INDEPENDENT AUDITORS' REPORT

To,

Deputy General Manager

Energy Efficiency Centre

Small Industries Development Bank of India

New Delhi

Report on the PRSF- Project Financial Statements

We have audited the accompanying Project Financial Statements (PFS) of the 'FinancingEnergy Efficiency at MSMEs Project' under Partial Risk Sharing Facility for EnergyEfficiency Project (GEF TF019308) along with part of Technical Assistance Componentfor the period April 01, 2015 to March 31, 2016. Project Financial Statements comprisesas follows:-

1. Statement of PRSF - Balance Sheet as on March 31, 20162. Summary Guarantee Status as on March 31, 20163. Detailed Statement on Guarantee Status as on March 31, 20164. Statement of Sources and Application of Funds for TA Component for the year

ended March 31, 20165. Claim for Disbursement by the Bank for the year ended March 31, 20166. Review of quarterly IUFRs of the Project submitted to the World Bank

Management's Responsibility for PRSF-Project Financial Statement

These statements are the responsibility of the Energy Efficiency Centre (EEC) of SmallIndustries Development Bank of India. Management is responsible for the preparationof the Project Financial Statements that give a true & fair view of sources andapplication of the project funds in accordance with the terms of theFinancing/Loan/Project Agreements and instructions of Operational Manual. Thisresponsibility includes the design, implementation and maintenance of internal control

Visit us at: www.parycaorg A

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B.O.: * MUMBAI * SURAT A-HMEDABAD * HYDERABAD * KOLKATA

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relevant to the preparation of the Project Financial Statements that is free from materialmisstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on Project Financial Statements based on ouraudit.

We have taken into account accounting and auditing standards and matters which arerequired to be included in the audit report under legal agreements and operationalmanual.

We conducted our audit in accordance with the Standards on Auditing issued by theInstitute of Chartered Accountants of India (ICAI). Those Standards require that wecomply with ethical requirements and plan and perform the audit to obtain reasonableassurance about whether the Project Financial Statements are free from materialmisstatement.

An audit involves performing procedures to obtain audit evidence about the amount inthe Project Financial Statements. The procedures selected depend on the auditor'sjudgment, including the assessment of the risks of material misstatement of the ProjectFinancial Statements, whether due to fraud or error. In making those risk assessments,the auditor considers internal control relevant to the entity's preparation and accountingpolicies used and the reasonableness of the accounting estimates made bymanagement, as well as evaluating the overall presentation of the Project FinancialStatements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.

Opinion

In our opinion, to the best of our information and according to the explanations givento us,

a) the Project Financial Statements give true & fair view of financial position of theproject at the end of period under audit,the expenditure incurred on the projectand of the sources and applications of project funds for that period;

b) the Project funds were utilized for the purposes for which they were intendedduring the period April 1, 2015 to March 31, 2016;

c) expenditures incurred for the period April 1, 2015 to March 31, 2016 andretroactive finance expenditures shown in the Project Financial Statements are

eligible for financing under the legal agreements and are recorded in the booksof account of SIDBI and no other sources of funds have been received by SIDBIfor incurring these expenditures;

d) the Interim Unaudited Financial Reports (IUFRs) submitted during the periodunder audit are supported by adequate detailed documentation maintained inSIDBI's offices/branches to support claims to the World Bank forreimbursement of expenditure incurred;

Restriction on Distribution and Use

This Report has been issued solely for the purpose of onward submission to WorldBank in accordance with Terms of Reference of the World Bank-PRSF Project. ThisReport may not be suitable for any other purpose.

V&Q For PARY & Co.,, xChartered Accountantsfo H 0 I

o t Firm Regn. No. 007288C

Place: New Delhi CA Yogesh MalikDate : 05.12.2016 Partner

M.N. 074635

PRSF - Project Financial Statements as on 31st March, 20161. PRSF - Balance Sheet as on March 31, 2016

Particulars As on 31st March, 2015

Annex Ref Amount (INR)Liabilities

Partial Risk Sharing Facility :

GEF Guarantee Facility - SIDBI 1A 391,248,010.00GEF Guarantee Facility - PFI A 398,310,000.00CTF Sub Guarantee 1A

Guarantee Payable (balance) -Operating Fund balance 1B

Total Liabilities 789,558,010.00

Assets

Balance at Bank 789,558,010.00

Total Assets 789,558,010.00The Accomponaying Annexures are an Integral Part of the Financial Statements,In Terms of our Report Attached.

For PARY & Co.Chartered AccountantsFirm Regn. No. 007288C

CA Yogesh Malik Rajiv Kumar, DGMPartnerMembership No. 074635 Authorized Signatory (SIDBI)

Place: New DelhiDate : 05.12.2016

PRSF - Project Financial Statements as on 31st March, 2016Annex lA. Statement of Facility Sources and Application of Funds during the period O1st September, 2015 to 31st March, 2016

]NRParticulars GEF Guarantee Facility - GEF Guarantee Facility - CTF Sub-

_ _ _ __SIDBI PFI Guarantee Total(i) Facility balance at the beginning of the Year -

(ii) Add: Receipts/ inflows during the Year: _

a Amounts received from GEF (one time) 398,310,000.00 398,310,000.00 796,620,000.00b Amounts received from CTF (recurring)c Recoveries against payoutsd Penalties & fines receivede Transfer in from Operations Account 14,733,725.00 - 14,733,725.00

(iii) Total receipts/ inflows during the Year (a to e) 413,043,725.00 398,310,000.00 811,353,725,00(iv) Total Fund Sources (i)+(iii) 413,043,725.00 398,310,000.00 811,353,725.00

(v) Less: Payments/ outflows during the Yearf Guarantee payouts - first tranch - -

g Guarantee payouts - final tranch

h Transfer out to Operations Account 21,795,715.00 - - 21,795,715.00(vi) Total payments/ outflows during the Year (f to h) 21,795,715.00 - 21,795,715.00

(vii) Fund balance at the end of the Year 391,248,010.00 398,310,000.00 - 789,558,010.00The Accomponaying Annexures are an Integral Part of the Financial Statements.In Terms of our Report Attached.

For PARY & Co.Chartered AccountantsFirm Regn. No. 007288C

CA Yogesh Malik R Kumar, IDGPartner

Authorized Signatory (SIDBI)Membership No. 074635

Place : New DelhiDate : 05.12.2016

PRSF - Project Financial Statements as on 31st March, 2016

Annex lB. Facility Operations AccountFor the period 01st September, 2015 to 31st March, 2016

Particulars Amount (INR) Remarks

Opening balanceAdd Interest on Facility cash balances 20,347,893.00Add guarantee fees received from SIDBIAdd guarantee fees received from PFIsAdd transfer from facility account (GEF - SIDBI) 21,795,715.00 -Less transfer to facility account (GEF - SIDBI) 14,733,725.00 -

Total inflow 27,409,883.00 -Less:

Fixed management fee paid to SIDBI 10,738,385.00Variable management fee paid to SIDBICTF front end fee 15,124,623.00 -CTF guarantee fee 1,506,592.00 -M&V fees and costsEnd to end solutionsSalaries of contractual staff of PMU .Admin & others operating expenses of PMU 40,283.00Audit fees

Total outflow 27,409,883.00

Closing balance

The Accomponaying Annexures are an Integral Part of the Financial Statements.In Terms of our Report Attached.

For PARY & Co.Chartered AccountantsFirm Regn. No. 007288C

CA Yogesh Malik Rajiv Kumar, DGM

Mbhiner NAuthorized Signatory (SIDBI)Membership No. 074635

Place: New DelhiDate 05.12.2016

PRSF -Project Financial Statements for the period Olst September, 2015 to 31st March, 20162. Summary Guarantee Status as on 31st March, 2016 (In INR)

Total Loain (uarantec Clains Gaantee Claims Guarante Claimus Unrecovered GlaranteeLeifdler Name .4motof OItstanIdin Guarantee Otitstantidig (Total) PaP ble Recovery status - Remarks

Loa gf- OpnCloseg.n PRSF % Others % PRF Others PRSF Others PZSF PRSFl"r Others PRSF Otbers pen/

A. GEF - SIDI (Facility Limit INR 39,83,10,000)SIDBI (as Lender) Ni Nil INil NiU Nìl Ni! il Nii Nil NNil Nil I Nil [ril NU )Nil INil

B. GEF - PFI (Facility Limit INR 39,83,10,000)

Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

C, CTFØ (FI) Suib-GuaranteeNil NI Nil Nil Ni Nil NI Nil Nil Nil Nil Ni Ni Nil Nil Nl Nil Nil

- ___________ __________ _________ ________ - _______ ._______ _______ ________ _______ ________ ________ ________ ______CIFX 4_________ ____________

PRSF - Project Financial Statements for the period 0 Ist September, 2015 to 3 Ist Marcli, 20163. Detailed Statement on Guarantee Status as on 31st Mareli, 2016 (INR)

(i) Loan Particuars by Fund Source, Borrower and PFI

LoanSi no Fund Source PFI Naune r Name Løan Ref Loan Akillitt Loan Par-ticulas and Loan Period (Date) Outstanding

Purpose (INR)Fromi To Principl

A GEF (limit INR SIDB] (as PFI) Nil N Ni Nil Nil Nil39,83,10.000) - -

3 GEF (Imit [NR (PFI) Nil Nil Nil Nil Nil Nil Nil

C CIT (PFn) Ni Nil Nil N Nil Nil Nil

Notes:

The report will provide the status of'outstanding loans guarantee, recoveries etc as on date oftie reportTotals will be drawn by Pi and overall grand totalThe detais will be based on records maintained by SIDBI based on own/ PFI inputs or web-bascd in which case the PFIs wiIl upload tie necessary data.The statement and the back up data will be subNject to audit/ verification

PRSF - Projeet Fiianieal Statemenrs for tie period Øist September, 2015 to 31st Mareh, 2016 (contd)3. Detailed Statenient on Guarantee Status as on 31st March, 2016 (INR)

(iH) Guarantee Details ,kvailahe (iii) Guarantee Claims, Recovery and Status

Limit for GIIarantce Claim Guarannte Claim Recovery Unrecovered GuaranltevGuara ntet GuaranecGuantee Paid Pavable Proceedings (ate) Recovery Status -

Re f..Isie Iu (PRSF) Open/PRSF % Others % PRSF Others PRSF Others Start Close PRSF Others PRSF Others Close

Nil Ni! Nif Nil Nui Nil Nl Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

Nil Nil Nil Nil Nil Nil Ni! Nil Nil Nil Nil Ni! Ni Nil Nil Nil NW

Nil N Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Ni!

PRSF - Project Financial Statements as on 31st March, 20164. Sources and Application of Funds for TA Component

For the period 01st April, 2015 to 31st March, 2016

ActualParticulars Remarks

As on 31st March, 2016

Reimbursement received from the Bank 9,416,396.00 -

Sources of funds -Contribution from SIDBI 11,655,088.00 -Total 11,655,088.00

Application of funds -Capacity, resource building and institutional 10,343,379.00strengtheningTechnical assistance and capacity building for 806,709.00ESCOs and PFIsOther market development elements

Total 11,655,088.00 -

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PRSF - Project Financial Statements as on 31st March, 20165. Claim for Disbursement by the Bank (INR)

Claims under Guarantee Facility Technical Assistance Claims

Particulars Current ClaimTotal claimed Claims disbursed by Current ai Total claimed including current Claims disbursed byCurrent Claim including current claim the Bank till date receivable as on 31st claim the Bank till date

March, 2016

GEF disbursement - SIDBI

GEF disbursement - PFI

Guarantee payout - CTF

TA reimbursement 2,238,692.00 11,655,088.00 9,416,396.00Total 2,238,692.00 11,655,088.00 9,416,396.00

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RETROACTIVE FINANCING - IUFRPRSF - Quarterly IUFR for the period till September 30, 2015

1. PRSF - Balance Sheet as on September 30, 2015INR

Particulars GEF Guarantee GEF Guarantee CTF Sub-Annex Ref Total

Facility - SIDBI Facility - PFI Guarantee

Liabilities

Partial Risk Sharing Facility

GEF Guarantee Facility - SIDBI 1A 376514285

GEF Guarantee Facility - PF 1A 398310000

CTF Sub Guarantee 1A 0

Grarantee Payable (balance) - ---

Operating Fund balance 1B 1775850.5631

Total Liabilities 378290135.6 398310000 0 776600136

Assets

Cash-in-Hand/ Balance at Bank/ Investments

GEF Guarantee Facility - SIDBI 376514285

GEF Guarantee Facility - PFI 398310000

CTF Sub Guarantee 0

Facility Income 1775850.563 1

Total 378290135.6 398310000 0 776600136

SIDBI assertion: The PRSF closing balances are represented by unencumbered cash and cash equivalent of INR xxxx as per audited/ unaudited

accounts of SIDBI as on xxxx. These adequately cover the facility balances.

Authorize Si natory (SIDBI)

7-

PRSF - Quarterly IUFR for the period till September 30, 2015Annex 1A. Statement of Facility Sources and Application of Funds for the period till September 30, 2015

INRGEF Guarantee GEF Guarantee CTF Sub-

Particulars Facility - SIDBI Facility - PFI Guarantee Total(i) Facility balance at the beginning of the quarter 0 0 0 0(ii) Add: Receipts/ inflows during the quarter:a Amounts received from GEF (one time) 398310000 398310000 796620000b Arnounts received from CTF (recurring)

0 0c Recoveries against payouts 0 0 0¯ 0d Penalties & fines received 0 0 0 0e Transfer in from Operations Account 0 0 0 0(iii) Total receipts/ inflows during the quarter (a to e) 398310000 398310000 0 796620000(iv) Total Fund Sources (i)+(iii) 398310000 398310000 0 796620000

(v) Less: Payments/ outflows during the quarter:f Guarantee payouts - first tranch 0 0 0 0g Guarantee payouts - final tranch 0 0 0 0h Transfer out to Operations Account 21795715 0 0 21795715(vi) Total payments/ outflows during the quarter (f to h) 21795715 0 0 21795715(vii) Fund balance at the end of the quarter (iv-vi) carrid forward to IUFR 1 376514285 398310000 0 774824285

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PRSF - Quarterly lUFR for the period till September 30, 2015

Annex lB. Facility Operations Account for the period till September 30, 2015 showing income received and expenses incurred duringthe quarter (INR)

Actual

RemarksParticulars During the qr Year to date Project to date

Opening balance 0 0 0Add Interest on Facility cash balances 1775851 1775851 1775851 -Add guarantee fees received from SIDBI 0 0 0 -Add guarantee fees received from PFIs 0 0 0 -Add transfer from facility account (GEF - SIDBI) 21795715 21795715 21795715 -Less transfer to facility account (GEF - SIDBI) 0 0 0 -

0 0-Total inflow 23571566 23571566 23571566 -Less:

Fixed management fee paid to SIDB 6122047 6122047 6122047 -Variable management fee paid to SIDBI - -

CTF front end fee 15673668 15673668 15673668 -CTF guarantee fee 0 0 -M&V fees and costsEnd to end solutions

Salaries of contractual staff of PMU - -Admin & others operating expenses of PMU - -Audit fees

0 0-Total outflow 21795715 21795715 21795715 -Closing balance 1775851 1775851 1775851 -

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PRSF - Quarterly IUFR for the period till September 30, 20154. Sources and Application of Funds for TA Component For the period till September 30, 2015 (INR)

SIDBI

Actual

Particulars During the quarter Year to date Project to date RemarksSources of funds

Reimbursement received from the Bank 0 0 0Contribution from SIDBI 8194755 8194755 8194755Total 8194755 8194755 8194755

Application of fundsCapacity, resource building and institutionalstrengthening 8194755 8194755 8194755 -Technical assistance and capacity building forESCOs and PFIs 0 0 -Other market development elements 0 0 -

Total 8194755 8194755 8194755 -

PRSF - Quarterly IUFR for the period till September 30, 20155, Claim for Disbursement by the Bank (INR)

Claims under Guarantee Facility Technical Assistance Claims

Total claimedTotal claimed including Claims disbursed by including current Claims disbursed by

Particulars Current Claim current claim the Bank till date Current Claim claim the Bank till date

GEF disbursement - SIDBI 0 0 0GEF disbursement - PFI 0 0 0Guarantee payout - CTF 0 0 0

TA reimbursement 8194755 8194755 0Total 8194755 8194755 0

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Partial Risk Sharing Facility for Energy Efficiency (PRSF) - Interest CalculationEquivalent

Grant USD) converted INR Period of Interest No. of DaysGrant(USD)amount _______________ _______

From To

12,000,000 796,620,000 15-Sep-15 30-Sep-15 16

in INR

Si No Date Opening Balance Closing Balance Repo Rate Margin Effetive Earne t (R)

1 15-Sep-i5 780,946,332 780,946,332 7.25% 2% 5.25% 112,3282 16-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,3283 17-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,3284 18-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,3285 19-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,3286 20-Sep-15 780,946,332 780,946,332 7.25% 2% 5,25% 112,3287 21-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,3288 22-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,3289 23-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,32810 24-Sep-i5 780,946,332 780,946,332 7.25% 2% 5.25% 112,32811 25-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,32812 26-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,32813 27-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,32814 28-Sep-15 780,946,332 780,946,332 7.25% 2% 5.25% 112,32815 29-Sep-15 780,946,332 780,946,332 6.75% 2% 4.75% 101,63016 30-Sep-15 780,946,332 780,946,332 6.75% 2% 4.75% 101,630

________ __________ _________ TOTAL ______ ____ ____ 4 77585116 3-Sep15 80,96,32 78,94,3326.7% 2% 4.7% 10,63

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PRSF - Quarterly IUFR for the period till September 30, 2015Retro & Non-Retroactive Financing Breakup

Retroactive Financing (for theperiod till March 31, 2015) 3115243

Non- Retroactive Financing (for theperiod from April 01, 2015 to 5079512September 30, 2015)

sub-total 8194755

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PRSF - Quarterly lUFR for the period till December 31, 20151. PRSF - Balance Sheet as on December 31, 2015

INRParticulars

Annex Ref Amount

LiabilitiesPartial Risk Sharing Facility:

GEF Guarantee Facility - SIDBI 1A 386609252GEF Guarantee Facility - PFI 1A 398310000CTF Sub Guarantee 1A 0

Grarantee Payable (balance) 0Operating Fund balance 1B -Total Liabilities 784919252

Assets

Cash-in-Hand/ Balance at Bank/ Investments

GEF Guarantee Facility - SIDBI 386609252GEF Guarantee Facility - PFI 398310000CTF Sub Guarantee 0Facility Income

Total Assets 784919252

Auta e Sign toy(S ID B) 1 I JIAu4

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PRSF - Quarterly IUFR for the period till December 31, 2015

Annex 1A. Statement of Facility Sources and Application of Funds for the perlod till December 31, 2015NR

Paniculir GEF Guarantee GEF Guarant:e CTF Sub-Facilit -SIDBI Facilily- PFI Guarantc.e

tii Fjeiutr b---~v:1 lI- besýifii iq [rr 1-ir M« lu'v! 1 :

f~~~~~i~ cl F.n*.r i,...* *~K

' .j. : -. ,-i ir . *EF 'I..L.:f I-.---

0 Penalties & fi ceived 0 0 0

eTransfer in from operations Account 10094967 0 0 10094967

(iii) Total receipts/ inflows during the quarter (a to e) 10094967 0 0 10094967

(iv) Total Fund Sources (i)+(iii) 386609252 398310000 0 784919252

g Guarantee payouts - final tranch 0 0 0 0hjTransfer out to Operations Account 0 0 0 0

vi Total payments/ outflows during the quarter (f to h) 0 0 0 0

(vii Fund balance at the end of the quarter (iv-vi) carrid forward to IUFR I 386609252 398310000 0 784919252

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PRSF - Quarterly IUFR for the period till December 31, 2015

Annex 1B. Facility Operations Account for the period till December 31, 2015 showing income received and expenses incurredduring the quarter (INR)

ActualParticulars Remarks

During the qr Year to date Project to date

Opening balance 1 '851 -

Add Interest on Facility cash balances 9276663 11052514 11052514 -

Add guarantee fees received from SIDBI 0 0 0 -

Add guarantee fees received from PFIs 0 0 0Add transfer from facility account (GEF - SIDBI) 4591535 21795715 21795715

Less transfer to facility account (GEF - SIDBI) 10094967 10094967 10094967 -

Total inflow 5549082 22753262 22753262 -

Less:Fixed management fee paid to SIDBI 4591535 6122047 6122047 -

Variable management fee paid to SIDBI

CTF front end fee - 15124623 15124623 -

CTF guarantee fee 957547 1506592 1506592 -

M&V fees and costsEnd to end solutionsSalaries of contractual staff of PMUAdmin & others operating expenses of PMUAudit fees

Total outflow 5549082 22753262 22753262 -

Closing balance 0 -

Note.he interest income as well as the CTF guarantee fee pertains to the quarter expenses, however, these are not reflecting in the GL

[ eport till December 2015 since the vouching has been done in the month of January 2016. For the purpose of reporting and giveorrect income and expenditure income, these have been shown under current quarter.

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PRSF -Quarterly I UFR for the period till December 31, 20154. Sources and Application of Funds for TA Component For the period till December 31, 2015 (1 NR)

SIDBI

Actual

Particulars During the RemarksYear to date Project to date

quarter

Reimbursement received from the Bank 8194755 81947.55 81941,55

Sources of funds -

Contribution from SIDBI 1221641 9416396 9416396 -

Total 1221641 9416396 9416396

Application of funds -

Capacity, resource building and institutional 804541 8999296 8999296 -strengthening

Technical assistance and capacity building for 417100 417100 417100 -ESCOs and PFIs

Other market development elements 0 0 0

Total 1221641 9416396 9416396

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PRSF - Quarterly IUFR for the period till December 31, 20155. Claim for Disbursement by the Bank (INR)

Claims under Guarantee Facility Technical Assistance Claims

Particulars Total claimed. Total claimed Claims disbursed by Ttlcamd Claims disbursed byCurrent Claim . Current Claim including currentincluding current claim the Bank till date the Bank till date

claim

GEF disbursement - SIDBI 0 0 0GEF disbursement - PF] 0 0 0Guarantee payout - CTF 0 0 0

TA reimbursement 1221641 9416396 8194755Total 1221641 9416396 8194755

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PRSF - Quarterly IUFR for the period till March 31, 20161. PRSF - Balance Sheet as on March 31, 2016

Particulars. "' ill 'R;

Annle,x Refl AmountLiabilitiesPartial Risk Sharing Facility

GEF Guarantee Facility - SIDBI IA 391,248,010.00GEF Guarantee Facility - PFJ IA 398,310,000.00CTF Sub Guarantee IA

Guarantee Payable (balance)Operating Fund balance 113Total Liabilities 789,558,010.00

AssetsCash-in-Hand/ Balance at Bank/ Investments 789,558,010.00

Tota I Assets 78915581010.00

Authorized or (SIDBI)

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PRSF - Quarterly IUFR for the period till March 31, 2016Annex IA. Statement of Facility Sources and Application of Funds for the period till March 31, 2016

INRParticulars GEF Guarantee Facility - GEF Guarantee Facility - CTF Sub-

SIDBI PFI Guarantee Total( Fc t M ne t [n.v_ _p-_ inr.r,j c.t [he q,_r_ _ _ b'J. 4 2s2 0 1 ICC. 00 -. ,19,25 2.00

(ii) Add: Receipts/ inflows during the quartera Amounts received from GEF (one time)b Amounts received from CTF (recurring)c Recoveries against payouts -d Penalties & fines receivedefTransfer in from Operations Account 4,638,758.00 4,638,758.00

(iii)Total receipts/ inflows during the quarter (a to e) 4,638,758.00 - - 4,638,758.00(iv) Total Fund Sources (i)+(iii) 391,248,010.00 398,310,000.00 - 789,558,010.00

(v)Less; Payments/ outflows during the quarter:f Guarantee payouts - first tranchg Guarantee payouts - final tranchh Transfer out to Operations Account

(vi) Total payments/ outflows during the quarter (f to h)vfl) Fund balance at the end of the quarter (iv-vi carrid forward to IUFR 1 391,248,010.00 398,310,000.00 - 789,558,010.00

PRSF - Quarterly IUFR for the period till March 31, 2016

Annex 1B. Facility Operations Account for the period till March 31, 2016 showing income received and expenses incurred during the quarter(INR)

ActualParticulars During the qr Year to date Project to date Remarks

Opening balanceAdd Interest on Facility cash balances 9,295,379.00 20,347,893.36 20,347,893.36Add guarantee fees received from SIDBIAdd guarantee fees received from PFIsAdd transfer from facility account (GEF - SIDBI} 21,795,715.00 21,795,715.00 -Less transfer to facility account (GEF - SIDBI) 4,638,758.00 14,733,725.00 14,733,725.00 -

Total inflow 4,656,621.00 27,409,883.36 27,409,883.36 -Less:

Fixed management fee paid to SIDBI 4,616,338.00 10,738,385.00 10,738,385.00 -Variable management fee paid to SIDBICTF front end fee 15,124,623.00 15,124,623.00 -CTF guarantee fee 1,506,592.00 1,506,592.00 -M&V fees and costsEnd to end solutionsSalaries of contractual staff of PMUAdmin & others operating expenses of PMU 40,283.00 40,283.00 40,283.00Audit fees

Total outflow 4,656,621.00 27,409,883.00 27,409,883.00 -

Closing balance

H 0 NOTE: THE AMOUNT OF EXCESS INTEREST INCOME TRANSFERRED TO PRSF SIDBI LENDING WINDOW ACCOUNT FROM THE OPERATIONSACCOUNT IS NOT REFLECTED IN THE GL REPORT FOR THE PERIOD JANUARY 01, 2016 TO MARCH 31, 2016, SINCE THE VOUCHER WAS PASSEDANLY ON APRIL 26, 2016. FURTHER THE AMOUNT TRANSFERED TO PRSF SIDBI LENDING WINDOW ACCOUNT SHALL BE DEEMED TO BE.TRANSFERED ON MARCH 31, 2016 FOR THE PURPOSE OF CALCULATING INTEREST INCOME FOR THE PERIOD APRIL 01, 2016 TO JUNE 30, 2016.

華 擊 響斗 1 絀汙丰

雜 藝 羹方 ｀ 黝州一

PRSF - Quarterly JUFR ror tne period till MarcR 31, 20164. Sources and Application of Funds for TA Component For the period till March 31, 2016

SID131

ActualParticulars During the quarter Year to date Project to date Remarks

P,einiL,i-jr--.eiiieiil receiý,cJ from trie- 83rlPý 1.2 2 116.11 00 9,4 16,396 00 9, -116, 3 9 6 00

Sources of funds

Contribution frorn SIDBI 2,238,692.00 11,655,088,00 11, 55,088.00 -Total 2,238,692.00 11,655,088.00 11,655,088.00

Application of funds -Capacity, resource building and institutional 1,849,083.00 10,848,379.00 10,849,379,00 -strengthenling

Technical assistance and capacity building for 389,609.00 806,709.00 806,709.00 -ESCOs and PFIs

Other market development elements - - - -Total 2,238,692.00 11,655,088.00 11,655,088.00

i1.0

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PRSF - Quarterly IUFR for the period till December 31, 20155. Claim for Disbursement by the Bank (INR)

Claims under Guarantee Facility Technical Assistance Claims

ParticularsC Total claimed Claims disbursed by Total claimed including current Claims disbursed by

Current Claim Current Claimincluding current claim the Bank till date claim the Bank till date

GEF disbursement - SIBGEF disbursement - PFIGuarantee payout - CTF

TA reimbursement 2,238,692.00 11,655,088.00 9,416,396.00

Total 2,238,692.00 11,655,088.00 9,416,396.00

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