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Commercial Engineers & Body Builders Co Ltd. Company History and Annual Growth Details

The Company was incorporated as a private limited company with the name 'Commercial Engineers & Body
Builders Co Private Limited' on September 28, 1979. It commenced business in 1979. Its name was changed to
'Commercial Engineers & Body Builders Co Limited' on March 25, 2010, reflecting the change in the constitution
of the Company from a private limited company to a public limited company under the Companies Act, 1956,
pursuant to a special resolution of the shareholders of the Company at an extraordinary general meeting held on
March 18, 2010. The fresh certificate of incorporation consequent upon the change of name was granted on March
25, 2010 by the RoC.

Major Events:

Date Event

January 29, 1996
The Company executes an agreement with Madhya Pradesh Windfarm Limited for the setting up of a single wind electricity generating unit.

October 2005

Mr. Ajay Gupta joins the Company as an Additional Director.

2005-2006

(i) The Company commenced commercial production at the Mandla Factory, then leased
from Kailash Auto Builders.

(ii) The Company entered into a Technical Know-How Agreement with a Thai company
called Cho Thavee Dollasien Co. Ltd. for the production of heavy vehicles such as tippers,
umpers and trailers under the combined trademark 'CTVCEBBCO'. For further details as
to this agreement, refer to 'Strategic Alliances' in this Section of the Draft Red Herring
prospectus.

August 1, 2007

NYLIM, a private equity fund, invested in the Company pursuant to the NYLIM SHA
under which the Company allotted 3,000 mandatorily convertible Preference Shares of face
value of Rs. 100 each at a premium of Rs. 99,900 to NYLIM. The funds were used for
expansion of the Companys Richhai Factory I and Mandla Factory and the establishment
of new factories. These Preference Shares were subsequently converted to Equity Shares
(see below in the entry against December 25, 2007).

September 1, 2007

The shareholders of the Company in EGM passed a resolution approving the Scheme of
De-Merger in draft form proposed to be presented before the BIFR (see below in the entry
against August 18, 2008).

December 25, 2007

Pursuant to the NYLIM SHA the Company allotted 142,789 Equity Shares at a premium of
Rs. 2001 each to NYLIM upon conversion of the 3,000 Preference Shares allotted to
NYLIM on August 1, 2007.

August 18, 2008

BIFR sanctioned the Scheme of De-Merger pursuant to which the Mandla Factory was de-
merged from Kailash Auto Builders Private Limited and transferred to the Company in
exchange for 11,835 Equity Shares to be allotted to shareholders of Kailash Auto Builders
Private Limited, further details of the Scheme of De-Merger are provided further below in
this section of the Draft Red Herring Prospectus.

2007-2008

The Company began expansion and modernization of the Richhai Factory I and the Mandla
Factory.

2008

The Company won the 'Best Medium Enterprise of the Year, 2008' awarded by Dun &
Bradstreet in association with Fullerton India.

The Company was awarded the 'Excellence Award, 2008' in the Small and Medium
Enterprises Category by Corporation Bank under the Corp Exel Awards instituted by
coration Bank for small and medium enterprises.

November 2008

(i) The Company commenced commercial production at the Indore Factory.
(ii) The Company received its first order for supply of trailers from Asia MotorWorks
Limited.

2008-2009

(i) The Company commenced activities in the railways division.
(ii) The Company commissioned robotic welding lines at Richhai Factory I.
(iii) The Company was accorded ISO/TS 16949:2002 accreditation by TUV SUD
Management Service GmbH.

December 12, 2008

The Company obtained its first purchase order from the Indian Railways for supply of 290
Side- Walls and End- Walls.

December 16, 2008

The Scheme of De-Merger was filed with the RoC and came into effect retrospectively
from March 31, 2007.


February 6, 2009

The Company received its first order for supply of refrigerated containers from Hino
Motors Sales India Private Limited, a group company of the Toyota Group.

March 2009

The Company commenced commercial production at Richhai Factory II.

April 20, 2009

The Company received a purchase order for supply of long hood structures from Diesel
Locomotive Works.


May 27, 2009

The Company entered into a Technical Know-How Agreement with a French company by
the name of Le Capitaine for the manufacture of vehicles fitted with refrigerated bodies and
refrigerated containers. For further details as to the Le Capitaine Agreement, refer to
'Strategic Alliances' in this section of the Draft Red Herring Prospectus.

August 10, 2009

The Company obtained an order from the Indian Railways for the upgradation of 250
BOXN wagons.


September 2, 2009

The Company obtained an order from the Indian Railways for supply of 200 Side- Walls
and End- Walls.

September 23, 2009

The Company obtained performance certificate from Wagon Repair Shop, Kota for
successfully supplying Side- Walls, End- Walls within the due date of delivery and in
accordance with specifications..

September 28, 2009

The Company entered into the Joint Project Agreement with Mithila Motors for operation
of the Jamshedpur Factory. For further details as to the Joint Project Agreement, refer to
'Strategic Alliances' in this Section of the Draft Red Herring Prospectus.

November 6, 2009


(i) The Company obtained an order from the Indian Railways for the upgradation of 200
BOXN wagons.

(ii) The Company has entered into a power purchase and wheeling agreement with M. P.
Power Trading Co. Ltd. and M. P. Wind Farms Limited for captive use of the energy
generated from its wind electricity generating unit of 225 KW located at No. 35, Village
Jamgodrani, District Dewas.

December 2009

The Company commenced commercial production at the Jamshedpur Factory.

The Company set up a refrigerated van manufacturing facility at the Richhai Factory
II, which is currently under trial run.

The Company received approval for its Quality Assurance Plan from the RDSO for
fabrication of End -Walls, Side-Walls and flap doors of BOXNR Wagons.

December 4, 2009

Integral Coach Factory assesses the Company and finds that it possesses adequate facilities in terms of machinery and man power to manufacture and supply the following items:
(i) LHB Side-Wall and roof assemblies to ICF MD Spec-200 Rev. - 02;
(ii) car line pillars.

The Company appoints Mr. Pradeep Gupta, who has over 30 years of experience in
project management, manufacturing, marketing, product engineering, quality assurance,
vendor development and export execution in the Railway industry, to head its business in
the railways division.

January 18, 2010

Company received its first order for supply of tippers from Man Force Trucks Private
Limited.

February 15, 2010

Companys Quality Management Systems compliance with ISO 9001:2008 standards
certified by Moody International Certification Limited.

March 2010

Company nominated for the award of 'Truck Application Builder' of the year by CV
Magazine.