the mapusa urban co-op. bank of goa ltd....

2015-2016

ANNUAL REPORT

st51

Printed @ Kamat Offset, Mapusa - Ph. : 2262459

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Shri Ramesh G. PankarDirector

Mrs. Nirmala R. KhalapDirector

Shri Mangaldas P. NaikDirector

Shri Shambhu B. BandekarDirector

Shri Babuso V. HadfadkarDirector

Shri Vinesh R. PikaleCo-opted Director

Adv. Ramakant D. KhalapDirector

Shri Tulio J. T. De N SouzaDirector

Shri Gurudas B. Natekar Chairman

Shri Ashwin R. KhalapDirector

Mrs. Pradnya P. NaikVice Chairman

Shri Michael J. Carrasco Director

THE MAPUSA URBAN CO-OP. BANK OF GOA LTD.

BOARD OF DIRECTORS

Head Office:"Nandadeep", Mapusa, Goa.

Fixed Deposit for

RATES OF INTEREST ON DEPOSITS

w.e.f 01-08-2016

Recurring Deposit

Rate of Interest (%p.a.)

Rate of Interest (%p.a.)

15 days to 90 days 4.50%

91 days to 179 days 5.25%

180 days upto 1 year 6.75%

Above 1 year upto 2 years 7.75%

Above 2 years & upto 5 years 7.75%

Sr. Citizen 1 year & above– additional 0.50%

(for deposit of Rs.10,000/- & above)

1 year 6.75%

Above 1 year upto 5 years 7.75%

Shri Shailendra S. SawantGeneral Manager

THE MAPUSA URBAN CO-OPERATIVE BANK OF GOA LTD.

(Multi-State Scheduled Bank)

1

Established on : 9-12-1965 Licence No. : UBD.GOA 865 P

Gram : "Nandadeep" Scheduled Status : Since 30-01-1998

Registration No. : 3.Bank-(b)2-/Goa/MSCS/CR/74/97

Registered Office : 'NANDADEEP', Mapusa, Goa 403 507.

Phones : EPBAX 2250901, 2250902, 2263203

Fax : (0832) 2262427 E-Mail : [email protected]

Website : www.mapusaurbanbank.com

Sr.No. Branch Address Phone No.

1 MAPUSA “NANDADEEP”, Mapusa, Bardez, Goa. 403 507. 2250903/8411969173

Extension Counter Plot No. 1-B 2257321/8550993562

(Mapusa Branch) Administration Building, Thivim Industrial Estate,

Mapusa, Bardez, Goa. 403 526.

2 SIOLIM Near Motor Stand, Siolim, Bardez, Goa. 403 517. 2272231/7030924626

3 SANQUELIM Near Kadamba Bus Stand,Sanquelim, Goa. 403 505 2364233/8550993540

4 CALANGUTE “CELBEN” Apartments, Tinto, 2276058/8411969182

Calangute, Bardez, Goa. 403 516.

5 VELGUEM “Nandadeep” Ondamal, Velguem, Goa. 403 105. 2353247/8550993542

6 ALDONA Cottarbhat, Aldona, Bardez, Goa. 403 508. 2293225/8550993560

7 ANJUNA Sorranto, Anjuna, Bardez, Goa. 403 509. 2273245/8550993544

8 PANAJI “Akash Bhawan”, Heliodoro Salgado Road, 2224161/7030924623

Panaji, Goa. 403 001. 2221045

9 VASCO “Commerce Centre”, Near Main Fish Market, 2512770/8550993546

Vasco da Gama, Goa.403 802.

10 MARGAO Jagannath Building, Jose Inacio Loyola Road, 2730611/8550993547

Near Railway Gate, Margao.Salcete, Goa. 403 601.

11 DIWAR Fetorim, Diwar, Goa. 403 403. 2280004/8411969181

12 USGAO-TISK Gunwanti Building, Ground Floor, Tisk, Usgao, Goa 403 406 2344296/8550993549

13 CURCHOREM 1st Floor, Kurchadkar Building, Curchorem, Goa. 403 706. 2650376/8550993550

14 MANDREM Madhalamaz, Mandrem, Pernem, Goa. 403 527. 2247271/8550993551

15 TALEIGAO “Radha Estate” Near Market, 2452181/8550993552

Taleigao, Tiswadi, Goa. 403 002

16 QUEPEM SAI KRUPA Building, 1st Floor, 2662078/8550993553

Opp. H.P. Petrol Pump, Quepem, Goa. 403 705.

17 PONDA Royal Tower, Qaziwada, Ponda, Goa. 403 401. 2314942/8550993554

18 MAPUSA CITY 112, Ramchandra Building, Mapusa, Bardez, Goa. 403 507. 2252460/8550993555

19 CANSAULIM Boavida Building, Cansaulim, Goa. 403 712. 2754254/8550993556

20 BENAULIM Mazilwado, Near Maria Hall, Benaulim, Goa. 403 716. 2770192/8550993557

21 SANGUEM Near Bus Stand, Sanguem, Goa. 403 704. 2604070/8550993558

22 SANTA CRUZ Jovial Apartments, Santa Cruz, Goa. 403 005. 2448680/8550993559

23 PENHA DE FRANCA B. B. Borkar Road, Alto- Porvorim, Goa. 403 521. 2413475/8550993543

24 REIS MAGOS Tuanto, Verem, Reis Magos, Goa.403 114. 2402369/8550993561



2

Notice is hereby given that the 51st ANNUAL GENERAL MEETING of the BANK

will be held in our own premises at 'NANDADEEP', Mapusa, on Saturday, 24th

September, 2016 at 4.00 p.m. to transact the following business. The members of the

Bank are requested to make it convenient to attend the meeting.

A G E N D A

1. To read and confirm proceedings of the 50th Annual General Meeting held on 5th

September, 2015.

2. To present, consider and adopt the Report and Statements of Accounts for the year

ended 31.03.2016 and the report on the working of the Bank.

3. Adoption of Audit Memo & Rectification report for the year 2015-16.

4. To approve the Annual Budget of Income & Expenditure for the year 2017-18.

5. To approve the expenditure incurred in excess of the budgetary provision for the

year 2015 - 2016.

6. To appoint Statutory Auditors for the financial year 2016-2017.

7. To consider and decide upon the directions issued by Reserve Bank of India under

section 35A of Banking Regulation Act, 1949 the status of Writ Petition and

consequences arising therefrom.

8. To condone the absence of a members attending this Annual General Meeting for

his/her absence for previous Annual General Meeting, if such a written request is

made prior to the meeting.

9. To consider any other subject with the permission of the Chair.

N.B.

1. In case there is no quorum till 4.00 p.m. on 24th September, 2016, the meeting will stand

adjourned and the adjourned meeting will be conducted at 4.30 p.m. on the same dateand at the same place to transact the business on the Agenda.

2. Every firm or company, who is the member of the Bank is required to inform the Bank the

name of its representative attending the meeting by way of Resolution.

3. If any clarifications are required in respect of Annual Report, the same be sent in writingto the Bank's Head Office at 'Nandadeep', Mapusa on or before 17th September, 2016.

Suggestions are welcomed at any time.

4. The Notice and Annual Report for the year ended 31.03.2016 is available at the HeadOffice: 'Nandadeep', Mapusa and at all the Branches of the Bank.Members are kindly

requested to collect the same.

By Order of the Board

SHAILENDRA S. SAWANT

GENERAL MANAGERMapusa : 22nd August, 2016.

"NANDADEEP", MAPUSA, GOA.

N O T I C E

51st ANNUAL GENERAL MEETING



3

Dear Shareholders,

I welcome you all on behalf of the Board of Directors of the bank to this

51st Annual General Meeting of your bank and to present Annual Report

for the financial year 2015-16.

KEY PERFORMANCE INDICATORS

The performance of the Bank during the year 2014-15 & 2015-16 is as follows:-

CHAIRMAN'S SPEECH

Particulars 2015-162014-15

Share Capital

Reserves

Deposits

Advances

Investment in Government Securities

Operating Profit / Loss

Balance in Profit & Loss Account brought

forward from previous year

Gross NPAs

Net NPAs

Long Term Deposits

Credit Deposit Ratio

25.14

44.77

477.69

219.87

166.37

(-) 1.35

(-) 55.98

24.55

8.39

0.03

46.03

24.41

46.58

533.50

274.86

136.08

1.95

(-) 54.62

25.97

8.07

0.40

51.52

(Rs. in Crores)

The financial position as on 31.03.2015 was sound enough to run the bank profitably. But in

spite of this growth the Reserve Bank of India in a sudden move imposed directives u/s 35A

of Banking Regulation Act, 1949 on 24.07.2015 at close of the business prohibiting us from

undertaking the normal banking business. Our Bank had been in constant touch with the

RBI and had informed them of the road map ending with 31st March 2016 by which date we

were confident of raising almost 30 to 35 crores through Head office development project

and sale of other non banking assets as per their own directions as against minimum require-

ment of 22 crores. The sudden directives imposing embargo on normal Banking operations

have prevented us from implementing the road map assiduously prepared and submitted by



4

us to the RBI. In the circumstances and on advice of legal experts and in order to safeguard

our legal rights the Bank filed a writ petition in the Bombay High Court, Goa Bench. We

succeeded in getting favorable interim order from high Court which was later modified by

the High Court after hearing the RBI. We have explained to the Court in detail our position

and hope to get further favorable directions from High Court at the earliest possible.

Meanwhile we are also in correspondence with RBI to find an early solution to the

imbroglio. The public and share holders however continue to have confidence and faith in

our bank as they are aware of the bank's good business performance over the years in spite

of adverse economic environment and financial climate.

SHARE CAPITAL

Share capital of the bank as on 31.03.2016 is Rs.25.14 crores subscribed by 119685

members.

DEPOSITS

The deposits of the bank as on 31.03.2016 is Rs.477.69 crores. The Insurance Premium of

Deposit Insurance & Credit Guarantee Corporation has been paid by the Bank upto

September, 2016.

NON PERFORMING ASSETS & RECOVERY

At the end of the year the Gross NPAs stood at Rs.24.55 crores. During the year the Bank

recovered Rs.13.18 crores. The recoveries would have been much higher, but for pendency

of cases in various Courts awaiting final decisions. We are hopeful of early disposal of these

cases and post healthy recoveries in the NPAs accounts.

We have approached all platforms from RBI to the State Government and have tried to find

ways to resolve this crisis. Several meetings were held with RBI to find out the best solution.

The RBI has adopted stern measures in respect of the cooperative Banks in the Country.

As of date more than 36 Banks are under Section 35A directives of RBI. Banking Licences

of a few Banks have been cancelled. Some are on the watch – list of RBI. Few more are

being advised to merge with stronger Banks. The directives have shaken the Co-operative

Banking sector in the Country. Govt. of India has been pumping funds in Nationalized

Banks to cover their NPA losses and to recapitalize them. Our sector has no such cover or

support. We are victims of a biased and discriminatory framework.



5

THANKS

I thank the esteemed depositors, customers and shareholders of the Bank for their continued

trust, confidence, encouragement and support for the Bank in spite of the prevailing uncer-

tain atmosphere.

I alongwith all my colleagues on the Board thank the Officials of Reserve Bank of India,

Mumbai, Reserve Bank of India, Urban Banks Department, Goa Regional Office, Central

Registrar of Co-op. Societies, Ministry of Agriculture & Co-operation, Govt. of India, New

Delhi, Registrar of Co-op. Societies, Government of Goa and other regulatory authorities for

their continuous support, co-operation and guidance.

I acknowledge and thank the contribution made by the Management of the Goa State Co-op.

Bank Limited, HDFC Bank, Legal Advisor – Adv. Mohanlal P. Mulgaonkar, Adv. Jayant P.

Mulgaonkar and Senior Legal Counsel and present Addl Solicitor General of India – Adv.

Atmaram N. Nadkarni and M/s. Vernekar & Co. – Statutory Auditor/Chartered Accoun-

tant and Shri Ashish V. Verlekar – Tax Consultant/Chartered Accountant, M/s. Malhar

Shenoy & Company – Internal Auditor and Shri M. N. Bhartiya – Arbitrator, Camp Court,

Mapusa, Goa and Nirlab Technologies, Mega Trend as well as Infrasoft Tech India Limited.

The Board joins me in expressing our deep appreciation and gratitude to all Shareholders,

Depositors, valued Customers, all our Valuators, Architects, Engineers, Pigmy Deposit Col-

lectors and Well Wishers for their continued support and cooperation and for the faith &

confidence they have reposed in us.

I, alongwith my other colleagues on Board place on record our appreciation of the services

rendered by the employees and look forward to their continuous co-operation and more

active involvement in the bank's efforts to scale new heights in the business and customer

service of the Bank.

JAI HIND, JAI SAHAKAR

GURUDAS B. NATEKAR

CHAIRMAN

Place : Mapusa, Goa.

Date : 22nd August, 2016.



6

Sr. Name of the Assisted Relation to the Assisted AmountNo. Director/Manager Director/Manager Outstanding

1 Mr. Ramakant D. Khalap Interested in Companies 5.05

2 Mr. Ashwin R. Khalap Interested in Companies 5.05

3 Mr. Shailendra S. Sawant - G.M. Self 11.13

4 Mr. Shailendra S. Sawant - G.M. Friend 19.62

5 Mr. Mangaldas P. Naik Interested in Companies 28.74

6 Mrs. Pradnya P. Naik Friend 4.41

7 Mrs. Pradnya P. Naik Husband 0.28

8 Mr. B. V. Hadfadkar Brother 5.60

TOTAL 79.88

SHARE HOLDING AS ON 31.03.2016

(Amt. in Lakhs)

Individual 2338.79

Government ---

Others 175.60

TOTAL 2514.39

(Amt. in lakhs)

PURPOSEWISE CLASSIFICATION OF ADVANCES AS ON 31.03.2016

Purpose No. of A/cs. Amount Outstanding

1 Industry 3 14.34

2 Trade 872 2499.72

3 Professional 9 11.59

4 Transport 245 542.82

5 House Repairs 3443 4062.10

6 Agriculture 795 363.39

7 Others 6559 14492.81

TOTAL 11926 21986.77

ADVANCES TO DIRECTORS & THEIR RELATIVES AS ON 31.03.2016

(Amt.in Lakhs)

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BUDGET ESTIMATE FOR THE CO-OPERATIVE YEAR 2017-2018

Actual Figures

for the year

2014-2015

Approved Budget

for the year

2016-2017

Actual Figures

for the year

2015-2016

Proposed Budget

for the year

2017-2018

Approved Budget

For the year

2015-2016I N C O M E

Interest and Discount 55,39,17,666.20 56,00,00,000.00 50,25,59,433.77 61,00,00,000.00 48,20,00,000.00Commission & Exchange 2,22,043.73 3,00,000.00 1,32,980.82 2,00,000.00 1,00,000.00Other Receipts 5,72,81,318.71 7,00,00,000.00 1,76,04,711.17 5,00,00,000.00 4,00,00,000.00Excess provision of NPA reverted 1,75,00,000.00TOTAL INCOME 61,14,21,028.64 63,03,00,000.00 53,77,97,125.76 66,02,00,000.00 52,21,00,000.00E X P E N D I T U R E

Interest on Deposits & Borrowings 38,23,41,195.21 41,00,00,000.00 37,28,44,778.06 42,00,00,000.00 29,08,00,000.00Salaries, Allowances,etc. 12,91,23,214.81 14,00,00,000.00 11,90,32,471.65 15,00,00,000.00 15,00,00,000.00Voluntary Retirement Scheme —— —— —— —— ——Provident Fund, Gratuity etc. 2,40,02,653.91 3,00,00,000.00 2,33,89,585.55 3,00,00,000.00 3,00,00,000.00Fees, Allowances to Directors, LAC& Recovery Committee Members 1,31,420.00 2,00,000.00 1,43,110.00 2,00,000.00 2,00,000.00Rent, Taxes, Insurance, Lighting etc. 93,15,238.61 1,00,00,000.00 1,05,11,643.19 1,20,00,000.00 1,20,00,000.00Law Charges 56,180.00 1,00,000.00 57,250.00 1,00,000.00 1,00,000.00Postage, Telephone & Fax 10,31,107.95 9,00,000.00 10,17,082.13 10,00,000.00 10,00,000.00Auditors & Consultancy Fees 17,48,344.00 15,00,000.00 15,71,337.00 18,00,000.00 18,00,000.00Depreciation & Repairs 75,37,366.55 90,00,000.00 69,61,572.57 1,00,00,000.00 1,00,00,000.00Stationery & Printing 1,20,540.67 10,00,000.00 5,30,190.97 8,00,000.00 8,00,000.00Advertisement 3,09,622.00 2,00,000.00 51,366.00 3,00,000.00 3,00,000.00Commission for P.D. Agents 53,98,395.00 60,00,000.00 43,42,109.00 60,00,000.00 60,00,000.00Other Expenditure 15,49,215.57 30,00,000.00 16,06,344.86 30,00,000.00 30,00,000.00Election Charges —— —— 3,63,042.00 —— ——Unclaimed /Unidentified Amount 32,74,615.26 —— 25,74,753.30 —— ——Loss on sale of Assets —— —— —— —— ——Commission & Exchange paid 2,34,108.54 2,50,000.00 1,53,093.33 2,50,000.00 2,50,000.00Establishment expenses 1,69,053.10 —— —— —— ——Amortised value of Govt. Securities 2,68,679.00 2,50,000.00 2,40,450.00 2,50,000.00 24,500.00Core Banking Solution/ATM & others 18,04,998.00 25,00,000.00 9,37,386.00 25,00,000.00 25,00,000.00Provision for Bad & Doubtful Debts 2,21,30,000.00 —— —— —— ——Dead Stock furniture & fix. Written off —— —— 2,741.62 —— ——Provision for Investment Depreciation Reserve 13,10,000.00 —— —— —— ——Digitization of Shares 22,944.00 —— —— —— ——Income Tax paid(FY-2014-15) —— —— 49,93,000.00 —— ——Provision for STD Assets —— —— —— —— —— TOTAL EXPENDITURE 59,18,78,892.18 61,49,00,000.00 55,13,23,307.23 63,82,00,000.00 50,87,74,500.00Excess of expenditure/ income overIncome / expenditure 1,95,42,136.46 1,54,00,000.00 -1,35,26,181.47 2,20,00,000.00 1,33,25,500.00



8

Rs. P.Previous Year CAPITAL AND LIABILITIES

BALANCE SHEET AS AT 31ST MARCH, 2016

1 CAPITAL1,00,00,00,000.00 i) Authorised Capital 1,00,00,00,000.00

ii) Subscribed and paid up Capital9,98,500.00 9985 shares of Rs.100/- each 9,98,500.00

24,30,91,400.00 10017492 shares of Rs. 25/- each 25,04,37,300.002,700.00 270 shares of Rs. 10/- each 2,700.00

24,40,92,600.00 25,14,38,500.002 RESERVE FUND AND OTHER RESERVES

3,24,80,720.36 i) Reserve Fund 3,50,62,253.6628,86,529.25 ii) Dividend Equalisation Fund 28,86,529.25

3,46,71,000.00 iii) General Reserve 3,46,71,000.0018,60,97,331.51 iv) Land/Building Revaluation Reserves 18,29,67,518.51

0.00 v) Provision on Investment 0.0018,11,31,519.06 vi) Bad & Doubtful Debt Reserves 16,36,31,519.061,06,50,000.00 vii) Provision against Standard Assets 1,06,50,000.00

82,740.40 viii) Staff Welfare Fund 82,740.401,950.00 ix) Scholarship & Social Welfare Fund 1,950.00

1,77,78,318.00 x) Investment Depreciation Reserves 1,77,78,318.0046,57,80,108.58 44,77,31,828.88

3 DEPOSITS AND OTHER ACCOUNTS3,46,00,07,544.41 i) Fixed Deposits 3,17,55,10,617.56

14,93,70,876.41 ii) Pigmy Deposits 11,73,15,081.414,45,26,058.16 iii) Recurring Deposits 4,08,97,525.16

80,610.35 iv) Mahanidhi Deposits 80,610.352,08,651.99 v) Security Deposits 3,41,165.99

888.00 vi) Nirzar Deposits 888.001,53,60,00,505.26 vii) Savings Bank Deposits 1,34,74,78,884.28

11,84,95,977.03 viii) Current Deposits 6,18,40,741.5932,03,565.25 ix) Matured Deposits 28,89,075.7964,67,625.21 x) Credit Balance in Cash Credit/FBS A/Cs 72,16,782.57

1,66,23,349.00 xi) Lakhpati Deposit 2,33,76,419.005,33,49,85,651.07 4,77,69,47,791.70

4 BORROWINGS—- i) With Goa State Co-op. Bank —-—- ii) With SBI —-

40,00,000.00 iii) Long Term (Subordinated) Deposit 3,00,000.00 3,00,000.00

5 BILLS FOR COLLECTION BEING BILLS5,46,820.00 RECEIVABLE AS PER CONTRA 0.00

6 OVERDUE INTEREST RESERVE1,02,22,66,143.70 i) Loans & Advances 1,14,14,16,987.75

1,66,78,719.00 ii) Investment 1,66,78,719.001,03,89,44,862.70 1,15,80,95,706.75

1,90,34,129.51 7 INTEREST PAYABLE 1,69,25,946.09

7,10,73,84,171.86 C/F 6,65,14,39,773.42



9

1 CASHIn Hand & State Bank of India,Reserve Bank of

26,87,30,966.14 India and with the Goa State Co-op. Bank Ltd 23,28,64,165.09

2 BALANCE WITH OTHER BANKS5,56,69,743.01 i) Current Deposit 6,03,88,646.59

37,33,73,218.00 ii) Short Term Deposit 21,53,73,218.002,13,222.65 iii) NRE Deposit 2,13,222.65

iv) Fixed Deposit with3,00,00,000.00 GSC 0.001,27,00,000.00 SBI 0.00 0.00

47,19,56,183.66 27,59,75,087.24

36,75,00,000.00 3 MONEY AT CALL & SHORT NOTICE 25,00,00,000.00

4 INVESTMENTSi) In 10000 shares of Rs.100/- each of

10,00,000.00 the Goa State Coop. Bank Ltd 0.0010,100.00 ii) In Shares of other Coop.Societies 10,100.00

iii) In Central/State Govt. Sec.1,36,08,20,450.00 (at book value) 1,66,37,44,600.00

Face Value: Rs. 1679000000.00Market Value Rs.1683311200.00

0.00 iv) Other Trustee Securities 0.0075,80,000.00 v) SBI Bonds 0.00

1,36,94,10,550.00 1,66,37,54,700.005 ADVANCES

i Short Term Loans, Cash Credit,Overdrafts, Bills Discounted a) Of which Secured against

26,84,89,978.77 i) Tangible Assets 16,59,68,767.957,55,44,417.37 ii) Own Deposit 2,76,67,781.25

0.00 iii) Government Papers 0.00b) Unsecured 19,36,36,549.20

1,06,00,611.19 i) Salaried - against section 60 78,48,813.808,13,056.90 ii) Others 1,25,108.80

Of the advances amount 79,73,922.60Overdue: Rs. 67170418.06 20,16,10,471.80

ii Medium Term Loansa) Of which Secured against

0.00 i) Government Papers 0.001,62,36,16,847.99 ii) Other Tangible Assets 1,48,46,56,871.09

b) Unsecured 1,48,46,56,871.0928,70,07,107.13 i) Salaried - against section 60 17,30,33,497.0027,49,95,796.75 ii) Others 16,03,95,288.80

Of the advances, amount 33,34,28,785.80 Overdue: Rs.162777630.89 1,81,80,85,656.89

iii Long Term Loansa) Of which Secured against

20,75,68,916.00 i) Tangible Assets 17,89,81,278.002,74,86,36,732.10 Of the advances amount 2,19,86,77,406.69

Overdue: Rs.20700496.00

5,22,62,34,431.90 C/F 4,62,12,71,359.02

Previous Year Rs. P.PROPERTY AND ASSETS




10


SUBJECT TO OUR REPORT OF EVEN DATE

For VERNEKAR & CO.

CHARTERED ACCOUNTANTS.

FIRM REG.No. 128776W

(SHRIDHAR ALIAS YATISH G. P. VERNEKAR)

PROPRIETOR

Membership No.125550

(Guarantees Issued to Constituents)

7928365.00 CONTINGENT LIABILITIES - Rs. 4693532.00

1599536.00 Deaf issued - Rs.56917350.49

Note: Deposit Insurance paid in advance upto September, 2016.

Place : Panaji - Goa.

Date : 30-08-2016

7,10,73,84,171.86 B/F 6,65,14,39,773.42

8 OTHER LIABILITIES2,76,97,013.83 i) Pay Orders 1,55,14,348.53

3,37,591.00 ii) Draft Payable 3,37,167.002,83,125.00 iii) Arbitration Fees 1,48,875.00

67,66,178.53 iv) Sundry Credits 41,17,491.7893,04,049.00 v) Provision for Expenses 9,24,931.003,86,800.00 vi) Share Application Money 3,51,565.00

0.90 vii) Deposit Education & Awareness fund 1.12402.00 viii) Gold Appraiser’s Fees 0.0068.00 ix) Electricity Bill Amount 0.00

22,000.00 x) Recovery Execution Fees 13,589.0013,723.00 xi) CERSAI Registration Charges 42,315.00

49,80,995.00 xii) Income Tax Deducted at Source 45,91,649.000.00 xiii) District Court legal fees 4,67,000.000.00 xiv) Rent Payable 21,600.00

4,97,91,946.26 2,65,30,532.43

0.00 9 BRANCH ADJUSTMENTS 0.00

7,15,71,76,118.12 TOTAL 6,67,79,70,305.85

Rs. P.Previous Year CAPITAL AND LIABILITIES



11


For THE MAPUSA URBAN CO-OPERATIVE BANK OF GOA LIMITED

Sd./-

PRADNYA P. NAIK

Vice Chairman

5,22,62,34,431.90 B/F 4,62,12,71,359.02

6 INTEREST RECEIVABLE1,02,22,66,143.70 i) On Loans and Advances 1,14,14,16,987.75

5,74,11,656.00 ii) On Investment 5,67,73,003.001,07,96,77,799.70 Of which overdue: Rs.1158095706.75 1,19,81,89,990.75

7 LAND AND BUILDING12,45,23,700.00 Land 12,45,23,700.007,50,26,523.00 Building 7,50,26,523.00

Less Depreciation 37,51,327.00 7,12,75,196.00 19,57,98,896.00

1,14,73,886.52 8 (a) Dead Stock, Fur., Fix.& Computers 1,48,15,069.40 Less Depreciation 29,32,406.00 1,18,82,663.40

1,24,040.12 (b) Motorcycle / Scooters/Cars. 1,23,770.12Less Depreciation 24,754.00 99,016.12 1,19,81,679.52

9 BILLS RECEIVABLE BEING BILLS FOR5,46,820.00 COLLECTION AS PER CONTRA 0.00

10 OTHER ASSETS13,76,383.11 i) Stock of Stationery & Printing 11,06,054.30

4,430.25 ii) Postal Stamps in hand 4,956.2536,03,921.11 iii) Sundry Debtors 34,32,805.13

5,65,241.00 iv) Prepaid Expenses 5,53,797.5059,761.95 v) Library Books 56,753.9436,756.91 vi) O. Y. T./Other Deposits 16,090.88

0.00 vii) Deaf Receivable (RBI) 23,22,833.042,59,396.50 viii) Security Deposit 3,04,396.50

29,17,808.60 ix) I. T. Claims Receivable 40,45,135.6030,150.00 x) Draft Paid in Advance 30,150.00

69,75,457.50 xi) Commission Receivable 25,97,428.003,69,950.00 xii) Premium paid on Investment 1,29,500.008,73,044.00 xiii) Service Tax Receivable 3,78,677.00

1,70,72,300.93 1,49,78,578.147,62,55,511.00 11 NON-BANKING ASSETS 7,59,84,016.00 7,59,84,016.00

(Acquired in satisfaction of claims)

1,500.00 12 BRANCH ADJUSTMENT 0.00

13 PROFIT & LOSS ACCOUNT56,57,81,741.41 Accumulated losses as on 31.03.2015 54,62,39,604.95

1,95,42,136.46 Add : Loss for the year 31.03.2016 1,35,26,181.4754,62,39,604.95 55,97,65,786.42

7,15,71,76,118.12 TOTAL 6,67,79,70,305.85

Sd./-


General Manager

Sd./-

PRASHANT V. DAURE

AGM

Sd./-

GURUDAS B. NATEKAR

Chairman

Previous Year Rs. P.PROPERTY AND ASSETS



12

STATEMENT OF PROFIT AND LOSS ACCOUNT

PREVIOUS

YEAR E X P E N D I T U R E A M O U N T

SUBJECT TO OUR REPORT OF EVEN DATE

For VERNEKAR & CO.

CHARTERED ACCOUNTANTS.

FIRM REG. No. 128776W

(SHRIDHAR ALIAS YATISH G. P. VERNEKAR)

PROPRIETOR

Membership No.125550

37,92,39,496.21 Interest on Deposits 37,28,07,056.06

31,01,699.00 Interest on Borrowings 37,722.00

12,91,23,214.81 Salaries, Allowances, etc. 11,90,32,471.65

1,59,91,016.91 Provident Fund etc. 1,42,58,414.55

80,11,637.00 Gratuity Fund 91,31,171.00

1,31,420.00 Director’s Sitting Fees/Travelling Allowances 1,43,110.00

93,15,238.61 Rent, Taxes, Insurance & Lighting 1,05,11,643.19

10,31,107.95 Postage, Telephone & Fax Charges 10,17,082.13

56,180.00 Law charges 57,250.00

17,48,344.00 Audit and Consultancy Fees 15,71,337.00

75,37,366.55 Depreciation and Repairs to Property 69,61,572.57

2,34,108.54 Commission and Exchange Paid 1,53,093.33

1,20,540.67 Printing & Stationery 5,30,190.97

3,09,622.00 Advertisements 51,366.00

53,98,395.00 Commission paid to Pigmy Collectors 43,42,109.00

1,69,053.10 Establishment Charges 0.00

32,74,615.26 Unclaimed/Unidentified Amount transferred to Reserves 25,74,753.300.00 Dead stock furnitures and fixtures written off 2,741.62

0.00 Election Expenses 3,63,042.00

2,68,679.00 Amortisation of premium on Government Securities 2,40,450.00

18,04,998.00 MPLS/VPN Conn. for Data Centre 9,37,386.00

15,49,215.57 Other Expenditure 16,06,344.86

13,10,000.00 Provision for Investment Depreciation Reserves 0.00

2,21,30,000.00 Provision for Bad & Doubtful Debts 0.00

22,944.00 Digitization of Shares 0.00

0.00 Income Tax paid (FY- 2014-15) 49,93,000.00

1,95,42,136.46 Excess of Income over Expenditure 0.00

61,14,21,028.64 TOTAL 55,13,23,307.23

Place : Panaji - Goa.

Date : 30-08-2016



13

FOR THE YEAR ENDED 31ST MARCH, 2016

PREVIOUS

YEARI N C O M E A M O U N T

TOTAL

39,67,51,076.41 Interest on Loans and Advances 34,64,81,406.97

15,69,56,644.79 Interest on Investment 15,60,78,026.80

2,09,945.00 Dividend on Shares 0.00

2,22,043.73 Commission and Exchange 1,32,980.82

5,670.00 Share Transfer Fees 0.00

55,24,869.35 Profit on Sale of Assets 10,91,955.00

3,16,40,000.00 Profit on Trading of Securities 59,98,950.00

16,670,335.10 Other Receipts 75,25,211.22

0.00 Bad Debts written off recovered 2,56,305.65

32,74,615.26 Unclaimed/Unidentified Amount 25,74,753.30

1,65,829.00 Building Revalution Reserve Written back 1,57,536.00

0.00 Excess Provisioning Reverted 1,75,00,000.00

(Non Operating Profit)

0.00 Excess of Expenditure over Income 1,35,26,181.47

61,14,21,028.64 55,13,23,307.23

For THE MAPUSA URBAN CO-OPERATIVE BANK OF GOA LIMITED

Sd./-

PRADNYA P. NAIK

Vice Chairman

Sd./-


General Manager

Sd./-

PRASHANT V. DAURE

AGM

Sd./-

GURUDAS B. NATEKAR

Chairman



14

ceeieerue Je<ee&Ûes Deekeâ[s Yeeb[Jeue Je osCeer jkeäkeâce®. hewmes ®. hewmes

efo cnehemee Deye&ve keâes-Dee@hejsefšJn yeBkeâ Dee@Heâ ieesJee efueefcešs[(ceefuš mšsš mMes[Ÿetu[ yeBkeâ)

31 ceeÛe& 2016 Ûee leeUsyebo

1. Yeeie Yeeb[Jeue1,00,00,00,000.00 DeefOeke=âle Yeeb[Jeue 1,00,00,00,000.00

Jemegue Peeuesues Yeeie Yeeb[Jeue9,98,500.00 9985 Yeeie ØelÙeskeâer ®. 100/- Ûes 9,98,500.00

24,30,91,400.00 10017492 Yeeie ØelÙeskeâer ®. 25/- Ûes 25,04,37,300.002,700.00 270 Yeeie ØelÙeskeâer ®. 10/- Ûes 2,700.00

24,40,92,600.00 25,14,38,500.002. jeKeerJe Je Flej efveOeer

3,24,80,720.36 1. jeKeerJe efveOeer 3,50,62,253.6628,86,529.25 2. ueeYeebMe meceerkeâjCe efveOeer 28,86,529.25

3,46,71,000.00 3. meJe&meeOeejCe jeKeerJe efveOeer 3,46,71,000.0018,60,97,331.51 4. peeiee efkebâJee Fceejle hegve&cetuÙeebkeâve efveOeer 18,29,67,518.51

0.00 5. iegbleJeCetkeâ lejleto 0.0018,11,31,519.06 6. yeg[erle Je mebMeÙeerle keâpe& efveOeer 16,36,31,519.061,06,50,000.00 7. Glheeefole ceeueceòesJej kesâuesueer lejleto 1,06,50,000.00

82,740.40 8. keâce&Ûeejer keâuÙeeCe efveOeer 82,740.401,950.00 9. efMe<ÙeJe=òeer Je meeceeefpekeâ keâuÙeeCe efveOeer 1,950.00

1,77,78,318.00 10.iegbleJeCetkeâ Iemeeje efveOeer 1,77,78,318.0046,57,80,108.58 44,77,31,828.88

3. "sJeer Je Flej KeeleeR3,46,00,07,544.41 1. cegole "sJeer 3,17,55,10,617.5614,93,70,876.41 2. efheiceer "sJeer 11,73,15,081.414,45,26,058.16 3. efjkeâjeRie "sJeer 4,08,97,525.16

80,610.35 4. ceneefveOeer "sJeer 80,610.352,08,651.99 5. megj#ee "sJeer 3,41,165.99

888.00 6. efvePe&j "sJeer 888.001,53,60,00,505.26 7. yeÛele "sJeer 1,34,74,78,884.2811,84,95,977.03 8. Ûeeuet "sJeer 6,18,40,741.59

32,03,565.25 9. heefjhekeäJe "sJeer 28,89,075.7964,67,625.21 10.ke@âMe ›esâ[erš / SHeâ.yeer.Sme. pecee efMeuuekeâ 72,16,782.57

1,66,23,349.00 11.ueKeheleer "sJeer 2,33,76,419.005,33,49,85,651.07 4,77,69,47,791.70

4. keâpeX—- 1. ieesJee mšsš keâes-Dee@he. yeBkeâ efueefcešs[ keâ[tve —-—- 2. mšsš yeBkeâ Dee@Heâ Fbef[Ùee keâ[tve —-

40,00,000.00 3. oerIe& cegole (meyeDee@[eavesš[) "sJeer Ùeespevee 3,00,000.00 3,00,000.005,46,820.00 5. Jemegueermee"er Ûeskeäme, ngb[Ÿee (Gueš yeepetØeceeCes) 0.00

6 Lekeâerle JÙeepe lejleto efveOeer1,02,22,66,143.70 keâpee&mee"er 1,14,14,16,987.751,66,78,719.00 iegbleJeCegkeâermee"er 1,66,78,719.00 1,15,80,95,706.751,03,89,44,862.70

1,90,34,129.51 7. JÙeepe osCes 1,69,25,946.09

7,10,73,84,171.86 heg{s Ûeeuet 6,65,14,39,773.42



15

ceeieerue Je<ee&Ûes Deekeâ[s eEpeoieer Je ÙesCeer jkeäkeâce



®. hewmes ®. hewmes

1. jesKeneleeleerue efMeuuekeâ, mšsš yeBkeâ Dee@Heâ Fbef[Ùee,

26,87,30,966.14 efjPeJe& yeBkeâ Dee@Heâ Fbef[Ùee Je ieesJee mšsš keâes-Dee@he. yeBkeâ efue. 23,28,64,165.09Ùeebkeâ[erue efMeuuekeâ2. Flej yeBkeâekeâ[erue efMeuuekeâ

5,56,69,743.01 1. Ûeeuet "sJeer 6,03,88,646.5937,33,73,218.00 2. Deuhecegole "sJeer 21,53,73,218.00

2,13,222.65 3. Sved. Deej. F. "sJeer 2,13,222.654. cegole "sJeer

3,00,00,000.00 ieesJee mšsš keâes. Dee@he. yeB.efue. 0.001,27,00,000.00 mšsš yeBkeâ Dee@he Fbef[Ùee 0.00 00.0047,19,56,183.66 27,59,75,087.2436,75,00,000.00 3. Deuhecegole Je metÛevee "sJeer 25,00,00,000.00

4. iebgleJeCetkeâ1. ieesJee jepÙe men. yeBkesâÛes 10000 Yeeie

10,00,000.00 (ØelÙeskeâer ®. 100 /- Ûee) 10,00,000.0010,100.00 2. DevÙe men. mebmLeebÛÙee MesDeme&ceOÙes 10,100.00

1,36,08,20,450.00 3. Yeejle mejkeâejÛes jesKes (hegmlekeâer efkeâbcele) 1,66,37,44,600.00oMe&veer efkebâcele ®. 1,67,90,00,000.00yeepeejer eEkeâcele ®. 1,68,33,11,200.00

0.00 4. DevÙe efJeÕemle jesKes 0.0075,80,000.00 5. Sme. yeer. DeeÙe. yee@C[med 0.00

1,36,94,10,550.00 1,66,37,54,700.005. keâpex

1. DeuheyeÛele, ke@âMe›esâef[š, DeesJnj[^eHeäš,efyeume ef[mkeâeGvšs[ Jeiewjs(De) lÙeehewkeâer Keeueerue š=MÙe leejCeeJej :

26,84,89,978.77 1. JemlegJej 16,59,68,767.957,55,44,417.37 2. mJele:ÛÙee "sJeerJej 2,76,67,781.25

0.00 3. mejkeâejer jesKes 0.00(ye) JewÙeefòeâkeâ nceerJej : 19,36,36,549.20

1,06,00,611.19 heieej keâheele 78,48,813.808,13,056.90 DevÙe 1,25,108.80

hewkeâer Lekeâyeekeâer ®. 6,71,70,418.06 79,73,922.602. ceOÙece cegoleerÛeer keâpex : 20,16,10,471.80

(De) lÙeehewkeâer š=MÙe leejCeeJej :0.00 1. mejkeâejer jesKes ®. 0.00

1,62,36,16,847.99 2. Flej leejCeeJej 1,48,46,56,871.09(ye) JewÙeefòeâkeâ nceerJej : 1,48,46,56,871.09

28,70,07,107.13 heieej keâheele 17,30,33,497.0027,49,95,796.75 DevÙe 16,03,95,288.80

hewkeâer Lekeâyeekeâer ®. 16,27,77,630.89 33,34,28,785.801,81,80,85,656.89

3. oerIe& cegoleerÛeer keâpex :(De) lÙeehewkeâer š=MÙe leejCeeJej :

20,75,68,916.00 1. JemlegJej 17,89,81,278.002,74,86,36,732.10 hewkeâer Lekeâyeekeâer ®. 2,07,00,496.00 2,19,86,77,406.69

5,22,62,34,431.90 heg{s Ûeeuet 4,62,12,71,359.02



16



DeØelÙe#e peyeeyeoejer ®. 46,93,532.00[sHeâ FMegJe[ ®. 5,69,17,350.49Keelesoejebkeâefjlee efouesuÙee nceer

7928365.001599536.00

mLeU : heCepeer, ieesJee.efoveebkeâ : 30-08-2016

efšhe : ef[hee@efPeš Fvmegjvme efØeefceÙece - mehšWyej 2016 heÙeËle YejuesuÙee Deens.

7,10,73,84,171.86 ceeieerue Ûeeuet 6,65,14,39,773.42

8. Flej ÙesCeer2,76,97,013.83 1. hes Dee@[&me& 1,55,14,348.53

3,37,591.00 2. Jemegue ve kesâuesues [^eHeäš 3,37,167.002,83,125.00 3. ueJeeo Heâer 1,48,875.00

67,66,178.53 4. mev[^er ›esâ[erš 41,17,491.7893,04,049.00 5. KeÛee&Ûeer lejleto 9,24,931.00

3,86,800.00 6. MesDej De@hueerkesâMeve ceveer 3,51,565.000.90 7. [@heespeerš SpÙegkesâMeve De@C[ SJnsjveme Hebâ[ 1.12

402.00 8. meesvÙeeÛes ceesue "jefJeCÙeeNÙeemee"er Heâer 0.0068.00 9. efJepe efyeumeÛeer jkeäkeâce 0.00

22,000.00 10. keâpe&pehle efveOeer 13,589.0013,723.00 11. mesjmeeÙe jefpemš^sMeve Ûeejpeerme 42,315.00

49,80,995.00 12. DeeÙekeâj šer.[er.Sme. 45,91,649.000.00 13. efpeune vÙeeÙeeueÙeele keâeÙeosMeerj Megukeâ 4,67,000.000.00 14. osÙe Yee[s 21,600.00

4,97,91,946.26 2,65,30,532.43

0.00 9. MeeKeebleie&le Keeles pegUJeCeer 0.00

7,15,71,76,118.12 SketâCe 6,67,79,70,305.85

DeeceÛÙee efouesuÙee leejKesÛÙee GuuesKeerle DenJeeueevegmeejJesCexkeâj De@C[ kebâheveer keâefjleeb

ÛeešË[ DekeâeQšbšmedHeâce& jefpe. veb. 128776[yuet

meefn/-(ßeerOej GHe&â ÙeleerMe peer. heer. JesCexkeâj)

ØeesØeeÙešjceWyejefMehe veb. 125550



17



efo cnehemee Deye&ve keâes-Dee@hejsefšJn yeBkeâ Dee@Heâ ieesJee efueefcešs[ keâefjleeb

5,22,62,34,431.90 ceeieerue Ûeeuet 4,62,12,71,359.02

6. JÙeepe ÙesCes1,02,22,66,143.70 1 keâpee&Jejerue JÙeepe 1,14,14,16,987.75

5,74,11,656.00 2 iegbleJeCegkeâerJejerue JÙeepe 5,67,73,003.001,07,96,77,799.70 lÙeehewkeâer DeesJnj[Ÿet : ®. 1,15,80,95,706.75 1,19,81,89,990.75

7. peeiee Je Fceejle12,45,23,700.00 peeiee 12,45,23,700.007,50,26,523.00 Fceejle 7,50,26,523.00

Jepee Iemeeje 37,51,327.00 7,12,75,196.00 19,57,98,896.001,14,73,886.52 8. (De) [s[ mše@keâ Heâe|ve&Ûej

HeâerkeäÛeme& Je keâece 1,48,15,069.40Jepee Iemeeje 29,32,406.00 1,18,82,663.40

1,24,040.12 (ye) ceesšj meeÙekeâue/mketâšme&/keâej 1,23,770.12Jepee Iemeeje 24,754.00 99,016.12 1,19,81,679.52

5,46,820.00 9. Jemegueermee"er Ûeskeäme Je ngb[Ÿee (Gueš yeepetØeceeCes) 0.0010. Flej eEpeoieer

13,76,383.11 1. mšsMevejer Je ÚheeF& efMeuuekeâ 11,06,054.304,430.25 2. heesmšspe efleefkeâšebÛeer efMeuuekeâ 4,956.25

36,03,921.11 3. Flej ÙesCeer 34,32,805.135,65,241.00 4. DeeieeT KeÛe& 5,53,797.50

59,761.95 5. ueeÙeyeÇjer hegmlekesâ 56,753.9436,756.91 6. Dees. JeeÙe. šer. /Flej ef[heesPeeršdme 16,090.88

0.00 7. [sHeâ efjmeerJnsyeue (Deej yeer DeeÙe) 23,22,833.042,59,396.50 8. leejCe pecee 3,04,396.50

29,17,808.60 9. «enCeerÙe DeeÙekeâj 40,45,135.6030,150.00 10.[^eHeäš mebyebOeer efouesueer jkeäkeâce 30,150.00

69,75,457.50 11.keâefceMeve ÙesCes 25,97,428.003,69,950.00 12.efØeefceÙece hes[ Dee@ve FveJnsmšceWš 1,29,500.008,73,044.00 13.keâeceeÛee DeeÙekeâj ÙesCes 3,78,677.00

1,70,72,300.93 1,49,78,578.147,62,55,511.00 11. vee@ve yeBeEkeâie De@mesšdme 7,59,84,016.00 7,59,84,016.00

(DekeäJeeÙe[ F&ve mesšermeHesâkeäMeve Dee@Heâ keäuesceme)1,500.00 12. Keelee meceeÙeespeve 0.00

13. veHeâe leesše Keeles56,57,81,741.41 meb«enerle leesše 31.03.2015 54,62,39,604.95 1,95,42,136.46 DeefOekeâ - Ûeeuet Je<ee&Ûee leesše 31.03.2016 1,35,26,181.4754,62,39,604.95 55,97,65,786.42

7,15,71,76,118.12 SketâCe 6,67,79,70,305.85

mener/-

ieg®oeme yeer. veešskeâjDeOÙe#e

mener/-Øe%ee Øe. veeF&keâ

GheeOÙe#e

mener/-Mewuesõ Meeb meeJeble

mejJÙeJemLeehekeâ

mener/-ØeMeeble Jner. oeJejsGhemejJÙeJemLeehekeâ



18

ceeieerue Je<ee&Ûes Deekeâ[s KeÛe& jkeäkeâce


31 ceeÛe& 2016 jespeer DeKesj mebheuesuÙee Je<ee&Ûes veHeâe leesše he$ekeâ

37,92,39,496.21 "sJeerJejerue JÙeepe 37,28,07,056.0631,01,699.00 keâpee&Jejerue JÙeepe 37,722.00

12,91,23,214.81 Jesleve Yeòes F. 11,90,32,471.651,59,91,016.91 ØeeseqJn[bš Heâb[ F. 1,42,58,414.55

80,11,637.00 «e@ÛÙegFšer 91,31,171.001,31,420.00 mebÛeeuekeâ efcešeRie Yeòee/ØeJeeme KeÛe& 1,43,110.00

93,15,238.61 Yee[s, keâj, efJecee efJepe FlÙeeefo 1,05,11,643.1910,31,107.95 šheeue, leej, otjOJeveer KeÛe& 10,17,082.13

56,180.00 keâeÙeosefJe<eÙekeâ KeÛe& 57,250.0017,48,344.00 efnMeesye leheemeveerme Megukeâ 15,71,337.0075,37,366.55 ceeueceòesJejerue Iemeeje Je og®mleer 69,61,572.572,34,108.54 keâefceMeve Je efJeefveceÙe 1,53,093.331,20,540.67 mšsMevejer Je ÚheeF& 5,30,190.973,09,622.00 peeefnjele 51,366.00

53,98,395.00 efheiceer keâueskeäšme&vee keâefceMeve 43,42,109.001,69,053.10 SmšeyeueerMeceWš KeÛe& 00.00

32,74,615.26 De«enCeerÙe / DeveesUKeer jeKeerJe efveOeerle pecee kesâuesueer jkeäkeâce 25,74,753.300.00 ceeueceòesÛÙee efJeef›eâJejerue leesše 2,741.620.00 efveJe[Cetkeâ KeÛe& 3,63,042.00

2,68,679.00 leejCe he$eeJejerue keâceer kesâuesues DeefOecetuÙe 2,40,450.0018,04,998.00 Sce heer Sue Sme / Jner. heer Sved keâveskeäMeve [sše meWšj 9,37,386.0015,49,215.57 Flej KeÛe& 16,06,344.8613,10,000.00 iegbleJeCetkeâerJej Iemeeje efveOeer 0.00

2,21,30,000.00 yeg[erle keâpe& efveOeer 0.0022,944.00 [erpeeršerpesMeve Dee@Heâ Mesj jerkeâes[ 0.00

0.00 Fvekeâve š@keäme hes[ (2014-15) 49,93,000.001,95,42,136.46 KeÛee&hes#ee peemle Øeehleer 0.00

61,14,21,028.64 SketâCe 55,13,23,307.23

DeeceÛÙee efouesuÙee leejKesÛÙee GuuesKeerle DenJeeueevegmeejJesCexkeâj De@C[ kebâheveer keâefjleeb

ÛeešË[ DekeâeQšbšmedHeâce& jefpe. veb. 128776[yuet

meefn/-(ßeerOej GHe&â ÙeleerMe peer. heer. JesCexkeâj)

ØeesØeeÙešjceWyejefMehe veb. 125550

mLeU : heCepeer, ieesJee.efoveebkeâ : 30-08-2016



19

ceeieerue Je<ee&Ûes Deekeâ[s GlheVe jkeäkeâce

efo cnehemee Deye&ve keâes-Dee@hejsefšJn yeBkeâ Dee@Heâ ieesJee efueefcešs[ keâefjleeb

31 ceeÛe& 2016 jespeer DeKesj mebheuesuÙee Je<ee&Ûes veHeâe leesše he$ekeâefo cnehemee Deye&ve keâes-Dee@hejsefšJn yeBkeâ Dee@Heâ ieesJee efueefcešs[

(ceefuš mšsš mMes[Ÿetu[ yeBkeâ)

39,67,51,076.41 keâpee&Jejerue JÙeepe 34,64,81,406.97

15,69,56,644.79 iegbleJeCetkeâerJejerue JÙeepe 15,60,78,026.80

2,09,945.00 [erJner[b[ Dee@ve MesDeme& 0.00

2,22,043.73 keâefceMeve DeeefCe efJeefveceÙe JešeJe 1,32,980.82

5,670.00 MesDej š^evmeHeâj Heâer 0.00

55,24,869.35 ceeueceòesÛÙee efJe›eâerJej HeâeÙeoe 10,91,955.00

3,16,40,000.00 mejkeâejer keâpe&jesKes efJe›eâerJejerue veHeâe 59,98,950.00

1,66,70,335.10 Flej pecee 75,25,211.22

0.00 yeg[erle keâpe& yebo uesKeer Jemetueer 2,56,305.65

32,74,615.26 De«enCeerÙe / DeveesUKeer jkeäkeâce 25,74,753.30

1,65,829.00 efyeu[eRie efjJe@uetÙeMeve efjpeJe efjšve yeÇWkeâ 1,57,536.00

0.00 peemle kesâuesueer lejleto hejleeJee 1,75,00,000.00

(vee@ve Dee@hejsefšJn veHeâe)

0.00 Øeeefhlehes#ee peemle KeÛe& 1,35,26,181.47

61,14,21,028.64 55,13,23,307.23

mener/-

ieg®oeme yeer. veešskeâjDeOÙe#e

mener/-Øe%ee Øe. veeF&keâ

GheeOÙe#e

mener/-Mewuesõ Meeb meeJeble

mejJÙeJemLeehekeâ

mener/-ØeMeeble Jner. oeJejsGhemejJÙeJemLeehekeâ



20

Disclosure of various information as required by RBI vide their circularNo. UBD CO. BP.PCB 20/16/45.00/2002-2003 dated 30th October, 2002

Sr.

No.Particulars (Rs. in lakhs)

As on 31-03-2015

(Rs. in lakhs)

As on 31-03-2016

1 Capital to Risk Assets Ratio -7.56 -10.372 Movement of CRAR -7.56 -10.37

(CRAR for the Current year vis-à-vis previous year)3 Investments:

a) Book value of Investments 13608.21 16637.45b) Face value of Investments 13790.00 16790.00c) Market value of Investments 13671.61 16833.11

4 Advances against Real Estate,Construction, business,housing etc. 27486.37 21986.775 Advances against share & debentures — —6 Advances to director, their relatives Companies/firms in which they are interested

a) Fund - based 61.90 49.13b) Non fund - based (Guarantees,L/C, etc.) — —

7 Cost of deposits: Average cost of deposits 7.35 7.438 NPAs:

a) Gross NPAs 2597.28 2454.83b) Net NPAs 806.63 839.18

9 Movement of NPAsa) Gross NPAs 2597.28 2454.83b) Net NPAs 806.63 839.18

10 Profitabilitya) Interest income as a percentage of working funds 10.29 10.52b) Non-interest income as a percentage of working funds 1.07 0.37c) Operating profit as a percentage of working funds 0.80 -d) Return on Assets (ROA) 0.38 -e) Business (Deposits+Advances) per employee 357.68 318.52f) Profit per employee 0.86 -

11 a) Provision made towards NPAs, depreciation in investments 2074.93 1920.60b) Coverage Ratio 68.94 65.82

12 Movement in provisions:a) Towards NPAS 1790.65 1636.32b) Towards depreciation on investments 177.78 177.78c) Towards standard assets 106.50 106.50

13 Foreign Currency assets and liabilites(if applicable) N A N A14 Whether the Insurance Premium has been paid up Paid upto Paid upto

to date to DICGC Sept., 2015 Sept., 201615 Audit Rating C+ C

In terms of para 16 of RBI letter no. BPOPCB.Cir 45/16.20.00/2003-2004dtd 15.04.2004 the following disclosure in respect of non SLR investment is made.

16 Issuer Composition of Non SLR Investment 85.90 0.10i) Performing 75.80 -

SBI Bonds 75.80 -Shares in Co-op. Bank — —

ii) Non-Performing 10.10 0.10Shares in Co-op. Institutions 0.10 0.10Share in Co-op. Bank 10.00 -

17 RBI has imposed monetary penalty of Rs. 5.00 lakhs for violation of Directive/direction issued by the Reserve Bank of India in respect of payment of interestrates on term deposits, single and group borrower exposure limits and grant ofunsecured advances. Amount paid on 09.06.2016



21

INDEPENDENT AUDITOR'S REPORT

To,

The Members of the Mapusa Urban Co-operative Bank of Goa Limited,

Mapusa, Goa.

A. REPORT ON THE FINANCIAL STATEMENTS

We have audited the accompanying Financial Statements of The Mapusa Urban Co-operativeBank of Goa Limited, Mapusa, Goa which comprise the Balance Sheet as at 31st March 2016and Profit and Loss Account for the year then ended, a summary of significant accountingpolicies and other explanatory information.

Management's Responsibility for the Financial Statements :

Management of the Bank is responsible for the preparation of these Financial Statements thatgive true and fair view of the financial position and financial performance of the Bank in accor-dance with the Banking Regulation Act, 1949. This responsibility includes the design, imple-mentation and maintenance of internal control relevant to the preparation and fair presentationof the financial statements that are free from material misstatement, whether due to fraud orerror.

Auditors' 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 on Auditing issued by the Instituteof Chartered Accountants of India. Those Standards require that we comply with ethical re-quirements and plan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and dis-closures in the financial statements. The procedures selected depend on the auditors' judge-ment, including the assessment of the risks of material misstatement of the financial state-ment, whether due to fraud or error. In making those risk assessments, the auditor considersinternal control relevant to the bank's preparation and fair presentation of the financial state-ments in order to design audit procedures that are appropriate in the circumstances. An auditalso includes evaluating the appropriateness of accounting policies used and the reasonable-ness of the accounting estimates made by management, as well as evaluating the overallpresentation of the financial statements.

Because of the matter described in the Basis for Disclaimer of Opinion paragraph, however, wewere not able to obtain sufficient appropriate audit evidence to provide a basis for an auditopinion.

BASIS FOR DISCLAIMER OF OPINION

The Accounting Standard 15 (Revised) on Employees Benefits has not been complied with tothe extent that accrued liability on account of gratuity and leave expense (PL and SL) as at thereporting date has not been provided for.



22

13999W

For Vernekar & Co.

Chartered Accountants

Firm Reg. No. 128776W

Sd/-

Shridhar alias Yatish GP Vernekar

Proprietor

Membership No 125550

Place: Panaji, Goa

Date : 30/08/2016

For gratuity the bank deposits annual premium with LIC of India which is charged to the profitand loss account. However, independent actuarial valuation as required by AS 15 (revised) isnot carried out and the impact of which may be significant but unascertained.

OPINION

In our opinion proper books of accounts have been kept so far as it appears from the examina-tion of these books and the said Balance Sheet & Profit & Loss Account examined by us arein agreement with the books of accounts of the bank.

Because of the significance of the matters described in the Basis for Disclaimer of Opinionparagraph, we have not been able to obtain sufficient appropriate audit evidence to provide abasis for an audit opinion. Accordingly, we do not express an opinion on the financial state-ments.

B. EMPHASIS OF MATTER

Further we invite attention to Emphasis of Matter forming part of this report.

C. REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

In terms of sub section (4) of Section 73 of the Multi-State Co-operative Societies Act, 2002, wehave to further report that

a. Subject to the limitations of the audit as indicated in Paragraphs 3 to 5 above, we reportthat we have obtained all the information and explanations which to the best of our knowl-edge and belief were necessary for the purpose of the audit ;

b. in our opinion, proper books of account as required by the Multi-State Co-operative Soci-eties Rules, 2002 and the bye laws have been kept by the bank so far as appears fromour examination of those books and the proper returns adequate for the purposes of ouraudit have been received from branches of the Bank;

c. We do not have any statement to offer as regards the manner in which other branchauditor's report was dealt with since there was no such appointment ;

d. the Balance Sheet and Profit and Loss account dealt with by this report are in agreementwith the books of account and returns;



23

LIST OF IFSC CODE OF ALL THE BRANCHES

BR. CODE BRANCH IFS CODE

O2 MAPUSA HDFC0CMUCBG

O3 SIOLIM HDFC0CMBG03

O4 SANQUELIM HDFC0CMBG04

O5 CALANGUTE HDFC0CMBG05

O6 VELGUEM HDFC0CMBG06

O7 ALDONA HDFC0CMBG07

O8 ANJUNA HDFC0CMBG08

O9 PANAJI HDFC0CMBG09

10 VASCO HDFC0CMBG10

11 MARGAO HDFC0CMBG11

12 DIVAR HDFC0CMBG12

13 USGAO TISK HDFC0CMBG13

14 CURCHOREM HDFC0CMBG14

15 MANDREM HDFC0CMBG15

16 TALEIGAO HDFC0CMBG16

17 QUEPEM HDFC0CMBG17

18 PONDA HDFC0CMBG18

19 MAPUSA CITY HDFC0CMBG19

20 CANSAULIM HDFC0CMBG20

21 BENAULIM HDFC0CMBG21

22 SANGUEM HDFC0CMBG22

23 SANTA CRUZ HDFC0CMBG23

24 PENHA DE FRANCA HDFC0CMBG24

25 REIS MAGOS HDFC0CMBG25

26 EXTENSION COUNTER HDFC0CMUCBG



24

LIST OF MICR CODE OF ALL THE BRANCHES

BR. CODE BRANCH MICR CODE

O2 MAPUSA 403418003

O3 SIOLIM 403418004

O4 SANQUELIM 403418005

O5 CALANGUTE 403418006

O6 VELGUEM 403418007

O7 ALDONA 403418008

O8 ANJUNA 403418009

O9 PANAJI 403418002

10 VASCO 403418010

11 MARGAO 403418011

12 DIVAR 403418012

13 USGAO TISK 403418013

14 CURCHOREM 403418014

15 MANDREM 403418015

16 TALEIGAO 403418016

17 QUEPEM 403418017

18 PONDA 403418018

19 MAPUSA CITY 403418019

20 CANSAULIM 403418020

21 BENAULIM 403418021

22 SANGUEM 403418022

23 SANTA CRUZ 403418023

24 PENHA DE FRANCA 403418026

25 REIS MAGOS 403418027

26 EXTENSION COUNTER 403418003

the mapusa urban co-op. bank of goa ltd....

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