Dear Fellow Shareholders,
 
 On behalf of the Board, I am pleased to present the 15th Annual Report
 of the Company. The FY 2010-11 has been the best year for your Company
 Here are some facts :
 
 Turnover grew by 23% to Rs. 8798 million.
 
 Profit Before Tax (PBT) increased by 156% to Rs. 149 million.
 
 Profit After Tax (PAT) increased by 173% to Rs. 102 million.
 
 Earnings Per Share (EPS) increased by 172% to Rs. 2.89.
 
 This landmark performance was a result of smart rebound of the Indian
 economy. During 2010-11, the Indian economy has performed well with
 attractive growth rates. But the years ahead could, however, be
 challenging as the government endeavors to curb inflationary growth.
 
 During the year under review the Company maintained the cordial
 relation with all channel partners and there were no operational
 disturbances faced and thus the Company conducted the business
 smoothly.
 
 Our goal is to continue to enhance the customers'' satisfaction and
 stakeholders'' value by following the best practices of Corporate
 Governance.
 
 I am grateful to the Board of Directors for their unwavering support
 and guidance. I also take this opportunity to thank you for your
 continued support and look forward to the same in the future.
 
 With warm regards
 
 
 Vimal Kumar Patni
 Chairman