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Annexure-1 Oraganisations who recognised CMAs for Internal Audit/Concurrent Audit S.No. Name of Organisations Central PSU 1 Airports Authority of India 2 Andaman and Nicobar Islands Integrated Development Corporation Limited 3 Andrew Yule & Company Limited 4 Artificial Limbs Manufacturing Corporation of India Limited 5 Biecco Lawrie Limited 6 Bharat Coking Coal Limited 7 Bharat Heavy Electricals Limited 8 Bharat Wagon Engineering Co. Ltd 9 BharatBroadband Network Limited 10 Bharat Sanchar Nigam Limited 11 Brahmaputra Valley Fertilizer Corporation Limited 12 Braithwaite & Co. Limited 13 Bharat Dynamic Limited 14 Burn Standard Co. Ltd 15 Central Cottage Industries of India Ltd. 16 Central Coalfields Limited 17 Central Electronics Limited 18 Central Mine Planning & Design Institute Limited 19 CENTRAL COTTAGE INDUSTRIES CORPORATION OF INDIA LIMITED 20 Coal India Limited 21 Container Corporation of India 22 Dedicated Freight Corridor Corporation of India Limited 23 Durgapur Chemicals Limited 24 Eastern Coalfields Limited 25 Fertilisers and Chemicals Travancore Limited (FACT Ltd.) 26 Ferro Scrap Nigam Ltd 27 Garden Reach Shipbuliders & Engineers Limited 28 GOA SHIPYARD LIMITED 29 Heavy Engineering Corporation Limited 30 Hindustan Aeronautics Limited 31 HIL (INDIA) LIMITED formerly known as Hindustan Insecticides Limited 32 Hindustan Newsprint Limited 33 Handicrafts & Handlooms Exports Corporations of India Ltd. 34 HLL Lifecare Ltd 34 HMT Ltd. 35 HMT MACHINE TOOLS LIMITED 36 IFCI Infrastructure Development Limited India-Infrastructure-Finance-Company-Limited Team member forGap Analysis of Internal 37 Audit Function, preparing Risk based Internal Audit (RBIA) Framework 38 Indian Railway Finance Corporation Limited 39 Indian Rare Earths Limited 40 India Trade Promotion Organization 41 Intelligent-Communication-Systems Ltd 42 Ircon International Limited 43 Jute Corporation of India Limited 44 Konkan LNG Ltd 45 Kamarajar Port Limited 46 New Mangalore Port Trust 47 KIOCL Limited 48 Madras Fertilizers Limited 49 Mahanadi Coal Fields Limited 50 Mahanagar Telephone Nigam Ltd 51 Mangalore Refinery and Petrochemicals Limited 52 Mazagon Dock Shipbuilders Limited 53 Mishra Dhatu Nigam Ltd 54 Mineral Exploration Corporation Limited 54 MSTC Ltd. 55 NBCC (INDIA) LIMITED 55 National Seed Corporation Limited 56 National Backward Classes Finance & Development Corporation 57 National Scheduled Tribes Finance & Development Corporation 58 National Safai Karamcharis Finance And Development Corporation (NSKFDC) 59 National Minorities Development and Finance Corporation 60 National Fertilizers Limited 61 National Highway Authority of India 62 National Highways and Infrastructure Development Corporation 63 National Jute Manufactures Corporation Limited 64 National Projects Construction Corporation Limited 65 National Bicycle Corporation of India Ltd 66 NATIONAL TEXTILE CORPORATION LIMITED 67 NEPA Limited 68 Neyveli Lignite Corporation Limited 69 North Eastern Electric Power Corporation Limited 70 North Eastern Regional Agricultural Marketing Corporation Limited 71 Northern Coalfields Limited 72 NTPC Limited 73 Nuclear Power Corporation India Ltd 74 Oil India Limited 75 ONGC Videsh Ltd 76 PEC Ltd 77 Projects & Development India Limited 78 Power Grid Corporation India Limited 79 RailTel Corporation of India Limited 80 Ramadam Fertilizets and Chemical Ltd. 81 Rashtriya Chemicals and Fertilizers Limited 82 Rec Limited 83 REC Power Distribution Company Limited 84 REC Project Office Chennai 85 REC Transmission Company Projects Limited 86 RITES 87 Sardar Sarovar Narmada Nigam Limited 88 Security Printing & Minting Corporation of India Limited 89 India Government Mint, Alipur, Kolkata 90 State Trading Corporation of India Limited 91 Steel Authority of India Ltd 92 THDC India Limited 93 Mineral Exploration Corporation Limited 94 SJVN Thermal Pvt. Limited 95 South Eastern Coalfields Limited 96 Uranium Corporation Of India Ltd 97 Western Coalfields Limited 98 General Insurance Corporation of India Central Govt. Organization 99 Air Force Station JamNagar 100 Air Force Station Pune 101 Agricultural and Processed Food Products Export Development Authority 102 Bureau of Pharma PSUs of India 103 Office of the Seamen's Provident Fund commissioner 104 Software Technology Parks of India(STPI) 105 Ministry of Road Transportation, Government of India 106 National Heath Mission (NHM), Government of India 107 North East Rural Livelihood Society 108 Securities and Exchange Board of India SEBI-Internal Audit for stock brokers/trading members/clearing members SEBI-Internal Audit for Credit Rating Agencies SEBI- Internal Audit of RTAs 109 National Aviation Security Fee Trust (NASFT) State PSU Andhra Pradesh 110 Andhra Pradesh Industrial Infrastructure Corporation Limited 111 Andhra Pradesh State Civil Supplies Corporation Ltd Andaman & Nickobar 112 PortBlair Municipal Corporation Assam 113 DNP LTD 114 Hospital Management Society 115 Assam Petro-Chemicals Limited 116 Assam Inland Water Transport Development Society 117 Assam Administrative Staff College Society 118 Assam State Aids Control Society 119 Assam State Transport Corporation 120 Assam Power Distribution Company Limited Bihar 121 Bihar Industrial Area Development Authority 122 Bihar Education Project Council 123 Bihar State Food & Civil Supplies Corp[oration Ltd 124 Bihar School Examination Board 125 Bihar Medical Service and Infrastructue Corporation Ltd Chhattisgarh 126 Chhattisgarh State Beverage Corpiration Limited 127 Chhattisgarh State Marketing Corporation Limited 128 Chhattisgarh State Power Distribution Company Limited 129 Chhattisgarh State Power Generation Company Limited 130 Chhattisgarh State Power Holding Company Limited 131 Chhattisgarh State Power Transmission Company Limited 132 Chhattisgarh State Warehousing Corporation 133 NHM Chattisgarh Delhi 134 Delhi Transport Infrastructure Development Corporation Limited 135 Delhi State Industrial & Infrastructure Development Corporation Ltd 136 National Capital Region Transport Corporation Limited 137 Export Inspection Agency-Delhi 138 Mobile Creches Daman & DIU 139 Diu Higher Education Society, Diu College Goa 140 National Cyclone Risk Mitigation Project Gujarat 141 Alcock Ashdown (Gujarat) Limited 142 The Gujarat State Civil Supplies Corporation Ltd 143 Gujarat Power Corporation Limited 144 Gujarat Mineral Reasearch and Development Society 145 Gujarat Urja Vikas Nigam Limited 146 Gujarat Energy Transmission Corporation Limited 147 Gujarat State Electricity Corporation Limited 148 Dakshin Gujarat Vij Company Limited 149 Madhya Gujarat Vij Company Limited 150 Paschim Gujarat Vij Company Limited 151 Uttar Gujarat Vij Company Limited 152 Sports Authority of Gujarat Haryana 153 Haryana Forest Development Corporation Ltd 154 Haryana Power Generation Corporation Ltd. 155 Gurugram Metropolitan City Bus Limited Himachal Pradesh 156 H P Power Transmission Corporation Ltd. 157 Himachal Pradesh General Industries Corporation (HPGIC) Limited 158 The Himachal Pradesh State Industrial Development Corporation Limited (HPSIDC) Jharkhand 159 Jharkhand Bijli Vitarn Nigam Ltd 160 Jharkhand State Electricity Regulatory Commission 161 Jharkhand Urja Sancharan Nigam Limited 162 Jharkhand State Mineral Development Corporation Limited 163 Jharkhand Urban Infrastructure Development Company (JUIDCO) Limited 164 Jharkhand Urban Develoment Authority 165 State Urban Development Agency, Urban Development & Housing Department, Jharkhand 166 Municipal Corporation Adityapur 167 Municipal Corporation Basukinath 168 Municipal Corporation Bishrampur 169 Nagar Panchyat Bundhu 170 Nagar Panchayat Barharwa 171 Municipal Corporation Chas 172 Nagar Parishad Chakradharpur 173 Nagar Parishad Chatra 174 Municipal Corporation Dhanbad 175 Municipal Corporation Dumka 176 Municipal Corporation Deoghar 177 Municipal Corporation Giridih 178 Nagar Parishad Gumla 179 Nagar Panchayat Husianabad 180 Nagar Panchayat Jugasalai Jamshedpur 181 Jamshedpur notified area committee 182 Municipal Council Mango Jamshedpur 183 Municipal Council Jhumeri Telaiya 184 Municipal Corporation Kunti 185 Municipal Corporation Lather 186 Municipal Corporation Lohardaga 187 Municipal Corporation Medinagar 188 Nagar Panchayat Manjhiaion 189 Nagar Panchayat Mihijam 190 Municipal Corporation Modhopur 191 Municipal Council Pakur 192 Nagar Panchayat Palamu 193 Nagar Parishad Ramgarh 194 Ranchi Municipal Corporation 195 Municipal Corporation Saibganj 196 Municipal Corporation, Seraikella, 197 Municipal Corporation Simdega Jammu & Kashmir 198 Jammu & Kashmir State Power Development Corporation Limited 199 JKB Financial Sercives Limited 200 Jammu & Kashmir Project Construction Corporation Limited 201 J&K Handicraft Corporation Ltd 202 J & K Infrastructure Development Corporation Limited 203 J & K Small Scale Industries Development Corporation Limited Karnataka 204 Karnataka Forest Development Corporation Limited 205 Karnataka State Electronics Development Corporation ltd 206 Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd (KMVSTDCL) 207 Karnataka Neeravari Nigam Limited 208 Karnataka Rural Infrastructure Development Limited 209 Karnataka State Seeds Corporation Limited 210 Karnataka State Beverages Corporation Limited 211 Karnataka State Industrial and Infrastructure & Development Corporation Limited 212 Mysore Minerals Limited Sanjeevini –NRLM Karnataka State Rural Livelihood Promotion Society, Department of Rural 213 Development and Panchayat Raj 214 Hutti Gold Mines Co Ltd 215 Karnataka Handloom Devloipment Corporation
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  • Ngo Documents 2013-08-14 00:00:00 Coal India Investor Brief High Risk

    Ngo Documents 2013-08-14 00:00:00 Coal India Investor Brief High Risk

    High risk, low return COAL INDIA LTD’s shareholder value is threatened by poor corporate governance, faulty reserve estimations, regulatory risk and macro-economic issues. Introduction Coal India Limited is the world’s largest coal miner, with a production of 435 million metric tons (MT) in 2011 -201 2. There is significant pressure on CIL to deliver annual production growth rates in excess of 7%. The company has a 201 7 production target of 61 5 MT.[1 ] Coal India’s track record raises questions over its ability to deliver this rate of growth. In addition, serious governance issues are likely to impact CIL’s financial performance. These pose a financial and reputational risk to CIL, its shareholders and lenders, while macro- economic issues in the Indian energy economy pose a long term threat to Coal India. • CIL’s attempts to access new mining areas are facing widespread opposition from local communities and environmental groups. With its reliance on open-pit mining, access to new mines are essential for CIL to achieve production targets. G • CIL has grown reliant on shallow, open pit mining for 90% of its production, and has lost in-house expertise on deep mining techniques. N I • CIL has a record of poor corporate governance, manifested in rampant corruption, poor worker safety and repeated legal violations. This has, in the last year alone, led to penalties and F closure notices for over 50 mines, threatening both its financial performance and reputation. E I • CIL’s financial performance has been affected by directives from majority shareholder Government of India to keep coal prices artifically low.[2] According to one estimate, this cost R CIL $1 .75 billion in the 201 2-1 3 financial year alone.[3] The government has also taken away coal blocks allocated to CIL and given them to private players.[4] B • Changing economics of coal power in India; renewable energies are becoming cost- competitive even as coal faces increased regulatory scrutiny and public opposition.