Annual Report 2009-10 - IDCO
Annual Report 2009-10 - IDCO Annual Report 2009-10 - IDCO
- Page 2 and 3: ANNUAL REPORT 2009 - 10 BOARD OF DI
- Page 4 and 5: PROJECTS UNDER CENTRALLY SPONSORED
- Page 6 and 7: SL No Name of the Project Location
- Page 8 and 9: REFERRED TO IN PARAGRAPH 1 AND FORM
- Page 10 and 11: COMPLIANCE TO AUDITOR’S REPORT ON
- Page 12 and 13: M/s GRC & Associates, Chartered Acc
- Page 14 and 15: AS AT MARCH 31ST, 2010 PREVIOUS YEA
- Page 16 and 17: FOR THE YEAR ENDED ON MARCH 31ST, 2
- Page 18 and 19: BALANCE SHEET AS AT MARCH 31ST, 201
- Page 20 and 21: AS AT MARCH 31ST, 2010 Expenditure
- Page 22 and 23: SCHEDULE - 8 : ADVANCE TO SUPPLIERS
- Page 24 and 25: SCHEDULE - 13 : OTHER LOANS PREVIOU
- Page 26 and 27: SCHEDULE - 17 : ESTABLISHMENT EXPEN
- Page 28 and 29: SCHEDULE - 19 : INFRASTRUCTURE MAIN
- Page 30 and 31: ISO 9001 & 14001 CORPORATION SCHEDU
ANNUAL REPORT <strong>2009</strong> - <strong>10</strong><br />
BOARD OF DIRECTORS OF <strong>IDCO</strong><br />
0. Chairman-Cum-Managing Director, <strong>IDCO</strong> ............................................................ Chairman<br />
1. Principal-Secretary to Govt, ................................................................................ Director<br />
Industries Department, Bhubaneswar<br />
2. Secretary to Government .................................................................................... Director<br />
Revenue and Disaster Management Department, Bhubaneswar<br />
3. Director, Institutional Finance & Ex-officio<br />
Addl. Secretary to Government, .......................................................................... Director<br />
Finance Department, Bhubaneswar<br />
4. Chairman-Cum-Managing Director ...................................................................... Director<br />
IDC Ltd., Bhubaneswar<br />
5. Managing Director, .............................................................................................. Director<br />
OPTCL, Bhubaneswar<br />
6. Chairman-Cum-Managing Director ...................................................................... Director<br />
IPICOL, Bhubaneswar<br />
7. Managing Director, .............................................................................................. Director<br />
OSFC, Cuttack<br />
8. Director of Industries, Orissa, Cuttack ................................................................ Director<br />
9. Managing Director, Orissa Small Industries ........................................................ Director<br />
Corporation Ltd., Cuttack<br />
<strong>10</strong>. Chief Engineer, PH (Urban), Orissa, Bhubaneswar ............................................. Director<br />
11. Chairman, CII, Orissa Branch, Bhubaneswar. ..................................................... Director<br />
12. President, Utkal Chamber of Commerce & Industry, ........................................... Director<br />
Cuttack<br />
13. President, OYEA Cuttack ................................................................................... Director<br />
14. President, OSSIA, Cuttack ................................................................................. Director<br />
AUDITORS<br />
BANKERS<br />
GRC & Associates<br />
Chartered Accountants<br />
State Bank of India<br />
United Bank of India<br />
1
ACTIVITIES REPORT FOR THE YEAR <strong>2009</strong> - <strong>10</strong><br />
INTRODUCTION<br />
Orissa Industrial Infrastructure Development Corporation (<strong>IDCO</strong>) has been established in the year 1981 with the<br />
specific objective of creating infrastructure facilities in the identified Industrial Estate/Areas for rapid and orderly<br />
establishment and growth of industries, trade and commerce. Consistent with this objective, <strong>IDCO</strong> has established/<br />
managed 86 Industrial Estates / Areas all over the State. Besides, acquisition and allotment of land to the<br />
industries in medium and large sector, assisting them in infrastructure development has been another prime<br />
function of this corporation. In addition to the above works, it takes up various construction activities entrusted by<br />
State and Central Government Departments and their corporations on agency or contract basis. It provides<br />
escort services to investors/developers for implementation of mega projects in the State in the infrastructure<br />
sector.<br />
This ISO 9001 & ISO 14001 certified Corporation has achieved the unique distinction of being the only State level<br />
organization to be conferred the 'Golden Peacock' award by the Institute of Directors, New Delhi for adopting and<br />
maintaining quality management standards in all its operations<br />
ACTIVITIES<br />
The Corporation is engaged in industrial infrastructure development work for rapid industrialization in the State.<br />
The achievements of <strong>IDCO</strong> in different areas are noted below:<br />
Industrial Estates and Industrial Areas<br />
<strong>IDCO</strong> has already developed 86 Industrial Estates/ Areas in different strategic locations. The cumulative position<br />
of construction/development and allotment of sheds/land in different Industrial Estates up to the year <strong>2009</strong>-<strong>10</strong> is<br />
as under:<br />
No. of IEs/IAs : 86 Nos.<br />
Gross area of IEs/ IAs : 8245.872 Acres<br />
Built up sheds : 1542<br />
Sheds allotted, occupied and utilized otherwise : 1491<br />
Sheds available for allotment : Nil<br />
Land allotted : 44<strong>10</strong>.169 Acres<br />
Net saleable developed land available for allotment : 1647.637 Acres<br />
Over 3,653 Industries, mostly in SSI sector have been allotted with plots/ sheds in these Estates.<br />
During this year 165 units have been allotted with land & shed in IEs. The cost realized towards sale of plots is<br />
Rs. 2533.96 lakh and Rs. 94.23 lakh received towards sale of shed/shops.<br />
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PROJECTS UNDER CENTRALLY SPONSORED PLAN SCHEME<br />
<strong>IDCO</strong> has also been entrusted with the responsibility of implementing various centrally sponsored infrastructure<br />
projects under Industrial Growth Centre, Integrated Infrastructural Development (IID) Centre, Urban Haat, Projects<br />
under ASIDE schemes for promotion of small, medium and export oriented industries in the State.<br />
The following projects are under execution:<br />
• Growth Centre - Kalinganagar, Jharsuguda & Kesinga.<br />
• IID Centre - Khurda & Somnathpur (Balasore)<br />
• Urban Haat - Konark & Puri<br />
• Food Processing Park, Khurda<br />
At Jharsuguda Growth centre, Phase - III development works at site-I have been planned over Ac. 150 of land with<br />
an estimated cost of Rs. 4<strong>10</strong> lakh. Acquisition of Ac. 135.44 is at advanced stage of completion at Jharsuguda.<br />
For road development work at Bolangir Growth Centre site, tender is under finalization.<br />
Development works of IID Centres at Khurda and Somnathpur have made substantial progress. Allotment of land<br />
at the two centres is in progress. Besides, development works in the Food Processing Park, Khurda along with<br />
allotment of land are in progress (Allotment of land is in progress.)<br />
Urban Haat at Puri has been completed with an expenditure of Rs. 303.62 lakh and inaugurated by Her Excellency,<br />
the President of India on 09.12.<strong>2009</strong>. This project aims at providing direct marketing access to the artisans,<br />
weavers, craftsmen etc. by eliminating middlemen. The Haat has been designed keeping in mind, the ethnic<br />
cultural heritage of the state.<br />
INFRASTRUCTURE PROJECTS UNDER PPP MODE<br />
• Development of Special Economic Zones :<br />
Establishment of 11 SEZs has been approved by Govt. of India for our state out of which 4 projects have<br />
been notified. Infocity SEZ of <strong>IDCO</strong> at Chandaka (Bhubaneswar) is in operation. A Sector Specific SEZ for<br />
IT/ITES/BPO industries near Bhubaneswar (Info Valley) of <strong>IDCO</strong> is being developed over 320 acres of land<br />
alongwith an Integrated Township over 180 acres of land. Construction of boundary wall, approach road to<br />
this project is in progress. M/s. IL&FS has been engaged for preparation of project proposal and Master<br />
Plan for the same. Infosys is being actively considered as the anchor tenant for this SEZ.<br />
• IT & Commercial Complex, Rourkela :<br />
Objective is to provide quality built-up space for IT/ITES, Corporate offices, social infrastructure such as<br />
retail & shopping, entertainment & leisure etc. About 3.0 lakh sft of built-up space over 3.12 acres of land<br />
in Civil Township at Rourkela has been planned. M/s Forum Projects Pvt. Ltd has emerged as Preferred<br />
Bidder after open competitive bidding process. Govt. approval has already been obtained. LOI has already<br />
been issued to the preferred bidder. The Lease-cum-Development Agreement has been signed on 06.11.<strong>2009</strong>.<br />
• Bio-Pharma IT Park :<br />
To develop Orissa as a hub of research, development and innovation in the fields of Bio - IT and Bio Pharma<br />
related areas, a dedicated Park has been planned for development. Ac. 63.229 acres land at Andharua<br />
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near Bhubaneswar is under transfer to <strong>IDCO</strong>. M/s. Bharat Biotech International Limited has been selected<br />
as preferred bidder after open competitive bidding process. An SPV namely M/s Konark Knowledge Park<br />
has been formed for implementation of the project.<br />
• Petroleum, Chemical and Petrochemical Investment Region (PCPIR) :<br />
An SPV namely M/s Paradeep Investment Region Development Limited has been formed for development<br />
petroleum & petrochemical industries at Paradeep region. Indian Oil Corporation Ltd. and Paradeep Port<br />
Trust have agreed to join the SPV. The former will be the anchor industry. M/s IL&FS, the consultant have<br />
submitted the PCPIR Project <strong>Report</strong> to Govt. of India which is under active consideration for approval.<br />
• Dhamara Industrial Township<br />
The Board of Directors of <strong>IDCO</strong> in its meeting held on 20.09.2008 decided for development of a township at<br />
Dhamra to provide support to ancillary and downstream industries likely to come-up near the port. Over<br />
<strong>10</strong>,000 acres land has been identified and detailed survey is in progress. Preparation of techno-feasibility<br />
study is under progress by IL&FS.<br />
• World Trade Centre<br />
A World Trade Center (WTC) at Bhubaneswar to promote global networking and give international visibility<br />
to the industrial potential of the State has been planned. Industries Department has been requested to<br />
facilitate identification and transfer of suitable Government land in and around Bhubaneswar for establishment<br />
of the World Trade Center. Rs. 12 crore ASIDE funds have been allocated for development of the project.<br />
• Industrial Infrastructure Up-gradation Scheme (IIUS)<br />
Under the scheme, the proposal for development of Plastic, Polymer & Allied Cluster at Balasore has got<br />
the approval of Govt. of India during November,09. The SPV namely NOCCI Balsore Infrastructure Company<br />
Ltd. has been formed. Govt. of India have released the 1st. Installment of Rs. 17.48 crore for infrastructure<br />
development works.<br />
• Inland Container Depot (ICD)<br />
Industries Department has identified 6 locations i.e. Rourkela, Jharsuguda, Kalinganagar, Anugul, Bhadrak<br />
and Rayagada. Since CONCOR is interested to set-up ICDs at Jahrsuguda & Kalinaganagar, it is decided<br />
to develop ICDs in balance 4 locations through private sector Developers. <strong>IDCO</strong> has identified 30-40 acres<br />
of suitable Government land in these locations. IL&FS Team has evaluated the suitability of sites and the<br />
identified land is under the process of acquisition/ transfer.<br />
LAND ACQUISITION<br />
<strong>IDCO</strong> is the 'NODAL AGENCY' for identifying and acquiring land both from Government and private parties<br />
at strategic locations. The land so acquired is allotted for industrial as well as infrastructure projects.<br />
During <strong>2009</strong> - <strong>10</strong>, Ac. 4736.39 of land has been allotted to 28 industrial units. Some of the major industrial<br />
units allotted land during the year is as follows:<br />
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SL No Name of the Project Location Area allotted in Ac.<br />
1 2 3 4<br />
1 M/s. Jindal Steel & Power Ltd Kerajang & Chhendipada, Angul 1165.41<br />
2 M/s. Monnet Ispat & Energy Ltd Chhendipada,Angul 131.82<br />
3 M/s. Utkal Coal Ltd. Chhendipada,Angul 816.86<br />
4 M/s TATA Power Company Limited Naraj, Marthapur,Cuttack 780.084<br />
5 M/s Lanco Solar Private Limited Ramdaspur, Cuttack <strong>10</strong>4.66<br />
6 M/s. GMR Kamalanga Energy Kamalanga, Dhenkanal 864.915<br />
Limited<br />
7 M/s. Vedanta Aluminium Limited, Bhurkamunda,Jharsuguda 111.05<br />
Smelter , Jharsuguda<br />
8 M/s. Hindalco Industries Hirakud,Sambalpur 2<strong>10</strong>.74<br />
Limited (Aditya)<br />
9 M/s. Bhushan Power & Steel Jamukani village in Sundergarh 409.11<br />
Limited<br />
CONSTRUCTION WORK<br />
14 nos of new works have been awarded to <strong>IDCO</strong> during <strong>2009</strong> - <strong>10</strong> for an estimated cost of Rs. 5856 lakh.<br />
Some of the major works awarded are as follows :<br />
Sl. No. Name of the Work Value of work<br />
(Rs. in lakh)<br />
1. Const. of new Govt. Polytechnic at Balasore : 790.43<br />
2. Const. of new Govt. Polytechnic at Ragadi(Jajpur) : 816.06<br />
3. Const. of new Govt. Polytechnic at Bolangir : 795.60<br />
4. Const. of new Govt. Polytechnic at Paralakhemundi(Gajapati) : 812.44<br />
5. Const. of Convention centre for Revenshaw university,Cuttack : 395.40<br />
6. Renovation of Kanika Library : <strong>10</strong>0.00<br />
7. Const. of Laboratory Building of State Pollution control Board : 850.00<br />
8. Construction of ST Hostel Building in the campus of : 130.22<br />
Indira Gandhi Girls Hostel,unit - IX,Bhubaneswar<br />
9. Construction of ST Hostel Building in the campus of : 279.43<br />
B.J.B. college, Bhubaneswar<br />
<strong>10</strong>. Odiya Bhasa Pratisthan,Bhubaneswar : <strong>10</strong>0.00<br />
11. Construct ion of Orissa Bigyan Academy : 300.00<br />
12. Furnishing works of NIFT : 300.00<br />
13. Const. of Design Cell Building of SIDAC : 131.93<br />
14. Const. of Auditorium Building of OFDC : 54.90<br />
5
TURNOVER & PROFITABILITY :<br />
During the year under report, the Corporation achieved turnover of Rs.62,525.66 lakh and earned net surplus of<br />
Rs.6334.60 lakh after providing depreciation. The cumulative surplus of the Corporation stood at Rs.34,221.35<br />
lakh at the close of the financial year under report. The details of the turnover of the Corporation for the year <strong>2009</strong>-<br />
<strong>10</strong> are as follow :<br />
Sl. No Particulars <strong>2009</strong>-<strong>10</strong><br />
(Rs.in lakh)<br />
A. Contract Receipts 24.95<br />
B. Deposit Works <strong>10</strong>966.08<br />
C. Land Acquisitions 47152.40<br />
D. Own Works 3689.47<br />
E. Repair & Maintenance Works 692.76<br />
Total 62525.66<br />
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REFERRED TO IN PARAGRAPH 1 AND FORMING PART OF<br />
AUDITOR'S REPORT OF EVEN DATE<br />
ANNEXURE – 1<br />
1. APPLICABILITY OF ACCOUNTING STANDARDS<br />
The Corporation has not adopted the applicable Accounting Standards issued by ICAI.<br />
As per the ICAI , Accounting Standards are applicable to all corners preparing financial statements irrespective<br />
of whether specific provisions exist in the statues under which they operate to show True & Fair view of the<br />
State of Affairs.<br />
In our Opinion , relevant Accounting Standards are required to he followed for showing True & Fair view of the<br />
state of Affairs of the Corporation.<br />
2. ACCOUNTING POLICY<br />
Section 27(1) of the OlIDC Act.1980 read with from D under Rules 25 (1) of the OlIDC Rules, 1981, makes it<br />
incumbent upon the corporation to disclose specific information in the financial statements<br />
The corporation has changed the accounting system from accrual to cash w.e. f 01.04.1996 (after amendment<br />
of section 145 of the income tax act 1961 allowing an assessed to follow either cash or accrual system of<br />
accounting) and the same are being following consistently without complying with from (D) disclosure<br />
requirements as referred to above.<br />
3. FIXED ASSETS<br />
a. The Corporation has not maintained proper records showing the full particulars including quantitative details<br />
and situation of Fixed Assets.<br />
b. Fixed Assets have not been physically verified by the corporation during the year under audit. The corporation<br />
has not any program for verification of Fixed Assets<br />
c. The corporation has not taken steps for complying the Accounting Standard - 28 with regard to impairement<br />
of fixed assets.<br />
4. INFRASTRUCTURE EXPENDITURE<br />
a. Capital Expenditure has been overstated to the tune of Rs.1504.64 crore on account of land for projects<br />
(private land for industries) acquisitioned even if the same has been already handed over to industries.<br />
b. Idle Investment of Rs.52.08 crore on account construction work in progress out of own fund which is pending<br />
since long & the present status which has not been ascertained.<br />
5. CAPITAL EXPENDITURE<br />
Fixed Assets is understated & depreciation short charged due to non capitalization of fixed assets which<br />
have been completed out of construction work in progress out of own fund amounting to Rs.24.0S crore & out<br />
of subsidy fund amounting to Rs.143.03 crore .<br />
7
6. ANALYSIS OF CURRENT ASSETS<br />
Age wise analysis of curren assets like receivables towards Insurance Claim, Misc. Deduction, Advance to<br />
suppliers & contractors, loan to others, mise advance, mise deposit,' security deposit & EMD has not been<br />
carried out and impact of which arising out of such analysis has not been ascertained.<br />
7. RECONCILATION OF GL WITH SUBSIDIARY LEDGERS<br />
The both the assets & liabilities are overstated to the extent of unreconciled balances lying due to unreconcilation<br />
of General Ledger & Subsidiary Ledgers.<br />
8. RECEIVABLES<br />
Income Tax refundable amounting to Rs.5.56 crores is overstated due to non adjustment of dues on account<br />
of Income tax assessment orders of earlier years.<br />
9. REVENUE RECOGNISATION<br />
Income of the corporation is overstated & current liabilities is understated to the extent of recognisation of<br />
revenue on account of administrative charges received for land acquisition against which the land has not<br />
been delivered to the clients the amount of which has not been ascertained.<br />
<strong>10</strong>. LACK OF ADEQUATE DISCLOSURE AS PER THE IDEO RULES.1981<br />
It is noticed that while preparing the <strong>Annual</strong> <strong>Report</strong>, Rules No 26(2) of the <strong>IDCO</strong> Rules, 1981 is not complied<br />
fully so as to make the disclosure more qualitative.<br />
11. INTERNAL CONTROL SYSTEM & INTERNAL AUDIT<br />
In our Opinion & according to the information & explanation given to us. Internal control procedure in respect<br />
of computer related records generated from the computer system is not adequate to ensure effective &<br />
efficient generation of data with integrity for use by the Organisation. System Audit is necessary to check<br />
input and output Controls, Data integrity, System effectiveness, System efficient and Asset Safeguarding.<br />
Internal audit system is also not commensurate with size & nature of business of corporation. Scope of the<br />
internal audit must be enhanced to cover all the transactions of the corporation.<br />
12. CONTINGENT LIABILITIES<br />
Corporation has not estimated contingent liabilities for disclosure of as a note to Balance Sheet even if there<br />
are many legal cases pending for disposal at different stages.<br />
Bhubaneswar<br />
Date : 08.<strong>10</strong>.20<strong>10</strong><br />
FOR GRC & Associates<br />
CHARTERED ACCOUNTANTS<br />
Sd/-<br />
(A. MOHAPATRA)<br />
PARTNER<br />
8
COMPLIANCE TO AUDITOR’S REPORT ON <strong>IDCO</strong> ACCOUNTS FOR THE FINANCIAL<br />
YEAR <strong>2009</strong>-<strong>10</strong><br />
1. APPLICABILITY OF ACCOUNTING STANDARDS<br />
<strong>IDCO</strong> is a statutory corporation constituted by virtue of OIIDC Act,1980 and is not a company formed under<br />
Companies Act, 1956. Being a statutory corporation the prescribed accounting standards are possibly not<br />
mandatory for <strong>IDCO</strong> under any statute. However all relevant accounting information provided to the Statutory<br />
Auditor depict the true and fair view of the State of Affairs of the Corporation.<br />
2. ACCOUNTING POLICY<br />
<strong>IDCO</strong>’s Balance Sheet format including Receipt and Payment Account format prescribed u/s 27(1) of OIIDC<br />
Act 1980 read with form D under Rule 25 (3) of OIIDC Rules,1981 shows accrual system of accounting.<br />
Under this rule, since inception <strong>IDCO</strong> followed Accrual System of Accounting up to 1996. In the year 1996,<br />
<strong>IDCO</strong> adopted cash system of accounting which was a requisite to get tax exemption under 12 AA of IT Act.<br />
Under this Act <strong>IDCO</strong> was registered as a Charitable Trust. We got tax exemption up to 2007-08. Subsequently<br />
said section under which we were enjoying tax exemption was abolished in the year 2008-09. Till now we<br />
are following the cash system of accounting which is accepted by IT Authority. We have not taken steps to<br />
change over again to accrual system.<br />
3. FIXED ASSETS<br />
Fixed Assets Registers are maintained in all Divisions and different wings of Head Office such as MIS wing<br />
is maintaining Fixed Assets Registers for computer hard wares , H.K. section is maintaining F/A register for<br />
office equipments and Maintenance wing is maintaining F.A. register for vehicles and other assets. However<br />
as desired by our Statutory Auditor, we will maintain corporate F/A register from 20<strong>10</strong>-11. Moreover steps<br />
will be taken to conduct regular verification of Fixed Assets. Regarding compliance of Accounting standard-<br />
28, this may be mentioned that as per the existing policy of the corporation whenever the situation arises for<br />
sale of old and obsolete assets, a committee is formed to decide the matter. Further the valuers are also<br />
appointed to determine the present value of assets proposed for sale and provide the necessary information/<br />
figures to the committee for taking the decision.<br />
4. INFRASTRUCTURE EXPENDITURE<br />
a) In case of land acquisition of Private land, primarily the land is leased in favour of <strong>IDCO</strong> and then it is subleased<br />
to private parties. So we are showing this in our accounts ( both receipts and expenditure).<br />
b) <strong>IDCO</strong> has temporarily stopped expenditure on Aluminium park, Khurda. There was no expenditure on<br />
compound walls over <strong>IDCO</strong> land, STP-Balasore , Rehabilitation Colony-Mantira and IT & Corporate Tower<br />
with ICE Mall during <strong>2009</strong>-<strong>10</strong>.Except Aluminium Park, Khurda all works are on going works. So cumulative<br />
expenditure on these works can not be treated as idle investment.<br />
5. CAPITAL EXPENDITURE<br />
As per Form ‘D’ prescribed in the rules, we have to show both capital expenditure and infrastructure receipts<br />
against sale of plot and shed in Indl. Estates in our Balance sheet. In the same line, we are treating<br />
expenditure on Growth Centre, Integrated Infrastructure Development Centres (IIDs) and Food Park etc.<br />
There is no rule to treat them as fixed assets in our system. Those works are still continuing and not yet<br />
fully completed.<br />
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6. The corporation was initially using the visual fox pro accounting package and subsequently oracle package<br />
was adopted from the F.Y 2003-04.The problem has emerged due to difficulties in merger of data of both the<br />
software packages. Now the merger work has been assigned to a software firm. Once the same is sorted<br />
out year wise analysis report can be derived from the system.<br />
7. Reconciliation of G/L with S/L can be possible only after the sub ledger merger work is over.<br />
8. The Income –Tax assessment of the corporation is complete up to the assessment year 2007-08. The<br />
assessment for the assessment years 2008-09, <strong>2009</strong>-<strong>10</strong> and 20<strong>10</strong>-11 are presently going on and after the<br />
assessments are complete, the corporation shall get refund for the said assessment years. So the income<br />
tax refundable amount as pointed out by the Statutory Auditor will be adjusted gradually after completion of<br />
Assessments.<br />
9. As we have adopted cash system of accounting, the administrative charges on land acquisition is treated<br />
as revenue income in the year in which it is being received even if the L.A. process is continued in subsequent<br />
years. In this connection we have sought information from land section in respect of parties for whom L.A.<br />
process is not completed, so that we will treat their deposit funds towards administrative charges as<br />
advance. This act will minimize our tax burden and comply auditor’s remarks.<br />
<strong>10</strong>. We are printing Director’s <strong>Report</strong>/Activities <strong>Report</strong> in each & every year in our <strong>Annual</strong> <strong>Report</strong>. However,<br />
during the period of audit, it was not possible to furnish the same.<br />
11. At present there is no provision of system audit in <strong>IDCO</strong>. However we operate under Oracle based Remote<br />
Desk Top package which is an on line package. At the end of every year overall data accuracy of different<br />
divisions is checked. Chartered Accountant firms are appointed to check computerized records of each<br />
division. In case of any defect found, matters are being sorted out by our system supporter. However for<br />
more effective control our own internal audit wing is to be strengthened.<br />
12. Statutory Auditor wanted to know the financial implication of different judicial cases in case <strong>IDCO</strong> loses the<br />
suits. In this connection our Law wing opined that at present there is no such case pending in the High<br />
Court which has a direct financial involvement.<br />
<strong>10</strong>
M/s GRC & Associates,<br />
Chartered Accountants,<br />
Plot No.722, 1 st floor, Saheednagar,<br />
Bhubaneswar-7<br />
AUDITOR’S REPORT<br />
We have audited the attached Balance Sheet of ORISSA INDUSTRIAL INFRASTRUCTURE DEVELOPMENT<br />
CORPORATION, as at 31 st March, 20<strong>10</strong> and the Income and Expenditure account of the corporation for the year<br />
ended on that date annexed thereto. These financial statements are the responsibility of the corporation’s<br />
management. Our responsibility is to express an opinion on these financial statement based on our audit.<br />
We have conducted our audit in accordance with the auditing standards generally accepted in India. Those<br />
standards required that we plan and perform the audit to obtain a reasonable assurance about whether the financial<br />
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting<br />
the amounts and disclosure in the financial statement. An audit also includes assessing the accounts principles<br />
used and significant estimates made by the management, as well as evaluating the over all financial statement<br />
presentation. We believe that our audit provides a reasonable basis for our opinion.<br />
Arising out of such audit, we enclose in Annexure-1, Our various observations which can have significant impact in<br />
case of figures disclosed related to overall state of Affairs of the Balance sheet as at 31.03.20<strong>10</strong> and those related<br />
to income, expenditure as well as surplus of Income and Expenditure Account for the year ended on that date, the<br />
effect whereof are not ascertainable as of date.<br />
Further to our comments under Annexure-1 referred under above para-1, we report that:<br />
a. We have obtained all the information and explanations, which is to the best of our knowledge and belief<br />
were necessary for the purpose of our audit:<br />
b. In our opinion, proper books of accounts as required have been kept by the Corporation, so far as appears<br />
from our examination of those books;<br />
c. The Balance Sheet and the Income and Expenditure account dealt with by this report are in agreement with<br />
the books of account.<br />
d. Subject to our observations under aforesaid para-1, in our opinion and to the best of our information and<br />
according to the explanations given to us the said accounts read together with other notes thereon appearing<br />
in Schedule 23 give the information required by the Orissa industrial infrastructure development corporation<br />
Act, 1980 in the manner so required by the said act and give a true and fair view in conformity with the<br />
accounting principles generally accepted in India.<br />
I. In Case of the Balance Sheet, the State of Affairs of the Corporation as at 31 st March, 20<strong>10</strong>; and<br />
II. In case of the income and Expenditure Account, of the Surplus of the Corporation for the year ended on<br />
that date.<br />
Place : Bhubaneswar<br />
Date : 08.<strong>10</strong>.20<strong>10</strong><br />
For G R C & Associates<br />
Chartered Accountants.<br />
Sd/-<br />
(CA A. Mohapatra)<br />
(Partner)<br />
11
BALANCE SHEET<br />
PREVIOUS YEAR LIABILITIES SCH CURRENT YEAR<br />
Rs.<br />
Rs.<br />
RESERVE & SURPLUS<br />
1,072,769,000.00 Infrastructure Development Fund 1,072,769,000.00<br />
- Add: transferred During CurrentYear - 1,072,769,000.00<br />
INCOME & EXPENDITURE A/C<br />
1,1<strong>10</strong>,169,326.21 Net Surplus as per last Balance Sheet 1,765,532,719.71<br />
Less: Last year Income Tax paid in Current Year 49,626,606.00<br />
655,363,393.50 Add: Net Surplus During Current Year 633,460,175.32<br />
1,765,532,719.71 2,349,366,289.03<br />
2,838,301,719.71 3,422,135,289.03<br />
RECEIPT ON CAPITAL ACCOUNTS<br />
17,863,847,625.00 Infrastructure Receipts 12 21,698,836,648.65<br />
LOANS<br />
5,000,000.00 Other Loans 13 5,000,000.00 5,000,000.00<br />
5,000,000.00<br />
DEPOSITS<br />
35,250,000.00 Grant/Subsidies received(Revenue) 14 15,250,000.00<br />
1,184,837,600.00 Grant/Subsidies received(Capital) 15 1,094,621,580.00<br />
1,220,087,600.00 1,<strong>10</strong>9,871,580.00<br />
CURRENT LIABILITIES & PROVISIONS<br />
On account of<br />
1,388,650,971.51 Deposits from clients 16 1,818,637,146.85<br />
- -<br />
43,326,625.61 Establishment & Others 45,203,668.61<br />
152,350,334.92 Retention Money 178,299,455.92<br />
1,584,327,932.04 2,042,140,271.38<br />
23,511,564,876.75 TOTAL 28,277,983,789.06<br />
Accounting policies and Notes on Accounts 23<br />
Sd/-<br />
Bhubaneswar, (Sri S.P.Tripathy)<br />
the 8th Oct.20<strong>10</strong><br />
Chief General Manager (Finance)<br />
12
AS AT MARCH 31ST, 20<strong>10</strong><br />
PREVIOUS YEAR ASSETS SCH CURRENT YEAR<br />
Rs.<br />
Rs.<br />
FIXED ASSETS<br />
1,088,498,874.56 At cost 1 1,349,053,000.85<br />
513,900,805.19 Less Depreciation to date 661,234,876.32<br />
574,598,069.37 687,818,124.53<br />
INFRASTRUCTURE EXPENDITURE<br />
93,551,365.29 Buildings -<br />
399,963,380.01 Development Of Industrial Areas 2 358,944,057.93<br />
165,149,286.77 Construction Of Industrial Sheds 3 165,149,286.77<br />
14,217,541,991.60 Capital exp.for land acquisition. 5 18,200,686,632.60<br />
507,404,259.93 Construction Work in Progress 4 520,757,076.93<br />
15,383,6<strong>10</strong>,283.60 19,245,537,054.23<br />
CAPITAL EXPENDITURE :<br />
12,865,000.00 Lease Hold Land from Govt Of Orissa 16,345,559.00<br />
2,334,823.50 Free Hold Land 2,334,823.50<br />
121,756,686.00 Construction Work in Progress 240,458,698.00<br />
(Out of own fund)<br />
1,363,588,915.12 Construction Work in Progress 1,430,282,233.47<br />
(From grants & subsidy)<br />
1,500,545,424.62 1,689,421,313.97<br />
2,001,600.00 INVESTMENTS 2,001,600.00<br />
CURRENT ASSETS, LOANS AND ADVANCES:<br />
CURRENT ASSETS:<br />
1,331,664.39 Store Materials 1,197,852.39<br />
21,024,666.38 Receivables 6 76,464,263.37<br />
5,689,875,415.06 Cash & Bank Balances 7 5,951,858,280.31<br />
5,712,231,745.83 6,029,520,396.07<br />
LOANS AND ADVANCES<br />
150,158,961.72 Advance to Suppliers & Contractors 8 127,<strong>10</strong>6,659.72<br />
18,917,133.28 Misc. Advances Recoverable In Cash or Kind 9 19,993,022.28<br />
29,325,<strong>10</strong>5.13 Advance To Staff Members <strong>10</strong> 28,031,966.52<br />
140,176,553.20 Sundry Advances including Other Deposit 11 448,553,651.74<br />
338,577,753.33 623,685,300.26<br />
23,511,564,876.75 TOTAL 28,277,983,789.06<br />
Schedules 1 to 23 form an integral part of the Accounts<br />
As per our report of even date<br />
For GRC & Associates<br />
Chartered Accountants<br />
Sd/- Sd/-<br />
(Sri Priyabrata Patanaik ) (CA A.Mohapatra)<br />
Chairman-cum-Managing Director Partner<br />
13
INCOME AND EXPENDITURE ACCOUNT<br />
PREVIOUS YEAR EXEPENDITURE SCH CURRENT YEAR<br />
Rs.<br />
Rs.<br />
180,704,024.50 Establishment Expenses 17 321,542,927.60<br />
89,270,401.24 Administrative Expenses 18 83,898,990.15<br />
269,974,425.74 405,441,917.75<br />
81,082,339.88 Infrastructure Maintenance Expenses 19 93,631,155.90<br />
6,976,278.84 Contract Work Expenses 16,358,237.00<br />
65,523,369.00 Work Expenses 20 28,488,340.00<br />
<strong>10</strong>0,843.00 Audit Fees & Expenses 21,736.00<br />
72,792,486.00 Depreciation 149,566,479.82<br />
898,763,393.50 Gross surplus 959,642,743.32<br />
1,395,213,135.96 TOTAL 1,653,150,609.79<br />
243,400,000.00 Less: Income Tax prov. For Current Year 326,182,568.00<br />
- (i)Transferred to 'Infrastructure Development Fund' -<br />
655,363,393.50 (ii) Net Surplus transferred to Balance Sheet 633,460,175.32<br />
898,763,393.50 TOTAL 959,642,743.32<br />
Accounting policies and Notes on Accounts 23<br />
Sd/-<br />
Bhubaneswar, (Sri S.P.Tripathy)<br />
the 8th Oct.20<strong>10</strong><br />
Chief General Manager (Finance)<br />
14
FOR THE YEAR ENDED ON MARCH 31ST, 20<strong>10</strong>.<br />
PREVIOUS YEAR INCOME SCH CURRENT YEAR<br />
Rs.<br />
Rs.<br />
99,542,014.24 Income from works 21 <strong>10</strong>9,586,341.00<br />
711,519,198.72 Income from I/Es & Admn.Ch. 22 912,464,592.55<br />
584,151,923.00 Other Income 631,099,676.24<br />
1,395,213,135.96 TOTAL 1,653,150,609.79<br />
898,763,393.50 Gross surplus 959,642,743.32<br />
898,763,393.50 TOTAL 959,642,743.32<br />
Schedules 1 to 23 form an integral part of the Accounts<br />
As per our report of even date<br />
For GRC & Associates<br />
Chartered Accountants<br />
Sd/-<br />
Sd/-<br />
( Sri Priyabrata Patanaik ) (CA A.Mohapatra)<br />
Chairman-cum-Managing Director Partner<br />
15
SCHEDULE-1: FIXED ASSETS SCHEDULE FORMING PART OF<br />
SL. DESCRIPTION GROSS VALUE<br />
NO. Cost as at Addition Deductions Total Cost<br />
1.4.<strong>2009</strong> during the during the as at<br />
(Rs.) year (Rs.) year (Rs.) 31.3.20<strong>10</strong> (Rs.)<br />
INFRASTRUCTURE ASSETS<br />
1 Industrial Roads 118,348,604.93 145,322,518.00 - 263,671,122.93<br />
2 Water Works 118,335,284.00 - 118,335,284.00<br />
3 Electrical Installations 49,018,849.00 11,609,258.00 - 60,628,<strong>10</strong>7.00<br />
4 Infra Buildings-Tower 2000 72,767,893.00 242,182.00 73,0<strong>10</strong>,075.00<br />
5 Infra Buildings-Infocity 146,<strong>10</strong>8,944.92 32,388.00 146,141,332.92<br />
6 Infra Buildings-Fortune Tower 314,444,593.22 93,657,805.29 408,<strong>10</strong>2,398.51<br />
TOTAL 819,024,169.07 250,864,151.29 - 1,069,888,320.36<br />
GENERAL ASSETS<br />
1 W/S system at Duburi,Jajpur 75,623,953.05 252,211.00 75,876,164.05<br />
2 Administrative Building 60,407,841.00 8,274,098.00 68,681,939.00<br />
3 Other Office Buildings 16,776,045.26 16,776,045.26<br />
4 Residential Houses 24,180,734.72 642,639.00 24,823,373.72<br />
5 Plant and Machineries 18,786,075.33 1<strong>10</strong>,400.00 18,675,675.33<br />
6 Motor vehicles - -<br />
a. Jeeps 2,281,988.27 2,450,208.00 1,061,112.00 3,671,084.27<br />
b. Cars <strong>10</strong>,055,1<strong>10</strong>.47 965,000.00 9,090,1<strong>10</strong>.47<br />
c. Trekkers 246,850.47 246,850.47<br />
d. Trucks 1,308,811.61 1,308,811.61<br />
e. Bus 1,943,701.15 1,943,701.15<br />
7 Tractors and Trailers 164,114.88 164,114.88<br />
8 Water Tankers 50,<strong>10</strong>4.63 50,<strong>10</strong>4.63<br />
9 Furnitures and Fixtures 3,458,928.09 72,027.00 3,530,955.09<br />
<strong>10</strong> Office Equipments 5,944,389.36 1,994.00 5,946,383.36<br />
11 Club Equipments 61,961.50 61,961.50<br />
12 Survey Equipments 189,949.69 189,949.69<br />
13 Laboratory Equipments 663,991.96 663,991.96<br />
14 Electrical Equipments 7,653,389.06 197,372.00 7,850,761.06<br />
15 Electronics Equipments 509,533.00 1,600.00 511,133.00<br />
16 Tools and Implements 1,054,<strong>10</strong>6.59 370.00 1,054,476.59<br />
17 Computers and Peripherals 26,503,224.<strong>10</strong> 157,611.00 26,660,835.<strong>10</strong><br />
18 Cameras 5,362,707.00 13,595.00 5,376,302.00<br />
19 Cycles 37,240.70 37,240.70<br />
20 Weed Cutting Boat 5,650,949.00 5,650,949.00<br />
21 Books & Library 68,482.00 13,889.00 82,371.00<br />
22 Motor Cycles 490,522.60 251,127.00 239,395.60<br />
TOTAL 269,474,705.49 12,077,614.00 2,387,639.00 279,164,680.49<br />
GRAND TOTAL 1,088,498,874.56 262,941,765.29 2,387,639.00 1,349,053,000.85<br />
Previous year's figures 1,015,0<strong>10</strong>,058.23 73,523,346.33 34,530.00 1,088,498,874.56<br />
16
BALANCE SHEET AS AT MARCH 31ST, 20<strong>10</strong><br />
DEPRECIATION<br />
WRITTEN DOWN VALUE<br />
As at 1.4.<strong>2009</strong> For the year Adjustment Total as at As at As at<br />
(Rs.) (Rs.) during the year 31.3.<strong>10</strong> 31.3.20<strong>10</strong> 31.3.<strong>2009</strong><br />
(Rs.) (Rs.) (Rs.) (Rs.)<br />
49,738,130.20 19,260,204.00 68,998,334.20 194672788.73 686<strong>10</strong>474.73<br />
96,332,762.18 22,002,521.82 118,335,284.00 0.00 22002521.82<br />
33,414,239.38 3,715,739.00 37,129,978.38 23498128.62 15604609.62<br />
28,579,186.00 4,431,118.00 33,0<strong>10</strong>,304.00 39999771.00 44188707.00<br />
50,227,358.00 9,591,398.00 59,818,756.00 86322576.92 95881586.92<br />
<strong>10</strong>5,250,850.00 30,285,155.00 135,536,005.00 272566393.51 209193743.22<br />
363,542,525.76 89,286,135.82 - 452,828,661.58 617,059,658.78 455,481,643.31<br />
-<br />
- - -<br />
25,255,899.00 50,494,160.00 75,750,059.00 126<strong>10</strong>5.05 50368054.05<br />
26,487,802.05 3,925,631.00 30,413,433.05 38268505.95 33920038.95<br />
13,835,013.28 294,<strong>10</strong>4.00 14,129,117.28 2646927.98 294<strong>10</strong>31.98<br />
<strong>10</strong>,013,831.64 724,412.00 <strong>10</strong>,738,243.64 14085130.08 14166903.08<br />
<strong>10</strong>,512,259.74 1,241,073.00 <strong>10</strong>5,994.35 11,647,338.39 7028336.94 8273815.59<br />
- 0.00 0.00<br />
1,164,777.69 351,348.00 987,409.96 528,715.73 3142368.54 11172<strong>10</strong>.58<br />
7,215,330.64 425,967.00 889,901.59 6,751,396.05 2338714.42 2839779.83<br />
246,543.29 47.00 246,590.29 260.18 307.18<br />
1,306,541.74 341.00 1,306,882.74 1928.87 2269.87<br />
1,943,701.15 1,943,701.15 0.00 0.00<br />
164,089.19 4.00 164,093.19 21.69 25.69<br />
50,081.81 <strong>10</strong>.00 50,091.81 12.82 22.82<br />
2,570,482.79 94,060.00 2,664,542.79 866412.30 888445.30<br />
5,455,096.06 73,694.00 5,528,790.06 417593.30 489293.30<br />
43,564.85 2,760.00 46,324.85 15636.65 18396.65<br />
185,553.31 660.00 186,213.31 3736.38 4396.38<br />
626,381.69 5,642.00 632,023.69 31968.27 376<strong>10</strong>.27<br />
7,652,004.91 156,545.00 7,808,549.91 42211.15 1384.15<br />
494,355.45 5,034.00 499,389.45 11743.55 15177.55<br />
1,003,502.33 7,647.00 1,011,149.33 43327.26 50604.26<br />
22,576,926.64 2,450,175.00 25,027,<strong>10</strong>1.64 1633733.46 3926297.46<br />
5,357,949.61 5,506.00 5,363,455.61 12846.39 4757.39<br />
31,8<strong>10</strong>.93 815.00 32,625.93 4614.77 5429.77<br />
5,650,949.00 5,650,949.00 0.00 0.00<br />
50,040.00 16,699.00 66,739.00 15632.00 18442.00<br />
463,790.64 4,0<strong>10</strong>.00 249,<strong>10</strong>2.79 218,697.85 20697.75 26731.96<br />
150,358,279.43 60,280,344.00 2,232,408.69 208,406,214.74 70,758,465.75 119,116,426.06<br />
513,900,805.19 149,566,479.82 2,232,408.69 661,234,876.32 687,818,124.53 574,598,069.37<br />
441,142,150.55 72,792,486.00 33,831.36 513,900,805.19 574,598,069.37 573,867,907.68<br />
17
SCH-4: CONSTRUCTION WORK-IN-PROGRESS (OUT OF OWN FUNDS)<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
1,644,845.93 50<strong>10</strong>18 Alluminium Park, Khurda 1,644,845.93<br />
117,452,376.00 50<strong>10</strong>25 Kalinga Nagar Infra Dev.work 120,288,457.00<br />
1,921,160.00 50<strong>10</strong>26 Info Park Compound Wall 1,921,160.00<br />
339,513,616.00 50<strong>10</strong>31 2nd IT Park(Knowledge Park) 345,736,948.00<br />
3,588,772.00 50<strong>10</strong>36 Improvement of <strong>IDCO</strong> Exibition Ground 5,960,276.00<br />
6,223,735.00 50<strong>10</strong>37 Aluminiumpark,Angul, JV with Nalco 6,491,135.00<br />
1,247,200.00 50<strong>10</strong>38 Exp. on IIU Scheme 2,901,700.00<br />
1,685,400.00 50<strong>10</strong>39 Projects th. PPP Mode 1,685,400.00<br />
2,000.00 50<strong>10</strong>40 Rehabilitation Colony,Mantira,Duburi 2,000.00<br />
33,672,521.00 403005 IT & Corporate Tower with ICE MALL 33,672,521.00<br />
452,634.00 40<strong>10</strong>14 STP, Balasore 452,634.00<br />
507,404,259.93 Total 520,757,076.93<br />
SCHEDULE - 2 : CAPITAL EXPENDITURE TOWARDS DEVELOPMENT OF INDUSTRIAL ESTATES<br />
Sl.No. Description Expenditure up to the<br />
end of previous year (Rs.)<br />
1 Development Expenditure 399,963,380.01<br />
Total 399,963,380.01<br />
SCHEDULE - 3 : CAPITAL EXPENDITURE TOWARDS CONSTRUCTION OF INDUSTRIAL ESTATES<br />
Sl.No. Description Expenditure up to the<br />
end of previous year (Rs.)<br />
1 Development Expenditure 165,149,286.77<br />
Total 165,149,286.77<br />
18
AS AT MARCH 31ST, 20<strong>10</strong><br />
Expenditure Total Deductions Net<br />
during the year (Rs.) Expenditure (Rs.) ( written back) (Rs.) (Rs.)<br />
44,834,436.92 444,797,816.93 85,853,759.00 358,944,057.93<br />
44,834,436.92 444,797,816.93 85,853,759.00 358,944,057.93<br />
AS AT MARCH 31ST, 20<strong>10</strong><br />
Expenditure Total Deductions Net<br />
during the year (Rs.) Expenditure (Rs.) ( written back) (Rs.) (Rs.)<br />
- 165,149,286.77 - 165,149,286.77<br />
- 165,149,286.77 - 165,149,286.77<br />
19
SCHEDULE - 5 : CAPITAL EXP. FR. LAND ACQUISATION<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
883,168,418.00 502003 LA for Duburi.-Steel Complex 1,013,127,896.00<br />
1,050,892,548.00 502004 LA for projects(Govt Land.-for Industries) 1,240,214,929.00<br />
141,880.00 502006 LA EXP. FOR PCPIR PROJECT, PARADIP 141,880.00<br />
2<strong>10</strong>,546,447.00 502007 LA EXP. FOR LAND BANK 812,762,897.00<br />
87,282,455.00 502001 LA EXP. for projects-govt. 87,282,455.00<br />
11,985,5<strong>10</strong>,243.60 502002 LA for projects(Private Land.-for Industries) 15,046,329,370.60<br />
502005 Exp. On Infrastructure Dev. Of land 9,035.00<br />
502008 Exp. For logistic support-POSCO LA work 818,170.00<br />
14,217,541,991.60 TOTAL 18,200,686,632.60<br />
SCHEDULE - 6 : RECEIVABLES<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
16,422,990.59 304015 OSIC adjustment account 16,422,990.59<br />
201,516.47 304014 IPICOL adjustment account -<br />
12,070.71 305012 Insurance Claim Receivable 12,070.71<br />
55,644,113.46 512004 Income tax ded at source(Refundable) 55,644,113.46<br />
4,388,088.61 512003 Misc. deduction 4,385,088.61<br />
76,668,779.84 TOTAL 76,464,263.37<br />
SCHEDULE - 7 : CASH AND BANK BALANCES<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
177,289.<strong>10</strong> Cash in hand 297,581.95<br />
3,070,995.50 504021 Cash in Transit. 15,784,347.21<br />
5,278,378,198.40 Cash at Bank in STD A/C. 5,221,730,5<strong>10</strong>.02<br />
396,922,071.12 In Current A/C.(Including CLTD A/C with 597,695,347.24<br />
SBI,<strong>IDCO</strong> TOWER BR.)<br />
11,326,860.94 In Savings Bank A/C. 116,350,493.89<br />
5,689,875,415.06 TOTAL 5,951,858,280.31<br />
20
SCHEDULE - 8 : ADVANCE TO SUPPLIERS AND CONTRACTORS<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
24,412,014.39 514002 Adv. to Suppliers for other purchase 25,078,085.39<br />
514005<br />
125,746,947.33 514004 Advance to Contractors. <strong>10</strong>2,028,574.33<br />
150,158,961.72 TOTAL 127,<strong>10</strong>6,659.72<br />
SCHEDULE - 9 : MISC.ADV. RECOVERABLE IN CASH OR KIND<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
7,230,604.00 508003 Loans to others. 7,249,993.00<br />
11,686,529.28 513018 Misc. Advance. 12,743,029.28<br />
18,917,133.28 TOTAL 19,993,022.28<br />
SCHEDULE - <strong>10</strong> : ADVANCE TO STAFF<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
736,363.54 513001 Advance to employees salary 1,609,660.54<br />
1,485,420.76 513003 Adv. to employees travelling 1,464,344.86<br />
817,976.77 513004 Adv. to employees festival 516,576.77<br />
18,267.18 513005 Adv. to employees LTC 13,167.18<br />
1,685,142.17 513006 Adv. to employees Medical 1,307,307.17<br />
2,776,674.24 513009 Adv. to emp. S & M.Cycle 3,017,854.24<br />
1,788,004.61 513008 Adv. to employees Car 2,089,633.61<br />
2,551,239.65 513015 Staff Advance 2,803,593.41<br />
1,737,896.51 513016 Works Advance. 1,770,901.01<br />
49,859.05 513002 Adv. to employees Wages 49,859.05<br />
8,961,676.<strong>10</strong> 513011 House Building Advance 7,528,052.<strong>10</strong><br />
4,302.00 513014 Adv. to employees Others 4,302.00<br />
5,226,312.05 5130<strong>10</strong> Adv. to employees-Computer 4,280,385.05<br />
30,683.50 513012 Adv. to employees-Cyclone. 31,433.50<br />
272,090.00 513013 Spl. HB Advance 273,471.03<br />
1,183,197.00 513007 Deposit of leave salary 1,271,425.00<br />
29,325,<strong>10</strong>5.13 TOTAL 28,031,966.52<br />
21
SCHEDULE - 11 : SUNDRY ADV. INCLUDING OTHER DEPOSITS<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
5,997,016.90 51<strong>10</strong>01 Misc. deposits 5,997,016.90<br />
128,522.00 51<strong>10</strong>04 Dpst.of Invmnt. subsidy for outright sale of sheds. 128,522.00<br />
21,1<strong>10</strong>,875.14 51<strong>10</strong>02 Security deposit 22,139,815.14<br />
52,680,187.70 51<strong>10</strong>03 EMD 47,600,187.70<br />
512001 Income tax deducted at source(current Yr.) 41,501,125.00<br />
Adv. tax paid against Fringe-Benefit and<br />
514009 Income -Tax 326,571,147.00<br />
4,615,838.00 512002 ST deducted at source. 4,615,838.00<br />
84,532,439.74 TOTAL 448,553,651.74<br />
SCHEDULE - 12 : RCPT. ON CAPITAL ACCOUNT - INFRA. RCPTS<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
1,540,965.03 302007 Deposits from Industrialist 1,540,965.03<br />
9,450,740.64 30<strong>10</strong>17 Premium Price for Plots 9,450,740.64<br />
47,373,981.91 30<strong>10</strong>04 H.P.Instalment Receipt (Plot) 48,008,148.02<br />
155,179,630.79 30<strong>10</strong>05 H.P.Instalment receipt (sheds) 166,016,121.85<br />
414,403.00 30<strong>10</strong>06 H.P.Instalment receipt (shops) 789,713.00<br />
269,665,585.09 30<strong>10</strong>02 Premium Price for outright sale of sheds 287,071,005.09<br />
14,526,649.29 30<strong>10</strong>18 Prem. price for sheds 14,526,649.29<br />
8,206,960.30 30<strong>10</strong>19 Capital Profit on sale of assets 8,235,660.30<br />
2,090,<strong>10</strong>6,721.58 30<strong>10</strong>01 Prem. price for outright sale of land 2,393,597,4<strong>10</strong>.06<br />
959,518.50 30<strong>10</strong>11 Deposit for reservation charges of land 959,518.50<br />
55,718,173.00 302001 Dep. For LA Projects-Govt. 61,342,173.00<br />
1,054,608,988.00 302006 Dep. For LA Projects-(Govt. Land) fr. Industries 1,230,991,398.00<br />
1,515,341.80 30<strong>10</strong>03 Prem. price for outright sale of shops. 1,546,326.80<br />
1,748,777,534.00 302003 Dep. For LA Projects-Steel Complex 1,751,183,334.00<br />
12,209,290,496.07 302002 Capital Receipts - Industrialists(pvt.Land) 15,556,994,692.07<br />
33,670,368.00 30<strong>10</strong>13 EPIP Projects(Receipts- pvt. parties) 33,670,368.00<br />
141,344,554.00 30<strong>10</strong><strong>10</strong> OR sale of space in Fortune tower 132,912,425.00<br />
17,842,350,611.00 TOTAL 21,698,836,648.65<br />
22
SCHEDULE - 13 : OTHER LOANS<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
5,000,000.00 205001 OMAD Fund 5,000,000.00<br />
5,000,000.00 TOTAL 5,000,000.00<br />
SCHEDULE - 14 : GRANT/ SUBSIDIES RECEIVED (REVENUE GRANT)<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
15,250,000.00 203012 Govt. of Orissa ,Indl. Maint. Grant. 15,250,000.00<br />
15,250,000.00 TOTAL 15,250,000.00<br />
SCHEDULE - 15 : GRANT/ SUBSIDIES RECEIVED (CAPITAL GRANT)<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
500,000.00 203007 Govt. of Orissa ,Ind. Dept. for W/S works. 500,000.00<br />
606,000.00 203013 Govt. of Orissa,Rev.Dept. for Central Tool Room 606,000.00<br />
& training Centre (CTTC)<br />
357,023,000.00 203011 Grants fm Govt. of India under Assitance to 357,023,000.00<br />
States for Developing Export Infrastructure and<br />
Allied Activities for involvement of States in<br />
Export Effort(ASIDE)-Relating to <strong>IDCO</strong> only<br />
40,000,000.00 203002 Govt. of India subsidy under No Industry Dist(NID) 40,000,000.00<br />
132,800,000.00 203003 Grants fm Govt. of India for Export 132,800,000.00<br />
Promotion Industrial Park(EPIP)<br />
207,200,000.00 203004 Subsidy fm Govt. of India for Growth Centre 207,200,000.00<br />
29,868,000.00 203005 Grants fm Govt. of India for Integrated 33,241,000.00<br />
Infrastructure Development Centre(IID)<br />
5,000,000.00 203009 Grants fm Govt. of Orissa for Integrated 5,000,000.00<br />
Infrastructure Development Centre(IID)<br />
<strong>10</strong>9,486,000.00 203006 Subsidy fm Govt. of Orissa for Growth Centre <strong>10</strong>9,486,000.00<br />
20,000,000.00 203014 Grants fm GOI, Food Processing, Khurda 20,000,000.00<br />
7,500,000.00 203015 Grants Fm. Govt. of India fr. EPIP-Circular 7,500,000.00<br />
Infrastructure Balance(CIB) Scheme<br />
<strong>10</strong>8,000,000.00 203008 Grants from Govt.(STA ,PURI) 1<strong>10</strong>,500,000.00<br />
2030<strong>10</strong> Central Assistance for Urban Haat Project 4,500,000.00<br />
203017 Subsidy from Govt. of Orissa for ITIR,BBSR 779,580.00<br />
203018 Grant from GOI-MEGA Food Park in Orissa 19,199,000.00<br />
203019 Grant from GOO-External Linkage to SEZ 20,000,000.00<br />
20,000,000.00 203021 Grant from GOO-New Ies for downstream Industries 20,000,000.00<br />
203022 Grant from GOO-Urban Haat Project 6,287,000.00<br />
1,037,983,000.00 TOTAL 1,094,621,580.00<br />
23
SCHEDULE - 16 : DEPOSITS FROM CLIENTS<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
251,500,000.00 30<strong>2009</strong> Adv. against <strong>IDCO</strong> Adm. Ch 205,400,205.00<br />
4,028,121.00 304024 Adv. against works 4,028,121.00<br />
762,541,849.62 303001 Agency deposit -others 601,145,324.37<br />
to 303004<br />
163,454,600.00 203011 Liability towards ASIDE Grants-Other than <strong>IDCO</strong> 242,177,000.00<br />
32,057,616.21 304001 EMD from Contractors 28,1<strong>10</strong>,773.21<br />
88,294,388.74 304003 S.D.from Contactor 121,896,159.74<br />
184,888.13 304005 Other Deposit from Contractor 184,888.13<br />
3,185,050.03 304002 EMD from suppliers 3,097,950.03<br />
1,017,707.23 304004 S.D. from suppliers 1,278,208.23<br />
1,241,807.50 30<strong>10</strong>07 Deposit for rent of sheds 1,259,717.50<br />
3,400,000.00 203016 IPICOL -<br />
33,344,087.73 30<strong>10</strong>09 Misc. deposit 33,498,018.73<br />
76,400.00 304023 Deposit for regn.fees for housing scheme 76,400.00<br />
46,309,874.90 30<strong>10</strong>08 S.D. for Water Supply 32,896,066.90<br />
13,114,011.37 304012 S.D.for others 13,039,624.37<br />
23,060,117.00 304021 S.D. from Buildings 27,930,219.00<br />
173,234.00 305005 Group Savings Linked Insurance(GSLI) claims 194,043.00<br />
353,000.00 30<strong>10</strong>12 Deposit for shop 353,000.00<br />
774,062.05 304009 Service Tax claim/payment 949,577.64<br />
70,445,122.00 302004 Land Acquisition Officer(LAO) Admin. Charges <strong>10</strong>5,528,237.00<br />
29,959,680.00 30<strong>10</strong>16 Other dep. For L.A 20,644,077.00<br />
& 302005<br />
45,355,303.00 304026 IIUS COMPONENT RCPTS/PMNTS (STEEL COMPLEX) 45,635,303.00<br />
2,885,000.00 304018 Mobilisation Adv. Received 2,885,000.00<br />
37,687.00 308001 EDLI Benefit A/C(RCPT/PMNT) 37,687.00<br />
308003 Prov. For Income -Tax for Current Year 326,182,568.00<br />
208,978.00 308002 Time Barred Cheques(Stale Cheques) 208,978.00<br />
1,577,002,585.51 TOTAL 1,818,637,146.85<br />
24
SCHEDULE - 17 : ESTABLISHMENT EXPENSES<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
135,742,279.00 70<strong>10</strong>01 Salaries and Allowances 223,031,995.60<br />
1,966,725.00 70<strong>10</strong>02 Wages 1,234,252.00<br />
<strong>10</strong>,420.00 70<strong>10</strong>04 Leave travel concession -<br />
1,915,952.00 70<strong>10</strong>06 Uniform and clothes 4,015,605.00<br />
7,613,918.00 70<strong>10</strong>07 Employers Contribution to PF 16,145,442.00<br />
5,180,000.00 70<strong>10</strong>08 Group gratuity cum LIP 46,065,200.00<br />
621,909.00 70<strong>10</strong>09 Leave Salary and pension contribn. 663,780.00<br />
2,469,796.00 70<strong>10</strong><strong>10</strong> Reimbursement of conveyance exp. 2,500,774.00<br />
536,832.00 70<strong>10</strong>11 Reimbursement of servant expenses 1,000,629.00<br />
2,521,976.00 70<strong>10</strong>12 Incentive to employees 2,022,197.00<br />
4,642,635.00 70<strong>10</strong>13 Bonus to Employees 4,425,<strong>10</strong>2.00<br />
<strong>10</strong>,026,691.00 70<strong>10</strong>24 Ex-gratia to Employees 12,930,793.00<br />
516,976.00 7020<strong>10</strong> House rent 406,791.00<br />
859,176.00 70<strong>10</strong>05(3) Medical expenses 1,319,496.00<br />
5,004,889.00 70<strong>10</strong>19 Employer's contribution to Pension Fund 5,204,600.00<br />
594,613.00 70<strong>10</strong>21 Payment on account of VRS -<br />
7,261.00 70<strong>10</strong>22 Contribution fr Welfare Fund 48,187.00<br />
471,976.50 70<strong>10</strong>16(5) Admn & insp ch.on P.F,F.P.F, E.D.L.I 528,084.00<br />
180,704,024.50 TOTAL 321,542,927.60<br />
25
SCHEDULE - 18 : ADMINISTRATIVE EXPENSES<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
3,200.00 70<strong>10</strong>20 Accident Death compensation 6,400.00<br />
2,653,008.00 702001 Travelling and conveyance 2,621,668.00<br />
702047 Travelling and conveyance(Foreigh Tours) 53,857.00<br />
1,996,053.00 702002 Advertisement and publicity 2,986,753.00<br />
2,496,006.55 702003 Printing and stationery 2,006,811.50<br />
1,547,904.81 702004 Telephone and telexe charges 1,664,737.37<br />
456,461.17 702033 Internet & E-Mail expenses 276,470.00<br />
438,343.90 702007 Vehicle repairs 392,455.00<br />
4,875,503.60 702006 Vehicle Maintenance 4,608,5<strong>10</strong>.65<br />
<strong>10</strong>6,389.00 702008 Vehicle insurance 207,519.00<br />
<strong>10</strong>,133,936.00 702038 Municipal fees 3,144,654.00<br />
21,<strong>10</strong>8.00 702011(2) Rent,rates and taxes 124,4<strong>10</strong>.00<br />
457,197.00 702042 Insurance charges 382,853.00<br />
75,167.00 702017 News papers and peridicals 68,137.00<br />
206,445.00 702005 Postage and telegrams 737,522.00<br />
17,601,545.76 702027 Repairs and maintenance of Adm.Bldg. 18,057,934.75<br />
27,987.00 70<strong>10</strong>14 Staff Welfare Expenses 506,429.00<br />
354,603.00 702028 Repairs and mainrenance-others 206,084.00<br />
263,454.78 702012 Bank charges 231,719.57<br />
30,761,250.00 702014 Donation & Subscription 30,285,200.00<br />
702015<br />
957,077.00 702019 Legal expenses 443,4<strong>10</strong>.00<br />
4,500.00 702021 Directors' sitting fees 4,000.00<br />
<strong>10</strong>1,299.00 702024 Membership fees 52,678.00<br />
3,757,853.00 702025(11) General expenses 6,944,859.00<br />
1,414,315.00 702041 Miscellaneous fees 1,283,098.00<br />
80,627.00 702032 Computerisation charges 1,595,767.00<br />
1,126,492.00 702034 Computer consumables 2,033,870.00<br />
4,579,017.67 702030 Rprs and maint. of staff quarters 2,929,456.31<br />
51,5<strong>10</strong>.00 702031 Rprs and maint. of other assets 41,727.00<br />
13,260.00 706005 Profession Tax paid -<br />
922,036.00 706006 Fringe benefit Tax -<br />
1,786,851.00 702043 Expenditure on Exibition -<br />
89,270,401.24 TOTAL 83,898,990.15<br />
26
SCHEDULE - 19 : INFRASTRUCTURE MAINT. EXPENCES<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
18,043,278.38 702037(3) Electricity charges 13,609,229.90<br />
605004<br />
12,798,908.00 705006 Water charges <strong>10</strong>,017,272.00<br />
708004<br />
37,717.00 702026 Gardening and horticulture 24,551.00<br />
- 704001 Decreetal dues paid 704,507.00<br />
7,483.00 707002 Intt. On delayed payments -<br />
1,667,861.00 703003 R/M-Water supply System in I/Es 127,950.00<br />
48,527,092.50 703002(3) Repairs and maintenance-sheds 69,147,646.00<br />
81,082,339.88 TOTAL 93,631,155.90<br />
SCHEDULE - 20 : WORKS EXPENSES<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
2,273,586.00 702029 Rprs.& Maint. of Plant and Machinery 2,071,005.50<br />
51,000,000.00 705014 INFRA GRANT TO JCDL -<br />
7,993,515.00 705004 Design and Consultancy Charges 20,799,592.00<br />
39,641.00 705007 Misc. Exp. For works 64,321.00<br />
500.00 705001 Purchase of Tender Paper 3,342.00<br />
63,446.00 705003 Storage Incidental Charges 22,928.00<br />
28,131.00 705008 Laboratory Expenses <strong>10</strong>8,906.00<br />
2,295,984.00 70<strong>2009</strong> Hire Charges Paid 2,694,116.50<br />
3,463.00 705013 OHSDP PACKAGE-5 -<br />
1,825,<strong>10</strong>3.00 703006 R&M of Urban Haat 2,724,129.00<br />
65,523,369.00 TOTAL 28,488,340.00<br />
27
SCHEDULE - 21 : INCOME FROM WORKS<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
85,168,006.00 603004 Supervision Charges Realised <strong>10</strong>4,846,274.00<br />
558,843.00 603001(6) Works Income 301,971.00<br />
<strong>10</strong>2.24 603007 Storage charges realised -<br />
86,500.00 606014 Reg. Fees from Vendors 226,000.00<br />
1,647,174.00 60<strong>10</strong>11 Income from Ekamra Haat 1,716,969.00<br />
12,081,389.00 603002 Contract work Recepts-Const.works 2,495,127.00<br />
99,542,014.24 TOTAL <strong>10</strong>9,586,341.00<br />
SCHEDULE - 22 : INCOME FROM INDUSTRIAL ESTATES<br />
PREVIOUS YEAR CODE PARTICULARS CURRENT YEAR<br />
(Rs.)<br />
(Rs.)<br />
956,399.00 60<strong>10</strong>01 Rent Received on I/es 5,642,049.50<br />
3,287,162.11 60<strong>10</strong>02 Interest received on plots 2,528,048.53<br />
60<strong>10</strong>12<br />
3,822,491.59 60<strong>10</strong>03 Interst receipt on sheds 7,421,501.50<br />
60<strong>10</strong>14<br />
4,251,162.00 60<strong>10</strong>05 Processing Fees 8,423,246.00<br />
17,640,721.95 60<strong>10</strong>08 Transfer fees Realised 22,432,289.63<br />
263,209.00 60<strong>10</strong>15 Occupation Ch. Realised from IEs 3,194,865.00<br />
34,751,241.22 60<strong>10</strong><strong>10</strong> Water Charges Realised fm IE's 72,196,798.81<br />
3,042.00 605002 Water Charges Realised fm Buildings -<br />
12,397,615.00 605003 Water Charges Realised fm Tenants 445,136.00<br />
203,372.00 606001 Water Charges Realised fm Staff Qtrs 197,008.00<br />
17,368,269.09 60<strong>10</strong>09 Ground Rent Collection 15,468,008.49<br />
13,021,468.54 60<strong>10</strong>13 Cess Collections 11,879,890.30<br />
573,837,685.00 602001 Administration Charges Realised(LA) 732,095,022.00<br />
261,581.00 604004 Intt. Receipts on land(Duburi Steel complex) -<br />
<strong>10</strong>,236,022.00 605006 Maintenance Charges Realised 9,475,782.00<br />
19,217,757.22 60<strong>10</strong>07 Infrastructure Maintenance Charges 21,064,946.79<br />
711,519,198.72 TOTAL 912,464,592.55<br />
28
ISO 9001 & 14001 CORPORATION<br />
SCHEDULE-23: NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR <strong>2009</strong>-<strong>10</strong><br />
1. The accounts of the Corporation have been prepared on the historical cost basis. The Corporation has<br />
adopted cash system of accounting w.e.f Dt.01/04/1996 which was approved by the Board of Directors of<br />
<strong>IDCO</strong> in their 40 th meeting held on Dt.25/06/1996.<br />
2. In accordance with the rules of OIIDC Act, the excess of Assets over liabilities transferred from OSIC to the<br />
Corporation amounting to Rs.164.23 lakh is to be treated as subsidy/grant from Govt. of Orissa. Accordingly<br />
Corporation moved to the Govt. of Orissa to confirm such excess value, as subsidy/grant to the Corporation.<br />
3. From F.Y 2003-04 depreciation have been charged uniformly on Written down value method on all assets at<br />
the rates prescribed under Income Tax Act.<br />
4. The Corporation is in process of reconciliation/adjustment of various old outstanding balances on account<br />
of advances/liabilities.<br />
5. The figures of previous year have been regrouped and rearranged wherever necessary to make them comparable<br />
with those of the current year.<br />
As per our report of even date<br />
for GRC & Associates<br />
Chartered Accountants<br />
Sd/- Sd/- Sd/-<br />
(Sri S.P.Tripathy) (Sri Priyabrata Patnaik) (CA A.Mohapatra)<br />
Chief General Manager (Finance) Chairman-cum-Managing Director Partner<br />
Bhubaneswar,<br />
The 8th day of October, 20<strong>10</strong><br />
29
CONTACT CT FOR BUSINESS PROPOSALS<br />
Chairman-cum-Managing Director, <strong>IDCO</strong> Towers, Bhubaneswar - 751 022<br />
Ph : 0674-2542784 (O), 0674-2536677 (R), E-mail:chairman@idcoindia.com<br />
CORPORATE OFFICE, <strong>IDCO</strong> TOWERS<br />
R.K. Agarwal, CGM (Civil) <strong>IDCO</strong>, Bhubaneswar, Ph : 0674-2542008(O), 2535787(R), E-mail:civil@idcoindia.com<br />
G.R. Das, Consultant (P&A) & Land, <strong>IDCO</strong>, Bhubaneswar, Ph : 0674-2542248(O), 2361474(R), E-mail:land@idcoindia.com<br />
S.P. Tripathy, CGM (Finance), <strong>IDCO</strong>, Bhubaneswar, 0674-2541504, 94372530<strong>10</strong> (M), E-mail:fin@idcoindia.com<br />
Pramod Ch. Pradhan, CGM(ID), <strong>IDCO</strong>, Bhubaneswar, Ph : 0674-2546894 (R). E-mail:id@idcoindia.com<br />
G.C. Mangual, CGM (P & C) <strong>IDCO</strong>, Bhubaneswar, Phone-0674-2542465<br />
Sudeep Nayak, CGM (Env), <strong>IDCO</strong>, Bhubaneswar, 9437091671-2541525 (O)<br />
G. Panda, Consultant (P&C), <strong>IDCO</strong>, Bhubaneswar, Ph : 0674-2540820 (O), 2361818 (R), E-mail:p&c@idcoindia.com<br />
M.K. Mishra, Mgr (Civil) & MR, <strong>IDCO</strong>, Bhubaneswar, 9437092229<br />
DIVISION OFFICE<br />
Abakash Mishra, Maintenance Division, <strong>IDCO</strong>, Ph : 0674-2580625, 2586685<br />
S. Baral, BCD-I, <strong>IDCO</strong>, Bhubaneswar, Ph : 0674-2543886(O), E-mail:bed1@idcoindia.com<br />
Bibhukishore Mohanty, BCD-II, <strong>IDCO</strong>, Bhubaneswar, Ph : 0674-2543891 (O), E-mail:bed2@idcoindia.com<br />
B. Swain, Electrical Division, <strong>IDCO</strong>, Bhubaneswar, Ph : 0674-2542766(O), 2517397(R), E-mail:bbsrelect@idcoindia.com<br />
S.K. Dash, Water Supply Division, <strong>IDCO</strong> Bhubaneswar, Ph: 0674-2543820(O), 2350809(R),<br />
E-mail:bbsrws@idcoindia.com<br />
R.K. Mohapatra, Cuttack Division, <strong>IDCO</strong>, I.E. Jagatpur, Ph: 0671-2491716(O), E-mail:ctk@idcoindia.com<br />
B.B. Dhal, Jajpur Road Division, <strong>IDCO</strong>, At/Po : Dala, Jajpur Road, Dist. Jajpur, Ph:06726-224206<br />
M.N. Mohanta, Balasore Division, <strong>IDCO</strong>, I.E. Anganagadia, Ph : 06782-262623(O), E-mail:blsr@idcoindia.com<br />
N.K. Sahoo, Berhampur Division, <strong>IDCO</strong>, I.E. Berhampur, Ph: 0680-2290923(O), 2291279, E-mail:bhp@idcoindia.com<br />
B.N. Barik, Angul Division, <strong>IDCO</strong>, Angul Industrial Estate, Angul, Ph:06764-236497<br />
P. Nayak, Jharsuguda Division, <strong>IDCO</strong>, I.E., Ph: 6645272908(O), E-mail:smbp@idcoindia.com<br />
A.K. Mishra, Rourkela Division, <strong>IDCO</strong>, 15 Civil Township Area - 7&8, Ph:2401525(O), E-mail:rkl@idcoindia.com<br />
R.K. Nayak, Sunabeda Division, <strong>IDCO</strong>, 4R-1/1, A.E.F. Colony, Ph : 220211(O), E-mail:snbbd@idcoindia.com<br />
G.S. Nayak, Bolangir Division, <strong>IDCO</strong>, Ph : 06652-232405(O), E-mail:blngr@idcoindia.com<br />
B.K. Samantray, Ekamrahat Division, <strong>IDCO</strong>, Unit-3, Exhibition Ground, Bhubaneswar, Ph : 0674-2393169<br />
S.K. Jena, GA Qrs Division, <strong>IDCO</strong>, Bhubaneswar, Ph : 0674-2743030 (O)<br />
S.K. Nayak, Keonjhar Division, 9338495431 (M)<br />
S.C. Khuntia, IIT Division, 9437541405 (M)<br />
P.K. Swain, Water Supply Division-II, <strong>IDCO</strong> Bhubaneswar, Ph. 0674-2744890<br />
30