Consumers Society

Introduction

The Society, Br. Balasheb Khardekar College, Vidhaythri Sahakari Grahak Bhandar ltd, is a registered society under Maharashtra co-operative act 1960, with register number SDG/ VNL/ CON/ 602/(2005/06) 2005; with survey number and postal address of Br. Balasaheb Khardekar College, Vengurla, Sindhudurg. The benefits of the above society stand restricted only for all members, which include all college, students, teachers, and non-teaching staff.

The governing body consists of 4 student representatives, 4 teacher representatives, 3 non-teaching staff, representatives, from the registration office, and a representative from the local management committee of the institution. This committee stands valid for five years. Society is graded `A’ for the last 15 years

Aims and Objectives

The main objective of society, is to provide educational stationery and accessories of good quality at a reasonable cost.
To create a sense of co-operation, saving, self-dependence among students and make them participate in all activities of the society.
To provide free educational stationary (Journal, notebook) to economically weaker students.
To predispose, the members from buying costly educational material from the market or other sources.
To enhance cooperative moments among all members of society.

Board of Directors


Sr. No.	Member Name	Designation
1.	Mr. Surendra Tatyasaheb Chawan	Chairman
2.	Dr. Vilas Atmaram Dewoolkar	Director
3.	Dr.Vasantrao Maruti Patole	Director
4.	Mr. Sadashiv Tukaram Bhendawde	Director
5.	Mr. Ashok Madhav Sawale	Director
6.	Mrs Vedika Vijay Sawant	Director
7.	Mrs. Gayatri Govind Manjrekar	Director
8.	Miss. Neha Vijay Pawar	Director
9.	Miss. Varsha Mahesh Mestri	Director
10.	Mr. Kishan Mohan Shinde	Director
11	Mr. Hanumant Sudhir Hodawdekar	Director
12	Mr. Pravin Madhukar Desai	Secretary

Audit Report / Profit distribution

As per the Maharashtra co-operative Act, amendment 65 and 51, after the expenditures are deducted from gross profit, the future management fund amount (as per amendment 71 ) is deducted, and the rest profit amount is distributed under the following heads as per the concerned of general body advice.

Minimum 10 percent reserve fund.
Maximum 12 percent Dividend
Educational fund (Rule 53) by-laws
2 % of share capital to labhavansh Samikaran Fund.
2 % of share capital to Adhilabhavansh Samikaran Fund.
20 % of profit for social and religious work.
From remaining profit 10 percent as secretary honorarium
From remaining profit 10 percent economically backward student fund.

Profit and Loss Statements

Expenditure	Amount	Income	Amount
Printing & Stationery	525.00	Gross Profit	33808.00
General meeting expenditure	3040.00	Bank Dividend	-
Petty expense	275.00	Profit & Loss account	8000.00
Traveling expense	500.00	Bank Interest	284.00
Adjustment	6883.00	Reverse fund Interest	20,780.00
Audit fee	5000.00	Interest	200.00
Training	1500.00	Depreciation fund interest	198.00
Depreciation	383.00
		Labhavansh Samikaran interest	200.00
Total	11223.00
Total Profit	52247.00
Total	63470.00	Total	63470.00

Balance Sheet

Capital	Rupees	Assets	Rupees
Official Capital	1,00,000.00	Cash in hand	700.00
Capital	28,400.00	Cash in bank	3415.00
Reverse fund	2,64,873.00	Investment	3,20,325.00
Outstanding	11,000.00	Assets	3446.00
Profit for next year	24,113.00	Closing Stock	500.00

Total	3,28,386.00	Total	3,28,386.00

Trading Account

Expenditure	Amount	Income	Amount
Trade expense		Trade income	1,31,000.00
Opening stock	500.00	Sales
Purchases	96192.00
Travelling expense	1000.00	Closing stock	500.00
Trading expense	97692.00
Gross profit	33808.00
Total	1,31,500.00	Total	1,31,000.00