EXCELLENT CO-OPERATIVE BANK LTD. MUMBAI
BALANCE SHEET AS AT 31st MARCH 2008
2006-07	LIABILITIES		2007-2008	2006-07	ASSETS		2007-2008
Rs.                    P.		Rs.                          P.	Rs.                            P.	Rs.                            P.		Rs.                        P.	Rs.                          P.
1,50,00,000.00	AUTHORISED SHARE CAPITAL		1,50,00,000.00		CASH & BANK BALANCE
				17,608,945.03	A)  Cash on Hand	26,677,180.88
	ISSUED SUBSCRIBED & PAID UP				B) Current A/c with RBI, MSC Bank
11,773,340.00	Held by Individuals		12,580,665.00	40,676,350.15	and MDCC Bank.	5,281,246.57
					C)  Balances with other Banks
	RESERVE FUND & OTHER RESERVES			1,257,933.98	in current A/c	2,339,156.80
34,409,278.30	I)     Statutory Reserve Fund	36,722,075.80			D)  Fixed Depotis
83,969,757.25	ii)    Reserve for Bad & Doubtful Debts	86,366,240.00		149,400,000.00	i)   F.D. with M.S.C. Bank	182,491,500.00
1,654,763.00	iii)   Dividend Equalisation Fund	1,654,763.00		159,500,000.00	ii)  F.D. with M.D.C.C. Bank	129,500,000.00
100,000.00	iv)   Building Repair Fund	200,000.00			(Pledged Rs. 9.05 crores against
3,500,000.00	v)    Charity Fund	3,500,000.00			borrowing limit)
32,500,000.00	vi)   Building Fund	33,000,000.00		78,517,236.00	iii)  F.D. with other Banks	133,517,556.00	479,806,640.25
9,000,000.00	vii)  Common Good Fund	9,000,000.00
5,000,000.00	viii)  Members Welfare Fund	5,500,000.00			INVESTMENTS
3,189,150.00	ix)    Business Risk Fund (Investments)	3,189,150.00		102,773,412.00	I)    In Govt. Securities	100,205,336.00
3,500,000.00	x)    Staff Welfare Fund	3,960,000.00			Book Value               10,02,05,336.00
2,379,700.00	xi)   Investment Depreciation Fund (Govt.)	2,379,700.00			Face Value                 9,98,00,000.00
2,500,000.00	xii)  Golden Jubilee Fund	3,000,000.00
2,500,000.00	xiii)   Computer upgradation Fund	2,500,000.00			ii)  Other Non Trustee Securities
869,285.00	xiv)   Staff P/L, S/L, Encashment Fund	1,836,145.00		2,899,000.00	Shares of Ltd. Co. (Quoted)	2,899,000.00
1,005,000.00	xv)  Contingent Provision for STD. Assets	1,005,000.00			Book Value                    28,99,000.00
14,508,456.00	xvi)  Special BDDR Fund (Fraud)	14,508,456.00	208,321,529.80		Face Value                      3,56,800.00
					Market Value                  31,77,304.00
	DEPOSITS & OTHER ACCOUNTS				iii)  Shares of other  Co-op. Institutions
164,754,391.70	I)     Fixed Deposits	158,700,610.20		6,000.00	a)  6 Shares of MSC Bank Ltd of	6,000.00
411,851,425.06	ii)    Savings Deposits	403,936,358.65			Rs.1000/- each
187,339,845.91	iii)   Current Deposits	192,903,871.71
6,304,250.00	iv)   Recurring Deposits	6,625,966.00			OTHER INVESTMENTS
21,333,768.97	v)  Matured FD, RD etc	6,358,584.72	768,525,391.28	34,419,000.00	I)  Reserve Fund Investments	36,919,000.00
	(All Deposits are from Individuals)				(in FDR with MSC Bank Ltd.)
				12,225,000.00	ii)  Gratuity Fund Investments	-	140,029,336.00
					(in FDRs with MSC Bank Ltd.)
1,003,942,411.19	TOTAL C/F		989,427,586.08	599,282,877.16	TOTAL C/F		619,835,976.25
2006-07	LIABILITIES		2007-2008	2006-07	ASSETS		2007-2008
Rs.                    P.		Rs.                          P.	Rs.                            P.	Rs.                            P.		Rs.               P.	Rs.                          P.
1,003,942,411.19	Balance B/F		989,427,586.08	599,282,877.16	Balance B/F		619,835,976.25
	BORROWINGS				ADVANCES
Nil	I)     From Reserve Bank of India		Nil		1.  Short Term Loan, O.D., Cash
Nil	ii)    From State Bank/Central Co-op. Bank		Nil		Credit & Bills Discounted of
Nil	iii)    From other Banks		Nil		which secured against.
					a)  Govt, & Other Trustee Securities	2,026,248.53
	BILLS FOR COLLECTION BEING				b)  Other Tangible Securities	282,491,192.91
7,620,186.00	BILLS RECEIVABLE AS PER CONTRA		15,042,226.14		c)  Unsecured Advances	13,934.22
				288,277,084.70		284,531,375.66
Nil	BRANCH ADJUSTMENTS		6,031.00		Of the advances :
					I)  amount due from individuals	284,531,375.66
	RESERVE FOR INTEREST				ii) amount overdue	43,478,559.36
21,445,389.55	ON OVERDUE ACCOUNTS		21,455,249.46		iii) amount considered Bad & Doubtful	9,846,338.46
					of recovery fully provided for
13,641,187.89	INTEREST PAYABLE		13,259,706.76
					2.  Medium Terms Loan of which
	CURRENT LIABILITIES & PROVISIONS				Secured against:
7,712,460.08	a)  Pay Order Issue A/c.	7,443,248.32			a)  Govt. & Other Trustee Securities	360,827.00
301,435.50	b) 35th Dividend Payable	-			b)  Other Tangible Securities	74,035,667.00
292,579.50	c)  36th Dividend Payable	291,120.50			c)  Unsecured Advances	1,209,568.02
341,924.50	d)  37th Divident Payable	317,708.00		118,780,881.52		75,606,062.02
-	e)  38th Divident Payable	391,957.50			Of the advances :
12,215,422.00	f)   Staff Gratuity Fund	-			I)  amount due from individuals	75,606,062.02
13,034,720.52	g)  Sundries	13,993,687.42	22,437,721.74		ii) amount overdue	5,600,792.52
					iii) amount considered Bad & Doubtful	4,453,885.52
	PROFIT & LOSS ACCOUNT				of recovery fully provided for
	Profit as per last Balance Sheet	8,039,526.79
	Less: Appropriations				3.  Long Term Loans of which
	a)  Reserve Fund	2,009,881.00			Secured against:
	b)  Dividend (15%)	1,650,000.00			a)  Govt. & Other Trustee Securities	-
	c)  Building Fund	500,000.00			b)  Other Tangible Securities	12,203,139.95
	d)  Res. for Bad & Doubtful Debts	1,230,242.75			c)  Unsecured Advances	-
	e)  Members Welfare Fund	500,000.00		12,212,732.95		12,203,139.95
	f)   Staff Welfare Fund	500,000.00			Of the advances :
	g) Grautuity Fund	882,844.00			I)  amount due from individuals	12,203,139.95
	h)  Staff P/L Enc Fund	130,715.00			ii) amount overdue	Nil
	i)  Golden Jubilee Year Fund	500,000.00			iii) amount considered Bad & Doubtful	Nil
	j)  Building Repair Fund	100,000.00			of recovery fully provided for		372,340,577.63
		35,844.04
	Add: Profit for the year				INTEREST RECEIVABLE
8,039,526.79	brought from the Profit & Loss A/c	9,908,801.89	9,944,645.93	21,445,389.55	a)  On Loans & Advances	21,455,249.46
				8,976,495.00	b)  On Investments	10,801,196.00	32,256,445.46
1,088,587,243.52	TOTAL C/F		1,071,573,167.11	1,048,975,460.88	TOTAL C/F		1,024,432,999.34
2006-07	LIABILITIES		2007-2008	2006-07	ASSETS		2007-2008
Rs.                    P.		Rs.                          P.	Rs.                            P.	Rs.                            P.		Rs.               P.	Rs.                          P.
1,088,587,243.52	Balance B/F		1,071,573,167.11	1,048,975,460.88	Balance B/F		1,024,432,999.34
					BILLS RECEIVABLE BEING BILLS FOR
				7,620,186.00	COLLECTION AS PER CONTRA		15,042,226.14
				420,110.90	BRANCH ADJUSTMENTS		-
					FIXED ASSETS (WDV)
					a)  Premises:
					Balance as per last B/S	4,222,391.00
				4,222,391.00	Less : Depreciation	211,119.60	4,011,271.40
					b)  S.D.V. Lockers
					Balance as per last B/S	499,638.35
					Add : During the year	106,687.00
				499,638.35	Less : Depreiation	82,947.30	523,378.05
					c)  Furniture & Fixtures :
					Balance as per last B/S	3,260,203.00
					Add : During the year	2,624,645.50
				3,260,203.00	Less : Depreciation	545,400.90	5,339,447.60
					d)  Car
					Balance as per last Balance Sheet	597,717.90
				597,717.90	Less : Depreciation	89,657.70	508,060.20
					e)  Computers
					Balance as per last Balance Sheet	393,532.00
					Add : During the year	331,450.00
				393,532.00	Less : Depreciation	347,690.35	377,291.65
	CONTINGENT LIABILITIES:
	1.  In respect of				OTHER ASSETS
	Guarantees issed on behalf of the			499,335.30	a)  Printing Matter & Stationery	468,794.02
	constituents Rs. 4,03,516.00)			14,508,456.00	b)  Suspense Account (fully provided for)	14,508,456.00
	(Previous year Rs. 2,50,216.00)			44,741.00	c)  Stamps & Stamped Documents	31,772.00
				3,463,641.23	d)  Detained Cheques	1,425,068.00
				259,455.00	e)  Deposits with M.T.N.L. & Others	242,205.00
				423,705.96	f)   Sundries	399,807.71
				329,114.00	g)  Prepaid Expenses	328,784.00
				3,069,555.00	h)  Advance Income Tax paid	3,933,606.00	21,338,492.73
1,088,587,243.52	TOTAL		1,071,573,167.11	1,088,587,243.52	TOTAL		1,071,573,167.11
As per our report of even date attached			As per our report of even dated attached			For EXCELLENT CO-OP. BANK LTD.MUMBAI
M/s. C.P. Kasat & Co.,			For Mishra & Firke Associates
(Chartered Accountants)			(Chartered Accountants)			(Sadiq Hawa)	(Mansur Chunawala)
						Chairman	Director
(C P Kasat)	Place: Mumbai		Partner
Proprietor	Date : 05th June 2008		(Jawahar Kothari)			Date :15.04.2008
Internal Auditor			Statututory Auditor			Place : Mumbai
Membership No.33995			Membership No. 48601