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Making the right MOV ES
Annual Report 2008-09
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Forward looking statements In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take investment decisions. This report and other statements - written and oral - that we periodically make, contain forward-looking statements 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 forward-looking statements will be realized, although we believe we have been prudent in assumptions. 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 forward-looking statements, whether as a result of new information, future events or otherwise.
ation 77 C orm ons Inf olid ate ate or d rp Fin Co a nc 6 ia 9 l S ta te m e n 8-09 10 Ma t 200 king s in Th hy e R ap ig gr h o t M lm o Fi v ie 0 s
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The business of cinema is as much about making a right
movie as it is about making the right move. Over the
years, we at Shree Ashtavinayak Cine Vision Limited (SACVL) have believed in entertaining the cine-goers by creating projects with a range
of content, talent, technology as well as experience.
In 2008-09, we have set the camera rolling for the coming years, from
most number of own releases to foray into regional cinema to
creating a sustainable organisation – we tried to make all the
right moves. Turn the pages to know more.
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Shree Ashtavinayak Cine Vision Ltd. | Annual Report 2008-09
About The Makers
Year of incorporation 2001
Reputation One of the fastest growing integrated film entertainment companies in India
Key offerings Production Distribution Exhibition
Presence Mumbai (Headquarters)
People 19 employees At the capital markets The company’s shares are listed on Bombay Stock Exchange (BSE) (stock code – 532793) and National Stock Exchange (NSE) (stock code – SHREEASHTA)
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About Us The Right Mov!es Statutory Reports Financial Statements About the Makers The Central Plot
The Central Plot
Released four of its own productions during the year – the highest ever since inception
Offered cinematic experience across genres – comedy, action, suspense thriller and drama
Released the first regional language production – Chakkara Viyugham during the year
Hindi Movie – ‘LUCK’ directed by Soham Shah released during July ‘2009
Nearly completed two new projects – ‘BLUE’ directed by Anthony D’souza, “Untitled” directed by Neeraj Vora. All stated for release in 2009-10
Worked with popular stars such as Ajay Devgan, Kareena Kapoor, Sanjay Dutt, Akshay Kumar, Govinda, Katrina Kaif, etc.
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Shree Ashtavinayak Cine Vision Ltd. | Annual Report 2008-09
The High Points
Total Income (Rs. in Cr.)
As on year ended 31st March, Gross Profit + % (Rs. in Cr.) 50 As on year ended 31st March, 2009 145.73 2009 35.14
2008 97.24 2008 28.79
2007 96.07 2007 23.70
Cost of Sales Other Expenses (Rs. in Cr.) (Rs. in Cr.)
As on year ended 31st March, As on year ended 31st March, 2009 110.59 2009 15.04
2008 68.45 2008 7.77
2007 72.37 2007 3.77
Net Profit (Rs. in Cr.)
As on year ended 31st March, 2009 20.10
2008 21.02
2007 19.93
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About Us The Right Mov!es Statutory Reports Financial Statements About the Makers The Central Plot The High Points
Tax Basic EPS (Rs. in Cr.) (Rs.)
As on year ended 31st March, As on year ended 31st March, 2009 7.14 2009 12.57
2008 7.34 2008 13.64
2007 7.33 2007 19.63
Dividend (Rs. in Cr.)
As on year ended 31st March, Profit After Tax (PAT) (Rs. in Cr.) + % As on year ended 31st March, 5 2009 12.95 2009 1.47
2008 13.68 2008 1.41
2007 14.16 2007 1.41
EBIDTA (Rs. in Cr.)
As on year ended 31st March, +56% 2009 129.27
2008 82.87
2007 80.61
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Shree Ashtavinayak Cine Vision Ltd. | Annual Report 2008-09
The Prequel A history of prestigious offerings
Own productions Fun2ssh, Agnipankh, Maine Pyar Kyun Kiya, Golmaal (fun unlimited), Bhagam bhag, Jab We Met, Super Star.
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About Us The Right Mov!es Statutory Reports Financial Statements About the Makers The Central Plot The High Points The Prequel
Released during the year Kidnap Golmaal Returns Maharathi Chakkara Viyugham (Tamil)
Movies distributed Main Hoon Na, Garv, Asambhav – the impossible, Mujhse Shaadi Karogi, Fida, Rakht, Aitraaz, Insaan, Nigehbaan, Tango Charlie, Nazar, Paheli, Dus, Apaharan, Mr. Prime Minister, Anjaane – the unknown, Family – Ties of Blood, Zinda, Humko Deewana Kar Gaye, Phir Hera Pheri, Tom Dick and Harry, Dil Diya Hai, Jaan-e-mann, Welcome, Om Shanti Om, Partner, Heyy Babyy, The Train, Fool N Final, Ek Chalis Ki Last Local, Halla Bol
Distributed during the year Yuvvraaj
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Shree Ashtavinayak Cine Vision Ltd. | Annual Report 2008-09
View From Behind The Camera
Dhilin Mehta, Chairman & Managing Director
Dear Members, I feel great pride to address you in a year that has been one of the landmark years for us, in our six years of history. 2008-09 was a year “We at SACVL have always of challenges. However for the Indian film industry, it was the year of refreshing mindsets. believed in creating a In the last 2-3 years, the film industry witnessed company that would not only a transformation. The foray of multiplexes witnessed demand for niche cinema as well as withstand challenges but also higher realisations for the mainstream cinemas. The multiple modes of broadcasting led to grow in such times. Our focus the origination of various rights, resulting in on providing meaningful greater avenues of revenue-creation. The Indian cinema and its talent won global recognition at content and a culture of cost renowned platforms and that also opened a lot efficiency enabled us emerge of doors for partnering with the best studios in the world. a stronger company.” The year 2008-09 also witnessed a global slowdown, originating from liquidity pressures, resulting in lower demand. In such challenging times, the impact was also visible on the Indian film industry, with budget-cuts, introduction of stringent cost controls and above all, the project quality reviewed by each of the players.
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