MIRA INFORM REPORT

Report Date :

09.02.2012

IDENTIFICATION DETAILS

Name :	TRN ENERGY LIMITED [w.e.f. 09.01.2011]
Formerly Known As :	TRN ENERGY PRIVATE LIMITED
Registered Office :	4735/22, Ground Floor, Prakash Deep Building, Ansari Road, Darya Ganj, New Delhi-110002
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	17.11.2006
Com. Reg. No.:	55-155618
Capital Investment / Paid-up Capital :	Rs.319.608 Millions
CIN No.: [Company Identification No.]	U40109DL2006PLC155618
TAN No.: [Tax Deduction & Collection Account No.]	DELT08439E
PAN No.: [Permanent Account No.]	AACCT7295B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Power Generation.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 1500000
Status :	Yet to commence business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a subsidiary of ACB (India) Power Limited, India. Though the company was incorporated in the year 2006, it is yet to commence its commercial operations. The project of the company is still under its development stage. Payments are unknown. 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.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	4735/22, Ground Floor, Prakash Deep Building, Ansari Road, Darya Ganj, New Delhi-110002, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	legal.secretarial@acbindia.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Rudra Sen Sindhu

Designation :

Director

Address :

23, Rajdoot Marg, Chanakyapuri, New Delhi-110021, India

Date of Birth/Age :

02.02.1956

Date of Appointment :

03.08.2009

Din No.:

00006999

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	U34102DL1989PLC034982	SAINIK MINING AND ALLIED SERVICES LIMITED	Director	08-02-89	08-02-89	-	Active	NO
2	U74899DL1989PTC038064	KAPIL CONSTRUCTIONS PRIVATE LIMITED	Director	03-09-90	03-09-90	-	Active	NO
3	L26912DL1991PLC045449	SAINIK FINANCE AND INDUSTRIES LIMITED	Director	01-10-09	22-08-91	-	Active	NO
4	L51909DL1984PLC019623	SINDHU TRADE LINKS LIMITED	Director	10-05-93	10-05-93	-	Amalgamated	NO
5	U74899DL1994PTC057823	GARUDA RESORTS PRIVATE LIMITED	Director	09-03-94	09-03-94	-	Active	NO
6	U67120HR1992PTC034972	INDUS PORTFOLIO PRIVATE LIMITED	Director	28-04-95	28-04-95	-	Active	NO
7	U10102DL1997PLC085837	ACB (INDIA) LIMITED	Managing director	23-12-11	14-03-97	-	Active	NO
8	U29246DL1999PLC098656	GLOBAL MINETEC LIMITED	Director	04-03-99	04-03-99	10-02-10	Active	NO
9	U40102DL2001PTC134230	ARYAN ENERGY PRIVATE LIMITED	Director	23-02-01	23-02-01	-	Active	NO
10	U24292DL1979PLC148278	RAJASTHAN EXPLOSIVES AND CHEMICALS LIMITED	Director	27-03-01	27-03-01	17-05-10	Active	NO
11	U45201DL2002PTC117866	SINDHU REALTORS PRIVATE LIMITED	Director	02-12-02	02-12-02	-	Active	NO
12	U45201DL2003PTC120004	MALCHA PROPERTIES PRIVATE LIMITED	Director	24-04-03	24-04-03	13-04-09	Active	NO
13	U29199DL2003PTC122193	ARYAN CLEAN COAL TECHNOLOGIES PRIVATE LIMITED.	Director	10-09-03	10-09-03	-	Active	NO
14	U26933DL2003PTC122982	SAINIK LOGISTICS PRIVATE LIMITED	Director	07-11-03	07-11-03	04-09-09	Active	NO
15	U10101OR2004PTC007476	KALINGA COAL MINING PRIVATE LIMITED	Director	30-01-04	30-01-04	-	Active	NO
16	U74140DL2004PTC127124	SHYAM INDUS POWER SOLUTIONS PRIVATE LIMITED	Director	24-06-04	24-06-04	31-03-09	Active	NO
17	U72200DL2002PTC115521	SECURE SYNERGY PRIVATE LIMITED	Director	15-02-05	15-02-05	01-04-09	Active	NO
18	U10102MP2005PTC017818	M.P. SAINIK COAL MINING PRIVATE LIMITED	Managing director	22-07-05	22-07-05	-	Active	NO
19	U27102CT2003PTC015761	ARYAN ISPAT AND POWER PRIVATE LIMITED	Director	27-02-06	27-02-06	09-04-11	Active	NO
20	U10200DL2002PTC115155	KARTIKAY COAL WASHERIES PRIVATE LIMITED	Director	27-02-06	27-02-06	-	Active	NO
21	U74899DL1988PTC033107	BHAGIRATHI OVERSEAS PRIVATE LIMITED	Director	21-04-06	21-04-06	-	Active	NO
22	U10200DL2006PTC152380	SAINIK POTASH PRIVATE LIMITED	Director	23-08-06	23-08-06	06-11-09	Active	NO
23	U10300DL2007PTC157593	AVANI MINING PRIVATE LIMITED	Director	09-01-07	09-01-07	27-02-09	Active	NO
24	U40102DL2008PTC177940	ARYAN M.P.POWER GENERATION PRIVATE LIMITED	Director	09-05-08	09-05-08	-	Active	NO
25	U40102DL2008PTC177939	ARYAN CHHATTISGARH POWER GENERATION PRIVATE LIMITED	Director	09-05-08	09-05-08	-	Active	NO
26	U70109DL2008PTC178340	RUDRA SEN AND BROS JV PROJECTS PRIVATE LIMITED	Director	19-05-08	19-05-08	-	Active	NO
27	U10100DL2008PTC178373	DIVYASHREE COMPANY PRIVATE LIMITED	Director	21-05-08	21-05-08	05-08-11	Active	NO
28	U10102DL1998PTC094328	GLOBAL COAL AND MINING PRIVATE LIMITED	Nominee director	21-10-11	30-06-08	-	Active	NO
29	U40109DL2006PLC155618	TRN ENERGY LIMITED	Director	03-08-09	03-08-09	-	Active	NO
30	U45400DL2009PTC194576	INDUS INFRA BUILT PRIVATE LIMITED	Director	23-09-09	23-09-09	-	Active	NO
31	U74920DL2003PTC122984	BLACK ANGELS SECURITY SERVICES PRIVATE LIMITED	Additional director	30-09-09	30-09-09	05-10-09	Active	NO
32	U10101DL2003PTC122765	SARVESH COALTECH PRIVATE LIMITED	Director	30-09-10	02-11-09	-	Active	NO
33	U41000DL2010PTC198469	ARYAN EESTECH INDIA PRIVATE LIMITED	Director	29-01-10	29-01-10	-	Active	NO
34	U40101DL2010PLC206025	ACB (INDIA) POWER LIMITED	Director	20-07-10	20-07-10	-	Active	NO
35	U80900DL2010PTC207128	INDUS EDUMANAGEMENT SERVICES PRIVATE LIMITED	Director	16-08-10	16-08-10	-	Active	NO
36	U45400DL2010PTC207148	INDUS INFRA DEVELOPMENT PRIVATE LIMITED	Director	17-08-10	17-08-10	-	Active	NO
37	U74140DL2011PTC217453	PARAM MITRA ASSOCIATES PRIVATE LIMITED	Director	13-04-11	13-04-11	-	Active	NO
38	U64204DL2007PTC163105	HARI BHOOMI COMMUNICATIONS PRIVATE LIMITED	Additional director	15-09-11	15-09-11	-	Active	NO
39	U74899DL1994PTC062495	PARAMITRA HOLDINGS PRIVATE LIMITED	Additional director	03-12-11	03-12-11	-	Active	NO

Name :

Mr. Kuldeep Singh Solanki

Designation :

Director

Address :

B-9/16, Vasant Vihar, New Delhi-110057, India

Date of Birth/Age :

02.01.1956

Date of Appointment :

03.08.2009

Din No.:

00009212

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	U65999DL1985PLC021355	MANEESHA FINLEASE LIMITED	Director	08-03-94	08-03-94	-	Active	NO
2	L26912DL1991PLC045449	SAINIK FINANCE AND INDUSTRIES LIMITED	Director	27-03-97	27-03-97	-	Active	NO
3	U33201DL1997PTC087357	GLOBAL OPTICALS PRIVATE LIMITED	Director	19-05-97	19-05-97	-	Active	NO
4	U10102DL1997PLC085837	ACB (INDIA) LIMITED	Director	19-12-97	19-12-97	-	Active	NO
5	U29246DL1999PLC098656	GLOBAL MINETEC LIMITED	Director	04-03-99	04-03-99	-	Active	NO
6	U74999DL2000PTC105299	BLASTEC (INDIA) PRIVATE LIMITED	Director	18-04-00	18-04-00	01-07-10	Active	NO
7	U01111DL2000PTC106057	GLOBAL GREENEARTH PRIVATE LIMITED	Director	02-06-00	02-06-00	-	Active	NO
8	U24292DL1979PLC148278	RAJASTHAN EXPLOSIVES AND CHEMICALS LIMITED	Managing director	20-06-00	20-06-00	17-05-10	Active	NO
9	U10102DL2001PTC112639	SAINIK COAL WASHERY PRIVATE LIMITED	Director	03-10-01	03-10-01	-	Active	NO
10	U24292DL2000PTC107710	EMUL TEK PRIVATE LIMITED	Director	10-11-01	10-11-01	08-10-10	Active	NO
11	U72200DL2002PTC115521	SECURE SYNERGY PRIVATE LIMITED	Director	23-10-02	23-10-02	01-04-09	Active	NO
12	U34102DL1989PLC034982	SAINIK MINING AND ALLIED SERVICES LIMITED	Managing director	01-04-10	11-12-02	-	Active	NO
13	U74930DL2003PTC119715	VIRTUAL HOUSE KEEPING PRIVATE LIMITED	Director	02-04-03	02-04-03	-	Active	NO
14	U29199DL2003PTC122193	ARYAN CLEAN COAL TECHNOLOGIES PRIVATE LIMITED	Director	10-09-03	10-09-03	-	Active	NO
15	U74920DL2003PTC122984	BLACK ANGELS SECURITY SERVICES PRIVATE LIMITED	Additional director	15-02-10	07-11-03	25-02-10	Active	NO
16	U10101OR2004PTC007476	KALINGA COAL MINING PRIVATE LIMITED	Managing director	10-02-09	30-01-04	-	Active	NO
17	U15432DL2004PTC127027	JAGGANATH TIRUPATI SUGAR (INDIA) PRIVATE LIMITED	Director	21-06-04	21-06-04	-	Active	NO
18	U74899DL1980PTC010426	EX-SERVICEMEN BLACK GOLD TRANSPORTERS INDIA PRIVATE LIMITED	Director	25-10-04	25-10-04	-	Amalgamated	NO
19	U74899DL1994PTC057823	GARUDA RESORTS PRIVATE LIMITED	Director	28-10-04	28-10-04	-	Active	NO
20	U10102MP2005PTC017818	M.P. SAINIK COAL MINING PRIVATE LIMITED	Director	22-07-05	22-07-05	-	Active	NO
21	U10102DL1998PTC094328	GLOBAL COAL AND MINING PRIVATE LIMITED	Director	14-04-06	14-04-06	-	Active	NO
22	U26933DL2003PTC122982	SAINIK LOGISTICS PRIVATE LIMITED	Director	26-06-06	26-06-06	-	Active	NO
23	U10200DL2006PTC152380	SAINIK POTASH PRIVATE LIMITED	Director	23-08-06	23-08-06	-	Active	NO
24	U10300DL2007PTC157593	AVANI MINING PRIVATE LIMITED	Director	09-01-07	09-01-07	27-03-09	Active	NO
25	U24119OR1974PLC000616	ORICHEM LIMITED	Director	03-05-07	03-05-07	-	Active	NO
26	U40102DL2008PTC177940	ARYAN M.P.POWER GENERATION PRIVATE LIMITED	Director	09-05-08	09-05-08	-	Active	NO
27	U40102DL2008PTC177939	ARYAN CHHATTISGARH POWER GENERATION PRIVATE LIMITED	Director	09-05-08	09-05-08	-	Active	NO
28	U40109DL2006PLC155618	TRN ENERGY LIMITED	Director	03-08-09	03-08-09	-	Active	NO
29	U40101DL2010PLC206025	ACB (INDIA) POWER LIMITED	Director	20-07-10	20-07-10	-	Active	NO
30	U13209DL2010PTC206651	RAJASTHAN KHANIJ AND ISPAT UDYOG PRIVATE LIMITED	Director	04-08-10	04-08-10	06-04-11	Active	NO

Name :

Mr. Vir Sen Sindhu

Designation :

Director

Address :

1, Garud Nagar, Gevra Project, Korba-492452, Chattisgarh, India

Date of Birth/Age :

03.12.1960

Date of Appointment :

03.08.2009

Din No.:

00034773

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	U74899DL1989PTC034756	VIVEK TRANSPORTERS (EX SERVICEMEN) PRIVATE LIMITED	Director	27-01-89	27-01-89	-	Dissolved	NO
2	U74899DL1994PTC063166	GARUDA IMAGING AND DIAGNOSTIC PRIVATE LIMITED	Director	02-12-94	02-12-94	-	Amalgamated	NO
3	U67120HR1992PTC034972	INDUS PORTFOLIO PRIVATE LIMITED	Director	28-04-95	28-04-95	-	Active	NO
4	U10102DL1997PLC085837	ACB (INDIA) LIMITED	Managing director	30-09-11	14-03-97	-	Active	NO
5	L26912DL1991PLC045449	SAINIK FINANCE AND INDUSTRIES LIMITED	Director	17-12-99	17-12-99	-	Active	NO
6	L51909DL1984PLC019623	SINDHU TRADE LINKS LIMITED	Director	05-08-00	05-08-00	10-07-10	Amalgamated	NO
7	U01111HR1989PTC030527	SINDHU FARMS PRIVATE LIMITED	Director	18-10-00	18-10-00	-	Active	NO
8	U40102DL2001PTC134230	ARYAN ENERGY PRIVATE LIMITED	Director	13-08-01	13-08-01	-	Active	NO
9	L51909DL1985PLC020779	PRAGATI VANIJAYA LIMITED	Director	13-05-02	13-05-02	-	Active	NO
10	U34102DL1989PLC034982	SAINIK MINING AND ALLIED SERVICES LIMITED	Managing director	01-04-11	11-12-02	-	Active	NO
11	U27102CT2003PTC015761	ARYAN ISPAT AND POWER PRIVATE LIMITED	Director	28-04-03	28-04-03	28-05-11	Active	NO
12	U74899DL1994PTC057823	GARUDA RESORTS PRIVATE LIMITED	Director	28-10-04	28-10-04	-	Active	NO
13	U10102MP2005PTC017818	M.P. SAINIK COAL MINING PRIVATE LIMITED	Director	22-07-05	22-07-05	-	Active	NO
14	U40102DL2008PTC177940	ARYAN M.P.POWER GENERATION PRIVATE LIMITED	Director	09-05-08	09-05-08	-	Active	NO
15	U40102DL2008PTC177939	ARYAN CHHATTISGARH POWER GENERATION PRIVATE LIMITED	Director	09-05-08	09-05-08	-	Active	NO
16	U40109DL2006PLC155618	TRN ENERGY LIMITED	Director	03-08-09	03-08-09	-	Active	NO
17	U29199DL2003PTC122193	ARYAN CLEAN COAL TECHNOLOGIES PRIVATE LIMITED.	Director	30-09-10	01-04-10	-	Active	NO
18	U40101DL2010PLC206025	ACB (INDIA) POWER LIMITED	Director	20-07-10	20-07-10	-	Active	NO
19	U01119DL2003PTC120866	MITTER SEN AGROFARMS PRIVATE LIMITED	Director	27-01-11	27-01-11	21-02-11	Active	NO
20	U74140DL2011PTC217453	PARAM MITRA ASSOCIATES PRIVATE LIMITED	Director	13-04-11	13-04-11	-	Active	NO
21	U45201DL2006PTC146733	FOUR CORNER DEVELOPERS PRIVATE LIMITED	Director	30-09-11	28-04-11	-	Active	NO
22	U74899DL2000PTC105646	INDUS COMPUQUEST PRIVATE LIMITED	Director	30-09-11	04-07-11	-	Active	NO
23	U10102DL1998PTC094328	GLOBAL COAL AND MINING PRIVATE LIMITED	Nominee director	21-10-11	21-10-11	-	Active	NO
24	U74899DL1994PTC062495	PARAMITRA HOLDINGS PRIVATE LIMITED	Additional director	03-12-11	03-12-11	-	Active	NO

Name :

Mr. Anil Kumar Sulekh Chand Jain

Designation :

Director

Address :

H. No. 39, Punjab Bagh West, New Delhi-110028, India

Date of Birth/Age :

18.02.1963

Date of Appointment :

17.11.2006

Din No.:

00364623

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	U74899DL1994PTC063440	ATMA SECURITIES PRIVATE LIMITED	Director	01-02-02	01-02-02	-	Active	NO
2	U45201DL2003PTC121786	MIKKU REALTORS PRIVATE LIMITED	Director	14-08-03	14-08-03	-	Active	NO
3	U74140DL2004PTC129595	PRONTO TRADE CONSULTATNS PRIVATE LIMITED	Director	01-10-04	01-10-04	-	Active	NO
4	U27310DL2005PTC133247	NEW LOOK METAL MILLS PRIVATE LIMITED	Director	22-02-05	22-02-05	-	Active	NO
5	U72200DL2005PTC136406	JUBILANT SOFTWARE SERVICES PRIVATE LIMITED	Director	18-05-05	18-05-05	03-09-10	Active	NO
6	U15122DL2005PTC137017	PRUDENT METALS PRIVATE LIMITED	Director	09-04-09	01-06-05	-	Active	NO
7	U13100DL2005PTC137015	ICON MINERALS PRIVATE LIMITED	Director	01-06-05	01-06-05	-	Active	NO
8	U27104DL2005PTC137018	DECENT METALS PRIVATE LIMITED	Director	01-06-05	01-06-05	-	Active	NO
9	U15510DL2005PTC135949	VICTORY BREWERIES PRIVATE LIMITED	Director	10-11-06	10-11-06	-	Active	NO
10	U40109DL2006PLC155618	TRN ENERGY LIMITED	Director	17-11-06	17-11-06	-	Active	NO
11	U70102DL2006PTC156862	MIKKU ESTATES PRIVATE LIMITED	Director	21-12-06	21-12-06	-	Active	NO
12	U27209DL2007PTC158165	COMPLIMENTS METAL MILLS PRIVATE LIMITED	Director	30-09-08	19-01-07	11-11-08	Active	NO
13	U01010CT2005PTC017876	C.G. SPONGE MANUFACTURERS CONSORTIUM COAL FIELDS PRIVATE LIMITED	Director	31-03-08	31-03-08	-	Active	NO
14	U27100DL2008PTC179993	NSS METALS PRIVATE LIMITED	Director	24-06-08	24-06-08	-	Active	NO
15	U70101DL2008PTC180707	ATULAYA INFRASTRUCTURE PRIVATE LIMITED	Director	10-07-08	10-07-08	-	Active	NO
16	U63000DL2010PTC206283	Haryana Transportation Services Private Limited	Director	26-07-10	26-07-10	-	Active	NO
17	U74999DL1995PTC066123	PSU FINANCE PRIVATE LIMITED	Additional director	02-11-11	02-11-11	-	Active	NO

Name :

Mr. Sanjay Sulekh Chand Jain

Designation :

Director

Address :

39, Arihant Nagar, Punjabi Bagh, New Delhi-110026, India

Date of Birth/Age :

11.10.1961

Date of Appointment :

17.11.2006

Din No.:

00364854

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	U27202DL2004PTC126717	PUSHP STEELS AND MINING PRIVATE LIMITED	Director	02-06-04	02-06-04	-	Active	NO
2	U74140DL2004PTC129595	PRONTO TRADE CONSULTATNS PRIVATE LIMITED	Director	01-10-04	01-10-04	-	Active	NO
3	U27310DL2005PTC133247	NEW LOOK METAL MILLS PRIVATE LIMITED	Director	22-02-05	22-02-05	-	Active	NO
4	U51909DL2005PTC134698	TEJSWI IMPEX PRIVATE LIMITED	Director	05-04-05	05-04-05	-	Active	NO
5	U15122DL2005PTC137017	PRUDENT METALS PRIVATE LIMITED	Director	01-06-05	01-06-05	26-02-08	Active	NO
6	U27104DL2005PTC137018	DECENT METALS PRIVATE LIMITED	Director	01-06-05	01-06-05	-	Active	NO
7	U40109DL2006PLC155618	TRN ENERGY LIMITED	Whole-time director	31-12-09	17-11-06	-	Active	NO
8	U27209DL2007PTC158165	COMPLIMENTS METAL MILLS PRIVATE LIMITED	Director	19-01-07	19-01-07	20-08-09	Active	NO
9	U45400DL2007PTC167919	ATULAYA DEVELOPERS PRIVATE LIMITED	Director	10-09-07	10-09-07	-	Active	NO
10	U67120WB1994PTC065546	JAISRI PROPERTIES AND EXPORTS PRIVATE LIMITED	Director	30-09-08	02-01-08	-	Active	NO
11	U27320DL2008PTC173241	ARDENT MACHVISION PRIVATE LIMITED	Director	28-01-08	28-01-08	-	Active	NO
12	U27104CT2004PTC016472	INDIAN STEEL AND POWER PRIVATE LIMITED	Director	30-03-08	30-03-08	-	Active	NO
13	U72200DL2005PTC140764	SAS IT CONSULTANCY SERVICES PRIVATE LIMITED	Director	30-09-08	01-08-08	-	Active	NO
14	U74120DL2008PTC185834	PROACTIVE INFRASTRUCTURE PRIVATE LIMITED	Director	22-12-08	22-12-08	15-04-10	Active	NO
15	U74999DL1995PTC066123	PSU FINANCE PRIVATE LIMITED	Additional director	02-11-11	02-11-11	-	Active	NO

Name :

Mr. Sulekh Chand Jain

Designation :

Director

Address :

H. No. 39, Arihant Nagar, New Delhi-110028, India

Date of Birth/Age :

27.04.1933

Date of Appointment :

03.08.2009

Din No.:

00365095

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	U15510DL2005PTC135949	VICTORY BREWERIES PRIVATE LIMITED	Director	09-05-05	09-05-05	-	Active	NO
2	U13100DL2005PTC137015	ICON MINERALS PRIVATE LIMITED	Director	10-12-05	10-12-05	-	Active	NO
3	U85195DL2006PTC145535	SHREE HARI DIAGNOSTICS PRIVATE LIMITED	Director	30-01-06	30-01-06	01-10-09	Active	NO
4	U51109WB1996PTC080859	MILAN MERCHANTS PRIVATE LIMITED	Director	30-09-08	02-01-08	-	Amalgamated	NO
5	U51109WB1996PTC077588	WELTEX MERCANTILES PRIVATE LIMITED	Director	30-09-08	31-05-08	-	Amalgamated	NO
6	U40109DL2006PLC155618	TRN ENERGY LIMITED	Director	03-08-09	03-08-09	-	Active	NO
7	U74120DL2008PTC185834	PROACTIVE INFRASTRUCTURE PRIVATE LIMITED	Additional director	15-04-10	15-04-10	-	Active	NO
8	U74999DL1995PTC066123	PSU FINANCE PRIVATE LIMITED	Additional director	02-11-11	02-11-11	-	Active	NO

Name :

Mr. Vaibhav Jain

Designation :

Director

Address :

39, Arihant Nagar, Punjabi Bagh, New Delhi-110026, India

Date of Birth/Age :

19.12.1987

Date of Appointment :

03.08.2009

Din No.:

00917433

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	U67120WB1994PTC065546	JAISRI PROPERTIES AND EXPORTS PRIVATE LIMITED	Director	30-09-08	02-01-08	Active	NO
2	U51109WB1996PTC077588	WELTEX MERCANTILES PRIVATE LIMITED	Director	30-09-08	31-05-08	Amalgamated	NO
3	U40109DL2006PLC155618	TRN ENERGY LIMITED	Director	03-08-09	03-08-09	Active	NO
4	U45400DL2008PTC174914	LS MINING PRIVATE LIMITED	Director	06-09-10	16-11-09	Active	NO
5	U74999DL1995PTC066123	PSU FINANCE PRIVATE LIMITED	Additional director	02-11-11	02-11-11	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	Address of Shareholders	No. of Shares
Anil Kumar Sulekh Chand Jain	H. No. 39, Punjab Bagh West, New Delhi-110028, India	1165000
Sanjay Sulekh Chand Jain	39, Arihant Nagar, Punjabi Bagh, New Delhi-110026, India	2005000
Atma Securities Private Limited, India	752, Kundewalan Street, Ajmeri Gate, New Delhi-110006, India	5670000
ACB (India) Power Limited, India	C-102, LGF, Surya Enclave, New Multan Nagar, New Delhi-110056, India	16300000
Jaisri Properties and Exports Private Limited, India	9/12, Lal Bazar, Ste Block, 2^nd Floor, Kolkata-700001, India	6820784
Total		31960784

As on 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	90.08
Directors or relatives of directors	9.92
Total	100.00

BUSINESS DETAILS

Line of Business :

Power Generation.

GENERAL INFORMATION

Bankers :

Not Available

Banking Relations :	--
Auditors :
Name :	BSR and Company Chartered Accountants
Address :	Building No. 10, 8^th Floor, Tower B, DLF Cyber City, Phase II, Gurgaon-122002, Haryana, India
Pan No.:	AAIFB0630K
Ultimate Holding Company:	ACB (India) Limited
Holding Company:	· ACB (India) Limited [Upto 30.03.2011] · ACB (India) Power Limited [w.e.f 31.03.2011]
Enterprises over which key management personnel exercise significant influences:	· Jaisri Properties & Exports Private Limited (w.e.f. 31.12.2009) · Milan Merchants Private Limited (w.e.f. 31.12.2009) · Atma Securities Private Limited · Weltex Mercantiles Private Limited (w.e.f. 26.12.2010)

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
31960784	Equity Shares	Rs.10/- each	Rs.319.608 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		319.608	130.000	0.500
2] Share Application Money		61.492	88.500	1.800
3] Reserves & Surplus		0.000	0.000	0.015
4] (Accumulated Losses)		(4.195)	(1.997)	0.000
NETWORTH		376.905	216.503	2.315
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		376.905	216.503	2.315
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		162.801	3.878	0.000
Capital work-in-progress		111.803	42.734	1.280
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	103.821	170.025	0.213
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.413	0.195	0.716
Total Current Assets		104.234	170.220	0.929
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors and Other Current Liabilities	1.933	0.329	0.021
	Provisions	0.000	0.000	0.000
Total Current Liabilities		1.933	0.329	0.021
Net Current Assets		102.301	169.891	0.908
MISCELLANEOUS EXPENSES		0.000	0.000	0.127
TOTAL		376.905	216.503	2.315

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	0.000	0.000	0.119
		Other Income	0.000	0.000	0.000
		TOTAL	0.000	0.000	0.119
Less	EXPENSES
		Audit Fee		0.110	0.021
		Bank Charges		0.038	0.002
		Miscellaneous Expenses		0.016	0.004
		Printing and Stationery	2.197	0.011	0.001
		Rate, Fee and Taxes		1.567	0.004
		Office Rent		0.036	0.000
		Sundry Balances Written Off		0.100	0.000
		Preliminary Expenses Written Off		0.126	0.018
		TOTAL	2.197	2.004	0.050
	PROFIT / (LOSS) BEFORE TAX		(2.197)	(2.004)	0.069
Less	TAX		0.000	0.008	0.000
	PROFIT / (LOSS) AFTER TAX		(2.197)	(2.012)	0.069
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.000	0.000	0.000
	BALANCE CARRIED TO THE B/S		(2.197)	(2.012)	0.069
	Earnings / (Loss) Per Share (Rs.)		(0.17)	(0.59)	1.38

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.00	0.00	57.98
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	57.98
Return on Total Assets (PBT/Total Assets}	(%)	(0.82)	(1.15)	7.43
Return on Investment (ROI) (PBT/Networth)		(0.01)	(0.01)	0.03
Debt Equity Ratio (Total Liability/Networth)		0.01	0.00	0.01
Current Ratio (Current Asset/Current Liability)		53.92	517.39	44.24

LOCAL AGENCY FURTHER INFORMATION

BACKGROUND:

Subject, the company was incorporated on 17 November 2006. The company has entered into an Memorandum of Understanding with Chhattisgarh State Electricity Board for setting up of 625 MW thermal power plant in the State of Chhattisgarh. Further the company has entered into Implementation Agreement on 15 January 2010 with Government of Chhattisgarh and Chhattisgarh State Power Holding Company Limited.

FINANCIAL RESULTS:

During the year, the company has not started any operation and it has incurred an expenses of Rs.2.197 Millions as compared to expenses of Rs.2.004 millions during last year.

FIXED ASSETS:

· Land and Building

· Furniture and Fixtures

· Freehold Land

· Land Improvements

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 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.49.07
UK Pound	1	Rs.78.09
Euro	1	Rs.65.15

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		26

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.