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Annual Report 2010-11

Bidaj

ContentsBoard of Trustees & Management Committee

The Way Forward

Our continued pursuit for Excellence

Audited Accounts

Officers, Auditors & Bankers

Acknowledgement

02

04

05

20

28

29

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Kankrej bull calves

Board of TrusteesDevendrakumar R Desai

Amrita Patel

Dalsukhbhai J Patel

Bhikhabhai Z Patel

Jivrajbhai Patel

D Tikku

C P Devanand

Management CommitteeAmrita Patel

D Tikku

K R Trivedi

G K Sharma

Y Y Patil

C P Devanand

Chairman

Trustee

Trustee

Trustee

Trustee

Ex-Officio Trustee

Ex-Officio Trustee

Chairman

Vice Chairman

Member

Member

Member

Member-Convenor

Gir calves born out of embryo transfer

Like in the past, SAGB maintained its top position in semen production in the country. During the year, SAGB produced 80.5 lakh frozen semen doses contributing to 12.1 percent of the country’s total semen production. While the total frozen semen production in the country increased by 1.5 percent over that produced in 2009-10, the frozen semen production at SAGB increased by 9.2%. Over previous year, the semen sales in 2010-11 increased by about 17 percent compared to 11.9 percent increased in 2009-10.

SAGB’s pursuance on constantly improving the quality of semen doses it produces, in terms of increasing fertility and higher genetic change in the cattle and buffalo population, continued during the year. Twenty five young crossbred bulls and 25 buffalo bulls produced through nominated mating were put to test during the year. In addition, 9 young buffalo bulls and 38 young crossbred bulls produced under progeny testing programme were procured from the field and put under quarantine. SAGB also continued its efforts of conservation and development of indigenous breeds. Being equipped with state-of-the-art infrastructure and world class facilities and backed by ISO 9001:2008 certifications by M/s. BVC, UK, the semen was continued to be produced, evaluated, processed, stored and supplied under stringent norms. SAGB continued to set high quality standards for the industry.

Above Infrastructure developed to enforce biosecurity - Cleaning of vehicles before entering the biosecure zone.

04 Sabarmati Ashram Gaushala

The Way Forward ...SAGB’s customer base also increased during the year. About 14.5 percent of the total sales was to government institutions, 41.6% to cooperatives and 43.8 % to private. The semen sales to private increased by about 22% over the previous year. The number of customers buying semen doses increased from 217 in 2009-10 to 253 in 20010-11, an increase of 16.6 %. The customers not only demanded semen with higher post thaw motility, but also looked for semen of bulls with higher genetic potential.

It is envisaged that with the launching of NDP I by NDDB, the demand for quality semen doses will go up further in the country and SAGB will have a good market for its semen doses. In NDP I, it is planned to raise the total number of inseminations carried out to go up from the current level of 50 million to some 95 million by 2016-17. It is hoped that with the constant guidance of NDDB and innovative changes by SAGB in semen production and processing, it will maintain its leadership position in the sector and provide an example to other semen stations to follow for many years to come. SAGB’s efforts have always been directed towards improving the productivity of dairy animals and agricultural land and transferring the benefit of enhanced productivity to the dairy farmers to augment their income and quality of life. SAGB will continue to remain firm on this philosophy.

05Sabarmati Ashram Gaushala

Our continued pursuit for Excellence

SAGB maintains a diverse germplasm (19 breeds of cattle and buffaloes) to cater to the artificial insemination requirements of the dairy farming community. The production/procurement of high pedigreed and disease free bulls have always been a major challenge. SAGB sources its bulls either from the bull production unit or from the genetic improvement programmes run in association with NDDB and other institutions.

I Genetics

Unleashing bull power-Diverse genetics available with SAGB

Sahiwal Bull-S-17

Gir Bull-G-01

Banni Bull-BB-01

Mehsani Bull-MB-01

Jaffrabadi Bull-JF-05


An elite herd of Gir, Kankrej, Sahiwal, Red Sindhi, Holstein/Jersey crossbred cattle breeds and Murrah buffalo breed is maintained by SAGB for bull production.

SAGB has been the torch bearers for embryo transfer technology in the country and has utilized this technology extensively in its bull production and breed conservation programmes. The first embryo transfer laboratory in the country was established at Bidaj in 1987 under the National Science and Technology project. Though the project ended in 1996, SAGB continued embryo transfer work on elite exotic, crossbred and indigenous animals to multiply and preserve their germplasm, with NDDB’s technical guidance and support.

Since the inception of the project in 1987, 11928 viable embryos have been produced and 741 male calves have been born.

(a) Bull Production Unit

ET technology was also employed successfully by SAGB to operate the Open Nucleus Breeding System (ONBS) - an advanced breeding system employing Multiple Ovulation and Embryo Transfer - for production of superior Holstein Friesian-Sahiwal crossbred males through the use of top ranking Holstein Friesian sires on Sahiwal cows. The system promoted by NDDB was established in 1992.

The male progeny produced in the process were selected for semen production on the basis of performance of their full sisters and half sisters. Elite crossbred (Holstein Friesian x Sahiwal) cows produced were utilized for bull production.

Above Top performing Holstein Crossbred CowCB-7887, Peak Yield:43 kg, First Lactation.

Jersey Sahiwal Crossbred Cow-CB-871Best Lactation Yield:5551 kg.

Holstein Sahiwal Crossbred Cow-CB-3696Best Lactation Yield:8670 kg.

Holstein Gir Crossbred Cow-CB-4797Best Lactation Yield:7155 kg.

Gir Cow-G-535Best Lactation Yield:4791 kg.

Murrah Buffalo-M-4052Best Lactation Yield:5980 kg.

Elite genetics available with SAGB

Red Sindhi Cow-RD-25Best Lactation Yield:4218 kg.



Table 1: Breed-wise top performing cows

Sr. No. Breed Cow number Peak yield (Kg) Best standard lactation yield (Kg)

1

Indigenous

Sahiwal 48154392 34 6594

Gir 10005356 26 4791

Red Sindhi 30120257 23 4218

2

Crossbred

Holstein Crossbred

45353696 38 8670

48150775 39 8575

45359982 42 8430

44611486 38 8183

27121705 32 7399

Jersey Crossbred 48154324 29 6243

3 Buffalo Murrah 45354052 28 5980

Table 2: Top performing daughters

Sr. No. Cow number Sire* Dam** Peak yield (Kg) Std FLY*** (Kg)

1 50003225 Tagwood S-7032 28 6877

2 44611794 HF-57 S-53 30 6725

3 42936510 HF-53 S-3525 27.5 6446

4 50025551 Nugget S-3266 28.5 6339

5 50098073 Odyssey S-612 27 6303

6 45359982 HF-53 S-4312 32 6302

7 44611748 HF-57 S-53 28 6283

8 44611987 HF-53 S-33 27 6066

9 50071413 Spirit S-6073 25 6036

10 50013355 Nugget S-3701 25 5936

*

**

***

The records of the best germplasm produced and maintained at the farm are elucidated in Tables 1 and 2.

- Holstein Friesian

- Sahiwal

- First Lactation Yield

Breed

Breed

FLY


NDDB has launched a progeny testing programme for Holstein Friesian (HF) crossbred and Murrah bulls to meet the requirement of semen stations all over the country. In this programme, SAGB has been identified as the main agency implementing the programme in collaboration with NDDB and three Milk Unions of Gujarat.

(b) NDDB-SAGB Progeny Testing Project Table 3: Breeding values of top crossbred bulls

No Bull numberNumber of

daughtersBreeding value for

milk yield

1 SAG-Neelkanth 35 415.477

2 SAG-HFS-47 40 312.187

3 SAG-Janak 38 310.935

4 SAG-HFS-09 26 270.187

5 SAG-HFS-55 26 269.506

6 SAG-Nehal 37 262.203

Table 4: Breeding values of top buffalo bulls

No Bull numberNumber of

daughtersBreeding value for milk yield

1 SAG-BM-131 26 208.107

2 SAG-BM-37 42 152.107

3 SAG-BM-47 27 150.394

4 SAG-BM-136 23 145.110

5 SAG-BM-133 30 132.062

6 SAG-BM-141 23 127.503

Till now, 139 buffalo bulls and 116 crossbred bulls have completed their test inseminations. The breeding values of 100 crossbred and 118 buffalo bulls have been estimated. There were 25 crossbred and 25 buffalo bulls under test during the year. The breeding values of the top proven buffalo and crossbred bulls are given in Tables 3 and 4.

NDDB is implementing a progeny testing programme at Rohtak for Murrah buffalo bulls. As part of this endeavor, NDDB has taken over the semen station of Haryana Dairy Development Cooperative Federation (HDDCF) and handed it to Sabarmati Ashram Gaushala for management. Production of the semen doses for test inseminations would commence from next year.

Above Crossbred bull calves produced through nominated mating in PT villages of Sabarkantha Milk Union.


Elite crossbred calves produced through nominated mating in PT villages of Sabarkantha & Surat Milk Unions


Above Cow-340006461812, Sire-Janak, Dam-340006060543, First Lactation Yield:4560 kg

Above Cow-78677313, Sire-Janak, Dam-340002622583, Best Lactation Yield:5675 kg

Elite daughters in PT villages of Surat Milk Union

SAGB has targeted a production of 17 million frozen semen doses by the year 2015-16. To achieve the stated level of production, the total requirement of bulls for semen collection will increase substantially. The number of bulls produced by bull production unit and progeny testing programmes which are the main sources of bulls for SAGB, would not suffice its requirement. Hence, nominated mating/embryo transfer in selected farms and farmer’s herd has been given added impetus to meet the additional requirement of breeding bulls.

(c) Bull production from the field programmes

AboveFlushing at farmer’s homestead.

AboveBull calves at Pre-quarantine station, Anand.


To facilitate early procurement of bull calves (less than 3 months) produced in the field, a pre quarantine station has been established at Anand. The bull calves procured are maintained at the facility till they attain 3 months of age. During this period, the calves are weighed on a fortnightly basis to monitor the growth and screened against all important diseases like, TB, JD, Brucellosis and IBR, as per the disease testing protocol. Disaese free calves are shifted to Quarantine station, Ahmedabad.

Frozen Semen Production

There is growing need of bovine frozen semen doses for artificial insemination across India. It is estimated that, by 2021-22 the demand would increase to 140 million doses in India. Considering the targets of AI and semen production envisaged in the National Dairy Plan, SAGB is targeting to produce and sell 17 million semen doses by the year 2015-16.The existing semen production facilities at Bidaj are being further strengthened to achieve the stated targets.

SAGB’s persistent pursuit for excellence in semen production and improved technologies led to a record production of frozen semen doses, which touched 80.5 lakh during the period under report.

The sale of frozen semen also witnessed an unparalleled growth with an all time high of 94.25 lakh doses during the year. In addition, semen doses were exported to Vietnam.

Other highlights of the year include:

customers. As part of this endeavor, a Computer Assisted Semen Analyzer (CASA), a novel quantitative method for determining the motion characteristics of spermatozoa, was installed at the Sales Office, Ahmedabad. CASA would provide the much needed objectivity, accuracy, precision, reliability and repeatability in assessment of semen quality.

Further, to manage the organization’s interactions with the customers, SAGB initiated steps to organize, automate, and synchronize business processes — principally sales activities and also marketing, customer service and technical support. Other functions would be integrated into the module in a phased manner.

Production of 10.56 lakh semen doses in March, 2011 which is the highest for a month so farSale of 13.22 lakh doses in March, 2011 which is the highest in a month so far

Doses in lakh

Year

0

5

10

15

20

25

30

35

40

45

50

55

2003-04 2004-05 2005-06 2006-07 2007-08

FSD producedFSD sold

36.0732.61

39.2535.90

45.7544.03

49.22

38.50

50.83

43.45

2008-09

60

65

70

7572.00

66.30

2009-10

80.53

73.71

80

85

II Frozen semen production

AboveCASA - Building customer confidence through introduction of new technology for semen evaluation.

SAGB has always remained in the forefront for adopting technologies and extending it for the benefit of its


2010-11

94.25

80.50

90

95

100


LeftSales office, Ahmedabad.

AboveEducating villagers about animal husbandry.

During the year epidemiology and disease surveillance in the villages around the farm were further strengthened. This involved ear tagging of all animals in the villages, maintaining database, vaccination and disease screening

of animals and educating the farmers about animal husbandry. The activity has not only enforced farm biosecurity but served to improve the welfare of the farmers and their animals.

Fodder harvesting using Reaper-binder


III Fodder farm operations

SAGB holds agricultural and non-agricultural land in 11 villages spread over three talukas of Ahmedabad and Kheda districts. These lands are utilised exclusively for fodder production to meet the nutrient requirement of animals and to produce/multiply fodder seed.

During the year, SAGB farms produced 8530 MT of green fodder surpassing the production in previous years. Out of this, 680 MT green fodder was conserved as hay and 257 MT as silage to ensure round the year supply of quality roughages to bulls maintained at the semen station.

Some of the new initiatives in fodder production during the year are listed below:

(a) Fodder production

AboveMechanized spraying of manure.

Ground water rechargingA pilot project to recharge ground water was taken up at Bidaj to improve ground water quality. In future, similar projects would be taken up at other farms which would not only benefit SAGB but also nearby farmers.

Farm mechanizationMachines, having attachments like reaper, reaper binder and sprayer, ideal for small land holdings were introduced which helped to totally mechanize fodder production at SAGB. Imported machines were also modified for customized operations like hay bailing of fodder crops. Consequently, the hay production at SAGB farms is now completely mechanized.

Organic fodder productionTo minimize the use of chemical fertilizers, organic fodder production was started in 20 acres of land at Bidaj. The area under organic farming would be increased in a phased manner in the ensuing years.

Introduction of new crop varietiesVarietal trials with crops like sugar beet and inter cropping of Hybrid Napier with cowpea and oats were taken up with promising results.

SAGB is also engaged in fodder seed production as a parallel activity for the last two decades.

Large-scale seed multiplication is undertaken through registered seed growers exclusively selected under this programme. Stringent quality control is carried out

(b) Fodder seed production

at every stage of seed production. Based on demand, the focus was on production of lucerne seed. The raw seed procured from growers was processed at SAGB’s seed processing plant and packed in convenient packs. During the year, the production and sale of lucerne seed were 39.00 MT and 31.60 MT respectively.

AboveFodder seed production through contract farming.



Audited Accounts

B C M AssociatesChartered Accountants402/403 Janpath, 4th FloorNear LIC, Opp. Nehru Bridge Ashram Road, Ahmedabad – 380009

Auditors’ Report

We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit.

In our opinion, proper books of account as required by law have been kept by the unit so far as appears from our examination of the books.

The Balance Sheet and Income and Expenditure Account dealt with by this report are in agreement with the books of account.

In our opinion and to the best of our information and according to the explanations given to us, the accounts read with the notes thereon give the information required by the Bombay Public Trust Act, 1950 in the manner so required and give a true and fair view:

(a) In the case of the Balance Sheet, of the state of affairs of the unit as at 31st March 2011; and(b) In the case of the Income and Expenditure Account, of the Excess of Income over Expenditure for the year ended on 31st March, 2011.

(1)

(2)

(3)

(4)

Place : Ahmedabad.Date : 26th September, 2011

For B C M ASSOCIATESChartered Accountants

Bharat C. Mehta

Proprietor

We have audited the attached Balance Sheet of SABARMATI ASHRAM GAUSHALA (A unit of Sabarmati Ashram Gaushala Trust), Harijan Ashram, Sabarmati, Ahmedabad as at 31st March 2011 and the Income and Expenditure account for the year ended on that date annexed hereto. These financial statements are the responsibility of the trustees. Our respon-sibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by trustees, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

Further to the above, we state that:

Sabarmati Ashram GaushalaManaged by

National Dairy Development Board, Anand

Balance Sheet as at 31st March 2011

Sources of Funds

Capital Grants received Reserves and Surplus Unsecured Loan (NDDB)Project Accounts

Application of Funds

Fixed AssetsInvestments (At Face Value)

Current Assets, Loans and AdvancesLess:

Net Current Assets

Significant Accounting Policiesand Notes on Accounts

For BCM ASSOCIATESChartered Accountants

Bharat Mehta Proprietor Place: AhmedabadDate: 26th September, 2011

31.3.2011Rs.

31.3.2010Rs.

Total

Total

26,594,74883,114,56715,125,7511,640,436

126,475,502

69,861,51610,300,000

46,313,986

126,475,502

Rs.

65,561,53119,909,318

661,773

26,924,48482,512,01910,359,8032,898,607

122,694,913

53,824,01420,300,000

69,688,13822,717,043

-1,599,80448,570,899

122,694,913

M B PatelOfficer (Accts/Admn)

Y Y PatilMemberManagement Committee

K R Trivedi Member Management Committee

C P DevanandGeneral Manager G K SharmaMemberManagement Committee

D Tikku Vice Chairman Management Committee

Amrita Patel Chairman Management Committee

Place: Anand Date: 26th September, 2011

Current Liabilities and ProvisionsBalance in current account withNational Dairy Development Board



Sabarmati Ashram GaushalaManaged by

National Dairy Development Board, Anand

Income and Expenditure Account for the year ended on 31st March 2011

Particulars

Income

SaleInterest on InvestmentsIncome/Loss on sale of Fixed Assets (Net)Other IncomeIncreased/(Decreased) in inventories

Expenditure

Purchase of SeedsSperm Station ExpensesBull Production Unit ExpensesFodder Production ExpensesSalary & Wages Administrative ExpensesDepreciationLess: Recouped from Capital Grants

Excess of Income over Expenditure for the yearLess: Provision for Income tax Surplus for the year after taxBalance of Income and Expenditure Account of previous year brought forwardSurplus in Income & Expenditure Account

Significant Accounting Policiesand Notes on accounts For BCM ASSOCIATESChartered Accountants Bharat Mehta Proprietor Place: AhmedabadDate: 26th September, 2011

2010-11Rs.

2009-10Rs.

Total

Total

Total

118,576,0031,409,689

10,3716,875,885

-7,095,964119,775,984

5,711,35441,073,3637,818,8657,635,582

37,949,98013,140,717

5,789,262119,119,123

656,8610

656,861

63,841,14164,498,002

Rs.

6,173,383-384,121

99,046,1972,841,489

-7985,006,538-298,154

106,595,272

2,901,53732,941,2547,358,2586,471,524

35,274,57515,783,7395,797,511-443,863

5,353,648106,084,535

510,7370

510,737

63,330,40463,841,141








Significant Accounting Policies and Notes on Accounts

1)

(A) Siginificant Accounting Policies

Method of AccountingThe financial statements are prepared under the historical cost convention, on accrual basis of accounting to comply in all material respects, with the mandatory accounting standards as notified by the Institute of Chartered Accountants of India and in conformity with accounting principles generally accepted in India (‘Indian GAAP’) as applicable, and the relevant provisions of the Bombay Public Trust Act, 1950. The accounting policies have been consistently applied by the Trust; and the accounting policies not referred to otherwise, are in conformity with Indian GAAP.

2) Use of estimates The presentation of financial statements in conformity with the Indian GAAP requires the management to make estimates and assumptions to be made that may affect the balances of assets and liabilities and disclosures relating to contingent liabilities as at the date of the financial statements and the reported amounts of incomes and expenses during the reporting period. Although these estimates are based upon management’s best knowledge of current events and actions, actual results could differ from those estimated.

3) Inventories(a) The animals transferred free of cost from closed

projects of Bull Production Unit and Sperm Station are valued @ Re. 1 per animal for statistical purpose. Farm born animals are valued at cost estimated by the management. The animals purchased are valued at cost.

(b) The embryos transferred free of cost from closed Embryo Transfer project are valued @ Re.1 per embryo for statistical purpose. Farm developed embryos are valued @ Rs. 3,500 per embryo which is the realizable value.

(c) The semen doses are valued at lower of the annual average cost or net realizable value.

(d) The stock of fodder/seeds is valued at 80 % of Net Realisable Value as estimated by the management.

(e) Stores and Spares and Cattle Feed are valued at cost.

4) Fixed Assets and Depreciation(a) Fixed assets are stated at cost, less accumulated

(b) Depreciation is provided for at the rates prescribed in the Appendix I to the Income tax Rules, 1962. Assets acquired during the year and having cost of Rs.5,000/- or less are fully written off.

5) Retirement Benefits(a) Liability in respect of Provident Fund and Family

pension Fund is accounted on Accrual Basis. The contributions are made to Trust administered by Trustees. SAGB is liable to contribute short fall to maintain the interest payable to the members at the rate declared by Government on Provident Fund. The trustees of the PF Trust do not envisage any shortfall in the foreseeable future. In view of above, contributions towards Provident Fund are considered as defined benefit plan.

(b) Gratuity is accounted for on actuarial valuation using the projected unit credit method determined at year end. The Trust has set up a gratuity trust to handle the gratuity liability towards the employees. The process of approval of the gratuity trust under Part III of the schedule IV to the Income tax Act, 1961 (the Act) is initiated. The trust has taken master policy from LIC to cover the liability of gratuity. Gratuity is a defined benefit and contributed to Life Insurance Corporation of India. The same is considered as defined benefit plan. However, pending the approval of the gratuity trust under the Act, the SAGB has not made any provision for gratuity payable to the gratuity trust. The amount of gratuity liability not provided for is not ascertained.

(c) Liability in respect of unearned eligible leave is determined on actuarial valuation using the projected unit credit method and remains unfunded. The same is considered as defined benefit plan. Till 31st March, 2009, the trust had made the provision for the liability in respect of unearned eligible leave accordingly. However from 01.04.2009, the trust has accounted for the encashment of unearned leave as and when paid. No provision has been made for the liability accrued for the year under report. The amount of liability for leave encashment not provided for is not ascertained.

depreciation. Cost includes all expenditure necessary to bring the asset to its working condition for its intended use.



8) Revenue RecognitionRevenue is recognised to the extent it is probable that the economic benefits will flow to SAGB and that the revenue can be reliably measured.(a) Sales are net of discounts and are accounted on

despatch of goods.(b) Insurance claims are accounted for as and when

received.(c) Fodder products are accounted for only after

harvesting. Standing crop of fodder is ignored for the purpose of preparing financial statements.

(d) Interest is recognised on a time proportion basis taking into account the amount of investment outstanding and the rate applicable.

9) SAG has undertaken on management basis the operations of semen station at Rohtak under an agreement with NDDB. The commercial production of the semen station has not yet started. The SAG has incurred expenditure on the semen station amounting to Rs. 8,04,472 on this unit during the year. As this is an expansion of an existing activity and not a new activity, SAG has treated this expenditure as revenue expenditure and charged to the Profit and Loss account.

(B) Notes On Accounts

1) Government Labour Officer, Nadiad, has issued notice for payment of bonus under the Payment of Bonus Act, 1965 to the employees/workers for the year 1994-95. SAG has filed a writ petition in the High Court of Gujarat, contending that the provisions of the payment of Bonus Act, 1965 are not applicable to SAG. The High Court of Gujarat has granted stay pending final disposal of the petition. The management does not anticipate any liability towards bonus as outcome of the petition and hence no provision is made for the same. The amount of the contingent liability on this account for the years 1994-95 to 2010-11 has not been ascertained.

2) Preparation of Fixed Asset records and physical verification of fixed assets therewith is being carried out. The discrepancies, if any noticed during verification, between book records and physical assets will be dealt with as and when ascertained. Subject to this, amounts as appearing in books of account for fixed assets are stated at cost after providing depreciation.

6) InvestmentsInvestments are stated at cost. As at the date of the Balance Sheet, the cost and the face value of the investments is the same and hence no premium/discounts are to be amortised as at the date of the Balance Sheet.

7) Capital GrantsGrant received in kind in form of capital assets and grants received for acquisition of capital assets upto 31.03.2003 are treated as capital reserves. From 01.04.2003, the capital grants related to depreciable assets are treated as deferred income, which is recognized as income to the extent of proportionate depreciation and shown by way of deduction from depreciation.

10) The work of setting up a second semen station at SAG Bidaj is under progress and is being carried out by the NDDB under a turnkey agreement with SAG. The progressive payments made to NDDB under the turnkey agreement are treated as work in progress. The NDDB under the turnkey has also been financing the project to the extent of 75% of the project through an interest bearing term loan. SAG has treated the interest paid

to NDDB during the period of construction as revenue expenditure and charged it to the profit and loss account on the ground that this also is an expansion of an existing activity and not a new activity. The interest for the year is Rs. 8,11,571 and the total interest upto the date of the balance sheet is Rs. 27,87,510.

11) Consequent to insertion of proviso to section 2(15) of the Income tax Act,1961, as an abundant precaution, the SAG has furnished alternate computation of income assuming that the exemption under section 11 is not available and has paid the tax on self assessment. However, the SAG contends that its income is exempt under section 11 of the Income tax Act, 1961 and the insertion of proviso to section 2(15) does not affect the position of SAG vis a vis income tax liability. SAG has not made provision for income tax in the financial statements. None of the assessments of SAG are completed till the date of finalization of these accounts.

Contingent Liabilities

5) SAG has been implementing as a nodal agency a field based programme titled “Dairy Herd Improvement Programme Action project (DIPA)” introduced by NDDB with the financial support of four co-op. Milk Unions

6) Similarly, the SAG has also been implementing as a nodal agency another field based programme titled “NDDB SAG Progeny Testing of HF Crossbred and Murrah Buffalo Bulls project” to be financed by NDDB and implemented by co-operative Milk Unions and SAG. The total expenditure for the year for the project is Rs. 90.81 lakhs (Previous Year Rs. 53.84 lakhs). The expenditure incurred under the project and reimbursement received from NDDB is not incorporated in the financial statements of SAG. The details are annexed separately to these accounts.

7) Previous year’s figures have been regrouped and rearranged wherever necessary.


For BCM ASSOCIATESChartered Accountants

Bharat Mehta Proprietor Place: AhmedabadDate: 26th September, 2011








3) Capital work-in-progress includes Rs.5,18,187/- of tube well which has failed. As suit has been filed by the contractor for recovery of balance payment and also a counter suit has been filed by SAG for damages, SAG has not written off the asset in the books of accounts. Similarly no provision is made for the amount, if any, which may become payable to the contractor as outcome of the suit.

4) The closing stock includes the stock of semen doses amounting to Rs. 1,61,84,434 (Previous Year Rs.2,34,82,582). The value represents the value of stock of semen doses as per records of SAG. As per policy of SAG, the physical verification of semen doses is to be carried out once in five years. The last physical verification was carried out during the year 2006-07. No major discrepancy was observed in the physical verification carried out in the year 2006 – 07. The management does not expect any major discrepancy in the next physical verification. However, the adjustments resulting out of the discrepancy, if any, observed at the time of next physical verification shall be dealt with in the accounts at the relevant time.

of the Gujarat. To meet the expenses of the project, all participating unions and SAG have created the corpus fund of Rs. 305 lakhs. The amount of corpus fund is invested in long-term investments. The income generated from the corpus fund, is to be utilized for the expenditure incurred by respective member unions. The corpus fund and the investments made therefrom as well as the income generated from investments and reimbursements to the member unions are not incorporated in the financial statements of SAG. The details of the financial parameters of DIPA are annexed separately to these accounts.


Dairy Herd Improvement Programme Actions Project (DIPA)

Sr. No. Particulars Total upto 31.03.2011Rs.

Total upto 31.03.2010Rs.

I Fund Received

A Amount Received from Unions

Baroda DCMPU Ltd., Vadodara 7,002,170 6,500,000

Panchmahal DCMPU Ltd., Godhra 7,647,266 7,145,096

Sabarkantha DCMPU Ltd., Himatnagar 7,059,015 6,595,473

Sabarmati Ashram Gaushala, Bidaj Farm 5,882,515 5,496,228

Surat DCMPU Ltd., Surat 7,647,266 7,145,096

Total ( A ) 35,238,232 32,881,893

B Income on Investments

Interest on Bank FDRs/Saving A/c 1,566,735 49,7164

Interest on Bonds 972,978 2,055,671

Profit & Loss A/c 198,871 2,425

Incentive/Discount on Investment 214,350 0

Total ( B ) 2,952,934 2,555,260

TOTAL – I 38,191,166 35,437,153

II Fund Utilised

A Investment – Bonds

Bonds –GOI Saving (Tax.) 1,700,000 25,500,000

Total ( A ) 1,700,000 25,500,000

B Investment – FDR

FDR with UBI 33,960,000 9,062,000

Interest Receivable 60,722 674,118

Sabarmati Ashram Gaushala C/A 746,629 0

Total ( B ) 34,767,351 9,736,118

TOTAL – II 36,467,351 35,236,118

III

Reimbursement of expenditure to the unions 0 0

Tax deducted at source 473,299 198,872

Office Expenses 100 50

TOTAL – III 473,399 198,922

TOTAL – II + III 36,940,750 35,435,040

Net Balance ( I ) – ( II + III ) 1,250,416 2,113

NDDB-SAGB Progeny Testing Project

Sr. No. Particulars of Expenditure Total upto 31.03.2011Rs.

Total upto 31.03.2010Rs.

A Expenditure incurred

Data Processing Expenses 466,786 292,776

General Expenses 97,832 36,640

Indigenus Purchase 1,265,992 20,720

L S & Farm Expenses 1,370,022 729,451

Other Expenses 2,919,904 2,727,022

R & D Expenses 1,540,421 715,799

Special Studies 1,034,747 569,541

Training Expenses 85,680 100,669

Vaccination charges 299,854 191,678

Total ( A ) 9,081,238 5,384,296

B Add: Amount brought forward from earlier year 3,231,485 1,532,871

Total (A + B) 12,312,723 6,917,167

Less:

C Reimbursement received from NDDB, Anand and passed on to the respective participants:

Panchmahal DCMPU Ltd., Godhra 1,517,077 1,126,241

Sabarkantha DCMPU Ltd., Himmatnagar 2,557,795 1,088,194

Sabarmati Ashram Gaushala, Bidaj Farm 1,060,935 414,097

Surat DCMPU Ltd., Surat 2,466,351 1,057,150

Total (C) 7,602,158 3,685,682

D Balance outstanding to be reimbursed:

Panchmahal DCMPU Ltd.,Godhra 916,407 719,644

Sabarkantha DCMPU Ltd.,Himmatnagar 542,840 926,895

Sabarmati Ashram Gaushala,Bidaj Farm 2,650,542 762,055

Surat DCMPU Ltd.,Surat 600,776 822,891

Total (D) 4,710,565 3,231,485

Total (C + D) 12,312,723 6,917,167


Officers


Farm Operations

Bidaj Farm

M J Desai - Manager, MSc (Agri) J B Sojitra - Manager, M Tech (AE) M C Patel - Officer, BSc (Agri)N R Rabari - Officer

Mallarpura Farm

H M Bhagat - Officer, BSc (Agri)

Bid Farm

C G Vaghela - Officer, Dipl (Agri)

Dharampura Farm

C M Chauhan - Officer, Dipl (Agri)

Ahmedabad Farm

D S Rathore - Manager, MSc (Agri)

C P Devanand - General Manager, MVSc, MBA

Administration & Accounts

M B Patel - Officer, BCom, LLBA M Gohel - Officer, DME, Post Dipl.(Refri. & AC)K K Satheesan - Officer, BSc (Zoology)K I Patel - Officer, BComJ B Patel - Officer, BComK V Patel - Officer, DCE, CD & Est. V M Patel - Officer, BCom

Bull Production Unit

D V Patel - Manager, MVSc (Anim. Physiology)S D Bhalodia - Manager, MVSc (Micro)J G Bhatol - Manager, MVSc (Obst & Gynaec)

Semen Station

S H Patel - Manager, MSc (Micro)N N Chaudhary - Manager, MVSc (Surg. & Radiology)S R Patil - Manager, MVSc (Gynaec)H C Sharma - Manager, MVSc (Obst & Gynaec)N P Patel - Manager, MVSc (Micro)G S Parmar - Officer, Dipl (Elec)

Systems

D P Mehta - Manager, MCA

Fodder Seed Production

L G Butani - Officer, BSc (Agri)

Statutory: BCM Associates, AhmedabadInternal: Thakur Vaidyanathaiyar & Co, Mumbai

AuditorsUnion Bank of India, Bidaj State Bank of India, Ahmedabad Bank of Maharashtra, AhmedabadBank of Baroda, Nayka Dena Bank, Barejadi

Bankers

Acknowledgement

National Dairy Development Board, Anand for technical, financial and managerial support

National Cooperative Dairy Federation of India, Anand for support in marketing of frozen semen and embryos

Indian Immunological Limited, Hyderabad & Anand Agricultural University, Anand for continuous technical support

Government of India, especially the Department of Animal Husbandry, Dairying & Fisheries, Ministry of Agriculture and

Department of Biotechnology, Ministry of Science and Technology

Sabarkantha, Panchmahal and Surat Milk Unions of Gujarat for implementation of PT project

Government of Gujarat for support in procurement of indigenous cattle and buffaloes for breed conservation

programme

Milk Cooperative Unions/Federations, State Livestock Boards/Agencies for active support and appreciation of breeding

programmes

Sabarmati Ashram Gaushala greatly acknowledges the assistance it received from various institutions especially the:

Head OfficeBidaj Farm, PO: Lali 387 120 District: Kheda, Gujarat, IndiaTel: +91 2694 288580, 288584 Fax: +91 2694 288562 Email: [email protected]: www.sagbidaj.org

Unit OfficeNear Gandhi Ashram, Ashram Road Ahmedabad 380 027 Gujarat, India

Tel: +91 79 27557620 Fax: +91 79 27556088

Email: [email protected]: www.sagbidaj.org

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