DB RENEWS PRIVATE LIMITED

(Formerly known as Sinovel DB India Private Limited)

Registered Office: Doddanavar Brothers Corproate Office, 738/1, Near 3rd Railway Gate,
Khanapur Road, Belagavi - 590008, Karnataka, India
CIN : U31908KA2011PTC061246 E-mail : dgepl@doddanavarbrothers.com, Phone : +91 831 2533900
PROVISIONAL B A L A N C E S H E E T A S A T 31st March, 2019
As at 31st March, As at 31st March,
Particulars Note No. 2019 2018
Amount Rs. Amount Rs.
A EQUITY AND LIABILITIES
1 Shareholders’ funds
(a) Share capital 3 10,00,000.00 10,00,000.00
(b) Reserves and surplus 4 -40,52,172.00 -39,80,209.05
(c) Money received against share warrants 0.00 0.00
-30,52,172.00 -29,80,209.05

2 Share application money pending allotment 20.02 0.00 0.00

3 Non-current liabilities
(a) Long-term borrowings 5 40,01,665.00 40,01,665.00
(b) Other long-term liabilities 6 1,41,02,217.00 1,41,02,217.00
(c) Deferred tax liability 7 0.00 0.00
1,81,03,882.00 1,81,03,882.00
4 Current liabilities
(a) Short-term borrowings 8 0.00 0.00
(b) Trade payables 9 0.00 0.00
(c) Other current liabilities 10 25,960.00 63,860.00
(d) Short-term provisions 11 0.00 0.00
25,960.00 63,860.00

Total Rs. 1,50,77,670.00 1,51,87,532.95

B ASSETS
1 Non-current assets
(a) Fixed assets 12
i) Tangible assets 0.00 0.00
ii) Capital work in progress 1,50,41,540.00 1,50,41,540.00
(b) Non-current investments 13 0.00 0.00
(c) Long-term loans and advances 14 25,000.00 25,000.00
1,50,66,540.00 1,50,66,540.00
2 Current assets
(a) Inventories 15 0.00 0.00
(b) Trade receivables 16 0.00 0.00
(c) Cash and cash equivalents 17 11,130.00 1,20,992.95
(d) Short-term loans and advances 18 0.00 0.00
(e) Other Current Assets 19 0.00 0.00
11,130.00 1,20,992.95

Total Rs. 1,50,77,670.00 1,51,87,532.95

See accompanying notes to the financial statements 0.00 0.00

As per our report of even date For and on behalf of the Board of Direct ors
For Rajendra Sanjeev & Co.,
Chartered Accountants
ICAI Firm Reg. No. 003461S Mr.Praveen Vrishabhanath Doddanavar, Director, DIN:00171862
68, Girnar Hill, Mahaveer Nagar, Hindwadi, Belagavi-590011, Karnataka

CA. Sanjeev G. Adhyapak,

Partner
M.No. 028731 Mr. Satish Ramakrishna Anagolkar, Director, DIN: 01169288
Place : Belgaum Neminath Krupa, Girnar Hill, Beside Maruti Temple, Hindw adi,
Date : 22/08/2019 Belagavi - 590011, Karnataka
 DB RENEWS PRIVATE LIMITED
(Formerly known as Sinovel DB India Private Limited)
Registered Office: Doddanavar Brothers Corproate Office, 738/1, Near 3rd Railway Gate,
Khanapur Road, Belagavi - 590008, Karnataka, India
CIN : U31908KA2011PTC061246 E-mail : dgepl@doddanavarbrothers.com, Phone : +91 831 2533900
Provisional Statement of Profit and Loss for the year ended 31st March, 2019
For the year ended For the year ended
Particulars Note No. 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
CONTINUING OPERATIONS
1 Revenue from operations 20 0.00 0.00
2 Other income 21 0.00 0.00
3 Total revenue (1+2) 0.00 0.00

4 Expenses:
(a) Cost of materials consumed 22 0.00 0.00
(b) Changes in inventories of finished goods,
work-in-progress and stock-in-trade 23 0.00 0.00
(c) Employee benefits expense 24 0.00 0.00
(d) Finance costs 25 21,948.00 13,079.25
(e) Depreciation and amortisation exp.:
- Depreciation 0.00 0.00
- Amortisation of Preli & Pre-op. Exp
(f) Other expenses 26 50,015.00 79,817.00
Total expenses 71,963.00 92,896.25

Profit / (Loss) before exceptional and extraordinary

5 -71,963.00 -92,896.25
items and tax (3 - 4)
6 Exceptional items 0.00 0.00
7 Extraordinary items 27 0.00 0.00
8 Profit / (Loss) before tax (5 + 6 + 7) -71,963.00 -92,896.25
9 Tax expense:
(a) Current tax expense for current year 0.00 0.00
(b) (Less): MAT credit (where applicable) 0.00 0.00
(d) (Less): Excess provision reversed 0.00 0.00
(e) Current tax expense relating to prior years 0.00 0.00
(f) Net current tax expense 0.00 0.00
(g) Add : Deferred tax Liability 0.00 0.00
(h) Less : Deferred tax Asset 0.00 0.00
0.00 0.00
Profit / (Loss) from continuing operations
10 -71,963.00 -92,896.25
(8 + 9) for the year
11 Profit (Loss) from Discontinuing Operations 0.00 0.00
12 Tax Expenses on Discontinuing Operations 0.00 0.00
13 Profit(Loss) from Discontinuing Operations (11-12) 0.00 0.00
14 Profit(Loss) for the Year (10-13) -71,963.00 -92,896.25
See accompanying notes to the financial statements
As per our report of even date For and on behalf of the Board of Direct ors
For Rajendra Sanjeev & Co.,
Chartered Accountants
ICAI Firm Reg. No. 003461S Mr.Praveen Vrishabhanath Doddanavar, Director, DIN:00171862
68, Girnar Hill, Mahaveer Nagar, Hindwadi, Belagavi-590011, Karnataka

CA. Sanjeev G. Adhyapak,

Partner
M.No. 028731 Mr. Satish Ramakrishna Anagolkar, Director, DIN: 01169288
Place : Belgaum Neminath Krupa, Girnar Hill, Beside Maruti Temple, Hindw adi,
Date : 22/08/2019 Belagavi - 590011, Karnataka
 DB RENEWS PRIVATE LIMITED
(Formerly known as Sinovel DB India Private Limited)
Registered Office: Doddanavar Brothers Corproate Office, 738/1, Near 3rd Railway Gate,
Khanapur Road, Belagavi - 590008, Karnataka, India
CIN : U31908KA2011PTC061246 E-mail : dgepl@doddanavarbrothers.com, Phone : +91 831 2533900
Accompanying notes to the financial statements for the year ended on 31st March, 2019
3 Share capital
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Authorised Share Capital
Equity shares of Rs. 250 each
- Number of Shares 1,00,000 1,00,000
- Amount Rs. 2,50,00,000.00 2,50,00,000.00

(b) Issued Share Capital

Equity shares of Rs. 250 each
- Number of Shares 4,000 4,000
- Amount Rs. 10,00,000.00 10,00,000.00

(c) Subscribed and fully paid up Share Capital

Equity shares of Rs. 250 each
- Number of Shares 4,000 4,000
- Amount Rs. 10,00,000.00 10,00,000.00
Total Number of shares 4,000 4,000
Total Share Capital Rs. 10,00,000.00 10,00,000.00

Notes:
(i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the
reporting period
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
Equity shares with voting rights outstanding at the beginning of the year
Equity shares of Rs. 250 each
- Number of Shares 4,000 4,000
- Amount Rs. 10,00,000.00 10,00,000.00

Shares allotted during the year

- Number of Shares 0 0
- Amount Rs. 0.00 0.00

Equity shares with voting rights outstanding at the end of the year
Equity shares of Rs. 250 each
- Number of Shares 4,000 4,000
- Amount Rs. 10,00,000.00 10,00,000.00

(ii) Details of shares held by each shareholder holding Shares:

Equity shares with voting rights:
As at 31st March, As at 31st March,
Holding
Name of shareholder 2019 2018
% Shares Nos. Shares Nos.
Shri Vrishabhanath Parisappa Doddanavar 50.00 2,000 2,000
Shri Ramesh Pushpadant Doddanavar 50.00 2,000 2,000
Total 100.00 4,000 4,000
4 Reserves and surplus
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
Surplus / (-Deficit) in Statement of Profit and Loss
Opening balance -39,80,209.00 -38,87,312.80
Add: Profit / (Loss) for the year -71,963.00 -92,896.25
Total Reserves & Surplus Rs. -40,52,172.00 -39,80,209.05

5 Long-term borrowings
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Loans from Financial institutions: (Secured) 0.00 0.00
Sub-Total Rs. 0.00 0.00

(b) Loans from promoter directors: (Unsecured)

Shri Praveen Vrishabhanath Doddanavar 40,01,665.00 40,01,665.00
Sub-Total Rs. 40,01,665.00 40,01,665.00

(a) Total Secured Loans 0.00 0.00

(b) Total Unsecured Loans 40,01,665.00 40,01,665.00
Total Long Term Borrowings (a+b) Rs. 40,01,665.00 40,01,665.00

6 Other long-term liabilities

As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
Sundry Creditors for Capital Goods:
Doddanavar Global Energy Private Limited 27,06,000.00 27,06,000.00
Sinovel Wind Group Co. Ltd., China 1,13,96,217.00 1,13,96,217.00
Total Other Long Term Liabilities Rs. 1,41,02,217.00 1,41,02,217.00

7 Deferred tax liability

As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
Deferred tax liability 0.00 0.00
Total Deferred tax liability Rs. 0.00 0.00

8 Short-term borrowings
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Loans repayable on demand 0.00 0.00
Total Short Term Borrowings Rs. 0.00 0.00

9 Trade payables
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
Trade payables:
a) Acceptances 0.00 0.00
b) Others than acceptances 0.00 0.00
Total Trade Payables Rs. 0.00 0.00
10 Other current liabilities
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Outstanding Liabilities payable:
Rajendra Sanjeev & Co. 25,960.00 25,960.00
S. R. Deshpande (Company Secretary) 0.00 34,900.00
Sub Total Rs. 25,960.00 60,860.00

(b) TDS on Professional fees Payable : 0.00 3,000.00

Sub Total Rs. 0.00 3,000.00

Total Other Current Liabilities Rs. 25,960.00 63,860.00

11 Short-term provisions
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
Short-term provisions 0.00 0.00
Total Short-term provisions Rs. 0.00 0.00

12 Fixed assets
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
a) Tangible Assets: 0.00 0.00
Sub Total Rs. 0.00 0.00
b) Capital work in progress:
Assembling Tools for WTG
Opening balance 1,50,41,540.00 1,50,41,540.00
Add: Additions during the year 0.00 0.00
Less: Disposals during the year 0.00 0.00
Closing balance 1,50,41,540.00 1,50,41,540.00

Total fixed assets Rs. 1,50,41,540.00 1,50,41,540.00

13 Non current investments

As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
Non current investments (At cost): 0.00 0.00
Total Investments Rs. 0.00 0.00

14 Long-term loans and advances

As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Deposits: Unsecured, considered good
MVAT Registration Deposit 25,000.00 25,000.00
Sub Total Rs. 25,000.00 25,000.00

(c) Preliminary & Pre-Operative expenses:

Opening balance 0.00 0.00
Add: Expenses for the year (Net) -71,963.00 94,584.74
Less: Amortised during the year -71,963.00 94,584.74
Closing balance 0.00 0.00

Total Long-term loans & Advances Rs. 25,000.00 25,000.00

15 Inventories
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Raw Materials 0.00 0.00
(b) Work-in-progress 0.00 0.00
(c) Finished goods (other than those acquired for trading) 0.00 0.00
(d) Consumables 0.00 0.00
Total Inventories Rs. 0.00 0.00

16 Trade receivables
As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
a) Trade receivables outstanding for a period exceeding six months
from the date they were due for payment :
Unsecured, considered good 0.00 0.00

b) Other Trade receivables :

Unsecured, considered good 0.00 0.00
Total Trade receivables Rs. 0.00 0.00

17 Cash and cash equivalents

As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Cash on hand 0.00 0.00

(b) Balances with banks

In Current Account
Axis Bank Ltd., Belagavi 11,130.00 1,20,992.95
Total Cash and Cash equivalents Rs. 11,130.00 1,20,992.95

18 Short-term loans and advances

As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Balances with government authorities:
Unsecured, considered good 0.00 0.00
Total Short Term Loans and Advances Rs. 0.00 0.00

19 Other current assets

As at 31st March, As at 31st March,
Particulars 2019 2018
Amount Rs. Amount Rs.
(a) Accruals 0.00 0.00
Total Other Current Assets Rs. 0.00 0.00

As per our report of even dat e For and on behalf of t he Board of Direct ors
For Rajendra Sanjeev & Co.,
Chartered Accountants
ICAI Firm Reg. No. 003461S Mr.Praveen Vrishabhanath Doddanavar, Director, DIN:00171862
68, Girnar Hill, Mahaveer Nagar, Hindw adi, Belagavi-590011, Karnataka

CA. Sanjeev G. Adhyapak,

Partner
M.No. 028731 Mr. Satish Ramakrishna Anagolkar, Director, DIN: 01169288
Place : Belgaum Neminath Krupa, Girnar Hill, Beside Maruti Temple, Hindw adi,
Date : 22/08/2019 Belagavi - 590011, Karnataka
 DB RENEWS PRIVATE LIMITED
(Formerly known as Sinovel DB India Private Limited)
Registered Office: Doddanavar Brothers Corproate Office, 738/1, Near 3rd Railway Gate,
CIN : U31908KA2011PTC061246 E-mail : dgepl@doddanavarbrothers.com, Phone : +91 831 2533900
Accompanying notes to the financial statements for the year ended on 31st March, 2019
20 Revenue from operations
For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
Revenue from operations 0.00 0.00
Total Revenue from Operations Rs. 0.00 0.00

21 Other income
For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
Interest on Income Tax Refund 0.00 0.00
Total Other Income Rs. 0.00 0.00

22 Cost of materials consumed

For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
Opening stock 0.00 0.00
Add: Purchases during the year 0.00 0.00
Sub total Rs. 0.00 0.00
Less: Closing stock 0.00 0.00
Cost of Materials Consumed Rs. 0.00 0.00

23 Changes in inventories of finished goods, work-in-progress

and Stock-in-trade
For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
Inventories at the end of the year: 0.00 0.00

Inventories at the beginning of the year: 0.00 0.00

Net (increase) / decrease Rs. 0.00 0.00

24 Employee benefits expense

For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
(a) Salaries and wages 0.00 0.00
Total Employees Benefit Expenses Rs. 0.00 0.00

25 Finance costs
For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
Bank Charges 21,948.00 13,079.25
Total Financial Costs Rs. 21,948.00 13,079.25
26 Other expenses
For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
(a) Operating Expenses : 0.00 0.00
Sub Total Rs. 0.00 0.00
(b) Administration Expenses:
Audit Fees 25,960.00 25,960.00
Consultancy Charges 2,655.00 8,000.00
Company Secretary Fees 18,900.00 37,900.00
Fees account 0.00 1,800.00
Penalty on TDS payment 0.00 3,657.00
Professional Tax of Company 2,500.00 2,500.00
Sub Total Rs. 50,015.00 79,817.00

Total Other Expenses Rs. 50,015.00 79,817.00

Notes:
For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
(i) Payments to the auditors of the comprises
(net of service tax input credit, where applicable):
Audit Fees 25,960.00
Total Rs. 0.00 25,960.00

27 Extraordinary items
For the year ended For the year ended
Particulars 31st March, 2019 31st March, 2018
Amount Rs. Amount Rs.
a) Income : 0.00 0.00
b) Expenditure: 0.00 0.00
Total Extraordinary Items Rs. 0.00 0.00

As per our report of even date For and on behalf of the Board of Direct ors
For Rajendra Sanjeev & Co.,
Chartered Accountants
ICAI Firm Reg. No. 003461S Mr.Praveen Vrishabhanath Doddanavar, Director, DIN:00171862
68, Girnar Hill, Mahaveer Nagar, Hindwadi, Belagavi-590011, Karnataka

CA. Sanjeev G. Adhyapak,

Partner
M.No. 028731 Mr. Satish Ramakrishna Anagolkar, Director, DIN: 01169288
Place : Belgaum Neminath Krupa, Girnar Hill, Beside Maruti Temple, Hindw adi,
Date : 22/08/2019 Belagavi - 590011, Karnataka