P. K f singhI ertic o. Adarsh Park, Gate No. 2, Secter-6Opp. Vasundhra Vethey Appartment,

Chartered Accountants Vasundhra, Ghaziabad - 201012Mob. : 9999108321, 0120-4134775

The Project Director

National Cyclone Risk Mitigation Project.

New Delhi

1. We have audited the attached Financial Statements of National Cyclone Risk Mitigation

Project financed under world Bank Loan No. IBRDP4150/1DA47720 which comprise the

Statement of Affairs as at 3 1st March, 2016, the Income & Expenditure Account

(Maintained on Cash Basis) and Receipt and Payment Account for the year ended on that

date and a summary of significant accounting policies annexed thereto.

2. MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Management is responsible for the preparation of these financial statements that give

a true and fair view of the financial position and financial performance of the Auditee.

This responsibility includes the design, implementation and maintenance of internal

control relevant to the preparation and presentation of the financial statements that give a

true and fair view and are free from material misstatement, whether due to fraud of error.

3. AUDITORS' RESPONSIBILITY

Our responsibility is to express an opinion on these financial statements based on our

audit. We have conducted our audit in accordance with the Standards on Auditing issued

by the Institute of Chartered Accountants of India. Those Standards require that we

comply with ethical requirements and plan and perform the audit to obtain reasonable

assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and

the disclosures in the financial statements. The procedures selected depend on the

auditor's judgment, including the assessment of the risks of material misstatement of the

financial statements, whether due to fraud or error. In making those risk assessments, the

auditor considers internal control relevant to the auditee's preparation and fair

presentation of the financial statements in order to design audit procedures that are

appropriate in the circumstances but not for the purpose of expressing an opinion on the

effectiveness of the entity's internal control. An audit also includes evaluating the

appropriateness of the accounting policies used and the reasonableness of the accounting

estimates made by the Management, as well as evaluating the overall presentation of the

financial statements. CGH&

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* Delhi *Noida *Dehradoon *Modinagar

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P. K . co. Adarsh Park, Gate No. 2, Secter-6Opp. Vasundhra Vethey Appartment,

CharterV e &eU V M audit evidence we is sufficidua t%- 1012Mob. : 9999108321, 0120-4134775provide a basis for out audit opinion.

4. Further to our comments given above & comments in the annexure referred to above, we

report that :-

i. We have obtained all the information and explanations, which to the best of our

knowledge and belief were necessary for the purpose of out audit.

ii. In our opinion proper books of accounts as required by the law have been kept by

the QCI so far as it appears from our examination of the books.

iii. The Statement of Affairs and Income and Expenditure account dealt with by this

report are in agreement with the books of account.

In our opinion and to the best of our information and according to the explanations given

to us, our report is subject to the following observations:-

The said accounts read together with the Significant Accounting & Management Policies,

Contingent Liability and Notes on Accounts in Schedule-7 give the information required

by the law in the manner so required and give a true and fair view in conformity with the

accounting principles generally accepted in India

i. In the case of the Statement of Affairs of the National Cyclone Risk

Mitigation Project as at 31.03.2016; and

ii. In the case of the Income and Expenditure Account, of the "Excess of the

Income over Expenditure" for the year ended on that date.

For P.K. SINGHAL &CO.

Charter ntants

Place: Delhi

Date: 06 /03 /2017

P.K. Singhal

(Partner)

M. No. 073882

Firm Reg. No. 05051C

* Delhi * Noida * Dehradoon * Modinagar

NATIONAL CYCLONE RISK MITIGATION PROJECT

STATEMENT OF AFFAIRS AS AT 31ST MARCH. 2016

PARTICULARS As At 31.03.2016 As At 31.03.2015PATCUASSchedule- - - --RS. RS.

CORPUS/CAPITAL FUND AND LIABILITIES

Reserves And Surplus 1 11,200,465 12,818,243

Total 11,200,465 12,818,243

FIXED ASSETS 2 590,506 803,298ASSETSCurrent Assets 3 10,609,959 12,014,945

Total 11,200,465 12,818,243

Significant Accounting Policies And Notes toAccounts 4AS PER OUR AUDIT REPORT OF EVEN DATE ATTACHED CERTIFIED TRUE & CORRECTFor P. K. SINGHAL & CO. For NATI NAL CYCLONE RISK MITIGATION PROJECT

CHART OUNTANTS

PR ECTOR PROJECT CO-ORDINATOR

RTNER CFRN -00

AcrOM. NO - 0738DATE 6th March, 2017PALACE DELHI

NATIONAL CYCLONE RISK MITIGATION PROJECT

INCOME AND EXPENDITURE ACCOUNTFOR THE YEAR ENDED 31ST MARCH 2016

PARTICULARS Schedules 2015-16 2014-15

INCOME/GRANT RS* RS.

Grant in Aid Received from NDMA4 12,290,822 33,191,400

Total GRANT RECEIVED (A) 12,290,822 -39---A 1229082233,191,40

EXPENDITURE

Capacity Building and Project Management Expenses 5 13,908,600 20,353,035Total EXPENDITURE (B) 13,908,600 20,353,035

Surplus/(Deficit) for the year (A-B) (1,617,778) 12,838,365

Balance Transferred to Reserve & Surplus --------- 3(1,617,778)1 12,838,3651

Significant Accounting Policies And Notes to Accounts 6CERTIFIED TRUE & CORRECTAS PER OUR AUDIT REPORT OF EVEN DATE ATTACHED For NATI NAL CYCLONE RISK MITIGATION PROJECT

For P. K. SINGHAL & CO.

CHARTERED ACCOUNTANTS

PRO I ECTOR PROJECT CO-ORDINATOR

M. NO -

DATE , 2017PALACE DELHI

SCHEDULE 1 RESERVES AND SURPLUS

AstAs At 3.321PARTICULARS 31.03.2016 As At 31.03.015

RS. RS.RESERVES ANJD SURPLUS

Opening BalanceAdd: Excess of Income over expenditure128843(02)

(1,617,7718) 12.838,36511,200,465 12,818,243

Total-11,200,465 12, 818 2 43

SCHEDULE 2 CURRENT ASSETS

PARTICULARS 31.. 016 As At 31.03.2015

RS.RSCurrent Assets

Cash In Hand

Bank Balances with:UCO Bank Account No. 1820020000924924 10,609,959 12,014,945

10,609,959 12,014,945

SCHEDULE 3 FIXED ASSETS

As AtPARTICULARS 31..016 As At 31.03.2015As1At31.0.201RS. RS.FIXED ASSETS PURCHASED

LED,OD T247,400 247,400COMPUTER ETC

.159,165 159,165AC & PHOTO COPY MACHINE 1591 1591TTL183,941 183,941TOTAL

590,506 590,506AMOUNT PAID TO DGS & D AGAINST ORDER FOR WORKSTATION ETC *- 212,792Total21,9

590,506 803,298

* The amount of Rs. 2,12,792 was returned back by DGS & D during the year due to non supplying of PIUSet up items.

od AcC

SCHEDULE 4 GRANTS RECEIVED FROM NDMA

PARTICULARS 2015-16 2014-15RS. RS.

Grants Received From National Disaster Management Authority Under Component "" 10,630,000 28,159,000Grants Received From National Disaster Management Authority.Under Component "D" 1,660,822 5,032,400

Total 12,290822 33191,400

SCHEDULE 5: CAPCITY BUILDING AND PROJET MANAGEMENT EXPENSES

PARTICULARS 2015-16 2014-15RS. RS.Component "C"- Capacityuidin EMenses

Consultancy Expenses 10,704 850 17,869,462

Component "D"- Proect Mana-ement Exenses

Meeting Expenses 1,440,940 390,513PIU Operating Expenses

132,252 165,524

Salary Expenses 1,228,816 1,324,474Travelling Expenses

401,742 603,062

Total 13,908,600 20,353,035

GiAt2

'edjAcl 0

NATIONAL CYCLONE RISK MITIGATION PROJECT

RECEIPTS AND PAYMENT ACCOUNTFOR THE YEAR ENDED 31ST MARCH, 2016

PARTICULARS 2015-16 2014-15RS. RS. RS. RS.

OPENING BALANCECASH IN HANDCASH AT BANK/WITH NIDM PLA ACCOUNT 12,014,945 12,014,945 (1,258) (1,258)A. RECEIPTSFund Received back frorn DGS & D 212,792GRANT IN AIDS RECEIVEDa. Grants Received From N D M A Under Component "C" 10,630,000 28,159,000b. Grants Received From N D M A Under Component "D" 1,660,822 12,503,614 5,032,400 33,191,400TOTAL RECEIPTS "A" 24,518,559 33,190,142B. PAYMENTSa. Component "C"- Canacity Building Exenses

Consultancy Expenses 10,704,850 17,869,462

b. Component "D"- Prolect Manaiement Expensesi. Meeting Expenses 1,440,940 390,513ii. PIU Operating Expenses 132,252 165,524iii. PIU Setup Expenses - Capital Expenditure 590,506

-AMOUNT GIVEN FOR WORKSTATIO - 212,792iv. Salary Expenses 1,324,474v. Travelling Expensesvi. Payment to NIDM 13,908,600 18,864 21,175,197

TOTAL PAYMENT "B" 13,908600 21,175,197CLOSING BALANCE13,908,60CASH IN HANDCASH AT BANK

10,609,959 10,609,959 12,014,945 12,014,945ITOTAL 24585933,190,14AS PER OUR AUDIT REPORT OF EVEN DATE ATTACHEDFor P. K. SINGHAL & CO. CERTIFIED TRUE & CORRECT

CHARTERED ACCOUNTANTS For NATIO L CYCLONE RISK MITIGATION PROJECT

H PRO ECTOR PROJECT CO-ORDINATOR

FRN-0 CM. NO - 0 42c0DATE 6th March, 2017

(O-P. K singhaUl- & 1 co.Adarsh Park, Gate No. 2, Secter-6

Opp. Vasundhra Vethey Appartment,-Chartered Accountants Vasundhra, Ghaziabad - 201012

Mob. : 9999108321, 0120-4134775

FORM GFR 19-A

[See Govt. of India Decision (1) below Rule 1501UTILIZATIION CERTIFICATE

For the financial Year 2015-16

S.No. Letter No. and Date Amount (Rs.) Certified that out of Rs. 1,22,90,822/- ofUnder Component "C" grants-in-aid sanctioned during the year

2015-16 in favour of National Institute of1. 1-4/2011-PMU-81/340 Rs. 1,06,30,000/- Disaster Management having its office at

Dated 12th August, 2015 IIPA Campus, I.P. Estate, New Delhi -

110002, under the Ministry of HomeUnder Component "D" Affairs, Letter No. Given in the margin

and the unutilized grant balance of Rs.2. Fund Received Dec, Rs. 16,60,822/- 1,20,14,945/- from previous year, an

2015 amount 1,36,95,808/- has been utilizedunder National Cyclone Risk MitigationProject and that the balance amount of Rs.1,06,09,959/- has been unutilized at theend of the 31st March, 2016 which will be

Total Rs. 1,22,90,822/- adjusted towards the grant in aidreceivable during the year 2016-17.

3. Certified that I have satisfied myself that the conditions on which the grants-in-aid weresanctioned have been duly fulfilled and that. I have exercised the following checks to seethat the money was actually utilized for the purpose for which it was sanctioned.

Kinds of checks exercised

Verification of documentary evidence including bills, payment vouchers, Bank Statements andexamination of the books of account.

For, P.K. Siinghal & Co. For, National Cyclone Risk Mitigation Project.

Fi5CDr. S t Kumar Rajesh Kumar Singh(PrPj ct Director) (Project Coordinator)

PARTERPlace: New DelhiDate: 6 th March, 2017

*rDelhi *Noia * Dehradoon * Modinagar

NATIONA LCYCLONE RISK MITIGATION PROJECTFOR THF FiyANIlAlYEAR ENDED 3 1sr MARCH, 2016

SCHEDULE:-7

SIGNIFICANT ACCOUNTI NG POLICIES AND NOTES TO ACCOUNTS1. Significant Accounting Policies.

(a) The financial statements are prepared on the basis of historical cost convention oncash basis and are in accordance with generally accepted accounting practices.

(b) The Fixed Assets register is being maintained for the physical verification and all thefixed assets acquired under the project are capitalized in the books of account of the* National Institute of Disaster Management in the respective financial year in whichsuch asset was acquired. Fixed Assets are stated at cost of acquisition including the,cost ofinstallation if any reduced by depreciation charged up to the year. The depreciation is beingprovided on the fixed assets as per the rates specified under Income Tax Act.

(c) Accounting policies not specifically mentioned are otherwise in consonance withgenerally accepted accounting practices.

(d) Grant in Aid is being recorded in the books of account ,when the fund are received.

(e) All Expenses are being booked in the accounts as and when they are incurred andpaid.

(f) Transaction denominated in foreign currency is accounted at the exchange rate prevailing onthe Date of the transaction.

The management contributes to the Provident funds for its employees and also retainsContributions of the employees towards Provident Fund. However such CPF is neither deposited instatutory providentfund nor in any recognized provident fund. The institute invests the said fundwith PSU banks inform of term deposit and the interest earned thereon also credited to the CPFaccount. This policy is being followed because institute has not received any recognition fromcentral Record keeping agency. As soon as the institute receives the recognition from certre it willDeposit the PF amount with statuary provident funds.

2. Contingent Liabilities

Claim against the institute not acknowledge as debt - NIL

-EA

3. In the opinion of the management, the value of realization of current assets, loans andadvances in the ordinary course of business would not,be less than the amount at whichthey are stated in the Balance Sheet. Further'provisions for all known liabilities have beenmade in the accounts.

For P. K. SING L & CO., For National Institute of Disaster ManagementChar antsFi Re&No. 51C

Pr hal Dr. Sa osh kumar Rajesh Kumar Singh

M.Pro ct Director) (Project Coordinator)

Place: New DelhiDate: 06/03/2017