chapter viii wool & wollen textiles industry - Ministry of Textiles

annual report 2011-12
Table 12.7
The details of Cost of Scheme & Means of Finance as approved by the Cabinet
are given as under:-
(Rs. in Crore)
S.N. Means of expenditure Total 2011-12 12-13 13-14 14-15
1 Capital expenditure 62.90 62.90
2 VRS 17.10 17.10
3 Expenditure on marketing infrastructure 10.00 5.00 5.00
development of Brand and Showrooms
4 Land conversion cost 47.35 47.35
5 Employees Dues
5(i) Retirement Gratuity upto 31-03-2011 8.04 8.04
5(ii) Statutory Dues (EPF & ESI) upto 31-3- 8.61 8.61
2011
5(iii) Salary payable 2010-11 (excluding NTC 23.60 23.60
bridge loan)
6 Dues to subsidiary companies 4.60 4.60
7 Municipal Taxes 0.60 0.60
8 Misc. Creditors 2.10 2.10
9 SBI Loan settlement 11.50 11.50
10 NTC Bridge Loan settlement (along with 9.40 9.40
interest)
11 Additional Working Capital and contingency
54.77 11.82 10.94 11.06 20.95
12 Cash Losses 77.47 31.54 28.91 17.02
Grand Total 338.04 190.11 98.90 28.08 20.95
Table 12.8
Means of Finance
S.N. Component Total 2011-12 2012-13 Purpose
(Rs. in Crore)
Grant from GOI
1 For VRS 17.10 17.10 For payment of VRS to
reduce the surplus manpower.
2 For operating Losses F.Y.
2009-10 and 2010-11
Total (A) 84.09 84.09
Loan from GOI
3 Interest free GOI Bridge Loan
against sale of land
66.99 66.99 To reduce the financial burden
of Company and make
net worth of the Company
positive.
128.60 128.60 To clear outstanding loans
and making surplus land
on encumbered for sale.
175