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Tera Software Ltd.

BSE: 533982 | NSE: TERASOFT |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE482B01010 | SECTOR: Computers - Software Medium & Small

BSE Live

Apr 03, 16:00
13.73 0.57 (4.33%)
Volume
AVERAGE VOLUME
5-Day
1,725
10-Day
1,636
30-Day
2,884
1,185
  • Prev. Close

    13.16

  • Open Price

    14.31

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 03, 15:56
13.50 0.25 (1.89%)
Volume
AVERAGE VOLUME
5-Day
11,894
10-Day
12,859
30-Day
12,662
19,924
  • Prev. Close

    13.25

  • Open Price

    14.00

  • Bid Price (Qty.)

    13.50 (7)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Director’s Report

Your Directors have pleasure in presenting the Twelfth Annual Report and the audited accounts of the company for the year ended 31st March 2006 together with Auditors report thereon. a) Financial Results: (Rs. In Lakhs) PARTICULARS Year Ended Year Ended 31.03.2006 31.03.2005 Gross Income 3529.69 1758.65 Expenditure 2138.25 888.47 Profit before interest, deprecation & tax 1391.44 870.18 Less; Interest (Financial Cost) 101.02 95.27 Profit before depreciation & tax 1290.42 774.91 Less: Depreciation 368.20 310.26 Profit before tax 922.22 464.64 Less: Provision for tax : Current year 281.17 123.79 : Deferred tax 24.96 39.68 : Fringe Benefit tax 4.60 310.73 -163.47 Profit after tax 611.48 301.17 Add: Balance brought forward from Previous Year 345.98 201.87 Add/(Less): Excess provision of Taxation for Earlier years 1.39 347.37 (0.14) 201.73 Profit available for distribution 958.85 502.90 Less: Proposed Dividend @ 20% (Previous Year 15%) 184.19 115.52 Tax on distributable profits 25.83 16.20 Tax on dividend for earlier Years 0.01 0.20 Transferred to General Reserve 500.00 25.00 Residual dividend earlier years 0.04 710.07 -156.92 Balance Carried to Balance Sheet 248.78 345.98 b) Dividend: Your Directors are pleased to recommend a dividend of 20% absorbing a sum of Rs. 210.02 Lakh including the tax on distributable profits. c) Listing of Shares in Stock Exchanges: At present the Equity Shares of your company are traded under permitted Securities on the Stock Exchange, Mumbai and listed on The Hyderabad Stock Exchange Limited and Bangalore Stock Exchange Limited. The listing fee was paid up to date. d) Overseas Office: The foreign branch in U.S.A. is being continued to take the opportunity in participating in the international market. e) Fixed Deposits: The Company has accepted fixed deposits to which the provisions of Section 58A of the Companies Act, 1956 are applicable during the year under review. There are no overdue amounts of deposits including the interest thereon as at the end of the year. f) Directors: In accordance with the provisions of the Companies Act, 1956, and the Articles of Association of the Company, Sri T. Gopi Chand, Vice chairman and Managing Director, Sri N.V.V.Prasad, Executive Director and Sri R.S.Bakkannavar, Director, will be retiring by rotation at this annual general meeting and being eligible offer themselves for reappointment. g) Auditors: M/s. NARVEN ASSOCIATES, Chartered Accountants retire at the ensuing Annual General Meeting, and are eligible for reappointment. They have furnished the requisite certificate to the effect that their reappointment, if effected, would be in accordance with section 224 (1 B) of the Companies Act 1956. h) Particulars of Employees: There are no employees in the Company whose particulars are to be given pursuant to Section 217(2A) of the Companies Act. 1956. i) Conservation of energy, technology absorption and foreign exchange earnings/out goings: The particulars as required U/S 217(1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules 1988 are: 1. Conservation of energy: The Company is not an energy intensive unit. 2. Technology absorption, adaptation & innovation: The Company has not imported any technology. 3. Foreign Exchange Earnings and outgo: 1. Earnings in Foreign Currency (FOB): Particulars Current Year Previous Year (Rs.) (Rs.) Software Development/Services 12,710,000 2,436,000 Sales Incentive Nil 73,296 Total 12,710,000 2,509,296 2. Expenditure in Foreign Currency (CIF): Particulars Current Year Previous Year (Rs.) (Rs.) Import of Raw Material Nil NIL Traveling Expenses Nil NIL Expenses incurred at Overseas branch 131,565 1,475,440 Total 131,565 1,475,440 j) Directors Responsibility Statement Pursuant to the requirement under section 217(2AA) of the Companies Act, 1956, with respect to Directors Responsibility Statement, it is hereby confirmed: a. That in the preparation of the accounts for the financial year ended 31st March, 2006 the applicable accounting standards have been followed along with proper explanation relating to material departures; b. That the directors have selected such accounting policies and applied them consistently and made adjustments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit of the company for the year under review; c. That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d. That the directors have prepared the accounts for the financial year ended 31st March, 2006 on a going concern basis. k) Acknowledgment Your directors thank the clients, vendors, investors and bankers for their continued support. Your directors place on record their appreciation of the contribution made by the employees at all levels. Your directors thank the Government of India, State Governments, Electronic Corporation India Limited and Other Government Agencies for their support during the year and look forward to their patronized support. For and on behalf of the Board of Directors Sd/- Sd/- Date: 28.08.2006 (T. Gopi Chand) (N.V.V.Prasad) Place: Hyderabad. Vice Chairman and Executive Director Managing Director

Director’s Report