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					                                              THE DELHI STATE COOPERATIVE BANK LTD.
                                        31, NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI-2

                                                       BALANCE SHEET AS AT 31.03.2007

                                                                                                              (Amt. In Rupees)
                                                                            Current Year                             Previous Year
                                                    Schedule No.           As on 31.03.07                           As on 31.03.06
CAPITAL & LIABILITIES:

Share Capital                                             1A                25289900.00                             24810200.00
Nominal Share Capital                                     1B                25657710.00                             22230110.00
Reserve Fund and Other Reserves                             2              994248390.57                            836846403.60
Deposits & Other Accounts                                   3             6392724886.05                           6600057677.50
Borrowings                                                  4              150825149.31                            154940656.31
Bills for Collection Being Bills Receivable (as per contra)                  6350781.41                             17344688.75
Overdue Interest Reserve                                                   210197276.63                            197549371.47
Interest Payable                                            5              181710669.48                            243281686.48
Other Liabilities & Provisions                              6              111908611.05                             87030231.23
Profit & Loss A/c                                           7              106741059.09                            177582658.36

                                                  Total                   8205654433.59                           8361673683.70

ASSETS:

Cash & Balance with RBI, SBI,SCBs & CCBs                                   172361939.50                            329917145.15
Balance with Other Banks                                  8               3048569881.87                           3447946104.66
Investments                                               9               1778614200.00                           2015483503.00
Advances                                                 10               2617703043.41                           1933179965.09
Branch Adjustment                                                            6404375.42                               808554.29
Fixed Assets                                             11                 21418667.88                             20123880.40
Interest Recoverable                                     12                210197276.63                            197549371.47
Bills Receivable Being Bills for Collection (as per contra)                  6350781.41                             17344688.75
Other Assets                                             13                255529289.47                            296798445.89
Deferred Revenue Expenditure                                                88504978.00                            102522025.00

                                                  Total                   8205654433.59                           8361673683.70


Contingent Liabilities (Guarantee issued to others)                          9442594.00                              9099041.00



As per our report of even date annexed
for Lalit Gupta & Associates
Chartered Accountants


    Sd/-                       Sd/-                             Sd/-                             Sd/-               Sd/-
(TARUN GOEL)           (DR. BIJENDER SINGH)       (CH. SUKHBIR SINGH PANWAR)                 (R.S. DAHIYA)        (A.P. SINGH)
  PARTNER                    PRESIDENT                  VICE- PRESIDENT                     GENERAL MANAGER       A.G.M. (BKG)


Place : New Delhi
Dated : 01/09/2007
    Schedule-1A                                                                                                                             (Amount in Rupees)

                                                                                            Amount           Current Year                           Amount              PreviousYear
                                                                                                            As at 31.3.2007                                            As at 31.3.2006

    CAPITAL:
    Authorised Capital
       a) 10,00,000 shares of Rs. 50 each                                                                       50,000,000.00                                              50,000,000.00
           (Previous year 1000000 shares of Rs.50 each)
    Subscribed and Paid-up Capital
     505798 shares of Rs. 50 each fully paid up
    ( Prev. year 496204 shares of Rs. 50 each)

         (i) Individuals 431 shares of Rs. 50/- each                                           21,550.00                                                21,550.00
    ( Prev. year 431 shares of Rs. 50 each)
        (ii) Co-operative Institutions 345317 shares of Rs. 50 each                         17,265,850.00                                            16,786,150.00
    ( Prev. year 335723 shares of Rs. 50 each)
        (iii) State Government 160050 shares of Rs. 50 each                                  8,002,500.00       25,289,900.00                         8,002,500.00         24,810,200.00
    ( Prev. year 160050 shares of Rs. 50 each)

    TOTAL                                                                                                       25,289,900.00                                              24,810,200.00
    Schedule-1B                                                                                                                             (Amount in Rupees)

                                                                                            Amount           Current Year                           Amount              PreviousYear
                                                                                                            As at 31.3.2007                                            As at 31.3.2006

     Nominal Shares Capital
    Authorised Capital
     Unlimited number of redeemable nominal shares
          of Rs. 10/- each
    Subscribed and Paid-up Nominal Share Capital
     2565771 shares of Rs. 10 each
    ( Prev. year 2223011 shares of Rs. 10 each)                                                                 25,657,710.00                                              22,230,110.00

    TOTAL                                                                                                       25,657,710.00                                              22,230,110.00


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

         Sd/-                                                                Sd/-                          Sd/-                              Sd/-                           Sd/-
    TARUN GOEL                                                        DR. BIJENDER SINGH   CH. SUKHBIR SINGH PANWAR                 R.S. DAHIYA                      A.P. SINGH
      PARTNER                                                             PRESIDENT             VICE PRESIDENT                  GENERAL MANAGER                      A.G.M. (BKG)


Place : New Delhi
Dated : 01/09/2007
         Schedule-2

                                                                                Amount            Current Year                            Amount              PreviousYear
                                                                                                 As at 31.3.2007                                             As at 31.3.2006
         RESERVE FUND AND OTHER RESERVES

(i)      Statutory Reserve                                                     259,766,626.06                                             219,340,309.06
(ii)     Agricultural (Credit stabilization fund)                              158,056,466.19                                             129,903,568.19
(iii)    Building Fund                                                         113,200,000.00                                             108,200,000.00
(iv)     Dividend Equalization Fund                                             78,379,083.44                                              78,379,083.44
(v)      Special Bad Debts Reserve                                             218,408,588.13                                             152,085,816.16
(vii)    Investment and Depreciation Reserve                                       363,494.00                                                 363,494.00
(viii)   Shares Transfer Fund                                                   16,212,700.00                                              16,212,700.00
(ix)     Common Good Fund                                                            3,650.00                                                   3,650.00
(x)      Publicity Fund                                                          1,003,081.24                                               1,003,081.24
(xi)     General Reserve                                                        15,259,001.61                                              15,259,001.61
(xii)    Staff Welfare Fund                                                     50,000,000.00                                              47,500,000.00
(xiii)   Revaluation Reserve for land/Building                                   3,595,699.90                                               3,595,699.90
(xiv)    Technology Upgradation Fund                                            80,000,000.00       994,248,390.57                         65,000,000.00        836,846,403.60

         Schedule-3

                                                                                Amount            Current Year                            Amount              PreviousYear
                                                                                                 As at 31.3.2007                                             As at 31.3.2006
         DEPOSITS AND OTHER ACCOUNTS:

    i) Fixed Deposits
          a) Individuals                                   2,080,082,882.13                                          1,932,101,009.13
          b) Others (Societies)                            1,425,094,584.90   3,505,177,467.03                       2,102,818,443.90   4,034,919,453.03

   ii) Saving Bank Deposits
          a) Individuals                                   2,140,533,035.77                                          1,756,611,328.14
          b) Others (Societies)                              176,447,706.61   2,316,980,742.38                         216,553,359.96   1,973,164,688.10

  iii) Current Deposits
          a) Individuals                                    415,596,014.73                                            380,395,428.26
          b) Coop. Banks                                     74,968,577.22                                            116,713,945.58
          c) Others (Societies)                              80,002,084.69     570,566,676.64     6,392,724,886.05     94,864,162.53      591,973,536.37      6,600,057,677.50

         As per our report of even date annexed
         for Lalit Gupta & Associates
         Chartered Accountants

              Sd/-                                         Sd/-                                Sd/-                                Sd/-                           Sd/-
         TARUN GOEL                                 DR. BIJENDER SINGH         CH. SUKHBIR SINGH PANWAR                   R.S. DAHIYA                      A.P. SINGH
           PARTNER                                      PRESIDENT                   VICE PRESIDENT                    GENERAL MANAGER                      A.G.M. (BKG)


Place : New Delhi
Dated : 01/09/2007
    Schedule-4

                                                                             Amount           Current Year                           Amount              PreviousYear
     BORROWINGS:                                                                             As at 31.3.2007                                            As at 31.3.2006
  i) From the State Government/NABARD
       a) Short-term loans                                                       18,237.00                                                25,744.00

      b) Medium-term loans
        - Refinance from NABARD under N.F.S                                 150,615,200.00                                           154,723,200.00

      c) Long-term loans
        -Loan from Rehabilitation Ministry (CONTRA)                            191,712.31       150,825,149.31                          191,712.31         154,940,656.31

    Schedule-5

                                                                             Amount           Current Year                           Amount              PreviousYear
    INTEREST PAYABLE                                                                         As at 31.3.2007                                            As at 31.3.2006
       i) Deposits                                                          180,238,814.60                                           241,459,608.60
      ii) Borrowings                                                          1,471,854.88      181,710,669.48                         1,822,077.88        243,281,686.48

    Schedule-6

                                                                             Amount           Current Year                           Amount              PreviousYear
    OTHER LIABILITIES & PROVISIONS                                                           As at 31.3.2007                                            As at 31.3.2006
        i) Bills Payable                                                     60,100,032.26                                            60,632,016.61
      ii) Dividend Payable                                                    5,940,840.50                                             4,455,133.50
     iii) Sundries                                                            3,621,410.53                                             4,055,339.88
     iv)Contingent Provision against Standard Assets                          6,116,460.20                                             4,356,437.68
     v)Provision on Bad &Doubtful Debt                                        5,031,303.56                                             5,031,303.56
    vi)Provision for Income Tax recoverable                                   1,495,354.00                                             1,500,000.00
    vii) Provision for Income Tax                                            22,603,210.00                                                     0.00
    vii) Provision for Gratuity                                               7,000,000.00      111,908,611.05                         7,000,000.00         87,030,231.23


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

         Sd/-                                                 Sd/-                          Sd/-                              Sd/-                           Sd/-
    TARUN GOEL                                         DR. BIJENDER SINGH   CH. SUKHBIR SINGH PANWAR                 R.S. DAHIYA                      A.P. SINGH
      PARTNER                                              PRESIDENT             VICE PRESIDENT                  GENERAL MANAGER                      A.G.M. (BKG)


Place : New Delhi
Dated : 01/09/2007
    Schedule-7

                                                                                    Amount           Current Year                           Amount              PreviousYear
                                                                                                    As at 31.3.2007                                            As at 31.3.2006

    PROFIT AND LOSS
    Profit as per last balance-sheet                              177,582,658.36                                        175,159,935.12
    Less :
    (i) Appropriations
        ( As approved in AGM held on 06.10.2006)
        (a) Statutory Reserve                                      40,426,317.00                                         39,820,637.00
        (b) Agriculture Stabilization Fund                         24,255,791.00                                         23,892,382.00
        (c) Building Fund                                           5,000,000.00                                         10,000,000.00
        (d) Bad Debt Reserve                                       71,482,161.57                                         21,608,200.33
        (e) Staff Welfare Fund                                      2,500,000.00                                         20,000,000.00
        (f) Technology Upgradation Fund                            15,000,000.00                                         25,000,000.00
        (g) Provision for Dividend for the year 2005-06             3,041,000.00                                          2,961,327.00
        (h) Publicity Fund                                                  0.00                                          1,000,000.00
        (i) General Reserve                                                 0.00                                         15,000,000.00
                                                                  161,705,269.57    15,877,388.79                       159,282,546.33       15,877,388.79

    Add : profit for the current year brought from
    the Profit and Loss Account                                                     90,863,670.30      106,741,059.09                       161,705,269.57        177,582,658.36


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

         Sd/-                                                    Sd/-                              Sd/-                              Sd/-                           Sd/-
    TARUN GOEL                                            DR. BIJENDER SINGH       CH. SUKHBIR SINGH PANWAR                 R.S. DAHIYA                      A.P. SINGH
      PARTNER                                                 PRESIDENT                 VICE PRESIDENT                  GENERAL MANAGER                      A.G.M. (BKG)


Place : New Delhi
Dated : 01/09/2007
    Schedule-8

                                                                         Amount            Current Year                           Amount            PreviousYear
                                                                                          As at 31.3.2007                                          As at 31.3.2006

    BALANCE WITH OTHER BANKS
      - In India
      i) Current Deposits                                                188,582,992.87                                          39,046,104.66
     ii) Fixed Deposits                                                2,859,986,889.00    3,048,569,881.87                   3,408,900,000.00      3,447,946,104.66



    Schedule-9

                                                                         Amount            Current Year                                             PreviousYear
                                                                                          As at 31.3.2007                                          As at 31.3.2006
    INVESTMENTS (at Book Value)
       i) In Central and State Govt. Securities                        1,227,500,000.00                                       1,183,970,000.00
      ii) Other Trustee Securities                                       330,800,000.00                                         360,800,000.00
      iii) Other Shares in Coop. Institutions                                      0.00                                               2,500.00
     iv) Other Investments                                               220,314,200.00    1,778,614,200.00                     470,711,003.00      2,015,483,503.00
          - Investment in bonds of F.Is.

    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

         Sd/-                                            Sd/-                           Sd/-                               Sd/-                         Sd/-
    TARUN GOEL                                    DR. BIJENDER SINGH    CH. SUKHBIR SINGH PANWAR                  R.S. DAHIYA                    A.P. SINGH
      PARTNER                                         PRESIDENT              VICE PRESIDENT                   GENERAL MANAGER                    A.G.M. (BKG)


Place : New Delhi
Dated : 01/09/2007
        Schedule-10

                                                                                                                Amount            Current Year                          Amount               PreviousYear
      ADVANCES                                                                                                                   As at 31.3.2007                                            As at 31.3.2006
  (i)   Short-term loans, cash credits, overdrafts and bill discounted
        of which secured against:
         a) Govt. and other approved securities                                        1,170,227,602.95                                             588,300,312.72
         b) Other tangible securities                                                    108,367,260.32                                              98,426,245.66
         c) Personal Guarantee                                                           793,926,649.12                                             711,388,087.20
          Short-term loans, cash credits, overdrafts and bill discounted
          (a) Unsecured                                                                      57,632,070.79   2,130,153,583.18                        46,947,474.49    1,445,062,120.07
        [of the advances amount due from individuals Rs. 898878517.80
        (Previous Year Rs. 805869479.26
 (ii)     Medium-term loans
          of which secured against:
           a) Government and other approved securities                                     1,676,595.00                                                1,386,617.00
           b) Other tangible securities                                                  120,187,720.35                                             105,550,415.87
           c) Personal Guarantee                                                         119,213,095.29                                             149,093,864.79
          Medium-term loans
          (a) Unsecured                                                                      48,064,936.51     289,142,347.15                        57,749,302.51      313,780,200.17

        (of the advances amou nt due from Individuals Rs. 281014666.45
        (Previous Year Rs. 288428854.31)]
 (iii) Long-term loans
       [ of the advances amount due from Individuals Rs. 370665962.36
       (Previous Year Rs.287983219.13)
          a) Under liquidation Societies                                                   9,320,978.59                                               9,336,373.59
          b) Other tangible securities                                                   383,848,826.36                                             299,763,963.13
          c) Loan to R.R. Societies (contra)                                                 191,712.31         393,361,517.26                          191,712.31       309,292,049.03
                                                                                                             2,812,657,447.59                                         2,068,134,369.27
        Less : Bad & doubtful Debt Reserve (NPA)                                                                194,954,404.18   2,617,703,043.41                        134,954,404.18      1,933,179,965.09
        @ of the advances above as covered in i,ii and iii, amount overdue Rs.1389.49 lacs
        (Prev. year Rs. 1525.03 lacs)
        [of the advances above, considered doubtful of recovery Rs. 1105.94 lacs
        (Prev. year Rs. 1060.57 lacs)]
        As per our report of even date annexed
        for Lalit Gupta & Associates
        Chartered Accountants

             Sd/-                                                                   Sd/-                                       Sd/-                              Sd/-                            Sd/-
        TARUN GOEL                                                           DR. BIJENDER SINGH                CH. SUKHBIR SINGH PANWAR                 R.S. DAHIYA                       A.P. SINGH
          PARTNER                                                                PRESIDENT                          VICE PRESIDENT                  GENERAL MANAGER                       A.G.M. (BKG)


Place : New Delhi
Dated : 01/09/2007
    Schedule-11
    FIXED ASSETS
                                                                                             Amount           Current Year                           Amount              PreviousYear
                                                                                                             As at 31.3.2007                                            As at 31.3.2006
    PREMISES INCLUDING LAND
       i)Land                                                                                 3,564,300.00                                             3,564,300.00
     ii)Building (at depriciated value)                                                       7,728,850.00                                             4,614,613.00
    iii) Building Work in progress                                                                    0.00       11,293,150.00                         1,890,505.00         10,069,418.00
    OTHER FIXED ASSETS ( including Furniture & Fixture)
    (at depreciated value)                                                                                       10,125,517.88                                              10,054,462.40
    Total                                                                                                        21,418,667.88                                              20,123,880.40

    Schedule-12

                                                                         Amount            Current Year                                              Amount              PreviousYear
    INTEREST RECOVERABLE                                                                  As at 31.3.2007                                                               As at 31.3.2006

  1 From Socities under liquidation                                          5955064.21                                                                 5955064.21
  2 Others                                                                 204242212.42      210197276.63                                             191594307.26          197549371.47



    Schedule-13

                                                                                             Amount           Current Year                           Amount              PreviousYear
    OTHER ASSETS                                                                                             As at 31.3.2007                                            As at 31.3.2006

    a) Interest accrued but not due on Investment and advances                              206,821,454.43                                           248,859,786.33
       to Food Credit and IFFCO
    b) Stationery in hand                                                                       684,598.77                                               714,128.77
    c) Sundry Debtors                                                                           266,540.39                                               266,540.39
    d) Security Deposits                                                                        153,869.32                                               153,869.32
    e) Income Tax Recoverable                                                                35,839,693.00                                            38,821,529.00
    f) Advances Recoverable in Cash or Kind                                                   4,705,767.09                                             3,847,344.03
    h) Debit Notes                                                                              594,661.67                                               595,620.67
    i) Interest recoverable from R.R. Societies (as per Contra)                                 136,850.88                                               136,850.88
    j) Other                                                                                  6,325,853.92      255,529,289.47                         3,402,776.50        296,798,445.89

    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

         Sd/-                                                            Sd/-                              Sd/-                               Sd/-                           Sd/-
    TARUN GOEL                                                    DR. BIJENDER SINGH       CH. SUKHBIR SINGH PANWAR                  R.S. DAHIYA                      A.P. SINGH
      PARTNER                                                         PRESIDENT                 VICE PRESIDENT                   GENERAL MANAGER                      A.G.M. (BKG)


Place : New Delhi
Dated : 01/09/2007
                                         THE DELHI STATE COOPERATIVE BANK LIMITED
                                31, NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI - 110002
                              PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2007


                                                                                                                       (Amount in Rupees)
                             INCOME                                             31.03.2007                                 31.03.2006
   1 Interest and discount                                                      677,077,534.23                             615,011,182.80
   2 Commission, exchange and brokerage                                           2,573,777.83                               2,453,322.07
   3 Income from non banking assets and profit from
     sale or dealing with such assets                                                 8,400.00                                   6,000.00
   4 Other receipts                                                              25,256,602.92                              14,299,715.34
     TOTAL                                                                      704,916,314.98                             631,770,220.21


                         EXPENDITURE                                            31.03.2007                                 31.03.2006
   1 Interest on deposits, borrowings, etc.                                     314,473,074.95                             333,540,644.37
   2 Salaries and allowances and provident fund                                 118,614,386.79                              81,644,665.03
   3 Directors fees & Travelling Expenses                                         1,451,647.75                                 750,777.00
   4 Rent, taxes, insurance, lighting, etc.                                       7,067,799.92                              13,559,432.98
   5 Law & Consultation Charges                                                     423,310.00                                 418,451.00
   6 Postage, Telegrams&Telephone Charges                                         2,141,760.39                               2,016,877.50
   7 Auditor's Remuneration
     a) Statutory Audit Fees                                       112,240.00                            112,240.00
     b) Tax Audit Fees                                              17,397.20                              17,397.20
     c) Internal Audit Fees                                        288,745.80       418,383.00           259,094.80            388,732.00
   8 Depreciation on and repairs in property
     a) Depreciation                                           1,999,437.27                             1,823,722.87
     b) Repairs and Maintenance                                1,275,927.39       3,275,364.66          1,304,859.70         3,128,582.57
   9 Stationery, printing and advertisement, etc.                                 1,428,549.74                               1,824,046.78
  10 Other expenditure (including loss of sales of fixed assets)                 17,616,780.96                              11,992,836.55
  11 Premium written off on Govt. Securities                                     14,467,047.00                              15,898,352.00
  12 Provision on Standard Assets                                                 1,760,022.52                                 444,263.68
  13 Provision for NPA                                                           60,000,000.00                               4,457,289.18
  14 Net Profit before Tax                                                      161,778,187.30                             161,705,269.57
     TOTAL                                                                      704,916,314.98                             631,770,220.21


     Profit before Tax                                                          161,778,187.30                             161,705,269.57
     Less Income Tax paid & Provision for Income Tax                             70,914,517.00                                       0.00
     Profit After Tax                                                            90,863,670.30                             161,705,269.57




As per our report of even date annexed
for Lalit Gupta & Associates
Chartered Accountants




(TARUN GOEL)                  (DR. BIJENDER SINGH)        (CH. SUKHBIR SINGH PANWAR)             (R.S. DAHIYA)            (A.P. SINGH)
 PARTNER                         PRESIDENT                         VICE PRESIDENT                GENERAL MANAGER           A.G.M.(BKG.)



Place : New Delhi
Dated :
     THE DELHI STATE COOPERATIVE BANK LIMITED

     FINANCIAL POSITION OF THE BANK AS ON 31.3.2006




A.   Share Capital                                                             AMOUNT (IN Rs.)

                 a) Cooperative Shares                                           24,810,200.00

                 (Out of above shares held by Govt. of Delhi)   8,002,500.00

                 b) Nominal Share Capital                                        22,230,110.00

                            TOTAL                                                47,040,310.00




B.   Reserve Fund and Other Reserves                                            836,846,403.60

C.   Total Deposits                                                            6,600,057,677.50

D.   Total Borrowings                                                           154,940,656.31

E.   Total Advances                                                            2,068,134,369.27

F.   Profit for the Year                                                        161,705,269.57

G.   Accumulated Profit                                                         177,582,658.36
                                              THE DELHI STATE COOPERATIVE BANK LTD.
                                        31, NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI-2

                                                       BALANCE SHEET AS AT 31.03.2008


                                                                           Current Year
                                                    Schedule No.          As on 31.03.08
CAPITAL & LIABILITIES:

Share Capital                                             1A               25290900.00
Nominal Share Capital                                     1B               28837620.00
Reserve Fund and Other Reserves                             2            1086708754.87
Deposits & Other Accounts                                   3            6580591259.70
Borrowings                                                  4             156744762.31
Bills for Collection Being Bills Receivable (as per contra)                 4820145.13
Overdue Interest Reserve                                                  251036098.82
Interest Payable                                            5             198773720.24
Other Liabilities & Provisions                              6              87862791.29
Profit & Loss A/c                                           7             194052754.40

                                                  Total                  8614718806.76

ASSETS:

Cash & Balance with RBI, SBI,SCBs & CCBs                                  211658069.85
Balance with Other Banks                                  8              2956551785.02
Investments                                               9              1662118000.00
Advances                                                 10              3267305568.48
Branch Adjustment                                                          14371629.45
Fixed Assets                                             11                29082710.87
Interest Recoverable                                     12               251036098.82
Bills Receivable Being Bills for Collection (as per contra)                 4820145.13
Other Assets                                             13               143583212.14
Deferred Revenue Expenditure                                               74191587.00

                                                  Total                  8614718806.76


Contingent Liabilities (Guarantee issued to others)                         6639282.50



As per our report of even date annexed
for Lalit Gupta & Associates
Chartered Accountants


   Sd/-                          Sd/-                           Sd/-                            Sd/-
(TARUN GOEL)            (DR. BIJENDER SINGH)      (CH. SUKHBIR SINGH PANWAR)                (R.S. DAHIYA)
  PARTNER                      PRESIDENT               VICE- PRESIDENT                     MANAGING DIRECTOR
Place : New Delhi
Dated : 30/08/2008
NEW DELHI-2



       (Amt. In Rupees)
              Previous Year
             As on 31.03.07


             25289900.00
             25657710.00
            994248390.57
           6392724886.05
            150825149.31      Calculation for Significant Accounting policies
              6350781.41
            210197276.63           8609570098.44 Working Fund
            181710669.48
            111908611.05             9.361517804   Interest Income as percentage of working funds
            106741059.09
                                    14,268,912.44 Other Income
           8205654433.59
                                     0.165733158   Non interest income as percentage of working funds

                                   328,341,900.10 Operating Profit
            172361939.50
           3048569881.87             3.813685194 Operating profit    as a percentage of working funds
           1778614200.00           178,175,365.61 Profit after Tax
           2617703043.41             2.069503629 Return of Assets
              6404375.42
             21418667.88                  205.70   Business (Deposits + Advances) per employee
            210197276.63                           * 490 number of employees
              6350781.41
            255529289.47                 2,902.06 Profit Before Tax
             88504978.00                      490 Number of employees
                                             5.92 Gross Profit per employee
           8205654433.59


              9442594.00




              Sd/-
          (ANITA RAWAT)
           A.G.M. (BKG)
king funds
    Schedule-1A




    CAPITAL:
    Authorised Capital
       a) 10,00,000 shares of Rs. 50 each
          (Previous year 1000000 shares of Rs.50 each)
    Subscribed and Paid-up Capital
     505818 shares of Rs. 50 each fully paid up
    ( Prev. year 505798 shares of Rs. 50 each)

         (i) Individuals 431 shares of Rs. 50/- each
    ( Prev. year 431 shares of Rs. 50 each)
        (ii) Co-operative Institutions 345337 shares of Rs. 50 each
    ( Prev. year 345317 shares of Rs. 50 each)
        (iii) State Government 160050 shares of Rs. 50 each
    ( Prev. year 160050 shares of Rs. 50 each)

    TOTAL
    Schedule-1B




     Nominal Shares Capital
    Authorised Capital
     Unlimited number of redeemable nominal shares
          of Rs. 10/- each
    Subscribed and Paid-up Nominal Share Capital
     2883762 shares of Rs. 10 each
    ( Prev. year 2565771 shares of Rs. 10 each)

    TOTAL


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

        Sd/-                                                                 Sd/-
    TARUN GOEL                                                        DR. BIJENDER SINGH
      PARTNER                                                            PRESIDENT


Place : New Delhi
Dated : 30/08/2008
         Schedule-2



         RESERVE FUND AND OTHER RESERVES

(i)      Statutory Reserve
(ii)     Agricultural (Credit stabilization fund)
(iii) Building Fund
(iv) Dividend Equalization Fund
(v)      Special Bad Debts Reserve
(vii) Investment and Depreciation Reserve
(viii) Shares Transfer Fund
(ix) Common Good Fund
(x)      Publicity Fund
(xi) General Reserve
(xii) Staff Welfare Fund
(xiii) Revaluation Reserve for land/Building
(xiv) Technology Upgradation Fund

         Schedule-3



         DEPOSITS AND OTHER ACCOUNTS:

       i) Fixed Deposits
             a) Individuals                                1,594,783,597.99
             b) Others (Societies)                         1,947,093,206.90

      ii) Saving Bank Deposits
             a) Individuals                                2,243,249,997.17
             b) Others (Societies)                           194,947,318.88

  iii) Current Deposits
          a) Individuals                                     412,714,702.05
          b) Coop. Banks                                     105,884,932.25
          c) Others (Societies)                               81,917,504.46

         As per our report of even date annexed
         for Lalit Gupta & Associates
         Chartered Accountants

             Sd/-                                          Sd/-
         TARUN GOEL                                 DR. BIJENDER SINGH
           PARTNER                                     PRESIDENT
Place : New Delhi
Dated : 30/08/2008

    Schedule-4


     BORROWINGS:
  i) From the State Government/NABARD
       a) Short-term loans

      b) Medium-term loans
        - Refinance from NABARD under N.F.S

      c) Long-term loans
        -Loan from Rehabilitation Ministry (CONTRA)

    Schedule-5


    INTEREST PAYABLE
       i) Deposits
      ii) Borrowings

    Schedule-6


    OTHER LIABILITIES & PROVISIONS
        i) Bills Payable
      ii) Dividend Payable
     iii) Sundries
     iv)Contingent Provision against Standard Assets
     v)Provision on Bad &Doubtful Debt
    vi)Provision for Income Tax recoverable
    vii) Provision for Income Tax
    vii) Provision for Gratuity
    viii) Service Tax & Edu. Cess


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

        Sd/-                                                  Sd/-
    TARUN GOEL                                         DR. BIJENDER SINGH
      PARTNER                                             PRESIDENT


Place : New Delhi
Dated :30/08/2008

    Schedule-7
    PROFIT AND LOSS
    Profit as per last balance-sheet                               106,741,059.09
    Less :
    (i) Appropriations
       ( As approved in AGM held on 25.10.2007)
       (a) Statutory Reserve                                        22,715,918.00
       (b) Agriculture Stabilization Fund                           13,629,551.00
       (c) Building Fund                                                     0.00
       (d) Bad Debt Reserve                                         51,373,201.30
       (e) Staff Welfare Fund                                                0.00
       (f) Technology Upgradation Fund                                       0.00
        (g) Provision for Dividend for the year 2006-07              3,145,000.00
        (h) Publicity Fund                                                   0.00
        (i) General Reserve                                                  0.00
                                                                    90,863,670.30

    Add : profit for the current year brought from
    the Profit and Loss Account


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

        Sd/-                                                     Sd/-
    TARUN GOEL                                            DR. BIJENDER SINGH
      PARTNER                                                PRESIDENT


Place : New Delhi
Dated : 30/08/2008




    Schedule-8




    BALANCE WITH OTHER BANKS
      - In India
      i) Current Deposits
     ii) Fixed Deposits



    Schedule-9
        INVESTMENTS (at Book Value)
          i) In Central and State Govt. Securities
         ii) Other Trustee Securities
         iii) Other Investments
             - Investment in bonds of F.Is.

        As per our report of even date annexed
        for Lalit Gupta & Associates
        Chartered Accountants

            Sd/-                                                                 Sd/-
        TARUN GOEL                                                        DR. BIJENDER SINGH
          PARTNER                                                            PRESIDENT


Place : New Delhi
Dated : 30/08/2008


        Schedule-10


        ADVANCES
  (i)    Short-term loans, cash credits, overdrafts and bill discounted
         of which secured against:
          a) Govt. and other approved securities                                 1,703,867,222.31
          b) Other tangible securities                                             109,632,964.15
          c) Personal Guarantee                                                    891,800,622.98
         Short-term loans, cash credits, overdrafts and bill discounted
         (a) Unsecured                                                              54,151,855.02
        [of the advances amount due from individuals Rs. 989646617.15
        (Previous Year Rs.898878517.80
 (ii)    Medium-term loans
         of which secured against:
          a) Government and other approved securities                                1,803,171.00
          b) Other tangible securities                                             152,201,439.85
          c) Personal Guarantee                                                    101,529,863.99
         Medium-term loans
         (a) Unsecured                                                              45,364,186.51

        (of the advances amou nt due from Individuals Rs. 292842169.65
        (Previous Year Rs. 281014666.45)]
 (iii) Long-term loans
       [ of the advances amount due from Individuals Rs. 417206705.18
       (Previous Year Rs.370665962.36)
          a) Under liquidation Societies                                             9,173,259.59
     b) Other tangible securities                                                     429,177,218.18
     c) Loan to R.R. Societies (contra)                                                   191,712.31

    Less : Bad & doubtful Debt Reserve (NPA)
    @ of the advances above as covered in i,ii and iii, amount overdue Rs. 1505.50 lacs
    (Prev. year Rs. 1389.49 lacs)
    [of the advances above, considered doubtful of recovery Rs. 1170.17 lacs
    (Prev. year Rs. 1105.94 lacs)]
    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

        Sd/-                                                                     Sd/-
    TARUN GOEL                                                            DR. BIJENDER SINGH
      PARTNER                                                                PRESIDENT


Place : New Delhi
Dated : 30/08/2008
     Schedule-11
     FIXED ASSETS


    PREMISES INCLUDING LAND
      i)Land
     ii)Building (at depriciated value)
    OTHER FIXED ASSETS ( including Furniture & Fixture)
    (at depreciated value)
    Total

    Schedule-12


    INTEREST RECOVERABLE

  1 From Socities under liquidation
  2 Others



    Schedule-13


    OTHER ASSETS

    a) Interest accrued but not due on Investment and advances
       to Food Credit and IFFCO
    b) Stationery in hand
    c) Sundry Debtors
    d) Security Deposits
    e) Income Tax Recoverable
    f) Advances Recoverable in Cash or Kind
    h) Debit Notes
    i) Interest recoverable from R.R. Societies (as per Contra)
    j) Other

    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants

        Sd/-                                                             Sd/-
    TARUN GOEL                                                    DR. BIJENDER SINGH
      PARTNER                                                        PRESIDENT


Place : New Delhi
Dated : 30/08/2008
                                                (Amount in Rupees)

 Amount           Current Year                         Amount               PreviousYear
                 As at 31.3.2008                                           As at 31.3.2007



                     50,000,000.00                                             50,000,000.00




    21,550.00                                               21,550.00

 17,266,850.00                                           17,265,850.00

  8,002,500.00       25,290,900.00                        8,002,500.00         25,289,900.00


                     25,290,900.00                                             25,289,900.00
                                                (Amount in Rupees)

 Amount           Current Year                         Amount               PreviousYear
                 As at 31.3.2008                                           As at 31.3.2007




                     28,837,620.00                                             25,657,710.00

                     28,837,620.00                                             25,657,710.00




          Sd/-                              Sd/-                             Sd/-
CH. SUKHBIR SINGH PANWAR                R.S. DAHIYA                      ANITA RAWAT
    VICE PRESIDENT                   MANAGING DIRECTOR                   A.G.M. (BKG)
  Amount            Current Year                           Amount               PreviousYear
                   As at 31.3.2008                                             As at 31.3.2007



 282,482,544.06                                            259,766,626.06
 176,427,711.19                                            158,056,466.19
 113,200,000.00                                            113,200,000.00
  78,379,083.44                                             78,379,083.44
 269,781,789.43                                            218,408,588.13
     363,494.00                                                363,494.00
  16,212,700.00                                             16,212,700.00
       3,650.00                                                  3,650.00
   1,003,081.24                                              1,003,081.24
  15,259,001.61                                             15,259,001.61
  50,000,000.00                                             50,000,000.00
   3,595,699.90                                              3,595,699.90
  80,000,000.00     1,086,708,754.87                        80,000,000.00         994,248,390.57



  Amount            Current Year                           Amount               PreviousYear
                   As at 31.3.2008                                             As at 31.3.2007



                                       2,080,082,882.13
3,541,876,804.89                       1,425,094,584.90   3,505,177,467.03


                                       2,140,533,035.77
2,438,197,316.05                         176,447,706.61   2,316,980,742.38


                                        415,596,014.73
                                         74,968,577.22
 600,517,138.76     6,580,591,259.70     80,002,084.69     570,566,676.64       6,392,724,886.05




           Sd/-                                Sd/-                              Sd/-
 CH. SUKHBIR SINGH PANWAR                  R.S. DAHIYA                       ANITA RAWAT
     VICE PRESIDENT                     MANAGING DIRECTOR                    A.G.M. (BKG)
 Amount           Current Year                       Amount                 PreviousYear
                 As at 31.3.2008                                           As at 31.3.2007

     14,850.00                                              18,237.00


156,538,200.00                                       150,615,200.00


   191,712.31       156,744,762.31                         191,712.31         150,825,149.31



 Amount           Current Year                       Amount                 PreviousYear
                 As at 31.3.2008                                           As at 31.3.2007
196,712,071.10                                       180,238,814.60
  2,061,649.14      198,773,720.24                     1,471,854.88           181,710,669.48



 Amount           Current Year                       Amount                 PreviousYear
                 As at 31.3.2008                                           As at 31.3.2007
 54,838,883.64                                           60,100,032.26
  7,255,001.50                                            5,940,840.50
  4,573,807.48                                            3,568,178.48
  7,618,494.46                                            6,116,460.20
  5,031,303.56                                            5,031,303.56
  1,495,354.00                                            1,495,354.00
          0.00                                           22,603,210.00
  7,000,000.00                                            7,000,000.00
     49,946.65       87,862,791.29                           53,232.05        111,908,611.05




          Sd/-                              Sd/-                             Sd/-
CH. SUKHBIR SINGH PANWAR                R.S. DAHIYA                      ANITA RAWAT
    VICE PRESIDENT                   MANAGING DIRECTOR                   A.G.M. (BKG)
  Amount            Current Year                         Amount               PreviousYear
                   As at 31.3.2008                                           As at 31.3.2007


                                       177,582,658.36



                                        40,426,317.00
                                        24,255,791.00
                                         5,000,000.00
                                        71,482,161.57
                                         2,500,000.00
                                        15,000,000.00
                                         3,041,000.00
                                                 0.00
                                                 0.00
  15,877,388.79                        161,705,269.57      15,877,388.79


 178,175,365.61       194,052,754.40                       90,863,670.30        106,741,059.09




           Sd/-                               Sd/-                             Sd/-
 CH. SUKHBIR SINGH PANWAR                 R.S. DAHIYA                      ANITA RAWAT
     VICE PRESIDENT                    MANAGING DIRECTOR                   A.G.M. (BKG)




  Amount            Current Year                         Amount               PreviousYear
                   As at 31.3.2008                                           As at 31.3.2007



  306,551,785.02                                          188,582,992.87
2,650,000,000.00    2,956,551,785.02                    2,859,986,889.00      3,048,569,881.87
  Amount            Current Year                                                PreviousYear
                   As at 31.3.2008                                             As at 31.3.2007

1,223,500,000.00                                          1,227,500,000.00
  288,300,000.00                                            330,800,000.00
  150,318,000.00    1,662,118,000.00                        220,314,200.00      1,778,614,200.00




           Sd/-                                Sd/-                              Sd/-
 CH. SUKHBIR SINGH PANWAR                  R.S. DAHIYA                       ANITA RAWAT
     VICE PRESIDENT                     MANAGING DIRECTOR                    A.G.M. (BKG)




  Amount            Current Year                           Amount               PreviousYear
                   As at 31.3.2008                                             As at 31.3.2007


                                       1,170,227,602.95
                                         108,367,260.32
                                         793,926,649.12


2,759,452,664.46                         57,632,070.79    2,130,153,583.18




                                          1,676,595.00
                                        120,187,720.35
                                        119,213,095.29


 300,898,661.35                          48,064,936.51     289,142,347.15




                                          9,320,978.59
                                        383,848,826.36
   438,542,190.08                           191,712.31      393,361,517.26
3,498,893,515.89                                         2,812,657,447.59
   231,587,947.41   3,267,305,568.48                        194,954,404.18      2,617,703,043.41




           Sd/-                                Sd/-                              Sd/-
 CH. SUKHBIR SINGH PANWAR                  R.S. DAHIYA                       ANITA RAWAT
     VICE PRESIDENT                     MANAGING DIRECTOR                    A.G.M. (BKG)




   Amount            Current Year                         Amount                PreviousYear
                    As at 31.3.2008                                            As at 31.3.2007

    3,564,300.00                                             3,564,300.00
    8,415,077.00        11,979,377.00                        7,728,850.00          11,293,150.00

                        17,103,333.87                                              10,125,517.88
                        29,082,710.87                                              21,418,667.88



   Amount            Current Year                         Amount                PreviousYear
                    As at 31.3.2008                                            As at 31.3.2007

   5,957,246.21                                               5955064.21
 245,078,852.61       251,036,098.82                        204242212.42           210197276.63




   Amount            Current Year                         Amount                PreviousYear
                    As at 31.3.2008                                            As at 31.3.2007

  109,148,910.35                                           206,821,454.43

      694,288.77                                               684,598.77
      266,540.39                                               266,540.39
      153,869.32                                               153,869.32
   24,379,317.00                                            35,839,693.00
  2,819,438.78                                        4,705,767.09
    903,855.67                                          594,661.67
    136,850.88                                          136,850.88
  5,080,140.98   143,583,212.14                       6,325,853.92        255,529,289.47




          Sd/-                           Sd/-                            Sd/-
CH. SUKHBIR SINGH PANWAR             R.S. DAHIYA                     ANITA RAWAT
    VICE PRESIDENT                MANAGING DIRECTOR                  A.G.M. (BKG)
                                      THE DELHI STATE COOPERATIVE BANK LIMITED
                              31, NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI - 110002
                            PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2008



   INCOME
 1 Interest and discount
 2 Commission, exchange and brokerage
 3 Income from non banking assets and profit from
   sale or dealing with such assets
 4 Other receipts
   TOTAL


   EXPENDITURE
 1 Interest on deposits, borrowings, etc.
 2 Salaries and allowances and provident fund
 3 Directors fees & Travelling Expenses
 4 Rent, taxes, insurance, lighting, etc.
 5 Law & Consultation Charges
 6 Postage, Telegrams&Telephone Charges
 7 Auditor's Remuneration
   a) Statutory Audit Fees                                       112,240.00
   b) Tax Audit Fees                                              17,397.20
   c) Internal Audit Fees                                        289,951.80
 8 Depreciation on and repairs in property
   a) Depreciation                                          3,588,701.51
   b) Repairs and Maintenance                               1,668,721.90
 9 Stationery, printing and advertisement, etc.
10 Other expenditure (including loss of sales of fixed assets)
11 Premium written off on Govt. Securities
12 Provision on Standard Assets
13 Provision for NPA
14 Net Profit before Tax
   TOTAL
     Profit before Tax
     Less Income Tax paid
     Profit After Tax




As per our report of even date annexed
for Lalit Gupta & Associates
Chartered Accountants



     Sd/-                                Sd/-                  Sd/-
(TARUN GOEL)                (DR. BIJENDER SINGH)   (CH. SUKHBIR SINGH PANWAR)     (R.S.
 PARTNER                       PRESIDENT               VICE PRESIDENT           MANAGI



Place : New Delhi
Dated : 30/08/2008




     Operating Expenses
PERATIVE BANK LIMITED
ARYAGANJ, NEW DELHI - 110002
R THE YEAR ENDED MARCH 31, 2008


                                                 (Amount in Rupees)
           31.03.2008                                31.03.2007
           805,986,437.61                            677,077,534.23
             2,953,803.06                              2,573,777.83


                 8,400.00                                  8,400.00
            11,306,709.38                             25,256,602.92
           820,255,350.05                            704,916,314.98


           31.03.2008                                31.03.2007
           344,170,665.11                            314,473,074.95
            94,392,310.78                            118,614,386.79
             1,608,529.00                              1,451,647.75
             7,258,192.18                              7,067,799.92
              311,779.00                                 423,310.00
             1,992,952.45                              2,141,760.39


                                   112,240.00
                                    17,397.20
              419,589.00           288,745.80            418,383.00


                                  1,999,437.27
             5,257,423.41         1,275,927.39         3,275,364.66
             3,051,935.32                              1,428,549.74
            19,136,682.70                             17,616,780.96
            14,313,391.00                             14,467,047.00
             1,502,034.26                              1,760,022.52
            36,633,543.23                             60,000,000.00
           290,206,322.61                            161,778,187.30
           820,255,350.05                            704,916,314.98
           290,206,322.61                             161,778,187.30
           112,030,957.00                              70,914,517.00
           178,175,365.61                              90,863,670.30




        Sd/-                            Sd/-             Sd/-
UKHBIR SINGH PANWAR)              (R.S. DAHIYA)     (ANITA RAWAT)
VICE PRESIDENT                  MANAGING DIRECTOR    A.G.M.(BKG.)




               185,878,362.33
                                             THE DELHI STATE COOPERATIVE BANK LTD.
                                       31, NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI-2

                                                      BALANCE SHEET AS AT 31.03.2008


                                                                    Current Year
                                                    Schedule No.   As on 31.03.08
CAPITAL & LIABILITIES:

Share Capital                                             1A          25,290.90
Nominal Share Capital                                     1B          28,837.62
Reserve Fund and Other Reserves                             2      1,086,708.75
Deposits & Other Accounts                                   3      6,580,591.26
Borrowings                                                  4        156,744.76
Bills for Collection Being Bills Receivable (as per contra)            4,820.15
Overdue Interest Reserve                                             251,036.10
Interest Payable                                            5        198,773.72
Other Liabilities & Provisions                              6         87,862.79
Profit & Loss A/c                                           7        194,052.75

                                                  Total            8,614,718.81

ASSETS:

Cash & Balance with RBI, SBI,SCBs & CCBs                             211,658.07
Balance with Other Banks                                  8        2,956,551.79
Investments                                               9        1,662,118.00
Advances                                                 10        3,267,305.57
Branch Adjustment                                                     14,371.63
Fixed Assets                                             11           29,082.71
Interest Recoverable                                     12          251,036.10
Bills Receivable Being Bills for Collection (as per contra)            4,820.15
Other Assets                                             13          143,583.21
Deferred Revenue Expenditure                                          74,191.59

                                                  Total            8,614,718.81


Contingent Liabilities (Guarantee issued to others)                    6,639.28



As per our report of even date annexed
for Lalit Gupta & Associates
Chartered Accountants
(TARUN GOEL)        (DR. BIJENDER SINGH)   (CH. SUKHBIR SINGH PANWAR)    (R.S. DAHIYA)
  PARTNER                 PRESIDENT            VICE- PRESIDENT          MANAGING DIRECTOR


Place : New Delhi
Dated :
TIVE BANK LTD.
AGANJ, NEW DELHI-2

31.03.2008

         (Amt. In Rupees)
            Previous Year
           As on 31.03.07


                25,289.90         1.00
                25,657.71     3,179.91
               994,248.39    92,460.36
             6,392,724.89   187,866.37
               150,825.15     5,919.61
                 6,350.78    (1,530.64)
               210,197.28    40,838.82
               181,710.67    17,063.05
               111,908.61   (24,045.82)
               106,741.06    87,311.70
                                   -
             8,205,654.43   409,064.37
                                    -
                                    -
                                    -
               172,361.94     39,296.13
             3,048,569.88    (92,018.10)
             1,778,614.20   (116,496.20)
             2,617,703.04    649,602.53
                 6,404.38      7,967.25
                21,418.67      7,664.04
               210,197.28     40,838.82
                 6,350.78     (1,530.64)
               255,529.29   (111,946.08)
                88,504.98    (14,313.39)
                                    -
             8,205,654.43   409,064.37
                                   -
                                   -
                 9,442.59    (2,803.31)
(ANITA RAWAT)
 A.G.M. (BKG)
    Schedule-1A




    CAPITAL:
    Authorised Capital
       a) 10,00,000 shares of Rs. 50 each
          (Previous year 1000000 shares of Rs.50 each)
    Subscribed and Paid-up Capital
     505818 shares of Rs. 50 each fully paid up
    ( Prev. year 505798 shares of Rs. 50 each)

         (i) Individuals 431 shares of Rs. 50/- each
    ( Prev. year 431 shares of Rs. 50 each)
        (ii) Co-operative Institutions 345337 shares of Rs. 50 each
    ( Prev. year 345317 shares of Rs. 50 each)
        (iii) State Government 160050 shares of Rs. 50 each
    ( Prev. year 160050 shares of Rs. 50 each)

    TOTAL
    Schedule-1B




     Nominal Shares Capital
    Authorised Capital
     Unlimited number of redeemable nominal shares
          of Rs. 10/- each
    Subscribed and Paid-up Nominal Share Capital
     2883762 shares of Rs. 10 each
    ( Prev. year 2565771 shares of Rs. 10 each)

    TOTAL


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                                        DR. BIJENDER SINGH
      PARTNER                                                            PRESIDENT


Place : New Delhi
Dated :
         Schedule-2



         RESERVE FUND AND OTHER RESERVES

(i)      Statutory Reserve
(ii)     Agricultural (Credit stabilization fund)
(iii)    Building Fund
(iv)     Dividend Equalization Fund
(v)      Special Bad Debts Reserve
(vii)    Investment and Depreciation Reserve
(viii)   Shares Transfer Fund
(ix)     Common Good Fund
(x)      Publicity Fund
(xi)     General Reserve
(xii)    Staff Welfare Fund
(xiii)   Revaluation Reserve for land/Building
(xiv)    Technology Upgradation Fund

         Schedule-3



         DEPOSITS AND OTHER ACCOUNTS:

    i) Fixed Deposits
          a) Individuals                               1,594,783.60
          b) Others (Societies)                        1,947,093.21

   ii) Saving Bank Deposits
          a) Individuals                               2,243,250.00
          b) Others (Societies)                          194,947.32

  iii) Current Deposits
          a) Individuals                                 412,714.70
          b) Coop. Banks                                 105,884.93
          c) Others (Societies)                           81,917.50

         As per our report of even date annexed
         for Lalit Gupta & Associates
         Chartered Accountants


         TARUN GOEL                                 DR. BIJENDER SINGH
           PARTNER                                     PRESIDENT


Place : New Delhi
Dated :

         Schedule-4
     BORROWINGS:
  i) From the State Government/NABARD
       a) Short-term loans

      b) Medium-term loans
        - Refinance from NABARD under N.F.S

      c) Long-term loans
        -Loan from Rehabilitation Ministry (CONTRA)

    Schedule-5


    INTEREST PAYABLE
       i) Deposits
      ii) Borrowings

    Schedule-6


    OTHER LIABILITIES & PROVISIONS
        i) Bills Payable
      ii) Dividend Payable
     iii) Sundries
     iv)Contingent Provision against Standard Assets
     v)Provision on Bad &Doubtful Debt
    vi)Provision for Income Tax recoverable
    vii) Provision for Income Tax
    vii) Provision for Gratuity
    viii) Service Tax & Edu. Cess


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                         DR. BIJENDER SINGH
      PARTNER                                             PRESIDENT


Place : New Delhi
Dated :

    Schedule-7




    PROFIT AND LOSS
    Profit as per last balance-sheet                           106,741.06
    Less :
    (i) Appropriations
       ( As approved in AGM held on 25.10.2007)
       (a) Statutory Reserve                                    22,715.92
       (b) Agriculture Stabilization Fund                       13,629.55
       (c) Building Fund                                             0.00
       (d) Bad Debt Reserve                                     51,373.20
       (e) Staff Welfare Fund                                        0.00
       (f) Technology Upgradation Fund                               0.00
        (g) Provision for Dividend for the year 2006-07          3,145.00
        (h) Publicity Fund                                           0.00
        (i) General Reserve                                          0.00
                                                                90,863.67

    Add : profit for the current year brought from
    the Profit and Loss Account


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                            DR. BIJENDER SINGH
      PARTNER                                                PRESIDENT


Place : New Delhi
Dated :




    Schedule-8




    BALANCE WITH OTHER BANKS
      - In India
      i) Current Deposits
     ii) Fixed Deposits



    Schedule-9



    INVESTMENTS (at Book Value)
          i) In Central and State Govt. Securities
         ii) Other Trustee Securities
         iii) Other Investments
             - Investment in bonds of F.Is.

        As per our report of even date annexed
        for Lalit Gupta & Associates
        Chartered Accountants


        TARUN GOEL                                                        DR. BIJENDER SINGH
          PARTNER                                                            PRESIDENT


Place : New Delhi
Dated :


        Schedule-10


        ADVANCES
  (i)    Short-term loans, cash credits, overdrafts and bill discounted
         of which secured against:
          a) Govt. and other approved securities                             1,703,867.22
          b) Other tangible securities                                         109,632.96
          c) Personal Guarantee                                                891,800.62
         Short-term loans, cash credits, overdrafts and bill discounted
         (a) Unsecured                                                          54,151.86
        [of the advances amount due from individuals Rs. 989646617.15
        (Previous Year Rs.898878517.80
 (ii)    Medium-term loans
         of which secured against:
          a) Government and other approved securities                            1,803.17
          b) Other tangible securities                                         152,201.44
          c) Personal Guarantee                                                101,529.86
         Medium-term loans
         (a) Unsecured                                                          45,364.19

        (of the advances amou nt due from Individuals Rs. 292842169.65
        (Previous Year Rs. 281014666.45)]
 (iii) Long-term loans
       [ of the advances amount due from Individuals Rs. 417206705.18
       (Previous Year Rs.370665962.36)
          a) Under liquidation Societies                                         9,173.26
          b) Other tangible securities                                         429,177.22
          c) Loan to R.R. Societies (contra)                                       191.71

        Less : Bad & doubtful Debt Reserve (NPA)
    @ of the advances above as covered in i,ii and iii, amount overdue Rs. 1505.50 lacs
    (Prev. year Rs. 1525.03 lacs)
    [of the advances above, considered doubtful of recovery Rs. 1170.17 lacs
    (Prev. year Rs. 1060.57 lacs)]
    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                                            DR. BIJENDER SINGH
      PARTNER                                                                PRESIDENT


Place : New Delhi
Dated :
     Schedule-11
     FIXED ASSETS


    PREMISES INCLUDING LAND
      i)Land
     ii)Building (at depriciated value)
    OTHER FIXED ASSETS ( including Furniture & Fixture)
    (at depreciated value)
    Total

    Schedule-12


    INTEREST RECOVERABLE

  1 From Socities under liquidation
  2 Others



    Schedule-13


    OTHER ASSETS

    a) Interest accrued but not due on Investment and advances
       to Food Credit and IFFCO
    b) Stationery in hand
    c) Sundry Debtors
    d) Security Deposits
    e) Income Tax Recoverable
    f) Advances Recoverable in Cash or Kind
    h) Debit Notes
    i) Interest recoverable from R.R. Societies (as per Contra)
    j) Other
    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                                        DR. BIJENDER SINGH
      PARTNER                                                            PRESIDENT


Place : New Delhi
Dated :



    Schedule-1A




    CAPITAL:
    Authorised Capital
       a) 10,00,000 shares of Rs. 50 each
          (Previous year 1000000 shares of Rs.50 each)
    Subscribed and Paid-up Capital
     505818 shares of Rs. 50 each fully paid up
    ( Prev. year 505798 shares of Rs. 50 each)

         (i) Individuals 431 shares of Rs. 50/- each
    ( Prev. year 431 shares of Rs. 50 each)
        (ii) Co-operative Institutions 345337 shares of Rs. 50 each
    ( Prev. year 345317 shares of Rs. 50 each)
        (iii) State Government 160050 shares of Rs. 50 each
    ( Prev. year 160050 shares of Rs. 50 each)

    TOTAL
    Schedule-1B




     Nominal Shares Capital
    Authorised Capital
     Unlimited number of redeemable nominal shares
          of Rs. 10/- each
    Subscribed and Paid-up Nominal Share Capital
     2883762 shares of Rs. 10 each
    ( Prev. year 2565771 shares of Rs. 10 each)

    TOTAL


    As per our report of even date annexed
         for Lalit Gupta & Associates
         Chartered Accountants


         TARUN GOEL                                 DR. BIJENDER SINGH
           PARTNER                                     PRESIDENT


Place : New Delhi
Dated :


         Schedule-2



         RESERVE FUND AND OTHER RESERVES

(i)      Statutory Reserve
(ii)     Agricultural (Credit stabilization fund)
(iii)    Building Fund
(iv)     Dividend Equalization Fund
(v)      Special Bad Debts Reserve
(vii)    Investment and Depreciation Reserve
(viii)   Shares Transfer Fund
(ix)     Common Good Fund
(x)      Publicity Fund
(xi)     General Reserve
(xii)    Staff Welfare Fund
(xiii)   Revaluation Reserve for land/Building
(xiv)    Technology Upgradation Fund

         Schedule-3



         DEPOSITS AND OTHER ACCOUNTS:

    i) Fixed Deposits
          a) Individuals                            1,594,783,597.99
          b) Others (Societies)                     1,947,093,206.90

   ii) Saving Bank Deposits
          a) Individuals                            2,243,249,997.17
          b) Others (Societies)                       194,947,318.88

  iii) Current Deposits
          a) Individuals                             412,714,702.05
          b) Coop. Banks                             105,884,932.25
          c) Others (Societies)                       81,917,504.46

         As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                         DR. BIJENDER SINGH
      PARTNER                                             PRESIDENT


Place : New Delhi
Dated :

    Schedule-4


     BORROWINGS:
  i) From the State Government/NABARD
       a) Short-term loans

      b) Medium-term loans
        - Refinance from NABARD under N.F.S

      c) Long-term loans
        -Loan from Rehabilitation Ministry (CONTRA)

    Schedule-5


    INTEREST PAYABLE
       i) Deposits
      ii) Borrowings

    Schedule-6


    OTHER LIABILITIES & PROVISIONS
        i) Bills Payable
      ii) Dividend Payable
     iii) Sundries
     iv)Contingent Provision against Standard Assets
     v)Provision on Bad &Doubtful Debt
    vi)Provision for Income Tax recoverable
    vii) Provision for Income Tax
    vii) Provision for Gratuity
    viii) Service Tax & Edu. Cess


    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                         DR. BIJENDER SINGH
       PARTNER                                              PRESIDENT


Place : New Delhi
Dated :

    Schedule-7




    PROFIT AND LOSS
    Profit as per last balance-sheet                       106,741,059.09
    Less :
    (i) Appropriations
       ( As approved in AGM held on 25.10.2007)
       (a) Statutory Reserve                                22,715,918.00
       (b) Agriculture Stabilization Fund                   13,629,551.00
       (c) Building Fund                                             0.00
       (d) Bad Debt Reserve                                 51,373,201.30
       (e) Staff Welfare Fund                                        0.00
       (f) Technology Upgradation Fund                               0.00
        (g) Provision for Dividend for the year 2006-07      3,145,000.00
        (h) Publicity Fund                                           0.00
        (i) General Reserve                                          0.00
                                                            90,863,670.30

    Add : profit for the current year brought from
    the Profit and Loss Account



    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                            DR. BIJENDER SINGH
      PARTNER                                                PRESIDENT


Place : New Delhi
Dated :




    Schedule-8
        BALANCE WITH OTHER BANKS
          - In India
          i) Current Deposits
         ii) Fixed Deposits



        Schedule-9



        INVESTMENTS (at Book Value)
          i) In Central and State Govt. Securities
         ii) Other Trustee Securities
         iii) Other Investments
             - Investment in bonds of F.Is.

        As per our report of even date annexed
        for Lalit Gupta & Associates
        Chartered Accountants


        TARUN GOEL                                                        DR. BIJENDER SINGH
          PARTNER                                                            PRESIDENT


Place : New Delhi
Dated :


        Schedule-10


        ADVANCES
  (i)    Short-term loans, cash credits, overdrafts and bill discounted
         of which secured against:
          a) Govt. and other approved securities                          1,703,867,222.31
          b) Other tangible securities                                      109,632,964.15
          c) Personal Guarantee                                             891,800,622.98

         Short-term loans, cash credits, overdrafts and bill discounted
         (a) Unsecured                                                      54,151,855.02

        [of the advances amount due from individuals Rs. 989646617.15
        (Previous Year Rs.898878517.80

 (ii)    Medium-term loans
         of which secured against:
          a) Government and other approved securities                        1,803,171.00
          b) Other tangible securities                                     152,201,439.85
          c) Personal Guarantee                                            101,529,863.99
     Medium-term loans
     (a) Unsecured                                                            45,364,186.51

    (of the advances amou nt due from Individuals Rs. 292842169.65
    (Previous Year Rs. 281014666.45)]

(iii) Long-term loans
      [ of the advances amount due from Individuals Rs. 417206705.18
      (Previous Year Rs.370665962.36)
         a) Under liquidation Societies                                        9,173,259.59
         b) Other tangible securities                                        429,177,218.18
         c) Loan to R.R. Societies (contra)                                      191,712.31

    Less : Bad & doubtful Debt Reserve (NPA)

    @ of the advances above as covered in i,ii and iii, amount overdue Rs. 1505.50 lacs
    (Prev. year Rs. 1525.03 lacs)
    [of the advances above, considered doubtful of recovery Rs. 1170.17 lacs
    (Prev. year Rs. 1060.57 lacs)]

    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                                            DR. BIJENDER SINGH
      PARTNER                                                                PRESIDENT


Place : New Delhi
Dated :
     Schedule-11
     FIXED ASSETS


    PREMISES INCLUDING LAND
      i)Land
     ii)Building (at depriciated value)
    OTHER FIXED ASSETS ( including Furniture & Fixture)
    (at depreciated value)
    Total

    Schedule-12


    INTEREST RECOVERABLE

  1 From Socities under liquidation
  2 Others
    Schedule-13


    OTHER ASSETS

    a) Interest accrued but not due on Investment and advances
       to Food Credit and IFFCO
    b) Stationery in hand
    c) Sundry Debtors
    d) Security Deposits
    e) Income Tax Recoverable
    f) Advances Recoverable in Cash or Kind
    h) Debit Notes
    i) Interest recoverable from R.R. Societies (as per Contra)
    j) Other

    As per our report of even date annexed
    for Lalit Gupta & Associates
    Chartered Accountants


    TARUN GOEL                                                    DR. BIJENDER SINGH
      PARTNER                                                        PRESIDENT


Place : New Delhi
Dated :
                                         (Amount in Rupees)

Amount         Current Year                 Amount          PreviousYear
              As at 31.3.2008                              As at 31.3.2007



                    50,000.00                                   50,000.00




     21.55                                         21.55                     0.00

  17,266.85                                    17,265.85                     1.00

   8,002.50         25,290.90                   8,002.50        25,289.90    0.00


                    25,290.90                                   25,289.90
                                         (Amount in Rupees)

Amount         Current Year                 Amount          PreviousYear
              As at 31.3.2008                              As at 31.3.2007




                    28,837.62                                   25,657.71

                    28,837.62                                   25,657.71




CH. SUKHBIR SINGH PANWAR           R.S. DAHIYA             ANITA RAWAT
    VICE PRESIDENT              MANAGING DIRECTOR          A.G.M. (BKG)
Amount          Current Year                    Amount          PreviousYear
               As at 31.3.2008                                 As at 31.3.2007


 282,482.54                                      259,766.63                       22,715.92
 176,427.71                                      158,056.47                       18,371.25
 113,200.00                                      113,200.00                            0.00
  78,379.08                                       78,379.08                            0.00
 269,781.79                                      218,408.59                       51,373.20
     363.49                                          363.49                            0.00
  16,212.70                                       16,212.70                            0.00
       3.65                                            3.65                            0.00
   1,003.08                                        1,003.08                            0.00
  15,259.00                                       15,259.00                            0.00
  50,000.00                                       50,000.00                            0.00
   3,595.70                                        3,595.70                            0.00
  80,000.00       1,086,708.75                    80,000.00        994,248.39          0.00



Amount          Current Year                    Amount          PreviousYear
               As at 31.3.2008                                 As at 31.3.2007



                                 2,080,082.88                                    -485,299.28
3,541,876.80                     1,425,094.58   3,505,177.47                      521,998.62


                                 2,140,533.04                                    102,716.96
2,438,197.32                       176,447.71   2,316,980.74                      18,499.61


                                  415,596.01                                      -2,881.31
                                   74,968.58                                      30,916.36
 600,517.14       6,580,591.26     80,002.08     570,566.68      6,392,724.89      1,915.42




CH. SUKHBIR SINGH PANWAR            R.S. DAHIYA                ANITA RAWAT
    VICE PRESIDENT               MANAGING DIRECTOR             A.G.M. (BKG)
Amount         Current Year                 Amount        PreviousYear
              As at 31.3.2008                            As at 31.3.2007

     14.85                                       18.24                          -3.39


 156,538.20                                 150,615.20                      5,923.00


    191.71         156,744.76                   191.71       150,825.15         0.00



Amount         Current Year                 Amount        PreviousYear
              As at 31.3.2008                            As at 31.3.2007
 196,712.07                                 180,238.81                     16,473.26
   2,061.65        198,773.72                 1,471.85       181,710.67       589.79



Amount         Current Year                 Amount        PreviousYear
              As at 31.3.2008                            As at 31.3.2007
  54,838.88                                  60,100.03                      -5,261.15
   7,255.00                                   5,940.84                       1,314.16
   4,573.81                                   3,568.18                       1,005.63
   7,618.49                                   6,116.46                       1,502.03
   5,031.30                                   5,031.30                           0.00
   1,495.35                                   1,495.35                           0.00
       0.00                                  22,603.21                     -22,603.21
   7,000.00                                   7,000.00                           0.00
      49.95         87,862.79                    53.23       111,908.61         -3.29




CH. SUKHBIR SINGH PANWAR           R.S. DAHIYA           ANITA RAWAT
    VICE PRESIDENT              MANAGING DIRECTOR        A.G.M. (BKG)




Amount         Current Year                 Amount        PreviousYear
              As at 31.3.2008                            As at 31.3.2007
                                 177,582.66                                    -70,841.60



                                  40,426.32                                    -17,710.40
                                  24,255.79                                    -10,626.24
                                   5,000.00                                     -5,000.00
                                  71,482.16                                    -20,108.96
                                   2,500.00                                     -2,500.00
                                  15,000.00                                    -15,000.00
                                   3,041.00                                        104.00
                                       0.00                                          0.00
                                       0.00                                          0.00
  15,877.39                      161,705.27     15,877.39                      -70,841.60


 178,175.37         194,052.75                  90,863.67        106,741.06




CH. SUKHBIR SINGH PANWAR            R.S. DAHIYA              ANITA RAWAT
    VICE PRESIDENT               MANAGING DIRECTOR           A.G.M. (BKG)




Amount          Current Year                  Amount          PreviousYear
               As at 31.3.2008                               As at 31.3.2007



  306,551.79                                    188,582.99                   117,968.79
2,650,000.00      2,956,551.79                2,859,986.89     3,048,569.88 -209,986.89




Amount          Current Year                                  PreviousYear
               As at 31.3.2008                               As at 31.3.2007
1,223,500.00                                     1,227,500.00                       -4,000.00
  288,300.00                                       330,800.00                      -42,500.00
  150,318.00       1,662,118.00                    220,314.20      1,778,614.20    -69,996.20




CH. SUKHBIR SINGH PANWAR             R.S. DAHIYA                 ANITA RAWAT
    VICE PRESIDENT                MANAGING DIRECTOR              A.G.M. (BKG)




Amount           Current Year                     Amount          PreviousYear
                As at 31.3.2008                                  As at 31.3.2007


                                  1,170,227.60                                     533,639.62
                                    108,367.26                                       1,265.70
                                    793,926.65                                      97,873.97


2,759,452.66                        57,632.07    2,130,153.58                       -3,480.22




                                     1,676.60                                          126.58
                                   120,187.72                                       32,013.72
                                   119,213.10                                      -17,683.23


  300,898.66                        48,064.94      289,142.35                       -2,700.75




                                     9,320.98                                         -147.72
                                   383,848.83                                       45,328.39
   438,542.19                          191.71       393,361.52                           0.00
3,498,893.52                                     2,812,657.45
   231,587.95      3,267,305.57                     194,954.40    2,617,703.04
CH. SUKHBIR SINGH PANWAR           R.S. DAHIYA           ANITA RAWAT
    VICE PRESIDENT              MANAGING DIRECTOR        A.G.M. (BKG)




Amount         Current Year                 Amount        PreviousYear
              As at 31.3.2008                            As at 31.3.2007

   3,564.30                                   3,564.30                          0.00
   8,415.08         11,979.38                 7,728.85        11,293.15       686.23

                    17,103.33                                 10,125.52
                    29,082.71                                 21,418.67



Amount         Current Year                 Amount        PreviousYear
              As at 31.3.2008                            As at 31.3.2007

   5,957.25                                   5,955.06                          2.18
 245,078.85       251,036.10                204,242.21       210197.28     40,836.64




Amount         Current Year                 Amount        PreviousYear
              As at 31.3.2008                            As at 31.3.2007

 109,148.91                                 206,821.45                     -97,672.54

     694.29                                     684.60                           9.69
     266.54                                     266.54                           0.00
     153.87                                     153.87                           0.00
  24,379.32                                  35,839.69                     -11,460.38
   2,819.44                                   4,705.77                      -1,886.33
     903.86                                     594.66                         309.19
     136.85                                     136.85                           0.00
   5,080.14        143,583.21                 6,325.85       255,529.29     -1,245.71
CH. SUKHBIR SINGH PANWAR             R.S. DAHIYA             ANITA RAWAT
    VICE PRESIDENT                MANAGING DIRECTOR          A.G.M. (BKG)




                                           (Amount in Rupees)

 Amount          Current Year                 Amount          PreviousYear
                As at 31.3.2008                              As at 31.3.2007



                  50,000,000.00                               50,000,000.00




   21,550.00                                     21,550.00

17,266,850.00                                17,265,850.00

 8,002,500.00     25,290,900.00               8,002,500.00    25,289,900.00


                  25,290,900.00                             25,289,900.00
                                           (Amount in Rupees)

 Amount          Current Year                 Amount          PreviousYear
                As at 31.3.2008                              As at 31.3.2007




                  28,837,620.00                               25,657,710.00

                  28,837,620.00                               25,657,710.00
   CH. SUKHBIR SINGH PANWAR               R.S. DAHIYA               ANITA RAWAT
       VICE PRESIDENT                  MANAGING DIRECTOR            A.G.M. (BKG)




    Amount          Current Year                      Amount         PreviousYear
                   As at 31.3.2008                                  As at 31.3.2007


 282,482,544.06                                    259,766,626.06
 176,427,711.19                                    158,056,466.19
 113,200,000.00                                    113,200,000.00
  78,379,083.44                                     78,379,083.44
 269,781,789.43                                    218,408,588.13
     363,494.00                                        363,494.00
  16,212,700.00                                     16,212,700.00
       3,650.00                                          3,650.00
   1,003,081.24                                      1,003,081.24
  15,259,001.61                                     15,259,001.61
  50,000,000.00                                     50,000,000.00
   3,595,699.90                                      3,595,699.90
  80,000,000.00 1,086,708,754.87                    80,000,000.00 994,248,390.57



    Amount          Current Year                      Amount         PreviousYear
                   As at 31.3.2008                                  As at 31.3.2007



                                     ############
3,541,876,804.89                     ############ #############


                                     ############
2,438,197,316.05                     176,447,706.61 #############


                                415,596,014.73
                                 74,968,577.22
 600,517,138.76 6,580,591,259.70 80,002,084.69 570,566,676.64 ############
 CH. SUKHBIR SINGH PANWAR             R.S. DAHIYA               ANITA RAWAT
     VICE PRESIDENT                MANAGING DIRECTOR            A.G.M. (BKG)




  Amount          Current Year                 Amount            PreviousYear
                 As at 31.3.2008                                As at 31.3.2007

     14,850.00                                      18,237.00


156,538,200.00                               150,615,200.00


   191,712.31     156,744,762.31                191,712.31 150,825,149.31



  Amount          Current Year                 Amount            PreviousYear
                 As at 31.3.2008                                As at 31.3.2007
196,712,071.10                               180,238,814.60
  2,061,649.14    198,773,720.24               1,471,854.88 181,710,669.48



  Amount          Current Year                 Amount            PreviousYear
                 As at 31.3.2008                                As at 31.3.2007
 54,838,883.64                                60,100,032.26
  7,255,001.50                                 5,940,840.50
  4,573,807.48                                 3,568,178.48
  7,618,494.46                                 6,116,460.20
  5,031,303.56                                 5,031,303.56
  1,495,354.00                                 1,495,354.00
          0.00                                22,603,210.00
  7,000,000.00                                 7,000,000.00
     49,946.65     87,862,791.29                  53,232.05 111,908,611.05




 CH. SUKHBIR SINGH PANWAR             R.S. DAHIYA               ANITA RAWAT
     VICE PRESIDENT                  MANAGING DIRECTOR              A.G.M. (BKG)




  Amount          Current Year                       Amount          PreviousYear
                 As at 31.3.2008                                    As at 31.3.2007


                                   177,582,658.36



                                    40,426,317.00
                                    24,255,791.00
                                     5,000,000.00
                                    71,482,161.57
                                     2,500,000.00
                                    15,000,000.00
                                     3,041,000.00
                                             0.00
                                             0.00
 15,877,388.79                     161,705,269.57   15,877,388.79


178,175,365.61    194,052,754.40                    90,863,670.30 106,741,059.09




 CH. SUKHBIR SINGH PANWAR               R.S. DAHIYA                 ANITA RAWAT
     VICE PRESIDENT                  MANAGING DIRECTOR              A.G.M. (BKG)




  Amount          Current Year                       Amount          PreviousYear
                 As at 31.3.2008                                    As at 31.3.2007
  306,551,785.02                                       188,582,992.87
2,650,000,000.00 2,956,551,785.02                     ############# ############




    Amount          Current Year                                     PreviousYear
                   As at 31.3.2008                                  As at 31.3.2007

1,223,500,000.00                                      #############
  288,300,000.00                                       330,800,000.00
  150,318,000.00 1,662,118,000.00                      220,314,200.00 ############




   CH. SUKHBIR SINGH PANWAR               R.S. DAHIYA               ANITA RAWAT
       VICE PRESIDENT                  MANAGING DIRECTOR            A.G.M. (BKG)




    Amount          Current Year                         Amount      PreviousYear
                   As at 31.3.2008                                  As at 31.3.2007


                                     ############
                                     108,367,260.32
                                     793,926,649.12


2,759,452,664.46                      57,632,070.79 #############




                                       1,676,595.00
                                     120,187,720.35
                                     119,213,095.29
300,898,661.35                     48,064,936.51 289,142,347.15




                                 9,320,978.59
                               383,848,826.36
 438,542,190.08                    191,712.31 393,361,517.26
#############                                 ############
 231,587,947.41 ##############                194,954,404.18       ###########




  CH. SUKHBIR SINGH PANWAR             R.S. DAHIYA                ANITA RAWAT
      VICE PRESIDENT                MANAGING DIRECTOR             A.G.M. (BKG)




  Amount          Current Year                      Amount         PreviousYear
                 As at 31.3.2008                                  As at 31.3.2007

  3,564,300.00                                     3,564,300.00
  8,415,077.00     11,979,377.00                   7,728,850.00    11,293,150.00

                   17,103,333.87                                   10,125,517.88
                   29,082,710.87                                   21,418,667.88



  Amount          Current Year                      Amount         PreviousYear
                 As at 31.3.2008                                  As at 31.3.2007

  5,957,246.21                                      5955064.21
245,078,852.61   251,036,098.82                   204242212.42     210197276.63
  Amount          Current Year                 Amount         PreviousYear
                 As at 31.3.2008                             As at 31.3.2007

109,148,910.35                              206,821,454.43

    694,288.77                                  684,598.77
    266,540.39                                  266,540.39
    153,869.32                                  153,869.32
 24,379,317.00                               35,839,693.00
  2,819,438.78                                4,705,767.09
    903,855.67                                  594,661.67
    136,850.88                                  136,850.88
  5,080,140.98    143,583,212.14              6,325,853.92 255,529,289.47




 CH. SUKHBIR SINGH PANWAR             R.S. DAHIYA            ANITA RAWAT
     VICE PRESIDENT                MANAGING DIRECTOR         A.G.M. (BKG)
   0.00




   1.00


   1.00




3,179.91

3,179.91
 92,460.36




 36,699.34



121,216.57




 29,950.46
187,866.37
 5,919.61




17,063.05




-24,045.82
     0.00


87,311.70




-92,018.10
-116,496.20




629,299.08




 11,756.31




 45,180.67
686,236.07
 36,633.54
    686.23

  6,977.82
  7,664.04




 40,838.82




-111,946.08
                                    THE DELHI STATE COOPERATIVE BANK LIMITED
                             31, NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI - 110002
                        PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2008



                         INCOME                                           31.03.2008
 1 Interest and discount                                                   805,986.44
 2 Commission, exchange and brokerage                                        2,953.80
 3 Income from non banking assets and profit from
   sale or dealing with such assets                                              8.40
 4 Other receipts                                                           11,306.71
   TOTAL                                                                   820,255.35


                     EXPENDITURE                                          31.03.2008
 1 Interest on deposits, borrowings, etc.                                  344,170.67
 2 Salaries and allowances and provident fund                               94,392.31
 3 Directors fees & Travelling Expenses                                      1,608.53
 4 Rent, taxes, insurance, lighting, etc.                                    7,258.19
 5 Law & Consultation Charges                                                  311.78
 6 Postage, Telegrams&Telephone Charges                                      1,992.95
 7 Auditor's Remuneration
   a) Statutory Audit Fees                                       112.24
   b) Tax Audit Fees                                              17.40
   c) Internal Audit Fees                                        289.95        419.59
 8 Depreciation on and repairs in property
   a) Depreciation                                          3,588.70
   b) Repairs and Maintenance                               1,668.72         5,257.42
 9 Stationery, printing and advertisement, etc.                              3,051.94
10 Other expenditure (including loss of sales of fixed assets)              19,136.68
11 Premium written off on Govt. Securities                                  14,313.39
12 Provision on Standard Assets                                              1,502.03
13 Provision for NPA                                                        36,633.54
14 Net Profit before Tax                                                   290,206.32
   TOTAL                                                                   820,255.35
       Profit before Tax                                           290,206.32
       Less Income Tax paid                                        112,030.96
       Profit After Tax                                            178,175.37




As per our report of even date annexed
for Lalit Gupta & Associates
Chartered Accountants




(TARUN GOEL)                  (DR. BIJENDER SINGH)    (CH. SUKHBIR SINGH PANWAR)   (R.S. D
 PARTNER                         PRESIDENT                VICE PRESIDENT           MANAG



Place : New Delhi
Dated :
                                     THE DELHI STATE COOPERATIVE BANK LIMITED
                              31, NETAJI SUBHASH MARG, DARYAGANJ, NEW DELHI - 110002
                           PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2008


                           INCOME                                31.03.2008
   1 Interest and discount                                      ###########
   2 Commission, exchange and brokerage                          2,953,803.06
   3 Income from non banking assets and profit from
     sale or dealing with such assets                                8,400.00
   4 Other receipts                                             11,306,709.38
     TOTAL                                                      ###########

                         EXPENDITURE                             31.03.2008
   1   Interest on deposits, borrowings, etc.                   ###########
   2   Salaries and allowances and provident fund               94,392,310.78
   3   Directors fees & Travelling Expenses                      1,608,529.00
   4   Rent, taxes, insurance, lighting, etc.                    7,258,192.18
   5   Law & Consultation Charges                                  311,779.00
   6   Postage, Telegrams&Telephone Charges                      1,992,952.45
   7   Auditor's Remuneration
       a) Statutory Audit Fees                                112,240.00
       b) Tax Audit Fees                                       17,397.20
       c) Internal Audit Fees                                 289,951.80     419,589.00
   8   Depreciation on and repairs in property
       a) Depreciation                                      3,588,701.51
       b) Repairs and Maintenance                           1,668,721.90    5,257,423.41
   9   Stationery, printing and advertisement, etc.                         3,051,935.32
  10   Other expenditure (including loss of sales of fixed assets)         19,136,682.70
  11   Premium written off on Govt. Securities                             14,313,391.00
  12   Provision on Standard Assets                                         1,502,034.26
  13   Provision for NPA                                                   36,633,543.23
  14   Net Profit before Tax                                               ###########
       TOTAL                                                               ###########

       Profit before Tax                                                   ###########
       Less Income Tax paid                                                ###########
       Profit After Tax                                                    ###########




As per our report of even date annexed
for Lalit Gupta & Associates
Chartered Accountants



(TARUN GOEL)                  (DR. BIJENDER SINGH)        (CH. SUKHBIR SINGH PANWAR)       (R.S. D
  PARTNER                         PRESIDENT                     VICE PRESIDENT              MANAG


Place : New Delhi
Dated :
DELHI - 110002
D MARCH 31, 2008


                      (Rupees in 000s)
                          31.03.2007     Diff 2008 to 2007
                            677,077.53          128,908.90
                              2,573.78              380.03
                                                      0.00
                                  8.40                0.00
                             25,256.60          -13,949.89
                            704,916.31          115,339.04


                          31.03.2007
                            314,473.07           29,697.59
                            118,614.39          -24,222.08
                              1,451.65              156.88
                              7,067.80              190.39
                                423.31             -111.53
                              2,141.76             -148.81


                 112.24
                  17.40
                 288.75         418.38                1.21


            1,999.44
            1,275.93          3,275.36            1,982.06
                              1,428.55            1,623.39
                             17,616.78            1,519.90
                             14,467.05             -153.66
                              1,760.02             -257.99
                             60,000.00          -23,366.46
                            161,778.19          128,428.14
                            704,916.31          115,339.04
                            161,778.19      128,428.14
                             70,914.52       41,116.44
                             90,863.67       87,311.70




ANWAR)      (R.S. DAHIYA)          (ANITA RAWAT)
            MANAGING DIRECTOR            A.G.M.(BKG.)




DELHI - 110002
D MARCH 31, 2008

                   (Amount in Rupees)
                        31.03.2007
                       677,077,534.23
                         2,573,777.83

                             8,400.00
                        25,256,602.92
                       704,916,314.98

                        31.03.2007
                       314,473,074.95
                       118,614,386.79
                         1,451,647.75
                         7,067,799.92
                           423,310.00
                         2,141,760.39
         112,240.00
          17,397.20
         288,745.80      418,383.00

         #########
         #########      3,275,364.66
                        1,428,549.74
                       17,616,780.96
                       14,467,047.00
                        1,760,022.52
                       60,000,000.00
                      161,778,187.30
                      704,916,314.98

                      161,778,187.30
                       70,914,517.00
                       90,863,670.30




ANWAR)    (R.S. DAHIYA)     (ANITA RAWAT)
           MANAGING DIRECTOR    A.G.M.(BKG.)

				
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