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| Ace Software
Exports Limited |
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| 801, Everest
Commercial Complex, Opp. Shastri Maidan, Rajkot - 360 001. |
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| UNAUDITED FINANCIAL
RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2003 (Rs. In Lacs) |
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| Sr. |
Particular |
Quarter |
Quarter |
Nine Months |
Nine Months |
Year Ended |
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| No. |
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Ended |
Ended |
Ended |
Ended |
31-03-2003 |
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31-12-2003 |
31-12-2002 |
31-12-2003 |
31-12-2002 |
(Audited) |
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| 1 |
Income From
Operations |
94.59 |
147.81
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314.19
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343.62
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421.84
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| 2 |
Other Income |
41.33
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12.91 |
64.67
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36.13 |
41.76 |
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| 3 |
Total Expenditure |
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(A) (Increase)/Decrease in Stock |
(21.11) |
37.37 |
(15.19) |
38.30 |
(4.02) |
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(B) Contract Charges |
28.86
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19.38 |
74.08 |
51.00 |
70.20 |
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(C) Software Charges |
49.22
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27.22 |
110.26 |
92.71 |
138.12 |
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(D) Staff Cost |
19.93
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10.52 |
35.50 |
24.46 |
36.66 |
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(E) Other Expenditure |
23.02
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23.80 |
75.35 |
72.62 |
105.16 |
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| 4 |
Interest |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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| 5 |
Depreciation & other w/off |
13.47
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12.71 |
39.07 |
37.64 |
49.06 |
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| 6 |
Profit Before Tax |
22.53 |
29.72 |
59.79 |
63.02 |
68.42 |
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| 7 |
Provision For Taxation - Current |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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- Deffered |
0.00 |
0.00 |
0.00 |
0.00 |
12.99 |
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| 8 |
Net Profit After Tax |
22.53
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29.72
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59.79
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63.02 |
55.43
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| 9 |
Paid up Equity Share Capital |
558.65 |
500.00 |
558.65 |
500.00 |
500.00 |
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(Face Value per Share in Rs.) |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
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| 10 |
Reserves Excluding Revaluation |
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493.50 |
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Reserves |
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| 11 |
Basic
& Diluted EPS for the |
0.40 |
0.59 |
1.07 |
1.26 |
1.11 |
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Period (Not Annualised) |
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| 12 |
Segment Capital Employed |
1152.62 |
1030.94 |
1152.62 |
1030.94 |
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 |
2847702 |
2972215 |
2847702 |
2972215 |
2968075 |
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(b) Percentage of shareholding |
50.98% |
59.44% |
50.98% |
59.44% |
59.36% |
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Notes : |
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(1) The above results were approved and taken on
record at the meeting of the Board of Directors held on |
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January
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 extinguished 113473 |
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Equity shares. Hence the company's
paid-up capital at the end of this quarter has been reduced from |
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570
Lacs to 558.65 Lacs. |
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(4)
The Company's operations fall under single segment namely " Computer
Software and Services Exports" |
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(5) Appropriate provision for taxation shall be made
at the year end. |
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(6) There were
No Investor Complaints pending at the beginning of the quarter. 5
Complaints were received |
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during
the quarter and were duly attended to . |
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(7) The statutory auditors of the company have
carried out a Limited review of the accounts for the three months |
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ended
December 31st, 2003. |
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Place : Rajkot |
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Vikram B. Sanghani |
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Date : 30-01-2004 |
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Jt. Managing Director |
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