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Background of the company

Divine Entertainment conducts its affairs in a fair transparent and professional manner. The company believes that good Corporate Governance practices enable the Board to Direct and control the affairs of the company in an efficient manner. As such, the company steps to put in place the system of Corporate Governance as per the guidelines provided in Clause 49 of the Listing Agreement. Further with the formation of the various committees within the organizations, the company also complies with various provisions of the Companies Act, 1956 as well as SEBI and Stock Exchange requirement. As per the norms prescribed under Listing Agreement being applicable to the company and in compliance to Section 292A of the Companies Act, 1956, the company had partly complied with the code of corporate governance on 31st March, 2011.
 

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

(1) OPERATING RESULTS OF THE COMPANY

During the Financial Year under consideration the performance of the Company was satisfactory.

 

(2) INDUSTRY STRUCTURE AND DEVELOPMENT

The Indian film industry is witnessing increased corporatization and several companies, especially those in film distribution and exhibition. The country is today producing some of the finest films based on varied subjects and winning accolades on all counts.

 

(3) OPPORTUNITY:

  • The television industry is witnessing the mushrooming of more niche channels. Here again, emerging technologies such as broadband, 0TH, IP and digitalization will bring about more growth.


  • Technology is changing the rules of the film industry just as it did for the music industry. With the growing interest from consumers to get movies and video content in different ways with different options, filmmakers and distributors are turning to technology to meet their demands. New technology like Windows Media 9 Series strives to achieve higher quality, greater efficiency, and greater audience reach all while driving down costs. All of these benefits open up new distribution opportunities to the film industry

(4) THREATS:

  • With the increase in business segment, the competition has increased from Domestic and other developed countries.
  • Threats for this Industry are very common and every person is aware of the threats and the risks involved with this Industry.

(5) PROSPECT & OUTLOOK

The Company presents the analysis of the Company for the year 2015-2016 & its outlook for the future. This outlook is based on assessment of the current business environment. It may vary due to future economic & other developments, both in India and abroad.

(6) RISKS AND CONCERNS

The Company has taken adequate preventive ad precautionary measures to overcome all negative factors responsible for low trend to ensure steady growth.