Annual General Meeting NOTICE (Only for Members) The Annual General Meeting of the The Karad Urban Coop. Bank th Ltd., Karad will be held on Sunday, 4 Aug. 2013 at 11.30 a.m. at Head Office of the Bank, 516/2, Shahu Chowk, Shaniwar Peth, Karad to transact the following business. AGENDA 1. To read and confirm the minutes of the Special General Meeting held on 07.04.2013. 2. To approve the Annual Report for the year 20122013 alongwith Balance Sheet and Profit & Loss Account. 3. To take note of Statutory Auditor's Report 20122013. 4. To accord sanction to the appropriation of profit for the year ended 31032013. 5. Toappoint Statutory Auditors for the year 2013 2014 and fix their remuneration. 6.(A) To consider and approve the proposal of conversion of bank (which is registered under MCS Act 1960) under Multi State Coop. Societies Act 2002 and to extend the area of operation of the bank in the whole states of Maharashtra, Karnataka & Gujarat and to approve all the matters related to it. (B) To consider and approve ByeLaws as per Multi state Cooperative Societies Act 2002, as recommended by the Board of Directors. 7. To Sanction the project of Rs.10 Crs. of the proposed expanssion of Head Office Building. 8. To Sanction the purchase of existing premises of Staff Training & Research Centre at Vidyanagar. 9. To confirm the waiver of interest and recovery charges in respect of OTS and compromise borrowers cases, as certified by the statutory auditors. 10. To sanction the Staffing Pattern of the bank. 11. To take note of loans and advances sanctioned to Directors and thier relatives. 12. To confirm the Capital Expences. 13. To consider any other subject with the permission of the Chairman. Members are hereby requested to attend the meeting. Place : KARAD DATE : 17/07/2013 By Order of the Board of Directors CA. D.M.Gurav CHIEF EXECUTIVE OFFICER NOTE : 1. Annual Report, BalanceSheet & P/L Account will be made available on pre intimation of the members at registered Head Office & all branches of the Bank. 2. Annual Report, BalanceSheet & P/L Account is published on Bank's website "www.karadurbanbank.com." 3. If there is no quorum the meeting will stand adjourned and the adjourned meeting will be conducted after one hour as per provisions in ByeLaw No.24 to transact the above business at the same venue. 4. Additional information, clarification, pertaining to above business is require, members are requested to write to the Head Office on or before 27.07.2013. 5. Attendence Certificate as per amended CoOp. Law will be given to members attending the said meeting. Please note that, Attendence Certificate is the part of this Notice. Entry in the meeting hall is allowed only with this Notice & Photo ID. 96 ì`m dm{f H$ gd gmymau g^omr gymzm (\$ŠV g^mgxm gmr>r) {X H$amS> A~ Z H$moAm n. ~±H$ {c., H$amS>Mr 96 dr dm{f H$ gd gmymau g^m a{ddma {X. 4 Am JñQ> 2013 amoor gh$mir 11.30 dmovm ~±Ho$Mo _w»` H$m`m c`, emhÿ Mm H$, 516/2, e{zdma nor>, H$amS> `owo KoÊ`mV `ouma Amho. `m g^ov Imcrc {df`m Mm {dmma hmob c. g^onwt>rc {df` 1) {X. 07.04.2013 amoor Pmboë`m {deof gd gmymau g^omm d Îmm V dmmyz H$m`_ H$aUo. 2) gz 20122013 dfm À`m ~±Ho$À`m H$m_H$mOm~Ôb Ahdmb, Z\$mVmoQ>m nìh$ d Vmio~ X nìh$_ Oya H$aUo. 3) gz 20122013 À`m d Ym{ZH$boImnarjU AhdmbmMr Zm X KoUo. 4) gz 20122013 À`m Z\$m dmq>urg _ Owar XoUo. 5) gz 20132014 gmbmh$[avm d Ym{ZH$ boimnarjh$m Mr {Z`wº$s H$aUo d Ë`m Mm _ohzvmzm R>a{dUo. 6) A) ~±Ho$Mr _hmamï >ghh$ma H$m`ÚmÝd`o AgUmar Zm XUr _ëq>rñq>oq>h$mo Am naoq>rìh gmogm`q>ro A ŠQ> 2002 AÝd`o ê$nm VarV H$ê$Z H$m` joì _hmamï >, H$Zm Q>H$ Am{U JwOamV amá` H$aÊ`mg VgoM VX²AZwf {JH${df`m g _ Owar XoUo. ~) g MmcH$ _ S>imZo _ëq>rñq>oq> H$moAm naoq>rìh gmogm`q>ro A ŠQ> 2002 AÝd`o gwm{dcoë`m Cn{dYtMm {dmma H$aUo d Ë`mg _ Owar XoUo. 7) _w»` H$m`m c` B_maV àñvm{dv {dñvmarh$au àh$ën IM ê$. 10 H$moQ>r `mg _ Owar XoUo. 8) godh$à{eju d g emoyz H $Ð {dx`mzjamr B_maV IaoXr H$aÊ`mg _ Owar XoUo. 9) H$O ašh$_m ^aê`mgmr>r {Xboë`m gwq>rg _ Owar XoUo. 10) ñq>mq\$j n Q>Z bm _ Owar XoUo. 11) g MmbH$d Ë`m Mo ZmVodmB H$`m Zm {Xboë`m H$Om Mr Zm X KoUo. 12) ^m S>dbr IMm g _ Owar XoUo. 13) _mzzr` AÜ`jm À`m nadmzjrzo EoZdoir `oumè`m {df`m da MMm H$aUo. gxa g^og ~±Ho$À`m gd g^mgxm Zr CnpñWV ahmdo Aer Z_«{dZ Vr Amho. ñwi : H$amS {X. : 17.07.2013 _m. g MmcH$ _ S>imÀ`m AmXoemZwgma gre. [X. _. Jwad _w»` H$m` H$mar A{YH$mar Q>rn : 1. g MmbH$ _ S>imMm Ahdmb, Vmio~ X d Z\$mVmoQ>m nìh$ ho ~±Ho$À`m Zm XUrH $V _w»` H$m`m b`mv Am{U gd emim _YyZ g^mgxm gmr>r nyd gymzozwgma CnbãY H$ê$Z XoÊ`mV `ob b. 2. ~±Ho$Mr do~gmb Q> www.karadurbanbank.com da g MmbH$_ S>imMm Ahdmb, Vmio~ X d Z\$mVmoQ>m nìh$à{gõ Ho$bm Amho. 3. JUnyVuA^mdr g^m VhHy$~ Pmë`mg Ë`mM {Xder Ë`mM {R>H$mUr nyd Kmo{fV doioz Va EH$m VmgmZo ~±Ho$À`m nmoq>{z`_ H«$_m H$ 24 _Yrc VaVwXrZwgma KoVcr OmB c. `m g^ov JUg»`m Zgcr Var darc gymzov Z_yX Ho$coë`m {df`m MmM {dmma Ho$cm OmB c. 4. Á`m g^mgxm Zm {df` n{ìho$vrc àíz qh$dm _m{hvr {dmmamd`mmr Agoc Ë`m Zr Vgo coir nì {X. 27 Owc 2013 n`ªv _w»` H$m`m c`mv AmUyZ Úmdo. 5. ZdrZ ghh$mar H$m`Úmg AZwgê$Z CnpñWV g^mgxm Zm g^og CnpñWV am{hë`m~ôbmo CnpñWVr à_munì XoÊ`mV `ouma Amho. gxa CnpñWV à_munì g^m gymzmnìmmm ^mj Agë`mZo g^omr gymzm àv d \$moq>mo AgUmao AmoiInÌ ~amo~a Agë`m{edm` g^mj hmv àdoe {Xbm OmUma Zmhr `mmr H $n`m Zm X `mdr 01
dm{f H$ Ahdmb (20122013) gý_mzzr` g^mgx ~ Yy ^{JZtZmo, 31 _mm 2013 AIoa g ncoë`m Am{W H$ dfm Mm Ahdmc, Vmio~ X, Z\$mVmoQ>m nìh$ Am{U coimnarjh$m Mm Ahdmc g MmcH$_ S>imÀ`m dvrzo gmxa H$arV Amho. Am{W H$ dfm V {ZpíMV Ho$cocr C{Ôï>o gd godh$, g MmcH$ `m Zr gm {KH$ à`ëzm Zr gmü` Ho$cr AmhoV. `m_ü`o ~±Ho$Mm J«mhH$dJ, g^mgx Am{U {hvqmvh$`m Mo cm^coco `mojxmz {ZpíMVM _hîdnyu Amho. ` XmMo Am{W H$ df g {_l ñdê$nmmo hmovo. _hmjmb {ZX}em H$m V hmoumar dmt>{z` {ÌV H$aÊ`mMo _mor>o AmìhmZ [apìh ~±Ho$nwT>o hmovo. Ahdmc dfm V 4.75 % dê$z 4 % n`ªv gr.ama.ama.xamv H$nmV Pmcr. ~±qh$j B S>pñQ >Mm ì`dgm` dmt>rmm gamgar Xa 18% hmovm. Amnë`mhr ~±Ho$Zo ì`dgm` dmt>rmo hom à_mu amiê`mv `e {_i{dco Amho. R>odr : Am{W H$ àjvr Ahdmc dfm V ~±Ho$À`m R>odr ê$.259.64 H$moQ>tZr dmty>z Ë`m ê$.1666.98 H$moQ>r Pmë`m. R>odt_Ü`o 18.45% Zr dmt>pmcr Amho. Ahdmc gmcmv A~ Z evmãxr R>od `moozm gwê$h$aê`mv Amcr. gxa `moozoa VJ V ê$.12.39 H$moQ>r R>odr g H${cV Pmë`m, 2017 AIoa Ë`m A VJ V ê$.100 H$moQ>r g H$cZmMm g H$ën Amho. Ahdmc dfm V R>od C^maUr IMm Mm gamgar Xa 8.34% BVH$m am{hcm Amho. [apìh ~±Ho$Zo JVdfuÀ`m nvymoaumv ì`šv Ho$coë`m Anojog AZwgê$Z ~±Ho$Zo gd gm_mý`m gmr>r "~o{gh$goìht½o ImË`m Mm' n`m ` CncãY H$ê$Z {Xcm Amho. {H$_mZ Amdí`H$H$mJXnÌm Ymao, AmYma H«$_m H$mer g c¾ amhumar Am{U "eyý`' {e H$sda hr ImVr CKS>cr AgyZ `m ImË`m Zm H$moUVohr ewëh$amh$maê`mv `ouma Zmhr. _mì E.Q>r.E_.gma»`m AË`mYw{ZH$gw{dYm CncãY H$ê$Z {Xë`m AmhoV. VgoM gah$mar g~{gs>rûmao {_iumar a $_ àmá H$aÊ`mÀ`m gw{dyomm cm^ gm_mý` J«mhH$m Zm XoIrc hmouma Amho. [apìh ~±Ho$Zo EH$m ImVoXmamgmR>r EH$M g Ho$Vm H$Agcm nm{hoo Ago {ZX}e {Xë`mZo J«mhH$åhUyZ ñdrh $V H$aÊ`mgmR>r _w»` H$m`m c` nmvirda "H $Ðr` J«mhH$ g Ho$Vm H$ H$j' (Customer ID Cell) gwê$ H$aÊ`mV Amcm. Ë`m_wio J«mhH$ åhuyz ñdrh $V Pmë`mda gd àh$maà`m ì`dhmam gmr>r àë`oh$doir ñdv ÌnUo H$mJXnÌm Mr nyv Vm J«mhH$m Zm H$amdr cmjuma Zgë`mZo ì`dhma gwc^vm amiê`mg _XV hmouma Amho. VgoM ~±H$d J«mhH$`m À`m AZmdí`H$IMm VXoIrc ~MV hmouma Amho. J«mhH$m Zm ì`dhmam Mr _m{hvr VmËH$mi {_iê`mà`m Am{U ì`dhma gwajoà`m Ñï>rZo Aën XamV Eg.E_.Eg. gw{dym CncãY H$ê$Z {Xcr Amho. H$O} : Ahdmc dfm V H$O ì`dhmamv ê$.147.40 H$moQ>tZr dmt>pmcr d EHy$U H$O nwadr>m ê$.1073.42 H$moQ>r BVH$m Pmcm. H$O dmt>rmo à_mu 15.92% BVHo$ AgyZ gr.s>r. aoemo 64.39% BVH$m am{hcm. gxa Am{W H$ dfm _Ü`o g_yh H$Om gmr>r _hîm `m Xm ê$.32 H$moQ>r Va d `{º$H$H$Om Mr _hîm `m Xm ê$.12 H$moQ>r hmovr. AJ«H«$_ joìmg {Xcoë`m H$Om Mo EHy$U H$Om er à_mu 47.86% AgyZ Xþ~ c KQ>H$m gmr>r EHy$U H$Om À`m 12.30% nvnwadr>m Ho$cm Amho. Ahdmc dfm V H$O nwadr>çmvyz ê$.136.47 H$moQ>r ì`mo CËnÞ {_imco. JVdfm er VwcZm H$aVm ê$.24.83 H$moQ>tZr Ë`m_Ü`o dmt>pmcocr Amho. ê$.10 cmimdarc {Z`{_V H$O ì`dhma AgUmè`m J«mhH$m Zm H«o${S>Q>aoQ>tJÛmao ì`moxam_ü`o 1.00 Vo 2.00 Q> o$ gdcv {Xcr OmVo. Ahdmc gmcmv EHy$U 198 ImË`m Zm `mmm cm^ {_iv Amho. Xadfu H«o$S>rQ>aoQ>tJMm \$m`xm KoUmè`m J«mhH$m À`m g»`ov dmt>hmov Amho. 02
_hîdmmoam{w H$ {ZîH$f : g^mgx g»`m ^mj^m S>dc ñd{zyr gr.ama.e.ama.% Zº$ EZ.nr.E.% EHy$U CËnÞ EHy$U IM T>mo~i Z\$m VaVwXr Am`H$a {Zìdi Z\$m 201112 48909 39.63 99.43 11.39 1.79 151.12 127.88 23.24 6.07 5.62 11.55 201213 dmt> 53176 47.30 120.20 11.60 2.43 193.52 167.54 25.98 5.36 7.38 13.24 4267 7.67 20.77 0.21 0.64 42.40 39.66 2.74 0.71 1.76 1.69 (ê$. H$moQ>rV) ^m S>dc n`m ávm à_mu : ì`dgm` dmt>r~amo~am [añh$ doq>os>a goq>_ü`o dmt Pmcr H$s ^m S>dc n`m ávm à_mumda (CRAR) _`m Xm `ovmv. JVdfu ^m S>dc n`m ávm à_mu 11.39% EdT>o hmovo. ì`dgm` dmt>r~amo~am ~±Ho$Mr Z\$mj_Vm gwymaë`mzo ho à_mu 11.60% BVHo$ amico Amho. WH$~mH$s d EZ.nr.E. Ahdmc gmcmv ~±Ho$Zo dgwcrgmr>r ì`mnh$ à`ëz Ho$co. XþîH$mià^m{dV ^mjmvrc emim _Ü`o Ë`mda H$mhr _`m Xm Amë`m Agë`m Var EH $XarV dgwcrà`m AmKmS>rda g_mymzh$mah$ H$m_{Jar Ho$cr AgyZ OwÝ`m EZ.nr.E. ImË`mVyZ CÎm_ dgwcr Pmcocr Amho. ~± ±Ho$Mr EHy$U EZ.nr.E. dgwcr ê$. 5.95 H$moQ>r n`ªv Pmcr Amho. _mm 2012 AIoa T>mo~i EZ.nr.E. Mo à_mu 3.62% EdT>o hmovo, Vo _mm 2013 AIoa 4.34% n` V Va {Zìdi>EZ.nr.E. À`m à_mumv JVdfuÀ`m VwcZoV dmt>hmodyz Vo 2.43% Amho. VgoM Ahdmc df AIoarg WH$~mH$sMo à_mu 3.44% BVHo$am{hco Amho. WH$~mH$s Am{U EZ.nr.E. ImË`m À`m dgwcr~m~v H$O Xmam er àë`úm _wcmivrûmao g dmx gmyyz Ë`m À`m AS>rAS>MUtda Cnm``moOZm R>a{dÊ`mV Amcr, H$mhr ~m~vrv {gš`wam`q>opez H$m`ÚmA VJ V H$madmB H$aÊ`mdmMyZ n`m ` am{hcm Zmhr. XþîH$mimMm à^md, Am[W H$ _ Xr `m_wio WH$sV H$Om À`m dgwcrgmr>r AZoH${dY H$m`Xoera _mjmªmm Adc ~ H$éZ XoIrc WH$~mH$s Am{U EZ.nr.E. Mo à_mu JVdfunoúmm dmt>coco Amho. _mì dfm AIoarZ Va cjomm dgwcrmm H$mc~Õ H$m` H«$_ hmvr KoÊ`mV Amcm Amho Am{U Ë`mg CÎm_ à{vgmx {_iv Amho. Z\$m {d^mjur : _mm 2013 AIoa ê$.25.98 H$moQ>tMm T>mo~i Z\$m Pmcm, Ë`mVyZ VaVwXr ê$.5.36 H$moQ>r d Am`H$a ê$. 7.38 H$moQ>r dom 03
OmVm (H$amoÎma) {Zìdi Z\$m ê$.13.24 H$moQ>r Pmcm Amho. JVdfu Zâ`mMo à_mu gamgar IoiË`m ^m S>dcmÀ`m 0.83% hmovo, `mdfu ho à_mu 0.79% Amho. Zâ`mMr {d^mjur Imcrcà_mUo$H$aÊ`mg g MmbH$_ S>imZo gd gmymau g^og {e\$mag Ho$br Amho. Vnerc 1) J JmOir (25%) 2) cm^m e (10%) 3) B_maV {ZYr EHy$U ê$n`o 33089063.20 42860078.15 56407111.46 132356252.81 g MmcH$ dë`m MoZmVodmB H$ H$O} Ahdmc gmcmv g MmcH$ d Ë`m À`m ZmVodmB H$m Zm [apìh ~±Ho$À`m {Z`_mà_mUo _wxv R>odrdarc H$Om ì`{v[aº$ AÝ` H$O} Zì`mZo {Xcocr ZmhrV. _mì nydu {Xcocr H$O} {Z`{_V AmhoV. _hmamï > gh.g ñwm A{Y{Z`_ 1960 H$c_ 75(2) _Yrc VaVwXrZwgma g MmcH$d Ë`m Mo ZmVodmB H$`m À`m H$Om Mr _m{hvr Imcrcà_mUo : Vnerc dfm À`m gwédmvrg XoUo a $_ Ahdmc dfm V dmt> Pmcocr H$O} Ahdmc dfm V \o$s> Pmcocr H$O} Ahdmc gmc AIoa {e H$ H$O} WH$~mH$s g MmcH$ H$O} ZmVodmB H$ H$O} g ñwm/àm. {c. H $. Am{U BVa EHy$U 39.24 44.83 150.73 234.80 36.58 58.11 21.40 116.09 42.49 48.35 119.17 210.01 33.33 54.59 52.96 140.88 gah$mar H$O amoio ì`dhma Ahdmc dfm V gah$mar amoio ~momamvrc KS>_moS>tda gvh $VoZo cj R>odyZ VgoM Ë`m~m~VMm Aä`mg H$ê$Z Amcoë`m g YtMo ê$nm Va Zâ`m_Ü`o H$aUo eš` Pmë`mZo g nyu dfm V `m ì`dhmamvyz ê$.9.86 H$moQ>tMm Z\$m {_imcm Amho. Ahdmc gmcmv gah$mar amoio IaoXr {dh«$s_yrc CcmT>mc ê$.4202 H$moQ>tMr AgyZ IaoXr d {dh«$sà`m EHy$U 622 ì`dhmam VyZ hm Z\$m Pmcm Amho. H$moAa ~±qh$j àumcr_wio {ZYr ì`dñwmnzmv n`m ávm R>odUo ghoeš` hmov Agë`mZo {ZYrMr `mo½` Jw VdUyH$ H$ê$Z H$_mc navmdm {_iduo eš` Pmco Amho. AÜ`j / CnmÜ`j {ZdS> gz 20122013 `m gmcmgmr>r dm{f H$gd gmymau g^oz Va 3 gßq> ~a>2012 amoor AÜ`j åhuyz _mpr d CnmÜ`j åhuyz S>m. amord Vwieram_ Am{hao `m Mr {ZdS>Pmcr. gd lr A{Zc BZm_Xma, amord _mo{hvo, {edmoramd OmYd Am{U A{Zc ~moyo `m Mr ñdrh $V g MmcH$åhUyZ {Z`wº$s H$aÊ`mV Amcr. g^m Ahdmc gmcmv Imcrcà_mUo EHy$U 64 g^m Pmcoë`m AmhoV. 04
g^mgx g MmcH$_ S>i 15 Jw VdUyH$g{_Vr 12 dgwcr g{_vr 05 Am S>rQ>g{_Vr 06 àemgh$s` g{_vr 12 Am`.Q>r. g{_vr 07 {Z`moOZ g{_vr 04 H$m`Xm g{_vr 03 g MmcH$_ S>imÀ`m g^og g MmcH$m Mr CnpñWVr 87.24 % BVH$s hmovr. Ahdmc dfm V 4891 BVHo$ZdrZ g^mgx Pmco d 625 BVHo$g^mgX H$_r Pmco. åhuoom dfm AIoa EHy$U g^mgx g»`m 53176 BVH$s Pmcr Amho Am{U dgyc ^mj ^m S>dc ê$.47.30 H$moQ>r hmod$z dmmt>rmm doj 19.35% Amho. _m{hvr V ÌkmZmVrc àjvr gz 2011 nmgyz H$moAa ~±qh$j àumcr nyu nuo H$m`m pýdv Pmcr AgyZ {d{dy AË`mYw{ZH$ godm gw{dym J«mhH$m Zm Q>ß`mQ>ß`mZo CncãY H$ê$Z {Xë`m OmV AmhoV. ~±qh$j_yrc à_muh$m Zwgma Am{U ~±Ho$À`m JaOoZwê$n d J«mhH$godocm àmw{_h$vm XoUmar hr àumcr {dh${gv H$aÊ`mgmR>r Amnë`m godh$m Zr {Xcoco `mojxmz _hîdnyu Amho. Ahdmc gmcmv E.Q>r.E_. gw{dym "ê$no'h$ms> À`m _mü`_mvyz Am Va~±qH$J E.Q>r.E_. pñdmcm g c¾ H$aÊ`mV Amë`m_wio Xoe^amVrc H$moUË`mhr E.Q>r.E_.Ûmao ì`dhma H$aÊ`mMr gw{dym J«mhH$m Zm CncãY Pmcr Amho. Ë`mMà_mUo EZ.B.E\$.Q>r. d Ama.Q>r.Or.Eg. gw{dym H$moAa ~±qh$j àumcrer OmoS>ë`m Joë`mZo godovrc VËnaVm dmt>cr Amho. ~±qh$j_yrc AË`mYw{ZH$V ÌkmZ AmË_gmV H$aÊ`m~amo~aM AÝ` ghh$mar ~±H$m Zm V ÌkmZ{df`H$g m d _mj Xe Z _m{hvr V ÌkmZ {d^mjmzo CncãY H$ê$Z {Xcm Amho. qgywxþj {Oëhm ghh$mar ~±Ho$g S>mQ>m g Q>aÀ`m C^maUr_Ü`o _mocmmo ghmæ` Ho$co OmV AgyZ godh$m Zm AË`mYw{ZH$ V ÌkmZ{df`H$ n[anyu à{eju XoÊ`mMr O~m~Xmar `eñdrarë`m nyu Ho$cr Amho. Ë`m_wio V ÌkmZ{df`H$g m d _mj Xe Z `m {df`mv ZdrZ AmoiI ~±Ho$Zo {Z_m U Ho$cr Amho. `oë`m dfm V B Q>aZoQ>~±qH$J Am{U _mo~mb c ~±qh$j gw{dym J«mhH$m Zm CncãY H$ê$Z XoÊ`mMo {Z`moOZ Amho. _wðm H$ {dh«$sdn ZH$mS> gw{dym Q >ñq>r A±S>EŠPrŠ`wQ>a{en ì`dgm` godh$ à{ejudg emoyzh $Ð AÝ` _hëëdnyu ~m~r Vi^mJ,H$amS>Am{U nmodb ZmH$m, gmvmam emio_ü`o _wðm H${dH«$sMr gw{dym CncãY Amho. Ë`mnmgyZ ê$.28.82 cmi BVHo$ CËnÞ {_imco Amho. J«mhH$m Zm `m gw{dyomm cm^ _mor>çm à_mumda hmov Amho. n Z H$mS> Mr gw{dym 31 emim _YyZ CncãY H$ê$Z {Xcr Amho. Ahdmc gmcmv 2425 n ZH$mS> Mo {dvau Ho$co AgyZ `m godonmgyz ê$.0.50 cmi BVHo$CËnÞ {_imco Amho. JV gmcmv Q >ñq>r A±S>EŠPrŠ`wQ>a{en godog AmVm _yv ñdê$n àmá Pmcoco Amho. Q >ñq>c^maur d ì`dñwmnz, BÀN>mnÌ V`ma H$aUo d Ë`mMr A _c~omdur H$aUo, BÀN>mnÌ go\$ H$ñQ>S>r_Ü`o R>odUo, ñwmda {_ih$vrmo ì`dñwmnz d {dh«$s B. godm {Xë`m OmV AmhoV. AmOAIoa 15 Q >ñq>ì`dñwmnzmgmr>r Am{U 22 BÀN>mnÌo go\$h$ñq>s>r d A _c~omdurgmr>r XmIc Pmcr AmhoV. gmvmam, gm Jcr, H$moëhmnya `m {Oëøm VyZ Aer n[anyu godm XoUmar Amncr ghh$mar ~±H$ AJ«oga Amho. à{eju H $ÐmV\}$df ^a {d{dy {df`m darc djm Mo Am`moOZ Ho$co OmVo. `mmm cm^ {OëømVrc VgoM {Oëøm~mhoarc ~±H$m d nvg ñwm KoV AmhoV. gxamo à{eju H $Ð ghh$ma ImVo _mý`vmàmá Amho. à{eju H $ÐmÀ`m à{ejh$ àmü`mnh$m ~amo~am 05
~±H$s J joìmvrc VÁk, AZw^dr ì`švr `m Zm ì`m»`mvo åhuyz {Z_ {ÌV Ho$co OmVo. à{eju H $ÐmVrc kmzh$j dmvmzwhw${cv AmhoV. npím hmamï >mvrc ghh$mar ~±H$m gmr>r FIU (India) V\}$ EH${XdgmMo à{eju godh$ à{eju H $ÐmV\}$ Am`mo{OV Ho$co hmoovo. Ë`mcm 92 ghh$mar ~±H$m _Yrc gw_mao 182 g MmcH$d A{YH$mar CnpñWV hmovo. Mmcy Am{W H$dfm V dojdojù`m {df`m darc 66 à{eju H$m` H«$_m Mo Am`moOZ H$aÊ`mV Amco. Ë`m_Ü`o ~±Ho$Vrc 835 godh$ Am{U BVa ~±Ho$Vrc 1560 godh$ gh^mjr Pmco. g MmcH$, d[aîr>a{yh$mè`m gmr>r {deof à{eju djmªmo Am`moOZ H$aÊ`mV Amco hmovo. AÝ` ~±H$m _Ü`o OmD$Z Ë`m À`m JaOoZwê$n à{eju djmªmo Am`moOZ Ho$co OmVo. ~±qh$j joìmv H$[aAa KS>{dUmè`m {dúmï`mªgmr>r Certificate Course in Banking, Advance Course in Banking gwê$ H$aÊ`mV Amco AgyZ Ë`mg CÎm_ à{vgmx {_iyz 60 {dúmï`mªzr H$mog gmr>r àdoe KoVcm. à{vdfm à_muo Eg.Or.E_. H$m cooà`m {dúmï`mªzm ~±qh$j{df`r _mj Xe Z H$aÊ`mV Amco. dm{f H$à{ejU `moozomm cm^ `m dfu {X dmaum ghh$mar ~±H${c.,. dmaumzja `m Zr KoVcm. VgoM nmíd ZmW ghh$mar ~±H$, AH$mocm A~ Z H$mo. Am n. ~±H${c., AH$mocm, ncyg ghh$mar ~±H${c., ncyg, gm Jmocm A~ Z H$mo. Am n. ~±H${c., gm Jmocm, avzm X ehm ghh$mar ~±H${c., _ JidoT>m, `ed V ghh$mar ~±H${c., Hw${S>Ìo, H$moëhmnya _{hcm ghh$mar ~±H$ {c., H$moëhmnya, H$amS>_MªQ>d _{hcm _MªQ>, H $. ñdm. g. em_amd nmq>rc ZmJar ghh$mar nvg ñwm C S>mio, _MªQ>qg{S>Ho$Q> J«m_rU {~JaeoVr gh. H«o${S>Q>g ñwm Vi_mdco, kmzxrn H$mo. Am n. H«o${S>Q>gmogm`Q>r BË`mXr ~±H$m d nvg ñwm_yrc godh$m gmr>r à{eju H$m` H«$_m Mo Am`moOZ H$aÊ`mV Amco. [apìh ~±Ho$Mo H$m coo Am \$ A J«rH$ëMac ~±qh$j nwuo, d Hw $R>^mB _ohvm à{eju g ñwm nwuo, YZ O`amd JmS>Jri à~ Y g ñwmz ZmJnya `m Mo {d{dy {df`m darc à{eju gìm gmr>r godh$d g MmcH$gXñ` `m Zm nmr>{dê`mv Amcoco Amho. g_dvu A VJ V coimnarju 48 emim n H$s ê$.100 H$moQ>rÀ`m da ì`dgm` AgUmè`m 6 emim Mo nm{jh$ Am{U ê$.100 H$moQ>tnojm H$_r ì`dgm` AgUmè`m 40 emim Mo _m{gh$ Am S>rQ>ì`mdgm{`H$ MmQ> S> AH$m Q> Q>\$_ g² `m Mo_m\ $V Ho$co OmVo. Cd [av 2 emim Mo H $H$a Q> Am S>rQ> ~±Ho$À`m "Am S>rQ> A±S> BÝñnoŠeZ' {d^mjm_m\ $V Ho$coco Amho. _w»` H$m`m c`mmo coimnarju gre.cx` Hw$cH$Uu, \$cq>u Am{U J wvduyh$coimnarju _o.omyd VmZmOramd Am{U H $.,H$amS>`m À`m_m\ $V Ho$coco Amho. d Ym{ZH$ coimnarju gz 20122013 Mo d Ym{ZH$ coimnarju {c_`o A ÝS>H $nzr, gm Jcr d Oo.~r. MìhmU A ÝS>Agmo. gmvmam `m Zr nyu H$ê$Z ~±Ho$g "A' dj {Xcm Amho. [apìh ~±H$ VnmgUr {X. 31 _mm 2011 AIoarc 25 do [apìh ~±H$BÝñnoŠeZ {X.30 {S>g. 2011 Vo 18 OmZo. 2012 `m H$mcmdYrV nyu Pmco Amho. Ë`mMm Ahdmc {X.14.03.2012 amoor àmá Pmcm AgyZ Xmof Xwê$ñVr Ahdmc {X.18.04.2012 amoor `mo½` nyv Vm H$ê$Z doioda nmr>{dcm Amho. emim nwañh$ma emioà`m ì`dgm`mzwgma VrZ JQ>H$ê$Z gz 201213 `m H$mbmdYrVrb H$m_{Jarda AmYm[aV Imbrbà_mUo nwañh$ma Joë`m dm{f H$gd gmymau g^ov àxmz H$aÊ`mV Ambo. JQ> A JQ> ~ JQ> H$ àw_ nmodb ZmH$m, gmvmam àw_ H±$n, nwuo àw_ qghjs>amos>, nwuo {ÛVr` emhþnwar, H$moëhmnya {ÛVr` _ch$mnya {ÛVr` {eamim VgoM gz 201213 gmbmh$[avm g_mo^yfu nw. nm. VWm ~m~wamdor JmoIbo JwUd V godh$ nwañh$ma _okzm ehm ({b{nh$) d lr. àvmn OmYd ({enmb ) `m Zm àxmz H$aÊ`mV Ambm. 06
gm_m{oh$ H$m` Am JñQ>2012 _Ü`o A~ Z gm_m{oh$h $VkVm Ý`mg d nwuo ZoÌ godm à{vð>mz `m À`m g `wšv {dú_mzo {VaionUm VnmgUr d eó{h«$`m {e~rammo Am`moOZ H$aÊ`mV Amco. EHy$U 350 é½ummr VnmgUr Pmcr. Ë`mn H$s 47 é½um da `eñdr eó{h«$`m H$ê$Z {VaionUmMm Xmof H$m`_ñdê$nr Xÿa H$ê$Z Ë`m Zm Zdm AmË_{dœmg XoÊ`mV Amcm. g_mom_ü`o dmmz g ñh $Vr dmt>rg cmjmdr `mñï>rzo dmmh$m Zm XO}Xma nwñvho${dzm_yë` CncãY hmoê`mà`m Ñï>rZo H$amS>, H$moëhmnya `m {d^mjm_ü`o 19 H $Ðm _m\ $V "J«W Vw_À`m Xmar..' hr `moozm H$m`m pýdv Ho$cr Amho. `mgmr>r ~±Ho$Zo d AmOr_mOr godh$m Zr J«W noq>çm àm`mo{ov Ho$ë`m AmhoV. ~±Ho$À`m `m A{^Zd CnH«$_mg CÎm_ à{vgmx {_iv AgyZ Ë`mÛmao ZdrZ J«mhH$dJ d Õrg _XV hmov Amho. {X.25 {S>g ~a Vo 3 OmZodmar 2013 `m H$mcmdYrV "H$amS>A~ Z ~±H$ H$a S>H$' amá`ñvar` Iwë`m EH$m {H$H$m ñnymªmo Am`moOZ H$aÊ`mV Amco. ñny}mo ho 3 ao df hmovo. JVdfuà_mUoM g nyu amá`^amvyz `m ñny}g A{Ve` Mm Jcm à{vgmx {_imcm. à{vdfu `m ñny}mo Am`moOZ H$ê$Z H$èhmS>À`m gm ñh ${VH$ joìmv A~ Z Hw$Qw> ~mzo Amncm d {eîq>çnyu gh^mj H$m`_ R>odcm Amho. AW H$maUm~amo~aM gm_m{oh$ ~m {YcH$s OnVmZm ~±Ho$Zo An J godog _hîd {Xco Amho. Ahdmc gmcmv {X.7 OmZodmar 2013 amoor Zmam`U godm g ñwmz CX`nya `m À`m g `wšv {dú_mzo ApñW An J VnmgUr d CnMma Am{U H $Ìr_ gmyz dmq>n {e{~ammo Am`moOZ H$aÊ`mV Amco. OmZodmar 2013 _Ü`o J«mhH$ g{_vr gxñ` _oimdm Am`mo{OV H$aÊ`mV Amcm. Ë`m_Ü`o 97 dr KQ>Zm XþéñVr d ghh$ma joìmmr dmq>mmc `m {df`mda Á`oð>{d{Yk d ghh$ma VÁk {dúmya AZmñH$a `m Zr _mj Xe Z Ho$co. à{vdfm à_muo 27 OmZodmar 2013 amoor godh$g MmcH$ qmvz {e{~ammo Am`moOZ H$aÊ`mV Amco. godh$m Zm àoaum {_imdr, godh$m À`m ì`{šv_ëdmmm gdmªjru {dh$mg ìhmdm `mgmr>r g _mohz VÁk S>m. YZqgJ Mm Yar `m Mo "VmUVUmd ì`dñwmnz d g _mohzemó EH$daXmZ' `m {df`mda àmë`{jh$mgh ì`m»`mz Am`mo{OV H$aÊ`mV Amco. H$èhmS> d n[agamvrc J«m_rU ^mjmvrc hmovh$ê$ d {OÔr Am{U ì`dgm`m_ü`o CVaÊ`mMr AmH$m jm ~mijumè`m Vê$Um gmr>r "CÚmoOH$Vm {dh$mg {e{~ammo' Am`moOZ gmvmam `owrc AÊUmgmho~ {Ma_wco Q >ñq>à`m g `wšv {dú_mzo H$aÊ`mV Amco. eyý`mvyz {díd gmh$maumao S>r.Eg.Ho$. C\ $ XrnH$ gimam_ Hw$cH$Uu `m Zr Ë`m Mr `eñdr dmq>mmc CnpñWVm nwt>o gmxa Ho$cr. Ë`mMm cm^ H$amS>d n[agam Vrc {ejug ñwm Vrc {dúmï`mªzr KoVcm. H$amS>A~ Z gm_m{oh$ H $VkVm Ý`mgmV\}$ XoÊ`mV `oumam "ñd. S>m. X. {e. Ea_ H $VkVm gý_mz' d ÚH$s` joìmv ^ard H$m_ H$aUmè`m H$èhmS>`oWrc S>m. H$_cVmB YZnmc hmdco `m Zm gý_mznyd H$àXmZ H$aÊ`mV Amcm. _hmamï >m_yrc XþîH$miOÝ` n[apñwvrda _mv H$aÊ`mH$arVm _hmamï > emgzmà`m AmdmhZmZwgma _hmamï >mmo _w»`_ Ìr _m.zm.n ÏdramO MìhmU `m Zm ~±Ho$À`m dvrzo ê$. 3 cmimmm YZmXoe gwnyv H$aÊ`mV Amcm. ~±Ho$À`m H$m` joìmvrc XþîH$mir ^mjmvrc g^mgxm gmr>r "ewüx no`oc `moozm' am~{dê`mv Amcr. `m `moozoa VJ V KanmooM ewõ nmur nwadê`mmm A{^Zd CnH«$_ ~±Ho$Zo `eñdrnuo am~{dcm. A~ Z Hw$Qw> ~à_wi gw^mfamd Omoer `m À`m dmt>{xdgmmo Am {MË` gmyyz godh$m V\}$à{Vdfu ašvxmz {e{~ammo Am`moOZ H$aÊ`mV `ovo. ` Xm Am`mo{OV Ho$coë`m [e{~amv 72 ašvxmë`m Zr Cñ\y$V nuo gh^mj KoVcm. H$amS>A~ Z ~±H$ godh$ nvg ñwozo Ahdmc gmcmv ê$. 1.61 H$moQ>r ì`dgm`mmm Q>ßnm Amocm S>V ê$.3.65 cmi BVH$m Z\$m {_idcm Amho. A~ Z ñnmoq> g² Šc~À`m _mü`_mvyz _ XmZr ñnym, Am Vaemco` {H«$Ho$Q> ñnym, OmJ{VH$ gy` Z_ñH$ma {XZ, amï >r` 07
IoimSy> Mm gëh$ma, ašvxmz {e{~a Aem AZoH$CnH«$_m Mo Am`moOZ H$aÊ`mV Amco. A~ Z Hw$Q> w~mvrc A~ Z ~Pma, H$amS>A~ Z gm_m{oh$h $VkVm Ý`mg, _{hcm J hmoúmoj, godh$g K, godh$nvg ñwm, _yh$ ~{Ya {dúmc` `m g ñwm À`m AmXe g_moh$maumvyz Amnë`m Hw$Qw> ~mcm à{vð>m àmá Pmcr Amho. ^{dî`h$mcrz `moozm 1) gz 201314 `m Am{W H$dfmªV ~±Ho$Zo Imcrc C{ÔîQ>ço {ZpíMV Ho$cr AmhoV. ~±Ho$Mo H$m` joì ~hþamá`r` (_ëq>rñq>oq>) H$aUo. 2) "pìhoz 2017' `m ~hþcjr` YmoaUmMr A _c~omdur, AmT>mdm Am{U gwymaum. 3) ê$.3150 H$moQ>tÀ`m ì`dgm`mmo C{ÔîQ> 4) Banking Correspondant & Banking Facilitators (BCBF) À`m _mü`_mvyz ~±qh$j godomm {dñvma. ~±Ho$À`m `m `eñdr dmq>mmcrmo gd ñdr lo` Amnë`m J«mhH$m Zm Am{U Vwåhm gd g^mgxm Zm VgoM gd godh$ dj `m À`m H ${Verc d H$ï>nyU `mojxmzmcm Amho. Vw_Mm {dœmg, ào_, AmnwcH$s `m_wiom hr àjvrmr KmoS>Xm S>CÎm_ arvrzo Mmcy Amho. ~±Ho$À`m àjvr_yrc gmvë` {Q>H$dyZ àjvrmm doj H$m`_ R>odVm Amcm Am{U g MmcH$_ S>imda g^mgxm Zr R>odcocm {dœmg g»`më_h$ Am{U JwUmË_H$ àjvrzo {gõ H$ê$ eh$cmo. `m gdmªmm n[aum_ åhuyz ~±Ho$cm cdh$am _ëq>rñq>oq>h$moam nao{q>ìh ~±Ho$Mm XOm àmá hmob c Aer Anojm Amho. ~±Ho$À`m Ñï>rZo hm _hîdmmm Q>{ZªJ nm B Q>amhrc. g MmcH$_ S>imÀ`m dvrzo, S>m. gw^mf Ea_ AÜ`j 08
VwcZmË_H$ àjvr VŠVm COMPARATIVE PROGRESS CHART (* Aer IyU Agcoë`m AmoitVrc AmH$S>o gmosy>z BVa AmoitVrc AmH$S>o ê$n`o cmimv ) ( Rs. in lakh except row marked as *) Vnerc 20082009 20092010 20102011 20112012 20122013 g^mgx Members * 36653 39867 43739 48909 53176 emim Branches+HO+Ext.Counter * godh$ Staff* 48+1+1 600 48+1+1 604 48+1+1 588 48+1+1 589 48+1+1 694 Am {S>Q> dj Audit Class* A A A A A cm^m e Dividend* Zmhr 8 % 9 % 10% 10%({e\$mag) ^mj^m S>db Share Capital J JmOir d BVa {ZYr 2358.69 3988.49 2801.07 4547.13 3286.80 5127.47 3962.89 5980.37 4729.69 7290.56 Reserve & Other Funds ñd{zyr R>odr R>odrVrc dmt> à_mu H$O} H$Om Vrc dmt> à_mu AJ«H«$_ H$O} AJ«H«$_ H$O}à_mU Jw VdUyH$ IoiVo ^m S>dc {Zìdi Z\$m Own Funds 6347.18 7348.20 8414.27 9943.25 12020.75 Deposits 89677.16 106601.62 116326.92 140734.13 166697.86 WH$~mH$s WH$~mH$sMo H$Om er à_mu g e{`v ~ws>rv H$O} g e{`v d ~ws>rv H$O {ZYr * Growth Rate of Deposits 24.66% 18.87 % 9.12 % 20.98 % 18.45% Loans & Advances 55691.02 66083.82 76505.04 92602.30 107342.27 Growth Rate of Loans & Advances * * * 22.37% 18.66 % 15.70 % 21.04 % 15.92% Priority Sector Advances 32390.67 40776.69 46718.02 50721.83 51375.38 % of Priority Sector Advances 58.16% 61.53 % 61.92 % 54.75% 47.86% Investment 29060.11 28880.30 30165.47 37117.67 49001.93 Working Capital 99251.91 118084.62 131420.59 156129.32 188289.03 Net Profit 430.85 793.68 1029.72 1716.74 2061.56 H$anyd Z\$m H$anyd Z\$m H$anyd Z\$m H$anyd Z\$m H$anyd Z\$m Overdues 2329.02 2671.52 2302.80 3132.50 3693.30 % of Overdues to Loans & Advances 4.18% 4.04 % 3.01 % 3.38 % 3.44% Doubtful & Loss Advances 144.54 340.91 73.08 172.10 165.72 Bad & Doubtful Debts Reserve 1742.12 1934.20 2108.61 2311.67 2615.67 09
{X. 31 _mm 2013 AIoaMm Vmio~ X Sr. Capital & Liabilities ^m S>db d XoUr Schedule As on 3132013 As on 3132012 No. 1 Share Capital ^mj^m S>db 1 47296872000 39628861000 2 Reserve Fund & Other Reserves 2 72905592503 59803670838 amird {ZYr d BVa {ZYr 3 Principal / Subsidiary State Partnership A/c. emgzmmo à_wi / ghmæ`h$mar {ZYr ImVo 4 Deposits & Other Accounts 3 1666978639080 1407341337628 R>odr d AÝ` ImVr 5 Outside Borrowings ~mhoarc H$O} 4 25000000000 6 Interest Payable (Deposits & Borrowings) 5 36195097026 20769821760 ì`mo XoUo (R>odr d H$Om darb) 7 Other Liabilities and provisions 6 12616442721 6385901710 BVa XoUr d VaVwXr 8 Income Tax Provision Am`H$a VaVwXr 7380000000 14197495200 9 Branch Adjustments emim O_mIM 336652695 10 Overdue Interest Reserve on Non Performing Assets 27864956594 23375639629 (As per Contra) CËnÞ j_vm Zgboë`m H$O ImË`mdarb (EZnrE) WH$ì`mO VaVyX (Xw~oaOr) 11 Bills for Collection (Being Bills Receivable as per Contra) 1086354012 1502052823 dgwbrgmr>r ñdrh$mabobr {~bo (Xw~oaOr) 12 Profit & Loss Account 13235625281 11547440735 Z\$m VmoQ>m ImVo 13 Collection A/C Shri Parshwanath Coop. Bank Ltd. 1281992500 1281992500 H$coŠeZ ImVo (lr nmíd ZmW H$moAm n. ~±H$ {c.) EHy$U Total 1911841571717 1586170866518 Contingent Liabilities / Bank Guarantees / ~±H$ J a Q>rO² 34690256048 31326603048 Inland Letter of Credit / 8320396200 1848312000 EHy$U g ^mì` XoUr Xoem VJ V boq>a Am \$ H«o${S>Q> Total 43010652248 33174915048 V. K. Joshi Dy. Chief Executive Officer (Accounts Dept.) CA. Uday V. Kulkarni Chartered Accountants & Internal Auditors Place : Karad Date : 12072013. CA. Dilip M. Gurav Chief Executive Officer For M/s Limaye & Company Chartered Accountants CA. Vijay Thakkar (Partner) Statutory Auditors 10
o Balance Sheet as on 31st March 2013 Sr. Property & Assets qoxjr d _mc_îmm Schedule As on 3132013 As on 3132012 No. 1 Cash and Balance with Banks 7 265919313763 209334380877 amoi {eëbh$ d ~±Ho$Vrb {e H$ 2 Investments 8 490019343540 371176732100 Jw VdUyH$ 3 Investment out of the Principal / Subsidiary State Partnership A/c. emgzmmo à_wi/ghmæ`h$mar {ZYrMo Jw VdUyH$ ImV 4 Loans & Advances 9 1073422677922 926023030662 H$O} 5 Fixed Assets 10 21806765715 22283719362 H$m` mb_îmm 6 Other Assets 11 24342160071 17901860965 BVa _mb_îmm 7 Advance Income Tax 7380000000 14573450000 AmJmD$ Am`H$a 8 Overdue Interest Receivable on Non Performing 27864956594 23375639629 Assets (As per Contra) CËnÞ j_vm Zgboë`m H$O ImË`mdarb (EZnrE) WH$ì`mO `ouo (Xw~oaOr) 9 Bills Receivable (Being Bills for Collection as per Contra) 1086354012 1502052823 dgwbrgmr>r nmr>{dbobr {~bo (Xw~oaOr) 10 Cost of Acquisition 12 H$m ñq> Am \$ A ¹$r{PeZ 11 Non Banking Assets 100 100 Zm Z ~±qh$j A goq>g² Total EHy$U 1911841571717 1586170866518 Dr. Rajiv T. Ahire ViceChairman Directors Dr. Subhash S. Erram Chairman S. R. Joshi V. P. Gokhale C. V. Doshi V. R. Jadhav D. B. Jadhav Dr. A. S. Lahoti S. G. Mantri S. S. Joshi A. P. Shinde Adv. V. B. Patil J. D. Khire S. R. Kulkarni S. S. Shinde M. D. Mali B. B. Raywad Mrs. S. A. Palkar Mrs. M. C. Dhawale S. V. Jadhav A. A. Bodhe A. S. Inamdar R. A. Mohite V. Y. Patil (Staff Rep.) R. C. Pawar (Staff Rep.) 11
{X. 31 _mm 2013 amoor g nboë`m Am{W H$ dfm Mo Z\$mVmoQ>m nìh$ Profit & Loss Account for the year ended 3132013 Sr. Schedule As on 3132013 As on 3132012 No. 1 INCOME Interest Received {_imbobo ì`mo 13 176718173869 140801281659 Other income BVa CËnÞ 14 16807022699 9981630900 Prior Period Income Tax Adjusted 000 337216053 Total Income EHy$U CËnÞ 2 EXPENDITURE Interest on Deposits & Borrowings R>odr d H$Om darb ì`mo$ 15 122760489161 90257510266 Staff Salaries & Allowances etc. godh$ njma d ^Îmo B. 25492464920 20917842090 Establishment Expenses ì`dñwmnz IM 16 19291458906 16705001271 Total Expenditure EHy$U IM 3 GROSS PROFIT 4 PROVISIONS 5 PROFIT BEFORE TAX 6 INCOME TAX PROVISION 7 NET PROFIT CËnÞmÀ`m ~m~r JVdfuÀ`m Am`H$a ah$_omo g_m`mooz Zmdo d IMm À`m ~m~r VaVwXr T>mo~i Z\$m {Zìdi Z\$m H$anyd Z\$m (Transferred to Balance Sheet) Am`H$a VaVwXr (Vmio~ Xmg dj ) 193525196568 151120128612 167544412987 127880353627 25980783581 23239774985 17 5365158300 6072334250 20615625281 17167440735 7380000000 5620000000 13235625281 11547440735 TOTAL 193525196568 151120128612 Dr. Rajiv T. Ahire ViceChairman Directors Dr. Subhash S. Erram Chairman S. R. Joshi V. P. Gokhale C. V. Doshi V. R. Jadhav D. B. Jadhav Dr. A.S. Lahoti S. G. Mantri S. S. Joshi A. P. Shinde Adv. V. B. Patil J. D. Khire S. R. Kulkarni S. S. Shinde M. D. Mali B. B. Raywad Mrs. S. A. Palkar Mrs. M. C. Dhawale S. V. Jadhav A. A. Bodhe A. S. Inamdar R. A. Mohite V. Y. Patil (Staff Rep.) R. C. Pawar (Staff Rep.) V. K. Joshi Dy. Chief Executive Officer (Accounts Dept.) CA. Uday V. Kulkarni Chartered Accountants & Internal Auditors Place : Karad Date : 12072013. 12 CA. Dilip M. Gurav Chief Executive Officer For M/s Limaye & Company Chartered Accountants CA. Vijay Thakkar (Partner) Statutory Auditors
SCHEDULES TO THE B/S & P & L ACCOUNT A. Authorised Share Capital SCHEDULE 1 SHARE CAPITAL SCHEDULE 2 RESERVE FUND & OTHER RESERVES A. Statutory Reserve Fund 18609401127 13825323962 B. Building Fund 15447909145 12736364645 C. Bad & Doubtful Debts Fund 26156742381 23116717581 D. Investment Fluctuation Fund 4805650000 3082150000 E. Capital Reserve Fund 722350000 722350000 F. Contingent Provision Against G. Provision against Contingencies 363539850 370764650 H. (7,50,00,000 Equity Shares 75000000000 75000000000 of Rs. 10 each) Standard Assets A. Fixed Deposits SCHEDULE 3 DEPOSITS & OTHER ACCOUNTS Sub Total A 1331521157042 1101603224546 B. Savings Deposits Sub Total B 248478489921 222561549930 C. Current Deposits B. Subscribed and Paidup Capital 47296872 (Previous year 47296872000 39628861000 39628861) Shares of Rs.10 each Total 47296872000 39628861000 1. Individual 1046618341642 901975105290 2. CoOperative Societies 284902815400 199628119256 1. Individual 247868899256 221800894620 2. CoOperative Societies 609590665 760655310 1. Individual 71439713887 71653181169 2. CoOperative Societies 7754691346 7053696321 3. Cash Credit (Credit Balance) 7784586884 4469685662 Sub Total C 86978992117 83176563152 Total Deposits (A + B + C) 1666978639080 1407341337628 SCHEDULE 4 OUTSIDE BORROWINGS Contingent Provision Against for Depreciation on Investments 2300000000 4500000000 3650000000 2300000000 Total 72905592503 59803670838 A. Small Industries Development 000 000 Bank of India (Refinance) B. NABARD (Refinance) 25000000000 000 C. MSC Bank Ltd. (Overdraft against Fixed Deopsits) 000 000 Total 25000000000 000 A. B. SCHEDULE 5 INTEREST PAYABLE (DEPOSITS & BORROWINGS) Interest Payable on Deposits 36031261426 20769821760 Interest Payable on outside 163835600 0000 Borrowings Total 36195097026 20769821760 SCHEDULE 6 OTHER LIABILITIES AND PROVISIONS A. Dividend Payable 204947435 80772160 B. Anamat Payable 432108269 1092952613 C. Miscellaneous Payable 11092063275 3928494028 D. Sundry Creditors (General Reserve Fund) 887323742 1283682909 Total 12616442721 6385901710 SCHEDULE 7 CASH AND BALANCE WITH BANKS A. Cash in hand and at ATM 8352314725 10909135107 B. Current Accounts with Banks 1. Reserve Bank of India 139970922834 104846024314 2. State Bank of India 2083801608 7130384672 & Associate Banks 3. Satara, Sangli, Kolhapur, 11099085391 19815397056 Solapur, Pune, Ratnagiri District Central Coop. Banks Ltd. 4. Maharashtra State Coop. 190358767 383215182 Bank Ltd. Mumbai 5. IDBI Bank Ltd. 316878150 6725587 6. ICICI Bank Ltd. 15373918497 10562468697 7. HDFC Bank Ltd. 142510868 617423692 8. Axis Bank Ltd. 980083742 3511068312 Total B 170157559857 146872707512 C. Fixed Deposits with Banks 1. Satara District 10305000000 17800000000 Central Coop. Bank Ltd. 2. Maharashtra State Coop. 300000000 300000000 Bank Ltd. Mumbai (Of which Rs. 30 lakh pledged with MSC Bank Ltd. as security for Overdraft facility) 3. Other Banks 76804439181 33452538258 Total C 87409439181 51552538258 Total (A + B + C) 265919313763 209334380877 13
SCHEDULE 8 INVESTMENTS SCHEDULE 9 LOANS & ADVACNES A. Short Term Loans & Advances 148701479057 349502565746 a. Secured against Govt. & Other Trustee Securities of which overdues Including Bad & Doubtful b. Secured against Other 1140925289 1459761600 Tangible Assets 146863686764 346443602456 of which overdues 4535075890 4787304678 Including Bad & Doubtful 665583184 736967998 c. Individual Guarantees (Clean Loans) 696867004 1599201690 of which overdues 87450212 124764700 Including Bad & Doubtful 10806100 11831300 B. Medium Term Loans & Advances 308450901147 115677375370 a. Secured against Govt. & Other Trustee Securities 452527600 218831989 Of which overdues Including Bad & Doubtful b. Secured against Other Tangible Assets 303203840288 110253699941 Of which overdues 16203413430 15090486981 Including Bad & Doubtful 772510343 757570723 c. Individual Guarantees (Clean Loans) 4794533259 A. Central/State Government Securities 481601158540 364596147100 Face Value Rs. 4802940000 (P. Y. Rs. 3705260000) Market Value Rs. 4813173838.40 (P. Y. Rs. 3626240511) (Of which Rs.190664163 earmarked as Reseve Fund Investment.) B. Unamortised Depreciation 298700000 461100000 on Investments C. Shares of Coop. Societies 1. Satara D. C. C. Bank Ltd. Satara 160000000 160000000 2. Maha. State Coop. Bank Ltd. Mumbai 166700000 166700000 3. Karad Urban M.S.Grahak Bhandar Ltd. 10000 10000 4. Apex Coop. Bank of Maharashtra 44900000 44900000 & Goa Urban Banks Ltd. Mumbai 5. Maha. State Urban Coop. Bank Ltd. 1000000 1000000 Total (C) 372610000 372610000 D. Other Investments 1. Industrial Finance Corp. Ltd. Shares 4000000 4000000 2. VHTRL DDB 2016 922875000 922875000 3. Bank of India Bonds 800000000 800000000 4. Margin with CCIL for Security Segment 6010000000 4010000000 5. Margin with CCIL for CBLO Segment 10000000 10000000 Total (D) 7746875000 5746875000 Total (A + B + C + D) 490019343540 371176732100 5204843440 Of which overdues 276663101 269209562 Including Bad & Doubtful 57224500 63638700 SCHEDULE 9 LOANS & ADVACNES C.Long Term Loans & Advances 616270297718 460843089546 a. Secured against Govt. & Other Trustee Securities Of which overdues 161661800 104850000 Including Bad & Doubtful b. Secured against Other Tangible Assets 589286036336 444685029986 Of which overdues 15666214157 11003538073 Including Bad & Doubtful 151032500 151032500 c. Individual Guarantees (Clean Loans) 26822599582 16053209560 Of which overdues 164138373 49692637 Including Bad & Doubtful Total Loans & Advances (A+B+C) 1073422677922 926023030662 SCHEDULE 10 FIXED ASSETS SCHEDULE 11 OTHER ASSETS SCHEDULE 12 COST OF ACQUISITION A. COST OF ACQUISITION OF SPCB A. Land & Buildings 9435793600 7362102131 (Less Depreciation) B. Dead Stock & Furniture 6639808200 6587857278 (Less Depreciation) C. Machinery, Computers & 3774647900 5672429823 Softwares (Less Depreciation) D. Vehicles (Less Depreciation) 382418800 581350200 E. Miscellaneous Assets 1574097215 2079979930 (Less Depreciation) A. B. Total 21806765715 22283719362 Advances Given 1263994490 608926150 Interest Receivable on 12143129336 9206502820 Investments Other Receivables 10832966245 8086431995 C. D. NPCI Receivables 102070000 0000 (RUPAY Clearing Settelment Account) Total 24342160071 17901860965 A. Opening Balance Cost of Acquisition of SPCB 0000 735684250 B. Less : Current year amortisation 0000 735684250 Closing Balance 0000 000 14
A. B. C. SCHEDULE 13 INTEREST RECEIVED SCHEDULE 14 OTHER INCOME Interest Received on a. Loans & Advances 136469847764 111635628937 b. Investments 40248326105 29165652722 Total 176718173869 140801281659 Commission, Exchange, Brokerage etc. 1826840339 2093783294 Profit on Sale of Securities 9857847400 4017156708 Profit on Sale of Assets 4263000 1711200 D. Other Receipts i) Dividend on Shares 16325000 11400000 ii) Building Rent 000 1338400 iii) Locker Rent 897746996 805976300 iv) Other Income 4203999964 3050264998 Total 16807022699 9981630900 SCHEDULE 15 INTEREST ON DEPOSITS & BORROWINGS A. Interest paid on Deposits 122590706848 90142253546 B. Interest paid on Borrowings 164750200 107509400 C. Repo Interest Expenses 5032113 7747320 Total 122760489161 90257510266 SCHEDULE 16 ESTABLISHMENT EXPENSES SCHEDULE 17 PROVISIONS A. Rent,Light,Insurance,Taxes etc. 4039129063 3867963382 B. Printing, Stationery & Advertisement 952729858 751316746 C. Depreciation & Reparis of Property 5618212060 4620458831 D. Directors, Local Advisory Committee 203014300 274500390 E. Audit Fees 561984800 723992296 F. Legal Charges 38437466 34584630 G. Postage Telegram & Telephone 374071993 460471021 H. Deposit Insurance (DICGC) I. Fees, Allowances & Travelling Exp. Premium 1440086200 1204490800 Other Expenses 4037203236 2957144549 J. Loss on Sale of Assets 37459900 263396648 K. Pigmy Commission 1989130030 1546681978 Total 19291458906 16705001271 A. Towards Amortisation of Premium B. Towards Bad & Doubtful Debts C. D. E. F. on Investments 491658300 489150000 Reserve 3000000000 2000000000 Towards Provision for Standard Assets 850000000 750000000 Towards Depreciation in Investments 000 1897500000 Amortisation Cost of Acquisition 000 735684250 Provision Against Contigencies 000 200000000 G. Investment Fluctuation Reserve 1023500000 000 Total 5365158300 6072334250 15
Disclosures as per RBI Guidelines (Rs. in Lacs) Sr. No. 1 Capital to Risk Assets Ratio 2 Movement in CRAR 11.60% 11.39% A. Tier I Capital 9102.62 7494.35 B. Tier II Capital 1624.13 1259.89 C. Total Capital Funds ( A+B ) 10726.75 8754.24 D. Risk Weighted Assets 92473.19 76833.70 E. Tier I Capital to Risk Weighted Assets 9.84 % 9.75 % F. Tier II Capital to Risk Weighted Assets 1.76 % 1.64 % G. Total Capital Funds to Risk Weighted Assets 11.60 % 11.39 % 3 Value of Investments A. SLR Investments Govt. Securities ( Book Value ) B. Non SLR Investments ( Book Value ) 48160.12 36459.61 a. Bonds of PSUs. 172.29 172.29 b. Shares of Coop. Institutions 37.26 37.26 c. Shares of Financial Institution 0.40 0.40 C. Other Investments a. Margin with CCIL for Security Segment 601.00 401.00 b. Margin with CCIL for CBLO Segment 1.00 1.00 D. Fixed Deposit with Banks a. MSC,DCC Banks 1060.50 1810.00 b. Other Banks 7680.44 3345.25 Total Face Value 57582.29 42819.80 Total Book Value 57713.01 42226.81 Total Market Value 57684.63 42029.61 4 Advances against Real Estate, Construction Business, Housing. A. Builders & Developers (Construction Business) 1773.27 1511.98 B. Housing 14591.88 11122.34 C. Others 4001.18 6439.14 5 Advances against Shares & Debentures 6 Advances to Directors & their Relatives A. Advances to Directors a. Fund Based 33.33 189.97 b. Non Fund Based N I L N I L B. Advances to Relatives of Directors a. Fund Based 107.55 44.83 b. Non Fund Based N I L N I L 7 Average Cost of Deposits 8 NPAs. Total 20366.33 19073.46 N I L N I L Total 140.88 234.80 8.34% 7.16% A. Gross NPAs. 4653.62 3353.57 % to Total Advances 4.34 % 3.62 % B. Net NPAs. 2553.62 1628.57 % to Net Advances 2.43% 1.79% 16
Disclosures as per RBI Guidelines (Rs. in Lacs) Sr. No. 9 Movement in NPAs. 10 Profitability Ratios Opening Balance 3353.57 3407.28 Add : Additions during the year 1894.76 621.60 Less : Recovery during the year 594.71 675.31 Closing Balance 11 Provisions made during the year 12 Movement in Provisions A. Towards NPA B. Towards Depreciation on Investments C. Towards Standard Assets 13 Foreign Currency Assets & Liabilities 14 Deposit Insurance (DICGC) Premium Paid 4653.62 3353.57 A. Interest Income as % of Working Funds 10.54 % 10.12 % B. Non Interest Income as % of Working Funds 1.00% 0.74 % C. Operating Profit as % of Working Funds 1.55 % 1.67 % D. Return on Assets 0.79 % 0.83 % E. Business ( Deposits + Advances ) per Employee 394.87 396.16 F. Profit per Employee 1.91 1.96 A. Towards NPA 300.00 200.00 B. Towards Depreciation on Investments 49.17 149.67 C. Towards Investment Fluctuation Reserve 102.35 0.00 D. Towards Standard Advances 85.00 75.00 E. Towards Amortisation cost of Acquisition 0.00 73.57 F. Towards Investment Depreciation Reserve 0.00 89.00 Opening Balance 2311.67 2108.61 Add : Provision made during the year 300.00 200.00 Add : Recovery from Loan 4.00 3.06 Closing Balance 2615.67 2311.67 Opening Balance 230.00 141.00 Add : Additions during the year 0.00 89.00 Closing Balance 230.00 230.00 Opening Balance 365.00 290.00 Add : Additions during the year 85.00 75.00 Closing Balance 450.00 365.00 April 2012 Sept. 2012 / April 2011 Sept. 2011 69.28 57.67 Oct. 2012 Mar. 2013 / Oct. 2011 Mar. 2012 74.73 62.78 April 2013 Sept. 2013 / April 2012 Sept. 2012 80.51 69.28 (The payments are made within stipulated time) N I L N I L 17
Disclosures as per RBI Guidelines Sr. Amount Extent of below Extent of Extent of No. investment unrated unlisted grade Securities Securities Securities 15 i) Issuer composition of Non SLR Investments 1 PSUs 2 FIs 0.40 0.40 0.40 3 Public Sector Banks a) Bonds 80.00 b) FDs 3524.98 4 Mutual Funds 5 Others a) Bonds 92.29 92.29 92.29 b) FDs 4155.46 6 Provision held towards Depreciation TOTAL 7853.13 0.00 92.69 92.69 ii) Non performing NonSLR investments Opening Balance Additions during the year since 1st April Reductions during the above period Closing Balance Total Provisions held 16 DISCLOSURES OF REPO / REVERSE REPO TRANSACTIONS Nil Nil Nil Nil Nil (Rs. in Lacs) REPO CROM 31032013 31032012 31032013 31032012 1 Securities Sold Minimum (Outstanding during the year) NIL NIL 850.25 299.00 Maximum (Outstanding during the year) NIL NIL 1488.17 995.50 Daily Average Outstanding during the year NIL NIL 1169.21 817.84 2 Securities Purchased Minimum (Outstanding during the year) 80.63 49.36 194.24 99.05 Maximum (Outstanding during the year) 1044.96 1889.95 4999.68 3999.51 Daily Average (Outstanding during the year) 747.60 616.98 973.52 526.55 3 As on Balance NIL NIL NIL NIL 17 RBI has imposed penalty on bank of Rs.5.00 Lakh on 16th July 2012 for the violation of instructions/ guidelines of RBI in regards of branch shifting. 18
Notes Forming Part Of The Profit & Loss Account st For the year ended 31, March, 2013 and Balance Sheet as on that date SIGNIFICANT ACCOUNTING POLICIES 1. ACCOUNTING CONVENTIONS : The accompanying financial statements have been prepared following the going concern concept, on historical cost basis unless otherwise stated and conform to the Generally Accepted Accounting Principles (GAAP) in India, which encompasses applicable statutory provisions, regulatory norms prescribed by the Reserve Bank of India, Accounting Standards (AS) and pronouncements issued by The Institute of Chartered Accountants of India and accounting practices prevalent in the banking industry in India. The preparation of financial statements requires the management to make estimates and assumptions considered in the reported amount of assets and liabilities (including contingent liabilities) as of date of the financial statements and the reported income and expenses for the reporting period. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable. 2. REVENUE RECOGNITION : (a) (b) (c) (d) (e) (f) (g) (h) 3. ADVANCES : (a) (b) Income/Expenditure is generally accounted for on accrual basis, unless otherwise stated. Interest on performing advances is recognized on accrual basis. Income on Nonperforming Assets (NPAs) is recognized on realization, in terms of the RBI guidelines. Interest on fixed income securities is recognized on accrual basis. Commission income on the bank guarantees is recognized as income on realization basis. Locker Rent, Building Rent is generally recognized on actual basis. Other items of income are recognized on realization basis. Cost towards Staff incentives is recognized on cash basis. In terms of guidelines issued by the RBI, advances to borrowers are classified into Performing or NonPerforming assets based on recovery of principal/ interest. NPAs are further classified as SubStandard, Doubtful and Loss Assets. Provision for Standard assets, SubStandard, Doubtful and Loss assets is made as per RBI guidelines. 4. INVESTMENTS : (a) Investments are classified under `Held to Maturity' (HTM), 'Held for Trading' (HFT) and 'Available for Sale' (AFT) categories as per RBI guidelines. (b) Bank decides the category of each investment at the time of acquisition and classifies the same accordingly. Shifting of securities from one category to other is done as per RBI guidelines with the approval of Board of Directors. The depreciation if any on such shifting is provided for and book value is of the security is changed accordingly. (c) The Bank has adopted the Accounting Procedure prescribed by the RBI for accounting of Repo and Reverse Repo transactions. Costs and revenues are accounted for as interest expenditure / income, as the case may be. (d) Investments are valued in accordance with the RBI guidelines. a. Securities under the category Held to Maturity' (HTM) are valued at cost. Where ever cost is higher than face value, the premium is amortized over the remaining period of maturity. b. Securities under the category 'Available for Sale' (AFT) are marked to market and are valued at Market Rate declared by FIMMDA as on 31st March 2013. On the basis of valuation if it results in appreciation the same is ignored and if it results in depreciation the same is provided for. The book value is not changed after the valuation at year end. c. Securities under the category 'Held for Trading' (HFT) are valued as per prices declared by FIMMDA. The depreciation if any is provided for. The book value is not changed after the valuation at year end. (e) Profit and Loss on sale of investment is accounted for in the Profit & Loss account considering the original cost of acquisition. 5. FIXED ASSETS and DEPRECIATION : a) Fixed Assets are stated at Cost net of Deprecation. b) Depreciation on assets is charged on the Written down Value at the rates determined by the Bank, except in respect of computers, vehicles where it is calculated on the Straight Line Method, at the rates prescribed by RBI. c) Depreciation on fixed assets is charged for the full year if the asset is purchased and installed during the first six months of the year. If the asset is purchased and installed in the later six months then 50% of the normal rate of depreciation is charged. 6. Lease Payment : Operating lease payments are recognized as an expense in the Profit and Loss account on a straight line basis over the lease term. The details of Lease Payment as below 19
(Rs. In Lakh) Total Consideration Lease amount debited to P & L A/C up to 31/3/12 Lease amount debited to P & L A/C in the current year i.e. 201213 Balance amount as on 31/03/2013 201.10 15.39 3.07 182.64 7. Earning per Share : (a) Earning per share are calculated by dividing the net profit for the period after tax attributable to equity shareholders (before appropriation) by weighted average number of equity shares outstanding during the period. (b) The weighted average number of equity shares outstanding during the period are calculated by aggregating the equity shares outstanding at the beginning of the period adjusted by the number of shares surrendered/ forfeited or issued during the period multiplied by the time weighting factor, which is the number of days for which the shares are outstanding as a proportion of total number of days during the year. Net worth of the Bank as on date of Balance Sheet is Rs. 1072616000.00. thus value of the share comes to Rs. 22.68. 8. EMPLOYEE BENEFITS : a) Provident Fund & Pension Fund The defined contribution as per Provident Fund & Pension Fund scheme is charged to Profit & Loss Account. b) Gratuity Gratuity liability is recognized as per actuarial valuation made at the end of financial year. The bank pays contribution to Life Insurance Corporation of India who maintains Gratuity Policy for bank employees. c) Leave Encashment Bank has provided for Leave encashment benefit on the basis of declaration obtained from bank employees regarding exercises the option. 9. TAXES ON INCOME : (a) Income Tax comprises the current tax provision. (b) Income Tax Authority has demand Rs. 71368222.00 towards income tax & interest on tax for the Assessment year 200708, 200809 & 200910. Bank deposited Rs.6,65,00,000.00 against demand and shown the amount as receivable. The demands are pending with various appellate authorities. 10. EXTRAORDINARY ITEMS : Shri Parshwanath Coop Bank Ltd., Sangli merged with the Bank w.e.f 03/12/2007. The assets and liabilities and the reserves and provisions taken over from the merging bank are incorporated in the financial statements. The SPCB Collection A/c is reflected separately in Balance Sheet. 11. Other Notes : a. The Bank has ascertained that there is no material impairment of any of its assets and as such no provision under Accounting Standard 28 issued by the ICAI is required. b. Reconciliation of inter Bank Accounts as on 31/03/2013 are completed. c. Previous year figures are regrouped or rearranged or reclassified wherever necessary to confirm the layout of the accounts of the current year. 12. The Segment Reporting Statement on the basis of Product & Services AS ON 31.03.2013 Treasury Operations (Dealing in Govt. Securities) Other Banking Operations (Lonas & Advances and Other Services) Total Revenue 4440.36 14912.16 19352.52 Expenses 3944.80 12809.64 16754.44 Provisions 49.16 487.36 536.52 Profit Before Tax 446.40 1615.16 2061.56 Taxation 133.92 604.08 738.00 Profit After Tax 312.48 1011.08 1323.56 Segment Assets 48332.41 139956.61 188289.02 Segment Liabilities 45915.79 142373.23 188289.02 20
13. Cash Flow Statement For The Year Ended 31032013 Sr. No. (Rs. in Lacs) As on 3132013 Rs. Ps. A Cash Flow Generated From Operating Activities 1 Net Profit as per profit and Loss A/c 1323.56 Ajustments for Depr./ Amortisation of Fixed Assets 477.67 Provision Made 536.52 Provision for taxation 738.00 Loss on Sale of Assets 3.75 Recovery in writte off account 4.00 Dead Stock wriiten Off 13.91 Entrance Fees & other 16.51 Income tax paid (TDS) 4.21 TOTAL 3118.13 LESS: Profit on sale of Assets 0.43 Provision against Contiengecies 0.73 Operating Profit before Working Captial Changes 3116.97 2 Adjustments for working Capital Changes (Increase)/ Decrease in Investment (12014.81) (Increase)/ Decrease in Advances (14739.97) Increase / (Decrease) in Borrowings 2500.00 Increase / (Decrease) in Deposits 25963.73 Increase / (Decrease) in Interest payable 1542.53 (Increase) / Decrease in Other Assets (548.78) (Increase) /Decrease in Advance Income Tax 719.35 Increase / (Decrease) in Other Liabilities 610.64 Increase / (Decrease) in I.Tax liability (1419.75) Increase/(Decrease) in Branch Adjsutment (33.67) Net Working Captial Changes 2579.27 B C D Net Cash generated from Operating Activities 5696.24 Cash Flow From Investing Activities Fixed Assets Acquisition (Net) (465.27) Cash Flow From Financing Activities Increase in Share Capital 766.80 Payment of Dividend (339.27) Net Increase in Cash & Cash Equivalents Cash & Cash Equivalents at the beginning of the year 20933.43 Cash & Cash Equivalents at the end of the year 26591.93 NOTE: Cash & cash Equivalents 1. Cash Balance 835.23 2. Balance with Reserve Bank Of India 13997.09 3. Balances with other Banks 11759.61 V. K. Joshi Dy. Chief Executive Officer (Accounts Dept.) CA. Dilip M. Gurav Chief Executive Officer Place : Karad Date : 12072013. CA. Uday V. Kulkarni Chartered Accountants & Internal Auditors 21 For M/s. LIMAYE & COMPANY Chartered Accountants CA. VIJAY THAKKAR (Partner) Statutory Auditors