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15 th Annual Report 2012-13 Dr. V. Kurien Visionary of Vidya Dairy

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Page 1: Contentsvidyadairy.in/admin/VD-AR-12-13.pdf · products and Process Development to compete with the ... Dairy Receiving 1st runner up award Baroda Productivity Council Good ... Vidya

15th Annual Report 2012-13

Registration No. 04-34249 of 1998-99Registration Date: 10.06.1998

P. B. No. 122,AAU Campus, Anand – 388 110

Phone: (02692) 267996, 262501 • Telefax: (02692) 267996E-mail: [email protected]

Dr. V. KurienVisionary of Vidya Dairy

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Board of Directors

Dr. B P ShahChairman

Principal & DeanDairy Science College, Anand

Shri Rahulkumar SrivastavaDirector

Managing DirectorKDCMPUL, Anand

Shri D R ShahDirector

Managing DirectorVidya Dairy, Anand

Shri R S SodhiDirector

Managing DirectorGCMMFL, Anand

Shri Sangramsinh R. ChaudharyDirector

Executive DirectorNDDB, Anand

BANKERS

Central Bank of India

Dena Bank

Bank of Baroda

HDFC Bank

AUDITORS

External

Talati & Talati & Co., Ahmedabad

Chartered Accountants

Internal

Manubhai & Co., Ahmedabad

Chartered Accountants

Company Law Consultants

M/s. J. J. Gandhi & Co., Baroda

Company Secretary

Fifteenth Annual Report2012-13

STU

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ContentsChairman’s Statement 3

Empowering tomorrow with the true

source of knowledge 7

Directors’ Report 14

Auditors’ Report 33

Balance Sheet 34

Income and Expenditure Account 35

Cash Flow Statement 36

Significant Accounting Policies

and Notes on Accounts 37

Training Programmes 50

Faculty 55

Eminent Visitors’ Voice 63

Employees’ Details 64

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VIDYA DAIRY ENVISIONED BYDR. V. KuRIEN

THE FATHER OF INDIAN DAIRYINGWITH

MISSION OF IMPARTING QuALITY EDuCATION

Dr. V. Kurien whose brain child Vidya Dairy is …The SMC College of Dairy Science, Anand (established in 1961) is a pioneering dairy education center of international repute at Anand Agricultural university, for imparting undergraduate dairy technology education. The college is actively engaged in catering to technical manpower for the Indian Dairy Industry. Till the year 1993 undergraduate Dairy Technology students of the SMC college of Dairy Science, Anand underwent the in-plant training in dairies scattered all over the country. This made it difficult for the college authorities / dairy authorities to closely monitor the students’ progress during the training, leaving them woefully short of ‘hands on’ experience. Because of this the students did not or could not take their training more effectively. A request was made before Dr. Kurien for upgradation of the training of Dairy Science College in the face of burgeoning dairy industry in India and especially in Gujarat to fulfil the increased and diversified manpower requirement. An idea was planted for radically enhancing the training component by way of putting up a Vidya Dairy. The lacuna in the Dairy education system was churned by the great dairy visionary Dr. V. Kurien into conceiving Vidya Dairy to fulfil the dream of providing excellent training facilities to the students of SMC College of Dairy Science, AAu Anand. In concurrence with the joint recommendations of National Dairy Development Board, Indian Council of Agricultural Research (NDDB-ICAR) Panel, the programme was modified from B.Sc. (Dairy Technology) to B.Tech (Dairy Technology). With this vision, Vidya Dairy was established in February 1994 with a financial assistance of Rs. 15 crores from NDDB. Vidya Dairy has also become a Company w.e.f. 10th June 1998. We would always cherish the memory of Dr. V. Kurien who used to come to Vidya Dairy and bless the students every year.

His active contribution for ushering dairy industry as well as in the nurturing and development of Vidya Dairy is praiseworthy and remembered by the Management of Vidya Dairy.

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Chairman’s StatementDear Members,

I am indeed very happy to present before you the Fifteenth Annual Report of Vidya Dairy for the year 2012-13.

The dairy managed by the professionally competent and committed group to contribute to the unique status of Vidya Dairy at all levels. This includes TQM activities to inculcate the implication of Quality, productivity and sensitivity towards the efficient use of energy having eco-friendly environment of production technology among 58 students of Third year B.Tech (Dairy Technology) students of SMC College of Dairy Science, Anand Agricultural University, Anand. During the year, the dairy has also attained the highest throughput and turnover since its inception. So far, the dairy offered training to 897 B.Tech (Dairy Technology) students.

It is my pleasure to convey compliments to all the staff members of Vidya Dairy, for their dedicated efforts to appropve & to procure the related equipments for the project on “Setting up Fermented Product Lines with Cold Storage at Dairy Plant” under Rashtriya Krishi Vikas Yojana (RKVY). This will develop confidence amongst the students for manufacture of fermented milk products and Process Development to compete with the dairy technology graduates at global level.

We are glad to inform that a proposal for financial support for “Development of a Mathematical model and its utility in design of Laminar Air Flow System” at Vidya Dairy has been partly supported by National Bank for Agricultural for Rural Development (NABARD) under Rural Investment Fund.

I am happy to inform that, Vidya Dairy has secured second position in National Dairy and Food Quiz Contest held at SMC College of Dairy Science, AAU, Anand.

Vidya Dairy has also been awarded “1st Runner up” in Baroda Productivity Council Good Housekeeping Contest 2012-13 under the category “Food, Agro & Pharma”.

We are pleased to inform that Vidya Dairy worker (contractual) Mr. Sanjay L. Rajput has been awarded the ‘Shram Vir’ award for the Category “Industrial Safety, manufacturing – Welfare & Peace.”

I am sure that with enthusiastic and dedicated co-operation of my colleagues in dairy profession, will lead Vidya Dairy to grow and fulfill the expectation of dairy farmers in their socio-economic upliftment.

It gives me an immense pleasure to convey my sincere thanks to my dedicated Board Members for their continued guidance and for the confidence they have reposed in me. Their faith encourages all of us to shine out Vidya Dairy at international level as unique model of Experiential Learning for the students of Dairy Technology.

Yours sincerely,

B P Shah

Chairman

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Mr. Birendrakumar, Manager, Dairy

Receiving 1st runner up award Baroda Productivity Council Good Housekeeping Contest 2012-13

Dr. A.M. Shekh, Vice Chancellor, AAU and Board Members of Vidya Dairy at Parents’ Meet Celebration

National Dairy and Food Quiz Contest held at SMC College of Dairy Science

(Second Prize winner Shri Sunny Kharwa and Shri Raj Patel)

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Bhoomipoojan of Expansion Project for Fermented Milk Products Line

Conference/Workshop on Cleaning Solution (CIP) for Dairy Industry

Inaugurated by Shri Rahulkumar Srivastava, MD, KDCMPUL

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NoticeNOTICE IS HEREBY given that the Fifteenth Annual General Meeting of

Vidya Dairy will be held at the Registered Office of the Company situated at

Anand Agricultural University Campus, Anand – 388 110 on 14.08.2013 at 11.00

AM to transact the following business. You are requested to remain present.

Ordinary Business:

1. To receive, consider and adopt the Audited accounts of the Company for

the year ended 31st March 2013 together with Directors’ Report and the

Auditors’ Report thereon.

2. To appoint the Statutory Auditor to hold office from the conclusion of this

meeting until the conclusion of the next Annual General Meeting and to

authorize Board to fix their remuneration.

Date : 5th July, 2013

Registered Office: By order of the Board

Vidya Dairy

Anand Agricultural University Campus B P Shah

Anand – 388 110. Chairman

1. A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO

APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF/

HERSELF AND THE PROXY NEED NOT BE A MEMBER.

2. Proxies should be deposited at the Registered office of the Company not less

than 48 hours before the commencement of the meeting.

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SMC COLLEGE OF DAIRY SCIENCE

Faculty of Dairy Science, Anand, is a pioneer national center for dairy education established in 1961.The faculty represented by S.M.C. College of Dairy Science has been recognized as a “Center of Excellence” for dairy technology education in the country. The human resource trained by the faculty has brought laurels for themselves and repute to their alma mater by their pursuit for excellence, depth of knowledge and honesty of purpose. The ICAR-NDDB joint panel has recognized the college as one of the four National Regional Centres for excellence in dairy education. The post-graduate programme leading to degree

Empowering tomorrow with the true source of knowledge

in M.Tech. / M.Sc. as well as Ph.D. is also run very effectively by the faculty and has largely contributed to Research and Development in the dairy field. The under graduate degree programme was revised in 1989 from B. Sc (DT) to B Tech (DT). Till today, the college has turned out around 2000 dairy professionals.

The important milestones are –

• 1960 – Indian Dairy Diploma.

• 1961 – B.sc (Dairy Technology).

• 1977 – Post Graduate progam for Master & Doctorate.

• 1994 – Establishment of Vidya Dairy.

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EXPERIENTIAL LEARNING PROGRAMME AT VIDYA DAIRY

Till the year 1993 under graduate Dairy Technology students of the SMC college of Dairy Science, Anand underwent the in-plant training in dairies scattered all over the country. This made it difficult for the college authorities / dairy authorities to closely monitor the students’ progress during the training, leaving them woefully short of ‘hands on’ experience. Because of this the students could not take their training more effectively. Dr. R.P. Aneja, Secretary NDDB, accompanied with Dr. R.C. Zala, the Vice Chancellor, Gujarat Agricultural University and Dr. J.M. Dave, Principal and Dean of SMC College of Dairy Science met Dr. V. Kurien, Chairman NDDB. A case was represented before Dr. Kurien for upgradation of the training of SMC College of Dairy Science College in the face of growing dairy industry in India and especially in Gujarat to fulfill the increased and diversified manpower requirement. The lacuna in the Dairy education system was churned by the great dairy visionary Dr. V. Kurien into conceiving Vidya Dairy to fulfill the dream of providing excellent training facilities to the students of SMC College of Dairy Science, AAU Anand.

An idea was put forward for radically enhancing the training component by way of setting up the Vidya Dairy. In concurrence with the joint recommendations of National Dairy Development Board, Indian Council of Agricultural Research (NDDB- ICAR) Panel, the programme was modified from B.sc. (Dairy Technology) to B.Tech (Dairy Technology). On a day which will be remembered for a long time, in the presence of Shri Amarsinh Chaudhary, Chief Minister, Gujarat, in a function at the B.A. College of Agriculture, Dr. V. Kurien offered to build a dairy plant for Rs. 13.85 Crore (on a consideration of 70:30 loan:grant). He suggested that this plant (later christened “Vidya Dairy”) can purchase milk from Amul and sell its products in markets as decided by its management committee. With this vision, Vidya Dairy was established in February 1994 with a financial assistance of Rs. 13.85 crores from NDDB. Vidya Dairy has also become a Company w.e.f. 10th June 1998.

Vidya Dairy was started as an innovative approach to inculcate professional skills in the graduating B.Tech (Dairy Technology) students of SMC college of Dairy Science, Anand Agricultural University, Anand. This was made possible by providing one year of hands-on experience in Dairy Plant Operations & Management Courses I & II.

Vidya dairy has continuously thrived for excellence, in both providing hands on learning / experience to the students and self sustainability as well as product development activities through best practices. It has been a premium institute in human resource development for dairy business aspects along with study program in addition to imparting knowledge to the participants from all over India for various training programs conducted regularly.

The uniqueness of Vidya Dairy is mainly due to its following features-

• The first dairy in India - operated and run by students

• Not- For- Profit making Organization.

• First Dairy in Gujarat to be certified for all three standards namely; ISO 9001- 2008, ISO-14000-2004 and ISO-22000-2005 from DNV -AS certification, Norway.

Republic Day Celebration

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9• Involved in R&D activity for

launching various milk products in association with GCMMF and NDDB.

• The first dairy in the country to manufacture Mozzarella Cheese in organized sector.

• The first dairy in Asia to manufacture and commercially launching Emmental Cheese (Piccolo) with the help of students. The technology has been received from Emmi International Switzerland through NDDB.

• Actively involved in the development of Amul Malai Paneer and Amul Ice Cream through vigorous research and studies done by students and staff of Vidya Dairy.

• The Board member is comprised of highly technical, professional and experienced leaders of the industry. They have played a vital role in directing the activities as well as developmental aspects of Vidya Dairy.

BOARD MEMBERS OF VIDYA DAIRY

Sr.No

Name of the Leader & Organization Designation

1 Dr. B P Shah, Ph.D. (Dairy Eng.)PrincipalSheth MC College of Dairy Science, Anand Agricultural University, Anand

Chairman

2 Shri R S Sodhi, B.E. (Agri. Engg.), PGDRM - IRMAManaging DirectorGujarat Co-operative Milk Marketing Federation Ltd, Anand

Director

3 Shri Sangramsinh R. Chaudhry,M.Sc. (Life Science), PGDRM - IRMAExecutive DirectorNational Dairy Development Board, Anand

Director

4 Shri Rahul Kumar Srivastava, B.Tech. (Paper Tech.), PGDRM - IRMAManaging DirectorKaira District Co-op. Milk Producers’ Union Ltd, Amul Dairy, Anand

Director

5 Shri D R Shah, B.Sc. (Dairy Tech.), PGDRM - IRMAManaging DirectorVidya Dairy, Anand Agricultural University Campus, Anand

Director

MISSION, VISION, MANDATE AND OBJECTIVE

Leaders (Top Management) of Vidya Dairy have framed their Mission, Vision and Mandate in writing so as to communicate and percolate the objective of Vidya Dairy in the entire organization.

MISSION: Imparting skills in a self-sustainable environment to develop professionalism in graduating Dairy Technologists so as to provide useful resources to manage the dairy industry.

VISION: To be an outstanding training – commercial organization with the State-of-Art infrastructure to impart skills to the students to manufacture quality dairy products and to achieve full capacity utilization by 2013.

MANDATE: Impart ‘Hands – on’ experience to the students and inculcate work culture of Quality, Productivity, Energy Conservation and Environment Protection; Maintain self sustainability & contribute towards product and process development.

Safety Day Celebration

Safety Audit at Vidya Dairy

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To impart technical knowledge to practicing dairy professionals across the country and neighbouring countries in the subjects of Dairy Technology, Engineering and Quality.

Modality for Hands-on-Experience

The entire batch of the Third Year B.Tech (D.T.) is divided into twelve groups of four to five students. Each group undergoes hands –on training for a period of one month in the following twelve modules.

Different modules at Vidya Dairy

Module Number

Work Area

1 Milk Processing

2 Cleaning-in-place (CIP)

3 Milk Packaging

4 Cheese and Fermented Milks

5 Ice cream

6 Butter and Ghee

7 Quality Assurance

8 Engineering Services and Plant Maintenance

9 Vidya Shoppe (a retail outlet of the Dairy)

10 Commercial function (purchase, store, accounts)

11 Marketing and Dispatch

12 MIS, Automation and House Keeping

In addition to the above mentioned regular training in the respective work areas, students are also exposed to the various other learning activities so as to provide an all encompassing training at Vidya Dairy. A few major activities are listed below -

✦ A training of 5 days is arranged at Mansingh Institute of Training, Mehsana to enhance the knowledge of engineering.

✦ Students are also sent to Amul dairy for 7 days to gain experience in milk powder & chocolate production.

✦ Trainings are also arranged for the students regarding

• ISO:22000:2005, ISO:9001:2008 and ISO:14001:2004 standards.

• HACCP & Food Safety Standards Authority of India (FSSAI)

• TQM

• HOUSE KEEPING

✦ Students are involved in activities like

• Kaizen

• Market surveys

• Handling of consumer complaints

• Marketing of new products

✦ Interactive sessions for the students are arranged by inviting senior industry personnel & eminent personalities. The students also take part in awareness programs of Safety day, Earth day, Environment day, etc.

✦ The students are required to maintain a diary for their daily routine work to submit a periodic report for critical appraisal of their learning in the concerned sections

✦ To make training more effective, every 15th day, a module-wise feedback session is arranged with the students

Student giving TQM presentation

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✦ Students participate in Market Survey, Consumer Awareness programmes.

✦ Training module on ‘Project Management’, ‘Motivation Team Building’ & ‘English Skills for Professional and Career Development’.

• At the end of each module, within a week the students submit a section-wise report to the college about their observation and exposure.

Major Equipment facilities and technologies used for training

Vidya Dairy is a semi-automatic plant with installed capacity of one lakh liters of milk per day (LLPD). The capacity to manufacture several dairy products at the plant is as under:

Installed capacity of Vidya Dairy

Product Unit CapacityMilk Litres / day 100000Ghee kgs / day 1000

Ice cream Litres/ day 8000Paneer kgs/ day 650Cheese kgs/ day 1500

Avsar Ladoo Kgs / day 500

At present Vidya Dairy handles 93,000 Ltrs milk per day, out of this 82,500 Ltrs of milk is sold as market milk of different variants such as Amul Gold (FCM), Amul Shakti (SPM), Amul Taaza (TM), Amul Slim & Trim (DTM) and Tea

Special and remaining 10,500 litres is converted into different dairy products. The dairy has an asset of indigenous and imported equipments and machineries of (APV, GEA, Tetrapak, Westfalia, Alfa Laval, DIMA, Multivac) etc for processing milk and to manufacture a range of dairy products, viz. Ice cream, Paneer, Cheddar cheese, Mozzarella cheese, as per national and international standards. For providing viability, a part of the liquid milk market was given by the Amul Dairy, Anand to Vidya Dairy. GCMMF Ltd., markets the milk products manufactured by the dairy under the brand name “AMUL”.

PROCESS AND PRODUCT DEVELOPMENT

Vidya Dairy, being a small self sustainable dairy plant with dedicated technical personnel and having whole heartedly support from all faculties of SMC College of Dairy Science, has been chosen as a center for taking trials of new products to be launched in the market and when such trials are perfected the standardized technique is transferred to dairy unions for large scale production. The following products have been developed at Vidya Dairy. • Amul Ice Cream • Amul Diced Frozen Paneer • Amul Mozzarella Cheese • Amul Emmental Cheese • Avsar Ladoo • Avsar Khoa

TRAINING PROGRAMMES FOR DAIRY INDUSTRY

In view of liberalization, effective and competitive skill enrichment of human resource has assumed a pivotal place. Vidya Dairy is the leading organization in formulating and delivering exemplary training programmes for all key stakeholders of dairy industry from students to working employees to management groups and executives.

From September 2004 to March 2013, Vidya Dairy has offered 247 short-term training programmes and trained 4083 practicing dairy / non-dairy executives of the Dairy Industry. The various training programmes conducted are as under:

Milk Processing Section

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DETAILS OF TRAINING PROGRAMME CONDUCTED UPTO 31.03.2013

Sr. No

Name of the ProgrammeNo of

BatchesNo of

participants

1Dairy Technology for Non Dairy Technologists (in English and Gujarati language)

95 1719

2 Laboratory practices in Dairy and Food Plant. 34 405

3 Technology of Pro-biotic and fermented dairy products. 19 260

4 Technology of Mozzarella Cheese. 1 12

5 Technology of Cheddar Cheese. 1 17

6 Technology of Processed Cheese. 1 8

7Technological and Engineering Aspects of Dairy and Food Plant.

18 198

8New Developments in Energy management of dairy and food plant.

3 36

9Coping with Challenges of Environment in Dairy / Food Plant.

1 12

10Management of Bulk Milk Cooling System for village level Operators

35 593

11 ISO-22000-2005 Internal auditor Training 5 122

12 ISO:22000, CIP Principles and GMP 4 153

13 Good Manufacturing Practices & Good Hygiene Practices (In-house) 3 75

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Sr. No

Name of the ProgrammeNo of

BatchesNo of

participants

14 Clean Milk Production 2 45

15 Sensory Evaluation of Milk and Milk Products. 10 137

16Technological & Engineering Aspects of Milk Condensing & Drying Plants

3 46

17Technological and Engineering Aspects of Ice Cream Plant

2 54

18Technology and Engineering Aspects of Cheese Manufacturing

1 18

19 Advances in Fat Rich Dairy Products 1 22

20 Advances in Automation in Dairy Industry 1 29

21FSSAI Requirements & Pest Management Solution in Food Industry

1 24

22 Dairy Plant Operations and Management

A A Special Training for Government of Sikkim 1 17

A Special Training for Institute of Rural Management Anand (IRMA)

1 17

B

College of Applied Food and Dairy Technology

(CAFODAT)New Baneswor, Kathmandu, Nepal

Letter of Appreciation

Prof. Jagat Bahadur K. C.Chairman

College of Applied Food And Dairy Technology

The world has witnessed the white revolution in India which was started from Gujarat, the birth place of ‘Mahatma Gandhi”. When we talk of white revolution, we can’t forget a living Legend and architect of white Revolution Dr. Verghese Kurien.It gives me a great pleasure to mention that a number of senior Nepalese Dairy Technologists, at present working in Nepal, had their education from Dairy Science College, Gujarat Agricultural University, Anand.One month training program organized as a special consideration, to CAFODAT students is highly appreciated by the college management committee. We thank “Vidya Dairy, AAU Campus” Anand, for the cooperation extended to CAFODAT.

A Special Training for College of Applied Food & Dairy Technology, Nepal

2 16

23 ISO:14001:2004 Implementation and Management of ETP in Dairy Industry 1 24

24 Outlines of Dairying 1 24

TOTAL PROGRAMMES 247 4083

DETAILS OF TRAINING PROGRAMME CONDUCTED UPTO 31.03.2013

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Directors’ ReportDirectors’ ReportDirectors’ ReportDirectors’ ReportDirectors’ ReportDirectors’ Report

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Dear Members,

The Directors are pleased to present the Fifteenth Annual Report on the business and operations of Vidya Dairy along with the audited accounts for the year ended on 31.03.2013. We feel very happy to share with you the performance and progress of Vidya Dairy during the year 2012-13.

Students’ Training

Imparting Hands-on-Experience to B.Tech (Dairy Technology) students of SMC College of Dairy Science, Anand Agricultural University, Anand is the mission of Vidya Dairy. The students are exposed to commercially viable environment that helps students in developing professionalism, confidence and proficiency in all work areas. Initially, the students join the dairy as fresh raw material where they are briefed by the staff about various activities of the departments and their role at Vidya Dairy. All resources such as training manuals, ISO documents, Equipment operation manuals, SOPs, HACCP documents, Forms and Formats, SAP System for accounting, Marketing & Inventory Control are provided to the students and they are molded to grasp various activities and take responsibility at work. By doing so in a module of 30 days, the students learn all the aspects of the section thoroughly. This includes manpower handling, loss control, energy saving, operation procedures, problem solving, trouble shooting, schedule maintenance, communication skills, accounting and book-keeping practices, customer handling etc. Once the students are fully acquainted, the staff hands over the responsibilities of the section to the student trainees. There after the students work with confidence, simultaneously learning the ‘nuts and bolts’ of the commercial practices of the organization.

Upgradation in the process such as revising the

operating manuals, computer systems and partial

applicable automation processes in production are few

new methodologies applied in the recent past, apart

from development of new products such as Edam

cheese, varieties of ice cream like Kheer, Rabdi,

Kewra, Khush, Basundi, Sandwich, Pine apple tid

bits.

During the year 2011-12, 57 students successfully

completed their training and a fresh batch of 58

students joined the dairy on 1st May 2012. Vidya

Dairy has so far trained 897 students of third year

B.Tech (DT) of SMC College of Dairy Science,

Anand.

Felicitation of Dr. J.M. Dave, Founder Chairman and Dr. S.S. Sannabhadti, Ex-Chairman of Vidya Dairy during Parents’ Meet by Dr. A.M. Shekh, Vice Chancellor, AAU and Shri RS Sodhi, MD, GCMMFL

0

10

20

30

40

50

60

70

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

56

46

59

50

6057

58

2006-07

56

20007-08

46

2008-09

59

2009-10

50

2010-11

60

2011-12

57

2012-13

58

The core staff of the dairy is intensively engaged in training the students for a span of one year. The students are required to maintain day to day work diary to enable them to submit a monthly report that is evaluated to know what they learnt in each section. In order to make learning more effective, on every 15th day of the month, a module-wise

Total Number of Students Trained: 897

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feedback sessions is arranged for the students by

dairy officers and faculty from the college.

The Practical knowledge of the students is

enhanced by Interactive guest faculty session with

Professionals, Statutory Authorities and Vendors.

Such interaction sessions are arranged regularly

throughout the year. A training module of 5 days

at Mansinh Institute of Training, Mehsana, 7 days at

AMUL Dairy, Anand including visits to its Mogar

and Khatrej Plants, Training at Amul Preferred Outlets

(APO - selling of products) at AAU premises are

also arranged to familiarize them with the entire

range of Amul products. Participation of students in

market survey, consumer awareness programmes such

as Focus Group Discussions educates the students and

consumers about importance of unadulterated milk and

milk products. The students are involved in various

activities such as Cost Control, ISO HACCP,

TQM Apex Steering Council, SQC, Kaizen, House

Keeping, etc.

Extra-Curricular Activities

The following activities took place for ‘personality

development’ and ‘skill enhancement’ of the students:

Three (3) days Motivational Training

Programme by Shri Paresh Pandya was organized for

the entire batch.

1. Students participated in Inter-Agricultural

University Cultural Competition during 24-28

February, 2013 and got overall 2nd position.

2. Students took part in the awareness rally

‘Don’t use Plastics’ which was jointly organized

by Gujarat Pollution Control Board, Anand, Amul

Dairy, Vidyanagar Nature Club & Vidya Dairy on

the occasion of ‘World Environment Day’ on 5th

June 2012.

3. “Project Management” lectures by Prof. G.

Krishnamurthy, Principal, Indukaka Ipcowala

Institute of Management, Changa, Gujarat were

arranged..

4. Thirty lectures on “English Skills for Professional

and Career Development” were arranged for the

students by Shri Sham Chaudhry. Reading material

on English Grammar, Composition and Spoken

English were provided to the students.

5. To strengthen Verbal Communication and

Presentation Skills, Prof. Partha Chakrabarti

conducted a 3 day workshop for the entire batch.

The students had also attended his lecture on “How

to face Interview”.

6. The students underwent a 3 day workshop on the

principles of Total Quality Management (TQM)

conducted by Shri Sham Chaudhry.

Guest Lectures arranged for the students by the industry professionals.

✦ A lecture was conducted on “Effective

Communication & Positive Attitude” by Prof.

Hitesh Bhatt from IRMA.

✦ An interaction with Prof. Baboo Nair, (Lund

University, Sweden) was arranged for the

students on 31.08.2012.

✦ Series of lectures on “Basic Engineering”

by Dr. Mukesh Bulsara, Professor GH Patel

World Environment Day Celebration - Poster Competition

Training Programme on ‘Advances in Fat Rich Dairy Products’. Inaugurated by Shri Sangram R. Chaudhry,

Executive Director, NDDB

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Engineering College was arranged during 4-9

June, 2012 at “Suvidya Hall” of SMC College

of Dairy Science.

✦ A lecture was conducted by Mr. Vivek

Kulkarni, M/s. Chr. Hansen Ltd on 10th

October, 2012.

✦ Four students attended the Training

Programme on “Advances of Fat Rich Dairy

products” during 25 - 29th June, 2012.

✦ Half day session was conducted by Diversey

Group on “Hygiene & Cleaning Solutions” by

Mr. Hari Prasad.

✦ Three half day technical sessions were

conducted by Mr. Ashish Powari from M/s.

Sealed Air (India) on “New Technology in

Packaging Material, Equipment & Process”.

✦ Parents’ Day was celebrated on 18th April 2012.

On this day, parents of the students, got an

opportunity to meet the faculty, dairy officers and

staff. Students with 100% attendance (zero

deficit), first prize winner in the Category of

Best Students, Poster Competition winner, best

group Kaizeners and Top individual Kaizeners

were felicitated in the midst of their parents.

✦ Teachers’ Day was celebrated on 5-6 September,

2012 with zeal and fest. On this day students

independently took charge of the sections in

which they worked, as officer for the entire

day and dealt with all sectional activities like

resource management, the deployment of man

power, etc. On the next day, interaction session

amongst staff and students was arranged

wherein all the staff members were felicitated

by students, followed by speech from students

and staff. Thus each and every student and staff

member shared their experience. Teacher’s Day

celebration builds confidence in students as

they are given opportunity to act on their own

without any intervention from staff members

and they themselves realize their potential and

perform effectively when they are involved in

any such activities.

Financial ResultsI am very happy to inform you that during the Year

2012-13, the turnover of Vidya Dairy increased to

` 138.09 crores from ` 124.33 crores in the previous

year, i.e. an increase of 11.07%. The dairy has made

a surplus of ` 156.43 lakhs during the year 2012-

13 against a surplus of Rs. 205.64 lakhs during the

previous year as below:

ParticularsAmount ` in Lacs

FY 2012-13 FY 2011-12

a Total Income 13809.82 12433.56

b Total Expenditure (excluding Interest and Depreciation)

13581.54 12158.84

c Surplus before Interest and Depreciation

228.28 274.72

d Depreciation 73.50 61.74

e Operating Surplus 154.78 212.98

f Less : Interest and Finance Charges

6.01 7.34

g Net Surplus 148.78 205.64

h Add : Income Tax Provision (Net)

0.00 0.00

i Net Surplus 148.78 205.64

j Prior period depreciation on Grant

7.65 0.00

k Net Surplus carried to Balance Sheet

156.43 205.64

Capital Addition 280.33 218.09

Keeping in mind the required infrastructure and

replacement of old plant and machinery, ` 280.33 lakhs

has been incurred towards Capital Assets, during the

year 2012-13.

Sales Turnover ` in Lakhs

4744

5863

6708

7938

10102

12433

13809

0

2000

4000

6000

8000

10000

12000

14000

16000

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

DAIRY ACTIVITIES

DAIRY PLANT OPERATIONS AND ENERGY USAGE

During the year, concerted efforts were made to strengthen TQM concept in the dairy with a view to improve Productivity, Quality, Energy Efficiency and Environment.

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This helped in controlling milk solid losses, utilities including natural gas and electricity; various chemicals and packaging materials. This practice has resulted in controlling cost and improving plant efficiency. All the control charts are critically evaluated in the monthly Apex Steering Committee meetings attended by sectional heads, student representatives and professional advisors from Faculty and Industry.

✦ It is my pleasure to convey my compliments to all the staff members of Vidya Dairy that we had applied for Grant in Aid under RKVY Scheme for setting up “Fermented Product Lines with Cold Storage and Marketing Facility at Vidya Dairy”. This will develop confidence amongst the students for the manufacture of fermented milk products, Product and Process Development to compete with the dairy technology graduates at global level. The total cost of the proposed project is Rs.434.88 lakhs, of which Rs. 304.41 lakhs has been sanctioned under RKVY scheme as financial assistance (i.e 70% of total cost of project). Out of Total RKVY sanctioned grant fund of Rs. 100.00 lakhs has been received during the year 2012-13.

‘Bhoomi Pujan’ of the said expansion project was graced by the presence of Shri R S Sodhi, Managing Director, GCMMF, Shri Sangram Chaudhry, Executive Direcor- NDDB and Dr. K B Kathiria, Director of Research & Dean PG Studies, AAU, Anand.

from Ecolab shared their global experience and knowledge to address these challenges. The event was successfully organized on 30th June, 2012 at Madhubhan Resort, Anand, Gujarat.

Shri Rahulkumar Srivastava, Managing Director, KDCMPUL (Amul Dairy) was Chief Guest of the conference & delivered highly effective key note address. Speakers from New Zealand and Japan presented technical papers and Mr. Ron Pringle, GM & VP Ecolab India briefed on the theme of the conference.

✦ Vidya Dairy secured “Runners-Up” in the poster competition presented on the topic “Evaluating Ash Gourd Sweetmeat as natural and value added flavoring in Ice Cream” at, National Seminar & Alumni Convention 2013 held at SMC College of Dairy Science, Anand.

✦ A presentation was made on “Vidya Dairy a unique concept” in “All India Agricultural Universities Vice Chancellor’s Conference” on 20th February 2013 at ICAR, New Delhi.

✦ Vidya Dairy organized joint Dairy Conference with Ecolab on “Importance of Food Safety & Hygiene in Dairy Industry”. The objective of the conference was to create a mutual interaction platform wherein the key stakeholders from the Dairy Industry shared the challenges they faced in food safety & hygiene at their plants. The technical experts

Shri Rahulkumar Srivastava, MD, KDCMPUL giving key-note address in joint conference with

Ecolab on ‘CIP Solutions’

Ms. Jahnvi Pandya, Executive receiving Runner up award in the Poster Competition held at National Seminar & Alumni Convention 2013 at SMC College of Dairy Science, Anand

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The following table shows the quantity of milk and milk

products manufactured by Vidya Dairy during the

year under report and the previous year. The table

also includes the energy utilized and cost / litre of

milk processed.

Particulars 2011-12 2012-13

Milk throughput (LPD) 89639 92856

SPM Pouch Yield Per kg film 408 408

Ice Cream (Lit) 1081413 1393826

Cassatta & Roll Cut (Lit) 280962 244436

Cheddar Cheese (kg) 277249 192710

Mozzarella Cheese (kg) 68822 108314

Paneer (kg) 8452 13324

Ghee (Lit) 334640 118940

Energy Consumption

Lit of Milk Processed / m3 of Gas 120 142

Lit of Milk Processed / Unit of

Electricity

13.80 14.70

✦ Paneer trials were taken with the standard procedure using as a coagulant GDL (Glucono Delta Lactone) and Paneer made with homogenized milk. There is no significant difference in yield and moisture by using GDL as a coagulant.

✦ To improve the cleaning and sanitation efficiency various trials were taken with different cleaning chemicals.

✦ PG students from SMC College of Dairy Science took projects for their Master’s research work at Vidya Dairy

✦ Conversion of White Butter into ghee. A total of 1,39,596 kg of White Butter from Valsad Union and 10290 kg from KDCMPUL were converted into ghee during the year.

✦ Mock Drill with respect to ‘Transformer Blasting’ was carried out on 29th December 2012.

✦ Horizontal Milk Storage Tank (HMST) (10 KL Capacity) for milk pouch packing and New Basundi vat for ice cream section were installed.

✦ Installation of Ice Cream Deep Freeze (Blue Star make) for storage of ice cream.

✦ Installation of Air Purification system in cheese packing area.

✦ Setting up of three new Evaporative Condensers for refrigeration plant.

✦ Installation of Reverse Osmosis Plant for Boiler feed water & evaporative condensers make up water.

✦ Installation of new Ammonia Compressor KC4 & KC3 type refrigeration plant.

✦ Dry Store Expansion work was completed.

✦ New Weigh Bridge was installed at main gate.

Milk Throughput Litres Per Day

6445970371

7282977552

8473089639

92856

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Following are the highlights of various tasks carried out by way of modification, addition or introduction of new equipment or services with respect to Production and Engineering activities.

✦ Trials for various ice cream varieties viz. ‘Kheer’ Ice Cream, ‘Rabdi’ Ice Cream, ‘Kewra’ Ice Cream, ‘Khush’ Ice Cream and Basundi based Pista, Kesar Ice Cream; Pineapple tids bits Ice Cream, Sandwich Ice Cream, Green Tea Ice Cream, Praline Ice Cream and Tiramisu Ice Cream were conducted as per the guidelines of GCMMF.

✦ Trials of Edam Cheese were successfully completed

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New Weigh bridge (40 ton) inaugurated by Shri S.R. Dave, CGM, NABARD & Dr. B.P. Shah, Chairman, Vidya Dairy

✦ Vidya Dairy secured “Runners-Up” in the poster

competition presented on the topic “Evaluating

Ash Gourd Sweetmeat as natural and value added

flavoring in Ice Cream” at, National Seminar &

Alumni Convention 2013 held at SMC College of

Dairy Science, Anand.

QUALITY MANAGEMENT

✦ The section-wise progress on Quality Management was regularly reviewed in the monthly TQM meetings. The day-to-day monitoring was effected through run charts and control charts. The housekeeping audits were regularized and monthly scores were displayed. To ensure quality at all levels, the awareness and training pertaining to quality was imparted.

✦ Vidya Dairy received Food Safety license from central licensing authority with license number of 10012021000350. The license is valid up to 30th March, 2017.

✦ A proposal for “Development of a Mathematical model and its utility in design of Laminar Air Flow System” at Vidya Dairy was submitted to NABARD. They have sanctioned financial support under Rural Innovation Fund (RIF).

✦ Vidya Dairy has been selected “1st Runner up” in Baroda Productivity Council Good Housekeeping Contest 2012-13 under the category “Food, Agro & Pharma”. Award ceremony has been organized on 24th May 2013 at Vadodara.

✦ Vidya Dairy’s team secured second position in National Dairy and Food Quiz Contest held at SMC College of Dairy Science on 14th September 2012.

External Training Programmes

In view of liberalization, effective and competitive skill enrichment of human resource has assumed a pivotal place.

Besides imparting regular training to B.Tech (DT) students, the dairy is also organizing Short- Term Training Programmemes for the benefit of the industry in association with the Faculty of SMC College of Dairy Science, Anand. These programmes are aimed at giving broad orientation of technological and analytical aspects of milk and milk products along with hands-on-experience of the operations to the dairy / non-dairy personnel working in plant and laboratory areas. This program refreshes their knowledge and enriches the skills of practicing

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technology challenges including reducing costs,

increasing flexibilities, ensuring consistent high quality

dairy / non-dairy executives which ultimately helps the organization to improve efficiency, reduce cycle time and cost. The training programmes are designed taking into consideration the recent requirements of the dairy industry. Tailor made training programmes are also designed as per the requirement of an organization, to fulfil their needs. The students as well as participants of various short-term courses were taken for visit to various dairy plants for exposure to the working environment and new products manufacturing techniques.

During the year, we have conducted new training programmes as mentioned below:

1. Advances in Fat Rich Dairy Products

The ever increasing consumer awareness for choice of dairy foods like cream, butter and fat spreads

Group Photo of ‘Advances in Automation for Dairy Industry’ Programme

with regard to freshness, taste, health and convenience

is a determining factor in capturing the market. The

demand for low cholesterol food, low saturated

fat content, trans-fatty acids free products and

the one’s rich in MUFA, PUFA and Omega-3

fatty acids containing products has changed the

conventional methods of dairy business. Once the

participants are abreast with the knowledge related to

fat-rich dairy product, they can be instrumental in

new product development in these areas e.g. whipped

cream, whipped butter, low cholesterol ghee etc.

With this in focus, Vidya Dairy in association with

Faculty of Dairy Science, Anand organized a 5 days

training program on “Advances in Fat Rich Dairy

Products.”

2. Advances in Automation in Dairy Industry

There is huge potential of automation in Dairy

Industry. Today, the industry is facing several

Group Photo of ‘FSSAI requirements & Pest Management Solutions in Food’ Programme

and strict compliance to regulatory requirements. If

we have to implement Food Safety and Standards Act

2006, Food Safety Management system (ISO 22000),

automation has to play an important role to have

consistent product quality on continuous basis. The

present day Engineers and Dairy Technologists find

bewildering pace of change in the Instrumentation and

Automation, as applied to Dairy and Food Industry.

Be it the field of milk procurement, reception,

processing and product manufacturing, one cannot

expect good hygienic practices in a Dairy Plant

without automatic C.I.P. System. We must equip

ourself for use of PLC based systems.

With this in focus, Vidya Dairy in association with

Automation Industry organized a 2 days training

program on ‘Automation in Dairy Industry’.

3. FSSAI requirements & Pest Management

Solutions in Food

In recent times, Pest Control and Management

has become an integral part of a food safety

Group Photo of ‘Advances In Fat Rich Dairy Products’ Programme

management system for any food establishment. With increasing focus on pre-requisite programs by all the food safety standards, the food safety manager

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has to continuously keep up to date with the new

developments in pest management. Moreover, food

safety regulations are becoming far more demanding

and so is its enforcement.

The presence of pests in food production areas is

absolutely unacceptable. Hence, this course aims to

provide the participants with an opportunity to

learn the fundamentals of pest management in

food establishment and to equip participants with

the knowledge and skills required to prevent pest and

have Good Hygiene Practices (GHP) in line with FSSA

requirements.

With this in focus, Vidya Dairy in association with DNV

had introduced a 2 days training program on ‘Pest Group Photo of ‘Outlines of Dairying’ Programme

Management in Food Industry and Awareness on Food Safety and Standards Act 2006’.

4. Outlines of Dairying

A special programme was conducted for engineers of Tetrapak & GEA Global Ltd.

Yearly Comparison of External Training Programme: 2011-12 v/s 2012-13

Sr. No

Name of Training Programme

2011-2012 2012-2013

No. ofBatches

No. ofTrainees

No. ofBatches

No. ofTrainees

1 Dairy Technology for Non Dairy Technologists (in English and Gujarati Languages)

11 205 9 121

2 Laboratory practices in Dairy and Food Plant. 3 58 4 44

3 Technology of Pro-biotic and fermented dairy products. 2 40 1 18

4 Technological and Engineering Aspects of Dairy and Food Plant. 0 0 1 20

5 Management of Bulk Milk Cooling System in Gujarati for village level Operators

6 108 10 183

6 Sensory Evaluation of Milk and Milk Products. 4 77 2 26

7 Technological & Engineering Aspects of Milk Condensing & Drying Plants 2 37 1 9

8 ISO:22000, CIP Principles and GMP 3 125 0 0

9 ISO:14001:2004 Implementation and Management of ETP in Dairy Industry 1 24 0 0

10 Technological and Engineering Aspects of Ice Cream Plant 1 30 1 24

11 Technology and Engineering Aspects of Cheese Manufacturing 1 18 0 0

12 GMP, ISO and HACCP 3 75 3 75

13 New Development in Energy Management of Food and Dairy Operations 0 0 1 12

14 Advances in Fat Rich Dairy Products (New) 0 0 1 22

15 Outlines of Dairying (New) 0 0 1 24

16 FSSAI Requirements & Pest Management Solution in Food Industry (New) 0 0 1 24

17 Advances in Automation in Dairy Industry (New) 0 0 1 29

TOTAL NUMBER OF PARTICIPANTS 37 797 37 631

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LIQUID MILK MARKETING

The marketing operations include direct liquid milk marketing and dispatch of Amul Milk Products. The dairy continued its efforts to increase liquid milk market. During 2012-13, Vidya Dairy established 5 more Amul Exclusive Outlets in Anand, 108 retails points for increasing availability of Amul Milk and conducted 9 Focus Group Discussions / Street Plays. Activities of the Marketing Department include distribution of milk according to the market demand, market monitoring, infrastructure development, creating consumer awareness and sales promotional activities.

Vidya Dairy markets milk in Anand and nearby towns of Vallabh Vidyanagar, Petlad, Borsad, Tarapur, Cambay and adjoining rural areas of Anand District. At the end of the year, the following infrastructure existed.

Dealers 41

Exclusive Outlets 86

Tricycles / Pushcarts 18

Retail points 715

Cold Store at Cambay 1

Vidya Dairy Stall was put up at ADROIT- The food fest at College of Food Processing Technology - AAU, Anand on 15th October, 2012.

The employees and students of Vidya Dairy carry out regular market surveys to know the customer needs and expectations to familiarize with the changing market realities. The dairy manages exclusive outlets in Anand Market.

During the year the average daily sale of milk was 82,640 lit which is 4% higher than the corresponding figure of 79,526 lit last year, as summarized below:

MILK & FERMENTED PRODUCTS SALES REPORT

Particulars 2011-12 2012-13 %

LPD LPD +/-

SPM 200ml 3429 3739 +9

SPM 500ml 30817 26087 -15

SPM 6 L 793 545 -31

Tea Special 500 Ml 551 916 +66

Tea Special 1L 12300 13791 +12

DTM 200 ml 2646 2005 -24

DTM500 ml 1089 1139 +3

DTM 6 L 2081 1691 -19

Gold 500 ml 24660 31395 +27

Gold 6 L 896 688 -23

Tm 500 ml 242 545 +124

Tm 6 L 22 54 +147

Others 0 44 –

Grand Total 79526 82640 +3.71

Butter Milk & Lassi 6809 10354 +52

Masti Dahi & Yoghurt (Kgs) 1163 1338 +15

51532

57154

6313168162

73163

7952682640

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Milk Sales Litres Per Day

Some other notable points during the year:

✦ An overall growth of 3.9% in sales of market milk was achieved.

✦ Advertisement campaign for Cycles and Centers were launched.

✦ There was no outstanding money from any dealer or APO as a result of strict monitoring.

✦ Students took part in market visits and sales promotional activities.

✦ Eight Focus Group Discussions for enhancing pouch milk sales were conducted on 20th February, 2013.

34590

13755

4667

15098

6532 4884

79526

35467

14527

5054

15056

70795298

82482

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

Anand Cambay Petlad VVN &VUN

BorsadTarapur,

Vasad

Others Total

City/Townwise Milk Sales (Litres Per Day)

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ENVIRONMENT AND SAFETY

To maintain sustainable environmental stride, the dairy took initiative for waste minimization of all its resources. The functioning of Effluent Treatment Plant was normal. The treated effluent was utilized

Mr. Sanjay L. Rajput a worker of Vidya Dairy had been awarded Shram Vir award under category of Industrial Safety, manufacturing - Welfare & Peace. He was felicitated and awarded ` 15,000/- in the ceremony held at Baroda by Minister of State for Industrial Health & Safety.

PUBLIC RELATIONS AND VISITORS

Vidya Dairy being an unique educational cum commercial organization attracts visitors of all kinds i.e. Students from other Dairy Science Colleges, new employees of neighboring organizations, participants to various training programmes, Post Graduates students and above all National and International Dignitaries, Scientists and Professionals.

During the year, 253 students of other Dairy Science Colleges and a students of MBBS, Food Process Engineering, ABM institutions in the vicinity of Anand visited our dairy Plant and were briefed about Vidya Dairy’s activities.

Distinguished Guest visitors at Vidya Dairy were:

✦ Mr. Nure Alam Chowdhury, Minister for Animal Resources Development, Government of West Bengal.

in-house by sprinkling in the garden and this helped

in maintaining greenery as well as eco-friendly

environment in the dairy premises. The dairy managed

the wastes including water, air emissions and solid

waste in such a manner that our treatment complied

with the norms laid down by GPCB for environment.

As a part of the World Environment Day

Celebration, in order to create awareness among

students, poster and slogan competitions was held at

Vidya Dairy, in which students actively participated.

The celebration, ended with the tree plantation by the

guests from GPCB, Vidyanagar Nature Club along

with the students and staff members of Vidya Dairy.

We have been granted Consent (NOC) for a period

of Five years vide CTE Order No. CTE -48320 valid

up to 1st March, 2017 from Gujarat Pollution Control

Board, Gandhinagar.

Vidya Dairy has been granted ‘Consolidated Consent

and Authorization (CC & A)’ for the period of Five

Years valid up to 10th June, 2017 vide Consent Order

No. AWH-50953 from Gujarat Pollution Control Board,

Gandhinagar.

As a part of the Safety Week Celebration, Vidya Dairy

organized a training programme and demonstration

of various types of fire extinguishers and safety

equipments to create awareness among students.

World Environment Day Celebration

✦ A 30 member team of Progressive Farmers of Dairy Development, Kerala visited Vidya Dairy.

✦ Dr. B.S.Sidhu, Managing Director, MilkFed, Punjab, Chandigarh attended Training Programme on “Dairy Technology for Non- Dairy Technologists”.

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✦ Mr. Jakova Katuamba, Commercial Counsellor,

High Commission of the Republic of Namibia,

New Delhi.

✦ Chairman, Vice Chairman and Board of Directors

of Sugar Co-operative (14 delegates) from Sangli

District, Maharshtra accompanied by NCDFI

officials. Shri TK Ramachandran, MD, TCMMF

Ltd., Tamilnadu.

✦ Mr. Suleman Sharif, MD, Sharif Group, Pakistan,

Mr. Muhammad Islam, Project Manager & Milk

Procurement officers.

✦ Shri Babubhai Bokhiria, Hon. Agricultural Minister, Gujarat State with Dr. AM Shekh, Hon. Vice Chancellor, AAU.

Personal Effectiveness Programme for Staff Members Lecture on Effective Communication & Positive Attitude by Prof. Hitesh Bhatt, IRMA

✦ Mr. Ziaullah Attash, Director Feed Development, Ministry of Agriculture, Irrigation and Livestock, Mr. Abdul Aziz Zaki, Dairy Development Director and Livestock production Expert and Mr. Mohhammad Basir, Director, Co-operative Department, Afghan Agriculture Ministry, Kabul, Afghanistan.

✦ Prof. Abhijit Sen, Hon. Member Planning Commision, Govt. of India. His feeling about Vidya Dairy - “An extremely interesting concept of Dr. Kurien which appears to be doing very well. Its an idea worth replicating many times over”.

Staff Training

The activities during the year emphasized employees’ involvement through TQM and Teamwork as well as their enrichment through training.

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Seminar on ‘Role of Emulsifier and Stabilizer in Icecream’ conducted by Lucid Colloids India Ltd.

Training on ‘Rights & Duties go hand in hand’ for workers 8 Habits of Highly Effective People for Staff Members

‘Human Safety and awareness training – Concept of First Aid’ for staff & workers

Vidya Dairy presented a paper on “Preparing manpower for future industry demands” at the Indian Dairy Conference, Mumbai.

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With a view to enrich the technical and professional

competence of the dairy staff, the employees from

all work areas were sponsored to the relevant training programmes as mentioned below:

SR. NO

Workshop / Seminar / Training DATE INSTITUTION

1 Workshop on Quality and Process Management 06th 07th & 18th December, 2012 IRMA, Anand

2 Personal Effectiveness 31st May, 2012 Shri Raj Sinha Roy, Skills2excel, Baroda

3 Waste Management in the manufacturing sector 22-25th August, 2012 IRMA, Anand

4 National Dairy Product Judging Contest 22th September, 2012 SMC College of Dairy Science, Anand

5 Gujarat Safety Council 03-08th September, 2012 Gujarat Safety Council, Baroda

6 Food Safety and Standard Act 15-16th September, 2012 Det Norske Veritas (DNV), Mumbai

7 7th Convention of Indian Dairy Engineers and National Seminar on Automation

15-16th September, 2012 College of Dairy Technology, SVVU, Tirupati

8 Food Safety and Standard Act and Pest Control Management

29th November -01st December, 2012

Det Norske Veritas (DNV), Mumbai

9 National Seminar on An Integrated approach for enhancing the productivity, quality and safety of Indian Food Products

11-12th January, 2013 National Productivity Council, New Delhi

10 41st Dairy Industry Conference “Global Dairy Industry & Food Security”

14-16th March, 2013 Indian Dairy Association, Mumbai - 400 058

11 Rights & Duties go hand in hand 01st February, 2013 Baroda Productivity Council, Baroda.

12 8 Habits of Highly Effective People 05th February 2013 Baroda Productivity Council, Baroda.

13 Mangement Development Programme “General Management Programme

25th February to 16th March, 2013

Institute of Rural Management, IRMA, Anand

14 Innovative Approaches in Dairy Industry & 10th Alumni Convention

01- 02nd March,.2013 Sheth MC College of Dairy Science, AAU Campus, Anand

15 Workshop on Danfoss Cold Chain Solutions for Dairy Segment

20th March 2013 Danfoss Industries Pvt. Ltd, Ahmedabad

Vidya Dairy staff was actively involved in

implementing Kaizens that reflect improvement in

various work areas. This in turn enhances employee’s

skills and way of thinking for betterment of

organization in terms of quality, safety, time saving

and cost effectiveness. There is ‘Kaizen Chairman’

for evaluating and monitoring Kaizens done by all

the staff members. Kaizens are discussed and read out

during Apex Steering Committee meeting and the ‘Best

Kaizener’ is felicitated by the Managing Director of

Vidya Dairy.

ENERGY CONSERVATION

The energy conservation activities at Vidya Dairy is in

its firm commitment and approach towards efficient

utilization of energy and reduction of all forms of

waste. During the year, following energy conservation

efforts were initiated:

✦ Installed three evaporative type condensers

in Refrigeration plant

✦ Four product coolers were replaced with

new product coolers of Alfa Laval in Ice

Cream Hardening Room.

✦ Installed new KC - 4 and KC - 3 compressors

in refrigeration plant.

✦ Installed automatic capacity controller in

Ammonia compressors

✦ Conventional mercury lighting were replaced

by metal helide type lighting.

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✦ Fuel & Electricity savings were up to ` 30.00 lakhs during financial year 2012-13.

✦ Water utilization has been reduced to 1.4 lit / lit of milk processed

✦ New Energy Efficient Air Compressor has been installed during the year.

The dairy will continue its proactive approach in implementing energy efficient and eco-friendly technologies in near future too.

Future Perspective

Vidya Dairy being a learner-centric organization will continue to ensure a participative work culture amongst the students, staff and faculty to groom the responsible Dairy Technologists. The dairy, with the help of its core staff and the faculty of dairy science, will continue to promote Quality, Productivity, Energy Efficiency, Environment Protection and Value system amongst the young dairy technology graduates.

We have submitted a Project proposal for Strengthening in-house Research and Training facility at Vidya Dairy to get grant under RKVY Scheme to Hon. Member Secretary & Director (Agricultural), APIC, Gujarat State, Gandhinagar.

There is a need to strengthen this training programme by establishing Research & Training Centre at Vidya Dairy to develop innovative and ‘value added’ different types of milk and milk products which will cater to the current needs and benefit human mankind.

Our Training programme includes theoretical session followed by practical sessions. The exclusive training and research facility would strengthen our Training programme and make Vidya Dairy a ‘Centre of Excellence’ for dairy professionals training.

Product and Process Development is the need of the hour to satisfy customer’s changing needs.

✦ The project will help participants of the entire country to get themselves trained with new skills. Other linkages are built-in the proposed project to target Dairy industry professional.

✦ To procure specific equipment for research and training activity.

✦ To carry out Research and Development in the field of Dairy and Food products.

DIRECTORS

The dairy has the Principal & Dean of SMC College of Dairy Science , AAU, Anand as its non-executive Chairman, Managing Director as its Executive Director, and three independent Directors namely; Managing Director, Gujarat Co-operative Milk Marketing Federation Ltd, Anand; Managing Director, Kaira District Co- operative Milk Producers’ Union Ltd, Anand and a Representative from the National Dairy Development Board, Anand.

PARTICULARS OF EMPLOYEES

The Company has not paid any remuneration to its employees that attracts the provisions of the Companies (Particulars of Employees) Rules 1975 read with Section 217 (2A) of the Companies Act 1956 as amended to date. Hence, no information is to be appended in the report in this regard.

ACCOUNTING STANDARD

The Company has prepared the accounts in consonance with the accounting standards as prescribed by Institute of Chartered Accountants of India (ICAI).

AUDITORS’ REPORT

The notes to the accounts referred to in Auditors’ Report are self-explanatory and do not call for any further explanation under section 217 (3) of the Companies Act 1956.

AUDITOR

M/s. Talati & Talati, Ahmedabad. Chartered Accountants Registration No. 110758 W Statutory Auditor of the Company is going to retire at the ensuing Annual General Meeting of the Company and is eligible for re-appointment. The Company has invited and received certificate from said firms of Chartered Accountants under section 224(1B) of the Companies Act, 1956, that if appointed their appointment will be within the ceiling prescribed under the Act. Members will be requested to appoint statutory auditors and to fix their remuneration for the financial year 2013 - 14.

FOREIGN EXCHANGE

During the financial year 2012-13, Vidya Dairy has imported Air Compressor and made payment of

€28500/- (`1890975/- @ ` 66.35 per Euro)

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INSURANCE

The company has taken adequate insurance of fixed assets and other insurable current assets.

FIXED DEPOSITSThe company has not accepted any fixed deposits.

DIRECTOR’S RESPONSIBILITY STATEMENTPursuant to Section 217 (2AA) of the Companies Act, 1956, as amended by the Companies (Amendment) Act 2000, the Directors confirm that: In the preparation of the Annual Accounts for the Financial Year ended on 31st March, 2013, the applicable accounting standards have been followed.

1. Appropriate accounting standards have been applied consistently and have made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31st March, 2013 and of surplus for the period 1st April, 2012 to 31st March 2013.

2. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

3. The annual accounts for the Financial Year ended on 31st March 2013 have been prepared on a ‘going concern’ basis.

ACKNOWLEDGEMENTS

Our achievements would have not been possible without the continuous co-operation received from each one of you who actively took part in our endeavour. On behalf of the Board of Directors: We are grateful to the Hon.Vice Chancellor of AAU, Chairman of National Dairy Development Board (NDDB), Chairman of Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMFL) and Chairman of Kaira District Co-operative Milk Producers’ Union Ltd. (KDCMPUL) for sparing the services of their officials in the Board of Vidya Dairy. We are extremely grateful to NDDB for extending Term Loan, KDCMPUL for supply of quality milk and GCMMFL for continuous efforts to help in improving the liquid milk market and lifting of milk products. During the year, Vidya Dairy received help and co-operation from a number

of organizations. We take this opportunity to thank all of them, namely,

✦ National Bank for Agriculture and Rural Development (NABARD).

✦ Government of Gujarat (Animal Husbandry Department).

✦ Superintendent Engineer, Madhya Gujarat Vij Company Ltd., Anand (MGVCL).

✦ Gujarat Pollution (Air & Water) Control Board.

✦ Charotar Gas for supplying uninterrupted natural gas to Vidya Dairy.

✦ Sardar Patel Renewable Energy Research Institute (SPRERI)

✦ Petrolium Conservation Research Association (PCRA)

✦ Gujarat Environmental Serivices Society (GESS)

✦ Food & Drug Control Administration.

✦ Regional Agmark Laboratory.

✦ Det Norske Veritas (DNV-ISO Auditor).

✦ Collector of Anand District, Anand.

✦ District Police Authorities, District Development Officers, Anand.

✦ Factory Inspectorate.

✦ Boiler Inspectorate and Electrical Inspectorate.

✦ Labour Office.

✦ Sales Tax, Income Tax & Central Excise and Service Tax Officers.

✦ Regional Provident Fund Office, Employment Exchange, Regional Apprenticeship Advisor.

✦ Indian Council of Agricultural Research, New Delhi.

✦ Anand Agricultural University, Anand

✦ Anand Municipality

✦ Central Bank of India, Bank of Baroda, Dena Bank, and HDFC Bank

We acknowledge with gratitude the support and co-operation extended by the Faculty of Dairy Science, Anand Agricultural University, Anand. We acknowledge and thank all staff members who have continued to provide efficient and effective service to Vidya Dairy to strengthen external training programmes for the dairy industry. Without their expertise and efforts, Vidya Dairy would not have been able to attain its goals for the fiscal year 2012-13. Together, we will take this company to new heights in 2013-2014 fiscal years. We take this opportunity to thank our Milk distributors, Contractors, Consultants

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and Suppliers for their commendable and timely service and support.

We are also grateful to:

✦ All District Milk Unions of Gujarat.

✦ Institute of Rural Management, Anand (IRMA).

✦ Indian Dairy Machinery Company Ltd., (IDMC).

✦ National Co-operative Dairy Federation India (NCDFI).

✦ Chr-Hansen, Danisco, Lucid Colloids, Cryovac (Sealed Air) & Ecolab, Larson & Toubro Ltd., Det Norske Veritas (DNV), Cipriani Harrison Ltd. for conducting technical sessions for the student trainees and external training programmes.

✦ All the organizations who have sponsored the

participants in the extrnal training programmes.

✦ Guest Speakers as well as Guest Faculty of

Training Programmes for extending their help.

✦ Last but not the least, we would like to place on

record the support received by Vidya Dairy from

its Board of Directors, Staff and Trainee students.

For and on behalf of the Board

B P Shah

Chairman

Vidya Dairy

Date : 5th July, 2013

Place : Anand

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Sweet Memories of His Last Birthday

at Vidya Dairy (November 2011)Dr. V. Kurien1921 – 2012

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Annual Financial Statements

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Independent Auditors’ ReportTo The Members of Vidya Dairy Report on the Financial StatementsWe have audited the accompanying financial statements of Vidya Dairy (“the Company”), which comprise the Balance Sheet as at March 31, 2013, and the Statement of Income and Expenditure and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 (“the Act”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal controls relevant to the Company’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

(a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2013; (b) In the case of Statement of Income and Expenditure, of the surplus for the year ended on that date; and (c) In the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements 1. Since the Company is licensed to operate under section 25 of the Companies Act, 1956, the matters as required by the Companies (Auditor’s

Report) Order, 2003 (“the Order”) issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act, 1956 are not applicable.

2. As required by section 227(3) of the Act, we report that: a. We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose

of our audit; b. In our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination

of those books; c. The Balance Sheet, Statement of Income and Expenditure and Cash Flow Statement dealt with by this Report are in agreement with

the books of account; d. In our opinion, the Balance Sheet, Statement of Income and Expenditure and Cash Flow Statement comply with the Accounting

Standards referred to in subsection (3C) of section 211 of the Companies Act, 1956 subject to; i. Without qualifying our opinion, we draw attention to Note No 26 on Prior Period depreciation on Grant, wherein the company has

reviewed the treatment of depreciation on assets acquired through Capital Grants and observed that there was some mathematical error in adjusting the amount of depreciation of earlier year with the amount of respective Capital Grant As a result, depreciation on capital assets of prior year, has been debited to respective Capital Grant by crediting the same to prior period items - Prior Period depreciation on grant. Due to such treatment, surplus for the year has been increased by ` 7,65,297/-, with corresponding decrease in respective Capital Grants balance.

e. On the basis of written representations received from the directors as on March 31, 2013, and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2013, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

f. Since the Central Government has not issued any notification as to the rate at which the cess is to be paid under section 441A of the Companies Act, 1956 nor has it issued any Rules under the said section, prescribing the manner in which such cess is to be paid, no cess is due and payable by the Company.

For TALATI & TALATI Chartered Accountants (Firm Reg. No: 110758W)

(Rajesh Somani) Place : Ahmedabad PartnerDate : 5th July, 2013 (Membership No. 128642)

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VIDYA DAIRY(A COMPANY REGISTERED UNDER SECTION 25 OF THE COMPANIES ACT, 1956)

AAU CAMPUS, ANAND

Balance Sheet as at 31st March, 2013

As per our separate Report of even date. For, Vidya DairyFor, Talati & Talati V J PARMAR D R SHAH B P SHAHChartered Accountants Manager (F&A) Managing Director Chairman(Firm Reg. No. : 110758W)

Rajesh Somani R S SODHI S R CHAuDHARI RAHuLKuMAR SRIVASATAVAPartner Director Director Director(Membership No. 128642)

Place : Ahmedabad Place : AnandDate : 5th July, 2013 Date : 5th July, 2013

Amount `

Particulars Note As at 31st Mar 2013

As at 31st Mar 2012

I. FuNDS AND LIABILITIES (1) Funds (a) Reserves and surplus 2 12,56,68,884 10,06,35,674

12,56,68,884 10,06,35,674

(2) Non - Current Liabilities (a) Long-term provisions 3 17,33,012 13,53,973

17,33,012 13,53,973 (3) Current Liabilities (a) Short-term borrowings 4 43,41,572 80,43,119 (b) Trade payables 5 2,51,14,508 1,36,35,844 (c) Other current liabilities 6 1,39,10,892 1,11,37,472 (d) Short-term provisions 7 53,805 75,818

4,34,20,777 3,28,92,253

TOTAL 17,08,22,673 13,48,81,900

II. ASSETS (1) Non-Current Assets

(a) Fixed assets 8 (i) Tangible assets 9,81,62,163 7,58,54,420 (ii) Intangible assets – 14,864 (iii) Capital work-in-progress 23,27,377 51,27,654

10,04,89,540 8,09,96,938 (b) Long-term loans and advances 9 1,93,98,792 83,35,902

11,98,88,332 8,93,32,840 (2) Current Assets (a) Inventories 10 3,22,70,558 2,37,21,311 (b) Trade receivables 11 46,58,078 18,72,649 (c) Cash and bank balance 12 1,08,95,501 60,55,480 (d) Short-term loans and advances 13 21,60,892 1,35,44,998 (e) Other current assets 14 9,49,312 3,54,622

5,09,34,341 4,55,49,060

TOTAL 17,08,22,673 13,48,81,900 Summary of significant accounting policies 1 The accompanying notes are an integral part of the financial statements

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As per our separate Report of even date. For, Vidya DairyFor, Talati & Talati V J PARMAR D R SHAH B P SHAHChartered Accountants Manager (F&A) Managing Director Chairman(Firm Reg. No. : 110758W)

Rajesh Somani R S SODHI S R CHAuDHARI RAHuLKuMAR SRIVASATAVAPartner Director Director Director(Membership No. 128642)

Place : Ahmedabad Place : AnandDate : 5th July, 2013 Date : 5th July, 2013

VIDYA DAIRY(A COMPANY REGISTERED UNDER SECTION 25 OF THE COMPANIES ACT, 1956)

AAU CAMPUS, ANAND

Statement of Income And Expenditure for the year ended 31st March, 2013

Amount `

Particulars Note Year ended on 31st Mar 2013

Year ended on 31st Mar 2012

I. Income from operations (Gross) 15 1,38,26,85,411 1,24,36,88,432 Less : Excise duty 27,34,536 12,83,437 Income from operations (Net) 1,37,99,50,875 1,24,24,04,995

II. Other income 16 10,30,812 9,51,385

III. Total income (I + II) 1,38,09,81,687 1,24,33,56,380

IV. Expenditure: a. Cost of Raw materials consumed 17 1,12,66,74,677 1,03,20,67,299 b. Purchases of milk and milk products 8,80,61,239 5,95,34,690 c. Change in inventories of finished goods, stock in process

and stock in trade 18 (19,20,797) (7,40,497)

d. Manufacturing expenses 19 9,99,78,201 8,66,40,220 e. Employee benefits expenses 20 2,20,13,793 1,90,02,920 f. Finance charges 21 6,00,246 7,33,976 g. Depreciation and amortisation 8 78,92,707 76,38,466

Less : Adjusted against grant received 5,43,198 14,64,546 Net depreciation & amortisation 73,49,509 61,73,920

h. Other expenses 22 2,33,46,783 1,93,79,858

Total expenses 1,36,61,03,651 1,22,27,92,386

V. Surplus before tax (III-IV) 1,48,78,036 2,05,63,994

VI. Tax expense: Provision for taxation - -

VII. Prior period adjustment Prior period depreciation on Grant 26 7,65,297 -

VIII. Surplus for the year (V-VI+VII) 1,56,43,333 2,05,63,994 Summary of Significant Accounting Policies 1 The accompanying notes are an integral part of the Financial Statement.

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VIDYA DAIRY(A COMPANY REGISTERED UNDER SECTION 25 OF THE COMPANIES ACT, 1956)

AAU CAMPUS, ANAND

Cash flow statement for the year ended 31st March, 2013

Notes to the Cash flow Statement 1 All figures in brackets are outflow.

2 The above cashflow statement has been prepared under the “Indirect Method” as set out in the Accounting Standard - 3 on Cash Flow Statement issued by the Institute of Chartered Accountants of India.

3 The previous year’s figures have been regrouped wherever necessary.

As per our separate Report of even date. For, Vidya DairyFor, Talati & Talati V J PARMAR D R SHAH B P SHAHChartered Accountants Manager (F&A) Managing Director Chairman(Firm Reg. No. : 110758W)

Rajesh Somani R S SODHI S R CHAuDHARI RAHuLKuMAR SRIVASATAVAPartner Director Director Director(Membership No. 128642)

Place : Ahmedabad Place : AnandDate : 5th July, 2013 Date : 5th July, 2013

Amount `Particulars Year ended

31st March, 2013Year ended

31st March, 2012A Cash flows From Operating Activities :-

Surplus before tax 1,48,78,036 2,05,63,994 Adjustments for :- Depreciation and amortisation expenses 73,49,509 61,73,920 (Profit ) / Loss on sale of assets [ net ] 5,35,239 (1,29,977) (Interest income ) (6,83,575) (5,28,795) Interest expenses 4,44,518 4,69,477 Total 76,45,691 59,84,625 Operating profit before working capital changes 2,25,23,727 2,65,48,619 Adjustments for :- (Increase ) / Decrease in trade and other receivables 75,04,737 (2,56,130) (Increase ) / Decrease inventories (85,49,247) (10,15,805) Increase / ( Decrease ) in trade payables & other liabilities 1,46,09,110 (42,44,098) Total 1,35,64,600 (55,16,033)Cash generated from operations 3,60,88,327 2,10,32,586 (Direct taxes paid ) [ Net of refunds ] (1,45,505) (1,89,027) Total (1,45,505) (1,89,027)Net cash from operating activities 3,59,42,822 2,08,43,559

B Cash flows From Investing Activities :-Interest received 6,83,575 5,28,795 Purchase of fixed assets (2,80,33,379) (2,37,10,496)Capital advances (1,04,18,135) (17,32,458)Proceeds from sale of fixed assets 1,07,203 1,52,935 Net cash from investing activities (3,76,60,736) (2,47,61,224)

C Cash flows From Financing Activities :-Grant received 1,07,04,000 - Increase / ( Decrease ) in short term borrowings (37,01,547) 32,49,287 Interest paid (4,44,518) (4,69,477)Net cash used in financing activities 65,57,935 27,79,810

Net Increase / (Decrease) in cash and bank balances 48,40,021 (11,37,855)

Cash and bank balances at the beginning of the yearCash and Bank Balance 60,55,480 71,93,335

60,55,480 71,93,335 Cash and bank balances at the end of the year

Cash and Bank Balance 1,08,95,501 60,55,480 1,08,95,501 60,55,480

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1. SIGNIFICANT ACCOuNTING POLICIES

A BASIS OF ACCOUNTING AND PREPARATION OF FINANCIAL STATEMENTS

The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India, to comply with the applicable mandatory Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956. The accounting policies adopted in the preparation of financial statements are consistent with those followed in the previous year, except wherever specified.

B USE OF ESTIMATES

The preparation of financial statements in conformity with generally accepted accounting principles requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

C FIXED ASSETS

Fixed assets are stated at cost (net of recoverable taxes) less accumulated depreciation and accumulated impairment losses, if any.

Computer software costs are capitalized and recognized as intangible assets in terms of Accounting Standards - 26 on intangible assets based on accounting prudence and significant economic benefits expected to flow there from for a period longer than one year. Capitalized cost includes direct cost of implementation and expenses directly attributable to the implementation.

The carrying amounts of Fixed Assets are reviewed at each Balance Sheet date to assess whether they are recorded in excess of their recoverable amount which represents the greater of the net selling price of assets and their ‘value in use’ determined with reference to the estimated future cash flows from the respective assets, discounted to their present value at the weighted average cost of capital.

D DEPRECIATION AND AMORTIZATION

Depreciation has been provided on the straight-line method at the rates and in the manner specified in Schedule XIV of the Companies Act, 1956. Depreciation on grant portion of the assets is adjusted to the grant account.

Computer Softwares are amortized over a period of 3 years as estimated by the management.

Fixed assets costing ` 5,000/- or less are fully depreciated in the year of purchase.

E PRIOR PERIOD AND EXTRA – ORDINARY ITEMS

Prior period and extraordinary items are accounted in accordance with Accounting Standard - 5. Transactions arising out of errors or omissions which are considered as material are accounted under prior period transactions.

F INVENTORIES

Inventories are valued at lower of cost or net realizable value. The basis of determining cost for various categories of inventories is as follows:

1. Raw materials – on moving average cost

2. Stock-in-process – at absorption cost

3. Finished goods – at absorption cost

4. Stock in trade – on moving average cost

5. Stores and spares – on moving average cost

G REVENUE RECOGNITION

Revenue from sale of goods is recognized on transfer of significant risks and rewards of ownership in the goods to the buyer which is generally at the time of dispatch to the customer. Sales are recorded net of returns (if any), trade discounts, rebates, other pricing discounts to trade/consumer and value added tax/sales tax.

Interest Income is recognized on a time proportion basis.

Revenue from educational services is recognized over the period of the course programme.

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2013

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H FOREIGN CURRENCY TRANSACTIONS

Foreign currency transactions are recorded in the reporting currency by applying to the foreign currency amount exchange rate between the reporting currency and the foreign currency at the date of the transactions.

Foreign currency monetary items are reported using closing rate. Non monetary items which are carried in terms of historical cost denominated in foreign currency are reported using the exchange rate at the date of transaction.

Exchange difference arising on the settlement of monetary items or/on reporting a company’s monetary items at rates different from those at which they were initially recorded during the year or reported in previous financial statements are recognized as income or an expense in which they arise.

I GRANTS

Grants are recognized when there is reasonable assurance that the grant will be received and all attaching conditions will be complied with. In case of capital grant related to depreciable assets, the cost of the asset is shown at gross value and the grant thereon is treated as capital grant which is disclosed under the head ‘Reserves and Surplus’. Amount equivalent to depreciation provided on such assets is transferred from such Reserves to Income and Expenditure Account at the year end.

J RETIREMENT BENEFITS

i) Short Term: Short Term employee benefits are recognized as an expense at the undiscounted amount expected to be paid over

the period of services rendered by the employees to the company.

ii) Long Term: The Company has both defined contribution and defined benefit plans, of which some have assets in approved funds.

These plans are financed by the Company in the case of defined contribution plans.

iii) Defined Contributions Plans: These are plans in which the Company pays pre-defined amount to separate funds and does not have any legal

or informal obligation to pay additional sums. These comprise of contributions to Employees Provident Fund and Superannuation Fund. The Company’s payments to the defined contribution plans are reported as expenses during the period in which the employee performs the services that the payment covers.

iv) Defined Benefit Plans: Expenses for defined benefit gratuity plans are calculated as at the balance sheet date by independent actuary in

the manner that distributes expenses over the employees working life. These commitments are valued at the present value of the expected future payments, with consideration for calculated future salary increases, using a discounted rate corresponding to the interest rate estimated by the actuary having regard to the interest rate on Government Bonds with a remaining term i.e. almost equivalent to the average balance working period of employees.

v) Other Employee Benefit: Compensated absences which accrue to employees and which can be carried to future periods but are expected

to be encashed or availed in twelve months immediately following the year end are reported as expenses during the year in which the employees perform the services that the benefit covers and the liabilities are reported at the undiscounted amount of the benefits after deducting amounts already paid.

K BORROWING COST

Borrowing costs are recognized in the period to which they relate, regardless of how the funds have been utilized, except where it relates to the financing of construction or development of assets requiring a substantial period of time to prepare for their intended future use. Interest on borrowings if any is capitalized up to the date when the asset is ready for intended use. The amount of interest capitalized for the period is determined by applying the interest rate applicable to appropriate borrowings.

L PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

A provision is recognized when the Company has a present legal or constructive obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding long term benefits) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognized but are disclosed in the notes to Financial Statements. A contingent asset is neither recognized nor disclosed.

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2. RESERVES AND SuRPLuS Amount `

As at31st March, 2013

As at31st March, 2012

(a) Grants for Capital Assets

(I) From National Dairy Development Board (NDDB)

Opening balance 69,43,701 83,56,481

Less : Adjusted towards depreciation of prior years (Refer note : 26) (7,65,297) –

Less : Adjusted against depreciation for the year (4,91,751) (14,12,780)

56,86,653 69,43,701

(II) From Agriculture and Processed Food Products Export Development Authority (APEDA)

Opening balance 2,13,258 2,50,183

Less : Adjusted towards assets sold /written off during the year (5,628) –

Less : Adjusted against depreciation for the year (36,607) (36,925)

1,71,023 2,13,258

(III) From Sardar Patel Renewable Energy Research Institute (SPRERI)

Opening balance 1,30,068 1,44,908

Less : Adjusted against depreciation for the year (14,840) (14,840)

1,15,228 1,30,068

(IV) From National Bank for Agriculture and Rural Development (NABARD)

Opening balance – –

Add : Received during the year 7,04,000 -

7,04,000 -

Less : Adjusted against depreciation for the year - -

7,04,000 -

(V) From Rastriya Krishi Vikas Yojana (RKVY)

Opening balance - -

Add : Received during the year 1,00,00,000 -

1,00,00,000 -

Less : Adjusted against depreciation for the year - -

1,00,00,000 -

(b) Surplus in Statement of Income and Expenditure

Opening balance 9,33,48,647 7,27,84,653

Add : Surplus for the year 1,56,43,333 2,05,63,994

Net surplus in statement of income and expenditure 10,89,91,980 9,33,48,647

TOTAL 12,56,68,884 10,06,35,674

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3. LONG-TERM PROVISIONS Amount `

As at31st March, 2013

As at31st March, 2012

Provision for employee benefits Leave encashment 17,33,012 13,53,973

TOTAL 17,33,012 13,53,973

4. SHORT-TERM BORROWINGS Amount `

As at31st March, 2013

As at31st March, 2012

Cash credit from a bank (secured) 43,41,572 80,43,119

TOTAL 43,41,572 80,43,119 Nature of security: The above cash credit from HDFC Bank Ltd is secured by first pari passu charge against hypothecation of all stock and book debts, both present and future.

5. TRADE PAYABLES Amount `

As at31st March, 2013

As at31st March, 2012

Sundry Creditors : a) Micro and small enterprises (Refer note : 25) 14,88,402 4,29,947

b) Others 2,36,26,106 1,32,05,897

TOTAL 2,51,14,508 1,36,35,844

6. OTHER CuRRENT LIABILITIES Amount `

As at31st March, 2013

As at31st March, 2012

(a) Advance from customers 4,12,742 7,53,482

(b) Security and tender deposits 84,14,988 72,03,276

(c) Other liabilities 50,83,162 31,80,714

TOTAL 1,39,10,892 1,11,37,472

7. SHORT-TERM PROVISIONS Amount `

As at31st March, 2013

As at31st March, 2012

Provision for leave encashment 53,805 75,818

TOTAL 53,805 75,818

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8 F

IXED

ASS

ETS

Am

ount

`

PA

RTIC

uLAR

S

GROS

S BL

OCK

(AT

COST

)DE

PREC

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MORT

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As A

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Addi

tions

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ring

the

year

Adju

stm

ents

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As A

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-Mar

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As A

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-201

3As

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As A

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-201

2

TANG

IBLE

ASS

ETS

Build

ings

5,4

0,79

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5

1,76

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-

5,9

2,56

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2

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75,5

38

16,

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3,4

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1,53

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35,5

6,81

8 1

4,88

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14

,22,

21,6

79

8,7

3,58

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4

2,73

,281

1

0,11

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9

,06,

20,1

70

5,1

6,01

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3

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94,7

67

Inte

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37,

55,8

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1,7

5,82

4 7

7,98

2 3

8,53

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3

3,21

,510

1

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219

77,

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33,

67,7

47

4,8

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9 4

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304

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iture

and

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ures

39,

77,7

90

2,5

9,47

5 2

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4

2,35

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3

0,12

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1

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439

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5,06

6

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ts 1

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67,6

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72,9

89

38,

227

1,7

5,02

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6

7,02

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1

1,91

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3

3,93

6 7

8,59

,695

9

6,42

,702

9

5,65

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Vehi

cles

1

2,61

,731

2

5,79

3 3

,13,

689

9,7

3,83

5 4

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236

1,1

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0 1

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705

4,3

8,80

1 5

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034

7,9

0,49

5

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,144

3,04,6

7,102

19

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6 22

,80,42

,760

12,36

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4 75

,11,28

9 12

,72,41

6 12

,98,80

,597

9,81

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3 7,5

8,54,4

20

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are

15,

73,8

36

3,6

6,55

4 -

19,

40,3

90

15,

58,9

72

3,8

1,41

8 -

19,

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- 1

4,86

4

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L 15

,73,83

6 3,

66,55

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19,40

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15,58

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3,81

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4

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23,27

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0 3,0

8,33,6

56

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22,99

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0 12

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,696

78,92

,707

12,72

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7 10

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8,09,9

6,938

PREV

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R :

18,32

,19,52

5 1,8

7,08,1

89

8,57

,734

20,10

,69,98

0 11

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,007

76,38

,466

8,34

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12,52

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6 8,

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.

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9. LONG TERM LOANS & ADVANCES Amount `

As at31st March, 2013

As at31st March, 2012

Secured, Considered Good (a) Advances given for capital goods 1,40,00,000 5,06,155

1,40,00,000 5,06,155

unsecured, Considered Good (a) Advances given for capital goods 52,418 31,28,128

(b) Advance tax and tax deducted at source 30,08,661 28,63,156

(c) Electricity and other security deposits 23,37,713 18,38,463

53,98,792 78,29,747

TOTAL 1,93,98,792 83,35,902

10. INVENTORIES Amount `

As at31st March, 2013

As at31st March, 2012

(a) Raw materials 59,88,442 46,20,553

(b) Raw material in transit 1,35,660 -

(c) Stock in process 35,92,856 14,44,067

(d) Finished goods 94,45,918 1,00,40,202

(e) Stock in trade 5,72,819 2,06,527

(f) Stores and spares 1,18,24,335 68,86,916

(g) Stores and spares in transit 7,10,528 5,23,046

TOTAL 3,22,70,558 2,37,21,311

11. TRADE RECEIVABLES Amount `

As at31st March, 2013

As at31st March, 2012

(a) Trade receivables outstanding for a period more than six months from the date they became due (i) Secured, considered good 40,369 40,369

(ii) Unsecured, considered good 25,973 1,00,156

(iii) Unsecured, considered doubtful 1,80,208 1,80,208

2,46,550 3,20,733

Less : Provision for doubtful debts 1,80,208 1,80,208

66,342 1,40,525 (b) Others

(i) Secured, considered good 18,28,512 11,49,679

(ii) Unsecured, considered good 27,63,224 5,82,445

45,91,736 17,32,124

TOTAL 46,58,078 18,72,649

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12. CASH AND BANK BALANCES Amount `As at

31st March, 2013As at

31st March, 2012 (a) Cash and cash equivalent:

Balance with bank 62,48,934 43,83,361 Cash on hand 3,44,732 4,98,659 Cheques on hand 29,72,647 -

(b) Other bank balance Term deposit with maturity of more than 12 months 13,29,188 11,73,460

TOTAL 1,08,95,501 60,55,480

13. SHORT-TERM LOANS AND ADVANCES Amount `As at

31st March, 2013As at

31st March, 2012 Loans and advances to others unsecured, considered good

(a) Advances to suppliers 13,30,673 1,22,40,870 (b) Other advances recoverable in cash or in kind or for value to be received 1,21,433 8,14,089 (c) Prepaid expenses 5,93,760 4,62,036 (d) Employee advances 17,686 23,486 (e) Deposits with central excise 97,340 4,517

TOTAL 21,60,892 1,35,44,998

14. OTHER CuRRENT ASSETS Amount `As at

31st March, 2013As at

31st March, 2012 (a) Interest receivable 2,39,739 2,14,880 (b) Employees’ benefit scheme (gratuity) 7,09,573 1,39,742

TOTAL 9,49,312 3,54,622

15. INCOME FROM OPERATIONS Amount `Year ended on

31st March, 2013Year ended on

31st March, 2012 (a) Sale of products (Gross) 1,37,77,70,027 1,24,08,01,609 (b) Training fees 26,79,124 21,43,862 (c) Other operating income

- Scrap sales 14,16,203 7,42,961 - Conversion charges 8,20,057 -

TOTAL 1,38,26,85,411 1,24,36,88,432

16. OTHER INCOME Amount `Year ended on

31st March, 2013Year ended on

31st March, 2012 (a) Interest received from banks 4,87,567 4,21,014 (b) Interest received from others 1,96,008 1,07,781 (c) Miscellaneous income 3,28,712 1,89,587 (d) Net gain on exchange rate fluctuations 18,525 1,03,026 (e) Profit on sale of fixed assets - 1,29,977

TOTAL 10,30,812 9,51,385

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17. COST OF RAW MATERIALS CONSuMED Amount `

Year ended on31st March, 2013

Year ended on31st March, 2012

Raw Materials Consumed 1,12,66,74,677 1,03,20,67,299

a. Raw materials consumed in broad heads :

Raw chilled milk 1,08,42,34,743 99,73,03,817

Skimmed milk powder 2,14,71,456 1,19,73,703

Sugar 50,00,072 35,39,143

Cake 20,98,708 20,44,674

Kaju 95,78,280 1,23,14,877

Others 42,91,418 48,91,085

TOTAL 1,12,66,74,677 1,03,20,67,299

b. Value of indigenous and imported raw materials consumed during the year :

Imported Value - -

Percentage - -

Indigenous Value 1,12,66,74,677 1,03,20,67,299

Percentage 100.00% 100.00%

18. CHANGE IN INVENTORIES OF FINISHED GOODS, STOCK IN PROCESS AND STOCK IN TRADE Amount `

Year ended on31st March, 2013

Year ended on31st March, 2012

(a) Closing stock

Finished goods 94,45,918 1,00,40,202

Stock in process 35,92,856 14,44,067

Stock in trade 5,72,819 2,06,527

1,36,11,593 1,16,90,796

(b) Less : Opening stock

Finished goods 1,00,40,202 96,06,536

Stock in process 14,44,067 12,38,223

Stock in trade 2,06,527 1,05,540

1,16,90,796 1,09,50,299

TOTAL (19,20,797) (7,40,497)

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19. MANuFACTuRING EXPENSES Amount `

Year ended on31st March, 2013

Year ended on31st March, 2012

(a) Packing materials consumed 4,40,18,712 3,76,67,859

(b) Stores and spares consumed 1,09,89,203 22,06,405

(c) Power and fuel 2,49,60,878 2,41,78,836

(d) Labour charges 1,26,15,152 1,06,93,707

(e) Repairs to

- Plant and equipments 28,17,550 71,62,453

- Building 36,72,219 20,17,564

- Others 7,34,938 22,38,425

(f) Laboratory expenses 1,00,357 3,53,122

(g) Effluent treatment expenses 41,406 1,04,681

(h) Excise duty (Difference between excise duty on opening and closing stock of finished goods)

27,786 17,168

TOTAL 9,99,78,201 8,66,40,220

a. Value of indigenous and imported stores,tools and spares consumed during the year :

Imported Value - -

Percentage

Indigenous Value 1,09,89,203 22,06,405

Percentage 100.00% 100.00%

20. EMPLOYEE BENEFITS EXPENSE Amount `

Year ended on31st March, 2013

Year ended on31st March, 2012

(a) Salaries, wages and exgratia 1,92,61,708 1,62,46,692

(b) Contribution to provident and other funds 15,75,449 14,47,690

(c) Gratuity 3,25,484 3,82,949

(d) Employee welfare expenses 8,51,152 9,25,589

TOTAL 2,20,13,793 1,90,02,920

21. FINANCE CHARGES Amount `

Year ended on31st March, 2013

Year ended on31st March, 2012

(a) Interest expenses 4,44,518 4,69,477

(b) Bank charges 1,55,728 2,64,499

TOTAL 6,00,246 7,33,976

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22. OTHER EXPENSES Amount `

Year ended on31st March, 2013

Year ended on31st March, 2012

(a) Expenditure on students 23,87,906 24,48,240 (b) Sales and distribution expenses 1,04,07,267 79,74,477 (c) Telephone, Postage, Printing and stationery 10,82,511 10,09,317 (d) Insurance 9,44,881 7,61,017 (e) Rent 6,11,410 5,30,820 (f) Rates and taxes 5,527 21,650 (g) Travelling expenses and conveyance 2,79,359 3,13,096 (h) Legal and professional charges 3,47,545 1,92,889 (i) Audit fees (Refer note : 31) 1,01,124 3,85,031 (j) Vehicle running expenses 4,64,384 4,00,237 (k) Training expenses 9,15,591 2,94,980 (l) Loss on sale of fixed assets (net) 5,35,239 –

(m) Gardening expenses 10,96,455 10,80,692 (n) Security expenses 22,18,509 14,84,390 (o) General charges 19,49,075 24,83,022

TOTAL 2,33,46,783 1,93,79,858

23. The project Vidya Dairy is set up as per the Memorandum of Understanding dated 30th August 1990 between Gujarat Agricultural University and National Dairy Development Board as a Model Dairy Plant suitable for scale up of products and processes developed. The main object of this Dairy is to train the B-Tech students from Dairy Science College, Anand. As per one of the terms of the Memorandum of Understanding between Gujarat Agricultural University and National Dairy Development Board, financial assistance by way of 70% Loan and 30% Grant was provided by National Dairy Development Board to Vidya Dairy. Loan was repaid in the year 2004-05.

Vidya Dairy has been accorded the status of section 25 Company by letter reference No. RD 25 (25) N/11/97/2390 dt. 15/05/1998 from the Government of India, Ministry of Finance, Department of Company Affairs, Western Region. The Registrar of Companies – Gujarat Dadra & Nagar Haveli has issued the Certificate of Incorporation to the Vidya Dairy as a Limited Company on 10th June 1998. The Registration No. of the Company is 04-34249 of 1998-99.

The Company is granted registration u/s. 12AA of the Income Tax Act 1961, vide order no. BRD/AA-II(MU)/12A/(110)/(100-V)/2007-08/310 dated 14/07/08 by the Commissioner of the Income Tax – II, Vadodara from the financial year 2007-08.

24. Contingent Liabilities and commitments: (a) Contingent Liabilities not provided in respect of: i) Claims against the dairy lodged by workers of the contractors and Government Authorities not acknowledged as

debts (amount unascertainable).

(b) Commitments : i) Estimated amount of contracts remaining to be executed on Capital Account and not provided for (net of advance)

` 3,79,23,122/- (P.Y. ` 1,23,85,704/-).

25. The information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 and provided in Schedule – C (1) has been given in respect of only those suppliers who have intimated the company that they are registered as micro and small enterprises. As delayed payment, if any, have not been determined, no interest has been paid or accrued in the books. Considering the volume and payment cycle such amount is not considered to be significant.

26. During the year, the company has reviewed the treatment of depreciation on assets acquired through Capital Grants and observed that there was some mathematical error in adjusting the amount of depreciation of earlier year with the amount of respective Capital Grant As a result, depreciation on capital assets of prior year, has been debited to respective Capital Grant by crediting the same to prior period items – Prior Period depreciation on grant. Due to such treatment, surplus for the year has been increased by ` 7,65,297/-, with corresponding decrease in respective Capital Grants balance.

27. The Company is registered u/s. 12AA of the Income Tax Act, 1961 from the financial year 2007-08 and its income is exempt u/s. 11 of the Income Tax Act, hence no provision for Income Tax is required to be made in the books.

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28. Employee Benefits: Disclosures as required by AS 15 (revised 2005) “Employee Benefit” is as under. Defined Benefit Plans

Amount `

31st March, 2013 31st March, 2012 Gratuity Leave

EncashmentGratuity Leave

Encashment(i) Expenses recognized in

Statement of income and expenditure

Current service cost 2,40,706 2,28,534 2,05,545 1,94,898

Interest cost 1,58,514 1,17,635 1,40,959 1,03,524

Expected return on plan assets (2,44,180) --- (1,15,860) ---

Net actuarial loss 1,70,444 2,94,179 1,52,305 1,51,196

Total expenses 3,25,484 6,40,348 3,82,949 4,49,618

(ii) Reconciliation of opening and closing balances of changes in present value of the defined benefit obligation.

Opening defined benefit obligation 19,26,660 14,29,791 16,10,959 11,83,137

Service cost 2,40,706 2,28,534 2,05,545 1,94,898

Interest cost 1,58,514 1,17,635 1,40,959 1,03,524

Actuarial loss 1,70,444 2,94,179 1,52,305 1,51,196

Loss (gain) on curtailments --- --- --- ---

Liabilities extinguished on settlements --- --- --- ---

Less :Benefits paid 92,706 2,83,322 1,83,108 2,02,964

Closing defined benefits obligation 24,03,618 17,86,817 19,26,660 14,29,791

(iii) Reconciliation of opening and closing balances of charges in fair value of plan assets

Opening fair value of plans assets 20,66,402 --- --- ---

Expected return on plan assets 2,44,180 --- 1,15,860 ---

Actuarial gain and (loss) --- --- --- ---

Assets distributed on settlements --- --- --- ---

Contribution by employer 8,95,315 --- 20,36,828 ---

Benefits paid (92,706) --- (86,286) ---

Closing balance of fair value of plan assets 31,13,191 --- 20,66,402 ---

(iv) Net liability/(Asset) recognized in the balance sheet

Defined benefit obligation 24,03,618 17,86,817 19,26,660 14,29,791

Fair value of plan assets 31,13,191 --- 20,66,402 ---

Present value of unfunded obligation recognized as liability / (asset)

(7,09,573) 17,86,817 (1,39,742) 14,29,791

(v) Actuarial Assumption 2012-13 2011-12Discount rate 8.25% 8.75%

Expected rate of return on plan assets 9.43% 9.00%

Expected rate of salary increase 5.00% 5.00%

Mortality LIC (1994-96) published table of rates

LIC (1994-96) published table of rates

Withdrawal rates 3% at younger age reducing to 1% at older age

3% at younger age reducing to 1% at older age

Retirement age 58 years 58 years

Actuarial valuation method Projected Unit Credit Method Projected Unit Credit Method

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(vi) Past five years data for defined benefit obligation and fair value of plan assets are as under :

Particulars 2011-12 2010-11 2009-10 2008-09 2007-08

Present value of defined benefit obligation at the end of the year (independent actuary)

19,26,660 16,10,959 12,25,795 10,75,057 8,00,252

Fair value of plan assets at the end of the year 20,66,402 - - - -

Net liabilities at the end of the year (1,39,742) 16,10,959 12,25,795 10,75,057 8,00,252Defined contribution plans:

` 15,75,449/- (previous year ` 14,47,690/-) being contribution towards provident fund and superannuation fund is recognized as an expenses in statement of income and expenditure (refer note no. 20).

29. Segment Reporting The Company is engaged primarily in manufacture and sale of Milk and Milk products which are not subject to different

risk and reward. In terms of AS -17 on “Segment Reporting” the company neither has more than one business segment nor more than one geographical segment requiring separate disclosure as there is no more distinguishable component or economic environment of an enterprise engaged in providing individual product or service or a group of related products or service and the same is not subjected to different risks and returns either of business or geographical segments.

30. Related Party Disclosure Related Party Disclosures as required by Accounting Standard (AS) 18 are given below:

A) Name of the related parties and nature of relationships:

(i) Enterprises which have significant influence over the Vidya Dairy (a) G.C.M.M.F. Ltd, Anand. (b) Kaira D.C.M.P.U.Ltd, Anand.

(ii) Enterprise where the Key Managerial Personnel have a significant influence: (a) SMC College of Dairy Science

(iii) Key Managerial Personnel: (a) Dr. B P Shah - Chairman (b) Mr. D R Shah - Managing Director

B) Nature of transactions: Amount `

Particulars

Enterprises which have significant influence over the

Vidya Dairy

Enterprise where the Key Managerial Personnel

have a significant influence

Key Managerial Personnel

Transaction Value

Payable as on

31/03/2013

Transaction Value

Receivable as on

31/03/2013

Transaction Value

Outstanding as on

31/03/20131) Purchases of Materials / Finished goods

G.C.M.M.F.Ltd., Anand1,12,71,62,754 18,92,575 - - - -1,05,89,68,161 86,18,137 - - - -

Kaira.D.C.M.P.U.Ltd., Anand8,59,21,698 53,34,353 - - - -5,22,37,509 29,01,028 - - - -

2) Sales of Materials / Finished goods

G.C.M.M.F.Ltd, Anand22,24,40,554 - - - - -24,79,83,347 - - - - -

Kaira.D.C.M.P.U.Ltd, Anand2,24,21,272 - - - - -4,13,94,084 - - - - -

S.M.C.College of Dairy Science, Anand

- - 6,84,576 98,042 - -- - 5,51,489 1,12,318 - -

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3) Services Provided

G.C.M.M.F.Ltd, Anand5,23,800 - - - - -5,23,900 - - - - -

Kaira.D.C.M.P.U.Ltd, Anand2,37,927 - - - - -2,76,736 - - - - -

4) Services Received

Kaira.D.C.M.P.U.Ltd, Anand5,44,600 - - - - -4,80,827 - - - - -

5) Remuneration paid to MD

Mr. D.R. Shah- - - - 13,90,234 -- - - - 11,45,959 -

Previous year’s figures are shown in (Bold)

31. Auditors Fees and expenses include Remuneration. Amount `

Particulars Year ended on 31st Mar 2013

Year ended on 31st Mar 2012

As Auditors- Statutory Audit 1,01,124/- 1,01,124/-

For Tax Audit - 22,060/-

For Taxation matters - 2,48,175/-

For other services - 13,483/-

For reimbursement of expenses - 189/-

32. C.I.F. value of imports.Amount `

Particulars Year ended on 31st Mar 2013

Year ended on 31st Mar 2012

Spares - -

Capital Goods 18,90,975/ - 49,04,900/-

33. Expenditure in foreign currency NIL NIL

34. Earnings in foreign currency (FOB value) NIL NIL

35. Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current year’s classification / disclosure.

As per our separate Report of even date. For, Vidya Dairy

For, Talati & Talati V J PARMAR D R SHAH B P SHAHChartered Accountants Manager (F&A) Managing Director Chairman

(Firm Reg. No. : 110758W)

Rajesh Somani R S SODHI S R CHAuDHARI RAHuLKuMAR SRIVASATAVAPartner Director Director Director

(Membership No. 128642)

Place : Ahmedabad Place : Anand

Date : 5th July, 2013 Date : 5th July, 2013

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List of the Participants who attended the Training Programme on “Dairy Technology for Non-Dairy Technologists”

ID.NO Name ORGANIZATION

1607 Jayeshbhai RajubhaiUbbel Sarvottam Dairy1608 Bharatbhai Nindabhai Patel Valsad Dairy1609 Baral Ghanshyambhai Manubhai Sarvottam Dairy1610 Panot Sharadkumar Dalsukhbhai Sarvottam Dairy1611 Patel Vasudev Purushottamdas Sabar Dairy1612 Patel Hirenkumar R Vidya Dairy1613 Patel Hirenkumar R Sabar Dairy1614 Karnavat Bhaveshkumar Becharbhai Banas Dairy1615 Pinak R. Kharon Banas Dairy1616 Parmar Arvindbhai Sanabhai Vidya Dairy1617 Kishore M. Gohel Vidya Dairy1618 Gohel Yogeshbhai Chimanbhai Vidya Dairy1619 Babubhai Chotubhai Patel Valsad Dairy1620 Hemant Narayan Patil Goma Engg Pvt. Ltd.1621 Jagdishkumar P. Chaudhari Dudhmansagar Dairy1622 Mistry Jaykant K. KDCMPUL1623 Sumit R. Patel KDCMPUL1624 Chaudhari Jeevrambhai K Dudhmansagar Dairy1625 Patel Jatinkumar Nareshbhai Vidya Dairy1626 Patel Manish Haribhai Sabar Dairy1627 Patel Vijaykumar Ramanbhai Sabar Dairy1628 Judal Sailesh Valjibhai Banas Dairy1629 Jeevan Kumar L.P Hassan Co-operative1630 Prashanth H.S Hassan Co-operative1631 Abhishek Dhyan Das Vaishnava Mambasha Industrial1632 Kulkarni Amit Prabhakar Inoxpa India Pvt. Ltd1633 Balwinder Singh Sidhu Punjab State Co-op. 1634 Prakash M. Joshi Vasudhara Dairy1635 Mandip Singh Talwar GCMMFL1636 Subashis Kundu GCMMFL1637 Susanta Kumar Mishra GCMMFL1638 Mayank R. Bhute GCMMFL1639 Sambhaji R. Jamdade GCMMFL1640 K. Vijayakumar GCMMFL1641 Vipin Jain GCMMFL1642 Kuntal Sharma GCMMFL1643 Chokshi Sandipkumar GCMMFL1644 Sachin M. Deshmukh GCMMFL1645 Ashwin Nandlal Ganatra GCMMFL1646 R.Viswanathan GCMMFL1647 Sunny Bharatkumar Patel GCMMFL1648 Muralidhar R. Giribhattanavar GCMMFL1649 Nitin Laxmikant Moghe GCMMFL1650 Pathan Mohmmad Rafik Bugdadkhan Vidya Dairy1651 Asfaquemiya Y. Malek Private Dairy Farm1652 Vikas Pawankumar Bansal B-904, Green Avenue1653 Saju Thankachan KDCMPUL1654 Babu B N Hassan Dairy1655 M M Kanthraj Hassan Dairy1656 G P Nagaraju MANMUL1657 Sureshbhai Dohjibhai Chaudhari Banas Dairy1658 Chaudhary Sureshbhai Jitubhai Banas Dairy,1659 Kalpesh Narsinha Patel Banas Dairy,

ID.NO Name ORGANIZATION

1660 Virender Pal Mount Kailash Food1661 Avinash Chauhan Mount Kailash Food1662 Arun Viswanathan S.K. ABT Industries Ltd1663 Humeera Tazeen ABT Industries Ltd1664 Patel Sanjaykumar R. Sabar Dairy1665 Patel Sanjaykumar S. Sabar Dairy1666 Sagar Anandrao Patil Gokul Dairy1667 Nikunj D.Kapatel Vidya Dairy1668 Dipesh Raja Raja Dairy Products1669 Raja Rajendra Jayantilal Raja Dairy Products1670 Pandya Sharadbhai Nanjibhai Sarvottam Dairy1671 Macwan Kishorekumar Kanjibhai Sarvottam Dairy1672 Kuwadiya Kantibhai Ranabhai Sarvottam Dairy1673 Dabhi Sanjay Budhabhai Vi-Malanka1674 Patel Hardikkumar Rashiqbhai Sabar Dairy1675 Desai Ramjibhai Maljibhai Sabar Dairy1676 Varsani Hitesh Vitthalbhai Rajkot Dairy1677 Shankar H. Modi Dudhdhara Dairy1678 Dilipbhai K Bhaldhania Rajkot Dairy1679 Bariya Ashokumar Devjibhai Ghanshyam Dairy1680 Jitendra M. Chauhan Vidya Dairy1681 Vaghela Bhagubhai Shivabhai Vidya Dairy1682 Solanki Raisinhbhai Budhabhai Vidya Dairy1683 Himanshu Shrimali Indian Dairy1684 Kapatel Rashit Ashokbhai Indian Dairy1685 Vikramsinh Yadav Indian Dairy1687 H N Prakash Hassan Co-op. Milk1688 Chetan Balasaheb Nalawade Molacha1689 Kunal Rao SJM Polytechnic1690 Dhaval A. Panchal NDDB1691 Prakash A, Makwana NDDB1692 Ranjeet Kumar IDMC Ltd1693 Ketul K. Sheth IDMC Ltd1694 Dr. Vimal Madhukant Ramani Student Welfare1695 Mandar Mukund Pitke INOXPA INDIA PVT.1696 Nikhil Raja Raja Dairy Products1697 T N Radhakrishna Hassan Co-op. Milk1699 Suraj Sukumar Patil Raymonds1670 Satyendra Kumar Singh IDMC Ltd.1671 Deepank Verma IDMC Ltd.1672 Sachin Pathak IDMC Ltd.1673 Nikhil Bohra IDMC Ltd.1674 Vijay Gangji Gada Private Dairy1675 Sibi K. Oommen GS Associates1678 Pradip Layek NDDB1679 Sasi P B MRCMPU Ltd.1680 Sagar S. MRCMPU Ltd.1681 Raghavan K. K. MRCMPU Ltd.1685 Ajith J. John MRCMPU Ltd.1682 Devendra Singh Bisht Mother Dairy Fruit &1683 Pradeep Chauhan Mother Dairy Fruit &1684 Ashok Shankargoud Patil Karnataka Milk Fed.1686 Kapil Gupta Dabon International

Group photo of “Dairy Technology for Non-Dairy Technologists”

Group photo of “Management of Bulk Milk Cooling System”

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ID.NO Name ORGANIZATION

143 S.M.Shankar Dharwad Milk Union

144 Tata Ravisankar Sangam Dairy

145 Chidambar Kulkarni Dharwad Milk Union

146 Brijesh D. Desai NDDB

147 Patel Nileshkumar Ashokbhai Amul Dairy

148 Patel Dilipkumar S Baroda Dairy

149 Mohit Radadia Vidya Dairy

150 Viren Savaliya Vidya Dairy

151 Sonali Parekh Vidya Dairy

152 Patel Krunal M Vidya Dairy

153 Thacker Harsh M. Vidya Dairy

154 Bhut Chandresh Madhubhai Vidya Dairy

155 Chhasatiya Randipsinh Ranjitsinh Vidya Dairy

156 Raghuveer K. Gudi Dharwad Milk Union

ID.NO Name ORGANIZATION

157 Ramanath K. Patil Dharwad Milk Union

158 Kishor T Prajapati GCMMF Ltd., Anand

159 Vanaparthi Rajesh GCMMF Ltd., Anand

160 Jayant Rathore GCMMF Ltd., Anand

161 M.A.V.Satyanarayana GCMMF Ltd., Anand

162 Vinodkumar. C. Patel Dudhmansagar Dairy

163 Jyoti Prakash Srivastava Dudhmansagar Dairy

164 Bijaya Kumar Tripathy Omfed

165 Mistry Vijaybhai Kanubhai Amul Dairy, Anand

166 Patel Riteshkumar Pravinbhai Amul Dairy, Anand

167 Mukti Tejas Jariwala Amul Dairy, Anand

168 Dhruv M Raval Vidya Dairy, Anand

169 Ashwani Upadhyay Mother Dairy Fruits

170 Anjani Kumar Patel Mother Dairy Fruits

List of the Participants who attended the Training Programme on "Sensory Evaluation of Milk and Milk Products"

List of the Participants who attended the Training Programme on "Technology of Fermented and Probiotic Dairy Products"

ID.NO Name ORGANIZATION

243 Snehil Meharishi Dudhmansagar Dairy

244 Yogesh A. Narwade Dudhmansagar Dairy

245 Ramanand P. Singh J.M.S.S, Nepal

246 Tikharam Bashyal N.M.S.S, Nepal

247 Ashok Kumar Shrestha Hetanda Milk Supply

248 Rajkumar Maharjan Kathmandu, Nepal

249 Dinesh Chauhan B.M.S.S, Nepal

250 Travadi Chirantan J. Sugam Dairy

251 Keerti Khantilal Dodia Sarvottam Dairy

ID.NO Name ORGANIZATION

252 M.N. Kademani Dharwad Milk Union

253 B. Sreenivas Murthy Dharwad Milk Union

254 Virenbhai Savaliya Student

255 Mohit G. Radadia Student

256 Sonali L. Parekh Student

257 Rabari Manishkumar L. Student

258 Patel Sarthakkumar Vallabhbhai Student

259 Dodiya Hardevbhai D. Student

260 Bhut Chandresh M. Student

Group photo of “Technology of Fermented and Probiotic Dairy Products”

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List of the Participants who attended the Training Programme on "Technological and Engineering Aspects of Ice Cream Plant"

ID.NO Name ORGANIZATION

31 Yogesh A. Narwade Mehsana DCMPUL

32 Prajapati Paresh S. Shreya Engineering

33 Tushar Bhanubhai Dave Jeevan Swapna

34 Shah Ronakkumar J Mehsana DCMPUL

35 Satyapriya Mohapatra At. Charchika

36 Rohit Sharma Mehsana DCMPUL

37 Dharmendra Kumar Vasudhara Dairy

38 Suryakanta Mahapatra IDMC Ltd.

39 Vikas Patil IDMC Ltd.

40 Patel Dilipkumar Amichandbhai Banas Dairy

41 Chaudhary Sureshbhai Jitubhai Banas Dairy

42 Mohit G. Radadia Student Vidya Dairy

43 Savaliya Virenbhai V Student Vidya Dairy

ID.NO Name ORGANIZATION

44 Patel Karan Dharmendrabhai Student Vidya Dairy

45 Jagdish G. Mor More-N-Mor Ice

46 Krishna Manuka GCMMF Ltd

47 Bajirao S. Kapare Vasudhara Dairy

48 Bhosale Balasaheb Antu Vasudhara Dairy

49 Patel Rupal Arvindbhai Havmor Ice Cream

50 Sanjay K. Patil Modern Industrial

51 Shah Akshay Shashikant Havmor Ice Cream

52 Chandra Mohan Mohanta Omfed BBSR Dairy

53 Ravindrakumar Shah Soni Falia, Olpad,

54 Hamidani Rafik H Dilbahar Ice Cream

List of the Participants who attended the Training Programme on "Technological & Engineering Aspects of Milk Condensing and Drying Plant"

ID.NO Name ORGANIZATION

38 Patel Hiteshkumar Vasantlal Dudh Sagar Dairy

37 Desai Alkaben Baldevbhai Dudh Sagar Dairy

39 Keshar Jesangbhai Chaudhari Banas Dairy

40 Patel Pirabhai Karshanbhai Banas Dairy

41 Bhatt Rohan Vimalbhai KDCMPUL

ID.NO Name ORGANIZATION

42 Shah Pratikkumar Ghanshyambhai Amul Dairy

43 Patel Viralkumar Vaghjibhai Amul Dairy

44 Patel Anirudhdh Babulal Sabar Dairy

45 Jain Khubchand Kachrulal Sabar Dairy

Group photo of “Technological and Engineering Aspects of Ice Cream Plant””

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List of the Participants who attended the Training Programme on "New Developments in Energy Management of Food and Dairy Operations"

ID.NO Name ORGANIZATION

15 Bhausaheb Laxman Deokar Prabhat Group

16 Choudhari Sunil Laxman Prabhat Group

17 Sanjay Prabhakar Hingankar Prabhat Group

18 Nitheenchandra K Dakshina Kannada

19 Harshith Moorthy Manipal Dairy

20 Bhoi Hirenkumar Manubhai Vidya Dairy

ID.NO Name ORGANIZATION

21 Nilam Vyas Vidya Dairy

22 Arvindbhai Devjibhai Chaudhari Dudhsagar Dairy

23 Pradipkumar P. Patel Dudhsagar Dairy

24 Chaudhary Rameshbhai Monghjibhai Baroda Dairy

25 Manoj Gandhi Uttam Dairy

26 Axaykumar V. Shah KDCMPUL

27 Priyank A.Chaudhary Vidya Dairy

List of the Participants who attended the Training Programme on "Advances in Automation in Dairy Industry"

List of the Participants who attended the Training Programme on "Fssai Requirements & Pest Management Solutions in Food Industry"

ID.NO Name ORGANIZATION

1 Gopalbhai Bhanubhai Patel KDCMPUL

2 Patel Dipak Harshadbhai KDCMPUL

3 Parekh BhoumikYogeshbhai Junagadh Dairy.

4 Ashvinbhai K. Ghodadra Junagadh Dairy.

5 Patel Pareshkumar C. Mehsana District

6 Mukesh Kumar Janwa MDCMPU Ltd

7 Basavarav S. Irabageri Dharward Milk Union

8 Ningappa B. Karajigi Dharward Milk Union

9 Shah Ronakkumar J MDCMPU Ltd.

10 Tejas R. Patel Amul Dairy

11 Ravi B Darji Amul Dairy

12 Desai Alkaben Baldevbhai Mehsana District

13 Mitesh Rajendrakumar Amin Baroda District Co

14 Shah Jigar Chandrakant 22/B, Saimee Society

15 Vaibhav Vijay Sambhus Valsad DCMPUL

ID.NO Name ORGANIZATION

16 Mirkute Anil Onkar Valsad DCMPUL

17 Bhushan M. Vartak Valsad DCMPUL

18 Leonard Albert Davidson Rajkot DCMPUL

19 Hirpara Dilip M. Rajkot DCMPUL

20 Jagdish Mohanji Khatik Uttam Dairy

21 Rajeev Kumar Gupta DRMU, Barauni

22 Nikunj A. Parekh Valsad DCMPUL

23 Chirag H. Bhavsar Valsad DCMPUL

24 Pratap A. Padwal Gokul Dairy

25 Kamble Vijay Shamarao Gokul Dairy

26 Rajesh Kumar Jha IDMC Ltd

27 Suryakanta Mahapatra IDMC Ltd

28 Sanjay J. Dave Panchmahal Dairy

29 Chiristian Graham Panchmahal Dairy

ID.NO Name ORGANIZATION

1 Patel Ketankumar Baldevbhai Mahhur Dairy

2 Patel Pravinkumar N Dudhsagar Dairy

3 Gandhi Nehal Kirtikumar Dudhsagar Dairy

4 Rajeev Singhvi Gopal Dairy

5 Vipul Dhirajlal Bhatt Gopal Dairy

6 Shashank Gaur Dudhsagar Dairy

7 Chaudhari Apurvakumar Haribhai Dudhsagar Dairy

8 Naveenkumar Shrivastava Vasudhara Dairy

9 VK Chandrika Rao Bellary Dairy

10 Maheta Riddhi G Baroda Dairy

11 Mrunal Millind Dighe Baroda Dairy

12 Vikas B. Bhavsar Uttam Dairy

13 Varu Sushil R Uttam Dairy

ID.NO Name ORGANIZATION

14 Pavan R. Padhye Vasudhara Dairy

15 Dipesh Raja Raja Dairy

16 Shripat N. Patil Sumul Dairy

17 Pramod H. Malthane Sumul Dairy

18 Paresh N Chauhan Vidya Dairy

19 Nilam R. Vyas Vidya Dairy

20 Divyesh Chauhan Vidya Dairy

21 Parmar Kalpeshkumar Babubhai Vidya Dairy

22 Alok Saxena Godhra Dairy

23 Jaydip Yoganandi Mother Dairy

24 Teena Panwar Mother Dairy

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List of the Participants who attended the Training Programme on "Training Programme on Advances in Fat Rich Dairy Products"

List of the Participants who attended the Training Programme on "Technological and Engineering Aspects of Food and Dairy Plant"

ID.NO Name ORGANIZATION

1 Patel Ashishkumar D Dairy Sci. College

2 Solanki Akashkumar K. Dairy Sci. College

3 Arvind Kumar Jha DCMPULPalanpur

4 Bhavsar Vikas Buddhilal ADCMPUL

5 Silviya Macwan Dairy Sci. College

6 Vishunu Priya Ramagiri Sangam Dairy

7 Durga Guru Prasad L Sangam Dairy

8 Hem Kumar Ram Barauni Dairy

9 Patel Anilkumar Dahyabhai Sabar Dairy

10 Patel Dixitkumar M Sabar Dairy

11 Solanki Jayendrasinh D KDCMPUL

ID.NO Name ORGANIZATION

12 Patel Ritesh P. KDCMPUL

13 Prajapati Kamalkumar R KDCMPUL

14 Ran Vijay Singh KDCMPUL

15 Vivek K. G. Nambisan’s Dairy

16 Manju Rani Dabon International

17 Pratin S. Gandhi Baroda Dairy

18 Patel Akshaykumar D Vidya Dairy

19 Dodiya Hardev D. Vidya Dairy

20 Binjan K. Patel Vidya Dairy

21 Chiragkumar R. Sutariya Vidya Dairy

22 Thacker Harsh M. Vidya Dairy

ID.NO Name ORGANIZATION

159 Sachin Patil Tetra Pak India Pvt.

160 Swapna Shah Tetra Pak India Pvt.

161 Ajay Balakrishnan Tetra Pak India Pvt.

162 Mayoor Vishnoo Kulkarni Tetra Pak India Pvt.

163 Siddharth Runwal Tetra Pak India Pvt.

164 Sarang Kulkarni Tetra Pak India Pvt.

165 Nitin Bhaskar Nehete Tetra Pak India Pvt.

166 Ashish Shyamrao Khobragade Tetra Pak India Pvt.

167 Guruprasad Rai Tetra Pak India Pvt.

168 Harish Sudam Kamthe Tetra Pak India Pvt.

ID.NO Name ORGANIZATION

169 Harun Sabir Tetra Pak India Pvt.

170 Suhas Bhalchandra Ballal Tetra Pak India Pvt.

171 Sukhraj Singh Sandhu Tetra Pak India Pvt.

172 Ramachandran K. Malabar Regional

173 Boby Kuriakose Malabar Regional

174 Vekariya Jagdish Karshanbhai Gopal Dairy

175 Chauhan Parikshit Dineshkumar Dairy Sci. Col.,Amreli

176 Virenbhai Savaliya Vidya Dairy

177 Mahadevappa C Mannangi Dharwad Milk Union

178 Nagaraja G. Dharwad Milk Union

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To strengthen students’ training and external training programmes, Vidya Dairy gets whole-hearted support from Sheth MC College of Dairy Science, AAU, Anand.

Faculty

From Sheth MC College of Dairy Science, Anand

For External Training Programme

Name Designation

Dr. BP Shah

Principal & Dean Chairman of Vidya Dairy

Dr. AJ Pandya

Professor and Head Dairy Processing and Operations

Dr. J B Prajapti

Professor & Head Dairy Microbiology Department

Dr. K D Aparnathi

Professor & Head Dairy Chemistry Department

Dr. P S Prajapathi

Professor & Head Dairy Technology Department

Dr. A G Bhadania

Professor & Head Dairy Engineering Department

Dr. JB Upadhyay

Professor Dairy Engineering Department

Name Designation

Dr. A H Jana

Professor Dairy Technology Department

Dr. HG Patel

Professor Dairy Technology Department

Dr. Sunil Patel

Assoc. Professor Dairy Engineering Department

Dr. J P Prajapati

Assoc. Professor Dairy Technology Department

Dr. S.V.Pinto

Assoc. Professor Dairy Technology Department

Mr. Ajay Gokhle

Asst. Professor Dairy Processing and Operations

Dr. Smitha B.

Asst. Professor Dairy Chemistry Department

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Name Designation

Ms. Sreeja V

Asst. Professor Dairy Microbiology Department

Mr. B M Mehta

Asst. Professor Dairy Technology Department

Ms. Suja Senan

Asst. Professor Dairy Microbiology Department

Mr. Amit Patel

Asst. Professor Dairy Technology Department

Mr. Hiral Modha

Asst. Professor Dairy Technology Department

Mr. A I Sheikh

Asst. Professor Dairy Chemistry Department

Name Designation

Mr. Amit Jain

Asst. Professor Dairy Chemistry Department

Mr. Satish Parmar

Asst. Professor Dairy Chemistry Department

Mr. D H Patel

Asst. Professor Dairy Chemistry Department

Ms. Jarita Mailk

Asst. Professor Dairy Processings and Operations

Mr. Kunal Kadia

Asst. Professor Dairy Technology Department

Shri Raj Patel

Sr. Officer (Dairy) Vidya Dairy, Anand

Name Designation

Dr. J M Dave

Retd. Principal & Dean Founder Chairman of Vidya Dairy

Dr. K G Upadhyay

Retd. Professor and Head Dairy Technology, Department

Invited Retired Professors of SMC College of Dairy Science, AAU, Anand

Name Designation

Dr. S.S.Sannabhadti

Retd. Principal & Dean Former Chairman of Vidya Dairy

Dr. P N Thakar

Retd. Professor and Head Department of Dairy Business Management

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Faculty from Vidya Dairy

Name Designation

Shri Birendrakumar

Manager (Dairy) Vidya Dairy, Anand

Shri Vipul Parmar

Manager (F&A) Vidya Dairy, Anand

Shri Ajay Zala

Asst. Manager (Dairy) Vidya Dairy, Anand

Shri Kalpesh Parmar

Asst. Manager (Dairy) Vidya Dairy, Anand

Shri Paresh Chauhan

Executive (QA) Vidya Dairy, Anand

Shri Sunny Kharwa

Executive (Dairy) Vidya Dairy, Anand

Shri Jahnavi Pandya

Executive (Dairy) Vidya Dairy, Anand

Shri Jayesh Patel

Sr. Officer Vidya Dairy, Anand

Name Designation

Ms. S. Meenakshi

Sr. Officer Vidya Dairy, Anand

Shri Harshad Oza

Sr. Officer Vidya Dairy, Anand

Shri Divyesh Chauhan

Sr. Officer Vidya Dairy, Anand

Shri Hiren Bhoi

Sr. Officer Vidya Dairy, Anand

Ms Mona Gadhvi

Sr. Officer (Training Co-ordinator) Vidya Dairy, Anand

Shri Ashabhai Macwana

Jr. Officer/Sr. Grade Vidya Dairy, Anand

Shri Robert Parmar

Jr. Officer/Sr. Grade Vidya Dairy, Anand

Shri Jignesh Patel

Jr. Officer Vidya Dairy, Anand

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Consultants

Name Designation

Shri Sham Chaudhry

Consultant Quality, Anand

Shri V K Ghoda

Director,Perfect Solutions, Ahmedabad

Name Designation

Shri S M Chaudhary

CEO Perfect Solutions Vadodara

Shri Ashirwadbhai

Refrigeration Consultant Super RefrigerationAnand

Professionals from Dairy Industry

Name Designation

Shri P N Shah

Advisor L & T India Ltd

Shri Gokulakrishnan S.S

Manager (QA) Amul Dairy, Anand

Name Designation

Shri Amit Vyas

General Manager (Projects & Engineering), Amul Dairy, Anand

Shri Samir Saxena

Manager (QA) GCMMFL, Anand

‘Shram Vir’ award received by Vidya Dairy worker Shri Sanjay Rajput

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Faculty Members from other Colleges of Engineering & Technology

Name Designation

Dr. Mukesh Bulsara Professor, Department of Mechanical Engineering GH Patel College of Engineering & Technology

Prof. Dharmesh Modi Professor, Pharmacy College, VV Nagar

Prof. D J Vyas Professor, Chemical Engineering Department, DDU

Dr. M S Rao Professor, Chemical Engineering Department, DDU

Prof. A. P Dhanwani Professor, Chemical Engineering Department, DDU

Professionals from other Organization

Programmes conducted through external agencies

Name of Lecturer / Organization Topic

Ecolab India Hygiene and CIP of Plant

Shri Paresh Pandya Motivational Training Programme

Shri S N Biswas, Professor, Institute of Rural Management, Anandq Team Building

Danisco India Pvt. Ltd. Starter Culture and Food Additives

Mr. Chirantan Tarvadi Conflict Management” and “Crack the Interview

Prof. Hitesh Bhatt, Professor, Institute of Rural Management, Anand Effective Communication & Positive Attitude

Prof. Babu Nair, Lund University, Sweden Technical Interaction with students

Mr. Vivek Kulkarni, Technical Manager, Chr. Hansen (India) Pvt. Ltd Importance of Starter Culture in Dairy

Mr. Ashish Powari, Sealed Air (India) Pvt. Ltd. New Technology in Packaging Material and Process

Mr. Hariprasad Manavalan & Mr. Shan Bourke, Sealed Air India Pvt. Ltd Hygiene and Cleaning Solution for Dairy & Food Industry.

Ms. Shailaja Merchant, Lucid Colloids Ltd Importance of Food Additives in Dairy Industry

Mr. Jagrut Bhatt, Managing Director, Cipriani Harrison Pvt. Ltd Pneumatic Actuators & /dairy Fittings

Mr. Raj Sinha Roy, Skill 2 Excel Personal Effectiveness

Mr. Kailash Ashar, Mumbai Six Thinking Hats

Prof. Hitesh Bhatt, Professor, Institute of Rural Management, Anand Using attitude to deliver top class products & services

Prof. Hitesh Bhatt, Professor, Institute of Rural Management, Anand Quality Process Management

Name of IndustryGEA Processing India Ltd

L&T India Ltd

JN Marshal India Ltd

Atlas Copco India Ltd

DNV India Ltd

Ecolab Food Safety and Hygiene Solutions Pvt. Ltd

Indian Dairy Machinery Company Ltd

Petroleum Conservation Research Association (PCRA)

Name of IndustryChr. Hansen (India) Pvt. Ltd

Sardar Patel Renewal Energy Research Institute

Thermax Ltd

Lucid Colloids Ltd

Danisco India Pvt. Ltd

Mamata Energy Pvt. Ltd

Synergy Agrotech Pvt. Ltd

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Vidya Dairy’s News published in

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Dealers meet / Focus Group Discussion

Inauguration/Valediction of Various Training Programme

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Cultural Events

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Eminent Visitors’ Voice Over the years many National and International dignitaries have visited Vidya Dairy. Their comment on this unique organizational concept is quite encouraging for maintaining the standards of imparting training at the dairy.

“Excellent Operation, products and People. A great initiative. We wish you all the best for the future”. “Congratulations for your efforts and achievements”. “The training function is so important for the dairy industry around the world. Long may it continue at VIDYA DAIRY”.

INTERNATIONAL DAIRY FEDERATION COMMITTEE OF DAIRY POLICIES AND ECONOMICS.

“Much can be learned by our U.S. dairy industry as well as our academic institutions by what I have seen here”. JERRY KOZAK, President, International Dairy Federation.

“It is a superb initiative, which deserves to be introduced in other professional courses, very impressive. Thank you”.

BIMAL JALAN, Governor, RBI

“You have Beautiful building and Equipment – wonderful for training students – keep up the Good Work”. NORMAN E BORLAUG, Nobel Laureate

“Excellent Entrepreneurial programme: Professionalism and Productivity well built into educational frame work”.

DILIP KUMAR SINHA, Vice Chancellor, Vishvabharati, Shanti Niketan

“I am very impressed and inspired to see students leading the industry. Congratulations on a job so very well done”.

KAREN L. HULEBAK, CODEX Chair person, US Dept of Agriulture, Washington DC, USA.

“It is a unique experiment, which needs to be replicated. I am delighted to visit the Vidya Dairy and wish all the success in its endeavors”.

PRADEEP KUMAR, Secretary, Animal Husbandary, Dairy and Fisheries, Govt. of India.

It is most satisfying to see the students getting practical orientation in both running and management of a dairy plant. Excellent facilities developed through the advice of NDDB would enable GAU to generate well trained human resource in the field of Dairy Technology. We need to develop similar models in different parts of our country. My best wishes to the staff and students in this endeavour.

RS PARODA, Director General, ICAR and Secretary DARE, New Delhi.

Excellent way to train students in the commercial realities of running a dairy plant. Chr-Hansen is pleased to be able to help with aspects of the training programmes.

Stephen Bullin RITM Chr Hansen A/S Malaysia

A wonderful, innovation initiative to create the next generation of dairy professionals through practical hands on experience ! Thank you for sharing!.

Sandip Patel, GM, Global Business Services, IBM India Pvt. Ltd, Bangalore.

Visiting this Daiy is a most exciting and exhilarating experience. Pride in performance, unrelenting emphasis on quality control and the breeding of outstanding Dairy Managers, are all important features of this unique Training Dairy. I consider the Vidya Dairy of GAU an outstanding example of the capability and commitment of India’s Dairy Scientist and Technologists. I wish this Dairy continued success in remaining the flagship of dairying for Rural Livelihood and Nutrition Security Involvement..

Dr. MS Swaminathan, UNESCO Chair in Ecotechnology, MSSRF, Chennai

This institution is a pioneer of the country. I wish other part of the country can bless.Hon. Minister Subodh Kant Sahai, Minister, MFPI, Govt. of India

“An extremely interesting concept of Dr. Kurien which appears to be doing very well. Its an idea worth replicating many times over”.

Prof. Abhijit Sen, Hon. Member Planning Commision, Govt. of India.

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VIDYA DAIRY(A COMPANY REGISTERED UNDER SECTION 25 OF THE COMPANIES ACT, 1956)

AAU CAMPUS, ANAND

LIST OF EMPLOYEES AS ON 31.03.2013

1 Shri D R Shah Managing Director

Managers2 Shri Birendra Kumar Production

3 Shri Vipul Parmar Finance & Accounts

4 Shri Ajay Zala Engineering & Services

5 Shri Kalpesh B. Parmar Production

6 Shri Kiran Sahasrabudhe Marketing

7 Shri Jaydev Patel Sales & General Administration

Senior Executives8 Shri BM Chavda Marketing

9 Shri Paresh Chauhan Quality Assurance

Executives10 Shri Sunny Kharwa Production

11 Ms. Jahnavi Pandya Production

12 Shri Kamal Chauhan Marketing

13 Shri Nimesh Anjaria Purchase & Stores

Senior Officers14 Shri Ashutosh Shukla Finance & Accounts

15 Shri Mansukh Sapra MIS

16 Shri Raj Patel Production

17 Ms. Nilam Vyas Production

18 Shri Hiren Bhoi Engineering Services

19 Shri Sandip Raval Automation

20 Shri Ashish Panchal Purchase & Stores

21 Shri PN Danayak Finance & Accounts

22 Ms. S. Meenakshi Administration

23 Shri Kalpesh Patel Finance & Accounts

24 Shri MB Pathan Marketing

25 Shri Harshad Oza Quality Assurance

26 Shri Patel Jigar Marketing

27 Shri Bhaskar Trivedi Quality Assurance

28 Shri Mayur Suthar Marketing

29 Shri Divyesh Chauhan Quality Assurance

30 Shri Jayesh Patel Purchase & Stores

31 Shri Akshay Patel Production

32 Shri Sandip Patel Production

33 Ms. Mona Gadhvi Q A & External Training

Officers34 Shri Hiren Prajapati Marketing

Jr. Officers / Sr. Grade35 Shri Ashabhai Macwana Engineering & Services

36 Shri Kiran Parmar Production

37 Shri Hitesh Panchal Production

38 Shri Robert Parmar Engineering & Services

39 Shri Francis Macwana Engineering & Services

40 Shri Bhavesh Patel Engineering & Services

41 Shri Jignesh T. Patel Engineering & Services

Sr. Assistants / Sr. Technicians42 Shri Ajay Dave Finance & Accounts

43 Shri Premal Bhatt Purchase & Stores

44 Sandeep Solanki Production

Assistants / Technicians45 Shri Ravindra Patil Production

46 Shri Jitendra Chauhan Marketing

47 Shri Jatin Patel Marketing

48 Shri Arvind Chauhan Production

49 Shri Tejas Thakar Finance & Accounts

50 Shri Rajesh Hande Administration

51 Shri Kiran Chauhan Marketing

52 Shri Bhupatbhai Desaibhai Dabhi Engineering & Services

53 Shri Manubhai Dahyabhai Parmar Engineering & Services

Operator / Attendant54 Shri Mukesh Manubhai Vasava Administration

Trainees55 Nikunj Ka. Patel Quality Assurance

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Board of Directors

Dr. B P ShahChairman

Principal & DeanDairy Science College, Anand

Shri Rahulkumar SrivastavaDirector

Managing DirectorKDCMPUL, Anand

Shri D R ShahDirector

Managing DirectorVidya Dairy, Anand

Shri R S SodhiDirector

Managing DirectorGCMMFL, Anand

Shri Sangramsinh R. ChaudharyDirector

Executive DirectorNDDB, Anand

BANKERS

Central Bank of India

Dena Bank

Bank of Baroda

HDFC Bank

AUDITORS

External

Talati & Talati & Co., Ahmedabad

Chartered Accountants

Internal

Manubhai & Co., Ahmedabad

Chartered Accountants

Company Law Consultants

M/s. J. J. Gandhi & Co., Baroda

Company Secretary

Fifteenth Annual Report2012-13

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15th Annual Report 2012-13

Registration No. 04-34249 of 1998-99Registration Date: 10.06.1998

P. B. No. 122,AAU Campus, Anand – 388 110

Phone: (02692) 267996, 262501 • Telefax: (02692) 267996E-mail: [email protected]

Dr. V. KurienVisionary of Vidya Dairy