MIRA INFORM REPORT

Report Date :

03.01.2013

IDENTIFICATION DETAILS

Name :	ACME TELE POWER LIMITED (w.e.f 29.08.2005)

Formerly Known As :	ACME TELE POWER PRIVATE LIMITED

Registered Office :	Plot No. 152, Sector 44, Gurgaon-122002, Haryana

Country :	India

Financials (as on) :	31.03.2011

Date of Incorporation :	14.01.2003

Com. Reg. No.:	05-035026

Capital Investment / Paid-up Capital :	Rs.384.097 Millions

CIN No.: [Company Identification No.]	U64202HR2003PLC035026

TAN No.: [Tax Deduction & Collection Account No.]	RTKA03044G

PAN No.: [Permanent Account No.]	AAECA0914A

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer of Green Shelter, Power Interface Unit [PIU] and All fresh Cold Storage.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 36300000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. There appears some dip in the turnover also, the company has incurred loss. However, networth of the company appears to be satisfactory. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

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 – June 30, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	SP 2A
Rating Explanation	High performance capability and high financial strength.
Date	31.12.2011

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered / Corporate Office :	Plot No. 152, Sector 44, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-7117000
Fax No.:	91-124-7117001
E-Mail :	rajesh.sodhi@acme.in
Website :	http://www.acmetelepower.com

Head Office :	Discovery, Plot No. 48, Sector – 5, IMT Manesar, Gurgaon, Haryana, India
Tel. No.:	91-124-2291361 / 62, 2291225 / 2291378
Fax No.:	91-124-2291352

Factory 1 :	Plot No.3-8, 29-34, Sector-V, IIE, SIDCUL, Pantnagar – 263153, Uttranchal, India

Factory 2 :	Swaraj Building, Sector 4 Crossing, Village Ambota, Kasauli Road, Parwanoo – 173220, District Solan, Himachal Pradesh, India
Tel. No.:	91-1792-235042
Fax No.:	91-1792-235065/235265

Factory 3 :	Plot No.90, Sector – 5, IMT Manesar, Gurgaon, Haryana, India
Tel. No.:	91-124-2291361
Fax No.:	91-124-2291352

R and D Centre :	Plot No. 182A, Sector – 3, IMT, Manesar – 122050, Gurgaon, Haryana, India

Branch Office :	Domestic Offices · Ahmedabad · Bhubaneshwar · Chandigarh · Chennai · Guwahati · Hyderabad · Indore · Jaipur · Kolkata · Lucknow · Meerut · Mumbai · Patna · Pune International Offices · Washington · New York · Singapore · Cyprus · Toronto · Djakarta

DIRECTORS

AS ON 30.11.2011

Name :

Mr. Manoj Kumar Upadhyay

Designation :

Chairman cum Managing Director

Address :

F - 49, 2^nd Floor, Tulip Garden, Sushant Lok, Gurgaon – 122 002, Haryana, India

Date of Birth/Age :

01.06.1970

Date of Appointment :

26.03.2003

Din No.:

01282332

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U33203DL1999PTC099946	ADHUNIK POWER SYSTEMS PRIVATE LIMITED	Director	26/05/1999	26/05/1999	09/10/2006	Active	YES
2	U64202HR2003PLC035026	ACME TELE POWER LIMITED	Managing director	26/03/2003	26/03/2003	-	Active	NO
3	U25206DL2005PTC131813	MKU HOLDINGS PRIVATE LIMITED	Director	04/01/2005	04/01/2005	-	Active	NO
4	U74120DL2005PTC140800	ACME GREEN ENERGY INFRA PROJECTS PRIVATE LIMITED	Director	15/09/2005	15/09/2005	06/08/2011	Active	NO
5	U40104DL2006PTC152811	ACME ENERGY SOLUTIONS PRIVATE LIMITED	Director	31/08/2006	31/08/2006	16/06/2011	Active	NO
6	U29192DL2006PTC152527	ACME COLD CHAIN SOLUTIONS PRV LTD	Additional director	08/03/2007	08/03/2007	14/07/2010	Active	NO
7	U40300HR2007PTC036826	ACME Jodhpur Solar Power Private Limited	Director	03/05/2007	03/05/2007	14/07/2010	Active	NO
8	U71290DL2006PLC151280	ACME TELECOM ASSETS LIMITED	Director	29/09/2008	11/03/2008	-	Active	NO
9	U32109HR2008PTC038030	ACME COLD CHAIN INFRASTRUCTURE PRIVATE LIMITED	Director	12/06/2008	12/06/2008	06/08/2011	Active	NO
10	U40109DL2006PTC151281	ACME ENVIRO SOLUTIONS PRIVATE LIMITED	Additional director	20/01/2009	20/01/2009	14/07/2010	Active	NO
11	U40105HR2009PTC038901	ACME SOLAR TECHNOLOGIES (GUJARAT) PRIVATE LIMITED	Director	20/03/2009	20/03/2009	14/07/2010	Active	NO
12	U40300HR2009PTC038900	ACME SOLAR ENERGY (MADHYA PRADESH) PRIVATE LIMITED	Director	20/03/2009	20/03/2009	14/07/2010	Active	NO
13	U40108HR2009PTC039102	ACME BIKANER SOLAR POWER PRIVATE LIMITED	Director	19/05/2009	19/05/2009	14/07/2010	Active	NO
14	U40104HR2009PTC039681	ACME JAISALMER SOLAR POWER PRIVATE LIMITED	Director	06/11/2009	06/11/2009	14/07/2010	Active	NO
15	U40106RJ2010PTC031977	ACME JAIPUR SOLAR POWER PRIVATE LIMITED	Director	31/05/2010	31/05/2010	14/07/2010	Active	NO
16	U74140HR2010PTC041538	ACME SOLAR ENERGY PRIVATE LIMITED	Director	29/09/2012	22/08/2012	-	Active	NO

Name :

Ms. Mamta Upadhyay

Designation :

Additional Director

Address :

F - 49, 2^nd Floor, Tulip Garden, Sushant Lok, Gurgaon – 122 002, Haryana, India

Date of Birth/Age :

06.06.1974

Date of Appointment :

30.09.2010

Din No.:

01285751

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U64202HR2003PLC035026	ACME TELE POWER LIMITED	Director	30/09/2010	14/01/2003	-	Active	NO
2	U25206DL2005PTC131813	MKU HOLDINGS PRIVATE LIMITED	Director	04/01/2005	04/01/2005	-	Active	NO
3	U74120DL2005PTC140800	ACME GREEN ENERGY INFRA PROJECTS PRIVATE LIMITED	Director	15/09/2005	15/09/2005	06/08/2011	Active	NO
4	U71290DL2006PLC151280	ACME TELECOM ASSETS LIMITED	Director	26/07/2006	26/07/2006	14/07/2010	Active	NO
5	U11103DL2006PTC151658	OPULENCE INFRAVENTURE PRIVATE LIMITED	Director	05/08/2006	05/08/2006	16/01/2009	Active	NO
6	U40104DL2006PTC152811	ACME ENERGY SOLUTIONS PRIVATE LIMITED	Director	31/08/2006	31/08/2006	16/06/2011	Active	NO
7	U40300HR2007PTC036826	ACME JODHPUR SOLAR POWER PRIVATE LIMITED	Director	03/05/2007	03/05/2007	14/07/2010	Active	NO
8	U32109HR2008PTC038030	ACME COLD CHAIN INFRASTRUCTURE PRIVATE LIMITED	Director	12/06/2008	12/06/2008	06/08/2011	Active	NO
9	U40108HR2009PTC039102	ACME BIKANER SOLAR POWER PRIVATE LIMITED	Director	19/05/2009	19/05/2009	14/07/2010	Active	NO
10	U40104HR2009PTC039681	ACME JAISALMER SOLAR POWER PRIVATE LIMITED	Director	06/11/2009	06/11/2009	14/07/2010	Active	NO
11	U40106RJ2010PTC031977	ACME JAIPUR SOLAR POWER PRIVATE LIMITED	Director	31/05/2010	31/05/2010	14/07/2010	Active	NO

Name :

Mr. Rama Bhilash Ram Kushal Mishra

Designation :

Director

Address :

B-2/104, PWO Housing Complex, Sector-43, Near Hotel Park Plaza, Gurgaon - 122002, Haryana, India

Date of Birth/Age :

15.09.1948

Date of Appointment :

30.09.2010

Din No.:

01381459

Other Directorship:

S. No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U40109MP2001SGC014880	MADHYA PRADESH POWER TRANSMISSION COMPANY LIMITED	Director	19/12/2007	09/08/2002	29/11/2010	Active	NO
2	U40101DL2006PLC154627	JAYPEE POWERGRID LIMITED	Whole-time director	02/03/2007	02/03/2007	29/09/2008	Active	NO
3	U64202HR2003PLC035026	ACME TELE POWER LIMITED	Director	30/09/2010	23/09/2010	-	Active	NO
4	U40300HR2011PTC044089	MEDHA ENERGY PRIVATE LIMITED	Director	13/10/2011	13/10/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajes Sodhi
Designation :	Company Secretary
Address :	7/113, Ramesh Nagar, New Delhi – 110015, Delhi, India
Date of Birth/Age :	01.05.1967
Date of Appointment :	06.09.2010
Pan No.:	AGZPS3457N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.11.2011

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

AS ON 30.11.2011

Equity Share Breakup		Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]		14.96
Bodies corporate		62.93
Directors or relatives of directors		21.88
Other top fifty shareholders		0.23
TOTAL		100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Green Shelter, Power Interface Unit [PIU] and All fresh Cold Storage.

PRODUCTION STATUS [AS ON 31.03.2011]

Particulars	Unit	Installed Capacity *	Actual Production
Air Conditioner/ Battery Coolers	Nos.	90000	15000
Power Interface Unit	Nos.	81000	10315
Shelters	Nos.	75000	12463
Phase Change Material	Kwh.	350000	24
AC/DC Energy Meters	Nos.	75000	--
DCDG	Nos.	12000	950

NOTE: * Installed capacities are annual and are as certified by the management, but not verified by the auditors, being a technical matter.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Axis Bank Limited, Statesman House, 2^nd Floor, 148 Barakhamba Road, New Delhi – 110001, India

· Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, India

· State Bank of India, Commercial Branch, 6^th Floor, Palm Court, Mehrauli Gurgaon Road, Gurgaon – 122001, Haryana, India

· ABN Amro Bank N.V., Hansalaya Building, 15, Barakhamba Road, New Delhi-110046, India

· Citi Bank N.A., Jeevan Vihar, 3 Sansad Marg, New Delhi-110001, India

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loans banks	0.000	120.000
Working capital loans banks	200.000	0.000
Other debt	703.500 (A)	141.600 (B)
TOTAL	903.500 (C)	261.600 (D)
NOTE: (A) Cash credit accounts (B) Cash credit accounts (C) All of the above loans outstanding as at the yearend are short term loans repayable on demand. - Working capital loan facility from SBI bank is secured by first pari-passu charge with other MBA working capital bankers on the entire current assets of the Company both present and future. - Cash credit facility from HDFC bank is secured by hypothecation of all stock in trade consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise, all the book debts, outstanding monies receivable, claims and bills by way of first charge on pari passu basis. - Cash credit facility from HSBC bank is secured by hypothecation of all stock in trade consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise, all the book debts, outstanding monies receivable, claims and bills by way of first charge on pari passu basis. (D) All of the above loans outstanding as at the yearend are short term loans repayable on demand. - Working capital loan facility from SBI bank is secured by first pari-passu charge with other MBA working capital bankers on the entire current assets of the Company both present and future. - Cash credit facility from HDFC bank is secured by hypothecation of all stock in trade consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise, all the book debts, outstanding monies receivable, claims and bills by way of first charge on pari passu basis. - Cash credit facility from HSBC bank is secured by hypothecation of all stock in trade consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise, all the book debts, outstanding monies receivable, claims and bills by way of first charge on pari passu basis.

Unsecured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Other Debts	970.300 (A)	0.000 (B)
TOTAL	970.300 (C)	0.000
NOTE: (A) From Holding Company : 4703 Commercial papers : 5000 (B) From Holding Company : 0 Commercial papers : 0 (C) All of the above loans outstanding as at the yearend are short term loans repayable on demand.


Banking Relations :	--

Auditors :
Name :	Walker Chandiok and Company Chartered Accountants
Address :	L 41 Connaught Circus, New Delhi – 110001, Delhi, India
Tel. No.:	91-11-42787070
Fax No.:	91-11-42787071
PAN No:	AAAFW4298E

Holding Company :	MKU Holdings Private Limited

Subsidiaries :	· ACME Tele Power (Cyprus) Limited · ACME Tele Power (Mauritius) Private Limited · ACME Jodhpur Solar Power Private Limited (Formerly known as G S Financial Services Private Limited) · ACME Solar Technologies (Gujarat) Private Limited · ACME Telecom Assets Limited · Reime Ghana Limited (Step down subsidiary) · Reime Cote d’Ivore sprl (Step down subsidiary) · Reime Kenya Limited (Step down subsidiary) · Reime Tanzania Limited (Step down subsidiary) · Reime Uganda Limited (Step down subsidiary) · Reime West Africa Limited (Step down subsidiary) · Reime NIS Middle East (FZE), Dubai (Step down subsidiary) · Reime Jarslo AS (The Company seized to be a step down subsidiary with effect from May, 26 2010) · Reime DRC SPRL (step down subsidiary) · Reime Limited (Malawi) (step down subsidiary) · Reime Zambia Limited (step down subsidiary) · Reime Madgascar Limited (step down subsidiary) · Green Energy Management Services Private Limited, Bangladesh

Fellow Subsidiaries :	· P.T. Hunter Fungsional Telekom Limited, Indonesia (Sezied to be subsidiary at the end of the year) · ACME Cold Chain Solutions Private Limited · VRS Infotech Private Limited · ACME Enviro Solutions Private Limited (Formerly known as G S Water Treatment Technologies Private Limited) · Opulence Infraventure Private Limited (Formerly known as ACME Fuel Cell Private Limited) · MKU Cyprus Limited (Formerly known as Green Shelter Innovations Limited) · ACME Global Inc. · MKU Canada Inc. liquidated on September 24, 2009 · Astris sro, Czech Republic · ACME Tele Power (Singapore) PTE Limited (Ceased to be a fellow subsidiary on March 1, 2011)

Joint Venture :	· ACME Jaisalmer Solar Power Private Limited · Acme Jaipur Solar Power Private Limited · ACME Solar Energy Private Limited · Acme Bikaner Solar Power Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
260000000	Equity Shares	Rs.2/- each	Rs.520.000 Millions
2000000	Preferences Shares	Rs.10/- each	Rs.20.000 Millions
	Total		Rs.540.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
192048530	Equity Shares	Rs.2/- each	Rs.384.097 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		384.097	331.300	347.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		8707.103	9361.200	12451.200
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9091.200	9692.500	12798.300
LOAN FUNDS
1] Secured Loans		903.500	261.600	495.700
2] Unsecured Loans		970.300	0.000	0.000
TOTAL BORROWING		1873.800	261.600	495.700
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		10965.000	9954.100	13294.000

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		914.000	957.300	951.600
Capital work-in-progress		569.600	238.600	82.000

INVESTMENT		958.800	744.800	113.000
DEFERREX TAX ASSETS		268.100	66.000	4.600

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1234.500	1277.700	1478.400
	Sundry Debtors	1839.200	3110.400	5881.200
	Cash & Bank Balances	873.100	425.800	4853.100
	Other Current Assets	762.500	427.800	360.900
	Loans & Advances	5111.500	4461.400	2818.000
Total Current Assets		9820.800	9703.100	15391.600
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	929.300	1404.800	2723.100
	Other Current Liabilities	555.600	237.400	381.900
	Provisions	81.400	113.500	143.800
Total Current Liabilities		1566.300	1755.700	3248.800
Net Current Assets		8254.500	7947.400	12142.800

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		10965.000	9954.100	13294.000

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	3359.600	6170.400	20697.600
		Other Income	399.200	224.000	610.000
		TOTAL (A)	3758.800	6394.400	21307.600

Less	EXPENSES
		Consumption materials changes inventories	1960.700	3433.400
		Manufacturing service costs	909.800	1160.800
		Employee related expenses	830.500	736.100	15914.600
		Administrative selling other expenses	656.500	709.300
		Prior period items	20.100	13.000
		TOTAL (B)	4377.600	6052.600	15914.600

Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(618.800)	341.800	5393.000

Less	FINANCIAL EXPENSES (D)		75.800	19.200	65.000

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(694.600)	322.600	5328.000

Less/ Add	DEPRECIATION/ AMORTISATION (F)		122.300	103.700	126.400

	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(816.900)	218.900	5201.600

Less	TAX (H)		(198.600)	(42.000)	147.800

	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(618.300)	260.900	5053.800

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD				6189.000

	BALANCE CARRIED TO THE B/S		NA	NA	11242.800

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	494.000	58.800	726.400

	IMPORTS
		Raw Materials	NA	349.000	756.900
		Capital Goods	NA	0.600	112.200
	TOTAL IMPORTS		NA	349.600	869.100

	Earnings / (Loss) Per Share (Rs.)		(3.22)	1.58	29.41

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(16.45)	4.08	23.72

Net Profit Margin (PBT/Sales)	(%)	(24.32)	3.55	25.13

Return on Total Assets (PBT/Total Assets}	(%)	(76.10)	2.05	31.83

Return on Investment (ROI) (PBT/Networth)		(0.09)	0.02	0.41

Debt Equity Ratio (Total Liability/Networth)		0.38	0.21	0.29

Current Ratio (Current Asset/Current Liability)		6.27	5.53	4.74

LOCAL AGENCY FURTHER INFORMATION

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

NOTE:

The registered office of the company has been shifted from Plot No. 2, Sector 34, EHTP, Gurgaon-122001, Haryana, India to the present address.

OPERATIONS:

During the year, the performance of telecom industry was not very encouraging. The company has taken various initiatives to sustain in this scenario as well as reduction in its overheads. They are hopeful of bouncing back in the near term. The Company is getting operation and maintenance contracts from its customers. The Company is also getting orders from Military Engineering Services (MES) for Water Management Solutions and Shelters. The company had been awarded 10MW solar thermal power project at Bikaner, Rajasthan and out of that 2.5MW has got operational during the year.

The company’s subsidiary “ACME Solar Technologies (Gujarat) Private Limited” had also been awarded 15MW solar PV power project at Khambat, Gujarat, which is under advance stages of implementation. The Company is doing Engineering, Procurement and Construction (EPC) of the project.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Modification of charge
Charge identification number of the modified	10028931
Corporate identity number of the company	U64202HR2003PLC035026
Name of the company	ACME TELE POWER LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No. 152, Sector 44, Gurgaon-122002, Haryana, India
Type of charge	Immovable Property
Particular of charge holder	Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, India Email: ashima.tandon@sc.com
Nature of description of the instrument creating or modifying the charge	Supplemental memorandum of entry
Date of instrument Creating the charge	07.11.2012
Amount secured by the charge	Rs.350.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As Per Facility Advice Letter Dated 3.11.2012 Terms of Repayment As Per Facility Advice Letter Dated 3.11.2012 Margin As Per Facility Advice Letter Dated 3.11.2012 Extent and Operation of the charge The security by way of first pari passu charge over current assets and fixed assets (USD 4.05 million over immovable fixed assets) has been created in favour of standard chartered bank for the purpose of securing the fund and non fund based facility to the extent of USD 7 million granted / to be granted to Acme Tele Power Limited. Others For the purpose of filing the form 8, it is clarified that the facility amount is repayable in USD, hence, any repayment from the sale / enforcement proceeds of the above said assets shall be made at the prevailing foreign currency exchange rate, for conversion from Indian rupees to USD, at the time of repayment, to ensure full repayment of the facility amount.
Short particulars of the property charged	1st pari-passu charge on current assets. Security cover to minimum of 3x 1st pari-passu charge on fixed assets including immovable property at Plot No.3-8, 29-34, Sector-5, IIE Pant Nagar, Udham Singh Nagar. security cover to minimum of 0.83x on immovable fixed assets
Date of latest modification prior to the present modification	13.01.2011
Particulars of the present modification	Out of USD 7 MN Bank’s 1st p/p charge over co's imm. Prop. I.e. Land meas. 11280 sq. Mtr. Sit. At plot no.3 to 8 and 29 to 34, Sec.-5 Indl. Area, i.e. Pant Nagar, Udham Singh Nagar, together with all the build. And Struc. Const. Or to be const. Thereon, fixed p/machinery attached to the earth or permanently fastened to anything attached to the earth, f/fittings erected/ installed or to be erected/installed or to be erected/installed thereon and every part thereof has been reduced to USD 4.05 MN

FIXED ASSETS:

· Freehold Land

· Leasehold Land

· Buildings

· Non Factory Buildings

· Vehicles

· Electrical Equipments

· Electrical Installation and Fittings

· Furniture and Fixtures

· Office Equipments

· Computer

· Computer Software

· Technical know how

WEBSITE DETAILS:

OVERVIEW:

Subject is one of the foremost providers of technology solutions to the global wireless telecom industry. The company’s green and innovative solutions incorporate consultancy, design, manufacture and maintenance of integrated passive infrastructure, aimed specifically at fulfilling the requirements of the telecom sector. Innovation through Research and Development (R and D) has enabled subject to build solutions that are environmentally-friendly, cost-effective and energy-efficient while providing its clients with enhanced return on investment as well as speedy time to market.

Subject stands apart from competition in its ability and expertise, backed by seven years of experience, in offering comprehensive end-to-end solutions including provision of enclosures, cooling and electrical solutions, packaged in the unique “Green Shelter” concept. This concept, pioneered by subject, encompasses various components that fit diverse environment and temperature parameters at telecom sites, thus reducing dependence on back-up systems such as diesel generators.

The company’s solutions are targeted at helping telecom players conserve time, cost, energy and the environment while boosting their productivity. In effect, subject offers green, original and efficient solutions that work across the telecom sector, all the time and every time.

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 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.54.39
UK Pound	1	Rs.88.75
Euro	1	Rs.72.19

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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		50

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.

MIRA INFORM REPORT

1234.500

1277.700

1478.400

1839.200

3110.400

5881.200

873.100

425.800

4853.100

762.500

427.800

360.900

5111.500

4461.400

2818.000

9820.800

9703.100

929.300

1404.800

2723.100

555.600

237.400

81.400

113.500

143.800

1566.300

1755.700

3248.800

8254.500

7947.400

12142.800

(16.45)

4.08

(24.32)

3.55

(76.10)

2.05

(0.09)

0.02

0.38

0.21

6.27

5.53

Unit