Cranes Software's FY2006 Consolidated Operating Revenues up by 31% and PAT Higher by 36% to Rs 625 million; FY2006 Diluted EPS at Rs 5.77; Announces a dividend of 60%; Board Approves the Acquisition of Capella.BANGALORE Bangalore (băng-gəlôr`), city (1991 pop. 2,651,000; metropolitan area 4,130,288), capital of Karnataka state, S central India, 3,000 ft (914 m) above sea level. , India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. -- Cranes Software Cranes Software International Limited is a global scientific & engineering products and solutions provider. The Company's business interests straddle products, services, R&D in future technologies, training and high-end consultancy for engineers and scientist worldwide. International Ltd.: Note to the announcement: This press release discusses the financial performance of Cranes Software International Limited on a consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: basis. This includes the performance of its fully owned subsidiaries Systat SYSTAT is a statistics and statistical graphics software package, developed by Leland Wilkinson in the late 1970's, who was at the time an assistant professor of psychology at the University of Illinois at Chicago. Systat was incorporated in 1983 and grew to over 50 employees. Software Inc., USA; Systat Software Gmbh, Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). ; Cranes Software International Pte. Ltd, Singapore Singapore (sĭng`gəpôr, sĭng`ə–, sĭng'gəpôr`), officially Republic of Singapore, republic (2005 est. pop. 4,426,000), 240 sq mi (625 sq km). ; EMRC EMRC Electronic Media Rating Council EMRC Emergency Medical Resource Center (fire/rescue) EMRC Engineered Maintenance Requirements Catalog EMRC Electromagnetic Research Consultants, Inc. Engineering Mechanics mechanics, branch of physics concerned with motion and the forces that tend to cause it; it includes study of the mechanical properties of matter, such as density, elasticity, and viscosity. Research (India) Pvt. Ltd., Systat Software Asia Pacific Ltd.; NISA Nisa, rivers: see Neisse, rivers of Poland. Software Inc, USA; and Systat Software Inc.'s subsidiary Systat Software UK Limited. Cranes Software International Ltd. (Cranes), a global scientific and engineering software solutions provider, today announced its audited financial results for the year ended March 31, 2006. Cranes Software Group performance review: Yearly review: FY2006 (April - March 2006) v/s FY 2005 (April - March 2005) --Operating revenues higher by 31% to Rs. 2,138.2 million compared to Rs. 1,632.6 million. --Operating profit increased by 27% at Rs. 1,179.8 million from Rs. 928.2 million. --Net profit after tax up 36% to Rs. 624.9 million from Rs. 460.3 million. --EPS on higher share capital, up at Rs. 5.77 compared to Rs. 4.52,restated for previous year. Other Highlights --Board recommends regular dividend of 20% per share and a special dividend of 40% per share. --Board approves acquisition of Capella Capella, brightest star in the constellation Auriga; Bayer designation α Aurigae; 1992 position R.A. 5h16.1m, Dec. +45°59'. Capella is a yellow giant star of spectral class G8 III and is also a spectroscopic binary star with a component (TM) for a consideration of about GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 million. --Reorganization by merger of Analytix business also approved. Commenting on the financial results, Asif Khader, Managing Director, Cranes Software International Limited, said, "We remain focussed on the development of software IPs which serve as tools to the global scientific and engineering community. During the year, we introduced new versions of our proprietary software product range; by acquiring the NISA range of software we made our foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my the domain of Finite Element Analysis Finite element analysis (FEA) is a computer simulation technique used in engineering analysis. It uses a numerical technique called the finite element method (FEM). There are many finite element software packages, both free and proprietary. ; expanded operations into new geographies; strengthened our financial position and added talent in key R&D and front-end front-end adj. 1. Of or relating to the initial phase of a project: a front-end investment. 2. Of or relating to the forward parts of a vehicle: a front-end alignment. sales functions, besides launching initiatives in the enterprise solutions space. Overall, our business initiatives delivered financial upsides upsides Adverb Informal, chiefly Brit (foll. by with)equal or level with, as through revenge and received encouraging endorsement A signature on a Commercial Paper or document. An endorsement on a negotiable instrument, such as a check or a promissory note, has the effect of transferring all the rights represented by the instrument to another individual. from leading agencies/ organizations worldwide. For the third time in succession succession: see ecology. , Cranes was adjudged as one of the fastest growing technology companies in India by Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. . We also bagged the Distinguished Application Product Company Award at the NASSCOM NASSCOM National Association of Software and Service Companies (India) Product Summit. Our key software products -- SYSTAT and Sigma SIGMA - A scientific visual programming environment from NASA. http://fi-www.arc.nasa.gov/fia/projects/sigma/. Plot -- were adjudged top software products by the Scientific Computing computing - computer & Instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. journal and the Microsoft (Microsoft Corporation, Redmond, WA, www.microsoft.com) The most successful and influential software company. Microsoft's software and Intel's hardware pioneered the PC and revolutionized the computer industry. Emerging Business team also featured Cranes Software's business model as 'The value multiplier multiplier In economics, a numerical coefficient showing the effect of a change in one economic variable on another. One macroeconomic multiplier, the autonomous expenditures multiplier, relates the impact of a change in total national investment on the nation's total business model' in the 'Innovative Business Model' section at their 'India is innovation' summit. We remain upbeat about our business and continue to make significant progress through a combination of organic initiatives and strategic acquisitions. Our 'Acquire-Enhance-Expand' business model has allowed us to create a strong presence in our focus areas of data visualization See information visualization. , analytics and engineering. We expect to move forward in this direction to develop a leading global enterprise focused on the software requirements of innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. ." Acquisition of Capella Cranes announced the acquisition of the intellectual property rights of Capella a business and enterprise reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. product, for a total cash consideration of approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.6 million and shall make investments to the tune of USD 4 to 5 million in due course towards product upgradation and enhancement and for market expansion. Cranes will also retain the services of the original developers of these products over a period of up to three years. Details of the acquisition Capella is an automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. report writing, scheduling and distribution tool that offers organisations an interactive and easy to use dashboard (1) See Mac Dashboard. (2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard. for managing business information effectively. The product competes in the GBP 5 billion marketplace and is currently marketed as an integrated offering with other third-party products. Alerts, an automated distribution and scheduling tool bundled bun·dle n. 1. A group of objects held together, as by tying or wrapping. 2. Something wrapped or tied up for carrying; a package. 3. Biology A cluster or strand of closely bound muscle or nerve fibers. with Capella, enhances information delivery capabilities. Rationale rationale (rash´  nal´),n the fundamental reasons used as the basis for a decision or action. for acquisition The product is widely recognized in the marketplace and is expected to add an important edge in terms of offering and pricing of the offerings. It will support the Company's initiatives in the business analytics space -- post the acquisition of Analytix Systems and its related businesses, and in the Banking and Financial market space post acquisition of the businesses of Karna
Karna (Sanskrit: कर्ण written Karṇa in IAST transliteration) is one of the central figures in Hindu epic Mahabharata. Softek India Private Limited. The Company can leverage its marketing strengths in verticals such as banking, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , insurance, retail, petrochemicals, manufacturing, pharma Pharma may be an abbreviation for:
Takeover To assume control or management of a corporation without necessarily obtaining actual title to it. A takeover bid or tender offer is a proposal made by one company to purchase shares of stock of another company, in order to acquire control thereof. of Analytix Systems Cranes announced the merger of Analytix Systems business with itself. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the agreement, the business of Analytix Systems will now be reorganised Adj. 1. reorganised - organized again; "a reorganized business" reorganized organized - formed into a structured or coherent whole within the Company enabling the business to take advantage of cranes brand equity to attract fresh talent and build relationships with customers. The business will also benefit form the Company's relationships with investors, financiers and bankers.
Key operating/ financial highlights:
-- During FY2006, Cranes increased its headcount to 517 people
from 356 people. Additions were made to the research, and
sales & marketing teams.
-- Cranes directed efforts towards maintaining a healthy working
capital position. Debtors' outstanding position reduced to Rs
1,055 million at the close of FY2006 from Rs 1,163 million at
the close of FY2005. DSO was down substantially to about 180
days from 260 days at the end of FY2005.
-- Cranes' debt / equity ratio maintained at about 1:1; interest
coverage was at 9 times during the year.
-- Cash and cash equivalents position improved to Rs. 2905
million at the close of FY 2006, compared to Rs. 418 million
at the close of FY2005. The Company's operating cash flow was
Rs. 1168 million during FY2006.
Key corporate developments during FY 2006:
-- Acquisitions:
During the course of the year, Cranes Software expanded its
presence through the acquisition of -
-- Engineering Mechanics Research Corporation's (EMRC) U.S.
operations:
Cranes acquired the US operations of EMRC late in the year
which formed part of the US$ 1.5 million deal struck in
May last year along with the acquisition of EMRC India.
Through this acquisition Cranes has gained access to
EMRC's NISA range of IP's with their extensive expertise
in the domain of Finite Elements Analysis and related
engineering services and EMRC's worldwide sales and
service organization network.
-- InventX ePM
Towards the end of the year Cranes completed the
acquisition of InventX's ePM which is an Enterprise
Project Portfolio Management solution for globally
dispersed project teams along with InventX's global
operations. Cranes has agreed to make an investment of $3
million to $4 million spread over a year. Cranes would
offer customized solutions and services around the focus
product domains by leveraging on our existing product
development capabilities, marketing and distribution
infrastructure and dedicated domain expertise.
-- New product launches - NISA Version 14.0 & SigmaPlot 10.0:
In line with its 'Acquire-Enhance-Expand' strategy, Cranes
released advanced versions of NISA and SigmaPlot, offering its
customers superior usage experience. Development work on the
products was based on the feedback received from end users,
and in keeping with the technology direction provided by the
R&D team..
Cranes also launched the Japanese language version of SYSTAT
11. This is the second localized software launch by Cranes in
Japan facilitating a local language specific graphic user
interface, online helpdesk support and technical manuals.
During the year, SYSTAT 11 was recognized as a "Top
Statistical Data Analysis Product" globally for the second
consecutive year on the basis of readers' response and on
feedback from the Editorial Board of Scientific Computation
and Instrumentation.
-- Raised EUR 42 million through FCCBs:
Cranes Software completed issue of five-year tenured unsecured
foreign currency convertible bonds (FCCBs) carrying a coupon
rate of 2.5% (payable semi-annually), convertible into
ordinary equity shares or GDRs of the Company at a premium of
35% over the weighted average price of the Company's stock at
the BSE on the launch date February 13, 2006. Funds generated
from this offering will be utilized towards further
strengthening Cranes' financial structure, acquisition of IPs,
businesses, products and companies, retirement of foreign
currency term loans and capital expenditure towards
optimization of growth prospects.
-- Strategic Alliances:
Cranes Software announced a strategic alliance between its
wholly owned subsidiary Systat Software, Inc. and Equbits LLC,
the leading provider of SVM (Support Vector Machines) based
predictive modeling software with the objective of leveraging
Equbits SVM modeling capabilities, including model building
and tuning to enhance enterprise level integration between the
Company's products.
Embedded software is another area where Cranes intends to
explore the prospects. To this end Cranes and Mapusoft
Technologies (U.S.), a leading provider of embedded software
re-usability solutions and services, would offer solutions
focused on the Indian embedded software industry.
-- Awards:
During the year, Cranes received several accolades for its
strong performance. The Company was recognized as one of the
fastest growing technology companies in the Asia Pacific
region by Deloitte Technology Fast 500 Asia Pacific 2005
program for the third year in succession. Cranes' revenues
have grown 165% during the two-year assessment period (FY
2002/03 to FY 2004/05).
Cranes was awarded the "Distinguished Application Product
Company Award" by the NSRCEL, Indian Institute of Management,
Bangalore (IIMB) under the aegis of NASSCOM Product Forum. The
Company was judged on the basis of its product range,
financial performance, senior management team, alliance
partnerships and market share.
Microsoft acknowledged Cranes as a concern that has displayed
innovation in its business practices and gave a glowing
mention to Carnes's unique Acquire-Enhance-Expand business
model.
The Company also bagged the CII Innovation award for its
unique business model concept 'Acquire-Enhance-Expand' at the
completion CII India Innovation Summit 2006.
About Cranes Software International Limited Cranes Software is a global scientific & engineering products and solutions provider. The Company's business interests straddle In the stock and commodity markets, a strategy in options contracts consisting of an equal number of put options and call options on the same underlying share, index, or commodity future. products, services, RD in future technologies, training and high-end high-end adj. Informal 1. Appealing to sophisticated and discerning customers: a high-end department store; high-end video equipment. 2. consultancy for engineers and scientists worldwide. Focused on the scientific and engineering community, Cranes Software has addressed the needs of a variety of customer groups ranging from large multinational multinational Of, relating to, or being a company with subsidiaries or other operations in a number of countries. The diversity of operations of such companies subjects them to unique risks (for example, exchange rate changes or government nationalization) companies to government, defense, educational and research institutions for over a decade. Today, Cranes Software has its presence in 33 countries across the world and has a user base of more than 360,000. Cranes Software also offers world-renowned world-re·nowned adj. Widely known and acclaimed. solutions from reputed reputed adj. referring to what is accepted by general public belief, whether or not correct. principals such as Mathworks MathWorks - The MathWorks, Inc. , Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) through product alliances. With a mission statement 'To provide customers the best in scientific technology and empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems them to define new limits', Cranes Software is setting new standards in the scientific and engineering field. For further information on the company, please visit www.cranessoftware.com Certain statements in this release concerning our growth prospects are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These forward-looking statements are subject to certain risks and uncertainties, including government actions; local political or economic developments; technological risks; risks inherent in the Company's growth strategy; dependence on certain clients; dependence on availability of technical consultants and other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. The Company undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or .
CRANES SOFTWARE INTERNATIONAL LIMITED
Regd. Office : Shankar Narayana Building, Block 1, 4th Floor,
# 25, M G Road, Bangalore - 560 001.
Audited Financial Results for the Year ended March 31, 2006
(Rs. In lakhs except share data)
Unaudited
---------------
SL. 9 months ended
NO. Particulars 31.12.2005
--- ---------------- ---------------
(1) (2)
1 Net
Sales/Services:
Overseas 9,537.06
Domestic 3,142.55
2 Other Income 278.84
---------------
Total Income 12,958.45
3 Total
Expenditure:
a) (Increase)/
Decrease in
Stock (30.25)
b) Material Cost 1,853.92
c) Personnel
Expenses 1,051.36
d) General &
Administrative
Expenses 1,252.07
4 Interest 865.95
5 Depreciation 1,722.31
6 Profit before
tax 6,243.09
7 Provision for
tax including
deferred tax 2,002.24
8 Provision for
Fringe Benefit
Tax 11.48
9 Profit After tax 4,229.37
10 Paid up Equity
share capital
of Rs.2/- each 2,273.36
11 Reserves
excluding
Revaluation
Reserves -
12 Earning per
Share (Rs.)-
Basic 4.02
Diluted 4.02
13 Aggregate of
Non-Promoter
Shareholding
- Number of
Shares 70,474,970
- Percentage of
Shareholding 62%
Audited
-----------------------------------------------
3 months ended Year ended
SL ----------------------- -----------------------
NO. Particulars 31.03.2006 31.03.2005 31.03.2006 31.03.2005
---- --------------------------- ----------- ----------- -----------
(1) (3) (4) (5) (6)
1 Net
Sales/Services:
Overseas 4,616.87 3,135.67 14,153.93 9,306.90
Domestic 1,405.53 1,796.50 4,548.08 3,881.25
2 Other Income (42.76) (178.66) 236.08 (11.95)
----------- ----------- ----------- -----------
Total Income 5,979.64 4,753.51 18,938.09 13,176.20
3 Total
Expenditure:
a) (Increase)/
Decrease in
Stock 424.42 (61.35) 394.17 (377.41)
b) Material Cost 1,764.47 469.15 3,618.39 3,032.23
c) Personnel
Expenses 291.44 93.93 1,342.80 517.80
d) General &
Administrative
Expenses 819.83 467.78 2,071.90 1,471.61
4 Interest (57.35) 323.74 808.60 1,079.21
5 Depreciation 770.14 727.23 2,492.45 1,676.79
6 Profit before
tax 1,966.69 2,733.03 8,209.78 5,775.97
7 Provision for
tax including
deferred tax (153.81) 877.17 1,848.43 1,288.27
8 Provision for
Fringe Benefit
Tax 6.02 - 17.50 -
9 Profit After tax 2,114.48 1,855.86 6,343.85 4,487.70
10 Paid up Equity
share capital
of Rs.2/- each 2,273.36 1,016.68 2,273.36 1,016.68
11 Reserves
excluding
Revaluation
Reserves - - 28,895.88 14,564.02
12 Earning per
Share (Rs.)-
Basic 1.96 1.83 5.88 4.41
Diluted 1.96 1.83 5.86 4.41
13 Aggregate of
Non-Promoter
Shareholding
- Number of
Shares 70,474,970 33,237,485 70,474,970 33,237,485
- Percentage of
Shareholding 62% 65.38% 62% 65.38%
CONSOLIDATED
(Audited)
-----------------------------------------------
3 months ended Year ended
SL. ----------------------- -----------------------
NO. Particulars 31.03.2006 31.03.2005 31.03.2006 31.03.2005
--- --------------------------- ----------- ----------- -----------
(1) (7) (8) (9) (10)
1 Net
Sales/Services:
Overseas 4,983.63 3,619.57 16,260.07 12,419.97
Domestic 1,494.72 1,829.94 4,827.15 3,918.48
2 Other Income (87.55) (493.01) 295.19 (11.95)
----------- ----------- ----------- -----------
Total Income 6,390.80 4,956.50 21,382.41 16,326.50
3 Total
Expenditure:
a) (Increase)/
Decrease in
Stock 392.21 (24.43) 369.41 (335.28)
b) Material Cost 1,229.71 241.66 3,633.71 3,246.54
c) Personnel
Expenses 712.91 127.24 2,634.70 1,573.90
d) General &
Administrative
Expenses 1,410.54 729.79 2,946.45 2,559.04
4 Interest (54.96) 316.81 815.12 1,088.03
5 Depreciation 783.82 896.36 2,830.23 2,239.23
6 Profit before
tax 1,916.57 2,669.07 8,152.79 5,955.04
7 Provision for
tax including
deferred tax (131.85) 865.01 1,884.79 1,352.22
8 Provision for
Fringe Benefit
Tax 6.47 - 19.25 -
9 Profit After tax 2,041.95 1,804.06 6,248.75 4,602.82
10 Paid up Equity
share capital
of Rs.2/- each 2,273.36 1,016.68 2,273.36 1,016.68
11 Reserves
excluding
Revaluation
Reserves - - 28,970.56 14,676.55
12 Earning per
Share (Rs.)-
Basic 1.89 1.77 5.80 4.52
Diluted 1.89 1.77 5.77 4.52
13 Aggregate of
Non-Promoter
Shareholding
- Number of
Shares
- Percentage of
Shareholding
Segment-wise Revenue, Results & Capital Employed
Rs. In lakhs
Unaudited
-----------
9 Months
Sl. ended
No. Particulars 31.12.2005
--- ------------------ -----------
1 Segment Revenue:
a) International 9,537.06
b) Domestic 3,142.55
Total 12,679.61
Less : Inter
segment Revenue
Net Sales 12,679.61
Add: Other
unallocable
Income 278.84
Total Income 12,958.45
2 Segment Results
(Profit(+)/Loss(-)
before tax and
interest from
each segment
a) International 6,716.22
b) Domestic 392.82
Total 7,109.04
Less : i) Interest 865.95
ii) Other
unallocable
expenditure
net off
unallocable
income -
Total Profit
Before Tax 6,243.09
Capital Employed
(Segment assets-
Segment
3 Liabilities)
a) International 26,607.18
b) Domestic 8,767.51
Total 35,374.69
Quarter ended Year ended
Sl. -----------------------------------------------
No. Particulars 31.03.2006 31.03.2005 31.03.2006 31.03.2005
--- ------------------ ----------- ----------- ----------- -----------
1 Segment Revenue:
a) International 4,616.87 3,135.67 14,153.93 9,306.90
b) Domestic 1,405.53 1,796.50 4,548.08 3,881.25
Total 6,022.40 4,932.17 18,702.01 13,188.15
Less : Inter
segment Revenue
Net Sales 6,022.40 4,932.17 18,702.01 13,188.15
Add: Other
unallocable
Income (42.76) (178.66) 236.08 (11.95)
Total Income 5,979.64 4,753.51 18,938.09 13,176.20
2 Segment Results
(Profit(+)/Loss(-)
before tax and
interest from
each segment
a) International 1,642.66 2,832.21 8,358.88 6,370.02
b) Domestic 266.68 224.56 659.50 485.16
Total 1,909.34 3,056.77 9,018.38 6,855.18
Less : i) Interest (57.35) 323.74 808.60 1,079.21
ii) Other
unallocable
expenditure
net off
unallocable
income - - - -
Total Profit
Before Tax 1,966.69 2,733.03 8,209.78 5,775.97
Capital Employed
(Segment assets-
Segment
3 Liabilities)
a) International 49,582.17 19,878.29 49,582.17 19,878.29
b) Domestic 9,971.70 8,077.69 9,971.70 8,077.69
Total 59,553.87 27,955.98 59,553.87 27,955.98
Consolidated Consolidated
Quarter ended Year ended
Sl. ------------------------------------------------------------------
No. Particulars 31.03.2006 31.03.2005 31.03.2006 31.03.2005
--- ------------------ ----------- ----------- ----------- -----------
1 Segment Revenue:
a) International 4,983.63 3619.57 16,260.07 12,419.97
b) Domestic 1,494.72 1829.94 4,827.15 3,918.48
Total 6,478.35 5,449.51 21,087.22 16,338.45
Less : Inter
segment Revenue
Net Sales 6,478.35 5,449.51 21,087.22 16,338.45
Add: Other
unallocable
Income (87.55) (493.01) 295.19 (11.95)
Total Income 6,390.80 4,956.50 21,382.41 16,326.50
2 Segment Results
(Profit(+)/Loss(-)
before tax and
interest from
each segment
a) International 1,674.77 2,757.14 8,305.20 6,553.26
b) Domestic 186.84 228.74 662.71 489.81
Total 1,861.61 2,985.88 8,967.91 7,043.07
Less : i) Interest (54.96) 316.81 815.12 1,088.03
ii) Other
unallocable
expenditure
net off
unallocable
income - - -
Total Profit
Before Tax 1,916.57 2,669.07 8,152.79 5,955.04
Capital Employed
(Segment assets-
Segment
3 Liabilities)
a) International 51,347.05 22,839.93 51,347.05 22,839.93
b) Domestic 10,847.51 7,205.96 10,847.51 7,205.96
Total 62,194.56 30,045.89 62,194.56 30,045.89
Notes:
1 The above results have been approved by the Audit Committee and
taken on record by the Board of Directors at its meeting held on
June 15, 2006
2 There were no qualifications by the Auditors in their report for
the aforesaid period.
3 The entire Income relates to income from Software Business
4 The segment report is prepared in accordance with the Accounting
Standard - 17 "Segment Reporting" issued by the Institute of
Chartered Accountants of India.
5 The consolidated results have been prepared in line with the
requirements of Accounting Standards - 21 "Consolidated Financial
Statements".
6 There were no investor complaints received during the quarter.
There were no complaints pending at the beginning or lying
unresolved at the end of the quarter
7 The Company had issued 12,00,000 equity shares of Rs.10 each on
preferential basis to the promotor group/ strategic investors on
October 11,2005 at a premium of Rs.890 per share. The company has
raised Rs.108.00 crores from this issue. Pending utilisation, the
same has been kept in term deposit with the Bank
8 The Company raised Euro 42 Million (Rs.220.77 Crores) by way of
issue of 2.50 % Foreign Currency Convertible Bonds due 2011 during
March, 2006. The Utilisation of funds upto March 31, 2006 is as
follows:
Particulars (Rs. In Crores)
Issue expenses 6.24
Capital expenditure 18.65
Term Loan repayment to Jammu &
Kashmir Bank Ltd 7.98
Advance to Subsidiaries 51.94
Software Imports 5.92
Others (Exchange Variation ) (7.04)
Total 83.69
The Balance of Rs.137.08 Crores is available as Deposit with
Scheduled Banks
9 At the AGM held on September 27, 2005, the members have approved a
stock split of 5 : 1 and a bonus issue of 1 : 1. both these have
been actioned during the year.
10 During the quarter the Company acquired selected businesses of
Karna Softek India Pvt Ltd, and it along with its subsidiary
Systat Software Inc., jointly acquired the Intellectual Property
Rights in and to InventX ePM together with the ongoing business of
InventX Inc, USA.
11 As part of the restructuring exercise the business of Systat
Software Asia Pacific Ltd has been taken over by the Company with
effect from December 20, 2005
12 The consolidated results include results of following:
Name of the Company % of Holding Holding Company
Systat Software Asia Pacific Ltd 100% Cranes Software
International Ltd
Systat Software Inc. USA 100% Cranes Software
International Ltd
Systat Software UK Ltd. 100% Systat Software Inc.
USA
Cranes Software
International Pte. Ltd., 100% Cranes Software
International Ltd
Systat Software GmbH 100% Cranes Software
International Ltd
EMRC Engineering Mechanics Research
(India) Ltd 100% Cranes Software
International Ltd
NISA Software Inc, USA 100% Cranes Software
International Ltd
13 The Directors have recommended a regular equity dividend of 20%
(Rs.0.40 per share) and a special dividend of 40% (Rs.0.80 per
share), thereby aggregating to 60% (Rs.1.20 per share), subject to
approval of the shareholders.
14 Previous period figures have been regrouped/reclassified wherever
necessary
By Order of the Board
Mueed Khader
Director
Place: Bangalore
Date: June 15, 2006
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion