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"Manufacturing and Trading Coir Products"
 
 

Company Profile






THE TAMILNADU STATE COIR CO-OPERTIVE MARKETING FEDERATION LIMITED popularly known as “TANCOFED” started in the year 1984. The main object of Tamilnadu State Coir Co-operative Marketing Federation Limited is to improve the marketing avenues of Coir and Coir products produced by the Primary and Central Coir Marketing Societies in Tamilnadu. There are about 65 primary Coir Societies and 3 Central Coir Marketing Societies functioning in this State for which Tamilnadu State Coir Co-operative Marketing Federation Limited is an APEX organization.

The performance of Tamilnadu Stae Coir Cooperative Marketing Federation Limited for the past of 3 years is as below:

Year – Purchase – Sales – Profit/Loss (Rs. In Lakhs)

  • 1999-2000 – 42.83 – 50.82 - + 0.35
  • 2000-2001 – 45.98 – 53.28 - +1.00
  • 2001-2002 – 48.80 – 53.29 - - 1.55
  • 2002–2003 – 28.92 – 31.71 - + 1.95

    Even though there is no decline in the sale during the year 2001-2002 when compared to earlier years, the Federation incurred marginal loss of Rs. 1.55 Lakhs due to the following reasons.

  • Sales turnover during the year 2001-2002 would have been better when compared to earlier years if the Coir Board Rebate/MDA could have been provided to the Federation. Both Rebate as well as MDA assistance stopped to Federation, during the year 2001-2002 resulting in decline in purchase by the regular whole sale buyers especially the sale of coir mat and matting affected heavily.
  • During the year 2001-2002, federation has opened 4 new showrooms in the following places for which federation has to spend towards rent, Rent advance and for the creation of infrastructure facilities which resulted in initial loss.
  • Coir Board which has promised to assist the Federation for opening of showroom has not given any assistance inspite of the proposals recommen ded by the Directorate. If assistance from Coir Board would have been received the marginal loss could have been avoided.

    The main object of Tamilnadu State Coir Co-operative Marketing Federation Limited is to assist the Primary and Central Coir Marketing Societies in marketing their products which is not possible in the absence of establishment of showrooms within and outside the State. Tamilnadu State Coir Cooperative Marketing Federation Limited has established 4 showrooms within the Chennai Corporation Limit in the following areas.

  • Showroom at Ayanavaram,
  • Showroom at Choolaimedu
  • Showroom at Padi
  • Showroom at Triplicane

    Tamilnadu State Coir Cooperative Marketing Federations Limited has also established showroom at Ludhiana during February 2002. Apart from this, Tancofed is also planning to establish showrooms in the following cities Jaipur, Kanpur and Delhi.

  • Introduction of Fibre Extraction Machinery in the Primary Coir Industrial Co-operative Societies for extracting fibre from the coconut husk which has been done manually earli


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