PRIME ANNUAL REPORT FINAL - 2019-1 · :tgtujt Ntuh furvtxjt JtMttol;tu ~t. 27.11 fhtuz :tE n;te su ydttWlttk JtMto fh;ttk 7.25Ù Jt"tthu Au. JtMto 'hbgttlt ltJtt 1648 mtCgttu lttu

Annual Report2018-19

PRIME CO-OPERATIVE BANK LTD.

PRIME

BANK


ytk;th ctukf-xuctjt xultemt rJtsu;tt

btwFgt NttFtt ltJtt jtecttmtbttk

We

The Chairman

Board of Directors

& the Staff Team of

Prime Bank

Pledge ourselves to

continued progress,

Continued improvisation in

customer - services methods,

Continued update on

technology count &

Continued widening of

business horizon with

excellent, personal-touch

relationship with

every customer

...today & at all times.

Policy Statement

- Chairman

1

Board of Directors

Late Gokul Bakshi - Founder Chairman(Up to 17-01-2019)

Anand Bakshi - Chairman

Champaben Makwana - Vice Chairperson

Radhakishna Ruchandani - Mg. Director

Mukesh Bombaywala

Dharmesh Chorawala

Kanubhai Tailor

Dhiraj Shah

Kishor Bhrambhatt

Late Rajnikant Kapadia (up to 05-05-2018)

Parimal Vyas

Mahesh Desai (From - 15-02-2019)

Hema Mishra (From - 28-03-2019)

jttgtmtlmt ltk & gtwcteze./Bgtwsu/1135 vte. ;tt. 06-05-1995

hBmx[uNtlt ltk. & yumtyu-2775 ;tt. 03/08/1994

2

JtMto bttk fhujt vt{dtr;t lte Ljtf hfbtbttk

fhs

ftgtofthe CtkztuG

ftattu ltVtu

attuFFttu ltVtu

ftumx ytuV rzvttuLexTmt

r"thtKt vth JtG;th

dt{tumt yultvteyu

ltux yultvteyu

yturzx Jtdto

fbtoatthedtKt

NttFtt

ctk"t fcttxbttk vtwM;tfu yt;btn;gtt fhe,ltu ate¸ebttk jtFgtwk

%%bttucttEjt lttk *ttmt:te^^

~t. 0.00

~t. 1311.85

~t. 25.57

~t. 15.65

5.66Ù

10.78Ù

~t. 6.94 (1.11Ù)

0.00Ù

%%y^^

330

36

htuftKttu dtJtltobtulx/bttlgt rmtfgttuhexe

lttKttkfegt mtkm:ttytu

ctulftu

ftujt btlte

~t. 428.89

~t. 0.01

~t. 141.87

0.00

.

.

.

~t. 570.77

Jtmtwjt ytJtujt Ntuh CtkztuG

fwjt mtCttmt'tu

rhLJto Vkz yltu ylgt rhLJto Vkz

~t. 27.11

19919

~t. 84.66

:ttvtKttu -

btw';te

ctat;t

attjtw

.

~t. 727.51

~t. 249.40

~t. 180.03

.

.

.

~t. 1156.94

(~t. fhtuzbttk)

htufz yltu ctulf ctujtulmt

r"thtKttu

~t. 72.49

~t. 627.18

3

JttrMtof mtt"tthKt mtCttlte lttuxemt

yt:te sKttJtJttbttk ytJtu Au fu, ctulflttk mtCttmt'tulte AJtemtbte JttrMtof mtt"tthKt mtCtt ctw"tJtth

;tt. 26-06-2019 ltt htus mttksu vt&00 fjttfu mth'th bttfuox ytuzextuhegtbt, zwkCttjt, (mtwh;t) Ftt;tu lteatu

sKttJtujt ftgtoJttne fhJtt btGNtu.

1. cttuzo ytuV rzhufxmtuo hsq fhujt ;tt. 31-3-2019 JtMttol;tlttk yturzxh vt{bttKtvt*t mtt:tulttk

ynuJttjt, mthJtigtwk, ltVt-;ttuxtlttk rnmttct rJtdtuhu btksqh fhJtt.

2. cttuzo ytuV rzhufxmtolte CtjttbtKt btwsct 2018-19 JtMtolttk attuFFtt ltVtlte VtGJtKte btksqh fhJtt

;tubts ;tu JtMtoltwk rzrJtzlz Snuh fhJtt.

3. dt;t JttrMtof mtCttbttk btksqh fhujt vtuxtftgt't ltt mtwDttht Jt"ttht btu. hBmx[thèyu btksqh fhujt ntugt

;tulte lttuk"t jtuJtt.

4. atuhexe Vkz Ftt;tu hnujt cttfe hfbtltu mxuagtwxhe heLJto Ftt;tu ;tctr'jt fhJtt.

5. vt{btwFt m:ttltu:te ydth vt{btwFtèlte btksqhe:te ylgt su ftbt hsq :ttgt ;tu.

cttuzo ytuV rzhufxmtoltt yt'uNt:te

rJtsgt vtthuFt

Ctf;t ntugt ;ttulthrmtkn btnu;tt yltu bteht suJttk

subttk xulNtltnkbtuNtt CtdtJttltu s jtuJtwk vtzu !

yurfLfgtwxeJt rzhufxhmtwh;t.;ttheFt & 10-06-2019

4

5

lttukDt &-

1. ftuhbtltt yCttJtu btwjt;Jte hnujte mtCtt ;tus r'Jtmtu ;tus m:tGu y"tto fjttf ctt' btGNtu, sultu ftuhbtlttu

ctt"t hnuNtu ltnek.

2. mtCttmt'u ftuEvtKt vt{±, bttrn;te, vtqAvthA fu Ftwjttmtt btuGJtJtt ntugt ;ttu ;tt. 20-06-2019 mtw"tebttk

ctulflte W"tltt yturVmtu jturFt;tbttk sKttJtJtwk, sultu vt{btwFtèlte btkswhe btÉgtu:te mttbttlgt mtCttbttk hsq

fhtNtu.

3. ctezujt vt{JtuNt vt*t Jtdth mtCttFtkzbttk vt{JtuNt btGNtu ltrn.

JtGtkf ytJtu ;ttu JtGJtwk vtzuyultu hm;ttu ct'jgttu ltt fnuJttgt ... ...

rJtNtuMt &-

- NtiHtrKtf JtMto 2018-19 'hbgttlt su mtCttmt'tulttk cttGftuyu yumt. yumt. mte. yltu yuat. yumt. mte. bttk 70%

fu ;tu:te JtDtw fu dt{uÈgtwyux yltu vttumx dtu{Ègtwyux m;thu 60% :te JtDtw dtwKt btuGJtujtt ntugt, ;tubts bturzfjt yltu

yulBrltgthekdt zedt{e Htu*tu vt{JtuNt btuGJgttu ntugt y:tJtt ;ttu mte. yu. Elxh fu VtEltjt vtheHtt vttmt fhe ntugt

;tuytuyu mftujthNtevt bttxu vtrhKttbt Snuh :tgttlttk *tKt bttmtbttk ctulflte W"tltt yturVmtlttu mtkvtfo fhJttu.

- NACH (E.mte.yumt.) «tht rzrJtzlz mteDtwk ylgt ctulfltt Ftt;ttbttk sbtt jtuJtt, su mtCttmt'tuyu Vtubto lt CtgtwO

ntugt ;tuytuyu, yt bttxultwk Vtubto ;tt. 25-06-2019 mtw"tebttk Cthe sJtwk.

- JtMto 2015-16 ltwk rzrJtzlz ;tt. 29-06-2019 mtw"tebttk JtxtJte jtuJtwk. ;gtth ctt' yu hfbt vtuxt rltgtbt btwsct

mxuagtwxhe heLJto Ftt;tu jtE sJttbttk ytJtNtu.

-su mtCttmt'tuyu ltturbtlteltwk lttbt 'tFtjt lt fhtJgtwk ntugt ;tuytuyu ctulfbttk:te yu ykdtultwk Vtubto btuGJte lttubteltuNtlt

fhtJtJtwk rn;ttJtn Au.

-su Ntuh "tthftuyu vttltftzo, Vtuxtu ;tubts ytDtthftzo lte ltfjt hsw lt fhe ntugt ;tuytuyu ;tubtlte ltBflte

vt{tEbt ctukflte NttFttbttk sbtt fhtJte 'uJtt.

btuk mthJttGt fgtto mtnwltt yltu Ftw'ltu dtKgttu ltrn ....,yltu sdt;t ytFtwk yubt mtbtsu fu nwk cthtcth CtKgttu ltrn^^,

cttuzo ytuV rzhufxmto Jt;te ctukfltt 26bttk JttrMtof ynuJttjt lte hswyt;t

yt'hKtegt mtCttmt' rbt*ttu.

ytvt mttiltt mtnfth :tfe ctulfu 31 bttato 2019 JtMttol;t 'hrbtgttlt fhujt vt{dtr;tlttu rnmttct ;tubts ctulfltwk

ftbtfts mtkrHtv;tbttk cttuzo ytuV rxhufxmto Jt;te ytvtlte mtbtHt hsq fhJttlte yltwbt;te bttkdtw Awk.

rnmttcttu ~rvtgttbttk - heLJto ctulf ytuV Erlzgtt, mtnfthe ftgt't ;tubts ctulflttk vtuxt rltgtbttultu yt"telt s~he ;tbttbt SudtJttEytu

ctt', lttKttkfegt JtMto 2018-19 lttk yk;tu ctulfu ~.15, 64, 73, 228.15 lttu attuFFttu ltVtu lttuk"tJtujt Au.

rnmttcttultt ytkfztytulte mthFttbtKte...

1,05,57,56874-61

7,26,11,022-10

1,12,83,67,896-71

62,12,25,467-67

25,14,32,787-71

25,57,09,641-33

1,90,53,636-15

23,66,56,005-18

8,01,82,777-03

15,64,73,228-15

1,02,51,05,555-67

7,66,30,524-49

1,10,17,36,080-16

63,20,06,012-86

23,62,70,369-30

23,34,59,698-00

4,45,91,294-50

18,88,68,403-50

4,44,95,907-00

14,43,72,496-50

yltw. rJtdt;t bttato 2019bttato 2018

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

fwjt Jgtts JtxtJtlte ytJtf

ylgt ytJtf

fwjt ytJtf

Jgtts Ftato

ytuvthuxekdt Ftato

ftattu ltVtu

Dtmtthtu ;tubts ylgt SudtJttEytu

ytJtf Jtuht vtnujtt ltVtu

ytJtf Jtuhtu

ytJtf Jtuht ctt' ltVtu

6

ctukfltwk lttKttkfegt rJtJthKt ;t:tt btuGJtujt rmtr}

dtbte sEyu Aeyu ytvtKtu DtKttltuyu vtKt dtbt;twk lt:te DtKttltu .......

ltVtlte VtGJtKte

Wvth sKttJtujt ltVtu lteatu btwsct VtGJtJtt cttuzuo CtjttbtKt fhujt Au su nwk ytvtlte btksqhe bttxu y*tu hsq fhwk Awk.

3,91,27,838-15

3,00,000-00

3,75,64,620-00

2,34,71,000-00

2,00,00,000-00

15,65,000-00

1,14,44,770-00

mxuagtwxhe heLJto

rNtHtKt VtGtu

15Ù rzrJtzlz

15Ù ctuz yulz ztWkxVwjt heLJto

ElJtumxbtulx VjtfagtwyuNtlt heLJto

1Ù "tbtto't Vkz

mvtuNtegtjt heLJto

cttfe hnu;te hfbt ~t. 2,30,00,000/-lteatu btwsct VtGJtJttlte CtjttbtKt Au.

20Ù ytfrmbtf Vkz

30Ù rctjzekdt Vkz

50Ùslthjt heLJto

rzrJtlz- mtnfthe ftgt'tlte btn@tbt btgtto'tltu "gttltbttk htFte, lttKttkfegt JtMto 2018-19 bttxu su mtCttmt'tulttk lttbt

;tt. 31-03-2019lttk htus ctulflte Ntuhctwfbttk lttuk"ttgtujt nNtu, ;tuytultu 15Ù jtuFtu rzrJtzlz JtnukatJttlte cttuzuo

CtjttbtKt fhujt Au.

46,00,000-00

69,00,000-00

1,15,00,000-00

:ttvtKttu-

JtMttol;tu ctukflte :ttvtKttu dt;t JtMto lte mthFttbtKteyu 5.80Ùltt Jt"ttht mtt:tu ~t. 1156.94 fhtuzu vtntukate Au. vthk;tw GST ltt ybtjt ctt' ftvtz W"ttudtbttk ytJtujt btk'eltu fthKtu , fhkx Ftt;ttlte :ttvtKttu bttk ltBJttu Dtxtztu :tgtujt Au, sgtthu ctat;t Ftt;ttlte :ttvtKttu bttk 4.44 Ù yltu btw';te :ttvtKttubttk 10.67 Ù lttu Jt"tthtu :tgtujt Au.

ltVtfthf;tt CASA :ttvtKttu vth yt"ttrh;t ntugt, ctukfu Jt"tw ltu Jt"tw ctat;t / attjtw Ftt;tt Ftwjtu ;tu bttxu mt"tlt vt{gt;lttu fh;ttk, JtMto 'hbgttlt 7669 ltJtt ctat;t Ftt;ttk ;tubts 1576 ltJtt attjtw Ftt;ttk FttujtJttbttk ytJgtt n;ttk.

7

r"thtKt

bttE_tu VtElttlmt

Jtmtwjtt;t -

htuftKt -

Ntuh btqze-

ltVtfthf;tt -

JtMttO;tu ctukfltw fwjt "tehtKt 627.18 fhtuz vtntuagtw Au. su dt;t JtMto lttk fwjt r"thtKtlte mthFttbtKte yu 17.77Ù lttuu btt;tcth Jt"tthtu 'NttoJtu Au. yt Jt"tthtu JtMto 'hbgttlt 247.72 fhtuz lttk r"thtKt btkswh fgtto ctt', rltgtrbt;t Jtmtwjtt;t vtAelttu Au. ftvtz W"ttudtltu mtnfthe ctulftu ;thV:te PMEG yltu stand up india yk;tdto;t btG;tt r"thtKt vtKt mtctmtezeltu vtt*t :tgtt ntugt, W$tudtfthtu ltJte btNtelthe lttFtJtt W;mtwf hÏt n;tt.

JgttsFttuhtu lte atwkdttjtbttk:te dthect ;tubts bt"gtbt Jtdto ltu ctattJtJtt, ctukfu 27-03-2018 :te mtwh;t btntltdthvttrjtft Ftt;tu lttuk"ttgtujt SELF HELP GROUP ltu r"thtKt ytvtJttltwk Nt~ fhujt Au. su yk;tdto;t JtMto 'hrbtgttlt fwjt 193 dt{wvt ltu "tehtKt fhJttbttk ytJgtwk su vtikfe ftuEvtKt Ftt;ttbttk ytuJtuhzgtwk lt:te yltu 31 bttato JtMttol;tu ~t. 94.20 jttFt ltwk r"thtKt cttfe cttujtu Au. yt Wvthtk;t Jgtrf;tdt;t "ttuhKtu bttE_tu VtElttlmt nuXG 3135 Jgtrf;tytultu vtKt r"thtKt fhJttbttk ytJgtw. su 31 bttato JtMttol;tu ~t. 900.40 jttFtltwk cttfe cttujtu Au.

mtbtdt{ Ctth;tlte Fttltdte ;tubts mthfthe ctulftubttk Gross NPA lttu ytkf 10Ù fu ;tu:te Jt"tw ytJte hÏtu Au yltu dtwsht;tlte mtnfthe ctulftultwk dt{tumt NPA 4% ytmtvttmt Au ;gtthu ytvtKte ctuklfltwk Gross NPA Vf;t 1.11Ù ltt ltBJtt 'hu Au yltu Net NPA 0.00Ù SGJtJttlte vthkvtht attjtw hne Au. ctuklflte 36 NttFttytu vtife 19 NttFttytu Ftt;tu dt{tumt NPA 0.00 Au. JtMto 'hrbtgttlt NPA Ftt;tt bttk ftuEvtKt vt{fthlte Jgtts htn;t fu btwÚjt hfbtbttk htn;t ytvtJttbttk ytJtujt ltntu;te.

JtMto 'hbgttlt r"thtKtbttk :tgtujt Jt"tthtltu fthKtu, JtMttol;tu fwjt htuftKt ~t. 576.46 fhtuz :te mtt"tthKt Dtxeltu ~t. 570.77 fhtuz :tgtwk Au. subttk ~t. 428.89 fhtuz mthfthe rmtfgtwrhxeLbttk yltu ~t. 141.88 fhtuz ylgt ctulftubttk btwfujt :ttvtKttulttu mtbttJtuNt :ttgt Au. htuftKt mttbtultt mtkCtrJt;t SuFtbttulttu mttbtlttu fhJtt rhLJto ctulflte dttEzjttElt btwsct, ctulf vttmtu vtwh;tt vt{bttKtbttk Investment Depreciation Provision & Reserve Au.

hBmx[thè «tht vtuxt ftgt'tbttk mtw"tthtu btkswh :t;ttk ctulflte yr"tf];t Ntuh furvtxjt ~t. 50 fhtuz :tgtujt Au, subttk CthvttE :tgtujt Ntuh furvtxjt JtMttol;tu ~t. 27.11 fhtuz :tE n;te su ydttWlttk JtMto fh;ttk 7.25Ù Jt"tthu Au. JtMto 'hbgttlt ltJtt 1648 mtCgttu lttu Wbtuhtu :t;ttk yltu 617 mtCgttuyu htBlttbtwk ytvgttctt' mtCttmt' mtkFgtt 18888 :te Jt"teltu 19919 :tE Au.

r"thtKtbttk 17.77 Ù Jt"tthtu :tJttltt fthKtu attuFFttu ltVtu ~t. 14.44 fhtuz :te Jt"teltu ~t. 15.65 fhtuz vtntukagttu Au. ctulflttk ltVtbttk W;thtu;th Jt"tthtu, ctulflttk ylttbt;t CtkztuGltu Jt"tthe hÏtu Au su :tfe ctulflte lttKttkfegt mt""th;ttbttk Jt"tthtu :tE hÏtu Au. ctulflte NET INTEREST INCOME ~t. 39.31 fhtuz :te Jt"teltu ~t. 43.45 fhtuzu vtntuate.

8

vtuht ctulfekdt mtuJttytu -

ytJtf Jtuhtu -

ltVtltwk Jgttscte "ttuhKt SGJte htFtJtt, cturlfkdt ytJtf Wvthtk;t vtuht cturlfkdt mtuJttytu :tfe vtKt mtthe yuJte ytJtf btuGJtJte s~he Au. JtMto 'hbgttlt ctulfu vtuht cturlfkdt mtuJttytu :tfe ~t. 109.17 jttFt lte ytJtf WCte fhe Au su dt;t JtMtuo ~t. 108.25 jttFt n;te. subttk btwFgt;Jtu-

BJtlt rJtbttu -BJtlt rJtbttk fkvtlteytubttk ctukfu JtMto 'hrbtgttlt yJteJtt jttEV, yufmttEz jttEV yltu mtt:tulttk SuztKt :tfe ~t. 631.36 jttFtltwk vt{ebtgtbt yufXwk fhe ~t. 35.31 jttFtlte ytJtf WCte fhe.

mttbttlgt rJtbttu -mttbttlgt Jtebtt fkvtlteytubttk lgtw Erlzgtt yumgttuhlmt Wvthtk;t Vgtwath slthjte mtt:tulttk SuztKt :tfe, ctulfu ~t. 87.26 jttFtltwk vt{ebtgtbt yufXwk fhe ~t. 13.82 jttFtlte ytJtf WCte fhe . su dt;t JtMtuo ~t. 8.71 jttFt n;te.

nuj:t Elmgttuhlmt -JtMto 'hbgttlt ctulfu hujtedtuh nuj:t Elmgttuhlmt :tfe ~t. 4.21 jttFtltwk vt{ebtgtbt yufXwk fhe ~t. 63,250 ytJtf WCte fhe su dt;t JtMtuo btt*t ~t. 6,848 n;te.

mxubvt §ulfekdt -fwjt 5 NttFttytu :tfe §ulfekdt mtJteomt vtwhe vttze ctulfu ~t. 26 jttFtlte ytJtf WCte fhe.

Vtuhult yufmtatuls -JtMto 'hbgttlt lteatu btwsctlttu cteLltumt fhe, ~t. 26.67 jttFtlte ytJtf WCte fhe. su dt;t JtMtuo ~t. 18.78 jttFt n;te.

~t. 25.78 fhtuz btlte yufmtatuls

~t. 4.66 fhtuz Vtuhult fhlmte vt{evtuEz ftzo

~t. 0.21 fhtuz lttk x[tJtujtmto atuf

~t. 0.66 fhtuz Jtumxlto gtwltegtlt btlte x[tlmtVh ;tubts hegtt yk;tdto;t, EltJtzo btlte hubtexlmt

bgtwagtwyjt Vkz -ctulfu rJtrJt"t bgtwatwyjt Vkz Jtuate ~t. 8.54 jttFtlte ytJtf WCte fhe.

vttlt ftzo -JtMto 'hbgttlt ctulfu %%1332^^ vttlt ftzo lte yhB mJtefthe su dt;t JtMtuo %%1111^^ n;te.

rctjt fjtufNtlt mtuJtt -ctulflte mttKtk' NttFttbttk W@th dtwsht;t Jtesfkvtltelttk ctejttu mJtefthJttbttk ytJtu Au yltu Jttvte NttFtt Ftt;tu dtwsht;t dtumt fkvtltelttk ctejttu mJtefthJttbttk ytJtu Au. yt Wvthtk;t ctuklflte ;tbttbt NttFttytu bttk E Payment vtKt mJtefthJttbttk ytJtu Au.

attjtw JtMto 'hbgttlt ~t. 36.95 jttFt ydttWltt JtMtolttk ytJtfJtuht vtuxu atwfJt;tt, zeVzo xuHt Ftt;tu ~t. 25.30 jttFt jtE s;ttk yltu ~t. 35.42 jttFt ydttWlttk JtMtoltwk heVkz btÉgtt ctt' ytJtf Jtuhtu ~t. 8.02 fhtuz Au.

DHFL Pramarica

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9

10

VtElttlmtegtjt ElfjtwLlt -

vtuxt ftgt'tbttk mtw"ttht -

y;gtt"twrltf xuflttujttuB mtuJttytu -

m:tGtk;th

ctulfltu btGujt yuJttuzo -

btsoh

lttltt lttltt Ftt;tu'thtultu ctulfekdtlte mtJtjt;t btGe hnu ;tu bttxu, VtElttlmtegtjt ElfjtwLlt nuXG ftbt'thtu Wvthtk;t rJt"tt:teoytulttk fwjt 1053 ltJtt Ftt;tt JtMto 'hbgttlt FttujtJttbttk ytJtujt n;ttk. yt Wvthtk;t mthfthe rJtbtt gttusltt PMSBY 5953 ytJthe jte"tt su vtife JtMto 'hrbgttlt 2 fjtuEbt btkswh :tgtt ;tubts PMJJBY bttk 4299 dt{tnftultu ytJthe jte"tt su vtife 10 fjtuEbt btkswh :tgtt Au. ytuAe ytJtf "thtJtltthltu, ytuAt Jgtts 'hu, dt]n r"thtKt btGe hnu ;tu bttxu, ctulfu ltuNtltjt ntWmtekdt ctulf mtt:tu vtKt fhth fgtto Au.

dt;t JtMtolte mtCttyu ctulflttk, yr"tf];t Ntuh CtkztuG Jt"tthJtt bttxu vtuxt rltgtbt ltk. 8(1) ;tubts mtCttmt'ltt bt;ttr"tfth ykdtu vtuxt rltgtbt 24 (10) ltu ctntjt htFtujt, sultu ltBJtt mtw"ttht mtt:tu hBmx[thè yu btkswh fhujt Au.

Elxhltux ctulfekdt (only view) mtJtjt;t :tfe dt{tnftu vttu;ttltt Ftt;ttlte ;tbttbt bttrn;te btuGJte Ntfu AuE-vttmtctwf, E-mxuxbtulx lte mtwrJt"tt, dt{tnf vttu;ttlttk bttucttEjt vth btuGJte Ntfu Au.btemz ftujt mtrJtomt nuXG dt{tnf vttu;ttlttk Ftt;ttltwk ctulf ctujtulmt lte&Ntwjf btuGJte Ntfu Au.

ctulfekdt JgtJtnthtultt SMS, dt{tnftultu lte&Ntwjf bttufjtJttbttk ytJtu Au.

ATM (RUPAY) ftzo:te htufz Wvttz Wvthtk;t Fthe'elte mtwrJt"tt Wvtjtc"t fhe Ntfu Au.

bttucttEjt Vtult «tht, vtjtfJtthbttk IMPS / NEFT lttKttkfegt JgtJtnth :tE Ntfu Au. Wvthtuf;t mtJtjt;ttu :tfe JtMto 'hbgttlt fwjt ~t. 303.15 fhtuzltt, 4,89,384 lttKttfegt JgtJtnthtu :tgtt.

dt;t bttmt 'hbgttlt ctulflte btwFgt NttFttltwk m:tGtk;th ltBflttk btftltltt Cttugt;tGegtu fhJttbttk ytJtujt Au. yt Wvthtk;t vttkzumtht NttFttltwk yt bttmtbttk rJtm;thKt fhJttbttk ytJgtwk.

JtMto 2017-18 bttk ctukf ltu sw'e sw'e mtkm:tt «tht lteatu btwsct lttk yuJttuzo vt{tv;t :tgttk.

mttW:t dtwsht;t ftu-ytuvt ctulf yumttumtegtuNtlt

?VtElttlmtegtjt mxuctejtexe (mt;t;t *tKt JtFt;t)?vtrcjtf hejtuNtlt yltu mttuNtegtjt yufxeJtexe

ctulfekdt §lxegth

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dt;t JtMtuo mttbttlgt mttCttyu ftuE mtnfthe ctukflte btsoh vt{vttuLjt ytJtu ;ttu ;tu mJtefthJttlte mt@tt cttuzo ltu ytvtujt n;te. su yltwmtk"ttltu Jtztu'htlte JtMto 1970 bttk m:tvttgtujte yltu ctu NttFtt "thtJt;te ;tubts ltVtu fh;te cthtuzt x[uzmto ftu-ytuvt ctukflte btsoh vt{vttuLjt ytJt;ttk ;tu vt{vttuLjt cttuzou mJteftheltu heLJto ctukf ;tubts dtwsht;t htsgt lttk mtnfthe Ftt;ttbttk bttufjte ytvtujt Au. sultu xqkf mtbtgtbttk btkswhe btGu yuJte ytNtt Au.

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obtuGJtu Au. yu 'hbgttlt ;tuytu mtt:tu bttrn;te SKtfthe yt'tlt vt{'tlt fhJttbttk ytJtu Au. NttGtltt rJt$t:teytultu cturlfkdt rJtNtu ovt{t:trbtf bttrn;te btGe hnu ;tu bttxu mtwh;t ;tubts Ct~at Ftt;tu rJt$t:teytuyu ctulflte btwjttft;t jtE, bttrn;te vt{tv;t fhe n;te.

Aujjtt 25 JtMto:te 1jte yurvt{jtu s lttKttkfegt vtrhKttbttu Atvttbttk ;tubts ctulflte JtuctmttEx vth hsw fheltu ctukf vtth'Ntof;ttlttu W@tbt ltbtqlttu vtqhtu vttz;te ytJte Au.

ctulfu, mJtbttjtefe lttk %%vt{tEbt ntWmt^^ Ftt;tu, ~Vxtuvt mttujth mtemxbt jtdttze subttk mtVG;tt vt{tv;t :t;tt ctulfltt mtCttmt'tu ltu mttujtth rmtmxbt Fthe'Jtt bttxu jttult ytvtJttlte Nt~ fhJttbttk ytJte, su yk;tdt;to fwjt 44 Ftt;tu'th ltu ~t. 1.15 fhtuz lte jttult ytvtJttbttk ytJte.

heLJto ctulflte bttdto'rNtft yltwmtth, ctulfltt attuFFtt ltVtlttk 1Ù lte btgtto'tbttk hneltu ctulfu JtMto 'hbgttlt, W"tltt W"ttudtltdth mtk"t atuhexuctjt VtWltzuNtlt «tht attjt;te vtu:ttujttuB jtucttuhuxheltu mtt"tlt JtmttJtJtt ~t. 4.00 jttFt ltwk 'tlt ytvtJttbttk ytJgtwk n;twk ;tubts ~t. 2.50 jttFt dtwsht;tlte mtwsjtbt mtwVjtbt gttusltt ylJtgtu sG mtkatgt Vkz vtuxu ytvtJttbttk ytJgtwk n;twk Wvthtk;t vtwjttJtt ntultth;tbttk Ntne'tultt vtrhJtthltu yt:teof he;tu bt''~vt :tJtt %%Ctth;t fu Jteh^^ mtkm:ttltu ~t. 1 jttFt ltwk 'tlt ytvtJttbttk ytJgtwk n;twk. atuhexe Vkz Ftt;tu cttfe hnujt hfbt ltu vtAelttk JtMttuobttk Jttvthe Ntft;te lt ntugt, cttuzo atuhexe Vkz Ftt;tu hnujt ~t. 93,26,000/- lte hfbt mxuagtwxhe heLJto Vkz Ftt;tu ;tct'ejt fhJtt CtjttbtKt fhujt Au.

;tt. 14-11-2018 lttk htus ctulfu 25bttk JtMto bttk btkdtG vt{JtuNt fgttuo Au. mtbtdt{ JtMto mttbttBf, mttkmf]r;tf, NtiHtKtef Jtdtuhu mtuJttytu :tfe WsJtKte fhJttltwk ltffe fhJttbttk ytJgtwk Au. su yk;tdto;t JtMto 'hbgttlt lteatu btwsct vt{Jt]r;t fhJttbttk ytJte.- NttGt lttk rJt$t:teoytultu ctulflte btwjttft;t fhtJte ctukf rJtMtu bttrn;te ytvtJttbttk ytJte.- NttGtytubttk rat*t mvt"tto ltwk ytgttuslt fhJttbttk ytJgtw.- Jtgtmf lttdtheftu bttxu ytkFt ;tvttmt lttu ftgto_bt gttusJttbttk ytJgttu n;ttu.- 'rHtKt dtwsht;t rm:t;t mtnfthe ctulftu bttxu fhtWfu mtekdtedt nheVtE htFtJttbttk ytJte.- vt{tEbt ctulf ltt mtbtdt{ fbtoattheytu bttxu rJtrJt"t hbt;t mvt"tto subt fu fuhbt, atumt, xuctjtxultemt ltwk ytgttuslt fhJttbttk

ytJgtwk n;twk.- ctulf lttk %%vt{tEbt ntWmt^^ Ftt;tu mvttuxomt ~bt lte JgtJtm:tt WCte fhJttbttk ytJte.- 'rHtKt dtwsht;t rm:t;t mtnfthe ctukftu bttxu xuctjt xultemt mvt"tto ltwk ytgttuslt fhJttbttk ytJgtwk.- ctukf lttk fbtoattheytu bttxu EltntWmt x[ultekdt ltwk ytgttuslt fhJttbttk ytJgtwk.- dtwsht;t ftu.ytu. ctulf VuzhuNtlt ytgttuB;t htsgt m;th lte r_fux btuatbttk ctuklfu 'Second Runner up'' yuJttuzo btuGJgttu.

11

12

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yturzx ElmvtufNtlt -

`""ttksjte -

ytCtth -

ctulf «tht ybtjte Elxhltjt yturzx, ftulfhlx yturzx Wvthtk;t dtwsht;t mthfth mtnfthe Ftt;tt «tht rltgtwf;t yturzxh jttjtvtwhegtt Nttn yulz yumttumtegtux, Jtztu'ht, «tht ctulfltwk r*tbttrmtf "ttuhKtu ytuzex mtkvtË :tgtwk yltu ctulfltu ytuzex dt{uz %y^ attjtw htFtujt Au.

;tt. 17-01-2019 lttk htus ctuklflttk m:ttvtf atuhbtult ̀ e dttufwjtCttE ctHte mttnuct ltwk yJtmttlt :tgtujt Au. ;tubtltt ftgtoftG 'hrbtgttlt ctulfu fhujt ymtt"tthKt vt{dtr;t lte lttuk"t jtE ctukf ltwk cttuzo ytuV rzhufxmto ;tuytultt yt;bttltu vthbtt;btt rathNttkr;t yvtuo ;tuJte vt{t:toltt fhu AU.

JtMto 'hrbgttlt mtJto ftuE ;thV:te btGujt vt{;gtHt ydth vthtuHt mtnfth ct'jt cttuzo ytuV zehufxmto mtJtuoltwk ÒKt mJtefthu Au.

ctulf «tht ybtjte Elxhltjt yturzx, ftulfhlx yturzx Wvthtk;t dtwsht;t mthfth mtnfthe Ftt;tt «tht rltgtwf;t yturzxh jttjtvtwhegtt Nttn yulz yumttumtegtux, Jtztu'ht, «tht ctulfltwk r*tbttrmtf "ttuhKtu ytuzex mtkvtË :tgtwk yltu ctulfltu ytuzex dt{uz %y^ attjtw htFtujt Au.

;tt. 17-01-2019 lttk htus ctuklflttk m:ttvtf atuhbtult ̀ e dttufwjtCttE ctHte mttnuct ltwk yJtmttlt :tgtujt Au. ;tubtltt ftgtoftG 'hrbtgttlt ctulfu fhujt ymtt"tthKt vt{dtr;t lte lttuk"t jtE ctukf ltwk cttuzo ytuV rzhufxmto ;tuytultt yt;bttltu vthbtt;btt rathNttkr;t yvtuo ;tuJte vt{t:toltt fhu AU.

JtMto 'hrbgttlt mtJto ftuE ;thV:te btGujt vt{;gtHt ydth vthtuHt mtnfth ct'jt cttuzo ytuV zehufxmto mtJtuoltwk ÒKt mJtefthu Au.

mtwh;t.

;tt. 10-06-2019

rsk'dte yuxjtu....

Ctq;tftGlte atbtatebttk....

CtrJtMgtltwk jtekctw jtEltu....

Jt;tobttlt bttk 'tuzJtwk.... !!!!

ytltk' ctHte

atuhbtult

13

Auditor 's Report

TO,

All the Share-holders and Board of Directors

Prime Co-operative Bank Limited

"PRIME HOUSE" Plot No. B-123,

Udhana Udhyog Nagar, Road No. 9,

Udhana, Surat - 394 210.

Report on Financial Statements

1. We have been appointed as statutory auditors of your Bank for the financial year 2018-19 vide

Order No. ASN / J-4 / 301 / 2018 dated 19-06-2018 BY The Hon'ble ble Registrar, Co-operatve Society,

Gandhingar, Gujarat State. Subject to the condition of the order and the guidelines issued from time to

time and the information provided by the bank during the course of our audit work, we submit the

attached audited Balance Sheet of your Bank as on 31 st March, 2019 and also the Profit and Loss

Account and Cash Flow Statement for the year ended on the date as annexed thereto

Management's Responsibility for the Financial Statements

2. Management of the Bank is responsible for the preparation of these Financial Statements that

give true and fair view of the financial position and financial performance of the Bank in accordance with

the Gujarat Co-Coperative Societies Act 1961, complying with Reserve Bank of India Guidelines from

time to time. This responsibility includes the design, implementation and maintenance of internal control

relevant to the preparation and fair presentation of the financial statements that are free from material

misstatement, whether due to fraud or error.

Auditor's Responsibility

3. Our responsibility is to express an opinion on these financial statements based on our audit. We

have 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 ethical requirements and

plan and perform the audit to obtain reasonable assurance about whether the financial statements are

free from material misstatement.

4. An audit involves performing procedures to obtain audit evidence about the amounts and

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 internal control relevant to the

entity'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 management,

as well as evaluating the overall presentation of the financial statements.

5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a

basis for our audit opinion.

Prime Co-op. Bank Ltd.

14

Opinion

6. In our opinion, and to the best of our information and according to the explanations given to us,

the said accounts subject to "Samanay Shero Part 1 and Samanay Shero Part 2 along whith its

Annexure - attached herewith" and together with the significant accounting policies and notes on

accounts give the information required by the Banking Regulations Act, 1949 as well as the

Gujarat Co-Operative Societies Act 1961, in the manner so required for the Co-operative Bank

and 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 Bank as at 31 March, 2019. and

(b) in the case of Profit and Loss Account of the Profit / Loss for the year ended on that date. and

(c) in the case of the Cash Flow Statement, of Cash Flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

7. The Balance sheet and the Profit and Loss Account have been drawn up in Forms "A" and "B"

respectively of the third schedule to the Banking Regulation Act, 1949 and provisions of the

Gujarat Co-operative Societies Act, 1961 and Gujarat Co-operative Societies Rules, 1965.

8. 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 and have found them to be satisfactory.

(b) The Balance Sheet and Profit and Loss Account Dealt with by this report are in agreement with

the books of Account and Returns;

(c) In our opinion proper books of account as required by law have been kept by the Bank

(d) In our opinion the Balance Sheet and Profit and & Loss Account dealt with by this report

generally comply with the mandatory Accounting Standards applicable to the bank.

(e) The transactions of the Bank which have come to our notice are within the powers of the Bank.

(f) The returns received from the offices and branches of the Bank have been found adequate for

the purposes of our audit.

(g) Report as per the Gujarat Co-Operative Societies Act 1961 (Part-1, Part-2 & Annexur- A, B, C, D,

E Statements and Patraks) is annexed hereto.

(h) We believe that the audit evidence we have obtained is sufficient and appropriate to provide a

basis for our audit opinion.

Prime Co-op. Bank Ltd.

For, Lalpuria Shah & Associates

Chartered Accountants

Panel No. 714

Firm Reg. No. 136086W

CA Mukesh V. Shah

(Partner)

M. No. 037661

Date : 18-04-2019

Place : Vadodara

15

Prime Co-op. Bank LtdProfit and Loss Account for the year ended 31-03-2019

31/3/2018 31/3/2019

Audited Audited

1 Interest on deposits, borrowings, etc.

2 Salaries and allowances and provident Fund

3 Directors' and local committee members fees and allowances

4 Rent, taxes, insurance, lighting, etc.

5 Legal & Consultation charges

6 Postage, leaseline and telephone charges

7 Auditor's fees

8 Depreciation on and repairs to property

- Depreciation

- Repair and maintenance

9 Stationary, Printing & advertisement tec.

10 Loss from Sale of or Dealing with Non-banking Assets

11 Other expenditure

12 Assets written off

(a) Merged bank loss

(b) Bad debts

(c) Assets other than advances

13 Provision for

(a) NPA

(b) Investment Depreciation

(c) Standard assets

14 Income - Tax

for current year

for previous year

I tax provision of earlier years written back / refund

15 Deferred Tax

16 Profit for the year

Total

EXPENDITURE

632,006,012.86

134,041,027.13

33,071,190.22

1,186,987.00

3,874,041.42

782,352.00

18,964,423.50

4,387,880.26

3,068,214.11

129,242.00

55,692,326.16

3,670,000.00

37,109.00

20,900,871.00

1,056,000.00

61,200,000.00

(18,566,008.00)

1,861,915.00

144,372,496.50

1,101,736,080.16

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

19,053,636.15

3,617,765.99

175,758.00

(12,500,000.18)

12,500,000.18

77,500,000.00

3,694,740.03

(3,541,896.00)

621,225,467.67

151,487,178.72

33,382,995.52

4,581,363.62

3,441,904.33

1,128,600.00

22,671,402.14

.

.

3,062,533.32

14,901.00

49,294,083.21

175,758.00

77,652,844.03

2,529,933.00

156,473,228.15

1,127,122,192.71

.

.

.

.

.

.

.

.

.

.

INCOME

593,590,427.66

462,166,446.95

13,552,553.02

466.00

54,664,228.08

3,148,071.00

1,127,122,192.71

.

.

.

578,037,837.84

447,067,717.83

13,243,743.27

420,102.00

52,164,142.22

10,802,537.00

1,101,736,080.16

.

.

.

1 Interest and discount on advances

2 Interest & Discount on Investment

3 Commission, exchange and brokerage

4 Subsidies and donations

5 Income from Non-banking Assets and Profit from Sale or

Dealing with such Assets

6 Other receipts

7 Profit on Sale of Government Security

8 Deferred Tax

Total

For Lalpuria Shah & AssociatesChartered Accountants

Panel No. 71418-04-2019

CA Mukesh V. Shah (Partner)M. N. 037661

Anand BakshiChairman

Champaben MakwanaVice Chairperson

Radhekishan RuchandaniManagig Director

Mukesh BombaywalaKishorbahi Bhrahmbatt

Kanubhai TailorMahesh DesaiParimal Vyas

Dharmesh ChorawalaHema MishraDhiraj Shah

Director

Vijay ParekhExecutive Director

16

Prime Co-op. Bank LtdBalancesheet As At 31st March 2019

31/3/2018 Capital & Liabilities 31/3/2019

1- CAPITAL

i- Authorised Share Capital

50,00,000 (50,00,000) Share of Rs. 100- Each

ii- Subscribed Share Capital

2710998 (2527646) Share of Rs. 100/- Each

(iii) Amount called up

2710998 (2527646) Share of Rs. 100/- Each

Iess call unpaid

of (iii) above, held by

(a) Individuals

(b) Co-operative institutions

(c) State Government

2- RESERVE FUND AND OTHER RESERVE

(a) Statutory Reserve

(b) Building Fund

(c) Special Building fund

(d) Bad and Doubtful Debts Reserve

(e) Investment Fluctuation Reserve

(f) General Reserve

(g) Special Reserve

(h) Charity Fund

(i) Propaganda Fund

(j) Investment Depreciation Reserve

(k) Contingency Reserve Fund

(l) Silver Jubilee Fund

(m) Other fund and Reserve

(i) Provision for Bad & Doubtful debts

(ii) Provision for investment depreciation

(iii) Standard assets provision

(3) THE PRINCIPAL/SUBSIDIARY STATE PAR. FUND

(4) DEPOSITS AND OTHER ACCOUNTS

(a) Fixed Deposit

(a) Individuals

(b) Central co-operative banks

(c) Other societies

(b) Saving Deposit

(a) Individuals


(c) Other societies

(c) Current Deposit

(a) Individuals


(c) Other societies

(d) Money at Call and short notice

5 - BORROWINGS

(1) From the Reserve Bank of India / State / Central

co-operative bank

(a) Short - term loans, cash credits and overdrafts

of which secured against

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

252,764,600.00

2,527,64,600.00

319,999,349.63

93,133,445.16

5,251,125.00

68,739,000.00

43,258,000.00

10,947,391.31

65,992,653.00

8,382,146.00

4,878,478.00

7,683,500.00

11,042,283.50

12,500,000.18

64,404,000.00

21,056,000.00

6,507,164,932.57

66,721,005.03

2,375,427,097.13

12,458,428.35

1,965,087,407.46

8,780,980.98

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

500,000,000.00

64,404,000.00

33,556,000.18

7,205,451,495.04

69,642,711.03

2,473,181,070.94

20,918,038.42

1,798,152,057.12

2,178,704.33

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

..

.

.

.

.

.

.

271,099,800.00

271,099,800.00

357,011,789.13

96,312,545.16

5,251,125.00

90,395,000.00

60,850,237.00

15,995,891.31

77,746,251.00

9,326,000.00

4,878,478.00

7,683,500.00

13,161,683.50

10,000,000.00

97,960,000.18

7,275,094,206.07

2,494,099,109.36

1,800,330,761.45

.

.

.

.

.

.

.

.

.

.

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.

.

.

.

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.

.

.

.

.

.

.

271,099,800.00

846,572,500.28

11,569,524,076.88

17


31/3/201931/3/2018 Property and Assets

1- Cash

In Hand and with Reserve bank of India, State Bank of India,

state Co - Operative Bank and Central Co-Operative Bank

(a) on hand

(b) in current account

(c) in Fixed deposit

2- BALANCE WITH OTHER BANK

(a) Current Deposit

(b) Savings bank deposits

(c) Fixed Deposit

3- MONEY AT CALL AND SHORT NOTICE

CBLO Lending

Call money

4- INVESTMENT

(a) In Central and State Government securities

at book value

Face value

Market value

(b) Other Trustee securities

(c) Shares in co-operative institutions other than in item

(5) below

(d) Debt Fund

5- INVESTMENT OUT OF THE PRINCIPAL / SUBSIDIARY

STATE PARTNERSHIP FUND

6 ADVANCES

(a) Short-term loans, cash credits, overdrafts and bills

discounted

Of which secured against :

(a) Government and other appoved securities

(b) Other tangible securities

of the advances, amount due from individuals

Amount overdue

Considered bad and doubtful of recovery

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

165,704,949.00

322,435,121.23

739,724,916.00

349,103,347.36

571,018,218.00

249,438,619.50

4,204,426,579.00

(4,145,180,000.00)

(4,131,311,668.52)

46,000.00

1,941,978,888.56

(43,810,317.48)

(1,898,168,571.08)

(36,103,955.58)

(33,642,641.58)

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

4,234,030,000.00

4,267,666,626.00

58,739,022.54

2,046,584,768.06

37,078,674.00

34,429,560.00

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

102,928,637.00

307,041,661.79

707,033,108.00

315,076,663.87

711,729,600.00

4,288,932,559.00

41,000.00

2,105,323,790.60

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

1,117,003,406.79

1,026,806,263.87

4,288,973,559.00

6,271,760,491.77

18

Prime Co-op. Bank Ltd

Balancesheet As At 31st March 2019

31/3/2019

(1) Government and other approved securities

(2) Other tangible securities

(b) Medium - term loans of which secured against

(c) Long - term loans of which secured against

(2) From the State Bank of India

(a) Short - term loans, cash credits and overdrafts


(1) Government and other approved securities

(2) Other tangible securities

(b) Medium - term loans of which secured against

(c) Long - term loans of which secured against

(3) From the State Government

(4) Loan from other sources (source and security to

be specified)

6 - BILLS FOR COLLECTION

Being bills receivable as per contra

7 - BRANCH ADJUSTMENTS

Branch Adjustment

8 - OVERDUE INTEREST RESERVE

Overdue Interest Reserve

9 - INTEREST PAYABLE

Interest Payable

10 - OTHER LIABILITIES

(a) Bills payable

(b) Unclaimed dividends

(c) Sundries Account

(d) Interest Accrued

(e) Other Payable (Unclaimed Credit)

(f) Other Deposit (Locker & Demate)

(g) clearing Difference

(h) Provision For Expenses

(i) I-Tax Provision

(i) Provision for Assets other than advances

(k) Retirement Fund

(l) Deferred Tax (Netting with Deferred Tax Assets)

(m) Suit File Recovery

(n) Income in advance

11 - PROFIT AND LOSS

Profit as per last balance - sheet

Less appropriations

Add profit for the year brought from the Profit

and Loss Account

12 - CONTINGENT LIABILITIES

Outstanding liabilities for guarantees issued

Others - DEAF

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

2,069,249.00

66,854,074.40

11,998,399.14

14,989,731.91

4,593,820.00

255,028.45

6,616,567.20

74,492,560.00

6,620.00

3,556,015.100

62,381,610.00

1,000,000.00

38,233,833.22

12,060,624.00

3,153,842.61

75,906.44

106,350,280.93

(106,350,280.93)

144,372,496.50

12,407,564.00

26,276,816.47

12,372382,201.17

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

10,331,450.00

43,047,010.64

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

275,039.00

79,891,614.90

9,443,178.00

22,605,479.33

4,485,654.00

157,744.00

.

6,898,218.28

79,333,945.00

34,299.00

3,879,710.60

78,681,610.00

1,200,000.00

39,230,773.90

11,950,643.00

3,747,108.61

49,783.12

.

144,372,496.50

(144,372,496.50)

156,473,228.15

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

275,039.00

79,891,614.90

9,443,178.00

252,254,968.84

156,473,228.15

.

.

.

.

.

.

.

13,185,534,406.05

Capital & Liabilities31/3/2018

19

Property and Assets


31/3/201931/3/2018

(b) Medium - term loans


(a) Government and other approved securities


of the advances, amount due from individuals

Amount overdue


(c) Long - term loans


(a) Government and other approved securities


of the advances, amount due form individuals

Amount overdue


7- INTEREST RECEIVABLE

of which overdue


8- BILLS RECEIVABLE BEING FOR COLLECTION AS

Per contra

Bills Receivable

9- BRANCH ADJUSTMENTS

Branch Adjustment

10- PREMISES LESS DEPRECIATION

Premises

11 - ALL OTHER FIXED ASSETS LESS DEPRECIATION

Furniture Fixture, Computer, Electrification, etc.

12- OTHER ASSETS (to be specified)

(a) Stationary and Stamp (including Franking)

(b) Prepaid Expenses

(c) Deposit (including Pan Card)

(d) Deposit with Land lord

(e) Other receivable

(f) Clearing Difference

(g) Advance Tax including TDS

(h) Festival Advance

(h) Retirement benefit Investment

Total

161,536,779.59

(91,138,743,00)

(7,664,606.00)

(6,650,598.00)

3,224,112,295.77

(151,718,758.00)

(3,072,393,537.77)

(26,667,845.24)

(15,089,971.24)

192,778,850.32

(66,854,074.40)

(66,854,074.40)

2,069,249.00

61,683,947.00

60,922,009.53

9,281,546.65

1,324,825.00

5,463,717.34

10,266,691.00

1,294,719.04

107,628.00

58,344,051.06

1,085,420.00

38,233,833.22

12,372,382,201.17

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

97,653,580.10

.

12,245,441.12

11,597,630.00

.

.

9,675,506.00

3,879,358,216.42

.

21,496,146.05

18,902,646.80

.

79,891,614.90

79,891,614.90

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

3,889,033,722.42

225,357,941.82

275,039.00

55,515.551.00

56,479,361.38

5,903,479.65

2,773,035.00

5,566,813.00

9,943,538.00

923,180.59

77,708,403.28

1,313,568.00

39,230,773.90

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

225,357,941.82

275,039.00

55,515.551.00

56,479,361.38

143,362,791.42

13,185,534,406.05

For Lalpuria Shah & AssociatesChartered Accountants

Panel No. 71418-04-2019

CA Mukesh V. Shah (Partner)M. N. 037661

Anand BakshiChairman

Champaben MakwanaVice Chairperson

Radhekishan RuchandaniManagig Director

Mukesh BombaywalaKishorbahi Bhrahmbatt

Kanubhai TailorMahesh DesaiParimal Vyas

Dharmesh ChorawalaHema MishraDhiraj Shah

Director

Vijay ParekhExecutive Director

20

NOTES FORMING PART OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 2019

(A). SIGNIFICANT ACCOUNTING POLICES AND NOTES TO FINANCIAL STATEMENTS :

I. ACCOUNTING CONVENTIONS:

The accompanying financial statements are prepared under the historical basis and confirm, in all material aspects, to

generally accepted accounting principles (GAAP) in India which comprise the statutory provisions, guidelines of

regulatory authorities - The Gujarat State Cooperative Societies Act, 1961 , The Institute of Chartered Accountants of India

& Banking Regulation Act 1949 (as applicable to cooperative Societies) & rules made there under and guidelines of

regulating authorities & Reserve Bank of India.

II. USE OF ESTIMATES:

The preparation of the financial statements, in conformity with generally accepted accounting principles, requires

management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and

expenses and disclosure of contingent liabilities at the date of the financial statements. Actual results could differ from

those estimates. Management believes that the estimates used in the preparation of the financial statements are prudent

and reasonable. Any revision to the accounting estimates are recognized prospectively.

III. REVENUE RECOGNITION:

a. Interest Income on standard advances are recognized on accrual basis.

b. Income from non-performing assets is recognized to the extent realized, as per the directives issued by RBI.

c. Interest on Government securities, debentures and other fixed income securities is recognized on accrual basis.

Income on discounted instruments is recognized over the tenor of the instrument on a straight-line basis.

d. All other income such as commission, exchange, brokerage and income from para-banking activities as well as sale of

assets are recognized on actual or cash or receipt basis as directed by RBI.

e. Dividend income is accounted, as and when received.

IV. ADVANCES

a) The classification of advances into Standard, Sub-standard, Doubtful and Loss assets as well as provision on non-

performing advances has been arrived at in accordance with the guidelines issued by the RBI from time to time. In addition

to this, a general provision on standard assets has been made as per the guidelines issued by the RBI from time to time on

a segment basis.

b) The overdue interest in respect of non-performing advances is provided separately under “Overdue Interest Reserve”

as per the directives issued by RBI.

c) In respect of non-performing loan accounts subjected to restructuring, the account is upgraded to standard only after a

period of one year after the date when first payment of interest or principal, whichever is earlier, falls due, subject to

satisfactory performance of the account during the period.

d) Provision made against standard assets is disclosed separately under other liabilities and is not netted off against

advances.

e) Partial recovery made in Suit Filed accounts is disclosed separately under other liabilities and is not netted off against

advances.

V. FIXED ASSETS:

a) - Fixed Assets are stated at cost of acquisition or construction less accumulated depreciation.

- Fixed Assets are Capitalized at cost inclusive of GST, legal and/or installation expense.

- Fixed assets purchased during the year having individually costing less than Rs. 5000/-, are accounted to profit and loss

account.

b) Expenditure incurred on rented premises, which add the life of the premises are capitalized and depreciation is provided

@10% w.d.v.

c) Nonrefundable deposits paid for accruing the Lease Hold premises is being amortized over the period of lease.

Capitalized expenses incurred on leasehold assets is Capitalized separately and depreciation provided on such assets at

WDV method.

d) Depreciation is charged over the estimated useful life of the fixed assets on written down value methods except the

computers.

21

VI. INVESTMENTS:

a) Categorization of Investment:

In accordance with guidelines issued by RBI, the Bank classifies its investment portfolio into the following three categories:

i) 'Held to Maturity' – Securities acquired by the Bank with the intention to hold till maturity.

ii) 'Held for Trading' – Securities acquired by the Bank with the intention to trade.

iii) 'Available for Sale' – Securities which do not fall within the above two categories are classified as 'available for sale'.

b) Classification of Investments:

For the purpose of disclosure in the Balance Sheet, Investments have been classified under four groups as required under

RBI guidelines –

(i) Government Securities

(ii) Other trustee Securities

(iii) Shares in co-operative institutions

(iv) Other Investments.

c) Investments classified as held to maturity are carried at acquisition cost unless it is more than face value, in which case

the premium is amortized over the period remaining to maturity.

d) Investments classified as Held for Trading and Available For sale are marketed to market script wise and the resultant

depreciation is recognized in profit & loss account. Net depreciation is ignored.

e) Transfer between categories is done at the lower of the acquisition cost/book value/market value on the date of the

transfer and depreciation, if any, on such transfer is fully provided for in accordance with the RBI guidelines.

f) Profit or loss on sale/redemption of investments.

- Held for trading and available for sale – Profit or loss on sale/redemption is included in the profit and loss account.

- Held to maturity - Profit or loss on sale/redemption is included in the profit and loss account. In case of profits, the same is

appropriated to Investment fluctuation reserve after adjustments for tax and transfer to statutory reserve.

g) Balance with other banks

Fixed deposits with other banks include

FD of Rs. 1033.83 lacs for LC/G'tee facility for our constituent

- FD of Rs. 1807.13 lacs for overdraft facility to meet with unforeseen need.

- FD of Rs. 10.00 lacs for foreign currency Prepaid card.

VII. EMPLOYEE BENEFITS

a. Defined Contribution Plan

Banks contribution paid/payable during the year to Employees Provident Fund are recognized in the Profit & Loss

account.

b. Defined Benefit Plan

1. Gratuity: Gratuity liability is defined benefit obligation and is provided for on the basis of an actuarial valuation

determined by Life Insurance Company by paying premium under Group Gratuity Scheme.

2. Leave Encashment: Leave Encashment liability is defined benefit obligation and is provided for on the basis of an

actuarial valuation determined by LIC of India by paying premium under Group Leave Encashment Scheme.

3. Short term employee benefits are recognized as an expense at an undisclosed amount in the profit and loss

account of the year in which the related services rendered.

Nature of Assets

Premises - Land and Building

Furniture & Fixtures, Electrical Fittings, Locker Cabinet &

Strong Room, fire extinguisher

Motor Vehicles, Air Conditioners & All Other assets

Computers & Computers Software

Solar Syatem

Rate of Depreciation

10%

10%

15%

33.33%

80%

Method

WDV

WDV

WDV

SLM

WDV

22

VIII. SEGMENT REPORTING

In accordance with the guidelines issued by RBI, Bank has adopted Segment Reporting as under:

a. Treasury includes all investment portfolio (including investment in the form of fixed deposits with other banks), profit/loss

on sale of investments, profit/loss on foreign exchange transactions, equities and money market operations. The

expenses of this segment consist of interest expenses on funds borrowed from external sources and depreciation on

investment & amortization of premium on Held to Maturity category investments.

b. Other Banking Operations include all other operations not covered under Treasury operations.

c. Interest paid/payable on deposits and borrowings are allocated in the ratio of “total assets” to “total assets under

treasury segment” as on date of balance sheet.

d. Income Tax is shown under unallocated expenses.

IX. RELATED PARTY DISCLOSURE

The Key Management Personnel consist of the Directors and the Chief Executive of the Bank.

X. OPERATING LEASES

Lease rental obligations in respect of assets taken on operating lease are charged to profit and loss Account on straight-

line basis over the lease term. Initial direct costs are charged to profit and loss account.

XI. REGROUPING OF PREVIOUS YEAR FIGURES

Figures of the previous year have been regrouped & rearranged/re-casted wherever considered necessary.

XII. TAXES ON INCOME

a. Provision for current tax is made on the basis of estimated taxable income for the year.

b. Deferred tax is recognized, subject to consideration of prudence, on timing difference, representing the difference

between taxable incomes and accounting income that originated in one period and is capable of reversal in one or more

subsequent periods. Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted

or substantially enacted by the Balance Sheet date.

XIII. IMPAIRMENT OF ASSETS

Since the bank has ascertained that there is no material impairment of any of its assets, except advances 100% provision

on account of impairment of these assets is made by the Bank.

XIV. PROVISIONS, CONTINGENT LIABLITIES AND CONTINGENT ASSETS:

a. A provision is recognized when the Bank has a present obligation as a result of past event where it is probable that an

outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made.

b. Provisions are not discounted to its present value and are determined based on best estimate required to settle the

obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current

best estimates.

c. When there is a possible or a present obligation in respect of which the likelihood of outflow of resources is remote, no

provision or disclosure is made.

d. Contingent assets are not recognized in the financial statements. However, contingent assets are assessed continually

and if it is virtually certain that an inflow of economic benefits will arise, the asset and related income are recognized in the

period in which the change occurs.

e. All guarantees issued by the Bank are financial guarantees and against 100% margin in the form of liquid security and

counter indemnity.

Guarantees/letter of credit issued on behalf of bank's constitutes by correspondent bank are also backed by 100% margin

provided by the respective constituents in the form of liquid security and counter indemnity.

B. NOTES ON ACCOUNTS

I. DISCLOSURE OF INFORMATION AS PER RBI GUIDELINES

(As per RBI circular UBD.CO.BPD.(PCB)Cir.No.52/12.05.001/2013-14 dated March 25, 2014.)

Sr. No. Particulars 31-03-2018 31-03-2019

i)

ii)

iii)

Capital to Risk Assets Ratio

MOVEMENT OF CRAR :

Tier I Capital

Tier II Capital

Total Capital

Total Risk Weighted Assets

Investment (Includes Govt., Other Trust Securities, Bonds & shares

a) Book value & Face value of Investments

- Book value

- Face value

b) Market Value of Investments

15.60%

8258.15

1380.85

9639.00

61787.76

42889.33

42340.30

42676.67

16.16%

7436.28

1092.24

8528.52

52772.45

42044.27

41451.80

41079.12

(Rs. in Lacs)

Non Performing Non-SLR Investments

Particulars Amount

Opening Balance

Addition during the year

Reduction during the year

Closing Balance

Total Provisions Held

0.00

0.00

0.00

0.00

0.00

Sr. No.

Issuer AmountExtent

Investments gradeSecurities

Of Below Extent 'unrated'

Securities

Of Extent 'Unlisted'Securities

Of

PSUs

Fls

Public Sector

Mutual Funds

Others

Provisions held

1.

2.

3.

4.

5.

6.

00.00

0.00

0.00

0.00

0.41

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.41

0.00

0.00

0.00

0.00

0.00

0.00

0.00

c) Issuer Composition of Non SLR Investments

23

24

2017-18 201-19

Advances Against

- Real estate

- Construction business

- Housing

.

8291.04

495.92

2794.85

.

5312.57

0.00

2766.48

iv)

Advances against Shares & Debentures 0.000.00v)

Advances to directors, their relatives, cos., firms in which they are

interested (Against Fixed Deposit)

a) Fund based (Limit Sanctioned)

b) Non fund based

vi)

6.27

0.00

6.01

0.00

Average cost of deposits 5.66%5.86%vii)

NPAs

Gross NPA

% of Gross NPAs to Loans

Net NPA

% of Net NPAs

694.28

1.11%

0.00

0.00%

634.74

1.19%

0.00

0.00%

viii)

Movement of NPAs

ix)

634.74

76.44

711.18

16.90

694.28

0.00

601.91

107.47

709.38

74.64

634.74

0.00

Opening Balance

Additions during the year

Total

Less: Reduction During the year

Gross NPA

Net NPAs

Profitability

Interest Income as a % of average working funds

8.52%8.53%

Non-Interest Income as a % of average working funds

0.58%0.58%

Operating profit as a % of averageworking funds

2.07%1.57%

Return on average Assets 1.91%1.57%

Business(Deposits+Advances) Per employee

540.64478.27

Profit per Employee 4.744.25

x)

JttG mtVu' fhJttbttk s rsk'dte ltefGe SgtftGt fhJtt bttxu ;ttu yz"ttu fjttf s SuEyu.

25

a. No. of borrowersb. Amount outstandingc. Sacrifice

Total 16.980.00

00.000.00

4849.39

0.00


Doubtful Advances 00.000.00

00.000.00

00.000.00


Sub-standard Advances 00.000.00

00.000.00

00.000.00

Classification of advances Particulars Housing Loan SME Others


Standard Advances 16.980.00

00.000.00

4849.39

0.00

Movement in Provisionxii)

Provisions Towards:

a) NPA (including BDDR)

b) Depreciation in Investments

c) Standard Assets

903.95

644.04

335.56

812.39

644.04

210.56

xi)

Particulars Opening Addition Reduction ClosingSr. No

Towards NPAsa. 125.00 0.00 125.00 0.00

Investment depreciationb. 644.04 0.00 0.00 644.04

Towards Standardassets

c.

Prov. For Specifiedassets

d.

210.56

10.00

125.00 0.00 335.56

2.00 0.00 12.00

The Bank has made provision of Rs.42.82 lacs @5% on restructured advances under the head of Standard Assets Provision.xvii) Fixed Assets-Valuation/RevaluationFixed assets are shown at the cost and no revaluation is done.xviii) Unclaimed liabilities under DEAF scheme 2014

xiii) Foreign Currency Assets &Liabilities : NIL

xiv) Payment of insurance premium to DICGC

During the year bank has paid Rs. 1,09,78,447 (Excluding GST) (Previous year Rs. 1,10,42,628) towards

Insurance Premium on deposits to DICGC as per norms prescribed by the Reserve Bank of India.

xv) Penalty imposed by RBI during the year. - NIL

xvi) Restructured Accounts : (Rs. in lacs)

Particulars

Opening Balance of amounts transferred to DEAF in Contigent A/c.

Add. : Amounts transferred to DEAF during the year

Less : Amounts reimbursed by DEAF towards claims

Closing balance of amounts transferred to DEAF in Contigent A/c.

Closing balance of DEAF at RBI

Claim Receivable

2018-192017-18

262.99

174.44

6.81

430.47

430.61

0.15

195.97

69.86

5.29

262.77

262.99

0.22

26

II CLASSIFICATION AND VALUATION OF INVESTMENTS

The bank has classified as per RBI Guidelines as under

(1) SLR Investments :

i. Permanent - (HTM Category)

ii HFT

Nil Nil Nil Nil Nil Nil Nil

Particulars

BookValueAs on

31-03-18

BookValueAs on

31-03-19

FaceValueAs on

31-03-18

FaceValueAs on

31-03-19

Mkt.ValueAs on

31-03-18

Mkt.ValueAs on

31-03-19

(Rs. in Lacs)

ii Current Investments

i AFS (Rs. in Lacs)

Particulars

BookValueAs on

31-03-18

BookValueAs on

31-03-19

FaceValueAs on

31-03-18

FaceValueAs on

31-03-19

Mkt.ValueAs on

31-03-18

Mkt.ValueAs on

31-03-19

Approved TrusteeTotal

State Govt Securities

and Central16112.8517114.46 15847.0016847.00 15545.3816393.89

0.0016112.85

0.0017114.46

0.0015847.00

0.0016847.00

0.0015545.38

0.0016393.89

2 BREAK-UP OF TOTAL INVESTMENT

i Held to Maturity

Particulars

BookValueAs on

31-03-18

BookValueAs on

31-03-19

FaceValueAs on

31-03-18

FaceValueAs on

31-03-19

Sr.No.

State and Central Govt. Securities(including T Bill)

0.41

0.00

0.46

0.00

0.41

0.00

0.46

0.00

1 26776.4724929.81 26493.3024604.80

Shares of Co-op. Bank

Others2

3

Total 26776.8824930.27 26493.7124605.26

(Rs. in Lacs)

State Govt Securities

Central Govt Securities

Treasury Bill

Total

21,280.34

3,180.52

468.95

24,929.81

26,363.83

16,525.50

0.00

42,889.33

Particulars Book value as on 31-03-2018 Book value as on 31-03-2019

(Rs. in lacs)

IV RELATED PARTY DISCLOSURE

CEO / EDDirectors / theirrelative

Sr.No.

Particulars

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

9.32

6.27

0.00

0.00

6.52

6.00

6.01

6.28

0.07

NIL

1

2

3

4

5

6

7

8

9

Closing Balance as at year end (fund based) as on 31-3-19

Closing Balance as at year end (Non fund based)

OD limit sanctioned during the year

Loans Disbursed during year

OD limit surrendered during the year

Outstanding OD / Loan as on 31-3-18

Loans / OD outstanding Recovered

Interest Received

Remuneration & Sitting Fees

iii Held for Trading

Particulars

BookValueAs on

31-03-18

BookValueAs on

31-03-19

FaceValueAs on

31-03-18

FaceValueAs on

31-03-19

Mkt.ValueAs on

31-03-18

Mkt.ValueAs on

31-03-19

Nil Nil Nil Nil Nil Nil Nil

(Rs. in Lacs)

iii SEGMENT REPORTING

Particulars TotalBanking

OperationTreasury (Including

Forex)

Segment Revenue

Segment Expenditure

Segment Profit

Unallocated Expenditure

Net Profit

Assets

Liabilities

Capital Employed (Assets-Liacilities)

4675.81

2735.53

1940.28

--

--

42889.74

1329.38

--

6595.41

6196.13

426.28

--

--

88965.61

117784.51

--

11271.22

8904.66

2366.56

801.83

1564.73

131855.35

119113.89

12741.46

(Rs. in Lacs)

ii Available for Sale

Particulars

State and CentralGovt. Securities

Other Investment

16112.85

0.00

0.00

17114.46

0.00

0.00

15847.00

0.00

0.00

16847.00

0.00

0.00

15545.38

0.00

0.00

16393.89

0.00

0.00

BookValueAs on

31-03-18

BookValueAs on

31-03-19

FaceValueAs on

31-03-18

FaceValueAs on

31-03-19

Mkt.ValueAs on

31-03-18

Mkt.ValueAs on

31-03-19

Approved TrusteeSecurities

Total 16112.8517114.46 15847.0016847.00 15545.3816393.89

(Rs. in Lacs)

27

28

Particulars 2018-19

Deferred taxes assets

Arising on account of timing differences

Depreciation

Differed Tax Liabilities

Arising on Account of timing differences

Depreciation

Net deferred Tax Liabilities

1

.

0.00

4.02

35.36

0.00

31.34

V LEASES

The bank has acquired premises for its Sardar Market Branch in Agriculture Producers Marketing

Committee's building on 99 years by lease by paying Non Refundable Deposit of Rs. 32,08,000 in October

1998. The bank has shown under the Fixed Assets and amortized the same in 99 years i.e. over the period

of lease.

VI DEFERRED TAXES

Calculation of deferred Tax assets (Liabilities) (net) as on 31-03-2019 : (Rs. in Lacs)

A. Y. DisputedIssue

Disputedlying

before

DisputedAmountInvolved

Amountof Tax

DemandRaised

DemandAlready

Paid

DemandPayable

VII. TRANSAFER TO/FROM RESERVES

During the year, dividend of Rs.855847/- (2014-2015) being unpaid for the period older than 3 years, has

been transferred to statutory reserve.

VIII PRUDENTIAL WRITTEN OFF

Rs. 238.59 lacs prudentially written off towards bad investment during 2014-15. Out of which Rs 2 lacs

received from Madhavpura Co-op. Bank Ltd., and booked to provision for assets other than advances.

IX As per the instructions of RBI, the accounts in which KYC norms are not complied are frozen and no

operations are allowed in these accounts. The customers are informed to comply with the KYC norms to

commence operations in the account.

X CLAIM AGAINST BANK NOT ACKNOWLEDGED AS CONTIGENT LIABILITY

2014-15 Expenses

disallowed on

proportionate

Tax Free

Income

CIT Appeal

Surat

17,95,228 11,81,610 11,81,610Nil

29

Prime Co-op. Bank Ltd

Cash Flow Statement for the year ended(Rs. In Iacs)

31-03-2019PARTICULARS

CASH FLOW FROM OPERATING ACTIVITIES

Net Profit As per P/L Account

Add. Adjustment for

Depreciation on Assets

Amortisation / Dep. On investment

Provision for Taxation including deferred tax

Provision BDDR

Provision for Standard Assets

Advances written off

Loss on sale of Govt. Securities

Loss on Sale of Assets

Depreciation on Investment

Investment Fluctuation Fund

Assets other than advances writton off

Less :

Transfer Fee

Profit on Sale of assets

Profit on sale of government security

Dividend Received

Deferred tax income

Excess provision written back

Cash Profit Generated Before Working

1,564.73

190.54

82.95

801.83

-

125.00

-

12.46

0.15

-

-

1.75

0.01

-

43.94

0.06

-

125.00

2,610.40

-

30

Prime Co-op. Bank LtdCapital changes

(Increase) / Decrease in Investments

(Increase) / Decrease in Advances

(Increase) / Decrease in Other Assets

(Increase) / Decrease in Deposits

(Increase) / Decrease in Other Liabilities & provision

(Increase) / Decrease in branch adjustment

(Increase) / Decrease in Borrowings

CASH FLOW FROM INVESTING ACTIVITIES :

(Increase) Decrease in Fixed Assets

Sale of Fixed Assets

Profit on sale of investment

Dividend Received

NET CASH USED IN INVESTING ACTIVITIES (B)

CASH FLOW FROM FINANCING ACTIVITIES :

Proceeds from issue of Share Capital

Entrance Fees

Nominal Membership Fees

Education Fund Paid

Transfer Fee

Earlier Period Dividend

Reserve (utilised) / created

Cash & Cash Equivalents at the beginning of the year

Cash & Cash Equivalents at the end of the year

NET CASH GENERATED FROM FINANCING ACTIVITIES(C)

NET INCREASE IN CASH & CASH EQUIVALENTS (A+B+C)

NET CASH GENERATED FROM OPERATING ACTIVITIES (A)

1

(940.42)

(9,430.47)

927.48

6,338.84

(406.56)

-

-

(900.73)

(85.04)

0.46

43.94

0.06

(40.58)

183.35

(3.00)

0.01

349.36

(697.03)

(167.31)

(1,108.62)

12,278.65

11,170.03

Vijay Parekh

Executive Director

Director

Date : 18/04/2019

Place : SURATFor Lalpuria Shah & Associates

Chartered Accountants

Panel No. 714

(CA Mukesh V. Shah)

Nirmal Kothari MRN : 037661

Anand Bakshi

ChairmanChampaben Makwana

Vice Chairperson

Radhekishan Ruchandani

Managing Director

Mukesh Bombaywala

Kishorbhai Bhrahmbhatt

Kanubhai Tailor

Mahesh Desai Hema Mishra

Dharmesh Chorawala

Dhiraj Shah Parimal Vyas

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51.07

4,820

2.74

549.07

295.47

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200.01

1

16

9.85

6.66

15Ù

0.00

0.00

715.20

139.07

6,344

434.54

5,660.25

3,537.99

0.01

2,078.17

7

72

262.30

228.20

15Ù

95.85

81.30

6,497.69

281.10

10,780

1,981.27

13,336.08

7,707.72

0.03

6,360.35

13

140

372.44

291.09

15Ù

436.09

0.00

1,63,37.35

766.50

14,266

2,775.97

40,245.14

20,850.07

13.71

21,916.85

25

263

704.60

340.28

15Ù

507.62

0.00

48,755.93

1,993.33

17,499

3,819.19

78,993.43

50,741.35

534.68

32,312.74

32

305

1,626.43

905.60

15Ù

793.61

0.00

91,027.27

2,527.65

18,888

7,372.67

1,09,356.40

53,287.13

0.00

57,646.53

36

340

2,334.60

1,443.72

15Ù

634.75

0.00

1,23,703.13

2,711.00

19,919

8,465.72

1,15,694.01

62,717.60

0.00

57,077.36

36

330

2,557.10

1,564.73

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694.28

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1,31,185.36

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31

32

Bank Net Work

FOREX Dept. : 0261 - 2344949

Registered Office : 0261 - 2804777

Dandiya Bazar Br. 0265 - 2459197-98, 2417612

Chhota Udepur Br. 02669 - 232080

Karjan Br. 02666 - 232441

Dabhoi Br. 02663 - 257346

Kareli Baugh Br. 0265 - 2461320

Bajawa Br. 0265 - 2231032

Sayajigunj Br. 0265 - 2225278

Nadiad 0268 - 2551962, 2551963

Bodeli Br. 02665 - 222311

Sanand 02717 - 222131

Godhra 02672 - 243204

Padara Br. 02662 - 224222

Bayad [Dist : Aravalli] 02779 - 222069

Mani Nagar [Ahemdabad] 079- 25462414 - 15

Central Gujarat

South Gujarat

Surat City (0261)

Udhna 2804701

Khatodara [Main Br.] 2344949, 2339988, 2338989

Bhulka Bhavan Br. 2789891, 2792533

Katargam GIDC Br. 2482223, 2489397, 2481414

Lalgate Br. 2414836, 2440821, 2411259

Sardar Market Br. 2351319, 2339866

Bhatar Br. 2237242, 2230899

City Light Br. 2254103, 2252168

Palanpur patia Br. 2768674, 2761151

Udhana Pandesara Br. 2896060, 2894183

Jahangipura Br. 2764800

Kapodara Br. 2544600, 2544800

Amroli 2494777, 2496777

Navsari Br. 02637 - 232763, 232764

Bharuch Br. (Station Road) 02642 - 222583, 222584

Kadodara Br. 02622 - 272299

Bardoli Br. 02622 - 226810, 229707

Bilimora Br. 02634 - 2899925

Vyara Br. 02626 - 220653, 220654

Ankleshwar Br. 02646 - 222585, 222586

Vapi 0260 - 2424177, 2425177

Bharuch (Zadeshwar Road) 02642 - 247287 - 88

f

#

#

#

#

#

#

#

#

f

f

f

f

f #

f Foreign Exchange Facility

With Locker Facility

Franking Facility

#

#

#

#

#

#

#

#

#

#

#

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PRIME CO-OPERATIVE BANK LTD."PRIME HOUSE"

Plot No. B-123, Udhana Udhyog Nagar

Road No. 9, Udhana, SURAT - 394 210

Ph. : 0261 - 2804777

website : www.primebankindia.com e-mail : [email protected]


PRIME

BANK

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Documents

PRIME ANNUAL REPORT FINAL - 2019-1 · :tgtujt Ntuh furvtxjt JtMttol;tu ~t. 27.11 fhtuz :tE n;te su ydttWlttk JtMto fh;ttk 7.25Ù Jt"tthu Au. JtMto 'hbgttlt ltJtt 1648 mtCgttu lttu