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Budget

THE CUTTACK CREDIT COOPERATIVE LTD

     ::BUDGET FOR THE FINANCIAL YEAR 2011-2012::
PROJECTED BALANCE SHEET FOR THE YEAR 2011-2012
  Annexure-I
Caplital & Liabilities Rs. in Lakh.
Sl.No. Head of Account Actual for the year 2009-2010 Projection for the year 2010-11 Actual for the year 2010-11 Projection for the year 2011-12
1 Paid up Share Capital 95.85 115.00 102.90 110.00
2 Reserve & Other Fund 152.08 190.00 199.21 250.00
3 Deposits 1161.59 1320.00 1354.73 1590.00
4 Borrowings 93.43 200.00 148.76 200.00
5 Branch Adjustment
5.1.FulnakharaExt.Counter 76.25 80.00 118.27 150.00
5.2 Sriram B. Ext.Counter 22.03 50.00 34.56 52.00
5.3.Janapath Ext. Counter 37.27 60.00 107.78 150.00
5.4 Sub-way Ext. Counter NIL 20.00 -7.35 20.00
6 Interest Payable 68.29 75.00 80.95 99.00
7 Other Liabilities 53.06 60.00 62.52 65.00
8 Net Profit
8.1 2009-10 52.56      
8.2 2010-11   55.00 54.00  
8.2 2010-11       58.00
  Total 1812.41 2225.00 2256.33 2686.00
 

Properties and Assets Rs. in Lakh.
Sl.No. Head of Account Actual for the year 2009-2010 Projection for the year 2010-11 Actual for the year 2010-11 Projection for the year 2011-12
1 Cash in hand 6.58 8.00 11.55 9.18
2 Balance with Other Banks 729.19 947.00 1114.45 1248.00
3 Investments (share with other Institutions) 5.73 10.00 3.03 4.00
4 Loans & Advances 864.66 985.00 810.20 921.00
5 Interest Receivable
5.1 Interest Receivable on loan 3.17 3.02 2.50 3.00
5.2 Interest Receivable on Investment 45.65 40.00 40.27 71.00
6 Branch Adjustment 135.55 210.00 253.26 372.00
7 Furnitures & Fixtures
7.1. Dead Stock & Furnitures 7.09 5.00 6.90 5.00
7.2. Fixtures & Fittings 0.56 0.6 0.71 0.7
7.3 Land & Building 6.74 10.00 6.24 45.00
7.4 Vehicle 5.03 4.28 4.28 3.86
8 Other Assets
8.1 Stock in Stationary 0.71 0.7 0.82 0.8
8.2 Interest free Advance 0.5 Nil 0.11 Nil
8.3 Security Deposit with BSNL 0.04 0.04 0.04 0.04
8.4 Security deposit with OSCU 0.2 0.3 0.21 0.21
8.5 Security deposit with G.A.Dept. for Unit –I/II house 0.25 0.25 0.25 0.25
8.6 Security with the house owner of Sriram Bazar E.C 0.52 0.37 0.37 0.22
8.7 Security deposit with CESU for Main Branch 0.19 0.19 0.19 0.19
8.8 Library 0.01 0.03 Nil 0.01
8.9 TDS receivable on Reliance Insurance 0.01 0.01 0.01 0.01
8.10 Postage in hand 0.01 0.01 0.01 0.01
8.11 Security deposit with CESU for Unit-I/II 0.02 0.02 0.02 0.02
8.12 Stock in Gold coin Nil Nil 0.9 1.00
8.13 Stock in Silver coin Nil Nil 0.01 0.5
  Total 1812.41 2225.00 2256.33 2686.00
 
PROJECTED PROFIT & LOSS A/C FOR THE YEAR 2011-2012
Expenditure Rs. in Lakh.
Sl.No. Head of Account Actual for the year 2009-2010 Projection for the year 2010-11 Actual for the year 2010-11 Projection for the year 2011-12
1 Int. Paid on Deposit & Borrowings
1.1 Int. paid on Deposit 79.04 90.00 84.58 95.00
1.2 Int. paid as patronage benefit to daily coll. moti 7.72 9.00 9.01 10.00
1.3 Int. paid on Borrowing 10.87 10.00 5.60 8.00
1.4 Int. paid on Reserve Fund 9.44 12.00 13.14 20.00
2 Salary & Allowance 8.44 12.00 10.22 12.00
3 TA to President & Directors Nil 1.50 Nil 1.50
4 Rent, Taxes, Insurance & Lighting
4.1 Insurance 0.5 0.5 0.44 0.50
4.2 House rent 2.69 2.70 2.75 3.10
4.2 House rent 0.47 0.50 0.69 0.60
5 Law Charges 0.01 0.02 0.06 0.10
6 Postage, Telegram & Telephone Charges 1.36 1.60 1.66 2.00
7 Audit Fees 0.29 0.15 0.08 0.15
8 Depreciation & Repair to Properties  
8.1 Repairing & Maintenance 0.32 0.30 0.11 0.15
8.2 Depreciation 2.18 2.09 2.98 2.67
9 Stationary, Printing & Advertisement
9.1 Advertisement 0.87 1.00 0.60 1.00
9.2 Printing & Stationary 1.04 1.20 0.56 1.20
10 Other Expenditures
10.1 Conveyance Charges(4 wheeler) 0.18 0.36 0.22 0.30
10.2 Conveyance Charges(2 wheeler) 0.15 0.20 0.19 0.20
10.3 Contingencies 0.10 0.20 0.22 0.20
10.4 Entertainment 0.49 1.00 0.50 1.00
10.5 Hire Charges 0.04 0.15 0.08 0.15
10.6 Exchange Commission Paid 0.01 0.01 0.03 0.01
10.7 Branch Expenditure 1.09 1.00 0.40 0.50
10.8 A.G.B Meeting expenses 0.23 0.30 0.24 0.30
10.9 News Paper & periodical 0.03 0.04 0.04 0.04
10.10 Foundation Day Expenses 1.28 2.00 0.63 2.00
10.11 CoopWeek Celebration 0.02 0.20 Nil 0.20
10.12 Deposit mobilisation Incentive 0.1 0.10 0.09 0.10
10.13 Sitting fees to members of the committee 0.41 0.45 0.36 0.45
10.14 Customer meeting 0.06 0.20 0.27 0.30
10.15 Provisions 8.18 8.00 5.01 5.00
10.16 Training Expenses Nil 1.00 Nil 1.00
10.17 Honorarium to President Nil 0.60 Nil 0.60
10.18 Processing Fee Nil 0.05 Nil 0.05
10.19 Fringe Benefit Tax 0.12 Nil Nil Nil
10.20 Misc. Expenditure 0.43 0.50 0.35 0.50
10.21Business Promotion Expenses Nil 0.30 Nil 0.50
10.22 Membership Contribution 0.01 0.01 0.07 0.01
10.23Donation&Subscrption Nil 0.20 Nil 0.20
10.24 Travelling Expenses 0.48 0.50 0.35 0.60
11 Balance of Profit 52.56 55.00 54.02 58.00
  Total 192.18 216.93 195.55 230.18
 

Income Rs. in Lakh.
Sl.No. Head of Account Actual for the year 2009-2010 Projection for the year 2010-11 Actual for the year 2010-11 Projection for the year 2011-12
1 Interest & Discount        
1.1. Interest from Loans & Advances 113.44 124.51 103.42 117.00
1.2. Interest from Investment 71.71 86.00 85.33 105.00
1.3. Dividend received 0.53 0.40 0.40 0.40
2 Commission, Exchange & Brokerage 2.19 2.50 2.77 3.70
3 Saleable Forms 0.23 0.20 0.09 0.10
4 Saleable Articles 0.02 0.02 0.02 0.02
5 Entrance Fee from members 0.08 0.10 0.07 0.10
6 Misc. Income 0.90 1.00 1.68 1.70
7 Reimbursement of field Mkt. Expenses 1.06 1.20 1.51 1.50
8 Inspection charge 1.03 1.00 0.26 0.66
  Total 191.19 216.93 195.55 230.18
 
SUPPLEMENTARY BUDGET FOR THE YEAR 2010-2011

Sl.No. Head of Account Provision as per Annual Budget for the year 2010-11 Actual Expenditure for the year 2010-11 Excess Expenditure provided in the Supplementary Budget for the year 2010-11
1 Int.paid as patronage benefit to daily coll. motivators 9.00 9.01 0.01
2 Int paid on Reserve Fund 12.00 13.14 1.14
3 House Rent 2.70 2.75 0.05
4 Electric charges 0.50 0.69 0.19
5 Legal Expenses 0.02 0.06 0.04
6 Postage,Telegram & Telephone charges 1.60 1.66 0.06
7 Depreciation 2.09 2.98 0.89
8 Contingencies 0.20 0.22 0.02
9 Exchange Comm. Paid 0.01 0.03 0.02
10 Customer meeting 0.20 0.27 0.07
11 Membership contribution 0.01 0.07 0.06
  Total 28.33 30.88 2.55
 
 
 
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