Study on Financial Performance Analysis of Milma

EXECUTIVE SUMMARY Project entitled â€Å"A Project on Financial Performance Analysis at Milma ERCMPU Edappally† is conducted to analyze the financial performance of Milma. It helped in knowing the financial efficiency and weakness of the concern and also to draw inference about the present position of the company. Kerala – Cooperative Milk Marketing Federation (KCMMF), popularly called Milma was established in April 1980 with its head office at Thiruvananthapuram for the successful implementation of the operation flood (a dairy programme launched in 1970 under the aegis of National Dairy Development Board (NDDB)). The study is done for the period of five financial years starting from 2007 – 1008 to 2011 -2012. For data collection both†¦show more content†¦* Investors: the investors are interested in the security of the principle amount of loan and regular interest payments by the concern. The investors will analyze the present financial position and study the future prosp ects of the concern. * Government: the financial statements are used to assess tax liability of business enterprise. These statements enable the government to find out whether the business is following various regulations or not. * Others: Trade associations, stock exchange and public at large may also analyze the financial statements to judge the financial position of the concerns. LIMITATIONS OF FINANCIAL STATEMENTS Though financial statements are relevant and useful for the concern, still they do not present a final picture of the concern. It suffers the following limitations: A Balance Sheet is described as a statement of all assets and liabilities. But this is not true. There are certain assets and liabilities which a Balance Sheet fails to disclose. E.g. Value of human resource. The figures given in the Balance Sheet are on a historical basis. While preparing it, the replacement cost of the asset is totally ignored. An investor who wishes to analyze the Balance Sheet is more concerned with the present and future, whereas the Balance sheet pertains to a point of time relating to past and therefore may not be quite useful. Personal judgment plays a great part in determining the figures for the Balance Sheet. Provisions forShow MoreRelatedMILMA Organization study9009 Words   |  37 PagesMILMA KOLLAM DAIRY CHAPTER 1 INTRODUCTION PADMASHREE INSTITUTE OF MANAGEMENT STUDIES Page 0 MILMA KOLLAM DAIRY INTRODUCTION The main objective of conducting an organization study is to get familiar with the nature and working of an organization. It helps students to develop a practical as well as a theoretical knowledge. It provides an opportunity to study the activities of an organization by direct observation. MILMA KOLLAM DAIRY is situated in Kollam district on the banks of Ashtamudi lakeRead MoreOrganization Study at Meriiboy Ice Cream10672 Words   |  43 Pagesgroup that started operation in the year 2003. MeriiBoy ice-cream is the brand name of Supreme Food Industries which started its first factory near Kalady in consultant with Tetra Pak Hoyer, Denmark. The organization Study at MeriiBoy Ice Creams started from 6th of May. The organization study consists of understanding the functional areas of Supreme Food Industries and analyse these functional departments. Supreme Food Industries gives importance to quality from sourcing raw materials to delivery ofRead MoreMarket Analysis Sales Development of Amul Milk11726 Words   |  47 Pages1 PROJECT REPORT ON â€Å"Market Analysis Sales Development of Amul Milk† This study was conducted from 8th June 09 to 8th August 09 At Gujarat Co-operative Milk Marketing Federation Limited BY: PRASANTA KUMAR MOHAPATRA PGDM OF ASIAN SCHOOL OF MANAGEMENT A report submitted in partial fulfillment of the requirements of PGDM (2008-10) Company Guide: Mr. PRANIL JADHAV SENIOR EXECUTIVE (SALES) GCMMF Ltd. PUNE Faculty Guide: PROF. K K BHASIN 2 PREFACE The PGDM programme is well structured and integratedRead MoreMarketing Management130471 Words   |  522 PagesThis will make the firms to be different than the competitors. Hence marketing becomes a very important functional area for every firm where the competition is very high. In a business firm, marketing generates the revenues that are managed by financial people and used by the productions people in creating products or services. The challenge of marketing is to generate that revenue by satisfying consumers wants at a profit and in a socially responsible manner. Marketing is not limited to business