MIRA
INFORM REPORT
|
Report Date : |
02.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT |
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Registered
Office : |
A-11, Krishi Vikas Sadan, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of
Establishment : |
1982 |
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Capital
Investment / Paid-up Capital : |
Rs.20000.000 Millions |
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Legal Form : |
Nationalized Bank |
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Line of Business
: |
They provides financial solutions for the promotion and development of
agriculture in the rural sector |
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|
No. of Employees
: |
4500 (Approximately) (In Office + In Regional Office) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (69) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 510000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed bank having fine track
records. The bank provides financial solutions for the promotion and development
of agriculture in the rural sector. Trade relations are reported to be
regular and as per commitments. The bank can be considered good for normal business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Ramprasad |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-26539275 |
|
Date : |
13.12.2011 |
LOCATIONS
|
Registered Office : |
A-11, Krishi Vikas Sadan, |
|
Tel. No.: |
91-22-26539895 / 26539275 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office / Regional Office : |
C-24, 'G' Block, Bandra-Kurla Complex, Bandra (East),
Mumbai 400 051, |
|
Tel. No.: |
91-22-26525068 (Accounts Department) 91-22-26530083 / 26539804 (Central Vigilance Cell) 91-22-26521069 / 26539171 (Corporate Planning Department) 91-22-26539575 / 26539521 (Department of Economic Analysis & Research) 91-22-26530024 / 26539006 (Department for Cooperative Revival and Reforms) 91-22-26530189 / 26539696 (Department of Information Technology) 91-22-26541834 / 26539474 (Department of Supervision ) 91-22-26530083 / 26539878 (Development Policy Department (Farm Sector)) 91-22-26524207 / 26539766 (Development Policy Department (Non-Farm Sector) 91-22-26530095 / 26539248 (Finance Department) 91-22-26530057 (Financial Inclusion Department) 91-22-26530094 (General Administration Department) 91-22-26524693 / 26539300 (Human Resources Development Department) 91-22-26524748 / 26539779 (Human Resources Management Department) 91-22-26528221 (Inspection Department) 91-22-26524843 (Institutional Development Department) 91-22-26524926 (Investment Credit Department) 91-22-26530065 (Law Department) 91-22-26530084 (Micro Credit Innovations Department) 91-22-26530096 (Premises Department) 91-22-26524836 (Production Credit Department) 91-22-26530063 (Secretary's Department) 91-22-26530068 (State Projects Department) 91-22-26530039 (Technical Services Department) 91-22-26524693 (Corporate Communications Department) |
|
Fax No.: |
91-22-26530050 (Accounts Department) 91-22-26530060 (Central Vigilance Cell) 91-22-26530096 (Corporate Planning Department) 91-22-26530086 (Department of Economic Analysis &
Research) 91-22-26530023(Department for Cooperative Revival and
Reforms) 91-22-26530087 (Department of Information Technology) 91-22-26530103 (Department of Supervision ) 91-22-26523895 (Development Policy Department (Farm
Sector)) 91-22-26530082 (Development Policy Department (Non-Farm Sector) 91-22-26530099 (Finance Department) 91-22-26530098 (Financial Inclusion Department) 91-22-26530060 (General Administration Department) 91-22-26530102 (Human Resources Development Department) 91-22-26530092 (Human Resources Management Department) 91-22-26530097 (Inspection
Department) 91-22-26530089 (Institutional Development Department) 91-22-26530090
(Investment Credit Department) 91-22-26530062
(Law Department) 91-22-26528141 (Micro Credit
Innovations Department) 91-22-26524694 (Premises
Department) 91-22-26530085 Production Credit Department) 91-22-26530192 (Secretary's
Department) 91-22-26530101
(State Projects Department) 91-22-26530091 (Technical
Services Department) 91-22-26530071 (Corporate Communications Department) |
|
E-Mail : |
ad@nabard.org
/ cvc@nabard.org
/ cpd@nabard.org
/ dear@nabard.org
/ dcrr@nabard.org
/ dit@nabard.org
/ dos@nabard.org
/ dpd.fs@nabard.org
/ dpd.nfs@nabard.org / fd@nabard.org / fid@nabard.org / hrdd@nabard.org / hrmd@nabard.org / idd@nabard.org
/ law@nabard.org
/ mcid@nabard.org
/ s.iyer@nabard.org / shirish.iyer@gmail.com / pd@nabard.org / pcd@nabard.org / secy@nabard.org / spd@nabard.org
/ tsd@nabard.org
/ ccd@nabard.org / pro@nabard.org / nabrepo@nabard.org |
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Regional offices : |
Located at ·
Andaman
and Nicobar (Port Blair) ·
Andhra Pradesh ( ·
Arunachal Pradesh (Itanagar) ·
·
Bihar ( ·
Chhattisgarh ( ·
·
·
Haryana ( ·
Himachal Pradesh (Shimla) ·
Jammu & Kashmir ( ·
Jharkhand ( ·
Karnataka ( ·
Kerala (Thiruvananthapuram) ·
Madhya Pradesh ( ·
·
Manipur (Imphal) ·
Meghalaya (Shillong) ·
Mizoram (Aizwal) ·
Nagaland (Dimapur) ·
·
Orissa ( ·
Punjab ( ·
Rajasthan (Jaipur) ·
·
Tamil Nadu (Chennai) ·
Tripura (Agartala) ·
Uttar Pradesh ( ·
Uttarakhand (Dehradun) ·
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DIRECTORS
As on 31.03.2011
|
Name : |
Mr. Rakesh Singh |
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Designation : |
Chairman |
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Name : |
Dr. K. G. Karmarkar |
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Designation : |
Managing Director |
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Name : |
Dr. K. C. Chakrabarty |
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Designation : |
Director |
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Name : |
Mr. Lakshmi Chand |
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Designation : |
Director |
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Name : |
Mrs. Shashi Rekha Rajagoplan |
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Designation : |
Director |
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Name : |
Mr. P. K. Basu |
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Designation : |
Director |
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Name : |
Mr. B. K. Sinha |
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Designation : |
Director |
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Name : |
Mr. Alok Nigam |
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Designation : |
Director |
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Name : |
Mr. R. K. Meena |
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Designation : |
Director |
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Name : |
Mr. A. K.
Sinha |
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Designation : |
Director |
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Name : |
Mr. K.
Jayakumar |
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Designation : |
Director |
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Name : |
Mr. M. I. Khandey |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. S. K. Mitra |
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Designation : |
Executive Directors |
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Name : |
Mr. Amaresh Kumar |
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Designation : |
Executive Directors |
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Name : |
Dr. A. K. Bandyopadhyay |
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Designation : |
Executive Directors |
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Name : |
Dr. Prakash Bakshi |
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Designation : |
Executive Directors |
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Name : |
Mr. V. Ramakrishna Rao |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. C. R. Patnaik |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. B. S. Shekhawat |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. R. Narayan |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. C. K. Gopalakrishna |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. P. Satish |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. K. C. Shashidhar |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. Pankaj Pandit |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Dr. Venkatesh Tagat |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. S. C. Kaushik |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. P. Mohanaiah |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. S. T. Raghuraman |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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|
Name : |
Mr. Suraj Bhan |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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|
Name : |
Mr. J. C. Mishra |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. D. P. Mishra |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. M. V. Ashok |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. G. C. Panigrahi |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. S. G. Siddesh |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. K. K. Gupta |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. S. Akbar |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. A. K. Srivastava |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. B. B. Nayak |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. S. Balan |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. H. K. Talreja |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. M. L. Sukhdeve |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. K. Muralidhara Rao |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Dr. S. L. Kumbhare |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. P. C. Mishra |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. J. G. Menon |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. V. Mohan Doss |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. S. K . Singh |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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|
Name : |
Mr. Niraj Kumar Gupta |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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|
Name : |
Mr. A. D. Ratnoo |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. M. V. Patro |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. N. S. P. Rao |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. K. S. Padmanabhan |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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|
Name : |
Mr. R. Amalorpavanathan |
|
Designation : |
Chief General Managers (Rural Development Banking Service) |
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|
Name : |
Dr. H. N. V. Prasad |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. A. N. Rajwani |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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Name : |
Mr. P. C. Sahoo |
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Designation : |
Chief General Managers (Rural Development Banking Service) |
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|
Name : |
U. N. Srivastava |
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Designation : |
Chief General Managers (Legal / Technical Service) (Legal) |
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|
Name : |
Mr. Neeraj Kumar |
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Designation : |
Chief General Managers (Legal / Technical Service) (Technical) |
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|
Name : |
Dr. P. Renganathan |
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Designation : |
Chief General Managers (Legal / Technical Service) (Technical) |
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|
Name : |
Mr. H. R. Dave |
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Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Mr. A. P. Sandilya |
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Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Mr. B. G. Mukhopadhyay |
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Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Mr. G. R. Chintala |
|
Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Mr. B. K. Dey |
|
Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Mr. M. M. Bahet |
|
Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Dr. P. M. Ghole |
|
Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Dr. U. S. Saha |
|
Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Mr. R. S. Jodha |
|
Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Mr. R. Sundar |
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Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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|
Name : |
Mr. S. V. Nemlekar |
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Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training Institutions) |
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|
Name : |
Mr. P. L. Negi |
|
Designation : |
Chief General Managers (In-Charge Of Regional Offices/ Training
Institutions) |
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Name : |
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Designation : |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Not Available
BUSINESS DETAILS
|
Line of Business : |
They provides financial solutions for the promotion and development of
agriculture in the rural sector |
GENERAL INFORMATION
|
No. of Employees : |
4500 (Approximately) (In Office + In Regional Office) |
|
|
|
|
Bankers : |
Reserve Bank of |
|
Banking
Relations : |
-- |
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|
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|
Auditors : |
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|
Name : |
Khimji Kunverji and Company Chartered Accountants |
|
Address : |
Suit 52, |
|
Tel. No.: |
91-22-22662550 / 22661270 / 22662011 |
|
Fasimile : |
91-22-22664045 |
|
E-Mail : |
FINANCIAL DATA
[all figures are
in Rupees Millions]
BALANCE SHEET
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
FUNDS AND
LIABILITIES |
|
|
|
|
|
|
|
|
|
Capital (Under Section 4 of the NABARD Act, 1981) |
20000.000 |
20000.000 |
20000.000 |
|
Reserve Fund and Other Reserves |
118627.233 |
106745.996 |
95352.060 |
|
National Rural Credit Funds |
160450.000 |
159830.000 |
155710.000 |
|
Funds out of grants received from International Agencies |
1388.956 |
1498.764 |
1548.179 |
|
Gifts, Grants, Donations and Benefactions |
26018.923 |
47080.854 |
51110.193 |
|
Other Funds |
34314.740 |
27350.635 |
21018.068 |
|
Deposits |
827766.753 |
699960.203 |
521271.235 |
|
Bonds and Debentures |
267882.149 |
200043.812 |
236994.370 |
|
Borrowings |
76812.910 |
51777.968 |
35929.414 |
|
Current Liabilities and Provisions |
55460.980 |
48633.089 |
42827.613 |
|
Total |
1588722.644 |
1362921.321 |
1181761.132 |
|
Forward Foreign Exchange Contracts (Hedging) as per contra |
5920.963 |
5636.554 |
6345.679 |
|
|
|
|
|
|
PROPERTY AND
ASSETS |
|
|
|
|
Cash and Bank Balances |
107652.679 |
96283.376 |
139752.105 |
|
Investments |
193295.093 |
37854.964 |
29946.830 |
|
Advances |
1260279.995 |
1205058.457 |
988526.706 |
|
Fixed Assets |
2294.863 |
2347.183 |
2471.714 |
|
Other Assets |
25200.014 |
21377.341 |
21063.777 |
|
Total |
1588722.644 |
1362921.321 |
1181761.132 |
|
Forward Foreign Exchange Contracts (Hedging) as per contra |
5920.963 |
5636.554 |
6345.679 |
|
Commitment and Contingent Liabilities |
|
|
|
|
Significant Accounting Policies and Notes on
Accounts |
|
|
|
PROFIT & LOSS
ACCOUNT
|
INCOME |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Interest received on Loans and Advances |
81691.399 |
66533.146 |
56930.222 |
|
Income from Investment Operations / Deposits |
9432.385 |
12556.893 |
13073.642 |
|
Other Receipts |
896.323 |
557.962 |
502.952 |
|
Total “A” |
92020.107 |
79648.001 |
70506.816 |
|
EXPENDITURE |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Interest and Financial Charges |
61938.685 |
49884.558 |
42559.025 |
|
Establishment and Other Expense |
11260.988 |
5479.774 |
6933.857 |
|
Provisions |
356.034 |
1326.206 |
924.981 |
|
Depreciation |
225.798 |
232.936 |
213.642 |
|
Total “B” |
73781.505 |
56923.474 |
50631.505 |
|
Profit before Tax (A - B) |
18238.602 |
22724.527 |
19875.311 |
|
a) Provision for Income Tax |
4600.000 |
6470.000 |
6740.000 |
|
b) Provision for Deferred Tax - (Asset) |
846.500 |
671.900 |
(802.000) |
|
c) Provision for Fringe Benefit Tax |
0.000 |
0.000 |
36.000 |
|
Profit after Tax |
12792.102 |
15582.627 |
13901.311 |
PROFIT AND LOSS APPROPRIATION ACCOUNT
|
APPROPRIATIONS / WITHDRAWALS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Profit for the year brought down |
12792.102 |
15582.627 |
13901.311 |
|
Add: Withdrawals
from Funds against expenditure debited to Profit & Loss A/c |
|
|
|
|
a) Co-operative Development Fund |
60.532 |
38.304 |
38.114 |
|
b) Research and Development Fund |
176.749 |
98.299 |
87.611 |
|
c) Watershed Development Fund |
10.114 |
447.044 |
249.146 |
|
d) Micro Finance Development and Equity Fund |
114.075 |
100.105 |
99.270 |
|
e) Investment Fluctuation Reserve |
20.765 |
0.000 |
0.000 |
|
e) Farm Innovation & Promotion Fund |
23.920 |
9.694 |
7.340 |
|
f) Financial Inclusion Technology Fund |
0.000 |
10.000 |
0.000 |
|
Withdrawals of funds which have been closed |
|
|
|
|
i) Foreign Currency Risk Fund |
1470.604 |
0.000 |
0.000 |
|
ii) Soft Loan Assistance Fund for Margin
Money |
100.000 |
0.000 |
0.000 |
|
iii) Agriculture & Rural Enterprise
Incubation Fund |
50.000 |
0.000 |
0.000 |
|
Profit available for Appropriation |
14818.861 |
16286.073 |
14382.792 |
|
Less: Transferred to: |
|
|
|
|
a) Special Reserve u/s 36(1) (viii) of IT Act,
1961 |
3600.000 |
3500.000 |
3400.000 |
|
b) National Rural Credit (Long Term
Operations) Fund |
500.000 |
4000.000 |
4000.000 |
|
c) National Rural Credit (Stabilisation)
Fund |
100.000 |
100.000 |
100.000 |
|
d) Co-operative Development Fund |
60.532 |
38.304 |
38.114 |
|
e) Research and Development Fund |
176.749 |
98.299 |
87.611 |
|
f) Investment Fluctuation Reserve (Refer
Schedule 1) 30,00,00,000 42,00,00,000 |
1160.765 |
300.000 |
420.000 |
|
g) Farmers Technology Transfer Fund |
335.554 |
645.840 |
316.142 |
|
h) Farm Innovation & Promotion Fund |
23.420 |
9.694 |
465.558 |
|
i) Producers'
Organization Development Fund |
500.000 |
0.000 |
0.000 |
|
j) Rural
Infrastructure Promotion Fund |
250.000 |
0.000 |
0.000 |
|
k) Financial Inclusion
Technology Fund |
100.000 |
0.000 |
0.000 |
|
MFDEF Reserve Fund |
0.000 |
800.000 |
0.000 |
|
Reserve Fund |
8011.841 |
6793.936 |
5045.367 |
|
Total |
14818.861 |
16286.073 |
14382.792 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
4017.328 |
9724.001 |
5966.160 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
No |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
No |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
No |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Economic Environment
1. The World Economic
Outlook (WEO) of the International Monetary Fund has projected the growth in
global output at 4.4 per cent in 2011, a decline of 0.6 percentage points
relative to 2010. The Gross Domestic Product (GDP) of the country has
registered a growth of 8.5 per cent in 2010-11 compared to a growth of 8.0 per
cent in 2009-10.
2. The high growth
trajectory of GDP has been facilitated due to a rebound in agriculture from 0.4
per
cent during
2009-10 to 6.6 per cent during 2010-11. The contribution of agriculture sector
to the GDP was 14.2 per cent during 2010-11, a marginal decline of 0.2 per
cent, as compared to 2009-10. The livestock sector contributed 3.5 per cent to
the GDP and 28.4 per cent to GDP from agriculture.
3. The overall
inflation rate as measured by changes in the Wholesale Price Index on a monthly
basis was 9.4 per cent during 2010-11 as compared to 3.6 per cent during the
fiscal 2009-10. Food inflation was high due mainly to rise in prices of rice,
vegetables, fruits, milk, eggs, meat and fish.
4. Agricultural
exports increased from Rs.817500.000 Millions during 2008-09 to Rs.852690.000
Millions during 2009-10, registering a growth of 4.30 per cent. The percentage
share of agriculture and allied products in the total exports was 9.9 during
2009-10 as compared to 9.0 in 2008-09. The share of food and allied products in
the total imports of the country increased from 2.1 per cent in 2008-09 to 3.7
per cent in 2009-10.
5. The country as a
whole received 912.8 mm of rainfall, which was 2.0 per cent more than the Long
Period Average (LPA) during the South-West monsoon (June-September) 2010, as
compared to 23 per cent less than the LPA in the corresponding period last
year. Rainfall during the North-East monson was also 21 per cent more than the
LPA.
6. Total crop
acreage under both kharif and rabi during 2010-11 indicated an increase of 9.40
million hectares over the previous year. The crop acreage under various crops
during kharif 2010 was 103.90 million hectares, which was 6.88 million hectares
more than the area covered during the corresponding period of kharif 2009. The
major increase in area was under rice (2.3 million hectares). Area sown under
rabi crops in 2010-11 was more by 2.52 million hectares, with growth in area
under rabi foodgrains at 3.41 per cent.
7. The production
of breeder and foundation seed is estimated at 1.1 and 18.5 lakh quintals,
respectively, while certified/quality seed distribution was 321.36 lakh
quintals during 2010-11. The irrigation potential created under all types of
irrigation structures has increased from 81.10 million hectares in 1991-92 to
108.2 million hectares by March 2010. Utilisation was to the extent of 85 per
cent.
8. As against the
target of Rs.3750000.000 Millions of credit flow to agriculture for 2010-11,
the banking system disbursed Rs.4467790.000 Millions, as on 31 March 2011,
achieving 119.14 percent of the target.
Commercial Banks, Co-operative Banks and Regional Rural Banks (RRB)
disbursed Rs.3327060.000 Millions, Rs.701050.000 Millions and Rs.439680.000
Millions, contributing 74 per cent, 16 per cent and 10 per cent respectively,
of the total credit flow during 2010-11.
9. During 2010-11,
7.26 million Kisan Credit Cards were issued by banks with sanctioned credit
limit of Rs.433700.000 Millions. Of the cumulative 100.93 million credit cards
issued, as at the end of March 2011, 45.03 million cards were issued by
commercial banks, followed by 40.70 million cards by co-operative banks and 15.20
million cards by Regional Rural Banks.
10. Out of
Rs.292400.000 Millions received under the Agriculture Debt Waiver and Debt
Relief Scheme 2008, the cumulative disbursements by NABARD was Rs.290710.000
Millions against claims of Rs.291020.000 Millions. The share of SCB, SCARDB and
RRB stood at Rs.182890.000 Millions, Rs.38100.000 Millions and Rs.69720.000
Millions, respectively.
11. The GCF in
agriculture and allied sectors increased from Rs.866110.000 Millions in 2005-06
to Rs.1333770.000 Millions (at 2004-05 prices) in 2009-10. The GCF in
agriculture and allied activities, as a proportion to GDP in the sector,
increased from 14.57 per cent in 2005-06 to 20.30 per cent in 2009-10.
12. According to
the 3rd Advance Estimates, the foodgrain production during 2010-11 has been
estimated at 235.88 million tonnes, as compared to 218.11 million tonnes (final
estimate) during 2009-10, registering an increase of over 8 per cent compared
to the previous year. Area and production under horticulture crops increased
from 20.7 million hectares and 214.7 tonnes, respectively, during 2008-09, to
20.9 million hectares and 223.1 million tonnes, respectively, during 2009-10.
Development and
Promotional Initiatives
Credit Planning
13. During the
year, Potential Linked Credit Plans (PLP) were prepared for 624 districts in
the country, to guide the banks in the credit planning excercise and for
infrastructure development in 2011-12. State Focus Papers, presenting a
comprehensive picture of the potential available in various sectors of the
rural economy and critical infrastructure gaps to be bridged, were discussed
with all State Governments and banks.
Farm Sector
14. During the
year, 66 watershed projects were sanctioned, taking the cumulative number of
such projects to 579, covering an area of 4.86 lakh ha., in 14 states, with a
total commitment (loan and grant component) of Rs.2205.700 Millions. Under the
Prime Minister's Relief package for 31 distressed districts in four States,
71,127 ha., were taken up for implementation during the year, taking the cumulative
area and financial commitment to 9.42 lakh ha., and Rs.10230.000 Millions,
respectively.
15. An amount of
Rs.1522.600 Millions and Rs.31.800 Millions were disbursed under watershed
projects as grants and loans during the year; the cumulative disbursements
under these components were Rs.3500.300 Millions and Rs.331.800 Millions,
respectively. Under the Special Plan for
.
16. The Climate
Change Adaptation Project in Akole and Sangamner Talukas of Ahmednagar
District,
17. The Village
Development Programme is now being implemented in 801 villages spread across 25
States. The programme was completed in 115 villages and is under different
stages of implementation in 686 villages.
18. During the
year, financial assistance of Rs.3739.700 Millions under Tribal Development
Fund was sanctioned for 126 projects benefiting 94,163 tribal families in
various states. Cumulatively, Rs.9176.0 Millions was sanctioned to 317 projects
covering 2.50 lakh families.
19. During
2010-11, under Farm Innovation and Promotion Fund (FIPF), 45 projects were
sanctioned in 15 states, with grant assistance of Rs.54.700 Millions.
Cumulatively, 123 projects were sanctioned with a financial support of
Rs.116.500 Millions. Under the Farmers’ Technology Transfer Fund (FTTF), 512
diverse and innovative projects in 27 states were sanctioned during the year
2010-11 with grant assistance of Rs.449.700 Millions.
20. During the
year, 21,903 Farmers' Clubs (FC) were launched, taking the total number of
clubs to 76,708, as on 31 March 2011. Agency-wise, NGO promoted maximum number
of clubs (13,599), followed by cooperative banks (2,922), commercial banks
(2,733), RRB (2,215), State Agricultural Universites (SAU)/Krishi Vigyan
Kendras (KVK) [255] and other agencies (179). During 2010-11, three Farmers'
Training and Rural Development Centres (FTRDC) were provided a total grant
assistance of Rs.10.200 Millions under FTTF. During the year, 282 exposure
visits for 7,548 farmers were arranged in collaboration with select research
institutes, KVK and SAU.
21. During the
year, 44 projects covering 220 villages were launched with a financial
commitment of Rs.154.100 Millions under ‘Pilot Project on augmenting
productivity of lead crops/activities through adoption of sustainable
agricultural practices’.
22. Under the
Special Project on Livelihood Based Development, Rs.4.100 Millions and
Rs.03.300 Millions respectively, were released for Sultanpur and Rae Bareli
districts of Uttar Pradesh, during the year, taking the cumulative
disbursements to Rs.89.800 Millions and Rs.77.200 Millions. An amount of
Rs.274.800 Millions was sanctioned for 2,816 units under Dairy Venture Capital
Fund (DVCF), Rs.285.700 Millions for 342 units under Poultry Venture Capital
Fund (PVCF) and Rs.96.900 Millions for 1,978 units under Dairy Entrepreneurship
Development Scheme (DEDS). The cumulative sanctions as on 31 March 2011 stood
at Rs.1743.900 crore for 18,184 units under DVCF, Rs.481.8 Millions for 633
units under PVCF, and Rs.96.900 Millions for 1,978 units under DEDS. Under the
programme of Artificial Groundwater Recharge through Dugwells, net subsidy of
Rs.2806.370 Millions was released by NABARD, for construction of 7.13 lakh
Artificial Recharge Structures.
23. NABARD
received Rs.1322.700 Millions during 2010-11 and disbursed Rs.1357.600 Millions
as grant assistance during the year under the Kreditanstalt für Wiederaufbau
(KfW) supported externally aided projects, which are at various stages of
implementation.
Rural Non-Farm Sector
24. During the
year, 122 innovative projects were sanctioned under the NABARD-SDC Rural
Innovation Fund, taking the cumulative number to 375. An amount of Rs.104.200
Millions was sanctioned for these projects, taking the cumulative sanctions to
Rs.492.800 Millions. The disbursement during the year, including for projects
sanctioned earlier, was Rs.144.200 Millions.
25. Under the
'Scheme for Strengthening of Rural Haats', grant support of Rs.57.400 Millions
was sanctioned to 118 rural haats during 2010-11. Cumulative grant assistance
was Rs.131.900 Millions for 307 rural haats across 23 States. A total of 113
clusters across 84 districts in 22 States had been approved during the year,
while 3,327 Rural Entrepreneurship Development Programme (REDP) / Skill
Development Programme (SDP) were supported with financial assistance of
Rs.123.400 Millions. As many as 20 clusters are supported in the NER.
Cumulatively, 17,859 REDP/SDP have been supported with grant of Rs.833.500
Millions.
26. During the
year, 1.20 lakh Swarojgar Credit Cards
(SCC) with credit limit of Rs.5142.600 Millions were issued for facilitating
hassle-free availability of credit for investment and working capital
requirements of small / micro-entrepreneurs. The cumulative total of SCC was
12.12 lakh involving credit limit of Rs.49495.100 Millions.
Financial Inclusion
27. RBI
contributed Rs.34.600 Millions [Rs.30.5 Millions towards Financial Inclusion
Fund (FIF) and Rs.04.100 Millions towards Financial Inclusion Technology Fund
(FITF)], during the year 2010-11, while the GoI contributed Rs.300.000 Millions
each to the two Funds. NABARD contributed Rs.300.000 Millions (FIF) and
Rs.400.000 Millions (FITF). An amount of Rs.190.000 Millions under FIF and
Rs.1011.000 Millions under FITF were sanctioned during the year. As on 31 March
2011, Rs.386.600 Millions for 150 projects under FIF and Rs.1224.100 Millions
under FITF for 55 projects have been sanctioned. Under NABARD-UNDP collaboration,
Rs.17.322 Millions had been utilised during 2010-11 for activities conducted by
NABARD in seven focus states :
Micro-Finance
28. There were
more than 69.53 lakh savings-linked SHG and more than 48.51 lakh credit-linked
SHG covering 9.7 crore poor households, as on 31 March 2010, under the
microfinance programme. The share of outstanding bank loans to SHG as a
percentage of bank loans to weaker sections by scheduled commercial banks (31
March 2010) was 16.3 per cent, compared to 15.8 per cent in the previous
year.
29. Under the
Microfinance Development and Equity Fund, Rs.473.8 Millions was released during
2010-11, of which Rs.299.5 Millions was grant support for promotional
activities and Rs.174.300 Millions for Capital Support / Revolving Fund
Assistance to Micro Finance Institutions, as against Rs.204.900 Millions and
Rs.604.200 Millions, respectively, in the previous year. During the year, grant
assistance of Rs.378.600 Millions was sanctioned to various agencies for
promoting and credit linking 81,890 groups, taking the cumulative assistance
sanctioned to Rs.1462.200 Millions for 5.81 lakh groups. Grant assistance of
Rs.510.600 Millions was released during the year for the formation of 4.01 lakh
SHG. Nearly 2.60 lakh SHG were credit linked.
30. Under the
Rajiv Gandhi Mahila Vikas Pariyojana, 25,571 SHG were promoted, of which 14,979
were credit linked by end March 2011. In addition, 951 Cluster Level
Federations and 26 Block
Level Federations
have been formed.
31. An amount of
Rs.247.400 Millions was sanctioned as grant for promoting 1.25 lakh Joint
Liability Groups across the country till March 2011. During the year, 1,606
Micro Enterprise Development Programmes were conducted for 37,138 members on
various location-specific farm, non-farm and service sector activities.
Cumulatively, 4,449 MEDP were conducted for 1.09 lakh participants.
32. NABARD
continued to support the project sanctioned to the Government of Arunachal
Pradesh for implementing 'Micro-Finance Vision 2011'. The project involves
promoting and credit linking of 1,650 SHG at a cost of Rs.3.915 Millions. An
amount of Rs.0.949 Millions has been released so far.
33. NABARD Financial
Services Limited disbursed an amount of Rs.506.400 Millions to 2,019 groups
through 31 Business Correspondents (BC) during 2010-11. In addition,
disbursements to the extent of Rs.15.000 Millions were made to MFI and
Federations, taking the aggregate disbursements during the year to Rs.521.400
Millions. Grant assistance of Rs.15.318 Millions was released during the year
to Centre for Microfinance Research (CMR) established by NABARD in Bankers
Institute of Rural Development
(BIRD), taking the
cumulative assistance to Rs.34.736 Millions. Of the prioritised 27 themes for
research, 6 have been completed and the remaining are ongoing.
NABARD Consultancy Services
34. NABARD
Consultancy Services Private Ltd (NABCONS), the wholly owned subsidiary of
NABARD, achieved Rs.241.300 Millions of contracts and executed `166.500
Millions worth assignments during 2010-11; the profit after tax was Rs.58.000
Millions. During the current year, NABCONS significantlly diversified its
business by entering into new areas of business, viz., development of web based
MIS for various State Government Programmes, monitoring of various
infrastructure projects in different states adjoining the international borders
of the country, under Border Area Development Programme (BADP).
Research and Development Activities
35. During the
year, Rs.176.800 Millions was utilised from the Research and Development Fund
for supporting activities like research projects/studies (Rs.8.000 Millions),
seminars (Rs.8.000 Millions), training/summer placement (Rs.157.700 Millions),
occasional papers (Rs.0.200 Millions), NABARD Chair Professor Scheme (Rs.1.400
Millions) and other activities (Rs.1.500 Millions). The cumulative disbursement
stood at Rs.1361.900 Millions. During 2010-11, ten research projects involving
a grant assistance of Rs.10.900 Millions were sanctioned. Further, six
projects/studies sanctioned earlier were completed during the year.
36. During the
year, grant assistance of Rs.12.700 Millions was sanctioned to various
universities, research institutes and other agencies for organising 131
seminars, conferences, symposia and workshops covering subjects/ areas related
to agriculture and rural development including agricultural marketing.
37. During the
year, five Occasional Papers titled Kisan Credit Card, Infrastructure for
Agriculture and Rural Development, Economics of sugarcane production and
processing, Micro-finance for micro-enterprises and Promoting Rural non-farm
sector were published. Under the NABARD Chair Professor Scheme, three
Professors affiliated to IARI,
38. Grant
assistance of Rs.155.800 Millions was utilized from the Fund during the year on
training of staff of client banks. During the year, 576 training programmes
were conducted by the Training Establishments of the Bank for 14,667
participants. BIRD conducted a special on-location programme on Credit Planning
and Development Finance for IAS probationers undergoing Phase I course, at the
Lal Bahadur Shastri National Academy of Administration, Mussorie and an
in-house programme on financial system and development finance for probationers
of the Indian Economic Service. RTC, Mangalore organised an International
Exposure Programme on Micro Finance for a batch of 14 officers from SANASA
Development Bank, Sri Lanka during the year.
39. During the
year 2010-11, the bank provided technical and financial support to seven Junior
Level
Training Centres, 12
Agricultural Co-operative Staff Training Institutions and three Integrated
Training
Institutes to
enable them to improve their training system.
Business
Operations
40. The total
financial support extended by NABARD during 2010-11 stood at `604830.000 Millions,
registering a growth of 5.98 per cent over 2009-10.
Production Credit
41. The total
production credit disbursed, at end- March 2011, was Rs.341960.000 Millions.
During 2010-11, Short-term Seasonal Agricultural Operation (SAO) credit limits
were sanctioned to 21 State
Co-operative Banks
(SCB) aggregating `237590.000 Millions, as against `181090.000 Millions
sanctioned to 20 SCB during 2009-10. The credit limits included Rs.22499.000
millions for the Oilseeds Production Programme, `2109.700 Millions for National
Pulses Development Programme and `7527.600 Millions for credit requirements of
tribals under the Development of Tribal Population. The maximum outstanding was
`236967.200 Millions.
42. During
2010-11, Short-Term weavers credit limits aggregating `2157.500 Millions were
sanctioned to four SCB (Andhra Pradesh, Karnataka,
43. The scheme of
extending ST refinance to State Co-operative Agriculture and Rural Development
Banks for SAO was
continued during the year. Refinance of Rs.1400.100 Millions was extended to
Kerala (Rs.793.900 Millions) and Rajasthan (Rs.606.200 Millions) SCARDB at 4.5
per cent interest rate for lending to the ultimate borrowers at 7 per cent.
44. During
2010-11, limits of Rs.97996.900 Millions were sanctioned to 80 RRB under ST-SAO
as gainst
Rs.68321.300
Millions sanctioned to 74 RRB in 2009-10. The limits included Rs.8203.100
Millions for Oilseeds Production Programme, Rs.2012.300 Millions for
Development of Tribal Population and Rs.162.000 Millions for National Pulses
Development Programme. The aggregate limit for STOSAO sanctioned to RRB during
2010-11 was Rs.6000.000 Millions, as against Rs.5420.000 Millions in the
previous year. The maximum utilisation was Rs.5980.000 Millions.
45. The
continuance of the interest subvention scheme was announced in the Union Budget
2010-11.
Interest
subvention of 1.5 per cent per annum was available to public sector banks,
co-operative banks and RRB for deploying their own funds for crop loan upto
Rs.0.300 Millions per farmer, provided the ultimate borrower got such loans at
7.0 per cent interest rate per annum. Additional subvention of one per cent,
announced in the year 2009-10 to those farmers who repaid crop loans promptly
within one year of disbursement was enhanced to 2 per cent during 2010-11.
During the year, an amount of Rs.12614.000 Millions was disbursed as subvention
for 2009-10. Interest subvention for 2010-11 has been estimated at Rs.20000.000
Millions.
46. NABARD
continued to act as nodal agency for GoI package for restructuring of Term
Loans of Co-operative sugar mills. Out of Rs.1701.400 Millions received from
GoI towards interest subvention, Rs.1699.400 Millions was disbursed to 77
co-operative sugar mills in
Investment Credit
47. During the
year, the total investment credit (including co-finance) disbursed was
Rs.134858.700
Millions, as
against the target of Rs.129800.000 Millions. The achievement against target was
103.90 per cent. The growth in refinance disbursed during the year was 12.30
per cent over that of the previous year. The policy of preferential treatment
to states in North- Eastern, Eastern, Hilly Regions,
48. Changing
market conditions, impacting cost of funds for NABARD, necessitated the
revision of interest rates on refinance five times during the year. Interest
rates, with effect from 07 February 2011 stood at 9.75 per cent for Commercial
Banks, 9.25 per cent for RRB, 9.15 per cent for co-operative banks/ PUCB/
NEDFi, 8.15 per cent for ADFC/NABFINS and 10.5 per cent for NBFC. However, for
NER, including
49. Refinance
distribution across regions varied widely with the south accounting for the
highest share
(43%), followed by
north (21%), central (14%) and other regions (22%). During the year, the major
share of sector-wise refinance was accounted for by NFS (25.6%), followed by
SHG (18.9%), Farm Mechanisation (13.1%), Minor Irrigation (6.8%) and Dairy
Development (6.8%). Of the total refinance disbursed, 43.80 per cent was for
thrust areas.
50. During the
year, MoU for co-financing were executed with 5 RRB in Andhra Pradesh and a
commercial bank. In all, MoU were executed with 27 banks. During the year,
three new projects were sanctioned, taking the cumulative number of sanctioned
projects to 51, with a total financial outlay (TFO) of Rs.8406.400 Millions.
The disbursement during 2010-11 was to the extent of Rs.140.000 Millions.
Cumulative sanction and disbursement were Rs.2403.500 Millions and Rs.1536.400
Millions, respectively.
51. NABARD is the
nodal agency for channelising subsidy, monitoring and coordinating with others
under the Capital Investment Subsidy Scheme of GoI. Under the scheme for
Agricultural Marketing Infrastructure, Grading and Standardisation, 654
projects with TFO of Rs.9784.500 Millions were considered for sanction. Subsidy
of Rs.831.500 Millions was released to the banks during the year. Cumulatively,
4,492 units involving TFO of Rs.29120.000 Millions were granted subsidy of
Rs.2740.300 Millions. Subsidy of Rs.14.900 Millions was disbursed for 110
projects, involving a TFO of
Rs.77.500 Millions
under the Scheme for Agri Clinics and Agri Business Centres (ACABC). umulatively, 390 projects were sanctioned
under the scheme involving TFO of Rs.286.200 Millions and release of subsidy of
Rs.53.800 Millions. Under the Schemes on Animal Husbandry, an amount of
Rs.16.900 Millions was released as subsidy for poultry processing and
sheep/goat rearing units. An amount of Rs.36.100 Millions towards the subsidy
component, was released for 8,987 units under the Jawaharlal Nehru National
Solar Mission.
52. Under National
Project on Organic Farming (NPOF), a total of 667 units (vermi-hatchery
units-627,
bio-fertilizers
units-36 and fruit and vegetable waste compost units-13) had been sanctioned
with net subsidy release of Rs.124.500 Millions till 31 March 2011.
53. During the
year 2010-11, NABARD conducted seven evaluation studies covering four
investments, viz., rural godowns, agricultural market infrastructure,
agri-clinics and agri-business centres and solar homelighting system. NABARD
also conducted 16 Investment Specific Studies (ISS) and 8 Special Studies (SS)
covering farm and rural non-farm sectors.
Rural Infrastructure Development Fund
54. The annual
allocation under the Rural
Infrastructure
Development Fund (RIDF) was Rs.160000.000 Millions during 2010-11 taking the
cumulative allocation to Rs.1160000.000 Millions. Additionally, a separate
window was introduced in 2006-07 for funding rural roads component of Bharat
Nirman Programme, with allocation of Rs.185000.000 Millions, till 2009-10. The
total allocation for RIDF, thus, stood at Rs.1345000.000 Millions, as on 31
March 2011.
55. During
2010-11, a total of 41,779 projects involving loan amount of Rs.183148.800
Millions was sanctioned under RIDF XVI, taking the cumulative number of
projects to 4,44,162 and cumulative amount sanctioned to Rs.1218884.000
Millions.
56. During the
year, disbursements were made to the tune of Rs.120600.400 Millions. The
cumulative disbursements under RIDF (I to XVI) and Bharat Nirman aggregated to
Rs.989997.800 Millions. The statewise analysis of ratio of disbursements to the
approved phasing of sanctions revealed that Mizoram topped with 120 per cent,
followed by Uttarakhand and Goa (100%), Meghalaya (90%), Tamil Nadu (89%),
Haryana and Maharashtra (88%), Punjab and Gujarat (87%), and UP, Jammu and Kashmir
(86%). The cumulative amount of loan sanctioned and disbursed to States in the
North-Eastern region, including
57. NABARD is
exploring possibilities of funding implementation of specific projects under
the Public Private Partnership model. The bank is in the process of networking
with the private sector and encouraging partnerships to bring about private
sector competence and funds into the realm of rural infrastructure.
Financial
Performance and Management of Resources
84. The total
financial resources of NABARD increased to Rs.1588720.000 Millions, as on 31
March 2011, registering an increase of 16.57 per cent, over the previous year. Total
market borrowings of Rs.347470.000 Millions, as on March 31, 2011, constituted
21.87 per cent of the total resources of the bank.
85. The paid up
capital, as on 31 March 2011, was Rs.20000.000 Millions against the authorised
capital of Rs.50000.000 Millions; with the share of GoI being 99 per cent and
that of the RBI at one per cent. The amount of reserves and surplus increased
by Rs.11880.000 Millions, as on 31 March 2011
86. The amount
outstanding under the non-project long-term (LT) loans granted to State
Governments for contributing to the share capital of co-operative credit
institutions, amounted to Rs.1670.000 Millions as on 31 March 2011. There was a
decrease of Rs.320.000 Millions as compared to the position as on 31 March
2010.
87. The total
income of NABARD during the year amounted to Rs.92020.000 Millions as against
Rs.79650.000 Millions for the year 2009-10. The profit before tax and profit
after tax were at Rs.18240.000 Millions and Rs.12790.000 Millions respectively
as on 31 March 2011, as compared to Rs.22720.000 Millions and Rs.15580.000
Millions respectively, in the previous year. The average cost of borrowings
(interest expenditure as a per cent of average borrowings) decreased from 6.83
per cent per annum during 2009-10 to 6.64 per cent per annum during 2010-11.
The capital to riskweighted assests ratio (CRAR) was 21.76 per cent as on 31
March 2011, as compared to 24.95 per cent as on 31 March 2010.
CONTINGENT LIABILITY:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Claims against the Bank not acknowledged as debt. |
0.000 |
33.660 |
33.660 |
Provisional
Unaudited Financial Results for the quarter ended June 30, 2011
|
Sr. No. |
Particulars |
Quarter ended 30 June 2011 Unaudited |
Quarter ended 30 June 2010 Unaudited |
|
1 |
Interest earned
(a)+(b)+(c)+(d) |
25832.000 |
21807.100 |
|
(a) |
Interest on
loans and advance |
22367.700 |
19371.200 |
|
(b) |
Income on
investments |
3464.300 |
2435.900 |
|
(c) |
Interest on balances
with Reserve Bank of |
0.000 |
0.000 |
|
(d) |
Others |
0.000 |
0.000 |
|
2 |
Other Income |
200.400 |
183.400 |
|
3 |
Total Income
(1+2) |
26032.400 |
21990.500 |
|
4 |
Interest
Expended |
17585.500 |
14530.100 |
|
5 |
Operating
Expenses (i) + (ii) |
2121.200 |
1640.700 |
|
(i) |
Employees cost |
1622.300 |
1101.600 |
|
(ii) |
Other operating
expenses |
498.900 |
539.100 |
|
6 |
Total
Expenditure (4+5) excluding provisions and contingencies |
19706.700 |
16170.800 |
|
7 |
Operating Profit
before Provisions and Contingencies (3-6) |
6325.700 |
5819.700 |
|
8 |
Provisions
(other than tax) and Contingencies |
28.000 |
57.500 |
|
9 |
Exceptional
Items |
0.000 |
0.000 |
|
10 |
Profit (+)/Loss (-)
from Ordinary Activities before tax (7-8-9) |
6297.700 |
5762.200 |
|
11 |
Tax expenses |
1900.000 |
1700.000 |
|
12 |
Net Profit
(+)/Loss (-) from Ordinary Activities after tax (10-11) |
4397.700 |
4062.200 |
|
13 |
Extraordinary items
(net of tax expense) |
0.000 |
0.000 |
|
14 |
Net Profit (+) /
Loss (-) for the period (12-13) |
4397.700 |
4062.200 |
|
15 |
Paid-up capital |
20000.000 |
20000.000 |
|
16 |
Reserves excluding
Revaluation Reserves (as per balance sheet of previous accounting year) |
114827.000 |
102075.400 |
|
17 |
Analytical
Ratios |
|
|
|
(i) |
Capital Adequacy
Ratio |
21.33% |
25.60% |
|
(ii) |
Earnings Per
Share (EPS) |
NA |
NA |
|
18 |
NPA Ratios |
|
|
|
(a) |
Gross NPA |
69.15 |
48.14 |
|
(b) |
Net NPA |
27.00 |
16.17 |
|
(c) |
% of Gross NPA
to Gross loans & advances |
0.0484 |
0.0398 |
|
(d) |
% of Net NPA to
Net loans & advances |
0.0189 |
0.0134 |
|
(e) |
Return on Assets |
1.11% |
1.19% |
NA = Not
Applicable
Return on Assets = Net Profit (after tax)
divided by total average assets
Notes:
1) Previous period figures have been regrouped
/ rearranged wherever necessary.
2) The above financial
results were taken on record by the
Executive Committee of the Board of Directors at its meeting held on 27 August
2011 at New Delhi and have been
subjected to 'Limited Review' by the Statutory Auditors of the Bank.
3) As per consistent practice
followed by the Bank, the treatment/disclosure of Deferred Tax, Segment
Reporting and Consolidated Financial Results shall be dealt with/made at the
year end. Contribution to National Rural Credit Funds is considered as at the
year end.
4) The Expenses/Provisions on account of
Gratuity, Depreciation, Interest payable on Unutilised Funds, Study and Training , etc. have been proportionately
accounted based on Audited figure for
the year ended March 31, 2011, impact
whereof would not be material on interim results according to the management.
FIXED ASSETS:
·
Land : Freehold and
Leasehold
·
Premises
·
Furniture and Fixtures
·
Computer installations
and Office Equipments
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.27 |
|
|
1 |
Rs.82.10 |
|
Euro |
1 |
Rs.68.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
69 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.