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Television & Films Spine to be adjusted by printer TELEVISION & FILMS Balaji Telefilms Limited Annual Report 2012-13 FOCUS ON dickenson www.dickensonworld.com Balaji Telefilms Limited VALUE C-13, Balaji House, Dalia Industrial Estate, Opposite Laxmi Industrial Estate, CREATION New Link Road, Andheri (West) Pg. 38 Pg. 50 Pg. 52 Mumbai - 400 053. FOCUSING ON Catering TO DIVERSE BUILDING OPERATIONAL EFFICIENCIES SENSIBILITIES THE EDIFICE Transforming our underpinning Making a mark through Growing from strength to www.balajitelefilms.com TV business model cutting-edge cinematic content strength with new drivers PDF processed with CutePDF evaluation edition www.CutePDF.com Spine to be adjusted by printer Spine to be adjusted by printer FOCUS ON VALUE CREATION At Balaji Telefilms, we hold our heads up high with pride. There’s so much to be proud of. Pride comes from fuelling the satellite television boom… maintaining an undisputed leadership in TV content space… Through a healthy pipeline of film releases breaking fresh ground and new TV shows, we aim to consistently in producing boundary- deliver top-quality content to a diverse breaking movie content… audience and capitalise on the industry’s netting lasting and loyal projected growth. viewership year on year. Spine to be adjusted by printer 1 As we deepen our film production, our pride continued…from daring to be different…producing movies that push the envelope of style and substance… grossing critical acclaim along with revenues…earning the reputation of being a good judge for talent…emerging as a force to reckon with. Now, we rewrite the rules of the game and set the entertainment bar higher across the entire value spectrum. At Balaji, consistent value With a robust commitment creation is a journey that for value, there’s so much more never stops. Value comes we’re still hungry to achieve. from cost rationalisation… We chase value by accelerating from de-cluttering our film monetisation…We build wardrobe…from resource value by strengthening the optimisation…from scope for creative freedom… increasing our films and TV We create value by maintaining slate…from nurturing new a perfect balance between our talent…from strengthening dual delivery platforms…We our distribution and preserve value through marketing capabilities… a compelling film slate… and from generating And we enhance value by diverse and widening the global platform superior content. for Indian cinema. Paraphrasing Robert Frost just a bit, we have… “Miles to go before we sleep.” 2 Balaji Telefilms Limited CONTENTS Corporate Information ..................................................................................3 About Balaji Telefilms Limited ...................................................................4 Balaji at a Glance ...............................................................................................5 Operational Highlights .................................................................................6 Financial Highlights ........................................................................................7 Awards & Recognition ...................................................................................8 Vision & Values ...................................................................................................9 Established Market Leadership .............................................................10 Chairman’s LetTER .........................................................12 MANAGING DIRECTOR’s REVIEW ....................................14 JOINT MANAGING DIRECTOR’s MESSAGE .....................16 MANAGEMENT DISCUSSION & ANALYSIS ......................18 Our Television Business ............................................... 23 Ongoing Serials ..............................................................................................24 Completed Serials .........................................................................................30 Upcoming Serials ..........................................................................................32 Strategies in Play for our Television Business ...............38 Transforming the Underpinning Business Model towards better Profitability , Predictable Growth ......................................................................................38 Leveraging our Core Strengths in Creativity to build an even Deeper Portfolio ......................................................40 Total Exit from Sponsored Programming for Increased Profitability ..........................................................................42 Our Films Business .............................................................44 Consistent Success at the Box Office ................................................44 Project Pipeline ...............................................................................................47 Synopsis of Movies under Production .............................................49 Strategies in Play for our Films Business........................50 Making a mark through Cutting-Edge Cinematic Content .......................................................................................50 Scaling up to build New Growth Drivers ........................................52 De-risking our Business by focusing on Non-Theatre Revenues, Cost Rationalisation ...............................54 Leveraging Relationships ........................................................................56 Widening our Periphery ............................................................................58 Management Outlook ...............................................................................60 BOARD OF DIRECTORS ......................................................62 DIRECTORS’ REPORT ..........................................................64 CORPORATE GOVERNANCE REPORT ...............................70 FINANCIALS Standalone Financials Independent Auditors’ Report .............................................................. 81 Balance Sheet ..................................................................................................84 Statement of Profit and Loss ..................................................................85 Cash Flow Statement ..................................................................................86 Notes .....................................................................................................................88 Consolidated Financials Independent Auditors’ Report ...........................................................109 Balance Sheet ...............................................................................................110 Statement of Profit and Loss ................................................................111 Cash Flow Statement ...............................................................................112 Notes ..................................................................................................................114 Statements Pursuant to Section 212 .............................................. 137 Balaji Motion Pictures Limited Directors’ Report .........................................................................................138 Independent Auditors’ Report ............................................................141 Balance Sheet ...............................................................................................144 Statement of Profit and Loss ...............................................................145 Cash Flow Statement ...............................................................................146 Notes .................................................................................................................. 147 BOLT Media Limited Directors’ Report .........................................................................................158 Independent Auditors’ Report ...........................................................160 Balance Sheet ...............................................................................................162 Statement of Profit and Loss ...............................................................163 Cash Flow Statement ...............................................................................164 Notes ..................................................................................................................165 AGM NOTICE ......................................................................173 3 CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Jeetendra Kapoor, Chairman Mrs. Shobha Kapoor, Managing Director Ms. Ekta Kapoor, Joint Managing Director Mr. Akshay Chudasama, Independent Director Mr. Pradeep Sarda, Independent Director Mr. D. G. Rajan, Independent Director Mr. Ashutosh Khanna, Independent Director Mr. Tusshar Kapoor, Non-Executive & Non-Independent Director CHIEF FINANCIAL OFFICER M r. Sanjay Dwivedi C OMPANY SECRETARY & COMPLIANCE OFFICER Mrs. Simmi Singh Bisht REGISTERED OFFICE C13, Balaji House, Dalia Industrial Estate Opposite Laxmi Industries New Link Road, Andheri (West) Mumbai - 400 053. Tel: +91-22-4069 8000, Fax: +91-22-4069 8181/82 REGIONAL OFFICE # 81, 1st Main Road, Kalyananagar Near K V V English School Moodalapalya Bangalore - 560 072. Tel: +91-080-2340 0275 STATUTORY AUDITORS Deloitte Haskins & Sells Snehal & Associates REGISTRAR & SHARE TRANSFER AGENT Karvy Computershare Private Limited Unit: Balaji Telefilms Limited Plot No.17 to 24, Near Image Hospital, Vittalrao Nagar, Madhapur, Hyderabad - 500 081. Tel: +91-40-2342 0815-820,
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