-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
Cñ_mZm~mX OZVm ghH$mar ~±H$ {b; Cñ_mZm~mX(~hwamÁ`r` H$mo-Am°n.
~±H$)
_w»` H$m`m©b` : Cñ_mZm~mX 413501
dm{f©H$ gd©gmYmaU g^oMr ZmoQ>rg(\$º$ ~±Ho$À`m
g^mgXm§gmR>r)
~±Ho$À`m gd© g^mgXm§Zm gy{MV H$aÊ`mV `oVo H$s, ~±Ho$Mr 71 dr
dmfr©H$ gd©gmYaU g^m 24/09/2015 amoOr R>rH$ Xwnmar 01.00 dmOVm
~±Ho$Mo AÜ`j _m.lr. {~«Obmb gXmgwI _moXmUr `m§Mo AÜ`jVoImbr
Cñ_mZm~mX `oWo Imbrb {df`mda {dMma{d{Z_` H$aÊ`mH${aVm Am`mo{OV
Ho$br Amho. Var gd© g^mgXm§Zr g^og doioda Cn{ñWV ahmdo, hr
{dZ§Vr.
g^oMo ñWio : lr g§V kmZoída _§Xra g^mJ¥h, Cñ_mZm~mX
* g^onwT>rb {df` *1) _mJrb {XZm§H$ 17/09/2014 amoOr Pmboë`m
dm{f©H$ gd©gmYmaU g^oMo
B{Vd¥Îm dmMyZ H$m`_ H$aUo. 2) {XZm§H$ 31/03/2015 AIoa g§nUmè`m
dfm©Mm gmXa Ho$bobm Ahdmb,
Vmio~§X d Z\$m-VmoQ>m nÌH$ {ñdH$maUo. 3) gmb gZ 2014-15 À`m
Z\$m dmQ>Urg _mÝ`Vm XoUo. 4) gmb 2014-2015 À`m gmbmV
A§XmOnÌH$mnojm H$_r- OmñV
Pmboë`m IMm©g _§Owar XoUo. 5) g§MmbH$ _§S>imZo gw{Mdboë`m gZ
2015-2016 gmbÀ`m
A§XmOnÌH$mg _§Owar XoUo. 6) gZ 2014 AIoa boIm- narjU Xmof-
XwéñVr AhdmbmMr
Zmo§X KoUo d 2014-2015 AIoa boIm- narjU AhdmbmMr Zmo§X KoUo.
7) gmb gZ 2014-2015 _Ü`o EH$ a¸$_r H$O© naV\o$S> d
VS>OmoS> `moOZoV§J©V {Xbobr gwQ> `mMr Zmo§X KoUo.
8) g§MmbH$ d _w»` H$m`©H$mar A{YH$mar `m§Mo ZmVodmB©H$ H$_©Mmar
`m§À`m `mXrMo AdbmoH$Z H$aUo~m~V.
9) gmb gZ 2015-2016 H$arVm d¡YmZrH$ VnmgUrMr Zo_UwH$
H$aUo~m~V.
10) nmoQ>{Z`_ XwéñVr~m~V _mÝ`Vm XoUo~m~V. 11) EoZdoir `oUmè`m
{df`m§da MMm© H$ê$Z {ZU©` KoUo.
ñWi : Cñ_mZm~mX _m. g§MmbH$ _§S>imÀ`m AmXoemdê$Z
{XZm§H$ : 8/9/2015 gaì`dñWmnH$ Cñ_mZm~mX OZVm ghH$mar ~±H$ {b.
Cñ_mZm~mX
{Q>n :
1) JUg§»`oÀ`m A^mdr g^m VhHw$~ Pmë`mg gXa g^m R>aboë`m
{R>H$mUrM EH$ VmgmZ§Va KoÊ`mV `oB©b. Ë`m g^og JUg§»`oMr
Amdí`H$Vm amhUma Zmhr.
2) g^mgXm§Zr dm{f©H$ gd©gmYmaU g^og `oVmZm Amnë`m AhdmbmMr àV
gmo~V AmUUo Amdí`H$ Amho.
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
Cñ_mZm~mX OZVm ghH$mar ~±H$ {b; Cñ_mZm~mX(~hwamÁ`r` H$mo-Am°n.
~±H$)
_w»` H$m`m©b` : Cñ_mZm~mX 413501
71 dm dm{f©H$ Ahdmb
gÝ_mZZr` g^mgX ~§Yw ^{JZtZmo,
~±Ho$À`m 71 ì`m dm{f©H$ gd©gmYmaU g^og Cn{ñWV gd©
gÝ_mZZr` g^mgXm§Mo _r _Z:nwd©H$ ñdmJV H$aVmo. AmnUm gdmªMm
~±Ho$da Agbobm {dídmg gmW© R>a{dÊ`mgmR>r g§MmbH$
_§S>imZo
OmUrnwd©H$ Ho$boë`m à`ËZmg AmnU gdmªZr ghH$m`© Ho$bo `mMm
_bm
gmW© A{^_mZ dmQ>Vmo.
g§MmbH$ _§S>imÀ`m `m à`ËZm_wioM Amnbr ~±H$ gbJ Mma
dfmªÀ`m
H$mimV Zâ`mV Amho d `m Am{W©H$ dfm©Vhr Zâ`mV Amho. ~±Ho$Mr
àJVr `mnwT>rb H$mimVhr AerM amhrb Agm Amåhmbm R>m_
{dídmg
Amho. AmnU gd©R>odrXma, ImVoXma, {hV{M§VH$ d ~±Ho$À`m
H$_©Mmè`m§Zr
~±Ho$à{V Omo {dídmg, ào_, ghH$m`© {Xë`m_wioM Amnbr ~±H$
ImVoXma,
J«mhH$m§Zm Mm§Jbr d ObX godm CnbãY H$ê$Z XoÊ`mgmR>r H$moAa
~±H$tJ
àUmbr H$m`m©ÝdrV Ho$bobr Amho. Vwåhr gdmªMo AgoM ghH$m`©
`mnwT>ohr
A~m{YV amhrb, Aer Anojm _r ì`º$ H$aVmo.
H$O© dgwbrÀ`m g§X^m©V gdmªZr ghH$m`© {Xë`m_wio ~±Ho$Mm {Zìdi
EZ.nr.E. H$_r åhUOo 2.28% Pmbobm Amho. `mnwT>ohr dgwbrg
gd©
g^mgXm§Zr AgoM ghH$m`© H$amdo, hr {dZ§Vr
lÕm§Obr : -
Ahdmb dfm©V ~±Ho$Mo g^mgX, J«mhH$, {hV{M§VH$ Ë`mà_mUo
amï´>r`-Am§Vaamï´>r` H$sVrªÀ`m Wmoa {d^wVr, ehrX Pmbobo
OdmZ
ho n§MVËdmV {dbrZ Pmbo, Ë`m§À`m n{dÌ ñ_¥Vrg Am_Mr ^mdnyU©
lÕm§Obr.
Ahdmb gmbmVrb ~±Ho$À`m ì`dhmamMr d¡{eîQço :-
gZ 2014-15 _Ü`o ~±Ho$Mm EHy$U ì`dhma é. 1657 H$moQ>rnojm
A{YH$ Pmbobm Amho. _mJrb dfm©À`m ~±H$tJ ì`dgm`mV 15.91%
dmT>
Osmanabad Janata Sahakari Bank Ltd; Osmanabad (Multistate Co-Op.
Bank)
Head Office: - Osmanabad – 413501
71th Annual Report
Hon’ble Members Brothers and Sisters,
I Cordially welcome all the Hon’ble Members present for the 71th
annual general body meeting of the bank. I have proud for Co-
operation of all members to Board of directors in their conscious
effort for fulfilling your faith over the bank
Our bank, due to the conscious effort of Board of Director, is
in profit last three years consecutively and also is in profit in
the financial year. I have confidence that growth of our bank will
remain the same in future, Our bank, due to the faith, Love,
co-operation which is given by the members, depositors, account
holders, well wishers and employees of the bank, has started the
core banking system to make available better and faster banking
service to our member, consumers, I hope the same co-operation of
all you remain forever in future.
The NPA of bank reduced up to 2.28% due to eh co-operation in
regard to the recovery of loans. I hereby request to all of you to
same co-operation be given in future.
Obituary: -We pay homage to those members, customers, well
wishers, as well as the great personalities with national and
international repute and the soldiers-martyrs who lost their lives
during the year of this Annual Report.
Performance/ Highlight of bank business in the financial year –
2014-2015
In the year 2014-2015 business of the bank in more than Rs. 1657
core. In comparison to financial year 2012-
02
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
Pmbobr Amho. Mmby d ~MV R>odr (casa) é. 256.07 H$moQ>r
AmhoV.
Ahdmb gmbmV ~±Ho$Zo 17.30 H$moQ>r Z\$m {_idbm Amho.
AZw H«>>.
Vnerbén`o 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
~±Ho$Mo A{YH¥$V ̂ mJ- ̂ m§S>db é. 50.00 H$moQ>r AgyZ ,
{XZm§H$ 31
_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>
Pmbr. dfm©AIoa g^mgX g§»`oV 1200 Zo dmT> hmoD$Z g^mgX
g§»`m
71005 BVH$s Pmbr Amho. åhUOoM g^mgX g§»`oV 1.72 % Zo dmT>
Pmbr Amho.
{ZYr : -
~±Ho$Mm {ZYr ho ~±Ho$À`m Am{W©H$ gwX¥T>VoMo d ñW¡`m©Mo
_moO_mn Amho.
{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_Ü`o 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$Mr
Jw§VdUyH$ én`o 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 ^abobm Amho. Ahdmb dfm©V R>odr_Ü`o
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
H$Oo© :-
gwédmVrbnmgyZ AmOn`ªV ~±Ho$Zo CÚmoOH$m§Zm, bKwCÚmoOH$m§Zm,
eoVH$è`m§Zm d g_mOmVrb bhmZ-_moRçm ì`mnmè`m§Zm, H$_Hw$dV d
JaOw KQ>H$m§Zm H$O© dmQ>n Ho$bo Amho. {X. 31.03.2014 AIoa
H$O©
dmQ>n én`o 581.59 H$moQ>r BVHo$ hmoVo. 31.03.2015 amoOr
g§nUmè`m
Am{W©H$ df©AIoa ~±Ho$Zo 697.04 H$moQ>r BVHo$ H$O© dmQ>n
Ho$bo Amho.
H$Om©V é. 115 H$moQ>rZo dmT> Pmbr Amho. {aPìh© ~±Ho$À`m
YmoaUmZwgma
AJ«H«>>_ joÌmV 72.77 d Xw~©b KQ>H$m§Zm 22.73 % H$O©
dmQ>n Ho$bo
Amho.
WH$~mH$s :-
~±Ho$À`m àJVr_Ü`o dmT>Vr WH$~mH$s gdm©V _moR>r ~mYm
R>ê$ eH$Vo.
Amnë`m ~±Ho$Zo WH$~mH$s dgwbrÀ`m H$m_mg àW_ àmYmÝ` {Xbo AgyZ
Ë`mX¥ï>rZo ~±Ho$Mo dgwbr A{YH$mar, BVa A{YH$mar d
H$_©MmardJ©
à`ËZerb AmhoVM, _mÌ Am_À`m à`ËZm§Zm g^mgXm§À`m ghH$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$S>rb `oUo
Agboë`m
WH$sV H$Om©Mm d ì`mOmMm ~±Ho$V doioda ^aUm H$ê$Z `mnwT>ohr
ghH$m`©
H$amdo. g^mgXm§Zr H$O© dgwbrg ghH$m`© Ho$ë`mg d doioda H$O©
naV\o$S> Ho$ë`mg ~±Ho$Mr Am{W©H$ {ñWVr `mhrnojm OmñV _O~wV
hmoB©b.
Z\$m :-
gmb gZ 2014-2015 _Ü`o Am{W©H$ n{a{ñWVr MT>CVmamMr
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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$br
Amho.
YÝ`dmX!
{df` H«>>. 1 - _mJrb {XZm§H$ 17/9/2014 amoOr Pmboë`m
dm{f©H$ gd©gmYmaU g^oMo B{Vd¥Îm dmMyZ H$m`_ H$aUo : -
_mJrb g^m {XZm§H$ 17.09.2014 amoOr g§V kmZoída _§Xra g^mJ¥h,
Cñ_mZm~mX `oWo KoÊ`mV Ambr hmoVr. Ë`m g^oMo 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©_Ü`o {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$U 172965778.97
Meetings of the Board of Directors: During the report year 12
meeting of board of
Directors and 11 meetings of the committees were held.
Modern Technology : Bank has started core banking system to
make
available better banking service in the recent competition is
financial transition.
Thanks Sub. No 1 To read at confirm the proceedings of the last
annual General Meeting held on 17/09/2014
Then last meeting was held on 17/09/2014 in shree sant
dnyaneshwar Mandir Sabhagrah at Osmanabad. It is requested that the
minutes of said meeting be read and confirm.
Sub. No 2 To approve The Annual Report, Balance sheet, Profit
and Loss account statement in respect of the year ending on
31/03/2015
The Annual Report, Balance sheet, Profit and Loss account
statement in respect of the year ending on 31/03/2015 See the page
no 8 to 11
Sub. No 3 To consider and adopt appropriation of the profit of
the year 2014-2015.
Bank has earned the net profit of 172965778.97 in current
financial year. We are hereby request you to give sanction to the
following recommendations placed by the board of directors for
disposal of the profit.
Perticular Amount (Rs.)25% OF Rf 43241445.00Additional R Fund 10
% 17296578.00Dividend @ 8 % 34150000.00Dividend Equilization fund 2
% 3459316.00Build. Fund 57200000.00Coop.Edu.Fund 1%
1729658.00Notional Calamities 500000.00Election Fund
5000000.00Century Celebration Fund 371887.00Investment Fluctuation
Fund 10000000.00Remaining Balance 16894.97Total 172965778.97
05
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
bm^m§e :- ~±Ho$À`m g^mgXm§Zm gmb gZ 2014-2015 H${aVm _m. g§MmbH$
_§S>imZo 8 Q>¸o$ BVH$m bm^m§e XoÊ`mMr {e\$mag Ho$br Amho.
Ama.~r.Am`. `m§Mo nyU© nadmZJrZo bm^m§e {dVaU H$aÊ`mV `oB©b.
{df` H«>>. 4 gmb gZ 2014-15 À`m gmbmV A§XmOnÌH$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$bobo Amho. boIm narjU AhdmbmMr Zmo§X KoÊmo~m~V
gmXa.
{df` H«>>. 7 -gmb gZ 2014-2015 _Ü`o EH$ 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 _Ü`o ~±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 AÝd`o 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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
{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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
BALANCE SHEET AS ON 31ST MARCH 2015{XZm§H$ 31-03-2015 AIoaMo
Vmio~§X nÌH$
ASSETS & PROPERTIES (g§nÎmr d `oUoo) 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$O©o d A{J«_) 11 6970387509.60
5815927853.99
6 INTEREST RECEIVABLE (ì`mO `oUo)(a) On Investment(b) On
Advances (As per Contra)
89321284.00401667684.00
98715408.00386900008.00
7 BILLS FOR COLLECTION ({~ëg) BEING BILLS FOR RECEIVABLE (as per
Contra)
29568736.03 12006646.62
8 FIxED ASSETS (_mb_Îmm) 12 54588441.05 38766553.48
9 OTHER ASSETS (BVa `oUo) 13 33212300.56 28392219.79
GRAND TOTAL (EHy$U) 12444087238.35 11025406330.14
As per our Report of Even date N.R. Waghchaure &
AssociatesDirector Vice - Chairman Chairman Chartered Accountants,
Solapur
09
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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$U ) 1283392602.76 1155040004.93
Cheif Officer General Manager General Manager
10
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
PROFIT & LOSS ACCOuNT AS ON 31ST MARCH 2015{XZm§H$ 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$U ) 1283392602.76 1155040004.93
As per our Report of Even date N.R. Waghchaure &
AssociatesDirector Vice - Chairman Chairman Chartered Accountants,
Solapur
11
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
SCHEDuLE (n{a{eï> ) 31.03.2015 31.03.2014
SCHEDULE -1 CAPITAL (^mJ-^m§S>db )Authorised Share Capital
(A{YH¥$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$s)
9329066.17 6425742.83
9602138431.36 8463484623.44# Individual Include Deposits from
Institutions other than Co-operative banks and scoieties.##
Including staff security deposits, recurring/ pigmi deposits,
etc.
12
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
13
SCHEDuLE (n{a{eï> ) 31.03.2015 31.03.2014
SCHEDULE -4 BORROWINGS(~mhoarb H$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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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 `oUo)Court Expenses
Recelvable (H$moQ>© IM© `oUo) Adhesive Stamp (A°S>o{gìh
ñQ>±n)Telephone & MSEB Deposit (Vma d {dÚwV _§S>i
R>od)Prepaid Insurance (nwd©XÎm {d_m)Builiding Rent Advance
(B_maV ^mS>o A{J«_)Locker Rent Receivable (bm°H$a ^mS>o
`oUo)Court Decision Fees (H$moQ>© {S>erOZ a¸$_ `oUo)Premium
on HTM Securitied A/c({n«_r`_ EM.Q>r.E_. amoIo)Sundry Debtors
({H$aH$moi `oUo)Printing Stationary Stock (N>nmB©
ñQ>m°H$)Computer Stationery Stock ( g§JUH$ N>nmB©
ñQ>m°H$)Income Tax Receivable (Am`H$a `oUo)DD Payable- Receivble
( S>rS>r no`o~b `oUo)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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
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
Total
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
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.
Cheif Officer General Manager General Manager
As per our Report of Even date attached For N.R. Waghchaure
& AssociatesDirector Vice- Chairman Chairman Chartered
Accountants, Solapur
26
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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$U 46900000.00 67745628.14 20845628.14
27
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Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
BUDGET FOR THE YEAR -2015-2016A§XmOnÌH$ 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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
Expected Budget Ano{jV IM© 2015-16
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
Sr.No. A.H«>>.
PARTICULARS ({ddaU)
Expected Budget Ano{jV IM© 2014-15
Actual Expenses àË`j IM© 2014-15
Expected Budget Ano{jV IM© 2015-16
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
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
OSMANABAD JANATA SAHAKARI BANK LTD. OSMANABAD (Multistate Co-Op.
Bank)
Cñ_mZm~mX OZVm ghH$mar ~±H$ {b; Cñ_mZm~mX(~hwamÁ`r` H$mo-Am°n.
~±H$)
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
-
Osmanabad Janata Sahakari Bank Ltd; Osmanabad Multistate Co-Op.
Bank
Sr.
No.
A
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