AGROHA CO-OPERATIVE URBAN BANK LIMITED |
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PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2021 |
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Schedule |
31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
I. INCOME |
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Interest earned |
12 |
61,852,186.85 |
64,238,759.49 |
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Other income |
13 |
1,418,920.62 |
1,204,422.65 |
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TOTAL: |
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63,271,107.47 |
65,443,182.14 |
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II. EXPENDITURE |
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Interest expended |
14 |
45,651,505.26 |
45,547,150.85 |
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Operating expenses |
15 |
11,879,668.32 |
11,712,007.36 |
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Income tax Paid |
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1,712,864.00 |
2,510,907.00 |
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Provisions and contingencies |
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188,929.00 |
39,389.00 |
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TOTAL: |
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59,432,966.58 |
59,809,454.21 |
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III. PROFIT |
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NET PROFIT FOR THE YEAR |
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3,838,140.89 |
5,633,727.93 |
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IV. APPROPRIATIONS |
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a) Statutory Reserve Fund |
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959,535.22 |
1,408,431.98 |
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b) Co-operative Education Fund |
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176,196.00 |
198,960.00 |
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c) Common Good Fund |
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38,381.41 |
56,337.00 |
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d) Staff Welfare Fund |
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38,381.41 |
56,337.00 |
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e) Proposed Dividend |
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2,619,901.00 |
0.00 |
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f) Balance to General Reserve Fund |
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5,745.85 |
3,913,661.95 |
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TOTAL: |
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3,838,140.89 |
5,633,727.93 |
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Significant Accounting Policies |
16 |
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Notes to Accounts |
17 |
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(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
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As per our Report of even date |
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For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
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CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
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FRN:0004617S |
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K. RAJA KRISHNA |
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Proprietor |
Date: 30.06.2021 |
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M.No.217863 |
Place: Hyderabad |
10 |
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SCHEDULE – 1 |
CAPITAL |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
AUTHORISED SHARE CAPITAL: |
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“A” Class Shares 10,00,000 |
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of Rs.100/- each |
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100,000,000.00 |
100,000,000.00 |
(Previous Year: 10,00,000 Shares) |
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PAID UP SHARE CAPITAL: |
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“A” Class shares 3,28,529 of Rs.100/- each fully |
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32,852,900.00 |
33,264,600.00 |
paid (Previous Year: 3,32,646 Shares) |
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TOTAL: |
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32,852,900.00 |
33,264,600.00 |
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SCHEDULE – 2 |
RESERVES & SURPLUS |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
STATUTORY RESERVE FUND |
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Opening Balance |
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28,587,026.39 |
27,178,594.41 |
Addition during the year |
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959,535.22 |
1,408,431.98 |
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29,546,561.61 |
28,587,026.39 |
EDUCATION FUND |
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Opening Balance |
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1,824,947.00 |
1,749,686.00 |
Addition during the year |
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176,196.00 |
198,960.00 |
Less: Paid during the year |
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46,500.00 |
123,699.00 |
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1,954,643.00 |
1,824,947.00 |
COMMON GOOD FUND |
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Opening Balance |
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611,731.79 |
585,394.79 |
Addition during the year |
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38,381.41 |
56,337.00 |
Less: Paid during the year |
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210,000.00 |
30,000.00 |
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440,113.20 |
611,731.79 |
GENERAL RESERVE |
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Opening Balance |
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40,657,658.40 |
36,163,065.45 |
Add.Transfer from P&L A/c. |
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5,745.85 |
3,913,661.95 |
Add. Forfeiture of Dividend |
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668,684.00 |
580,501.00 |
Add. Transfer Entrance fee |
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860.00 |
430.00 |
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41,332,948.25 |
40,657,658.40 |
SPECIAL RESERVE U/s 36(1)(VIII) |
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Opening Balance |
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2,314,863.00 |
2,314,863.00 |
Addition during the year |
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0.00 |
0.00 |
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2,314,863.00 |
2,314,863.00 |
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TOTAL: |
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75,589,129.06 |
73,996,226.58 |
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(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
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As per our Report of even date |
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For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
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CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
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FRN:0004617S |
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Date: 30.06.2021 |
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K. RAJA KRISHNA |
Place: Hyderabad |
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Proprietor |
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11 |
M.No.217863 |
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SCHEDULE – 3 |
DEPOSITS |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
I. Current Deposits |
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(i) From banks |
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– |
– |
(ii) From others |
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27,698,013.85 |
14,386,647.51 |
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II. Savings Bank Deposits |
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51,376,650.96 |
36,170,158.20 |
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III. Term Deposits |
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(i) From banks |
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– |
– |
(ii) From others |
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490,448,153.00 |
522,403,687.00 |
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TOTAL : |
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569,522,817.81 |
572,960,492.71 |
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SCHEDULE – 4 |
OTHER LIABILITIES AND PROVISIONS |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
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I. Interest Provision on FDR |
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– |
– |
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II. Others (including Provisions) |
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23,678,820.23 |
22,993,054.48 |
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TOTAL: |
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23,678,820.23 |
22,993,054.48 |
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(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
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As per our Report of even date |
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For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
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CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
|
FRN:0004617S |
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K. RAJA KRISHNA |
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Proprietor |
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M.No.217863 |
Date: 30.06.2021 |
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Place: Hyderabad |
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12 |
SCHEDULE – 5 |
CASH AND BALANCES WITH RESERVE BANK OF INDIA |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
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I. Cash in hand |
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13,073,780.00 |
10,527,828.08 |
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II. Balances with Reserve Bank of India |
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(i) in Current Account |
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– |
– |
(ii) in Other Accounts |
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– |
– |
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TOTAL: |
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13,073,780.00 |
10,527,828.08 |
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SCHEDULE – 6 |
BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
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(i) Balances with Banks |
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(a) in Current Accounts |
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38,944,394.46 |
38,946,127.32 |
(b) in Deposit Accounts |
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49,000,000.00 |
41,000,000.00 |
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(ii) Money at Call & Short Notice |
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45,000,000.00 |
40,000,000.00 |
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TOTAL: |
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132,944,394.46 |
119,946,127.32 |
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(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
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As per our Report of even date |
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For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
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CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
|
FRN:0004617S |
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K. RAJA KRISHNA |
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Proprietor |
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M.No.217863 |
Date: 30.06.2021 |
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Place: Hyderabad |
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13 |
SCHEDULE – 7 |
INVESTMENTS |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
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(i) Government Securities |
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138,199,000.00 |
177,630,750.00 |
(ii) Other Approved Securities |
|
– |
– |
(iii) Shares/Mutual funds |
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34,000,000.00 |
33,000,000.00 |
(iv) Debentures and Bonds |
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20,000,000.00 |
20,000,000.00 |
(v) Subsidiaries and / or Joint Ventures |
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– |
– |
(vi) Others |
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– |
– |
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TOTAL: |
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192,199,000.00 |
230,630,750.00 |
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SCHEDULE – 8 |
ADVANCES |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
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A. (i) S T Overdraft |
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– |
– |
(ii) Cash Credits, Overdrafts and Loans repayable on demand |
|
257,661,775.77 |
266,514,991.88 |
(iii) Term Loans |
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91,759,234.00 |
58,981,619.00 |
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Total: |
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349,421,009.77 |
325,496,610.88 |
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B. (i) Secured by Tangible assets |
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346,649,453.77 |
325,123,181.88 |
(ii) Covered by bank / government guarantees |
– |
– |
(iii) Unsecured |
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2,771,556.00 |
373,429.00 |
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Total: |
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349,421,009.77 |
325,496,610.88 |
C. I. Advances in India |
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(i) Priority sectors |
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293,362,244.00 |
262,122,212.00 |
(ii) Public sector |
|
– |
– |
(iii) Banks |
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– |
– |
(iv) Others |
|
56,058,765.77 |
63,374,398.88 |
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Total: |
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349,421,009.77 |
325,496,610.88 |
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II. Advances Outside India |
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– |
– |
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GRAND TOTAL (C. I & C.II): |
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349,421,009.77 |
325,496,610.88 |
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(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
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As per our Report of even date |
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For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
|
CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
|
FRN:0004617S |
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K. RAJA KRISHNA |
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|
Proprietor |
Date: 30.06.2021 |
|
M.No.217863 |
Place: Hyderabad |
14 |
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SCHEDULE – 9 |
FIXED ASSETS |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
1. Furniture & Fixtures |
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At WDV as on 31st March of the preceding year |
1,890,860.67 |
2,100,956.30 |
Additions during the year |
|
3,600.00 |
0.00 |
Depreciation for Current Year |
|
189,146.07 |
210,095.63 |
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|
1,705,314.60 |
1,890,860.67 |
2. Electricals Fittings |
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|
|
At WDV as on 31st March of the preceding year |
271,136.76 |
301,263.07 |
Additions during the year |
|
0.00 |
0.00 |
Depreciation for Current Year |
|
27,113.68 |
30,126.31 |
|
|
244,023.08 |
271,136.76 |
3. Computers |
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|
|
At WDV as on 31st March of the preceding year |
323,228.20 |
3,107.34 |
Additions during the year |
|
26,150.00 |
336,440.00 |
Depreciation for Current Year |
|
109,195.51 |
16,319.14 |
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|
240,182.69 |
323,228.20 |
4. Library Books |
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|
|
At WDV as on 31st March of the preceding year |
9,362.00 |
9,362.00 |
Additions during the year |
|
0.00 |
0.00 |
|
|
9,362.00 |
9,362.00 |
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TOTAL: |
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2,198,882.37 |
2,494,587.63 |
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SCHEDULE – 10 |
OTHER ASSETS |
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31.03.2021 |
31.03.2020 |
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Rs. |
Rs. |
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|
I. Interest accured on Investments |
|
3,657,778.00 |
4,585,595.17 |
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|
II. Tax paid in advance/Tax Deducted at Source |
1,706,181.00 |
2,486,252.00 |
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III. Stationery and Stamps |
|
189,786.05 |
204,395.30 |
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IV. Others |
|
2,591,952.45 |
2,638,714.39 |
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TOTAL: |
|
8,145,697.50 |
9,914,956.86 |
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(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
|
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|
|
As per our Report of even date |
|
|
For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
|
CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
|
FRN:0004617S |
|
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|
K. RAJA KRISHNA |
|
|
Proprietor |
|
|
M.No.217863 |
Date: 30.06.2021 |
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|
Place: Hyderabad |
15 |
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SCHEDULE – 11 |
MISCELLANEOUS EXPENDITURE |
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Premium Paid on Govt. Securities |
|
31.03.2021 |
31.03.2020 |
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|
8.31% Telangana SDL 2025 |
|
24,000.00 |
30,000.00 |
7.95% MAHSDL 2023 |
|
1,250.00 |
1,875.00 |
6.17% GOI 2023 |
|
20,250.00 |
30,375.00 |
8.05% GUJ SDL 2028 |
|
2,313,888.00 |
2,644,444.00 |
7.61% TS SDL 2027 |
|
618,750.00 |
721,875.00 |
7.23% KA SD 2028 |
|
43,750.00 |
50,000.00 |
10.23% GHMC Bonds 2029 |
|
560,000.00 |
630,000.00 |
|
|
3,581,888.00 |
4,108,569.00 |
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|
SCHEDULE – 12 |
INTEREST EARNED |
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31.03.2021 |
31.03.2020 |
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|
Rs. |
Rs. |
I. Interest Collected on Advances |
|
40,606,274.00 |
41,872,607.79 |
II. Interest Income on investments |
|
21,245,912.85 |
22,366,151.70 |
III. Others |
|
– |
– |
|
|
|
|
TOTAL: |
|
61,852,186.85 |
64,238,759.49 |
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(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
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|
As per our Report of even date |
|
|
For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
|
CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
|
FRN:0004617S |
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K. RAJA KRISHNA |
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Proprietor |
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M.No.217863 |
Date: 30.06.2021 |
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Place: Hyderabad |
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16 |
SCHEDULE – 13 |
OTHER INCOME |
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|
31.03.2021 |
31.03.2020 |
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|
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|
|
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|
Rs. |
Rs. |
|
|
|
|
I. Commission, Exchange and Brokerage |
|
276,969.85 |
378,718.47 |
|
|
|
|
II. Miscellaneous Income/Processing Fee |
|
1,141,950.77 |
825,704.18 |
|
|
|
|
|
|
|
|
TOTAL: |
|
1,418,920.62 |
1,204,422.65 |
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SCHEDULE – 14 |
INTEREST EXPENDED |
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31.03.2021 |
31.03.2020 |
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|
Rs. |
Rs. |
|
|
|
|
I. Interest on deposits |
|
45,651,505.26 |
45,547,150.85 |
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|
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|
II. Others |
|
– |
– |
TOTAL: |
|
45,651,505.26 |
45,547,150.85 |
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(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
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As per our Report of even date |
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For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
|
CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
|
FRN:0004617S |
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K. RAJA KRISHNA |
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|
Proprietor |
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|
M.No.217863 |
|
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|
Date: 30.06.2021 |
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|
Place: Hyderabad |
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17 |
SCHEDULE – 15 |
OPERATING EXPENSES |
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31.03.2021 |
31.03.2020 |
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|
Rs. |
Rs. |
|
|
|
|
I. Payments to and provisions for employees |
5,328,080.00 |
5,177,038.00 |
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II. Rent, Taxes and Lighting |
|
1,014,602.00 |
998,512.00 |
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|
|
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III. Printing and Stationery |
|
148,044.25 |
158,751.52 |
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IV. Advertisement and Publicity |
|
57,934.00 |
319,570.86 |
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V. Depreciation on Bank’s Property |
|
325,455.26 |
256,541.08 |
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VI. Statutory Audit Fee |
|
60,000.00 |
60,000.00 |
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|
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VII. Law charges |
|
11,800.00 |
0.00 |
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VIII. Postage, Telegrams, Telephones, Etc., |
|
119,562.29 |
96,203.83 |
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IX. Repairs and maintenance |
|
134,378.00 |
177,399.62 |
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X. Insurance |
|
363,162.00 |
299,301.00 |
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XI. Other expenditure |
|
4,316,650.52 |
4,168,689.45 |
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TOTAL: |
|
11,879,668.32 |
11,712,007.36 |
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|
|
(DANTU VIJAY ADITYA) (SANJAY KUMAR PASARI) (RATAN GUPTA) |
DIRECTOR VICE-CHAIRMAN CHAIRMAN |
|
|
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As per our Report of even date |
|
|
For Venkatappaiah & Co |
(D.LAKSHMANA RAO) |
|
CHARTERED ACCOUNTANTS |
CHIEF EXECUTIVE OFFICER |
|
FRN:0004617S |
|
|
|
|
|
|
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|
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|
K. RAJA KRISHNA |
|
|
Proprietor |
|
|
M.No.217863 |
|
|
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|
Date: 30.06.2021 |
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|
Place: Hyderabad |
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