[kumar]

Hmm, guess you figured it out a way.
But now i kind of understand what you are saying.

I would like to add, try the clip map in layout, that way you can clip away parts of the plane to only get only the badge. Better than having to use the transparency thing. You have to play around with the image to get a good clip map going though, but guess you have photoshop or other image editors. The clip map is in the properties panel under the render.