Notes to Accounts of Central Provinces Railways Company Ltd.

Mar 31, 2018

Rights & restriction attached to equity shareholders

The Company has only one class of equity shares having a face value of Rs. 10/- each. Every Shareholder is entitled for one vote per share. .In the event of liquidation, the equity shareholders are entitled to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

Note 1: The Company does not owe any sum to Small Scale Industrial Undertakings.

Note 2: Contingent Liabilities

The Company has disowned the liability on the ground that these liabilities being in the nature of replacement are to be borne by the Central Railway, as per the Contracts. But in spite of disowning the liability by your Company, the Central Railway has adjusted an amount of Rs.2,30,12,005/- being the railway earnings of your Company for the period from October, 2002 to 31st March, 2018. Hence, your Company thought it proper and as an abundant caution and not to harm the interest of shareholders of the Company and therefore decided not to include the said Income from railways amounting to Rs.6,64,703/- in the Accounts for the year ended 31st March, 2018

As per the terms of agreement between the Company and the then Secretary of State for, the Construction and Working of Ellichipur Murtajapur Yeotamal Railway and Pulgaon-Arvi Railway the said Secretary of State (now the Railway Board) has a right to terminate the contract by purchasing the assets of the Company at a price which shall not be less then the total capital cost incurred by the Company. In view of the said contract, no provision for depreciation or impairment of asset is deemed necessary.

Note 3: Related Party Disclosure

Related Party Disclosure under AS-18 issued by the Institute of Chartered Accounts of India. The Management has informed that all the transactions entered during the previous year with various parties do not fall within the purview of the Accounting standard 18 "Related Party Transaction" issued by the Institute of Chartered Accountants of India.

Note 4: No provision for Contingent Liabilities, if any has been made in these accounts. Note 18: Figures have been rounded off to the nearest rupee.

Note 5: Previous year’s figures have been regrouped & rearranged wherever necessary.

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Mar 31, 2016

Note 1: The Company does not owe any sum to Small Scale Industrial Undertakings.

Note 2 : During the year the Company had complied with the requirements / documentation for reduction of its share capital from 9,40,000 equity shares of Rs. 10/- each to 56,400 equity share of Rs. 10 each.

Note 3: Contingent Liabilities

Contingent Liabilities have been not provided in the books of accounts for the balance claim on 01.04.2015 amounting to Rs. 2,28,01,466/- by Central Railway as regards to the Capital Expenditure which have been incurred by central railway in the year 2003 on behalf of the company. Central Railway adjusted the share of income accrued for the current financial year of Rs 6,90,802/- being the Company''s share of income adjusted by them and not treated by the Company as income. The balance claim amount as on 31.03.2016 is Rs. 2,21,10,664 /-.

As per the terms of agreement between the Company and the then Secretary of State for, the Construction and Working of Ellichipur Murtajapur Yeotamal Railway and Pulgaon-Arvi Railway they said Secretary of State (now the Railway Board) has a right to terminate the contract by purchasing the assets of the Company at a price which shall not be less than the total capital cost incurred by the Company. In view of the said contract, no provision for depreciation or impairment of asset is deemed necessary.

Note 4 : Related Party Disclosure

Related Party Disclosure under AS-18 issued by the Institute of Chartered Accounts of India. The Management has informed that all the transactions entered during the previous year with various parties do not fall within the purview of the Accounting standard 18 "Related Party Transaction" issued by the Institute of Chartered Accountants of India.

Note 5: No provision for Contingent Liabilities, if any has been made in these accounts. Note 19: Figures have been rounded off to the nearest rupee.

Note 6: Previous year’s figures have been regrouped & rearranged wherever necessary.

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Mar 31, 2015

1. The Company does not owe any sum to Small Scale Industrial Undertakings.

Note 17: During the year the Company had filed the petition for reduction of its share capital from 9,40,000 equity shares of Rs. 10/- each to 5,64,000 equity share of Rs. 10 each to reduce its accumulated losses of Rs. 88,36,000/- out of total loss Rs. 1,43,67,329/- as on 31st March 2014.

2. Contingent Liabilities

Contingent Liabilities have been not provided in the books of accounts for the balance claim on 01.04.2014 amounting to Rs. 2,36,97,942/- by Central Railway as regards to the Capital Expenditure which have been incurred by central railway in the year 2003 on behalf of the company. Central Railway adjusted the share of income accrued for the current financial year of Rs 8,96,476/- being the Company's share of income adjusted by them and not treated by the Company as income. The balance claim amount as on 31.03.2015 is Rs. 2,28,01,466/-.

As per the terms of agreement between the Company and the then Secretary of State for, the Construction and Working of Ellichipur Murtajapur Yeotamal Railway and Pulgaon-Arvi Railway the said Secretary of State (now the Railway Board) has a right to terminate the contract by purchasing the assets of the Company at a price which shall not be less then the total capital cost incurred by the Company. In view of the said contract, no provision for depreciation or impairment of asset is deemed necessary.

3. Related Party Disclosure

Related Party Disclosure under AS-18 issued by the Institute of Chartered Accounts of India. The Management has informed that all the transactions entered during the previous year with various parties do not fall within the purview of the Accounting standard 18 "Related Party

4. No provision for Contingent Liabilities, if any has been made in these accounts. Note 22: Figures have been rounded off to the nearest rupee.

5. Previous year's figures have been regrouped & rearranged wherever necessary.

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Mar 31, 2014

Note 1: The Company does not owe any sum to Small Scale Industrial Undertakings.

Note 2: Contingent Liabilities

Contingent Liabilities have been not provided in the books of accounts for the balance claim on 01.04.2013 amounting to Rs.24,436,914/- by Central Railway as regards to the Capital Expenditure which have been incurred by central railway in the year 2003 on behalf of the company. Central Railway adjusted the share of income accrued for the current financial year of Rs 738,972/- being the Company''s share of income adjusted by them and not treated by the Company as income. The balance claim amount as on 31.03.2014 is Rs.23,697,942/-.

As per the terms of agreement between the Company and the then Secretary of State for, the Construction and Working of Ellichipur Murtajapur Yeotamal Railway and Pulgaon-Arvi Railway the said Secretary of State (now the Railway Board) has a right to terminate the contract by purchasing the assets of the Company at a price which shall not be less then the total capital cost incurred by the Company. In view of the said contract, no provision for depreciation or impairment of asset is deemed necessary.

Note3: As per the terms of agreement between the Company and the then Secretary of State for, the Construction and Working of Ellichipur Murtajapur Yeotamal Railway and Pulgaon-Arvi Railway the said Secretary of State (now the Railway Board) has a right to terminate the contract by purchasing the assets of the Company at a price which shall not be less than the total capital cost incurred by the Company. In view of the said contract, no provision for depreciation or impairment of asset is deemed necessary.

Note4: Related Party Disclosure

Related Party Disclosure under AS-18 issued by the Institute of Chartered Accounts of India. The Management has informed that all the transactions entered during the previous year with various parties do not fall within the purview of the Accounting standard 18 "Related Party Transaction" issued by the Institute of Chartered Accountants of India.

Note5: No provision for Contingent Liabilities, if any has been made in these accounts.

Note6: Figures have been rounded off to the nearest rupee.

Note7: Loans & Advances are subject to confirmations.

Note8: Previous year''s figures have been regrouped & rearranged wherever necessary.

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Mar 31, 2013

1. As per the terms of agreement between the Company and the then Secretary of State for, the Construction and Working of Ellichipur Murtajapur Yeotamal Railway and Pulgaon-Arvi Railway the said Secretary of State (now the Railway Board) has a right to terminate the contract by purchasing the assets of the Company at a price which shall not be less then the total capital cost incurred by the Company. In view of the said contract, no provision for depreciation or impairment of asset is deemed necessary.

2.The Company had granted in earlier year an unsecured interest bearing loan to M/s. Killick Nixon Limited amounting to Rs. 20,00,000/-.Interest on the said loan is not being received, accordingly no provision has been made for interest on the said inter corporate loan w.e.f. 1st April, 2005 in terms of resolution passed by the Board of Directors on 21st January, 2006.

3. Related Party Disclosure

Related Party Disclosure under AS-18 issued by the Institute of Chartered Accounts of India. The Management has informed that all the transactions entered during the previous year with various parties do not fall within the purview of the Accounting standard 18 "Related Party Transaction" issued by the Institute of Chartered Accountants of India.

4. No provision for Contingent Liabilities, if any has been made in these accounts.

5. Figures have been rounded off to the nearest rupee.

6. Loans & Advances and Debtors are subject to confirmations.

7. Previous year''s figures have been regrouped & rearranged wherever necessary.

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Mar 31, 2012

A) Business

The Central Provinces Railways Company Limited is public limited fisted company. Company Isintha business of transportation through railways. The Central Provinces Railways Company Limited

- Impairment of Auati Wlwnt carrying amount of f xed assets exceeds the recoverable amount on the reporting date, the earning amount is reduced to the recoverable amount The recoverable amount is measured as Ihe higher of tie net sating price ant tie value is use determined by die present value of estimated future cash tow.

1 The Company does not owe any sum to Small Scale Industrial Undertakings.

2 Contingent Labilities

Claims against the Company by Central Railway for Capital Expenditure claimed to have been incurred fey fiem on behalf of the - company Rs.2.0S.00,474r* (Rt.2,30.18.360/*) - Net of Rs. 1,86.16,135/»(Rs-1,80,9e,249f'= (being the Company's share of income for the period 1.10.2002 to 31.3.2012 adjusted by tiem and not treated by he Company as income.

3 As per the terms of agreement between the Company and the Ihen Secretary of Sta^ tor. trie Coristrucion and Worting of Blcrspur Murtajapur Yeotamal Railway and Pulgaon-Arvi Railway the said Secretary of State (now the Raiway Board) has a right to terminate the contract by purchasing the assets of Ihe Company at a price which shall not be less then Ihe total capM cost incurred by the Company. In view of tie said contract, no provision for depreciation or impairment of asset is deemed necessary.

4 The Company had granted in earlier year an unsecured Interest bearing loan to M/s- KMck Ninon United amounting to Rs. 20,00.000/-. Merest on tie said loan is not being received, accordingly no provision has been rriade for irteresl on tie said intercorporate loan w.e.f. 1st April. 2005 in terms of resolution passed by tie Board of Directors on 21st January, 2008.

5 Reimbursement of administrative expenses of Rs.1,12,182/- (Previous Year Rs. 54,000/-) representor amount reimbursed to KUick rNixon Limited torn 01.04.2011 to 31.03.2012 towards the cost of services of their staff for carrying out tie Company's day to day work.

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Mar 31, 2010

A) Business

The Central Provinces Railways Company Limited is public limited listed company. Company is in the business of transportation through railways.

No provision for Contingent Liabilities, if any has been made in these accounts.

Figures have been rounded off to the nearest rupee.

Loans & Advances and Debtors are subject to confirmations.

Previous years figures have been regrouped & rearranged wherever necessary.

Company is in the process of identification of unclaimed dividend and as such amount wherever required is not transferred to Investor Education and Protection Fund.

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Mar 31, 2009

1 Contingent Liabilities

Claims against the Company by Central Railway for Capital Expenditure claimed to have been incurred by them on behalf of the company Rs.25820167/= (Rs2,78,49508/=)- Net of Rs.l0639825/=(Rs- 86,10485/= )being the Companys share of income for the period 1.10.2002 to 31.3.2009 adjusted by them and not treated by the Company as income.

2 As per the terms of agreement between the Company and the then Secretary of State for,.the Construction and Working of Ellichipur Murtajapur Yeotamal Railway and Pulgaon-Arvi Railway the said Secretary of State ( now the Railway Board) has a right to terminate the contract by purchasing the assets of the Company at a price which shall not be less then the total capital cost incurred by the Company. In view of the said contract, no provision for depreciation or impairment of asset is deemed necessary.

3 The Company had granted in earlier year an unsecured interest bearing loan to M/s. Killick Nixon Limited amounting to Rs. 20,00,000/-. Interest on the said loan is not being received, accordingly no provision has been made for interest on the said intercorporate loan w.e.f. 1st April, 2005 in terms of resolution passed by the Board of Directors on 21st January, 2006.

4 Reimbursement of administrative expenses of Rs. 54,000/- (Previous Year Rs. 54,000/-) represents the amount reimbursed to Killick Nixon Limited from 01.04.2008 to 31.03.2009 towards the cost of services of their staff for carrying out the Companys day to day work.

5 Related Party Disclosure

Related Party Disclosure under AS-18 issued by the Institute of Chartered Accounts of India

The Management has informed that all the transactions entered during the previous year with various parties do not fall within the purview of the Accounting standard 18 "Related Party Transaction" issued by the Institute of Chartered Accountants of India.

6 The company has only one revenue segment.

18 Statutory information

No provision for Contingent Liabilities, if any has been made in these accounts.

Figures have been rounded off to the nearest rupee.

Loans & Advances and Debtors are subject to confirmations.

Previous years figures have been regrouped & rearranged wherever necessary.

Company is in the process of identification of unclaimed dividend and as such amount wherever required is not transferred to Investor

Education and Protection Fund.