Hello.
My problem is well described by topic, however this is very annoying.
The line from ClientProxy, that is proved to render it:
MinecraftForgeClient.registerItemRenderer(Item.getItemFromBlock(FlagMod_Blocks.Plsmf), new ItemRendererSmall(new TileEntityPlsmf(), new RenderPlsmf()));
And the ItemRenderer:
http://pastebin.com/vXqkcT9A
And class, that should render model (works properly, but probably have to do something with problem):
http://pastebin.com/dLCvx83p