Download latest annual report - HT Media

More documents

Recommendations

Info

Annual Report 2011-12 ANNEXURE REFERRED TO IN PARAGRAPH [3] OF OUR REPORT OF EVEN DATE Re: HT Media Limited (‘the Company’) (i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. 44 (b) All fixed assets have not been physically verified by the management during the year but there is a regular programme of verification which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification. (c) There was no disposal of a substantial part of fixed assets during the year. (ii) (a) The management has conducted physical verification of inventory at reasonable intervals during the year. (b) The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. (c) The Company is maintaining proper records of inventory and no material discrepancies were noticed on physical verification. (iii) (a) The Company has granted loan to two companies covered in the register maintained under section 301 of the Companies Act, 1956. The maximum amount involved during the year was `1,745,309,499 and the year-end balance of loans granted to such parties was `1,599,701,000. (b) In our opinion and according to the information and explanations given to us, the rate of interest and other terms and conditions for such loans are not prima facie prejudicial to the interest of the Company. (c) In respect of loans granted, repayment of the principal amount and interest is as stipulated and payment of interest has been regular. (d) There is no overdue amount of loans granted to companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956. (e) According to the information and explanations given to us, the Company has not taken any loans, secured or unsecured from companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956. Accordingly, the provisions of clause 4(iii)(e) to (g) of the Order are not applicable to the Company and hence not commented upon. (iv) In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods and services. During the course of our audit, we have not observed any major weakness or continuing failure to correct any major weakness in the internal control system of the company in respect of these areas. (v) (a) In our opinion, there are no contracts or arrangements that need to be entered in the register maintained under Section 301 of the Companies Act, 1956. Accordingly, the provisions of clause 4(v)(b) of the Order is not applicable to the Company and hence not commented upon. (vi) The Company has not accepted any deposits from the public. (vii) In our opinion, the Company has an internal audit system commensurate with the size of the Company and nature of its business. (viii) We have broadly reviewed the books of account maintained by the Company pursuant to the rules made by the Central Government for the maintenance of cost records under section 209(1)(d) of the Companies Act, 1956, related to the printing and publishing of news paper catalogues, books, magazines, etc, and are of the opinion that prima facie, the prescribed accounts and records have been made and maintained. (ix) (a) Undisputed statutory dues including provident fund, investor education and protection fund, employees’ state insurance, income-tax, sales-tax, wealth-tax, service tax, customs duty, cess and other material statutory dues have generally been regularly deposited with the appropriate authorities. The provisions relating to excise duty are not applicable to the Company. (b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, investor education and protection fund, employees’ state insurance, income-tax, wealthtax, service tax, sales-tax, customs duty, cess and other material undisputed statutory dues were outstanding, at the year end, for a period of more than six months from the date they became payable. The provisions relating to excise duty are not applicable to the Company. (c) According to the records of the Company, the dues of income -tax which have not been deposited on account of any dispute are as follows: Name of the statute Income Tax Act, 1961 Nature of dues Penalty order passed u/s 271(1) (c) of the Income Tax Act Amount (`) Period to which the amount relates 236,545 Assessment Year 2004-05 Forum where dispute is pending CIT (A) According to the information and explanations given to us, there are no dues of sales-tax, wealth tax, service
tax, customs duty, excise duty and cess which have not been deposited on account of any dispute. (x) The Company has no accumulated losses at the end of the financial year and it has not incurred cash losses in the current and immediately preceding financial year. (xi) Based on our audit procedures and as per the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to banks. The Company has no outstanding dues in respect of debentures or financial institution. (xii) According to the information and explanations given to us and based on the documents and records produced before us, the Company has not granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities. (xiii) In our opinion, the Company is not a chit fund or a nidhi / mutual benefit fund / society. Therefore, the provisions of clause 4(xiii) of the Order are not applicable to the Company. (xiv) In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly, the provisions of clause 4(xiv) of the Order are not applicable to the Company. (xv) According to the information and explanations given to us, the Company has given guarantee for loans taken by others from banks and financial institutions, the terms and conditions whereof, in our opinion, are not prima-facie prejudicial to the interest of the Company. (xvi) Based on the information and explanations given to us by the management, term loans were applied for the purpose for which the loans were obtained. HT Media Limited (xvii) According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we report that no funds raised on short-term basis have been used for long-term investment. (xviii) The Company has not made any preferential allotment of shares to parties or companies covered in the register maintained under section 301 of the Companies Act, 1956. (xix) The Company did not have any outstanding debentures during the year. (xx) The Company has not raised any money through a public issue during the year. (xxi) Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and as per the information and explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the year. For S.R. Batliboi & Co. Firm registration number: 301003E Chartered Accountants per Manoj Gupta Partner Membership No.: 83906 Place: New Delhi Date: May 18, 2012 45
Page 1 and 2: HT Media Limited Annual Report 2011
Page 3 and 4: Contents Staying ahead. Consistentl
Page 5 and 6: 18.4% Revenue CAGR FY 05 - FY 12 29
Page 7 and 8: 14 Cities Hindustan Times 19Edition
Page 9 and 10: Shine.com India’s leading job por
Page 12 and 13: 10 Shine.com is India’s leading j
Page 14 and 15: 12 Times are tough, but, as always,
Page 16 and 17: 14 On HT Media's performance in FY
Page 18 and 19: Management Discussion & Analysis OV
Page 20 and 21: literacy leading to increased reade
Page 22 and 23: tremendous growth in clients served
Page 24 and 25: The highlights of consolidated fina
Page 26: During the year, the Company carrie
Page 29 and 30: ��
Page 31 and 32: ��
Page 33 and 34: ��
Page 35 and 36: ��
Page 37 and 38: ��
Page 39 and 40: ��
Page 41 and 42: Financial Year 1st��
Page 43 and 44: ��
Page 45: AUDITORS’ REPORT To The Members o
Page 49 and 50: STATEMENT OF PROFIT AND LOSS FOR TH
Page 51 and 52: HT Media Limited Particulars 31 Mar
Page 53 and 54: In respect of fixed assets (Plant &
Page 55 and 56: Sale of News & Publications, Waste
Page 57 and 58: t) Segment Reporting Policies Ident
Page 59 and 60: (e) Details of shareholders holding
Page 61 and 62: HT Media Limited 1. Overdraft facil
Page 63 and 64: 12A. INTANGIBLE ASSETS (` in lacs)
Page 65 and 66: Particulars As at 31 March, 2012 3.
Page 67 and 68: Particulars As at 31 March, 2012 HT
Page 69 and 70: Particulars As at 31 March, 2012 HT
Page 71 and 72: 19. CASH AND BANK BALANCES HT Media
Page 73 and 74: 25. (INCREASE) / DECREASE IN INVENT
Page 75 and 76: 31. Contingent Liabilities a. Durin
Page 77 and 78: 33. In terms of the Scheme of Arran
Page 79 and 80: Plan B HT Media Limited Particulars
Page 81 and 82: HT Media Limited Weighted average f
Page 83 and 84: Amount recognized in the statement
Page 85 and 86: Proportion of Company’s interest
Page 87 and 88: Related Party Transactions during t
Page 89 and 90: Transactions during the year ended
Page 91 and 92: Transactions during the year ended
Page 93 and 94: HT Media Limited 40. Details of loa
Page 95 and 96: HT Media Limited 43. Based on the i
Page 97 and 98:
AUDITORS’ REPORT To The Board of
Page 99 and 100:
HT Media Limited CONSOLIDATED STATE
Page 101 and 102:
Particulars For the year ended 31 M
Page 103 and 104:
) Use of estimates The preparation
Page 105 and 106:
value of the leased property and pr
Page 107 and 108:
differences on such contracts are r
Page 109 and 110:
HT Media Limited w) Measurement of
Page 111 and 112:
(e) Details of shareholders holding
Page 113 and 114:
Particulars As at 31 March, 2012 HT
Page 115 and 116:
10. SHORT-TERM BORROWINGS Particula
Page 117 and 118:
13. TANGIBLE ASSETS AND INTANGIBLE
Page 119 and 120:
14. NON CURRENT INVESTMENTS Particu
Page 121 and 122:
Page 123 and 124:
18. CURRENT INVESTMENTS Particulars
Page 125 and 126:
Page 127 and 128:
19. INVENTORIES (valued at lower of
Page 129 and 130:
23. OTHER CURRENT ASSETS Particular
Page 131 and 132:
27. (INCREASE) / DECREASE IN INVENT
Page 133 and 134:
30. DEPRECIATION & AMORTISATION Par
Page 135 and 136:
HT Media Limited 34. Segment Inform
Page 137 and 138:
HT Media Limited 35. During the yea
Page 139 and 140:
HT Media Limited The details of act
Page 141 and 142:
A. Details of Options granted as on
Page 143 and 144:
HT Media Limited The estimated fair
Page 145 and 146:
42. Names of Related Parties Holdin
Page 147 and 148:
Transactions during the year ended
Page 149 and 150:
HT Media Limited The above Goodwill
Page 151 and 152:
As per our report of even date For
Page 153 and 154:
STATEMENT PURSUANT TO SECTION 212 O
Page 156:
HT Media Limited Hindustan Times Ho
show all

Download latest annual report - HT Media

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?