Doddanavar Global Energy Pvt. Ltd.

Rs in lakhs
Provisional Profit and Loss Accounts for the period 31.03.2019 31-03-18
Un-audited Audited
A) CONTINUNG OPERATIONS
I) Revenue from Operations (Gross)
a) Gross Revenue 5,264.04 4,436.02
b) Less: Duties & Taxes 155.34 75.60
c) Net Revenue 5,108.70 4,360.42
II) Other Income 100.37 43.26
III) Total Revenue (I+II) 5,209.07 4,403.68
IV) Expenditure :
a) Cost of Materials Consumed 0.00 0.00
b) Change in Inventry of Stock 0.00 0.00
c) Employees Benfit Expenses 103.78 114.21
d) Finance Cost 1,237.20 1,064.48
e) Depreciation & Amortisation
i) Depreciation 1,863.74 2,183.98
ii) Amortistation of Pre-Op. Exp. 0.00 0.00
f) Other Expenses 1,914.40 1,003.45

Total Expenditure 5,119.12 4,366.12

V) Income before exception &
Extraordinary items and tax (III-IV) 89.95 37.56
VI) Exceptional Items 0.00 0.00
VII) Income before Exeeptional Items & 89.95 37.56
Tax (V-VI)
VIII) Extraordingary Items 0.00 0.00
IX) Income before tax (VII-VIII) 89.95 37.56
X) Tax Expenses
1) Tax expenses 0.00 7.15
2) MAT Credit 0.00 -7.15
3) Add/Less: Deffered Tax (-Asset)/Liability 0.00 13.90
0.00 13.90

XI) Income /(Exepnditure for the period 89.95 23.66

from continuing operations
B) DISCOUNTINUING OPERATIONS
XII) Income / (Expenditure from
Discountinuing operations 0.00 0.00
89.95 23.66
Doddanavar Global Energy Pvt. Ltd. Rs in lakhs
Provisional Balance Sheet as at: 31.03.2019 31-03-18
Un-audited Audited
I. EQUITY AND LIABILITIES
1 Shareholders’ Funds
(a) Share Capital 6,460.00 6,460.00
(b) Unsecured loans from Directors 172.38 3,112.38
(c) Reserves and Surplus 3,170.29 3,080.34

2 Share Application money pending allotment 0.00 0.00

Sub total 9,802.67 12,652.72

3 Non-Current Liabilities
(a) Long-Term Borrowings 10,533.81 11,512.76
(b) Other Long Term Liabilities 8.60 8.60
(c) Long-Term Provisions 0.00 0.00
Sub total 10,542.41 11,521.36
4 Current Liabilities
(a) Short Term Borrowings 0.00 0.00
(b) Trade Payables 259.21 221.20
(c) Other Current Liabilities 430.26 177.57
(d) Short-Term Provisions 18.24 13.14
707.71 411.91

TOTAL Rs. 21,052.79 24,585.99

II. ASSETS
1 Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets 15,937.61 17,742.46
(ii) Intangible Assets 0.00 0.00
(iii) Capital work-in-progress 145.99 263.27
(iv) Intangible assets under development 0.00 0.00
(b) Non-Current Investments 0.02 0.02
(c) Defered Tax Assets (-Liability) 605.24 605.24
(c) Long-Term Loan and Advances 1,536.14 3,165.26
(d) Other Non-current Assets 0.00 0.00
Sub total 18,225.00 21,776.25
2 Current Assets
(a) Current Investments 0.00 0.00
(b) Inventories 0.00 91.71
(c) Trade Receivables 209.18 179.45
(d) Cash and Cash equivalents 884.24 764.85
(e) Short-Term Loans and Advances 1,734.37 1,723.02
(f) Other Current Assets 0.00 50.71
Sub total 2,827.79 2,809.74

TOTAL Rs. 21,052.79 24,585.99

0.00 0.00
Doddanavar Global Energy Pvt. Ltd.
Schedules forming part of provsional financials Rs in lakhs
Sl No. Particulars 31.03.2019 31-03-18
Un-audited Audited
1 Share Capital :
Equity Shares 6,460.00 6,460.00
Share Application Money 0.00 0.00
Total 6,460.00 6,460.00
2 Reserve & Surplus (Loss) :
Asset Revaluation Reserve 4,551.08 4,551.08
Surplus (Loss) Brought forward -1,470.74 -1,494.40
Profit (Loss) for the Year 89.95 23.66
Total 3,170.29 3,080.34
3 Long Term Borrowings
Piramal Capital & Housing Fiance 11,500.00 11,500.00
Add /Less: Additions / - Deductions 0.00 0.00
Less : Repayments 1,045.00 0.00
Sub total 10,455.00 11,500.00
Accrued Interest on TL - Piramal 78.81 12.76
Sub total 78.81 12.76
Axis Bank Ltd., Singapore ECB 0.00 14,041.61
Add /Less: Additions / - Deductions 0.00 88.85
Less : Repayments 0.00 14,130.46
Sub total 0.00 0.00
Total 10,533.81 11,512.76
4 Unsecured loan from Promoters
Opening Balance 3,112.38 2,612.38
Add: Receipts / - Payments -2,940.00 500.00
Balance 172.38 3,112.38

5 Other Current Liabilities

Outstanding Liabilites 408.19 78.95
Taxes payables 22.07 98.62
Total 430.26 177.57

6 Fixed Assets
Opening Balance Gross Block 33,576.35 33,369.59
Add: Additions 159.02 228.62
Less: Deletions 100.13 21.86
Subtotal 33,635.24 33,576.35
Depreciation
Opening Balance 15,833.89 13,649.91
Add: Additions 1,863.74 2,183.98
Less: Deletions 0.00 0.00
Subtotal 17,697.63 15,833.89
Net WDV of Fixed Assets 15,937.61 17,742.46
Sl No. Particulars 31.03.2019 31-03-18
Un-audited Audited

7 Long Term Loans & Advances :

Deposits 43.79 41.59
MAT Credit 15.33 15.33
Advances for Land Purchase 1,477.02 3,108.34
Total 1,536.14 3,165.26
8 Short Term Loans & Advances :
Balance with Govt Authorities 43.91 0.54
Other Advances 1,567.87 1,596.35
Prepaid Exepnses 122.59 126.13
Total 1,734.37 1,723.02
9 Revenue from operations
a) Wind Energy Sales Receipts 4,210.19 3,940.42

b) Sales of 20 MW solar wind power project 898.51 420.00

Add: Duties and Taxes 155.34 75.60
Sub total 1,053.85 495.60
Total 5,264.04 4,436.02
10 Finance Cost :
Intrerest - Term Loan 1,236.98 846.46
Premium for Currency Hedging 0.00 5.75
Loan Processing charges 0.00 209.45
Bank Charges 0.22 2.82
Total 1,237.20 1,064.48

11 Other Expenses
Solar Project Expenses 741.03 6.49
Annual O&M Expeses 498.84 472.57
Electrical Materials 52.69 78.34
Operating Expenses 150.37 90.04
Charges and Levy paid to ESCOM 388.60 270.72
Administraive Expenses 82.87 85.29
Total 1,914.40 1,003.45

Generation Details
31.03.2019 31-03-18
Production Units in KWHr
Exported to KPTCL 8,81,94,000 8,28,72,000
Less: Import from KPTCL 2,72,550 2,96,700
Less: Banking Charges 17,63,880 16,57,440
Less: Wheeling Charges 44,09,700 41,43,600
Units available for sales 8,17,47,870 7,67,74,260
Less: Units Sold 8,16,93,400 7,67,74,260
Balance Units 54,470 0