Financial statements

ABRIDGED PROVISIONAL FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31st DECEMBER 2011

PROVISIONAL PROFIT & LOSS ACCOUNT FOR THE PERIOD ENDING 31st DECEMBER 2011

PARTICULARS As on 31-12-2011 (Rs.)
   

INCOME :

Other Income:
Interest Received on Bank Deposits 31322440.00
Interest Received on Loans 77874288
Processing Fee Received 21702014
Miscellaneous Income 24008
TOTAL 130922750
LESS EXPENDITURE:
Personnel Cost 14806598
Administrative Cost 9390104.27
Finance Cost 86297865.68
Depreciation 345865
TOTAL 110840433.65
Net Profit : 20082316.65
Provision for Tax :-
 - Current Tax 3823220
 - Deferred Tax 0
PROFIT AFTER TAX 16259096.35

PROVISIONAL BALANCE SHEET AS ON 31-12-2011

PARTICULARS As on 31-12-2011 (Rs.)
SOURCE OF FUNDS:
SHAREHOLDERS FUNDS
Share Capital 353582070
Reserves & Surplus 53963751.91
Grants from NABARD for SHG Promotion 523730
Share Deposit NABARD 0
Borrowings 1697391308.25
TOTAL 2105460860.16
APPLICATION OF FUNDS :
FIXED ASSETS
Gross Block 4681712
Less :Accumulated Depreciation 820330.19
Net Block 3861381.81
DEFERRED TAX (ASSET) -15,212.00
CURRENT ASSETS, LOANS & ADVANCES
Cash & Bank Balances 635425047.46
Loans & Advances 1455000177.89
Other Current assets 33262847
TOTAL 2123688072.35
Less : Current Liabilities & Provisions 22073382
NET CURRENT ASSETS 2101614690.35
TOTAL 2105460860.16