| 1. Quantitative Details:
The Company is engaged in the Global Educational Consultancy,
coaching/training and Software Development. The products and sale of
such software cannot be expressed in any generic unit.
2. Micro, Small and Medium Enterprise.
There are no Micro, Small and Medium Enterprise, to whom the Company
owes dues, which are outstanding at the Balance Sheet date, computed on
unit wise basis.
3. As per accounting standards 18, the disclosures of transactions
with the related parties as defined in the Accounting Standards are
given below:
a) Related Parties:
S.No. Particulars Nature of Relationship
1 B Prabhakar Reddy Executive Director
2 Visu Academy Limited Wholly Owned Subsidiary
3 C. Chandra Sekhar Reddy Managing Director
4 K V S Mallikarjuna Director
5 S Muralidhar Reddy Director
6 Sophia Reddy C Additional Director
4. Confirmation from Debtors and Creditors and also loans and
advances are subject to confirmation.
5. The Company has defaulted in repayment of loans to banks which are
given below and the respective banks has filed proceedings in Debt
Recovery Tribunal, and the respective outstanding amounts and loan
accounts have been transferred to NPA A/c. the details;
6. Contingent Liabilities
Income Tax Demand (Disputed Liability) amounting to Rs. 73,42,363/- for
various Assessment Years.
7. The figures in the Balance Sheet and Profit and Loss Account have
been rounded to the nearest rupee.
8. Previous Year figures are regrouped/reclassified.
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