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Project Report On ( PAKISTAN

TELECOMMUNICATION COMPANY LIMITED

By

Department Of Business Management Faculty Of Sciences Faisalabad Institute Of Textile &Fashion Design Faisalabad

)

“An

project

in

report

partial

fulfillment

requirement for Bachelor in Business & Administration

“To our

submitted

of

to

the



whose unconditional love & support helped us in

making this project . To my Teacher

for their

corporation and assistance. To our siblings for their gentle encouragement & valuable support”

• VISION • MISSION • INTRODUCTION • HISTORICAL BACKGROUND • DIRECTOR & SECRETARY • BOARD OF DIRECTORS • MANAGEMENT SUMMARY • PROGRESS SUMMARY • ANALAYSIS OF PERFORMANCE • PERFORMANCE MEAURES • INVESTMENT ANALAYSIS

• FINANCIAL ANALAYSIS

Introduction From the humble beginnings of Posts & Telegraph Department in 1947 and establishment of Pakistan Telephone & Telegraph Department in 1962, to this very day, ours is a story of commitment and vision. Pakistan Telecommunication Corporation (PTC) set sails for its voyage of glory in December 1990, taking over operations and functions from Pakistan Telephone and Telegraph Department under Pakistan Telecommunication Corporation Act 1991. This coincided with the Government's competitive policy, encouraging private sector participation and resulting in award of licences for cellular, cardoperated payphones, paging and, lately, data communication services. Pursuing a progressive policy, the Government in 1991, announced its plans to privatize PTC, and in 1994 issued six million vouchers exchangeable into 600 million shares of the would-be PTCL in two separate placements. Each had a par value of Rs. 10 per share. These vouchers were converted into PTCL shares in mid-1996. In 1995, Pakistan Telecommunication (Reorganization) Ordinance formed the basis for PTCL monopoly over basic telephony in the

country. It also paved the way for the establishment of an independent regulatory regime. The provisions of the Ordinance were lent permanence in October 1996 through Pakistan Telecommunication (Reorganization) Act. The same year, Pakistan Telecommunication Company Limited was formed and listed on all stock exchanges of Pakistan

Since then, PTCL has been working vigorously to meet the dual challenge of telecom development and socio-economic uplift of the country. This is characterized by a clearer appreciation of ongoing telecom scenario wherein convergence of technologies continuously changes the shape of the sector. A measure of this understanding is progressive measures such as establishment of the company's mobile and Internet subsidiaries in 1998. As telecommunication monopolies head towards an imminent end, services and infrastructure providers are set to face even bigger challenges. Pakistan also entered post-monopoly era with deregulation of the sector in January 2003. On the Government level, a comprehensive liberalization policy for telecom sector is in the offing. PTCL is in full awareness of the same, and future policies feature a strong conviction of healthy competition. The company is in process of enhancing organizational and business proficiency through vertical integration and horizontal diversification. At the same time, cross-national ownerships, operations and partnerships are being evaluated with a view to developing and diversifying the business.

Historical Background 1947

Posts & Telegraph Dept. established

1962

Pakistan Telegraph & Telephone Deptt.

1990-91

Pakistan Telecom Corporation ALIS: 850,000 Waiting list : 900,000 Expansion Program of 900,000 lines initiated (500,000 lines by Private Sector Participation 400,000 lines PTC/GOP own resources).

1995

About 5 % of PTC assets transferred to PTA,FAB & NTC.

1996

PTCL Formed listed on all Stock Exchanges of Pakistan

1998

Mobile & Internet subsidiaries established

2000

Telecom Policy Finalized

2003

Telecom Deregulation Policy Announced

President & Company Secretary

Name

Designation

Mr. Walid Mohamed Ahmad Suleiman President & CEO Irshaid

Ms. Farah Qamar

Company Secretary

Board of Directors

Mr. Farrakh Qayyum Chairman PTCL Board Secretary IT, Ministry of Information Technology Government of Pakistan Islamabad

Mr. Abdulrahim Abdulla Abdulrahim Al Nooryani Executive Vice President Contracts and Administration

Mr. Tanwir Ali Agha Secretary, Ministry of Finance Government of Pakistan

Etisalat, UAE

Islamabad

Mr. Abdulaziz Ahmed Saleh Ahmed Al Sawaleh

Mr. Noor-ud-Din Baqai

Chief Human Resource Officer Etisalat, UAE

Member (Telecom) Ministry of Information Technology Government of Pakistan Islamabad Mr. Ahsanullah Khan Ambassador Embassy of Pakistan Abu Dhabi, UAE

Mr. Fadhil Mohamed Erhama Al Ansari General Manager Networks Services Etisalat, UAE

Mr. Abdulaziz Hamad Omran Taryam

Mr.Saood hamad Al Junaibi

General Manager Northern Emirates Etisalat, UAE

Ms. Farah Qamar Company Secretary PTCL Headquarters, G-8/4 Islamabad

Top Management

Mr. Walid Mohamed Ahmad Suleiman Irshaid (President & Ceo)

Senior Executive Vice Presidents

Mr. Salim Al Akbary SEVP HR & Admn

Mr. Mashkoor Hussain SEVP Operations

Mr. Amiruddin SEVP Information Technology

.

Mr. Akhtar Hanif Aziz SEVP Special Project

Executive Vice Presidents

Mr. Zomma Mohiuddin EVP Corporate Strategy

Mr. Jamil A.Khwaja EVP Corporate Services

Mr. Muhammad Iqbal Waseem Syed Ali Qadir Gilani EVP Business Development EVP Corporate Communications

Mr. Muhammad Faiz-urRehman EVP Accounts

Mr. Sher Bahadar Khan EVP International Business Relations

CH. Shaukat Ali EVP (ADMN)

Mr. Shaukat Hayat EVP Development

.

Mr. Zubair A. Tonio EVP Development (South, Karachi) .

Mr. A.D. Raza EVP Operations(Central, Lahore)

Mr. Nafees Ahmad Siddiqui EVP Operations (South, Karachi)

Mr. Aftab Ahmed Chishti EVP I/Audit

.

Syed Ubaid Hussain Shah EVP Procurement

Mr. Abdul Qayyum EVP Quality Assurance

Mr. Fuad Imran Khan EVP Information Technology

Mr. Pervez Akhtar EVP (T&SP)

Mr. Shabbir Hussain EVP Consumer Services

Mr. Tariq Qureshi EVP Commercial Planning & Support

Mr. PERWAIZ MD TF Islamabad

Mr. NEHMATULLAH MD PTET Islamabad

Mr. GUL BAHADAR YOUSAF ZAI MD TIP HARIPUR

.

Progress Summary of Past Five Years.

PROFIT BEFORE TAXATION:

2001…

RS. (m)

32,132

2002…

RS. (m)

33,329

2003…

RS. (m)

37,588

2004…

RS. (m)

44,034

2005…

RS. (m)

39,751

2006…

RS. (m)

31,310

PROFIT AFTER TAXATION:

2001…

RS. (m)

18,155

2002…

RS. (m)

19,812

2003…

RS. (m)

23,081

2004…

RS. (m)

29,170

2005…

RS. (m)

26,606

2006…

RS. (m)

20,777

Analysis of past and current year performance.

SALES ANALYSIS…

Revenue 80 70 60

RS. (Billions)

2001 2002 2003 2004 2005 2006

50 40 30 20 10 0

2001 2002 2003 2004 2005 2006

PROFIT ANALYSIS…

Operating and Net Profit

45 40 35 30 RS. (Billions)

Operating profit Net Profit

25 20 15 10 5 0

2001

2003

2005

Profitability and Performance Measures.

(G.P) Gross profit Margin:

Gross profit

2006…

39.60

%

Net Profit Margin:

Net Profit

2001…

%

29.26

2002…

%

29.83

2003…

%

34.35

2004…

%

39.35

/ Sales

/ Sales

2005…

%

35.02

2006…

%

30.07

Earning Per Share:

Total Earning

2001…

RS.

3.56

2002…

RS.

3.88

2003…

RS.

4.53

2004…

RS.

5.72

2005…

RS.

5.22

2006…

RS.

4.07

/ No. of shares

Investment Analaysis. (R.O.A) RETURN ON ASSETS:

Operating Income

2001…

%

23.22

2002…

%

24.04

2003…

%

28.69

2004…

%

38.51

2005…

%

36.47

2006…

%

27.98

/ Total Assets

(R.O.E) RETURN ON EQUITY:

Net Income – Preffered Dividend

/ Common Stock Outstanding

2001…

%

23.51

2002…

%

23.33

2003…

%

24.75

2004…

%

28.20

2005…

%

25.43

2006…

%

20.21

A / R TURNOVER / DEBTOR`S TURNOVER:

Net Sales

/ Avg A/R

Avg reciev. = opening recieveables – ending recieveables

2001…

Times

3.34

2002…

Times

3.73

2003…

Times

4.60

2004…

Times

4.32

2005…

Times

4.90

2006…

Times

4.30

/2

INVENTORY TURNOVER:

C.G.S

2006…

Times

/ Avg Inventory. 12.33

FINANCIAL ANALAYSIS.

CURRENT RATIO:

Current Assets

2001…

Times

1.21

2002…

Times

1.72

2003…

Times

2.02

2004…

Times

2.78

2005…

Times

1.90

2006…

Times

1.66

/ Current Liabilities.

ASSET TEST RATIO

/ QUICK RATIO :

Quick Assets

/ Current Liabilities.

Quick Assets = ( Current Assets – Inventory )

2001…

Times

1.15

2002…

Times

1.61

2003…

Times

1.91

2004…

Times

2.67

2005…

Times

1.74

2006…

Times

1.54

DEBT RATIO:

Total Liabilities

2006…

%

30.70

/ Total Assets.

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