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Magadh Dairy project (SUDHA)
FINANCIAL ANALYSIS OF COMFEDPresented By
SHAMBHU NATHFMR-2022
PGDFM
Company profileAbout the CompanyInaugrated by late Dr. Rajendra Prasad Reopen in july 7th 1986Won the award “Turn Around Management” by
compfed in 1994 & Diary Management Award”.The requirements of milk for the dairy are met
by a network a network of over 52 diary cooperative societies (DCS).
The average procurement is over 10,000 litres/day.
Cont………..The Gaya diary has embarked on
implementation of ISO-9001 & IS0-15000Hazard analysed and critical control point
(HACCP) system in the plant operation to eventually get the international certification.
Product of sudha Sudha milkSudha curdCheasePeda KalakandMilk cakeGulabjamunGheeButterLassiMisti dahi
KEY PERSON OF THE COMPANYCHAIRMAN: SRI ANIL KUMAR, IASMANAGING DIRECTOR: SRI ATISH
CHANDRA, IASCHIEF EXECUTIVE OF GAYA DAIRY:
SRI K.K. SHARMA-IASMy guide- Mr. A. K. Pandey ((MANAGEMENT
REPRESENTATIVE)
ORGNISATIONAL STRUCTURE COMFED CHAIRMAN( MD(MANAGING DIRECTOR)
(
GM(GENERAL MANAGER)
ASSISTANT MANAGER MANAGER DEPUTY ASSISTANT MANAGER ASSISTANT MANAGER
TECHNICAL OFFICER MILK PROCUREMENT OFFICER FODDER DEVELOPMENT OFFICER EXECUTIVE MANAGER (HEAD OF BRANCH DAIRY)
PROCESSING MARKETING
EMPLOYEE OUTLET
GAYA DAIRY ORG. STRUCTURE K.K. SINHA (EXCUTIVE. OFFICER) A.K PANDEY (MANAGEMENT REPRESENTATIVE/ FINANCE DEPARTMENT) SANTOSH KUMAR(MARKETING DEP.) J. RAI( MARKETING ASST) NITISH GOSHWAMI(JR. MARKETING OFFICER) JOB ON CONTRACT: BRAJ BHUSHAN KR. NIRALA(COMPUTER IN
CHARGE) RAJU(COMPUTER OPERATOR) SUDAM (SERVICE BOY) \
VISION & MISSION VISION
Expanding leadership in business throug people, keeping pace with market
trends and technology.
MISSION BUSINESS -Lead the Industry rate of growth No. 1 in profit in Industry Global ThrustCUSTOMER- Trusted Partner Reliable & Cost effective Solutions/ services Customer acquisition/expansionEMPLOYEES- Top 3 preferred employer Learning Organization Digital wayTECHNOLOGY - Technology Excellence Introduction of new Solutions/Services World Class ProductsPROCESSES - Best in Class Organization Business & Service /Product delivery
GOVT. POLICIES RELATED TO DAIRY IND.GOVERNMENT POLICY. The various regulations that govern the dairy
processing industry can broadly be classified into: Compulsory Legislation
Prevention of Food Adulteration Act, 1954The Milk and Milk Product Order (MMPO),
1992,Export (Quality Control & Inspection) Act,
1963Other Government Regulations Import of Capital Goods
MAJOR COMPETITOR MOTHER DAIRYMother Dairy – Delhi was set up in 1974 under the
OperationFlood Programme. It is now a wholly owned
company of the National Dairy Development Board (NDDB).AMULGCMMF-It is a state level apex body of milk
cooperatives inGujarat which aims to provide remunerative
returns to thefarmers and also serve the interest of consumers
by providing quality products which are good value for money
COMPETITOR…
NESTLESince Henri Nestlé developed the first milk
food for infants in 1867, and saved the life of a neighbor’s child, the Nestlé Company has aimed to build a business as the world's leading nutrition, health and wellness company based on sound human values and principles.
STATE COMPETITORS Andaman & Nicobar Islands Integrated
Development Corporation Ltd. (ANIIDCO)Andhra Pradesh Dairy Development
Cooperative Federation Ltd.Goa State Cooperative Milk Producers’ Union
LtdHaryana Dairy Development Cooperative
Federation Ltd.Himachal Pradesh State Cooperative Milk
Producers’ Federation Ltd.
GOALS OF THE COMPANY..-GOALS FOLLOWING ARE THE GOALS OF THE COMFED- 1- To help the poor farmer in the development of their life. 2- To help poor farmer in their economic condition. 3- To develop the rural area in Bihar state. As for example
helps the people during the natural calamities. 4- Providing the vaccines for the cattails to the farmer.To give maximum profit to the farmers.
FINANCIAL STATEMENT ANALYSISRATIO ANALYSIS-an analysis of financial
statement is the process of critically examining indetail accounting information given in the financial statement.
Current ratio-2:1Quick ratio/acid test ratio-1:1Gross profit RatioNet profit RatioAsset turnover ratio
UTILITY OF RATIO ANALYSIS It’s a tool which enables the banker or
lender to arrive at the following factors Liquidity position Profitability Solvency Financial Stability Quality of the Management Safety & Security of the loans &
advances to be or already been provided
1-Apr 2007 to 31-Mar 2008 -RATIO ANALYSISPrincipal
Groups Principal Ratios
Working
Capital
1,72,31,056.
94 Dr Current Ratio 2.82:1
Cash-in-
hand
72,439,62
Dr Quick Ratio 0.29:1
Bank
Account
73,68,766.6
2 Cr Debt/ Equity Ratio 0.35:1
Bank OD
A/c0.00Cr
Gross Profit % 9.95%
Sundry
Debtors
13,51,688.6
9 Cr Nett Profit % 3.61%
Sunndry
Creditors
27,81,725.6
9 Cr Oprating Cost % 96.40%
Sales
Accounts
15,08,26,74
1.76 Cr Recv.Turnover In days 58.55days
Purchase
Accounts
13,43,65,51
5.47 Dr Return on Investment % 13.04%
PROFIT & LOSS A/C
1APR 2008 TO 31 MAR 2009 PARTICULARS PARTICULARS OPENING STOCK 76,37,944.12 SALES ACCOUNTS 15,08,26,741.76 PURCHASE ACCOUNTS 13,43,65,515.47 CLOSING STOCK 1,92,17,369.68 DIRECT EXP- 1,30,40,797.57 17,00,44,111.44 17,00,44,111.44 GROSS PROFIT 1,49,99,854.28 GROSS PROFIT b/f 1,49,99,354.28 INDIRECT TEX- 97,59,432.39 INDIRECT INCOMES 1,97,563.17 NETT PROFIT 54,37,985.06
TOTAL 1,51,97,417.45 TOTAL 1,51,97,417.45
Balance Sheet as on 1 APR 2008 TO 31 march2009
Liabilities Assets
Capital Account
3,62,68,969.45
48.3% Fixed Assets 2,24,51,495.68(29.9%
Loan(Liability)
1,45,26,354.19(
19.3% Investment 1,75,91,151.00923.4%
Current Liabilities
94,66,849.89(1
2.6% Current Assets 2,66,97,906.83(35.5%
Branch/Division
1,47,19,053.03(
19.63 Profit &Loss a/c 82,40,673,05(10.9%
Total
7,49,81,226.56(
100% Total 7,49,81,226.56(100%
Limitations of ratio analysisLimited use of a single ratio Effect of inherent limitations of
accounting Lack of proper standards Window Dressing Personal Bias
Relevent industriesFrom the point of suppliers viewMilk plant and realted machineryPacking Material for Milk and Milk ProductsOffice Stationery & Other Consumables
From the point of business associates view
Milk ProducerRetailer of Milk & Milk ProductsDistributor of Milk & Milk ProductsBulk Purchaser of Milk and Milk ProductsTransport Contractor
From the point of service providers viewRepair and Maintenence of Milk Plant and
AccessoriesRepair & Maintenence of Office EquipementCivil Work Contractor
MY LEARNING & EXPERIENCEIt is very important in organisation to have
clarity of roles and unity of command. I observed that this feature was not focused upon in branch after an organisatinal restructuring. Employee at the branch was not very clear about the reporting mechanisms, the flow of command and formal authority. This had an negative effect on employee moral irrespective of the leadership. Impact on entry level employee was the most, they ended up being frustrated because unclear authority and command.
FINDINGS & SUGGESATION In this study I find out many things such as:- 1- The total profit of the union during the year 2006 was amounted to
Rs.1, 89, 74,616 compare to Rs.2, 76, 23,125 over the previous year. 2- For the year ended 31st march 2006 the union is giving accumulated
reserves of Rs.6, 45, 34,996. 3- The level of working capital maintained by the union is adequate to
meet the short term liquidity position of the union. 4- The short term working capital requirements were meet from internal
sources, cash credits and inter union borrowings. 5- The union has its own policies and procedures and regarding its
financial transactions.
CONT…6- The union follows the optimum capital
structure policy. 7- During the year 2006-7the loans taken by
the COMFED is amounted to Rs.212059056. 8- The net profit earned by the COMFED for
the 2006-7 year is amounted to Rs.2, 76, 23,125.
SUGGESTION
The following limitations are found in COMFED:- 1- Direct interaction with the company officials is very difficult and
sometime impossible due to their time constraints and hence primary data found to be insufficient.
2- Due to the time provided by the organization to conduct our project was
limited. It was sufficient for us to collect more information about the topic. 3- Organization was not leak out their actual data/information, as it may be
advantageous to the competitors. 4- The time provided was insufficient to cover all the departments of the
union. 5- Constraint of time due to busy schedule due of organizational personnel.
CONCLUSIONSudha is top in the list among different brand in Gaya.Most of customer prefers Sudha’s product than other. Share of sudha is increasing very gradually and it is good
sign for the Sudha company. sudha is not properly aware of the promotional
activities regarding Product. Due to electricity break down problem in Gaya effects the
Sudha’sproduct or other’s product very much especially in summer seasons.
CONT..Best season for Sudha’s product is the time of
festival like Durga puja, Dipawali, id,bakrid,Holi. In the Gaya the sale of Sudha’s milk, chease is
very high because of marriage ceromony. 11. In the month of May and June the school,
colleges are usually closed in this period so, the sale of Sudha Ice-cream is
goes decreasing in this period.
Thank you