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ZEEMEDIA [email protected]
ZEEMEDIA [email protected] Collaborative Strategies C o h e s i v e G r o w t h ZEEMEDIA ZEE MEDIA CORPORATION LIMITED REGISTERED OFFICE 14th Floor, A Wing, Marathon Futurex, NM Joshi Marg, Lower Parel, Mumbai - 400013 Maharashtra Tel.: +91 22 7106 1234 Fax: +91 22 2300 2107 Website: www.zeenews.india.com Annual Report 2017-18 OUR ZEEMEDIA PRESENCE INSIDE THIS REPORT Corporate Overview Collaborative Strategies Cohesive Growth 01 Growing Together with Viewer Engagement 02 Growing Together with Advertisers' Reach 03 Growing Together with Society and Government 04 Growing Together with Our Employees - Our Trusted Aides 05 Srinagar Steadfast Progress, Nurturing New Ventures 06 Jammu Raising the Bar with Innovations 08 Message to Shareholders 10 Growth Firmly Embedded in Value System 12 Chandigarh Dehradun Our Channels and Digital Platforms 13 Corporate Information 16 Noida STATUTORY REPORTS Lucknow Varanasi Notice 17 Jaipur Ajmer Directors' Report 26 Patna Corporate Governance Report 43 Kota Management Discussion and Analysis 56 Ranchi Kolkata Ahmedabad Bhopal Indore Vadodara FINANCIAL STATEMENTS Rajkot Raipur Surat Standalone Financial Statements 67 Nagpur Consolidated Financial Statements 121 Bhubaneswar Nasik Aurangabad Thane Mumbai BSE, Mumbai Pune Kohlapur Hyderabad FORWARD LOOKING STATEMENTS Bengaluru Certain statements in this annual report concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. We have tried wherever possible to identify such statements by using words such as 'anticipate', 'estimate', 'expect', 'project', 'intend', 'plan', 'believe' and words of similar substance in connection with any discussion of future performance. -
Press Release Zee Entertainment Enterprises Limited
Press Release Zee Entertainment Enterprises Limited February 08, 2019 Ratings Amount Facilities Rating1 Rating Action (Rs. crore) CARE AA+; Credit Watch with Revised from CARE AA+; Long-term Bank negative implications 125.00 Credit watch with Facilities [Double A Plus; Credit watch with developing implications negative implications] CARE A1+; Credit Watch with Revised from CARE A1+; Short-term Bank negative implications 80.00 Credit watch with Facilities [A One Plus; Credit watch with developing implications negative implications] 205.00 Total Facilities (Rs. Two hundred and five crore only) Details of facilities in Annexure-1 Detailed Rationale& Key Rating Drivers The ratings assigned to the bank facilities of Zee Entertainment Enterprises Limited (ZEEL) have been placed on credit watch with negative implications on account of the reduced financial flexibility of Essel Group as an after effect of the recent decline in the market capitalization of the listed entities belonging to the Group. As on December 31, 2018, amongst the total promoter holding of 41.62% in ZEEL; 59.37% has been pledged. The promoters have conveyed their intentions to sell/divest up to 50% of their equity stake to a strategic partner, which is expected to improve the liquidity position of the group. However, in view of the recent developments, the ability of the group to sell its desired stake in ZEEL at the valuations envisaged forms a key rating sensitivity. Also, these recent developments have resulted in a reduction in the promoter’s stake in ZEEL from 41.62% (as on December 31, 2018) to 39.08%. As reported by the company to the stock exchanges, the lenders of the Group have provided a formal consent wherein no event of default is expected to be declared till September 30, 2019 on account of sharp decline in the prices of the pledged shares. -
KPMG FICCI 2013, 2014 and 2015 – TV 16
#shootingforthestars FICCI-KPMG Indian Media and Entertainment Industry Report 2015 kpmg.com/in ficci-frames.com We would like to thank all those who have contributed and shared their valuable domain insights in helping us put this report together. Images Courtesy: 9X Media Pvt.Ltd. Phoebus Media Accel Animation Studios Prime Focus Ltd. Adlabs Imagica Redchillies VFX Anibrain Reliance Mediaworks Ltd. Baweja Movies Shemaroo Bhasinsoft Shobiz Experential Communications Pvt.Ltd. Disney India Showcraft Productions DQ Limited Star India Pvt. Ltd. Eros International Plc. Teamwork-Arts Fox Star Studios Technicolour India Graphiti Multimedia Pvt.Ltd. Turner International India Ltd. Greengold Animation Pvt.Ltd UTV Motion Pictures KidZania Viacom 18 Media Pvt.Ltd. Madmax Wonderla Holidays Maya Digital Studios Yash Raj Films Multiscreen Media Pvt.Ltd. Zee Entertainmnet Enterprises Ltd. National Film Development Corporation of India with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. entity. (“KPMG International”), a Swiss with KPMG International Cooperative © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated and a member firm of the KPMG network of independent member firms Partnership KPMG, an Indian Registered © 2015 #shootingforthestars FICCI-KPMG Indian Media and Entertainment Industry Report 2015 with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. entity. (“KPMG International”), a Swiss with KPMG International Cooperative © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated and a member firm of the KPMG network of independent member firms Partnership KPMG, an Indian Registered © 2015 #shootingforthestars: FICCI-KPMG Indian Media and Entertainment Industry Report 2015 Foreword Making India the global entertainment superpower 2014 has been a turning point for the media and entertainment industry in India in many ways. -
A New Vision Is Blooming
A NEW VISION IS BLOOMING ZEE 4.0 - ANNUAL REPORT 2020-21 Zee Entertainment Enterprises Limited Transformation stems from the natural evolution of every living being. Inside each of us lies a distinctive desire to do something more than the norm, out of the ordinary. This nature of existence flows from people to businesses, leading them from old path to new, creating opportunities for themselves and for the rest of the world. Media and Entertainment landscape is not untouched by this phenomenon. From consumer FINANCIAL behaviour to consumer experiences, the industry has evolved in all shapes and forms over STATEMENTS the last few decades. Today, we are seeing a paradigm shift in the consumption and delivery 03 of entertainment. In this new realm, the alchemy of the consumer experience is one that blends content creation, delivery, and monetization in a seamless manner. This hyper- STANDALONE competitive, digitally accelerated environment demands a unique strategic vision. We at ZEE INDEX Independent Auditor’s Report 107 are preparing to step into this future with a sharper and synergised version, transforming into ZEE 4.0 - a future-ready organisation to gain competitive advantage. ZEE 4.0 is Balance Sheet 115 designed around enhanced customer centricity with levers for capitalizing on Statement of Profit and Loss 116 immense growth opportunities and driving higher profitability. COMPANY Statement of Cash Flow 117 OVERVIEW The 5G pillars - Governance, Granularity, Growth, Goodwill and Gusto, form 01 Statement of Changes in Equity 119 the cornerstone of ZEE 4.0, sharpening our abilities to capture the emerging Notes 121 opportunities across markets, to transform ZEE into South Asia’s leading Media & Key Performance Indicators 04 STATUTORY Entertainment Company. -
Business Profile
Zeal Z Entertainment Services Pvt. Ltd. - PROFILE Zeal Z Entertainment Services Pvt. Ltd. (ZZE) is a leading Film, Television & Entertainment (FTVE) solution outfit based in Bhopal covering Madhya Pradesh, Gujarat and other parts of Central India, in operation since July 2008. We Have line produced over 150+ Feature Films, TV shows, Commercials, Documentaries, etc. to date, Like PRAKASH JHA’s RAAJNEETI, AARAKSHAN, CHAKARVYUH, SATYAGRAHA, JAI GANGAAJAL, LIPSTICK UNDER MY BURKHA, ANIL SHARMA’s SINGH SAHAB THE GREAT, ASHUTOSH GOVARIKAR’s MOHANJO-DARO, NEERAJ PANDEY’s TOILET-Ek Prem Katha, RAJKUMAR HIRANI’s SANJU, DINESH VIJAN’s STREE, and most recently ZEE STUDIO’s MANIKARNIKA – THE QUEEN OF JHASI, KARAN JOHAR’S KALANK, FOX STAR STAR STUDIO’S PANGA AND ANURAG BASU’s LUDO. Film & Television Line Production Services is the heart and soul of Zeal Z Entertainment services Pvt. Ltd., we handle a range of production from multi-million projects to small single camera interviews. We know where the incentives are and how to manage them in various states giving the maximum value for any filmmaker. Our database of the locations allows us to instantly offer our clients choices that best suit their needs. We have the skill to put together the right crew for the job and our professionalism ensures that the film makers are able to complete their project within the budget, on time, hassle free. COMPANY EXECUTIVES ZULFIQAR ALI, Ace Ghazal Singer & Music Director Zulfiquar Ali is the Executive Director of Zeal Z Entertainment services Pvt. Ltd. He was trained under Ustad Zia fariduddin Dagar sahab and has been performing as a Ghazal Artist since 1973. -
Zeel's Mission Goal
ANNUAL REPORT 2016-17 A TO ZEE OF CONTENT LEADERSHIP CORPORATE OVERVIEW STATUTORY REPORTS 01 02 ZEEL At A Glance 02 46 Management Discussion And Analysis 04 Events And Milestones 66 Notice 06 Message From The Chairman 70 Directors’ Report 08 Key Performance Indicators 76 Annexures to Directors’ Report 10 Message From The MD & CEO 88 Secretarial Audit Report 12 All You Can See 90 Report on Corporate Governance 14 We Speak Your Language 104 Business Responsibility Report 16 We Are Where You Want To Be 109 Certification of Financial Statements 18 All The World Is A Stage 20 More. Much More Than TV. 22 Business Overview FINANCIAL STATEMENTS 30 Strategy For Sustainable Growth 03 STANDALONE 32 Q&A With Amit Goenka - CEO (International Business) 110 Independent Auditor’s Report 34 Q&A With Chief Finance and Strategy Officer 114 Balance Sheet 36 Board Of Directors 115 Statement of Profit and Loss 38 Leading With People 116 Statement of Changes in Equity 40 Leading With Thought. Growing Through Engagement 117 Statement of Cash Flow 42 Corporate Social Responsibility 119 Notes 43 Caring For The Environment 162 Last Five Years Financial Highlights 44 Corporate Information 163 Performance Ratios - An Analysis CONSOLIDATED 164 Independent Auditor’s Report 168 Balance Sheet 169 Statement of Profit and Loss 170 Statement of Changes in Equity 171 Statement of Cash Flow 173 Notes ATTENDANCE SLIP & ROUTE MAP FOR VENUE OF AGM PROXY FORM ON THE COVER Forward-looking statement In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our A TO ZEE OF CONTENT prospects and take investment decisions. -
Forming Part of the Financial Statements
| NOTES | LAST FIVE YEARS FINANCIAL HIGHLIGHTS | PERFORMANCE RATIOS - AN ANALYSIS | NOTES forming part of the Financial Statements 1 CORPORATE INFORMATION sale are capitalised as part of the cost of respective asset. All Zee Entertainment Enterprises Limited (“ZEEL” or “the Company”) other borrowing costs are expensed in the year they occur. is incorporated in the State of Maharashtra, India. The Company is mainly in the following businesses: 6 Impairment of tangible and intangible assets At each Balance Sheet date, the Company reviews the carrying (a) Broadcasting of Satellite Television Channels; amount of assets to determine whether there is an indication that (b) Space Selling agent for other satellite television channels; those assets have suffered impairment loss. If any such indication exists, the recoverable amount of assets is estimated in order to (c) Sale of Television Content i.e. programs / film rights / feeds; determine the extent of impairment loss. The recoverable amount (d) Production and distribution of films. is higher of the net selling price and value in use, determined by discounting the estimated future cash flows expected from the 2 SIGNIFICANT ACCOUNTING POLICIES continuing use of the asset to their present value. 1 Basis of preparation 7 Depreciation / Amortisation on tangible / intangible assets The financial statements are prepared under the historical cost (a) Depreciation on tangible fixed assets is provided on convention on going concern basis in accordance with Indian straight line method at the rates specified in Schedule Generally Accepted Accounting Principles (GAAP) and comply XIV to the Companies Act, 1956 except Aircraft on which in all material aspects with the Accounting Standards notified depreciation is provided based on estimated useful life of under the Companies (Accounting Standards) Rules, 2006, 15 years. -
Films 2018.Xlsx
List of feature films certified in 2018 Certified Type Of Film Certificate No. Title Language Certificate No. Certificate Date Duration/Le (Video/Digita Producer Name Production House Type ngth l/Celluloid) ARABIC ARABIC WITH 1 LITTLE GANDHI VFL/1/68/2018-MUM 13 June 2018 91.38 Video HOUSE OF FILM - U ENGLISH SUBTITLE Assamese SVF 1 AMAZON ADVENTURE Assamese DIL/2/5/2018-KOL 02 January 2018 140 Digital Ravi Sharma ENTERTAINMENT UA PVT. LTD. TRILOKINATH India Stories Media XHOIXOBOTE 2 Assamese DIL/2/20/2018-MUM 18 January 2018 93.04 Digital CHANDRABHAN & Entertainment Pvt UA DHEMALITE. MALHOTRA Ltd AM TELEVISION 3 LILAR PORA LEILALOI Assamese DIL/2/1/2018-GUW 30 January 2018 97.09 Digital Sanjive Narain UA PVT LTD. A.R. 4 NIJANOR GAAN Assamese DIL/1/1/2018-GUW 12 March 2018 155.1 Digital Haider Alam Azad U INTERNATIONAL Ravindra Singh ANHAD STUDIO 5 RAKTABEEZ Assamese DIL/2/3/2018-GUW 08 May 2018 127.23 Digital UA Rajawat PVT.LTD. ASSAMESE WITH Gopendra Mohan SHIVAM 6 KAANEEN DIL/1/3/2018-GUW 09 May 2018 135 Digital U ENGLISH SUBTITLES Das CREATION Ankita Das 7 TANDAB OF PANDAB Assamese DIL/1/4/2018-GUW 15 May 2018 150.41 Digital Arian Entertainment U Choudhury 8 KRODH Assamese DIL/3/1/2018-GUW 25 May 2018 100.36 Digital Manoj Baishya - A Ajay Vishnu Children's Film 9 HAPPY MOTHER'S DAY Assamese DIL/1/5/2018-GUW 08 June 2018 108.08 Digital U Chavan Society, India Ajay Vishnu Children's Film 10 GILLI GILLI ATTA Assamese DIL/1/6/2018-GUW 08 June 2018 85.17 Digital U Chavan Society, India SEEMA- THE UNTOLD ASSAMESE WITH AM TELEVISION 11 DIL/1/17/2018-GUW 25 June 2018 94.1 Digital Sanjive Narain U STORY ENGLISH SUBTITLES PVT LTD. -
ANNUAL REPORT ANALYSIS Zee Entertainment Enterprises
India Equity Research December 22, 2020 ANNUAL REPORT ANALYSIS Zee Entertainment Enterprises MARKET DATA Zee Entertainment Enterprises’ (Zee) FY20 Annual Report comes 52-week range (INR) NIL with an auditor’s qualified opinion w.r.t. Letter of Comfort (LOC) on Share in issue (mn) 960.5 Put Option Agreement between ATL Media (subsidiary) and Living Market cap (INR bn/USD mn) 217/2,951 Avg. Daily Vo. BSE/NSE (‘000) 26,323 Entertainment (related party) (pg 4). Profitability was hit by several provisions/write-downs such as fair valuation loss on offshore investments, goodwill impairment (online media), accelerated Shareholding Pattern (%) amortisation (inventory) and doubtful debts provisions. Promoters * 4.0 MFs, FIs & Banks 11.3 Other points: (i) Another key audit matter-Though recovered later, FIIs 66.2 during FY20, banks had prematurely adjusted INR2bn of Zee’s FD Others 18.5 against repayments due from related parties. (ii) ICD of INR1.7bn *Promoters pledged shares 0.24 (% of share in issue) written off. (iii) In standalone, Zee devalued investments in Essel Vision Production (EVP) up to 74% (INR4.4bn). (iv) OCF (post interest) at INR1.3bn versus INR(79)mn in FY19. Auditors Deloitte Haskins & Sells LLP Auditor’s qualified opinion w.r.t. Letter of Comfort The auditor has issued a qualified opinion with regard to non-recognising contingent liability against LOC given by Zee to banks and liability against Put Option Agreement of INR8bn in FY16 (renewed to INR4bn during FY20) entered between ATL Media (Zee’s 100% subsidiary) and LEL (promoter-owned company), which got rescinded post FY20, quoting misrepresentation by LEL (refer to page 4 for details). -
Rating Rationale Zee Entertainment Enterprises Limited 4 June 2109
Rating Rationale Zee Entertainment Enterprises Limited 4 June 2109 Brickwork Ratings has placed the ratings of BWR AAA on “Credit Watch with Negative Implications” from “Credit Watch with Developing Implications” of Zee Entertainment Enterprises Limited’s (ZEEL) 6% Cumulative Redeemable Non-convertible (CRNPS) Preference Shares and Issuer rating. Particulars Previous Outstanding Current Previous Instruments Amount Amount Rating Rating (Rs. Cr) (Rs. Cr) BWR AAA (Credit BWR AAA (Credit Watch 6% Cumulative Watch With Negative With Developing Redeemable Implications) Implications) Non-convertible 1615 (Pronounced BWR (Pronounced BWR Triple A Preference Shares 1210.16 Triple A Credit Watch Credit Watch With (CRNPS) With Negative Developing Implications) Implications) BWR AAA (Credit BWR AAA (Credit Watch Watch With Negative With Developing Implications) Implications) Issuer Rating NA (Pronounced BWR (Pronounced BWR Triple A NA Triple A Credit Watch Credit Watch With With Negative Developing Implications) Implications) *Please refer to BWR website www.brickworkratings.com/ for definition of the ratings BWR has essentially relied upon audited financials of ZEEL up to FY19, information available in the public domain and the information and clarifications provided by the management. Rating Rationale The revision factors delay in stake sale plans by the Promoters which was announced on 14th November 2018 to a Strategic partner, which according to the Promoters was to pursue disruptive technological development and transform the business in to tech-media. Subsequently in January 2019 the promoter announced that proceeds from stake sale will be utilized for repayment of debt against pledge of promoter held shares at group level. On April 17 2019, the promoter had informed that they were hopeful of entering into Non-Binding Term Sheet by end of April/early May 2019 for monetization of stake in ZEEL. -
Project Report 01 REVISED
Project Report on The Second Edition of TM SEP 24-27, 2016 with the support of HYDERABAD Telangana, India Prepared by Sohan Roy S.K Founder Director -Indywood Film Carnival www.indywood.co.in PROJECT 15 EVENTS 4 DAYS 1 VENUE IA SOUTHOUTH ASIA'S AS India is a unique country, with people of diverse religions, languages, heritage & culture BBIGGESTIGGEST F I L M M A R K E T living together as one nation. Indian cinema, apart from being the chief source of INDYWOOD entertainment, place it's role as a great unifier of people too. Spreading the wings of F I L M M A R K E T Investors MEET liberation, our films went through a series of major transformations, encompassing varied hues of human emotions while blending them with vibrance and magic of the big screen. Though the largest film producing nation in the world, India lags behind the global standards in terms of quality of distribution and exhibition of films, ranking far behind in the list of the 2016 best movie making industries in the world. The lag is mainly due to the fragmentation of the industry on the basis of language and geographical barriers within the country. The 10 Billion EXCELLENCE USD 'Project Indywood' conceptualized by the globally acclaimed filmmaker Sohan Roy, AWARDS CONFERENCE & PANEL envisages sweeping and revolutionary changes in the production, screening and marketing AWARDS 2016 DISCUSSIONS strategies as well as business model of the Indian cinema. The successful completion of this five year project is expected to elevate India to the pinnacle of global film industry. -
ANNUAL REPORT ENTERPRISES LIMITED CIN No: L92132MH1982PLC028767 2014-15 in This Report
investing in tomorrow ZEE ENTERTAINMENT ANNUAL REPORT ENTERPRISES LIMITED CIN No: L92132MH1982PLC028767 2014-15 in this report iswhat ZEE ON THE COVER Investing in tomorrow, the theme for this annual report, is what we believe will lead ZEE to its goals. The creative treatment of the report is a depiction of our strong devoted belief in the quality of our content, and the goodwill of our brand. View this report online at http://www.zeetelevision.com/investor-relations/financials-annual.html To view our Quarterly results please visit http://www.zeetelevision.com/investor-relations/report-earning-release.html FORWARD LOOKING STATEMENTS: In this Annual Report, we have disclosed forward looking information to enable investors to comprehend our future prospects and capabilities and take investment decisions. This report and other statements - written and oral - that we periodically make contain announcements and communication that set out anticipated results based on the management’s plans and assumptions. We have tried, wherever possible, to identify such statements by using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these assertions will be realised, although we believe we have been prudent in our communication. The achievements of results are subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should keep this in mind. We undertake no obligation to publicly update any observation , whether as a result of new information, future events or otherwise.