04-09-2012, 10:49 AM
A STUDY ON ANALYSIS OF WORKING ENVIRONMENT OF VIMAL OIL AND FOOD LTD. MEHSANA
VIMAL OIL AND FOOD LTD..docx (Size: 2.32 MB / Downloads: 127)
Company profile
History Of Company
Vimal Oil & Foods Ltd. (VOFL), the flagship company of Vimal Group, was started in 1993 with the holy hand of Param Punjay Pramukh Swami Maharaj (Head BAPS), in Mehsana, Gujarat, with a small 50-ton refinery, and today it has evolved into a fully integrated and automatic oil-processing unit with an annual turnover or Rs. 630 crores, listed with Ahmedabad and Bombay Stock Exchange.
VOFL is always committed to quality and integrity, and that’s what reflects in our products that never fail to delight our customers. With a single goal of offering our customers a superior range of products that they can choose as per their needs. In that quest, we have broadened our business horizons by introducing cottonseed oil, groundnut oil, mustard oil, Soyabean oil, Sunflower oil, Corn oil and table margarine.
Despite the considerable success the company has achieved, it continues to invest substantial resources in exploring and adopting the latest technological advancements in their chosen field. Which is what enables their R&D to constantly come up with new, innovative solutions.
The Manufacturing facility comprises an integrated, continuous plant, set up by Alfa Laval. All the packaging is done in-house. In fact the Company has gone in for backward integration, by manufacturing its own packs. Be it Tins, HDPE jars, PET bottles or corrugated boxes. This works out to be very cost-effective, and also retains the quality of the product. The products are lab-tested at every stage, staring with the raw material, and ending with final packaging.
With the immense experience of the Vimal Group, VOFL has earned a solid reputation for its vision, entrepreneurial spirit and competitive edge.
But the focus on the commercial aspects of their ventures, has not made the company lose their human touch. The organization cares for its people, as much as it does for its products. And when we say ‘people’, we refer to all its stakeholders: the staff, suppliers, clients, shareholders...all the way to its end-users –the customers, More so, as their products are meant for human consumption. In fact, VOFL’s motto has always been to launch brands that will make “Healthy U, Happy U”
Healthy u, Happy u.
Vimal oil is a leading edible oil and food product company in india and our mission is to discover, develop, innovate and successfully reach each and every indian family with the best – pure healthy oils and food products to fulfill our mission statement “ healthy u, happy u”.
In our journey to the top we ensure to deliver the best value proposition as per global standerds in each and every area for the total satisfaction of our customers, vendors & parteners, investors & stakeholders, thus to contribute nation’s growth.
CMD MESSAGE
We are fortunate to be in an industry dealing in products that will always be in demand.
Within the edible oil industry, there has been a marked paradigm shift. It is getting more organized, and the players themselves are getting fewer and bigger, with larger refining capacities. As a result of the positive growth in the economy, health-conscious consumers are willing to pay more for quality product.
The Indian food industry’s annual sales turnover is over Rs.140, 000 crores. Having established a sound infrastructure, coupled with a widespread distribution network, the Company now plans to enter this high-growth, value added food segment.
With quality that has benchmark, backward integration that ensures better control, distribution that is leaving no corner untouched, and sales that are ever-increasing, Vimal Oil & Foods has a bright future to look forward to.
We have never let our long-standing reputation and numerous commercial successes, make us complacent. We still continue to work with the same zeal and dedication that has made us what we are today.
INTRODUCTION ABOUT THE OIL
The edible oil industry in India is still far bellow as compared to international standards. India is growing rapidly well in the oil industry but it is still far bellow as compared to international standards. There are lot many players in the edible oil industry like saffola, Maruti and lot many others.
India is one of the largest producers of oilseeds in the world and this sector occupies an important position in the agricultural economy and accounting for the estimated production of 24.35 million tonnes of nine cultivated oilseeds during the year 2004-05. India contributes about 7-8% of the world oilseeds production. Export of oilmeals, oilseeds and minor oils has increased from 3.36 million Tones in the financial year 2004-05 to 4.98 (Prov.) million tons in the financial year 2005-06. In terms of value, realization has gone up from Rs. 4613 crores to Rs.5299 crores. India accounted for about 6.4% of world oilmeal export