MIRA INFORM REPORT

Report No. :	349126
Report Date :	28.11.2015

IDENTIFICATION DETAILS

Name :	SRI GOMATHI ENERGY PRIVATE LIMITED [w.e.f.20.05.2011]
Formerly Known As :	GOMATHI ENERGY PRIVATE LIMITED
Registered Office :	10-2-46, Plot No. 118, Road No.3, Street No.7, West Marredpally, Secunderabad – 500026, Telangana
Tel. No.:	91-40-27801421
Country :	India
Financials (as on) :	31.03.2015 [Provisional]
Date of Incorporation :	13.01.2010
Com. Reg. No.:	066677
Capital Investment / Paid-up Capital :	Rs. 37.064 Million
CIN No.: [Company Identification No.]	U40102TG2010PTC066677
IEC No.:	0910010960
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADCG6525G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Power producer Thermal based Power Plant.
No. of Employees :	40 (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

Status :	Recently Commence Business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2010. Mr. Srinivas, Manager has informed that the company has recently commenced its business operations from April 2015. As per the available financials, the company has decent financial base and adequate networth position. Further, the company is working for various projects. The proposed 30MW power project is located near Madavalli Village. Business is active. 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. A. Srinivas
Designation :	Manager
Contact No.:	91-9701715854
Date :	19.11.2015

LOCATIONS

Registered Office :	10-2-46, Plot No. 118, Road No.3, Street No.7, West Marredpally, Secunderabad – 500026, Telangana, India
Tel. No.:	91-40-27801421
Mobile No.:	91-9391174608 [Mr. Srinivas Rao Prodduturi] 91-9701715854 [Mr. A. Srinivas]
Fax No.:	Not Available
E-Mail :	info@psrventures.com
Website :	http://www.psrventures.com
Location :	Owned
Factory :	Madavalli Village, Dahegaon Mandal, District Adilabad, Telangana, India
Location :	Owned

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Srinivas Rao Prodduturi

Designation :

Managing director

Address :

#10-2-46, P. No 118, St No 7, Road No.3, West Marredpally, Secunderabad - 500026, Andhra Pradesh, India

Date of Birth/Age :

15.10.1960

Qualification :

Graduate

Date of Appointment :

22.11.2010

PAN No.:

AGYPP5208K

DIN No.:

01833732

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	U40101KA2003PTC032141	LIMBAVALI POWER PRIVATE LIMITED	Director	02-08-2010	16-09-2004	30-09-2015	Active	NO
2	U45200TG2006PLC050027	LEO MERIDIAN INFRASTRUCTURE PROJECTS LIMITED	Director	10-05-2006	10-05-2006	02-09-2007	Active	NO
3	U40102KA2007PTC042049	PSR HYDRO ENERGY PRIVATE LIMITED	Managing director	09-03-2007	09-03-2007	-	Active	NO
4	U40108TG2010PTC067903	SEWA HYDRO POWER PRIVATE LIMITED	Director	12-04-2010	12-04-2010	14-05-2010	Active	NO
5	U40108TG2010PTC068163	K K RENEWABLE ENERGIES PRIVATE LIMITED	Director	29-04-2010	29-04-2010	-	Active	NO
6	U40102TG2010PTC066677	SRI GOMATHI ENERGY PRIVATE LIMITED	Managing director	10-05-2011	22-11-2010	-	Active	NO
7	U21010KL2010PTC025561	STK PAPER AND BOARDS PRIVATE LIMITED	Director	30-09-2011	15-07-2011	-	Active	NO
8	U21012KL1931PLC000870	PUNALUR PAPER MILLS LIMITED	Managing director	12-11-2011	11-10-2011	23-07-2013	Active	NO
9	U40108TG2011PTC072397	YASHODA ENERGY PRIVATE LIMITED	Director	08-12-2011	08-12-2011	-	Active	NO
10	U01407KL2013PTC034875	KOTTAVATTOM ESTATES PRIVATE LIMITED	Director	31-08-2013	31-08-2013	-	Active	NO
11	U01407KL2013PTC034888	BROOKE VIEW ESTATES PRIVATE LIMITED	Director	31-08-2013	31-08-2013	-	Active	NO
12	U40108TG2014PTC095235	AARES POWERGEN & INFRASTRUCTURE PRIVATE LIMITED	Director	12-08-2014	12-08-2014	-	Active	NO
13	U52190TG2014PTC095236	AARES COMTRADE & IMPEX PRIVATE LIMITED	Director	12-08-2014	12-08-2014	-	Active	NO
14	U74900TG2015PTC100017	SRI GOMATHI IRON INDUSTRIES PRIVATE LIMITED	Director	03-08-2015	03-08-2015	-	Active	NO

Name :

Mrs. Arun Jyothi Prodduturi

Designation :

Director

Address :

#10-2-46, P. No 118, St No 7, Road No.3, West Marredpally, Secunderabad - 500026, Andhra Pradesh, India

Date of Birth/Age :

20.03.1962

Qualification :

Graduate

Date of Appointment :

10.05.2011

PAN No.:

AGYPP6091L

DIN No.:

01833787

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	U40101KA2003PTC032141	LIMBAVALI POWER PRIVATE LIMITED	Director	16-09-2004	16-09-2004	02-08-2010	Active	NO
2	U40102KA2007PTC042049	PSR HYDRO ENERGY PRIVATE LIMITED	Director	09-03-2007	09-03-2007	-	Active	NO
3	U40108TG2010PTC067903	SEWA HYDRO POWER PRIVATE LIMITED	Director	12-04-2010	12-04-2010	14-05-2010	Active	NO
4	U40108TG2010PTC068163	K K RENEWABLE ENERGIES PRIVATE LIMITED	Director	14-06-2010	14-06-2010	-	Active	NO
5	U40102TG2010PTC066677	SRI GOMATHI ENERGY PRIVATE LIMITED	Director	10-05-2011	10-05-2011	-	Active	NO
6	U21010KL2010PTC025561	STK PAPER AND BOARDS PRIVATE LIMITED	Director	30-09-2011	15-07-2011	-	Active	NO
7	U21012KL1931PLC000870	PUNALUR PAPER MILLS LIMITED	Director	12-11-2011	11-10-2011	-	Active	NO
8	U40108TG2011PTC072397	YASHODA ENERGY PRIVATE LIMITED	Director	08-12-2011	08-12-2011	-	Active	NO
9	U01407KL2013PTC034888	BROOKE VIEW ESTATES PRIVATE LIMITED	Director	31-08-2013	31-08-2013	-	Active	NO
10	U74900TG2015PTC100017	SRI GOMATHI IRON INDUSTRIES PRIVATE LIMITED	Director	03-08-2015	03-08-2015	-	Active	NO

Name :

Mr. Kaushik Kumar Kathuri

Designation :

Alternate director

Address :

Plot No.5, Sanjeevaiah Co-Operative Housing Society, Secunderabad - 500009, Andhra Pradesh, India

Date of Birth/Age :

17.10.1983

Date of Appointment :

18.08.2012

DIN No.:

02895638

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	Company/ LLP Status	Defaulting status
1	U40108TG2010PTC068163	K K RENEWABLE ENERGIES PRIVATE LIMITED	Director	29-04-2010	29-04-2010	Active	NO
2	U40102TG2010PTC066677	SRI GOMATHI ENERGY PRIVATE LIMITED	Alternate director	18-08-2012	18-08-2012	Active	NO
3	U72900TG2014PTC093902	JBB Business Solutions Private Limited	Director	30-03-2014	30-03-2014	Active	NO

KEY EXECUTIVES

Name :	Mr. A. Srinivas
Designation :	Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2015

Names of Shareholders	No. of Shares	Percentage of Holding
Srinivas Rao Prodduturi	3430528	92.56
Arun Jyothi Prodduturi	275910	7.44
Total	3706438	100.00

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Power producer Thermal based Power Plant.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :
Selling :	Cash and Credit [30 Days, 60 Days and 90 Days]
Purchasing :	Cash and Credit [30 Days, 60 Days and 90 Days]

PRODUCTION STATUS

Particulars	Installed Capacity
Thermal based Power Plant	30 MW

GENERAL INFORMATION

Suppliers :

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

End users and OEMs

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

No. of Employees :

40 (Approximately)

Bankers :

Bank Name:	Bank of Baroda
Branch:	Park Lane, M.G. Road, Secunderabad, Telangana, India
Person Name (with Designation):	Mr. Yashpal Chawla [Branch Manager]
Contact Number:	91-40-23465131
Name of Account Holder:	Sri Gomathi Energy Private Limited
Account Number:	09540200001059
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	0.025 Million
Credit Facilities Enjoyed (CC/OD/Term Loan):	No Facilities
Account Operation:	Current Account
Remarks:	Number is continuously ringing

Facilities :

SECURED LOANS	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
Bank of Baroda [Hire Purchase Loan]	0.566	0.674
Total	0.566	0.674

Auditors :
Name :	V.S. Reddy and Company Chartered Accountants
Address :	8-2-120/86/3, Flat No. G1, Krishna Sindhu Residency, Road No. 3, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India
Tel. No.:	91-40-23541232/ 23543257
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	· Yasodha Energy Private Limited Address: 10-2-46, Plot No. 118, Road No. 3, Street No. 7, West Marredpally, Secunderabad – 500026, Telangana, India Activity: Thermal based Power Plant

CAPITAL STRUCTURE

AS ON 31.03.2015 [PROVISIONAL]

Authorised Capital :

No. of Shares	Type	Value	Amount
6,000,000	Equity Shares	Rs. 10/- each	Rs. 60.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3,706,438	Equity Shares	Rs. 10/- each	Rs. 37.064 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015 [Provisional]	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	37.064	37.064	37.064
(b) Reserves & Surplus	(8.514)	(4.619)	0.000
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	51.349	41.702	31.144
Total Shareholders’ Funds (1) + (2)	79.899	74.147	68.208
(3) Non-Current Liabilities
(a) Long-term borrowings	0.566	0.674	0.671
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.566	0.674	0.671
(4) Current Liabilities
(a) Short term borrowings	11.153	13.592	10.832
(b) Trade payables	0.148	1.052	1.015
(c) Other current liabilities	4.924	2.715	1.273
(d) Short-term provisions	0.060	0.080	0.034
Total Current Liabilities (4)	16.285	17.439	13.154
TOTAL	96.750	92.260	82.033
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	7.280	7.422	7.620
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	43.026	40.865	34.544
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	50.306	48.287	42.164
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.044	0.001	1.323
(e) Short-term loans and advances	45.878	43.972	38.531
(f) Other current assets	0.522	0.000	0.015
Total Current Assets	46.444	43.973	39.869
TOTAL	96.750	92.260	82.033

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015 [Provisional]	31.03.2014	31.03.2013
	SALES
		Revenue from Operations	0.000	0.000	0.000
		Other Income	0.000	0.046	0.000
		TOTAL (A)	0.000	0.046	0.000
Less	EXPENSES
		Employees benefits expense	2.181	3.189	0.000
		Administration and Other expenses	1.290	1.109	0.000
		TOTAL (B)	3.471	4.298	0.000
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(3.471)	(4.252)	0.000
Less	FINANCIAL EXPENSES (D)		0.220	0.166	0.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(3.691)	(4.418)	0.000
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.204	0.201	0.000
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(3.895)	(4.619)	0.000
Less	TAX (H)		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(3.895)	(4.619)	0.000
	Earnings/ (Loss) Per Share (Rs.)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

PARTICULARS	31.03.2015 [Provisional]	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net Cash flow from (used in) Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015 [Provisional]	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.00	0.00	0.00
Operating Profit Margin (PBDIT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(7.25)	(8.99)	0.00
Return on Investment (ROI) (PBT/Networth)		(0.05)	(0.06)	0.00
Debt Equity Ratio (Total Liability/Networth)		0.15	0.19	0.17
Current Ratio (Current Asset/Current Liability)		2.85	2.52	3.03

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	37.064	37.064	37.064
Reserves & Surplus	0.000	-4.619	-8.514
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	31.144	41.702	51.349
Net worth	68.208	74.147	79.899
Long-term borrowings	0.671	0.674	0.566
Short term borrowings	10.832	13.592	11.153
Total borrowings	11.503	14.266	11.719
Debt/Equity ratio	0.169	0.192	0.147

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	0.000	0.046	0.000
			-100.000

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Total Income	0.000	0.046	0.000
Profit	0.000	(4.619)	(3.895)
		-10041.30%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	Yes
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

------------------------------------------------------------------------------------------------------------------------------

UNSECURED LOANS

(RS. IN MILLION)

PARTICULARS	31.03.2015 (Provisional)	31.03.2014
SHORT TERM BORROWINGS
Loans from Directors and Group Companies	3.676	3.192
Inter Corporate Loans	7.505	7.400
Loans from Others	(0.028)	3.000
Total	11.153	13.592

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. P. SRINIVAS RAO

(RS. IN MILLION)

SR. NO.	PARTICULARS	01.08.2014
	Value of Immovable Properties
1	Open Plot No.3-16-728/3-16-729, Sy. No. 58, Tirumulgherry, Secunderabad (556 Sq. yds. @ Rs. 60000/- Sq. yd.) vide Doc. No. 1528/2001	33.360
2	Open Plot No. 3-16-731, Sy. No. 58, Tirumulgherry, Secunderabad (514 Sq. yds. @ Rs. 60000/- Sq. yd.)	30.840
3	Open Plot No. 3-16-726, Sy. No. 58, Tirumulgherry, Secunderabad (535 Sq. yds. @ Rs. 60000/- Sq. yd.) vide Doc. No. 1443/2001	32.100
4	Commercial Building No. 3-3-593, 594, 620, General Bazar, Secunderabad (109.68 Sq. yd. Ground+3 Floors) vide Doc. No. 900/2005	25.781
5	Open Land 16 Acres at Bellampally, Adilabad Dist	9.600
6	Open Plot 50% Portion of No. 3-16-733, Sy. No. 58, Tirumulgherry, Secunderabad (592 Sq. yds. @ Rs. 60000/- Sq. yd.) vide Doc. No. 1782/2002	35.520
7	Open Land Sy. No. 40, Masentalla Village, Tandur Taluka, Ranga Reddy Dist (15 Acres @ Rs. 8 Lacs per acre)	12.000
	Total	179.201
	Value of Other Assets
1	Movable Assets Motor Cars [3 Vehicles]	1.000
2	Investments Equity Shares of Yashoda Energy Private Limited	52.796
3	Investments Equity Shares of Sri Gomathi Energy Private Limited	34.305
4	Investments Equity Shares of K.K. Renewable Energy Private Limited	1.151
5	Advances Yashoda Energy Private Limited	2.031
6	Advances Sri Gomathi Energy Private Limited	11.043
7	Advances K.K. Renewable Energy Private Limited	0.385
8	Advances Venika Green Power Private Limited	32.500
9	Advances STK Papers and Boards Private Limited	60.000
10	Advances Punalur Paper Mills Limited	35.000
11	Bank Bank Balance at Baroda [as at 31.07.2014]	0.152
12	Jewellery Multiple Items	3.000
	Total	233.363
	Less:
	Total Liabilities	0.000
	TOTAL NETWORTH	412.564

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. P. ARUN JYOTHI

(RS. IN MILLION)

SR. NO.	PARTICULARS	01.08.2014
	Value of Immovable Properties
1	Open Plot No.3-16-729, Sy. No. 58, Tirumulgherry, Secunderabad (650 Sq. yds. @ Rs. 60000/- Sq. yd.) vide Doc. No. 1527/2001	39.000
2	Residential Building No. 10-2-46, Road No. 03, Street No. 07, West Marredapally, Secunderabad (600 Sq. yds.) vide Doc. No. 2404/1993	54.032
	Total	93.032
	Value of Other Assets
1	Investments Equity Shares of Yashoda Energy Private Limited	7.203
2	Investments Equity Shares of Sri Gomathi Energy Private Limited	2.759
3	Investments Equity Shares of K.K. Renewable Energy Private Limited	18.388
4	Advances Venika Green Power Private Limited	25.000
5	Advances Punalur Paper Mills Limited	15.000
6	Advances Sri Gomathi Energy Private Limited	0.172
7	Advances K.K. Renewable Energy Private Limited	0.326
8	Jewellery Multiple Items	4.500
9	Bank Bank Balance at Baroda [as at 31.07.2013]	0.000
	Total	73.348
	Less:
	LIABILITIES
	Borrowed from
	Shri Ram Finance Mortgage Loan	1.700
	TOTAL NETWORTH	164.680

------------------------------------------------------------------------------------------------------------------------------

PROJECT PROFILE

BACKGROUND OF PROMOTERS AND THE COMPANY

Sri Gomathi Energy Private Limited (SGEPL) is a Private Limited Company incorporated under the Companies Act, 1956.

The proposed 30 MW power project is located near Madavalli Village, Dahegaon Mandal Adilabad District, in the coal belt area in Telangana. The Company has already acquired 89 acres of Land for the project. All approvals from Government for setting up a 30 MW coal-based Power plant have already been obtained earlier.

PROMOTORS

Shri Proddaturi Srinivas Rao (PSR) and Mrs. P. Arun Jyothi are the Directors and control the project company and hold 100% equity share capital of SGEPL

PSR aged 55 years, promoter of PSR Ventures hails from a business Family in Secunderabad, Telangana, India with interest in textile trading for over 100 years.

PSR has successfully ventured into and managed leasing and hire purchase business, as well as a construction Company. However, realizing the vast potential in the Power Sector, has entered into power industry with passion and dedication.

With excellent exposure he acquired during his association as an investor and Board member of a successful mini-Hydel power project in Karnataka, he independently developed and successfully implemented a 12MW mini-Hydel Power Plant (Limbavali Power) in Karnataka which is presently generating Power.

Realising vast potential of higher sized power projects especially coal-fired ones, PSR ventured into the present coal-based power project in SGEPL(30 MW) and another 60 MW project and has obtained all major clearances including Environment for both the projects.

Incidentally, exploiting the opportunity of huge demand for existing well run Hydel po􀇁er plants, Mr. Srini􀇀as Rao disinvested his group’s 100 % ownership in 12 MW Limbavali power plant with attractive returns.

PROJECT DETAILS AND EXECUTION

ENERGY

Estimate of annual energy generation @ 85% PLF would be 223.38 MU and after reckoning 7.5% auxiliary consumption, the net saleable power will be approximately 206.63 MU.

TRANSMISSION LINE

The power generated shall be connected to AP TRANSCO 132/220KV grid, at Bellampalli which is at a distance of 26Km from the power house site. Construction power will be drawn from the existing grid.

FUEL

A coal purchase agreement with reputed coal suppliers from Indonesia is in an advanced stage

POWER PURCHASE AGREEMENT

Considering shortage of power in the state of Telangana PPA with a minimum selling price per unit of Rs.4.5 is expected to be concluded with the government or individual consumers.

FINANCIAL CLOSURE

The process of financial closure has been initiated by holding detailed meetings with Chinese collaborators, both in china and India since September’14, where in understandings have been reached between them.

Take responsibility and support the Chinese company in bringing in Chinese guarantees as EPC contractors for the project with all necessary guarantees, procurement of entire equipment and successful completion of the project.

The Chinese company investing INR 750.000 Million as preferential share / as directed by Bankers.

AND

PSR group has already incurred major expenditure towards acquisition of land, obtaining clearances, and other project costs.

SCOPE

The scope of this project report covers the following:

· Review of power and energy requirements of Telangana and establish the need for installation of proposed project.

· Study of the selected site for the installation of 1 x 30 MW coal based thermal power plant considering topography, protection against flood, soil conditions, accessibility by road, availability of water, power evacuation plan, transport of fuel required for the plant, space availability for ash disposal.

· Selection of steam parameters

· Preparation of plant layout

· Brief details of the major aspects of the proposed plant and salient technical details of the major equipment/ systems proposed.

· Environmental aspects

· Preparation of project implementation schedule

· Preparation of project cost estimates and cost of generation.

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INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10348534	07/03/2012	990,000.00	BANK OF BARODA	PRAKASH ARCADE, UPSTAIRS RELIANCE FRESH, MAIN ROAD, WEST MARREDPALLY, SECUNDERABAD, ANDHRA PRADESH - 500026, INDIA	B37240496

CHANGE OF ADDRESS:

The Registered Office of the Company has been shifted from Flat No. 205, Mathrusri Homes, Miyapur X Roads, Miyapur, Hyderabad – 500049, Andhra Pradesh, India to the present address w.e.f.10.05.2011

FIXED ASSETS:

· Land

· Computers

· Furniture and Fixture

· Office Equipment

· Motor Vehicles

· Hand Pumpset

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. 66.75
UK Pound	1	Rs. 100.68
Euro	1	Rs. 70.88

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	TRI
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	2
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.