Integra Telecommunication & Software Ltd Management Discussions.

Management Discussion and Anaysis Report (MD&A) provide the readers a greater understanding of the Companys business, the Companys business strategy, performance, the Companys expectations of the future, and how the company manages risk and capital resources under ongoing/ upcoming economic & industrial conditions. Any forward looking statements made in this Report, are based on certain assumptions and future events. The company does not undertake to make any announcements in case of any of these forward looking statements become materially incorrect in future or any update made therein.

1. OPERATING RESULTS OF THECOMPANY

The Company is engaged in the business of Computer hardware and software as per the customer specification. The Company is public limited company incorporated and domicile in India having registered office at Delhi. The Company is listed at Bombay Stock Exchange.

Particulars Year ended Year ended
31.03.2019 31.03.2018
Income (Gross) 4,10,000 2,38,280
Expenditure 11,85,094 1,009,245
Profit/(Loss) before Exceptional and extraordinary (7,75,094) (7,70,965)
Items and tax
Less:- Tax Expense
- Current Tax/Mat - -
- Deferred Tax Adjustment-Cr/Dr) - -
- -
- Tax Adjustments for Earlier Year
Profit after Tax (7,75,094) (7,70,965)

2. INDUSTRY STRUCTURE AND DEVELOPMENT

As the IT industry ha played a key role in the countrys progress over the years and the situation is likely to gain momentum in the times ahead. This industry continues to hold a dominant position in countrys economic structure because of its huge contribution towards employment generation, industrial output and export earnings and meet out the basic need of people at large. As the economy of India is expected to grow with reasonable pace, each and every Sector of the Industry will be growing including IT, Software and Telecom Sector.

3. OUTLOOK, OPPORTUNITIES AND THREATS

With the continues technological advancements in economy, particularly in IT sector, there will be enormous business opportunities for your company, but due to lack of working capital and no orders in hand, the outlook in the current year does not seems bright.

4. RISK AND CONCERNS

No industry is free from normal business risk, concern, uncontrollable and unfavorable changes.

IT Industry continues to face stiff competition, which is growing among software developers and manufacturers of computer software. There is competitive pressure on sales and margins are lowering year by year. The performance of the company is further dependent on the performance of the economy environment, pricing pressure, competitive position of IT Industry.

Risk can come from uncertainties in financial markets, legal liabilities, credit risk, accidents, natural causes and disasters. Your company has adopted appropriate procedure and policies to safeguard it against such type of risks and uncertainty.

5. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company is maintaining an efficient and effective system of Internal control for facilitation of speedy and accurate compilation of financial statements. As part of the internal control systems, a comprehensive and well documented system of internal audit was reviewed by the Audit committee of Directors of your company, which commensurate with the size and nature of its business.

The Companys Internal control system aims to ensure that

All statutory requirements are duly complied.

All transactions are authorized, recorded and reported properly.

The instructions and directional guidelines fixed by Executive Management or the Management Board are applied.

The instructions and directional guidelines fixed by Executive Management or the Management Board are applied.

The Companys internal processes are functioning correctly, particularly those implicating the security of its assets.

All Accounting records and Financial information are reliable, and generally, contributes to the control over its activities, to the efficiency of its operations and to the efficient utilization of its resources.

6. MATERIAL DEVELOPMENT IN HUMAN RESOURCES/ INDUSTRIAL RELATION

Human resource continues to be backbone of your company. The Company lays strong emphasis on attracting and retaining the best talent including their training and skill development. HR policies of your company are being aligned with the current trends in the market.

7. PROHIBITION OF INSIDER TRADING

The Company has implemented a policy of prohibiting Insider trading in conformity with applicable regulations of the Securities Exchange Board of India (SEBI). Necessary procedures have been laid down for prohibition of Insider Trading.

By order of the Board
For Integra Telecommunication and Software
Limited
SD/- SD/-
Jeet Shah Rajen Ramaswamy Narayan Iyer
Director and CFO Managing Director
DIN: 03498884 DIN: 03045662
Address: 501/502, Address: 1304, Spring Hill,
Carlye Bldg Hiranandani, Estate Patlipada
Raheja Gardens, L.B.S G.B Road, Thane West-400607
Place: Delhi Marg,
Date:28/08/2019 Thane-400604