SYNOPSIS

LABOUR WELFARE MEASURES

INDUSTRIAL PROFILE

During 1960s milk production in India was concentrated rural area. The
farmers in Gujarat owned co-operative society formed namely AMUL (Anand Milk
Union Ltd). The farmers namely integrated in production, procurement,
processing andmarketing on co-opeartive lines. After certain aim a new model
was established Anand Pattern. The main objective of the Dairy programmed
operation flood which was launched

INDUSTRY PROFILE
The Indian dairy industry has made rapid progress since
independence .a large number of modern milk and milk products factories have
been established. These organized dairies have been successfully engaged in the
routine commercial production of pasteurized milk and milk
products.India is the worlds largest milk producer that is certified by the

international dairyindustry
.Dairy is a place where handling of milk and milk products is done and technology
refers to theapplication of scientific knowledge for practical purpose. Dairy
technology has been defined asthat branch of dairy science, which deals with the
processing of milk and manufacture of milk products on an industrial scale.In
India, dairying has been practiced as a rural cottage industry since the remote past.
Semi-commercial dairying started with the establishment of military dairy farms
and co-operative milk unions throughout the country towards the end of the
nineteenth century.During the earlier years, each househ
old in those countries maintained its family cow or
secured milk from its neighbor who supplied those living closed by. As the urban
populationincreased, fewer households could keep cow for private use. The high
cost of milk production, problems of sanitation etc, restricted the practice and
gradually the family cow in the city waseliminated and city cattle were all sent
back to the rural areas.Gradually farmers within easy driving distance began
delivering milk over regular routes in thecities. This was the beginning of fluid
milk-sheds which surround the large cities of today. Prior to the 1850s most milk
was necessarily produced within a short distance of the place of consumption
because of lack of suitable means of transportation and refrigeration. The
Indiandairy industry has made rapid progress since Independence. A large number
of modern milk plants and products factories have since been established. These
organizes dairies have beensuccessfully engaged in the routine commercial
production of pasteurized bottle milk and variousWestern and Indian dairy
products. With modern knowledge of the protection of milk duringtransportation, it
became possible to locate dairies where land was less expensive and cropscould be
grown more economically.

Secondary objective

To know the ability of the firm to meet its current obligations

To highlight the short comings in the area of finance with the aid of comparative
analysisand common size analysis to give recommendations with a view to
increase efficiency of the company.
RESEARCH METHODOLOGY
Research methodology is a method to solve the research problem systematically. It
involvesgathering data, use of statistical techniques, interpretation and drawing
conclusion about theresearch data.

Research DesignDescriptive form of research method is adopted for this study. The
major purpose of descriptive research is description of state of affairs of the
institution as it exists at present.The nature and characteristics of the financial
statement of Milma dairy in Palakkad has beendescribed in this study.
Data Collection MethodThe data required for the study has been collected from
secondary sources. It is collected fromthe audited financial statements, annual
reports of the company.

Financial Tools UsedFinancial statement gives complete information about asset,

liability, reserves, equity,expenses, profit and loss of an enterprise. They are not
readily understood to interested partieslike creditors, shareholders, investors. Thus,
various techniques are employed for analysis andinterpretation of financial
statement. Tools which are commonly used for analyzing andinterpreting financial
statements are

Ratio analysis

Common size statement

Comparative financial statement

Period of Study