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Notes to Accounts of ERP Soft Systems Ltd.

Mar 31, 2016

NOTES ON ACCOUNTS:

1. Contingent Liabilities: There are no Contingent liabilities as on date.

2. The Company has Subsidiaries in US namely Libertycom, LLC

3. Segment information:

Currently company is fully into IT Services and entire revenues come from United States.

4. CIF value of import in respect of capital goods: Nil.

Expenditure and Earnings in Foreign Currency: Earnings - $ 48,600 & Expenditure - Nil (Previous Year: Earnings -$ 16,111 & Expenditure -Nil)

5. Additional information pursuant paragraphs 5(iB) & (iii) of part II of

schedule of III of the companies Act, 2013 is not applicable to the Company.

6. Figures for the previous year are regrouped and rearranged, wherever necessary.


Mar 31, 2015

1. Contingent Liabilities: There are no Contingent liabilities as on date.

2. The Company has Subsidiaries in US namely Liberty.com, LLC

3. Segment information:

Currently company is fully into IT Services and entire revenues come from United States.

4. CIF value of import in respect of capital goods: Nil.

Expenditure and Earnings in Foreign Currency: Earnings - $16111 & Expenditure - Nil (Previous Year: Nil)

5. Additional information pursuant paragraphs 5(iB) & (iii) of part II of schedule of III of the companies Act, 2013 is not applicable to the Company.

6. Figures for the previous year are regrouped and rearranged, wherever necessary.


Mar 31, 2014

1. Contingent Liabilities: There are no Contingent liabilities as on date.

2. The Company has Subsidiaries in US namely Libertycom, LLC

3. Segment information:

Currently company is fully into IT Services and entire revenues come from United States.

4. CIF value of import in respect of capital goods: Nil.

Expenditure and Earnings in Foreign Currency: Nil (Previous Year: Nil)

5. There were no employees in respect of remuneration of Rs. 24, 00,000/- or more per annum or Rs.2, 00,000/- or more per month, if employed for part of the year.

6. Additional information pursuant paragraphs 3, 4C and 4D of part II of schedule of VI of the companies Act, 1956 is not applicable to the Company.

7. Figures for the previous year are regrouped and rearranged, wherever necessary.


Mar 31, 2013

1.BACKGROUND AND NATURE OF OPERATIONS

ERP Soft Systems Limited ("ERP Soft") was incorporated in India with limited liability on December 16, 1994. The Company is principally engaged in the business of providing information technology solutions and business process outsourcing services. ERP Soft is headquartered in Chennai, India.

2. SEGMENT INFORMATION

Currently company is fully into IT Services and entire revenues come from United States.

3. Names of related parties and description of relationship

Principal shareholders D. Sreelatha

D. Sivakumar Reddy

D. Kowsalyamma

K. Parvathi

D. Sarojanamma

K. Navaneethamma

G Satish

K. Sivkumar Reddy

K. Chandana

G. Nagaraju

Subsidiaries Libertycom LLC

Key Managerial Personnel K. Parvathi, Managing Director

4. The confirmation from debtors, creditors and parties are pending from respective parties.

5. The previous year''s figures have been reclassified or regrouped where ever found necessary to confirm to groupings and classifications of current year

6 Foreign exchange inflows are Rs.224.39 lacs and outflow is Nil during the year.

7 Information required under paragraphs 4 & 5 of Part-II schedule VI to the Companies Act, 1956 is not applicable due to the nature of the business carried on during the year.


Mar 31, 2012

1. SEGMENT INFORMATION

Business segments are defined as a distinguishable component of an enterprise that is engaged in providing related services and that is subject to risks. This information is reviewed and evaluated regularly by the management in deciding how to allocate resources and in assessing the performance.

The Company is organized geographically and by business segment. For management reporting purposes the Company is primarily organized its business segment into "IT services and BPO services."

IT services and BPO services comprise of software development, Enterprise management Services, Support services, customized software implementations and IT and Business consulting.

SEGMENT REVENUE AND EXPENSE:

Revenue is generated through providing IT and BPO services to the customers.

SEGMENT ASSETS AND LIABILITIES

Segment assets include all operating assets used by a segment and consist principally of debtors and fixed assets.

Segment liabilities include advance from customer, accrued employee cost and other current liabilities.

While most such assets and liabilities can be directly attributed to individual segments, the carrying amount of certain assets and liabilities used jointly by two or more segments is allocated to the segment on a reasonable basis.

2. Names of related parties and description of relationship

Principal shareholders

D. Sreelatha

D. Sivakumar Reddy

D. Kowsalya

K. Parvathi

D. Sarojanamma

K. Radha Krishna Reddy

K. Navaneethamma G Satish

K. Sivkumar Reddy

K. Chandana

G. Nagaraju

Relationship Family members/ relatives

Subsidiaries Libertycom LLC

Key Managerial Personnel K. Parvathi, Managing Director

3. The confirmation from debtors, creditors and parties are pending from respective parties.

4. The previous years figures have been reclassified or regrouped where ever found necessary to confirm to groupings and classifications of current year

5 Foreign exchange inflows are Rs.34.57lacs and outflow is Nil during the year.

6 Information required under paragraphs 4 & 5 of Part-II schedule VI to the Companies Act, 1956 is not applicable due to the nature of the business carried on during the year.


Mar 31, 2011

1. BACKGROUND AND NATURE OF OPERATIONS

ERP Soft Systems Limited ("ERP Soft") was incorporated in India with limited liability on December 16, 1994. The Company is principally engaged in the business of providing information technology solutions and business process outsourcing services. ERP Soft is headquartered in Chennai, India.

2. SEGMENT INFORMATION

Business segments are defined as a distinguishable component of an enterprise that is engaged in providing related services and that is subject to risks. This information is reviewed and evaluated regularly by the management in deciding how to allocate resources and in assessing the performance.

The Company is organized geographically and by business segment. For management reporting purposes the Company is primarily organized its business segment into "IT services and BPO services."

IT services and BPO services comprise of software development, Enterprise management Services, Support services, customized software implementations and IT and Business consulting.

SEGMENT REVENUE AND EXPENSE:

Revenue is generated through providing IT and BPO services to the customers.

SEGMENT ASSETS AND LIABILITIES

Segment assets include all operating assets used by a segment and consist principally of debtors and fixed assets.

Segment liabilities include advance from customer, accrued employee cost and other current liabilities.

While most such assets and liabilities can be directly attributed to individual segments, the carrying amount of certain assets and liabilities used jointly by two or more segments is allocated to the segment on a reasonable basis.

3. Names of related parties and description of relationship

Principal shareholders D. Sreelatha

D. Sivakumar Reddy

D. Kowsalya

K. Parvathi

D. S.Reddy

D. Sarojanamma

K. Radha Krishna Reddy

K. Navaneethamma

G Satish

K. Sivkumar Reddy

K. Chandana

G. Nagaraju

Subsidiaries Libertycom LLC

Key Managerial Personnel K. Parvathi, Managing Director

4. The confirmation from debtors, creditors and parties are pending from respective parties.

5. The previous years figures have been reclassified or regrouped where ever found necessary to confirm to groupings and classifications of current year

6 Foreign exchange inflows are Rs.26.43 lacs and outflow is Nil during the year.

7 Information required under paragraphs 4 & 5 of Part-II schedule VI to the Companies Act, 1956 is not applicable due to the nature of the business carried on during the year.


Mar 31, 2010

1. BACKGROUND AND NATURE OF OPERATIONS ERP Soft Systems Limited ("ERP Soft") was incorporated in India with limited liability on December 16, 1994. The Company is principally engaged in the business of providing information technology solutions and business process outsourcing services. ERP Soft is headquartered in Chennai, India.

2. SEGMENT INFORMATION

Business segments are defined as a distinguishable component of an enterprise that is engaged in providing related services and that is subject to risks. This information is reviewed and evaluated regularly by the management in deciding how to allocate resources and in assessing the performance.

The Company is organized geographically and by business segment. For management reporting purposes the Company is primarily organized its business segment into “IT services and BPO services.”

IT services and BPO services comprise of software development, Enterprise management Services, Support services, customized software implementations and IT and Business consulting.

3. Names of related parties and description of relationship

Principal shareholders D. Sreelatha

D. Sivakumar Reddy

D. Kowsalya

K. Parvathi

D. S.Reddy

D. Sarojanamma

K. Radha Krishna Reddy

K. Navaneethamma

G. Balasubramaniam G Satish

K. Sivkumar Reddy

K. Chandana

G. Nagaraju

Subsidiaries Libertycom LLC Key Managerial Personnel K. Parvathi, Managing Director

4. The confirmation from debtors, creditors and parties are pending from respective parties.

5. The previous years figures have been reclassified or regrouped where ever found necessary to confirm to groupings and classifications of current year

6 Foreign exchange inflows are Rs.75.17 lacs and outflow is Nil during the year.

7 Information required under paragraphs 4 & 5 of Part-II schedule VI to the Companies Act, 1956 is not applicable due to the nature of the business carried on during the year.

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