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| Ace Software
Exports Limited |
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| Regd. Office : 801,
Everest, Opp. Shastri Maidan, Rajkot - 360 001 |
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| UNAUDITED FINANCIAL
RESULTS FOR THE QUARTER ENDED 31st MARCH 2004 |
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| (Rs. In Lacs) |
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| Sr. |
Particulars |
Quarter |
Quarter |
Year |
Year |
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| No. |
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Ended |
Ended |
Ended |
Ended |
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31-03-2004 |
31-03-2003 |
31-03-2004 |
31-03-2003 |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
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| 1 |
Income From Operations |
122.20 |
78.22 |
436.39 |
421.84 |
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| 2 |
Other Income |
9.74 |
5.63 |
74.41 |
41.76 |
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| 3 |
Total Expenditure |
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(A) (Increase)/Decrease in Stock |
12.95 |
(42.32) |
(2.24) |
(4.02) |
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(B) Contract Charges |
23.26 |
19.20 |
97.34 |
70.20 |
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(C) Software Charges |
23.45 |
45.41 |
133.71
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138.12
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(D) Staff Cost |
24.52 |
12.20 |
60.02 |
36.66 |
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(E) Other Expenditure |
20.28 |
32.54 |
95.63 |
105.16
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| 4 |
Interest |
0.00 |
0.00 |
0.00 |
0.00 |
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| 5 |
Depreciation &
other w/off |
12.96 |
11.42 |
52.03 |
49.06 |
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| 6 |
Profit Before Tax |
14.52 |
5.40
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74.31
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68.42 |
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| 7 |
Provision For
Taxation - Current |
0.00 |
0.00 |
0.00 |
0.00 |
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- Deffered |
3.50 |
3.25 |
3.50 |
12.99 |
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| 8 |
Net Profit After Tax |
11.02 |
2.15 |
70.81 |
55.43 |
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| 9 |
Paid up Equity Share
Capital |
543.13
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500.00 |
543.13
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500.00 |
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(Face Value per Share
in Rs.) |
10.00 |
10.00 |
10.00 |
10.00 |
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| 10 |
Reserves Excluding
Revaluation |
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Reserves
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493.50 |
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| 11 |
Basic EPS for the period |
0.20 |
0.04 |
1.30 |
1.11 |
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Diluted EPS for the period |
0.20 |
0.04 |
1.30 |
0.97 |
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| 12 |
Segment Capital
Employed |
1109.94
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1000.50
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1109.94
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1000.50
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| 13 |
Aggregate of
non-promoter |
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share holding |
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(a) No. of Shares |
2692444 |
2968075 |
2692444 |
2968075 |
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(b) Percentage of
shareholding |
49.57% |
59.36% |
49.57% |
59.36% |
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Notes : |
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(1)
The above results have been reviewed by the Audit Committee and have been
taken on record |
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by the
Board of Directors in its meeting held on April 30, 2004 |
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(2) The above figures have been regrouped,
rearranged wherever necessary. |
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(3)
The company has commenced Buy-Back of shares from 13th October, 2003 and has |
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extinguished 268731 Equity shares. Hence the company's paid-up capital
at the quarter |
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ended
on 31/03/2004 has been reduced to 543.13 Lacs. |
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(4)
The Company's operations fall under single segment namely " Computer
Software and |
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Services Exports" |
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(5)
There were no Investor Complaints
pending at the beginning of the quarter. 5 Complaints |
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were received during the quarter and
were duly attended to . |
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(6)
The statutory auditors of the company have carried out a Limited review of
the accounts for |
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the
three months ended March 31st, 2004. |
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For and on behalf of the Board |
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Place : Rajkot |
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Sanjay H. Dhamsania |
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Date : 30-04-2004 |
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Jt. Managing Director |
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