02-04-2011, 12:49 PM
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UTSAV.H.SUKHADIYA
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EXECUTIVE SUMMARY
Executive summary is an important part of the project report in which I have included all the information of my project in a short manner. My project title is Financial Analysis of Sabarkantha Districtive Milk Producers Union Limited from 2004-2010.
Milk industry has undergone a revolution in this century with the development of science and technology. Milk is most vital nutritious product upon which every human being depends. It is perishable in nature understanding the nature of perish ability of these product technologists tried their best to preserve this product so as to ensure its use in products.
Sardar Vallabhbhai Patel gives the first idea to establish and Co-operative business of milk. Amul dairy has been established near about us a result at the time in Anand. Amul dairy got the milk from two Talukas as that time and it had about 1000 societies and it procures about 9000 Ltrs. Milk.
The Sabarkantha Districtive Milk Producers Union Limited, Himatnagar “is a milk processing unit in the Sabarkantha district. It is also known as SABAR Dairy. The main objective of sabar dairy is to collect milk from sabarkantha district and manufacture different types of milk products and to customers at a lowest price. Sabar dairy produces the different milk base products but those all products marketed by GCMMF (Gujarat Co-operative Milk Marketing Federation Limited, Anand), In short all major activities regarding marketing are done on the priority of the GCMMF.
The National Dairy Development Board (NDDB) was formed in 1965 and was charged with the responsibility of building cooperative dairies in India on the Anand pattern.
In the beginning, the NDDB faced many obstacles. The Dairy Board had few financial resources; state governments and departments had little interest in turning over their responsibilities to farmers and, even more, in becoming employees of farmers. The National Dairy Development Board was created to promote, finance and support producer-owned and controlled organizations
This report includes financial analysis of sabar dairy in which Ratio Analysis, Projected Forecasting and Planning, Projected Cash flow statement, income statement, common size -Balance sheet, leverage. The main objective of this report is to know about financial conditions of the company; analysis it and give suggestion to what to do in the future. What type of policy should be adopted or may be changes by the top management.
Introduction of Dairy Industry
There has been a total revaluation in sector like industries economic situation, political situation and trying to focus to the best to capture the maximum benefits. Milk industry has undergone a revolution in this century with the development of science and technology. Milk is most vital nutritious product upon which every human being depends. It is perishable in nature understanding the nature of perish ability of these product technologists tried their best to preserve this product so as to ensure its use in products. The dairy industry has come up to the present stage because of the well planned effective co – ordination of national dairy development board and co – ordination of the Government at federation, the nature of every organization in a country regardless of its economics system is to increase. Productivity so as to full fill the wants and needs of its citizens and then to improve the standard of living of the people.
History and Development of Dairy Industry
Sardar Vallabhbhai Patel gives the first idea to establish and Co-operative business of milk. Amul dairy has been established near about us a result at the time in Anand. Amul dairy got the milk from two Talukas as that time and it had about 1000 societies and it procures about 9000 Ltrs. Milk. And give the idea to setup Panchmahal Dairy in stage 40 to 50 villages agreed provide milk to the dairy. They collected 21,000 Ltrs. Milk from those villages in the beginning. This dairy is called Panchmahal dairy.
In 1970 National Dairy Development Board (NDDB) was also established in Anand and the state level offices NDDB is in Delhi. The NDDB's chairman is Dr. V. Kurain in beginning on account of inadequate finance the Dairy was selling very less milk. Only few people ware agree to provide milk to the dairy. For Bringing milk the truck or tempo was used.
Panchmahal District is situated in the eastern part of Gujarat state with 1900 in habited villages consisting of 33.2 Lakes (1966 census) of which 9802 thousand represent schedule tribe making sizable 45% of the total human population, which is mainly concentrated in 5 tribal Talukas and 2 pockets the undulated terrain made of hills, rocks and shallows soils. The dependences of agriculture mostly on scarcity rainfalls and merge irrigation facilities and the advises all together make a huge obstacle in the development of the district. The Panchmahal District Co-operatives milk produces union was organization as Godhra in may 1973.initially from 40 villages the dairy Co-operative daily 21000Ltrs. Of milk was produces and delivered to the adjacent district union in Kheda, Baroda on account of two lack of processing facilities at Godhra only bordering villages ware availing these benefits of arrangements so to make it in reach of a larger numbers of deep seated villages. Milk producers a milk processing plant with 30,000Ltrs.capacity holder was established at Godhra in 1977.
Under operation flood III programmers it as proposed to procedure milk from 725 dcs by 1992. The procurement expected to be of 90,000 by the end of 1992. The proposed financial outlay under III programmers for union was Rs.315lakes, which involved investment on chilling center. Expansion of existing dairy plant technical input services and support to villages dairy Co-operative. At present the dairy production of milk is 4 to 5 lakes liters.
Dairy Industry in India
The dairy industry occupies an important place in the Indian economy. As India is an agriculture oriented economy and around 65% of its people still depending on agriculture and still many farmers use the old method of farming using the cattle, cattle breeding is done on a vast scale. The cattle not only provide the means for cultivation but also it provides milk to the household.
The government of India also helped the industry to develop by giving its full assistance and with the launching of operation flood in the 7th 5 – year plans the industry got the needed impetus. At the time if independence the growth rate of the industry was less at around 1% but with the help of the government the growth rate increased to 4.2%.