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Balance Sheet and profit and loss account of Verka Milkfed

Hi Team,

I am Nonu Sharma - MBA student from IIT Kanpur . I would like to get the balance sheet and profit and loss account of Verka for the year 2016 . It is for the academics purpose .

The Federation of Cooperative Milk Producers of the State of Punjab Limited (MILKFED) was born in 1973 to improve dairy production in the state of Punjab. The main objective was to provide a lucrative milk market to state milk producers by adding value and marketing the products. Another objective was to provide technical inputs for the improvement of milk production.

Although the federation was recorded quite early, it came in its true form in 1983 when the milk plants of the former Punjab Dairy Development Corporation Limited were awarded to the Cooperative Sector under Operation Flood. The move was carried out in the state to provide better treatment to farmers and better products to customers.

MILKFED is configured as a three-tiered system with the Federation as the central body at the state level, the District-level Dairy Unions, and Cooperative Societies at the village level. The organization has continually advanced towards its coveted goals well defined in its statutes.

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