DAl<SHIN lfA/lYANA enu VITRAN NIGAM
                          (A Govt or Haryuna Power Distribution Utility)
                         RECD OFFICE: VIDYUTSADAN, VIDYUTNAGAR, HISilR
                                CIN No. U99999IIRJ999SGC0J~ 165

 From
                Financial Adviser/MM
                DHBVN, Hisar.
 To

                The World Bank,
                India Country Office,
                70, Lodhi Estate, New Delhi-110003

                Memo No. Ch- 2/Loose file/FA/MMM'B/2019
                Dated: 15/3/2019

Subject:        IBRD Loan No. 7748IN-Haryana Power System Improvement
                Project-Submission of Entity Annual Accounts and Project
                Audit Report for FY 2017-18.

                Kindly refer to the captioned subject.
                The following documents of Project implementing agency
(DHBVN) are sent herewith in conneclion with IBRD Loan No. 7748IN -
Haryana Power System Improvement Project.
                1. Entity Annual Audited Accounts for FY 2017-18.
             2. Report on the Project Financial Statement for FY 2017-18.
Encl: As above.
                                                                       ~~
                                                             Financial Advt'!fei+MM
                                                                  DHBVN, Hisar
CC to:
         1. The Addi. Secretary, Govt. of India, Ministry of Finance, Department
            of Economic Affairs, North Block, New Delhi-110001 alongwith copy
            of entity annual audited accounts and Report on the Project
            Financial Statement for FY 2017-18.
            The OSD to ACS/Power, Govt. Haryana, Shakti Bhawan, Sector-6,
            Panchkula.




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                     .       .
                 iANNUAL STATEMENT OF ACCOUNTS
                :,    FINANCIAL YEAR 2017-18
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    DAKSHIN HARYANA 81JLI VITRAN NIGAM LIMITED
Registered Office t Vidyut Sadan, Viclyut Nagar, Hisar :- 125005 (Haryana)
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                                                                                                      •             .
           DAKSlllrl HARYAIIA BIJU VITRAN NIGAM Lll,llTED
           iiiii:AiiCESIJEET AS AT 31st MARCIi 2018
                                                                uo            No.
                                                                                       As •t •1•1 Much 2018                 As 3111s, Ma-h 2017
                             partlcurnrs
                                                                                             A""ounr In Loki>$                   Amoimt In Lnkh~
            I, EQUITY ANO LIABlUllES
            !Al Shareholda~· Funds
                !al Share CanitDI                                                                  266,341.07                     .            254,432.57
                       ~rves on,! SUtt>IUS
                 cl R..-                                                                          (853,243.17                     .         , lf~7.0a3,22
            (8) Shue A""'llcatlon Monev "'ctndinn Allotment
                                                                          '
                                                                          ~                        238,052.35                     .             10,4•1.50
            (Cl Non• Current Llabllltlos                                                                                          '.
                                                                          5                        531 171.99                                  762 203.81
                  al, ~-term bonowin"•
                  ~ O<!fcired tax EabIGUesfnel'                                                                                   .
                                                                                                   180903.79                                   157 116.99
                  c Other Ion" term UablliUos
                  d Lon" term Provisions                                  ~
                                                                                                           .                                          .
            IOI current UablllUos                                                                                                               14 246.93
                 ro\ Slt(,,I ierm Borra,••·•                            as                           2078.41
                                                                                                                                               247,635.71
                 rh, Trade P   = ablos                                    9                        228 551.55                          '
                                                                         •o                                             I                      408 693.20
           __Jc)Otherwnentlinbtli'       Jos
                                                                          11
                                                                                                   4113-47.61
                                                                                                            .                          '•             .
                 lc!t Short Torm Provlsloos                                                                                                    967,687.49
                                   TOTAL                                                         1.007 ,203.62


                                                                                                                                            - -
            11. ASSETS                                                                                                        -·. '
            !Al N<in.Curront assets                                                                                                    '
                                                                                                                                       ;

                                                                               ~-
                 rnl Prooo  ~ Plal1t and e-··-mont                                                                            ,i I             473 166, 15
                       , Ta ihJt A.s11ets                                 2 at                     505 J.40.83
                                                                                                                              I
                                                                        I 2
                       Ii lntannible Ass.!1$
                                                                                                   129 063 74
                                                                                                                              .        :        11373813
                       hi Ca•llol Work In Pmcr•••                       tl2 cl
                     v tnt.,nntblo asset5 under dD\feloome:nt
                                                                                                                              I
                    Ncn,, Curren1 Inve1.tment1                                                                                I
                ol Ooletred Tax ASsers 1no11
                di Lo- -term LOnrll and Advances                          ,~             .           13 562. 15               !                  14 617,46

                o, Othnr Non· curreru Assets                              14                         20 103.95
                                                                                                                              '. .               Ii 966.73

           µ01 currant Assets                                                                                   .              :..
               la\ Current lnvesJments                                    15                                                                     27.9JS.09
                                                                          16                         23.495 10
               '"' lrwentorfes                                                                      263.878.05                .•                287 825.1 I
               n.., Traae Recelvllbla<                                    17                 '
                                                                                                     24•859.95                !                  15 780.75
                cl CMh and cash eouivalcnt•                             J, 18
               'di Short term loans and a!!vances                       • 19                         12.676.50
                                                                                                      8.223,35
                                                                                                                            ' ••
                                                                                                                              ;
                                                                                                                                                  7 714.6?
                                                                                                                                                  8943.40
                el O' Jlcr CUtrent assets                               W 20                                                                    967,687.,19
                                                                                                  1,007,203.62
                                 tOTAL

           Notes :0 Acea<Jn'.s from 1 to 30 form lntcgr\ll pan of I       aceouma.
                                                                                                                              :

                                                                  F       and on boh•lf of Boord of Olrocto,..                ;
           As per our ,epon of even dote attllchcd




            For P. Chopm & co.                                    l K BATRA)
                                                                                ~                                           f¼1/
                                                                                                          (SHATRU.Jiie'r INGH KAPUR)
                                                                  0 roclorfProJoct~                       Chalrrnon Cum ~ anogtng Olroclor
            Chortorod AccountantA                                                                          DIN: 07631220
                                                                   i N: 07167590
            F.R No.: 00¥J57N


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                                                                     'JIROEEP K. LOHAN)
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                                                                                                                    (CA KAPIL K MARWAHA)
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            Ploco: f-11 JA/l ' -
            Date: o8ju'6 i:t•ll
                                                                         DCC:
                                                                         Ito:
                                                                                      f01c.h/-4/4
                                                                                       l7-o7-l'b
                                                                                                                    Company Socrolllry




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     DAKSfil!I HARYANA BIJLI VITRAN NIGAM LIMITED
                                                                                                                                         ·- 1
     Stotan10111 of Pront and Loes for lho vaor ondod 31•1 March. 2018
                                                       Noto No,     For Iha yaor ondod                            For th~ yoor ondod 31st

                                       Por1J0utnrs                                  31s, Mo•clt. 201!1                    March, 2017
                                                                                        Amounl In Lakhs

                                                                                            1,340,013.44                          I ,.!43,752. 9l
       I.     Revenue from O"""'lions                                    21                                                          319 104 3'
                                                                         22                   361.219.49
       II     Other Income                                                                                                        1.ss2.as1.2i
                                                                                            1,691,232.93
      Ill.    Tolnl Rovonuo (l+lll

      IV,         Ex, onsos
                   la" est of materials consumed                                                                                   1,300 135.0l
                                                                         23                 1.421.560.03
                   lb Purchase of Power
                   (c)Changes !n lnven1orios of finished
                   goods, wo11<-ln-pr011ress and Stock•in-
         Tradc                 '                                                              '
          ldlEmnlovee b1lnefil exoensc                            24             134 228 74        108,934 Ci:)
                                                                                  77 991 18
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                      .c: ia I co::=
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                                                                   ;;:                               ;;:5
                                                                                                        «9   7
                                                                                                          :,.: '"3;.:
                                                                                                                    6 :':
                                                                                                                       -'-I
          tnl)e-eciatlon and a,noruzailon ex-nse                  26              22.512 ""          21 5'18 ;s
          ro10thcr exoenses                                       1.7             21.627.54          17,973 !Q
           et Prior Period Ex-           =n  __
                                              s e_
                                                0
                                                 s11n
                                                  ""_  _m_
                                                      oo o__-l--  1c!.
                                                                2°"  ra-                1 .:5
                                                                        ,,-+----__;~==-1----    ----'-'"""~       ""·"
                                                                                                                110    3'-I
                                                                                                                        "
                  Total Exponsos                                                             1 677.C21 38                          1,544,565.!0

                  ProOt/ (Loss) before oxcoptfonnl lnd
                                                                 13.~11.55
      V.      oxtraordlnorv iwms and t11xlt11-IVI
     r.;c---!F-==::.::..'-"'=C!!!!===.L--~-----1----_:::,::.
     ~ Cxco<>tional Items                               28
              Pron:/ (Loss) borero extraort1Inary items           13,411.55
      Vii.    and 1.ix rv . vii                                         .
      V
     r.~ ll.-l'
        l"'   E;::
                 x~ ~
                   tra "d:!!.
                      or ' ln~a!L!
                               "'l!!:te
                                      m
                                     :!! s'---------l--~
                                        !:!             29
                                                         ~--1------~-~--------'-
                                                                              1"   0~
                                                                                7,,:,. :,..5;::.
                                                                                      85    7'-l
                                                                  13,411.55
      IX.     ProOtl-iLossl boforo tax !VII· VIIII                               1.19622
      X.           Tax   oxoonso~                                                                          .
                       a, Current tax                                                                      .        .
                       b' Delened tax                                                                      .
                       c weallll Tax
                   Pronl(Loso) ftom tho period from                                                                                       1,19622
                                                                                                    13 ..111.55
      ~-           conUnulnn oooratlonsflX-X•
      XII,         Profi!lllossl f,i::,m d1SC0nllnulno ooeratlons
      XIII.        Tax exoonse bf dlscountlno o""raUons
                   Pr'lfiV(Loss) r.,;om DiM:Ondnulng aporallons
      XIV.          XII • XIII•         •              ,
                                                                                                                                           1, 196.2::
                                                                                                    13,411.56
      XV.          ProOt/(Loss) for tho period (XI+ XIV)
                                                                              30                                                                6 37
      XVI.         Earn,- ~ft• -ultv snare:                                                              51.10
                    11 Basic lli Diluted

       As per our rcf)Or1t even date attached                                       For and on bohalf of Boor


                                                                         ~                                     (SHATR          SINGH KAPUR!
                                                                        (R.KBATRA)                         Cholrmah Cur Managing Olroctor
      • For P. Chopra Jco.                                              Olrcctor/ProJccts
        Chnrtorod Aq:ountanlll
        F.R No.: oofi9'57N' ·
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                                                                        DIN: 07167590

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                                                                                                                 DIN: 07631,.20

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             -l                                                       ' (P)Uf
                                                                            oEEP K. LOHAN)
                                                                                                                    (CA KAPIL K MARWAHA)

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                                                        ~ If HARY;\NA Ql~LI YIJBMI W90M lJM!Wl
                                                   COSU FLQl'I STATEMENT EQB THg YEAR ENQllfQ MARCH 1Qlf


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  For P. Chop,.      &   Co.                                                   (11.e~                                             (SHA
 Chartered AccounLanta                                                         DlrtctorrPtoJec:b                                  Ch1I       nC
 F.ll No.: ~sm                                                                 DUI: 07157590                                      DIN: 0753110

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                                                                                    s--,
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                                      •                    Non,: 1

    SIGNIFICANT ACCOUNTING POLICIES &                                               NOTES          TO THE
    FINANCIAL STATEMENTS FOR FY 2017-18

    SIGNIFICANT ACCOUNTING POLICIES;
    1.1              The Nlgam Is governed by the provisions of lhe Electricity Act, 2003. The provisions
                 '. of the Act prevail In preparing lhe Accounts wherever lhey are inconsistent with
                                                                                    1
                                                                                                             lh(
                 \. provisions of the Compan,es A;:t, 2013.


    1.2. f BASIS OF ACCOUNTING:
                         Accounts of \ho Nlgam are being prepared on accrual basis based on the hlstorlcal
                         cost convention except In case of surcharge levied on delayed i:aymonls which are (
                         accounted for on actual realizallon basis


    1.3                  use OF ESTIMATES:
                  . The proparallon of financial statements requires astlmates and assumpuons to be
                         made lhat affect the reported amount ol assets and liabilities on the date of lho /
                         financial statements and the reported amount of revenues and expenses during the(
                         reporting period. Difference between the actual results and estim~tes are recognl2ed
                         In the period In which the results arc known I matenalized.


     1 .4.               FIXED ASSETS:
                            a) The Axed Assets are earned at the onglnal cost Including ;.ppropnale
                                  expenses capila11zed less oeprec1atlon thereof

                             b) 1 he Interest on borrowed funds atlributable to acqu1sitionlconstruc11on of fixed
                                assets. till commissioning of such assete, ls being capitall:zed.

                             c) Consumer's ccmribuucn, grants and subsidies towards cost of capital assets
                                ore not reduced from the cost of assets but being treated as 'C&pltal
                                  Reserves' and shall be amortized with the amount of depreclaUon over the
                                                                                                                    i
                    i                                                                          I
                    l             useful    life   of    fixed       assets   created    out       of   consumer
                    l


                 .....
                    I
                    I             contr:bulion/grants/subsidies. Tile average rate of depreciailon of plant &
                         '
                                  machlnery (T&D) Is taken for amor1lzalion.
                                  Toe expenditure.on capital work in progress is transferred to appropriate asset
                   ~         d)
                                  at the end of year trrespeeuve of the date of commissioning of projecl/work       (

                                 during that month.
                              e} During FY 2017-16, 20 Nos 33 KV sub stations are capitalized. These sub
                                   stations are constructed on the tand, g,ven by the Gram Panchayats of            /


                                   ·@rg;"
                                                                                                     0

                                                         ~m,,h~                                         fY
      I
             I
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             ..
                  1.5.   DEPRECIATION:
                         The depreclahon shall be caicoiateo ,n !he following manners as per I tERC MY1
                         Regulallon 2012 effective from 1/4/2013
                           a) The value base of asset shall be the historical capilal cost of the assets as
                                  admitted by lhe Commission, The historical capllal cost shall Include
                                  addltlonal capltallzatlon inciuding foreign exchange rate variallon. 1f any
                                  already allowed by the Commission up to 3111 March :,f the relevant year
                           b) The residual value of the asset shall be c~nslcfered as 10¾ and depreciation
                                  shall be allowed up to maximum of 90% of historical capital cost of the asset,
                           c) OepreciaHon shall be calculated annually over the useful life of the asset at
                                  the rates specified In Appendix II up 10 31 u March of tho    t 2"' year from the
                                  date of commercial operation of the asset. From 1" April of 13"' year rrom tht:
                                  commercial date of operation c,f the asset, the remaining depreciable value if
                                  any out of the 90% of the capital cost of :he asset shall be equally spread over                 /
                                  the balance useful life of the asset
                                  The deprecation rates give In Appendix-II will be ai,;:,licable w.e.f 1.4.2013
                                  only. The depreciation, in case of existing assets, up to 31.03.2013 shall be
                                  considered as already allowed end shall not be re-visited. The depreciation
                                  rates as per Appendix-II for such assets shall be appticab,e w.e.f 1 4 2013 up
                                  lo 12" year from the dale of COD (Commencement Operation Dale)
                           d) Land shall not be considered as            :i   depreciable asset arid cost shell be
                                  excluded from the capllal cost whlle computing doprecjablo value of asset,
                            e) Oeprcctotion shall be chargeablo from t!le first year of commercial operation,:
                                  the assets are pul in to the use an last day of finM1cfal yaar I.C; 3 l" then no
                                  depreciation is charged on that assets         In case of comm~tcial opcraOon of
                                  the asset for pan of tho financial year, then the deprecia11or· shell be charged
                                  on pro rata basis
                            I)    Depreciation shall not be allowed on assets (or part of assets) funded by
                                  consumer contribution (i.e. any recelpts from consumers lhft are not treated
                                  as revenue) and capital subsidies / grants Provision for replacement or such
                                  assets shall be made in the capital lnvestrneht plan .
                                                                                     •
                  1.6.   STOCK OF STOl'IES & SPARES (CURRENT ASSETS):
                            a) Inventory or stores & spares (Current Assets - Note 16, ·inventories·) ls
   "
                               valued at cost.                                                                                 (
                            bl Casi Is determined as per Weighted Average Price Method. Cost includes                    ...
                                  duties. taxes. freight. octroi, fnsurance, handling, clearing charges and other
                                  mcldcntal expenses Hence Cost of Material at Site ts taken as per weighted


                            r:)
                                  average price
                                   No stock was Identified as obsolete during the year and
                                  has been made ln the current year ln~t of_obsolete stock.
                                                                                                         ;
                                                                                                 hence1 no provision       I
                                   ' 1.f)     bl.Jy ~ ~                                          I   •       \:,;,,, ~


.....,__,,
                                                     ~-                                                       , ..
                                           ..
                        d) The profit or loss on sale of scraps is accounted for 1l•10 lime hrbl when
                            declared scrap and secondly as and when these are sold,



       17          REVENUE RECOGNITION:
                   a)       Revenue from sale of power ls being accoumeo for on accrual basis.                  In
                            additlen lo !his. the unbilled revenue equlvaten; 10 50% of lhe amounl billed
                            during the monlh of March is also added in revenue from sale of power
                            However, differences on accoun1             of adjustments of      unt;lercharge     I
       'l                   overcharged billing wllh actual billing arc adjusted In lhe year of recllflcatlon
                                                                                                                     I
                   b)       The subsidy from Govt. of Haryana is accounted for on the basls of its actual
                            recelpt,                                                      I

                   C)        M&lerial known liabllllies are provided tor on tt;e basis of available Information/

                             eslfmau:s.
                   d)        All Income / expenses pertaining 10 balance sheet under A11dit and nouced UiJ
                             to 30" Aprll next (being cut off date) or lhe date of submission of monlhly /
                             accounts by com:.omed ac::ounllng or.Its, whichever Is tater, shall be adjus1ed
                             In the financial year under Auuil.
                   e)        Income from surd1arge levied on consumers for delayed payment of energy
                             bills is accounted for on actual reonzatlon basis.


            1 8.   FUEL SURCHARGE ADJUSTMENT
                   The amount of difference between the actual power purchaae rate a~d lhP rate
                    approved by HERC vlde its orders on Annual R.,venue Requ1:en\en1 for the relevant
                    year Is being filed v.ith Commission lo cialm as FSA 1n accordance with mechanism
                    devised by the Comr:iission for corr.puling FSA. which 1s bemg allowed 10 recover
                    from the consumers in subse(lu!lni period I.e. In monthly installmen1s over a period
                    ol 2 to 4 years. The expenditure on account or Fuel Su,charge AdJuslment (FSA) Is
                                                                                                                         I
                    being accounted for when it Is Incurred and revenue on its actual billing basts.



            1.9.    RET!RE1:1ENT BENEFITS:
                    The retirement benefits are being provided on actuarial valuation           basts and as per
                    1he certificate of the Actuary In accordance wllh the provision of Accounting
                        Standard   15 {Revtsed-2005) or 01herwlse staled In notes on accounts. Pension                       /
                        liabilities Include llabl11ties on account or tca11e encashmenl, graiully. family pension
                        and pens1on or employees appointed before 1 7 99                The relriat benefits ol
•                       employees appointed on or after 1.7.99 are also being provided on the bests cl
                        actuarial valuation certlflcate. The benefll of pension vAII not be ava\lable 10 the
                        employees joining service on or after 01-01-2006 as they           will be covered undet
                        "New Pension seneme" nollftud ~,y Gi\1'.l' I laryana vlde 115 not19r.e11on (.) No

                              {:9~ Y,~                                  lS)--·'                        .
o_._
             .111'nf••·
                                                                  ~~,
        01/01/2004-I pension dated 04/12/2008 ond adopted by DIIBVNL In the BOD

        rneeling held on 31/07/2009. The work of actuary valuation for the FY 2017-18 has

        bcon al!o!lcd to Mis Mercer Consulting India Pvt Ltd and the firm has submitted his

        report. accordingly a sum of Rs. 40900 lakhs and Rs. 2000 1akhs booked as during
                                                                             I                 •
        the year expenduure / f
                              oabllilies fn respect of HVPN Pension Trust .and DHBVtJ
        Pension Trust respectively.


1 10. TRANSACTIONS lN FOREIGN CURRFNCY:

             a) Transactions In foreign cutrency arc accounted for at exchange rates
                  prevailing on the date of transaction.
             b) Current Assets ar.d L1abllll1es are translated at the rates prevtlllng al the end
                  al the year.
             c) In the case of liabilities In respect of foreign currency loons obtained for
                  acqulsluon of fixed assets, tr!! variation ,n the habllity arising out of the
                  va, -anen in exchange rates at the year-end Is adjusted to the cost of the
                                                                                  •
                  acquisition of fixed assets. f'urther, dunfl!] the FY 2017-18 e~change
                  fluctuation of Rs. 371662971· has been reduced from capital work in progress/
                  and corresponding decrease In llabllltles.   •                 1
              d) All transaction differences are recognlzed as lncome / expense dunng the
                  year in which the} arise,


1 11    PROVISIONS AND CONTINGF.NT LIABILITIES

              o) Provisions i,wolving substanllal degree of estimation In measLrcmer,t are
                  recognized when th~re     Is a present obligation JJs a result of' pasi events and
                  ii is prcbable that there will bean  outflow of resources. Contingent Llabllllles          /
                                                                                          '
                  are disclosed in the notes on accounts.                                 I
              b) Provision for amount of theft of propeny pending lnvesli~a~on is made
                  @10% l.e Rs. 10180191- on incremental liability Rs 10180187.96/· during                    /
                  FY 2017-18.


1.12.    BORROWING COST:
        The borrowing costs that are attribulable to the acquislUon or j construction of
         qualifying assets are capitalized as the pan of the cost o!             :Su'cn       assets. Tho


             a)
             bJ   Average ot opening and clc,sing batunc& <>I CWIP.
                                                                           •
                                                                           •
                  Average or opening & closing outstanding loans for capltal     r
                                                                                 •
         borrowing cost is aipltalized on the basts of weighted average formula as under>



                                                                                 '
                                                                                                             /
             c)   Interest paid and provided   for the year on loans !or capital ~,orks.
                                                                                                    ,
             d) (Cap:~''.~r~/borr~w
                                  _P  cost= C X~
                                   Ing/                                                       .l
                                                                                                .       C,



•lll'ni:,·                               /
                                        Y"                 ~
                                                ~
    1 13.            INVESTMENTS:

                     No contingency reserve       Is   created since Onanclal year 2006-09 as per I lon'blo
                                                                                                                             1
                     C1;mmiss:o:1   ercers dated 20-11-2008 en AR~ for FY 2001!·()!: Howeve• lhP. ~aiy
            . amount or investmcn1 hos also been realized d1;rinp the FY 2013-14
                                                                                                                     ./

    1 .14   .
            i
            )
                     UNSECURED LOANS-GOVT./HVPNL LOANS:

            l        Recelpl of loans, lnteresl accrued lhoret,n & repayments regarding loans from
            ~ Govt.fhiVPNL              (dlrectlynndirectly)   are     acceuntcd    for        o~   the     basli.     or

             ! edvice/lnslrucltons of Govt./HVPNL.                                                                                   (

    1.15. GOVERNMENTGRANTS:
       I Gra-us from Central/ State Govemmenl for 1he purpose of Cai,ital Works are
                     censidered as Capital Receipts and other grants in the- shape                    c:'   incenlivesl



    r
    I
    I
                     subsidies etc. are considered as Revenue Receipt arc accounted on 1he basis of

                     advice/Instructions of Golll or Relevant Aulhonties                                                         I
    J.16             RESEARCH & DEVELOPMENT:




                I
                     Revenue expenditure on research



                                 ~xed assets .
                                                                 S. dcvelopmcnl ,~ considered as revenue
                     expenses and Capital expendltur"J incurred O"I •esoarch & development 1s added '.o

                     respective r
                                                                                                                                 I
            • 1:


\    1.17. IMPAIRMENT OF ASSETS:
                      An    asset is   treated as impaired when the carrying            cost    of asset oxceeds Its
                      recoverable v&lue. An Impairment loss ls charged to lho Profit and Loss Account ln
                      the year in which an asset Is Identified       as Impaired. The   lmpalrmrnt loss recognized
                'i    In prior accounting period ls reve~ed      If !here has been a change 1n the estimate of                       L
                      recoverable amount. Further, DHBVN has not done any impairment of assets during

                      the   FY 2017-18.



        1 18          Provisions for Bad ;ind Doubtful Debts
                                                                                                             @
                                                                                                                     10% on
                                                                                                                                 .   (_
                                       r~.., ~, ,··~-.
                      Nlgam has a policy of creating provision for bad and doubtlul debts



        , , ,..• ~"a:_;5·                                                                                              (.J




l _
      I 19.   MISCELLANEOUS:
                                                                                      I

              a) Expenses on raising nnance and financial l1Jans are charged to revenue.
              b) Cash flow statements are prepared using Indirect method as prescribed In                                /
                        Accounting Standard-3. issued by ICAI
              c) No significant events lhat occurred after the balance sheet date CdisclosP.d as per
                        accounting standard 4, issued by ICAI)           .                    .
              d) Prior period expenses/income have been disclosed note-27(a)• or ihe balance
                        sheet. (dlsciosec as per accounting standard 5. issued by !CAI)
              e) Interest on loans and advances advanced to the staff IS being recovered auer the
                                                                                                                     <
                        full recovery or principal amount. However, interest is accoun(ed for .on accrual
                        basis in the accounts.

                    Accounts have been prepared as per Accounting S:and~rds prescribed by
                    Institute of Chartered Accountants of ,l:idla from AS I to AS 29 and which are
                    relevant to DHBVNL



      NOTES Ot,I ACCOUNTS
               Thi, figures tor this year and the previous year have been shown in the relevant
                    .                                                                               I                ~
              notes and regrouped and rearranged for belier presentation wherever considered                         ~
              necessary.
                                                                                              t


      1 21    CONTINGENT LIABILITY:-                                             •            i:
              Contingent IJabllities as on the date of Balance Sheet                      t   j·
               i)          Contingent 1fab1lltles In respect of civil suits filed by the thl~ parties og9lnst
                           the Nigam are approximately Rs. 84638.93 Lakhs (previous year Rs.
                                                                                              t
                           199054.53 la~hs), Out of Rs. 84638.93 Lakhs. contingent lla~ility of Rs. f\0680               _./
                           Lakha arises due to commerclal operation or date by generating Co (Mis JPL).                  ~
                           The case Is pending with APTEL New Delhi, next date of hearing fixed
                                                                   .                          .
                           04/12/2018.
               ii)         The Nigam had flied a petition In Punjab and Haryana High;Court Chandigarh
                           vide CWP 16515 of 2005, regarding payment of Fring!! Benefit Tax on
                           contribution to superannuation fund for FY 2005-06.        Th~          matter has been
                           stayed   by the Hon'ble Punjab and Haryana High Court 1de his order dated                         /
                           06/02/2006. Later on, all the petitions of similar nature from various Courts
                            across India hove been transferred to Supreme Court vlde \ransfer petition no
                           TP-132 of 2006 on the request of Revenue Department. Ttils Transfer Petition
                            was dismissed by lhe Hon'ble Supreme Court of India on 21.04.2016. Another


                           ~ r.;:'~"'"~" ,, '"' ,..,,, ~'""' ~ '"'
~1
• I
                                                           t,o
                             Hon b!o Supreme Cou,1 of Indra as per tne 1r1fo,ma11c:1 ava,tab!e on website ol

                             court   olld ttus Transfer Pcuuon Is hkcly to be heard shortly The amount ol Rs
                             s.e~.86.7151- p~ld on ar.c~u'll or l'BT for FY 21lC15·06 wa~ con~ldorl'd   as an
                             Advance Tax during       FY 2005·06 to be refunded by the Income Tax
                             Department, any adverse decit·on of Court will a/lee! the profitabu,ty of the
                                                                                        I
                             Nlgam.
                             No payment of FBT ;n respect of CQnlnbution to superannuation fund has
                             been made durrng FY ~006-07 2007·08 6 2008-09 However, the FBT case
                             for FY 2005·06 has been assessed by the Authority vide order dated
                             28 12 2008 .ind refund of deposued amount has been claimed b;- the N1gam
                      fli)   Ounng FY 2008-09, the Income TaY Department Hlsar has raised a demand
                             of lax Rs 55 09,01 707/- on account ol non deduenon of TDS under sectron
                             194J al Income Tax I ct on payment of transm,ss,on charges made to HVPNL
                             for FY 2005-06. 2006-07 and 2007-08 nus amcunt was shown as co,11in9ent
                             liability In the FY 2008-09. Tho case was der..d~ in favour or DlfBVNL by
                             rTAT Now Delhi ~onch on dated 23 10 2009 & the appeal was allowed in ruu           /
                             But there after the Income Tax Dcpanment had filed an appeol In Punjab end
                             Haryena High Court CllandIgarh, Tho Hon'ble Court, vlde 1111 order. IT-\ No
                             652 ol 2010 (O&M) dated 8/:-,201,1 authonze the Assessing Olf,c:er to
                             consider the eternen: of mcome In the lransaclion as well. t.ifore pasimg a
                             fresh order in accordance w1th taw Now th!! caso 1s pending with concerned,

              ·1             ASS8SS111fl Officer. IT Department
               !   ,v)       Cornrnlsslene of lncom~ 'rax ~h&.sr have flied an appeal ai;;amst t.re ITAT
          ....
          f
                             Delhi ·Bunch 13 order dated 27/06/012 anc 10/02'2012 1n the Hon ble Pun1ab
                             8 Haryana High Court Cnandigarh vode CRA No 369 of 2014 and CRA No
                             226 of 2014 for the Assessment Year 2007-08 end 2008-09 resi:octively on
                             account or disaltewance u/s 40\a) (ia) for non-deducilon or Tax on payment or
                             vlheoling I transmission charges of Rs 152 53 erore (AV 2007-08) and Rs
                                                                                                                    I
                             241.55 erore (AY 2008-09), Both the cases were hoard by the Hon'ble Punjab
                             8 Horyana H,gn Court on dated 30/03/2015 and adiourncd s1no-d1e 1111 the
                             final decrsron 111 ITA 652 of 2010
                   v)        Commissioner or Income Tax Hlsar has filed an appeal ,n the Hon'ble Apex
                             court New Deihl against the Judgment dated 01/10/201" passed by Hon'bte            {
                             Punjab 6 Haryana High Court Chandigarh 111 ITA No               209/14 for lhO
                             Assossmonl Year 2006-07 on dlsallowancc or provision ol delayed payment
                             surcharge due but not realtzr,j worth Rs 225 18 crore Next date of hearing is
                             likelv to be fixed
                                 •
                             The Elcctncity Ombudsmon, Haryono, HERC, Panchkula In its cecrsrcn dated
                      VI)
                                                                                                                (
                             20 Septllmber 2012 had dnected to charge the penalty for MDI exceeds on
                             n.co lndustnes tor one mon~.            32 96 L.ikhs (one month) only Instead of

      ' I I' o ii a           , -;~p ~ g,e        \-1/      [,l/                                        (I


L__                                                           r..,
                    17 mcnths Rs 5 60 erore (1 i Monlhs i c January 2010 to May ?.011 ). The
                    Nlgam has filed an appoal vmh Punjab and Haryana High Court, Chandigarh
                    against the orders of Ombudsman. Haryan:,, HERC. Panchkula and the case
 ''
                    Is defended by Xen OP Divn Sohna ann s1III under trial The next ·date of the
                    case Is fixed on 06.08.2018 Tho Nlgam Is contin3ent:y t1o!lle for to Rs. 5.60
                    crore                                                            I




      i 22.   The fixed .. ssets have not b~sured The cash in transit and cash in chest has
              Dt!cn insured. The Fixed assets Include some transformers which v/erc damaged
              dwlng warranly period and tying at store ior want of repairs. 1 ,
                                                                                . '


      I 23    The assets allocated 10 other power utllillcs are br.1ng ulihzed by DrBVNL and vice
              versa. The accountinqs c,f rental paycbles/rcceivobles to/from have not ocen made                 /
              In accounts or DHBV•IL In absence of specific agreement In 'his regard


      1 2,;   In tne opinion of i.re N1garr., ltie current assets and loons and advances are of the             (""
              value as stated m the accounts, if realized m the ordinary course of _business


      1.25. Assets held for disposal as showr. In lhe Note 14 amounting to R/:. 2733.65 Lakhs
              (prevlou~ year Rs. 2736.34 Lakhs) represents the discarded/ surveyed off assets
              and these have been taken at their written c:own      value. Furthpr, loss or p1ofll ls           /
              accounted on aciu~I sale of assets


      • 26    Subsidy irom GOH for concnsslonal Agriculture Power

              Subsidy received from G.0 H dunng FY 2017-18 ,s to the tune         of f<s   304332 05
              raxns !or providlnp clecmclty suppl~ to agriculture pump-set consu_mer at subsidized/
              rates and FSA relating to ag,icullurc calegory




      1.27.   SUNDRY DEBTORS:

              As per balance sheet. the Gross deblors outstanding as on       31-03-2018 are to the
              tune of Rs. 733270.49 lakhs our of which a sum of Rs. 77937.30 lakhs pertains 10
              banking and inlerslate sale of power. The age wise break-up ol debtors are as /

              undec-



              I~ge of Debtors                                              Amount of Oeblors
                                                                             (Rs. In Lakhs)
                                                                                                   I
              I                     s
                Debtors more than monihs ..,
              1 Debtors up 10 six monlhs
                                                                                    i31228.41
                                                                                         2042,os   I
                                                                                     733270.49
              , Totnl:                                                                                 C;
                                                                                               i                        (J ,.

                                                                                                            I   N -~ )
                                                                                                                    )
                                                                                                                /
                                                                                                                    ...~--,
                                                                                                                        ./

--
~I
                                 ••                                          ·•


               Allor considering the provisions, the not dobiors comes to Rs. 263878.05 takhs
               shown In Nole 17 of ihe Balance Sheet.
                                                                                                                     I
1 28       MTC. EXPENSES (If VIDYUT NAGAR. HISAR.
           A sum ol Rs. 210.27 La~.hs (previous year 200 35 L.ikhs) has been charge<! as
            recoverable from HVPNL on account of malntenancc of Vldyut Nagar, H,sar as 25% /
            portion belongs to HVPNL                                                                                 •




,1.29.. INTEREST AND OTHER EXPENSES CAPITALISED

               Interest & Guarantee Charges amounting to Rs. 12895.59 Lakhs (Previous year Rs.
               11950.11 Lakhs) and employees cost anrt other expenses omc:ml!ng to Rs. 1541.95
                                                                                         I
               Lakhs (Previous year Rs, 1764.33 Lal<l-s), out of current year e~penses have been
                                                                                                                     J
               capltallz~d and Included In capil:il work In progress as shown In !he note 12 (c).




1 30 . GPF DC:DUCTIOtJS/PAYMENTS OF EMPLOYEES RECRUITED BEFORE
       01-0?-1999:-

       ; Al the beginning ol the year. a sum of Rs 5105.09 Lakhs was Receivable from
               HVPNL Provident Fund Trust and at the end of this year It ls Rs. 7444 ..61 Lakhs as                       j
       ,
               0
                   Rece1:able from H\IPNL Provident Fund Trust"
       Ii The details of the same are given as under.-

                                                                                             ,Amount (In Lnkhsl
       ..          Sr.   P:irticulors
                                                                                    Current           Previous
                                                                                                        Yonr
                                                                                     Year
                   No                                                                                  2944.19
                         Net amouot Receivable from HVPNL Employees                  5105.09
                   1.
                         Provident Fund Trust al the beginning or the year
                                                                                     5823.67           5895)5
                   2.    Payable-GPF Subscription (GH 57.120) during the
                         vear                                                                454 73     301.42
                         Interest Receivable from HVPNL Trust (57 122)
                    3.
                                                                     ---
        I
                                                                                  i.--
                         Total payable to HVPNL Employcos Provicient                         263.85 ~ 2650.14
                    4
       ·I                Fund Trllst 12-1-31
           I
                    5.   Receivable-OPF payments made (57.121)
                                                                    to                   noa.45         n5S.23
           !
       .   ~             Emolovees durlno the vear
                                                                                                  0              0
                    6.   Amount pald/(received)    lo Trust/adjustment
       ,,
                   -7.
                         (57.123\
                         Receivable from Trust (5+6)
                                                                                         77108.45       7755.23


                                                                                                  ---
                                                                  En1ploye:cs                7444.6     5105.09
                    8    Net receivable from HVPNL
                         Provldont Fund Trust 17-4\        -            _.L---                              (.,

                         (~) 1          ~ ~
     1 31    GPF OEDUCTIONS/rAYMENTS OF EMPLOYEES RECRUIT                          O ON OR AFTER
             01-07-1999;
             At the bcginnlng of the year, a sum of Rs 156.57 Lakhs was pa able by DI tBVN to
             Provident Fund Trust and at tho end of current financial year     Bs              715.76 Lakhs is
                                                                                   I
             receivable from Trust The delall or the same~~ glvPn as under j

                                                                                           '
                                                                                   mount (In Lakhs

                 Sr.                       Particulars                        cioill
                                                                                           '             --
                                                                                                  Previous
                                                                               ~r                   Year
                 No.
                 1       Opening       balance      of
                                                              -
                                                            GPF
                                                                      -
                                                                     amount    · 6.67             - (53,25)
                         oavable/trecelvable\ to Trust
                                                                               ! 7.96                469.55
                 2       Add GPF contribution payable during the year
                         /57 1601
                                                                               _if5.~7                   4 29
                                                                                                                              /
                 3       Add Interest oa~at>le durina U,e veer 157.162\
                 4       Pa• ab'c amount or GPF j1+2+3I                        720:40                4~Q:.~
                 5     I Less paid to Emoloyees on behalf of Trust dunng       2r:1s                 26923

             '
                         lhe veer 1511611
             •6                                                                ·1200.00                15.211
                         Less na!d to Trust during FY 2017-18 !57.163)
                                                                               1436.16                264.02
             ·1        , Total pcld amount of GPF r5+61

             r         I Net payabto/(recelvable) amount to DHB\/NL
                         employees GPF Trust (4-7}
                                                                               .
                                                                              (?\ 5.76)


                                                                                       I
                                                                                                      156.57




     1 32.       PENSIONARY CHARGES OF OLD EMPLOYEES:                          .
                                                                               .

                 Ao amount of Rs. 40900 takhs on account or terminal ben~ts of the employees
                 recruited be(ore 1-7-1999 for FY 2017-1 B has been .-ccoun\~d for as                per a,;tuarv             /
                 •,atuatlon report of Mis Mercer Consulling India Pvt Ltd and has been show'\ as
                 payable to HVPNL Pension FI.Jnil Trust




     1.33.       PENStONARY CHARGES OF NEW EMPLOYEES:

                 A sum of Rs 2000 lakhs on account of terminal benefits in respect of employees /
                 recruited on or after 1 7.1999 has been provided In the alou,nts .as per actuary
                 valuation report of Mis Mercer Consulting India Pvt Ltd has bee'! shown as payable

                 to DHBVN pension fund trust.                                              I.


      1 34       SURCP.ARGE LEVIED ON DELAYED PAYM!::NT:

                 Income from surcharge Is accounted for on the. basis of acta1 realization On t ,
                                                                                                                     0
                 basis ol ac\u,1 realfz.atlon a sum of Rs. 11:!52 17 fakhs has een account~~ lo[ a
                                                                                                               ··I·
                 Income from surcharge against total as~cnt or Rs 6382
                                                                               .49 lakh~,.
                                                                                       /(
                                                                                           • ',
                                                                                                     ./ .-,, .\..
                                                                                                           V        '(_,'\


                     (\jl      i     -fl/ ~ '(9-/
                                   /,,                                                              c}     f1 Jo      I   J



                                                                                                  ½'~-
                                                                                                  I ·~·
                                                                                                         UU. ,11

                                                                                                             \
                                                                                                                    I :;

                                                                                                                   ..•,
-~
              ··-       .                                                                            ..
'
'r,
                                                                                   I

      1.35.                              1ed 111 Op. StD,vn. Adampur under Op. Oivn No. II,
              Cash embezzlement was dele1,
              Hlsar In April 2©1 for which Sh. Karam Singh Kamboj and Sh. Sita Ram LOC/C
              WM'! found at fault. An FIR was        •od:,M :isalns• Sh K:m1m Singh t<amboj SOO and
              Sh. i;ua Ram LDC/C, Now, Sh. Koram Singh Kamboj S00 has already been retired

                                                                        -
              and the services of Sh. Slla Ram LDCIC has been dlsrmssed vide SE Op. Circle,
              DHBvN Hlsar 010 No. 301 dated 29.03 2010. The total embezzled amount was Rs
       ~           13,39.833/-. The provision for the above amount lied already been made In the
              accounts for F~ 2004-05, No recovery from any officer/official has been made so far.
               Besides, the criminal proceedings against Sh. Sita Ram LDC/C (dlsmlssedj Is under
               trial In Civil Court, Hisar and the date of next hearing has been fixed on 02/07/2018.
                                 .        ....        .
                                                      - ~ -·                           -
               However, criminal proceeding against Sh. Karam Singh Kamboj," AEE (Reid) has
                                                                                   I
               been decided In his favour vide Hon'ble Pb & Haryana High Court LPA No. 597 of
               2011 & Hon'ble Supreme Coult In SLP No. 14313 of 2011 Hence, recovery cannot
               bemede



      1.36.    An embezzlement of Rs. 7,53,767/- was lal<en place m Op SID,vn Taoru under
                   O.C.C Oivn. Gurgaon during FY 2005-06, out of v,:i1ch a sum :if Rs. ?.7499/- were
      TT           ~ecovered from the officials concerned so far and the remaining amount of R~
      \\.          1,,26,268/- is still pending. The Memorandum for write off the same has been put up
       ~fore the authorities ,being the delinquent officer committed suicide, out tre same
                   Is ~till pending. However, the provision of the loss was made In FY ?.005-06.


      1.37,        An ambe:zzlemcnt of Rs. 20, 18,3411- was detected In Op Stoivn. Taoru under Op.
                   Divn. senna during FY 200'.'-08 as tnlimated by Xen Op Olvn. Sohna.             A sum of
                   Rs. 9,53, 4S2/- was deposlled by Sh. Deewan Chand S00 and Sh. Parveon Kumar
                   LDC, who was entrusted tho dulfes of casnler, The provision for loss on this account
                   was made during FY 2007.08. However, the figure or embenlement as intimated by
                   CGM/Aud1t, DHBVNL H1sar is Rs 22.58 Lakhs. GM/Admn .. OHBVN, Hisar vide his
                   0/o No. 58/Conl/NG/OH-337 dated 30107/2012 orders for recovery worth Rs -
                   17,71,120/- from Sh. Parveen Kumar, LDC. Out of which Rs. 3,24.937/- already
                   deposited by him & recovery for the remaining amount is comm,;ncing @ Rs. 7000/·
                   PM w.e.f. 1/1/2013 lo 0912017. (Rs. 22,500/·   + !'ts. 399000/- has been recovered up
                   to 9/2017).The official has filed RSA-3749 or 2017 in Hon'ble Hl~h court Haryana &
                   Punjab, Cr.::mdlgarh on which the recovery has been stuyed by the order of H~n'ble
                   High Court Harvana
                                .,                     rh ond next dote of hearing ha~bcen,r.xed
                                      & Punjab • Chandl~                             r-~0?1" ~),
 ;
              . on 17.10.2018.                  ,.                                            ~c,,
              i(3)
               .
                   ~                b'vW                                                     ~~1
                                                                                               ~~~
                                                                                                              1




 L_           tl
                                                          6<
    1 38      The wo:k of bill collection   was outsourced lo HDFC Bank, CBI, Vijaya Bank & Mis
              Suvidha in Faridobad Circle. Some embezzlement were noticed during June 2014.
              matter Is under lnvesligalion and e1act amount invlllved will be worked out in due

              course.




    1.39.     An embczzlemer.1 of Rs, 47.22 Lakhs In Siu Ballabgorh See1or 25 under Op Circle
              Faridabad h~ been detected & Chl.?f Auditor DHBVN Hisar vldl' his memo no
              CNRNMiscI707 dated 29/12/2014 reported thnl Rs 4 I ,72 lakhs (wllh surcharge
              Rs.5.31 Lakhs) stanos recovered lrom the consumer and balance of Rs. 10.81
              Lakhs ,~ 10 be recovered. However delinquent official, Sh. Batwan Singh, MR placed
              under suspension & charge sheet Issued to him vlue SE/HR. DHBVN, Hisar
              Memorandum No. Ch-2/RCS-112 dated 25/02/2014. T~e competent authority vlde
              his offir.e order no. 438/SE/HR coted 10-06-2015 has decided to dismiss Sh Balwan

•             Singh, MR from Nigam service with immedlale effect.




     1.40.    An embezzlement or R~. 29.03 t.axhs in Op S/Divn Badrota under Op Circle
              Faridabac has been de1ected        e.   Chief Auditor DHBVN Hiser vl~e his memo no.
              CNRNMlsc/707 dated 29!12/2014 reported !hat Rs. 14,26 Lakl-is stands recovered
              from the consumer anC: balance is being recovered. Charge sheet has been served
              upon delinquent omc,al (Sh. Narcsh Kuma, Sing•a, ASSA working as CA vl:le SE/Op
              Circle DHBVN Fandabad Memorandu'l) No 43JES/FC-sg dated 1~/06/2014 and Sh
              Maan Singh, UMan worl<ir.g as LDC vide SE/Op Circle, DtfBVN, Farldabad
              Memorandum      No. 12/ES/FC-864 dated 10/06/2014).,The decislon:of charge sheet Is
              pe11dlng,


                                                                                         ;
     1.41                                                                     • the
               FIR against contrector for executlon of Piller Bpx work order to   I tune of Rs.
               125.33 crore In Faridabad Circle has now been transrerred to Dlrdctor General,
                                                                                         '
    .__-sfate Vigilance Bureau, Haryana, Panchkula through Chief Sec1ejary                         10     GOH.
               Vlgllance Department vide his Memo N·o. 47/5/14-3Vll ·dated 2119312615 tor further
               investigation The investigation Is In process, ·




     1 .42.    As per Nlgam's policy, Rs. 5233.07 lakhs was peld to consumeis on account or
                                                                                     !            .,,.-    -
               Interest on consumer security@ 7.75% per annum during FY 2017-18. ,,; 0l'lll _,, ~
                                                                                              1
              <:3Y bI         a-{£, ~-
                              ~        ~
                                                         ~                       1           ,:; "' ril,: ~
                                                                                             O'
                                                                                                          , 7~ \
                                                                                                 OOl'Y.liN !I
                                                                                             ({,          ,f
                                                                                               ",_l(tJA,.~-




                                                                                I
•••
       1 43          SHARE CAPIT,\L:
                 '
                 IThe Aulhorizcd Sharu Cap,Ial or Ihc Nlijam Is Rs 150000000 lokhs As on 31-3-
                     ,01e :r;c shcre .:rpll::;.Hcoi m!lo"lY ~ndlng ror aU0ImenI Is Rs 238052.35 lakhs
                     agamsl previous year of Rs 10441 50 lakhs
                 The breakup of paid up Capllal Is as under·-

                         Sr.                                                                     Amount
                         No.                            Particulars
                                                                                                 in lakhs
                         al      Shares with Goll\. or Harvana 22461366 Nos.                  2.24.613.66
                                 Share;; with HVPNb 4;!,72,73~ Nos Out of tho abovd
                         b)      4372735 no shares are allolled as fully paid up pursuan          43,727 35
                                 to a contract without oavment recerved in cash.
                         c\      Shares wllh others                                                  0.06
                                 Total:                                                       2.68.341.07
      f.44       INTER UNIT ACCOUNTS:-
                                                  0
                                                                                                                   /
                 The Inter Un,t Acc'lUnts balances under IUT-33, 34 as on 310318 as shown In
                 Noles No 18 & 10 are reconciled

      I 4S       POWER PURCHASE:-                                                                          /

                 a)           Government of Horyana, Power Oepar1ment has transferred the power Irad1ng
                              business Irom HPGCL lo the Dlslrlbutlng Nigam I.c OHBVNL .ind UHBVNL
                              with effect frcm 1" April 2008 vide Its nohficahon dated 11" Jl.pril 2008 As
                              provided vlith lhe ncnflcat.on, the Haryana Power Furchase Cell (HPPC) be
                              handled by the transteree Companies on Single Buyer Model and the functions
             !                of procur':19 Shon term and lo~ term power will he didcharge by HPPC.
                              Panchkula During FY 2017-18, the Nigom has purchased the Power rrom short
                              tenn and long lonn sources os per dotoll g,ven below Power purchase cost
                              Includes the expenduure on account or revrsicn of purchase rate as per                             /
                                                                                                                                 I
                              CEF:C/HERC orders during ?.017-18.
                 --
                  Sr.           Particulars       --                    Unit in     Rupccsln - Raio Per 1

                     ,
                     No.
                                Long Tenn
                                                                        Lakhs
                                                                        302038.33
                                                                                     Lakhs
                                                                                    1148489.12
                                                                                               Unit /Rs.I ,
                                                                                                               3.80
                     2          Shon Tonn                                                                  4.20
                                                                         12882.70     54147.42
                     3          Unscheduled lnterchance                   2737 12     12445 20             4.54
                     4          Tolal Power Purchase 11+2+31            317658 15   1215081.74             3.82
                     5          Transmission charges PGCIL &
                                ooen Access                                          11611558
                     6          Total Power Purchase (-1+5)             317658.15   1331197.32                 4.19_
                     7          Less (a} Transmission losses             12685 80
                     8          (b} Inter s10I0 solo or Power                         6959886                  388
                                                                         2305742
                     9         Not Powor Purch.isc (Delivery
                               Polnt116-7-SI                            281934.84   1241598.46                 4.40
                     10        Add Inter stale sole or cower 11\         23057.42     89598 86
                                                                                                      ---388
                                                                                                      --4.36
                     11        Total                                    304992.26   1331197.~~             -
                     12        Add Transmission charges or                             90362 71
                 .__           HVPNL

                                                                                      -- ---r .-·-                          r
                 ~-                l (1J~!1t __

                                                      w
                     13        Tota                                I,   304992.26   m,sso.03, ·-; 4.66

      IJII' n
                               (~1)l ~                                                                             I
                                                                                                                          '. ,
                                                                                                                          ' '
                                                                ~
                                                                                                  '    '   \   '   . ..     /
 •                                                                      ·-       ••


                   b)     FUEL SURCHARGE ADJUSTMENT
                                                                                       I
                    The power purchase cost (Including Transmission & SLDC Charges) works out to
                    Rs. 4.48/· Unit against HERC approved rate of Rs 4.201· Unit (including
                    Trar,smisslon & SLDC Charges) for FY 2017-18, The Difference between the HGRC
                    approved rate and actual cost of power purchase (As per HERC orders dated
                    01/08/2013) comes lo Rs. 8/\944.26 lakhs whl~h as treated              as Fuel         surcharge
                    adjustment (FSA). The Nigom has billed lh!: amount of FSA to consumers on
                    qunrterly basis during FY 2017-18 In compll~nce witn the HERC various orders. If
                    there Is any difference between the amounts blllerl to consumers ~nd actual cost of
                    FSA, the same will be filed with HERC and ofter getting us approval the same will be
                    billed to the consumers accordingly. True up shall be filed with HERC on Quarterly

                    Basis.
                                                                             •


           1.46.    /, remuneration of Rs 2,75,000/- plus OST as appllcable plus reimbursement
                                                                                     I
                                                                                               of
                        actual TNDA expenses, out of poci<et expenses. lodging. boarding. vehicle and
                        other Incidental and/or anclllary cliarges subject to the criling or Rs. i.25,0001· on          /
                        submission or expenditure vouchtlrs/bl11s to the statulory auditor:$
                                                                                                     '
                                                                                                  lo~ auditing    the
                        accounts of the company for th<J FY 201-7-18                                  l
                                                                                             -        I
                                                                                                      1·
           1.47.        A sum of Rs. 23.4001· all Inclusive plus applicable rexes have been provided tor
                        proresslom::I charges in oonnection with maintenance of Cost Accounting Records of
                        DHBVNL. In addition,   a   sum of Rs.19,499I· (Including all type o\ Taxes, duties and/
                        out or pocket expanses) plus Rs.10.0001· towards XBRL conversion fees. Service
 .I                     Tax and fillln!J fees with the MCA GOl shall be pair1 by DHBVNI:· as per actual has
                                                                                           1
                        been provlded as 00s1 audit fees an the accounts for F.Y. 2017-18.        I

                                                                                             i'
                        A sum of Rs. 280.00 lakhs (Previous year Rs 200.00 lakhs) tave been paid on
           1.'18
                         account or license fees to the Haryana Electricity Regulatory Co~missaon for the FY /
                         2018-19 which has been transferred 10 prepaid expenses. A sum of Rs. 20!).00
                         lakhs which was paid during FY 2016-11 (relates to FY 2017-18i,hes ~een revt'lrsed
                         back from prepaid expenditu,e to current year expenditure .




. .J
k-1
__.    _
·1. 50       Tho provisions for deprectauon and all known tlablll!los are adequate and considered

             reasonable.                                                                    ,


1.51         As per HERC orders dated 20.11.2008 on the ARR for FY 2008-09. The Nlgam has/
                                                                       1
             stopped to create contingency reserve from FY 2008-09.



1.52,, Dakshin Haryan:i ~ljll Vltran Nigam Ltd. was a subsidiary of Haryana V1dyut
             Prasaran Nlgam up to FY 2008-09. Now, the shore capital of GOH has been
         .{ lneteased and It ccmeste more than 51% of the total Share Capital. The HVPNI Is          /
             holding 4372735 shares@ Rs.1000/- each amounttng 10 Rs. 43727.35 tokhs.




1.53 ] DHBVNL ls engaged In Distribution and Retail Supply business on the license
             granl!!d by HERC in its orders dated 04·11-2004 bearing license no.2-DR.                /
         1




 1 .!j4,·    DHBVML has not defaulted 1oward: repayment of loan/capital liabilities during the

             year




 1.55.       Tho amount ls paid IO the smoll scale Industries ar,d non small scale tnd•Jstr1es
I            within the contractual period. The amount payable to the small scale lndustnes ... nd
              non small scate Industries as on 31-3-2018 ls within the contractual penoo.            /




 11.58.       Loans & Advances as per Note 13 of Balance Sheet given 10 Contractors/ Suppliers
              and   Note   19 given to Employees are secured agalnstl bank guarantee.
              hypothecatlon of building aad vehicles and surety of confirmed employees of
              DHBVNL. Moreover. unsecured advances given to employP.es are on verification of
                                                                                                       I
              confirmed tJmployees of the Nigam.


  1.s1;       No expenses of personal nature have been charged to P&L Account of the Nlgarn              ~
              during FY 2017-18.



   1.58.       Internal Audit Is being conducted on rotational basis by Chief Auditor nf DHBVNL /
               Internal Audit being perpetual In the Nlgam, the audit of accounting unhs which could


               Ml~          f i!"~ '"'·tr~"'""',, '"'I"""''" "
   1~11·,1~·                              /              lf
                                                       61
 ..
          1 69         SEGMENT REPORTING.
                       The Nlgam has single business segment namely ·supply /dlstrlbullon of electrictly"
                       The N,gam has Its distnbutlon net work in eleven operational circles named Slrsa.
                       H1sar Fatehabad, Bh~vani, Faridabad. Gurugram-1. Gurugram-11, Narnaul, Rewari.
                       Pa!,•,at end Jlnd which are Identical in respect or geographical. eccncmicat. political
                       and operations etc. The N,gam business, therefore. does not fall un~er different
                       business segments as defined under AS-17.               So segment repofl!ng is not given
                       here.

                                                                                  t    '            •
          1   ea       The Nfgam ho& neither received direct Information from vendors nor Nigam has
                       caned as such information from v01ndors regarding their status u~der the Micro,
      '
      I
                       Small and Medium Enterprises Development A-;t, 2006 and hence disclosure
                                                                                                    I
                       relating to amounts unpaid as at the year and together with interest pa1d/payable


                                                                                       , ·.
                                                                                                    I
                       under this Act es ,eql1ired by Schedule 111 of Companies Act, 2C13;have not been
                        ,
                       g,ven
                                                                                          I
                                                                                                                         /
          1 61         RELATED PARTIES DISCLOSURES:
                                                                                                I -:
                                                                                                j· •
                       (1) (a) Director's Romunoratlon:                                         I
                                                                                                '
                                                                               Current yoor        Previous year
                                                    Particulars               .'\mt In Lakhs       Amt In Lakhs
                         Basic eav                                                       48.20 1..-r         9.93
                         O.A                                                             10.27 ..           12.43
                         Ele,;v. All,                                                      0.11 ,.           0.06
                         Medical Allow                                                     0.10 ~            0.06
                                                                                                   ..        0.00
                         Pension. DCRG 8 Leave Encashmenl etc                              0.00
                         TA Bill
                         Medical Bills Reimbursement
                                                                                           0.17 D
                                                                                           0.08
                                                                                                             0.96
                                                                                                             003
                                                                                                             0.00
                                                                                                                          /
                         LTC                                                             22.60
                                                                                                            23.47
                         Total:                                                     .     81.S:t
                                                                                                               ·-
                       Information given In accordance vlith requlrcrrent of Accounting Standartl-18 In
                       related ~art!es disclo.ures Issued by the Institute of Cha~e;ed Accountants of India:


                        (1) (b) Key management personnel:

                                        Shatrujeel Singh Kapur, Chairman Cum            01-04-2017 10 31-03-2018
                           1.
                                        Manaclnc Director
                                        Sh. R.K.Batra Dlrector/Prolects/Oeeretlon       01-04-2017 IO 31-03-2016
                           2.
                                                                                        01-04-2017 to 31-03-2016
                           3.
                           4.
                                        Sh S. K.Cansal Dlrector/ProlecVO=ratlon
                                        CA Kaolf Kumar Merwaha CFO                      01-04-2011 10JT-"03-201a          /
                                        Sh. Hariinder Slnah, Con,oanv Secretarv         01-04-2017 IO 23-06-2017
                           5.
                           6.           Sh. Sourav Gunta ccrncenv Secrelarv             2s-o0-2011 to 31-03-2018

                        Tl1e above members of Board or Directors are availing tho transpon fecUlty ~ 400 ', /

                        KMs3~nst deposit of Rs.400/· P.M             IK.2    s~ry                         ·\   ·· :, )   j(
                                l •.•   '-r) ~    </;fl ~             ~                                 ();:A •
I
...
,
    .     lit   11' II~ I.!'
                                                                     r;io
~-·-
             Not11lng IS due from Managing Oirectur, Whvie Timc Directors               & Company Secretary
             as on 31 03 2018 relallng to loans and advances.                                                     /
              (2) (a) (I) Name of Related Party Haryana Vidyul Prasaran N1gam Ltd.
                          (ii) Relationship: Share holder having substantial Interest ol 16 30% share of
                                   Nlgam.
                          (Iii) Nature of Transaction· Use lines      and system for transport of electricity.
                          (iv) The HVPNL blllcd amounting to Rs. 90362 70 lakhs a;; wheeling charges                  /
                                   and SLDC charges during FY 2017-18.                                                       ·
                          {v) Amount outstanding as on 31-03-2018·-
                                                                                                    Amount in
                               Sr.          Particolars
                                                                                                    lakhs
                               No.
                                            Pavable/lReceivablel analnst transrnlsslcn charces        12194.45
                               a\
                                            Payable/(Receivable) other than transmission
                                                                                                     ( 1434.72)
                               b)                                                         1
                                            charnes
                                                                                                      62&25.00
                                   cl       Loan from HVPN

                          (vi) As per 2"' Transier scheme notified by Govl of 1-i.iryal'a on dated
            ·!            01-07-1999. HVPN:. ls liable for all payments ond other obllgat1ons in respect
                          01   all      psrscnnet related liabilities, whether statulory or under the terms      &
                          conditions of service and/or service rules and regulations applicable to the
                           personnel. but not limited to P1ov1dent Fund (mctudlng conrnbutlon of the
                                                                                                                         /
                           porsoMet and/or where applicable. any employer contribution). pension and

             .             other superannuation and/or terminal bener1ts, accrued for and/or onnbutable
             ~:            to lhe entire period of service of the personn=I with HVPNL and/or tt;e Board
            •:
                           prior to the effective dale.


                    (b) Name of Related Party, Haryana Power Generation Corporation Limited

            .l             (I) Relationship: fellow Generating Company
                           Payable to HPGCL other than power purchase· Rs. 458. 76 lakhs
                                                                                                                     /
                        (c) Name of Related Party: Uttar Haryana Bljh Vitran Nigarn Llmlled:
                            (i) Relationship: Fellow Distribution Company
                           (if) Amount outstanding: A sum of Rs                 18766.90 lakhs 1s payable to
                                        UHBVNL as on 31-03-2018.
                           (Iii)        Amount outstanding for Loans / Bonds on ale o: transfer of Jlnd Circle           /
                                        Rs. 105880.08 lakhs.                                                         I
                           (iv) Rs. 113i5.68 lekhs booked on ale of Interest on loan from UHBVN.
                                                                                                         v
                  (3)        filame or Rc!atcd Party. Govt of H.iryano



                          ®T';:'~"'"W
.....
j,      _                               ,
                                                               '7 I
       1 U2     ACCOUIHING FOR TAXES ON INCOME·

                The Nlgam has net created deferred tax assets in the books of accounts because of
                huge amount of losses earned forward, unabsorbed dcpreciaucn a~d un-certalnty 01

                future taxable income against which deferred lax assets can be realized This is In      /

                conformity with Accounting Standard-22 Issued by tCAI.               j
                                                                                 I   I
                                                                                     i
       1 o3     COST ACCOUNTING RECORDS & COST AUDIT.

                MIS Vandana Gcpla & Co. Panchkula was assigned the work of maintenance of
                cost accountfng records for FY 2016-17 by the CAO, DHBVNL. Hisar v:hlch have
                been completed and Jubmitted by !hem The said firm hes been a~signed the job of
                preparing the cost accounts for FY 2(117-18 and the work of cost-records ls unde r


                                                                                                        /
                process The work of cost zuditor for audlllng the eest accounting records for rY
                2011;-17 was assigned to of A.G. l\garwal & Associztes by the CAO, DHBVNL. Hlsar
                which have been ccmpiated and submitted by them. Toe said firm has been
                -ass,gned U1e Job of a11diling the cost accounting re«ird for FY 2017~18




       ' 64     The total of Share Ccp1tal, Reserve and Surpluses and <;:apital consumer
                contrlbunon & Grants works out to    Rs 794136.!:Pi Jakr.s 1:1 lnciudes Rs. 368295.39
                lakhs as gran: received from GnH under UDAYI (previc,us yeer Rs. 368295.39) lakhs
                 nnd the accumulated losses are Rs 1379039.04 lal<hs (prev!ous year Rs.                     /
                 1395173.81 lakhs) up to 31103/2018.



        1 65.    The Govt of tndla (Ministry or Power) notified Ujwal Dlscom_ Assurance YoJna
                 (UDAY) on <!0/11/2015 fer oporatlonat and financial turnaround of Slate P:>WtH
                 Distribution Utilities. The tripartite MOU amongst Gov:.. of India, G?vl or Harvana
                 and State DISCOMs (UHBVN & DHBVN) was signed at Ney, O'elt,1 on 1110312016.
                 The scheme aims at reducing debt burden of DlSCOMs. reduces cost of power &
                 reduces AT&C losses to the level of 15% In next 3 years by 2018·19.
                 Under the scheme, 75% of the loan liabilities of DISCOMs ou\slandlng as on 30"'
                 September, 2015, are to be taken over by the Stale Govt. In tv(o years i e. 50% in
                                                                                                            /
                 FY 2015-16 and bal:Jnce 25% in FY 2016-17 by issuing non sU{bonds and treating
                 the same as loan from State G0111. to Power Utilities The entire· loar, amount would
                  be convened Into cqulty & grant to Utilllles over a period ol SI.years starting from
                  :l015-16 to 2019-20@ 15% every year. First tranche c,f UDA'(, bond!: for both the
                  DISCOMs was Issued by the State Govl. on 31103/2016 al coupon rate of 8.21 %
                  for Rs. 17300 crores. The 2..s, 3'° & 4"' tranche of UDAY bo11ds for the bala,nce

                     ,: - \.f')   I   o.~
                                      p. /
                                             r..Y
                                             1/
                                                 /        ~v
                                                          ~
                                                                                         ,I       (J
                                                                                                            \
                                                                                                            l '
                                                                                                            '1

L. _
         IMjl'II~<                ~
                                                                                         'l'       I~   I
                                                     )2-.             '
                                                                                                                                            _/
                             amount of Rs. 8650 croros wero Issued frum 15/06/2016 to 410? /2016 through

                             Reserve     Baak of India at coupon rate ranging from 8.06% lo 8.18%. The weighted
                             averape rate o(interest for UDA Y bonds of Haryana Stale comes to 8 20% approx
                                                                                                                                                  J
\                                                                                                                                                 •
            1 66             The informaUon becoming the part for evaluation of el191blh\y parameters for claiming
                             Interest subsidy etc required by rundlng agencies viz RE.C/PFC etc
                                                                                                    . .                     I L kh
                                                                                                                           ·-"..;~s
                                                                                                           12665.65
                             Transmission Loss                                   - ..         -    y~ I-.-·~
                                                                                                    Units
                                                                                                             -- .. -~.::.~
                                                                                                                        227916.68
                             Enernv sold
                                                                                                    Rs.                1250414.59
                   :         Revenue from ocerauon / sale of enemv
                                                                                                    Rs .                 89598.86
                             Revenue from enernv traded / lnter State sales
                   .,
                   -'.
                    •
                             Opening debtors for sale of energy w/o deducting
                             nrovislon for doubtful debts or anv amount written off
                             Closing debtors for sale of energy w/o deducting provision
                                                                                                    Rs.

                                                                                                    Rs.
                                                                                                          1
                                                                                                                        704649.23

                                                                                                                        733270.49
                                                                                                                                             /
                             for. doubtful debts or ans amount wriUen off
                                                                                                    Rs                 1677821.38
                   ·         T~af i:::"""nditure lnctudlno exceotlonal items
                                                                                                    Rs.                  46887.43
                             Non-Tariff I Other Income                                                                  304332.C.'5
                                                                                                    Rs.
                             Subsldv received                                                                           304332.05
                             Subsldv Booked I Bulll 111 the Revenue                                 Rs.
                                                                                                     Rs                  77937.31
                             Sundry debtors for energy traded & Inter Stale sale of
                              nl>W(lr                                                              L-
                                                                                                     Units
                                                                                                          --      I-
                                                                                                                        1f-&~~
                              Encrnv Purchased                                                                             2__3057.42
                       .      Enerav Traded/ lnter State sales/Net\
                                                                                                     t,Jr.!ls

            -The status or secured & unsecured loans as on 31-03-2018 are detailed hereunder
                                                                                                                       Amount In Rs

                                                                     31.03.2018                               31.03.2017
                                 Particulars
                                                                                                              I

                                 Secured
                                                                           89,23, 18.446                          1,28,05.18,679
                                 Commercial Banks for
                         '       Electrification Schemes
                                 Punjab Sil\d  7 aank ol      ao.23. ,a..140   I                  ,.,3.03.32)157 ·,so,.ao.Th•

                         '
                                 Bank             Ralasthan
                                                                                                              --                        -
                         • Workina Caoital Loans:-
                         .
                         i       Bonds from Various Banks IFRPl
                              ; Cash Credit Limits from Banks
                                                                                        1 62.86 00.000                 1 62.86,00.000

                                                                                                              903,238.348
                                                                                                                                                 /
                                                                                          .(g,20,09,907
                                 Vllaya Bank Hlsar                                                                r197 524'
                                                                                              17.57.416
                                 Indian Bank. Hlsar                                                          1808  643,9TT1
                                                                                             (39.53 634
                              : Oriental Bank or Comrnerce Pa1ochkulo                      (8.28 82,702        r90 078 089'
                             '1 Allahabad Bank Hlsar                                       44.48 11 ·189
                                 Andhra Bank                                                                 1.420.374 417
                                                                                           (5.73,64. 164\
                                 Canara Bank Hiser                                                          4_33_39  11 854
                                                                                         2,72 87.61.812
                                 Total Secured Loans from Bnnks !al                                            82.46.46.642
                                                                                            58.93.45.642 I
                                  PFC under R-APDRP                                                        16,43.28.19.123
                                                                                        17.33.27 63 933
                                  REC for caoltal works                                                                 0,00
                                  PFC STL
                                                                                         1~ 00,§3,?B~~ -
                                                                                                    0.00
                                                                                                                       -           Koo
                                  PFC for Worltlnci Cao ital                                                           17,25,74.64.765
                                                                                        18.92.84.118..274
                                  Total Secured Lonns from Otherslbl                                                   21 59 12 76.619
                               l Total Secured Loan tc=a+bl                             21.65. 72. 50 086


                             l    Unsecured
                                  From Others
                                                                                                                                                 '.
                   , .i           W~d~~ ~ro;~ct           : ~            \K' .                                                                    .,
    ·         l'ljl'-tq;c'                 _y ~ iJ:,Q_ ~                  ~

    L..   --  I -- ·-
            ·_;_                                                    />
                                               -                       -
                                                                       1~,if ~986 . __2f.14,i    ~.1f s
             ~f Pro!octs                                          -
              PMGY Prolecls                                      •I--
                                                                        ~e~9,1q1            57,0~,64~
                                                                                  0    __ l,~6, 11.sqp_
              P!'r. f'>f C<?!!ilal l"Or'<S
              State Govt Loans Under UDAY                                    eo,e2f
                                                                    39.02,oa:-      •.~?09.!l1     ,800
              NCR Plannlna Board
                                                                                                 I                                 0
              REC aoainst RGGVY Scheme!                                       4)1,     12
                                                                                      1!i0            -- 5.18                 75030
              loan from HVPNL                                              6,26,25,00,000        ~,.~-~5.00,000
              Total Unsecured Loans from Others Id\                    47,44 68 13.930                        66556258293
                                                                       10,58,80,08,246   14,53,62.11.369
              loans rocolved from UHBVN !el
                                                                        _79395Jit6~_o_ _10~~!,37,4~,281
              Total lc+d+ol
             The       above   figures   are   In      consolidation       of   amount       appearing                   in     Nute-5
             (Rs.53, 11.71,98.110},      Notc-0 (Rs.20,78,43,366),               Note       10 (Rs 26.36. 70,30.778)
             current maturilies of long term debt and excluding foreign exchange fluctuation
             (Rs.29.6;.,99.442) fool note-5.3


     t 67.    As required by Accounting Standard 20 on Earning per Share Issued by the Institute
               of Chartered Accountants of India (ICAl), basic earnings pqr share has been
               calculated by dividing Not Profit after Tax by the welghte,j average num\,er or 1:quJty
               shares outstanding during the year as per details g,ven below •
                                                          .                                Curront                       Provlous
                                         Particulars
                                                                                        F.Y. 2017-18                   F.Y. :.!016-17
                                                                                                                             1196,22
                Profit'l-l Loss as ""r Prom Loss Nee                                   - ·----·-· -~
                                                                                             13411.55
                                                                                           262,46.686                     187.91,S74
                Weighted average number of shares used in
                comoullno basic eamlno eer eauitv share                                                   '
                Basic eamlrgs per share (Rs., (on nominal value of
                                                                                                     51   ~o                         6.37

                Rs. 100_D/- per share)                                                                                         16791674
                                                                                             26246688
                Weighted average number of shares used In
                comoulino diluted earnina ~    au,tv share                                                                       ---"637
                                                                                                     5;;10
                    ied earning per share (Rs.) (on nominal value
                Di11..
                of Rs. 1000/· eer share)




     1.68.      a). Additional information pursuant to part-II or schedule Ill ol com~any A.;t, 2013.
                                                                                    l. Previous ~ear
                Particular.;                                   Current·vear
                                                                              In  Amount  In Unit    In
                                                          Amount in U,ill
                                                                        Lakhs     Lakhs       Lakhs
                                                          Lakhs
                                                           1421560.03  317658.15 1300135.03 289080,32
                Total    quantum       of           power
                ourchased ourinn the vear                                                                                           10657,05
                                                                          12665.90
                Less: Trannmission losses                                                                                           22792.16
                                                                          23057.42
                Less: Inter-state sale of cower                                                                                    255631.11
                Total unlls of power available In             1421560.03 281934.83 ~300135,03
                DHBVN
                Total quantum of power sold
                durlnn the vear lexcludlng_FSA) _
                                                              ____                        '
                                                              1157092.91 227916.68 94518~.08
                                                                                ..
                                                                                                          I    -7-
                                                                                                                         ;
                                                                                                                                   198119.16

                                                                                                                                      5751.l.95.
                                                                                                                             -- - .. -~ow
                T&D loss In units                                          -         :Rf-018,15 ---:
                                                                                         19.16%    •
                                                                                                               .       ..;
                                                                                                                         !
                %ace losses
                                                                                                               7·                , C···   v -,
                                                                                                                                   , ; n:r, ~-


      10 i 11 n II a
                       (o/        l~           ~                KJ
                                                                -
                                                                                                                   •             1    • ,..,m
                                                                                                                                              '

-,
                      b) Distribution losses of 8.40% In respect of open access unit wheeled through
                         DHBVN's distribution system (33KV and below) has been rccognl1ed In the
                         Accounts as unit sold (amount and unit b1lledJ.l he net impact of above
                         arrar.ge:nenl Is th2I the dlstributton loss nf 8.40% !of open access unit) Is shown
                         as unit solq by DHBVN along wilh the revenue In the shape of wheeling charges
                         received .PY DHBVN. In calculation of distribution lasses and AT&C loss for the
           . i
                         FY 2011-18. 201.24 lakhs units (2395,81 lakhs units wheeled on 33KV Mr!
                         bclOYI'@ BAO%) has been added In unit sold anu Rs. 1427.33 lakhs received as
                          lncome.
                 •.
                            /.

                                          For and on behalf of the Board al Directors


      -t
           FOR P. Chopra & Co.
           Chartorod Accountants
                                               w
                                             (R.K Batrn)
                                             Dlrector/P•o)cct~/Opo111l10n
                                                                            (SHA TR
                                                                            Chairman -cum Managing Director

                                              DIN: 0716759:1                DIN: 07631220
           F.R ~o.: OO#l57N ,


                                                                               ~l-Il.L
                                                                            (CA Ki--PIL K. lll'ARWAHA)
                                                                            Chlo! F1nanclol Of!lcor


                                                                                             '
           Place:
                             '
                         f-ll.lAlt
                                     --                                     (SO ~
                                                                                   c:/W""'L-,,
                                                                                 RABH GUPTA)
           Oatad:        a&J•S) :Z.•1&                                       Company Socrotary




j




L__
            DAK 5lt!N UI IIYAIIA                   euu VllRAN NIOA/d LI/.IITEO T                      I


            IIOTES TO TIIE rt/lAIICIAL STATEI.IEl<TS AS Al & FOR rue YEAR EllDEO IMRClt 31, 7011
           ~2T!i !12, ·%
           SHARE CAPITA•
            Account                                                            Mal 311\ Much.             Al. al lhl lobrch.
                      P1uOct1lara

             CO<le
                      - --                                                          2018
                                                                                   AmOunl In u•h•
                                                                                                                2017
                                                                                                            Amounl In Lalh.J
       .
                       1l Aulhotfted
                      15000000o ~ yu1 500000G0> Equi!y
                      Snarud.                                                         1 50000000                  50000000               /
                           100(),. e,tt,I\


             5-: 5"2 blluu.,.
                     2683" 107 (Pto·,l;)us yoar-25'143257) Eq\,!Ty
                     SNltts ol                                                         268 3"1 07                25"'"32.67
                     ' 10()1]1. •• th                                                                                                ,
                       cl Sub,crlbed and aald un
                      :!GM< 107(J',.,..,.c ro11-254•32S7) Eq""Y
                      Sn.a,os c,                                                       2118.341 07                254432~7
                      · 1000,. u:h                                                                                                   I
                                                                                                                            -
                                                            T01AL                       2M.l41.07                 254,01.57
                                                                                                                                                               I

       RECONCILIATION OF THE NuMBEft.nF S1tAi3E§ AIIQ AMOUNT OUTSJANQINQ AT THE ENQ
       9L~                                                                                                          .                          .
                       G0      •n-o                                                      AJ. at31at M.J,,.h.2011
                                                                                                                        •                    Mat l11l M,m:h. 2017
                                                                                       NoolEqulTy
                                                                                           Sharta                Amount In"      No ol E•ullv ShorOI                     Amautt ln ·
                     ()per ng Daton<e of luue. S.b1cr.otd & Pad up
                     eo..,,siw.c-····                                                   l! 443 257                254432!57                        14-3 577               , ..1 215n

                     Aad lswod Subscnl>od & Paid.., E•ui:v Share
                     C3.0.11t ..._~,_ N -a, ended 201S..t9                                  USO&SO                 13908 SO
                                                                                                                                               .          ..
                     ~- Suo>cnbed & Pa,d LOE--:· S......,
                                                                                                                                               .
                     C.~lll dUJi"'"" the 1.011, ondea               -,.-,7                                                                             10.71116SO         107 195 BO

                     C1ostng 01t.nc• of lnuad.
                     .._    ..... -     1
                                   ... L-
                                               !uMc.~ & PakS u;,
                                            .. -   ___ ..                               2& 114.107                218~107                          2S,.. l,2S7            1.si1.,32.S7


       tlolt 71 Tho Pll.d up Snare Copit11 induc:e:s <4372735 No Equity SNtH ot' lOOOI• o.1c--i 11.suod to HVPH.L al'ld 22<461366 No e.-11 Sh.1r01
       (pnt,,ousyeot 21070Sl6 ,,. shoret) of 1-· UCII b..:K 10S1.1,o Go'4                      ..+.Id,...,..,..
                                                                                               G Equ,Ty                     Sn••••
                                                                                                                luuod 10 aubOCl>bert lOIM
       ,_,._,,
       J.lo...,...nd"'" ot Au.,,..tion Out of 1ho 1h11e1 luued 10 HVPIIL. 4372725 No _,,,. ·.--. ls>-4'! ., punuont lo• con:raCI wtl>OU1 01ymett bein;


                                       .
       BO.OW All£ n1E SA.MES OFTIIESIIA.REllOLOl!JtS 1101.DlNC MDRETIIAN 4'14 Of SHARES
       E•ultvSh1re of Rs.1000/· Heh rulivo1ld                          I
                                                                                        .                                                                        I                        I

                                                                 Aloi 31.03.~18                                                                         As 1131.03 ~17
                                                                                                                                         I
                                                                                                                                         ,•.       I

                                                                                                          '14 of Sh110 Holdlng No, ol Sh~tt Holding                  % of Shu,
                                                                               No. of Sh.1ro
           S, No                                            NllmO              Holdlno
                                                                                                                                                   •                 Boldlnn

                                                                                                                        8369                           21 071) 518               112.BO
                   t Government 011..1----·anc,                                         2H61.36G
                                                                                                                                                        4 37Z 735                17 19
                   2 H.,nt1,na Vr-A-• Pru.aran HAam Lm,ted                               , 372.735                      10 30
                                                                                                                                                       25,'4).251                09.09
                                                                                                                        99.99
                                            Total                                       26.13-1,101
                                                                                                                                                                          -



,
,."~
I
·-     --------
                                                                                                                                              -·
                                                                                                                                              ..
I
        DN(SflH N..u1YAH.A Ai ri I VUR4H     I              I                  -1
                                                                                                                                         ·-
        !101EI 10 THEflNANCIAl lrATEMEKTS AolAT,. FOR 1'lE YCAR E!,"JCO :.&AACK J1 201i
        NO        lHO.J I
        AESEIIYES AJIO SUIIPUJ.1
                                                                                                        .                  -                       -
                                                                                                  "' 11 ~, il"ttiicli7'" n.si1.ii11,1m1o:


I
         A.«ou.nt
                     f'artk1o1tara                                                                                             2017
          Codo                                         .                                                  lOU
                                                                                                   /1.m..u.11 L, L:i.'a, "1no~!!'I I-. ~~hi
                         ~~l,M-•rw•

                              NICCJwd .....,.
                                A.\
                                                  lf'ldi
                                         tuorwe I .S.,V,C.      1nC OONl<aAatl
                                                                   l
                                                             &IMtme flb
                                                                          ac:l. 1_9UI
                                                                                                            1110'1111
                                                                                                                                          -
                                                                                                                                   ,. ... ~
    '   SJ,hv to
         SS.150                 Add AddiioN-- OWt ·-M                                                        1,.2n os                  ll 7lt"
                                                                                                            102,Jtl.71             171 §7! 11
                              Jct11r..-o.1Rn,tnie                                                           20· l.71               111021,n
                                l.Hi, Dc-pftoation pertl1ninO 10 a.,Mu auw
             .SH

                                ·-   -
                                tOfflC.W-C«<t..-.                                                            G,1 _Ql.t 18              67 420M




                                                  _
                                                                                                            "' lit.DO              USMU.07



         _,'
             ,''......        Othe1RH•rw-ts

                                 ...
                              G,.,,.  liembitt Pa.rllatM nl
                                      tnl lnat-calua-
                                     ..........
                                     """'
                                                       .-r...-.u
                                             ·-..i;-..ENye.ar
                                                                                                              2,1     .
                                                                                                                    ll 80
                                                                                                                                       ,Ola,,
                                                                                                                                          ""
                                                                                                                                        2.,10l41
    '
                                                                                                               2.13$20
             ls.JOO           Ont1~     1ft"IGV'Y acMme.
         -   ,                    ,u -'8,11 lnlnoaJ w~
                                                                      ,..,                                     6.56060                  G--"10
                                                                                                                                               ,

                                     00-0.-.                                                                   e ..01 57                6.560.60
             .U--l11          Gnot undiet IIJDS SU...me..                                                      2,,s•oo                  1 87• 00
                              g,,.,...,._Q,Olt .,.._..,..,._.....,...,....,__.,, .. DIIWII
             .5-J.ltO
                                                                  .
                                      ..-.._.u11....,.a.-.. .. o-uct.....,.
                                     As~11v----~
                                     Add AdcMions aunng sno \'I.It
                                                                                                                    17 ,q                     u,,
                                     Oosn,o.tMa,
                                     _,..,..mc:<at01o/1IA.U<III"-'
                                                                                                                    !l..,.                    "~
             ,uoo                     -llSIINndalSt>-.                                                                                        Ht9
                                      .,,.......,GOH.,_.. _. .,....._                                               1109

                                      c;,...in 8asll v~--                                                      =oo                      I ')50 00
             =ot
                                      """'!rem IJ'a> (Al per lnl -I                                                            I


                                      -· lo,_
             UJOI                     SLt~lb                                                                   UOlel                    ~ .QCd     13
                                      Gtanl tlo,r: P,AOY (M ~ \hi ~I
             SS-lM                                                                                                  •SJ7                      M'1
                                               lrom KlAf -/JOU"" Pl' lat\ ..__.
             U.J~                     aw_,,
                                      Vf9"1
                                                                                                                  :M.511                  US11
                                      ,,_ •- GO•'OOli                                        of
                                      o.-sy,-~, po<!>l<-
                                      su_,                                                                          2·· 20                2111 :IO
             ls.JO I
                                      ..,.....,_                 l,"-'pe< lnl wndl l
                                      suw..,.__.\                                                               _. 37143
         •SU'2

             ill11
        t ....
                                      ..._,,               (Al"' i.Hl ma.no.t
                                                                            J
                                                                                                                      e ee                     O"'

             (l!JC•Pt
             IJ.lOf l                 ............
                                      Tot.Mo,..nw          tff.tlv•d 1owanh t"a•I    ot
                                                                                                               241ft lO                 If Oct I\




                                                                                                              -
                               I .inc OCprec:i.1-:IOtl pot\ilW'IQ 10 HMb
             SS.600            OUltd trom GI.NU                                                                 ae,e12                   , sneo
                                                                                                                                        1 I C70,t2
                               TOI.al 01,tt,ef Ru eNn
                                                                                                               1' '"'·"'
                                                                                                                    s~                 -JQSlO
                               f"U'lloMlr'Cl,nao-.t ct       an.a uncltt U04y
             6S.lOI
                                                  _,,.,.

                                         -
             SUI<,        b ConU                                                                                                         ,.121.,,
                               M _.. last~ IIIJlfflWU
                               J.44. AddrtlOM/1 RtCJCt,on     ' «f-             .......                         ., 721.ll
                                                                                                                12-n1.21
                                                                                                                       .
                                                                                                                                                   .
                                      .
                                                                                                                                         l rll.JI
                          C    !la
                                                                          ...
                                                                           Jt &. Lou
                                               ncn11ft Stat.lmitnl of P,ol""
                                                                                                            u »s 1na1
                                                                                                                                   '
                                                                                                                               11.l1DJ)61 03



                                                                             ·-
                                              lUI f!Ni,d.at llJ;•



                                      --
                                      Adel. Profilo'11Uliu, traM '9d .,_ UHOV!<

                                      Md: PfoftV(LoH) trlfltJtffld from rrOM A
                                      lou ac:o:)i,11"111
                                                  ,a_
                                                                                                                 2113 ,,

                                                                                                                1)1UI~
                                                                                                            II )71 Dll 1),1
                                                                                                              IISl l4l 17
                                                                                                                                        "' 309

                                                                                                                                          I IM12
                                                                                                                                   ,,.n~,u 11
                                                                                                                                       ,w.oa-1.12
                               l'ot.11

                               Tht Comc>Mr/ N:t not~t4 m, co,•19t11q ,_14f\,o Olh'a; N Wf*"II (N,ld,~ 'Jt11
                               Bowt'Yff an a,nounl c.f Rs. 272l,21 LaU"· If'\) 1,l'ld¢f conlingenc,- ttta"'-C II 'MC14f'I off 0-~"ini,
        t!iSla ti~ ~1!
                               FV20tl·18
                                                  --                                                                           -
        1.,.,- .,_ 'I,         A um oC'     ee,.e
                                        12 t.aV\t UW•Ykkl• 't•u 7012..52. Ulltl) 10..,-,,C:1 ~to-1,lion Of' <OM\lfttl
                              I~ l\&U1c.-n ttNltO U"CW CiH 77.1&0 (IUO tclor to N.Xe 16,,
                               AtUl'l'I or· ,os CM lt\ht (p,o'M'Ut YHl • 121,02 U~) IQWffll 10.p(*OJtaonCC1 ., ... uoutf
        li ~11 ~I: ~ '         .-:tNh61polQ111'1h.a1b60tHc,~,                                 ... tU1.1S0(1~ ortttoUOkli'OI                            , ,
                                                                                                                                                       I         I

                     en                    ~
                                                  ~
                                                              01/                ~
                                                                                                                                                             •
                                                                                                                                                             •
                                                                                ?')
              DAKSHIN HARYAN/1 BIJLI VITRJIN Nii.AM LIMITED
              NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCIi 31, 2018
              NOTEllo.-4
              Sl!ARE l\PPUCATION MONEY P~~ALLOTMENT
               Account                                               As ,t J l•l MMC!l, A" a•~ IH March.
                         Partlcul~I'$                                       2018              2017
                 Codo                                                 Amount In Lakhs Amount In Lakhs
                  54 501 Sharo Appllca1lon Money Ponding Allotmont
                            As per last finoncilll stalemenis            .    10.4•11 50                   53,27865
                            App!lcalfon received during mo yeor              ~~1.519 35                    64.35965
                            Shore Issued dunng lho year                       13.908 50                    107 196 80
                            Closing Balance                                  238,052 35                     10,441 50



                 3)
                        ToUI


                            i~~                           ~s
                                                           -
                                                                             238,052.35

                                                                                           I '
                                                                                               '\.
                                                                                                   ·'-·
                                                                                                    (A
                                                                                                 -( r,t.
                                                                                           1 .• \to-?
                                                                                                    .,'
                                                                                                            10,441.50



                                                                                                              ,   •
                                                                                           '   ;:~~ ~ ,
                                                                                           l~o/




...._   ---
             01\KSHIN HAR YANA BIJLI VITRAN NIGAM LIMITED                                                                                     .
             NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR TltE YEAR ENDED MARCH                               3:, 2018
             NOTE No.• 5                                                                                                             --
              ONG1FRMAORROWJNGS
              AccountCodo
                                 ....       Particulars        tu at 31st March, 201:I                          tu •t l ISi   March. 2017

                                                                                          Amount In La~hs               Amounl In LakM
                                 Seeu red
                                  From Banks
                                 Commcrcinl Banks tor Elect11rica11on •
             53510&53511
                               n Schemes                                                           6.542 33                         10,107 SIS
             52 1 M & 52 115     Bond s from Various Banks (FRPJ                                          .                         16.28600
                                 Tol~I Socurod LoanG from Banks                                     6,542.33                        26,393.66
                                  From Olhers
             53.306 &53,308      PFC under R-APORP                                                 5,893 46                       8,246.46
             53 300 & 53.301 '   REC ID< caollal worlcs                                          173,327.64                     148.362 82
                                 Tollll Socurod Loans from Othors                                179.221.10                     158,609.28
         •                       UnlOCUNd
                                  From Olhcrs
             53 100, 53 101 &
             46237               loan from GOH (funded by WOlld bank J                             19,328 51                         18.156 18
             54 212 & 54 213     APDRPP1~ls                                                         1.423.28                          1,768 7U
             63 516 & ~3 517     PMG't Prolli<.ts                                                      39 32                             48 21
             53,553 5 53.554     Loon from UHBVN                                                  66,398 04                         105.878 11
             53 555 & 53.558     Si.i. Govt. Loalll Liuclor UOAY                                 195.103.30                         390.205 92
             53 55~ d..53 652    REC agninsl RGGVY Scheme                                            491 12                             51875
             53,307 & 53 308     Loan from tNPNL                                                  62,625 00                          62.625.00
             53.549              PFC for Worklna Caoilal                                                  .
                                 Total Un1ocu1od Loano from 01hors                               345,408.57                         579,200.87
                             I   Tolal                                                           531,171.99                         762,203.81


             Nr.to 5., •· lc>Mfrom commerclal lww f.x alecln/Jcatlon &cheme111 ngalnat Ille 1ocu111i o!T&O uants of ,M !:f!aom.
             Noto 5 2 ,. L~ /,om HVPNL was obtalnod as per declalon or G0\/1 ol Hnryona "'as to lldJUl-1 of amount p1y;ble by

     I
     •
             OHB\IN to ltP.GCL & HVPNL. agnlnI1 powe r p<1rcllue a uon.mlulort di.tr~• respeellv oly. Sudl 1rnou n1 woo rolM!d by
             HVPNL l>f 1UW19 b.>tlds-201?. &erios-1 & ll(Pan,1&11) dcrlllg FY 2012· 13. Hlll'NL Bond• 2013 SCIICl•l(Pan I 6 II) In FY10l3 1,
             ano Hlr.'NL Bonda 2014-15 Sorlo1-l ,n FY 20H-15<oU,er than cuhl
             Not.D: 5 3:• Lonn fro/Tl GOH (l\ln<ted by-10 bank) ol GH-44 Z37 lndudes Rs 2002.911 uakha flflCIIJcOJ11g Ra 333-t,65 La~• lo,
                 · ; ••;Ji   on occoon t ol for......, oxd\3 no nuetoI111ion
             Noto: 5 4 Loan  :,om   stale'""" under UOAY 1chcm,. os -, Tn,oaMo MOU Oated 11 03.2016
             NotoS.5 Loon from UHB\IN Is on account of trnna/Qt of 8"elS and ht,bilhoa of OP c!rcl4 Jind f,om UHBVN to OHBVN            o,   IJ(t
             SUlte Gcr,t NO!o(.'.ldlon

                                                        . /
             CT)             l   %>v 0                    ::)
                                                           -
                                                                                                                I             c..

                                                                                                                    \   .
                                                                                                                        -~.
.J
q
                                           ,
                                                                                                ·-.
                                                                                       ·--------.               -

     DAKSHIN HARYANA BIJLI VITRAN NIGAM LIMITED                                                         ..
    NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31, 2018
    NOTE No. -6
    OTflER LONG TERM LI        ABILITIES
      Account                                                    As at 31st March,    As at 31st Maren,
                                        Particulars                     2018                 2017
       Code  -.......
                                                                Amount in Lakhs      Amount  In Lakhs
    461,462
    except            Deposits and retention from supphors ond
    46.237            contractors                                         34.512 S'9            30 800.05
    48 1              Security deposits from censumers-tntere-a
                      bearlno                                            130 444 64
                                                                                                 .
                                                                                               11471697
    47
                   De-sits for eleclrifttation/ service connection             15,946.56                11 599.97
                                                                                         '
                   Total                                                      180,903.79               157,116.99

    Noto 6.1 :- Amount of Secunty Deposit sh°'    against GH-48 1 Includes interest bearil)g m ter, s.icurity
    de sit from consu.ners.                                                                    ;~c




r
      ~1
     .,
     •<
           DAK$HIN HARYANA BIJLI VITRAN NIGAM LIMITED
           NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MA~CH 31, 2018
                                                                                                    _:\
           NOTE No, -7
           Lonn Torm Provisions
           Account                                         A! at 31st ~arch, As ?t 31sl March,
                                    Particulars                   2010              2017
            Code                                           Ail'ount In Lakhs Amount In L11khs
                      Total                   I                           .                        .
               Cf)         t   ~o..y-~                                           I
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      DAl<SHIN HARYANA BIJLI VITRAN NIGAM LIMITED
      NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31,
      20~8
      NOTE No. -8
                                                          ---
      SHORT·TERM BORROWINGS
       Account                                             As at 31st March,       As iii 3~ st March,
                                  Particulars                     2018                     2017
        Code                                                 Amount in Lakhs        Amount in Lakhs
                        Secured
     50.1             Cash Credit Limits
                      from Banks
                      Vljaya Bank, Hisar              '                (920.~0)              9,032.38
                      Indian Bank, Hisar                                 (7 57)                 (1 98)
                      Oriental Bank of Commerce.
                      Panchkula                                          (39.54)            (8,086.44)
                      Allahabad Bank. Hi:;ar                           (828.83)               (900.78)
                      Andhra Bank                                     4,448.11                           .
                      Canara Bank, Hisar                               (57::.64)            14,203.75
                      Total Secured Cash Credit Limits
                      from Banks                                      2,078.43              14,246.93
                      Total                                           2,078.43              14,246.93


     Note &.1 :- Cash Credit l.imlt from the Ccmmerclal Banks are secured against hypothecation of
     Book Debts/Receivables of the Ni9am.                                                    -

                                                                                             :1 ) .:
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                                                                  •




••
    DAKSHIN HARYANA BIJLI VITRAN NIGAM LIMITED
                                                                - -                   -           -
                                                                                                        -
    NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31,
    2016
    NOTE Nc,. -:>
    TRADE PAYABLES
                                                                    -
     Account Coda                                           As at 31st March,       As al 31st March,
                                     Particulars                  2018          I         2017
                                                           Amvunt In Lakhs      Amounl In Lakhs
    41 1, 41 2& 41 3 (8) llabillly for purchase o! pawer
    (exeeet 41.1561 .HPGCL &Olhersl                                216.357 10              254.003 65
                            -
                      Transmission cf
    41,156            PowerlHVPNL)                                  12,194 45                16,367.94'
                 -
                        TOlill   I                                 228,651.55              247,635.71

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     OAKSHIN HARYANA OIJLI VITRAN N1GAM Lll'IIITEO
     NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENOEO MARCH 31, 2018
     NOTE No, -10
     OTIICR CUR:':ENT l.JJ.811.IT!ES
     Account Codes                                         As a1 J1s1 ,.,~rcn, AS a~ ... 1.it r,1:rcn.

                                     Partlculars                  2018                 2017
                                                             Amounl ,r. Lokhs    Amount        In Laklls
                    a Current maturities of fono term deb!

          5124)        b Cu1Ton1 'l\8lun1ies of long Term Boml•,•Ang             263,670 :; 1                        253.721 38
                          ln1orcs1 accrued but not due on
           46.7        .: borrowings                                               9,899 49                            9.('97 62
                        I Othor payable                                                                                       .
      42.110 42.J         ~.ablltty for Capita
                                             l sup                                                                     9.73199
     GH 43 (eiraipl
                                                      OlkS                        12,800 26
                                                                                                I          .
                           Uab,ioty for O&M supplies/Works                                                             1,17173
'
I
           43 4}                                                                    1.456 91

    44 1 10 44.4
    ( Except 44 370
    & 44.380)              Staff r,:lalod l.labilities and provisions              9,380 83                            S.62502
         51.209            1n1eros1 duo en Slaff securi   tv                           0.116                               0 39
          48.2             Clec1rici:V Duty Psyablo to Govt.                       7,652.12                            8,25244
           46.4            Uabllllv 101 ezpenses                                   2,090 21                            1.598 31
          ,.a 501          Municipal Tl,.    payable                              18,608 00                           12,972 ~7
                           Amount payable to Govt on accoum or
                           compounding or offence In case theft ol
          46.502           olecy.                                                   5,654.14                           4.479 25
                           Other 1.Jab1litles ond provision (except
           46.9            46.903, 994 & 99:iJ                                     11.991.42                          11,043.63
    >--
                           Payable to HPGCL(Otho, than Power
    <6 9iM& 26 876         Purchase)                                                  41;9 76                            458 76
    48.995,28.877 .2       Payable to Ul18VNL(Other than Power
      8 103&43 4           Purchase}                                               ie.zes.so                          37.261 89
                           Inter Unfts Acc4.Jnts. ful'lds Tronsfer from   ., ,
           34              Head omco                                                1.696 70                                876 76
          .31              IUT- Mater.a: Accounts                                         .                                   0.26
     57 131·57 132
       & 28 784            Payab~ to Peos,on Trusl (HVPNL)                         42,830 05                           44.804.'o
     57141,142&
         28 785            Payable to Pension Trust (DH3VNL)                       6.392.55                I           7,096.t4
                           TotJI Othor DOV0ble                                   137,777.81                          14S,27-1.lO
                           Total                                                 411,347.61                          408,693.20


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    I
        DAKSHIN HARYANA BIJLI VITRAN NIGAM LIMITED
I       NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED

I       MARCH 31, 2018
        NOTE No. -1t                                                                      ,,
        SHORT TERM PROVISIONS
        Account                                As at 31st March, As at 31st March,
                    ,.      Particulars               2018                   2017
                      ,.
         Codes                                    Amount in Lakhs       Amount in Lakhs   I
                                                                                          l
                       Total             .                    -                    -      '
                                                                                          I
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           CD              l <l1/~
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                 DAKSHIN HARYANA BIJU VITP.AN NIGAM LIMITED
                 NOTES TO Tl:fE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31,
                 2018
                 NOTE No. -121bl          I
                 INTANr.lBLE'ASSETS       I
                                              i                    .

                                                                                                                                 I
                   Account                              As at 31st March, As al 31st March,

                    Codes I
                            ~             .
                                       Particulars      2018              2017
                                                        Amount In ukh•    Amount   In ukhl
                                                                                            .                             -
                 NOTE No. -1-21el
                 CAPITAL WORK IN PROGRESS
                   Account;·                                                 As 11 31sl March,
                                                                                                      '
                                                                                                    As al 31st March,
                              '          Particulars                                2018                   2017
                    Codes ·                                        .           A.
                                                                                -nount ln ukhs        Amount In Lakhs            .
                      14 : C8nil"' Work in P'"""'SS                                  129.063 7'4             113.738 13          l
                      .-   •I'        .
                                   Tobll    I                                        129,063.74              113,738.13

                 Wor1dn11 Noto on Capital Worl<-ln.Pronren:
                                          I l               T                     2017-18                     2016-17
                  Althe.            of t.
                                        'le vear                                     113.738.13                    98 960.8-4
                  Adclednuill:\O the Year                                                                           52.568,37
        .I        Tolal IAI:
                    leM! TranafBr to Flxed Assets
                                                 J
                                                                                      68,312.06
                                                                                     182.050.19                    151,629.21

                  I. llticl                                                                  .                            .
                  2.         ,~ and Civil Structvtcs                                   3 786.71                      1.809.19
                                                                                                                    47.097.44
        j                                   -T&D                                      61.439.29           '
        r
                  3. Planla& M
                                                                                         192.00                        322.2 5
                 5   "· .    Vehk:le:.
                            Furniture & F'IXt.Jte          (ln:11.mgOf!ice
                                                                                                                        86.93
                 E                    ts\                                                 !.)2.38
                  Total Tranafomtd to Axed Assets (81:                                65,510.38                     49,315.81

        1         Net e,1,nee IC•A-81:
                 Add'. ln~t & Guarantee c~ Cal*-~
                                                                                     116,539.81                    102,213.40

                                                                                                                    11.950 II
                        !lie YeM                                                       12.895.59
                 Addi(Less): Exchange Flurtua llon Fund
                              iied                                                      1371.66'                  1425.38
                     Cklalna at the voar end
                       ,. :
                                                            I
                                                                   . ~~
                                                                                     129,063.74
                                                                                                    ,,...,
                                                                                                     • ,..:OM_ 113,738.13
                                                                                                              (;

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                '
             OAKSHIN HARYANA BIJU VITRAN NIGAM LIMITED                 ,
             NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31, 2018
             unre--= - 3 4
                                                                                                                           I
             LONG TERM LOANS AND ADVANCES
               Account                                                                           I #'\a   •1.   ..ii   t :n M'a??l t,                    -- 9\.., ....

                                                                                                                  2018                               March, 2017
               Code,
                              -                            Particulars
                                                                                                   Amount In Lakl)s Amount In Lakhs
                                  Soc"•Ad Consldored ~ood                                                                                       f.                       .
                     27.101                1cfono Advan.:(:
                                   House Bu,                                                                            1,943.'32                              2,513.50
         L           27.102        Scooter Advance                                                                        131,9;            !                    1TT.87
                     27 103        CorAdsance                                                                              184.30                                202.14
     -
             27.104, 107,     -
                                  Un--cu•od Considered Good
                                  t-   ,.   I
                                                      -
                                                                         .__   ____                        -                   _ _L
                                                                                                                                            '
                                                                                                                                            I
                                                                                                                                                     -
                                                                                                                                                                         .
                 108&109          Cycle. Marriage & Computer Advance
                                  Caoftal Advances·- s-u-d Considered nood
                                                                                                                       1.028.08
                                                                                                                                            -                 1,255.18
                                                                                                                                                                         .
                25.1
                25.5
                                   'al Interest l>oarinn
                                   bl lntcrost froe
                                                                                                                           .
                                                                                                                           •
                                                                                                                       10.274.48
                                                                                                                                    -'                        10,488.77
                                                                                                                                                                         .
                25.6               cl Material reeelvod but not takon In books                                              ,. I                                         .
                25.7               ,., ConllllC:o,s :naleriol control occountrcoo1t11II                                            i .. '
                                                                                                                                                                         .
                    46             ,., Less: Provisions                                                                            I.                                    .
                                                            , Total                                                    13,562.15                              14,617.46
                                                                                          ....
                    Ci)
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                                 7 ~v
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                                                                                                I                -                   I
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          DAKSHIN HARYANA BIJLI VITRAN NIGAM LIMITED
          EOTES TO THE'FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED ~RCH 31, 2018
           OTE No.•14 •     • I
          nfHER Nn1J.c11~. ASS"TS
                                                                                                                                     l
                                                                                                                                     l
                                                                                  M•rch, Aa al 311tl\larch,
             Accoun! Codc,s
                              .
                              I
                                                  Particulars
                                                                   - ,... at 31st
                                                                              2018              2017                             .
                              .
                              !
                                                                      Amount In L1kh1 /.mount In Lakhs
                                                                                                         1,9H,.6'1       1.900.75
                   211.3                           lnlemsl oo:tUed blJI not due                                            513.92
                                                                                                           621.89
                   2e.•·                           Amount recoverable from em                               :,
                                                                                                         1.SH.68         2.874.&4
                                             ;
                 27.412                          • lnteiim 0e-11 with Income Tax
                                                                                                                                     I
                                             .     Other clalms and receivable (except 26.784
                                                                                                l        1.489.31        1,693.10    •
                   28.7                            & 28.785)
                                                                                                           496.0<I         ~69.72
                                             .                                                  l
                   28,9
               57.120:,23          --
                                                   Oenndts
                                                 - Receliiable fromHVPNL GPF T(ln'         -         l   74~.61-

                                                                                                           715.76
                                                                                                                     -   5.105.09

                                                                                                                          (156.57
               57.160-163              ..          Rccclvoblo from G.PF Trust (DHBVNL)
                                                                                       -         I        1,434.72        1,206.04
             28.679 & 46.993'                      Amount receivable from HVPNL
                                                                                                                          1,974.43
                                                    Ot,posll Acw(Jnts                           ii        2,088.58
                   20.280                                                                                 2,733.85        2,736.34
                    18.1               l            Assets held !or dlsnnsal                    !
                                                                                                r           350.93          350.93
                    ~8.2               '
                                       f            L,,111: Oth4ra PrO'Jlwn,
                                                                                                         20103.95        17.966.73
                                                    Toi.Ill
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        ,.._
      -
      OAKSHIN HARYANA BIJU VITRAN NIGAM LIMITED
      NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31', 2018                         II
      NOTE No. -15
      CURl-!ENT INVESTMEN1'S                                                       '
                                                            As at 31st Much1 As at 31st March.
      Account
                                Par1lcul9rs                        2018     I ;     2017
                                                            Amount In ukhs1 Amount In La~hs
                                                                                                           \
       Codo,
                                                                        .     t                        .
                                   Totnl                                     -)
                                                '
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                DIIKShlN HARYIJ.A 6UU =RAI: NIGAM L!MITEl'


                15"
                         .


                                      '       AHANCIAI. STATl!MEHTS AS AT & FOR me YEAR ENDED MARCIi ,1, 2018




                                                                                                                                                             Il
                                          .



                 Account Codes                                                                     As1tl1atMarch,         As 1131atU.n:h.
                                      I                           PartJcutara                           2011                   2017
                                      •                                                             Amount In Llkhs         Amount In 1.4kht
                22.iO To :ZZ.83

..... I   ...
                •nd22.Galo
                22.70 22.8
                 ~   .-                       .
                                                  ..,'-._~-----
                                                       In 6lo<I         O&u\__                              =573.88                       23 561.56
                                                                                                                                                             !
                                                  0"-' Storff and S----
                22.11,10&22.esG
                                      ;                  Al~     ,c.~-·& O&m'                                6 021.21                      4 Sil.SJ
                                                                                                            29595.10                      28.15509
                4.201,.c11.222.~e,
                2l3                ,lus: Pnwlslonl -alr\11 Sl0de                                               200.00         .              2GOOO
                                    Hit Stock                                                               2'1495.10                     27.955.0~
                                   IToul                                                                    21.AH,10                      27.IS&.OI


                ii2w:·-                                                                                                     31-3-2017
                                                                                                     31-3-2018
                Ac:counl Codo                       Por1lcull"'                                    Amount In Llkhs        Amount In Llkh1
                22.62                             O&Mlloos lr.daoaru                                     14,448.35                12.58001
                22.1139                           O&M l.la!e~ S!Oek-01!>ora                                    000                     000
                                                  Sub Toul-1 OSM SIOnt                                   14,446,35               12.510.01
                22.&<                             Stores and, .... -. at w,.-.• ....i,.n                   5.lta.•P                3541,15

                                 S1oru and.~., .. at                                                                                           369



                                                                _..__
                22.841                                           llot,a\                                          389
                22.55            Stcru and •""area at itJtAIQ.&M
                                                               \                                               &28 OJ                        74869
                                 Sub Tolll•l MAIA                                                            a.021.21                      4,593.U
                22.e&.22.69,22.7 Ollw-A/C                                                                    a.534.31                     10268.56
                                 Ml!orill Stod<·Elbu/ahortaga•
                                                       ..


                22.8 '                                                                                         69323                         71U9
                                 SubTolll-3                                                                  1277,5'1             '       U 001..55
                                                  Orand TotaIT1+2+:i1                                       21 HS.10                      21,155.09
                                  '
                                  :
                46.201                            Less:. Provb.lon -.uut o~to 1\0ek                           20000                          20000
                               (                  Uot Tollt                                                 29_.95.1D                     27,955.09

                Nolo-1:: S:ares& Spates lncludo.sa!ow mcw,g 1ndncn """"'91tc>R1i _,,, '370.74lakM (Pr~
                yea,· 4,47.82 Lakha) & '71828 Lak/11 (Prevtou> yea,· 2!9eS Llklu) rolj)Odr,lelv a the wno """"
                not bfff1 dedated obsole!e 10 far.,
                              :
                Noe.o-2:' Tho Ol<bdnjj provision omounung to· 200 DD I.MM i. .- ., rnoot ..ih ""'••w ct"°""
                ~Mo'MQ ilofNCOl!ing10' 10157 02 I.MM

                              '
                Noto-3J- No S:ares 6 Spates MVI> declared                         u obt<>lete by lhe COO'lliUee conslltuled fo, l1lfl Plifl)Ose
                c1ur:na FY 2017-18                   ,                                                                                           •
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         ·-
           DAKSIIIN HARYANA BIJU VTTRAH IIIOAM UMIT£O

            OTE Nn,.17
                                                                               ··---
           ~OTES TO THE FINANCIAL STATEMENTS AS AT & FOR TIIE YEAR ENDED MARCH 311 2018
                                                                                                                                                                           •   j
                                                                                                                                                                               •

            rp~nf RE'::EIVA'3LES
             Account Codes
                                                                                           k. 113111 M•rch. 2018 As 113111 March, 2017
                                        -                    P11tlcul•~
                                                                                                 Amount In L1kh1      Amount In La\hs
                                            Tr:xlo r~s outstoncf        ,ng IOf a portod
                                        a               six monlhs Iran
                                            1t1e dale th_, were duo fOf         I
                                                 n SeaA-- consk:toR:d -                                 129435.17                  :                 108.111-4.0$
                                                 i\ Unsecured conak1Mf!d -                              1.u 4'00.80                                  163 249.98
                                                 il1~ul                                                 402 870.70                                   41882411
                                            Leu· Ptovlslon lo, doubtful Uado
                                            receivl>bles                                                4n, 870.70                                   416 844.12
             .
                                        b   Qi1i, Trnde R«eiv:Jbles
                                                n Sxur od   con&ldo rod """"
                                                                                      - -      ~
                                                                                                         1 009.44
                                                                                                                    a                      .-               & 532.92
     I                                          li1 Unaecured conuiarod -                                1032.80                                        9 858. 18
                                            Total                                                       2~878.05                                      287.125.11

           1--- 11 ... ,   T,a---- R·   Ivan,_

          2J.1ro1-a1, 3001·
          a1 & 3101.a1                      Trade recalvllbles !Of Sa!e ol Power                         11743,87                                       30 583.21
                                                                                                                                               .             .
          ~{;1101-81, .3201·
          e & JJ01.a1                       Trll(!o lccelvllblos for Flud Ch-es                          3-4 514 45                                     ?A?Ol.20
          ~.a I .3-40 • •
          81 & 3501-81                      Trodo roce rvabl<ta for Eleelrio'lv n.-                       t1.147,U             j--
                                                                                                                                                            9988.64
          2;Z101.a I,
          23.3801-81 & 3701                                                                                 •
          81                                Trado rr.eMlhlea foe ~!unlo""' Tu                              3748.60 1...-                                    2.31962
          .... 1101-111.
          23.TT01·
                                                                                                                     ;
                                                                                                                           :·
                                                                                                                                               .
          81 23.7-001-6 I &
          23.5301-81                        Trodo rece,   Vllblfl for S                                 402.870.70        ly :                        lS0,302.38
          23 •                              Pro-.tlllon lot Un-lMlle<S Rovonuo                           47.7111.74 ;,                     '           41.598.78
                                            Trodc recei,ob!Ol IO< lnlot SIUIO Sale/
                                                                                                            '              ,
                                                                                                                           '
                                                                                                                                                       108.757.90
         23.6                                      . ~ o/ """""                                           n.937.31
                                            Duos from PonT,Mencly Oitconnoetod                                             .
                                            tcnsUITM!B                                                          .                                                      .
                                        Al Sule ol Powe,                                                                                                41,271.64
         23.5001-61
         23.5401-81                     Bl EJeci.WV 0•""
                                                                                                         46 502.48
                                                                                                          1:'748.04
                                                                                                                          .                              1,654.90
         23.5601-81                         Cl Munlcioal Tox                                                 197.71                                        194.24
         23.1301-81.
         23.7301-81,7.Wt•
         81 & 8201-81                       Trade RDG«llvables (or FSA                                   95.097.111                                    89 771.72
                                        Sub To~I                                                        733,270.49             /                      704 849.21
                                        LAu: Provision for dOllblful 1n>do
         23.9                           roc:elvables IExceru Surchat""'                                   66 521.74·
                                                                                                                                   :                        156 521.7~
                                                                                                                               '
         23.934                         Loss. Provislo!, fo, Sutchame nol Re.1llsod                     402 87070                                      350 302.l8
                                                 .          Tolol                                        263 878.05                                     287.825.11

            ~·-                                                                                                                        I
         ,.mo Trade reC<t lYID'.U lo, ourtl\0/ge p(1ot to 912003 lndUOH          ,n Ille Tralle - ·-"" Sole ot p~.
.:       2. The T,,..,. recelvoOlo in<:!udM .....,,..,,. lot ~ ~                   Rs 47781 74 Ullhs Created lot u,o·                          ot Mardi
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     I             ~~                                  L
                           HARYANA BIJLI VITRAN NIG ;..:::.:
                                                         IM .:.;;1.TED=
                                                                   .:.. ·=---------------;                                                                      ...
                   NOTES To;THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31,
     I             2018
                                                                                                                                                                I
     I
                   NOTI.' No -18                                                                   I

     I             CASH AND CASH EOUIVALENT
                         Account
                                         - FS
                                                                                     0

                                                                                         --,+----------------!
                                                                                                                           As at 31st
                                                                                                                          March, 2018
                                                                                                                                            As al 31st March,
                                                                                                                                                   2017
                                                                                 Partlcu               rs
                               j                                                             . ~
                         Co<fcs                                                                                       Amount In Lakhs Amount In Lakhs
                   t----,',_........+•   Balanco with Banks
                                     ::i-=;
                      2<i.Jt24}                                 In Current ACCOUlll                                             13,747.44           6.323.67
                     24.1 & 24'.2                            b Casll In Hand                                                         7.15               0.08
                    - - I- .,.
                           -                                 cOlhera           ~
         I   - I
                              :h · ,
                                           -
                                                             .•• lntttt-Unit:. .•itt:uq to- -           - -
                     e                                              "-•-                      ,••.,, !)
                                                                    ncadPfflce  - - - - -- 8;513;'1'6· -    ·~ "1';5119.94
                                                                    l,weatmonl of amo Jll rccelvod
                         20·.2a1                                    agalnsl Grunts In j :.:
                                                                                         od    :.:
                                                                                           :..:do :i:
                                                                                                   po,
                                                                                                     = =--1----=
                                                                                                      IL        2~.6
                                                                                                                   :.:
                                                                                                                     9 1.:.":
                                                                                                                      :.:.6  :.:
                                                                                                                              1-1---.,..1
                                                                                                                                        =,90~
                                                                                                                                            :':
                                                                                                                                          ' 7  :-=-I
                                                                                                                                             .06
                                                               Total                   i                       24,859.95             15,760.75
                                                 '
                                                            '
                                                                                                                                                                      JI
                   Note :-A''!"' of '8513.75 Ljlkhs (PrcVIC ~s yaar • 7529.93 Lakhs) deposlled by the various neld
                   offices In lhtl last days ol March-2018 h• not been received In lho head office main bonk
                   account till 31/0312018                     I __,,.                       :J


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         ·-                                                                                                                                        -·
       DAKSHIN HARYANA 6IJLI VITRAN NIGAM LIMITED

      NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31, 2018
      NO'Tc No. -19
      SHORT TERM LOANS AND ADVANCES                                  I
                                                                                                                              -
      Account Codes                                   As at 31st March, ks at 31st M31ch,
                                                                               2017



                                                                                                                                                        II
                              ....
                                 Partlcuhfrs                 20.18.

                                                                                  Amount In Lakhs                        Amount In Lakhs
                                  II Unsocured. consldored good                                    '
                                  Advances ror Purchase cf Power and
      261 to 26.9                 Operation & Mic. Suootles                                11.402.90                                  6.407.50
      27.201&202          .     - "' IS 1-'ay Advance (Iniores1 tree)                           3.51,                                     3.82
                                       -         -     -
                                                       -        .    -        '            -
                                                                                               ,. . ..
                                                                                                    ~
                                                                                                                              --          .
      27.203,204.206                                                                                                     ;
                                     Festival, Wheat advance. Olher loans &                                              I
      to209                          Adv. Of GIS Premium (interest free)                        258.03l                                263.42
                                     Advance lnccrne Tax DeoucUon al
      27,420
                                                                                                               1                        180.00
                                     source                                                     152.19
                                     Advance Fringe Benefit Tax deposlled                           I
      27.411                         with I.T Deptt.                                            859.87·                                859.87
      27.9 &46 218·                  Less· Provision for doubtful loans and
      221                            advances                                                      .                                           .
                                     Total Unsecured Advance                       .       12,676.50                                  7,714.67
                                                                                       ,               .
                                        Ill Ooubtrul
                                     Total
                                                      ,.    .                              12,676.50                                  7.714.67

         @)                          ., 5
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             ..                                                                                                                             --
                      DAKSIIIN HARYANA DUU VITRA N NiOA.11 LIMITED
                      NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YE,\R ENDED MARCii 311 2011
                      ~u- •
                                                                                                                                              -         )
                               RrilRuii;a.           A'"'.:::ra:;-,-11::                                                                                    r.
                      A~c~nl Cf\dra                                                                            A> 113111 Mlrch.  Ao 1t 3111 M.trch,

                                             .•
                                                                           P1rlicul.lts                    .       101G
                                                                                                                MIOUIII In Lakhl
                                                                                                                                        2017
                                                                                                                                  Amount In Lakht
                               288               i   O!hcr recofv1blo ,._....,, 21.876 an& a191                        7'9'195             6 749 68
                                             '
                                 '
                          21.110·!
                                                     S""'*YDetllorlfot .. ~ .... oCl,e, lhan
                                                                                                                                            705 37
                                . l
                           17.224 !          '
                                                     UHBVN
                                                     Defle<ed ROYCnue Elq>enclu..-
                                                     H,1ncls&I            •
                                                                                                                          7M,95

                                                                                                                             2.31
                                                                                                                                      l
                                                                                                                                               1.50
                                                     Sub Tolal-1                                                         1,019.21         7,456,4S
                                33                   11ST .P..-.-1 Tlllnsactlon                                            234.17           248.28
                                                                                                                              .
                                                                                              .
                                37'                  I\IT·OOw TIW\sac:lonl                                                                1,338.70
              ---·-                 !        I       sol,'i'olir.2-           ~
                                                                              I           •       ' -- -
                                                                                                                 .   .   :" 234,17        UH.ti

                               482 1
                                    ; ·.              Al Tolal 11•21                      .                - --           1,323.31
                                                                                                                            10003
                                                                                                                                          t,043.43
                                                                                                                                             100.0-3
                                                     le11:IUTl'nMslons
                               • I                   Net Cuffllnl Auola
                                                                                              -                            1,223.35        •. ~~40


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                                                                                                  -          . ·-- .                                    ·-- -
      I =·"DAKSHIH HARYANA BIJU VITRAH NIOAM LIMITED
           NOTES TO TliE FINANCIAL STATEMENTS AS AT & FOR TliE YEAR ENDED MARCH 31 2018


           Acco
                   ue fDn.a..a,       F          ,N~
                                                                                                                                                                    ·-
                                                                                                                                                                     ..


            uni                                        P1rtlcul.trs                                                    201MB                                    2016-17
           Codo                                                                                             Amount In Lakh1             Amount In Lakhs
                   s.i. or Stivlcn                                              I
                      Sale of - and BMld- Outaldo the ,tote                                                          89.598.66                                74.980.39
                      Sale cl ---· -.ithln tho &t)te                                                              I <>'i11500.62        I                   8'19 475.52
                      Total Salo cl Sor,lces                                                                      1,148,099,""                              924,455.91
                      Revenue aaolnst FSA                                                                             52,005.59                             214,639.85
                   Olhor o-rauna Revenue
                      Axed Choro03                                                                                   98.592.30                             9S 707.56
I                     M<l!6•'Re-=     ellllce-=-=-- -
                                                                                    '                                 4803,80                           I    4 207,73
                                                                                                                                                             2.783.96
                                lal'l!IM'llr-                                                                         4 231.81
I                     Miac., Cha,...__ rrom con1umot1
                                                                            I
                                                                                    '
                                                                                    -                         '        :Z:480,40                             1 957.94
I                     Total Other O•--ratitw1 Revenue                                                               109,905.37                          '11114.157.18
                                            Total                                                                 1,3<40,013,,1,4                       1,243,752.85
)
           ~ ~·-~oc                                                                                                                                     '. ,
                                                                                         Account           31.J,2018          lf-3-2017
           Sr.Ho. Partlculars                                                             Code          !Amount In Lak/111 /Amount In Lakhll
              1
                  RMnuofrom Into< lle!O Mle ol pcwor and
                  Bank!-                                                                   81.1
                                                                                                        .            89.598M
                                                                                                                                                I
                                                                                                                                                               74.980.39
             2      W4hln IUllo aolo o/ -,                                                                                                                          .
            a
            1       Dameslic•• .......                                                  61.2001-07                  281.060.66              I               230,510.76
            bl      Non dotno•lic a· -                                                  612011-17                   l99700VI                                159,814.80
                                                                                                                                                                     .
                                            11
                                                 •

            cl      lndusultllsu-·
                    n lndullJ!nl s·-···LT                                               612031-34                    6900001                .
                                                                                                                                            I
                                                                                                                                                             60010 10
                    lll lndlnllllll •·--•· HT                                           81.2021-26                  399468.24               I               266054.:!8.,
            di      Ull-atlon                                                            81.2041                     18178.42
                                                                                                                                 '          I                11 234,n
            e       --tc.Aluro                                                          81.2042 ..ct!                 e 792.10 I                              830&U
            .       8~   SJlftl'\IU

                                    ,
                             Tractio,
                                                                                        61,2051-67
                                                                                        61.2061~
                                                                                                                     44'. 582.65
                                                                                                                      3 817.49 ,
                                                                                                                                        I                    37682.29
                                                                                                                                                                7.193,82
            h       MellO IDMRCI                                                         61.2065                      4 541.01                                4851112
             ll     Str~l I ""h"-                                                        61.2071                      6 247.50                                6.4SS.31
             n      Pl.tbllcwalefwotks                                                   61.2081                     45056.24                                37,356.01
            2       SUB TOTAL lo ,,,n                                                                             1,058,500.91                              849,475..52
            3       Fac!C••-e1                                                          61.2101-81                   98,592.30                               95-707,68
           Hal      FSAAa•eued                                                          61.2301-81                   "7005,69                               214.639.65
           4 '"'    FSA In llc.u o/ Ac" received from GOH                                 61:301                             .                                       .
             4      Toc,J FSA fo+l>l                                                                                  12,005.59                            214,639.85
           5 DI     9ocltlcl1v dut, recove"'                                             6).50&5.1                    16.8C6,36:                            14..676.04
           5 "'     1.1,-,1Tax                                                           61.52&53                      7.234.0'·                             S 355.81
           5 cl     Meter SoNl<e C••.-..el/Une StMct c•-1                                  61.6                        4 503 6():                   .        4,207.73
                    Rf!CCY...U r0t thon of - .....,, _...._·octices                        61.7                        4,231.87'                             2.783.96
           5 "'
            5       SUB TOTAllo lo"'                                                                                  3U71.~                                27.023.64
            6       Mlsc.CN"r-• from conaumars                                             61.9                        2480.40                               1957.~
            7       Grau ,evcnuo from •Alo o/ --1 lo 61                                                            1,36-4,0SJ.81                         1,213,784.80
                    I.Ms                                                                                                            :
            al      ~ ..e.-:--, ___ ..,... as -·· con" s/8' abovo                       61,54& 55                     16 806.36                        14 67A,04
            bl     M.tax   ---blo as      Ml,,#      contn,   5 '"" above               61 56& 57                      7.234 01                         5 355.81
                                                                                                                                                       20,031.85
            8       SUB TOTAL lo•bl                                                                                   24,0<40.37                  .

                    Net tolAI 111vonue 17.Sl                                                                       1.340,013,,44                • J~'l~J.752.95
                                                                      ~                                                                                 V


           G>l N--W                                               )__                                                            I •
         I
         '
             DAKSHIN HARVANA BIJU Vil RAN NIGAM LIMITED
                                                                                                                   ...
             NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31, 2018
             unreNo ..--·
             OTHER INrtWE·
             Account
    •I

     I
             Codn                       - Par1lculua
                       l Interest Income on
                                                                 2017·18        2016-17
                                                              Amount In Lakhs Amount In Lakhs

             62.210
                       I
                                        .
                             Slaff Loans and advances                  292.82          369.75
             62.222 ,  \     Axed De""silS v.ilh BaNS                  123.66          141.83
             62.285    I     Provident Fund                            45-C.73         301.'42
                      J .                                              871.21          813.00
             62_8     i tneomi.lrom sUilrwclfllll) ac1Mt1cs I            11.27
                                                                             .. .       10.33
                                     ~
              -                         i                                                             '
             62.901. 82.908 Roni from Resldentlal e,-                                   54.60             27.07
                               Delayed paymenl ct.a,vos from consumers
             62.2401-24J 1 surcl1ar~• ;_......,                                      11.252 17        9.413.llu
                                     oes from State Govt. lo< supply lo
                               Subslcf
             83.1            1      l
                               -ricullure lube wells al subsidised la riff          304 332.05   264.354.40
             82 8. 62.9f!f.
             62,3      • I . Misc.           excee, 62.901&82.9081                   3469819      44 485!15
                         i     Total                                                351,219.49   319,104.34
                                    s               . -,. ,,   ,
•            (:j)1!                         ~-~       '
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              ,,-..,                                                                                              ··---                                ----.
            OAJ<!,,n
                   ::
                    N=11AR
                        = v"AN
                             =   0"'"
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                                              ,-,-,
                                            ,T=,  N- _AM UM
                                                    IO    _IT
                                                            _l:ll
                                                              ____
            IIOTES TO TIIEFINAHCLALSTATEM~NTS ..SAT & FOR TIIE YEAR ENDED IWICII 31.1011
                                                                                                  - --           -- ---'--~..                                    ·--·

                                          T m11:Z2L_ _
                                                                                              l011·11
            SrHo P11'1kubf1
                                                                            Unit nn LUl Amount In L.a.kht
        I
    '         A        Power -·rch.a.so
                                          -                                      302_• .,                t 1"6 4119. t2 L 269!252•                          t 0,0151 91
                  t       1
                              ---Tlllnn
                                                                                                                                                              •• ,.. ,93
                                                                                  1> M2.70                  5,4 1117.,42         19 -46&,4\    '
                  2       Si"l«tTenn                                                                                                           -
                                                                                   ,m.12                     t2'A5-20                     :21t.3J
                  3
                  .                                                              317,658.IS              1.21s.ca1.H
                                                                                                           , 1&, is.se
                                                                                                                                289'~.32
                                                                                                                                     t,        i              10595309

                                                                                                         I "1.197.32            · z,,.a'ao.Ji               1,ZlZ.l!.SS.r.G
                  0                                                              317.&Sl.15
                                                                                   I   '.            .     ..   '       .   · ·rr.ts1M'                I
                                                                                  1266S~
                                                                                                                              · 1.,.2ua                     , .,n&Ss.,a
                                                                                 J0OU.50                  Ll31.1t7.32
                           Nol PO\,.. r anltab.a. •fwr tnn.smlnlon Loun
                           TRANSMISSION & SLOC CtWIOES !HVPNl.l
                                                                                                             i0,ld2.71                             .           &7,,279.-1.)
              B
                                                                                                          I .f.21 S60,""             i                       1 300: 135-ln
                                                                                                                                     !                       1,300.135.C3
              C            Nol Cool of Power
                                                                                                          1,,21.,!,60.0J             •
                                                                                                          ·t ,21 5&).0J              !•                      I JOO llS 03

                                                                                  "" Hl.50
                                                                                         1.!_J_ __':,_;
                                                                                                      1!,!
                                                                                                        ··•~2.!
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                                                                                                                    .o .l
                                                                                                                     !!:       ·' 1:,::
                                                                                                                         t.L_,Z7~       ll
                                                                                                                                    ...e!:  ~1:,J..
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                                                                                                                                                    1,,:
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                                                     .   --
                  Do\KSIIIH HARYAHA BIJU VITRAH HIGAM LIMITED                                        - -----                        ---·        I
             I    NOTES TO TIIE FIIIAHCIAI. STATEMENTS AS AT & FOR THE YEAR ENDl:0 MARCIi 31 2011
             I
         •I
                 ~
                   A«ount
                                                                                                                                 201c.1;
                             '                                       P1rtlcul1ra                        2017-11
             I
             I
                    C<xles                                                                           Amount In La~h1         Afflounllnl_!~

                                        llbd. Salal1es


         I
                     75,t                                                                                     52.69090             19.1~3.73




                                         -
                     75.3•               Deomeu .-anco                                                                             23.01551
                     75,A    . 0111er-.nce
                                                         ,__.                         .                        8.551.21
                                                                                                               3.TT5 56             s.~1.s1
                     755                                                                                         2<M.06                ••-•a
         I                              SUB TOTAL 1                                                           63,221.73            '8,171.23


         I         75.611, 613.
                                         - -
                                        Olhot llalf COiia
                                             ·-:
                 • :ei4&GIS- ~ ..• , ! ., · -~(lndoo, & OUldOM
                                                 -
                                                         --                                             ;:.    • 8C4~31       .       714.4 I

         I          . 75.812
                    75.ffl
                                LeMTnrvtfC-
                                        p- Inlet Woflut,en'a                   Act.
                                                                                                               2.&-17.59
                                                                                                                    53.97
                                                                                                                                      356.&0
                                                                                                                                       60.73
                                                                                                                                                        I
                                                                                                                                                        I.
     .1            75.630&
                    75.631
                                        ~~- & Leave ccnc,lbuelon (Ii.ti on ai,utation wllll
                                        OH8VNl)                                                                      55:40             21.36
                    75.832              Pension Leave.    r..,.,,...., c:oootbutb ,                           40900.00             3900000
                    75.833              Ponslon ccnlJlbullon ol ,-llall                                         2   oooloo          3 000.00
                   75~10                Expendlla.n on Elnploye<11 En,joged o., Conlnlelual Basis
                    75.&-13             (t>ala Entry OpentodSA/    AlM)                                       20.920.82            14,754.22
                     75,7
                                        Slaff~       ~On.-...              c:anteel' . oducl llon.
                                                                                                                                      328.27
                                                      & ........ilon).                                            4611.!,7
                     75.1               TlllfflNlbenetll.                                                       4 190 13             .,.M.52
                                        S118 TOTAi. 2                                                          n.2Jo 19             61,702.11
                                        Tob1ll1+21                                                            135.400.12           101,173.34
                     75.9               Less Exi>enooa C..oltollzed                                             1.232-18               939n
                                                                         Tobll .                              134.228,74           100.,34.09




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                                 ....
          DAKSIUH HARV NIA BIJU VITRAH HIDAr,c LIMITED                                                                                           -
                                                                                                                                                ----                 .,.,
          (~~;s TO ntE FINAHCIAL8TA1EMEHTS AS AT & FOR                                me YEAR EHDED MARCH 31. 2018--
                 ""· .,s
          Flfl•uc~ C isr
           Accouot
                                                           Ptrtlcu1,1n
                                                                                                 --  ~11-1,                                     3!!1•17_
                                                                                                                                                                 ~
             Codes                                                                                Amount In ul<M                             Amount In Ll~h•
                     1-ntorost on kNna
     -,       78.101 11 Interest on Slale GcM Loons                                                        1.454.98                                          .
                        b) lnton,sl on Loon Recd Fn>ffl HVPHL ond lnle<e>t pr, Bonds
                                                                                                                -
                 782 lrom Varlou> Banh                                                                     7 479.83                                    7 337,81
              78.502 c' Rutal Elodrlfia>llon t'
                                              ..otn,                                                      18 793.8.'I                    :            18 425.09
              7lL51S ~ p- F1Nnce eon,                                                                           2.85                 j                     15.7)      -:
                        o)Payment of lntotosl on lo>n lrom ccmme,clol bani. IOr                                                      i                                !)
              78.518                                                                                         834.ln                                    1,873 tO
                     Eledrirco llon -                                                                                                '
              78.527 ~ or>lodna frorn                   com,,;,. 9.>rJ<s fo,      .
                                                                                                      .          .                                         11.56
                                                                                                             218.17                  !                   256.Ja
              78.535 l SID:,, GM. U'lder APOP/APORP P...,__•
              78.530 ~llntonnl on LOlln ,,_ NCR                                                                  .                                        87 !4
              78.537 ,\SIJl:.t GoYI. l#ldet PI.IGY .......,,                                                   5 87                                         tl,!15
              78.538 ntntates.t on l.olin fto,n kECfof l)fOGtJtOmenl or (nll~,l»                             371,51                                    3429 ..
              78.541 kH~ete-Jl on VIOtld ~k loan                                                             30038                                       215..-1'
              78542 •tn!Jl,-sl on REC Loon ooaltlsl RGGVV w,omc                                               8L88 .                                       74.94
              78545 ml lnto<OSl on too,, &om PFC und« R•APORP                                                730.71                                        835.37
              78549 nl rn1etos1 on I.Mn from PFC'"'-'-"'"" Co""•!                                            747.~5                                      4 760.49

              78.553 01 lnrorest on Loan from UHavN                                                       11 ~,saa                                     2140703
     I        78.555 _, tntoroston Lewan ttom GO...U DAY Sche.mo                                          JG 1M9.78                                    -46,120.54
                     Sub Total •a ton•                                                                    82.321.97                                   104,517.19
              78.801 ,..\ fnt:atest ..... t.oi on 00ltlUtl\l t tt <ilW"I ~                                 5 233.07                                     1.88263
                 78.7 ,, ln!Ofml on 00.'CC frCln bria fol ........._ c:aoltol                              21161 ••                                     I 1110.,0
                 78.8 sl Ow, 11\loreit and ftnonco <homo,                      foxceDI 78 8841               364.10'                                      :153,45
                        G,on Total          ~                                                             to.588.77                                   107,U4.08
                 78G 11 Leu· In1010111 & Gu3tlln1H Cl.•-cs Ca""Dflz"4                                     12 895 59                                    1105011
                        Hee Tomi                                                                          77.991.18                                    95,113 95


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          DAl<SHIN HARYANA BIJU VITRAN NIOAM LIMITED                                             .           -                      -
 '
          NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31, 2018        '
          NO,~.,,.. •.,.. i
          DEPRECIATION
                            =·                                .
           AccountCodo                    Partlculara                  2017-18        2016·17                                           ~
                                                                    Amount In L~khs Amount In L•khf                                     '•
                          !
                                                                                                                       '
                                                                                                                                        •;:!
                n.120   I             Bulldlnn ond cMI struduro                              658.10                          58645
                        l
                                                                                                                           29 244.46
               n.1so.1eo
                n.110
                                      Transmission and Ol1tribuUon
                                      Vehk:Jos
                                                                                          31.3'14.98
                                                                                                 77.78                         62.02
                                                                                                                                        .
                                                                                                                                        ~

                n.1ao             ' Fumirure and Axturo                                      105.16                           149.38

-                                   Totnl      •
                                  : Le,, deprecbtibn 011 assei, contlfbutlld by
                                                                                          32,186.00                        30 042.~ 1

           -    71:150-           ~ .S.nd n,;,nl<                                          9.673.56                         8 493.55
               -                  -           -       NET TOT.6J
                                                                 ,

                                                                             .            22,'512:~                        21,648.76
                             ;
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      DAKSH!N HARV.VU. BUU VITRAN NIOAM LIMITED
                                                                                                                                  ---
       NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR TliE YEAR.ENDED MARCH                                 lf2018
       NOTE No. •27
       OTHER EXPl:NSES                                        .
       A<countCodoa                                              201'/.18                                             2016-17
                                       Pullculara                                                                      Amounl in
                                                              Amount In Lakhs                                                    Lakhs
                                                                                                                                   .
              74.3
                      Rtoalr & M1lnt1n1nce IR&"'
                        CMWoru                                           5.18                                                  2.75         ..
                                                                                                                                            , I
       74. I & 74,5     Machlrwv                                   10,327.07                                               &.•81.G6

       74,2,H.6 lo 74.8      Olhors                                                       368. 11                               m.eo
                          Total R•o•lr & Maintenance                                   10.700,36                           6,823.21
                          Admlnlalr•Uvo & General E,men1os !A&OI
           78 101         RtnUi            toue lll/llalal                                108,90                                222.71
                          Ra1rr&-Taxer-             •                                     173.32                                173 .. 3
         76.103-108                                                                        30.49                                 36,68
                                                                                                                                            ;
                          Insurance
                          Telephone chllrge•,pootage,telo--vram, !J!!cx
                          chargM & M=.ol websl!a or lntemel new
         78.111-118       inatrumenla                                                     751,64                                372.13
                          El<pendilure on ln:emal Audit cank!d out by
            76.120        Olltsource  ""•ndo•                                               82.90                                 77.11
            76 121        LM,oJ d\amos                                                    500,59                                 363.38
            76.122        AudiHeaa                                                           3 24                                  4.00
            7a. 123       Consul!              1.                                         356.48                                 918.07
       76.124 & 76.125    Otllef o,cfoulonal chamaa & tochnico• Fee,                        75 18                     :           807!...
           76.126         SoMr:t          !Of              Uon                          1,340.93:                              1,151.85
           76. 129        =. on lr.linlM 10 sia.'I lot comnutor                             72 53                                 62.09
           76. 130        Ucense fee                                                      1.1)1.40'                              202.35
         78.1~1-139       Con          &                eYN!n101.                       1,635.81                               1,482 82
           78.163         Prfn""" & S!a-                                                  298.63                                 25572
           76.158         E            Cnamos                                             555 12·                                32038
        76 151. 152,      Olhef cicpenMO lil<c W1llch & ward o! building. photo                        !
         76 154-157.      state cho,oes, ~.de,ong & acannlnp ol consumer
      76 159-191, 193     caso files and lmplemeotallon of o,,1.no
            & 104         compu!J!nznl>c:n etc.                                '        1.612 47                               1.281 62
                                                                                   -

           76.195         SolYial Tax011R0110r&eChllrgo                                   712.53                               1.519.79
                          C41h/S«rol rew:wd pole! to V,gllance and Informer
            76 170        10 de~ lho thoft ol eleclr1c:ity                                306.67                                  33, 11
            76.192        ,_..,,..nd,IUIII on GSM modems al OT moto!!r&!...__-4               .
                                                                                             .;_4_                                     .
      78 ~ 10.30.,o.so.                                                                        I
       eo,ro,11& 83 Olhor material reulad ·-nses                                          481.45                                 SO!l.53
                        Total A&G Ex•>tnan                                              9,180.18                  I            9,043,48
             78.9                                                                         309.77                  I              825.0B
                        Nat A&G Exnonan
                        Olhor Otbltl
                                                                                        8,870.4.1
                                                                                                   ;          , i              8,218,40

                                                                                               ..
            79.4           Refund of RIY1!nuO f Provision•                                  3.80             .•             1.080.65
            79,5           Mlsc. louo• andwrl!J! off                                    1.953. 17           I               1.851.54
                           Total Other Ooblta                                           1.958.77            I               2.931.19
                                                    Total                              21,527.54                           17,973,80
                                                                                                       •
                                                                                                       I
      Note.27.1· Admlnblfollve and General expenses of '309.77 ukl\5 (previous yeor • 825.08 lokh) re~tir,g 10
, I
                                   .alized.
      C40:\lli wofk• have bffn tanl'           A     -                                   '
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                      DAKSHIN HARV.ANA BIJU VITRAN NIGAM LIMITED                                                                                                  -
                      NOTES TO THE.FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31. 2018
           ij         NOIE    u-.
                              -~7'-'
                                                                                                                                                        -
                      PRIOR P"RI"~ E EN~c~•NCO               '
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         ~ I'     .   Accou~t        cor·t                                                .
                                                                                      Particulars
                                                                                                                                   2017-18              2016-17
                                                                                                                              kmou"I in Lakht Amounl In Lakhs
              I                           T :'           D..t-.r D--            ff-                                            .
              I                         '. i Prior ""nod E.t""n•oa lal
                                     .. I     Rotund ol lncomc/R evenuo relaling 1o prlo<
                              839 I.                -·       ............                                                                    l,45
                                         . I                       riod lncomolb
                                                         frlor ,..,"            l
                       65.8 and 65,9                       O!hotexcess            In"""'                                                      .                    0, 13




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                                    _.J_                   Not Prior Poriod ltomala-b                                                        1.AS                 10.13
                                                                                                    .          ·-                                                               . .
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                     DAKSHIN HARYANA BIJLI VITRAN NIGAM LIMITED
                     NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENOEO MARCH
                                                                                                         :
                                                                                                                                                   q
                     31, 2018                                                                            '
                                                                                                         I
                                                                                                                                                   ,j
                     NOTE No. -28                                                                        ',.
       1             Excon!lonat Items
                                                Particulars              2017-18                  2&16·17
                       Account Codo
                                                                     Amount In Lakhs        Amount In Lakhs
                                                                                   .                      •
                                                                                                                                .
                                         .. -                                                                                       .

                                    , ~~
               ..,                .. -                                                                    ;.
                     TOTAL-. •                  ~
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         DAKSHIN HARYANA BIJLI VITRAN NIGAM LIMITED                                     _,,_    -·-      -·-----                  )   l
         NOTES TO THE FINANCIAL STATEMENTS AS AT & FOR THE YEAR ENDED MARCH 31, 2018
         uoTF. No, -29
         EXTRAORDINARY ITEMS
             Actount Crode                     Particulars                            2017·18                      2016-17

                                                                              Amount In Lakh*                Amount In Lal<hG
                                   Provision for bad 111.d doublful
                     79.4          debts                                                         .                    17.095.57
                                   TOTAL                                                             .                H,09S.57
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                D••SHIII HAAYAIIA CIJU ~ITHAN N!OAM LIMITED
                IIOTES TO T\IE AIWICIAL STATEMENTS AS AT, FOR THE YEAR ENDED MARCIi Ji 201~-
                                                                                                                                         -       -·                                                        •
                NOTE Ho.·'"                                                                                                                                                                                '•
                EARNING PER •HAR EPSI
                                                                                                           20:7-18              1016-17
                                                           P,utlc.u~;ars
    ii
        I
                                                                                             -·-   Amounllnl.!_                -- ·---
                                                                                                               ~ Amou.11l In LJkh1

                                                                                                                13412            I             L\QG ;
                I    Ne! P~ u - Profll & Loss Ne AvodoblO,., e-~                                                                .,
                                                                                                   .                                             ·-·
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                IL w..:i...._,ed Aver·- na.r,,bef of -.:a. S.1'14/o,fot
                                                                                                                                               •.·
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                      I                                                                                                          · ,ugra7•
                                                                                                             10 2'" 6M
                    A\ F« Baii&c:b- 1-- -Per Shore oJ Rs 1000,l-eac:h Jlf'I No,,.\                                                                   i

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                    Bl No,ol-Slwfl Fat l>Ued";~· Plil'S~o ol ~OOOl-•adl - N05,.
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                                                                                                                                      18 791         87,
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                m. Eamlnt11 Ptt Sha,. ,(Face vaJu. of Rl.10001· e.u.hl                                                                            .li.37
                                                                                                                     51.10
                BASIC Rn         R&J-'                                                                               51   ,o                     • a.JT
                DILUTED nn R·--u\
                                                                                                                                              ' . I ..
                                                                                                                                              i,·. l
                                                                                                                                              ,. i
                          C.kul.ttlon al Batie. &m ine P•t Shani•
                                                                   •
                                                                                                               25<MU57               Ct2•' 7M805
                          Pr.-Jlout Vurtnued, ~ & Paki-•-Shattt
                          CuttnlY..,bsueo 9,.blo'lbeO&Pa          ~107.1017                                     104''50                21 m,eoo
                                                                                                                                           ,,so
                                                                                                                 345 700
                          Ct.nWt Y«• tu.ued.- Scbto'l»d& Pab.,..,, SMl~.OS.1'Z.20t7
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                           WlilGKta> AVG. HO OF BASIC SWIRES


                                                                                         SUMM/\RY                                            \
                                                                                                                                                                              PrtvlOU1
                                                                                                                                   Curionl
                                                                           Portk.utara                                           F.Y. *17·18                                 F.Y. 201'·17
                                                                                                                                                                                                 ,, 19&
                                                                                                                                          ! IJ,A12                                          ,a. ,a,,v,
                          Protl1/M Lou 1.1-.- Pm.tit & LOU Ne                                                                            26,2481168
                                   nunoer of sNlrO:S usod In                basic e""nut'lft per OQUi'!U anare                                51 ,o                                                OJ7
                          w                                                                                                               :
                          BUlc   e·--
                                 IOd
                                ""'-(Rs;f/on nomlnAlYlll\le ct RA 1000/·.., wrol
                                                                            ditl.l*.0....- per-u"'-' wro
                                                                                                                                         28,2<C&.688
                                                                                                                                                                                            IB.71il.67'
                                                                                                                                                                                                   6 3'l
                          w-~ ~- mmt,e c of shares u:MKf in                                                                               ;    51 10
                                 pe, ll'IMD <Rs.t ron n.xn-1'11 value oC Rs  1r¥'VV· -- lharol



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consumer wn'C) Ill    =        lhc CU!IOfflcr satisfaction and ~ :Ind dc,dopltlffll                   or
scnci~c oricnccd :u-chl!bewn: blsc managcmcnl infonnodon sy,1cm was alloucd lo Mis
                                                                        ,m:and r
F«db:tcl: Vc:n1un:s. Thcc:onlr.>CI C-03 for n:vtcwingc~n:i.,c. "~ iodis.,       ltlding
11( ~b    m:ulting =isc was alloucd 10 ~l's KPMG. The C'O<lltlM:t C~ for prcp:an,lion of
SIHllliMblc. cflkicnl and DCCd b:isc:d capllal in\cSlmcnl plam for next IS years wus Q\\11Ned 111
M/s Glolx,I Energy Consulling Engiacc.rs. The conlnlCt C--05 for inccmal audic. inlcm31 conlrOI
f1WIIWS. COSting ITIMuah. financ:aJ llCCOUlltinll m>nmJs. budget m&IIIWS a.ad cr:ililing proar.llll
was aw:ir<kd 10 Mis Ernst & Vouna. The contnlct C-07 for review of safety proellcc: and
proccdun:, and up<blioi: or safety m:in1mls \\'115 olloncd 10 Mis URS Sc0C'"il<011.
The cootmct C--08 under n:, ie«      ro, consuJWX) sctViccs           for S1n:ngthcning lhc IT cell or
DRDVN 1w been llo3tcd and awarded 10 Mis HCL Technologies Lui.. Nohln.
b) Ten, Compotltlon:
For !mplcmcntadon of I bi)'aJU Power SystA:m hnpfO\'CmCftl Pn>j«t, ,..,;ous dcpvuncnlS of
OHUVN invulving Ddign. l'IAnnini:, l'TocurcmcnL FillllllCc Md executing agencies an:
ln,-ol\cd. TocMIJrc 1.l<II !he Project.sore impk:mcntcdospcrl'roo:un:mcnt Pbn for\\'orld &nk
fun.led Projects, DHBVN 1w i$Sucd a procedure order me! appoinud Two Project
MllJllll!c.mcnl teams, one headed b>· Supcrinicndir,g Eniinccr (Cons.truetion). OHBVN. Hisar
for Daodri Projccl 1111d lhc olhcr hcldcd by Supcrin1cnding Engineer (Opcra1ioosl, Fllridotx,d &
Gurpon    r« the rcspccti,c p<0jccu
n:lcv.uu Slaff and~ in lhc CUll<Cl1J<'d ~
                                          ,n   lbcir orcas. Project   i=n.   :m "'Cit equipped "ill, !he       I
Procumn cnt or !he "'Ofks is bcin11 done by folio\\ ing the World 8anl guideline$ iffilCd on
JanU31)'. 2011.
c) Approac~ •JC'd ror proc.rcmco1 rt,it\\:
Kcc:ping in line with the   0pcr.111ons   manUJI JOlntl) ogrccd b) OHBVN & World B:utk, the
                                                                *'"
:approx!, and mc:thodolog) used for l'C\icw of lhc
pmcurcmcnl Im been done Slrictl)' ,n UCMbncc \\ ilh the guldcll=
                                                                         Pft!ICCU \\CU

                                                                ~ of the World 8:tnl:.
                                                                                           10 ensure IN!
                                                                                                           I
'i   d) Procurement Thrcsbold1:
     For Work.1:
                   Ca1cgory                 Method or Procuremem Threshold (USS Equh'alcal)
      S&I of PlnnlS                         ICB                                   > 5,000,000
                                            NCB                                   Up 10 5,000,000
                                            Shopping                              NA
                                            Others :                              NA
      Goods                                 ICB                                   > 500.000
      (also applie11blc for non·         LIB                                      >
                                                                                    ---   ··-----
                                                                                     j00,0UU
      inrellectunl services and the
                                         NCB
                                                                                        - --
                                                                                  ., J0,000 but < 500,000
      services eonuaeted on 1hc basis of
      performance of measurable          Shopping                                      ---·
                                                                                  <30.UOU
      physical outputs)
                                            Olhcrs                                r-.A


     2. Major nndlng5:
     For review Pockngc G-02 /G-02R (Gur11Lton) & G-05 (Fllrid:lh:-.d). nu ,:r.ou5 i!cvilllion was
     observed during Ilic review. The comracts were awarded follo·,,irg 111.: \'.""~Jon~ guidelines.
     However, while going 1hrough the con1rac1 documents, ii \\llS ohscf\cd 1ha1 70 o/• of p:1~mcn1         <
     of supply portion is being mode 10 1hc contractor 1hrough opening 01 letter or eredit in fovour
     of the firm. 111c eontractcr hos 10 submit following documents for release _,r pnymcnl din::ctly
     10 the Bonlc.
                                                                                                            (
         a. 6 copies of supplier invoice showing contrnct no.• goeds Jc;.,r;;,:i v, tjW1n1i1y, uni1
            price and 1oial nmounL                                                                ,,

         b. Original and 6 copies ofncgo1iablc. clean. on-board bill ol la.ling marked frdgh1
            prepnid and 6 copies of non-negouable bill of luding,                          '
        c. 6 copies of Detailed Packing liSt idcn1ifying contents of each pucl.nge

        d. Insurance Policy/Cenmcn1c.                                             ,
        c. Mnnufnclurcr's / Supplier's warranty certificate,                  I
        f. Dispatch aulhoriintion issu<d b~ the employer with 1h<,f;\\;1.,:) ,~s1>«l11ln report.
        g. Cenlficate of origin
     Bui. no provision ofMRC i.e, material receipt al Sile C:hallans l.3> t.ccn ni:.t!c in the contracts
     1.0 conlinn whether the material is nc1unlly received 31 the site <'1 ~c for "t.·.:h paymem hns
     been released by the Bnnk.                                 ,_   •        I




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 For review contract C--08. alloucd to Mis HCL Technologies Ltd., the LOI was floated in
 previous years vide ct:,,c J 1.10.2014 and the project has been completed on 14.06.2017.                                       /
 3. S•mpllni; Procedure U,rd :
    While selectlng the sample, due cart was exercised 10 take into account the considerations
      with rcgar.:l tu following nspects:
      o) Size,
      b) Namr~ and C-Omplc;;ity
      c)   Vnluc geogrnr,hical spread,
      d) Method of proi:un:111c11l Md
      e) Single and multiple lolS
                                                                                                                                I
  4. Sample o(tbc Cuntracts Reviewed:
                 (!~                          \\'CM~                        c....,11e,c s.tn-1c:~             T,ul

               ,...,      \'.akC'    ,.._      Va:.       I \'as.t       lio.     V&loc              :<..   ,•..., I•   v...
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                                                                     6
S.. Flndini:.• on the Review of On~uini: Proeuremeat Preeesses :
Work of the three l'aokages ofG-05 (Foridabnd) and G-02R/G-02 for Gurgaon ~Ullld altcued.
Regarding lender enquiry G-02/R2 (Gurgaon- HUDA Arca], there were <>Ill) two bidders who
came forward in tender enquil). ince the quoted price< of L-1 were much higher than the
estimated price. therefon:. lt wn,• decided In drop th" ten<kr RHJtJ,ni; G.Qo (I r D~dri)
allotted 10 MIS l'CI Ltd, the firm was asked 10 sum the w,,,k with thc revised 80~1 comidcring
Single Phase and Three Ph= meter boxes instead of meter l'lllnr         Bu,~. TI,c finn has given
conditionnl acceptance •nd the cog: h:is hcen terminated on 29,0312016 duo tn negligence 10
honor the obligu1ions ofcontmct I\ ith the firm,                  I'.
Wurk of the package G-0 I Stnnd allotted to Ml< A21 E,,1:inc:·ir,            111d      the ;;im~ is dul~
completed on 3I.01.2012. PBCknge G-02 for Gurgaon stand nlloucd          UI M   s l V Engineering. y"
Delhi. This project was terminated on 09.07.2012 and re-divide,! in two pnckngci G-O~R & G-
02R2 Le. nen-Huda & Hud.1      =·
The work contmct for G-02R stands allotted 10 Mis Shyam lndus -ind P.mcr                  •luu~ns. New
Deltn at risk & cost of Mis   U B Engincrrins, New Delhi and the "'"' ;, t.! •I· completed on              (
31.12 2017.
6. Flndini:,s on the UHBVN Other S)Slcmk wuM:
Based on the infomunion p<ovidcd to us end on the lmis of c:,nr,,in~ti:>n. verifieauon &
observation of th~ documents, processes, proccdun:.~ and al~ the \\, rid i1onl. gurJdincs. w~
""'of the opinion thllt due core has been exercised by OI IBVN from inception of the Project.
invitntion of bids. evaluation of bids. award ofcontnms & r,~u••·'" ,,,         11·c   nrojects etc. The
de111ils of complete process involved from beginning 10 cnd atl,'1'1: J c, flt 18 Vl. ,, given        35

Auechrnent A.
7. Action taken hy the DHBVN on tht Finding.< of Last YeMr Review, If uny:
RCMOnS for Project Dcl3y:


Dclny occurred mainly due 10 de Illy in Selection 01'111anufn.1urcr or l'u .. l r.111<1unncr b) the
contractor- MIS A2Z Engg, Thenmnufoc1uring Unit of the i'lnn. 10 \\h111u U1t: or,kn,:i.s placed
initially, hod closed dOl\11. Then, the othcrmnnufocturcrs \\Cl'C Ml !'lrt'lin11 "ith the Q101lifying
Requirements ns per the bidding document. The lion 11astcd          II'"''""" 111nc ,n llrdcring the       I
Power rn:. However, now, the:                 • completed.
                                  WOO( Sllllld.




                                                  7
                                                                                                                I




Qiiml!lllJ
The Centmctor name,y M1$ UB Engg .• dda~oed execution of work due to inlcmol financial
problems. The .:.in•rnu notl 10 b-: terminated and was re-bid. The some contrncl (G-02R for
Gurgaon) hM oc.:n allnucd 10 MiS Shynm Indus Power olution.~ New DcU1i. Interim time (
extension hud been \liven w 11-, firm by trolls of DHHVN uplO 31.12.2017. Further. the work
stands completed
Fqrid;,ood
The projec: wns 1111113,., bid in 2011. The L-1 bidder did noc quali~v and U1c Qualifying
Requircmems of .... 2 l, <Ider in jomt venture with Chinese lirm could not be established. ,\$
$11Ch. the prOJO\l\ was re-tnd in three packages in 2012. Now, the           wont sinnds allotted for all
three pacl.a~~ racl...t• G.f,S (l'kg-11) was alloucd to M/s !'Cl Ltd but now the project hns
been tcnni11at<d JnJ       u,   1,ll,.c11 over by dJC deportment it5c:I fas per the meeting held with World /
Bani.   !IS 011   21.10.2011>   \\llh effect   from 29.03.2016 and interim extension has been granted 10
MIS GudrcJ & Boyce Mrg. Co. Lid. against G-05 (l'kll·B&C) upto Jl.12.2017. Further, the
work srnnds completed,
8. Indicators of fraud and eorruption.
 Based on tlic tntormuuon pro\'idctl to us and on the basis of examination, verification &
 obscrvnti~n of the docun1en15, processes, procedures and also the World Bank guidelines, we                   (
 an: ofthe opinion that there or~ where fmud nnd ~OIIUDl practices could be suspected.
 9. Comparison of Current Findings wilb the Flndin~• of                wt Vear Rtview:           (
          No major deviation from the Inst year hove been found.
 JO. Reeornmendatlens •nd Proposed Actloll$:
 a) Internal Auditors should be appointed for the finnnciol           )-.:nrS 2011-12,   2012-13. 2013-f.l.
     2014-15. 2015-16. ?016-17 & 2017-18, in addition 10 the E.x1cmal Auditors opp0in1ed by
     World Bank. cu cover review of Project Expenditure, compliance with standard & rules.
     review of periodical IUFR and reconciliation with DHBVN Books of Accoums arid report
     deviatlons,
 b) MOSI of die Projects in World Bonk funding an: delayed for which progress needs to be                     ,£:\
     expedited,                                                                                               \(!J




                                                          8
11. Ba.scd on the lnformntion gathered, the Reviewer will role the projc,1 U'tl'\III and nccou.ling
to three            ,o,ics described in ATTACHMENT 7, using the 1aMc below
            (3) catr~
                   CuttgOr)'                                                 R2tin~
 Overall Rn1ing                                                                I I<
 I. Systrms                                                                    LR
 2. Procurement Procl:$$                                                       IR     --                    /

 3. Contract 1\dminis1m1ion                                                    LR
E:ic.:h calcgo~· "111 be rated u<ing the folio\\ ong o)llions: •
           I • Luw Ri<k (LR)
          2 • Modcmlc Risk (MR)
          3 • SubSUln1ial Risk (SR)
          -I• High Risk (l lR)

                                   •n~cmrol~
Agrrrd Tltrcshohb / Procurement Arr-
The comract for LT connectivity and meter relocauon undr r 1h. junsdrcuonnl area of
Dadri was alloued IO 1\1/s PCL Gurgaon as on extension .if r; cxisung WnrlJ Bank
Faridnbad comrnct i.e \VB/DI 1/2009/G-05-l'ackngmg.                                                         /
       I.      Procurement Mc1hods and Thresholds for Gooos &. Wor~
aucgory                                 Mclbod of                  Thre<holo ti S') tquh1lcn1)
                                        Proeu rement
                                                                                      .
S&I of PIMIS                            tCtl                       >    S.Ovo.uw
                                                                    .
                                        NCB                        L:r, 1,   ,,oo,,. -··
                                                                                       l

                                        Shoppin&              j ,-;A
                                                                                                 -
                                        Oihers :                   ,.   ·\                             ·-
Gt>o<ls                               I ICB                        • ~oo n-:,1            --·
(also nppllcnblc for non·               LIB                        " SOOli,li,
intellectual SCI'\ ices and the
                                        NCB                        , .10.000 bu,           ·'J'JliYI
services contracted on the basis
of perfonnnnce of mcJJsumblc          I Shopping              I    <JO.O!IU

ph} sieal outputs)                    I o,h.,$                     NA




                                                     9
                                                 /
                                                                                                         I'



                       C.tfN,ll),..,           1\,lc1bod   or Precuremeat   Threshold (USS [qulvalcal)
              rue kn~< c;.o I                               ICB                    > S.000.000
                                       -
              Package (.,.,u                                !CB                     >S.000,000

              Package G-02R                                . ICB                   >5.000,000
                                           I

              Package Ci-fl~ (PoOl'latelt I                 ICB                     >5.000.000
                                           I
              as G-05) 1\.U &<.
                                           I
              AMR                                           ICB                     >5,000.000

              G-06                                          NCB                     <5,00-0.000

            Publkution in Ul'IIJB/DGl\1arkct - ;\11 ICB Contracts >USS 200,000 (Package G--01 & G-
            02 was alS<• pot,i " ,~ the UNDB Journal) .
                                                                                                         /
                                                           ••••••••




                                                               10

.---.._ I
\




    '




             .._ ..rr;-r.. __ .




        11
          I




     .,




12
, ......


               <Auu•n I (II)




           '




                                              • ___
                                   , ...,trn ;..
                                      .~..__
                                      c,,.,,..-.-




               ..


                               I
                                                                                                                       ..


                                                      AUUClUJ,!     5


List ot p;,,~.y~ co:r,ponenlS and 11c11vi1i.:.s proposed to be linancc:d under Haryano Power
System lmJ:J\.'l!,11c111 • i 1bJ1 l'r,1,ecl - OIIRV•I


Compon~nt II: U1:11ri1:>uuc,o Syswn S1rc111:1henlng (S 117,SO MIiiion)


I.      C."t•mporc,11     ,1   r.:IU4t5 "" ,stmcnts       in   Urban areas oi Dadri, Gurgaon & Faridabad
Towns r,~- ~tr<o~tl,c.~••ll or distribution rnotworl<s by               \\DY   of bitim:,,tion / trifun:alion of
ovcrloadcll 11 h. \ lcade1'> a11.l cr<cling High VollDge Distribution System (HVDS) in
unplAm,.,,! •"""II• Mc,.s not 011ly t& 1mp,<we 111.: rdinbilil)• 11f power but also to cum thcfl or
clcc1ru:it~   Jh,.i 1     ,. ,, ::,~\,;~ 1m .~   T&C l.o..,~. Thcr: i_; another project on Automatlc Mc.tc-r
                                       -,, 5LJC~-of-1hc-wt metcr,ng technology will be lncorporared
Rend In~ 1,.. ', il un.i-,, .11,lch Inc~
into the >;31, 11. uu      1:1<   ....:o,tsumct meter will b<: rvad ~Ulonuuically and communicated 10 the /
utility's ac~.rJ111C<! ,:unn ,1 rll<>m II will ,1--1, ;n monitoring the electricity usage of key
consumers ,, ,\,        ·~r,,u,:.   lh:ir r•-mpnmu,~l> ,rriull'Qt number. ccntribute considerub1y in
revenue ,uU..:ction.a ,;f the Nagum.
2.       1 he .,-,.~iii~ ,11,.:.,uncnlS have been idcntiticd based on the system 103d now studies
carried ou, b~ Ol ltl\ )J "hich :innlya-s gromh in load and future expansion over defined time
                                                            tem losses and increase the eap;l(ily
 periods. These 1•r1t'l'l1y mvc.tmcnlS will reduce ovcmll sys
 oflocal u1,tnbu,1on ,..,1,w,-I,. 10 18.lte u11 .ipcvm,r.i: loatls III cxislins as well as proposed areas
 of gro\\ th. A,I lit< 4 11;,s. uf pr<ijtoo.15 will be implemented lhrough in1cgn11ed turnkey suPl/ly
                                                                                                                   /
 and lnsllllla1i,111 comracis lnv()lving laflle intcmutionnl/nnlional suppliers. Then: an: two broad
 caregories or nro1,-.:1> -one for up-grodotion &. stn:ng1hcning of dlnribudon networks in Dadri,
 Gurgaon &       L~HdAl,,10 t.l',,·115 - and      the olhcr for IT based AMR system to be impl<mcntcd on
 all the LT ~on,umci,, tmvin~ n connected load ()f 10 J.:V nnd above upto 50 KV across the
 utility. Thml·f•'~ 4unllty ~upcrvb!nn corl<Uhams have been engaged by the bormwers to
 ensure cmcienl pr.i1ect execution a11d inspccuo«, as per contract specifications.
 3.       A total ul I 1>,~"-'igc, for S 81 SO million have been identified, of which S 70.00 million
 is tu be finance I b" 1h,: Rnnk.


 Componon• Ill: Tcchnlt.-.11 Asslsl•ncr uru! C•puclty 811lldlng of tnn,miulon and
 dlnribu11un eom11nnl._,, (S 10 MIiiion)


                                                               I~
4.      Substantial Technical Assisu,ncc   CTA) b required for cOi:cthc ir11plcmcnL~tion of the
proposed project and to support institutional dcselnpmcnt, capacity bur lding und governance
improvement, The program of technical assisumce fecuses on the broad theme of "Internal
transformation through process imprcvemerns, use: oftc.:hnoluS) o/l'J <'ri;anillltil'nal changes",
Consulting acuvuies (dingnostrc studies ond visit>n work<hup,, .:.rrrr<d ,,,u uunng project
preparation, consulting services and training programs under this componem 11 ill be used to
help DHBVN realize their vision of'becoming "the best Indian p011<r d1stribu11on company in
the near future" in its domains,
                                                                                                     (
                                         ............




                                             15
                                                                                                                                                                                 -,
                                                                                                                                                                                 I


                                                                                          All•,•hnicul 1
                                                                      c,1mr,"'drlon ~nd Sur ofS•mpk
                                        ti ill 111• scparuccly rer overnlt review as 1,dl as unit-wise)
         a) R,.tt;C'\\             ,_,r f"f''11"HC'I~
    Ca1c,;,.r.                                    '    .        ,..,.. {i.,<1..·                         c, ..iux.1/or nvtr                                 Toto/

                             -                !        .,                                          \'r               ,.. I "'                     No.       ,\'o,
                                                                                                                                                                       "
                                 t1,•r,   f   ! ,r, t-~rJ                  R<,'k,u,t              uo,ra       ,•<11th rd    t    1':Vl<V'e       ,,vwd    ... -1    rrrkt4><.d


                         --·-
                                              I
                                              I                                                                             I          "
ICfll   un                                    I
                                                       -                           ..             ICIJ               01               100%       ICll       01        100!.
NCU                                ..         1 •
                                              '        -                           -                -                   - '            -          -          -         -
Shuppin~        I

quowlon,                                          '-        -~,...Q:l!'I   I!                               '- )C   :ii,pl1~bk               I Nor ;ppticublc
nc
Fnrcc ,\t.."f.\."'..
                                                                                                                                             '
                                                                                                                                             I
oc.:ns
ORS                                                                                           I
FBS. 1.c,
CQ~
                        ..                                                                    .
NOO                          I
SSSHrm                       I                                                                I
sss                          '
lndMdwal
TOTAL                        I          -
                                                                                   -               Tr.F


                                                                                                     .,,'
                                                                                                                     01      I        ·~          ten       01        100!~



                                                                 Contruct Ile-, it"                           ' No. of Plrr:!cal                      " /mpfcllon

                    I                                       I
                                                                                                                    J,1sp,.•c,i'VJJ
                                                                                                                             .
                    ~                                       '                           01                                       01               I        20%
                                                                                                                                 -.
                        o .......                           I                           -                                                                    -
                                              r11i.,i       I                           1)1                                      01                        ?O¾


                                                                                              .. .                  .
"   -
    \
                                                   At1•cbmc111 J
          CHECKLIST-I: PROCUR£MENT REVIEW OF GOODS/WORKS <"Ol'<TRACTS
           Oatc or Review:
                                     Name or Reviewer: Ml, K. Bh:i.<ln &                             r.
                                                        Associates, Chartered -\oc~11111n11r,,
                                                        C:haodfg:irh,
            Contract No. and D~rc:
                                                       Conrruet Amount llo INRJ:
            Work Omer No. 297 &2                       Suppl~                                   Rs I 18.27Crorcs
           98ISE/P&D/\\'8/l)H/2009/G-02R               Erccrinn &
           dnred 3.07.2013 or the Risk & Cost of      I Dismnnrlemcnr                           R,.             l!,9l rr(l!J:<
           MIS UB Engg,                                Toi.al                                  ft,. I !7.12 C. rnree
           Conrnu:IOr's Nnmt And A,lclr~<: M/<. Shynrn ;;;;;;.~ nnrl flnwrr °'"l1tt1nr,,. ~'tn Oelhi.


           Supply & lnsu1Jlu1ivn ufnew HT Linc for 11\ILJS Ill MS, fccde~l :i,1J ~~,1cm Strengthening
           (Bifurcn1ion of Overlcnded 22 nos. 11 k\' feeders and S<grcgnti,1r. .,r lndttsirinl L1;1d from
                                                                                                'II
          Mi~cd Load Feeders) under jurisdicrional area ol Gurgaun usmtt .t.cr:al l\uncMd Cobll!c
          ,\CSR us per sire requirements.


        PROCUREMEI\T METHOI>                                                    l('ll
        CATEGORY
                                                                                -.1 ouxs
                                                            I N~          scriu.._,      1kv,n1,on,                :,l,,c1ved    in
          Summary of major deviations found                 'prlt(ure.n.nt               ~--~,.:·,              i:\ tl«i ' works
                                                            ! .:\t:ilrJcr._
        LIST THE ISSUESIDF.VIA TIOI\'


         Is ihc procuremem in line wilh ih<=" Yes
         Procurcrnent PIBn
         Procurement          Documenrauon       F:Hng l~-lxcn :.!Jnc             r:: ;p_rt. ~-.,~ 11!! :m.· rdcvnnt
         (Filing)
                                                detail; irn nh•ing rni.~'<c, fmn, Hoaring nfhids upto
                                                the   ,\\\.15rtJ    of    lC'ila!t . • !\•(11;1           l.!'g&rJ•ns process.
                                                [lppnwt·1          a11d    Jt·...-.,m~   1trn,r,1,         ,,     ,   ,~l1\~d    in
                                                All11~bn1•nr .-\ ,




                                                      17
                                                                                                                             I


Details    ,,r 1: ,··.       •r "· ' J,i(:umcnt 3icd!n.; Dceument hl1S been prepnn:d as per World
used,,~:      l:011{11.       • ,--.t<-:r-v~,j             3cnk 11u1.idincs and U,cr's Guide of World Oank for
                                                           ?ncur:m~nt         cf Pl11n~       Design,   Supply and
                                                           ins1nl~11ion: Nu mnjor deviations hove been obscrv
                                                           froo, the standard bidding Documents.
                                                                                                             ~          /
Pn:ip--~l 11~ali!ica1 ,,,n                                 l'o~\ ('llllllifknlion
Dctllib ofEsli•t!',                                              jma\c is for Ille amount of Rs. 127.22 Crores.
                                                           The c£'
WM the i:hst cLl·mar: ~rtftOrcd nnd Co~I l$!imn1c
                                                                         '        ~
                                                                             \\'ti.   prepared before Ooo1ing of bids
. docs it ;m, l•k              1aih lll.e when opening. 11,,: t:S1inm1:5 arc; being prepared on the
prepared ~d b'.l!!! tir prcpmilim                          !i:i.si~ uf!lrc Price !isl circulated in1crnnlly by DHBVN
                                                           /cl,e o:k~ for individua] irems arc being worked out          ,
                                                           ,in   the txssis of purchosc of mn!erial).
Advcrds,ni,.                                               Bid;; have        h:c:n IT!Gde 1hrough        ln1crnn1ioMI
                                                           ~:":n;.:~!ifr,c 9idding Process and tlosted in the
                                                           nrnspopcr. (narlonnl and local) and UNDB.
Bid J;l:nir.g & rmmnes oi bid ilids were opened on same day 115 Indicated in the
opcnin~                       Comgendum issued for extension of the submission
                                                           and opening of the bids. Minmcs of bid opening were          I
                                                           prepared nod also sent to lhc World Bunk.
 Bid sccUrit}' rt!(' r..r,
                                       -                   Bid Security records have been malmalned, Bid
                                                       j   Securities were returned lo the bidders immcdiruely          I
                                                         ancr the signing oflhe conrmc1 egreement,
                                                       '
                                                 verify Bid evaluation repon w115 prepared as per Sillndard
 Bid      c\•:,lua\11111        'an m,                                                                                  I/
 existence      01        '110.,--   List b•ddm I formms or the World Bank nod has been approved by,
 (nam«, :it) ..:<.. _.Y
                      -,,,~. pr,:(').                      th< World Bank. The List of bidders (name, cily,
                                                           country. and price) were checked and found in order.
 Wl1t1hcr 11!c Detalls or Con1mc:1 Details of Contract signoturt, delivery details, were
 signature and delivery dc1nils are the checked and found as per provisions or 1hc World
 same BS 01 the 11111( cl btdlling CIC                      Bank guidelines. Yes, Ille Provisions of contract ore
                                                            same &5 nl the lime of bidding etc.




                                                                    IS
Reference     10    Bonk      ond   .. no Checkllvr on the \lrul.lJr,t r.umoi f the World Bonk
objoaion, - if 3ny (nol required         ";i.t   prcp:ucd and s.:111 i., Che \\ orl.J Bnnk for issue of                        C
under Agrccmcnl)                         WBR Nu.
                                                                 -
Advance paymen: guarantee dctnil( Submiued b} Mf';                          %\'Ml            ln!lns ~nd Power
and records                              Solutions. Nc,1 Uclhl a,                 ·1• '      .
                                          HG llr,~11•
                                          BG     no. 1495/1.G/49 2/JIJ Jc                        fl I 08.2013 of Rs..
                                         89.S I. 1751• ond
                                          B(i no. 149SILG50 ~OIJ J1                              1)1 tlR.~011 of Rs.
                                          I 0. Q<i. •N. Qd01-.
                                                  --·- -
Performance sc,urit} details and S11b111i11cd by Ml                          :>h~um l111Jus nnd Power
recoeds                                  ~IIIIIOM, Nt" Dtl~I
                                          IIG D,'11,11~
                                          RG n,,. 1)007UGOOO·M2 I 4                       dL 24 05.2013 nf Rs.
    .                                     7,1Q.IJO.llll0 •
                                         ~(i O\'

                                          1.84   r.vn,.
                                                       l,IQ5•1       (1 • < ~ij
                                                                                   ' ,.          _ I 115 :011 of Rs.


                                         !3C, no. OOOJGMO I ' 1 ~vlki 1                     :11    .4'15 ~?13 of Rs.
                                          I.~,;~. 1•1 II-
                                         BG no. OOOJGMOI 131~0001 d1 1,1.os io 13 of Rs.
                                         8-l.'1., :-
                                          ------------                        .             --
Protests & O!llcr mauers                  -
An}     indicaw,    of spliuins      ur 1 urnt.c:       Cnn1r1tb            bu1       h11t1n:~1cd            in Supply.
purchases                                1
                                             '1Sl!ll:i~•t', ond Oism.Jntlemc:rt
\Vu.> Che price nci;ociutcd              ln \Vodd BMI.. furulcJ PruJe.:1,;. '"' r,-o, ,,ion of the
                                         nt:1lOfi11l t'W'l.i: c:~iSl5. f-fcl"Ct! rncre \' "~          ,w:, IIC~Oliation.
1\c1113J completion d!llc                 ~.!O   n.-,, rrn"l          ~th·( ,, -:          ..     ,. ,, ~h    C' pirc"   on
                                         o, 111 io1 < lntc"m '""'" C"\lro,i,"' l','l<i been g.i\•cn to
                                         •he tirm up1c- 'I.I               -~·'           inrl    \\t'"',    4i11I}' S1nnd.s   /
                                         1·nm11;r1ot ,I'- nn l I        17 in11
                                                                                      -----


                                                  ,n
                                                                                                         '


Prc·<fop3t~ii
                -- - I           .1..Jisp.i1d1 The ln;p«tor for cnrrying out the inspections is
insp...,
      ~i:.-m                                   Jc;,uted by DMBVN on the request of the firm nflcr
                                               apprevul of type test and drawings, In World Bank
                                               fund<!! !'~Jjc-;ts, Third P111ty lnspcctiun agency MIS
                                               ~I-Ar< Conrulting Services Ltd. have been deputed
                                               for carrying out the inspection. Anet receipt of the
                                               inspectiun rcpon end nncr checking by the respective
                                               ~"'Jc.:: M ~1111gers, the Dlspatch ,\uthoriz.Dtions are
                                               ~,,. ,.. cl

Documem- f,,, tlct!vc,i completion I MRC for material receipt ls being issued by the
                                     re.<pc:1•1ive Projc;:;1 Mnnugcr afler receipt uf motcriul ut
                                                                                                             ./
CIC.
                                               site.
                               ---   ,,. ~"~   r,..n,r,-1•1 i~ still under process and damages, if any
                                                                                                             /'
Liqui-101<,I
enforcement ,
                 '     -
                     t,. ,,11                  will be enforced tater on.
Timelme» ,,f 11J,•11cn1>
                        -                      The i,aymcnlS arc released as per 1cm1S & conditions
                                                                                                         /
                                               ofll',c Ccntrnct agreement.
 Complinncc ,, '•r • ,. :4· ;rovis1nn$· Yes.
                                                                                                         /
 Yes or No t' ,,,          I
                ----
                  •. t
                       . -·                     During ,erilic.11ion, we hove nOI found any case of
 Indicators o
                                                Fruud & Corruption,
                                                                                                         /

                                               ••••••••••• t
                                                                                        ,




                                                             20
,-
                                Chcckll;t • ~ : Ucpon oo Pbyslc•I ln<11cctlon

     Procurement item no                l'uckngc- WB/DIUG-02 (Gurgn<1111
     Lccarion                           Gurgaon
     03lc of visit                      03.01.2019
     03tc of contract                   Oj-07-2013
     Comracted completion               540 D:iy; frum ctli:t\l\t J.itc                  h ,\: .. ,-.   ~"pin: .. rn 0~01.2015.
     dnic (original )                   lnterin, time extension hns been gl\::,                                 I,     :tu: :irm up10 /
                                        31.1:?.2017 3nd worl dul) S!~d~ ~omple::c! :i·                               :,n 11   I~ 2017.
     Aeruat cornpterlon date            31 11-2017
     Con1rnct value                                    ,,
                                        INR 127.22 Cro,-
     Fin31 eemmcr value             I   Rs 112.81 crores
     Supplicr/Conlmclof                 Mis Shyam Indus and Power Solu1ion~
     Arrival dote al pon                Nut ,\Pf1li.:.tblc

     Arrivt1I date QI proj<~I       1 \';ui,llh I'- l)IC vi llh1.e1 UI        hum u,ui        I\' woc ·" 1<'            Pc,, U11tn
     si1c:/wa.rchousc                   ar,J r..:qu1r.:a1.:n:..-, .:.: :h-: \\,,r:i.:.
     Scope of work                      Supply J:: ln;:~llntion of ne" 11 r Un, t',\f l: Vl)S C:~2 nos.
                                        fec.krs) and S) stern Swng1hcr1111s tE111urca1111n uf Overloaded
                                        .!l n,,,. 11 ~-.· FccJc~ nnd ~grc11-11tnn of lnJunri,1 I ,ud from                                   /
                                        ~ti'Ccd I nad Fecdcr'o\ under Jt1ri .... ti~::on.,I :,r.·:1,--!"fi11'"?n"n using
                                        ;\c11nl Run~hrc.! Cables, /\CSR ~ ;.,<:: .rtc :~, 1.-:n ..·n~
     Mnu:rillls (supply nnd             \ft.lt:n.11  a~ C:fln~1gnol :111he wr,k• i.tlcr in,~· h n of the ~me.
     quality)                           The-     lnspcctin;, on•cc.: \,lJhtltiU ib IC"t-"~ • 1!11 lt~l\l 10 ilS
                                        qunliry .:111d confirt111Hic,n wilh tih:' i.:.:h, i• '111 .:~..:·. j·i..·rit\m Thl~
                                        repon ,s further strutiniicd b) :1:c rur;~.~ s~1«:,n and only
                                        nllc· thaL        th,:   m:a!crilt ·-.. :-u•'-rri;:~            1   ~        . --r·.1r;~:J DI the
                                        ".\l~   h;l<irr
                                                                                                                                            _j
     Workmnnship quality                                          -   ------ ----
                                                                               ...'"'p::tl.": Pepon
                                    l Workn,onstip Ounlil) is n1 oer ·te:!1,'ccl                                          -·          or
                                    I DH_RVl\
                                                                    ··-·                 ·-- -~---- .... -·-




                                                                 ''
                                                                                                                         I


ConslrJ1,.1;V       1   1·ct\ ·   ;ion       ,::unstructlon Supecvision i511nder the charge of Superintending
                                             ~incer1cor.:t !!'s.!l'   (11   pr-:s:cnl Sh. \"ikns Malik), Executive
                                             \:11ti11ccr/\\'Jrf:s Guryno, (at present ,Sh. C.S. Jakhar), Sub-
                                             ,!i\•lsi<'nal nm~sr, rr,ijcct Manager, 1\ssisurn1 Project MaMgcr
                                             & Junior Engineer.
Derk i'""·' 'r-;:'fl,.(,•,)C:
observed
                                             No ddkicnciesl defects have been found.
                                                                                                                     V
Timelincss UI       r,• llllCJ\IS 10         t'nymcnts tu 1!:t contracters ..re being released as per terms and
contractor
 -
                                             conditions of contract agreement
                                                                     :               . basis.
                                                                              on timely                              -
Conunerus and                                Nil
recommcndmlons
Spcc1a1 c~1mer,1< vn                         First aid box \\llS avallable l' work site and found to be alri&h:, /
Drugs' n•, .. 'T1!" . !!::ti'                -\~ r::i;nrds is jl~tbgini;. :1hy•ie!II ca11dilioos. availahility of
s11ppll:<                                    ~·.lllli!y eertifieaucn, ~xpiry dn!c~ ere arc concerned, and as such,
                                         1
(p.1ckngi11g p~1~ :..lcdl                    rh~rc ere no special comments.
condhiuns, evnilobilit~ ol
quality ~cnif-,;:ition,
                                                                                            .
cxpiC)' dates e, ·,
 lndicntors N ~«C                            No such indicaiion of Fraud & Corrupti<'n wen, found.


                                                     ••••••••••
......
                                                      Allacb111cnl 4
           PkOCURF.HF.NT COl'ffROLS REVIF.W
                I.
                                                                   I
                       Has n manual on procurernem Mauunl on l'10<urcmc111 Proeeuure has been
                       procedure ~n prepared and i, ii 11ru, ldcd b, tltt \\ or1d lhnL Pn-..urcmcnis ore
                       available on site? lf no. dcs.;rib.- ho" in uccordance ",111 .i1c lo,J """" ~,u..~du,es by
                       Lhe   procuremem       procedure      ,s 1 \~urld Bon~. Smee these 111.,nuJI, ore for the _
                      guided?
                                                                       internal usngcofDHBVN. therefore, rhe some
                                                                       have o,n been hosted on 1hc wci»ir,.
            2.        Is the s111ffdcdic4rcd to proeurcmcnr? Ye~· DHB\IN ha, crCJ1ctf a dedicared branch
                      Describe. the procuremem            sraff fr,                 ,fc,Jin
                                                                                              0   ~'   \\   ,        fl,,,,t         d
                                                                                                                                 funde
                      arrnngemems,                                     prxuren11.:1il pto1h \r1I~ TJh: l -:,n~h , lmprisrs
                                                                                                   1            1                          ('
                                                                       of Onc·Supcrinrcnding Ene:inccr.                 T'"' nus. of
                                                                       E.\cc111ivc l(nginccrs and T"" nos, of ;\EJAl:E
                                                                       hc,i Ji:.., lhc ,ut... uotfnJt(C ,uitf l tu" Imm-ch is
                                                                            1




                                                                   1c,.1.,,rc,.r
           J.         Docs    the    swff    hnndling     the Three nvs. ,,ff;•.• :~u,c Ln,;ui,·cr~ an,! two nos.
                      procurement     have    exposure     or of Sr ,\r.r:oont,. ('nir~r                            r1.1;ted    in the
                     training rcllllcd to t.hc procurcmcur! Procurcrnant sections h:I\, ~ftt,1d•, undergone
                     Describe.                                     lrnming ot ,\ .:1nHnistrn!h·,..
                                                                   !1 '1cr.1'1... j
                                                                        1




                                                                   M:mn .!cmenL rm ,J~tuu.J m ;. "U9.f\ 21109. July
                                                                                1
                                                                                                                    ~•uh       L.oflcgc~
                                                                                         ;,n 1 '11 m d h"; un , '"If J'inanci.nl           <
                                                                   W09 nnd I' ugust 10ll'I. During the year 20 I I·
                                                                   I:>. two ,\c,:,>unr~ tlfficc~ hnvc al~t' 11111krgonc

         r-:-r.--;--=-=--:------~~--=--·-
          ~-
                                                                         -- . -- ...
              Is the staff handling the procurement Yes. P· .>curc,.,,111 :101iw c, n •\c 1--ct-n handled
                     aware of the agreed procurerncm           t-, tire f''\..;u1,·1· 111 ,1.:tl "" "' ~1111k ines and
                     arrnngernems     for    ~,c   J"OJC(t" the •~lfha• n,t,.111 ,ntl,oit.in•'•r·l) 1,J the World
                     Explain,                                  B,inl· ~ui1!clin«
                                                                                                                    ·-··---




                                                             2.i
                                                                                                                                                I


S.      h ,1ppii.,1t•la. lw •• " ll,!.,ar11raf11:a~ WQrlo Bank Loan is being monitored by the
        i"'''"""'"""'                 monu,irc~I                   by      1h..- State Government nnd the ccn1ml Govcrnmcm
        •JC"-~.           1• •. ~.,1,~: .c.,, .. , 11:01 ilu, u-., "'~ula1 b:lsi,;.                         The Risk flogs ihny nnd also
        ,Uh~ 1c-,, ,,AAUl~Mcn1. \!Jle ieve 11, th, 111ili'l.l1lon of funds under the World Bank
                                  "·,t,                                  level      1•:-c.:ur.,,nc,11 are being reviewed by the
        p:ocurci1ttut ~,d ~ 1.,ttJ.                                                                          nirs. Go,1 oflndiu
                                                                                    !kp;snmcnl of Economic AO'
                                                                                    ~lun1wi1h        the      represemative     of    S1111c
                                                                                    Governmem on Qunncrly basis•
6.      ..- ••• b           wm1•1t1c "'" ul .:on,r.ic» Y .:s. coarplcte liia of contracts is avallable. his
        .;.,u:d u ..ulab,e'! 1 IM ,.
        Jf"'l\.J.              b 11.0,,,,.-~.,uo'.
                                                                   1,cp1 ,..,,,,    u computer generated document updated
                                                                                    regularly and I.cpl in lhc relevant office lilcs.
                                                                                                                                                /
7.      \'. t-"'1f,.._1 .;,...            .,,..,_wlt.llh .• ,t         .c.@,.;,J    Y~ Jll pr~Lnmlcnl related documents are
                                             -1 • ..:             avn1l.aoi...      nv•ilablf ~~1cmn1iailly and have been SIOn:d                    I
        .)
             0
                 ,.J,.:.!l'_j.:::!t)"''
        o:<J4.:u,,...11 .. ;w1 ... lmr.....
                                                                             ..
                                                                            -··
                                                                Ul)':11.Mt., .. ~
                                                                                    ir. s.tfc plll!c. !\ II original

                                                                                    li:~pt
                                                                                                                       documents arc being
                                                                                             ~·-pn.:a:t\!•Y in Steel Almirnh. The store is
                                                                                                                                                I
         11.i..:1~.J-m, OIJV'I• .1\.Jti~tllt;                                       hCAdeJ by      UJl   authorised person.
8.           1/11111.        111lt::11wl           .,1,.,,.,,. nb           .,., /,pprovnb. wherever arc required                    in   the
                                              ;r,or                  invit1n11 complete proccs:, arc indicated in Aunchment-
                                                                                    A.
                                                                                                                                                I
9.      Wht.:            ,11t,=I      .nd ~-'"''"";                 ;1UU11u1>       \Vu1ld !lank has started loan disbursement in
                                                                                    FY 2010-11.
                                                                             '
        pr.i•.ur<a:c,1< prcci:Ju·,,?                              tr    >J, Jt      Extemal Auditor has been appointed and has
        whe; 'r:<;11:nc} '1 Wh1 ~~rc,cts oflh: re•. iewed the Procurement on n yc,arly basis.
                                                                                                                                                I
                                                                            are 11,c Review has been conducted keeping in
                                      Th~               -cpu:"!        of 1hr view the intent and purpose ns outlined in the




                                                                                                                  -----
         .udilr;;. ,h.. ulrl Ix • .- ••,,d luc this Terms of reference provided by OHBVN to th
         puf11 •·,                                                                  External Auditor. But no internal Auditcr has
                                                                                    t,,:,:n appointed till dare,
 I 0.        If intem •1 and c~tcmal .111.lhors l0vl,. Ycs. proper action has been taken,
         into 1he compliance of procurement
             rr•~.:cdur~: \~htl\                 hill      1•    lif ;,, I •JOS



L-..L---------- -~---------------'
. -.
       11.   Is there          o    procurement             relarcd I Yes. complain1,                 ,n:   bc:1ng 111on11on:d b)
                                                                       I
             compl.1in1 hnndlin11 sysrern in the dedicated l'&O Wing •>I DIIBV"I
             ag<ncy? If yes. how           lire   bidders mnde
             aware of i1?
       12.   Docs lhc agent) disclOIC lhc btd Ye,, de1n,r,,1 l''<•l•·' ·, hJ                                      t-0011   lllhlcJ on lhc
             opponunilics.               put      the       lender \\ch<itc          \l,,,._.,       '""''"!: T~ntlrrs       (NITs) are
             documenrs             nnd     coorrser         award          uplC\3dcd on the websue , c """ dhbvn.org
                                                                                                                                               /
             infornuuion on iL< website? Wb31 is ~lnngwi1h lhc hiJJtn~ docwnc111,
             the web addrc--s?
       13.   Are         procuremen:              11lru,,        31..t Ye-        the ,,
             subsequently upduu:tl procurement l'ro.:un:mcm l'Lsn, ••• .1,J1IJbk Prugn:ss ;,.
             ploM avnilahle? Ho\\ i, rrogn:<S mnni1i,rd ~, ": 1'1.rcha:c ~ecu,,n                                                 r•lon.< ore
             being monirored agnins1 1hc pion'! If mode '.o co-nr il-'a the rcu.:01e:,•1cn1 ac1ivhics                                          (
             there   lire     delays, what mcu;11rcs ore within the time ..:hc.lulc 111cn111meJ in the
             being 1n\cn 10 co, er the <lc!J~ ,,                           i'n~Ur 'IH~nl (11     f


             Arc         pruc;urcmcnt             urr::tnb,+:mrnts P, ,~rn:;;11 , .. 1:,~,r~ ;;- ;; rl l' ,, mg 1Jtc \Vurld
       14. el'fici:nL i c.. how ihe price did B~nk !1,Ui<!slinc·
             ob!nincd compare with the ?rices for The c~htn:ilc\ ;,re bc10:; pl<Jl•r!·J on the b:1s,s
             same items on lh= mnt\(<1 anJ \\hDI                  t$       tll 1he Pncc h•I c,·:a1J1eJ ·••c-n 111) by PD&C                         (
             1he procuremcn; process duration                              \\in~ 01 D~III"' fll>c               rMc•   1i,r individual
             Sinulnrly. for consuhing services, item, ,•, 1-..                                              J          n   111     t-3sis of
             what is the average dumtinn                    01   the purdt:1s-: ,,, Iv      '-'- n..J.1,:•i.:lh

                                          <
             setection process. nod. what L                      1ht       Ir, "C-;pccc nr rh.: P,I'~'(~'' tc:1:uir,: to the
             <1unlil)'   01   services obtamed? Whnt Con~ull!lncy ,~,,. ice+. r.1ii~1 ~•· of conuacts
             were the causes of di,cn:pln<:ics in ~,nmf n\\Urdl~J
             the above?
                                                                                                                               I


15.   I~ 1hu.: separarlon or u11:ics bc,iwcer, There i, n <cpumtc secuon for the Procurement
           • ·inu,                   •iui.     "          , i,    ~hkh       1•     being      h~dcd         b>·      Chief
      ,nd,r.•it•, re.,;                            • ,,ncnl Enginccrll'.::i&C.: who is looking alkr all
          ::-••' t!''t;   ,im~ 1.,, I ' .., ;m·l·t.,~ flow procurement               relered    nctivities         including
      ,hall dti,:u1nC11tiJ1g tr.c 111,11;urcmcnl. p.-iymenl etc, made IO 1hc contractor, The
      1,u:,~.             ui       ,;.JuL-.1   services   und uernilcd precess since incepticn ofwori. 10 the
      ria)mont,. pio;c;, ino,urling the complenon is ..it.scusscd ns under:
                                                                                                                               (
      >Cl!-"Cf',l\•wO of ,lu,,~ .ul<I "'"~~UOII>                     I. lm:.cplion or work by the Plnnning Wing
                                                                           •J,1 ,~ basls of lo:td Iluw ~tudii:s :tnd
                                                                           other informnilon availnhle with them.
                                                                     1.    I hen, oiler receiving the approval from
                                                                           tht: olnnning "1ng. fc:nslbility study
                                                                           •h•n!!with the preparation of bidding
                                                                           "~umcnLS is being done by the office
                                                                           ,); C.'hicf Enginecr/P&D.
                                                                     j_    The 01dding documems arc no.,icd by
                                                                           1.>StJc of NIT and thr contract is awarded
                                                                           'o)   Clud Enginccrll'&D.
                                                                     4. After award of contract, the financials
                                                                           vi th: contract are being dealt by the
                                                                           001cc of FA&CAO (PO&C), OHOVN,
                                                                                                                               I
                                                                           Hlsar and the execution pnrt of the
                                                                               ,cts is being looked after by the
                                                                           Projc
                                                                           respective Project Mnnagcrs appointed
                                                                           especially for World Hank funded
                                                                           ProjccL~.
                                                                      5. 70% of the payment of supply ponion
                                                                           in World Bank filndcd Project~ is to be
                                                                           made through opening or LC.
      I
 16        •   ..:;;:~     ,..,.    ;I                            A.s the works arc still      under progress. us such
                                                          c, 11   Jdu:,, <t••• have nol been worked out,


                                                             . .........
. -..
                                                                Allurhmcnl A
        STEPS INVOLVE!) FOR PROCUR•:ME/1.T OF WOHKS IJNUER WORLD HANK
        FUNDED PROJECTS:
         Sr.          Adhiry
         No.
           I.         Procurement Pion and lisl of packages
                                                                                 -
           2.         Preparatlon ofhidding documem
                      Receipt ofOOQ ond Tc~hnic11I pc;~ili.:.11,ons from Oc,ign Wing
                                                                                                                                               ·-----
                      Preparation of comntcn:i3I bidding doc,rmcnl
           3.
                  1
                      Submissi.m of bidding J.:-.:um<nl             i., \\
                                                                                     -     -----
                                                                                     IJ clo"I·
                                                                                                                       --
           ~                              cument from \• ,rlJ B-:~!
                  I Appn:wnl of biddin;; do
           5.         Floa1ing of bids
                      Publication in press
                      Hosting of IFB on wcb<ilc
                      Forw:.rJin~ the IFB w \I urlJ !l:mk for ~,,i-Jo:011,e ,,: I                             '')"
           6.         Pre- !lid Conference nm Inter than 1hc clJ1< ;,,Ji,· itd ·~ t~.,w -~
           7.         l'rcp.,r:itkin   or n:pl)   of the       ,,.,.,b,d conference 1md 1ub111is•!c-n 10 W,,,1d Bonk for
                      No Objc-.:lic.-n
           8.     I lwc of c~rificauons :-:i bn!~cr- ,·.hob c                               (-'U,~h:i;,.,J   tlic !,,JJ,.,i; ,fo.umcnts oiler
                  I ~1111curn:n~-.: .,f the \\'eclJ 13:u,~
                                                                                                ·-----____ -
                                                                                                       -- .. , '. ' • .!.J· • .uJ time
           9 I In ease Cttrrigcndum i,; :.,11Jlfcll 111:                 :, 1-.: r ..        i• 1   1(1
                                                                                                                           .,
           I 0. ! Receipt of lender;         b} 1h: Su~~rim:r7i:-n                    ';J :\:   ':c ~ ,.

                  I Opcnini; of tenders on           1ha dole nm,tian,a in the bidding .I ..:um.r.t "" 1h~ dare
                      mcntion.,J ,n the Cl'fl'.gcndum l~ 11«·-,n1,llit1ec ,. ·.ir·i·fn;                                    t"   •tt: •.       .. -   H   .:counts
                  oifa:c~nJ .\l'E/\Vv~IJ Ronk              _
                1
           l I. I R«ti~, ('If Mgin ,, t,i I rrf'\!l,t·,1~ ''(HT              •
                                                                                        --
                                                                                       ~' =",_,.;,,,,     r ... · - Pnrrh ,,.!'."
                                                                                                                                                     --
           12. I EvaluJl•Cn °01 1hr ;i',n·h,<.- c:;-., 1:o; ,.,..                      m,i11- .- •n•:•1                     .\       "1 '\ ,.,11f         Bonk.
                                                                                                                     '""
                                                                                                                      0



                  I AEE/\\'"'"' runk ""'' ._, ,n,r- . ;,ulit
           13. Further. Evaluation of the purvhase                      =             b) the St,ve Purchase C,ommmoc (Sl'CJ
                  I   con1pri•i~1p;,f c1•nccm,:J CG\111>,,,n. ,~,;\I I',~ • \" ~ n                              .. ,.,r.,, r~n
           l.l.
                                             -
                      Rc~ommcndntit,ru: ~!' t'1 s,- ,u !!1c v:-..
                                                    1•                               -! : Tlme l'ircct ·~              ,ro11pv, .:•xnpri!ting
                  1
                      ofDif'C( 1nrT('Chni,~ t1     l'ir,•r-     ,r Po jr:t•          ,,,.    \I• 11,10•111,• n•r,•; I 1r

           15. R«(tmm:",t:.1iw1c ,,f                - t.,.,n.•. h
                                                           .
                                                                      1h1· ~ ,Jt J              ('f.,,        .. .    • '"JHP','·         1               ·-
                                                                                                                                -
                                                                       ,.
                                                                       ,.,
                                                                                                         I


     16       -\p~r~·.~I ni lln 1,u1cl1L<:: prc,p,;,;n bi !100 of DI IUVN
     17       l•rcp~M1k•1 ,,r •lie c••alun1io11 rcp,,n tn be submiucd 10 Wllfld Bank
---
 18 •\J'Jlf"''RI .,f,..,.;-,11n1,,.11 r~ rfrt)rn 1h;\VOfld Ban~
                                       P')
     19       Issue "iLO•\ 1nll1< liN IO\\Ci' o.eder Cln share rt'I ('1,\ the price bids ofrhc bidders
              are circulated 10 oll quancr concerned)
    20 ' ~;,nrn1f,:;,           ,,f con1rnc1 agrecmeru   by the l'&O \Vlns mid Pre-Audit by the o/o

              CGMIFk,\(P&-11) llHR\'N, Hi<nr.
          1
     21. Submts~lln ot ...,_rii,mrnncc BG lw the eontmcter
    22. ,,c~cplur.cc ul Ulf.Jl<'rfQtmun,c 3G                                -
     2J. Si~ning ot conlrncl ngrc,:mcnt wnh the lll\\C$1 L;;t,lc't' wuh'n 28 days of the award
              ,... icontntc.t
     14. Submis.~ion ,,fBC:, fur retease 01 't.lv~11ce payment by lhc comrnctcr

                                                  • •••••••••
......




             • •.f ... ' , ••   t l,o




         -




             ,.,
9'!wt ~,..,; ~i-;.;iii,iil ,r-;;i;; ""'~ o~ llr iiif ,-led·   ·"il
ll.M.*11                                                         l




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                                                                                                                                      u.-.• 1,,, th: mnrllh "' t1 ,. •11,~ l'lC;lfh.
                                                                                                                                                                                   "fl C'°'-k'. 010)

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               (lff-ll               MASAM      ·                          (/ no,              111,1 t                           "1(1                                                         ti 1\1                        uoo
               GH-!•                 C..1.h AC~IMXU                        o.w I               1100 j                            111 ..11   1.tlnli,$,,C!) 111       "                        ,, i,,        1 l.Bl.A75'o,7n
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