Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Tenders »
Open DEMAT Account in 24 hrs
 Mahanagar Telephone Nigam Limited, Lodhi Road, New Delhi
 Raipur Smart City Ltd., Raipur (C.G.)
 Andhra Pradesh Capital Region Development Authority, Vijayawada, A.P.
 Odisha Power Generation Corporation Limited, Bhubaneswar, Odisha
 Corrigendum Syama Prasad Mookerjee Port, Kolkata, West Bengal
 Jharkhand Bijli Vitran Nigam Limited, Ranchi, Jharkhand
 Assam Health Infrastructure Development and Management Society, Guwahati, Assam
 Uttar Pradesh Real Estate Regulatory Authority, Lucknow, Uttar Pradesh
 25 LPA Opening Auditor Fund Management
 Punjab National Bank, Gurugram, Haryana
 M.P. Water and Land Management Institute, Bhopal, Madhya Pradesh

Karnataka State Coir Development Corporation Limited, Bangalore, Karnataka
May, 02nd 2019
KARNATAKA STATE COIR DEVELOPMENT CORPORATION LIMITED




                          TENDER DOCUMENT




 TENDER NOTIFICATION No. KSCDC/M(ACCTS)/TN-14/2019-20, Dated:25.05.2019

TENDER FOR ENGAGING SERVICES OF CHARTERED ACCOUNTANT FOR
        CONDUCTING INTERNAL AUDIT FOR THE YEAR 2019-20




  ____________________________________________________________
                      VITC Building, Kasturba Road,
                            Bangalore ­ 560 001
               Phone No. 080 22865866 Fax No.080 22865865
       KARNATAKA STATE COIR DEVELOPMENT CORPORATION LIMITED
                          (A Government of Karnataka Enterprise)
                             V.I.T.C. Building, Kasturba Road,
                                 BANGALORE ­ 560 001
                 TELEPHONE NO. 22865866, FAX NO. 080 ­ 22865865

NO.KSCDC/M(ACCTS)/TN-14/2019-20                                       DATE : 25.05.2019



      SHORT TERM NOTICE INVITING TENDER FOR ENGAGING SERVICES OF
     CHARTERED ACCOUNTANT FOR CONDUCTING INTERNAL AUDIT FOR THE
                              YEAR 2019-20
                (THROUGH E-PROCUREMENT PORTAL ONLY)

      The Managing Director, Karnataka State Coir Development Corporation Limited,
Bangalore, invites sealed tenders through e-procurement for Engaging services of
Chartered Accountants for conducting Internal Audit for the year 2019-20 empanelled
with C&AG, as per the Nature of Work mentioned in Schedule-I.


                             TERMS AND CONDITIONS

1.      The tender should be submitted through E-procurement Portal as "TENDER FOR
        ENGAGING   SERVICES   OF   CHARTERED     ACCOUNTANT         FOR
        CONDUCTING INTERNAL AUDIT FOR THE YEAR 2019-20" addressed to The
        Managing Director, Karnataka State Coir Development Corporation Ltd,
        Bangalore ­ 560001.
2.      The tender for the bid should be as per the Nature of Work - Schedule ­I.
3.      Date and Time for Receipt and Submission of the Tender is 25.04.2019 to
        08.05.2019 upto 3.00 P.M
4.      The date and time for opening the Tender is 09.05.2019 at 3.30 P.M. in the
        presence/absence of such tenderers/their authorised representatives. Only one
        person per tender is permitted to be present.
5.      No tender with corrections shall be considered as valid unless such corrections are
        attested by the tenderer/authorised person. The tender should be neatly written as
        given in the bid format.
6.      The Tenderer shall pay the EMD through e-procurement by following modes:
        a)Credit Card, b)Debit Card, c)NEFT (National Electronic Fund Transfer) &
        d)OTC (Over the Counter ICICI Bank payment).


                                                2
      EMD details are indicated in Annexure-A. The E.M.D. does not carry any
      interest. E.M.D. will be returned to the unsuccessful tenderers within a month of
      finalization of the tender.
7.    Tenders not supported by E.M.D. or not complete in any respect are liable for
      rejection.
8.    The E.M.D. of the successful tenderer will be retained as Security Deposit with the
      Corporation.
9.    The rate quoted by the tenderer should be firm and binding for TWO
      YEARS from the date of issue of Order.
      Further, 10% enhancement of charges on the accepted rate for the second
      year on mutual consent with the successful bidder, if agrees. Thereafter, if the
      Company decide to continue the successful bidder for one more year, 15%
      enhancement will be paid on the previous year rate, if the bidder agrees on
      mutual consent. Otherwise, a fresh tender will invited on completion of two
      year term.
10.   The rate should be quoted through e-procurement portal which includes Service
      Charges, other taxes, Conveyances and all other related expenses as applicable.
11.   The Chartered Accountants succeed in the tender should provide qualified and
      efficient men at places as indicated in Annexure-A. The successful tenderer has
      to provide the services as per the applicable terms and conditions.
12.   The Tender Committee will evaluate the tenders and the Managing Director
      reserves the right to accept/reject the tender. without assigning any reasons thereof
      and the decision of the said authority will be final.
13.   The successful tenderer is required to make an agreement on Rs.200/- stamp
      paper pertaining to tender terms and conditions within 15 days from the date
      of communication of tender acceptance in Annexure-B, failing which, the EMD
      will be forfeited.
14.   Payment will be made within 30 days on submission of bill quarterly along with
      the detailed audit report. The Tenderer should mentioned the Audit Fee along
      with the applicable taxes and other levies in the bill.
15.   The decision of the Managing Director, Karnataka State Coir Development
      Corporation Ltd., Bangalore is final and binding on both the parties in case of any
      disputes that may arise during the period of contract. However, the appeal is
      confined to the jurisdictional courts in Bangalore, Karnataka.
16.   Service provider is entirely responsible for all taxes, duties, license fees, octroi,
      permits and other levies, etc. incurred until termination of the contract.








                                               3
17.   If the Tenderer is not willing to provide the services sought on the accepted rate
      for the specific period, the Corporation has the right to terminate the agreement
      and forfeit the EMD.
18.   Further details if any, can be had from the office of the undersigned during the
      office hours on all the working days.



                                                                    MANAGING DIRECTOR




                                             4
                                        ANNEXURE ­ A


                             INTERNAL AUDIT FOR THE YEAR 2019-20


Sl.No.         Job Profile           Qualification               EMD                Place of Work
01       Conducting       of Chartered Accountants             Rs.10,000/-      1. Registered
         Internal Audit for                                                     office of the
         the year 2019-20                                                       Corporation
                                                                                2. Showrooms
                                                                                    at various
                                                                                    locations
                                                                                3. Godowns.
                                                                                4. Production
                                                                                    centres as
                                                                                    per the list
                                                                                    enclosed.


Note : Only Bangalore based Companies/firms are required to participate.

          STATUS OF THE CORPORATION FOR LAST THREE YEARS

                                                                       (Rs. In lakhs)
         Sl.No.       Year       Share Capital       Turnover          Profit/Loss
           1         2015-16        301.15           2027.23                 -77.03
           2         2016-17        301.15            570.48             -203.64
           3         2017-18        301.15            356.27             -217.69
           4         2018-19        301.15         Expected                   ---
                                                  Rs.5.00 to
                                                 Rs.6.00 Crore




                                             5
                                       SCHEDULE ­ I

                                      NATURE OF WORK

01.   Audit of Corporate office :

      i)     100% Verification of Sundry Debtors, Sundry Creditors, Journals, Sales, Purchase
             etc.
      ii)    100% Verification of Grants received from the Government ­ Opening Balances,
             Receipts, Expenditure Incurred, Closing Balance and Certification of Utilisation
             Certificate.
      iii)   100% Verification of Fixed Assets Register of the Company.
      iv)    Verification of records in respect of Tenders.
      v)     Verification of all Bank receipts / payments and Banks Reconciliation
             Statements.

02.   Audit of all the Showrooms/Outlets :

      i)     100% Verification of Cash Sales Bills, Credit Sales Bills (for Credit Sales Bills -
             Acknowledge/Relevant Document obtained or not).
      ii)    100% Verification of Inward and Outward Notes.
      iii)   Quarterly Verification of Stocks of all showrooms/Outlets.
      iv)    Verification of Cash Sales Remittances and payments received from Sundry
             Debtors.

03.   Audit of Godowns :

      i)     100% Verification of Stock Book
      ii)    Verification of Expenditure incurred.
      iii)   Movement of Stocks (Verifying of Stock Outward and Inward Registers)

04.   Audit of Production Centres :

      i)     100% Verification of Opening Balances, Receipt, Transfers and Closing Balance
             of Stock.
      ii)    100% Verification of Progress Report with special reference to standard
             consumption levels, actual consumption of materials and wastages if any
             including valuation.


                                                 6
 iii)   Verification of Cash Book with Vouchers of all the production centres submitted
        by the respective Regional Managers.
 iv)    100% Verification of Inward and Outward Notes

05.     Audit Period :


        Sl.No.    Audit Period - Quarter        Completion Date
          1      April to June 2019                31.08.2019
          2      July to September 2019            30.11.2019
          3      October to December 2019          28.02.2020
          4      January to March 2020             31.05.2020


06.     Verification of Statutory Reports :

 a)     Monthly GST Returns
 b)     GST TDS
 c)     Etds and other Income Tax Returns
 d)     EPF Monthly and Annual Returns
 e)     Etds Filings
 f)     P.T.

07.     Other Scope of Work :

 a)     Preparation of Monthly Financial Statement.
 b)     Preparation of Budget.
 c)     Preparation of Balance Sheet along with the schedules as per Company Law.
 d)     Filing of monthly GST Returns and IT Returns for the year.
 e)     Certification of Utilisation Certificates for Grant Governments.
 f)     Any other related works, entrusted by the Company as per the requirement.

08.     Preparing Feasibility and Project Reports for Capital Investment, if any
        required by the Corporation.

 NOTE : On completion of the internal audit, the auditor should submit his
 report indicating the result of his review of the accounts. All discrepancies
 noticed in the financial accounts, transactions, procurements, Sales, bank
 reconciliation etc., should be included in the report with comments.
                                   *****

                                            7
                                     SCHEDULE II

                                      BID FORM

 EMD      ______________                                Bank DD No.________________
                                                        Dated:_________________

 Drawn on Bank :________________________________________________________

 Tenderer`s Name :
 Address :
 Tele No.




Sl.No.                 Particulars           Unit                    Your Quote in Rupees
                                                             In Figures             In Words
  1      Scope of Work is as in Schedule-I       1        Rate should be quoted in E-procurement
         reading through Sl.No. 01 to 08                                  Portal
         (The quote should include Service
         Tax and other applicable charges)







 This is to certify that I/We have gone through the terms and conditions and specifications
 of the tender for providing of internal audit and other services as mentioned in schedule-I
 and accept the same.



                                                 Signature of the Tender:
                                                 Name                  :
                                                 Address :
                                                 Telephone Number :
 DATE :                                          Fax Number            :




                                             8
      Copies of the following documents should be uploaded through
                           E-procurement portal




01.    Copy of the Membership Certificate issued by the Institute of
       Chartered Accountants of India.

02.    Copy of the GST Registration Certificate.

03.    List of Clients.

04.    Details of ongoing Audit.

05.    Pan Details.

06.    Name and Addresses of the Bankers.




                                     9
                                      Annexure ­ B

                                     AGREEMENT


     THIS AGREMENT made on this th day of               , 2019 between the Managing
     Director, Karnataka State Coir Development Corporation Ltd., VITC Building,
     Kasturba Road, Bangalore-560 001 (hereinafter the Company) of the One Part and
     M/s.
                               (hereinafter called the Chartered Accountant) on the
     other part:

     WHEREAS the Company invited bids for Conducting the Internal Audit of the
     Corporation and has accepted the bid by the Chartered Accountant for Conducting
     the Internal Audit at the rates (hereinafter called the Contract Price) as per the
     following description.


      Sl.No.                      Particulars                             Accepted
                                                                            rates




     NOW THE AGREEMENT WITNESSETH AS FOLLOWS ;

1.    In this Agreement words and expressions shall have the same meanings as are
      respectively assigned to them in the conditions of Agreement referred to,

2.    The following documents shall be part of the agreement and be read along with
      this Agreement.
                                            10
 A.    The Bid form and the price schedule submitted by the Bidder.

 B.    Nature of Work of Conducting Internal Audit and requirements as
       mentioned the Tender Notification No.KSCDC/M(ACCTS)/TN-14/2019-
       20, dated : 24.04.2019.

 C.    Terms and Conditions of Tender Notification No.KSCDC/M(ACCTS)/TN -
       14/2019-19, Dated: 24.04.2019.

IN WITNESS whereof the parties hereto have caused this Agreement to be
executed in accordance with their respective laws the day and year first above
written.

Signed, Sealed and Delivered by the     Signed, Sealed and Delivered
Purchaser                               by the Supplier




In the Presence of                      In the Presence of
(Name and Address of the Witness)       (Name and Address of the
                                        Witness)

1.                                             1.




2.                                             2.




                                      11

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting