Dear Shareholders,
 
 We have pleasure in presenting the Sixteenth Annual Report together
 with the Audited Accounts for the year ended March 31, 2011.
 
 GROWTH OF THE COMPANY:
 
 During the Year 2010-11, Numeric Power, with a commitment to achieve a
 sustainable growth, strived hard and marched successfully through the
 tough market conditions to put the Company on top of all the Indian UPS
 Companies for another year in succession. Our Company achieved a growth
 of 10.55% over the previous financial year on sales and other income,
 while the PAT is Rs.4,021.90 lakhs representing a growth of 9.33%. The
 EPS for the Financial Year 2010-11 is Rs.39.80.
 
 Financial Results:
 
 The Abridged stand-alone financial results are as under:- 
                                                          (Rs. in Lakhs)
 
 Sl.No.    Particulars            for the year 
                     		ended 31/3/2011      for the year ended
                                                               31/3/2010
 
 
 1    SALES/INCOME FROM 
 	OPERATIONS                   51,037.97               45,751.92
 
 2    OTHER INCOME                       401.10                  776.36
 
 
 3    SALES AND OTHER INCOME (1 2)    51,439.07               46,528.28
 
 
 4    LESS: TAXES AND DUTIES           2,538.06                1,969.12
 
 
 5    NET SALES AND OTHER INCOME 
 	(3-4)                        48,901.01               44,559.16
 
 
 6    OPERATING EXPENDITURE           42,954.59               38,831.71
 
 
 7    PROFIT BEFORE DEPRECIATION, 
 	INTEREST&TAX (5-6)            5,946.42                5,727.45
 
 
 8    INTEREST                           374.93                  338.95
  
 
 9    DEPRECIATION                       489.74                  474.42
 
 
 10   PROFIT BEFORE TAX (7-8-9)        5,081.75                4,914.08
 
 
 11   TAX EXPENSE                      1,059.85                1,235.45
 
 
 12   PROFIT AFTER TAX (10-11)         4,021.90                3,678.63
 
 
 13   TRANSFER TO GENERAL RESERVE        402.19                  367.86
 
 
 14   PROPOSED FINAL DIVIDEND            303.18                  303.18
 
 
 15   TAX ON DIVIDEND                     49.18                   50.35
 
 
 16   BALANCE CARRIED FORWARD 
 	(12-13-14-15)                 3,267.35                2,957.24
 
 
 17   EQUITY CAPITAL                   1,010.58                1,010.58
 
 
 18   RESERVES AND SURPLUS            23,053.80               19,384.26
 
 
 19   EPS (Rs.)                           39.80                   36.40
 
 
 
 DIVIDEND
 
 The Board of Directors have pleasure in recommending a Dividend of Rs.
 3/- per equity share of Rs.10/- each (@ 30 % on the equity share 
 capital of the Company), free of tax in the hands of the shareholders,
 for the year ended 31st March 2011, subject to approval of the 
 shareholders.
 
 MANUFACTURING FACILITIES & OFFICE DETAILS IN INDIA: We list below our
 existing production facilities.
 
 UNIT - I - ELECTRONIC HARDWARE TECHNOLOGY PARK - EHTP: A 100% EOU
 registered under the STPI for exports – located in Chennai. The CE mark
 & UL approved power products are exported to several countries.
 
 UNIT - II - UPS PLANT AT PUDUCHERRY: Equipped with modern assembly
 systems and conveyor line, this plant deals with Design, Manufacture,
 Sales & Service of NUMERIC brand of UPS systems and it also caters to a
 wider range of HPL series.
 
 UNIT III - S - UPS PLANT WITH INTEGRATED CNC SHEET METAL FABRICATION &
 MAGNETICS AT IDAPPADI, SALEM: This state-of-the-art new plant was built
 during the FY 2007-08 and has been equipped for a high range of UPS
 production. This unit also supports the RURAL employment to address the
 PURA (Providing Urban Resources in Rural Areas) scheme launched by our
 Past President of India Dr. A.P.J. Abdul Kalam.
 
 UNIT – IV- UPS PLANT AT PUDUCHERRY: Supplies the NUMERIC Digital HPE
 range of UPS systems.
 
 UNIT – V – UPS PLANT AT HIMACHAL PRADESH – PARWANOO – This unit stands
 closed and we have adapted higher technological products for a better
 market reach.
 
 UNIT – VI- UPS PLANT AT HIMACHAL PRADESH – PARWANOO This plant with
 integrated CNC fabrication facility caters to Mid range UPS
 requirements.
 
 CNC FABRICATION PLANT- CHENNAI – OLD MAHABALIPURAM ROAD: This
 modernized Sheet metal process plant has two Fabrication process lines
 with a fully Automated Powder Coating facility. Expansion of
 fabrication plant was undertaken to accommodate 3 Phase UPS assembly
 (HIGH ENERGY DIVISION) at our existing plant.
 
 TRANSFORMERS AND STABILISERS MANUFACTURING PLANT- CHENNAI – 122/1 OLD
 MAHABALIPURAM ROAD: The Stabilisers and Power Conditioning accessories
 are manufactured in this plant and this unit supports NUMERIC as a
 total Power Conditioning Systems Company in India.
 
 SALES & SERVICE LOCATIONS:
 
 The Company, fully understanding the fact that successful sale of any
 product anywhere in the globe depends upon total Customer satisfaction
 which can only be achieved by addressing the Customers'' requirement in
 the form of Post-Sale service through Customer Service Outlets which
 are in close proximity to the Customers, the Company has established a
 strong network of 255 Service Centres on Pan-India basis. Once again
 NUMERIC is the First and the only Company with such a strong and large
 net work, with presence close to Customers which gives an added
 advantage of reducing the lead-time in attending to the Customers''
 needs.
 
 EXTERNAL GROWTH:
 
 1.  Numeric Lanka Technologies Pvt. Ltd. - Colombo – Sri Lanka
 
 2.  Numeric Power Systems Pvt. Ltd – Singapore
 
 3.  Numeric Power Systems (Mauritius) Private Limited – Mauritius
 
 NUMERIC RANKED - INDIA''S No.1 ON–LINE UPS COMPANY & POWER ELECTRONICS
 MANUFACTURER
 
 It is our great pleasure to share with all our Investors that our
 company – NUMERIC has been ranked as NUMERO-UNO Online UPS
 Manufacturer, Power Electronic company of the year for the 18th year -
 all in a row. Apart from the above, SOFTDISK(SD) has also awarded us
 the No.1 Office / Line Interactive UPS manufacturer for the year 2010.
 The journals from the Association of Computer Professionals in India -
 SOFTDISK made a qualitative research on all India basis and publish the
 data every year.
 
 AWARDS WON
 
 1. SOFT DISK – SD AWARDS 2010
 
 - No.1 On-Line UPS Manufacturer (18th Consecutive Year)
 
 - No.1 Power Electronics Company of the Year (18th Consecutive Year)
 
 - No.1 Off-Line / Line-interactive UPS Manufacturer of the year (5th
 consecutive Year)
 
 - A   Soft Disk rating for USER SATISFACTION SURVEY - 2010
 
 2. FROST & SULLIVAN -2005 INDIAN UPS INDUSTRY AWARDS
 
 - MARKET LEADERSHIP AWARD
 
 3. FROST & SULLIVAN -2004 INDIAN UPS INDUSTRY AWARDS
 
 - CUSTOMER SERVICE LEADERSHIP -MANUFACTURING SEGMENT
 
 - PRODUCT LINE LEADERSHIP – BANKING, INSURANCE AND N.B.F.I SEGMENT
 
 4. INTERNATIONAL FACILITY MANAGEMENT ASSOCIATION (IFMA) AWARD FOR
 EXCELLENCE SURVEY 2004
 
 - BEST SERVICE PROVIDER, Category: M & E Suppliers
 
 5. Awards from NCR, DELL, WIPRO & INFOSYS
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 The Directors hereby report under Section 217 (2AA) of the Companies
 Act, 1956, that:- 
 
 (i) In the preparation of the annual accounts, the applicable
 accounting standards had been followed along with proper explanation
 relating to material departures;
 
 (ii) The directors had selected such accounting policies and applied
 them consistently and made judgments 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 financial year and of the profit of 
 the company for the year;
 
 (iii) The directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Act for safeguarding the assets of the Company and
 for preventing and detecting fraud and other irregularities;
 
 and
 
 (iv) The directors have prepared the annual accounts on a going concern
 basis.
 
 DIRECTORS REAPPOINTMENT
 
 Mr. V.M. Sivasubramaniam and Mr. R. Venkataraghavan, Directors retire
 by rotation and being eligible, offer themselves for reappointment at
 the ensuing Annual General Meeting.
 
 The resolutions in respect of the above reappointments are placed
 before the shareholders for their approval at the ensuing Annual
 General Meeting.
 
 STATUTORY INFORMATION
 
 The information required under Section 217(2A) of the Companies Act,
 1956 read with Companies (Particulars of Employees) Rules, 1975 will be
 provided on request. In terms of Section 219(1)(b)(iv) of the Act, the
 Report and Accounts are being sent to the shareholders.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS / OUTGO
 
 Particulars as required under Section 217(1)(e) of the Companies Act,
 1956 read with the Companies (Disclosure of Particulars in the Report
 of the Board of Directors) Rules, are annexed.
 
 ACQUISITION OF AMEX ALLOYS PRIVATE LIMITED (AMEX)
 
 This Company is situated in Coimbatore and its main activity is Steel
 Foundry business. This company has an installed capacity of 2400 MT per
 year to supply stainless steel and low carbon steel castings. In
 support of the diversification program, our Company has acquired 92% of
 the equity of this Company during the year under report. This
 subsidiary has achieved a sales turnover (Gross) of Rs.19.68 Crores
 during the Financial Year 2010-11. Amex exports steel castings to all
 major European customers, mostly in Germany and some key customers in
 the US. Amex has drawn a road map to grow the business rapidly.
 
 CLOSURE OF SOUTH AFRICAN OPERATIONS
 
 Numeric Power Systems (Pty) Limited has closed its operations in South
 Africa and have applied for de-registration formalities with the
 appropriate authorities during the year under review. The quantum of
 sales in South Africa is now co-ordinate by the Company''s unit at
 Singapore and Africa''s business is handled by established distributors
 to address the vast geography.
 
 EXPLANATORY NOTE ON QUALIFICATION UNDER SECTION 217(3) OF THE COMPANIES
 ACT, 1956
 
 The audited financial statements of the subsidiary company namely,
 Numeric Power Systems Pvt. Limited, Singapore, for the year ended March
 31, 2011, will form part of the Annual Report.
 
 CORPORATE GOVERNANCE
 
 A report on Corporate Governance as stipulated under Clause 49 of the
 Listing Agreement is attached to this Report.
 
 A Compliance Certificate from Mr. R. Kannan, Practicing Company
 Secretary, regarding compliance of conditions of Corporate Governance
 as stipulated under the aforesaid Clause, is annexed to this report.
 
 RESULTS OF SUBSIDIARY COMPANIES
 
 Information relating to the following subsidiary companies for the year
 ended March 31, 2011 are attached to this Report.
 
 S.No.  Name of Subsidiary Company            Place of Incorporation
 
 1.  Numeric Lanka Technologies Pvt. 
     Limited                                  Colombo, Sri Lanka
 
 2.  Numeric Power Systems Pvt. Limited       Singapore
 
 3.  Numeric Power Systems (Mauritius) 
     Private Ltd                              Mauritius
 
 4.  Numeric Power Systems (Pty) Limited      South Africa
 
 5.  Numeric Solar Energy Private Limited     Chennai, India
 
 6.  Amex Alloys Private Limited              Coimbatore, India
 
 
 CONSOLIDATED FINANCIAL STATEMENTS
 
 In accordance with the Accounting Standard AS-21 on Consolidated
 Financial Statements read with Accounting Standard AS-23 on Accounting
 for investments in Associates in consolidated financial statements and
 AS-27 on Financial Reporting of interests in Joint Ventures, we have
 attached the consolidated financial statements which form part of the
 Annual Report and Accounts.
 
 AUDITORS
 
 M/s. S.R. Batliboi & Associates, Chartered Accountants, TPL House,
 Second Floor, 3, Cenotaph Road, Chennai – 600 018 retire at the ensuing
 Annual General Meeting, and are eligible for reappointment.
 
 ACKNOWLEDGMENT
 
 Your Board places on record its appreciation for the support and
 co-operation received from the Government of India, State Governments,
 Financial Institutions, Banks, Suppliers, Customers and Vendors, whom
 your company looks upon as valued partners in progress. Your Directors
 commend the zeal and zest of employees at all levels culminating in the
 Company setting yet another new record on its operational performance
 for the year. Your Directors thank all our valuable investors who have
 been with the Company all these years and are also very much pleased to
 welcome all the new Investors and thank them for their continued
 patronage and confidence reposed in the Management.
 
 For and on behalf of the Board of Directors
 
 A.BALAN                  R.CHELLAPPAN
 
 Director                 Managing Director
 
 Chennai
 
 May 30, 2011