adarsh credit cooperative society

ADARSH CREDIT COOPERATIVE SOCIETY

Biggest Multistate Credit Co-operative Society. ; Operating in 21 Indian states & 1 Union Territory : Rajasthan,Madhya Pradesh,Gujrat,Maharashtra,Punjab,Chhattisgarh, Delhi,Karnataka,Jammu & Kashmir,Haryana,Himachal Pradesh,Andhra Pradesh,Tamil Nadu,West Bengal,Uttar Pradesh,GOA,Orissa,Uttrakhand,Bihar,Jharkhand,Kerala,ChandiGarh.

Upto:31/Jan/2012Deposit:Rs.1369.36 CroreLoan:Rs.1549.87 CroreNo. of A/C's612402Members:377727Branches:273

ABOUT ADARSH

Our Profile

Management ProfileChairman : Sh. Kamlesh ChoudharyManaging Director : Miss Priyanka Modi

Adarsh Credit Co-Operative Society Ltd., was founded on 18th Jan. 1999 in a remote district of western Rajasthan, that is Sirohi better and fondly known as Devnagari of Rajasthan. The primary objective being uplifting of the social and financial status of its members by inculcating saving habits amongst them through the spirit of Co-Operation, and providing technical and financial support.

The society was initially registered with the Registrar Co-Operative Society, Rajasthan and its area of operation was confined to a few districts of Rajasthan. It had started its business with an initial capital of Rs. 2,00,000, around one hundred members and only one branch at sirohi.

The Principal function of the society is to render financial services to its members and to reach the nook and corner of the country through branch expansion where Financial facilities have not reached.

The masses of Rajasthan, responded favorably to the endeavor of the founders of society,reposed their faith and confidence in the functioning of the organization which naturally prompted management to extend its reach through a large network from a single branch in 1999 to 2007. 29th feb 2008 would go down in the annals of the society as a “Red Letter Day” because society was granted the status of multistate co-operative society by govt. of India, Ministry of Agriculture and we got the permission to serve the

members in the state of Madhya Predesh.Feb 2009 once again added yet another feather in our cap, when the society was granted the permission to enter the states of Gujarat,Chattisgarh, Punjab and Maharashtra. Since then we have never looked back. We are marching ahead and have created a few financial services lamp posts in Gujarat ,made our presence felt in Madhya Pradesh and symbolic presence in Punjab with a branch at “Abohar”. Despite good presence in urban areas where Adarsh is gradually becoming a house hold name, we have inconsonance with the principal objective , consciously decided to remain rural oriented. There is a large network of not only branches but strong field staff too. At present we are authorized to render financial services to our members in following states: Rajasthan, Madhya Pradesh, Gujarat, Maharashtra, Punjab, Chhattisgarh, Delhi, Karnataka, Jammu & Kashmir, Haryana, Himachal Pradesh, Andhra Pradesh, Tamil Nadu, West Bengal, Uttar Pradesh

Social ResponsibilityRight from the day one, we have realized that no organization can flourish without meeting its social obligation and as a part of philosophy our society has been treading a path of corporate social responsibility. From time to time,we have designed special schemes for women or say “Bitiyas” which we always find very close to our heart. The response to the scheme was tremendous. Credit goes to our field staff who did a YEOMEN’s job. IKUDOS!Our society has also donated sum of Rs. 5 lacs to a Blind Relief society and also to technical institutes of repute so that it could permit students from down trodden section of the society to learn computers.Senior citizens are normally treated by the people as forlorn but we are ever conscious and with all sense of humility welcome them to “Adarsh Pariwar”. Not only we offer a rate 1% higher than the usual rate of interest but also decided to bring out scheme for all our old/loyal members offering them a bonus of 50% under special scheme branded as “Adarsh Loyalty Bond”. We have also extended support for physically challenged persons by providing wheeled chairs. We are extremely humble to record that the society is providing wherewithal to two institutions in tribal belt of Rajasthan taking care of entire needs of children including the hostel facilities ,book bank and other miscellaneous needs. Society offers free Accidental Death Insurance of Rs. 50,000 for every account holder (maximum 2 accounts are covered with total not exceeding Rs. 1,00,000). All our employees/ and members of marketing team are also covered under Accidental Death Insurance.

You are Special :- (Enjoy Higher Rate of Interest) We pay one percent higher Rate of Interest to depositors of following categories:- Person (50 years and above), Ladies, Physically Challenged persons, Retired Personnel, Members of Armed Forces, Retired Defence personnel, Employees of State & Central Government, All Employees of Finance Sector, Employees of any Insurance Companies or Co-Operative establishment, & Local Bodies, Trust or Single deposit of Rs. 5.00 Lacs and above.

Employees of Adarsh Credit Co-Operative Society, Advisors, members of Multi-level Marketing team and their family members (Parents, Spouse and children) are also eligible for the higher Rate of Interest.

Awards

Adarsh Credit Co-Operative Society has played a pivotal role in sending the message of Co-Operation and welfare of its members. The impressive growth registered by the Adarsh Credit Co-Operative Society in terms of deposits, extending credit facilities to the different segments of membership, providing Financial facilities through the width and breadth of the hinter land of Rajasthan did not go unnoticed.

Continuity Plan

During the last General Board Meeting, our society expressed the hope that our network would reach 225 branches but because of some constraints this has not been possible. We have set the ball in train to achieve a challenging target of taking our branch network to 300 in next 6 months. As a part of future strategy, we have already entered into an agreement with one of the top technical houses in this country to enable us to render online financial services to our members. By the end of March 2012, we shall definitely reach a branch network of 600, but the society proposes to launch its own ATM or enter into ATM sharing arrangement with some bank to provide ATM services to our members in the near future. The process of providing insurance services to our members is already in hand and it is possible that we may clinch the issue shortly. The year 2010-11 could be a celebration time despite hickups.Team ‘Adarsh’ is geared to take a plunge

STRENGTH

A Unique Business Family owned by our Members including: Advisors, Employees and Customers.

SCHEMES

Fixed Deposit SchemeInterest Rates effective from 1st Feb,2012We offer different periodicities for deposits ranging between 3 months to 5 years with undoubtedly attractive rate of Interest. Just have a look at the Rate of Interest offered by the society.

Period Rate Of Interest(in %) Sp. Rate Of Interest**(in %)3 months 7.00 8.006 months 9.00 10.009 months 10.00 11.0012 months 12.00 13.0024 months 12.00 13.00

36 months 12.50 13.5048 months 12.50 13.5060 months 13.00 14.00

**Persons who are 50 years and above, Ladies, Physically Challenged persons, Retired Persons, Members of Armed Forces, Retired Defence personnel, Employees of State & Central Government, All Employees of Financial Sector, Insurance Companies or Employees of any Co-Operative establishment, Local Bodies, Trusts, AOP , Adarsh Credit Co-operative Society Ltd. regular member (Minimum 1 share holder)or Single deposit of Rs. 5.00 Lacs and above.

Recurring Deposit Scheme(R.D)Interest Rates effective from 1st Feb,2012

(For investment of Rs.100 per month )

Period Rate Of Interest (in %) Maturity Amount (in `)12 months 9.50 Rs.1,262.0024 months 10.50 Rs.2,670.0060 months 11.50 Rs.8018.0072 months 12.50 Rs.10530.00

Daily Deposit Scheme(DDS)*Interest Rates effective from 1st Feb,2012

(Min. amount Rs.10 or multiple of Rs.5 )

Period Rate Of Interest (in %)12 months 6.0024 months 8.00

*Interest is basis on daily products.

Adarsh SchemesInterest Rates effective from 1st Feb,2012

Scheme Name Period Min.Amount(In multiple of) Maturity Amount

Adarsh Triple 108 Months Rs.1000 or multiple of Rs.100 TripleAdarsh Bachat Patra 66 Months Rs.1000 or multiple of Rs.100 DoubledBitiya Samridhi Yojana 72 Months Rs.1000or multiple of Rs.100 Two & Half Times

Regular income scheme- Monthly income schemeOrdinary Rate Of Interest

Period Rate of interest(In %) To get monthly income of Rs.100 you invest Monthly Income On Rs.10,000 Invested by you1 to 24 months 11.50 Rs.10435 Rs.95.8336 to 48 months 12.00 Rs.10000 Rs.100.0060 to 72 months 12.50 Rs.9600 Rs.104.17

Sp.Rate Of Interest**

Period Sp.Rate of interest(In %)To get monthly income of Rs.100 you invest Rs. Monthly Income On Rs. 10,000 Invested by you1 to 24 months 12.50 Rs.9600 Rs.104.1736 to 48 months 13.00 Rs.9231 Rs.108.3360 to 72 months 13.50 Rs.8889 Rs.112.50

Note: Periodical interest will be paid in nearest rupees.


Quaterly Income Scheme(QID)Interest Rates effective from 1st August,2011

(For every investment of Rs. 10,000)(Ordinary Rate of Interest)

Period Rate Of Interest (in %) Quaterly Income On Rs.10,000 Invested by you1 to 24 months 11.50 Rs.275.8736 to 48 months 11.75 Rs.281.6360 to 72 months 12.00 Rs.287.37

(For every investment of Rs. 10,000)(Special Rate of Interest)**

Period Sp.Rate Of Interest**(in %) Quaterly Income On Rs. 10,000 Invested by you1 to 24 months 12.50 Rs.298.8436 to 48 months 12.75 Rs.304.5560 to 72 months 13.00 Rs.310.26



Half Yearly Income Scheme(HID)Interest Rates effective from 1st Feb,2012


Period Rate Of Interest(in %) Half Yearly Income On Rs. 10,000 Invested by you1 to 24 months 11.50 Rs.559.3636 to 48 months 11.75 Rs.571.1960 to 72 months 12.00 Rs.583.01


Period Sp.Rate Of Interest**(in %) Half Yearly Income On Rs. 10,000 Invested by you1 to 24 months 12.50 Rs.606.6036 to 48 months 12.75 Rs.618.3860 to 72 months 13.00 Rs.630.15


**Persons who are 50 years and above, Ladies, Physically Challenged persons, Retired Persons, Members of Armed Forces, Retired Defence personnel, Employees of State & Central Government, All Employees of Financial Sector, Insurance Companies or Employees of any Co-Operative establishment, Local Bodies, Trusts, AOP , Adarsh Credit Co-operative Society Ltd. regular member (Minimum 1 share holder)or Single deposit of Rs. 5.00 Lacs and above

Yearly Income Scheme(YID)Interest Rates effective from 1st August,2011


Period Rate Of Interest(in %) Yearly Income On Rs. 10,000 Invested by you12 to 24 months 11.50 Rs.115036 to 48 months 11.75 Rs.117560 to 72 months 12.00 Rs.1200


Period Sp.Rate Of Interest**(in %) Yearly Income On Rs. 10,000 Invested by you12 to 24 months 12.50 Rs.125036 to 48 months 12.75 Rs.127560 to 72 months 13.00 Rs.1300


**Persons who are 50 years and above, Ladies, Physically Challenged persons, Retired Persons, Members of Armed Forces, Retired Defence personnel, Employees of State & Central Government, All Employees of Financial Sector, Insurance Companies or Employees of any Co-Operative establishment, Local Bodies, Trusts, AOP , Adarsh Credit Co-operative Society Ltd. regular member (Minimum 1 share holder)or Single deposit of Rs. 5.00 Lacs and above

MEMBERSHIP

When you become a member of Adarsh Credit Co-operative Society, you are allotted one share of Rs. 10 only. But this gives you a right to participate in the management process of the organization through the A.G.M. You can otherwise also post your suggestion for improving the functioning of the society. Our society functions like a well oiled machine and we understand each other so well that we have spontaneously started treating our members as part of “Adarsh Pariwar”. Because of the avowed objective of this initiative when we committed our selves to ensure welfare of our membership through financial support we are improving the standards of life and rendering all possible technology driven financial services under one roof.

Who Can be a member of the Society ?

Any person who has attained the age of 18 years, is capable of entering a valid contract, member of Hindu Undivided Family Business, a company registered under Companies Act, a Partnership Firm, a Limited Liability Partnership firm, any Trust, Institutions, residents of Rajasthan, Madhya Pradesh, Gujarat, Maharashtra, Punjab, Chhattisgarh, Delhi, Karnataka, Jammu & Kashmir, Haryana, Himachal Pradesh, Andhra Pradesh, Tamil Nadu, West Bengal, Uttar Pradesh or persons employed in these states or professionals with their business establishment in these states can become a member of the society.

How can one Join the Society ?It is very easy you have to just deposit a sum of Rs. 11 and fill up a membership form which is available at all our branches, franchisee and field staff. We can assure you that our field staff is truly co-operative but yes you have to deposit an initial sum of ` 11 only for getting enroll as a member.Rs. 1 will go to the membership fee while you will be allotted one share of Rs. 10. No doubt you can apply for more than one share which will be allotted to you as per the discretion of the society.

ADVISOR

Want to Join Team Adarsh ?Are you fond of meeting new people , believe in maintaining warm relationship? Are you ready to accept challenges and believe in hard work and sincere efforts? Do you have a flair for marketing, are you capable of carving out a niche for yourself? Are you keen to travel through the breadth and width of various cultures and meeting cross section of the strata?If yes We are keen to meet you. You can mail us at: [email protected] .

FINANCIAL POSITION on 31st jan 2012

FINANCIAL STRENGTH

Progress Charts (* Unaudited)1. Chart Of Working Capital

2. Chart Of Share Capital & Reserve Fund

3. Chart Of Deposit

4. Chart Of Loan & Advances

5. Chart Of Net Profit

6. Chart Of Members

BALANCE SHEETS

2007

2009

2010

2011 (unaudited)

CONTACT DETAILS

CENTRAL OFFICE

295, Adarsh Tower,Sector -11 Hiran Magri,Udaipur - 313002 (Raj.)Phone No - 0294 - 2484085,2483281

CORPORATE OFFICE

253, Adarsh Tower II,Sector -11 Hiran Magri, Udaipur - 313002 (Raj.) Phone No - 0294-2482158,2482154

HEAD OFFICE Opp.Brahamkumari Ashram,Palace Road,Sirohi- 307001 (Raj.)Phone No - 02972 – 224244

ZONAL OFFICE Z.O HyderabadOffice No. 305,III FloorMeridian Plaza,D No. 6-3-853/1,AmeerpetHyderabad - 500016 (A.P)Phone No - 040 – 23407527

REGIONAL OFFICE R.O Ahmedabad205,Chanakya Complex,Near Torrant House , Income Tax,AhmedabadPhone No - 076 - 26582576

R.O Chennai1st Floor,No.28,Vaithinatha Mundali Street, Sowcarpet,Chennai-600001Phone No - 044 - 25222527

R.O Himachal PradeshSCF 7,3rd Floor,Near Laxmi Narayan Mandir, Sanjauli,Shimla(HP)-171006Phone No - 0177-2844993

R.O JaloreNear Arvind Agency,Hospital Road,JalorePhone No - 0297 - 3223200

R.O Jammu & Kashmir107,A-1,1st Floor, North Block,Bahu PlazaJammu, (Jammu & Kashmir)Phone No - 0191 - 2479673

R.O Jodhpur112,First PoloPaota,Ship House,Jodhpur - 342006(Raj.)Phone No - 0291 - 2540838

R.O PaliMeera Marg,Gandhi Murti Circle,Above Ghumar,4th FloorPali(Raj.)Phone No - 0293 - 2250101

R.O SirohiOpp.Brahamkumari Ashram,Palace Road,Sirohi- 307001 (Raj.)Phone No - 02972 – 224244

CUSTOMER CARE

09414132222, [email protected]

adarsh credit cooperative society

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