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Dish TV - WISH KARO DISH KARO dishtv is India’s first direct to home entertainment service that has digitalized Indian entertainment to bring to your home the best in television viewing through the latest in digital technology. It not only broadcasts high quality programmer straight from the satellite to your home, but also gives you absolute and complete control of what you watch and pay for. It is almost like having your own satellite up in the sky. With dishtv you can unleash the true potential of your high-end television set and complete your TV viewing experience with true DVD quality. If you are a connoisseur of good sound then make sure you experience true stereophonic sound effects, which only dishtv can bring to your home. dishtv takes television viewing to the next level as it supports various futuristic features like Electronic Programme Guide, Parental Lock,
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Page 1: Dish Tv - Wish Karo Dish Karo

Dish TV - WISH KARO DISH KARO

dishtv is India’s first direct to home entertainment service that has digitalized Indian entertainment to bring to your home the best in television viewing through the latest in digital technology. It not only broadcasts high quality programmer straight from the satellite to your home, but also gives you absolute and complete control of what you watch and pay for. It is almost like having your own satellite up in the sky.

With dishtv you can unleash the true potential of your high-end television set and complete your TV viewing experience with true DVD quality. If you are a connoisseur of good sound then make sure you experience true stereophonic sound effects, which only dishtv can bring to your home.

dishtv takes television viewing to the next level as it supports various futuristic features like Electronic Programme Guide, Parental Lock, Capacity up to 400 channels, Games, Interactive TV, Movie on Demand etc.

dishtv also brings you exclusive National and International channels for the first time in India! You can enjoy all of these never-seen -before channels in uninterrupted viewing without any transmission cuts.

Brought to you by a Zee Network Enterprise, dishtv has changed the face of the Indian television home, bringing it at par with the global entertainment industry.

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People Speak

» R.Iniyan,Head – Operations

» Ranjit Srivastava,Dy. Company Secretary

» Manu Sirohi, Executive - Sales Support

» Ashima Sehgal, Sr.Executive - Finance and Accounts

» Anurag Kull, Shift Manager – Quality

» Saurabh Sharma, Head – Key Accounts

» Manprit Singh, Manager – LAN Network

R.IniyanOperations

It has been a wonderful experience being a part of the Dish TV family. The Dish family members participate actively in creating a culture of innovation that encourages fun and stimulates creativity. Work gets done in an atmosphere that fosters joy, productivity and integrity. This is one company which really puts the employee first in their agenda. Team members feel really valued & recognized here. 

It has been exciting to be a part of the company during its successful transition from a monopoly operator into a fast thinking and fast acting competitive entity.

Ranjit SrivastavaDeputy Company Secretary and Investor Relation Officer

I joined Dish TV in 2006 and am proud to be associated with India’s First

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DTH Company, and a part of renowned Essel Group and this association has been a source of great learning for me as an individual and as a professional. The Company has strongly focused on strategy, brand building, processes, combating competition and customer orientation and satisfaction. 

Across the Essel Group, the management actively plans for developing employee skills and knowledge. During the last couple of years lot of efforts have been made towards employees’ welfare and performance is reviewed, appreciated and adequately rewarded. The management has been able to create a sense of camaraderie among the entire Dish TV force and being in Dish TV feels like being in my own family.

Manu SirohiSales Support

I am grateful to my collegues, supervisors and Dish family as a whole, who have helped me to evolve as a better individual. Here, I have learnt how business can excel even with all ethics and values in place to make organization the best in its endeavor. I wish to provide my services to Dish to retain its no.1 tag in DTH business always.

Ashima SehgalFinance & Accounts

Dish TV is like an extended family for me. The greatest reward that my company has given me is freedom to learn and sense of belonging which has resulted in a determined effort to give my best and take ownership of every task in hand. Senior management is highly approachable, open interaction is encouraged and outstanding performance is rewarded. I feel proud to be associated with Dish TV.

Anurag KullOperations

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Joined in January 2005 as Team Leader- Quality, came from operations exposure.

It’s been a great working experience throughout. Company’s support has enhanced my skills to a great extent. I have been given six sigma training and after completing it successfully, I am also a certified internal auditor (ISO 9000:2000). I am grateful to constant trainings and reviews that has enriched my experience and appreciate the management’s warm approach.

After a year and a half, I have been promoted as a Shift Manager. Unlike other companies, Dish TV possesses a good working culture where you have the liberty to approach the top management. It is a privilege that the company always identifies the talent and gives you the platform to prove self.

Saurabh SharmaCorporate Sales & Key Accounts

Dish TV has provided me opportunities with a high degree of cross-functional content, thereby adding immense value and rich content to my work profile. Exposure to different functions has broadened my role from a traditional sales manager to a general manager, enabling me to drive my vertical with complete responsibility and accountability.

The company has helped me develop/hone skill sets to take on jobs with greater responsibility and I have benefited from company’s policy of Job Rotation, being assigned different roles across functions, over a period of time.

Manprit SinghInformation Technology

Joined Essel Group in 2000, and found out that the company was having multiple projects to work on, which was very exciting.  Within a year I was chosen for the DTH project team i.e. from 2002 onwards and became the

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core team member of Dish TV.  For efficient and hardworking   person this organization is very good.  As different   and varied projects are going on   and one get the chance to work on them. Here also management gives full freedom to work, and give new ideas.  As company takes very minimum consultancy and more dependent on in house resource with that employees get motivation as well as experience in different field.

OUR LINEAGE 

dishtv is an Essel Group venture. Essel Group has a vast range of national and global business interests that include media programming, broadcasting & distribution, speciality packaging and entertainment.The businesses have close synergies in the areas of content, distribution and infrastructure.

Continuing with the same path-breaking tradition, the group now brings to you a new era of digital quality TV viewing.

» Essel Group Ventures

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India's Largest Online Gaming

Premier Animation Studio

Family Entertainment Centres

Asia's Largest Amusement Park

» What is dishtv?

dishtv, the ground breaking direct-to-home digital entertainment service brings the power of choice to you. Entertainment in your language of choice and packages to suit preferences and budget. Over 180 channels on offer and growing.

» How does it work?

dishtv uses a single satellite, that sends signals directly to your personal Minidish. All channels are bounced off this satellite, and brought directly to your TV set via the Dish. It offers you better picture quality as the picture is completely retained in digital format.

» How is it better than the existing cable system?

Besides elevating you to a new technology dishtv offers you an option of complete freedom from the friendly neighbourhood cable guy. Going the Direct to Home way has innumerable other advantages that change the way you watch television forever:

India's First Satellite Channel

India's Leading Cable network

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Superior Picture quality, just like watching a DVD

Stereophonic Sound

Capacity up to 400 channels

Geographic Mobility

Uninterrupted Viewing

Video Games

Exclusive International Channels

Parental Lock facility

Electronic Programme Guide

» I already have cable TV. Can I also get dishtv to work on my TV set?

No Problem!. dishtv is digital and direct, that means when you choose to install dishtv, you need not disturb your cable connection, just install your own Dish, simply connect the Digibox to your existing TV, insert your personal unique Viewing Card and you are ready to go!

Infact you can watch television without disturbing your existing cable connection in normal TV mode and dishtv in AV mode, by choosing the AV option from the remote of your TV set. That means both the inputs can be used simultaneously

» How will I know about new channels introduced?

Whenever there are new channels, you as our valued customer will be informed first through our website, dish interactive channel, e-mailers, dealers and of course you can stay updated by calling our customer care at 1-901-180-3474 or 0120–4443474.

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» My TV set has only limited number of channels, how can I view more number of channels that dishtv offers?

The Digibox provided by dishtv enables a large number of channels to be viewed irrespective of the number of channels supported by your TV set. Digibox supports up to 400 channels.

» What is a viewing card?

A Viewing Card is a credit card sized Smart Card, which contains information about the channels that the customer has subscribed to. When inserted in the Digibox it enables viewing of the channels chosen by the subscriber. You must take care of this card and note down its unique VC Number in a safe place and mention it in your every communication with us.

» How do I make payments?

You can pay your subscription fees:

Directly through your dealer through cheque at the time of installation

Through Credit Card on this site

Through ITZ Cash Card, a prepaid card

Through Easy Bill, cash or cheque deposit

Through Electronic Clearance Scheme

Cash to dealer

Pay Order / Demand Draft / At Par Cheque

MDU

» What is MDU?

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The Multi Dwelling Unit, it is customsied solution for wiring multiple houses within the same building with a single Dish Antenna. A common dish installed on the terrace of the building powers TV sets in multiple home in the building through a cable, which runs into each apartment. For this, permission of the society is required for cabling the premises. And once installed, members have the choice of subscribing to the connection, to get their set activated from the direct / dealer sales team.

» Why MDU?

The Dish Antenna captures the signals and transmits them through multiswitches on to the individual digiboxes in the subscribers's apartment. The setup is customised combination depending on the number of connections and the connectivity structure of the society.

DISH MAXI PLUS Rs.325* per month 

The dish Maxi Plus package includes dish Maxi + CNBC Pack (CNBC TV18, CNN IBN, CNBC Awaaz) You can customise your dish Maxi Plus package by selecting one regional bouquet of your language, out of the 8 regional bouquets on offer. To subscribe the bouquet you are required to pay monthly subscription of Rs. 325 taxes included.

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» Hindi/English Entertainment

Zee TV Play Tv Sony Star One Star Plus Sab TV Zee CafeNDTV Imagine

   

Star WorldZone Reality

AXN Zoom Zee Next 9X Zee Smile  

» Fashion

» Music

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» Infotainment

» Sports

Star Sports ESPN Zee Sports Ten Sports Star Cricket

» Dish Marathi

   

PRICING

dishtv provides you with a range of price offers & schemes, giving you the power to choose from 200 plus channels and services. Whats more, dishtv offers you set top box Free with Rs. 4290 offer. dishtv allows you to choose from a range of packages specific to your needs and pocket.

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» dish Maxi & Maxi Plus offer

With this offer, you can get your own dishtv along with 140 exciting channels.

Price includes installation and activation charges.

Available across the country

» dish Happy Home Offer

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» Hattrick offer

Sports includes 1year of free ESPN, Star Sports, Star Cricket, Zee Sports & Ten Sports

Free Gaming for 1year on Playjam

33 movies worth 1990 free on Movie on Demand.

Installation charges Rs 200 extra.

Available in Tamil Nadu, Kerala, Karnataka, Andhra Pradesh & Pondicherry.

TV STB

» STB

STB is also known as set top box. It is the digital recorder or receiver which is a small sized box required to receive dishtv signals. STB receives the signals from Minidish and then decodes it. Every STB is uniquely numbered (a unique serial number is printed on every STB. No two boxes can have the same serial number). This serial number is called the STB

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number. There is a remote that comes with the STB that makes it easy to operate.

Chairman Statement

Mr. Subhash ChandraChairman, Essel Group

Dear Stakeholders,

The DTH category in India, though nascent, is going through an explosive paceof evolution. Your Company is placed at a vantage position as we enter into yetanother exciting phase that will see even steeper escalation across metrics. Theyear gone by has given us revenue of Rs 4170 million, a growth of over 116 % over the previous year, driven by a rapidly growing base of subscribers, higherARPU’s and wider revenue streams. We ended the fiscal with a registeredsubscriber base of 3.4 million and a 59% market share in the category. Of this,1.04 million subscribers came on board in the current year, a commendableacquisition record, despite the emergence of added competition.

In a growing business, where resource enhancement is a must, it is noteworthy that the higher pace of revenue growth has been complemented with a slower increment in expenses at 66% during the year, through cost effectiveness and optimum utilization of existing infrastructure. Further, the

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EBIDTA loss has been restricted to 53% of revenue, as against 99% of revenue in the previous year.

The width of our content continues to maintain a commanding position in the category, with 205 digital channels and services being carried today. Of this 30 new channels have been augmented in the current fiscal. Being a harbinger of entertainment for our viewers, superior quality and quantity of content remains at the core of our product strategy.

MARKET SCENARIO

The category has expanded by 34% this year whilst your company has achieved a heartening market share of 47% during the year, among three players. Going forward too, spurred by the entry of more competition, we would continue to drive acquisitions at an even heightened momentum.

As the country readies up for a hectic phase of digitization, DTH revenues are estimated to grow exponentially to a staggering Rs 200,000 million in FY12. This buoyant demand will be boosted by India’s consumption boom and rising disposable incomes, specially on non-food items and leisure, particularly media. A dearth of entertainment options outside the home, coupled with better services and offerings will be the key demand drivers for DTH. The Indian Government’s push to introduce addressability of C&S homes on pay TV platforms, is a near term catalyst.

Though the Indian DTH industry is expected to mirror the telecom growth story, it is distinct too. The variance stems from the content cost element in DTH which leads to dependence on higher ARPU’s for recovery of EBIDTA margins. Your company is already experiencing a gradual improvement in ARPU through a two tiered approach. Firstly, by segmenting the consumer needs into 4 different price points, with distinct content consumption. The second stride, initiated recently, is to graduate every subscriber into usage of VAS and a-la-carte services.

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FINANCIALS 

| Annual Reports   |  General Meetings   |Earning Release   |  Investor Updates  |

Highlights FY 2007-08

REVENUE INR  4,127.44Million

EBITDA INR (2,166.22)

Million

NET PROFIT BEFORE EXCEPTIONAL ITEMS INR (4,132.05)

Million

NET PROFIT AFTER EXCEPTIONAL ITEMS INR (4,132.05)

Million

TOTAL ASSETS INR  9,860.15Million

SHARES OUTSTANDINGNos.

428222803  

 

Financial Performance

DTH REVENUE/ INCOME FROM OPERATIONS (%) 94.30  

TELEPORT REVENUE/ INCOME FROM (%)   2.72  

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OPERATIONS

SALES/ INCOME FROM OPERATIONS (%)   2.99  

 

Balance Sheet

D/E Ratio (Loans/Effective Net Worth) (x)        (1.16)  

Current Ratio (x)        (2.27)  

 

Per Share Data (Annualised)

Revenue Per Share INR         9.71  

Face Value Per Share INR1.00  

EPS(Before Exceptional Items) INR(9.65)  

 

Number of Subscribers (Gross)Nos. 3.00

Million

As on March 31, 2008

 

CORPORATE RESTRUCTURING

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1.   The Appointed Date for the Scheme was 1st day of April, 2006.

2.   As per the Scheme, the entire DCS Business Undertaking of Zee Entertainment Enterprise Ltd. “ZEEL” (erstwhile Zee Telefilms Limited) along with Siti Cable Network Limited (“Siti”) and New Era Entertainment Network Limited (“NEENL”) has, pursuant to the provisions of Sections 391 to 394 and other relevant provisions of the Act, without any further act, instrument or deed, have been transferred to and vest in or Dish TV India Ltd. “Dish TV” (erstwhile ASC Enterprises Limited), as a going concern, so as to vest in Dish TV all the rights, title and interest of the Applicant Company therein, subject to subsisting charges and pledges, if any.

3.   Dish TV has, without any application or deed, issued and allotted equity shares, credited as fully paid up, to the extent indicated below, to the members of ZEEL holding fully paid-up equity shares in the Applicant Company and whose names appear in the register of members of the Applicant Company on the Record Date or to such of their respective heirs, executors, administrators or other legal representatives or other successors in title as recognized by the Board of Directors of the Applicant Company as follows:

“23 (Twenty Three) fully paid up equity shares of Re.1 each of Dish TV issued and allotted for every 10 (Ten) equity shares of Re 1 each held in ZEEL”.

4.   The fully paid-up equity share capital of Dish TV after giving effect to the entitlement of shares as above have been reduced as follows:

“The reduction has been effected by canceling 3 (Three) equity shares of Re.1 each fully paid–up for every 4 (Four) equity shares of Re.1 each fully paid–up held in Dish TV.”

5.   After giving effect to capital reduction as stated above, Dish TV has issued and allotted its shares in following ratio to the shareholders of ZEEL as on record date viz. February 20, 2007

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‘5.75 fully paid up equity shares of Re. 1 each of Dish TV for every 10 equity shares of Re. 1 each held in ZEEL’

6.   No coupons have been issued in respect of fractional entitlements, if any, by Dish TV, to the members of ZEEL at the time of issue and allotment of Equity Shares as above. The Board of Directors of Dish TV have consolidated all fractional entitlements, arising due to the demerger of the DCS Business Undertaking and allotted Equity Shares in lieu thereof to Mr. Jawahar Goel, Managing Director of the Company, who shall hold the Equity Shares issued by Dish TV, in trust on behalf of the members entitled to fractional entitlements with the express understanding that he shall sell the same in the market at such time or times and at such price or prices and to such person or persons, as it/he/they may deem fit, and pay to Dish TV, the net sale proceeds thereof, whereupon Dish TV shall distribute such net sale proceeds, subject to taxes, if any, to the members in proportion to their respective fractional entitlements.

7.   With effect from the Appointed Date and pursuant to the provisions of the Scheme, the Undertaking of Siti Cable and NEENL including all the assets and liabilities have been transferred and vested in Dish TV pursuant to the provisions of Section 394 and other applicable provisions of the said Act so as to become as and from the Appointed Date, the assets, estates, rights, title, interest and liabilities of Dish TV, subject to subsisting charges, hypothecation and mortgages, if any.

8.   Upon the merger of Siti Cable and NEENL into Dish TV, the entire equity capital of the Transferor Companies have automatically cancelled and there will not be any issue and allotment of shares of Dish TV.

9.   The Shares of Dish TV shall be listed on all the stock exchanges on which the shares of ZEEL are listed as on the Effective Date.

SHARE CAPITAL

PRE SCHEME OF ARRANGEMENT 

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Number of Shares Rupees

Authorised Capital  

730,000,000 Equity Shares of Re.1/- each 730,000,000

Total 730,000,000

   

Issued, Subscribed and Paid-up  

715,687,650 Equity Shares of Re.1/- each fully paid up

715,687,650

Total 715,687,650

   

POST SCHEME OF ARRANGEMENT

Number of Shares Rupees

Authorised Capital  

730,000,000 Equity Shares of Re.1/- each 730,000,000

Total 730,000,000

   

Issued, Subscribed and Paid-up  

428,222,803 Equity Shares of Re.1/- each fully paid up

428,222,803

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Total 428,222,803

CORPORATE GOVERNANCE

| Board of Directors | Board Meetings | Board Committees | Remuneration Policy | General Body Meetings | | Disclosure | Means of Communication | Code of Conduct |3.

» Company's Philosophy on Code of Governance

Corporate Governance Philosophy of Dish TV India Limited (Dish TV) stems from its belief that the  Company’s business strategy, plans and decisions should be consistent with the welfare of all its  stakeholders,

including Shareholders, viewers etc. Good Corporate Governance practices  enable a Company to attract financial and human capital and leverage these resources to maximize long-term shareholders’ value, while preserving the

interests of multiple stakeholders, including society at large. Corporate Governance at Dish TV is founded upon 4 pillars of Core Values viz.,

Transparency, Integrity, Honesty and Accountability. Your Company has laid strong foundation for making Corporate Governance a way of life by

constituting a Board with a balanced mix of professionals of eminence and integrity from within and outside the business, forming a core group of top executives, inducting competent professionals across the organization and

putting in place system, process and technology. 

We believe that sound Corporate Governance is critical to enhance and retain stakeholders’ trust. Accordingly we always seek to ensure that we

attain our performance rules with integrity. Our Board exercises its fiduciary responsibilities in the widest sense of the term. Our disclosures

always seek to attain best practices in international Corporate Governance. We also endeavor to enhance long term shareholders’ value and respect

minority rights in all our business decisions. EVENTS CALENDAR

2008 Events

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August 28, 200820th Annual General Meeting of the Company

June 28, 2008Declaration of Un-Audited Financial Results for the 1st Quarter ended June 30, 2008.

June 18, 2008Declaration of Audited Financial Results for the 4th Quarter and Year ended March 31, 2008.

May 29, 2008 Extra Ordinary General Meeting

April 24, 2008

- Approval of Financial Results for the interim period   ended on December 31, 2007. - Approval for issue of additional shares on Rights   basis.

January 25, 2008Declaration of Un-Audited Financial Results for the 3rd Quarter ended December 31, 2007.

January 4, 2008 Extra Ordinary General Meeting

2007 Events

December 5, 2007 Private Placement of Equity Shares /

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Equity Warrants

October 22, 2007Declaration of Un-Audited Financial Results for Quarter ended September 30, 2007

August 03, 2007 19th Annual General Meeting

July 16, 2007Declaration of Un-Audited Financial Results for Quarter ended June 30, 2007

June 28, 2007Declaration of Audited Financial Result for the Quarter/ Year ended March 31, 2007

April 18, 2007 Listing of Share

March 30, 2007 Extra Ordinary General Meeting

February 02, 2007 Extra Ordinary General Meeting

2006 Events

December 18, 2006 Extra Ordinary General Meeting

September 29, 2006 18th Annual General Meeting

September 16, 2006 Extra Ordinary General Meeting

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September 16, 2006 Court Convened Creditors Meeting