1 Corporate information
 
 CPEC Ltd is in the business of solar power and implementing 5 mw solar
 power project in the state of Gujarat under the associate company Euro
 Solar Power Pvt ltd . CPEC ltd is operating from Mumbai having
 registered office at 505,Sai Samarth Business Park, Deonar Road,
 Mumbai- 400088, Maharashtra.
 
 2.  The company made investment in S. J. Green Park Pvt. Ltd. for
 implementation of 5 MW solar project in the state of Gujarat. The
 company sold its investment in S. J. Green Parks Pvt. Ltd , resulting
 in net loss of Rs.Rs.3.2 Cr.However, the company made gains of Rs. 3.30
 Cr. on sale of 41 acres of land to the promoters of S.J.Greenpark P
 ltd.
 
 3. The company has made investment in Euro Solarpower Pvt. Ltd and
 holding controlling rights. The said company is implementing 5MW solar
 power project in the state of Gujarat.
 
 4.  The investments are stated at cost. Provisions for diminution in
 the value of the investments will be made only if such decline is other
 than temporary in the opinion of the management.
 
 Moulik Impex Pvt. Ltd. a subsidiary company is not carrying out any
 business activity.
 
 discharge of their liability to the bank since their was a common
 mortagage of company.s property at Lalbaug which was sold in the last
 financial year. Accordingly to the management the amounts are
 recoverable .
 
 (a) Amount invested in Artheon Teleservices Pvt. Ltd. for which shares
 has yet to be alloted.
 
 (i) The Advances in the course of business given to two related
 parties of Rs. 2.15 crs and Rs.7.4 lacs respectively has been
 outstanding for more than 2 years and as per management opinion it is
 not receivable and hence written off in the current year.
 
 Description of relationship Details of related parties:
 
 Holding Company CPEC Ltd
 
 Subsidiaries Moulik Impex Pvt. Ltd.
 
 Associates Euro Solar Power Pvt. Ltd.
 
 Key Management Personnel (KMP) Mr Akbar Shamji , Alim Shamji , Ryaz
 Shamji and
 
 Mrs. S H Master Relatives of KMP Mrs. Samina Shamji
 
 Entities in which KMP/relatives of KMP have Barayu/Golden
 Rose,Excavator,Amenti Food
 
 significant influence Processing,Golden Agro Farms Ltd.,Llion net
 
 Ltd.,Stonefield construction PLC.  Note: Related parties have been
 identified by the Management