Industry Overview

The Global business environment is becoming more competitive than ever. As a result, this is forcing businesses to seek newer ways to improve their efficiency, lower operating costs, be more responsive to customer needs, and brings new products to market faster. This drive to improve results has resulted in a burgeoning interest in technology management ranging from the acquisition to the exploitation of new technologies. While many technologies are of primary interest to one or two industries, almost all industries have an interest in information technology most companies cannot operate without computer system. These have been employed in nearly all business areas from education to manufacturing to construction. Management is becoming aware that their competitive edge may depend on the ability of their computer and communication systems to respond quickly to changing business needs. This means that businesses must keep abreast of competitive moves in the use of computers and in many cases be prepared to stay ahead of their competitors. Having access to the latest technological advancements may be a major factor that will give a business that extra competitive edge.

Opportunities and Threats

The Economic demand slow down presents at real challenge to growing volumes. The inflation figures and recent emerging developments across the world such as Covid-19 Pandemic has potential to affect the activities of the industry.

Segment wise performance

The existing projects of the company are under process and no new serial projects have being started this year as the viewership has decreased rapidly in last few years. The company focuses on completing the remaining projects and also by the line does cost cutting so as to survive in the competitive environment. Due to the Covid-19 Pandemic the operations of the back office have being seriously affected.

Outlook

The Indian Media & Entertainment industry has being on a growth path but this year may show a decline in the same due to corona virus pandemic caused. Value creation for our shareholders is our perennial motto. We continue to make concrete strategies to ensure we leverage our leadership market position. We continue to create capabilities, infrastructure, content and platforms aligned to emerging consumer preferences and audience behaviour

Risks & Concern

The Situations arised due to the pandemic caused can slowdown the progress of the company and which may lead to negative consequences on a Companys business. Risk management is a structured approach to manage uncertainty. It involves identifying potential risks, assessing their potential impact, taking timely action to minimize potential impact and continuous monitoring of identified risks. Your Company has a robust risk management process to identify and assess business risks and opportunities. Your Companys risk management plan describes the potential risk, contains an analysis of the impact of risks and includes risk strategies to help the business reduce the consequences. The risk management plan of your Company is regularly reviewed to ensure that it accurately reflects the current potential risks to its business.

Performance of our Company

During the year under review, the Companys total turnover is nil, and hence loss widened to Rs. 410,135 /- as compared to net loss of Rs. 261,990/- incurred last year.

Internal Control Systems

Your Company has in place adequate internal control systems commensurate with the size and nature of its business. Internal control systems comprising of policies and procedures are designed to ensure reliability of financial reporting, timely feedback on achievement of operational and strategic goals, compliance with policies, procedures, applicable laws and regulations, safeguarding of assets and economical and efficient use of resources. The system is assessed periodically. The Internal Audit team continuously monitors the effectiveness of the internal control systems. It reports to the Audit Committee about the adequacy and effectiveness of the internal control system of your Company.

Financial Performance:

a. Share Capital:

The Paid up Share Capital of the Company as on 31^st March, 2020 stands at Rs. 10,00,07,000/-divided into 1,00,00,700 equity shares of Rs. 10/-each fully paid up.

b. Reserves and Surplus:

The Reserves and Surplus is Rs. 327,368,087/- as on the end of the Current year.

c. Total Income:

During the year under consideration, total income is Rs. 1,290,621/ - Employee Relations

Company had smooth relations with its employees during the year under review.

Material Development in Human Resource

The Company continues to have excellent employee relations. Your Directors acknowledge and thank the employees for their continuous support. The Company has strong commitments to follow the best of the HR practices and believes in up-lifting the overall competence of its employees through regular training, workshops and seminars.

Details of significant changes (i.e. change of 25% or more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanations therefore:

Particulars	FY 19-20	FY 18-19	Reason for change
Debtors Turnover	0.00 Times	0.00 Times	N.A.
Inventory Turnover	0.00 Times	0.00 Times	N.A.
Interest Coverage Ratio	0.00 Times	0.00 Times	N.A.
Current Ratio	8.55 Times	23.86 Times	Reduction is mainly due to utilization of funds in incurring expenses thereby reducing cash and bank balance
Debt Equity Ratio	0.00 Times	0.00 Times	N.A.
Operating Profit Margin (%)	0.00%	60.29%	Company could not have any Service Income during the year and earlier year Company could sell some old serial rights it held.
Net Profit Margin (%)	(31.78%)	(57.47%)	Company had higher interest Income and it helped in reducing losses during the year
Return on Networth	(0.10%)	(0.06%)	N.A.

Details of any change in Return on Net Worth as compared to the immediately previous financial year along with a detailed explanation thereof:

Company has incurred losses during the year and Return on Net Worth is negative, however there is no Major Change in Return on Net Worth as compared to previous year.

Cautionary Statement

Statements in the Management Discussion and Analysis describing the Companys objectives, projections, estimates and expectations may be forward looking statements within the meaning of applicable securities, laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could influence the Companys operations include economic developments within the country, demand and supply conditions in the industry, input prices, changes in Government regulations, tax laws and other factors such as litigation and industrial relations.

For Unistar Multimedia Limited

	Sd/-	Sd/-
	Suresh Bafna	Darshika Shah
Date: 05th September, 2020	Chairman	Managing Director
Place: Mumbai	DIN: 01569163	DIN: 07143261