Docslide - Net Project Report On Verka Milk Plant Working Capital - Doc
Docslide - Net Project Report On Verka Milk Plant Working Capital - Doc
Docslide - Net Project Report On Verka Milk Plant Working Capital - Doc
ON
COMPARATIVE BALANCE SHEET OF VERKA MILK PLANT
Submitted by
ANKUSH DATTA
(Reg. No. - 90752234933)
A DISSERTATION SUBMITTED IN PARTIAL FULFILLMENT FOR THE AWARD
OF THE DEGREE
Of
MASTER OF BUSINESS ADMINISTRATION
under the guidence of
lect. NEELKASHI
Submitted to
PUNEET SHARMA
SRI SAI INSTITUTE OF ENGINEERING & TECHNOLOGY
CONTENTS
* Declaration
* Certificate from the plant
* Preface
* Acknowledgement
DECLARATION
Ankush datta
Roll No: -90752234933
Date: 15th June 2010
CERTIFICATE
This is to certify that this dissertation entitled COMPARATIVE
BALANCE SHEET is the result of the research work carried out by
ANKUSH DATTA in verka milk plant ,gurdaspur.
SIGNATURE
HEAD OF DEPARTMENT
PREFACE
PREFACE
Education is not filling of pail, but the lighting of a fire.
Training is the ability to listen to almost anything without losing your
temper or your self confidence.
Practical training imbibes an integral part of management studies. One
cannot merely upon the theoretical knowledge. It is to be coupled with
practical for it to be a fruitful classroom lectures make the fundamental
concept of management clear. They also facilitate the learning of
practical things. However class lectures must be correlated with
practical in the company has a significant role to play in the subject in
business management. To develop management and administrative
skill in future managers have to enhance their analytical skills, it is
necessary that they combine their classroom learning with the
knowledge of real business environment.
After liberalization myself Indian economy scene I really a buzz with
activity. Lots and lots of multinational companies are coming in with
their technical expertise and proven management concepts. Industrial
activity in Indian has become a thing to watch and I really wanted to
be of it and it was essential for me being a management student.
For this reason SRI SAI COLLEGE OF ENGINEERING AND TECHNOLOGY
BADHANI designed a scheme under which student of Master of
Business Administration go for Summer Training between second and
third semester.
During this period, I have written a report about knowledge,
experienced I gained, and findings I made in course of the training.
This report has been written in simple language specifying the
organizational set up and management procedure of Verka Milk Plant,
Gurdaspur and along the comparative balance sheet of the Milk Plant.
AKNOWLEDGEMENT
ACKNOWLEDGMENT
Last but not the least I thank my parents, friends and kith and kins for
their support during my research work, as without their cooperation
I would not have been able to do any research so efficiently and
effectively.
DEPARTMENT OF MANAGEMENT
S.S.C.E.T.COLLEGE OF BADHANI, PATHANKOT
(SESSION2009-2011)
INDEX:S.No
1
Chapter
Introduction of the project
Objective
Need,
Page no.
11-16
Scope
&
Methodology
Industry Profile
Dairy Industry in India
Leading Brands
Lead Players
Dairy Whiteners
Major Players
17-33
Company Profile
- History
- Location
- Capacity of Plant
34-41
Punjabs Pride :
-
Milk
Ghee
Lassi
Panjiri
Kheer
42-47
Khoa
Quality Policy
48-50
Quality
6
7
Engineering
Organizational Chart.
Human Resource Development
SWOT Analysis
Strength
10
51-54
55-56
Weakness
Opportunities
57-59
- Threats
Profit & Loss Account
Manufacturing , Trading,
Profit & Loss Account of 2009
2010
Balance Sheet of 2008-09 and
2009-10
10
60-62
63-65
11
12
13
14
15
16
11
66-68
69-75
76-77
78-79
80-82
CHAPTER 1
INTRODUCTION
12
between
different
time
periods.
Most
businesses
use
13
possible. If the business did better three years ago, they can look at
that data and try to decide what it was that made them do so well that
year. Then they can change what they are doing in the present to help
boost current profits.
Benefits
The main benefit of a comparative balance sheet is that profits and
losses can be seen at a glance. It is also possible to see the increase or
decrease of assets that the business has. The company will be able to
tell what the biggest money suckers in the business are, and try to
think of ways to cut down losses in that area.
Significance
Without a comparative balance sheet, businesses would not know how
to change their strategy from year to year. All they would have to go
on would their current balance statements. This would be detrimental
to most businesses. It is very important to be able to look at past profit
information to judge how to act for the future.
Expert Insight
Most businesses and companies use comparative balance sheets. It
would be a very poor business decision not to use them. A lot of times
these comparative balance sheets are used when proposing new
additions or changes to a business. The company can go back as many
as 10 or 20 years to identify trends, and to judge if a new project is
right for the company. Comparative balance sheets are a necessity in
the business world.
14
RESEARCH METHODOLOGY
15
RESEARCH METHODOLOGY
Research refers to a search for knowledge. This research defines the
problems of retailers and perception of citizens. Research comprises
defining and redefining problems, formulating hypothesis or suggested
solutions;
collecting,
organizing
and
evaluating
data;
making
presents
the research
design,
sampling
procedure,
tools
of
predictions,
with
narration
of
facts
and
characteristics
16
COLLECTION OF DATA
Data is obtained from important source:
Secondary data
Secondary Data
The sources of secondary data are:1.
2.
3.
4.
Corporative magazines
Manuals of various companies
Various publications
Books, magazines of particular clubs and newspapers
17
Chapter 2
Company Profile
18
INDUSTRY PROFILE
Dairy Industry in India :India has the highest livestock population in the world with 50%
of the buffaloes and 20% of the worlds cattle population, most of
which are milch cows and milch buffaloes. Indias dairy industry is
considered as one of the most successful development programmes in
the
post-Independence
period.
Gokul
(Kolhapur).
19
milk surplus States. Exports of dairy products have been growing at the
rate of 25% per annum in the terms of quantity terms and 28% in
terms of value since 2001. Significant investment opportunities exist
for the manufacturing of value-added milk products like milk powder,
packaged milk, butter, ghee, cheese and ready-to-drink milk products.
India has emerged as the largest milk producing country in the
world with present level of annual milk production estimated as 94.5
million tonnes. We expect a production level of 135 million tonnes by
the year 2015. India has a large livestock population base constituting
278 million livestock including 180.5 million cattle, 82.8 million
buffaloes, 4 million sheep and 9.2 million goats. The livestock
population is projected to increase to 322 million by the year 2015. The
large livestock population is raised primarily on crop residues and
grazing in the common property including basement. The forest area,
which was a major source of grazing, is no longer available to livestock
breeders especially landless people. As a consequence, the available
feed resources fall short of the nutritional requirement. The shortfall is
estimated as 59.9 million tonnes for the green fodder and 19.9 million
tonnes for dry fodder. This shortfall is likely to increase by 2015 to 63.5
million tonnes of green fodder and 23.56 million tonnes of dry fodder.
The landless people are, therefore, likely to face severe shortage
of resources to raise cattle and other species of livestock. There is a
real danger that in the absence of resources to maintain their stock,
these under-privilege rural people may give up livestock farming. This
could be a serious setback to lakhs of rural families who derive income
as
well
as
employment
opportunities
from
livestock
sector.
international
market.
18.5%
20.6%
11.7%
9.4%
7.4%
Lead Players
The lead players in processed milk products in the market are as
follows:Amul, Britannia, and others include Vijaya, Verka and Vadilal. In the
category of cheese Amul, Britannia Dabur (Le Bon) are the leading
players including others like Verka, Nandini, Vijaya and Vadilal
21
Dairy Whiteners
About 15% of the total milk output in India is estimated to be
processed in the organized dairy. The industry has maintained a high
growth profile, especially in the wake of the Operation Flood,
colloquially also termed as White Revolution, initiated in early 1980s.
Today, India produces over 85 mn tonnes of milk annually. The total
milk economy is estimated at Rs 1300 billion in terms of value.
Nestle:Nestle India with its Everyday dairy whitener has established its
brand well. It has also entered into the market with its Nestle Pure Milk
and, of course, a product in its niche area, Nescafe Frappe. Having
earlier launched UHT milk, Nestle is concentrating on expanding its
reach. Its plans
covered
acceptance,
especially
and
by railways,
nursing
homes
hotels
and
and corporate
household
sector.
exports, especially
to
neighboring countries and the countries in the Middle East, the Gulf
and Africa, also exist and could be exploited.
23
th MT
80
83
85
86
89
91
99
95
135
183
147
160
175
190
206
224
243
263
284
307
450
Lead
Players
Brands
3.6%
10.1%
8.7%
8.3%
8.0%
24
1956
17.8
100
39.2%
60.8%
46.0%
8.8%
4.4%
1.6%
cheese)
Western Products: Milk Powder, etc
Neg
Neg
*Includes Pakistan and Bangladesh
Source: Handbook on Technology of Indian Milk Products
2004
91
100
46.0%
50.0%
33.0%
7.0%
7.0%
3.0%
4.0%
25
products like cheese and ice cream alongside the traditional products
like paneer, khoya and milk-based sweets are now being manufactured
on a large scale. Utilization pattern
26
27
Production in India
Year
199192
199293
199394
1994-
Per
Capita
(gms/day)
55.7
178
58.0
182
60.6
187
63.8
194
28
Availability
95
199596
199697
199798
199899
19992000
200001
200102
200203
200304
200405*
66.2
197
69.1
202
72.1
207
75.4
213
78.3
217
80.6
220
84.4
225
86.2
230
88.1
231
90.7
229
2005-
94.6
06
Source:
220
State/UT
Animal
Husbandry Departments,
2004
*Source: Production Estimate of MILK, EGG, MEAT and WOOL of the year 2004-2005
1997-
1998-
1999-
2000-
29
2001-
2002-
2003-
2004-05 *
98
99
2000
01
02
03
04
72128
75424
78286
80607
84406
86159
88082
90715
4473
4842
5122
5521
5814
6584
6959
7252
Pradesh
43
45
46
42
42
46
46
48
Assam
719
725
667
683
682
705
727
739
Bihar
3420
3440
3454
2489
2664
2869
3180
2974
Goa
38
41
44
45
45
46
48
57
Gujarat
4913
5059
5269
5312
5862
6089
6421
6745
Haryana
4373
4527
4679
4850
4978
5124
5221
5222
Pradesh
714
724
742
761
756
773
786
870
J&K
1167
1232
1286
1321
1360
1389
1414
# 1422
Karnataka
3970
4231
4471
4599
4797
4539
3857
3917
Kerala
2343
2420
2532
2605
2718
2419
2111
2025
Pradesh
5377
5442
5519
4761
5283
5343
5388
5506
Maharashtra
5193
5609
5707
5849
6094
6238
6379
6567
Manipur
62
65
68
66
68
69
71
75
Meghalaya
59
61
62
64
66
68
69
71
Mizoram
17
20
18
14
14
15
15
16
Nagaland
46
48
48
51
57
58
63
69
Orissa
672
733
850
876
929
941
997
1283
Punjab
7165
7394
7706
7777
7932
8173
8391
8554
Rajasthan
6487
6923
7280
7455
7758
7789
8054
8310
Sikkim
35
35
35
35
37
45
48
46
Tamil Nadu
4061
4273
4586
4910
4988
4622
4752
4784
Tripura
57
76
77
77
90
79
84
86
13618
14152
13857
14648
15288
15943
16512
West Bengal
3441
3465
3471
3515
3600
3686
3790
All India
Andhra
Pradesh
Arunachal
Himachal
Madhya
3415
30
A&N Islands
22
22
23
22
23
26
25
24
Chandigarh
43
43
42
43
43
43
44
43
D&N Haveli
Delhi
290
290
291
294
296
299
303
Lakshadweep 1
Pondicherry
36
37
37
37
37
40
41
Chhattisgarh -
777
795
804
812
831
Uttaranchal
1025
1066
1079
1188
1195
Jharkhand
910
940
952
954
1330
267
36
thrust
is
required:
31
32
Nestl has been a partner in India's growth for over nine decades
now and has built a very special relationship of trust and commitment
with the people of India. The Company's activities in India have
facilitated direct and indirect employment and provides livelihood to
33
services
Company
and
continuously
other
focuses
its
goods.
efforts
to
better
Company
and
access
to
the
Nestl
Group's
proprietary
safe
food
products
at
affordable
prices.
'n'
Nestl
Natural
India
is
Dahi
a
and
responsible
NESTL
organization
Jeera
and
Raita.
facilitates
tamper-evident.
NESTL Milk is available in all metros AND some other states also.
Today, Nestle is the world's largest and most diversified food company.
It has around 2,50,000 employees worldwide, operated 500 factories in
approximately 100 countries and offers over 8,000 products to millions
of consumers universally
35
Chapter 3
Company Profile
36
COMPANY PROFILE
The Punjab state co-operation Milk Producers Federation Ltd. popularly
known as MILK FED PUNJAB came into existence in 1973. It was
backed by twin objective of providing remuneration milk to the market.
Although the federation was registered a lot earlier, it took the centre
stage of Punjab Diary Scenario in 1983 when all the Milk Plants of
Punjab Dairy Development Corporation Ltd. were handed over to cooperative sector and the entire state was covered under operation
flood to give the formers better value and customers better products.
The organizational set up of MILK FED is based on three tire systems
37
38
The plant was designed to handle 60.000 liters per day of milk drying
and 10.000 liters per day as liquid supply. Since inception of the Plant
there was no change in the handling capacity until April 1997. Due to
good potentiality of milk in areas, efforts were always made to
enhance its handling capacity to 100.000 liters milk per day. Under the
guidance of Milk Federation Punjab, the Registrar, Cooperative
Societies Punjab, has sanctioned as sum of
Rs 140 crore from the co-operative Development Fund. These funds
are being utilized at the earliest. The loan amount should be
refundable in 5 years after moratorium period of 3 years. On expansion
the plant will handle 100,000 liters of milk per day. The registration
capacity will also increase to 1.5 lacs liters of milk per day.
39
Bathinda
Chandigarh
Bassi
Pathana
Ferozepur
Faridkot
Amritsar
Gurdaspur
Sangrur
Ropar
Hushiarpur
Patiala
Ludhiana
40
Jalandhar
CONTROLLING AUTHORITIES: The Milk Plant Gurdaspur set up by Punjab Government but in 1966 the
controlled was passed on to Punjab Dairy Development Co-operation
and subsequently its management was passed to Milk Fed w.e.f. April
9, 1983. The Gurdaspur District Co-operative Milk Producer Union Ltd
was registered on April 28th. Union has started its business on July 1,
1988 with the complete control of Plant to the Union. Moreover all the
assets
and liabilities
Development
of Punjab Government
Co-operation
at
the
Milk
Plant
and Punjab
Dairy
Gurdaspur
were
GOVERNMENT SUPPORT: Union finally functioned with share capital of Rs 10 lacs received from
government which was later on enhanced to Rs 103 lacs. Under the
operation flood, Milk Union, Gurdaspur has received
Plant and machinery, tanker and other assets on loan cum grant basis.
A loan was given by National Dairy Development Board amounting to
Rs 109.49 lacs (70% loan and 39% grant). In the year 1990 -91 unions
has taken Rs 53 lacs from Milk Fed as short term loan to meet its
current obligation. This year N.D.D.B. has given a loan of Rs 2.5 crore
to the Union. The union gets timely fund availability of working capital
loan.
41
MILK PROCUREMENT AT MILK PLANT: The procurement system of this Milk Plant is well organized. Milk
procurement is made through Milk Producers Co-operative Societies
which are spread over whole of the Gurdaspur. Under these societies,
there are milk producer members. These members are chosen by
village level societies from each village. These members choose a
secretary
who collect milk from milk producers and sell to the plant and earn
some percentage of commission. In November, 1998, there were
603 functioned societies having 32967 milk producer members. In
November, 1999, there were 623 functional societies having
41967 milk producers members holding membership of Milk Plant,
Gurdaspur and poured 1787634 kgs of milk.
In June 30, 2002 Milk Plant Gurdaspur has 738 functional societies out
of which 493 are working. While collection of milk, the fat contents of
milk are properly tested on order to check the quality of milk because
the price is paid according to fat contents. GERBER and MILKO Tests
are the tests applied to test protein and fat contents in milk.
42
CHILLING STATIONS: There are three chilling stations working under this plant. These are
Batala, Kahnuwan and Tugalwada.
The motive for opening these stations is to save the milk. The life of
the milk is only Five hours after it is collected. Some villages are more
away from Gurdaspur Plant and transportation times much higher than
this time. So these stations are opened to chill the collected milk so
that the life of milk be increased against five hours.
AIR / WATER POLLUTION CONTROL: The pollution created by boilers smoke and affluent discharge is
checked as per the norms of the Punjab Pollution Control Board,
necessary devices have been installed. With the start of these
equipments, the BOD of treated water (of treatment of water) being
discharged into Municipal Sewer is less than 30 i.e. well within norms.
The treated water is used for irrigation purpose on the land of Milk
Plant. Thus there is reduction of pumping of water from Earth Strata.
The result of this is 17, 00,000.
43
Chapter 4
44
There has been 31.08 per cent growth in milk procurement in the first
fortnight of the May known as a lean period as far as procurement of
milk is concerned. During first 12 days of May, the average
procurement of milk was 8.83 lakh kg compared to 7.01 lakh kg of
corresponding period in the last year.
Amritsar, Gurdaspur, Patiala, Ludhiana, Ferozepur and Jalandhar
districts are doing very well with regard to the milk procurement.
Overall turnover of the Milk fed had gone up to Rs 918 crore by the end
of last financial year and it would cross Rs 1,000 crore at the end of
current year. Increase in the turnover has been to the extent of 20.9
per cent in 2009-10 compared to the previous fiscal year.
V.K. Singh, managing director, Milk fed, said the biggest challenge
before his organization was to find new markets to sell milk products.
Our plants can process milk up to 14 lakh kg per day but we are
expecting milk procurement touching figure of 17 lakh kg during the
winter this year. Hence, we need new markets to sell milk and its
products, he said.
Milk fed had given best price Rs 14.50 per kg cow milk and Rs 17.50
per kg for buffalo milk. To keep dairy farmers and other milk producers
in the state motivated, we will not slash its price during the flush
season, he said. Except Amritsar and Sangrur, all other milk plants in
46
cooperative sector were doing very well, he added. He said Milk fed
was in profit and would become a blue-chip organization in a year or
two.
Efforts made by us in enhance milk production by supporting the
setting up new dairy farms has started giving dividends, he said.
We are supplying milk even in Srinagar local market and also looking
to develop market in north-east such as Assam to sell milk products
especially value added ones. There was a plan to set up a plant near
Delhi because that was a biggest consumer market. Areas in which
Milk fed is not showing promise is table butter that has registered a
negative growth of 11 per cent and internal and external sale of
skimmed milk that has registered a negative growth of 24 per cent.
There are also problems on human resources front because private
sector has been keeping eye on its professionals and luring them away
by offering higher pay packets. V.K. Singh said, We would have to
adopt the corporate pattern to higher and retain best talented persons
in milk sector to compete with private sector.
PRODUCTS
The Verka range:
Fresh Milk
(UHT)
DTM
Skimmed Milk
Toned
Standard
Full Cream
Cow Milk
47
Skimmed
Camel Milk
Fresh Milk Products
Chaach
Ghee
Lassi
Cow Ghee
Dahi
Table Butter
Paneer
SMP
Shrikhand
WMP
Icecream
Cheese
Rasgulla
Dairy Whitener
Flavored Milk
White Butter
Mawa
Today Verka Milk Plant Gurdaspur provides liquid milk of four types
name
Toned
Double toned
48
employees
for
participation.
49
professional
excellence
and
Chapter 5
QUALITY POLICY
50
QUALITY POLICY
The Verka Milk Plant Gurdaspur believes that the delighted customer is
the only key for overall development of the organization
This is achieved by: Educating milk products for clean milk production.
Manufacturing and supplying milk and milk products and services
of consistent quality at comparative price.
Adoptive innovate and modern technologies and system.
Developing committed workforce.
Adoption of safety and environment friendly standards with help
of application of HACCP principals.
Quality
Verka Milk Plant Gurdaspur has got a sophisticated quality Control
Laboratory, which is equipped to carry out almost all the chemical and
bacteriological tests related with milk and milk products. The QC Lab
also carries quality tests for various packaging material, ingredients,
and chemicals used in Verka Milk Plant Gurdaspur. The service of the
quality control lab is also used for carrying our consumer awareness
programs like Dudh ka Pani Ka Pani. We also have facility for general
public for getting their milk or Ghee samples tested in our quality
control lab free of cost.
51
Engineering
The lifeline of Verka Milk Plant Gurdaspur i.e. steam, water and
refrigeration is provided and maintained by the Engineering section.
Apart from this section does regular maintenance both preventive and
corrective only. Considering the perishable nature of milk, the
engineering section has to be on its toes always.
The section is managed by will qualified and experienced manpower,
which are at par with any professional organization.
52
Chapter 6
ORGANIZATIONAL CHART
53
ORGANIZATIONAL CHART
General
Manager
Manager
Quality
Assurance
Manager
Engineering
Incharge
Purchase
Incharge
Marketing
Deputy
Manager
P.A.
Manager
Milk
Procurement
M.R.
Incharge
Store
Local
Routes
Boiler
Chilling
Centers
Electrical
Chemical Testing &
Packing Material
Liquid Milk
Testing
Mechanical
Refrigeration
Microbiological
Testing
Dy. Manager
Reception &
Processing
Dy. Manager
Liquid & Milk
54
Dy.Manager
Ghee & Powder
Dy. Manager
Paneer & Dahi
GENERAL MANAGER
G.M. is the topmost authority in particular milk plant. He is the
incharge of affairs of union in process provides due price to milk
producers and assures good quality to the consumers at the most
reasonable price.
G.M. who is duly assisted by mangers of various line functional
departments plus staff to carry out his task and any problem related to
different departments are dealt by him.
The name time periods of the G.M. are as follows: 1.
Sh. G. S Dhami
1980 84
2.
1984 89
3.
1989 90
4.
11-06-90 to 04-10-90
5.
S. Amrik Singh
6.
Dec. 1993 94
7.
S. Amrik Singh
01-09-1994 98
8.
13-09-94 98
9.
S. Amarjit Singh
10.
S.Kuldeep Singh
1998-2002 31-03-2002
01-04-2002 till now
55
the
planning
policies,
financial
resource
mobilization
and
56
Chapter 7
57
For the last few years, more emphasis is being given on employees
training in the field of Attitude, Customer Relations, Positive Thinking,
Time Management, Stress Management and Team Building etc; apart
from technical subjects. Employees are being made aware of such
subjects either by nominating them to various training organizations
and workshops and seminars. Also experts are being invited to conduct
in house workshops and seminars. Verka Milk Plant Gurdaspur has h
HRD cell also, which circulate good and readable articles to employees
for self-development.
58
Chapter 8
SWOT Analysis
59
SWOT ANALYSIS
corporate
governance
and
socially
responsible
organization.
10. Quality of available milk is very good
WEAKNESS: -
1. Situated
2. Indo
60
1. Himachal
2. Milk
Chilling
Centre
Fatehgarh
Churian
falling
in
District
3. Veterinary
4. Feasibility
exposed.
Chapter 9
62
Profit and loss account is depicted from the Balance Sheet. According
to this account, the company comes to know about the real position of
the company by knowing that whether the company has gained or
loss. As the checking of this account reveals that profit and loss
account for the year 31.03.2009, 31.03.2010 was misrepresentation of
accounts and depicts the position which is not correct because the
plant authorities had shown appropriation loss account of Rs
49,69,96,162.62/- on 31.03.2009, Rs 53,41,04,641.63/- on 31.03.2010
in Balance Sheet by preparing separate P & L appropriation account by
the union when provision of this expenses which were increased from
2009-2010 was not made. Plant concealed net loss for the concerned
years to the tune of Rs 1, 79,01,905.58/- and Rs 1,45,36,884.77/- for
31.03.2009 and 31.03.2010 respectively by not showing as net loss for
that year.
Besides many reasons the main reason for loss as explained by the
plant authorities is running the plant in under capacity resulting high
production
cost
and
fixed
cost,
low
margin
between
63
purchase/production price and sale price does not cover the various
expenditures which are incurred in procurement.
MANUFACTURING,
OF2009 - 2010
TRADING
&PROFIT
&
LOSS
ACCOUNT
Previous year
(amount)
Particulars
Current year
(amount)
Previous year
(amount)
7,13,42,395.80
Opening
stock
8,12,58,066.0
0
28,66,99,619.4
2
Purchase of
milk&
milk
products
Procurement
Expenses
Processing
expenses
Production
expenses
31,64,46,682.
57
2,36,48,275.32
57,90,158.68
2,28,33,697.78
2,72,95,223.1
8
71,01,192.68
2,44,74,667.0
1
64
Particulars
Current year
(amount)
2,28,33,697.78
Packing
expenses
1,79,69,644.7
0
1,18,69,119.60
Store/Purcha-se/
Engg
expenses
Admn/accou
nts expenses
1,37,25,203.3
4
2,557.00
Service Tax
4,202.00
97,77,021.75
Distribution
expenses
99,37,265.84
27,33,803.65
Depreciation
27,11,437.89
4,14,73,523.80
49,69,96,162.6
2
2,59,04,726.7
9
53,41,04,641.
63
65
2,64,46,257.4 Sale on
3,01,74,528.
0
Consignment 20
Basis
1,45,36,884.
77
49,69,96,162.
62
53,41,04,641
.63
Chapter 10
66
Year 2008-09
(amount)
Assets
Year 2008-09
(amount)
Share capital
1,32,76,100.00
Fixed assets
9,93,20,509.3
4
and 8,04,28,468.37
Investments
1,55,00,100.0
0
Current assets
11,04,14,541.
25
Reserves
surplus
Secured loans
3,07,84,483.00
Total
1,54,775.00
44,05,92,114.30
67
Accumulated
losses
19,37,34,246.
13
Appropriate
losses
37,20,812.00
1,79,01,905.5
8
44,05,92,114.
30
Year 2009 10
(amount)
Assets
Year 2009 10
(amount)
Share capital
1,37,67,100.00
Fixed assets
10,225,97,23.
94
and 9,80,11,843.34
Investments
1,55,00,100.0
0
Current assets
12,38,81,995.
71
Reserves
surplus
Secured loans
3,33,31,243.00
Hare stabilization
fund
21,53,56,963.
71
43,402.00
Accumulated
losses
Appropriate
losses
Loss of the year
Total
47,15,35,668.19
68
47,15,35,668.
19
Chapter 11
69
2010
Assets
Increase/decreas
Percentag
e amount
Fixed assets
9,93,20,509.3
10,22,59,723.
(+)29,39,214.6
2.9 %
Current assets
4
11,04,14,541.
94
12,38,81,995.
(+)1,34,67,454.5
12.1 %
Investments
25
1,55,00,100.0
77
1,55,00,100.0
2
Nil
0%
Accumulated
0
19,37,34,246.
0
21,53,56,963.
(+)2,16,22,717.5
11.1 %
13
the 1,79,01,905.5
71
1,45,36,884.7
8
(-)33,65,020.81
(-)18.7%
losses
Loss
of
year
Appropriation
8
37, 20,812.00
7
Nil
nil
Loss
Total assets
44,05,92,114.
47,15,35,668.
(+)30943553.89
30
19
Liabilities
& 2009
2010
Capital
Share capital
Reserves
nil
7.0 %
Increase/decreas
Percentag
e amount
1,32,76,100.0
1,37,67,100.0
(+)4,91,000.00
3.6 %
0
and 8,04,28,468.3
0
9,80,11,843.3
(+)1,75,83,374.9
21.8 %
surplus
Secured loans
7
3,07,84,483.0
4
3,33,31,243.0
7
(+)25,46,760.00
8.2 %
Current
0
31,59,48,287.
0
32,63,82,079.
(+)1,04,33,791.9
3.3 %
85
43,402.00
(-)1,11,373.00
liabilities
provisions
Share
& 93
1,54,775.00
stabilization
Fund
70
71.9 %
Total
44,05,92,114.
471535668.19
(+)30943553.89
7.0 %
71
Chapter 12
Data Interpretation
72
73
74
75
76
77
78
Chapter 13
Suggestions
79
Suggestions:
1. Verka milk plant should concentrate more on marketing
strategies.
2. Expand themselves to other states also.
3. Feasibility of home delivery system for city supply milk to be
exposed
4. Innovative energy saving measures is required to bring down the
cost of production and improve profitability.
5. try to create retained earning reserve and utilize it for its own
development.
6. Bring more varieties in its product range.
80
Chapter 14
Bibliography
81
Bibliography
Pandey
I.M.,
financial
management,
Ninth
addition,
UBS
Mahant
R.N.,
Management
Accounting,
Sahitya
Bhawan
Publications, Agra
Van
Income
Financial dailies.
Economic Times
Business Standard
Business Magazines
Business India
Business World
Internet Portals:
www.verkadairy.com
82
www.dairyindia.com
www.milkfeed.com
83
Chapter 15
Appendix
84
Appendix
THE BALANCE SHEET OF2009-2010
Previous
year
(amount)
5,00,00,000.
00
1,32,76,100.
00
Liabilities
Current year
(amount)
5,00,00,000.
00
Previous
year
(amount)
Assets
Current year
(amount)
Share
capital
1,37,67,100.
00
9,93,20,509.
34
Fixed assets
10,225,97,23.
94
8,04,28,468.
37
Reserves
and surplus
9,80,11,843.
34
1,55,00,100.
00
Investments
1,55,00,100.0
0
3,07,84,483.
00
Secured
loans
3,33,31,243.
00
11,04,14,541 Current
.25
assets
31,59,48,287 Current
.93
liabilities
and
provision
1,54,775.00
Share
stabilization
fund
32,63,82,079
.85
43,402.00
Stock
transit
21,53,56,963.
71
37,20,812.00 Appropriate
losses
47,15,35,668 44,05,92,114
.19
.30
85
in -
19,37,34,246 Accumulate
.13
d losses
1,79,01,905.
58
44,05,92,114
.30
12,38,81,995.
71
2010
Increase/decreas
e amount
9,93,20,509.3
4
11,04,14,541.
25
1,55,00,100.0
0
19,37,34,246.
13
10,22,59,723.
94
12,38,81,995.
77
1,55,00,100.0
0
21,53,56,963.
71
(+)29,39,214.6
2.9 %
(+)1,34,67,454.5
2
Nil
12.1 %
(+)2,16,22,717.5
8
11.1 %
Appropriate
1,79,01,905.5
loss of the year 8
1,45,36,884.7
7
(-)33,65,020.81
(-)18.7%
Total assets
47,15,35,668.
19
(+)3,46,64,365.8
9
7.9 %
2010
Increase/decreas
e amount
1,37,67,100.0
0
9,80,11,843.3
4
(+)4,91,000.00
3.6 %
(+)1,75,83,374.9
7
21.8 %
3,07,84,483.0
0
3,33,31,243.0
0
(+)25,46,760.00
8.2 %
Current
31,59,48,287.
liabilities
& 93
provisions
Share
1,54,775.00
stabilization
Fund
32,63,82,079.
85
(+)1,04,33,791.9
2
3.3 %
43,402.00
(-)1,11,373.00
71.9 %
Total
37,35,23,824.
85
(-)6,70,68,289.45
15.2 %
Assets
Fixed assets
Current assets
Investments
Accumulated
losses
43,68,71,302.
3
Liabilities
Capital
& 2009
Share capital
Reserves
surplus
1,32,76,100.0
0
and 8,04,28,468.3
7
Secured loans
44,05,92,114.
3
86
Percentag
e
0%
Percentag
e
Particulars
Current year
(amount)
Previous year
(amount)
7,13,42,395.80
Opening
stock
8,12,58,066.0
0
28,66,99,619.4
2
Purchase of
milk&
milk
products
Procurement
Expenses
Processing
expenses
Production
expenses
Packing
expenses
31,64,46,682.
57
Store/Purcha-se/
Engg
expenses
Admn/accou
nts expenses
1,37,25,203.3
4
2,557.00
Service Tax
4,202.00
97,77,021.75
Distribution
expenses
99,37,265.84
27,33,803.65
Depreciation
27,11,437.89
2,36,48,275.32
57,90,158.68
2,28,33,697.78
2,28,33,697.78
1,18,69,119.60
4,14,73,523.80
49,69,96,162.6
2
2,72,95,223.1
8
71,01,192.68
Particulars
Current year
(amount)
2,44,74,667.0
1
1,79,69,644.7
0
2,59,04,726.7
9
53,41,04,641.
63
87
2,64,46,257.4 Sale on
3,01,74,528.
0
Consignment 20
Basis
1,45,36,884.
77
49,69,96,162.
62
53,41,04,641
.63
Chapter 17
Project Synopsis
88
89