COMPUTECH INTERNATIONAL LIMITED: BRINGING YOU THE FUTURE... TODAY
Article Abstract:
Computech International Limited (CIL) of Calcutta has reported a 26 percent rise in its cash profit during 1997-98. During the year, its turnover grew by 45 percent while exports grew by 86 percent. CIL has completed its project at Silvassa for producing computer hardware. It has, however, not been able to meet its projections for 1997-98. Against a projected net profit of Rs598.56 lakh, CIL posted a net profit of Rs497.93 lakh. During the year, the cash profit was around Rs774.69 lakh (projected Rs718.47 lakh) while the earnings per share of Rs5.97 (Rs4.97). (ag) ------------------------------------------------------------ Audited Financial Performance of Computech International Limited (Rs in lakh) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Income from operations 6484.19 4430.76 ------------------------------------------------------------ Other income 159.16 157.49 ------------------------------------------------------------ Total income 6643.35 4588.25 ------------------------------------------------------------ Total expenditure 5584.42 3807.33 ------------------------------------------------------------ Interest 284.20 166.53 ------------------------------------------------------------ Gross profit after interest but before depreciation 774.73 614.39 ------------------------------------------------------------ Depreciation 273.80 239.31 ------------------------------------------------------------ Profit before tax 500.93 375.08 ------------------------------------------------------------ Provision for tax 3.00 - ------------------------------------------------------------ Net Profit 497.93 375.08 ------------------------------------------------------------ Equity Capital 1002.10 1002.10 ------------------------------------------------------------ Reserves excluding revaluation reserves 927.05 567.27 ------------------------------------------------------------
Comment:
Posts a net profit of Rs497.93 lakh in 1997-98 against a projected net profit of Rs598.56 lakh
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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COMPUTECH INTERNATIONAL: OPTIMISTIC APPROACH
Article Abstract:
Computech International (CIL), one of the first registrar companies in India, assembles computer hardware and derives over 75 percent of its turnover from hardware and software exports which enables it to earn tax free profits. CIL has a manufacturing plant at Silvassa where personal computers are assembled from knocked down PCs imported from Packard Bell of the US. The plant enjoys tax exemption due to its location. CIL has an agency for distribution of Ispat Inds products in the north and a transport division that owns a fleet of trucks. Each division functions as a strategic business unit with its own CE or who is responsible for the division's profits, revenues and expenses. For the half year ended September 1997, CIL achieved sales growth of 154 percent at Rs23.58 crore. Its profit before tax grew by 66 percent to Rs3.36 crore. For 1998-99, CIL is confident that it will achieve the targeted turnover of Rs75 crore which will yield a profit of more than Rs7.5 crore. CIL's stock was quoting Rs10 as on June 1998. (tsm)
Comment:
Assembles computer hardware & derives over 75% of turnover from hardware & software exports which lets it earn tax-free profits
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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PLEASANT DESIGNS
Article Abstract:
Rolta India Ltd (RIL) has identified CAD/CAM as its niche area of business. It has a tie up with Intergraph Inc and has exclusive rights to sell Intergraph machines. It gets 50 percent of its revenue from government and public sector units. Software contributes 60 percent to the sales, hardware accounts for 25 percent and the rest from training and maintenance services. It does mapping and data conversion for export markets through its 100 percent subsidiary Roltas International Inc. It has order worth Rs110 crore, which is likely to be completed in 18 to 24 months time. It has set up a subsidiary in Amsterdam for the European markets. It plans to invest Rs50 crore to set up infrastructure and internet services at its Amsterdam subsidiary in 1998-99. RIL has projected a net profit of Rs48 crore and an earnings per share of Rs7.28. The scrip is traded at price earnings multiple of 9. (rk)
Comment:
Rolta India Ltd (RIL) has identified CAD/CAM as its niche area of business.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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