To The Members,
 
 The directors are pleased to present the 27th Annual Report and the
 Audited Accounts for the financial year ended 31st March, 2012.
 
 FINANCIALRESULTS (STANDALONE)
 
                                      CURRENT YEAR    PREVIOUS YEAR
                                              2012             2011
                                      (Rs. In Lacs)    (Rs. In Lacs)
 
 Sales & Services                       18.67              26.15
 
 Other Income                            0.20               0.40
 
 Total Income                           18.87              26.55
 
 Total Expenditure                      35.34              33.61
 
 Profit / (Loss) for the period        (16.47)             (7.06)
 
 Balance Carried
 Forward                               (16.47)             (7.06)
 
 DVIDEND
 
 In view of losses, your Directors do not recommend any dividend for the
 year under review.
 
 BUSINESS OUTLOOK OFTHE COMPANY
 
 The current economic situation is extremely challenging and the
 Management is planning various business initiatives to achieve growth
 in the years to come. The availability of resources is big challenge in
 the current business scenario.  Nevertheless the Management is in
 discussion with its business associates to start the business of
 Monitoring of Patients''s Health Parameter. This area of business has a
 vast potential. Also the company is pursuing a Mobile Banking
 initiative for Rural India. There has been considerable delay in
 implementing various business due to downturn in economy and difficulty
 in availability of resources. However, the management is confident of
 commencing these initiatives in ayear or two.
 
 CORPORATE GOVERNANCEAND MANAGEMENT DISCUSSIONANALYSIS
 
 A separate report on the Corporate Governance and Management Discussion
 Analysis for the year under review, as stipulated in Clause-49 of the
 Listing Agreement with the Stock Exchanges, has been attached as part
 of this annual report.
 
 DIRECTORS
 
 Mr. R.Mohanlal, who retire by rotation and being eligible, offer
 themselves for reappointment at the ensuing Annual General Meeting.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under Section-217(2AA) of the Companies
 Act, 1956, with respect to Directors'' Responsibility Statement - is
 hereby confirmed that:
 
 1) That in the preparation of the accounts for the financial year ended
 31st March, 2012; the applicable accounting standards have been
 followed along with proper explanation relating to material departures.
 
 2) That the Directors have selected such accounting policies and
 applied them consistently and made judgements and estimates that are
 reasonable and prudent so as to give a true and fair view of the state
 of affairs of the Company at the end of the year and of the loss of the
 Company for the year under review.
 
 3) That the Directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Companies Act, 1956, for safeguarding the assets of
 the Company and for preventing and detecting fraud and other
 irregularities.
 
 4) That the Directors have prepared the accounts for the year ended
 31st hMarch, 2012, on a going concern basis.
 
 OBSERVATIONS OF AUDITORS
 
 As regards the observations of Auditors, in Item No.3(d) of their
 Report regarding amortization of technology fees, the Board wish to
 state that in view of inadequacy of profits and meltdown in business
 situation all over world, the technology fees have not been amortized
 and the same would be done as soon as adequate profits are available in
 future.
 
 As regards Item No.3(f)of their Report regarding confirmation of
 account balances of customers and suppliers, the Management has taken
 necessary steps to obtain the confirmations. Since, all the dues from
 Debtors are collectable, Hence there is no necessity of making
 provision for Bad and Doubtful debts. The Board is of the view that
 this would not have any material impact on the financial statement of
 the Company.
 
 AUDITORS
 
 The members are requested to appoint Auditors for the period from
 conclusion of the ensuing Annual General Meeting till the conclusion of
 next Annual General Meeting. M/s Vivekanandan Associates, Chartered
 Accountants retire at the ensuing Annual General Meeting and are
 eligible for reappointment.  The Audit Committee of the Board has
 recommended their reappointment.  M/s Vivekanandan Associates have
 furnished the Certificate of their eligibility for reappointment under
 Section-224(1) of the Companies Act, 1956. The requisite resolution is
 being placed for the shareholders'' approval.
 
 DEPOSITS
 
 During the year under review, the Company has not accepted any fixed
 deposits from the public.
 
 PERSONNEL
 
 None of the employees of the was in receipt of remuneration in excess
 of the limits specified in Section-217(2A) of the Companies Act, 1956,
 read with the Companies (Particulars of Employees) Rules, 1975, as
 amended.
 
 ACKNOWLEDGEMENT
 
 Your Directors would like to take this opportunity to express sincere
 gratitude for the assistance and co-operation from the employees,
 Bankers, Customers, Vendors and Shareholders during the year under
 review.
 
 ANNEXURE TO DIRECTORS'' REPORT
 
 INFORMATION AS REQUIRED UNDER SECTION 217(1)(e) OF THE COMPANIES ACT,
 1956, READ WITH COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF
 BOARD OF DIRECTORS) RULES, 1988
 
 A.  CONSERVATION OF ENERGY
 
 The activities of the Company require minimal consumption of energy and
 every effort has been made to ensure the optimal use of energy. All
 possible measures have been taken to conserve energy.
 
 B.  TECHNICALABSORPTION
 
 The Company has developed expertise for technology required for its
 business and the same has been fully absorbed.
 
 C.  DETAILS OF POWERAND FUELCONSUMPTION
 
 Not applicable due to nature of business
 
 D.  FOREIGN EXCHANGE EARNINGSAND OUTGO
 
 Foreign Exchange earnings NIL
 
 Foreign Exchange outgo NIL
 
 Place: Chennai           For and on behalf of the Board of Directors
 
 Date: 24th May, 2012
 
                                         MICHAEL ARUL
                                          CHAIRMAN