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KARNATAKA HANDLOOM DEVELOPMENT CORPORATION LIMITED

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Presentation on theme: "KARNATAKA HANDLOOM DEVELOPMENT CORPORATION LIMITED"— Presentation transcript:

1 KARNATAKA HANDLOOM DEVELOPMENT CORPORATION LIMITED
Presented by Shri MOHAMMAD MOHSIN , I A S Managing Director KARNATAKA HANDLOOM DEVELOPMENT CORPORATION LIMITED PRIYADARSHINI THE ORIGINAL HOME OF HANDLOOMS

2 The activities of Karnataka Handloom Development Corporation
1 Established in 1975 under the Companies Act 1956 and covered under 20 Point Programme of late Prime Minister Smt. Indira Gandhi. KHDC has been in the services directly with the weavers and provides raw materials and technical support to them. Provides continuous employment to the weavers Objective is to promote handloom industry and to facilitate economic self reliance of weavers KHDC has been in the services of 12,810 Handloom Weavers across Karnataka KHDC generates Indirect Employment to over 1.00 lakh people

3 NO. OF Intensive Handloom Development Projects – 9 Working at :
PRODUCTION UNITS a) Cotton Projects NO OF WEAVERS : 11,586 NO. OF Intensive Handloom Development Projects – 9 Working at : BANAHATTI RABAKAVI RAMADURGA ILKAL RANEBENNUR GULBARGA BASAVAKALYAN BHAGYANAGAR E.O.C.P GADAG-BETAGERI NO. OF SUB CENTRES INCLUDING COLLECTION CENTRES: 132 AVERAGE PRODUCTION PER MONTH: QTY : LAKH MTRS VALUE: Rs LAKHS 2

4 b) SILK PROJECTS d) Raw Material Bank :
No. of Weavers 810 No. of Silk Raw Material Cum Procurement Depots working at : Anekal Kallur Tiptur Kollegal Molkalmur Chinthamani  c) Preloom Process House, To provide a ready warp beams to weavers situated at Banhatti and Ranebennur  d) Raw Material Bank : To ensure timely supply of raw material to weavers,the raw material bank working at Banhatti.  e) Postloom Process House : To provide high quality of processed material to meet the consumer needs, working at Peenya, Bangalore 3

5 4 KHDC is Implementing Vidya Vikas Scheme – Supply of uniforms to school children Subsidised Saree Dhoti Scheme to BPL families in the State MADILU – Health kit to Mothers

6 5

7 Vidya Vikas Scheme – (V V S)
6 The Scheme offers assured livelihood to weavers and free uniform for children - launched in Hon’ble Chief Minister has extended this Scheme to High School girl students from The order on KHDC is to the tune of Rs crores for 99.96 lakh meters of cloth VVS production at the rate of 9 to 10 lakh meters with loom coverage of 8000 looms takes 12 months time Basic cost of production on yarn, processing and weavers wages account for Rs crores.

8 Vidya Vikas scheme –Issue to be resolved
7 As per the decision taken under the Chairmanship of Hon’ble Textile Minister on along with Principal Secretary to Hon’ble Chief Minister of Karnataka, following points were discussed and resolved as below:- Entering into MOU with Education Department for 3 to 5 years. Hon’ble Textile Minister and Principal Secretary to Hon’ble Chief Minister of Karnataka have informed to the Managing Director of KHDC, Textile Commissioner and Secretary to Government, C&I Dept, Secretary to Government, Education Department [Primary Education] and Secretary to Government [Finance Department] for submission of proposals to entering the MOU with KHDC. Principal Secretary to Hon’ble Chief Minister of Karnataka has informed that, following action is to be initiated for release of advance to KHDC under VVS:-

9 (c) Revision of Rates of Uniforms:
8 (1) 1/3 amount is to be released to KHDC during September only for the supplies of subsequent academic year. (2) 50% money is to be released to KHDC during the period from Feb-April (3) Balance is to be released immediately after supply of uniform before June. (c) Revision of Rates of Uniforms: Principal Secretary to Hon’ble Chief Minister of Karnataka has indicated that, minimum 4-5% upward revision has to be made every year.

10 Subsidised Saree Dhoti Scheme (SSDS) -
9 Subsidised Saree Dhoti Scheme (SSDS) - Implemented since 1985 BPL Card Holders are the beneficiaries at subsidised rates for Sarees, Dhoties and Lungi varieties. Weavers working under this scheme are aged and women weavers of North Karnataka The allocation in the Budget has reduced from an all time high of Rs crores to Rs.2.00 crores during Basic cost of production on yarn, weavers conversion charges & processing charges accounts for Rs crores Subject Committee of C&I Department has recommended to provide at least Rs crores

11 10 Durry Preparation

12 OUR PREMIER PRODUCTS : Traditional Silk Sarees Printed Silk Sarees
Cotton Sarees Polyester Sarees Chudidhar Set Silk Kurtis / Made Ups Soham Shirts / Silk Shirts Designer Silk Sarees Silk Ties Jacquard Bedsheets Nisarga Bedsheets Table Linen Bed Linen Jamkana (Carpet) Pillow Cover Towels Turkish Towels Woolen Blankets Janatha Sarees / Dhoti 11

13 Woman Weaver with Jacquard Loom
12 Woman Weaver with Jacquard Loom

14 WELFARE SCHEMES TO WEAVERS
 a) Health Package : (Through ICICI, Lombard) Reimbursement of Medical expenditure of the weaver, spouse and legitimate children. Eligibility is Maximum of Rs P.A Weavers Contribution Rs P.A. GOK Contribution Rs P.A. GOI Contribution Rs P.A. Total Rs P.A Weavers covered Nos. b) Insurance :  Under Mahatma Gandhi Bhunakar Yojana In case of natural death Rs. 60,000, accidental death – Rs.150,000 and partial disablement Rs. 75,000 and permanent disablement Rs.150,000 will be paid from Insurance Company. Weavers contribution Rs. 40 p.a. - G.O.I Contribution Rs.150 p.a. G.O.K. Contribution Rs. 40 p.a. - LIC Social Security Rs.100 p.a. ========================================== Total Rs. 330  ========================================= Weavers covered 5,553 13

15 ii) Sahashikshana Yojana
14   ii) Sahashikshana Yojana Rs per student for each Academic year : Nos. Rs lakhs   -    733 Nos. Rs lakhs Nos. Rs lakhs Nos. Rs lakhs Nos. Rs lakhs Nos. Rs lakhs c) Thrift Fund Scheme: Under this scheme weavers have to contribute 8% on their earnings and 8% Govt. contribution (4% GOK + 4% GOI) plus interest on both. The scheme period is for 15 years. No. of weavers covered d ) Funeral expenditure :  Rs. 3,000 per weaver will be disbursed from KHDC on the death of the weaver to his/her family member towards funeral expenses w.e.f May  

16 e )Housing (Living Cum Worksheds) :
15 e )Housing (Living Cum Worksheds) :    Centrally Sponsored Scheme: i) Under this scheme 1,634 LCWS have been constructed and allotted to the weavers, 50% Grant and 50% Loan. Cost of the house Rural Rs. 35,000, and Urban Rs. 45,000. ii)Constructed through Rajeev Gandhi Rural Housing Corporation : 288 LCWS are sanctioned, out of which 287 is completed. Dutch Assisted Project : Under this project, 1942 LCWS have been constructed and allotted to the weavers at 19 places.

17 16 Living cum Workshed

18 17 Weavers Special Package Component by GOK sanction during , , & [Rs.in lakhs] (proposed) Installation of looms & accessories Upgradation & modernization of existing looms Skill upgradation & training for weavers Interest subsidy on working capital loan Working Capital Grant for Raw Material Purchases Reimbursement of 20% rebate Modernisation of PTPH Interest on thrift fund SCP/STP weavers package Reimbursement of VAT ( & 2007&08) …………. …………. ………… ………….. …….…… …………. ………… ………….. GOK has earmarked a sum of Rs crores towards capital investment and Rs 3.00 crores for construction of Nekarara Bhavan in the State Budget

19 Ensuring Better Wages to Weavers
18 Ensuring Better Wages to Weavers Corporation has been revising conversion charges to weavers once in 2-3 years to compensate inflation In line conversion charges has been revised upwards in the range of % to % on various varieties w.e.f & 10 % from , 20% from The additional financial impact for 2009 – 10 on Cotton / Polyester Rs Lakhs Silk varieties Rs Lakhs This is to ensure stop migration of weavers from Handloom sector.

20 Procurement of Cloth from weavers
19 Procurement of Cloth from weavers (in lakhs Mtrs)

21 20 Segment wise Sales (Rs. in lakh )

22 Five Year Analysis Production – Sales – Issue of Yarn – Conversion Charges
21 (Rs. in lakhs ) SL NO Particulars 1 F.G.PRODUCTION a) In Lakh Meters b) Value in Lakh Rs. 128.94 107.36 108.83 99.98 96.97 2 Sales 6,998.38 8,770.44 9,872.35 3 Issue Of Yarn 2,327.02 4 Conversion Charges 915.82 944.39 968.22 1,075.29

23 Turn Around of KHDC From Loss to Profit
22 From Loss to Profit Annual turn over is in the range of Rs to Crores Objective is to reach Crores during and achieved Rs crores during In the last 30 years, it has made marginal profits during 11 financial years & during 2006 – 07, & the Corporation has made a Profit of Rs Crore & 0.92 Crore & Rs crore respectively. Net worth has turned positive by Rs crores as on

24 Net Loss & Profit Account 2004 -05 to 2009-10
23 (Value in Lakhs) Sl no YEAR AMOUNT 1 2 3 436.70 4 92.41 5 14.04 6 (-)

25 (Rs. in lakhs ) 24 Particulars 2004-05 2005-06 2006-07 2007-08 2008-09
Net loss / profit 436.70 92.41 14.04

26 NETWORTH OF KHDC SL. NO YEAR NETWORTH 1 2 3 4 5 6 7 8 9 10 2000 – 01
25 NETWORTH OF KHDC (Rs. in lakhs ) SL. NO YEAR NETWORTH 1 2 3 4 5 6 7 8 9 10 2000 – 01 2001 – 02 2002 – 03 2003 – 04 2004 – 05 2005 – 06 2006 – 07 2007 –08 2008 – 09 185.23 (-)984.54 (-) 43.54 (-)448.98

27 PROFIT & LOSS ACCOUNT - HIGHLIGHTS
26 PROFIT & LOSS ACCOUNT - HIGHLIGHTS [Rs.in lakhs] PARTICULARS Income Sales Other 236.11 475.40 634.10 935.31 Variation in Stock 537.37 202.97 524.87 Prior period adjustments 227.37 218.02 413.02 58.73 - Expenditure Cost of Production Administration Expenses Selling & Distribution expenses 653.91 431.70 545.99 715.95 639.90 641.30 Finance Charges 382.44 420.00 481.31 465.68 458.24 810.09 Depreciation 39.51 40.83 40.21 39.49 37.34 36.85 21.67 19.07 Net Loss/Profit 436.70 92.41 14.04

28 BALANCE SHEET - HIGHLIGHTS
27 BALANCE SHEET - HIGHLIGHTS Reflecting Net worth of KHDC [Rs.in lakhs] PARTICULARS Funds Employed Share Capital Reserves & Surplus 935.76 Long Term Loan Short Term Loan Application of Funds Fixed Assets 792.18 843.23 814.43 793.80 823.50 816.94 Investments 6.26 Net Current Assets Mis.Expenditure 543.89 774.92 466.89 278.41 89.93 - Accumulated Loss Net Worth

29 Liabilities & Commitment of K.H.D.C as on 31-03-2010
28 Liabilities & Commitment of K.H.D.C as on [Rs.in lakhs] Cash Credit Loan from Consortium Banks Interest on Cash Credit loan (12.5 % to 13%) 300.64 O D on Fixed Deposit Additional O.D against receivables Interest on O D 379.36 Govt. Loan (VRS) Interest on Govt. loan (VRS) 352.43 Guarantee Commission to GOK 24.11 Sundry Creditors

30 DDHPY Commitment v/s. Achievement
29 DDHPY Commitment v/s. Achievement (Rs. in crores) Year Projected Turnover Actual Turnover Net Profit as per DDHPY Actual Net Profit 100.00 76.43 17.32 - 5.58 69.98 19.55 - 3.53 107.00 87.70 8.60 4.37 112.00 94.81 9.35 0.92 115.00 86.63 9.50 0.14 - 98.72 (-) 11.23

31 HIGHLIGHTS OF KEY PROPOSALS
30 HIGHLIGHTS OF KEY PROPOSALS (Rs in crores) 1) Coverage of Handloom Weavers under NREGP with necessary budgetary support : 20.00 2) Extension of 10% GOI – Rebate on sale of Handloom Cloth 2.00 3) Central Assistance for Subsidised Saree Dhoti Scheme for 72 lakh BPL families 108.00 Total 135.60

32 31 Thank You ‘PRIYADARSHINI HANDLOOMS’


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