JL/48/AP03/00298/E

MKTG/07/QR/02

15-JUN-2010

MADHUCON PROJECTS LIMITED SIMHAPURI ENERGY PRIVATE LIMITED TAMMENAPATNAM MOMMIDI VILLAGES CHILLAKAR MANDAL SPSR NELLORE (DT) 0 Dear Sir(s)/Madam, Sub : Quotation for Supply and Erection of TWO No(s) "JOHNSON" (2000 Kgs) GOODS lift for your Building/Project at SIMHAPURI ENERGY PRIVATE LIMITED,TAMMENAPATNAM MOMMIDI VILLAGES,CHILLAKAR MANDAL SPSR NELLORE (DT),0 Enquiry received through JOHNSON LIFTS PVT. LTD, VIJAYAWADA (A)

Ref :

With reference to the above,we are pleased to furnish hereunder our quotation for supply and Erection of TWO No(s). "JOHNSON" Persons '(2000 Kgs) passenger lift for your Building/Project at SIMHAPURI ENERGY PRIVATE LIMITED , TAMMENAPATNAM MOMMIDI VILLAGES , CHILLAKAR MANDAL,SPSR NELLORE (DT) , 0 We trust our offer will receive your favourable consideration and acceptance. In this connection we wish to inform you that the lift we offered is completely of indigenous make. We have already supplied and installed a number of lifts in India and these are working satisfactorily We also take this opportunity of drawing your kind attention to the fact that the lift we have offered is being manufactured in Chennai and Nagpur and we also have a full fledged service department at (VIJAYAWADA), where we have trained and experienced personnel capable of giving satisfactory after-sales-service. Further, we keep a reasonably good stock of spare parts, which will be of considerable assistance to us in rendering prompt service to our lifts when required. We are mentioning all these facts as we are sure you will appreciate the importance of prompt after-sales-service to Electro-Mechanical equipments like Lifts, which can cause considerable annoyance to the owners and users if efficient service is not readily available. Please return the original and duplicate copy of this quotation duly signed in token of your acceptance of our offer together with advance payment at the earliest and the duplicate copy shall be returned to you after the signature from our head office. We trust you will find our offer quite competetive and in case, you require any further clarification, please do not hesitate to communicate with us. Assuring you of our best services, Thanking You, Yours faithfully, for JOHNSON LIFTS PRIVATE LIMITED,

Johnson Lifts Private Limited

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Branch Office : Gf-1 Revenue Colony ,Surya Satya ApartmentsSiddhartha Nagar, ,Vijayawada, Andhrapradesh , 520010

MADHUCON PROJECTS LIMITED SIMHAPURI ENERGY PRIVATE LIMITED TAMMENAPATNAM MOMMIDI VILLAGES CHILLAKAR MANDAL SPSR NELLORE (DT) 0

JL/48/AP03/00298/E/A01 15-JUN-2010

LIFT SPECIFICATION
Number Of Lifts/Type Of Lift Load / Speed Drive Travel Number Of Floors Number Of Landing Entrances Number and Position of Car Entrances Position Of Machinery Size of Lift Well Lift Car Inside Size Type or Design of Lift Car Additional Car Spec Car Ceiling - Car Floor Car Fittings Type Of Car Entrance Protection Type Of Landing Entrance Protection Type of Landing Door Frame Additional Door Spec Clear opening of Gates / Doors Type Of Control System Electric Supply Delivery Period / Time Of Erection Special Inclusions
: : : : : : : : : : TWO / GOODS BASIC - GOODS Persons (2000Kgs.) / 1.00 Mtr. Per Second MICRO PROCESSOR BASED VVVF 49 METER 6 (GROUND + 5 UPPER FLOORS) 6 (GROUND + 5 UPPER FLOORS) 1 (ONE), IN FRONT ONLY Directly Above The Lift Well 2800 X 3000 (MM Wide * MM Depth) 1700 X 2500 (MM Wide * MM Depth)

: Stainless Steel (1.6 Mm) - Hairline Finish :

: Standard - Ss Hairline Finish -S.S. Cheq. Plate Flooring

Indirect Fluorescent Light & Regular (Circular) - 1 Fan

: Power Operated Centre Opening Sliding Door - Stainless Steel (1.6 Mm) Hairline Finish : Centre Opening Sliding Door - Stainless Steel (1.6 Mm) - Hairline Finish : Stainless Steel (1.6 Mm) - Hairline Finish : Epoxy Paint For All Ms Parts : 1500 X 2000 (MM Wide * MM Height) : Microprocessor Based Simplex Selective Collective Control With / Without Attendent : AC 400/440 VOLTS, 3 PHASE, 50 CYCLES : 5MONTHS / EX-WORKS / 6 WEEKS

: REFER ANNEXURE

for JOHNSON LIFTS PRIVATE LIMITED Accepted By............................................ (Signature with Seal and Date) Head Office : No.1 East Main Road, Annanagar Western Extn., Chennai 600 101.

Authorised Signatory

Johnson Lifts Private Limited

JL/48/AP03/00298/E/A01

15-JUN-2010

DELIVERY SCHEDULE
DELIVERY: We anticipate that we would be in a position to fabricate all the components required for this lift in about (5) ( FIVE MONTHS) , Ex-works, after receipt of your full and final instructions and approval of the General Arrangement Drawing which will be furnished by us within 5 weeks on receipt of your order together with advance. ERECTION: In our Quotation we have included for erecting the lift components and all skilled and unskilled labour necessary to complete the erection, wiring and testing of the lift. The erection period shall be reckoned from the date on which the lift well is handed over to us after all civil portion of the work has been completed. The time required to complete the erection work is (6) (SIX WEEKS). If the handing over of the site as specified in clause above is delayed from your side then the supply and installation will be deferred so as to synchronize with the site completion. In view of this, you will have to grant us the necessary extension in the completion period without imposition of any conditions. We do not take any responsibility for delayed delivery or handing over of the lift, if the terms of payment are not observed or if your obligations as specified under preparatory work are not fulfilled in time or if formalities are delayed due to non-payment of fees or if necessary technical details are missing or the approved layout drawings, etc. are not received by us in time without prejudice to our claims under this contract. The above delivery and erection periods are given in good faith based on present day working conditions and are subject to extension to cover delays due to Force Majeure conditions. You shall not be entitled to claim damages for any loss directly or indirectly due to delay in delivery. RECONDITIONING / REPLACEMENT OF MATERIALS : In case of materials / components supplied by us whether installed or not,are required to be reconditioned / replaced at a later date due to a. b. c. d. Non-availability of power supply or other incomplete work by you. Damages on account of improper storage space provided by you. Force majeure conditions. Theft or pilferage from the work site,the Cost should be payable by you on demand .

HANDING OVER : To minimize inconvenience to both the parties, you agree to take over the lift as soon as the erection is completed, our erection crew will test and adjust the lift and will give you about a week's prior notice for your taking over the lift. Please note that our erectors have instructions not to allow customer usage of the lift until they are officially taken over.

Johnson Lifts Private Limited

JL/48/AP03/00298/E/A01 15-JUN-2010

TERMS AND CONDITIONS

PAYMENT TERMS : 30% of the contract value with the order 30% of the contract value alongwith applicable taxes on receipt of advice from us for taking up production. 30% of the contract value alongwith applicable taxes immediately on receipt of materials. 10% plus or minus any adjustments required, immediately on completion of erection or in any case within six months of delivery of materials if erection is delayed due to reasons beyond control. Partial Supplies when made, Payment shall be on pro-rata as above. For the purpose of payment each lift will be treated as a separate contract. We reserve the right to discontinue the work at any time until payments are made as agreed and we have satisfactory assurance to us that the subsequent payments will be made as they fall due. CANCELLATION OF CONTRACT : In the event of cancellation of contract, we shall be charging you as follows: a) 10% of the contract value if the order is cancelled before the general arrangement drawing is prepared. b) 25% of the contract value if the order is cancelled within a month after the general arrangement drawing is approved. c) 40% of the contract value if the order is cancelled after 4 months of the approval of the general arrangement drawing. d) 90% of the contract value if the order is cancelled after the materials have been delivered at your site. TERMINATION: a) In case the supply of lift materials is not completed within 75 weeks from the date of conclusion of the contract due to default or delay in compliance of any terms of the contract by customer, company shall be at liberty any time thereafter to offer a revised time schedule for execution of the contract revised price and payment terms. b) In case customer does not accept the revised offer made in accordance with clause (a) within 4 weeks of such revised offer, company shall be at liberty to treat the contract as cancelled by customer and proceed in accordance with the above cancellation of contract. TITLE TO PROPERTY: Any material supplied by us shall remain our property until payment is received in full and the lift is handed over. We reserve the right to remove any equipment supplied by us at your cost in case of default of any payment by you, irrespective of the manner of attachments to the reality, sale, mortgage or lease of the premises. VALIDITY : Unless otherwise specified, our quotation is effective for (30) days from the date of offer and thereafter it is subject to change or withdrawal without notice at our sole discretion.

Johnson Lifts Private Limited

JL/48/AP03/00298/E/A01

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PRICE ADJUSTMENT:

15-JUN-2010

The price quoted by us will be kept valid for acceptance for 30 days from the date of this quotation.The agreed contract price which is subject to adjustment as per IEEMA Price Adjustment Provision included in the contract shall be valid for the original contract period of completion and additional period of 12 months. Should the said period be extended beyond this stipulated time due to: (i) failure on your part to effect all advance payment as per agreed payment schedule; (ii) failure on your part to provide or approve drawings required for the manufacture of the contract; (iii) delay in completion of hoistway and machine room; (iv) force majeure conditions, we will submit for your acceptance the current price prevailing at the time materials are required, and on its acceptance by you, we will programme the supply and installation of the equipment. In the absence of your acceptance of the revised price and payment of additional advance that may become due, we may at our option, cancel the order with a cancellation charge. TAXES & DUTIES : All taxes and duties applicable at the time of supply will be leviable and payable on demand. ARBITRATION: In case of any dispute between us the matter shall have to be settled by arbitration in Chennai and courts in Chennai city shall have exclusive jurisdiction. WARRANTY A. GUARANTEE: The equipment offered are covered by our usual guarantee for One Year from the date of handing over the Lift in good working condition and our liability under this guarantee include factored items repair or replacement of all defective parts if any, which may prove faulty during this period including such parts as may be rendered inoperative by wear-and-tear but exclude such parts as may be rendered inoperative by vandalism. B. FREE SERVICE: Periodical Service for the first 12 months will be carried out after the Lift has been handed over or offered for inspection. The date of commencement of free service will remain unchanged irrespective of any delay in building completion, availability of permanent power supply, inspection, taking over or commencing the use of the Lift. C. TESTS:

The components of "Johnson" Lifts will be tested by us at our manufacturing works and at our suppliers works. At site, tests in accordance with BIS 14665-2000 will be carried out at the time of handing over the Lift. Apart from the components generally purchased by us, which are referred to as bought-out components, we reserve the right to form out any of the proprietory component, assembly or subassembly for the Lifts tendered while we undertake full responsibility for the proper performance of these items. These would be manufactured strictly in accordance with our drawings, design or requirements and would undergo the same rigid inspection as and when manufactured by us.

Johnson Lifts Private Limited

JL/48/AP03/00298/E/A01

6 OUR OBLIGATIONS:

15-JUN-2010

In addition to the supply of all the Lift Materials as per specifications, we agree to perform the following when applicable. TECHNICAL ASSISTANCE : We agree to provide technical assistance for getting approval with the Electrical Inspector or Lift Inspector wherever applicable. This includes for all electrical lay-out drawings concerned with the Lifts and also General Arrangement Drawings. However, the application and fees for inspection or approval will have to be submitted by you. Suitable guidance will be provided by us. The purchaser further agrees not to use the product(s) until the clearance / license is obtained. Any liability arising out of using the Elevator / Escalator without Proper clearance / license shall be that of the purchaser. GENERAL ARRANGEMENT DRAWINGS: The General Arrangement Drawing will be sent to you in triplicate in approximately 5 weeks from the date of receipt of complete site details along with order. The purpose of this drawing is to clearly indicate to you pertinent dimensional details of the Lift Shaft, pit, machine room, car and landing openings etc., In case any modification is required by you in our General Arrangement Drawing it is advisable to hold on construction till the revised General Arrangement Drawing is resubmitted by us and approved by you. Please note that the above set of drawings will give you complete information for the civil constructions. Necessary drawings if required for steel work will be provided Necessary drawing tool door frames will be provided by us. We shall also provide necessary help while casting the machine room floor slab. We agree to provide necessary labour for erection and commissioning of the Lift.

Johnson Lifts Private Limited

JL/48/AP03/00298/E/A01 15-JUN-2010

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CUSTOMERS CONTRACT OBLIGATIONS

The Tender excludes, the following items and it shall be responsibility of the customers to provide these to meet our requirements. * Builders work such as forming Lift Well, Pit and Machine Room which shall be dry and free from dust with necessary access according to local regulations and all minor builders work such as cutting away making good etc., and also Lift Shaft painting / white washing with 2 coats. Machine Room Floor including any reinforcement necessary for load bearing. Construction of lift shaft and machine room as per General Arrangement drawing. Landing door frames for the landing gate. Dividing beams for multiple wells and inter_well pit screens.Pit should be waterproof. Guarding of Openings Scaffolding, Planks and ladders to our requirements. Storage of materials, tools and clothing in a suitably locked(space at ground floor),dry, ventilated and illuminated storage space protected from theft and damage. Working lights and temporary and permanent electricity suppliers. Cost of electricity and water to be provided by the client to carry out the erection and testing work. Cleaning down,renewal or replacement of lift equipment damaged by dust to dry grinding of mosaic or other builders work. Fees for inspection of the Lift by the Lift Inspector or Elecrical Inspector or any other fees charges by the surveyor or Corporation or Municipality or other Government agencies. Wiring of main and earth wires from the source of supply to the machine room terminating in a TPIC switch fuse. Suitable lighting of the shaft way and machine room, exhaust fan, rubber mat, fire extinguisher and First Aid box to be provided. RSJ for supporting the winding machine Architraves to the landing entrance. Metal door to be fixed in the machine room. Proper power supply along with necessary accessories like MCB's (rating as mentioned in our General Arrangement Drawings) to be provided in the machine room. The lift power wiring (Armoured cable)should be taken out side lift shaft. The single phase wiring for lift and bulk head fitting also to be taken from ground floor to lift machine room separately for each lift. Suitable living accommodation for the erection crew (complete with light, running water and sanitary facilities) at or near the site. Unloading and storing of material at site.

* * * * * * * * * * * * * * * *

* *

Johnson Lifts Private Limited

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MADHUCON PROJECTS LIMITED SIMHAPURI ENERGY PRIVATE LIMITED TAMMENAPATNAM MOMMIDI VILLAGES CHILLAKAR MANDAL

JL/48/AP03/00298/E/A01 15-JUN-2010

Branch Office : Gf-1 Revenue Colony ,Surya Satya ApartmentsSiddhartha Nagar, ,Vijayawada, Andhrapradesh , 520010

SPSR NELLORE (DT) 0

PRICE SCHEDULE
Dear Sir, We are prepared to supply, erect and commission at site TWO No/s. "JOHNSON" (2000 Kgs) GOODS BASIC GOODS lift for your Building/Project at SIMHAPURI ENERGY PRIVATE LIMITED,TAMMENAPATNAM MOMMIDI VILLAGES,CHILLAKAR MANDAL SPSR NELLORE (DT),0 in accordance with the terms and conditions and lift specification as per our offer No. JL/48/AP03/00298/E/A01 for the following prices :
Rs.3300000.00 (RUPEES THIRTY THREE LAKH ONLY PER LIFT)(INCLUSIVE OF TAXES & DUTIES)

All Cheques/Drafts must be drawn in favour of " Johnson Lifts Private Limited" This offer from pages 1 to 10 accepted by you shall constitute the contract between us to make this offer a legal and valid contract binding on both parties. The above quoted price is based on the premise of treating the transaction as "Works Contract". Break up for price and proof of tax payment cannot be provided.
TAXES :

CENTRAL EXCISE: Under Central Excise Tariff Act, 1985, Lifts(Elevators) Components are classified under chapter heading No : 8431 for which the current rate of duty is 10.3% and included in the offer. The price quoted above is inclusive of such duty only on the Manufactured Parts & Components. ANDHRAPRADESH - TAX RATE SERVICE TAX CESS ON SERVICE TAX SEC. & HIGHER EDUCATION CESS ON SERVICE TAX OTHER LEVIES: In addition to the above, any taxes, duties, octroi, surcharge, cess etc. if levied by any authority shall be charged. Any variation in the above tax structure shall be collected on actual basis at the time of billing. CONCLUSION OF CONTRACT: This draft contract or offer is valid up to 30 days from the date of offer for acceptance by customer. The Contract, however,shall be deemed concluded and to have come into force only on confirmation by the authorised signatory of company at its Regional/Branch/Other offices after assignment of lift work order numbers from our Head Office, Chennai.
Offer made For JOHNSON LIFTS PRIVATE LIMITED AUTHORISED SIGNATORY Accepted By............................................... Customer's Signature & Seal Contract Confirmed For JOHNSON LIFTS PRIVATE LIMITED AUTHORISED SIGNATORY Head Office : No.1 East Main Road, Annanagar Western Extn., Chennai 600 101.

14.5 10 2 1

% % % %

Johnson Lifts Private Limited

JL/48/AP03/00298/E/A01

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*IEEMA PRICE VARIATION CLAUSE FOR LIFT WORKS CONTRACT

15-JUN-2010

The Price quoted or confirmed is based on the cost of raw materials,components and labour as on the date of quotation and the same is deemed to be related to wholesale price index for material products and All India Average Consumer Price Index Number for Industrial Workers as specified below. In case of any variation in these index numbers, the Price shall be subject to adjustment up or down in accordance with the following formula: Po P= 100 P Po MP 15+55 MPo + 15 15 Wo WO( D ) + 15 WO WO( I )

= Price payable as adjusted in accordance with the above price variation formula. = Price quoted Confirmed.

MPo = Wholesale Price Index Number for Material Products as published by the Office of the Economic Adviser, Minister of Industry, Government of India , in their weekly bulletin Revised Index Number of Wholesale ' Prices ' ( base 1981 - 82 = 100) , for the week ending 1st Saturday of relevant calender month. Wo = All India Average Consumer Price Index Ministry of Labour, Government of India. Number for Industrial Workers ( base = 1982 = 100 ) as published by labour Bureau ,

The above index numbere i.e MPo and Wo are those published by EEMA as prevailing on the first working day of the calender month prior to date of quotation e.g. when offer is submitted in June 1988, and Wo = All India Average Consumer Price Index Number Would be that for the month of Feb.1988. MP = WholeSale Price Index Number of material products as published by the officer Economic Adviser , Ministry of Industry, Government of India, In their Weekly Bulletin Revised index number WholeSale Price(base 1981-82 = 100) The application wholesale Price Index Number for metal products would be that prevailing on the 1st Saturday on the month covering the date four months prior to date of delevery. Wo(D)= All India Consumer Price Index Labour, Government of India. Number for Industrial Workers ( base 1982 = 100 ) as published by Labour Ministry of

The Applicable All India Average Consumer Price Index Number for Industrial workers as published by Labour Bureau, Ministry of Labour Bureau, Ministry of Labour , Government of India, would be for the month four months prior to the date of delivery manufactured material. Wo(I) = All India Consumer Price Index Number of Industrial Workers ( base 1982 = 100 ) as Published by Labour Bureau , Ministry of Labour , Government of India, would be for the month four months prior to the date of completion of Installation. e.g If the date of delivery in terms clause given below falls December 1988, the applicable Index 'MP' would be as prevailing on the week ending 1st August 1988, and 'Wo'( D ) will be or the month of August 1988. If the date of Completion of each installation is June 1989 the applicable ' Wo( I ) ' will be for the Month of Feb 1989. The date of delivery shall be the date on which the manufactured material is notified as being ready for inspection / despatch ( in the absence of such notification , the date of manufacturer's despatch note shall be considered as the date of delivery.) The date of completion of each installation shall be the date on which the work is notified as being completed and is available for inspection ( in the absence of such notification, the date of manufacturer's not intimating such completion shall be considered as the crucial date) or the contracted completion date for such installation or part of installation ( including any agreed extension thereto ), whichever shall be earlier. The Index number for metal products is published weekly , but if there are any changes the same are incorporated in appearing in the following week. For the purpose of this Price Variation Clause the index figures shall apply. the issue

Note :

1 2 3

The sole purpose of the stipulation is to arrive at the amount of the entire contract under this various situations. The above stipulations do not indicate any Intensions to sell materials under this contract as movables. The claim on this will be made at two -stages-one at the despatch of materials and the other at the time of completion of erection All the above Index Numbers are declared by RBI and published by IEEMA every month and such publications shall be the only document in support of our claim.

* Indian Electrical & Electronics Manufacturer's Association

MADHUCON PROJECTS LIMITED SIMHAPURI ENERGY PRIVATE LIMITED TAMMENAPATNAM MOMMIDI VILLAGES CHILLAKAR MANDAL SPSR NELLORE (DT) 0

JL/48/AP03/00298/E/A01 15-JUN-2010

10 LIFT SPECIFICATION (ANNEXURE)

SPECIAL INCLUSIONS : 1 2 3 4 5 6 7 8 9 10 11 12 13 Digital Position Indicator In Car And Landings Battery Operated Emergency Light And Alarm Bell Call Register Signal And Vf Door Operator False Ceiling In Car Infra Red Door Screen Vandal Proof S.S. Button With S.S. Cover Automatic Rescue Device Overload Warning Indicator Firemans Switch Ss Handrails Floor Annunciator With Music Provision For Intercom Free Service For One Year

for JOHNSON LIFTS PRIVATE LIMITED,

Accepted by : _______________________ (Signature with seal and date)

AUTHORISED SIGNATORY.

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