2017-2018 DAIRY HEALTH AND NUTRITION INITIATIVE INDIA FOUNDATION
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2017-2018 DAIRY HEALTH AND NUTRITION INITIATIVE INDIA FOUNDATION
Board Members
Dr. Deepak Tikku - Chairman
Mr. Arun Pandhi - Director
Dr. Malavika Chauhan - Director
Sakhi MMPC, Alwar Milk Pourers at Sahajpur MPP
AUDITORS:
Deloi e Haskins & Sells LLP
Chartered Accountants,
Indiabulls Finance Centre,
Tower 3, 27th – 32nd Floor,
Senapa Bapat Marg,
Elphinstone Road (West),
Mumbai – 400 013
BANKER:
HDFC Bank,
Fort Branch, Mumbai – 400 001
REGISTERED OFFICE:
Producers Awareness Programme by C/o Centre for Micro Finance,
Ruhaanii Milk Producer Company, Mansa D – 240, D Block,
Behind World Trade Park,
Malviya Nagar,
Jaipur – 302 017
1
Message from Chairman
Dear stakeholders
Dairy Health and Nutrition Initiative India Foundation (DHANII) was incorporated under
Section 8 of the Companies Act, 2013 on 1st September 2016 to assist in setting up
Producer Companies for upliftment of small and marginalized producers and support their
activities by providing technical and financial support to its members.
A Producer Company combines the institutional and ideological strength of cooperatives –
ownership limited to users; no trading of shares; patronage not capital based – with the
flexibility and autonomy available under Company law.
During the year DHANII facilitated setting up of 3 all women and one mixed gender
producer companies in Rajasthan, U.P. and Punjab. These producer companies on an
average collected about 45,000 kgs of milk per day from about 17000 members spread
over 350 villages. Need based input services like Artificial Insemination, Ration Balancing,
supply of cattle-feed/mineral mixture etc are also provided.
To ensure transparency, the producer companies have established GPRS enabled and
solar power based Data Processor cum Milk Collection units at the Milk Pooling points in
the villages. This ensures that the entire producer payment cycle from testing of milk to
calculation of member payment and finally the transfer of payment due to the members
bank account is done automatically without any manual intervention
Growth of DHANII Supported MPCs Over Years
The above activities would be expanded during the coming year.
I would like to thank Sir Dorabji Tata Trust for their financial and NDDB Dairy Services for
their technical support.
Shri Deepak Tikku
Chairman
(DIN-00064125)
Asha MMPC Bali Board Members on Exposer Visit to Dudu Village
2
Notes Index
Introduction 4
Progress Highlights 2017-18 5
Key Partnerships 6
Key Challenges 6
Notice of Annual General Meeting 7-8
Board’s Report 9 -13
Auditor’s Report 14-15
Balance Sheet 16
Statement of Income & Expenditure 17
Cash Flow Statement 18
Notes forming part of Financial Statement 19-26
26 3Introduction
In India, apart from agriculture-based interventions, livestock is a key source of livelihood for small
and marginal farmers, contributing nearly 16-20% of their annual household income. Given that
around 85% of the Indian farmers have land holding less than 2 hectares1, livestock rearing is
critical for sustainable income2. Further, the returns from livestock especially through dairying are
significant, with regular and assured cash flows. Unlike agriculture, livestock remains fairly
unaffected by the vagaries of nature and natural calamities
, which can have a devastating impact
on farmer incomes and threaten their livelihoods.
Previous year's figures have been regrouped / reclassified wherever
In order to tap the immense potential offered by dairying, Dairy Health and Nutrition Initiative India necessary to correspond with the current year's classification / disclosure.
Foundation (DHANII), was registered on September 1, 2016 as a company limited by Guarantee.
The objective of the Company is to assist in promotion, production and maintenance of quality
livestock and to increase production and distribution of good quality milk and milk products and
to undertake operations with respect to encouragement of related activities. The Company incurs
expenditure by way of giving grants towards objects and programme expenses, which represents
initiatives / activities, undertaken.
DHANII assists financially in establishing Milk Producer Companies which are producer owned
enterprises incorporated under provisions of the Companies Act, 2013 but run on principles of
mutual assistance and managed by professionals. With the support of NDDB Dairy Services
(NDS), DHANII is currently promoting four Milk Producer Companies (2 in Rajasthan, 1 in Uttar
Pradesh and 1 in Punjab). Further a 5th MPC is in the pipe line which would be operationalized
around September, 2018. DHANII is also supporting the linkage of 85 villages of coastal Gujarat
with MAAHI Milk Producer Company Limited for generating income from dairying.
Overall, initial field level implementation support came from the Associate Organizations of the Tata
Trusts in each of the 3 states and therefore, there was no need to deploy human resources
regionally for the ground work, mobilization and facilitation. After the MPCs were set up with
human resource hired, all field implementation are being done through the MPCs. The associate
organizations are helping in the state specific backend plans to support farmers in catchment
areas of these MPCs.
1
Source: Agriculture Census 2010-11, Table No. 14: All India Number and Area of Operational Holdings by Size
Classes (All Social Groups), pp. 51
2
Income from agriculture ranges from 16-34% and wage labour contributes to 16-36% of these households. Source:
Agriculture Economics Research Review Vol. 27 (No. 1), January – June 2014 (pp. 37-48)
4 25Progress Highlights 2017-18
· Four fully functional Milk Producer Companies
1,48,54,476
63,09,989
38,35,387
45,34,277
· 363 villages covering 17,500 milk producers linked with efficient milk procurement system
· 72,300 KgPD of Milk collection in all four MPCs was as on March 31, 2018
· Artificial Inseminations (AI) done in around 11,700 animals for breed improvement
· Over 1,800 animals covered under Ration Balancing Program (RBP)
· 130 Silage demonstrations
· Both Sakhi and Asha MMPC achieving their business break-evens in 2017-18 and now
earning profits
· State specific backend plans by Tata Trusts’ Associate organizations in Punjab, Rajasthan
and U.P. to bring more dairy farmers under the ambit of MPCs
(2,77,300)
17,02,700
19,81,000
(1,000)
24 5Key Partnerships
v NDDB Dairy Services (NDS), New Delhi
v Tata Trusts Associate Organisations
§ Centre for Microfinance, Jaipur
§ Reviving Green Revolution Cell, Ludhiana
§ Tata Trusts , Project Management Unit, Lucknow
6,17,87,000
6,17,87,000
Key Challenges
8,51,840
· To cover more milk producers under the ambit of MPCs, DHANII would need
2,36,000
to promote large size MPCs in the selected states for wider outreach and 3,61,080
impact. As the volumes expected from large MPCs would be huge, so 2,36,329
alternate marketing channels/processing of milk would have be explored. 2,416
1,688
· Currently, DHANII is getting financial support from Tata Trusts for its ongoing 14,762
programmes. In future, it would be crucial for DHANII to raise funds from 221
other sources.
17,04,336
6 23NOTICE of 2nd Annual General Meeting
Notice is hereby given that the Second Annual General Meeting of the Members of Dairy
Health and Nutrition Initiative India Foundation will be held, at shorter notice with the
consent of the Members, on 28th September 2018, at 6:00 PM at 26th Floor, World Trade
5,500
Centre, Cuffe Parade, Mumbai 400005, to transact the following business:
5,500
ORDINARY BUSINESS:
1. To receive and adopt the audited financial statements of the Company including
Statement of Income & Expenditure and the Cash Flow Statement, for the year ended
on March 31, 2018 and the Balance Sheet as at that date, and the Report of the
26,67,837
1,34,00,000 Directors and the Auditors thereon.
2. To consider and, if thought fit, to pass the following resolution, with or without
1,60,67,837
modification, as an Ordinary Resolution:
1,60,67,837 “RESOLVED THAT pursuant to the provisions of section 139 of the Companies Act,
2013, as amended by Companies (Amendment) Act, 2017 and the notification issued
by the Ministry of Corporate Affairs dated 7th May, 2018, M/s. Deloitte Haskins & Sells
LLP, Chartered Accountants (Registration No. 117366W/W-100018), who were
appointed as the auditors of the Company at the Annual General Meeting (AGM) held
on September 28, 2017 for a period of 5 years i.e. until the conclusion of the AGM to
be held in the year 2022, be paid a remuneration of Rs. 2,50,000/- plus applicable
taxes and out-of-pocket expenses for conducting the audit of the accounts of the
22,524 Company for the financial year 2018-19.”
22,524
For and on behalf of the Board
Dr. Deepak Tikku
9,08,21,513 Chairman
15,479 (DIN-00064125)
9,08,36,992 Place: - Mumbai
Date: - September 28, 2018
22 7Notes: -
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED
TO APPOINT A PROXY / PROXIES TO ATTEND AND VOTE INSTEAD OF
HIMSELF/HERSELF. SUCH A PROXY/ PROXIES MUST BE A MEMBER OF THE
COMPANY.
99,710
15,479
For and on behalf of the Board 84,231
Dr. Deepak Tikku
Chairman
(DIN-00064125)
17,02,700
Place: - Mumbai
Date: - September 28, 2018
1,48,54,476
1,00,300
1,49,54,776
99,710 99,710 84,231
99,710 99,710 84,231
8 2120 9
10 19
For the year ended For the period from
31 March 2018 1 September2016
Rs. to 31 March 2017
Rs.
15,479
(54,999)
(39,520)
8,87,285
84,231
1,32,28,576
1,41,60,572
(5,500)
1,41,55,072
(99,710)
32,475
(67,235)
1,40,87,837
1,60,67,837
1,60,67,837
1,60,67,837
18 119,08,36,992
9,08,36,992
6,17,87,000
2,73,30,177
17,04,336
15,479
9,08,36,992
12 1784,231
11,41,085
1,49,54,776
1,61,80,092
1,61,80,092
84,231
5,500
1,60,67,837
22,524
1,61,80,092
16 13INDEPENDENT AUDITOR’S REPORT
To,
The Members of
Dairy Health and Nutrition Initiative India Foundation
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