Chairman's Address
  
   
 
Dear Cooperative Friends,
I am pleased to welcome all representatives of co-operative milk societies associated with the Union present in the 60th Annual General Meeting of the Union, and, present before you the Annual Accounts of the year 2010-11 and Audited Report duly approved by the Board of Directors and certified by Auditor.

During the year a sad demise of Shri Manubhai Amthabhai Patel, Sumul has lost its strong leader & milk producers have lost their surety. We tribute him with broken heart

During the year rates of petroleum products were also rise up several times & as a result major effect was seen on animal husbandry practices & its aligned expenditure. In this condition milk producer should not face financial crisis & to make them strengthened Sumul has paid rupees Sixty (RS 60/-) more as compare to the previous year.

As there were high rise in the rates of feeds & fodder & raw material of feed concentrates & due to this milk production cost also gone up. So, it became a challenging business for our milk producers. We have supplied Sumul Dan on no profit no loss basis to our milk producer to control the milk production cost up to some extent.

Sumul facilitates several programmes for the benefits of its milk producers to increase milk production with less production cost. Such programmes are ICD, FIP, PEP, NECO project, AI services & also started low interest loans to our milk societies.

Even after such unfavourable condition we are able to give maximum rate to our producer & maintain the milk flow towards Sumul Dairy.
   
Union Membership :
  Number of Primary Milk Producers’ Co-operative Societies affiliated with the Union is 635, at the end of accounting year.
   
Board of Directors:
  The period for committee members of 14 talukas is 3 years from 13/07/2009. During this period Mahuva taluka’s seat became vacant due to the death of representative & the Chairman Shri Manubhai Amthabhai Patel & Seat of Bardoli taluka became vacant due to the resignation of the representative himself. To fill these seats, Deputy Collector, Choryasi prant was requested through District registrar & as per the provided norm of cooperative both seats were filled for the remaining period by election.
   
Business and Financial Position :
 

The total turnover of the union is Rs.1088 Crore which is 20.89% means 188 Crore more than previous year. Union has made Rs. 2, 66, 38, 328 net profits after providing Rs. 664 Lacs for depreciation, RS. 60 Lac for Income Tax provision, at the end of the financial year 2010-11.

 Board of Directors have recommended distributing 15% Dividend, within the limit of provision in Cooperative act.
   
Audit :
  Audit procedures of milk producing societies and the Union are governed by the audit board appointed by the state government under continuous and concurrent audit scheme.