డైరెక్టర్ల నివేదిక Sibar Media & Entertainment Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting before you the 15th Annual Report of the Company together with the Audited Statements of Accounts for the year ended 31st March, 2014.

FINANCIAL RESULTS:

(Rs.in Lakhs)

Particulars Year ended Year ended 31-3-2014 31-3-2013

Gross Income 16.01 15.36

Profit before Tax 0.03 0.00

Less: Provision for Taxation 0.00 0.00

Profit After Tax 0.03 0.00

Add: Balance in Profit & Loss A/c. b/fd from previous year (1120.87) (1120.88)

Profit Available for Appropriation (1120.84) (1120.87)

PERFORMANCE:

During the year 2013-14, the Company has achieved a turnover of Rs 16.01 Lakhs amounts and incurred a net profit Rs. 0.03 Lakhs

Independent Directors

In accordance with Sections 149, 152 read with Schedule IV read with relevant Rules of the Companies Act, 2013 Shri. Balasubramanian Krishnan and Shri. Ravirekula Ananda Reddy as independent Directors of the Company not liable to retire by rotation upto the conclusion of the 20th Annual General Meeting of the Company in the calendar year 2019."

Retiring by Rotation

In accordance with the requirements of the Companies Act, 2013 Shri Ravi Karnati , Director of the Company are liable to retire by rotation at the Annual General Meeting and, being eligible, offer themselves for reappointment at the ensuring Annual General Meeting.

Brief resume of the Directors proposed to be reappointed, nature of their expertise in specific functional areas, names of the companies in which they hold directorships and relationships between directors inter-se, as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges in India, are provided in the Report on Corporate Governance.

Statutory Auditors

Pursuant to the provisions of Section 139(2) of the Companies Act, 2013, on rotation of audit firms, and based on the recommendation of the Audit Committee, the Board has re-appointed M/s. HANUMAIAH&CO Chartered Accountants, Vijayawada as the Statutory Auditors of the Company to hold office from conclusion of this Annual General Meeting to the Conclusion of the next Annual General Meeting. M/s. HANUMAIAH&CO Chartered Accountants, Vijayawada, have confirmed that the appointment, if made, would be within the prescribed limits under Section 141 of the Companies Act, 2013. Accordingly, the appointment of M/s. HANUMAIAH&CO,Chartered Accountants, Vijayawadas, as the Statutory Auditors, is being proposed as an Ordinary Resolution.

Management''s Discussion and Analysis Report

Management''s Discussion and Analysis Report for the year under review, as stipulated under Clause 49 of Listing agreement with the Stock Exchanges in India, is presented in a separate section forming part of the Annual Report.

Fixed Deposits:

The Company has not accepted any deposits from the public in terms of Section 58A of the Companies Act, 1956 Particulars of Employees:

It is to report that there are no employees drawing salary of Rs.2,00,000/- or more p.m. or Rs.24,00,000/- or more per year or part thereof.

Your directors also place on record their deep sense of appreciation of the services of the staff and workers of the Company, who have contributed for the administration of the Company''s affairs.

Directors Responsibility Statement:

Pursuant to the requirements under Section 217 (2AA) of the Companies Act, 1956, with respect to Directors'' Responsibility Statement, it is hereby confirmed that:

i) in the preparation of the annual accounts, the applicable accounting standards read with requirements set out under Schedule VI to the Companies Act, 1956, have been followed and there are no material departure from the same;

ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2014 and profit for the year ended on that date;

iii) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities and

iv) the Directors have prepared the annual accounts of the Company on a ''going concern'' basis.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Out Go:

The particulars relating to Conservation of Energy, Technology absorption, Foreign Exchange earnings and outgo as required under section 217 (1) (e) of the Companies Act, 1956 read with Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 are as follows

a) Conservation of Energy

The company''s operations require low energy consumption. Adequate measures are taken to conserve energy whenever possible.

b) Technology absorption, Adoption and Innovation

There is no information to be furnished regarding Technology Absorption as your Company has not undertaken any research and development activity in any manufacturing activity nor any specific technology is obtained from any external sources, which needs to be absorbed or adopted.

c) Foreign Exchange earnings and outgo: Nil

Corporate Governance:

In pursuance of Clause 49 of the Listing Agreement entered into with the stock exchanges, a separate section on Corporate Governance has been incorporated in the annual report for the information of shareholders. A certificate from the auditors of the Company regarding compliance with the conditions of Corporate Governance as stipulated under Clause 49 also forms part of the annual report.

Acknowledgements:

Your Directors wish to place on record their gratitude to the Company''s shareholders, customers, vendors and bankers for their continued support to the company growth initiatives. Your Directors also wish to place on record, their appreciation of the contribution made by employees at all levels, who through their competence, sincerity, hard work, solidarity and dedicated support, have enabled your Company to make rapid strides in its business initiatives Your Directors also thank the Central and State Governments and their various agencies and other Governmental agencies for extending their support during the year, and look forward to their continued support.

By Order of the Board

(Sd/-) Dr. K.Anil Kumar Place: Vijayawada Managing Director Date: 14.08.2014

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Mar 31, 2013

The Directors have pleasure in submitting the 14th Annual Report along with Audited Accounts for the year ended on 31st March, 2013.

FINANCIAL RESULTS:

(Rs.in Lakhs)

Particulars Year ended Year ended 31-3-2013 31-3-2012

Gross Income 15.36 15.21

Profit before Tax 0.00 (204.04)

Less Provision for Taxation 0.00 0.00

Profit after tax 0.00 (204.04)

Add Balance in Profit & Loss

Account b/fd from previous year (1120.88) (916.84)

Profit available for appropriation (1120.87) (1120.88)



During the year under review, your company sales turnover of Rs.15.36 lakhs compared to the sales turnover of Rs.15.21 lakhs in the previous year.

Dividend :

The Board has not recommended any Dividend for the year 2012-13

Directors :

There was no changes in the Board of Directors during the financial year.

In accordance with the provisions contained in the Articles of Association, Mr. K. Balasubramanian retires by rotation at the ensuing Annual General Meeting and, being eligible offer themselves for re-appointment.

Deposits :

Your Company has not accepted any deposits during the period.

Director''s Responsibility Statement:

In terms of Section 217 (2AA) of the Companies Act, 1956, your Directors state that

1. In the preparation of the Annual Accounts, the applicable accounting standards have been followed.

2. The Company has selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and also of Profit and Loss Account of the Company for the year ended 31st March 2013.

3. The Directors have taken proper care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safe guading the assets of the Company and for preventing fraud and other irregularities.

4. The Company has prepared the Annual Statement of accounts for the year ended 31st March, 2013, on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS/OUTGOINGS:

The required information as per Sec 217(1) (e) of the Companies Act 1956 is provided hereunder:

A. Conservation of Energy :

The Company has been continuosly making efforts to reduce energy consumption. The management is striving to acheive cost reduction by economical usage of energy and to bring a general awareness about energy conservation among employees.

B. Technology Absorption :

1.Research and Development (R & D) : Nil

2.Technology absorption,adoption and innovation:Nil

C. Foreign Exchange Earnings and out Go :

Foreign Exchange Earnings : Nil Foreign Exchange Outgo : Nil

PARTICULARS OF EMPLOYEES:

No employee is in receipt of remuneration exceeding the limits prescribed under Section 217 (2A) of Companies Act, 1956.

Corporate Governance :

In terms of listing agreement with the Stock Exchanges, Compliance Report on Corporate Governance is given at Annexure - I. A certificate from Auditors of the Company regarding compliance of conditions of Corporate Governance is also placed as Annexure-II

Management Discussion and Analysis Report:

The Management had a detailed discussion on the operational results for the year ended 31st March, 2013 and analyzed the factors that effected the gross receipts and profit. The management was satisfied with the efforts taken in the situation faced by the Company and the adverse market conditions prevailed during the year.

In accordance with the provisions of Clause 49 of the Listing Agreement, a Report on the Management Discussion and Analysis on Company''s Performance, industry trends and other Material changes with respect to the Company and its subsidiaries, wherever applicable is attached as Annexure to this Directors Report.

Auditors :

The Auditors of the Company, M/s. Hanumaiah & Co, Chartered Accountants, Vijayawada, Auditors of the Company, retires at the ensuing Annual General Meeting and since eligible, being proposed for re-appointment.

Acknowledgement :

Your Directors wish to place on record their deep sense of appreciation for the whole hearted and sincere co-operation received from the shareholders, bankers, clients and authorities of stock exchanges. Your Directors also wish to thank all the employees for their unstinted co-operation in achieving good performance by your Company during the year.



By order of the Board



(Sd/-)

Dr.K.Anil Kumar

Managing Director

Place : Vijayawada

Date : 12.08.2013

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Mar 31, 2010

The Directors have pleasure in submitting the 11th Annual Report alongwith Audited Accounts for the year ended on 31st March, 2010.

FINANCIAL RESULTS:

(Rs.in Lakhs)

Particulars Year ended Year ended 31-3-2010 31-3-2009

Gross Income 24.28 25.65

Profit before Tax (2.48> (8.97)

Less Provision for Taxation 0.00 0.00

Profit after tax (2.48> (8.97)

Add Balance in Profit & Loss Account b/fd from previous year (845.20) (887.13)

Profit available for appropriation (847.68) (896.10)

Your Directors are pleased to report that the gross turn- over of the Company during the year under review amounted Rs. 24.28 Lakhs. During the year under review your company is making their efforts to promote the business of entertainment.

Directors :

Sri. K. Ravi has been appointed as additional director and is being proposed as Additional Directors of the Company liable to retire by rotation .

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARN- INGS/OUTGOINGS:

The required information as per Sec 217(1) (e) of the Companies Act 1956 is provided hereunder:

A. Conservation of Energy :

The Company has been continuosly making efforts to reduce energy consuption. The management is striving to achive cost reduction by economical usage of energy and to bring a general awareness about energy conserva- tion among employees.

B. Technology Absorption :

1. Research and Development (R & D) : Nil

2. Technology absorption,adoption and innovation : NIL

C. Foreign Exchange Earnings and out Go :

Foreign Exchange Earnings : Nil Foreign Exchange Outgo : Nil

PARTICULARS OF EMPLOYEES:

No employee is in receipt of remuneration exceeding the limits prescribed under Section 217 (2A) of Companies Act, 1956

CORPORATE GOVERNANCE:

A report on corporate governance, giving the status of implementation of mandatory and non-mandatory norms as per clause 49 of the listing agreement together with a Certificate from the Statutory Auditors, is attached and forms a part of the Directors Report.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant Section 217 (2AA) of the Act, your Directors confirm the following:

- that in the preparation of the Annual Accounts for the year ended 31 March, 2010, the applicable Accounting standards have been followed and that there were no material departures.

- that the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year ended 31st March, 2010 and of the profit of the company for that year.

- that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

- that the Directors have prepared the annual accounts on a going concern basis.

AUDITORS:

Hanumaiah & Co, Chartered Accountants, Vijayawada, Auditors of the Company, retires at the ensuing Annual General Meeting and since eligible, being proposed for re- appointment.

ACKNOWLEDGEMENTS:

Your Directors wish to place on record their deep sense of appreciation for the whole hearted and sincere co-opera- tion received from the shareholders, bankers, clients and authorities of stock exchanges. Your Directors also wish to thank all the employees for their unstinted co-opera- tion in achieving good performance by your Company during the year.

By order of the Board

Sd/- x x x

(Dr.K.Anil Kumar) Managing Director

Place : Vijayawada

Date : 04.09.2010

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Mar 31, 2009

The Directors have pleasure in submitting the 10th Annual Report along with Audited Accounts for the year ended on 31 st March, 2009.

FINANCIAL RESULTS:

(Rs. in Lakhs)

Particulars Year ended Year ended 31-3-2009 31-3-2008

Gross Income 25.65 56.10

Profit before Tax (8.97) (59.86).

Less Provision for Taxation 0.00 0.00 Profit after tax (8.97) (59.86)

Add Balance in Profit & Loss Account b/fd from previous year (887.13) (827.26)

Profit available for appropriation (896.10) (887.13)

Your Directors are pleased to report that the gross turnover of the Company during the year under review amounted Rs. 25.65 Lakhs. During the year under review your company is mak- ing their efforts to promote the business of entertainment.

RESOURCES AND FUTURE PLAN:

The activities of the Company are being expanded taking into cable industry.

DIRECTORS:

Sri. C Umesh have resigned from the Board during the year under review.

CONSERVATION OF ENERGY, TECHNOLOGY AB- SORPTION AND FOREIGN EXCHANGE EARNINGS/ OUTGOINGS:

The required information as per Sec 217( 1) (e) of the Companies Act 1956 is provided hereunder:

A. Conservation of Energy :

The Company has been continuosly making efforts to reduce energy consuption. The management is striving to achive cost reduction by economical usage of energy and to bring a gen- eral awareness about energy conservation among employees.

B. Technology Absorption :

1. Research and Development (R & D) : Nil

2. Technology absorption,adoption and innovation : NIL

C. Foreign Exchange Earnings and out Go

Foreign Exchange Earnings : Nil Foreign Exchange Outgo : Nil

PARTICULARS OF EMPLOYEES:

No employee is in receipt of remuneration exceeding the lim- its prescribed under Section 217 (2A) of Companies Act. 1956

CORPORATE GOVERNANCE:

A report on corporate governance, giving the status of imple- mentation of mandatory and non-mandatory norms as per clause 49 of the listing agreement together with a Certificate from the Statutory Auditors, is attached and forms a part of the Directors Report.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant Section 217 (2 AA) of the Act, your Directors con- firm the following:

- that in the preparation of the Annual Accounts for the year ended 31 March, 2009, the applicable accounting stan- dards have been followed and that there were no material departures.

- that the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year ended 31 st March, 2009 and of the profit of the company for that year.

- that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Com

panies Act, 1956 for safeguarding the assets of the Com- pany and for preventing and detecting fraud and other ir- regularities.

- that the Directors have prepared the annual accounts oh a going concern basis.

AUDITORS:

Hanumaiah & Co, Chartered Accountants, Vijayawada, Au- ditors of the Company, retires at the ensuing Annual General Meeting and since eligible, being proposed for re-appointment.

ACKNOWLEDGEMENTS:

Your Directors wish to place on record their deep sense of appreciation for the whole hearted and sincere co-operation received from the shareholders, bankers, clients and authori- ties of stock exchanges. Your Directors also wish to thank all the employees for their unstinted co-operation in achieving good performance by your Company during the year.

By order of the Board

Sd/- xxx (Dr.K.Anil Kumar) Managing Director

Place : Vijayawada

Date : 05.09.2009