Dear Members,
 
 The Directors have pleasure in presenting the Seventeenth Annual
 Report together with the Audited Financial Statements for the year
 ended 31st March 2011.
 
 FINANCIAL HIGHLIGHTS
 
                                                      (Rs. In lacs)
 
                                               For the        For the
 
 Particulars                                  year ended    year ended
 
                                              31.03.2011    31.03.2010
 
 Total income                                   1,708.93      3,739.04
 
 Expenditure                                    3,472.77      3,495.93
 
 Interest                                       1,241.15      1,188.92
 Depreciation &
 
 Exceptional Items                              7,882.73        632.06
 
 Profit/(Loss) before tax                    (10,887.71)    (1,577.87)
 
 Provision for tax                                    -           0.52
 
 Profit after tax                            (10,887.71)    (1,578.39)
 Balance brought forward
 
 from previous year                           (1,412.73)        165.66
 
 Amount available for appropriation                                  -
 
 Balance carried over                        (12,300.44)    (1,412.73)
 
 REVIEW OF OPERATIONS AND OUTLOOK
 
 OPERATIONS
 
 The Company continues to bear the burden of few takeovers made in the
 previous years. Subsidiaries had not shown the expected results.  These
 have an adverse impact on the workings of the company.
 
 OUTLOOK
 
 The Company continues make all possible efforts to come out of the set
 back. The efforts include reduction of overheads, postponement/
 shelving of expansion programmes etc., Your Company is hoping to get
 over the crisis in the years to come.
 
 CONSOLIDATED FINANCIAL STATEMENTS
 
 In accordance with Accounting Standard AS-21 your Directors provide the
 audited Consolidated Financial Statements in the Annual Report.
 
 FIXED DEPOSITS
 
 The Company had not accepted any fixed deposits during the year.
 
 DIVIDEND
 
 In view of the loss incurred the Board does not recommend any dividend
 for the financial year ended 31st March 2011.
 
 DIRECTORS
 
 Mr Meleveettil Padmanabhan, Director will retire by rotation at the
 ensuing Annual General Meeting and being eligible he offers himself for
 re-election.
 
 Mr V Sriraman was reappointed by the Board as Wholetime Director for a
 further term of three years with effect from 18.5.2011.
 
 Brief resume of Directors, nature of expertise and names of Companies
 in which they hold directorship and membership/chairmanship in
 Board/Committees as stipulated under Clause 49 of the Listing Agreement
 with the Stock Exchanges are provided in the Annexure to the Notice
 convening the Annual General Meeting.
 
 AUDITORS
 
 The Board recommends the reappointment of M/s. Gopikumar Associates,
 Chartered Accountants, Chennai, the retiring Auditors of the Company
 who being eligible offer themselves for re-appointment.
 
 SUBSIDIARIES
 
 Quintegra Solutions Limited, UK
 
 This subsidiary has incurred a loss of GBP 17,121 for the year ended 31
 March 2011 as against the loss of GBP 20,857 for the previous year.
 
 Quintegra Solutions (M) Sdn. Bhd, Malaysia
 
 The subsidiary had posted a net profit of RM 1,794 during the financial
 year as against the loss of RM 376,206 for the previous financial year.
 
 Quintegra Solutions GmbH, Germany
 
 The subsidiary had posted a net loss of Euro 5,594 as against the net
 loss of Euro 7,028 for the previous financial year.
 
 Quintegra Solutions Ireland Limited
 
 During the year, the subsidiary had incurred a loss of Euro 1,750 as
 against the loss of Euro 8,167 for the previous year.
 
 HUMAN RESOURCES
 
 The HR had planned and systematically addressed the needs of the
 Organization with reference to the current industrial scenario. The
 Company is trying to maintain the productivity without compromising on
 employee morale or work quality. Training initiatives are aptly
 designed and executed.
 
 EMPLOYEES STOCK OPTION SCHEME Neither the Company had granted nor the
 employees had exercised any options during the current financial year.
 Disclosure as required under Clause 12 of the Securities and Exchange
 Board of India (Employee Stock Option Scheme and Employee Stock
 Purchase Scheme) Guidelines, 1999 is annexed and forms part of this
 report.
 
 MANAGEMENT DISCUSSION AND ANALYSIS REPORT
 
 A Management Discussion and Analysis Report as required under Clause 49
 of the Listing Agreement forms part of the Annual Report.
 
 CORPORATE GOVERNANCE REPORTS The Report on Corporate Governance along
 with a compliance certificate from the Auditors and a declaration
 affirming the compliance of Code of Conduct are annexed as required by
 the Listing Agreement with Stock Exchanges.
 
 CEO/CFO CERTIFICATION
 
 The Managing Director and Finance In-charge have submitted a
 certificate to the Board regarding financial statements and other
 matters as required under clause 49(V) of the Listing Agreement.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors
 to the best of their knowledge and belief confirm that:
 
 a) in the preparation of the annual accounts, the applicable accounting
 standards had been followed along with proper explanation relating to
 material departures;
 
 b) 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 that period;
 
 c) 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;
 
 d) the Directors had prepared the annual accounts on a going concern
 basis.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
 EARNINGS & OUTGO
 
 Particulars relating to conservation of energy, technology absorption,
 foreign exchange earnings and outgo pursuant to Section 217(1)(e) are
 annexed to and form part of this report.
 
 PARTICULARS OF EMPLOYEES
 
 There are no employees posted in India who are covered under Section
 217(2A) read with Companies (Particulars of Employees) Rules 1975.
 However, the particulars of employees of the Company posted and working
 outside India are not reported pursuant to the Notification G.S.R.
 212(E) dated 24 March 2004 issued by the Department of Company Affairs,
 Ministry of Finance, Government of India.
 
 ACKNOWLEDGEMENT
 
 The Board records its appreciation for the continued support and
 co-operation received from all its associates - the shareholders,
 customers, suppliers, banks and Government Departments. Our special
 thanks to State Bank of India, our bankers for their continued support
 and encouragement. The Directors also place their special appreciation
 to all the employees.
 
                                                  By order of the Board
 
 Place : Chennai                              Shankarraman Vaidyanathan
 
 Date   : 02.09.2011                       Chairman & Managing Director