Annual Report 2015-2016

GROWTH TRENDS

Branches

Share Capital, Deposits and Reserves

Loans Advanced

Annual and Total Turnover

Members & Accounts

G. PRODUCTIVITY & SUSTAINBILITY

1

JANSEVA IN BRIEFName

Area (States) ofOperation

Management

JANSEVA COOPERATIVE CREDIT SOCIETY LTD.

Andhra PradeshDelhiMaharashtraTamil Nadu

BiharKarnatakaOrissaUttar Pradesh

ChattisgarhMadhya PradeshRajasthanWest Bengal

1. General Body of Janseva elects BOD (Boards of Directors), which inturn appoints Executive Committee (EC), Regional supervisory Boards (RSB)Area Managing Board (AMB and Committee for special task like investmentand social banking yet.

2. CEO, functional directors and full time (support) staff manages the affairs

of the Society.

Laws Governing the Society 1. Multi-State Cooperatives Societies (MSCS) Act 2002;2. MSCS Rule 2002; &3. Bye-laws of the Society.

4. Rules framed by BOD of the Society.

Registering Authority Central Registrar of Cooperative Societies, Department of Cooperation, Ministry of Agriculture, Govt. of India.

Dr. Rahmatullah Abdul Ahad

Registration No. with Date MSCS/CR/335/2010 / 15th March 2010

Authorized Share Capital

Chief Promoter

Rs, 10,00,00,000

Registered Office Address AICMEU, Vazir Building, 1st Floor, 179, I.R. Road, MumbaiMaharashtra Pin - 400 003

Administrative Office Address 7/25-A, 2nd Floor, Grants Building, 17, Arthur Bunder Road, ColabaMumbai, Maharashtra Pin-400 005

PAN AAAAJ7811P

TAN MUMJ15027F

Accounting Software Smart Credit by Bhoomi Infosolutions Pvt. Ltd./ SNS System Pvt. Ltd.

Shriah Advisor/Board Shariah Advisory Board will be appointed in due course.

Auditors

Central Auditor

Pandey & Co.Darbhanga

Abu Kalam & CoMaharashtra Region

Peter Jaya Rao & Co.,Mysore

R. VenugopalanVaniyambadi

Riffai & Co.Chennai

Shridhar AithalUdupi & Gangolli

Bankers

SBI RBL Bank Axis Bank Union Bank Of India Bank Of Baroda Karur Vysya Bank SBH ICICI Federal Bank

Canara Bank Indian Overseas Bank. Akola Urban Bank Lokhit Urban Co-op. Cr. Soc. Ltd. Canara Bank

S M Athar & Co.

Bhadohi

Mohammed Hidayathullah & Co.Bangalore

Pal & Roy Co.Kolkata

(MULTI-STATE INTEREST FREE)

Sheikh Jahangir &Associates

R.N. Singh & Co.Gaya

Abusali Siddique & Associates

Tirunelveli & Kayalpatnam

(includes Hyderabad)

BMC Muslim Cooperative Bank Ltd. AICMEU’s Baitulmaal Co-op. Cr. Soc. Ltd. Indian Bank

Participatory solution of Financial Problem Participatory solution of Financial Problem

Participatory solution of Financial Problem Participatory solution of Financial Problem

2

NOTICE OF AGM

Honorary Board of Directors

Diamond Club Members

3-Dr Rahmatullah

Chairman

11-Dr. M. Z. KirmaniAligarh (UP)Director

7-Mr. Saiyed. Hasan Akbar

Director :Social media Lucknow UP

4-Mr V. Atheequr RahmanVaniyambadi (TN)Dy. Managing Director

10-Dr. Shaikh M.Ismail Mumbai (MS)

1-Mr. H B NawabPune (MS)

Managing Director

2-Mr S. Ahamed MeeranChennai (TN)Vice Chairman & HR

9-Mr. M.Shah AlamKolkata (WB)Director

6-Mr. Syed Zaheer AhmedMysore Director - Micro Finance

8-Dr. M I BagsirajBelguam (KA)Director : ERT

Director

Mumbai (MS)

Notice is hereby given that 7th Annual General Body Meeting of the Janseva Cooperative Credit Society Ltd. is scheduled to be held on Saturday June 04, 2016 at 3.30pm.The The Venue Of The Meeting Is Aicmeu's J R Career Center, First Floor, J R Urdu Municipal Secondary School, Dharamshala Road (next To Diamond Jubli Girls School), Mumbai 400 009

The agenda of the meeting is as below;

th th1-To read and confirm the minutes of the 6 AGM held on 14 June 2015.2-To consider, adopt and approve the annual work report along with the financial statement of the society for the year 2015-16as forwarded by BOD.3- To approval for disposal of net profit.4- To approval utilization of reserve funds. 5- To consider, adopt and approve the Annual Work Plan and budget for the year 2016-17.6-To receive, consider and adopt the amendments in SOP, Operational Manual, and Roadmap for establishing a new branch andH R Policy as formulated and finalized by EC & BOD.7- Appointment of chartered accountant for the year 2016-178- Any other matter with the permission of the chair.

Dr. Rahmatullah

Hon. Managing Director

Note- If the quorum is not complete on appointed time; meeting shall stand adjourned for half an hour.The

meeting will be held at 4pm at the same venue and transact the listed business for which no quorum will be

required.

and Promotion

5-Mr. Ibnu SoudChennai (TN)Director : Finance

12- Mr. Iqbal AhmedBangalore (KA)Director

1

1-AICMEU’s BaitulmaalCooperative Credit Soc. LtdMumbai

2-Mr. V. Atheequr RahmanVaniyambadi

5-Mr. Arab Mohd BurhanLuqmanAkola

6- Mr. Khan Liyakat AliMumbai

3-Mr. Abu Asim AzmiMumbai

4-Mr. Sulaiman ImtiyazAhmedChennai

Bhadohi8-Mrs. Shakeela N. AnsariBhadohi

9-Mr. Iqbal AhmedBangalore

10-Mrs. Noor Jehan IqbalBangalore

11-Rab Nawaz ShaikhBangalore

7-Mr. M. Naseem Ansari

12- Mr. S Ahamed MeeranChennai

13- Wasim AkhtarRourkela

14- Mohamed Yasin Lalpettai

13- Mrs. Mumtaz ShaikhMumbai (MS)Director

14- Mr. Afzal PadelaParbhani (MS)Director

15- Mr. M. Nasim AnsariBhadohi (UP)Director

16- Dr. Jawed ZulqarnainDarbhanga (Bihar)Director

17- Mr. Mujeeb SikanderUdupiDirector

18- Mr. Mujtaba FarooquiAurangabadDirector

3

MANAGING DIRECTOR REPORT

A. PROMOTIONAL AND INSPECTION VISITS

B- BRANCHES

C- MEMBERSHIP

D- DEPOSIT ACCOUNTS

Dear Members,

Peace be upon us all

I, on behalf of the Board of Directors, welcome you all at the 7thAnnual General Body Meeting of the society. It

is my pleasure in presenting before you the annual report along with the audited accounts of the Society for the

financial year ended 31st March 2016 for your kind consideration and approval. At this occasion let us first

thank to Allah Almighty for the opportunity He gave us to serve the cause of humanity by way of promotion and

practice of interest free financial system in this country.

Members of the board and head office staff undertook various visits for promotion of Janseva message,as well as training of the staff and audit guidance of existing branches, In all a total of 60 visits were undertaken coveringplaces like Gangoli, Udupi, Mysore, Bangalore, Delhi, Bhadohi, Kolkatta,, Hyderabad, Nasik, Nanded, Parbhani, Akola, Madurai, Tirunessslveli Rourkela and Aurangabad.DrRahmatullah, Mr. H.B. Nawab, Mr. Atheequrrahman, Mr. Syed Hasan Akbar, Dr. Ismail Shaikh, Mr. AhamedMeeran, Dr M I Bagseraj, and MrAbdur Rahman in particular undertook these visits. It is understood that many other Janseva members have also visited to their neighboringplaces for promotional purposes.

During the last fiscal, one extension counters at Mysore viz. Hunsurhas been granted the status of afull-fledged

branch. Moreover four branches one each at Madurai (TN), Lalpettai (TN), Delhi, Rourkela (Odisha), have been

established. This makes the total number of branches as 30, showing the growth of approx 20 percent. In

addition to this, five extension counters of Vaniyambadi branch at Perambut, Tripattur, Vellore, Krishnagiri and

Ambur are also in operation. These extension counters have potential and therefore are likelyto convert into a

full-fledged branch status in future.

The membership of the society in the last year has increased from 17062 to 20449 registering a growth

ofapprox. 20%. As per new directions of the Central Registrar, deposits cannot be accepted from Associate

members hence enrollment of new such members has been stopped. Moreover previously enrolled such

members are being converted in to ordinary members allotting minimum one share. This has reduced the

growth in enrollment of new members. However membership is granted in various categories of General

member, Silver club member, Gold club and Diamond club members have registered the growth in these

categories works out to be 20%, 16%, 34% and 17% respectively. State wise comparative figure shows thatin the

number wise growth, Maharashtra tops the list followed by Tamil Nadu and Karnataka. Howeverpercentage

wise increase shows Tamil Nadu at the top followed by Maharashtra and Karnataka.

As per the current policy, every member is required to open an account and save some money with the society.

However it is observed that only18,044 members have opened the account showing a growth of approx. 23

percent. Whereas 2405 members have not yet opened the account. Branch wise account status detail shows

that highestnumber of account holders are found with Vaniyambadi branch (4131) followed by Parbhani(1653),

Aurangabad (1669), Mumbai (1651). It may be noted with serious concern that as per policy all other branches

of the society have yet to reach the minimum targetof 500 accounts essential for financial stability

34

E. FINANCIAL STATUS

1. SHARE CAPITAL

2. DEPOSITS

. Still more serious concern is that while Chennai has shown zerogrowth, a negative growth trend is observed in case of Udupi .This seems to be high time that we must make efforts to ensure positivegrowth and persuade every existing member to open at least one JAF and one JMIF accounts in the society. Furthermore make more efforts to reach to large number of people, enroll them at least as General members andopen their accounts for savings purposes in the operational states of M P, Chhattisgarh, Orissa, Rajasthan andDelhi. This requires special attention of the members to extend the facilities of the society by enrolling

The total working capital of the society comes from subscription of shares, deposits, soft loans and grants andgifts. Society has yet to strive to get soft loans that can enhance the financial facility to the members. As per the audited statement the total assets of the society has increased from Rs. 16,45,52,403 to Rs 213,910,000. This shows the overall growth in thefinancial status of the society to the tune of approx. 30 percent.

The total subscribed share capital has increased from Rs. 4,17,84,200/- to Rs. 5,25,55,800/- showing an increase

of approx 26 percent. The highest positive change in share subscription has come from the state of Tamil Nadu

followed by Maharashtra, and Karnataka.

The total deposits mobilized during the current fiscal from the members of the society has increased from Rs

12,04,75,791/- to Rs. 15,63,13,874/-. This shows the approx. growth in deposits equivalent to approx 30

percent. It may be noted that these deposits basically comprise of Janseva Amanah Fund (JAF) deposits

(Demanddeposits) and Janseva Members Investment Fund (JMIF) deposits (Term deposits). With this

bifurcationdemand deposits has registered a growth of 37 percent and term deposits registered a growth of 12

percent. The branch wise record shows that Vaniyambadi branch is found as highest deposit mobiliser followed

by Udupi, Gangolli, Mumbai,andAurangabad branches.

F. LOAN AND ADVANCES

During the last fiscal it was decided that credit vs. business investment based operation ratio shall be 30:70. As aresult, society has advanced general purpose loan to the tune of Rs 6,53,31,889/- (29%) and business purposeloan to the tune of Rs 15,91,33,723/- (71%) with total outstanding loan balance Rs 16,96,97,362/- only. This show an approx growth of 46percent only over the year. Further the general credit vs. business loan ratioworks out to be approx. 29:71 which would have been 30:70 as mentioned above. However higher business vs. credit based operation is likely to relieve the society from service charge levy and collection practice which ispermissible but not desirable. The branch wise classification of total general purpose loan advanced shows that Vaniyambadi (1,87,74,525) Aurangabad (1,10,83,000), Gangoli (62,45,000), Parbhani (57,21,000),Kayalpatnam (57,09,000)) are the highest loan providers. Similarly classification based on business loan advanced, Vaniyambadi (3,54,05 200) provided business loan It may be noted that Vaniyambadi stands on the top on account of huge fund provided by HO and other branches Mumbai (2, 01,65,580) , Bangalore ( 1,81,02,785 ), Trinulvelli(1,24,42,806), Gangoli (1,13,12,350) , Mysore ( 93,14,448) are the top loan provider. .

NPA

Non-Performing assets are generally part of the lending business. However it has not yet been reported andrecorded in this report. Hopefully NPA's are expected to be nil or negligible in view of loan policy of providing 80percent of the loanable funds against 100 percent security. NPA's are features of and mainly associated with unsecuredloans Moreover there is no cause of much worry as 5% likely NPA is mitigated with internal insurance reserve system. However with growing loan business it has now become essential that we conduct branch wise detail study of actual NPA's so that, if required, urgent and immediate action should be taken for correction. Needless to say that it is NPA's which carry potential threat to the existence of any financial institutions operating in different modes.

5

Economy,Efficiency and Effectiveness are the three basic parameters which signal the success as well as strength of any objective based organization. To judge our operation,calculation and comparison between the cost of fund mobilsation and fund management and income earnedfrom the use of available funds have been made. Further in view of regular and contractual staff it has been difficult to reach at and reveal efficiency measure. Finally effectiveness t requires a field survey among the people of the hinterland of the branches, which has not been made. However based on available data an analysis is made shows that;1-In this fiscal per rupee cost of mobilization and management per annum is found as Rs 0.086 whereas the per rupee revenue earned is 0.098 showing a surplus of Rs 0.012 .This is in comparison to last year's per rupee revenue of Rs 0.113 in comparison to cost of Rs 0.097 showing a surplus of Rs 0.016 It implies that per rupee revenue this year has fallen down from 0.113 to 0.098 ie. a decline in revenue per rupee equivalent to 0.012. However positive change is observed as per rupee cost of mobilization and management has fallen down from 0.97 to 0.086 ie by 0.11 It may noted that while fall in revenue is caused due to reduced rate of service charges on general purpose loans and non optimal use of available fund. It would not be inapt to say that had the branches followed SOP with reference to cash to be maintained for withdrawals, we would have earned approx Rs 6,34,245 ( 5% of Rs 13268491) as service charge or Rs 15,92,218 as mark up price based profit.However under the given situation, sharing profit with investment depositors and dividend of shares @ 5% is indicator of migration from charity to productivity2-Total regular employees are reported as 88 during this fiscal. Per employee revenue is found as Rs 2, 46,140 per annum which shows a decline of 21 percent over theyear. Similarly the cost per employee per annum is found as Rs 2,10,316 which is less than 58,119 I,e 21.67 percent declineover the year. Again it implies that productivity per employee has led to decimal increase.3- Effectiveness of the society is indicated from the growth rate in terms of membership, branches, funds mobilized and used. As noted above, the society has shown positive and upward trend to the tune of over 20 percent in almost all the fields. Moreover efforts to professionalize the managementare likely to boost the effectiveness of the organization at a larger scale. Moreover abolition of Service Charges on General Loans in days to come will make the society unparalleled in the field of Interest free banking in the country.

Reserves and surplus indicate the caution to bear the jerks in operation. It may be noted that society is able tocreate and hold higher and higher reserves year after year. During the last fiscal, the society has created areserve of Rs22,92,412/- which has increased by Rs. 50,40,325 showing a growth of 119.87 percent. This increaseis witnessed on account of creating IRMF in addition to admission fees, CRMF and surpluses. With increasingoperation, reserves are likely to increase fastly enhancing the capacity of the society to bear the operationaljerks.

H. RESERVE AND SURPLUSES

G. PRODUCTIVITY AND SUSTAINLIBITY

I. DIVIDENDS AND PROFIT

The branches of the society have continued to share profit with members accounting to 2 to 11 percent of JMIF

deposits in this year also. Moreover on account of increase in business basedoperation and distributable earnings

society proposes to declares5 percent dividend on the subscribed sharecapital received by the society on or before

December 31, 2015. Further it is proposed that the current surplus of Rs. 7,564/- be transferred to reserve entitled as

ORMF.

J. TRANSACTION AND TURNOVER

Financial transactions show the trust and credit worthiness of the society in the eyes of the members. It may

benoted that financial transaction of the society has increased immensely during the year. The annual turnover

during the year is recorded as Rs. 1, 68, 09, 92,268/-which shows a growth of approx. 6 percent during the year.

Similarly the cumulative turnover in the last years is recorded as Rs 4,41,34,03,329/- shows the increase in

turnover as 62 percent It may benoted that total amount wise turnover has ever been on increase but the

percentage growth seems declining.

6

AUDITOR’S REPORT AND AUDITED FINANCIAL STATEMENTS

a. Auditor’s Report

To,The MembersJanseva Co-op Credit Society Ltd.MumbaiReport on the Financial Statements1. We have audited the accompanying financial statements of the Janseva Co-op Credit Society Ltd. which comprise the Balance Sheet as at 31st March, 2016 & Income and Expenditure Account for the year ended on that date along with the branches audited by us except for the period from 01st April, 2015 to 31st March, 2016.Management's Responsibility for the Financial Statements2. Management is responsible for the preparation of these financial statements in accordance with the Multi State Co-operative Societies Act, 2002 and Rules made there-under. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.Auditor's Responsibility3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the applicable Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements, whether due to fraud or error.4. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Bank's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances.

K- MEETING: MANAGEMENT, TRANINGS AND PROMOTIONAL EFFORTS

Five meetings of the BOD on dated 14th June 2015 at Mumbai with attendance of 53 percent members, second

meeting on at 8th & 9th August 2015 at Mumbai with attendance of 35 percent members, third meeting on 27th

October 2015 at Mumbai with attendance of 41 percent members, fourth meeting on 14th Feb 2016 at Mumbai with

attendance of 41 percent members and Fifth meeting held on 19th March 2016 at Madurai with attendance of 7

percent members have been held. It may be noted with concern that attendance of members in the meeting is seen as

unsatisfactory warranting consideration of all absentee members of the BOD. Further two meetings of the EC on 13th

June 2015 and 19th March 2016 at Mumbai and Madurai respectively.

During the last financial year we conducted 4 training program at Nanded, Bhadohi, Bangalore and Tirunelveli these

meetings in general discussed the ongoing work, operational training to AMB and managers and feedback and

suggestions for the BOD.

L. STANDARD OPERATING PRACTICES/PROCEDURES (SOP)

As per the decision of the BOD, a new Road map for establishing a new branch of the society and a SOP forguidance of

existing AMB and Managers in operation on day to day basis has been prepared for grant andapproval of BOD and AGM

s/dDr RahmatullahChairman

An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.Opinion6. In our opinion and to the best of our information and according to the explanations given to us, the said accounts together with the notes thereon give the information required by the Multi State Co-operative Societies Act, 2002 and rules made there-under, in the manner so required for the Urban Co-operative Banks and give a true and fair view in conformity with the accounting principles generally accepted in India:(i) in the case of the Balance Sheet, of the state of affairs of the Bank as at 31st March, 2016;(ii) in the case of the Income and Expenditure Account of the profit for the year ended on that dateReport on Other Legal and Regulatory Matters7. The Balance Sheet and the Income and Expenditure Account have been drawn up in accordance with the provisions of the Multi State Co-operative Societies Act, 2002 and the rules made there-under.8. We report that:(a) We have obtained all the information and explanations which, to the best of our knowledgeand belief, were necessary for the purpose of our audit and have found them to be satisfactory.(b) The transactions of the Bank, which have come to our notice, have been within the powers of the Bank.© The returns received from the offices and branches of the Bank have been found adequate for the purposes of our audit.9. In our opinion, the Balance Sheet, the Income and Expenditure Account comply with the Accounting Standards issued by Institute of Chartered Accountants of India (ICAI) to the extent applicable.10. We further report that:(i) the Balance Sheet and the Income and Expenditure Account dealt with by this report, are in agreement with the books of account and the returns.(ii) in our opinion, proper books of account as required by law have been kept by the Bank so faras appears from our examination of those books.(iii) the reports on the accounts of the branches audited by us / branch auditors have been dealtwith in preparing our report in the manner considered necessary by us.For M/s AEPN & AssociatesChartered AccountantsFRN. NO. 005842N

Jahangir H SheikhPartnerPlace: Mumbai

M. No. 107036.

7

B. Balance Sheet of the society for the period ended 31st March, 2016

Sources of FundsCapitalReserves & SurplusDeposits & Loans

Total

Application of FundsFixed Assetsa. Gross Blockb. Less: Depriciationc. Net Block

Current Assets, Loans & AdvancesCash & Bank BalancesLoans & Advances

Less: Current LiabilitiesBalances Payables

Total

Particulars Sch As on 31-03-2016 As on 31-03-2015

Rs. Rs. Rs. Rs.

123

4

5

6

18,655,478

17,549,020 1,106,458

117,760,64432,454,332

150,214,976

41,784,2002,292,412120,475,791

3,211,593

164,552,403

164,552,403

C. Income & Expenditure Statement for the period ended 31st March, 2016

IncomeIncome from operating activitiesOther Income

ExpenditureAdministrative & Other ExpensesDepreciation

Particulars Sch As on 31-03-2016 As on 31-03-2015

Rs. Rs. Rs. Rs.

78

9

1,96,42,975

14,01,850

1,71,39,49213,68,374

2,10,44,825

1,85,07,866

147,003,383

5,25,55,80050,40,32615,63,13,874

21,39,10,000

1,99,61,191 13,68,377

1,85,92,815

16,96,97,3622,95,25,069

19,92,22,430

39,05,245 19,53,17,185

21,39,10,000

18,603,769

16,110,945

18,540,269

63,500

15,004,4871,106,458

Provisions and Contingencies:Tax Provision-Reversal (6,15,565) 6,15,565

Net Profit for the year 31,52,522Appropriations 31,44,958

Net Surplus Transferred to B/S 7,564

18,95,12718,87,678

7,449

8

9

D. Schedules Forming part of Balance Sheet and Income & Expenditure

Schedule 4: Fixed Assets Schedule 10: Appropriations

Furniture & Fixture

Computer

Operation Risk Mitigation Fund

Software

Printer

Proposed Dividend

Daily Collection Machine

Note Counting Machine

Electric & Fitting

Inverter & BatteriesSafe

CC TV CameraIntercom System

Total

Gross Block Current Year

31,93,904

12,27,580

4,13,233

3,14,433

3,82,911

31,44,958

28,854

253,600

2,22,6813,01,162 23,399

4,642

Depreciation Last YearNet Block

Provision

Total

Investment Risk Mitigation Fund 5,12,7703,00,000

22,89,122

Schedule 3: Deposits & Loans

Demand DepositsTerm DepositsInvestment Deposit

TOTAL

Schedule 5: Current Assets, Loans & AdvancesA. Cash & Bank BalancesCash Balance in HandCash at Bank

Total

B. Loans & Advances and DepositsLoan & Advances

Other Current Assets

TOTAL

Current Year Last Year Current Year Last Year

10,83,77,1891,64,92,4283,14,44,257

15,63,13,874

6,82,1602,88,42,909

2,95,25,069

16,39,10,076

57,87,286

16,96,97,362

Schedule 6: Other LiabilitiesSundry CreditorsAudit Fees Payable

Provision Education Fund Payable

Profit Payable to Investor

CPF/ Incentives Payable to MobilizerOther Expenses Payable

Provision for Dividend

Total

Schedule 7: Income from OperatingActivitiesContribution for Promotion FundService Charges on LoanIncome from investment ActivityMiscellaneous Income

Total

Schedule 8: Other IncomeDonations & Grants

Total

142,61668,085

27,576

587,949

132,10642,360

1,424,624

3,211,593

-33,78,209

1,52,66,0579,98,709

1,96,42,975

14,01,850

Schedule 9: Administrative & Other

Expenditure

SalariesAccounting Charges

Advertisement ExpensesAudit Fees

Bank Charges

Computer Expenses

Electricity Charges

Gold Appraisal Charges

Honararium

Inauguration/Establishment Expenses

Insurance Expenses

Legal Expenses

Locker Rent

Meeting Expenses

Miscellaneous Expenses

Office Expenses

Office Rent

Printing & Stationery

Professional Tax

Refreshment Expenses

Repairing and Maintenance

Provision of Education Fund

Stamp & Documentation Charges

Stationary Expenses

SMS Alert Services

Telephone Expenses

Travelling & Conveyance

Lodging & boarding

Postage & Courier

Xerox Expenses

Vehicle Expenses

Website Charges

Water Exps

TOTAL

92,38,404

1,23,7381,94,785

66,346

92,048

2,85,524

3,070

1,09,185

2,93,905

44,05259,524

16,763

2,71,306

1,98,257

3,69,772

20,27,115

2,97,814

-

1,87,845

83,954

-

17,027

-

6,67,339

3,90,458

67,450

45,486

6,029

-

15,445

1,71,39,492

1,46,870

28,520

Schedule 1: Share Capital

Authorized Share Capital10,00,000 shares of Rs. 100/- each

Issued Subscribed & paid up capital5,25,558 shares of Rs. 100/- each

TOTAL

100,000,000

5,25,55,800

5.25,55,800

Current Year Last Year Schedule 2: Reserves & Surplus

Admission Fees

Credit Risk Mitigation Funds

Investment Risk Mitigation Fund

Last Year Surplus

Operation Risk Mitigation Fund

TOTAL

1,342,562

726,458

29,47310,000

2,292,412

Current Year Last Year

14,01,850

176,470

Tax Payable 615,565 -

Provident Fund 170,712

AMC of Software 83,175

Surplus 7,449

Fake note System

Two Wheeler

Land

2,774

1,90,695

1,33,00,000

1,99,61,191

4,24,962

4,67,765

51,464

1,09,213

1,37,484

12,368

24,996

28,79430,965 9,359

1,857

1,110

37,540

-

13,68,376

27,68,942

7,59,815

3,61,769

2,05,220

2,45,427

16,486

2,28,636

1,93,8872,70,197 14,040

2,785

1,664

1,53,155

1,33,00,000

1,85,92,815

100,000,000

79,729,62510,348,33430,397,832

12,04,75,791

2,545,95729,908,375

32,454,332

113,118,730

4,641,915

117,760,644

142,61668,085

27,576

587,949

132,10642,360

1,424,624

3,211,593

1,260,1703,527,397

12,913,377839,325

18,540,269

63,500

41,784,200

41,784,200

63,500

615,565

170,712

Intentives Paid 16,20,875

7,374,1433,000

189,622201,287

44,004

102,663

224,257

58,751

25,365

14,910

1,95,841

366,329

1,525,964

451,507

201,149

17,868

475,060

658,385

2,000

15,004

34,894

1,342,562

726,458

29,47310,000

2,292,412

176,470

69,693

7,449

17,94,013

10,500

21,824

15,004,487

51,388

4,510

126,501

46,533

309,244

2500

231,890

8,275

101,873

43,740

1% of Net Profit for CoopeartiveEducation Fund 31,525

1,424,624

10,000420,940

18,87,678

17,868

Transfer to General Fund:

0.5% Provision for Edu Fund 11,541 14,246

10

HIGHLIGHTS

1 - Growth with stability based on standardised operation.2 - Certificate course in ETHICAL BANKING.3 - Monthly monitoring, Quarterly Audit and reporting to HO.4 - 30:70 Credit & Investment business based operation.5 - Increase in share capital by 50% , JAF by 3 times and JMIF by 3 times of SSC.6 - JRF to general empowerment loan to 1000 people.7 - Promotion of S.H.G’s as pilot project at Mysore, Hyderabad, Aligarh and Nanded.8 - Creation of reserves as internal insurance measure.9 - Awareness Campaigns to reach to 10 lakh people for financial inclusion by way of interest free

A. Work Plan : 2016-17

financial mechanism.

1.

2.

BranchSr. no. Address Contact Person Mob.

Mumbai Branch AICMEU, Vazir Building, 1st Floor 179 I.R. RoadMumbai-03 Ph: 022-23476497 Email: mumbai01@janseva.in

Mr. Faizy M. ShamsuddinMr. Kazi Wajid 9773621480

Ground Floor, Nandadeep Building, CST Road, Near. Anjuman Islam School, Kurla West, Mumbai - 400070

Email: kurla01@janseva.in

Ground Floor, Plot No. T/2, Shivaji Nagar, Govandi Mr. Ata ur Rahim Mumbai-400043 Near Shivaji Nagar Police Station Mr. Kazi Wajid 9773621480Ph: 9769015307 Email: govandi01@janseva.in

Mr. Imran

Mr. Imam Masuldar

9226377361

9769015307

Kurla Branch

Govandi Branch

Jogeshwari Branch

3.

4.

6. New link road opp. Shah Compound Mumtaz House Dr. Islamil ShaikhBehramBaug Jogeshwari (W)- Mumbai 400102 Mr. Kazi Wajid 9773621480

Ph: 022-26782779 Email: jogeshwari@janseva.in

7/25-A, II Floor, Grants Building, 17, Arthur BunderRoad, Colaba, Mumbai - 400005Ph: 022-22818178 Email: janseva@janseva.in

Head Office Mr. Abdul Rehman 9029490717

7/25-A, II Floor, Grants Building, 17, Arthur Bunder Mr. Farid AhmedRoad, Colaba, Mumbai - 400005 Mr. Kazi Wajid 9773621480 Ph:9594470030 Email: coalaba01@janseva.in

Colaba Branch5.

Regional President: Khan Liyakat Ali E-mail:liyakatkhn1@gmail.com Regional Secratary: Mr. Syed Junaid Akbar

BRANCHES

Mr. Fahim Sk. 9769156494

Mr. Peer M MunshiMr. Kazi Wajid 9773621480

Mr. Shafi Inamdar 9820856381

Mr. Rashid Ansari 8421042799

10 - E-commerce and Plantation

Mr. Musabbir 9028400284Akola Branch7. Lokhit Mansion, Subhash Chowk, Akola, Pin - 444001 Ph: 0724-2422677 Email: akola01@janseva.in

Mr. Hafiz Abdul Hafeez 9822960558Nanded Branch8. 1st Floor, Wasim Complex, Near Bismillah MasjidNew Kela Market, Maharashtra Pin- 431604 Ph: 02462-258090 Email: nanded01@janseva.in

President: Mr. M B L Arab Secretary:Mr. M S Hamduley Treasurer: Mr. M A Shaheed Tareq

Mr. Sk. Wasim 9022436015

11

BranchSr. no. Address Contact Person Mob.

12. 301, Mahmood Aptt. Shanti Nagar, Hyderabad, Telangana Pin: 500008 Email: hyderabad01@janseva.in

Hyderabad Branch

Fatema Manzil, Opp. Ek Khana Masjid, Shah SirajRoad, Rohilagali, Aurangabad, Maharashtra- 431001

Mr. Shaikh Ahmed 7276704030Aurangabad Branch10.

Ph: 0240-2050118 Email : aurangabad01@janseva.in

13. No. 1, 1st Floor, Above Aalco Dept Store, Russell Market Square, Bangalore- 560051

Ph: 080-60660667 Email: bangalore01@janseva.in

Bangalore Branch Mr. Mohammed Arif 9243056537

C/o Amma Engineering Industries, Plot No. B-50MIDC Ambad, Nashik, Maharashtra. Pin-422010 Email : nashik01@janseva.in

11. Nashik Branch Mr. Munir Ahmed Khan 9373905562

Mr. V. Atheequr Rahman 9944398268

President: Mr. Adv. Faiz Syed Secretary:Mr. Mohd. Abbas Ansari Treasurer:Mr. Azam Ali Syed

President: Mr. Iqbal Ahmed Secretary:Mr. Imtiaz Kaji Treasurer: Mr. Mahboob Khan

BRANCHES

Shop No 21 & 22, 1st Floor, Lucky complex Beside Raguveer Talkies Old Mondha, Parbhani - 431401

Ph: 0245-2221032 Email : parbhani01@janseva.in

9. Parbhani Branch Mr. Ehtesham Siddique 9970995757

President: Mr. Afzal A. Padela Secretary: Mr. Mohd Abdul Samed Treasurer: Mr. Syed Saleem

17. # 82/324, 1st floor, Pachayappan Street Triplicane High Road Triplicane, Chennai - 600 005 Tamil Nadu Email: chennai01@janseva.in

Chennai Branch Mr.Shahul Hameed 9840228420

18. 134, 1st Floor, Malang Road, Vaniyambadi, TamilNadu PIN: 635754Ph: 0417-4229565 Email: vaniyambadi01@janseva.in

Vaniyambadi Branch Mr. V. Atheequr Rahman 9944398268

19. 34C First floor main Road Kayalpatnam Tamil Nadu Pin:628 204 Ph: 0463-9281001 Email: kayalpatnam@janseva.in

Kayalpatnam Branch Mr Seyed Abuthahir 8754834209

Gangolli- 576216 Dist. Udupi KarnatakaPh:08254-265190 Email : gangolli01@janseva.in

16. Gangolli Branch Anjuman Complex, Near Post Office, Main Road, Mr. Mohammed Ashraf 8971766411

President: Mr. S. Aahamed Meeran Secretary: Mr. Ibnu Soud Treasurer: Mr. M.H. Jiffri Kasim

President: Mr. V. Atheequr Rahman Secretary: Mrs. Fakhira Atheequr Rahman Treasurer: Mr. Riyaz Ahamd

President: Mr. Wavoo S. Cader Secretary: Mr. Mohamed Iqbal A. R. Treasurer: Mr. Sheik Dawood.S.A.K.

#178, City Plaza, M.G. Road, Udayagiri, Mysore-570019

Ph: 0821-2452223 Email: mysore01@janseva.in

1st Floor, Raj Tower Near City BusStand, Udupi - 576101

14.

15.

Mysore Branch

Udupi Branch

Mr. Raqiz

Mr.Kashim Barkur

9611066870

9900253105

Ph: 0820-4295457 Email: udupi01@janseva.in

President: Mr. Syed Zaheer Ahmed Secretary:Mr. Mohamed Aslam Treasurer: Mr. M. Noorulla Shariff

20. #4, St. Thomas Rd. (Opp. Govt. medical school) High ground Tirunelveli - 627011 Tamil Nadu Ph: 0462-2562777 Email: tirunelveli@janseva.in

Tirunelveli Branch Mr. Abdul Hameed 8870584777

President: Mr. Haniffa Mohamed Riaz Secretary: Mr. Mahaboob Jan.M Treasurer: Mr. Syed Ibrahim A.

12

BRANCHES

22.

BranchSr. no. Address Contact Person Mob.

Bhadohi Branch Near Mabood International Kazipur Road Bata Gali, Bhadohi-221401 Varanasi UP

Mr. Shadab Ansari 9795667624

Ph: 05414-224377 Email: bhadohi01@janseva.in

Ph:033-22892138 Email : kolkata01@janseva.in25. Kolkata Branch 2H/22, Radha Gobinda Saha Lane Kolkata - 700017 Mr. Jawed 9163255142

Kokan Villa, Main Road, Iqra Colony, New Sir Syed Nagar, Aligarh - 202002 Uttar PardeshPh: 0571-2401209 Email: aligarh01@janseva.in

21. Aligarh Branch Mr. Irfan Sabahi 9412671881

City Office, Karam Ganj, Behind Zila SchoolDarbhanga - 846003Ph: 0627 - 2295436 Email: darbhanga01@janseva.in

23. Darbhanga Branch Mr. Kamal Gauhar 9097852575

Opp. Railway Hospital, Lietch Road, Gaya-823001

Email: gaya@janseva.in24. Gaya Branch Mr. Tamimuddin Humble 9661679592

President: Mr. Shabbir Butt Secretary: Mr. Irfan Ahmad Sabahi Treasurer: Mr. Syed Ibrahim A.

President: Mohd. Naseem Ansari Secretary: Mr. Aseem Ansari Treasurer: Mr. Ausaf Husain

President: Dr. Hamid Hussain Treasurer: Mr. Md. Badiul Akhtar

President: Dr. Jawed Zulqarnain Secretary: Mr. Nurullah Treasurer: Mr. Anwar Hussain

President: Mr. Md Shah Alam Secretary: Mr. Mozammel Hossain Treasurer: Mr. Anwar Hussain

Hunsur - 571105 Dist. Mysore Karnataka.Ph:08222-251558 Email : hunsur-mysore01@janseva.in

28. Hunsur Branch Rafeeq Complex 1st Floor Club Road Bazaar Rd. cross Mr. Mohd. Gayas 08222-251558

No. 214, 2nd Floor, East Veli Street,

Ph: 08428346119 Email: madurai@janseva.in

No:10-11 ,Mubarak Masjith Complex, Quaid-E-Millath Street, Lallpettai, Cuddalore, 608303

26.

27.

Madurai Branch

Lalpettai Branch

Mr. Basheer

Mr. Ansar

9944378462

9003443410

Ph: 04144-268888/9003443410 Email: lalpettai@janseva.in

President: Mr. M.A Yasin Mohamed Secretary: Mr. A Kamaruz Zaman Treasurer: Mr. M.A. Mohamed Rafeek

Madurai - 625 001Opp. Old Chinthamani Theater,

President: Mr. Mohd. Gayas Secretary: Mr. Nasir Mujahid Treasurer: Mr. H.G. Altaf Pasha

Hunsur - 571105 Dist. Mysore Karnataka.Ph: 9709324557 Email : delhi@janseva.in

29. Delhi Branch E-61, A-F Enclave, Jamia Nagar, New Delhi - 110025 Mr. Tariq Ekramullah 9873239343

President: Mr. Tariq Ekramullah Secretary: Mr. Abdul Rauf Treasurer: Mrs. Naseema Khan

Rourkela - 769001. OdishaPh: 8339841515Email : rourkela@janseva.in

30. Rourkela Branch 1st Floor Razak Complex (Big Bazaar) Main Rd. Mr. Ejaz Ahmad 8339841515

President: Mr. Wasim Akhtar Secretary: Mr. Mohd. Irfan Treasurer: Mr. Ashfaque Alam

31. Nagercoil Branch 1st Floor, 2 Old Kumari Colony Vetturnimadam Nagercoil 629003 Dist. Kanyakumari Tamil Nadu Email :- nagercoil@janseva.in

Mr. Sugin 8939865709

President: Mr. M. Syed Mohamed Secretary: Mr. Abdul Lateef Uthman Treasurer: Mr. Mohamed Rafi

OUR APPROVED FINANCIAL PRODUCTS1. MEMBERSHIP

a.Diamond Club MembersMinimum 5000 Shares of Rs. 100 each

2. DEPOSIT PRODUCTS

- Amanah Current Fund (ACF)

- Amanah Saving Fund (ASF)

- Amanah Compensatory Loan Fund (ACLF)

- Mutual Help Loan Group Fund Deposit (MHLGF)

- Amanah Children Education Fund (ACE)

- Amanah Daily Fund Deposit A/c (ADF)

- Self Help Group Fund Deposit A/c (SHGF)

- Amanah Hajj Fund Deposit A/c (AHF)

a. Janseva Amanah Fund

a. Unsecured General Loan b. Secured General Loans

- Recurring Investment Fund (RIF)- Asset Based Investment Deposit- Participatory Investment Fund (PIF)- General Investment Fund (GIF)- Venture/Project based Investment Fund (VIF)

- Revolving Fund Donation Deposit (RFD)

- Security Deposit

- Soft/Borrowing loan without Interest

b. Janseva Member Investment Fund (JMIF

3. General Purpose Loan and Advance (GPLF)

- Employers guaranteed loan- Durable consumer goods loan

b.Gold Club MembersMinimum 1000 Shares of Rs. 100 each

c.Silver Club MembersMinimum 100 Shares of Rs. 100 each

- Gold ornaments guaranteed loan

- Financial paper guaranteed loan

- Asset creation loan.

4. Business Purpose loan fund (BPLF)

5. Investment Schemes on PLS

a. Personal Vehicle loan (Murabaha based )

a. Investment in Gold

b. Commercial Vehicle loan (Ijara/Murabaha based)

b. Venture Capital

c. Trade finance Loan (Murabaha based)

c. Investment in Equity Capital

d. Land and Housing (Murabaha / Ijara based)

d. Commodity Market Investmente. Infrastructural Development Projects

Making Money Moral

in the field of:- Edu. Institutions/Housing societies

- Industrial Estates/Commercial Complexes

- Agricultural Cooperatives

f. Special Purpose Schemes

6. FEE BASED FINANCIAL SERVICES

a. Promotion & Development of SHGs & JLGs

b. Money Transfers as per the need and direction

of the members

c. Facility of Micro Insurance and ID cards etc

d. Financial consultancy and intermediation

e. Other utility services.

c. Other Deposits

- Empowerment loan / benevolent loan - Personal loan- JLG loans ( SHG/SHLG)

Janseva Cooperative Credit Society Ltd.Head Office: 7/25-A, 2nd Floor, Grants Building, 17, Arthur Bunder Road, Colaba, Mumbai - 400005

Regd. Address: AICMEU, Vazir Building, 1st Floor, 179, I.R. Road, Mumbai - 400003

PH: 022-22818178 Email: janseva@janseva.in Web: www.janseva.in

Janseva Cooperative Credit Society Ltd.

d.General MembersMinimum 1 Share of Rs. 100 each

- Janseva Corpus Fund Deposits

All India Council of Muslim Economic Upliftment7-8, 1st Floor, Vazir Building, 179, I.R. Raod, Mumbai - 400003

Tel; +91-22-23478329/6497, 23744088/89, 23704087/88 Email: aicmeus@yahoo.com

JOIN AND HELP US TO MAKE THIS WORLD A BETTER PLACE FOR ALL!

For any further query contact us at:

To Unlock the Golden Door

Empowerment

By way of Interest Free BankingTehrik- e- ZakatIslamic Chamber of Commerce and Industry

Economicof