NOTES FORMING PART OF THE ACCOUNTS

SCHEDULE FORMING PART OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 2016

STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

System of Accounting :
The financial statement are brpared as per going concern under historical cost convention on actual basis except these with significant uncertainty & in accordance with the relevant Accounting Standards issued by ICAI & in Compliance with the provisions of the Companies Act, 1956 & Companies Act, 2013. Accounting policies not stated explicitly otherwise are consisted with generally accepted accounting principles.
II) Revenue Recognition:
Revenue is recognized when the services is provided and passed on to the customers.
III) Fixed Assets:
Fixed Assets are recorded at cost of acquisition inclusive of all relevant levies & incidental expenses. They are stated at cost less accumulated debrciation.
IV) Debrciation:
Debrciation has been provided on written down value method under section 205(2)(b) of the Companies Act, 1956.
At the rates specified in schedule II of the Companies Act, 2013.
On a pro – rata basis with reference to the month of additional/disposal in respect of assets added/disposed of during the year.
V) Provision for Income Tax:
The Provision for Income Tax has been made on the basis of the assessable income under the Income Tax Act, 1961. Current tax is the amount of tax payable on the taxable income for the year determined in accordance with the provisions of the Income Tax Act, 1961.
VI) Provision for Deferred Tax:
Deferred Tax is recognized on timing difference; being the differences between the taxable income & accounting income that originate in one period & are capable of reversal in one or more subsequent periods. Deferred tax assets subject to the consideration of prudence are recognized & set off against accumulated Deferred Tax Liabilities & balance if any is carried forward only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. The tax effect is calculated on the accumulated timing difference at the yearend based on the tax rates & laws enacted or substantially enacted on the balance sheet date.  
VII) Remuneration to Directors:
Remuneration to Director : Rs. 33,00,000/-

VIII) In the opinion of the Board of Directors, the Current Assets, Loans & Advances are approximately of the values stated in Balance Sheet if realized in the ordinary course of business.
IX) The balances of Sundry Debtors, Sundry Creditors, Advances & Lenders are subject to confirmation /                  reconciliation and adjustments if any.
X) Physical Verification of cash was done by the Management on which the auditor has kept reliance.
XI) Related Party Transactions:
Name of Related Companies : APBC Printing Inks Private Limited, Jyoti Printing Inks
                                     Private Limited, RGE Digital Imaging Solutions Pvt. Ltd.,
                                     Esha Broadcast Monitoring Pvt. Ltd., Stonerigde   
                                     Advisors Pvt. Ltd.,   
Name of Other Related Parties : Reliance Graphic Enterprises & PRR Family Trust.
Name of Key Management : Mr. P.Ragahava Raju
Personnel Mr. R.S.Iyer
                                     Ms. Jyoti Baber.
Ms. Sakshi Pawar
Ms. Shilpa Parab

NATURE OF TRANSACTION	COMPANIES	OTHER RELATED PARTIES	KEY MANAGEMENT PERSONNEL	TOTAL
PAYMENT OF REMUNERATION	-	-	33,00,000/-	33,00,000/-
PAYMENT OF LOANS & ADVANCES	-	-	74,33,600/-	74,33,600/-
RECEIPT OF LOANS & ADVANCES	-	-	1,38,70,000/-	1,38,70,000/-

XII) Recasting of Balances:
Wherever possible & found necessary regrouping & recasting of ledger balances have been made.


For DHAKAD & Co. For ESHA MEDIA RESEARCH LTD.
(Chartered Accountants)



   Amrit Dhakad Raman S Iyer Jyoti M Babar
    (Proprietor)   (Director)   (Director)

VII) Remuneration to Directors:
Remuneration to Director : Rs. 33,00,000/-