A practical study is an important part of the syllabus of a BBASecond Year program. It gives us an opportunity to relate practical knowledge with real corporate situation. It also helps to improve our analytical skill, communication skill and knowledge. We have done the project on industrial training of AMUL DAIRY. This project is totally based on secondary data. We have gathered information about marketing department, finance department, human resource department and other organizational processes from the company itself and from the internet. In this project, we have tried to analyze financial situations in context of ratios and different organizational processes of AMUL DAIRY.



Practical training is one of the most important requirements in B.B.A.through this acknowledgement, we express our sincerer gratitude towards all those people helped in the preparation of this project, which been a leaning experience. We are thankful to owners of the company and management for spending his valuable time with me and providing necessary information required. We are also thankful staff for their cooperative behavior. We are also thankful to our college authorities for conducting this training I would sincerely thank our principal SHRI K.M CHUDASAMA & Prof. MR. VIPUL PATEL for imparting us and opportunity to put us In the stream of practical management. We would also like to thank our prof. for their support.

Thanking you, Fy b.b.a -b Roll no.-124,102,79



Name of the company:Kaira District Co-operative Milk producers Union Ltd. Or Amul Dairy.

Address:Kaira District Co-operative Milk producers Union Ltd. Station Road, Anand – 388001

Date of the establishment:14th December, 1946.

Size of co-operation:Large- scale co-operation

Goal:The main goal of the Amul dairy is to provide employment & provide milk and production item to the people.

Brand Name:AMUL


Number Of Production Units:5- Anand, Mogar, Khatraj. Pune, Calcutta

The main by years were milk traders of Polson limited a privately own company as enjoy monopoly for supply of milk from kaira to the govt’s milk scheme Bombay. about 8 km south of Anand. the union set up a plant to manufacture high protein weaning food. It was formally on December 14th. Thus was born the Kaira District Co-operative Milk Producer’s Union Limited. In 1947. chocolate & malted at major. In 1958. At the request of manufacture 40 tones milk power 720 tones of butter a day was completed in 1963. The farmer appealed to Sardar Patel a great leader at India freedom movement for help Sardar Patel advice them to market the milk through a cooperative of their own. the plant was expended to manufacture sweetened condensed milk. Due to the milk through strike by kaira farmers for 15 days not a drop of milk was sold to the traders. The Bombay milk scheme was assessor the situation & farmer’s demand. HISTORY & DEVELOPMENT It began with a farmer in Kaira District as elsewhere in India. Derived his income almost entirely form seasonal crops the income form milk as paltry 4 could not be dependent upon. 6 . The Bombay milk scheme was sold to the traders. Anand. 1946.

Bank of Maharastra Bank of Baroda 7 . Bank Ltd. MANAGEMENT BODY Post of the man chairman Vice-Chairman Directors Name Shri Ramsinh Prabhatsinh Parmar Shri Gordhanbhai Ashabhai Patel Shri Shivabhai Mahijibhai Parmar Shri Magenbhai Gokalbhai Zala Shri Navinbhai Ranchodbhai Patel Shri Previnsih Fulsinh Solanki Shri Previnbhai Maganbhai Patel Shri Bhaijibhai Amarsinh Zala Shri Somabhai Raijibhai Solanki Shri Raijibhai Devjibhai Patel Smt.Saraben Bharatbhai Shri B.Madhuben Dhamasinh Parmar Smt. Corporation Bank State Bank of India UTI Bank Ltd. Vyas Shri Rajitbhai Kantibhai Patel District registar Shri Rahul kumar Managing Director  BANKERS & AUDITORS Bankers:      The kaira District central co-op.M.

Auditors:Special Auditors (milk) Milk Audit office.  ORGANIZATION CHART Management director General Manager Assistant General Manager Manager Manager Officers Superintendent Manager (finance) Officers Officers Clerks Clerks Clerks Peons Peons Peons 8 . Anand.


Amul’s Industrial products:⇒ ⇒ ⇒ ⇒ ⇒ Cocoa butter Cocoa powder Cocoa mass Casem Casein • BREAD SPREADS 10 .1.Amul’s consumer products:⇒ Pestenized milk ⇒ Cheese ⇒ Butter ⇒ Amul’s whole milk powder ⇒ Condense milk ⇒ Amul baby food ⇒ Amul cheese ⇒ Amul’s nutremul ⇒ Amul lite ⇒ Amul dan (Cattle food) 2.Amul chocolate:⇒ ⇒ ⇒ ⇒ ⇒ ⇒ ⇒ ⇒ Amul fruit & nut Amul orange Amul milk choconate Amul butter Amul crope Amul coffee Amul crunch Amul badambar 3.

Mother's Milk is Best for your baby a dairy in your home 11 . low Cholesterol Bread Spread Utterly Butterly Delicious Delicious Table Margarine The Delicious way to eat healthy • POWDER MILK Amul Spray Infant Milk Food Amul Instant Full Cream MilkPowder Still.Amul Butter Amul Lite Low fat.

Pasteurised in state-of-the artprocessing plants and pouch-packed for convenience. Amulya Dairy Whitener The Richest. Purest Dairy Whitener • FRESH MILK Amul Fresh Milk Amul Gold Milk This is the most hygienic milk available in the market.Sagar Skimmed Milk Powder Sagar Tea Coffee Whitener Which is especially useful for diet? Preparations or for use by people On low calorie and high protein diet. 12 .

Amul Taaza Double Toned Milk Amul Lite Slim and Trim Milk Amul Fresh Cream Amul Kool Chocolate Milk Amul Kool Flavoured Bottled Milk Amul Kool Flavoured Tetra Pack Amul Shakti Toned Milk Amul Masti Spiced Buttermilk Amul introduces the Best Thirst Quenching Drink 13 .

An ethnic product made by diaries with decades of experience... Amul Pizza Mozzarella Cheese Pizza cheese.makes great tasting pizzas! • FOR COOKING Amul / Sagar Pure Ghee Made from fresh cream.. Cooking Butter 14 .• CHEESE Amul Pasteurised Processed Cheese Amul Cheese Spreads 100% Vegetarian Cheese made microbial rennet Tasty Cheese Spreads in 3 great from flavours. Has typical rich aroma and granular texture.

best served piping hot..Amul Malai Paneer Utterly Delicious Pizza Ready to cook paneer to make your favorite recipes! • DESSERTS Amul Ice Creams Premium Ice Cream made in various varieties and flavours with dry fruits and nuts. 15 . Amul Strickland A delicious treat.. anytime. Amul Mithaee Gulab Jamuns Gulab Jamun Mix Pure Khoya Gulab Jamums.

2. Molasses section:⇒ In Molasses section Molasses is added into a how of any material at certain temperature & pressure. Cleaning section:⇒ First materials are passed through a cleaning section. ⇒ Now his mixed batch materials section. Issuing the Raw-materials:⇒ As per the formula raw materials are indented form the store section to plant section. Palletizing Section:⇒ Steam is mixed materials in feeder conditioner & passed through a pallet mills dye & Pallet form is prepared/ 16 . ⇒ Now this mixes materials is taken to the palletizing section. ⇒ Cleaning means to remove all the useless part or particles from the materials. 3. PRODUCTION PLAN 1. ⇒ Preparation time per batch 3:50 minutes ⇒ Once batch is prepared whole batch is taken to be batch mixes machine for humongous mixing. ⇒ Now form the ware house different ingredients are taken to the interning conveys one by one into the plant. Form the pre-weighing brides & catty weight & collected into a contract desk weighed. Batch preparation:⇒ As per the formula different ingredients are extracted. 4. ⇒ Store superintendent issuing different ingredients to the hopper in the warehouse. 5. ⇒ Molasses & dry materials is mixed in molasses mixer machine.

⇒ The finished product has in the invited stage a good amount of moisture to prevent the reduction of weight exess feeling is done in the since. 7. Laboratory Testing:⇒ Also at the time of packaging sample of finished product is taken into a box.800kg 70. ⇒ After 100 bags that sample box is collected by laboratory for the analysis of finished product. 8. ⇒ The average total production of 4390 MTS is achieved lay both the plants connectively.F.900 kg gross excess feeling of finished product.F Kanjari comprises of two units of plant the 1st unit is totally imparted while 2nd unit is the product of R& D department of AMUL.⇒ Now this not finished product is passed through pallet corer to costs down its temperature. Packaging Section:⇒ In packaging section finished product is packs into the gunny bags with weight gross of 71.000kg get weight product 00. 6. ⇒ Then finished product is taken to packaging section & powder or broken pallent 6 are taken to the direct mill for reprocess.900 kg gross weight of empty gunny bags.00. the loss of weightier is correspondent with the exiles product. 17 . ⇒ C. Dispatch:⇒ On the next day when analysis report comes to the despites section then finished product is dispatched to the village milk society. The multitude dries cut after some time.

 PRODUCTION PROCESS OF THE PRODUCT ⇒ FLAVOURED MILK Manufacturing Process Flavored milk Receiving of milk Standardization (fat=3%.SNF=9%) Pre-heating at 60c Addition of sugar (8%) Homogenizations at 60 c Chilling at 5 c Addition of flavor & color Botting Capping sterilization 18 .

Storage (at room temperature) Dispatch Shelf life-45 days ⇒ CURD PRODUCTION PROCESS Manufacturing Process for plain curd milk Add SMP & sugar Heat to 80c for 17 seconds Add culture Filter Fill in cups 19 .

Incubate at 380 for 4 hrs (Acidity 0.63% to 0.8%la) Stare under refrigeration Cool to 150c ⇒ SWEETEMED CURD PRODUCTION PROCESS Manufacturing Process for plain sweetened curd milk Add SMP & sugar 20 .

Heat to 80c for 17 seconds Add culture Filter Fill in cups Incubate at 380 for 4 hrs (Acidity 0.8%la) Cool to 150c Stare under referigeration ⇒ BUTTER PRODUCTION PROCESS 21 .63% to 0.

cream testing add color in butter churning to get butter milk washing Moisture test Moisture standardization Final moisture To take out butter in trolley To send out butter in packing debt D Packing Storage (cold storage) Dispatch in refrigeration van 22 .Cream stronge Butter churn.

⇒ GHEE PRODUCTION PROCESS Melting cream/white butter Sour butter Butter boiling for making Ghee (kettle) Balance tank Presenting tank Clarification Setting tank 23 .

Testing Packing Storage Dispatch ⇒ POWER PRODUCTION PROCESS Milk condensing & Homogisation Power Milk power bag & tin 24 .

The importance of packing has increased considerably in the area of marketing recent years Pacing means all the activities involved in designing and producing the container or wrapper for a product 25 .Laboratory testing Storange (Limited time) Power packing Storage Dispatch  PACKAGING Packing is aimed at impressing the buyers through colorful attractive and eye caching packing of the product.

In Amul.If the product are not at their best then what kinds of up gradations are required GCMMF guides AMUL for the above concern & accordingly the units works. PRODUCT SCHEDULING Products scheduling is to introduce & develop the new products as per the consumer’s requirement. 26 . federation desides what type of product is to be produced or what the requirements for developing a new product.

 INTRODUCTION The concepts of market are very important. It includes primary resources such as human resources. Marketing may be defined as the process of exchange between seller & buyer. Marketing is a comprehensive learn. finance & management as well as a set of activities in order to direct the flow of good s & services from producer to consumer in the process of exchange & distribution. 27 . It involves a number of inter related activities designed to plan promote.

they would arrive at an acceptable price.Consumer (buyers) and producer (sellers) P. Through out the history prices were set by buyers & seller’s negotiation with each other sellers would ask for higher prices then they expected to pay through bargaining.  PRICING POLICIES Pricing is the sum of the values consumers exchange for the benefits of having or using the amount of money changed for a product as organization & many non.profit organization set prices is the only element in the marketing mix. In Amul Dairy proper emphasis has given is the concept of marketing as it helps in increasing the selling and profitability and that is why the separate department of marketing has kept to carry on and control marketing activities of milk made products are performed by Gujarat Milk Marketing Federation Ltd. price promote & distribute want satisfying products & service to present & potential customers. 28 . According to the committee of American marketing association. Marketing is the “Creating & delivery of standard of living to the society” A total system of interacting the business activities designed to plan.distribute and price a product or service in order to meet the wants and needs of both the parties in exchange Transaction Viz :.Kotler defines marketing as “The human activity directed at satisfying needs & wants through exchange process”. On behalf of Amul Dairy this Organization has been set up with the purpose of the overcoming the intro competition between members and to give fight to outer competitors GCMMF carries on all the marketing activities on behalf of its member. Marketing consist of performance of business activity that direct the flow of good and services from producers or supplier to the consumer and users.

butter.M. Setting one price for all buyers is relating modern idea.F dairy marked the product directly. Company angle pricing in a variety of ways. this lead to many problems. Before establishment of marketing G. coco mass. 90% of Amul products are marketed by federation except for liquid milk.Price is all round as all profit-marketing. coco power.C.M.M. Amul chooses prices depending upon market. (Total 12 dairies) 29 .C. It was given impetus by the development of the large scale retailing at the end of the nineteenth century.M. and variable pricing policy for factory product like cheese. o Maximum scales growth o Maximum quality leadership. The strength of getting order. ghee. Amul fixes pricing policy for industrials items like coco. baby food etc. Amul does not compromise with the quality for getting order. Survival o Maximum current profit o Maximum current revenue. butter. A company can pursue any of the following objectives through its pricing. chocolate. Thus the Gujarat co-operative milk marketing federation areas established in 1972 for marketing the dairies of Gujarat.F Ltd. The strength of the company lies on high quality of fabrication & creation of the job to the consumer’s satisfaction  MARKETING PROCESS Marketing of Amul’s Product is done by G. In large companies. pricing is handled by market division & product line manager. cream etc.

There dispatch orders are sent to concerned state by programmer committee & under committee member different persons are included line member of Amul. which is sent to the federation dispatch order. We can that the product is complementary to the other product while in product line the product are competing each other. Milk. It involves quality of good when the goods are to be sent price signal executive etc. marketing research.M. Daily the amount of production of Amul like Cheese.M. price for products etc. . It sent monthly market requirements date to the dairies & according to this another concerned dairies will work. which are produced and sold by one company. G. are sent to the commercial department through production department. 30 .  PRODUCT LINES Today due to vitality of market increasing demand increase in diversity of product and cutthroat competition a company puts more then one product in marketing and is called product line. Chocolate etc. is called product mix.F. Butter.All the function of marketing like advertising. Power. This data is very useful to the Amul dispatch orders.C. budget. Similarly the group of product.

 ADVERTISING Advertising is one of the tools that a company uses to direct persusive communication to target buyers & consumer. Advertising is a cost effective ways to dissemination messages. 31 .personal presentation & promotion of ideas good as services by identified sponsors. Advertising is any paid from of non. Advertising is employed in all the countries of the world.

choosing. The company is given advertising in reputed & well. Newspapers etc.There are five major decisions in developing an advertising programme know as five M:o o o o o Mission: What are the adverting objectives? Money: How much can be spent? Message: What message should be used? Media: What media should be used? Measurement: How should the result be evaluated? The major objectives of advertising are to inform to persuade & to remind customers about the media allocation.V. deciding on media timing & deciding geographical media allocation. selecting specific media vehicles. among major media type. ⇒DISTRIBUTION OF CHANNEL AMUL DAIRY GCMMF 32 .This is order to bring awareness of the company’s various product among the customers & introduce. Advertising is very important tool for the product range of Amul Dairy.circulated industrial magazines T. corange of product into nearly diversification fields. Frequency & impact.


There are 3 method of reenactment 34 . which continuous with selection causes with the placement of the candidates’ recruitment is the discovering of potential applications. RECRUITMENT & SELECTION ⇒ RECRUITMENT:It forms the first stage in the process.

Apprentice Act 1973: Under this act seat are allotted for engineering. 3. government takes I.W.2nd year Rs.1500 per month .1200. Recruitment under Apprentice act: There are three of apprentice Act. Their training period is three year if they are irregular then their training period may be extended. Direct 2.1. 3.C. are considered. Recruitment of temporary Workers: Under this scheme workers are recruited temporary for 3.A. diploma & degree.R.1500 & 3rd year Rs. 2.S. 6.for engineering period is 1 year & stipend Rs. Graded Skill: In this type of recruitments employees are recruited two ways under graded skill firstly well qualified & experienced persons are considered secondly fresh graduate from Well know institute like I. Recruitment Under Union Scheme: This scheme is owned schemed of Amul according to this scheme M.2000 per month.L. third Party Method Amul has adopted direct method of recruitment In Amul 4 types of recruitment 1. 2. TATA etc.M.1500.I.M.per diploma student 1 year training Rs. They are given the post like technician’s food & diary technology etc. M.. Indirect 3.C. 4. Apprentice Act 1986: 35 .A.2000 per month for 1 st year is Rs. Apprentice Act 1961: Under this act 61 students from S. M B.D.T.A candidates are recruited as management trainee candidates is 1 year & stipend rs.C.R.D. 9 or 12 month they will be recruited in union scheme as trainee.S. B. 1.

Their training period is Rs 450 per month in 1 year training. ⇒ SELECTION:- SELECTION PROCEDURE OF AMUL IS AS UNDER:VACANCY IN ANY DEPARTMENT 36 .Under this act Vocational person are consider they given post like management trainee.

Scritinisation of application:After collection of application.DIRECT APPLICATION COLLECTION OF APPLICATION SCRITINISATION OF APPLICATION INTERVIEW MEDICAL CHEACK UP SELECTION 1. Interview:Remaining application are then called for interview in this interview person personality . experiences. They collect list form district employment exchange campus interview etc. institution. Collection of application:They collect application form posts which are directly received. subject knowledge general knowledge etc. 4. university etc.Are tested interview result declared on that day. 2. Vacancy in any Department:Where there is any organization department then they collect in information through collages. 3. They are studies in detail & not suitable applications are rejected & other kept for further process. 37 .

12 months for officers. 6 months for clericals 3 months for workers If any person is not suitable for his job then they have a write to terminate their services also. Training in Amul is done by three ways.5. 38 . Medical check up:Selected person sent for medical checkup & when person medically fit then section is done. Selection:Medical fit person gave offer letter & then person is join in a work. Training is or process of leaving a sequence of programmed bahaviour . In Amul Probation period is different for different types of person. It is a system to improve the skill.  TRAINING AND DEVELOPMENT Every organization needs to have well-trained and experienced people to perform the activate that have to be done.

E. IRMA etc. So. Manager proposed for training is to be send to different training institutions like IEM. : PAY ROLL SYSTEMS: 39 .  WAGE & SALARY ADMINISRATION The wages are paid in cash & are also credited in the sawing & Bank Account of the employees. D. young talented officer are send for training their time period is 2 year. Manager proposal III. Those who are selected for training has to submit their report after completed their training. Employment are analyzed about their performance to their job. C. Divisional II. Performance Appraisal Training is provided to the capable and responsible person in Amul. Wages are deducted according to the grade of works. Amul has A.I. F grade of workers. B. Following are the minimum & pay scale for different categorice of persons.

G.GRADE Manager Manager Manager Manager Manager Officers Officers Officers Clerical Clerical Workers Workers Workers Workers POST M.M A.Clerk Grade ‘C’ Grade ‘D’ Grade ‘D Grade ‘F’ PAY SCALE 7000 to 15000 5000 to 11000 3900 to 8300 3500 to 7800 2300 to 6200 1800 to 5480 1550 to 5078 1300 to 5480 950 to 3645 750 to 350 300 to 350 280 to 895 195 to 68 175 to 60 TOTAL NO OF EMPLOYEES ARE INCLUDE IN AMUL DAIORY AT ANAND.M Manager Deputy Manager Supdt Dy. Supdt Sr. officers Asistant Sr.D G. GRADE MANPOWER Manager 54 Officer 209 Supervisor & clerical 8 Workers 1083 TOTAL 1764  ORGANIZATION STRUCTURE 40 .

It is property conduct then only the organization can work efficiently & properly.  LABOR WELFARE FACILITIES Manpower is the life hood of an organization. 1. CANTEEN FACILITIES:41 .Manager (P & A) Supdt (P& A) Officer Asst. Officers Officers Asst. Peon Supdt (hand) Sir. suptd (labour) Officers Asst.

coffee.per month & company also makes an equal contribution. lunch dish Rs. personal accident policy: The amount for this is set up for every workers category wise. breakfast at minimum rate tea & coffee 40 paisa per cup.Amul had given bonus before Diwali to their workers & office staff also. SAFETY: Amul also provide hand. WORKMAN’S COMPENSATION POLICY:It during the office time or working time any accident occurs then company will pay for injury. 2. The premium is paid by the company on behalf of the workers.10/. googol. 8. EMPLOYEE WELFARE FUND:It is voluntary welfare scheme under which the employees have to contribute rest. MEDICAL FACILITIES:Amul also provided medical facilities to its workers. Per kg. It is category wise from. 7. 2. UNIFORM:The company is given two pairs of Uniform per years to every employee. EDUCATION FACILITIES:Amul is also given education facilities to its own workers children maximum to Rs1000. 4. 1. 5. and shoes for workers safety. LOAN FACILITIES:They had given loan to workers. Dry fast food Rs. In case of any accident this policy is very useful for workers. Amul has its own medical hospital within Organization.Amul has its own canteen for its workers as well as staff members. Bonus: . 5per dish. 9. Advance: 42 . 6. All the workers of the organization get tea.

The advance which the company provides arte food grain advances festival etc.  PERFORMANCE APPRAISAL 43 .

Workers 1 year Officers 3 year Clerical 4supervisor 2 year. For nearly joint Promoters form one place to another performance Appraisal period far trainees are one-year temporary workers. It is highly useful in making decision regarding various personnel aspect such as promotion & merit. Amul adopt two type of Appraisal system. 1 ½ year Managerial & Engineers Trainer ¾ year.  EMPLOYEE RELATION ACTIVITY 44 .The process of evaluating the performances & Qualification of the employees in term of the requirement of the job for which he employed is said to be performances appraisal system.

The members have dosed out a post their daily milk income to start a huts. all the workers in Amul gets 500 grams of milk free.  PERSONAL DATA 45 . disregarding the cost of treatment. which will ensure all medical requirement of member’s family during garnering sickness. Beside these above mentioned in labour activity. The emergent head of the community especially at the term of nature caremittes.The Scholarship Are Given every year to outstanding children of the union staff under the group’s gramin personal accident policy the member 7 spouse are issued by the union. The union operative Development program. To up grade the knowledge of the member’s management committee member of the village co-operative staff members. Amul provides a subsidized canteen for the employees & also pays education fees for their employee’s student. Like wise they also established a ‘Sashared Kalyan fund’ to meet.

date of retirement. birth date. G.promation. pricey file etc are maintained.Amul bring a co-operative work in a joint manner where joint effort of day. All documents of all employees are preserved under the personnel record arte generally prepared from the report & maintain for long time in this contain every details regarding the employees. Manager Grade include Sr. Services roll is a in which employee no full name. permanent & present address etc are recorded. The company should also record our future studies certificates. designation date of confirmation. Grade B & C. Amul is where it should be all the member is the co-operative are joined to each other like a hung family. The record of all 3 units maintain & period. F. rate of increment. D. E. For example. Seniority files is the another file. In this file grade post are maintained & check after every month. It any employee is to be promoted then it is recorded seniority is considered. personnel file requirement register. clerical grade include grade A. Sr. The hierarchy of its followed from M. 46 . There is grade table for pay scale of different post.D to the workers. officers. In the personal record services too master keeper. superintendent.

 RELATIONSHIP WITH OTHER DEPARTMENT Finance department are closely selected with other department like production department. marketing department & personal department. The efficiency of production & Marketing operation is directly intense is by the manager in which the finance 47 . Finance is the key for any organization.

there are accounting policies under: . The finance planning is to forecast about the future requirements of fund & use of funds. requirement & promotion of employees in the production is clearly a responsibility of the production department but it resolved payment of wages & salaries and other benefits and this involves finance. Because in marketing department . directly or indirectly. So. Marketing & personal.in the advertising. The personal department is closely related with the finance department. Finance department is closely related with the production department.Distribute good & services . METHOD OF ACCOUNTING:- 48 . But there is a need to pay wages & salary and other facility to the worker. there is a close relationship of finance with production. Finance department are closely related with the marketing department.  ACCOUNTING POLICIES In AMUL. The finance department provides the fund & other facilities to workers. involves the according & use of funds. For example. It also helpful in efficiency of the personal department. So the production department may get the information about how much fund is needed in future for the producting of the product.Almost all kind of business activities. The personal departmentis provide the manpower to the organization. The finance department is providing the funds to the marketing department. 1.function of the enterprise is performed by the finance . Finance department is providing policies & producers which bring out a closer co-ordination between the various functional areas of businees such as production & Marketing.the fund is necessary.

packing materials semi packed goods & goods in transit are valued at cost on FIFO BASIS. Finished goods in case of Anand. 4. CAPTION WORK IN PROGRESS:Project under commissioning & other capital works in progress are carried at cost. The cost of assets comprises purchase price and directly attributable cost in bringing the assets to its preset condition or intended use. 5. In the case of AMUL 3 dairy & Kara Dairy depreciation has been changed on straight-line method as per rate prescribed under the companies Act 1956. 3. The financial statements are prepared on the historical cost convention & in accordance with generally accepted accounting principles. moger & khatraj are valued at the exfactory priceless 17% which is fair estimation of the direct cost. 1998 to 31st march 1999. INVESTMENT:Investment are primarily meant to be held over a long term period & as such are stated at cost. INVENTORIES:Real materials. 2. DEPRECIATION:Depreciation on fixed asserts is provided on written down value method at the applicable rates prescribed under the income TexActy 1961. Depreciation has been provided for the full year for the assets required & commissioned between 1st oct. FIXED ASSETS:Fixed assets are valued at cost. 49 . Stores & spares are valued at cost on basis. In case of Kanjari unit the finished goods has been valued at the ex-factory priceless 15%. 6.The union following actual system of accounting in the preparation of accounts.

HE EXCISE DUTY PAYABLE:On finished goods is accounted for on the clearness of good from factory. SALES INCLUDED EXCISE DUTY:-.  BALANCE SHEET Rs.3. RAW-MATERIAL CONSUMPTION:Is net of credit availed under modvat scheme when ever applicable.7.3. 11.26 crores given on various accounts.19 lacks.03 Crores. Leave encashment is accounted for as & when due for payments.2. Disputed liabilities for sales tax Rs.  Contingent liability not provided for: Bank guaranties of rs. PAYMENT OF BONUS:Provision has been made in the financial year 1998-1999 but payable to employees in 1999-2000. 8.2006 50 . In lacs 31.2005 Assets 31. Disputed liabilities for excises duty for Rs.6.54. RETIREMENT BENEFITS:Union’s contribution towards gratuity & superannuating for its employees are funded with life insurance corporation of India.1. 10. 9.45 crores Disputed liabilities for income tax Rs.

97 7266.45 0.00 25277.29 0.64 9671. 25225.50 7923.86 2219.57 998.Rs.85 0.14 18437.40 80.18 8714. Rs.96 0.00 513.13 237.09 BALANCE SHEET as at 31st march 2005 Rs.00 0.60 6408.66 51.01 552.39 1253. In lacs 51 .69 70.43 4968.58 7989.02 69.64 0.62 1681. 24545.61 74.36 178.26 166.90 24595.00 573.20 433.39 1932.29 6107.40 140.26 6764.09 20256.99 396.83 1395.94 Deferred Revenue Expenditure [to the extent not written off] Total Cash & Bank Balances with bank Deposits in Banks On Hand Advances & Debtors Deposits Due from societies Adavance Trade Debtors Sundry debtors Income tax deposits Stock Trading Stores Assets Gross Value: As per Schedule-3 col-5 less:Depreciation Fund As per Schedule-3 col-9 Net Assets: Capital work in Progress Investments National saving Certificates Shared investments Fixed deposits Rs.09 0.49 8006.43 286.70 0.18 433.90 70.97 222.65 365.17 51.

04 955.100each] Share Capital:[Fully paid up] 31.74 24595.67 2.00 1162.34 Grants: [as per Schedule2.00. 2000.06 Redeemable Debentures Loans: 5830.00 UTI bank cash Credit Facility 1000.05 Rs.00 4.10 285.84 491.PROFIT & LOSS ACCOUNT 52 .05 Rs.60 Reserve Fund & Other Funds [as per schedule1.00 UTI bank long term loan 500.72 4290.23 25277.42 2057.98 1049.67 22.00 fixed deposits Current liabilities deposits due to societies outstanding against expenses outstanding against purchases sundry creditors 347.15 55.23 LIABILITIES Rs.3.3.67 2.20 323.81 2154.59 69.69 438.000 share of Rs.00 500.66 0.46 3444.46 7933.87 25.col 5] 2162.00 1599.87 26.00 1395.31.00 Short term loan 7330.00 9. Authorised Share Capital [20. 2000.70 8891.39 4160.75 2989.46 2661.00 2858.20 0.00 500.col 6] 1175.17 TRADING .93 5290.94 net profit during the year Total Provisions frnge benefit tax bad debts decline in investment leave encashment decline in stocks 30.00 3263.36 311.

32 323.09 306.41 340.15 47.94 74.58 1410.52 1160.85 368.23 66448.87 23.04 43.24 465.13 0.17 53 .65 0.rates & taxes To audit fees To administrative To interest & bank commission Total depreciation charged Less adjusted against Grants Less adjusted for prev years’grants To fringe benefit tax provision To bad debts provision To leave encashment provision To provision for decline in stocks To prior period expenses To net profit Total Rs.in lacs 2005-06 Rs.10 47.00 26.79 2324.00 0. 4990.00 5.01 10872.67 22.97 299.00 25.10 126.39 46502.23 1887. telephone.10 76.18 848.90 PARTICULARS To opening stock finished goods stock stock in process milk stock stock in transit parlour stock To milk purchases To raw material consumption To research & extension expenses To packaging expenses To power & fuel expenses To salaries and wages To staff provident fund gratuity & other amenitier To repairs & maintainance expenses To freight & forwarding expenses To marketing expenses To postage.00 0.01 69.01 82.11 356.72 45.62 58.27 48667.29 1271.41 570.19 2564.38 By milk sales By product sales 22212.FOR THE YEAR ENDED 31ST MARCH 2006 2004-05 Rs.77 97.48 39890.73 2853.97 43630.73 1179.32 311.66 0.74 78886.82 736.69 4420.00 3392.09 1378.14 122.63 481.21 582.96 127.20 386.83 789. telegrame.26 111.65 6408. printing & stationary expenses To insurance premium To rent.25 0.28 72.00 86.67 16378.82 10040.69 30.93 727.53 674.25 1210. 2046.

55 287.65 6408. 4 Rs.89 59459.60 34.3.23 104.65 63.62 SCHEDULE 1 [BALANCE SHEET 2005-2006]Funds Name of the fund 1 balance Rs.26 111.37.2006 Rs.27 1.55 1821.55 154.85 270.02 64. 2 additions Rs.96 587.40 7989.43 487.09 70921. 5 54 .61 60046.73 1179.07 224.27 715.30 70206.10 126.39 By parlour sales Total sales Less:exvise Net sales By interest income By dividend income By other income By prior period income finished goods stock stock in process milk stock stock in transit parlour stock Total 42. 3 Deductions Rs.19 6.65 0.05 4990.77 5741. In lacs balance 31.

48 1329.67 3160.11 3.24 641.85 1839.00 0.18 NDDB Bread – spread grant 17.23 77.23 529.05 against 31.39 105.29 171.00 200.00 728.19 762.60 1745.20 1784.00 0. 2 3 4 Rs 5 6 728.26 12.70 0.00 2.00 0.3.55 103.00 0.38 0.40 8.06 1 2 3 4 5 6 7 8 9 10 Land 200.38 0.79 0.3.20 3485.4.00 0.12 324.30 NDDB operation food-3 fundCheese plant 337.00 565.05 11 200.00 1.00 netblock 31.11 67.44 2318.05 transfer 31.72 0.05 sale/transfer 31.79 1.00 0.4.00 200.13 NDDB operation food-3 fundVCU 3.00 110.3.49 1685.38 0.14 726.66 41.3.00 0.00 0.92 1312.06 31.09 293.20 Building 3096.00 0.55 0.06 Rs Rs Rs depreciation Rs.48 14.17 324.50 0.02 0.34 SCHEDULE 3 [BALANCE SHEET 2005-2006]Assets Assets Gross block Gross block Gross block Gross block depreciation depreciation depreciation depreciation netblock As on additions sales or as on fund as on additions reductions on fund as on 1.40 0.00 6.24 NDDB operation food-3 fund Anand 641.78 Technology mission for dairy develop 13.02 2154.00 3.87 0.00 0.81 5.00 0.44 62.60 SCHEDULE 2 [BALANCE SHEET 2005-2006]GRANTS: Rs in lacs balance additions deduction deductions balance 1.88 226.19 56.36 0.00 0.00 0.42 0.12 railway Siding 3.38 3.75 64.Reserve fund General Reserve Dividend equilisation fund Charity fund Total 684.3.14 46.56 0.00 3.00 0.57 20.84 0.32 Plant & machinery 19409.12 0.00 0.67 1415.65 NDDB operation food-2 fund Anand 171.72 476.60 Grants project 1 SGSY Project Grant 118.00 0.00 0.64 NDDB operation food-3 fund amul-3 859.00 55 .74 0.56 15923.67 1330.20 0.00 0.24 17552.40 NDDB operation food-3 fund CFF 0.66 0.06 1.02 Total 2162.78 19870.00 0.4.03 2057.00 0.00 1.

36 45.95 98.00 7.49 631.73 551.34 0.23 Net Profit [As per Trading.26 0.59 4.28 285.83 1.00 contribution toward education fund 202.40 470.30 171.70 Share Dividend 15% Out of the remaining Profit 20.87 413.vehicles Dead stock Computer System Cans Library Live stock Total 145.59 138.65 2.74 80.54 General Reserve 80% 1.10 575.00 4.00 1.39 55.69 0.81 Reserve fund 25% 3.5 Rs.00 4.27 117.16 839.85 2.20 0.50 4.88 25225.88 24545.26 0.93 3.27 884.04 1.60 64.78 17.35 1.32 323.72 123.73 1.25 0.15 1.00 233.39 4968.07 0.Profit & lossA/c] Appropriation of Net Profit as under 77.04 37.00 68.04 107.51 0.29 0. 323.69 146.85 4.00 159.22 613.00 1887.00 86. 311.09 18437.22 896.00 9.96 101.00 0.39 Charity fund 20% 311.49 61. In lacs 2005-06 Rs.99 444.87 19.66 23.79 Dividend equilisation fund 75% Further appropriation out of remaining Profit 5.14 25.00 0.06 0.45 0.00 20256.32 0.43 53.23 452.32 188.23 Total  CONCLUSION 56 .66 6107.41 0.85 SCHEDULE 4 [distribution of Profit as per Bye-Laws-2005-06] Rs.55 0.74 2004.

B. Amul earned good reputation in milk market & other milk bared products and covered the national market. Amul also adopted latest technology can not become abated for the achievement of target. Amul has beautiful establishment system. Amul is the successful story of cooperation.Y.A level & particularly in Amul is one of the greatest experiences. The reason behind the success of Amul lies in its 4 D’s which are: Dedication Discipline Determination Development To be a small producer is no more a disadvantage.B. 57 . For hands working together is happiness & that is success. In co-operative dairying there is a great chance of rural development leading to the empowerment of the poor & the lowly.In my thinking at F.

 BIBLIOGRAPHY ⇒ BOOKS.2003 Economic Times. September22. narayanaswamy.Fortyseventh Revused edition by s. RBI Bulletin. 58 . Times of India. Octember23. ⇒ NEWSPAPERS Business Standard . Renu sobti. August11.“banking and finance services in india” by new century Publication.”By prentice Hall of India private limited. Novemeber 2004.2004 The Finance Express. January 2001. R..“financal Accounting. september10.chand & company.2003.M. .P. ⇒ MAGAZINES Banking Finance .2003.2003.2003. 2003. “Indian Economy”.Sundharam. Ruddar datt and K.

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