Professional Documents
Culture Documents
Acknowledgment 02
Abstract 03
Introduction 04
Vision statement 05
Mission statement 05
Core values 05
Financial strategies 06
Product lines 09
Company techniques 12
Conclusion 13
References 14
1
ACKNOWLEDGMENT
Firstly we would thank Allah for giving us the opportunity and the resources to be able to do
something productive with our lives. Without His blessings we would not have been able to
come as far as we have.
Then our sincere thanks to Sir, Rameez for helping us throughout this project. His guidelines
have been very useful for us in preparing this project.
This project would not have been possible without his cooperation and continuous direction.
Last but not the least we would like to thanks our families for their incessant support and
approval.
2
Abstract
This project is about the Engro Foods from the time when Engro foods came up with the idea
of adding a new product line to their already well established and long set of product lines to
the point that they are still heavily promoting their product. We talk about the introduction,
financial strategies, corporate social responsibilities, governance policies, product lines of the
organization.
3
Introduction of ENGRO Foods
Engro Corporation limited (formerly known as Engro chemical Pakistan limited.) is one of the largest
industrial corporations in Pakistan.
Fertilizer
Food
Energy
Chemical
The current market share price of Engro Corporation limited as of June 10, 2011 is PKR 187/- per
share. It starts its operation in 1957as an Esso/ mobil joint venture.
Engro polymer
Engro energy
Engro fertilizer
Engro foods
Engro Foods limited was formed as a wholly owned subsidiary of Engro Corporation in 2005,
Headquartered in Karachi. The plant located at sukkar on 23 acre land, has the raw milk reception
capability of 300,000 liters per day. The plant has been established at a cost of Rs 1 billion which
provides direct employment to 750 peoples.
Engro foods entered the food business through milk processing and sale with the company’s vision to
pursue growth opportunities based on country fundamentals and own strength. It starts its operation
in 2006 and become major player in food industry.
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Mission statement
Build branded business to improve quality of life by offering tasty, affordable and high
nutritional products to our consumers while maximizing stakeholder’s value.
Vision statement
Aim at transforming the company within the five years into firs national food industry giant,
then into regional force and finally into a global player.
Core values
1. Leadership.
2. Innovation.
5
Financial strategies of Engro foods
This condensed interim information has been prepared in accordance with the requirements
of international accounting standard 34 interim financial reporting and provisions of and
directives issued under the ordinance 1984. In case where requirement differ the provisions
of and directive issued under the ordinance have been followed.
Accounting policies
The accounting policies and methods of computation adopted in the preparation of
condensed interim financial information are consistent with those applied in the preparation
of the annual financial statements.
1. Debt
Debt falls into two categories; obtaining a loan or selling bonds
2. Equity
Financing with equity includes selling stock. When investors purchase stock, the
organization receives cash to finance their assets
Investment
Utilize money for the purpose of earning profit in long term or short term securities
Dividends
It is a part of profit which is distributed among shareholders
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Company information for 3 months
31 march 2017
AMOUNT(million) 2016 2017 change
Net sales 11.743 8.812 (25%)
Operating profit 1.656 474 (71%)
Sales % 14.1% 5.4%
Profit after tax 1.108 331 (70%)
Sales% 9.4% 3.8%
Profit per share 1.45% 0.43% (70%)
Financial information
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8
Product line of Engro foods
It launches multiple products
Fruit juices
Milk powders
Flavored milk
1. Olper’s milk
2. Olper’s lite
3. Olpers badam, zafran milk
4. Dairy omung and Dairy Tarang
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Ice cream
10
Engro CSR and governance policies
Engro corporation has been ranked Pakistan’s leading company for CSR, in the first Asian
sustainability Rating (ASR). Engro also achieved the distinction of being the only Pakistani
company included in ASR’s top 50 Asian companies.
Engross major social spending is in the areas of skill development, education, health,
environment, emergency relief efforts and philanthropy.
Governance policies
The board of directors ensures compliance with the code of corporate governance as issued
by the securities and exchange commission of Pakistan
The code primarily helps in establishing a system whereby a company is directed and
controlled by directors in accordance with the best governance practices to safeguard the
interests of the stakeholders. The code emphasizes upon openness and transparency in
corporate affairs and decision making process.
Besides striving for good corporate governance by preventing unnecessary wastage of natural
resources, investing in our human capital and sharing our business gains with all our
stakeholders, we also feel a great sense of responsibility towards our communities.
Following policies encompass some of the different aspects of corporate governance at Engro
Foods:
Anti-restrictive practices
Conflicts of interest
Directorships in other companies
Ethics and business practices
Gifts and business entertainment
Health safety and environment
Human resource management
Insider trading
Internal control system
Procurement of goods and services
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Engro foods techniques
MOTIVATIONAL TECHNIQUES
1. Candid and open culture
2. Recognition
3. Training and outbreaks
4. Work life balance and day care center
5. Compensation programs
6. Benefits given by efl
7. Compensation regarding inputs and outputs
8. Birthdays off
9. Off track policy
10. Employee welfare
12
Conclusion
Engro foods limited have been winning brand of the year’s award of 2006 and 2007.
According to a survey the size of EFL is not that big since EFL is only 13 years old organization.
EFL is leading company in food business and it is being faced with a huge challenge of
diversity as it has fast moving consumer goods. As per the manager, EFL does not really go
thru the theories to motivate the employees are very effective and this organization seems to
make huge market share in the near future.
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Recommendations
A steady person seems to be the most appropriate for a managerial position.
Do not focus too much on existing incentive profiles, since they may not be suited for
the organization
Feedback and communicating with employees and consumers are a great part of the
managerial work task which contributes to increased employees motivation and
consumers satisfaction.
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References
www.investopedia
www.wiekipedia
Company’s reports
Company’s profile
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