CHAPTER 2 COMPANY PROFILE Introduction of the Surat Dis.

Co-Operative Bank Ltd: In the year 1909 on 17th June with the strenuous efforts of late Shri B.A.MODI & Shri K.G.DESAI society viz, the Surat District Co-Operative Union Limitation was registered. In the year 1921, this society has undertaken banking activities in absolute terms and in the year 1923. The Surat district co-operative union ltd. was converted in to THE SURAT DISTRICT CO-OPERATIVE BANK LTD. The work extended to the entire Surat District, which included city of Surat has also towns like Navasari, Valsad, Billimora and Sizable tribal areas with hiss & dense forests. The vast Surat District was bifurcated in 1965 & district of Valsad was separated. At present there are 14 Taluka in Surat District of which 9 are in tribal areas. Banks had separate department for agriculture advance from the year 1944, and become an effective central agency for co-ordinate and smooth flow of finance to co-operative sector in district. ALL CO-OPERATIVE ORGANIZATION LIKES:The Surat District Milk Producers Co-operative Union Ltd. The Purushottom Farmers Co-operative. Ginning and pressing society ltd. The Surat District Co-operative Spinning Mills ltd. Cotton Co-operative societies of Olpad taluka. Surat central Co-operative stores Ltd. Having since been developed and bank had provided timely to them. During this period, forest labors co-operative society were also capital in tribal and were engaged in crop cutting activity for which substantial finance was provided to them. After1960, when shri Khedut Sahakari Khand Udhyog Mandali ltd Bardoli, came existence the entire Sugar factories has tooting financial trouble in the beginning. However bank had provided them enough finance as also assisted even for meeting share capital also. The sugar cane crop has now become principal crop in District, and out of total capable area of 490000 Hectares, 83745 Hectares is under sugar cane cultivation. The Surat District co-operative bank

ltd. amply supported this economics structure of the crushing capacity of 35500 tones per day. Annual sugar production exceeds to 400 corers in this sector. Bank has been enjoying privilege of having prominent citizens in field like social, cooperative and agriculture, on its board included outstanding lawyers and members of parliament District Panchayat, major of Surat City and lenders from various walker of life including ministers. Immediate past chairman of the board shri Pramodbhai K Desai was award Kaka Saheed Godgil Award for his outstanding services to society as also awarded by the Gujarat state Cooperative union by Sahakari award. Shri Popatbhai Vyas, the present director on the board, remained as home minister of the state. Shri Dilipbhai Bhalta, the present chairman is also the Chairman of Madhi Vibhag Khand Udhyog Sahakari Mandali ltd and also enjoying key position in different co-operative societies functioning in various fields. Board has formed committees for loans, staff matters, legal matters and new construction etc... Also power has been delegated properly to smoothen day-to-day working. Bank has been committed for overall up to lift man of the society developing upon the profit made by the bank, donation from a special platinum jubilee fund, to the extend of exceeding Rs. 40 lakh every year in made to the hospital, schools, colleges and charitable institutions. Also separate fund has been created for donating the educational organization only. Another trust is also created for donation to the charitable and social service organization viz. Surat District Co-operative Bank Charitable Trust. Last year bank has donated Rs. 50 Lakh for ultimate benefit of people affected with natural calamities in addition to Rs. 36 lakh or so to the different organization setup, for betterment of medical education etc.

Organization Structure of the bank: -

MANAGING DIRECTOR

GENERAL MANAGER

ASSISTANT GENERAL MANAGER

ASSISTANT GENERAL MANAGER

ASSISTANT GENERAL MANAGER

ASSISTANT GENERAL MANAGER

MANAGER

MANAGER

MANAGER

MANAGER

ASSISTANT MANAGER

ASSISTANT MANAGER

ASSISTANT MANAGER

ASSISTANT MANAGER

CLERK

CLERK

CLERK

CLERK

Objectives of the bank: 1) To create funds to be lend at moderate of interest to the members of the bank in accordance with the procedure specified in these byelaws. 2) To give possible help and necessary guidance to traders, artisans etc. who are members of this bank, in the conduct of their business. 3) To do hundi business To lends money on security to its members. With the previous permission of the registrar, to purchase any property for the business of or for the use of the bank, to construct it and / or to make suitable alternatives as may be necessary and to maintain the same. To provide safe deposit vault to facilitate safekeeping of ornaments and valuable, etc. To perform any function as may deemed lawful for the bank and that as the Central Government or the States Government may direct. 4) To do every kind of trust and agency business and particularly do work investment of funds, sale of properties and of recovery or acceptance of money. To undertake the management of trust and for that to accept any office of the trustee, executors or office to perform duties of such of confidence nature either independently or jointly with same other person as the deems fit. 5) To accept money, documents, securities, valuables articles and goods every description for keeping them in Safe-Custody or for sending them for one place to the other. 6) To under take every kind of banking and also to under take giving bank guarantees and letter of credit on behalf of members.

BOARD OF DIRECTORS OF SURAT DIS. CO-OPERATIVE BANK LTD.

Sr. no 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

Board of directors Shri Dilipbhai B Bhakta Shri Amarshinh J Chaudhari Shri Bhagabhai P Patel Shri Maganbhai R Patel Shri Narayanbhai H Doanwala Shri Haribhai L Patel Shri Ramanbhai A Patel Shri Shradhbhai S Patel Shri Narendrabhai D Solanki Shri Maganbhai B Vasava Shri Jayshigh D Vasava Shri Kiritbhai R Desai Shri Pravinchandra C. Parekh Shri Parbhubhau N Vasava Mrs. Dr. Vikasben K Desai Shri Chhotubahi L Patel Shri Nayanbhai N Bhartiya Shri Leelachand V. Patel Shri Sureshbhai J Patel

20 21

Shri Ajaybhai J Shah Shri Pradipshigh G Atodaria

Staff details of Surat Dis. Co-operative Bank Ltd. Designation Manager Clerk/cashier/inspector/go. Manager Peon/Driver etc. Total staff members 137 246 103

Branches:Banks registered office is at the J. P. Road, near the Athwagate. Banks main branch is in the Surat city. It is near to Chautapul (kanpith). Bank has other 56 (total 57) branches which is located in two (Surat and Tapi) district and bank thinking for start 6 new branches in two year. BRANCH LOCATOR

SR. NO.

BRANCH NAME / ADDRESS MAIN KANPITH, DIST. SURAT Locker Available

Opening Date

Telephone Number

BRANCH SURAT 17/06/1909 395 003

0261-2597730, 2597738 2594739

BARDOLI CITY TAL. DIST. SURAT Locker Available MANDVI TAL. DIST. SURAT Locker Available

BRANCH BARDOLI, 09/03/30 394 160

02622 - 220030

BRANCH MANDVI 25/03/44 394 160

02623 - 221038

MADHI BRANCH, MADHI. TAL.BARDOLI 02/06/46 DIST. SURAT394 340 Locker Available OLPADBRANCH TAL. DIST. SURATLocker Available VYARA TAL.VYARA DIST. SURATLocker Available

02622 - 242050

OLPAD 20/08/48 394 540

02621 - 222039

BRANCH 394 650 16/07/50 02626 - 220047

KOSAMBA BRANCH, KOSAMBA. TAL. MANGROL 23/07/50 DIST. SURAT694 120 Locker Available SONGADH BRANCH TAL. SONGADH 25/02/51 DIST. SURAT-394 670 Locker Available MAHUVA TAL. DIST. SURAT-394 Locker Available BRANCH MAHUVA 21/04/59 250

02629 - 231254

02624 - 222047

02625 - 255724

10

NIZER TAL. DIST. SURAT-394 Locker Available KATHOR BRANCH, TAL. DIST. SURAT-394 Locker Available

BRANCH NIZER 01/07/60 370

02628 - 244227

11

KATHOR. KAMRAJ 06/11/61 150

02624 - 256229

12

BARDOLI STATION BR. TAL. BARDOLI 15/04/62 DIST. SURAT-394 602 Locker Available SURAT STATION BR., SURAT. TAL. CHORYASI 30/06/63 DIST. SURAT-395 003 Locker Available VALOD TAL. DIST. SURAT-394 Locker Available UCHHAL TAL. DIST. SURATLocker Available BRANCH VALOD 17/05/64 640

02622 - 225143

13

0261-2427853

14

02625 - 222039

15

BRANCH UCHHAL 06/06/65 394 375

02628 - 231101

16

CHALTHAN BRANCH, CHALTHAN. TAL. PALSANA 09/09/67 DIST. SURAT394 305 Locker Available MANGROL TAL. DIST. SURAT- 394 410 BRANCH MANGROL 04/11/67

02622 - 281080

17

02629 - 220253

18

KADOD BRANCH, KADOD. TAL. BARDOLI 22/02/69 DIST. SURAT394 335 Locker Available KIM BRANCH, TAL. DIST. SURAT Locker Available KIM. OLPAD 12/04/69 394 110

02622 - 246237

19

02621 - 238393

20

ANAVAL BRANCH, ANAVAL. TAL.MAHUVA 14/03/70 DIST. SURAT396 510 Locker Available SARDARMARKET BRANCH, SURAT. 02/08/70 DIST. SURAT 395 003 KARCHELIYA KARCHELIYA. TAL. DIST. SURAT- 394 240 BARNCH, MAHUVA 12/09/70

02625 - 252221

21

0261-2439039

22

02625 - 256828

23

SAYAN BRANCH, SAYAN. TAL.OLPAD 08/05/71 DIST. SURAT394 130 Locker Available CHOWK BZ. SURAT. DIST. SURAT- 395 003 BUHARI BRANCH, TAL. DIST. SURAT- 394 630 SAGRAMPURA SURAT. DIST. SURATBRANCH 14/06/71

02621 - 242134

24

0261-2599070

25

BUHARI. VALOD 27/11/72

02625 - 244251

26

BRANCH, 395 002

26/01/73

0261-2330598

Locker Available VARAD BRANCH, TAL. DIST. SURAT- 394 355 VARAD. BARDOLI 05/05/73

27

02622 - 255339

28

DOLVAN CHAR RASTA BRANCH. TAL. VYARA 18/06/73 DIST. SURAT- 394 635 KAMREJ CHAR RASTA. BR. TAL. KAMREJ 26/04/74 DIST. SURAT- 394 185 RANDER BRANCH, SURAT. DIST. SURAT 395 005 02/05/76 Locker Available KUKARMUNDA TAL. DIST. SURAT 394 380 GANGADHARA TAL. DIST. SURAT- 394 310 NANAPURA BRANCH, DIST. SURAT- 395 001 BRANCH NIZER 30/05/76

02626 - 251221

29

02621 - 252085

30

0261-2764374

31

02628 - 223130

32

BRANCH PALSANA 15/06/76

02622 - 263224

33

SURAT.

22/08/76

0261-2470409

34

KATARGAM BRANCH, SURAT. DIST. SURAT395 004 03/09/79 Locker Available BHAMANIYA TAL. DIST. SURAT- 394 246 BRANCH MAHUVA 05/04/81

0261-2482268

35

02625 - 256849

36

PATEL NAGAR BRANCH, SURAT. 24/11/82 DIST. SURAT395 004

0261-2530859

Locker Available NAVYUG BRANCH, DIST. SURAT Locker Available HARIPURA BRANCH, DIST. SURAT 395 003 BHATAR BRANCH, DIST. SURAT Locker Available AMROLI BRANCH, DIST. SURAT Locker Available SURAT. 395 009 07/06/84

37

0261-2784303

38

SURAT.

08/09/84

0261-2423472

39

SURAT. 395 001 21/0285

0261-2241108

40

SURAT. 394 107 22/02/85

0261-2499835

41

GHOD-DOD BRANCH, SURAT. DIST. SURAT 395 001 10/02/86 Locker Available PALSANA TAL. DIST. SURATLocker Available PALGAM BRANCH, DIST. SURAT- 391 045 BRANCH PALSANA 25/02/86 394 315

0261-2653477

42

02622 - 264243

43

SURAT.

12/10/86

0261-2840380

44

PIPLOD BRANCH, SURAT DIST. SURAT395 007 04/12/86 Locker Available BAJIPURA BRANCH, BAJIPURA. TAL. VALOD 08/12/86 DIST. SURAT394 690 Locker Available MORTHANA BRANCH, MORTHANA. 18/12/86 TAL. KAMRAJ

0261-2227328

45

02625 - 233253

46

02621 - 247148

DIST. SURAT- 394 325 VALVADA BRANCH, TAL. DIST. SURAT- 394 248 VALVADA. MAHUVA 19/05/87

47

02625 - 251249

48

BHAUDHAN BRANCH, BHAUDHAN. TAL. MANDVI 20/06/87 DIST. SURAT- 394 140 SARBHON BRANCH, TAL. DIST. SURAT- 394 350 SARBHON. BARDOLI 06/01/88

02623 - 251251

49

02622 - 253514

50

KIM CHAR RASTA BR. TAL. OLPAD 12/08/91 DIST. SURAT- 394 111 VAV BRANCH, VAV. TAL. KAMRAJ 12/08/91 DIST. SURAT394 326 Locker Available J.P.ROAD BRANCH, DIST. SURAT- 395 001 VED ROAD BRANCH, DIST. SURAT- 395 004 SURAT. 11/12/91

02621 - 234032

51

02621 - 251025

52

0261-2470258

53

SURAT.

16/10/93

0261-2513998

54

SACHIN BRANCH, SURAT. DIST. SURAT394 221 30/03/96 Locker Available UKAI BRANCH, TAL. DIST. SURAT- 394 680 UMARPADA TAL. UKAI. SONGADH 07/07/97

0261-2391846

55

02624 - 233701

56

BRANCH 28/11/01 UMARPADA

02629 - 253615

DIST. SURAT- 394 370 RUMKITALAV TAL. DIST. SURAT BRANCH NIZER 06/12/01

57

02628 -222259

2.6 Computerization: All 57 branches of Surat district co-operative bank are fully computerized. 2.7 Growth Table of Surat Dis. Co-operative Bank Ltd.

(Rs. In lacs) Share Year capital funds 5641.49 6113.07 6528.11 6934.59 7654.09 8233.94 9616.36 10084.04 & Deposits Advances Profits Dividends

1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05

70787.16 86035.83 91513.49 99824.76 110574.59 113999.72 120979.51 111604.22

29301.44 23666.51 25889.64 35388.69 46008.14 39434.34 36868.87 24592.07

375.00 161.76 210.09 386.38 425.54 451.39 471.15 305.00

15% 15% 15% 15% 15% 15% 15% 15%

2005-06 2006-07 2007-08 2008-09 2009-10 20010-11

10434.40 10940.52 12257.00 14984.00

129343.18 120340.60 151929.97 174318.79 237854.43 213704.05

22346.28 35005.31 73007.29 56689.93 50282.66 51002.38

246.00 293.00 555.00 700.00 775.00 825.00

15% 15% 15% 15% 15% 15%

2.8Auditors:The audit of the bank shall be conducted only by the Chartered Accountants from the Panel approved by NABARD. The auditor is Parikh Mehta and Association (C.A), Baroda. 2.9 Bankers:The Gujarat State Co-operative ltd. (Ahmedabad) State Bank of India. (Surat & Bardoli)