BIDAR SAHAKAR SAKKARE KARKHANE (BSSK) LTD, HALLIKHED

COMPANY PROFILE
India is one of the largest producers of sugar in the world. It has large number of sugar manufacturers located through out the country

BSSK LTD. Hallikhed :

The Bidar co-operative sugar factory hallikhed (s.f.) was established in the year 1961-62 under dynamic leadership of Mr. Gurupadappa m. kheny. The factory started on the basis of co-operative society system.

Estimated cost of project was 3 cores and this occupies the area around 168 acres and its crushing capacity was 1250 TCD in 1969, in the year 1991-92 it was increased to 2000 TCD. Now it is 3500TCD. This factory is located near KARANJA River and it is 30 km away from the Bidar and just 4 km away from the hallikhed.

Bidar is centre place for transportation because NH-9 Passes here and it also connects various talukas and districts.

The company has more than 1000 employees including administration and technical experts. Human resources being the most important asset of the factory, all the efforts are made to enhance the motivational level and efficiency of the employees.

OBJECTIVES OF THE COMPANY
The objectives of the company is to encourage proper development of agricultural industries among members on co-operative lines by introducing the principles of co-operatives and joint forming methods with a view to secure the advantages of modern large scale agricultural to the owner or tenant cultivators of land.

To teach the members improved methods of cultivation of sugar cane and supply seed ,material, implements etc. ,for growing sugar cane and other crops to promote agriculture and industrial education among members.

To raise the share capital and to borrow capital necessary either on the security of the property of the society or without such security from the co-operative societies or from government. Or from financial institution like the industrial financial co-operation of India. The life insurance corporation of the India, scheduled banks etc. for the purpose of the societies.

To enter into contract with co-operative societies and with the outside persons for the purchase and sale of goods and to appoint agents on salary or commission basis for such purchases or sales.

To give members advances on the security of sugar cane and loans in kind for the raise of crops and with the development of agriculture with prior permission of the director of sugar and additional registrar of the co-operative societies, Bangalore.

To install machinery for utilization of byproducts and to buy raw materials and sell finished products in the course of utilizing and marketing the products.

PROFILE OF THE COMPANY ::
NAME OF THE FACTORY :
THE BIDAR SAHAKAR
SAKKARD KARKHANI
LTD. HALLIKHED.

Year of Establishment :1961-62
Crushing Season : 1969-70
Location of the Unit : Just 4 KMS Away from Hallikhed, Dist:Bidar.
Registration Number : 1961
Registration Date : 1903/RCN/1961
Address for Correspondence :
The Bidar Sahakar Sakkare Karkhane Ltd.,
Hallikhed (S.F.)
Phone No : 08472-225534

NATURE OF BUSINESS CARRIED
SUGAR PRODUCTION :
THE PLANT IS CAPABLE OF crushing about 3,500tones per day and would be producing export quality crystal white sugar the latest techniques in the country. The factory has got one of the most advanced technologies in India. Robust and reliable equipment of latest design high efficiency and low power Consumption have been installed for continuous operation all around the year. Due to abundant cane available in the area of operation, a minimum duration for the season is of 6 to 7 months which is assured i.e. to say about 6,53,043 lake tones of sugarcane was crushed during the last season to produce around 6,46,500 lake quintals of sugar. When this is done, the turn over of the company right from the beginning would be Rs. 120 cores.

POWER GENERATION :
The company ha undertaken to establish a mega project to generate power using non conventional energy fuel i.e. Bagasse which is a by product coming pout of sugarcane and available in plenty location employing very high pressure 967 (ate) and high efficiency boiler and turbo generator sets. About 4.5 MW POWER IS GENERATED DURING THE SEASON AND WILL Be used for captive consumption.

BY–PRODUCTS :
THE company has ambitious plans to utilize various by – products in a systematic way as follows:

BAGASSE :
Power generation
Paper production
Particle board
Cattle feed and furniture

MOLASSES :
BUTANOL
YEAST
INDUSTRIAL ALCOHOL
HIGH PROTEIN MOLASSES

FILTER CANE:
MANURE
REFINED WAX

VISION-MISSION POLICY
VISION :
The setting up of the sugar factory in Hallikhed that would enable to create employment opportunity in rural areas to the unemployed specially the weak and backward section of that community not in the sugar unit in hallikhed but also in the ancillary units enabling them to increase their purchasing power and consequent leading to higher living standards

MISSION :
Production of white crystal sugar to meet the increased demand for domestic consumption
Co-generation of 4.5 MW power for its own use.

QUALITY POLICY :
Providing good quality seed material and other input
Providing training in sugarcane cultivation etc.

AREA OF OPRATION :
Its area of operation is extended up to 30 kms. Of radius from the factory site.

BIDAR
HUMNABAD
BASAVAKALYAN
BHALKI
CHITGUPPA
Gulbarga
Manna-e KHALLI
HALLIKHED
INCLUDING SMALL HAMLETS OF BIDER DISTRICT AS WELL AS GULBARGA DISTRICT

ACHIEVEMENTS :
In the year 2008-09 Cane crushed 633043 Metric Tone,

Sugar Bagged 461960 Quintals, Recovery 10.71%.
In the year 2009-10 Cane crushed 197341 Metric Tone,

Sugar Bagged 187305 Quintals, Recovery 9.57%.
In the year 2010-11 Cane crushed 339779 Metric Tone,

Sugar Bagged 325030 Quintals, Recovery 9.57%.

OWNERSHIP PATTERN :
THE B.S.S.K :
Company is a co- operative society in which the boards of directors are elected by shareholders. Among the directors one will be the chairman and another will be the vice – chairman. Their term is 3 years. Chairman will be elected from the board of directors every year.
Chairman and board of directors will decide the policy matters of the factory. Managing director will be appointed by govt. of Karnataka. The chairman will be the chief executive

BOARD OF DIRECTORS
Mr Ishwar Khandre Chairman
Mr. Basavaraj N. Jabshetty Vice Chairman
Mr. G. Lachhappa MD
Mr. B. S. Basavareddy Director
Mr. K. N. Taladkar Director
Mr.V.H.PATIL Director
Mr.B.S.Patil Director
Mr.R.M.Patil Director
Mr.shankar rao S.Patil Director
Mr.dattatrayya V.D. Director
Mr.parameshvar rao Patil Director

Administration department :-
Administration department is the main department in the organization in their is total number of 71 employees working in this department B.S.S.K Ltd is dividend into 8 sections and they are as fallows.
Share sections.
Time and labor welfare.
Purchase section.
Store section.
Telephone operating.
Sales section.
Securities.
Account and cash

Share section –The share section is one of the important sections because more than half of the total authorized capital is collected from share holders according to low the factories authorized share capital is Rs 20 cores at present the number of share holders are 15641 and capital collected format the share holders is Rs 88.2.64 lakes Factory issues manly 5 types of shares.
A - class - Producer member.
B - class - Government.
C - class - Non-Growers or ordinary member.
D - Class - Co-Operative societies.
E - Class - Nominal members.

Share value
The face value of the each share 250 Rupees shares Admission fee – 10 Rupees

Share fee-5 Rupees
Total share value – 265 Rupees a sum of Rs.250 shall be payable on application the balance shall be calls in installments fixed by the BOD.

Recording of Information:-
All the day to day transactions are recorded promptly in journal and posted to ledger at the end of the year these records are used to prepare financial statement the main financial statement prepared are balance sheet.
Profit and loss account.
Fund flow statement and cash flow
Statement records like tax payment.
Shift - 06am To 2pm
Shift - 02pm To 10pm
Shift - 10pm To 06am

Finance department: -
Company was able to get the working capital finance to the extent of Rs, 42.52 cores. The bankers of the company have expended their fullest co-operation in gander leasing working capital requirement which enable the company to make payments. Of cane bills of the formers the company has paid Rs.700 MT as first installment for the cane supply during the year the finance department of the company hosts highly talented, qualified. Finance idling pay role calculation and crediting salaries, maintaining complete books of the accounts and internal auditing.

MANAGEMENT TEAM
Mr.Ishwar Khandre Chairman
Mr.Basavaraj N.jabshetty Vice-Chairman
Mr.G.Lachhappa MD
Mr.G.Papanna GM
Mr.S.K.Gumme Chief Chemist
Mr.shivshankar patil Cane Development Officer
Mr.R.B.Masimade Account Officer
Mr.D.K.Swamy Personal Manager
Mr.Madeppa Purchase Assistant

INTERNAL AUDITOR
M r. K.K. Attala CA, Bidar

EXTERNAL AUDITOR
Mr. S. Rangaswamy, C A

LOCATION DETAILS :
THE BIDAR Sahakar Sakkare Karkhane Ltd. HALLIKHED [S.F] Tq-Humnabad, Dist- Bidar.

INFRASTRUCTURE FACILITY:
Facility for Employees:
Bonus is 8.33% based on the worker’s salary.
Quarters, hospital etc. Facility and allowances are given.
Canteen facility is made available to the employees.
Promotion facilities available
Permanent workers get one increment every year.
Factory provides two pair of uniforms and one pair of shoes every two years to the workers.