Pak National Distributors (Since 1985
In the year 1985, Khawaja Salah-ud-din established Pak National Distributors (PND) in Bahawalpur City of Pakistan which was the first company of the PND Group. PND is the business partners of highly reputed national and multi-national companies such as Unilever, Nestle, Tariq Glass Industries and Asian Foods, the brief history of which is as under:
PND commenced the retail franchise of Unilever Pakistan for Bahawalpur City in 1985 and as token of appreciation for the dedication and earnestness of PND towards work, Unilever offered the business to other companies of PND group;
PND enlarged its business with other leading multinationals dealing in convenient foods and accepted retail distribution of Nestle Pakistan for Multan City in 1987. Later on, PND diversified in the related field and accepted the handling agent offer from Nestle Pakistan for the entire southern Punjab in the year 1991;
PND also broadened its exposure with Tariq Glass Industries (OMROC) which is one of the leading table ware company (glass manufacturer) in Pakistan, by accepting a retail franchise of Multan in 1992; and
PND joined hands with Asian Foods (Private) Limited (Mayfair), one of the largest biscuit and confectionary company in Pakistan, in for the handling agent arrangement for the entire southern Punjab in the year 2009. Subsequently, PND started the retail distribution in Bahawalpur and Multan in 2009 and 2010 respectively.
Wali & Company (Since 2007)
PND group extended its business with other nationwide operating companies and coupled with the premiere biscuit company in Pakistan called English Biscuit Manufacturers (Private) Limited (EBM) under the umbrella of M/s Wali & Company (WNC). EBM awarded a retail distribution for approximately 25% area of Lahore in the year 2007. EBM offered another retail distribution of Lahore in 2008 and currently WNC is covering approximately 40% of the EBM business in Lahore. RS & F is running the business successfully with two warehouses in Multan.Companies: Under the name of PND many companies are running with other names which are:
Masood & Company (Since 1994) Eff Dee Water Company (Since 2000) National Distributors (Since 1998)
RS & F (Since 2007)
PND shuffled its business structure and transferred the retail distribution of the entire Nestle Multan to RS & F in 2007. Appreciating the expertise and skillfulness of WNC.
They are using visual basic software which develop by one of there own IT head. PND calculate its profit separately for all the distributions and the treatment that is used by the company is totally different from one product to another product. For supply chain department 3. For account department For supply chain department For the customer who gives order to PND Receiving which is taken from customer when he receive his order
For Purchase order 3 invoices are issue 1. For the company to whom PND is giving the order
. 4. 3. For sale order 4 invoices are issue by PND 1.
Accountig Cycle: In PND company generates order of purchase and receives the sale order. 2. One for account department 2.System: Pak National Distributor (PND) separately dealing all the companies and its distribution. Both these order are treated differently because for both of them invoices are issue. Company only compiles its profit for the purpose of tax and for other legal work.
debt or money you borrow from other to be used or put into your company is called liabilities.Properties &Assets
Whatever things including money that Your Company have.
Longterm liabilities Current liabilities Payable to sister concern Sales tax payable Advances and payable Withholdig tax 2. Some of the main accounts are given below: 1. For a company. Current assets Sundry Debtors Advances & receivable Claims Receivable accounts Advances to Staff 3.
Longterm assets 1.Capital & liabilities
Money that you are spending for or put into your company is called capital.Revenue & Sales
Both “revenue” and “sales” are relative terms associated with business and are used to indicate profit from a business transaction. also called net worth or shareholders' equity or net assets. And whatever loan.
Total assets minus total liabilities of an individual or company. “Revenue” is defined as “the total amount of profit that enters a business or a company as part of a transaction which involves the exchange for a product or a service rendered in
. Fixed Assets 2.Charts of account: PND maintain many accounts daily and most of the companies maintain all these accounts there may be little bit difference between sub-accounts.
Gross profitmargin is expressed as a percentage.Grossprofit
What remains from sales after a companypays out the cost of goods sold.” The revenue encompasses all the profits earned during a certain period of time.000. Cost of Goods Sold = Beginning Merchandise Inventory + Net Purchases of Merchandise .000.000 . divided by $25.125.000 minus $20. if a company receives $25. divide gross profit by sales.000
5. or 20%. Sales which is the actual exchange of goods and their corresponding equivalents which are often in the form of cash.Ending Merchandise Inventory .000 + 400.000 in sales and its cost of goods sold were $20. To obtain grossprofit margin.
Sales Other Income 4. For example: Beginning Merchandise Inventory = $150.000 NetPurchases of Merchandise = $400.a market or business environment. 20% gross profit margin means that for every dollar generated in sales.Cost of Good Sold
Cost of goods sold (COGS) refer to the inventory costs of those goods a business has sold during a particular period COGS.000. Basically.000 Ending Merchandise Inventory = $125.
Operating Expenses 1.000 COGS = 150. the company has 20 centsleft over to cover basic operating costs and profit. An income statement figure which reflects the cost of obtaining raw materials and producing finished goods that are sold to consumers.000 = $425. For example. the gross profit margin would be equal to $25. Selling and Distribution Expense
. Administrative Expense 2.
. net profit is calculated by subtracting a company'stotal expenses from total revenue. thus showing what the company has earned (or lost) in a given period of time (usually one year).3. Financial Expense
Often referred to as the bottom line. also called net income or net earnings
Financial statement Income statement Balance sheet cash flow depreciation internal control: loading and unloading people appoint on daily wages.