Corporate Accounting Assignment

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  • Topic: Sun Network, Balance sheet, Television stations in India
  • Pages : 23 (5418 words )
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  • Published : January 11, 2013
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CORPRATE ACCOUNTING

ASSINGMENT

By N.Santhoshni
B.Com(general)
2nd Year

SUN TV NETWORK
LIMITED

CONTENTS

Company’s Profile4
Founder Of The Company5
Corporate Information6
History Of The Company7
Approval Of Merger8
Subsidiaries10
Products And Operations11
Financial Information13
Notes To Accounts16
Shareholding Pattern22
Auditors’ Report23
Conclusion30

COMPANY’S PROFILE

SUN TV LIMITED

TypePrivate
IndustryMedia, film production, distribution, telecommunication Founded1993
HeadquartersChennai, Tamil Nadu, India
Area served27 countries including U.S.A, Canada, Europe, Singapore, Malaysia, Srilanka, South Africa, Australia and New Zealand Key peopleKalanidhi Maran
ProductsSun TV
Dinakaran
Suryan FM
Red FM 93.5
Sun Pictures
Sun Direct DTH
ParentSun Group
WebsiteSun TV Network Web site

FOUNDER OF THE COMPANY

Kalanithi Maran
Born1964
Tamilnadu
India
OccupationEntrepreneur
Known forFounder of Sun Network
Net worthUS $ 4 billion (2010)
SpouseKaveri
ChildrenKavya

CORPORATE INFORMATION

BOARD OF DIRECTORS:
Kalanithi Maran-chairman & Managing Director
Kavery Kalanithi-Joint Managing Director
S.Selvam-Director
S.Sridharan-Independent Director
J.Ravindran- Independent Director
M.K.Harinarayanan- Independent Director
Nicholas Martin Paul- Independent Director

SECRETARY:
R.Ravi-Company Secretary & Compliance Officer

BANKERS:
City Union Bank,Mandaveli,Chennai.
Royal Bank Of Scotland,N.V,Chennai.
Kotak Mahindra Bank,Teynampet, Chennai.
Standard Chartered Bank,Haddows Road, Chennai.
KVB, Teynampet, Chennai.
ICICI Bank, Teynampet, Chennai.
HDFC Bank,ITC Centre, Chennai.
Axis Bank,Mylapore, , Chennai.
Corporation Bank, Mylapore, Chennai.
Indian Bank,Kodambakam, Chennai.

AUDITORS:
M/s S.R.Batliboi & Associates,
Chartered Accountants,
TPL House,Second Floor,
3,Cenotaph Road,Teynampet,Chennai-18.

REGISTERED OFFICE:
Murasoli Maran Towers,
73,MRC Nagar Main Road,
MRC Nagar,Chennai-28.
OFFICERS:
K.Vijaykumar-Chief Operating Officer
V.C.Unnikrishnan-Chief Financial Officer
S.Kannan-Chief Technical Officer
HISTORY OF THE COMPANY

Our Company was incorporated as Sumangali Publications Private Limited on December 18, 1985. The word `private' in the name of our Company was deleted with effect from July 1,1996 pursuant to Section 43A(1A) of the Companies Act, 1956. The name of our Company was changed to Sun TV Limited by a special resolution of the members passed at an extraordinary general meeting held on March 23, 2000. The fresh certificate of incorporation consequent to the change of name was granted to our Company on March 27, 2000, by the Registrar of Companies, Tamil Nadu. The word 'private' was reinserted in the name of the Company by the provisions of Section 43A(2A) of the Companies Act, 1956 on October 9, 2001. The status of our Company was subsequently changed to a public limited company by a special resolution of the members passed at an extraordinary general meeting held on December 15, 2005. The fresh certificate of incorporation consequent on change of name was granted to our Company on December 27, 2005, by the Registrar of Companies, Tamil Nadu. Additionally, the registered office was shifted from 182, Kodambakkam High Road, Chennai 600 034, India to 367/369, Anna Salai, Chennai 600 018, India with effect from December 12, 2005 by a resolution of our Board...
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