|
FINANCIAL POSITION:
The authorized share capital of the Corporation is Rs.300.00 lakhs against which the paid-up capital is Rs.246.08 lakhs, totally subscribed by the H.P.State Government. The profit for the year 2003-04 is Rs.12.68 lakhs, and for 2004-05 is Rs.25.34 lakhs and for the year 2005-06 is Rs.74.77 lakhs approximately (before income tax).
• Budget
Proposal
Amount (Rs. in Lacs.)
|
SR NO
|
Particulars
|
2005-06 |
2006-07
|
|
1
|
Turnover |
9140.69 |
9797.00 |
|
2
|
Gross Profit & other income |
162.68 |
154.54 |
|
3
|
Expenditure |
87.91 |
98.78 |
|
4
|
Profit |
74.77 |
55.76 |
The projection of
turnover and profit for the year 2006-07 is subject to
th continuance of SSI rebate on Iron & Steel to the Corporation.
H.P. STATE SMALL INDUSTRIES & EXPORT CORPORATION LTD, SHIMLA
STATEMENT SHOWING SALES, GROSS PROFIT, EXPENDITURE, PROFIT AND LOSS POSITION FOR THE FINANCIAL YEAR 2005-Q6(TENTATIVE) AND 2006-07(ESTIMATED).
OTHER INCOME |
2005-06 |
2006-07 |
Rent of Industrial sheds |
12.98 |
15.63 |
| Rent-CFA (IOC) |
00.24 |
00.24 |
Interest on FDR's |
06.30 |
07.31 |
Commission from IOC Bitumen |
09.57 |
10.10 |
Commission on sale of marketing goods |
06.00 |
06.50 |
Misc. Income |
8.07 |
|
Profit on sale of Bilsapur Sheds |
18.73 |
|
| TOTAL |
61.89 |
44.13 |
|
