Osmanabad Janata Sahakari Bank Ltd, Osmanabad - Multistate Co-Op. Bank · 2015. 10. 5. ·...

Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op. Bank

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3) g^mgXmg H$mhr Iwbmgm nm{hOo Agë`mg {X. 17/9/2015 n`ªV ~±Ho$À`m _w»` H$m`m©b`mV boIr {dMmaUm H$amdr.

Osmanabad Janata Sahakari Bank Ltd; Osmanabad (Multistate Co-Op. Bank)

Head Office: - Osmanabad – 413501

Notice of Annual general Meeting(Only of the Member of the Bank )

All members of the bank are informed that, 71 th annual General Meeting of the Bank will be held on 24/09/2015 at 01.00 P.M. at Osmanabad under the Chairmanship of Hon. Shri. Brijlal Sadasukh Modani Charman of the Bank, to transact the following business, Hence all Members are re-quested to attend this meeting in time.

Vanue of the Meeting : - Shri. Sant Dnyaneshwar Mandir Sabhagrah, OsmanabadAgenda for the Meeting :

1) To read at confirm the proceedings of the last annual General Meeting held on 17/09/2014

2) To approve the Annual Report, Balance sheet, Profit and Loss account statement in respect of the year ending on 31/03/2015

3) To consider and adopt appropriation of the profit of the year 2014-2015.

4) To consider and approve the expenditure which is in excess or less than as stated in the budget for the year 2014-2015

5) To consider and adopt the budget which is recom-mended by the Board of Directors for the years 2015-2016.

6) To take note of the Audit rectification report for the year ending 2014 and to take note of audit report of 2014-2015

7) To take note and approve the remission given under the one time settlement and scheme of compromise for the year 2014-2015

8) To peruse the list of employees which are relative of member of Board and chief Executive Officer?

9) Appointment of statutory Auditor for the year 2015-2016

10) Approve the amendments of byelaws. 11) To discuss and take decision any other subject as

then may be placed for consideration. Place : Osmanabad By order of Board of DirectorsDate : 08/09/2015

Genral Mangers Osmanabad Janata Sahakari Bank Ltd. OsmanabadNote : 1) If the meeting stands adjourned for want of quorum. The said

meeting will be held after one hour at the said decided place and for that meeting no quorum will be necessary.

2) It is necessary that the members should bring their copy of Annual Report while coming for the Annual general meeting.

3) If any member requires some clarifications he should ask for the same in writing up to date 17/09/2015 in the Head office of the bank

01



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A{YH$ Pmbobm Amho. _mJrb dfm©À`m ~±H$tJ ì`dgm`mV 15.91% dmT>

Osmanabad Janata Sahakari Bank Ltd; Osmanabad (Multistate Co-Op. Bank)

Head Office: - Osmanabad – 413501

71th Annual Report

Hon’ble Members Brothers and Sisters,

I Cordially welcome all the Hon’ble Members present for the 71th annual general body meeting of the bank. I have proud for Co- operation of all members to Board of directors in their conscious effort for fulfilling your faith over the bank

Our bank, due to the conscious effort of Board of Director, is in profit last three years consecutively and also is in profit in the financial year. I have confidence that growth of our bank will remain the same in future, Our bank, due to the faith, Love, co-operation which is given by the members, depositors, account holders, well wishers and employees of the bank, has started the core banking system to make available better and faster banking service to our member, consumers, I hope the same co-operation of all you remain forever in future.

The NPA of bank reduced up to 2.28% due to eh co-operation in regard to the recovery of loans. I hereby request to all of you to same co-operation be given in future.

Obituary: -We pay homage to those members, customers, well

wishers, as well as the great personalities with national and international repute and the soldiers-martyrs who lost their lives during the year of this Annual Report.

Performance/ Highlight of bank business in the financial year – 2014-2015

In the year 2014-2015 business of the bank in more than Rs. 1657 core. In comparison to financial year 2012-

02


Pmbobr Amho. Mmby d ~MV R>odr (casa) é. 256.07 H$moQ>r AmhoV.

Ahdmb gmbmV ~±Ho$Zo 17.30 H$moQ>r Z\$m {_idbm Amho.

AZw H«>>.

Vnerbénò bmImV

31.03.2015 31.03.2014

1 ^mJ^m§S>db 4266.77 3786.18

2 {ZYr 15093.06 13229.32

3 R>odr 96021.38 84634.85

4 H$O© 69703.88 58159.28

5 {Zìdi Z\$ 1729.66 1501.56

6 EHw$U CbmT>mb 165728.26 142794.12

7 T>mo~i EZ.nr.E. 11.88 12.65

8 {Zìdi EZ.nr.E. 2.28 1.24

g^mgX d ^J- ^m§S>db

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_mM© 2015 amoOr g§nUmè`m Am{W©H$ dfm©AIoa dgwbr ^mJ- ^m§S>db

é. 42.69 H$moQ>r BVHo$ Pmbo Amho. ^mJ- ^m§S>ìb 12.75 % Zr dmT>

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Pmbr Amho.

{ZYr : -

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{XZm§H$ 31 _mM© 2015 amoOr g§nUmè`m Am{W©H$ df©AIoa ~±Ho$Mm {ZYr

151.00 H$moQ>r EdT>m Pmbm Amho. {ZYr_Üò 14.09% dmT> Pmbr.

Jw§VdUwH$ : -

Ahdmb dfm©V gwédmVrg ~±Ho$Mr Jw§VdUyH$ 428.46 H$moQ>r hmoVr.

{XZm§H$ 31.03.2015 amoOr g§nUmè`m Am{W©H$ df©AIoa ~±Ho$Mr

Jw§VdUyH$ énò 434.45 H$moQ>r Pmbr AgyZ JVdfr©À`m VwbZoV

1.40% Zo dmT> Pmbr Amho. Ahdmb dfm©V {aPìh© ~±Ho$À`m {ZH$fmZwgma

Eg.Eb.Ama. gmR>rMr Jw§VdUyH$ `mo½` à_mUmV Ho$bobr Amho.

R>odr :-

JVdfr© ~±Ho$À`m R>odr 846.35 H$moQ>r hmoË`m. {XZm§H$ 31 _mM©

2015 amoOr g§nUmè`m Am{W©H$ df©AIoa ~±Ho$À`m R>odr é. 960.21

H$moQ>r BVŠ`m Pmë`m AmhoV. R>odr {d_m `moOZoH${aVm S>r.Am`.gr.Or.

gr. H$S>o {Z`{_V hám âbobm Amho. Ahdmb dfm©V R>odr_Üò 13.45%

Zo dmT> Pmbobr Amho.

2013 growth of total business is 15.91 % and current and saving deposit is Rs. 256.07 Core. Bank has earned Rs. 17.30 cores profit in the present financial Year.

Sr. No. PERTICULAR

Amount Rupees in Lakhs

31.03.2015 31.03.20141 Share Capital 4266.77 3786.182 Reserves 15093.06 13229.323 Deposits 96021.38 84634.854 Loans & Advances 69703.88 58159.285 Net Profit 1729.66 1501.566 Total Business 165728.26 142794.127 Gorss NPA 11.88 12.658 Net NPA 2.28 1.24

Members & Share Capitals: The Authorized share capital of the bank is 50

cores. The paid up Share Capital as on 31st March 2015 is Ro 42.69 Core Share Capital increased by 12.75 % at the end of the financial year. The increase in the members by 12.00 and the number of members have reached to 71005. Growth in the number of members by 1.72%

Reserves: Funds of the bank in parameter of it’s financial

soundness and stability. As on 31st March 2015 Bank’s fund of are Rs 151.00 cores. Increase in the reserves by 14.09%

Investment:At the beginning of the report year the bank’s

investment was Ro 428.26 cores. As on 31st March 2015 at the end of finically year the banks investment is of Rs. 434.45 Cores. In comparison of last year the growth in 1.40 % bank has made proper SLR investment in the report year as per prescribed limit of RBI.

Deposits : Last Year bank Deposit was of Rs. 846.35 cores. At

the end of the financial year ending on 31st march 2015 the deposits are of Rs. 960.21 Corers. Bank as regularly paid the premium DICGC towards the scheme of deposit Insurance. Growth of deposits by 13.45 % in the report year.

03


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JaOw KQ>H$m§Zm H$O© dmQ>n Ho$bo Amho. {X. 31.03.2014 AIoa H$O©

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Amho.

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à`ËZerb AmhoVM, _mÌ Am_À`m à`ËZm§Zm g^mgXm§À`m ghH$m`m©Mr

gmW {_imë`m{edm` C{Ôï>nwVr© hmoD$ eH$Uma Zmhr.

{XZm§H$ 31.03.2015 amoOr g§nUmè`m Am{W©H$ df©AIoa

{Zìdi EZ.nr.E.Mo à_mU 2.28% BVHo$ Pmbobo Amho. Var `m àg§Jr

WH$~mH$sXma g^mgXm§Zm {dZ§Vr H$aVmo H$s, Ë`m§MoH$S>rb òUo Agboë`m

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naV\o$S> Ho$ë`mg ~±Ho$Mr Am{W©H$ {ñWVr `mhrnojm OmñV _O~wV hmoB©b.

Z\$m :-

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AgVmZmhr _mJrb dfm©à_mUoM Mmbw dfm©V ~±Ho$Zo {Zìdi Z\$m é.

17.30 H$moQ>r {_i{dbm Amho. Ahdmb dfm©V ~±Ho$Zo 15.20% BVH$s

dmT> {Zìdi Zâ`mV Ho$br Amho. ^maVr` AW©ì`dñWoV _§Xr {XgV

AgVmZm VgoM ~±Ho$g Jw§VdÎmmnwd©H$ H$O© {dVaUmMm n`m©` H$_r

AgVmZmXoIrb ~±Ho$Zo Amnbm Z\$m dmT>rMm doJ _mJrb Mma dfmªnmgyZ

H$m`_ R>odbm Amho.

^m§S>dbmMo n`m©á à_mU : - CRAR

ì`mnmar ~±H$m§à_mUo ZmJar ghH$mar ~±H$m§Zm ~±{H§$J ì`dgm`mVrb

OmoIr_ nËH$amdr bmJV Agë`mZo {aPìh© ~±Ho$Zo ^m§S>dbmÀ`m n`m©á à_

mUmMm {ZH$f bmJy Ho$bm Amho. Ë`mZwgma Ë`mMo à_mU 9% Agmdo bmJVo.

na§Vw, Amnë`m ~±Ho$Zo ho à_mU 19.30% BVHo$ amIbo Amho. ̀ mdéZ ~±H$

Am{W©H$ gw{ñWVrV Amho ho ñnï> hmoV Amho.

Loans and advances: From the beginning to till today bank has provided

finance to Entrepreneurs, small scale Industries, farmers and the small and big traders, weaker and needy constituents in the society. In last year the disbursed loans were of Rs 581.59 cores. At the end of financial year ending on 31.03.2015 the loans have increased by Rs. 697.04 cores. The Loans have increased by 115 cores. As per policies of Reserve Bank the disbursement of loans in priority sector is of 72.77% and for weaker section 22.73%

Overdues: Increase in any overdue which becomes obstacles

in progress of bank. Bank has given preference for recovery of overdue and the recovery officer. Other officers and employees of the bank are taking efforts to that effect, but the purpose is not fulfilled without co-operation of the members to our efforts.

As on 31.3.2015 the ratio of net NPA is 2.28 % in this event I request to defaulted members to co-operation us by making payment in future of their over dues loan and interest in time. If the borrower members repay the loan within time by giving co-operation for recovery of loan. Then financial position of the bank will become very strong than present position.

Profit: -

Bank has earned the net profit of Rs 17.30 core in the economical fluctuation condition of current financial year. Like previous year Growth of net profit 15.20 % in the report year. Bank has maintained earning profit ration cons alive last four years even though Indian economic facing slow down as well as bank having limited opportunities for lending quality loan proposals.

Capital Adequacy:

Like commercial banks. The urban co-operative banks are to incur the risk in the baking business and hence RBI has imposed criteria of CRAR. The stander CRAR is 9 %. But our bank has maintained the CRAR at 19.30%. This fact shows that bank is in financial sound position.

04


g§MmbH$ _§S>imÀ`m g^m : -

Ahdmb dfm©V g§MmbH$ _§S>imÀ`m g^m 12 d g{_VrÀ`m g^m 11

Pmboë`m AmhoV.

AmYw{ZH$ V§ÌkmZ : -

gÚm ~±H$tJ ì`dgm`mV ñnYm© Agë`mZo ~±Ho$Zo J«mhH$m§Zm CÎm_moÎm_

godm nwadÊ`mÀ`m X¥ï>rZo H$moAa~±H$tJ àUmbr H$m`m©ÝdrV Ho$br Amho.

YÝ`dmX!

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_mJrb g^m {XZm§H$ 17.09.2014 amoOr g§V kmZoída _§Xra g^mJ¥h, Cñ_mZm~mX òWo KoÊ`mV Ambr hmoVr. Ë`m gôMo g^md¥Îm dmMyZ H$m`_ H$aUo {df`r {dZ§Vr Amho.

{df` H«>>. 2 - {XZm§H$ 31/3/2015 AIoa g§nUmè`m dfm©Mm gmXa Ho$bobm Ahdmb, Vmio~§X d Z\$mVmoQ>m nÌH$ {ñdH$maUo.

{XZm§H$ 31/3/2015 AIoaMm Ahdmb Vmio~§X d Z\$mVmoQ>m nÌH$ nmZ Z§~a 8 Vo 11 da nmhUo.

{df` H«>>. 3 - gmb gZ 2014-15 À`m Z\$m dmQ>Urg _mÝ`Vm XoUo:-

~±Ho$g Mmby Am{W©H$ dfm©_Üò {Zìdi Z\$m é. 172965778.97 Pmbm AgyZ _m. g§MmbH$ _§S>imZo Ibrb à_mUo Z\$m {d^mJUrMr {e\$mag Ho$bobr Amho. Ë`mg _§Owar XoUogmR>r AmnUm§g {dZ§Vr Amho.

Vnerb a¸$_ én`m§V

J§JmOir 25 % 43241445.00

A{V{aº$ J§JmOir 10% 17296578.00

bm^m§e 8 % 34150000.00

bm^m§e g{_H$aU {ZYr 2% 3459316.00

B_maV {ZYr 57200000.00

ghH$ma {ejU {ZYr 1 % 1729658.00

amï´>r` g§H$Q> {ZYr 500000.00

{ZdS>UyH$ {ZYr 5000000.00

eVH$ _hmoËgd {ZYr 371887.00

Jw§VdUyH$ MT>-CVma {ZYr 10000000.00

{eëbH$ Z\$m 16894.97

EHy$U 172965778.97

Meetings of the Board of Directors: During the report year 12 meeting of board of

Directors and 11 meetings of the committees were held.

Modern Technology : Bank has started core banking system to make

available better banking service in the recent competition is financial transition.

Thanks Sub. No 1 To read at confirm the proceedings of the last annual General Meeting held on 17/09/2014

Then last meeting was held on 17/09/2014 in shree sant dnyaneshwar Mandir Sabhagrah at Osmanabad. It is requested that the minutes of said meeting be read and confirm.

Sub. No 2 To approve The Annual Report, Balance sheet, Profit and Loss account statement in respect of the year ending on 31/03/2015

The Annual Report, Balance sheet, Profit and Loss account statement in respect of the year ending on 31/03/2015 See the page no 8 to 11

Sub. No 3 To consider and adopt appropriation of the profit of the year 2014-2015.

Bank has earned the net profit of 172965778.97 in current financial year. We are hereby request you to give sanction to the following recommendations placed by the board of directors for disposal of the profit.

Perticular Amount (Rs.)25% OF Rf 43241445.00Additional R Fund 10 % 17296578.00Dividend @ 8 % 34150000.00Dividend Equilization fund 2 % 3459316.00Build. Fund 57200000.00Coop.Edu.Fund 1% 1729658.00Notional Calamities 500000.00Election Fund 5000000.00Century Celebration Fund 371887.00Investment Fluctuation Fund 10000000.00Remaining Balance 16894.97Total 172965778.97

05


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{df` H«>>. 4 gmb gZ 2014-15 À`m gmbmV A§XmOnÌH$mnojm H$_rOmñV Pmboë`m IMm©g _§Owar XoUo : -

gmb gZ 2014-15 À`m A§XmOnÌH$mnojm H$_r OmñV Pmbobm IM© nmZ Z§~a 27 da nmhdo.

{df` H«>>. 5 g§MmbH$ _§S>imZo gwMdboë`m gZ 2015-16 À`m A§XmOnÌH$mg _§Owar XoUo .

g§MmbH$ _§S>imZo gwMdboë`m gZ 2015-16 Mo A§XmoOnÌH$ nmZ Z§~a 28 Vo 30 da nhmdo.{df` H«>>. 6 gZ 2014 AIoa boIm-n{ajU, Xmof- XwéñVr AhdmbmMr Zmo§X KoUo d 2014-2015 AIoa boIm-n{ajU AhdmbmMr Zmo§X KoUo :-

gmb gZ 2013-2014 À`m d¡YmZrH$ boIm narjU Xmof XwéñVr AhdmbmMr Zmo§X KoÊ`m~m~V gmXa {X.01.04.2014 Vo 31.03.2015 AIoaMr d¡YmZrH$ boIm- n{ajU EZ. Ama. dmKMm¡ao A°ÝS> AgmogrEQ>g² gr.E. gmobmnya `m§Zr Ho$bobo Amho. boIm narjU AhdmbmMr Zmo§X KoÊmo~m~V gmXa.

{df` H«>>. 7 -gmb gZ 2014-2015 _Üò EH$ a¸$_r H$O© naV\o$S> d VS>OmoS> `moOZoV§J©V {Xbobr gwQ> `mMr Zmo§X ¿moUo :-

Am{W©H$ df© 2014-2015 _Üò ~±Ho$Zo emgZmÀ`m EH$a¸$_r H$O© naV\o$S> d VS>OmoS> `moOZoV§J©V _hmamï´> emgZ H«>>. `w.Ama.~r./1807/à.H«>>. 459 (A)/7/g {XZm§H$ 21.01.2015 n{a{eï> A AÝdò EHy$U 151 H$O©Xma g^mgXm§g 551.91 bmI gwQ> {Xbobr Amho. d VS>OmoS> `moOZoV§J©V 75 g^mgXm§Zm 192.47 bmI gyQ> {Xbobr Amho.

{df` H«>>. 8-g§MmbH$ d _w»` H$m`©H$mar A{YH$mar `m§Mo ZmVodmB©H$ H$_©Mmar `m§À`m `mXrMo AdbmoH$Z H$aUo~m~V :-

~±Ho$À`m g^mgXm§Zm d J«mhH$m§Zm AË`§V gm¡OÝ`nyd©H$ dmJUwH$ d gmVË`mZo godm XoD$Z ~±Ho$Mr àJVr H$aÊ`m_mJo g§MmbH$ _§S>i d H$_©Mmar dJm©Mm {g§hmMm dmQ>m Amho. Am{W©H$ dfm©Ioa g§MmbH$ _§S>imMo ZmVodmB©H$ H$_©Mmar 5 AgyZ _w»` H$m`©H$mar A{YH$mar `m§Mo ZmVodmB©H$ H$_©Mmar {Za§J Amho. Ë`m§À`m Zo_UwH$m ~±H$ _ëQ>rñQ>oQ> hmoÊ`mnwdr©À`m AmhoV. ~±H$ _ëQ>rñQ>oQ> Pmë`mZ§Va Aem ZmVodmB©H$m§À`m {Z`wº$ H$aÊ`mV Amboë`m ZmhrV.

{df` H«>>. 9 gmb gZ 2015-2016 H${aVm d¡YmZrH$ VnmgUrgmMr Zo_UwH$ H$aUo~m~V :-

gmb gZ 2014-2015 gmR>r d¡YmZrH$ boIm- narjH$ åhUyZ EZ. Ama. dmKMm¡ao A°ÝS> AgmogrEQ>g² gr.E. gmobmnya `m§Mr Zo_UyH$ Ho$br hmoVr. gmb 2015-2016 `m Am{W©H$ dfm©gmR>r ~±Ho$Zo V`ma Ho$boë`m d¡YmZrH$ boIm narjH$m§À`m n°Zb_YyZ Zo_UwH$ H$aÊ`mV `mdr.

Dividend: The bank has recommended giving dividend 8 %

to all members in the year 2014-2015 disbursement of dividend will be made after getting permission from Reserve Bank of India.Sub. No. 4 To consider and approve the expendi-ture which is in excess or less than as stated in the budget for the year 2014-2015 See the Page NO 27

Sub. No. 5To consider and adopt the budget which is recommended by the Board of Directors for the years 2015-2016. See the Page NO 28 to 30

Sub. No. 6 To take note of the Audit rectification report for the year ending 2014 and to take note of audit report of 2014-2015

To take note of the statutory Audit rectification re-port of year 2013-2014. The audit of the bank for 01.04.2014 to 31.03.2015 is completed by statutory auditor N.R. Waghchaure & Associaties C.A. Solapur Audit Report is submitted to take note thereof. Sub No 7 To take note and approve the remission given under the one time settlement and scheme of compromise for the year 2014-2015

Under on time settlemen scheme (O.T.S.) of Maha-rashtra State under Kr. U.R.B.-1807/P.K./459(A) 7-S Date 21.1.2015 as per schedule ‘A’ Banks given remis-sion in interest of 551.91 to 151 Borrowers members in present finicial year. As well as bank has given re-mission as per settlement of Rs. 192.47 Lac to 75 Bor-rower Members. Sub No. 8 To peruse the list of employees which are relative of member of Board and chief Executive Officer?

The Board of directors and the Employees have lions Share in giving polite treatment and consistent service to the members and customers of the bank in the progress. Of the bank. Relative employees of the member of board are five and none relative of the chief executive officer at the end of financial year and the relative employees appointed prior to registration of the bank under Multi State cooperative Act. There is no any relative employee appointed after conver-sion in Multi state cooperative Bank Sub No. 9 Appointment of statutory Auditor for the year 2015-2016 N.R. Waghchaure & Associaties C.A. Solapur had ap-pointed as statutory auditor for the year 2014-2015. The statutory auditor for the financial year 2015-2016 is appointing from panel of statutory auditors of Bank.

06


{df` H«>>. 10 nmoQ>{Z`_ XwéñVr _mÝ`Vm XoUo ~m~V.nmoQ>{Z`_ XwéñVr _mÝ`Vm nmZ Z§~a 36 da nmhUo

Am^ma :-

~±Ho$da XmI{dboë`m {dídmg, ~±Ho$À`m gdmªJrU àJVr_Ü`o gX¡d gmW d ghH$m`© H$aUmè`m ^mJYmaH$m§Mm, ImVoXmam§Mm g§MmbH$ _§S>imMo dVrZo _r F$Ur Amho. gd© H$_©Mmar dJm©Mo g§MmbH$ _§S>imMo dVrZo _r _Znwd©H$ A{^Z§XZ H$aVmo. VgoM {aPd© ~±H$ Am°\$ B§{S>`m, Ho§$Ðr` {Z~§YH$ Zdr {Xëbr, d¡YmZrH$ boImna{jH$, H$m`Xoera gëbmJma `m§À`m doimodoir {_iUmè`m _mJ©Xe©Zm~Ôb _r Ë`m§Mm g§MmbH$ _§S>imÀ`mdVrZo H¥$Vk Amho. d ~±Ho$bm gmVË`mZo àJVrnWmda R>odÊ`mgmR>r g§MmbH$ _§S>i `m§Zr {Xbobo ghH$m`© d _mJ©Xe©Z `m~Ôb Ë`m§Mm _r AmdOw©Z CëboI H$aVmo.

O` ^maV ! O` _hmamï´>!! O` ghH$ma!!!

_m. g§MmbH$ _§S>imÀ`m dVrZo ({~«Obmb gXmgwI _moXmUr) AÜ`j Cñ_mZm~mX OZVm ghH$mar ~±H$ {b.Cñ_mZm~mX

Sub No. 10 Approve the amendments of byelaws. See the Page NO 36

Tanks : I Have tanks on behalf of Board of directors to

the members Depositiors, in giving co-operation to us in the progress of bank. As well as I have con-gratulate the employees of the bank. I have specially mention here with and thankful on behalf of Board of directors for given times to time proper guidance in the progress of bank by Honorable RBI. Central Registrar for cooperation New Delhi, Statutory audi-tors legal advisors.

Jay Bharat! Jay Maharashtra!! Jay Sahakar!!!

On behalf of Board of Directors Brijlal Sadasukh Modani Chairman Osmanabad Janata Sahakari

Bank Ltd. Osmanabad

07


BALANCE SHEET AS ON 31ST MARCH 2015{XZm§H$ 31-03-2015 AIoaMo Vmio~§X nÌH$

CAPITAL & LIABLILITIES (^m§S>db Am{U XoUo) SCHEDULE 31.03.2015 31.03.2014

1 CAPITAL (dgwb ^mJ- ^m§S>db) 1 426877200.00 378618100.00

2 RESERVES FUND & OTHER RESERVES ({ZYr) 2 1509306181.82 1322932185.09

3 DEPOSITS & OTHER ACCOUNTS (R>odr) 3 9602138431.36 8463484623.44

4 BORROWINGS (~mhoarb H$Oo©) 4 260737.60 260737.60

5 BILLS FOR COLLECTION ({~ëg) BEING BILLS FOR RECEIVABLE (as per contra )

29568736.03 12006646.62

6 BRANCH ADJUSTMENTS (emIm Vmi_oi) 13850823.70 40430771.50

7 OVERDUE INTEREST RESERVE I (W{H$V ì`mO) 4302853.00 6793449.00

8 OVERDUE INTEREST RESERVE II(W{H$V ì`mO) 401667684.00 386900008.00

9 INTEREST PAYABLE (ì`mO XoÊmo) 226557219.15 204123511.90

10 OTHER LIABLILITIES & PROVISIONS ( BVa XoUo VaVwX)

5 56591592.72 59710668.41

11 PROFIT & LOSS (Z\$m / VmoQ>m) 6 172965778.97 150145628.58

GRAND TOTAL (EHy$U) 12444087238.35 11025406330.14

0.00 0.00

CONTINGENT LIABILITIES (g§^mì` XoUo) 7 142534286.50 173664864.50

NOTES TO ACCOuNTS ANd SIgNIfICANT ACCOuNTINg POLICIES ANNExuEd fORMINg PART Of BALANCE SHEET.

Cheif Officer General Manager General Manager

08


BALANCE SHEET AS ON 31ST MARCH 2015{XZm§H$ 31-03-2015 AIoaMo Vmio~§X nÌH$

ASSETS & PROPERTIES (g§nÎmr d òUoo) SCHEDULE 31.03.2015 31.03.2014

1 CASH & BANK BALANCE (amoI d ~±Ho$Vrb {eëbH$)

8 520828183.11 360149539.26

2 BALANCE WITH OTHER BANK (~±Ho$Vrb {eëbH$)

9 2163085000.00 2129800001.00

3 MONEY AT CALL & NOTICE (_mJUr H$aVmM {_iUmao dm Aën ZmoQ>rerZo {_iUmè`m R>odr )

0.00 0.00

4 INVESTMENTS (Jw§VdUyH$) 10 2181428100.00 2154748100.00

5 LOANS & ADVANCES (H$O©o d A{J«_) 11 6970387509.60 5815927853.99

6 INTEREST RECEIVABLE (ì`mO òUo)(a) On Investment(b) On Advances (As per Contra)

89321284.00401667684.00

98715408.00386900008.00

7 BILLS FOR COLLECTION ({~ëg) BEING BILLS FOR RECEIVABLE (as per Contra)

29568736.03 12006646.62

8 FIxED ASSETS (_mb_Îmm) 12 54588441.05 38766553.48

9 OTHER ASSETS (BVa òUo) 13 33212300.56 28392219.79

GRAND TOTAL (EHy$U) 12444087238.35 11025406330.14

As per our Report of Even date N.R. Waghchaure & AssociatesDirector Vice - Chairman Chairman Chartered Accountants, Solapur

09


PROFIT & LOSS ACCOuNT AS ON 31ST MARCH 2015

{XZm§H$ 31/3/2015 AIoaMo Z\$m - VmoQ>m nÌH$

Expenditure (IM©) 31.03.2015 31.03.20141 Interest Paid on Deposits (R>odrda {Xbobo ì`mO ) 697990098.11 587291726.552 Interest Paid on Borrowing (H$Om©da {Xbobo ì`mO) 44283.00 4440200.003 Pigmi Agent Commission ({n½_r EO§Q> H$_reZ) 27106889.00 23785863.004 Salaries & Allowances (nJma Am{U ^Îmo) 147209759.00 150069683.005 Directors’s fees & Allowances (g§MmbH$ _§S>i ~¡R>H$ \$rg d ^Îmm) 299262.00 441910.506 Chairman’s Honororium (AÜ`j _mZYZ) 120000.00 240000.007 Rent, Taxes, Insurance, Lighting (^mS>o, H$a, {d_m d {Xdm~Îmr) 7935372.12 8901714.128 Postage, Telegram & Telephone (Q>nmb, Vma Am{U XwaÜdZr) 1618007.73 1465736.339 Audit Fees (boImn{ajU \$rg) 2500000.00 2500000.00

10 Stationery, Printing & Advertisement (ñQ>oeZar, N>nmB© d OmhramV) 1752486.14 350034.5211 Legal Charges (H$m`Xo{df`H$ gëbm \$rg) 1443656.00 1261886.0012 Depreciation on fixed assets (_mb_Îmodarb Kgmam) 11521371.13 13155622.7613 Repairs & Maintenance (XwéñVr Am{U ZwVZrH$aU) 11095778.00 16141804.0014 DICGC Premium (R>od {d_m) 9988985.00 8684701.0015 Donations & Subscriptions (XoUJr Am{U dJ©Ur) 226566.00 214054.0016 AGM Expenses (dm{f©H$ gd©gmYmaU g^m IM©) 1785496.00 1021050.1017 Vehicle Expenses (dmhZ IM©) 1627312.77 1397952.8418 Other Expenses ({H$aH$moi IM©) 5592298.87 6769498.9819 Premium on Securities Amortised (amoIo IaoXrdarb {à{_`_) 0.00 3225924.0020 Loss on Sale of Investment (Jw§VdUwH$ {dH«>>rVrb VmoQ>m)

Provisions (VaVwXr)0.00 0.00

21 Investment Depreciation fund (Jw§VdUyH$ Kgmam {ZYr) 33700000.00 9999600.0022 Investment fluction fund (Jw§VdUyH$ MT>CVma {ZYr) 13550000.00 35039701.0723 Bad & Doubtful Debt Provision (g§e{`V d ~wS>rV F$U {ZYr) 14900000.00 15100000.0024 Income Tax (Am`H$a) 118440492.00 113420612.0025 NET PROFIT OF THE YEAR (Mmby dfm©Vrb Z\$m) 172944489.39 150120730.16

TOTAL (EHy$U ) 1283392602.76 1155040004.93


10


PROFIT & LOSS ACCOuNT AS ON 31ST MARCH 2015{XZm§H$ 31/3/2015 AIoaMo Z\$m - VmoQ>m nÌH$

Income (CËnÞ) 31.03.2015 31.03.2014

1 Interest Received on Loans & Advances (H$Om©da {_imbobo ì`mO) 905558376.98 829098185.78

2 Interest Received on Investments (Jw§VdUwH$sda {_imbobo ì`mO) 334685313.26 296668504.28

3 Profit on sale of Govt. Securities(gaH$mar amoIo {dH«>>rVyZ {_imbobm Z\$m) 2375000.00 0.00

4 Incom from Mutual Fund (å`wÀ`wAb \§$S> Jw§VdUwH$sda {_imbobo ì`mO) 8248240.70 4315010.36

5 Dividend Income (eoAg©da {_imbobm bm^m§e) 4722514.00 280000.00

6 Commission & Exchange (H$_reZ d hwS>Zmdi) 3513007.32 3909533.42

7 Processing Fees & Other Income (n{aMmbZ \$rg Am{U BVa CËnÞ) 18310352.80 14968038.09

8 Locker Ren (bm°H$a ^mS>o) 1268100.00 1153600.00

9 Insurance Agency Commission Received ( {d_m EOÝgr H$_reZ) 4350000.00 4535700.00

10 Building Rent (B_maV ^mS>o ) 12072.00 58182.00

11 Profit on Sale of assets (_mb_Îmm {dH«>>rVrb Z\$m) 349625.70 53251.00

TOTAL (EHy$U ) 1283392602.76 1155040004.93

As per our Report of Even date N.R. Waghchaure & AssociatesDirector Vice - Chairman Chairman Chartered Accountants, Solapur

11


SCHEDuLE (n{a{eï> ) 31.03.2015 31.03.2014

SCHEDULE -1 CAPITAL (^mJ-^m§S>db )Authorised Share Capital (A{YH¥$V ^mJ ^m§S>db) 50,00,000 Shares of Rs. 100 Each (àVr ^mJ é. 100 à_mUo)

500000000.00 500000000.00

Issued, Subscribed & Paid up Capital ( dgwb ^mJ- ^m§S>db) 4268772 Shares of Rs. 100 Each

426877200.00 378618100.00

SCHEDULE -2 RESERVES ({ZYr )Statutory Reserve (d¡Ym{ZH$ {ZYr) 398683016.49 360902405.49Additional Statutory Reserve (A{Varº$ d¡Ym{ZH$ {ZYr) 52928372.33 37267899.60Investment Fluctuation Fund (Jw§VdUwH$ MT>-CVma {ZYr) 150000000.00 106450000.00

Investment Depreciation Fund (Jw§VdUyH$ Kgmam {ZYr) 126700000.00 93000000.00

Bad & Doubtful Debts Fund (H$O© g§e{`V ~w{S>V {ZYr) 650000000.00 635100000.00Standard Assets Provision (CÎm_ _mb_Îmm VaVwX) 30000000.00 30000000.00Dividend Equilisation Fund (bm^m§e g_rH$aU {ZYr) 17971630.00 14968717.00Centruy Celebration Fund (eVH$ _hmoËgd {ZYr) 798113.00 498113.00Election Fund ({ZdS>UwH$ {ZYr) 5025050.00 25050.00National Calamity Fund (amï´>r` g§H$Q> {ZYr) 2500000.00 2020000.00Charity Fund (Y_m©Xm` {ZYr) 200000.00 200000.00Building Fund (B_maV {ZYr) 59500000.00 32500000.00Core Banking Fund (H$moAa ~±H$tJ {ZYr) 10000000.00 10000000.00Special Income Tax Fund ({deof Am`H$a {ZYr) 5000000.00 0.00

Total 1509306181.82 1322932185.09SCHEDULE -3 DEPOSITS (R>odr )I CURRENT DEPOSITS (Mmby R>odr) 1) Individual (d¡`{ŠVH$ ) 2) Co-Operative Societies (ghH$mar d BVa )

284569549.87

56551118.86341120665.73

257990101.11

45878100.89303868202.66

II Savings Deposits (~MV R>odr) 1) Individual (d¡`{ŠVH$ ) 2) Co-Operative Societies (ghH$mar d BVa )

2151453874.10

68159164.342219613038.44

2102117871.79

36503398.032138621269.82

III TERM DEPOSITS (H$m`_ R>od ) ## 1) Individual (d¡`{ŠVH$ ) 2) Co-Operative Societies (ghH$mar d BVa )

6617321782.62

408889012.257026210794.87

5950707982.98

57347346.006008055328.98

IV Matured Deposit (_wXV g§nboë`m R>odr) 5864866.15 6414.79.15V CREDIT Balance in Loan Accounts (O_m H$O© ImVo ~mH$s) 9329066.17 6425742.83

9602138431.36 8463484623.44# Individual Include Deposits from Institutions other than Co-operative banks and scoieties.## Including staff security deposits, recurring/ pigmi deposits, etc.

12


13

SCHEDuLE (n{a{eï> ) 31.03.2015 31.03.2014

SCHEDULE -4 BORROWINGS(~mhoarb H$O©)Solapur D.I.C. Bank Loan(gmobmnya Am¡.g.~±H$ H$O©) M.S.C. Bank C/c Loan(E_.Eg.gr.~±H$ gr.gr. H$O©)

260737.600.00

260737.60

260737.600.00

260737.60SCHEDULE -5 OTHER LIABILITIES (BVa XoUo )I Other Liabilities Sundry Creditors ({H$aH$moi XoUo) 6185241.52 10517223.44 D.D. Payable ({S>_m§S> S´>m°âQ> XoU ) 655801.00 1173709.00 Service Tax Payable ( g{ìh©g Q>°Šg XoUo ) 2086.40 11464.45 Claring Adjustment ({ŠbAqaJ A°S>OoñQ>_o§Q>) 17270.80 227737.52 Pay- Slip Payable (no-{ñbn XoUo) 6463199.00 6279921.00 Dividend Payable( bm^m§e XoUo) 32836186.00 32170334.00 Education Fund Payble ({ejU {ZYr XoUo ) 1501456.00 1301547.00 Pigmy Suspense( {n½_r ganoÝg) 0.00 100.00 Surcharge Payble(gaMmO© XoUo) 0.00

47661240.720.00

51682036.41II Other Provisions (BVa VaVwXr) Audit Fees Payable ( boIm n{ajU \$rg XoUo ) 2548500.00 2804921.00 Incom Tax Payable (Am`H$a XoUo) 6381852.00

8930352.005223711.00

8028632.00Total 56591592.72 59710668.41SCHEDULE -6 PROFIT & LOSS (Z\$m Am{U VmoQ>m )Profit as per last Balance Sheet (_mJrb Vmio~§Xmà_mUo Z\$m)Less Appropriations for previous year profit (_mJrb dfm©Vrb Z\$m dmQ>Ur) Add Current Year Profit (Mmby dfm©Vrb Z\$m )

150145628.58 150124339.00

172944489.39

172965778.97

130154673.42 130129775.00

150120730.16

150145628.58SCHEDULE -7 CONTINGENT LIABILITIES (g§^mì` XoUo)Bank CuaranteeLetter of CreditOther Contingent items

137532690.50 0.00

5001596.00

142534286.50

173664864.50 0.00 0.00

173664864.50SCHEDULE -8 CASH & BANK BALANCE (amoI d ~±Ho$Vrb {eëbH$ )I CASH IN HAND (hmVmdarb {eëbH$)II Balances with Reserve Bank Of IndiaIII Balances with State Bank of India (~±Ho$Vrb {eëbH$) (a) In Current Account (Mmbw ImVo) (b) In Other Account (BVa ImVo) IV Balances with State & Centran Co- Opertative Bank (a) In Current Account (Mmbw ImVo) (b) In Other Account (BVa ImVo) V Balances with State Other Bank ( BVa ~±Ho$Vrb) (a) In Current Account (Mmbw ImVo) (b) In Other Account (BVa ImVo)

133821052.00 0.00

280335063.06

0.00

10279740.99 0.00

96392354.06

0.00

125238990.00 0.00

152828351.29

0.00

26991538.38 0.00

55090659.59

0.00

520828183.11 360149539.26


SCHEDuLE (n{a{eï> ) 31.03.2015 31.03.2014

SCHEDULE -9 BALANCE WITH OTHER BANK (BVa ~±Ho$Vrb _wXV R>od {eëbH$)Balance with Other Bank (BVa ~±Ho$Vrb R>odr)(a)Nationalized Bank deposits (amï´>r`H¥$V ~±Ho$Vrb R>odr) (b)State & Central Coop. Bank Deposits (amÁ` Am{U {Oëhm ~±Ho$Vrb R>odr) (c) Other Banks Deposits ( BVa ~±Ho$Vrb _wXV R>odr)

1081885000.00

157200000.00 924000000.00

2163085000.00

1074100001.00

157200000.00 898500000.00

2129800001.00SCHEDULE -10 INVESTMENTS (Jw§VdUyH$)I In central & State Government Sesurities ( Ho§$Ð d amÁ` gaH$mar amoIo) (a) Face Value (_wi {H§$_V) Rs. 2210420000.00 (b) Market Value (~mOma {H§$_V) Rs. 2146473890.72 II In Other Approved Securities (BVa _mÝ`Vmàmá amoIo) III In Shares of Co-Operative institutions (ghH$mar g§ñWoMo ^mJ) IV In Debentures and bonds ( VmaU nÌ d amoIo)V Other(To Be specified) (BVa) Total (EHy$U) (I,II,III,IV&V)

2176678000.00

0.00 4750100.00

0.00 0.00

2181428100.00

2149998000.00

0.00 4750100.00

0.00 0.00

2154748100.00SCHEDULE -11 LOANS & ADVANCES (H$O©o d A{J«_)A) SHORT TERM LOANS (Aën _wXVr H$Oo©)1) Secured Loans (gwa{jV H$Oo©) Out of which Overdue Loans (n¡H$s WH$sV H$Oo© ) Bad & Doubtful NPA (g§e{`V, ~wS>rV H$Oo©)2) Unsecured Loans ( Agwa{jV H$Oo©) Out of which Overdue Loans (n¡H$s WH$sV H$Oo© ) Bad & Doubtful NPA (g§e{`V, ~wS>rV H$Oo©)

3603234328.70

478873005.67 220595686.10

17238187.00 15965684.00

2928917.003620472515.70

2651731953.72

356280555.34 202341974.60

28121282.34 6942646.34 1854738.34

2679853236.06B) MEDIUM TERM LOANS (_Ü`_ _wXVr H$Oo©)1) Secured Loans (gwa{jV H$Oo©) Out of which Overdue Loans (n¡H$s WH$sV H$Oo© ) Bad & Doubtful NPA (g§e{`V, ~wS>rV H$Oo©)2) Unsecured Loans ( Agwa{jV H$Oo©) Out of which Overdue Loans (n¡H$s WH$sV H$Oo© ) Bad & Doubtful NPA (g§e{`V, ~wS>rV H$Oo©)

1732432937.42

129224627.39 205966240.78

36210447.34 8436488.34 5360168.34

1768643384.76

2309368288.21

187373503.74 255013593.73

22694996.00 10885403.00 11132595.00

2332063284.21C) LONG TERM LOANS (XrK© _wXVr H$Oo©)1) Secured Loans (gwa{jV H$Oo©) Out of which Overdue Loans (n¡H$s WH$sV H$Oo© ) Bad & Doubtful NPA (g§e{`V, ~wS>rV H$Oo©)2) Unsecured Loans ( Agwa{jV H$Oo©) Out of which Overdue Loans (n¡H$s WH$sV H$Oo© ) Bad & Doubtful NPA (g§e{`V, ~wS>rV H$Oo©)

1581271609.14

292551139.54 393023854.46

0.00 0.00 0.00

1581271609.14

804011333.72 197614862.22 265537485.60

0.00 0.00 0.00

804011333.726970387509.60 5815927853.99

14


SCHEDuLE (n{a{eï> ) 31.03.2015 31.03.2014

SCHEDULE -12 FIXED ASSETS(_mb_Îmm)

I Premises (O_rZ d B_maV) Opening WDV at the beginning of the Year (+) Addition During the Year (-) Deduction During the Year (-) Deprciation During the Year Closing WDV at the End of the Year II All Other assets (Dead Stock, Furniture, Vehincle, Computer Liabrary Etc.) Opening WDV at the beginning of the Year (+) Addition During the Year (-) Deduction During the Year (-) Deprciation During the Year Closing WDV at the End of the YearTOTAL FIXED ASSETS

8366192.308371496.00 1608303.00 1172284.00

13957101.30

30400361.18 20673410.00

93344.30 10349087.13 40631339.75

54588441.05

7906279.30 4551131.00

00.00 4091218.00 8366192.30

24291720.94 15086885.00

17069.00 8961175.76

30400361.18

38766553.48SCHEDULE -13 OTHER ASSETS (BVa òUo)Court Expenses Recelvable (H$moQ>© IM© òUo) Adhesive Stamp (A°S>o{gìh ñQ>±n)Telephone & MSEB Deposit (Vma d {dÚwV _§S>i R>od)Prepaid Insurance (nwd©XÎm {d_m)Builiding Rent Advance (B_maV ^mS>o A{J«_)Locker Rent Receivable (bm°H$a ^mS>o òUo)Court Decision Fees (H$moQ>© {S>erOZ a¸$_ òUo)Premium on HTM Securitied A/c({n«_r`_ EM.Q>r.E_. amoIo)Sundry Debtors ({H$aH$moi òUo)Printing Stationary Stock (N>nmB© ñQ>m°H$)Computer Stationery Stock ( g§JUH$ N>nmB© ñQ>m°H$)Income Tax Receivable (Am`H$a òUo)DD Payable- Receivble ( S>rS>r noò~b òUo)Clearing Adjustment ( {ŠbAqaJ A°S>OoñQ>_o§Q>)

0.00 275250.00168750.00103550.00

1000000.003600.00

470000.000.00

9109068.002877036.86

73530.0019131515.70

0.000.00

7782.95239390.00168750.00109013.00

1150264.004300.00

470000.000.00

1071405.002096133.67

30915.0019188659.70

2974576.47881030.00

TOTAL 33212300.56 28392219.79

15


CASH FLOW STATEMENT FOR THE YEAR ENDED ON 31ST MARCH 201531st March 2015

(Current Year)31st March 2014

(Previous Year)CASH FLOW FROM OPERATING ACTIVITIES

Net Profit as per Profit & Loss Account Adjustment forDepreciationPremium on HTM securityLoss on sale of investment Investment Depreciation fundInvestment flucation fundIncome Tax Current YearBad & Doubtful Debt ProvisionProfit On sale of assets

Adjustment forIncrease/(Decrease) DepositsIncrease/(Decrease) BorrowingsIncrease/(Decrease) Other Liabilities(Increase)/Decrease Investment (Increase)/Decrease Loans & Advances (Increase)/Decrease Other AssetsIncom Tax Current Year

172944489

1152137100

3370000013550000

11844049214900000

-349626

11386538080

3966440-26680000

-1154459656-4820081

-118440492

150120730

131556233225924

09999600

35039701113420612

15100000-53251

958587250-100000000

12227214-171040000-288259438

-27546403-113420612

Net Cash Flow from Operating Activities - A 202926746 610556951CASH FLOW FROM INVETING ACTIVITIES Increase/(Decrease) Fixed Assets (Net) -27343259 -19670925Net Cash Flow form investing activities -B -27343259 -19670925CASH FLOW FROM FINANCING ACTIVITIES Share Capital Reserve Fund Dividend

48259100244204

-29623148

36552100168376

-2195334Cash FLOW FROM fINANCING ACTIVITIES - C 18880156 34525142Net Increase In Cash Flows (A+B+C) 194463643 625411167Cash & Cash Equivalent at the begininning of the year Cash & Cash Equivalent at the end of the Year Cash in Hand Bank Balance in current Accounts Bank Balance in Term Deposits

24894495402683913183

133821052387007131

2163085000

18640383732489449540

125238990234910549

2129300001Total Cash & Cash Equivalent At the end of the Year 2683913183 2489449540

1-The above Cash flow Statement Has Been Compiled from and in based on the Balance Sheet as at March 31,2015 and the related Profit and Loss Statement for the year ended on that date. 2- The above cash flow statement has been prepared under the indirect method as set out in the Accounting Standard. 3- On Cash Flow Statement as given by ICAI

Cheif Officer General Manager General Manager As per our Report of Even date N.R. Waghchaure & AssociatesDirector Vice- Chairman Chairman Chartered Accountants, Solapur

16


SIGNIFICANT ACCOUNTING POLICIES AND NOTES FORMING PART OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES :

1. BASIS OF PREPARATION : The financial statements of the Bank have been prepared in accordance with

the generally accepted accounting principles in India. The Bank has prepared these financial statements to comply in all material respects with the accounting standards issued by the Institute of Chartered Accountants of India, to the extent applicable, and applicable statutory provisions under the Banking Regulation Act, 1949, & Multi State Co-operative Societies Act, 2002.

The financial statements have been prepared following the going concern concept on an accrual basis, unless otherwise stated, under the historical cost convention.

The accounting policies adopted in the current year are consistent with those of the previous year.

2. USES OF ESTIMATES : The presentation of financial statements are in conformity with generally accepted

accounting principles, requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and other disclosure of contingent liabilities at the end of the reporting period. Although these estimates are based on management’s best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in the future periods.

3. REVENUE RECOGNITION (AS - 9):Income is accounted on accrual basis as and when it is earned except for :a) The income on Non-Performing Assets is recognized on realization, as per RBI

directives.b) Interest on fixed income securities and fixed deposits with banks is recognized

on accrual basis in case it is serviced regularly.c) Commission, exchange, locker rent, processing fees, insurance commission,

dividends on shares of co-operative institutions and mutual funds are accounted on receipt basis.

17


d) Profit on trading on mutual fund in liquid cash plan is accounted for on receipt basis.

4. ADVANCES :

a) The classification of advances into Standard, Sub-standard, Doubtful and Loss assets as well as provisioning on Standard Assets and Non-Performing Advances has been arrived at in accordance with the Income Recognition, Assets Classification and Provisioning Norms prescribed by the RBI from time to time till date.

b) The unrealized interest in respect of advances classified as Non-Performing Assets is disclosed as “Overdue Interest Reserve” as per RBI directives.

5. FIXED ASSETS :

a) Fixed assets are stated at cost, net of accumulated depreciation. Cost comprises of purchase price, borrowing cost, if eligible, and cost of bringing the asset to its working condition for intended use. Any discount, rebates are deducted in arriving at the purchase price.

b) Gains or losses arising from sale of asset are recognized in the profit and loss account.

6. DEPRECIATION ON FIXED ASSETS :

a) Depreciation on fixed assets is calculated on straight line method. Depreciation on premises is calculated considering the remaining useful life of the said premises.

b) Depreciation on fixed assets is charged at the rates considered appropriate by the management. The rate of depreciation is as under :

ParticularsBuildingWooden ItemsVehiclesComputersIron and Steel itemsElectronic & Electric itemsPlastic items

Method of DepreciationStraight LineStraight LineStraight LineStraight LineStraight LineStraight LineStraight Line

Rate of Depreciation10 %10%30%33.33%5%30%20%

18


c) Depreciation on assets purchased or sold during the year is charged on the basis of number of days used.

7. INVESTMENTS :

a) Investments other than in those held against term deposits with banks / institutions, mutual funds, shares of co-operative institutions are classified into Held to Maturity (HTM), Available For Sale (AFS) and Held For Trading (HTF) categories in accordance with RBI guidelines.

b) Investments under HTM category are carried at book value. Premium paid, if any, is amortized over the residual life of the particular security.

c) Investments under AFS category are valued scrip-wise at lower of cost or market value. Net depreciation, if any, under each classification has been provided for. Net appreciation, if any, has been ignored.

d) Investments under HTF category have been marked to market. Net depreciation, if any, under each classification has been provided for. Net appreciation, if any, has been ignored.

e) Market value in the case of Govt. and Other Securities, for which quotes are not available, is determined on the basis of Yield to Maturity (YTM) method as indicated by Primary Dealers Association of India (PDAI) jointly with Fixed Income And Money Market Derivatives Association of India (FIMMDA).

f) Shares of Co-operative Societies, investment in mutual fund liquid cash plan and fixed deposits with banks, are held at cost.

8. FOREIGN EXCHANGE TRANSACTIONS :

There are no foreign exchange transactions made by the Bank.

9. EMPLOYEE BENEFITS (AS - 15) :

a) The retirement benefits in the form of Provident Fund are a defined contribution scheme. The contributions to the provident fund are charged to profit and loss account for the year on cash basis.

b) Bank is paying premium under Group Gratuity Scheme of LIC of India for payment of gratuity as part of retirement benefit to the employees. The premium is accounted on cash basis.

19


10. TAXES ON INCOME : Tax expense comprises only current taxes.11. SEGMENT REPORTING (AS - 17) :

a) As per the RBI guidelines, segment reporting is made as under :i) Treasury Operations includes all investment portfolio, profit/loss on sale of

investments and money market transactions. The expenses of the segment consist of interest expenses on funds borrowed from external sources as well as internal sources and depreciation/amortization of premium on HTM category.

ii) Other Banking Operations include all other operations not covered under Treasury Operations.

b) The Bank’s operating businesses are organized and managed separately according to the nature of the services provided, with each segment representing a different business unit.

c) Income and expenses in relation to the segments categorized based on the items that are individually identifiable to the segments.

d) Deposits, Interest paid / payable on deposits, Borrowings and interest paid / payable on Borrowings are allocated in the ratio of average investments to average advances in the segments Treasury and Forex and Other Banking Operations, respectively.

e) Unallocated expenses include general corporate income and expense items which are not allocated to any business segment.

B. Notes Forming part of Accounts : 1. Appropriation of Profit :

The Bank had been following the practice of accounting for the appropriation of the profits of the respective year in the subsequent financial year after their approval at the Annual General Meeting. The effects of these appropriations were thus included in the Financial Statements of the next financial year.

2. Prior Period Items (AS - 5) :

There are no items of significance in the prior period account requiring disclosure.

3. Segment Reporting :

20


Particulars Treasury Other Operations Total2013-14 2014-15 2013-14 2014-15 2013-14 2014-15Revenue 3013 3500 8538 9334 11550 12834Segment Cost 2864 3306 6051 6615 8915 9921Result 149 194 2487 2719 2635 2913Less Extraordinary Items 0 0 0 0 0 0Net Result 149 194 2487 2719 2635 2913Less Unallocated Provisions and contingencies

0 0 0 0 0 0

Profit Before Tax 149 194 2487 2719 2635 2913Income Tax 1134 1184Net Profit 149 2487 1501 1729Other informationSegment Assets 43833 44338 66230 79912 110062 124250Unallocated Assets 192 191Total Assets 43833 44338 66230 79912 110062 124250Segment Liabilities 36878 42311 63930 72292 100808 114603Unallocated Liabilities 9446 9838Total Liabilities 36878 42311 63930 72292 110254 124441

The Bank is catering only to the needs of India customers, operates as a single unit in India, hence separate information regarding geographical segment is not given.

The above segments are reported considering the nature of products/services and their attributable risks/returns, overall organizational structure and the internal management reporting system of the Bank.

4. Related Party Disclosure :

The Bank is a co-operative society under the Multi State Co-operative Societies Act, 2002 and hence there are no related parties requiring a disclosure under Accounting Standard 18, issued by The Institute of Chartered Accountants of India.

21


5. Earning Per Share :

Particulars 2014-15 2013-14Net Profit after Tax attributable to Equity Shareholders (before appropriation) (in Lakhs)

1729.44 1501.21

Average number of equity shares outstanding during the period (Actual)

4268772 3603421

Basic and Diluted Earnings Per Share (in Rs.) 40.51 41.66Nominal Value per Share 100 100

6. Impairment of Assets :

The Bank has ascertained that there is no material impairment of any of its assets and as such no provision under Accounting Standard 28 on Impairment of Assets issued by the ICAI, is required.

7. Provisions, Contingent Liabilities and Contingent Assets :

Contingent Liabilities on account of Bank Guarantees, Letter of Credit, Forward Contract and Bills under Import LCs are as follows : (Rs. in Lakhs)

Particulars 2014-15 2013-14

Bank Gurantees 1425 1737Letters of Credit 0 0Other Contingent Liabilities 0 0Total 1425 1737

8. Development Fund :

This fund is created for the purpose of development to be undertaken in view of major expansion program proposed in the next 3 years, as a consequence of present liberalized norms of RBI for opening of branches and extension counters by Urban Co-operative Banks. Bank has created building fund and core banking system fund.

9. Previous years figures have been re-grouped / re-arranged wherever necessary to conform to the presentation of the accounts of the current year.

22


C. Disclosure as per RBI Guidelines: Based on information prior to audit (Rs. In Lacs)

Sr.No. Particulare 31.03.2015 31.03.20141 Capital to Risk Asset Ratio (CRAR)

Capital Tier 1Capital Tier 2Total of Tier 1 and Tier 2 CapitalTotal Risk Weighted AssetsCapital to Risk Assets Ratio

11524.491800.00

13324.4969021.62

19.30%

9871.461364.50

11235.9656385.91

19.93%2 Value of Investments are as under:

Government/Approved Securities-(SLR)a) PERMANENT CATEGORY (HTM) Face Value Book Value Market Value

20804.2020523.7320133.60

21499.9821804.2019537.61

3 COMPOSITION OF NON-SLR INVESTMENTS (Rs in Lacs)

Sr. No. Issuer Amount

Extent of ’ be-low Investment grade’ Securities

Extent of ‘un-rated securities’

Extent of ‘unlist-ed securities’

1 PSUs 0.00 0.00 0.00 0.00

2 FLs (Shares Of DCCB & MSCB & SDIC Bank

0.00 0.00 0.00 0.00

3 Public and Private Bank

0.00 0.00 0.00 0.00

4 Others 0.00 0.00 0.00 0.00

5 Provision held towards deprecia-tion

47.50 0.00 0.00 0.00

Total 47.50 0.00 0.00 0.00

23


4 NON-PERFORMING NON-SLR INVESTMENTS (Rs in lacs)

Particulars AmountA Opening Balance 47.50B Additions during the year since April 0.00C Reductions during the above period 0.00D Closing Balance 47.50E Total Provisions held 47.50

31.03.2015 31.03.20145 Advances against Real Estate, Construction Business, Housing

Real EstateConstruction BusinessHousing

6962.952929.881386.26

4152.505294.521774.05

6 Advances against Shares and Debentures 0.00 0.007 Advance to Directors, their relatives and Companies/ Firms

in which they are interestedFund BasedNon Fund Based

25.800.00

9.630.00

8 Average cost of Deposits 8.28 % 8.08 %9 NPAs

a)Gross NPAsb)Non-Performing Investmentsc)Net NPAs

8278.7547.50

1435.72

7358.8047.50

639.8710 Movement in NPA

Gross NPA Opening Balance Add: Additions during the year Less: Closed/Recovered/Written Off Closing Balance

7358.805471.924551.978278.75

6397.136742.395780.727358.80

24


11 Profitabilitya)Interest income as a percentage of working fundsb)Non-interest income as a percentage of working fundsc)Operating profit as a percentage of working fundsd)Return on Assets (Net Profit/Average of working funds)e)Business (Deposits+Advances) per employeef)Profit per employee

10.39 %0.36 %2.96 %

10.33 %522.79 %

5.46 %

10.64 %0.23 %1.98 %

10.60 %417.34 %

4.39 %12 Provisions made towards NPAs, depreciation in invest-

ments, Standard Assets901.39

13 Movement in provisionsA. Towards NPAs Opening Balance Add: Additions during the year Fresh Provisons Less: - Closed/Recovered/Written-Off Closing Balance

6351149.00

0.006500

6200.00151.00

0.006351.00

B. Towards Standard Assets Opening Balance Add: Additions during the year Closing Balance

300.000.00

300.00

300.000.00

300.00C. Towards Depreciation on Investments Opening Balance Add: Additions during the year (on account of merger) Closing Balance

930.00

337.001267.00

830.00

100.00930.00

14 Foreign Currency AssetsForeign Currency Liabilities

0.000.00

0.000.00

15 Payment of DICGC Insurance Premium 99.89 86.8516 Penalty imposed by RBI: 0.00 0.00

25


17. RESTRUCTURED ACCOUNTS:

Housing Lone

SME Debt Restructuring Other

Standard Advances

Restructured

Number Of Borrower 0.00 0.00 0.00Amount Outstanding 0.00 0.00 0.00

Sacrifice (diminution in the fair value) 0.00 0.00 0.00

Sub-Standard Advances

Restructured

Number Of Borrower 0.00 0.00 0.00Amount Outstanding 0.00 0.00 0.00Sacrifice (diminution in the fair value) 0.00 0.00 0.00

Doubtful Advances

Restructured


Total


18 FIXED ASSETS – Valuation/Revaluation

31.03.2015 31.03.2014Revaluation 0.00 0.00

19 There were no Repo/Reverse Repo Transactions during the year.


As per our Report of Even date attached For N.R. Waghchaure & AssociatesDirector Vice- Chairman Chairman Chartered Accountants, Solapur

26


gmb gZ 2014-2015 `m dfm©À`m A§XmOnÌH$mnojm OmñV Pmbobm IM©

Sr.No. A.H«>>.

PARTICULARS ({ddaU) Expected Bud. Ano{jV IM©

2014-15

Actual Expences àË`j IM© 2014-15

Expected Over Budget A§XmO

nÌH$mnojm OmXm Pmbobm IM© 2014-15

1 Pigmy Agent Commission {n½_r EO§Q> H$_reZ IM© 24000000.00 27106889.00 3106889.00

2 Insurance Expenses {d_m IM© 100000.00 109013.00 9013.00

3 BSNL -MPLS Lease Ling Exp. BSNL -MPLS {bObmB©Z IM© 0.00 3184524.00 3184524.00

4 Stationery Printing Exp. ñQ>oeZar/{àQ>tJ IM© 1000000.00 1456754.14 456754.14

5 Co-Op.Society Subscription ghH$mar g§ñWm dJ©Ur 200000.00 226566.00 26566.00

6 Jeep Repair/ Insurance Expenses Orn XwéñVr/{d_m IM© 100000.00 176386.00 76386.00

7Monthly/ Annual General Body Meeting Exp. _mgrH$ d dm{f©H$ gd©gmYmaU g^m IM©

1500000.00 1785496.00 285496.00

8 Investment Depreciation Jw§VdUyH$ Kgmam 20000000.00 33700000.00 13700000.00

EHy$U 46900000.00 67745628.14 20845628.14

27


BUDGET FOR THE YEAR -2015-2016A§XmOnÌH$ 2015-2016

Sr.No. A.H«>>.

PARTICULARS ({ddaU)

Expected Income Ano{jV CËnÞ 2014-15

Actual Income àË`j CËnÞ 2014-15

Expected Income Ano{jV CËnÞ 2015-16

1 Interest Received on Loan H$Om©da {_imbobo ì`mO 950000000.00 905558376.98 1100000000.00

2 Interest Received On Investment Jw§VdUwH$sda {_imbobo ì`mO 400000000.00 350031067.96 400000000.00

1350000000.00 1255589444.94 1500000000.00

3 Commissin H$_reZ 4000000.00 3513007.32 4000000.00

4 Other Income BVa CËnÞ / àmogog 16000000.00 18310352.80 19000000.00

20000000.00 21823360.12 23000000.00

5 Locker Rent Received bm°H$a ^mS>o 1160000.00 1268100.00 1300000.00

6 Bulding Rent Received B_maV ^mS>o 60000.00 12072.00 25000.00

7 Insurance Agency Commission {d_m EOÝgr H${_eZ 4500000.00 4350000.00 4500000.00

8 Profit on Sale of Dedstock _mb_Îmm {dH«>>rVrb Z\$m 100000.00 349625.70 200000.00

5820000.00 5979797.70 6025000.00

EHy$U 1375820000.00 1283392602.76 1529025000.00

28


BUDGET FOR THE YEAR -2015-2016A§XmOnÌH$ 2015-2016

Sr.No. A.H«>>.

PARTICULARS ({ddaU)

Expected Budget Ano{jV IM© 2014-15

Actual Expenses àË`j IM© 2014-15


1

2

3

Interest Prid On Deposit (with DICGC) R>odrda {Xbobo ì`mO, R>od {d_mgh

Pigmy Agent Commission {n½_r EO§ÝQ> H${_eZ

Interest Paid On Borrowings H$Om©da {Xbobo ì`mO

750000000.00

24000000.00

5000000.00

707979083.11

27106889.00

44283.00

850000000.00

30000000.00

2500000.00

779000000.00 735130255.11 882500000.004 Staff Salary, Travelling & Other Allowances

H$_©Mmar nJma, àdmg, ^Îmo d BVa IM©

175000000.00 147964572.50 175000000.00

175000000.00 147964572.50 175000000.005

6

Board Of Director’s Metting Exp g§MmbH$ _§S>i {_Q>tJ IM©

Board Of Director’s Travelling & OtherExp g§MmbH$ _§S>i àdmg d BVa IM©

300000.00

800000.00

98944.00

320318.50

300000.00

800000.00

1100000.00 419262.50 1100000.007 Audit Fees & Internal Audit Fees

Am°S>rQ> \$rg Am{U A§VJ©V VnmgUr \$r

3000000.00 2500000.00 3000000.00

3000000.00 2500000.00 3000000.0089

10

11

Building Rant B_maV ^mS>o IM© Insurance ExPenses {d_m IM© Municipal Tax, Professional Tax & Other Tex ZJanm{bH$m ì`dgm` H$a d BVa H$aElectric Bill Exp. {Xdm~Îmr IM©

6000000.00100000.00

1000000.00

3500000.00

3686221.12109013.00768326.00

3371812.00

6000000.00110000.00

1000000.00

4000000.0010600000.00 7935372.12 11110000.00

12 Legal Advisor’s Fees H$m`Xoera gëbm \$rg IM© 1500000.00 1443656.00 2000000.001500000.00 1443656.00 2000000.00

1314

Telephone & Postage Exp.Q>obr\$moZ & Q>nmb IM©BSNL - MPLS Lease Line Exp. BSNL - MPLS {bObmB©Z IM©

2000000.000.00

1618007.733184524.00

2000000.004000000.00

2000000.00 4802531.73 6000000.001516

Stationery Printing Exp.ñQ>oeZar/{n«§Q>tJ IM© Advertisement Exp. Om{hamV IM©

1000000.00500000.00

1456754.14329440.00

1500000.00500000.00

1500000.00 1786194.14 2000000.00

29


Sr.No. A.H«>>.

PARTICULARS ({ddaU)


Actual Expenses àË`j IM© 2014-15


17

18

19

2021

Asset & Computer Depreciation _mb_Îmm d g§JUH$ PrOComputer Repair Exp. g§JUH$ XwéñVr, gm°\$Q>doAa gh Building Repair/ A.C./Lift. Repair Exp. B_maV XwéñVr/ E.gr.XwéñVr/{bâQ> XwéñVr IM©U.P.S.Repair Exp. `w.nr.Eg. XwéñVr IM© A.T.M. Exp. E.Q>r.E_. IM©

15000000.00

10000000.00

2500000.00

500000.00200000.00

11521371.13

3544113.00

84758.00

300000.000.00

15000000.00

7500000.00

2500000.00

500000.00200000.00

28200000.00 15450242.13 25700000.0022 23

24

25

26

27

2829303132

3334

Co-op.Society Subcrip ghH$mar g§ñWm dJ©Ur© Monthly/ Annual General Body Meet-ing Exp _m{gH$ d dm{f©H$ gd©gmYmaU g^m IM©Jeep/Generator Diesel/Jeep Rent Exp. Orn/OZaoQ>a {S>Pob/ JmS>r ^mS>o gh.Jeep Repair/ Insurance Expenses Orn XwéñVr/ {d_m IM© Commission, Service Charges & Clear-ing H$_reZ d g{ìh©g MmOo©g& g_memoYZ IM© Premium On HTM Securities A/c {à_r`_ EM.Q>r.E_.amoITea & Other Expenses MhmnmZ d {H$aH$mi IM©News Paper Expenses d¥ÎmnÌ dJ©Ur IM©Eletion Expenses {ZdS>UyH$ IM©Accsidental Expenses AmH${ñ_V IM©Co-Op. Movement Study Tour Exp. ghH$ma Midi Aä`mg Xm¡amBranch Shifting Exp. emIm ñWbm§Va IM©Office Renovation Exp. Am°\$rg ZwVZrH$aU IM©

200000.001500000.00

1500000.00

100000.00

500000.00

2500000.00

6000000.0060000.00

500000.00200000.00150000.00

100000.005000000.00

226566.001785496.00

1450926.77

176386.00

263365.77

0.00

4516220.6057899.00

0.000.000.00

0.003948675.00

250000.002000000.00

2000000.00

300000.00

500000.00

2500000.00

6000000.0070000.00

5000000.00200000.00150000.00

100000.005000000.00

18310000.00 12425535.14 24070000.0035 National Calamity Provision. amï´>r` g§H$Q> {ZYr 500000.00 0.00 500000.00

500000.00 0.00 500000.00363738

3940

NPA BDDR Provision,NPAg§e{`V ~w{S>V VaVwX Investment Depreciation Jw§VdUyH$ KgmamInvestment Fluctuation Fund Jw§VdUyH$ MT>CVma {ZYrIncome Tax Expenses BÝH$_ Q>°Šg IM©Expected Profit Ano{jV Z\$m

25000000.0020000000.0020000000.00

130000000.00160110000.00

14900000.0033700000.0013550000.00

118440492.00172944489.39

30000000.0020000000.0020000000.00

135000000.00191045000.00

160110000.00 172944489.39 191045000.00Total EHw$U 1375820000.00 1283392602.76 1529025000.00

30


N.R. Waghchaure & Associates Nilkanth R. Waghchaure Chartered Accountants M.Com. F.C.A. 16-22, Royal Plaza, 1st Floor Murarji Peth, Solapur – 413001. Phone : 0217 – 2625054, 2623170

INDEPENDENT AUDITOR’S REPORTStatutory Auditor’s Report For The Year Ended 31st March 2015[Under Section 31 of the Banking Regulation Act, 1949 and Section 73(4) of Multi State Co-operative Societies Act, 2002 and Rule 27 of Multi State Co-operative Societies Rules] To, The Members, Osmanabad Janata Sahakari Bank Ltd. Osmanabad.Report on the Financial Statements We have audited the accompanying financial statements of OSMANABAD JANATA SAHAKARI BANK LIMITED (Hereinafter referred to as the “Bank”) which comprises the Balance Sheet as at 31st March, 2015, and the Profit and Loss Account and Cash Flow Statement for the year ended on that date, and a summary of notes on accounts and significant accounting policies and other explanatory information. These financial statements incorporate the returns of the head office and 30 branches audited by us. Management’s Responsibility for the Financial Statements Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Bank prepared in accordance with the Banking Regulation Act, 1949 and Multi State Co-operative Societies Act, 2002, guidelines issued by the Reserve Bank of India and accounting policies generally accepted in India including the accounting standards issued by the Institute of Chartered Accountants of India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

31


Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards of Auditing issued by The Institute of Chartered Accountants of India. Those Standards require that we comply with the ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risk of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Banks’ preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.Report on legal and regulatory requirements1. We have obtained all the information and explanations which, to the best of

our knowledge and belief, were necessary for the purpose of our audit.2. In our opinion proper books of accounts as required by the Multi State Co-

operative Societies Act, 2002 and Rules made there under, have been kept by the Bank, so far as appears from our examination of the books.

3. The Balance Sheet, Profit & Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account and returns.

4. As required by Section 30(3) of the Banking Regulation Act, 1949, the transactions of the Bank, which have come to our notice, have generally been within the powers of the Bank.

5. The returns received from the offices and branches of the Bank have been found adequate for the purposes of our audit.

6. The reports on the accounts of the branches audited by concurrent auditors have been dealt with in preparing our report in the manner considered necessary by us.

32


7. The Bank recognizes income from interest on Loans & Advances, Commission, Brokerage, leave encashment benefits, dividends & Locker Rent on cash basis which is in contravention of AS-09, “Revenue Recognition” which requires income to be recognized on accrual basis. The impact of the same, if any, on the Financial Statements cannot be ascertained.

8. The Bank has not disclosed the gross block of fixed assets and net block of fixed assets, as required to be disclosed in accordance with AS-10, “Accounting for Fixed Assets”.

9. The Bank has not disclosed total depreciation for each class of assets and related accumulated depreciation, as required to be disclosed in accordance with AS-6, “Depreciation Accounting”.

10. The Bank has not provided for the Deferred Tax Liability or Deferred Tax Asset, if any, as at 31st March 2015 as required by AS-22, “Accounting for Taxes on Income”. The impact of the same, if any, on the Financial Statements cannot be ascertained.

11. As required by Rule 27(2)(d) and (e) of the Multi State Co-operative Societies Rules 2002, subject to the audit memorandum annexed to this report, we report that :

a) In our opinion and according to the information and explanation given to us, there has been no material impropriety in the expenditure or in the realization of money due to the Bank.

b) In our opinion and according to the information and explanation given to us, the guidelines issued by Reserve Bank have generally been adhered to.

12. As required by Rule 27(3) of the Multi State Co-operative Societies Rules 2002, subject to the audit memorandum annexed to this report, we report on the matters specified in clause (a) to (f) of the said Rule to the extent applicable to the Bank :

a) During the course of our audit, we have not come across transactions which appear to be contrary to the provisions of the Act, the Rules or the Bye-laws of the Bank.

b) During the course of our audit, we have not come across transactions which appear to be contrary to the guidelines issued by the Reserve Bank of India.

33


c) The following monies due to the Bank appear to be doubtful of recovery against which provision of Rs. Lakhs is made in the accounts (Advances categorized as doubtful and loss assets as per prudential norms are considered as doubtful of recovery)

Category Outstanding BalanceDoubtful Assets 6546.16

Loss Assets 4.13 d) As per the information provided to us and to the best of our knowledge,

the following credit facilities have been sanctioned by the Bank to the members of the Board or their relatives :

Funds based outstanding Security value Overdues if any1563256 2580000 Nill

e) To the best of our knowledge, no other matters have been specified by the Central Registrar which requires reporting under these Rules.

Opinion In our opinion and to the best of our information and according to the explanations given to us and as shown by the books of account of the Bank, the said accounts subject to para 7 to 10 above, together with the notes thereon, subject to our comments and observations contained in the Audit Memorandum annexed to this Statutory Auditor’s Report and Long Form Audit Report, give the information required as per Multi State Co-operative Societies Act, 2002, and Rules made there under, in the manner so required, in conformity with the accounting principles generally accepted in India and give a true and fair view: i) in the case of the Balance Sheet, of the state of affairs of the Bank as at

31stMarch, 2015 ii) in the case of Profit and Loss Account, of the Profit for the year ended on

that date. iii) in the case of Cash Flow Statement, of the Cash Flow for the year ended on

that date.

For N.R. Waghchaure & Associates Place : Solapur Chartered Accountants Date : 12/08/2015 (N.R. Waghchaure) Proprietor M.No. 048890

34


OSMANABAD JANATA SAHAKARI BANK LTD. OSMANABAD (Multistate Co-Op. Bank)


ANNEXTURE ‘A’ n{a{eï> AName ot the Bank : OSMANABAd JANATA SAHAKARI BANK LTd.OSMANABAd (Multistate Co-op. Bank) ~±Ho$Mo Zm§d : Cñ_mZm~mX OZVm ghH$mar ~±H$ {b Cñ_mZm~mX(~hwamÁ`r`)Head Office : 24/28-30 24/33-38 Solapur Road Osmanabad 413501_w»` H$m`m©b` : 24/28-30 24/33-38 gmobmnya amoS>, Cñ_mZm~mX 413501Date & Registration No : : MSCS/CR/106/12-7-2000(30-9-1933 No 2865){XZm§H$ d Zmo§XUr H«>>_m§H$ : E_EggrEg/grAma/106/12-7-2000(30-9-1933 Z§. 2865)R.B.I. Licence No & Date : UBD/MH/464 P/30-06-86{aPìh© ~±Ho$À`m nadmZJrMr VmarI d H«>>_m§H$ : `w~rS>r/E_EM/464 nr/30-06-86Jurisdiction : Osmanabad, Latur, Solapur, Beed, Ahemadnager,Bidar (Karnataka State) H$m`©joÌ : Cñ_mZm~mX, bmVya, gmobmnya, ~rS>, Ah_XZJa, {~Xa(H$Zm©Q>H$ amÁ`)

No. Of Branches including H.O. emIm§Mr g§»`m(_w»` H$m`m©b`mg{hV) 31Membership g^mgX Regular {Z`{_V 71005

Nominal Borrower Zm__mÌ (H$O©Xma) 7206Paid up Share capital dgwb ^mJ ^m§S>db 4268.77Reserve EHw$U {ZYr 1) Reserve fund amIrd {ZYr 4516.11

2) Other Funds BVa {ZYr 3776.953) Reserve for bad & doubtful Debts g§e{`V d ~w{S>V H$O© {ZYr

6800.00

Deposits R>odr 1) Current Mmby R>odr 3411.212) Saving ~MV R>odr 22196.133) Fixed _wXV R>odr 70262.114) Other Doposits BVa R>odr 151.94

Loans & Advances H$O© 1) Secured gwa{jV 69169.402) Unsecured Agwa{jV 534.483) Priority AJ«H«>>_ 50726.294) Weaker Section Xw~©b KQ>H$ 11529.61

Borrowing KoVbobr H$O© 2.61Investment Jw§VdUwH$ 1) D.C.C.Bank {Oëhm _.g.~±H$m 1567.00

2) M.S.C. Bank _hm. amÁ` gh. ~±H$ 5.003) Govt. Securities JìhZ©_o§Q> {gŠ`w{aQ>r 21766.784) Other BVa 20106.85

NET NPA (Percentage) ({Zìdi EZßmrE à_mU) 2.28 %Profit Z\$m 1729.66Total Staff EHw$U H$_©Mmar 1) Other Staff BVa H$_©Mmar 252

2) Sub Staff MVwW© loUr H$_©Mmar 65Working Capital IoiVo ^m§S>db 12128.50

35


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Osmanabad Janata Sahakari Bank Ltd, Osmanabad - Multistate Co-Op. Bank · 2015. 10. 5. ·...

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Transcript of Osmanabad Janata Sahakari Bank Ltd, Osmanabad - Multistate Co-Op. Bank · 2015. 10. 5. ·...