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






THE NAVAL DOCKYARD CO-OPERATIVE BANK






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:



Acknowledgement
In brief, this project has taught me the basic fundamental of THE NAVAL DOCKYARD
CO-OPERATIVE BANK. I take this opportunity to thank the people who have helped
me 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.




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)









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, building
societies and cooperatives, as well as commercial banking services provided by mutual
organizations (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 in
India with a view to encourage and promote thrift and mutual help for the development of persons of
small 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 of
1904.
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 primary
co-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 the
country. 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 a
new Act, viz., the Bombay Co-operativeSocieties Act, 1925 for serving the many sided development of
the state. Later on, Madras, Bihar and Bengal passed their own Acts in 1932, 1935 and 1940
respectively.



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 and
medium 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 central
co-operative bank at the district level and state co-operative bank at the apex level. Over and above
these institutions, grain banks are actively functioning as primary societies in certain states. Though the
organisation of central and state co-operative banks was mainly for the benefit of the agricultural credit
sector, they serve non-agricultural societies too.





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.



THE NAVAL DOCKYARD CO OPERATIVE BANK
The cooperative bank consist of various Directors 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 DENT
COMMODORE SANJEEV NAYAAR
COMMODORE VK SAXENA
HON. LEGAL ADCI SOR
COMMODORE PK DOSHI (AGM)
CAPTION A.K. SHARMA DGM)
HON. FI NANCI AL ADVI SOR
SmT MAULISHREE PANDE (Jt CDA)
HON. 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


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

STAFF REPRESENTATI VE
Shri D.S. MORE
Shri L.G. SADAVARTE
CHI EF EXECUTI VE OFFI CER
Shri SURESH M.SHINDE.
DYCHI EF ESECUTI VE OFFI CER
Shri ASHOK S GAONKAR
ASST. ACCOUNTANT
Shri DWARKANATH G BORKAR
SR. AUDI T OFFI CER
Shri RAMESH B. KULKARNI
Shri MUKESH M PARAB
I NTERNAL AUDI TORS
M/s SA MRE AND Co.




OFFI CE BEARERS AND VARI OUS SUB COMMI TTEE:-
A) OFFI CE BEARERS
Shri D.G. KADAM, HON. SECRETARY
Shri S.K. KHANVIKAR, HON. TREASURER
B) LOAN SUB COMMITTEE
Shri PRAMOD R. KAMBLE
Shri S.M. ACHREKAR
Shri D.C. JAMBHUKAR
Shri S.A. PATIL
Shri A PARKAR
C) AUDI T SUB COMMI TTEE
Shri P R KAMBLE
Shri V D SAWANT
Srhi P. K JAGTAP
D) PURCHANCE SUB COMMI TTEE
Shri P.R. KAMBLE
Shri V.N. JAMDADE
E) STAFF RELATI ON SUB COMMI TTEE
Shri G.G. GODE
The sub committees ar formed for the day to day smooth functioning of the Bank. These sub
committees are as paer the Bye laws of the bank. They have limited rights. The decisions
recommendation of the sub-committees are finally approved in the meeting of the Board of Directors


MEMERSHI P
The number of shareholders which was 16306as on 31
st
March 2011 is now 16252 after admitting
630 new members and considering resignation, retirements, deaths and forfeiture of 684 members by
close 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 764.68
lakhs as on 31
st
March 2012

RESEVE AND OTHER FUNDS:-
There was substanitial increase in the Reserve Fund and other Reserves of the Bank which has gone up
from Rs 1094.50 lakhs to Rs 1278.15lakhs on 31
st
March2012

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 17.36
Others 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 2011-2012
Loan 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 76.34
D.K.G. Yojna (Hsg. Loans) 574.98 706.97 603.09
Total 14316.97 19969.2 22122.34



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

Important Notice to Depositors:
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.



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 .












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 Closure 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.


Current 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 .











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








Fixed Deposit Schemes
Term Deposit - Interest Payout Schemes
(Interest - Half Yearly , Quarterly, Monthly )
Cumulative I nterest Schemes
Eligibility
Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies

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















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.



Charges / Penalty
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



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 kept
with the Bank .
Scheme applicable only for more than 18 months and less than 24 months


LOANS AND ADVANCES
This year there has been substantial rise in STL&LTL
The position of outstanding Loan Balances are given below:
Sr No. TYPES OF LOANS O/S as on
31/3/2011
O/S as on
31/3/2012
I ncrease/Deecrease
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 DEPOST & ADVANCES:-
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



I NTERNAL CONTROL
As directed by the Reserve Bnk of India , the Bank has continued to carry out the Concurrent Audit
and appointed M/s s.a.More & Co. chartered Accountants, as Concurrent Auditor during the year
under report, which ensured checking of day-to- day transactions as per the norms prescribed by the
RBI in this regard

RELATI ONSHI P WI TH STAFF
The relation between the Management and the staff of the bank is very cordial. The management place
on record the dedicated services rendered by the officers and the staff for the general development and
progress of the Bank



BYE -LAWS
BYE
LAW
No.
ESISTING BYE LAWS BYE
LAW
No
AMMENNDED BYE
LAWS
REASON
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
To
enchanceindivi
dual share
capital
12(1) The 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) The maximum
shareholding shall be as
prescribed under
Maharashtra Co-op
Societies Act and Rules
from time to time subject
to maximum of Rs 7500/-
As per RBI
guidelines to
meet
requirement of
CRAR









BYE -LAWS
BYE
LAW
No.
ESISTING BYE LAWS BYE
LAW
No
AMMENNDED BYE LAWS REASON
43(I I I ) 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
BASI C
PAY
CD
Contibutio
n per
month
1 4750/-
To
7499/-
200/-
2 7500/-
To
11500/
-
300/-
3 11500/
-
&abov
e
400/-


43(I I I ) Contribution towards CD from
the 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 from
time to time. The Contribution
towards CD will not be less
than as prescribed in the char
shown below
Sr
no
BASI C
PAY
CD
Contibutio
n per
month
1 4750/-
To
7499/-
200/-
2 7500/-
To
11500/
-
300/-
3 11500/
-
&abov
e
400/-

To mobilize fund

I NVESTMENTS
The investment of the bank which was rs 5683 lakhs as on 31
st
march 2011 is now Rs 6824.45
lakhs
PROFI T AND APPROPRI 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 1289.16
Net Profit For Appropriation 19062749.92 19218569.36 37312998.42




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
WORKI NG CAPI TAL
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 NCOME 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
DI VI DEND
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








EDUCATI ONAL AI D
The board of Director s have recommended Rs 500/- as Educational Aid as compared to Rs 250/-
paid last year
RESERVE BANK I NSPECTI ON
Reserve Bank has Conducted inspection of the bank for the period 2009-10 and 2010-11
SHI FTI NG OF OUR TROMBAY BRANCH
We are shifting our tormbay branch to new Premises near the old Branch shortly
CORE BANKI NG SYSTEM
For the prompt and quick services to the shareholders and depositors we proposed to introduce
Core Banking System very shortly
PROGRES OF BRANCHES
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




DISCLSOSURE AS PER RBI GUIDELINES

SR No Particulars 31.03.2012
1
1
2
3
LEVEL OF CRAR
Capital funds
Adjusted value of funded risk Assests
% of Capital funds to risk weighted assets

1965
19881.09
9.89%
2 AVERAGE COST OF DEPOSI T 7.48%
3
1
2
3
4
NON- PERFORMI NG ASSESTS
GROSS NPA
Net NPA
% of Gross NPA to total advances
% of Net NPA to net advances

146.93
0
0.66%
0%
4
1
2
3
4
MOVEMENTS I N NPAs
Opening balance
Add: additions during the year
Less: Closed
Closing Balance

158.07
43.65
54079
146.93
5
1
2

3
4
5

6
PROFI TABI LI Y
Interest Income as a% of working funds
Non-Interest Income as a % of working
funds
Operating Profit as a % of working funds
Return of Assets
Business( advances+ Deposits) per
Employees
Profit Per Employee

10.38
0.02%
2.39%

1.17%

706.58%
5.33
6

1
2
PROVI SI ON MADE TOWARDS NPA
DURI NG THE YEAR
Provision on NPA required to b e made
Provision onNPA actually made


_________________
7

1
2
PROVI SI ON MADE TOWARDS
OVERDUE I NTEREST
Provision required to be made
Provision actually made


28.28
28.28
8


1
2
PROVI SI ON MADE TOWARDS
DEPRECI ATI ON I N I NVESTMENTS
DURI NG THE YEAR
Provision required to be made
Provision actually made



31.00
31.00
9
A
MOVEMENTS I N PROVI SI ONS
TOWARDS NPA
Opening balance
Add: additions during the year
Less: Closed
Closing balance


158.07
0.00
158.07
B TOWARDS DEPRECI ATI ON I N
I NVESTMENTS
Opening balance
Add:Additions during the yeat
Less: Closed
Closing balance


0.00
31.00
0.00
31.00
C TOWARDS STANDARD ASSETS
Opening balance
Add: Additions during the year
Less: Closed
Closing balance

80.57
8.50
0.00
89.07
D TOWARDS OTHER ASSETS
Opening balance
Add: Additions during the year
Less: Closed
Closing balance

1.43


1.43
10 PREMI UM PAI D TOWARDS DI CGC
For half ending Sept201and mar2012

31.38
11 PENALTY I MPOSED BY RBI FOR
ANY VI OLATI ON


12 A
i
ii
I NTERBANK ACCOUTS
No of entries pending
o/s amt
arrears in interbank reconciliation




B
i
ii
I NTER BRANCH ACCOUNTS
No of entries pending
O/s Amt




FIVE YEARS AT A GLANCE

PARTICULARS 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012
Number of Members 16392 16287 16234 16306 16252
Share Capital 771.1 764.26 755.46 755.77 764.68
Recurring Deposits 196.61 196.37 225.35 275.82 381.7
Compulsory Deposits 4567.76 5165.4 5880.21 7442.54 8902.15
Fixed deposits 861.11 827.42 1304.46 1459.52 1092.82
Savings Bank 3396.96 3864 4722.22 5649.98 6501.63
Diamond J. Scheme 2090.42 2445.42 3972.38 5099.85 4318.35
Other Depsoit 16.57 16.02 19.64 38.29 34.04
Platinum J. Deposit 804.68 832.97 894.83 81.71 16.71
Fixed Deposit (Qtrly. Int.) 2194.43 2482.2 3254.71 2753.11 2596.03
Matured Depsit 115.1 23.84 19.3 17.36
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
Glorious - 275 Deposit 633.75 4.56
Total Deposit 14128.54 15944.9 20297.64 23453.87 27338.27
Gross Profit 352.22 510.44 347.58 356.03 759.9
Net Profit 121.32 153.44 190.62 192.17 373.11
Investmetn 3910.26 4589.65 7330.9 5683 6824.45
Rate 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 674.5 687.32 704.54 752.47 800.58
Other 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


Balance Sheet as on 31st March 2012

Capital & Liabilities Current Year Previous Year
Share Capital
1) Authorised Share Capital
(40,00,000 Shares @ Rs. 25/-)

100,000,000.00

100,000,000.00
2) 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

109,450,443.48
Secured 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






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







Other Liabilities
i) Prov for IT (08-09/10/11/12)

61,730,000.00

40,230,000.00
ii) Sundry Creditors

341,473.08

261,603.08
iii) Sundries

10,172,818.00

31,442,021.00

Unclaimed Dividends

577,205.00

577,705.00

Interest Payable

97,106,064.39

69,513,278.58

Profit & Loss Account
Profit as per Last B/S

19,218,569.36

19,062,749.92
Less: Appropriation

19,216,932.34

19,061,020.48
Balance of Profit

1,637.02

1,729.44
Add: Profit for the year brought from the
P&L A/c

37,311,361.40

3,185,376,476.89

19,216,839.92


Total


Property & Assets Current Year Previous Year
CASH 2785918.00 30272950

CASH (ATM) 3031600.00 1644100

Balances with Banks
i) Current Deposit (MSC/MDCC) 763000.00
ii) Current Depsoit (other banks) 58854982.76
iii) Fixed Deposits (MSC/MDCC) 131450000.00
iv) Fixed Deposits (other banks) 169951729

Investments
i) In Central & State Govt. (at book value) 679439000
Face Value: 69,62,20,000
Market Value: 67,16,55,346
ii) Shares in MSC Bank Ltd. 3006000
iii) Shares in MDCC Bank Ltd. 100
568300100
Advances
i) Loan against Deposit 250371931.3
ii) Medium Term Loan (LTL) 1893918665
iii) Hsg. Loan Members 60309026.62
iv) Hsg. Loan - Staff 7634179.25
1996920088
Interest Receivables
i) On Investments 11234715 7461736
ii) On NPA of which overdues

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

C/F 3124634003 2777726670

B/F 3124634003 2777726670

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

Furniture & Fixtures
Add: Addition during tye year 4799039
Less: Depreciation 524012

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

ATM 1436179
Less: Depreicaiotn 1295967.93

Other Assets
Staff Festival Advance 100800
Saving Bank Suspense 143500
Loan Bon Franking 2070
Sundry Debtors 51211
Stamp Bond on hand 83050
Stock of Stationery 218372
Premium of Govt. Securities 1153200
Prepaid Expenses (Unsurance) 607405
Clearing Difference Receivable 24515
ATM Amount Recievable 56000

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

Total 3185376476.89 2827261046.56


QUESTI ONNAI RE:
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.













Yes
100%
customers


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/c
10%
CC a/c
5%
OD a/c
5%
Customers


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


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 customers
i.e. 25% have availed internet banking facility







Internet
banking
25%
SMS banking
75%
Customers


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



All the customers have debit/credit card







Yes
100%
Customers


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





Yes
90%
No
10%
Customers


7) Is locker facility provided by the Bank?












Yes
100%
Customers


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.

Yes
98%
No
2%
Customers