| 1. Company Overview:
Ace Software Exports Limited (ASEL or Company) was incorporated on
August 17, 1994 under the provisions of the Companies Act, 1956. ASEL's
shares are listed on Bombay Stock Exchange Ltd., Mumbai. ASEL is mainly
engaged in the business of creation of Database.
2 Segment Reporting:
The company's operations fall under single segment namely Computer
Software and Services Exports, hence Segment wise information is not
furnished.
3 The outstanding balances as at 31.03.2015 in respect of certain
Sundry Creditors, Loans & Advances and deposits are subjected to
confirmation from respective parties and consequential reconciliation
and or adjustments arising there from, if any. The Management, however,
does not expect any material variation.
4 According to the opinion of the Management the value of realization
of current assets, loans & advances and other receivables in the
ordinary course of business would not be less than the amount at which
they are stated in the Balance Sheet.
5 Previous year's figures have been regrouped / rearranged wherever
necessary to make them comparable.
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