FINANCE

JOINT STOCK COMPANIES

Public Limited Companies.

Public Limited companies.-Public limited companies, other than joint-stock banks and investment trusts numbered 13 in the district in 1956. They were engaged in some form of productive activity such as trading, manufacturing, transport, etc. These companies required capital for the purpose of acquiring and maintaining plant, equipment, buildings and other fixed assets and to hold current assets in the form of finished and partly finished products, raw materials and stores, liquid cash balances, Government and industrial securities etc. The funds required may be obtained from net profits and stock capital, loans, and debentures, etc.

Classification.

Of the thirteen companies, three were engaged in the generation of electricity and its supply and three in the wholesale trade other than that in foodgrains. Of the remaining, six belonged to the manufacturing group and one was engaged in agricultural products. Of these, one each was registered in the years 1942, 1949, 1950 and 1955, two in 1946, four in 1947 and three in 1948.

The companies have been classified according to the nature of the business transacted by them. In the manufacturing group, are included iron and steel industry, sugar, textile industry and drug industries. However, for indicating their financial position for the year 1956, the manufacturing group is further divided into groups for facilitating industry-wise study of financial position for the year under review:-

TABLE No. 19.

STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR 1956.

[Note.-The table shows the liabilities and assets position of the public limited companies, industry-wise. Out of 13 public limited enmpanies in the district, the Balance Sheets for the year 1956 were available only in respect of nine companies. Only six broad heads under liabilities and assets sides respectively have been provided to indicate in general the companies' financial position for the year under review.]

continued.

TABLE No. 19-contd.

continued.

There were in the district thirty-one private limited companies working in 1956. Their classification shows that (i) eight were in the transport group; (ii) nine were in the manufacturing group; (iii) eight were in trading and (iv) six were in the miscellaneous group. The distribution of the nine companies in the manufacturing group was as given below:-

Out of thirteen companies in the trading and selling group, six were selling agencies and two were managing agencies. The miscellaneous group included dairy and stock raising companies.

The paid up capital of these companies stood at Rs. 68,63,050. There were only two companies which had a paid up capital above Rs. 15,00,000 viz., the Madhavnagar Cotton Mills Ltd., and the United Agencies. Those that had paid up capital between Rs. 5,00,000 and Rs. 10,00,000 numbered three and those between Rs. 1,00,000 and Rs. 5,00,000 numbered five.

The total paid up capital at the various groups is shown below;-

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