HINDUSTAN CONSTRUCTION COMPANY LTD.

PROJECT:URI II HEP - 19,151.98

Season Budget (2010-11) 130.29
PROFITABILITY TILL COMPLETION 30.2

ESTIMATE FOR FUTURE YEARS

ACTUALS BUDGET (APR - MARCH) ACT/EST Inception
SN PARTICULARS APR 10 - %
INCEPTION Jan-10 to INCEPTION Apr-10 to Apr-11 to Apr-12 to Apr-13 to TO Completion
MAR 11 For balance
TO Dec-09 Mar-10 TO Mar-09 Mar-11 Mar-12 Mar-13 Mar-14
1 2 3 (2 + 3) =4 7 % 9 10 11 12 (4+7+8)=13 work
1 WORK BILL RECEIPTS (PURE) 30,561.28 2,467.47 33,028.75 12,298.78 2,488.25 47,815.78 ###
2 ADD: CLOSING WIP (PURE) 6,283.22 19,003.93 19,003.93 50,815.75 3,074.81 0.00 ###
3 LESS: OPENING WIP (PURE) - 18,886.65 - 55,091.89 5,199.17 - ###
4 SUB TOTAL (PURE) 36,844.50 2,584.75 52,032.68 8,022.64 363.89 47,815.78 ###
5 ESCALATION BILL RECEIPTS 5,322.09 642.40 5,964.49 3,037.63 628.91 9,631.03 ###
6 ADD: CLOSING WIP (PURE) 1,299.1 3,865.33 3,865.3 10,682.76 742.49 0.00 ###
7 LESS: OPENING WIP (ESC) - 3,869.32 - 11,498.87 1,221.52 - ###
8 SUB-TOTAL (ESC) 6,621.2 638.4 9,829.82 2,221.52 149.88 9,631.04 ###
9 EXCISE DUTY DRAWBACK - - - - - - ###
10 a) WORK BILL RECIEPTS 998.0 101.0 1,099.0 516.61 105.00 1,720.56 ###
11 b) CLOSING WIP 298.8 817.54 1,116.3 2,071.59 128.59 0.00 ###
12 c) OPENING WIP - 857.11 857.1 2,243.12 216.28 - ###
13 SUBTOTAL (DUTY DRAWBACK) 1,296.8 61.4 1,358.2 345.08 17.31 1,720.56 ###
14 INSURANCE CLAIMS 141.4 - 141.42 - - 141.42 ###
15 REIMBURSEMENT OF EXCISE DUTY - - - - - - - ###
16 ANY OTHER ITEM 939.3 - 939.28 - 373.91 - 1,313.19 ###
WORK DONE (INCL ESC)
17 45,843.21 3,284.55 49,127.77 10,589.23 904.99 - 60,621.99 ###
(4+8+13+14+15+16)
18 LESS: CLIENT'S MATERIAL 19.34 - 19 - - 19.34 ###
19 HCC WORK DONE (9-10) 45,823.87 3,284.55 49,108.43 10,589.23 100.00% 904.99 - 60,602.65 100.00% ###
20 DIRECT VARIABLE COST - - - - ###
a. BUILDING MATERIALS 13,836.90 1,763.66 15,600.56 8,699.76 82.16% 562.39 24,862.72 41.03% ###
b. BOUGHTOUT MATERIALS - - - - 0.00% - - 0.00% ###
c. STORES MATERIALS 2,333.84 79.77 2,413.61 164.24 1.55% 31.96 2,609.81 4.31% ###
d. CONSUMABLE ACCESSORIES 989.60 59.45 1,049.05 210.01 1.98% 227.07 1,486.14 2.45% ###
e. SPARES 1,943.61 94.62 2,038.23 240.29 2.27% 16.20 2,294.71 3.79% ###
f POL 6,755.71 470.39 7,226.10 1,355.80 12.80% 55.79 8,637.69 14.25% ###
f(a) MSE 1.15 - 1.15 - 0.00% - 1.15 0.00% ###
g. ELECTRICITY 242.03 15.57 257.61 45.67 0.43% 66.59 369.87 0.61% ###
h. SUB-CONTRACT EXPENSES 3,847.26 306.23 4,153.49 979.35 9.25% 186.12 5,318.96 8.78% ###
i. PRW EXPENSES 1,901.16 393.95 2,295.11 980.92 9.26% 537.10 3,813.13 6.29% ###
j. SALARIES & WAGES 4,774.66 405.22 5,179.88 1,195.72 11.29% 214.09 6,589.70 10.87% ###
k. OVER TIME 1,685.59 155.77 1,841.36 359.70 3.40% 54.13 2,255.18 3.72% ###
SUB TOTAL (a to k) 38,311.52 3,744.63 42,056.15 14,231.47 134.40% 1,951.44 - 58,239.06 96.10% ###
21 CONTRIBUTION (19-20) 7,512.35 - 460.08 7,052.28 - 3,642.23 -34.40% - 1,046.45 - 2,363.59 3.90% ###
22 INDIRECT COST - - - - 0.00% - ###
l. EQUIPMENT REPAIRS (OUTSIDE) 125.61 31.32 156.93 405.50 3.83% - 562.43 0.93% ###
m. EQUIPMENT HIRE (OUTSIDE) 1,141.48 103.93 1,245.42 213.82 2.02% 4.71 1,463.94 2.42% ###
n. EQUIPMENT LEASE (OUTSIDE) - 48.56 48.56 79.71 0.75% - 128.26 0.21% ###

o. REVENUE & OTHER EXP. 5,613.48 421.17 6,034.64 1,723.45 16.28% 272.75 8,030.85 13.25% ###

p. INTEREST TO CLIENTS 88.40 9.75 98.15 1.21 0.01% - 99.36 0.16% ###
q. INTEREST TO OTHERS 0.36 - 0.36 - 0.00% - 0.36 0.00% ###
r. DEPRICIATION 2,840.22 188.51 3,028.72 511.87 4.83% 6.13 3,546.72 5.85% ###
s. REFURBISHMENT CHARGE 2,517.76 178.22 2,695.98 452.10 4.27% 3.93 3,152.00 5.20% ###
SUB- TOTAL (l to s) 12,327.30 981.46 13,308.76 3,387.65 31.99% 287.52 - 16,983.93 28.03% ###
23 TOTAL (20+22) 50,638.82 4,726.09 55,364.91 17,619.12 166.39% 2,238.96 - 75,222.99 124.12% ###
24 OPERATING MARGIN (21-22) - 4,814.94 - 1,441.53 - 6,256.48 - 7,029.89 -66.39% - 1,333.97 - 14,620.34 -24.12% ###
25 PRELIMINARY INCURRED 3,965.02 24.46 3,989.48 677.37 6.40% 13.06 4,679.90 7.72% ###
26 PRELIMINARY CHARGED 2,947.24 250.90 3,198.14 1,461.94 13.81% 19.81 4,679.90 7.72% ###
27 ADD: SUNDRY RECEIPTS - - - 344.00 3.25% 656.00 1,000.00 1.65% ###
28 INTEREST ON HO FUNDING 650.36 498.38 1,148.74 2,051.89 19.38% 1,158.72 4,359.35 7.19% ###
MARGIN AT BRANCH BEFORE HO
29 EXP - 8,412.54 - 2,190.82 - 10,603.36 - 10,199.72 -96.32% - 1,856.50 - - 22,659.58 -37.39%###
(24-26+27-28)

30 SHARE OF HO EXP( 4.5% ) 2,683.04 155.41 2,838.45 460.99 4.35% 23.12 3,299.44 5.44% ###
31 NET PROFIT/ LOSS (29-30) - 11,095.58 - 2,346.23 - 13,441.82 - 10,660.71 -100.67% - 1,879.62 - - 25,959.02 -42.83%###
ADJUSTED TURNOVER
32 46,841.65 3,058.11 49,899.76 9,804.65 92.59% 898.23 - 60,621.99 100.03%###
(17+25-26)
Form 4 B 1 of 6
Project:URI II HEP Budget

ACTUAL BALANCE ANTICIPATED

APPROVED SINCE WORK TO SINCE
PARTICULARS BUDGET
%
INCEPTION
%
COMPLETION
% INCEPTION TO
% Variance
TO Dec-2009 (FROM Jul-09) COMPLETION

PURE 521.77 368.44 109.71 478.16

ESCALATION 100.67 66.21 30.10 96.31
ANY OTHER (INS) 20.97 14.19 6.78 18.43
CLAIMS & VARIATION 45.61 9.39 36.22 13.13
TOTAL 689.01 100% 458.24 182.81 606.03

MATERIAL
Building Mat 230.31 33% 138.37 30% 110.45 60.4% 248.82 41%
Store Mat 24.42 4% 23.34 5% 2.76 1.5% 26.10 4%
Sub Total 254.72 37% 161.71 35% 113.21 61.9% 274.92 45%

SC/PRW
Sub Contract 54.32 38.47 14.72 8.1% 53.19 9%
PRW 24.23 19.01 19.12 10.5% 38.13 6%
Sub Total 78.55 11% 57.48 13% 33.84 18.5% 91.32 15%

EQUIPMENT RELATED COST

POL 70.07 10% 67.56 15% 18.82 10.3% 86.38 14%
Electricity 2.74 0% 2.42 1% 1.28 0.7% 3.70 1%
Consumable 10.76 2% 9.90 2% 4.97 2.7% 14.86 2%
Spares 17.96 3% 19.44 4% 3.51 1.9% 22.95 4%
Sub Total 101.53 15% 99.31 22% 28.57 15.6% 127.88 21%

FIXED EXPENSES
MSE 0.01 0% 0.01 0% 0.00 0.0% 0.01 0%
Salary/wages 69.96 10% 64.60 14% 23.85 13.0% 88.45 15%
Equipment Repair 2.29 0% 1.26 0% 4.37 2.4% 5.62 1%
Equip Hire 9.16 1% 11.41 2% 3.22 1.8% 14.64 2%
Revenue 75.01 11% 56.13 12% 24.17 13.2% 80.31 13%
Interest 1.32 0% 0.89 0% 0.11 0.1% 1.00 0%
Sub Total 157.75 23% 134.31 29% 55.72 30.5% 190.03 31%
0.00 0.0% 0%
PRELIMINARY EXPENSES 39.72 6% 29.47 6% 17.33 9.5% 46.80 8%
0.0% 0%
TOTAL EXPENSES 632.27 92% 482.28 105% 248.67 136.0% 730.95 121%
BRANCH MARGIN 56.75 8% -24.04 -5% -65.86 -36.0% -124.93 -21%
 MIS
NAME OF THE PROJECT: URI HEP - II
PROFIT AND LOSS FOR THE PERIOD ENDED 31-Dec-09 PAGE : 2 OF 10
(RS. IN LACS)
APRIL 2009 TO MARCH 2010
CUMULATIVE
SINCE INCEPTION SR. PARTICULARS CURRENT MONTH CUMULATIVE THIS YEAR
ACTUAL % NO. BUDGET % ACTUAL % BUDGET % ACTUAL %
30,561.28 66.66 1 WORK BILL RECEIPTS (PURE) 1,378.13 88.24 928.43 36.33 11,159.71 88.05 6,062.92 59.97
6,283.22 13.71 2 ADD: CLOSING WIP (PURE) 3,519.34 225.33 6,283.22 245.84 3,519.34 27.77 6,283.22 62.15
- 3 LESS: OPENING WIP (PURE) 3,842.55 246.03 5,382.70 210.60 4,803.01 37.90 4,803.01 47.51
36,844.50 4 SUB TOTAL (PURE) : 1,054.92 1,828.95 9,876.05 7,543.13
5,322.09 11.61 5 WORK BILL RECEIPTS (ESCL) 303.47 19.43 233.05 9.12 2,187.01 17.26 1,366.43 13.52
1,299.14 2.83 6 ADD: CLOSING WIP (ESCL.) 541.82 34.69 1,299.14 50.83 541.82 4.28 1,299.14 12.85
- 7 LESS: OPENING WIP (ESCL.) 614.28 39.33 1,081.85 42.33 941.78 7.43 941.78 9.32
6,621.23 8 SUB TOTAL (ESCL.) : 231.01 450.34 1,787.05 1,723.79
- 9 Works Contract Tax
997.99 2.18 10 a) WORK BILL RECIEPTS 64.22 4.11 65.97 2.58 469.71 3.71 205.64 8.05
298.80 0.65 11 b) CLOSING WIP 136.80 8.76 298.80 11.69 136.80 1.08 298.80 11.69
12 c) OPENING WIP 150.13 9.61 288.00 11.27 193.33 1.53 193.33
1,296.79 13 SUB TOTAL(EXCISE DUTY DRAWBACK) : 50.90 76.77 413.18 311.11
14 OTHER ITEM (VARIATIONS & Royalty Rimb)
485.92 a) WORK BILL RECIEPTS 1.06 78.15
453.36 b) CLOSING WIP 453.36 69.96 453.36
- - c) OPENING WIP 254.62 0.10 - -
939.28 SUB TOTAL (Variations & Royalty Rimb.) : 225.00 14.41 199.80 597.45 14.41 531.51
141.42 15 INSURANCE CLAIMS
WORK DONE (INCL. ENCL.)
45,843.21 16 1,561.83 2,555.87 12,673.73 10,109.53
(4+8+13+14+15) :
19.34 0.00 17 LESS : CLIENT'S MATERIAL - - - -
45,823.87 99.96 18 HCC WORK DONE (16-17) : 1,561.83 2,555.87 12,673.73 10,109.53
- 19 DIRECT VARIABLE COST:
13,836.90 30.18 A. BUILDING MATERIALS 960.94 61.53 648.01 25.35 6,547.32 51.7 4,246.87 42.01
- - B. BOUGHTOUT MATERIALS - - - - - - - -
2,333.84 5.09 C. STORES MATERIALS 2.34 0.15 62.41 2.44 269.06 2.1 396.85 3.93
989.60 2.16 D. CONSUMABLE ACCESSORIES 9.70 0.62 20.47 0.80 164.50 1.3 169.78 1.68
1,943.61 4.24 E. SPARES 11.96 0.77 50.42 1.97 233.32 1.8 491.72 4.86
1.15 0.00 F. MSE ITEMS - - - - - - - -
6,755.71 14.74 G. POL 84.84 5.43 168.35 6.59 964.37 7.6 1,255.03 12.41
242.03 0.53 H. ELECTRICITY 5.46 0.35 6.00 0.23 53.79 0.4 51.59 0.51
3,847.26 8.39 I. SUB-CONTRACT EXPENSES 38.16 2.44 89.19 3.49 652.78 5.2 755.71 7.48
1,901.16 4.15 J. PIECE RATE CONTRACT EXP. 52.72 3.38 110.77 4.33 510.31 4.0 712.86 7.05
4,774.66 10.42 K. WAGES AND SALARIES 108.69 6.96 141.50 5.54 1,131.37 8.9 1,159.84 11.47
1,685.59 3.68 L. OVERTIME 23.22 1.49 53.89 2.11 275.08 2.2 425.64 4.21
38,311.52 83.57 SUB TOTAL (A TO L) : 1,298.04 83.11 1,351.01 52.86 10,801.90 85.2 9,665.89 95.6
7,512.35 16.39 20 CONTRIBUTION (18-19) : 263.79 16.89 1,204.86 47.14 1,871.83 14.8 443.64 4.4
- 21 INDIRECT COST - -
125.61 0.27 M. EQUIPMENT REPARIS (OUTSIDE) 2.00 0.13 2.36 0.09 155.00 1.2 57.98 0.57
1,141.48 2.49 N. EQUIPMENT HIRE (OUTSIDE) 3.10 0.20 31.25 1.22 59.10 0.5 286.99 2.84
- - O. EQUIPMENT LEASE (OUTSIDE) - - - - - - -
5,613.48 12.24 P. REVENUE EXPENSES 182.48 11.68 446.60 17.47 1,503.67 11.9 1,417.13 14.02
88.40 0.19 Q. INTEREST TO CLIENT 7.69 0.49 4.93 99.94 0.8 87.40 0.86
0.36 0.00 R. INTEREST TO OTHERS #REF! #REF! - - - - 0.01 0.00
2,840.22 6.20 S. EQUIPMENT CHARGE(Depreciation) 46.25 2.96 65.19 2.55 526.15 4.2 604.24 5.98
2,517.76 5.49 T. REFURBISHMENT CHARGE(HO) 46.25 2.96 23.87 0.93 530.66 4.2 402.38 3.98
12,327.30 26.89 SUB TOTAL (L TO T) : #REF! #REF! 574.21 22.47 2,874.52 22.7 2,856.13 28.25
50,638.82 110.46 22 TOTAL (19+21) : #REF! #REF! 1,925.22 75.33 13,676.42 12,522.02
(4,814.95) (10.50) 23 OPERATING MARGIN (20-21) : #REF! #REF! 630.65 24.67 (1,002.69) (7.9) (2,412.49) (23.9)
3,965.02 8.65 24 PRELIMINARY INCURRED - - 25.23 0.99 249.35 2.0 242.26 2.40
2,947.24 6.43 25 PRELIMINARY CHARGED 84.54 5.41 164.12 6.42 1,076.94 8.5 884.74 8.75
- - 26 ADD: SUNDRY RECEIPTS - - 656.00 5.2 -
650.36 1.42 27 LESS: INTEREST ON HO FUNDING 119.93 7.68 86.93 3.40 1,083.39 8.55 635.56 6.29
MARGIN AT BRANCH BEFORE HO
(8,412.55) (18.35) 28 #REF! #REF! 379.60 14.85 (2,507.03) (19.8) (3,932.79) (38.9)
EXPENSES (23-25+26-27)
7,930.70 29 Add/Less:- Construction & Project WIP - 2,621.03

(481.85) 30 MARGIN AT BRANCH AS PER CTC (28+29) #REF! #REF! 379.60 14.85 (2,507.03) (19.78) (1,311.76) (38.90)

2,683.04 5.85 31 SHARE OF HO EXPENSES 57.87 3.71 57.87 2.26 524.84 4.1 525.30 5.2
(3,164.89) (6.90) 32 NET PROFIT/LOSS (28-29) : #REF! #REF! 321.73 12.59 (3,031.87) (23.9) (1,837.06) (18.2)
46,841.65 102.18 ADJUSTED TURNOVER (18+24-25) : 1,477.29 94.59 2,416.98 94.57 11,846.14 93.5 9,467.05 93.6

For HINDUSTAN CONSTRUCTION CO. LIMITED

ACCOUNTS MANAGER PROJECT MANAGER

Project: URI II HEP

Inception to
Actual Since Anticipated
completion as Balance work to
inception till Mar- inception to Variance
per last approved completion
10 completion
budget

Pure work 521.77 392.17 90.58 482.75 (39.02) ###

Escalation 100.67 72.00 26.04 98.04 (2.63) ###
Any other 20.97 15.82 3.47 19.29 (1.68) ###
Claims & Variations 45.61 9.39 108.85 118.24 72.63 ###
Turnover 689.01 489.38 228.95 718.33 29.31 ###

Material 254.72 37% 179.25 37% 95.67 42% 274.92 38% 20.20 1%
Subcontract + PRW 78.55 11% 64.79 13% 28.81 13% 93.60 13% 15.05 2%
Equipment related cost 101.53 15% 105.72 22% 22.56 10% 128.27 18% 26.74 3%
Direct cost 434.80 63% 349.76 71% 147.03 64% 496.79 69% 61.99 6%
Contribution 254.21 37% 139.62 29% 81.92 36% 221.53 31% (32.68) -6%
Fixed site expense 157.75 23% 145.86 30% 45.65 20% 191.51 27% 33.76 4%
Preliminary expense 39.72 6% 32.03 7% 15.36 7% 47.38 7% 7.66 1%
Total indirect expenses 197.47 29% 177.88 36% 61.01 27% 238.89 33% 41.42 5%
Sundry Receipts 10.00 0.00 10.00 10.00 - ###
Total Expenses 622.27 90% 527.65 108% 198.04 86% 725.68 101% 103.41 11%
Branch Margin 66.75 10% -38.27 -8% 30.91 14% (7.36) -1% (74.10) -11%
###
less Depreciation 26.55 26.38 5.43 31.81 5.26 ###
Add EOT cost 18.02 0.00 113.26 113.26 95.24 ###
CTC Margin 58.22 8.2% -64.65 -13% 138.74 41% 74.10 8.9% 15.88 1%
5.63
HINDUSTAN CONSTRUCTION CO LTD
URI II HEP
Detail Calculation
Description Unit Qty Amt Remarks
Manpower
Min Wages Riv Months 10 450 Impact 45 Lacs pre month
Manpower Reduction could not be done
IR Problem
because of IR Problem
Sub total 450
SC & PRW
Impact 30% Because of Revision in Min
Min Wages Riv 416.1
wages
Increase in manpower for compressing
the schedule for completion.
Quantitaive progress iis not sufficient to
Incompetent Manpower 193.9 take care of the labour payment of PRW.
Hence the payment is made considering
the labour payment.

Sub total 610

Preliminaries
Additional Gantries 300
Demobilization
150
Transportation
Any other 300 Additional Pumps
Sub total 750
Revenue
Cess 200
Terriorism Cover 44
Additional Period 360 CAR Policy
Sub total 604
Grand Total 2184
 Boosted TO in Last year Overstay wrt last
Budget without any budget
expenses Commer Reductio completion
Impact
cial WIP n in Minimum
on Equipm Project
Knockof Actual Impact Wages
material ent Over Complet
Drop in CTC wrt f not Claim Vs of Impact.
Sr. No. Project RATE Run of Total Other ion
Latest Version conside Consider Depricat (Salary-wages
Pure Increase Equipm Approx (FY 10-
Esc Total red in ed in last ion + Subcon Month
work (Unioin ents Cost 11)
last Year PRW )
Budget)
Budget Budget

URI
6.00 187.41 0.00 26.44 34.48 12.83 5.26 9.00 18.00 97.01 71.92 Sep-10
HEP-II
URI
7 187.41 25.00 4.84 29.84 18.98 34.48 13.90 5.20 5.26 10.60 9.00 23.04 141.31 13.54 Jun-11
HEP-II
35 Crs Additional works
considered against which Exp
considered is 10 Crs.
32.56
Material 09-10 10-11 Over Stay MSE Others
36.96 53.24 Salary/wages 1.8 Rev 6.04
7.45 10.15 Equipment Repair Prel 7.5
44.41 63.39 Equip Hire 0.28 Total 13.54
Total 18.98 Revenue 0.4
Interest 0.08 0.00
Bdg Mat 11.52 Total 2.56
Str. Mat 0.06
POL 1.32
Total 12.90
Wastage Bud Actual Var
S/C 20% 45% 25%
WM 0.30% 44% 44%
Non Payable towards material 1