KURMANCHAL NAGAR SAHKARI BANK LTD ,HO NAINITAL

BALANCE SHEET AS ON 31st MARCH 2011

CAPITAL AND LIABILITIES

2010

1 CAPITAL
i
Authorised Capital
ii
Subscribed Capital

ASSETS AND PROPERTY

2011

2010

1 CASH IN HAND

TOTAL

100,000,000.00
85,887,760.00
85,887,760.00

200,000,000.00
151,662,840.00
151,662,840.00

TOTAL

370,447,042.85
14,000,000.00
3,300,000.00
10,000,000.00
18,923,273.84
140,000.00
50,000.00
1,300,000.00
19,939,530.38
33,172,568.23
471,272,415.30

424,976,723.47
14,000,000.00
3,300,000.00
40,000,000.00
45,425,664.41
140,000.00
50,000.00
1,300,000.00
27,978,384.58
33,172,568.23
590,343,340.69

2 RESERVE FUND AND OTHER RESERVES

i
Statutory Reserve Fund
ii
Building Fund
iii Dividend Equalisation Fund
iv Investment Fluctuation Reserve
v
Bad and Doubtful Debt Reserve
vi Staff Welfare Fund
vii Cultural and Youth Welfare Fund
viii Investment Depreciation Reserve
ix Provision for Standard Assets
x
General Provisions

3 DEPOSITS AND OTHER ACCOUNTS

i
Term Deposits
Fixed Deposit
Mini Deposit
Recurring Deposit
Security MD Agents
ii
Savings Bank Deposits
iii Current Deposits

4,004,631,628.52
357,953,806.15
53,622,588.00
933,943.70
1,604,605,517.89
472,914,876.50
6,494,662,360.76

5,058,771,642.38
478,966,360.15
58,260,935.00
603,461.70
1,977,141,271.55
653,388,510.29
8,227,132,181.07

4 BILLS FOR COLLECTION

6,592,255.64

6,319,814.75

5 BRANCH ADJUSTMENTS

8,688,069.63

6 OVERDUE INTEREST RESERVE

2,458,297.00

2,579,686.00

35,226,403.71

46,297,860.00

TOTAL

99,557,032.21

116,520,712.60

TOTAL

312,056,941.21
1,708,715,679.00
2,020,772,620.21

491,998,318.40
1,316,087,134.75
1,808,085,453.15

3 INVESTMENTS
i Central and State Govt. Securities
ii Public Sector Unit Bonds
iii Shares in Central Coop Bank of the dist concerned
iv Shares of UP Urban Coop Bank (proposed)
v Mutual Fund
TOTAL

991,839,461.03
79,000,000.00
5,000.00
1,527,000.00
41,000,000.00
1,113,371,461.03

2,057,971,961.03
79,000,000.00
5,000.00
1,527,000.00
1,000,000.00
2,139,503,961.03

2,556,998,328.40
555,090,028.94
1,877,162,638.19
4,989,250,995.53

3,753,215,261.59
533,014,138.32
2,509,609,500.66
6,795,838,900.57

93,009,863.60
3,245,735.00
96,255,598.60
6,592,255.64

81,426,088.96
4,446,990.00
85,873,078.96
6,319,814.75

4,293,584.33

4,365,171.71

36,466,229.74

36,257,430.15

1,488,185.22

1,471,370.34

27,943,780.00

48,825,630.98

2 BALANCES WITH OTHER BANKS

i Current Deposits
ii Fixed Deposits

4 ADVANCES
i
Short Term Loan
ii
Medium Term Loan
iii Long Term Loan
TOTAL
5 INTEREST RECEIVABLE
i
In Investment
ii
In Loans and Advances
TOTAL
6 BILLS RECEIVABLE
7 PREMISES LESS DEPRECIATION
8 FURNITURE AND FIXTURES LESS DEPRECIATION

7 INTEREST PAYABLE

2011

9 OTHER ASSETS
i Stationery in Stock

ii

Income Tax Refund

8 OTHER LIABILITIES
i
Bills and Draft Payable
ii
Dividend Payable
iii Sundry Creditors
iv Provision for Bonus/Closing/Exgratia
v
Service Charges
vi Other Branch Clearing
vii Provision for Gratuity
viii Provision for DICGC
ix Deffered Tax Liability
x
Provision for Income Tax
xi Share Capital (Doon Valley UC Bank)
xii Staff Security (Doon Valley UC Bank)
xiii Term Deposit Adjustment
xiv Provision for CA Fees
xv Provision for Donation
xvi Provision for Electricity Bill
xvii Other Liabilities (Doon Valley UC Bank)
xviii Bills Payable (Doon Valley UC Bank)
xix Staff Provision
xx Provision for Cooperative Education Fund
TOTAL
9 PROFIT AND LOSS
i
Profit as per last Balance Sheet
ii
Profit for the year
TOTAL
10 CONTINGENT LIABILITIES
i
Guarantee Issued

TOTAL

1,153,698,048.16
3,473,880.00
2,985,310.30
4,673,401.00
94,155.00
5,250,286.00
3,859,110.00
1,491,293.28
38,763,563.82
961,700.00
4,250.00
3,568.00
243,780.20
225,000.00
500.00
6,457.00
500.00
406,267.00
1,216,141,069.76

1,824,752,135.05
5,189,050.00
4,129,018.20
11,500,000.00
827.00
1,083,724.98
4,136,715.00
1,491,423.66
53,623,173.06
950,600.00
4,250.00
12,488.00
393,155.00
352,111.00
15,000.00
1,907,633,670.95

5,000.00
78,144,260.62
78,149,260.62

6,000.00
111,952,521.55
111,958,521.55

127,139,296.00

69,817,735.00

8,526,217,188.42

11,113,745,650.01

iii
iv
v
vi
vii
viii

FBT Refund
Clearing Adjustment
Sundry Debtors
Security Deposit
Library
Other Assets (Doon Valley UC Bank)
TOTAL

10 CONTINGENT ASSETS
i
Guarantee Issued

TOTAL

7,956.00
2,634,460.49
86,147.14
339,926.00
8,503.28
9,157.00
32,518,115.13

7,956.00
496,829.49
11,000.00
344,426.00
6,022.28
157.00
51,163,392.09

127,139,296.00

69,817,735.00

8,526,217,188.42

11,113,745,650.01

KURMANCHAL NAGAR SAHKARI BANK LTD ,HO NAINITAL

PROFIT/LOSS AS ON 31st MARCH 2011
EXPENDITURE

2010

Interest on Deposits,Borrowings etc.

368,538,493.36

419,399,191.37

Interest and Discount

ii

Salaries,Allowances & PF

46,076,978.28

56,277,172.01

ii

Commission,Exchange & Brokerage

2011

INCOME

2010

2011

566,554,707.73

690,145,485.50

6,110,896.65

11,263,890.45

iii

Director's & Local Comm Members Allowance

iv

Rent,Taxes,Insurance,Lighting etc.

Law Charges

vi

Postage,Telegram & Telephone Charges

vii

Auditor's fees

viii Depreciation & Repairs to property

ix

Stationery,Printing,Advertisement etc.

Provisions made

xi

Other Expenditure

xii

Balance of Profit

TOTAL

208,606.00

270,641.00

9,550,507.91

12,497,160.78

3,230.00

94,700.00

1,865,332.83

1,120,018.01

308,128.00

406,845.00

10,687,791.04

20,017,630.66

1,799,617.95

1,960,981.30

66,938,299.77

103,816,263.21

6,624,092.46

2,962,815.05

78,144,260.62

111,952,521.55

590,745,338.22

730,775,939.94

iii Other Receipts

TOTAL

18,079,733.84

29,366,563.99

590,745,338.22

730,775,939.94

(Aloke Shah)
(Krishna Chandra Pant)
(Manoj Sah)
(Neeraj Sharda)
(Datt Ram Joshi)
( Devendra Lal)
(Vinay Sah)
Chairman
Vice Chairman
Secretary
(Director)
(Director)
Director
Director
We have examined the Balance Sheet of Kurmanchal Nagar Sahkari Bank Limited, Head Office, Nainital, as at 31.03.2011 and the Income & Expenditure account for the year ended on that date, which are in agreement
with the Books of accounts maintained by the said Bank.

Date: 11.08.2011

Manoj Joshi, FCA,DISA

(ICAI), For & On Behalf
of Manoj Vatsal & Co.
Chartered Accountants,
Firm Registration
No.010155C

i
ii
iii
iv
v
vi
vii
viii
ix
x
xi
xii

PROVISIONS

2010

Bonus/Closing/Ex Gratia
Provision for Standard Assets
Provision for Arrears
Provision for NPA A/cs
Provision for Gratuity
Deffered Tax Liability
Provision for DICGC
Provision for BDDR
Provision for Income Tax
Cooperative Education Fund
Provision for Rural Advance for BDDR
Provision for Frauds for BDDR

4,673,401.00
1,599,996.87
296,940.00
1,880,434.96
5,250,286.00
1,491,293.28
3,859,110.00
9,123,273.84
38,763,563.82
-

2011
11,500,000.00
8,038,854.20
130.38
4,136,715.00
3,575,919.00
53,623,173.06
15,000.00
19,875,471.57
3,051,000.00

66,938,299.77

103,816,263.21

635,309,435.92
6,271,951,595.89

853,964,702.24
7,953,194,467.85

which are in agreement