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APSFC ANNUAL REPORT
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158th Annual Report 2013 - 2014
K. Narasimha MurthyCost & Management Consultant
M. B. N. RaoFormer CMD,
Indian Bank & Canara Bank
K. Harish Chandra PrasadIndustrialist
V. SridharGeneral Manager, SIDBI, Mumbai
Satish Madhusudan KarambelkarGeneral Manager, SIDBI, Hyderabad
J.S.V. Prasad, IASManaging Director
T.S. Appa Rao, IAS (Retd.)Chairman
Corporate Governance
MD AzeezuddinSr. Divisional Manager, LIC of India
Koteswara Rao SSRChartered Accountant
Andhra Pradesh State Financial Corporation
2 58th Annual Report 2013 - 2014
Ass
ista
nt
Gen
era
l M
an
ag
ers
T. Swarnalatha SK. Ghouse Basha R. Prabhakar Goud Ts. Sudhakar
T.S.N. Raja K. S. Rao Ch. Anil Kumar
D. Suresam K. Hari Babu R. Satrughna Sarma P Ramakrishna Reddy
P. S. Satyanarayana A. Nagaiah G. Venkateswara Rao M. Chandra Prakash
P. Seshadri Shekhar V.P. Arun Mohzi M. Ramalingam P.S.S. Sekharudu
K.M.K. Prasad Y.N. Rajendra Kumar I. Ramachandra Rao Rathod Ramsingh
K. Rambabu G. Kishore Babu N. Prasada Rao
Dr. PS Rajeswara Prasad E. Chengalrayulu
Dep
uty
Gen
era
l M
an
ag
ers
Gen
era
l M
an
ag
ers
Executive Director Chief General Manager
358th Annual Report 2013 - 2014
Contents
Chairman’s Statement ............................................................................. 5
From Managing Director’s Desk .............................................................. 9
Notice to Shareholders ............................................................................ 11
Directors’ Report ..................................................................................... 13
Annual Accounts and Financial Statements
Auditors’ Report .............................................................................. 31
Balance Sheet ................................................................................. 33
Profit&LossAccount ....................................................................... 34
Schedules ....................................................................................... 36
Cash Flow Statement ....................................................................... 55
Business, Sources and Uses of Funds ................................................ 56
Details of Bonds Maturity ......................................................................... 59
Tables on Corporate Performance ............................................................ 63
558th Annual Report 2013 - 2014
Chairman’s Statement
Dear Shareholders,
APSFC’s performance during the Financial Year
2013-14 demonstrated its ability to respond to the
challenges posed by slowdown in the economy
and its impact on the industry. As Chairman of the
Corporation, I am privileged to report yet another
satisfactory performance of the Corporation in spite
of the Administrative uncertainties prevailing before
and after the decision to Re-organise the State. The
Corporation continued to maintain its lead position
in the Key Result Areas of Sanctions, Disbursements
and Recoveries among all SFCs in the Country for the
13th year in succession.
Economy
The economic slowdown bottomed out last year. A
spell of global financial turbulence caused capital
outflows and pressure on the exchange rate, but
strong policy measures stabilized the currency, rebuilt
reserves,andnarrowedtheexcessivecurrentaccount
deficit.
Weaknesses remain, however, and include persistent
inflation,fiscalimbalances,bottleneckstoinvestment
andinefficienciesthatrequirestructuralreforms.
The government’s initial estimates peg the growth
in GDP at 4.9% in Fiscal Year 2013. The marginal
pickup in headline GDP growth masks underlying
weakness in the economy as it was due to stronger
agriculture. The economic downturn of recent years
appears to have calmed, and with new stable
Government at Centre and the policy initiatives
taken by the Government, GDP growth in FY2014 is
expectedtogoupwardby5.4%to5.9%onimproved
Andhra Pradesh State Financial Corporation
6 58th Annual Report 2013 - 2014
performance in industry and services. However, there
is the threatofescalationofconflict in Iraqwith its
likely impact on fuel prices and inflation. Another
major concern is the monsoon. As we all know that
Economies operate in cycles, let us hope that the
Economy would surge ahead overcoming these and
other hurdles.
The year just concluded saw the State bifurcated into
two. Industrial and Business activity was affected due
to prolonged political uncertainty and unrest. The
performance of the banking sector was adversely
affectedandyourCorporationisnoexceptiontoit.
The re-organisation process is continuing during the
currentfinancialyearalsoandmayhaveimpacton
the performance of the Corporation.
Performance
During the Financial Year 2013-14, the Corporation
sanctioned Rs.1315.34 crore and disbursed
Rs.882.76 crore as against Rs.1430.12 crore and
Rs.951.41 crore respectively during the previous
financial year 2012-13. The lower performance is
due to uncertainties prevailed in the state on account
of Re-organisation and APSFC concentrated on
consolidation and was selective in lending to projects.
The Corporation achieved all time high recoveries
of Rs.1076.44 crore in FY 2013-14 compared to
Rs.988.99 crore achieved during the previous year.
During the Current Financial year 2013-14, the
CorporationearnedanoperatingprofitofRs.93.58
crore against Rs.98.10 crore earned in the previous
year. The Corporation has earned a net profit of
Rs.40.14 crore during current year, after making
necessaryprovisions towards taxation,provision for
NPAs etc.
TheCapitalAdequacyRatio[CAR]stoodat13.26%,
average cost of borrowings stood at 9.77% as at
31.03.2014. The net NPAs have gone upto Rs.135.14
crore as on 31.03.2014 from Rs.88.99 crore as on
31.03.2013. The Corporation is determined to
bring down the NPAs during 2014-15 by improving
recoveries.
The Corporation has initiated the process of Re-
organising the Corporation consequent upon
bifurcation of the state.
Management
The Board of Directors with diverse and rich
experience have laid down clear cut policies and
guidelines and guided the Management for proper
and effective implementation.
The Managing Director, Sri T.Satyanarayana Rao,
IAS., has steered the Corporation successfully during
the period of uncertainty.
I takethisopportunity toextendmygratitudetomy
colleagues on the Board for their excellent support
and look forward for their valuable support in the
years to come.
Employees
I am proud to commend the extraordinary efforts
of the Senior Officers and employees of the
Corporation for delivering the Organisational goals.
758th Annual Report 2013 - 2014
Their commitment, professionalism and team work
in serving the customers has lent an identity to the
Corporation.
Outlook
In the backdrop of bifurcation of State into Two
States,theongoingandcomingyearsareexpectedto
open up lot of opportunities for both Telangana and
Andhra Pradesh States. The Central Government’s
announcement of special package to the residuary
StateofAndhraPradeshisexpectedtospurindustrial
activity in that State. The Corporation has strong
presence in Telangana State and will continue to
retain the same.
We will continue to strive hard for achieving the
organisational goals by implementing customer
centric schemes, concentrating thrust areas in MSME
sector, identifying emerging sectors and meeting
customerrequirements.
Acknowledgement
I am grateful for the support of the Government of
Andhra Pradesh and Small Industries Development
Bank of India. I convey my gratitude to the Union
Government, Reserve Bank of India and Commercial
Banks for their continued support and guidance.
I express my gratitude to the Shareholders of the
Corporation for the trust reposed on the Corporation.
I am thankful to our esteemed customers for their
continued patronage and support.
I would like to propose a special thanks to the
previous Managing Director, Sri T.Satyanarayana
Rao, IAS., for his focused efforts for achieving the
organisational goals and the teamofOfficers and
staff of the Corporation.
T.S. APPA RAO CHAIRMAN
958th Annual Report 2013 - 2014
From Managing Director’s Desk
During the FY 2014 despite the adverse market
conditions prevailing in the economy in general
and Andhra Pradesh in particular, the Corporation
recorded a decent performance in key result areas of
sanction, disbursement and recoveries.
The performance during the period under report are as under:
t The loan portfolio registered a year on year
growth of 6.50%.
t The Corporation Sanctioned Rs.1315.34 crore
against Rs.1430.12 crore in the previous year.
t The disbursements clocked at Rs.882.76 crore
as against Rs.951.41 crore in in the previous
year.
t The principal collections stood at Rs.668.14
crore against the previous year collections of
Rs.619.31 crore.
t The interest income increased to Rs.408.30
crore from Rs.369.68 crore during the previous
year. The operating profit stood at Rs.93.58
crore against Rs.98.10 crore. The net profit
stood at Rs.40.14 crore against Rs.63.35
crore in the previous year.
The Corporation managed its funds position
successfully during the current financial year even
thoughSIDBIreduceditsrefinancesupportbylimiting
the refinance amount to Rs.184.30 crore during
the FY 2014, being 50% of the refinance amount
repaid by the Corporation. The Corporation raised
Andhra Pradesh State Financial Corporation
10 58th Annual Report 2013 - 2014
Non-SLR Bonds amounting to Rs.208.00 crore at a
competitive coupon rates. In order to meet the gap,
the Corporation raised funds from commercial banks
toanextentofRs.418.00crore.
The loan portfolio registered growth in absolute
terms to Rs.2926.77 crore as on 31.03.2014 from
Rs.2748.19 crore as on 31.03.2013. The net NPAs
increased to 4.83% as on 31.03.2014 against 3.34%
in the previous year due to increased assets in sub-
standard category. Action plan is being drawn to
contain NPAs.
The Corporation’s net worth improved to Rs.445.11
crore as on 31.03.2014 from Rs.433.39 crore as on
31.03.2013 registering a growth of 2.70%. While
the increased provisioning requirements, have led
tomarginaldipinCapitalAdequacyRatio(CAR),the
CARnowstandsat13.26%asagainst requirement
of 9% CAR.
The performance in key result areas of sanctions,
disbursements and recoveries during Financial Year
2014 has enabled the Corporation to retain the
Number One position among all SFCs in the country
for the thirteenth year in a row.
The Corporation is examining the challenges and
opportunities in the wake of bifurcation of the State.
To bring comprehensive reforms and make the
Corporation vibrant to face the emerging challenges
and perform well we have hired the services of Indian
Institute of Management (Bengaluru) to assess the
current situation and suggest the way forward. The
Corporation is in the process of reorganisation for
creating a separate State Corporation for the State
of Telangana with approval of Government of India
in terms of the Andhra Pradesh State Reorganisation
Act, 2014. I am sure that the Corporations will work
hard towards achieving the set goals in the coming
years.
J.S.V. PRASAD MANAGING DIRECTOR
1158th Annual Report 2013 - 2014
NOTICE TO SHARE HOLDERS
Itisherebynotifiedthatthe58thAnnualGeneralMeetingoftheShareholdersofANDHRAPRADESHSTATE
FINANCIAL CORPORATION will be held at 11.00 a.m., on Saturday the 26th July, 2014, at the Head
OfficeoftheCorporation,5-9-194,ChiragAliLane,Hyderabad-500001,AndhraPradesh,totransactthe
following business:
1) To receive, consider and adopt the Balance Sheet as at 31st March, 2014 and the
Profit and Loss Account for the year ended 31st March, 2014, together with the
Report of the Board of Directors and the Report of the Auditors.
2) To declare dividend on equity shares.
For and on behalf of the Board
Sd/-
MANAGING DIRECTOR
Place: Hyderabad
Date: 02.07.2014.
N.B.:
1. The Share Transfer Book and Register of members of the Corporation will be closed from Thursday, July 10,
2014toSaturday,July26,2014(bothdaysinclusive).ShareholdersarerequestedtointimatetheCorporation
the change of address, if any, immediately.
2.TheBoardofDirectorshaverecommendedadividendof2%(Rs.2perequityshare)onpaidupequityshare
capitalforthefinancialyear2013-14.
3.AmemberentitledtoattendandvoteattheMeetingisentitledtoappointaproxytoattendandvoteinstead
ofhimself/herself,butaproxysoappointedshallnothaveanyrighttospeakatthemeeting.Theproxyform,
dulystampedandexecuted,mustreachtheChiefGeneralManager(F&A),HeadOfficeoftheCorporationnot
lessthantwocleardaysbeforethedatefixedfortheMeeting.
4.ThelistofshareholdersisavailableattheHeadOfficeoftheCorporationforpurchaseatRs.50/-percopy.
1358th Annual Report 2013 - 2014
Dear Shareholders,
Your Directors have great pleasure in presenting
the 58th Annual Report of the Corporation
together with the Audited Accounts for the year
ended 31st March, 2014.
I. ECONOMIC SCENARIO
1. GLOBAL ECONOMY
Growth in advanced economies is projected
to strengthen moderately during 2014–15,
building up momentum from the gains in 2013.
World Bank in its latest report (April, 2014)
lowered its forecast for developing countries,
now eying growth at 4.8 percent this year, down
from its January estimate of 5.3 per cent. Signs
point to strengthening in 2015 and 2016 to 5.4
and 5.5 per cent, respectively.
Monetary conditions have remained broadly
supportive in advanced economies, but more
so in the United States than in the euro area
or Japan. Policy rates remain close to the zero
lower bound, but they are expected to raise
beginningin2015.Credittothenon-financial
private sector in the euro area has continued to
decline, reflecting tight lending standards and
weak demand.
2. INDIAN ECONOMY
The Indian Economy underwent a challenging
phase during the financial year 2013-14
entangled by subdued domestic growth and
inflationary pressures. Thus, the economic
landscape created certain uncertainties and risks
in the investment arena. While the Government
DIRECTORS’ REPORT
In emerging and developing
Asia,growthisexpectedtorise
to 5.7 percent in 2015, helped
by stronger external demand
and weaker currencies. Among
emerging market economies,
growth is projected to remain
robust in emerging and
developing Asia and to recover
somewhat in Latin America and
the Caribbean.TYCHE Die Castings, Ranga Reddy District
Andhra Pradesh State Financial Corporation
14 58th Annual Report 2013 - 2014
of India and Reserve Bank of India, in the wake
of difficult macro economic situation, initiated
several corrective steps to propel the economic
growth, the desired results could not be achieved.
The industrial sector was impacted due to supply
constraints, weak demand scenario besides high
cost of credit. Even though, the manufacturing
sector was under-performing since financial
year 2011-12, it recorded an average negative
growth rate so far. During this year, the service
sector also recorded a lowest growth rate of the
last decade.
Consequent to the subdued industrial activity
and weak performance of Corporate Sector
credit growth was impacted. Further, prolonged
slowdownstronglyaffectedtheassetqualityof
the Financial Institutions/Banks which lead to
significantincreaseinrestructuringofassets.
and have become highly vulnerable to the
business cycles. SMEs being the most important
segment of economy accounting for 45% of
manufacturingoutput,40%ofexportsandaround
15% of GDP, their underperformance affected
the Credit Portfolio of the Financial Institutions/
Banks and your Corporation is no exception.
Theloandelinquencieshavebeenconsiderably
higher as compared to the previous year.
There are positive signs in the direction of
improvement in domestic business climate
and confidence after General Elections. The
conducive macros may lift the capital productivity
which in turn will take GDP growth to 6-6.5%
levels as per the estimates by CRISIL but for
the ELNINOphenomenon. It is expected that
credit quality pressures have bottomed out
and improvement will now be gradual due to
recovery of economy.
As per the CRISIL Ratings
round up report, downgrades
continued to outnumber the
upgrades during 2013-14
reflecting unrelenting pressure
on credit quality of Corporate
India. The present sluggish
business environment coupled
with power problem has lowered
therevenuesandprofitabilityof
SMEs. They have been affected
more than large companies
Mateez Laboratories, Visakhapatnam District
1558th Annual Report 2013 - 2014
is also working out a demerger plan in tune with
the A.P. Re-organisation Act.
II. REVIEW OF OPERATIONS
1. Sanctions and Disbursements
During the current Financial Year, the
Corporation sanctioned Rs.1315.34 crore
against Rs.1430.12 crore in the previous year.
3. STATE ECONOMY
Natural resources, policy incentives and
infrastructure in the state are favourably suited
for investments in major sectors such as drugs
and pharmaceuticals, biotechnology, IT and ITes,
minesandminerals,textiles,leatherandtourism.
Andhra Pradesh is one of the foremost states to
havedevelopedsector-specificpolicies.Forming
industrial clusters and developing infrastructure,
such as biotech parks, textile parks, leather
parks, auto parks, fab city and hardware parks,
has been the state’s key strategy to attract
investments in various industries.
Coming to the business environment in the
State of undivided Andhra Pradesh, the growth
was affected due to power cuts, Seemandhra
agitation etc. Uncertainty was prevailing and
investors largely followed ‘wait and see’ policy.
Therefore desired business volumes could not be
achieved. Further, due to the adverse business
climate,assetqualityalsogotaffectedleadingto
higher provisions and prudential write offs.
Now that the “uncertainty chapter” is closed
consequent on bifurcation of the State into
Andhra Pradesh and Telangana, there are good
prospects for growth of the business in the two
States in view of the focused approach by the
newly elected Governments. Your Corporation
Disbursements clocked at Rs.882.76 crore in
thecurrentfinancialyearasagainstRs.951.41
crore during previous year.
2. Recovery Performance
During 2013-14, the Corporation continued its
efforts in the recovery front. The total recoveries
grew to Rs.1076.44 crore from Rs.988.99
crore during the previous year. The Principal
collections during the year stood at Rs.668.14
crore as against Rs.619.31 crore in the previous
Andhra Pradesh State Financial Corporation
16 58th Annual Report 2013 - 2014
year and interest income rose to Rs.408.30 crore
duringthecurrentfinancialyearfromRs.369.68
crore during the previous year.
Though the Corporation’s performance is
affected in the key operational areas of sanctions,
disbursements and recoveries during the FY
2013-14, considering the adverse conditions
prevailing in the economy, the results achieved
by the Corporation are satisfactory.
3. Lead Position
During the year under review,
the Corporation continued
its lead position among its
peers in the Country. With
the good performance in all
the key operational areas of
Sanctions, Disbursements and
Recoveries, the Corporation
is likely to retain its NUMBER
ONE position among all SFCs
in the country for the thirteenth
year in a row.
AsianMultiplex,WarangalDistrict
4. Credit Flow Analysis
MSME sector being the backbone to the
Industrialization of the country, has been a thrust
area of both State and Central Governments.
In line with the policy of the Government, the
Corporation has been focusing credit delivery
to this segment. During the year, the bulk
of sanctions and disbursements were shared
together by micro and small enterprises,
which accounted for 72.80% and 51.31% of
the total sanctions and disbursements of the
Corporation respectively. In terms of absolute
amounts, Rs.74.98 crore were sanctioned to
Micro enterprises, Rs.882.58 crore to units in
Small Enterprises, Rs.230.76 crore to Medium
Enterprises and Rs.127.01 crore to others. In
1758th Annual Report 2013 - 2014
respect of disbursements, Micro enterprises
account for Rs.65.46 crore, Small Enterprises
account for Rs.632.95 crore, Medium Enterprises
account for Rs.127.51 crore, and others account
for Rs.56.84 crore, during the year under
review.
Thenetprofithascomedownduetoincreased
provision for Non-performing assets, employee
benefitsandwriteoffofamountsoverandabove
thestatutoryrequirement.
2. Income & Expenditure
The total income of the Corporation during
2013-14 grew by 10.22% to Rs.453.40 crore
from Rs.411.36 crore in 2012-13, while interest
income stood at Rs.408.30 crore as against
Rs.369.67 crore in 2012-13 recording a growth
of 10.45%, other income was Rs.45.10 crore
during 2013-14 as against Rs.41.69 crore
during the previous year. The growth in interest
III. FINANCIAL PERFORMANCE
1. Profitability
The Corporation has earned a net profit of
Rs.40.14 crore during current year, after making
necessaryprovisionstowardstaxation,NPAsetc.
Andhra Pradesh State Financial Corporation
18 58th Annual Report 2013 - 2014
income was mainly due to increase in the loan
portfolio. Increase in other income is on account
of increased income from Treasury operation and
interestonFixedDeposits.During2013-14,the
total expenditure increased to Rs.359.82 crore
from Rs.313.27 crore in the previous year. The
increaseinthetotalexpenditurewasonaccount
of increased write off of bad debts during the
yearandinterestpayment.Theinterestexpenses
grew by 16.43% due to repayment of low cost
borrowings and increased cost of borrowings
on Term Loans form banks. The borrowing cost
increased from Rs.202.33 crore in 2012-13 to
Rs.235.59 crore in 2013-14. The operating
expenses were slightly increased to Rs.59.61
crore in the year 2013-14 from Rs.57.10 crore
during the year 2012-13.
3. Net worth
The net worth of the Corporation
improved to Rs.445.11 crore as
on 31.03.2014 from Rs.433.39
crore as on 31.03.2013,
registering a growth of 2.70%.
4. Capital Adequacy Ratio (CAR)
The Core Capital Adequacy
Ratio at the end of FY 2013-
14 stood at 13.26% as against
14.51% as on 31.03.2013
against 9% CAR stipulated by RBI for commercial
banks. The supplementary Capital Adequacy
Ratio stood at 17.43% as on 31.03.2014 as
against 15.10% as on 31.03.2013. The Slight
decrease in Capital Adequacy Ratio is due
to increase in the risk weighted assets, which
moved up by 12.42% to Rs.3356.89 crore as
on 31.03.2014 from Rs.2985.95 crore as on
31.03.2013 as a consequence of enhanced
loans and advances. The Reserves & Surpluses
rose from Rs.235.68 crore to Rs.508.71 crore in
thecurrentfinancialyearduetorevaluationof
fixedassetsandretainedearnings.
5. Expanded Loan Portfolio
The total loan portfolio has expended to
Rs.2926.77 crore as on 31.03.2014 from
Rs.2748.19croreason31.03.2013,reflecting
Shubham Function Hall, Nagole, Ranga Reddy District
1958th Annual Report 2013 - 2014
market insurance products of LIC of India and
United India Insurance Company Ltd., during the
year. During 2013-14 the Corporation earned
commission from distribution of insurance
products at Rs.40.68 lakh against Rs.37.54
lakhs in the previous year.
IV. RESOURCE MANAGEMENT
1. Resource Mobilization
The aggregate resources raised by the
Corporation during the year stood at Rs.810.30
crore. The Corporation availed term loans from
Commercial Banks aggregating to Rs.418.00
crore. The Corporation issued Non-SLR Bonds
during the year aggregating to Rs.208.00 crore
andavailedRs.184.30crorebywayofRefinance
from SIDBI.
a year-on-year growth of 6.50%. The total loans
and advances, net of NPA provision, grew by
5.31% to Rs.2817.88 crore in the year 2013-14
as against Rs.2675.73 crore in the year 2012-13.
6. The per employee business performance
in the key parameters in 2013-14 vis-à-vis
2012-13 is as under
(` Lakhs)
Performance Indicator 2013-14 2012-13
Per employee sanctions 326.39 347.12
Per employee Disbursements
219.05 216.88
Per employee Recovery 267.11 225.44
Peremployeenetprofit 9.96 15.38
Per employee operating profit
23.22 23.81
7. Treasury Investments
During 2013-14, the Corporation continued to
invest short term surplus funds
inFixedDeposits withvarious
Banks and mutual funds
approved by the Board, duly
balancingtheliquidityposition.
During 2013-14, the income
from Treasury operations was
Rs.969.41 lakh as against
Rs.775.30 lakh in 2012-13.
8. Non-Fund Based Activities
The Corporation continued to EQIC Dies & Moulds, Ranga Reddy District
Andhra Pradesh State Financial Corporation
20 58th Annual Report 2013 - 2014
SIDBI with a view to limit its exposure to
SFCs, has been substantially reducing the
Refinance assistance to the Corporation from
2012 onwards. In order to meet the gap,
the Corporation availed term loans from
Commercial Banks. The term loans availed are
Rs.150.00 crore from Canara Bank, Rs.90.00
crore from Bank of India, Rs.55.00 crore from
South Indian Bank, Rs.43.00 crore from Union
Bank of India, Rs.40.00 crore from Corporation
Bank, Rs.30.00 crore form Bank of Maharashtra,
and Rs.10.00 crore from Andhra Bank.
2. Resource Deployment
During the year, the Corporation has maintained
its ‘on dot repayment’ track record by meeting
all the principal and interest commitments to
all its lenders. The Corporation has repaid
Rs.368.61croretoSIDBItowardsLOC/Refinance
installments, Rs.225.86 crore
was repaid towards Term Loans
of Commercial Banks.
3. Increase in Borrowing Costs
During 2013-14, the
Corporation has repaid
borrowings of Rs.150.00 crore
carrying lower interest rates
ranging between 6.00% and
7.50% to SIDBI. Further the
fresh borrowings from Commercial Bank were
raised at higher rate which led to increase the
weighted average cost of borrowings to 9.77%
in 2013-14 from 9.36% in the previous year.
V. QUALITY INITIATIVES
1. Asset Quality
Standard assets had gone up by 3.71% to
Rs.2682.74 crore in 2013-14 from Rs.2586.73
crore as on 31.03.2013, which worked out to
91.66% of the gross loans and advances. The
Sub-Standard assets and assets in Doubtful
category-1 have gone up to Rs.198.73 crore
from Rs.130.87 crore and Rs.45.30 crore from
Rs.30.58 crore respectively. The gross NPAs have
gone up to Rs.244.03 crore as on 31.03.2014
from Rs.161.46 crore as on 31.03.2013.
The increase in NPAs is mainly on account of
adverse market conditions prevailing in the
Rajaram Garments, Hyderabad
2158th Annual Report 2013 - 2014
State. The Corporation has
made additional provisions of
Rs.14.72 crore towards 100%
of the net outstanding of the
Doubtful-I assets. Additional
provision of Rs.21.71 crore
was also made towards 20%
of the net outstanding in Sub-
standard asset.
2. NPA Management
The Corporation has conducted
3. Asset Liability Management
The Asset Liability Management Committee
(ALCO) chaired by the Managing Director met
four times during the year and reviewed structural
liquidity,interestratesensitivityanalysis,monthly
cashbudgets,fundingoptions,taximplications
etc. during the year. The cash flows were
managed satisfactorily.
4. Human Resources – Initiatives
As on 31.03.2014, the Corporation had staff
strengthof405.TheOfficersarefromvarious
disciplines such as management, engineering,
chartered accountancy, cost accountancy,
company secretary, legal etc.
The Corporation has conducted 5 in-house
training programmes for new recruitees
at APCOB Training College, Hyderabad.
NPA Review meetings at periodical intervals during
2013-14 under the Chairmanship of the
Managing Director besides recovery reviews
at Weekly Departmental Review meetings.
The Corporation also conducted Special OTS
Campaigns for settlement of NPA accounts.
During the year, the Corporation has restructured
102 deserving loan accounts involving an
outstanding amount of Rs.283.40 crore.
XXX Soaps, Guntur District
Andhra Pradesh State Financial Corporation
22 58th Annual Report 2013 - 2014
Conducted training programme on Upgraded IT
ApplicationstotheOfficersoftheCorporationat
Hyderabad, wherein 212 staff members of the
Corporation have attended. The Corporation
also gave induction training programme for
newly recruited employees. The Corporation
has also sponsored 30Officers for 9 external
training programmes conducted by reputed
institutes like ICAI, ICWAI, RBI College of
Agriculture Banking, IDRBT, Dr.MCR HRD
Institute etc., covering topics like Cost & Risk
Management, Accounting Standards, Service
Tax, etc. The Corporation also sponsored an
Officer for an Overseas Training Programme.
TheCorporationcontinuedtoextendcounselling
services to the students of Professional colleges
and36studentswerebenefitedduring2013-14.
Vijayawada, Rajahmundry, Visakhapatnam and
Tirupati. The campaigns drew good response
fromtheexistingaswellasnewentrepreneurs.
The Corporation also conducted Mini-
Development campaigns at potential Mandals
of each district to widen the customer base.
2. Tie-up with APCOB
The Corporation has entered into a Memorandum
of Understanding with Andhra Pradesh State Co-
operative Bank [APCOB] Limited for extending
Cash Credit Limits to the assisted units of the
Corporation.
VII. DIVIDEND
The Board of the Directors of the Corporation
recommended a dividend of 2% on paid up
equity share capital (PY 7.50%) to the share
holders for the FY 2014.
VI. BUSINESS INITIATIVES
1. Business Development
Campaigns
During 2013-14, the
Corporation with a view to
provide faster services, build
relationship and encourage
new entrepreneurs in the very
beginning of the financial
year conducted Development
Campaigns at Hyderabad, Rank Silicon, Ranga Reddy District
2358th Annual Report 2013 - 2014
The out go on account of dividend including
dividendDistribution Tax works out to Rs.3.85
crores (PY Rs.14.45 crores).
VIII. OUTLOOK
The Corporation continued to hold on its
business volumes during 2013-14 despite the
adverse market conditions and disturbance in
the State prevailed during the most part of the
year under review.
The Corporation will focus on enhancing the
business substantially and thereby improve the
profitabilityinthecurrentyear.Inthisdirection,
the Corporation has set a business target of
Rs.1600 crore sanction for the financial year
2014-15. The business strategy will be on
identifying niche areas of business, enhance
client base with accretion of new customers
by encouraging entrepreneurship, and
for the past 13 successive years and aim for a
significantplaceinMSMElendingintheStateof
Andhra Pradesh.
IX. STATUTORY AND AG’S AUDIT
The AG’s audit team completed the audit of
Annual Accounts of the Corporation for the year
2012-13. As recommended by the Reserve
Bank of India under Sec. 37(1) of SFCs Act,
the Corportion appointed M/s.G.S. Madhava
Rao & Co., Hyderabad, as Statutory Auditors,
to conduct the audit of the books of account
of the Corporation for the F.Y.2013-14. The
auditors have completed the statutory audit for
thefinancialyear2013-14.
X. CORPORATE GOVERNANCE
PRACTICE
The Corporation has put in good Corporate
Governance Practices in place. The Corporation
Hotel Daspalla, Hyderabad
reach the existing customers
through business development
campaigns.
During 2014-15, the
Corporation will strive to improve
the operational and financial
parameters, reducing Net NPAs
to below 4% and retaining its
bench mark status of NUMBER
ONE position among all the
SFCs in the country, a position
the Corporation is enjoying
Andhra Pradesh State Financial Corporation
24 58th Annual Report 2013 - 2014
has adopted cardinal principles such as
credibility, accountability, transparency and
independency in decision making.
The Board of the Corporation meets regularly
and monitors the performance, issues guidelines
and reviews various aspects such as loan policy,
recoverypolicy,exposurelimits,businessplans,
performance in key result areas of operations,
overallassessmentoffinancialpositionactuals
vis-à-vis approved budgets, and other policy
matters besides according loan sanctions
beyond delegated powers of other sanctioning
authorities.
Audit Committee
The Corporation, in order to ensure good
corporate governance practices in its functioning,
has put in place an Audit Committee. The
members of the Committee are experienced
professionals in the fields of finance and
industry. Sri K.Narsimha Murthy, Director
of the Corporation is the Chairman, Sri. K.
Harishchandra Prasad and Sri S.S.R. Koteswara
Rao were members of the Audit Committee. The
Committee, which met four times during the year
2013-14, reviewed various aspects of internal
and external audit reports, performance of
branches, accounting policies, SIDBI Inspection
Report, annual financial statements including
profit&lossaccountandbalancesheetetc.
XI. BOARD OF DIRECTORS
1. Chairman
Sri T. S. Appa Rao, IAS (Retd.), was re-nominated
asaDirectorandnon-executiveChairmanofthe
Corporation by Small Industries Development
Bank of India (SIDBI) for a further period of 2
years ie. till 18.04.2016.
2. Managing Director
Sri T. Satyanarayana Rao, IAS, was appointed
as the Managing Director of the Corporation by
the Government of Andhra Pradesh with effect
from 07.01.2012 and continued as Managing
GS Alloy Castings Limited, Krishna District
2558th Annual Report 2013 - 2014
Director during the year 2013-14. The
Government of Andhra Pradesh appointed Sri
J.S.V. Prasad, IAS,asManagingDirector [FAC]
witheffectfrom01.04.2014,consequenttothe
retirement of Sri T. Satyanarayana Rao, IAS, on
attaining the superannuation.
The Board places on record its appreciation for
the services rendered by Sri T. Satyanarayana
Rao, IAS.
3. Changes in the constitution of the Board
(i) Sri Koteswara Rao, SSR, Chartered
Accountant, was unanimously elected
as Director by the Shareholders of the
Corporation with effect from 27.04.2013;
(ii) Sri K. Harish Chandra Prasad, Industrialist,
Director was unanimously elected as
Director by the Shareholders of the
Corporation with effect from 27.04.2013;
(iii) Sri MD Azeezuddin, Senior Divisional
Manager, LIC of India, Secunderabad
Division, was nominated by Life Insurance
Corporation of India Limited in place of
Sri Uday Kumar Navani, Senior Divisional
Manager, LIC of India, Secunderabad
Division, with effect from 12.06.2013.
(iv) Sri Satish Madhusudan Karambelkar,
General Manager, SIDBI, Hyderabad,
was nominated by Small Industries
Development Bank of India [SIDBI],
in place of Sri S. Mallikarjun, General
Manager, SIDBI, Hyderabad, with effect
from 28.06.2013;
(v) Sri V. Sridhar, General Manager, SIDBI,
Mumbai, was nominated by Small
MultiplexRestaurant,WarangalDistrict
Andhra Pradesh State Financial Corporation
26 58th Annual Report 2013 - 2014
Industries Development Bank of India,
in place of Sri R.P. Malik, Chief General
Manager, SIDBI, Mumbai, with effect from
05.08.2013;
(vi) Sri K. Jagadish Prasad, Industrialist,
Director elected by the Shareholders,
retired on 27.04.2013 on completion of
tenure;
(vii) Sri C. Rajendra Prasad, Industrialist,
Director elected by the Shareholders,
retired on 27.04.2013 on completion of
tenure;
(viii) Dr. Rajat Kumar, IAS, Commissioner of
Industries, nominated by the Government
of Andhra Pradesh, retired on 13.09.2013
on completion of tenure;
(ix) SriK.PattabhiSeetharamaRao,Chartered
Accountant and Industrialist, nominated
by the Government of Andhra Pradesh,
retired on 08.09.2013 on completion of
tenure;
The Board places on record its appreciation
for the services rendered by the outgoing
Directors.
XII. ACKNOWLEDGEMENTS
The Board is grateful to the Government of
Andhra Pradesh for the support and excellent
guidance extended at the need of the hour.
The Board is also grateful to the SIDBI for the
continuoussupportandguidanceextended.
TheBoardexpressesitsgratitudetoGovernment
of India and the Reserve Bank of India for their
S.V. Industry, Hyderabad
2758th Annual Report 2013 - 2014
valuable support and guidance. The Board
expressesthanksforAPIICLtd.,APCOB,Andhra
Bank, Bank of India, Bank of Maharashtra,
Canara Bank, Corporation Bank, State Bank
of Hyderabad, Syndicate Bank, Ing Vysya Bank
Ltd., IDBI Bank Ltd., ICICI Bank Ltd., HDFC Bank
Ltd., The Karur Vysya Bank, Axis Bank, South
India Bank, Union Bank of India, LIC of India
and United India Insurance Company Ltd., for
their continued cooperation and support.
The Board places on record the valuable support
and guidance, received from the Industries &
Commerce Department, the Public Enterprises
Department, Commissionerate of Industries and
other Development Corporations/Organisations
of Andhra Pradesh Government.
The Board expresses its profuse gratitude to
the shareholders of the Corporation for their
confirmed trustandunflinchingsupportall the
times.
The Board expresses its sincere thanks to the
valued customers, for their continued patronage
& support.
The Board acknowledges the high level
commitment and dedication of the Managing
Director,OfficersandStaffof theCorporation.
Their hard work, professionalism has enabled
the Corporation to achieve good results and
retain its Number One Position among all SFCs
in the Country for 13th year in a row.
For and on behalf of the Board
J.S.V. Prasad
MANAGING DIRECTOR
Place : Hyderabad
Date : 02.07.2014
2958th Annual Report 2013 - 2014
58th Annual Report2013 - 14
Annual Accountsand
Financial Statements
3158th Annual Report 2013 - 2014
Auditors’ Report
To,
The Members of
Andhra Pradesh State Financial Corporation
Report on the Financial Statements
We have audited the accompanied financial statements of Andhra Pradesh State Financial Corporation (“the
Corporation”), which comprise the Balance Sheet as at 31st March 2014, Profit and Loss Account and the
Cash Flow Statement for the year then ended, and a summary of the significant accounting policies and other
explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that give a true and fair view of
the financial position, financial performance of the Corporation in accordance with the form of Annexure C and
D of the regulation 87 of the Andhra Pradesh State Financial Corporation General Regulations 2004 framed
as per Section 48 of State Financial Corporations Act 1951 (“the Act”). This responsibility includes the design,
implementation and maintenance of internal control relevant to the preparation and presentation of the financial
statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our
audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India.
Those Standards require that we comply with the ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in
the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment
of the risks of material misstatement of the financial statements, whether due to fraud or error. In making
those risk assessments, the auditor considers the internal control relevant to the Corporation’s preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate
in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Andhra Pradesh State Financial Corporation
32 58th Annual Report 2013 - 2014
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the financial
statements give the information required by the Act in the manner so required and give a true and fair view in
conformity with the accounting principles generally accepted in India:
(a) in the case of the Balance Sheet, of the state of affairs of the Corporation as at 31st March, 2014;
(b) in the case of the Profit and Loss Account, of the profit of the Corporation for the year ended on that date,
and
(c) in the case of the Cash Flow Statement, of the cash flows of the Corporation for the year ended on that
date.
Report on Other Legal and Regulatory Requirements
1. As required by the section 37 of the Act, 1951, we report that:
(a) we have obtained all the information and explanations which to the best of our knowledge and belief
were necessary for the purpose of our audit;
(b) in our opinion proper books of accounts as required by the Act have been kept by the Corporation so far
as appears from our examination of those books
(c) the Balance Sheet, Profit and Loss account dealt with by this report are in agreement with the books of
accounts
(d) in our opinion, the Balance Sheet, Profit and Loss account comply with the form of Annexure C and D of
the regulation 87 of the Andhra Pradesh State Financial Corporation General Regulations, 2004 framed
as per Section 48 of the Act;
(e) In our opinion Corporation has complied with provisions of section 7 and 8 of the State Financial
Corporation Act, 1951 as amended by SFC (Amendment) Act, 2000, regarding borrowings and deposits.
for G S Madhava Rao & Co
Chartered Accountants
FRN: 001907S
SVS Bhaskara Krishna
Place : Hyderabad Partner
Date : 2nd July, 2014 M.No: 209539
3358th Annual Report 2013 - 2014
Balance Sheet as at 31st March, 2014(` in lakhs)
Schedule 2014 2013
Capital and Liabilities :
Share Capital A 20600.99 20600.99
Loans Pending Conversion to Share Capital B 1334.00 1334.00
Reserve Fund and Other Reserves C 50870.81 23567.62
Borrowings D 275432.61 257466.70
Current Liabilities & Provisions E 19404.48 24722.91
T O T A L : 367642.89 327692.22
Property and Assets :
Cash & Bank Balances F 27623.75 24708.38
Investments G 4705.69 7759.63
Loans & Advances (Net of NPAs provision) H 281788.09 267572.52
Fixed Assets I 40935.81 15086.93
Other Assets J 12589.55 12564.76
T O T A L : 367642.89 327692.22
Accounting Policies O
Notes on Accounts P
Note : The Schedules referred to above form an integral part of the Balance Sheet
As per our Report of Even Date
for G.S. Madhava Rao & Co. T.S. Appa Rao J.S.V. PrasadChartered Accountants Chairman Managing Director
(Registration No. 001907S)
S.V.S. Bhaskara Krishna K. Narasimha MurthyPartner Director
M.No.209539
Place : Hyderabad
Date : 2nd July, 2014
Andhra Pradesh State Financial Corporation
34 58th Annual Report 2013 - 2014
Profit and Loss Account for the year ended 31st March, 2014
(` in lakhs)
ScheduleCurrent
Year
Previous
Year
Income :
Interest on Loans & Advances 40829.86 36967.63
Other Income K 4509.73 4168.59
T O T A L : 45339.59 41136.22
Expenditure :
Interest and other Financial Expenses L 23558.89 20232.73
Personnel Expenses M 5239.81 5060.61
Administrative Expenses N 721.35 649.00
Depreciation I 361.45 185.60
Bad Debts written off 6100.27 5198.76
T O T A L : 35981.77 31326.70
Operating Profit c/f 9357.82 9809.52
Contd. in next page
Note : The Schedules referred to above form an integral part of the Balance Sheet
As per our Report of Even Date
for G.S. Madhava Rao & Co. T.S. Appa Rao J.S.V. PrasadChartered Accountants Chairman Managing Director
(Registration No. 001907S)
S.V.S. Bhaskara Krishna K. Narasimha MurthyPartner Director
M.No.209539
Place : Hyderabad
Date : 2nd July, 2014
3558th Annual Report 2013 - 2014
Contd. from previous page : (` in lakhs)
ScheduleCurrent
Year
Previous
Year
Operating Profit b/f 9357.82 9809.52
Add :
Income tax provision for earlier years written back 22.88 0.00
Deferred Tax Asset (DTA) (198.59) (134.59)
Excess Provision for MGD written back 0.00 107.79
Profit before provisions 9182.11 9782.72
Less :
Provision for Non-Performing Assets 1385.80 0.00
Provision for erosion in the value of investments 44.66 0.00
Provision for Income tax 1987.78 2530.61
Provision for incentive to employees 176.33 181.52
Provision for retirement benefits of employees 1184.97 506.06
Provision against Standard Assets 388.46 229.34
5168.00 3447.53
Net Profit carried to P&L appropriation a/c C1 4014.11 6335.19
Note : The Schedules referred to above form an integral part of the Balance Sheet
As per our Report of Even Date
for G.S. Madhava Rao & Co. T.S. Appa Rao J.S.V. PrasadChartered Accountants Chairman Managing Director
(Registration No. 001907S)
S.V.S. Bhaskara Krishna K. Narasimha MurthyPartner Director
M.No.209539
Place : Hyderabad
Date : 2nd July, 2014
Andhra Pradesh State Financial Corporation
36 58th Annual Report 2013 - 2014
Schedule A
(` in lakhs)
31.03.2014 31.03.2013
Share Capital :
Authorised :
50000000 Ordinary Shares of Rs. 100/- each 50000.00 50000.00
Issued,subscribed and Paid up:
a. 16505074 Ordinary Shares (Previous year 16505.07 16505.07
16505074 shares) of Rs. 100/- each fully paid
Less: Surrendered Share Capital pending re-issue 32.83 32.83
16472.24 16472.24
b. 3016000 Ordinary Shares (Previous year 3016000)
of Rs. 100/- each fully paid up - Pending allotment 3016.00 3016.00
19488.24 19488.24
c. 1112750 Shares of Rs. 100/- each fully
paid (issued under Sec. 4A(1) of the
SFCs Act as Special Class of Shares) 1112.75 1112.75
T O T A L : 20600.99 20600.99
Schedule B
(` in lakhs)
Loans Pending conversion to Share Capital :
31.03.2014 31.03.2013
Loan Pending Conversion to Share Capital 946.00 946.00
Loan Pending Conversion to Special Share Capital 388.00 388.00
T O T A L : 1334.00 1334.00
3758th Annual Report 2013 - 2014
Schedule C
Reserve Fund and Other Reserves :
(` in lakhs)
31.03.2014 31.03.2013
a. Reserve Fund (under Sec.35 of SFCs Act,1951) 53.40 53.40
b. Special Reserve Fund (u/s.35A of SFCs Act,1951) 250.00 250.00
c. Reserve (U/s.36(1)(viii) of I.T.Act,1961) 7900.41 6597.21
d. Revaluation Reserve (on Land & Buildings) 27643.31 1711.35
e. Profit and Loss Account balance 15023.69 14955.66
T O T A L : 50870.81 23567.62
Schedule C1
(` in lakhs)
Current YearPrevious
YearProfit and Loss Appropriation Account :
Net Profit carried from Profit & Loss Account 4014.11 6335.19
Less: Transfer to Reserve U/s.36(1)(viii) of I.T.Act,1961 1303.20 1521.27
Balance 2710.91 4813.92
Less:
Proposed Dividend and dividend tax 385.43 1445.38
Minimum guaranteed dividend to SIDBI and other
shareholders0.00 987.02
Add: Profit brought forward from Previous Balance Sheet 14955.66 14049.77
17281.14 16431.29
Less:
Additional Provision on Sub-std and Doubtful-1 assets 2257.45 1475.63
Balance carried to Schedule ‘C’ 15023.69 14955.66
Andhra Pradesh State Financial Corporation
38 58th Annual Report 2013 - 2014
Schedule D
(` in lakhs)
31.03.2014 31.03.2013
Borrowings :
1. Non-SLR Bonds (Guaranteed by Govt. of A.P.)
8.50% Series - II 2008 10320.00 12900.00
9.00% Series - III 2008 10000.00 10000.00
8.35% Series - IV 2010 12100.00 12100.00
9.48% Series - V 2012 20000.00 20000.00
9.15% Series - VI 2013 32000.00 32000.00
9.75% Series - VII 2014 5800.00 0.00
9.85% Series - VIII 2014 15000.00 0.00
Sub-total 105220.00 87000.00
2. Small Industries Development Bank of India (SIDBI)
Refinance U/s 7(5) of the SFCs Act,1951 94031.59 112462.69
Sub-total 94031.59 112462.69
3. Term Loans from Banks 74554.89 55336.18
4. Fixed Deposits 1626.13 2667.83
T O T A L : 275432.61 257466.70
3958th Annual Report 2013 - 2014
Schedule E
(` in lakhs)
31.03.2014 31.03.2013
Current Liabilities & Provisions :
A. Current Liabilities :
1. Earnest Money Deposit (Sec.29) 67.77 64.18
2. Down payment (Inter-se Transfer/Sec.29) 370.00 290.97
3. Party’s share of initial investment 40.00 3.17
4. Borrowings from bank (SOD) 5.41 2005.12
5. Seed capital assistance 53.61 53.84
6. Sundry Deposits 1684.37 1612.76
7. Dividend Subvention Fund 114.09 114.09
8. Deposit for service charges 206.30 185.84
9. Accrued interest on Borrowings 1663.40 1867.31
10. Outstanding expenses 226.98 651.83
11. Proposed dividend 329.44 1235.42
12. Other Liabilities 3983.28 4610.41
8744.65 12694.94
B. Provisions :
1. Provision for Income-tax 7379.18 8151.53
2. Contingent Provision against Standard Assets 1491.00 1102.54
3. Provision for retirement benefits of employees 1589.65 2573.90
4. Provision for incentive to employees 200.00 200.00
10659.83 12027.97
T O T A L : 19404.48 24722.91
Andhra Pradesh State Financial Corporation
40 58th Annual Report 2013 - 2014
Schedule F
Cash and Bank Balances : (` in lakhs)
31.03.2014 31.03.2013
a. Cash and Cheques on hand 4400.81 4280.42
b. Balances with Banks :
i) Reserve Bank of India 1.19 1.19
ii) SBI & Other Scheduled Banks 5548.30 6901.41
iii) Short Term Deposits with Banks 20873.61 16571.65
30823.91 27754.67
Less : Book overdraft 3200.16 3046.29
T O T A L : 27623.75 24708.38
Schedule G
Investments : (` in lakhs)
31.03.2014 31.03.2013
Investments held for Maturity :
i) Shares acquired pursuant to underwriting
agreements under sec.25(1)(c) of the
SFCs Act, 1951
a. Non-redeemable Preference Shares fully paid 2.25 2.25
b. Equity Shares fully paid 13.37 13.38
ii) Other equity shares fully paid 81.55 81.55
iii) Investment of Special Share Capital
under Sec.4A(1) of the SFCs Act, 1951
in Redeemable Preference Shares fully paidup. 4.53 4.53
Treasury Investments :
- Short term investments in liquid funds 4664.23 7673.50
4765.93 7775.21
Less :
Provision for diminution in value of shares 60.24 15.58
T O T A L : 4705.69 7759.63
4158th Annual Report 2013 - 2014
Schedule H
Loans and Advances : (` in lakhs)
31.03.2014 31.03.2013
Classification of Loans and Advances
on purpose-wise basis :
a. General Loans 173496.87 158130.31
b. Transport Loans 479.90 407.33
c. Loans under Good Entrepreneurs Scheme 21313.38 25735.43
d. Working Capital Term Loans 65736.39 62865.52
e. Loans under Marketing Assistance Scheme 27761.01 24349.51
288787.55 271488.10
Add i) Interest Accrued on Standard Assets 3785.98 3276.20
ii) Other Expenses - Loanee Accounts 103.92 54.32
292677.45 274818.62
Less: Provision against Non Performing Assets 10889.36 7246.10
T O T A L : 281788.09 267572.52
Andhra Pradesh State Financial Corporation
42 58th Annual Report 2013 - 2014
Sch
edule
I
Fixe
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sset
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Note
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:
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ss B
lock
of B
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ings
as
on 3
1.03
.201
4 in
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ed d
urin
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02-0
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Rs.
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.45
lakh
s ba
sed
on v
alua
tion
cert
ifica
tes
of r
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4358th Annual Report 2013 - 2014
Schedule JOther Assets : (` in lakhs)
31.03.2014 31.03.2013
Loans & Advances to Staff 953.33 1077.63
Accrued interest 588.12 531.20
Other receivables 70.29 21.66
Deferred Tax Asset 608.30 806.89
Stock of Stationery 9.19 8.75
Disbursements under self employment
scheme receivable from Government 21.36 21.36
Margin Money to SC/ST reimbursable from Govt of A.P 87.76 107.44
Deferred Guarantee Commission 979.20 896.00
Income tax and Advance tax 8764.37 8685.93
Deposits 57.47 55.37
Other Current Assets 450.16 352.53
T O T A L : 12589.55 12564.76
Schedule KOther Income : (` in lakhs)
2013-14 2012-13
Bad Debts written-off recovered/written back 1835.75 1817.84
Service charges 625.81 654.84
Upfront Fee/ Commitment Charges 327.18 411.16
Sale of Application Forms 5.95 7.37
Dividend on Shares 2.43 1.82
Dividend on investments in liquid funds 317.33 443.37
Interest on Bank Deposits 652.08 331.93
Interest on Staff advances 188.77 52.45
Premium on pre-mature closure of Accounts 181.42 142.26
Profit on sale of investments 9.25 21.44
Profit on sale of assets 3.71 4.69
Commission on Insurance 40.68 37.54
Rent received & Other income 319.37 241.88
T O T A L : 4509.73 4168.59
Andhra Pradesh State Financial Corporation
44 58th Annual Report 2013 - 2014
Schedule LInterest and other Financial Expenses : (` in lakhs)
2013-14 2012-13
Interest on Borrowings from SIDBI 8856.19 9905.51
Interest on SLR Bonds 0.00 206.27
Interest on Non-SLR Bonds 7886.98 5187.94
Interest on borrowings from Banks & others 6028.57 4363.86
Interest on Loan Pending Conversion to Share Capital 70.95 70.95
Interest on Fixed Deposits 177.47 291.71
Service charges to SIDBI on Seed Capital 1.08 1.05
Brokerage on Fixed Deposits 0.08 0.03
Guarantee Commission to Govt. of A.P. 124.80 104.00
Service tax paid 9.16 0.00
Other financial / Service charges 403.61 101.41
T O T A L : 23558.89 20232.73
Schedule MPersonnel Expenses : (` in lakhs)
Head of Account 2013-14 2012-13
Salaries and Allowances :
a. Managing Director 20.58 17.29
b. Others 4618.14 4393.11
Medical Expenses :
a. Managing Director 0.28 0.29
b. Others 89.23 135.95
Contribution to Provident Fund 357.75 364.12
Contribution to Leave Encashment - MD 4.86 0.00
Contribution to pension -MD 7.23 0.00
Gratuity (including contribution to Group Gratuity Scheme) 34.12 37.44
Leave Travel Concession 26.94 22.51
Staff Training Expenses 7.45 4.53
Staff recruitment expenses 0.00 13.62
Staff Welfare Expenses 73.23 71.75
T O T A L : 5239.81 5060.61
4558th Annual Report 2013 - 2014
Schedule N
Administrative Expenses : (` in lakhs)
Head of Account 2013-14 2012-13
Travelling Expenses :
i) Managing Director 1.37 0.91
ii) Directors 2.60 4.93
iii) Others 79.98 66.97
Sitting Fees to Directors 2.33 2.27
Rent,Taxes & Insurance 68.12 66.35
Postage,Telegrams & Telephones 54.03 58.33
Motor Car Expenses 115.82 100.94
Printing & Stationery 37.84 32.52
Publicity & Advertisement 1.32 3.49
Books, Periodicals & Newspapers 2.13 2.25
Repairs & Maintenance of office equipment & assets 67.91 50.70
Office Maintenance Expenses 161.32 129.65
Building Maintenance Expenses 7.67 10.68
Bank Charges & Commission 6.41 7.02
Remuneration to Auditors :
i) Audit fees 2.76 2.13
ii) Tax Audit Fee 0.59 0.43
iii) Expenses 1.56 2.35
Legal Charges 1.18 2.38
Professional & Consultancy charges 4.84 14.45
Power charges 61.75 50.21
Board Meetings/AGM Expenses 2.91 3.11
Membership fees/Subscriptions to institutions 1.02 0.97
Loss on sale of assets 0.18 0.00
Other Expenses 35.71 35.96
T O T A L : 721.35 649.00
Andhra Pradesh State Financial Corporation
46 58th Annual Report 2013 - 2014
Schedule O
Significant Accounting Policies
General
1. The Financial Statements have been prepared under the historical cost convention, (other than
revalued land & buildings), by following the going concern concept. These Financial Statements are in
accordance with the accounting principles Generally Accepted in India and conform to the prevailing
statutory provisions of the State Financial Corporations Act, 1951, and other provisions, unless otherwise
stated.
2. Method of Accounting
The financial statements are prepared on Accrual basis.
3. Revenue Recognition.
Income and expenditure are accounted on accrual basis. In the case of Non-Performing Assets and
investments, the income is recognized to the extent of realization in accordance with norms prescribed by
SIDBI.
4. Fixed assets, except land and buildings which are revalued, are stated at their original cost, less
depreciation, comprising of the purchase price and attributable cost of bringing the asset to working
condition for its intended use.
5. Depreciation is provided on the written down value method at the rates prescribed under the Income
Tax Rules, 1962.
6. Investments are stated at Purchase Price less provision, for erosion in the value of investment made, in
accordance with the guidelines prescribed by SIDBI.
7. Loans & Advances - Provision / Write off
(i) Provision against loans classified as Standard Assets and Non-Performing Assets, is made
in accordance with the guidelines on asset classification and provisioning prescribed for State
Financial Corporations by SIDBI.
(ii) Assets classified as Loss, Doubtful-3 and Doubtful-2 are fully written off.
iii) 50% of Assets in Doubtful-1 category are written off, unit-wise/ age-wise which remained in
Doubtful-1 Category for longer period.
4758th Annual Report 2013 - 2014
8. Provision for Income Tax
Provision for Income Tax is made in accordance with the provisions of the Income Tax Act, 1961 applicable
for the year.
9. Appropriation of recoveries
Amounts received from borrowers is first appropriated to recover Other Expenses incurred on their behalf,
thereafter to Interest and lastly to Principal, except in regard to units sold U/s.29 of the SFCs Act, 1951,
where, sale proceeds received are first appropriated to Other Expenses, thereafter to Principal and lastly
to Interest.
Receipts under One Time Settlement Scheme (OTS) are appropriated against the crystallized liability as
per the OTS approval, in the order of, Other Expenses, Interest and Principal.
10. Retirement Benefits
Liability for gratuity and leave encashment (defined benefits) is determined and provided for on the basis
of actuarial valuations at the year end.
As per our Report of Even Date
for G.S. Madhava Rao & Co. T.S. Appa Rao J.S.V. PrasadChartered Accountants Chairman Managing Director
(Registration No. 001907S)
S.V.S. Bhaskara Krishna K. Narasimha MurthyPartner Director
M.No.209539
Place : Hyderabad
Date : 2nd July, 2014
Andhra Pradesh State Financial Corporation
48 58th Annual Report 2013 - 2014
Schedule - P
Notes on Accounts
1. Share Capital
The Corporation has received an Equity Contribution of Rs.10879.00 lakhs from Government of Andhra
Pradesh by way of land of Ac 271-39 guntas at Gajularamaram, Qutubullapur Mandal, Rangareddy
district. (Ac.33-11 guntas of land by way of alienation and Ac.238-28 guntas of land by way of 99 years
lease, both at Rs.40.00 lakhs per acre during the year 2007-08). Out of the total Equity Contribution of
Rs.10879.00 lakhs, the Corporation has allotted and issued Shares to the extent of Rs.7863.00 lakhs in
respect of Ac.196-23 guntas of land demarcated and the balance amount of Rs.3016.00 lakhs was kept
as Share Capital Pending Allotment for want of completion of demarcation of balance of the land.
2. Asset Classification and Provisioning
The contingent provision for Standard Assets is 0.25% on Assets covered under Micro and Small Enterprises
(MSEs), 1.00% on Assets covered under Commercial Real Estate and 0.40% on others. The general
provisioning for Sub-Standard is 15%, for Doubtful-1 at 25%, Doubtful-2 at 40%, for Doubtful-3 and Loss
at 100%.
The asset classification and provisioning is made in accordance with the guidelines issued by SIDBI.
The provisioning requirement as per guidelines against Standard Assets and non-performing assets is
provided in the Profit & Loss Account. An additional provision to the tune of Rs.2257.45 lakhs has been
made from the appropriation account to cover 20% of the net Sub Standard Assets and at 100% on the
Net Doubtful-1 Assets over and above the mandatory requirement as buffer recycling provision. The
assets classified under Doubtful-2, Doubtful-3 and Loss categories are fully written off and the assets
classified under DBT-1 category are written off to the extent of 50% unit wise in the order of age wise
arrears.
4958th Annual Report 2013 - 2014
The asset category wise details of the outstanding loans as on 31.03.2014 and provision made are as follows:
(` in lakhs)
Asset
CategoryCurrent Year – 2013-14 Previous Year – 2012-13
Gross Provision Net Gross Provision Net
Standard 264488.50 1466.55 263021.95 255396.92 1086.52 254310.40
Int.in Std. 3785.98 24.45 3761.53 3276.20 16.02 3260.18
STD-Assets 268274.48 1491.00 266783.48 258673.12 1102.54 257570.58
Sub-Standard 19872.96 2980.94 16892.02 13087.35 1963.10 11124.25
Doubtful-1 4530.01 1132.50 3397.51 3058.15 764.54 2293.61
Doubtful-2 0.00 0.00 0.00 0.00 0.00 0.00
Doubtful-3 0.00 0.00 0.00 0.00 0.00 0.00
Loss 0.00 0.00 0.00 0.00 0.00 0.00
NPA-Assets 24402.97 4113.44 20289.53 16145.50 2727.64 13417.86
Total-Assets 292677.45 5604.44 287073.01 274818.62 3830.18 270988.44
Addl.Prov.
Sub-Standard 0.00 3378.40 3378.40 0.00 2224.85 2224.85
Doubtful-1 0.00 3397.51 3397.51 0.00 2293.61 2293.61
Grand Total 292677.45 12380.35 280297.10 274818.62 8348.64 266469.98
3. Loans and Advances
Letters seeking confirmation of outstanding balances in loan accounts were sent by the Corporation to
borrowers. Confirmations are yet to be received from the borrowers.
4. Contingent liabilities not provided for in respect of
a) Suits filed against the Corporation by the borrowers and others is estimated at Rs.435.89 lakhs
(Previous year - Rs.430.44 lakhs).
b) Contracts remaining to be executed on capital account, net of advances are estimated at Rs.12.00
lakhs (Previous year - Rs.22.00 lakhs).
c) Service Tax matters Rs.203.38 lakhs (Previous year Nil).
5. The total liability towards Gratuity on account of upward revision in ceiling during 2010-11 is estimated
at Rs.1479.46 lakhs, which is being provided in 5 years as per RBI guidelines, at Rs.295.89 lakhs each
year commencing from FY 2010-11. The balance liability yet to be provided in the books of accounts as
at 31st March, 2014 stood at Rs.295.89 lakhs (Previous year - Rs.591.79 lakhs).
Andhra Pradesh State Financial Corporation
50 58th Annual Report 2013 - 2014
6. A onetime guarantee commission is payable to the Government of Andhra Pradesh @ 1% of the Non-SLR
Bonds raised during the FY 2013-14. The same is proposed to be absorbed over the tenure of the Bonds.
7. The Corporation contributed to the Employees Social Security Trust an amount of Rs. 1764.00 lakhs till
the end of March, 2014, including Rs.761.84 lakhs for the current year, being one third of the balance
amount. An amount of Rs.200.00 lakhs is provided towards incentive as against previous year expenditure
of Rs.176.78 lakhs.
8. Status Of Income Tax Assessments
The Income tax assessments are completed up to the Assessment Year 2011-12.
9. Deferred Tax Asset (DTA)
During the year, the Deferred Tax Asset to the tune of Rs. 198.59 lakhs has been reversed due to funding
of employee benefits with LIC. The Deferred Tax Asset stood at Rs. 608.30 lakhs as at 31st March, 2014
(Previous Year - Rs. 806.89 lakhs).
10. Investment of surplus funds
The Corporation invested its surplus funds in liquid funds and fixed deposits as part of cash flow
management to maximize the returns and earned Rs.969.41 lakhs. (Previous Year - Rs.775.30 lakhs)
11. One Time Settlement
During the year, under One Time Settlement, the Corporation waived interest/penal interest of Rs.312.04
lakhs (Previous year - Rs.121.01 lakhs) for settling the bad and doubtful loans and for regularization of
the defaulted loan accounts including the accounts written off.
12. Segment reporting
The Corporation operates in a single business segment of term lending and in one geographical segment.
Hence, disclosure of Segment reporting as per AS-17 is not required.
13. Related Party Disclosures
Sri T. Satyanarayana Rao, IAS., Managing Director of the Corporation is the key managerial personnel
during the year.
Salary and other payments are shown under Personnel and Administrative expenses in Schedule M and
N respectively.
5158th Annual Report 2013 - 2014
14. Disclosures in compliance with SIDBI’s guidelines:
A) Capital:
a. i) Core Capital Risk Weighted Adequacy Ratio (CRAR) 13.26% (PY 14.51%)
ii) Supplementary Capital Risk weighted Adequacy Ratio 17.43% (PY 15.10%)
b. Amount of subordinated debt raised and outstanding as Tier II capital … NIL (PY Nil)
c. i. Net worth … Rs.44511.22 lakhs (PY Rs.43338.82 lakhs)
ii. Risk weighted Assets … Rs.335689.03 lakhs (PY Rs.298594.94 lakhs)
d. Shareholding Pattern:
(` in lakhs)
Sl. No. Shares held by Equity Share
Capital
Share Capital pending allotment
Special Share
CapitalTotal % of
holding
1. State Govt. 14114.087 3016.00 556.375 17686.462 85.85
2. SIDBI 2330.987 0.00 556.375 2887.362 14.02
3. LIC of India 21.655 0.00 0.00 21.655 0.11
4.Individuals, Co-op. Banks, PF Trusts etc.
5.511 0.00 0.00 5.511 0.02
Total 16472.24 3016.00 1112.750 20600.990 100.00
e. Loan Pending Conversion to Share Capital as on 31.03.2014.
(` in lakhs)
Loan Pending Conversion to Share Capital
IDBIState
GovernmentTotal
31.03.2014Total
31.03.2013
Ordinary Share Capital 946.00 0.00 946.00 946.00
Special Share Capital 194.00 194.00 388.00 388.00
Total 1140.00 194.00 1334.00 1334.00
Andhra Pradesh State Financial Corporation
52 58th Annual Report 2013 - 2014
B) Asset Quality and Credit Concentration:
a. Percentage of net NPAs to net Loans & Advances: 4.83% (PY3.34%)
b. Value and percentage of net NPAs to Net Loans and Advances:
(` in lakhs)
Asset category
2013-14 2012-13
Net Loans Net NPAs% to total net
loans
% to total net
loans
Standard 266544.12 0.00 0.00 0.00
Sub-standard 13513.62 13513.62 4.83 3.34
Doubtful 0.00 0.00 0.00 0.00
Total 280057.74 13513.62 4.83 3.34
c. Provisions for the year:.
(` in lakhs)
Sl. No. Assets & Others Current Year Previous Year
1. Loans & Advances: Standard Assets 388.46 229.34
2. Income Tax 1987.78 2530.61
3. Employees Retirement Benefits 1184.97 506.06
4. Provision for incentives to employees 176.33 181.52
5. Provision for Non-Performing Assets 1385.80 0
6. Provision in the erosion of investments 44.66 0
Total 5168.00 3447.53
d. Movement in net NPAs:
i. Sub-standard Rs. 4614.22 lakhs Increase (51.84%)
ii. Doubtful - Nil -
e. Credit exposure as a percentage to capital funds and to total assets in respect of:
Sl. No. Borrower% to % to
Capital funds total assets
1 the largest single borrower other than group 3.69 0.63
2 the largest borrower group 9.43 1.60
3 10 largest single borrowers other than group 28.48 4.84
4 10 largest borrower groups 42.69 7.26
5358th Annual Report 2013 - 2014
C. Particulars of Accounts Restructured
(` in lakhs)
CDR
Mechanism
SME Debt
RestructuringOthers
C.Y. P.Y. C.Y. P.Y. C.Y. P.Y.
Standard
advances
restructured
No.of Borrowers -- -- -- -- 95 92
Amount outstanding -- -- -- -- 27970.54 16492.41
Sacrifice (diminution
in the fair value)-- -- -- -- - Nil - - Nil -
Sub-standard
advances
restructured
No. of Borrowers -- -- -- -- 7 17
Amount outstanding -- -- -- -- 369.80 1097.62
Sacrifice (diminution
in the fair value)-- -- -- -- - Nil - - Nil -
Doubtful
advances
restructured
No. of Borrowers -- -- -- -- - Nil - - Nil -
Amount outstanding -- -- -- -- - Nil - - Nil -
Sacrifice (diminution
in the fair value)-- -- -- -- - Nil - - Nil -
TOTAL
No. of Borrowers -- -- -- -- 102 109
Amount outstanding -- -- -- -- 28340.34 17590.03
Sacrifice (diminution
in the fair value)-- -- -- -- - Nil - - Nil -
D. Liquidity:
Maturity pattern of rupee current assets & liabilities:
(` in lakhs)
Items < = 1 yr>1 yr &
upto 3 yr
> 3 yr &
upto 5 yr
> 5 yr &
upto 7 yr
> 7 yr &
upto 10 yr> 10 yr Total
Rupee
assets93427.46 175913.05 43756.31 6026.95 218.66 40977.25 360319.68
Rupee
liabilities47333.57 96659.71 55589.64 33516.56 52923.40 59273.11 345295.99
Surplus/
(Deficit)46093.89 79253.34 (11833.33) (27489.61) (52704.74) (18295.86) 15023.69
Cum.
Surplus46093.89 125347.23 113513.90 86024.29 33319.55 15023.69
Surplus/
(Deficit) %97.38 81.99 (21.29) (82.02) (99.59) (30.87)
Andhra Pradesh State Financial Corporation
54 58th Annual Report 2013 - 2014
E. Operating Results
Item 2013-14 2012-13
1. Interest income as percentage to average working funds 12.06% 12.36%
2.Non-interest income as a percentage to average working
funds1.33% 1.39%
3 Non-interest income as a percentage of operating expenses 58.69% 63.33%
4. Operating profit as a percentage to average working funds 2.76% 3.28%
5. Return on average assets 1.19% 2.12%
6. Operating profit per employee (Rs. lakhs) 23.22 23.81
7. Net profit per employee (Rs. lakhs) 9.96 15.38
8. Weighted Average cost of borrowing as on 31st March. 9.77% 9.36%
15. The Board proposed and decided in its meeting held on 02-07-2014 to declare a dividend of Rs.2/- per
share amounting to Rs.385.44 lakhs including Dividend Distribution Tax of Rs.55.99 lakhs.
As per our Report of Even Date
for G.S. Madhava Rao & Co. T.S. Appa Rao J.S.V. PrasadChartered Accountants Chairman Managing Director
(Registration No. 001907S)
S.V.S. Bhaskara Krishna K. Narasimha MurthyPartner Director
M.No.209539
Place : Hyderabad
Date : 2nd July, 2014
5558th Annual Report 2013 - 2014
(` in lakhs)A. CASH FLOW FROM OPERATING ACTIVITIES 2013-14 2012-13
Profit before tax & provisions 9357.82 9809.52 Add: Depreciation 361.45 185.60 Bad Debts Written off 6100.27 5198.76 Less: Profit on sale of Fixed Assets (Net of loss on sale) 3.71 4.69 Profit on sale of investments 9.25 21.44 Dividend on shares 2.43 1.82 Cash from Operations 15804.15 15165.93 Adjustment for :Increase in advances (22893.36) (37979.57)Increase in borrowings 19007.61 36790.10 Decrease in deposits (1041.70) (979.36)Decrease in other assets (223.38) 327.79 Increase in other Liabilities (4279.73) 909.76 Direct Taxes paid (Net) (2878.68) (3421.15)Net cash from Operating Activities 3494.91 10813.50
B. CASH FLOW FROM INVESTMENT ACTIVITIES :Purchase of investments 0.00 (5534.07)Purchase of Fixed Assets (1252.14) (218.04)Sale of Fixed Assets 6.89 4.76 Sale of investments 3009.28 21.44 Dividend on shares 2.43 1.82 Net cash from investment activities 1766.46 (5724.09)
C. OTHER CASH FLOWS :Increase in Share Capital 0.00 0.00 Loan pending conversion to Share Capital 0.00 0.00 Other net cash flows (2346.00) (1931.73)Net cash flows (A+B+C) 2915.37 3157.68Net increase / (decrease) in cash and cash equivalents 2915.37 3157.68 Cash and Cash equivalents at the beginning of the year 24708.38 21550.70
Cash and Cash equivalents at the end of the year 27623.75 24708.38
As per our Report of Even Date
for G.S. Madhava Rao & Co. T.S. Appa Rao J.S.V. PrasadChartered Accountants Chairman Managing Director (Registration No. 001907S)
S.V.S. Bhaskara Krishna K. Narasimha MurthyPartner DirectorM.No.209539
Place : HyderabadDate : 2nd July, 2014
Cash Flow Statement
Andhra Pradesh State Financial Corporation
56 58th Annual Report 2013 - 2014
Business, Sources and Uses of Funds(` in lakhs)
2013-14 2012-13
I BUSINESS
NET EFFECTIVE SANCTION
a Term Loan
i Micro & Small Enterprises 45189.52 61279.96
ii Medium Enterprises 13033.75 3947.98
Sub-total 58223.27 65227.94
b Others
i Short Term Loan / WCTL 26514.09 27673.24
ii Soft Loan - NEF (Revival) 0.00 0.00
iii Soft Loan - Others (MUN) 0.00 0.00
iv Others - Commercial & Residential Complexes 10048.59 9355.00
Sub-total 36562.68 37028.24
Total I (a+b) 94785.95 102256.18
II USES OF FUNDS
1 DISBURSEMENTS
a Term Loan
i Micro & Small Enterprises 49146.12 54542.44
ii Medium Enterprises 6368.51 10464.33
Sub-total 55514.63 65006.77
b Others
i Short Term Loan (WCTL) 27077.12 26547.83
ii Soft Loan - NEF 0.00 0.00
iii Soft Loan - Others 0.00 0.00
iv Others - Commercial & Residential Complexes 5684.26 3586.79
Sub-total 32761.38 30134.62
Total 1 (a+b) 88276.01 95141.39
5758th Annual Report 2013 - 2014
Business, Sources and Uses of Funds
(` in lakhs)
2013-14 2012-13
2 REPAYMENTS
i Refinance / LOC / TL / Principal - SIDBI 36861.10 26879.54
ii SLR Bonds 0.00 4525.00
iii Non SLR Bonds 2580.00 5000.00
iv Public Deposits 1504.25 1874.81
v Others - Bank term loans 22581.29 20937.75
vi Soft Loan - NEF (to SIDBI) 8.72 29.11
vii Soft Loan - Others 0.38 1.83
Total(2) 63535.74 59248.04
3 REVENUE PAYMENTS
i Interest on Refinance/LOC - SIDBI 8856.19 9905.51
ii Interest on loan-in-lieu of Capital 70.95 70.95
iii Interest on SLR Bonds 0.00 206.27
iv Interest on Non - SLR Bonds 7886.98 5187.94
v Interest on Other Borrowings 6206.04 4655.57
vi Financial charges 413.93 102.49
vii Guarantee Commission to Govt. of A.P. 124.80 104.00
viii Administrative / Establishment expenses 5961.16 5709.61
ix Income tax paid 2871.68 3421.15
x Capital expenditure 281.55 222.80
xi Other cash outgoings (Subsidy, etc.) 7431.45 5445.35
xii Closing cash & Bank Balance and STDs 32287.98 32381.88
Total(3) 72392.71 67413.52
Total II (1 to 3) 224204.46 221802.95
Andhra Pradesh State Financial Corporation
58 58th Annual Report 2013 - 2014
Business, Sources and Uses of Funds
(` in lakhs)
2013-14 2012-13
III SOURCES OF FUNDS
1 Opening Cash & Bank balance 32381.88 23690.13
2 Increase in Share Capital 0.00 0.00
3 Borrowings
i Refinance / LOC - SIDBI 18430.00 19000.00
ii Non - SLR Bonds 20800.00 32000.00
iii Bank - LOC / other borrowing 41800.00 43150.00
iv Public Deposits 462.54 895.45
v Soft loan - NEF & MUN (Reimb. from SIDBI) 0.00 0.00
Total(3) 81492.54 95045.45
4 Receipts Against
i Recovery of Principal 64978.43 61931.15
ii Subsidies 0.00 0.00
iii Soft Loan - NEF 6.63 0.00
iv Soft Loan - Others 2.21 0.00
Total(4) 64987.27 61931.15
5 Revenue Receipts
i Recovery of interest 40829.86 36967.63
ii Other receipts 4509.73 4168.59
iiiOther cash inflows (sale of assets / investments,increase in ca and dec in cl)
3.18 0.00
Total(5) 45342.77 41136.22
TOTAL III (1 to 5) 224204.46 221802.95
5958th Annual Report 2013 - 2014
Details of Series-wise Non - SLR Bonds outstanding as on 31.03.2014
` in Lakhs
Sl. No. Series NoDate of
Issue
Date of
Redemption
Rate of
interest (%)Amount
1 II February 15, 2008 March 27, 2018 8.50 10320.00
2 III December 24, 2008 January 3, 2019 9.00 10000.00
3 IV December 21, 2009 December 29, 2019 8.35 12100.00
4 V February 29, 2012 March 28, 2022 9.48 20000.00
5 VI January 11, 2013 March 20, 2023 9.15 32000.00
6 VII January 29, 2014 March 24, 2024 9.75 5800.00
7 VIII March 25, 2014 March 28, 2024 9.85 15000.00
Total 105220.00
6358th Annual Report 2013 - 2014
INDEX TO TABLESItem No. Contents of Tables Table
No.Page No.
1 APPLICATIONS RECEIVEDSummary of Applications Received & Disposed during the year 2013-14and Cumulative upto 31.03.2014 01 64
2 SANCTIONS & DISBURSEMENTS during THE YEAR 2013-14 2.1 Sanctions & Disbursal of Loans during the year 2013-14
and Since Inception upto 31.03.2014 02 652.2 Scheme-wise Classification of Sanctions, Disbursements, Value of Output and
Employment Generated during the year 2013-14 03 662.3 Industry-wise Classification of Term Loans Sanctioned (Effective) and Disbursed
during the year 2013-14. 04 672.4 Region / District-wise Classification of Term Loans Sanctioned (Effective) and
Disbursed during the year 2013-14. 05 682.5 Branch-wise Sanctions, Disbursements & Recoveries
during the year 2013-14. 06 692.6 Area-wise Classification of Term Loans Sanctioned (Effective) and Disbursed
during the year 2013-14. 07 702.7 Constitution-wise Classification of Term Loans Sanctioned (Effective) and
Disbursed during the year 2013-14. 08 702.8 Sector-wise Classification of Term Loans Sanctioned (Effective) and Disbursed
during the year 2013-14. 09 713 ANALYSIS OF SANCTIONS DURING THE YEAR 2013-14
3.1 Size-wise Classification of Term Loans Sanctioned (Gross)during the year 2013-14. 10 71
3.2 Project Cost-wise Classification of Term Loans Sanctioned (Gross)during the year 2013-14. 11 71
3.3 Purpose-wise Classification of Term Loans Sanctioned (Gross & Effective)during the year 2013-14. 12 72
3.4 Maturity-wise Classification of Term Loans Sanctioned (Effective)during the year 2013-14. 13 72
4 ANALYSIS OF SANCTIONS, DISBURSEMENTS & OUTSTANDINGS4.1 Loan Type-wise Classification of Sanctions (Gross & Net Effective), Disbursements
and Outstandings as on 31.03.2014. 14 724.2 Industry-wise Classification of Term Loans Sanctioned (Net Effective), Disbursed
and Outstandings as on 31.03.2014. 15 734.3 Region/District-wise Classification of Term Loans Sanctioned (Net Effective),
Disbursed and Outstandings as on 31.03.2014. 16 744.4 Constitution-wise Classification of Term Loans Sanctioned (Net Efffective),
Disbursed and Outstandings as on 31.03.2014. 17 754.5 Class-wise Classification of Loans Sanctioned, Disbursed during the year 2013-14
and Outstandings as on 31.03.2014. 18 764.7 Age-wise Undisbursed Commitments as on 31.03.2014. 19 774.8 Performance in Key Result areas of Sanctions, Disbursements, Recoveries
and Profit Year-wise since inception of the Corporation till 31.03.2014. 20 78
Andhra Pradesh State Financial Corporation
64 58th Annual Report 2013 - 2014
TABL
E - 1
SUM
MAR
Y O
F AP
PLIC
ATIO
NS
RECE
IVED
AN
D D
ISPO
SED
OF
DU
RIN
G T
HE
YEAR
201
3-14
AN
D C
UM
ULA
TIVE
UPT
O 3
1-03
-201
4 (A
MO
UN
T `
IN L
AKH
S)
Sl No
PART
ICU
LARS
DU
RIN
G 2
013-
14
SIN
CE IN
CEPT
ION
TO
31s
t Mar
ch, 2
014
Smal
l Sca
le U
nits
Oth
ers
Tota
lSm
all S
cale
Uni
tsO
ther
sTo
tal
Com
posi
te lo
ans
Gen
eral
Loa
nsS.
R.T.
Os.
Com
posi
te lo
ans
Gen
eral
Loa
nsS.
R.T.
Os.
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
12
34
56
78
910
1112
1314
1516
1718
1920
2122
1Ap
plica
tions
pen
ding
at t
hebe
ginn
ing
of th
e ye
ar:
a) Te
rm L
oans
00
4396
010
05
5600
4815
201
b)
Wor
king
Cap
ital
00
00
00
00
00
c) S
pecia
l Cap
ital
00
00
00
00
00
d) B
ridge
loan
s0
00
00
00
00
0TO
TAL
00
4396
010
05
5600
4815
201
2Ap
plica
tions
rece
ived
:a)
Term
Loa
ns0
011
2715
4540
00
147
5276
012
7420
7300
b) W
orki
ng C
apita
l0
00
00
00
00
0c)
Spe
cial C
apita
l0
00
00
00
00
0d)
Brid
ge lo
ans
00
00
00
00
00
TOTA
L0
011
2715
4540
00
147
5276
012
7420
7300
2139
245
0269
069
1263
600
5910
2075
894
4273
9753
1058
1320
2861
23
Tota
l App
licat
ions
:a)
Term
Loa
ns0
011
7016
4141
00
152
5836
013
2222
2501
b) W
orki
ng C
apita
l0
00
00
00
00
0c)
Spe
cial C
apita
l0
00
00
00
00
0d)
Brid
ge lo
ans
00
00
00
00
00
TOTA
L0
011
7016
4141
00
152
5836
013
2222
2501
4Ap
plica
tions
reje
cted
&wi
thdr
awn:
a) Te
rm L
oans
00
5556
640
071
1677
312
622
437
b) W
orki
ng C
apita
l0
00
00
00
00
0c)
Spe
cial C
apita
l0
00
00
00
00
0d)
Brid
ge lo
ans
00
00
00
00
00
TOTA
L0
055
5664
00
7116
773
126
2243
794
127
571
5312
2026
160
503
930
1159
4091
8423
8744
5Ap
plica
tions
con
sider
ed fo
rfin
ancia
l ass
istan
ce:
a) Te
rm L
oans
00
1115
1584
770
081
4158
711
9620
0064
b) W
orki
ng C
apita
l0
00
00
00
00
0c)
Spe
cial C
apita
l0
00
00
00
00
0d)
Brid
ge lo
ans
00
00
00
00
00
TOTA
L0
011
1515
8477
00
8141
587
1196
2000
6420
451
4228
6249
411
4550
157
5620
341
8808
6960
4097
509
1866
110
6Pe
ndin
g ap
plica
tions
as o
n 31
-03-
2014
a) Te
rm L
oans
00
2980
830
09
3672
3811
755
b) W
orki
ng C
apita
l0
00
00
00
00
0c)
Spe
cial C
apita
l0
00
00
00
00
0d)
Brid
ge lo
ans
00
00
00
00
00
TOT A
L0
029
8083
00
937
3811
755
7Ap
plie
d am
ount
inap
plica
tions
sanc
tione
d:a)
Term
Loa
ns0
010
8615
0393
00
7237
915
1158
1883
09b)
Wor
king
Cap
ital
00
00
00
00
00
c) S
pecia
l Cap
ital
00
00
00
00
00
d) B
ridge
loan
s0
00
00
00
00
0TO
TAL
00
1086
1503
930
072
3791
511
5818
8309
2045
142
2861
873
1081
931
5752
2031
985
1562
0243
9659
117
2672
08
Pend
ing
appl
icatio
ns a
s a %
of A
pplic
atio
ns d
ealt
with
:2.
484.
925.
926.
292.
875.
289
Pend
ing
appl
icatio
ns a
s a %
of A
pplic
atio
ns c
onsid
ered
for fi
nanc
ial a
ssist
ance
:2.
605.
1011
.11
8.83
3.18
5.88
6558th Annual Report 2013 - 2014
TABL
E - 2
SAN
CTIO
NS
AND
DIS
BURS
AL O
F LO
ANS
DU
RIN
G T
HE
YEAR
201
3-14
AN
D S
INCE
INCE
PTIO
N U
PTO
31-
03-2
014
(AM
OUN
T `
IN LA
KHS)
Sl.
No.
PART
ICU
LARS
DU
RIN
G 2
013-
14SI
NCE
INCE
PTIO
N T
O 3
1st M
arch
, 201
4Sm
all S
cale
Uni
tsO
ther
sTo
tal
Smal
l Sca
le U
nits
Oth
ers
Tota
lM
ini,C
ompo
site
&Fi
sher
ies
Loan
sG
ener
al L
oans
S.R.
T.O
s.M
ini,C
ompo
site
&Fi
sher
ies
Loan
sG
ener
al L
oans
S.R.
T.O
s.
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
12
34
56
78
910
1112
1314
1516
1718
1920
2122
ASA
NC
TIO
NS:
(Gro
ss)
i) T
ERM
LOAN
S0
010
8696
557
00
7234
977
1158
1315
3420
451
4106
5523
196
1923
5101
1971
483
1153
1775
8909
415
1751
8 ii
) WO
RKIN
G C
APITA
L0
00
00
00
00
00
042
3838
260
01
1442
3938
40iii)
SPE
CIA
L C
APITA
L0
00
00
00
00
00
019
0114
7165
238
972
171
2625
2031
iv) B
RID
GE
LOAN
S0
00
00
00
00
00
049
861
30
013
588
763
315
00TO
TAL
(A)
00
1086
9655
70
072
3497
711
5813
1534
2045
141
0661
868
9678
3357
5320
102
8519
5328
4796
591
1524
888
BLO
AN R
EVIV
ALS:
i) T
ERM
LOAN
S0
023
3839
00
337
4726
7587
236
8230
121
968
2812
571
2606
063
648
236
ii) W
ORK
ING
CAP
ITAL
00
00
00
00
00
00
6273
00
00
6273
iii) S
PEC
IAL
CAP
ITAL
00
00
00
00
00
00
42
65
00
106
iv) B
RID
GE
LOAN
S0
00
00
00
00
00
00
00
00
00
0TO
TAL
(B)
00
2338
390
03
3747
2675
8723
682
367
2204
434
130
7126
060
708
4831
5C
CAN
CEL
LATI
ON
S: i
) TER
M LO
ANS
00
190
3509
20
011
9242
201
4433
438
4916
8811
243
2961
6112
0757
4586
614
7521
1716
545
1115
ii) W
ORK
ING
CAP
ITAL
00
00
00
00
00
00
1814
1785
00
114
1815
1799
iii) S
PEC
IAL
CAP
ITAL
00
00
00
00
00
00
342
232
103
7329
9147
439
6 iv
) BRI
DG
E LO
ANS
00
00
00
00
00
00
9317
50
025
159
118
334
TOTA
L (C
)0
019
035
092
00
1192
4220
144
334
3849
1688
1349
229
8353
1310
5818
921
1477
8519
572
4536
45D
NET
SAN
CTI
ON
S: i
) TER
M LO
ANS
00
919
6530
40
064
2948
298
394
786
1683
825
0044
289
6877
3039
2214
094
7516
4103
1472
565
1114
638
ii) W
ORK
ING
CAP
ITAL
00
00
00
00
00
00
2486
2115
00
00
2486
2114
iii) S
PEC
IAL
CAP
ITAL
00
00
00
00
00
00
1563
1241
555
320
4380
2161
1641
iv) B
RID
GE
LOAN
S0
00
00
00
00
00
040
543
80
011
072
851
511
66TO
TAL
(D)
00
919
6530
40
064
2948
298
394
786
1683
825
0048
743
6915
2344
7714
414
7669
4111
2177
727
1119
559
ELO
ANS
DIS
BURS
ED:
i) T
ERM
LOAN
S0
010
4069
277
00
5018
999
1090
8827
616
838
2500
4400
863
7616
3922
1409
474
9438
1377
7226
210
3558
7 ii
) WO
RKIN
G C
APITA
L0
00
00
00
00
00
024
8621
140
00
024
8621
14iii)
SPE
CIA
L C
APITA
L0
00
00
00
00
00
015
6312
4155
532
043
8021
6116
41 iv
) BRI
DG
E LO
ANS
00
00
00
00
00
00
405
438
00
110
729
515
1166
TOTA
L (E
)0
010
4069
277
00
5018
999
1090
8827
616
838
2500
4846
264
1409
4477
1441
476
4738
2185
7742
410
4050
8
ADD
ITIO
NAL
IN
FORM
ATIO
N:
FC
LASS
IFIC
ATIO
N O
F
LO
AN C
ANC
ELLA
TIO
NS:
a) O
ut o
f Cur
rent
ye
ar’s
sanc
tions
: i
) TER
M LO
ANS
00
7112
044
00
519
2976
1397
3 ii
) WO
RKIN
G C
APITA
L0
00
00
00
00
0iii)
SPE
CIA
L C
APITA
L0
00
00
00
00
0 iv
) BRI
DG
E LO
ANS
00
00
00
00
00
TOTA
L 0
071
1204
40
05
1929
7613
973
b) O
ut o
f Pre
vious
year
’s sa
nctio
ns:
i) T
ERM
LOAN
S0
011
923
048
00
673
1312
530
362
ii) W
ORK
ING
CAP
ITAL
00
00
00
00
00
iii) S
PEC
IAL
CAP
ITAL
00
00
00
00
00
iv) B
RID
GE
LOAN
S0
00
00
00
00
0TO
TAL
00
119
2304
80
06
7313
125
3036
2G
EFFE
CTI
VE S
ANC
TIO
NS:
(A +
B -
F(a)
) i
) TER
M LO
ANS
00
1038
8835
20
070
3679
611
0812
5148
ii) W
ORK
ING
CAP
ITAL
00
00
00
00
00
iii) S
PEC
IAL
CAP
ITAL
00
00
00
00
00
iv
) BRI
DG
E LO
ANS
00
00
00
00
00
TOTA
L (G
)0
010
3888
352
00
7036
796
1108
1251
48
NO
TE: T
HE
CU
MU
LATI
VE F
IGU
RES
REPR
ESEN
T RE
VIVA
LS O
NLY
FRO
M 1
988-
89 O
NW
ARD
S.
Andhra Pradesh State Financial Corporation
66 58th Annual Report 2013 - 2014
TABL
E - 3
SCH
EME-
WIS
E CL
ASS
IFIC
ATIO
N O
F SA
NCT
ION
S A
ND
DIS
BURS
EMEN
TS,V
ALU
E O
F O
UTP
UT
AN
D E
MPL
OYM
ENT
GEN
ERAT
ED D
URI
NG
TH
E YE
AR
2013
-14
(AM
OU
NT
` IN
LAK
HS)
Sl.
No.
SCH
EME
OF
ASS
ISTA
NCE
GRO
SS S
AN
CTIO
NS
EFFE
CTIV
E SA
NCT
ION
SD
ISBU
RSEM
ENTS
VALU
E O
F O
UTP
UT
EMPL
OYM
ENT
GEN
ERAT
EDN
o.A
mou
ntN
o.A
mou
ntN
o.A
mou
ntA
mou
ntN
o.A)
TE
RM LO
ANS
& W
ORK
ING
CAP
ITAL
1C
GTM
SE4
134
413
41
1727
140
2C
omm
ercia
l Com
plex
es6
3150
735
002
441
1221
713
23
Cor
pora
te L
oan
Sch
eme
1344
9013
4490
1231
4624
808
983
4C
orpo
rate
Loa
n fo
r CRE
Sec
tor
214
352
1435
214
3566
5749
5D
G S
ets
463
357
711
025
3815
06
Elec
tro-M
edica
l Equ
ipm
ent S
chem
e1
351
451
3513
332
7En
terta
inm
ent /
Rec
reat
ion
00
00
050
00
8Ex
port
Orie
nted
Sch
eme
00
00
072
00
9G
ood
Entre
pren
eur S
chem
e(Te
rm L
oans
)13
3166
1230
4911
1906
7564
810
5610
Hos
pita
ls, N
ursin
g H
omes
117
117
155
520
411
Hot
els,
Mot
els,
Resta
uran
ts &
Con
vent
ion
Cen
ters
213
762
1493
215
3219
7620
012
Mar
ketin
g O
f SSI
and
oth
er P
rodu
cts25
411
534
246
1041
726
411
284
9146
318
3013
Mod
erni
satio
n3
125
312
12
3824
010
014
MSM
E-M
TL S
chem
e25
628
381
245
2575
126
323
140
1664
4810
031
15M
TL to
Goo
d En
trepr
eneu
rs a
t Con
cess
iona
l Te
rms
00
00
213
460
016
Nor
mal
Sch
eme
- Gen
eral
Loa
ns29
358
430
279
5653
024
930
469
4013
9878
17Pr
actic
ing
Doc
tors
& E
xistin
g N
ursin
g H
omes
for A
cqui
ring
Fixe
d As
sets
244
5664
230
5269
227
5155
7221
1100
18Pu
rcha
se o
f Exis
ting
Asse
ts5
1792
517
924
463
1095
417
919
Resid
entia
l Com
plex
es18
8175
1671
758
3159
1761
768
520
Risk
Cap
ital F
und
Sche
me
00
285
285
00
21SC
/ST
New
Sch
eme-
TL
To ‘S
C’ E
ntre
pren
eurs
414
14
164
1166
116
248
22SC
/ST-
New
Sch
eme-
Tl T
o ‘S
T’ E
ntre
pren
eurs
280
315
33
163
345
3423
Seni
or S
ucce
ssfu
l Ent
repr
eneu
r (Te
rm L
oan)
124
01
240
120
150
024
24Si
ngle
Win
dow
Sche
me
(Term
Loa
n)5
293
529
31
3916
969
25Si
ngle
Win
dow
Sche
me
(WC
TL)
634
26
342
00
233
8126
Supe
r Ent
repr
eneu
r Sch
eme
(Term
Loa
n)1
180
303
112
6775
782
27Te
chno
logy
Upg
rada
tion
(RTU
F) -
Texti
les
165
01
650
00
6373
343
28Tr
ansp
ort L
oans
- O
ther
s4
143
414
32
104
208
1529
Tran
spor
t Loa
ns -
Pass
enge
r Bus
es /
Vehi
cles
347
347
347
5411
30W
orki
ng C
apita
l Loa
n (W
CTL
)1
301
301
533
431
Wor
king
Cap
ital T
erm
Loa
ns (W
CTL
)11
1582
914
227
1352
1177
139
0T
O T
A L
(A)
1158
1315
3411
0812
5148
1090
8827
644
2829
2755
0B)
SPEC
IAL
CAP
ITAL
ASSI
STAN
CE
00
00
00
00
C)
BRID
GE
LOAN
S0
00
00
00
0TO
TAL
OF
(A+
B+C
)11
5813
1534
1108
1251
4810
9088
276
4428
2927
550
D)
SEED
CAP
ITAL:
a)
Mah
ila U
dyam
Nid
hi S
chem
e0
00
00
0b)
Ex-
Serv
icem
en S
chem
e0
00
00
0c)
Nat
iona
l Equ
ity F
und
Sche
me
00
00
00
TOTA
L O
F SE
ED C
APITA
L0
00
00
0E)
I.D.B
.I./S
IDBI
See
d C
apita
l0
00
00
0
NO
TE:
1) U
nder
the
abov
e sc
hem
es a
ssist
ance
is e
xtend
ed a
lso to
SC
/ST
entre
pren
eurs
. For
furth
er d
etai
ls Ta
ble-
18 m
ay b
e re
ferre
d.
2) W
orki
ng C
apita
l Num
ber a
nd A
mou
nts a
re in
clude
d in
the
abov
e sta
tem
ent.
6758th Annual Report 2013 - 2014
TABL
E - 4
IND
UST
RY-W
ISE
CLAS
SIFI
CATI
ON
OF
TERM
LO
ANS
SAN
CTIO
NED
(EFF
ECTI
VE),
DIS
BURS
ED D
URI
NG
TH
E YE
AR 2
013-
14(A
MO
UN
T `
IN L
AKH
S)
SL NO
TYPE
OF
IND
UST
RY
S M
A L
L
S C
A L
E
U N
I T
SO
THER
UN
ITS
ALL
UN
ITS
Min
i,Com
posi
te &
Fis
heri
es L
oans
Gen
eral
Loa
nsSA
NCT
ION
SAM
OU
NT
DIS
BURS
EDSA
NCT
ION
SAM
OU
NT
DIS
BURS
EDSA
NCT
ION
SAM
OU
NT
DIS
BURS
EDSA
NCT
ION
SAM
OU
NT
DIS
BURS
EDN
oAm
ount
No
Amou
ntN
oAm
ount
No
AMO
UN
T1
Food
pro
ducts
:a)
Sug
ar0
00
115
00
00
115
0b)
Oth
ers
00
073
8086
5490
617
1546
579
9801
5955
2Be
vera
ge &
Toba
cco
prod
ucts:
a)
Bev
erag
e In
dustr
y0
00
335
627
82
1381
05
1737
278
b)
Toba
cco
prod
ucts
00
01
2540
00
321
2572
3Te
xtile
s:a)
Cot
ton
00
022
2979
5062
423
6082
726
5339
5888
b) Ju
te0
00
170
170
00
01
7017
0c)
Oth
ers
00
031
1007
907
512
4824
836
2255
1154
4W
ood
prod
ucts
00
08
665
270
00
08
665
270
5Pa
per &
pap
er p
rodu
cts0
00
1481
863
93
915
915
1717
3315
546
Prin
ting
& pu
blish
ing
00
04
173
461
00
04
173
461
7Le
athe
r pro
ducts
00
03
400
400
00
03
400
400
8Ru
bber
pro
ducts
00
016
2247
454
00
7116
2247
525
9C
hem
ical p
rodu
cts:
a)
Bas
ic In
dustr
ial C
hem
icals
Oth
er th
an F
ertil
izers
00
011
1479
625
00
011
1479
625
b)
Oth
er c
hem
icals
and
chem
ical p
rodu
cts0
00
9411
956
8536
421
6919
1598
1412
510
451
c)
Fer
tilize
rs0
00
632
832
31
512
140
784
046
310
Non
-Met
allic
Min
eral
pro
ducts
:
a) N
on-M
etal
lic M
iner
al p
rodu
cts0
00
7247
3771
175
3277
1414
7780
1485
31
b) C
emen
t0
00
115
300
00
115
3011
Tran
spor
t veh
icles
,equ
ipm
ent &
Spa
re p
arts
00
016
660
636
00
016
660
636
12Pe
trole
um p
rodu
cts0
00
1122
8818
410
033
411
2288
2174
13Ba
sic M
etal
Indu
stry:
a) Ir
on a
nd st
eel
00
025
4796
3159
429
5013
2529
7747
4485
b) N
on-fe
rrous
00
011
288
130
00
011
288
130
14M
etal
pro
ducts
Exc
ept M
achi
nery
and
Tran
spor
t Equ
ipm
ent
00
032
3144
1776
150
00
3336
4417
7615
Mac
hine
ry e
xcep
t ele
ctrica
l Mac
hine
ry0
00
4940
8922
431
350
363
5044
3926
0616
Elec
trica
l Mac
hine
ry &
app
lianc
es0
00
1623
3292
62
1410
300
1837
4212
2617
Misc
. Man
ufac
ture
indu
stry
00
019
1384
1155
00
019
1384
1155
18G
as M
anuf
actu
re(in
dustr
ial &
dom
estic
)0
00
00
00
00
00
019
Med
ical l
oans
00
023
253
1656
970
033
232
5316
5730
20Fi
sher
ies l
oans
00
00
00
00
00
00
21El
ectri
city
gene
ratio
n &
supp
lies
00
00
00
00
00
00
21Se
rvice
sa)
Hot
els
00
00
117
154
213
7613
782
1493
1532
b) R
oad
Tran
spor
t
i) S
RTO
s0
00
00
00
00
00
0
ii) O
ther
s0
00
838
834
80
00
838
834
8c)
Oth
er se
rvice
s0
00
8965
6966
911
6060
9066
2967
5123
Oth
er In
dustr
ies
00
016
921
624
1372
229
1657
291
7919
838
196
2290
1TO
TAL
00
010
3888
352
6927
770
3679
618
999
1108
1251
4888
276
Andhra Pradesh State Financial Corporation
68 58th Annual Report 2013 - 2014
TABL
E - 5
REG
ION
/ D
ISTR
ICT-
WIS
E CL
ASSI
FICA
TIO
N O
F TE
RM L
OAN
S SA
NCT
ION
ED( E
FFEC
TIVE
) AN
D D
ISBU
RSED
DU
RIN
G T
HE
YEAR
201
3-14
(AM
OU
NT
` IN
LAK
HS)
SL.
NO
.D
ISTR
ICTS
SMAL
L SC
ALE
UN
ITS
OTH
ER U
NIT
SAl
l UN
ITS
Min
i, Co
mp.
Loa
ns &
Fis
heri
es L
oans
Gen
eral
Loa
nsSa
nctio
nsD
isbu
r-se
men
tsSa
nctio
nsD
isbu
r-se
men
tsSa
nctio
nsD
isbu
r-se
men
tsSa
nctio
nsD
isbu
r-se
men
tsN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
nt1
HYD
ERAB
AD0
00
3152
0941
477
5660
1865
3810
869
6012
2*
KHAM
MAM
00
036
1628
1529
111
8830
3728
1615
603
*N
ALG
ON
DA0
00
4182
6946
310
026
4182
6946
584
*M
AHAB
OO
BNAG
AR0
00
2460
1458
112
1060
387
2670
7461
98*
TOTA
L0
00
132
2111
916
118
1079
0823
0914
229
027
1842
75
RAN
GA
RED
DY0
00
6797
0871
2413
6849
3854
8016
558
1097
96
*M
EDAK
00
072
1188
465
672
800
1941
7412
684
8508
TOTA
L0
00
139
2159
213
691
1576
4957
9515
429
242
1948
77
GU
NTU
R0
00
4630
3433
304
1250
1366
5042
8446
968
EAST
GO
DAVA
RI0
00
1818
1423
773
2100
700
2139
1430
779
KRIS
HN
A0
00
3956
6141
713
700
790
4263
6149
6110
VISA
KHAP
ATN
AM0
00
2633
1719
924
2250
1833
3055
6738
2511
*SR
IKAK
ULA
M0
00
2196
191
52
400
400
2313
6113
1512
WES
T G
ODA
VARI
00
039
1783
2538
714
2712
7246
3210
3810
13VI
ZIAN
AGAR
AM0
00
2617
4111
160
066
2617
4111
82TO
TAL
00
021
518
312
1643
923
8127
6428
238
2643
922
867
14*
ANAN
THAP
UR
00
035
2051
2551
214
7261
437
3524
3164
15*
KURN
OO
L0
00
4216
6014
613
1000
317
4526
6017
7816
*N
ELLO
RE0
00
5934
1423
291
435
604
6038
4929
3317
*C
HIT
TOO
R0
00
4838
4628
7110
7639
2262
5811
485
5133
18*
CU
DDA
PAH
00
013
142
9937
760
00
131
4299
3776
19*
PRAK
ASAM
00
057
3750
3991
216
5012
5954
0040
03TO
TAL
00
037
219
020
1697
718
1219
738
0939
031
216
2078
620
*N
IZAM
ABAD
00
021
657
469
00
021
657
469
21*
WAR
ANG
AL0
00
5131
1322
691
100
052
3213
2269
22*
ADILA
BAD
00
031
1262
1337
278
7833
1340
1414
23*
KARI
MN
A GAR
00
077
3277
1977
173
758
178
4014
2558
TOTA
L0
00
180
8309
6051
491
565
818
492
2467
10TO
TAL
OF
AND
HRA
PRA
DES
H0
00
1038
8835
269
277
7036
796
1899
911
0812
5148
8827
6TO
TAL
OF
CO
ASTA
L AN
DH
RA0
00
331
2547
522
759
2610
212
7044
357
3568
729
803
TOTA
L O
F RA
YALA
SEEM
A0
00
256
1185
610
658
1510
112
3193
271
2196
813
850
TOTA
L O
F TE
LAN
GAN
A0
00
451
5102
135
861
2916
412
8762
480
6743
344
623
TOTA
L O
F BA
CKW
ARD
DIS
TS.
00
073
350
468
4114
528
1642
271
0474
271
303
4831
9N
OTE
: 1.
Term
loan
s (Ef
fecti
ve) r
epre
sent
s Gro
ss S
ancti
ons p
lus R
eviva
ls of
the
Cur
rent
Yea
r les
s Can
cella
tions
per
tain
ing
to C
urre
nt Y
ears
’ San
ction
s.
2.
* Ind
icate
s ass
istan
ce to
Cen
tral B
ackw
ard
Dist
ricts
6958th Annual Report 2013 - 2014
TABL
E - 6
BR
AN
CH
- W
ISE
, O
PER
ATI
ON
- W
ISE
SAN
CTI
ON
S , D
ISB
UR
SEM
ENTS
AN
D R
ECO
VER
IES
D
UR
ING
TH
E YE
AR
2013-1
4(A
MO
UN
T `
IN L
AKH
S)
SL. N
OB
RA
NC
H N
AM
EG
RO
SS SA
NC
TIO
NS
DIS
BU
RSE
MEN
TSR
ECO
VER
IES
PR
INC
IPA
LA
MO
UN
T I
NTE
RES
TA
MO
UN
T T
OTA
LA
MO
UN
TN
O.
AM
OU
NT
NO
.A
MO
UN
T
1H
YDER
ABA
D43
1198
6.00
3560
11.6
558
13.5
328
09.7
186
23.2
42
KHA
MM
AM
4031
43.3
042
1559
.70
1244
.77
599.
9318
44.7
03
NA
LGO
ND
A39
8491
.62
3746
57.7
542
74.3
726
37.3
069
11.6
74
MA
HA
BUBN
AG
AR
3187
23.1
030
6197
.70
3828
.03
2511
.93
6339
.96
5O
PERN
-I T
OTA
L15
332
344.
0214
418
426.
8015
160.
7085
58.8
723
719.
576
RAN
GA
RED
DY-
W41
1314
6.80
2869
77.5
446
95.1
428
98.8
375
93.9
77
RAN
GA
RED
DY-
E48
6262
.25
5040
01.3
447
25.3
527
46.7
074
72.0
58
SAN
GA
RED
DY
3352
60.9
029
3467
.74
2639
.20
1993
.18
4632
.38
9R.
C.P
URA
M44
7856
.50
3450
39.9
134
52.3
820
73.2
855
25.6
610
OPE
RN-I
I TO
TAL
166
3252
6.45
141
1948
6.53
1551
2.07
9711
.99
2522
4.06
11G
UN
TUR
5545
28.0
053
4696
.30
2941
.22
1971
.22
4912
.44
12RA
JAH
MU
ND
RY26
6081
.00
2730
77.2
423
85.3
914
76.4
738
61.8
613
VIJA
YAW
AD
A46
6028
.39
3849
61.3
737
22.1
119
34.4
656
56.5
714
VIZA
G29
5277
.59
2838
24.7
530
50.3
217
60.8
448
11.1
615
SRIK
AKU
LAM
2215
34.7
026
1314
.71
1217
.69
271.
4614
89.1
516
ELU
RU46
2985
.62
5038
10.4
629
14.5
818
63.9
847
78.5
617
VIZI
AN
AG
ARA
M27
1975
.60
2311
82.0
114
85.6
751
5.93
2001
.60
18O
PERN
-III
TOTA
L25
128
410.
9024
522
866.
8517
716.
9897
94.3
627
511.
3419
AN
AN
TAPU
R38
3243
.00
4931
64.2
324
02.9
121
08.7
245
11.6
320
KURN
OO
L46
2339
.14
4317
78.0
128
09.6
119
07.2
847
16.8
921
NEL
LORE
5938
61.3
559
2933
.15
2038
.63
1437
.30
3475
.93
22TI
RUPA
THI
5996
72.3
553
5132
.54
3130
.53
2034
.43
5164
.96
23KA
DA
PA13
343
50.6
112
637
75.5
023
96.7
913
82.4
837
79.2
724
ON
GO
LE60
5438
.21
7340
02.8
917
48.5
715
54.0
333
02.6
025
OPE
RN-I
V TO
TAL
395
2890
4.66
403
2078
6.32
1452
7.03
1042
4.24
2495
1.28
26N
IZA
MA
BAD
2065
6.00
1746
8.53
462.
4887
.43
549.
9127
WA
RAN
GA
L57
3485
.20
5122
68.6
412
34.0
710
11.4
322
45.5
028
MA
NC
HER
IAL
3817
39.8
630
1414
.41
774.
8237
3.50
1148
.32
29KA
RIM
NA
GA
R78
3466
.51
5925
57.9
614
26.0
386
8.04
2294
.07
30O
PD-V
TO
TAL
193
9347
.57
157
6709
.55
3897
.40
2340
.40
6237
.80
31G
RAN
D T
OTA
L11
5813
1533
.60
1090
8827
6.05
6681
4.18
4082
9.86
1076
44.0
5
Andhra Pradesh State Financial Corporation
70 58th Annual Report 2013 - 2014
TABL
E-7
AR
EA-W
ISE
CLA
SSIF
ICA
TIO
N O
F TE
RM
LO
AN
S SA
NC
TIO
NED
(EFF
ECTI
VE)
& D
ISB
UR
SED
DU
RIN
G T
HE
YEA
R 2
013-1
4(A
MO
UN
T `
IN L
AKH
S)SL NO
Pa
rtic
ula
rsEf
fect
ive S
an
ctio
ns
Dis
bu
rsem
en
tsN
o.
Am
ou
nt
No.
Am
ou
nt
1Ba
ckw
ard
Are
as d
ecla
red
byC
entr
al G
ovt.(
As
per
loca
tion
)a)
Cat
egor
y A
00
00
b) C
ateg
ory
B0
030
1099
c)
Cat
egor
y C
132
4312
9727
47
2Ba
ckw
ard
Are
as d
ecla
red
bySt
ate
Gov
t. ( A
s pe
r lo
catio
n )
451
4108
740
322
203
3O
ther
are
as n
ot c
over
edun
der
(1) a
nd (2
) abo
ve52
579
749
560
6222
8T
O T
A L
1108
1251
4810
9088
276
TABL
E -
8C
ON
STIT
UTI
ON
-WIS
E C
LASS
IFIC
ATI
ON
OF
TER
M L
OA
NS
SAN
CTI
ON
ED (
EFFE
CTI
VE)
AN
D D
ISB
UR
SED
DU
RIN
G T
HE
YEA
R 2
013-1
4(A
MO
UN
T `
IN L
AKH
S)
SL No.
CO
NST
ITU
TIO
N
EFFE
CTI
VE
SAN
CTI
ON
SA
MO
UN
T D
ISB
UR
SED
SSI
OTH
ERS
TOTA
LSS
IO
THER
STO
TAL
No.
Am
ou
nt
No.
Am
ou
nt
No.
Am
ou
nt
No.
Am
ou
nt
No.
Am
ou
nt
No.
Am
ou
nt
1Pu
blic
Lim
ited
Com
pani
es8
2180
943
6017
6540
917
539
3174
1849
27
2Pr
ivat
e Li
mite
d C
ompa
nies
111
3363
038
2591
914
959
549
9723
168
2110
970
118
3413
8
3C
o-op
erat
ives
1069
10
010
691
1212
340
012
1234
4Pa
rtne
rshi
p C
once
rns
214
2417
519
6111
233
3028
621
217
297
1645
4722
821
843
5Jo
int H
indu
Fam
ily C
once
rns
148
00
148
00
00
00
6So
le P
ropr
ieto
ry c
once
rns
693
2761
84
406
697
2802
371
025
826
430
971
426
134
7O
ther
s 1
110
01
110
00
00
0
T O
T A
L10
3888
352
7036
796
1108
1251
4810
4069
277
5018
999
1090
8827
6
7158th Annual Report 2013 - 2014
TABL
E -9
SEC
TOR-W
ISE
CLA
SSIF
ICA
TIO
N O
F TE
RM
LO
AN
SSA
NC
TIO
NED
(EF
FEC
TIV
E) A
ND
DIS
BU
RSE
D D
UR
ING
TH
E YE
AR
2013-1
4 (A
MO
UN
T `
IN L
AKH
S)
SL.
No.
EF
FEC
TIV
E SA
NC
TIO
NS
DIS
BU
RSE
MEN
TSA
mou
nt
Nu
mb
er
Am
ou
nt
1Tr
ansp
ort:
a) S
RTO
s0
00
b)
Oth
ers
838
834
82
SSI:
a) T
iny
Sect
or0
00
(In
clud
ing
Com
posi
te L
oans
)
b) A
ncill
arie
s6
892
773
c) O
ther
SSI
Uni
ts10
2386
973
6815
63
OTH
ERS
7136
896
1899
9TO
TAL
1108
1251
4888
276
TABL
E-10
SI
ZE-
WIS
E C
LASS
IFIC
ATI
ON
OF
TER
M L
OA
NS
SAN
CTI
ON
ED (
GR
OSS
) D
UR
ING
2013-1
4
(
AM
OU
NT
` IN
LA
KHS)
LOA
N A
MO
UN
TG
ross
Sa
nct
ion
sd
uri
ng
th
e y
ea
rSa
nct
ion
s si
nce
ince
pti
on
to 3
1.0
3.2
014
Nu
mb
er
Am
ou
nt
Nu
mb
er
Am
ou
nt
Upt
o Rs
.10,
000
00
8908
232
Rs.
10
,001
to R
s.
25,
000
00
7175
1408
Rs.
25
,001
to R
s.
50,
000
00
1158
346
73Rs
.
50,0
01 to
Rs.
1,0
0,00
00
057
3541
84Rs
. 1,
00,0
01 to
Rs.
2,0
0,00
00
094
7815
133
Rs.
2,00
,001
to R
s. 5
,00,
000
416
1558
450
816
Rs.
5,00
,001
to R
s. 7
,50,
000
532
5888
3765
4Rs
. 7,
50,0
01 to
Rs.
10,0
0,00
061
602
3883
3664
4Rs
.10,
00,0
01 to
Rs.
20,0
0,00
023
036
5774
6411
6891
Rs.2
0,00
,001
to R
s.30
,00,
000
259
7386
5450
1446
68Rs
.30,
00,0
01 to
Rs.
45,0
0,00
084
3192
1831
6911
7A
bove
Rs.
45,0
0,00
051
511
6650
6115
1036
098
T O
T A
L11
5813
1534
8909
415
1751
7
TABL
E-11
PR
OJE
CT
CO
ST-W
ISE
CLA
SSIF
ICA
TIO
N O
F TE
RM
LO
AN
SSA
NC
TIO
NED
DU
RIN
G T
HE
YEA
R 2
013-1
4
(
AM
OU
NT
` IN
LA
KHS)
SL No.
Pro
ject
Cost
GR
OSS
SA
NC
TIO
NS
Nu
mb
er
Am
ou
nt
1U
pto
Rs.5
0 la
khs
471
1070
32
Rs.5
0.00
lakh
s to
Rs.
100.
00 la
khs
282
1230
73
Rs.1
00.0
0 la
khs
to R
s.20
0.00
lakh
s15
212
028
4Rs
.200
.00
lakh
s to
Rs.
500.
00 la
khs
116
2461
65
Rs.5
00.0
0 la
khs
to R
s.75
0.00
lakh
s45
1474
76
Rs.7
50.0
0 la
khs
to R
s.10
00.0
0 la
khs
2490
667
Rs.1
000.
00 la
khs
to R
s.12
50.0
0 la
khs
1880
628
Rs.1
250.
00 la
khs
to R
s.15
00.0
0 la
khs
1290
469
Rs.1
500.
00 la
khs
and
Abo
ve38
3095
8T
O T
A L
1158
1315
34
Andhra Pradesh State Financial Corporation
72 58th Annual Report 2013 - 2014
TABL
E-12
PURP
OSE
-WIS
E CL
ASSI
FICA
TIO
N O
F TE
RM L
OAN
S SA
NCT
ION
ED D
URI
NG
TH
E YE
AR 2
013-
14 (A
MO
UN
T `
IN L
AKH
S)
SL. N
o.PU
RPO
SEG
ROSS
SAN
CTIO
NS
EFFE
CTIV
E SA
NCT
ION
SSS
IO
THER
STO
TAL
SSI
OTH
ERS
TOTA
LN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
ntN
o.Am
ount
No.
Amou
nt1
New
Pro
jects
409
4721
633
2110
544
268
321
391
4226
735
2435
042
666
618
2Ex
pans
ion
665
4787
736
1266
070
160
537
636
4463
132
1123
466
855
865
3D
ivers
ifica
tion
00
00
00
00
00
00
4Re
habi
litat
ion
130
00
130
130
00
130
5Re
plac
emen
t / M
oder
nisa
tion
714
052
1162
925
677
1401
211
629
2563
6Po
wer g
ener
atio
n3
131
504
632
81
493
577
Ove
r-run
fina
nce
115
00
115
115
00
115
8O
ther
s0
00
00
00
00
00
0T
O T
A L
1086
9655
772
3497
711
5813
1534
1038
8835
270
3679
611
0812
5148
TABL
E-13
MAT
URI
TY-W
ISE
CLAS
SIFI
CATI
ON
OF
TERM
LO
ANS
SAN
CTIO
NED
(EFF
ECTI
VE) D
URI
NG
TH
E YE
AR 2
013-
14 (A
MO
UN
T `
IN L
AKH
S)
SL. N
o.Pa
rtic
ular
sEF
FECT
IVE
SAN
CTIO
NS
TOTA
LSS
IO
THER
SN
o.Am
ount
No.
Amou
ntN
o.Am
ount
1Le
ss th
an 1
yea
r7
927
00
792
72
Abov
e 1
to 5
yea
rs58
739
490
5018
576
637
5806
63
Abov
e 5
to 7
yea
rs36
128
345
1268
1637
335
161
4Ab
ove
7 to
10
year
s83
1959
08
1140
391
3099
35
Abov
e 10
yea
rs0
00
00
0T
O T
A L
1038
8835
270
3679
611
0812
5148
TABL
E - 1
4LO
AN T
YPEW
ISE
CLAS
SIFI
CATI
ON
OF
SAN
CTIO
NS,
DIS
BURS
EMEN
TS A
ND
OU
TSTA
ND
ING
AS
ON
201
3-14
(AM
OU
NT
` IN
LAK
HS)
SL NO
DES
CRIP
TIO
N
SAN
CTIO
NS
DIS
BURS
EMEN
TSAM
OU
NT
OU
TSTA
ND
ING
AS
ON
31/
03/2
014
2012
-13
(Gro
ss)
2013
-14
(Gro
ss)
Sinc
e In
cept
ion
to31
-3-2
014
(Net
Effe
ctiv
e)20
12-1
320
13-1
4SI
NCE
ince
ptio
n to
31/
03/2
014
NO
AMO
UN
TN
OAM
OU
NT
NO
AMO
UN
TAM
OU
NT
AMO
UN
TAM
OU
NT
AMO
UN
T1
Loan
sa)
Term
Loa
ns14
3414
3012
1158
1315
3472
565
1114
638
9514
188
276
1035
587
3275
64b)
Wor
king
Cap
ital
00
00
2486
2114
00
2114
331
c) B
ridge
Loa
ns0
00
051
511
660
011
666
2Sp
ecia
l Cap
ital A
ssist
ance
00
00
2161
1641
00
1641
216
3U
nder
writi
ngs:
a)O
rdin
ary
and
Pref
eren
ce S
hare
s0
00
025
880
065
0b)
Deb
entu
res
00
00
434
00
340
4G
uara
ntee
s:G
uara
ntee
s for
loan
s0
00
032
213
00
195
TOTA
L14
3414
3012
1158
1315
3477
788
1119
893
9514
188
276
1040
803
3281
18N
B :
Amou
nt O
utsta
ndin
g re
pres
ents
Prin
cipal
and
Inte
rest
7358th Annual Report 2013 - 2014
TABL
E - 1
5 IN
DU
STRY
-WIS
E CL
ASSI
FICA
TIO
N O
F TE
RM L
OAN
S SA
NCT
ION
ED (N
ET E
FFEC
TIVE
), D
ISBU
RSED
AN
D O
UTS
TAN
DIN
G A
S O
N 3
1-03
-201
4(A
MO
UN
T `
IN L
AKH
S)
SL No
Type
of I
ndus
try
SMAL
L SC
ALE
UN
ITS
OTH
ER U
NIT
SAL
L U
NIT
SM
ini,C
ompo
site
and
fish
erie
s Lo
ans
Gen
eral
Loa
nsSa
nctio
nsAm
ount
Amou
ntSa
nctio
nsAm
ount
Amou
ntSa
nctio
nsAm
ount
Amou
ntSa
nctio
nsAm
ount
Amou
ntN
oAm
ount
Disb
urse
dO
utst
andi
ngN
oAm
ount
Disb
urse
dO
utst
andi
ngN
oAm
ount
Disb
urse
dO
utst
andi
ngN
oAm
ount
Disb
urse
dO
utst
andi
ng1
Food
pro
ducts
:*
a)Su
gar
186
60
1553
211
50
385
050
079
3613
8862
179
b)O
ther
s19
1535
735
723
7556
1039
7386
554
1815
229
534
602
2601
054
3997
6613
8932
1129
2123
614
2Be
vera
ge &
Toba
cco
prod
ucts:
a)
Beve
rage
Indu
stry
152
20
413
7400
5025
1067
7846
9931
2643
950
612
102
8153
1506
*
b)To
bacc
o pr
oduc
ts3
11
051
920
843
454
595
587
485
5815
1514
3153
03
Texti
les:
*a)
Cot
ton
1990
387
387
573
822
863
1856
093
0363
1515
497
6736
3027
9138
404
2871
412
938
*b)
Jute
00
00
7429
1625
2424
345
2782
2370
9011
956
9848
9333
4c)
Oth
ers
3269
649
649
3317
5813
740
1162
432
9214
747
3735
9236
651
7419
127
1586
536
914
Woo
d pr
oduc
ts80
117
117
17
1023
5042
3996
742
1573
973
253
018
3959
5349
0012
785
Pape
r & p
aper
pro
ducts
6818
180
906
1860
013
864
2876
116
1277
411
701
2572
1090
3139
125
583
5449
6Pr
intin
g &
publ
ishin
g17
755
551
1633
1157
010
914
1629
6733
4219
620
1877
1496
712
931
1630
7Le
athe
r pro
ducts
496
7171
319
641
5736
8799
713
231
224
070
544
5839
8210
008
Rubb
er p
rodu
cts96
3232
273
412
269
8672
1256
2821
4522
1439
785
814
446
1091
716
559
Che
mica
l pro
ducts
:
*
a)Ba
sic In
dustr
ial C
hem
icals
Oth
er th
an
ferti
lizer
s0
00
029
711
104
8456
1512
4335
0833
6614
934
014
612
1182
216
61
b)
Oth
er c
hem
icals
and
chem
ical p
rodu
cts14
324
239
3535
9903
976
267
2376
633
235
963
3035
658
7440
1013
5026
1066
4629
649
*
c)Fe
rtiliz
ers
00
00
241
6189
5238
2022
3941
4435
0241
528
010
334
8740
2437
10N
on-M
etal
lic M
iner
al p
rodu
cts:
a)
Non
-Met
allic
Min
eral
pro
ducts
1336
264
264
147
5065
678
5417
417
518
204
1448
710
585
3291
6290
8042
965
024
2081
0
*b)
Cem
ent
114
40
144
4779
4448
276
1015
8815
2310
316
563
7259
7537
911
Tran
spor
t veh
icles
,equ
ipm
ent &
Spa
re p
arts
121
10
316
6420
4636
1320
4229
7629
270
370
9398
7564
1321
12Pe
trole
um p
rodu
cts9
22
026
860
6843
9421
2710
1525
1214
744
287
7595
5610
2871
13Ba
sic M
etal
Indu
stry:
a)Iro
n an
d ste
el26
55
079
542
304
3456
270
3014
128
460
2069
783
0496
270
769
5526
415
334
*b)
Non
-ferro
us2
11
115
344
2235
7551
416
579
425
5117
150
0240
0156
514
Met
al p
rodu
cts e
xcep
t mac
hine
ryan
d tra
nspo
rt eq
uipm
ent
167
3333
414
3623
090
1693
945
2670
4116
3377
334
1673
2723
920
349
4863
15M
achi
nery
exc
ept e
lectr
ical M
achi
nery
275
6262
933
3351
091
4372
983
1327
415
330
1424
040
4438
8266
482
5803
012
367
16El
ectri
cal M
achi
nery
& a
pplia
nces
399
90
1093
1744
113
817
3392
117
6795
4504
460
1249
2424
518
329
3853
17M
isc. M
anuf
actu
re in
dustr
y51
413
313
23
2345
2068
617
713
4556
160
9333
4932
655
3019
3015
222
777
5215
18G
as M
anuf
actu
re(in
dustr
ial &
dom
estic
)0
00
029
704
567
020
233
232
049
936
799
019
Med
ical l
oans
00
00
1064
2853
724
507
1831
417
9335
480
3590
441
828
5764
017
6041
118
732
20F i
sher
ies l
oans
4972
2828
100
00
00
00
049
7228
2810
21*
Elec
tricit
y ge
nera
tion
& su
pplie
s0
00
065
348
780
35
50
6835
383
021
Serv
ices
a)H
otel
s0
00
055
6266
4414
1963
701
2174
420
264
3072
756
2801
124
679
5035
b)Ro
ad Tr
ansp
ort
i)
SRTO
s0
00
079
4722
196
2157
232
70
00
079
4722
196
2157
232
7
ii)O
ther
s0
00
011
4244
5436
6358
10
00
011
4244
5436
6358
1c)
Oth
er se
rvice
s15
347
478
2141
6501
854
538
2734
642
122
248
1888
319
1127
1587
313
7346
929
266
23O
ther
Indu
strie
s33
113
913
912
2335
1134
0188
046
7898
119
7915
3895
1416
5639
591
4645
2674
3522
9842
1185
85TO
TAL
1683
825
0225
0013
248
581
8032
2065
1710
2439
88
7249
4450
5838
1377
8344
572
668
1250
780
1035
587
3275
64N
OTE
: 1
. Ter
m lo
ans(N
et e
ffecti
ve) r
epre
sent
s cum
ulat
ive fi
gure
s at t
he e
nd o
f Pre
vious
Yea
r plu
s Gro
ss S
ancti
ons a
nd R
eviva
ls of
the
Cur
rent
Yea
r les
s Can
cella
tions
per
tain
ing
to C
urre
nt Y
ear S
ancti
ons
2. A
mou
nt O
utsta
ndin
g re
pres
ents
Prin
cipal
and
Inte
rest.
3. *
The
figu
res g
iven
agai
nst t
hese
pro
ducts
repr
esen
t figu
res f
rom
198
8-89
onw
ards
. C
umul
ative
figu
res u
pto
31.0
3.19
88 w
ere
clubb
ed u
nder
the
broa
d in
dustr
ial g
roup
s.
Andhra Pradesh State Financial Corporation
74 58th Annual Report 2013 - 2014
TABL
E - 1
6RE
GIO
N /
DIS
TRIC
T-W
ISE
CLA
SSIF
ICAT
ION
OF
TERM
LO
AN
S SA
NCT
ION
ED (N
ET E
FFEC
TIVE
) DIS
BURS
ED A
ND
OU
TSTA
ND
ING
AS
ON
31-
03-2
014
(AM
OU
NT
` IN
LAK
HS)
SL.
No.
DIS
TRIC
TS
SMA
LL S
CALE
UN
ITS
OTH
ER U
NIT
SA
LL U
NIT
SM
ini,
Com
posi
te L
oans
&
Fish
erie
s Lo
ans
Gen
eral
Loa
ns
Sanc
tions
Dis
bur-
sem
ent
Am
ount
Out
stan
ding
Sanc
tions
Dis
bur-
sem
ent
Am
ount
Out
stan
ding
Sanc
tions
Dis
bur-
sem
ent
Am
ount
Out
stan
ding
Sanc
tions
Dis
bur-
sem
ent
Am
ount
Out
stan
ding
No.
Am
ount
No.
Am
ount
No.
Am
ount
No.
Am
ount
1H
YDER
ABAD
200
5353
1423
2754
384
4514
316
549
695
6032
954
146
3487
3222
1147
6699
342
2005
02
*KH
AMM
AM29
979
798
1559
1726
714
464
5467
350
8622
7221
461
2208
2596
821
765
5936
3*
NAL
GO
NDA
599
153
153
120
9556
200
4399
819
071
289
2038
217
503
2527
2983
7673
661
654
2160
04
*M
AHAB
OO
BNAG
AR36
681
8119
1464
4248
834
594
1977
636
215
603
1418
519
5621
9258
172
4886
121
751
TOTA
L-I
1464
367
367
4174
4517
0339
1382
0060
864
1696
1049
3693
055
8431
1462
532
4332
2707
4384
360
5RA
NG
A RE
DDY
288
8483
1061
1512
8428
1080
3825
527
607
8107
467
715
1768
270
1020
9586
1758
3743
219
6*
MED
AK41
010
010
02
2598
9934
769
422
2689
937
528
695
2289
358
8133
8312
8142
9241
532
782
TOTA
L-2
698
183
183
1287
1322
7775
1774
6052
426
982
1097
6990
609
2356
310
393
3377
2726
8251
7600
07
GU
NTU
R54
998
972
2714
3123
426
117
1007
844
717
262
1600
844
2737
1048
594
4222
314
508
8EA
ST G
ODA
VARI
148
3030
016
6225
199
2177
087
5028
123
847
2024
955
1120
9149
076
4204
914
261
9KR
ISH
NA
261
6868
126
0637
095
3089
211
394
342
2728
123
079
6082
3209
6444
454
039
1747
610
VISA
KHAP
ATN
AM20
238
380
1769
3062
823
758
8006
391
2512
122
543
4701
2362
5578
746
340
1270
611
*SR
IKAK
ULA
M32
049
490
1287
1208
710
347
3076
140
7053
7083
1330
1747
1918
917
479
4406
12W
EST
GO
DAVA
RI19
156
550
1721
2334
519
748
9449
355
2352
521
765
4493
2267
4692
641
569
1394
213
VIZI
ANAG
ARAM
9018
180
893
1257
798
6128
8817
156
4662
0614
2511
5418
241
1608
543
13TO
TAL-
317
6135
635
63
1265
217
2165
1424
9453
641
2127
1297
3511
6934
2796
816
540
3022
5625
9783
8161
214
*AN
ANTH
APU
R12
7442
842
813
3009
2947
726
005
9628
155
1377
110
058
6708
4438
4367
636
491
1634
915
*KU
RNO
OL
1325
263
263
326
9826
839
2240
172
5417
211
347
1039
560
3441
9538
449
3305
913
290
16*
NEL
LORE
4988
9595
016
0425
653
2150
988
2840
911
321
1058
711
4770
0137
070
3219
199
7617
*C
HIT
TOO
R15
0235
735
710
2918
3320
728
493
1140
034
625
085
1912
256
6247
6658
649
4797
217
072
18*
CU
DDA
PAH
604
119
119
724
8731
637
2539
395
4425
451
3652
9320
3345
3689
230
805
9571
19*
PRAK
ASAM
1862
3737
814
4820
318
1830
081
7621
193
0644
7129
0435
2129
661
2280
911
089
TOTA
L-4
1155
513
0012
9940
1416
416
7131
1421
0154
831
1547
7596
659
926
2247
627
266
2443
9620
3326
7734
720
*N
IZAM
ABAD
193
4242
1813
3613
678
9449
2291
107
2380
2227
016
3616
100
1171
823
0921
*W
ARAN
GAL
329
6363
116
6521
928
1796
691
3135
510
079
9317
113
2349
3207
027
346
9244
22AD
ILABA
D14
342
4210
977
1113
688
0735
8513
123
8324
0810
512
5113
561
1125
737
0123
*KA
RIM
NAG
AR69
514
814
85
1629
1906
715
235
7219
304
9811
6901
790
2628
2902
622
283
8014
TOTA
L-5
1360
296
296
3556
0765
809
5145
722
226
897
2465
320
853
1007
7864
9075
772
605
2326
8TO
TAL
OF
AND
HRA
PRA
DES
H16
838
2502
2500
132
4858
180
3219
6517
1024
3988
7249
4450
5838
1376
8344
572
668
1250
779
1035
587
3275
64TO
TAL
OF
CO
ASTA
L AN
DH
RA86
1148
948
812
1570
421
8136
1823
0370
646
2747
1503
6213
1992
3201
927
062
3689
8731
4783
1026
76TO
TAL
OF
RAYA
LASE
EMA
4705
1167
1167
3211
112
1211
6010
2291
3782
792
755
338
4486
818
425
1674
417
7665
1483
2656
283
TOTA
L O
F TE
LAN
GAN
A35
2284
684
588
2176
546
3923
3671
1613
5516
3575
2393
5820
4516
3300
228
862
7041
2757
2477
1686
05TO
TAL
OF
BAC
KWAR
D D
ISTS
1476
620
1720
1694
2779
744
9192
3575
7514
7761
3829
1785
9114
7257
3553
346
392
6298
0050
6847
1833
89
NO
TE:
1.
Term
loan
s (ne
t effe
ctive
) rep
rese
nts c
umul
ative
figu
res a
t the
end
of P
revio
us Y
ear p
lus G
ross
San
ction
s and
Rev
ivals
of th
e C
urre
nt Y
ear l
ess C
ance
llatio
ns p
erta
inin
g to
Cur
rent
Yea
rs’ S
ancti
ons
2.
Am
ount
Out
stand
ing
repr
esen
ts Pr
incip
al a
nd In
tere
st an
d in
clude
s the
am
ount
invo
lved
in “
Los
s Ass
ets “
3.
* Ind
icate
s ass
istan
ce to
Cen
tral B
ackw
ard
Dist
ricts
7558th Annual Report 2013 - 2014
TABL
E - 1
7
CON
STIT
UTI
ON
-WIS
E CL
ASSI
FICA
TIO
N O
F TE
RM L
OAN
S SA
NCT
ION
ED (N
ET E
FFEC
TIVE
) DIS
BURS
ED A
ND
OU
TSTA
ND
ING
AS
ON
31-
03-2
014
(AM
OU
NT
` IN
LAK
HS)
SL No.
CO
NST
ITU
TIO
N
Sinc
e In
cept
ion
upto
31-
03-2
014
NET
EFF
ECTI
VE S
ANCT
ION
SAM
OU
NT
DIS
BURS
EDAM
OU
NT
OU
TSTA
ND
ING
S.S.
IO
THER
STO
TAL
SSI
OTH
ERS
TOTA
LSS
IO
THER
STO
TAL
NO
Amou
ntN
o.Am
ount
No.
Amou
ntAm
ount
Amou
ntAm
ount
Amou
ntAm
ount
Amou
nt
1Pu
blic
Limite
d C
ompa
nies
458
3389
573
683
951
1194
1178
4630
235
7316
410
3400
9039
1287
921
919
2Pr
ivate
Lim
ited
Com
pani
es54
0930
9464
1637
2036
6870
4651
3132
2399
5715
5752
3957
0990
027
5614
714
6174
3C
o-op
erat
ives
132
6700
5762
2618
912
926
4357
5270
9627
1970
2721
4691
4Pa
rtner
ship
Con
cern
s12
978
2115
0112
7761
751
1425
527
3252
1701
4455
376
2255
2058
509
9826
6833
5
5Jo
int H
indu
Fam
ily
Con
cern
s65
103
461
6916
435
8512
083
083
6So
le P
ropr
ieto
ry c
once
rns
4633
424
2364
3514
8567
449
848
3280
3920
8311
8970
729
8017
8444
013
9885
838
7O
ther
s 43
1695
2437
2767
5422
1172
2023
3195
5047
352
3
T O
T A
L65
419
8057
2272
4944
5058
7266
812
5078
065
4211
3813
7710
3558
724
4119
8344
532
7564
Andhra Pradesh State Financial Corporation
76 58th Annual Report 2013 - 2014
TABL
E- 1
8 CLA
SS-W
ISE
CLA
SSIF
ICA
TIO
N O
F LO
AN
S SA
NCTI
ON
ED, D
ISB
URSE
D D
URIN
G T
HE
YEA
R A
ND
OU
TSTA
ND
ING
AS
ON
31-0
3-2
014
(AM
OU
NT
` IN
LA
KHS)
SL.
No.
Cla
ss
SAN
CTI
ON
SD
ISB
URSE
MEN
TSO
UTS
TAN
DIN
G
As
on
31/0
3/2
014
GRO
SSEF
FECTI
VE
No.
Am
oun
tN
o.A
mou
nt
No.
Am
oun
t
1Sc
hedu
led
Cas
tes:
i)
Term
Loa
ns77
5192
7340
6470
2711
6425
ii)
Wor
king
Cap
ital
00
00
00
18
iii)
Spec
ial c
apita
l0
00
00
090
iv)
Brid
ge L
oans
00
00
00
0
Su
b To
tal
7751
9273
4064
7027
1165
32
2Sc
hedu
led
Trib
es:
i)
Term
Loa
ns31
1278
3012
7525
999
2543
ii)
Wor
king
Cap
ital
00
00
00
1
iii)
Spec
ial c
apita
l0
00
00
015
iv)
Brid
ge L
oans
00
00
00
0
Su
b To
tal
3112
7830
1275
2599
925
59
3Ba
ckw
ard
Cla
sses
:
i)
Term
Loa
ns12
455
7511
956
3012
252
2914
046
ii)
Wor
king
Cap
ital
00
00
00
69
iii)
Spec
ial c
apita
l0
00
00
04
iv)
Brid
ge L
oans
00
00
00
0
Su
b To
tal
124
5575
119
5630
122
5229
1411
9
4O
ther
s:
i)
Term
Loa
ns92
611
9488
886
1141
7887
379
337
3045
51
ii)
Wor
king
Cap
ital
00
00
00
243
iii)
Spec
ial c
apita
l0
00
00
010
8
iv)
Brid
ge L
oans
00
00
00
6
Su
b To
tal
926
1194
8888
611
4178
873
7933
730
4909
G R
A N
D T
O T
A L
1158
1315
3411
0812
5148
1090
8827
632
8118
NO
TE: A
MO
UN
T O
UTS
TAN
DIN
G R
EPRE
SEN
TS P
RIN
CIP
AL
AN
D IN
TERE
ST A
ND
INC
LUD
ES A
MO
UN
T IN
VOLV
ED IN
“ L
OSS
ASS
ETS
“
7758th Annual Report 2013 - 2014
TABL
E -
19
AG
E-W
ISE
UN
DIS
BU
RSE
D C
OM
MIT
MEN
TS A
S A
T 3
1-03
-201
4
( AM
OU
NT
` IN
LA
KHS)
SL.
No
PA
RTI
CU
LAR
SSS
IO
THER
ST
O T
A L
NO
.A
MO
UN
TN
O.
AM
OU
NT
NO
.A
MO
UN
T
1 0
- 1
2 M
ON
THS
490
4676
691
1661
758
163
384
2A
BOVE
12
MO
NTH
S A
ND
UPT
O 1
8 M
ON
THS
4511
198
912
8254
1248
1
3A
BOVE
18
MO
NTH
S A
ND
UPT
O 2
4 M
ON
THS
2115
076
536
2720
44
4A
BOVE
24
MO
NTH
S10
1096
147
1111
43
TOTA
L56
660
568
107
1848
367
379
051
Andhra Pradesh State Financial Corporation
78 58th Annual Report 2013 - 2014
TABLE-20PERFORMANCE IN KEY RESULT AREAS (SANCTIONS,DISBURSEMENT,RECOVERY & PROFIT) SINCE INCEPTION OF THE CORPORATION TILL 31-03 -2014
(` in lakhs)
YEARSANCTIONS
DISBURSEMENTSDuring the year
RECOVERIESProfit
before taxGross forthe year
NetEffective
Recovery ofPrincipal
InterestCollected
Int. Susp.Collected
Total AmountCollected
A B C D E F G H I1956-57 91.15 70.71 33.02 2.59 1.63 4.22 4.331957-58 35.85 43.20 18.24 1.90 2.04 3.94 5.551958-59 16.22 -24.11 26.04 10.51 2.57 13.08 6.151959-60 42.01 40.42 11.43 5.32 3.29 8.61 6.951960-61 55.06 37.94 27.50 14.04 4.78 18.82 6.481961-62 100.47 90.30 53.71 10.22 6.14 16.36 6.361962-63 78.99 39.39 46.96 10.89 9.03 19.92 8.071963-64 237.56 197.19 81.38 23.77 12.76 36.53 10.191964-65 129.86 116.46 135.49 53.43 17.08 70.51 12.471965-66 223.27 199.33 130.74 8.00 35.70 43.70 12.751966-67 155.34 136.20 197.46 67.05 36.92 103.97 14.861967-68 126.15 82.83 139.16 39.01 47.08 86.09 22.181968-69 102.86 155.71 131.02 37.02 57.91 94.93 25.761969-70 213.11 140.51 102.15 74.59 61.53 94.93 26.121970-71 331.23 291.51 202.09 29.87 70.20 100.07 31.421971-72 402.56 358.66 268.31 80.01 89.20 169.21 36.351972-73 652.92 558.69 327.55 108.23 106.89 215.12 45.021973-74 828.37 670.25 409.11 183.39 122.36 305.75 50.361974-75 993.32 817.76 611.15 235.78 165.76 401.54 74.621975-76 1318.47 1069.79 642.06 163.76 219.89 383.65 102.251976-77 585.29 1290.90 735.99 190.49 283.14 473.63 93.521977-78 3034.54 1839.70 1090.15 218.81 348.70 567.51 126.08
1568.68 1704.60 3232.09 727.84Less: Interest suspense upto 31.3.1978 (Uncollected portion of Interest ) 198.69 198.691978-79 3035.23 2714.57 1665.78 602.71 209.28 811.99 5.271979-80 3945.97 3532.32 2730.06 587.64 481.74 36.58 1105.96 80.471980-81 4763.38 4371.41 3089.13 789.74 749.99 32.61 1572.34 191.221981-82 6185.71 5461.02 3741.06 1128.83 1004.47 31.06 2164.36 345.541982-83 6998.85 5013.24 4517.30 1564.28 1299.83 26.52 2890.63 453.481983-84 7388.94 6316.26 4785.33 2098.80 1594.93 8.99 3702.72 493.881984-85 9073.91 6889.76 5937.20 2279.77 2095.41 7.47 4382.65 551.251985-86 10951.37 9355.23 7066.49 2892.28 2455.39 6.89 5354.56 546.911986-87 13534.23 11706.22 7807.11 3296.55 2668.77 1.75 5967.07 307.041987-88 13188.01 11660.76 10248.93 3644.94 3239.02 9.02 6892.98 443.251988-89 15099.85 15224.55 11323.56 4659.61 3826.35 8.71 8494.67 454.211989-90 21345.40 16059.90 12784.15 5496.27 4871.96 4.70 10372.93 790.041990-91 26529.53 23010.44 14473.91 6346.57 5170.86 0.03 11517.46 415.721991-92 21812.61 16750.68 15725.32 7037.76 6376.75 2.24 13416.75 302.191992-93 19464.95 9053.96 13252.69 7859.47 8080.21 3.64 15943.32 606.311993-94 9140.08 -9539.68 8206.70 10242.17 10265.19 1.77 20509.13 1619.651994-95 13882.91 10163.01 8772.58 12130.59 10870.99 0.17 23001.75 1530.741995-96 18690.02 9994.26 11680.76 10967.30 9162.51 20129.81 216.001996-97 16533.63 11676.10 11246.41 10403.48 9157.47 0.60 19561.55 301.121997-98 21415.77 15595.95 13185.21 11531.44 8661.95 20193.39 104.171998-99 28201.22 22393.74 16250.41 12873.93 9261.17 22135.10 141.96
1999-2000 37955.70 27674.89 26421.72 13769.77 10048.32 23818.09 247.282000-2001 39702.40 32238.30 28317.12 17597.78 11873.13 29470.91 268.082001-2002 41171.72 28170.15 30849.42 20000.44 13825.46 33825.90 113.762002-2003 41985.70 29970.72 30130.06 26362.97 14486.35 40849.32 369.192003-2004 43058.46 26728.35 28324.87 31960.03 13061.71 45021.74 601.442004-2005 46469.60 31012.17 34887.45 33110.55 12028.85 45139.40 690.962005-2006 58596.93 44851.48 42172.45 35218.91 12995.13 48214.04 783.632006-2007 70475.23 55365.15 52313.69 37117.83 14477.42 51595.25 815.252007-2008 100665.80 88022.17 66269.91 42171.82 20021.95 62193.77 1500.212008-2009 88566.89 75636.23 68569.63 44924.99 20883.24 65808.23 4458.082009-2010 105238.25 94772.26 70798.77 52803.98 25708.05 78512.03 9965.302010-2011 138638.08 120525.81 90435.47 61448.32 28789.82 90238.14 10028.022011-2012 136881.99 130107.96 93689.52 63613.61 33033.04 96646.65 11212.382012-2013 143011.56 129885.31 95141.40 61931.16 36967.63 98898.79 9809.522013-2014 131533.60 125147.81 88276.05 66814.18 40829.86 107644.04 9357.82T O T A L 1524888.08 1255735.80 1040508.33 728849.15 412437.49 182.75 1141428.20 70849.18
* Amounts include those transferred from Andhra State Financial Corporation & Hyderabad State Financial CorporationNB : 1. During the year 1978-79, the Corporation switched over to Cash System of accounting from Mercantile System. The uncollected portion of Interest upto 31.03.1978 has been deducted from the total interest collected from 1956-57 to 1977-78 and was transferred to interest suspense in the balance sheet. 2. The amounts collected out of interest suspense from 1977-78 onwards are also shown as recovery.
7958th Annual Report 2013 - 2014
PER
FOR
MA
NC
E R
EVIE
W F
OR
TH
E LA
ST 5
YEA
RS
(AM
OU
NT
` IN
LA
KHS)
Yea
r en
ded
31st
Ma
rch
2010
2011
2012
2013
2014
SAN
CTI
ON
S10
5238
.25
1386
38.0
813
6881
.99
1430
11.5
613
1533
.60
DIS
BURS
EMEN
TS70
798.
7790
435.
4793
689.
5295
141.
4088
276.
05
REC
OVE
RIES
( Pr
inci
pal+
Inte
rest
)78
512.
0390
238.
1496
646.
6598
898.
8110
7644
.05
CU
MU
LATI
VE N
ET E
FFEC
TIVE
SA
NC
TIO
NS:
Num
ber
7266
773
927
7507
776
744
7772
7
Am
ount
7304
52.9
283
4186
.24
9389
26.2
310
2477
2.72
1119
558.
67
A.
O
PERA
TIVE
INC
OM
E:28
816.
8532
243.
3536
801.
6141
136.
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Andhra Pradesh State Financial Corporation
80 58th Annual Report 2013 - 2014
Board of Directors as on 31.03.2014
SL. No
NAME OF THE DIRECTOROCCUPATION AND
ADDRESS
BY WHOM NOMINATED /
ELECTED
DATE OF NOMINATION /
ELECTION
01. Sri T.S. Appa Rao, IAS (Retd.)Chairman
Plot No.109, Prashashan Nagar, Road No.72, Jubilee Hills, Hyderabad-500 033
Nominated by SIDBI as Chairman.
18.04.2012
02. Sri V.Sridhar,General Manager
S.I.D.B.I., SME Development CentreMumbai
Nominated by SIDBI 05.08.2013
03. Sri Satish Madhusudan Karambelkar, General Manager
S.I.D.B.I., 101, Hermitage Office Complex, 1st Floor, Saifabad, Post Box No. 130Hyderabad - 500 004.
Nominated by SIDBI 28.06.2013
04. Sri MD Azeezuddin S.D.M., LIC of India, Secunderabad Divisional Office, Behind NTR StadiumNear Indira ParkHyderabad - 500 080.
Nominated by LIC of India
12.06.2013
05. Sri Koteswara Rao SSR 403 & 404, Golden Green ApartmentsErramanzil ColonyHyderabad-500 082.
Elected by Shareholders
27.04.2013
06. Sri K.Harish Chandra Prasad H.No.8-2-674/B/4Road No.12Banjara HillsHyderabad-500 034.
Elected by Shareholders
27.04.2013
07. Sri K.Narasimha Murthy,Cost & Management Consultant
3-6-365, 104 & 105, Pavani Estate, Himayatnagar Hyderabad - 500 029.
Co-opted Director nominated by Board
07.07.2009
08. Sri M.B.N.Rao, Former CMD of Indian Bank and Canara Bank
A 404, Kundanbagh Apartments,3-6-1192, Sardar Patel Road,Begumpet,Hyderabad – 500 016.
Co-opted Director nominated by Board
11.02.2013
09. Sri T.Satyanarayana Rao, IASManaging Director
Flat No. 10157/4 RT, Pratyusha ResidencyBarkatpuraHyderabad – 500 027
Appointed by A.P. State Government
07.01.2012
8158th Annual Report 2013 - 2014
DepartmentTelephone
No.Jurisdiction over District
Head of the DepartmentName / Cadre / Mobile
Operations Zone – I[Andhra Pradesh Division]
23201763 Guntur, Vijayawada, Eluru, Rajahmundry,Vizag, Vizianagaram and Srikakulam
Sri G. Kishore BabuGeneral Manager9866599424
Operations Zone - II [Andhra Pradesh Division]
23203086 Ongole, Nellore, Tirupati, Anantapur, Kadapa, and Kurnool.
Sri K. RambabuGeneral Manager9866556703
Operations Zone – I[Telangana Division]
23202551 Hyderabad, Nalgonda, Mahaboobnagar, Khammam, Warangal and Karimnagar.
Sri D. SuresamAssistant General Manager9866500329
Operations Zone - II [Telangana Division]
23201646 Ranga Reddy (East),Ranga Reddy (West), Sangareddy, R.C.Puram, Nizamabad and Mancherial.
Sri A. NagaiahAssistant General Manager7702542323
Details of Offices of APSFC
SL. No
Branch AddressTelephone No.Landline/CUG
Branch ManagerName/Cadre/Mobile
1. Mancherial [Adilabad]
Plot No.414, Block No.4, Kolli Bhavan, Janmabhoomi Nagar,Mancherial - 504 208.email: [email protected]
08736-2525679963528886
Sri D. Venkata SwamyBranch Manager9948827945
2. Anantapur D.No.28/453-E-2, Near Collectorate, Behind Pennar Bhavan, Ananthapur - 515 004email: [email protected]
08554-2755119989334305
Sri V. NancharaiahSenior Branch Manager9866458462
3. Kadapa D.No.1/441,T.Chandrasekhar Reddy Building, R.T.C.Bus Stand Road to Rly.Stn.,Patel Road, Kadapa - 516 001 email: [email protected]
08562-2444219949358508
Sri B. Ambru NaikBranch Manager9959888946
BRANCH OFFICES
Andhra Pradesh State Financial Corporation
82 58th Annual Report 2013 - 2014
4. Eluru D.No.27-3-24/1,Narasimharaopet,Opp:S.P’s Office, Eluru - 534 006 email: [email protected]
08812-2310379949358512
Sri YV Subrahmanyeswara Rao,Senior Branch Manager9441069976
5. Guntur 1st Floor, Amulya Towers,Ring Road, Chandramouli Nagar, Guntur - 522 007 email: [email protected]
0863-23500129949358511
Sri S.Srinivasa ManiSenior Branch Manager9908524179
6. Hyderabad D.No.5-9-194, Chirag Ali Lane, Abids, Hyderabad - 500 001 email: [email protected]
040-232041069618888491
Sri Y. Murali,Senior Branch Manager9959911382
7. Karimnagar D.No.2-7-373, Mukkarampura, Opp.Collector Complex, Karimnagar - 505 002email: [email protected]
0878-22436629949358504
Sri Sampath Kumar KatlaBranch Manager9502620460
8. Khammam D.No.9-3-71, 2nd Floor, ERR Complex,Station Road, Khammam - 507 001email: [email protected]
08742-2345669989334306
Sri S. Babu GoudBranch Manager9966652078
9. Kurnool D.No.50/706-C, Gooty Road, Opp: Birla Guest House, B-Camp, Kurnool - 518 002 email: [email protected]
08518-2290569989334304
Sri G. Padmasekhar ReddyBranch Manager9959090595
10. Mahaboobnagar 1st Floor, Vijayavandana Towers, Opp.Post Office, MettugeddaMahaboobnagar - 509 002 email:[email protected]
08542-2428059949358509
Sri S. Padmakar RaoBranch Manager9247430455
11. Nalgonda Ward No. 6, Block No.1Boyawada, Ramgiri Area,Nalgonda - 508 001 email: [email protected]
08682-2233229949358502
Sri P. Madhusudhan ReddyBranch Manager9849955628
12. Nellore B12A, Industrial Estate, GNT Road, Andhra Kesari Nagar,Dargamitta, Nellore - 524 004 email: [email protected]
0861-23316009949358507
Sri P Ramakrishna ReddyAsst. General Manager9959988303
8358th Annual Report 2013 - 2014
13. Nizamabad 6-2-136, Opp.Zilla Parishad,Subashnagar, Nizamabad - 503 002 email: [email protected]
08462-2372679989334302
Sri B.V. Krishna ReddyBranch Manager7893107679
14. Ongole 37-1-406(4), 1st Lane, Bhagyanagar Ongole - 523 001 email: [email protected]
08592-2330299989334307
Sri A.V.Subba RaoSenior Branch Manager9959888571
15. Ramchandrapuram D.No.22-95, Reddy Complex, Main Road, Besides LIC Office, R.C.Puram, Hyderabad - 500032 email: [email protected]
08455-2800069949358505
Sri P. Jagadish KumarSenior Branch Manager9440410693
16. Rajahmundry D.No.25-8-1, Korukonda Road, Andhra Bank Complex,Jaya Krishna Puram, Rajahmundry - 533 105 email: [email protected]
0883-24427669949358513
Sri I.B.K. PrasadSenior Branch Manager9000550463
17. R.R.East D.No.5-9-194, Chirag Ali Lane, Hyderabad - 500 001 email: [email protected]
040-232048209618888492
Sri B. KrishnaiahSenior Branch Manager9959888574
18. R.R.West D.No.5-9-194, Chirag Ali Lane, Hyderabad - 500 001 email: [email protected]
040-232036159618888493
Sri A. ShivanandamSenior Branch Manager9849294662
19. Sangareddy 3-4-21, Main PWD Road, Opp.Uco Bank, Sangareddy - 502 001 email: [email protected]
08455-2767199989334303
Sri V. Satyanarayana, Branch Manager9246543306
20. Srikakulam Plot No.377, 8th LaneP.N. ColonySrikakulam - 532001email: [email protected]
08942-2717569949358515
Sri R. Satyanarayana Branch Manager9963038484
Andhra Pradesh State Financial Corporation
84 58th Annual Report 2013 - 2014
21. Tirupathi D.No.2-2-388/B, Narasimhateertham Road, Near LIC Office Tirupathi - 517 502email: [email protected]
0877-22607929949358506
Sri K. PurushothamSenior Branch Manager9959090391
22. Vijayawada D.No.40-15-9/13, 4th Floor,Nandamuri Road, Brundavan Colony, Labbipet, Vijayawada - 520 010. email: [email protected]
0866-24777629949358510
Sri V. Sivarama KrishnaSenior Branch Manager9866556711
23. Visakhapatnam D.No.52-14-77/1, Adj.to CRR Telecom Complex,New Resapuvaripalem, Seethamadara, Visakhapatnam - 530 013 email: [email protected]
0891-25525749949358514
Sri K.Hari Babu,Asst. General Manager9908524189
24. Vizianagaram D.No.20-21-6, Plot No.1, 2nd Floor, Simhadri Nagar 100ft Ring Road, Near Sri Saibaba Temple, Vizianagaram - 535 002 email: [email protected]
08922-2246859989334308
Sri G.Satya MurthyBranch Manager8008801950
25. Warangal D.No.7-1-4, Beside District Library, Balasamudram, Hanamkonda- 506 001 email: [email protected]
0870-25722299949358503
Sri T. David SolomonBranch Manager9848903894
8558th Annual Report 2013 - 2014
ANDHRA PRADESH STATE FINANCIAL CORPORATIOND.No.5-9-194, Chirag Ali Lane, HYDERABAD - 500 001.
Ph : 23201646, 23202550 to 2553. Fax : 040-23200174/23202972
FORM OF PROXY
I/We_____________________________of ____________________________________ being a
shareholder of Andhra Pradesh State Financial Corporation holding shares Nos._____________hereby
appoint________________________________________of __________________________________________
____________(or failing him/her __________________________________of________________________ )
as my/our proxy to vote for me/us and on my/our behalf at the 58th Annual General Meeting of the Share
Holders of the Corporation to be held at 11.00 a.m., on Saturday, the 26th July, 2014 at the Head
Office of the Corporation at 5-9-194, Chirag Ali Lane, Hyderabad - 500 001, Andhra Pradesh and at any
adjournment thereof.
Dated this ____________day of July, 2014.
Affix
Rs.1/-
Revenue
Stamp
Signature of the Shareholder
Note : a) If a shareholder is unable to attend the meeting, he/she may sign this form and send it to the Chief General Manager (F&A), A.P. State Financial Corporation, Head Office, Chirag Ali Lane, Hyderabad, so as to reach him two clear days before the date of meeting.
b) This form should be signed across the stamp as per specimen signature registered with the Corporation.