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  1. 1. A Project report on summer training at “ surat district co-operative milk producer’s union ltd. ”
  2. 2. Introduction <ul><li>Sumul or Surat Milk Union Limited, which is now renamed as The Surat District Co-operative Milk Producers' Union Ltd, is one among the 12 district unions which acts as manufacturing units of dairy products for ( G.C.M.M.F. ) Gujarat Co-operative Milk Marketing Federation Limited. </li></ul><ul><li>SUMUL Dairy is a co-operative endeavor committed to help marginal farmers and down trodden tribal to lead to a healthy life and better standard of living through scientific animal husbandry practices. Today’s Sumul enjoys the pride to serve milk and milk products to popular in Surat city and surrounding towns of it. </li></ul><ul><li>Hence, the Surat district co-operative milk producer’s union ltd, </li></ul><ul><li>SUMUL is trade name and literally meaning sound price, came in to existence on August 22, 1951… </li></ul>
  3. 3. History <ul><li>In the year 1939 Sardar Vallabhbhai Patel went and meets the farmers of Anand and told them that for the trade of milk the dairy was necessary. During that time there was only one dairy “ POLSUN DAIRY ” which belongs to British’s and they use to give very less price for milk to the Indian Milkmen. At that time a person named Tribhuvandas Patel came forward to take the leadership. In order to support the Indian farmers “AMUL DAIRY” was established in the year 1946. </li></ul><ul><li>DR. Kurien was appointed at this dairy. </li></ul><ul><li>Then after, For the proper development of the dairy industry N.D.D.B. (The National Dairy Development Board) was established at Anand. </li></ul><ul><li>Here the farmers were, made aware about their right & responsibilities high productivity of milk at low cost & so the co-operative of development programs started. </li></ul><ul><li>In the year 1998-99 two million tone of milk was produced in Indian & Indian becomes the world’s first milk producing country . Which is more then 68 million of American . So it was called “ white revolution ” </li></ul>
  4. 4. “ SUMUL IS SOCIALLY RESPONSIBLE ORGANISATION WITH COMMITMENT TO CONSUMER DELIGHT AND RESPECT FOR ALL. SUMUL BELIEVE IN GROWTH AND CONTINUOUS IMPROVEMENT THROUGH TEAMWORK, TRUST & EXCELLENCE, WITHOUT COMPROMISING HIS HONESTY AND INTEGRITY&quot; Sumul’s mission & vision statement Year 2006-07 2009-20 Turnover RS. 607 Crores RS. 4000 Crores Milk Procurement 6,59,682 kg/day 14,10,000 kg/day Milk Sale 595,595 Liters/Per day 13,00,000 Liters/Per day Quality ISO 9001 & HACCP ISO 22000 & ISO 14001 Production cost Minimum Production Cost MPC through 100% automation Distribution System Consumers oriented, Quick and effective Consumers oriented, Cost Effective Distribution, Cost Effective Vertical & Horizontal Distribution
  5. 5. NUMBER OF DEPARTMENTS IN SUMUL DAIRY <ul><li>There are 10 departments at Sumul, they are as follows. </li></ul><ul><ul><ul><li>1. HR department </li></ul></ul></ul><ul><ul><ul><li>2. Finance department </li></ul></ul></ul><ul><ul><ul><li>3. Sales & Marketing department </li></ul></ul></ul><ul><ul><ul><li>4. Veternity Department </li></ul></ul></ul><ul><ul><ul><li>5. Production & Engineering Department </li></ul></ul></ul><ul><ul><ul><li>6. Accounts Department & Audit Section </li></ul></ul></ul><ul><ul><ul><li>7. Assembling Department </li></ul></ul></ul><ul><ul><ul><li>8. Quality Department </li></ul></ul></ul><ul><ul><ul><li>9. Store & Purchase Department </li></ul></ul></ul><ul><ul><ul><li>10. Information Technology Department </li></ul></ul></ul>
  6. 7. Sumul’s milk marketing in Surat city is monitored, eliminating costly sales-booths and though regular and assured twice a day supply of milk to 1662 concessionaires (Agent) and 198 institutional buyers , through 85 contractors ’ route vehicles. There is guaranteed cash inflow of the sales proceeds on day-to-day basis and safe return of crates etc. to the Dairy. introduction Hierachy structure of marketing department
  7. 8. Macro-environment: The wider environment is also ever changing. It includes competition, Government Policy, Politics, Economical Policy and Cultural activity . marketing environment Internal environment External environment Micro Macro <ul><li>I nternal environment: </li></ul><ul><li>They are generally audited by applying the ‘Five Ms’ which are…. M en, M oney, M achinery, M aterials and M arkets. </li></ul><ul><li>External environment: </li></ul>Micro-environment: This environment influences the organization directly. It includes : 1. suppliers who deal directly or indirectly 2. consumers and customers 3. other local stakeholders  
  8. 9. <ul><li>List of Competitors </li></ul><ul><li>Following some of the dairy all from the district i.e. from North Gujarat & Maharashtra: </li></ul><ul><ul><li>Unity dairy, Uttarsanda 11. Sardar Dairy, Mehsana </li></ul></ul><ul><ul><li>Jeevan Shakti, Dhuliya 12. Vimal Dairy, Mehsana </li></ul></ul><ul><ul><li>Vishalsagar, Dhuliya 13. Royal Dairy, Gandhinagar </li></ul></ul><ul><ul><li>Gopi Milk Products, Puna 14. Suffal (Paneer) </li></ul></ul><ul><ul><li>Gautam Milk Products,Kopargoan 15. Satyam Dairy, Gandhinagar </li></ul></ul><ul><ul><li>Gayatri Milk Dairy 16. Sumathur dairy </li></ul></ul><ul><ul><li>New Suraj Dairy, vijapur 17. Mahakall Dairy, Sid </li></ul></ul><ul><ul><li>Sarita Milk Products, Kadi </li></ul></ul><ul><ul><li>Britannia (Ghee) </li></ul></ul><ul><ul><li>Neslte (Milk powder, Ghee) </li></ul></ul>
  9. 10. Product- mix OF sumul dairy Products Mix: “ The set of all products and items that a particular seller offers for sales to buyer. ” H omogenized Toned Milk Liquid Milk Whole Milk Pasteurized Standard Milk Milk Products Cow Milk Skimmed Milk White Butter Ghee Butter Milk Skimmed Milk Powder Self Developed Products Paneer Flavors Milk Sweets Shrikhand Sumul Sugar Sumul Tea
  10. 11. PACKAGING & LABELING <ul><li>Packaging </li></ul><ul><li>Labeling : </li></ul><ul><li>To achieve marketing objective of the to satisfy the desire of the consumer sumul has chosen the labeling components very correctly. </li></ul><ul><li>They also use different -different slogan on the product. </li></ul><ul><li>SUMUL use this type of symbol … </li></ul><ul><li>Packaging is one of the most important factors that management must have to consider in mind. </li></ul><ul><li>Here, different machines are available for different types of packing. The firm is now going for a new type of packing called “ Gable top packing” . </li></ul><ul><li>The main advantage of such type of packing is in this packing milk remains fresh for about 10 days . </li></ul>
  11. 12. Pricing Policy: General information regarding to setting of price is it has fixed structure followed by GCMMF at Sumul farmers are paid on the basis of kilo fat in their milk. They are paid Rs.318 per KG of fat. Taking this as base the price of the product is being set. Price list are as follows: Pricing policy Cost Structure of Product: Production cost + Transport expenditure + Profit Margin + Commission ------------------------------ Cost Commodity Quality Price(Rs.) Ghee 15 kg 2300 5 liter 720 2 liter 275 1 liter 150 1 liter pouch 145 500 ml pouch 74 200 ml pouch 31 White Butter 15 kg 1695 500 gm 60 Jome 200 ml bottle 8 200 ml pouch 5 Paneer 1 kg 105 200 gr 22 EIaichy Peda 500 gr 59 250 gr 30 Kesar Peda 500 gr 79 250 gr 40 Malai Puri Peda 250 gr 36 Premium Tea 500 gr 62 250 gr 33 100 gr 14 Silbver Tea 500 gr 71 250 gr 39 100 gr 16 EIaichy Shrikhand 500 gr 40 Kesar Shrikhand 500 gr 45 100 gr 10
  12. 13. <ul><li>Sumul collects the milk from the villages. </li></ul><ul><li>The collected milk is tested against the set standard. That insures quality of milk being received from the root level. </li></ul><ul><li>The milk is tested in lab. No compromises with the quality of milk being received and pay the price of milk on the basis of fat. </li></ul><ul><li>The qualified milk is received at raw milk receiving Dock at dairy. </li></ul><ul><li>The received milk is transported to the dairy for the further processing </li></ul><ul><li>Buying Process: </li></ul>Organisation’s buying process
  13. 14. Introduction Growth Maturity Decline Product life cycle The Product Life Cycle concept helps marketers interpret product and market dynamics. Sumul is at the growth stage of the product life cycle and our company also create the new idea and launching new product time to time and increasing sales every time.
  14. 15. DISTRIBUTION CHANNEL OF LIQUID MILK   So, its called one level ( 1 level ) Distribution Channel DISTRIBUTION CHANNEL OF DAIRY PRODUCTS So, its called two level ( 2 level ) Distribution Channel Channel of distribution
  15. 16.  Population of Surat City: 45, 00,000  Market Size: 8, 25,000 Liters/ day. (Population * 250ml per capital)  Annually Milk sale (2008-09) is 24,93,28,941 Liters .  Average sale (2008-09) is 6, 83,093 Liters milk per day.  Growth: 14.82%  Market share: 77%  Competitors in packed milk:18-20 having sale 25000-30000 liters in total per day. MARKETING / SALES Department AT A GLANCE
  16. 17. <ul><ul><ul><li>Advertisement: </li></ul></ul></ul><ul><li>Here advertising is done through hoardings, banners, wall painting, newspapers, and stickers etc . Sumul dairy spend nearly 20 to 25 lakh on the advertisement. The contract of advertisement is with the Venus ads. </li></ul><ul><ul><ul><li>Healthy Baby Contest since 1992… </li></ul></ul></ul><ul><ul><ul><li>Paneer Show: </li></ul></ul></ul><ul><ul><ul><li>Education Programs: </li></ul></ul></ul><ul><ul><ul><li>House Visits: </li></ul></ul></ul>Promotional ACTIVITIES
  17. 19. <ul><li>Sumul believes that the most significant resource is its Human Resource and Sumul’s Success in the long run depends very much on the quality of its human resources. </li></ul><ul><li>HR Objectives: </li></ul><ul><li>To develop and sustain core values. </li></ul><ul><li>To develop business leaders for tomorrow. </li></ul><ul><li>To provide job contentment through empowerment, accountability and responsibility. </li></ul><ul><li>To build and upgrade competencies through virtual learning, opportunities for growth and providing challenge in the job. </li></ul><ul><li>To faster a climate of creativity, innovation and enthusiasm. </li></ul><ul><li>To enhance the quality of life of employees and their family. </li></ul><ul><li>  </li></ul>introduction
  18. 20. Organization structure
  19. 21. <ul><li>The main activities of this department are… </li></ul><ul><li>Recruitment, selection, Training, Self Development & Employee Personality Development and welfare activities. R & D </li></ul><ul><ul><ul><ul><ul><li>Human resource planning </li></ul></ul></ul></ul></ul>Activities of personal department <ul><li>When there is any vacancy or some requirement comes up </li></ul><ul><li>in the organization. Human resource planning is being done. </li></ul>
  20. 22. Selection process <ul><li>Procedure for selection is differing from organization to organization and from job to job. </li></ul><ul><li>For Executives: </li></ul><ul><li>Written Test </li></ul><ul><ul><li>Aptitude test </li></ul></ul><ul><ul><li>Subject test </li></ul></ul><ul><li>Group Discussion </li></ul><ul><li>Interview </li></ul><ul><li>Final selection </li></ul><ul><li>For Non-Executives: </li></ul><ul><li>Written Test </li></ul><ul><li>Final interview </li></ul><ul><li>Final selection </li></ul>
  21. 23. <ul><li>“ Performance appraisal is the systematic, periodic and an impartial rating of an employee’s excellence in matters of pertaining to his present job and his potential for a better job ” </li></ul><ul><li>In sumul , gives specific project to the employee to train him. After completion of this project, it is checked by the authorized person of the department. if the employee do not perform well then they are terminated from the organization. </li></ul>PERFORMANCE APPRAISAL SYSTEM Training & DEVELOPMENT <ul><li>Sumul Dairy , training is given with the objective of increase in productivity of employees, increase quality of work , enhance and update knowledge and skills of employees. </li></ul><ul><li>Sumul provides training as on the job training and give training to new employee. Training is given to the workers which are basically at period of one month . </li></ul><ul><li>Training is given in 3 Categories as: </li></ul><ul><ul><ul><ul><ul><li>Management Training. </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Office Training </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Senior Executive Training </li></ul></ul></ul></ul></ul><ul><li>So, the sumul also organized various development programs for Officers and Executives. </li></ul>
  22. 24. Wage & salary structure “ Wages represent hourly rates of pay & Salary means monthly rates of pay ” <ul><li>Sumul also provides this type of allowances : </li></ul><ul><li>Dearness Allowance (DA) </li></ul><ul><li>Additional Dearness Allowance (ADA) </li></ul><ul><li>House rent Allowance (HRA) </li></ul><ul><li>Leave Travel Allowance (LTA) </li></ul><ul><li>Washing Allowances (WA) </li></ul><ul><li>City & Travel Allowance (CTA) </li></ul><ul><li>Visiting Allowance (VA) </li></ul><ul><li>Bicycle Allowance (BA) </li></ul><ul><li>Scooter Allowance (SA) </li></ul><ul><li>Driving Allowance (DA) </li></ul><ul><li>Other Components: </li></ul><ul><ul><ul><ul><ul><li>Bonus </li></ul></ul></ul></ul></ul><ul><li> (8.33% of BASIC +DA+ADA) </li></ul><ul><ul><ul><ul><ul><li>Funeral Fund </li></ul></ul></ul></ul></ul><ul><li>Rs.3000 to the ward and family of the dad. </li></ul><ul><li>Every month Rs1/- of all higher executives salary is maintained for this fund. </li></ul>
  23. 25. “ Labour welfare means anything done for the comfort and improvement. Intellectual or social of the employees over and above the wage paid which is not a necessity of the industry ” <ul><li>Convenience and comfort during the work </li></ul><ul><li>Washing facilities </li></ul><ul><li>Store & Drying facility </li></ul><ul><li>Canteen facility </li></ul><ul><li>Rest room </li></ul><ul><li>First aid facility </li></ul><ul><li>Vehicle parking space </li></ul><ul><li>Accommodation </li></ul><ul><li>Vehicle loan </li></ul><ul><li>Uniforms, Shoes and Raincoats </li></ul><ul><li>House rent recovery </li></ul><ul><li>Extra mural welfare activity of Sumul : </li></ul><ul><li>Transportation </li></ul><ul><li> Roads, lighting, garden </li></ul><ul><li> Communication facility </li></ul><ul><li> Security </li></ul><ul><li> Training and development programs </li></ul><ul><li>Intra mural welfare activity of Sumul : </li></ul>Employee welfare
  24. 26. Personnel information system The HR department keeps the information of each and every employee from top to bottom level workers. This information is updated from time to time.
  25. 28. Organization structure of production department
  26. 29. <ul><li>Production planning </li></ul><ul><li>Material requirement planning </li></ul><ul><li>Store finished goods and raw material </li></ul><ul><li>Quality control </li></ul><ul><li>Packaging </li></ul><ul><li>Painting of pack product </li></ul><ul><li>Transport to Marketplace </li></ul><ul><li>Washing and cleaning of equipments, regular maintenance of machine and other equipments. </li></ul>Activities of production departments MAP OF ACTIVITY AREA:- Main Dairy Plant Cilling Centre km distance from surat   Taluka/ Tahsil Name Cattle Feed Factory
  27. 30. Production process at SUMUL dairy is derived into two main stages. They are as follows- 1. Process flow from Village to Chilling Centre Level 2. Dairy plant to Market Level Production process
  28. 31. <ul><li>2. </li></ul>
  29. 32. Unit of sumul & their capacity Unit Place Capacity Employees Distance From Surat SUMUL DAIRY Surat 5 Lakh LTPD 591 0 km Bajipura Chilling Centre Bajipura (B.C.C.) 3 Lakh LTPD 113 50 km Navi Pardi Chilling Centre Navi Pardi (N.P.C.C.) 2 Lakh LTPD 66 25 km Uchchhal Chilling Centre Uchchhal (U.C.C). 1 Lakh LTPD 49 105 km Nizer Chilling Centre Nizer 63,000 LTPD 16 175 km Chasvad Chilling Centre Chasvad (C.C.C.) 30,000 LTPD 100 km Dediapada Chilling Centre Dediapada (D.C.C.) 30,000 LTPD 135 km Sumuldan Factory Chalthan (S.D.F.) 200 MT PD 96 18 km
  30. 33. <ul><li>During the visit to the production plant we have done micro motion study of a worker whose work was to take the milk pouched from the machine and the keep them on carate, which uses to come serially on the belt conveyors. The position of the person was such that it to very less time. </li></ul><ul><li>The pouches of 500 ml were filled in Polly bags, sealed and ready pouches were thrown though the pouch-filling machine. </li></ul><ul><li>  The entire process was completed in 18 sec. </li></ul>Micro motion study “ SUMUL DAIRY ARE DEVOTED, DEDICATED AND MOTIVATED WORKFORCE TRAINEDTO ENSURE CONSISTENT SUPPLY OF GOOD QUALITY AND SAFE MILK AND MILK PRODUCTS TO ACHIEVE HIGHEST LEVEL OF CUSTOMER SATISFACTION. SUMUL WILL ACHIEVE THIS BY MONITORING AND UPGRADATION OF PROCEDURES AND PROCESS APPLYING SCIENTIFIC INNOVATIONS AND STATE OF THE ART TECHNOLOGY AND REMAIN ECOFRIENDLY QUALITY AND FOOD SAFETY MANAGEMENT SYSTEM.” Quality policy
  31. 34. <ul><li>TOTAL QUALITY MANAGEMENT (TQM)   </li></ul><ul><li>TQM (Total Quality Management) was implemented at SUMUL on 6 th May, 1996 with the help of EICHER CONSULTANCY, Mumbai. </li></ul><ul><li>TOTAL PRODUCT MANAGEMENT (TPM)   </li></ul><ul><li>TPM (Total Product Management) was implemented at SUMUL on 19 th , October, 1999 with the help of TQM center at Surat under consultancy of Dr. B. C. Naidu. </li></ul><ul><li>Sumul has adopted International Standards for Quality Management. QAS Australia has certified our quality management systems by issuing ISO 9002, ISO-14001 and H.A.C.C.P. Certificates. </li></ul><ul><li>ENVIRONMENT POLICY: </li></ul><ul><li>Comply with all applicable environmental legislation, regulations and other requirements . </li></ul><ul><li>Control Plant operations to conserve natural resources such as water, electricity and fuel and prevent pollution  </li></ul><ul><li>Continues improvement of environmental performance Creating awareness towards environmental issues among suppliers and stake holders     </li></ul>
  32. 35. <ul><ul><ul><ul><ul><li>Maintenance </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Packing </li></ul></ul></ul></ul></ul>Support services <ul><li>Maintenance: </li></ul><ul><li>At SUMUL, there is a strong maintenance procedure on raw materials & final products, because such milk products should be maintain in such way they maintains their quality for the long period of time. </li></ul><ul><li>  </li></ul><ul><li>Packing: </li></ul><ul><li>Packaging is one of the most important factors that management must have to consider in mind. </li></ul><ul><li>Here, different machines are available for different types of packing. The firm is now going for a new type of packing called “ Gable top packing” . </li></ul><ul><li>The main advantage of such type of packing is in this packing milk remains fresh for about 10 days . </li></ul>
  33. 36. <ul><li>Material Handling Equipments Used </li></ul><ul><li>Pipeline: </li></ul><ul><li>Trolleys: </li></ul><ul><ul><ul><li>Crates Trolleys </li></ul></ul></ul><ul><ul><ul><li>Cans Trolleys </li></ul></ul></ul><ul><ul><ul><li>Plastic Tube </li></ul></ul></ul><ul><li>Belt Conveyors: </li></ul><ul><li>Trucks (Tempos): </li></ul>Material handling equipments <ul><li>No. of Material Handling Equipments Used: </li></ul>Equipment Quality Milk Tankers : Sumul On contract 13 11 Tempos (on contract) 70 Belt Conover 8 Crates 40,000 Cans : 40 Liter. 20 Liter. 250 25 Crates Trolleys 50 Cans Trolleys 10 Plastic Tube 5 Glass Betties (200 ml) 35,000
  34. 37. <ul><li>SUMUL dairy is located near railway station road in Surat. It covers 15,000 – acre land. Sumul provides milk collection facilities at the producer’s door in each village co-operative, where milk is speedily, efficiently and economically transported twice daily to its dairy plant and chilling centers for processing and marketing. </li></ul>Plant location
  35. 39. <ul><li>Sumul is the co-operative so it has not special financial department. </li></ul><ul><li>Sumul require a lot of funds for meaning its working capital needs and other obligations. </li></ul><ul><li>It manages its working capital needs through internal funding only . There is regular, assured and smooth in flow of cash from milk sales from the agents to dairy’s Cash Collection Centers on day-to-day basis. </li></ul>Hierarchy of finance department “ Finance management is that managerial activity which is concerned with the planning and controlling of the firm financial resources. ”
  36. 40. <ul><li>From the study of the above diagram, we can see that Sumul has made a continuous progress in their profit making figures. </li></ul><ul><li>The present turn over of the firm is 790 crores which is 90 crores more than the profit of the previous year . </li></ul>Turn -over information
  37. 41. <ul><li>Capital budgeting decision pertaining to fixed and long term assets which by definition refer to assets which are in operation and yield a return over a period of time , usually exceeding one year . </li></ul><ul><li>Capital budgeting is the most important and complicated problem of managerial decision. Because it is concerned with designing and carrying out through a systematic investment programmes. </li></ul><ul><li>It involves the planning of such expenditures, which provides yields over a number of years. The firm’s investment decision would generally include expansion, acquisition, modernization and replacement of the long-term assets. </li></ul><ul><li>In short, the capital budgeting decisions means… a decision as to whether or not money should be invested in long term projects. </li></ul>Budgeting & planning
  38. 42. <ul><li>Every firm needs money or funds for the activities of it’s organization and they all takes it from either share capital or loans like debentures, bonds etc… </li></ul>Taking loans (SOURCES OF FUNDS) <ul><li>Interpretation:- </li></ul><ul><li>At the and of the year Sumul has…. </li></ul><ul><ul><ul><ul><ul><li>Reserve fund & other source of funds Rs. 16,85,26,228 </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Redeemable Debenture Rs. 4,54,500 </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Total Loans Rs. 42,32,87,520 </li></ul></ul></ul></ul></ul><ul><li>Reserve fund & other funds: </li></ul>16,85,26,228 <ul><li>Debenture Redeemable: </li></ul><ul><li>909 debentures Rs.500/- each </li></ul>4,54,500 <ul><li>Loans: </li></ul><ul><li>N.D.D.B. (operation flood) </li></ul><ul><li>Cattle loan etc. </li></ul><ul><li>Short term Loan </li></ul>42,32,87,520 27,08,078 2,05,79,442 40,00,00,000
  39. 43. Issuing shares <ul><li>Interpretation:- </li></ul><ul><li>Sumul has 10, 00,000 ordinary shares of Rs.100/ each. </li></ul><ul><li>So, Authorized Share Capital Rs. 10,00,00,000 </li></ul><ul><li>Sumul Issued Share Capital is 4,23,672 ordinary shares of Rs.100/- each. Which are fully paid up. </li></ul><ul><li>So, Share Capital Rs. 4,23,67,200 </li></ul><ul><li>Authorized Share Capital: </li></ul><ul><li>(10, 00,000 ordinary shares of Rs.100/ each.) </li></ul>10,00,00,000 <ul><li>Share Capital (Issued fully paid up.) </li></ul><ul><li>(4, 23,672 ordinary shares of Rs.100/- each.) </li></ul>4,23,67,200
  40. 44. Cost system <ul><ul><li>Cost is one of the main factors affecting finance department. </li></ul></ul><ul><ul><li>There are lots of control techniques through which companies can control their cost. </li></ul></ul>Cost Structure of Product: Production cost + Transport expenditure + Profit Margin + Commission ------------------------------ Cost Payment process <ul><li>Collection of sales bills & sales data </li></ul><ul><li>Data verification with sales information </li></ul><ul><li>Feed concern data in computer </li></ul><ul><li>Feed duration data in computer </li></ul><ul><li>To pass duration entry to the computer. </li></ul>
  41. 45. <ul><li>Liabilities </li></ul><ul><li>Comparative analysis means after some period company analyzing its financial report current year figure with the past years figure . </li></ul><ul><li>With the help of comparative analyzing company aware about it financial position. </li></ul><ul><li>Some balance sheet data are as follows: </li></ul><ul><li>Assets </li></ul><ul><li>Assets 42,72,01,141 </li></ul><ul><li>Investments 4,97,46,578 </li></ul><ul><li>Stock 48,05,07,794 </li></ul><ul><li>Advances & other assets 32,96,97,582 </li></ul><ul><li>Cash & bank 95,92,51,961 </li></ul>Balance sheet data <ul><li>Authorized Share Capital 10,00,00,000 </li></ul><ul><li>Share Capital (Issued fully paid up.) 4,23,67,200 </li></ul><ul><li>Debenture Redeemable 4,54,500 </li></ul><ul><li>Reserve fund & other funds 16,85,26,228 </li></ul><ul><li>Loans 42,32,87,520 </li></ul><ul><li>Current liabilities 1,59,04,09,166 </li></ul><ul><li>Profit & Loss A/C. 2,13,60,442 </li></ul><ul><li>Net Profit 2,13,60,442 </li></ul><ul><li>Total Income / Expenditure 8,40,61,16,108 </li></ul>
  42. 46. <ul><li>Generally, the term Working capital refers to that part of capital which is not tied up in fixed assets but is used to meet the day-to-day requirements of business. </li></ul><ul><li>Working Capital = Net Current Assets – Net Current Liabilities </li></ul>Working capital Current Assets: In 2008 Stock is 54,47,01,276 , Investment is 4,97,44,132 , Cash & Bank A/C is 75,49,00,390 , The total Assets is 1,34,93,45,798 . Current Liabilities: In 2008 Reserve fund & other funds is 15,03,81,724, Current liabilities & loans is 1,34,53,70,370. The total Liabilities is 1,49,57,52,094. So The Net Working Capital is 14,64,06,296