GUJARAT CO-OPERATIVE MILK MARKETING FED

PROFIT & LOSS A/C FOR LAST 10 YEARS

EXPENSES 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00
Opening Stock 7359 6354 7353 0
Finished Goods 11417 9838 7818
Scrap Stock 0 1 0
Stock-in-Process 76 120 55
Raw Material 0 0 15
Purchase of Finished Goods 84967 104936 120957 120904 145330 151871
Raw Material Consumed 18927 22406 28253
Stores, Spares & Packing Materials 0 827 1208
Power & Fuel 0 0 936
Manufacturing Expenses 185 969 1444 1416 836 101
Depreciation 722 1073 1056 2638 1667 1671
Less: Grant received -1378 -4 0
Less: Grant received from NDDB 0 -275 -229
Salaries & Other Benefits 477 568 698 929 1132 1336
Repairs & Maintenance 27 84 167 218 265 254
Postage, Telephone, Printing & Stationery 109 134 167 168 193 238
Travelling & Conveyance 101 118 180 198 197 222
Rates, Taxes & Insurance Expenses 10 34 58 63 71 86
Vehicle Running & Maintenance 4 5 6 7 7 8
Legal & Professional Charges 13 16 46 77 36 28
Rent & Electricity Expenses 40 46 58 70 76 86
Loss on Exchange Rate Difference 0 0 0
General Expenses 52 57 78 99 136 167
Audit Fees & Expenses 22 25 28 38 44 46
Charity & Donation 50 6 50 47
Marketing Expenses 2464 3010 3606 4398 4925 5185
Turnover & Octroi Reimbursement 0 0 908
Feature Film on Co-operating Expenses 0 0 1 2 0 0
Interest & Bank Commission 816 708 662 571 680 701
Co-operative Development Expenses 33 82 93 84 141 178
Deferred Revenue Exp. Written Off 23 23 23 23 23 0
Prior Period Adjustments (Net) 10 7 0
Provision for Bad & Doubtful Debts 25 0 0
Provision for Contingencies 0 0 0
Provision for Income Tax 192 252 150 130
Provision for Deferred Tax 0 0 0
Net Profit Carried Down 134 818 778 848 1301 579

Total 97560 119110 137649 162087 190177 201899

RKETING FEDERATION, ANAND
10 YEARS (RS IN LACS)
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09

10479 14884 17832 19166 11957 21580 16154 21852 32982

0 7 19 16 40 26 18 11 10
85 157 100 113 79 201 301 137 254
31 0 0 0 0
154421 152102 171558 206872 217972 270161 316548 384151 478457
32853 37165 44095 45510 57772 68518 79768 113585 147020
1615 2117 2826 3156 4218 5416 6090 7318 9123
1161 1272 1563 1396 1650 2093 1977 2264 3517
130 219 340 312 358 399 498 549 748
1675 1880 1844 1817 1813 2342 3157 2662 2399
0 0 -116 -97 -82 -85 -57 -49
-189 -162 -137 0 0
1715 2018 2264 2385 2538 3220 3527 4600 4882
316 397 582 582 637 721 932 867 1091
268 288 288 300 360 334 323 331 326
242 270 352 366 424 427 430 492 466
74 50 43 77 100 100 103 80 72
13 13 13 16 21 26 32 31 37
54 54 46 36 48 56 54 77 58
113 112 113 108 117 116 112 118 131
0 0 0 50 0
194 248 223 220 241 273 346 378 419
55 57 75 77 81 93 100 113 143
63 600 0 36 25 25
6122 6835 8092 9157 11190 12039 13639 16849 18900
788 762 866 820 911 811 597 475 432
0 0 0 0 0 0
753 744 570 226 202 224 229 201 197
219 118 186 214 334 228 215 616 720
0 0 0 0 0
30 9 29 72 5 2 2
6 0 2 6 16
0 0 0 95 108 71 312 266 149
125 285 250 510 671 685 700 750 1040
0 0 0 403 0 0 0
506 725 680 731 761 1101 1457 1545 2160

213919 223227 254715 294729 314551 391181 447535 560288 705684

 GUJARAT CO-OPERATIVE MILK MARKETIN
PROFIT & LOSS A/C FOR LAST 10 YEARS
INCOME 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00
Sales 90820 111169 125295
Finished Goods 20429 22885 27764
Trading Goods 130947 158246 162504
Milk & Milk Products
Others
Excise Duty
Service Charges & Commission 349 457 503 576 685 602
Conversion Charges
Feature Film on Co-operation 1 0 1 0 0 0
Income from Investment 7 7 7
Interest on Loans, Deposits etc. 52 87 166
Exchange Rate Difference 35 29 27
Export Incentive 18 18 6
Unspent Liabilities & Provisions 186 91
Misc. Income 64 148 93
Scrap Sales
Profit/Loss on Sale of Asset
Misc. Income 37 130 340
Prior Period Adjustments 17 43
Closing Stock 6354 7353 11492
Finished Goods 9838 7818 10479
Scrap Stock 1 0 0
Stock-in-Process 120 70 85
Raw Material 31

Total 97560 119110 137649 162087 190177 201899

LK MARKETING FEDERATION, ANAND
R LAST 10 YEARS (RS IN LACS)
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09

31724 32816
165985 171241
232237 279797 288169 367869 415542 516824 659440
3191 3346 5528 7228 8587 9550 10979
-1307 -1242 -1597 -1684 -848 -964 -935
549 569 718 108 26 66 86 34 52
158
0 0 0 0 0 0
7 6 8 6 7 9 8 10 9
217 248 257 263 136 174 328 156 292
53 55 35 0 28 92 45 57 284
8 5 4 3 0 117 693 394 204
130 47 98 86 104 81 241 289 470
165 288 178 161 78 528 425 420 204
123 262 226 270 262 284
1 2 2 2 2 0 9 1

0 0 0 0 0

14884 17832 19166 11957 21580 16154 21852 32982 34243

7 19 16 40 201 18 11 10 15
157 100 113 79 26 301 137 254 142
31 0 0 0 0

213919 223227 254715 294729 314551 391181 447535 560288 705684

 GUJARAT CO-OPERATIVE MILK MARKETING FEDERATION,
BALANCESHEET FOR LAST 10 YEARS
Liabilities 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04
Share Capital 800 801 1300 2000 2000 3000 3000 3000 4000 4000
Reserves
Reserve Fund 186 220 424 831 1156 1301 1427 1609 1779 1962
Grant for Liquid Nitrogen Tanker 2
Grants under Operation Flood 10 10 10 0 20 12 10 4 3 0
Grants for Mother Dairy 3008 3149 3211 1770 1509 1288 1101 942 807 691
Export Turnvoer Allowance Reserve 0 0 0
bad debts reserve fund
General Fund 202 209 724 1577 2250 1322 1340 1522 1580 1727

Net Profit for the Year 134 818 778

Loans
Secured
From Scheduled Banks 0 524 827 443 1216 1680 738
NDDB-Operation Flood 38 37 37 35 0 0 0 0 0 0
NDDB-Mother Dairy, Gandhinagar 8173 5464 5796 5473 5551 5535 5375 5152 0 0
Unsecured 0 94 0 365 0 0 0 0 0 6755
Deferred Tax Liability 413
Current Liabilities & Provisions
A. Current Liabilities
Sundry Crs. 8731 15046 17537 11701 6811 14843 20606 13857 13895 13650
Bills Payable 10618 13690
Other Finances 708 679 1335 1149 1054 1242 1024
Advances from Customer 500 2769 585 807 232 932 2238
Trade Deposit 98 119 503 707 1087 1471 2002 2168 2273 2350
B. Provisions
Income Tax 324 324 516
Leave Encashment 212 303 339 353
Proposed Dividend 219 300 360 360 360 450 435
Contribution to Education Fund 3 3 2 2 2 2 2
Contingencies 400

Total 21704 26291 30837 25889 24660 31881 37834 42039 42672 36738
DERATION, ANAND GUJARAT CO-OPERATIVE MILK MARKE
(Rs in lacs) BALANCESHEET FOR LAST
2004-05 2005-06 2006-07 2007-08 2008-09 Assets 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00
4000 4000 4001 5000 5,000 Fixed Assets 10133 9679 10128 9019 8759 9378
Investments 33 33 33 33 33 33
2152 2427 2791 3178 3718 Current Assets
1 1 0 Inventory 6354 7353 11492
0 0 0 Stores, Spares 381 374 491
577 495 411 354 305 Raw Material 165 109 63
0 0 Stock-in-Process 120 70 85
324
1896 2239 2850 3517 4060 Raw Milk Stock 31
others
Finished Goods 301 266 453 9838 7818 10479
Scraps 1 0 0
Manthan Prints 1 2 2
789 562 1117 886 749 Sundry Debtors 980 2835 2491
0 Debts > 6 months 0 25 5
0 Other Debts 959 804 1799
0 694 626 Cash & Bank Balances
414 423 368 141 24 Cash-in-Hand 0 3 2 995 1705 3633
Cheque/Drafts in hand 440 2912 1714 0
Remittances in Transit 566 226 276 518 428 818
32253 24996 30569 40133 37336 Balance with Scheduled Bank 1725 2363 4201
Exchange Earner Foreign
1072 1342 1264 1160 1185 Fixed Deposit A/c 621 1222 1235
675 3817 928 1097 1165 Current Account 2524 2356 2597
2392 2384 2237 2408 3183 Co-operative Saving A/c 1 0 1

96 101 43 27 Loans & Advances

305 315 352 456 531 Interest accrued on deposits 22
400 480 480 490 750 Advances recoverable 625 209 414 667 378
2 2 2 2 3 Sales Tax Refunds rec. 467
542 613 924 1011 1076 Insurance & Other Claims 70
Advance Income Tax 422 308 210 224 223
Balance with Govt. Authorities 32 21 24
Security Deposits 32 35 38 46 50
Deferred Revenue Expendiutre 91 68 46 23 0 0
47468 44192 48397 60571 60062 Total 21704 26291 30837 25889 24660 31881
MILK MARKETING FEDERATION, ANAND
HEET FOR LAST 10 YEARS (Rs in lacs)
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
10433 10548 10365 11167 12862 14940 14442 12593 13054
33 33 33 33 73 73 74 74 74

420 516 472 439 728 1144 816 1133 882

141 157 118 48 55 66 162
157 100 113 79 201 301 137 254 142

31 128 131 122 110 97 123 132 167

125 95
14884 17832 19166 11957 21580 16154 21852 32982 34243
7 19 16 40 26 18 11 10 15

46 221 151 65 5 22 15 41 40
2417 2715 3070 1885 2653 3054 3052 2727 2204

2 3 31 13 29 20 29 11 14
2082 3122 2969 2514 3887 2435 3231 4169 1619
1396 622 628 157 295 73 0

253 224 5 30 8 2 1 7 12
1535 1544 1560 1751 1738 1679 1541 1554 1553
2650 2892 2105 2256 2081 3129 2266 4178 5224
0 0 0 0 0

41 137 251 9 7 9 8 10 9
347 471 525 3590 707 622 326 216 319
449 395 361 233 232 165 84 86 92
26 25 28 47 2 26 25 33 72
308 184 417 147 34
115 68 62 59 40 41 83 99 93
61 82 93 98 115 123 121 137 140
0 0 0 0 0
37834 42039 42672 36738 47468 44192 48397 60571 60062
 GUJARAT CO-OPERATIVE MILK MARKETIN
working of ratios from 1994-95 to 2008-0
Year 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01
(A) Profitability Ratios
1 Operating Income 97522 118979 137291 161963 189935 201589 213529

Less:Operating Expenses 97426 118242 136678 160968 188669 201143 213193

Operating Profit 97 737 613 995 1266 446 336

2 Net Sales 90820 111169 125295 151376 181130 190269 197709

Material and Finished Good 85972 103938 116817 141365 169806 177417 182789
Raw Material 0 0 0 18927 22406 28253 32853
Other Manufacturing Exp. 185 969 1444 1416 1663 2245 2906

Salaries and Other Benefits 477 568 698 929 1132 1336 1715

Administrative Exp. 380 518 788 939 1024 1136 1331

Marketing Expenses 2464 3010 3606 4398 4925 6093 6909

Net Profit 134 818 778 848 1301 579 506

3 Net Worth 4341 5207 6448 6179 6936 6923 6879

Total Assets 21704 26291 30837 25889 24660 31881 37834

(B) Activity/Turnover Ratios

1 Average Debtors 1907 2663 1725 894 1316 2134

Closing Debtors 980 2835 2491 959 829 1804 2463

Average Creditors 11888 16292 14619 9256 10827 17725

Average Inventory 7138 9783 11225 9437 9760 13395

Finished Good
Raw Material 31

Closing Inventory 6655 7619 11945 10504 8370 11149 15640

Cl. Raw Material 0 0 0 0 0 31 31
Finished Goods 6655 7619 11945 9838 7818 10479 14884

2 Average Assets 23998 28564 28363 25275 28271 34858

Total Assets 21704 26291 30837 25889 24660 31881 37834

Average Fixed Assets 9906 9904 9574 8889 9068 9906

Total Fixed Assets 10133 9679 10128 9019 8759 9378 10433

(C) Current Ratios

 Current Assets 11447 16511 20630 16814 15869 22470 27369

Liquid Assets 4790 8891 8684 6310 7498 11321 11729

Current Liabilities 9153 15489 18556 13837 11649 18596 25138

(D) Capital Structure Ratio

Long Term Debt 8211 5502 5833 5508 6075 6362 5818

Long Term Funds 12551 10709 12281 11687 13011 13286 12696

Fixed Assets 10133 9679 10128 9019 8759 9378 10433

LK MARKETING FEDERATION, ANAND
m 1994-95 to 2008-09
2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09

222684 254271 294297 314327 390467 446774 559692 705178

221608 253756 292883 312981 389322 445064 557702 702335

1076 516 1414 1346 1145 1710 1990 2842

204056 234121 281902 292100 373413 423281 525410 669484

186365 214309 259602 266012 344014 390789 486489 624324

37165 44095 45510 57772 68518 79768 113585 147020
3608 4729 4864 6225 7909 8564 10132 13388

2018 2264 2385 2538 3220 3527 4600 4882

1490 1735 1782 2030 2146 2431 2488 2743

7597 8957 9977 12101 12849 14236 17324 19332

725 680 731 761 1101 1457 1545 2160

7077 8168 8381 8625 9162 10053 12048 13407

42039 42672 36738 47468 44192 48397 60571 60062

2700 3078 2585 2304 2867 3072 2918 2506

2936 3221 1949 2658 3076 3067 2768 2244 0 0

17231 13876 13772 22951 28624 27782 35351 38735

17196 19384 16351 17693 20240 20440 28868 35090

79 129 127 116 104 110 127 149

18751 20018 12684 22701 17779 23100 34635 35544

128 131 122 110 97 123 132 167
17832 19166 11957 21580 16154 21852 32982 34243

39937 42355 39705 42103 45830 46294 54484 60316

42039 42672 36738 47468 44192 48397 60571 60062

10490 10457 10766 12014 13901 14691 13517 12824

10548 10365 11167 12862 14940 14442 12593 13054

31458 32274 25538 34533 29179 33881 47904 46935

12706 12257 12854 11832 11400 10781 13269 11391

28593 32824 20451 37640 34046 36858 46802 45256

6368 1680 738 789 562 1117 886 749

13445 9849 9119 9414 9724 11171 12935 14156

10548 10365 11167 12862 14940 14442 12593 13054

0 0 0 0 0 0 0 0 0 0
 48656.42 0 0 0

0 0 0 0 0 0 0 0 0 0
0
 GCMMF LTD., ANAND

Ratio Analysis of Financial Statement for Year 1994-95 to 2008-09

Name of Ratio Description 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
(A) Profit & Loss Account Ratios
P & L A/c ratios are expressed as % of Net Sales.

A.1 Material and Finished Goods Raw Material Consumed+Purchase of Finished Goods 94.66% 93.50% 93.23% 93.39% 93.75% 93.25% 92.45% 91.33% 91.54% 92.09% 91.07% 92.13% 92.32% 92.59% 93.25%

A.2 Other Manufacturing Exp. Stores & Spares+Power & Fuel+Mfg. Exp. 0.20% 0.87% 1.15% 0.94% 0.92% 1.18% 1.47% 1.77% 2.02% 1.73% 2.13% 2.12% 2.02% 1.93% 2.00%

A.3 Salaries and Other Benefits Salaries & Other Benefits 0.52% 0.51% 0.56% 0.61% 0.63% 0.70% 0.87% 0.99% 0.97% 0.85% 0.87% 0.86% 0.83% 0.88% 0.73%

Repairs, Postage, Travelling, Rates, Taxes, Vehicle, Legal,

A.4 Administrative Exp.
Rent, Electricity, General Exp., Audit Fees 0.42% 0.47% 0.63% 0.62% 0.57% 0.60% 0.67% 0.73% 0.74% 0.63% 0.69% 0.57% 0.57% 0.47% 0.41%

A.5 Marketing Expenses Marketing Exp.+Turnover and Octroi Reimbusement 2.71% 2.71% 2.88% 2.91% 2.72% 3.20% 3.49% 3.72% 3.83% 3.54% 4.14% 3.44% 3.36% 3.30% 2.89%

Net Profit+(Provisions+Charity+Prior Period Adjustment)-

A.6 Operating Profit (Income from Invst+Int.on Loan/Deposits+Gain of Sale of
Assets+Prior Period Adjustments+Misc. Income) 0.11% 0.66% 0.49% 0.66% 0.70% 0.23% 0.17% 0.53% 0.22% 0.50% 0.46% 0.31% 0.40% 0.38% 0.42%

A.7 Net Profit 0.15% 0.74% 0.62% 0.56% 0.72% 0.30% 0.26% 0.36% 0.29% 0.26% 0.26% 0.29% 0.34% 0.29% 0.32%

A.8 Net Profit+Material Cost A.1+A.7 94.81% 94.23% 93.85% 93.95% 94.47% 93.55% 92.71% 91.69% 91.83% 92.35% 91.33% 92.42% 92.67% 92.89% 93.58%
(B) Profitability Ratios

B.1 Net Profit to Net Worth Net Worth: Share Capital+Reserves+General Fund 3.10% 15.71% 12.07% 13.72% 18.76% 8.36% 7.36% 10.25% 8.33% 8.72% 8.83% 12.01% 14.50% 12.82% 16.11%

B.2 Return on Total Assets Net Profit/Total Asset 0.62% 3.11% 2.52% 3.28% 5.28% 1.81% 1.34% 1.73% 1.59% 1.99% 1.60% 2.49% 3.01% 2.55% 3.60%
(C) Efficiency/Activity Ratios

C.1 Debtors Turnover Ratio (times) Net Sales/Closing Debtors 92.7 39.2 50.3 157.9 218.6 105.5 80.3 69.5 72.7 144.6 109.9 121.4 138.0 189.8 298.3

C.2 Avg. Collection Period (days) 365/Drs. Turnover 3.9 9.3 7.3 2.3 1.7 3.5 4.5 5.3 5.0 2.5 3.3 3.0 2.6 1.9 1.2

Closing Raw Material Stock/Raw Material Consumed*365 - - - - - 0.40 0.35 1.25 1.09 0.98 0.69 0.52 0.56 0.42 0.41
C.3 Raw Material Holding Period (days)

C.4 Finished Goods Turnover Ratio (times) Net Sales/Closing Inventory of Finished Goods 13.65 14.59 10.49 15.39 23.17 18.16 13.28 11.44 12.22 23.58 13.54 23.12 19.37 15.93 19.55

C.5 No of Days Finished Goods Inventory (days) 365/Finished Goods Turnover Ratio 26.7 25.0 34.8 23.7 15.8 20.1 27.5 31.9 29.9 15.5 27.0 15.8 18.8 22.9 18.7

C.6 Total Assets Turonver (times) Net Sales/ Total Assets 4.18 4.23 4.06 5.85 7.35 5.97 5.23 4.85 5.49 7.67 6.15 8.45 8.75 8.67 11.15

C.7 Fixed Asset Turnover (times) Net Sales/ Net Fixed Assets 8.96 11.49 12.37 16.78 20.68 20.29 18.95 19.35 22.59 25.24 22.71 24.99 29.31 41.72 51.29
(D) Liquidity Ratios

D.1 Current Ratio Current Assets/Current Liabilities 1.25 1.07 1.11 1.22 1.36 1.21 1.09 1.10 0.98 1.25 0.92 0.86 0.92 1.02 1.04

Liquid Assets/Current Liabilities;

D.2 Liquid Ratio
Liquid Assets: Current Assets-Inventories 0.52 0.57 0.47 0.46 0.64 0.61 0.47 0.44 0.37 0.63 0.31 0.33 0.29 0.28 0.25
(E) Capital Structure Ratios

Long Term Debt/Net Worth;

E.1 Debt-equity Ratio Long Term Debt: Secured Loan from Sc. Banks+Loan
from NDDB, if any 1.89 1.06 0.90 0.89 0.88 0.92 0.85 0.90 0.21 0.09 0.09 0.06 0.11 0.07 0.06

E.2 Fixed Assets/Long Term Funds Long Term Funds: Net Worth+Long Term Debt 0.81 0.90 0.82 0.77 0.67 0.71 0.82 0.78 1.05 1.22 1.37 1.54 1.29 0.97 0.92

All the ratios calculated and presented in the annexure combine the figure for GCMMF Ltd., Anand, Mother Dairy, Gandhinagar and PFP Unit.
 GUJARAT CO-OPERATIVE MILK MARKETING FEDERAT
PROFIT & LOSS SUMMARY FOR LAST 10 YEARS
Particulars 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02
Material Consumed & Purchase of Finished Good 92326 111290 128309 151323 177694 188012 197868 204316
Manufacturing and other expenses 185 969 1444 1416 1663 2245 2906 3608
Salary and Other Benefits 477 568 698 929 1132 1336 1715 2018
Administrative Expenses 413 600 881 1023 1165 1315 1549 1608
Marketing Expense 2464 3010 3607 4400 4925 6093 6909 7597
Depreciation 722 1073 1056 1260 1388 1442 1486 1718
Interest 816 708 662 571 680 701 753 744
Misc. 23 73 23 64 80 47 100 609
Provision for Tax 0 0 192 252 150 130 125 285
Net Profit 134 818 778 848 1301 579 506 725

Total 97560 119110 137649 162087 190177 201899 213919 223227

TING FEDERATION, ANAND GUJARAT CO-OPERATIVE MILK MAR
0 YEARS (RS IN LACS) PROFIT & LOSS SUMMAR
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 Particulars 1994-95 1995-96 1996-97 1997-98 1998-99
233605 271678 287820 360487 412789 519735 658724 Net Sales 90820 111169 125295 151376 181130
4729 4864 6225 7909 8564 10132 13388 Other Incomes 386 588 862 753 1159
2264 2385 2538 3220 3527 4600 4882 closing stock 6354 7353 11492 9958 7888
1922 2045 2364 2374 2646 3105 3463
8957 9977 12101 12849 14236 17324 19332 Total Err:522 Err:522 Err:522 Err:522 Err:522
1707 1701 1716 2260 3072 2606 2350
570 226 202 224 229 201 197
31 209 153 73 314 291 149
250 913 671 685 700 750 1040
680 731 761 1101 1457 1545 2160

254715 294729 314551 391181 447535 560288 705684

ATIVE MILK MARKETING FEDERATION, ANAND
IT & LOSS SUMMARY FOR LAST 10 YEARS (RS IN LACS)
1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
190269 197709 204056 234121 281902 292100 373413 423281 525410 669484
1035 1130 1220 1298 752 644 1295 2255 1632 1800
10595 15080 17951 19296 12076 21807 16473 22000 33246 34400

Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522
Particulars 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04
Material Consumed & Purchase of Fin 101.66 100.11 102.41 99.97 98.10 98.81 100.08 100.13 99.78 96.37
Manufacturing and other expenses 0.20 0.87 1.15 0.94 0.92 1.18 1.47 1.77 2.02 1.73
Salary and Other Benefits 0.52 0.51 0.56 0.61 0.63 0.70 0.87 0.99 0.97 0.85
Administrative Expenses 0.45 0.54 0.70 0.68 0.64 0.69 0.78 0.79 0.82 0.73
Marketing Expense 2.71 2.71 2.88 2.91 2.72 3.20 3.49 3.72 3.83 3.54
Depreciation 0.80 0.97 0.84 0.83 0.77 0.76 0.75 0.84 0.73 0.60
Interest 0.90 0.64 0.53 0.38 0.38 0.37 0.38 0.36 0.24 0.08
Misc. 0.03 0.07 0.02 0.04 0.04 0.02 0.05 0.30 0.01 0.07
Provision for Tax 0.00 0.00 0.15 0.17 0.08 0.07 0.06 0.14 0.11 0.32
Net Profit 0.15 0.74 0.62 0.56 0.72 0.30 0.26 0.36 0.29 0.26

107.42 107.14 109.86 107.08 104.99 106.11 108.20 109.39 108.80 104.55

Procurement+Net Profit 101.81 100.84 103.03 100.53 98.82 99.12 100.34 100.48 100.07 96.63
Expenses 5.62 6.30 6.68 6.38 6.09 6.93 7.80 8.77 8.62 7.59
Tax 0.00 0.00 0.15 0.17 0.08 0.07 0.06 0.14 0.11 0.32
2004-05 2005-06 2006-07 Particulars 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04
98.53 96.54 97.52 Net Sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
2.13 2.12 2.02 Other Income 0.43 0.53 0.69 0.50 0.64 0.54 0.57 0.60 0.55 0.27
0.87 0.86 0.83
0.81 0.64 0.63
4.14 3.44 3.36
0.59 0.61 0.73
0.07 0.06 0.05
0.05 0.02 0.07
0.23 0.18 0.17
0.26 0.29 0.34

107.69 104.76 105.73

100.43 100.53 100.69 100.50 100.64 100.54 100.57 100.60 100.55 100.27
98.80 96.83 97.87 -7.00 -6.61 -9.17 -6.58 -4.35 -5.57 -7.63 -8.80 -8.24 -4.28
8.66 7.74 7.70
0.23 0.18 0.17
-7.00 -6.61 -9.17 -6.58 -4.35 -5.57 -7.63 -8.80 -8.24 -4.28
2004-05 2005-06 2006-07
100.00 100.00 100.00
0.22 0.35 0.53

100.22 100.35 100.53

-7.47 -4.41 -5.20

-7.47 -4.41 -5.20

Common Size Statement Detailed
S.No. Particulars 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02
Opening Stock 8.10 5.72 5.87 - - - - -
Finished Goods - - - 7.54 5.43 4.11 5.30 7.29
Scrap Stock - - - - 0.00 0.00 0.00 0.00
Stock-in-Process - - - 0.05 0.07 0.03 0.04 0.08
Raw Material - - - - - 0.01 0.02 -
Purchase of Finished Goods 93.56 94.39 96.54 79.87 80.24 79.82 78.11 74.54
Raw Material Consumed - - - 12.50 12.37 14.85 16.62 18.21
Stores, Spares & Packing Materials - - - - 0.46 0.63 0.82 1.04
Power & Fuel - - - - - 0.49 0.59 0.62
Manufacturing Expenses 0.20 0.87 1.15 0.94 0.46 0.05 0.07 0.11
Depreciation 0.80 0.97 0.84 1.74 0.92 0.88 0.85 0.92
Less: Grant received - - - (0.91) (0.00) - - -
Less: Grant received from NDDB - - - - (0.15) (0.12) (0.10) (0.08)
Salaries & Other Benefits 0.52 0.51 0.56 0.61 0.63 0.70 0.87 0.99
Repairs & Maintenance 0.03 0.08 0.13 0.14 0.15 0.13 0.16 0.19
Postage, Telephone, Printing & Stationery 0.12 0.12 0.13 0.11 0.11 0.13 0.14 0.14
Travelling & Conveyance 0.11 0.11 0.14 0.13 0.11 0.12 0.12 0.13
Rates, Taxes & Insurance Expenses 0.01 0.03 0.05 0.04 0.04 0.05 0.04 0.02
Vehicle Running & Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01
Legal & Professional Charges 0.01 0.01 0.04 0.05 0.02 0.01 0.03 0.03
Rent & Electricity Expenses 0.04 0.04 0.05 0.05 0.04 0.05 0.06 0.05
Loss on Exchange Rate Difference - - - - - - - -
General Expenses 0.06 0.05 0.06 0.07 0.08 0.09 0.10 0.12
Audit Fees & Expenses 0.02 0.02 0.02 0.03 0.02 0.02 0.03 0.03
Charity & Donation - 0.04 - 0.00 0.03 0.02 0.03 0.29
Marketing Expenses 2.71 2.71 2.88 2.91 2.72 2.73 3.10 3.35
Turnover & Octroi Reimbursement - - - - - 0.48 0.40 0.37
Feature Film on Co-operating Expenses 0.00 0.00 0.00 0.00 - - - -
Interest & Bank Commission 0.90 0.64 0.53 0.38 0.38 0.37 0.38 0.36
Co-operative Development Expenses 0.04 0.07 0.07 0.06 0.08 0.09 0.11 0.06
Deferred Revenue Exp. Written Off 0.03 0.02 0.02 0.02 0.01 - - -
Prior Period Adjustments (Net) - - - 0.01 0.00 - 0.02 0.00
Provision for Bad & Doubtful Debts - - - 0.02 - - 0.00 -
Provision for Contingencies - - - - - - - -
Provision for Income Tax - - 0.15 0.17 0.08 0.07 0.06 0.14
Provision for Deferred Tax - - - - - - - -
Net Profit Carried Down 0.15 0.74 0.62 0.56 0.72 0.30 0.26 0.36

Total
2002-03 2003-04 2004-05 2005-06 2006-07 S.No. 1994-95 1995-96 1996-97 1997-98
- - - - - Sales 100.00 100.00 100.00 -
7.62 6.80 4.09 5.78 3.82 Finished Goods - - - 13.50
0.01 0.01 0.01 0.01 0.00 Trading Goods - - - 86.50
0.04 0.04 0.03 0.05 0.07 Milk & Milk Products - - - -
- - - - - Others - - - -
73.28 73.38 74.62 72.35 74.78 Excise Duty - - - -
18.83 16.14 19.78 18.35 18.85 Service Charges & Commission 0.38 0.41 0.40 0.38
1.21 1.12 1.44 1.45 1.44 Feature Film on Co-operation 0.00 0.00 0.00 0.00
0.67 0.50 0.56 0.56 0.47 Income from Investment - - - 0.00
0.15 0.11 0.12 0.11 0.12 Interest on Loans, Deposits etc. - - - 0.03
0.79 0.64 0.62 0.63 0.75 Exchange Rate Difference - - - 0.02
- (0.04) (0.03) (0.02) (0.02) Export Incentive - - - 0.01
(0.06) - - - - Unspent Liabilities & Provisions - - - -
0.97 0.85 0.87 0.86 0.83 Misc. Income - - - 0.04
0.25 0.21 0.22 0.19 0.22 Scrap Sales - - - -
0.12 0.11 0.12 0.09 0.08 Profit/Loss on Sale of Asset - - - -
0.15 0.13 0.15 0.11 0.10 Misc. Income 0.04 0.12 0.27 -
0.02 0.03 0.03 0.03 0.02 Prior Period Adjustments - - 0.01 -
0.01 0.01 0.01 0.01 0.01 Closing Stock 7.00 6.61 9.17 -
0.02 0.01 0.02 0.01 0.01 Finished Goods - - - 6.50
0.05 0.04 0.04 0.03 0.03 Scrap Stock - - - 0.00
- 0.02 - - - Stock-in-Process - - - 0.08
0.10 0.08 0.08 0.07 0.08 Raw Material - - - -
0.03 0.03 0.03 0.02 0.02
- 0.01 0.01 - -
3.46 3.25 3.83 3.22 3.22
0.37 0.29 0.31 0.22 0.14
- - - - -
0.24 0.08 0.07 0.06 0.05
0.08 0.08 0.11 0.06 0.05
- - - - -
0.01 0.03 0.00 0.00 0.00
0.00 0.00 0.01 - -
- 0.03 0.04 0.02 0.07
0.11 0.18 0.23 0.18 0.17
- 0.14 - - -
0.29 0.26 0.26 0.29 0.34
1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07
- - - - - - - - -
12.63 14.59 16.05 16.08 - - - - -
87.37 85.41 83.95 83.92 - - - - -
- - - - 99.20 99.25 98.65 98.52 98.17
- - - - 1.36 1.19 1.89 1.94 2.03
- - - - (0.56) (0.44) (0.55) (0.45) (0.20)
0.38 0.32 0.28 0.28 0.31 0.04 0.01 0.02 0.02
- - - - - - - - -
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.05 0.09 0.11 0.12 0.11 0.09 0.05 0.05 0.08
0.02 0.01 0.03 0.03 0.01 - 0.01 0.02 0.01
0.01 0.00 0.00 0.00 0.00 0.00 - 0.03 0.16
0.10 0.05 0.07 0.02 0.04 0.03 0.04 0.02 0.06
0.08 0.05 0.08 0.14 0.08 0.06 0.03 0.14 0.10
- - - - - 0.04 0.09 0.06 0.06
- - - 0.00 0.00 0.00 0.00 0.00 0.00
- - - - - - - - -
- 0.02 - - - - - - -
- - - - - - - - -
4.32 5.51 7.53 8.74 8.19 4.24 7.39 4.33 5.16
0.00 0.00 0.00 0.01 0.01 0.01 0.07 0.00 0.00
0.04 0.04 0.08 0.05 0.05 0.03 0.01 0.08 0.03
- 0.02 0.02 - - - - - -
 GUJARAT CO-OPERATIVE MILK MARKETING FEDERATION, ANAND
BALANCESHEET SUMMARY FOR 10 YEARS
Liabilities 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05
Share Capital 800 801 1300 2000 2000 3000 3000 3000 4000 4000 4000
Reserves 3541 4406 5148 4179 4936 3923 3879 4077 4168 4381 4625
Secured Loan 8211 5502 5833 5508 6075 6362 5818 6368 1680 738 789
Unsecured Loan 0 94 0 365 0 0 0 0 0 6755 0
Deferred Tax 0 0 0 0 0 0 0 0 0 413 414
Current Liabilities & provision
Creditors 8731 15046 17537 11701 6811 14843 20606 13857 13895 13650 32253
B/P 0 0 0 0 0 0 0 10618 13690 0 0
From Customers 98 119 503 1206 3856 2056 2809 2399 3206 4588 3066
Others 0 0 0 708 679 1335 1149 1054 1242 1024 1072
Provisions 324 324 516 222 303 362 574 665 791 1190 1249

Net Worth 4341 5207 6448 6179 6936 6923 6879 7077 8168 8381 8625
Borrowings 8211 5596 5833 5873 6075 6362 5818 6368 1680 7493 789
Current Liabilities 9153 15489 18556 13837 11649 18596 25138 28593 32824 20864 38054

Total 21704 26291 30837 25889 24660 31881 37834 42039 42672 36738 47468

Net Worth 20 20 21 24 28 22 18 17 19 23 18
Borrowings 38 21 19 23 25 20 15 15 4 20 2
Current Liabilities 42 59 60 53 47 58 66 68 77 57 80

Current Ratio 1 1 0 1 1 1 1 1 1 1 1

Share Capital

6000

5000

4000

3000
Row 4
2000

1000

0
96
97

99

01

04
05

07

09
95

98

00

02
03

06

08
 2000

1000

1995-96
1996-97

1998-99

2000-01

2003-04
2004-05

2006-07

2008-09
1994-95

1997-98

1999-00

2001-02
2002-03

2005-06

2007-08
Reserves

9000

8000
RS IN LACS

7000

6000

5000

4000 Reserve
s
3000

2000

1000

0
5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
4 -9 5-9 6-9 7-9 8-9 9-0 0-0 1-0 2-0 3-0 4-0 5-0 6-0 7-0 8-0
1 99 9 9 9 9 9 0 0 0 0 0 0
19 19 1 9 19 19 20 2 0 20 20 2 0 2 0 20 20 2 0
0 0 0
YEARS

Borrowings

9000

8000
RS IN LACS

7000

6000

5000
 8000

RS IN LACS
7000

6000

5000

4000 Borrowing
s
3000

2000

1000

0
5 6 7 8 9 0 1 2 3 4 5 6 7 8 9
4 -9 5 -9 6 -9 7 -9 8 -9 9 -0 0 -0 1 -0 2 -0 3 -0 4 -0 5 -0 6 -0 7 -0 8 -0
1 99 1 99 1 99 1 99 1 99 1 99 2 00 2 00 2 2 00 00 2 00 2 00 2 00 2 00 2 00
YEARS

Deferred Tax

450

400
RS IN LACS

350

300

250

200 Deferred
Tax
150

100

50

0
95 96 97 98 99 00 01 02 03 04 05 0 6 0 7 0 8 0 9
9 4- 95- 96- 97- 98- 99- 00- 01- 02- 03- 04- 05- 06- 07- 08 -
19 19 19 19 19 19 20 20 20 20 20 20 20 2 0 2 0
YEARS
 RS IN LACS

10000
15000
20000
25000
30000
35000
40000
45000
50000

0
5000
1994
-95
Current Liability

1995
-96
1996
-97
1997
-98
1998
-99
1999
-00
2000
-01
2001
-02
YEARS

2002
-03
2003
-04
2004
-05
2005
-06
2006
-07
2007
-08
2008
-09
Current
Liabilities
ANAND GUJARAT CO-OPERATIVE MILK MARKETING FED
(Rs in Lacs) BALANCESHEET SUMMARY FOR 10 YEARS
2005-06 2006-07 2007-08 2008-09 Assets 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02
4000 4001 5000 5000 Fixed Assets 10133 9679 10128 9019 8759 9378 10433 10548
5162 6052 7048 8407 Investment 33 33 33 33 33 33 33 33
562 1117 886 749 Current Assets
0 0 694 626 Inventory 6656 7620 11947 10504 8370 11149 15640 18751
423 368 141 24 Debtors 980 2835 2491 959 829 1804 2463 2936
Cash/Bank 2731 5504 6192 4658 5711 8284 7918 8408
24996 30569 40133 37336 Loans & Advances 1079 553 0 693 958 1233 1347 1362
0 0 0 0 Deferred Revenue Exp. 91 68 46 23 0 0 0 0
6201 3166 3505 4348
1342 1264 1160 1185
1507 1860 2003 2386

9162 10053 12048 13407 Fixed Asset 10133 9679 10128 9019 8759 9378 10433 10548
562 1117 1580 1376 Investment 33 33 33 33 33 33 33 33
34468 37226 46942 45280 Current Assets 11538 16580 20676 16837 15869 22470 27369 31458

44192 48397 60571 60062 Total 21704 26291 30837 25889 24660 31881 37834 42039

21 21 20 22 Fixed Asset 47 37 35 36 29 28 25
1 2 3 2 Investment 0 0 0 0 0 0 0
78 77 77 75 Current Assets 53 63 65 64 70 72 75

1 1 1 1

Fixed Assets

16000

14000
RS IN LACS

12000

10000

8000
Fixed
Assets
6000
 RS IN LACS RS IN LACS

10
20
30
40
50
60
70
80

0
1994
Investment
0
2000
4000
6000
8000

40000
50000
60000
-95 1994
1995
-95

Current Assets
-96 1995
1996 -96
-97 1996
1997 -97
-98 1997
1998 -98
-99 1998
1999 -99
-00 1999
2000 -00
2000
-01 -01
2001 2001
-02 -02
YEARS

2002 2002
YEARS

-03 -03
2003 2003
-04 -04
2004 2004
-05 -05
2005 2005
-06 -06
2006
2006 -07
-07 2007
2007 -08
-08 2008
2008 -09
-09
Fixed
Assets

Investment
 RS IN LACS RS IN LACS

500

0
1000
1500
2000
2500
3000
3500
4000
4500
10000
20000
30000
40000
50000
60000

1994
-95 1994
1995 -95
-96 1995
Loan & Advances

1996 -96
-97 1996
1997 -97
-98 1997
1998 -98
-99 1998
1999 -99
-00 1999
2000 -00
-01 2000
2001 -01
YEARS -02 2001
2002 -02
YEARS

-03 2002
2003
-04 -03
2004 2003
-05 -04
2005 2004
-06 -05
2006 2005
-07 -06
2007 2006
-08 -07
2008 2007
-09 -08
2008
-09
Loans &
Assets

Advances
Current
 RS IN LACS
100

0
10
20
30
40
50
60
70
80
90

1994
-95
1995
-96
1996
-97
1997
-98
Deferred Revenue Exp.

1998
-99
1999
-00
2000
-01
2001
-02
2002
YEARS

-03
2003
-04
2004
-05
2005
-06
2006
-07
2007
-08
2008
-09
Deferred Revenue Exp.
TING FEDERATION, ANAND
(Rs in Lacs)
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
10365 11167 12862 14940 14442 12593 13054
33 33 73 73 74 74 74

20018 12684 22701 17779 23100 34635 35544

3221 1949 2658 3076 3067 2768 2244
7298 6722 8038 7338 7068 9920 8422
1737 4182 1137 986 646 581 725
0 0 0 0 0 0 0

10365 11167 12862 14940 14442 12593 13054

33 33 73 73 74 74 74
32274 25538 34533 29179 33881 47904 46935

42672 36738 47468 44192 48397 60571 60062

24 30 27 34 30 21 22
0 0 0 0 0 0 0
76 70 73 66 70 79 78

d
ets
 d
ets

ment
Chart Titl
Chart Title