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SARVOTTAM DAIRY
CHAPTER:-1
GENERAL
INFORMATION
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SARVOTTAM DAIRY
1.1 COMPANY PROFILE
Company :- Shree Bhavnagar District Co-operative Milk Producer’s
Union Ltd., SARVOTTAM DAIRY
Founded :- 21st November, 2004
Registration :- 27th June, 2001
Registered no. :- REDG / 28701
Founder :- 1. Mr.H.R.Nandva and
2. Mr.M.P.Pandya
Type of Business :- Co-operative Union
Headquarter :- Sarvottam Dairy,
Bhavnagar-Rajkot Highway road, Shihor.
Chairman :- Mr. Mahendrabhai Panot
Key peoples :- 1. Mr. H.R.Nandva (The M.D. & G.M.)
2. Mr.M.P.Pandya (The Joint G.M.)
Competitors :- B.D.P.L. and SUGAM
Area of operation :- Local Level (Limited up to Bhavnagar District)
Employees :- Only 83 employees are There
Products :-Milk, Butter and Butter milk
Source of raw material :- From Buffalos and Cows of the District
Annual turn over :- 5,00,00,000 Liter Milk, 1,80,00,00,000 Rs. (2010-2011)
Net profit :- 28,69,768Rs. (2010-2011)
Future plan :- Sweets, Cheese, Chocolates, Ice-cream etc.
Objective :- Reduction of Privatization by Increase in Co-operation
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SARVOTTAM DAIRY
1.2 INTRODUCTION
Sarvottam Dairy was established in 21st November, 2004 by The Bhavnagar District co-
operative Milk Producer’s Union Ltd. under the Regd. No Sec. REDG/28701 and Regd Date 27-
06-2001 at present Mr. Mahendrabhai Panot is the chairman of Sarvottam Dairy. The dairy
was started with few employees. At present, the dairy has 83 employees. It is producing milk and
buttermilk products.
The Head Office and Plant of Sarvottam Dairy is Located at Bhavnagar Highway Road, Sihor. It
is a unique dairy in Sihor a very lovely greenish atmosphere in 20 acres. Sarvottam Dairy was
concern with Uttam Dairy Ahemdabad. It has an E.T.P facility. It has ISO 9001:2000 Marko.
The main objective of Sarvottam Dairy is to decrease privatization and increase co-operation.
They want to give most benefits to the rural area and want to develop rural area. They want to
take revolution as Amul Dairy has given.
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SARVOTTAM DAIRY
1.3 THE HISTORY OF SARVOTTAM DAIRY
In 1974, Gujarat Dairy Development Corporation (G.D.D.C) had established Bhavnagar
dairy, which was running by The Bhavnagar Milk Union. Bhavnagar Dairy was selling milk and
ghee in the Bhavnagar district by the brand name “Sauras”. By co-operative members of the
district sell their milk to the Union and after the processing on the milk they sold it under the
name of Bhavnagar dairy. In the year 1989 the highest milk is purchased from the co-operative
members is 42500 liters and they sell all the purchased milk to the different areas of the districts.
But somehow the years are passes the dairy’s production is going to the down. And after some
crises government close the Bhavnagar Dairy on the date of 24/12/1999.
The Union was also enabling to do anything for the crisis of Bhavnagar dairy. When the Union is
established in 1974 they take the responsibilities to solve the problems of their co-operative
members, but somehow there are no action taken by them or may be there are not proper
response from the government to save the Bhavnagar dairy and to help the small milk producers
will.
Because of Bhavnagar dairy’s crises the producers of milk of the whole district are comes into
financial crises because they hadn’t any option to sell their milk. After sometime the producers of
the milk made a meeting in Jilla Panchayat’s ground and the majority of the producers give the
responsibilities of reestablishment of Union to Mr. H. R. Nandva and Mr. M. P. Pandya. With the
support of the political bodies like Mr. Rajendrashinh Rana and Mr. Mahendrabhai Panot of
Bhavnagar district. Mr.H.R.Nandva and Mr.M.P.Pandya send an application to the Gujarat Govt.
for the reestablishment of Union in the district. But on the temporary basis government thigh up
producers of milk of Bhavnagar district with the Uttam Dairy, Ahemdabad. And government also
form a government body under the president ship of Mr. V.C.Joshi to take care the
responsibilities of Bhavnagar districts producer and Uttam Dairy, and work as mediator between
these two.
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SARVOTTAM DAIRY
1.4 SIZE AND NATURE OF UNIT
.
There are three types of industry.
I. Small Scale Industries
II. Medium Scale Industries
III. Large Scale Industries.
According to the industrial policy 1991, on the bases of investment, type (size) of industry can
be explained as follows:
Type Investment
Small Scale Unit less than Rs.75 lacks.
Medium Scale Unit Rs.75 lacks but not more than 100 lacks.
Large Scale Unit exceeds Rs.100 lacks.
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SARVOTTAM DAIRY
Bankers of the dairy:
A. Bhavnagar District Co-operative Bank, Bhavnagar.
B. I.D.B.I. Bank, Bhavnagar.
C. State Bank of India, Sihor.
Auditor:
Mr. Jagdishbhai Mehta.
(Charted Accountant)
Selection of a suitable form of organization to a very important phenomenon is very necessary. A
businessman has to select a suitable form of business organization according to his requirements
and availability of managerial personnel.
Depending upon the ownership of business, the business organization can be classified into three
forms and three forms are presented hereby.
1. Public Ltd.
2. Private Ltd.
3. Company in Corporation
The Sarvottam dairy is co-operative company. Because here, all the co-operative societies are the
main and basic part of this dairy. All the co-operative societies are made by co-operative
members.
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SARVOTTAM DAIRY
1.5 MANUFECTURING PROCESS OF MILK
Manufacture process plays a very important role for making any product. A product can become
finished goods only when it has gone under a several procedure. We have to take up most care of
it.
Every firm or unit tries that its manufacturing process is simple, short less costly and less time
consuming. The sarvottam dairy tries to make its products by latest technology and with good
quality of raw material.
Sarvottam Dairy is a consumer goods production sector. Milk is essential ingredient in our life.
In Every stage of life milk is useful to develop and maintain our body.
The whole process of manufacturing milk and other products of milk in the sarvottam dairy are
very simple. But, it is time consuming and very costly. The following are different stages of
manufacturing the different category of milk.
The whole process of milk can be charted out as under.
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SARVOTTAM DAIRY
1.6 The Process of Getting Milk
Page 8
Grading (Testing)
Chilling
Milk Tank (Storage)
General sampling
Standardization and separation
Pasteurization
Store in process tank
Receive milk from co-operative Society of milk
Packaging
Dispatch to Distributor
SARVOTTAM DAIRY
The process can briefly mentioned as under,
Received milk from members of co-operative society:
Basically the Union itself says that it is a joint effort of the milk producers. There are 10 routs of
milk producers. These routs are covering almost all the villages of milk producers. The dairy
only accepts the milk from that producer who is its member in co-operative society. Jesar,
Gadhada, Timana, Neswad, Tarsara, Vallbhaipur, Goriyali, Gopnath, Bagdana, and Mahuva
these are the routs and every route allotted specific time for carrying down their milk to the dairy.
Milk Tank:
In the milk tank they storage the milk for the process. The milk gets the steady temperature in the
tank before the process is starts. We can also say that the different process on milk is starts from
this tank.
Taking general FAT and S.N.F.:
The dairy do the FAT and Solid Net Fat (S.N.F.) test for the payment to co-operative members
because as the FAT and S.N.F. high the member get higher amount of his milk. The part of FAT
in the milk is getting to know by using the “SULPHURIC ACID”. And because of heat the FAT
part is come out in the liquid form. After that a “SANTRIFUSE” is come out which is measured
by “LITEROMETER”.
S.N.F. is measured by using “LACTOMETER”. In the boiled milk they put the lactometer in the
milk and after using the formula given below they get to know about S.N.F. figure;
S.N.F = LACTOMETER NUMBER +0.21 FAT + 0.36
4
There is a certain standards are there for S.N.F. and FAT. They are,
The milk of buffalo must contain 6% S.N.F. and 9% FAT
The milk of cow must contain 8.5% S.N.F. and 3.5% FAT
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SARVOTTAM DAIRY
Standardization:
There are certain standards are set for the milk. Each standard have their own S.N.F. and FAT. It
is then decided that what should be the price of the milk. There are four standards,
Full cream: This standard contains 6% FAT and 9% S.N.F. this is the highest or rather say very
good standard.
Standard : 4.5% FAT and 8.5% S.N.F containing in this standard. This is a general standard.
Toned: This standard contains 3% FAT and 8.5% S.N.F.
Double toned: This standard contains 1.5% FAT and 9% S.N.F.
Pasteurization:
On the name of the founder of this process it is called pasteurization. Louie Pasteur is the founder
of this method. He found this process to save the liquor of king from the spoiling out. To save the
milk from the bacteria they boiled the milk on certain temperature and quickly down the
temperature.
In the old process they emptied the milk into big utensils and after that they boiled the milk up to
63 degree Celsius temperature for 30 minutes and after that they cool down the temperature for
30 minutes. This method is very time consuming and improper.
In the modern era the H.T.S.T. method is used for pasteurization. H.T.S.T. means high
temperature short time method. In this method they boiled the milk up to 72 degree Celsius for
16 seconds and after this they quickly level down the temperature up to 5 degree Celsius.
They use “GASKET PLATES” for these methods. Gasket plates are adjusted by a specific way
that the milk is passing from one gasket to another gasket. The first gasket had hot water in its
both the side and the milk is in the middle plate so because of heat from the both the side the
milk is boiled out up to 72 degree Celsius and after 16 seconds milk is pass to another gasket
which contain cold water in its both the side here the temperature of milk is level down to 5
degree Celsius.
Test of Pasteurization: Because of pasteurization the milk is become bacteria free. To see that the
milk is free from bacteria or not there is one test namely “PHOSPHATE TEST”. In this test they
set the temperature on 72 degree Celsius. On 72 degree Celsius all the bacteria is fade away and
also phosphate enzyme is fade away from the milk. After that they do a test for phosphate
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SARVOTTAM DAIRY
enzyme if the phosphate enzyme is still there in the milk the color of milk is become yellow
which shows that the pasteurization is not done properly and if there is no change in the color
than it is proved that the milk can use for the general purpose.
Packaging:
For the packaging they use the machine of R.M.C.Packaging System Pvt. Ltd. It costs more than 50,000
Rs. The machine can fill 160 pouch of milk in a minute. There are two machines in the dairy for the
packaging and the machines are fully automatic, once you set the program and there is rarely any problem
arises.
Dispatch:
There are total 31 distributors in the district. From the 31 distributors 17 distributors are only in
Bhavnagar city and rest of the distributor are in the different Taluka. The distributors’ vehicles come to
the dairy in the early morning and they get their carats of milk as per requirement. The distributor must
book their order before the evening of previous day, and then they get the milk in next morning.
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H R MANAGER
MARKETING MANAGER
PRODUCTION MANAGER
FINACEL MANAGER
HEAD OF ENGINEER DEPARNEMT
C.D. OFFICER Quality Officer
Preepeak Operator
Plant Operator
Dock supervisor
C.D. Supervisor
Account Offi.
Clerk
Electrician
Helper
Workers Workers Workers
MANAGING DIRECTOR(Mr.H.R.Nandva)
BOARD OF DIRECTORS
GENERAL MANAGER(Mr. H.R.NANDVA)
JOINT GENERAL MANAGER(MR.M.P.PANDYA)
Com. Operator
Store keeperBoiler Operator
Refrigerator Operator
Laboratory Ass.
CHAIRMAN(MR.MAHENDRABHAI PANOT)
SARVOTTAM DAIRY
1.7 ORGANIZATIONAL STRUCTURE
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SALESMAN
Workers Workers
SARVOTTAM DAIRY
1.8 OBJECTIVES
The Sarvottam Dairy is a best dairy with bright future prospects. The dairy has an excellent management
qualified techniques' it has been achieving good reputation the dairy has no doubt bright future' its
management is Progressive' The Sarvottam Dairy is making milk & buttermilk products' The Sarvottam
Dairy is satisfying needs of consumers' From the be ginning, Sarvottam. Dairy has .one of the unique
features of having complete production facilities. it has laboratory and engineering department separator,
Machines , Cold storage facility, An ETP plan, electric fate machine, garbar machines, generator,
condescend etc.
The Main Objectives Are,
» Development of rural areas
» To increase co-operation
» Decreasing privatization
» Commitment to excellent
» continuous updating technology
Sarvottam dairy is having good goodwill in market. And its selling is also very good. But they should
increase advertisement, so that they can make their marketing powerful.
Now a days ,the Sarvottam dairy is only one dairy in Gujarat which gives milk rate Rs 300.allthe
competitors of Sarvottam dairy has closed down but even though they have to keep more concentration on
selling of their products.
The Sarvottam dairy is giving medical facility to all the animals of Bhavnagar district.
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SARVOTTAM DAIRY
CHAPTER:-2
RATIO
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SARVOTTAM DAIRY
2.1 INTRODUCTION
Ratio analysis is one of the analytical method of specified the inter relationship between a set of
relate figures. It is expressed in percentage, times and in ratio such as 1:1, 2:1 etc. The financial
statement is prepared and presented annually are of little are guidance to prospective investors,
creditors and even management. If the relationship between various related items given in the
trading account, profit and loss account, profit and loss appropriation account and balance sheet
can be established them they can provides useful clues to measure accurately the financial
health and ability of business to make operating profit. A ratio is therefore one number
expressed in terms of another, the ratio shows the trend of the financial profit and profitability of
the enterprise. They help in forecasting the future trends.
“Ratio is an expression of quantitative relationship between two related items of financial
statement”
Financial ratio is key pointer to any company’s performance. While absolute values help judge
the performance a particulars parameter form a comparative static point, ratio helps analyze
performance from a dynamic stand point.
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SARVOTTAM DAIRY
2.2 METHODS OF RATIO’S ANALYSIS
Ratio classified in to two types
A. Traditional classification
B. Functional classification
[A]. TRADITIONAL CLASSIFICATION :-
The traditional classification also divided in to three groups’ category. It is also called group
analysis which figures are taken from the balance sheet of the unit.
(A)Revenue statement :
These are the ratio basis of item taken from revenue statement. e.g. Profit and loss account, net
profit. Ratio is computed by dividing net profit by sales. These both the item profit and sales are
item appearing in profit and loss account.
(B) Balance sheet ratio:
When two item or group item of appearing in the balance sheet are compared the ratio so
obtained is a balance sheet ratio, E.g. Ratio establishing relationship between the current assets
and current liability is a balance sheet ratio.
(C)Composite ratio:
A ratio showing relationship between one item of balance sheet and other from the profit or loss
account is a composite ratio or a combined ratio know as balance sheet and revenue statement
ratio a return on capital employed and it is a composite ratio.
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SARVOTTAM DAIRY
[B]. FUNCTIONAL CLASSIFICATION :-
Ratio are also grouped in accordance with certain test and on this bases, there are four categories
of ratios.
(A) Liquidity ratio:
It is very important information about the liquidity of the unit or the industry whether the unit is
capable to meet the short term obligation from its short term resources. E.g. Current ratio show
the capability of a firm to meet it current liabilities as and when they mature E.g. (1) Current ratio
(2) Quick ratio (3)Acid test ratio.
(B) Profitability ratio:
There are number of ratio shows the profitability of the business and are grouped into the
category of profitability ratio (1) Gross profit (2) Net profit ratio (3) Expense ratio (4) Operating
ratio (5) Return on capital employed ratio (6)Return on shareholder’s fund ratio (7) Debt
coverage ratio.
(C) Leverage ratio:
These ratios give information about the proportion of owner’s capital and capital. Which
borrowed from the outsiders is reflected by leverage ratio. For Ex. Preference capital and
ordinary capital is leverage ratio (1) Proprietary ratio (2) Debt equity ratio (3) Gearing ratio (4)
Fixed assets ratio.
(D) Efficiency ratio:
These ratio shows effectiveness use of resources in the business. It also shows the efficiency of
the manager E.g. (1) Stock turnover ratio is an active ratio showing the number of time the
average stock is turnover during the year (2) Debtors turnover or ratio (3) Creditors or turnover
ratio (4) Total assets turnover ratio (5) Fixed assets turnover ratio etc.
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SARVOTTAM DAIRY
2.3 CLASSIFICATION OF RATIO
NO. RATIOS USEFULNESS
A.
1.
Revenue statement
G.P. ratio
To know whether selling price has been properly fixed and to know the profitability
2.
Net profit ratio To have an idea of an profitability
3. Operating
To ascertain the extent of operating expense
4. Expenses ratio To know the proportion of each type of expenses to sales
5.
Stock turnover
To know the efficiency of sales
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SARVOTTAM DAIRY
B. Balance sheet ratio
6. Current ratio To know the liquid position of the working capital position of the business
7. Liquid ratio To have better idea of the liquid position of the business
8. Acid test ratio To know whether the firm will be able to pay current liabilities immediately
9. Proprietary ratio To ascertain the proportion of owner fund in the total fund employed
10. Debt equity ratio To know the proportion of long-term liabilities in relation to owners funds.
11. Gearing ratio To know the proportion of fixed dividend (or interest) bearing securities to equity capital
12. Long term funds to fixed assets.
To see whether are fixed assets have been purchase form the long term funds
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SARVOTTAM DAIRY
C. Composite Ratio
13. Return on capital employed
To know the profitability of business.
14. Return on shareholder’s funds
To know the profitability from the view point of shareholders.
15. Return on equity share capital
To know the profitability form view point of equity shareholders.
16. Debtors ratio To know the average period of credit to ascertain the efficiency of credit department.
17. Creditors velocity To know the average period within which we make payment for credit purchase.
18. Total assets turnover
To know the efficiency with which total assets are utilized in the business.
19. Debt service coverage ratio
To know how many times the profit covers the amount payable towards principal installment and yearly interest.
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SARVOTTAM DAIRY
CHAPTER:-3
RATIO ANALYSIS
3 .RATIO ANALYSIS
3.1 PROFATIBILITY RATIO:
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SARVOTTAM DAIRY
3.1.1 GROSS PROFIT RATIO:
It is ratio expressing relationship between gross profits earned to net sales. It is a
useful indication on the profitability of business.
The gross profit margin reflects the efficiency with which management produces each
unit of product. This ratio indicates the average spread between the COGS and the sales
revenue.
Gross Profit ratio = Gross Profit / sales
= Sales – Material Cost – Manufacturing Cost/Net Sales * 100
= 94, 45, 88471 – 62, 88, 15470- 14, 98, 30265/ 94, 45, 88471*100
= 17.56%
Comments:
There is minor change in the gross profit margins of the company as it has remained almost
same as compared to the last year’s ratio.17.56 %
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Years Gross Profit Sales
2011 16,21,68,200 92,68,54,962
2012 16,59,42,736 94,45,88,471
SARVOTTAM DAIRY
3.1.2 NET PROFIT RATIO :
The ratio is valuable for the purpose of ascertaining the overall profitability of business and shows the efficiency or other wise of operating the business. It is the reserve of the operating ratio.
It indicates management efficiency in manufacturing, administering and selling the products. It also indicates firm’s capacity to withstand adverse economic condition.
Profit ratio = PAT / Net Sales*100
= 7, 37, 02704 / 94, 45, 88, 471*100
= 7.80%
Comment:
The net profit margin of the company has reduced may by 1% in comparison to last years profit margin of 7.80 % due to hike in oil prices, raw material prices and other such expenses.
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Year Net profit Net sales
2011 77,541,866 92,68,54,962
2012 73,702,704 94,45,88,471
SARVOTTAM DAIRY
3.1.3 MATERIAL COST RATIO:-
It is ratio showing relationship between material cost and net sales. It show’s the
efficiency of the management.
Material Cost Ratio = Material cost / Net Sales * 100
= 628,815,470 / 94, 45, 88, 471*100
= 66.57 %
Comment:
This ratio show’s company’s organization efficiency about the production to selling process, 2012 which is situated at 66.57 %
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year Material Cost Net sales
2011 574,418,860 92,68,54,962
2012 628,815,470 94,45,88,471
SARVOTTAM DAIRY
3.1.4 EXPENSES RATIO:-
It is ratio showing relationship between expenses and net sales. It shows the efficiency
of the management.
Material Cost Ratio = Material cost / Net Sales * 100
= 841,663,488/ 94, 45, 88, 471*100
= 89.10 %
Comment:
This ratio show’s company’s organization efficiency about the expenses to net sales, 2012 which is situated at 89.10 %, it is very high.
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year Expenses Net sales
2011 836,269,806 92,68,54,962
2012 841,663,488 94,45,88,471
SARVOTTAM DAIRY
3.2 LIQUIDITY RATIO:
3.2.1 CURRENT RATIO:
This most widely used ratio shows the proportion of current assets to current
liabilities. It is also known as working capital ratio. At it is a measure of working capital
available at a particular time.
Current Ratio, in a way, is a measure of margin of safety to the creditors. The higher
is the current ratio, the larger is the amount of rupee available per rupee of current liabilities.
Current Ratio = Current Assets / Current Liabilities
= 82, 82, 10595 / 242,758,559
= 3.41 : 1
Comment:
The standard current ratio is 2:1; the actual ratios of SARVOTTAM DAIRY in all the years. are low which indicates that the current asset to pay current obligation is in very low proportion.
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Year Currents Assets Current liabilities
2011 592,390,492 172,815,171
2012 828,210,595 242,758,559
SARVOTTAM DAIRY
3.2.2 QUICK RATIO :
It is a measurement of firm’s ability to convert its current assets quickly into cash
in order to meet its current liabilities.
Quick Ratio = Current Assets - Inventory / Current Liabilities
= 82, 82, 10595 – 25, 23, 01172 / 24, 27, 58559
= 2.37:1
Comment:
The quick ratio enables us to understand that even if the co. is not able to sell
its inventories in Current year , and have to pay all its CL, the co. wont find it difficult
to repay all CL as the other CA except inventory are sufficient to meet up the CL.
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Year Quick Assets Current liabilities
2011 36,99,98,512 172,815,171
2012 57,59,09,423 242,758,559
SARVOTTAM DAIRY
CHAPTER:-4
SUGGESTION
&
CONCLUSION
4.1SUGGESTIONS
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SARVOTTAM DAIRY
After making this project I would like to give some suggestions to SARVOTTAM DAIRY.
The suggestions are as mentioned below.
The net profit ratio is low as compared with selling and investment. So, company should
try to get more income by proper planning and utilize funds properly.
The total expenses ratio is not very high. Company is going to make more profit by
decreasing expenses. So, the firm should try to sales more and more.
The company’s current ratio is very low with comparison of standard ratio. So, the
company should maintain this ratio by increasing its current assets.
Liquid ratio is also low with the comparison of standard ratio. So, the company should
increase the liquid assets.
Acid -test of the company is increasing their quick assets. So, the company is more
comfortable.
Proprietary ratio of the company is very low with comparison of standard ratio. So, I am
suggesting that the company should increase their proprietary fund by issuing the shares.
Long term fund to fixed assets is very low. So, the company should invest more money in
fixed assets.
Debt equity ratio is very low. So, the SARVOTTAM DAIRY should decrease the debt
funds and increase owners’ capital.
Return on capital employed ratio is very good with the calculation of average capital
employed. So, the company should also maintain this ratio for long period of time.
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SARVOTTAM DAIRY
4.2 CONCLUSION
During my industrial training in SARVOTTAM DAIRY, I had a great opportunity to meet
experienced people in all the department finance, H.R. and marketing. All the accounting
ratios studies over preceding pages, clearly give picture of the performance over three years.
All ratios like net profit ratio, expenses ratio current ratio liquidity ratio, acid text ratio,
proprietary ratio, long term funds to fixed assets ratio, debt-equity ratio, return on capital
employed ratio, debtors turn over ratio etc. all proves that the performance of SARVOTTAM
DAIRY is highly satisfactory and the further, future planning would prove that the company
would be still in better condition.
This training gives me an insight into practical world of management. Moreover, I come to
know about the new strategy of finance so that successfully managed. It is well set up and
modernize and also fast growing unit. The prospect of the company is very bright. I am proud
to get training in such a nice firm.
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SARVOTTAM DAIRY
CHAPTER:-5
BIBLIOGRAPHY
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SARVOTTAM DAIRY
5.1 BIBLIOGRAPHY
Reference Books And other people:
A. FINANCIAL MANAGEMENT
Edition :- 4th Edition
Authors :- Prin.T.J.Rana and Prof. Naresh Jain
Publisher :- B.S.Shah Prakashan
.
B. ILESHBHAI PATEL
Account Manager
Financial Department
Sarvottam Dairy
Sihor.
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SARVOTTAM DAIRY
CHAPTER:-6
BALANCE SHEET
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SARVOTTAM DAIRY
6. BALANCE SHEET
Sources Of Fund. No Amount (Rs) As 31st
March 2012Amount
(Rs)As 31st
March 2011
1. Shareholder Fund.
(a) Share Capital [1] 128,133,000 119,785,500
(b) Reserves & Surplus [2] 450,607,729 578,740,729 333,582,430 453,367,930
2.Loan Fund
(a) Secured Loans [3] 223,494,568 236,075,623
(b) Unsecured Loans [4] 32,923,827 256,418,395 21,614,528 257,690,151
TOTAL 835,159,124 711,058,081
Application of Funds
1. Fixed Assets [5]
(a) Gross Block 388,703,193 364,284,586
(b) Less: Depreciation 134,554,842 103,218,986
(c) Net Block 254,148,351 261,065,600
(d) Capital WIP 31,307,438 27,430,681
285,455,789 288,496,281
2. Current Asstes, Laons & Advances.
(a) Inventories [6] 252,301,172 222,391,980
(b) Sundry Debtors [7] 450,376,337 311,769,625
(c) Cash & Bank B/S [8] 25,281,698 24,273,408
(d) Loans & Advances [9] 100,251,388 33,955,479
828,210,595 592,390,492
Less Current Liabilities and provisions.
[10]
(a) Current Liabilities 195,949,104 124,406,290
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SARVOTTAM DAIRY
(b) Provisions 46,809,455 48,408,881
242,758,559 172,815,171
Net Current Assets 585,452,036 419,575,321
3. Deferred Tax/Liab.. (35,832,971) (13,542,350)
4. Miscellaneous Exp. [11] 84,720 16,528,829
Total 835,159,124 711,058,081
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SARVOTTAM DAIRY
PROFIT & LOSS ACCOUNT
Particulars No Amount (Rs)
Amount(Rs)
2012
Amount (Rs)
Amount (Rs )
2011
INCOME
Sales 944,588,471 926,854,962
Other Income [12] 2,764,516 5,156,710
947,352,987 932,011,672
EXPENDITURE
Material Cost [13] 628,815,470 574,418,860
Mfgring & Other Exp. [14] 149,830,265 190,267,902
Interest/Fin Charges [15] 33,412,705 38,578,037
Depreciation 29,605,048 841,663,488 33,005,007 836,269,806
Profit Before Tax 105,689,499 95,741,866
- Prov For IT -Current
9,000,000 12,085,000
-Deferred 22,290,621 6,115,000
PROFIT AFTER TAX 73,702,704 77,541,866
Add B/s Brght Forward 232,376,046 190,327,893
B/s Available 303,888,750 257,869,759
APPROPRIATIONS
(a) Proposed Dividend 12,813,000 17,973,000
(b) Dividend Tax 1,797,065 2,520,713
(c) Transfer to Gen Res 5,000,000 5,000,000
Balance Carried to Balance Sheet
284,278,385 232,376,046
303,888,750 257,869,759
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SARVOTTAM DAIRY
Basic & Diluted Earning Per Share
5.75 6.47
(Equity share of face value of Rs10/- Each)
Number Of Share
Basic & Diluted 12,813,300 11,982,000
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