VARIOUS CAPITAL BUDGETING TECHNIQUES WITH TO RESPECT TO KMF LTD

Various Capital Budgeting Techniques with Respect to KMF LTD

Gurpreet
Jain University ,Bangalore , India
VARIOUS CAPITAL BUDGETING TECHNIQUES WITH TO RESPECT TO KMF LTD

Abstract

Karnataka Milk Federation (KMF) is the pinnacle body in Karnataka addressing Dairy

Farmers Co-agents. It is the third biggest dairy agreeable among the dairy co-employable

agents in the country. In South India it stands first in quite a while of acquisition just as deals.

One of the center elements of the Federation is advertising of milk a lot items. The Corporate

Exposure and Learning (CEL) directed at Karnataka Milk Federation comprise of two parts

Part A comprises of an overall report identifying with the association. It comprises of the sort

of industry they have a place with and the kind of business embraced by them. It likewise

comprises of data about different divisions, on how they work, the techniques and approaches

utilized by every division and how they can accomplish their objectives. The examination

incorporates the working of KMF regarding Mc Kinsey's 7S structure, which is a pointer to

KMF's exhibition and for what it is till date. Part B comprises of a nitty gritty examination on

the Working Capital Management of the association. The investigation states on how the

liquidity position is being kept up with by KMF. This examination is completed to track

down the monetary wellbeing of KMF by utilizing different proportions. The target of this

investigation is to completely break down the association's dissolvability, benefit and

execution throughout the long term.

VARIOUS CAPITAL BUDGETING TECHNIQUES WITH TO RESPECT TO KMF LTD

Introduction
harbinger of rural prosperity Karnataka Milk Federation (KMF) is the

largest cooperative dairy Federation in South India, owned and managed

by milk producers of Karnataka State. KMF has over 2 million milk

producers in over 10500 Dairy Cooperative Societies at village level,

functioning under 13 District Cooperative Milk Unions in Karnataka State.

The mission of the federation is to usher rural prosperity through dairy

development. During the last four decades of cooperative dairy

development by KMF, the dairy industry in Karnataka has progressed

from a situation of milk-scarcity to that of milk surplus.

India is the largest milk producer in the World with more than one lakh Dairy

Cooperative Societies (DCSs) operating under 170 milk unions throughout the

country, involving more than 12 million farmers. The Karnataka Co-operative

Milk Producers’ Federation Ltd. (KMF) operates in 27 districts with 11,500

dairy co-operative societies covering 19,500 villages involving 1.5 million

farmers. The major activities of KMF are procurement, processing and

marketing of milk and milk products. KMF (Karnataka Milk Federation) has 13

Milk Unions throughout the State, which procure milk from Primary Dairy

Cooperative Societies (DCS) and distribute milk to the consumers in various

Towns/Cities/Rural markets in Karnataka and Dharwad Milk Union is one

among the 13 unions. Apart from selling milk, it sells very thick 250 gm Curds
VARIOUS CAPITAL BUDGETING TECHNIQUES WITH TO RESPECT TO KMF LTD

in mud pots specially designed for this purpose namely “KUDIKE MOSARU”.

The famous Dharwad Peda, Butter in bulk as well as in retail packs and in 10

gm chip sets, Ghee, Skimmed Milk Powder and Paneer are sold. A survey was

performed to know consumers’ behavior and dealers’ perception towards

Nandini brand in compare with other competitors’ brands. A structured

Questionnaire was used for this purpose. The report also contains the findings

obtained from the survey. The survey was conducted for 75 customers and 25

retailers. The study reveals the reasons for decline in the Market Share of

Nandini Milk in Dharwad city. Coimbatore district co-operative milk producers

union restricted may be a co-operative sector endeavour, engaged within the

process of milk and amp; producing the milk product, it recently launched 3

new variants of union milk. District co-operative milk producers union

restricted is found within the central a part of Coimbatore. The company

workplace of the union relies at Madras, covering four districts of Annur,

Tirupur, Sulthapet, ShanmugapuraKMF has 13 Milk Unions throughout the

State which procure milk from Primary Dairy Cooperative Societies (DCS)

and distribute milk to the consumers in various Towns/Cities/Rural markets

in Karnataka. The first ever World Bank funded Dairy Development

Program in the country started in Karnataka with the organization of

Village Level Dairy Co-operatives in 1974. The AMUL pattern of dairy

co-operatives started functioning in Karnataka from 1974-75 with the

VARIOUS CAPITAL BUDGETING TECHNIQUES WITH TO RESPECT TO KMF LTD

financial assistance from World Bank, Operation Flood II & III. The

dairy co-operatives were established under the ANAND pattern in a three

tier structure with the Village Level Dairy Co-operatives forming the base

level, the District Level Milk Unions at the middle level to take care of

the procurement, processing and marketing of milk and the Karnataka

Milk Federation as the Apex Body to co-ordinate the growth of the sector

at the State level. Coordination of activities among the Unions and

developing market for Milk and Milk products is the responsibility of

KMF. Marketing Milk in the respective jurisdiction is organized by the

respective Milk Unions. Surplus/deficit of liquid milk among the member

Milk Unions is monitored by the Federation. While the marketing of all the

Milk Products is organized by KMF, both within and outside the State, all

the Milk and Milk products are sold under a common brand name

NANDINI.

The Study entitled “A Study on budgetary control”(with special reference to

Coimbatore district co-operative milk producers union limited, Coimbatore).

Coimbatore district co-operative milk producers union restricted may be a co-

operative sector endeavour, engaged within the process of milk and amp;

producing the milk product, it recently launched 3 new variants of union milk.

District co-operative milk producers union restricted is found within the central

a part of Coimbatore. The company workplace of the union relies at Madras,

VARIOUS CAPITAL BUDGETING TECHNIQUES WITH TO RESPECT TO KMF LTD

covering four districts of Annur, Tirupur, Sulthapet, Shanmugapuram.Project

Management deals with methodologies for managing projects through an

integrated approach. Knowledge, skills, tools and techniques are applied to meet

project requirements. The phases include initiation, planning, execution,

controlling and closing. Each phase implements relevant processes such as

strategy formulation, planning, managing execution, analyzing results and

suggesting corrective steps. The development of project plan initially defines

the scope of the project along with cost, resources, timeline, quality and

procurement plans. The baselines and performance measures are essential for

appropriate working of the project. The schedule and cost form integral part of

planning. Cost management constitute one of the major components of project

management. The processes involved in project cost management are cost

management planning, cost estimation, cost budgeting and cost control

VARIOUS CAPITAL BUDGETING TECHNIQUES WITH TO RESPECT TO KMF LTD

Reference

Bhat, S. (2008). Financial management: Principles and practice. Excel Books

India.

Karemente, K., Aduwo, J. R., Mugejjera, E., & Lubega, J. (2009). Knowledge
management frameworks: a review of conceptual foundations and a KMF for
IT-based organizations. Strengthening the Role of ICT in Development, 35.

Venkatasami, A. V. (2015). A Study on Budgetary Control with Special

Reference to Coimbatore District Co-Operative Milk Producer’s Union Limited,
Coimbatore. Journal Business Financial Affairs, doi, 10, 2167-0234.

Ahmed, A., & Elhag, M. (2017). SMART KM model: The integrated

knowledge management framework for organisational excellence. World
Journal of Science, Technology and Sustainable Development.

MS, A., & Kumar, P. (2019). Review on Project Management Functions and
Cost Management Processes for Dairy Cooperatives. Journal of Management
(JOM), 6(5).