Request for Proposal (RFP) for appointment of Valuer for ... - Tender

THE INDUSTRIAL DEVELOPMENT CORPORATION OF ORISSA LTD.(A Government of Orissa Undertaking)IDCOL HOUSE,Ashok Nagar, Unit-II,Bhubaneswar-751009Dist- Khurda (Orissa), IndiaRequest for Proposal (RFP) for appointment of Valuerfor valuation ofIDCOL Kalinga Iron Works Ltd.&IDCOL Ferro Chrome & Alloys Ltd.

3REQUEST FOR PROPOSALDISCLAIMERThe information contained in this Request for Proposal document (“RFP”) orsubsequently provided to Applicants, whether verbally or in documentary or any otherform by or on behalf of or any of its employees or advisers on the terms and conditionsset out in this RFP and such other terms and conditions subject to which suchinformation is provided.This RFP is not an agreement and is neither an offer nor invitation by the Authority to theprospective Applicants or any other person. The purpose of this RFP is to provideinterested parties with information that may be useful to them in the formulation of theirProposals pursuant to this RFP.Assumptions, assessments and statements do not purport to contain all the informationthat each Applicant may require and also may not be complete, accurate, adequate orcorrect. Each Applicant should, therefore, conduct its own investigations and analysisand should check the accuracy, adequacy, correctness, reliability and completeness ofthe assumptions, assessments and information contained in this RFP and obtainindependent advice from appropriate sources. The Authority accepts no responsibility forthe accuracy or otherwise for any information, interpretation or opinion of law expressedherein. The Authority and its employees make no representation or warranty and shallhave no liability to any person including any Applicant under any law, statute, rules orregulations or tort, principles of restitution or unjust enrichment or otherwise for any loss,damages, cost or expenses which may arise from or be incurred or suffered on accountof anything contained in this RFP or otherwise.The Authority may in its absolute discretion, but without being under any obligation to doso, update, amend or supplement the information, assessment or assumption containedin this RFP.CHAIRMAN-CUM- MANAGING DIRECTORIDCOL

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61.4 BRIEF DESCRIPTION OF THE SELECTION PROCESSProposal comprising technical and financial bids is to be submitted in two separatesealed envelopes. In the first stage, technical evaluation will be carried out. Based onthis technical evaluation, a list of qualified applicants shall be prepared. In the secondstage, a financial evaluation of the technically qualified applicants will be carried out.The L 1 Applicant (the “Selected Applicant”) shall be called for negotiation, if necessary,while the L 2 Applicant will be kept in reserve. The Authority is, however, not bound toselect the Valuer on least cost basis.1.5 SCHEDULE OF SELECTION PROCESSThe Authority would endeavor to adhere to the following schedule:Event Description Date(a) Last date for receiving queries/clarifications 5.12.2011(b) Pre-Proposal Conference5.12.2011 at 1100 hours(c) Authority response to queries 7.12.2011(d) Proposal Due Date or PDD12.12.2011 by 1500 hours(e) Opening of Technical Proposal12.12.2011 at 1530 hours(f) Opening of Financial ProposalTo be announced later(g) Letter of Award (LOA)To be announced laterThe above schedule is tentative and may undergo change which will be intimated to theinterested parties.2. INSTRUCTIONS TO APPLICANTS2.1 SUBMISSION OF PROPOSALThe Applicant shall submit its Proposal in the form and manner specified in this Sectionof the RFP. The Technical Proposal and Financial Bid shall be submitted in theprescribed Form at Appendix-I and Appendix-II respectively.

72.2 CONDITIONS OF ELIGIBILITY OF APPLICANTSTo be eligible for evaluation of its Proposal, the applicant shall fulfill the followingconditions:(a) Technical Capacity: The Applicant shall have, over the past 5 (five) years precedingthe PDD, undertaken a minimum of [3 (three)] valuation of assets/business/shares inCentral and State PSUs.(b) Financial Capacity: The Applicant shall have received a minimum of ` 2 crores(RupeesTwo Crores) per annum as professional fees from such valuation of business/ assets / shares during each of the three financial years preceding the current financialyear.(c) Availability of Key Personnel: The applicant shall offer and make available all keyPersonnel meeting the requirements specified in Sub-clause (d) below.(d) Conditions of Eligibility of Key Personnel: Each of the Key Personnel must fulfillthe Conditions of Eligibility specified below:KeyPersonnelFinancialExpert(1)AssociateConsultants(2)Educational QualificationMBA/CA/CF/ICWA/CS/Technical Qualification likeengineering.MBA/CA/CF/ICWA/CS/Technical Qualification likeengineering.Length ofProfessionalExperienceExperience on EligibleAssignments12 years He should have led the team invaluation assignments.5 years He should have worked as memberof a team in valuation assignment.Proposal of only those Applicants who satisfy the conditions of Eligibility will beconsidered for evaluation.2.3 CERTIFICATION REGARDING PROFESSIONAL FEEThe Applicant shall enclose with its Proposal, certificate(s) from its Statutory Auditors/firm of Chartered Accountants, if the Applicant does not have a statutory auditor,stating its total professional fees during each of the past three financial years and the feereceived in respect of each of the valuation assignments specified in the Proposal.

102.10.2 The Applicant shall prepare one original set of the Technical Proposal (togetherwith originals/ copies of Documents required to be submitted alongwith pursuant to thisRFP) and clearly marked “ORIGINAL”. In addition, the Applicant shall submit 1 (one)copy of the Technical Proposal, along with Documents, marked “COPY” In the event ofany discrepancy between the original and its copies, the original shall prevail. Only oneoriginal Financial proposal should be submitted.2.10.3 The Proposal and its copy, shall be signed by the authorized signatory of theapplicant who shall initial each page. In case of printed and published Documents, onlythe cover shall be initialed. All the alterations can be signed by the person(s) signing theProposal. The Proposal must be properly signed by the authorized representative (the“Authorised Representative”) as detailed below:(a) by the proprietor, in case of a proprietary firm: or(b) by a partner, in case of a partnership firm and / or a limited liability partnership; or(c) by a duly authorized person holding the Power of Attorney, in case of a LimitedCompany or a corporation: or(d) by the authorized representative of the Lead Member, in case of consortium.A copy of the Power of Attorney certified by a notary public in the form specified inAppendix-I (Form-4) shall accompany the Proposal (if required).2.10.4 Applicant should note that except as specifically provided in this RFP, nosupplementary material will be entertained by the Authority, and the evaluation will becarried out only on the basis of Documents received by the closing time of PDD.2.11 TECHNICAL PROPOSAL2.11.1 Applicant shall submit the technical proposal in the formats at Appendix-I (the“Technical Proposal”)2.11.2 While submitting the Technical Proposal, the Applicant shall in particular, ensurethat:(a) All forms are submitted in the prescribed formats and signed by the prescribedsignatories;(b) Power of Attorney, if applicable, is executed as specified in this RFP.(c) CVs of all Key Personnel have been included;

11(d) Key Personnel have been proposed only if they meet the Conditions of Eligibility laiddown in this RFP.(e) The CVs have been signed and dated, by the respective Personnel andcountersigned by the applicant. Photocopy or unsigned / countersigned CVs shall berejected.(f) The CVs shall contain an undertaking from the respective Key Personnel abouthis/her availability for the duration specified in the RFP;2.11.3 The Technical Proposal shall not include any financial information relating to theFinancial Proposal.2.12 FINANCIAL PROPOSAL2.12.1 Applicants shall submit the financial proposal in the formats at Appendix-II (the“Financial Proposal”) clearly indicating the total cost of the Consultancy in both figureand words, in Indian Rupees, and signed by the Applicants Authorized Representative.In the event of any difference between the arithmetic total and the total shown in theFinancial Proposal, the lower of the two shall prevail.2.12.2 While submitting the Financial Proposal, the Applicant shall ensure the following:“TO BE OPENED BY THE ADDRESSEE ONLY OR BY HIS AUTHORISED PERSON’’(a) All the costs including tax liabilities associated with the assignment shall be includedin the financial Proposal. These shall normally cover remuneration for all the Personnelaccommodation, air fare, equipment, printing of documents, etc. The total amountindicated in the Financial Proposal shall be without any condition attached or subject toany assumption, and shall be final and binding. In case any assumption or condition isindicated in the Financial Proposal, it shall be considered non-responsive and liable tobe rejected. The rate quoted shall be throughout the period of performance of theassignment up to and including discharge of all obligations of the valuer under theagreement.(b) All payments shall be subject to deduction of taxes at source as per ApplicableLaws.(c) The Proposal shall be valid for a period of not less than 90 days from the ProposalDue Date (the “PDD”).

132.15.3 Prior to evaluation of Proposals, the Authority will determine whether eachProposal is responsive to the requirements of the RFP.2.15.4 The Authority reserves the right to reject any Proposal which is non responsiveand no request for alteration, modification, substitution or withdrawal shall be entertainedby the Authority in respect of such Proposals.2.15.5 The Authority shall subsequently examine and evaluate Proposals inaccordance with the Selection Process.2.15.6 After the technical evaluation, the Authority shall prepare a list of pre qualifiedApplicants for opening of their Financial Proposals. A date, time and venue will benotified to all Applications for announcing the results of evaluations and opening ofFinancial Proposals.The opening of Financial Proposal shall be done in presence of respectiverepresentatives of Applicants who choose to be present. The Authority will not entertainany query or clarification from Applicants who fail to qualify at any stage of the SelectionProcess.2.15.7 Any information contained in the Proposal shall not in any way be construed asbinding on the Authority, its agents, successors or assigns, but shall be binding againstthe Applicants if the Valuation is subsequently awarded to it.2.16 CLARIFICATIONS2.16.1. To facilitate evaluation of Proposals, the Authority may, at its sole discretion,seek clarification from any Applicant regarding its Proposal. Such clarification (s) shall beprovided in writing within the time specified by the Authority for this purpose failing itsProposal shall be liable to be rejected. In case the Proposal is not rejected, the Authoritymay proceed to evaluate the Proposal by constructing the particulars requiringclarification to the best of its understanding, and the Applicant shall be barred fromsubsequently questioning such interpretation of the Authority.2.17 APPOINTMENT OF VALUER2.17.1 The Selected Applicant may, if necessary, be invited for negotiations. Thenegotiations shall generally not be for reducing the price of the Proposal, but will be forre-confirming the obligations of the consultant under this RFP, methodology and qualityof the work plan shall be discussed during negotiations. In case the selected applicant

14fails to re-confirm its commitment, the Authority reserves the right to designate the nextapplicant as the selected applicant and invite it for negotiations.2.17.2 AWARD OF CONSULTANCYAfter selection, a letter of Award (the “LOA”) shall be issued in duplicate, by the Authorityto the Selected Applicant and the Selected Applicant shall, within 7 (seven) days of thereceipt of LOA, sign and return the duplicate copy of the LOA in acknowledge thereof. Inthe event the duplicate copy of the LOA duly signed by the Selected Applicant is notreceived by the stipulated date, the Authority may, unless it consents to extension oftime submission thereof, cancel the LOA and next Applicant may be considered.2.17.3 COMMENCEMENT OF ASSIGNMENTThe Valuer shall commence the valuation work within seven days of the date ofacceptance of the LOA or such other date as may be mutually agreed. If the Consultantfails to either acknowledge the LOA or commence the assignment as specified herein,the Authority may invite the next Applicant for negotiations. In such an event, the LOA asthe case may be shall stand cancelled / terminated.2.18 MISCELLANEOUS2.18.1. The Selection Process shall be governed by, and construed in accordance with,the laws of India and the Courts at Bhubaneswar shall have exclusive jurisdiction over alldisputes arising under, pursuant to and/or in connection with the Selection Process.2.18.2. The Authority, in its sole discretion and without incurring any obligation orliability, reserves the right, at any time to:(a) suspend and/or cancel the Selection Process and/or amend and/or supplement theSelection Process or modify the dates or other terms of conditions relating thereto;(b) consult with any Applicant in order to receive clarification or further information;(c) retain any information and/or evidence submitted to the Authority by, on behalf ofand/or in relation to any Applicant; and/or(d) Independently verify, disqualify, reject and/or accept any and all submissions orother information and/or evidence submitted by or on behalf of any Applicant.2.18.3. It shall be deemed that by submitting the Proposal, the Applicant agrees andreleases the Authority, its employees, agents and advisers, irrevocably, unconditionally,fully and finally from any and all liability for claims, losses, damages, costs, expenses orliabilities in any way related to or arising from the exercise of any rights and/orperformance of any obligations hereunder, pursuant hereto, and/or in connection

15herewith and waives any and all rights and/or claims it may have in this respect, whetheractual or contingent, whether present or future.2.18.4. All documents and other information supplied by the Authority or submitted by anApplicant shall remain or become, as the case may be, the property of the Authority. TheAuthority will not return any submissions made hereunder. Applicants are required totreat all such documents and information as strictly confidential.2.18.5. The Authority reserves the right to make inquiries with any of the clients listed bythe Applicants in their previous experience record.3 DOCUMENTS3.1 APPENDIX-IDocuments for Technical ProposalThe Technical Proposal includes the following documents:Form 1 : Letter of ProposalForm 2 : Particulars of the applicantForm 3 : Statement of Legal CapacityForm 4 : Power of AttorneyForm 5 : Financial Capacity of the ApplicantForm 6 : Particular of Key PersonnelForm 7 : Abstract of Eligible Assignments of the applicantForm 7A: Eligible Assignments of ApplicantForm 8 : Abstract of Eligible Assignments of Key PersonnelForm 8A: Eligible Assignments of Key PersonnelForm 9 : Curriculum Vitae (CV) of Key Personnel3.2 Documents for Financial ProposalThe Financial Proposal includes the following documents:Form 1 : Covering LetterForm 2 : Financial Proposal

16APPENDIX-I(Date and Reference)To,The Chairman-cum-Managing Director,IDC of Orissa LimitedIDCOL HOUSEUnit-II, Ashok NagarBhubaneswar -751009TECHNICAL PROPOSALForm-1Letter of Proposal(On Applicant’s letter head)Sub: Appointment of Valuer for IKIWL and IFCAL.Dear Sir,With reference to your RFP Documents dated 2 nd November, 2011, I/We,having examined all relevant documents and understood their content, herebysubmit our Proposal for selections as Valuer for IDCOL Kalinga Iron Works Ltd.(IKIWL) and IDCOL Ferro Chrome & Alloys Ltd. (IFCAL). The proposal isunconditional and unqualified.1. I/We acknowledge that the Authority will be relying on the informationprovided in the Proposal and the documents accompanying the Proposalfor selection of the Valuer and we certify that all information provided inthe Proposal and in the Appendix is true and correct and documentsaccompanying such Proposal are true copies of their respective originals.2. I/We acknowledge the right of the Authority to reject our applicationwithout assigning any reason or otherwise waive our right to challenge thesame on any account whatsoever.

173. I/We certify that in the last three years, we or any of our Associates haveneither failed to perform any contract as evidenced by imposition ofpenalty or by an arbitral or judicial authority or a judicial pronouncement orarbitration award against the Applicant or by any PSU nor been expelledfrom any project or contract by any public authority or have had anycontract terminated by any public authority for breach on our part.4. I/We declare that:(a) I/We have not directly or indirectly or through an agent engaged orindulged in any corrupt practice, fraudulent practice, coercivepractice, undesirable practice or restrictive practice, in respect ofany tender or request for proposal issued by or any agreemententered into with the Authority or any public sector enterprise or anygovernment, Central or State; and(b)I/We hereby certify that we have taken steps to ensure that inconformity with the provision of the RFP, no person acting for us oron our behalf will engage in any corrupt practice, fraudulentpractice, coercive practice, undesirable practice or restrictivepractice.5. I/We understand that the Authority may cancel the Selection Process atany time and that the Authority is neither bound to accept any Proposalnor to select the Consultant, without incurring any liability to the Applicantsin accordance with Clause 2.7 of RFP document.6. I/We certify that in regard to matters other than security and integrity of thecountry, we or any of our Associates have not been convicted by a Courtof Law or indicted or adverse order passed by a regulatory authoritywhich would cast a doubt on our ability to undertake the Consultancy forthe Project or which relates to a grave offence that outrages the moralsense of the community.

187. I/We further certify that in regard to matters relating to security andintegrity of the country, we have not been charge-sheeted by any agencyof the Government or convicted by a Court of Law for any offencecommitted by us or by any our Associates.8. I/We further certify that no investigation by a regulatory authority ispending either against us or against our Associates or against our CEO orany Directors/Managers/employees.9. I/We hereby irrevocably waive any right or remedy which we may have atany stage under law or howsoever otherwise arising to challenge orquestion any decision taken by the Authority [and/or the Government ofOrissa] in connection with the selection of Consultant or in connection withthe Selection Process itself in respect of the above mentioned job ofvaluation.10. I/We agree and understand that the proposal is subject to the provision ofthe RFP document. In no case, shall I/We have any claim or right ofwhatsoever nature, if the Valuation is not awarded to me/us or ourproposal is not opened or rejected.11. I/We agree to keep this offer valid for 90 (ninety) days from the PDDspecified in the RFP.12. A Power of Attorney in favour of the authorized signatory to sign andsubmit this Proposal and documents is attached herewith in Form 4.13. In the event of my / our firm being selected as the Valuer, I/we agree andundertake to provide the services of the Financial Experts in accordancewith the provision of the RFP and the Terms of Reference and that the

19Financial Experts shall be responsible for proving the agreed serviceshimself and not through any other person or Associate.14. I/We have studied RFP and all other documents carefully. We understandthat we shall have no claim, right or title arising out of any documents orinformation provided to us by the Authority or in respect of any matterarising out of or concerning or relating to Selection Process including theaward of the job of valuation.15. The Financial Proposal is being submitted in separate cover. ThisTechnical Proposal read with the Financial Proposal shall constitute theApplication which shall be binding on us.16. I/We agree and undertake to abide by all the terms and conditions of theRFP Document.17. In witness thereof, I/we submit this Proposal under and in accordance withthe terms of the RFP Document.Yours faithfully,(Signature, name and designation of the authorised signatory)(Name and seal of the Applicant/ Lead Member)

20Form-2Particulars of the Applicant1.1 Title of the Applicant1.2 Title of ProjectAPPENDIX-I1.3 State whether applying as Sole Firm or Lead Member of a consortium:Sole FirmOrLead Member of a consortium1.4 State the following:Name of the Firm:Legal status (e.g. sole proprietorship, partnership or Company ):Country of incorporation:Registered office address:Year of Incorporation:Year of commencement of business:Principal place of business:Name, designation, address and phone numbers of authorizedsignatory of the Applicant:Name:Designation:Company:Address:Phone No.:Fax No.:E-mail address:1.5 If the Applicant is Lead Member of a consortium, state the followingfor each of the other Member Firms:(i) Name of the Firm:(ii) Legal Status and country of incorporation(iii)Registered address and principal place of business.1.6 (Signature, name and designation of the authorized signatory)For and on behalf of……………………………….…

21Form-3Statement of Legal Capacity(To be forwarded on the letter head of the Applicant)APPENDIX-IRef.To,The Chairman-cum-Managing Director,IDC of Orissa LimitedIDCOL HOUSEUnit-II, Ashok NagarBhubaneswar -751009Date:Dear Sir,Sub: RFP for Valuer for valuation of IKIWL and IFCAL.I/We hereby confirm that we, the Applicant (along with other members in case ofconsortium, constitution of which has been described in the Proposal*), satisfythe terms and conditions laid down in the RFP document.I/We have agreed that …………. (Insert Applicant’s name) will act as the LeadMember of our consortium.I/We have agreed that ……… (Insert individual’s name) will act as our AuthorizedRepresentative/ will act as the Authorized Representative of the consortium onour behalf and has been duly authorized to submit our Proposal. Further, theauthorized signatory is vested with requisite powers to furnish such proposal andall other documents, information or communication and authenticate the same.Yours faithfully,(Signature, name and designation of the authorized signatory)For and on behalf of……………*Please strike out whichever is not applicable

22APPENDIX-IForm-4Power of AttorneyKnow all men by these presents, We,………………….. (name of Firm andaddress of the registered office) do hereby constitute, nominate, appoint andauthorize Mr / Ms…………………. Son/daughter/wife and presently residing at………………… who is presently employed with/ retained by us and holding theposition of …………… as our true and lawful attorney (hereinafter referred to asthe “Authorised Representative”) to do in our name and on our behalf, all suchacts, deeds and things as are necessary or required in connection with orincidental to submission of our Proposal for and selection as the Valuer forvaluation of IKIWL and IFCAL including but not limited to signing and submissionof all applications, proposals and other documents and writings, participating inpre-bid and other conference and providing information/ responses to theAuthority, representing us in all matters before the Authority, signing andexecution of all contracts and undertakings consequent to acceptance of ourproposal and generally dealing with the Authority in all matters in connection withor relating to or arising out of our Proposal for the said valuation job and/or uponaward thereof to us till the entering into of the Agreement with the Authority.AND, we do hereby agree to ratify and confirm all acts, deeds and things lawfullydone or caused to be done by our said Authorised Representative pursuant toand in exercise of the powers conferred by this Power of Attorney and that allacts, deeds and things done by our said Authorised Representative in exercise ofthe powers hereby conferred shall and shall always be deemed to have beendone by us.

24Sl. No. FinancialyearForm-5Financial Capacity of the ApplicantAnnual Revenue(Rs. in lakh)*APPENDIX-I1 2008-092 2009-103 2010-11Certificate from the Statutory AuditorThis is to certify that…………….. (name of the Applicant) has received thepayments shown above against the respective years on account of professionalfees from valuation of business / assets / shares of Central & State PSUs.(Signature, name and designation of the authorized signatory)Date:Name and seal of the audit firm:In case the Applicant does not have a statutory auditor, it shall provide thecertificate from its chartered accountant that ordinarily audits the annual accountsof the Applicant.* In the event that the Applicant does not wish to disclose its Annual Revenue, itmay state that it has received more than the amount specified in the aforesaidcertificate.

25APPENDIX-IForm-6Particulars of Key PersonnelSl.No.Designationof KeyPersonnelNameEducationalQualificationLength ofProfessionalExperiencePresent EmploymentName ofFirmEmployedsinceNo. of EligibleEmployedAssignments(1) (2) (3) (4) (5) (6) (7) (8)1.FinancialExpert2.AssociateConsultant(s)3.OtherPersonnel, ifany

26Sl. No. Name of ProjectForm-7Abstract of Eligible Assignments of the ApplicantName ofClientProfessional feesreceived by theApplicant (inRs.)(1)* (2) (3) (4)1.2.3.4.5.APPENDIX-I* The Applicant should provide details of only those assignments that have beenundertaken by it under its own name.* In the event that the Applicant does not wish to disclose the actual fee receivedfor any particular assignment, it may state that it has received more than theamount specified for eligibility under this RFP. For example, it may state: “AboveRs. 5 (five) lakh” in respect of a particular project.* The names and chronology of Eligible Assignments included here shouldconform to the project-wise details submitted in Form-8 of Appendix-I.Certificate from the Statutory Auditors$This is to certify that the information contained above is correctas per the accounts of the Applicant and/or the Clients.(Signature, name and designation of the authorized signatory)Date:Name and seal of the audit firm:$ In case the Applicant does not have a statutory auditor, it shall provide thecertificate from its chartered accountant that ordinarily audits the annual accountsof the Applicant.

27Name of Applicant:Form-7 AEligible Assignments of the ApplicantAPPENDIX-IName of the Project:Description of services performedby the Applicant firm:Name of client and Address:Name, telephone no. And fax no.of client’s representative:Payment received by theApplicant as professional fees (inRs. *Start date and finish date of theservices (month/year):Brief description of the Project:Notes:1. Use separate sheet for each Eligible Assignment.* In the event that the Applicant does not wish to disclose the payment receivedby it as professional fees for any particular assignment, it may state that it hasreceived more than the amount specified in this statement.

28Form-8Abstract of Eligible assignments of Key PersonnelAPPENDIX-IName of Key Personnel:Designation:Sl.No.NameofProject*NameofClientEstimatedcapitalcost ofProject(in Rs.)Name offirm forwhich theKeyPersonnelworkedDesignationof theKeyPersonnelon theassignment(1) (2) (3) (4) (5) (6)1234* Use separate Form for each Key Personnel.

29Form-8 AEligible Assignments of Key PersonnelAPPENDIX-IName of Key Personnel:Designation of Key Personnel:Name of the Project:Name of Consulting Firm whereemployed:Description of servicesperformed by the Key Personnel(including designation):Name of client and Address:Name, telephone no. and fax no.of client’s representative:Estimated capital cost of theProject (in Rs.):Start date and finish date of theservices (month/year):Brief description of the Project:Notes:1. Use separate sheet for each Eligible Assignment.2. In the case of Financial Expert, only those Eligible Assignments shall beincluded where the Financial Expert worked as the Team Leader or theleader of the Financial Team in the relevant assignment.

30Form-9Curriculum Vitae (CV) of Key PersonnelAPPENDIX-I1. Proposed Position:2. Name of Personnel:3. Date of Birth:4. Nationality:5. Educational Qualifications:6. Employment Record:7. (Starting with present position, list in reverse order every employmentheld.)8. List of projects on which the Personnel has workedName of ProjectDescription of responsibilitiesCertification:1. I am willing to work on Project and I will be available for entire duration ofthe Project assignment as required.2. I, the undersigned, certify that to the best of my knowledge and belief, thisCV correctly describes my qualifications, my experience and me.Place…………………(Signature and name of the Key Personnel)(Signature and name of the authorized signatory of the Applicant)

31Notes:1. Use separate form for each Key Personnel and Professional Personnel.2. In the case of Financial Expert, only those assignments shall be includedwhere the Financial Expert worked as the Team Leader or the leader ofthe Financial Team in the relevant assignment.3. The names and chronology of assignments included here should conformto the project-wise details submitted in Form-7 or Form-7A, as the casemay be.4. Each page of the CV shall be signed in ink by both the Person concernedand by the Authorized Representative of the Applicant firm along with theseal of the firm. Photocopies will not be considered for evaluation.

32APPENDIX-II(Date and Reference)To,The Chairman-cum-Managing Director,IDC of Orissa LimitedIDCOL HOUSEUnit-II, Ashok NagarBhubaneswar -751009FINANCIAL PROPOSALForm-1Covering Letter(On Applicant’s letter head)Dear Sir,Subject:- Appointment of Valuer for valuation of IKIWL and IFCAL.I/We, _______________(Applicant’s name) herewith enclose the FinancialProposal for selection of my/our firm as Valuer for valuation of IKIWL andIFCAL.I /We agree that this offer shall remain valid for a period of 90 (ninety)days from the Proposal Due Date or such further period as may be mutuallyagreed upon.Yours faithfully,(Signature, name and designation of the authorized signatory)Note: The Financial Proposal is to be submitted strictly as per forms given in theRFP.

33Form-2Financial Proposal( To be submitted in pursuance to Clause 2.12 of the RFP documents)Name of the Bidder :Address :Email :Telephone No.Mobile No. :Fax No. :Total amount offered towards fees inclusive of all taxes and expenses etc. forvaluation of IKIWL and IFCAL is given below:Sl.No.Name of the Company Amount in ` Amount in Words1 IDCOL Kalinga Iron Works Ltd.(IKIWL)2 IDCOL Ferro Chrome & Alloys Ltd.(IFCAL)TOTAL :There will be no other fees or charges other than the above amount and theabove costs covers all expenditure including travel, lodging & boarding,transport etc.Signature of the Authorized personNotes:For (Name of the Bidder)1. Financial proposal is submitted, as per format, with respect to thevaluation of IKIWL & IFCAL after fully understanding the RFP documents.2. The financial proposal is unconditional.3. All payments shall be made in Indian Rupees after TDS and subject todeduction of other applicable taxes, if any.

34ANNEXURE-ITerms of Reference (TOR) for Valuation of IKIWL and IFCALIntroductionThe Industrial Development Corporation of Orissa Ltd. (IDCOL) seeks theservices of a qualified firm / company for acting as Valuer for conductingvaluation of its wholly owned subsidiary companies - IDCOL Kalinga IronWorks Ltd. (IKIWL) and IDCOL Ferro Chrome & Alloys Ltd. (IFCAL). IKIWL andIFCAL are old companies with low production capacity and old technology. Ithas become imperative to undertake expansion / modernization of the twocompanies along with production of value added products for a sustainedgrowth. In order to achieve the above objectives, it has been decided by theGovernment of Orissa to induct a strategic investor as a joint venture partnerin IKIWL and IFCAL who should be ready and willing to undertake expansionand modernization. The Joint Venture partner would be required to takemajority shares in both the companies. In order to arrive at the price ofshares it is required to value the assets and business of IKIWL and IFCAL.The Valuer, to be appointed through tendering process, will be required tomake a detailed study of the business assets and properties of IKIWL andIFCAL for valuation of assets / business / shares of both the subsidiarycompanies and submit the valuation report to IDCOL.ObjectivesThe objectives of engaging a Valuer is to get valuation report under differentmethods of valuation for determination of reserve price for the shares ofIKIWL and IFCAL which will be considered as bench mark price to evaluatethe offers to be received for acquiring majority stake in IKIWL and IFCAL bystrategic investors.

35Scope of WorkThe authority shall issue a work order specifying the terms & conditions.The scope of work of valuation includes the following:-(a) Study of the existing business, facilities and environment in bothIKIWL and IFCAL in the present context.(b) Collection, compilation and analysis of relevant data relating to thebusiness, assets, cost of production and revenues etc.(c) To prepare an inventory of the assets, to submit an inceptionreport to the authority mentioning the way how to go about thevaluation.(d) Preparation of different reports as may be required for facilitatingvaluation and for use of the same as background information forvaluation. Identifying underlined assumption made by the Valuer inarriving at the valuation.(e) Adopting different valuation methods as followed by theDisinvestment Commission, Government of India regarding valuationspecific to PSUs and other methods of valuation depending on thestate of affairs of the company being evaluated having regard toindustries in which it operates and the company’s intrinsic strength.(f) To submit an draft valuation report and make presentation beforethe authority about the work they have done before submission ofthe final valuation report.(g) Submission of final valuation report with justifications for thevaluation assigned to each item of assets of IKIWL and IFCAL.DeliverablesThe deliverables will include but not necessarily limited to –

361. Inception report : The Valuer shall submit an inception report at thecommencement of the valuation explaining the methodology to befollowed and the work plan etc.2. Submission of brief interim progress report within 15 days ofcommencement of work.3. Draft valuation report should be submitted on completion of about90% of the work within 25 days of commencement of work.4. Formal presentation of their findings at a meeting to be organized by theauthority.5. Submission of final report within 2 days of presentation.Timing1. Valuer should commence the work within 7 days of receipt of theWork Order.2. Inception report should be submitted within one week ofcommencement of work.3. Interim report should be submitted within 20 days of thecommencement of work.4. Draft valuation report should be submitted within 25 days of thecommencement of work.5. The final valuation report should be submitted within one month ofthe commencement of work.6. Final valuation report should be submitted within 2 days of thedate of presentation of the valuation report before the authority.The time schedule may be suitably extended for justifying reasons. But in nocase it should exceed 1 ½ months.

37Administrative ArrangementsThe Valuer should report to the authority. The authority will constitute awork group to enable the Valuer to conduct their valuation. One of thesenior management executives will be designated as the officer who will beresponsible for overall coordination.Documents to be made availableThe available data as may be required by the Valuer will be provided by theauthority on request. As such, data / information will be handed over to theValuer through the Nodal Officer designated by the authority for this purpose.PaymentsThe payment shall be made in respect of each deliverable upon completionthereof as per the following schedule.On acceptance of Work Order - 30%Submission of inception report - 10%Submission of interim report - 20%Submission of draft final report - 20%Submission of final report - 20%The Valuer should submit two copies of the final valuation report in both soft aswell as hard copy explaining in detail the steps followed, informationcollected and valuation methods used and other details etc.The Valuer should keep all the documents relating to the valuationconfidential and maintain secrecy. No part of such report should be madepublic by the Valuer.The ownership of all data, report etc. developed by the Valuer shall restwith the authority.

38ANNEXURE-II(1) PRELIMINARY INFORMATION MEMORANDUM ON IDCOL KALINGAIRON WORKS LIMITEDSTATE OF ORISSA Fast improving infrastructure. Climate conducive for metallurgical units due to rich reserves of iron oreand chrome ore. At present a power surplus state (many mega power projects in pipeline) Availability of manpower.IDCOL KALINGA IRON WORKS LTD. Established brand since 1960s. Proximity to source of raw material Power and water abundantly available. Well connected by Rail & Road Unit has 4 TG Sets of 4MW capacity each. Power generated with much less cost using Blast Furnace Gas.PERSONNEL Highly experienced staff. Healthy/ Congenial industrial relation. Cordial relationship with employees ( no man days lost due to strike since1971) Excellent opportunity for forward integration, at a less cost and timecompared to green field projects e.g. manufacture of steel, special steeletc. Casting unit for automobile industry / EOU. Production of D.I. Pipes.

39BACKGROUND : In the year 1963 IDCOL took over a low shaftblast furnace of 30,000 MT capacity fromKalinga Industries Ltd. and renamed it asKalinga Iron Works. Thereafter over the periodit has added 3 more Blast Furnaces (85 M 3each) for production of foundry grade pig iron asper details given below. The original BlastFurnace No.1 was modified in the year 1998-99enhancing the capacity to 60,000 MT perannum.FURNACE Date of CAPACITY Capacitycommissioning Quantitative volumetricNo.I 5.10.1999 60,000 MT 100 CUMNo.II 1.4.1969 35,000 MT 85 CUMNo.III 1.2.1971 35,000 MT 85 CUMNo.IV 29.3.1991 40,000 MT 85 CUMTOTAL1,70,000 MTLOCATION : The plant is located at Matkambeda, Barbil inKeonjhar District (Orissa). It is located at adistance of 4 KM from Barbil Railway Station onSouth Eastern Railway. Barbil is connected toKolkata via-Tatanagar BG Railway line. Theplant lies 75 kms away from NH-6 connectingKolkata and Mumbai. The distances of someof the major towns from the plant are givenbelow.

40ORISSA Bhubaneswar By Road 320 Kms.Rourkela By Road 164 Kms.WEST BENGAL Howrah By Rail 434 Kms.BIHAR / Tatanagar By Rail 160 Kms.JHARKHANDChain Basa By Rail 90 Kms.Chakradharpur By Rail 120 Kms.DELHI Delhi By Rail 1400 Kms.LAND : The work site comprises total area of 570.627acres of land of which 418.310 acres are leasehold and balance 152.317 acres are free hold.The plant has about 198.527 acres of unutilizedland available for future expansion. A smallportion of land measuring around 23.49 acresis being utilized for coke oven plant. The leasewas executed on 13.12.1993 for a period of81 years.PRODUCT : IKIWL produces Foundry Grade Pig Iron in its4 nos. Low Shaft Blast Furnaces.The high Silicon content eliminates the use ofFerro Silicon, Leading to substantial reduction incost of melting its composition offers a wiselatitude of dilution with cast iron scrap & mildsteel scrap. The specification of FoundryGrade Pig Iron produced at IKIWL is givenbelow:Grade Carbon % Silicon % Manganese % Sulphur % Phos %Special LM 3.5% to4%3 % &above0.5% to 1% 0.07% Max 0.2%Max.2 nd LM -do- 2.00 % to -do- -do- -do-< 3.00%3 rd LM -do- 1.75% to< 2.00 %-do- -do- -do-LM - Low Manganese

41RAW MATERIAL SOURCESIRON ORE : The plant is situated in the heart of iron ore beltof Orissa in Keonjhar District. The Ore ispurchased from OMDC and other private MineOwners from local area.Though IDCOL / IKIWL is operating Roida ‘C’Iron and Manganese ore Mines of OrissaMining Corporation, the iron ore is not suitablefor Blast Furnace operation as it is spongegrade iron ore. Long-term supplyarrangement with OMC can be made for ironore requirement.COKE : Approximately 1.7 lakh MT of Low AshMetallurgical (LAM) Coke is required perannum for operation of all four Furnaces.Coke is being procured from various sourcesas outlined below:Low Ash CokeHigh Ash CokeNut Coke-Imported / NINL / DPL-Own conversion arrangement-IISCOA Coke Oven Plant in joint venture is underoperation in the premises of IKIWL.POWER : The entire power requirement of the Plant ismet from captive generation from 4 nos. ofT.G. Set of 4 MW each using B.F. Gas.Besides the Plant has contract demand forsupply of power of 2.1 MVA with NESCO.Power is supplied through a 11 KV substationlocated at Barbil about 2 Kms away from thePlant through a separate feeder.WATER : Water requirement of the plant is met from aperennial river “KARO” which flows near to thePlant.RAILWAY : It has its own railway siding and BG line ofabout 7 kms for facilitating movement of rakesfor Coke and Pig Iron. Slag, Limestone,Dolomite etc. It also possesses 4 Diesellocomotives.

42COLONY : Colony is spread over an area of 184 acreswhich is a mini town by itself. It has 932 nos.Quarters, Administration Building, Co-operativestore, two Transit Houses, Hospital, School,Club, Market Center, Auditorium, Creche andrest shed.TECHNOLOGY : The original Plant was set up with the technicalcollaboration with M/s. Fried Krupp of WestGermany. M/s. A.G. Wesser of West Germanywas technical collaborator for its Power Plants.The manufacturing process involves carbothermic reduction of iron ore by burning ofmetallurgical coke with pre-heated air in thetemperature range of 800 o C to 900 o C blownthrough tuyers located at certain level abovethe tap-hole. The impurities reacting withlimestone and dolomite form a fusible slagwhich floats on the surface of molten metal.Hot metal is tapped at fixed intervals of fourhours through the tap hole. The slag is tappedtwo hours after each metal tapping throughCinder notch. The metal after being tapped inthe laddle, the ladle is sent to Pig CastingMachine for casting into Pig slabs.A part of the hot metal is transferred to SpunPipe Division for manufacture of Cast Iron SpunPipes.ISO: 9001:2008 : The company has been accredited with ISO:9001:2008 Certificate since November 1996.ISO:14001:2004 : The company has also obtainedEnvironmental Management System StandardCertificate.POLLUTIONCONTROL: An ESP has been installed to clean theFurnace Gas which is being used in theCaptive Power Plant for generation of power.The Unit has necessary clearance from theState Pollution Control Board.

43MANPOWERNo. of Employees as on 31.07.2011RegularEmployeesSupplyLabourContractLabourPig Iron Divn. Spun PipeDivn.Mines Total766 231 24 1021440560IMPORTANT FINANCIAL INFORMATION(As on 31/03/2010)` in CroreGross Fixed assets : 115.09Share Capital : 70.10Net worth : 5.22Working Capital Limits• Cash Credit Loan : 1.64• Loan from IDCOL : 76.86PHYSICAL AND FINANCIAL PERFORMANCEParticulars 2005-06Actual2006-07Actual2007-08Actual2008-09Actual2009-10ActualProduction (MT) 1,23,583 1,43,372 1,43,572 89,384 87,744Pig IronSpun Pipe 7,727 10,717 9,553 9,973 9,724Sales(MT)1,11,150 1,26,072 1,23,548 82,517 69,612Pig IronSpun Pipe 8,344 10,684 9,291 10,347 8,819Total Turn Over(Rs. in Crore)Net Profit / (Loss) (Rs.in Crore)Cash Profit / (Loss)(Rs. in Crore193.98 243.24 280.14 253.30 215.10(6.75) 16.13 6.11 (6.49) (39.61)(2.06) 20.86 10.91 (1.60) (34.32)

DCOL KALINGA IRON WORKS LTD.Fixed Assets ScheduleFIXED ASSETSGROSSBLOCK (ATCOST)(Value in Rupees)ACCUMULATEDDEPRECIATION NET BLOCKOPENING DEDUCTION/ ADDITIONS CLOSING DEPRECIATION DEPRECIATION DEDUCTION/ DEPRECIATION AS ATASSETS BALANCE ADJUSTMENT DURING BALANCE WRITTEN OFF CHARGED ADJUSTMENT WRITTEN OFF 31.03.10DURING THE YEAR UPTO 31.03.09 DURING 09-10 DURING UPTO 31.03.10THE YEAR THE YEARLAND :FREE HOLD 29250000.00 29250000.00 29250000.00LEASE HOLD 1690807.74 1690807.74 118356.56 16908.08 135264.64 1555543.10BUILDING,ROADS,BRIDGES& CULVERTS 158974996.54 14274745.71 173249742.25 25355432.60 4160633.66 29516066.26 143733675.99PLANT & MACHINERIES 784835254.41 0.00 784835254.41 286797127.39 41440885.16 328238012.55 456597241.86OTHER QUIPMENTS 3701684.42 0.00 3701684.42 904795.87 255740.15 1160536.02 2541148.40FURNITURE,FITTINGS &OFFICE QUIPMENTS 5552063.05 131752.00 5683815.05 2689891.58 545695.87 3235587.45 2448227.60MOTOR VEHICLES 5497912.00 -37812.00 5460100.00 2207112.00 608668.00 -17960.00 2797820.00 2662280.00LOCOMOTIVES & RAILWAYLINES 41981478.00 31488996.00 73470474.00 3851169.00 3706940.00 7558109.00 65912365.00GRAND TOTAL :- 1031484196.16 -37812.00 45895493.71 1077341877.87 321923885.00 50735470.92 -17960.00 372641395.92 704700481.95

45ANNEXURE-II(2) PRELIMINARY INFORMTION MEMORANDUM ON IDCOL FERROCHROME & ALLOYS LIMITED• Ferro Chrome Plant, a unit of IDC of Orissa Limited, a State GovernmentUndertaking is located at Jajpur Road in the district of Jajpur, Orissastarted its operation in the year 1969 producing High Carbon FerroChrome.• Plant is well connected having nearest railway station Jajpur-KeonjharRoad on Howrah-Chennei Main line, which is about 3 Km from the plant.It can also be approached by road through NH-5 from Bhubaneswar(Capital of Orissa ) & then NH-215 (about 110 Km) nearest Air Port isBhubaneswar whereas Paradeep being the nearest port serves for exportpurpose.• In the year 1970 it also started production of Low Carbon Ferro Chrome.• The technical know-how was obtained from M/s. A.B. MetallurgyConsultant, Sweeden and the main plant machineries were supplied byM/s. ELKEM, Norway and ASEA, Sweeden.• The Plant has got two nos. of submerged Arc Reduction Furnaces ofcapacity 9 MVA & 6.5 MVA and Ore Briquetting Plant having capacity10T/hr.• Since inception it has contributed substantial amount to the stateexchequers.• Presently it is contributing about 30 crores per annum to Governmentexchequers in the form of Central Excise Duty , Sale Tax, Income Tax,Royalty, Cess, etc.PROFILE• Initially commissioned in the name of Ferro Chrome Plant ( A unit ofIDCOL) in the year 1969.

46• Formed as a wholly owned subsidiary company of IDCOL with effect from01.04.2002.• As ISO 9001 Company for Quality Management System from 8 thMay’1998. Also ISO 14001:2004 for Environmental Management Systemfrom 29 th January 2009.• Two sub-merged arc furnaces with annual production capacity of 19000MT High Carbon Ferro Chrome.• Furnace DetailsFurnace No. Transformer capacity Production Capacity /AnnumNo.1 9MVA 13000 MTNo.2 6.5 MVA 6000MT• Product: IFCAL produces High Carbon Ferro Chrome (HCFC) in its boththe furnaces.• Prime Product SpecificationHCFC Chromium Carbon Silicon % Sulphur % Phos %Grade % %4/8 60-65 8.00 max 4.00 max 0.05 max 0.05 max2/8 60-65 8.00 max 2.00 max 0.05 max 0.05 max* IFCAL consume Chrome ore from captive Talangi Chromite Mine ofIDCOL.• Raw MaterialComponentsSalient ParametersChrome Ore Cr 2 O 3 : 50-52%CrFe Ratio : 2.5CokeLow Phos Low Ash Met CokeMagnesite Mgo > 40%Quartzite SiO 2 > 96%Power3800 KWH/MT of HCFC

47Specific ConsumptionChrome OreCoke /CokeQuartzitePyrexonite / MagnesiteCarbon Electrode PasteElectric Power2.4000 MT0.550 MT0.140 MT0.180 MT0.020 MT3800 KWH• Source of PowerElectric power is supplied by NESCO for which IFCAL has an agreement for10700 KVA of contract demand with NESCO. Power is received at plant from a52.5 MVA Transformer of 132 / 33 KV grid substation situated at Sobra nearPlant. Plant sub-station is having 2 Nos. of 20 MVA, 33/11KV transformer.Power utilized for running both the arc furnaces, EOT Cranes, Pump Motors,Conveyor Motors, Illumination & Instrumentation purpose etc.Annual Power ConsumptionIndustrial = 69,858,627 kwhColony = 2,459,690 kwhTotal = 72,318,317 kwhEstimated Savings Potential (kwh) / year : 817366 kwhBased on energy Audit through PCRA – September’2010• Source of WaterWater requirement for Plant & Colony is met from ground water with overheadtanks facilities and the monthly requirement is about 25,000 KL.• Pollution Control MeasuresDepending upon the quality of emission, suitable air pollution control device isbeing installed for both the furnaces to control the pollutants so as to confirmto the norms stipulated by Pollution Control Board.• Railway sidingIFCAL owns private Railway Siding on the BG Line (Near J.K. road RailwayStation) for facilitating movement of rakes carrying finished product & rawmaterials.The Siding is not in use now.

48• Weigh BridgeTwo Nos. of computerized weigh bridge (30 T & 60 T) are in operation forweighment of incoming outgoing materials.• No. of Employees ( as on 01/01/11)Employees IFCAL TCM TOTALRegular 265 80 345Supply Labour 181 - 181Contract Labour 440 742 1182• Total land area of IFCAL 369.06 Ac.Factory AreaColony AreaPlantationOther Area70.00 Ac.90.00 Ac.35.00 Ac.174.06 Ac.• Facilities Available• 350 Residential Quarters• Guest House• ESI Hospital• Dispensary• Schools• Employee’s & Officer’s Club with auditorium• Market centre• Bank & Post Office• Creche & Rest ShedIMPORTANT FINANCIAL INFORMATION(As on 31/03/2010)` in CroreGross Fixed assets : 25.35Share Capital : 18.81Reserve & Surplus : 22.18Net worth : 41.00Working Capital Limits• Cash Credit Loan : 7.45• Bank Guarantee : 0.50• Letter of credit : 3.00

49Particulars 2005-06ActualProduction(MT)FUR-1PHYSICAL AND FINANCIAL PERFORMANCE2006-07Actual2007-08Actual2008-09Actual2009-10Actual2010-11UptoFeb’11Prov.9480 12967 13263 12989 13307 11248FUR-2 6122 5939 6399 4103 4395 3716Total (MT) 15602 18906 19662 17092 17702 14964SalesHCFC(MT)Net TurnOver(Rs. inCrore)Net Profit /Loss (Rs.in Crore)CashProfit /Loss (Rs.in Crore15705 17486 18958 13234 17816 1664244.26 60.73 98.22 91.19 92.60 103.95-7.12 10.42 28.94 14.47 2.92 24.85-5.74 11.81 29.85 15.42 3.87 25.78

A/c.CodeAccount HeadOpeningBalanceDeduction /Adjustmentduringtheyear50IDCOL FERRO CHROME & ALLOYS LTD.Fixed Assets Schedule for the Year 2010-11Additions duringthe yearClosing BalanceDepreciationwritten-off upto31.3.2010Deprecationfor the yearAdjustmentfor theyearDepreciationwritten off upto31.3.2011Net Block as at31.3.201108100 Land –Free Hold 2,02,652.00 - 2,02,652.00 2,02,652.0008200 Land-Leasehold 6,84,177.00 - 6,84,177.00 82,672.00 10,334.00 93,006.00 5,91,171.0008300 Roads, Bridges 37,18,071.00 - 37,18,071.00 4,57,905.00 60,606.00 5,18,511.00 31,99,560.00and culverts08401 Factory Building 2,81,35,992.49 - 95,33,453.56 3,76,69,446.05 74,84,802.49 10,72,342.56 85,57,145.05 2,91,12,301.0008402 Non-factory 1,29,52,550.00 - 1,29,52,550.00 16,89,000.00 2,11,125.00 19,00,125.00 1,10,52,425.00building08403 Residential 6,86,02,450.00 - 6,86,02,450.00 89,45,744.00 11,18,218.00 1,00,63,962.00 5,85,38,488.00building08701 Main Plant and 12,21,57,530.45 - 7,58,932.00 12,29,16,462.45 4,89,18,654.45 64,64,428.00 5,53,83,082.45 6,75,33,380.00Machinery08704 EngineeringWork shopequipment3,69,038.00 - 3,69,038.00 1,42,506.00 19,488.00 1,61,994.00 2,07,044.0008800 Electricalinstallation08900 Water supplyinstallation09204 Laboratoryequipment09205 Telephoneinstallation09207 Drawing &Surveyequipment17,65,120.00 - 17,65,120.00 7,45,592.00 93,199.00 8,38,791.00 9,26,329.0020,26,698.00 - 20,26,698.00 5,82,469.00 1,07,009.00 6,89,478.00 13,37,220.001,60,003.00 - 1,60,003.00 54,463.00 8,403.00 62,866.00 97,137.005,27,926.00 - 5,27,926.00 2,23,000.00 27,875.00 2,50,875.00 2,77,051.0040,345.00 - 40,345.00 8,625.00 2,553.00 11,178.00 29,167.0009208 Fire Fighting1,96,428.00 - 1,96,428.00 35,464.00 12,433.00 47,897.00 1,48,531.00equipment09209 Other equipment 3,67,557.00 - 3,67,557.00 1,94,613.00 25,864.00 2,20,477.00 1,47,080.0009301 Furniture &28,45,822.15 - 2,63,974.00 31,09,796.15 15,05,348.15 2,53,012.00 17,58,360.15 13,51,436.00Fixture-Office09302 Furniture &Fixture – GuestHouse59,768.00 - 59,768.00 30,256.00 3,782.00 34,038.00 25,730.0009305 Furniture &Fixture-Electricalitems24,43,719.00 - 2,95,905.00 27,39,624.00 3,82,315.00 1,35,218.00 5,17,533.00 22,22,091.0009401 Heavy Vehicles 47,818.00 - 47,818.00 43,264.00 2,163.00 45,427.00 2,391.0009402 Light vehicles 3,48,860.00 - 3,48,860.00 2,46,640.00 33,142.00 2,79,782.00 69,078.00GRAND TOTAL 24,76,52,525.09 - 1,08,52,264.56 25,85,04,789.65 7,17,73,333.09 96,61,194.56 8,14.34,527.65 17,70,70,262.00