Industrialists & Professionals Co-operative Society in Kushalnagar, Kodagu

no 19722 industrialists and professionals n.w
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NO.19722 Industrialists and Professionals Multipurpose Co-operative Society Ltd. in Kushalnagar, Kodagu was established in 2004. The society's jurisdiction includes Somwarpet and Kushalnagar Taluks in Kodagu District, as well as Periyapatna Taluk in Mysore District. The society is managed by a dedicated Board of Directors and has a substantial share capital. It also maintains various funds for different purposes and handles significant deposits, ensuring the financial stability and growth of the cooperative.

  • Industrialists
  • Professionals
  • Co-operative Society
  • Kodagu
  • Kushalnagar
rayaanacharya
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  1. NO 19722 INDUSTRIALISTS AND PROFESSIONALS MULTIPURPOSE CO-OPERATIVE SOCIETY LTD., KUSHALNAGAR 571234, KODAGU. WELCOME TO DR. UMESH G THE JOINT REGISTRAR OF CO- OPERATIVE SOCIETIES, MYSORE DIVISION, MYSORE VISIT DATE: 24/05/2022

  2. SOCIETY NAME: NO 19722 INDUSTRIALISTS AND PROFESSIONALS MULTIPURPOSE CO- OPERATIVE SOCIETY LTD., KUSHALNAGAR 571234, KODAGU REGISTRATION NUMBER: 19722/2003-2004 SOCIETY OPENING DATE: 25/05/2004 PERMISSION GRANTED by: ASSISTANT REGISTRAR OF CO-OPERATIVE SOCITIES, MADIKERI DIVISION.

  3. SOCIETY JURISDICTION KODAGU DISTRICT: SOMWARPET TALUK KUSHALNAGAR TALUK 1. 2. MYSORE DISTRICT: PERIYAPATNA TALUK 1.

  4. BOARD OF DIRECTORS NAMES DESIGNATION PRESIDENT VICE PRESIDENT DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR NOMINAL DIRECTOR SRI SHARAVANA KUMAR T.R SRI SHAHIR M.M SRI SHIVAPRAKASH N E SRI JOSEPH VICTOR SOANS SRI RAMAKRISHNAIAH B SRI MAHESH K S SRI NAGENDRA R K SRI NARAYANA M V SRI AMRUTH V C SRI NAVEEN L SRI SURESH KUMAR K SRI JAGADISH SMT KAVITHA MOHAN SMT REKHA RAJASHEKAR SRI FRANCIS P W

  5. SHARECAPITALRS 3,44,74,400/- A Class 1263 members Share amount: Rs 3,41,74,000/- C Class 3004 members Share amount: Rs 3,00,400/-

  6. FUNDS RS 3,21,62,449.27/- Reserve Fund - Rs 1,31,13,364/- Building Fund - Rs 59,98,610/- Building, Site & Property Purchase Fund - Rs 82,73,486.77/- Building & Furniture Maintenance Fund - Rs 2,48,647.54/- Death Fund Rs 21,06,445/- Green Fund - Rs 4,19,940/- Sahakara Health Fund - Rs 3,06,345.50/- Common Good Fund - Rs 1,10,391/- Propaganda & Jubilee Fund - Rs 1,58,420/- Students Scholarship and Price Fund - Rs 1,47,331/- Employees Health Fund - Rs 1,54,350/- Employees Gratuity Fund - Rs 8,87,348.82/- Co-operative Training & Study Tour Fund - Rs 1,79,769.10/- MCSGSY Relief Fund - Rs 58,000.54/-

  7. DEPOSITS RS 48,38,78,418.68/- Current Account Rs 14,84,504.33/- Savings Account Rs 1,60,97,695.25/- Fixed Deposit Rs 40,98,37,249/- Pigmy Deposit Rs 2,78,17,432/- Recurring Deposit Rs 1,82,36,301.10/- Locker Deposit Rs 62,000/- Loan Borrowers Death Relief Deposit Rs 30,01,977/- Employee PF Rs 28,52,650/- Employee Security Deposit - Rs 44,88,610/- SLR Maintained - Rs 9,45,39,995/- (19.5%)

  8. LOANS & ADVANCE RS 44,84,64,606.60/- Assami Loan Rs 9,52,802/- Business Loan Rs 1,91,92,156/- Business EMI Loan Rs 12,90,37,978/- Surety Loan Rs 9,03,61,310/- Pigmy OD Rs 2,07,24,894/- Vehicle Loan Rs 34,16,608/- Education loan Rs 29,99,959/- Business OD Rs 7,11,58,790/- Housing Loan Rs 9,50,000/- MCSGSY Loan Rs 8,61,77,054.60/- Deposit Loan Rs 64,66,220/- Jewel Loan Rs 1,70,26,835/-

  9. CURRENTCHIT FUNDS RS 33,00,000/- IPMCS 15 (1) CHIT 15 (1500000X50000X30 M) IPMCS 10 (4) CHIT 16 (1000000X40000X25 M) IPMCS 5 (2) CHIT 14 (500000X20000X25 M) IPMCS 3 CHIT 13 (300000X12000X25 M)

  10. LOAN OVERDUE ASON 31/03/2022 RS 5,29,06,757/- (11.80%) LEGAL ACTION TAKEN: CASE FILED: DAWA 185, AMOUNT: Rs 4,64,17,322/- AMALJARI 78, AMOUNT: Rs 1,64,63,122/- 1. 2. CASE SETTLED: DAWA 16, AMOUNT: 39,16,201/- AMALJARI 18, AMOUNT: 25,27,709/- 1. 2. CASE REMAINING: DAWA 91, AMOUNT: 2,69,32,278/- AMALJARI 60, AMOUNT: 1,39,35,413/- 1. 2. TOTAL CASE REMAINING IN CO-OPERTIVE LEGAL COURT 151 AMOUNT: Rs 4,08,67,691/- DR COURT 13, AMOUNT: Rs 8,74,0598/- 1. LEGAL ACTION TO BE TAKEN 60, AMOUNT: Rs 1,20,39,066/-

  11. PROVISIONS: ACCRUED INTEREST Rs 2,78,90,915/- NPA Rs 1,55,14,068/- INCOME TAX Rs 78,84,820/- GST Rs 2,31,1694/- 1. 2. 3. 4. PROFIT FOR THE FY 2021-2022: Rs 1,10,16,386.46/- DIVIDEND PAID FOR THE FY 2020-2021: SHARE CAPITAL - Rs 3,30,85,000/- DIVIDEND DECLARED - 14.5% 1. 2.

  12. INVESTMENTSRs 10,87,52,827.82/- WORKING CAPITAL Rs 60,97,24,357/- MOVEABLE & IMMOVBLE ASSETS Rs 4,78,14,084.19/- CASH AT BANK AS ON 23/05/2022 Rs 96,14,521.46 /-

  13. MILESTONE LAST 10 YEARS YEAR DEPOSITS WORKING CAPITAL LOANS PROFIT RECOVERY 2012-13 4,78,36,084 6,39,95,807 8,86,27,519 15,38,592 98.50 % 2013-14 6,57,82,010 8,61,54,397 8,30,08,485 18,36,555 99.10 % 2014-15 7,43,46,937 10,43,51,887 10,30,07,034 40,04,540 98.09 % 2015-16 12,64,86,434 15,97,19,342 14,46,76,931 55,69,422 98.37 % 2016-17 14,16,24,055 23,53,43,179 19,39,63,112 42,40,076 99.76 % 2017-18 21,88,91,483 35,74,06,186 28,58,15,389 77,61,580 98.64 % 2018-19 27,35,15,551 36,62,12,228 32,43,26,061 50,05,678 89.78 % 2019-20 34,97,97,748 46,73,11,676 39,36,41,791 70,81,000 92.28 % 2020-21 42,46,62,163 52,73,24,731 42,70,01,279 75,44,755 86.11 % 2021-22 48,38,78,419 60,97,24,356 44,84,64,607 1,10,16,386 88.20 %

  14. PROGRESS OF OUR SOCIETY IN LAST 10 YEARS 70 x 10000000 60 50 40 30 RUPEES IN CRORES 20 10 0 YEARS 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 DEPOSITS WORKING CAPITAL LOANS PROFIT

  15. AWARDS & ACHIEVMENTS NATIONAL AWARD: 2016 BEST CUSTOMER ACQUISITION AWARD FROM FRONTIERS IN CO-OPERATIVE BANKING AWARDS (FCBA) 2017- BEST NPA MANAGEMENT AWARD FROM FRONTIERS IN CO-OPERATIVE BANKING AWARDS (FCBA) OTHERS: 2019 BEST MANAGEMENT AWARD FROM KDCC BANK MADIKERI

  16. THANK YOU

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