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Thread: Net profit

  1. #1
    rmsh16 is offline Senior Member
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    Net profit

    Pl. proofread....

    Dear All,

    Congratulations !!

    Many, many thanks for a job well done. This was a team effort and none of this would have happened without your countless hours and contribution. A “tip of the hat” to all of you – feel very proud of what was accomplished over the one month i.e. achieving net profit of Rs. 1.53 Lakh in September month. We should surge facing all the constraints and look forward a target of achieving plus in the coming months and in the cumulative year 2009-10.

    Thanks in advance

  2. #2
    Anglika is offline No Longer With Us
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    Re: Net profit

    Quote Originally Posted by rmsh16 View Post
    pl. Proofread....

    dear all,

    congratulations !!

    many, many thanks for a job well done. This was a team effort and none of this would have happened without your countless hours and contribution. A “tip of the hat” to all of you – feel very proud of what was accomplished over the one month during september i.e. Achieving net profit of rs. 1.53 lakh for the month. we should surge facing all the constraints despite all the constraints, we should see growth and look forward a target of achieving plus [do you mean achieving over and above what is expected, or that you will achieve a good profit?] in the coming months and in the cumulative [not necessary to say that. Omit] year 2009-10.

    thanks in advance
    .
    ..

  3. #3
    rmsh16 is offline Senior Member
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    Re: Net profit

    It is achieving good profit again & again. This is the first time we have achieved net profit.

  4. #4
    Anglika is offline No Longer With Us
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    Re: Net profit

    Congratulations!

    Then say "...achieving a good profit" or "...achieving further profit"

  5. #5
    rmsh16 is offline Senior Member
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    Re: Net profit

    Hi teachers,

    pl. proofread.....

    Point 1

    We appreciate the efforts S&M by adding out Mr. Roni & Nazeer in the commercial material category who buys daily 3-4 MT of B&C Grade. On the same lines as is being marketed to Army units, S&M should further explore new parties who buy commercial material from us.

    There was a boiling discussion between S&M and BL regarding the sourcing of B&C grade, wherein S&M suggests not to pay and BL justifies on payment.

    In this context, we suggest BL to pay lesser amount than the actual (e.g. Re.1 instead of Rs. 2) which helps us to control the flow of B&C grade and also help in bringing quality conscious with farmers.

    Point 2

    We should be geared up for the coming festive season (Diwali / Rajyostava) and should learn from past experience. In the Ganesh / Lakshmi festival we were experienced the shortage of Banana / Fruits, which should not be repeated this time.

    S&M should give an indent to BL and BL should source accordingly. We should be geared up otherwise too little, too late.

    thanks

  6. #6
    Anglika is offline No Longer With Us
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    Re: Net profit

    Quote Originally Posted by rmsh16 View Post
    Hi teachers,

    pl. proofread.....

    Point 1

    We appreciate the efforts of S&M in taking on Mr. Roni & Nazeer in the commercial material category, who buy daily 3-4 MT of B&C Grade. On the same lines as is being marketed to Army units, S&M should further explore new parties to buy commercial material from us.

    There was a discussion between S&M and BL regarding the sourcing of B&C grade, wherein S&M suggests not paying and BL justifies payment [who is this payment made to? or is this related to amount being paid?].

    In this context, we suggest BL pay less than the standard (e.g. Re.1 instead of Rs. 2) which helps us to control the flow of B&C grade and also help in arousing quality consciousness/awareness amongst the farmers.

    Point 2

    We should be geared up for the coming festive season (Diwali / Rajyostava) and should learn from past experience. In the Ganesh / Lakshmi festival we expereienced shortages of Banana / Fruits, which should not be repeated this time.

    S&M should give an indent to BL and BL should source accordingly. We should be geared up, otherwise it will be a matter of too little, too late.

    thanks
    ..

  7. #7
    rmsh16 is offline Senior Member
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    Re: Net profit

    Pl. proofread the some more points

    1) Onion
    Trading wholesale percentage of sales of Onion is only 0.11%. BL exclusive monitoring is required and should work out a clear cut strategy on how to increase the trading profit. BL should focus on sourcing of more volumes and S&M with healthy dispatch.

    2) Banana
    It was observed that Robusta Banana for 8 days and Yellakki Banana for 5 days was not offered for auction. BL should think that less than the marketing indent will be a loss to the organization and produce to be arranged according to the indent consistently.

    3) Vegetable supply
    Vegetable supply was only 85% in the September. BL should put efforts in sourcing of vegetable even during scarcity and the challenge is to source material during scarcity and not on abundant. It will be possible only by increasing our membership and see through that our non-functional SGAs being functional. BL team should plan a campaign to revive them keeping in view of our business potential (wholesale / retail) in the coming years.

    4) Reliance Data card
    We have taken VPN from Reliance communication; hence, the reliance data cards are not required. P&IS / Purchase / FA should look for an option of selling out of these data cards to our employees or other vendors.

    5) Retail Grade / A grade
    The arrival of A grade is only 73.5% and retail grade is down by 44.12% which need to be increased in phased manner. We know it is not possible to source 100% A grade or retail grade because it is not a factory made, but sourcing inconsistency is not acceptable.
    BL have to increase the availability of Retail grade / A grade up to 95% by making use of BL / QA team and also to be ensured that the arrival should be as per indent.

    6) Contract farming
    The process of Contract Farming in India Rural Economy is a new concept. Contract farming can be defined as an agreement between farmers and processing and/or marketing firms for the production and supply of agricultural products under a forward agreement, generally at predetermined prices. The agreements also allow the purchaser to provide a degree of production support through inputs and technical guidance for the crop cultivation. From the farmer’s side, there is a commitment to produce the specified agricultural products within the quality and quantity standards prescribed by the purchaser, and the firm supports, in turn, the farmer’s production, and also purchases the produce.
    The contractual agreement encompasses three areas viz., market (grower and buyer agree for future sale and purchase), resource (buyer agrees to supply inputs and technical advice) and management specifications (grower agrees to follow the recommended practices for the crop cultivation).
    BL should make use of the contract farming and ensure that it is boon not a bane. It has long-term benefits for both grower and purchaser, provided that their long-term association is mutually complementary.

    7) Maple items
    Some of the maple items viz. Maida, Idli Rawa, Sooji, Wheat Atta is going as dump at SDF. As the shelf life is less than 45 days, 50% of life is lost in warehouse itself. It is advisable to follow the FLOW THROUGH for these items by forecasting the sales at least for 10 days to get fresh stock to all outlets.

    Thanks in advance

  8. #8
    Anglika is offline No Longer With Us
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    Re: Net profit

    Quote Originally Posted by rmsh16 View Post
    Pl. proofread the some more points

    1) Onions
    Trading wholesale percentage of sales of Onions is only 0.11%. BL exclusive monitoring is required and should work out a clear cut strategy on how to increase the trading profit. BL should focus on sourcing of more volumes a greater volume of onions and S&M with on more healthy dispatch.

    2) Bananas
    It was observed that at auction, Robusta Banana was not offered for 8 days and Yellakki Banana for 5 days. BL should think consider that less than the marketing indent will be a loss to the organization and that produce must be arranged according to the indent consistently.

    3) Vegetable supply
    Vegetable supply was only 85% in September. BL should put efforts into the sourcing of vegetable, even during scarcity. The challenge is to source material during scarcity and not on abundant only when it is abundant. This will be possible only by increasing our membership and see through ensuring that our non-functional SGAs being are functional. BL's team should plan a campaign to revive these, keeping in view our business potential (wholesale / retail) in the coming years.

    4) Reliance Data card
    We have taken VPN from Reliance Communication; hence, the reliance data cards are not required. P&IS / Purchase / FA should look for an option of selling these data cards to our employees or other vendors.

    5) Retail Grade / A grade
    The arrival of A grade is only 73.5% and retail grade is down by 44.12% which needs to be increased in a phased manner. We know it is not possible to source 100% A grade or Retail grade because it is not a factory made, but sourcing inconsistency is not acceptable. BL have to increase the availability of A grade/Retail grade up to 95% by making use of the BL / QA team and also to be ensured ensure that the arrival should be as per indent.

    6) Contract Farming
    The process of Contract Farming in India Rural Economy is a new concept. Contract Farming can be defined as an agreement between farmers and processing and/or marketing firms for the production and supply of agricultural products under a forward agreement, generally at predetermined prices. The agreements also allow the purchaser to provide a degree of production support through inputs and technical guidance for the crop cultivation. From the farmer’s side, there is a commitment to produce the specified agricultural products within the quality and quantity standards prescribed by the purchaser, and the firm company supports, in turn, the farmer’s production, and also purchases the produce.
    The contractual agreement encompasses three areas, viz., market (grower and buyer agree for future sale and purchase), resource (buyer agrees to supply inputs and technical advice), and management specifications (grower agrees to follow the recommended practices for crop cultivation).
    BL should make use of Contract Farming and ensure that it is boon a boon, not a bane. It has long-term benefits for both grower and purchaser, provided that their long-term association is mutually complementary.

    7) Staple items
    Some of the staple items viz. Maida, Idli Rawa, Sooji, Wheat Atta, are going as dump at SDF. As the shelf life is less than 45 days, 50% of life is lost in the warehouse. It is advisable to follow the FLOW THROUGH for these items by forecasting the sales at least for 10 days to get fresh stock to all outlets.

    Thanks in advance
    ..

  9. #9
    rmsh16 is offline Senior Member
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    Re: Net profit

    Thank you so much dear Anglika.... A "tip of the hat" to you.

    Pl. proofread

    1) Cold store fruit wastage - Apple

    It was observed that high valued fruit like Apple of 1118 kg become wastage in this month in our cold storage. We all know that the apple value ranges from Rs. 65 to Rs. 150 per kg, hence, efforts is a must to control these wastages. Quality sourcing, timely inspection and proper handling should ensure strictly. S&M should also look for new buyers and hospitals (who source apple for patients) and liquidate the stock.

    S&M may also think of placing a slogan at Retail outlet in the display area of apple as “An Apple a day keep the Doctor away”

    2) Operational charges

    OP should provide all expenses related to operations viz. loading, unloading, sorting, retail packing, warehouse operations etc. to be presented from next BRM onwards

    3) Transportation cost Analysis

    LO has failed to provide the detail for the below point in the last BRM. Forum has asked LO to submit by 20.10.2008 religiously without fail.
    What is the factor for increase of transportation cost and how much per kg impact? Was it because of;
    - Diesel increase Or
    - Capacity utilization of vehicle.

    4) Carry Bags

    It was noted that the consumption of carry bags is 70% at our outlet. S&P should present the comparison between the consumption of carry bags vs. sales at SDFs from next BRM onwards to keep a check on proper use of carry bags. This also gives a caution to SDF incharges that someone is watching them.

    5) Timing & Kilometer

    BL should inform to all the SGAs to enter the timings (arrival and dispatch) in the consignment and S&M to all the SDFs to enter the timings in the delivery challan without fail.

    In case the vehicle sent to SGAs and it had run an additional kilometer which need to be duly certify by the field staff or secretary by indicating the additional km. run by the vehicle. An additional kilometer is not applicable to SDFs because we are paying as per the standards.

    Noting of these information viz. timing & additional km. helps us to have a proper control on logistics and curb the transportation cost if they claim extra.

    6) Crate management

    In addendum to July BRM point no. 18; after we handed over the charge to security effect from 01.09.08, we noted that there was a difference of 2000 crates till date. This is a serious issue HR / LO should inform the security agency to reconcile the crate stock (book account vs. physical stock) with LO accounts.

    After reconciliation if there are any shortages of crates, the value of the shortage/ losses to be recovered from the security agency.

    7) D.halli

    HR should follow up on D.halli site with Rural Zilla Panchayat office and Department of Rural Development & Panchayat Raj and get the Non Objection Certificate immediately. Right now the NOC is in the name of SGA which need to transfer to PNT.

    We should make them understand about the objective of obtaining this site i.e. to establish an integrated infrastructure to carry out the activities viz. sorting /grading of horticulture produce (Collection Centre), facility for technical inputs, Daily Fresh and FMCG shop for the benefit of farmers & consumers

    8) Shops & Commercial Establishment Act

    HR should handover the acknowledgement of Registration under the Shops & Commercial Establishment Act to S&M on priority. This has to be submitted by the store in-charge during inspection of the competent authority from the Shops & Commercial Establishment office, to avoid unnecessary queries by them which we have experienced at our Nagwara outlet.

    Thanks in advance......

  10. #10
    Anglika is offline No Longer With Us
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    Re: Net profit

    Quote Originally Posted by rmsh16 View Post
    thank you so much dear anglika.... A "tip of the hat" to you.

    Pl. Proofread

    1) cold store fruit wastage - apples

    it was observed that high-value fruit like apples of 1118 kg which are in our cold store become wastage in this month. We all know that the apple value ranges from rs. 65 to rs. 150 per kg, hence it is a must to control these wastages. Quality sourcing, timely inspection and proper handling should ensure be applied strictly. S&m should also look for new buyers and hospitals (who source apples for patients) and liquidate the stock.

    S&m may also think of placing a slogan at retail outlet in the display area in the display areas of retail outlets to promote apples, such as “an apple a day keeps the doctor away”

    2) operational charges

    op should provide all expenses related to operations, viz. Loading, unloading, sorting, retail packing, warehouse operations etc. To be presented from next brm onwards

    3) transportation cost analysis

    lo has failed to provide the detail for the below point following point/point below in the last brm. Forum has asked lo to submit by 20.10.2008 religiously omit without fail.

    What is the factor for the increase in transportation cost and how much per kg impact? Was it because of:
    - diesel increase increase in diesel cost
    or
    - capacity utilization of vehicle.failure to use full vehicle capacity

    4) carry bags

    it was noted that the consumption of carry bags is 70% at our outlet. S&p should present the comparison between the consumption of carry bags vs. Sales at sdfs from next brm onwards to keep a check on the proper use of carry bags. This also gives a caution indicates to sdf incharges that someone is watching keeping an eye on them.

    5) timing & kilometer

    bl should inform to all the sgas to enter the timings (arrival and dispatch) in the consignment and s&m to all the sdfs to enter the timings in the delivery challan without fail.

    In case the vehicle was sent to sgas and it had run an additional kilometer, which need this needs to be duly certified by the field staff or secretary by indicating the additional km. Run by the vehicle. An additional kilometer is not applicable to sdfs because we are paying as per the standards.

    note that this information relating to timing & additional km. Helps us to have a proper control on logistics and curb the transportation cost if they claim extra.

    6) crate management

    in addendum to july brm point no. 18: after we handed over the charge to security effect from 01.09.08, we noted that there was a difference of 2000 crates to date. This is a serious issue. hr / lo should inform instructthe security agency to reconcile the crate stock (book account vs. Physical stock) with lo accounts.

    After reconciliation, if there are any shortages of crates, the value of the shortage/ losses are to be recovered from the security agency.

    7) d.halli

    hr should follow up on d.halli site with rural zilla panchayat office and department of rural development & panchayat raj and get the non objection certificate immediately. Right now the noc is in the name of sga which needs to be transferred to pnt.

    We should make them understand about the objective of obtaining this site, i.e. To establish an integrated infrastructure to carry out the activities such as sorting /grading of horticulture produce (collection centre), facility for technical inputs, daily fresh and fmcg shop for the benefit of farmers & consumers

    8) shops & commercial establishment act

    hr should handover transfer the acknowledgement of registration under the shops & commercial establishment act to s&m as a priority. This has to be submitted by the store in-charge during inspection of the competent authority from the shops & commercial establishment office, to avoid unnecessary queries by them which we have experienced at our nagwara outlet.

    Thanks in advance......
    33

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