DEPT:OF CO-OPERATIVE MANAGEMENT AND RURAL STUDIES, FACULTY OF COMMERCE .

GROUP MEMBERS ASHISH KAMARIA BOBIN BABU CHIRAYUSH DUTIA DHRUMI PATEL KESHA SONI KESHA BHATT MITESH PANCHAL POOJA GAVLI RINO K MATHEW SAGAR GAZMAIR SAGAR JANI SILPA SIVAN TUSHAR

CONTENTS INTRODUTION HISTORY ABOUT IFFCO VISION & MISSION OBJECTIVES APPROACH & COMMITMENT IFFCO VALUES GLOBAL PRESENCE & PLANTS IN INDIA PRODUCTS,AWARDS & MILESTONE GOVERNANCE FEES & TERMINATION , HIERARCHY FUCNCTION & POWERS ECONOMIC ACTIVITY AUDIT E-PROCUREMENT COMMUNICATION & TECHNOLOGY IFFCO DIVERSIFICATION CSR CONCLUSION REFERENCE

INTRODUCTION Indian farmers fertilizers co-operative limited

(IFFCO) was registered on November 3, 1967 as a multi unit co-operative society .On the enactment of the multi state co-operative societies act 1984 & 2002, the society is deemed to be registered as a multistate co-operative society. The society is primarily engaged in production and distribution of fertilizers . The byelaws of the society provide a broad frame work for the activities of IFFCO as a co-operative society. The number of co-operative society associated with IFFCO have risen from 57 in 1967 to 39,824 at present

HISTORY During mid - sixties the co-operative sector in India was

responsible for distribution for 70% of fertilizers consumed in the country. The sector had adequate infrastructure to distribute fertilizers but had no production facilities of its own and hence depend on public/private sector for supplies. To overcome this lacuna and to bridge the demand supply gap in the country. A new co-operative society was conceived to specially cater to the requirement of farmers. It was an unique venture in which the farmers of the country through their own co-operative society created this new institution to safe guard their interest.

VISION To augment the incremental incomes of

farmers by helping them to increase their crop productivity through balanced use of energy efficient fertilizers, maintain the environmental health and to make cooperative societies economically & democratically strong for professionalized services to the farming community to ensure an empowered rural India.

MISSION IFFCO's mission is "to enable Indian

farmers to prosper through timely supply of reliable, high quality agricultural inputs and services in an environmentally sustainable manner and to undertake other activities to improve their welfare”

OBJECTIVES To serve the cause of IFFCO’s mission as stated in the mission document Extend IT enabled services to farmers and cooperatives to promote IT

penetration and improve IT comfort levels in rural India.  To evolve appropriate dissemination strategies for effective use of IT

Enabled Services in Rural India. To extend e-services to cooperative members of IFFCO and in a phased

manner. Provide latest and reliable information and extend other services to all

those actively involved in the development of Indian agriculture and rural development.

Provide necessary information / services for suppliers to IFFCO and achieve e-procurement in a phased manner.

IFFCO APPROACH & COMMITMENT To achieve our mission, IFFCO as a cooperative society,

undertakes several activities covering a broad spectrum of areas to promote welfare of members cooperative and farmers. The activities envisaged to be covered are exhaustively defined in IFFCO’S bye – laws

Our thirst for ever improving the service to farmers and members cooperatives is instable, commitment to quality is insurmountable and harnessing of mother earths bounty to drive hunger away from India in an ecologically sustainable manner is the prime mission. All that IFFCO cherishes in exchange is an everlasting smile on the face of Indian farmer who form the moving spirit behind this mission.

IFFCO VALUES

IFFCO PLANTS IN INDIA

AOLNA(UP) KALOL(GU) KANDLA(GU)

PHULPUR(UP) PARADEEP(OD)

IFFCO GLOBAL PRESENCE

IFFCO PRODUCTS

UREA DAP NPK

AMONIA WSF BIO

MEMBERSHIP No individual membership , Membership is open to

the following:-

National, State, district, regional and primary level Cooperative Federation of agricultural credit / marketing / processing / supply etc.

National Cooperative Development Corporation

Public Financing institutions to the extent required/ requested by the board/ general body of IFFCO

FEES & TERMINATION Fee:- For village level society:- Rs 25/- for others:- Rs 100/-

Termination:- No member is permitted to withdraw any of the shares

held by it in IFFCO or to resign its membership of IFFCO within five years from the date of which it was admitted as a member.

Letter of resignation to be addressed to MD of IFFCO. Decision of board communicated within a period of four

months.

HIERARCHY & FLOW OF INFORMATION

FUNCTIONS & POWERSManaging Committee:- Admission of members. Authorize convening of meetings of the General Body. Recommend annual and supplementary budgets for approval by

general body. Appoint, suspend and remove the Managing Director and Functional

Directors and approve their terms and conditions of service. Raise funds for the business of IFFCO. Authorize persons to sign bills, notes and receipts on behalf of

IFFCO. Appoint trustees, attorneys and agents for the business of IFFCO.

FUNCTIONS & POWERSExecutive Committee:EC is responsible for efficient management of societies. Its powers

and functions are as follows:- To examine and recommend to the board, the estimates of the

budget. To approve all investments proposals of capital nature up to limit

of 1.5 crore. To authorize execution of documents for and on behalf of society. To grant loans to members where amount and repayment terms are

not covered under the service rules of the society. Refer claims and demands by and against IFFCO for arbitration.

FUNCTIONS & POWERSMarketing Sub Committee: This committee is responsible for efficient management of

marketing operations of the society. Its power and functions are as follows:

To formulate and recommend to the board for approval of overall marketing policy for sale of fertilizers and agricultural inputs.

To lay down distribution strategy including the channel and outlets.

To recommend to BOD for approval of matters relating to pricing policy of fertilizers and allied products.

To lay down guidelines for distribution

GENERAL BODYGeneral Body of IFFCO comprises of:-

Members of Board of Directors. One direct delegate who has contributed more than 10 lakhs to the share

capital of IFFCO. The number of such direct delegates(including delegates) should not

exceed 800. Delegates not exceeding 200 are to be elected amongst the

representatives of member societies having shares of less than 1 lakh in each state /UT.

This is done at the rate of one delegate for every 200 member societies.

ECONOMIC ACTIVITY

core function Business plan Structure of finance Distribution of profit

CORE FUNCTION Balanced Fertilizer Programme Soil Testing Labs (Mobile/Static) Socio-Economic Development of Village Human Health Check ups & medicine

distribution Veterinary services Drinking water supply & Watershed Mgmt Assistance to School/School children

BUSINESS PLAN 5 marketing territories Distribution mainly through coop. System Wholesaler- State level Apex Coop Market Federation Supplies to some Agro-industries also 158 IFFCO farmers Service Channel Transportation by rail (88%) Warehousing at godowns of CWC,SWC and Federation

godowns

BUSINESS PLAN

Marketing Central Office

North Central zone (LKW)

U.P, BR, JHKHND, UTKHND

North Zone (CHNDGH)

South Zone (Bangalore)

West Zone (BPL)

East Zone (Kolkata)

Assam, Odisha, W.B

PNB, HAR, RAJ, H.P. J&K AP,TN, KAR, Kerala GUJ, M.P, MAH, CHTSGRH

STRUCTURE OF FINANCE

Sources of fund: admission fee, share capital , loans and

deposits within India and abroad , debentures , bonds and commercial paper , grants-in-aid and donations

No of shares

Face value

Allocated to

90,0000 1lakh NCDC ,Public financing institution, national/ state/regional federation

50,000 10000 District and primary marketing/processing/supply cooperative society

5lakhs 1000 Primary societies of village level

Every member subscribes to at least one share

Basic minimum level of utilization has to achieved to have the rights

IFFCO can receive loan from members and others up to 10 times of its paid up share capital plus accumulated reserves minus losses

Values of shares is paid in one lump sum or installment as per by the law.

DISTRIBUTION OF PROFIT Reserve Funds -25% Cooperative Education fund -3 - 5% Rest is distributed as

• dividend (<=20%) to share holders• rebate on purchase by members and• Building, education, Charity etc

10% is for unforeseen loss Payment of Ex-gratia to employees a/c to schemes of

the board

AUDIT Both internal and external audit Board of directors constitute an

audit committee To oversee the society’s financial

reporting process , financial statement etc

Review the findings of internal auditors and follow up on any irregularities

E- PROCUREMENT

INFORMATION AND COMM. TECH

Wide Area Network up to all Area Level Offices with Corporate Office at Delhi.

All offices of IFFCO are connected with VPN Video Conferencing Facility at maximum Offices. Implemented Successfully the e-procurement system. Application of Integrated Corporate Enterprise in HR,

Finance, Marketing, Transportation & production Multilingual Agri. Information portal and Touch

screen based Kiosks.

IFFCO CSR can be broadly classified into 4 initatives

CONCLUSIONINDIAN FARMERS FERTILIZER COOPERATIVE

LIMTED is the one of the biggest and the most popular company in India. IFFCO provide both quantities & qualities products at good price for farmers. IFFCO, today is a leading player in India’s fertilizer industry and is making substantial contribution to the efforts of Indian Govt to increase food grain production in the country

REFERENCE WWW.Iffco.in WIKIPEDIA INDIAN COOPERATIVES NEWSPORTAL

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