Salient features


 

  • Purchase of trees of different species from farmers, Panchayats and institutions within and outside the State on competitive rates.
  • Purchase of trees of different species from farmers, Panchayats and institutions within and outside the State on competitive rates.
  • Felling and conversion of trees from forest and non-forest lands.
  • Sale of round timber, pulpwood and firewood from the sale depots by open auction.
  • Manufacture and supply of nursery bags and woven bags for the Forest Department.
  • Manufacture and supply of barbed wire and concrete fence post to the Forest Department.
  • Government of Haryana declared HFDC as approved source for round and sawn materials of various timber, wooden furniture, firewood and wooden crates.
  • Government of Haryana declared HFDC as approved source for supply of barbed wire.
  • Executing various projects like arboriculture, landscaping and plantations for Ministry of Defence, Northern Railway, NHAI, NBCC and Delhi Forest Department.
  • Supply of wooden crates to various Government agencies such as Food & Supplies Department, Haryana Warehousing Corporation, CONFED, HAFED and Haryana Agro Industries Corporation etc.
  • Manufacture and supply of dual desks, tables and chairs to various Government Schools.

 

 

Financial highlights


  1. The Company had started with a capital of Rs. 20.03 lakh in 1989-90, and at present, the Company has the reserve and surplus of Rs. 5463.35 lakh in the year 2019-20.
  2. The tentative turnover, expenditure and net profit of the Company for the financial year 2019-20 are Rs. 6755.94 lakhs, Rs. 6302.55 lakhs and Rs. 324.65 lakh respectively.
  3. The Company has paid Rs. 84.14 lakh as dividend to its shareholders (Government of Haryana) upto the year 2017-18.


Note:  Financial figures for the financial year 2010-11 to 2017-18 are based on Audited Balance Sheets and for the financial year            2018-19 and 2019-20 are based on un-audited/provisional Balance Sheet and on reports submitted by the respective General Managers of Haryana Forest Development Corporation Limited. Turnover includes sales, other income of stocks (increase/decrease). Expenditure includes purchase, administrative & other expenses and depreciation etc.

 

 

Share Capital and Shareholders


The authorized share capital of the Company is Rs. 5,00,00,000/- (Rupees Five Crore only) divided into 50,000 equity shares of Rs. 1,000/- each. The paid up share capital of the Company is Rs. 20,03,000/- (Rupees Twenty Lakhs Three Thousand only). There are 2003 shares of Rs. 1000/- each allotted by the Company. Two thousand shares have been allotted in the name of Governor of Haryana through the Principal Secretary, Forest Department and one share each held by three shareholders of the State Government. They are:

            i)          Financial Commissioner and Principal Secretary, Finance Department
            ii)         Financial Commissioner and Principal Secretary, Forest Department
            iii)        Principal Chief Conservator of Forests

 

 

Financial position and working results


The profit of the Company has increased/decreased due to supply of furniture to various schools, wooden crates to various Government procurement agencies such as Food & Supplies Department, Haryana Warehousing Corporation, CONFED and Haryana Agro Industries Corporation and other activities like arboriculture, landscaping and plantations projects being executed for Ministry of Defence, Northern Railway, NHAI, NBCC and Delhi Forest Department. The summary of tentative financial results for the year 2019-20 (tentative) in comparison to 2018-19 (unaudited).

 

Particulars

2019-19
(Rs. in Lakhs)

2019-20
(Rs. in Lakhs)

Turnover

7851.09

6755.94

Expenditure

7469.39

6302.55

Gross operating profit

381.70

453.39

Income Tax

106.75

128.74

Differed Tax

(0.67)

-

Net Profit

275.63

324.65

 

 

 

Turnover


The turnover of HFDC depends upon the sale of wood/forest produce, nursery bags, barbed wire, furniture, wooden crates and income from various projects like arboriculture, landscaping and plantations etc. The turnover of the Company since the financial year 2010-11 to 2019-20 is given below in the table.

 

Turnover (Rs. in Lakh) of the Company since 2010-2011 to 2019-20 is given as under:

 

 

Year

Turnover (Rs. In Lac)

2010-11

4438.88

2011-12

4841.54

2012-13

8760.05

2013-14

7612.09

2014-15

5390.66

2015-16

7373.63

2016-17

5419.54

2017-18

3943.01

2018-19

7851.09

2019-20

6755.94

 

Turnover (Rs. in Lakh) of the Company during 2010-11 to 2019-20:

 

 

 

 

 

Expenditure


The expenditure of the corporation depends upon the purchase of trees, raw materials, administrative and other expenses. The expenditure of the Company since the financial year 2010-11 to 2019-20 is given below in the table.

 

Expenditure (Rs. in Lakh) of the Company since 2010-11 to 2019-20.

 

Year

Expenditure (Rs. In Lac)

2010-11

3784.63

2011-12

4244.94

2012-13

7821.70

2013-14

6750.35

2014-15

4993.50

2015-16

6807.67

2016-17

5360.82

2017-18

3826.02

2018-19

7469.39

2019-20

6302.55

 

Expenditure (Rs. in lakh) of the Company since 2010-11 to 2019-20

 

 

 

 

VAT, GST AND INCOME TAX


The Company has been paying value added tax (VAT), GST and income tax on the sales, purchase and profit. The contributions of VAT, GST and income tax since 2010-11 to 2019-20 are given below in the table. The VAT, GST and income tax as Rs. 2291.35 lakh, 872.75 lakh and Rs. 2512.66 lakh respectively was paid by the Company during the year 2017-18. However, the auction GST Act, the corporation is now paying only GST.

 

VAT, GST and Income Tax paid by the Company since 2010-11 to 2019-20 are given as under:

 

Year

VAT (Rs. In Lacs)

GST (Rs. In Lakhs)

Income Tax (Rs. In Lacs)

2010-11

137.10

0

227.12

2011-12

164.30

0

169.88

2012-13

111.82

0

305.00

2013-14

270.97

0

227.88

2014-15

302.88

0

135.18

2015-16

407.37

0

193.90

2016-17

141.68

0

26.00

2017-18

22.95

206.33

23.55

2018-19

0

666.42

106.75

2019-20

0

1032.08

128.74

 

VAT, GST and Income Tax paid by the Company since 2010-11 to 2019-20

 

 

 

 

 

Profit


The tentative net profit of the Company for the financial year 2019-20 is Rs. 324.65 lakhs. The profits before tax and after tax of the Company since 2000-01 to 2019-20 are given below in the table.

 

Profits before and after tax of the Company since 2000-01 to 2019-20 are given as under:

 

Year

Profit Before Tax (Rs. In Lakh)

Profit After Tax (Rs. In Lakh)

2000-01

331.65

191.04

2001-02

124.95

41.96

2002-03

180.84

116.75

2003-04

168.20

130.29

2004-05

159.85

81.69

2005-06

246.90

188.76

2006-07

230.63

145.75

2007-08

396.38

255.65

2008-09

564.17

365.60

2009-10

530.89

347.58

2010-11

654.25

422.34

2011-12

596.60

422.76

2012-13

938.35

628.79

2013-14

861.73

580.63

2014-15

397.16

267.61

2015-16

565.96

284.99

2016-17

-80.43

-80.33

2017-18

84.17

61.73

2018-19

381.70

275.63

2019-20

453.39

324.65

 

The profits before tax and after tax of the Company since 2000-01 to 2019-20 are also shown below in the bar chart and through the line graph:

 

    • Bar chart:

     


    • Line graph:

     

     

     

    Royalty paid to the Forest Department


    The Government of Haryana and Forest Department has earmarked some of the Forest Department areas to the Company for the purpose of felling of trees as per approved working plans. The Company pays price of such trees to the Forest Department as royalty. The Company also pays purchase price of trees of different species to the farmers, institutions and individuals as determined by the Standing Committee comprised by the Board of Directors. In case of dead and dry trees, the Company pays 65% of the actual purchase price of trees as determined by the Forest Department. The royalty paid to the Forest Department since 2000-01 to 2019-20 is given below in the table. The Company has booked Rs. 1854 lakh to the Forest Department as royalty during the year 2019-20.

     

    Royalty (Rs. in Lakh) paid to the Forest Department by the Company since 2000-01 to 2019-20 is given as under:

     

    Year

    Royalty (Rs. In Lac)

    2000-01

    846

    2001-02

    600

    2002-03

    483

    2003-04

    527

    2004-05

    418

    2005-06

    486

    2006-07

    583

    2007-08

    566

    2008-09

    943

    2009-10

    968

    2010-11

    560

    2011-12

    464

    2012-13

    876

    2013-14

    1327

    2014-15

    1219

    2015-16

    1697

    2016-17

    571

    2017-18

    430

    2018-19

    1674

    2019-20

    1854

     

     

     

     

    Royalty (in Rs. lakh) paid to the Forest Department by the Company during 2000-01 to 2019-20

     

    Dividend


    The Board of Directors of the Company approved the payment of dividend @ 30% on paid-up capital of Rs. 20,03,000/-  i.e. Rs. 6,00,900/- paid to the Government of Haryana for the financial year 2017-18 and accordingly the dividend has been paid to the Principal Secretary, Government of Haryana, Finance Department. The dividend paid to the shareholders (Government of Haryana) since 2002-03 to 2017-18 is given below in the table. The Company has so far paid Rs. 84.14 lakhs dividend to the shareholders (Government of Haryana) till 2017-18. However, the dividends for the financial year 2018-19 are yet to be declared by shareholder of the Company.

     

    Dividend (Rs. in Lakh) paid to the shareholders (Government of Haryana) since 2002-03 to 2017-18 is given as under:

     

    Year

    Dividend (Rs. In Lac)

    2002-03

    10.02

    2003-04

    3.00

    2004-05

    3.00

    2005-06

    2.00

    2006-07

    10.02

    2007-08

    4.01

    2008-09

    6.01

    2009-10

    4.01

    2010-11

    6.01

    2011-12

    6.01

    2012-13

    6.01

    2013-14

    6.01

    2014-15

    6.01

    2015-16

    6.01

    2016-17

    0

    2017-18

    0

     

     

     

     

                    Dividend (Rs. in Lakh) paid to the shareholders (Government of Haryana) during 2002-03 to 2017-18

     

     

     

    Reserve and Surplus


    As per the provisional data received from field units for the year 2019-20, the reserve and surplus as on 31.03.2020 was Rs.            lakhs. The said reserve and surplus in the form of cash in hand, cash in bank and fixed deposit receipts are given below in the table. Besides, there was some closing stock in depots and also advances were given to the agencies/firms for purchase of raw material etc. are shown in the below table.

     

    Reserve & Surplus (in Rs.) of the Company as on 31.03.2020 are given as under:

     

    Region and HO

    Cash in Hand

    Bank Balance

    FDRs

    Total

    Ambala

    0.00

    3710219.63

    0.00

    3710219.63

    Kurukshetra

    0.00

    1693870.82

    486476.00

    2180346.82

    Yamunanagar

    0.00

    1696526.69

    0.00

    1696526.69

    Karnal

    0.00

    1458494.21

    0.00

    1458494.21

    Sirsa

    0.00

    470112.43

    0.00

    470112.43

    Hisar

    111.00

    6192391.98

    0.00

    6192502.98

    Rohtak

    509.00

    313252.34

    0.00

    313761.34

    Gurugram

    0.00

    1065534.48

    6869057.00

    7934591.48

    Rewari

    0.00

    20892.35

    3002876.00

    3023768.35

    Head Office

    79.00

    138420425.42

    406532722.00

    544953226.42

    Total

    699.00

    155041720.35

    416891131.00

    571933550.35

     

 

Disclaimer

All efforts have been made to make the information as accurate as possible, Haryana Forest Development Corporation Limited will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Any discrepancy found may be brought to the notice of Haryana Forest Development Corporation Limited.

 

For any query regarding this Website

Please contact the Nodal Officer: Sh. Kulwinder Singh, General Manager (HQ),
Haryana Forest Development Corporation Limited, Bays No. 27-28, Sector-4, Panchkula
Telephone 0172-2583620, Email: gm.panchkula@hfdc.gov.in

 


Website Designed & Maintained By webkraftsolutions.com