Wednesday, 29 March 2017

Credit Sale and advances by CPSUs

As per information available from the Central Public Sector Enterprises (CPSEs), the CPSE-wise details of long term trade receivables for the last three years is given at Annex.

As per Comptroller & Auditor General of India (C & AG) Reports laid in the Parliament in the respective years, the following instances of deviation from norms for credit sale / advances were noticed and reported in the Reports of C & AG of India for the last three years.

Sl. No.
Report No. & Year
Para No.
CPSE
Audit Observation
1.
15 of 2016 (Vol. II)
1.1
Bharat Petroleum Corporation Ltd.
Extension of credit facility to a defaulter company without security
2.
15 of 2016 (Vol. II)
5.2 Sub-Para 5.2.2.7(a)
Steel Authority of India Ltd.
Undue extension of credit period
3.
21 of 2015 (Vol.I)
2.3
Airports Authority of India
Loss due to failure in taking timely action as per approved credit policy
4.
21 of 2015 (Vol.I)
2.7 Sub-para 2.7.4.3
Air India Ltd.
Non-adherence to credit policy led to accumulation of outstanding dues.

The information of details of customers which got blacklisted by the CPSUs due to not paying back the credit amount is not maintained centrally.



Annex


Long term trade receivable for the last 3 years
Rs. In lakh
Long Term Trade Receivable
Sl. No.
Name of CPSE
2013-14
2014-15
2015-16
1
AIR INDIA LTD.
                   192
                   221
                   474
2
ANDREW YULE & COMPANY LTD.
                       -  
                       -  
                   236
3
BHARAT HEAVY ELECTRICALS LTD.
       11,88,107
       11,41,382
       11,17,407
4
BHARAT WAGON & ENGG. CO. LTD.
                   281
                   224
                   284
5
BHEL ELECTRICAL MACHINES LTD.
                       -  
                     63
                     95
6
BRAITHWAITE BURN & JESSOP CONSTRUCTION COMPANY LTD.
                       -  
                       -  
                     39
7
BRITISH INDIA CORPORATION LTD.
                   200
                   204
                   980
8
BROADCAST ENGG. CONSULTANTS INDIA LTD.
                4,286
                3,783
                       -  
9
CENTRAL ELECTRONICS LTD.
                1,110
                   265
                1,097
10
CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD.
                        2
                       -  
                       -  
11
COCHIN SHIPYARD LTD.
                4,447
                3,075
                2,897
12
ELECTRONICS CORPN. OF INDIA LTD.
                2,418
             11,811
                8,318
13
ENGINEERING PROJECTS (INDIA) LTD.
                4,880
                5,339
                6,429
14
GAIL (INDIA) LTD.
             71,841
          2,40,995
          1,11,555
15
GARDEN REACH SHIPBUILDERS & ENGINEERS LTD.
                   603
                   669
                   203
16
GOA SHIPYARD LTD.
                       -  
                   129
                       -  
17
HANDICRAFTS & HANDLOOM EXPORTS CORP. OF INDIA LTD.
                       -  
                1,004
                       -  
18
HEAVY ENGINEERING CORPN. LTD.
             10,078
             12,847
             17,223
19
HINDUSTAN AERONAUTICS LTD.
                3,299
                1,554
                       -  
20
HINDUSTAN CABLES LTD.
                2,440
                       -  
                       -  
21
HINDUSTAN FERTILIZER CORPN. LTD.
                   209
                   198
                   118
22
HINDUSTAN PREFAB LTD.
                   176
                   197
                       -  
23
HINDUSTAN SHIPYARD LTD.
                   669
                   670
                   669
24
HINDUSTAN STEELWORKS COSTN. LTD.
                       -  
                9,081
                8,142
25
HOOGHLY DOCK AND PORT ENGINEERS LTD.
                   130
                   130
                   246
26
HOTEL CORPN. OF INDIA LTD.
                       -  
                1,416
                1,551
27
I T I  LTD.
             20,811
             37,791
          1,05,087
28
IDPL (TAMILNADU) LTD.
                      98
                      98
                       -  
29
INDIA TOURISM DEV. CORPN. LTD.
                      96
                      62
                      88
30
INDIAN RAILWAY CATERING AND TOURISM CORPN. LTD.
             12,341
             10,106
                8,937
31
INDIAN RAILWAY FINANCE CORPORATION LTD.
                       -  
                       -  
                9,413
32
IRCON INTERNATIONAL LTD.
                       -  
                5,010
                   281
33
M M T C LTD.
                   146
                      83
                   310
34
MAZAGON DOCK SHIPBUILDERS LTD.
                5,821
                5,736
                5,162
35
MECON LTD.
                4,463
                5,895
                7,385
36
MINERAL EXPLORATION CORPN. LTD.
                   339
                   296
                   634
37
NATIONAL FILM DEV. CORPN. LTD.
                1,346
                       -  
                       -  
38
NATIONAL INFORMATICS CENTRE SERVICES INCORPORATED
                7,358
                7,971
                8,796
39
NATIONAL MINORITIES DEVP. & FINANCE CORPORATION
                   151
                       -  
                       -  
40
NATIONAL PROJECTS CONSTRUCTION CORPN. LTD.
                       -  
                       -  
             54,524
41
NATIONAL SAFAI KARAMCHARIS FINANCE & DEVPT. CORPN
                   754
                       -  
                       -  
42
NHDC LTD.
             42,795
             33,593
                6,456
43
NORTH EASTERN  HANDICRAFTS & HANDLOOM DEV.CORPN. LTD.
                       -  
                       -  
                      12
44
OIL & NATURAL GAS CORPORATION LTD.
                8,636
             12,400
             12,945
45
ONGC VIDESH LTD.
                       -  
                       -  
          7,09,364
46
P E C LTD.
                       -  
                       -  
                   105
47
RAILTEL CORPORATION INDIA LTD.
         
   21,498
             19,180
             13,961
48
RAJASTHAN ELECTRONICS AND INSTRUMENTS LTD.

                       -  
                       -  
                   294
49
SAMBHAR SALTS LTD.
                     
  9
                        6
                      23
50
STATE TRADING CORPN. OF INDIA LTD.
          1,04,688
          1,08,599
          1,06,696
51
STEEL AUTHORITY OF INDIA LTD.
                2,191
                3,039
                3,734
52
TELECOMMUNICATIONS  CONSULTANTS (INDIA)  LTD.
                1,398
                   855
                2,003
53
TUNGABHADRA STEEL PRODUCTS LTD.
                      41
                      41
                      41
54
URANIUM CORPORATION OF INDIA LTD.
                       -  
                2,514
                       -  

Total
       15,30,348
       16,88,532
       23,34,214


            This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Rajya Sabha today.


Courtesy: pib.nic.in

No comments:

In The Indian Panorama Section meet The Directors of Non-Feature Film Organized

In the International Film Festival of India in Indian Panorama section ‘Meet - the Directors of Non-Feature Films’ was organized today. Sh...