chapter viii wool & wollen textiles industry - Ministry of Textiles
chapter viii wool & wollen textiles industry - Ministry of Textiles
chapter viii wool & wollen textiles industry - Ministry of Textiles
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annual report 2011-12<br />
<strong>Ministry</strong> <strong>of</strong> <strong>Textiles</strong>. It was established<br />
in the year 1958, as “Indian Handicrafts<br />
Development Corporation Ltd” with the<br />
twin objective <strong>of</strong> (i) export promotion and<br />
(ii) trade development <strong>of</strong> handicraft and<br />
handloom products. In the Year 1962,<br />
it was renamed as “The Handicrafts &<br />
Handlooms Exports Corporation <strong>of</strong> India<br />
Limited”. The Corporation is presently a<br />
two star export house engaged in exports<br />
<strong>of</strong> handicraft and handloom products<br />
(including hand knotted <strong>wool</strong>en carpets<br />
and ready- made garments) besides<br />
undertaking export <strong>of</strong> gold and silver<br />
jewellery / articles. The Corporation was<br />
nominated in the year 1997-98 for import<br />
<strong>of</strong> bullion and sale in the domestic market.<br />
The performance <strong>of</strong> the Corporation in<br />
2010-11 in relation to major indicators is<br />
given below:-<br />
Turnover<br />
-5006.63 Crores<br />
Pr<strong>of</strong>it/ (Loss) before Tax -1.05 Crores<br />
Pr<strong>of</strong>it/ (Loss) after Tax<br />
- 0.92 Crores<br />
The Corporation has ended the year with<br />
a net pr<strong>of</strong>it after tax <strong>of</strong> Rs. 0.92 crores as<br />
against net loss <strong>of</strong> Rs. 1.16 crores last<br />
year. The turnaround has been achieved<br />
due to increase in turnover in all the three<br />
segments, viz., core group exports, bullion<br />
imports and retail sales, improvement<br />
<strong>of</strong> pr<strong>of</strong>it margin in core group, higher<br />
contribution to pr<strong>of</strong>itability from bullion<br />
imports, optimum utilisation <strong>of</strong> the idle<br />
assets and reduction in overheads.<br />
CAPITAL<br />
The Authorized and Paid up Capital <strong>of</strong><br />
the Corporation remained unchanged at<br />
Rs. 20.00 Crores and Rs. 13.82 Crores<br />
respectively during the year 2010-2011.<br />
The entire Paid up Capital has been<br />
subscribed by the Hon’ble President <strong>of</strong><br />
India.<br />
WORKING RESULTS<br />
During the year 2010-11, the Corporation<br />
has achieved the turnover <strong>of</strong> Rs.5006.63<br />
Table-12.15<br />
Year No.<strong>of</strong> events No. <strong>of</strong> participating<br />
agencies<br />
Total sale (Rs. in<br />
crore)<br />
2007-08 9 665 25.23<br />
2008-09 12 994 34.43<br />
2009-10 15 1123 44.89<br />
2010-11 19 1325 64.00<br />
2011-12 (upto Dec. 2011) 16 1421 69.02<br />
Table-12.16<br />
Turnover, Pr<strong>of</strong>it and Dividend: National Handloom Development Corporation<br />
(Rs. in lakh)<br />
Year Turnover Net Pr<strong>of</strong>it Dividend MOU rating<br />
2007-08 58867.17 104.52 22.00 Very Good<br />
2008-09 82948.34 393.84 80.00 Excellent<br />
2009-10 102078.03 303.51 61.00 Excellent<br />
2010-11 122674.71 431.97 87.00 Excellent<br />
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