INCORPORATION
Tamil Nadu Urban Finance and Infrastructure Development Corporation Ltd(TUFIDCO) was incorporated under the Companies Act, 1956 on 21-03-1990. The main object of the corporation is providing financial assistance and guidance to Local Bodies, Corporations, Boards, Authorities and parastatal agencies for their development schemes. It is also a Nodal Agency to implement Government programme/schemes in the State. The Corporate Identification Number (CIN) of TUFIDCO is "U65191TN1990SGC018909".
SHARE CAPITAL
| Authorised share capital | : | Rs.50.00 crore |
| Issued and Paid up | : | Rs.32.00 crore |
SHARE HOLDERS
Sl.No | Shareholders category | Amount of paid up share capital (Rs. In lakh)
| Share Holding in percentage |
| 1. |
Government of Tamil Nadu. |
3102.00 |
96.9375% |
| 2. |
Urban Local Bodies. |
78.00 |
2.4375% |
| 3. |
Housing and Urban Development Corporation Ltd. |
20.00 |
0.6250% |
| |
Total |
3200.00 |
100.0000% |
The financial highlights of the company
In addition to the Nodal Agency function for Government schemes, TUFIDCO is extending financial assistance from its own source to the Local bodies and Parastatal Agencies for various infrastructure development schemes. TUFIDCO has been continuously earning profit right from the year of inception i.e. from 1990-91.
SOURCE
The source of finance as on 31-03-2019 is given below.
| Rupees in Crore |
| A. | Capital Base (Authorised) | : | 50.00 |
| B. | Net Worth |
| | (i) Equity (Paid up)
(ii) Reserves
(a) General Reserve : 67.27
(b) Special Reserve : 61.35
Total : 160.62 | : | 32.00 |
| C. | Borrowings
Banks : 765.90
Public Deposits : 6.70
Total : 772.60 |
| | TOTAL (B) + (C) | : | 772.60 |
The financial performance of TUFIDCO for the last 3 years is as follows :
| Particulars |
2011-12 |
2012-13 |
2013-14 |
| Income |
54.17 |
50.79 |
41.77 |
| Expenditure |
41.87 |
32.90 |
22.04 |
| Gross Profit |
12.30 |
17.89 |
19.73 |
| Income Tax |
3.30 |
4.95 |
16.32 |
| Profit after Tax |
9.00 |
12.94 |
3.43 |
| Prior Period Adjustments |
0.00 |
0.05 |
0.01 |
| Profit for appropriation |
9.00 |
12.89 |
3.42 |
| Appropriation: |
| Transfer to Special Reserve |
2.35 |
2.67 |
2.41 |
| Transfer to General Reserve |
4.42 |
7.99 |
0.26 |
| Dividend Amount (including dividend tax) |
2.23 |
2.23 |
0.75 |
| Total |
9.00 |
12.89 |
3.42 |
| Dividend declared in percentage |
6.00% |
6.00% |
2.00% |
| Earnings per share |
28.12 |
40.28 |
10.68 |
| Establishment Expenses |
2.79 |
2.85 |
2.38 |
| % of Establishment expenses to the total turnover |
5.15% |
5.61% |
5.69% |
| Overheads |
0.64 |
0.67 |
1.41 * |
| % of Overheads to the total turnover |
1.18% |
1.32% |
3.37% |
* Service tax payment on management fee has been grossed up. i.e. shown in management fee income as well as in overhead expenditure. |