| 1. SHARE CAPITAL
a) There has been no Movement in number of shares outstanding at the
beginning and at the end of reporting period
b) The Company has only one class of issued shares i.e. ordinary equity
shares having par value of 1 per share. Each holder of ordinary shares
is entitled to one vote per share and equal right for dividend. No
preference and/or restrictions on distribution of dividend and
repayment of capital is attached to the above shares.
c) There are no shares reserved for issue under option and contracts
/commitments for sale of shares /disinvestment as at the Balance Sheet
date.
d) i) No shares have been allotted or has been bought back by the
Company during the period of five years preceding the date as at which
the Balance Sheet is prepared.
ii) No convertible securities has been issued by the Company during the
year.
iii) No calls are unpaid by any Director and Officer of the Company
during the year.
2) During the year, the Company has utilized its working capital
facility (Overdraft) of Rs. 50 lacs from IDBI Bank Ltd, secured by
first charge by way of hypothecation of all the current assets, both
present and future, of the Company. The above loan is also collaterally
secured by first charge by way of hypothecation of movable fixed assets
of the Company.
3) Foreign Currency Earnings & Outgo: a) Expenditure in foreign
currency :
2014-15 ( Rs. ) 2013-14 ( Rs. )
Listing Fees 174,975 213,650
4) Related Party Disclosures Pursuant to Accounting Standard 1 8 issued
by The Institute of Chartered Accountants of India.
i) Related Parties
Name Relationship
Usha Breco Realty Limited. Substantial interest in voting
power of the entity.
Usha Martin Limited. - do -
Usha Martin Education Private - do -
Limited.
Usha Breco Limited - do -
Usha Breco Edutional Infrastructure - do -
Limited
Redtech Network India Private - do -
Limited.
Debjit Bhattacharya (Whole-time Key Managerial Personnel
Director)
Vinay Kumar Gupta (Chief Financial Key Managerial Personnel
officer)
Ranendranath Chakraborty (Company Key Managerial Personnel
Secretary)
4) The Company has unabsorbed depreciation and carried forward losses
available for set off under the Income- tax Act, 1961. However, in view
of inability to assess future taxable income, the extent of net
deferred tax assets which may be adjusted in the subsequent years, is
not ascertainable with virtual certainty at this stage and accordingly
the same has not been recognized in the accounts on prudent basis.
5) Sundry Balances Written off amounting to Rs. 18,89,510/- have been
shown net of Sundry Balances Written back amounting to Rs. 6,70,521/-
resultring in net Sundry Balances Written off amounting to Rs. 12,1
8,989/- shown in Statement of Profit & Loss.
6) Balances of Sundry Debtors, Sundry Creditors and Loans and Advances
(Dr. & Cr.) are subject to confirmation from the respective parties.
7) Previous year figures have been regrouped / rearranged wherever
necessary.
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