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Avance Technologies Ltd.

Main Activities: Publishing Industries (except Internet)

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Company Information

Full name
Avance Technologies Ltd.

Legal Address
Office No. 209 2nd Floor,, Kapadia Chambers, 599 J S S Road; Mumbai; Maharashtra; 400002
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : INE758A01015
Financial Auditors: Ramesh Batham & Co (2013)
Incorporation Date: January 30, 1985

Tel: 32992260

Company Description

Avance Technologies Limited provides mobile value added services in India. Its mobile value added services include short code services, mTex.Web based SMS Broadcast Tool, SMS API, mobile marketing solutions, campaign studio, email Web integration, and ad insertion programme. The company was formerly known as VMC Software Limited and changed its name to Avance Technologies Limited in March 2003. Avance Technologies Limited was incorporated in 1985 and is based in Mumbai, India.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 144.74%, from INR 72.95 tens of millions to INR 178.54 tens of millions. Operating result decreased from INR 0.49 tens of millions to INR 0.18 tens of millions which means -63.27% change. The results of the period decreased -78.26% reaching INR 0.05 tens of millions at the end of the period against INR 0.23 tens of millions last year. Return on equity (Net income/Total equity) went from 0.14% to 0.02%, the Return On Asset (Net income / Total Asset) went from 0.14% to 0.02% and the Net Profit Margin (Net Income/Net Sales) went from 0.32% to 0.03% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 2.44% compared to 1.14% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 4.61 to 1.21 when compared to the previous year.

Key Executives

Mr. R D Chedda Additional Director
Mr. Ronak Chedda Additional Director
Mr. Deepak S Goyal Executive Director

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Balance Sheet

Shareholders Equity

64

64

* All the accounts are in INR.
Income Statement

Total Operating Revenue

97

65

Operational Profit (Loss)

0

0

Net Profit (Loss)

0

0

* All the accounts are in INR.
Ratios
Profitability Ratios

Return on Equity (ROE)

0.84%

0.67%

Annualised Return on Equity (ROE)

1.12%

1.34%

Return on Sales (ROS)

100%

100%