BGIL Films & Technologies Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2025

Provisions are recognised when the Company has a present legal or constructive
obligation as a result of past events, it is probable that an outflow of resources
will be required to settle the obligation and the amount can be reliably estimated.
Provisions are not recognised for future operating losses.

Contingent liabilities are disclosed when there is a possible obligation arising
from past events, the existence of which will be confirmed only by the occurrence

or non-occurrence of one or more uncertain future events not wholly within the
control of the Company or a present obligation that arises from past events where
it is either not probable that an outflow of resources will be required to settle the
obligation or a reliable estimate of the amount cannot be made.

1.1.15 Financial Instruments

A) . Financial Assets

Financial assets are recognised when the Company becomes a party to the
contractual provisions of the instrument. On initial recognition, a financial asset
is recognised at fair value, in case of financial assets which are recognised at fair
value through profit and loss (FVTPL), its transaction cost are recognised in the
statement of profit and loss. In other cases, the transaction cost are attributed
to the acquisition value of the financial asset. Financial assets are subsequently
classified and measured at

• amortised cost

• Fair value through profit and loss (FVTPL).

Other equity investments

All other equity investments are measured at fair value, with value changes
recognised in Statement of Profit and Loss, except for those equity investments
for which the Company has elected to present the value changes in ‘Other
Comprehensive Income’.

Impairment of financial assets

In accordance with Ind AS 109, the Company uses ‘Expected Credit Loss’ (ECL)
model, for evaluating impairment of financial assets other than those measured
at fair value through profit and loss (FVTPL).

The Company measures the expected credit loss associated with its assets based
on historical trend, industry practices and the business environment in which
the entity operates or any other appropriate basis. The impairment methodology
applied depends on whether there has been a significant increase in credit risk.

B) . Financial Liabilities

Financial liabilities are recognised when the Company becomes a party to the
contractual provisions of the instrument. Financial liabilities are initially
measured at the amortised cost unless at initial recognition, they are classified
as fair value through profit and loss.

Financial liabilities are subsequently measured at amortised cost using the
Effective Interest Rate (EIR) method. Financial liabilities carried at fair value

through profit or loss are measured at fair value with all changes in fair value
recognised in the Statement of Profit and Loss.

A financial liability is derecognised when the obligation specified in the contract
is discharged, cancelled or expires.

1.1.16 Derivative financial instruments

Derivative financial instruments such as forward contracts, option contracts and
cross currency swaps, to hedge its foreign currency risks are initially recognised
at fair value on the date a derivative contract is entered into and are
subsequently re-measured at their fair value with changes in fair value
recognised in the Statement of Profit and Loss in the period when they arise.

Notes on Company Bank Account

The Company Bank Account namely BGIL Films & Technologies Limited

A/c No.: 60162573140 Bank: Bank of Maharashtra has been seized by GST

department.

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Mar 31, 2014

1. Estimated amount of contract remaining to be executed on capital account and not provided for Rs. Nil (Previous Year Rs. Nil)

2. Contingent Liabilities not provided for :

a. Guarantees given by the company Rs. NIL (PY. - NIL)

b. Claims against the company not acknowledge as debts Rs. 14.99 Lacs (PY. - NIL)

Income Tax (AY 2010-11)

3. Balance confirmations, Sundry Debtors, Sundry Creditors, Deposits and the parties to whom the advances are given are subject to reconciliation and such are as per books of accounts only. Adjustment thereto having an impact of revenue nature, if any, will be made during the period in which the same are fully reconciled.

4. In the opinion of Board of Directors and explanations given to us, the Current Assets, Loans and Advances are approximately of the value stated if realised in the ordinary course of business. The provision for depreciation and all known liabilities are adequate.

5. Earning & Expenditure in foreign exchange

a) Earnings NIL (RY. NIL)

b) Expenditure Rs. NIL (RY. 67,088/-)

Note: 1) ) Segments have been identified in line with Accounting Standard - 17 (AS-17) on Segment Reporting issued by the Institute of Chartered Accountants of India, taking into account the nature of activities as well as the differential risks and returns attached. The Company''s operation predominantly relates to the following segments:

a) Information Technologies/Services

b) Film Production and Distribution

c) Investment & Finance

2) There is no inter-divisional or inter segmental transfer of goods and services.

3) There is no secondary segments i.e. Geographical by Customers.

6. Related party Disclosure (where transactions have taken place): In terms of Accounting Standard AS-18, all related parties have been identified by management and relied upon by the auditors.

a) Name of Related Parties & description of relationship:

i) Key Management Personnel:

Sh. Rakesh Bhhatia - Chairman

Sh. Ashok Juneja - Director

Smt. Arti Bhatia - Wife of Rakesh Bhhatia

Smt. Jaya Misra - Director

Sh. Rajiv Kumar - Director

Sh. Vimal Kumar Srivastava - Director

Sh. J K Bhatia - Brother of Rakesh Bhhatia

Ms. Garima Bhatia - Daughter of Rakesh Bhatia

Smt. Bharti Singh - Sister-in-law of Rakesh Bhatia

(ii) Related Parties where control exists:

Bharatiya Global Infomedia Limited Bhatia Investment & Finance (P) Ltd. Number One Finsec (P) Ltd.

Number One Finvest (P) Ltd.

Grindlay Finman (P) Ltd.

Ignite Media & Entertainment Pvt. Ltd Rakesh Bhhatia HUF

7. Previous year figures have been re-grouped, re-arranged and/or re-casted, wherever considered necessary so as to make them comparable with the current year figures.

8. No Provision has been made for Gratuity, leave encashment or other retirement benefits, which are accounted for on payment basis only. However, the company has calculated the estimated amount of gratuity which comes to Rs. 2,40,577/- as at 31st March 2014.

9. The Company has paid a sum of Rs. 1,28,46,331 as share application money to Grindlay Finman Private Limited and Rs. 50,50,000 to Number One Finvest Private Limited, but no written intimation of allotment of shares has been received as yet by either of the companies and the same are shown under head Short-Term Loans and Advances in the balance sheet.

10. No provision has been made for diminution in value of Investments as in the opinion of management, the diminution in the value of quoted investments amounting to Rs. 186.35 lacs is temporary in nature.

11. Above mentioned Significant Accounting policies and notes on Accounts form an integral part of the Balance Sheet as at 31st March, 2014 and the statement of Profit & Loss Account for the year ended on that date and have been duly authenticated.

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Mar 31, 2013

1. Estimated amount of contract remaining to be executed on capital account and not provided for Rs. Nil (Previous Year Rs. Nil).

2. Contingent Liabilities not provided for :

a. Guarantees given by the company Rs. NIL (P.Y. - NIL)

b. Claims against the company not acknowledge as debts Rs. NIL (P.Y. - NIL)

3. Quantitative information required to be given under paragraph 3, 4C and 4D of part-II of Schedule VI to the Companies Act, 1956.

4. Balance confirmations, Sundry Debtors, Sundry Creditors, Deposits and the parties to whom the advances are given are subject to reconciliation and such are as per books of accounts only. Adjustment thereto having an impact of revenue nature, if any, will be made during the period in which the same are fully reconciled.

5. In the opinion of Board of Directors and explanations given to us, the Current Assets, Loans and Advances are approximately of the value stated if realised in the ordinary course of business. The provision for depreciation and all known liabilities are adequate.

6. In accordance with the requirements of section 217 (2A) of the Companies Act, 1956, the number of employees who were:

(a) Employed through out the period at remuneration, which in aggregate was not less than Rs. 60,00,000/- per annum (including Directors)- NIL.

(b) Employed for part of period at remuneration which in aggregate was not less than Rs. 5,00,000/- per month (including Directors) - NIL

7. CIF Value of Imports Rs. 67088 (P.Y. NIL)

8. Earning & Expenditure in foreign exchange

a) Earnings NIL (P.Y. NIL)

b) Expenditure Rs. 67088 (P.Y. NIL)

9. Related party Disclosure (where transactions have taken place): In terms of Accounting Standard AS- 18, all related parties have been identified by management and relied upon by the auditors.

a) Name of Related Parties & description of relationship:

i) Key Management Personnel:

Sh. Rakesh Bhhatia - Director

Sh. Ashok Kumar Juneja - Director

Smt. Arti Bhatia - Wife of Rakesh Bhhatia

Smt. Jaya Misra - Director

Sh. Rajiv Kumar - Director

Sh. Vimal Kumar Srivastava - Director

Sh. J K Bhatia - Brother of Rakesh Bhhatia

(ii) Related Parties where control exists:

Bharatiya Global Infomedia Limited

Bhhatia Investment & Finance (P) Ltd.

Number One Finsec (P) Ltd.

Number One Finvest (P) Ltd.

Grindlay Finman (P) Ltd.

Ignite Media & Entertainment Pvt. Ltd

Rakesh Bhhatia HUF

10. Previous year figures have been re-grouped, re-arranged and/or re-casted, wherever considered necessary so as to make them comparable with the current year figures as per Revised Schedule VI of the Companies Act, 1956.

11. No Provision has been made for Gratuity ,leave encashment or other retirement benefits, which are accounted for on payment basis only.

12. Above mentioned Significant Accounting policies and notes on Accounts form an integral part of the Balance Sheet as at 31st March, 2013 and the Profit & Loss Account for the year ended on that date and have been duly authenticated.

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Mar 31, 2012

Note 1.1 : Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 10 per share. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amonuts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Estimated amount of contract remaining to be executed on capital account and not provided for Rs Nil (Previous Year Rs Nil)

3. Contingent Liabilities not provided for :

a. Guarantees given by the company Rs. Nil (P.Y. - Nil)

b. Claims against the company not acknowledge as debts Rs. Nil (P.Y. - Nil)

4. Quantitative information required to be given under paragraph 3, 4C and 4D of part-II of Schedule VI to the Companies Act, 1956.

5. Balance confirmations, Sundry Debtors, Sundry Creditors, Deposits and the parties to whom the advances are given are subject to reconciliation and such are as per books of accounts only. Adjustment thereto having an impact of revenue nature, if any, will be made during the period in which the same are fully reconciled.

6. In the opinion of Board of Directors and explanations given to us, the Current Assets, Loans and Advances are approximately of the value stated if realised in the ordinary course of business. The provision for depreciation and all known liabilities are adequate.

7. In accordance with the requirements of section 217 (2A) of the Companies Act, 1956, the number of employees who were:

(a) Employed through out the period at remuneration, which in aggregate was not less than Rs. 60,00,000/- per annum (including Directors) - Nil.

(b) Employed for part of period at remuneration which in aggregate was not less than Rs. 5,00,000/- per month (including Directors) - NIL

8. CIF Value of Imports NIL (P.Y. NIL)

9. Earning & Expenditure in foreign exchange

a) Earnings NIL (P.Y. NIL)

b) Expenditure NIL (P.Y. NIL)

Note: 1) Segments have been identified in line with Accounting Standard - 17 (AS-17) on Segment Reporting issued by the Institute of Chartered Accountants of India, taking into account the nature of activities as well as the differential risks and returns attached. The Company's operation predominantly relates to the following segments:

a) Information Technologies/Services

b) Film Production and Distribution

c) Investment & Finance

2) There is no inter-divisional or inter segmental transfer of goods and services.

10. Related party Disclosure (where transactions have taken place): In terms of Accounting Standard AS-18, all related parties have been identified by management and relied upon by the auditors.

a) Name of Related Parties & description of relationship:

i) Key Management Personnel:

Sh. Rakesh Bhhatia - Director

Sh. Sanjay Kapoor - Director

Sh. Ashok Juneja - Director

Smt. Arti Bhatia - Wife of Rakesh Bhhatia

Sh. J.K. Bhatia - Brother of Rakesh Bhhatia

(ii) Related Parties where control exists:

Bharatiya Global Infomedia Limited Bhhatia Investment & Finance (P) Ltd.

Number One Finsec (P) Ltd.

Grindlay Finman (P) Ltd.

Rakesh Bhhatia HUF

11. Previous year figures have been re-grouped, re-arranged and/or re-casted, wherever considered necessary so as to make them comparable with the current year figures as per Revised Schedule VI of the Companies Act, 1956.

12. No Provision has been made for Gratuity amounting to Rs. 2,02,414/-, leave encashment or other retirement benefits, which are accounted for on payment basis only.

13. Above mentioned Significant Accounting policies and notes on Accounts form an integral part of the Balance Sheet as at 31st March, 2012 and the Profit & Loss Account for the year ended on that date and have been duly authenticated.

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Mar 31, 2011

1. Estimated amount of contract remaining to be executed on capital account and not provided for Rs Nil (Previous Year Rs Nil)

2. Contingent Liabilities not provided for :

a. Guarantees given by the company Rs. Nil (P.Y. - Nil)

b. Claims against the company not acknowledge as debts Rs. Nil (P.Y. - Nil)

3. Balance confirmations, Sundry Debtors, Sundry Creditors, Deposits and the parties to whom the advances are given are subject to reconciliation and such are as per books of accounts only. Adjustment thereto having an impact of revenue nature, if any, will be made during the period in which the same are fully reconciled.

4. In the opinion of Board of Directors and explanations given to us, the Current Assets, Loans and Advances are approximately of the value stated if realised in the ordinary course of business. The provision for depreciation and all known liabilities are adequate.

5. In accordance with the requirements of section 217 (2A) of the Companies Act, 1956, the number of employees who were:

(a) Employed through out the period at remuneration, which in aggregate was not less than Rs. 24,00,000/- per annum (including Directors) - Nil.

(b) Employed for part of period at remuneration which in aggregate was not less than Rs. 2,00,000/- per month (including Directors) - NIL

6. Related party Disclosure (where transactions have taken place): In terms of Accounting Standard AS-18, all related parties have been identified by management and relied upon by the auditors.

a) Name of Related Parties & description of relationship: i) Key Management Personnel:

Sh. Rakesh Bhhatia — Director

Sh. Sanjay Kapoor — Director

Sh. Ashok Juneja — Director

Smt. Arti Bhatia — Wife of Director

Sh. J. K. Bhatia — Brother of Director

(ii) Related Parties where control exists: Bharatiya Global Infomedia Limited Kriti Communications (P) Ltd Bhhatia Investment & Finance (P) Ltd. Number One Finsec (P) Ltd. Grindlay Finman (P) Ltd. Rakesh Bhhatia HUF

7. Previous year figures have been re-grouped, re-arranged and/or re-casted, wherever considered necessary so as to make them comparable with the current year figures.

8. No Provision has been made for Gratuity, leave encashment or other retirement benefits, which are accounted for on payment basis only.

9. The Service Tax which was payable as on 31.03.2010 along with interest has since been paid on 01.09.2011.

10. Above mentioned Significant Accounting policies and notes on Accounts form an integral part of the Balance Sheet as at 31st March, 2011 and the Profit & Loss Account for the year ended on that date and have been duly authenticated.

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Mar 31, 2010

1. Estimated amount of contract remaining to be executed on capital account and not provided for Rs Nil (Previous Year Rs Nil)

2. Contingent Liabilities not provided for:

a. Guarantees given by the company Rs. Nil (Previous Year Nil)

b. Claims against the company not acknowledge as debts Rs. Nil (Previous Year Nil)

3. Quantitative information required to be given under paragraph 3, 4C and 4D of part-ll of Schedule VI to the Companies Act, 1956.

4. In the absence of balance confirmations, Sundry Debtors, Sundry Creditors, Deposits and the parties to whom the advance are given continued to be subject to reconciliation and such are as per books of accounts only. Adjustment thereto having an impact of revenue nature, if any, will be made in the year in which the same are fully reconciled.

5. In the opinion of Board of Directors and explanations given to us, the Current Assets, Loans and Advances are approximately of the value stated if realised in the ordinary course of business. The provision for depreciation and all known liabilities are adequate.

6. Service Tax amounting to Rs. 30,33,977/- remains unpaid as on 31.3.2010.

7. Related party Disclosure (where transactions have taken place): In terms of Accounting Standard AS-18, all related parties have been identified by management and relied upon by the auditors. a) Name of Related Parties & description of relationship: I) Key Management Personnel:

Sh. Rakesh Bhhatia - Director

Sh. Sanjay Kapoor - Director

Sh Ashok Juneja - Director

(ii) Related Parties where control exists:

Bharatiya Global Infomedia Limited Kriti Communications (P) Ltd Bhhatia Investment & Finance .(P) Ltd. Number One Rnsec (P) Ltd. Grindlay Finman (P) Ltd. Rakesh Bhhatia HUF

8. Previous year figures have been re-grouped, re-arranged and/or re-casted, wherever considered necessary .so as to make them comparable with the current year figures.

9. No Provision has been made for Gratuity, leave encasement or other retirement benefits, which are accounted for on payment basis only.

10 Above mentioned Significant Accounting policies and notes on Accounts form an integral part of the Balance Sheet as at 31 st March, 2010 and the Profit & Loss Account for the year ended on that date and have been duly authenticated.