Your Directors have the pleasure in presenting the 16th ANNUAL REPORT
 and that of the Auditors together with the audited Balance Sheet as at
 31st March 2011 and the Profit and Loss account for the year ended on
 that date.
 
 PERFORMANCE
 
 The financial results for the year ended 31st March 2011 are as under:
 
                                                          Rs. (In Lacs)
 
                                            31.03.2011      31.03.2010
 
 Income                                         520.72          412.99
 
 Profits before depreciation and interest       196.51          111.32
 
 Depreciation                                    10.21           10.39
 
 Interest                                         1.59            1.43
 
 Profit before Tax                              184.71           99.50
 
 Provision for taxation                          61.65           27.60
 
 Profit After Tax                               123.06           71.90
 
 Provision for Dividend                          27.50           27.50
 
 Tax on proposed Dividend                         4.67            4.67
 
 Transfer to general Reserve                       NIL             NIL
 
 Surplus carried to Balance Sheet                90.89           39.73
 
 
 AWARDS AND ACHIEVEMENTS
 
 During the year the company has been World Quality Commitment (WQC)
 award for the year 2011 by Business Initiative Directors (BID) Madrid,
 Spain.
 
 Star Performer Award given by Spice Money for Western Union Money
 Transfer Business.
 
 The company has won Fly to Switzerland Contest and Travel Dhamaka
 contest by Axis Bank.
 
 In recognition of our excellent performance during the year, Axis Bank
 has launched Prithvi Exchange – Axis Bank Co-branded (VISA) foreign
 Currency Prepaid Cards.
 
 COURSE OF BUSINESS AND OUTLOOK
 
 During the year under review, the company''s performance was good. Your
 company had achieved an income of Rs. 521 lacs as compared to Rs.413
 lacs in previous year. The profit before tax stood at Rs.184.71 lacs as
 compared to Rs.99.49 lacs in the previous year.
 
 FIXED DEPOSIT
 
 The company has not accepted any fixed deposit during the year.
 
 DIVIDEND
 
 The Directors recommend a dividend of 5% exclusive of dividend tax for
 the financial year ended 31st March 2011.
 
 DIRECTORS
 
 Mr.M.D.Vasudevan and Mr.V G Venkatadri retires by rotation and being
 eligible, offer for re-appointment.
 
 AUDITORS
 
 The auditors of the Company M/s.CHANDARANA & SANKLECHA, Chartered
 Accountants retire at the conclusion of the ensuing Annual General
 Meeting and are eligible for re-appointment.
 
 STATUTORY DISCLOSURES
 
 The Company had no employee covered by the provisions of section
 217(2A) of the Companies Act, 1956.
 
 CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS/OUTGO:
 
 Being into Forex business, Particulars with respect to Conservation of
 Energy , as required under Part a of the above rules are NIL.
 
 FOREIGN EXCHANGE EARNINGS/OUTGO:
 
 Foreign Earnings: Rs.2.14 lacs (P.Y Rs. 2.78 lacs) towards turnover
 incentive received from American Express in US dollar.
 
 Foreign outgo: Rs.5.28 lacs (P.Y Rs.5.26 lacs) towards annual seller
 fee and distribution fee paid to American Express in US dollar.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 Directors hereby declare:
 
 i) That in the preparation of the annual accounts, the applicable
 accounting standards had been followed along with proper explanation
 relating to material departures;
 
 ii) That 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 or loss of the company for that period ;
 
 iii) That the directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of this Act for safeguarding the assets of the company and
 for preventing and detecting fraud and other irregularities subject to
 the inherent limitations that should be recognized in weighing the
 assurance ;
 
 iv) That the directors had prepared the annual accounts on a going
 concern basis.
 
 HUMAN RESOURCES MANAGEMENT :
 
 Employee relations throughout the company were harmonious. The board
 wishes to place on record its sincere appreciation of the devoted
 efforts of all employees in advancing the company''s vision and strategy
 to deliver another record performance.
 
 CORPORATE GOVERNANCE:
 
 Pursuant to clause 49 of the Listing Agreement, a report of compliance
 of corporate governance as on 31/03/2011 duly certified by the auditors
 of the company is annexed (Annexure – A)
 
 ACKNOWLEDGEMENTS:
 
 Your Directors wish to place on record their sincere appreciation to
 the Governmental authorities, Company''s bankers and customers, vendors
 and investors for their continued support during the year.
 
 Your Directors are also pleased to record their appreciation for the
 dedication and contribution made by employees at all levels who through
 their competence and hard work have enabled your Company achieve good
 performance year after year and look forward to their support in the
 future as well.
 
                                       For and on behalf of the Board
 
                                                      Sd/- 
 Place: Chennai                                  P. Delichand Jain
 Date : 01/06/2011                                    Chairman