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TAMIL NADU URBAN INFRASTRUCTURE DEVELOPMENT AND RENEWAL FUND(TNUIDRF)

The Government of Tamil Nadu vide G.O.Ms.No.49, Municipal Administration and Water Supply department, dated 30.03.2007 have ordered for the creation of Tamil Nadu Urban Infrastructure Development and Renewal Fund w.e.f.1.4.2006. The Fund will be operated by the Chairman and Managing Director, TUFIDCO who is the Officer on Special Duty, MA&WS dept., for the purpose of operating this fund.

The Fund consists of the following Centrally sponsored scheme:

  Jawaharlal Nehru National Urban Renewal Mission.
  Urban Infrastructure Development Scheme for Small and Medium Towns
  Metropolitan Infrastructure Development Scheme.
  Mega City Programme
  Integrated Development scheme for Small and Medium Towns
  Infrastructure Gap Filling fund
  Operation and Maintenance Gap filling fund.
  Scholar ship fund.
  Entertainment tax subsidy fund.
  Incentive Fund.

FINANCE

  SOURCE

The source of finance as on 31-03-2013 (Unaudited) is given below:

(Rupees in Crore)
ACapital Base (Authorised) 50.00
BNet Worth 
   (i) Equity (Paid Up)32.00
   (ii) Reserves:
     (a) General reserve67.01
     (b) Special reserve58.95
Total157.96
CBorrowings
   Banks609.21
   Public deposits11.73
   Total620.94
TOTAL (B+C) 778.90

  PROFITABILITY

TUFIDCO has been continuously earning profit right from the year of inception, i.e., from 1990-91.

The financial performance of TUFIDCO for the last 3 years is as follows:

(Rupees in Crore)
PARTICULARS2010-112011-122012-13
Income57.8054.1750.79
Expenditure43.9841.8732.90
Gross Profit13.8212.3017.89
Income tax3.763.304.95
Profit after tax10.069.0012.94
Prior Period Adjustments0.500.000.05
Profit for appropriation10.569.0012.89
 
Appropriation:
Transfer to Special Reserve2.802.352.67
Transfer to General Reserve5.534.427.99
Dividend Amount (Including Dividend Tax)2.232.232.23
Total10.569.0012.89
Dividend declared in percentage6.00%6.00%6.00%
Earnings per share33.0128.1240.28
Establishment Expenses2.032.792.85
% of Establishment expenses to the total turnover3.51%5.15%5.61%
Overheads0.770.640.67
% of Overheads to the total turnover1.33%1.18%1.32