Financial
 
   
 

        During the year 2001-2002, the Company constructed 3060 nos. of houses with a capital outlay of Rs.64.94 crores as against 3016 houses completed with a capital outlay of Rs.81.91 crores during 2000-2001. Taking into account the spill over items of construction upto 2000-2001 and the project sanctioned in 2001-2002, a total number of 3509 houses nearing completion.

        The Company had earned a profit of Rs.41.85 Lakhs after charging interest and taxes despite the Government reducing the centage charges from 12.5% to 7.5% and after allocating Rs.1.02 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 2002
(Rupees in Thousands)

    
 
  LIABILITY 31-3-2002     ASSETS 31-3-2002  
  Capital 10,000     Cash and Bank
  Balance		 1485,071  
  Reserves & Surplus 45,216     Sundry Debtors 1896,902  
  Borrowings 2550,616     Other Current Assets 41,785  
  Other Liabilities
  and Provisions		 844,831     Loans and Advances 13,380  
      Fixed Assets 13,525  
  Total 3450,663     Total 3450,663  
 
 

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2002
(Rupees in Thousands)

    
 
  EXPENDITURE 31-3-2002     INCOME 31-3-2002  
  Operating Expenses 55,804     Centage 48,865  
  Interest and
  Commitment
  charges		 4,494     Interest Earned 16,754  
  Others 14,382     Other Income 13,246  
  Net profit for the
  year		 4,185      
  Total 78,865     Total 78,865