Salient features


 

  • 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 lac in 1989-90, and at present, the Company has the reserve and surplus of Rs. 3613.54 lac in the year 2014-15.
  2. The tentative turnover, expenditure and net profit of the Company for the financial year 2014-15 are Rs. 6692.01 lacs, Rs. 6030.93 lacs and Rs. 477.48 lac respectively.
  3. The Company has paid Rs. 54.09 lac as dividend to its shareholders (Government of Haryana) upto the year 2011-12.

 


Note:   Financial figures for the financial year 2000-01 to 2012-13 are based on audited balance sheets and for the financial year 2013-14 are based on un-audited/provisional balance sheet. Financial and physical figures for the financial year 2014-15 are also based 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 Lacs 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 2014-15 (tentative) in comparison to 2013-14 (un-audited) is given as under:

 

Particulars

2013-14
(Rs. in Lacs)

2014-15
(Rs. in Lacs)

Turnover

7612.08

6692.01

Expenditure

6750.35

6030.93

Gross operating profit

861.73

661.08

Income Tax

281.10

183.60

Net Profit

580.63

477.48

 

 

 

Turnover


The turnover of the Company 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 2000-01 to 2014-15 is given below in the table.

 

Turnover (Rs. in Lac) of the Company since 2000-01 to 2014-15 is given as under:

 

Year

Turnover (Rs. In Lac)

2000-01

1865.79

2001-02

1404.08

2002-03

1243.24

2003-04

1363.75

2004-05

1193.88

2005-06

1449.66

2006-07

2074.98

2007-08

1932.39

2008-09

3146.06

2009-10

3744.55

2010-11

4438.88

2011-12

4841.54

2012-13

8760.05

2013-14

7612.08

2014-15

6692.01

 

Turnover (Rs. in lac) of the Company since 2000-01 to 2014-15 is shown below in the bar chart:

 

 

 

 

Expenditure


The expenditure of the Company depends upon the purchase of trees, raw materials, administrative and other expenses. The expenditure of the Company since the financial year 2000-01 to 2014-15 is given below in the table.

 

Expenditure (Rs. in Lac) of the Company since 2000-01 to 2014-15 is given as under:

 

Year

Expenditure (Rs. In Lac)

2000-01

1534.14

2001-02

1279.13

2002-03

1062.39

2003-04

1195.55

2004-05

1034.03

2005-06

1202.76

2006-07

1844.35

2007-08

1536.01

2008-09

2570.24

2009-10

3198.34

2010-11

3784.63

2011-12

4244.94

2012-13

7821.70

2013-14

6750.35

2014-15

6030.93

 

Expenditure (Rs. in lac) of the Company since 2000-01 to 2014-15 is shown below in the bar chart:

 

 

 

Value Added Tax and Income Tax


The Company has been paying value added tax (VAT), service tax and income tax on the sales, purchase and profit. The contributions of value added tax and income tax since 2000-01 to 2014-15 are given below in the table. The value added tax and income tax as Rs. 302.88 lac and Rs. 183.60 lac and respectively was paid by the Company during the year 2014-15.

 

VAT and Income Tax paid by the Company since 2000-01 to 2014-15 are given as under:

 

Year

VAT (Rs. In Lacs)

Income Tax (Rs. In Lacs)

2000-01

91.52

113.89

2001-02

85.36

82.15

2002-03

60.57

63.11

2003-04

79.49

52.81

2004-05

65.63

47.18

2005-06

60.48

85.85

2006-07

57.54

117.72

2007-08

49.51

129.94

2008-09

80.73

177.45

2009-10

101.45

179.80

2010-11

137.10

227.12

2011-12

164.30

169.88

2012-13

111.82

305.00

2013-14

270.97

227.88

2014-15

302.88

183.60

 

VAT and Income Tax paid by the Company since 2000-01 to 2014-15 are shown below in the bar chart:

 

 

 

Profit


The tentative net profit of the Company for the financial year 2014-15 is Rs. 477.48 lacs. The profits before tax and after tax of the Company since 2000-01 to 2014-15 are given below in the table.

 

Profits before and after tax of the Company since 2000-01 to 2014-15 are given as under:

 

Year

Profit Before Tax (Rs. In Lac)

Profit After Tax (Rs. In Lac)

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

661.08

477.48

 

The profits before tax and after tax of the Company since 2000-01 to 2014-15 are also shown below in the bar chart and through the line graph:

 

a) Bar chart:

 

 

b) 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 2014-15 is given below in the table. The Company has paid Rs. 1219.00 lac to the Forest Department as royalty during the year 2014-15.

 

Royalty (Rs. in Lac) paid to the Forest Department by the Company since 2000-01 to 2014-15 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

 

Royalty (in Rs. lac) paid to the Forest Department by the Company since 2000-01 to 2014-15 is shown below in the bar chart:

 

 

 

Dividend


The Board of Directors of the Company approved the payment of interim dividend at the rate of 30% i.e. Rs. 6,00,900/- for the share capital of Rs. 20,03,000/- to the Government of Haryana for the financial year 2011-12 and accordingly the interim dividend has been paid to the Principal Secretary, Government of Haryana, Finance Department. The dividend paid to the shareholders (Government of Haryana) since 2000-01 to 2011-12 is given below in the table. The Company has so far paid Rs. 54.09 lacs dividend to the shareholders (Government of Haryana) till 2011-12. However, the interim dividends for the financial year 2012-13, 2013-14 and 2014-15 are yet to be declared by the Board of Directors of the Company.

 

Dividend (Rs. in Lac) paid to the shareholders (Government of Haryana) since 2000-01 to 2011-12 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

 

Dividend (Rs. in Lac) paid to the shareholders (Government of Haryana) since 2000-01 to 2011-12 is shown below in the bar chart:

 

 

 

Reserve and Surplus


As per the provisional balance sheet for the year 2013-14, the reserve and surplus as on 31.03.2014 was Rs. 4027.31 lac. During the year 2014-15, the tentative reserve and surplus as on 31.03.2015 is Rs. 3613.54 lac. The said reserve and surplus in the form of fixed deposit receipts, cash in bank and cash in hand 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 31.03.2015 are given as under:

 

Region and HO

Cash in Hand

Bank Balance

FDRs

Total

Ambala

0

1816040

0

1816040

Kurukshetra

158

6646394

186867

6833419

Rohtak

283

4297755

0

4298038

Hisar

124

3847885

0

3848009

Jind

67

3639029

0

3639096

Gurugram

0

4181644

1250000

5431644

Head Office

97

36863215

298624426

335487738

Total

729

61291962

300061293

361353984

 

 

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. Vivek Saxena, IFS, Chief General Manager,
Haryana Forest Development Corporation Limited, Haryana Bhawan, Copernicus Marg, New Delhi.
Telephone 011-23384510, Email:

 


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