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Cinerad Communications Limited was incorporated as aPrivate limited Company on 17th September 1986 and wassubsequently converted to a Public limited Company rideSpecial Resolution passed on 2.10.1994 and obtained FreshCertificate of incorporation dated 1st November 1994issued by the Registrar of Companies Maharashtra Bombay.Since its inception in 1986 the Company was involved inthe production of advertising films. Its client baseincluded corporate entities from various segments ofindustry. An indicative list of clients for whomadvertising films were produced by the Company is givenbelow :COMPANY PRODUCT COMPANY PRODUCTHMT Ltd Utsav Watches Herbertsons LtdBagpiper Gold WhiskeyRamada Hotels Ltd Goa Renaissance Grasim Industries Graviera Suitings ResortGodrej Soaps Ltd Hi Foam Super Biz. Everest Ad.Pvt Velvette Shampoo. Godrej Shikakai. Ltd. LML Vespa. Godrej Liquid Cleaner.Tata Chemicals Ltd. Shudh Detergent Grey Switzerland India Tourism Ezee Liquid (Geneva) Super 501Transgulf Design India Tourism Butler Lutos India Tourism& Advertising Sutton Wilkinson(Dubai) (London)In addition the company had produced two India Tourismcommercials for McCann Direct New York a division of McCannErickson currently one of the largest advertising agencies inthe world.PRESENT ACTIVITIESFrom 1993-94 the focus of the Company''s activities has changedfrom the production of advertising films to the planning andestablishment of a Digital Video Editing and Computer GraphicsFacility. The Company had at that time taken a policy decisionto concentrate entirely on this new project and cease productionof advertising films. The other Group concerns would continue tohandle the production end of the business. The revenue figuresfor 1993-94 given below reflect this policy decision.MAIN OBJECTS OF THE COMPANYThe Main Objects of the Company as set out in the Memorandum ofAssociation are as follows:To act as Motion Picture Producers in talkie version orotherwise in 70mm 35mm 16mm 18mm or otherwise in Hindustanversion or otherwise in any colour - Eastmancolor TechnicolorGevacolor or otherwise or Black and White or otherwiseincluding documentaries and advertising films and to let thesame on hire or otherwise for distribution or exhibition or tosell the same wholly or such part thereof or part rights thereoffor such consideration or upon such terms and conditions as maybe deemed necessary or expedient.Apart from the above sub-clause 11 of Incidental or Ancillaryobjects provides as under:To buy make produce take on hire or otherwise acquire allnecessary machinery cameras instruments apparatus toolssound recording sets reproducing sets reproducing machineslighting sets chemicals dresses ornaments furniturephotographic and optical goods cinematographic filmsbroadcasting and receiving sets and television sets materialfor setting decorating or any other articles required inconnection with the business of the Company and to deal in allor any of them inclusive of by selling or leasing them out fromtime to time.