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“A Study On financial Statement Analysis”

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1. INTRODUCTION

1.1 INTRODUCTION ABOUT THE INTERNSHIP:

An internship is a method of on-the-job training for white-collar and professional

careers. Internships for professional careers are similar in some ways to apprenticeships for trade

and vocational jobs, but the lack of standardization and oversight leaves the term open to broad

interpretation. Interns may be college or university students, high school students, or post-

graduate adults. These positions may be paid or unpaid and are usually temporary. Generally, an

internship consists of an exchange of services for experience between the student and an

organization. Students can also use an internship to determine if they have an interest in a

particular career, create a network of contacts or gain school credit. Some interns find

permanent, paid employment with the organizations for which they worked. This can be a

significant benefit to the employer as experienced interns often need little or no training when

they begin regular employment. Unlike a trainee program, employment at the completion of an

internship is not guaranteed.

1.2 TITLE OF THE STUDY:

“PROJECT REPORT ON FINANCIAL STATEMENT ANALYSIS” AT SHRI SARASWATHI

CREDIT SOUHARDA SAHAKARI LTD

1.3 STATEMENT OF PROBLEM:

The present study is conducted to identify the performance of the Bank in the current year as

well as the previous years by finding out the liquidity, solvency, financial position and

profitability of financial activities and also to determine the effectiveness of the working of the

Bank.

NHCE-DEPARTEMENT OF MANAGEMENT STUDIES Page 1


1.4 OBJECTIVE OF THE STUDY:

To analysis the trend of Achievements of AT SHRI SARASWATHI CREDIT

SOUHARDA SAHAKARI LTD

To study the financial position of the bank

To study the liquidity position of AT SHRI SARASWATHI CREDIT SOUHARDA

SAHAKARI LTD To study the profitability and solvency of the bank

To study the operating efficiency of the bank.

1.5 SCOPE OF THE STUDY:

The study focuses mainly on the financial performance and various trends at SHRI

SARASWATHI CREDIT SOUHARDA SAHAKARI LTD The Study is confined only to JAYANAGAR BRANCH ONLY.

1.6 METHODOLOGY:

DATA COLLECTIONS

The process of data collection begins after a research problem has been defined and research

design has been chalked out. Here in this project report the data collected is through secondary

data.

There are two types of data-

Primary data –

It is first hand data, which is collected by researcher itself. It was achieved by a direct approach

and observation from the officials of the company.

Secondary data –



It is the data which is already passed through primary data. The secondary data for the study

were collected from Bank’s Annual financial reports, books, journals, magazines, newspapers,

internet, articles and the like. The data is obtained from different years annual reports available

with organization.

Tools used –

Comparative statements.

Trend Analysis.

1.7 REVIEW OF LITERATURE:

Jose Luis Arquero Montano & Sergio Manuel Jimenez Cardoso & John

Joyce (2004):

This paper aims to study and compare the influences on content learning, skills

development, and students' attitudes when studying Financial Statement Analysis due to

changing the previously successful pedagogical strategy of using short cases to one that uses

complex cases.

STOLOWY, Herve & STICKNEY, Clyde P. (2000):

The paper reports the results of a survey of the content and learning materials used

in courses in financial statement analysis in Europe and the United States. Differences in

course content appear related to where the financial statement analysis course lodges within the

accounting curriculum.

Alexandra Kontolaimou & Dionysios Psallidas & Anastasia Pseiridis (2007):

We investigate mission statements of 129 commercial banks in ten South Eastern

European countries by examining their websites. Only one in four banks discloses a properly

labelled ('explicit') mission statement. The findings suggest that the banks examined post higher

emphasis on customers and 'pragmatic' aspects of their activity.

Beaver, William H. & Correia, Maria & McNichols, Maureen F. (2011):

Financial statement analysis has been used to assess a company's



likelihood of financial distress — the probability that it will not be able to repay its

debts. Financial statement analysis was used by credit suppliers to assess the credit

worthiness of its borrowers.

1.8 LIMITATIONS:

1. Comparative statements are generally calculated on past financial statements and thus

forecast for the future is based on past.2. Financial Statement data is recorded by conventional procedures followed over the years.3. The balance sheet reflects the position of the concern on the given data. However the real

position of the concern will change from day-to-day. Hence the balance sheet is a static

document.4. The Study is confined only to JAYANAGAR BRANCH ONLY.

2. INDUSTRY PROFILE

HISTORY OF THE BANK GROWTH



With the development of communications, economic progress and the spread of science of

growth of economic and practical institutions the use of money also expanded, when the

individuals used to accept money in the form of deposit and lend it to the people who needed for

meetings requirements then it leads to existence of banking transactions. The innovations in the

fields of transport, development of energy and manufacturing have resulted in innovations in the

sphere of banking.

ORIGIN OF THE WORD ‘BANK’:

The banking activities were stared in different periods in different countries, there is no

unanimous view regarding the origin of the word ‘Bank’. The word bank is said to be derived

from the French word ‘Banco (or) Banches (or) Bane (or) Banque which means a bench. Another

common view that the bank might be originated from the German word’ Bank’ which means a

joint stock fund. In due course it was italianated into ‘bank’ and finally anglicized into ‘bank’.

The view is most relevant even today.

MEANING OF BANK:

A bank is an institution, which deals in money it means that a bank receives money in the form

of deposits from the public and lends money for the development of trade and commerce.

DEFINITION OF BANK:

The Indian bank regulation act of 1949 defines the term bank as “the accepting for the purpose of

investment of deposit of money from the public, repayable on demand or otherwise and drawl by

cheque, draft and order (or) otherwise”.

EVOLUTION OF MODERN BANKING:

Finance imports and exports. They deal with bills of exchange. Bill of lading, and Railway

receipts, marine insurance policies and so on banks letter of credits, travelers cheque, circular

notes to customer. They assist industrial undertaking by providing working capital and fixed

capital requirements.

ANCESTORS OF MODERN BANKS:



Modern banks have three ancestors; the growth of banking in England in the nineteenth century

paved way for the establishment of systematized banking system in the world. Banks were

performed limited functions in past such as receiving deposits and issuing notes in the country.

As time advanced it deals with a large number of services to the customers.

They serve as custodians of stock and share. They are-

1. Merchant bankers

2. Money lenders

3. Gold smiths

CLASSIFICATION OF BANKS:

On the basis of functional classifications:

Commercial or deposit banks

Industrial banks

Agricultural banks

Exchange banks

Savings banks

Central bank

Co-operative bank

On the basis of structural classification:

Group banking

Chain banking

Correspondent banking

Branch banking



Unit banking

IMPORTANCE OF BANKING:

Banking has greater importance in the economic development and also in the development of

different fields. Banks are playing a crucial role in the development of banking and they are as

follows:

Banks help in formation of capital.

Banks play an important role in mobilizing the savings of people.

It directs the flow of funds into productive channels.

It provides finance to the government.

It provides safety and security to the surplus money of the deposits.

It provides a convenient and economical means of transfer of funds from one place to

another.

It increases the utility of funds in backward regions.

It helps trade, commerce, industry and agricultural by meetings their financial

requirements.

It acquires control over the supply of money in the country.

They have recognized their social responsibilities as to grant credit to every section of

society.

DEFINITION:



“A Co-operative bank, as its name indicates is an institution Consisting of a number of

individuals who join together to pool their surplus .Savings for the purpose of eliminating the

profits of the bankers or money. Lenders with a view to distributing the same amongst the

depositors and borrowers.”

The Co-operative Banks Act, of 2007 (the Act) defines a co-operativeBank as a co-operative

registered as a co-operative bank in terms of the Act whose members –

1. Are of similar occupation or profession or who are employed by a common employer or

who are employed within the same business district or

2. Have common membership in an association or organization, including a business, religious,

social, co-operative, labor or educational group; or

3. Have common membership in an association or organisation, including a business, religious,

social, co-operative, labor or educational group; or

4. Reside within the same defined community or geographical area.

ROLE OF CO-OPERATIVE BANKING IN INDIA:

Co-operative Banks are much more important in India than anywhere else in the world. The

distinctive character of this bank is service at a lower cost and service without exploitation. It has

gained its importance by the role assigned to them, the expectations they are supposed to fulfill,

their number, and the number of offices they operate. Co-operative banks role in rural financing

continues to be important day by day, and their business in the urban areas also has increased

phenomenally in recent years mainly due to the sharp increase in the number of primary co-

operative banks. In rural areas, as far as the agricultural and related activities are concerned, the

supply of credit was inadequate, and money lenders would exploit the poor people in rural areas

providing them loans at higher rates. So, Co-operative banks mobilize deposits and purvey

agricultural and rural credit with a wider outreach and provide institutional credit to the farmers.

Co-operative bank have also been an important instrument for various development schemes,

particularly subsidy-based programs for poor.

The Co-operative banks in rural areas mainly finance agricultural based activities like



• Farming

• Cattle

• Milk

• Hatchery

• Personal finance

The Co-operative banks in urban areas finance in activities like:

• Self-employment

• Industries

• Small scale units

• Home finance

• Consumer finance

• Personal finance

Some of the forward looking Co-operative banks have developedsufficient core competencies to

such an extent that they are able to challenge state and private sector banks. The exponential

growth of Co-operative banks is attributed mainly to their much better contacts with the local

people, personal interaction with customers, and their ability to catch the nerve of the local

clientele. The total deposits and lending’s of Co-operative banks are much more than the Old

Private Sector Banks and the New Private Sector Banks.

CHARACTERSTICS OF CO-OPERATIVE BANKING:

1. Co-operative banking is concerned with the performance of the banking functions of

acceptance of deposits and lending of funds.

2. Co-operative banks are established under the Co-operative Societies Acts.

3. A Co-operative bank is an association of persons, and not of capital.



4. Co-operative banks are democratic institutions, in the sense that they follow the principle

of ‘one man one vote ‘in their management.

5. Co-operative banking is based on the principle of mutual help.

6. Thrift and Savings is the essence of the working of Co-operative banks.

7. Personalization of credit is the special feature. That is, greater emphasis is placed on the

credit-worthiness and character of the borrowing members.

8. Service, not profit is the main motto of Co-operative banks.

9. Generally, the cost of Co-operative banking is relatively low because of the low cost of

management.

10. The rate of interest charged by Co-operative banks is, generally low.

11. Co-operative banks are basically rural oriented.

12. The operative bank are generally restricted to a specified area, say a village, a district or

State.

13. Co-operative banks mainly finance agriculture and allied activities.

14. In Co-operative banking, the purpose for which credit is given gets greater importance.

AIMS OF CO-OPERATIVE BANKING:

To promote thrift among the members and thereby increase the supply of funds.

To tap outside sources of the supply of funds.

To promote the effective use of credit and to reduce the risk in the granting of credit

through careful and continuous supervision of the operation of the borrowing members.

To reduce the cost of management through the honorary services of members and thereby

keep the cost of credit as low as possible.



To make the Co-operative banks credit-worthy and to enable them to raise sufficient

funds to finance other Co-operative enterprises.

Co-operative banks, generally, declare only limited dividends out of their profits in

accordance with the provisions of the Co-operative Societies Act and their own bye-laws.

MERITS OF CO-OPERATIVE BANK:

As the management of Co-operative banks at the lower rung of the ladder depends on the

honorary services of the members, the cost of operation of Co-operative banks is

relatively low.

Because of the low cost of operation, the Co-operative banks are able to provide credit to

the weaker sections at cheaper rates.

The central co –operative banks (CCB) are of two types:

Pure and 2) Mixed. A pure CCB confines its membership to

Co-operative organization only, it is called the Banking Union. A Mixed CCB keeps its

membership open to co –operative as well as individuals. Mixed CCBs are found in the

states of Assam, Andhra Pradesh, Tamil Nadu, Karnataka and others.

3. State Co-operative Banks.

The State Co operative Bank, also known as apex banks, forms the apex of the co-

operative credit structure in each state. They obtain their funds mainly from the general public by

way of deposits, loans and advances from the reserve bank and their own share capital and

reserves.

Anywhere between 50-90% of the working capital of the SCBs are contributed by the reserve

Bank like the CCBs, SCBs, are also pure or mixed.



Importance or benefits of co –operative banks.

The co operative movements have become a powerful instrument for the rapid economic

growth. It has result in several benefits. The expansion of co-operative banks has resulted in

several benefits. They are:

They have provided cheap credit to farmers. They discouraged unproductive borrowing.

They have prompted saving and banking habits among the people, especially the rural

people. Instead of hoarding money, the rural people tend to deposit their savings in the

co-operative or commercial banks.

They have undertaken several welfare activities. They have also taken steps to improve

the morals, policy and education.



2. COMPANY PROFILE

Bank address:

Shri Saraswathi Credit SouhardaSahakari Co-operative State Bank Ltd. Jayanagar

BANGALORE

An Overview:

Welcome to Shri Saraswathi Credit SouhardaSahakari Ltd, a growing Sahakari in the

coastal area of Karnataka state which strives for the financial upliftment of the members. A

product by the young Co-Operators, the Co-Operative started its functioning in 2001. The Co-

Operative is registered under Karnataka State SouhardaSahakari Act 1997; its Head Office is

situated in Puttur, DK. A due respect to the Souharda Co-Operative Principles has made the Co-

Operative to focus on continued growth.

Origin of Bank

Cooperative is a product of decade long effort by the young Co-Operators of South Canara.

The economic empowerment through mutual Operative movement. The time of birth of the

organization was, significant, as the district then was in the middle of Economic crisis, with the

closure of many NBFCS, the prices of areca nut the main commercial crop of the district was at

rock Co-Operation is the motto of the organization. The Sahakari was inaugurated by then

central minister Mr. Suresh Prabhu, on 1st September, 2001 in Puttur Town, birth place of Shri

Molahalli Shiva Rao, Beacon Light & Co- bottom.

The Co-Operative movement is having historical background in India. It is the root of Indian life.

Today credit societies play an important role in economic as well as social development of the

country. Apart from that they are promoting development and to fulfill the concept of financial

inclusion.

Shri Saraswathi Credit SouhardaSahakari strongly believes in Co-Operative principles for the

welfare of its members and strives to render various financial services under one roof and thus



wants to become financial super market, where in all financial needs of the people are fulfilled.

Thanks to our large number of clientele for their continued support for the growth of the

Sahakari. We expect the same in future too.

Background and inception of the company

Sri Saraswathi Credit SouhardaSahakari Co-op Ltd started on to help the framers,

industries and all over the district.

The aim of the srisaraswathi credit souhardasahakari co-op ltd is to distribute the loans

and advances and other banking facility with moderate interest rate.

This bank will be operating as per the NABARD and RBI rules and regulations.

This bank will be operating in the district through branches and regional society and

village level society.

Sri saraswathi credit souhardasahakari co-op ltd is one of the bank in puttur to improve

credit facility loan and advance not only for the farmer but also different level like

business, small scale industry, vehicle loans and individual loan.

Nature of Business carried:

Central bank is to lend to the primary credit societies. They provide short-term and medium-

term loans to the primary credit societies. They finance the primary credit societies, and

thereby enable them to extend credit to the farmers; thus, they play a vital role in rural finance.

As the primary credit societies cannot have direct dealings with on another, the Central Banks

pool the surplus resources of some primary credit societies and make them Available to the needy

primary credit societies. Thus, they act as balancing center between the primary credit societies.

Vision, mission and quality policy of the company:



Vision:

To emerge as the best rural financial institution in the state having a wide network through

successful District Cooperative Banks and efficient Primary Agricultural Cooperative

Societies, having 50% of the households as members transacting business, having a minimum

business of Rs.24000 crores by 2016.Envisages providing best banking services to

Cooperative Institutions and to agriculture, industry, trade, service and manufacturing sectors,

and to the general public.

Mision:

Our mission is to remain as the strong, sound and leading organization in the co-

operative credit structure and to be the backbone for the rural financial sector of Puttur.

Through the efficient management of the organization, it would aspire to function as a

professional, profitable and socially responsible organization ensuring the best service to its

stakeholders and customers by providing good value for their money and thereby ensure

accelerated development of the rural population.

Functions:

Accounts maintenance.

Collection of deposits.

The main function of CB is to lend to the primary credit societies.

They raise loans and advances from co operativebanks and the same to primary credit

societies. So they act as link between the state co operative banks and primary credit

societies.

Issue and recovery of loans.

The CB take legal action for corrupt overdraft.

They raise deposits from the members as well as non members for the purpose of meeting

the credit requirement of the primary credit societies.



They supervise and guide the affiliated primary credit societies.

Facility

WESTERN UNION MONEY Transfer Facility

PAN Card Facility

LIC & General Insurance Policies

Saraswathi Chit Fund

RTGS, NEFT Facility

1% Interest rebate on prompt repayment of Loans

Safe Locker Facility

Working hours of a bank:

The bank starts at 10:30 am, the transactions begins with same time and the bank

closes on 4:30 pm. All the government holidays as per negotiable instrument and Sunday

are declared as a holiday to staff.

Quality policy:

Policy for grievance redressal: This policy document aims at minimizing instance of

customer complaints and grievance through proper service delivery and review

mechanism and to prompt redressal of customer complaints and grievances.

Internal machinery to handle customer complaints/grievances’: The board would be

responsible for the issues such as the treatment of death of a depositor for operations of

his a/c, the product approval process the annual survey of depositor satisfaction and the

tri-enniel audit of such services.



Product & Service Profile

Customer Services in srisaraswathi credit souhardasahakari co-op ltd.

The aim of banking system is to provide various facilities to customer; customer has become

a part and parcel of the banking system. Sri Saraswathi credit SouhardaSahakari co-op ltd also

provides various types of facilities to customers. They provide various types of loans facilities to

the customers.

Deposits:

Banks collect surplus money from the public as deposits. Banks preserve money colleted

and interest at a certain rate is given on the amount of deposits.

The bank has introduced different deposit schemes, which are as follows:

Particulars Interest Rate

Savings Deposits 5%

Current Deposits Nil

Fixed Deposits 10.25 - 10.75

Recurring Deposits 9.50%

Call Deposits 3%

Lending Loans and Advances

The bank has to provide loans and advances to the Merchants, Business man and to the general

public in and around the city with a specified rate of interest. The bank has offered different

type’s loans as given below:

1. Deposit Loans

2. Joint Loan & Installment Joint Loan

3. NSC & LIC Bond Loan



4. Shares & Debentures Loan

5. Gold Loan

6. Pledge Loan

7. Loan on Mortgage of Property

8. Hypothecation Loan for Vehicles

9. Machinery Loan

10. Consumable Article Loan

11. Housing Loan

12. Cash Credit Loan

Area of operation

Head Office: Darbe, Puttur

Branches

Darbe, Puttur, D.K

Sullia, D.K

M.S Road, Puttur

B.C Road, D.K

Shirva

Mangalore, D.K

Sheshadripuram, Blore

Belthangady, D.K

Jayanagar, Blore

Infrastructure Facilities



Shri Saraswathi Credit Souharda Co-Operative Ltd is having a good infrastructure in

all the branches

The bank recently introduces information system in all the areas of operations all over the

branches.Total 10 branches are working all over the state and still they aimed to introduce few

more branches..

Achievements/awards :

Our Souharda is recognized by Karnataka State Souharda Federal Cooperative Limited as best

Souharda among Souharda Cooperatives of Mysore Division. We Thank to all Members for

continuous support for Winning this Award.

Work Flow Model:-The banks work Flow Model which includes barrowing cash

from the customers in the form of deposits and shares from the members and lending

loans and advances to the needy persons is given in the following diagram

Cash inflow :- The bank receives cash from two ways in the market one is share from

members and other is from deposit from the customers

a. Share from members:- The bank issues al shares to its member’s only .It issues equal

share for each member in the bank

b. Deposit from Customers:-

The heart of the bank is its customers and it operates its borrowing and lending activities

through its customer money itself. The bank is mainly concentrate on merchants and the general

public in the city. It accepts deposits from all of its customers to lead its day to day transactions.

The bank has offer different types of accounts such as Savings Bank Deposit Accounts, Current

Deposit Accounts, and Fixed Deposit Accounts, to deposit their money in the bank.



Cash Outflow:-

After it receives cash from its members through shares and its customers in the form of

deposits, it will lend this money into two ways. One is Lending Loans and Advances and if any

cash remains they will invest it in Government Securities and RBI Approved Securities.

a. Lending Loans and Advances:-

The bank has to provide loans and advances to the Merchants, Business man and to the

general public in and around the city with a specified rate of interest. The bank has offered

different type’s loans as given below:

1. Vehicle Loans

2. Jewel Loans

3. Personal Loans

4. Mortgage loans

5. Poject Loans

6. Housing Loans

Future Growth and Prospects

Sri Saraswathi Credit SouhardaSahakari Co-op Ltd, implement the information system

and automated all the transactions in the branches.

Increasing the loan schemes with moderate interest rates to reach all the type of people

those who need the funds and improving the recovery management in the next upcoming

years.



SWOT ANALYSIS

SWOTANALYSIS:-

A SWOT (Strength, weakness, opportunities and threats) is a tool used to provide a

general or detailed snapshot of a company’s health.

A SWOT analysis forces an objective analysis of a company’s position with its competitors

and the market place simultaneously.

Effective SWOT analysis will help to determine in which areas a company is succeeding

allowing it to allocate resources in such a way as to maintain any dominant positions it may

have

STRENGTHS:-

It focuses on rural development.

Dedicated strong committed staff.

Well experienced planning team.

Good relation with its customer, which also helps for popularizing deposits, loan

disbursement and recovery of the same

WEAKNESS:-

Lack of well developed infrastructure facility.

Tedious procedures have to be followed before advancing loans,

causing inconvenience to customers.

Absence of E-banking facility.

OPPORTUNITIES:-

Government and sponsored bank support.

New schemes can be introduced.



THREATS:-

Commercial banks are more concentrating toward rural area so they are facing tough

competition.

Up-gradation of technology in other small banks which are still well behind.

Possibility of increasing in the level of cash reserve ratio (CRR)

and statutory liquidity ratio (SLR) which blocks working funds of the bank.

SRI SARASWATHI CREDIT SOUHARDA CO-OPERATIVE LTD Board of Directors:

BOARD OF DIRECTORS

Name Designation

SATHISCHANDRA. S.R PRESIDENT

M.ANANTHA KRISHNA NAYAK VICE PRESIDENT

DEVIPRASAD.K DIRECTOR

SUNIL BORKER DIRECTOR

VINAYAKUMAR DIRECTOR

B.PADMANABHA BORKER DIRECTOR

A.SURYANARYANA NAYAK DIRECTOR

PRABHAKARA NAYAK.P DIRECTOR

N.RAMESH PRABHU DIRECTOR

JAYARAMA DIRECTOR



RAMAKRISHNA NAYAK DIRECTOR

VASANTH.A DIRECTOR

Functions of Board:

The main functions of board are reviewing the Annual results which are placed before the board

allotting various committees.

Department Structure in Head Office

General Manager

|

Deputy General Manager

|

Assistant General Manager

|

Chief Assistance

|

Senior Assistance

|

Branch Manager

|

Assistant Manger

|



Clerk

2.Staff:-

The total strength of the bank as at the end of March 2014 stood

at 75 employees. The staff strength comprised

BOD 11

PRESIDENT 1

General Manager 1

Deputy GM 1

Senior Manager 1

Branch Manager 4

Assistance Branch Manager 6

Senior Officer 10

Junior Officer 9

ProbatinoryAsst Branch Manager 1

Probationary Officers 16

Clerk 4

Office Asst 2

Trainees 20

FINANCIAL STATEMENT:

Comparative balance sheet for the year ended 31-03-2013 and 31-03-2014

Particulars 2012-13 2013-2014 Absolute % change



changeLIABILITIES:SHARE HOLDERS

FUNDS:Share capital 1,00,49,000.00 1,54,26,800.00 53,77,800 53.51%

Reserves & surplus 1,05,37,278.13 2,21,39,816.53 1,16,02,538.4 110.11%Net profit 1,18,31,745.40 1,39,46,222.50 21,14,477.1 17.87%Total 3,24,18,023.53 5,15,12,839.03 1,90,94,815.5 58.90%LONG -TERM

LIABILITIES:Deposits and other

accounts

59,87,10,477.58 81,85,26,752.15 21,98,16,274.5

7

36.71%

CURRENT

LIABILITIES:Branch Accounts 14,45,29,636.21 17,13,28,647.36 2,67,99,011.15 18.54%Borrowings From Other

Banks

- 1,24,94,006.00 (1, 24,94,006) -100%

Chit Liabilities 5,93,575.00 5,44,140.00 (49,435) -8.34%Other liabilities 1,78,91,222.00 2,27,71,446.00 48,80,224 27.28%Dividends 5,63,981.00 5,94,961.00 30,980 5.49%

Provisions 25,69,194.00 37,30,955.00 11,61,671 45.22%Total 16,61,48,533.21 21,14,64,155.36 4,53,15,622.15 27.27%Total liabilities 79,72,76,109.32 1,08,15,03,746.5

4

28,42,27,637.2

2

35.649%

ASSETS:FIXED ASSETS:

Land and buildings 24,58,464.65 31,40,891.62 6,82,426.97 27.76%

Furniture and fixtures 44,16,093.40 63,11,145.63 18,95,052.23 42.91%

Computer and Software 7,29,995.90 11,01,489.62 3,71,493.72 50.88%

Electricals and

Machineries

32,54,724.00 35,45,170.97 2,90,446.97 8.92%

Vehicles Account 1,76,131.00 1,49,711.35 (26,419.65) -15%

Total 1,10,35,408.95 1,42,48,409.19 32,13,000.24 29.11%

INVESTMENTS:

Investments 15,46,74,892.32 18,82,97,792.75 336,22,900.43 21.73%



Fund Investments 1,03,47,261.14 2,18,28,614.54 1,14,81,353.4 110.96%

Total 16,50,22,153.46 21,01,26,407.29 4,51,04,253.83 27.33%Current assets:Cash in Hand 91,03,504.00 88,39,629.00 (2,63,875) -2.89%

Borrowings From Other

Banks

25,507.00 NIL ((25,507) -100%

Balance with other banks 3,03,32,847.91 2,64,08,401.09 (39,24,446.82) -12.94%

Loans and Advances 43,21,65,564.19 64,67,47,230.19 21,45,81,666 49.65%

Other assets 27,12,052.60 18,13,722.42 (8,98,330.18) -33.12%

Advances & Security

Deposits

22,91,200.00 19,83,065.00 (3,08,135) -13.45%

Shares & Memberships 58,235.00 8,235.00 (50,000) -85.86%

Head Office 14,24,28,377.63 15,50,19,704.44 1,25,91,326.81 8.84%

Branch Accounts 21,01,258.58 1,63,08,942.92 1,42,07,684.34 676.15%

Total 62,12,18,546.91 85,71,28,930.06 23,59,10,383.1

5

37.97%

TOTAL ASSETS 79,72,76,109.32 1,08,15,03,746.5

4

28,42,27,637.2

2

35.65%



3. THEORETICAL BACKGROUND OF THE STUDY

Finance is lifeblood and never contours of business just as circulation of blood necessary

in human body maintaining life. Finance is very essential for smooth running of business

financial management involves managerial activities concerned with procurement and utilization

of fund for Business purposes. The finance function does with the procurement of money at the

time it is needed and its effective utilization in enterprise. Money is lifeblood of any enterprise as

it is required to purchase machinery and materials. To pay wages and salaries to employee and to

allow credit facilities to customers. An important requirement for success of any business

organization in the provision of sufficient amount of founder capital it can't work unless it has

got sufficient amount to its disposal to purchase machine and materials, building premises, meet

day to day expenses and other purposes.

FINANCIAL STATEMENTS:

Financial statements evolved from the system of accounting and its principles. Accounting is the

process of identifying, measuring and communicating economic information to permit informed

judgments and decisions by users’ information. It involves recording, classifying and

summarizing various business transactions.

MEANING OF FINANCIAL STATEMENTS :

A financial statement is a collection of data organized according to logical and consistent

accounting procedures. Its purpose is to convey an understanding of some financial aspects of a

business firm. It may show a position at a moment in time, as in the case of balance sheet or may

reveal a series of activities over a given period of time, as in the case of an income statement:

The position statement or the balance sheet, and



The incomes statement or the profit and loss account.

These statements are used to convey to management and other interested outsiders the

profitability and financial position of a firm.

DEFINITION OF FINANCIAL STATEMENTS:

“Financial statements are the outcome of summarizing process of accounting.”

In the words of John N Myer, “the financial statements provide a summary of the accounts of a

business enterprise, the balance sheet reflecting the assets, liabilities and capital as on the date

and the income statement showing the results of operations during a certain period.” Financial

statements are prepared as an end result of financial accounting and are the major sources of

financial information of an enterprise.

Smith and Asburne define financial statements as “ the end product of financial accounting in a

set of financial statements prepared by an accountant of a business enterprise that purport to

reveal the financial position of the enterprise, the result of its recent activities, and an analysis of

what has been done with earnings.”

Financial statements are also called financial reports.

NATURE OF FINANCIAL STATEMNTS:

The financial statements are prepared on the basis of recorded facts. The recorded facts are

those which can be expressed in monetary terms. The statements are prepared for a particular

period, generally one year. The transactions are recorded in a chronological order, as and when

the events happen. The accounting records and financial statements prepared from these records

are based on historical costs. The financial statements, by nature are summaries of the items

recorded in business and these statements are prepared periodically, generally for the accounting

period.

The American Institute of Certified Public Accountants states the nature of financial

statements as “Financial Statements are prepared for the purpose of presenting a periodical

review of report on progress by the managements and deal with status of investment in the



business and the results achieved during the period under review. They reflect a combination of

recorded facts, accounting principles and personal judgments.”

The American Accounting Association expresses its statement, “Every corporate statement

should be based on accounting principles which are sufficiently uniform, objective and well

understood to justify opinions as to the condition and progress of business enterprise. Its basic

assumption was that the purpose of periodic financial statements of corporation is to furnish

information that is necessary for the information that is necessary for the formation of

dependable judgments.”

According to John N Myer, “the financial statements are composed of data which are the result

of combinations of (1) recorded facts concerning the business transactions, (2) Conventions

adopted to facilitate the accounting technique, (3) postulates or assumptions made to and (4)

personal judgments used in the application of the conventions and postulates.”

OBJECTIVES OF FINANCIAL STATEMENTS:

Financial statements are the sources of information on the basis of which conclusions are

drawn about the profitability and financial position of a concern. They are the major means

employed by firms to present their financial situation of owners, creditors and the general public.

The primary objective of financial statements is to assist in decision making. The Accounting

Principles Board of America (APB) states the following objectives of financial statements:-

1. To provide reliable financial information about economic resources and obligation of a

business firm.

2. To provide other needed information about changes in net resources (resource in

obligations) arising out of business activities.

3. To provide reliable information about changes in such economic resources and

obligations.

4. To provide financial information that assists in estimating the earning potentials of

business.



5. To disclose, to extent possible, other information related to financial statements, that is

relevant to the needs of the users of these statements.

TYPES OF FINANCIAL STATEMENTS:

There are four basic financial statements:

1. Balance Sheet:`It is also referred to as statement of financial position or condition, reports on a

company’s assets, liabilities and net equity as of a given point in time.2. Income Statement:

It is also referred to as Profit and Loss Statement (or “P&L”), reports on a

company’s results of operations over a period of time.3. Statement of Retained Earnings:

It explains the changes in a company’s retained earnings over the reporting

period.4. Statement of Cash Flows:

It reports on a company’s cash flow activities; particularly it’s operating, investing

and financing activities.

ATTRIBUTES OF FINANCIAL STATEMENTS:

Financial statements should possess the following attributes if they are to serve properly to

different categories of people.

1. Relevance2. Accuracy and freedom from bias3. Comparability4. Analytical presentation5. Promptness6. Generally accepted principles7. Consistency8. Authenticity9. Compliance with law

LIMITATIONS OF FINANCIAL STATEMENTS :



1. Financial statements are essentially interim reports.

2. Lack of precision and definiteness

3. Lack of objective judgment

4. Records only monetary facts

5. Historical in nature

6. Artificial view

7. Scope of manipulations

8. Inadequate information

FINANCIAL STATEMENT ANALYSIS:

Financial statements are prepared primarily for decision making. They play a dominant

role in setting the framework of managerial decisions. But the information provided in the

financial statements is not an end task in itself as no meaningful conclusions can be drawn from

these statements alone. However, the information provided in the financial statements is of

immense use in making decisions through analysis and an interpretation of financial statements.

Financial Analysis is “the process of identifying the financial statements, financial strengths and

weaknesses of the firm by properly establishing relationship between the items of the balance

sheet and the profit and loss account.

Need for Financial Statement Analysis:



Financial Statement analysis is used to identify the trends and relationships between

financial statement items. Both internal management and external users (such as analysts,

creditors and investors) of the financial statements need to evaluate a company’s profitability,

liquidity and solvency. The most common methods used for financial statement analysis are

trend analysis and ratio analysis.

MEANING AND CONCEPT OF FINANCIAL STATEMENT ANALYSIS:

The term “financial analysis” also known as analysis and interpretation of financial statements,

refers to the process of determining financial strengths and weaknesses of the firm by

establishing strategic relationship between the items of balance sheet, profit and loss account and

other competitive data.

The purpose of financial analysis is to diagnose the information contained in financial statements

so as to judge the profitability and financial soundness of the firm. Just like the doctor examines

his patient by recording hid body temperature, blood pressure etc…before making his conclusion

regarding the illness and before giving the treatment, a financial ANALYST analyses the

financial statements with various tools of analysis before commenting upon the health or the

weaknesses of the enterprise. The analysis and interpretation of financial statements is essential

to bring out the mystery behind the figures in financial statements. Financial statement analysis

is an attempt to determine the significance and meaning of financial statements data so that

forecast may be made of the future earnings, ability to pay interest and debt maturities(both

current and long term) and profitability of sound dividend policy.

DEFINITION:

In the words of John N Myer, “Financial statement analysis is largely a study of relationship

among various factors in a business as discovered by a single set of statements and a study of the

trend of these factors as shown in series of statements.” In the words of Metcalf and Titard,

“Analyzing financial statements is a process of evaluating the relationship between component

parts of financial statements to obtain a better understanding of a firm’s position and

performance.”



STEPS INVOLVED IN THE ANLYSIS OF FINANCIAL STATEMENTS:

From the study of the meaning of analysis of the financial statements, it is clear that the work of

analysis of financial statements involves three steps or processes, they are:-

1. Analysis

2. Comparison

3. Interpretation

1. ANALYSIS:

The data shown in the financial statements are either the balance of individual accounts

or groups of balance of many accounts. As a result, they lack homogenizing and uniformity.

They are not of much help o analyst, who requires homogenize and comparable data (i.e. inter-

connected data) for judging the profitability and the financial position of a concern. So, to obtain

the desired homogenous and comparable data the figures founding the financial statements have

to be analyzed.

2. COMPARISON:

Mere splitting up or regrouping of the figures found in the financial statements into the

desired component parts is not sufficient for judging the profitability and the financial status of

an enterprise. After the figures contained in the financial statements are dissected or split onto the

required comparable compound parts, the comparable component parts (i.e. inter-connected data)

must be compared with each other and their relative magnitudes (i.e. their relationship must be

measured).

3.INTERPRETATION:

After the financial statements are analyzed or dissected into comparable component

parts and the relative magnitude of the comparable component parts (i.ie. the relationship of the

inter-connected component parts) is measured through comparison, the results must be

interpreted.


Types of Financial analysis

On the basis of material

used

External Analysis

Internal Analysis

On the basis of modus operandi

Horizontal Analysis

Vertical Analysis


TYPES OF FINANCIAL ANALYSIS:

We have studied in the previous chapter that various users of financial statement study them from

different angles for different purposes. However we can classify various types of financial

analysis into different categories depending upon

The material used and

The method of operation followed in the analysis.

1. On the basis of material used:

a. External Analysis:

It is made by those persons who are not connected with the enterprise. They do

not have access to the detailed record of the company and have to depend mostly on

published statements; such type of analysis is made by investors, credit agencies,

government agencies and research scholars.



b. Internal Analysis:

The internal analysis is made by those persons who have access to the books of

accounts, they are member of the organization. Analysis of financial statements or other

financial data for managerial purpose is the internal type of analysis. This internal analyst

can give more reliable result than an external analyst can, because every type of

information is at his disposal.

2. On the basis of modus Operandi:

a. Horizontal (or Dynamic) Analysis:

This analysis is made to review and analyze financial statements of a number of years

and therefore based on financial day taken from several years. This is very useful for

long-term trend analysis and planning. Comparative financial statement is an example of

this type of analysis.

b. Vertical (or Static) Analysis:

This analysis is made to review and analyze the financial statement of one particular year

only. Ratio analysis of the financial year relating to a particular accounting year is an

example of this type of analysis.

METHODS OR TOOLS OF FINANCIAL STATEMENT ANALYSIS:

The analysis and interpretation of financial statement is used to determine the financial position

and results of operations as well. A number of method or tools are used to study the relationship

between different statements. An effort is made to use those devices which clearly analyses the

position of the enterprise.

The following methods of analysis are generally used:

1) Comparative Statement Analysis

2) Common Size Statement Analysis



3) Fund Flow Statement Analysis

4) Cash Flow Statement Analysis

5) Statement of Changes in Working Capital

6) Ratio analysis

7) Cost Volume Profit Analysis

8) Trend Percentage analysis

1. COMPARATIVE STATEMENT ANALYSIS:These statements are prepared in a way so as to provide time perspective to the

consideration of various elements of finance position embodied in such statements. This

is done to make the financial data more meaningful. The statements of two or more years

are prepared to show absolute data of two or more years increase or decrease in absolute

data in value and in terms of percentages.

Comparative Statements can be prepared for both

Income Statement or Profit and Loss Account, as well as

Position Statement or Balance Sheet

Advantage of comparative balance sheet:

The following are the main advantages of comparative balance sheet:

The comparative balance sheet depicts the position of firm on different dates also the

extent of the increase or decrease between these dates.

The comparative balance sheet shows the position of the firm as well as it marks out

travels over a period of time.

Comparative balance sheet highlights the change as well as the position whereas in

single balance sheet only position can be known.



Comparative balance sheet bridges the balance sheet and profit and loss account. It

shows effects of operations on its assets, liabilities and capital.

2. RATIO ANALYSIS:A ratio explains the relationship between two numbers. In the context of ratio derived

from financial statement, various balance sheet and profit and loss accounts. Considering

that there are many items in a balance sheet and profit and loss accounts, it would be

possible to relate virtually any two items in the form of ratio.Ratio analysis is a powerful tool of financial analysis. A ratio is defined as "the indicated

quotient of two mathematical expressions" and as "the relationship between two or more

things."1 In financial analysis, a ratio is used as a benchmark for evaluating the financial

position and performance of a firm. The relationship between two accounting figures,

expressed mathematically, is known as a financial ratio (or simply as a ratio).

3. TREND ANALYSIS:

MEANING

Trend Analysis is the practice of collecting information and attempting to spot a pattern, or

trend, in the information. In some fields of study, the term "trend analysis" has more formally-

defined meanings.

DEFINITION OF 'TREND ANALYSIS'

An aspect of technical analysis that tries to predict the future movement of a stock based on past

data. Trend analysis is based on the idea that what has happened in the past gives traders an idea

of what will happen in the future.

Although trend analysis is often used to predict future events, it could be used to estimate

uncertain events in the past, such as how many ancient kings probably ruled between two dates,

based on data such as the average years which other known kings reigned.

1. Trend analysis calculates the percentage change for one account over a period of time of

two years or more.



2. Calculate the amount of the increase (decrease) for the period by subtracting the earlier

year from the later year. If the difference is negative, the change is a decrease and if the

difference is positive, it is an increase.

ADVANTAGES

Trend analysis can:

reveal potentially fruitful areas of audit investigation

detect significant variations over time

be easily understood and communicated

be readily accepted due to its widespread use

DISADVATAGES

Heavily influenced by the choice of the base fiscal year.

Provide little insight into the root causes of variations

Fail to indicate what the entity’s normal or benchmark position is.

Be undermined by frequent changes in financial reporting formats



4. DATA ANALYSIS AND INTERPRETATION

BALANCE SHEET FOR TREND ANALYSIS OF SHRI SARASWATHI

SOUDHARA SAHAKARI LTD (2011-2012, 2012-2013, 2013-2014)

PARTICULARS 2011-2012 2012-2013 2013-2014AMOUNT AMOUNT AMOUNT

1.FIXED ASSETS:Land and buildings 19,00,221.00 24,58,464.65 31,40,891.62Furniture and fixtures 27,57,387.00 44,16,093.40 63,11,145.63Computer and Software 8,01,548.00 7,29,995.90 11,01,489.62Electricals and

Machineries

16,99,051.00 32,54,724.00 35,45,170.97

Vehicles Account 84,608.00 1,76,131.00 1,49,711.35TOTAL FIXED

ASSETS

A 72,42,815.00 1,10,35,408.95 1,42,48,409.19

11.INVESTMENTS:Investments 6,28,14,235.63 15,46,74,892.3

2

18,82,97,792.75

Fund Investments NIL 1,03,47,261.14 2,18,28,614.54TOTAL

INVESTMENTS

B 6,28,14,235.63 16,50,22,153.4

6

21,01,26,407.29

111.Current assets:Cash in Hand 42,61,268.00 91,03,504.00 88,39,629.00Borrowings From Other

Banks

53,865.47 25,507.00 NIL

Balance with other

banks

2,66,46,574.11 3,03,32,847.91 2,64,08,401.09

Loans and Advances 35,28,84,428.15 43,21,65,564.1

9

64,67,47,230.19

Other assets 10,33,854.27 27,12,052.60 18,13,722.42Advances & Security

Deposits

13,65,609.00 22,91,200.00 19,83,065.00

Shares & Memberships 57,210.00 58,235.00 8,235.00Head Office 4,84,72,798.71 14,24,28,377.6

3

15,50,19,704.44



Branch Accounts 1,19,87,856.13 21,01,258.58 1,63,08,942.92TOTAL CURRENT

ASSETS

C 44,67,63,463.84 62,12,18,546.9

1

85,71,28,930.06

TOTAL ASSETS A+B+

C

51,68,20,514.47 79,72,76,109.3

2

1,08,15,03,746.5

41.SHARE HOLDERS

FUNDS:Share capital 58,01,550.00 1,00,49,000.00 1,54,26,800.00Reserves & surplus 64,78,827.16 1,05,37,278.13 2,21,39,816.53Net profit 58,08,344.97 1,18,31,745.40 1,39,46,222.50TOTAL

SHAREHOLDERS

FUND

A 1,80,88,722.13 3,24,18,023.53 5,15,12,839.03

11.LONG -TERM


accounts

B 42,45,41,310.50 59,87,10,477.5

8

81,85,26,752.15

111.CURRENT

LIABILITES:Branch Accounts 6,04,60,654.84 14,45,29,636.2

1

17,13,28,647.36


Banks

925 - 1,24,94,006.00

Chit Liabilities NIL 5,93,575.00 5,44,140.00Other liabilities 1,24,06,064.00 1,78,91,222.00 2,27,71,446.00Dividends 5,22,838.00 5,63,981.00 5,94,961.00Provisions 8,00,000.00 25,69,194.00 37,30,955.00TOTAL CUURENT

LIABILITES

C 7,41,90,481.84 16,61,48,533.2

1

21,14,64,155.36

TOTAL LIABILITES A+B+

C

51,68,20,514.47 79,72,76,109.3

2

1,08,15,03,746.5

4



Trend Analysis of SHRI SARAWATHI SOUDHAR SAHAKARI LTD the

Balance Sheet for the years (2011-2012-2012-2013-2014)

PARTICULARS 2011-2012 2012-2013 2013-2014AMOUNT AMOUNT AMOUNT

1.FIXED ASSETS:Land and buildings 100 129.37 165.29Furniture and fixtures 100 160.15 228.88Computer and Software 100 91.07 137.42Electricals and

Machineries

100 91.56 208.65

Vehicles Account 100 208.17 176.95TOTAL FIXED

ASSETS

A 100 152.36 196.72

11.INVESTMENTS: Investments 100 246.24 299.76Fund Investments 100 NIL NILTOTAL

INVESTMENTS

B 100 262.71 334.52

111.Current assets: Cash in Hand 100 213.63 207.44Borrowings From Other

Banks

100 47.35 NIL

Balance with other banks 100 113.83 99.11Loans and Advances 100 122.47 183.27Other assets 100 261.06 175.43Advances & Security 100 167.78 145.21



DepositsShares & Memberships 100 101.95 14.39Head Office 100 293.83 319.81Branch Accounts 100 17.53 136.04TOTAL CURRENT

ASSETS

C 100 139.04 191.85

TOTAL ASSETS A+B+

C

100 154.26 209.26

1.SHARE HOLDERS

FUNDS:Share capital 100 173.21 265.91Reserves & surplus 100 162.64 341.72Net profit 100 203.70 240.11TOTAL

SHAREHOLDERS

FUND

A 100 179.22 284.78

11.LONG -TERM

LIABILITIES:

Deposits and other

accounts

B 141.02 192.80

111.CURRENT

LIABILITES:Branch Accounts 100 239.05 283.37Borrowings From Other

Banks

NIL NIL NIL

Chit Liabilities NIL NIL NILOther liabilities 100 144.21 183.55Dividends 100 107.87 113.79Provisions 100 321.15 466.37TOTAL CUURENT

LIABILITES

C 100 223.95 285.03


C

100 154.26 209.26



COMPARATIVE BALANCE SHEET


Particulars 2011-12 2012-13 Absolute

change

% change

LIABILITIES:SHARE HOLDERS

FUNDS:Share capital 58,01,550.00 1,00,49,000.00 42,47,450 73.21%

Reserves & surplus 64,78,827.16 1,05,37,278.13 40,58,450.97 62.64%Net profit 58,08,344.97 1,18,31,745.40 62,23,400.43 107.14%Total 1,80,88,722.13 3,24,18,023.53 1,43,29,301.4 79.22%LONG -TERM


accounts

42,45,41,310.50 59,87,10,477.5

8

17,41,69,167.08 41.02%

CURRENT

LIABILITIES:Branch Accounts 6,04,60,654.84 14,45,29,636.2

1

8,40,68,981.37 139.05%


Banks

925 - 925 100%

Chit Liabilities NIL 5,93,575.00 (593575) -100%Other liabilities 1,24,06,064.00 1,78,91,222.00 54,85,158 44.21%



Dividends 5,22,838.00 5,63,981.00 41,143 7.86%

Provisions 8,00,000.00 25,69,194.00 17,69,194 221.11%Total 7,41,90,481.84 16,61,48,533.2

1

9,19,58,051.37 123.95%

Total liabilities 51,68,20,514.47 79,72,76,109.3

2

28,04,56,519.85 54.26%




Computer and Software 8,01,548.00 7,29,995.90 (71,552.1) -8.93%

Electricals and

Machineries

16,99,051.00 32,54,724.00 15,55,673 91.56%

Vehicles Account 84,608.00 1,76,131.00 91,523 108.17%

Total 72,42,815.00 1,10,35,408.95 35,92,593.95 49.60%

INVESTMENTS:

Investments 6,28,14,235.63 15,46,74,892.3

2

9,18,60,656.69 146.24%

Fund Investments NIL 1,03,47,261.14 (1,03,47,261.14

)

-100%

Total 6,28,14,235.63 16,50,22,153.4

6

10,22,07,917.83 162.71%

Current assets:Cash in Hand 42,61,268.00 91,03,504.00 4,84,236.00 11.36%


Banks

53,865.47 25,507.00 (28,358.47) -52.65%

Balance with other banks 2,66,46,574.11 3,03,32,847.91 36,86,273.8 13.83%

Loans and Advances 35,28,84,428.15 43,21,65,564.1

9

7,92,81,136.04 22.47%

Other assets 10,33,854.27 27,12,052.60 16,78,198.33 162.32%

Advances & Security

Deposits

13,65,609.00 22,91,200.00 925,591 67.77%

Shares & Memberships 57,210.00 58,235.00 1,115 1.95%

Head Office 4,84,72,798.71 14,24,28,377.6 9,39,55,578.92 193.83%



3

Branch Accounts 1,19,87,856.13 21,01,258.58 (98,86,597.55) -82.47%

Total 44,67,63,463.84 62,12,18,546.9

1

17,44,55,083.07 39.05%

TOTAL ASSETS 5,16,82,0514.47 79,72,76,109.3

2

28,04,55,594.85 54.26%

INTERPRETATION:

SHARE HOLDERS FUNDS

It shows an increase in shareholders fund by 79.22% from 2011-2012to 2012-2013 which

indicates that the bank has issued an additional shares

DEPOSITS

Bank deposits has been increased to 41.02% when compared to 2011-12 this shows more

sources of fund and the bank can issue loans from this deposited and earn profits

CURRENT LIABILITIES

It shows that there is an increase in current liability by 54.26% when compared to 2011-2012

which is not a good sign. The bank should put-in some extra efforts to efficiently control its

liabilities.

FIXED ASSETS

Fixed assets have been increased by 49.67% when compared to 2011-2012 which indicates that

the bank is having sufficient fixed assets during the year.

INVESTMENTS

Bank investments are increased by 162.71 % when compared to 2011-2012 which is good sign

of business. The bank can expect a good return on its investments.

CURRENT ASSETS



Current assets have been increased by 16.83% when compared to previous year that shows the

company can meet its working capital needs.

Overall financial position is satisfactory in 2012-2013 when compared to 2011-2012.


Particulars 2012-13 2013-2014 Absolute

change

% change

LIABILITIES:SHARE HOLDERS

FUNDS:Share capital 1,00,49,000.00 1,54,26,800.00 53,77,800 53.51%

Reserves & surplus 1,05,37,278.13 2,21,39,816.53 1,16,02,538.4 110.11%Net profit 1,18,31,745.40 1,39,46,222.50 21,14,477.1 17.87%Total 3,24,18,023.53 5,15,12,839.03 1,90,94,815.5 58.90%LONG -TERM

LIABILITIES:Deposits and other 59,87,10,477.58 81,85,26,752.15 21,98,16,274.5 36.71%



accounts 7CURRENT

LIABILITIES:Branch Accounts 14,45,29,636.21 17,13,28,647.36 2,67,99,011.15 18.54%Borrowings From Other

Banks

- 1,24,94,006.00 (1, 24,94,006) -100%

Chit Liabilities 5,93,575.00 5,44,140.00 (49,435) -8.34%Other liabilities 1,78,91,222.00 2,27,71,446.00 48,80,224 27.28%Dividends 5,63,981.00 5,94,961.00 30,980 5.49%

Provisions 25,69,194.00 37,30,955.00 11,61,671 45.22%Total 16,61,48,533.21 21,14,64,155.36 4,53,15,622.15 27.27%Total liabilities 79,72,76,109.32 1,08,15,03,746.5

4

28,42,27,637.2

2

35.649%




Computer and Software 7,29,995.90 11,01,489.62 3,71,493.72 50.88%

Electricals and

Machineries

32,54,724.00 35,45,170.97 2,90,446.97 8.92%

Vehicles Account 1,76,131.00 1,49,711.35 (26,419.65) -15%

Total 1,10,35,408.95 1,42,48,409.19 32,13,000.24 29.11%

INVESTMENTS:

Investments 15,46,74,892.32 18,82,97,792.75 336,22,900.43 21.73%

Fund Investments 1,03,47,261.14 2,18,28,614.54 1,14,81,353.4 110.96%

Total 16,50,22,153.46 21,01,26,407.29 4,51,04,253.83 27.33%Current assets:Cash in Hand 91,03,504.00 88,39,629.00 (2,63,875) -2.89%


Banks

25,507.00 NIL ((25,507) -100%

Balance with other banks 3,03,32,847.91 2,64,08,401.09 (39,24,446.82) -12.94%

Loans and Advances 43,21,65,564.19 64,67,47,230.19 21,45,81,666 49.65%

Other assets 27,12,052.60 18,13,722.42 (8,98,330.18) -33.12%

Advances & Security

Deposits

22,91,200.00 19,83,065.00 (3,08,135) -13.45%



Shares & Memberships 58,235.00 8,235.00 (50,000) -85.86%

Head Office 14,24,28,377.63 15,50,19,704.44 1,25,91,326.81 8.84%

Branch Accounts 21,01,258.58 1,63,08,942.92 1,42,07,684.34 676.15%

Total 62,12,18,546.91 85,71,28,930.06 23,59,10,383.1

5

37.97%

TOTAL ASSETS 79,72,76,109.32 1,08,15,03,746.5

4

28,42,27,637.2

2

35.65%

INTERPRETATION:

SHARE HOLDERS FUNDS

It shows an increase in shareholders fund by 79.22% from 2011-2012to 2012-2013 which

indicates that the bank has issued an additional shares

DEPOSITS

Bank deposits has been increased to 41.02% when compared to 2011-12 this shows more

sources of fund and the bank can issue loans from this deposited and earn profits

CURRENT LIABILITIES

It shows that there is an increase in current liability by 54.26% when compared to 2011-2012

which is not a good sign. The bank should put-in some extra efforts to efficiently control its

liabilities.

FIXED ASSETS

Fixed assets have been increased by 49.67% when compared to 2011-2012 which indicates that

the bank is having sufficient fixed assets during the year.

INVESTMENTS

Bank investments are increased by 162.71 % when compared to 2011-2012 which is good sign

of business. The bank can expect a good return on its investments.

CURRENT ASSETS



Current assets have been increased by 16.83% when compared to previous year that shows the

company can meet its working capital needs.

Overall financial position is satisfactory in 2012-2013 when compared to 2011-2012.

TABLE: 4.1 SHOWING TOTAL ASSETS

YEARS 2011-12 2012-13 2013-14



AMOUNT 516820514 797276109.32 1081503746.54

PERCENTAGE 100 154.26 135.65

ANALYSIS AND INTERPRETATIONS:

For the year 2011 is the base percentage is 100% and it is increased to 154.26%,

135.65% for the study period 2011-12 to 2013-14. In the table shows and fluctuating trend in

total assets.

In the above table depicts the maximum percentage of assets recorded at 154.26%

for the year 2012-2013. The minimum has recorded in the year 2011-12 at 100% and 135.65% in

the year 2013-2014 For the entire study period it showed and fluctuating Trend.

It further tells that the first gradually increased and later it starts fluctuating because of huge

Investment made in Total Assets.

GRAPH: 4.1 SHOWING TOTAL ASSETS

1 2 3

100

154.26135.65

TOTAL ASSETS

2013-2014 2012-2013 2011-2012

TABLE: 4.2 SHOWING TOTAL EQUITY

YEARS 2011-12 2012-13 2013-14



AMOUNT 5801550 10049000 15426800

PERCENTAGE 100 173.21 265.9

ANALYSIS AND INTERPRETATION:

For the year 2011-2012 base percentages is 100% and increased to 173.21%, and

265.9%for the study period 2011-12 to 2012-14 respectively. In the above table it shows the

Increasing trend in the value of the Total Equity every year.

In the above table it depicts the maximum percentage of the Value of Total Equity

was recorded at 265.9% for the year 2013-14. The minimum Percentage in the value of the total

equity was recorded in the year 2011-12 i.e the Base Year.

The Reason for change is Lot of Inflow in the amount of Equity. It was made for the purpose of

Increase in the productivity.

GRAPH: 4.2 SHOWING TOTAL EQUITY

2011-2012 2012-2013 2013-2014

5801550

10049000

15426800

TOTAL EQUITY

TABLE: 4.3 SHOWING NET PROFIT


YEARS 2011-12 2012-13 2013-14AMOUNT 5808344.97 11831745.40 13946222.50

PERCENTAGE

INCREASE

100 203.70 117.87



For the year 2010-11 base percentages is 100% and increased to 203.70%, 117.87% in the

subsequent years and then there was a decline in the concluding year 2012-13 (117.87%). In the above

table it shows that there is a slight fluctuation in the value of Net Profit in the Concluding Year as a

whole.

In the above table it depicts the maximum percentage of Net Profit was recorded in the year 2012-

13(564%) and the minimum percentage was recorded in the year 2010-11 @ 100% which was the year.

To sum up due to increase in financial cost and other operating cost, the profit had decreased to 117.87%

in the concluding year.

GRAPH: 4.3 SHOWING NET PROFITABLE:

2011-12 2012-13 2013-14

100

203.7

117.87

NET PROFIT


YEARS 2011-2012 2012-13 2013-14

NET PROFIT

AMOUNT

5808344.97 11831745.40 13946222.50

TOTAL

ASSETS

AMOUNT

516820514.74 797276109.32 1081503746.54

PERCENTAGE 1.12 1.48 1.28


4.4 SHOWING NET PROFIT TO TOTAL ASSETSANALYSIS AND INTERPRETATION:

In the above table we analyse that there was a fluctuating trend in the values of net

profit to total assets i.e. starting from the year 2011-12 to 2013-14, 1.12% 1.48% and 1.28%

respectively. This table clearly implies that there were a lot of fluctuations in the value in the last

3 years.

The reason for fluctuation was due to frequent changes in the interest rates and other expenses.

During the study period there was better performance in utilizing the available resources, but in

the concluding year

GRAPH: 4.4 SHOWING NET PROFIT TO TOTAL ASSETS

2011-12 2012-13 2013-14

1.12 1.48 1.28

NET PROFIT TO TOTAL ASSETS

TABLE: 4.5 SHOWING NET PROFIT TO TOTAL EQUITY


YEARS 2011-2012 2012-13 2013-14

NET PROFIT

AMOUNT

5808344.97 11831745.40 13946222.50

TOTALEQUITY

AMOUNT

5801550 10049000 15426800

PERCENTAGE 100 117.74 90.40



In the above there is a clear depiction of fluctuation in the value of net profit to total

equity. Right from the year 2011-12 to 2013-14 the values were 100% 117.74% and

90.40%respectively.

In the above table it depicts that the maximum percentage in the value of net profit

to total equity was in the year 2012-13 at 117..74% and the minimum percentage in the value

was recorded in the year 2013-14 at 90.40% respectively.

In a nut shell, it predicts that the sources were effectively distributed among the profitable

investments.

GRAPH: 4.5 SHOWING NET PROFIT TO TOTAL EQUITY

2011-12 2012-13 2013-14

100117.74

90.4

NET PROFIT TO TOTAL EQUITY

TABLE: 4.6 SHOWING TOTAL EQUITY TO NET LOANS


YEARS 2011-2012 2012-13 2013-14

TOTALEQUITY

AMOUNT

5801550 10049000 15426800

NET LOAN 3528000 4321000.65 6467000

PERCENTAGE 164.44 232.56 238.54



In the above table clear analysis can be made that there was a increase in the value of total

equity to net loans right from the year 2011-12 to 2013-14 at the rates of 164.44%, 232.56% and 238.54%

respectively and started to increasing in the concluding year 2012-13 at the rate of 238.54% as a whole

In the above table it depicts that the maximum percentage in the value of total equity

to net loans was recorded in the year 2013-14 at the rate of 238.54%and the least percentage was

recorded in the year 2011-12 at the rate of 164.44%.

The lending was made through major sources of external borrowings. The equity amount was

used for expansion and increase in the business operation. A mere of 232.56% on an average was

distributed as loans.

GRAPH: 4.6 SHOWING TOTAL EQUITY TO NET LOANS

2011-12 2012-13 2013-140

100200300

164.4 232.56 238.54

TOTAL EQUITY TO NET LOANS

TABLE: 4.7 SHOWING NET LOANS TO TOTAL DEPOSITS


YEARS 2011-2012 2012-13 2013-14

NET LOAN 3528000 4321000.65 6467000

TOTAL

DEPOSITS

425000 5987000.10 8185000

PERCENTAGE 83.11 72.19 79.01



The above table depicts that there was lot of fluctuations in the value net loans to deposits

every year. Starting from the year 2011-12 to 2013-14 the rates were differing every year i.e %,

83.11%, 72.19%and 79.01% respectively.

In the above table it depicts that the maximum percentage in the value of net loans to

total deposits was recorded at 83.11% for the year 2011-12 and the minimum percentage was

recorded at 72.19%% for the year 2012-13 respectively.

The above table has maintained standard liquidity ratio through the entire study period. On an

average the bank has maintained the required Statutory Liquidity ratio.

GRAPH: 4.7 SHOWING NET LOANS TO TOTAL DEPOSITS

2011-2012 2012-13 2013-14

83.11

72.1779.01

NET LOANS TO TOTAL DEPOSITS

TABLE: 4.8 SHOWING LIQUID ASSETS TO TOTAL ASSETS


YEARS 2011-2012 2012-13 2013-14

LIQUID ASSETS 4261268 9103504 88,39,629

TOTAL ASSETS 516820514.74 797276109.32 1081503746.54




The above table depicts that the values of the Liquid assets to total assets were

fluctuating every year and there is increase and decreasing trend in this values. As we can clearly

notice that the values the years 2011-12 to 2013-14 differing at rates of 0.82%, 1.14%, 0.81%,

respectively.

In the above table the maximum percentage in the value of liquid assets to total

assets was recorded in the year 2012-13 at 1.14% and the minimum value was recorded in the

year 2013-14 at 0.81% respectively.

The above table clearly represents that the liquid assets are contributing to the fluctuating margin

on the total assets.

GRAPH: 4.8 SHOWING LIQUID ASSETS TO TOTAL ASSETS

2011-12 2012-13 2013-140

0.5

1

1.5

0.821.14 1.29

LIQUID ASSETS TO TOTAL ASSETS

TABLE: 4.9 SHOWING TOTAL EQUITY TO TOTAL LIABILITIES


YEARS 2011-2012 2012-13 2013-14

TOTAL

EQUITY

5801550 10049000 15426800

TOTAL

LIABILITIES

516820514.47 797276109.32 280456519.85




The above table clearly shows that there is a fluctuating trend in the value of the total

equity to total liabilities every year. As we can notice that the value was 1.12% in the year 2011-

12 and continues to pick up. The values were 1.12%, 1.26%, and 5.5% respectively in the

subsequent years.

The above table depicts that the maximum percentage recorded in the value of

total equity to total liabilities was in the year 2013-14 at the rate of 5.5

% and the minimum percentage was recorded in the year was 2011-12 at the rate of 1.12%

respectively.

The above analysis shows that the amount of equity as contributed a mere % of 5.5% of total

liabilities which means that the bank had sufficient funds generated for regular functioning

GRAPH: 4.9 SHOWING TOTAL EQUITY TO TOTAL LIABILITIES

2011-12 2012-13 2013-14

4.32.5

5.5

TOTAL EQUITY TO TOTAL LIABILITES

TABLE: 4.10 SHOWING RETURN ON TOTAL ASSETS


YEARS 2011-2012 2012-13 2013-14

NET PROFIT

AMOUNT

5808344.97 11831745.40 13946222.50

TOTAL ASSETS

AMOUNT

516820514.74 797276109.32 1081503746.54




In the above table the return on total assets shows a fluctuating trend its values every year.

Right from the initial years taken 2011-12 to 2013-14, it shows increasing and decreasing trend

in its values i.e. at the rates of 1.12%, 1.48%, and 1.29% respectively as a whole.

In the above table, it clearly depicts that the maximum percentage in the value of return

on total assets was in the year 2012-13 at 1.48% and the least percentage was recorded in the

year 2011-12 at 1.12% respectively.

Since it is a service sector the return on total assets will be a negligible percentage. It

recorded an average of 1.29% for the entire study period.

GRAPH: 4.10 SHOWING RETURN ON TOTAL ASSETS

2011-122012-13

2013-14

1.121.48

1.29

RETURN ON TOTAL ASSETS

TABLE: 4.11 INTEREST EARNED SHOWING




From the above we clearly analyze that there is an fluctuating trend in the values of

interest earned every year apart from the lone year where there was a decrease of 2011-12 at

10.14% respectively in the year. Apart from that there is an increase in the other years 2012-13 at

14.43%, respectively.

In the above table it clearly shows that the maximum percentage was recorded in the year

2012-13 at the rate of 14.43% and the minimum percentage that was recorded was at 10.14% for

the year 2011-12 respectively.

For the entire study period the interest earned on its loans and advances showed a

fluctuations’ in the returns. As it is the major source of revenue it should be carefully analyzed.

In the year 2011-12 there was a fall in the interest rate due to high fluctuations in the bank rates.

GRAPH: 4.11 SHOWING INTEREST EARNED

2011-12 2012-13 2013-140

5

10

15

10.1414.43

11.09

INTEREST EARNED

TABLE: 4.12 SHOWING INTEREST PAID


YEARS 2011-12 2012-13 2013-14

INTEREST ON

LOANS

35810213.00 62363390.75 71731344.64

NET LOANS 352884428.15 432165564.19 646747230.19

PERCENTAGE 10.14 14.43 11.09



From the above table, we can notice that there is a slight fluctuation in the values of

interest paid every year. Right from the starting year 2011-12 to 2013-14 at 6.09%, 7.86%, and

7.33%, respectively.

In the above table, the maximum percentage was recorded in the year 2012-13 at the rate

of 7.86% and the minimum percentage was recorded in the year was 2011-12 at the rate of

6.09% respectively.

For the study period the borrowing rate were in the limit of the internal policies. On an

average it recorded 7.33% for the entire study period which let a major gap between the interest

earned and interest paid.

GRAPH: 4.12 SHOWING INTEREST PAID

2011-12 2012-13 2013-140

5

10

6.09 7.86 7.33

INTEREST PAID

TABLE: 4.13 SHOWING SPREAD


YEARS 2011-12 2012-13 2013-14

INTEREST ON

DEPOSITS

25854371.50 47038848 60037452

TOTAL DEPOSITS 424541310.50 598710477.58 818526752.15




From the above table it shows that there was an fluctuating trend in the years 2011-12, 2012-

13,2013-14 at the rates of 4.05%,6.57%3.76% and it declined in the year 2011-12 at the rate of 4.05% and

3.76% in the concluding year 2013-14

. In the above table it is very clear that the maximum percentage of spread was recorded in

the year 2012-13 at the rate of 6.57% and the minimum percentage was recorded in the year

2013-14at the rate of 3.76% respectively.

GRAPH: 4.13 SHOWING SPREAD

2011-12 2012-13 2013-140

1

2

3

4

5

6

7

4.05

6.57

3.76

SPREAD

TABLE: 4.14 SHOWING CASH ASSETS TO TOTAL DEPOSITS


YEARS 2011-12 2012-13 2013-14

INTEREST ON LOAN

PERCENTAGE

10.14 14.43 11.09

INTEREST ON DEPOSITS

PERCENTAGE

6.09 7.86 7.33

SPREAD PERCENTAGE 4.05 6.57 3.76



In the above table, it depicts that there is systematic decrease in the values of the

percentages of cash assets to total deposits. Right from the year 2011-12 to 2013-14 i.e. 1%

1.52% and 1.07% respectively.

The above table depicts that the maximum percentage of the value of cash assets to total

deposits was recorded in the year 2012-13 at the rate of 1.52% and the minimum percentage was

recorded in the year 2011-12 at 1.07% respectively.

GRAPH: 4.14 SHOWING CASH ASSETS TO TOTAL DEPOSITS

2011-12 2012-13 2013-140

0.20.40.60.8

11.21.41.6

1

1.52

1.07

CASH ASSETS TO TOTAL DEPOSITS

5. SUMMARY OF FINDINGS AND CONCLUSIONS


YEARS 2011-12 2011-12 2012-13

CASH ASSETS 4261268 9103504 8839629

TOTAL DEPOSITS 424541310.50 598710477.58 818526752.15



5.1 SUMMARY OF FINDINGS

For the year 2011-12 base percentages is 100% and total assets has increased to 154.26%,

& 135.65% for the study period 2011-12 to 2013-14. In the above table shows an

fluctuating trend in total assets. For the year 2011-12 base percentages is 100% and total equity has increased to

173.21%, and 265.9% for the study period 2011-12 to 2013-14 respectively. In the above

table it shows the Increasing trend in the value of the Total Equity every year. For the year 2011-12 base percentages is 100% and increased to 203.70%, % the

subsequent years and then there was a decline in the concluding year 2013-14 (117.87%).

In the above table it shows that there is a slight fluctuation in the value of Net Profit in

the Concluding Year as a whole. We analyse that there was a fluctuating trend in the values of net profit to total assets i.e

starting from the year 2011-12 to 2013-14, 1.12%, 1.48%, and 1.28% respectively. This

table clearly implies that there were a lot of fluctuations in the value in the last 3years. There is a clear depiction of fluctuation in the value of net profit to total equity. Right

from the year 2011-12 to 2013-14 the values were 100%, 117.74%, and 90.40%

respectively. There is an increasing trend in the value of total equity to net loan. Right from the year

2011-12 to 2013-14 the values were 164.44%, 232.56%, and 238.54% respectively. There was lot of fluctuations in the value net loans to deposits every year. Starting from

the year 2011-12 to 2013-14 the rates were differing every year i.e 83.11%, 72.19%, and

79.01% respectively. The values of the Liquid assets to total assets were fluctuating every year and there is

increase and decreasing trend in their values. As we can clearly notice that the values the

years 2011-12 to 2013-14 differing at rates of 0.82%, 1.14% and 0.81% respectively There is an increasing trend in the value of the total equity to total liabilities every year.

As we can notice that the value was 1.12% in the year 2011-12 and continues to

improvement thereafter. The values were 1.26% and 5.5% respectively in the subsequent

years The return on total assets shows a fluctuating trend its values every year. Right from the

initial years taken 2011-12 to 2013-14, it shows increasing and decreasing trend in its

values i.e. at the rates of 1.12%, 1.48%, and 1.29% respectively as a whole.



We can clearly analyze that there is an increase trend in the values of interest earned

every year apart from the loan year where there was a decrease of 10.14% in the year

2011-12 respectively. Apart from that there is an increase in the other years 2012-13 at

14.43%, 2011-12 at 10.14%, 2012-13 at 14.43% and 2013-14 at 11.09% respectively. We can notice that there is a slight fluctuation in the values of interest paid every year.

Right from the starting year 2011-12 to 2013-14 at 6.09%, 7.86%, and 7.33%,

respectively. It depicts that there is systematic decrease in the values of the percentages of cash assets

to total deposits. Right from the year 2011-12 to 2013-14 i.e.1.00 %, 1.52%, and 1.07%

respectively

5.3 CONCLUSIONS

This project report is prepared for the SHRI SARASWATHI CREDIT SOUHARDA

SAHAKARI LTD to assess their overall financial position. The tools used for analysis are Tend

analysis, Common size Statements and comparative.

Trend analysis is immensely helpful to us in analyzing the change in financial function and

operating efficiency between the times periods that is 2011 to 2014 selected. By studying the

trends of each item we can know the direction of changes whether upward or downward and



based on the changes the opinions can be found. Comparative analysis statements have been

analyzed and this helps to know the financial position. This study helps in identifying financial

strengths and weakness of the bank by properly establishing relationships between the items of

balance sheet and profit and loss account. Common size statements express assets and liabilities

of three years as percentages. This highlights the relative changes in assets and liabilities.

The bank’s investments in the current year have increased, so, it should try to maintain its

investments. Increase in investment will increase the funds received as interest which may be

utilized in productive purposes. Further the bank can improve its financial performance if it is

maintaining the same level of favorable working capital.

Concerned to above information, it can be concluded that the bank has good financial planning

and as a result it has a good financial position in spite of heavy competition.

The managers and staff members of SHRI SARASWATHI CREDIT SOUHARDA

SAHAKARI LTD coordinated and well responded in providing the data relating to my

project study.

BIBLIOGRAPHY

The following were few books and its authors which held my hands in the completion of the

project:

1 Books:

Financial managementAuthor: Reddy Appanaiah

Cost and Financial AnalysisAuthor: JAWAHAR LALPublications: Himalaya Publications

Analysis Of Financial Statements



T.S.Grewal’s Cost and Financial Analysis

Author: S.P. JAIN, K. L. NARANGPublications: Kalyani Public

1. Reports:

AUDITORS REPORTS and BALANCE SHEET OF SHRI SARASWATHI CREDIT

SOUHARDA SAHAKARI LTD

2. Websites:

GOOGLE.COM

WIKIPEDIA.COM

INVESTOPEDIA.COM

IDEASREPEC.ORG

SOUDHARA COOPERATIVE.COM

SARASWATHI SAHAKARI.COM

BALANCE SHEETS OF SHRI SARASWATHI CREDIT SOUHARDA

SAHAKARI LTD

2011-2012 2012-2013 2013-2014AMOUNT AMOUNT AMOUNT

1.FIXED ASSETS:Land and buildings 19,00,221.00 24,58,464.65 31,40,891.62Furniture and fixtures 27,57,387.00 44,16,093.40 63,11,145.63Computer and Software 8,01,548.00 7,29,995.90 11,01,489.62Electricals and Machineries 16,99,051.00 32,54,724.00 35,45,170.97Vehicles Account 84,608.00 1,76,131.00 1,49,711.35TOTAL FIXED ASSETS A 72,42,815.00 1,10,35,408.95 1,42,48,409.19 11.INVESTMENTS:Investments 6,28,14,235.63 15,46,74,892.32 18,82,97,792.75Fund Investments NIL 1,03,47,261.14 2,18,28,614.54



TOTAL INVESTMENTS B 6,28,14,235.63 16,50,22,153.46 21,01,26,407.29 111.Current assets:Cash in Hand 42,61,268.00 91,03,504.00 88,39,629.00Borrowings From Other

Banks

53,865.47 25,507.00 NIL

Balance with other banks 2,66,46,574.11 3,03,32,847.91 2,64,08,401.09Loans and Advances 35,28,84,428.15 43,21,65,564.19 64,67,47,230.19Other assets 10,33,854.27 27,12,052.60 18,13,722.42Advances & Security

Deposits

13,65,609.00 22,91,200.00 19,83,065.00

Shares & Memberships 57,210.00 58,235.00 8,235.00Head Office 4,84,72,798.71 14,24,28,377.63 15,50,19,704.44Branch Accounts 1,19,87,856.13 21,01,258.58 1,63,08,942.92TOTAL CURRENT

ASSETS

C 44,67,63,463.84 62,12,18,546.91 85,71,28,930.06

TOTAL ASSETS A+B+

C

51,68,20,514.47 79,72,76,109.32 1,08,15,03,746.54

1.SHARE HOLDERS

FUNDS:Share capital 58,01,550.00 1,00,49,000.00 1,54,26,800.00Reserves & surplus 64,78,827.16 1,05,37,278.13 2,21,39,816.53Net profit 58,08,344.97 1,18,31,745.40 1,39,46,222.50TOTAL

SHAREHOLDERS

FUND

A 1,80,88,722.13 3,24,18,023.53 5,15,12,839.03

11.LONG -TERM


accounts

B 42,45,41,310.50 59,87,10,477.58 81,85,26,752.15

111.CURRENT

LIABILITES:Branch Accounts 6,04,60,654.84 14,45,29,636.21 17,13,28,647.36Borrowings From Other

Banks

925 - 1,24,94,006.00

Chit Liabilities NIL 5,93,575.00 5,44,140.00Other liabilities 1,24,06,064.00 1,78,91,222.00 2,27,71,446.00Dividends 5,22,838.00 5,63,981.00 5,94,961.00Provisions 8,00,000.00 25,69,194.00 37,30,955.00TOTAL CUURENT

LIABILITES

C 7,41,90,481.84 16,61,48,533.21 21,14,64,155.36


C

51,68,20,514.47 79,72,76,109.32 1,08,15,03,746.54




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