Empanelment of CA Firm for THDC India Limited

Empanelment of CA Firm for THDC India Limited THDC India Limited (formerly known as Tehri Hydro Development Corporation Ltd.), is a Public Sector Enterprise under the administrative control of the Ministry of Power (MoP), Government of India (GoI). The Equity of the Company is shared between NTPC and GoUP in the ratio of 75:25. The Company was incorporated in July‟88 to develop, operate & maintain the 2400 MW Tehri Hydro Power Complex (comprising 1000 MW Tehri Dam & HPP, 1000 MW Tehri Pumped Storage Plant & 400 MW Koteshwar HEP) and other hydro projects. The Company has an authorized share capital of Rs 4000 cr. THDCIL is a Mini Ratna Category-I and Schedule‟ A‟ PSU. THDCIL has successfully commissioned the Tehri HPP during the year 2006-07 and Koteshwar HEP during the year 2011-12. The Company has also commissioned 50 MW Wind Power Project at Patan and another Wind Power Project of 63 MW (30x2.1 MW) capacity at Dwarka, both in Gujarat, Dhukwan Small Hydro Power Project (24 MW) on Betwa river in Uttar Pradesh and Kasargod Solar Power Project(50 MW) in Distt Kasargod, Kerala.

Scope and Extent of Internal Audit:

1. The Auditor shall review the systems, transactions, sanctions and internal control of the areas covering Cash and Bank transactions, Loans, Contracts, Purchases, Establishment records both in F&A and HR, establishment expenses, other expenses, depreciation, provision of gratuity, ex-gratia/generation incentive, commercial billing & its realization/reconciliation, confirmation of balance from bank, fixed assets, capital work in progress, allocation of EDC (expenditure during construction) & IDC, mandatory spares, stores, inter unit accounts, books of accounts, Trial Balance, guest house, etc. 2. The auditors should pick up at least one system/ sub-system in each phase of audit & indicate how specific internal controls need to be strengthened in that area. Auditor shall also report whether:-

I. Guidelines issued by Corporate F&A Deptt. from time to time have been complied with.

II. Internal audit/ Govt. audit/ statutory audit observations of previous year, which are outstanding as at the end of the year, have been complied with.

III. Maintenance of EMD/SD/Bank Guarantee (existing system and suggestion to improvement considering CVC guidelines and procurement policy of company).

IV. E-tendering (existing system and suggestion to improvement considering CVC guidelines / Instruction issued by Govt. of India and Procurement policy of Company).

V. Tax deduction at source is being made in all cases, as applicable under the Income Tax Act, 1961, at prescribed rates and that TDS deposits are being made within the prescribed time and also that the unit is complying with all statutory requirements under Tax and other laws.

VI. A register of procurement of Rs. 1, 00,000/- and below, where no FC is required, is maintained by the Procurement Deptt vide chapter 7 of Procurement Policy. 100% check of such procurements should be conducted by Audit to verify all compliance of Policies and Procedures of procurement.

VII. The units obtain confirmation of balances under advances, debtors, creditors and materials in transit/under inspection and with contractors, prepare statements of reconciliation of balances with confirmation and also carried out adjustments in the Books of Account upon such confirmation/reconciliation of balances under the above heads.

VIII. To check and report the adequacy and internal control checks in FMS (Financial Management System – Computer Software) and scope of its improvement.

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