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					       The Chennimalai Industrial Weavers Co-Operative P & S Society., Ltd.,
              No.A.A 399                      Chennimalai-638051.

                           SHORT NOTES AS ON 31.03.2007

CHENNIMALAI :

       Chennimalai, a village situated in Perundurai Taluk of Erode District in Tamilnadu is
not only a pilgrim Centre but also famous in and out of this Country for its “HANDLOOM
PRODUCTS”.

OBJECT :

       In order to enhance the Socio-Economic status of the poor loomless Handloom
Weavers, by providing continuous employment and fair wages, the Chennimalai Industrial
Weavers Co-op Society was organized under the Cooperative Sector.


       1   Date of Registration                    : 29.09.1962

       2   Date of Starting                        : 02.11.1962

       3   Area of operation                       : All Villages in Kangayam,
                                                    Perundurai and Erode Taluks.

      4.     Members Details                       : MALE        FEMALE      TOTAL
              i. Weaver Members                      1203         401         1604
                Other Members                             77      927         1004
              ii. Members Share Capital               : Rs.1,28,79,190/-

      5.   No. of Looms                               : 2057

             a. Active Looms                           : 1604
             b. Idle Looms                            : 453
             c. No.of Looms engaged in
                Export Production                      : 1040

             d. No.of Looms engaged in
                Regular Production                    :    564


                                                                                  Contd.. 2.
                                                      -2-

           6.       Cash Credit Sanctioned (Rs. in Lakhs).

                                    S.No        Year               C.C
                                   1         2004-2005             800.00
                                   2         2005-2006             900.00
                                   3         2006-2007            1200.00


           7. Varieties Produced:
               Bed Sheets, Pillow Covers, Furnishing, Polyester Suitings and Export
                      Varieties.

8.         Total Production & Sales (Figures in Lakhs) :

                S.No           Year            Production                 Sales
                                              Meter Value         Meter      Value
                1           2003-2004         36.34 1892.28         39.58     2303.05
                2           2004-2005         53.50 2933.45         51.88     3442.93
                3           2005-2006         34.94 1718.40         29.44     1745.00
                4           2006-2007         39.77 1802.58         37.92     2128.70

8.a        Out of Sl.No. 8. Export Variety Production & Sales :

           S.No              Year               Production         Sales
                                             Meter    Value Meter       Value
           1.             2003-2004           29.56   1458.51 32.70    1975.50
           2.             2004-2005           50.37     2773.11     47.30     3133.15
           3.             2005-2006           27.09     1353.52     23.51     1424.80
           4.             2006-2007           27.97     1369.86     25.22     1513.37

      9.        Closing Stock At 31.03.2007(Figures in Lakhs)


                                    Meter:    13.49     Value : 682.25


                                                                                        Contd..3.
                                             -3-
10.   Working Results (Figures in Lakhs) :

                                       Patronage
             S.No.        Year            Rebate         Net Profit
               1.       2003-2004           65.00                  71.01
               2        2004-2005          155.00                158.44
               3.       2005-2006           65.00                  76.66
               4.       2006-2007             -                  120.20
                                                                    (Tentative)


11.          Yarn Requirements Per Month:

                        S.No         Count           Bundles
                                 s
                         1.    20                            -
                         2.    2/17s                       600
                         3.    2/40s                     12000
                         4.    2/40 SF                       -
                         5.    6s                        18800
                         6.    2/30s                       200

12. Average Production Per Loom Per Day                  :           10.00 Mts
13. Average Monthly Earnings Per Member                  : Minimum Rs. 1200.00
                                                             Maximum Rs. 2000.00
14. Due From Co.optex – 31.03.2007                       :           Rs. 12.77 Lakhs
15. Rebate Subsidy Due – 31.03.2007                      :           Rs. 302.76 Lakhs

16. WELFARE SCHEMES FOR MEMBERS:
      i.   TAMILNADU CO.OP HANDLOOM WEAVERS’ SAVINGS AND SECURITY SCHEME:
             2296 Members are now Participating in this Scheme, the following
      amounts are Deposited into Government under this scheme.
               a.       Members Contribution                     : Rs. 233.98 Lakhs
               b.       State Govt. Contribution                 : Rs. 87.70 Lakhs
               c.       Central Govt. Contribution               : Rs. 69.78 Lakhs
               d.       Interest                                 : Rs. 50.80 Lakhs
                                                                  -----------------------
                        TOTAL                                    : Rs. 442.26 Lakhs
                                                                 --------------------------

  49 Nominees are Benefitted - L.I.C Amount Rs.14,75,000/-
  Co-optex Amount                           Rs. 4,21,000/-
                                                                                     Contd.4.
                                                :4:
ii. TAMILNADU CO.OP HANDLOOM WEAVERS FAMILY PENSION SCHEME:
          1427 Members are now Participating in this Scheme. Nominess of 21
 deceased members are getting each Rs. 350.00 per month as Family pension.


iii. TAMILNADU CO.OP HANDLOOM WEAVERS OLD AGE PENSION SCHEME:
           135 Members are getting each Rs. 200.00 per month as old age pension.

iv.   MEDICAL AID:
      In order to provide Medical aid to the Members and their Families, two
      Primary Health Centers have been constructed. A qualified Doctor is
      visiting the P.H.C every day and provides free medical treatment. Medicine
      also is supplied free of cost.


                     S.No                Year                 Amount Spent
                                                      Under This Head. (Rs)
                     1.                2003-2004                 1,17,000.00
                     2.                2004-2005                 2,71,605.00
                     3.                2005-2006                 2,99,000.00

17.     EDUCATION AID:

          In order to encourage members’ children in education free text books and note
      books are supplied.


                      S.No             Year                   Amount Spent
                                                      Under This Scheme. (Rs)
                      1.           2003-2004                       3,46,000.00
                      2.           2004-2005                       2,80,000.00
                      3.           2005-2006                       2,85,000.00

18.     HEALTH PACKAGE SCHEME: (ICICI LOMBARD)

        2186 Members are participating in this scheme. Last year (2006-2007) 1149
mediclaims were submitted under this scheme.
                                                                               Contd..5.
                                          :5:
19.   FAMILY PLANING SCHEME INCENTIVE:
               Our Society is granting a sum of Rs. 150.00 for every members
          having not more than two living children and who or whose spouse
          undergo medical termination of pregnancy.


20.   HOLIDAY WAGES:
                         All members of this Society are paid Holiday wages for the 9
      National and festival Holidays in a year, based on the Average per day
      wages earned during the previous one month period.


             S.No                  Year         Amount of Holiday Wages
                                                Paid.     (Rs).
               1.              2003-04                        14,03,076.00
               2.              2004-05                           24,10,512.00
               3.              2005-06                           14,68,438.00

21.    IMMOVABLE AND MOVABLE ASSETS:


             S.No        Details                         Value
                                                         (Rs. in Lakhs)
                    1.   Land (5.16 Acre)                           1.11
                    2.   Buildings                                 81.49
                    3.   Looms                                    117.44
                    4.   Looms Accessories                         37.42
                    5.   Computer                                   1.90
                    6.   Generator                                  1.88
                    7.   Van                                       12.80
                    8.   Others                                    18.90
                                   TOTAL                          272.94




                                                                               Contd..6.
                                                    :6:
22.    JUTE H.D.C:
             Under this scheme a sum of Rs. 8.52 Lakhs has been received from Govt.
         40 Looms have been installed, 60 members have been trained in Jute Weaving.
        Because of very poor market for Jute Blended goods, now Cotton Varieties are
        produced in these looms.

23.    WEAVER NAGAR:

           228 Houses were allotted to our society under this Scheme. State
       Government has given Rs.7,000/- and Central Government has given
       Rs.18,000/- totally Rs.25,000/- has been given as Government subsidy for
       each house.

24.    MERIT AWARDS:
      Best Society Award            :               1974 – 1975
                                                    1989 – 1990
                                                    1990 – 1991     By Co.op Union
                                                    1999 – 2000     By Tamilnadu Govt.

        SIRUSTI Award                   :           1994 – 1995     By Co.optex Chennai.

      Best Society Award                :           1994 – 1995      By Govt.of India
                                                                      (Merit Certificate).
                                                    1995 – 1996      By Govt. of India
                                                                     (Gold Medal).

      Best Exporter Award           :               1999 & 2000       By Govt. of
                                                                      Tamilnadu.
      Silver Medal for Deemed
                        Exports             :         2001 – 2002      By HEPC

      Best Society Award                        :     2004            By Co-op. Union

      Ist Prise for Export Furnishing           :     2001            By DH&T on 14.09.2006

      Best Society Award                        :                     By Co-op Union - on
                                                                      14.11.2006
                                                                                    Contd..7.
                                                          :7:


25.             FUTURE EXPANSION PLAN:

                            We have proposed to increase our production capacity by installing more
handlooms which will in turn help the poor loom less handloom weavers to earn more
and rise their socioeconomic status.


                            Out of the 2057 Handlooms, 1605 Handlooms are engaged in the Production
of exportable varieties. The exportable varieties produced by these looms are sold
through merchant exporters.


                            Our Society is earnestly making efforts to export handloom goods directly in
the future.




        Place : Chennimalai                                                  The Chennimalai Industrial
        Date : 31.03.2007                                                       Weavers. Co.op P & S
                                                                                Ltd., No. A.A. 399.



D\Chencoptex\Sakthi\Notes
Chencoptex                              A.A.399




     
            SHORT NOTES


The Chennimalai Industrial Weaver's Co-operative
  Production & Sale Society Ltd., No.A.A.399
     Post Box No.38, Chennimalai – 638 051.
       The Chennimalai Industrial Weavers Co-Operative P & S Society., Ltd.,
              No.A.A 399                      Chennimalai-638051.

                           SHORT NOTES AS ON 31.05.2007

CHENNIMALAI :

       Chennimalai, a village situated in Perundurai Taluk of Erode District in Tamilnadu is
not only a pilgrim Centre but also famous in and out of this Country for its “HANDLOOM
PRODUCTS”.

OBJECT :

       In order to enhance the Socio-Economic status of the poor loomless Handloom
Weavers, by providing continuous employment and fair wages, the Chennimalai Industrial
Weavers Co-op Society was organized under the Cooperative Sector.


       1   Date of Registration                    : 29.09.1962

       2   Date of Starting                        : 02.11.1962

       3   Area of operation                       : All Villages in Kangayam,
                                                    Perundurai and Erode Taluks.

      4.     Members Details                       : MALE       FEMALE       TOTAL
              i. Weaver Members                      1206         397         1603
                Other Members                           77        927         1004
              ii. Members Share Capital               : Rs.1,34,97,680/-

      5.   No. of Looms                               : 2057

             a. Active Looms                           : 1522
             b. Idle Looms                            : 535
             c. No.of Looms engaged in
                Export Production                      : 850

             d. No.of Looms engaged in
                Regular Production                    : 672


                                                                                  Contd.. 2.
                                                       -2-

            6.       Cash Credit Sanctioned (Rs. in Lakhs).

                                     S.No       Year               C.C
                                    1         2002-2003             775.00
                                    2         2003-2004            1000.00
                                    3         2004-2005             800.00
                                    4         2005-2006             900.00
                                    5         2006-2007            1200.00
                                    6         2007-2008            1040.00

            7.       Varieties Produced:
                      Bed Sheets, Pillow Covers, Furnishing, Polyester Suitings and Export
                       Varieties.

8.          Total Production & Sales (Figures in Lakhs) :

                 S.No           Year         Production          Sales
                                            Meter Value   Meter     Value
                 1           2002-2003      48.85 2368.70   50.46 3013.51
                 2           2003-2004      36.34 1733.10   39.57 2303.05
                 3           2004-2005      53.50 2933.45   51.88 3442.93
                 4           2005-2006      34.94 1718.40   29.44 1745.00
                 5           2006-2007      39.77 1802.58   37.92 2128.70
                 6         up to May – 2007  3.76 174.38      4.86     272.00

8.a         Out of Sl.No. 8. Export Variety Production & Sales :

            S.No              Year              Production                Sales
                                              Meter   Value         Meter      Value
            1.             2002-2003                                 43.86    2121.43
            2.             2003-2004                                 29.56    1458.51
            3.             2004-2005           50.37     2773.11     47.30    3133.15
            4.             2005-2006           27.09     1353.52     23.51    1424.80
            5.             2006-2007           27.97     1369.86     25.22    1513.37
            6.           up to May – 2007       0.83       45.67      3.37     213.26

      10.        Closing Stock At 31.05.2007(Figures in Lakhs)


                                     Meter:    12.40     Value : 637.66


                                                                                        Contd..3.
                                             -3-
10.   Working Results (Figures in Lakhs) :

                                       Patronage
             S.No.        Year            Rebate     Net Profit
               1.       2002-2003             127.65         127.70
               2        2003-2004              65.00           71.01
               3.       2004-2005             155.00         158.44
               4.       2005-2006              65.00           76.66
                        2006-2007              50.00           50.37
                                                              (Tent)

11.          Yarn Requirements Per Month:

                        S.No         Count           Bundles
                                 s
                         1.    20                           20
                         2.    2/10s                       200
                         3.    2/17s                     3000
                         4.    2/40s                       600
                         5.    2/40 SF                      80
                         6.    2/30s                     2000
                         7.    2/32 Acralic            500 K.g
                         8.    450 Artsilk             100 K.g
                         9.    2/10

12. Average Production Per Loom Per Day                  :           10.00 Mts
13. Average Monthly Earnings Per Member                  : Minimum Rs. 1200.00
                                                             Maximum Rs. 2000.00
14. Due From Co.optex – 31.05.2007                       :           Rs. 31.20 Lakhs
15. Rebate Subsidy Due – 31.05.2007                      :           Rs. 345.90 Lakhs

16. WELFARE SCHEMES FOR MEMBERS:
      i.   TAMILNADU CO.OP HANDLOOM WEAVERS’ SAVINGS AND SECURITY SCHEME:
             2199 Members are now Participating in this Scheme, the following
      amounts are Deposited into Government under this scheme.
               a.       Members Contribution                     : Rs. 233.98 Lakhs
               b.       State Govt. Contribution                 : Rs. 87.70 Lakhs
               c.       Central Govt. Contribution               : Rs. 69.78 Lakhs
               d.       Interest                                 : Rs. 50.80 Lakhs
                                                                  -----------------------
                        TOTAL                                    : Rs. 442.26 Lakhs
                                                                 --------------------------
  50 Nominees are Benefitted up to 31.05.2007 - L.I.C Amount Rs.15,55,000/-
  Co-optex Amount                                            Rs. 4,95,000/-
                                                                                     Contd.4.
                                                :4:
ii. TAMILNADU CO.OP HANDLOOM WEAVERS FAMILY PENSION SCHEME:
          1446 Members are now Participating in this Scheme. Nominess of 21
 deceased members are getting each Rs. 350.00 per month as Family pension.


iii. TAMILNADU CO.OP HANDLOOM WEAVERS OLD AGE PENSION SCHEME:
           138 Members are getting each Rs. 400.00 per month as old age pension.

iv.   MEDICAL AID:
      In order to provide Medical aid to the Members and their Families, two
      Primary Health Centers have been constructed. A qualified Doctor is
      visiting the P.H.C every day and provides free medical treatment. Medicine
      also is supplied free of cost.


                     S.No                Year                 Amount Spent
                                                      Under This Head. (Rs)
                     1.                2001-2002                 3,44,000.00
                     2.                2002-2003                 3,92,000.00
                     3.                2003-2004                 1,17,000.00
                     4.                2004-2005                 2,71,605.00
                     5.                2005-2006                 2,99,000.00

17.     EDUCATION AID:

          In order to encourage members’ children in education free text books and note
      books are supplied.


                      S.No             Year                   Amount Spent
                                                      Under This Scheme. (Rs)
                      1.           2001-2002                       2,04,000.00
                      2.           2002-2003                       2,04,000.00
                      3.           2003-2004                       3,46,000.00
                      4.           2004-2005                       2,80,000.00
                      5.           2005-2006                       2,85,000.00

18.     HEALTH PACKAGE SCHEME: (ICICI LOMBARD)

        2186 Members are participating in this scheme.
                                                                               Contd..5.
                                           :5:
19.   FAMILY PLANING SCHEME INCENTIVE:
               Our Society is granting a sum of Rs. 150.00 for every members
          having not more than two living children and who or whose spouse
          undergo medical termination of pregnancy.


20.   HOLIDAY WAGES:
                         All members of this Society are paid Holiday wages for the 9
      National and festival Holidays in a year, based on the Average per day
      wages earned during the previous one month period.


             S.No                  Year          Amount of Holiday Wages
                                                 Paid.     (Rs).
               1.              2002-03                         21,33,000.00
               2.              2003-04                         14,03,000.00
               3.              2004-05                         24,10,512.00
               4.              2005-06                         14,68,438.00
               5.              2006-07                         18,24,710.00

21.    IMMOVABLE AND MOVABLE ASSETS:


             S.No        Details                         Value
                                                         (Rs. in Lakhs)
                    1.   Land (5.16 Acre)                           1.11
                    2.   Buildings                                 81.49
                    3.   Looms                                    117.44
                    4.   Looms Accessories                         37.42
                    5.   Computer                                   1.90
                    6.   Generator                                  1.88
                    7.   Van                                       12.80
                    8.   Others                                    18.90
                                   TOTAL                          272.94




                                                                               Contd..6.
                                                    :6:
22.    JUTE H.D.C:
             Under this scheme a sum of Rs. 8.52 Lakhs has been received from Govt.
         40 Looms have been installed, 60 members have been trained in Jute Weaving.
        Because of very poor market for Jute Blended goods, now Cotton Varieties are
        produced in these looms.

23.    WEAVER NAGAR:

           228 Houses were allotted to our society under this Scheme. State
       Government has given Rs.7,000/- and Central Government has given
       Rs.18,000/- totally Rs.25,000/- has been given as Government subsidy for
       each house.

24.    MERIT AWARDS:
      Best Society Award            :               1974 – 1975
                                                    1989 – 1990
                                                    1990 – 1991     By Co.op Union
                                                    1999 – 2000     By Tamilnadu Govt.

        SIRUSTI Award                   :           1994 – 1995     By Co.optex Chennai.

      Best Society Award                :           1994 – 1995      By Govt.of India
                                                                      (Merit Certificate).
                                                    1995 – 1996      By Govt. of India
                                                                     (Gold Medal).

      Best Exporter Award           :               1999 & 2000       By Govt. of
                                                                      Tamilnadu.
      Silver Medal for Deemed
                        Exports             :         2001 – 2002      By HEPC

      Best Society Award                        :     2004            By Co-op. Union

      Ist Prise for Export Furnishing           :     2001            By DH&T on 14.09.2006

      Best Society Award                        :                     By Co-op Union - on
                                                                      14.11.2006
                                                                                    Contd..7.
                                                   :7:


25.                FUTURE EXPANSION PLAN:

                     We have proposed to increase our production capacity by installing more
handlooms which will in turn help the poor loom less handloom weavers to earn more
and rise their socioeconomic status.


                     Out of the 2057 Handlooms, 850 Handlooms are engaged in the Production
of exportable varieties. The exportable varieties produced by these looms are sold
through merchant exporters.


                     Our Society is earnestly making efforts to export handloom goods directly in
the future.




        Place : Chennimalai                                           The Chennimalai Industrial
        Date : 31.05.2007.                                               Weavers. Co.op P & S
                                                                         Ltd., No. A.A. 399.



E:/Shobiya/notes
Chencoptex                              A.A.399




     
            SHORT NOTES


The Chennimalai Industrial Weaver's Co-operative
  Production & Sale Society Ltd., No.A.A.399
     Post Box No.38, Chennimalai – 638 051.
        THE CHENNIMALAI INDUSTRIAL WEAVERS CO-OPERATIVE
     PRODUCTION & SALE SOCIETY LTD., NO.A.A.399, CHENNIMALAI -
                            638 051
                                         ANNEXURE
                                                                      (Figures in Lakhs)
     1.          Date of Registration                       :           29.09.1962
     2.          Date of Starting                           :           02.11.1962
     3.          Total Members                              :              1522
     4.          Total Looms                                :              2057
     5.          Working Looms                              :              1522
                 Production Varieties                                        Looms
     1.          Bedsheets                                  :                 237
     2.          Govt Schemes Drill                         :                 435
     3.          Export Varieties                           :                 850

     Monthly Average Production               150 Lakhs             Sales 177 Lakhs
S.                           Production                 Sales               Closing Stock
            Year
No                        Metre     Value         Metre      Value        Metre      Value
1.        2004-2005        53.50    2933.45        51.88    3442.00         6.13      335.20
2.        2005-2006        34.94    1718.40        29.44    1745.00        11.63      615.62
3.        2006-2007        39.77    1802.58        37.92    2128.70        13.49      682.25

            S.No        Year            Cash Credit                   Utlized
                                        Sanctioned
            1.        2004-2005             800                         600
            2.        2005-2006             900                         880
            3.        2006-2007            1200                        1192
            4.        2007-2008            1040                         350

                 S.                      Working result         Class In Audit
                           Year
                 No                       NET PROFIT
                 1.     2004-2005           158.44                     “A”
                 2.     2005-2006           76.66                      “A”
                 3.     2006-2007           50.37                       -

                                                          Members in            Amount
     S.No                 PLAN SCHEMES
                                                           Scheme
     1.      Savings & Security Scheme                      2199                  -
     2.      Family Pension Scheme                          1446                  -
     3.      Old Age Pension Scheme                          138                  -
     4.      Housing Colony Scheme                           228                91.20
     5.      Bunkar Bima Yojana Scheme                      2444                  -
     6.      Health Insurance ICICI Lombord                 2186                  -
             Insurance
     7.      Free Electrical                                    -                    -

				
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