A SUMMER TRAINING REPORT

ON

PRODUCTION AND QUALITY CONTROL

FOR

BARODA DISTRICT CO-OPERATIVE MILK PRODUCERS UNION LIMITED

Submitted To

Dr. J. K. PATEL INSTITUTE OF MANAGEMENT In Partial Fulfillment Of The Requirement Of The Award For The Degree Of MASTERS OF BUSINESS ADMINISTRATION (MBA) Under The Guidance Of Prof. Mital Thakkar Assistant Lecturer Dr. J. K. Patel Institute of Management
Submitted By:

DHOLA NILESH S. M.B.A. - SEM II Roll no.: 12 Dr. J. K. PATEL INSTITUTE OF MANAGEMENT MBA PROGRAMME Batch: 2010-2012

CANDIDATES STATEMENT
I, NILESH S.DHOLA, a student of MBA SEM. II at Dr. J. K. Patel Institute of Management, hereby declare that the project titled - PRODUCTION AND QUALITY CONTROL is an original piece of research work carried out by me under the guidance and supervision of Prof. MITAL THAKKAR.

The information has been collected from genuine & authentic sources. The work has been submitted in partial fulfillment of the requirement of MASTER OF BUSINESS ADMINISTRATION (MBA).

Date: July 20, 2011 Place: Baroda

(DHOLA NILESH S.) MBA SEM II JKPIM

PREFACE
As MBA (Master of Business Administration) students our aim should not be only to learn theoretical concepts in the classroom, but it becomes more important as how we apply those concepts in practices. At present the world is running very fast. We are coming across many modern theories and implementation of machineries, to start new business. We must have the knowledge of theories and practical, through it, the student can able know about how to apply their mind in the real business world. This program of industrial summer training is to create awareness about the industrial environment amongst the students. Such training also plays vital role in MBA program. The importance of training and project preparation has been widely accepted in the education institutions. Thus knowing the importance of such practical training, our college is providing six weeks training program. Baroda District Co-Operative Milk Producers Union ltd gave me the golden opportunity to carry out my training program in such a great organization. I have prepared the detail report regarding the PRODUCTION AND QUALITY CONTROL

I have tried my best to collect all necessary information relating to the project work.

(NILESH S. DHOLA) MBA SEM II JKPIM

ACKNOWLEDGEMENT
The satisfaction Euphoria that accompanies the successful completion of any work would be incomplete unless I mention the name of the persons, who made it possible, whose constant guidance and encouragement served as a beckon of light and crowned my efforts with success. I am deeply indebted to Mr. Ravindra Mathur (Managing Director) for giving me the opportunity to undergo my project in their esteemed organization and their timely suggestions & Valuable guidance. I also want to give thanks to Mr. K.M.Joshi (General Manager), Mr. Alok Desai (Training Officer) and all the staff members of Baroda Dairy. They constantly encouraged me and showed the right path from day first till the completion of my project.. I am also extremely thankful to M.B.A Program of Gujarat Technological University (GTU) and Dr. J. K. Patel Institute of Management (JKPIM) for giving me this opportunity which will be helpful for me in my career ahead. I express my sincere thanks to our Director Mr. Abhijeet Chaterjee and faculty guide Mr. Deepak Gaywala, and all the other faculty members, for guiding me throughout the project.

Last but not the least; my grateful appreciation is also extended to Mrs. Sudeshna Pai (TPO-JKPIM) and my cordial thanks to my parents and friends.

However, I accept the sole responsibility for any possible errors of omission and would be extremely grateful to the readers of this project report if they bring such mistakes to my notice.

(NILESH S. DHOLA) MBA SEM II JKPIM

TABLE OF CONTENTS

NO.

TITLE

PAGE NO.

1 2 3 4 5 6 8 9

Certificate of the Company Candidates Statement Preface Acknowledgement Literature Review Executive Summery Objective of the Study Introduction of the Project

01 02 03 04 06 08 09

Introduction of Indian Dairy Industry Profile of the Baroda Dairy Detail Study-production and quality control of Baroda dairy

10 18

36 53

10

Research Methodology

Methodology Data Collection Sample Size Sampling Method 56 58 59 60 61

11 12 13 14 15

Results and Findings of the Study Limitations of the Study Suggestions Bibliography Annexure

LITERATURE REVIEW
Spend less money, or save more money or do both. If the annual income does nothing more than remain constant, your financial condition will improve. The above statement may sound come across as flippant, but its a fact of life.

Needless to say we all have different personalities and different responses to needs and desires in life.

A very important yardstick, in my view, is the growth rate of personal assets. If you sit down to all of the savings accounts, investment accounts and properly values and the total value is greater than the same time of the previous year, it stands to improve that the financial health intact and possibly improved.

Bill Hudley

Tips to Improve Your Financial Health

Ratio analysis can be used to determine the time required to pay accounts payable invoices.

If the average number of days is close to the average credit terms, this may indicate aggressive working capital management; i.e. using spontaneous sources of financing.

However, if the number of days is well beyond the average credit terms, this could indicate difficulty in making payments to creditors.

Matt H. Evans Excellence in Financial Management 6

The information you need to calculate ratios is easy to come by: Every single number or figure you need may be found in a company's financial statements. Once you have the raw data, you can plug it right into your financial analysis and put those numbers to work for you.

Everyone wants an edge in investing but one of the best tools out there frequently is frequently misunderstood and avoided by new investors. When you understand what ratios tell you, as well as where to find all the information you need to compute them, there's no reason why you shouldn't be able to make the numbers work in your favor.

Jonas Elmerraji Analyze Investments Quickly With Ratios

EXECUTIVE SUMMARY

The report consists of the details on Baroda District Co-operative Milk Producers Union Ltd. It is a co-operative society. The main aim of it is the welfare of the society by providing quality milk to its consumers at an affordable price. It has various functional departments such as the Production, Human Resource, Finance, Marketing, Purchase and Stores, Quality Assurance, Dispatch and Logistics. A detail study of all these departments have been made so as to get a clear view of the working of each of them. In addition to it a market research on the Consumer Preference and Brand Recallability of Baroda Dairys Products has been done in Baroda city. This survey is useful for the company to know the status of brand Recallability among consumers towards the products of Baroda dairy in Baroda city. This will enable the company to take appropriate decision as needed to increase as well as to retain its customers in the market. The survey has been analyzed by presenting it in the form of graphs and tables and based on it; the interpretations have been made for the same. The results and findings have also been made for the organization to help management in their decisions. Lastly, the

recommendations have also been made for the organization.

OBJECTIVE OF THE STUDY

There have been various objectives for this study, the first of which is a detailed analysis and evaluation of the PRODUCTION department such as way and strategies used to satisfy the need and demand of customer of Baroda Dairy.

The second objective, however the most important one or in other word the principle aim of this project is the understanding and assessment of control over the QUALITY and ASSURANCE of the various product of the dairy.

INDIAN DAIRY INUSTRY

Introduction: The dairy sector in the India has shown remarkable development in the past decade and India has now become one of the largest producers of milk and value-added milk products in the world. The dairy sector has developed through co-operatives in many parts of the State. During 1997-98, the State had 60 milk processing plants with an aggregate processing capacity of 5.8 million liters per day. In addition to these processing plants, 123 Government and 33 co-operatives milk chilling centers operate in the State. Indian dairy industry: Dairy is a place where handling of milk and milk products is done and technology refers to the application of scientific knowledge for practical purposes. Dairy technology has been defined as that branch of dairy science, which deals with the processing of milk and the manufacture of milk products on an industrial scale. In developed dairying countries such as the U.S.A., the year 1850 is seen as the dividing line between farm and factory-scale production. Various factors contributed to this change in these countries, viz. concentration of population in cities where jobs were plentiful, rapid industrialization, improvement of transportation facilities, development of machines, etc. whereas the rural areas were identified for milk production, the urban centers were selected for the location of milk processing plants and product manufacturing factories. These plants and factories were rapidly expanded and modernized with improved machinery and equipment to secure the various advantages of

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large-scale production. Nearly all the milk in the U.S.A. before 1900 was delivered as raw (natural) milk. Once pasteurization was introduced, it developed rapidly. Mechanical refrigeration helped in the rapid development of the factory system of market milk distribution.

The highest milk producer in the entire globe India boasts of that status. India is otherwise known as the Oyster of the global dairy industry, with opportunities galore to the entrepreneurs globally. Anyone might want to capitalize on the largest and fastest growing milk and milk products' market. The dairy industry in India has been witnessing rapid growth. The liberalized economy provides more opportunities for MNCs and foreign investors to release the full potential of this industry. The main aim of the Indian dairy industry is only to better manage the national resources to enhance milk production and upgrade milk processing using innovative technologies. The Indian dairy industry has aimed at better management of the national resources to enhance milk production and upgrade milk processing involving new innovative technologies. Multinational dairy giants can also make their foray in the Indian dairy market in this challenging scenario and create a win-win situation for both. 11

In India, dairying has been practiced as a rural cottage industry since the remote past. Semi-commercial dairying started with the establishment of military dairy farms and co-operative milk unions throughout the country towards the end of the nineteenth century.

During the earlier years, each household in those countries maintained its family cow or secured milk from its neighbor who supplied those living close by. As the urban population increased, fewer households could keep a cow for private use. The high cost of milk production, problems of sanitation etc., restricted the practice; and gradually the family cow in the city was eliminated and city cattle were all sent back to the rural areas. Gradually farmers within easy driving distance began delivering milk over regular routes in the cities. This was the beginning of the fluid milk-sheds which surround the large cities of today. Prior to the 1850s most milk was necessarily produced within a short distance of the place of consumption because of lack of suitable means of transportation and refrigeration. The Indian Dairy Industry has made rapid progress since Independence. A large number of modern milk plants and product factories have since been established. These organized dairies have been successfully engaged in the routine commercial production of pasteurized bottled milk and various Western and Indian dairy products. With modern knowledge of the protection of milk during transportation, it became possible to locate dairies where land was less expensive and crops could be grown more economically. In India, the market milk technology may be considered to have commenced in 1950, with the functioning of the Central Dairy of Aarey Milk Colony, and milk product technology in 1956 with the establishment of AMUL Dairy, Anand. The industry is still in its infancy and barely 10% of our total milk production under goes organized handling.

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NATIONAL DAIRY DEVELOPMENT BOARD National Dairy Development Board (NDDB) was founded to replace... Exploitation with empowerment, Tradition with modernity, Stagnation with growth, It is an instrument for the development of Indias rural transforming dairying into an instrument for the development of Indias rural people. Prior to NDDB, the milk market was vastly governed by local private dairy and these dairies were neither producing milk nor they were animal breeders and hence law of demand and supply was unheard by those whose intentions were purely to make more money from both the sides that is from producers of milk (farmers) and consumers at large. Establishment of NDDB broke that spell and traders were side lined in due course. The National Dairy Development Board was created in promote, finance and support producer-owned and controlled organizations. NDDBs efforts are co-operative principles and the Anand Pattern of Co-operation.

Philosophy of NDDB
Co-operation is the preferred form of enterprise, giving people control over the resources, through democratic self governance. All beneficiaries, particularly women and under privileged, must be involved in cooperative management and decision making.

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Technological and evolution search for better way to achieve the objective in the dynamic market. The NDDB was created in 1965, fulfilling the desire of the Prime Minister of

India the late Lal Bahadur Shatri to extend the success of the Kaira Co-operative Milk Producers union (Amul) to other parts of India. That success combined the wisdom and energy of farmers with professional management to successfully capture liquid milk and milk product markets while supporting farmer investment with inputs and services. NDDB began its operations with the mission of making dairying a vehicle to a better future for millions of grassroots milk producers. The mission achieved thrust and direction with the launching of Operation Flood, a program extending over 26 years and which used World Bank loan to finance Indias emergence as the worlds largest milk producing nation. Operation Floods third phase was completed in 1996 and has to its credit a number of significant achievements. As on March 2001, Indias 96,000 dairy co-operatives integrated through a three tier co-operative structure The Anand Pattern, owned by more than ten million farmers, procure an average of 16.5 million liters of milk every day. The milk is processed and marketed by 170 milk producers co-operative unions which, in turn, own 15 state co-operative milk marketing federations. NDDB also promotes other commodity-based co-operatives, allied industries and veterinary biological on an intensive and nation-wide basis. Dr. (Ms) Amrita Patel serves as the Chairman of NDDB; Dr. Varghese Kurien was the founder Chairman.

Operation Flood The transition of the Indian milk industry from a situation of net import to that of surplus has been led by the efforts of National Dairy Development Board's Operation Flood, program under the aegis of the former Chairman of the board Dr. Kurien.

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Launched in 1970, Operation Flood has led to the modernization of India's dairy sector and created a strong network for procurement processing and distribution of milk by the co-operative sector. Per capita availability of milk has increased from 132 gm per day in 1950 to over 220 gm per day in 1998.

The main thrust of Operation Flood was to organize dairy cooperatives in the milk shed areas of the village, and to link them to the four Metro cities, which are the main markets for milk.

The efforts undertaken by NDDB have not only led to enhanced production, improvement in methods of processing and development of a strong marketing network, but have also led to the emergence of dairying as an important source of employment and income generation in the rural areas.

It has also led to an improvement in yields, longer lactation periods, shorter calving intervals, etc through the use of modern breeding techniques. Establishment of milk collection centers and chilling centers has enhanced life of raw milk and enabled minimization of wastage due to spoilage of milk. Operation Flood has been one of the world's largest dairy development programs and looking at the success achieved in India by adopting the co-operative route, a few other countries have also replicated the model of India's White Revolution.

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The Baroda District Cooperative Milk Producers' Union Ltd.

Baroda Dairy is a prestigious popular co-operative organization of farmers of Vadodara District, providing good quality milk to the people of Sayaji Nagari since Last 52 Years. Baroda Dairy is a one of the leading dairies in INDIA having turnover of Rs.4000 Million(2008-09) and has a 1300 member milk cooperative societies(2008-09), 800 Milk centers for distribution and sales of Milk, 500 Retailers for sales of milk products and 1300 dedicated employees. The mission is to help farmers of the district to grow & improve life style of rural people. Introduction: Baroda District lies in the centre of Gujarat, a state of Western India, well-known for co-operative dairying. Baroda District co-operative Milk Producers union Ltd. Is

the full name of Baroda dairy. As the name suggests that it is a co-operative union. The dairy is engaged in the production of milk, flavored milk, butter and ghee, butter milk. The dairy also produces a wide variety of ice-cream, shrikhand, and many sweets through Sugam unit, a subsidiary of Baroda dairy. The plant is situated in Makarpura area, in the center of the city. The plants of Baroda dairy are fully equipped with latest technology and modern facilities. Baroda dairy always work for welfare of society. Objective: The Milk Union was established on 24th December 1957 with a view to relieve the milk producers by the private milk venders and to give proper remuneration to them and to supply good milk to the citizens of Baroda City.

Foundation of Dairy:

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With the view to relieve the milk producer from the exploitation by the private vendors, and to give a remunerative price for their milk and to supply good quality of milk to the citizen of Baroda city, the milk union was established on 24th December, 1957. The milk union got guidance and help in all respect from the Neighboring milk union of "Amul" especially from the Founder Chairman of "Amul", Shri T.K. Patel and then the general manager, Dr.V.Kurien who supported and guided the Baroda Milk Union. This union has strong leadership of Shri Maganbhai Patel, Founder Chairman

and Shri Jashvantlal Shah, Deputy Minister in the then state of Bombay. Under their dynamic leadership the foundation stone of this union was laid. First six milk co-operative societies became founder members of this union from where the milk was brought for distribution, but, in the absence of adequate facilities for chilling and pasteurization it was thought best to postpone the rural milk collection. In turn, pasteurized hygienic milk from Amul Milk Union was brought for distribution to the consumers of the Baroda city. The foundation stone of 50,000 LPD Dairy Plant was laid on 24thAugust 1962, by Shri T.K. Patel, the Doyen of the Co-operative Dairy Movement in Gujarat. In the year 1963-64 milk distribution through 21 Distribution centers were started in an organized way. In the year 1964-65, the union started its milk procurement from 120 milk cooperative societies. The dairy plant commissioned on April 25, 1965 was inaugurated by Shri Morarjibhai Desai, the Finance Minister of that time. Under the milk distribution system, pasteurized milk in the bottles was supplied to the city consumers. The bottling plant was set by UNICEF in collaboration with CARE to supply the reconstitutes milk to school children on matching contribution basis.

COMPANY PROFILE

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Unit Name: Baroda District Co-operative Milk Producers Union Ltd. Form of Organization: Co-operative Sector Year of Establishment: 24th December, 1957 Registered Office: Baroda District Co-operative Milk Producers Union Ltd. Baroda Dairy, OPP. O.N.G.C. Regional Office, Makarpura Road, Baroda-390009 E-Mail: dairy@barodaunion.Coop Phone: (0265) 2641066 Size of The Unit: Large Scale Industry Registered Office No.: Rg. No. D 4/57 Total Units: Baroda Dairy - Baroda Sugam Unit Baroda Cattle Feed Category Itola Milk Chilling Centre Bodeli Veterinary Sub Unit Savli Veterinary Sub Unit Dabhoi

Man Power: Permanent: 1378 Temporary: 475

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Board of Directors: 1) Shri Narendra Mukhi 2) Shri Satishbhai patel 3)Shri Ravindra Mathur Chair Man Vice Chair Man Managing Director

Auditor: Ramesh M Patel. (Sp. auditor)

Vision and Mission: Baroda Dairy is a Co-operative society and it is not just a profit making unit but to serve the better worth to society. The main mission of the Baroda dairy is to assure and safeguard the interest of the both nominal consumer of milk in city area and supplier of rural areas. And for this the Baroda Dairy deals according to provide BEST QUALITY product at REASONALBE PRICE to their customers. Bankers Of Baroda Dairy: The Baroda Central Co-operative Bank Ltd. The UCO Bank, Baroda Bank of Baroda, Baroda Punjab and Sindh Bank, Baroda Bank of India Central Bank of India, Baroda

Current Expansions:

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The dairy has started manufacturing bottled mineral water. Water from the river Narmada will be used for manufacturing mineral water, which will be marketed in bottles and pouches. A 12-km pipeline has been laid to pump water from the Narmada. The dairy has already got 90% subsidy from the Centre for the project. The project name is NARMADA NEER.

Future Expansions: Baroda Dairy, run by Baroda District Milk Cooperative Union, is all set to venture into manufacturing of tomato ketchup. The dairy has decided to take up a green field project for setting up a tomato ketchup manufacturing facility in central Gujarat. The dairy also plans to market the product at a later stage.

Baroda dairy is currently giving final touches to the project report. According to top officials of the dairy, the proposed plant will come up in the Bodeli area. Around Rs 7-8 crore would be required to set up the new unit, for which the dairy has already acquired land. "Bodeli is an ideal location for such a plant as its surrounding area such a Chhota Udaipur, Pavijetpur and Sankeda grow tomatoes on a large scale. Tomatoes will be procured from these areas, according to the dairy officials. Baroda Dairy is also going to introduce Idli-Dhosa centre after the success of Pizza. As per the latest news given in the local news paper dated 8th June, 2010 that Baroda Dairy has increased its turnover with Rs.62 crores. And also with the expenditure of Rs.20 crores, the Dairy will launch a new plant with the capacity of 7 LAKH LITRES.

Present Products Mix:

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Baroda Dairy is a unique place processing several products from the basic rawmaterial i.e. Milk, These products are as under and are immensely popular in and around city of Baroda. Milk Butter Milk(Chhash) Curd Flavoured Milk Butter Cheese Paneer Ghee Rajwadi Kadhi Thick shake Dry Sweets Ice-cream Pizza Shrikhand

Environment Policy: We are committed to protect and preserve natural Environment for social welfare and co-existence. Baroda Dairy, A leading co-operative organization is engaged in manufacturing and marketing of milk and milk products in India and abroad. Following are the principles of environmental policy: Control our plant operations to prevent pollution. To conserve natural resources and energy. Comply with applicable environmental legislation and regulations. Applying greening of the earth within our premises.

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Continually improve our environmental performance. To minimize generation of waste and follow appropriate methods for its Disposal. Create awareness among employees on environmental issues and Environmental management system. Keep our work environment clean and safe. This Environmental policy will be communicated to all employees, contractors

and suppliers of Baroda Dairy.

Quality Policy: Baroda Dairy firmly believes to provide Milk and Milk products of quality to give total consumer satisfaction. In order to achieve this objective, Baroda Dairy has implemented Quality and Food safety Management Systems since May 2000. The dairy is certified for ISO 9001:2000 and HACCP by SAI Global, which is a wholly owned subsidiary of Standards Australia International Ltd. The implemented systems emphasize on ensuring and maintaining quality and Food safety at all stage of procurement, Production, Packaging, Storage and Distribution of Milk and Milk Products.

Both the Quality and Food safety Management Systems are audited every six months by SAI Global to ensure the continuity and adequacy. The product quality and safety is ensured at every stage of operation and does not merely relay on final product testing. There is a system in place to identify and assess the risk at every stage of product manufacturing, packaging storage and distribution. Appropriate control measures are implemented at the identified stage to eliminate the possible cause of risk. This ensures the quality and food safety at every stage.

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A high level of plant and personnel hygiene and housekeeping is maintained to avoid any cross contamination. The housekeeping audits are conducted periodically and employees are motivated to participate in good Housekeeping Competitions. The dairy develops and maintains lawn and trees on open land within the premises. Baroda Dairy now, looks forward to implement ISO-14001:1996

Environmental management System with the objective to prevent pollution and protect environment through proper Management and control of its activities, products and services. Achievements: SUGAM unit of Baroda dairy received Jamanalal Bajaj Award in the year 1994 for the best Mgt. In 1998, to remain as a Market Leader in this competitive World, Baroda dairy has acquired the ISO 9002 & HACCP 9000 certificate. In 1998, vice president, Shri Krishna Kant Awarded Baroda dairy by presenting National Productivity Award for its production & development. Baroda Dairy was second achieving the award in Horticulture. In 2001, Baroda productivity council organized Good Housekeeping Competition in which the Bodily Unit of Baroda dairy won the prize. In 2002, Baroda dairy received certificate from Gujarat Safety Council for the various safety measures adopted at all the units. In 2003, Baroda dairy received ISO 14001 certificate for the maintenance of Natural Environment under its environmental policy. Highly automated plan for manufacturing GULAB JAMUN, SHRIKHAND and PENDA unique in India Sugam brand. Received 2nd prize for minimum accidents among drug, pharmaceutical, food and dairy industries.

Performance Graph Over Last Three Years

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Table showing sales & profit

(In Rs.)

Particulars Sales Profit

2007-08 3,39,18,28,538 75,93,353

2008-09 3,89,40,10,895 1,51,01,099

2009-10 4,59,45,07,067 1,94,53,343

BARODA DAIRYS ORGANIZATIONAL STRUCTURE

ABOUT THE FUNCTIONAL DEPARTMENTS BARODA DAIRY

FINANCE DEPARTMENT
Finance is the most crucial part in any organization. Finance is required in each & every stage of the business. Business is nothing but a process of making money through money. The finance department of a business takes responsibility for organizing the financial and accounting affairs including the preparation and presentation of appropriate accounts, and the provision of financial information for managers The primary purpose of the Finance Department is to monitor and report on the financial position of the Baroda Dairy and to provide an excellent level of service to their customers. It can be acquired through various sources. After the acquisition of finance, the work of utilization of finance is to be decided. The finance department has to deal with

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not only the procurement of finance but also with the proper utilization of it. Finance is the basic requirement for purchase of assets, production of goods, marketing, selling, etc. The finance department takes the decision regarding financial matters. Thus, we can say that finance dept. is one of the most important dept.

Source of Finance in Baroda Dairy: Baroda dairy does not raise finance for short term as all the requirement for shortterm finance are fulfilled by the internal sources (i.e. reserves & surplus). Mostly, finance is raised from long-term sources of finance. All the requirement of finance is fulfilled either by issuing equity shares or by taking loan from National Dairy Development Board. The repayment of loan is done in equal installments, the amount is pre-decided. Generally, 6% interest is charged on the amount of loan.

The Main Areas Covered By Financial Department in Dairy: Book keeping procedures. Creating a balance sheet & profit and loss account. Providing information to management. Management of wages & salary. Raising Funds. Cost allocation.

Capital Structure in Baroda Dairy: Capital structure of an organization refers to procurement of capital. Capital structures of an organization show how or through which sources, the finances are raised.

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Baroda dairy is a co-operative society and its shares are listed in stock exchange. However the shares are purchased by the milk societies who can easily become its members. These societies are not paid dividend but get price difference. Baroda Dairy is A Co-Operative Organization. It does not issue right or any other public issue. Therefore there is no question of any bonus. BARODA DAIRY does not have any other source of raising fund from its profits. For any undertaking it is financial by NDDB or self financing.

MARKETING DEPARTMENT
It is clearly said that Marketing Department is the Front Face of any organization or firm. This is said because marketing is the only means from where the consumers can know about the upcoming products of the firm or organization. This indirectly gives result in increased sales of products. Marketing Department does the function of creating demand in people and generates sales from it, which completely depends on marketing department. Baroda dairy is having a full-fledged marketing dept. where all the functions related to marketing are performed. As a part of marketing strategy Baroda Dairy has increased its Morning milk centers.

Target Market of Baroda Dairy: The whole city of Baroda is the target market for Baroda dairy. Also the towns of Baroda city is the target market for the Baroda dairy. Baroda dairys milk and its products are very popular among people of Baroda which made BARODA DAIRY a MARKET LEADER

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Market Share Baroda dairy has 80% market share. It is market leader. It is due to the quality and variety of milk & milk products which are sold at reasonable price.

Advertisement Baroda dairy does not have to advertise on a large scale for its products because most of the people are aware of the products produced by the dairy. In fact, the products are of daily used and they are so popular that there is little need for advertisement.

Pricing Policy Price may be defined as the value of product expressed in the monetary terms which a consumer pay or expected to pay in exchange and anticipation of the expected or offered utility. Therefore, we can say price is a link between the consumer and organization. As the main objective of Baroda dairy is not profit maximization, so it sets reasonable price for its products. It considers the interest both the parties. i.e. the suppliers of milk and the consumers currently, all over India the price of milk is fixed by the NDDB (National Dairy Development Board)

Export The products produced at Baroda dairy are not exported to other countries. The products of SUGAM unit are Exports to countries like.. USA SINGAPORE JAPAN AUSTRALIA

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KUWAIT DUBAI ABUDHABI

Warehousing: Baroda dairy does not have any warehouse but it has cold storage. Mostly, all the products are perishable in nature so there is a facility of cold storage and it is within the dairy premises.

Transportation: There is use of private vehicles i.e. tempo & trucks which are hired to transport milk. The transportation cost is low as it is within Baroda district.

HUMAN RESOURCE DEPARTMENT

There is a well versed Quote saying that Employees are the assets of any organization Which depicts that they are most important tool of organization. Thus to maintain them for the organization, Human Resource Department is kept for the well being of employees. The function of Human Resource Department can be seen in each and every organization. Thus it can be easily said that The Human Resource Department is the heart of any organization. The function of Human Resource Management is to manage the people working in the organization. It mainly focused on the intrapersonal relationship and interpersonal relationship of employees. Human Resource Management in simple words means planning, organizing, directing and controlling of procurement, recruitment, selection, training and development, compensation, integration, maintenance, appraisal, allocation and separation of Human Resources.

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Thus, Human Resource Management refers to the set of programs, functions and activities designed and carried out in order to MAXIMIZE the employees as well as organizational efficiency and effectiveness. Human Resource Management at Baroda Dairy: Baroda Dairy is one of the leading Dairy It shares collaborative and friendly relationship with preferred partners, employees, consumers and other workers involved to it. It maintains a transparency in handling the above relations and stick to its standards. The HRM function or Personnel department function in Baroda Dairy is indeed vast. All major activities since working of a worker from the time of his/her selection in to an organization until he/she resigns or get retired or leave job for any reason comes under the preview of HRM. The HR planning in Dairy is very smooth and transparent. It made Baroda Dairy a HUGE BIG Family of approximately 1400 employees. In Baroda Dairy major attention is given on the welfare and Safety of employees. They are also given different kind of incentives to increase their production effectiveness. Dairy also focuses on developing human value and potential through various bearing and development activities and provide favorable atmosphere. All these functions are performed by HR in Baroda Dairy. Human Resource Is Divided Into Different Parts: The HR in Baroda Dairy in mainly divided into four sections: Personnel Department Recruitment, selection, training, industrial relations, negotiation with Union, etc. Administration Department Its handles canteen, security, welfare facilities, safety, Any theft or loss, Absenteeism , events, AGM meeting organizing, licensing work, hygiene of various dept, etc.

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Time Keeping Department It handles salary & wages, records of employees, provides benefit of statutory, ESS, Form fill up, punching System, provident fund, ESI etc.

Telephone Department & Computer Department Maintains the connection of each department and provides facility of CUG to each employee to remain in contact while doing work. So that, if any query or problem occur then they can contact each other easily. Computer system handles the whole MIS in Baroda Dairy.

Trade Union in Dairy: Trade unions are the voluntary collective group of employees or employers formed to promote and convey their interest through collective actions to the organization. At Baroda dairy, there are two unions. One for the workers & another for officers which are working for the following: Baroda Dairy Trade Union ( FOR OFFICERS) Rastriya Majdoor Union (FOR WORKERS)

PURCHASE & STORES DEPARTMENT

Inventory Management System: In Baroda dairy, the stores department uses the FIFO method. I.e. First In First Out method of inventory management. Purchase Procedure: Baroda Dairys main raw material is milk. The purchase department has only to pick up just 10% of other raw material. The purchase procedure is as under:

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First of all respective department heads find out their need and get it approve by the managing director. Then they contact the stores department. After this they send an indent to the purchase department. The purchase department then asks for quotation from the suppliers. After the quotations are received will then be selected. The least cost giving suppler will then be selected. Then take the approval and give the authority to the supplier who gets the quotation passed. Then just let the finance department will make the payment the supplier after the delivery of goods.

Types of Stores: Cold Stores The cold stores are use for storing milk, chhas, flavored milk, dahi etc. and many other products. General Store 1 In this general store, the veterinary products, medicines, transportation instrument, buckets, flavors for milk and shrikhand are stored here. General Store 2 Here plastic of milk bags is store; tins of ghee, milk powder, fodder for cattles etc. are stored.

DISPATCH & LOGISTICS DEPARTMENT

All activities of Dispatch & Logistics Department are carried out under the supervision and order of General Manager and Marketing head.

31

Order of milk and milk products are dispatched as per the demand of customers and retailer and all records of dispatch are kept in dispatch register and computer.

Shifts: In dispatch department the work is divided in 3 shifts: Morning Afternoon Evening

32

Sources of Mode of Transportation:

There are trucks, tempos, insulated vans, three wheeler tempos are used to deliver the milk and the milk products in all the three shifts.

FINANCIAL ANALYSIS
Introduction:
Financial analysis is a tool of financial management. It consists of the evaluation of the financial condition and operating performance of a business firm, an industry, or even the economy, and the forecasting of its future condition and performance. It is, in other words, a means for examining risk and expected return. Data for financial analysis may come from other areas within the firm, such as marketing and production departments, from the firms own accounting data.

33

Financial Analysis is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between the items of the balance sheet and the profit and loss account.

Financial Analysis can be undertaken by management of the firm, or by parties outside the firm, viz. owners, creditors, investors and others. The nature of analysis will differ depending on the purpose of the analyst.

Within the firm, financial analysis may be used not only to evaluate the performance of the firm, but also its divisions or departments and its product lines. Analyses may be performed both periodically and as needed, not only to ensure informed investing and financing decisions, but also as an aid in implementing personnel policies and rewards systems.

Outside the firm, financial analysis may be used to determine the creditworthiness of a new customer, to evaluate the ability of a supplier to hold to the conditions of a long-term contract, and to evaluate the market performance of competitors.

Firms and investors that do not have the expertise, the time, or the resources to perform financial analysis on their own may purchase analyses from companies that specialize in providing this service. Such companies can provide reports ranging from detailed written analyses to simple creditworthiness ratings for businesses.

Users of Financial Analysis: Financial statements are used and analyzed by a different group of parties, these groups consists of people both inside and outside a business. Generally, these users are:

Internal Users: are owners, managers, employees and other parties who are directly connected with a company:

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Owners and managers require financial statements to make important business decisions that affect its continued operations. Financial analysis is then performed on these statements to provide management with more detailed information. These statements are also used as part of management's report to its stockholders, and it form part of the Annual Report of the company.

Employees also need these reports in making collective bargaining agreements with the management, in the case of labor unions or for individuals in discussing their compensation, promotion and rankings.

External Users: are potential investors, banks, government agencies and other parties who are outside the business but need financial information about the business for numbers of reasons.

Prospective investors make use of financial statements to assess the viability of investing in a business. Financial analyses are often used by investors and is prepared by professionals (financial analysts), thus providing them with the basis in making investment decisions.

Financial institutions (banks and other lending companies) use them to decide whether to give a company with fresh loans or extend debt securities (such as a long- term bank loan).

Government entities (tax authorities) need financial statements to ascertain the propriety and accuracy of taxes and duties paid by a company. Media and the general public are also interested in financial statements of some companies for a variety of reasons.

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DETAIL STUDY OF QUALITY CONTROL AND ISO 9000 AND 9001-2000

What is Quality ?
Quality means, products or services made as per customers requirements Customers satisfaction

Importance of Quality
Tough competition Educated customer

Traditional Method
Manufacturing Cost +Profit = Selling Price

What customer expects is minimum Selling price, hence,

Desired Method
Selling Price = Manufacturing cost + Profit

Base for the system is :

Quality Customer Price

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Quality Loop

Marketing/ Sales

CUSTOMER

Technical Support

Design/ Engineering

Despatch

Purchase

Packing

Stores

Quality Control

Production

EVOLUTION OF ISO 9000 FAMILY OF STANDARDS

Around 1920 Around 1945 Around 1960

Inspection

Process Control

Design Control

37

1978 U.K.

System control in all areas of management which directly or indirectly affect quality BS 5750 Part I, II, III ISO 9000 family of Standardsby International Organisation for Standardization (ISO) Bureau of Indian Standards IS 4000 Series First Revision

1987

1988

1994

Inspection Vs Quality Control

Inspection
Starts after production

Quality Control
Starts before & along with production

Segregates good and bad

Ensures that bad things will not happen Every bodies responsibility

Responsibility of the Inspection department

ISO 9000 - series of standards

- ISO means.. a) International Organization for standardization This std was first released in March, 1987 ISO 9000 gives guidelines for selection of standards Contractual standards are : ISO 9001-1994 : This is applicable to the organizations who design, develop, manufacture and supply and service product.

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b)

ISO 9002-1994 : This is applicable to the organizations who manufacture, supply and service product or services as per specifications given by the customer.

Features of ISO standards :

a) b) c) d) e) f) These are standards of system of production These are generic standards These are practical standards These are not product standards These ensure consistency of product quality In this, mistakes are corrected in a systematic way so that chances of repetition are reduced.

LOSSES DUE TO BAD QUALITY Tangible

(1) (2) (3) Increased rejection/rework Less production/productivity Higher customer complaints.

Intangible
(1) (2) (3) Loss of goodwill Conflicts between different depts. Loss of morale

Quality and Productivity (1) (2) Go hand in hand Quality is key to higher productivity

Types of Quality Quality of Design Quality of Product

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Quality of Process Quality of Systems Quality of Service

Effects of Bad Quality Tangible a) Higher Rejection b) Higher Rework c) Higher no. of customer complaints d) Less production/productivity Intangible a) Credit down in the market b) Dept. to Dept. quarrels c) Less interest in work Quality & Productivity Supplementary to each other Productivity increases with good Quality

NUMEROUS BENEFITS THAT WILL BE DERIVED FROM WORKING TO ISO 9001-2000 & TS 16949 QUALITY SYSTEMS
Improved communication at all levels Decreasing trend in rejections, reworks, customer complaints Decreasing trend in inventories - Raw materials - W.I.P. - Finished Goods Lead time reduction Customer relation improvement. Trust/confidence enhancement. Sub-contractor relation improvement. Long term association. Improved housekeeping Improved contacts with overseas buyers.

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 People development Improved health of people.

Some More Benefits of ISO : a) b) c) d) e) f) It reduces rejection/rework It improves housekeeping It increases morale of the company It ensures Quality and after sales service to customers It improves team work It saves cost by : g) h) i) j) avoiding repetition of work avoiding unnecessary records monitoring processes .and many other ways

Opportunities for export market Due to increased confidence of customers in you, you get more & more orders It improves discipline in the organization It increases credit in the market

Steps to be followed for ISO at our end : 1. 2. Study the standard and select the right standard Define Quality policy & Quality objectives. Display at various locations, explain meaning/intent to all 3. 4. 5. 6. Give training to each & every employee Write Work Procedures giving details of all activities Make changes in Work practices, wherever necessary Conduct Internal Audit to find out whether work is carried out as per written procedures 7. 8. 9. 10. 11. Implement suggestions/observations of Internal Audit Conduct an Audit by External (Friends) Auditors Implement suggestions received from them For certification audit call world famous, well known auditors for audit Implement their suggestions

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12.

Achieve certification

What we can do for effective implementation of ISO : 1. We must know the complete details of the work we are doing 2. We must know our Work Procedures in detail 3. Our work place must be neat and clean 4. Every thing must be attached with a label/tag/colour along with its status i.e. For Inspection/Accepted/ Rejected /For rework etc. 5. All the inspection, measuring & test equipment must be calibrated 6. We must maintain records, wherever written in the work procedures

Quality Mantra Right specifications, Right Time, Right Price Every Time, First Time

We must be ready for change

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DETAIL STUDY OF PRODUCTION DEPARTMENT

Production manager

Assistance manger

Common shift superintendent

Officer (raw milk receiving dock)

Officer process section

Officer butter sectionficer

Officer pouch packing

Officer ghee section

Technical officer

Technical officer

Technical officer

Technical officer

Technical officer

supervisor

supervisor

supervisor

supervisor

supervisor

operator

operator

operator

operator

operator

worker

worker

worker

worker

worker

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PRODUCTION DEPARTMENT
Production Department is most important part in any organization, firm, company or co-operative sectors. Production can be made for the middle users or for the end-users (direct consumers). Production do the main work of converting raw material into semi-finished or finished goods, it depends on what kind of production the organization is doing. In the context of BARODA DAIRY, people have endless demand for milk and milk products. BARODA DAIRY undertakes the procurement of milk and its production likewise satisfying the needs and demand of people. It estimates the demand and accordingly production is done for which arrangement of Raw material, finance and provision for selling is made by BARODA DAIRY. The Production Department is interrelated with the Personnel, Finance, and Marketing Department. During the year the average weight of milk received from the cooperative milk societies was 3, 34,588 kg. The maximum quantity of milk received in one day was 4, 44,008 kg during the year. Activities of Production Department: There are mainly five (5) activities done by the Production Department. They are as follows: Raw Material Receiving Dock Pasteurization Standardization Homogenization Pouch packing Section

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Baroda Dairy has set up a modern plant for the production process. It has established its plant in a modern high tech style which functions nearly 80% automatically.

Major Products of Baroda Dairy:

Following are the some milk products that the Baroda Dairy products and sale in different areas of Baroda district.

Amul Gold Amul Shakti Amul Cow Flavoured milk pouch Flavoured milk bottles Goras chhas Jira Chhas Masti Dahi Rajwadi Kadhi

22,98,259 liters per day 71,24,528 liters per day 6,14,867 liters per day 33149 pouches per day 31114 bottles per day 14,39,04 pouch of 500ml per day 14,16,552 pouch of 200ml per day 2,80,711 pouches of 200ml per day 21,863 pouches of 500ml per month

PRODUCTION DEPARTMENT HEAD OFFICE

CHAIR PERSON (INCHARGE) :- MR. CHANDUBHAI PATEL

SUB SECTIONS

1. RAW MILK RECEIVING DOCK (RMRD)

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INCHARGE: MR. R. J. PATEL

EMPLOYEE WORK IN.: 5 WORKERS EACH SHIFT (2SHIFTS) = 10 WORKERS

INPUT MATERIAL:FROM: 1. 2. 3. 4. DEALRS FARMERS LOCAL SMALL SCALE DAIRIES MILK POWDER FROM MEHSANA

DAILY INFLOW : 2.5 lacs Liters

Payment to suppliers in 10 days Transfer to chilling and process department

Process department 2. PROCESS DEPARTMENT

Incharge : Paresh Shah

Employee work in: 3 shift per shift 8 operator

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4 plant

Pasteurization 20000 liter

Pasteurization 20000 liter

Milk procurement 10000 liter

Cream procurement 7500 liter

Per Day Input Stock Output Four type milk Gold Sakti Dtm Cowmilk

: : :

400000ltr 50000ltr 380000ltr

: : : :

130000ltr 180000ltr 60000ltr 30000ltr

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 Storage through pipeline Temperature : 4 C degree maintain

3. Storage department
4c degree input milk

4 Sailo storage plant Tag No 54-4

Capacity 40000ltr

Total 4 sail 1 sail 10 sails

Capacity Capacity Capacity

40000ltr 600000ltr

15000ltr per plant

4c degree maintain in each plant

Butter section
Incharge: Pratik Gandhi

8 operator per shift 3 shift : 24 employee

Produced quantity : 1100-1200 kg in 1 bag 10 bag per day 350000 kg 6 month

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By product section
Incharge : Prtik Gandhi Ajay Patel Subhash Varma Three major product 1. Ghee 2. Sugar 3. Recombined milk

Production in quantity 15kg per bag 17 days 4224 bags

Ghee section
Incharge: Neha Dubey

Input 3000kg

Output 3600kg

We have required minimum 84%fat in butter

Employee Work in : 8 workers in each shift (3 shift)

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QUALITY ASSURANCE DEPARTMENT

Activities Carried By Employees in Quality Control Lab: Assistant manager : Mr. Vasubhai Patel Superintendent The superintendent observes all the activities in the lab, packing and gives guidance.

Junior Officer Here the officer looks after all Agmark related products like ghee and butter in the lab.

Senior Officer Here the senior chemist looks after on quality based on the standards of ISO 14000 and ISO 9000-20000 certificates.

Chemist The chemist looks after all the society milk, pasteurized milk and other milk products.

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Sampler

The sampler takes the samples from the milk received from different cooperative societies.

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Micro Biologist (Milk Plant)

The microbiologist cleans up all the tools and machines, which are used for processing of milk, butter and buttermilk.

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RESEARCH METHODOLOGY Research Framework: This study is based on a detailed study of Baroda Dairy and on the basis of its financial statements, documents and system ratios and finally to recognize and determine the financial position of the firm. Methodology: The project evaluates the financial performance of the dairy with the help of the most appropriate tool of financial analysis like ratio analysis and comparative balance sheet. Hence, it is essentially a fact finding study. The type of research used is Analytical Research, in which the facts or information already available are used for the purpose and analyzed, to make a critical evaluation of the problem. Types Of Data: Primary Data Primary data is the first hand information that is collected during the period of research. Primary data has been collected personally through discussions held with the staffs in the accounts department. Some types of information were gathered through oral conversations with the cashier, taxation officer etc. It is used and studied to prepare and reach the objectives already mentioned.

Secondary Data Secondary data includes the study of all the company records and companys balance sheet in which the project work has been done. In addition, a number of reference books, journals and reports were also used to formulate the theoretical model for the study. And some information was also drawn from the websites. Data Collection: The sources of collecting the primary data was through interviews, observation and discussions, however the secondary one was collected from the financial statements and

53

other reports already available to the employees of the company and some of which was published. Personal Interview: Personal Interview method requires a person known as the interviewer asking questions generally in a face to face contact to the other person or persons. In some cases, I had the chance to ask my questions personally from the Head of Accounts department and Head of HR Department regarding the information I needed. Different questions and information I could collected using this method are: 1. The beginning and history of the Baroda Dairy. 2. Numbers of staff working for different departments. 3. The vision & mission of the dairy. 4. Areas of operations. 5. Other dairy related information. Observation: Under this method, the data is gathered and evaluated by using: Analysis of historical records Analysis of documents Content Analysis Printed and Digital Sources: The secondary data I collected was through the study of the financial statements and annual reports of the dairy, already existed in form of printed files or digital files reserved in the dairy for further references. I had chosen these files because of the reliability and suitability of the information about which I was also sure about the accuracy of them. These files consist of: Annual reports of the dairy Financial balance sheets Income statements Different reports prepared by Finance Department Sample Size: Sample Size may be determined based on Judgment or statistically on the requirements of error and confidence. The number to be sampled can be decided on statistical analysis when the sample size is large. It can be modified by consideration of availability, cost and accessibility. For the financial analysis of Baroda Dairy, last 3 years data is available and accessible for the outsiders and therefore the sample size for the report is determined accordingly.

54

Sampling Method: For the purpose of study, Stratified Random Sampling Method of Probability Sampling is used. In this method, the population is stratified (partitioned) based on different features/characteristics of the population. Here, the population is stratified on the basis of time duration and then the sample is selected having particular time period.

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Results And Findings

I came to know that people from the age group of approxy 21-40 years workers are working Baroda Dairys production factory. I also came to know that there is maximum number of people having their annual salary between 2,00,000 to 4,00,000. During the study I have find that there are good co-ordination between various departments like RMRD and Process. It should also found out in the study that company shall enough stock maintain by the inventory section to meet future contingency need 56

 There are enough care developed by the company to sustain itself in market in changing times and technology. The fluency of the product between department is capable to maintain inventory to meet consumers demand by baroda dairy. The function of quality control is totally under controlled through quality policy. Proper machinery and equipment are developed or consume by the company to maintain the good quality and assurance of milk and other dairy product. The behavior of the staff is too much helpful for providing necessary information to me.

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Limitations of the study It is too difficult to convince the employee for the gathered information for specific object (privacy constrain). There are three shifts which are create such problems to get unique information by every workers. The knowledge of science technology is too pure to analyze the various technique of laboratorial investigations for milk and other product. Pursuance of the way of method working by machinery is very difficult.

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Suggestions Baroda dairy have to developed the atmosphere to not misuse the information providing to the student. Baroda dairy have try to co-ordinate of the various departmental information to standardize the unique information. They have try to provide the deep knowledge of the specific task of the laboratorial investigations for milk and other product. The proper information regarding the process of machinary should be provided by the baroda dairy

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BIBLIOGRAPHY
Books:

Financial Management, Ninth Edition, I. M. Pandey, Vikas Publishing House Pvt. Ltd., New Delhi.

Research Methodology and Operations Research, GTU Edition, Hamdy A. Taha , Pearson Education.

Web-sites:

www.google.com www.barodadairy.org www.CPAClass.com Other Sources:

Annual Reports of Baroda Dairy.

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ANNEXURE: 1
Balance Sheet of Baroda Dairy

As on 31-3-2009 Rs. Capital and Liability

As on 31-3-2010 Rs.

Share Capital: 5,00,00,000 Authorized Share Capital: 10,00,000 Shares of Rs. 100/- each. 4,99,36,200 Subscribed Share Capital: 5,52,348 Ordinary Shares of Rs. 100/Reserve and Other Funds: 1,85,54,489 9,44,87,203 11,30,41,692 Loan: 1,85,66,008 1,85,66,008 Liabilities and Provisions: 19,04,38,380 7,57,34,915 36,40,17,765 2,14,09,583 65,16,00,643 Profit and Loss Account: 1,51,01,099 Profit of the year 1,94,53,343 Provision for Expenses Deposits Credit Balance of DCS Sundry Creditors 23,84,25,697 8,79,62,501 50,18,68,287 1,67,14,925 84,49,71,410 N.D.D.B. Prospective Plan Loan National Co. Op. Development Corp. 1,52,37,136 1,30,00,000 2,82,37,136 Reserve Fund Other Fund 2,23,78,170 10,52,89,227 12,76,67,397 5,52,34,800 10,00,00,000

84,82,45,642

TOTAL

1,07,55,64,086

Vadodara Date: 07-06-2010

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Balance Sheet of Baroda Dairy (Continue)

As on 31-3-2009 Rs. Assets & Debtors

As on 31-3-2010 Rs.

19,67,82,083

Assets: (Original Cost Less Depreciation)

23,67,69,714

2,15,51,360

Investments: Stocks: (At Cost or Market Value whichever is lower as certified by the Managing Director) 6,91,43,808 82,22,883 15,45,908 1,47,11,379 2,73,28,733 2,34,53,255 15,17,000 5,20,725 Trading Stock: Milk & Milk Products Sugam Product Trading Stock: Cattle Feed Stores Dairy Cattle Feed Sugam Live Stock Lab Items for DCS Stock 8,32,78,017 82,76,784 14,32,916 11,40,55,995 3,81,23,373 2,92,16,951 11,02,001 7,27,400

2,15,51,360

14,64,43,691

27,62,13,437

7,56,23,433

Advances and Other Recoverable:

8,45,10,484

Balances: 27,48,21,721 Fixed Deposits Accounts with Nationalized/Co. Op. Banks 6,17,70,038 Current and Savings A/cs in Nationalized Banks 6,91,16,716 Current and Savings A/cs in Co. Op. Banks 9,38,46,066 3,06,94,140 33,06,31,557

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40,57,08,475 21,36,600 Cash On Hand:

45,51,71,763 13,47,328

84,82,45,642 Vadodara Date: 07-06-2010

TOTAL

1,07,55,64,086

ANNEXURE: 2
Profit & Loss Account of Baroda Dairy 2008-2009 Rs.
5,86,07,443 3,03,84,63,131 5,68,76,138 2,35,34,886 1,13,25,608 18,38,53,367 11,56,06,346 25,14,16,079 8,07,68,069 2,33,07,803 5,08,48,738 41,17,723 8,48,622 21,21,905 72,84,018 1,99,15,266 1,73,70,444 3,48,50,576 1,31,82,000 1,51,01,099 Opening Stock Purchases Purchase Expenses Research and Extension Expenses Processing Expenses Packaging Expenses Power and Fuel Expenses Salary and Wages Provident Fund, Gratuity & Allied Staff Welfare Exp. Repairs and Maintenance Expenses Marketing Expenses Printing, Stationery, Postage and Telephone Exp. Insurance Premium Rent & Taxes Audit Fee Miscellaneous Expenses Interest and Bank Commission Charges Depreciation Provision for Taxation Profit

Expenditure

2009-2010 Rs.
7,89,12,599 3,67,84,16,291 6,59,89,150 2,86,91,612 1,54,85,730 19,31,93,337 11,40,90,661 27,96,11,145 7,34,15,900 2,72,82,809 5,48,26,953 47,57,899 5,59,433 24,13,172 1,14,61,108 1,70,97,492 1,92,70,709 3,29,05,266 1,27,50,000 1,94,53,343

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4,00,93,99,261

TOTAL

4,73,05,84,609

2008-2009 Rs.
3,89,40,10,895 3,64,75,767 7,89,12,599 Sales Other Income Closing Stock

Income

2009-2010 Rs.
4,59,45,07,067 4,30,89,825 9,29,87,717

4,00,93,99,261

TOTAL

4,73,05,84,609

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