Financial Results

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.

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

Dividend

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

Financial Health

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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