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THE ANDHRA PRADESH STATE SEEDS DEVELOPMENT CORPORATION LTD., HYDERABAD

SHARE HOLDING PATTERN

The shares are held by Govt of Andhra Pradesh(38.99%),National Seeds Corporation Ltd.(32.64%)and Seed Growers(28.37%). As of date the corporation has 5,982 shareholders..

The Corporation was set up with active joint participation of Government of Andhra Pradesh, Government of India and Shareholder growers of the State. Government of India through National Seeds Corporation Limited extended Equity Support (World Bank through Government of India under the National Seed Project III released Grants-in-aid).

S.No

Particulars

Amount
(Rs. in lakhs)

% of Share
holding

1.

Govt. of Andhra Pradesh

107.51

38.99

2.

National Seeds Corporation Ltd.,

90.00

32.64

3.

Seed Growers

78.21

28.37

Total

275.72

100.00

The Board consists of 11 Directors who manages the overall affairs of the Corporation. All the Directors of the Board are appointed once in three years according to the Principle of Proportional representation.

The Number of Directors appointed by each class of Shareholders shall be in proportion to the Paid up Capital held by that class and at present four Directors are appointed by Government of A.P and another four Directors are appointed by National Seeds Corporation Ltd., and three Directors are elected representing Grower Shareholders.

The Special Chief Secretary to Government, Agriculture & Co-operation Department, Government of Andhra Pradesh is the Chairperson of the Board of Directors. The Vice Chairperson & Managing Director looks after the day-to-day Administration of the Corporation.

There are 311 employees in the Corporation out of which 268 are regular Employees and 43 are Contract employees.

The following Table shows the Financial Position of the Corporation at a glance from 2007-08 to 2009-10 and Budget for 2010-11.

(Rs. in Lakhs)
S.No PARTICULARS 2007-08
(Actuals)
2008-09
(Actuals)
2009-10
(Actuals)
2010-11
(Budget)
1

Production Qty.
Including procurement

861600 1364882 1356402 1528942
2

Paid-up Capital

276 276 276 276
3

Reserves & Grants

1535 5679 6337 6900
4

Net Fixed Assets

933 951 1083 1593
5

Turnover & Other Income

29887 46348 58332 63818
6

Net Profit After Taxes

102 197 824 957
7
Dividend to Share holders
i) % of Dividend
ii) Amount Rs. in lakhs
 
20 %
65
 
20 %
65
 
30 %
83
 
-
-

PROFIT SHARING

The Corporation has been paying dividend to its Shareholders on the Equity Capital. The Dividend paid from 2004-05 to 2008-09 is given below..

The Corporation was set up with active joint participation of Government of Andhra Pradesh, Government of India and Shareholder growers of the State. Government of India through National Seeds Corporation Limited extended Equity Support (World Bank through Government of India under the National Seed Project III released Grants-in-aid).

S.No

Year

Paid up Share Capital (Rs. in lakhs)

% of Dividend

Amount of Dividend
(Rs. in lakhs)

1 2004-05 275.73 25% 78.60
2 2005-06 275.73 27% 74.94
3 2006-07 275.73 25% 68.93
4 2007-08 275.73 20% 64.51
5 2008-09 275.73 20% 64.51
6 2009-10
275.80 30% 82.74
7 2010-11
275.80 - -

FUTURE PLANS

To establish a strong Research Development facility and to develop and produce new       varieties / hybrids of different crops..

To suitably alter the production programme by converting the product mix so as to bring in       high value low volume crop seeds and to increase the Production of Foundation seeds..

To explore Public Private partnership in Production and Marketing of Hybrid seeds viz.,       Maize, Sunflower, Cotton and Vegetables..

To promote and increase the interstate marketing..

To modernize Plant & Machinery to improve efficiency of the seed quality produced..

To export seeds to other Countries in order to improve Corporations financial strength and       earn foreign exchange...

Disclaimer           Copyright @ 2010-11 Andhra Pradesh State Seeds Development Corporation Ltd,,  Hyderabad. All Rights Reserved.                 Designed & Maintained by  NIC,  Hyderabad