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References Chandrasekhar, B P., et al (2006), “Asset Management for Rural Roads – Need for a Policy Framework in India”, In Indian Roads Congress, Technical Paper No.528. New Delhi: IRC. Available from http://irc.org.in/ENU/knowledge/ archive/Technical Papers for IrcJournals/Asset Management of Rural Roads-Need for A Policy Framework in India.pdf. 2. Dewan, R (2012a), “Gendering PMGSY”, Power Point Presentation at the GEPD forum IV, Institute of Social Studies Trust (ISST) and Heinrich Boll Foundation (HBF), at the India Habitat Centre, 10 September 2012, PPT available with ISST Dewan, R (2012b), “Infrastructural Empowerment via Gendering Transport Through Pradhan Mantri Gram Sadak Yojana (PMGSY)”, Policy Brief for UN Women at the National Consultation, Mumbai (April 2012), Centre for Gender Economics, Department of Economics, University of Mumbai, and United Nations Women Eapen, M (2012), “PMGSY : Need for Engendering and Flexibilising Guidelines: Case of Kerala”, Power Point Presentation at the GEPD forum IV, Institute of Social Studies Trust (ISST) and Heinrich Boll Foundation (HBF), at the India Habitat Centre, 10 September 2012, PPT available with ISST Eapen, M & Mehta, A K (2012), “Gendering the Twelfth Plan: A Feminist Perspective” Economic & Political Weekly, Vol 47 no 17, pp 42-49 Kapur, A (2011), “Budget Briefs-Pradhan Mantri Gram Sadak Yojana” Accountability Initiative, Vol 3 Issue 8, February 2011, pp 1-6 Kar, K & Bongartz, P (2006), “Update on Some Recent Developments in Community-Led Total Sanitation”, Supplement to IDS Working Paper 257, IDS MoRD (2010), “Government of India Pradhan Mantri Gram Sadak Yojana, Rural Roads Project II, Environment and Social Management Framework”, National Rural Roads Development Agency, Ministry of Rural Development Nayyar G (2005), “Growth and Poverty in Rural India: An Analysis of Inter-State Differences” In Economic and Political Weekly, Vol. 40, No. 16 (Apr. 16-22, 2005), pp. 1631-1639 Planning Commission & MoRD (October 2011), “Final Report” Working Group on Rural Roads- In the 12th Five Year Plan, available at http://planningcommission.nic.in/aboutus/committee/wrkgrp12/transport/wgrep_rural.pdf Sarkar K A (2011) “Development of a Sustainable Rural Roads Maintenance System in India: Key Issues”, In Transport and Communications Bulletin for Asia and the Pacific, No. 81 Planning for accessibility and rural roads, UN ESCAP, Thailand, 2011 http://pmgsy.nic.in/ http://rural.nic.in/sites/downloads/right-information-act/03_CIC_Part_3_PMGSY_F.pdf www.aacountabilityindia.india http://accountabilityindia.academia.edu/AvaniKapur/Papers/948741/Pradhan_Mantri_Gram_Sadak_Y ojana_GOI_Budget_Briefs_2011-12 http://rural.nic.in/sites/downloads/our-schemes-glance/SalientFeatures.pdf http://pmgsy.nic.in/downloads/WorldBank/ESMF1.PDF www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 06, April-2013 Page 56
Financial Performance analysis of GOHE Co-Operatives Savings and Credit Union in Bure Woreda, Ethiopia Dr. Sambasivam Yuvaraj, Associate Professor, Department of Management, College of Business and Economics, Debre Markos University, Debre Markos, Ethiopia Mr. Biruk Ayalew Wondem, Lecturer, Department of Accounting and Finance, College of Business and Economics, Debre Markos University, Debre Markos, Ethiopia Abstract This study was conducted in Gohe Cooperatives Saving and Credit Union in Bure Woreda to analyze the financial performance by using the data set disclosed in four years annual audit reports of the financial statements and questionnaire Survey that was carried out on 132 general assembly member representatives to collect information on the saving mobilization strategies efficiencies and loan services. Participatory discussion with management boards; and in depth interview with control committee, manager, and accountant were carried out on saving mobilization and loan services of the union on how they are mobilizing members saving and delivering quality credit to members. This paper examines the financial performance on the financial health, sign of growth trends, efficiency of saving mobilization and the loan services strategies. The health check up and sign of growth trend conducted in the framework of most common financial ratios of PEARLS on the basis of available financial data concludes that ‘Gohe’ has unhealthy position on liquidity; inadequacy of capital; though healthy assets quality in delinquency non-earning assets are greater than the standard set by the WOCCU model. The efficiencies of saving mobilization & loan service, however, the union able to get good members attitude and perception on saving security, return on members saving, professional services, credit appraisal technique and loan service the union faces the problem of loan able funds, absence of technical assistance of professionals, and sometimes members were not able to pay loan repayment on the due date, limitation in providing diversified services. Key words: Asset Quality, Capital Adequacy, Financial Structure, Liquidity, Loan, Saving, sign of Growth. 1. INTRODUCTION Cooperation has been the very basis of human civilization. The inter-dependence and the mutual help among human beings have been the basis of social. It is the lesson of universal social history that man cannot live by him-self and for him-self alone. The spirit of association is essential to human progress. Since the beginning of human society individuals have found advantage in working together and helping one another; first in foraging, then in hunting later in agriculture and still in manufacture (Krishnaswami and Kulandiswamy, 2000). Cooperative is a user-owned and user controlled business that distributes benefits on the basis of use. More specifically, it is distinguished from other business three concepts or principles: first, the user owner principle. Persons who own and finance the cooperative are those that use it. Second the user-control principle. Control of the cooperative business is by those who use the cooperative. Third, the user benefits principle. Benefits of the cooperative are distributed to its user on the basis of their use (Cobia, 1998). The current government of Ethiopia has put agriculture at the heart of its policies. There is a particular emphasis on promoting adoption of fertilizer, improved seeds and the efficiency of input marketing and distribution. In order for cooperatives to meet their stated objectives they should have properties and funds. The sources of the funds are different. That is used to acquire assets and also to run the activities of the societies. Unless the properties and funds of societies are managed according to the www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 06, April-2013 Page 57
Page 2 and 3: Table of Contents Articles PERFORMA
Page 4 and 5: servicing, and the policies not mee
Page 6 and 7: The Self-Help Group members get inc
Page 8 and 9: Are female workers more productive
Page 10 and 11: For the purpose of including explan
Page 12 and 13: several different, competing logist
Page 14 and 15: Fisher, R.T. (2001), “Role stress
Page 16 and 17: A Comparative Study of NPA of State
Page 18 and 19: processes. Instead of fixing target
Page 20 and 21: Agriculture Crisis and Sustainable
Page 22 and 23: Table 1. World Cereal production ,
Page 24 and 25: Expanding biofuel production The ex
Page 26 and 27: percent of the world’s population
Page 28 and 29: OECD (Organisation for Economic Co-
Page 30 and 31: It can provide the earnings needed
Page 32 and 33: The incubator will also work toward
Page 34 and 35: factor. This is not an easy proposi
Page 36 and 37: ROLE OF LOCAL SELF GOVERNMENT IN LE
Page 38 and 39: During the last season red onion fa
Page 40 and 41: Table Mch2 Coef. Std. Err Z P>/Z/ A
Page 42 and 43: lack of capital. The local farmer o
Page 44 and 45: It may be seen that alleviation of
Page 46 and 47: Table - 2 Progress under Bharat Nir
Page 50 and 51: existing cooperative legislation, r
Page 52 and 53: 1.3 THE RESEARCH QUESTIONS 1. What
Page 54 and 55: Table 2: Earnings and Cost Allocati
Page 56 and 57: have an adequate amount of capital
Page 58 and 59: programs and the union was doing on
Page 60 and 61: total assets to other key areas, it
Page 62 and 63: esponded by (7.6%) of the members.
Page 64 and 65: management; Gohe cooperatives savin
Page 66 and 67: Significance of asset quality of St
Page 68 and 69: iii) iv) Doubtful Assets:- a) Doubt
Page 70 and 71: atios and solvency ratios are taken
Page 72 and 73: Ratio of around 3% during 2007-08,
Page 74 and 75: sufficient to draw an inference in
Page 76 and 77: The observed R 2 and F statistics m
Page 78 and 79: Board Composition, Ownership Struct
Page 80 and 81: size as well. During our study it w
Page 82 and 83: standards prevailing in the country
Page 84 and 85: The procedure produces two tests of
Page 86 and 87: hoc test for pair wise comparisons
Page 88 and 89: e said that the board size affects
Page 90 and 91: high-tech small and medium-sized en
Page 92 and 93: Table no.8 - Multiple Comparisons T
Page 94 and 95: Abstract Corporate Social Responsib
Page 96 and 97: the participation of various level
Page 98 and 99:
Supplier Relations As stakeholders
Page 100 and 101:
CSR initiatives of companies should
Page 102 and 103:
Corporate Social Responsibility Pra
Page 104 and 105:
2011, this district received surplu
Page 106 and 107:
In the case of marginal farmers and
Page 108 and 109:
Findings From the above analysis it
Page 110 and 111:
2. Innovation: Meaning and Dimensio
Page 112 and 113:
data appropriately. Inferences were
Page 114 and 115:
The regression analyses as shown in
Page 116 and 117:
Role of Self-help Group in Socio-ec
Page 118 and 119:
10% for women and men respectively
Page 120 and 121:
MoRD has been constantly reviewing
Page 122 and 123:
76.6% units were found to be existi
Page 124 and 125:
10.Timely release of adequate loans
Page 126 and 127:
Standard of living of Rural Fisher
Page 128 and 129:
Table 1 denotes the infrastructure
Page 130 and 131:
FISHING METHODS USED BY DIFFERENT A
Page 132 and 133:
CONCLUSION Most of the fisher folk
Page 134 and 135:
Objectives: The following objective
Page 136 and 137:
Policies of the Government will hav
Page 138 and 139:
Wastage Schedule (Onion) Sl.No. Pri
Page 140 and 141:
At the end of 2008 the entire world
Page 142:
Conclusion: 9. The inflation can be
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