Quadrant Televentures Limited
 Regd. Office : Autocars Compound, Adalat Road, Aurangabad (Maharashtra) – 431 005.
Statement of Audited Financial ResultsStatement for the Year ended March 31, 2013
                  (Rs. In Lacs)
  Standalone Financial results Standalone Financial results Consolidated Financial Results
Audited Unaudited Audited Audited Audited
Particulars Three months ended 31.03.13 Three months ended 31.12.12 Three months ended 31.03.12 Year ended 31.03.13 Year ended 31.03.12 Year ended 31.03.13 Year ended 31.03.12
1 Income from operations              
  (a )Income from Operations/ Services 33583.6567608 8503.5936435 7397.33833980038 33583.6567608 28130.1883398004 33627.7196082 28157.0120080004
  (b) Other Operating Income 0 0 0 0 0 0 0
                 
  Total Income From Operations (net) 33583.6567608 853.5936435 7397.3383908004 33583.6567608 28130.188398004 33627.7196082 28157.0120080004
                 
2 Expenses              
  (a) Cost of Material Consumed - 0 0 0 0 0 0
  (b)Purchase of Stock-in -trade - 0 0 0 0 18.453019 12.5848029
  (c) Changes in inventories of finished goods, work in progress and stock in trade - 0 0 0 0 -1.4645546254 12.46619988
  (d) Employee benefits expenses 4833.23410814 1212.3703522038 1071.758801361 4833.23410814 4462.1488801361 4838.36525814 4435.5891001361
  (e) Depreciation and amortization expenses 12182.6855657 3096.4094331 3178.7057263917 12182.6855657 12017.1057263917 12246.7592757 1280.0617639782
  (f) Network operation expenditure 8009.2821293224 1843.66418562876 2079.94347554 8009.2821293224 9161.34130754 8009.2821293224 9161.04130754
  (g) Interconnect Usage Charges 9357.0037935833 2459.37806050837 1864.96589143681 9357.00379358333 7188.25555973681 9357.00379358333 7188.25555973681
  (h) Infrastructure sharing charges 4525.4105753177 1307.61513356651 1259.9021993504 4525.41057531767 5300.3256990504 4525.41057531767 5300.3256990504
  (i) Sales & Marketing Expenditure 2293.6623747441 558.745411456602 564.2921271 2293.66237474406 2037.8021271 2293.66237474406 2037.8021271
  (j) Other Expenses 3422.1750592727 558.745411456602 564.2921271 2293.66237474406 2037.8021271 2293.66237474406 2037.8021271
  Total expenses 44623.4541060802 11247.8271272305 10509.9703555196 44623.4536060801 43393.3413555196 44725.9484520547 43462.7908772861
                 
3 Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) -1139.8023452802 -2744.23848373046 -3112.6320157192 -11039.7918452802 -15263.1530157192 -11098.2288438547 -15305.7788692857
4 Other income 277.8146376 77.508749 76.2403184 277.8146376 158.8903184 272.3824167 156.3347303
5 Profit / (Loss) from ordinary activities before finance costs and exceptional items (3-4) -10761.9927076802 -2666.7297347305 -3036.3916973192 -10761.9772076802 -15104.2626973192 -10825.8464271547 -15149.4541389857
6 Finance costs 2806.2400221754 698.8983476496 711.2680929 2806.2400221754 2811.7680929 2806.3461821754 2811.9393625
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) -13568.2327298555 -3365.6280823801 -3747.6597902192 -13568.2172298555 -17916.0307902192 -13632.19760933 -17961.3935014857
8 Exceptional items 0 0 0 0 0    
9 Profit / (Loss) from ordinary activities before tax (7-8) -13568.2327298555 -3365.6280823801 -3747.6597902192 -13568.2172298555 -17916.0307902192 -13632.19760933 -17961.3935014857
10 Tax expense 0 0 0 0 0 12.6939647185 5.9423276953
11 Net Profit / (Loss) from ordinary activities after tax (9-10) -13568.2327298555 -3365.6280823801 -3747.6597902192 -13568.2172298555 -17916.0307902192 -13619.5086446115 -17955.4511737904
12 Extraordinary items 0 0 0 0 0    
13 Net Profit / (Loss) for the period -13568.2327298555 -3365.6280823801 -3747.6597902192 -13568.2172298555 -17916.0307902192 -13619.5086446115 -17955.4511737904
14 Share of profit /(loss) of associates 0 0 0 0 0    
15 Minority Interest 0 0 0 0 0    
16 Net Profit / (Loss) after taxes, minority interest and share of of Profit / (Loss) of Associate -13568.2327298555 -3365.6280823801 -3747.6597902192 -13568.2172298555 -17916.0307902192 -13619.5086446115 -17955.4511737904
                 
17 Paid up Equity Share Capital (Face Value - Rs. 10 each) 61226.03 61226.03 61226.03 61226.03 61226.03 61226.0268 61226.0268
                 
18 (a) Reserves excluding Revaluation Reserve 685.66508 685.66508 685.66508 685.66508
                 
  (b) Profit & Loss Account (Including accumulated losses) -167854.190386983 -166207.212942103 -154285.969184719 -167854.190386983 -154285.969184719 -168055.229279612 -154435.735642336
                 
19 (a) Basic and Diluted Earning Per Share before Extraordinary items -2.2160871673 -0.5483479754 -0.6162097717 -2.2160871673 -2.9262097717 -2.224462269 2.9345893864
  (b) Basic and Diluted Earning Per Share after Extraordinary items -2.2160871673 -0.5483479754 -0.6162097717 -2.2160871673 -2.9262097717 -2.224462269 2.9345893864
Select information for the Quarter and Year ended March 31,2012
  Standalone Financial results Standalone Financial results Consolidated Financial Results
Audited Audited Audited
Particulars Three months ended 31.03.12 Three months ended 31.12.11 Three months ended 31.03.11 Year ended 31.03.12 Year ended 31.03.11 Year ended 31.03.12 Year ended 31.03.11
A Particulars of Shareholding              
1 Public Shareholding              
  - No of Shares 285,555,2688 #### 285,555,268 285,555,268 285,555,268 285,555,268 ####
  - % of Shareholding 46.64% 46.64% 46.64% 46.64% 46.64% 46.64% 46.64%
2 Promoters and Promoter Group Shareholding              
  (a)Pledged/Encumbered              
  Number of Shares 218,704,937 #### 218,704,937 218,704,937 218,704,937 218,704,937 ####
  Percentage of Shares (as % of the total Shareholding of Promoter and Promoter group) 66.94% 66.94% 66.94% 66.94% 66.94% 66.94% 66.94%
  Percentage of shares (as a % of the total share capital of the Company) 35.72% 35.72% 35.72% 35.72% 35.72% 35.72% 35.72%
  (b) Non encumbered              
  Number of Shares 108,000,063 #### 108,000,063 108,000,063 108,000,063 108,000,063 ####
  Percentage of Shares(as % of the total Shareholding of Promoter and Promoter group) 33.06% 33.06% 33.06% 33.06% 33.06% 33.06% 33.06%
  Percentage of shares (as a % of the total share capital of the Company) 17.64% 17.64% 17.64% 17.64% 17.64% 17.64% 17.64%
  Particulars Three months ended 31.03.13
  INVESTOR COMPLAINTS
  Pending at the beginning of the quarter Nil
  Received during the quarter Nil
  Disposed of during the quarter Nil
  Remaining unresolved at the end of the quarter Nil
Quadrant Televentures Limited
 Regd. Office : Autocars Compound, Adalat Road, Aurangabad (Maharashtra) – 431 005.
Statement of assets and liabilities as at March 31,2013
                  (Rs. In Lacs)
  Standalone Financial results Consolidated Financial Results
  Audited Audited
Particulars Year ended 31.03.12 Year ended 31.03.11 Year ended 31.03.12 Year ended 31.03.11
A EQUITY AND LIABILITIES        
1 Shareholders' Funds        
  (a) Share capital 83710.5698 83710.5698 83710.5698 83710.5698
  (b) Reserves and surplus -167168.525306983 -153600.304077127 -167369.564199612 -153750.065547836
  Sub-Total Shareholder,s funds -83457.955506983 -69889.734277127 -83658.9943996115 -70039.495747836
2 Share application money pending allotment        
3 Non-current liabilities        
  (a) Long-term borrowings 58723.84786 58723.8502936 58723.84786 58723.8502986
  (b) Deferred tax liabilities (Net) 0 0 0 0
  (c) Other Long term liabilities 11023.7985939301 9661.0889142845 11023.7985939301 9661.0889142845
  (d) Long-term provisions 407.5129 327.26183 433.04122 343.56045
  Sub-Total Non-current liabilities 70155.1593539301 68712.2010378845 70180.6876739301 68728.4996628845
4 Current liabilities        
  (a) Short-term borrowings 1587.0736032 1701.6804002 1587.0736032 1701.6804002
  (b) Trade payables 7639.0777661682 10317.7729705233 7804.7983835682 10369.1157754233
  (c) Other current liabilities 73441.8059869997 65679.3292590307 73464.3666021997 65691.2840685307
  (d) Short-term provisions 200.48345 182.07105 209.38424 187.84193 <
  Sub-Total Current liabilities 82868.4408063679 77880.853679754 83065.6228289679 77949.922174154
  TOTAL EQUITY AND LIABILITIES 69565.644653315 76703.3204405115 69587.3161032865 76638.9160892025
           
B ASSETS        
1 Non-current assets        
  (a) Fixed assets        
  (i) Tangible assets 40963.5781557288 45448.4184643968 40970.7195505173 45450.8247991853
  (ii) Intangible assets 15732.8742492 18750.3209902 15795.6555849808 18875.6664759808
  (iii) Capital work-in-progress 1479.2672927 1844.3108859 1479.2672927 1845.6492759
  (b) Deferred tax Assets 0 0 21.2734424138 8.5794776953
  (c ) Non-current investments 1 1 0 0
  (d) Long-term loans and advances 1039.5835103789 981.3129695141 1041.8409948309 983.5329675141
  Sub-Total Non-current Assets 59216.3032080076 67025.3633100108 59308.7568654428 75,135.39
2 Current assets        
  (a) Current investments 0 0 0 0
  (b) Inventories 169.4283669 184.4581091 177.5583596454 191.12354922
  (c) Trade receivables 5192.5094141739 5370.6689214 5242.8236387739 5395.7285238
  (d) Cash and cash equivalents 2503.1244121 1150.6865298 2510.86758 1164.1138813
  (e) Short-term loans and advances 2460.8799204039 2955.8403247026 2323.6999542039 2706.9291171026
  (f) Other current assets 23.3993307 16.3032328 23.6097052 16.7780136
  Sub-Total Non-current Assets 10349.3414442778 9677.957117802 10278.5592378232 9474.6730850226
  TOTAL ASSETS 69565.6446522854 76703.3204278134 69587.316103266 76638.9160812981
NOTES:
1 (a) Extract of audit qualification of current financial year and previous financial year 2011-12
The Company has accounted for the impact of revised corporate debt restructuring ('CDR') Scheme as approved by CDR Cell after complying with the most of the terms and conditions stipulated therein however compliance of some of them is still in process.
  (b) Management comments on above qualifications :
During the year the company has allotted Redeemable Secured Non Convertible Debenture (‘NCDs’) and is confident of fulfilling the remaining conditions in due course of business.
2 The Company has allotted 31,969,088 Redeemable Secured Non Convertible Debenture (‘NCDs’) of Rs.100 each aggregating to Rs.3,196,908,800 on January 21, 2013, pursuant to Revised Corporate Debt Restructuring ('CDR') Scheme dated August 13, 2009 where in the 50% of outstanding amount as on April 1, 2009 towards principal amount of term loan was to be converted in NCDs..
3 The primary reporting of the Company has been performed on the basis of business segments. The Company has only one business segment, which is provision of unified telephony services. Accordingly, the amounts appearing in these financial results relate to this primary business segment. Further, the Company provides services only in the State of Punjab (including Chandigarh and Panchkula) and, accordingly, no disclosures are required under secondary segment reporting.
4 Previous period/years figures have been reclassified, wherever necessary, to make them comparable with those of the current period.
5 The figures of last quarter ended March 31,2013 are the balancing figures between audited figures year ended March 31,2013 in respect of the full financial year 2012-13 and the published year to date figures upto the third quarter ended December 31,2012 of the current financial year 2012-13.
6 Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on May 29, 2013. The same have been audited by the Statutory Auditor of the Company
         
         
         
Place : Mohali     By Order of the Board
    For QUADRANT TELEVENTURES LIMITED.
Date : May 29, 2013   (Mr. Babu Mohanlal Panchal)
      Director