Abstract
The co-operative movement in Kanyakumari district has played a significant role in the social and economic development of the district, particularly in rural areas. Dairy co-operative movement in the district has contributed significantly towards the substantial increase in milk production. The main focus of this paper is to highlight the financial performance of Kanyakumari District Cooperative Milk producers Union. For this purpose the researcher used Creditor’s Turnover Ratio, Current Ratio, Dairy, Debt Equity Ratio, Gross Profit Ratio, Net Profit Ratio, Proprietary Ratio, Quick Ratio, Return on Investment, Stock Turnover Ratio, Return on Assets and Return on Investment. The result reveals the fact that the financial performance of Aavin industry in Kanyakumari District is good in all the aspects. As there is wider scope for the production as well as consumption of milk and milk products in the district, efforts can be made to reduce the cost and to maximize the profit to make the milk industry a vibrant and viable one in the district and state.
Highlights
Livestock sector plays a major role in the economy of the State
As far as the Cost of Goods Sold is concerned, it is steadily increased from the year 2013 onwards after overcoming the fluctuations for the period from 2007 to 2012, for inventory the trend got fluctuated over the years under study which reflects in the inventory turnover ratio
The Gross Profit ratio which is the result of both Gross Profit and sales has an average growth rate of 907 percent over the period under study
Summary
Livestock sector plays a major role in the economy of the State. Animal Husbandry provides livelihood and is the mainstay of small and marginal farmers. The cooperative movement in Kanyakumari district has played a significant role in the social and economic development of the district, in rural areas. These unions is entrusted with the task of procurement, processing and marketing of milk and milk products, as well as supply of inputs to milk producers through primary societies. 25th January 1949 and started its functioning from 7th February 1950 Later it was elevated as Nanjil Nadu Milk Supply Cooperative Union by January 1951. During 1961 it was renamed as Kanyakumari District Cooperative Milk Supply Union. District Cooperative Milk Producers Union on 16th February 1982 This Dairy is located at Nagercoil, the Head Quarters of this District. The union produced by products like milk peda, Badam mix powder, flavoured milk and Butter milk and sales to the public
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