Financial
 
   
 

        During the year 2000-2001, the Company constructed 3016 nos. of houses with a capital outlay of Rs.81.91 crores as against 2543 houses completed with a capital outlay of Rs.70.88 crores during 1999-2000. Taking into account the spill over items of construction upto 1999-2000 and the project sanctioned in 2000-2001, a total number of 3369 houses nearing completion.

        The Company had earned a profit of Rs.34.55 Lakhs after charging interest and taxes despite the Government reducing the centage charges from 12.5% to 7.5% and after allocating Rs.4.50 crores out of the internally generated resources of the Company for attending to the special repairs to the quarters / buildings of the Police Department.
 
  BALANCE SHEET (ABRIDGED) AS ON 31st MARCH 2001
(Rupees in Thousands)

    
 
  LIABILITY 31-3-2001     ASSETS 31-3-2001  
  Capital 10,000     Cash and Bank
  Balance		 1856,045  
  Reserves & Surplus 44,030     Sundry Debtors 425,866  
  Borrowings 2842,761     Other Current Assets 1668,410  
  Other Liabilities
  and Provisions		 1068,851     Loans and Advances 9,166  
      Fixed Assets 6,155  
  Total 3965,642     Total 3965,642  
 
 

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2001
(Rupees in Thousands)

    
 
  EXPENDITURE 31-3-2001     INCOME 31-3-2001  
  Operating Expenses 54,139     Centage 61,246  
  Interest and
  Commitment
  charges		 7,445     Interest Earned 31,310  
  Others 55,062     Other Income 27,545  
  Net profit for the
  year		 3,455      
  Total 120,101     Total 120,101