Corrigendum Notice of EOI Published on 27.01.16 for Appointment of Firm of Chartered

Corrigendum Notice of EOI published on 27.01.16 for Appointment of Firm of Chartered / Cost Accountants to conduct the Internal Audit in JUSNL for the FY 2014-15 & 2015-16.

Sl Page Previously floated terms Corrigendum No No 1 2 Jharkhand Urja Sancharan Nigam Limited Jharkhand Urja Sancharan Nigam Limited invites expression of interest (EOI) from firms invites expression of interest (EOI) from of Chartered / Cost Accountants for firms of Chartered / Cost Accountants for appointment as Internal Auditors for the appointment as Internal Auditors for the following offices for the FY 2014-15, 2015-16 following offices for the FY 2014-15, 2015- (concurrent audit monthly /quarterly):-- 16.

2 2 The location of the Firm should be in the The branch offices of the Firm should be in following Cities: the following Cities: 3 4 No. of professionally qualified CA as No. of professionally qualified CA/CMA as partners/employee partners/employee 4 5 Number of 4 marks for Number of 3 marks for Chartered each Chartered each Partners in associate Partners in associate the firm member the firm member 20 marks 15 marks and 5 and 4 marks for marks for each fellow each fellow member member 5 5 Audit 5 marks for Audit 5 marks for Experience audit Experience audit in power assignment 15 marks in power assignmen 20 marks sector of each sector t of each companies companies 6 5 The firm has to score minimum 60 The firm has to score minimum 60 marks in above criteria. Thereafter marks in above criteria and all the price part, of those firms who has score firm should have at least (30%) thirty minimum 60 marks, will be opened. present marks in all the above criteria otherwise their price part will not be opened. Price part, of those firms who have obtained more than 60 marks, will be opened. 7 5 Number of qualified assistants (Chartered Number of qualified assistants (Chartered Accountant) in the firm. He should be a Accountant/ Cost Accountant) in the firm. member of his respective institute He should be a member of his respective institute 8 5 Number of semi qualified assistant (inter Number of semi qualified assistant (inter Chartered Accountant) in firm Chartered Accountant/ Cost Accountant) in firm 9 5 The firms having the experience of conducting The firms having the experience of cost audit in Central/ State PSUs conducting Internal audit in Central/ State PSUs 10 5 The firm having office in Ranchi, Jharkhand The firm having office in, Jharkhand 11 8 Part A+ Part B+ Part C Part A+Part B 12 8 Separate rate may be quoted for each part and Separate rate may be quoted for each part if any firm is interested for only one part or Zone part wise. However work may be two part rate may be quoted accordingly. assigned to single firm or multiple as per However work may be assigned to single firm necessity. and more than two as per necessity. 13 8 The firm shall be paid 50% of Audit Fee of each The Audit report submitted by the firm shall part (i.e. Part A, Part B, Part C) on submission be placed before the committee constituted of Report and remaining 30% on each part (i.e. for the purpose and after recommendation of the committee 60% of each part (i.e. Part Part A, Part B, Part C) on acceptance of report A and Part B) fee shall be paid on approval by competent authority and balance 20% on of the competent authority. If Audit report is Finalization of /Statutory Audit/CAG Audit not found satisfactory by the committee, etc. of company. . firm will be asked to submit report again and remaining 40% of each part (i.e. Part A and Part B) fee shall be paid on finalisation of statutory Audit/CAG Audit/ approval of accounts by BOD. 14 8 Completion period for FY 2014-15 of Part A:- 3 Completion period for FY 2014-15 of Part A: Months - 45 days

15 8 Completion Period for FY 2015-16 for Part A:- 4 Completion Period for FY 2015-16 of Part A: Months - for 60 days. 16 8 Completion period for FY 2014-15 of Part B: - 6 Completion period for FY 2014-15 of Part B: - Months 4 Months 17 Last date of submission of the expression of Last date of submission of the expression interest is 22.02.2016 up to 01.00 PM of interest is 07.03..2016 up to 01.00 PM 18 The JUSNL further reserves the right to select/reject the offer of any firm based on the requirement of the company as regards to location, experience, price etc.

19 Those firms who have already submitted their offer are requested to resubmit their revised offer as per corrigendum as mentioned hereinabove.

Note: - Scope of work Part C has been merged into Part A, no separate offer required to be submitted by the firm for Part C.

Finance Controller-II Jharkhand Urja Sancharan Nigam Limited Regd. Office:- Engineering Building, HEC, Dhurwa, Ranchi-834004,