The Directors present the 17th Annual Report and the audited accounts
 of your Company for the year ended 31st March 2012.
 
 Financial Highlights
 
                                                          (Rs. in lakhs)
 
 Particulars                            For the
                                        year ended        For the 
                                                          year ended 
                                        31st March 2012   31st March 2011
 
 Revenue from Operations                   3,716.86           3,340.65
 
 Other Income                                  0.44              19.65
 
 Total Revenue                             3,717.30           3,360.30
 
 Profit Before Depreciation, 
 Interest & Tax                              736.05           1,014.21
 
 Finance Cost                                141.53              54.92
 
 Depreciation and Amortisation               701.84             594.71
 
 Exceptional Items                            14.83              35.00
 
 Profit before Tax                          (122.16)            329.59
 
 Provision for Tax                           (49.20)           (144.73)
 
 Profit/ (loss) for the Year                 (72.96)            474.32 
 
 Earnings Per Share (Equity
 shares, par value Rs. 10/-each)
 
 Basic/Diluted (Rs. per share)                (0.65)              4.21
 
 Performance
 
 The Management Discussion and Analysis forms part of the Annual Report.
 
 Directors
 
 Based on the requisitions received from a majority of shareholders
 holding more than 51% of the equity shares, Mr. Ram N Agarwal was
 appointed as Additional Director of the company with effect from 12th
 November, 2011 subject to the confirmation by members at the General
 Meeting.
 
 Directors'' Responsibility Statement
 
 Pursuant to the requirement under Section 217 (2AA) of the Companies
 Act, 1956 with respect to the Directors'' Responsibility Statement, it
 is hereby confirmed that:
 
 (a) In the preparation of the annual accounts for the financial year
 ended 31st March 2012, the applicable accounting standards have been
 followed along with proper examination relating to material departures;
 
 (b) The Directors have selected such accounting policies and applied
 them consistently except where otherwise stated in the notes on
 accounts and made judgments and estimates that were 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 loss of the
 company for the year under review;
 
 (c) The Directors have 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 have prepared the accounts for the financial year
 ended 31st March 2012 on a ''Going Concern'' basis.
 
 Dividend
 
 In view of the accumulated losses and to conserve the retained earnings
 to enable the company in its growth path, your Board of Directors do
 not recommend payment of dividend.
 
 Corporate Governance
 
 Your company adheres to all the Corporate Governance Code as prescribed
 by the Stock Exchanges and Securities and Exchange Board of India
 (SEBI). A detailed report on Corporate Governance is provided in this
 Annual Report.  The Auditor''s Certificate on compliance with the
 standards also forms part of this Annual Report.
 
 Depository System
 
 Equity shares of your company are compulsorily tradable in
 dematerialized form. Your company has signed agreements with National
 Securities Depository Limited and Central Depository Services (India)
 Limited for dematerialization of its equity shares.
 
 Retirement Of Directors
 
 As per the provisions of the Companies Act, 1956 three sitting
 Directors out of eight are required to retire by rotation.
 Accordingly, Mr. H V Gowthama, Mr. B R Ganesh and Mr. H K Nanjunda
 Swamy are due to retire by rotation.
 
 Mr. H V Gowthama and Mr. B R Ganesh, being eligible for reappointment,
 offer themselves to be the Directors of the company. In view of their
 valuable contribution, your Board recommends their reappointment. Mr. H
 K Nanjunda Swamy has expressed his unwillingness to continue as a
 Director of the company. The Board places on record its appreciation
 for the services rendered during his tenure as a Director.
 
 Public Deposits
 
 Your Company has not accepted any deposits from the public during the
 year under review.
 
 Research & Development
 
 Since your company is mainly a solution provider, your company has not
 so far invested in Research and Development. However, your Board is
 considering of setting up of an in-house research and innovation team
 to help the growth of the business in the years to come.
 
 Subsidiary Company
 
 As on 31st March 2012, company has no subsidiary. Hence requirement of
 reporting the statement pursuant to Section 212 of the Companies Act,
 1956 and other statutory financial statements of a subsidiary does not
 arise.
 
 Employee Stock Option Plan
 
 During the year the company has not granted any ESOP.  There is an ESOP
 Scheme 2011, available with the company approved by the members at the
 16th General Meeting held on 27th September 2011.
 
 Auditors
 
 M/s N M Raiji & Co., Mumbai are the Statutory Auditors of the Company,
 who are eligible and seek to be reappointed as Statutory Auditors for
 the year 2012-13. Suitable resolution is proposed in the notice sent to
 shareholders for the 17th Annual General Meeting.
 
 Personnel
 
 There are no employees drawing remuneration in excess of limits
 specified in Section 217 (2A) of the Companies Act, 1956, read with
 Companies (Particulars of Employees) Rules, 1975 as amended.
 
 Human Resources
 
 Your Directors take this opportunity to record their appreciation for
 the contribution of all employees of your company during the year.
 
 Acquisitions
 
 Your Company entered in to a Scheme of Arrangement u/s 391 to 394 of
 the Companies Act 1956, with M/s. WeP Peripherals Limited whereby the
 Printer Business is proposed to be demerged into the Company w.e.f.
 April 1, 2012 by way of issue of equity shares of the Company. The
 Scheme has been approved by the Shareholders and the Creditors of the
 Company and approval is pending with the Hon''ble High Court of
 Karnataka.
 
 Conservation of Energy, Technology Absorption and Foreign Exchange
 Earnings / Outgo
 
 The particulars as prescribed 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 are given in the Annexure to this
 report.
 
 Acknowledgments
 
 Your Directors take this opportunity to thank all the shareholders,
 investors, vendors, customers, banks and the government / statutory
 authorities for their support. Your Directors wish to place on record
 their appreciation for the commitment and significant contribution made
 by the employees.
 
 For and on Behalf of the Board of Directors
 
 G H VISWESWARA WHOLE TIME DIRECTOR
 
 Bangalore
 
 Date: 11th August 2012