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 ÃIT services and BPO services.Ã
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.