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DHARWAD MILK UNION
EXECUTIVE SUMMARY
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Govt. First Grade College Hubli
DHARWAD MILK UNION
This project is carried out in Dharwad Milk Union, which is a part of Karnataka Milk Federation (KMF). KMF is a co-operative apex body in the state of Karnataka representing dairy farmer's organization and also implementing dairy development activities to achieve the dairy objectives. KMF has 13 milk unions and D.M.U. is one among 13 unions. The project helps to study the practice of short term requirements by D.M.U. in the past five years and to calculate management's performance in the past five years. Higher would be the amount of risk. Toward of both risks of ill-liquidity and excess liquidity, the firm should maintain an optimum level of current assets. An adequate working capital is required for smooth running of the firm. This study is undertaken to analyze the firm's liquidity and to test firm's efficiency in utilization of its current assets and resources. Objective of the study: To examine the establishment, organization and operational dimensions of the D.M.U. To know the liquidity position of the firm To examine the management performance in components of ratio analysis. To know the how actually finance dept functions. To test firm's efficiency in utilization of its assets and resource
Information Requirement: 2
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To meet there requirement of project title and project objectives, I required information about: Various current assets and their proportions Various current liabilities and their proportions Cash balance required by the company for various periods. Investment in debtors by the company.
Need for the study:

This study is undertaken to know the present liquidity position of the Dharwad Milk Union, Dharwad. The working of D.M.U. since its establishment is a cause of worry as it has failed to produce desired results. The organization now, depends on the government help are borrowed capital from the financial institutions. This project will throw light on firm's competitiveness with other firms and it also throws light on the financial position and adequate ratio analysis, which the firm possesses. This study carried out to know whether D.M.U. has properly utilized its resources and assets are not and also ascertain the liquidity position of the firm. Limitations of the Study: As this an academic efforts, it is limited by time, cost and coverage. This study covers only a part of D.M.U. The present covers only 5 years data.
DHARWAD MILK UNION
DHARWAD MILK UNION INDUSTRIAL PROFILE

HISTORY: Development of Dairy Industry in India:
During the pre-independence era, there was no serious press given to dairy industry. In 1886, the department of defense of the British Government establishes the dairy forms for the supply of milk to the British troops in Allahabadh. Later, in 1920, serious steps were taken by Mr. William Smith, an expert in dairy forming to improve the milk production. There was discrimination done to the Indians. Hence this led to the rise of the first milk union in India. In Lucknow, in 1937, called "The Lucknow Milk Producers Cooperative Union Ltd. The dairy and animal husbandry received attention after the independence. There was lot many of progressive steps taken by the govt. through five year plans. Indian councils for the agriculture research mostly drew up these plans. Further, our late Prime Minster Lal Bahaddur Shastri felt the need for setting up co-operative society throughout the country for the sake of rural development. This led to the formation of "National Dairy Development Board" in 1965. This board was registered under the Societies Registration Act and the Public Trust Act, having its office at Anand, Gujarat.
DHARWAD MILK UNION 2.1 Introduction to Karnataka Milk Federation:

The first dairy in Karnataka was started in Kudige in Kodagu district in 1955. In 1975, the World Bank aided dairy development was initiated. The present Karnataka Milk Federation (KMF) came into existence in 1984 as a result of merging of Karnataka Dairy Development Co-operation, small co-operatives and Karnataka Milk Producers Development and loose vendors. The Karnataka Milk Federation is apex body in the state of Karnataka representing dairy organization and also implementing dairy development activities to achieve the dairy objectives. The KMF implements all the project activities. After all project activities are accomplished, the Federation aims at formulating Marketing strategies in marketing the milk and milk products. The Karnataka Milk Federation, which has the following functions. The foremost function of Karnataka Milk Federation was to coordinate the activities between the Union and also in making market available, so that the production increases. The federation also manages to market milk and milk products outside the state. It manages surpluses and deficiencies of liquid milk among the milk union and helps in dispatching the milk and milk products at reasonable price. Training and development senior managerial personnel, acquiring and applying all recent technologies, prescribing quality guidelines and norms. Provides balanced cattle feed, mineral mixture, frozen semen straws and liquid nitrogen reproduced and distributes to Unions Excellence in quality is maintained to play a solid foundation for wide spread acceptance of these milk and milk products. 6
DHARWAD MILK UNION Units of K M F:

I. Mother Dairy, Yelahanka, Bangalore II. Nandini Milk Products, KMF Complex, Banglore. III. Cattle feed Plant at Rajankunte/ Gubbi/ Dharwad/ Hassan. IV. Nandini Sperm Station at Hessarghatta. V. Pouch Film Plant at Munnekolalu, Maratahalli VI. Central Training Institute at KMF complex, Banglore. VII. Quality Control Lab KMF complex, Banglore.
List of cooperatives milk producers societies union:
DHARWAD MILK UNION 2.2 DHARWAD MILK UNION
Address Dharwad District Co-operative Milk Producers' Societies' Union Ltd Product Dairy, Lakkammanahalli Industrial Area DHARWAD - 580 004. Karnataka Phone 0836-2467603 / 2468380 / 2467643 Fax 0836-2468268
DHARWAD MILK UNION DETAILS OF DHARWAD MILK UNION:

ESTABLISHMENT: The Dharwad Milk Union is Co-operative society among the 13 establishments, under KMF. The Dharwad Milk Union (DMU) is one of the most modern plants in Karnataka. It is located in the specious 25 acres of land, located in Lakkammanahalli Industrial Area, adjacent to the National Highway-4. It is patterned after the AMUL Milk Dairy, Anand, and Gujarat. HISTORY: A group of experienced officers, appointed by the Karnataka Milk Federation surveyed the whole of Dharwad districts (including two newly formed districts Gadag and Haveri) and Uttar Karnataka. Further they found out, there is a need for a Milk Dairy. They traveled the surrounding villages, educated the villagers about Milk and Milk Products and the benefits, they would get from the Milk Dairy. Seeing the overwhelming response and untapped resources and the huge market, the Federation decided to setup the Milk Union in 1984, known as the DHARWAD DISTRICT CO-OPERATIVE MILK PRODUCERS SOCIETIES UNION LIMITED. Further in 1988, the Rayapur Dairy and Chilling Center, setup in 1968, also come under the union. In 1989, the training center, which was controlled by KMF, came under Dharwad Milk Union. The main purpose of establishing this unit is to encourage milk producers inhabited in rural areas. It has 8 chilling plants spread over the above 4 districts and production plant in Dharwad, the turnover is on an average of 4 crores per year.
Objectives:
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To provide assure and remunerative market for the milk produced by the formers. To provide good and best quality milk to its consumers. To build bridge between masses of rural producers and millions of consumers. To achieve socio-economic revolution hinterland of the state. To ensure maximum returns to the milk producers. To facilitate rural development by providing opportunities for selfdevelopment at village level. To build village level institutions in co-operative sector to manage the dairy activities. To provide milk at reasonable rates to the consumers.
2.3 COMPANY PROFILE

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Status Nature of Business
A co-operative society registered under the Co-operative act 1959 Procuring and Marketing of Milk Production and Sale of Milk Products
Share Capital Plant Capacity
3 crores Approx. 2 Lakhs Liters / day Milk Powder 12 MT /Day Butter 6 MT / Day Ghee 6 MT / Day
Milk Chilling Centres and Capacity
Gagad Haveri
20000 LPD 20000 LPD
Hirekerur 20000 LPD Naragund 8000 LPD Ron Sirsi Karwar packing unit 10000 LPD 20000 LPD
The milk in bulk is sent for packing and distribution at Karwar Which supplies and need of Karwar, Gokama, Honnavar, Bhatkal, Murdeshwar and Goa
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Present Value of Activity Area of Operation Board of Directors
Collection of Milk
70000 LPD
Sale of Milk 60000 LPD Dharwad, Haveri, Gadag, Uttar Karnataka, Goa Parts of Maharashtra Elected Member Ex-Officers 8 5
Total Workers Location Department Brand Name Products
By Govt. 3 383 Workers Lakamanahalli Industrial Area, Dharwad 8 Nandini Milk Toned Milk, Standard Milk, Shubham Milk Milk Products
Co-operative Societies at Village Level
Butter, Ghee, Pedha, Curd, Lassi, Paneer, Milk Powder 460 Societies
2.4 PRODUCT MIX OF KMF
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KMF, Dharwad Unions milk and milk products Toned Milk Karnatakas most favorite milk. Nandini Toned Fresh and pure milk containing 3.0% FAT and 8.5% SNF, available in 500ml and 1ltr packs.
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Shubham Buffalos milk, 100% pure pasteurized processed and packed hygienically, this milk has 5% FAT and 9% SNF. Available in 500ml and 1ltr and also available in 5ltrs packs for marriages and other functions Full Cream Milk Full cream milk, Containing 6% FAT and 9% SNF. Rich, creamier tastier milk, ideal for preparing home - made sweet and savories. Available in 500ml and 1ltr packs
Homogenized Toned Milk Nandini homogenized milk is pure milk. Which is homogenized and pasteurized, consistent right through, it gives you more cups of tea or coffee and is easily digestible. Available in 500ml packs Curd: Nandini curd made from pure milk, its thick delicious giving you all the goodness of homemade curds. Available in 200gms and 500gms sachet
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Milk Powder Enjoy the taste of pure milk! Skimmed milk powder made from pure milk, processed and packed hygienically. Available in 100gms, 200gms, 500gms, 1kg and 25kg pack
Butter Rich, Smooth and delicious. Nandini butter is made out of fresh pasteurized cream, rich taste, smooth texture and the rich purity of cows milk makes any preparation a delicious treat. Available in 100gms (slated), 200gms and 500gms cartons both salted and unsalted. Pedha No matter that you ate celebrating! Made from pure milk, Nandini Pedha is a delicious treat for the family. It will be store at room temperature approximately 7 days. Available in 250gms pack containing 10 piece each.
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Ghee A state of purity, Nandini ghee made from pure butter. It is fresh and pure with a delicious flavor, hygienically manufactured and packed in a special pack to retain the goodness of pure ghee. Shelf life of 6 months at ambient temperature. Available in 200ml, 500ml
2.5 Work Flow Model

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Production process has the following work flow model:-
DCS
Fresh liquid milk
Sample testing
Fat and SNF
Chilling
Storing
Pasteurization
Separation
Homogenization
Storing
Packing
Dispatching
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ORGANIZATION CHART
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Presidents
Director (Elected-8)
Director (Ex-officer-5) Managing director
Directors (Nominated-3)
P&I
Production Production
Finance
Admin
Security
Marketing
Dy Manager
Dy Manager Q.C Officer
Dy Manager
Dy Manager
Sr. Supervisor
Dy Manager
Extension Officer
A/cs Assistant
Assistant
Jr. Supervisor
Assistant
Helper
Assistant
Helper
Helper
Helper
Workers
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DHARWAD MILK UNION Administration Department

The Administration Department controls the overall functioning of the organization. The department looks after administration functions such as payment of salaries, arrangement of meeting, formation of policies etc. The general functions of this department are as follows.
Maintenance of files, records etc., up-to-date. Collecting and presenting data in the form of useful information from the records. Implementing the organization systems, producers and policies in a coordinate manner. Ensuring smooth running of the office by interfacing with the external agencies as required. For eg: Payment of telephone bills, electricity, water supply bills etc., Maintenance of officer premises, Providing required facilities etc.,
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Structure of Administration department
Deputy Manager
Asst. Manager (Board)
Asst. Manager (Personnel)
Admn Superintendent Admn. Superintendent Admn. Assistant
Time
Canteen
Security
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DHARWAD MILK UNION Purchase Department

The main work of this dept. is to purchase various materials required by different departments. After ascertaining the stock position by stores dept. and indent is sent by different dept. duly approved by the managing director. This dept act to purchase materials. It also maintains records of all the supplies, calls for tenders, quotations, etc. Quotations with lowest rate are sanctioned, purchase dept. can make purchase up-to Rs.50,000. If the purchase amount is more than Rs.50,000 then the approval of managing director is must.
Structure of Purchase Department

Purchase Officer
Purchase superintend
Assistant purchase officer
Helpers
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DHARWAD MILK UNION Marketing Department:

This department manages the sale of milk and milk products and the advertisements. It sells the goods in four districts in the brand name Nandini
The DMU, marketing department has the following tasks. Marketing of milk and milk products through own network. Market development and sales promotion. Reconciliation of sales with all agents, outlets and milk parlors. Consumers grievances. Need based marketing (Pedha, ghee etc.,) To take up suppliers
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Structure of Marketing Department

Manager
Deputy Manger (Account / Audit
Deputy Manger (Account / Audit Asst. Manager (Tech. Officer)
Asst. Manager
Supervisor (FGS/Stores)
Supervisor
Market assistant
Market assistant
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Finished Goods Stores The department acts interface between production and marketing department. It is mainly concerned with the maintenance of finished goods and its records. The goods stored are mainly non-pre indent sent by marketing department. This department maintains the first in first our (FIFO) method to manage the stock.
Structure of Finished Goods Stores Department

Assistant Manager
Marketing Assistant
Account Assistant
Dairy Operator
Dairy Workers
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DHARWAD MILK UNION Procurement and Input Department

Procurement and input department is concerned with procurement of milk and input i.e., technical facilities. Once a milk societies established the P&I department starts functioning and makes other provisions.Milk procurement process done all the 365 days and two times a day and DMU procuring milk routes will for the purpose of convenience of transportation. DMU making a minimum Rs.8 for cow milk and Rs. 10.50 for buffalo milk. Some times price may vary with quality. Procurement of milk varies from season to during flash season i.e., from September to late December the milk productivity will be high. During summer it will come down.
INPUTS
To upgrade the functioning and expand the productive capacity of each society the union provides many facilities. 1. Remunerative price for the milk produced. 2. Supplying powder seeds for animal development. 3. Imparting training to all the members of co-operatives for smooth functioning of co-operatives.
4. Subsidized cattle feed to the members of the society. 5. DMU has 13 Doctors to provide door-to-door service. 6. First aid centers in every co-operative society.
7. Conducting animal health camp every 2 weeks 27
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Structure of Procurement and Input Department

Manager
Procurement Manager
Technical wing
Deputy Manager
Deputy Manager
Assistant Manager
Assistant Manager
Extension officer
Clerks
Helpers
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Production Department:
The main object of this department is to follow up production schedule as per plan and to maintain close and co-operative relationship with other department and ensures to upgrade the technical efficiency of production. Most of the production equipments are imported from Sweden and Denmark. The entire production has procedure and at every stage of production, proper care is taken to maintain the quality and freshness of milk and milk production.
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Structure of Production Department:
Manager (Dairy)
Deputy Manager
Office Staff
Asst. Manager Asst. (Accounts) Technical Officer Clerk Senior Supervisor Typist Asst. (Stores)
Junior Supervisor
Dairy Operators
Dairy technician
Dairy Worker
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Quality Control Department:

The main task of the quality control department is checking the quality of milk and milk products in the plant. There are various tests conducted by the officers to meet this requirement. If any product does not pass through the quality standards then that is rejected. Even before dispatching the products they undergo testing and they must approved by the quality department.
Quality Control Department Structure

Deputy Manager
Asst. Manager
Asst. Manager
Quality Asst. Officer (Chemicals)
Quality Asst. Officer (Bacteriology)
Quality Analyst Lab Asst Quality Asst.
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Human Resource Department:

This department looks after the recruitment, selection and welfare of the employees. It also conducts training and orientation programmes, facilities given to employees are given as follows. Transportation Medical Uniform Canteen Provident fund Gratuity Women's pregnancy allowance
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DHARWAD MILK UNION Finance Department:

This department controls the financial activities such as preparation of annual report, maintenance of accounts etc., This department is responsible for keeping all the inward and outward flow of money of unions. It prepares budget every year and financial rules for receipts and payments are framed. Functions: To prepare monthly accounts (receipts and payment a/c, Profit & Loss A/c, Balance Sheet). To prepare quarterly financial statements. To prepare integrated business plans. To prepare year ending financial statement. To get accounts audited from statutory books of accounts. DMU follows 2 types of auditing Pre-audit system: Done by finance and A/Cs every year. Statutory system: Done by private chartered accountants every year.
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Structure of Finance Department

Deputy Manager
Asst. Manager
Asst. Account Officer
Asst. Account
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DHARWAD MILK UNION Research & Methodology

This Project is carried out in Dharwad Milk Union, which is a part of Karnataka Milk Federation (KMF). KMF is a co-operative apex body in the state of Karnataka representing dairy farmers organization and also implementing dairy development activities to achieve the dairy objective. KMF has 13 milk unions and Dharwad Milk Union is one among13 unions. The project helps to study the practice in Working Capital of Ratio analysis in DMU, in the past five years and to calculate management performance in the past five years. Statement of Problem: The study has been taken in the organization for the purpose to know the different types of ratio analysis of the company for five years. Objectives of Study To examine the establishment, organization and operational dimensions of the DMU. To know the liquidity position of the firm To examine the management performance in components of ratio analysis. To test firm's efficiency in utilization of its assets and
resources. To study the financial position of the firm.
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Methodology of data collection:

The present study is carried out financial position of the Dharwad Milk Union, which attempts to analysis and interpretation by using ratio analysis technique & concepts of working capital. Tabular formats are also used to show the data
calculations with theoretical explanations. Sources of Data: 1. primary Data 2. Secondary Data. 1. Primary Data: The information is collected from the personal interaction with the finance manager of Dharwad Milk Union. 2. Secondary Data: This is collected from Dharwad Milk Union Annual Reports for Five Year(2004-2005 to 2008-2009) and also through Information from the text sources. Information from the internet sources. Information from the materials provided by the concern.
Limitations of the study: 1. As this an academic efforts, it is limited by time, cost, and coverage. 2. This study covers only a part of Dharwad Milk Union. 3. This present covers only five years data. 4. It covers the only annual report of the firm. 37
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SWOT ANALYSIS
STRENGTH:
The product manufactured is unique in nature. As they manufacture only one product. Their production is continuous so the production process is easy.
The product has excellent brand awareness and high quality image. :> They provide training to the members of co-operative society regarding cattle feed and animal husbandry. Most of the production process is mechanized.
:>
WEAKNESS:
They don't have market other routing the product to co-operative society. As there is no labor union here, so workers participation is less.
They don't have any power to recruit employees.
OPPORTUNITIES:
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As they have fixed market the revenue and orders are constant. Most of the monetary transactions are takes place through milk unions and they are less involved but they get regular payments.
As they have fewer competitors so sales and profits are good They have generated confident the mind of farmers regarding the product.
THREATS:
As the land holding of farmers is more so they are less interested in animal husbandry. The organization does not have outlets for its product other than cooperative societies.
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DHARWAD MILK UNION Introduction of Working Capital Management

Management of the working capital is nothing but the management of current assets. The management of the current assets includes Inventory, Received, Debtors, Book debts, Short-term assets cash and bank balances. The management of fixed and current assets, however differs in three important ways. 1. In managing fixed assets time is a very important factors, consequently, discounting and compounding techniques play a significant role in capital budgeting and minor one in the management of current assets. 2. The large holding of current assets, especially cash. Strengthens, the firms liquidity position (reduces risk ness), but also reduces the overall profitability. Thus a risk returns trade off is involved in holding current assets. 3. Level of fixed as well as current assets depends upon expected sales, but it is only current assets, which can be adjusted with sales fluctuations in the short run. Thus the firm has a greater degree of flexibility in managing current assets. Working Capital refers to the amount of capital which is readily available to an organization that is, working capital is the difference between resources in cash and readily convertible into cash (current assets) and organizational commitments for which cash will soon be required(current liabilities) Thus, working capital involves activities such as arranging the short-term finance, negotiating favorable credit terms, controlling the movement of cash, administrating accounts receivables and monitoring the investments also a great deal of time.
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DHARWAD MILK UNION Importance of Working Capital Management

Adequate working capital created certainty, security and confidence in the minds of the persons in the management as well as in the minds of creditors and workers. 1. It creates a good credit standing for the firm because credit standing depends upon the ability to pay promptly. A Company with adequate working capital is always able to meet current liabilities. 2. It ensures solvency and stability of the enterprises. It also ensures continuity in production and sales. It enables the company to tace advantages of cash discount offered by the suppliers of raw materials or merchandise. 3. It enhances the prestige of the company and moral of its workers because a company with adequate working capital is always able to pay wages and salaries promptly and regularly. 4. It enables the company to procure loans from bands on easy and competitive terms.
Objectives of Working Capital Management

The objectives of Working Capital Management are as follows: 1. It is in terms of profitability and risk, the aggressive financing strategy and the conservative financing strategy for total permanent and seasonal fund requirements. 2. The need for working capital as related to operating/cash cycle, permanent and temporary working capital. 3. In general terms the factors having a bearing on the total quantum of working capital required. 4. The computation of working capital, using both the cash cost approach and the operating cycle approach.
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DHARWAD MILK UNION Components of Working Capital

There are two components of Working Capital A. Current Assets B. Current Liabilities
A.
Current Assets:
Components of Current Assets are as follows 1. Cash and Bank Balance. 2. Stock of raw material at cost-work in progress and finished goods. 3. Advanced recoverable in cash or kind or for value to be received. 4. Deposits under the company scheme. 5. Advanced payment of income takes credit certificates. 6. Outstanding debts for a period exceeding six months. 7. Balance with central excise authorities
B.
Current Liabilities:
Components of Current Liabilities are as follows 1. Sundry creditors for the goods and expenses. 2. Income tax deducted at sources from contractors. 3. Expenses payable. 4. Unclaimed dividend. 5. Security deposits. 6. Liabilities for bills discounted. 7. Bank overdraft acceptance.
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DHARWAD MILK UNION Introduction of ratios

When we observed the financial statement comprising the balance sheet & profit or loss account is that they do not give all the information related to financial operations of the firm, they can provide some extremely useful information to the extent that the balance sheet shows the financial position on a particular date in terms of structure of assets, liabilities and owners equity and profit or loss account shows the result of operation during the year. Thus the financial statements will provide a summarized view of the firm. Therefore in order to learn about the firm the careful examination of in valuable reports and statements through financial analysis or ratios are required. Meaning & definition Ratio analysis is one of the powerful techniques which is widely used for interpreting financial statement. This technique serves as a tool for assessing the financial soundness of the business. The idea of ratio analysis was introduced by Alexander wall for the first time in 1919. Ratios are quantitative relationship between two or more variables taken from financial statements. Ratio analysis is defined as, the systematic use of ratio to interpret the financial statement so that the strength and weakness of the firm as well as its historical performance and current financial condition can be determined in the financial statements we can find many items are co-related with each other for e.g. current assets and current liabilities, capital and long term debt, gross profit And net profit, purchase and sales etc To take managerial decision the ratio of such items reveals the soundness of financial position. Such information will be useful for creditors, share holders, management.
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DHARWAD MILK UNION Limitations of Ratios:Ratios should be used with extreme care & consideration judgment because they suffer from certain serious drawbacks; some of them are listed below: Ratio can sometimes be misleading if an analyst does not know the reliability & soundness of the figures from which they are computed & the financial position of the business at other times of the year. The mechanics of ratio construction are not as important as the proper interpretation of the ratios. As a matter of the fact, ratios are only the primary step in interpretation. They call attention to certain aspects of a business which need detailed investigation before arriving at any final conclusion. Ratio can never be substituted of raw figures. At the time of interpretation, therefore raw figures should also be referred too. Price level changes makes ratios analysis difficult.
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8.1 Types of Ratios:Ratio as tool of financial management is of crucial significance. Ratios are tool of measuring liquidity, profitability, efficiency & financial position of the firm. Ratio can be classified into 4 basic types 1) Liquidity Ratio: Liquidity Ratio provides test to measure the ability of the firm to cover its short-term obligations out of its short-term resources. Interpretation of liquidity ratios provides considerable insight into the present cash solvency of the firm & its ability to remain solvent in times of adversity. It is mainly classified into 2 types, viz., a) Current Ratio b) Quick Ratio 2) Leverage Ratio: Leverage ratios generally designed to measure the contributions of the firms owners vis-vis the funds provided by its creditors. These ratios are computed to solicit information along the following lines1) The firms ability to weather times of stress & to cover all its obligations including Short-term & Long-term obligations. 2) The margin of safety afforded to the creditors 3) The extent of control of stock holders over the firm. 4) The potential earnings from the use of loan funds. 48
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It is mainly classified into3 types, viz., a) Total debt ratio b) Debt equity Ratio c) Interest coverage Ratio
3) Activity Ratio: Activity ratios reflect how efficiently the firm is managing its resources. This ratio expresses relation between the level of sales & the investment in various assets: inventories, receivables, fixed assets, etc It is mainly classified into 10 types, viz., a) Inventory turnover Ratio b) Inventory conversion period c) Debtors turnover Ratio d) Debtors collection period e) Gross operating Ratio f) Creditors turnover Ratio g) Creditors collection period h) Net asset turnover Ratio i) Current asset turnover Ratio j) Working Capital turnover Ratio
4) Profitability Ratio: Profitability Ratios are the best indicators of overall efficiency of a business concern because they return of value put into business with sale or service carried on by the firm with the help of assets employed. It is mainly classified into 6 types, viz., 49
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a) Gross profit Margin Ratio b) Net profit Margin Ratio c) Operating expense Ratio d) Proprietary Ratio e) Return on investment Ratio (ROI) f) Return on equity Ratio (ROE)
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1)
Current Ratio:
The current ratio of a unit measures firms short-term solvency, that is, its ability to meet short-term obligations. It is the ratio of total current to the current liabilities. The current ratio measures the ability of the firm to meet its current liabilities-current assets get converted into cash in the operating cycle of the firm and provides the funds needed to pay current liabilities.
Current assets Current Ratio = Current Liabilities
Table:-0.1 The Table Showing Current ratio
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Year 2004-2005 2005-2006 2006-2007 2007-2008
Current Asset 60717987 71181059 63658413 86229464
Current Liability 32652240 43576692 35978861 53736056
Ratio 1.86 1.63 1.77 1.60
Chart:-0.1 The chart Showing Current ratio

CURRENT RATIO 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00
Ratio
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2004-2005 2005-2006 2006-2007 2007-2008 Year
DHARWAD MILK UNION
Interpretation:
The Table 1 revels that the liquidity position of Dharwad milk union is satisfactory even though the ratio of all five years less than the conventional norm i.e, 2 because the Dharwad milk union is a public utility firm, as for the conventional rule concerned the public utility firm's liquidity position is satisfactory even though the current ratio is less than the conventional norm. here fore the liquidity position of Dharwad milk union is satisfactory.
2) Quick Ratio/Liquidity Ratio:

This ratio is also termed as Acid-test ratio. A quick ratio is concerned with, the relationship between quick asset & current liabilities. It is a measure of liquidity calculated dividing current assets minus inventory and prepaid expenses by current liabilities. The Quick Ratio is the ratio between quick current assets & current liabilities. It is calculated by dividing the Quick Current Assets by the Current Liabilities.
Quick current assets Quick Ratio= Current Liabilities 53
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Table:-0.2 The Table Showing Quick Ratio
Chart:-0.2 The Chart Showing Quick Ratio
Quick ratio 1.20 1.00 0.80 0.60 0.40 0.20 0.00 2004-05 2005-06 2006-07 2007-08 2008-09
Year 200405 200506 200607 200708 200809 Quick Assets 30921237 49441611 39499292 56085341 48084737 Current Liabilities 32652240 43576692 35978861 53736056 58079322 Quick ratio 0.95 1.13 1.10
Quick ratio
1.04 0.83
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2. Interpretation:
It may be inferred from Table 2 the liquidity ratio of Dharwad Milk Union is good in the last 2005-2008 years, but in the year 2004-2005 the liquidity ratio is less than standard norm i.e. 0.95. It indicates that liquidity ratio of D.M.U is not good. However, from 2005-06 to 2007-08 the liquidity ratio is more than the standard norm. However, in 2008-09 the ratio becomes less than the 2004-05, so it shows liquidity ratio of D.M.U is not constant or good. Therefore, it indicates that the company is able to pay its current liabilities with quick assets. The D.M.U is able to utilize its current assets properly & the inventory movement is quicker & debt payment is faster.
3) Inventory Turnover Ratio

Every firm has to maintain certain level of inventory of finished goods, so as be meeting the requirements of the business. The inventory turnover reflects the efficiency of inventory management. The higher ratio reflects more efficient the management of inventories and vice versa This ratio establishes relationship between cost of goods sold during a given period of time and average amount of inventory held during that period. 55
DHARWAD MILK UNION
It can be ascertained by following formula:
INVENTORY TURNOVER RATIO= COST OF GOODS SOLD AVERAGE INVENTRY Cost of Goods Sold= Sales- Gross Profit Average Inventory= Opening Stock + Closing Stock / 2
Table:-0.3 The Table Showing Inventory Turnover Ratio

Year 2004-05 2005-06 2006-07 2007-08 2008-09 Cost of Goods Sold 346684070 446321775 397561561 439840674 495039505 Average Inventory 28794259 25768074 22949260 27151622 28714623 Inventory Turnover Ratio 12.04 17.32 17.32 16.20 17.24
Table:-0.3 The Table Showing Inventory Turnover Ratio

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DHARWAD MILK UNION
3) Interpretation
It may be found from Table 3 the inventory turnover of Dharwad Milk Union is increasing & decreasing trend. The D.M.U is increases its efficiency of selling the products. In 2004-05 its inventory turns over i.e. 12.04. But in 2005-06 to 2008-09 years the firm performance is better to selling its products. The D.M.U is maintain this way it sells the inventory very fast & the efficiency of the firm in selling its products is better.
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DHARWAD MILK UNION 4) Inventory Conversion Period:

Inventory period is the time lag between the purchase of raw materials & sales of finished goods. It includes: Raw material conversion period W-I-P conversion period Finished goods conversion period The Inventory Conversion Period can be ascertained by following formula:
INVENTORY CONVERTION PERIOD = NO. OF DAYS IN A YEAR INVENTORY TURNOVER RATIO
No. of days in a year = 365 days
Table:-0.4 The Table Showing Inventory Conversion Period

Year 2004-05 2005-06 2006-07 2007-08 2008-09 No. of Days in a year 365 365 365 365 365 I.T.R 12.04 17.32 17.32 16.2 17.24 Inventory Conversion Period 30.32 21.07 21.07 22.53 21.17
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DHARWAD MILK UNION
Chart:-0.4 The Chart Showing Inventory Conversion Period
4) Interpretation
The table 4 shows that the Dharwad Milk Union is taking how many days to convert the raw material into finished products. In last 5 years the company is improved its conversion period yearly. In the year 2004-05 the D.M.U has taken more days to convert inventory. But in 2005-06 to 2008-09 the D.M.U is taken less days to convert inventory. It indicates that fast to conversion of inventory & sells the goods fast. There the D.M.U is maintain better inventory conversion period.
5) Debtors Turnover Ratio

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DHARWAD MILK UNION

Debtors Turnover Ratio is an important part of current asset; it is determining by dividing the net credit sales by average debtors outstanding during the year. The analysis of the creditors turnover ratio supplements the information regarding the liquidity of 1 item of current asset of the firm. The ratio measures how rapidly receivables are collected. A high ratio is indicative of shorter time-lag between credit sales & cash collection. A low ratio shows that debts are not being collected rapidly. It can be ascertained by following formula:
DEBTORS TURNOVER RATIO = TOTAL ASSETS DEBTORS
Total Sales includes all type of sales Debtors Sundry Debtors
Table:-0.5 The Table Showing Debtors turnover Ratio

Year 2004-05 2005-06 2006-07 2007-08 2008-09 Total sales 390565568 489014708 468283461 511817606 607962384 Debtors 12555600 18599457 10967229 17244418 22068434 Debtors Turnover Ratio 31.11 26.29 42.70 29.68 27.55
Chart:-0.5
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DHARWAD MILK UNION The Table Showing Debtors turnover Ratio
5) Interpretation
The table 5 shows that the in last 5 years debtors turnover ratio of Dharwad Milk Union. In 2004-05 to 2005-06 the debtors are not collected rapidly. But in the year 2006-07 the debtors are collected rapidly i.e. 42.7. In 2007-08 & 2008-09 again the debtors turnover ratio is decreases 27.54. There for the D.M.U is maintaining better sales but managing its debts collection is not efficiency.
6) Debtors collection Period:

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DHARWAD MILK UNION

Debtors collection period is the time required to collect the outstanding amount from the customers. It means the quality of debtors, since it indicates the speed of their collection. It can be ascertained by the following formula:
No. of days in a year

Table:-0.6 Debtors Collection Period = the Table Showing Debtors Collection period
Debtors Turnover Ratio
Table:-0.6 The Table Showing Debtors Collection period
Year 2004-05 2005-06 2006-07 2007-08 2008-09
No of days 365 365 365 365 365
Debtors Collection Ratio 31.11 26.29 42.70 29.68 27.55
Debtors Collection period 11.73 13.88 8.55 12.30 13.25
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DHARWAD MILK UNION
Chart:-0.6 The Chart Showing Debtors Collection period
6) Interpretation
The table 6 revels that the debts collection period of Dharwad Milk Union. In 2004-05 to 2005-06 the debts collection period increasing trend. It indicates that the customers are not made payment promptly. But in the year 2006-07 the debt collection period decreased to 9 days. It indicates that the customers had made the payment in that year. But in the year 2008-09 again the collection period is increasing 9 to 13 days.
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DHARWAD MILK UNION
7) Creditors Turnover Ratio

This ratio shows the velocity of the debt payment by the firm. It expresses the relationship between creditors & purchase. A low turnover ratio reflects liberal credit terms granted by suppliers, while a high ratio shows that accounts are to be settled rapidly. The creditors turnover ratio is an important tool of analysis as a firm can reduce its requirements of current assets by relying of suppliers credit. It is ratio between net credit purchase & the average amount of creditors outstanding during the year. It is calculated by following formula:
NET PURCHASE CREDITORS TURNOVER RATIO = AVERAGE CREDITORS
Table:-0.7 The Table Showing Credit Turnover Ratio

Year 2004-05 2005-06 2006-07 2007-08 2008-09 Net purchase 303770823 371288997 340907386 383026045 425591913 Average Cerditors Ratio 8752411 11987131 12411314 7944451 10812931 Credit Turnover Ratio 34.71 30.97 27.47 48.21 39.36
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DHARWAD MILK UNION
Chart:-0.7 The Chart Showing Credit Turnover Ratio
7) Interpretation
It may be inferred from table 7 there is up & down in the ratio of credit turnover. The ratio is low in 2006-07 it indicates that the Dharwad Milk Union credit payment is not 65
DHARWAD MILK UNION

good i.e. 27.47. It is not good to point of liquidity position but in 2007-08 the credit payment of D.M.U is increasing i.e.48.21. it indicates that D.M.U has paying credit properly.
8) Creditors Payment Period: The creditor payment period Ratio represents the average number of days taken by the firm to pay the creditors. It is calculated by the following formula
Year
Creditors Turnover Creditor's Payment No of days in a year days in a year N0.of Days in a Ratio Period Year Ratio Creditors Payment Period= Creditors Payment Period= 365 365 365 365 365
Table:0.8
2004-05 2005-06 2006-07 2007-08 2008-09
Creditors Turnover Ratio Creditors Turnover Ratio

34.71 30.97 27.47 48.21 39.36
10.52 11.78 13.29 7.57 9.27
The Table Showing Credit Payment Period
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DHARWAD MILK UNION
Chart:-0.8 The Chart Showing Credit Payment Period

Creditor's Payment Period 14 12 10 8 6 4 2 0 2004-05 2005-06 2006-07 2007-08 2008-09
8)
Interpretation:
It may be found from table no. 8 that there is ups & downs in a credit payment period of Dharwad milk union. In the year 2004-05 to 2006-07 the credit payment period of D.M.U is increasing trend i.e. 10 to 13 days. It indicates the company is not maintaining credit payment properly. But in the year 2007-08 & 200809 the credit payment period is low i.e. 8 & 9 days. It indicates that the D.M.U has taken less credit facility & paying the credit in time. It is good sign of the company to utilizing the credit facility properly.
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DHARWAD MILK UNION
9) Working Capital Turnover Ratio:

This ratio indicates whether the working capital has been properly utilized in making sales or not. This ratio measures the efficiency with the working capital It is taken as one of the short-term solvency of the business. It establishes the relation with the net sales. This ratio represents the number of times the working capital is turned over in course of the year i.e. it measures the efficiency with which the working capital is being used by the firm. It is calculated by the following formula:
Cost of Goods Sold Working Capital Turnover Ratio= Net Working Capital
Cost of good sold= Sales - Gross Profit Net Working Capital=Current Asset - Current Liability
Table:-0.9 The Table Showing Working Capital Turnover Ratio

Year 2004-05 2005-06 2006-07 Cost of Goods Sold 346684070 446321775 397561561 Net Working Capital 28065747 27604367 27659552 Working Capital Turnover Ratio 12.35 16.17 14.37
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DHARWAD MILK UNION

2007-08 2008-09 439840674 495039505 32493408 17290538 13.54 28.63
Chart:-0.9 The Chart Showing Credit Payment Period

Working Capital Turnover Ratio 35 30 25 20 15 10 5 0 2004-05 2005-06 2006-07 2007-08 2008-09
9) Interpretation:
The table shows depicts of Working Capital turnover ratio is increasing & decreasing trend. In the year 2004-05 & 2007-08 the ratio is high i.e. 12.35 & 16.16 It shows the D.M.U is properly utilized the working capital for making of sales. It reflects the working capital management is efficient. It indicated the D.M.U is not properly utilized the working capital. It is not good to company; it reflects the sale of the company. But in the year 2008-09 the working capital turnover ratio is high compared to the last 4 years i.e. 23.18. it is good to company.
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DHARWAD MILK UNION
10) Current Asset Turnover Ratio:

This ratio reveals the relation between cost of goods sold & current assets. The higher ratio, the better is the condition of the firm in utilizing its current assets. The higher ratio, the better is the condition of the firm in utilizing its current assets. The lower ratio indicates that the investment in the current asset has not bought commensurate gain to the firm. It is calculated by the following formula:
Total sales Current Asset Turnover Ratio = Current Assets
Table:-10 The Table Showing Current Assets Turnover Ratio

Year 2004-05 2005-06 2006-07 2007-08 2008-09 Total Sales 390565568 489014708 468283461 511817606 607962384 Current assets 60717987 71181059 63659413 86229464 75369860 Current Assets Turnover Ratio 6.43 6.87 7.36 5.94 8.07
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DHARWAD MILK UNION
Chart:-10 The Chart Showing Current Assets Turnover Ratio
10) Interpretation:
The table shows that how the Dharwad Milk Union is utilized its current assets. In the year 2004-05 to 2006-07 the ratio is increasing 6.43 & 7.36 it indicates that the D.M.U is utilizing its current assets more efficiently. It reflects the good current asset management. But in the year 2007-08 the ratio is decreases from 7.36 to 5.93. it indicates that the D.M.U is decreasing its current assets utilization. But its increased in the year 2008-09 therefore the D.M.U is efficiently manage its current asset. Someti inefficiently
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DHARWAD MILK UNION
11) Gross Operating Cycle:

The time lag between purchases of raw materials sale is gross Operating cycles. It refers to the sum of inventory period and debtors collection period. It is calculating by following formula:
GROSS OPERATING CYCLE = inventory conversation period + debtors Collection period Table:-11
Year Inventory Conversion Period 2004-05 2005-06 2006-07 2007-08 2008-09 30 21 21 23 21 Debtors Collection Period 12 14 9 12 13 Gross Operating Cycle 42 35 30 35 34
The Table Showing Gross Operating Cycle
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DHARWAD MILK UNION
Chart:-11 The Chart Showing Gross Operating Cycle
11) Interpretation:
The tables 11 revels that the Dharwad Milk Union is taking more days in 2004-05 i.e. 42 days comparing to five year to convert the raw materials into finished product & the collection inventory conversion &debts collection. For seeing last five year the gross
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DHARWAD MILK UNION
12) Net Operating Cycle:

Net Operating Cycle is the time length between the payment for Raw material purchases & the collection of cash for sale. It is the difference between Gross operating cycle & Creditors Conversion period. It is calculated by the following formula:
Net Operating Cycle=Gross operating Cycle - Creditors payment period
Table:-12 The Table Showing Net Operating Cycle

Year 2004-05 2005-06 Gross Operating Cycle 42 35 Creditor's Payment Period 10 12 Net Operating Cycle Cycle 32 23
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DHARWAD MILK UNION
2006-07 2007-08 2008-09
30 35 34
13 8 9
17 27 25
Chart:-12 The Chart Showing Net Operating Cycle

Net Operating Cycle Cycle 35 30 25 20 15 10 5 0 2004-05 2005-06 2006-07 2007-08 2008-09
12) Interpretation:
It may be inferred from Table 12 the Net Operating Cycle of the Dharwad Milk Union. There are ups & downs in the working capital period. In 200405 & 2007-08 the D.M.U was taking more days to complete the working capital Operating Cycle i.e.32&27 days comparing last five years. But in the remaining three years it takes lesser days to complete the working capital.
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9.1 Findings:
1. The current ratio is bellow the standard ratio & it is not good for companys point of view. It shows that it is not good position to meet the short term liabilities. 2. The liquidity ratio is according to standard ratio (1.1) & it is good for companys point of view. It shows the company is able to meet its liabilities in short period. 3. The debt equity ratio is showing decreasing trend in year by year. It indicates that the company is depending on more on internal sources, the more internal funds means the shareholders funds, it shows that the company is financially strong. (I.e. a low debt company) 4. Interest coverage ratio is towards the equity shareholder it shows decreases in financial year. 5. The inventory turnover ratios are not good. Less inventory ratio i.e. holding periods are increasing in conversion of work in progress to finished goods ratio is 54.46 & days are 24(average) 6. The debtors turnover ratio is good. It shows the collection of debtors is very prompt. 7. The creditors turnover ratio goes on increasing & creditors payment period is decreasing. 8. Working capital ratio is not good because it is decreasing year by year. 9. a net asset turnover ratio is also not good, ratio is 2.68(avg) the assets are not using properly. 77
DHARWAD MILK UNION
10. It shows gross profits are declining to firms ability to purchase raw materials at favorable terms & inefficient utilization of resources.
11. Operating profit ratio has increased in 2007-08 compare to 2004-05 because earning before interest & tax has increased but in ratio is 2.38 (avg) it is not good due to increases in expenses.
12. The return on investment is also not good to the company is investing Rs. 100 & getting Rs. 4 as return overall it shows that, the firm had not utilized the funds properly. 13. Since return on equity also increasing but it is not favorable. The firm is not getting more profit by its shareholders funds. It indicates that, the owners funds have not been properly utilized by the firm. 14. The return on total assets is also fluctuating it indicates that, the assets had not been utilized properly by the firm.
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DHARWAD MILK UNION
9.2 Suggestions:
1. It is suggested that the D.M.U has to reduce Inventory and increases investment in the form of quick assets, and then it can maintain good liquidity position. 2. In the recent years, the debt turnover ratio of DMU is decreases so, it is suggested to increases the debt turnover it help to maintain the debt collection.
3. In the recent years, the debts collection period of DMU is increasing, so it is advised to DMU to reduce the collection period.
4.
The study of inventory utilization ratio of DMU not properly utilizes their It is advised to adopt scientific inventory management to improve
inventory.
working capital . 5. The working capital turnover ratio is increasing trend in the recent year, it is suggested to DMU to increase working capital turnover ratio, so that it can maintain a sufficient working capital. 79
DHARWAD MILK UNION
6. It is suggested that DMU reduce its operating cycle, so that it can maintain sufficient working capital in the liquid form.
7. The current assets turnover ratio is in the recent year, it is suggested to DMU increase current assets turnover, so that it can generate more revenue by investing in the current assets.
8. It is suggested that DMU should reduce the time length of Net operating cycle by taking appropriate measures.
9.
DMU should have to appoint skilled and qualified employees and also new technology in machineries. It increases efficiency and quality of the firm.
10. DMU should have to computerize all the departments in order to increases efficiency and productivity of employees.
11. DMU should have take sales promotion measures like free home delivery to urban consumers. This help to increase the market share through increases sales.
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9.3 Conclusion:
The study of Ratio Analysis in the DMU is satisfactory. I got more information Ratio Analysis of the DMU it is more helpful to my study. The study of last five years liquidity position of the company is better. In last five years company is facing several problems in finance and marketing promotional activities. DMU has suffered losses due to financial problems & less quantity of milk supply in the previous years but in the recent year it is better position. It shows that DMU is improving its financial conditions & also utilizing its assets & resources properly. If DMU continues the same performance as in the current financial year, it can earn more profits
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Liabilities Capital Accounts

Reserves & Surplus Share Capital-A Class Share Capital-B Class Share Suspense
Amount
49007356 14182384 20000000 318240
Amount
8,35,07,980
Assets Fixed Assets

Fixed Assets
Amount
90571545
Amount
90571545 7310520
Investments
Investments 112719511
7310520 60717987 29796750 5116181 6198910 12555600 1276309 5774468 70279678 78049726 7624062 145985
Loans (Liabilities)
Secured Loans
112719511 32652240 2367917 4687203 8502899 1559726 6464176 269417 348437 8452411
Current Assets
Closing stock Deposits(assets) Loans&Advance Sundry Debtors Cash-in-hand Bank A/C
Current Liabilities
GRANTS O.S.L Other Liabilities Salary Recoveries Security Deposit A/C Unpaid Salary/Wages A/C Duties & Taxes Sundry creditors
Profit & Loss A/C

Opening Balance (-)Current Period Transferred
228879731
228879731
BALANCE SHEET FOR THE YEAR ENDING (2004-05)
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DHARWAD MILK UNION

Reserves & Surplus Share Capital-A Class Share Capital-B Class Share Suspense
Amount
49026583 17170800 20000000 276153
Amount
86473536
Assets Fixed Assets

Fixed Assets
Amount 88856612
Amount 88856612 4424600
Investments
4424600
21739398 5455195 9743275 18599457 670179.72 14972554
Loans (Liabilities)
Secured Loans
106042793 43576692 2386249 8369902 11772513 1345535 7140721 315862 258779 11987131 236093021
Current Assets
71181059
Current Liabilities
Profit & Loss A/C

Opening Balance Current Period 70279678 1353072
71632750
236093021
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DHARWAD MILK UNION

Reserves & Surplus Govt. loans Share Capital-A Class Share Capital-B Class Share Suspense
Amount
58982280 960480 19853156 20000000 276153
Amount
100072068
Assets Fixed Assets

Fixed Assets
Amount
95147041
Amount
95147041 4508600
Investments
Investments 97383678 4508600
Loans (Liabilities)
Secured Loans
Current Assets
Closing stock Deposits(assets) Loans&Advance Sundry Debtors Cash-in-hand Bank A/C 24159121 5443330 8361565 10967229 1418252 13408917
63658413
97383678 35978861 1373099 4235110 6385085 1528296 7484996 2040450 520510 12411314
Current Liabilities
Profit & Loss A/C

Opening Balance Current Period
70120553 71632750 1512197
233434608
233434608
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DHARWAD MILK UNION

Reserves & Surplus Govt. loans Share Capital-A Class Share Capital-B Class Share Suspense
Amount
58769799 960480 22318800 20000000 315536
Amount
102364616
Assets Fixed Assets

Fixed Assets
Amount
104041217 4535600 30144123 5030181 12231800 17244418 614518 20964421
Amount
104041217
Investments
4535600 86229464
Loans (Liabilities)
Secured Loans
Current Assets
88459946 53736056 8095709 4852589 7831523 866382 8849552 14856 78993 7944451 12460000 3675000 900000 244560618
Current Liabilities
GRANTS O.S.L Other Liabilities Salary Recoveries Security Deposit A/C Unpaid Salary/Wages A/C Duties & Taxes Sundry creditors Amrut yojane Amrut yojane DCS contribution NDDB Loans Suspence
Profit & Loss A/C

Opening Balance (-)Current Period
49754337 70120552 20366216
244560618
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DHARWAD MILK UNION

Reserves & Surplus
Amount
Amount
81257363
Assets Fixed Assets

Fixed Assets
Amount
Amount
104018933 22405306
Govt. loans
Share Capital-A Class Share Capital-B Class Share Suspense
35031382 960480 24879800 20000000 385700 82363231 82363231 58079322 18997285 516000 13410757 13410759 951041801 16021 224466 10812932 3128076 1484800 179570 221699916
104018933 22405306 27285123 5024656 10518108 22068435 717927 9755612
Investments
Investments
Loans (Liabilities)
Secured Loans
Current Assets
75369860
Current Liabilities
GRANTS O.S.L Other Liabilities Salary Recoveries Security Deposit A/C Unpaid Salary/Wages A/C Duties & Taxes Sundry creditors Amrut yojane Amrut yojane DCS contribution NDDB Loans Suspence
Profit & Loss A/C

Opening Balance Current Period less: Transferred 49739738 9344963 20488959
19905816
221699916
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DHARWAD MILK UNION
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DHARWAD MILK UNION
Reference:
I.M. Pandey Essentials of Financial Management. Vikas Publishing House Pvt. Ltd. M.Y. Khan & P.K. Jain - Financial Management Tata McGraw Hill Publishing Company Ltd. New Delhi. Website www.KMF.nandini.coop www.nddp.org
89

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DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION

Need for the study:

Govt. First Grade College Hubli

DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION INDUSTRIAL PROFILE

Govt. First Grade College Hubli

DHARWAD MILK UNION 2.1 Introduction to Karnataka Milk Federation:

Govt. First Grade College Hubli

DHARWAD MILK UNION Units of K M F:

List of cooperatives milk producers societies union:

Govt. First Grade College Hubli

DHARWAD MILK UNION 2.2 DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION DETAILS OF DHARWAD MILK UNION:

Govt. First Grade College Hubli

DHARWAD MILK UNION

2.3 COMPANY PROFILE

Govt. First Grade College Hubli

DHARWAD MILK UNION

Status Nature of Business

Share Capital Plant Capacity

Milk Chilling Centres and Capacity

20000 LPD 20000 LPD

Govt. First Grade College Hubli

DHARWAD MILK UNION

Present Value of Activity Area of Operation Board of Directors

Total Workers Location Department Brand Name Products

Co-operative Societies at Village Level

2.4 PRODUCT MIX OF KMF

Govt. First Grade College Hubli

DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION

2.5 Work Flow Model

Govt. First Grade College Hubli

DHARWAD MILK UNION

Fresh liquid milk

Fat and SNF

Govt. First Grade College Hubli

DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION

Director (Ex-officer-5) Managing director

Dy Manager Q.C Officer

Govt. First Grade College Hubli

DHARWAD MILK UNION

Govt. First Grade College Hubli

DHARWAD MILK UNION Administration Department

Govt. First Grade College Hubli

DHARWAD MILK UNION

Structure of Administration department

Asst. Manager (Board)

Asst. Manager (Personnel)

Admn Superintendent Admn. Superintendent Admn. Assistant