Ltd Balance Sheet as at 31st March 2012 Particulars I.

EQUITY AND LIABILITIES 1 Shareholders funds (a) Share capital (b) Reserves and surplus 2 Non-current liabilities (a) Long-term borrowings (b) Long-term provisions 3 Current liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions TOTAL II. ASSETS Non-current assets 1 (a) Fixed assets (i) Tangible assets (ii) Intangible assets (b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other Non Current Assets 2 Current assets (a) Trade receivables (b) Cash and cash equivalents (c) Other Current Assets TOTAL Note No.

As at 31.03.2012

As at 31.03.2011

1 2

3 4

5 6 7

8 -

9 10 11 12

13 14 15

As per our Report of even date attached

Ltd Statement of Profit and loss for the year ended 31st March 2012 Refer Note No. For the year ended For the year ended As on 31.03.2012 As on 31.03.2013 16 17 -

Particulars

I. Revenue from operations II. Other income III. Total Revenue (I + II) IV. Expenses: Purchases of Media Space Employee benefits expense Finance costs Depreciation and amortization expense Other expenses Total expenses Profit before exceptional and extraordinary items and V. tax (III-IV) VI. Exceptional items VII. Profit before extraordinary items and tax (V - VI) VIII. Extraordinary Items IX. Profit before tax (VII- VIII) X Tax expense: (1) Current tax (2) Deferred tax XI Profit (Loss) for the period (XI + XIV) XII Earnings per equity share: (1) Basic (2) Diluted As per our Report of even date attached

18 19 8 20

Ltd
Notes forming part of the financial statements as at and for the year ended March 31, 2012 1. SHARE CAPITAL As at 31 March 2012 Amount Authorised 26,50,000 (26,50,000) Equity Shares of Rs. 10 each Issued 21,89,750 (21,89,750 ) Equity Shares of Rs. 10 each Subscribed & Paid up 21,89,750 (21,89,750)Equity Shares of Rs. 10 each fully paid As at 31 March 2011 Amount

Particulars

Total

(A) 16717794 Equity Shares (16717794) are held by .. Company Ltd , the holding company. ( B) The Company has only one class of shares referred to as equity shares having a par value of Rs.10/- .Each holder of equity shares is entitled to one vote per share (C) The details of Shareholders holding more than 5% shares : Name of Shareholder As at 31 March 2012 % of Holding No. of Shares held As at 31 March 2011 % of Holding No. of Shares held

(D) 65700 Compulsory Convertible Debentures have been issued which are convertible into Equity Shares on 01/04/2013 Detail of debanture interest & other terms have been mentioned at Note No. 3-B.

2. RESERVE AND SURPLUS As at 31 March 2012 As at 31 March 2011

Particular

a. Securities Premium Account Opening Balance Add : Securities premium credited on Share issue Closing Balance -

b. Surplus Opening balance (+) Net Profit/(Net Loss) For the current year Closing Balance Total -

3. LONG TERM BORROWING Particular Secured (a) Term loans from banks (Secured By Fixed Deposit of Rs. 75 Lacs) (of the above Rs.75 Lacs is guaranteed by Directors) Unsecured (a) Compulsorily Convertible Debentures 65700 (Previous Year: 65700) Debentures of Rs. 10,000 each (b) Term loans from banks (of the above Rs.510.66 Lacs is guaranteed by Directors) Total Less : Current maturities of Long-Term Debt Total 88,033,335.00 (88,033,335.00) As at 31 March 2012 As at 31 March 2011

A ) Terms of Repayment of Term Loan Term Loan is rapayable in 48 monthly instalment with interest @ BPLR -4.25% PA Rate of Interest as on 31/03/2012 is 16.50% PA B ) Terms and Conditions of Compulsorily Convertible Debentures Interest is Payable Annually at a rate of LIBOR + 300 BASIS POINT The conversion shall be at a rate of EUR 10000000 divided by 4383600 per share Debentures will be converted on 01/04/2013

4. LONG TERM PROVISIONS Particular Provision for employee benefits Gratuity (unfunded) Leave Encashment (unfunded) Total 5. SHORT TERM BORROWING Particular Secured (a) Loans repayable on demand from banks (Secured By Fixed Deposit placed with Bank ) Total As at 31 March 2012 As at 31 March 2011 As at 31 March 2012 As at 31 March 2011

6. OTHER CURRENT LIABILITIES Particular As at 31 March 2012 ` (a) Current maturities of long-term debt (b ) Interest accrued but not due on borrowings (c) Other payables (specify nature) Advances from Customers Expenses Payable Statutory Dues Payables Total 7. SHORT TERM PROVISIONS Particular (a) Provision for employee benefits Reimbursements Payable Contribution to PF Gratuity Leave Encashment (b) Others Provision for Income Tax Total As at 31 March 2012 As at 31 March 2011 As at 31 March 2011 `

9. NON CURRENT INVESTMENTS Particulars Trade Investments In Subsidiaries Investment in Equity instruments Works Ltd 273392 Equity Shares of Rs.10 Each Communication Ltd 90,060 Equity Shares of Rs. 10 each Total A Aggregate value of Unquoted Investments 10 Deffered Tax Particular Items of Deferred Tax Liability (a) Difference in Depreciation and other difference in the block of assets as per Companies Act and Income Tax Act Gross Deferred Tax Liability (A) Items for Deferred Tax Assets (a) Unabsorbed Depreciation (b) Unabsorbed Losses Effects of expenditure debited to P&L account in current year, but allowed for tax purpose in following year Gross Deferred Tax Assets (B) Net Deferred Tax Liability/ (Assets) (A - B) As at 31 March 2012 As at 31 March 2011 As at 31 March 2012 As at 31 March 2011

. 0.00 0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

11. LONG TERM LOANS AND ADVANCES Particular a. Security Deposits Unsecured, considered good As at 31 March 2012 As at 31 March 2011

b. Other loans and advances (specify nature) Unsecured, considered good Total 12. OTHER NON CURRENT ASSETS Particular Bank Deposit with more than 12 months maturity ( Under Lien with VAT Authorities) Total 0.00 0.00 As at 31 March 2012 As at 31 March 2011 -

13. TRADE RECEIVABLES Particular Trade receivables outstanding for a period less than six months from the date they are due for payment Unsecured, considered good Others Unsecured, considered good Total 14. CASH AND CASH BALANCES Particular Cash & Cash Equivqlents Bank Balances In Current Account Fixed Deposits kept as Security against borrowings Cash on hand Total 15. OTHER CURRENT ASSETS Particular a. Others Secured, considered good TDS Receivable Advance to Suppliers Input Service Tax Accrued Interest Others Total As at 31 March 2012 As at 31 March 2011 As at 31 March 2012 As at 31 March 2011 0.00 0.00 As at 31 March 2012 As at 31 March 2011

Ltd
Notes forming part of the financial statements as at and for the year ended March 31, 2012 16. REVENUE FROM OPERATION Particulars Sale of Media Space Sale of services Total Less: VAT Service Tax Total 17. OTHER INCOME Particulars Interest Income Other non-operating income Total For the year ended 31 For the year ended 31 March 2012 March 2011 For the year ended 31 For the year ended 31 March 2012 March 2011

18. EMPLOYEE BENEFIT Particulars (a) Salaries and incentives (b) Contributions to (i) Provident fund (c) Gratuity (d) Staff welfare expenses Total 19.FINANCE COSTS Particulars Interest expense Total For the year ended 31 For the year ended 31 March 2012 March 2011 0.00 0.00 For the year ended 31 For the year ended 31 March 2012 March 2011

20. OTHER EXPENSES Particulars Printing & Stationery Power & Fuel Repairs & Maintenance Others Rent including Lease rentals Insurance Expenses Legal & Professional Charges Share Issue Expenses Communication Expenses Travelling & Conveyance Expenses Auditors' Remuneration Bank Charges Office Maintenance Security Cost Advertisement and Marketing Royalty Loss on Sale of Fixed Assets Bad Debts Written off Exchange Fluction Loss/(Gain) Conference and Training Other Expenses Total For the year ended 31 For the year ended 31 March 2012 March 2011

LTD 8. FIXED ASSETS

Fixed Assets Balance as at 1 April 2011 ` a Tangible Assets Buildings Furniture and Fixtures Office equipment Computers Airconditioners Total Previous Year b Intangible Assets Brands /trademarks Computer software Total Previous Year Total Previous Year Additions/ (Disposals) `

Gross Block Acquired through business combinations ` Revaluations/ (Impairments) ` Balance as at 31 March 2012 `

Accumulated Depreciation Balance as at 1 Depreciation April 2011 charge for the year ` ` Adjustment due to revaluations ` On disposals ` Balance as at 31 March 2012 `

Net Block Balance as at 1 April 2012 ` Balance as at 31 March 2011 `

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Limited Cash Flow Statement for the year ended on 31st March 2012 Year Ended 31st March'2012 A Cash Flow from Operating Activities Net Profit Before Tax and Extraordinary items Adjustments for : Interest & Finance Chgs. Depreciation Profit/Loss on Sale of Assets (Net) Operating profit before working capital changes Adjustments for : Trade and other receivable Loans & advances Trade payables Other payables Cash generated from operations Preliminary & Capital Issue Expense w/off Taxes Paid Net Cash from Operating Activities Cash Flow From Investing Activities Purchase of Fixed Assets Capital Work in Progress Advance against Investment Purchase of Investments Sale Proceeds of Assets Net Cash used in Investing Activities Cash Flow from Financing Activities Capital Issued Securities Premium Account Loans Taken Interest Paid Net Cash from financing activities Net Cash used in Cash and Cash Equivalents (A+B+C) Cash & Cash Equivalents (Opening balance) Cash & Cash Equivalents (Closing balance) (Amount in Rupees) Year Ended 31st March'11

2011-12 Cash and Cash Equivalents include: Cash in Hand Balance with Scheduled Bank : in Current Account in Term Deposit (1) 1 Notes : 1 The Cash Flow Statement has been prepared under the "Indirect Method" as set out in the Accounting Standard 3 :Cash Flow Statements" issued by the Institute of Chartered Accountants of India .

2010-11