Quadrant Televentures Limited
 CIN:L00000MHI946PLCI97474
 Regd. Office : Autocars Compound, Adalat Road, Aurangabad (Maharashtra) – 431 005.
 Tel: 91-240-2320754 Email: secretarial@infotelconnect.com Website: www.connectzone.in

Statement of Audited Financial Results for the Year ended March 31, 2014
                  (Rs. In Lacs)
  Standalone Financial results Standalone Financial results Consolidated Financial Results
Audited Unaudited Audited Audited Audited
Particulars Three months ended 31.03.14 Three months ended 31.12.13 Three months ended 31.03.13 Year ended 31.03.14 Year ended 31.03.13 Year ended 31.03.14 Year ended 31.03.13
1 Income from operations              
  (a )Income from Operations/ Services 10,647.26 10767.08 8821.58 40,599.52 32,956.52 40,880.14 33,000.58
  (b) Other Operating Income - - - - - - -
                 
  Total Income From Operations (net) 10,647.26 10,767.08 8,821.58 40,599.52 32,956.52 40,880.14 33,000.58
                 
2 Expenses              
  (a) Cost of Material Consumed - - - - - -
  (b)Purchase of Stock-in -trade - - - - 14.20 18.45
  (c) Changes in inventories of finished goods, work in progress and stock in trade - - - - 1.79 (1.46)
  (d) Employee benefits expenses 1,952.67 1,799.30 1,373.64 6,883.00 4,833.23 7,131.52 4,838.37
  (e) Depreciation and amortization expenses 3,164.04 3,137.65 3,020.28 12,678.05 12,182.69 12,744.15 12,246.76
  (f) Network operation expenditure 3,081.00 3,186.87 1,111.07 12,633.89 8,009.28 12,633.89 8,009.28
  (g) Interconnect Usage Charges 5,311.61 5,348.71 2,204.38 19,800.91 9,357.00 19,800.91 9,357.00
  (h) Infrastructure sharing charges 1,414.73 1,316.32 726.55 5,406.44 4,525.41 5,406.43 4,525.41
  (i) Sales & Marketing Expenditure 447.29 744.00 511.14 2,810.10 1,666.52 2,810.10 1,666.52
  (j) Other Expenses 1,187.90 912.88 906.74 4,067.60 3,422.18 4,085.52 3,438.48
  Total expenses 16,559.24 16,445.73 9,853.80 64,279.99 43,996.31 64,628.51 44,098.81
                 
3 Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) (5,911.98) (5,678.65) (1,032.22) (23,680.47) (11,039.79) (23,748.37) (11,098.23)
4 Other income 61.65 60.83 82.57 294.38 277.81 293.74 272.38
5 Profit / (Loss) from ordinary activities before finance costs and exceptional items (3-4) (5,850.33) (5,617.82) (949.65) (23,386.09) (10,761.98) (23,454.63) (10,825.85)
6 Finance costs 669.46 681.05 697.34 2,729.99 2,806.24 2,731.13 2,806.35
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) (6,519.79) (6,298.87) (1,646.99) (26,116.08) (13,568.22) (26,185.76) (13,632.20)
8 Exceptional items - - - - -    
9 Profit / (Loss) from ordinary activities before tax (7-8) (6,519.79) (6,298.87) (1,646.99) (26,116.08) (13,568.22) (26,185.76) (13,632.20)
10 Tax expense - - - - - 16.45 12.69
11 Net Profit / (Loss) from ordinary activities after tax (9-10) (6,519.79) (6,298.87) (1,646.99) (26,116.08) (13,568.22) (26,169.31) (13,619.51)
12 Extraordinary items - - - - -    
13 Net Profit / (Loss) for the period (6,519.79) (6,298.87) (1,646.99) (26,116.08) (13,568.22) (26,169.31) (13,619.51)
14 Share of profit /(loss) of associates - - - - -    
15 Minority Interest - - - - -    
16 Net Profit / (Loss) after taxes, minority interest and share of of Profit / (Loss) of Associate (6,519.79) (6,298.87) (1,646.99) (26,116.08) (13,568.22) (26,169.31) (13,619.51)
                 
17 Paid up Equity Share Capital (Face Value - Rs. 10 each) 61,226.03 61,226.03 61,226.03 61,226.03 61,226.03 61,226.03 61,226.03
                 
18 (a) Reserves excluding Revaluation Reserve 685.67 685.67 685.67 685.67
                 
  (b) Profit & Loss Account (Including accumulated losses) (193,970.27) (187,450.48) (167,854.19) (193,970.27) (167,854.19) (194,224.54) (168,055.23)
                 
19 (a) Basic and Diluted Earning Per Share before Extraordinary items (1.07) (1.03) (0.27) (4.27) (2.22) (4.27) (2.22)
  (b) Basic and Diluted Earning Per Share after Extraordinary items (1.07) (1.03) (0.27) (4.27) (2.22) (4.27) (2.22)
Select information for the Quarter and Year ended March 31,2014
  Standalone Financial results Standalone Financial results Consolidated Financial Results
Audited Audited Audited
Particulars Three months ended 31.03.14 Three months ended 31.12.13 Three months ended 31.03.13 Year ended 31.03.14 Year ended 31.03.13 Year ended 31.03.14 Year ended 31.03.13
A Particulars of Shareholding              
1 Public Shareholding              
  - No of Shares 285,555,268 285,555,268 285,555,268 285,555,268 285,555,268 285,555,268 285,555,268
  - % 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 218,704,937 218,704,937 218,704,937 218,704,937 218,704,937 218,704,937 218,704,937
  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 108,000,063 108,000,063 108,000,063 108,000,063 108,000,063 108,000,063 108,000,063
  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 31.03.14
  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
                  (Rs. In Lacs)
  Standalone Financial results Consolidated Financial Results
  Audited Audited
Particulars Year ended 31.03.14 Year ended 31.03.13 Year ended 31.03.14 Year ended 31.03.13
A EQUITY AND LIABILITIES        
1 Shareholders' Funds        
  (a) Share capital 83,710.57 83,710.57 83,710.57 83,710.57
  (b) Reserves and surplus (193,284.61) (167,168.53) (193,538.88) (167,369.56)
  Sub-Total Shareholder,s funds (109,574.04) (83,457.96) (109,828.31) (83,658.99)
2 Share application money pending allotment        
3 Non-current liabilities        
  (a) Long-term borrowings 58,723.85 58,723.85 58,723.85 58,723.85
  (b) Deferred tax liabilities (Net) - - - -
  (c) Other Long term liabilities 11,644.53 11,023.80 11,644.53 11,023.80
  (d) Long-term provisions 472.88 407.51 510.47 433.04
  Sub-Total Non-current liabilities 70,841.26 70,155.16 70,878.85 70,180.69
4 Current liabilities        
  (a) Short-term borrowings 1,006.17 1,587.07 1,006.18 1,587.07
  (b) Trade payables 12,921.37 7,639.08 13,176.48 7,804.80
  (c) Other current liabilities 87,428.26 73,441.81 87,462.41 73,464.37
  (d) Short-term provisions 238.56 200.48 251.23 209.38
  Sub-Total Current liabilities 101,594.36 82,868.44 101,896.30 83,065.62
  TOTAL EQUITY AND LIABILITIES 62,861.58 69,565.64 62,946.84 69,587.32
           
B ASSETS        
1 Non-current assets        
  (a) Fixed assets        
  (i) Tangible assets 37,048.37 40,963.58 37,058.77 40,970.72
  (ii) Intangible assets 12,670.90 15,732.87 12,671.11 15,795.66
  (iii) Capital work-in-progress 2,169.49 1,479.27 2,169.49 1,479.27
  (b) Deferred tax Assets - - 37.73 21.27
  (c ) Non-current investments 1.00 1.00 - -
  (d) Long-term loans and advances 1,095.27 1,039.58 1,099.80 1,041.84
  Sub-Total Non-current Assets 52,985.03 59,216.30 53,036.90 59,308.76
2 Current assets        
  (a) Current investments - - - -
  (b) Inventories 217.32 169.43 223.65 177.56
  (c) Trade receivables 4,606.29 5,192.51 4,805.83 5,242.82
  (d) Cash and Bank Balance 992.71 2,503.12 1,043.82 2,510.87
  (e) Short-term loans and advances 4,028.87 2,460.88 3,804.77 2,323.70
  (f) Other current assets 31.36 23.40 31.87 23.61
  Sub-Total current Assets 9,876.55 10,349.34 9,909.94 10,278.56
  TOTAL ASSETS 62,861.58 69,565.64 62,946.84 69,587.32
NOTES:
1 (a) Extract of audit qualification of current financial year and previous financial year 2012-13
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 :
In compliance with the stipulations of CDR Package dated August 13, 2009, The Company has already allotted Redeemable Secured Non Convertible Debenture (‘NCDs’) and is confident of fulfilling the remaining conditions in due course of business. The Company had also obtained the approval of shareholders for reduction of capital in Extra Ordinary General Meeting held on July 18, 2012,subject to the confirmation by the Hon’ble Bombay High Court. BSE Ltd. vide its letter dated Oct 23, 2013 has issued its Observation Letter and conveyed its No Objection for filing the petition in the Hon'ble High Court. The Company has filed the Reduction Petition with Bombay High Court on March 20, 2014 seeking the confirmation for Reduction of paid up capital of the Company.Post reduction the existing equity share Capital of Rs.612,26,02,680/- would stand reduced to 10% i.e. Rs. 61,22,60,268 The impact of the above said Scheme on the financials will be considered upon implementation of the same.
2 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.
3 Previous period/years figures have been reclassified, wherever necessary, to make them comparable with those of the current period.
4 The figures of last quarter ended March 31,2014 are the balancing figures between audited figures year ended March 31,2014 in respect of the full financial year 2013-14 and the published year to date figures upto the third quarter ended December 31,2013 of the current financial year 2013-14.
5 Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on May 30, 2014. 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 30, 2014   (Mr. Yatinder Vir Singh)
      Director (DIN. 02223708)