Financial

The Corporation was incorporated in the year 1979 with authorised capital of Rs.500 lakhs. The paid up capital of the Corporation is Rs.155.04 lakhs. The Corporation availed bank loans of Rs.261.308 lakhs under IDA assisted multi state cashew project under NABARD refinance availing the loan from three commercial banks namely 1) State Bank of India, 2) Bank of India and 2) Union Bank of India. The principal along with the interest have been repaid to the concerned banks during the 1995-96 and the Corporation became free from loan burden since then. The corporation has sound financial position and consistently showing profit. The Balance Sheet and Profit & Loss Account for the last 4 years is given below.

 

BALANCE SHEET OF THE CORPORATION

I.  EQUITY & LIABILITIES As on 31st March, 2014 As on 31st March, 2015
1. Share Capital. 1,55,04,000 1,55,04,000
2. Reserves & Surplus. 31,72,62,995 34,73,17,873
3.  Non-Current Liabilities 2,57,97,689 3,13,68,877
4.  Current Liabilities 2,88,81,110 10,18,56,346

TOTAL

38,74,45,794

49,60,47,096

II.  ASSETS
1. Non-Current Assets
     i) Fixed Assets 15,63,10,289 17,04,87,743
    ii) Long Term Loans and Advances 1,37,67,179 2,01,43,519
2. Current Assets 21,73,68,326 30,54,15,834

TOTAL

38,74,45,794

49,60,47,096

Payment of Dividend to Government of Odisha :
The Orissa State Cashew Development Corporation Ltd. has paid dividend to the Government amounting to Rs.3,48,82,000/- (Rupees Three crore fortyeight lakhs eightytwo thousand) only up to 2014-15 out of its net profits for the said years against paid up equity share capital of Rs.1,55,04,000.00. The details of the dividends paid to the Government since 1995-96 are given below.
Year of dividend paid Paid up equity share capital  (in Rs.) Rate of dividend declared (in %) Amount of   dividend                  (in Rs.)
1995-1996 15404000 2.0 308080
1996-1997 15504000 3.0 465120
1997-1998 15504000 5.0 775200
1998-1999 15504000 7.5 1162800
1999-2000 15504000 7.5 1162800
2000-2001 15504000 10.0 1550400
2001-2002 15504000 10.0 1550400
2002-2003 15504000 10.0 1550400
2003-2004 15504000 10.0 1550400
2004-2005 1550400 10.0 1550400
2005-2006 1550400 10.0 1550400
2006-2007 15504000 10.0 1550400
2007-2008 15504000 10.0 1550400
2008-2009 15504000 10.0 1550400
2009-2010 15504000 10.0 1550400
2010-2011 15504000 20.0 3100800
2011-2012 15504000 20.0 3100800
2012-2013 15504000 20.0 3100800
2013-2014 15504000 20.0 3100800
2014-2015 15504000 20.0 3100800
TOTAL 34882000