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{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 1 gZ 2013-2014
(Zm|XUr H«$‘m§H$ : 12001-1947)
Zm|XUrH¥$V H$m¶m©c¶ : 12 ~r, dËgm hmD$g, OÝ‘^y‘r ‘mJ©, ’$moQ>©, ‘w§~B© - 400 001.
àemgH$s¶ H$m¶m©c¶ : OÝ‘^y‘r ^dZ, {Vgam ‘Ocm, OÝ‘^y‘r ‘mJ©, ’$moQ>©, ‘w§~B© - 400 001.email : [email protected], Tel.: 2287 0202 / 2204 7944, Fax : 2287 2306
67 ì¶m dm{f©H$ gd©gmYmaU g^oMr gyMZm(’$³V g^mgXm§gmR>r)
gd© g^mgXm§Zm H$i{dʶmV ¶oVo H$s, ~±Ho$À¶m g^mgXm§Mr 67 dr dm{f©H$ gd© gmYmaU g^m Jwédma {X. 18 gßQ>|~a 2014 amoOr gH$mir {R>H$ 11.00 dmOVm ‘hmamï´> M|~a Am°’$ H$m°‘g© d B§S>ñQ´>r, AmoarH$Z hmD$g, 6 dm ‘Ocm, 12 Ho$ Xþ^mf amoS>, ‘w§~B©-400 001. ¶oWo hmoUma Amho. gXa g^og gd© g^mgXm§Zr doioda CnpñWV ahmdo {h {dZ§Vr.
* g^onwT>rc H$m‘o *1) {X. 10 Am°JñQ>> 2013 amoOr Pmcoë¶m 66 ì¶m dm{f©H$ gd©gmYmaU g^oMo B{Vd¥Îm dmMyZ H$m¶‘ H$aUo.2) {X. 31 ‘mM© 2014 amoOr g§ncoë¶m Am{W©H$ dfmªgmR>rMm g§MmcH$ ‘§S>imMm Ahdmc, Am°{S>Q>oS> Vmio~§X d Z’$m VmoQ>m
nÌH$ dmMyZ ñdrH¥$Vr XoUo.3) d¡Ym{ZH$ coIm n[ajH$m§À¶m gZ 2013-2014 gmcÀ¶m VnmgUr AhdmcmMr Zm|X KoUo.4) g§MmcH$ ‘§S>imZo {e’$mag Ho$ë¶mà‘mUo Ahdmc df© gZ 2013-2014 gmcÀ¶m Z’$m {d^mJUrg ‘mݶVm XoUo.5) gZ 2014-15 ¶m Am{W©H$ dfm©À¶m ~±Ho$À¶m d¡Ym{ZH$ coImnarjUmgmR>r amÁ¶emgZmZo ‘mݶVm {Xcoë¶m
coImnarjH$m§À¶m Zm{‘Ho$Vrc coImnarjH$m§Mr Zo‘UyH$ H$aUo Am{U ˶m§Mm ‘ohZVmZm R>a{dUo.6) WH$~mH$sXmam§À¶m dgwcr Z hmoD$ eH$Umè¶m {eëcH$ aH$‘m ~±Ho$Mo dgwcrMo A{YH$ma H$m¶‘ R>odyZ {Zc}{IV H$aʶmg
‘§Owar XoUo.7) ~±Ho$À¶m Cn{dYr H«$‘m§H$ 3,34 (S>) d 41 (A) ‘ܶo gwM{dcoë¶m XþéñVrg ‘mݶVm XoUo.8) g§MmcH$ ‘§S>imZo gZ 2014-15 H$[aVm gmXa Ho$coë¶m dm{f©H$ AW©g§H$ën Am{U {dH$mg AmamIS>çmMr Zm|X KoUo.9) gÝ‘mZZr¶ Aܶjm§À¶m nadmZJrZo ¶oUmè¶m BVa {df¶m§da MMm© H$aUo
{R>H$mU : ‘w§~B©{XZm§H$ : 30 Am°JñQ> 2014
g§MmcH$ ‘§S>imÀ¶m dVrZo
EZ. Ama. ñdm‘rà^mar ‘w»¶ H$m¶©H$mar A{YH$mar
* {deof gyMZm *
1) JUg§»¶o A^mdr g^m VhHy$~ H$amdr cmJë¶mg, g^m ˶mM {R>H$mUr ˶mM {Xder Aܶm© VmgmZ§VaåhUOo gH$mir {R>H$ 11.30 dmOVm gwê$ hmoB©c d ˶m g^og JUg§»¶m nwVuMr Amdí¶H$Vm amhUmaZmhr.
2) dm{f©H$ gd©gmYmaU g^oMo H$m‘H$mO gwairV hmoʶmgmR>r Á¶m g^mgXm§Zm ~±Ho$À¶m H$m‘H$mOm{df¶r{dYm¶H$ ñdê$nmMr ‘m{hVr {dMmamd¶mMr Agoc ˶m§Zr ˶m§À¶m gwMZm g^oÀ¶m VmaIonydu gmV {XdgAJmoXa Zm|XUrH¥$V qH$dm àemgH$s¶ H$m¶m©c¶mg coIr H$idmì¶mV.
3) g^og ¶oVmZm AhdmcmMr àV gmo~V AmUmdr.
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 2 gZ 2013-2014
g^mgXm§Zm {dZ§Vr
1. Á¶m g^mgXm§Mo dmñVì¶mMo, H$m‘mMo AWdm ì¶dgm¶mMo nÎmo ~Xcco AgVrc ˶m g^mgXm§Zr
Amnco ZdrZ nÎmo ~±Ho$À¶m Xáar Zm|XdmdoV.
2. Á¶m g^mgXm§Zr Amnë¶m dmagmMr Zm|X ~±Ho$À¶m Xáar Ho$cr Zgoc Aem g^mgXm§Zr Vr ËdarV
H$ê$Z ¿¶mdr. dmag Zm|XrZo AmnU Amnë¶m níMmV dmagmÀ¶m {hVmMrM ì¶dñWm H$arV AgVmo.
3. g^mgXm§Mo ^mJ XmIco (eoAa g{Q>©{’$Ho$Q>g²) V¶ma AmhoV. Á¶m g^mgXm§Zr Vo KoVco ZgVrc
˶m§Zr ËdarV KoD$Z OmdoV.
4. ~±Ho$H$Sy>Z KoVcoë¶m H$Om©À¶m ¶mo½¶ àH$mao Zm|Xr R>odmì¶mV. {dídmgy ì¶{º$gM Om‘rZ ahmdo. Am{U
~±Ho$H$Sy>Z KoVcoë¶m H$Om©Mr {Z¶{‘V naV-’o$S> H$amdr. {Z¶{‘V naV- ’o$S>rZo Amncr nV
dmT>Vo d gdmªJrU {dH$mg gmYVm ¶oVmo.
5. Á¶m g^mgXm§Zm AhdmcmMr àV nmoñQ>mÛmao àmá Pmcr Zgoc ˶m§Zr ZOrH$À¶m emIoVyZ àV
KoD$Z OmʶmMr H¥$nm H$amdr.
Ahdmc dfm©Vrc R>iH$ KS>m‘moS>r
1. Amnë¶m KmQ>H$mona emIoMo ZdrZ àeñV OmJoV ñWcm§Va d E.Q>r.E‘. gw{dYogh ew^ma§^.
2. ~±Ho$À¶m ZdrZ àUmcr‘ܶo RuPay Debit Card Mm g‘mdoe, ˶mX²dmao ^maVmVrc 1,40,000
nojm OmñV E.Q>r.E‘. ‘YyZ n¡go H$mT>ʶmMr gw{dYm.
3. {dX²¶mWmªgmR>r {deof ~MV ImVo gw{dYm gwé.
4. 18 dfm©n¶ªV ‘wcm‘wctgmR>rÀ¶m ""~MVrMr gd¶'' R>od ¶moOZo A§VJ©V 0.25% OmñV ì¶mOXa.
5. ‘mo~mB©c ~±qH$J gw{dYoMm cdH$aM ew^ma§^, ˶mX²dmao Am{W©H$ ì¶dhma H$aʶmMr ‘w^m.
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 3 gZ 2013-2014
The National Co-operative Bank Ltd.
Registered Office : 12-B, Vatsa House, 2nd Floor,Janmabhoomi Marg,Fort, Mumbai - 400 001.
Date of Registration : 21st May, 1947
Date & No. of RBI Licence : UBD. MH. 1077 P dt. 19-07-1994
Registration No. : 12001 dt. 21-05-1947
Area of Operation : Mumbai Metropolitan Region &Districts of Thane, Raigad,Aurangabad & Ahmednagar
Audit Classification : "A"
STATUTORY AUDITORS : M/s. Shankarlal Jain & Associates12, Engineer Building,265, Princess Street,Mumbai - 400 002.
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 4 gZ 2013-2014
gÝ‘mZZr¶ g^mgX ~§Yw-^{JZtZmo,
‘r ~±Ho$Mm Aܶj ¶m Zm˶mZo ~±Ho$À¶m 67 ì¶m gd©gmYmaU g^oV g{dñVa Ahdmc gmXa H$arV
Amho. Am{W©H$ df© 2013-14 Mm Vmio~§X, dm{f©H$ Ahdmc d ~±Ho$Mr ZoÌ{XnH$ àJVr Amnë¶m g‘moa
‘m§S>VmZm ‘cm A˶§V AmZ§X hmoV Amho. Amnë¶m gdmªÀ¶m ‘Z:nyd©H$ ghH$m¶© d nmR>tã¶m‘wio Amnë¶m
~±Ho$Mm Xadfu à‘mUo Mmcy dfm©Mm àJVrMm AmcoI C§Mmda Jocm Amho. ô¶m {h dfu ~±Ho$cm Am°{S>Q> dJ© ""A''
{‘imcm Amho. ¶mMm ‘cm gmW© A{^‘mZ dmQ>Vmo. {X Z°eZc H$m°. Am°nao{Q>ìh ~±Ho$Mo AWm©V EZgr~r
n[admamMo à‘wI àoaUmñWmZ d ‘mJ©Xe©H$, AmXaUr¶ S>m°. A{OVqgh nmQ>rc gmho~ ¶m§À¶m Hw$ec
‘mJ©Xe©ZmImcr Amnë¶m ~°Ho$Mr àJVr A{Ve¶ doJmZo hmoV Amho.
ghH$ma joÌmg‘moa Agcoë¶m AS>MUrda ‘mV H$éZ d ~±H$mVrc Vrd« ñdénmÀ¶m ñnY}V amhÿZ
AmnU àJVrMr dmQ>Mmc Mmcy R>odcocr Amho. {aPìh© ~±Ho$Mo H$S>H$ nVYmoaU, McZdmT>rV hmoV Agcoco
MT>CVma VgoM ghH$ma H$m¶ÚmVrc ZdrZ VaVwXr ô¶m ~m~tMm {dMma H$aVm Amnë¶m ~±Ho$Ms àJVr
{ZpíMVM AmídmgH$ Amho.
‘m. Cn {Z~§YH$ ghH$mar g§ñWm, E. {d^mJ, ‘w§~B© ¶m§Mo AmXoemÝd¶o {X. 13/04/2013
amoOrÀ¶m {deof gd© gmYmaU g^oZo pñdH¥$V Ho$coco AmXe© Cn{dYr ‘m. Ana Am¶w³V d {deof {Z~§YH$,
ghH$mar g§ñWm ({dËV) ‘hmamîQ´> amÁ¶ nwUo ¶m§Zr ‘§Oya Ho$co AgyZ, gXa AmXe© Cn{dYr {X.
28/01/2014 nmgyZ ApñVËdmV Amco AmhoV. ô¶mMr gd© g^mgXm§Zr H¥$n¶m Zm|X ¿¶mdr.
~±H$m§‘Yrc J¡aì¶dhma Q>miʶmgmR>r ̂ maVr¶ [aPd© ~±Ho$Zo (KYC) Ho$dm¶gr àUmcrMm Adc§~
H$mQ>oH$moanUo nmiUo gd© ~±H$m§Zm A˶mdí¶H$ Ho$co Amho. ˶m‘wio ‘r nwÝhm Amnë¶m ~±Ho$À¶m dVrZo AmnUm
gdmªZm d J«mhH$m§Zm H$iH$irMr {dZ§Vr H$aVmo H$s, gdmªZr AmnAmnë¶m Im˶m‘ܶo (KYC) Ho$dm¶gr
{Z¶‘m§Mo nmcZ H$éZ Amåhmg ghH$m¶© H$amdo.
Aܶjm§Mo ‘ZmoJV d g§MmcH$ ‘§S>imMm Ahdmc
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 5 gZ 2013-2014
J«mhH$ godo‘ܶo A˶mYw{ZH$ V§ÌkmZmMm dmna Ho$ë¶m‘wio AmVm Amnë¶m J«mhH$mcm Eg.E‘.Eg.,
E.Q>r.E‘., H$moAa ~±H$s¨J, B§Q>aZoQ> ~±qH$J godm CncãY Pmcoë¶m AmhoV d ˶mVhr g‘¶mo{MV gwYmaUm d
àJVr H$aʶmV ~±H$ à¶ËZerc Amho. ô¶m dfu ~±Ho$Zo éno S>o{~Q> H$mS>© A§‘cmV AmUco Á¶m X²dmao gXa
J«mhH$ g§nyU© Xoem‘Yrc 1,40,000 nojm OmñV E.Q>r.E‘. ‘YyZ n¡go H$mT>ʶmÀ¶m gw{dYoMm cm^ KoD$
eH$Vmo. AmVm cdH$aM ‘mo~mB©c ~±qH$J gw{dYoMm ew^ma§^ H$aUma AmhmoV ˶m X²dmao Amnë¶m J«mhH$ dJm©g
Am{W©H$ ì¶dhma H$aVm ¶oVrc.
R>odrXma, H$O©Xma, ^mJYmaH$ Am{U {hVqMVH$m§Mm ~±Ho$da Agcoë¶m AT>i {dídmgm‘wio ~±Ho$Mr
{dZm AS>Wim àJVrÀ¶m {XeoZo dmQ>Mmc Mmcy Amho. nwT>ohr ~±Ho$Mm cm¡{H$H$ d ^mJ YmaH$m§Mm {dídmg
dmT>oc Aer H$m‘{Jar g§MmcH$ ‘§S>imH$Sy>Z hmoV amhrc.
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 6 gZ 2013-2014
Z’$m {d^mJUr :
Ahdmc df© 2013-2014 gmR>r < 3,35,79,158.10 Z’$m d ‘mJrc dfm©Mm gZ 2012-13
gmR>r {eëcH$ Z’$m < 1,013.77 EHy$U <> 3,35,80,171.87 Zâ¶mÀ¶m a³H$‘oMr nwT>rc à‘mUo
{d^mJUr H$aʶmgmR>r g§MmcH$ ‘§S>i {e’$mag H$arV Amho.
d¡Ym{ZH$ amIrd {ZYr STATUTORY RESERVE - < 1,25,93,000.00
B‘maV {ZYr BUILDING FUND - < 1,02,22,000.00
gd©gmYmaU {ZYr GENERAL RESERVE - < 1,00,00,000.00
Jw§VdUyH$ MT>-CVma {ZYr INVESTMENT FLUCTUATION RESERVE - < 7,65,000.00
{eëcH$ nwT>rc gmcmH$[aVm BALANCE C/F - < 171.87
EHy$U Total - < 3,35,80,171.87
d¡Ym{ZH$ amIrd {ZYr hm EHy$U Zâ¶mÀ¶m 37.50% Amho.
g^mgX g§»¶m :
Ahdmcgmcr 1,159 ZdrZ g^mgXm§Zm ~±Ho$À¶m nQ>mda XmIc H$ê$Z KoʶmV Amco Va Zm‘‘mÌ
g^mgX g§»¶oV 1,085 Zo dmT> Pmcr Amho. EHy$U g^mgXm§Mm Vnerc Imcrcà‘mUo Amho.
^mJ^m§S>dc d {ZYr :
~±Ho$Mo dgyc ̂ mJ^m§S>dc JVgmcr (2012-2013) < 707.87 cmI hmoVo Vo {X. 31/3/2014
AIoa < 22.55 cmIm§Zr dmTy>Z < 730.42 cmI BVHo$ Pmco. d¥ÜXrMo à‘mU 3.19% Amho.
~±Ho$À¶m ñd{ZYrV dmT> hmoV AgyZ ~±Ho$Mr Am{W©H$ pñWVr ̂ ³H$‘ Amho. ~±Ho$Mm {ZYr < 3,904.89
cmI hmoVm Vmo dmTy>Z {X. 31/3/2014 amoOr < 4,658.65 cmI Pmcm Amho. ~±Ho$À¶m ^m§S>dcmMo
OmoI‘rV Agcoë¶m ‘mc‘Îmoer à‘mU (CRAR) 16.00% AgyZ [aPd© ~±Ho$À¶m {ZH$fm§Mr ~±Ho$Zo nyV©Vm
Ho$cr Amho.
g^mgX dJ©
gd©gmYmaU
Zm‘‘mÌ
{XZm§H$ 31/3/2013 AIoa
17,724
9,252
{XZm§H$ 31/3/2014 AIoa
18,883
10,337
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 7 gZ 2013-2014
VwcZmË‘H$ ^mJ ^m§S>dc d {ZYr Imcrc à‘mUo Amho.(< cmImV)
31/3/2013 31/3/2014
A) ^mJ ^m§S>dc 707.87 730.42B) Reserve Fund & Other Reserve
amIrd d BVa {ZYr
1. Statutory Reserve Fund d¡Ym{ZH$ J§JmOir {ZYr 599.55 851.14
2. Building Fund B‘maV {ZYr 525.13 693.38
3. Dividend Equialisation Fund cm^m§e g‘mZrH$aU {ZYr 35.00 35.00
4. Bad & Doubtful Debts Reserve ~wS>rV d g§e¶rV H$O© {ZYr 1,168.13 1,218.13
5. Welfare Fund H$ë¶mU {ZYr 0.18 0.18
6. Milenium Fund {‘co{Z¶‘ {ZYr 15.00 15.00
7. Standard Assets Reserve CÎm‘ qOXJrdarc VaVyX 84.00 92.00
8. Investment Depreciation Reserve Jw§VdUyH$ Kgmam {ZYr 15.90 18.30
9. General Reserve gd©gmYmaU {ZYr 88.40 338.40
10. I. T. Upgradation Fund ‘m{hVr V§ÌkmZ AÚ¶mdVrH$aU {ZYr 25.00 25.00
11. K. R. Hegde Memorial Fund Ho$. Ama. hoJS>o ñ‘¥Vr {ZYr 19.96 21.99
12. Revalution Reserve ‘wZ‘w©ë¶m§H$Z {ZYr 554.42 549.74
13. Other Reserve BVa {ZYr 61.57 61.57
14. Special Reserve U/s 36 (I) (VIII) of Income Tax Act {defo {ZYr 4.78 8.39
Capital
R>odr :-
JVgmcr ~±Ho$À¶m R>odr < 367.42 H$moQ>r n¶ªV hmo˶m. ˶mV < 30.56 H$moQ>tMr dmT> hmoD$Z Ahdmc df© 2013-14 AIoa R>odr < 397.98 H$moQ>r n¶ªV nmohmoMë¶m AmhoV. R>odrXmam§À¶m < 1 cmI n¶ªVÀ¶m R>odtZm {då¶mMo g§ajU XoʶmgmR>r ~±Ho$Zo R>odr {d‘m d nVh‘r {ZJ‘ H$S>o 30 gßQ>|~a 2014 n¶ªVÀ¶m {då¶mMm hám ̂ acm Amho.
~±Ho$Vrc amoI {eëcH$ d VaVr ‘mc‘Îmm :
Ahdmc gmcr ~±Ho$Zo ~±H$s¨J {Z¶‘Z H$m¶Xm 1949 À¶m H$c‘ 18 d 24 AÝd¶o amoI {ZYr Am{U VaVr ‘mc‘Îmm ¶m~m~VrV VaVwXrMo nmcZ Ho$co Amho.
Jw§VdUyH$ :
[aPd© ~±Ho$À¶m ‘mJ©Xe©H$ VËdmZwwgma ~±Ho$Zo gaH$mar amo»¶mV Amdí¶H$ VodT>r Jw§VdUyH$ Ho$cocr Amho.
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 8 gZ 2013-2014
WH$~mH$s, AZwËnmXH$ H$O© d VaVwXr :
Ahdmc dfm©AIoa ~±Ho$cm ¶oUo Agcoë¶m H$O©mn¡H$s 5.11% BVH$s H$O© WH$sV (T>mo~i AZwËnm{XV H$Omªgh) AmhoV. H$O© WH$~mH$s hr Amnë¶m {dH$mgmVrc à‘wI g‘ñ¶m R>aV Agë¶m‘wio H$O©Xma ~§Yy§Zr {Z¶{‘V H$O©’o$S>rZo ~±Ho$cm ghH$m¶© H$aʶmMr Amdí¶H$Vm Amho ¶mMm CëcoI ‘r AmdOw©Z H$ê$ BpÀN>Vmo. Ahdmc dfm©V ~±Ho$À¶m g§MmcH$ ‘§S>imZo VgoM A{YH$mar d H$‘©Mmar dJm©Zo AZwËnmXH$ H$O© dgwcrMo g‘mYmZH$maH$ ì¶dñWmnZ Ho$coco Amho. VWm{n dfm©AIoa ~±Ho$Mr T>mo~i AZwËnmXH$ H$O} (Gross NPAs)
< 1,181.09 cmI AgyZ ˶m§Mo EHy$U H$Om©er à‘mU 5.11% BVHo$ Amho. AZwËnmXH$ H$Om©nmoQ>r Ho$coë¶m VaVwXtMm {dMma H$aVm ~±Ho$Mr {Zìdi AZwËnm{XV H$O} (Net NPAs) < eyݶ Pmcr AmhoV.
H°${nQ>c A°{S>³Mogr - ̂ m§S>dc nwaoVonUm :
[aPd© ~±Ho$À¶m ‘mJ©Xe©H$ VËdmZwgma ZmJar ghH$mar ~±H$mgmR>r ^m§S>dc nwaoVonUmMo (Capital
Adequacy) à‘mU 9 Q>³Ho$ nojm H$‘r Agy Z¶o. Amnë¶m ~±Ho$Zo darc {ZH$fmMr nyV©Vm H$ê$Z ho à‘mU 16.00% BVHo$ amIco Amho.
g§MmcH$ ‘§S>i gXñ¶ d ˶m§À¶m ZmVodmB©H$m§Zm {Xcoë¶m H$Om©Mm Vn{ec :
a³H$‘ cmImV (<) a³H$‘ cmImV (<)
g§MmcH$ ‘§S>i gXñ¶ d ˶m§MoZmVodmB©H$ Á¶m§Zr ~±Ho$H$Sy>Z H$O©
KoVco Amho, ˶m§Mr g§»¶m0
¶oUo Agcoë¶m H$Om©Mra¸$‘ {X. 31/03/2013
amoOr0
¶oUo Agcoë¶m H$Om©Mra¸$‘ {X. 31/03/2014
amoOr0
g§MmcH$ ‘§S>i d g§MmcH$ ‘§S>imÀ¶m g^m :
~±Ho$Mo g§MmcH$ doimodoir ~±Ho$V CnpñWV amhÿZ g^mgXm§À¶m, J«mhH$m§À¶m d H$‘©Mmè¶m§À¶m
AS>rAS>MUr AmpË‘¶VoZo g‘OmdyZ KoD$Z ˶m gmoS>{dʶmgmR>r ‘mJ©Xe©Z H$aVmV. doimodoir emIm§Zm ̂ oQ>r
XoD$Z H$ma^mamV gwYmaUm H$aʶmMo à¶ËZ H$aVmV. ~±Ho$Mo H$m‘H$mO nmaXe©H$ d JVr‘mZ amIʶmgmR>r
g§MmcH$ ‘§S>imZo Amnmnë¶m joÌmV {ZîUmV Agcoë¶m g§MmcH$m§À¶m AܶjVoImcr {d{dY g{‘˶m§Mr
aMZm Ho$cr Amho. ~±Ho$Mo ~hþg§»¶ g§MmcH$ ì¶mdgm{¶H$ (Professionals) AmhoV d Amnmnë¶m joÌmVrc
àXrK© AZw^dmMm d ì¶mdgm{¶H$ H$m¡eë¶mMm nwaonya ’$m¶Xm ~±Ho$g XoʶmgmR>r {d{dY g{‘˶m§À¶m
‘mܶ‘mVyZ ¶mo½¶ {ZU©¶ KoVmV. VgoM g§MmcH$ ‘§S>imÀ¶m g^oV EH$‘VmZo {ZU©¶ KoVco OmVmV.
Ahdmc dfm©V g§MmcH$ ‘§S>imÀ¶m 26 g^m Pmë¶m.
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 9 gZ 2013-2014
A{YH$mar d H$‘©Mmar dJ© :
Ahdmc dfm©AIoa ~±Ho$À¶m godoV gd© loUrMo EHy$U 143 H$‘©Mmar H$m¶©aV AmhoV. ~±Ho$À¶m àJVrV
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coImnarjU :
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dfm©H$arVmhr ~±Ho$cm "A' Am°S>rQ> dJ© XoʶmV Amcm Amho.
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67 dm dm{f©H$ Ahdmc 10 gZ 2013-2014
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H¥$îUm {Z. ndio
Aܶj
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67 dm dm{f©H$ Ahdmc 11 gZ 2013-2014
~±Ho$À¶m g{‘˶m
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1) lr. Ho$. Eg. XogmB© - Aܶj
2) lr. Eg. ìhr. ̂ mcoamd - g^mgX
3) lr. Eg. S>r. ̂ m§S>maH$a - g^mgX
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3) lr. Ho$. Eg. XogmB© - g^mgX
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5) lr. ~r. ìhr. ‘hm{S>H$ - g^mgX
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5) lr. {dcmg Xidr (‘°ZoOa) - g^mgX
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1) lr. Eg. Q>r. Ia‘mQ>o - Aܶj
2) lr. Ao. Ama. nmQ>rc - g^mgX
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4) lr. Ama. Ama. ‘ohoa (Aܶj) - g^mgX
5) lr. ~r. ìhr. ‘hmS>rH$ - g^mgX
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1) gm¡. gr. ¶y. Hw$iH$Uu - Aܶjm
2) lr. Ec. S>ãë¶w. H$mio (Cnmܶj) - g^mgX
3) lr. Ho$. EZ. ndio - g^mgX
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{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 12 gZ 2013-2014
PERFORMANCE HIGHLIGHTS (Rs. in Lacs)
31-3-2013Growth Over LastYear (Actual & %)
31-3-2014Growth Over LastYear (Actual & % )
Total Income 4832.40 +1286.20(+36.27%) 4671.78 -160.62(-3.33%)
Total Expenditure 4163.25 +817.98(+24.45%) 4335.99 +172.74(+4.15%)
Interest on Deposits/Borrowings 2598.32 +298.54(+12.98%) 3047.19 +448.87(+17.28)
Administrative Exp. 1152.63 +269.30(+30.54%) 1064.78 -87.85(-7.62%)
Operating Profit 1081.45 +718.04(+197.58%) 559.81 -521.64(-48.24%)
Income tax Provision 310.00 +200(+181.82%) 160.00 -150(-48.39%)
Other Provisions 102.30 +49.82(+94.93%) 64.02 -38.28(-37.42%)
Net Profit 669.15 +468.22(+233.03%) 335.79 -333.36(-49.82%)
Working Fund 42482.42 +2534.05(+6.34%) 45819.48 +3337.06(+7.86%)
Investments 17312.34 +692.41(+4.17%) 18440.73 +1128.39(+6.52%)
31-3-2013 31-3-2014 Growth Over Last Year
OWNED FUND 3904.89 +278.56(+7.68%) 4658.65 +753.76(+19.30%)
Share Capital 707.87 +47.43(+7.18%) 730.42 +22.55(+3.19%)
Reserves 3197.02 +231.13(+7.79%) 3928.23 +731.21(+22.87%)
Total No of Members 26976
Regular 17724 +724.00(+4.26%) 18883 +1159(+6.54%)
Nominal 9252 +782.00(+9.23%) 10337 +1085(+11.73%)
29220
31-3-2013 31-3-2014 Growth Over Last Year
DEPOSITS 36742.01 +4111.02(+12.60%) 39797.93 +3055.92 (+ 8.32%)
Current 3210.65 +254.67(+8.62%) 2474.61 -736.04(-22.92%)
Savings 8612.32 +339.54(+4.10%) 8775.51 +163.19(+1.89%)
Term Deposits 24919.04 +3516.81(+16.43%) 28547.81 +3628.77(+14.56%)
31-3-2012 31-3-2014 Growth Over Last Year
Growth Over Last Year
ADVANCES 20687.55 +1389.53(+7.20%) 23107.94 +2420.39(+11.70%)
Secured 20226.93 +1321.58(+6.99%) 22614.32 +2387.39(+11.80%)
Unsecured 460.62 +67.95(+17.30%) 493.62 +33.00(+7.16%)
Priority Sector Advance 46.95% -1.91(-3.91%) 47.33 +0.38(+0.81%)
Net NPA % NIL NIL
31-3-2013 31-3-2014
No. of Branches 11 Branches & HO 1 New Branch
No. of employees 142 143 1
Business per employee Rs. 404.13 439.90 +35.77(+8.85%)
12 Branches & HO
31-3-2013 31-3-2014
Capital Adequacy Ratio 16.26% 16.00%
Audit Classification "A" "A"
Growth Over Last Year
Growth Over Last Year
Growth Over Last Year
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 13 gZ 2013-2014
CONSISTENT GROWTH IN PERFORMANCE OF THE BANK(Rs. in Lacs)
2008 2009 2010 2011 2012 2013 2014
LIABILITIES
Share Capital 277.02 300.24 389.62 533.57 660.44 707.87 730.42
Reserves 3368.13 2833.87 2874.07 2852.53 2965.89 3197.02 3928.23
Deposits 22116.73 23985.56 28278.67 31811.42 32630.99 36742.01 39797.93
Other Liabilities 825.04 354.91 1272.30 2636.76 3492.95 2251.31 2369.59
Net Profit +C/F Balance 80.92 75.92 67.59 126.64 200.93 669.22 335.80
27,348.88 27,550.50 32,882.25 37,960.92 39,951.20 43,567.43 47,161.97
ASSETS
Liquid Assets 16143.41 17146.63 20756.32 21945.73 19645.40 21528.16 22547.15
Advances 9304.78 9119.15 11101.55 15101.93 19298.02 20687.55 23107.94
Fur/Fix/Prem/Comp./OE. 832.64 797.52 786.76 760.79 834.40 850.73 849.86
Other Assets 1068.05 487.20 237.62 152.47 173.38 500.99 657.02
27,348.88 27,550.50 32,882.25 37,960.92 39,951.20 43,567.43 47,161.97
PROFITABILITY
Total Income 2289.58 2755.61 2545.71 2984.18 3546.20 4832.40 4671.78
Total Expenses 2208.66 2679.69 2478.12 2857.76 3345.27 4163.25 4335.99
Depreciation 48.35 44.15 23.96 26.29 31.28 41.61 46.61
Operating Profit 357.66 191.15 145.94 207.11 363.41 1081.45 559.81
Net Profit 80.92 75.92 67.57 126.42 200.93 669.15 335.79
Income Tax Provision 87.99 NIL NIL 34.00 110.00 310.00 160.00
BDDR 150.00 100.00 32.00 30.79 50.00 100.00 58.00
Other Provision 38.75 15.22 46.35 15.90 2.48 2.30 6.02
CRAR 15.18% 15.29% 15.03% 13.58% 12.04% 16.26% 16.00%
Audit Classification A A A A+ A A A
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 14 gZ 2013-2014
BALANCE SHEET
31.03.2013< P.
31.03.2014< P.
^m§S>dc d XoUrCAPITAL & LIABILITIES
1 Authorised Share Capital10,00,00,000.00 1,00,00,000 Shares of Rs. 10/- each 10,00,00,000.00
Subscribed & Paid Up Capital7,07,87,440.00 Opening Balance - 7,07,87,440.00 7,30,41,950.00
Add : - 63,56,720.00Refund - 41,02,210.00Closing Balance - 7,30,41,950.00(73,04,195 Shares of Rs. 10/- each fully paid up)
31,97,01,647.04 2 Reserve Fund & Other Reserves 39,28,22,581.81(As per schedule ''A")
3 Deposits & Other Accounts (IncludesMatured Deposits of Rs. 916.31 Lacs P.Y. 712.73 Lacs)
68,25,29,979.56 Fixed Deposits 66,12,62,859.561,70,31,71,468.19 Samruddhi Deposits Scheme 2,06,92,59,229.19
1,39,454.65 Other Deposits (Matured) 1,39,454.6510,60,64,264.37 Recurring Deposits 12,41,19,036.3786,12,31,562.45 Savings Bank Deposits 87,75,51,428.4832,10,64,562.19 Current Deposits 24,74,60,736.813,67,42,01,291.41 3,97,97,92,745.06
----------- 4 Borrowings from M.S.C. Bank ---------- ----------
12,18,075.45 5 Bills for Collection (as per contra) 4,08,162.00
10,72,83,204.34 6 Overdue Interest Reserve 13,38,40,594.97
79,52,138.85 7 Interest Payable 60,13,628.85
8 Other Laibilities3,13,64,852.59 Sundry Creditors 2,60,37,624.303,35,43,848.10 Payslip Issued 1,09,47,864.90
9,07,841.00 Dividend Payable 9,07,084.008,61,964.33 Security Deposit 11,41,021.332,50,000.00 Gratuity Payable1,05,145.00 Tax Deducted at Source1,06,000.00 Earnest Deposit Money 1,26,000.00
14,56,173.41 Provision for interest Payable 14,56,173.41
Tax ProvisionProv. for Income Tax F. Y. 2011-12 90,81,619.00Prov. for Income Tax F. Y. 2012-13 3,10,00,000.00Prov. for Income Tax F. Y. 2013-14 1,60,00,000.00
10,86,77,443.43 9,66,97,386.94
4,28,98,21,240.52 Total C/F. 4,68,26,17,049.63
----------------------
90,81,619.003,10,00,000.00
-----------
< P.
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 15 gZ 2013-2014
AS ON 31ST MARCH 2014
31.03.2013< P. < P.
31.03.2014< P.
qOXJr d ¶oUrPROPERTY & ASSETS
1 Cash
1,93,57,877.00 Cash in Hand 1,33,66,927.00
Balances with Reserve Bank of India,
State Bank of India
63,31,82,192.55 State Co-op. Bank & Central Co.op. Bank 33,32,56,748.51
65,25,40,069.55 34,66,23,675.51
2 Balances with Other Banks
9,65,62,143.93 Current Deposit 7,55,00,694.21
41,75,00,000.00 Fixed Deposit 64,30,00,000.00
51,40,62,143.93 71,85,00,694.21
2,00,00,000.00 3 Money at Call & Short Notice 6,00,00,000.00
4 Investments
57,225.00 Shares in Co-op. Societies 57,225.00
82,62,68,750.00 Investment in Govt. Securities 91,95,15,750.00(Net of Amortization on Investment of Rs. 51,53,000/-)
1,00,00,000.00 Investment in Bonds 1,00,00,000.00
1,00,000.00 Deposit with Clearing Corpo. of India Ltd. 1,00,000.00
83,64,25,975.00 92,96,72,975.00
2,06,87,54,639.22 5 Advances (As Per Shedule “B”) 2,31,07,93,849.43
6 Interest Receivable
10,72,83,204.34 On advance 13,38,40,594.97
1,86,59,577.05 On Investments 3,49,01,360.45
12,59,42,781.39 16,87,41,955.42
12,18,075.45 7 Bills Receivable (as per contra) 4,08,162.00
8,50,73,408.99 8 Fixed Assets (As per Schedule “C”) 8,49,85,895.06
26,27,200.20 9 Branch Adjustments 3,07,67,819.89
10 Other Assets
14,08,567.95 Stock of Stationery on Hand 15,76,887.88
52,50,890.00 Deposit for Premises 58,35,315.00
6,24,763.00 Prepaid Expenses 13,56,997.00
19,96,327.00 Deposit of K. R. Hedge Fund 21,99,076.00
41,731.00 Advance for Expenses 4,582.00
6,04,814.00 Miscellaneous Deposits 5,94,996.00
19,350.00 Stamp Documents on Hand 1,740.00
70,863.61 Service Tax Cenvat Credit 10,50,982.10
Advance Tax Paid
Advance Tax Paid 2011-12 90,81,619.00
Advance Tax Paid 2012-13 3,10,00,000.00
Advance Tax Paid 2013-14 1,30,00,000.00
5,00,98,925.56 6,57,02,194.98
4,35,67,43,219.29 Total C/F... 4,71,61,97,221.50
90,81,619.00
3,10,00,000.00
-----------
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 16 gZ 2013-2014
BALANCE SHEET
31.03.2013< P. < P.
31.03.2014< P.
^m§S>dc d XoUrCAPITAL & LIABILITIES
4,28,98,21,240.52 B/F 4,68,26,17,049.63
9 Profit and Loss Accounts
2,00,94,562.74 Balance As per last Balance Sheet 6,69,21,978.77
Less : Appropriations
50,23,132.22 Statutory Reserve 2,50,95,742.00
Dividend for the year 67,45,223.00
1,50,63,918.60 Building Fund 1,00,80,000.00
General Reserve 2,50,00,000.00
7,511.92 Balance Carried Forward 1,013.77
6,69,14,466.85 Net Profit as per P/L A / C 3,35,79,158.10
6,69,21,978.77 3,35,80,171.87
4,35,67,43,219.29 Total Rs. 4,71,61,97,221.50
Contingent Liabilities For Guarantee issued
35,52,460.00 on behalf of constituents as per Contra 34,57,348.00
10,27,957.00 Other Contigent Liabilities 10,27,957.00
-----------
-----------
Place : MumbaiDate : 06/08/2014
For M/s. Shankarlal Jain & AssociatesChartered Accountants FRN - 109901W
(S. L. Agrawal) Partner M. No. 72184
Shri S. D. PatelAsst. Gen. Manager
Shri N. R. SwamiChief Executive Officer
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 17 gZ 2013-2014
AS ON 31ST MARCH 2014
31.03.2013< P. < P.
31.03.2014< P.
qOXJr d ¶oUrPROPERTY & ASSETS
4,35,67,43,219.29 B/F 4,71,61,97,221.50
4,35,67,43,219.29 Total Rs. 4,71,61,97,221.50
Contingent Liabilities for Guarantee issued
35,52,460.00 on behalf of Constituents as per Contra 34,57,348.00
10,27,957.00 Other Contingent Liabilities 10,27,957.00
Adv. K. S. DesaiDirector
CA. Chitkala U. KulkarniDirector
CS. S. T. KharmateDirector
CA. L. W. KaleVice-Chairman
{X Z°eZc H$mo-Am°nao{Q>ìh ~±H$ {c{‘Q>oS>
67 dm dm{f©H$ Ahdmc 18 gZ 2013-2014
PROFIT & LOSS ACCOUNT
31.03.2013< P.
31.03.2014< P.
IM©EXPENDITURE
1 Interest on
25,57,36,855.57 a) Deposits R>odrdarc ì¶mO 30,18,88,336.14
40,94,596.00 b) Borrowings H$Om©darc ì¶mO 28,30,718.00
4,96,05,190.00 2 Salary, Allowances, Provident Fund & Gratuity 5,21,65,901.60
nJma d BVa ̂ Îmo d ̂ {dî¶ {Zdm©h {ZYr
5,39,359.00 3 Director's Fees and committe Expenses 7,68,778.00
g§MmcH$ ‘§S>imMr ’$s d ̂ Îmo (~¡R>H$ IM© d ~¡R>H$ ̂ Îmo)
1,64,07,541.00 4 Rent, Taxes, Insurance & Lighting 1,89,94,397.00
^mS>o, H$a, ~r‘m, {dOoMr {~co
3,54,095.00 5 Legal Charges H$m¶Xm gëcmJma IM© 7,70,254.00
14,00,121.63 6 Postage & Telephone 16,35,079.80
Q>nmc d XÿaÜdZr IM©
6,00,000.00 7 Audit Fees {heo~ VnmgUr ’$s 6,00,000.00
41,61,198.64 8 Depreciation on Assets Kgmam 46,61,073.64
16,49,798.38 9 Printing, Stationery & Advertisements 16,23,582.57
N>nmB©, coIZgm‘wJ«r d Om{hamV
1,74,61,214.36 10 Repair and Maintenance Xþê$ñVr 1,08,39,700.17
95,20,487.37 11 Sundry Expenses BVa IM© 77,50,846.72
69,10,752.07 12 Bad Debts Written Off
14,97,210.15 13 Concurrent Audit Fees 15,15,395.50
51,57,000.00 14 Amortization on Investments 51,53,000.00
Jw§VdUwH$sdarc Kgmam
15 Provision for
97,15,000.00 a) Bad & Doubtful Debt g§e{¶V d ~wT>rV {ZYr 50,00,000.00
2,85,000.00 b) Provision for Standard Assets 8,00,000.00
3,10,00,000.00 c) Taxation 1,60,00,000.00
2,30,000.00 d) Special Res. U/S 36(I) (viii) of I.T.Act for Hsg.Loan 3,61,749.06
6,69,14,466.85 f) Net Profit Carried over to
{Zìdi Z’$m Vmio~§XmH$S>o dJ©
48,32,39,886.02 Grant Total 46,71,77,970.30
-----------
----------- e) Investment Depreciation Reserve 2,40,000.00
Balance Sheet 3,35,79,158.10
Place : MumbaiDate : 06/08/2014
For M/s. Shankarlal Jain & AssociatesChartered Accountants FRN - 109901W
(S. L. Agrawal) Partner M. No. 72184
Shri S. D. PatelAsst. Gen. Manager
Shri N. R. SwamiChief Executive Officer
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67 dm dm{f©H$ Ahdmc 19 gZ 2013-2014
FOR THE YEAR ENDED ON 31ST MARCH 2014
31.03.2013< P.
31.03.2014< P.
CËnÞINCOME
24,80,17,776.97 1) Interest received on Advances 28,49,80,931.34
H$Om©da {‘imcoco ì¶mO
6,73,00,144.34 2) Interest received on securities 6,94,19,380.70
Jw§VdUyH$sdarc ì¶mO
14,29,15,637.96 3) Interest received on Deposits/Call Money/Mutual Fund 9,19,33,139.80
‘wXV R>odrVrc Jw§VdUyH$sdarc ì¶mO
9,28,900.00 4) Locker Rent Received 8,13,139.00
gwa{jV O_m H$jmdarb ì`mO
5) Profit on Sale of G-Securities 7,65,000.00
gaH$mar Jw§VdUyH$sdarb bm^m§e
60.00 4) Dividend on Investments 4,022.00
Jw§VdUyH$sdarc cm^m§e
6,10,136.67 5) Commission, Exchange & Brokerage 11,91,863.00
hþ§S>Umdi d Xcmcr
1,41,69,294.64 6) Miscellaneous Income 1,46,94,894.46
BVa CËnÞ
69,10,752.07 7) Transfer from BDDR
19,68,051.37 8) Income Tax Provision written back
3,08,132.00 9) Interest on IT Refund
1,11,000.00 10) Recovery from Written Off A/cs. 33,75,600.00
48,32,39,886.02 Grand Total 46,71,77,970.30
-----------
-----------
-----------
-----------
Adv. K. S. DesaiDirector
CA. Chitkala U. KulkarniDirector
CS. S. T. KharmateDirector
CA. L. W. KaleVice-Chairman
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67 dm dm{f©H$ Ahdmc 20 gZ 2013-2014
RESERVE FUND AND OTHER RESERVES AS ON 31/03/2014SCHEDULE - "A"
Reserve Fund and Other Reserves As at 31/03/2013 Addition During Year Deduction During Year
Statutory Reserves 5,99,54,864.92 2,51,58,832.00 --- 8,51,13,696.92
Building Fund 5,25,13,247.60 1,68,25,223.00 --- 6,93,38,470.60
Dividend Equalisation Fund 35,00,000.00 --- --- 35,00,000.00
Bad and Doubtful Debt Reserve 11,68,12,954.11 50,00,000.00 --- 12,18,12,954.11
Provision Against Standard Assets 84,00,000.00 8,00,000.00 --- 92,00,000.00
Investment Deperciation Reserve 15,90,000.00 2,40,000.00 --- 18,30,000.00
Millenium Fund 15,00,000.00 ---- ---- 15,00,000.00
Welfare Fund 18,066.00 ---- --- 18,066.00
General Reserve 88,40,000.00 2,50,00,000.00 --- 3,38,40,000.00
I. T. upgradation Fund 25,00,000.00 --- --- 25,00,000.00
K. R. Hegde Mem. Fund 19,96,327.00 2,02,749.00 --- 21,99,076.00
Other Reserves against Impaired Asset 61,57,000.00 --- --- 61,57,000.00
Revaluation Reserve on Immovable Property 5,54,41,579.59 --- 4,67,618.29 5,49,73,961.30
Special Reserve U/s.36 (1) (viii) of Income
Tax Act 4,77,607.82 3,61,749.06 --- 8,39,356.88
Total 31,97,01,647.04 7,35,88,553.06 4,67,618.29 39,28,22,581.81
As at 31/03/2014
For M/s. Shankarlal Jain & AssociatesChartered Accountant FRN. 109901 w
&
S. L. Agrawal (Partner)M. No. 72184
For The National Co. op.erative Bank Limited
for and on behalf of Board of Directors
Shri. S. D. PatelAsst. Gen. Manager
Shri. N. R. SwamiChief Exective Officer
CA. Chitkala U. KulkarniDirector
CS. S. T. KharmateDirector
Adv. K. S. DesaiDirector
CA. L. W. KaleVice Chairman
Place : Mumbai
Date : 06/08/2014
(Amt. in Rs.)
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ADVANCESSCHEDULE - "B"
ADVANCES As at 31/03/2013A. SHORT TERM LOANS - OVERDRAFTS
CASH CREDIT & BILLS DISCOUNTED 94,76,31,516.32 1,07,75,43,230.57
a. Of Which secured against
i. Govt. Securities 23,37,591.43 25,94,682.52
ii. Other Tangible Securities 90,70,62,611.13 1,03,68,24,153.32
b. Of these advance :
i. Amount due from individuals 44,78,84,858.90 39,02,34,083.06
ii. Amount overdue 38,26,773.79 19,76,202.96
iii. Considered Bad & Doubtful of recovery 4,72,96,205.74 4,69,00,887.94
B. MEDIUM TERM LOANS 65,46,42,997.66 65,16,35,424.13
a. Of which secured against :
i. Govt. Securities 4,52,466.00
ii. Other Tangible Securities 65,06,50,834.10 64,31,00,123.72
b. Of these advance :
i. Amount due from individuals 52,17,35,475.16 52,89,81,408.16
ii. Amount overdue 1,43,81,439.74 1,33,33,027.56
iii. Considered Bad & Doubtful of recovery 1,42,44,799.31 2,51,77,516.39
C. LONG TERM LOANS 46,64,80,125.24 58,16,15,194.73
a. Of which secured against :
i. Govt. Securities ----
ii. Other Tangible Securities 46,21,88,711.50 57,89,12,999.93
b. Of these advance :
i. Amount due from individuals 43,18,48,875.86 45,14,89,318.10
ii. Amount overdue 32,56,087.50 61,95,436.75
iii. Considered Bad & Doubtful of recovery 4,24,78,494.38 4,60,31,837.64
TOTAL 2,06,87,54,639.22 2,31,07,93,849.43
As at 31/03/2014
Shri. S. D. PatelAsst. Gen. Manager
Shri. N. R. SwamiChief Exective Officer
CA. Chitkala U. KulkarniDirector
CS. S. T. KharmateDirector
Adv. K. S. DesaiDirector
CA. L. W. KaleVice Chairman
Place : Mumbai
Date : 06/08/2014
(Amt. in Rs.)
For M/s. Shankarlal Jain & AssociatesChartered Accountant FRN. 109901 w
&
S. L. Agrawal (Partner)M. No. 72184
For The National Co. op.erative Bank Limited
for and on behalf of Board of Directors
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FIXED ASSETSSCHEDULE - "C"
Shri. S. D. PatelAsst. Gen. Manager
Shri. N. R. SwamiChief Exective Officer
CA. Chitkala U. KulkarniDirector
CS. S. T. KharmateDirector
Adv. K. S. DesaiDirector
CA. L. W. KaleVice Chairman
Place : Mumbai
Date : 06/08/2014
FIXED ASSETS
As at31/03/2013
Revaluation
OpeningBalance
As at01/04/2013
AdditionDuring
the year
DeletionDuring
the yearDepreciation Amortization
ClosingBalance as
at31/03/2014
Premise 57,80,708.78 5,54,41,579.59 6,12,22,288.37 - - 4,67,618.29 4,67,618.29 6,02,87,051.79
Furniture &
Fixture - - 1,70,37,487.12 10,29,664.00 - 17,86,727.96 - 1,62,80,423.16
Computer - - 39,33,484.90 23,34,852.00 3,52,046.00 17,80,774.37 - 41,35,516.53
Office
Equipment - - 28,80,148.60 20,29,208.00 500.00 6,25,953.02 - 42,82,903.58
TOTAL 57,80,708.78 5,54,41,579.59 8,50,73,408.99 53,93,724.00 3,52,546.00 46,61,073.64 4,67,618.29 8,49,85,895.06
Reserveas at
31/03/2013
Revaluationreserve
W. D. V.
(Amt. in Rs.)
For M/s. Shankarlal Jain & AssociatesChartered Accountant FRN. 109901 w
&
S. L. Agrawal (Partner)M. No. 72184
For The National Co. op.erative Bank Limited
for and on behalf of Board of Directors
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STATUTORY AUDITOR’S REPORT
FOR THE YEAR ENDED 31st MARCH 2014 [ As required under section 31 of the Banking Regulation Act, 1949 and Rule 69 of MCS Rule 1961
(as applicable to Co-Operative Societies) ]
1. We have audited the accompanying Financial Statements of The National Co-operative Bank Ltd as at 31st March, 2014, which comprises the Balance Sheet as at 31st March 2014, Profit and Loss Account and the Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Incorporated in these financial statements are the returns of 12 branches and Head Office audited by us.
Management’s Responsibility for the Financial Statements.
2. Management is responsible for the preparation of these Financial Statements in accordance with The Maharashtra Co-operative Societies Act, 1960 and rules thereunder and The Banking Regulation Act, 1949, (as applicable to Co-operative Societies). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility:
3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
4. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The Procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Bank’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified Audit opinion.
Opinion.
6. In our opinion, and to the best of our information and according to the explanations given to us,
(i) The Balance Sheet, read with the notes thereon is a full and fair Balance Sheet containing all the necessary particulars and is properly drawn up so as to exhibit a true and fair view of state of affairs of the Bank as at 31
st March 2014 in conformity with accounting principles generally accepted in India.
t;
(ii) The Profit and Loss Account, read with the notes thereon shows a true balance of profit,
in conformity with accounting principles generally accepted in India, for the year covered
by the accoun
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67 dm dm{f©H$ Ahdmc 24 gZ 2013-2014
(iii) The Cash Flow Statement gives a true and fair view of the cash flows for the year ended
on that date; and
(iv) The Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with the
applicable accounting standards.
Report on Other Legal and Regulatory Requirements.
7. The Balance Sheet and the Profit and Loss Account have been drawn up in Forms “A” and “B” respectively of the Third Schedule to The Banking Regulation Act, 1949 (as applicable to Co-operative Societies).
8.
As required by The Maharashtra Co-operative Societies Act, 1960, The Maharashtra Co-operative Societies Rules 1961 and The Banking Regulation Act, 1949 (as applicable to Co-operative Societies), we further report that:-
a. We have obtained all the information and explanations, which to the best of our
knowledge and belief were necessary for the purpose of our audit and have found them
to be satisfactory.
b. In our opinion, proper books of account as required by law have been kept by the Bank
so far, as appears from our examination of those books and proper returns adequate for
the purpose of our audit have been received from the branches of the Bank.
c. In our opinion and according to the information and explanations given to us, there is no
material impropriety or irregularity in the expenditure or in the realization of money due to
the Bank.
d. The Balance sheet, Profit and Loss Account and Cash Flow statement dealt with by this
report are in agreement with the books of account.
e. The transactions of the Bank, which have come to our notice, have been within the
powers of the Bank.
9. Based on the making system prescribed by the Registrar & Commissioner for Co-operation,
Government of Maharashtra for awarding Audit Classification to Urban Co-operative Banks,
the Bank is awarded Audit Classification “A” for the financial year 2013-14.
For SHANKARLAL JAIN & ASSOCIATES, CHARTERED ACCOUNTANTS,
FRN : 109901W
( S.L.AGRAWAL ) PARTNER M.NO.72184
PLACE : MUMBAI DATED : 6TH AUGUST 2014
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NOTES FORMING PART OF ACCOOUNTS FORTHE YEAR ENDED ON 31st MARCH, 2014
1) OVERVIEW
The National Co-op. Bank Ltd. (National Bank) was incorporated in 21.05.1947 and has completed its 67TH year of provision of wide range of Banking & Financial Services including Commercial & Retail Banking and Treasury Operations through its 12 branches and Head Office in Mumbai.
2) BASIS OF PREPARATION
The financial statements have been prepared and presented under the historical cost convention on the accrual basis of accounting, unless otherwise stated, and comply with generally accepted accounting principles, statutory requirements prescribed under the Banking Regulation Act 1949, and the Maharashtra State Co-operative Societies Act, 1960, circulars and guidelines issued by the Reserve Bank of India ('RBI') from time to time, the Accounting Standards ('AS') issued by the Institute of Chartered Accountants of India ('ICAI') and current practices prevailing within the banking industry of India.
3) USE OF ESTIMATES
The preparation of the financial statements, in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and disclosure of contingent liabilities at the date of the financial statements. Actual results could differ from those estimates. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable. Any revisions to the accounting estimates are recognized prospectively.
II. SIGNIFICANT ACCOUNTING POLICIES
1. Accounting Convention
The financial statements are drawn up keeping in mind the historical costs and going concern concept and in accordance with generally accepted accounting principles and practices prevailing in Co-Operative Banks in India except otherwise stated.
2. Revenue Recognition
Income and expenditure are accounted on accrual basis except as stated below:
a) Interest on Advances classified as Sub-standard, Doubtful or Loss Assets is recognized on realization. Unrealised interest on non-performing advances is shown under Overdue Interest Reserve and correspondingly shown under Interest Receivable.
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b) Commission, Exchange and Locker Rent are recognized as income on receipt basis.
c) Broken period interest in respect of investments is treated as an item of revenue in Profit and Loss Account.
3. Investments
a) The Bank has classified the investments in accordance with the RBI guidelines applicable to Urban Co-Operative Banks. Accordingly, classification of investments for the purpose of valuation is done under the following categories:
Held to Maturity (HTM)
Held for Trading (HFT)
Available for Sale (AFS)
b) Investments under HTM category are valued at face value. Premium, if any, on investments under HTM category is amortised over the residual life of the particular investment.
c) Investments under "HFT" and "AFS" categories have been marked to market on the basis of guidelines issued by Reserve Bank of India. While net depreciation, if any, under each classification has been provided for, net appreciation, if any, has been ignored.
d) For the purpose of valuation, market value in the case of State Govt. and other Securities, for which quotes are not available, is determined on the basis of the "Yield to Maturity" indicated by Primary Dealers Association of India (PDAI) jointly with Fixed Income and Money Market Derivates Association of India (FIMMDA).
4. Advances
a) Advances are classified into Standard, Sub-Standard, Doubtful and Loss Assets in accordance with the guidelines issued by the Reserve Bank of India from time to time.
b) Provision on Advances categorized under Sub-Standard, Doubtful and Loss Assets is made in accordance with the guidelines issued by the Reserve Bank of India. In addition, a general provision on standard assets is made as per RBI guidelines.
5. Fixed Assets and Depreciation
a) Fixed Assets are stated at written down value.
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b) Depreciation on Fixed Assets is charged on written down value (WDV) basis as
per the rates determined by the management except in the case of computer where the
depreciation is charged as per the rate stipulated in RBI circular. The rates of
depreciation are as under:
Premises: 10% ii) Furniture & Fixture:10%
iii) Office Equipment: 15% iv) Computer: 33.33%
c) The surplus on revaluation of ownership premises has been credited to the
Revaluation Reserve Account in the Balance Sheet. This reserve will be used to
adjust depreciation over the remaining useful life of the assets.
d) Profit/ Loss on sale or disposal of asset is recognized in the year in which such
sale or disposal takes place.
e) Depreciation on fixed assets purchased during the year is charged for entire
year if the asset is purchased and retained for 180 days or more, otherwise it is charged
at 50% of the normal rate.
6. Staff Retirement Benefits
a) Provident fund contributions are made to Government Provident Fund on
actual basis.
b) Gratuity liability towards employees is covered by policy with LIC under group
gratuity & insurance scheme and an annual contribution is made to LIC accordingly.
7. Foreign Exchange Transaction:-
The bank does not have any Foreign Exchange Business.
8. Provisions contingent liabilities and contingent assets:
As per Accounting Standard 29, Provisions, Contingent Liabilities and contingent
Assets issued by the Institute of Chartered Accountants of India, the bank recognizes
provisions only when it has a present obligation as a result of past events and the
Existence of which will be confirmed only by the occurrence or non-occurrence of one
or more uncertain future events not wholly within the control of the Bank.
Contingent Assets are not recognized since this may result in the recognition of income
that will never be realized.
III. NOTES ON ACCOUNTS 1) In view of taxable income of the Bank for the year, the Bank has made a
provision for income tax of Rs.160.00 lacs. 2) The Bank has made provision towards bad and doubtful debts of Rs. 50 lacs. To
claim deduction u/s. 36(1)(viia) of the Income Tax Act the bank has made provision of Rs 3.62 lacs . Further the bank has also made provision of Rs 8 lacs for standard assets.
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3) Certain items of Income & Expenditure as stated in Para '2' of the significant accounting policies are accounted on cash basis. These are in deviation from the generally accepted practices and as laid down by Accounting Standard-9 on 'Revenue Recognition' issued by The Institute of Chartered Accountants of India, which specifies that such items to be accounted for on accrual basis of accounting. This has resulted in such items being accounted for only in the year of realization / payment instead of splitting the same over two or more accounting periods due to the nature of the transactions. In the Opinion of the management, these incomes will not have any material impact on the profit of the bank.
4) An old debit entry of Rs. 1,25,101 in Interest Payable is pending for adjustment since 2000, which could not be located. Similarly, balancing difference in interest payable account of Nariman Point branch and Nerul branch of Rs. 8,23,226 and Rs.5,07,847 respectively. The Bank has made provision for the same in the accounts.
5) The Bank had made provisions towards long pending entries in branch
adjustment bank balances of RBI, Maharashtra State Co-op. Bank and Inter Branch.
Details of which are as under:
ParticularsAmount
(Rs. in lacs)
MSC Bank Dr. Entries 27.74
RBI Dr. Entries 2.82
Inter Branch Entries 30.82
Total 61.38
The same is credited to other reserve against Impaired Assets.
6) a) Bank has Gratuity Fund with LIC and Bank has made contribution of Rs
36,93,711/- for gratuity payment for all employees upto December 2013 as per advice
of LIC . Further, Bank had made payment of Rs 14.81 lacs till March 2014
b) Bank has made provision for Leave Encashment of Rs 12.17 lacs on accrual
basis instead of actuarial valuation which is not in accoradance with AS -15 regarding
retirement benefits.
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7) The Bank is a Co-operative Society under the Maharashtra State Co-operative Societies
Act, 1960 and there are no Related Parties requiring disclosure under Accounting Standard 18
issued by I.C.A.I., other than Key Management Personnel i.e. Mr. N R Swami, the Chief
Executive Officer of the Bank. However, in terms of the Reserve Bank of India Circular dated
29.03.2003, he being a single party covered by this category, no further details thereon need to
be disclosed.
8) Since Bank does not have any Subsidiary Companies/ Co-Operative Societies, the
Accounting Standard 21 (AS-21) regarding consolidated financial statements is not applicable
to the Bank.
9) The Bank has ascertained that there is no material impairment of any of its assets and as
such no provision under Accounting Standard 28 on Impairment of Assets (AS 28) issued by the
ICAI is required.
10) Contingent Liability
Details of contingent liability as required under AS-29 are disclosed as under:
Particulars Amount (Rs.)
2012-13
Amount (Rs.)
2013-14
Guarantees issued 35,52,460.00 34,57,348.00
Other Coningent Liabilities
Nariman Point, Recovery Dept. 1,88,716.00 1,88,716.00
Colaba - Property Tax 8,39,241.00 8,39,241.00
Total 45,80,417.00 44,85,305.00
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12) AS -19 Lease Accounting
As per the definition of leases as provided in Accounting Standard - 19 pertaining to lease
accounting the bank has only operating lease payments due as on 31/03/2014. There are no
financial lease payment dues as on 31/03/2014.
ParticularsSr. 31.03.2013 31.03.2014
1) Not later than one year 39,663.00 11,47,452.00
2) Later than one year and not later then 1,51,61,124.00 1,09,33,363.00
three years
3) Later than three years NIL NIL
Total 1,52,00,787.00 1,20,80,815.00
ParticularsSr. 31.03.2013 31.03.2014
1) Basic & Diluted Earnings Per Share
A. Net Profit after Provision for Taxation 6,69,14,467.00 3,35,79,158.00
B. Equity Share Capital 7,07,87,440.00 7,30,41,950.00
C. Nominal Value Per Share 10.00 10.00
D. No of Equity Share (B) / (C) 70,78,744 73,04,195
Earnings Per Share (A) / (D) 9.45 4.60
11) AS - 20 Earnings Per Share :
Basic & Diluted earnings per equity share have been computed by dividing net profit after
taxation by the number of equity shares outstanding at the close of the year.
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13) AS - 17 Segmental Reporting
1) SEGMENT REVENUE
a) Retail Banking Operations 25,65,78,566.00 29,03,61,533.00
b) Treasury & Investment Operations 21,02,15,842.00 16,21,21,543.00
c) Other Banking Operations 1,64,45,478.00 1,46,94,894.00
Income from Operations 48,32,39,886.00 46,71,77,970.00
2) SEGMENT RESULT
a) Retail Banking Operations (12,35,89,853.00) (12,18,44,279.00)
b) Treasury & Investment Operations 20,50,58,842.00 15,67,28,543.00
c) Other Banking Operations 1,64,45,478.00 1,46,94,894.00
Total Profit Before Tax 9,79,14,467.00 4,95,79,158.00
Provision for Taxation 3,10,00,000.00 1,60,00,000.00
Net Profit C/F to Balance Sheet 6,69,14,467.00 3,35,79,158.00
3) CAPITAL EMPLOYED
Segment Assets
a) Retail Banking Operations 3,02,40,76,048.00 2,99,55,41,267.00
b) Treasury & Investment Operations 1,29,25,85,552.00 1,66,75,74,335.00
d) Unallocated (advance Tax Paid) 4,00,81,619.00 5,30,81,619.00
Total Asstes 4,35,67,43,219.00 4,71,61,97,222.00
Segment Liabilities
a) Retail Banking Operations 3,85,83,42,693.00 4,15,97,63,815.00
b) Unallocated (Tax & Dividend Payable) 4,09,89,460.00 5,69,88,703.00
Total Liabilities 3,89,93,32,153.00 4,21,67,52,518.00
Net Segment Assets/(Liabilities)
a) Retail Banking Operations
b) Treasury & Investment Operations
c) Unallocated (9,07,841.00) (39,07,084.00)
45,74,11,066.00 49,94,44,704.00
Net Segment Results (Reconciliaion)
Share Capital 7,07,87,440.00 7,30,41,950.00
Reserve Fund 31,97,01,647.00 39,28,22,582.00
Profit & Loss A/c. Credit Balance 6,69,21,979.00 3,35,80,172.00
45,74,11,066.00 49,94,44,704.00
(83,42,66,645.00) (1,16,42,22,548.00)
1,29,25,85,552.00 1,66,75,74,335.00
31.03.2013
< P.
31.03.2014
< P.
Sr. No.
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67 dm dm{f©H$ Ahdmc 32 gZ 2013-2014
14) Salary & Allowances includes (Amt. in Lacs)
Particulars Previous Year Current Year
Ex-gratia 39.45 49.74
Group Gratuity contribution 21.55 12.32
PL Encashment (includes for prior period) 50.00 12.17
15) In arriving of the provisioning for NPAs the value of security is taken as estimated by the bank as per last valuation report/market quotation whatever available and in other cases as certified by the bank. 16) Bank balances include fixed deposit amounting to Rs 16.50 crore pledged with MSC Bank against overdraft limit of Rs 13.02 crore to the bank. The outstanding balance against the said facilities as on 31.3.2014 is NIL and for previous year also it is NIL . 17) The Bank has recognized timing difference between Book profit and Tax profit as required under AS-22 issued by ICAI.Deffered Tax Liablity has been determined as Rs 7.34 lacs. However the same since has been provided in the year 2014-15. 18) Details regarding disclosure norms prescribed for UCBs as per circular no UBD CO BPD ( PCB) Cir. no 52/12.05.001/2013-14 dt 25.3.2014.
(Amt. in Lacs)
Sr no 31.3.2013 31.3.2014 1 Capital to Risk Weight Asset Ratio ( CRAR) 16.26 % 16% 2 Movement of CRAR 4.22 ( 0.26) 3 Investm ent
A Face Va lue 8200.00 9200.00 Book value 8262.69 9195.16 B Market Value 8020.60 8598.80 CCIL 1.00 1.00
Shares in Co-operative institution/approved financial institutions
0.57 0.57
C Details of issuer composition of Non – SLR investment and non performing Non –SLR investment (UBD.Co.BPD.( PCB) Ci r. No 45/16.20.00/2003-04 dated April 15,2004 and
UBD.(PCB) BPD Cir No.14/16.20.00/2007-08) dated September 18,2007)
(i)Issuer Composition of Non SLR Investments
( Amount in Lacs) No Issuer Amount Extent of “ Below
investment grade Securities”
Extent of “ unrated Securities”
Extent of “ unlisted Securities”
(1) (2) ( 3) (4) (5) (6) 1 PSUs Nil NIL NIL NIL 2 FIs NIL NIL NIL NIL 3 Public Sector Banks 100.00 NIL NIL NIL 4 Mutual Funds NIL NIL NIL NIL 5 Others NIL NIL NIL NIL 6 Provision Held
towards Depreciation NIL NIL NIL NIL
Particulars
-- --
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(ii)Non-Performing Non SLR Investment
(Amount in Lacs)
Particulars Amount Opening Balance NIL Additions during the year Since 1st
April
NIL
Reduction during the above period NIL Closing Balance NIL Total Provision Held NIL
31.03.2013 31.03.2014 4 Advances against real estate, construction business , housing 4875.80 3619.10 5 Advances against shares & debentures NIL NIL 6 Advances to Directors , their relatives , companies /firms in
which they are interested a Fund- based NIL NIL b Non –fund based (Guarantee, L/C etc.) NIL NIL 7 Cost of deposit : Average Cost of Deposit 7.66 % 7.96%
NIL NIL
NIL NIL
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TotalNumber of BorrowersAmountOutstandingSacrifice(diminutionin the fair value)
No Case is pending for process of restructured during the period
19) Previous year figures have been regrouped / rearranged wherever necessary to conform to the layout of the account of the current year
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The area of operation of the bank shall be confined to entire State of Maharashtra.For any revision in this regard, approval in writing of the Reserve Bank of India as also the registering authority shall be necessary.
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67 dm dm{f©H$ Ahdmc 36 gZ 2013-2014
Agenda No.8
To take note of the Annual Budget and Development Plan for the Financial Year 2
FINANCIAL & REVENUE BUDGET FOR THE YEAR 2014‐15
PARTICULARSFINANCIAL YEAR
2013-14
ESTIMATED
VARIATION DURING
F.Y.2014-15
BALANCE SHEET
SHARE CAPITAL 730.42 25.00
RESERVES & SURPLUS 3928.23 336.97
DEPOSITS 39797.93 6902.07
INVESTMENTS 18440.73 2000.00
LOANS 23107.94 5192.06
WORKING CAPITAL 45819.48 3216.69
INCOME
INTEREST ON LOANS 2849.81 400.19
INVESTMENTS 1613.53 150.00
COMMISSION & DIVIDEND 11.95 5.00
OTHER INCOME 196.49 10.00
TOTAL INCOME 4671.78
EXPENDITURE
INTEREST ON DEPOSITS 3047.19 450.00
SALARY & ALLOWANCES 521.66 35.00
RENT & TAXES, INSURANCE &
ELECTRICITY 189.94 25.00
LEGAL FEES & AUDIT FEES 28.85 9.61
POSTAGES & TELEGRAM 16.35 3.00
DEPRECIATION 46.61 5.00
STATIONERY, PRINTING & ADVT. 16.24 1.00
OTHER EXPENSES 245.13 15.00
PROVISIONS 64.02 61.50
TOTAL EXPENDITURE 4175.99
PROFIT (BEFORE TAX) 495.79
014-15.
(Rs. In Lacs)
TOTAL
F.Y. 2014-15
755.42
4265.20
46700.00
20440.73
28300.00
49036.17
3250.00
1763.53
16.95
206.49
5236.97
3497.19
556.66
214.94
38.46
19.35
51.61
17.24
260.13
61.50
4717.08
519.89