Financial Highlights:

        During the financial year under report, the Federation achieved a sales turnover of Rs. 50451 lacs and suffered a net loss of Rs. 229.27 Lacs before taxation and Rs. 239.40 Lakhs after taxation. The summarized financial results for the year 2007-08 with comparative figures of the previous year are given below:

Particulars	(Figures in lakhs of Rs.)
	2007-2008	2006-07
A                Sales	50451.22	41673.80
Gross Margin     Other Receipts                     Total income for the year     % of Gross profit to sales     % of total income to sales B            Expenses     Establishment Expenses     Expenses on VRS     Administrative Expenses     Selling & Distribution Expenses      Depreciation	1068.78 289.57 1358.35 2.12 2.70   1123.55 _ 330.24 76.24   57.90	1167.74 671.87 1839.61 2.80 4.41   1169.70 23.85 334.08 82.59 52.02
Total Expenses for the year	1587.93	1662.25
Less Prior Period Adjustment (Net)	0.31	-
	1587.62	1662.25
Net Profit Before Tax & Prior Period  Adjs	(229.27)	177.36
D  Provision for Tax/FBT	10.13	70.50
Net Profit/ Loss after tax	(239.40)	106.86

FUND RAISING:

             The federation is in the process of obtaining Credit Limit/Short Term Loan from the leading banks viz. The Karnataka Bank Limited and The Federal Bank Ltd. for Rs. 20 Crores each in order to augment the business operations in domestic and export front.

Business Scenario

The Commodity-wise sales performance during the year 2007-08 together with the details for the previous year is as under :

 

Grocery

       The Grocery business increased from 164.80 Crores in 2006-07 to Rs. 232.82 crores during the year   under review. This was mainly due to efforts made to supply of foodgrains, various kinds of pulses, edible oil, spices and agricultural seeds to the cooperatives/state agencies and other buyers.  The Federation is likely to procure sizeable quantity of paddy  in few States during the Kharif 2008-09 under Minimum Price Support Scheme in order to boost the sales turnover.