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Although the Corporation
is working on slender margins as being a service
organisation, earning of profits is not its
main objective, yet the Corporation has been
continuously making modest profits from the
2nd year of its working.
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The year wise position of
losses/profits before tax is as under :
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|
| Year
|
Loss(-)/
Gross Profit(+) |
Amount
(Rs. Lacs) |
| 1980-81 |
[-] |
2.59 |
| 1981-82 |
[+] |
2.71 |
| 1982-83 |
[+] |
1.40 |
| 1983-84 |
[+] |
2.34 |
| 1984-85 |
[+] |
4.17 |
| 1985-86 |
[+] |
7.80 |
| 1986-87 |
[+] |
10.48 |
| 1987-88 |
[+] |
30.51 |
| 1988-89 |
[+] |
89.15 |
| 1989-90 |
[+] |
5.44 |
| 1990-91 |
[+] |
5.43 |
| 1991-92 |
[+] |
9.19 |
| 1992-93 |
[+] |
11.89 |
| 1993-94 |
[+] |
2.13 |
| 1994-95 |
[+] |
10.32 |
| 1995-96 |
[+] |
13.17 |
| 1996-97 |
[+] |
26.45 |
| 1997-98 |
[+] |
38.34 |
| 1998-99 |
[+] |
68.10 |
| 1999-2000 |
[+] |
96.58 |
| 2000-01 |
[+] |
89.22 |
| 2001-02 |
[+] |
107.85 |
| 2002-03 |
[+] |
158.62 |
| 2003-04 |
[+] |
535.52 |
| 2004-05 |
[+] |
446.76 |
| 2005-06 |
[+] |
606.77 |
| 2006-07 |
[+] |
420.47 |
| 2007-08 |
[+] |
194.09 |
| 2008-09 |
[+] |
322.84 |
| 2009-10 |
[+] |
287.16 |
| 2010-11 |
[+] |
315.15 |
| 2011-12 |
[+] |
306.59 |
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The Corporation has also been
paying dividend to the State Govt. Year-wise details
of dividend paid / declared are as under :
|
| Year
|
Amount
Paid |
Percentage
(%) |
| 1985-86 |
150000.00 |
0.5 |
| 1986-87 |
160000.00 |
0.5 |
| 1987-88 |
160000.00 |
0.5 |
| 1988-89 |
164500.00 |
0.5 |
| 1989-90 |
169500.00
|
0.5 |
| 1990-91 |
169500.00 |
0.5 |
| 1991-92 |
255000.00 |
0.75 |
| 1992-93 |
341000.00 |
1.00 |
| 1993-94 |
171000.00 |
0.5 |
| 1994-95 |
|
|
| 1995-96 |
345000.00 |
1.0 |
| 1996-97 |
519000.00
|
1.5 |
| 1997-98 |
877500.00 |
2.5 |
| 1998-99 |
1230250.00 |
3.5 |
| 1999-2000 |
1230250.00 |
|
| 2000-01 |
17,57,500.00 |
5 |
| 2001-02 |
17,57,500.00 |
5 |
| 2002-03 |
17,57,500.00 |
|
| 2003-04 |
24,60,500.00 |
7 |
| 2004-05 |
70,30,000.00 |
20 |
| 2005-06 |
52,72,500.00 |
15 |
| 2006-07 |
35,15,000.00 |
10 |
| 2007-08 |
35,15,000.00 |
10 |
| 2008-09 |
35,15,000.00 |
10 |
| 2009-10 |
17,57,500.00 |
5 |
| 2010-11 |
52,73,000,00 |
15 |
| 2011-12 |
35,15,000,00 |
10 |
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The authorised share capital
of the Corporation is Rs. 800 lacs distributed
into 80,000 shares of Rs. 1,000/- each. As
of today the paid up capital of the Corporation
is Rs. 351.50 lacs. For its working capital
requirement, the Corporation is availing Cash
Credit limit of Rs. 10.00 crore from a consortium
of banks. The HP State Coop. Bank is the leader
of the consortium. The Corporation has paid
interest and other bank charges during the
last five years as follows:
|
|
| Year
|
Turnover(Rs.
lacs) |
Interest & Bank Charges (Rs. lacs) |
%
of Interest to Turnover |
| 2005-06 |
50398.29 |
182.40 |
0.36 |
| 2008-09 |
91559.44 |
104.33 |
0.11 |
| 2009-10 |
101936.50 |
50.43 |
0.05 |
| 2010-11 |
107330.00 |
56.76 |
0.09 |
| 2011-12 |
111120.61 |
67.77 |
0.06 |
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