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Audit
THE CUTTACK CREDIT COOPERATIVE LTD
Link Road, Arunodaya Market, Cuttack-12

     ::Schdules on Item of Assets & Liabilities and on Expenditures & Income Statement::
 
:::Schedule - 1:::
CAPITAL

Amount as on 31.03.10 Sl.No. Particulars Amount as on 31.03.11
       
95,84,700.00 1.1 Paid up Capital 1,02,90,100.00
       
95,84,700.00   Total 1,02,90,100.00
 
:::Schedule - 2:::
RESERVES

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
69,48,478.81 2.1 Reserve Fund 89,90,669.32
10,21,720.98 2.2 Building Fund 12,93,644.98
15,56,344.98 2.3 Baddebt Fund 20,63,661.98
14,00,054.00 2.4 Development Fund 17,94,632.00
2,31,910.49 2.5 Charitable Fund 2,70,236.49
10,96,359.20 2.6 Tech. Upgradation Fund 16,92,770.20
24,23,069.00 2.7 Deficit Cover Fund 31,90,684.00
1,99,884.00 2.8 Div. Equalisation Fund 2,35,808.00
3,29,711.00 2.9 Education Fund 3,88,408.00
1,52,07,532.46   Total 19,92,05,14.97
 
:::Schedule - 3:::
DEPOSITS (Fixed Deposits)

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
77041141 3.1 Fixed Deposits 8,96,00,313.00
363992 3.2 Recurring Deposits 5,50,592.00
11868141 3.3 Reinvestment Deposit 1,23,59,122.00
16277103 3.4 Mahalaxmi Deposit 1,92,72,503.00
17083 3.5 Subhalaxmi Deposit 16,587.00
10,55,67,460.00   Total 12,17,99,117.00
 
DEPOSITS (Saving Bank Deposits)

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
1,05,04,523.19 3.6 Savings Bank Deposit 1,35,13,866.46
       
 
DEPOSITS (Current Deposit)

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
86,678.46 3.7 Current Deposit 1,59,653.46
       
11,158,661.65   Total Deposit 13,54,72,636.92
 
:::Schedule - 4:::
BORROWINGS

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
67,74,254.00 4.1 Loan from OSCB, BBSR 5663700
0 4.2 Loan Against R.I.Depo. from OSCB,Link Road Branch 6790000
25,69,723.00 4.3 C.C. from OSCB, Link Road Branch 2422074
       
       
9,343,977.00   Total 1,48,75,774.00
 
:::Schedule - 5:::
OTHER LIABILITIES

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
4,90,642.00 5.1 Int. Payable on Deposit 6,28,052.00
63,37,973.00 5.2 Int. Payable on F.D. 74,66,746.00
14,000.00 5.3 Audit Fees Payable 8,000.00
46,405.00 5.4 Int. Payable on Borrowings 48,483.00
24,93,600.00 5.5 Prov. Against B/D assets 2671,165.00
4,79,932.00 5.6 Dividend Payable 2,87,753.00
3,67,870.00 5.7 Dividend Payable 2007-08 3,39,663.00
4,93,238.00 5.8 Dividend Payable 2008-09 4,30,628.00
0 5.9 Dividend Payable 2009-10 5,70,739.00
66,682.00 5.10 Bonus to staff payable 88,678.00
6,58,023.00 5.11 Prov. Against Standard assets 9,81,701.00
23,458.00 5.12 T.D.S. Payable on Patronage Benefit 23,075.00
6,54,031.24 5.13 Security Deposit 7,55,784.24
3,400.00 5.14 TDS Payble on House Rent 1,869.00
6,150.00 5.15 Security Deposit of PowerCraft 6,750.00
0 5.16 Suspense 21,864.00
0 5.17 Advertisement Payable 17,000.00
12,135,404.24   Total 1,43,47,950.24
 
:::Schedule - 6:::
CASH & BANK BALANCE

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
6,58,370.67 6.1 Cash in Hand 11,55,422.72
211168.08 6.2 C/A with Vysya Bank, Cuttack 11,69,057.08
20428.29 6.3 C/A with SBI Cuttack Main Branch 13,598.29
12691.12 6.4 C/A with Vysya Bank Bhubaneswar 13,411.54
266732.63 6.5 C/A with Axis Bank, Cuttack 1,04,491.14
2779739.59 6.6 C/A with OSCB Link Road Br., Cuttack 28,753.59
149177 6.7 C/A with IDBI, BBSR 58,421.00
62455.5 6.8 C.A with Indian Bank 4,69,190.43
51319.60 6.9 C/A with Indusind Bank, Cuttack 48,041.60
0.00 6.10 C/A with IDBI, Cuttack 8,57,554.00
0.00 6.11 C/A with Bank of India, Cuttack 9,925.00
42,12,082.48   Total 39,27,866.39
 
:::Schedule - 7:::
SB DEPOSIT WITH BANKS

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
7,410.55 7.1 S.B.D. with OSCB Main Branch 13,861.55
5,497.93 7.2 S.B.D. with OSCB Cuttack Branch 3,135.93
15,882.00 7.3 S.B.D. with CCCB Sadar Branch 5,278.00
12,021.40 7.4 S.B.D. with Vysya Bank, Cuttack 11,138.02
1,856.00 7.5 S.B.D. with CGB Fulnakhara 2,153.00
1,138.00 7.6 S.B.D. with CGB Bentkar 1,373.00
10,944.94 7.7 S/B with Indusind Bank, Cuttack 13,005.13
10,000.00 7.8 SB-18 OSCB, Ashok Nagar,BBSR 42,744.00
64,750.82   Total 92,688.63
 
TERM DEPOSIT WITH BANKS, COOPERATIVE & POST OFFICE

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
1,00,000.00 7.9 Indradhanu Dep. with CCCB 1,00,000.00
16,00,000.00 7.10 RID with OSCB Link Road Branch 1,66,50,000.00
6,00,000.00 7.11 F.D. with Urban Co-op. Bank RKL. 0.00
2,65,00,000.00 7.12 R.I. Depo. With OSCB, Cuttack Branch 6,35,58,222.00
2,00,00,000.00 7.13 RI With Angul UCCB Ltd. 0.00
40,00,000.00 7.14 RI With UCB, Link Road 40,00,000.00
75,00,000.00 7.15 RI With Kendrapara UCB 1,52,65,675.00
90,00,000.00 7.16 RI With Sundargarh D.C.C.B 90,00,000.00
0.00 7.17 National Saving Certificate with Link Road P.O. 5,000.00
69,300,000.00   Total 10,85,78,897.00
69,364,750.82   Total SB & Term Deposits 108,671,585.63
:::Schedule - 8:::
INVESTMENTS

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
100.00 8.1 Share with CCB, Cuttack 100.00
5,63,000.00 8.2 Share with OSCB 2,93,000.00
10,000.00 8.3 Share with IFFCO 10,000.00
       
5,73,100.00   Total 303,100.00
:::Schedule - 9:::
LOANS & ADVANCES

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
10,98,912.00 9.1 Cash Credit Loan 1394361
5,40,36,726.00 9.2 Transport Loan 38400716
1,57,11,610.00 9.3 Business Loan 14440629
4,37,798.00 9.4 Consumer Dur. Loan 285173
34,24,084.00 9.5 House Building Loan 3934683
11,37,518.00 9.6 Loan against NSC/KVP 1267648
12,85,900.00 9.7 Loan against MLD 979849
14,29,045.00 9.8 Loan against F.D. 1657600
22,162.00 9.9 Business Loan K  
36,19,765.00 9.10 Overdraft (Secured) 3714397
2,89,214.00 9.11 Education Loan 199678
5,62,129.00 9.12 Property Loan 9761743
10,36,736.00 9.13 Personal Loan 2671249
18,74,427.00 9.14 Consumption Loan 1872948
5,00,000.00 9.15 House Reparing Loan 355315
0.00 9.16 Loan against RD 16437
0.00 9.17 Gold Loan 67781
8,64,66,026.00   Total 8,10,20,207.00
:::Schedule - 10:::
FIXED ASSETS

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
709404 10.1 Dead stock & Furniture 690215
55872.27 10.2 Fixture & Fittings 70478.27
674221 10.3 Land & Building 623799
503967 10.4 Vehicle 428372
1943464.27   Total 18,12,864.27
:::Schedule - 11:::
OTHER ASSETS

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
3,16,790.00 11.1 Int. Receivable on Loan 2,49,568.00
4565137.00 11.2 Int. Receivable on Investiment 40,27,163.00
70854.29 11.3 Stock & Stationary 82,426.00
0.00 11.4 Interest free Advance 11,384.00
50,000.00 11.5 Misc. Advance to Vida Technology 0.00
4,000.00 11.6 Security Deposit with BSNL 4,300.00
20,800.00 11.7 Security Deposit with OSCU 20,800.00
51,939.00 11.8 Security Deposit With the house owner of S.B E.C 36,939.00
25,000.00 11.9 Security Deposit with G.A.Dept. for Unit-1/2 houseBusiness Loan K 25,000.00
19,440.00 11.10 Security Deposit with CESCO 19,440.00
1,136.00 11.11 TDS Receivable on Reliance Insurance 1,136.00
212.00 11.12 Library 0.00
1.00 11.13 Postage in Hand 1.00
1,651.00 11.14 Security Dep.CESCO Unit-I 1,651.00
0.00 11.15 Vat Receivable 549.00
0.00 11.16 Stock in Gold Coin 89,917.00
0.00 11.17 Stock In Silver Coin 1,311.00
5126960.29   Total 45,71,585.00
:::Schedule - 12:::
INTEREST EARNED

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
11343997.00 12.1 Int. from Loans & Adv. 1,03,42,497.00
7171073.06 12.2 Int. from Investments 85,33,196.95
       
1,85,15,070.06   Total 18,875,693.95
:::Schedule - 13:::
OTHER INCOME

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
53,441.00 13.1 Dividend Received 40,510.00
2,18,813.85 13.2 Exchange Com. Received 2,76,902.00
23,350.00 13.3 Saleable Forms 8,560.00
89,873.00 13.4 Misc. Income 1,67,627.30
8,400.00 13.5 Entrance Fees from Members 6,800.00
1,500.00 13.6 Saleable Articles 1,300.00
1,05,788.00 13.7 Reimbursement of Field Mkt.Expenses 1,45,884.00
0.00 13.8 Reim.of others 5,231.00
1,02,400.00 13.9 Inspection Charge 26,000.00
       
6,03,565.85   Total 678814.30
:::Schedule - 14:::
INTEREST EXPENDED

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
79,04,427.00 14.1 Interest paid on Deposits 84,57,519.00
10,87,164.00 14.2 Int. paid on Borrowings 5,59,827.00
7,72,519.73 14.3 Int. paid as Patronage Benefits 9,00,583.00
9,43,682.00 14.4 Int. paid on Reserve Fund 13,13,858.00
       
1,07,07,792.73   Total 1,12,31,787.00
:::Schedule - 15:::
OPERATING EXPENSES

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
7,50,783.00 15.1 Salary 9,28,770.00
93,400.00 15.2 Wages 93,483.00
46,885.29 15.3 Insurance 43,701.00
2,69,450.00 15.4 House Rent 2,75,209.00
46,912.50 15.5 Electric Charges 69,472.00
1,000.00 15.6 Legal Expenses 6,200.00
83,126.00 15.7 Postage & Telegram 1,01,937.00
53,248.00 15.8 Telephone Charges 64,547.00
28,800.00 15.9 Audit Fees(2010-11) 8,000.00
29,510.00 15.10 Repair & Maintenance 10,981.00
2,17,767.00 15.11 Depreciation 2,98,116.00
86,963.65 15.12 Advertisement 6,02,500.00
1,03,926.56 15.13 Printing & Stationary 56,344.44
15,006.32 15.14 Conveyance Charges(2 wheeler) 18,898.89
18,086.72 15.15 Conveyance Charges(4 wheeler) 22,219.05
10,357.00 15.16 Contingencies 21,938.00
10,357.00 15.17 Entertainment 49,831.00
4,174.00 15.18 Hire Charges 7,767.00
648.82 15.19 Exch. Com. Paid 3,147.21
23,284.00 15.20 AGB Meeting Exp. 23,646.00
3,059.00 15.21 Newspaper & Periodical 4,319.00
1,27,817.00 15.22 Foundation day Expn. 62,947.00
200.00 15.23 Membership Contribution 6,700.00
2,326.00 15.24 Coop. Week Celeb. 0.00
6,016.00 15.25 Customer Meeting 27,200.00
0.00 15.26 Entrance Fee/Admission Fee paid 0.00
41,250.00 15.27 Sitting Fees 36,250.00
12,021.00 15.28 Fringe Benefit Tax 0.00
10,000.00 15.29 Deposit Mob. Inc. 9,000.00
1,705.00 15.30 T.A.to staff 0.00
0.00 15.31 Training Expenses 0.00
1,09,150.60 15.32 Branch Expenditure 40,319.00
42,523.50 15.33 Misc. Expenses 35,053.50
0.00 15.34 Donation & Subscription 0.00
48,000.00 15.35 Travelling Expenses 35,000.00
      0.00
23,36,808.67   Total 24,21,246.09
:::Schedule -16:::
PROVISION FOR B/D ASSETS

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
4,73,978.00 16.1 Provision against b/d assets 1,77,565.00
3,43,948.00 16.2 Provision against standard assets 3,23,678.00
       
8,17,926.00   Total 5,01,243.00
 
:::Schedule -17:::
PROFIT

Amount as on 31.03.10 Sl. No. Particulars Amount as on 31.03.11
       
5256108.51 17.1 Profit 54,00,232.16
       
52,56,108.51   Total 54,00,232.16
 
Place : Cuttack
Date : 14.05.2011
 
 
 
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