USG Tech Solutions Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

2.10 Provisions:

A provision is recognized when there exists a present obligation as a result of past events and it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can
be made of the amount of the obligation. Provisions are not discounted to present value and are determined based on
best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date
and adjusted to reflect the current best estimates.

2.11 Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present
obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the
obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized

because it cannot be measured reliably; the Company does not recognize a contingent liability but discloses its existence
in the financial statements.

2.12 Cash and Cash equivalent:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term
deposits with banks with an original maturity of three months or less.

1. The Company is primarily engaged in the business of Software Development/IT which is single
segment as per Accounting Standard (AS) 17 issued by the institute of Chartered Accountants of India.

2. With effect from 1st April, 2021, the Company has adopted IND AS (Indian Accounting Standards)
prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder.

3. The above results have been reviewed by the Audit Committee of the Board and approved by the
Board of Directors at the respective meeting held on 27.05.2025. The Statutory Auditor of the Company
have carried out Audit of the results of the quarter and year ended March 31,2025. The IND AS
complaint Financial Results pertaining to quarter ended March 31, 2025 has not been subjected to
Limited Review. However, the management has exercised necessary due diligence to ensure that
financial results provide a true and fair view of its affairs.

4. Previous Periods/Year Figures have been reclassified/regrouped wherever necessary in order to make
them comparable.

For M J R A & ASSOCIATES Sd/- Sd/-

Chartered Accountants Servesh Gupta Ashima Gupta

Firm Reg. No 013850N Managing Director Director

DIN: 01451093 DIN: 07795866

Sd/-

(CA MUKESH KUMAR GROVER)

Partner Sd/- Sd/-

M.no: 093304 Rolly Tiwari Manish Kumar

Company Secretary & Chief financial

Place: New Delhi Compliance Officer officer

Date: 27.05.2025 BEWPT5306P AOGPK1199G

UDIN: 25093304BMKPT8976

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Mar 31, 2015

1. Expenditure in Foreign Currency

The company has not incurred any material expenses in foreign currency.

2. Earning in Foreign Currency

During the year, the company has raised invoices to M/s. Retail Information Systems Ltd. for off- shore services rendered to them to the tune ofRs.91,41,334.80/-

List of key personnel and related parties with relations during the year

a] Key Management Personnel

i] Sh. Prem Sharma,CFO

ii] Sh. Servesh Gupta, Director

iii] Sh. Satish Kumar Gupta, Director

iv] Ms. Ruchi Aggarwal, CS

b] Enterprises over which key management persons or their relative exercise significant influence having transaction during the year

i] RA Compusoft Private Limited

3. Employees Benefits

The company has not created any fund or trust for meeting its future liability for leave encashment or any other dues to employees. The liability will be met out of from its own fund whenever it may arise in future.

4. Impairment Assets

There was no impairment of assets during the year.

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Mar 31, 2014

1 Expenditure in Foreign Currency

The company has not incurred expenses in foreign currency.

2 Earning in Foreign Currency

During the year, the company has not raised any invoice for offshore services

3 List of key personnel and related parties with relations during the year

a) Key Management Personnel

i) Sh. Servesh Gupta, Director

ii) Sh. Satish Kumar Gupta, Director

iii) Sh. Umesh Bhatt, Director

iv) Sh. Umesh Sharma, Director

v) Sh. Anil Kumar Gupta, Director

vi) Ms. Mala Sharma, Company Secretary

b) Enterprises over which key management persons or their relative exercise significant influence

i) USG Solutions Private Limited

4 Employees Benefits

The company has not created any fund or trust for meeting its future liability for leave encashment or any other dues to employees. The liability will be met out of from its own fund whenever it may arise in future.

5 Impairment Assets

There was no impairment of assets during the year.

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Mar 31, 2013

1 Expenditure in Foreign Currency

The company has not incurred expenses in foreign currency.

2 Earning in Foreign Currency

During the year, the company has raised invoices for offshore services for software customization to the tune of USD305105/- equivalent to Rs.1,68,02,000/-

3 List of key personnel and related parties with relations during the year

a) Key Management Personnel

i) Sh. Prem Gupta, Managing Director

ii) Sh. Servesh Gupta, Director

iii) Sh. Satish Kumar Gupta, Director

iv) Sh. Umesh Bhatt, Director

v) Sh. Umesh Sharma, Director

vi) Sh. Anil Kumar Gupta, Director

b) Enterprises over which key management persons or their relative exercise significant influence

i) USG Solutions Private Limited

4 Additional information''s pursuant to the provision of paragraph 4C & 4D of part II of schedule VI of the Companies Act, 1956 as per figures prepared and certified by the management are as under:- a) Particulars in respect of trading products purchased

5 Employees Benefits

The company has not crated any fund or trust for meeting its future liability for leave encashment or any other dues to employees. The liability will be met out of from its own fund whenever it may arise in future.

6 Impairment Assets

There was no impairment of assets during the year.

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Mar 31, 2012

1. Expenditure in Foreign Currency

The company has incurred expenses of Australian Dollar 3550.00 (Nil) equivalent to Rs.192911.00 (Nil) towards foreign trip of staff for training program in Australia.

2. Earning in Foreign Currency

There is no earning in foreign currency.

3. List of key personnel and related parties with relations during the year

a) key Management Personnel

i) Sh. Prem Gupta, Managing Director

ii) Sh. Umesh Bhatt, Director

iii) Sh. Satish Kumar Gupta, Director

iv) Sh. Servesh Gupta, Director

v) Sh. Anil Kumar Gupta, Director

b) Enterprises over which key management persons or their relative exercise significant influence

i) USG Solutions Private Limited

4. Employees Benefits

The company has not created any fund or trust for meeting its future liability for leave encashment or any other dues to employees. The liability will be met out of from its own fund whenever it may arise in future.

5. Impairment Assets

There was no impairment of assets during the year.

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Mar 31, 2011

1. The Company is engaged in the business of providing BPO services, Software Services and Development of Software Products. Such services are not capable of being expressed in any generic unit. Hence the quantitative details as required under the Companies Act 1956 have not been furnished.

2. Contingent liabilities: Income Tax demand for Rs. 23,10,837 /- for the Assessment Year 2005 - 2006. The Company has filed an appeal with the ITAT against the orders of CIT (Appeal). The Income Tax department has set off this liability against the refund due for the A.Y. 2010-2011, however, order of ITAT is pending.

3. Auditors remuneration for the year: Rs. 25,000/- (Previous year: Rs 25,000/-).

4. Previous years figures have been regrouped and rearranged wherever necessary. Current year figures have been rounded off in multiple of rupee.

5. In the opinion of the Management all the current assets including loans and advances would in the normal course of business be realized at the value stated.

6. Sundry Debtors, Creditors and Loans and advances are subject to confirmation and consequential adjustment, if any.

7. A sum of Rs. 21,46,29,726/- has been charged to Profit and Loss account as revenue expenditure the components of which are as under :

8. The company's operations in Kolkata, were discontinued in the current year.

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Mar 31, 2010

1. The Company is engaged in the business of providing BPO services, Software Services and Development of Software Products. Such services are not capable of being expressed in any generic unit. Hence the quanitative details as required under the Companies Act 1956 have not been furnished.

2. Contingent liabilities: Income Tax demand for Rs. 23,10,837 /- for the Assessment Year 2005 - 2006 The Company has filed an appeal with the ITAT against the orders of CIT (Appeal).

3. Auditors remuneration for the year: Rs. 25,000/- (Previous year: Rs 25,000/-).

4. Previous years figures have been regrouped and rearranged wherever necessary.

5. In the opinion of the Management all the current assets including loans and advances would in the normal course of business be realized at the value stated.

6. Sundry Debtors, Creditors and Loans and advances are subject to confirmation and consequential adjustment if any.

7. A sum of Rs. 20,41,71, 780/- has been charged to Profit and Loss account as revenue expenditure the components of which are as under:

8 Rs 98,00,000/- was received from M/S Urja Global Limited as advance for development of certain software. The said amount was returned back to Urja Global Limited without interest as the Compant could not execute the work for which Company has received the payment. Mr. R.K. Gupta is the director of both the Companies i.e.Urja Global Limited and V & K Softech Limited.