EXPRESSION OF INTEREST FOR
REVIEWING/UPDATING THE EXISTING
INTERNAL AUDIT MANUAL & INTERNAL

CONTROL

CENTRAL WAREHOUSING CORPORATION

(A GOVT. OF INDIA UNDERTAKING)
CORPORATE OFFICE

4/1, Siri Institutional Area,
August Kranti Marg,
New Delhi-110016

Phone: 011- 46523028/ 26566107-276
Email: cwcinternal.audit@cewacor.nic.in /

scmallick@cewacor.nic.in
website: www.cewacor.nic.in
Notice inviting Expression of Interest (EOI)

For

reviewing/updating the Existing Internal Audit Manual & Internal

control of the Corporation.

This EOI Document is being published by the Central warehousing
Corporation (CWC). The purpose of this EOI document is to explore
interested parties with the relevant information regarding the
assignment. The interested parties are advised to study this EOI
Document carefully before submitting their response to the EOI Notice.
The firms shortlisted through this Expression of Interest would only be
called for submission of the bid for above work through tender process.
This EOI document is not transferable.

Last date for online 05.04.2021 up to 13.00 Hrs
EOI submission through e-tender portal of CWC i.e.
cwceprocure.com
Website to download www.tenderwizard.com/cwc, www.cwceprocure.com,
EOI www.cewacor.nic.in, www.tenderhome.com and
www.cppp.gov.in
No. CWC CO-IA/123/2020-I/A Dated : 03/03/2021

Notice

Scope of work As per Expression of Interest

Notice for EOI Online for above work. EOI documents will be available on

Website : www.tenderwizard.com/cwc

www.cwceprocure.com, www.cewacor.nic.in,

www.tenderhome.com and www.cppp.gov.in

Tender type Expression of Interest 10.03.2021 from 15.00
Schedule of EOI Document downloading date and Hrs. to 05.04.2021 up to
time 11.00 Hrs.
05.04.2021 up to
Last date and time of online 13.00 Hrs
EOI submission

Date and time of online EOI 05.04.2021 at 15.00
opening Hrs

Processing Fee PROCESSING FEE

PAYABLE TO M/S ITI

Limited for an amount

of Rs.885/- (Rupees

Eight hundred and

eighty-five only)

including GST @ 18%.

The payment should be

deposited through e-

payment gateway of

M/s ITI Ltd. only.
EXPRESSION OF INTEREST

Sub: Proposal for Reviewing/updating the Existing Internal Audit
Manual & Internal control of the Corporation-reg.

Central Warehousing Corporation (CWC) is a corporation established
under the Warehousing Corporations Act, 1962 enacted by the
Parliament. It is functioning under the Ministry of Consumer Affairs,
Food & Public Distribution, Govt. of India. CWC has been established
for the purpose of warehousing of agriculture produce and other
notified commodities. With the passage of time, Central Warehousing
Corporation has diversified its business and started operation of
Bonded Warehouses, Air Cargo Complex as well as Inland Container
Depots (ICDs)/Container Freight Stations (CFSs) all over the country.
CWC has been nominated to run the Integrated Check Posts (ICPs) at
various international borders. CWC, being a premier warehousing
agency in India providing warehousing and logistics support services to
diverse group of users and diversified its activities to the construction,
consultancy and management warehouses at different places of the
user at their requirement. Turnover of CWC during the Financial Year
2019-20 was Rs. 1727.63 Crores. It is expected that turnover for the
year 2020-21 would be more than Rs. 2100 Crores.

CWC is interested to get review/update the Existing Internal Audit
Manual which came into existence in the year 2010 & internal control
of the Corporation. In this context, CWC hereby invites Expression of
Interest from the interested CA Firms.

1.0 Scope of Work:

The CA firm will study the business operations of Central Warehousing
Corporation and its various activities including risks. The CA firm will
study and review the adequacy of existing Internal Control system,
internal financial control and existing Internal Audit Manual and its
suitability as per present Business environment and present laws in
vogue. The CA firm shall review/update, ascertain and advise:
a) Changes required in existing internal control system of the
Corporation.

b) Changes required in existing Internal Audit Manual of the
Corporation w.r.t. requirement of The Warehousing
(Development & Regulation) Act, 2007.

c) Changes required in existing Internal Audit Manual of the
Corporation w.r.t CARO 2020.

d) Changes required in the existing Internal Audit Manual of the
Corporation w.r.t requirement relating to Internal Financial
Control.

e) Changes required in existing Internal Audit Manual of the
Corporation w.r.t requirement relating to risk management
system.

f) Changes required in existing Internal Audit Manual of the
Corporation w.r.t requirement of standards on Internal Audit.

g) Changes required in existing check lists for Internal Audit
needs any revision/addition/deletion.

h) Changes required in internal control system and internal
audit manual keeping in view the computerization of various
operations.

i) Any other changes, as may be required due to certain factors.

2.0 Minimum Eligibility Criteria: The following details shall be
furnished in prescribed in Annexure-I.

a) The firm should be a firm of Chartered Accountants
empaneled with C & AG as on 01.04.2020. (Supporting
documents to be enclosed).

b) The firm should have been in existence for at least ten years
and should have carried out statutory audit/internal audit as
Central auditor of minimum two PSUs having a turnover of
Rs. 500.00 Crore during previous ten years. (Supporting
documents to be enclosed).
c) The firm should have minimum average annual turnover of
Rupees Fifty Lakh (in the name of firm submitting offer)
during preceding three financial years. (Supporting
documents i.e. Copy of Audited Balance Sheet of each year to
be enclosed).

d) The firms should have at least five partners with two FCAs and
two DISA/CISA qualified partners / employees.

e) The firms having its Head office/Branch Office within Delhi &
NCR are eligible to apply.

f) No partners or the firm has been debarred by the C&AG or
ICAI during last 5 Years (declaration to be submitted).

g) No disciplinary case/proceedings are pending before any
court of law/authority/ICAI against any partner or the
Firm(declaration to be submitted).

h) The Firm must be registered under GST and provide GST
Regd. Number.

i) The firm must be registered under Income Tax Act & provide
PAN Number.

3.0 Other Terms & Conditions:
i) The firm must not subcontract the work to any other firm.
ii) The audit team will work in strict confidence and will ensure
that the information in respect of the operation of the area /
unit is dealt in strict confidence and secrecy. A certificate
towards maintaining confidentiality and secrecy to be provided
by the CA Firm before commencement of work/assignment.
iii) No partner of the firm is related to Chairman / MD / whole
time Director or part time Independent Director of the
company within the meaning of section 2(77) of the Companies
Act, 2013.
iv) Neither the firm nor its partner or associates have any interest
in the business of the Corporation.

v) The Firm will be debarred from getting the assignment in future
in CWC and present assignment will be null and void, in the
following cases.

a) In case, the firm obtains the assignment on the basis of
false information / false statement/false documents.

b) In case, the firm does not take up the assigned work in
terms of work order.

c) In case, the Firm violates any of the stipulation from (i) to
(iv)

d) In case, the performance of assignment is found to be
unsatisfactory by the competent authority.

vi) The EOI should be submitted strictly as per terms and
conditions laid down in the document through e-tender portal
of CWC i.e. cwceprocure.com by the duly authorized official.

vii) Application received after the due date and time for any reason
whatsoever will not be entertained.

viii) The firm may, if they wish to visit CWC Corporate Office
(address mentioned below) for better understanding/seeking
any clarification about the working and functioning of CWC at
their own expenses or Sh. S. C. Mallick, Deputy General
Manager (Internal Audit) (Mob- 9427526635) may be
contacted for this purpose.

ix) 0 The proposals received shall be scrutinized and the final
outcome, if any, shall be intimated to the concerned at their
notified address/e-mail.

4.0 Disclaimer: This EOI does not create any contractual obligation
on the part of CWC. The CWC reserves its right to reject any/all the
proposals without offering any reason thereof.
Annexure -1

Format for expression of interest for Reviewing/updating the
Existing Internal Audit Manual & Internal control of the CWC

1. Name of the Firm :

2. Address :

i) Address as per ICAI records :

ii) Telephone Number :

iii) Mobile Number :

iv) Email Address :

v) PAN Number :

vi) GST Regd. No. :
Sl. No. Particulars Supporting Documents

1. Year of establishment & A copy of the registration

registration no. of the Firm certificate may be enclosed.

2(a) CAG Empanelment No. A copy of the same may be

enclosed.

2(b) ICAI Registrtation No. A copy of the same may be

enclosed.

3(a) Overall years of Internal Audit/ Name of Client Client

Statutory Audit experience. Category Year of Audit

Details of Assignment Work

Order No./Date

(Copy to be enclosed)

3(b) No. of years Internal Name of Client Client

Audit/Statutory Audit conducted Category Year of Audit
in PSUs as Central auditor.
Details of Assignment Work

Order No./Date

(Copy to be enclosed)

4. Average Annual Turnover of the Copy of Audited Balance

firm in the preceding 3 Financial Sheet of each year to be
Years i.e. 2017-18, 2018-19 & enclosed.
2019-20.
5 (a) Number of partners in the firm. Copy of Registration to be
5 (b)
The name of min. five partners enclosed.
6. with two FCAs with details may
7.
8. be given.

Number of DISA/CISA qualified Copy of DISA certificate to be

partners / employees in the firm. enclosed.
The name of min. two partners /

employees with details may be

given

The address of the Head
office/Branch Office in Delhi

Whether the firm or any of its
partners has been debarred by

the C&AG or ICAI during last 5
years

Whether any disciplinary
case/proceedings are pending

before any court of

law/authority/ICAI against any
partner or the firm.

Declaration:
1. We confirm that the information furnished herein are correct and
fair in all respects and we have the necessary documentary proof to
substantiate the same. It is further Confirmed that in case any of the
contents contained herein are found to be incorrect, Central
Warehousing Corporation is free to initiate any appropriate action
against us.

2. We further declare that there have been no adverse comments/
qualification on our performance from the Management/Audit
Committee.

Note:

1. Documentary evidence of all the information as stated above is
to be furnished along with the EOI.

2. All the pages of the Expression of Interest and this document are
to be signed with the seal of the firm and submitted as token of
acceptance of all terms & conditions.

(Sign. & Seal of the Partner of the Firm)