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Netripples Software Ltd.

BSE: 542117 Sector: IT
NSE: N.A. ISIN Code: INE478B01018
BSE 00:00 | 19 Apr 4.36 -0.22
(-4.80%)
OPEN

4.36

HIGH

4.36

LOW

4.36

NSE 05:30 | 01 Jan Netripples Software Ltd
OPEN 4.36
PREVIOUS CLOSE 4.58
VOLUME 500
52-Week high 13.92
52-Week low 4.28
P/E 11.78
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4.36
CLOSE 4.58
VOLUME 500
52-Week high 13.92
52-Week low 4.28
P/E 11.78
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Netripples Software Ltd. (NETRIPPLESSOFT) - Director Report

Company director report

To the members

Your Directors have the pleasure in presenting the 26th Annual Report on thebusiness and operations of your company with audited accounts for the year ended 31stMarch 2019.

Sustained Operations:

Your directors are pleased to present this year operation results At the outset itwas an eventful year with sustaining the operations with austerity measures initiatedacross the Company towards reducing the cost of operations marketing reduced expenditureon Travelling and as well Marketing and Business Development efforts. We continue ourgrowth trend with normal profits this year with a gross turnover crossing INR249865156/- mark and the net operational profits will be Rs 4389000/-

We have close to 75 products ready and Software Products and services. These arecopyrighted and now available with copyright valid in 155 countries and other parts of theworld. The revenue generation system has been improved from The Medical and Hospital suiteof Applications where in Complimenting the Digital Growth in India we have setup a onlineStore www.netripples.com where is as first time a health care product is available onlinefor instant download easy self- installed with installation guide and guarantees lifetime license with 12 months warranty online. Your company will be the first company in theworld to offer Health care software products online directly downloadable from any countryand paid online with payment gateway in Indian rupees and as well US dollars.

Secondly your company is the one and only company with all of its products areavailable online in top online stores like Amazon India Amazon Worldwide including USAand Canada and Flip Kart Snapdeal Shopclues and over 10 worldwide stores.

The prices of these products are so designed to cater to any Pharmacy Shop Medicalstore Diagnostic Labs Small Hospitals. Large Hospitals. Dental Clinics PediatricClinics Children Hospital Multi-Specialty Hospitals Super specialty HospitalsMaternity Nursing Homes Women's Hospital Homeopathy clinics. Homeopathy Hospitals andmany more.

We have now automated with Artificial intelligence to automatically appoint Channelpartners which includes Resellers Dealers Distributors etc. online and creates theirlogin user id and password and they will get their margins directly credited to their bankaccount.

We are getting good response from both online customers and also from channel partnersacross the world. We see tremendous growth in this segment with increasing demand foronline purchases and healthcare segment has been one of the segments where Netripples hascreated a new market and many are still working on it.

Lastly with this development we have added another feather in the cap by setting thewebstore to be mobile compatible which makes easier for any customer or healthcare segmentpartners to access their products easily on their mobile or tablets.

We have also added Videos for instant training for all the products along with screenshots for easier and self-analyzing of the product which reduces the requirement of demosphysically or online and customers can get themselves trained in the respective productfor their staff and themselves for easier operations.

At the outset we would like to thank all the board of directors the Employees TheBankers Bombay Stock Exchange Registrars Depositaries and SEBI and other Govt agenciesand authorities for their valuable support during the year.

Further Outlook:

Your company being the online company with online Store in healthcare ID segment weplan to explore further by adding lot of new products in the Webstore to cater tohealthcare segment will continue to explore the possibilities of entering into newmarkets. We will also explore to add more channel partners worldwide including majorcities in India.

DIRECTORS' RESPONSIBILITY STATEMENT:

Your Directors wish to confirm that:

i. in the preparation of annual accounts for the year ended 31st March2019 the applicable accounting standards read with requirements set out under ScheduleIII to the Act have been followed and there are no material departures from the same;

ii. such accounting policies have been selected and applied consistently and judgmentsand estimates are made that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company at 31st March 2019 and of the profit ofthe company for the year ended on that date;

iii. proper and sufficient care has been taken for maintenance of adequate accountingrecords in accordance with the provisions of the Companies Act 1956/2013 for safeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities;

iv. accounts for the financial year ended on 31st March 2019 are preparedon a going-concern basis.

v. internal financial controls to be followed by the Company has been laid down andsuch internal financial controls are adequate and are operating effectively; and

vi. proper systems have been devised to ensure compliance with the provisions of allapplicable laws and such systems are adequate and operating effectively.

Management Discussions and Analysis

Pursuant to the provisions of clause 49 of the listing agreement a report onmanagement discussion and analysis is set in the annexure as addition to this report.

Constitution of committees:

It is brought to the notice of the members that the provisions of clause 49 of thelisting agreement became applicable to the company by the end of March 2019. As requiredby the said clause your company has constituted two committees.

1. Shareholders/Investors Grievance Committee comprising of Mr.

a. Sameer Sohrab

Non-Executive Independent Director

b. Sajid Salman

Non-Executive Director Member.

c. Jameela Afreen.

Non-Executive Director Member.

2. Audit Committee comprising of

a. Sameer Sohrab

Non-Executive Independent Director

b. Sajid Salman

Non-Executive Director Member.

c. Jameela Afreen.

Non-Executive Director Member.

3. Nomination and Remuneration Committee

a. Sameer Sohrab

Non-Executive Independent Director

b. Sajid Salman

Non-Executive Director Member.

c. Jameela Afreen.

Non-Executive Director Member.

Auditors:

M/s. BGS AND ASSOCIATES Hyderabad the auditors of the company retire at theconclusion of the ensuring Annual General Meeting and being eligible offer themselves forreappointment.

Particulars of Employees:

No employee of the company is in receipt of remuneration of 12 lakhs per annum noemployee is in receipt of remuneration of Rs 100000 / - per month for any part of thefinancial year the particulars of which require to be disclosed pursuant to section217(2A) of the companies Act 1956/2013 arid the companies (particulars of Employees)Rules 1975 as amended.

Listing: Your Company is now listed in Bombay Stock Exchange and traded actively.

Conservation of Energy Technology Absorption exports and foreign exchange earningsand outings in accordance with the Companies (Disclosure of particulars in report of Boardof Directors) Rules 1988 is set out in this report.

Corporate Governance:

Your Company is committed to achieve the best standards of corporate governance.Pursuant to the provisions of Clause 49 of the Listing Agreement a report on theCorporate Governance is featuring as part of Annual Report. A Certificate obtained fromthe statutory auditors on the compliance of Corporate Governance is annexed to thisreport.

Secretarial Compliance Report

As a reflection of your Company's commitment to transparency The Board is pleased toenclose the Secretarial Report for the financial year 2018-2019 as part of the Director'sReport.

Acknowledgements:

The Board wishes to express its deep sense of gratitude to the company's Bankers. TheBoard of Directors also thanks all the shareholders who have put their trust in thecompany.

The Board of Directors would like to place on record their appreciation to all theemployees for their co-operation and valuable contribution.

Place: Hyderabad Sd/-
Date: 03.09.2019 MAZHAR PASHA
CHAIRMAN

.