Welcon Pesticides 2020
Welcon Pesticides 2020
Welcon Pesticides 2020
) Ltd
Executive Summery
Allahdin is a rapidly growing Group of Companies. It started its business in 1994. The
main focus of activities encompasses areas of agrochemicals, seeds & fertilizers. The
group is one of the biggest agrochemical products manufacturer and seller in the country.
The status of the company has been changed from non listed “Public Limited” to “Private
Limited” in this financial year 2007-08.
Marketing Objectives
Target Market
Their target market is the farmer, who has harvesting area in province Punjab.
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Agrinova (Pvt.) Ltd
Allahdin is a rapidly growing Group of Companies. It started its business in 1994. The
main focus of activities encompasses areas of agrochemicals, seeds & fertilizers. The
group is one of the biggest agrochemical products manufacturer and seller in the country.
They say, “We have played vital role in breaking the monopoly of the multinational
giants and have brought down the prices of agrochemicals in the country through
indigenous production and competitive selling”.
Presently with the high level of commitment, hard working and better business strategies
Allahdin Group of Companies is the largest importer of pesticides in Pakistan. Allahdin
Group of Companies is not only distributing pesticides and fertilizers through their own
distribution network but is also supplying a complete range of pesticides and SSP (Single
Super Phosphate) fertilizers to the farmer and dealers. Allahdin Group Of Companies as
group with strong presence in all pesticide segments seized the opportunity to maintain
position as a leader of agricultural business. The prime objective of Allahdin group is to
optimize the technical assistance in a bid to provide the high quality product, prepared at
the most modern manufacturing facility.
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Agrinova (Pvt.) Ltd
The agro chemical division of Allahdin group of companies handles the imports,
manufacturing and sale of about 1/4th share of total business of the country which is
around Rs.2 – 3 billion and this volume is compatible with their competitor M/S Ali
Akber Group of Companies. It means that 50% market share is covered by both the
biggest groups. The rest 50% is covered by multinational and other companies of the
sector.
During next year group plans to expand the business of agro chemicals by 25- 35% both
in imports & manufacturing.
Warble Chemicals (Pvt.) Limited is one of the main pesticide company of Allahdin
Group which came into existence in 1997 with the high level of commitment, hard
working and better business strategies. Warble Chemicals (Pvt.) Ltd is now one of the
largest importers of pesticides in Pakistan. Warble is not only distributing pesticides
through his own distribution network but is also supplying a complete range of pesticides
to a number of local companies.
The objectives behind the establishment were to feed small distribution houses in the
local market. Through this business, unit objective is to give products to small companies
and small multinationals, like ICI, Niche Men etc.
Warble is the first in the pesticide sector to start the formulation facility at Multan (Heart
of Cotton Belt) comprises of high tech formulation plant, filling lines and packaging
facilities with annual capacity 4 million litters.
Warble is equipped with all pre-requisites for meeting the future challenges successfully.
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Agrinova (Pvt.) Ltd
Warble (Pvt.) Limited has Agri-Graduates and a high number of professionally qualified
persons in Sales, marketing, Production, finance & administration.
Welcon Chemicals (Pvt.) Limited is one of the largest pesticide company in Pakistan.
This is incorporated in December 1994 and has 95 qualified staff and experience filed
staff. They said we are one of the most leading Agri Business house in Pakistan. In other
word you can say that we are one of the biggest importer and leading distributors, having
own formulation plant, high tech quality control lab with complete product range.
The objective of the company is to provide quality and competitive priced products from
imports to the technical advisory services for its end users and small distribution houses.
Welcon Chemicals (Pvt.) Limited with strong presence in all pesticide segments are
seizing the opportunity to maintain our position as one of the leaders in Agro-Business.
Its team is consisting of highly professional and skilled. Welcon is operating countrywide
and providing services to the end users, through eight regional and sixty zonal and area
offices.
Weal-Ag is the Pakistan's leading generic manufacturer and distributor of crop protection
products. The group ranks amongst the Pakistan's largest manufacturers of crop
protection chemicals, with a wide range of advanced, environmentally friendly products.
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Agrinova (Pvt.) Ltd
The entity is dealing with the import and marketing of agrochemicals besides, seeds and
fertilizers, also marketed through a chain of retail outlets in the area. The entity enjoys
good credibility for sales of quality products on reasonable rates.
It has been established in 1997 got momentum in coming year very much so the
management decided to import the All kind if Pesticides where it could be available.
AGRINOVA Enterprises is an agriculture distributor company located in Industrial
Estate Multan, South Punjab, Pakistan. The main brands include wide brand range of
Insecticides, Herbicides, Weedicides, Fungicides, Pesticides and quality seeds.
It deals in marketing of Fertilizer in the country. It started its business in February 2008
with paid up capital of Rs. 150.000 million. It is expected that the turn over for next year
would be around Rs. 800.000 millions.
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Agrinova (Pvt.) Ltd
coming cotton season. The turnover for the year ending 30th June 2008 is Rs. 8.525
million and equity Rs. 27.424 million.
Introduction
Agrinova Pvt. Ltd as one of the largest pesticide company in Pakistan. This is incorporate
in December 1994 and we have 75 Agri graduates and 250 experienced filed staff. It is
one of the most leading Agri Business house in Pakistan.
In other word you it can be said that Agrinova Pvt. Ltd is one of the biggest importer and
leading distributors, having own formulation plant ,high tech quality control lab with
complete product range.
The objective of the company is to provide quality and competitive priced products from
imports to the technical advisory services for its end users and small distribution houses.
Agrinova (Pvt.) Ltd with strong presence in all pesticide segments are seizing the
opportunity to maintain our position as one of the leaders in agro- Business.
Its team is consisting of highly professional and skilled. Agrinova (Pvt.) Ltd is operating
countrywide and providing services to the to the end users, through eight regional and
sixty zonal and area offices.
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Agrinova (Pvt.) Ltd
Mission
Mission is to improve the quality of life by manufacturing and marketing of the pesticides
products. Company will achieve it by reducing the cost of pesticides products while
striving hard to maintain high quality.
Vision
To be the National wide leader in providing pesticide products and combined solutions
for pesticide sector.
MANAGEMENT PHILOSOPHY
“Agrinova (Pvt.) Ltd is committed to ensuring the safe and plentiful harvest of tomorrow.
A global population grows and society became so industrialize, it demands more food
from less land, plants, to meet these changing needs, the organization is dedicated
discovering and developing innovative solutions for sustainable agriculture, applying
advanced potential through effective crop protection. As we believe in protecting and
improving the quality of human life, we are strongly committed to develop and
manufacture cost-effective pesticide products.”
CORE VALUES
“At Agrinova (Pvt.) Ltd comprehend core values to be the most significant factor leading
to the existence and growth of this prestigious organization.
How Agrinova (Pvt.) Ltd accomplish our mission is as vital as the mission itself. Thus
these values are not only on paper and pen but lounge deep in the heart of each individual
working or associated with Agrinova (Pvt.) Ltd”
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CORPORATE INFORMATION
Audit Committee
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Departmentalization
2. Finance Department
3. Marketing Department
4. Sales Department
7. Production Department
9. Marketing Department
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Agrinova (Pvt.) Ltd
Introduction
In Agrinova (Pvt.) Ltd Human Resource department is helping people and organization to
reach their goals. Along the way, the department is facing many challenges arising from
the demands of the employees, the organization, and society. The domestic and
international environments are particularly turbulent because of the growing diversity of
the workforce and the globalization of businesses. Challenges also result from
ever-changing laws, especially laws that address the need for equal employment
opportunity. Within these constraints, the human resource department is contributing in
the organization's "bottom line" in ways that are both ethical and socially responsible.
The main objectives of Human Resource Management are not only to reflect the intention
of senior management, they also must balance challenges from the organization, the HR
function, society, and the people who are affected. Failure to do so can harm the firm's
performance, profits, and even survival. These challenges spotlight some objectives that
are:
Organizational Objective
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Recruitment is the process of searching for prospective employees and stimulating them
to apply for jobs in the organization.
Recruitment Process
In general the sources of recruitment can be classified into two types:
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1). Advertising
2). Employment Agencies
3). Casual Applications
4). Leasing
The Hiring Procedure
In the hiring procedure, Agrinova (Pvt.) Ltd is considering the following steps to discover
significant information about an applicant:
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In Agrinova (Pvt.) Ltd both human resource directors and other managers play critical
role in the development of orientation programs. Human resource managers have
assumed leadership in developing such programs.
After the selection of successful employees the first step in their introduction to company
policies, practices and benefits is an orientation program.
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In these expenses only production expenses was dealt by Sir Sarfaraz khan while
Production wages were dealt by sir Dilawer Abbas. Along with this I also analyzed the
trend and percentage change of these expenses. Similarly sir Manzoor also told me about
the accounts payable and general ledger activities i.e.
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Employees Services
Bonus
After the completion of two years of service, salesmen and helpers are entitled to bonus
(if any) to be paid at the end of each year.
Provident Fund
After completion of one year's service, a Manager will be entitled to become the member
of Provident Fund.
a). The Manager will deposit every month 6% of his actual pay to his PF.
b). After five years of continuous contribution by the manager, he will be entitled for
100% of company's contribution.
Annual Leaves
An employee after completion of one year of service will be entitled to the following
leaves:
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Promotions
The manager on transfer from one station to another will be entitled to the following
allowances:
a). Actual transport fare for him and his family.
b). One day daily allowance for himself.
c). Average salary for the period in between handing over and taking over of the
charge.
Demotions
An employee may be demoted on showing bad performance. Not only the low level
employees but the managers are also demoted if the required targets are not achieved in
repeated year.
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Agrinova (Pvt.) Ltd
System of Communication
Formally defined a Company structure is the system of communication and authority that
links people and groups together to accomplish tasks that serve the organizational
purpose.
Structure can be described in the form of an organization chart. Agrinova (Pvt.) Ltd’s
organizational chart shows that it has functional structure.
PROBLEMS ENCOUNTERED:
Little access to system because of confidentiality Busyness of the staff (because
of making company plan).
Very little cross communication (internal communication)
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Opportunities
Threats
Strengths
Weaknesses
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Financial statements are prepared primarily for decision making. Financial Statements
play a dominant role in setting the frame work of managerial decisions but information
provided in the financial statements is not analysis and in it self as no meaning full
conclusions can be drawn from these statements alone. However, the information
provided in the financial statements is of the immense use in making decisions through
analysis and interpretation of financial statements. Financial statement analysis is the
process of identifying of financial strength and the weakness of the firm by properly
establishing a relation ship between the items of the balance sheet and the profit and loss
account. There are various methods used in analyzing financial statements such as
comparative statements, schedules of changes in working capital, common size
percentages, funds analysis and the ratio analysis. The ratio analysis is the most powerful
tool of financial analysis.
Ratio simply means one number expressed in terms of another. A ratio is the statistical
yard stick by means of which relationship between two or various figures can be
compared and measured. The term “Accounting Ratio” is used to describe significant
relationship between figures shown on a balance sheet and profit and loss account of a
company. Thus accounting ratios show the relationship between accounting data. It may
be expressed in the form of percentage, coefficient, proportion and rate.
Who is Interested in Financial Analysis of Company?
Ratio analysis of a firm’s financial statements is of interest to share holders, creditors and
the firm’s own management. Both current and prospective share holders are interested in
the firm’s current and future level of risk and return, which directly affect the share price.
The firm’s creditors are interested in the short term liquidity of the company and its
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ability to make interest and principal payments. A secondary concern of creditors is the
firm’s profitability: they want assurance that the business is healthy. Management like
stake holders is concerned with all aspects of the firm’s financial situation, and its
attempts to produce financial ratios that will be considered favorable by both owners and
creditors. In addition management uses ratios to monitor the firm’s performance from
period to period.
1. Liquidity Ratios
Current Ratio
Acid Test Ratio
2. Profitability Ratios
Gross Profit Ratio
Net Profit Ratio With Respect to Sales
Operating Profit Ratio
Cost of Sales to Sales Ratio
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Financial Statements
Current Assets
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Now I will analyze some important factors like liquidity, profitability, long term solvency
and activities of firm with the help of ratios which are usually brought under observation
by the creditors, investors, management and other stake holders.
Ratio Analysis
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PEST Analysis
Political:
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Agrinova (Pvt.) Ltd
In the year 2018 when the company established there was a huge economic boom in our
economy. Every type of business was growing with the good rate. As the economic
activities going to slow down the competition is going more and more condensed. And
the political scenario also creates the lot of hurdles for the company. Like the company
was planning to start their business in the Khyber Pakhtunkhwa province but due to the
political scenario the company postponed its project to launch their plant and regional
offices in the province. Like this way many political hurdles create huge problems for the
company.
Economic:
Economic variation also put impact on the company performance but still company
survive its good position and contribute good to the economy of Pakistan. Economic
changes like new taxes or government implications has huge impact on the firm like taxes
or implications like having the agriculture graduates causes increases in the cost of the
firm and its price policy that cause the change in the financial position of the company.
Social:
Company accepts social changes very early. The reason behind is that they hired their
sales force and marketing force from all the relevant areas which they are targeting.
Social changes affecting the company and the changes made by company affecting them
by affecting their financial position. But if we see on the side of corporate social
responsibility the company is not focusing. Not a single program is running for the
welfare of the people. Company must focus on this side. They should make a plan to
dispose their waste and try not to harm the environment.
Technology:
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Agrinova (Pvt.) Ltd
If we see on the technological advancement of the firm the firm is far behind and
company is not focusing on this side. They should have the online system with in all
offices. They do not have the environment control storage facility and our national
environment has great variation which affects the formulation of the pesticides. And the
lack of environment control storage facility cause damage to the medicine. And if they
have online system and coordination between the offices it will increase their
performance.
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Agrinova (Pvt.) Ltd
In my completely study / survey of pesticides market in the lower Punjab & especially
around the Multan region.
1) The market behavior has been tremendously changed from credit to cash
basis.
2) Due to large number of multinational, national & generic companies a
perfect competition is available in the market.
3) Buyers (Dealers & Farmers) are fully aware about the product, function &
prices due to competition of the market.
4) Company has its marketing plan but it is not up to the mark.
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Recommendation:
In the light of my research following recommendations are suggested.
ii) Agrinova (Pvt.) Ltd should have to launch employee awareness training
Programme through off the job training. These programmers must clearly define
company goals and bring about awareness of corporate culture of Agrinova (Pvt.) Ltd
amongst the less educated employees.
iii) They should have to train their employees according to the
macro-environment of the country.
iv) It is also suggested that Agrinova (Pvt.) Ltd should have to hire professional
trainers to distinct their employees from their rivals.
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Agrinova (Pvt.) Ltd
Table of Contents
Executive Summery.............................................................................................................1
Marketing Objectives.......................................................................................................1
Target Market..................................................................................................................1
The Group and its Associates..............................................................................................3
i)- Warble Chemicals (Pvt) Limited................................................................................3
ii)- Welcon Chemicals (Pvt) Limited..............................................................................4
iii)- Weal-Ag. Corporation..............................................................................................4
IV) M/s Agrinova............................................................................................................5
v)- Al-Hamd Chemicals (Pvt) Limited............................................................................5
Vi- Nasco Industries......................................................................................................5
Agrinova (Pvt) Ltd...............................................................................................................6
Introduction......................................................................................................................6
Mission................................................................................................................................7
Vision...................................................................................................................................7
Departmentalization.............................................................................................................9
HUMAN RESOURCE DEPARTMENT..........................................................................10
Introduction....................................................................................................................10
Objectives of Human Resource Department.................................................................10
Recruitment and Selection.............................................................................................11
Recruitment Process......................................................................................................11
Training and Development............................................................................................13
Accounting and Finance Department & My Internship activities:...................................14
Week 1st Procurements department :..........................................................................14
Week 2nd : Studying Stores Department.......................................................................14
Week 3rd PRODUCTION EXPENSES & SPARES INVENTORY:...........................15
4th Week: Studying ACCOUNT PAYABLE:..............................................................15
Week 5th : Salary Administration..................................................................................16
Week 6th and 7th : Fringe Benefits:................................................................................17
Week 8 th : GENERAL LEDGER (G/L) SECTION:....................................................18
PROBLEMS ENCOUNTERED:...................................................................................18
Financial Statement Analysis (Accounting Ratios)...........................................................21
ANALYSIS OF ACCOUNTING RATIOS...................................................................25
PEST Analysis...................................................................................................................27
Conclusions & recommendation for improvement............................................................29
Recommendation:..............................................................................................................30
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