FINANCIAL RESULT :

                                       For the Year ended

                                       31.03.2010     31.03.2009

Income                                 48510900       46211110

Expenditure                            48394814       46131720

Profit Before Tax                      116086         79390

Provision for tax                      0              0

Profit After Tax                       116086         79390

BONUS SHARES :

Your company has not issued any bonus shares during this financial year.

PRODUCTS

Your company products include "Sci-tech", a suit of mechanical design software with auto drafting facility, "My Business", a comprehensive accounting mini - erp package, "My Home" a home management software, "Buoyant - Biz", a web based ERP product and Process Audit Software.

AUDIT & SYSTEMS

As a Key element in the Corporate Governance Process, internal control continues to receive senior management attention. The Audit Committee of the board closely monitors the control systems within the Company, especially policy as well as compliance with statutory requirements.

HUMAN RESOURCE DEVELOPMENT

The Board wishes to place on record the appreciation of the contribution made by the employees in ensuring high level of performance. Company has endeavored to enhance skills of the employees to take the challenges of changing scenario

RESEARCH & DEVELPOMENT

Constant R & D in changing scenario has become essential & your company is on constant attempts to R & D in the field of service area and exploring new markets.

FIXED DEPOSITS

Your company has not accepted any fixed deposits during the year ended under review.

DIRECTORS

Mr. Arvind Sonawani retires by rotation and being eligible offers himself for reappointment. The Board recommends his appointment.

AUDITORS

Ms K. Sampath, the Companys auditors retire at the conclusion of the forthcoming annual general meeting and being eligible have offered themselves for re-appointment.

CORPORATE GOVERNANCE

Pursuant to Clause 49 of the Listing Agreement, Report on Corporate Governance and Auditors Certificate regarding compliance of conditions of Corporate Governance are made part of the Annual Report.

PARTICULARS OF EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed under section 217 (2A) of the Companies Act, 1956 read with Companies (Particular of employees) Amendment Rule, 1999.

ENERGY CONSERVATION

INFORMATION U/S 217(1)( C ) Conservation of Energy, Technology Absorption. foreign exchange earnings and outgo.

The afore stated provisions does not apply to your company. The company does not have any technical collaboration.

DIRECTORS RESPONSIBILITY STATEMENT

The Directors Confirm:

1. The preparation of annual accounts, the applicable accounting standards have been followed, along with proper explanation relating to material departures.

2. That they have 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 the company at the end of financial year and of the profit & loss of the Company for period;

3. That they have taken proper and sufficient care for the maintenance of adequate accounting the assets of the Company and for preventing and detecting fraud and other irregularities and;

4. That they have prepared the annual accounts on going concern basis.

ACKNOWEDGEMENTS

The directors acknowledge support received from various government department, financial institutions, shareholders, business alliance partners and employees which have contributed towards the progress of the company

On & behalf of Board of Directors,

Mr. Sanjay Sonawani                           Place: Pune

Director                                      Date: 01.08.2010