MIRA INFORM REPORT

Report Date :

18.11.2011

IDENTIFICATION DETAILS

Name :	GLOBAL WIND POWER LIMITED (w.e.f. 20.02.2008)
Formerly Known as:	GLOBAL WIND POWER PRIVATE LIMITED (w.e.f. 05.10.2007) MUKTIDAYA CONSULTANCY SERVICES PRIVATE LIMITED
Registered Office :	301, Satellite Silver, Andheri Kurla Road, Marol , Andheri (East), Mumbai – 400 059, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	23.02.2007
Com. Reg. No.:	11-168078
Paid-up Capital :	Rs. 312.390 millions
CIN No.: [Company Identification No.]	U74140MH2007PLC168078
TAN No.: [Tax Deduction & Collection Account No.]	SRTG01581G
PAN No.: [Permanent Account No.]	AAECM9752G
Legal Form :	A closely held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Wind Mill Generators and Turbine
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 4000000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is promoted by the Reliance ADA Group, It is a company having moderate track. There appears some accumulated losses recorded by the company in the year 2008-09. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INFORMATION PARTED BY

Name :	Mr. Mukesh
Designation :	Deputy Finance Manager
Contact No.:	91-22-30091442
Date :	18.11.2011

LOCATIONS

Registered Office / Factory:	301, Satelite Silver, Andheri Kurla Road, Marol , Andheri (East), Mumbai – 400 059, Maharashtra, India
Tel. No.:	91-22-39918500
Fax No. :	91-22-39918521
E-Mail :	Kailash.rathi@gwpl.co.in praveenbhansali@gwpl.co.in info@gwpl.co.in
Website :	www.gwpl.co.in
Area :	3000sq.fts
Location :	Owned
Head Office :	15, Soundarapandian Street, Ashok Nagar, Chennai, Tamilnadu, India
Tel No. :	91-44-39182618
Factory 1 :	24/1, 26-27-28, 358/2/2/3, 359/1, Kherdi Amboli Road, Silvassa - 396230, India
Area :	50 Acres
Location :	Owned
Overseas Office :	Amsterdamseweg 204 A, 1182 HL Amstelveen, The Netherlands
Tel. No.:	+ 31 20 4260 923
Fax No. :	+ 31 20 4260 901
E-Mail :	info@globalwindpower.nl

DIRECTORS

AS ON 30.11.2010

Name :	Mr. Prakash Pandurang Khedekar
Designation :	Director
Address :	103 Swaraj Palace, Plot 12/13 Sector 12D, Koparkhairane, Navi Mumbai – 400 709, Maharashtra, India
Date of Birth/Age :	02.03.1974
Date of Appointment :	23.02.2007
DIN No.:	01260382

Other Directorship:

S.No.	CIN	Name of The Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74140MH2007PLC168078	GLOBAL WIND POWER LIMITED	Director	23/02/2007	23/02/2007	-	Active	NO
2	U74140MH2007PTC168147	BUSSOLUTIONS CONSULTANCY SERVICES PRIVATE LIMITED	Director	24/02/2007	24/02/2007	21/05/2007	Amalgamated	NO
3	U74140MH2007PLC168146	RELIANCE PROPERTY DEVELOPERS LIMITED	Director	24/02/2007	24/02/2007	24/04/2007	Active	NO
4	U40102MH2007PTC173905	DECCAN WIND ENERGY PRIVATE LIMITED	Director	07/09/2007	07/09/2007	-	Active	NO
5	U40101MH2007PTC173904	CHITRANGI POWER PRIVATE LIMITED	Director	10/09/2008	29/09/2007	24/05/2011	Active	NO
6	U40102MH2007PTC175897	WESTERN REGION TRANSMISSION (MAHARASHTRA) PRIVATE LIMITED	Director	14/11/2007	14/11/2007	29/03/2008	Active	NO
7	U40102MH2007PTC175896	WESTERN REGION TRANSMISSION (GUJARAT) PRIVATE LIMITED	Director	14/11/2007	14/11/2007	29/03/2008	Active	NO
8	U74900MH2008PLC184946	RELIANCE GLOBAL LIMITED	Director	29/09/2009	22/07/2008	-	Active	NO
9	U74990MH2008PLC186727	BHARUCH POWER LIMITED	Director	18/08/2009	12/09/2008	14/04/2011	Active	NO
10	U11100MH2008PLC186720	RELIANCE PRIMA LIMITED	Director	18/08/2009	12/09/2008	21/05/2011	Active	NO
11	U74900DN2009PTC000294	GLOBAL WIND INFRASTRUCTURE AND SERVICES PRIVATE LIMITED	Director	27/02/2009	27/02/2009	-	Active	NO
12	U40105MH2009PTC193855	MIHUNDON HYDRO POWER PRIVATE LIMITED	Director	07/07/2009	07/07/2009	23/05/2011	Active	NO
13	U74990MH2009PTC195625	RAJASTHAN SUN TECHNIQUE ENERGY PRIVATE LIMITED	Director	09/09/2009	09/09/2009	21/05/2011	Active	NO
14	U45203MH2010PTC199705	KM TOLL ROAD PRIVATE LIMITED	Director	04/02/2010	04/02/2010	30/08/2011	Active	NO
15	U64203DL2007GOI162795	TALCHER II TRANSMISSION COMPANY LIMITED	Director	29/09/2010	27/04/2010	-	Active	NO
16	U40101DL2007GOI162463	NORTH KARANPURA TRANSMISSION COMPANY LIMITED	Director	29/09/2010	20/05/2010	-	Active	NO
17	U26950MH2010PTC211485	UTILITY INFRASTRUCTURE & WORKS PRIVATE LIMITED	Director	28/12/2010	28/12/2010	09/08/2011	Active	NO
18	U36939MH1997PLC217844	RELIANCE THERMAL ENERGY LIMITED	Director	30/09/2011	01/07/2011	-	Active	NO
19	U72900MH2000PTC124365	RELIANCE POWER AND ENERGY RESOURCES PRIVATE LIMITED	Director	20/09/2011	01/07/2011	-	Active	NO
20	U74999MH2008PTC186877	TULIP REALTECH PRIVATE LIMITED	Director	20/09/2011	01/08/2011	-	Active	NO

Name :	Mr. Vikash Girdhari Lal Singhla
Designation :	Director
Address :	270, Old Anaj Mandi, Tohana, DT Fatehabad, Haryana – 125 120, Punjab, India
Date of Birth/Age :	20.10.1982
Date of Appointment :	29.05.2009
DIN No.:	02658710

Other Directorship:

S.No.	CIN	Name of the company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74140MH2007PLC168078	GLOBAL WIND POWER LIMITED	Director	30/09/2009	29/05/2009	-	Active	NO
2	U13209MH2006PTC160774	AAA RESOURCES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
3	U67110MH2006PTC160559	RELIANCE ADA GROUP ENTERPRISES PRIVATE LIMITED	Director	30/09/2010	18/05/2010	-	Active	NO
4	U51109MH2005PLC158369	RELIANCE ONEWORLD LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
5	U74999MH2006PTC160669	AAA PROJECT FINANCE MANAGEMENT PRIVATE LIMITED	Director	30/09/2010	18/05/2010	-	Active	NO
6	U51900MH2006PTC160588	TALENTHOUSE ENTERTAINMENT PRIVATE LIMITED	Director	30/09/2010	18/05/2010	-	Active	NO
7	U74994MH2006PTC160666	AAA FINANCIAL SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
8	U74140MH2008PTC179657	AAA EXPERT ADVISORY PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
9	U74140MH2008PTC179761	AAA INFRA ADVISING SERVICES PRIVATE LIMITED	Director	30/09/2010	18/05/2010	-	Active	NO
10	U92132MH2008PTC179998	AAA VIBGYOR ENTERTAINMENT PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
11	U92100MH2008PTC179515	AAA HOME ENTERTAINMENT SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
12	U74140MH2006PTC160746	AAA CAP ADVISORY SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
13	U74900MH2006PTC160668	AAA MANAGEMENT SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
14	U22210MH2008PTC179532	AAA ADVERTISEMENT PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
15	U74900MH2006PTC160641	AAA MANAGEMENT CONSULTANCY SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
16	U74210MH2006PTC160534	AAA ADVISORY SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	-	Active	NO
17	U74900MH2009PTC189842	SHREENATHJI KRUPA PROJECT MANAGEMENT PRIVATE LIMITED	Director	30/09/2010	18/05/2010	-	Active	NO
18	U74990MH2009PTC189819	SHRIJI KRUPA ENDEAVOUR MANAGEMENT PRIVATE LIMITED	Director	30/09/2010	18/05/2010	-	Active	NO
19	U74990MH2010PTC204342	AAA COMMERCIAL ENTERPRISES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
20	U40108MH2010PTC204288	AAA ELECTRICAL POWER DEVELOPMENT PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
21	U74900MH2010PTC204344	RELCOM SOFTWARE SOLUTIONS PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
22	U74210MH2010PTC204303	SEALINK ENGINEERING SERVICES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
23	U74990MH2010PTC204345	SEALINK INFRA TECHNOLOGY PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
24	U74990MH2010PTC204314	ACE INDUSTRIAL SERVICES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
25	U74140MH2010PTC204302	ACEROCK INFRASTRUCTURE AND CONSULTING PRIVATE LIMITED	Director	16/06/2010	16/06/2010	-	Active	NO
26	U74900MH2010PTC204322	AAA TECHNICAL SERVICES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
27	U74900MH2010PTC204304	AAA SOFTWARE TECHNOLOGIES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
28	U74999MH2010PTC204286	AAA MULTI-TECHNOLOGIES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
29	U72900MH2010PTC204340	AAA INFOSERVICES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
30	U74200MH2010PTC204347	AAA ENGINEERING SERVICES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
31	U74990MH2010PTC204343	NATIONWIDE COMMUNICATION PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
32	U74900MH2010PTC204310	ATLANTA ADVISORY SERVICES PRIVATE LIMITED	Director	28/09/2011	16/06/2010	-	Active	NO
33	U74990MH2010PTC204371	AAA UTILITY VENTURES PRIVATE LIMITED	Director	28/09/2011	17/06/2010	-	Active	NO
34	U74900MH2010PTC204374	AAA CAPITAL CONSULTANTS PRIVATE LIMITED	Director	28/09/2011	17/06/2010	-	Active	NO
35	U74140MH2010PTC204373	STANDARD MANAGEMENT SERVICES PRIVATE LIMITED	Director	28/09/2011	17/06/2010	-	Active	NO
36	U74900MH2010PTC204390	NATIONWIDE NETWORKS TECHNOLOGIES PRIVATE LIMITED	Director	28/09/2011	17/06/2010	-	Active	NO
37	U74990MH2010PTC204375	ARICENT COMMERCIAL SERVICES PRIVATE LIMITED	Director	28/09/2011	17/06/2010	-	Active	NO
38	U70200MH2010PTC204676	AAA INDUSTRIAL SERVICES PRIVATE LIMITED	Director	22/06/2010	22/06/2010	25/06/2011	Active	NO
39	U65923MH2007PTC174326	TELECOM INFRASTRUCTURE FINANCE PRIVATE LIMITED	Director	30/09/2010	10/08/2010	-	Active	NO

Name :	Mr. Pramod Sinkar Satam
Designation :	Director
Address :	401, Akshata Apartment, Gogate Wadi Road, Off Aarey Road, Goregaon (East), Mumbai-400063, Maharashtra, India
Date of Birth :	16.05.1971
Date of Appointment :	27.05.2010
DIN No.:	03076723

Other Directorship:

S.No.	CIN	Name of the company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U92131MH2006PTC218162	RELIANCE BIG PRIVATE LIMITED	Director	27/09/2010	18/05/2010	Active	NO
2	U74900MH2009PTC193197	AAA CINECREATION SERVICES PRIVATE LIMITED	Director	30/09/2010	18/05/2010	Active	NO
3	U74990MH2009PTC193199	TRANS-PACIFIC ADVISORY SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
4	U72900MH2009PTC193242	AAA ILLUMINATIVE SOLUTIONS PRIVATE LIMITED	Director	30/09/2010	18/05/2010	Active	NO
5	U74140MH2009PTC193503	AAA INTEGRATED SERVICES PRIVATE LIMITED	Director	30/09/2010	18/05/2010	Active	NO
6	U74140MH2008PTC179763	AAA DHARA PROJECTS PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
7	U93090MH2008PTC179533	AAA SYSTEMATIC ADVISORY SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
8	U93000MH2008PTC180057	AAA MULTI TECHNICAL SERVICES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
9	U72900MH2008PTC180520	AAA SHOWBIZ ENTERTAINMENT PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
10	U45200MH2008PTC183487	DHIRUBHAI AMBANI ENTERPRISES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
11	U45200MH2008PTC185821	AMBANI ENTERPRISES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
12	U67190MH2006PTC160629	BIG MOTION PICTURES PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
13	U92100MH2008PTC179664	AAA EVERSHINE ENTERTAINMENT PRIVATE LIMITED	Director	30/09/2010	18/05/2010	Active	NO
14	U85110MH2005PLC158360	RELIANCE HEALTH VENTURES LIMITED	Director	30/09/2010	18/05/2010	Active	NO
15	U29299MH2004PTC150312	AMBANI INDUSTRIES PRIVATE LIMITED	Director	30/09/2010	18/05/2010	Active	NO
16	U74999MH2006PLC218261	RELIANCE LIMITED	Director	27/09/2010	18/05/2010	Active	NO
17	U74900MH2009PTC197469	TRANS-ATLANTIC ENDEAVOUR MANAGEMENT PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
18	U51909MH2009PTC197468	TRANS-AMERICAS ENTERPRISE PRIVATE LIMITED	Director	29/09/2010	18/05/2010	Active	NO
19	U74990MH2009PTC193189	AAA MICRO SERVICES PRIVATE LIMITED	Director	30/09/2010	18/05/2010	Active	NO
20	U74900MH2009PTC193179	AAA ALLIED SERVICES PRIVATE LIMITED	Director	30/09/2010	18/05/2010	Active	NO
21	U74900MH2009PTC193502	AAA MULTIVISION SERVICES PRIVATE LIMITED	Director	30/09/2010	18/05/2010	Active	NO
22	U52190MH2006PTC218260	RELIANCE INDIA PRIVATE LIMITED	Director	27/09/2010	18/05/2010	Active	NO
23	U74140MH2007PLC168078	GLOBAL WIND POWER LIMITED	Director	30/11/2010	27/05/2010	Active	NO
24	U67190MH2005PTC154362	DEER CORPORATE SERVICES PRIVATE LIMITED	Director	29/09/2010	10/08/2010	Active	NO

KEY EXECUTIVES

Name :	Mr. V S Navin
Designation :	Company Secretary
Address :	Old #2, New # 3, Rajaji Nagar, Chennai – 600049, Tamilnadu, India
Date of Birth/Age :	19.06.1979
Date of Appointment :	01.06.2009
Name :	Mr. R Ravishankar
Designation :	Manager
Address :	20/1, Bagirathi Ammal Street, T. Nagar, Chennai 600 017, Tamilnadu, India
Date of Birth/Age :	02.03.1963
Date of Appointment :	04.08.2009
Name :	Mr. Mukesh
Designation :	Deputy Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.11.2010

Names of Shareholders		No. of Shares
Equity Shares
Abhijit Banerjee		1
Ashish Karyekar		1
Divyesh Dalal		1
Ramesh Shenoy		1
Shivangi Samani		1
K Latha		25
B Rekha Flat		69
V Satish Kumar		72
Abhishek Loonker		100
S Harikrishnan		100
Malini Agarwal		111
Bhawar Singh		200
Janardan Mitta Pallavi		200
Vasanta Kumar		200
Chandanbala Jain		266
Kamna Jain		266
Ruchi Jain		266
Sadhana Ora		266
Nirav Dolatrai		267
Bharathi Ponde		277
Rakesh Kumar Jain		306
Santosh Kumar Ora		306
Shrenik Kumar Jain		320
Kamala Agarwal		347
Sanjay Agarwal		444
G Rajagopalan		500
Bijen C . Shah		625
Jatin A. Shah		625
Sanil Jatin Shah		625
Shikha Jatin Shah		625
Vidya Ganapathy Sivaraman		800
Nikhil Khandelwal		980
Narasimha Rao Koppuravuri		1000
Somanchi Naga Raja Rao		1000
Anjana P Harikar		1133
Chetan A. Shah		1250
Sheela C. Shah		1250
Alka Gopal Khatri		1333
Gopal C Khatri		1333
Kamlesh I. Jain (Huf)		1333
Bharati C Ajmera		1350
Champa Devi		1500
Venugopalan Parandhaman		1500
Vinita Ramadevi		1500
Prem Gul Rajani		1600
Ramanathan Ganesh		1744
Nikhil Gholani		2000
Manish Kishore Vora		2266
Goldfin Capital Private Limited Liability Company Limited – India		2666
S Gayathri		2666
Sushil Kumar Maroo		2777
Vikram M Bhatt		3333
Vandana Berkos Desai		3350
Indu K Jain		3999
Bhavita Manish Parikh		4666
Powersurfer Interactive India Private Limited – India		4995
Atul J Agarwal Mercator Lines Limited – India		5000
Sonata Investments Limited – India		5000
Pallavi R		5040
Farida Asif Petiwala		5200
Satyen D Shah		5347
Protos Engineers Company Private Limited – India		5400
Kusum Khandelwal		5833
Ashok Reddy P		6500
Umanath Investment Private Limited – India		6500
Vaasatva Advisors Private Limited – India		6555
Brescon Corporate Advisors Limited – India		6660
Mukesh Jain		6805
Vajubhai Lallubhai Shah		8263
P V S Raju		10000
Parvesh Gandotra		10000
Rita S Kothari		10000
Vivek Mundra		10000
Ratna Suresh Jain		12100
Elesh Anubhai Gopani		13333
Nikhil Vora		13333
Mukul Mahavir Prasad Agarwal		13350
Jeevraj Singhi		13611
Anagha Investment Private Limited – India		13888
Goutam Bhailal Doshi		13900
Keshav Bansal		14400
Chetan Jain		14583
Vishesh Jain		14583
Ronak Iqbal Lakhani		15000
Balkrishna Gopiram Goenka		20000
K R Bharat		20000
Methodical Investment Trading Company Private Limited – India		20000
Paragraph Securities Private Limited – India		20000
Rajiv Maheshvari		20000
Sanjay Jagdish Pddar		20000
Pradeep Sandeep Trading and Investment – India		20416
Syntex Corporation Private Limited – India		20416
MC Jain Infoservices Private Limited – India		26500
Findeal Investments Private Limited – India		27268
Ashwin Kumar Kothari		27708
Jagdish N Master		27708
Hawa Bilkis Zubair		40800
Satyamitra Stock Consultants Private Limited – India		49444
Paresh Navnitlal Bhagat		50000
Sudarshan Fiscal Services Private Limited – India		58333
Index Equities Private Limited – India		80000
Principal Holdings (India) Private Limited – India		100000
Superstar Exports Private Limited – India		156503
Pacific Corporate Services Limited – India		180555
Blue Diamond Properties Private Limited – India		194444
Naishadh Jawahar Paleja		200000
Dhananjaya Money Management Services – India		214963
Tprvet.E L Ltidn.E Asia Master Fund (Singapore) Private Limited – India		400000
Quantum (M) Limited – India		475000
Lata Bhanshali		634166
Rajni Jain		658500
Sudharshan Securities Private Limited – India		705416
Reliance Capital Limited – India		1440000
Total		6239061
Preference Shares:
Sonata Investments Limited, India		250000000
	Total	250000000

AS ON 07.02.2011

Name of Allottees	No. of Shares
Reliance Capital Limited	720000
Reliance Share and Stock Brokers Private Limited	2250833
Reliance Net Limited	1000000
Total	3970833

AS ON 30.11.2010

Equity Share Break Up	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	14.26
Bodies corporate	53.62
Other top fifty shareholders	31.88
Others	0.24
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Wind Mill Generators and Turbine
Exports :
Products :	Wind Mill Generators
Countries :	UK
Terms :
Selling :	Cash, Credit (Depend)
Purchasing :	Cash, Credit (Depend)

PRODUCTION STATUS AS ON 31.03.2010

Licensed and installed capacities

Licensed Capacity - As per the Industrial Policy declared in July 1991, as amended in April 1993, no licences are required for the products manufactured by the Company.

Installed Capacity - The installed capacities are not precisely ascertainable, given the nature of operations, changes in product mix and utilisation of manufacturing facilities; and hence, have not been disclosed.

GENERAL INFORMATION

Supplier :

Verge Limited

Customers :

End Users

Ridhi Siddhi Gluco Biols Limited

No. of Employees :

500 (Approximately)

Bankers :

• Axis Bank Limited, Axis House, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra, India
• Punjab National Bank, Chennai, Tamilnadu, India
• Export – Import Bank of India, Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Facilities :

SECURED LOAN	RS. IN MILLIONS AS ON 31.03.2010	RS. IN MILLIONS AS ON 31.03.2009
Loans and Advances from Banks
Term Loan Rupee Loan Working Capital Loan Others	2016.340 31.585 402.228 10.512	1439.884 0.000 380.120 81.678
Total	2460.665	1901.683
UNSECURED LOAN	RS. IN MILLIONS AS ON 31.03.2010	RS. IN MILLIONS AS ON 31.03.2009
Short Term Loan and Advances – From Others [Repayable within one year Rs.50.000 Millions (Previous Year Rs. Nil)]	50.000	0.000
Total	50.000	0.000

Banking Relations :	--
Auditors :
Name :	Malpani and Associates Chartered Accountants
Address :	307, Chartered House 297/299, Dr. Cawasji Hormasji Street, Near Marine Lines Church, Mumbai – 400 002, Maharashtra, India
Associates :	· Norwin A/S
Subsidiary :	Ashban Company Limited Global Wind Infrastructure and Services Private Limited
Sister Concern :	Souther Wind Forms Limited

CAPITAL STRUCTURE

AS ON : 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
16000000	Equity Shares	Rs. 10/- each	Rs. 160.000 million
490000000	Preference Shares	Rs. 1/- each	Rs. 490.000 millions
	Total		Rs. 650.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6239061	Equity Shares	Rs. 10/- each	Rs. 62.390 million
250000000	Zero Coupon Non Cumulative Redeemable Preference Shares	Rs. 1/- each	Rs. 250.000 millions
	Total		Rs. 312.390 Millions

AFTER 30.11.2010

Authorised Capital : Rs. 650.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 417.099 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		312.390	312.390	285.841
2] Share Application Money		603.000	603.000	5.701
3] Equity Share Warrants Issued and Subscribed		325.000	325.000	0.000
4] Reserves & Surplus		249.162	249.162	142.964
5] (Accumulated Losses)		[468.890]	[52.308]	[9.266]
NETWORTH		1020.662	1437.244	425.240
LOAN FUNDS
1] Secured Loans		2460.665	1901.683	0.000
2] Unsecured Loans		50.000	0.000	280.000
TOTAL BORROWING		2510.665	1901.683	280.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.00
TOTAL		3531.327	3338.927	705.240
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1335.587	1288.491	78.141
Capital work-in-progress		1336.085	29.552	98.216
INVESTMENT		120.486	937.620	377.593
DEFERREX TAX ASSETS		3.411	3.411	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	675.408	1176.916	0.000
	Sundry Debtors	87.775	0.000	0.000
	Cash & Bank Balances	119.388	107.609	33.074
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	164.140	109.448	150.651
Total Current Assets		1046.711	1393.973	183.725
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	177.170	284.518	17.365
	Other Current Liabilities	129.605	26.025	13.267
	Provisions	4.178	3.577	1.803
Total Current Liabilities		310.953	314.120	32.435
Net Current Assets		735.758	1079.853	151.290
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		3531.327	3338.927	705.240

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1037.642	0.000	0.000
		Other Income	28.634	2.580	1.851
		TOTAL (A)	1066.276	2.580	1.851
Less	EXPENSES
		Cost of Goods Sold	985.852	0.000	0.000
		Manufacturing, Administrative and Other Expenses	160.729	18.115	10.615
		Employee Cost	47.530	1.192	0.000
		TOTAL (B)	1194.111	19.307	10.615
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(127.835)	(16.727)	(8.764)
Less	FINANCIAL EXPENSES (D)		239.036	27.596	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(366.871)	(44.323)	(8.764)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		49.711	1.390	0.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(416.582)	(45.713)	(8.764)
Less	TAX (H)		0.000	(2.671)	0.500
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(416.582)	(43.042)	(9.264)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(52.308)	(9.266)	(0.002)
	BALANCE CARRIED TO THE B/S		(468.890)	(52.308)	(9.266)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	1.834	0.000	0.000
	TOTAL EARNINGS		1.834	0.000	0.000
	IMPORTS
		Raw Materials	64.570	587.029	0.000
		Stores & Spares	0.000	0.492	0.000
		Capital Goods	0.151	108.935	0.000
	TOTAL IMPORTS		64.721	696.456	0.000
	Earnings / (Loss) Per Share (Rs.)		(66.77)	(7.84)	(33.76)

Particulars	31.03.2011
Sales Turnover (Approximately)	2500.000

Expected Sales (2011-2012) : Rs. 6000.000 millions

The above information has been parted by Mr. Mukesh.

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(39.07)	(1668.29)	(500.48)
Net Profit Margin (PBT/Sales)	(%)	(40.15)	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(17.48)	(1.68)	(0.32)
Return on Investment (ROI) (PBT/Networth)		40.81	(0.03)	(0.02)
Debt Equity Ratio (Total Liability/Networth)		2.76	1.54	0.73
Current Ratio (Current Asset/Current Liability)		3.37	4.44	5.66

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS

(Rs. In Millions)

SOURCES OF FUNDS	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors	177.170	284.518	17.365

Check List by Info Agents	Available in Report (Yes / No)
1. Year of Establishment	Yes
2. Locality of the firm	Yes
3. Constructions of the firm	Yes
4. Premises details	Yes
5. Type of Business	Yes
6. Line of Business	Yes
7. Promoter’s background	------
8. No. of Employees	Yes
9. Name of person contacted	Yes
10. Designation of contact person	Yes
11. Turnover of firm for last three years	Yes
12. Profitability for last three years	No
13. Reasons for variation <> 20%	No
14. Estimation for coming financial year	Yes
15. Capital in the business	Yes
16. Details of sister concerns	Yes
17. Major suppliers	Yes
18. Major customers	Yes
19. Payments terms	Yes
20. Export / Import details	Yes
21. Market information	------
22. Litigations that the firm / promoter involved	------
23. Banking Details	Yes
24. Banking facility details	Yes
25. Conduct of the banking account	------
26. Buyer visit details	------
27. Financials, if provided	No
28. Incorporation details, if applicable	------
29. Last accounts filed at ROC	------
30. Major Shareholders, if available	------

NOTE

The registered office address of the company has been shifted 7^th Floor, Raheja Point – I, Jawaharlal Nehru Marg, Vakola Market, Santacruz (East), Mumbai – 400055, Maharashtra, India to 402, Satelite Silver, Opposite Honda Showroom, Andheri Kurla Road, Marol , Andheri (East), Mumbai – 400 056, Maharashtra, India w.e.f. 25.09.2007

The registered office address of the company has been shifted from 402, Satelite Silver, Opposite Honda Showroom, Andheri Kurla Road, Marol , Andheri (East), Mumbai – 400 056, Maharashtra, India to present w.e.f 21.01.2009.

OPERATIONS

The Company achieved income from operation of Rs.1037.600 Millions as against zero income in the previous year. However, the Company incurred a net loss after tax of Rs.416.600 Millions as compared to net loss after tax of Rs.52.300 Millions in the previous year. The loss in current year was mainly on account of interest and finance charges, higher inventory cost, tough economic conditions and cost of market entry.

Further during the year the company was successful in following areas

1. Tower manufacturing plant

The tower manufacturing plant is now recognized as a state-of-the-art plant by domestic and international Wind Turbine Generators (WTGs) manufacturers. Company has therefore increased utilization of the plant by securing orders from WTG manufacturers such as Vestas, General Electric (GE) Energy, and Kenersys.

2. 750 KW WTGs

Company has till date installed 40 WTGs of 750 KW and has received its single biggest order for supply and commissioning of additional 40 WTGs of 750 KW. Site in Madhya Pradesh is secured and order for a 6 MW wind farm with 8*750kW WTGs has been received there. Company has completed shipping and installation of its first export order of 750KW WTG to UK.

3. 2MW WTGs

The 2 MW generator manufacturing plant construction activities have been completed. Company has also completed installation of its first Prototype 2 MW WTG in Germany in December 2009 and has installed Second Prototype in India in September, 2010.

Form : 8

Corporation identity number or foreign company registrations number of the company	U74140MH2007PLC168078
Name of the company	GLOBAL WIND POWER LIMITED
Address	301, Satellite Silver, Andheri Kurla Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra, India
This Form is for	Creation of charge
Type of Charges	· Book Debts · Movable Property · Others
Particular of the charge holder	Export - Import Bank of India
Nature or description of the instrument creating charge	Deed of Hypothecation of Moveable Assets dated 22.09.2009 executed by Global Wind Power Limited (the Company') in favour of Export-Import Bank of India( Exim Bank) to secure the term loan of Rs.750.000 Millions (NR/USD).
Date of the instrument creating charge	22.09.2009
Amount Secure by the charge	Rs. 810.000 millions
Brief of the principal terms and conditions and extent and operation of the charge	Rate of Interest : INR : PLR - 3% p.a. payable monthly on 20th of each month and USD : LIBOR (6 months) + 350 bps p.a., payable with quarterly rests subject to reset in accordance with the provisions of Loan Agreement Terms of Repayment: To be repaid in 27 quarterly installments commencing after expiry of 18 months from the date of commencement of commercial production. Margin: 28.19% Extent and operation of the Charge: The Charge created in favour of Exim Bank over the Company's moveable fixed assets shall rank as a first charge (excluding the assets exclusively charged to other Lenders) and over current assets shall rank as second charge.
Short particulars of the Property charged	The whole of the Company's moveable fixed assets and current assets both present and future, more particularly described in Schedule III to the Deed of Hypothecation.

TRADE REFERENCES:

· Verge Limited

· Ridhi Siddhi Gluco Biols Limited

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Furniture and Fixtures

· Vehicles

· Office Equipments

· Computers

· Software’s

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 50.72
UK Pound	1	Rs. 79.87
Euro	1	Rs. 68.46

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.