CHAPTER 2 COMPANY PROFILE Introduction of the Surat Dis. Co-Operative Bank Ltd: th
In the year 1909 on 17 June with the strenuous efforts of late Shri B.A.MODI & Shri K.G.DESAI society viz, ³the 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 ³THE 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 T aluka 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 Producer¶s Co-operative Union Ltd. The Purushottom Farmers Co-operative. Ginning and pressing soc iety 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 t hem. 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 ³Kaka 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 ³Madhi Vibhag Khand Udhyog Sahakari Mandali ltd´ and also enjoying key position in different co-operative societies soc ieties functioning in various fields. Board has formed committees for loans, staff matters, legal matters and new construction etc... Also power has been de legated 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 educat ion etc.
Organization Structure of the bank: -
MANAGING DIRECTOR
GENERAL MANAGER
ASSISTANT
ASSISTANT
ASSISTANT
ASSISTANT
GENERAL
GENERAL
GENERAL
GENERAL
MANAGER
MANAGER
MANAGER
MANAGER
MANAGER
ASSISTANT
CLERK
MANAGER
ASSISTANT
CLERK
MANAGER
ASSISTANT
CLERK
MANAGER
ASSISTANT
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 co nduct of their business. 3) To do hundi business -
To lends money on security to its members.
-
With the previous permission of the registrar, reg istrar, to purchase any property for the business o f or for the use of the bank, to construct it and / or to make suitable alternatives as may be necessary and to maintain maintain the same. sa me.
-
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 o r 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 t he 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 o f members.
BOARD OF DIRECTORS OF SURAT DIS. CO-OPERATIVE BANK LTD.
Sr. no
Board of directors
1
Shri Dilipbhai B Bhakta
2
Shri Amarshinh J Chaudhari
3
Shri Bhagabhai P Patel
4
Shri Maganbhai R Patel
5
Shri Narayanbhai H Doanwala
6
Shri Haribhai L Patel
7
Shri Ramanbhai A Patel
8
Shri Shradhbhai S Patel
9
Shri Narendrabhai D Solanki
10
Shri Maganbhai B Vasava
11
Shri Jayshigh D Vasava
12
Shri Kiritbhai R Desai
13
Shri Pravinchandra C. Parekh
14
Shri Parbhubhau N Vasava
15
Mrs. Dr. Vikasben K Desai
16
Shri Chhotubahi L Patel
17
Shri Nayanbhai N Bhartiya
18
Shri Leelachand V. Patel
19
Shri Sureshbhai J Patel
20
Shri Ajaybhai J Shah
21
Shri Pradipshigh G Atodaria
Staff details of Surat Dis. Co-operative Bank Ltd. Designation
Total staff members
Manager
137
Clerk/cashier/inspector/go. Manager
246
Peon/Driver etc.
103
Branches:-
Bank¶s registered office is at the J. P. Road, near the Athwagate. Bank¶s 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) T api) district and bank thinking for start 6 new branches in two year. BRANCH LOCATOR
SR. NO.
BRANCH NAME / ADDRESS
1
MAIN KANPITH, DIST. SURAT Locker Available
Opening Date
BRANCH SURAT 17/06/1909 ±395 003
Telephone Number
0261-2597730, 2597738 2594739
2
BARDOLI CITY TAL. DIST. SURAT Locker Available
BRANCH BARDOLI, 09/03/30 ±394 160
3
MANDVI TAL. DIST. SURAT Locker Available
BRANCH MANDVI 25/03/44 ±394 160
4
MADHI BRANCH, MADHI. TAL.BARDOLI 02/06/46 DIST. SURAT394 340 Locker Available
02622 - 242050
5
OLPADBRANCH TAL. DIST. SURATLocker Available
02621 - 222039
6
VYARA TAL.VYARA DIST. SURATLocker Available
7
KOSAMBA BRANCH, TAL. DIST. SURATLocker Available
8
SONGADH BRANCH TAL. SONGADH 25/02/51 DIST. SURAT-394 670 Locker Available
02624 - 222047
9
MAHUVA TAL. DIST. SURAT-394 Locker Available
02625 - 255724
OLPAD 20/08/48 394 540
02622 - 220030
02623 - 221038
BRANCH 394
650
16/07/50
KOSAMBA. MANGROL 23/07/50 694 120
BRANCH MAHUVA 21/04/59 250
02626 - 220047
02629 - 231254
10
NIZER TAL. DIST. SURAT-394 Locker Available
BRANCH
11
KATHOR BRANCH, TAL. DIST. SURAT-394 Locker Available
12
BARDOLI STATION BR. TAL. BARDOLI 15/04/62 DIST. SURAT-394 602 Locker Available
02622 - 225143
13
SURAT STATION BR., SURAT. TAL. CHORYASI 30/06/63 DIST. SURAT-395 003 Locker Available
0261-2427853
14
VALOD TAL. DIST. SURAT-394 Locker Available
02625 - 222039
15
UCHHAL TAL. DIST. SURATLocker Available
16
CHALTHAN BRANCH, CHALTHAN. TAL. PALSANA 09/09/67 DIST. SURAT394 305 Locker Available
02622 - 281080
17
MANGROL TAL. DIST. SURAT- 394 410
02629 - 220253
NIZER 01/07/60 370
KATHOR. KAMRAJ 06/11/61 150
BRANCH VALOD 17/05/64 640
BRANCH UCHHAL 06/06/65 394 375
BRANCH MANGROL 04/11/67
02628 - 244227
02624 - 256229
02628 - 231101
18
KADOD BRANCH, KADOD. TAL. BARDOLI 22/02/69 DIST. SURAT394 335 Locker Available
02622 - 246237
19
KIM BRANCH, TAL. DIST. SURAT ± Locker Available
02621 - 238393
20
ANAVAL BRANCH, ANAVAL. TAL.MAHUVA 14/03/70 DIST. SURAT396 510 Locker Available
02625 - 252221
21
SARDARMARKET BRANCH, SURAT. 02/08/70 DIST. SURAT ± 395 003
0261-2439039
22
KARCHELIYA KARCHELIYA. TAL. DIST. SURAT- 394 240
12/09/70
02625 - 256828
23
SAYAN BRANCH, SAYAN. TAL.OLPAD 08/05/71 DIST. SURAT394 130 Locker Available
02621 - 242134
BRANCH
24
CHOWK BZ. SURAT. DIST. SURAT- 395 003
0261-2599070
25
BUHARI BRANCH, TAL. DIST. SURAT- 394 630
BUHARI. VALOD 27/11/72
26
SAGRAMPURA SURAT. DIST. SURAT-
KIM. OLPAD 12/04/69 394 110
BARNCH, MAHUVA
14/06/71
BRANCH, 395
002
26/01/73
02625 - 244251
0261-2330598
Locker Available
27
VARAD BRANCH, TAL. DIST. SURAT- 394 355
VARAD. BARDOLI 05/05/73
28
DOLVAN CHAR RASTA BRANCH. TAL. VYARA 18/06/73 DIST. SURAT- 394 635
02626 - 251221
29
KAMREJ CHAR RASTA. BR. TAL. KAMREJ 26/04/74 DIST. SURAT- 394 185
02621 - 252085
30
RANDER BRANCH, SURAT. DIST. SURAT 395 005 02/05/76 Locker Available
0261-2764374
31
KUKARMUNDA TAL. DIST. SURAT ± 394 380
BRANCH NIZER 30/05/76
02628 - 223130
32
GANGADHARA TAL. DIST. SURAT- 394 310
BRANCH PALSANA 15/06/76
02622 - 263224
33
NANAPURA BRANCH, DIST. SURAT- 395 001
SURAT. 22/08/76
0261-2470409
34
KATARGAM BRANCH, SURAT. DIST. SURAT395 004 03/09/79 Locker Available
0261-2482268
35
BHAMANIYA TAL. DIST. SURAT- 394 246
02625 - 256849
36
PATEL NAGAR BRANCH, SURAT. 24/11/82 DIST. SURAT395 004
BRANCH MAHUVA 05/04/81
02622 - 255339
0261-2530859
Locker Available
37
NAVYUG DIST. SURAT Locker Available
BRANCH, ± 395
SURAT. 009 07/06/84
38
HARIPURA BRANCH, DIST. SURAT ± 395 003
39
BHATAR BRANCH, DIST. SURAT ± Locker Available
SURAT. 395 001 21/0285
0261-2241108
40
AMROLI BRANCH, DIST. SURAT ± Locker Available
SURAT. 394 107 22/02/85
0261-2499835
41
GHOD-DOD BRANCH, SURAT. DIST. SURAT ± 395 001 10/02/86 Locker Available
0261-2653477
42
PALSANA TAL. DIST. SURATLocker Available
02622 - 264243
43
PALGAM BRANCH, DIST. SURAT- 391 045
SURAT.
12/10/86
0261-2840380
44
PIPLOD BRANCH, DIST. SURAT395 Locker Available
SURAT 007 04/12/86
0261-2227328
45
BAJIPURA BRANCH, BAJIPURA. TAL. VALOD 08/12/86 DIST. SURAT394 690 Locker Available
02625 - 233253
46
MORTHANA BRANCH, MORTHANA. 18/12/86 TAL. KAMRAJ
02621 - 247148
SURAT.
08/09/84
BRANCH PALSANA 25/02/86 394 315
0261-2784303
0261-2423472
DIST. SURAT- 394 325
47
VALVADA BRANCH, TAL. DIST. SURAT- 394 248
VALVADA. MAHUVA 19/05/87
48
BHAUDHAN BRANCH, BHAUDHAN. TAL. MANDVI 20/06/87 DIST. SURAT- 394 140
02623 - 251251
49
SARBHON BRANCH, TAL. DIST. SURAT- 394 350
02622 - 253514
50
KIM CHAR RASTA BR. TAL. OLPAD 12/08/91 DIST. SURAT- 394 111
02621 - 234032
51
VAV BRANCH, VAV. TAL. KAMRAJ 12/08/91 DIST. SURAT394 326 Locker Available
02621 - 251025
52
J.P.ROAD BRANCH, DIST. SURAT- 395 001
SURAT.
11/12/91
0261-2470258
53
VED ROAD BRANCH, DIST. SURAT- 395 004
SURAT.
16/10/93
0261-2513998
54
SACHIN BRANCH, SURAT. DIST. SURAT394 221 30/03/96 Locker Available
0261-2391846
55
UKAI BRANCH, TAL. DIST. SURAT- 394 680
02624 - 233701
56
UMARPADA TAL.
SARBHON. BARDOLI 06/01/88
UKAI. SONGADH 07/07/97
BRANCH 28/11/01 UMARPADA
02625 - 251249
02629 - 253615
DIST. SURAT- 394 370
57
RUMKITALAV TAL. DIST. SURAT
BRANCH NIZER 06/12/01
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
&
Deposits
Advances
Profits
Dividends
1997-98
5641.49
70787.16
29301.44
375.00
15%
1998-99
6113.07
86035.83
23666.51
161.76
15%
1999-00
6528.11
91513.49
25889.64
210.09
15%
2000-01
6934.59
99824.76
35388.69
386.38
15%
2001-02
7654.09
110574.59
46008.14
425.54
15%
2002-03
8233.94
113999.72
39434.34
451.39
15%
2003-04
9616.36
120979.51
36868.87
471.15
15%
2004-05
10084.04
111604.22
24592.07
305.00
15%
2005-06
10434.40
129343.18
22346.28
246.00
15%
2006-07
10940.52
120340.60
35005.31
293.00
15%
2007-08
12257.00
151929.97
73007.29
555.00
15%
2008-09
14984.00
174318.79
56689.93
700.00
15%
2009-10
237854.43
50282.66
775.00
15%
20010-11
213704.05
51002.38
825.00
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)
