Share Holding Pattern
The shares are held by Govt of Andhra Pradesh(40%),National Seeds Corporation Ltd.(34%)and Seed Growers(26%). As of date the corporation has 3,291 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 |
62.70 |
40 |
| 2. |
National Seeds Corporation Ltd., |
52.49 |
34 |
| 3. |
Seed Growers |
41.21 |
26 |
| Total |
156.40 |
100.00 |
The Board consists of 10 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 two 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 Chairman & Managing Director looks after the day-to-day Administration of the Corporation.There are 97 employees in the Corporation out of which 80 are regular Employees, 15 are Contract employees and 2 are on deputation.
The following Table shows the Financial Position of the APSSDCL at a glance from 2016-17 to 2018-19 and Budget for 2019-20.
|
(Quantity in Qtls.) / (Rs. in Lakhs) |
| S.NO |
Particulars |
2016-2017
(Actuals) |
2017-2018
(Actuals) |
2018-2019
(Provisional) |
2019-2020
(Budget) |
| 1. |
Production Qty.Including procurement |
8,52,703.00 |
8,80,493.00 |
8,26,070.00 |
8,36,494.00 |
| 2. |
Paid-up Capital |
156.40 |
156.40 |
156.40 |
156.40 |
| 3. |
Reserves & Grants |
7,289.58 |
7,410.72 |
8,790.33 |
8,000.00 |
| 4. |
Net Fixed Assets |
203.89 |
206.61 |
176.21 |
139.65 |
| 5. |
Turnover & Other Income |
55,948.66 |
61,245.69 |
49,974.32 |
51,260.05 |
| 6. |
Net Profit After Taxes |
92.53 |
77.61 |
182.92 |
365.45 |
Profit Sharing
The APSSDCL has been paying dividend to its Shareholders on the Equity Capital. The Dividend paid from 2016-17 to 2018-19 is given below..
The APSSDCL 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. |
2015-16 |
156.40 |
25% |
39.10 |
| 2. |
2016-17 |
156.40 |
25% |
39.10 |
| 3. |
2017-18 |
156.40 |
25% |
39.10 |
| 4. |
2018-19 |
156.40 |
50% |
78.20 |
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.