Compuage Infocom Ltd — Interim / Quarterly Report 2021

Nov 12, 2021

12th November, 2021

To, The Corporate Services Dept., BSE Ltd., Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001.

National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051.

Security Code: 532456 ISIN: INE070C01037

Symbol: COMPINFO

Sub: Unaudited financial results for the quarter and half year ended 30th September, 2021

Dear Sir / Ma'am,

Pursuant to the provisions of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith following documents as considered at the Board Meeting held on Friday, 12th November, 2021:

• 1. Standalone and Consolidated Unaudited Financial Results for the quarter and half year ended 30th September, 2021.
• 1. Limited Review Report issued by Chartered Accountants, M/s. Bhogilal C. Shah & Co. for the quarter ended 30th September, 2021.
• 1. Statement of Assets and Liabilities as on 30th September, 2021.

Kindly take the same on records and oblige.

Thanking you,

Yours faithfully For Compuage Infocom Limited,

Anmol Jolly Company Secretary

Place: Mumbai Encl.: As above.

D-601/602 & G-601/602, Lotus corporate Park,Graham firth Steel Compound, Gianam inm sieel Compound,Western express Highway, Goregaon (E),Mumbai – 400 063. India.Ph.:+91-22-6711 4444Fax:+91-22-6711 4445 info@compuageindia.comwww.compuageindia.comCIN: L99999MH1999PLC135914

______________________________________	ARCHITECT: UNIVERSITY OF CONTRACT:$\vdots$	CONTRACTOR INTO CONTRACT INTO
	יר הת התווי ווחרוווד

ди сит. 12-100/100/2 ос слотого слоточате тать, сиганани гини эсер сонироник, технен в 2.0.1180/0013001-вай, танноа-4001761: 02010002 ос слотого представляется в село (2013). 114445. Website: www.compuageindia.comState

													(Rs.in Lakhs except EPS)
Sr.No	PARTICULARS				STANDALONE	Half Ended				CONSOLIDATED
		100/100/1021	Quarter Ended1 30/06/2021	07/09/20	12/60/06	07/60/06	31/03/2021	10/09/2021	Quarter Ended3006/2021	30/09/20	12/60/06	Half Ended30/09/20	31/03/2021
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	Revenue from operations	12123.59	65969.42	108769.02	178093.0	164181.87	372978.671716.42	12123.59	65969.42439.00	108769.02251.56	178093.01929.11	164181.87940.86	372978.671739.54
E$\equiv$	Other IncomeTotal Income $(I + II)$	1,12,613.70490.11	66,408.42439.00	1,09,020.58251.56	1,79,022.1211'626	1,65,122.73940.86	3,74,695.09	1,12,613.70190.11	66,408.42	(99,020.58	1,79,022.12	1,65,122.73	3,74,718.21
티	Expenses:			04497.86		57665.72	357723.57	107316.36	63295.81	104497.87	170612.18	157665.72	357723.57
	Employee Benefit expenseCost of Goods Sold	107316.36898.76	63295.81774.32	846.60	170612.18	1748.91	3485.37	898.76	774.32	846.60			3485.37
	Finance costs	1952.84	1524.36	1544.63	3477.20	2769.63	6294.71	1952.84		$\frac{1544.63}{90.54}$	$\frac{1673.08}{3477.20}$	$\frac{1748.91}{2769.63}$	6294.71
	$0$ aloloDepreciation and amortisation exp	78.16	82.49	90.54	160.65	182.37	159.31	78.16	$\frac{1524.36}{82.49}$		160.65	182.37	359.31
	Other Expenses	1409.53	601.24		2010.77	1836.14	4063.58	1408.81	601.24	$\frac{1144.14}{1,08,123.78}$	1,77,933.16	$\frac{1836.14}{1,64,202.77}$	$\frac{4065.99}{3,71,928.95}$
	Total ExpensesProfit before Exceptional and	1,11,655.65	66,278.23	$\frac{1144.14}{1,08,123.77}$	1,77,933.88	1,64,202.77	3,71,926.54	1,11,654.93	66,278.23
$\overline{\phantom{a}}$	(III - IIIExtraordinary Items and Tax	958.05	130.19	896.81	1,088.24	919,96	2,768.55	958.77	130.19	896.80	1,088.96	96'616	2,789.26
l≤l	⊵xceptional items	Γ			$\overline{\mathbb{R}}$	$\overline{\infty}$			$\frac{0.00}{0}$		$\frac{0.00}{\sqrt{2}}$	0.00	00.00
$\leq$	Profit before Tax (V - VI)		130.19	896.81	1088.24	96'616	$\frac{0.00}{2768.55}$	$\frac{0.00}{\frac{958.77}{203.96}}$	$\frac{130.19}{27.93}$	$\frac{0.00}{\frac{215.70}{215.70}}$	1088.96	$\frac{919.96}{221.25}$	2789.26
$\sum$	Tax Expense including Deffered T	958.05	27.93	215.70	231.89	221.25	721.11
	Profit (loss) for the period from
≅	continuing operations (VII-VIII)	754.09	$\frac{102.27}{2}$	11789	856.35	698.71	2,047.44	754.82	102.27	881.10	857.07	698.71	2,068.15
	Profit (loss) from discontinued ope	$\overline{0.00}$	0.00	00.00	$\overline{000}$	$\overline{0.00}$	$\overline{0.00}$	0.00	$rac{6}{8}$	$rac{0.00}{0.00}$	$\frac{1}{80}$	$rac{10}{800}$	0.00
∣×∣	Tax Expense of discountinued ope	0.00	0.00	0.00	0.00	0.00	0.00	000					$\frac{6}{10}$
$\mathbb{K}$	operations after tax (X - XI)Profit (loss) from discontinuing	754.09	102.27	11189	856.35	12869	2047.44	754.82	102.27	01'189	857.07	698.71	2068.15
NIX	Profit (loss) for the period (IX + XII)
	Other Comprehensive Income
	(a) Items that will be reclassifiedto Profit & Loss
	Employee Benefit Plans-Remeasurment of Defined	000	0.00	0.00	0.00	0.00	43.81	0.00	$\overline{0.00}$	$\overline{0.00}$	0.00	$\overline{0.00}$	43.81
	items- Income Tax relating to above	$\frac{0.00000000000000000000000000000000000$	0.00	00.00	0.00	$\frac{0.00}{\pi}$	$-11.02$	0.00	$\overline{000}$	$\overline{0.00}$	$\overline{0.00}$	$\overline{0.00}$	(11.02)
	(b) Items that will be reclassifiedto Profit & Loss
	differenceForeign Currency Transalation	$\overline{60}$	$\frac{1}{8}$	$\overline{00.00}$	0.00	0.00	1859	0.00	0.00	$\overline{00}$	0.00	$\overline{000}$	65.81
	items-Income Tax relating to above	$\overline{0.00}$	$\overline{\infty}$	0.00	0.00	$\frac{6}{10}$	$-16.56$	ခြ	$\frac{0.00}{\epsilon}$	0.00	$\overline{0.00}$	0.00	(16.56)
	net of taxOther Comprehensive Income,	0.00	0.00	0.00	0.00	$\frac{0.00}{\pi}$	82.04	0.00	0.00	0.00	0.00	0.00	82.04
	Total Comprehinsive Income for
	(XIII+XIV)(Comprisingthe period
	Profit(Loss) and Other
l≳	period)Comprehensive Income for the	754.09	102.27	11189	856.35	698.71	$\frac{2,129.48}{2,129.48}$	754.82	102.27	681.10	SS7.07	698.71	2,150.19
IAX	Continuing operation) (EPS).Earnings per equity share (For
	Basic and diluted EPS (Rs.)	$\overline{5}$	910	$\frac{1.05}{2}$	1.32	SO'1	3.28	511	910	1.05	1.32	1.08	3.31
$_{\rm HAX}$	discontinued operation)Earnings per equity share (For
	Basic and diluted EPS (Rs.)	$\overline{000}$	$\frac{0.00}{2}$	$\overline{00}$	$\overline{\phantom{000000000000000000000000000000000000$	0.00	$\frac{1}{100}$	$\overline{000}$	0.00	$\frac{1}{2}$	$\frac{1}{2}$	0.00	$\overline{0.00}$
	discontinued & continuingEarnings per equity share (For
$\sum$	operation)
	Basic and diluted EPS (Rs.)	1.16	$\frac{0.16}{1}$	1.05	$\overline{1.32}$	$\frac{1.08}{ }$	3.28	511	910	1.05	1.32	1.08	3.31

Notes:

1. The Company has adopted Indian Accounting Standard ('md AS") from April 1, 2017 with a transition date ofApril 1, 2016 and accordingly these results have been prepared in accordance with the recognition and measurement principles of the Companies (Indian Accounting Standards) Rules, 2015 (md AS), as amended by the Companies (Indian Accounting Standards) (Amended Rules), 2016 prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. The statements are prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2. The format for the above results as prescribed in SEBI's Circular No. CIRJCFD/CMD/15/2015 dated November 30, 2015 has been modified to comply Circular dated July 5, 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013 applicable to companies that are required to comply with md AS.

3.The Company operates only in one reportable segment. The company is engaged in Trading in Computer parts and peripherals, Software and Telecom products. The company also provides Product Support Services for Information Technology Products

1. The global widespread ofCOVID-19 has been a fluid and challenging situation facing all the industries. The Company has taken all possible effective measures to limit and keep the impact of COVID-l9 under control, in order to ensure business continuity with minimal disruption. The Company continues to pay close attention to the development of COVID- 19 and will further evaluate and actively respond to such impact on the financial position and financial performance of the Company.

2. Effective April 1, 2019, the Company adopted md AS 16, Leases and applied the standard to all lease contracts existing on April 1, 2019. However, as all the leases are short-term leases or low value leases, the Company has not recognized any right-of-use asset and corresponding lease liability for any of the lease arrangements during the year.

3. The above financial results were reviewedby the Audit Committee and thereafter approved by the Board of Directors at their meeting held on Friday, November 12, 202 The Statutory Auditors have carried out Limited Review of the above results for the quarter & half year ended 30th September 2021.

7 Standalone and Consolidated Statement of Assets and Liabilities & Cash flows forms part of the notes

8 Previous period tigures have been regrouped/restated wherevur necessary

Dated: 12th November 2021

For Compuage Infocom Limited — Place: Mumbai Atul Me a Chairman and Managing Director

BHOGILAL C. SHAH & CO.

CHARTERED ACCOUNTANTS

2A, Shree Pant Bhuvan, 1st floor, Sandhurst Bridge, Mumbai 400 007. Phone : 2361 0939

PARTNERS :

SNEHAL V. SHAH B.Com., F.C.A., M.M. (U.S.A.) SURIL V. SHAH B.Com., A.C.A., M.B.A. (U.S.A.)

Limited Review Report to the Board of Directors of Compuage Infocom Limited

We have reviewed the accompanying statement of unaudited financial results of Compuage Infocom Limited for the period ended 30th September 2021. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Bhogilal C. Shah & Co. Chartered Accountants (Firm Regn. No. 101424W)

Suril Shah Partner Membership No. 42710 UDIN : 21042710AAAAEI7305 Mumbai, November 12, 2021

BHOGILAL C. SHAH & CO.

CHARTERED ACCOUNTANTS

2A, Shree Pant Bhuvan, 1st floor, Sandhurst Bridge, Mumbai 400 007. Phone : 2361 0939

PARTNERS : SNEHAL V. SHAH B.Com., F.C.A., M.M. (U.S.A.) SURIL V. SHAH B.Com., A.C.A., M.B.A. (U.S.A.)

Limited Review Report to the Board of Directors of Compuage Infocom Limited

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Compuage Infocom Limited ("the Parent") and its subsidiary (the Parent and its subsidiaries together referred to as "the Group"), for the quarter ended 30th September 2021 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended 30th September 2020 as reported in these financial results have been approved by the Parent's Board of Directors, but have not been subjected to review.

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of the following entities:
• 1. Compuage Infocom Ltd.
• 1. Compuage Infocom (S) Pte. Ltd.

1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Bhogilal C. Shah & Co. Chartered Accountants (Firm Regn. No. 101424W)

Suril Shah Partner Membership No. 42710 UDIN : 21042710AAAAEJ4203 Mumbai, November 12, 2021

COMPUAGE INFOCOM LIMITED

Particulars	Standalone			Consolidated
	30-Sep-21	31-Mar-21	30-Sep-21	31-Mar-21
	Unaudited	Audited	Unaudited	Audited
ASSETS
Non-current assets
Property, plant and equipment	4,556.20	4,711.35	4,556.20	4,711.35
Intangible assets	464.60	0.74	464.60	0.74
Financial assets:
Investments	48.12	171.23	48.12	98.12
Others financial assets	2.32	488.54	2.32	488.54
Total non-current assets	5,071.24	5,371.86	5,071.24	5,298.75
Current assets
Inventories	31,220.13	31,938.80	31,220.13	31,938.80
Financial assets:
Investments
Trade receivables	53,032.93	55,475.90	53,032.93	55,475.90
Cash and cash equivalents	574.09	779.34	577.16	782.36
Bank balances other than above	7,927.59	6,376.32	7,927.59	6,376.32
Loans	533.11	1,070.22	533.11	1,070.22
Other financial assets	1,885.32	1,626.58	1,885.32	1,626.58
Current tax assets (net)	113.49	185.12	113.49	185.12
Other current assets	7,571.85	10,132.01	7,976.36	10,530.29
Total current assets	1,02,858.52	1,07,584.29	1,03,266.10	1,07,985.59
TOTAL ASSETS	1,07,929.75	1,12,956.15	1,08,337.33	1,13,284.34
EQUITY AND LIABILITIES
Equity
Equity share capital	1,299.52	1,299.52	1,299.52	1,299.52
Other equity	21,608.55	20,882.16	21,655.04	20,927.93
Total equityLiabilities	22,908.07	22,181.68	22,954.56	22,227.45
Non-current Liabilities
Financial Liabilities:
Borrowings	6,574.94	7,110.46	6,577.17
Provisions	184.57	184.57	184.57	7,110.46
Deferred tax liabilities (net)	387.78	387.78	387.78	184.57
Total non-current liabilities	7,147.29	7,682.81	7,149.52	387.787,682.81
Current Liabilities
Financial liabilities:
Borrowings	44,302.72	50,180.74	44,785.05	50,655.43
Trade payables	23,018.18	24,373.60	23,018.18	24,373.60
Other financial liabilities	6,689.11	4,925.55	6,689.11	4,733.28
Other current liabilities	3,834.39	3,581.77	3,710.92	3,581.77
Provisions	30.00	30.00	30.00	30.00
Total current liabilities	77,874.40	83,091.66	78,233.26	83,374.08
Total liabilities	85,021.68	90,774.47	85,382.77	91,056.89
Total equity and liabilities	1,07,929.75	1,12,956.15	1,08,337.33	1,13,284.34

$d$ alana and $C$ $11.3242.31.4$ $1 + 1 + 1 + 1 + 1 + ...$ $\sim$ $c_{\alpha}$

For Compuage Infocom, Limited

$\epsilon$

Place: Mumbai Date: Nov 12, 2021. Atul Mehta Chairman and Managing Director

Statement of Standalone Cash Flows for the year ended September 30, 2021ParticularsCash Flows From Operating ActivitiesProfit before taxAdjustment For:Depreciation and amortisation expensesUnrealised Exchange Rate Diffference (Net)Finance costsInterest income from financial assets measured at amortised costDividend received on current investmentsLoss / (Gain) on Sale of Property, Plant & EquipmentOperating Profit Before Working Capital ChangesChanges in working capital:Decrease/(Increase) In InventoriesDecrease/(Increase) In Trade ReceivablesDecrease/(Increase) In Current LoansDecrease/(Increase) In Other Current AssetsDecrease/(Increase) In Other Financial AssetsIncrease /(Decrease) In Trade PayablesIncrease /(Decrease) In Other Financial LiabilitiesIncrease /(Decrease) In Other Current LiabilitiesIncrease /(Decrease) In Current provisionsIncrease /(Decrease) In Non Current provisionsIncome tax paid (net of refund)Net Cash Inflow/(Outflow) From Operating Activities (A)Cash Flows From Investing ActivitiesPurchase of Property, plant and equipmentSale of Property, plant and equipmentSale/(Purchase) of Current Investments (net)Sale/(Purchase) of Non-Current InvestmentsProceeds from / (Payment of) fixed depositsInterest received on financial assets measured at amortised costDividend Received on Current InvestmentsNet Cash Inflow/(Outflow) From Investing Activities (B)		Sept 30, 20211,088.24160.653,477.20(929.11)3,796.99718.672,442.97537.112,560.16(258.74)(1,355.42)1,763.56252.62$\blacksquare$6,660.92(160.27)10,297.64	( ₹ In Lakhs)March 31, 20212,768.55359.3168.126,294.71(1,656.72)(1.65)7,832.321,856.46(50.13)(563.76)(893.12)(504.38)(14, 887.38)1,436.23104.1643.50(13, 458.42)
			(399.25)
			(6,025.35)
		(469.36)	(61.41)
			1.96
		123.11	(24.99)
		(1,065.05)	188.96
		929.11	1,656.72
		(482.19)	1,761.24
Cash Flows From Financing Activities
			5,582.28
			4,974.33
			(6,294.71)
			(129.95)
			4,131.95
			(132.16)
			911.50
			779.34
	Proceeds from / (Repayment of) Current BorrowingsProceeds from / (Repayment of) Non Current BorrowingsCash And Cash Equivalents As At Beginning Of The YearCash And Cash Equivalents As At End Of The Year	Dividend on Equity shares (including dividend distribution tax)Net Cash Inflow/(Outflow) From Financing Activities (C)Net Increase/(Decrease) In Cash And Cash Equivalents (A+B+C)The above Statement of Cash Flows has been prepared under the 'Indirect Method' as set out in the Ind AS 7 -Statement of Cash Flows as notified under the Companies (Indian Accounting Standards) Rules, 2015.	(5,878.02)(535.52)(3,477.20)(129.95)(10, 020.70)(205.25)779.34574.09

	COMPUAGE INFOCOM LIMITED
	Statement of Consolidated Cash Flows for the year ended September 30, 2021			(₹ In Lakhs)
	Particulars		Sept 30, 2021	March 31, 2021
A.	Cash Flows From Operating Activities
	Profit before tax		1,088.96	2,789.26
	Adjustment For:
	Depreciation and amortisation expenses		160.65	359.31
	Unrealised Exchange Rate Diffference (Net)			65.02
	Finance costs		3,477.20	6,294.71
	Interest income from financial assets measured at amortised cost		(929.11)	(1,656.72)
	Loss / (Gain) on Sale of Property, Plant & Equipment			(1.65)
	Operating Profit Before Working Capital Changes		3,797.71	7,849.93
	Changes in working capital:
	Decrease/(Increase) In Inventories		718.67	1,856.46
	Decrease/(Increase) In Trade Receivables		2,442.97	(50.13)
	Decrease/(Increase) In Current Loans		537.11	(563.76)
	Decrease/(Increase) In Other Current Assets		2,553.93	(839.41)
	Decrease/(Increase) In Other Financial Assets		(258.74)	(504.38)
	Increase /(Decrease) In Trade Payables		(1,355.42)	(14, 887.38)
	Increase /(Decrease) In Other Financial Liabilities		1,955.83	1,379.87
	Increase /(Decrease) In Other Current Liabilities		129.15	104.16
	Increase /(Decrease) In Non Current provisions			43.50
	Total		6,723.49
	Income tax paid (net of refund)		(160.27)	(13, 461.07)(399.25)
	Net Cash Inflow/(Outflow) From Operating Activities (A)		10,360.93	(6,010.39)
B.	Cash Flows From Investing Activities
	Purchase of Property, plant and equipment		(469.36)	(61.41)
	Sale of Property, plant and equipment			1.96
	Sale/(Purchase) of Non-Current Investments		50.00	(24.99)
	Proceeds from / (Payment of) fixed deposits		(1,065.05)	188.96
	Interest received on financial assets measured at amortised cost		929.11	1,656.72
	Net Cash Inflow/(Outflow) From Investing Activities (B)		(555.30)	1,761.24
C.	Cash Flows From Financing Activities
	Proceeds from / (Repayment of) Current Borrowings		(5,870.38)	5,566.94
	Proceeds from / (Repayment of) Non Current Borrowings		(533.29)	4,974.33
	Interest Paid		(3,477.20)	(6, 294.71)
	Dividend on Equity shares (including dividend distribution tax)		(129.95)	(129.95)
	Net Cash Inflow/(Outflow) From Financing Activities (C)		(10, 010.83)	4,116.61
	Net Increase/(Decrease) In Cash And Cash Equivalents (A+B+C)		(205.20)	(132.54)
	Cash And Cash Equivalents As At Beginning Of The Year		782.36	914.90
	Cash And Cash Equivalents As At End Of The Year		577.16	782.36
$\mathbf{i}$	The above Statement of Cash Flows has been prepared under the 'Indirect Method' as set out in the Ind AS 7 -Statement of Cash Flows as notified under the Companies (Indian Accounting Standards) Rules, 2015.	est	For Compuage Infocom Limited
	Place: Mumbai		Atul Mehta
	Dated : Nov 12, 2021		Chairman & Managing Director

$\bar{t}$

$\overline{\phantom{a}}$