naval dockyard co

8/12/2019 Naval Dockyard Co

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Project On:

THE NAVAL DOCKYARD CO-OPERATIVE BANK

Submitted By-

VIBLE VARGHESE

M. COM. (BANKING AND FINANCE)

SEMESTER I

ROLL NO: 46

Submitted To-UNIVERSITY OF MUMBAI

Project Guide:

Prof. MUGDHA KESKAR

VPMs

K.G. Joshi College of Arts& N.G. Bedekar college of commerce

Chendani bunder road, Thane (w) - 400601

Tel: 25332412

ACADEMIC YEAR

2012-2013


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THE NAVAL DOCKYARD CO-OPERATIVE BANK


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INDEX

SR No. TOPIC

1 COOPERATIVE BANK- INTRODUCTION

2 COOPERATIVE BANK- ORIGIN

3 STRUCTURE OF COOPERATIVE BANK

4 FEATURES OF COOPERATIVE BANK

5 DIRECTORS AND MEMBERS

6 OFFICE BEARERS AND SUB COMMITTEE

7 DEPOSITS OF THE BANK

8 LOANS AND ADVANCES

9 LOAN SCHEMES OF THE BANK

10 BYE-LAWS

11 DISCLSOSURE AS PER RBI GUIDELINES

12 FIVE YEARS AT A GLANCE

13 BALANCE SHEETas on 31st March 2012

14 QUESTIONNAIRE:


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Acknowledgement

In brief, this project has taught me the basic fundamental of THE NAVAL DOCKYARDCO-OPERATIVE BANK . I take this opportunity to thank the people who have helpedme in preparing my project.It gives me immense pleasure in expressing my

gratitude to my project Guide Prof. MRS MUGDHA KESKAR for giving her precious time and helping me in completing my project.

I would also like to thank Prof. Mr. D. M. Murdeshwar (co-ordinator), our

principal Dr (Mrs) S. A. Singh, for their valuable suggestion and support provided

during the project and also for library staff for providing the books whenever

demanded by us.

I thank them for being informative and tolerant. I would not have been able to

complete my project without sincere guidance of the above mentioned people

whose presence was blessing in disguise for me which motivated me to complete

my project on time.


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Declaration

I VIBLEVARGHESE the student of Joshi Bedekar college presently studying in

M.COM(BANKING AND FINANCE) Semester 1 th hereby declare that I have completed these

project on Business ethics and scams in financial sector in the academic year 2011 -2012. The

information submitted is true and original to the best of my knowledge.

Sign

(Student name)


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COOPERATIVE BANK

Cooperative banking is retail and commercial banking organized on a cooperative basis.Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative

banking includes retail banking carried out by credit unions, mutual savings banks, buildingsocieties and cooperatives, as well as commercial banking services provided by mutualorganizations (such as cooperative federations) to cooperative businesses.

Origin

The history of co-operative movement in India is about a century old. The movement was started inIndia with a view to encourage and promote thrift and mutual help for the development of persons ofsmall means such as agriculturists, artisans and other segments of the society. It was also aimed at

concentrating the efforts in releasing the exploited classes out of the clutches of the money lenders.Keeping this as one of the objectives, credit societies were formed under Co-operative Societies Act of1904.

The 1904 Act was largely based on the Eng_ish Friendly Societies Act, 1896 . Under this Act, only primary credit societies were permitted to register and non-credit and federal organisations of primaryco-operative credit societies were left out. This lacuna was bridged by the Co-operative Societies Act,1912. This Act paved the way for the organisation of central co-operative banks throughout thecountry. But the provisions of 1912 Act were inadequate to meet the requirements of those states where

co-operative movement had made considerable progress. Bombay, the pioneers in this regard passed anew Act, viz., the Bombay Co-operativeSocieties Act, 1925 for serving the many sided development ofthe state. Later on, Madras, Bihar and Bengal passed their own Acts in 1932, 1935 and 1940respectively.
http://en.wikipedia.org/wiki/Cooperativehttp://en.wikipedia.org/wiki/Banking_institutionhttp://en.wikipedia.org/wiki/Retail_bankinghttp://en.wikipedia.org/wiki/Credit_unionhttp://en.wikipedia.org/wiki/Mutual_savings_bankhttp://en.wikipedia.org/wiki/Building_societyhttp://en.wikipedia.org/wiki/Building_societyhttp://en.wikipedia.org/wiki/Cooperativehttp://en.wikipedia.org/wiki/Commercial_bankinghttp://en.wikipedia.org/wiki/Mutual_organizationhttp://en.wikipedia.org/wiki/Mutual_organizationhttp://en.wikipedia.org/wiki/Cooperative_federationhttp://en.wikipedia.org/wiki/Cooperative_federationhttp://en.wikipedia.org/wiki/Mutual_organizationhttp://en.wikipedia.org/wiki/Mutual_organizationhttp://en.wikipedia.org/wiki/Commercial_bankinghttp://en.wikipedia.org/wiki/Cooperativehttp://en.wikipedia.org/wiki/Building_societyhttp://en.wikipedia.org/wiki/Building_societyhttp://en.wikipedia.org/wiki/Mutual_savings_bankhttp://en.wikipedia.org/wiki/Credit_unionhttp://en.wikipedia.org/wiki/Retail_bankinghttp://en.wikipedia.org/wiki/Banking_institutionhttp://en.wikipedia.org/wiki/Cooperative


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Structure of Co-operative Banking in India

India's co-operative banking structure consists of two main segments, viz., agricultural and non-agricultural credit. There are two separate structures in the case of agricultural credit - one for short andmedium term credit and the other for long term credit. The co-operative credit structure for short and

medium terms is a three tier one with primary agricultural credit societies at the base level, the centralco-operative bank at the district level and state co-operative bank at the apex level. Over and abovethese institutions, grain banks are actively functioning as primary societies in certain states. Though theorganisation of central and state co-operative banks was mainly for the benefit of the agricultural creditsector, they serve non-agricultural societies too.


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Features of Cooperative Banks

Co-operative Banks are organised and managed on the principal of co-operation, self-help, and

mutual help.

They function with the rule of "one member, one vote".

Function on "no profit, no loss" basis. Co-operative banks, as a principle, do not pursue the goal

of profit maximization.

Co-operative bank performs all the main banking functions of deposit mobilization, supply of

credit and provision of remittance facilities.

Co-operative Banks provide limited banking products and are functionally specialists in

agriculture related products. However, co-operative banks now provide housing loans also.

UCBs provide working capital loans and term loan as well.


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THE NAVAL DOCKYARD CO OPERATIVE BANK

The cooperative bank consist of various Di rectors and members such are as follows

HONORARY BOARD OF DIRECTORS

PRESEDENT

REAR ADMIRAL A.V. SUBHEDAR (VSM)

REAR ADMIRAL A.K. BAHL (VSM)

VI CE PRESI DEN T

COMMODORE SANJEEV NAYAAR

COMMODORE VK SAXENA

H ON. L EGAL A DCI SOR

COMMODORE PK DOSHI (AGM)

CAPTION A.K. SHARMA DGM)

H ON. FI NANCI AL ADVI SOR

SmT MAULISHREE PANDE (Jt CDA)

H ON. TREASURER

Shri S.K .KHANVIKAR

MEMBERS

ShrI S.M. ACHAREKAR

ShrI M.K. BHASKARAN

Shri G.G. GODE

Shri P.L. JAGTAP

Shri B.C. JAMBHULKAR


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The cooperative bank consist of various Di rectors and members such are as follows

STAF F REPRESENTA TI VE

Shri D.S. MORE

Shri L.G. SADAVARTE

CH I EF EXECUTIVE OFF I CER

Shri SURESH M.SHINDE.

DYCH I EF ESECUTI VE OFF I CER

Shri ASHOK S GAONKAR

ASST. ACCOUNTANT

Shri DWARKANATH G BORKAR

SR. AUDI T OFF I CER

Shri RAMESH B. KULKARNI

Shri MUKESH M PARAB

I NTERNAL AUDI TORS

M/s SA MRE AND Co.


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OFF I CE BEARERS AND VARI OUS SUB COMM I TTEE : -

A) OFF I CE BEARERS

Shri D.G. KADAM, HON. SECRETARY

Shri S.K. KHANVIKAR, HON. TREASURER

B) LOAN SUB COMM I TTEE

Shri PRAMOD R. KAMBLE

Shri S.M. ACHREKAR

Shri D.C. JAMBHUKAR

Shri S.A. PATIL

Shri A PARKAR

C) AUDI T SUB COM MI TTEE

Shri P R KAMBLE

Shri V D SAWANT

Srhi P. K JAGTAP

D) PURCH ANCE SUB COM M I TTEE

Shri P.R. KAMBLE

Shri V.N. JAMDADE

E) STAFF RELATI ON SUB COMM I TTEE

S hri G.G. GODE

The sub committees ar formed for the day to day smooth functioning of the Bank. These subcommittees are as paer the Bye laws of the bank. They have limited rights. The decisionsrecommendation of the sub-committees are finally approved in the meeting of the Board of Directors


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MEMERSHIP

The number of shareholders which was 16306as on 31 st March 2011 is now 16252 after admitting630 new members and considering resignation, retirements, deaths and forfeiture of 684 members byclose of the year 2011-2012

PAI D UP CAPI TAL

The paid up capital of the bank which was Rs 755.77 lakhs as on 31 st March 2011 stod at Rs 764.68lakhs as on 31 st March 2012

RESEVE AND OTHE R FUND S:-

There was substanitial increase in the Reserve Fund and other Reserves of the Bank which has gone upfrom Rs 1094.50 lakhs to Rs 1278.15lakhs on 31 st March2012


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Deposit and Loan schemes of The Naval Dockyard Co-operative Bank Bank

Type of Deposits 2009-2010 2010-2011 2011-2012

Savings Bank Deposits 4722.22 5649.98 6501.63

Fixed Deposits 1304.46 1459.52 1092.82

Compulsory Deposits 5880.21 7442.54 8902.15

Recurring Deposits 225.35 275.82 381.7

D.J.D.B. Scheme 3972.38 5099.85 4318.35

P.J.D. Scheme 894.83 81.71 16.71

Fixed Depsoits (Qtly. Int.) 3254.71 2753.11 2596.03

Matured Deposits 23.84 19.3 17.36Others 19.64 38.29 34.04

Glorious - 275 Deposit 633.75 4.56

Super Six 666 days 400.51

Fixed Deposit 444 days 88.93

Fixed Deposit 333 days 2807.15

Monthly Income Scheme 97.2

Daam Duppat Yojana-87 Month 79.13

Total 20297.64 23453.87 27338.27

ADVANCES

TYPE OF LOANS 2009-2010 2010-2011 2011-2012Loan against Deposit (S.T.L) 1688.59 2145.43 2503.72

Long Term Loan 11996.83 17039.34 18939.19

Staff Housing Loan 56.57 77.46 76.34D.K.G. Yojna (Hsg. Loans) 574.98 706.97 603.09Total 14316.97 19969.2 22122.34


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Deposit Schemes

In this section Bank provides information of it's various deposit schemes

I mportant Notice to Depositor s:

As per section 206AA introduced by Finance (No. 2) Act, 2009 wef 01.04.2010, every person who

receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be

deducted at the rate of 20%(as against 10% which is existing TDS rate) in case of Domestic deposits

and 30.90% in case of NRO deposits Please further note that in the absence of PAN, Form 15G/H and

other exemption certificates will be invalid even if submitted & penal TDS will be applicable. Please

visit nearest The Naval Dockyard Co-operative Bank Bank branch to submit or confirm updating of

your PAN with the bank.


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Savings Deposit

A Savings Account for everyone to inculcate the habit of saving and avoid thrift. Bank offers a host of

convenient features and banking channels to transact through. Personalized service coupled with

technology enabled products is the hallmark of our service. Bank offers a debit card. All the services

are offered with very simple terms and conditions and minimal charges. The salient features of the

saving account are given as under

Bank conveniently with facilities like Net Banking - Check your Account Balance. Take advantage of

Easy Pay, an instant solution to all your frequent utility bill payments

Free Personalized Cheque Book with name printed on each cheque leaf for enhanced security .

Avail of facilities like Safe Deposit Locker .
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Free Passbook facility available at home branch for account holders (individuals).

All the above facilities by just maintaining an average quarterly balance of Rs 1000/-

Penalty / Service Charges

For Non-Maintenance of minimum average quarterly balance of Rs 1000/-

Rs 150/- per qtr as penalty.

Account Closur e Charges

If within 6 Months Rs.200 plus Charges for unutilized cheques leaves @Rs.5 per leaf.

If Within 1 year Rs 150 /-plus charges of unused cheque leaf at Rs 5 per leaf

unused cheque leave charges are applicable to all accounts which are closed.


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Cur rent Deposit

Fasten your pace with a current account which offers out of the world service experience by combining

personalized service with many appropriately priced features. Our customer friendly staff will not leave

any stone unturned to makes a memorable one. Internet Banking all will allow you to Bank from the

comfortable confines of your home and office. All our branches are on Core Banking which allows you

free transfer of funds from one account to another at any branch. Bank conveniently with facilities like

Net Banking and - Check your account balance.

Avail of facilities like Safe Deposit Locker .

Free monthly statement.

Avail Personalized chequebook for enhanced security at nominal prices .

Take advantage of Easy Pay. An instant solution to all your frequent utility bill payments.

Free Cash Deposit/withdrawal from any branch of The Naval Dockyard Co-operative Bank Bankup to Rs

25000. Free transfer to any account in any branch of The Naval Dockyard Co-operative Bank through

Any Branch Banking .
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1. Service Charges

Non-Maintenance of minimum average quarterly balance require to pay service charges of

Rs. 600/- per qtr.

2. If account closed within 6 months Rs 500 +charges for unused cheque leaves at Rs 2 per leaf.

3. If closed within 1 year Rs 250 +charges for unused cheque leaf at Rs 2 per leaf.

Cash Deposit/Withdrawal charges

Upto Rs 25000 free

Amount of cash deposited / withdrawn

Service charge

Rs 25001 Rs 50000 Rs 25

Rs 50001 Rs 100000 Rs 50

> Rs 100000

Rs 50 per lakh or part

thereof


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Fixed Deposit Schemes

Term D eposit - Interest Payout Schemes

(Interest - Half Yearly , Quarterly, Monthly )

Cumul ative I nterest Schemes

Eligibility

Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies

M inimum Balance

Rs. 1000/- and further rise in multiples of Rs. 100/-


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Rate Of I nterest

Special Features/Facilities

TDS applicable Form 15H/15G required to be submitted for exemption of TDS.

Nominal member of the bank will also be exempted from TDS. If you are exempt from paying tax, you

need to present Form 15H when you open a Fixed Deposit and subsequently at the beginning of the

following financial year.

Char ges / Penal ty

In case of payment before maturity Interest upto 15 days will be Nil

Above 15 days : 1% less than applicable rate of Interest for the actual period for which deposit is kept

with the Bank.

Account closure :

As above, if payment is before maturity
http://www.saraswatbank.in/viewsection.jsp?id=0,88,89http://www.saraswatbank.in/viewsection.jsp?id=0,88,89


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Recurring Deposit

We can invest in small amounts every month and see the drop become an ocean. Through this account

you can invest small amounts of money every month and end up with a large kitty on maturity. Bank

also allows you facility to give standing instructions by which the amount is debited from your account

every month . For further details

Eligibility

Individuals (singly or jointly), Minor by guardian, Organisations, Co-op. societies

Minimum Balance

Minimum monthly installment is Rs. 5/-

Special Features/ Facilities

No TDS

Penalty/Service Charges

Penalty for delayed monthly installment

Rs. 1.50 per Rs.100 p.m.

In case of payment before maturity, Interest upto 15 days will be Nil

Above 15 days : 1% less than applicable rate of Interest for the actual period for which deposit is keptwith the Bank .

Scheme applicable only for more than 18 months and less than 24 months


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L OANS AND AD VAN CES

This year there has been substantial rise in STL&LTL

The position of outstanding Loan Balances are given below :

Sr No. TYPES OF L OAN S O/S as on

31/3/2011

O/S as on

31/3/2012

I ncrease/D eecrease

1 Loan against Deposit

(S.T.L.)

2145.43 2503.72 +358.26

2 Long Term Loan 17039.34 18939.19 +1899.85

3 Staff Hsg.Loan 77.46 76.34 -1.12

4 DKGY housing Loan 706.97 603.09 -103.88

TOTAL 19969.20 22122.34 +2153.14

C D RATI O & COST OF DE POST & ADVA NCES:-

We would like to inform the Members that we have enhancedthe loan limit to fulfill the requirement of

Members Due to this enhancement we have made loaning at higher side. Our CD ratio reached

to80.92%

Considering the changing scenario tn Banking Sector there is tremendous competition in the rate of

interest in Outside Bank. There is higher rate of interest on deposit in outside Banks. RBI have

periodically reviewed their policy and changed the interest rate on Term Deposit as well as saving

deposits well as Saving Bank Deposit. Due to this we bound to revise the rate of interest on deposits.

Subsequently to maintain the balance of deposits cost we were constrained to increase the rate of

interest on asvances. We hope members will inderstand the situation and co-operate with us


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I NTERNAL CONTROL

As directed by the Reserve Bnk of India , the Bank has continued to carry out the Concurrent Auditand appointed M/s s.a.More & Co. chartered Accountants, as Concurrent Auditor during the yearunder report, which ensured checking of day-to- day transactions as per the norms prescribed by theRBI in this regard

RELATI ONSH I P WITH STAFF

The relation between the Management and the staff of the bank is very cordial. The management placeon record the dedicated services rendered by the officers and the staff for the general development and

progress of the Bank


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BYE -LAWS

BYE

LAW

No.

ESISTING BYE LAWS BYE

LAW

No

A MMENNDED BYE

LAWS

R EASON

8(1) The authorized share of the

Bank is Rs 100000000/- and

divided into each

8(1) The authorized share

capital of the Bank is Rs

200000000/- and dicided

intio Rs 8000000/-

shares of Rs25/-each

T o

enchanceind

dual sh

capital

12(1) T he maximum shareholding shall be as prescribed under

Maharashtra Co-op Societies

Act and Rules from time to time

subject to maximum of Rs5000/-

12(1) T he maximum shareholding shall be as

prescribed under

Maharashtra Co-op

Societies Act and Rules

from time to time subject

to maximum of Rs 7500/-

A s per guidelines

meet

requirement

CRAR


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BYE -LAWS

BYE

LAW

No.

ESISTING BYE LAWS BYE

LAW

No

A MMENNDED BYE LAWS R EASON

43(III) Every member of the bank shall subscribe to the

Compulsory Deposit Account

every month. A sum

according to the following

scales based on the amount

of basic pay earned by him

Sr

no

BASIC

PAY

CD

Contibutio

n per

month

1 4750/-

To

7499/-

200/-

2 7500/-

To

11500/

-

300/-

3 11500/

-

& abov

e

400/-

43(III) Contribution towards CD fromthe members will be dicided by

the Board of Directors from

time to time. Tis fund will be

mobilizes by calling lump sum

Deposit in lump sum. The

Board of Directors reserve the

right to amend the same fromtime to time. The Contribution

towards CD will not be less

than as prescribed in the char

shown below

Sr

no

BASIC

PAY

CD

Contibutio

n per

month

1 4750/-

To

7499/-

200/-

2 7500/-

To

11500/

-

300/-

3 11500/

-

& abov

e

400/-

To mobilize


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INVESTMENTS

The investment of the bank which was rs 5683 lakhs as on 31 st march 2011 is now Rs 6824.45

lakhs

PROFI T AN D A PPROPRI ATI ONS

The bank earned gross profit of Rs 759.90 Lakhs during the year 2011-2012 against Rs 356 lakhs

in the previous year. After making the various provisions of Rs 386 lakhs, the bank earned a net

profit of Rs 373 Lakhs

The detail distribution of profit for the three years is as follows

PARTICULARS 2009-10 2010-11 2011-12

Net profit during the year 19061761.68 19216839.92 37311361.40

Add. Bal. profit B/F last year 988.24 1729.44 1637.02

Net profit for appropriation 19062749.92 19218569.36 37312998.42

Statutory reserve@25%(09-

10,10-11)@47% in 11-12

4765687.48 4804642.34 27537109.26

Dividend 15% 10672933.00 10335790.00 11408600.00

Ednl. Aid @250/- per

member(09-10,10-11)@500/- for

2011-12

3622400.00 4076500.00 8126000.00

Investment flucation Reserve

fund

------------ --------------- 240000.00

Total appropriation 19061020.48 19216932.34 37311709.26

C/F for next year 1729.44 1637.02 1289.16Net Profit For Appropriation 19062749.92 19218569.36 37312998.42


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DEPOSI T I NSURANCE

All our deposits are protected to the extent of Rupees One Lakhs per party by the Deposit

Insurance and Credit Guarantee corporation under the deposits Insurance act 1980. We have paid a

sum of Rs 31 Lakhs as premium on various deposits to DICGC during the year11-12

WORKING CAPITAL

The working capital of the Bank has increased form Rs 282 lakhs as on 31 st march,11 to 318 lakhs

as on 31 st march, 12

I NCOM E TAX ON PROFI T

The Central government has imposed Income Tax on Profit to the Profit to the Co-operative Bank

form the Financial year2006-07 onward. This year we have paid advanced Income Tax of Rs 215

lakhs on our profit

DIVIDEND

The board of Directors are pleased to recommend the dividend for the period ended 31 st march

2012 @ 15% on prorate basis. We are proud to state that we have maintained the same rate of

Dividend this year also


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EDUCATIONAL AI D

The board of Director s have recommended Rs 500/- as Educational Aid as compared to Rs 250/-

paid last year

RESERVE BAN K I NSPECTI ON

Reserve Bank has Conducted inspection of the bank for the period 2009-10 and 2010-11

SH I FTI NG OF OUR TROM BAY BRANCH

We are shifting our tormbay branch to new Premises near the old Branch shortly

CORE BANK I NG SYSTEM

For the prompt and quick services to the shareholders and depositors we proposed to introduce

Core Banking System very shortly

PROGRES OF BRAN CH ES

It gives us immense pleasure to inform you that our Branches at Fort, Pawai< Ghatkopar,

Trombay and Karanja(Uran), including Extn. Counter at N,T. Pool are working satisfactorily


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DISCLSOSURE AS PER RBI GUIDELINES

SR No Particulars 31.03.2012

1

123

L EVEL OF CRAR

Capital funds Adjusted value of funded risk Assests% of Capital funds to risk weighted assets

196519881.099.89%

2 AVE RAGE COST OF DE POSI T 7.48%

3123

4

NON- PERF ORM I NG ASSESTSGROSS NPA

Net NPA% of Gross NPA to total advances

% of Net NPA to net advances

146.9300.66%

0%41234

M OVEM ENTS I N NPAsOpening balance

Add: additions during the year Less: ClosedClosing Balance

158.0743.6554079146.93

512

345

6

PROFITABILIY Interest Income as a% of working funds Non-Interest Income as a % of working fundsOperating Profit as a % of working funds

Return of Assets Business( advances+ Deposits) per Employees Profit Per Employee

10.380.02%2.39%

1.17%

706.58%5.33

6

12

PROVISION MADE TOWARDS NPADURI NG THE YEAR

Provision on NPA required to b e made Provision onNPA actually made

_________________

7

12

PROVISION MADE TOWARDSOVERDUE I NTEREST Provision required to be made Provision actually made

28.2828.28

8

12

P ROVISION MADE TOWARDSDEPRECIATION IN INVESTMENTSDURI NG THE YEAR

Provision required to be made Provision actually made

31.0031.00


31/45

9A

M OVEM ENTS I N PROVISIONSTOWARDS NPAOpening balance

Add: additions during the year Less: ClosedClosing balance

158.070.00158.07

B TOWARDS DEPRECIA TI ON I NINVESTMENTSOpening balance

Add:Additions during the yeat Less: ClosedClosing balance

0.0031.000.0031.00

C TOWARDS STAND ARD A SSETSOpening balance

Add: Additions during the year Less: Closed

Closing balance

80.578.500.00

89.07D TOWARDS OTH ER ASSETS

Opening balance Add: Additions during the year Less: ClosedClosing balance

1.43

1.4310 PREM I UM PAID TOWARDS DI CGC

For half ending Sept201and mar2012 31.3811 PENALTY I M POSED BY RBI F OR

ANY VI OLATI ON12 A

iii

I NTERBA NK ACCOUTS No of entries pendingo/s amtarrears in interbank reconciliation

Biii

I NTER BRANCH ACCOUNTS No of entries pendingO/s Amt


32/45

FIVE YEARS AT A GLANCE

PARTICULARS 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012Number of Members 16392 16287 16234 16306 16252

Share Capital 771.1 764.26 755.46 755.77 764.68

Recurring Deposits 196.61 196.37 225.35 275.82 381.7Compulsory Deposits 4567.76 5165.4 5880.21 7442.54 8902.15Fixed deposits 861.11 827.42 1304.46 1459.52 1092.82

Savings Bank 3396.96 3864 4722.22 5649.98 6501.63Diamond J. Scheme 2090.42 2445.42 3972.38 5099.85 4318.35Other Depsoit 16.57 16.02 19.64 38.29 34.04Platinum J. Deposit 804.68 832.97 894.83 81.71 16.71Fixed Deposit (Qtrly. Int.) 2194.43 2482.2 3254.71 2753.11 2596.03Matured Depsit 115.1 23.84 19.3 17.36Super Six 666 days 400.51Fixed Deposit 444 days 88.93Fixed Deposit 333 days 2807.15Monthly Income Scheme 97.2Daam Duppat Yojana-87 Month 79.13Glorious - 275 Deposit 633.75 4.56Total Deposit 14128.54 15944.9 20297.64 23453.87 27338.27Gross Profit 352.22 510.44 347.58 356.03 759.9Net Profit 121.32 153.44 190.62 192.17 373.11Investmetn 3910.26 4589.65 7330.9 5683 6824.45Rate of Interest (Medium Term) 13% 13% 12% 13% 13%Rate of Interest (Short Term) 11% 12% 12% 12% 12%Rate of Dividend 10% 15% 15% 15% 15%Reserve Fund 674.5 687.32 704.54 752.47 800.58Other Reserves 222.28 282.12 310.57 342.03 477.50%Loan Outstanding 11655 12946.93 14316.97 19969.2 22122.34

Working Capital 16491.89 18756.49 23264.17 28240.85 31845.41


33/45

Balance Sheet as on 31st March 2012

Capital & Liabilities Current Year Previous YearShare Capital

1) Authorised Share Capital

(40,00,000 Shares @ Rs. 25/-) 100,000,000.00 100,000,000.002) Subscribed & Paid up Shrae Capital

(30,58,731 Shares @ Rs. 25/-) 76,468,275.00 75,576,875.00

Reserve Fund & Reserves

Statutory Reserve Fund 80,058,083.82 75,247,141.48

Dividend Equilisation Fund 2,688,000.00 2,188,000.00

Reserve for Bad & Doubtful Debts 15,807,429.00 15,807,429.00

Development Fund 545,000.00 45,000.00

Staff Gratuity Fund 12,900,000.00 6,900,000.00

Contigent Provision for Standard Assets 8,906,571.00 8,056,571.00

Election Fund 1,150,000.00 150,000.00

Staff Relief Fund 200,302.00 96,302.00

Charity Fund 470,000.00 370,000.00

Advertisement Fund 160,000.00 60,000.00

Special Reserve u/s 36(1) (iii) of IT Act, 1961 530,000.00 530,000.00

Staff Leave Encashment Reserve 1,300,000.00

Ivnestment Depriciation Reserve 3,100,000.00

127,815,385.82 109,450,443.48Secured Loan

Overdraft with MSC Bank Ltd. 36,362,607.01 30,869,582.21

Unsecured Loan

Cash Credit with MSC Bank Ltd 100,000,000.00


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Deposit & Other Accounts

Fixed Deposit 109,282,133.00

Compulsory Deposit 890,214,702.00

Recurring Deposit 38,170,353.00

Diamond Jubilee Deposit 431,835,236.00

Platinum Jubilee Deposit 1,670,624.00

Glorious - 275 Deposit 455,936.00

Quarterly Interest Certificate 259,603,404.00

Non Members Deposit 3,403,623.87

Matured Deposit 1,736,195.78

Savings Bank Deposit 650,162,363.30

Super Six 666 days 40,050,930.00

Fixed Deposit 444 days 8,892,994.00

Fixed Deposit 333 days 280,715,279.45

Monthly Income Scheme 9,720,000.00

Daam Duppat Yojana-87 Month 7,912,889.00

2,733,826,663.40 109,450,443.48

C/F 2,974,472,931.32 2,661,283,956.31

B/F 2,974,472,931.32 2,661,283,956.31

Bills for Collection Being

Bills Receivable as per contra 834,884.89 3,175,966.80

Overdue Interest Reserve 2,828,101.79 1,557,946.43


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Property & Assets Current Year Previous YearCASH 2785918.00 30272950

CASH (ATM) 3031600.00 1644100

Balances with Banksi) Current Deposit (MSC/MDCC) 763000.00

ii) Current Depsoit (other banks) 58854982.76iii) Fixed Deposits (MSC/MDCC) 131450000.00iv) Fixed Deposits (other banks) 169951729

Investmentsi) In Central & State Govt. (at book value) 679439000Face Value: 69,62,20,000Market Value: 67,16,55,346ii) Shares in MSC Bank Ltd. 3006000iii) Shares in MDCC Bank Ltd. 100

568300100Advancesi) Loan against Deposit 250371931.3ii) Medium Term Loan (LTL) 1893918665iii) Hsg. Loan Members 60309026.62iv) Hsg. Loan - Staff 7634179.25

1996920088Interest Receivablesi) On Investments 11234715 7461736ii) On NPA of which overdues

Bills Receivables 3175966.8Bills for Collection (As per contra) 834884.89

C/F 3124634003 2777726670

B/F 3124634003 2777726670

Machinery & EquipmentLess: Sale of Asset 1243533.42Less: Depreciation 112522.5

Furniture & FixturesAdd: Addition during tye year 4799039Less: Depreciation 524012

Computer (Software) 90610.99Less: Depreciation 13209.99Less: Return of VAT Amount 77400


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ATM 1436179Less: Depreicaiotn 1295967.93

Other AssetsStaff Festival Advance 100800Saving Bank Suspense 143500

Loan Bon Franking 2070Sundry Debtors 51211Stamp Bond on hand 83050Stock of Stationery 218372Premium of Govt. Securities 1153200Prepaid Expenses (Unsurance) 607405Clearing Difference Receivable 24515ATM Amount Recievable 56000

Advance Tax Paind (08-09/10/11/12)

Total 3185376476.89 2827261046.56


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QUESTIONNAIRE:

1) Are you satisfied by the service provided by The Naval Dockyard?

In the sample of 20 employees, all the customers are satisfied by the service of The

Naval Dockyard.

Yes100%

customers


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2) What type of account do you have in The Naval Dockyard?

Out of 20 customers 16 customers i.e. 80% maintain deposit a/c, 2 i.e. 10% maintain loan a/c,

1i.e. 5% maintain CC a/c & OD a/c

Deposit a/c

80%

Loan a/c10%

CC a/c5%

OD a/c5% Customers


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3) Are you satisfied with the rate of interest provided by the bank on FDs or RDs?

All the 20 customers are satisfied by the rate of interest

100%

Customers


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4) Have you availed the facilities of internet banking, sms banking from the bank?

Out of 20 customers 15 customers i.e. 75% have availed SMS banking facility & 5 customersi.e. 25% have availed internet banking facility

Internetbanking

25%

SMS banking75%

Customers


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5) Have you availed the facility of debit/credit card from the Bank?

All the customers have debit/credit card

Yes100%

Customers


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6) Are you aware of the additional services provided by the Bank?

If yes, specify

90% i.e. 18 customers are aware of the additional services provided by the bank. The services

are

Demat Insurance products Mutual fund

Yes90%

No10%

Customers


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7) Is locker facility provided by the Bank?

Yes100%

Customers


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8) Do you prefer The Naval Dockyard over other banks?

Out of a sample of 20 customers 98% prefer The Naval Dockyard and only 2% does not.

Yes98%

No2%

Customers

naval dockyard co

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