EIGHTEENTH ANNUAL REPORT YEAR CENTRAL GOVERNMENT EMPLOYEES WELFARE HOUSING ORGANISATION REGISTERED OFFICE ADDRESS

Transcription

1 EIGHTEENTH ANNUAL REPORT YEAR CENTRAL GOVERNMENT EMPLOYEES WELFARE HOUSING ORGANISATION REGISTERED OFFICE ADDRESS CENTRAL GOVERNMENT EMPLOYEES WELFARE HOUSING ORGANISATION A WING, JANPATH BHAWAN 6TH FLOOR, JANPATH NEW DELHI TEL: , , , FAX : E_MAIL: cgewho@nic.in WEBSITE : BANKERS CANARA BANK SOUTH EXTENSION (PART I) NEW DELHI AUDITORS M/s Saxena & Saxena CHARTERED ACCOUNTANTS , CA Chambers, 18/12, W.E.A.,Karol Bagh, NEW DELHI

2 C O N T E N T S S.. Particulars 1. Introduction 2. Objectives 3. Constitutional Set-up 4. Review of Past Performance 5. Performance during the Current Year 6. Financial Assistance from the Central Govt. 7. Loan Arrangements for the Beneficiaries 8. News Letters 9. Implementation of the official language 10. Loans from Financial Institutions and Govt. of India 11. Vigilance 12. General Body/Governing Council/Executive Committee Meetings 13. Future Outlook 14. Acknowledgments 15. Auditor s Report 16. Balance Sheet as on Income and Expenditure Account for the year Receipts and Payments Account for the year ended Composition of General Body, Governing Council & Executive Committee

3 1. INTRODUCTION Central Government Employees Welfare Housing Organisation was formed by the Government of India, under the aegis of the Ministry of Housing & Urban Poverty Alleviation, as a welfare organisation, for construction of dwelling units exclusively for the Central Government Employees, on Profit- Loss basis and registered as a Society, in Delhi, under the Societies Registration Act of 1860, on 17th July OBJECTIVES The society, under its charter, has the mandate to: a. undertake social welfare schemes on no profit-no loss basis, for the Central Government Employees-serving and retired both, spouses of the deceased central government employees, and employees in service of this society, and spouses in case of deceased employees, by interalia promoting the construction of houses, and providing all possible help and required inputs, to achieve this object. b. do all such things as are incidental, or conducive, to the attainment of any, or all the above objects. 3. CONSTITUTIONAL SET-UP The Organisation is managed by a General Body and governed by a Governing Council with the Secretary, Ministry of Housing & Urban Poverty Alleviation as its President, and Senior Officials drawn from the Min of Housing & Urban Poverty Alleviation; Min of Personnel, PG & Pension; Min of Law; Min of Finance; Housing & Urban Development Corporation and JCM, as ex-officio members. The composition of the General Body and the Governing Council, as on , is given at the end of this report. There is an Executive Committee with Joint Secretary(H), as its Chairman, to oversee and approve the proposals and plans for procurement of lands, appointment of Architects, Contractors and formulation of housing schemes. The composition of the Executive Committee, as on , is also given at the end of this report.

4 The organisation is headed by a Chief Executive Officer, who is responsible for day to day management of the affairs of the organisation and planning & execution of all the projects. 4. REVIEW OF PAST PERFORMANCE (upto 31 Mar 2007) a) Projects Completed. of DUs i) Chennai Ph-I Dec DUs ii) Nerul, Navi Mumbai Sept DUs iii) Panchkula Ph-I May DUs iv) ida Ph - I Sept DUs v) Kolkata Ph-I Mar DUs vi) Kharghar, Navi Mumbai Oct DUs vii) ida Ph-II Dec DUs viii) Gurgaon Ph-I Jul DUs ix) Chandigarh Jan DUs x) Bangalore Mar DUs xi) Hyderabad. Ph-I Jun DUs xii) Kochi Ph-I Oct DUs xiii) Gurgaon Ph-II Sept DUs xiv) Pimpri Chinchwad,Pune Jan DUs xv) ida Ph-III Feb Dus xvi) ida Ph-IV Mar DUs xvii) Ahmedabad Sep DUs xviii) Jaipur Ph-I v, DUs xix) AIMT Gr ida Ph-I Dec 05 Institutional Building xx) Hyderabad Ph-II Feb, Dus xxi) Panchkula Ph-II Jul, Dus xxii ida Ph-V Mar, Dus xxiii) AIMT Ph-II Mar,07 Institutional Building Total DUs b. On going projects (upto 31 Mar 2007).of DUs i) Lucknow ii) Pune Ph-II iii) Hyderabad Ph-III iv) Chennai Ph-II v) Mohali Ph-I Total

5 c. Land The status of various lands acquired, as on 31st Mar 2007, is as under : STATION AREA TOTAL COST AMOUNT PAID REMARKS (in Acres) (Rs. in lakhs) (Rs. in lakhs) Chennai Ph-I 9.93 Turnkey Project Land utilised Nerul Land utilised Kolkata Ph-I 9.75 Turnkey Project Land utilised NOIDA,Sector Land Utilised Panchkula Ph-I Land Utilised Kharghar Land Utilised Gurgaon,Sector Land Utilised Chandigarh Land Utilised Pimpri Chinchwad Land Utilised (Pune) Hyd.(Ph-I) Land Utilised Bangalore Ph-I 8.20 Turnkey Project Land Utilised Kochi Partly Utilised and balance sold ida,sector 82, Land Utilised. Jaipur Ph-I Land Utilised. Ahmedabad 6.35 Turnkey project Land Utilised. Panchkula Ph-II Land Utilised. Lucknow Ph-I Yet to be Utilised Meerut Yet to be Utilised Greater NOIDA Yet to be Utilised Mohali(SAS Nagar) Yet to be Utilised Ph-III Chennai (Ph-II,III) Turnkey project Partly Utilised Hyderabad (Ph-III) 6.5 Turnkey project Land Utilised Gurgaon (Ph-III) Turnkey project Yet to be Utilised Mohali Ph-I & II Turnkey project Partly Utilised Bhubaneswar Ph-I&II Turnkey project Partly Utilised Vishakhapatnam 8.67 Turnkey project Jaipur Ph-II 6.79 Turnkey project Land Utilised d. Computerisation There are 17 personal Computers, connected with two main servers, available in this Organisation, alongwith inkjet, dotmatrix, two laser printers and one line printer (for heavy duty printing jobs). All the machines were optimally used to increase the efficiency and quality of output. and Web site facilities, as earlier launched, are widely in use and of immense utility to all the present and potential beneficiaries of CGEWHO.

6 5. PERFORMANCE DURING THE CURRENT YEAR ( TO ) a) On-going projects. of DUs i) Lucknow ii) Chennai Ph-II Turnkey Project iii) Hyderabad Ph-III Turnkey Project iv) Mohali Ph-I do-- v) Bhubaneswar Ph-I do-- vi) Pune Ph-II vii) Meerut Ph-I - 90 viii) Jaipur Ph-II b) Projects in Pipe line I) Greater ida Ph-I - Turnkey Project ii) Gurgaon Ph-III - Turnkey Project iii) Kolkata Ph-II - Turnkey Project iv) Bangalore Ph-II - Turnkey Project v) Vishakapatnam - Turnkey Project vi) Mohali Ph-II - Turnkey Project vii) Kharghar(Ph-II),Navi Mumbai - Turnkey Project viii) Chennai Ph-III - Turnkey Project ix) Lucknow Ph-II - Turnkey Project c) Computerisation Main servers and 17 personal computers are utilised for printing jobs as well as office work. These computers have been supported by battery back-up so that data can be saved and a large number of beneficiaries visiting the office get uninterrrupted service. Latest version of Tally package and Webtel TDS Accounting software have been installed for use in the Finance Directorate. 6. FINANCIAL ASSISTANCE FROM THE CENTRAL GOVT. The Govt. of India had provided Seed Capital of Rs. 19 crores upto the year 1997, for procurement of land and Capital investments in projects. 7. LOAN ARRANGEMENTS FOR THE BENEFICIARIES Central Government Employees are entitled to avail House Building Advance from Central Government vide the then Ministry of Urban Development s O.M.. I/17015/1/91/H.III dated for the purpose of acquiring dwelling units from CGEWHO.

7 In addition to HBA, Central Government employees can also take loan from HUDCO, HDFC, GIC Housing Finance Ltd, Nationalised Banks and other Financial Institutions & Banks against first/second mortgage for financing the cost of the house. 8. NEWS LETTER - GRIHA PATRIKA Twenty two issues of the newsletter `Griha Patrika have been brought out till date to keep CGEWHO s present and potential beneficiaries informed, about its activities regarding procurement of land, ongoing and future housing projects. 9. IMPLEMENTATION OF THE OFFICIAL LANGUAGE During the current year, the implementation of the official Language Act was speeded up and most of the printing matters have been made bilingually. Every year Annual Report of the CGEWHO is prepared bilingual. 10. LOANS FROM FINANCIAL INSTITUTIONS & GOVT. OF INDIA CGEWHO had taken the loans of Rs Cr, Rs Cr from National Housing Bank and HUDCO respectively. The balance of loan outstanding as on is Rs CR(NHB) and Rs CR(HUDCO). 11. VIGILANCE During the financial year under consideration, no vigilance case was reported. case was pending for action as on Queries received from the Ministry of Housing & Urban Poverty Alleviation were replied. 12. GENERAL BODY/ GOVERNING COUNCIL/ EXECUTIVE COMMITTEE MEETINGS During the financial year under consideration, the Governing Council of CGEWHO met once and one meeting of General Body was held while the Executive Committee met three times.

8 13. FUTURE OUTLOOK During the next financial year i.e , CGEWHO aims to complete its on-going projects, including registration/conveyance deed activities well within the time schedule and to announce and commence construction of other projects already planned. Accomplishment of such objectives shall comprise the following activities:- i) Completion of construction at Lucknow and Pune(Ph-II) housing projects. ii) Formation of Apartment Owners Association with respect to the projects recently completed/nearing completion and handing over possession of all the common areas etc. iii) To speed up efforts for acquiring land at stations which are in demand e.g. Delhi, Dehradun, Agra, Bhopal & Coimbatore. iv) To commence construction at Greater ida, Gurgaon (Ph-III), Bangalore(Ph-II), Kharghar(Ph-II), Kolkata(Ph-II), Vishakapatnam, Chennai(Ph-III) and Mohali (Ph-II). v) Exploring potential for undertaking more projects by way of conducting Demand Surveys at other places of interest/in demand e.g. Indore, Bhopal, Raipur, Shimla, Dehradun, Goa Dhanbad, Patna, Ranchi, Coimbatore, Agra etc. vi) To keep the Organisation lean and thin, as it exists, and to get additional office space available for efficient and smooth functioning of the office of CGEWHO. 14. ACKNOWLEDGMENTS CGEWHO wishes to place on record, its gratitude, for the guidance and support provided by the members of the Executive Committee & Governing Council, and deep appreciation for the co-operation and assistance, received from the Auditors, Housing Financial Institutions, and other agencies of the Government of India, State Governments and their land development authorities.

9 Saxena & Saxena Chartered Accountants , CA Chambers, 18/12 W.E.A Karol Bagh, New Delhi Ph.: , Fax: Website: www. saxenaandsaxena.com AUDITOR S REPORT To, The Members, Central Government Employees Welfare Housing Organisation, New Delhi, We have audited the attached Balance Sheet of CENTRAL GOVERNMENT EMPLOYEES WELFARE HOUSING ORGANISATION, an entity being a society registered under Societies Registration Act 1860, as on and the Income & Expenditure Account for the year ended on that date, annexed thereto, both of which we have signed under reference to this report. These financial statements are the responsibility of the management of the organisation. Our responsibility is to express an opinion on these financial statements based on our audit. We have conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes, examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. We report as under: - 1. The audit of all project accounts has been carried out at the head office, New Delhi as per the books and the records produced before us and information and explanations provided to us. 2. The cost of the lands includes notional interest on capital grant received from the Central Government. 3. During the year the organization has taken a loan of Rs. 9 Crores from Canara Bank which has been paid on the next day alogwith the interest of Rs /-. However no documents in respect of sanction etc. were made available to us to this effect. 4. Subject to the above and the notes on accounts, we report that: (a) We have obtained all the information and explanations, which to best of our knowledge and belief were necessary for the purpose of our audit.

10 (b) In our opinion, proper books of accounts have been kept by the society so far as appear from our examinations of such books. (c) The Balance Sheet and the Income Expenditure Account dealt with by this report are in agreement with the books of account. (d) In our opinion and to the best of our information and according to the explanation given to us the said accounts read with schedules and notes thereon, give a true and fair view: - i) In the case of Balance Sheet of the state of affairs of the society as at ; and ii) In the case of Income and Expenditure account of the excess of expenditure over income of the society for the accounting year ended on For Saxena & Saxena Chartered Accountants Vineet Agrawal Place: New Delhi (Partner) Date: M

11 Saxena & Saxena Chartered Accountants , CA Chambers, 18/12 W.E.A Karol Bagh, New Delhi Ph.: , Fax: Website: www. saxenaandsaxena.com FORM NO. 10B [See Rule 17B] Audit Report under section 12A (b) of the Income-tax Act, 1961 in the case of Charitable or religious trusts or institutions We have examined the Balance Sheet of CENTRAL GOVERNMENT EMPLOYEES WELFARE HOUSING ORGANISATION as at 31 st March 2008 And the Income and Expenditure Account for the year ended on that date which are in agreement with the books of account maintained by the said trust. We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of the audit. In our opinion, proper books of account have been maintained by the above-named trust so far as appears from our examination of the books, subject to the comments given below: In our opinion and to the best of our information, and according to explanation given to us the said accounts give a true and fair view: - i. In the case of the Balance Sheet of the state of affairs of the above-named trust as at 31 st March 2008, and ii. In the case of the Income & Expenditure account, of the expenditure over income for its accounting year ending on 31 st March 2008 iii. The prescribed particulars are annexed hereto. For Saxena & Saxena Chartered Accountants Vineet Agrawal (Partner) M Place: - New Delhi Date:

12 ANNEXURE STATEMENT OF PARTICULARS I. Application of income for charitable or religious purposes 1. Amount of income of the previous year applied to charitable or religious purposes in India during that year. 2. Whether the trust has exercised the option under clause (2) of the Explanation to section 11 (1)? If so, the details of the amount of income deemed to have been applied to charitable or religious purposes in India during the previous year. 3. Amount of income accumulated or set apart for application to charitable or religious purposes, to the extent it does not exceed 25 per cent of the income derived from property held under trust wholly for such purposes. 4. Amount of income eligible for exemption under section 11(1)(c) [Give details] 5. Amount of income, in addition to the amount referred to in item 3 above, accumulated or set apart for specified purposes under section 11(2) 6. Whether the amount of income of mentioned in item 5 above has been invested or deposited in the manner laid down in section 11(2)(b)? If so, the details thereof. 7. Whether any part of the income in respect of which an option was exercised under clause (2) of the Explanation to section 11(1) in any earlier year is deemed to be income of the previous year under section 11(B)? If so, the details thereof. 8. Whether, during the previous year, any part of income accumulated or set apart for specified purposes under section 11(2) in any earlier year :- a. has been applied for purposes other than charitable or religious purposes or has ceased to be accumulated or set apart for application thereto, or b. has ceased to remain invested in any security referred to in section 11(2)(b)(i) or deposited in any account referred to in section 11(2)(b)(ii) or section 11(2) (b) (iii), or c. has not been utilised for purpose for which it was accumulated or set apart during the period for which it was to be accumulated or set apart, or in the year immediately following the expiry thereof? If so, the details thereof Rs.135,57,74,772/- II. Application or use of income or property for the benefit of persons referred to in section 13 [3]. 1. Whether any part of the income or property of the trust was lent, or continues to in section 13(3) [hereinafter referred to in this Annexure as such person]? If so, give details of the amount, rate of interest charged and the nature of security, if any. 2. Whether any land, building or other property of the trust was made, or continued to be made, available for the use of any such person during the previous year? If so, give details of the property and the amount of rent or compensation charged, if any.

13 3. Whether any payment was made to any such person during the previous year by way of salary allowance or otherwise? If so, give details. 4. Whether the services of the trust were made available to any such person during the previous year? If so, give details thereof together with remuneration or compensation received, if any. 5. Whether any share, security, or other property was purchased by or on behalf of the trust during the previous year from any such person? If so, give details thereof together with the consideration paid. 6. Whether any share, security, or other property was sold by or on behalf of the trust during the previous year to any such person? If so, the details thereof together with the consideration received. 7. Whether any income or property of the trust was diverted during the previous year in favour of any such person? If so, give details thereof together with the amount of income or value of property so diverted. 8. Whether the income or property of the trust was used or applied during the previous year for the benefit of any such person in any other manner? If so, give details. Salaries etc. to :- Mr. R.K.Singh - Rs.2,29,008/- (CEO Cum- Member- Secretary,Retd.) Mr.A.K. Rajput Rs. 6,25,111/- (CEO Cum- Member-Secretary) Mr. N.K.Wadhwa -Rs.6,38,510/- (Director Admin.- Cum Member- III. INVESTMENT HELD AT ANY TIME DURING THE PREVIOUS YEAR(S) IN CONCERNS IN WHICH PERSONS REFERRED TO IN SECTION 13(3) HAVE A SUBSTANTIAL INTEREST. S.. Name and address of concern For Saxena & Saxena Chartered Accountants Where the concern is a company, number and class of shares held minal value of the investment Income from the investment Whether amount in col.4 exceeded 5 percent of the capital of the concern during the previous year- say, Yes/ Vineet Agrawal (Partner) M Place: - New Delhi Date: