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REPORT ON LISTING, VERIFICATION & VALUATION OF FIXED ASSETS

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REPORT ON LISTING, VERIFICATION & VALUATION OF FIXED ASSETS Patna Municipal Corporation, PRDA & Patna Water Board

Table of Contents 1 Executive Summary Page 1

2 Chapter 1 Introduction Page 4

3 Chapter 2 Guidelines Followed Page 5

4 Chapter 3 Information & Sources Page 6

5 Chapter 4 Approach & Methodology Page 16

6 Chapter 5 Result of Valuation Page 30

7 Chapter 6 Limitations Page 36

8 Chapter 7 Disclaimer Page 37


1

EXECUTIVE SUMMARY 1. Accounting Valuation of Fixed Assets is one of the most critical elements in

the conversion and migration process from Cash-based Single Entry Accounting System to Accrual Based Double Entry Accounting System (DEAS) for any organisation. While converting the Cash Based system into Accrual Based DEAS, prime importance is given on recording of all Fixed Assets of an ULB in the Balance Sheet and carrying their value as per Accounting Valuation Methodologies.

2. The Terms of Reference of our assignment at Patna Municipal Corporation included, inter alia, the following:

a. Identification & Listing of Fixed Assets, Physical Verification and Valuation thereof

b. Preparation of Fixed Asset Register

3. The Valuation Team comprised Valuers, Chartered Accountants and eminent Engineers having considerable experience and exposure, together with Survey Team having wide experience in Identification and Survey of various Assets.

4. The Assets identified through documents, records and other sources and procedures were physically verified, to the extent possible, by a Survey team and valuation has been done as per the guidelines and norms prescribed in Bihar Municipal Accounting Manual (BMAM), issued by Ministry of UD&HD, Govt. of Bihar and the Model National Municipal Asset Valuation Methodology Manual (MNMAVMM), issued by MoUD, Govt. of India together with relevant Accounting Standards and other guidelines issued by the Institute of Chartered Accountants of India.

5. Listing of Fixed Assets is the most important part in this type of Assignments, which, due to non availability of adequate/proper records and active coordination and participation by PMC, became extremely challenging in present case. However, the best efforts of our team and continuous support from DFID-SPUR enabled us to compile the huge list of Fixed Assets, a snapshot of which is given below.


2

Asset Type

Particulars Nos.

Land Vacant Land 193

Land On Which Residential / Office / Commercial Buildings Constructed

122

Land On Which Miscellaneous Social Infrastructure Constructed

259

Land utilised for basic infrastructure including road & drain

2404

Buildings Office & Commercial Buildings 28

Markets, Stall etc 825

Civil Infrastructure (Drainage Pump Houses) 8

Social Infrastructure 162

Residential Buildings 22

Infrastructure Assets

Roads & Bridges 2303

Drainage - Drains, Nalas etc 1981

Drainage - Plant & machinery 13

Water Supply- P & M (Motors & Tubewells) 75

Water Supply - Overhead Reservoirs 23

Water Supply-Distribution Network 750 KM

Plant & Machinery 3

Vehicles 111

Furniture & Fixture 2967

Office Equipment 126


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6. The total value of above identified Fixed Assets (Accounting Valuation) as on 01 April, 2007 aggregates to Rs. 107,99,83,932/- as detailed below:


4

Chapter 1 INTRODUCTION

To provide assistance to itself in the implementation of

reform activities in Bihar, the Government of Bihar entered

into a six year partnership with the Department for

International Development (DFID) Govt. of UK under Support

Programme for Urban Reforms (SPUR). As a part of the above, the Patna Municipal Corporation (PMC)

decided to migrate to Accrual Based Double Entry Accounting System (DEAS) w.e.f. 1st

April 2007, under supervision and guidance of SPUR. Accordingly, through a thorough

Tendering Process, Srei Infrastructure Finance Ltd. has been selected as Consultant vide

Contract no. : SPUR-TAST/2010-08/07/036 dated 09-Aug-2010.

The Scope of Work as in the Terms of Reference of the Contract in

regard to Assets, inter alia, included:

Survey & Identification of Assets Valuation of Assets Preparation of updated Fixed Asset Register from above

Our Inception Report duly covered gaps/deficiencies in the existing system from the

perspective of computation of opening balances of Assets from the underlying books/

registers/details.

In this Report, we have detailed the methodology followed in identification, physical

verification, listing and valuation of Fixed Assets. We have applied the prescribed

methods as per Bihar Municipal Accounting Manual, Bihar Municipal Accounting

Rules and National Model on Municipal Asset Valuation. This valuation is for the

purpose of incorporation in the Opening Balance Sheet as on 1.4.2007 and

preparation of Fixed Assets Register. It may be well appreciated that as per Prudent

Principles, subsequent relevant information can and shall be adjusted in the Financial

Accounts of subsequent years.

This Report has been prepared by SREI in consultation with and after considering advice

from concerned officials of PMC and DFID-SPUR from time to time. The valued advice,


5

suggestions, opinion and feedback obtained from such Officials through regular

discussions, interactions and meetings have helped considerably in creating this Report.

Chapter 2 GUIDELINES FOLLOWED For the purpose of Identification, Listing and Valuation of Fixed Assets, we have

considered the following where applicable:

1. Bihar Municipal Accounting Manual (BMAM), issued by Ministry of UD&HD, Govt. Of Bihar;

2. Bihar Municipal Accounting Rules (BMAR), issued by Ministry of UD&HD, Govt.

Of Bihar;

3. Model National Municipal Asset Valuation Methodology Manual

(MNMAVMM) , issued by MoUD, Govt. Of India;

4. Accounting Standard 10: Fixed Assets, issued by the Institute of Chartered

Accountants of India;

5. Accounting Standard 6: Depreciation, issued by the Institute of Chartered

Accountants of India;

6. Accounting Standard 16: Borrowing Costs, issued by the Institute of

Chartered Accountants of India;

7. Accounting Standard 19: Accounting for Leases, issued by the Institute of


8. Accounting Standard 28: Impairment of Assets, issued by the Institute of


9. Accounting Standard on Local Bodies (ASLB 5):Property, Plant& Equipment

issued by the Institute of Chartered Accountants of India.


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Chapter 3 INFORMATION & SOURCES The Bihar Municipal Accounting Manual (BMAM) requires identification and

valuation of various types and categories of Fixed Assets for the purpose of

incorporation in the Opening Balance Sheet, classified as follows:-

1) Land

2) Buildings

3) Infrastructure Assets

a. Roads & Bridges

b. Sewerage and Drainage

c. Water Works

d. Public Lighting

4) Other Assets

a. Plant & Machinery

b. Vehicles

c. Furniture, Fixtures, Fittings and Electrical Equipment & Fittings

d. Office & Other Equipment

BASIC DETAILS MADE AVAILABLE

It is well appreciated that availability of relevant Information regarding ownership

and Records is absolutely essential for Identification and Physical Verification of

all these categories of Fixed Assets. Accordingly, we have applied our sincerest

efforts to retrieve such relevant Information and Records. In the absence of an

Asset Register, the following records/details have been made available to us that

remain relevant for Identification & Listing of Fixed Assets:

Books of Account on Cash Basis for 2006-07 (unsigned); Some Property Registers containing some details of the erstwhile 32

Wards of PMC containing parcels of Land utilised for some purpose;

List of Vacant Land PMC & PRDA (unsigned) List of Flats/Buildings of PRDA (unsigned) Layout Plan of some Buildings/Flats List of Ghats, Parks, Community Halls, etc. (unsigned)


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List of Water Pumps (unsigned) List of Vehicles

The above are neither signed by any Official of PMC, PRDA or PWB nor any

documentary evidence is available to ensure that their ownership rests with

these entities. However, in our process we have assumed that the above assets

are owned by the PMC, PRDA or PWB as the case may be, and have moved

ahead with the process of Physical Verification, Listing and Valuation where

applicable.

Land [Includes land either vacant or being used for other purposes]

i. Patna Municipal Corporation (PMC)

Land Register has not been maintained by PMC. However an unsigned list of

Land parcels has been provided by PMC which includes Vacant or deemed-

to-be vacant land. The list states Plot nos. and tentative location.

Documents relating to establishment of ownership and / or current status

of any such land parcels are not available. Relevant ward-wise / area /

survey maps have also not been made available to us for identification of

such Land.

Land details have been collated from the various lists of immovable and

infrastructure assets which have been constructed and developed on all

land owned or deemed to be owned by PMC, through physical survey and

measurement, wherever the Land parcels could be shown to us. The details

have been stated in Table 1 below.

We also scrutinised the Property Registers of erstwhile Wards 1 to 32 and

collated details of Parti Kadim and other Land parcels as recorded there as

per Khatian. As these records are very old and as it is envisaged that status

of such properties have changed now, we submitted the detailed list to PMC

for their verification confirmation of present status. Though we have not

considered these details for the purpose of listing, we however have

provided the details separately. We have considered only Land parcels,

list of which has been provided to us by PMC.


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ii. Patna Regional Development Authority (PRDA)

Summary details of Vacant land parcels / plots and assets constructed on

land belonging to PRDA (through succession from erstwhile Patna

Improvement Trust or from other Govt. Bodies) have been made available.

However, legal documents of ownership by PRDA or vesting of such land on

transfer from the Government of Bihar, have not been made available.

Land details have been collated by us from the various lists of assets

constructed on land made available to us, as detailed in Table 1 below and

physical survey and measurement conducted by Surveyors, wherever such

Land parcels could be shown to us.

iii. Patna Water Board (PWB)

Details of land owned by Patna Water Board, as detailed in Table 1 below,

have been collated from discussions with PWB officials followed by physical

survey and measurement. However, no maps or documents establishing

ownership could be made available to us.

Table - 1

List of basic documents and their source

Type of Land categorised on basis of usage

PMC PRDA Patna Water Board

1 Vacant Land List of Vacant Land with Area, Plot No. provided by Surveyor, PMC

Summary details of vacant land parcels provided by PRDA and data / information available from Annual Accounts

Land details incorporated from list of Pump Houses maintained by Patna Water Board.

2 Land on which Commercial properties have been constructed

Land details obtained from List of Constructed Property including PMC Office Buildings, Municipal and other Markets & Commercial Complexes, Kiosks etc. provided by PMC.

List of constructed on property leased out and land appurtenant thereto provided by PRDA.

List of Land on which Patna Water Board Office is situated.

3 Land, on which Flats / Residential Buildings have been constructed by PMC / PRDA / Patna Water Board

i. List of land parcels leased out for Construction of Residential Buildings.

ii. Details of land also collated from the list of Residential Buildings for various income groups,


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Type of Land categorised on basis of usage


including EWS obtained from PRDA.

iii. Details also collated from Accounting Records and layout Plans obtained from PRDA for various site locations.

4 Land utilised as

Parks / Playgrounds / Auditorium / Community Halls / Crematorium / Community Toilets etc.

Land details sourced from the lists of Parks & Playgrounds, Auditorium, Community Halls, Crematorium and Community Toilets made available by PMC.

5 Land utilised for basic Infrastructure

i. Property Registers listing Land used for Basic Infrastructure for erstwhile 32 Wards of PMC.

ii. List of Roads, Drains, Bus Stand / terminus provided by PMC and collated from various sources.

iii. List of Ponds & Ghats obtained from PMC

iv. Geo-physical satellite image maps, obtained from Remote Sensing Application Centre.

List of Water Supply Pump Houses obtained from PWB. Physical Survey carried out for identification, measurement and valuation of land, on which such infrastructure has been constructed

Note: Wherever shown to us, physical survey has been carried out for identification, measurement and recording status of Land.


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BUILDINGS & CIVIL STRUCTURES

Buildings and Civil Structures have been classified as follows, based on their

category and usage and information made available by PMC /PRDA /PWB:

i. Office Buildings - comprising all Office Buildings of PMC /PRDA /PWB

ii. Commercial

Buildings

- covers all commercial buildings, Markets & Commercial

complexes, Stalls, Kiosks etc.

iii. Residential

Buildings

- includes all Residential Buildings & Flats constructed by

PMC /PRDA

iv. Buildings used as

Social

Infrastructure

- includes Pump Houses, Parks & Playgrounds,

Auditorium, Community Halls, Crematorium,

Community Toilet etc.

The details of Buildings and related civil structures which have been constructed

and developed on all land owned or deemed to be owned by PMC / PRDA / PWB

as the case may be have been collated from the various Lists of immovable and

infrastructure assets, Layout Maps etc., and confirmed through physical survey

and measurement, wherever required and feasible. The details have been stated in

Table 2 below.

Table 2


Type of Buildings classified on basis of their category & usage


1 Office Buildings List of Assets made available for Constructed Property including PMC Office Buildings.

i. List of assets constructed on PRDA land and used as Office Building.

ii. Details and information available from financial statements

iii. Layout Plans obtained from PRDA for various site locations.

List of Land on which Patna Water Board Office is situated.


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Type of Buildings classified on basis of their category & usage


2 Commercial Buildings

List of Constructed Property including Municipal and other Markets & Commercial complexes, Kiosks etc. provided by PMC

i. List of assets constructed on PRDA land for commercial purpose and leased / rented out

ii. Details also collated from accounting records for past years.


3 Residential Buildings

List of Staff quarters etc

i. List of Residential Buildings for various income groups including EWS obtained from PRDA.

ii. Details also collated from accounting records for past years


4 Buildings used as Social Infrastructure

Details of constructed assets extracted from lists of Parks & Playgrounds, Auditorium, Community Halls, Crematorium and Community Toilet obtained from PMC.

List of Pump Houses maintained by Patna Water Board.

Physical survey carried out for identification and measurement of buildings and constructed properties, wherever possible. Land utilised for such Constructed Assets have been taken to the List of Land


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INFRASTRUCTURE ASSETS

Roads & Bridges

Details regarding Roads & Bridges have not been made available. Our Survey

team made detailed Survey (through measurement Tape and other methods) of all

Roads/Lanes/By-Lanes in all 72 Wards of PMC area. We, through indirect

evidences and feedbacks, presumed that these roads have been constructed by

PMC. We also presumed that, as generally happens in ULBs all over India, the

Major Roads have not constructed by PMC.

Land utilised for such Infrastructure Assets have been taken to the List of Land

Drainage

List of Drains have not been made available. Our Survey team made detailed

Survey (through measurement Tape and other methods) of all Roadside Drains in

all 72 Wards of PMC area. We, through indirect evidences and feedbacks,

presumed that these Drains have been constructed by PMC.

Also, Certain details of Large / Big Drains & Medium Drains were collected from

the City Development Plan and some MAPs downloaded from internet. Our Survey

team made physical surveys of all such drains presuming that these have been

constructed by PMC.

We also scrutinised the Property Registers of erstwhile Wards 1 to 32 and collated

some details of small drains (nala & nali). However we did not consider these

details for this purpose as list of Drains have been prepared afresh on the basis of

Survey conducted by us.

Land utilised for such Infrastructure Assets have been taken to the List of Land

Public Lighting

As informed to us, Public Lightings are not the property of PMC/PRDA.

Accordingly, these have not been considered for the purposes of Listing.

Water Works

Certain details of Water Pumps, OHRs and Pump Houses relating to Water Works

have been made available. Physical survey was conducted and the Assets were


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valued in accordance with the BMAM guidelines as detailed in Chapter 4 above.

However, details regarding Water Supply Network could not be made available.

Accordingly, after discussion with DFID-SPUR representatives, the length given in

the City Development Plan has been considered and reasonable Engineering

Estimation was applied for valuation of Water Supply Network.

PLANT & MACHINERY

We have not been provided with any list of such assets falling under the category

of Plant & Machinery including Machines used by PMC for maintenance of civic

amenities.

However for the purposes of Valuation, we had physically surveyed Electric

Crematoriums run by PMC and identified the Electrical Plant & Machinery used

thereat.

VEHICLES

We had been provided with list of vehicles owned / in use by PMC / PRDA / PWB

of both light and heavy weight category. However, in most cases, the details

relating to make, model, date of purchase, vehicle Registration number,

Registration Certificate and the purchase prices were not available and ownership

/ title of such vehicles could not be established.

FURNITURE, FIXTURE, OFFICE EQUIPMENT

We have not been provided with any list of the items covered under the category

of Furniture, Fixture, Office Equipment and Electric Installations by

PMC/PRDA/PWB. Our team has conducted complete physical verification

procedure to list all items suitably for all accessible units and locations under

PMC / PRDA / PWB.. After completion of the physical verification all such items

have been Tagged with proper Asset Identification Codes generated as per the

norms spelt out in this regard in the BMAM.


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ALTERNATIVE SOURCES OF DATA

From the perspective of the probable category of Fixed Assets an Urban Local

Body may own, relevant details of the following important categories of Fixed

Assets have not been made available to us at all:

Roads Water Supply Network Drainage Plant & Equipment Furniture, Fixture, Office Equipment

After series of meetings with PMC, PRDA & PWB officials it was noted that

relevant records of these assets may not be at all available.

In order to collate all relevant data and information on physical assets of these

entities to arrive at the methodology for identifying and listing of these assets,

series of discussions were held with DFID-SPUR for inclusion of relevant extracts,

data and information available from documents like DPRs, CDPs, Maps etc.,

already prepared for PMC, PRDA & PWB by other Consultancy organisations or

agencies.

Usage of such information for Identification & subsequent Valuation of Fixed

Assets for the limited purpose of preparation of the Opening Balance Sheet has

been in consultation with DFID-SPUR and in conformity with their opinion in this

regard.

In these cases, our team has made close assessment of the situation in hand and

tried following alternative sources of data/information, as detailed in Table 3

below, which can indirectly establish the existence & ownership of such assets

with PMC, PRDA & PWB and at least some specification are ensured for valuation

thereof:

Table 3


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Fixed Assets Alternative sources tried examined Remarks

Roads - Satellite MAP from Remote Sensing Application Centre

Road Construction Department City Development Plan of Patna Various MAPs of Patna Complete Physical Survey

Relevant details were not

available regarding ownership

Water Supply

Network

Extracts of Detailed Project Report prepared by other Consultancy

organisations,

City Development Plan of Patna

Relevant details in totality are

not available. Ownership un-

established.

Drainage

Network

Satellite MAP from Remote Sensing Application Centre

List of Land used for basic infrastructure for erstwhile 32 Wards

of PMC.

Various Brochures, Reports downloaded from Internet Newspaper Cuttings City Development Plan of Patna Complete Physical Survey

Some relevant details were

available, like names of big

drains, etc.

Plant &

Equipments

Physical Survey and Listing No data regarding Plant &

Equipment were made available.

Ownership remained un-

clarified and un-established.

Furniture,

Fixture, Office

Equipments

Direct Physical Survey and Listing Relevant details not available.

Ownership un-established.


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Chapter 4 APPROACH & METHODOLOGY The assignment requires Identification, Physical

Verification, determination of Ownership and Valuation of

Fixed Assets. The whole process is dependent upon the

availability of necessary details in this regard. Our thrust

was primarily on obtaining and /or retrieving such details from various sources.

On the basis of details /data available, we first segregated relevant and irrelevant

details and thereafter, documented the relevant details suitably to facilitate and

enable physical verification. The value of assets, based on such available

information and observations during physical survey, has been brought into the

Books of Accounts.

We understand that the basic premise for Municipal Fixed Asset Valuation is

Accounting Valuation (and not Market based Valuation) to arrive at a reasonable

value (which will be treated as a True & Fair View of the State of Affairs of the ULB)

and not a correct value. The National Valuation Model also suggests that it is

important to list the assets properly and bring it into the books even at a token

value of Re. 1. (Para 101 of the Model National Municipal Asset Valuation

Methodology Manual, issued by MoUD, Govt. of India)

Our overall approach for the purposes of Valuation of Fixed Assets for

incorporation in the Opening Balance Sheet is as follows:

Identification of Assets using various sources of data and compilation in the Forms incorporated in BMAM, mutatis mutandis;

Verification of Assets Verification on sample basis to ensure that neither any Asset owned by the ULB is missed out nor the Assets which

do not belong to the ULB are recorded erroneously;

Identification of Assets that require Valuation Identification of the Assets which need to be valued in accordance with the prescribed

procedures and have balance useful life;


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Valuation of Assets This requires determination of appropriate Book Value (using methods as per BMAM, National Model Methodology for

Valuation of Municipal Fixed Assets, Guidelines issued by The Institute

of Chartered Accountants of India and other norms as given in Chapter

2 above) for incorporation in the Opening Balance Sheet; Following

principles have been followed:

The identified assets of the ULB may have been gifted to it or

purchased/ constructed by it over the years. The valuation process has

been carried out for assets as on 1st April 2007, i.e. the date of Opening

Balance Sheet.

The process of valuation prescribed by the National Valuation Model is

given below. We have considered the said model wherever possible. Our

methodology for each Fixed Asset Head has been given in subsequent

paragraphs.

If the asset was received as gift or transfer: Value at Re 1.

If the asset was purchased / constructed: a) If both the cost and date of purchase/ construction is available /

ascertainable: Original cost less depreciation provided from the

date of purchase / construction to the date of valuation.

b) If cost is not available /unascertainable but the date or year of

construction/ purchase is ascertainable:

i. In case of land where the original documents are not

available, valuation can be ascertained from relevant

records of the Land Revenue Department or transaction

value of a similar plot in the similar area around the

estimated year of transaction.

ii. If the asset has outlived its estimated useful life, then it will

be valued at Re. 1.

iii. If the asset has not outlived its useful life, then Valuation

has been done based on the Current Standard Cost (CSC)

rates prescribed in National Valuation Model.


18

c) In order to reflect the cost of the asset in the year in which it was

purchased / constructed, the CSC have been adjusted by an

appropriate inflation index (given in National Valuation Model) to

arrive at the Deflated Standard Cost (DSC) of the asset.

d) Thereafter, the value has been depreciated based on the

recommended rate of depreciation in order to arrive at the

Estimated Book Value of the asset, which will be carried to the

Opening Balance Sheet as Gross Block.

e) If neither the cost nor the date of purchase/ construction is

available:

i. If the asset is beyond its estimated useful life, valued at Re.

1

ii. If the asset is within its useful life, reasonable estimation

has been made of its year of purchase / construction and

the procedures prescribed in case of (ii) above have been

applied i.e. its estimated CSC, DSC and Current Book Value

has been arrived at using the standard rates and the

deflation indices.

We have not applied the CSC / DSC method for Vehicles, Furniture & Fixture and

Office Equipment for purposes of Valuation. Moreover, assets with costs below

Rs. 5,000/- have been treated as Assets Not Requiring Valuation (ANRV) and

have been listed in the Asset Schedule and taken into the Books of Accounts at a

nominal value of Re.1/- for purposes of identification only.

Identification process

1. Land

i. Patna Municipal Corporation (PMC)

Identification of vacant land and assets constructed on such land, has been

a formidable challenge in the process of Identification and Valuation of

Assets of PMC. Proper detailed Land Registers, updated Survey Maps and


19

Title Deeds and related legal documents, confirming ownership of land by

PMC were not available.

With a view to arrive at a Methodology for Identification of such assets, the

approach adopted by us, inter alia, included:

a) Discussion with PMC/PRDA/WB Officials regarding status of Land

and availability of relevant information, records and documents

together with interaction of concerned PMC personnel, knowledgeable

in such matters.

b) Issue of Requisition requests for making available Land Registers, list

of Land and Assets constructed on such land, Survey Maps and

Sketches, Maps and Ward Maps etc., together with details of all

Immovable and Infrastructure Assets built and constructed on land

owned, vested in and deemed to be owned by PMC.

c) Collection of relevant details and documents as per requisition made

above.

d) Scrutiny and analysis of such information and data its relevance, for

the purposes of identification of Land for determination of its value.

e) Discussion with Officials at various levels for clarification and

explanations and fresh requisition for follow-up and for further or

pending details, documents and records.

f) Coordinating with the PMC Officials deputed to be a part of our

Survey Team for conducting joint physical identification of the

properties.

g) Assessment of all information and data to the maximum extent

available and collating information from :

i. Various Property Registers obtained from PMC;

ii. List of Land used for Basic Infrastructure for erstwhile 32

Wards of PMC and gathering details from Khatian;

iii. Scrutiny of old Survey Maps to identify parcels of land;

iv. Study of various Project and other Reports for identifying land

associated with Infrastructure Assets;

v. Details of Land associated with all Immovable Assets including

Infrastructure Assets.


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h) Application of alternative procedures for purposes of identification

as detailed in Chapter 3 above. However, in some cases, no

information is available with PMC regarding existence of some

parcels of Land and Assets constructed thereon, even in such cases

where third party information (like News Paper Articles) indicates

existence of such Land Parcel. We are unable to consider such Land

parcels in the List of Assets.

i) Scrutiny and Review of such Collated Data and discussion with PMC

Officials to ascertain the methodology of carrying out Physical Survey

for identification of Land.

j) Physical Survey (wherever possible) for

i. Identification of Land and its Utilisation thereof;

ii. Identification of Land Boundaries;

iii. Assessing Status of encroachment on land, if any, and

iv. Physical Measurement where possible

ii. Patna Regional Development Authority (PRDA)

As in PMC, the process of identification of Vacant Land and Assets

Constructed on Land has also been extremely challenging, during Valuation

of assets of PRDA.

The documents provided by PRDA comprised summary details of Vacant

Land parcels, List of Assets constructed on Land and details of Land

collated from the List of Residential Buildings constructed for various

income groups, including EWS together with Layout Maps of PRDA, for

various site locations.

However, collating relevant data proved to be equally challenging, as details

extracted from Financial Statements of PRDA differed significantly in many

cases, from details obtained as above. More so, in some cases, no

information is available with PRDA regarding existence of some parcels

of Land and Assets constructed thereon, even in such cases where third

party information (like News Paper Articles) indicates existence of such


21

Land Parcel. We are unable to consider such Land parcels in the List of

Assets.

In order to arrive at a Methodology for identification of such Assets, all

available options were reviewed and the most feasible approach was

adopted over the assignment period which also included:

a) Discussion with PRDA officials regarding status of Land and

availability of relevant information, records and documents together

with support and participation of concerned PRDA personnel

b) Issue of Requisition requests for procurement of Land Registers, list

of Land and Assets constructed on such Land, Survey Maps and

Sketches together with details of all Immovable and Infrastructure

Assets built and constructed on all Land owned, vested in and

deemed to be owned by PRDA.


above.

d) Scrutiny and analysis of such information and its relevance for the

purpose of identification of land for valuation exercise.

e) Discussion with PRDA officials at various levels for clarification and

explanations and fresh issuance of fresh requisition for further or

pending details, documents and records.

f) Coordinating with the PRDA Officials, including PRDA Amins,

deputed to be a part of our Survey Team for physical identification of

the properties.



i. List of Vacant and Other Land

ii. Information regarding Fixed Asset (including Land and other

Assets ) from Financial Statements

iii. Layout Maps of some Buildings constructed on PRDA Land

iv. Details of Land utilised for all Immovable Assets, including

Infrastructure Assets

h) Application of alternative procedures for identification as detailed in

Chapter 3 above.


22

i) Scrutiny and review of such collated data and discussion with PRDA

Officials, to ascertain the methodology of conducting physical survey,

for identification of Land.

j) Physical Survey exercise (wherever possible) for

i. identification of land and utilisation thereof;

ii. identification of land boundaries;

iii. assessing status of encroachment on land, if any;

iv. physical measurement

iii. Patna Water Board (PWB)

Whereas details of Land owned by Patna Water Board was not made

available, some details were available regarding Land on which Pump

Houses of PWB has been constructed, together with Office Buildings of PWB

owned by it. Like PMC, the process of identification of vacant land and

assets constructed on Land has also been considerably challenging, during

Valuation of Assets of PWB. The documents obtained from PWB comprised

summary details of Pump Houses and Land appurtenant thereto and details

of Office Building of PWB. However legal documents establishing ownership

of such land was not made available.

In order to arrive at a Methodology for identification of such Land, a similar

multi-pronged targeted approach was adopted by us over the assignment

period through:

a) Discussion with WB officials regarding status of Land and availability

of relevant information, records and documents together with

soliciting support and participation of concerned WB personnel

knowledgeable in such matters.

b) Issue of Requisition requests for procurement of Land Registers, list

of Land and Pump Houses constructed on land, maps and sketches

together with details of all immovable and infrastructure assets built

and constructed on all land owned, vested in and deemed to be

owned by the Patna Water Board.


above.


23


purpose of identification of land for valuation exercise.

e) Discussion with WB officials at various levels for clarification and

explanations and fresh requisition for further or pending details,

documents and records.

f) Coordinating with the WB officials deputed to be a part of our Survey

team for physical identification of the properties.


available and collating information from the List of land and

immovable / infrastructure assets constructed thereon.

h) Application of alternative procedures of identification as detailed in

Chapter 3 above.

i) Scrutiny and review of such collated data from all sources and

procedures and discussion with Patna Water Board officials to

ascertain method of carrying our physical survey for identification of

land.

j) Physical survey exercise (wherever possible) for

i. identification of land and utilisation thereof

ii. identification of land boundaries

iii. assessing status of encroachment on land if any

iv. estimated physical measurement

Basis of Valuation This being an Accounting Valuation, Land has been valued as per the norms

of valuation spelt out both in the BMAM and MNMAVMM.

All the above land and land parcels are in possession of PMC, PRDA & Patna

Water Board as applicable, on account of transfer from the Government of

Bihar and / or vesting in such land by the relevant entity, though ownership

of such land could not be established through legal documents.

a) Accordingly, value of each such Land and Land parcels have been taken

at Re. 1/- . as per MNMAVMM for both PMC & PWB

b) Value of Land and land parcels for PRDA, where available, has been

taken from the Financial Statements of PRDA


24

2. BUILDINGS

Identification process In order to identify, list and physically verify Buildings & related Civil

Structures constructed by PMC /PRDA /PWB, as the case may be, we had

carried out the following exercise in sequence:

i. Compilation of List

ii. Physical Survey

iii. Measurement

iv. Assessment of Conditions

v. Compilation of Survey Sheet

Details for compilation of list of buildings for the purpose of identification

and verification were collated from the List of basic documents as

elaborated in Table 2 above.

Identification of such buildings was made by our Survey personnel directly

through location visits and also with the help of PMC officials, who

accompanied our Survey Team only in some cases.

In order to arrive at a Methodology for identification of such Assets, a

similar multi-pronged targeted approach, as adopted for identification of

Land, was adopted by us for identification of Buildings also, over the

assignment period through:

a) Discussion with PMC / PRDA / PWB officials regarding location of

such constructed property and availability of relevant information,

records and documents together with soliciting support and

participation of concerned officials and personnel knowledgeable in

such matters.

b) Issue of Requisition requests for procurement of Lists of Buildings

and related Civil structures, Layout and other maps and sketches,


25

Lease Agreements and Transfer deeds together with details of all

immovable and infrastructure assets built and constructed on all land

owned, vested in and deemed to be owned by PMC /PRDA /PWB as

the case may be.


above.


purpose of identification of buildings for valuation exercise.

e) Study of Layout Maps of Buildings constructed by PRDA as provided

by the Survey, Drawing & Designing department of PRDA.

f) Discussion with officials at various levels for clarification and

explanations and fresh requisition for further or pending details,

documents and records.

g) Coordinating with the officials including PRDA Amins deputed to be a

part of our Survey team for physical identification of the constructed

properties.

h) Assessment of all information and data to the maximum extent


i. List of Other constructed assets

ii. Information regarding Fixed asset from Annual Accounts

iii. Details of land associated with all immovable assets including

infrastructure assets

i) Application of alternative procedures of identification as detailed in

Chapter 3 above.

j) Scrutiny and review of such collated data and discussion with PMC /

PRDA /PWB officials to ascertain method of carrying our physical

survey for identification of such Buildings and related Civil

constructions.

k) Physical survey exercise (wherever possible) for

i. identification of Buildings

ii. assessing status / condition of the Building structure

iii. estimated physical measurement

Basis of Valuation


26

Except in cases where Cost/Depreciated value are available from Financial

Statements, all possible efforts have been made to value the Buildings and

Civil Structures as per Prudent procedures as mentioned in Chapter 4

above.

Flats constructed and leased out have been considered as assets owned by

the PMC/PRDA as the case may be.

Similarly, buildings and civil structures constructed by lessees on plots

leased out to them by PMC/PRDA, as the case may be, have not been

considered as assets owned by PMC/PRDA.

3. Infrastructure Assets

As per the Accounting Standard for Local Bodies (ASLB) 5: Property, Plant and

Equipment (Based on corresponding IPSAS 17) applicable also to Infrastructure

Assets, issued by the Institute of Chartered Accountants of India, while there is

no universally accepted definition of Infrastructure Assets, these assets usually

display some or all of the following characteristics:

(a) They are part of a system or network;

(b) They are specialised in nature and do not have alternative uses;

(c) They are immovable; and

(d) They may be subject to constraints on disposal.

Although ownership of infrastructure assets is not confined to Local Bodies,

significant infrastructure assets are frequently found in the Local Bodies.

Infrastructure assets meet the definition of property, plant and equipment.

Examples of infrastructure assets include road networks, sewer systems, water

and power supply systems and communication networks.

As per the BMAM and Model Municipal Asset Valuation Methodology Manual,

Infrastructure Assets are long-lived capital assets associated with governmental

activities that normally are stationary in nature and can be preserved for a

significantly greater number of years than most capital assets (e.g., roads,

bridges, tunnels, drainage systems, water and sewer systems, dams, and lighting


27

systems). Buildings are excluded from the definition of infrastructure assets

unless they are an ancillary part of a network of infrastructure.

Roads & Bridges

We have scrutinised and analysed all available details and possible sources of

data and information, including alternative sources as detailed earlier. We have

compiled list of Roads and necessary information. However, though it is possible

to use average age of Roads for the purpose of valuation, in the absence of proof

of utilisation of PMCs Fund in their construction, we thought it prudent to take

value of Rs.1 for each Road such identified.

The figures appearing in the Financial Statements of PRDA against narration

Bridges have been taken to be value of Bridges constructed by PRDA.

Public Lighting As informed to us, Public Lightings are not the property of PMC/PRDA.

Accordingly, these have not been considered in this valuation process.

Water Works

We have considered the length of water supply pipelines given in the City

Development Plan and have applied reasonable Engineering Estimate for valuation

of Water Supply Network. This has been done considering the water discharge

capacity (HP) of the water supply Pumps in operation and the engineering

estimates of pipeline networks required for supply of water from such pumps.

The rates of valuation of such water supply network pipelines have been as per

the norms of the Model Municipal Asset Valuation Methodology Manual.

The electrical and mechanical Plant & Machinery in such Pump houses have also

been valued on basis of the installed capacity of pumps (HP) and the depth of


28

bore-wells as per the guidelines of BMAM & the Model National Valuation

Methodology Manual.

Overhead Reservoirs have been valued taking into consideration their current

status and condition and the

Drainage Though no list of drains have been made available to us, we prepared list of

roadside and other Drains and incorporated in List of Assets. However, though it

is possible to use average age of Drains for the purpose of valuation, in the

absence of proof of utilisation of PMCs Fund in their construction, we thought it

prudent to take value of Rs.1 for each Road such identified.

4. Plant & Machinery

We have physically surveyed three Electric Crematoriums run by PMC and

identified the Electrical Plant & Machinery used thereat.

5. Vehicles

An exercise was undertaken to identify and list all vehicles for the purpose of

valuation to the extent possible, given that no records of ownership or any

relevant details of majority of these vehicles could be obtained from PMC, PRDA

or PWB.

In this regard, discussions were held with old employees of PMC /PRDA /PWB

including drivers etc. of vehicles to collect relevant information to the extent

feasible.

The value of such items have been taken at the best estimate of the years of such

assets in use together with the physical and operating conditions of such assets

in line with the norms in this regard spelt out in the National Municipal Asset

Valuation Methodology Manual.

6. Furniture, Fixture & Office Equipment


29

As stated earlier, we were not provided with any List of the items covered under

the asset category Furniture, Fixture, Office Equipment and Electric Installation by

PMC/PRDA/PWB. In order to identify and value such assets, our Survey Team has

carried out a complete physical verification exercise to list all items suitably for

all accessible units and locations under PMC / PRDA / PWB, grouping all items as

per the broad classifications in the BMAM.

The value of such items have been taken at the best estimate of the years of such

assets in use together with the physical and operating conditions of such assets

in line with the norms in this regard spelt out in the National Municipal Asset

Valuation Methodology Manual.

We have not applied the Current Standard Cost (CSC) / Deflated Standard Cost

(DSC) method for purposes of Valuation. Also, assets costing below Rs. 5,000/-

have been treated as Assets Not Requiring Valuation (ANRV) and have been

listed in the Asset Schedule and taken into the Books of Accounts at a nominal

value of Re.1/- for identification purpose only.

After completion of the physical verification all such items have been Tagged

with proper Asset Identification Codes generated as per the norms spelt out in

this regard in the BMAM.


30

Chapter 5 RESULTS OF VALUATION 1. LAND

The lists of Land and Land parcels that have been identified and valued for i. Patna Municipal Corporation

ii. Patna Regional Development Authority

iii. Patna Water Board

Value of Land The value of Land taken to the Opening Balance Sheet as on 1st April

2007 is summarised in Table 4 below.

Table 4

The value of land utilised for basic infrastructure includes that of land and

land parcels spread over 32 erstwhile Wards of PMC, details of which have

been compiled and collated from the nine (9) Property Registers made

available to us and digitised by us to the extent legible and comprehensible.

The summary of details extracted and compiled from such Register is given in

the Table 5 below:


31

Table 5

LAND DETAILS FROM PROPERTY REGISTERS (1-32 ERSTWHILE WARDS)

Type of land Area (sqm)

Aota 52.599 Baandh 35,480.071 Bagan 7,719.920 Bhit 18,401.570 Bota 517.898 Bridge 16.184 Chabutara 3,350.154 Chhawcha 4.046 Culvert 4.046 Data 36.415 Drain 235,269.126 Dukan 12.138 Faatak 8.092 Footpath 52.599 Fulwari 6,048.889 Gaddah 11,446.359 Ghat 465.299 Gosala 3,188.311 Kabarsthan 10,357.964 Khaal 813.262 Khanta 39,068.944 Kothi Main Hata 5,158.751 Kuwan 68.783 Latrine 942.737 Lon Gori 287.272 Maidan 4.046 Main Road 4,033.941 Makan Kama 7,541.892 Makan Khas 7,456.925 Makan Pokta 39,368.354 Makan Tuta 190.166 Misc 8,581.735 Mith 22,819.889 Mota Aal 6,769.091 Nahar 20,910.139 Parti kadim 107,976.510 Pool 76.876 Religious Place-Christian 4.046 Religious Place-Hindu 610.958 Religious Place-Jains 76.876 Religious Place-Muslim 5,959.875


32

LAND DETAILS FROM PROPERTY REGISTERS (1-32 ERSTWHILE WARDS)

Type of land Area (sqm)

Road & Gali 1,499,879.070 Sahan 19,186.550 Sanitary Toilet 1,116.718 School 17,693.506 Siri 12,474.091 Stake 521.944 Talab 5,057.599 Unknown 7,703.735 Use by Bam Police 1,213.824 Varandah 497.668 Wall 93.060 Wam Police 3,920.651 Water House 182.074

Grand Total(sqm) 2,180,693.236

2) BUILDINGS & CIVIL STRUCTURES

Buildings & civil structures have been valued as per methodology detailed earlier. The Lists of such assets are compiled for :

i. Patna Municipal Corporation

ii. Patna Regional Development Authority

iii. Patna Water Board

Value of Buildings and Civil Structures The value of such Buildings as taken in the Opening Balance Sheet as on 01-04-2007 is summarised in Table 6 below:

Table 6


33

3) INFRASTRUCTURE ASSETS

As elaborated earlier, Infrastructure Assets include Roads & Bridges, Sewerage,

Public Lighting, Water works and Drainage, the values of which are taken to the

OBS as on 01-04-2007 as described below:

Roads & Bridges and Sewerage Valuation of Roads comprising small lanes, by-lanes and culverts etc. as

available from the Property Registers covering the erstwhile PMC Wards 1

to 32 is summarised below:

No. or Small Roads & By-lanes : 2302

Total Length (km) : 877.36

Value considered at Re.1 for each such item : Rs. 2302/-

The figures appearing in the Financial Statements of PRDA have been taken

to be value of Bridges constructed by PRDA, being Rs. 2,77,236/-. No

specific Bridge(s) could be identified.

No listing and valuation of Sewerage network has been carried out.

Water Works The summary of Valuation of Water Works is given below in Table 7.

Table 7

Water Works Values (Rs.) as on 01-04-07

Pump House (Cost of Pumps & Tube wells)

3,79,75,946

Distribution Network 57,30,34,980

Overhead Reservoirs 10,00,022

Total 61,20,10,948


34

Drainage The value of Drains taken to the OBS as on 01-04-2007 is summarised

below:

No. of small drains (nala & nali) : 1,981

Total length (km) : 831.85

Value Taken @ Re. 1/- per item : Rs. 1,981/-

4) PLANT & MACHINERY

During identification of the plant and machinery in Electric Crematoriums run

and maintained by PMC, we observed that the Furnace and allied instruments and

other mechanical and electrical machinery have already lived their useful life. The

value of these assets have been taken at Re. 1/-, for each crematorium, as per

Model National Valuation Manual and the BMAM, in the Books of Accounts for the

purpose of preparing the Opening Balance Sheet as on 01-04-2007.

5) VEHICLES

Vehicles comprise both heavy and light weight vehicles as elaborated earlier and

the summary is as below in Table 8.

Table 8Value of Vehicles ( in Rs. )as on 01-04-07Vehicle Type PMC PRDA PWB Total (Rs) Light Weight 6,58,843 3,59,685 - 10,18,528Heavy Weight 1,16,810 - 3,63,837 4,80,647

Total 7,75,653 3,59,685 3,63,837 14,99,175


35

6) FURNITURE, FIXTURE, OFFICE EQUIPMENTS

The summary of Value of Furniture, Fixture & of Office Equipment & Electrical

Equipment and Fittings is given below in Table 9.

Table 9

Nos. Value (Rs.) Nos. Value (Rs.)PMC PCC 334 334 - -

BC 136 136 1 1KC 108 108 4 3001

NCC 354 354 9 9HO 697 697 49 13146

PRDA 1,147 42,140 54 4553PWB 191 191 9 9

2,967 43,960 126 20,719

Office EquipmentUnit Location

Furniture & Fixture


36

Chapter 6 LIMITATIONS IN PREPARATION OF VALUATION REPORT a. In cases where details of Fixed Assets have been made available, they were neither authenticated by the

Appropriate Authority nor has any proper documentary evidence been made available. Accordingly the ownership

could not be established. However, assets have been included on the basis of verbal confirmation from PMC

Officials at various levels and on the basis of third party information also. Therefore, we are unable to comment as

regards the ownership of such Fixed Assets.

b. In the absence of availability of Information/Record in various cases, alternative procedures were adapted for

Listing of Fixed Assets to the extent possible till date and arrive at a reasonable value to be included in the Opening

Balance Sheet as on 1st April 2007. Such valuation figure, as included in OBS as on 1st April 2007, will vary

substantially in case where required details are made available subsequently. In such cases, these will be adjusted

through appropriate Adjustment Entries in the Accounts of 2007-08, 2008-09, 2009-10 & 2010-11 as applicable and

within the tenure of our assignment period.

c. Identification and Listing of Fixed Assets have always remained a matter of major concern. Once the ongoing GIS

mapping activity is completed, accurate information regarding High Value Assets like Roads Network, etc may be

available. Till such details are available and in the absence of availability of other reasonable records in this

regard, possibilities of understatement/overstatement of quantum and value of Fixed Assets cannot be ruled out.

In the absence of information, proper identification of underground Infrastructure Assets if any can only be made

only through GIS Mapping.

d. In the absence of proper details, in many cases it was not possible to present complete details as prescribed in the

BMAM-prescribed formats. Also, wherever necessary, we have made certain modifications in some of the formats,

for better presentation.

e. Even after our sincerest effort, there might have been left out Assets. Some relevant third party information

indicated resting of ownership of some important Assets (like Land) with PMC. However, even after repeated

enquiry, no such details could be provided by PMC.

f. If there would have been active involvement / interest of PMC/PRDA/WB in this process, there was ample scope of

improvement of this Report within the project period.


37

Chapter 7 DISCLAIMER

1) This Report on Valuation of Fixed Assets has been prepared by the Advisory Division of M/s. Srei Infrastructure

Finance Limited,, the appointed Consultants. This is the first effort towards identifying, listing out and valuing the

Fixed Assets for Patna Municipal Corporation. The Consultants relied upon the details (signed or unsigned) provided

by the PMC/PRDA/Patna Water Board and details obtained through application of alternative procedures. The

quantum of Assets does not amount to any confirmation from the Consultants and is subject to vetting by Competent

Authority.

2) All the figures and comments in specific or general terms made in relation to this report are based on Documents,

Information and Explanations provided by the Officials of PMC / PRDA/Patna Water Board at various levels during the

course of engagement of team of M/s. Srei Infrastructure Finance Ltd. (SIFL). Verification of the correctness, origin,

comprehensiveness or veracity of comments or explanations in so far as they relate to this report is not the

responsibility of the Consulting team.

3) Although the Consulting team has made every effort to obtain information comprehensively for every Department of

the PMC/ PRDA/PWB and has also widely circulated the Teams requirements in this regard, it is possible that some

relevant information or documentation has not become available to the team. It is therefore specifically stated that

this Document is based upon and restricted to the set of documents, information, comments and explanations

provided by PMC/PRDA /PWB and therefore any such documents, information, comments and explanations not

provided to the Consulting team is excluded (except where alternative procedure could be adopted) and the Team has

no responsibility whatsoever in regard to the possible present or future effects of such documents, comments,

information and explanations on present document.

4) The Consulting Team is not responsible for any legal or other liability that may arise in any way at any point of time

from these Documents or any interpretation whatsoever that may be put on the whole or part of it. Likewise, the

Consulting Team is not responsible for any legal consequences arising out of non-compliance by the PMC /

PRDA/PWB of any of its statutory or other Governmental obligations that may become apparent now or any time in

the future, in whatsoever manner and in whatsoever ways.

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REGISTER OF FIXED ASSETS AS ON 1ST APRIL 2007 Patna Municipal Corporation, PRDA & Patna Water Board

INDEX

# ITEM / ASSET GROUP ASSET SUB-GROUP / TYPE UNIT FROM PAGE # TO PAGE # 1.0 ASSET CODING SYNTAX 2.0 LAND 2.1 VACANT PMC 1 4 2.2 LAND ON WHICH RESIDENTIAL / OFFICE / COMMERCIAL BUILDING CONSTRUCTED PMC 5 7 2.3 ROADS, STREETS & LANES & DRAINS BUILD ON LAND PMC 8 123 2.4 LAND ON WHICH MISCELLANEOUS SOCIAL INFRASTRUCTURE CONSTRUCTED PMC 124 133 2.5 VACANT PRDA 134 137 2.6 LAND ON WHICH RESIDENTIAL / OFFICE / COMMERCIAL BUILDING CONSTRUCTED PRDA 138 138 2.7 LAND ON WHICH MISCELLANEOUS SOCIAL INFRASTRUCTURE CONSTRUCTED PRDA 139 139 2.8 LAND ON WHICH OFFICE / COMMERCIAL BUILDING CONSTRUCTED PWB 140 140 2.9 LAND ON WHICH BASIC INFRASTRUCTURE SITUATED PWB 141 144 3.0 BUILDINGS 3.1 OFFICE & COMMERCIAL BUILDINGS PMC 145 145 3.2 MISCELLANEOUS CIVIL INFRASTRUCTURE BUILDINGS PMC 146 146 3.3 MISCELLANEOUS SOCIAL INFRASTRUCTURE BUILDINGS PMC 147 148 3.4 COMMERCIAL BUILDINGS MARKETS & RENTAL PROPERTIES PMC 149 186 3.5 OFFICE & COMMERCIAL BUILDINGS INCLUDING RENTAL PROPERTIES PRDA 187 214 3.6 RESIDENTIAL BUILDINGS PRDA 215 215 3.7 MISCELLANEOUS SOCIAL INFRASTRUCTURE BUILDINGS PRDA 216 216 3.8 OFFICE & COMMERCIAL BUILDINGS PWB 217 217 3.9 MISCELLANEOUS BASIC INFRASTRUCTURE BUILDINGS PWB 218 220 4.0 INFRASTRUCTURE ASSETS 4.1 ROADS, STREETS & LANES PMC 221 292 4.2 BRIDGES PRDA 293 293 4.3 DRAINS PMC 294 404 4.4 PUMPS FOR DRAINAGE PMC 405 405 4.5 WATER SUPPLY DISTRIBUTION NETWORK --- PIPELINES PWB 406 410 4.6 WATER SUPPLY DISTRIBUTION NETWORK --- OVERHEAD RESERVOIR PWB 411 411 4.7 WATER SUPPLY DISTRIBUTION NETWORK --- PUMPS PWB 412 415 4.8 WATER SUPPLY DISTRIBUTION NETWORK --- TUBEWELLS PWB 416 418

5.0 PLANT & MACHINERY 5.1 P & M CREMATORIUM PMC 419 419

REGISTER OF FIXED ASSETS AS ON 1ST APRIL, 2007 Patna Municipal Corporation, PRDA & Patna Water Board

# ITEM / ASSET GROUP ASSET SUB-GROUP / TYPE UNIT FROM PAGE # TO PAGE # 6.0 VEHICLES 6.1 HEAVY & LIGHT VEHICLES PMC 420 423 6.2 HEAVY & LIGHT VEHICLES PRDA 424 424 6.3 HEAVY & LIGHT VEHICLES PWB 425 425 7.0 FURNITURE & FIXTURES , ELECTRICAL FITTINGS & APPLIANCES 7.1 PMC - HEAD OFFICE PMC 426 456 7.2 PMC BANKIPUR CIRCLE OFFICE PMC 457 464 7.3 PMC KANKARBAGH CIRCLE OFFICE PMC 465 470 7.4 PMC NUTAN CAPITAL CIRCLE OFFICE PMC 471 487 7.5 PMC PATNA CITY CIRCLE OFFICE PMC 488 504 7.6 PRDA PRDA 505 568 7.7 PWB PWB 569 579 8.0 OFFICE EQUIPMENT 8.1 PMC - HEAD OFFICE PMC 580 583 8.2 PMC BANKIPUR CIRCLE OFFICE PMC 584 584 8.3 PMC KANKARBAGH CIRCLE OFFICE PMC 585 585 8.4 PMC NUTAN CAPITAL CIRCLE OFFICE PMC 586 586 8.5 PMC PATNA CITY CIRCLE OFFICE PMC 587 587 8.6 PRDA PRDA 588 591 8.7 PWB PWB 592 592

MAIN LEVEL - SUB-LEVEL TYPE / CATERGORY IF ANY SERIAL NO.100000-00 00 - 99 0001 - 9999

00 - IF NOT SPECIFIED

ACCOUNTING HEAD CODE ASSET REFERENCE CODE MAIN LEVEL SUB-LEVEL

410000000 410 FIXED ASSET

410100000 100000

410100100 100100

410100101 100101

100102

100102-01 CREMATORIUM

100102-02 CEMETERY & BURIAL GROUND

100103

100103-01 COMMERCIAL - BUILDING

100103-02 COMMERCIAL - OTHER

410100104 100104

410100105 100105

410100106 100106

410100107 100107

410100108 100108

410100109

100110

100110-01 MARKET - BUILDING

100110-02 MARKET - OPEN MARKET

100110-03 MARKET - STALLS

100111

100111-01 OFFICE - PMC OFFICE - PMC

100111-02 OFFICE - PRDA OFFICE - PRDA

100111-03 OFFICE - PWB OFFICE - PWB

410100112 100112

100112-01 PARKING LOTS & STANDS - BUS / SCOOTER / TEMPO STAND100112-02 PARKING LOTS & STANDS - RICKSHAW STAND100112-03 PARKING LOTS & STANDS - TOMTOM STAND100112-04 BUS TERMINUS

410100113 100113 PARKS

410100114 100114 PWB - PUMPING STATION

410100115 100115

100115-01 RESIDENTIAL - HARIJAN ABASH

100115-02 RESIDENTIAL - PRDA - FLATS

100115-03 RESIDENTIAL QUARTERS -- STAFF

100115-04 RESIDENTIAL + COMMERCIAL

410100116 100116 SLAUGHTER HOUSE

410100117 100117 VACANT LAND

410100118 100118 DRAINAGE PUMP HOUSE

410100199 100199 OTHER LANDS - MUNICIPALITY

410100200 100200 LAND-TRANSFER

OFFICE

COMMUNITY TOILET

DRAINS

GARDENS

GHATS

GROUNDS

ASSET CODING SYNTAX

LAND

410100102

410100103

410100110

410100111

CREMATORIUM ETC

COMMERCIAL USE

RESIDENTIAL

PARKING LOTS & STANDS

MARKET

LAND - MUNICIPALITY

CATTLE POUND

COMMUNITY CENTRE / HALLS


410200000 200000 BUILDING

410200100 BUILDING - MUNICIPALITY

410200101 200101 ADMINISTRATIVE / OFFICE BUILDINGS

410200102 200102 COMMUNITY HALL / CENTRE BUILDINGS

410200103 200103 RESIDENTIAL

200103-01 RESIDENTIAL BUILDINGS (RENTAL)

200103-02 STAFF QUARTER BUILDINGS

200103-03 RESIDENTIAL CUM COMMERCIAL

410200104 200104 MARKET BUILDINGS

200104-01 MARKET - BUILDING

200104-02 MARKET - SHOPS

200104-03 MARKET - STALLS

200104-04 MARKET - KIOSKS

410200105 200105 PUBLIC COMFORT STATIONS / SHELTERS / REST HOUSES / RAIN BASERA

410200106 200106 HOSPITAL BUILDINGS

410200107 200107 SCHOOL BUILDINGS

410200108 200108 GUEST HOUSE BUILDINGS

410200109 200109 SLAUGHTER HOUSE BUILDINGS

410200110 200110 COMMUNITY TOILETS

410200111 200111 BUILDINGS ON PARKS & PLAYGROUNDS

410200112 200112 TOLLS

410200113 200113 BUILDINGS & STRUCTURE IN CREMATORIUM

410200114 200114 PUMP HOUSE BUILDINGS

200114-01 DRAINAGE PUMPING STATION

200114-02 WATER PUMPING STATION

410200199 200199 OTHER BUILDINGS -- MUNICIPALITY

410200200 200200 BUILDINGS - TRANSFER

410300000 300000 ROADS & BRIDGES

410300100 300100 CONCRETE ROADS

410300200 300200 BLACK TOPPED ROADS

410300300 300300 OTHER ROADS

410300400 300400 BRIDGES

410300500 300500 CULVERTS

410310000 310000 SEWERAGE & DRAINAGE

410310100 310100 SEWERAGE

410310200 310200 DRAINAGE

410320000 320000 WATERWAYS

410320100 320100 BORE WELLS

320100-01 DEEP TUBEWELLS

320100-02 SHALLOW TUBE WELLS

410320200 320200 OPEN WELLS

410320300 320300 RESERVOIRS

320300-01 OVER HEAD RESERVOIRS


320300-02 UNDER GROUND RESERVOIRS

410320400 320400 DISTRIBUTION & REGULATION SYSTEM

410320500 320500 TRANSMISSION

410400000 400000 PLANTS & MACHINERY

410400100 400100 PLANTS & MACHINERY - MUNICIPALITY

410400101 400101 FOGGING MACHINE

410400102 400102 ELECTRIC CREMATORIUM

410400103 400103 PUMPS & MACHINERY - DRAINAGE

400103-01 DIESEL PUMP & ATTACHED MOTOR

400103-02 ELECTRIC PUMP & ATTACHED MOTOR410400104 400104 PUMPS & MACHINERY - WATER SUPPLY

400104-01 DIESEL PUMP & ATTACHED MOTOR

400104-02 ELECTRIC PUMP & ATTACHED MOTOR 400199 OTHER PLANT & MACHINERY

410400200 400200 PLANTS & MACHINERY-TRANSFERRED

410500000 500000 VEHICLES

410500100 500100 VEHICLES -MUNICIPALITY

410500101 500101 AMBULANCE

410500102 500102 BUSES

410500103 500103

AMBASSASDOR

410500104 500104

GYPSY

TATA SUMO

SCORPIO

410500105 500105 CRANES

410500106 500106 TRUCKS

410500107 500107 WATER TANKER

410500108 500108 ROAD ROLLER

410500109 500109 HAND CARTS

410500110 500110 BULL DOZERS

410500111 500111 TRACTORS

410500199 500199 OTHER VEHICLES

410600000 600000 OFFICE EQUIPMENTS 3 DIGITS FOR EACH REVENUE CIRCLE / UNIT410600101 600101 AIR CONDITIONER

410600102 600102 AIR COOLER

410600103 600103 WATER COOLER

410600104 600104 REFRIGERATORS

410600105 600105 VACUUM CLEANER

410600106 600106 COMPUTERS

410600107 600107 PRINTERS

410600108 600108 FAX

410600109 600109 PHOTOCOPY MACHINES

CARS

JEEPS


410600110 600110 TYPEWRITER

410600111 600111 CALCULATOR

410600112 600112 TELEPHONE & PBX BOARD

410600113 600113 INTERCOM NETWORK

410600114 600114 WIRELESS EQUIPMENT

410600199 600199 OTHER OFFICE & OTHER EQUIPMENTS

410600200 600200 OFFICE & OTHER EQUIPMENTS - TRANSFERRED INSTITUTION410700000 700000 FURNITURE, FIXTURES, FITTINGS AND ELECTRICA3 DIGITS FOR EACH REVENUE CIRCLE / UNIT410700101 700101 CABINETS

410700106 700106 BEDS / COTS

410700107 700107 TROLLIES

410700150 700150 OTHER FURNITURE & FIXTURES

410700151 700151 FANS

410700152 700152 ELECTRICAL FITTINGS

410700153 700153 GENERATORS

410700199 700199 OTHER FITTINGS & ELECTRICAL APPLIANCES

410700200 700200 FURNITURE, FIXTURES, FITTINGS AND ELECTRICAL APPLIANCES- TRANSFERRED INSTITUTION410700202 700202 CUPBOARDS

410700303 700303 CHAIRS

410700404 700404 TABLES

410700505 700505 PARTITIONS

410800000 800000 OTHER FIXED ASSETS

410800100 800100 OTHER FIXED ASSETS- MUNICIPALITY

410800200 800200 OTHER FIXED ASSETS- TRANSFERRED INSTITUTION

OWNER: CLASS OF ASSET: LAND (VACANTCLASS CODE:

DATE COST (RS.)

M M SQM YRS Y/N RS.1 100117-00-0001 INA PHULWARI SHARIF TRENCHING

GROUND831-833 823-825 817,822(P) 837(P) THANA-35

ROAD PRIVATE 1-STORIED BUILDING

PRIVATE 2-STORIED BUILDING

ROAD INA INA 24,600.00 INA INA INA INA INA INA INA INA INA Y PARTLY VACANT LAND WITH BUILDINGS, HUTMENTS ETC

INA 1.00 INA 1 AREA MEASURES AROUND 19,800 SQM (180M X110M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT DIFFERS FROM THAT IN PMC RECORDS AS MEASUREMENT OF ENCROACHED AREA NOT POSSIBLE

2 100117-00-0002 INA BEUR FARM 11 311(P) 316 THANA-33 HUTMENT & SLUM BEUR JAIL WALL BEUR JAIL ROAD BEUR JAIL WALL INA INA 8,092.00 INA INA INA INA INA INA INA INA INA INA KHATAL & JHUPRIS / HUTMENT ENCROACHMENT. CENTRAL SCHOOL LOCATED ON PLOT

INA 1.00 INA 2 AREA MEASURES AROUND 7800 SQM (130M X60M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT DIFFERS FROM THAT IN PMC RECORDS AS MEASUREMENT OF ENCROACHED AREA NOT POSSIBLELAND SUITABLE FOR SOCIAL INFRASTRUCTURE

3 100117-00-0003 INA GARDANIBAGH ROAD-21 17 R 21/2 VACANT LAND & PRIVATE 2-

STORIED BUILDING

VACANT LAND ROAD & NALLAH VACANT LAND INA INA 813.00 INA INA INA INA INA INA INA INA INA Y RESIDENTIAL BUILDINGS & HUTMENT STRUCTURES

INA 1.00 INA 3 AREA MEASURES AROUND 810 SQM (30M X27M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT DIFFERS FROM THAT IN PMC RECORDS AS MEASUREMENT OF ENCROACHED AREA NOT POSSIBLE

4 100117-00-0004 INA KARBIGAHIYA TALAB 33,199 SHEET-12 ,16 THANA-3

ROAD VACANT LAND ROAD VACANT LAND INA INA 6,696.00 INA INA INA INA INA INA INA INA INA Y PUMPING STATION. SOME STRUCTURES AS ENCROACHMENT

INA 1.00 INA 4 COULD NOT BE MEASURED DUE TO PRESENCE OF ENCROACHES

5 100117-00-0005 INA CHITKOHRA 11 530,533(P) THANA-17 PRIVATE 2-STORIED BUILDING

ROAD ROAD PRIVATE 1-STORIED BUILDING

INA INA 1,416.00 INA INA INA INA INA INA INA INA INA Y RESIDENTIAL BUILDINGS, HUTMENT STRUCTURES

INA 1.00 INA NO PIC COULD

BE TAKEN

DUE TO

PRESE

AREA MEASURES AROUND 1800 SQM (60M X30M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT OF THE LAND AS SHOWN TO US DIFFERS FROM THAT IN PMC RECORDS

6 100117-00-0006 INA NORTH OF CHIRAIYATAD PUL & SOUTH OF RAILWAY LINES

35 532,533(P) SHEET-34 RLY. LINE PRIVATE 2-STORIED BUILDING


BRIDGE INA INA 4,928.00 INA INA INA INA INA INA INA INA INA N VACANT LAND INA 1.00 INA 5 AREA MEASURES AROUND 3300 SQM (55M X60M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT OF THE LAND AS SHOWN TO US DIFFERS FROM THAT IN PMC RECORDS

7 100117-00-0007 INA CHAK BINDA 9 1245 THANA-16 ROAD PRIVATE 1-STORIED BUILDING


VACANT LAND INA INA 506.00 INA INA INA INA INA INA INA INA INA Y PARTLY VACANT LAND WITH HUTMENT STRUCTURE

INA 1.00 INA 6 AREA MEASURES AROUND 990 SQM (33M X30M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT OF THE LAND AS SHOWN TO US DIFFERS FROM THAT IN PMC RECORDS

8 100117-00-0008 INA SALIMPUR AHRA (DALDALI ROAD) 18 469 SHEET-45 PRIVATE 2-STORIED BUILDING

ROAD NALA PRIVATE 3-STORIED BUILDING

INA INA 255.00 INA INA INA INA INA INA INA INA INA Y SCHOOL & RESIDENTIAL BUILDINGS, HUTMENTS

INA 1.00 INA 7 AREA MEASURES AROUND 1020 SQM (34M X30M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT OF THE LAND AS SHOWN TO US DIFFERS FROM THAT IN PMC RECORDS

9 100117-00-0009 INA SALIMPUR AHRA (DALDALI ROAD) 18 INA PRIVATE 3-STORIED BUILDING

ROAD ROAD NALA 34 12 408.00 INA INA INA INA INA INA INA INA INA Y MANDIR, SCHOOL & RESIDENTIAL BUILDINGS


BE TAKEN

DUE TO

PRESE

NO RECORD OF PROPERTY IN PMC RECORDS. ENCROACHED PROPERTY. ESTIMATED MEASUREMENT IS AS PER PHYSICAL SURVEY OF LAND PARCEL SHOWN TO US.

10 100117-00-0010 INA BORING ROAD SUMP HOUSE 14 KHATAL 187 (P) 177 391

ROAD & HUTMENT STRUCTURE


ROAD PRIVATE 3-STORIED BUILDING

INA INA 885.00 INA INA INA INA INA INA INA INA INA Y VACANT LAND WITH HUTMENTS & KHATAL

INA 1.00 INA 8 AREA MEASURES AROUND 2090 SQM (55M X38M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT OF THE LAND AS SHOWN TO US DIFFERS FROM THAT IN PMC RECORDS. NEW 8' WALL AROUND 22 M FROM NORTH SIDE CONSTRUCTED ON PLOT RUNNING ENTIRE LENGTH.

11 100117-00-0011 INA SANDALPUR TRENCHING GROUND

39 1825-1827 1896-98, 1911 & 800, SHEET-132,133

RESIDENTIAL LAND ROAD / SHOP / MARKET

SLUM HUTMENTS FACTORY BUILDING

INA INA 28,517.00 INA INA INA INA INA INA INA INA INA Y FULLY ENCROACHED WITH RESIDENTIAL BUILDINGS, HUT

MENTS AND SLUM AREA

INA 1.00 INA 9 AREA MEASURES AROUND 21450 SQM (195M X 110M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT OF THE LAND AS SHOWN TO US DIFFERS FROM THAT IN PMC RECORDS

12 100117-00-0012 INA KHAJURBANNA (OPP LANE OF RAJENDRA PETROL PUMP & ADJACENT TO SUBHAM FOODS)

51 PLOT-981,SHEET-135 ROAD BUILDINGS BUILDINGS BUILDINGS INA INA 995.00 INA INA INA INA INA INA INA INA INA INA FULLY ENCROACHED WITH RESIDENTIAL BUILDINGS


BE TAKEN

DUE TO

PRESE

AREA MEASURES AROUND 10 KOTTAHS APROXIMATELY AS INITIMATED TO US DURING PHYSICAL SURVEY.

13 100117-00-0013 INA KHAJURBANNA (ON ASHOK RAJPATH ADJACENT TO PRINCE MEDICAL)

51 INA PRIVATE LAND & RESIDENTIAL

BUILDING

ROAD SHOP VACANT PRIVATE LAND

PARCEL

INA INA INA INA INA INA INA INA INA INA VACANT LAND, PARTLY ENCROACHED BY BARBER SHOP


BE TAKEN

DUE TO

PRESE

AREA MEASURES AROUND 10 DHURS APROXIMATELY AS INITIMATED TO US DURING PHYSICAL SURVEY.

14 100117-00-0014 INA ALKA COLONY 36 PLOT - 3420,SHEET-130

INA INA INA INA INA INA 866.00 INA INA INA INA INA INA INA INA INA INA INA INA 1.00 INA INFORMATION NOT AVAILABLE

15 100117-00-0015 INA DARIYAPUR MATHI ROAD 26 PLOT-375,SHEET-61 INA INA INA INA INA INA 49.00 INA INA INA INA INA INA INA INA INA INA INA INA 1.00 INA COULD NOT BE LOCATED

16 100117-00-0016 INA DARIYAPUR MATHI ROAD 26 PLOT-374,SHEET-61 INA INA INA INA INA INA 138.00 INA INA INA INA INA INA INA INA INA INA INA INA 1.00 INA COULD NOT BE LOCATED

17 100117-00-0017 INA DARIYAPUR MATHII GALI / GOLA ROADADJACENT TO GOLA HARDWARE

26 PLOT-370,SHEET-61 BUILDINGS BUILDINGS GALI & BUILDINGS BUILDINGS INA INA 506.00 INA INA INA INA INA INA INA INA INA Y PARTLY ALLOTED TO HONEY DEW POINT SCHOOL, PARTLY ENCROACHED BY PRIVATE 2-STORIED BUILDING BUILDING

INA 1.00 INA 10 AREA MEASURES AROUND 391 SQM (23M X 17M) APROXIMATELY AS ESTIMATED DURING PHYSICAL SURVEY. PHYSICAL MEASUREMENT OF THE LAND AS SHOWN TO US DIFFERS FROM THAT IN PMC RECORDS

18 100117-00-0018 INA MOHAMMAD PUR ROAD 36 PLOT-931,SHEET-115 INA INA INA INA INA INA 158.00 INA INA INA INA INA INA INA INA INA INA INA INA 1.00 INA INFORMATION NOT AVAILABLE

19 100117-00-0019 INA MACHHARHATTA MAHURI MOHALLA

49 PLOT-1027,1034,1235 PRIVATE 3-STORIED BUILDING




INA INA 3,516.00 INA INA INA INA INA INA INA INA INA INA RESIDENTIAL BUILDINGS INA 1.00 INA 11 HUTMENT STRUCTURE MAY BE ENCROACHMENT

20 100117-00-0020 INA PEERBAITH ALAMGANJ 42 PLOT-935 SHEET-151 ROAD PRIVATE 3-STORIED BUILDING



INA INA 1,254.00 INA INA INA INA INA INA INA INA INA INA VACANT LAND INA 1.00 INA 12 INFORMATION NOT AVAILABLE

MODE OF ACQUISITION

COST OF ACQUIRING THE

LAND(RS.)

GIVE REFERENCE

OF THE AVAILABLE

TITLE DOCUMENTS

IMAGE NO.

CURRENT MARKET VALUE(RS.)

WAS THE LAND SUBJECT TO IMPROVEMENT SUCH AS

FILLING, LEVELING ETC. AFTER ACQUISITION?

(YES / NO)

IF YES, SPECIFY THE DETAILS OF

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