Notes to Accounts of CCL International Ltd.

Mar 31, 2024

9. Provisions, contingent assets and contingent liabilities

A provision is recognized when:

> the Company has a present obligation as a result of a past event;

> it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and

> a reliable estimate can be made of the amount of the obligation.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made.

10. Foreign Currency Transaction

Foreign currency transactions are recorded at the exchange rates prevailing on the date of the transactions. Exchange differences arising on foreign currency transactions are recognized as income or as expenses and accordingly debited or credited to profit and loss account.

11. Retirement and other Employees'' Benefits

Provident Fund : Provision of Provident Fund is not applicable to the company.

Gratuity: No provision for gratuity has been made as there is no amount due towards.

12. Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders (after deducting attributable taxes) by the weighted average number of equity shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

13. Taxation

a. Current Tax:

Provision for Current tax is made based on the liability computed in accordance with the relevant tax rates and provisions of Income Tax Act, 1961 as at the balance sheet date and any adjustments to taxes in respect of the previous years, penalties if any related to income tax are included in the current tax expense.

b. Deferred Tax

Deferred income tax assets and liabilities are recognized for temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax base using the tax rates that are expected to apply in the period in which the deferred tax asset or liability is expected to settle, based on the laws that have been enacted or substantively enacted by the end of reporting period.

c. Minimum Alternative Tax (MAT)

MAT credit is recognized as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. In the year in which the MAT credit becomes eligible to be recognized as an asset in accordance with the recommendations contained in Guidance Note issued by the Institute of Chartered Accountants of India, the said asset is created by way of a credit to the statement of profit and loss and shown as MAT Credit Entitlement. The company reviews the same at each

balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

14. Borrowing Cost

Borrowing cost that is directly attributable to the acquisition or construction of a qualifying asset are considered as part of the cost of the asset. All other borrowing costs are treated as period cost and charged to the statement of profit and loss in the year in which incurred.

15. Significant management judgment in applying accounting policies and estimation of uncertainty

a. Significant management judgments

When preparing the financial statements, management undertakes a number of judgments, estimates and assumptions about the recognition and measurement of assets, liabilities, income and expenses. The following are significant management judgments in applying the accounting policies of the Company that have the most significant effect on the financial statements.

i) Revenue

The Company recognises revenue using the percentage of completion method. This requires estimation of the projected revenues, projected profits, projected costs, cost to completion and the foreseeable losses. These are reviewed periodically by the management and any effect of changes in estimates is recognized in the period in which such changes are determined.

ii) Recognition of deferred tax assets

The extent to which deferred tax assets can be recognized is based on an assessment of the probability of the Company''s future taxable income against which the deferred tax assets can be utilized otherwise the deferred tax is not recognized.

b. Estimation of uncertainty

i) Recoverability of advances/receivables

At each balance sheet date, based on historical default rates observed over expected life, the management assesses the expected credit loss on outstanding receivables and advances.

ii) Provisions

At each balance sheet date on the basis of management judgment, changes in facts and legal aspects, the Company assesses the requirement of provisions against the outstanding warranties and guarantees. However the actual future outcome may be different from this judgment.

16. Cash and Cash Equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term deposits with an original maturity of three months or less, that are readily convertible to a known amount of cash and subject to insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash at banks and on hand and short term deposits, as defined above net of outstanding bank overdrafts as they are considered an integral part of the Company''s cash management.

Note 38: Financial Risk Management

The Company’s business activities expose it to a variety of financial risks, namely liquidity risk, market risks and credit risk. The Company''s senior management has overall responsibility for the establishment and oversight of the Company''s risk management framework. The Company’s risk management assessment and policies and processes are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Board of Directors and the Audit Committee is responsible for overseeing the Company’s risk assessment and management policies and processes.

A. Management of Credit Risks

Credit risks is the risks of financial loss to the company if a customer or counterparty to a financial instruments fails to meet its contractual obiligations, and arises principally from the Company''s receivable from clients/customers.

Credit risk on trade receivable, is limited as the customers of the company mainly consists of the Government promoted entities having a strong credit worthiness.

B. Management of Liquidity Risk:

Liquidity risk is the risk that the company will encounter difficulty in meeting the obilgations associated with its financial liabilities that are settled by delivering cash or another financial assets. The company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amount are gross and undiscounted, and include contractual interest payments and exclude the impacts of netting agreements.

C. Management of Market risks

Market risks is the risk that changes in market prices- such as foreign exchange rates, interest rates and price risk-will affect the Company''s income or the Value of its holdings of financial instruments. The objective of market isk management is to manage and control market risk exposures within acceptable parameters, while optimsing the return.

i. Foreign Currency Risk

Foreign Currency Risk is the risk that fair value or future cash flow of financial instrument will fluctuate because of changes in foreign exchange rate.

The company is not exposed to foreign currency risk as it has no borrowing in foreign currency.

ii. Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of financial instruments will fluctutate because of changes in market interest rates. Since the company has insignificant variable interest bearing borrowing, the exposure to the risk of changes in the market rates are minimal.

iii. Price Risk

Price Risk is the risk that fair value or future cash flows of Financial instruments will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk)

The company is not exposed to price risk as it has no investment in mutual funds or in preference shares

Note: 41

Previous year figures have been regrouped, rearranged and/or reclassified wherever necessary to conform to current year’s classification.

As per our report of even date attached For and on behalf of the Baord of Directors

CCL INTERNATIONAL LIMITED

FOR KPMC & Associates Chartered Accountants Firm Reg. No.: 005359C

Sd/- Sd/-

Sd/- RAMA GUPTA AKASH GUPTA

Anagh Gupta (DIRECTOR) (MANAGING DIRECTOR)

Partner DIN: 00080613 DIN: 01940481

M.NO.: 418781

UDIN: 24418781 BKFGVM851 6 Sd/-

PRADEEP KUMAR

Place: Ghaziabad (COMPANY SECRETARY)

Dated: 30.05.2024 M. No. A50972

---

Mar 31, 2023

9. Provisions, contingent assets and contingent liabilities

A provision is recognized when:

> the Company has a present obligation as a result of a past event;

> it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and

> a reliable estimate can be made of the amount of the obligation.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made.

10. Foreign Currency Transaction

Foreign currency transactions are recorded at the exchange rates prevailing on the date of the transactions. Exchange differences arising on foreign currency transactions are recognized as income or as expenses and accordingly debited or credited to profit and loss account.

11. Retirement and other Employees'' Benefits

Provident Fund : Provision of Provident Fund is not applicable to the company.

Gratuity: No provision for gratuity has been made as there is no amount due towards.

12. Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders (after deducting attributable taxes) by the weighted average number of equity shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

13. Taxation

a. Current Tax:

Provision for Current tax is made based on the liability computed in accordance with the relevant tax rates and provisions of Income Tax Act, 1961 as at the balance sheet date and any adjustments to taxes in respect of the previous years, penalties if any related to income tax are included in the current tax expense.

b. Deferred Tax

Deferred income tax assets and liabilities are recognized for temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax base using the tax rates that are expected to apply in the period in which the deferred tax asset or liability is expected to settle, based on the laws that have been enacted or substantively enacted by the end of reporting period.

c. Minimum Alternative Tax (MAT)

MAT credit is recognized as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. In the year in which the MAT credit becomes eligible to be recognized as an asset in accordance with the recommendations contained in Guidance Note issued by the Institute of Chartered Accountants of India, the said asset is created by way of a credit to the statement of profit and loss and shown as MAT Credit Entitlement. The company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

14. Borrowing Cost

Borrowing cost that is directly attributable to the acquisition or construction of a qualifying asset are considered as part of the cost of the asset. All other borrowing costs are treated as period cost and charged to the statement of profit and loss in the year in which incurred.

15. Significant management judgment in applying accounting policies and estimation of uncertainty

a. Significant management judgments

When preparing the financial statements, management undertakes a number of judgments, estimates and assumptions about the recognition and measurement of assets, liabilities, income and expenses. The following are significant management judgments in applying the accounting policies of the Company that have the most significant effect on the financial statements.

i) Revenue

The Company recognises revenue using the percentage of completion method. This requires estimation of the projected revenues, projected profits, projected costs, cost to completion and the foreseeable losses. These are reviewed periodically by the management and any effect of changes in estimates is recognized in the period in which such changes are determined.

ii) Recognition of deferred tax assets

The extent to which deferred tax assets can be recognized is based on an assessment of the probability of the Company''s future taxable income against which the deferred tax assets can be utilized otherwise the deferred tax is not recognized.

b. Estimation of uncertainty

i) Recoverability of advances/receivables

At each balance sheet date, based on historical default rates observed over expected life, the management assesses the expected credit loss on outstanding receivables and advances.

ii) Provisions

At each balance sheet date on the basis of management judgment, changes in facts and legal aspects, the Company assesses the requirement of provisions against the outstanding warranties and guarantees. However the actual future outcome may be different from this judgment.

16. Cash and Cash Equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term deposits with an original maturity of three months or less, that are readily convertible to a known amount of cash and subject to insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash at banks and on hand and short term deposits, as defined above net of outstanding bank overdrafts as they are considered an integral part of the Company''s cash management.

Note-1 : There is no reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end of the reporting period showing additions, disposals, acquisitions through business combinations, amount of change due to revaluation and other adjustments and the related depreciation and impairment losses/reversals during the year.

Note-2 : There is no property are there in the company which in the name of other then in the name of Company

Note-3 : The Company has not revalued its property and plant & machineries during the year.

Note - B

Nature of security of long term borrowings are as under:

Note B (1): Loan from Axis Bank Limited of Rs. NIL (Previous Year Rs. 59,799/-).

Note B (2): Loan from Axis Bank Limited of Rs. NIL (Previous Year Rs. 59,799/-).

Note B (3): Loan from Axis Bank Limited of Rs. NIL (Previous Year Rs. 59,799/-).

Note B (4): Loan from Axis Bank Limited of Rs. NIL (Previous Year Rs. 59,799/-).

Note B (5): Loan from Axis Bank Limited of Rs. NIL (Previous Year Rs. 59,799/-).

Note B (6): Loan from Axis Bank Limited of Rs. 12,35,380 (Previous Year Rs. NIL/-) out of which Rs. 6,46,905/- is Long term borrowing which is secured by way of Hypothecation of ashok layland tipper. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (7): Loan from Axis Bank Limited of Rs. 12,35,380 (Previous Year Rs. NIL/-) out of which Rs. 6,46,905/- is Long term borrowing which is secured by way of Hypothecation of ashok layland tipper. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (8): Loan from Axis Bank Limited of Rs. 12,35,380 (Previous Year Rs. NIL/-) out of which Rs. 6,46,905/- Loan from Axis Bank Limited of Rs. 12,35,380 (Previous Year Rs. NIL/-) out of which Rs. 6,46,905/- is Long term borrowing which is secured by way of Hypothecation of ashok layland tipper. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (9): Loan from Axis Bank Limited of Rs. 9,65,146 (Previous Year Rs. NIL/-) out of which Rs. 5,05,401/- is Long term borrowing which is secured by way of Hypothecation of Backhole Loader. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (10): Loan from Axis Bank Limited of Rs. 12,35,380 (Previous Year Rs. NIL/-) out of which Rs. 6,46,905/- is Long term borrowing which is secured by way of Hypothecation of ashok layland tipper. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (11): Loan from Axis Bank Limited of Rs. 9,65,146 (Previous Year Rs. NIL/-) out of which Rs. 5,05,401/- is Long term borrowing which is secured by way of Hypothecation of Backhole Loader. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (12): Loan from Axis Bank Limited of Rs. 12,35,380 (Previous Year Rs. NIL/-) out of which Rs. 6,46,905/- is Long term borrowing which is secured by way of Hypothecation of ashok layland tipper. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (13): Loan from Axis Bank Limited of Rs. 9,65,146 (Previous Year Rs. NIL/-) out of which Rs. 5,05,401/- is Long term borrowing which is secured by way of Hypothecation of Backhole Loader. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (14):Loan from Axis Bank Limited of Rs. 9,65,146 (Previous Year Rs. NIL/-) out of which Rs. 5,05,401/- is Long term borrowing which is secured by way of Hypothecation of Backhole Loader. Rate of Interest Being 9.51 % (Fixed) P.A. Repayble 35 Monthy Installments.

Note B (15): Loan from Kotak Mahindra Bank Limited of Rs. 38,81,203/- (Previous Year Rs. Nil/-) out of which Rs. 21,68,623/- is Long term borrowing which is secured by way of Hypothecation of Paver Finisher. Rate of Interest Being 7.58 % (Fixed) P.A. Repayble 37 Monthy Installments

Note B (16): Loan from Kotak Mahindra Bank Limited of Rs. 20,75,416/- (Previous Year Rs. Nil/-) out of which Rs. 11,59,569/- is Long term borrowing which is secured by way of Hypothecation of Paver Finisher. Rate of Interest Being 7.58 % (Fixed) P.A. Repayble 37 Monthy Installments

Note B (17): Loan from Kotak Mahindra Bank Limited of Rs. 28,51,730/- (Previous Year Rs. Nil/-) out of which Rs. 17,91,705/- is Long term borrowing which is secured by way of Hypothecation of Paver Finisher. Rate of Interest Being 9.55 % (Fixed) P.A. Repayble 35 Monthy Installments

Note B (18): Loan from Kotak Mahindra Bank Limited of Rs. 23,41,955/- (Previous Year Rs. Nil/-) out of which Rs. 14,71,403/- is Long term borrowing which is secured by way of Hypothecation of Paver Finisher. Rate of Interest Being 9.55 % (Fixed) P.A. Repayble 35 Monthy Installments

Note B (19): Loan from HDB Financial Services Limited of Rs. 1,11,15,000 (Previous Year Rs. Nil/-) out of which Rs. 76,79,293/- is Long term borrowing which is secured by way of Hypothecation of Writgen . Rate of Interest being 11.61 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note B (20): Loan from HDB Financial Services Limited of Rs. 28,35,000 (Previous Year Rs. Nil/-) out of which Rs. 19,58,683/- is Long term borrowing which is secured by way of Hypothecation of Motor Grader . Rate of Interest being 11.61 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note B (21): Loan from HDB Financial Services Limited of Rs. 39,33,000 (Previous Year Rs. Nil/-) out of which Rs. 27,17,303/- is Long term borrowing which is secured by way of Hypothecation of Motor Grader . Rate of Interest being 11.61 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note B (22): Loan from ICICI Bank Limited of Rs. NIL/- (Previous Year Rs. 6,21,753/-).

Note B (23): Loan from Kotak Mahindra Bank Limited of Rs. Nil/- (Previous Year Rs. 7,27,941/-) out of which Rs. NIL is Long term borrowing which is secured by way of Hypothecation of Escorts Tandem Vibratory Roller HD85. Rate of Interest being 9.436 % (Fixed) P.A. Repayable 33 Monthly Installments.

Note B (24): Loan from Kotak Mahindra Bank Limited of Rs. Nil/- (Previous Year Rs. 20,88,752/-) out of which Rs. NIL is Long term borrowing which is secured by way of Hypothecation of Kobelco Excavator. Rate of Interest being 8.919 % (Fixed) P.A. Repayable 34 Monthly Installments.

Note B (25): Loan from Kotak Mahindra Bank Limited of Rs. Nil/- (Previous Year Rs. 5,37,400/-) out of which Rs. NIL/- is Long term borrowing which is secured by way of Hypothecation of Rock Breaker. Rate of Interest being 9.06 % (Fixed) P.A. Repayable 34 Monthly Installments.

Note B (26): Loan from Kotak Mahindra Bank of Rs. 31,05,416.10/- (Previous Year Rs. 49,78,702.33) out of which Rs. 10,76,648.04/- is Long term borrowing which is secured by way of Hypothecation of 5 Ashok Leyland Tippers . Rate of Interest being 8.86 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note B (27): Loan from Punjab National Limited of Rs. 36,66,676/- (Previous Year Rs. 66,08,408/-) out of which Rs. 7,33,348/- is Long term borrowing which is secured by way of Hypothecation. Rate of Interest being 8.86 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note 38: Financial Risk Management

The Company’s business activities expose it to a variety of financial risks, namely liquidity risk, market risks and credit risk. The Company''s senior management has overall responsibility for the establishment and oversight of the Company''s risk management framework. The Company’s risk management assessment and policies and processes are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Board of Directors and the Audit Committee is responsible for overseeing the Company’s risk assessment and management policies and processes.

A. Management of Credit Risks

Credit risks is the risks of financial loss to the company if a customer or counterparty to a financial instruments fails to meet its contractual obiligations, and arises principally from the Company''s receivable from clients/customers.

Credit risk on trade receivable, is limited as the customers of the company mainly consists of the Government promoted entities having a strong credit worthiness.

B. Management of Liquidity Risk:

Liquidity risk is the risk that the company will encounter difficulty in meeting the obilgations associated with its financial liabilities that are settled by delivering cash or another financial assets. The company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amount are gross and undiscounted, and include contractual interest payments and exclude the impacts of netting agreements.

C. Management of Market risks

Market risks is the risk that changes in market prices- such as foreign exchange rates, interest rates and price risk-will affect the Company''s income or the Value of its holdings of financial instruments. The objective of market isk management is to manage and control market risk exposures within acceptable parameters, while optimsing the return.

i. Foreign Currency Risk

Foreign Currency Risk is the risk that fair value or future cash flow of financial instrument will fluctuate because of changes in foreign exchange rate.

The company is not exposed to foreign currency risk as it has no borrowing in foreign currency.

ii. Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of financial instruments will fluctutate because of changes in market interest rates. Since the company has insignificant variable interest bearing borrowing, the exposure to the risk of changes in the market rates are minimal.

iii. Price Risk

Price Risk is the risk that fair value or future cash flows of Financial instruments will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk)

The company is not exposed to price risk as it has no investment in mutual funds or in preference shares

Note: 39

Impact of Corona Virus on Financial Reporting

On account of COVID-19 pandemic, nationwide lockdown was imposed by Government of India effective March 24, 2020 which extended for a couple of months in varied parts of the country and in varied forms. The outbreak of Coronavirus (COVID -19) pandemic globally and in India has caused significant disturbance and slowdown of economic activity. At the time of finalisation of these financial statements the severity of the pandemic in the form of Wave 2 is peaking day by day across the country and on account of which various state Governments have started imposing lockdown like restrictions in various parts of the country. Consequent to these uncertainties caused due to continuation of pandemic, the Company has considered the possible effects that may result from the pandemic relating to Covid 19 in the preparation of these financial statements and has done a detailed assessment for carrying amount of financial and non-financial assets and does not anticipate any impairment to these assets. Also, the management does not see any risks in the Company''s ability to continue as a going concern and meeting its liabilities as and when they fall due. The situation though is changing rapidly giving rise to inherent uncertainty around the extent and timing of the potential future spread of COVID-19 and due to which the Company will continue to closely monitor any material changes to future economic conditions, if any.

Note: 42

Previous year figures have been regrouped, rearranged and/or reclassified wherever necessary to conform to current year’s classification.

As per our report of even date attached For and on behalf of the Baord of Directors

CCL INTERNATIONAL LIMITED

FOR KPMC & Associates Chartered Accountants Firm Reg. No.: 005359C

sd/- sd/- sd/-

Sanjay Mehra RAMA GUPTA AKASH GUPTA

Partner (DIRECTOR) (MANAGING DIRECTOR)

M.NO.: 075488 UDIN : 23075488BGTIPV7018

sd/-

Place: New Delhi PRADEEP KUMAR

Dated: 30.05.2023_(COMPANY SECRETARY)

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Mar 31, 2016

Note 1: Car Loan from OBC Bank of Rs. Nil (Previous Year Rs. 8,92,384.23/-) was wholly repaid in financial year 2015-16 which is secured by way of Hypothecation of Vehicle amounting to Rs. 35,37,330/-. Rate of Interest being 11.00 % (Fixed) P.A.

Note 2: Loan from Axis Bank of Rs. 36,67,317/- (Previous Year Rs. 67,02,491/-) out of which Rs. 2,97,098/- is Long term borrowing which is secured by way of Hypothecation of Motor Grader amounting to Rs. 90,00,000/-. Rate of Interest being 10.52 % (Fixed) P.A. Repayable 36 Monthly Installments.

Note (3): Loan from Tata Capital Finance Limited of Rs. 1,60,50,131.39/-(Previous Year Rs. 2,38,46,082.62/-) out of which Rs. I,53,60,397.08/- is Long term borrowing which is secured by way of Hypothecation of Motor Grader amounting to Rs. 3,38,00,000/-. Rate of Interest being 11.77 % (Fixed) P.A. Repayable 47 Monthly Installments.

Note (4): Loan from ICICI Bank of Rs. 16,55,833.80/- (Previous Year Rs. 24,22,655.60/- ) out of which Rs. 7,19,671.00/- is Long term borrowing which is secured by way of Hypothecation of Compactor amounting to Rs. 24,82,678/-. Rate of Interest being 11.51 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note (5): Loan from ICICI Bank of Rs. 18,10,959.70/- (Previous Year Rs. 26,49,651.10/- ) out of which Rs. 7,87,084.50/- is Long term borrowing which is secured by way of Hypothecation of Hyundai Foklane amounting to Rs. 27,15,300/-. Rate of Interest being 11.51 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note (6): Loan from ICICI Bank of Rs. 15,17,448.70/- (Previous Year Rs. 22,20,195.60/- ) out of which Rs. 6,59,523.90/- is Long term borrowing which is secured by way of Hypothecation of JCB amounting to Rs. 22,75,203/-. Rate of Interest being 11.51 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note (7): Loan from ICICI Bank of Rs. 15,30,420.40/- (Previous Year Rs. 22,39,292.80) out of which Rs.6,65,250.40 - is Long term borrowing which is secured by way of Hypothecation of Tipper amounting to Rs. 22,95,000/-. Rate of Interest being 11.51 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note (8): Loan from ICICI Bank of Rs. 33,34,727.70/- (Previous Year Rs. 48,79,112.50/- ) out of which Rs. 14,49,346.00/- is Long term borrowing which is secured by way of Hypothecation of Tractor, Spreader St Crusher amounting to Rs. 50,00,000/-. Rate of Interest being II.51 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note (9): Loan from ICICI Bank of Rs.39,09,126.40/- (Previous Year Rs. 69,21,525.40/-) out of which Rs. 2,79,092.40 /- is Long term Borrowing which is secured by way of Hypothecation of Motor Grader amounting to Rs. 90,00,000/-. Rate of Interest being 10.25 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note (10): Loan from ICICI Bank of Rs. 10980769.00/- (Previous Year Rs. Nil/-) out of which Rs. 53,45,872.00 /- is Long term Borrowing which is secured by way of Hypothecation of Written 2000 amounting to Rs. 1,52,31,820/-. Rate of Interest being 10.25 % (Fixed) P.A. Repayable 35 Monthly Installments.

Note (11): Car Loan from HDFC Bank of Rs. 12,45,546.45 (Previous Year Rs. Nil) out of which Rs. 9,98,667.84.00 /- is Long term Borrowing which is secured by way of Hypothecation of Vehicle amounting to Rs. 14,15,000/-. Rate of Interest being 10.15 % (Fixed) P.A. Repayable 60 Monthly Installments.

Note 12: FDR (inculsive of accured interest) in favour of PWD (Meghalaya) of Rs. 3,40,30,685.81/- (Previous Year Rs. 3,19,76,406.71/- is the security against work contract in Meghalaya.

Note 13: FDR (inculsive of accured interest) of Rs.1,49,485.00 /- (Previous year Rs. 1,38,514.00/-) is Security for Sales Tax Registration. Note C (3): FDR (inculsive of accured interest) of Rs. 15,54,486.00/- (Previous Year Rs. Nil) is the Security against Overdraft Limit issued by State Bank of India against Bank OD limits.

Note 14: FDR (inculsive of accured interest) in favour of UP Power Transmission Corporation Limited (Chandusi) of Rs. 1,92,000.00/-(Previous Year Rs. Nil) is the security against work contract in Chandusi.

Note C (5): FDR (inculsive of accured interest) of Rs. 94,00,676/- (Previous Year Rs. 25,66,311/-) is the Security against Bank Gaurantee of Rs. 3,44,98,043/- issued by Oriental Bank of Commerce.

Note 15: FDR (inculsive of accured interest) of Rs. 1 8,74,065/- (Previous Year Rs. 17,48,621 /-) is the Security against Letter of Credit of Rs. 87,22,765/- issued by Oriental Bank of Commerce.

16. Presentation and disclosure of financial statements:

During the year ended 31 March 2016, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the companies, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosures made in the financial statements. The Company has also reclassified the previous year figures in accordance with the requirements applicable in the current year.

17. Basic and Diluted Earnings Per Share is Re 0.44 (Previous Year - Re. 0.11).

18. Deferred Tax Liability /(Assets):

As required by Accounting Standard on ‘Accounting for Taxes on Income’ (AS-22) issued by ICAI , the major component of Deferred Tax Liability /(Assets) are given below:

19. Figure of the previous year has been regrouped / rearranged / re casted wherever necessary to confirm the figures of the current year.

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Mar 31, 2015

I. Presentation and disclosure of financial statements:

During the year ended 31 March 2015, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the companies, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosures made in the financial statements. The Company has also reclassified the previous year figures in accordance with the requirements applicable in the current year.

II. Figure of the previous year has been regrouped / rearranged / re casted wherever necessary to confirm the figures of the current year.

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Mar 31, 2014

Presentation and disclosure of financial statements:

During the year ended 31 March 2014, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the companies, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosures made in the financial statements. The Company has also reclassified the previous year figures in accordance with the requirements applicable in the current year.

Long Term Borrowings

Note A(1): Loan from HDFC Bank of Rs. 34,409.99 (Previous Year Rs. 1,61,829.76/-), out of which Rs.34409.99/- is Current is secured by way of Hypothecation of Vehicle amounting to Rs. 5,08,220/-. Rate of Interest being 12.51% (Fixed) P.A. Repayable 36 Monthly Installments.

Note A(2): Car Loan from OBC Bank of Rs. 6,75,155.86/- (Previous Year Rs. 10,14,072/-) out of which Rs. 3,37,176.46/- is Current is secured by way of Hypothecation of Vehicle amounting to Rs. 12,81,330/-. Rate of Interest being 11.00 % (Fixed) P.A. Repayable 36 Monthly Installments.

Note A(3): Car Loan from OBC Bank of Rs. 12,37,844.42/- (Previous Year Rs. 19,25,581/-) out of which Rs. 6,63,607.75/- is Current is secured by way of Hypothecation of Vehicle amounting to Rs. 22,56,000/-. Rate of Interest being 11.00 % (Fixed) P.A. Repayable 36 Monthly Installments.

Note A(4): Loan from Axis Bank of Rs. 90,00,000/-( Previous Year Rs. Nil) out of which Rs. 22,97,509.00/- is Current is secured by way of Hypothecation of Motor Grader amounting to Rs. 90,00,000/-. Rate of Interest being 10.52 % (Fixed) P.A. Repayable 36 Monthly Installments, a

Note A(5): Loan from Tata Capital Finance of Rs. 3,19,65,809.11/- out of which Rs. 81,19,726.49/- is Current is secured by way of Hypothecation of Motor Grader amounting to Rs. 3,38,00,000/-. Rate of Interest being 11.77 % (Fixed) P.A. Repayable 47 Monthly Installments.

Note A (6): Loan from L & T Finance Limited is NIL/-( Previous Year Rs. 18,98,540/-) @ 11.80% p.a., is secured by way of Hypothecation of certain Plant & Machinery (Forklane) and Personal Guarantee by Directors. Repayble in EMI ending on March 5, 2014.

Note A (7): Loan from L & T Finance Limited of Rs. 66,21,309/- (Previous Year Rs. 1,43,38,630/-) @13.00% p.a., out of which Rs. 66,21,309/- is Current is secured by way of Hypothecation of certain Plant & Machinery(Writgen Recycler/Stabliser) and Personal Guarantee by Directors. Repayable in EMI ending on March 5, 2015. Note A(8): Loan from L & T Finance Limited is Nil (Previous Year Rs. 5,97,150/-) @ 13.59%, is secured by way of Hypothecation of certain Plant & Machinery (Tipper) and Personal Guarantee by Directors. Repayable in EMI ending on March 5, 2014.

Note A(9): Loan from L & T Finance Limited is Nil (Previous Year Rs.7,27,029/-) @ 11.05%, is secured by way of Hypothecation of certain Plant & Machinery (JCB Compector) and Personal Guarantee by Directors. Repayable in EMI ending on Feb 01, 2014.

Note A(10): Loan from L & T Finance Limited is Nil (Previous Year Rs.7,30,464/-) @ 10.67%, is secured by way of Hypothecation of certain Plant & Machinery (JCB Compector) and Personal Guarantee by Directors. Repayable in EMI ending on Feb 10, 2014.

Note A(11): Loan from L & T Finance Limited is Nil (Previous Year Rs. 16,14,314/-) @ 12.25%, is secured by way of Hypothecation of certain Plant & Machinery(JCB Machines) and Personal Guarantee by Directors. Repayable in EMI ending on Feb 1, 2014.

Note A(12): Loan from ICICI of Rs. 15,07,248/- (Previous Year Rs. 29,79,448/-) @12.65%, (out of which Rs.15,07,248/- is Current) is secured by way of Hypothecation of certain Plant & Machinery(Tippers) and Personal Guarantee by Directors. Repayable in EMI ending on Feb 15, 2015.

Short Term Borrowings

Note A:

Note A(1): Cash Credit of Rs. 5,66,48,953.14/-(Previous year Rs. 1,35,75,769/-) from Oriental Bank of Commerce is secured by way of Hypothecation of Stock of the company on first Charge basis & collateral security of certain lands of the company.

Note A(2): Bank Overdraft is Nil (Previous year Rs. 75,02,408.64) from IDBI Bank Ltd is secured by way of Fixed Deposits of Rs. 1,00,11,000/- NoteA(3): Bank Overdraft Limits of Rs. 40,13,265.71/-(Previous year Rs. Nil) from State Bank of India by way of Fixed deposits of Rs. 50,00,000/- Note: A(4) Letter of Credit of Rs. 1,83,15,482/- (Previous year Rs. Nil) issued by Oriental Bank of Commerce.

Note:A (5) Advance from PWD (Mehayala) is Nil (Previous year Rs. 1,12,50,000/-) against ongoing project is secured by way of Bank Guarantee.

Note B(1): Unsecured Loan is Nil (Previous year Rs. 20,00,000/-)from Yashoda Builders Private Limited.

Note B(2): Unsecured Loan is Nil (Previous year Rs.29,00,000/-)from Director and other associates companies.

Cash and Cash Equivalents

Note A (1): FDR (inculsive of accured interest) in favour of PWD (Meghalaya) of Rs.2,88,94,564.81/- (Previous Year Rs. 26,77,318.50/- is the security against work contract in Meghalaya.

Note A (2): FDR (inculsive of accured interest)of Rs. 1,28,293/- (Previous year Rs. 1,18,825/-) is Security for Sales Tax Registration.

Note A (3): FDR against Overdraft Limit is Nil (Previous year Rs. 1,00,64,010/-)is Security against Overdraft Limit issued from IDBI Bank.

Note A (4): FDR(inculsive of accured interest) of Rs. 53,89,352/- (Previous Year Rs. NIL) is the Security against Overdraft Limit issued by State Bank of India against Bank OD limits.

Note A (5): FDR (inculsive of accured interest) of Rs.39,07,243/- (Previous Year Rs. Nil) is the Security against Bank Gaurantee of Rs. 1,90,57,175/- issued by Oriental Bank of Commerce.

Note A (6): FDR (inculsive of accured interest) of Rs. 52,62,906/- (Previous Year Rs. Nil) is the Security against Letter of Credit of Rs. 2,58,15,482/- issued by Oriental Bank of Commerce.

Contingent liabilities and commitments (to the extent not provided for)

Particulars 2013-14 2012-13 (I) Contingent Liabilities (a) Claims against the company not acknowledged as debt 0 0 (b) Guarantees 19057175 62678146 (c) Other money for which the company is contingently liable 0 0

Total 19057175 62678146

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Mar 31, 2013

1. Schedules 1 to 16 are the integral parts of the accounts.

2. Figure of the previous year have been regrouped / rearranged / recasted wherever necessary to confirm the figures of the current year.

3. Basic and Diluted Earning Per Share is Re 0.18 (Previous Year - Re. 0.10).

4. The company has carry forwarded losses under the Income Tax Act, 1961 . In the absence of virtual certainty of future taxable Income , deferred tax assets/ liabilities are not recognized in the accounts.

5. Deferred Tax Liability /(Assets) :

As required by Accounting Standard on ''Accounting for Taxes on Income'' (AS-22) issued by ICAI, the major component of Deferred Tax Liability /(Assets) are given below :

As the Company has changed its line of business at the end of financial year there was no transaction will be complied.

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Mar 31, 2011

1. Schedules 1 to 16 are the integral parts of the accounts.

2. Figure of the previous year have been regrouped / rearranged / recasted wherever necessary to confirm the figures of the current year.

3. Basic and Diluted Earning Per Share is Re 1.46 (Previous Year - Re. 1.71).

4. The company has carry forwarded losses under the Income Tax Act, 1961. In the absence of virtual certainty of future taxable income, deferred tax assets/ liabilities are not recognized in the accounts.

5. As the Company has changed its line of business at the end of financial year there was no transaction entered into by the company in new business hence there was only single business activity therefore segment reporting as per Accounting standard AS-17 has not done. In the next financial year requirement will be complied.

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Mar 31, 2010

1 Schedules 1 to 16 are the integral parts of the accounts.

2 Figure of the previous year have been regrouped / rearranged / recasted wherever necessary to confirm the figures of the current year.

3 Basic and Diluted Earning Per Share is Rs. 1.7 (Previous Year - Rs. 0.32).

4 The company has carry forwarded losses under the Income Tax Act, 1961 In the absence of virtual certainty of future taxable income , deferred tax assets/ liabilities are not recognized in the accounts.

5 As the Company has changed its line of business at the end of financial year there was no transaction entered into by the company in new business hence there was only single business activity therefore segment reporting as per Accounting standard AS-17 has not done. In the next financial year requirement will be complied.

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Mar 31, 2009

1 Schedules 1 to 16 are the integral parts of the accounts.

2 Figure of the previous year have been regrouped / rearranged / recasted wherever necessary to confirm the figures of the current year.

3 Details of Related Party Transactions Key Managerial Personnel

Mr. Girish R. Gupta Chairman cum Managing Director Remuneration Rs. 90,000/-

Enterprises (Domestic Companies) under significant influence of the Key Managerial Personnel and his relatives

Name of Enterprises Nature of Transactions Balance as on 31.03.2009

Tanvi Fincap Pvt. Ltd. Arrangement of Short Term Fund & Rs. NIL

Sale of Investment 6 Basic and Diluted Earning Per Share is Re 0.32 (Previous Year- Re. 1.01).

4 The company has cany forwarded losses under the Income Tax Act, 1961 In the absence of virtual certainty of future taxable income , deferred tax asstes/ liabilities are not recognized in the accounts.

5 As the Company has changed its line of business at the end of financial year there was no transaction entered into by the company in new business hence there was only single business activity therefore segment reporting as per Accounting standard AS-17 has not done. In the next Financial year requirement will be complied.