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Netripples Software Ltd.

BSE: 542117 Sector: IT
NSE: N.A. ISIN Code: INE478B01018
BSE 13:30 | 18 Oct 9.49 -0.49
(-4.91%)
OPEN

9.49

HIGH

9.49

LOW

9.49

NSE 05:30 | 01 Jan Netripples Software Ltd
OPEN 9.49
PREVIOUS CLOSE 9.98
VOLUME 16
52-Week high 11.68
52-Week low 3.75
P/E
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 9.49
Sell Qty 1296.00
OPEN 9.49
CLOSE 9.98
VOLUME 16
52-Week high 11.68
52-Week low 3.75
P/E
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 9.49
Sell Qty 1296.00

Netripples Software Ltd. (NETRIPPLESSOFT) - Director Report

Company director report

To the members

Your Directors have the pleasure in presenting the 27th Annual Report on the businessand operations of your company with audited accounts for the year ended 31st March 2020.

Sustained Operations:

Your directors are pleased to present this year operation results At the outset itwas an eventful year with sustaining the operations irrespective of the Covid-19( Corona)Pandemic creating a major business obstacles across the world leading to internationalbusiness taking a major slide and further the non -availability of manpower atinternational sites and most of them with Work- from-Home Situation and similarly thecustomers and clients availability for completing the project milestones deliveries wereeffected. This led to austerity measures initiated across the Company towards reducing thecost of operations marketing reduced expenditure on Travelling and as well Marketing andBusiness Development efforts. We continue our growth trend with meeting the expenditurewithout any loss with minor profits this year with a gross turnover crossing INR140000520/- mark and the net operational profits will be Rs 98499/-

We have close to 36 products ready and Software Products and services which are beingmarketed by Amazon.in Amazon.com Amazon.ca Flipkart Snapdeal Shopclues and otherprominent online stores. These are copyrighted and now available with copyright valid in155 countries and other parts of the world. The revenue generation system has beenimproved from The Medical and Hospital suite of Applications where in Complimenting theDigital Growth in India we have setup an online Store www.netripples.com where is asfirst time a health care product is available online for instant download easyself-installed with installation guide and guarantees life time license with 12 monthswarranty online.

Your company will be the first company in the world to offer Health care softwareproducts online directly downloadable from any country and paid online with paymentgateway 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 segment we planto explore further by adding lot of new products in the Webstore to cater to healthcaresegment will continue to explore the possibilities of entering into new markets. We willalso explore to add more channel partners worldwide including major cities in India.

DIRECTORS' RESPONSIBILITY STATEMENT:

Your Directors wish to confirm that:

i. in the preparation of annual accounts for the year ended 31st March 2020 theapplicable accounting standards read with requirements set out under Schedule III to theAct 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 2020 and of the profit of thecompany 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 prepared on agoing-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 2020. 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 and 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 2019-2020 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: 02.09.2020 MAZHAR PASHA
CHAIRMAN

.