comp.of vmc & raj 1
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INTRODUCTION
Banking sector is playing most important role in development of Indian
economy. Indian bank can be broadly classified as commercial banks & co-
operative banks, commercial banks can be grouped into three categories.
Public sectors banks,
Regional rural banks,
Private sector banks.
These banks have over 67,000 branches spread wide across the country.
After initiation of financial sector reforms competition in the banking sector
has been increased.
The co-operative banks in India started functioning almost 100 years ago.
The co-operative banks is an important constituent of the Indian financialsystem, judging by the role assigned to co-operative, the expectations the
cooperative is supposed to fulfill, their number, and the number of offices
the co-operative bank operate. Though the co-operative movement
originated in the West but the importance of such banks have assumed in
India is rarely paralleled anywhere else in the world. The co-operative banks
in India play an important role even today in rural financing. The businesses
of co-operative bank in the urban areas also have increased phenomenally in
recent years due to the sharp increase in the number of primary co-operative
banks.
Co-operative banks in India are registered under the Co-operative Societies
Act. The co-operative bank is also regulated by the RBI. They are governed
by the Banking Regulation Act 1949 and Banking Laws (Co-operative
Societies) Act, 1965.
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Co-operative is nothing but a group of people, who have gathered with the
same objectives, voluntarily, and by internal agreement work for the welfare
of one another.
Mr.H.Calvert:-
Co-operation is such an organization of individuals
joining hands voluntarily on the basis of equality for the betterment of
general economics interest.
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GENERAL INFORMATION OF SAMPLED UNIT
Name of the unit - The Veraval Mercantile Co-operative Bank Ltd,
Year of establishment - 02/03/1972
Address - The Veraval Mercantile Co-operative Bank Ltd,
University road,
Kalakruti complex,
Behind gondhiya hospital,
Rajkot 360007.
Registered office - The Veraval Mercantile Co-operative Bank Ltd,
Suvidha,Second floor,
Subhash road,
Veraval 362265.
Phone no - (0281)2589235
9879107966
Registered office no - (02876)220209
9879107962
Form of organization - Co-operative
Working Days - 6 days
Time keeping system - 10:00 to 19:00
Branches - Veraval (Regd)
Veraval (Rayon)
UnaJunagadh
Rajkot
Keshod
Manavadar
Sutrapada
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Salaries - Manager - 15000 to 20000
Officer - 10000 to 15000
Clerk - 8000 to 10000
Cashier - 8000 to 10000
Peon - 4000 to 6000
Audit class - A
RBI license no - GJ 670 P.
Email - [email protected].
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GENERAL INFORMATION OF SAMPLED UNIT
Name of the unit - The Co-operative Bank of Rajkot Ltd.
Year of establishment - 24/11/1980
Address - Sahakar Sarita
Panchnath Road,
Rajkot 360001
Phone no - (0281) 2224120
2234454
Form of organization - Co-operative
Working Days - 6 days
Time keeping system - 10:00 to 19:00
Branches - Rajkot
Jasdan
Morbi
JetpurUpleta
Gondal
Junagadh
Audit class - A
RBI license no - ACD.GJ.219.P
Email - [email protected]
Website - www.rajbank.net
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INTRODUCTION
The banking sectors are necessary for the general public. Each & every
financial activities done through banking organization, without banking
facility so many difficulties can arise.
The Indian banking industry is passing through a phase customers market.
The customers have more choices in choosing the bank. A competition hasbeen established with in the banks operation in India.
Bank is provides many services with the help of stiff competition and
advancement of technology, so that services becomes more easy&
convenient.
Bank provides many facilities like loan against share, education loan,
personnel loan, home loan, etc. then banking sector plays role in the
development of India.
The VMC bank has also provided to services their potential customers like
home loan, personnel loan, vehicle loan, business & profession loan, locker
facility etc.
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HISTORY & DEVELOPMENT
The veraval mercantile bank established in veraval since 1972for the main
purpose of leading business & trade.
At the initial stage the VMC bank start with 307 members & Rs 1,26,500
share capital. At that time the banks deposits Rs 7,39,492,92.
Since, 11-5-1984 the VMC bank has been constructed the new building
namely SUVIDHA for the purpose of banking activity. The VMC bank
has creates 1st new branch in UNA. The VMC bank has a create 2nd branch in
rayon in veraval since 27-09-1984 and also provide to the entire customer
self deposit. The VMC bank has also established 3rd branch in sutrapada
since14-12-1988 for main agricultural & business.
Since 23-1-1995, the VMC bank established 4 th branch in JUNAGADH in
the present of Shree Rajubhai Adani. The VMC bank take the best
decision for the changing new computerized system with the help of
technology of computer the accuracy of bank is increased. And save the time
and speedy & quick transaction are made. After the some definite period of
time other two branches Rayon & Regd. Office is installed the computerized
technology.
Reserve bank of India has give to permission to VMC bank for established 4
new branches like keshod, porbandar, manavadar & Rajkot. RBI give permit
to first Rajkot. Rajkot branches established in 15-8-1996 with computerized
system & centralized air condition.
After completion of establishment of rajkot branch. The VMC bank has
takes quick decision for the establishment of 6th branch in keshod on 30-08-
1996. and 7th branch in manavadar on 04-09-1996.
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FUTURE PLAN
1) The VMC bank wants to start new branches in different area or
different district also.
2) VMC bank may also provide ATM facility
3) VMC bank also wants to maintain the growth and wants to expand the
growth.
4) VMC bank may provide various types of bank loan
Student computer loan
NRI loan
Education loan
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OBJECTIVES
Achieve net profit about 46,00,000
Bring customer satisfaction 100%
Reduce the customer complains
Educated customers to bring banking awareness
Train staff to become more effective
Update present software
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RESEARCH METHODOLOGY
INTRODUCTION
After the preparation of financial statements that is trading account, p & l
account, balance sheet. The ratio analyses will give the relationship between
two related items of financial statement. It expresses in a proportion between
two figures and measure the financial strength of the company. The ratioanalyses does not only calculate ratios but also give result & interpreted the
result.
A ratio is customarily expressed in three different ways. It may be expressed
as a proportion between two figures. For example, If the current assets are
twice the current liabilities. It can be said that the current ratio 2:1. the
second method is to expressed it in the form of percentage. For example, the
ratio of return on capital employed is 30%. The third method is to expressed
it as ratio, for example_ stock turnover is 6 or stock turnover 6times a year.
The use of ratios has become increasing popular during last few year only.
Originally the bankers used the current ratio of judge the capacity of the
borrowing business enterprise to repay the loan and make regular interest
payment. A banker or other creditors will measure the repaying capacity &
financial strength on the basis of accounting ratio.
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SAMPLING
The aggregate of units drawn from the lot by some scientific method for
setting information regarding the characteristic. Under study is called sample
and the method of selecting a sample is called sampling.
The total lot of the unit is known as our census and selected few unit from
total lots is known as sample.
Researcher has to select the co-operative banking census and researcher hasto select 2 co-operative bank out of several banks in Saurashtra region the
selected bank namely,
1) Veraval Mercantile Co-operative Bank.
2) Raj Co-operative Bank Ltd.
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DATA COLLECTION
Data collection is nothing but the collection of information, regarding,
tabulation, & analysis of particular data is known as data collection.
Generally the data collections are main two sources at
A. Primary source/data
B. Secondary source/data
In primary data collection, the data is collected from the general public to
have taken some Exams, Interview, Test, Survey, Questionnaires,
Telephonic contact etc. the of primary data are most important but in the
collection of primary , the lots of time are consuming & cost is also high
In secondary data collection that all the data related to the selected unit are
recovered by the published data or readymade data by the organization, in
secondary data collection the data are already published by the organization
and it is easy to collect the various data for the purpose analysis and less
time consuming & not costs are incurred.
Researcher has to collect all the financial data of the bank by secondary
method, Researcher has to collect the last 3 years data from the bank for the
purpose of calculation of ratio and other financial position of the selected
unit.
Researcher has to collect the financial information of the last three years by
annual report and profit & loss account of the bank.
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LIMITATION OF STUDY
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RESEARCH TECHNIQUE
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OBJECTIVE OF STUDY
To check the profitability of both the sampled unit.
To check the solvency of both the sampled unit.
To check the liquidity of both the sampled unit.
To check the efficiency of the sampled unit.
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HYPOTHESIS
There is no significant difference in profitability during the last 3
years in sampled unit.
There is no significant difference in solvency during the last 3 years in
sampled unit.
There is no significant difference in liquidity during the last 3 years in
sampled unit.
There is no significant difference in efficiency during the last 3 years
in sampled unit.
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ANALYSIS OF DATA
H0: There is no significant difference in profitability during the last 3
years in sampled unit.
GRASS PROFIT RATIO
GROSS PROFIT RATIO = GROSS PROFIT X 100
INCOME
PARTICULAR RAJ BANK VMC BANK
2005-06 24.91% 5.91%
2006-07 26.72% 9.43%
2007-08 31.73% 11.80%
0 . 0 0 %
5 . 0 0 %
1 0 . 0 0 %
1 5 . 0 0 %
2 0 . 0 0 %
2 5 . 0 0 %
3 0 . 0 0 %
3 5 . 0 0 %
(%)
2 0 0 5-0 6 2 00 6 -0 7 2 0 07 -0 8
YEA
GROSS PROF IT RAT
R AJ
VMC
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ANALYSIS
It is express the relationship between gross profits earned to net income. It is
a useful indication of the profitability of business, if the ratio is low than cost
is high where as the ratio is high the cost is less.
Above ratio and graphical presentation indicates the gross profit of RAJ
Bank and VMC Bank is continuous increases.
In 2005-06 gross profit of RAJ Bank is 24.91% and n 2006-07 the ratio is
slightly increase up to 26.72%, and the last year 2007-08 the ratio is increase
up to 31.73%.
In same the gross profit ratio of VMC Bank in 2005-06 5.91%, 2006-07
9.43% and the last year 2007-08 11.80%.
H0: HYPOTHESIS IS REJECTED
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H0: there is no significant difference in profitability during the last 3 years
in sampled unit.
NET PROFIT RATIO
NET PROFIT RATIO = NET PROFIT X 100
INCOME
PARTICULAR RAJ BANK VMC BANK
2005-06 8.56% 4.10%
2006-07 8.14% 3.94%
2007-08 13.72% 4.48%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
(%)
2 0 05 -0 6 2 0 0 6-0 7 2 0 07 -0 8
YEAR
NET PROFIT RATI
R AJ
VMC
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ANALYSIS
The ratio is valuable for purpose of ascertaining the overall profitability of
business and shows the efficiency.
Increase the ratio better will be the profitability and decrease the ratio pure
will be the profitability,
In above graph indicates that the profitability of both the bank arefluctuating, in 2005-06 both bank earn good profit and, in 2006-07 profit is
slightly decrease & last year 2007-08 profit is again increase.
H0: HYPOTHESIS IS REJECTED
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H0: there is no significant difference in profitability during the last 3 years
in sampled unit.
RETURN ON CAPITAL EMPLOYED
RETURN ON CAPITAL EMPLOYE = NET PROFIT (EBIT) X 100
CAPITAL EMPLOYED
PARTICULAR RAJ BANK VMC BANK
2005-06 14.47% 4.40%
2006-07 14.32% 7.55%
2007-08 18.36% 10.28%
0 . 0 0 %
5 . 0 0 %
1 0 . 0 0 %
1 5 . 0 0 %
2 0 . 0 0 %
(%)
2 0 0 5-0 6 2 00 6 -0 7 2 0 07 -0 8
YEA
RETURN O N CAPITAL EM PLOY
R AJ
VMC
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ANALYSIS
It is an index of profitability of business and it is obtained by comparing of
net profit with capital employed. This ratio is helpful to take a decision.
In above graph indicates the RAJ Bank is fluctuating ratio where as VMC
Bank is continues increases at increasing rate to every year.
H0: HYPOTHESIS IS REJECTED
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H0: there is no significant difference in profitability during the last 3 years
in sampled unit.
RETURN ON SHARE HOLDERS FUND
RETURN ON SHARE HOLDERS FUND = NET PROFIT X 100
SHARE HOLDERS FUND
PARTICULAR RAJ BANK VMC BANK
2005-06 4.97% 2.40%
2006-07 4.36% 2.49%
2007-08 7.94% 3.00%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
(%)
2005-06 2006-07 2007-08
YEAR
RETURN ON SHARE HOLDERS FUND
RAJ
VMC
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ANALYSIS
In order to judge the efficiency with which the proprietors funds are
employed in business.
In above graphical presentation indicates that the ratio of share holders funds
the RAJ Bank is fluctuate in nature where as VMC Bank has continuous
increasing n every year, in 2005-06 the RAJ Bank 4.97% and next year
2006-07 are decrease up to 4.36% but last year 2007-08 ratio is increase up
to 7.94%, the difference between last two years is 3.58%.
Another side the VMC Bank the ratio of share holders funds are increase at
a decreasing rate
H0: HYPOTHESIS IS REJECTED
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H0: there is no significant difference in profitability during the last 3 years
in sampled unit.
RETURN ON EQUITY SHARE HOLDERS FUND
RETURN ON EQUITY = NET PROFIT X 100
SHARE HOLDERS FUND EQUITY SHARE CAPITAL
PARTICULAR RAJ BANK VMC BANK
2005-06 54.03% 15.02%
2006-07 33.25% 14.52%
2007-08 53.60% 17.94%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
(%)
2005-06 2006-07 2007-08
YEAR
RETURN ON EQUITY SHARE HOLDERS FUND
RAJ
VMC
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ANALYSIS
It shows what percentage of profit is earned on the capital invested by
ordinary share holders.
In above graph and ratio indicates the equity share holders fund ratio of both
the bank at the year 2005-06 is increase then next year 206-07 the ratio of
both bank again decrease and last year 2007-08 ratio of both the banks are
increase.
H0: HYPOTHESIS IS REJECTED
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H0: there is no significant difference in profitability during the last 3 years
in sampled unit.
EARNING PER SHARE
EARNING PER SHARE = NET PROFIT
NO OF EQUITY SHARE
PARTICULAR RAJ BANK VMC BANK
2005-06 19.05 15.02
2006-07 17.62 14.52
2007-08 17.94
0
2
4
6
8
10
12
14
16
18
20
RS.
2005-06 2006-07 2007-08
YEAR
EARNING PER SHARE
RAJ
VMC
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ANALYSIS
It is shows the relationship between profit and share equity, if the earning
per share is increases the more beneficial to the company as well as share
holders, where as the earning per share is lower than may be negative effect
in the mind of share holders.
In above graph indicates the both the banks earning per share are fluctuates,
the highest EPS of RAJ Bank is 19.05 per share, when the VMC Bank 17.94
is the highest EPS during the last 3 years.
H0: HYPOTHESIS IS REJECTED
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H0: There is no significant difference in solvency during the last 3 years in
sampled unit.
PROPRIETORS RATIO
PROPRIETORS RATIO = PROPRIETORS FUNDS X 100
TOTAL ASSETS
PARTICULAR RAJ BANK VMC BANK
2005-06 14.25% 9.99%
2006-07 15.79% 9.80%
2007-08 15.63% 9.46%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
(%)
2005-06 2006-07 2007-08
YEAR
PROPRIETOR RATIO
RAJ
VMC
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ANALYSIS
This ratio shows the proportion of proprietors funds to the total assets
employed in the business, the proprietors funds on share holders equity
consist of share capital and reserves & surplus.
The higher the ratio, the stronger the financial position of the bank and lower
the ratio, pure the financial position of the bank.
Above ratios and graphical presentation indicates the proprietors ratio of
RAJ Bank is continue fluctuate, In 2005-06 proprietors ratio is 14.25% after
one year in 2006-07 the ratio increases 15.79% and last year the ratio are
slightly decrease at 15.63%.
As the same proprietors ratio of VMC Bank are continuously decreases by
year to year. In 2005-06 the ratio 9.99% after one year in 2006-07 9.80% and
last year 2007-08 the ratio is 9.46%, so the VMC Bank is used mostly out
side fund.
H0: HYPOTHESIS IS REJECTED
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H0: There is no significant difference in liquidity during the last 3 years in
sampled unit.
CURRENT ASSETS RATIO
CURRENT ASSETS RATIO = CURRENT ASSETS
CURRENT LIABILITY
PARTICULAR RAJ BANK VMC BANK
2005-06 89.69 : 1 10.39 : 1
2006-07 43.80 : 1 9.54 : 1
2007-08 48.11 : 1 10.48 : 1
010
20
30
40
50
60
70
80
90
2005-06 2006-07 2007-08
YEAR
CURRENT ASSETS
RAJ
VMC
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ANALYSIS
This reflects proportion of current assets to current liabilities. It is also
known as working capital ratio.
In 2005-06 RAJ Bank current assets 89.69 times more, in 2006-07 the ratio
is decrease at 43.80 and last year 2007-08 the ratio is increase as decreasing
rate there is a 48.11.
In 2005-06 VMC Bank current assets ratio 10.39 times more than liabilities
and 2006-07 the ratio is decrease up to 9.54 and last year 2007-08 the current
assets ratio is increases up to 10.48
Above ratio and graph indicates the current assets ratio of RAJ Bank and
VMC Bank are fluctuate continuously, so try to maintain their ratio and
increase the ratio so, finally working capital is increased.
H0: HYPOTHESIS IS REJECTED
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H0: There is no significant difference in turnover during the last 3 years in
sampled unit.
FIXED ASSETS TURNOVER RATIO
FIXED ASSETS TURNOVER RATIO = FIXED ASSETS
INCOME
PARTICULAR RAJ BANK VMC BANK
2005-06 2.69 2.71
2006-07 1.54 3.38
2007-08 1.96 3.72
0
0.5
1
1.5
2
2.5
3
3.5
4
2005-06 2006-07 2007-08
YEAR
FIXED ASSETS TURN OVER
RAJ
VMC
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ANALYSIS
To ascertain the efficiency and profitability of the business, the total fixed
assets are comparing to sales.
If the ratio is low, it indicates that investment in fixed assets is more where
as if the ratio is found higher, it means the fixed assets are being used
effectively to earn profit.
In above graph the ratio indicates the RAJ Bank is fluctuating and VMC
Bank is increasing by every year.
H0: HYPOTHESIS IS REJECTED
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H0: There is no significant difference in liquidity during the last 3 years in
sampled unit.
TOTAL ASSETS TURNOVER RATIO
TOTAL ASSETS TURNOVER RATIO = TOTAL ASSETS
INCOME
PARTICULAR RAJ BANK VMC BANK
2005-06 0.083 0.0702006-07 0.085 0.080
2007-08 0.090 0.082
0
0.02
0.04
0.06
0.08
0.1
200 5-06 20 06-07 2 007 -0 8
YEAR
TOTAL ASSETS TURN OVE
R AJ
VMC
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ANALYSIS
The amounts invested in business are invested in all assets jointly and sales
are affected through them to earn profit.
If higher the ratio, it shows that with les amount of investment in total assets,
where as the lower the ratio, then more amount of investment in total assets.
Above graphical presentation indicates that the flow of both the banks are
increase continuously, total assets ratio RAJ Bank increase at a decreasing
rates, where as VMC Bank increase the ratio at increasing rate.
H0: HYPOTHESIS IS REJECTED
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H0: there is no significant difference in profitability during the last 3 years
in sampled unit.
EXPENSE RATIO
EXPENSE RATIO = EXPENSE X 100
INCOME
PARTICULAR RAJ BANK VMC BANK
2005-06 75.09% 94.09%
2006-07 73.28% 90.56%
2007-08 68.27% 88.20%
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
(%)
2 00 5-0 6 2 00 6-0 7 2 00 7-0 8
YEA
EXPENSE RAT
RAJ
VMC
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ANALYSIS
Expense ratio is computed for the purpose of ascertaining relationship
between operating and net income.
Above graph indicates the expense ratio of both the banks are decrease, in
2005-06 the RAJ Bank ratio is 75.09%, in 2006-07 73.28% and last year
2007-08 68.27%, the difference between 2005-06 & 2007-08 is 6.82%
decrease.
As the same expense ratio of VMC Bank in 2005-06 is 94.09%, in 2006-07
90.56%, and the last year 88.20%, so the difference between 2005-06 &2007-08 is 5.89% decrease.
H0: HYPOTHESIS IS REJECTED
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SUGGESTION
RAJ Bank should maintain or increase their net profit.
RAJ Bank should try to increase the long term funds against their
fixed assets.
VMC Bank should increase the proprietors fund (owned) and
decrease outside funds.
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CONCLUSION
I am very thankful to VMC bank for giving me required information during
my visit for study purpose. I visit your organization. I had found that all the
staff members and worker are working in co-ordinate manner. The co-
operation of members and customers as well as continuous efforts of the
staff. VMC bank has been able to reach the new heights of the success
I am very thankful to the manager and also thankful to MS Monika, who has
given me the lots of information regarding the overall organization.
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BIBLIOGRAPHY
My project work is done with the help of following books and annual
reports.
BOOKS
BUSINESS ENVIRONMENT CHERUNILEM
ACCOUNTING MANAGEMENT B.S.SHAH
FORMS OF BUSINESS ORGANISATION MAHAJAN
PUBLICATION
REPORT
ANNUAL REPORT (2005-06)
(2006-07)
(2007-08)
WEB SITE www.rajbank.net
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-
7/30/2019 COMP.OF VMC & RAJ 1
60/70
60
-
7/30/2019 COMP.OF VMC & RAJ 1
61/70
61
-
7/30/2019 COMP.OF VMC & RAJ 1
62/70
62
-
7/30/2019 COMP.OF VMC & RAJ 1
63/70
63
-
7/30/2019 COMP.OF VMC & RAJ 1
64/70
64
-
7/30/2019 COMP.OF VMC & RAJ 1
65/70
65
-
7/30/2019 COMP.OF VMC & RAJ 1
66/70
66
-
7/30/2019 COMP.OF VMC & RAJ 1
67/70
67
-
7/30/2019 COMP.OF VMC & RAJ 1
68/70
68
-
7/30/2019 COMP.OF VMC & RAJ 1
69/70
69
-
7/30/2019 COMP.OF VMC & RAJ 1
70/70