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| Ace Software
Exports Limited |
| Regd. Office :
801, Everest, Opp. Shastri Maidan, Rajkot - 360 001 |
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| UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER, 2009 |
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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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12/31/2009 |
12/31/2008 |
12/31/2009 |
12/31/2008 |
31.03.2009 |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
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| 1 |
Income From
Operations |
29.38 |
101.76 |
134.25 |
198.50 |
268.58 |
| 2 |
Expenditure |
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a.
(Increase)/Decrease in Stock |
(18.04) |
35.36 |
(9.27) |
(24.27) |
(18.39) |
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b.
Software Charges |
46.11 |
32.59 |
127.98 |
139.25 |
189.00 |
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c.
Staff Cost |
5.75 |
5.13 |
15.95 |
16.20 |
17.04 |
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d.
Depreciation |
2.31 |
2.25 |
6.86 |
6.72 |
8.93 |
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e.
Other Expenditure |
17.47 |
29.53 |
50.29 |
75.91 |
140.41 |
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f.
TOTAL |
53.60 |
104.86 |
191.81 |
213.81 |
336.99 |
| 3 |
Profit from
Operations before Other Income, |
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Interest and
Exceptional Items ( 1-2 ) |
(24.22) |
(3.10) |
(57.56) |
(15.31) |
(68.41) |
| 4 |
Other Income |
18.16 |
10.96 |
45.82 |
61.34 |
120.28 |
| 5 |
Profit before Interest and Exceptional Items
( 3+4 ) |
(6.06) |
7.86 |
(11.74) |
46.03 |
51.87 |
| 6 |
Interest |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 7 |
Profit after Interest but before Exceptional
Items ( 5-6 ) |
(6.06) |
7.86 |
(11.74) |
46.03 |
51.87 |
| 8 |
Exceptional
Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 9 |
Profit From
Ordinary Activities before Tax ( 7+8 ) |
(6.06) |
7.86 |
(11.74) |
46.03 |
51.87 |
| 10 |
Tax Expenses |
0.00 |
0.15 |
0.00 |
0.35 |
2.72 |
| 11 |
Net Profit From
Ordinary Activities after Tax ( 9-10 ) |
(6.06) |
7.71 |
(11.74) |
45.68 |
49.15 |
| 12 |
Extraordinary
Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 13 |
Net Profit for
the period ( 11-12 ) |
(6.06) |
7.71 |
(11.74) |
45.68 |
49.15 |
| 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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909.74 |
| 16 |
Earnings per
Share ( EPS ) |
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Diluted EPS for
the Period |
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( a ) Basic
& Diluted EPS before extraordinary items |
(0.13) |
0.16 |
(0.25) |
0.98 |
1.05 |
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( b ) Basic
& Diluted EPS after extraordinary items |
(0.13) |
0.16 |
(0.25) |
0.98 |
1.05 |
| 17 |
Public
Shareholding |
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(a) No. of
Shares |
1842269 |
2003175 |
1842269 |
2003175 |
1951874 |
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(b) Percentage
of shareholding |
39.36% |
42.80% |
39.36% |
42.80% |
41.71% |
| 18 |
Promoters and
promoter group Shareholding |
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a)
Pledged/Encumbered |
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-Number of
Shares |
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-Percentage of
shares (as a % of the total shareholding |
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of promoter and
promoter group) |
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-Percentage of
shares (as a% of the total share capital |
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of the company) |
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b)
Non-encumbered |
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-Number of
Shares |
2837731 |
2676825 |
2837731 |
2676825 |
2728126 |
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-Percentage of
shares (as a % of the total shareholding |
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of promoter and
promoter group) |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
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-Percentage of
shares (as a% of the total share capital |
60.64% |
57.20% |
60.64% |
57.20% |
58.29% |
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of the company) |
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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 30,
2010 |
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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) There were no investor complaints received
or pending for the quarter ended 31st December, 2009. |
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| (5) 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, 2009 |
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| Place :
Rajkot |
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For and on behalf of the Board |
| Date : 30-01-2010 |
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Sanjay H. Dhamsania |
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Jt. Managing Director |
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