Creative Eye Ltd. — Annual Report 2021

Jun 30, 2021

CREATIVE EYE LIMITED

30th June, 2021

The DCS - CRD Bombay Stock Exchange Limited Pheeroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai 400 001

The DCS - CRD

National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No - C Block, G Block, Bandra Kurla Complex, Mumbai 4000 51

Sub: Outcome of Board Meeting held on 30th June, 2021.

Ref: BSE Scrip Code: 532392 & NSE Scrip Code: CREATIVEYE

Dear Sir/Madam,

This is to inform you that the Board of Directors of the Company at their Meeting held today i.e. Wednesday 30th June, 2021 through Video Conferencing commence at 12.00 P.M. and concluded at 2.00 P.M. inter-alia considered and approved the following matters namely:

• 1. Considered and Approved the Standalone Audited Financial Results of the Company for the Fourth Quarter and Year ended 31st March, 2021 along with Statement of Assets and Liabilities and cash flow statement for the year ended 31st March, 2021(copy of Audited Financial results are enclosed herewith as Annexure $A)$
• 1. Approved Statutory Auditor's Report on the Financial results for the quarter and vear ended 31st March, 2021.(Copy of the Auditor Report are enclosed herewith as Annexure B)
• 1. Declaration to confirm that statutory Auditor have issued the Audit report with unmodified opinion on the audited Financial results of the company for the quarter and Year ended 31st March, 2021. (Copy of Declaration is enclosed herewith as Annexure C)

Kindly take the same on your record, and acknowledge the receipt of the same,

Thanking you,

Yours Faithfully For Creative Eye Limited Khyshb

Khushbu G. Shah. Company Secretary & Compliance Officer

Encl-As Above

CREATIVE EYE LIMITED

ANNEXURE-A

IT IN LACSY

E

÷

(CIN: L99999MH1986PLC125721)

Registered Office: "Kailash Plaza", Plot No.12-A, New Link Road, Andherl (W), Mumbai-400 053
Tel. No. 2673 26 13 (7 Lines) Fax: 2673 22 96

Website: www.creativeeye.com, E-mail: contact@creativeeye.com

STATEMENT OF FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2021

Sr.	Particulars	Quarter Ended			Year Ended
No.		31/03/2021	31/12/2020	31/03/2020	31/03/2021	31/03/2020
		Audited	Un-Audited	Audited	Audited	Audited
	Revenue from operations	55.00		99.75	612.80	1,810.60
$\overline{2}$	Other Income	26.03	18.76	20.95	95.14	87.33
3	Total Revenue (1+2)	81.03	18.76	120.70	707.94	1,897.93
A	Expenses
	a) Cost of production/materials consumed	186.18	25.31	80.04	227.80	1,610.90
	b) Purchases of Stock-in-Trade	0.00	0.00	0.00	0.00	0.00
	c) Changes in inventories of finished goods, work-in-progress
	and Stock-in-Trade (Increase) / Decrease	(179.50)	(22.64)	24.87	(213.96)	148.54
	d) Employee benefits expense	53.70	41.53	54.56	175.93	181.70
	e) Finance costs	12.81	8.66	8.93	46.36	43.12
	f) Depreciation and amortization expense	2.81	2.87	3.84	11.40	15.57
	g) Other Expenses	125.66	116.82	101.13	487.84	348.37
	Total Expenses	201.66	172.55	273.37	735.37	2,348.20
5	Profit/(Loss) before exceptional and extraordinary items and tax (3-
		(120.63)	(153.79)	(152.67)	(27.43)	(450.27)
s	Exceptional items	0.00	0.00	0.00	0.00	0.00
ż	Profit/(Loss) before extraordinary items and tax (5-6)	(120.63)	(153.79)	(152.67)	(27.43)	(450.27)
8	Extraordinary items	0.00	0.00	0.00	0.00	0.00
$\overline{9}$	Profit before tax (7-8)	(120.63)	(153.79)	(152.67)	(27.43)	(450.27)
10	Tax Expenses:
	Current tax	0.00	0.00	0.00	0.00	0.00
	Deferred tax	0.00	0.00	0.00	0.00	0.00
	Tax adjustment of MAT	0.00	0.00	0.00	0.00	0.00.
11	Profit/(Loss) After tax for the period (9-10)	(120.63)	(153.79)	(152.67)	(27.43)	(450.27)
12	Other Comprehensive Income (OCI)	2.66	(1.30)	(25.71)	34.38	(23.21)
13	Total Comprehensive Income for the period (11+12)	(117.97)	(155.09)	(178.38)	6.95	(473.48)
14	Paid-up Equity Share Capital	1,002.91	1.002.91	1,002.91	1.002.91	1,002.91
15	Other Equity				1,377.70	1,370.75
	16 Earning Per Share- (' 5/- each)
	I) Basic:	(0.60)	(0.77)	(0.76)	(0.14)	(2.24)
	ii) Diluted:	(0.60)	(0.77)	(0.76)	(0.14)	(2.24)

Notes:

1 The above audited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 30.06.2021.

2 The statement of audited financial results for the quarter and year ended on 31st March 2021 are in compliance with the Indian

Accounting Standards (Ind As) prescribed under the Companies Act, 2013 and its Rules. 3 The Company operates in a single business segment namely " T.V. Content Production".

4 The figures have been rounded off / re-arranged / re-stated wherever necessary.

Dated : 30.06.2021 Place : Mumbai

(DHEERAJ KUMAR) Chairman & Managing Director DIN: 00018094

OF GREATIVE EYE LIMITED MUMBA

	Statement of Assets and Liabilities	As at 31st March 2021	(そ IN LACS) As at 31st March 2020
Sr.	Particulars	Audited	Audited
No.
A	ASSETS
4	Non-current assets	126.19	137.60
	(a) Property, plant and equipment	4.60	4.60
	(b) Investment property
	(c) Financial assets
	Investment	94.41	61.68
	(d) Other non current assets	101.72	180.07
	Sub-total - Non-current assets	326.92	383.95
$\overline{2}$	Current assets
	(a) Inventories	1,396.08	1,182.12
	(b) Financial assets
	Trade Receivables	9.67	392.57
	Cash and cash equivalents	6.60	7.44
	Bank balances and other than cash and cash equivalents	1.230.29	1,214.65
	Loans	13.24	10.74
	Others financial assets	22.30	26.41
	(c) Other current assets	363.19	359.26
		3.041.37	3,193.19
	Sub-total - current assets
	TOTAL - ASSETS	3,368.29	3,577.14
	EQUITY AND LIBILITIES.
в
4	Equity	1,002.91	1,002.91
	(a) Equity share capital	1,377.70	1.370.75
	(b) Other equity	2.380.61	2,373.66
	Sub-total - Equity
	Liabilities
	Non-current liabilities	40.70	38.59
	(a) Proviosions	40.70	38.59
	Sub-total - Non-current liabilities
	Current liabilities
	(a) Financial liabilities	509.93	472.22
	Borrowings
	Trade payables
$\overline{2}$ $\overline{\mathbf{3}}$	(a) Micro and Small Medium Enterprises
	(b) Others	369.65	616.82
	Other financial llabilities
	(b) Other current liabilites	60.68	65.36
	(c) Provisons	6.72	10.49
	Sub-total - Current liabilities	946.98	1,164.89
	TOTAL - EQUITY AND LIBILITIES	3,368.29	3.577.14
		OF CREATIVE EYE LIMITED	MUMBAI
		(DHEERAJ KUMAR)
	Dated : 30.06.2021	Chairman & Managing Director

CREATIVE EYE LIMITED

CIN: L99999MH1986PLC125721

A- Cash Flow From Operating Activities Net Profit/(Loss) Before Tax Adjustments for:- Depreciation Interest & Dividend Received Interest Expense Defined benefit plan expense-Gratuity Expected credit loss Sundry balances write off/ back Change in operating assets and liabilities: Decrease (Increase) in Inventories Decrease (Increase) in Trade Receivable Decrease (Increase) in Current Financial Assets - Loans Decrease (Increase) in Other Current Assets Decrease (Increase) in Current Financial Assets-Others Increase (decrease) in Trade Payables Increase ( decrease) in Current Other Financial Liabilities Increase ( decrease) in Other Current Liabilities Increase (decrease) in Long Term Provision Increase (decrease) in Short Term Provision Cash generated from operations Income Tax - Received (Paid) Taxation adjustment for earlier year MAT Credit Entitlement Net Cash generated by/ (used in) operating activities - (A) B- Cash Flow From Investing Activities Purchases of Fixed Assets Interest & Dividend Received	March 31, 2021 (2,743,449) 1,140,054 (B, 472, 223) 4,427,427 165,989 35,032,736 (1,041,892) (21, 396, 329) 3,257,540 (250,000) (392, 729) 411,012 (23, 674, 870) (467, 884) 211,449 (377, 523)	March 31, 2020
		14,853,691 26,609
		(45,027,394) 1,556,749 3,498,059 17,516,372 64,891,200 647,162 32,386
		(8,640,033) 1,350,000
		(357, 476)
		(81, 300)
		(1, 268, 336) (39,669,639) (5,039,452)
	(14, 170, 692)	4,288,658
	7,834,739	(3,025,591)
	(6, 335, 953)	1,263,067
	8,472,223	8,640,033
Net Cash generated by investing activities - (B)	8,472,223	8,640,033
C- Cash Flow From Financing Activities
Proceeds from/(Repayment to) Loan Fund	3,770,951	(5,884,128)
Interest Expense	(4, 427, 427)	(3, 498, 059)
Net Cash provided by financing activities - (C)	(656, 476)	(9, 382, 187)
Net Increase in Cash and cash Equivalents (A+B+C)	1,479,794	520,913
Add: op. Balance of cash and cash Equivalents	122,208,946	121,688,033
Closing Cash and cash Equivalents	123,688,740	122,208,946
	For CREATIVE EYE LIMITED	EE)

$\mathcal{L}(\mathbf{r})$ ELMUMBA (DHEERAJ KUMAR) Chairman & Managing Director

Mumbal 30th June, 2021

DIN: 00018094

ANNEXURE B

---

Auditor's Report on Quarterly Financial Results and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.

To Board of Directors of Creative Eye Limited

Report on the audit of the Financial Results

Opinion

We have Audited the accompanying statement of quarterly and year to date financial results of Creative Eye Limited (the "Company") for the quarter ended March 31, 2021 and for the year ended March 31, 2021 ("Statement"), attached herewith, being submitted by the Company Pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)

In our opinion and to the best of our information and according to the explanations given to us, the statement:

• i. is presented in accordance with the requirements of the Listing Regulation in this regard; and
• ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net loss and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2021 and for the year ended March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Financial Results" section of our report. We are independent of the company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Financial Results

The Statement has been prepared on the basis of the annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net loss and other comprehensive income of the company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the ~

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www.ngsco.in B - 46, 3m Floor, Pravasi Estate, V N Road, Goregaon (E), Mumbai - 400 063. Tel.: +91. 22. 4908 4401 I Email: info@ngsco.in

provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgment and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

r

Our objectives are obtain reasonable assurance about whether the statement as a whole is free from material misstatement, whether due to fraud or error, and to issue and auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from or error and are considered material if, individually or in the aggregate, they could reasonably expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also;

• Identify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in circumstances. Under Section 143(1)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors .
• •

are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the statement, including the disclosures, and whether the Statement represents the underlying transaction and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirement regarding independence, and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The Statement includes the results for the quarter ended March 31, 2021 being the balancing figure between the audited figures in respect of the full financial year March 31, 2021 and the published unaudited year to date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For NGS & Co. LLP

Partner Membership Number: 046669 Mumbai June 30, 2021

UDIN: 21046669AAAAKZ3510

ANNEXURE -C

CREATIVE EYE LIMITED

June 30, 2021.

The DCS - CRD

Bombay Stock Exchange Limited Pheeroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai 400 001

The DCS - CRD

National Stock Exchange of India Limited. Exchange Plaza, 5^th Floor, Plot No - C Block, G Block, Bandra Kurla Complex, Mumbai 4000 51

Ref: BSE Scrip Code: 532392 & NSE Scrip Code: CREATIVEYE

Sub: Declaration pursuant to Regulation 33 (3) (d) of the Securities & Exchange Board of India |Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Circular No, DCS/COMP/04/2016-17 dated June 01, 2016. I hereby declare and confirm that the Statutory Auditors of the Company M/s NGS & Co LLP, Chartered Accountants (Firm Registration No-119850W) have issued an Audit Report with unmodified opinion on the Standalone Audited Financial Results of the Company for the quarter and financial year ended March 31, 2021.

Kindly Take this Declaration on your Record.

Yours faithfully, For CREATIVE EYE LIMITED

Dheeraj Kumar Kochhar Chairman and Managing Director. DIN-00018094