Mar 31, 2016
1 The Company has only one class of equity shares having a par value ofRs,10/- per share. Each holder of equity share is entitled to one vote per share. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the no. of equity shares held by the shareholder.
2. The Promoters have contributed the above said sum as a pre-condition to the CDR Scheme.
3. Decision to allot the share is pending. The allotment of shares to be issued is subject to approval by the Stock Exchange. Hence, proposed date of allotment, no. of shares to be allotted has not yet been decided.
4. Since the Number of shares to be allotted has not yet been decided, sufficiency/insufficiency of the authorized share capital cannot be worked out.
5. The Share Application Money is not refundable.
6. Details of Securities of Secured Term Loans from Banks & Others under CDR Scheme [CTL, MTL, WCTL, FITL from Banks amounting toRs,49206.12 Lacs & from Others amounting toRs,23360.36 Lacs].
A. FOR TL: IN FAVOUR OF SBP, SBH, L&T Infra, Bajaj and SREI
For WCTL: IN FAVOUR OF SBI, SBP, SBH, ICICI, Axis, IDBI, OBC, Central Bank, IndusInd:
FOR FITL: IN FAVOUR OF SBI, SBP, SBH, ICICI, Axis, IDBI, OBC, Central Bank, IndusInd, L&T Infra, Bajaj and SREI:
a. First charge ranking pari passu by way of mortgage on immovable property bearing Plot No. 70, Sector-32, Gurgaon, Haryana admeasuring 2167.90 Sq. Meters and hypothecation of moveable, fixed assets both present and future of Company except specifically charged assets;
b. Second charge ranking pari passu by way of hypothecation and/or pledge of current assets both present and future namely finished goods, raw materials, work-in-progress, consumable stores and spares, book debts, bills receivable etc.
B. Additional Security
In addition to the aforesaid securities on the Facilities, all the CDR Lenders shall be secured further by following additional collateral securities and shall have First charge ranking pari passu:
a. Pledge of entire unencumbered shares of the Borrower held by promoters and promoter group which shall include following persons and companies:
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole time Director)
v. Mr. Sanjay Gupta (Whole time Director)
vi. M/s S J Leasing & Investment Private Limited, a company registered under the Companies Act, 1956 and having its registered office at 11 Club Drive, MG Road, Ghittorni, New Delhi-110030;
vii. M/s Bags Registry Services Private Limited, a company registered under the Companies Act, 1956 and having its registered office at 74, Hemkunt Colony, Opposite Nehru Place, New Delhi-110019;
b. It is acknowledged that the 10% shares of the Promoters held in Company were pledged in favour of the Lenders including some Non-CDR Lenders i.e., Barclays Bank, DBS Bank Limited, Standard Chartered Bank who had sanctioned working capital facility prior to Cut-off Date. Consequent upon the CDR Package, proportionate share of the Non- CDR Lenders i.e Barclays Bank, DBS Bank Limited, Standard Chartered Bank in the security of pledge of Promoter''s share shall be protected in proportion of their liability towards Working Capital Facility AND balance amount of security shall be shared among the CDR Lenders in proportion to their liability towards the Working Capital Facility;
c. Pledge of all encumbered shares held by Company, Promoters and Promoter Group which shall become unencumbered in future of all the Special Purpose Vehicles (SPVs) namely (i) C&C Projects Limited (no. of shares 56304422), (ii) C&C Realtors Limited (No. of Shares 125817254), (iii) BSC C&C Kurali Toll road Limited, (iv) North Bihar Highways Limited (No. of Shares 1363700), (v) Mokama Munger Highways Limited ( No. of Shares 563940),
(vi) Patna Bakhtiyarpur Tollways Limited ( No.of Shares 785859), (vii) C&C Western UP Expressway Limited ( No. of Shares 25500) and (viii) C&C Towers Limited;
d. The Promoter shall provide additional security by way of mortage of unencumbered immovable properties having valuation equivalentRs,30.00 Cr. as collateral only to CDR Lenders.
C. Creation of Additional Security:
If, at any time during the subsistence of this Agreement, CDR Lenders are of the opinion that the security provided by the Borrower has become inadequate to cover the balance of the Loans then outstanding, then, on CDR Lenders/ Monitoring Committee advising the Borrower to that effect, the Borrower shall provide and furnish to CDR Lenders/ Monitoring Committee, to their satisfaction such additional security as may be acceptable to CDR Lenders/Monitoring Agency to cover such deficiency
D. Acquisition of Additional Immovable Properties
So long as any monies remain due and outstanding to the CDR Lenders, the Borrower undertakes to notify the CDR Lenders/ Monitoring Institution in writing of all its acquisitions of immovable properties and as soon as practicable thereafter to make out a marketable title to the satisfaction of Security Trustee/Monitoring Institution and charge the same in favour of the CDR Lenders by way of first charge in such form and manner as may be decided by the CDR Lenders.
E. Guarantee
The Borrower shall procure irrevocable and unconditional guarantee(s) of its Promoters and Promoter Group i.e.,
a. Unconditional and irrevocable Personal Guarantees of following Directors as part of Promoter Group,
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole time Director)
v. Mr. Sanjay Gupta (Whole time Director)
b. Unconditional and irrevocable Corporate Guarantee of following companies as part of Promoter Group,
i. M/s S J Leasing & Investment Private Limited and
ii. M/s Bags Registry Services Private Limited
in favour of CDR Lenders and those Non CDR Lenders who give their consent for restructuring on the same terms and conditions as contained in CDR Agreement and other Financing Documents and Security Documents.
Interest Rate to be linked with Base Rate of respective CDR Lenders with effective Interest Rate being as above.
B. Reset of Interest - 1st reset at the end of 3rd year from the cut-off date & every year thereafter.
C. Moratorium - 2 years from Cut-off Date i.e. till March 31, 2014
D. Repayment - 32 structured quarterly installments starting from quarter ending June 30, 2014
and ending in quarter ending March 31, 2022
Interest Rate to be linked with Base Rate of respective CDR Lenders with effective Interest Rate being as above.
B. Reset of Interest - 1st reset at the end of 3rd year from the cut-off date & every year thereafter
with approval of CDREG.
C. Repayment - 24 structured quarterly installments starting from quarter ending September 30, 2013
till quarter ending June 30, 2019.
5.4 Details of Securities of Secured Term Loans for Machinery & Vehicles from Others under Non-CDR Scheme amounting toRs,4903.56 Lacs:
Secured by hypothication of specific Assets and personal Guarantees of Promoter Director.
7. Maturity Profile of Non-current portion Secured Term Loans for Machinery & Vehicles from Others under Non-CDR Scheme:
8. Working Capital Loan & Demand Loan are secured as follows:-
(a) First charge ranking pari passu by way of hypothecation and/or pledge of current assets both present and future namely finished goods, raw materials, work-in progress, consumable stores and spares, book debts, bills receivable, etc and;
(b) Second pari-passu charge by way of mortgage of all immovable assets, properties as per the details given in Schedule XI and hypothecation of moveable fixed assets both present and future of the Borrower except specifically charged assets in favour of aforesaid CDR Lenders;
(c) The above security shall be shared on pari passu basis with Non-CDR Lenders i.e Barclays Bank , DBS Bank Limited, Standard Chartered Bank of pre-restructuring Working Capital Consortium along with on similar condition as agreed earlier
9. The Borrower and CDR Lenders acknowledge that the Non-CDR Lenders i.e Barclays Bank, DBS Bank Limited, Standard Chartered Bank have following Existing Security Documents ( other than the existing securities referred hereinabove for them ) in their favour;
a. Unconditional and irrevocable Personal Guarantees of following Directors as part of Promoter Group,
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole time Director)
v. Mr. Sanjay Gupta (Whole time Director)
b. Unconditional and irrevocable Corporate Guarantee of M/s Case Components Industries Private Limited , a company registered under the Companies act,1956 and having its registered office at 74, Hemkunt Colony , Nehru Place , New Delhi.
10. DISCLOSURES OF RELATED PARTIES AND RELATED PARTY TRANSACTIONS:
(i) Associate Companies A Export Pvt Ltd
Amaltas Consulting P Ltd Bags Registry Services (P) Ltd BSC-C&C- JV Nepal (P) Ltd ~ BSC-C&C-Kurali Toll Road Ltd C & C Corporate Services Ltd Case Cold Roll Forming Limited Case Component Industries Pvt. Limited Fidere Facilities Management Pvt Ltd Fidere Investments Limited FOS Laser SPA Pvt. Ltd Frontier Services LLC Frontline Innovation (P) Ltd.
Grace Developer LLC
J.D. Resort Pvt. Ltd
JBS Capital Pvt. Ltd
JBS Education Infrastructure Pvt Ltd
Jeet Properties (P) Ltd.
Kinder Plume Education Pvt. Ltd Mokama - Munger Highway Ltd North Bihar Highway Limited Patna Bakhtiyarpur Tollway Limited Pelican Education Services Pvt Ltd Pelican Educational Resources Ltd Pelican Vocational Education P Ltd Ruhani Realtors Pvt Ltd
S.J. Leasing & Investment (P) Limited Sonar Infosys Ltd SS Quality Certification LLP Tel Systems Ltd Titanium Engineering Pvt Ltd Titanium Faab-Tech Pvt Ltd
(ii) Joint Ventures BSC-C&C JV''
Isolux Corsan India -C&C âJV'' ICI- C&C JV ICI-C&C Mainpuri JV ~C&C - ICI MEP JV ISOLUX -C&C execution JV ISOLUX -C&C transmission JV C & C-SE âJVâ
__BLA-CISC-C&C âJV''_
C&C- Skipper âJV''
iii) Subsidiary Companies C and C Projects Ltd
C&C Realtors Ltd C&C Towers Ltd (*)
C&C Western UP Expressway Ltd ~~C&C (Oman) LLC C&C Tolls Ltd
(*) Stepdown Subsidiary Company
iv) Key Managerial Personnel Board of Directors Mr. Gurjeet Singh Johar
Mr. Charanbir Singh Sethi Mr. Rajbir Singh Mr. Sanjay Gupta Mr. Amrit Pal Singh Chadha Mr. Rajendra Mohan Aggarwal
v) Relatives of Key Managerial Personnel Mrs. Sumeet Johar
Mr. Jaideep Singh Johar
Mrs. Divya Johar
Mrs. Simrita Johar
Mr. Shabadjit Singh Bawa
Mr. Tarun Sarin
Dr. Suneeta Singh Sethi
Mr. Gobind Singh Sethi
Ms. Pranavi Sethi
Mr. Rajbir Singh
Mr. Lakhbir Singh Sethi
Mrs. Sukhvinder Kaur
Mrs. Paramjeet Kaur Sethi
Mr. Harjeev Sethi
Ms. Jessica Sethi
Mr. Charanbir Singh Sethi
Mrs. Seema Gupta
Mr. Ujjwal Gupta
Ms. Prerana Gupta
Mrs. Inderjeet Kaur
Mr. Sardar Singh Chadha
Mrs. Pritpal Kaur
Mr. Hitpreet Singh Chadha
Mr. Harvinder Pal Singh Chadha
42 As per information available with the Company, the Sundry Creditors do not include any amount due to Micro, Small and Medium Enterprises registered under âThe Micro, Small and Medium Enterprises Development Actâ.
11 Disclosure pursuant to Accounting Standard AS 15 (Revised) Employees Benefits, the disclosures as defined in the Accounting Standard are given below:
The Company is Registered under The Employeeâs Provident Fund Scheme, 1952. Interest is given by the Central Government as per applicable statutory rates.
Defined Benefit Plan
The Employee''s Gratuity Fund scheme is managed by Trust ( Life Insurance Corporation of India) except the Gratuity fund contribution of Joint Ventures of the company, is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation . The obligation of leave encashment is recognized in the same manner as gratuity.
12 Figure for the current year are only for 9 months from July 2015 to March 2016
13 Balances of some of the parties, including some related parties, are subject to reconciliation/ confirmation.
Jun 30, 2015
1. The Company has only one class of equity shares having a par value
of Rs. 10/- per share. Each holder of equity share is entitled to one
vote per share. In the event of liquidation of the company, the holders
of equity shares will be entitled to receive remaining assets of the
company, after distribution of all preferential amounts. The
distribution will be in proportion to the no. of equity shares held by
the shareholder.
2. The Promoters have contributed the above said sum as a
pre-condition to the CDR Scheme.
3. Decision to allot the share is pending. The allotment of shares to
be issued is subject to approval by the Stock Exchange. Hence,
proposed date of allotment, no. of shares to be allotted has not yet
been decided.
4. Since the Number of shares to be alloted has not yet been decided,
sufficiency/ insufficiency of the authorised share capital can not be
worked out.
5. The Share Application Money is not refundable.
6. Details of Securities of Secured Term Loans from Banks & Others
under CDR Scheme [CTL, MTL, WCTL, FITL from Banks amounting to Rs.
52295.85 Lacs & from Others amounting to Rs. 25676.82 Lacs].
A. FOR TL: IN FAVOUR OF SBP, SBH, L&T Infra, Bajaj and SREI
For WCTL: IN FAVOUR OF SBI, SBP, SBH, ICICI, Axis, IDBI, OBC, Central
Bank, IndusInd:
FOR FITL: IN FAVOUR OF SBI, SBP, SBH, ICICI, Axis, IDBI, OBC, Central
Bank, IndusInd, L&T Infra, Bajaj and SREI:
a. First charge ranking pari passu by way of mortgage on immovable
property bearing Plot No. 70, Sector-32, Gurgaon, Haryana admeasuring
2167.90 Sq. Meters and hypothecation of moveable, fixed assets both
present and future of Comapney except specifically charged assets;
b. Second charge ranking pari passu by way of hypothecation and/or
pledge of current assets both present and future namely finished goods,
raw materials, work-in-progress, consumable stores and spares, book
debts, bills receivable etc.
B. Additional Security
In addition to the aforesaid securities on the Facilities, all the CDR
Lenders shall be secured further by following additional collateral
securities and shall have First charge ranking pari passu:
a. Pledge of entire unencumbered shares of the Borrower held by
promoters and promoter group which shall include following persons and
companies:
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole time Director)
v. Mr. Sanjay Gupta (Whole time Director)
vi. M/s S J Leasing & Investment Private Limited, a company registered
under the Companies Act, 1956 and having its registered office at 11
Club Drive, MG Road, Ghittorni, New Delhi-110030;
vii. M/s Bags Registry Services Private Limited, a company registered
under the Companies Act, 1956 and having its registered office at 74,
Hemkunt Colony, Opposite Nehru Place, New Delhi-110019;
b. It is acknowledged that the 10% shares of the Promoters held in
Companey were pledged in favour of the Lenders including some Non-CDR
Lenders i.e., Barclays Bank, DBS Bank Limited, Standard Chartered Bank
who had sanctioned working capital facility prior to Cut-off Date.
Consequent upon the CDR Package, proportionate share of the Non-CDR
Lenders i.e Barclays Bank, DBS Bank Limited, Standard Chartered Bank in
the security of pledge of Promoter's share shall be protected in
proportion of their liability towards Working Capital Facility and
balance amount of security shall be shared among the CDR Lenders in
proportion to their liability towards the Working Capital Facility;
c. Pledge of all encumbered shares held by Companey, Promoters and
Promoter Group which shall become unencumbered in future of all the
Special Purpose Vehicles (SPVs) namely (i) C&C Projects Limited ( no.
of shares 56304422), (ii) C&C Realtors Limited ( No. of Shares
125817254), (iii) BSC C&C Kurali Toll road Limited, (iv) North Bihar
Highways Limited ( No. of Shares 1363700), (v) Mokama Munger Highways
Limited ( No. of Shares 563940), (vi) Patna Bakhtiyarpur Tollways
Limited ( No.of Shares 785859), (vii) C&C Western UP Expressway Limited
( No. of Shares 25500) and (viii) C&C Towers Limited;
d. The Promoter shall provide additional security by way of mortage of
unencumbered immovable properties having valuation equivalent Rs. 30.00
Cr. as collateral only to CDR Lenders.
C. Creation of Additional Security:
If, at any time during the subsistence of this Agreement, CDR Lenders
are of the opinion that the security provided by the Borrower has
become inadequate to cover the balance of the Loans then outstanding,
then, on CDR Lenders/ Monitoring Committee advising the Borrower to
that effect, the Borrower shall provide and furnish to CDR Lenders/
Monitoring Committee, to their satisfaction such additional security as
may be acceptable to CDR Lenders/Monitoring Agency to cover such
deficiency
D. Acquisition of Additional Immovable Properties
So long as any monies remain due and outstanding to the CDR Lenders,
the Borrower undertakes to notify the CDR Lenders/ Monitoring
Institution in writing of all its acquisitions of immovable properties
and as soon as practicable thereafter to make out a marketable title to
the satisfaction of Security Trustee/Monitoring Institution and charge
the same in favour of the CDR Lenders by way of first charge in such
form and manner as may be decided by the CDR Lenders.
E. Guarantee
The Borrower shall procure irrevocable and unconditional guarantee(s)
of its Promoters and Promoter Group i.e.,
a. Unconditional and irrevocable Personal Guarantees of following
Directors as part of Promoter Group,
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole time Director)
v. Mr. Sanjay Gupta (Whole time Director)
b. Unconditional and irrevocable Corporate Guarantee of following
companies as part of Promoter Group,
i. M/s S J Leasing & Investment Private Limited and
ii. M/s Bags Registry Services Private Limited
in favour of CDR Lenders and those Non CDR Lenders who give their
consent for restructuring on the same terms and conditions as contained
in CDR Agreement and other Financing Documents and Security Documents.
7. Details of Securities of Secured Term Loans for Machinery &
Vehicles from Banks under Non-CDR Scheme amounting to Rs. 156.99 Lacs:
Secured by hypothecation of Specific Assets and Personal Guarantees of
Promoter Director(s).
8. Details of Securities of Secured Term Loans for Machinery &
Vehicles from Others under Non-CDR Scheme amounting to Rs. 6742.08
Lacs:
Secured by hypothication of specific Assets and personal Guarantees of
Promoter Director.
9. In view of ongoing business circumstances/climate of C&C,
management has not provided Deferred Tax Assets on account of losses
incurred by the company.
10. Segregation of advance from employers(Contractees) into Current &
Non-Current is based on the next year's estimated deduction.
11. Working Capital Loan & Demand Loan are secured as follows:-
(a) First charge ranking pari passu by way of hypothecation and/or
pledge of current assets both present and future namely finished goods,
raw materials, work-in progress, consumable stores and spares, book
debts, bills receivable, etc and;
(b) Second pari-passu charge by way of mortgage of all immovable
assets, properties as per the details given in Schedule XI and
hypothecation of moveable fixed assets both present and future of the
Borrower except specifically charged assets in favour of aforesaid CDR
Lenders;
(c) The above security shall be shared on pari passu basis with Non-CDR
Lenders i.e Barclays Bank, DBS Bank Limited, Standard Chartered Bank of
pre-restructuring Working Capital Consortium alongwith on similar
condition as agreed earlier
12. The Borrower and CDR Lenders acknowledge that the Non-CDR Lenders
i.e Barclays Bank, DBS Bank Limited, Standard Chartered Bank have
following Existing Security Documents (other than the existing
securities referred hereinabove for them ) in their favour;
a. Unconditional and irrevocable Personal Guarantees of following
Directors as part of Promoter Group,
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole time Director)
v. Mr. Sanjay Gupta (Whole time Director)
b. Unconditional and irrevocable Corporate Guarantee of M/s Case
Components Industries Private Limited, a company registered under the
Companies act,1956 and having its registered office at 74, Hemkunt
Colony, Nehru Place, New Delhi.
13. Other Liabilities includes Retention Money Payable,Security
deposit Payable,Sundry Debtors credit Balances, Payable to
employees,other expenses payable, credit balances of banks due to
reconciliation etc.
14. Statutory Liability is subject to reconciliation.
15. Long-term Trade Receivables consists of Claims filed against
Employers(Contractees).
16. Non-current amount of interest accrued on FDRs represent interest
receivable after 12 months.
17. Advances includes Creditors debit balances, Advances to employees,
Prepaid Expenses and other misc advances.
18. Advances recoverable from Related Parties includes an amount Rs.
422.55 lacs (Previous Year Rs. 630.83 lacs) due from directors on
account of remuneration paid in excess of the limits prescribed in
Schedule XIII of the Companies Act,1956, debited to their accounts at
the year end, on account of loss during the Previous Year ending
30.06.12.
19. During the execution of projects, claims arise on account of
various disputes with the Employers. The contract defines the process
of settlement of such claims. The company recognizes the revenue from
these claims only on receipt, however, expenses are provided for as and
when incurred.
20. CONTINGENT LIABILITIES NOT PROVIDED FOR:
A In relation to the Company:-
Particular As at 30th As at 30th
June, 2015 June,2014
Rs. (Lacs) Rs. (Lacs)
Claims against the Company not
acknowledged as debts. 9,896.85 52.03
Tax Liabilities that may arise in
respect of matters in appeal 1,684.24 513.39
(Amount Deposited Rs. 12.34 Lacs)
Outstanding bank guarantees 19,116.56 24,944.20
Outstanding Letter Of Credit 709.29
Total 31,406.93 25,509.62
In case of following Special Purpose Companies (SPCs), the Company has
guaranteed and undertaken to the lenders of these SPCs to cover the
shortfall in repayment of the loan amount and payment of interest in
case of termination of Concession Agreement due to any event of default
during the currency of the loan.
* BSC-C&C Kurali Toll Road Ltd.
* C&C Towers Ltd.
* Mokama Munger Highway Ltd.
* North Bihar Highways Ltd.
* Patna Bakhtiyarpur Tollways Ltd
21. DISCLOSURES OF RELATED PARTIES AND RELATED PARTY TRANSACTIONS:
(i) Associate Companies
A Export Pvt Ltd
Amaltas Consulting P Ltd
Bags Registry Services (P) Ltd.
BSC-C&C- JV Nepal (P) Ltd
BSC-C&C-Kurali Toll Road Ltd
C & C Corporate Services Ltd
Case Cold Roll Forming Limited
Case Component Industries Pvt. Limited
Fidere Facilities Management Pvt Ltd
Fidere Investments Limited
FOS Laser SPA Pvt. Ltd
Frontier Services LLC Frontline Innovation (P) Ltd.
Grace Developer LLC J.D. Resort Pvt. Ltd
JBS Capital Pvt. Ltd
JBS Education Infrastructure Pvt Ltd Jeet Properties (P) Ltd.
Kinder Plume Education Pvt. Ltd
Mokama - Munger Highway Ltd
North Bihar Highway Limited
Patna Bakhtiyarpur Tollway Limited
Pelican Education Services Pvt Ltd
Pelican Educational Resources Ltd
Pelican Vocational Education P Ltd
Ruhani Realtors Pvt Ltd
S.J. Leasing & Investment (P) Limited
Sonar Infosys Ltd
SS Quality Certification LLP
Tel Systems Ltd
Titanium Engineering Pvt Ltd
Titanium Faab-Tech Pvt Ltd
(ii) Joint Ventures
BSC-C&C 'JV'
Isolux Corsan India -C&C 'JV'
ICI- C&C JV ICI-C&C Mainpuri JV C&C - ICI MEP JV
ISOLUX -C&C execution JV
ISOLUX -C&C transmission JV C & C-SE "JV"
BLA-CISC-C&C 'JV'
iii) Subsidiary Companies
C and C Projects Ltd
C& C Realtors Ltd
C & C Towers Ltd (*)
C&C Western UP Expressway Ltd
C&C (Oman) LLC
C&C Tolls Ltd
(*) Stepdown Subsidiary Company
iv) Key Managerial Personnel Board of Directors
Mr. Gurjeet Singh Johar
Mr. Charanbir Singh Sethi
Mr. Rajbir Singh
Mr. Sanjay Gupta
Mr. Amrit Pal Singh Chadha
Mr. Rajendra Mohan Aggarwal
v) Relatives of Key Managerial Personnel
Mrs Sumeet Johar
Mr. Jaideep Singh Johar
Mrs. Aayesha Singh
Mrs. Divya Johar
Mrs. Simrita Johar
Mr. Shabadjit Singh Bawa
Mr. Tarun Sarin
Dr. Suneeta Singh Sethi
Mr. Gobind Singh Sethi
Ms. Pranavi Sethi
Mr. Rajbir Singh
Mr. Lakhbir Singh Sethi
Mrs. Sukhvinder Kaur
Mrs. Paramjeet Kaur Sethi
Mr. Harjeev Sethi
Ms. Jessica Sethi
Mr. Charanbir Singh Sethi
Mrs Seema Gupta
Mr. Ujjwal Gupta
Ms. Prerana Gupta
Mrs. Inderjeet Kaur
Mr. Sardar Singh Chadha
Mrs. Pritpal Kaur
Mr. Hitpreet Singh Chadha
Mr. Harvinder Pal Singh Chadha
22. As per information available with the Company, the Sundry Creditors
do not include any amount due to Micro, Small and Medium Enterprises
registered under "The Micro, Small and Medium Enterprises Development
Act".
23. Defined Benefit Plan
The Employee's Gratuity Fund scheme is managed by Trust ( Life
Insurance Corporation of India) except the Gratuity fund contibution of
Joint Ventures of the company, is a defined benefit plan. The present
value of obligation is determined based on actuarial valuation using
the Projected Unit Credit Method, which recognises each period of
service as giving rise to additional unit of employee benefit
entitlement and measures each unit separately to build up the final
obligation. The obligation of leave encashment is recognised in the
same manner as gratuity.
24. Balances of some of the parties, including some related parties,
are subject to reconciliation/ confirmation.
Jun 30, 2014
1. SHARE CAPITAL
1.1 5,00,00,000 authorised preference shares of Rs. 10 each has been
converted to 5,00,00,000 authorised equity shares of Rs. 10 each during
the year.
1.2 The Company has only one class of equity shares having a par of
value of Rs.10/- per share. Each holder of equity share is entitled to
one vote per share. In the event of liquidation of the company, the
holders of equity shares will be entitled to receive remaining assets
of the company, after distribution of all preferential amounts. The
distribution will be in proportion to the no. of equity shares held by
the shareholder.
2. SHARE APPLICATION MONEY PENDING ALLOTMENT
2.1 The Promoters have contributed the above paid sum as a
pre-condition to the CDR Scheme.
2.2 Decision to allot the share is pending. The allotment of shares to
be issued is subject to approval by the Board of Directors & Stock
Exchange. Hence, proposed date of allotment, no. of shares to be
allotted has not yet been decided.
2.3 Since the Number of shares to be alloted has not yet been decided,
sufficiency/insufficiency of the authorised share capital can not be
worked out, and hence, the share application money received over and
above the Authorised capital has not been shown under the head "Other
Current Liabilities".
2.4 The Share Application Money is not refundable.
3. Long Term Borrowings
3.1 Details of Securities of Secured Term Loans from Banks & Others
under CDR Scheme [CTL, MTL, WCTL, FITL from Banks amounting to Rs.
55374.29 Lacs & from Others amounting to Rs. 25968.78 Lacs].
A. FOR TL: IN FAVOUR OF SBP, SBH, L&T Infra, Bajaj and SREI
For WCTL: IN FAVOUR OF SBI, SBP, SBH, ICICI, Axis, IDBI, OBC, Central
Bank, IndusInd:
FOR FITL: IN FAVOUR OF SBI, SBP, SBH, ICICI, Axis, IDBI, OBC, Central
Bank, IndusInd, L&T Infra, Bajaj and SREI:
a. First charge ranking pari passu by way of mortgage on immovable
property bearing Plot No. 70, Sector-32, Gurgaon, Haryana admeasuring
2167.90 Sq. Meters and hypothecation of moveable, fixed assets both
present and future of Borrower except specific charged assets;
b. Second charge ranking pari passu by way of hypothecation and/or
pledge of current assets both present and future namely finished goods,
raw materials, work-in-progress, consumable stores and spares, book
debts, bills receivable etc.
B. Additional Security
In addition to the aforesaid securities on the Facilities, all the CDR
Lenders shall be secured further by following additional collateral
securities and shall have First charge ranking pari passu:
a. Pledge of entire unencumbered shares of the Borrower held by
promoters and promoter group which shall include following persons and
companies:
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole time Director)
v. Mr. Sanjay Gupta (Whole time Director)
vi. M/s S J Leasing & Investment Private Limited, a company registered
under the Companies Act, 1956 and having its registered office at 11
Club Drive, MG Road, Ghittorni, New Delhi-110030;
vii. M/s Bags Registry Services Private Limited, a company registered
under the Companies Act, 1956 and having its registered office at 74,
Hemkunt Colony, Opposite Nehru Place, New Delhi-110019;
b. It is acknowledged that the 10% shares of the Promoters held in
Borrower were pledged in favour of the Lenders including some Non-CDR
Lenders i.e., Barclays Bank, DBS Bank Limited, Standard Chartered Bank
who had sanctioned working capital facility prior to Cut-off Date.
Consequent upon the CDR Package, proportionate share of the Non- CDR
Lenders i.e Barclays Bank, DBS Bank Limited, Standard Chartered Bank in
the security of pledge of Promoter''s share shall be protected in
proportion of their liability towards Working Capital Facility AND
balance amount of security shall be shared among the CDR Lenders in
proportion to their liability towards the Working Capital Facility;
c. Pledge of all encumbered shares held by Borrower, Promoters and
Promoter Group which shall become unencumbered in future of all the
Special Purpose Vehicles (SPVs) namely (i) C&C Projects Limited ( no.
of shares 56304422), (ii) C&C Realtors Limited ( No. of Shares
125817254), (iii) BSC C&C Kurali Toll road Limited, (iv) North Bihar
Highways Limited ( No. of Shares 1363700), (v) Mokama Munger Highways
Limited (No. of Shares 563940), (vi) Patna Bakhtiyarpur Tollways
Limited (No.of Shares 785859), (vii) C&C Western UP Expressway Limited
(No. of Shares 25500) and (viii) C&C Towers Limited;
d. The Promoter shall provide additional security by way of mortage of
unencumbered immovable properties having valuation equivalent to Rs.
30.00 Cr. as collateral only to CDR Lenders.
C. Creation of Additional Security:
If, at any time during the subsistence of this Agreement, CDR Lenders
are of the opinion that the security provided by the Borrower has
become inadequate to cover the balance of the Loans then outstanding,
then, on CDR Lenders/Monitoring Committee advising the Borrower to that
effect, the Borrower shall provide and furnish to CDR
Lenders/Monitoring Committee, to their satisfaction such additional
security as may be acceptable to CDR Lenders/Monitoring Agency to cover
such deficiency
D. Acquisition of Additional Immovable Properties
So long as any monies remain due and outstanding to the CDR Lenders,
the Borrower undertakes to notify the CDR Lenders/ Monitoring
Institution in writing of all its acquisitions of immovable properties
and as soon as practicable thereafter to make out a marketable title to
the satisfaction of Security Trustee/Monitoring Institution and charge
the same in favour of the CAR lenders by way of first charge in such
form and manner as may be decided by the CAR Lenders.
E. Guarantee
The Borrower shall procure irrevocable and unconditional guarantee(s)
of its Promoters and Promoter Group i.e.,
a. Unconditional and irrevocable Personal Guarantees of following
Directors as part of Promoter Group,
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole Time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole Time Director)
v. Mr. Sanjay Gupta (Whole Time Director)
b. Unconditional and irrevocable Corporate Guarantee of following
companies as part of Promoter Group,
i. M/s S J Leasing & Investment Private Limited and
ii. M/s Bags Registry Services Private Limited
in favour of CDR Lenders and those Non CDR Lenders who give their
consent for restructuring on the same terms and conditions as contained
in this Agreement and other Financing Documents and Security Documents.
4. SHORT-TERM BORROWINGS
4.1 Working Capital Loan & Demand Loan are secured as follows:-
(a) First charge ranking pari passu by way of hypothecation and/or
pledge of current assets both present and future namely finished goods,
raw materials, work-in progress, consumable stores and spares, book
debts, bills receivable, etc and;
(b) Second pari-passu charge by way of mortgage of all immovable
assets, properties as per the details given in Schedule XI and
hypothecation of moveable fixed assets both present and future of the
Borrower except specifically charged assets in favour of aforesaid CDR
Lenders;
(c) The above security shall be shared on pari passu basis with Non-CDR
Lenders i.e Barclays Bank, DBS Bank Limited, Standard Chartered Bank of
pre-restructuring Working Capital Consortium alongwith on similar
condition as agreed earlier
4.2 The Borrower and CDR Lenders acknowledge that the Non-CDR Lenders
i.e Barclays Bank, DBS Bank Limited, Standard Chartered Bank have
following Existing Security Documents ( other than the existing
securities referred hereinabove for them) in their favour;
a. Unconditional and irrevocable Personal Guarantees of following
Directors as part of Promoter Group,
i. Mr. Gurjeet Singh Johar (Chairman)
ii. Mr. Charanbir Singh Sethi (Managing Director)
iii. Mr. Rajbir Singh (Whole Time Director)
iv. Mr. Amrit Pal Singh Chadha (Whole Time Director)
v. Mr. Sanjay Gupta (Whole Time Director)
b. Unconditional and irrevocable Corporate Guarantee of M/s Case
Components Industries Private Limited, a company registered under the
Companies act,1956 and having its registered office at 74, Hemkunt
Colony, Nehru Place, New Delhi.
5. OTHER CURRENT LIABLITIES
5.1 Other Liabilities includes Retention Money Payable, Security
deposit Payable, Sundry Debtors credit Balances, Payable to employees
other expenses payable, credit balances of banks due to reconciliation
etc.
5.2 Statutory Liability is subject to reconciliation.
6. OTHER CURRENT ASSETS
6.1 Long-term Trade Receivables consists of Claims filed against
Employers (Contractees).
6.2 Non-current amount of interest accrued on FDRs represent interest
receivable after 12 months.
7. SHORT-TERM LOANS AND ADVANCES
7.1 Advances includes Creditors debit balances, Advances to employees,
Prepaid Expenses and other misc advances.
7.2 Advances recovered from related parties includes an amount of Rs.
630.83 Lacs due (Previous year Rs. 630.83 Lacs) due from Directors on
account of remuneration paid in excess of the limits prescribed in
Schedule XIII of the Companies Act,1956, debited to their accounts at
the year end, on account of loss during the Previous Year ending
30.06.12.
8. REVENUE FROM OPERATIONS
8.1 During the execution of projects, claims arise on account of
various disputes with the Employers.
The contract defines the process of settlement of such claims. The
company recognizes the revenue from these claims only on receipt,
however, expenses are provided for as and when incurred.
9. CONTINGENT LIABILITIES NOT PROVIDED FOR:
A. In relation to the Company:-
Partculars 2013-14 2012-13
Claims against the Company not acknowledged
as debts. 52.03 51.96
Tax Liabilities that may arise in respect of 513.39 108.66
matters in appeal (Amount Deposited
Rs.92.94 Lacs)
Outstanding bank guarantees 24,944.20 17,594.12
Total 25,509.62 17,754.74
In case of following Special Purpose Companies (SPCs), the Company has
guaranteed and undertaken to the lenders of these SPCs to cover the
shortfall in repayment of the loan amount and payment of interest in
case of termination of Concession Agreement due to any event of default
during the currency of the loan.
- BSC-C&C Kurali Toll Road Ltd.
- C&C Towers Ltd.
- Mokama Munger Highway Ltd.
- North Bihar Highways Ltd.
- Patna Bakhtiyarpur Tollways Ltd.
10. DISCLOSURES OF RELATED PARTIES AND RELATED PARTY TRANSACTIONS:
(i) Associate Companies
A Export Pvt Ltd
Amaltas Consulting P Ltd
Bags Registry Services (P) Ltd.
BSC-C&C- JV Nepal (P) Ltd
BSC-C&C-Kurali Toll Road Ltd
C & C Corporate Services Ltd
C&C Logistics Limited
Case Cold Roll Forming Limited
Case Component Industries Pvt. Limited
Fidere Facilities Management Pvt Ltd
Fidere Investments Limited
FOS Laser SPA Pvt. Ltd
Frontier Services LLC
Frontline Innovation (P) Ltd.
Grace Developer LLC
J.D. Resort Pvt. Ltd
JBS Capital Pvt. Ltd
JBS Education Infrastructure Pvt Ltd
Jeet Properties (P) Ltd.
Kims Wardak Diagnostic Centre Pvt Ltd
Afghanistan Kinder Plume Education Pvt. Ltd
Mokama - Munger Highway Ltd
North Bihar Highway Limited
Patna Bakhtiyarpur Tollway Limited
Pelican Education Services Pvt Ltd
Pelican Educational Resources Ltd
Pelican Vocational Education P Ltd
Ruhani Realtors Pvt Ltd
N.J. Leasing & Investment (P) Limited
Sonar informs Ltd
AS Quality Certification LLP
Tel Systems Ltd
Titanium Engineering Pvt Ltd
Titanium fab-tech Pvt Ltd
(ii) Joint Ventures
BSC-C&C ''JV''
Isolux Corsan India -C&C ''JV''
ICI- C&C JV
ICI-C&C Mainpuri
JVC&C - ICI MEP JV
ISOLUX -C&C execution JV
ISOLUX -C&C transmission JV
C & C-SE "JV"
BLA-CISC-C&C ''JV''
(iii) Subsidiary Companies
C and C Projects Ltd
C&C Realtors Ltd
C&C Towers Ltd (*)
C&C Western UP Expressway Ltd
C&C (Oman) LLC
C&C Tolls Ltd
(*) Stepdown Subsidiary Company
(iv) Key Managerial Personnel (Board of Directors)
Mr. Gurjeet Singh Johar
Mr. Charanbir Singh Sethi
Mr. Rajbir Singh
Mr. Sanjay Gupta
Mr. Amrit Pal Singh Chadha
Mr. Rajendra Mohan Aggarwal
(v) Relatives of Key Managerial Personnel
Mrs. Sumeet Johar
Mr. Jaideep Singh Johar
Mrs. Aayesha Singh
Mrs. Divya Johar
Mrs. Simrita Johar
Mr. Shabadjit Singh Bawa
Mr. Tarun Sarin
Dr. Suneeta Singh Sethi
Mr. Gobind Singh Sethi
Ms. Pranavi Sethi
Mr. Rajbir Singh
Mr. Lakhbir Singh Sethi
Mrs. Sukhvinder Kaur
Mrs. Paramjeet Kaur Sethi
(v) Relatives of Key Managerial Personnel
Mr. Harjeev Sethi
Ms. Jessica Sethi
Mr. Charanbir Singh Sethi
Mrs. Seema Gupta
Mr. Ujjwal Gupta
Ms. Prerana Gupta
Mrs. Inderjeet Kaur
Mr. Sardar Singh Chadha
Mrs. Pritpal Kaur
Mr. Hitpreet Singh Chadha
Mr. Harvinder Pal Singh Chadha
11. Defined Benefit Plan
The Employee''s Gratuity Fund scheme is managed by Trust (Life Insurance
Corporation of India) except the Gratuity fund contribution of Joint
Ventures of the company, is a defined benefit plan. The present value
of obligation is determined based on actuarial valuation using the
Projected Unit Credit Method, which recognises each period of service
as giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The
obligation of leave encashment is recognised in the same manner as
gratuity.
Jun 30, 2013
1. coNtiNGeNt LiaBiLities Not ProVided for: A. in relation to the
company:- as at 30th as at 30th Particular June, 2013 June, 2012
Rs. (Lacs) Rs. (Lacs)
Claims against the Company not
acknowledged as debts. 51.96 45.43
"Tax Liabilities that may arise
in respect of matters in appeal 108.66 157.00
(Amount Deposited Rs.29.00 lacs) "
Outstanding bank guarantees 17,594.12 24,441.00
total 17,754.74 24,643.43
In case of following Special Purpose Companies (SPCs), the Company has
guaranteed and undertaken to the lenders of these SPCs to cover the
shortfall in repayment of the loan amount and payment of interest in
case of termination of Concession Agreement due to any event of default
during the currency of the loan.
- BSC-C&C Kurali Toll Road Ltd.
- C&C Towers Ltd.
- Mokama Munger Highway Ltd.
- North Bihar Highways Ltd.
- Patna Bakhtiyarpur Tollways Ltd.
2. discLosUres of reLated Parties aNd reLated PartY traNsactioNs:
(i) Associate Companies A Export Pvt Ltd
Amaltas Consulting P Ltd
Arrow Distribution (Goa) Private Ltd
Bags Registry Services (P) Ltd.
BSC-C&C (Oman) LLC
BSC-CandC- JV Nepal (P) Ltd
BSC-CandC-Kurali Toll Road Ltd
C & C Corporate Services Ltd
C&C Logistics Limited
Case Cold Roll Forming Limited
Case Component Industries Pvt. Limited
Fidere Facilities Management Pvt Ltd
Fidere Investments Limited
FOS Laser SPA Pvt. Ltd
Frontier Services LLC
Frontline Innovation (P) Ltd.
Grace Developer LLC
J.D. Resort Pvt. Ltd
JBS Capital Pvt. Ltd
JBS Education Infrastructure Pvt Ltd
Jeet Properties (P) Ltd.
Kims Wardak Diagnostic Centre Pvt Ltd
Kinder Plume Education Pvt. Ltd
Mainpuri Power Transmission Pvt. Ltd
Mokama  Munger Highway Ltd
Mudit Cement Pvt. Ltd.
North Bihar Highway Limited
Patna Bakhtiyarpur Tollway Limited
Pelican Education Services Pvt Ltd
Pelican Educational Resources Ltd
Pelican Vocational Education P Ltd
Ruhani Realtors Pvt Ltd
S.J. Leasing & Investment (P) Limited
Sonar Infosys Ltd
South East UP Power Transmission Ltd
Tel Systems Ltd
Titanium Engineering Pvt Ltd
Titanium Faab-Tech Pvt Ltd
(ii) Joint Ventures BSC-C&C ''JV''
Isolux Corsan India -C&C ''JV'' ICI- C&C JV ICI-C&C Mainpuri JV C&C - ICI
MEP JV C & C-SE "JV" C&C- Case Cold JV BLA-CISC-C&C ''JV''
(iii) Subsidiary Companies C and C Projects Ltd
C& C Realtors Ltd C& C Towers Ltd (*) C&C Western UP Expressway Ltd C&C
Tolls Ltd
(*) Stepdown Subsidiary Company
(iv) Key Managerial Personnel Mr. Gurjeet Singh Johar
Board of Directors Mr. Charanbir Singh Sethi
Mr. Rajbir Singh Mr. Sanjay Gupta Mr. Amrit Pal Singh Chadha Mr.
Rajendra Mohan Aggarwal
(v) Relatives of Key Managerial Personnel Gurjeet Singh johar ( HUF)
Ms.Sumeet Johar Mr. Jaideep Singh Johar Ms. Divya Johar Ms. Simrita
johar C.S. Sethi (HUF) Ms. Suneeta Singh Sethi Mr. Lakhbir Singh Sethi
Ms. Jessica Sethi Mr. Jwala Prashad Gupta Mr. Harvinder Pal Singh
Chadha Ms. Sukvinder Kaur Ms. Ayesha Singh Mr. Tarun Sarin Mr.
Shabadjit Bawa Ms. Indrajit Kaur Chadha
3.1 Previous year fgures are in bracket.
4. As per information available with the Company, the Sundry Creditors
do not include any amount due to Micro, Small and Medium Enterprises
registered under "The Micro, Small and Medium Enterprises Development
Act".
5. Some of Sundry Debtors, Creditors, Loans & Advances, are subject to
confrmation.
Jun 30, 2010
1. CONTINGENT LIABILITIES NOT PROVIDED FOR
As at As at
June 30th, June
2010 30th,
( Rs. Lacs) 2009
(Rs. Lacs)
a) Claims against the Company 49.97 78.37
not acknowledged as debts.
b) Statutory Liabilities that may 326.77 94.94
arise in respect of matters in
appeal
c) Outstanding bank guarantees 68515.00 51411.00
d) Outstanding letters of credit 31046.00 21041.00
e) Corporate guarantee given 26000.00 26000.00
on behalf of associates/joint
venture entities/subsidiaries
Capital Commitments
Estimated amount of Contracts (net of advances) remaining to be
executed on Capital Account and not provided for Rs 412.13 Lacs
(Rs.1295.91 Lacs )
2. The construction activities of the company are considered as a
service activity covered under para 3(II)(C) of Part-II of Schedule VI
of the Companies Act, 1956. Thus, particulars in respect of installed
capacities, licensed capacities, production, stocks and sales of fi nal
products/services are not applicable.
3. Value of imported raw material, stores and spares consumed and the
value of all indigenous raw materials, stores and spares similarly
consumed and the percentage of each to the total consumption:
4. As per information available with the Company, the Sundry Creditors
do not include any amount due to Micro, Small and Medium Enterprises
registered under "The Micro, Small and Medium Enterprises Development
Act".
5. During the year, the Company has issued 31,53,000 No. of equity
shares to Qualifi ed Institutional Buyers. Share issue expenses
amounting to Rs. 32,682,101/- have been adjusted against share premium.
6. Sundry Debtors includes Rs.619.11 Lacs (Rs. 3349.21 Lacs) amount
due from Associates Companies in which the Directors of the Company are
interested and Rs.1063.83 (Rs.5516.14 Lacs) due from Subsidiary
company. The maximum amount outstanding at any time during the year
Rs.3715.20 Lacs (3349.21 Lacs) and Rs.1063.83 Lacs (Rs, 5516.14 Lacs)
respectively.
7. HP FINANCE
Assets acquired on HP finance mainly comprise Tippers and Tractors,
Excavators, Motor Graders, Crushers and Cars. The HP finance
agreements have a primary period which is fixed and non cancellable.
There are no exceptional/restrictive covenants in the HP agreements.
8. Some of Sundry Debtors, Creditors, Loans Advances, are subject to
confirmation.
9. Previous year figures (including those given in bracket) have
been regrouped, rearranged and reclassifi ed, wherever considered
necessary, to make them comparable to the current year figures.
Jun 30, 2009
1. Contingent liabilities not provided for:
As at 30th As at 30th
June, 2009 June, 2008
( Rs. lakhs) (Rs. lakhs)
a) Claims against the Company not
acknowledged as debts. 78.37 669.20
b) Statutory Liabilities that may arise in
respect of matters in appeal 94.94 38.06
c) Outstanding bank guarantees 51411.00 26894.29
d) Outstanding letters of credit 21041.00 9769.24
e) Corporate guarantee given on behalf of
associates/joint venture entities/ 26000.00 26000.00
subsidiaries
Capital Commitments
Estimated amount of Contracts (net of advances) remaining to be
executed on Capital
Account and not provided for Rs.1295.91 (Rs. Nil lacs )
2. The construction activities of the company are considered as a
service activity covered under para 3(II)(C) of Part-II of Schedule VI
of the Companies Act, 1956. Thus, particulars in respect of installed
capacities, licensed capacities, production, stocks and sales of final
products/services are not applicable.
3. Disclosures of related parties and related party transactions:
i) Associate Companies
Jeet Properties (P) Ltd.
Bags Registry Services (P) Ltd.
Case Cold Roll Forming Limited
Case Components Limited
Case Component Industries Limited
S.J. Leasing & Investment (P) Limited
Frontline Innovation (P) Ltd.
Kims Wardak Diagnostic Centre Pvt Ltd
Mudit Cement Ltd.
BSC-C and C-Kurali Toll Road Ltd,
BSC-C&C-JV Nepal (P) Ltd
C & C Corporate Services Ltd
ii) Joint Ventures
BLA-CISC-C&C JV
BSC-C&C JV
C & C-SE "JV"
iii) subsidiary companies
C & C Projects Ltd
C & C Towers Ltd*
(iv) Key Managerial Personnel Board of Directors
Mr. G.S. Johar
Mr. C.S. Sethi
Mr. Rajbir Singh
Mr. Sanjay Gupta
Mr. A.P.S. Chadha
Mr. R.M. Aggarwal
v) Relatives of Key Managerial Personnel
C.S. Sethi (HUF)
Ms. Suneeta Singh Sethi
Ms. Sumeet Johar
Ms. Inderjit Kaur Chadha
Ms. Sukhvinder Kaur
Mr. Jaideep Singh Johar
Gurjeet Singh Johar ( HUF)
Ms. Divya Johar
Ms. Simrita Johar
Mr. Lakhbir Singh Sethi
Ms. Jessica Sethi
Mr. Jwala Prashad Gupta
Mr. Harvinder Pal Singh Chadha
4. As per information available with the Company, the Sundry Creditors
do not include any amount due to Micro, Small and Medium Enterprises
registered under ÃTe Micro, Small and Medium Enterprises Development
Act".
5. Some of Sundry Debtors, Creditors, Loans & Advances, are subject to
confrmation / reconciliation.
6. Sundry Debtors includes Rs.3349.21 Lacs (Rs.554.48 Lacs ) amount
due from Associates Companies in which the Directors of the Company are
interested and Rs. 5516.14 lacs due from Subsidiary company. Te
maximum amount outstanding at any time during the year Rs.3349.21 lacs
and Rs.5516.14 lacs respectively.
7. Previous year fgures (including those given in brackets) have been
regrouped, rearranged and reclassifed, wherever considered necessary,
to make them comparable to the current year figures.
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