Financial
 
   
 

        During the year 2002-2003, the Company constructed 3186 nos. of houses with a capital outlay of Rs.82.91 crores as against 3060 houses completed with a capital outlay of Rs.64.94 crores during 2001-2002. Taking into account the spill over items of construction upto 2001-2002 and the project sanctioned in 2001-2002, a total number of 3160 houses nearing completion.

        The Company had earned a profit of Rs.35.60 Lakhs after charging interest and taxes despite the Government reducing the centage charges from 12.5% to 7.5% and after allocating Rs.0.37 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 2003
(Rupees in Thousands)

    
 
  LIABILITY 31-3-2003     ASSETS 31-3-2003  
  Capital 10,000     Cash and Bank
  Balance		 16,90,464  
  Reserves & Surplus 45,400     Sundry Debtors 18,27,870  
  Borrowings 27,72,806     Other Current Assets 5,52,943  
  Other Liabilities
  and Provisions		 12,92,543     Loans and Advances 26,527  
      Fixed Assets 22,945  
  Total 41,20,749     Total 41,20,749  
 
 

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2003
(Rupees in Thousands)

    
 
  EXPENDITURE 31-3-2003     INCOME 31-3-2003  
  Operating Expenses 58,219     Centage 62,233  
  Interest and
  Commitment
  charges		 8,007     Interest Earned 7,303  
  Others 10,712     Other Income 10,962  
  Net profit for the
  year		 3,560      
  Total 80,498     Total 80,498