Madhya Pradesh Urban Services Improvement Project - Asian ...

Audited Project Financial Statements

The audited project financial statements are documents owned by the borrower. The views expressed herein do not necessarily represent those of ADB’s Board of Directors, Management, or staff. These documents are made publicly available in accordance with ADB’s Access to Information Policy and as

agreed between ADB and the Madhya Pradesh Urban Development Company Limited, Government of Madhya Pradesh.

Project Number: 42486-016 Loan/Grant Number: 3528 Period covered: 1 April 2019 to 31 March 2020

India: Madhya Pradesh Urban Services Improvement Project

Prepared by Madhya Pradesh Urban Development Company Limited

For the Asian Development Bank Date received by ADB: 28 December 2020

Madhya Pradesh Urban Development Company Ltd.(ClN No. U7 51 10MP201 5SGC0341 39)

(Government of M.P., Urban Development & Environment Department)

PMU/F&tu 9454To,

The Deputy Controller

Aid Accounts and Audit Division,

Department of Economic Affairs,

Ministry of Finance

sth Floor, 'B'Wing, Janpath Bhawan,

New Delhi- 110001.

Sub: Audited Project Financial Statement for FY 2019-20 for Loan no. 3528-lND

Dear Sir, Madam,

Please find enclosed here with Auditor Project Financial Statement along

with lndependent Auditor's Report of Madhya Pradesh Urban Service

lmprovement Project (MPUSIP) financed under Asian Development Bank Loan

no. 3528-lND for F.Y.2019-20.

Engineer chMPUDCL

D:\SACHIN 18.11.2020 MPUDCL\CA SIR WORK\Appotntsf,entAuditor.dod

Amarkantak bhavan Plot No. 5, lndira complex MP Nagar Zone-l, Bhopal ./rj2o11t :91+755-2763060, 61, 62 Fax : g1+7552763868Email: [email protected]

Date z<ltzl2ozo

-,,::.

AUDITED PROJEGT FINANCIAL STATEMENTS

MADHYA PRADESH URBAN SERVICES IMPROVEMENT PROJECT

ADB LOAN NO.3528.IND

MADHYA PRADESH URBAN DEVELOPMENT COMPANY LIMITED

(GOVERNMENT OF MADHYA PRADESH UNDERTAKING)

For the Year ended on 31 .03.2020

PALIKA BHAWAN,6 NO. BUS STOP,SHIVAJINAGAR,

BHOPAL, MADHYA PRADESH

Corporate Identity Number : U75110MP2015SGC034139

A. K SURANA&ASSOCIATES

Chartered AccountantsH-38, Nishat Colony, 74 Bungalows

Bhopal - 462003, Phone - (0755J [email protected]

lndependent Auditor's Report

To

The Members,

Madhya Pradesh Urban Development Company Limited

Palika Bhawan, 6 No. Bus Stop, Shivaji Nagar

Bhopal (M.P.) - 462015

Report on the Project Financial Statements

We have audited the accompanying financial statements of the Project - MADHYA PRADESH

URBAN SERVICES IMPROVEMENT PROJECT financed under Asian Development Bank Loan No.

3528-lND, which comprise the Statement of Receipts and Payments, the Statement of

Expenditure by Category and Financier, the Statement of Disbursement' and related notes for

the year ended 31st March, 2020.

Management's Responsibility for the Financial Statements

The Management is responsible for the preparation of these standalone financial statements

that give a true and fair view of the financial position and financial performance of the Project.

This responsibility includes the design, implementation and maintenance of adequate internal

controls relevant to the preparation and presentation of the financial statements that give a

true and fair view and are free from material misstatement, whether due to fraud or error.

Audito/s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We

conducted our audit in accordance with the Standards on Auditing issued by the lnstitute ofchartered Accountants of lndia. Those standards require that we comply with the ethical

requirement and plan and perform the audit to obtain reasonable assurance about whether the

financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in the financial statements. The procedures selected depend on the auditor,sjudgment, including the assessment of risks of material misstatement of the financial

statements, whether due to fraud or error. ln making those risk assessments, the auditorconsiders internal control relevant to the company's preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in the

BTTOP

002

& s

A.KSURANA&ASSOCIATESChartered Accountants

H-38, Nishat Colony, 74 BungalowsBhopal - 462003, Phone - (07 55) 2557268

[email protected]

circumstances. An audit also includes evaluating the appropriateness of accounting policies

used and the reasonableness of the accounting estimates made by the Management, as well as

evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a

basis for our audit opinion.

Opinion

ln our opinion and to the best of our information and according to the explanations given to us,

the aforesaid financial statements give the information required by the Act in the manner so

required, the sources and applications of funds of Project for the year ended 31't March 2O2O

and give a true and fair view in conformity with the accounting principles generally accepted in

lndia:

i) ln case of Statement of Receipts and Payments, Receipts & Payments of the Project for the

period ended on 31st March, 2O2O; and

ii) ln case of the Statement of Expenditure by Category & Financier, of the expenditure

incurred on the project for the year ended on that date and

iii) ln case of Statement of Disbursement, of the Reimbursement Claimed, Total Expenditure &

Borrower's Share of the project for the year ended on that date.

Report on Other Letal and Regulatory Requirements

We also report that;

(a) We have obtained all the information and explanations which to the best of our knowledgeand belief were necessary for the purpose of our examination.

(b) ln our opinion, reasonable books and records pertaining to Loan No. 3529-lND have beenkept by the Company so far as it appears from our examination of those books.

(c) The statement of Receipts and payments, statement of Expenditure by category &Financier and the statement of Disbursement' dealt with by this report are in agreementwith the records maintained by the Company.

(d) Proceeds of the loan from ADB have been utilized for the purposes as per ADB Loan /

sd&

i

Project Agreement

A"KSURANA&ASSOCIATESChartered Accountants

H-38, Nishat Colony, 74 Bungalows

Bhopal - 462003, Phone - (0755J [email protected]

(e) Financial covenants in the loan agreement MADHYA PRADESH URBAN SERVICES

IMPROVEMENT PROJECT; Loan No. 3528-lND dated 19th lune 2017 have been complied

with by the Company

(f) The Financial Statements including SOEs, adequate supporting documentation has been

maintained to support claims to the Asian Development Bank for reimbursements of

expenditures incurred and have been prepared and examined as per the TOR approved for

audit of ADB assisted Projects by the C&AG of lndia regulation.

For A. K, SURANA & ASSOCIATES

CHARTERED UNTANTS

Fir Reg. No oo2729C

Place: Bhopal

oatet 231!2l2O2O

(cA Singh Rajput)

PARTNER

M. No.406510

uDrN - 20406510AAAAEA1559

'BN002729cBHOPAL

&A

A. K SURANA &ASSOCIATES

Chartered AccountantsH-38, Nishat Colony, 74 Bungalows

Bhopal - 462003, Phone - (0755) [email protected]

To

The Members,

Madhya Pradesh Urban Development Company Limited

Palika Bhawan, 6 No. Bus Stop, Shivaji Nagar

Bhopal (M.P). - 462016

Subject: Management Letter

Reference: Project - MADHYA PRADESH URBAN SERVICES IMPROVEMENT PROJECT financed

under Asian Development Bank Loan No. 3528-lND

Sir,

We have audited the accompanying financial statements of the Project - MADHYA PRADESH

URBAN SERVICES IMPROVEMENT PROJECT financed under Asian Development Bank Loan No.

3528-lND, which comprise the Statement of Receipts and Payments, the Statement of

Expenditure by Category and Financier, the Statement of Disbursement' and related notes for

the year ended 31st March, 2020.

Please note that no manaFement letter has been prepared together with the audit report on

the project financial statements

For A. K, SURANA & ASSOCIATES

CHARTERED ACCOUNTANTS

Firm Reg. No.: 2729C

Place: Bhopal

Date:231t2/2O2O

(CA Vive ngh Rajput)

PARTNER

M. No. 405510

FRN

002729cBHOPAL

A&

s

Annexure 1

ExecutingAgency:GovERNMENToFM.P.,MADHYAPRADESHURBANDEvEtoPMENTANDHoUSINGDEPARTMENT

tmplemeiting Agencv: MADHYA PRADESH URBAN Da'ELOPMENT Co' tTD'

Name of the Proiect : M'P. Urban se]vlces lmplovement Protect (MPUslP) . ADB

Loan/Grant No. : Loan No' 3528-lND

STATEMENT OF RECEIPTS AND PAYMENTS

REPORT FOR THE YEAR ENOED 31st March 2020

As per our reDort of even date attached

For: A.K.SURANA & ASSOCIATES

Chartered

Regn No.

CA Raiput

(PARTNER)

M.No. 406510

Place: Bhopal

o"t"'e J

ln '000

For Madhya Pradesh Urban Development Co' [td'

(Deepak aagyatf/Engineer in Chief

Particu larsNotes

Curent Year

(2019-20)

Previous Year

(2018-19)

Cumulative Project to date

(As at 31/03/2020)

I 2 3 4

balancezaL,562 228,031

Funds received from Government 4 3,608,114 2,443,250 7

Co-financier 1

Co-financier 2

Beneficiary contribution (if any)

receipts (lnterest on proiect fund &

Remaining fund for Phase ll)

Total

23,449 11,625 44,674

3,631,563 2,454,875 7

2,6a2,905

lnvestment Costs

civil works

Environment and Social M

2957583.37 2,24r,0?5

Consultants

B.

Others

Subtotal

Costs

Accommodation

and Maintenance

130613 132.261 345,534

1 ,343

Others

Total

inancing

Total Cost

Balance 811,159 28L,962 811,159

TP.N

002?2s9BHOPAL

$tY

<t

&

DtU Zt]

Executing ABency : GOVERNMENT OF M.P., MADHYA PRADESH URBAN DEVELOPMENT AND HOUSING DEPARTMENT

lmplementing Agency : MADHYA PRAOESH URBAN DEVETOPMENT CO. tTD.

Name of the Proiect : M.P. Urban Services lmprovement Project (MPUSIP) - ADB

Loan/Grant No. : Loan No.3528-lND

Annexure 2

ln (lNR) '000

STATEMENT OF EXPENDITURE BY CATEGORY & FINANCIER

FOR THE YEAR ENDED 31st March 2020

Co-Financier GovernmentADB

Actual ExpenditureActual Expenditure Actual ExpenditureTotal

Expenditure

Amount YoAmount vo Amount %

Percentage

of financing

7 85 6

Particulars

7 2 3 4

lnvestment Costs

13_40 2,967,583397,656Advances, civil works, equipmenl 2,569,927 86.60

Environment & Social Mitigation 0.00

Consultants:

16,980 13.00 130,61387.00A. Project Management 113,633

B. Capacity Development

3,7673,76t 100.00Others

3,101,957418,397 0.00subtotal (A) 2,683,560

Recurrent Costs

Salaries

Accommodations

Equipment Operation and Maintenance

Others

Subtotal (B)

3,101,957418,397Total Proiect Cost C=(A+B) 2,683,550

t-61%10-35%% Total Project Cost

IIIIIIIII

III

II tt-96%

As per our report of even date attached


Chartered Accountants

Firm Regn No 2729C & As

CAV tveksin h Rajput

(PARTNER)

M.No.406510

Place: Bhopal

For Madhya Pradesh Urban Development Co. Limited

tD (Ama

Finance Controller

d(Deepak Ratnawa+

Engineer in Chief

P

rxll

T3l?:,1

Date ?3 DEC 2020

Annexurc 3

Executlnt Agency : GOVERNMEI'IT OF M.P., MADHYA PRADESH UR8AN oEVE|-OPMEI{T ANO HOUSTNG DEPARTMEt{T

lmplemenllnS A8en.y: MADHYA PRAOESH URSAN DEVELOPMEIT CO. LTD.

Name of the Prore.t : M.P. t .ban Se.vi.es lmprovenent ProJeGt (MPUSIP) - ADB

: Loan lto.3S28-|ND

STATEI'ENT OF DISBURSEMENTREPORT FOR THE YEAR EIOED 3{st Mrrch 2Uq

In (lNR) '000

State,nent ol Dbbursemonl Note

Current Yeaa

(2019-20)

Paevious Year(20rE-19)

Cumulatlvo Project

to dalo

lA3 at 3l03/20rf,ADB Fund clsimed du.lno the yo!.Reimbursement 6.1 2,583,550 2,O55,796 5,672,211lmprest Fund 6.2Direct Payment 6.3Commilmenl Letter 6.4

Subrohl (A) (A) 2,683,560 2,055,795 5,672,21'l

Total Expendlture m.de durlng the yGa. (B) tBl 3,101.957 2.401.343 6,642,369Less

Expenditure not yet claimed lclBorrowe/s share (D) 418.397 345.547 970.'t 28

Tot l Eliglble Erpondlturo claimed (8 . C - D = E =A) (E) 2,6E3,560 2,065,796 6,672,211



Chartered tants

F Regn No 29C

vek s Rajput

(PARTNER)

M.No.406510

Place: Bhopai

Date

For Madhya Pradesh Ulban Development Co.llfthed

Controller

(Deepat Ratlgratf-EnSineer in Chlef#

2 3 DEC Z0Z0

FRN

002729C

BHOPAI

Y

A & A

Er€curing Aa€nq : GOVERiIMEI{T OF M.P., MAOHYA PnAOESH URBAT{ oEvEtOpM€NT AND HOUSI{G DEPARTM€I{T

lmplem€nting Atency : MADHYA PI|AD€SH URSAT{ D€VE|OPM€ttI CO. LII).Name ot the Prolect : M.p. Urb.n S€rvtces tmprov.ment prolecl (MpUStp) - ADB

NOTES TO THE FINACIAL STATEME TS

FOR THE YEAR El{DED 3.tst March 2O2O

Lo.a No.352a-ND

1 P.ojcct .tur€ and Actlvltles

1.1 Description ofthe Projed

The nature of activities

The Overall objective of the Madhya Pradesh Urba n Service lmprovement Project is ongoing

efforts of the Government oI Madhya Pradesh (GoMP) to improve water supply and waste water

management forthe residents of Madhya Pradesh.

PartA: lmproved Water Supply lnfrastructure and Flood and Sanitation lnlrastructure(l) Design, build and operate watersupply infrastructure in Project Towns, including raw water

intakes, watertreatment plants, overhead tanks, distribution networks, and metered household

connections;

(tD

Construdion olsewerage and storm water management system in khajuraho and Rajnagar; and

{iii) Strengthening project implementation capacity

Part B: Sustained Urban lnlrastrucutre Operation and Mana8ement in Proiect Towns end MPIJDC

Provision otSupport to the State and the ULBs during project implementation period, in

establishing and maintainin8 ten years performance based O&M water supplycontrads

Part c: lmproved lnstitutional Effectiveness and Strengthened Capacity

(i) Provision ofgeographic information system(cls)- based asset management and service delivery

monitoring system;

(li) Provision of information technoloSy system in 15 ULBs for day-to day mana8ement;

(iii) Support for septage management in projecttowns;

(lV) Provision oftraining to MPUDC statf and Project Town oflicials in managing DBO contracts and

a55et manaEement; and

(v) Support forawareness raising activities on water conservation, environmental protection and

hygiene in project towns.

(vi) Consulting SeNices will be provided to support the above stated activities.

{vlilThe Project is expected to be completed by 30lune 2022

21AuB 2017

30lune 2022

The Projed will be carried out within the state of Madhya Pradesh

grief nature oI the projectoutputsThe aim ofthe Projed is to improve water supply and waste water management for the residents

of Madhya Pradesh.

z STATEMENTOF COMPLIANCE :

These financia I statements have been prepared in accordance with terms oI reference (TOR) conveyed byGovernment of lndia / Ministry

of Finance/ Department of Economic Affairs vide their letter No. 4/12/2013- ADB-Il dated 27.08.2013. Thir relers to the cash basis of

accounting applied with due reSard tothe generalfinancialrules, PWD codes, Treasury Codes, and similar rules and codes as are in effect

and applicable to the operation ofthe project.

3 SIGNIFICANT ACCOUNTING POUCIES:

3.1 Financial Statements :

This comprises ofthe Statement ofReceipts and Payments, the Statements oI €xpenditure by Category and Financier, the Statement of

Disbursementand related notesand appendiceslolhefinancial statements.

Efrectivaty Date :

Current Closing date:

t&4

"a

3.2 Easis of Measuaement :

Project Financialstatement! have been prepared underthe historicalcost convention and on cash basis of accounting. sepa rate ledgers

have been maintained forADB projects.

3.3 Changes in Accountln8 pollcles:

These Iina ncial statements have been prepared in accordance with terms of reference (TOR)conveyed by Government of lndia / Ministry

of Finance/ oepartment of Economic Aftairs videtheir letter No.4/12/2013- Ao8-ll dated 27.08.2013.

3.4 Fund Flow Mechanbm:

Describe the fund flow nechanlsm, ln partlcular, whether the IA*/EA contiol lunds of wlrether all payments ate centrelired - Fund

Flow Mechanisms are controlled by EA and all payments are centralized.

Withheld Money

Retention Money

Withheld for Road Restroration

Withheld Royalty

3.5 Advance and othe. .ecelvablea :

Desc.ibe treatment ofadvance agalnst erpendhurcs- Advances as and when paid are considered as expenditure and further any

recovery of moblisation advance in the interim payment, the net amount paid after such adjustment of advance are considered as

expenditure.

3.5 Cash and aash Equivalents :

All payments are made through bank only. closing bank balance as on 31.03.2020 is Rs. 81,11,58.935/- includes of Rs. 64,15,510/- with

central bank of lndia, Branch Arera hills and amounting of Rs. 15,51,299/- is held lor Additiona I fin a ncing ofADB phase llwith Union bank

of india Branch ShastriNagaLBhopal. Nocash in hand balance is maintained.

3,7 (a) Accrued and other liabllities :

Following liabilities accrued during the year, have not been considered as expenditure

LiabilitiesAmount (lNR 000)

49,374

770,213

505

2,656

3.7 (b) Totalcash expenditure reimburseable during theyearended on 31.03.2020

Add : Tos on sGsT & cGsT paid after 31.03.2020 within due date as per GsT Law claim for

reimbursement dudnS 2019-20

Less : TDS on SGST & CGST paid after 31.03.2019 within due date as perGST Law claim Ior

reimbursement during 2018-19.

Total expenditure claim for reimbursement

3,098,196

5,457

(14,613)

3,089, 0

3.8 lnaohe:t. Oesaribe nature ol diffe.ent typ6 ot lncome and hotx they are recognl.ed. For example Grants, Sale of Proceeds of fixed asaets,

inteaesl income on bankaccounl! etc. There is no incometo be recognized

2. lincluded ifapplicablel Free of coit offae space, Electdaity and certaln olher5ervices provlded by(insert name]are notvalued an

accordinSly, are not recognized ln these financial statemenls as lncome ofthe prolect.- NA

3.9 loaelgn cuarency transactlons and tmnslatlon:

a) Functlon and prcsentrtion currency-

Items included in the financialstatements ofthe project are measured usingthe currency ofthe primary economic enMronment in which

the entityoperates (the functionalcurrency), which is the lndian Rupee (lNR).

bl Tranracllons and balances - No t.ansactions in foreign currency

3.10 Alloaatlon olCommon Costs :

No common costs are allocated to defferent outpuv activities.

3.11 lnte.est Exp€nses and Flnanclal CharSes :

No financialcharges & interest have been allocated to the project bythe borrower

a

A&

4 Funds Ratclved from thc Gove.mant :

Government ot Madhya Pradesh provides fund to Madhya Predesh t,.ban Development Co. Ltd. based on erecutinSprogram submitted through budgetary support.Oetails of fund p.ovided are as unde.:

ln INR 'fi)o

5 DATE OF AUTHORIZANOI{

These ,inancial statements have been authorized for issue bythe Madhya Pradesh Urban DevelopmentCo. Ltd. on 29.10.2020.

As per our report of even date ettached

Fon A.K.SURANA & ASSOCIATES

Chartered

Fi Regn No.

Rajput

to. M.dhy. Pr.d.sh Urt.n Dcv.lopmlnt Co. Llmlt.d

lnal

(PARTNER)

M.No.406510

Place: Bhopal

Fln.

J4-Date 23 DEC 2

Partlcul.r3 curentYearPa€vious

Year

Cumulative

P.oject Yaar todetc

Government Counterpart f unding

Amount Reimbursable to

Fund Reaeived 3,608,114 2,443,2sO 7,404,464

FRN

002729cBFOPAL

&A Sc

.a

EXECUtiNg ASENCY I GOVERNMENT OF M.P., MADHYA PRADESH URBAN DEVETOPMENT AND HOUSING DEPARTMENT

lmplementint Agency : MADHYA PRADESH URBAN OEVETOPMENT CO. LTD.

Name of the Prolect : M.P. Urban Services lmprovement Project (MPUSIP) - ADB

Loan/Grant No, : Loan No.3528-lND

NOTES TO THE FINACIAL STATEMENTS

FOR THE YEAR ENDED 31.03.2018

Date of Loan Agreement

Effectiveness date

Kev terms and conditions are as follows

Disbursment schedule

Commitment fee and lnterest rates

Fund received from ADB through reimbursement method

Annexure 5

19 Jun 2017

2l Aug2O17

Disbursement can be taken up to 31.12.2022

Commitment charges is 0.15 %p.a. on full amount of the loan less

amount withdrawn from time to time.

lnlerest will paid on the principal amount of the loan withdrawn and

oulstanding from time to time at the rate for each interest period equal to

the sum of LIBOUR plus 0.60% as provided by section 3.02 ofthe loan

regulation less a credit of 0.1 0% as provided by section 3.03 of the loan

regulations and a maturity premium of 0.'10% as provided by section

3.03 of the loan regulalions.

For Madhya Pradesh Urban Development Co. Limited

(Aman Ratnawatl

En1ine*inlpy'

3

As per our report of even date

FoT: A.K.SURANA & ASSOCIATES

Chartered

No.

CA Vivek Rajput

(PARTNER)

M.No.406510

Place: Bhopal

& As6'

E4i

Finance

d8o""'2

3 DEC Zo2o

Particulars

Amount rn

tNR'000

Amount spent and claimable for reimbursement for the year 2019-20.2,683,560

Add : Amount spent in FY 2018-19 but Claim Submitted by MPUDC during the year 2019-20. 240.910

Add : Claims submitted by MPUDC on 31/03/20'19 but not reimbursed by ADB till 31/03/2019 351,475

Less : Claims submitted by MPUDC on 3110312020 but not reimbursed by ADB fil31l13l202o(62.987',

Less : Expenditure incurred during the yeat 2019-20 but claims are not submitted till 31/03/2020. (204,713]

Less : Excess amounl of reimbursement claimed during finanical year 201 8-19 due to TDS on GST & SGST paid

within due dale but afler 31 03 20'19( 1 2,6s51

Amount Disbursed by ADB through Reimbursement claim during the finanical year 2018-19. 3,000,31s

Reimburseable amount during F.Y. 20'18-19 2.995.589

Excess amount of reimbursement claimed during linanical yeat 2019-20 due to TDS on GST & SGST paid within due

date after 3'1.03.2020. 4,725

SRN

o02??'s9B$OPAL

Annexure 6

ExecutinS ASency : GOVERNMENT OF M.P., MADHYA PRADESH URBAN OEVELOPMENT AND HOUSING DEPARTMENT

lmplementing Agency: MADHYA PRADESH URBAN DEVELOPMENT CO. LTD.

Name of the Project : M.P. urban Services lmprovement Project (MPUSIP) -ADB

Loan/Grant No. : Loan No.3528-lN0

NOTES TO THE FINACIAL STATETIEIITSFOR THE YEAR E DED 3I.O3.2O2O

6.2 Reconciliatlon ofthe lmpreltAccount and the Bank St.tement lstiven below

STAIEMENT OF i,,PRESr ACCOUNT

REPORr FOR fHE YEAR|PERIOO ENDED 31sI eTch Z42O

ln (lNR)'000

Prlor Perlod Currant Year

Ealance broght forward from previous period o 0

Add : Advance 0 0

Replenishment received during th€ year/period

lnterest earned 0 0

subtotal (A) NA

Oeduct

Pa ments made durin the year/period 0 0

Replenishment/Liquidation

Expenditure yet to be claimed 0

Amount refunded durinprL -' 0 0

Subtotal(B) NA NA

Cl ,,.A:b) NA NA

a. As per bank statement 0 0

6.2.1 The US S equivalent notaional amount held at the RBI in respect of the above lmprest balance is 0 US S

6.3 Details of Payment made di.ectly by AOB : 0.0t)

6.4 Delails of Payment made through commitment procedure 0.01)

5.5 Details of Grants NIL

&- ASSO

5

m

i

Annexure 7

Executing Agency : GOVERNMENT OF M.P., MADHYA PRADESH URBAN DEVELOPMENT AND HOUSING DEPARTMENT

lmplementing Atency : MADHYA PRADESH URBAN DEVELOPMENT CO. tTD.

Name of the Proiect : M.P. Urban Services lmprovement Proied (MPUSIP) - ADB


NOTES TO THE FINACIAL STATEMENTS

FOR THE YEAR ENDED 3I.03.2020

DISBURSEMENT CTAIMED UNDER STATEMENT OF EXPENDITURE(SOE) PROCEDURE

FOR THE YEAR ENDED 2019.20

1 The financing percentage within the table per ADg funds are as per loan agreement Schedule 3


FoT: A.K,SURANA & ASSOCIATES

For Madhya Pradesh Urban Development Co, Limited

Chartered Acco ntants

Fi egni{o 729C'ri

ii & |,it i{.

Rajputc(PARTN

[4.No.4065'10

Place: Bhopal

fall0o?i lj ore) (Deepak Ra awat)

Finance

Total

Disbursement

usinB SOE

Procedure

Amount

Reimbursed

lmprest

Fund

Replenish

ed

Liquidated

WA NO

soE

sheet

No.

Category TotalAmount PaidADB

Financing %

Net Eligible

Expenses

7+8=91 81 2 3 4 5 5(4xs)

a,277,939a,277,939wA101 1 CivilWorks 9,558,821 86.60% 8,277,939

15,040,88385.50% 15,0,t0,883 15,040,883wA108 1 CivilWorks 17,368,225

8,061,5181 9,308,912 86.50% 8,061,518 8,061,518Civilworks

8,783,83s8,783,835WA11O 1 Civil Works 10,142,996 86.60% 8.783,835

lL,372,11486.60% 11,372,718 71,372,1LA1 Civil Works 13,132,469

12,132,23585.50% L2,332,23s L2,312,235wA130 1 Civil Wo.ks 14,240,456

15,450,69115,450,691WA125 1 86.60% 15,450,691civil works 17,841,444

17,021,2A577,O2',i.,285WA135 1 Civil Works 19,5s5,064 86.60% L7,02L,285

10,796,94970,796,949WA14O 1 CivilWorks t2,461,609 86.60% 10,796,949

9,639,4369,639,435WA157 1 11,130,989 86.60% 9,639,436CivilWorks

s,488,3315,488,331WA148 1 6,337,55s 86.60% 5,488,331CivilWorks

a,416,3738,436,371 8,436,37)WA159 1 CivilWorls 9,741,170 85_50%

10,689,27886.50% 10,689,278 10,689,278WA167 1 CivilWorks 12,343,277

9,255,8699,255,869I CivilWorls 10,688,071 86.60% 9,255,869

8,393,8028,393,802 8,393,8021 civilworks 9.692,612 86.60%

a,u9,7114,149,71186.60% 8,149,7tlw4178 1 9,4L0,752

10,701,81610,701,816WA180 1 CivilWorks 12.357,755 86.60% 10,701,816

14,567,26114,567,261WA181 1 CivilWorks 16,821,317 86.60% 14,567,261

11,893,92311,893,923wA188 1 Civil Works 13,7 34,122 86.60% 11,893,923

1 Consultants

2 Mechanical and Equipment

2 Salarier

1 Environment and Social Mitigation

2 Equipment Operation and Maintenance

204,353,853 204,353,853Total zrs,974.426 204,353,853

Total for lprior yearl

IIIIIII II

Date 23 DEC ?020

B$o ? l''tc'

ontroller Engineer in Cheif

ExecutinS ASency : GOVERNMENT OF M.P., MADHYA PRADESH URBAN DEVETOPMENT AND HOUSING DEPARTMENT

lmplementinS Agency : MADHYA PRADESH URBAN DEVETOPMENT CO' tTD'

Name of the Proiect : M.P. Urban Services lmprovement Proiect (MPUSIPI - ADB

Loan/Grant No. : Loan No.3528'lND

NOTES TO FINANCIAL STATEMENTS

FOR THE YEAR ENDED 3lst March 2020

ln

Annexure 8

'000

1. Advances as and when paid are considered as expenditure and any recovery in the interim payment, the net amount paid after

recovery are considered as expenditure.

As per our report of even date


Chartered

put

M.No. 406510

Place: Bhopal

No

For Madhya Pradesh Urban Development Co' Limited

Controller Engineer chlef

Io'*'2 3 DEC 2

Cumulative ProJect

to datelAs at 31/03/20201

Current Year(2019-20)

Prior Year(2018-19)Particulars

758,430138,038 193,5 12to contractor for civil11,5000Consultantsto

5,924,9562,047,5t43,310,129incurred132,261 334,034130,613incurred for PMC

7,028,9202,37t,2883,578,780Total

I

Executing Atency : GOVERNMENT OF M.P., MADHYA PRADESH URBAN DEVETOPMENT AND HOUSING DEPARTMENT

lmplementint Atency : MADHYA PRADESH URBAN DEVETOPMENT CO. tTD.

Name of the Project : M.P. Urban Seruices lmProvement Project (MPUSIP) - ADB


STATEMENT OF APPROPRIATION Vs. ACTUAL

Annexure 9

For the Current Year Ended 31st March 2020 For the Current Year Ended 3lst March 2019Cumulative Prolect to date

(As at 31/03/2020)

Cost CategoriesBudgeted

Expenditures

Actual

Expenditures

Utilization

Percentage Variance

Budgeted

Expenditures

Actual

Expenditures

Utilization

Percentage Variance

Budgeted

Expenditures

Actual

Expenditures

Utilization

Percentate Variance

tNR'OOO tNR'OOO tNR'OOO tNR',000 INR'000 % tNR'000 tNR',000 tNR'000 % INR'OO0

lnvestment Costs

Advances. civil works, equipment 3.499.357 2.967.583 84.80% 531.774 2,292,695 2,24L,0?6 97.75% 51.668 3.447.974 3,235,219 92.75% 25?.759

Environment and Social Mitigation 0

Consultants

A. Proiect Management 104,996 130.613 L24.40% -25.6t7 122.500 732,261 t07.97% -9,76L 222.5AO 2t4,92L 96.59% 7.579

B. capacitv Development

Others (Consultant) 3,761 375].. 100.00% 0 28,05s 28055 LOO.OO% 90,?72 90,272 100.00%

subtotal (D) 3,608,1 14 3,101,957 506,157 2,443,250 2,407,34iJ 41,907 3,800,750 3,140,412 260,338

Recurrent Costs

Salaries

Accommodation

Equipment Operation and Maintenance

Others

subtotal (E) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.m

fotal Pavments(D+E) 3,608,1 14 3,101 ,957 2,443,250 2,401,343 41,907 3,800,750 3,540,412 260,338

Financing Charges During lmplementation (F)

Total Project Cost (G=O+E+F)



Chartered

Firm No-

CA Singh

(PARTNER)

M.No.406510

Place: Bhopal

o""'2 3 DEC

FRN

002729CBHOPAI

a1*

&

*

For Madhya Pradesh Urban Oevelopment Co. Limited

Engineer i1-€lrl€f-Finance

&

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