The
company was carrying out its activities on grant-in-aid received from
Government of Kerala till 1990. Thereafter the company was allowed to
function on commercial lines (Government support limited to developmental
functions) and showed satisfactory results during most of the years.
Besides
the commercial activities, the Board continued to implement the various
plan and other schemes of central and state Governments.
Capital structure and financial position
The
authorised capital of the Company as on 31-3-2004 was Rs.11 Crores and
paid up capital of the Company as on that date is Rs.7,32,57,300/- divided
into 732573 equity shares of 100 each fully paid up. The statutory audit
of the company upto the year ended 31st March 2002 has been completed.
The audit of accounts for the year 2002-03 is in progress.
Financial
position of the company (Rs. In lakh)
| |
2001-02 |
2002-03 |
2003-04 |
| |
(Subject
to
audit) |
(Subject
to
audit) |
(Subject
to
audit) |
| Liabilities
: |
| a)
Paid up capital (including advance towards share capital) |
732.57 |
732.57 |
732.57 |
| b)
Reserve and surplus |
1407.32 |
1477.40 |
1613.66 |
| c)
Borrowings |
- |
- |
- |
| d)
Trade dues and current liabilities (including provisions) |
907.77 |
778.17 |
745.15 |
| TOTAL |
3047.66 |
2988.14 |
3091.38 |
| Assets: |
| a)
Gross block |
2208.75 |
2356.64 |
2402.53 |
| b)
Less depreciation |
1030.00 |
1142.12 |
1171.46 |
| c)
Net fixed assets |
1178.75 |
1214.52 |
1231.07 |
| d)
Livestock |
74.27 |
73.99 |
151.25 |
| e)
Capital works in progress |
32.56 |
43.49 |
69.43 |
| f)
Investments |
60.00 |
60.00 |
60.00 |
| g)
Current assets, loans and advances |
1521.33 |
1557.57 |
1502.26 |
| h)
Accumulated loss |
18.75 |
38.57 |
77.37 |
| TOTAL |
3047.66 |
2988.14 |
3091.38 |
| Capital
employed |
2159.80 |
2111.40 |
2208.87 |
| Net
worth |
1959.14 |
2171.40 |
2268.88 |
Working results
The working results of the company for three years upto 2003-04 are
as follows:
| |
2001-02’ |
2002-03’ |
2003-04’ |
| As
per accounts |
(+)
58.50 |
(+)
4.78 |
(-)
37.10 |
| Prior
period adjustment |
(+)
11.18 |
(+)
1.27 |
(-)
1.69 |
| Profit
/ Loss for the year |
(+)
47.32 |
(+)
3.51 |
(-)
38.79 |
| Surplus
(+) /Deficit (-) |
*
Subject to audit |
Cost
trend and production performance
| |
2001-02 |
2002-03 |
2003-04 |
| Sales
|
694.89 |
768.58 |
745.60 |
| Profit
before tax |
47.32 |
7.53 |
(-)
37.09 |
| Cost
of sales |
647.57 |
761.05 |
782.69 |
| Percentage
of Cost of sales to sales |
93.19 |
99.02 |
104.97 |
Sale
and cost of sale
| |
2001-02 |
2002-03 |
2003-04 |
| Sales
|
694.89 |
768.58 |
745.60 |
| Profit
before tax |
47.32 |
7.53 |
(-)
37.09 |
| Cost
of sales |
647.57 |
761.05 |
782.69 |
| Percentage
of Cost of sales to sales |
93.19 |
99.02 |
104.97 |
Value of production (Rs.in lakh)
| |
2001-02 |
2002-03 |
2003-04 |
| a)
Sales |
694.89 |
768.58 |
745.60 |
| b)
Closing stock of finished
goods |
154.18 |
385.37 |
434.06 |
| c)
Opening stock of finished goods |
133.46 |
154.18 |
385.37 |
| d)
Value of production (a+b) c |
715.61 |
999.77 |
794.29 |
|