Assignment of Managerial Accounting

8/17/2019 Assignment of Managerial Accounting

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Assignment of Managerial Accounting

Submitted to:

Sir Saleem Baloach

Submitted by:

Shabib Raza

Asim Rasheed

Sara Waheed

Razia Sultana

Group Task:

Report on Fatima Enterprises

Submission date:

0!0"!#0$

Air %ni&ersity 'ultan (ampus



Contents

$) (ompany *n+ormation

• Group ,ro+ile

• (ompany ,ro+ile#) -ision

.) 'ission / -alues

) (ompany 1ierarchy

") Financial 1i2hli2hts

) Balance Sheet

3) ,ro+it and 4oss Account

5) Statement o+ (omprehensi&e *ncome

6) (ash Flo7 Statement$0) SW8T Analysis

•

•



Fatima Enterprises

Group Profile

*n $655 a dynamic and radical person kno7n as 'r) 'ukhtar A) Sheikh had conceptualized his

re&olutionary &ision and laid the stone o+ a 'ultan based or2anization 7hich commenced its

business mainly in su2ar) *n subse9uent years the untirin2 dedicated and missionary zeal / zest

o+ the +ounders o+ 2roup had 7o&en the net o+ (ompanies into 2lori+ied 2ala;y o+ shinin2 Stars

and named it Fatima Group) The substantial Strate2ic bene+its o+ &ertical inte2ration led him and

his associates to consider &enturin2 into the manu+acturin2 +ield o+ Te;tile Su2ar Fertilizers

'olasses Tradin2 'inin2 ,o7er Generation / Transmission Air 4ine and ,ackin2 'aterial

etc)

8&er the years and by the 2race o+ almi2hty Allah the Fatima Group o+ (ompanies no7 proudlystood unparalleled and peerless leader in business 2roups o+ ,akistan) *t ranks amon2st the top

(ompanies o+ ,akistan) The 2roup has stron2 presence in most important business sectors o+ the

re2ion) *t also has the distinction o+ bein2 one o+ the lar2est players *n each sector) The Group

has a remarkable position in the market as 2ood as any multinationals operatin2 locally in terms

o+ its 9uality o+ products ser&ices and mana2ement skills)

Textiles

• Reliance Wea&in2 'ills 4td the +la2ship company o+ the 2roup 7as established in $66$)

*ts annual turno&er appro;) Rs)$$ billion 7ith the production +acility o+ $6#0 spindlesand .. looms) *t is listed on <arachi / 4ahore Stock E;chan2es o+ ,akistan)

Fertilizers

• ,ak Arab Fertilizers 4td is the lar2est +ertilizer comple; in ,akistan 7ith annual

production capacity o+ 53000 'T) *t 7as put into operation in $636) %nder the

pri&atization policy o+ Go&ernment o+ ,akistan the mana2ement o+ the company 7as

taken o&er by Fatima Group on =uly $ #00")

• Fatima Fertilizer (ompany 4td 7as incorporated on # >ecember #00. as a ,ublic

4imited (ompany) Fatima Fertilizer is +ully inte2rated +ertilizer comple; 7ith annual production capacity o+ %rea "00000 (A? #0000 ?, #000 ?itric Acid "00000

and Ammonia "00000) *t is listed on all the Stock E;chan2es o+ ,akistan)

Sugar

Fatima Su2ar 'ills 4imited 7as incorporated as a public limited company in $655) (urrent

production capacity o+ the (ompany is $$000 'T per day)



Trading

Reliance (ommodities @,&t 4imited is a pri&ate limited company incorporated in $66 and

deals in e;port o+ molasses su2ar and other commodities)

Follo7in2 companies are also part o+ Fatima Group:

$) Fatima Ener2y 4td @,o7er Generation

#) Air 8ne @,&t 4td @Air 4ine

.) ,akistan 'inin2 4td @'inin2 / E;ploration) Reliance Sacks 4td @,ackin2 'aterial

Company Profile

Reliance Wea&in2 'ills 4td @RW'4 is a public limited company listed on both <arachi and

4ahore Stock E;chan2es) *t 7as incorporated on April 03 $660 and Securities / E;chan2e

(ommission o+ ,akistan @SE(, 2ranted certi+icate o+ (ommencement o+ Business on 'ay $$660) The (ompany is established 7ith the obecti&e o+ settin2!up a te;tile @Carn / +abric

manu+acturin2 plant) *nitially it started its production as 7ea&in2 unit but later on it also in&ol&ed

in manu+acturin2 o+ yarn) The principal business o+ the (ompany is manu+acture and sale o+

cotton yarn and 2rey 7o&en +abrics)

Authorized (apital o+ the (ompany is to this le&el Rs)300 million 7hich 7as 2radually increased

and subscribed share capital o+ the company stands at Rs).05 million) The production capacity o+

the (ompany is 5$)"0. million meter o+ Grey (loth @"0 ,,* / $6)3#$ million <Gs o+ yam

@#0DS count per annum) 8&er the years plants ha&e demonstrated operational e;cellence 7hich

has become a re+erence +or en2ineerin2 and technical ad&isory companies) >ele2ates +rom (hinaand =apan keep &isitin2 the plant site +or 2ainin2 +irst hand kno7led2e about the 9uality o+

production)

(ompany has de&eloped a special mana2ement team consistin2 o+ hi2hly trained / skilled

personals in their +ields) Special mana2ement team is in&ol&ed in monitorin2 plant per+ormance

de&elopment o+ ne7 proects handlin2 capital in&estment proects ad&isin2 mana2ement on

technical matters and de&elopment o+ a technolo2ical base alon2 7ith consultancy +unctions)

Since $660 special mana2ement team has made tremendous pro2ress in the +ield o+ ,lant

En2ineerin2 ,roect 'ana2ement ,roect Feasibilities and ,roect >e&elopment) The

de&elopment o+ special mana2ement team has reco2nized the need to promote research andtechnolo2ical de&elopment acti&ities)

?early hal+ o+ the members are located at the plant to pro&ide assistance to the manu+acturin2

units and +eedin2 &ital plant data to the 1ead 8++ice +or immediate processin2) Special

mana2ement team is e9uipped 7ith latest computin2 +acilities alon2 7ith 7orld reno7ned

8RA(4E Financial ER, system) This technolo2y enables special mana2ement team to pro&ide

most &aluable assistance to all the departments 7ithin the company) The success achie&ed so +ar



pro&es that the company no7 possesses re9uisite in house capabilities to ensure success+ul

completion o+ lar2e scale proects 7ithin allocated bud2ets and assi2ned proect schedules)

This e;cellent per+ormance is due to hard 7ork and dedication o+ all employees and the

pro2ressi&e approach and support +rom the top mana2ement)

Company’s Vision

To be a (ompany reco2nized +or its art o+ Te;tile and best business practices)

Company’s Mission Values

The mission o+ company is to operate state o+ the art Te;tile plants capable o+ producin2 yarn

and +abrics)

The company 7ill conduct its operations prudently assurin2 customer satis+action and 7ill

pro&ide pro+its and 2ro7th to its shareholders throu2h

• 'anu+acturin2 o+ yarn and +abrics as per the customers re9uirements and market

demand)

• E;plorin2 the 2lobal market 7ith special emphasis on Europe %SA and Fareast)

• <eepin2 pace 7ith the rapidly chan2in2 technolo2y by continuously balancin2

modernization and replacement @B'R o+ plant and machinery)

• Enhancin2 the pro+itability by impro&ed e++iciency and cost controls)

• Recruitin2 de&elopin2 moti&atin2 and retainin2 the personnel ha&in2 e;ceptional ability

and dedication by pro&idin2 them 2ood 7orkin2 conditions per+ormance based

compensation attracti&e bene+it pro2ram and opportunity +or 2ro7th)• ,rotectin2 the en&ironment and contributin2 to7ards the economic stren2th o+ the

country and +unction as a 2ood corporate citizen)



Company’s !ierarc"y



Financial !ig"lig"ts



#alance S"eet



As at $une %&' (&)*



Cas" flo+ Statement

Assignment of Managerial Accounting

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