MIRA
INFORM REPORT
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Report Date : |
14.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SURAT DISTRICT COOPERATIVE MILK PRODUCER’S UNION LIMITED |
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Registered Office : |
Post Box No.501, Sumul Dairy, Surat-395008, Gujarat |
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Country : |
India |
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Date of Incorporation : |
1951 |
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Legal Form : |
A Cooperative Society incorporated in year 1951. Member’s liability is limited. |
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Line of Business : |
Acts as manufacturing units of dairy products for Gujarat Co-operative
Milk Marketing Federation Limited, the marketers of Amul and Dhara brand of
products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject appears to be an established society having satisfactory
track. Nothing adverse reported. Trade relations are fair. Payments are
usually correct and as per commitments. The society can be considered good for normal business dealings at
usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Post Box No.501, Sumul Dairy, Surat-395008, Gujarat, India |
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Tel. No.: |
91-261-2537693-94/ 2531137/ 2538717/ 2531666/ 329080 |
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Fax No.: |
91-261-2533572 |
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E-Mail : |
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Branches : |
Sumul Chilling Centre, Navi Pardi. At & Po.Navi Pard, Ta. Kamrej, Dist. Surat. -394150 Tel. No.:95-2621- 243272, 243273, 243274. Sumul Chilling Centre, Bajipura. At & Po. Bajipura, Ta. Valod, Dist. Surat Tel. No.: 95-2625- 233236, 233353 Sumul Chilling Centre Uchchhal. At & Po. Uchchhal, Ta. Uchchhal, Dist. Surat -
433975 Tel. No.:95-2628- 231118, 231235 Sumul Dan Factory At & Po. Chalthan, Ta. Palsana, Dist Surat -
394305 Tel. No.: 95-2622- 271162, 271163 Food Packaging Unit Tel. No.: 95-2622- 271164 Nasik Plant , Nasik Nizar Chilling Centre Tel. No. : 91-2628- 244442 At & Po. Nizar, Ta. Nizer, Dist Surat |
DIRECTORS
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Name : |
Shri Manubhai Amthabhai Patel |
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Designation : |
Chairman |
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Name : |
Shri Sudambhai Raghunathbhai
Patel |
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Designation : |
Vice Chairman |
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Name : |
Shri Pravinbhai Namlabhai
Gamit |
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Designation : |
Representative, Vyara
DudhUtpadak S. M. Limited, At. & Po.: Vyara, Tal.: Vyara.394 650 |
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Name : |
Shri Arvindbhai Singabhai
Gamit |
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Designation : |
Representative, Pipalkuwa Dudh
Utpadak, .M.Limited,Pipalkuwa,Po.:Pipalkuwa, Tal.: Songadh.394660 |
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Name : |
Shri Jayeshbhai Natvarbhai
Patel |
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Designation : |
Representative, Delad Dudh Utpadak
S.M. Limited, At. Delad Po.: Sayan, Tal.: Olpad.394540 |
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Name : |
Shri Jitendra Dhirajlal Desai |
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Designation : |
Representative, Uchchal Dudh
Utpadak S.M. Limited, At & Po.: Uchchal ,Tal.: Uchchhal.394375 |
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Name : |
The District Registrar, |
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Designation : |
Representative, The Registrar,
Co-op. Societies, Gujarat State, Gandhinagar. |
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Name : |
Shri Manojbhai Naranbhai Patel
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Designation : |
Representative, Shekhpur Dudh Utpadak
S.M. Limited, At Shekhpur Po.: Sayan, Tal.:Kamrej.394180 |
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Name : |
Smt. Sumatiben Balvantrai
Vashi |
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Designation : |
Representative, Dindoli Dudh
Utpadak S.M. Limited, At & Po.: Dindoli,Tal.: Choryansi |
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Designation : |
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Name : |
Shri Shivabhai Babubhai Patel |
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Designation : |
Representative, Naugama Dudh
Utpadak S.M. Limited, At Naugama(Nani) Po.: Simodra,Tal.: Mangrol.394410 |
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Name : |
Shri Ramanbhai Ukadiyabhai
Gamit |
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Designation : |
Representative, Zankhala Dudh Utpadak
S.M. Limited, At & Po. Zankhala Tal.: Mandvi.394160 |
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Name : |
Shri Bhupendrabhai Ratilal
Desai |
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Designation : |
Representative, Valod Dudh
Utpadak S.M. Limited, At & Po. Tal.: Valod.394640 |
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Date of Birth/Age : |
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Name : |
Shri Shantilal Kalyanjibhai
Patel |
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Designation : |
Representative, Bagumra Dudh
Utpadak S.M. Limited, At & Po. Bagumra. Tal. Palsana.394315 |
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Name : |
Shri Arvindbhai Bhagvanjibhai
Patel |
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Designation : |
Representative, Rampura Dudh
& Shakbhaji U.S.M. Limited At.Rampura. Po.Varad. Tal:Bardoli.394602 |
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Address : |
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Name : |
Shri Jaysingbhai Dungariyabhai
Vasava |
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Designation : |
Representative, Dhanavad Dudh
Utpadak S.M. Limited At & Po.Dhanavad, Tal. Umarpada. |
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Name : |
Shri P. Chellapa. |
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Designation : |
Representative, N.D.D.B.,
Anand |
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Name : |
Dr. S.K. Bhalla / Dr. S. T.
Desai |
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Designation : |
Representative, GCMMF Limited,
Anand |
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Name : |
Shri Jayesh Harshadbhai Desai |
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Designation : |
Managing Director, Ex. Officio
Member Secretary. Sumul dairy, Surat. |
KEY EXECUTIVES
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Name : |
Shri Jayesh H. Desai |
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Designation : |
Managing
Director |
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Name : |
Shri Amit M Was |
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Designation : |
G.M. (Tech) |
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Name : |
Shri Dilipbhai P. Shah |
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Designation : |
G. M. (Cd) |
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Name : |
Shri Pushpakant R. Pande |
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Designation : |
G.M. (Sdfnet) |
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Name : |
Shri Samirkumar S. Mitra |
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Designation : |
G. M. (Qa) |
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Name : |
Shri Arun Harikishan Purohit |
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Designation : |
A.G.M (Finance) |
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Name : |
Shri N.B.Rathore |
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Designation : |
Agm (Vet) |
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Name : |
Shri Manojkumar.C.Vyas |
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Designation : |
Manager (Sales) |
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Name : |
Shri P. A. Rathod |
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Designation : |
Manager (Vet) |
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Name : |
Shri Satyen Naik |
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Designation : |
Manager (IT) |
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Name : |
Shri Alpesh B Shah; |
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Designation : |
Dy. Manager (Engineering) |
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Name : |
Shri Bhupendrabhai V Patel |
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Designation : |
Dy. Manager (Qc) |
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Name : |
Shri Bhupesh V. Parikh |
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Designation : |
Dy. Manager (Marketing) |
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Name : |
Shri Dilip T. Patel |
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Designation : |
Dy. Manager (P&Ah) |
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Name : |
Shri Diniyar F. Besaniya |
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Designation : |
Dy. Manager (Mm) |
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Name : |
Shri Gordhanbhai V.Ghoghari |
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Designation : |
Dy. Manager (Vet) |
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Name : |
Shri Kamlesh.B.Patel. |
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Designation : |
Dy. Manager |
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Name : |
Shri Navinchandra N. Patel |
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Designation : |
Dy. Manager (Main) |
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Name : |
Shri Pankajkumar Dhirajlal
Thakkar |
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Designation : |
Dy. Manager (Cfp) |
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Name : |
Shri Prabhat R. Bharadwaj |
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Designation : |
Dy. Manager (Engineering) |
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Name : |
Shri Shambhubhai A Mangukia |
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Designation : |
Dy. Manager (Vet) |
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Name : |
Shri Abhay Rambhau Margade |
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Designation : |
Ast.Manager (Prd) |
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Name : |
Shri Bhargavbhai D. Pandya |
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Designation : |
Board Secretary |
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Name : |
Shri Bhaskar A. Modi |
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Designation : |
Ast.Manager (Vet) |
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Name : |
Shri Dilip R. Naik |
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Designation : |
Ast.Manager (Mm) |
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Name : |
Shri Hasmukhbhai K.Patel. |
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Designation : |
Ast.Manager (Vet) |
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Name : |
Shri Kalpanaben J. Desai |
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Designation : |
Ast.Manager (Qc) |
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Name : |
Shri Manishkumar M Bhatt. |
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Designation : |
Asst, Manager (Marketing) |
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Name : |
Shri Pratapbhai B. Bendre |
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Designation : |
Ast.Manager (Prd) |
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Name : |
Shri Pravinbhai D Gajera |
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Designation : |
Ast.Manager (Vet) |
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Name : |
Shri Rajendra.R. Gupta |
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Designation : |
Ast.Manager (Prd) |
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Name : |
Shri Rajesh R Vaghasia |
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Designation : |
Ast. Manager (Prd) |
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Name : |
Shri Rajeshkumar R. Verma |
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Designation : |
Ast.Manager (Prd) |
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Name : |
Shri Ramesh K. Patel |
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Designation : |
Ast.Manager |
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Name : |
Shri S. S. Hadole |
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Designation : |
Ast.Manager (Vet) |
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Name : |
Shri Shripat.N.Patil |
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Designation : |
Asst. Manager (Qa) |
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Name : |
Shri Sunil I. Suthar |
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Designation : |
Ast.Manager (Engineering) |
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Name : |
Shri U. M. Khan |
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Designation : |
Ast.Manager (Vet) |
BUSINESS DETAILS
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Line of Business : |
Acts as manufacturing units of dairy products for Gujarat Co-operative
Milk Marketing Federation Limited, the marketers of Amul and Dhara brand of
products. |
GENERAL
INFORMATION
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No. of Employees : |
940 |
FINANCIAL DATA
[all figures are in Rupees Millions]
Financials :
No financials are available from any available sources.
Management remained non-cooperative during current investigation. Mr.
Arun Purohit declined financials.
LOCAL AGENCY
FURTHER INFORMATION
Website Details :
History
Sumul or Surat
Milk Union Limited, which is now renamed as The Surat District Co-operative
Milk Union Limited, is one among the 12 district unions which acts as
manufacturing units of dairy products for Gujarat Co-operative Milk Marketing
Federation Limited, the marketers of Amul and Dhara brand of products.
Surat District has been a Pioneer
in India in channeling trade in Cotton and Milk through co-operatives. Before SUMUL stepped in, traditional Private
Milk Traders were dominant in the area.
The private trade was
monopolizing the Milk market and exploiting both the Milk Producers and
Consumers alike. The milk procurement price which used to be fixed by the
traders (traditional Bhatias) was very low and was fluctuating from time to
time at their sole discretion. These middlemen has capitalized on the absence
of any infrastructure and processing facilities and has managed to keep
producers from deriving equitable benefits from the marketable surplus
generated. As such their income from milk was very low and they had no
incentive for modern dairy farming. The farmers resented the system, but were
helpless in the face of these traditional constraints and to their own lack of
resourcelessness.
Dairying on the other hand, was
never popular with tribals (a major rural population in the District) as
practically no infrastructure existed for milk marketing in their talukas,
inaccessibility to their villages as well as taboos regarding keeping of
buffaloes prevented the entire population of tribals from considering dairying
as a source of income. The tribals kept their cows to produce bullocks rather
than milk, which was insufficient even to nurse the calves. Most of the tribals
were unaware of the usual milch breeds.
Hygienic and pure milk was almost
unknown in the market. In fact unbridled adulteration of milk was practiced by
these traders to meet the growing demand of milk in the city. To salvage the
poor producers from the clutches of these Private Traders, Organisation and
integration of procurement, processing and marketing of milk and milk products
by the producers themselves on a sound co-operative line was essential; this
would also ensure elimination of middlemen, equitable distribution of benefits
to Rural Milk Producers and indirectly to urban milk consumers as well.
Hence, the Surat District Co-operative Milk Producers'
Union Limited., SUMUL is trade name and literally meaning sound price,
came into existence on August 22, 1951.
OBJECTIVES OF SUMUL
The Sumul Dairy was established with the following
objectives :
v To
Understand And Meet Customer Needs.
v To
Develop Competency of Employees For Continual Improvement of Their Performance
and Effectiveness
v To
Demonstrate Continual Improvement of Process Based on Objective
v To
Review Food Safety and Quality Management System for improvement
v To
Apply Scientific Innovations and State of Art Technology.
v To
provide guaranteed remunerative milk market round the year for surplus milk.
v To
provide maximum return to producers
v To
Provide good quality Milk and Milk Product to consumers
v To
increase milk productivity at most economic rate by providing technical input
services to the producers.
v The
Sumul Dairy shall provide proper Nutrition and Good Health to its customers in
addition to achieving customer delight.
Awards
|
Award Title |
Year |
Awarded by |
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Gram
Vikas Award |
2006 |
Federation of Indian Chambers
of Commerce & Industries |
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National
Energy Conversation Award |
2006 |
Ministry of Energy Government
of India |
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Golden
Peacock Award |
2006 |
Institute of Director
(International Institute) |
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Manthan-AIF
Award |
2006 |
Online Integrated Computerized Systems (OICS) |
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2005-06 |
Amazing Jamanalal |
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2005-06 |
Federation of |
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The
18th Annual CIO 100 Award |
2005 |
CIO 100 Award |
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Commendable
efforts and achievements in the field of 'Industrial Relations' |
2004 |
Federation of Gujarat
Industries, Vadodara. |
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Runners
up at CSI-TCS Award 2003-04 for Best IT Usage |
2004 |
Computer
Society of India |
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Intelligent Enterprise Awards 2004 |
2004 |
Computer Associates |
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Best
Organisation of the District |
2003-04 |
Surat Jilla Sahakari Sangh,
Surat |
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Best
Garden of the Company of Surat City |
2003-04 |
Surat Municipal Corporation,
Surat |
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Enfuse
National Award For Energy Efficiency Excellence |
2003-04. |
Energy & Fuel Users Association
of India, Chennai |
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Management
Excellence Award - 2002 |
2002-03 |
Surat Management Association,
Surat |
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IMC
Ramkrishna Bajaj Award Merit Certificate 2002 |
2002-03 |
Indian Merchant Chamber,
Mumbai |
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Manager
of the year 2001 |
2001-02 |
Surat Management Association,
Surat |
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Birla
Cellulosic Award for Small Group Activity |
2001-02 |
Birla Cellulose, Kharach |
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National
Productivity Award (Dairy Development & Production Sector) - 2nd |
2001-02 |
National Productivity Council,
New Delhi |
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Quality
Excellence Award |
2000-01 |
Surat Management Association,
Surat |
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Jamnalal
Bajaj Fair Business Practice Merit certificate |
2000-01 |
Council for Fair Business
Practice, Mumbai |
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National
Productivity Award (Dairy Development & Production Sector) - 2nd |
2000-01 |
National Productivity Council,
New Delhi |
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Appreciation
Award for Total Productivity maintenance |
2000. |
Quality Circle Forum of India,
Vadodara |
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Total
Productivity maintenance Award |
1999-00. |
Ahmedabad Management
Association, Ahmedabad |
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Appreciation
Award for Total Productivity maintenance |
1999. |
Quality Circle Forum of India,
Vadodara |
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Certificate
of merit from National Productivity Council |
1998-99. |
National Productivity Council,
New Delhi |
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Council
for Fair Business Practices |
1993 |
Council for Fair Business
Practice, Mumbai |
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Jamnalal
Bajaj fair Practice Award |
1992-93 |
Council for Fair Business
Practice, Mumbai |
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National
Productivity Award |
1990-91 |
National Productivity Council,
New Delhi |
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Sardar
Patel Saksharta Award |
1989-90 |
South Gujarat University,
Surat |
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National
Productivity Award |
1988-89 |
National Productivity Council,
New Delhi |
LICENSES FOLLOWED BY SUMUL
v ISO 9K2K
v HAACP
v MMPO
v ISI
v AGMARK
v PFA
v ISO14000
THEIR STRATEGIC FOCUS
Cooperative Focus :
Village level development, Clean Milk Production & Veterinary
Services
Customer & Market Focus
Relationship, Awareness & Product availability as per
their need and time
Competitors Watch, Own agents relationship, Market research
Quality Focus
Continuous Improvement in Quality defined according to
Customers
Organizational focus
Think globally and act locally
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.15 |
|
UK Pound |
1 |
Rs.84.38 |
|
Euro |
1 |
Rs.57.22 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|