| Ace Software Exports Limited |
| Regd. Office
: 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001 |
| UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER, 2008 |
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(Rs.In Lacs) |
| Sr. |
Particulars |
Quarter |
Quarter |
Nine Months |
Nine Months |
Year Ended |
| No. |
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Ended |
Ended |
Ended |
Ended |
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31/12/2008 |
31/12/2007 |
31/12/2008 |
31/12/2007 |
31.03.2008 |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
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| 1 |
Income From
Operations |
101.76 |
82.16 |
198.50 |
225.52 |
306.84 |
| 2 |
Expenditure |
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a.
(Increase)/Decrease in Stock |
35.36 |
18.07 |
(24.27) |
(15.43) |
6.62
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b.
Software Charges |
32.59 |
58.92 |
139.25 |
181.74 |
228.12 |
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c.
Staff Cost |
5.13 |
6.18 |
16.20 |
21.00 |
23.60 |
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d.
Depreciation |
2.25 |
8.17 |
6.72 |
24.53 |
103.82 |
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e.
Other Expenditure |
29.53 |
35.28 |
75.91 |
92.33 |
117.58 |
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g. TOTAL |
104.86 |
126.62 |
213.81 |
304.17 |
479.74 |
| 3 |
Profit from Operations
before Other Income, |
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Interest and
Exceptional Items ( 1-2 ) |
(3.10) |
(44.46) |
(15.31) |
(78.65) |
(172.90) |
| 4 |
Other Income |
10.96 |
41.30 |
61.34 |
70.56 |
445.64 |
| 5 |
Profit before Interest and Exceptional Items
( 3+4 ) |
7.86 |
(3.16) |
46.03 |
(8.09) |
272.74 |
| 6 |
Interest |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 7 |
Profit after Interest but before Exceptional
Items ( 5-6 ) |
7.86 |
(3.16) |
46.03 |
(8.09) |
272.74 |
| 8 |
Exceptional
Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 9 |
Profit From
Ordinary Activities after Tax ( 7+8 ) |
7.86 |
(3.16) |
46.03 |
(8.09) |
272.74 |
| 10 |
Tax Expenses |
0.15 |
0.23 |
0.35 |
0.48 |
5.92 |
| 11 |
Net Profit From
Ordinary Activities before Tax ( 9-10 ) |
7.71 |
(3.39) |
45.68 |
(8.57) |
266.82 |
| 12 |
Extraordinary
Items |
- |
- |
- |
- |
- |
| 13 |
Net Profit for
the period ( 11-12 ) |
7.71 |
(3.39) |
45.68 |
(8.57) |
266.82 |
| 14 |
Paid up Equity
Share Capital |
468.00 |
468.00 |
468.00 |
468.00 |
468.00 |
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(Face Value
of Share Rs. 10 each ) |
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| 15 |
Reserves
Excluding Revaluation Reserves |
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855.85 |
| 16 |
Earnings per
Share ( EPS ) |
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Diluted EPS for
the Period |
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644.11 |
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( a )
Basic & Diluted EPS before extraordinary items |
0.16 |
(0.07) |
0.98 |
(0.18) |
5.70 |
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( b ) Basic
& Diluted EPS after extraordinary items |
0.16 |
(0.07) |
0.98 |
(0.18) |
5.70 |
| 17 |
Public
Shareholding |
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(a) No. of
Shares |
2003175 |
1997375 |
2003175 |
1997375 |
2003175 |
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(b) Percentage
of shareholding |
42.80% |
42.68% |
42.80% |
42.68% |
42.80% |
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| Notes : |
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| (1)
The above results were reviewed by the Audit Committee and thereafter the
same were approved and |
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| taken on record at the meeting of the
Board of Directors held on January 31,
2009 |
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| (2) The above
figures have been regrouped, rearranged wherever necessary. |
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| (3) The
Company's operations fall under single segment namely " Computer
Software and Services Exports". |
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| (4)
The company acquired 100% stake in 5 subsidiary companies during the
quarter. |
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| (5) There
were no investor complaints received or pending for the quarter ended 31st
December 2008. |
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| (6)
The statutory Auditors of the company have carried out a Limited Review of
the Accounts for the Quarter |
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| ended on 31st December, 2008 |
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| Place :
Rajkot |
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For and on behalf of the Board |
| Date : 31-01-2009 |
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|
Vikram B. Sanghani |
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Jt.Managing Director |
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