PRESSMAN Advertising | Public Relations | Digital | Design Pressman Advertising Limited Annual Report 2015-16PRESSMAN ADVERTISING LMTED PRESSMAN Corporate Information Board of Directors Dr Nien Suchanti, Chairman and Managing Director Mr Navin Suchanti Ms Sujata Suchanti Mr Ajit Khandelwal Mr Sushil Kumar Mor Chief Financial Officer CAB G Pasari Company Secretary & Compliance Officer MrT K Banerjee Auditors Singhi & Co., Chartered Accountants (Firin Registration No. 302049) 161 Sarat Bose Road Kolkata 700 026 Bankers Axis Bank Ltd Allahabad Bank State Bank of India HOFC Bank Ltd Registered Office Pressman House 10A Lee Road Kolkata 700 020 Phone (033) 40310810/11 Email ir@pressmanindia.com CIN: L74140W81983PL.C036495 Registrar & Share Transfer Agent Niche Technologies Private Limited D-511, Bagree Market, 71, B RB Basu Road Kolkata 700 001 Phone : 2235-7270/727 1/3070 Email: nichetechpl@nichetechpl.com Investor Information Website www pressmanadvertising.inANNUAL REPORT 2015-16 Director's Report Your Directors present their Thirty-second Annual Report together with the audited accounts for the year ended ‘18t March, 2016. Financial Highlights ‘The financial results are summarized below Tin ace Particulars Current] Previous Year| Year Teoma Wom operalions and cotherincome 4732.85| 419295, ‘Operating Profit, 613.98] 581.99 Depreciation 5.62] 10.62 Profit before tax 608.32| 571.31 ‘Tax Expenses: ‘Current Tax 200.00 127.00 Deterred Tax o97| 47.35 200.97 | 74.25 Net Profit after tax 407.35] 398.96 ‘Add: Balance brought forward ‘rom last year 1005.95] 976.06 Less: Adjustment on account ‘of Schedule Il of Companies Act, 2013 617, 7415.30 | 7366.85 “Appropriation Dividend 281.79) 258.31 Divider Distribution Tax s737| 5259 TTanstor to General Reserve 50.00| 30.00, Balance carried forward 1024,14| 1005.95 1413:30] 1366.85 Performance ‘The company posted a tumover of € 4782.85 lacs against previous year turnover of € 4132.35 lacs registering a growth of 14.53%. The operating profit increased by 5.50% to ® 613.94 lacs from ® 581.93 lacs last yeat Dividend During the year, your company has paid an interim dividend @60% (& 1.20 per equity share of € 2) on 28,482,848 equity shares amounting to € 839.16 lacs inclusive of dividend cistibution tax of 57.37 lacs. The board has recommended the interim dividend asthe final dividenc. Future Prospects ‘The Indian business and economic scenario is poised for accelerated growth n the coming years and your company is well postioned to take advantage of tis growth. The Company's focus on digital mecia will ensure faster ‘growin. The operational resuts in the fist two morths of the current fiscal year has seen encouraging growth in digital business and itis expected that this trend wil continue. Directors’ Responsibility Statement As stipulated in Section 134(5) of the Companies Act 2013, your Directors subscribe to the Directors Responsibility Statement and confirm as under i. that in the preparation of the annual accounts, the applicable accounting standards have been followed, i, 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 he state of affairs ofthe company at the end of the financial yoar and of the proft forthe period that the Directors have taken proper and sufficient care of maintenance of adequate accounting records in accordance with provisions ofthe Companies Act for safeguarding the assets ofthe company and for preventing and detecting fraud and other itregulartos iv thatthe Directors have prepared the annual accounts (on a going concer basis. that internal financial control has been laid down by the Company and such internal financial control are adequate and were operating effectively {hat ctectors have devised proper system to ensure ‘compliance with the provisions ofall applicable laws and that such systems were adequate and operating effectively Fixed Deposits ‘The company has not accepted or renewed any deposits uring the year Directors Mr Alt Khandelwal (DIN:00616445) retires and being lige for reappointmentis apponted as an Independent Director for a period ofS years effective 27th September, 2016 subject to approval of members at the ensuing ‘Annual General Meeting Your Directors state that Mr Ajt Khandelwal who i proposed to be appointed as Independent Director possess appropriate balance of sills, expertise and knowledge and is eminently qualified for appointment as Independent Director. Mr Ajt Khandelwal has given a declaration that he meets the criteria of Independence as lid down in SectionPRESSMAN ADVERTISING LIMITED PRESSMAN 1149(6) of the Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Dr Niren Suchanti (DIN:00809888), Chairman and Managing Director, is not drawing remuneration wes. 1st March, 2016, However, he continues to render his services as Chairman and Managing Director. Conservation of Energy, Technology Absorption, Foreign Exchange Earning and Outgo ‘The operations of your company do not require energy consumption of any significant level. The Company does not use any imported technology. Therefore, information regarding conservation of energy and technology absorption as under Section 134(3(m) ofthe Companies ‘Act, 2013 read with rule 8 of the Companies (Accounts) Rules, 2014 isnot annexed. Foreign Exchange Earnings :€ 17.27 lacs Foreign Exchange Outgo = 9.59!lacs Listing Requisites ‘The shares ofthe company are listed on BSE, NSE and Calcutta Stock Exchange. Listing fees for the year 2016 -2017 have been paid to all the Stock Exchanges. Number of Board meetings held ‘The Board of Directors met si times during the financial yar from 1st Apri, 2016 to 81st March, 2016 as follows: 26th May, 2015, 22nd July, 2015, 14th November, 2015, 25th January, 2016, 12th February, 2016 and 7th March, 2016. Auditors Mis Singhi & Co., (Firm Registration No 3020496), the retiring Auditors have expressed their desire to seek re-appointment atthe ensuing Annual General Meeting Board evaluation Pursuant tothe provisions of the Companies Act, 2013, and Listing Regulations, a Board Evaluation Policy has been put in place ‘The process of review of Non-Independent Directors and the Board as a whole and also its committees were Undertaken ina separate meeting of Independent Directors without the attendance of Non- Independent Directors and members of the management, At the meeting, tne performance of the Chairman of the Company was reviewed taking nto account the views of the Executive Directors and Non-Executive Directors and Independent Directors. The meeting also assessed the quality, quantty ‘and timeliness ofthe flow of information requited for the Board to perform its duties properly The Board of Directors separately evaluated the performance of each of the Independent Directors. The concerned Independent Director did not participate in the meeting The Directors have expressed their satisfaction with the ‘evaluation process. Based on the findings from the evaluation process, the Board will continue to review its procedures and c*ffectiveness in the financial year ahead with a view to practising the highest standards of corporate governance. Material changes and commitments No material changes and commitments affecting the financial postion ofthe Company occurred between the fend of the Financial Year to which these financial stalements relate and the date ofthis report. Secretarial Audit In pursuance of Section 204 of the Companies Aet, 2013, € practicing company secretary has submitted the ‘Seorotvial Auct Report forthe yoar ended 31st March, 2016 and the same is annexed and form part of this ‘annual port. Corporate Social Responsibility The Company has constituted Corporate Social Responsibility (CSR) Committee. Various option were under active consideration ofthe comnmitee to undertake the CSR expenditure in terms of Section 125 of the ‘Companies Act, 2018, Pending final decision inthis matter, the company has decided to depost the eligible amount ‘of 7.79 lacs forthe financial year 2014-15 and & 11,60 lacs for the financial year 2015-16 in a soparate.txed epost account wt abank'o be uted for CSR projects. Corporate Governance Since the paid up equity share capital of the Company is below Rs.10 orore and net worth is below 225 cxor, the Corporate Governance cade pursuant to Regulation 27 ofthe Listing Regulations isnot applicable in terms of Regulation 15(2) of tho Listing Regulations. Familiarization program for independent directors The details of waining and familiarization program is uploaded on the website of the company hitp:/lwmwpressmanacvertsing.inidownloadiPolicy: Familavisation-programme patANNUAL REPORT 2015-16 Policies We seek to promote and follow the highest level of ethical standards in all our business transactions guided by our value system, The SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 mandated the formulation of certain polices for al listed companies. All our corporate governance policies are available on our website ‘www.pressmanadvertising in. The policies are reviewed periodically by the Board and updated based on need and new compliance requirement, In additions to its Code of Conduct and Ethics, Key policies that have been adopted by the Company are as follows: Name of Polley Brief description ‘Web link Vig Mechanism the year 2016. ‘The company has adopted the vig mechanism for directors and employees to report concems about unethical behavior, actual or suspected fraud, of violation of the Company's code of ‘conduct and ethics. There has been no change to the said policy adopted by the Company during http:iwww pressmanadvertising inj ifany Tyran Susan ‘Saary and perqusies | Fron 05072013 | “1758 per annum Fam | O5o72015 | — Ni Chairman & Managing Drei 90407 2018 or aaborsta 20002016 Pressman Properes id [Ralaraifoe pace | Papel 3.80 per serum area | Cos ot Asterina 50 per anna rossi Realy ent for fen space | Perptil 780 per srr ooze |W Cost ot Aavertsng 1.48 per sreur Fava Communicators 0S | Goat of Adverng Te parrequrarent | O23 per annum mae | upto 15012016) Srelars Hot Ld oss akarenataionsis| Asparrequrerari | Asperpublcalonrale | ovoa2012 | Ni ews papers, magaies ‘gal aavriing a al types otacvertsing sr design services We Navn Soar ‘Sing Fee Board and Droste Conroe meetings) 030 par nnn 14082013 | _i 5 G Pasar Sakryand perqustes | Protessonal 1738 perarnuth vsar2ors [Ni Chit Finan tee WT KBaneree aay Prteoral Sagara vaca | Na Cons Sezer * DrNren Suharto raving eruerton wal el March, 276, However he corcues render Ws serves as Calman and Managing DearANNUAL REPORT 2015 EXTRACT OF ANNUAL RETURN Financial year ended on 31st March, 2016 Form MGT 9 [Pursuant to Section 828) ofthe Companies Act, 2019 anc rule 121) of the Companies (Management and Administration) Rules, 2014] T REGISTRATION DETAILS [on TravaOWETSESPLOOGEAGS | Rogisvation Dato 04.07.1985 iy_| Name of te Company PRESSMAN ADVERTISING [TD is) | Categoryisub categary ofthe Company Non-Govt Indian Companiy having Share capital js) | Address ofthe Registered office and contact datas Pressman House, 10A Lee Road Kalkata 700 020 Ph 038-40310810 ax:099-40910813 fal_| Whether sted Compan Yes (Listed in NSE, BSE & OSE) iy | Namo, dross ani contact details of Registrar ana Niche Technologies Pvt Lid Transfer Agent, any 0.511 Bagreo Market, 71 BR Basu Road, Kolkata 700001 Ph 039-2235 7270 Fax: 038-2218 6823 ‘e:nichetechpl@nichotechpLcom Il, PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY INO Name and Description of NIC Code ofthe productservice] ‘of olal tinover main products/services ofthe Company 1_|_ Aivertsing, PR and alled services 73109 109) Il, PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES SINo | Nameand Address | CINIGLN | Holding/Subsidlary/ | + of shares held | Applicable section of the company Associate 7 Ni Ni Ni Ni Ni IV, SHAREHOLDING PATTERN (Equity Shar i) Category-wise Share holding Capital Breakup as percentage of Total Equity) Category of Wo of shares held atthe io of shares held at % change shareholders beginning ofthe year the end of the year during the year Dernat | Physical] Total [%oflolal| Demat] Physical] Toial [wottotal ‘snares ‘shares la: Promoters (a) nian layindividual |raozoves| _ni_fraozores| 0.70 |rao2ore5| _ni_| r¢0z0r8s | 59.70 NI p) Cental Govt] NI | NI [NE Ni Ni wit Nt [_ Ni Ni la StaeGoa_[ Ni | _Ni_| Ne Ni Ni Ni [i Ni la) Bosies Corp | 1576785 | _Ni_|te767«5 | 6.71 | ie7eras| _Ni_| 17675 | 6.71 Ni Je) BanksiFvany| other wi | ont ni wi Ni Nit wi [ni Ni [Subsotar ca) 0) jsseosa0| _nu_|rese00a0] 66.41 | 5590030] nu_| 15596900] 65.41 NuPRESSMAN ADVERTISING LMTED PRESSMAN Category of No of shares held atthe Wo of shares held at %e change shareholders beginning of the year the end of the year during the year Demat | Physical] Total [seoftotal | Demat | Physical | Total | %oftoil shares shares 2) Foreign ay Ar Individuals wa [om | on [on fom fo fo fon Ni By Other Individuals mi {mw | ow | om foe fo fo | Ni e)BodiesCorm[ ni | Nt | wi [ont {one [mi [mu [Ni Ni a)eanciet [wi | wi | ww [wr | wv |__| nw [Ni NI anyother [Ni | Nt | Ni [wt | ni_| ni | Ni | NE Nil ‘Sub-total we wi {om | fo foe fo fo Ni Tota! shareholding jrsso0s0] nin |ss96s0] 6641 |rssoq90] Ni | 15596020] 60.41 Ni 3. Publi Shareholding "Institutions ‘a Mutual unde] NI a800 | e500 | a0 | Ni | e800 | e000 | oom Ni pyBanksie_ | 440 | 926 | 1808 | oor | 40 | see | 1988 | 001 Ni e)Gonval Gove] NI | Nt | NT [Nt | Nt |_Ni_|_NU_| NE Ni @/SiatleGot | wr | Ni | Nv] wr | Nr [Ni | Nv | NW NI @) Venture Capital Funds | wu | ont | owt | ont | om | oma | om fn Ni Tinswranceco.| NT _[ NT [NI | NT | Nt | NT] NI NT Ni Oris wp Np fof of oN) oN Ni 1) Foreiga venture Capital] ni | oni | xu | nn | ont | wt | mi | na Ni 1) Funds others (specty) moo | on {om fom foe fo fo Ni Subtotai@ayq| 440 9725 | roves | aos | ao | 97e5 | i068 | 005 Ni 2Non- Institutions a) Bodies Corp Dindian [arene | saoor [assea0s | aes | seaveo | e760 | eteaz0 [262 zo) ioverssas| NI | Ni | NT] Ni | Ni [Ni | Ni | NI Ni Dyindivdaae | Wtf Nt [Nr [Nt] Nt] Na] nN Ni pinawduale shareholaors| hleing nominal share capital uptoz tian |2602sas | 2eoaeve|siacoas | 22.08 | aos7eat | aaseers | evoseas | 20.56 648ANNUAL REPORT 2015 Category of Wo of shares held atthe No of shares held at % change shareholders boginning ofthe year the end of the year ing the year Demat [Physical] Total | %attoial| Demat [Physical | Total | softotal shares: shares: iy vidal shareholders holding nominal share capital in excess of Tt ke 26000 | ni | 126000} 053 | 200000} na | 200000] oes oe ©) Others (sooty) navocss | 7017 | aa7er | r59214 | 67 | 115593 | e7797 | 203090) 070 086 Trust mi | tae | tae | 000 mi | tae | 12 | 00 0.00 Clearing Mem | 71007 | _ni_| 71007 | oso | tsotes | wi _| 150163 | 084 oa ‘Sub totaly (2):| 5286163 | 2590580 | 775747] 3354 | s2es5e7| 2590160] 7a7s7a7| 30.58 Nil Total Publie shareholding @)=@+ 2) 5236808 | 640310 | 7saso1s| 3359 | seseoa7 | 2500886] 7saso13| 33.50 Nit Shares heia| by Custodian for GDRS & ADRS mi fone fone | on i Ni wi | sa Ni Grand Total 4B+c) —_fosss5sa] 2549510 |2s482845] 100.00 | 20882057] 2590886 | zs48z8as]_100.00 Nil i) Shareholding of Promoters i] Shareholders Shareholding atthe ‘Share holding at the % change in| No. ° yams beginning ofthe year ‘ond of the year shareholding during the year No of shares] % oftota [5 ot Sharos| No ofshares] % of otal % of Shares Shares ot | pledgeaien shares of | pledgedien the | ‘cumbered ‘te | ‘cumberea company | “total Company | “to otal shaves shares 7 [Bren waa | ee wi | Savane | a2ee NI Ni Suchant 2 [Navin Suchanti | sosooe | 21.58 wi__| sosoa0e | 2156 Ni Ni 3 [Suiata Suchans | vvossve | 725 ni__[ tosses [726 NI Ni @ [Pramina Suchanil ves072 | 6.26 Ni | teoree [826 NI Ni @ | Pressman oar | 390 wi | wear a00 Ni ti Properties Lit @ | Pressman Realy La cores | 202 ni | eoress | 202 Nu Nu tar ysseesa0 | 6641 wi__[ 15506000 [est Ni NiPRESSMAN ADVERTISING LMTED PRESSMAN li) Change in Promoters’ Shareholding (please specify If ther ‘There is no change in the Promoters’ Shareholding during the year sno change) |v) Shareholding Pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRS and ADRS) sr For each of the ‘Shareholding at the beginning ‘Shareholding atthe No. ‘Top 10 Sharahaldors ‘of the year. ‘ond of the year Noatshares ]%olteia shares of] No ofsharas | % otal aharos o7 the Company the Company 7 | Waren Tea Ld 2000000 asi : 2 [Ait Prasoon Bhatt 726000 054 3 | Swastka Investment id 52730 022 z 4 | Wiliamson Financial Services Lid 47000 020 47000 020 5 | Rajesh Kumar 44000 019 : 6 | Chandrashexar Manali Gaonkar 40829) oar : 7 | Sulla Ghandrashokhar Gaonkar a0150 oa : 8 | SOI investments Lia 40000 oar +0008, 7 9 [Alay Bhaskar Pall 39000 a6 : 10 Uday Ramesh Shah 36000 76 : 17 | Shri Gautam Ghandhar Advisors LLP z z 129827 055 12| Seema Jain : : 700000 048 13 | Surendra Karvar Jain 5 5 700000 oa 18 [Banhem Stock Broking Pvi Lia z z 70277 030 15 | KM Jain Stock Brokere Pvt Lid 5 5 50000 021 16 | Dipesh Bhalzhandra Trvedh : : 50000 021 17 [Chanchal Kumar Jain 5 5 745000 19 18 | Nazima Ladha : : 0904 a7 Shareholding of Directors and Key Managerial Personnel SI] ForEach ofthe Directors andlKMP | Shareholding at the beginning | Shareholding atthe No. ‘of he year ‘end of the year Tio of shares] of tolal shares of| No of shares | % of total shares of the Company’ the Company 1 |r Nien Suchand [Chairman & Managing Director AL the beginning of te year sa12216 2282 5212216 2262 [Attne ond ofthe year 5912216 22.82 5912216 22.82 2 [is Sujata Suchana Director At the beginning of te year 1706388 728 706308 728 [At tne end ofthe year 1706538 726 1706338 726 3 [Mr Navin Suchant Director At the Beginning of te yoar ‘so60a02 2155 ‘sos0a02 21.55 [At tho ond ofthe yaar 5060902 2185 000302 2155 4 [Ait handebwar Diroctor JAtthe beginning ofthe year NI NI NI wi [At tne end ofthe year NI NI Ni NiANNUAL REPORT 2015 ‘SI For Each of the Directors and KMP | Shareholding at the beginning ‘Shareholding athe Wo. ‘of he year {endl ofthe Year No.of shaves | of total hares of| No of shares] % of total shares a? the Company the Company 5 |r Sushi Kumar Mor Independent Director ‘tthe beginning ofthe year Ni Ni Ni wi ‘tthe and ofthe year Ni Ni Ni Ni 5 [Mr BG Pasar Chit Financial Officer tthe beginning ofthe year 100 0.00 100 0.00 ‘tthe ond othe year 100, 0.00, 100 9.00 7 [MrT K Baneroe Company Secretary [Atthe beginning of he year Ni Ni Ni wit [tthe enc ofthe year Ni Ni Ni Ni V. INDEBTEDNESS The company had no debts atthe beginning ofthe financial year, during the year and atthe end ofthe financial yea. VI. REMUNERATION OF DIRECTORS AND KEY MANAGEMENT PERSONNEL [A Remuneration to Managing Director, Wholatime Directors andor Manager inte) ‘STWa Particulars of Remuneration ‘Dr Nien Suchanti= TTatal Amount {Chairman & Managing Director 7 Grove Salary {a} Salary as por provisions contained in 1650 Seation 17(1) ofthe Income Tax Act, 1961 (b) Value of perquistes u's 17(2) 1.08 (6) Profits in ieu of salary under Section 17) of 1758 the Inoome Tax Act, 1961 z ‘Slack Option 3 ‘Sweat Equity 4 ‘Commission = as %of prof 1 others, epecity z ‘Gihers, please specty Total®) 1788 T7s8 [cotngas | © 48.77 cs (being 11% of he net prott of he Company calculated as per Section 198 of the perthe Act] Companies Act, 2013) * Dr Niron Suchant isnot drawing remur Chairman and Managing Diector. ation wet. 1st March, 2016. However, he continues to render his Services as 10PRESS SSMAN ADVERTISING LIMITED PRESSMAN 8. Remuneration o other Director feintacs) [ine[ Particulars of Remuneration Name of Direstors Tal WeSuaie | We Navin | WAR | WrSuana_] Amount ‘Suchant’_ | Suchant_| randelval | Kumar Mor Independent Decors + Fee for attending boardizommitton - - 030 oso | 060 meetings + Commission : : : + others, please specty : : : Total), = 5 0 a CC) 2 | Other Non-Executive Decors + Footorattonding boardicommitee | 015 020 04s meetings + Gommission - : . + orhers, please speciy - - : Teta (2) as 330 3a Teal 9) a5 030 a0 330 05 C. Remuneration to Key Managerial Personnel ther than MONWTDIManager in wes) siWe. Particulars of Remuneration MrB.G Pasar Mr TKBaneries | Total ChiotFinancialGiicer | company Secretary | Amount 1 | res Salary (0) Salary s pr provisions contained in 7082 030 r792 Seaton 17 (1) ofthe Income Tax Act. 1961 (&) Value of percuistes is 1702) os om (©) Profs i feu of salary under Seaton 176) of the Income Tax Act, 1961 - Z_| Stock Option 5 3 | Swoat Equity 5 z =| Commission as % of prot others specty : - 5_| Others please specify : Total) 1734 030 eae VI PENALTIES /PUNISHMENT/ COMPOUNDING OF OFFENCES Type Section of the | Bret Description | Detale of penaliy ‘uorty | Appeal Companies Ret Punishmenticompounding | [RDINCLT/ | made, any fees imposed Court] _| (give details) ‘A. COMPANY Penalty Punishmenconpounang Nene 8 DIRECTORS Feral ParahmaniCarpaunars | Tere OTHER OFFICERS IN DEFAULT Penaly/PunishmentCompouncing Nore "ANNUAL REPORT 2015-16 Management Discussion and Analysis Report Industry Structure and Development, Opportunities and Threats ‘The Indian advertising industry has evolved from being a small-scale business toa fullfledged industry. The Indian advertising industry is projected to be the second fastest growing advertising market in Asia after China. The Indian government has given tremendous support to the advertising and marketing industry. Advertsing expenditure is likely o increase inthe financial sector, dirven by Reserve Bank of India (RB) polices which could resultin a more favourable business environment. Also, proposed licences for new banks and better market sentiments render the advertising and mavketing industry in inci a trite space. India's advertising industry is expected to grow ata rate of 168 percent year-on-year to€ 51,365 crore (USS 7.54 billon) in 2016, buoyed by postive industry sentiment and a strong GDP growth of75 per cent and above, Road Ahead ‘The advertising and marketing sector in Indias expected toenjoy a good run E-commerce companies are expected to dominate marketing trends in 2015. Growth is expected in retail advertisement, on the back of factors such as several players enterng the food and beverages segment, «-commerce gaining more popularity in the couriry, and domestic companies testing out the waters. The rural region is & potentially proftable target. For instance, in the automobiles sector, the focus of two-wheelers on rural areas could mean more launches and more advertising spends. The telecom sector could see growth as well, driven by better smariphone penetration and service providers cutting down on prices. Business Overview ‘The company's business has four major segments Advertising, Public Relations, Design and Digital. The business is carried out through a network of offices and representatives located in Kolkata, Mumbai, Delhi Bangalore, Chennai, Hyderabad, Bhubaneswer, Nagpur, Siliguri and Patna Performance Overview ‘The Company posted revenue of €4732.85 lacs and Operating Profts of 618.94 lacs dung the year. Business revenues are derived from a mix of advertising, public relations, design and digital services. 2 Opportunities & Threats Opportunities: The business of the company is well ‘establshed wth services being providedto alarge number of blue chip cients. With the growing importance of ‘communication in business, the company can look forward to good growth opportunites. Threats: The company’s business isin ahighl compettve sector with a large number of players ranging trom giant ‘multinationals to smal local players. This has led to intense competition and severe erosion in margins. However wit is strategy of pursuing mutiple growth divers and € strong focus on customer satisfaction, the company should be able to tacke the challenges. Risks and Concerns Rising overheads and increased operational costs pose a significant challenge. However, cue tis niche positon in several areas of business, the Company is able toimit the pressure of cost increases. Adequacy of internal controls, ‘The Company, through infomal controls, aims at achieving ‘operational ficiency and optimum resource utlization. The Company ensures stct adherence compliance wth all the applicable laws and regulations. A qualified and independent Audt Committes of the Board, comprising non executive directors, reviews the compliance process {and adequacy of internal controls Human Resources ‘The Company has a team of experienced professionals ‘and believes that will achieve substantial and diversied ‘roth inthe coming years. The total number of permanent ‘employees i 5. Disclaimer Gertain statements made in this report relating to the Company's objectives, projections, outlook, estimates, ‘tc. may constitute forward looking statements’ within the meaning of applicable laws and regulations. Actual results may difer rom such estimates or projections etc. whether expressed or implied. Several factors including but not limited to economic conditions affecting demand ‘and supply, government regulations and taxation, input prices, exchange rate fluctuation, etc, over which the ‘Company does not have any direct conto, could make 2 signficant difference to the Company operations. The MD8A should be readin conjunction with the Company's, financial statements included herein and the notes theretoPRESSMAN ADVERTISING LIMITED PRESSMAN ‘Arup Kumar Roy Practing Company Secretary 201 Sarat Bose Road Kola 700 029 Phone 088-2469 5197 M 9881687785, ‘arupk@redtimaileom Secretarial Audit Report for the Financial Year Ended 31st March, 2016 [Pursuant to section 204(1 ofthe Companies Ac, 2013 and rule No. of re Companies (apooniment and Remuneration Personnel Rules, 20°4) ‘The Members, Proseman Advertsing Limited Prossman Houso, 108 Loo Road Kolksts- 700020 | have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Pressman Advertsing Limited Scrotavial Aust was conducted n'a manner that provided me a reasonable basis for evaluating the corporate Conduets/statutory complances and exoressing my opinion thereon, ‘Based on my vetcstion of Pressman Advertising Limitea’s books, papers, minuto books, forms and retums fled and other records maintained by the company and also the Information prev by tho Company, fs ofcors, agents ans authorized representatives during the conduc of secretaral uci, Inereby ropert that in my opinion, te company has, uring the audit period covering the ‘nancial year ended on Sis: Maren, 2016 compled withthe sattory provisions Isted hereunder and also that the Company has proper BSoard- prosesces and complance-mechanism in place tthe extent, Inthe manner and subject to the reporting made hereinalter 1) have examined the books, papers, minute books, forms land returns fled and other records maintained by ‘ne ‘Company fre nancial year ended on Sst March, 2016 according ta the prowsions of () Tho Companies Act, 2013 (the Act) and the rules made thereunder (The Securties Contracts (Regulaton) Act, 1956 (SCRA) And tho rules madi thereunder; (i) The Depostares Act, 1996 anc the Regulations and Bye- laws framed thereunder, (wv) Foreign Exchange Management Act, 1989 and the rules landragulatons made tore under to the extnt of Foreign Direct Investment Overseas Direct Ivestment and External Commercial Borranings ;-Not Applicable to the company luring the Aut Period (0) The following Regulations and Guidelines prescribed Under the Securtios and Exchange Board of Inia Act, 1902 (SEBI Act) (a) The Securties and Exchange Board of Inca (Substantal ‘Acquistion of Sharas and Takoovors) Regulations, 2011 The Securiiss and Exchange Board of India (Prohibition of insider Fading) Regulations, 2015 (6) The Securties and Exchange Board of India (Issue of Capital and Disclosure Roqurements) Rogulaions, 2008; The Securities and Exchange Board of India (Employee ‘Stock Option Scheme ana Employee Stock Purchase ‘Schome) Guidelines, 1898 -Not Applicable tote company ‘uring the Aucit Period, ©) c) (©) The Secures ana Exchange Boars of inca (issue and Listing of Debt Secures) Regulations, 2008 = Not ‘Aoplcabet the company during the Aus Peto (0) The Secures and Exchange Board of india Registrars to.anlsoue and Share Taser Ages) Repustons, 1983 regarding te Companies Act ane dealing wih cen (@) The Secures ane Exchange Board of cia Deksting of Equity Share) Regulations 2009; No Applcadle to he company ding th Audt Petes. and ‘Te Secures and Exchange Board of naa (Buyback of Secures) Rogulatons.1986 = Not Applicable To the company during th Aust Pros 2) Ihave also examined compliance with the apaticable elausos of he flloning (0. Secretarial Standards isued by Te Insts of Company cralaes of naa {W The sting Agroomontsanserd into bythe Company wth Bombay Staak Exchange (BSE) Caleta Stock Exchange (CSE) ara National Stook Exchange(NSE}. 2) IRethor report tat the Boar of Drctr of he Company is duly consttuted wih proper balance of Execuve Directors, Non-Execuive Directors and Independent Dheciors. The changes inthe eompostion ofthe Board of Directors hat to pace curing te plod uncer eve ‘wor camrad outin compliance wth tho praiions athe fet 4) Adequate noice is given oa rectors to schedule ho Board Mestre, agenda and detaled notes on agenda were sent al least seven days in advance, and a sysiom Suits for seeing and obtaining furtnerIrfrmatin and Stareators on he agonda toms before the mating for meaning parcinaton atte meeting 5) Majerty decisions cared through wale the dsering members iow ate cantured and recorded as pat oe minutes. 6) Yurthorroport that thore are adoquato systems and processes in the compary commensurate mi! sa find operations ofthe company to montor and ensure amplance with appicable laws, ulus, regulations and suilnes 7) turher report that during he aust period he company has 48) declared dividend curing the yeat and al relevant prowsions were compod wih ©) complied wih the provisions. under Section 206 of he Companies Ret 2013 in respect of appartment of Secratarial Auditor for conducting Socretaral Aust. ARUP KUMAR ROY ‘ACS No, 6784 CP No. 9597 Kolkata 80th May, 2016 13ANNUAL REPORT 2015-16 Independent Auditor's Report ‘othe Members ofthe Pressman Advertsing Limited Report on the Financial Statements We have audited the accompanying financial staternents of PRESSMAN ADVERTISING LIMITED (the Company’) Wiich comprise the Balance Sheet as at 31 March 2016, the Statement of Profit and Loss and the Cash Flow Statement and a summary of significant accounting policies and other explanatory information for the year then ended Management's Responsibility for the Financial Statements. ‘The Company's Board of Directors is responsible for the matters stated in Section 184(6) of the Companies Act, 2018 ("the Act’) with respect tothe preparation of these financial statements that give a true and {air view of the financial postion, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the ‘Accounting Standards specified under Section 133 of the ‘Act, ead with Rule 7 ofthe Companies (Accounts) Rules, 2014. This responsibilty also includes maintenance of adequate accounting records in accordance with the provisions othe Act for safeguarding ofthe assets of the ‘Company and for preventing and detecting rauds and thor regulates: selecton and application of appropriate accounting policies; making judgments and estimates, that are reasonable and prudent: and design, implementation and maintenance of acequate internal financial controls, that were operating effectively for {ensuring the accuracy and completeness ofthe accounting records, relevant tothe preparation and presentation of the financial statements that give a tue and fae view and are tree from materal misstatement, whether due to fraud ‘Auditor's Responsibility ur responsiblity ig to express an opinion on these financial statements based on our audit. We have taken into account the provisions ofthe Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provsions of the Act and the Rules made thereunder ‘We conducted our auait in accordance with tre Standards ‘on Auditing specified under Section 143(10) of the Act. ‘Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain, reasonable assurance about whether the financial statements are free from material misstatement, 4 ‘An aucit involves performing procedures to obtain aucit ‘evidence about the amounts and the disclosures in the ‘financial statements. The procedures selected depend fon the auctor’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or ero. In making those risk assessments, the aucltor considers internal financial control relevant to the Company's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting polices used and the reasonableness ofthe accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial statements. We believe thatthe audit evidence we have obtained is sufficient and appropriate to provide a basis for our ‘qualtied audit opinion on the financial statements. Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information raquired by the ‘Actin the manner $0 required and give a true and fair View in conformity withthe accounting principles generally accepted in India, of the state of affairs of tre Company {at 31 stMarch 2016 and its profit and its cash flows for the year ended on that date. Emphasis of Matter Attention is drawn to Note no.9 regarding recognition of Deterred Tax Asset amounting to Rs.12,27,729)- which is. based on future profitability projections made by the ‘company. Our opinion in this regard is not qualified Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Aucitor’s Report) ‘Order, 2016 ("the Order’) issued by the Central Government of India in terms of sub-section (11) of section 148 ofthe Act, we give in the Annexure Aa Statement on the matters specified in the paragraph Sand 4 of the Order 2. As required by Section 143 (3) of the Act, we report that 1, We have sought and obtained all the information and ‘explanations which to the best of our knowledge and belief were necessary for the purposes of our auclt », In our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;PRESSMAN ADVERTISING LIMITED PRESSMAN 6, The balance sheet, the statement of profit and loss and the cash flow statement deatt with by this Report are in agreement with the books of account 4. In our opinion, the aforesaid financial statements ‘comply withthe Accounting Standards spectfied under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014; «©. On the basis of witten representations received from the directors as on 31st March 2016 and taken on record by the Board of Directors, none ofthe directors. is disqualified as on 31st March 2016 trom being appointed as a director in terms of Section 164 (2) of the Companies Act, 2013; 1 With respect to the adequacy ofthe internal nancial Controls over financial reporting of the Company and the operating effectiveness of such controls, refer to ‘our separate Report in Annexure 8, and {9 With respect tothe other matters to be included inthe Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our ‘pinion and tothe best of our information and according to the explanations given to us: iL According to the information and exolanation given to us there is no pending Itgations having impact on is financial positon in its financial statement. ii The Company did not have any long-term contracts including dervative contracts for which there were any material foreseeable losses. ‘According tothe records ofthe company, no amount is required to be transferred tothe Investor Education ‘and Protection Fund during the year For Singhi & Co, Chartered Accountants Firm Registration No 302049 ‘Sankar Bandyopadhyay Partner Kolkata, 20th May, 2016 Membership No.008280, Annexure A to the Independent Auditor's Report Referred to In paragraph 1 under the heading “Report fon other legal and regulatory requirements” of our report of even date Re: Pressman Advertising Limited (the Company’) | Inrespect of ts fixed assets: (@) The Company has maintained proper records showing in most cases, full particulars including {Quantitative details and situation ofits xed assets. (0) The fixed assets of the Company have been physically verfied by the management. he frequency ff which in our opinion is reasonable. According 10 the information and explanations given to us no material discrepancies were noticed on such veriication ©) According tothe information and explanations given ‘0.us and on basis of our examination of records of the Company, no immovable property Is held by the company. No Inventories were held by the company at the close ofthe year and hence the requirements of suo clause (a) to (c) of clause (i) of the order are not applicable IIL In our opinion and according to the information and explanations given to us, the Company has not granted any loans, secured or unsecured, to ‘Companies, frms or other partis iste in the Register maintained under Section 189 of the Companies ‘Act, 2018. Therefore, clauses (i) (a) and (i) (b) of Paragraph 3 of the Order are not applicable to the ‘Company IN. Inour opinion and according to the information and ‘explanations given tous, the Compary has complied with the provisions of section 185 and 186 of the ‘Act, wih respect to loans, and investments made. \. According tothe information and explanations given tos, the Company has not accepted any deposits ‘rom public curing the year within the meaning of ‘sections 78 o 76 or any other relevant provisions of the Companies Act, 2012, VI. According tothe information and explanations given to us, the requirements of mantenance of cost records under Section 148(1) of te Companies Act, 2013 is not applicable to the company during the year VI. According tothe information and explanations given to us in respect of statutory dues: (a) The Company has generally been regular in depositing undisputed statutory dues, including Provident Fund, Employees’ State Insurance, Income: tax, Sales Tax, Wealth tax, Service Tax, Duty of Customs, Duty of Excise, Value Added Taxes, Cess and other statutory dues with the appropriate 8ANNUAL REPORT 2015-16 authorities. According to the information and ‘explanations given to us, there are no undisputed statutory dues outstanding fr a period of more than six months from the date they became payable, as per books of accounts as at $tst March, 2016. (©) According tothe information and explanations given, tous, there are no duas outstanding of Income Tax, Sales Tax, Service Tax, Customs Duty, Excise Duty and Value added tax on account of any dispute Vil. According tothe information and explanations given tous, the company neither had any dues to banks, financial institutions or government nor issued any debentures, IX The company has not raised any money by way of intial public offeror further pubic offer including dobt instruments and term loans during the year and accordingly the paragraph 3() of the order is not applicable. X. According tothe information and explanations given, to us, no material fraud by the Company or on the Company by its officers or employees has been noticed of reported during the course of our aucit XL. According tothe information and explanations given tous, te Company has paid/provided for managerial remuneration in accordance with the sequisite approvals maintained by the provisions of Section 197 read with schedule V of the Act. XIL The company is not a Nidhi Company. Accordingly, paragraph 3(xi) of the Order is not applicable. XIll, According tothe information and explanations given {to us and based on our examination of the records ofthe Company, transactions withthe related patios are in compliance with sections 177 and 188 of the Companies Act, 2013 where applicable and details of such transactions have been disclosed in the financial statements as required by the applicable accounting standards. XIV. According to the information and explanations give tous and based on our examination of the records of the Company, the Company has not made any preferential allotment or private placement of shares br fully or partly convertible debentures during the year, XV. According tothe information and explanations given to.us and based on our examination ofthe records of the Company, the Company has not entered into non-cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order is not applicable ‘The Company is not required tobe registered under section 454A ofthe Reserve Bank of India Act, 1934. xvi For Singhi & Co. Chartered Accountants Firm Registration No 802049 ‘Sankar Bandyopadhyay Partner Kolkata, 2th May, 2016 Membership No.008230 ‘Annexure 'B' to the Independent Auditor's Report Report on the internal Financial Controls under Clause () of Sub-seetion 3 of Section 143 of the Companies Act, 2013 ("the Act”) We have audited the internal financial controls over financial reporting of PRESSMAN ADVERTISING LIMITED (the Company’) as of 81st March 2016 in conjunction vith our audit ofthe financial statements ofthe Company {or te year ended on that date. MANAGEMENT'S RESPONSIBILITY FOR INTERNAL FINANCIAL CONTROLS. ‘The Company's management is responsible for establishing and maintaining internal nancial controls, based on the intemal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of intemal Financial Controls, over Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI). These 16 responsibiltis include the design, implementation and maintenance of adequate internal financial controls that ere operating effectively for ensuring the orderly and efficient conduct of iis business, including adherence to company’s polices, the safeguarding of ts assets, the prevention and detection of rauds and eros, the accuracy land completeness of the accounting records, and the timely preparation of reliable financial information, as requited under the Companies Act, 2013, AUDITOR'S RESPONSIBILITY ‘Our responsibilty is to express an opinion on the ‘Company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Aucit of Internal Financial Controls ove Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAl ‘and deemed to be prescribed under section 143(10) of the Companies Act, 2073, tothe extent applicable to anPRESSMAN ADVERTISING LIMITED PRESSMAN uit of internal financial controls, both applicable to an audit of Internal Financial Controls and both issued by the Institute of Chartered Accountants of India. Those. Standards and the Guidance Note requir that we comply vith ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequato internal financial controls aver financial reporting was established and maintained and if such controls operated elfectively in all material respects (Our audit involves performing procedures to obtain audit tevidence about the adequacy of the internal financial controls system over financial reporting and ther operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgment, ncluing the assessment ofthe risks of material Inisstatement of the financial statements, whether due to fraud or error We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company's internal financial controls, system over financial reporting MEANING OF INTERNAL FINANCIAL CONTROLS (OVER FINANCIAL REPORTING ‘A-company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliabity of financial reporting and the preparation of financial statements for external Purposes in accordance with generally accepted accounting principles. A company’s internal financial Control over financial reporting includes those policies. and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the ‘wansactons and dspostions ofthe assets of the company: (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted ‘accounting principles, and that receipts and expencitures ‘ofthe company are being made only in accordance with authorizations of management and directors of the ‘company: and (@) provide reasonable assurance regarding prevention fr timely detection of unauthorized acquisition, use, oF disposition of the company’s assets that could have @ material effect on the financial statements. INHERENT LIMITATIONS OF INTERNAL FINANCIAL ‘CONTROLS OVER FINANCIAL REPORTING Because of the inherent limitations of internal financial controls over nancial reporting, including the possibilty ‘of collusion or improper management override of controls, material misstatements due to eror of fraud may occur land not be detected. Also, projections of any evaluation ‘of the internal financial controls over fnancal reporting to future periods are subject to the rk thatthe internal financial control over financial reporting may become inadequate because of changes in conditions, or thatthe degree of compliance with the policies or procedures may deteriorate. OPINION In our opinion, the Comoany has, in all material respects, ‘an adequate intemal francal controls system over nancial reporting and such internal financial controls over nancial reporting were operating effecvely as at 31 March 2016, based on the internal contol over financial reporting criteria established by the Company considering the ‘essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India, For Singhi & Co, Chartered Accountants Frm Registration No 802049 ‘Sankar Bandyopadhyay Partner Kolkata, 20th May, 2076 Membership No.008230, 7ANNUAL REPORT 2015-16 Balance Sheet as at 31st March, 2016 ‘eat Beat Notes 31st Mareh 2016 ist March 2015 z z EQUITY AND LIABILITIES ‘SHAREHOLDERS’ FUND Share Capital 2 46,965,686 46,965,686 Rosorves and Surplus 3 185,021,579 Tzar987 265 ‘CURRENT LIABILITIES. Trade Payables = Others 4 31,425,429 44,388,281 Payable to MSME - - Other Current Liabilities 5 9,894,925 4,181,496 Short“Term Provisions 6 31,089,719 Aaa 354 79,654 456 TOTAL 7280.12 H6H1,727 ASSETS NON-CURRENT ASSETS Fixed Assets Tangible Assets 7 1,991,279 2.273.710 Non-Current Investments 8 93,154,348 93,154,348 Deferred tax Assets (net) 8 1,227,729 11324,464 Long-Term Loans and Advances 10 31,794,934 39,470,882 (Other Non-Cureent Assets 1 609,203, 6,199,529 TaBT7T, THATS CURRENT ASSETS. Current Investments 2 55,458,020 59,549,200 Trade Receivables 13 71,795,650 92,513,989 (Cash and Bank Balances 14 22,866,017 14,131,384 Short‘Term Loans and Advances 10 254,269, 2,806,462 (Other Current Assets 1 975,993, 723,873 757,349,959 TeO.216, 785 TOTAL 280.127, 11,681,721 Significant Accounting Policies The Notes are an integral part of the Financial Statements ‘As per our Report annexed For SINGHI & CO. Chartered Accountants Firm Registration No. 302049 ‘Sankar Bandyopadhyay Partner Membership No. 008230 161 Sarat Bose Road, Kolkata 700028 80th May, 2016 18 On behalf of the Board of Directors Dr Niren Suchanti Navin Suchanti Ajit Khandelwal Chairman and Managing Director Director Director DIN: 00909888 DIN: 00273663 DIN: 00416445 BG Pasati TK Banerjee Chiet Financial Officer ‘Company SecretaryPRESSMAN ADVERTISING LIMITED PRESSMAN Statement of Profit & Loss for the year ended 31st March,2016 Year ended Year ended Notes. StstMareh 2016 31st March 2015 z z INCOME, Revenue from Operations 18 467,124,637 401,685,047 Other income 18 6,160,405, 11,549,689 Total Revenue "W73.205,082 “13,238,736 EXPENDITURE Cost of Services v 267,616,881 309,120,027 Employee Benelits Expense 18 23,234,818 24,411,030 Other Expenses 19 21,038,829 21,510,426 Total a17,890.528 © "355,047.483_ Profit before Tax and Depreciation 61,304,554 58,193,253 Depreciation 20 561,909 1,082,364 Profit before Tax Twas eas 57,150,880" ‘Tax Expense: Current Tax. 20,000,000 12,700,000 Deterred Tax 96,735 4,735,801 Profit for the year 40,735,910 39,695,088 Earnings Per Share (Face Value 2) Basic and Diluted a 173 1.69 Significant Accounting Policies The Notes are an integral pat of the Financial Statements ‘As per our Report annexed For SINGH! & CO. Chartered Accountants Firm Registration No. 802049 Sankar Bandyopadhyay Partner Membership No. 008230 161 Sarat Bose Road, Kokata 700026 30th May, 2016 ‘On behalf ofthe Board of Directors Dr Niten Suchanti ‘Chairman and Managing Director DIN: oog08388 BG Pasari (Chief Financial Officer Navin Suchanti Director DIN: 00273663 TK Banerjee Company Secretary Ait Khandelwal Director DIN: 0ost64as 19ANNUAL REPORT 2015-16 Cash Flow Statement for the year ended 31st March,2016 Year ended Year ended Particulars StstMarch 2016 ist March 2015 z z ‘A. CASH FLOW FROM OPERATING ACTIVITIES Net Proft before Tax 60.852.645, 57,130.89 ‘Adustment tor Depreciation 561,909 1.082.364 Interest (1.187.630) (1.319.588) (Protoss on sale of Investments {a970.s86) {8:313.806) Sundry resets (2829) ; Debis writen off now realised > (1.920.314) (Protoss on sale of Fines Assets 1874 Operating Pratt before working Capital changas SEIS mea ‘dustmont fr “ade Rocelvables 20,718.39 (19345820) Other Curent Assets 3.598.292 (181.858) “ade Payables (12957812) Ti49.875 Other Cuter Liabiltes 137.681 30,308 Tsi2.a20 295,189) Cash Generated rom Operations 68,706/529 S964 18 Direct Taxes PaiiRetund (93,575,223) (2336519) Debis writen o!f now realised i 1,920,314 Net Cash trom/(Used in) Operating Activities CASH FLOW FROM INVESTING ACTIVITIES. Purchaso of Fixod Assots 279.478) (261,800) Purchase of Investments (11,782,872) (105,428,445) Sale of Investments 26,838,528 83,486,976 Sale of Fixed Assets Investment n Fed Deposit Interest Receveo 730,000 Net Cash trom/(used in) Investing Activites res.) © CASH FLOW FROM FINANCING ACTIVITIES Dividend including Corporate Dividend Tax paid (64,995,796) (27,473,752) Net Cash trom/used in) Financing Activities (64,995.76) (27 473.752) Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) 478) 2,290,988) Cash and Cash Equivalents at the beginning of the year Gash anc Cheques in nana 193,002 Balances win Scheduled Bank 5,768,302 EL Cash and Cash Equivalents tthe end of theyear Gash and Cheques in nana 120793 Balances with Scheduled Bank 3541613 3.870306 (2.790.998) 1 This statement has been prepared under indirect method as prescribed by ASS 2 Cash and cash equivalen's consists of Cash, Cheques in hand and Balances wth Scheduled Banks in Current accounts 3 Previous year's figures have been regroupedirearranged wherever necessary. [As per our Report annexed ‘On behalf of the Board of Directors For SINGHI & CO. ‘Chartered Accountants Firm Registration No. 302049 DrNiren Suchanti Navin Suchanti Ajit Khandelwal Chairman and Managing Director Director Director Sarkar Bandyopadhyay DIN: 00909388 DIN: 00273663 DIN: o0a16445 Partner Membership No. 008230 8G Pasar Tk Baneriee 161 Sarat Bose Road, Kolkata 700028 Chief Financial Officer Company Secretary 0th May, 2016PRESSMAN ADVERTISING LMTED PRESSMAN Notes to financial statements for the year ended 31st March 2016 1. SIGNIFICANT ACCOUNTING POLICIES 1.1. BASIS OF PREPARATION OF ACCOUNTING STATEMENTS, “The financial statements of the company have been prepared in accordance with the generally accepted ‘accounting principles in india. The company has prepared these financial statements to comply in all material respects with the accounting standards specified under Section 133 of the Companies Act, 2013 read with rule 7 of the Companies (Accounts) ules ,2014 . The financial statements have been prepared on an accrual basis and under the historical cost convention, exceptin case of assets for which revaluation is caried out The accounting policies applied by the Company are consistent with those used in the previous year.” 1.2. USE OF ESTIMATES. ‘The preparation of financial statements in conformity with generally accepted accounting principles in India requites management to make estimates and assumptions that affect the reported amounts of assets and lablities and disclosure of contingent labiliies on the date ofthe financial statements and the results of ‘operations curing the reporting period end. Although these estimates are based upon managements best knowledge of current events and actions, actual results could difer from these estimates. Differences between actual results and estimates are recognised inthe period in which the results are known materialised. 1.3. REVENUE RECOGNITION Reverue trom advertising, public relations and alled services are recognised when the services are rendered land the same becomes chargeable and is net of sevice tax and other statutory dues collected on beh! fof the government. Performance incentives are credited on confirmation. 1.4 EMPLOYEE BENEFITS (@) Conitioution towards pension scheme for eligible employees and provident fund forall employees are provided in the books of accounts and payments are made to the funds administered by Regional Provident Fund Commissioner and independent Board of Trustees respectively. (©) The company has taken a group Gratuity Policy from Life Insurance Corporation of Inia for future payment of retirement gratuity to its employees and pays annual premium on the basis of actuarial valuation. (6) Contibution towards Employees State Insurance for eligible employees are provided in the books of ‘accounts as per scheme. (d) Leave is being given to employees as per rules of the company every year 1.5 FIXED ASSETS (@) Gross Block (Tangible Assets) Flood Assets are stated at cost less accumulated depreciation/amortization. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use, (©) Depreciation and Amortisation Depreciation has been provided using the written down value method as per the useful ie ofthe assets prescribed under Schedule Il of the Companies Act, 2013, (©) Impairment of Assets ‘An impairment oss is recognised whereever the carrying amount ofan asset isin excess of ts recoverable amount. Impairment is charged tothe Profit and Loss account in the year in which an assets identified {a impaired. The impairment loss recognised in prior period is reversed if there is a change in the estimate ofthe recoverable amount, 1.6 INVESTMENTS Investments that are readily realisable and intended to be held for not more than one year from the date ‘on which such investments are made ave classed as curent investments All other Investments are classified as long term investments. Current investments are carted at lower of cost and fair value determined on an individual investment basis. Long term investments are carried at cost. However, provision for diminution is made to recognize a deciine (other than temporary) in the value of investments,ANNUAL REPORT 2018-16 Notes to financial statements for the year ended 31st March 2016 1.7 BORROWING COST Borrowing Costs incurred in relation to the acquisiten, construction of qualfying assets up tothe date such assets are ready for intended use are capitalised as part ofthe cost of such assets, Other borrowing costs, are charged as expenses in the year in which they are incurred, 1.8 FOREIGN CURRENCY TRANSACTIONS. (@) Foreign Currency transactions re recorded inthe reporting currency by applying tothe foreign currency ‘amount the exchange rate between the reporting currency and the foreign currency on the date of the transaction (b) Foreign currency monetary items are retranslated using the exchange rate prevaling atthe reporting date. Non monetary items, which are measured in terms of historical cost denominated in a foreign currency, are reported using the exchange rate atthe date of the transaction. Non monetary tems, Which are measured at fair value or other similar valuation denominated in a foreign currency, are translated using the exchange rate atthe date when such value was determined. (©) Exchange differences arising on the settlement of monetary items or on reporting monetary items of company at rates cifferent from tose at which they were initaly recorded during the year, or reported In previous nancial statements, ae recognised as Income or as expense in the year in which they ars. 1.9 TAXATION Provision for tax for the year comprises current tax liabllty and deferred tax which recognises (subject to the consideration of prudence in case of deferred tax assets) tming differences between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent Periods. Deferred tax assets and liabilties are measured using the tax ates and the tax laws that have been fenacted or have substantive effect of actual enactment at the Balance Sheet dato. 1.10 PROVISIONS: Provisions are recognised winen an enterprise has a present obligation as @ result of past events and itis probable that an outiow of resources will be required to settle the obligation, in respect of which a reliable ‘estimate can be made. Provisions are not ciscounted to present value and are determined based on best estimate required to settle the obligation atthe Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates, 1.11 CONTINGENT LIABILITIES & CONTINGENT ASSETS A contingent iabilty is @ possible obligation that arises from past events whose existence willbe confirmed by the occurrence or non-occurrence of one or mote uncertain future events beyond the contral of the ‘company or a present obligation tat is not recognised because it isnot probable that an outflow of resources will be required to settle the obligation. A contingent labilty also arses in extremely rare cases where there is a liability that cannot be recognised because it cannot be measured reliably. The company does not recognise a contingent liablity but disclosed its existence in the financial statements. Contingent assets are neither recognised nor disclosed in the financial statements. 1.12 EARNINGS PER SHARE Basic eamings per share are calculated by dividing the net profit or loss for the period attibutable to equity shareholders by the weighted average number of equity shares outstanding during the year For the purpose of calculating luted earnings per share, the net result for the period attributable to equity shareholders and the weighted average number of shares outstanding duting the period are adjusted for the effects of all diutive potential equity shares.PRESSMAN ADVERTISING LMTED PRESSMAN Notes to financial statements for the year ended 31st March 2016 Teal Beat Notes. 31stMareh 2016 31st March 2015 z z 2 SHARE CAPITAL Number Authorised 125,000,000 Equity Shares of € 2 each 250,000,000 20,000,000 (125,000,000) 25,000,000 Redeemable Cumulative Preference Shares of @10 each 250,000,000 20,000,000 (25,000,000) 509,000,000 500,000,000. lesued, Subseribed and Fully Pald-up 23,482,843 Equity Shares of € 2 each 46,965,686 46,965,686 (23,482,843) 16,965, THB, 965, 5865. 8) Rights, Preferences & Restrictions attached to shares ‘The company has issued equity shares having par value of€2 per share. Each holder of ordinary shares is enilled to one vote per share and equal right for dividend. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after payment ofall preferential amounts, in proportion to their shareholding. b) The company does not have any holding company/uimate holding company, «)_ There has been no change/movements in number of shares outstanding atthe beginning and atthe end of the reporting period. 4) Details of shareholders holding more than 5% shares inthe companys As at Sit March, 2076 ‘As al Stet March, 2016 No.ofShares | %Holding | No.of Shares | % Holding Equity Shares of 2 each fully pald De Niten Suchanti 512216 22.62 5.912.216 2262 Mr Navin Suchanti 5,060,902 21.55 5,080,902 2185 Ms Prarina Suchanti 1,940,729, 326 1,940,729, 328 Ms Sujata Suchanti 1,706,338 7.26 1,706,298 726 Warren Tea Limited - - 2,000,000, 8st 6) No shares have been reserved for issue under options and contracisicommittments for the sale of shares/ disinvestment as at the balance sheet date. 4) 10,852,118 equity sharas of 82 have been allotted by the company inthe last ve years. 9) No Convertible securities have been issued by the company during the period 1) No calls are unpaid by any Director and officer of the company during the period.ANNUAL REPORT 2015 Notes to financial statements for the year ended 31st March 2016 Heat heat 3tstMarch 2016 sist March 2015 z z 3 RESERVES AND SURPLUS Capital Reserve ‘As per last Financial Statements 4.215.103, 4,215,108, General Reserve ‘As por last Financial Statements 80,212,484 75.212.484 ‘Ada: Transfer from Statement of Profit & Loss 5,000,000, 5,000,000, 0.712.484 ‘Surplus in the Statement of Profit & Loss. {As per last Financial Statements 100,593,992 97,608,793 ‘Ada: Profit forthe year 40,735,910 39,695,088 Less: Adjustment on account of Schedule I! ofthe Companies Act. 2013, 817,170 net of deferred tax asset of Nil (Previous Year & 296,413) ¥a7,398,902 736,683,711 Less: Appropriations. Interim Dividend (Amount per share Z 1.20 (previous year ® Ni] 28,179,412 Proposed Dividend (Amount per share @ NI (previous year & 1.10)] : 25,881,127 Dividend Distribution Tax 5,736,665 5,258,592 Transfer to General Reserve 5,000,000 5,000,000, 116,077 36,089,719 Net Surplus 702,413,825 700,595,992 jo1,sa1.a12 185,021,579) 4 TRADE PAYABLES For Goods & Services 1) Duo to MSME Enterprises : 1p Others 31,425,429 44,289,244 (Refer Note No.25) 5 OTHER CURRENT LIABILITIES Duties & Taxes Payable Advances Received ‘rom Customers Employee Related Liabilty Unclaimed Dividend Others for expenses 6 SHORT TERM PROVISIONS Proposed Dividend Corporate Dividend Tax 109,299 21.saz 792,716 8,235,372 655,656 2,879,604, 1,445,787 25,891,127 5,258,502 oTPRESSMAN PRESSMAN ADVERTISING LIMITED owt | nieuoves| vers0s | sorza0 | castis | vorsecas| szosaots | seeise | oosise | soozs'ss ‘mag snowsig oiewe2 | eizie6' | szassezs 60698 usioves| sovisers | - euveiz | Ls'vesvs wo orzes | osouoy | oss oor's9t cusiiv' | coz ree nz 06 sopuen sit | 9 ouvese cuvase | sezeuz swouz opel ees | eeu | aus05z eupcse't | soptese's foo e661 ogee 99912 woe | oo | esis vee essere | sezeov'y cous | saotwo ovo ay soveze | ezouse | sov'rsve oiveze sseoze'e | sszivae avis | csverove sede wog'ee | eoeze | exvuave aves weuw'e | ceviwe case | erezeve | owing ono ¥ S00 sevoe | oo | sorts eso event | socae'st ooze | covesess seumesy omqung anpaies siozeoe| suoceore stoceose siozvo 10 ey wey | svononpeq 0 wey | suononpeq | suouppy | wey ee) Pog OID Qunouy SIBSSYORK 9102 YoreW ISLE popu 1eeA ely JO} SJUSLE}E}S [eIOUUY O} SS}ON