ERP Soft Systems Ltd Management Discussions.
Software and computing technology is transforming businesses in every industry around the world. The management pursue huge growth in cloud, analytical and engineering IT Services and ERP Soft will be able to take advantage of this trend.
We believe our strengths give us the competitive advantage to solve the strategicchallenges of business
Rs. in lakhs
Presently the outlook is very promising. Our success depends largely upon our highly-skilled technology professionals and our ability to hire, attract, motivate, retain and train these personnel. Our revenues are highly dependent on clients primarily located in the United States. New and changing corporate governance and public disclosure requirements add uncertainty to our compliance policies and increase our costs of compliance.
The system of internal control has been established to provide reasonable assurance of safeguarding assets and maintenance of proper Accounting Records and its accuracy. The business risks and its control procedures are reviewed frequently. Systems audit is also conducted regularly to review the systems with respect to Security and its Adequacy. Reports are prepared and circulated to Senior Management and action taken to strengthen controls where necessary
Refer to the Boards report for the summary of the financial performance
Our employees are our most important assets. We believe that the quality and level of service that our professionals deliver. As at March 31, 2019, the company employed 11 employees, of which9 were professionals involved in service delivery to the clients, including trainees. The key aspects of our HR practice include recruitment, training and development, and compensation.
The Company has not carried out any treatment different from that prescribed in Accounting Standards.
Debtors turnover : 1.82 times
Current ratio: 0.73 times
Debt Equity: (0.02) times
Operating Profit Margin: (4.78) times
Net Profit Margin: 0.05 times
Details of any change in return on net worth as compared to the immediately previous financial year along with a detailed explanation thereof: There is 0.68% change on return on net worth as compared to the immediately previous financial year.