42. FINANCIAL INSTRUMENT - ACCOUNTING CLASSIFICATION AND FAIR VALUE (Contd...)
The following table shows the financial assets and liabilities measured at amortized cost on a recurring basis.
44. CREDIT RISK
Credit risk arises from the possibility that counter party may not be settle their obligations are agreed. The Company is not exposed to
significant credit risk at the respective reporting dates.
45. INTEREST RATE RISK
The exposure of the Company's borrowings to interest rate changes at the end of the reporting year are as follows.
The Company's variable rate borrowing is subject to changes in the interest rate. Below is the overall exposure of the
49. EMPLOYEE BENEFIT
Defined Contribution Plans
Provident fund
The Company makes Provident Fund contributions to a defined contribution retirement benefit plans for qualifying
employees. Under the schemes, the Company is required to contribute a specified percentage of the payroll costs to the
Employee's Provident Fund to fund the benefits.
The Company has recognized Rs. 12,48,976/-(Previous year - Rs. 1,42,491/-) for provident fund contributions in the Profit
and Loss Account. The contributions payable to these plans by the Company are at rates specified in the rules of the
Defined Benefit Plan (Unfunded)
A general description of the Employees Benefit Plan:
The company has an obligation towards gratuity, a unfunded benefit retirement plan covering eligible employees. The
plan provides for lump sum payment to vested employees at retirement/ death while in employment or on termination of
the employment of an amount equivalent to 15 days salary payable for each completed year of service or part thereof in
excess of six months. Vesting occurs upon completion of five years of service.
The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions
occurring at the end of the reporting period, while holding all other assumptions constant.
The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation
as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may
be correlated.
Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been
calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied
in calculating the defined benefit obligation as recognised in the balance sheet.
Notes
Actuarial Gains/ Losses are accounted for immediately in the Other Comprehensive Income.
Salary escalation & attrition rate are considered as advised by the entity; they appear to be in line with the industry
practice considering promotion and demand & supply of the employees.
Maturity Analysis of Benefit Payments is undiscounted cashflows considering future salary, attrition & death in
respective year for members as mentioned above.
Average Expected Future Service represents Estimated Term of Benefit Obligation.
PANORAMA STUDIOS INTERNATIONAL LIMITED
NOTES TO STANDALONE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
49. EMPLOYEE BENEFIT (Contd...)
Qualitative Disclosures
Para 139 (a) Characteristics of defined benefit plan
The entity has a defined benefit gratuity plan in India (unfunded). The entity's defined benefit gratuity
plan is a final salary plan for employees.
Gratuity is paid from entity as and when it becomes due and is paid as per entity scheme for Gratuity.
Para 139 (b) Risks associated with defined benefit plan
Gratuity is a defined benefit plan and entity is exposed to the Following Risks:
Interest rate risk: A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability
requiring higher provision.
Salary Risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of
members. As such, an increase in the salary of the members more than assumed level will increase the plan's liability.
Asset Liability Matching Risk: The plan faces the ALM risk as to the matching cash flow. Entity has to manage pay-out
based on pay as you go basis from own funds.
Mortality risk: Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does
not have any longevity risk.
Para 139 (c) Characteristics of defined benefit plans
During the year, there were no plan amendments, curtailments and settlements.
Para 147 (a)
Gratuity plan is unfunded.
Notes:
1. Earnings for Debt service = Net profit after tax Depreciation and amortisation Finance cost Other adjustments *
* Other adjustments include all non cash items like fair valuation of investments, provision for doubtful debts & Obsolescence, forex
exchange gain/loss less finance cost paid.
2. Debt Service = Current Borrowings Current Lease Liability
3. Working Capital = Current assets - Current Liabilities
4. EBIT = Profit before Interest and tax Finance cost
5. Total Purchases = Cost of Production / Acquisition Fees Marketing and distribution expenses Other expenses
6. Net Profit After Taxes : This excludes exceptional item.
7. Debt-Service Coverage Ratio (in times) : The coverage reflects only servicing of Interest debited to Profit & Loss account (does not include
project specific interest has been charged to inventory) as the borrowings are repayable on demand.
8.Inventory Turnover Ratio (in times) : Inventory includes Cost of Content under production which is intangible in nature.
9. Trade Receivables Turnover Ratio (in times) : Trade receivables include invoices raised for content under production which is classified as
trande advances under other current liabilities.
10. Return on Investment (in %) : The Ratio has been calculated on the Investment made in Subsidiary LLP including current account
balances, while excluding any credit balances in the current accounts.
51. OTHER STATUTORY INFORMATION:
i) The Company does not own any immovable property, hence the disclosure requirement are not applicable
ii) The Company has not revalued its property, plant and equipment during the current year or previous year.
The Company does not have any benami property and there are no proceeding initiated or pending against the Company for
iii) holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made
thereunder.
iv) The Company has availed cash credit facility from public bank on the basis of security of current assets.
v) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government
The Company does not have prima facie any transactions with companies which have been struck off. The Company is in the
process of obtaining positive confirmation from all Companies it transacts with.
The Company has one charge yet to be registered and one charge to be modified in existing charges that remain pending with
the Registrar of Companies beyond the statutory period.
viii) The Company has complied with the number of layers prescribed under the Companies Act, 2013.
There are no Scheme of Arrangements which are either pending or have been approved by the Competent Authority in terms of
Section 230 to 237 of the Companies Act, 2013 during the current year and previous year.
The Company have not advanced or loaned or invested funds to any other person(s) or entitiy(ies), including foreign entities
(intermediaries) with the understanding (whether recorded in writing or otherwise) that the intermediary shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries)
by or on behalf of the Company or
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries)
by or on behalf of the Company or
(b) provide any guarantee, security or the like from or on behalf of the Ultimate Beneficiaries.
The Company does not have any transactions which are not recorded in the books of accounts that have been surrendered or
disclosed as income in the tax assessment under the Income-tax Act, 1961 during the current year and previous year.
xiii) The Company has not traded or invested in crypto currency or virtual currency during the current year and previous year.
52. CONTINGENT LIABILITIES
The Company does not have any contingent liabilities as at 31st March 2025 (Previous year - NIL).
53. AUDIT TRAIL
The Company uses an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility
and the same has operated throughout the year for all relevant transactions recorded in the accounting software.
54. PREVIOUS YEAR'S FIGURES
Previous year figures have been regrouped, recast and rearranged wherever necessary so as to make them comparable with those of current
55. DIVIDEND
During the year , in the AGM a final dividend of Rs 0.20 on each fully paid-up equity shares of the company for the year ended March 31 ,
2024 was declared and paid
On June 02, 2025, the Board proposed dividend @ 10% on face value of equity share i.e. Re. 0.20/- on each fully paid-up equity shares of the
company, for the year ended March, 31, 2025 subject to the approval of the shareholders' approval at the ensuing Annual General Meeting
of the company and if approved, would result in a cash outflow of approximately ^ 283.75 (^ in Lacs). Dividends proposed by the Board of
Directors are based on profits available for distribution.
The accompanying notes are an integral part of the financial statements.
As per our report of even date
For S I G M A C & Co. For and on behalf of the Board of Directors of
Chartered Accountants Panorama Studios International Limited
Firm Registration No. 116351W CIN : L74110MH1980PLC330008
Sd/- Sd/- Sd/- Sd/-
Rahul Sarda Abhishek Pathal Kumar Mangat Pathak Ravindra A Auti
Partner Director Director Chief Financial Officer
Membership No. 135501 DIN : 00700868 DIN : 00299630
UDIN:25135501BMKOJJ9774 Sd/-
Place : Mumbai Yatin Chaphekar
Date : June 2, 2025 Company Secretary
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