CRC Carrier Ltd.

YEAR                       EVENTS
 1986 - Central Roadlines Corporation Limited was incorporated on
        19th June, as a private limited company and was converted into
 a 
        public limited company on 21st February, 1994.  The main
 object
        of the company is Transport Business.
 
      - M/s. Central Roadlines Corporation a partnership firm involved
 in
        similar work was taken over by the company under an agreement
        dated 1st April 1993.  It was promoted by Ghanshamdas
 Radhamohan
        Agarwal.  The company operates through a branch network
        consisting of 36 branches at all the important industrial
 cities, 
        metro cities and port towns of India equipped with modern
        infrastructural facilities such as telecommunication, telex,
 fax
        supported by a fleet of specially designed vehicles and
 trailers
        of various capacities capable of carrying smallest package of
 50
        kg. as well as heavy equipment of 150 tonnes.
 
      - In the field of heavy project transportation, various allied 
        activities such as jelly construction, identification of
 routes
        and different modes of transportation and construction of by
 pass
        near bridges are some of activities of the company.
 
      - The company undertook to expand its transportation fleet by 
        importing 24 nos. hydraulic axles and two nos.  Prime moves
 from
        Germany, besides adding ten numbers Indian made hippos with
        toolleys.
 
 1994 - 16,02,500 No. of equity shares of Rs. 10 each issued to 
        promoters, directors etc. 13,98,000 No. of equity shares were
        issued at a premium of Rs. 20 per share on 14th November of
 which
        6,13,000 shares issued to promoters, directors and their
 friends
        on a firm basis.  Of the balance, 35,000 shares were issued
 for
        allotment on a preferential basis to employees (only 31,600
        shares taken up).  Remaining 7,50,000 shares along with 3,400
 
        shares not taken up by employees' were issued to the public
 (all
        were taken up).
 
 1997 - 30,00,500 rights equity shares of Rs 10 each (prem. Rs 30) 
        issued.  13%-1,50,000 redeemable pref. shares allotted on
 private
        placement basis.
 
      - The company's scrip is currently being quoted around Rs. 32
        while the offer price is Rs. 40. The post-rights equity will
 be
        Rs. 6 crore.  The issue which opened on December 22, closes
 on
        January 7, 1998.
 
 1998 - The Company also allotted on 21/02/98 and issued 13%
 Redeemable
        Cumulative Preference Shares of Rs. 100/- each aggregating
 Rs.
        1,50,00,000/- on private placement basis.
 
      - Due to slow-down of the Industrial/Infrastructural development
 in
        the country, performance of the Company during the year has
 not
        been as expected in comparison to the previous year.
 
      - During the year, the Company has increased the fleet strength
 and
        set up other supportive facilities in anticipation of
 industrial 
        and infrastructural development.
 
      - During the year, the economic liberalisation programme had a
        setback due to political uncertainties whereby many core
 sector
        projects did not take off as expected resulting in slow-down
 in
        the Industrial/Infrastructural development.
 
 1999 - Due to continued slackness in the industrial growth and
        postponement of several core sector projects, the Company has
        witnessed fall in its turnover during the year.
 
 2000 - No news.