2 Clr Setup final - VVCC Bank Annual Report 2014-15 final.pdf · OUR VISION OUR MISSION VVCC Bank's...

OUR VISION

OUR MISSION

VVCC Bank's name to be synonymous with Trust, Efficiency and Security.

To be among the most admired CO-OPERATIVE BANK in the country.

Business to grow at a Compounded Annual Growth Rate (CAGR) of 20%.

NPAs to be reduced to 2-3% of net advances.......................................................................................... (Achieved)

Lending rates to be brought in parity with the rates of commercial banks................................................ (Achieved)

To have a network of 5 branches within the operational area.

To be perceived as a preferred banker by depositors, small businessmen and small scale industries.... (Achieved)

To prepare for customer's expectations well-in-advance.

To emerge as the Model Bank in Co-operative sector,

equipped with cutting edge technology,

providing world class services and

maintaining the highest standards of professionalism and integrity.

The Vallabh Vidyanagar Commercial Co-operative Bank Limited

V V C CBANK LIMITED

44 ANNUAL REPORT

2014-2015

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The Vallabh Vidyanagar The Vallabh Vidyanagar

Commercial Co-operative Bank Ltd.Commercial Co-operative Bank Ltd.

The Vallabh Vidyanagar

Commercial Co-operative Bank Ltd.

th44 Annual Report 2014-15th44 Annual Report 2014-15th44 Annual Report 2014-15

2 th44 Annual Report 2014-15th44 Annual Report 2014-15th44 Annual Report 2014-15

^u h‰c rhÛp“Nf L$p¡dri®eg L$p¡-Ap¡‘f¡V$uh b¢L$ gu. “p kh£ kcpkv$p¡“¡ ÅZ L$fhpdp„ Aph¡ R>¡ b¢L$“u Q„yhpgukdu kp^pfZ kcp spfuM 14-06-2015 “¡ frhhpf, khpf“p 9:30 L$gpL¡$ Np¡thv$cpB Å¡fpcpB ipfv$p d„qv$f lp¡g, h‰c rhÛp“Nfdp„ “uQ¡ dyS>b“u L$pe®k|Qu lp’ ̂ fhp dpV¡$ dmi¡. sp¡ kh£ kcpkv$p¡“¡ ‘^pfhp rh“„su.

L$pe®k|Qu :

1. spfuM 15-06-2014 “p fp¡S> dm¡g hprj®L$ kp^pfZ kcpdp„ ’e¡g L$pdL$pS>“u L$pe®“p¢^ hp„Qu blpg fpMhp bpbs.

2. spfuM 31-03-2015 “p fp¡S> ‘yfp ’sp hj®“y„ bp¡X®$ Ap¡a qX$f¡L$V$k£ s¥epf L$f¡gy„ s’p AÞh¡jL$îuA¡ âdpZus L$f¡gy„ k“¡ 2014-2015 “p hj®“y„ kfh¥ey„ s¡dS> “ap-“yL$kp“ ‘ÓL$ d„Sy>f L$fhp bpbs.

3. k“¡ 2014-2015 “p hj®“p “ap“u apmhZu d„Sy>f L$fhp bpbs.

4. hj® 2014-2015 v$frdep“ b¢L$“p L$fS>v$pfp¡ ‘pk¡’u kdp^p“ fpl¡ L$f¡g hkygps“¡ blpgu Ap‘hp bpbs.

5. k“¡ 2014-2015 “p hj® dpV¡$“p AÞh¡jZ Al¡hpg“u “p¢^ g¡hp bpbs.

6. hj® 2015-2016 dpV¡$“y„ hprj®L$ A„v$pS>‘Ó d„Sy>f L$fhp bpbs.

7. ‘qfriô$dp„ S>Zpìep dyS>b ‘¡V$p L$pevpAp¡dp„ a¡fapf L$fhp bpbs.

8. âdyMîu“u d„Sy>fu’u buÅ L$pdp¡ L$fhp bpbs.

õ’m : h‰c rhÛp“Nf

spfuM : 29/04/2015

“p¢^ :

1. L$p¡fd“p Acph¡ Ap kcp dygshu fl¡i¡ sp¡ AX$^p L$gpL$ bpv$ s¡ S> õ’m¡ afu’u dmi¡ S>¡dp„ L$p¡fd“u S>ê$qfeps fl¡i¡ “l].

2. L$p¡B‘Z kcpkv$ hprj®L$ kp^pfZ kcp“u spfuM’u kps qv$hk ANpD b¢L$“p L$pdL$pS> k„b„^u W$fph d¡“¡Æ„N qX$f¡L$V$f ‘f dp¡L$gu Ap‘i¡ sp¡ s¡“¡ hprj®L$ kp^pfZ kcp“u L$pe®k|Qudp„ v$pMg L$fpi¡. s¡ rkhpe âdyM L¡$ d¡“¡Æ„N qX$f¡L$V$f b¢L$“p rls“¡ gNsy„ L$pd L$f¡ sp¡ s¡ D‘f rhQpf L$fhp“y„ A“¡ s¡“p¡ r“L$pg L$fhp“y„ fl¡i¡.

Q„yhpgukdu kp^pfZ kcp A„N¡ Ål¡fps

The richest man is not he who has the most, but he who needs the least.

fuTh® b¢L$ Ap¡a BÞX$uep “u DEAF–2014 ep¡S>“p A„N¡ ANÐe“u Ål¡fps

b¢L$“p sdpd N°plL$p¡“¡ S>Zphhp“y„ L¡$ fuTh® b¢L$ Ap¡a BÞX$uep“u DEAF–2014 (Depositors Education and Awareness

Fund) ep¡S>“p A„sN®s S>¡ Mps¡v$pf“y„ L$p¡B‘Z âL$pf“y„ Mpsy R>¡‰p v$i hj®’u B“ Ap¡‘f¡V$uh fl¡g lp¡e s¡hp MpspAp¡“u S>dp fL$d s¡ Mpsy b„O

L$fu“¡ fuTh® b¢L$ Ap¡a BÞX$uep, dy„bB Mps¡ dp¡L$gu v$¡hpdp„ Aph¡ R>¡. S>¡ fL$d Mps¡v$pfp¡“¡ S>ê$fu v$õsph¡Å¡ kp’¡ L$g¡Bd L$fhp’u ‘fs dmu iL¡$ R>¡.

Ap’u v$f¡L$ Mps¡v$pfp¡“¡ k|Q“p Ap‘hp“u L¡$ gp„bp kde’u L$p¡B‘Z âL$pf“u g¡hX$-v$¡hX$ rh“p “p MpspAp¡ A’hp L¡$.hpe.ku. “p

v$õsph¡Å¡ S>dp “p L$fpìep lp¡e s¡hp MpspAp¡dp„ L¡$.hpe.ku. v$õsph¡Å¡ Ap‘u“¡ s¡hp MpspAp¡dp„ g¡hX$-v$¡hX$ iê$ L$fhu.

L$dg¡i A¡d. ‘V¡$g - d¡“¡S>f

bp¡X®$ Ap¡a qX$f¡L$V$k®“p Apv$¡i’u





Ou h‰c rhÛp“Nf L$p¡dri®eg L$p¡-Ap¡‘ b¢L$ gu, h‰c rhÛp“Nf

Ap‘“u b¢L$“p rlkpbu hj® 31du dpQ® 2015 “p hj® 01/04/2014 ’u 31/03/2015 “p õV¡$ÃeyV$fu Ap¡X$uV$f sfuL¡$ Adpfu r“dÏ„L$ sdpfu b¢L$“p spfuM 03/07/2014 “p ‘Ó “„bf 43/949 AÞhe¡ L$fhpdp„ Aph¡g lsu. lºL$d“u ifsp¡“¡ ApqO“ Adp¡A¡ Adpfu Ap¡X$uV$ L$pdNufu b¢L$ Üpfp hMsp¡ hMs ‘yfu ‘pX$hpdp„ Aph¡g dprlsu“p Ap^pf¡ spfuM 31/03/2015 “p fp¡S> ‘yfp ’e¡g hj® dpV¡$“u ‘|Z® L$f¡g R>¡. Ap k„õ’p“y„ ‘pLy„$ kfh¥ey, “ap-“yL$ip“ ‘ÓL$ s’p rlkpbu v$asf“u QL$pkZu L$fu “uQ¡ dyS>b Al¡hpg fSy> L$fuA¡ R>uA¡.

1) b¢L$“u ìehõ’p‘L$ krdsu Üpfp b¢L$“p¡ hluhV$ klL$pfu L$pev$p-L$p“y““u Å¡NhpBAp¡ A“¡ ‘¡V$p q“edp¡“¡ AprO“ flu“¡ Qgphhpdp„ Aph¡ R>¡ A“¡ L$pev$p-L$p“y““u Å¡NhpBAp¡“y„ krdsu Üpfp ‘pg“ ’e¡g R>¡.

2) b¢L$“u ìehõ’p‘L$ krdsu Üpfp Apf.bu.ApB. “p hMsp¡ hMs“p kfL$eygk® / W$fphp¡ A“¡ dpN®v$i®L$ k|Q“pAp¡ rhN¡f¡“y„ ‘pg“ L$fhpdp„ Aph¡ R>¡ AÞe’p AgN’u v$ip®hhpdp„ Apìey„ lp¡e s¡ rkhpe.

3) b¢L$dp„ rlkpbu v$asf, rÓdprkL$ rlkpbp¡, rlkpbu ‘Ý^rs fuTh® b¢L$ Ap¡a BÞX$uep“u k|Q“p/klL$pfu L$pev$p“u Å¡NhpBAp¡ k„v$c£ r“cphhpdp„ Aph¡ R>¡.

4) b¢L$ Üpfp A¡k.A¡g.Apf. A“¡ ku.Apf.Apf. “p ̂ p¡fZ S>mhpe¡g R>¡.

5) b¢L$ Üpfp fuTh® b¢L$ Ap¡a BÞX$uep“u A¡“.‘u.A¡. A„N¡“u NpBX$ gpBÞk dyS>b rdëL$sp¡“y„ hN}L$fZ L$fhpdp„ Aph¡g R>¡, A“¡ s¡ A„N¡ ‘ep®á Å¡NhpB L$fhpdp„ Aph¡g R>¡.

6) b¢L$“p ìehõ’p‘L$ d„X$m“p kæep¡“¡ rOfpZ s¡d“u S> qaL$k X$u‘p¡TuV$ kpd¡ L$fhpdp„ Aph¡g R>¡.

7) b¢L$“p lp¡v¹¡$v$pfp¡ L¡$ qX$f¡L$V$f îu Üpfp klL$pfu L$pev$p-L$p“y“ L¡$ ‘¡V$p r“edp¡“u Å¡NhpB dyS>b N¡fgpeL$ps ’e¡g “’u.

8) rlkpbu hj®“p kde v$fçep“ g¡Zp„ dp„X$hpm L$fhp“p qL$õkpAp¡dp„ Apf.bu.ApB s’p klL$pf Mpsp Üpfp Bõey L$f¡g k|Q“pAp¡“y„ ‘pg“ L$fhpdp„ Aph¡g R>¡.

9) L$p¡V®$ fpl¡ kdp^p“ dp„X$hpm“p qL$õkpAp¡dp„ k„õ’p“y„ rls Å¡Mdpe¡g “’u.

10) Adpfu DÑd ÅZ s’p dpÞesp s’p Adp¡“¡ dm¡g dprlsu A“¡ MygpkpAp¡ dyS>b s’p Ap A„N¡“u Adpfu AgN Ap¡qX$V$ “p¢O“¡ Apr^“ fu‘p¡V®$ L$fuA¡ R>uA¡ L¡$,

A) spfuM 31/03/2015 “p fp¡S>“y„ b¢L$“y„ kfh¥ey„ b¢L$“u Apr’®L$ ‘qf[õ’su“p¡ kpQp¡ A“¡ ìepS>bu ¿epg Ap‘¡ R>¡ s’p

b) spfuM 31/03/2015 “p fp¡S ‘yfp ’sp„ hj®“y„ “ap-“yL$ip“ Mpsy s¡ qv$hk“p fp¡S> ‘yfp ’sp hj®“p¡ kpQp¡ A“¡ ìepS>bu ¿epg Ap‘¡ R>¡.

õ’m : ApZ„v$

spfuM : 24/04/2015

Ap¡X$uV$k® fu‘p¡V®$

Adpfp kpdpÞe i¡fp¡“¡ AprO“

ap¡f bu.ku. ‘V¡$g A¡ÞX$ L$py„QpV®$X®$ A¡L$pDÞV$ÞV$k

cfscpB ku. ‘V¡$g‘¡“g “„ 489, ApZ„v$

âp¡‘fpBV$fõ‘¡. Ap¡X$uV$f / âdprZs AÞh¡jL$

3

Don’t let a hard lesson harden your heart.






k„QpgL$ d„X$mhsu Q¡fd¡“ îu Üpfp fSy> ’e¡g Al¡hpg

ìlpgp kcpkv$ cpBAp¡ A“¡ bl¡“p¡,

Ap‘Zu b¢L$“p¡ hj® 2014-15 dpV¡$“p¡ 44dp¡ hprj®L$ Al¡hpg Ap‘ kp¥“u kdn fSy> L$fsp„ Ap“„v$ A“¡ Np¥fh“u gpNZu A“ychy„ Ry>„. hus¡gp hj® v$fçep“ ’e¡gp fpS>L$ue A“¡ Apr’®L$ ‘qfhs®“p¡“p L$pfZ¡ s’p qiq’g ’e¡gp A’®s„Ódp„ Aph¡g Q¡s“p“p ‘qfZpd¡ Ap‘Zp fpô²$“u Apr’®L$ [õ’su kp“yLy$m fl¡g R>¡. Ap„sffpô²$ue õsf¡ ‘¡V²$p¡rged ‘¡v$pip¡“u qL„$dsdp„ ’e¡gp dpsbf ^V$pX$p“p L$pfZ¡ v$¡idp„ cph-hOpfp/aºNphp“u [õ’su s’p “pZp„L$ue MpÛ“u ‘qf[õ’su A¡L„$v$f¡ r“e„ÓZdp„ A“¡ ky^pfp sfau fl¡gu S>Zpe R>¡. kdN°sep Å¡sp„ Qpgy “pZp„L$ue hj® 2015-16 v$fçep“ Ap‘Zp v$¡i“y„ A’®s„Ó hOy h¡Nh„sy ’i¡, A¡hu Apip fpMu iL$pe. D‘fp„s, Apq’®L$ kyOpfpAp¡“p cpNê$‘¡ A’®s„Ó“¡ Nrsiugsp ‘yfu ‘pX$hp fuTh® b¢L$ Ap¡a BÞX$uepA¡ L$f¡gp ìepS>-v$f OV$pX$p“u Akfp¡ ‘Z lh¡ ‘R>u“p kdedp„ Å¡B iL$pi¡.

D‘fp¡L$s kp“yLy$mspAp¡“u kL$pfpÐdL$ Akf Al¡hpg l¡W$m“p b¢L$“p„ hprj®L$ ‘qfZpdp¡dp„ Ap‘ kp¥ Qp¡½$k Å¡B iL$ip¡. b¢L$“u Ly$g ’p‘Zp¡ hprj®L$ 20.72% “p hOpfp kp’¡ ê$p. 122.06 L$fp¡X$“u ’e¡g R>¡, S>epf¡ Ly$g rOfpZp¡ 42.92% “p hOpfp kp’¡ ê$p. 66.11 L$fp¡X$“p

füp„ R>¡. ‘qfZpd¡, b¢L$“p¡ ¾¡$X$uV$-qX$‘p¡TuV$ f¡iuep¡ 50%“u kudp“¡ hV$phu“¡ 54.16% A¡ ‘lp¢Ãep¡ R>¡. hj® v$fçep“ NPA MpspAp¡dp„ fuL$hfu

‘Z kpfu ’hp ‘pd¡g R>¡. b¢L$“u k^“ hk|gps L$pe®hplu s’p kdpOp“ fpl¡ L$f¡g âq¾$ep“p ‘qfZp¡d¡ b¢L$“y„ NPA Nep hj®“p ê$p. 208.07

gpM“u kpd¡ hjp¯s¡ ê$p. 168.75 gpM fl¡g R>¡. b¢L¡$ s¡“u kpd¡ L$f¡g Å¡NhpBAp¡“p k„v$c®dp„ b¢L$“y„ NET NPA i|Þe R>¡.

Ap‘ kp¥ Mps¡v$pfp¡ s’p kcpkv$p¡“p b¢L$“p d¡“¡S>d¡ÞV$ âÐe¡“p AsyV$ rhðpk A“¡ klep¡N“¡ L$pfZ¡ Ap‘Zu b¢L$ s¡“u Adyëe k¡hpAp¡ hOy“¡ hOy N°plL$p¡ kyOu ‘lp¢QpX$u iL¡$ s¡hp ArcNd kp’¡ ipMp rhõsfZ dpV¡$ fuTh® b¢L$ Ap¡a BÞX$uep ‘pk¡’u S>ê$fu d„Sy>fu dpV¡$ L$pe®hplu L$f¡g lsu. lpgdp„ S>, fuTh® b¢L$ Ap¡a BÞX$uep Üpfp b¢L$“u dp„NZu N°pü fpMu“¡ b¢L$“u ipMp ApZ„v$ Mps¡ Mp¡ghp dpV¡$ ‘fhp“Nu dm¡g R>¡, S>¡ Ap‘Zp kp¥“p dpV¡ Ap“„v$“u hps R>¡. Ap “hu“ iyc iê$Aps b¢L$“p cprh rhL$pkdp„ ̂ Zu dv$v$ê$‘ fl¡i¡ A¡hu Ap‘Z¡ kp¥ A‘¡np fpMuA¡.

kcpkv$p¡“¡ S>Zphhp“y„ L¡$ a¡b°yApfu-2015 v$fçep“ Ap‘Zu b¡ÞL$“y„ RBI Üpfp h¥^pr“L$ ‘funZ (Statutory Inspection) L$fhpdp„ Aph¡g S>¡ hj® 2013 A“¡ 2014 kp’¡ k„b„r^s lsy„. Ap‘Z¡ b¡ÞL¡$ kamsp‘|h®L$ Ap ‘funZ ‘kpf L$f¡g R>¡, s¡dS> b¡ÞL$“u

L$pdNufu âÐe¡ RBI Üpfp k„sp¡j ìe¼s L$fhpdp„ Apìep¡ R>¡.

Ap‘ kp¥“¡ S>Zphsp M|bS> lj®“u gpNZu A“ychy Ry>„ L$¡ ApZ„v$ - M¡X$p Æ‰p“u klL$pfu b¢L$p¡ dp„’u kp¥ â’d Ap‘Zu b¢L$ Üpfp

RUPAY-ATM-CUM-DEBIT CARD “u khgs iê$ L$fhp dpV¡$ Nshj® v$fçep“ âeÐ“p¡ ’e¡gp, S>¡“p ‘qfZpd¡ A¡Q.X$u.A¡a.ku. b¢L$“p

klep¡N’u Ap‘Zu b¢L$ v$¡i“u sdpd b¢L$p¡“p ATM “¡V$hL®$dp„ klcpNu ’i¡ A“¡ b¢L$“y„ ‘p¡sp“y„ ON-SITE ATM b¢L$ ‘fukfdp„ Vy„$L$ kdedp„ S> L$pe®fs ’i¡, S>¡“u Ål¡fps L$fsp„ Np¥fh“u gpNZu A“ychy„ Ry>„.

spfuM 05/12/2014 “p fp¡S> A¡Q.X$u.A¡a.ku. b¢L$“p klep¡N’u Ap‘Zu b¢L$dp„ fL$sv$p“ ribuf (Blood Donation

Camp) “y„ Apep¡S>“ L$f¡g, S>¡dp„ N°plL$p¡, kcpkv$p¡ A“¡ L$d®QpfuAp¡A¡ DÐkpl ‘|h®L$ fL$sv$p“ L$f¡gy„ A“¡ 61 eyr“V$ ågX$ A¡L$Óus ’B iL¡$g. b¢L$“p Aphp ep¡Nv$p““u L$v$f L$fu“¡ A¡Q.X$u.A¡a.ku. b¢L$ Üpfp b¢L$“¡ âi[õs‘Ó A“¡ iuëX$ A¡“pes ’e¡g R>¡, S>¡“p dpV¡$ sdpd klcpNuAp¡ Arc“„v$““¡ ‘pÓ R>¡.

b¢L$ Üpfp spS>¡sfdp„ S> ’e¡gp rOfpZ ìepS>v$fdp„ OV$pX$p“¡ L$pfZ¡ b¢L$“p ìehkpedp„ h©[Ý^ Å¡hp dm¡g R>¡. ApNpdu kdedp„ ‘Z õ‘^p®ÐdL$ hpsphfZ“¡ Ýep“dp„ gB b¢L$ Üpfp kdep„sf¡ r“Z®e g¡hpdp„ Aphi¡, S>¡ b¢L$“u kÝ^fsp A“¡ rhL$pk kp’¡ kyk„Ns lp¡e.

N°plL$p¡ A“¡ kcpkv$p¡“p¡ As|V$ rhðpk, s¡d“p sfa’u dm¡g klL$pf A“¡ b¢L$“p bp¡X®$“p dpN®v$i®“dp„ ’e¡g L$pdNufu“p gu^¡S> Ap‘Z¡ Ap ‘qfZpdp¡ A“¡ rk[Ý^Ap¡ lp„kg L$fhp knd bÞep R>uA¡, S>¡“u klj® “p¢^ gJ Ry>„.

spS>¡sf“p kdedp„ ‘pX$p¡iu v$¡i “¡‘pmdp„ A“¡ Ap‘Zp ‘|hp£Ñf fpÄep¡dp„ Aph¡g c|L„$‘“p gu^¡ ’e¡g Å“lp“u A“¡ Myhpfu bv$g Ap‘ kp¥“p hsu ùv$e‘|h®L$ qv$gkp¡Æ ‘pW$hy„ Ry>„ A“¡ kp¥“y„ S>“Æh“ ‘y“: kyìeh[õ’s A“¡ kpdpÞe b“¡, s¡ dpV¡$ ‘fd L©$‘pmy ‘fd¡ðf“¡ âp’®“p L$ê„$ Ry>„.

“ap“u apmhZu Ap‘Zu b¢L$“p¡ spfuM 31/03/2015 “p fp¡S> ‘|fp ’sp hj®“p¡ L$pQp¡ “ap¡ ê$p. 202.10 gpM (Ns hj®“p¡ ê$p. 167.52 gpM) ’e¡g R>¡. s¡dp„’u AphL$h¡fp s’p AÞe S>ê$fu Å¡NhpBAp¡ ¼ep® ‘R>u ê$p. 85.00 gpM (Ns hj®“p¡ ê$p. 80.00 gpM) Qp¡¿Mp¡ “ap¡ ’e¡g R>¡. k„QpgL$ d„X$m 12% qX$huX$ÞX$ Ap‘hp“u s’p “uQ¡ dyS>b Qp¡¿Mp “ap“u apmhZu L$fhp“u cgpdZ L$f¡ R>¡.

Q¡fd¡“îu “y„ r“h¡v$“


The ultimate source of a happy life is the attention we pay to our inner values. ~ Dalai Lama





spfuM 31/03/2015 “p¡ “ap¡ ê$p. 85,00,000.00 (‘¡V$p r“ed 66(A) A“¡ 66(b) dyS>b) apmhZu rhNs ê$p. ‘¥kp 66(A) dyS>b 1 fuTh® a„X$ Qp¡¿Mp “ap“p 45.00% 38,25,000.00 2 qX$huX$ÞX$ i¡f c„X$p¡m“p 12.00% 20,23,268.00 3 qinZ apmp¡ Qp¡¿Mp “ap“p 2.00% 1,70,000.00 4 qX$huX$ÞX$ B¼hugpBT¡i“ a„X$ Qp¡¿Mp “ap“p 2.00% 1,70,000.00 5 Mfpb A“¡ iL$d„v$ g¡Zp a„X$ 15.00% 12,75,000.00

kfhpmp¡ 74,63,268.00

D‘fp¡L$s apmhZu bpv$ bpL$u “ap¡ 10,36,732.00

66(b) dyS>b bpL$u “ap“p 1 klL$pf âQpf a„X$ 5.00% 51,836.00 2 rbëX$]N a„X$ 40.00% 4,14,694.00 3 ^dp®v$p a„X$ 5.00% 51,836.00 4 õV$pa h¡ga¡f a„X$ 5.00% 51,836.00 5 kcpkv$ b¡“uauV$ a„X$ 30.00% 3,11,020.00 6 dlp¡Ðkh a„X$ 15.00% 1,55,510.00

10,36,732.00

îÝ^p„S>gu

Ap‘Zu b¢L$“p c|s‘|h® Q¡fd¡“ îu dp¡l“cpB ku. ‘V¡$g“p spfuM 13/10/2014 “p fp¡S> ’e¡g Ahkp“ bv$g b¢L$“y„ bp¡X®$ Ap¡a X$uf¡L$V$k®, L$d®QpfuNZ A“¡ kcpkv$p¡ ip¡L$“u gpNZu A“ych¡ R>¡. b¢L$dp„ s¡Ap¡“p L$pe®L$pm v$fçep“ s¡Ap¡A¡ Ap‘¡g dpN®v$i®“ A“¡ d|ëer“›$ k¡hpAp¡“u bp¡X®$ Ap¡a X$uf¡L$V$k¡® L$v$f‘|h®L$ “p¢^ gu^¡g R>¡. kv$Ns“p ApÐdp“¡ ‘fÐdpÐdp rQf ip„rs Ap‘¡ A“¡ A¡d“p ‘qfhpfS>“p¡“¡ kp„Ðh“p dm¡ A¡hu âp’®“p.

b¢L$“p dp“h„sp kcpkv$p¡ s’p N°plL$p¡, S>¡ Ns hj® v$fçep“ Ahkp“ ‘pçep R>¡, s¡Ap¡“p ApÐdp“¡ ip„rs dm¡ s¡dS> s¡d“p ‘qfhpfS>“p¡“¡ kp„Ðh“p dm¡ A¡ dpV¡$ b¢L$ ‘qfhpf hsu lº„ Cðf“¡ âp’®“p L$ê„$ Ry>„.

Apcpf v$i®“

Ap‘Zu b¢L$“u Arhfs âNrsdp„ Ap‘ kp¥ kcpkv$p¡, dp“h„sp ’p‘Zv$pfp¡ s’p N°plL$ rdÓp¡“p¡ k„QpgL$ d„X$mdp„ AsyV$ rhðpk A“¡ cfp¡kp¡ M|b dlÐh“p¡ cpN R>¡. lº„ b¢L$“p k„QpgL$ d„X$m hsu Ap‘ kp¥“p¡ M|bS> Apcpfu Ry>„. b¢L$“y„ k„QpgL$ d„X$m h^y“¡ h^y ‘pfv$i®L$ fus¡ b¢L$“p î¡›$ k„Qpg“ A“¡ âNrs dpV¡$ kv$pe âeÐ“iug fl¡i¡ s¡hp¡ cfp¡kp¡ Ap‘ kp¥“¡ k„QpgL$ d„X$m hsu Ap‘y Ry>„.

Ap‘Zu b¢L$“¡ hluhV$u dpN®v$i®“ s’p S>ê$fu kgpl kyQ“ Ap‘hp bv$g d¡.Æ‰p fÆõV²$pf îu, klL$pfu d„X$muAp¡, ApZ„v$, b¢L$“p L$p¡ÞL$fÞV$ Ap¡X$uV$f d¡. ‘u.X$u.‘fuM A¡ÞX$ L$py„, b¢L$“p õV¡$ÃeyV$fu Ap¡X$uV$f d¡. bu.ku. ‘V¡$g A¡ÞX$ L$py„, qfTh® b¢L$ Ap¡a CÞX$uep“p Ar^L$pfuAp¡ s¡dS> NyS>fps Ab®“ L$p¡.Ap¡‘.b¢L$ a¡X$f¡i“ sfa’u dm¡g klep¡N bv$g lpqv$®L$ Apcpf dp“y„ Ry>„. b¢L$“p kyQpê$ k„Qpg“dp„ dpfp kp’u bp¡X®$“p kæep¡ s’p lp¡v¹¡$v$pfp¡“p¡ lº„ M|bS> Apcpfu Ry>„. b¢L$“p v$¥r“L$ L$pdL$pS> bpbs¡ s’p âNrsiug N°plL$gnu k¡hpAp¡ Ap‘hp bv$g b¢L$“p kh® L$d®Qpfu rdÓp¡“p¡ Apcpf ìeL$s L$ê$ Ry>„.

Aph“pf hjp£ b¢L$“u âNrs dpV¡$ kp“yLy$m b“u fl¡, b¢L$ Ap‘Zp kdpS>, kcpkv$ rdÓp¡ s’p N°plL$p¡“u hOydp„ hOy k¡hp L$fu iL¡$, s¡ dpV¡$ ‘fdL©$‘pmy ‘fd¡ðf kp¥“¡ iqL$s Ap‘¡ s¡hu rh“d° âp’®“p kp’¡ rhfdy„ Ry„.

Ap‘“p¡ rhðpky,“rh“Q„Ö ku. ‘V¡$g

Q¡fd¡“

th44 Annual Report 2014-15th44 Annual Report 2014-15th44 Annual Report 2014-15 5

Being honest may not get you a lot of friends but it’ll always get you the right ones.





31-03-14 CAPITAL & LIABILITIES - c„X$p¡m s’p v$¡hy„ 31-03-15 31-03-15

Rs. Ps. Rs. Ps. Rs. Ps.

Share Capital - i¡fd|X$u

Authorised Share Capital - ArOL©$s i¡fd|X$u

25,00,000.00 1. (35000 Shares of Rs.100 each) - 35,00,000.00 (ê$p. 100 “p¡ A¡L$ A¡hp 35000 i¡f)

1,50,00,000.00 2. (200000 Linking Shares of Rs.100 each) - 2,00,00,000.00 (ê$p. 100 “p¡ A¡L$ A¡hp 200000 g]L$]N i¡f)

1,75,00,000.00 Total - kfhpmp¡ 2,35,00,000.00

Issued, Subscribed and Paid-up Share Capital -

cf‘pB ’e¡g i¡fd|X$u

18,65,700.00 1. Share Capital (19021 Shares of Rs.100 each) 19,02,100.00 (ê$p. 100 “p¡ A¡L$ A¡hp 19021 i¡f)

1,44,80,000.00 2. Share Linking (160481 Shares of Rs. 100 each) 1,60,48,100.00 (ê$p. 100 “p¡ A¡L$ A¡hp 160481 g]L$]N i¡f)

1,63,45,700.00 Total - kfhpmp¡ 1,79,50,200.00

Reserves & Funds - A“pdsp¡ A“¡ c„X$p¡m

4,95,12,652.65 Reserve Fund - A“pds a„X$ 5,80,28,097.99

1,17,29,428.10 Building Fund - rbëX$]N a„X$ 1,19,17,348.10

1,75,10,913.03 Bad Debts Fund - Mfpb A“¡ iL$d„v$ g¡Zp„ a„X$ 1,87,10,913.03

3,75,17,397.09 Special Bad Debts Fund - Mpk X|$bs g¡Zp„ a„X$ 3,85,17,397.09

24,00,000.00 Prov.for Stand. Assets - õV$pÞX$X®$ A¡k¡V¹$k“u Å¡NhpB 32,00,000.00

5,13,70,266.39 Investment Depreciation Reserve - fp¡L$pZ Okpfp A“pds 5,13,70,266.39

0.00 Investment Fluctuation Reserve - fp¡L$pZ hO^V$ A“pds 7,74,560.00

Other Funds - AÞe c„X$p¡m

13,19,482.31 Staff Welfare Fund - õV$pa h¡ga¡f a„X$ 13,50,802.31

10,91,717.23 Dividend Equilisation Fund - X$uhuX$ÞX$ B¼hugpBT¡i“ a„X$ 12,51,717.23

14,66,426.50 Dharmada Fund - Odp®v$p a„X$ 14,97,746.50

9,79,991.12 Sahkar Prachar Fund - klL$pf âQpf a„X$ 10,11,311.12

29,66,703.97 Share Holder Benifit Fund - kcpkv$ b¡“uauV$ a„X$ 31,54,623.97

25,34,264.56 Mahotsav Fund - dlp¡Ðkh a„X$ 36,98,068.23

30,69,706.34 Samakari Fund - kdL$pfu a„X$ 0.00

11,83,341.63 Prov. for Bal. held in APC Bank - APC b¢L$“u Å¡NhpB 0.00

2,000.49 Prov.for Bal Held in CNS Bank - CNS b¢L$“u Å¡NhpB 0.00

80,79,760.00 Prov. Held for MMCB Deposit - MMCB ’p‘Z“u Å¡NhpB 0.00

19,27,34,051.41 Total Reserves - Ly$g A“pdsp¡ 19,44,82,851.96

20,90,79,751.41 Total Carried Forward - kfhpmp¡ ApNm gB Nep 0.00 21,24,33,051.96

BALANCE SHEET AS ON 31-03-2015 - sp.31-3-2015“p fp¡S>“y„ kfh¥ey


God has a wonderful way of turning negatives into positives.





31-03-14 ASSETS - Aõ¼epdsp¡ 31-03-15 31-03-15


Cash on Hand - lp’ D‘f rkgL$ 63,77,314.15 Cash on Hand - lp’ D‘f rkgL$ 61,23,782.30 61,23,782.30

Balances with Banks - b¢L$p¡dp„ rkgL$

S.C.C.B. / D.C.C.B. - fpS>e / Æ‰p klL$pfu b¢L$

14,97,726.38 KDCC CUR A/C V.V.NAGAR - M¡.Æ.d.k. b¢L$, h.rh.“Nf 39,05,307.38

1,14,254.50 GSCB CUR A/C A'BAD - NyS>.fpS>.kl. b¢L$, Adv$phpv$ 52,91,085.59

Nationalised Bank - fpô²$ueL©$s b¢L$ 36,567.95 SBI CUR A/C V.U.NAGAR - õV¡$V$ b¢L$ Qpgy Mpspdp„, rh. ey. “Nf 36,567.95

9,05,753.65 UBI CUR A/C V.V.N. - eyr“e“ b¢L$ Qpgy Mpspdp„, h.rh.“Nf 11,83,883.93

49,24,979.68 BOB CUR A/C V.V.N. - b¢L$ Ap¡a bfp¡X$p Qpgy Mpspdp„, h.rh.“Nf 43,19,451.68

61,32,973.50 OBC CUR A/C V.V.N. - Ap¡fuA¡ÞV$g b¢L$ Qpgy Mpspdp„, h.rh.“Nf 34,57,958.50

68,18,969.33 UBI CURR A/C Anand - eyr“e“ b¢L$ Qpgy Mpspdp„, ApZ„v$ 60,08,722.01

62,64,516.86 IDBI Bank CUR A/C. - IDBI b¢L$ Qpgy Mpspdp„, h.rh.“Nf 1,73,52,948.82

4,54,730.96 IDBI FDOD A/C - IDBI b¢L$ Ap¡hfX²$paV$ Mpspdp„, h.rh.“Nf 0.00

2,402.75 U.B.I. FDOD A/C. V.V.NAGAR - U.B.I. Ap¡hfX²$paV$ Mpspdp„ 0.00

2,970.00 U.B.I. FDOD A/C. Anand - U.B.I. Ap¡hfX²$paV$ Mpspdp„, ApZ„v$ 0.00

2,71,55,845.56 Total - kfhpmp¡ 4,15,55,925.86

Private Banks - Mp“Nu b¢L$p¡ 3,22,379.17 AXIS BANK CUR A/C - A¡L$kuk b¢L$ Qpgy Mpspdp„, h.rh.“Nf 4,10,313.12

64,19,780.37 ICICI BANK CUR A/C - ICICI b¢L$ Qpgy Mpspdp„, h.rh.“Nf 2,30,849.27

1,63,032.12 HDFC CUR A/C E.Payment - HDFC b¢L$ B-‘¡d¡ÞV$ Mpspdp„ 2,04,683.71

3,39,835.33 HDFC CUR A/C Baroda - HDFC b¢L$ Qpgy Mpspdp„, hX$p¡v$fp 2,24,255.84

23,14,552.97 HDFC CUR A/C Anand - HDFC b¢L$ Qpgy Mpspdp„, ApZ„v$ 42,103.57

2,08,466.64 HDFC CUR A/C Mumbai - HDFC b¢L$ Qpgy Mpspdp„, dy„bB 2,36,948.25

10,000.00 HDFC CTS-ACH A/C Anand - HDFC b¢L$ CTS-ACH Mpspdp„, dy„bB 2,00,880.67

97,78,046.60 Total - kfhpmp¡ 15,50,034.43

Other Co-op. Banks - AÞe klL$pfu b¢L$p¡ 11,83,341.63 The Anand Peoples Co-op Bank - Ou ApZ„v$ ‘u‘ëk L$p¡-Ap¡‘ b¢L$ 0.00

1,000.49 CNSB CUR A/C V.V.N. - Qfp¡sf “pN.kl. b¢L$, h‰c rhÛp“Nf 0.00

1,000.00 CNSB CUR A/C A'BAD - Qfp¡sf “pN.kl. b¢L$, Adv$phpv$ 0.00

11,85,342.12 Total - kfhpmp¡ 0.00

3,00,00,000.00 MONEY AT CALL AND SHORT NOTICE - Vy„$L$u dyv$s A“¡ L$p¡g Mps¡

INVESTMENT IN SHARES - i¡fp¡dp„ fp¡L$pZ CO-OPERATIVE BANKS - klL$pfu b¢L$p¡ 25,000.00 KDCC Bank Ltd. - M¡X$p Æ‰p d.k.b¢L$ gu 25,000.00

5,000.00 GSC Bank Ltd. - Ahmedabad - NyS>.fpS>.kl. b¢L$ gu 5,000.00

30,000.00 Total - kfhpmp¡ 30,000.00

SLR Investments - A¡kA¡gApf fp¡L$pZp¡ Held To Maturity - ‘pL$su dyv$s dpV¡$ fpM¡g 7,65,53,962.08 G.O.I. 06.25%2018 - Æ.Ap¡.ApB. 06.25% 2018 0.00

6,58,59,075.36 G.O.I. 06.01% 2028 - Æ.Ap¡.ApB.06.01% 2028 6,57,99,084.06

2,19,07,198.19 G.O.I. 07.40% 2035 - Æ.Ap¡.ApB. 07.40% 2035 2,18,18,325.95

7,45,26,548.43 Total Carried Forward - kfhpmp¡ ApNm gB Nep 8,76,17,410.01 4,92,59,742.59



Happiness is not based on your circumstances, but on a decision you make.







Successful people are not gifted; they just work hard, then succeed on purpose.




Deposits - ’p‘Zp¡ Current Deposit - Qpgy ’p‘Z 5,64,62,544.42 Individuals - ìeqL$sAp¡ / AÞe 6,20,82,505.70

86,55,916.71 Other Societies - klL$pfu k„õ’pAp¡ 78,93,267.18

6,51,18,461.13 Total - kfhpmp¡ 6,99,75,772.88

Savings Deposit - bQs ’p‘Z 20,87,60,449.75 Individuals - ìeqL$sAp¡ / AÞe 23,33,13,489.19

0.00 Other Societies - klL$pfu k„õ’pAp¡ 0.00

20,87,60,449.75 Total - kfhpmp¡ 23,33,13,489.19

Fixed Deposit - dyv$su ’p‘Z 69,20,84,746.32 Individuals - ìeqL$sAp¡ / AÞe 86,16,57,940.10

4,54,93,847.68 Other Societies - klL$pfu k„õ’pAp¡ 5,56,82,568.90

73,75,78,594.00 Total - kfhpmp¡ 91,73,40,509.00

1,01,14,57,504.88 Total Deposits- Ly$g ’p‘Zp¡ 1,22,06,29,771.07

Borrowings - L$fS> 0.00 Reserve Bank of India - fuTh® b¢L$ Ap¡a BÞX$uep 0.00

0.00 Other Banks - AÞe b¢L$p¡ 0.00

0.00 Other Institutions & Agencies - AÞe k„õ’pAp¡ A“¡ A¡S>ÞkuAp¡ 0.00

0.00 0.00

9,64,941.46 Bills for Collection - buëk ap¡f L$g¡L$i“ 4,04,835.00

0.00 Inter-Office Adjustments (Net) - BÞV$f-Ap¡auk A¡S>õV$d¡ÞV¹$k (“¡V$) 0.00

12,30,71,765.64 Overdue Interest Reserve - dyv$suhusu ìepS> A“pds 12,23,42,369.64

Other Liabilities - AÞe S>hpbv$pfuAp¡ 4,41,841.00 Unpaid Dividend - “l] QyL$hpe¡g X$uhuX$ÞX$ 3,87,469.00

3,82,399.00 Unpaid Gratuity - “l] QyL$hpe¡g N°¡S>eyBV$u 3,82,399.00

2,61,873.00 Leave Salary Payable - QyL$hhp‘pÓ fÅ ‘Npf 11,30,000.00

16,91,743.00 Interest Payable On Deposits - ’p‘Z“y„ QyL$hhp‘pÓ ìepS> 17,08,629.00

38,00,000.00 Int.pay.on Overdue FDR - dyv$shusu ’p‘Z“y„ QyL$hhp‘pÓ ìepS> 46,00,000.00

70,140.00 Suspence Account - kõ‘¡Þk Mpsy 63,495.00

52,587.09 Pay Order Issued - ‘¡ Ap¡X®$f BõeyX$ 3,92,892.68

40,99,653.00 Miscellenious Creditors - ‘fQyfZ v$¡hp 27,46,513.00

94,90,000.00 Earnest Money - A“£õV$ d“u 24,15,000.00

12,354.00 T.D.S. Deduction - V$uX$uA¡k L$‘ps 0.00

2,03,02,590.09 Total - kfhpmp¡ 1,38,26,397.68






31-03-14 ASSETS - Aõ¼epdsp¡ 31-03-15 31-03-15



Available for Sale - h¡QpZ dpV¡$ fpM¡g 4,57,72,567.07 G.O.I. 06.30% 2023 - Æ.Ap¡.ApB. 06.30% 2023 4,57,72,567.07

3,11,88,252.98 G.O.I. 08.20% 2022 - Æ.Ap¡.ApB. 08.20% 2022 3,11,88,252.98

3,16,51,064.18 G.O.I. 07.95% 2032 - Æ.Ap¡.ApB. 07.95% 2032 3,16,51,064.18

9,37,48,861.36 G.O.I. 08.33% 2036 - Æ.Ap¡.ApB. 08.33% 2036 9,37,48,861.36

3,92,60,053.96 G.O.I. 06.83% 2039 - Æ.Ap¡.ApB. 06.83% 2039 3,92,60,053.96

Held For Trading - g¡-h¡Q dpV¡$ fpM¡g 2,95,80,000.00 G.O.I. 07.28% 2019 - Æ.Ap¡.ApB. 07.28% 2019 2,95,80,000.00

1,00,01,000.00 GJ.S.D.L. 09.65% 2023 - Æ.A¡k.X$u.A¡g. 09.65% 2023 1,00,01,000.00

0.00 GJ.S.D.L. 08.05% 2025 - Æ.A¡k.X$u.A¡g. 08.05% 2025 3,00,27,000.00

44,55,22,035.18 Total SLR Investments- Ly$g A¡k.A¡g.Apf. fp¡L$pZp¡ 39,88,46,209.56

Fixed Deposits With Banks - b¢L$p¡ ‘pk¡ bp„Ou dyv$s ’p‘Zp¡ Private & Co-op. Banks - Mp“Nu s’p klL$pfu b¢L$p¡ 80,79,760.00 MMCB Bank - dpOh‘yfp b¢L$ 0.00

2,50,00,000.00 ICICI Bank - ApBkuApBkuApB b¢L$ 3,50,00,000.00

4,00,00,000.00 HDFC Bank - A¡QX$uA¡aku b¢L$ 4,00,00,000.00

1,00,00,000.00 YES Bank - ek b¢L$ 0.00

1,00,00,000.00 Federal Bank - a¡X$fg b¢L$ 4,00,00,000.00

7,50,00,000.00 Guj State Co-op Bank - NyS>.fpS>.kl. b¢L$ gu. 7,50,00,000.00

0.00 K. D. C. C. - M¡X$p Æ‰p d.k.b¢L$ gu. 5,50,00,000.00

0.00 DCB Bank - X$ukubu b¢L$ 1,00,00,000.00

Nationalised Banks - fpô²$ueL©$s b¢L$p¡ 25,00,000.00 Oriental Bank of Commerce - Ap¡fuA¡ÞV$g b¢L$ Ap¡a L$p¡dk® 25,00,000.00

30,00,000.00 UBI Bank - V.V.Nagar - eyr“e“ b¢L$ - h‰c rhÛp“Nf 30,00,000.00

2,25,00,000.00 UBI Bank - Anand (CLG) - eyr“e“ b¢L$ - ApZ„v$ 1,25,00,000.00

99,00,000.00 IDBI Bank - ApBX$ubuApB b¢L$ 1,00,00,000.00

20,59,79,760.00 Total Bank Deposits- Ly$g b¢L$ ’p‘Zp¡¡ 28,30,00,000.00

Non SLR Investments - “p¡“-A¡kA¡gApf fp¡L$pZp¡ 3,56,48,250.00 PFC 0% DDB 2022 - ‘phf apB“pÞk bp¡ÞX$ 3,56,48,250.00

2,000.00 S.R.O. Deposit - A¡k.Apf.Ap¡. X$u‘p¡TuV$ 2,000.00

3,56,50,250.00 Total - kfhpmp¡ 3,56,50,250.00

Loans and Advances - gp¡“ A“¡ rOfpZp¡ Short Term Loans and Adv. - Vy„$L$u dyv$s “u gp¡“ s’p r^fpZp¡ 12,10,25,205.56 Secured - õ’phf / S>„Nd rdëL$s“p spfZ kpd¡ 18,46,57,612.09

62,19,629.34 Unsecured - spfZ rkhpe 36,44,420.40

Total - kfhpmp¡ 18,83,02,032.49

Med. Term Loans And Adv. - dÂed dyv$s “u gp¡“ s’p r^fpZp¡ 28,65,03,218.98 Secured - õ’phf / S>„Nd rdëL$s“p spfZ kpd¡ 39,81,03,324.18

0.00 Unsecured - spfZ rkhpe 0.00

Total - kfhpmp¡ 39,81,03,324.18




Every day do something that will inch you closer to a better tomorrow.





îu “rh“Q„Ö ku. ‘V¡$gQ¡fd¡“

îu qL$fZcpB A¡d. ‘V¡$g (CA)hpBk Q¡fd¡“

îu dyLy$Þv$ A¡“. ‘V¡$g (CA)X$uf¡¼V$f

îu S>Nv$uiQ„Ö ku. ‘V¡$gX$uf¡¼V$f

bu.ku. ‘V¡$g A¡ÞX$ L$py„QpV®$X®$ A¡L$pDÞV$ÞV¹$k

‘¡“g “„bf 489, ApZ„v$

îu Aip¡L$cpB Æ. ‘V¡$gX$uf¡¼V$f

îu cuMycpB bu. ‘V¡$gX$uf¡¼V$f

îu cyfpcpB hu. ApefX$uf¡¼V$f

îu r“L¡$icpB Apf. ‘V¡$gd¡“¡Æ„N X$uf¡¼V$f

îu Ar“gcpB A¡. ‘V¡$gÅ¡. d¡“¡Æ„N X$uf¡¼V$f

îu l„kgpg bu. ‘V¡$gX$uf¡¼V$f

îu dyL¡$icpB Apf. ‘V¡$gX$uf¡¼V$f

îu L$dg¡i A¡d. ‘V¡$gd¡“¡S>f

Date : 22-4-2015Place : Vallabh Vidyanagar



The ultimate source of a happy life is the attention we pay to our inner values. ~ Dalai Lama




39,83,783.85 Staff Provident Fund - õV$pa âp¡huX$ÞV$ a„X$ 21,77,509.85

80,00,000.00 Balance In Profit And Loss Account - “ap “yL$kp“ Mpsp“u bpL$u 85,00,000.00

1,37,68,60,337.33 Grand Total - L$y$g kfhpmp¡ 1,58,03,13,935.20

Contingent Liabilities - ApL$[õdL$ / k„cqhs S>hpbv$pfuAp¡

11,04,318.00 Cust. Liab. For Gurantee Issue - N¡f„V$u dpV¡$ N°plL$p¡“u S>hpbv$pfu 16,08,894.00

0.00 Liability For Deaf - 2014 - ApfbuApB X$uBA¡A¡a - 2014 57,04,270.25

11,04,318.00 Total - kfhpmp¡ 73,13,164.25

1,37,79,64,655.33 Grand Total - L$y$g kfhpmp¡ 1,58,76,27,099.45

10






31-03-14 ASSETS - Aõ¼epdsp¡ 31-03-15 31-03-15



Long Term Loans and Advances - gp„bu dyv$s “u gp¡“ s’p rOfpZp¡ 4,88,44,952.34 Secured - õ’phf / S>„Nd rdëL$s“p spfZ kpd¡ 7,47,24,651.68

0.00 Unsecured - spfZ rkhpe 0.00

Total - kfhpmp¡ 7,47,24,651.68

46,25,93,006.22 Total Loans and Advances - Ly$g gp¡“ A“¡ rOfpZp¡ 66,11,30,008.35

(Of Which Overdue - s¡ ‘¥L$u dyv$srhsu Rs.1,85,25,437.19)

Other Assets - AÞe rdëL$sp¡ Fixed Assets - õ’phf rdëL$sp¡ 57,57,570.00 Land & Building - Bdpfs S>du“ krls 59,66,989.00

Other Fixed Assets - AÞe õ’phf rdëL$sp¡

2,63,161.00 Safe Deposit Vault - k¡a X$u‘p¡TuV$ hp¡ëV$ 2,23,687.00

26,12,505.55 Furniture & Fixtures (Dead Stock) - ar“®Qf A“¡ auL$kQk® 23,51,254.55

Stationery & Stamps - õV$¡$i“fu A“¡ õV¡$çàk 2,18,846.00 Stationery Stock - õV¡$i“fu õV$p¡L$ 1,61,320.00

1,57,191.00 Stock of Stamps for Sale - õV¡$ç‘ õV$p¡L$ 19,00,905.00

32,55,497.00 Other Assets - AÞe rdëL$sp¡ 51,63,116.00

Miscellenious - Assets - ‘fQyfZ rdëL$sp¡ 5,00,000.00 Deposit with Clearing Corp. of India - CCIL ‘pk¡ X$u‘p¡TuV$ 5,00,000.00

5,000.00 Locker Deposit KDCC Bank - gp¡L$f X$u‘p¡TuV$ - M¡.Æ.d.k. b¢L$ 5,000.00

6,40,000.00 IT Receivable AY-2011-12 - dmhp‘pÓ AphL$h¡fp¡ 2011-12 6,40,000.00

1,34,09,770.55 Total - kfhpmp¡ 1,69,12,271.55

9,64,941.46 Bills for Collection - buëk ap¡f L$g¡L$i“ 4,04,835.00

0.00 Inter-office Adjustments (Net) - BÞV$f Ap¡auk A¡X$S>õV$d¡ÞV¹$k (“¡V$) 0.00

Interest Receivable - dmhp‘pÓ ìepS>

12,30,71,765.64 Int. Receivable-Advances - rOfpZp¡ ‘f dmhp‘pÓ ìepS> 12,23,34,929.64

Int. Receivable-investments - fp¡L$pZp¡ ‘f dmhp‘pÓ ìepS>

65,90,481.00 a. Int. Receivable on G.O.I. - Æ.Ap¡.ApB. “y„ dmhp‘pÓ ìepS> 58,54,252.00

45,67,995.00 b. Int. Receivable on FDR - ’p‘Zp¡ ‘f dmhp‘pÓ ìepS> 46,28,878.00

13,42,30,241.64 Total - kfhpmp¡ 13,28,18,059.64

39,83,783.85 Staff Provident Fund - õV$pa âp¡rhXÞV$ a„X$ 21,77,509.85

1,37,68,60,337.33 Grand Total - Ly$g kfhpmp¡ 1,58,01,98,886.54

Contingent Liabilities - ApL$[õdL$ / k„cqhs S>hpbv$pfuAp¡ 11,04,318.00 Customer Liab. for Gurantee Issue - N¡f„V$u dpV¡$ N°plL$p¡“u S>hpbv$pfu 16,08,894.00

0.00 RBI DEAF - 2014 A/C. - ApfbuApB X$uBA¡A¡a - 2014 58,19,318.91

11,04,318.00 Total - kfhpmp¡ 74,28,212.91

1,37,79,64,655.33 Grand Total - Ly$g kfhpmp¡ 1,58,76,27,099.45


Don’t hate what you don’t understand.





31-03-14 EXPENSES - MQ® 31-03-15 31-03-15


6,63,51,938.02 Int. Paid Customer Deposit And Borrowing - ’p‘Zp¡ A“¡ L$fS> ‘f Q|L$h¡g ìepS> 8,21,86,557.46

1,14,768.60 Int. Paid on Borrowing - L$fS> ‘f QyL$h¡g ìepS> 52,925.00

0.00 Directors Fees and Expenses - X$uf¡L$V$f au A“¡ MQ® 0.00

16,39,319.00 Rent, Taxes, Lighting and Insurance - cpXy$, h¡fp, rhS>mu s’p hudp¡ 18,07,609.13

3,89,296.50 Printing, Stationery and Advertisement - râÞV$]N, õV¡$i“fu s’p Ål¡fps 4,80,387.00

53,05,559.00 Repairs, Maintenance and Depreciation - Okpfp¡ A“¡ dfpds 21,48,244.20

1,55,160.00 Auditor's Fees & Exp. - Ap¡X$uV$f au A“¡ MQ® 2,29,838.00

1,23,000.00 Legal Fee Expenditure - guNg au 3,93,170.00

3,30,324.09 Postage, Telegram & Telephone - V$‘pg s’p V¡$guap¡“ 2,94,982.00

1,24,27,505.00 Salary & Wages - L$d®Qpfu ‘Npf A“¡ Å¡NhpB 1,41,97,397.00

0.00 Deposit Written Off - dp„X$hpm L$f¡g ’p‘Zp¡ 92,65,102.12

0.00 Loss on Sale of Investments - fp¡L$pZp¡“p h¡QpZ’u ’e¡g Mp¡V$ 47,68,962.08

71,62,491.66 Other Expenditures - AÞe MQ® 52,41,723.61

Provisions - Å¡NhpBAp¡

17,99,980.50 Reserve Fund - fuTh® a„X$ 20,00,000.00

10,00,000.00 Special Bad Debts Fund - Mpk X|$bs g¡Zp„ a„X$ 10,00,000.00

0.00 Mahotsav Fund - dlp¡Ðkh a„X$ 11,01,163.67

0.00 Shareholder Benefit Fund - kcpkv$ b¡“uauV$ a„X$ 0.00

5,00,000.00 Investment Depriciation Fund - fp¡L$pZ Okpfp a„X$ 0.00

14,00,000.00 For Standard Assets - õV$pÞX$X®$ A¡k¡V¹$k dpV¡$ 8,00,000.00

40,51,602.00 Income Tax - AphL$ h¡fp¡ 20,39,398.00

87,51,582.50 Total - kfhpmp¡ 69,40,561.67

80,00,000.00 Balance Carried to Balance Sheet - kfh¥ep Mps¡ gB Nep 85,00,000.00

11,07,50,944.37 Grand Total - Ly$g kfhpmp¡ 13,65,07,459.27

PROFIT & LOSS AS ON 31-03-2015 - sp.31-3-2015“p fp¡S>“y„ “ap “yL$kp“ Mpsy

îu “rh“Q„Ö ku. ‘V¡$gQ¡fd¡“

îu qL$fZcpB A¡d. ‘V¡$g (CA)hpBk Q¡fd¡“

îu dyLy$Þv$ A¡“. ‘V¡$g (CA)X$uf¡¼V$f

îu S>Nv$uiQ„Ö ku. ‘V¡$gX$uf¡¼V$f

bu.ku. ‘V¡$g A¡ÞX$ L$py„QpV®$X®$ A¡L$pDÞV$ÞV¹$k

‘¡“g “„bf 489, ApZ„v$

îu Aip¡L$cpB Æ. ‘V¡$gX$uf¡¼V$f

îu cuMycpB bu. ‘V¡$gX$uf¡¼V$f

îu cyfpcpB hu. ApefX$uf¡¼V$f

îu r“L¡$icpB Apf. ‘V¡$gd¡“¡Æ„N X$uf¡¼V$f

îu Ar“gcpB A¡. ‘V¡$gÅ¡. d¡“¡Æ„N X$uf¡¼V$f

îu l„kgpg bu. ‘V¡$gX$uf¡¼V$f

îu dyL¡$icpB Apf. ‘V¡$gX$uf¡¼V$f

îu L$dg¡i A¡d. ‘V¡$gd¡“¡S>f


If we are together nothing is impossible. If we are divided all will fail. ~ Winston Churchil





31-03-14 INCOME - AphL$ 31-03-15 31-03-15


Interest Received - dm¡g ìepS>

6,02,86,891.77 Int. received Loans and Advances - qOfpZp¡ “y„ dm¡g ìepS> 7,13,99,083.88

20,92,752.27 Int. received on Fixed Deposits - ’p‘Zp¡“y„ dm¡g ìepS> 2,27,40,739.00

3,08,79,700.11 Int. received on Govt. Sec. - kfL$pfu Ådu“Nufu “y„ dm¡g ìepS> 3,04,23,769.42

1,61,13,870.32 Int. received on Call Money - L$p¡g d“u “y„ dm¡g ìepS> 18,00,870.27

10,93,73,214.47 Total - kfhpmp¡ 12,63,64,462.57

Commission, Exchange & Brokerage - L$rdi“, hV$ph A“¡ v$gpgu

1,98,112.11 Commission - L$rdi“ 1,52,269.13

1,48,766.00 Commission on Stamp Franking - õV¡$ç‘ ä¡ÞL$]N “y„ dm¡g L$rdi“ 2,13,158.00

3,46,878.11 Total - kfhpmp¡ 3,65,427.13

Profit on Sale of Inv./Assets - fp¡L$pZ / AõL$epds h¡QpZ ‘f“p¡ “ap¡ 7,74,560.33 Profit on Sale of Investment - fp¡L$pZ“p h¡QpZ “p¡ “ap¡ 2,76,048.00

4,853.00 Profit On Sale Of Assets - AõL$epds h¡QpZ “p¡ “ap¡ 0.00

Miscellaneous Income - ‘fQ|fZ AphL$ 145.00 Share Transfer Fee - i¡f V²$pÞkaf au 372.00

1,13,522.00 Locker Rent - gp¡L$f cpXy„$ 1,88,144.88

4,673.00 Miscellenious Income - ‘fQ|fZ AphL$ 38,871.00

3,750.00 Share Divi. -Guj. State Co-op. Bank - 3,750.00 i¡f X$uhuX$ÞX$ - NyS>.fpS>.kl. b¢L$ gu 1,29,348.46 A/c Maint. Charges - Mpsp ÅmhZu MQ® 5,281.57

0.00 Provision No Longer Required - Å¡NhpBAp¡“u fL$d - ‘fs 92,65,102.12

2,51,438.46 Total - kfhpmp¡ 95,01,521.57

11,07,50,944.37 Grand Total - Ly$g kfhpmp¡ 13,65,07,459.27

PROFIT & LOSS AS ON 31-03-2015 - sp.31-3-2015“p fp¡S>“y„ “ap “yL$kp“ Mpsy


You must be the change you wish to see in the world. ~ Mahatma Gandhi

’p‘Zv$pfp¡ dpV¡$ ANÐe“u Ål¡fpsb¢L$“p v$f¡L$ ’p‘Zv$pfp¡“¡ S>Zphhp“y„ L¡$ hj® 2015-16 dpV¡$ L¡$ÞÖ kfL$pf“p bS>¡V$dp„ Ål¡fps ’ep dyS>b spfuM 01/06/2015 ’u L$p¡B‘Z klL$pfu b¢L$“p ’p‘Zv$pfp¡ L¡$ S>¡Ap¡ kcpkv$ lp¡e L¡ “p lp¡e s¡Ap¡“u ìepS>“u AphL$ hprj®L$ ê$p. 10,000/- (A„L¡$ ê$r‘ep v$k lÅf ‘yfp) L¡ s¡’u h^y li¡ s¡ sdpd ’p‘Zv$pfp¡“p ìepS> dp„’u “uQ¡“u ifsp¡“¡ Ap^u“ TDS L$‘ps L$fhpdp„ Aphi¡. 1. ’p‘Zv$pf¡ ‘p“L$pX®$ Apàey„ li¡ sp¡ 10.00% “p v$f¡ TDS L$‘ps ’i¡, AÞe’p 20.00% “p v$f¡ TDS L$‘ps ’i¡. 2. S>¡ ’p‘Zv$pfp¡“u Ly$g hprj®L$ AphL$ L$fh¡fp ‘pÓ ’su “ lp¡e s¡hp ’p‘Zv$pfp¡A¡ TDS “l] L$p‘hp “u k|Q“p Ap‘hp dpV¡$ ap¡d® 15-Æ (S>¡“u Jdf

60 hj®’u Ap¡R>u R>¡) A’hp ap¡d® 15-A¡Q (S>¡“u Jdf 60 hj® L¡$ s¡’u h^y R>¡) ‘p“L$pX®$“u “L$g kp’¡ b¢L$dp„ kdekf fSy> L$fphhp“p fl¡i¡. 3. A¡kp¡iue¡i“ Ap¡a ‘k®Þk (AOP) / V²$õV$ / “p¡“ ‘°p¡auV$ Ap¡N£“pBT¡i“ / krh®k kp¡kpeV$u “u ìep¿epdp„ Aphsp ’p‘Zv$pfp¡ ap¡d® 15-Æ kp’¡

‘p“L$pX®$ Ap‘i¡ A’hp BÞL$dV¡$n Ap¡auk dp„’u TAX-EXEMPTION (h¡fp dpau) “y„ âdpZ‘Ó d¡mhu“¡ s¡“u “L$g fSy> L$fi¡ sp¡ ìepS>“u AphL$ ‘f TDS L$p‘hpdp„ “l] Aph¡.

4. S>¡ dyv$su ’p‘Zp¡ kNuf-dpB“p¡f“p “pd¡ lp¡e A“¡ s¡hu ’p‘Zp¡“p ìepS> ‘f TDS L$p‘hp“p¡ ’sp¡ lp¡e sp¡ s¡hp k„Å¡Np¡dp„ kNuf“p hpgu (r‘sp A’hp dpsp) “y„ ‘p“L$pX®$ fSy> L$fhy„ ‘X$i¡ sp¡ 10% “p v$f¡ TDS L‘ps ’i¡, AÞe’p 20% “p v$f¡ TDS L$‘ps ’i¡. kNuf“p hpguAp¡ (r‘sp/dpsp) “u AphL$ Å¡ L$f‘pÓ (TAXABLE) “p ’su lp¡e sp¡ s¡Ap¡ TDS L$‘ps “l] L$fhp dpV¡$ ap¡d® 15-Æ Ap‘u iL$i¡.






Prayer should be the Key in the Morning, And The Lock at night.

‘qfriô$‘¡V$p r“ed “„.5 dp„ kyrQs a¡fapf ky^pfp h^pfp krls

lpg“p¡ ‘¡V$p r“ed

L$pe®n¡ÓAp b¢L$“y„ L$pe®n¡Ó ApZ„v$ Æ‰p¡ fl¡i¡ A“¡ s¡dp„ L$p¡B‘Z a¡fapf L$fhp“p¡ li¡ sp¡ d¡. Æ‰p fÆõV²$pfîu“u g¡rMs ‘|h® d„S|>fu’u ’B iL$i¡.

kcpkv$ ‘Ï„S>¡ L$p¡B ìeqL$s ApZ„v$ Æ‰p“u flui li¡ ep Ðep„ hkhpV$ L$fsu li¡ s’p S>¡“u Jdf Ap¡R>pdp„ Ap¡R>u 18 hj®“u li¡ A“¡ S>¡ L$fpf L$fhp“¡ L$pev$¡kf gpeL$ NZpsu li¡ s¡ A’hp ‘¡Y$u rgduV¡$X$ L„$‘“u A’hp V²$õV$

b¡„L$“u kcpAp¡, hprj®L$ kp^pfZ kcp A“¡ Mpk kp^pfZ kcp A¡hp b¡ âL$pf“u li¡, hprj®L$ kp^pfZ kcp v$f hj£ Sy>“ dpk“u ApMf kyûdp„ bp¡gphhpdp„ Aphi¡, A“¡ Mpk kp^pfZ kcp ‘¡V$p r“ed 23dp„ S>Zpìep âdpZ¡ bp¡gphhpdp„ Aphi¡.

X$uf¡L$V$fp¡“y„ bp¡X®$ b¢L$“p¡ hluhV$ kcpkv$p¡dp„’u Q|„V$pe¡gp A¡hp 11 (ArNepf) X$uf¡L$V$fp¡“y„ b“¡gy„ bp¡X®$ L$fi¡, A“¡ bp¡X®$“p X$uf¡L$V$fp¡“y„ Q|„V$Zu v$f ÓZ hj®¡ 11 (ArNepf) X$uf¡L$V$fp¡ ‘p¡sp“p lp¡v¹$p R>p¡X$i¡. s¡Ap¡ afu’u Q|„V$php“¡ gpeL$ fl¡i¡. X$uf¡L$V$fp¡“u bp¡X®$“p AX$Op L$fsp„ h^pf¡ kcpkv$p¡“y„ L$p¡fd ’i¡. X$uf¡L$V$f“y„ bp¡X®$ ‘p¡sp“pdp„’u Q¡fd¡“, hpBk Q¡fd¡“ s’p d¡“¡Æ„N X$uf¡L$V$f s’p Å¡BÞV$ d¡“¡Æ„N X$uf¡L$V$f“u r“dÏ„L$ L$fi¡. Å¡BÞV$ d¡“¡Æ„N X$uf¡L$V$f“u kÑp A“¡ afÅ¡ d¡“¡Æ„N X$uf¡L$V$f S>¡V$gu S> fl¡i¡ A“¡ ‘¡V$p L$duV$u fQu iL$i¡.

L$gd 66(A) dyS>b apmhZu ¼ep® bpv$ bpL$u fl¡g “ap“u apmhZu “uQ¡ âdpZ¡ L$fhpdp„ Aphi¡. 1. klL$pf a¡gphhp dpV¡$ bpL$u “ap“p 5% L$pY$hpdp„ Aphi¡. 2. b¢L$“p dL$p“ bp„^hp dpV¡$ bpL$u “ap“p 30% rbëX$]N a„X$ dpV¡$ L$pY$hpdp„ Aphi¡. 3. ^dp®v$p a„X$ bpL$u “ap“p 5% L$pY$hpdp„ Aphi¡. 4. fv$ L$fhpdp„ Aph¡ R>¡. 5. õV$pa h¡ëa¡f a„X$ bpL$u “ap“p 5% L$pY$hpdp„ Aphi¡. 6. kcpkv$ b¡“uauV$ a„X$ bpL$u “ap“p 30% L$pY$hpdp„ Aphi¡. 7. dlp¡Ðkh a„X$ “ap“p 10% L$pY$hpdp„ Aphi¡. 8. il¡fu b¢L$ ipM kdL$pfu a„X$ dpV¡$ bpL$u “ap“p 15% L$pY$hpdp„ Aphi¡.

k|rQs ‘¡V$p r“ed

L$pe®n¡ÓAp b¢L$“y„ L$pe®n¡Ó ApZ„v$ Æ‰p¡ s’p M¡X$p Æ‰p¡ fl¡i¡ A“¡ s¡dp„ L$p¡B‘Z a¡fapf L$fhp“p¡ li¡ sp¡ d¡. Æ‰p fÆõV²$pfîu“u g¡rMs ‘|h® d„S|>fu’u ’B iL$i¡.

kcpkv$ ‘Ï„S>¡ L$p¡B ìeqL$s ApZ„v$ Æ‰p“u A’hp M¡X$p Æ‰p“u flui li¡ ep Ðep„ hkhpV$ L$fsu li¡ s’p S>¡“u Jdf Ap¡R>pdp„ Ap¡R>u 18 hj®“u li¡ A“¡ S>¡ L$fpf L$fhp“¡ L$pev$¡kf gpeL$ NZpsu li¡ s¡ A’hp ‘¡Y$u rgduV¡$X$ L„$‘“u A’hp V²$õV$

b¢L$“u kcpAp¡, hprj®L$ kp^pfZ kcp A“¡ Mpk kp^pfZ kcp A¡hp b¡ âL$pf“u li¡, hprj®L$ kp^pfZ kcp v$f hj£ kàV¡$çbf dpk“u ApMf kyûdp„ bp¡gphhpdp„ Aphi¡, A“¡ Mpk kp^pfZ kcp ‘¡V$p r“ed 23dp„ S>Zpìep âdpZ¡ bp¡gphhpdp„ Aphi¡.

X$uf¡L$V$fp¡“y„ bp¡X®$b¢L$“p¡ hluhV$ kcpkv$p¡dp„’u Q|„V$pe¡gp A¡hp h^ydp„ h^y 13 (s¡f) X$uf¡L$V$fp¡“y„ b“¡gy bp¡X®$ L$fi¡, A“¡ bp¡X®$“p X$uf¡L$V$fp¡“u Q|„V$Zu v$f ‘p„Q hj£ ’i¡ S>¡dp„ b^pS> X$uf¡L$V$fp¡ ‘p¡sp“p¡ lp¡v¹$p¡ R>p¡X$i¡. Aphp X$uf¡L$V$fp¡ afu’u Q|„V$php“¡ gpeL$ fl¡i¡. X$uf¡L$V$fp¡“p bp¡X®$“p AX$^p L$fsp„ h^pf¡ kæep¡“y„ L$p¡fd NZpi¡. X$uf¡L$V$fp¡“y„ bp¡X®$ ‘p¡sp“p dp„’u Q¡fd¡“, hpBk Q¡fd¡“, d¡“¡Æ„N X$uf¡L$V$f s’p Å¡BÞV$ d¡“¡Æ„N X$uf¡L$V$f“u r“dÏ„L$ L$fi¡. Å¡BÞV$ d¡“¡Æ„N X$uf¡L$V$f“u kÑp A“¡ afÅ¡ d¡“¡Æ„N X$uf¡L$V$f S>¡V$guS> fl¡i¡ A“¡ ‘¡V$p L$rdV$uAp¡ fQu iL$i¡.Q|„V$pe¡gp X$uf¡L$V$fp¡“p bp¡X®$“u dyv$s Q|„V$Zu spfuM’u ‘p„Q hj® kyû“u fl¡i¡. Aphp bp¡X®$“u dyv$s ‘|fu ’sp„ ‘l¡gp„ Q|„V$Zu âq¾$ep ‘|Z® L$fhp“u fl¡i¡. Q|„V$pe¡gp bp¡X®$“p kæep¡ ‘¥L$u lp¡v¹¡$v$pf sfuL$¡ r“dZ|„L$ ‘pd¡g X$uf¡L$V$fp¡“p lp¡v¹¡$p“u dyv$s AY$u hj®“u b¡ V$d® A¡V$g¡ L¡$ Ly$g ‘p„Q hj®“u fl¡i¡. Ðepfbpv$ Aphp lp¡v¹¡$v$pfp¡ Ap¡R>pdp„ Ap¡R>p ‘p„Q hj® kyû afu’u lp¡v¹$p¡ ^pfZ L$fu iL$i¡ “l].

L$gd 66(A) dyS>b apmhZu ¼ep® bpv$ bpL$u fl¡g “ap“u apmhZu “uQ¡ âdpZ¡ L$fhpdp„ Aphi¡. 1. klL$pf âQpf dpV¡$ bpL$u “ap“p 5% L$pY$hpdp„ Aphi¡. 2. b¢L$“p dL$p“ bp„^hp dpV¡$ bpL$u “ap“p 40% rbëX$]N a„X$ dpV¡$ L$pY$hpdp„ Aphi¡. 3. ̂ dp®v$p a„X$ ‘¡V¡$ bpL$u “ap“p 5% L$pY$hpdp„ Aphi¡. 4. õV$pa h¡ëa¡f a„X$ ‘¡V¡$ bpL$u “ap“p 5% L$pY$hpdp„ Aphi¡. 5. kcpkv$ b¡“uauV$ a„X$ ‘¡V¡$ bpL$u “ap“p 30% L$pY$hpdp„ Aphi¡. 6. dlp¡Ðkh a„X$ bpL$u “ap“p 15% L$pY$hpdp„ Aphi¡. 7. (fv$ L$fhy„)

“p¢^ : D‘f“p a¡fapfp¡ d„Sy>f ’ep bpv$ L$gd 66(A)dp„ Ly$g Å¡NhpC“u k„¿ep 6(R>) fl¡i¡.

ky^pfp“y„ L$pfZ

b¢L$“u ipMpAp¡ h^pfu “hp r^fpZp¡ A“¡ ’p‘Zp¡“p¡ ìep‘ h^pfhp dpV¡$ A“¡ b¢L$“u ipMpAp¡ Üpfp Adyëe k¡hpAp¡ h^y“¡ h^y N°plL$p¡ kyOu ‘lp¢QpX$hp dpV¡$.

‘¡V$p r“ed “„bf 8 dp„ ky^pfp¡ ’hp’u.

klL$pfu L$pev$pdp„ ’e¡g a¡fapf“¡ L$pfZ¡

klL$pfu L$pev$pdp„ ’e¡g a¡fapf“¡ L$pfZ¡

klL$pfu L$pev$p“u L$gd 115(Æ) “pbyv$ ’hp’u

‘¡V$p r“ed “„bf

8

8 (A)

21

31

66 (b)

‘¡V$p r“ed “„bf

8

8 (A)

21

31

66 (b)






It’s easy to quit, it takes faith to go through.

SIGNIFICANT ACCOUNTING POLICIES & NOTES ON ACCOUNTS

1. ACCOUNTING POLICIES :

A) Revenue Recognition:

I. Interest income from advances, other commission and service charges are recognized on an accrual basis except the locker rent and the interest on N.P.A., which are recognized on receipt basis in accordance with the prudential norms prescribed by RBI.

II. Bank guarantee commission and dividend are recognized as income on receipt basis.

III. Profit / Loss on sale of investments "Available for sale & Held for Trading" is recognized at the time of disposal of particular class of securities.

B) Expenses Debited:

I. Bank has consistently and regularly provided interest on Term Deposits matured but not claimed as at the end of the year on adhoc rate at minimum 4% per annum.

II. Few expenses like insurance expenses and internet expense are consistently debited on payment basis.

C) Fixed Assets:

I. Fixed assets are stated at cost of acquisition less depreciation.

II. Addition to fixed assets and expenses for renovation is booked to capital expenses and revenue expenses respectively on the basis of bill raised by the architect.

D) Depreciation:

I. Depreciation is taken on W.D.V. of the assets and depreciation on such assets has been calculated at the rate applicable under the Income Tax Act.

E) Advances:

I. Advances are classified into performing assets and non-performing assets and provision is made as per RBl guidelines and is more than the requirement.

II. Advances are stated at gross value while provision for Performing & Non-Performing Assets are made as per the RBl guidelines and are shown under the head " Reserves and Other funds".

F) Investment:

a) Government Securities

I. Investment in GOI bond "Held to Maturity" category are stated at purchase price. Premium paid if any on acquisition over face value is amortised on a straight line basis over the remaining period of maturity.

II. Investment classified as "Available for sale " and "Held for trading" are marked to market. The market value for the purpose of periodical valuation of quoted investment is market value as available from trade quotations of FIMDA.

Appreciation in value of investment, if any is ignored and the decline in valuation is adjusted with investment depreciation reserve. The sale proceeds of such investment are directly credited to such investment.

III. The investment in PFC bonds is a Non- SLR investment and the valuation should be marked to market. We have been explained that the bank has done excess provision for depreciation in the value of investments and hence further provision for diminution in the value of the PFC bonds has not been done.

b) Other Investment

Equity shares held of other co-operative banks are stated at cost.

G) Employee Benefits:

I. Bank has received contribution from its employees towards provident Fund and has also contributed equal amount to superannuation trust, which is charged to Profit & Loss A/c as an expenses. The trust funds are managed by LIC.

II. Bank has contributed towards Gratuity Fund administered by the LIC of India on the basis of premium determined by LIC.

III. Provision for the leave encashment benefit has been made and the said amount will be deposited to the LIC of India for its administration.






Goodness is the only investment that never fails. ~ Henry David Thoreau

H) Taxation:

I. Current tax payable for the year is provided as determined by bank under the advice of tax consultant.

II. Necessary adjustment for provision for Income tax shown as expenses and receipt of income tax refund will be made at the time of filling of Income Tax return for the A.Y. 2015-16.

I) Segment Reports:

I. Bank has considered investment and lending activity as a single segment and is operating as a single segment and is operating from one location.

II. Provision made for Bad Debts Reserve of Rs. 10,00,OOO/-provision for other funds Rs.11,01,163.67. Provision for Standard assets Rs. 8,00,000/- and Statutory Reserve Rs. 20.00.000/- are subject to the approval of Annual General Meeting.

J) Related Party Disclosures as per As 18 issued by ICAI :

I. The key management personnel consists of the directors of the bank.

II. Overdraft facility amounting to Rs. 56,154.21 is allowed against the bank's FDRs to directors and their relatives which is as per guidelines of RBI.

2. NOTES ON ACCOUNTS:

A. The bank is registered under the Gujarat State Co-operative Societies Act, 1961.

B. In past, bank has framed a policy for the benefit of members family. As per the scheme, an amount of Rs.10, 0007- is being paid to the family member of each decreased member totaling Rs.5,60,000/- is charged to Profit & Loss A/c.

C. Acceptances , Endorsements and other obligations are disclosed as Contingent Liabilities at the face value of the commitments undertaken.

D. Previous year's figures have been regrouped/ rearranged to the extent necessary to confirm to this year's classification and balances of deposits and advances are subject to confirmation.

E. In the case of recovery under compromise, settlement of NPA Accounts. The bank management has made recovery on case to case basis keeping into consideration capability of the borrower, availabilities of security, etc.

F. The bank does not pay any remuneration to any of its directors in terms of Reserve Bank of India's circular dated29/03/2003.

G. The bank has written off Rs. 92,65,102.12 on account of deposit made with Madhupura Mer. Co. Operative Ltd. Ahmedabad Rs.80,79,760/-. and Anand Peoples Co. Operative Bank Ltd. Anand Rs.11,83,341.63 and current account balance with CNSB Ltd. Anand Rs. 1000.49 and CNSB Ltd. Ahmedabad Rs.1000.00/- in Profit & Loss A/c duly approved by Registrar of Co. Operative Society-Gandhinagar during the year ending on 31/03/2015. The bank has written back earlier year provision which is no longer required.

H. The bank has transferred Samkari Fund of Rs. 31,63,666.34 to reserve fund upon discontinuation of maintenance of Samkari fund as per provision of Co. Operative Society Act, u/s 115(6). The net effect of transfer is in net worth amount and its ratio.

I. Insurance premium on deposits has been paid Rs. 6,89,550/- on insurable amount Rs. 1,22,73,94,787.75 to DICGC up to 30/09/2015 on 07/04/2015.

J. No penalty is imposed by RBI during the year for violation of any law.

K. Contingent liability:

I. Bank guarantee of Rs. 16,08,894/- (Against 100% Margin).

II. DEAF – Depositor Education Awareness Fund scheme

L. The Bank has followed guidelines under Depositor Education Awareness Fund (DEAF) scheme. Accordingly bank has transferred amount Rs. 58,19,318.91 till March, 2015 to RBI Bombay.

The bank has paid claim to depositors as and when claimed and claim of same amount is made to RBI is to be received.

M. Movement in N.P.A. :

Particulars No. of A/cs. Amount (Rs. in Lacs.)

NPA as on 01-04-2014 216 208.07

Addition during the Year 1 1.61

Deduction during the Year 37 40.93

NPA as on 31-03-2015 180 168.75

The above NPA as on 31-03-2015 is Gross NPA. The Net NPA is NIL.





O. The records of the bank pertaining to requirement of prescribed disclosure as follows 1. The present capital to Risk Weight Asset Ratio (CRAR) is 14.65% as compared to previous year 17.03% 2. Investment : The Present investment book value is Rs. 3988.46 Lacs of which market value is Rs. 3677.26 Lacs. The Non SLR investment as follows :

No. Issuer Amount Extent of "Below Investment Extent of "Unrated" Extent of "Unlisted" (Rs. In Lacs) Grade" Securities Securities Securities

(1) (2) (3) (4) (5) (6)

1 PSUs 356.48

2 FIs --

3 Public Sector Banks --

4 Mutual Funds --

5 Others --

6 Provision held -- Towards Depreciation

3. Advances : Non performing Non-SLR investment is NIL. The bank has made advances against real estate is Rs. 17.29 Crores. There is Gross NPAs of

Rs. 168.75 Lacs.

4. The bank has performed in term ratio as follows : a) Interest income as a percentage of working funds – 8.68% b) Non-interest income as a percentage of working funds – 0.70% c) Operating profit as a percentage of working finds – 1.70% d) Return on Assets – 0.58% e) Business (Deposits + Advances) per employee – 672.05 lacs f) Profit per employee – 3.04 lacs

5. The provision towards NPA advances Rs. 22.00 lacs, depreciation in investment NIL and towards standed assets is Rs. 8.00 lacs during the current year. The average cost of deposit is 7.23%. There is no restructured account in the advances.

(Rs. In lacs)

Particulars 31/03/2014 31/03/2015 Change

Towards NPA 550.28 572.28 22.00

Towards Deprecation on Investment 513.70 513.70 0.00

Towards Standard Assets 24.00 32.00 8.00

6. There is no penalty imposed by RBI. 7. The bank provides depreciation on fixed assets. None of the assets are revalued during the year.

Place : Anand B.C. Patel & Co.Date : 24/04/2015 Chartered Accountants Membership No 032231 Panel No. 489


There would be nothing to frighten you if you refused to be afraid.

N. Suspense account caring below mentioned entries.

No Particular Date Amount Rs.

1 Cash deposit by unknown party 11/10/2011 50,000.00

2 Cash deposit by unknown party 30/10/2013 5,000.00

3 Credit balance since 16/08/2005 29/03/2014 1338.00 Loan against FD A/c 2979 Dahyabhai Methabhai Makwana

4 Cash balance since 02/12/2013 loan A/c No. 696 29/03/2014 6,120.00

5 Amount Deposited by NEFT 26/03/2015 2,537.00

6 Franking stamp Debit amount due to paper jam -- 1500.00






(Rs in Lacs)

Sr. Particulars rhNs 31-03-14 31-03-15

1 Capital d|X$u 163.46 179.50

2 Reserves A“pdsp¡ 1834.69 1944.83

3 Net Worth “¡V$h’® 1257.88 1577.75

4 Working Capital L$pe®L$pfu d|X$u 12488.40 14552.81

5 Provision for Standard Assets õV$pÞX$X®$ A¡k¡V¹$k dpV¡$ Å¡NhpB 24.00 32.00

6 Total Deposits Ly$g ’p‘Zp¡ 10111.49 12206.30

Increase (%) h^pfp¡ (%) 11.50% 20.72%

7 Total Advances Ly$g r^fpZp¡ 4625.93 6611.30

Increase (%) h^pfp¡ (%) 15.63% 42.92%

8 Priority Sector Advances âp’rdL$ n¡Ó¡ r^fpZ 3774.26 4612.41

% of Total Advances Ly$g r^fpZ“p V$L$p 81.59% 69.77%

9 Credit / Deposit Ratio r^fpZ/’p‘Z NyZp¡Ñf 45.75% 54.16%

10 Total Investments Ly$g fp¡L$pZp¡ 6871.52 7174.96

11 SLR Investments SLR fp¡L$pZp¡ 4455.22 3988.46

% of Total Investments Ly$g fp¡L$pZp¡“p V$L$p 64.84% 55.59%

12 Average cost of funds a„X$“u kf¡fpi ‘X$sf 7.58% 7.47%

13 Average cost of Deposits ’p‘Zp¡“u kf¡fpi ‘X$sf 6.92% 7.23%

14 Average yield on Advances r^fpZp¡“u kf¡fpi D‘S> 14.08% 12.86%

15 Business per Employee L$d®Qpfu v$uW$ rbT“¡k 491.25 672.06

16 Gross NPA 208.07 168.75 % of Gross Advances 4.50% 2.55% 17 Capital Adequacy Ratio d|X$u-‘ep®ásp NyZp¡Ñf 17.03% 14.65%

18 Staff cost to total income õV$pa MQ® Ly$g AphL$“p V$L$p 12.22% 10.40%

19 Cost / Revenue Ratio MQ®/AphL$ NyZp¡Ñf 88.53% 84.12%

20 Net Income per staff L$d®Qpfu v$uW$ AphL$ 2.76 3.04

21 No of regular share holders kcpkv$ k„¿ep 12768 13198

Nominal Share holders “p¡du“g kcpkv$ k„¿ep 69 79

22 Earning per share i¡f v$uW$ L$dpZu 48.94 47.35

23 Term Deposits / Total Deposits dyv$su ’p‘Zp¡/Ly$g ’p‘Zp¡“p %dp„ 72.94% 75.15%

24 Investment Dep. Reserve fp¡L$pZ-Okpfp A“pds 513.70 513.70

25 Advance to Directors (FDOD) X$uf¡¼V$fp¡“¡ L$f¡g r^fpZ 6.41 0.56

26 Housing Loan lpDk]N gp¡“ 456.98 621.57

27 Gross NPA N°p¡k NPA 208.07 168.75

Net NPA “¡V$ NPA 0.00 0.00

% Gross NPA Ly$g r^fpZ“p V$L$p 4.50% 2.55%

% Net NPA “¡V$ NPA 0.00 0.00

28 NPA Provision NPA dpV¡$ Å¡NhpB 550.28 572.28

Required Provision S>ê$fu Å¡NhpB 208.07 168.75

Excess Provision Made h^pfp“u Å¡NhpB 342.21 403.53

BANK'S COMPARATIVE FINANCIALS & RATIOS IN BRIEF AS ON 31-3-2015b¡ÞL$“u syg“pÐdL$ “pZp„L$ue dprlsu A“¡ NyZp¡Ñf sp.31-3-2015“p fp¡S>

C.A. Bharatbhai C PatelPanel No. 489, Anand

Kamlesh M. PatelManager

Worry increases pressure, prayer releases peace.





18


Doing what you like is freedom. Liking what you do is happiness.

â^p“d„Óu Æh“ Äep¡rs hudp ep¡S>“p (PMJJBY)

hprj®L$ ê$p. 330/- “p râdued’u Æh“ hudp“y„ fnZ Ap‘su hudp ep¡S>“p L¡$ÞÖ kfL$pf Üpfp Ål¡f L$fhpdp„ Aphu R>¡.

cpfsue Æh“ hudp r“Nd (LIC) “p klep¡Ndp„ b¢L$“p bQs Mps¡v$pfp¡ dpV¡$ Ap‘Zu b¢L¡$ ‘Z Ap ep¡S>“pdp„ cpN gu^¡g R>¡.

ep¡S>“p“u k„rná rhNsp¡ “uQ¡ dyS>b R>¡.

1. ep¡S>“p spfuM 01/06/2015 ’u Adgdp„ Aphi¡ A“¡ s¡dp„ Å¡X$phhp“u dyv$s 31/08/2015 kyû“u R>¡.

2. ep¡S>“pdp„ v$pMg ’su hMs¡ Mps¡v$pf“u Jdf 18 ’u 50 hj® kyû“u lp¡hu Å¡BA¡. hudp fnZ 55 hj®“u Jdf kyû dmi¡.

3. v$f hj£ 31du d¡ ‘l¡gp„ râdued D^pfhp“u (AUTO-DEBIT) kÑp b¢L$“¡ Ap‘hp“u fl¡i¡.

4. Ap ep¡S>“pdp„ v$pMg ’hp KYC dpV¡ Ap^pf L$pX®$$ S>ê$fu R>¡.

5. ep¡S>“pdp„ Å¡X$pe¡g kæe“y„ L$p¡B‘Z L$pfZkf (AL$õdps krls) d©Ðey ’i¡, sp¡ r“eyL$s hpfkv$pf“¡ kfm ‘¡‘f hL®$ bpv$ ê$p. 2,00,000/- (ê$r‘ep b¡ gpM ‘yfp) dmhp‘pÓ R>¡.

6. b¢L$ Üpfp ep¡S>“pdp„ kpd¡g sdpd kæep¡ dpV¡$ dpõV$f ‘p¡guku g¡hpdp„ Aphi¡.

7. “uQ¡“p k„Å¡Np¡dp„ ‘p¡guku b„^ ’e¡gu NZpi¡.

1. N°plL$“u Jdf 55 hj®’u h^y ’e¡’u.

2. qâdued Q|L$hZu dpV¡$ S>ê$fu b¡g¡Þk Mpspdp„ “ lp¡hp’u

3. k„b„r^s bQs Mpsy b„^ ’hp’u

8. hudp gpc“u fL$d“u d„S|>fu cpfsue Æh“ hudp r“Nd (LIC) “p r“edp¡ / ifsp¡“¡ Apû“ fl¡i¡, S>¡“u N°plL$p¡A¡ “p¢^ g¡hu.

â^p“d„Óu kyfnp hudp ep¡S>“p (PMSBY) dpÓ ê$p. 12/- “y„ hpqj®L$ râdued cfhp’u cpfs“p¡ L$p¡B‘Z “pNfuL$ S¡ b¢L$dp„ bQs Mpsy„ ^fphsp¡ lp¡e, s¡“p dpV¡$ AL$õdps hudp“y„ fnZ Ap‘su ep¡S>“p L¡$ÞÖ kfL$pf Üpfp lpgdp„ Ål¡f ’e¡g R>¡.

Ap‘Zu b¢L¡$ ‘Z “¡i“g CÞõep¡fÞk L„$‘“u gu.“p klep¡N’u b¢L$“p bQs Mpsy ^fphsp N°plL$p¡“p gpcp’£ kv$f ep¡S>“pdp„ cpN gu^p¡ R>¡.

k„rná rhNsp¡ “uQ¡ dyS>b R>¡.

1. ep¡S>“p spfuM 01/06/2015 ’u Adgdp„ Aphi¡.

2. 18 ’u 70 hj®“u Jdf“p bQs Mpsy ̂ fph“pf N°plL$p¡ D‘fp¡L$s hudp¡ gB iL$i¡.

3. ep¡S>“pdp„ v$pMg ’hp Ap^pf L$pX®$ BÃR>“ue R>¡.

4. AL$õdps d©Ðey / L$pedu A‘„Nsp ’hp“p qL$õkpdp„ r“eyL$s hpfkv$pf“¡ hudp-gpc sfuL¡$ ê$p. 2,00,000/- (ê$r‘ep b¡ gpM ‘yfp)dmhp ‘pÓ R>¡, Äepf¡ A^® - A‘„Nsp“p qL$õkpdp„ hudp-gpc sfuL¡$ ê$p. 1,00,000/- (ê$r‘ep A¡L$ gpM ‘yfp)dmhp‘pÓ fl¡i¡.

5. ep¡S>“pdp„ kpd¡g ’sp sdpd N°plL$p¡ dpV¡$ b¢L$ Üpfp dpõV$f ‘p¡guku g¡hpdp„ Aphi¡.

6. “uQ¡“p k„Å¡Np¡dp„ ‘p¡guku b„^ ’e¡gu NZpi¡.

1. N°plL$“u Jdf 70 hj®’u h^y ’e¡’u.

2. qâdued Q|L$hZu dpV¡$ S>ê$fu b¡g¡Þk Mpspdp„ “ lp¡hp’u

3. k„b„r^s bQs Mpsy b„^ ’hp’u

7. hudp gpc“u fL$d“u d„Sy>fu S>¡ s¡ hudp L„$‘“u“p r“edp¡ / ifsp¡“¡ Apû“ fl¡i¡, S>¡“u N°plL$p¡A¡ “p¢^ g¡hu.

8. h^y rhNsp¡ dpV¡$ b¢L$“p¡ k„‘L®$ L$fhp rh“„su R>¡.






Effort doesn’t matter if love is left behind.

Ap^pf L$pX®$ k„L$gus kbkuX$u A„N¡“u dprlsu (AADHAR BASED PAYMENT SYSTEM)

L¡$ÞÖ kfL$pf Üpfp ‘yfõL©$s rhrh^ ep¡S>“p“u kbkuX$u“u fL$dp¡ ku^u Mpspdp„ S>dp L$fhp dpV¡ “¡i“g ‘¡d¡ÞV$

L$p¡‘p£f¡i“ Ap¡a BÞX$uep (NPCI) Üpfp D‘fp¡L$s rkõV$d L$pep®qÞhs ’e¡g R>¡. Ap‘Zu b¢L$“p N°plL$p¡ ‘Z ‘p¡sp“p

Mpsp“p¡ 14 Ap„L$X$p“p¡ “„bf, b¢L$“y„ “pd, Ap^pf “„bf s’p IFSC L$p¡X$ Ap‘u“¡ kv$f rkõV$d“p¡ gpc gB iL¡$ R>¡.

Ap‘Zu b¢L$¡ Ap dpV¡$“u S>ê$fu kyrh^p A¡Q.X$u.A¡a.ku. b¢L$“p klep¡N’u D‘gå^ L$f¡g R>¡, S>¡“p¡ gpc g¡hp N°plL$p¡“¡

S>ZphuA¡ R>uA¡.

CHARGES (Excluding Service Tax) Rs.

1 First Time Card Issuance Fee FREE

2 Additional Card (Add-on Card) 100.00

3 Card Replacement Fees 150.00

4 Annual Maintenance Charge (From second year onwards) 100.00

5 PIN Replacement charges 100.00

CHARGES AFTER 5 (FIVE) TRANSACTIONS

A) Financial (Cash withdrawal) VVCC BANK AND HDFC BANK ATM 0.00

Other BANK ATM 18.00

B) Non - Financial (Balance Enquiry, Mini Statement, Pin Change) WCC BANK AND

HDFC BANK ATM

0.00

Other BANK ATM 5.00

Important Information on VVCC RUPAY ATM-CUM-DEBIT CARD

• Card will be issued to eligible current & Savings Bank Account Holders.

• Joint holders can also get add-on Card, upon payment of Rs.100/-

• Usage of card at VVCC & HDFC BANK ATMs is free of charge.

• Details of charges at other Bank ATMs (see Table)

• Personal Accident coverage of Rs. 1,00,000/- to card-holder, provided card has been used within a period of 45 days prior to accident.

• Rupay ATM-CUM-DEBIT Card is valid throughout India, and can be used at any POS/ATM of any Bank and for e-payments.

b¢L$“u Ad|ëe k¡hpAp¡“p¡ ìep‘ h^pfhp s¡dS> b¢L$“p rhõsfZ dpV¡$“p Apep¡S>““p cpNê$‘¡ b¢L$“u k|rQs ipMp ApZ„v$ Mps¡ “ÆL$“p crhóedp„ âpf„c L$fhp“u s¥epfuAp¡ Qpgy R>¡. Ap dpV¡$“u S>ê$fu d„S|>fu fuTh® b¢L$ Ap¡a CÞX$uep sfa’u dmu Ne¡g R>¡. dp“h„sp N°plL$p¡ A“¡ kcpkv$p¡“¡ A“yfp¡^ R>¡ L¡$ b¢L$“p Ap “hsf kplk“¡ ‘Z DdmL$pc¡f ârskpv$ Ap‘ip¡.

b¢L$“u k|rQs ApZ„v$ ipMp A„N¡





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