|
Ministry of Health and Family Welfare
Credit Sale and advances by CPSUs
Posted On:
29 MAR 2017 3:04PM by PIB Delhi
As per information available from the Central Public Sector Enterprises (CPSEs), the CPSE-wise details of long term trade receivables for the last three years is given at Annex.
As per Comptroller & Auditor General of India (C & AG) Reports laid in the Parliament in the respective years, the following instances of deviation from norms for credit sale / advances were noticed and reported in the Reports of C & AG of India for the last three years.
|
Sl. No.
|
Report No. & Year
|
Para No.
|
CPSE
|
Audit Observation
|
|
1.
|
15 of 2016 (Vol. II)
|
1.1
|
Bharat Petroleum Corporation Ltd.
|
Extension of credit facility to a defaulter company without security
|
|
2.
|
15 of 2016 (Vol. II)
|
5.2 Sub-Para 5.2.2.7(a)
|
Steel Authority of India Ltd.
|
Undue extension of credit period
|
|
3.
|
21 of 2015 (Vol.I)
|
2.3
|
Airports Authority of India
|
Loss due to failure in taking timely action as per approved credit policy
|
|
4.
|
21 of 2015 (Vol.I)
|
2.7 Sub-para 2.7.4.3
|
Air India Ltd.
|
Non-adherence to credit policy led to accumulation of outstanding dues.
|
The information of details of customers which got blacklisted by the CPSUs due to not paying back the credit amount is not maintained centrally.
Annex
|
Long term trade receivable for the last 3 years
|
| |
|
Rs. In lakh
|
| |
|
Long Term Trade Receivable
|
|
Sl. No.
|
Name of CPSE
|
2013-14
|
2014-15
|
2015-16
|
|
1
|
AIR INDIA LTD.
|
192
|
221
|
474
|
|
2
|
ANDREW YULE & COMPANY LTD.
|
-
|
-
|
236
|
|
3
|
BHARAT HEAVY ELECTRICALS LTD.
|
11,88,107
|
11,41,382
|
11,17,407
|
|
4
|
BHARAT WAGON & ENGG. CO. LTD.
|
281
|
224
|
284
|
|
5
|
BHEL ELECTRICAL MACHINES LTD.
|
-
|
63
|
95
|
|
6
|
BRAITHWAITE BURN & JESSOP CONSTRUCTION COMPANY LTD.
|
-
|
-
|
39
|
|
7
|
BRITISH INDIA CORPORATION LTD.
|
200
|
204
|
980
|
|
8
|
BROADCAST ENGG. CONSULTANTS INDIA LTD.
|
4,286
|
3,783
|
-
|
|
9
|
CENTRAL ELECTRONICS LTD.
|
1,110
|
265
|
1,097
|
|
10
|
CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD.
|
2
|
-
|
-
|
|
11
|
COCHIN SHIPYARD LTD.
|
4,447
|
3,075
|
2,897
|
|
12
|
ELECTRONICS CORPN. OF INDIA LTD.
|
2,418
|
11,811
|
8,318
|
|
13
|
ENGINEERING PROJECTS (INDIA) LTD.
|
4,880
|
5,339
|
6,429
|
|
14
|
GAIL (INDIA) LTD.
|
71,841
|
2,40,995
|
1,11,555
|
|
15
|
GARDEN REACH SHIPBUILDERS & ENGINEERS LTD.
|
603
|
669
|
203
|
|
16
|
GOA SHIPYARD LTD.
|
-
|
129
|
-
|
|
17
|
HANDICRAFTS & HANDLOOM EXPORTS CORP. OF INDIA LTD.
|
-
|
1,004
|
-
|
|
18
|
HEAVY ENGINEERING CORPN. LTD.
|
10,078
|
12,847
|
17,223
|
|
19
|
HINDUSTAN AERONAUTICS LTD.
|
3,299
|
1,554
|
-
|
|
20
|
HINDUSTAN CABLES LTD.
|
2,440
|
-
|
-
|
|
21
|
HINDUSTAN FERTILIZER CORPN. LTD.
|
209
|
198
|
118
|
|
22
|
HINDUSTAN PREFAB LTD.
|
176
|
197
|
-
|
|
23
|
HINDUSTAN SHIPYARD LTD.
|
669
|
670
|
669
|
|
24
|
HINDUSTAN STEELWORKS COSTN. LTD.
|
-
|
9,081
|
8,142
|
|
25
|
HOOGHLY DOCK AND PORT ENGINEERS LTD.
|
130
|
130
|
246
|
|
26
|
HOTEL CORPN. OF INDIA LTD.
|
-
|
1,416
|
1,551
|
|
27
|
I T I LTD.
|
20,811
|
37,791
|
1,05,087
|
|
28
|
IDPL (TAMILNADU) LTD.
|
98
|
98
|
-
|
|
29
|
INDIA TOURISM DEV. CORPN. LTD.
|
96
|
62
|
88
|
|
30
|
INDIAN RAILWAY CATERING AND TOURISM CORPN. LTD.
|
12,341
|
10,106
|
8,937
|
|
31
|
INDIAN RAILWAY FINANCE CORPORATION LTD.
|
-
|
-
|
9,413
|
|
32
|
IRCON INTERNATIONAL LTD.
|
-
|
5,010
|
281
|
|
33
|
M M T C LTD.
|
146
|
83
|
310
|
|
34
|
MAZAGON DOCK SHIPBUILDERS LTD.
|
5,821
|
5,736
|
5,162
|
|
35
|
MECON LTD.
|
4,463
|
5,895
|
7,385
|
|
36
|
MINERAL EXPLORATION CORPN. LTD.
|
339
|
296
|
634
|
|
37
|
NATIONAL FILM DEV. CORPN. LTD.
|
1,346
|
-
|
-
|
|
38
|
NATIONAL INFORMATICS CENTRE SERVICES INCORPORATED
|
7,358
|
7,971
|
8,796
|
|
39
|
NATIONAL MINORITIES DEVP. & FINANCE CORPORATION
|
151
|
-
|
-
|
|
40
|
NATIONAL PROJECTS CONSTRUCTION CORPN. LTD.
|
-
|
-
|
54,524
|
|
41
|
NATIONAL SAFAI KARAMCHARIS FINANCE & DEVPT. CORPN
|
754
|
-
|
-
|
|
42
|
NHDC LTD.
|
42,795
|
33,593
|
6,456
|
|
43
|
NORTH EASTERN HANDICRAFTS & HANDLOOM DEV.CORPN. LTD.
|
-
|
-
|
12
|
|
44
|
OIL & NATURAL GAS CORPORATION LTD.
|
8,636
|
12,400
|
12,945
|
|
45
|
ONGC VIDESH LTD.
|
-
|
-
|
7,09,364
|
|
46
|
P E C LTD.
|
-
|
-
|
105
|
|
47
|
RAILTEL CORPORATION INDIA LTD.
|
21,498
|
19,180
|
13,961
|
|
48
|
RAJASTHAN ELECTRONICS AND INSTRUMENTS LTD.
|
-
|
-
|
294
|
|
49
|
SAMBHAR SALTS LTD.
|
9
|
6
|
23
|
|
50
|
STATE TRADING CORPN. OF INDIA LTD.
|
1,04,688
|
1,08,599
|
1,06,696
|
|
51
|
STEEL AUTHORITY OF INDIA LTD.
|
2,191
|
3,039
|
3,734
|
|
52
|
TELECOMMUNICATIONS CONSULTANTS (INDIA) LTD.
|
1,398
|
855
|
2,003
|
|
53
|
TUNGABHADRA STEEL PRODUCTS LTD.
|
41
|
41
|
41
|
|
54
|
URANIUM CORPORATION OF INDIA LTD.
|
-
|
2,514
|
-
|
|
|
Total
|
15,30,348
|
16,88,532
|
23,34,214
|
This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Rajya Sabha today.
******
ST/IA
(Release ID: 1485967)
|