MALAYALAM COMMUNICATIONS LIMITED Standalone Financial Statements for period 01/04/2018 to 31/03/2019 [400100] Disclosure of general information about company Unless otherwise specified, all monetary values are in INR 01/04/2018 01/04/2017 to to 31/03/2019 31/03/2018 M A L A Y A L A M Name of company COMMUNICATIONS LIMITED Corporate identity number U74300KL2000PLC013655 Permanent account number of entity AACCM0065G 12/1681(6), kairali Towers, Aashan Sqare, Address of registered office of company Palayam, University P.O, Thiruvananthapuram Commercial and Type of industry Industrial Registration date 04/02/2000 Whether company is listed company No Whether company has published sustainability report for the financial No Year Date of board meeting when final accounts were approved 24/08/2019 Date of start of reporting period 01/04/2018 01/04/2017 Date of end of reporting period 31/03/2019 31/03/2018 Nature of report standalone consolidated Standalone Content of report Financial Statements Description of presentation currency INR Level of rounding used in financial statements Actual Type of cash flow statement Indirect Method Whether company is maintaining books of account and other Yes relevant books and papers in electronic form 12/1681(6), kairali Complete postal address of place of maintenance of computer Towers, Aashan Sqare, servers (storing accounting data) Palayam, University P.O, Thiruvananthapuram Name of city of place of maintenance of computer servers (storing Trivandrum accounting data) Name of state/ union territory of place of maintenance of Kerala computer servers (storing accounting data) Pin code of place of maintenance of computer servers (storing 695034 accounting data) Name of district of place of maintenance of computer servers Trivandrum (storing accounting data) ISO country code of place of maintenance of computer servers IN (storing accounting data) Name of country of place of maintenance of computer servers India (storing accounting data) Phone (with STD/ ISD code) of place of maintenance of computer 07412386500 servers (storing accounting data) Disclosure of principal product or services [Table] ..(1) Unless otherwise specified, all monetary values are in INR Types of principal product or services [Axis] 1 01/04/2018 to 31/03/2019 Disclosure of general information about company [Abstract] Disclosure of principal product or services [Abstract] Disclosure of principal product or services [LineItems] Product or service category (ITC 4 digit) code 9984 Telecommunications, Description of product or service category services and information supply Turnover of product or service category 57,54,04,757.9 Highest turnover contributing product or service (ITC 8 digit) code 99846120 Television broadcast Description of product or service originals Turnover of highest contributing product or service 57,54,04,757.9 MALAYALAM COMMUNICATIONS LIMITED Standalone Financial Statements for period 01/04/2018 to 31/03/2019 [400400] Disclosures - Directors report Details of directors signing board report [Table] ..(1) Unless otherwise specified, all monetary values are in INR Directors signing board report [Axis] 1 01/04/2018 to 31/03/2019 Details of signatories of board report [Abstract] Details of directors signing board report [LineItems] Name of director signing board report [Abstract] PANAMPARAMBIL First name of director ISMAIL MOHAMMEDKUTTY Designation of director Director Director identification number of director 00349956 Date of signing board report 26/10/2019 2 MALAYALAM COMMUNICATIONS LIMITED Standalone Financial Statements for period 01/04/2018 to 31/03/2019 Unless otherwise specified, all monetary values are in INR 01/04/2018 to 31/03/2019 Textual information (1) Disclosure in board of directors report explanatory [TextBlock] [See below] Textual information (2) Description of state of companies affair [See below] Disclosure relating to amounts if any which is proposed to carry to any Your Company proposes to transfer Rs.127.28 lakh reserves to the General Reserve. Your Directors could not recommend any dividend Disclosures relating to amount recommended to be paid as dividend during the year under review, as the company has no divisible profits. Textual information (3) Details regarding energy conservation [See below] Textual information (4) Details regarding technology absorption [See below] Details given in schedule Details regarding foreign exchange earnings and outgo 31 of the Annual Account. Textual information (5) Disclosures in director’s responsibility statement [See below] Details of material changes and commitment occurred during period NOT APPLICABLE affecting financial position of company Textual information (6) Particulars of loans guarantee investment under section 186 [TextBlock] [See below] Particulars of contracts/arrangements with related parties under section R E L A T E D 188(1) [TextBlock] PARTY TRANSACTIONS: Nil Whether there are contracts/arrangements/transactions not at arm's No length basis Whether there are material contracts/arrangements/transactions at No arm's length basis Date of board of directors' meeting in which board's report referred 26/10/2019 to under section 134 was approved Disclosure of extract of annual return as provided under section 92(3) Textual information (7) [TextBlock] [See below] Disclosure of statement on declaration given by independent directors Textual information (8) under section 149(6) [TextBlock] [See below] There were no employees whose remuneration was in Disclosure for companies covered under section 178(1) on excess of the limits directors appointment and remuneration including other matters prescribed under the provided under section 178(3) [TextBlock] Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Disclosure of statement on development and implementation of risk Textual information (9) management policy [TextBlock] [See below] Details on policy development and implementation by company on corporate social responsibility initiatives taken during year NA [TextBlock] Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock] Textual information (10) Disclosure of financial summary or highlights [TextBlock] [See below] Textual information (11) Disclosure of change in nature of business [TextBlock] [See below] Details of directors or key managerial personnels who were Textual information (12) appointed or have resigned during year [TextBlock] [See below] Disclosure of companies which have become or ceased to be its Textual information (13) subsidiaries, joint ventures or associate companies during [See below] year [TextBlock] D E P O S I T S : Details relating to deposits covered under chapter v of companies act / > [TextBlock] / > The Company has not accepted any deposits during the period under review. T h e Details of deposits which are not in compliance with requirements Company has not accepted of chapter v of act [TextBlock] any deposits during the period under review. Details of significant and material orders passed by N O T regulators or courts or tribunals impacting going concern APPLICABLE status and company’s operations in future [TextBlock] 3 MALAYALAM COMMUNICATIONS LIMITED Standalone Financial Statements for period 01/04/2018 to 31/03/2019 Details regarding adequacy of internal financial controls with Textual information (14) reference to financial statements [TextBlock] [See below] There were no employees whose remuneration was in excess of the limits Disclosure of appointment and remuneration of managerial personnels prescribed under the [TextBlock] Companies (Appointment and Remuneration of Managerial Personnel) R u l e s , 2014. Number of meetings of board 5 4 MALAYALAM COMMUNICATIONS LIMITED Standalone Financial Statements for period 01/04/2018 to 31/03/2019 Textual information (1) Disclosure in board of directors report explanatory [Text Block] To all shareholders We have pleasure in presenting the report on our business operations for the year ended 31st March 2019 along with the audited statement of accounts, Auditors report and Balance Sheet. Results of operations/Financial highlights (Rs. in lakhs) Standalone Consolidated Financial Financial Year Financial Year Financial Year Year 2018-19 2017-18 2017-18 2018-19 Total Income 6210.13 6169.32 6220.91 6169.20 Expenditure excluding depreciation and preliminary 5346.95 5323.43 5346.95 5323.44 expenses Depreciation 683.10 679.82 683.10 679.82 Preliminary expenses Net profit before Adjustments 180.08 166.06 190.86 165.94 Less : Provision for tax 52.80 108.42 52.80 108.42 Net profit after tax 127.28 57.64 138.06 57.52 Proposed Dividend Tax on dividend Net profit carried to Balance sheet 127.28 57.64 138.06 57.52 Operations During the year under review the operations of your company was badly affected by two consecutive floods and general economic slowdown. Besides, keen competition, slump due to GST, and proliferation of channels have affected the operations of your company. Inspite of all these adverse factors, your company could improve its operations when compared to previous year. To achieve consistent growth in revenue, distribution of the channel in more areas in local and extended geographies is the most important challenge faced by your Company. Your Directors are quite aware of the challenges ahead and are prepared to face the challenges. As a sequel to this, your Board is going ahead with a restructuring programme. CHANGE IN THE NATURE OF BUSINESS No substantial change has occurred during the financial year in the nature of the