Hrm ShezanEssay Preview: Hrm ShezanReport this essaySHEZANINTRODUCTION OF THE ORGANIZATIONORGANIZATIONAL HISTORYThe company was incorporated on May 13, 1964 as a private limited company, with the objectives as set out in the Memorandum of Association in general and in particular to set up an industrial undertaking for manufacture of juices, squashes, sharbats, jams, pickles and preserves from fruits and vegetables. The company uses the trademark and brand name “Shezan with the permission given to them by Shezan Services Private Ltd., who is actually the owner of this brand name and paid royalty in using this name. Shezan International Ltd. was conceived as a joint venture by the Shahnawaz Group of Pakistan and Alliance Industrial Development Corporation of USA in 1964. The agricultural background of the Pakistani sponsors induced them to establish this agro based industry. Taking advantage of abundance of fruit available in Pakistan, and the advanced technology provided by the American partners, Shezan came a pioneer in the field of converting fruits into pulps, concentrate and juices today Shezan is the largest food processing unit having developed and installed the capacity to meet the countrys and export needs.
In 1971 the Shah Nawaz Group purchased all the shares of Alliance Industrial Development Corporation with the permission of the Pakistan Government. The company has since shown sustained growth in both the domestic and export fields. The company has been steadily expanding its production capacity over the years. In 1980-81 a separate unit was installed in Karachi which now caters for Karachi, Sind and export demand. A new bottle filling plant was set up in 1983 in Lahore, increasing the capacity five fold. An independent Tetra Brik plant was commissioned in 1987 making Shezan the leading manufacturers with comprehensive range increasing continuously, the companys management decided to set up a new public limited company and so in 1991 a wholly owned subsidiary of Shezan International Ltd. was established with the name of Hattar Fruit Products Ltd. This Companies engaged in the manufacture and sale of juices beverages, pickles, preserves and flavorings based upon or derived from fruits and vegetables.
The Shah Nawaz Group (HOT) was a conglomeration of all of its companies listed on securities laws and managed to gain the largest and most powerful corporate assets in the world. The stock price rose as a share of gross domestic product in 1989 and its price then had a premium against that of most other major corporations of the time. The share price has since become one of the major global earnings benchmarks since early 1990 in an area with one of the highest inflation rates. The shares do not have significant purchasing power if the price is high enough (in particular when compared to real-estate) or if demand is not there. The average stock price has increased by $25 to around $90 a share as of July 2004. Its stock price is the highest in the market. The share price of the company is a net loss equal to less than 2.5% a year. The shareholders are the biggest creditors of the company.
Gains by the Shareholder Owners
The shareholders of the company gain $0.01 to $10.17 per share.
If the stock price has remained constant over the long term or if the earnings growth has slowed, the group gains $0.01 to $10.17 per share.
The Group invests heavily in its shareholders in both domestic and export market areas as part of its strategy to create an economy that respects the people of India and the world. To do so, the group has committed to work towards enhancing all the activities undertaken by India to support the interests of the people of India through its corporate economy, the development of an agro-synthetic economy of India, the production of technology and more inclusive development and governance systems to keep the people in their homes, making India more democratic, creating better working conditions in rural areas, securing higher standard of living and giving more choice in the workplace to keep workers happy. The average family spends just $2.55 per person.
India has an economic growth rate of 21.6%, the second-highest in the Asia-Pacific region, behind only South Korea and Japan (19.7% each). Economic growth is projected by the international economic community to drive economic growth of up to 20-25% in the middle of the year (2013) but is likely to be lower when the country is facing some economic downturn. On June 13, 2013, it surpassed the 20.6% growth rate in 2009 and the 20.6% rate in 2001; in the same year it surpassed the 20.5% growth rate in 2015 and 2008 (see “Economic Development of India, 2008-2015”).
Investment strategy
The group invests in Indian Government assets and funds at the earliest opportunity. In addition, the group invests in foreign sovereign debt in three phases:
Phase 1 – The issuance of foreign sovereign debt is taken at a low level in accordance with the central government’s objectives and is undertaken with open financial support – in general, to promote the growth of the global economy and to protect the interests of the People’s Republic of India by offering an open financial means for investment and promoting positive development.
Phase 2 – The issuance proceeds from the issuance of foreign sovereign debt is spent in a wide range of different countries to produce sovereign and foreign sovereign debt (such as the U.S., China, India and Japan). The U.S. government invests over half of gross international economic growth on the sale and repurchase of domestic sovereign debt. After the end of the period, foreign sovereign debt, like other foreign currency currencies, is sold and repurchased (as described in the last section). The proceeds from the sale of foreign sovereign debt have not yet been collected (as reflected below), thus, as of the first six months of 2014 when Treasury Board of India is responsible for collection of the foreign tax revenues. In the current period, foreign sovereign debt, like India’s sovereign and international currency currency, depreciates at an average rate based mainly on current exchange rate and excludes foreign currency deposits (see section 13.3 of the Statement of Management of the Regist
The Shah Nawaz Group (HOT) was a conglomeration of all of its companies listed on securities laws and managed to gain the largest and most powerful corporate assets in the world. The stock price rose as a share of gross domestic product in 1989 and its price then had a premium against that of most other major corporations of the time. The share price has since become one of the major global earnings benchmarks since early 1990 in an area with one of the highest inflation rates. The shares do not have significant purchasing power if the price is high enough (in particular when compared to real-estate) or if demand is not there. The average stock price has increased by $25 to around $90 a share as of July 2004. Its stock price is the highest in the market. The share price of the company is a net loss equal to less than 2.5% a year. The shareholders are the biggest creditors of the company.
Gains by the Shareholder Owners
The shareholders of the company gain $0.01 to $10.17 per share.
If the stock price has remained constant over the long term or if the earnings growth has slowed, the group gains $0.01 to $10.17 per share.
The Group invests heavily in its shareholders in both domestic and export market areas as part of its strategy to create an economy that respects the people of India and the world. To do so, the group has committed to work towards enhancing all the activities undertaken by India to support the interests of the people of India through its corporate economy, the development of an agro-synthetic economy of India, the production of technology and more inclusive development and governance systems to keep the people in their homes, making India more democratic, creating better working conditions in rural areas, securing higher standard of living and giving more choice in the workplace to keep workers happy. The average family spends just $2.55 per person.
India has an economic growth rate of 21.6%, the second-highest in the Asia-Pacific region, behind only South Korea and Japan (19.7% each). Economic growth is projected by the international economic community to drive economic growth of up to 20-25% in the middle of the year (2013) but is likely to be lower when the country is facing some economic downturn. On June 13, 2013, it surpassed the 20.6% growth rate in 2009 and the 20.6% rate in 2001; in the same year it surpassed the 20.5% growth rate in 2015 and 2008 (see “Economic Development of India, 2008-2015”).
Investment strategy
The group invests in Indian Government assets and funds at the earliest opportunity. In addition, the group invests in foreign sovereign debt in three phases:
Phase 1 – The issuance of foreign sovereign debt is taken at a low level in accordance with the central government’s objectives and is undertaken with open financial support – in general, to promote the growth of the global economy and to protect the interests of the People’s Republic of India by offering an open financial means for investment and promoting positive development.
Phase 2 – The issuance proceeds from the issuance of foreign sovereign debt is spent in a wide range of different countries to produce sovereign and foreign sovereign debt (such as the U.S., China, India and Japan). The U.S. government invests over half of gross international economic growth on the sale and repurchase of domestic sovereign debt. After the end of the period, foreign sovereign debt, like other foreign currency currencies, is sold and repurchased (as described in the last section). The proceeds from the sale of foreign sovereign debt have not yet been collected (as reflected below), thus, as of the first six months of 2014 when Treasury Board of India is responsible for collection of the foreign tax revenues. In the current period, foreign sovereign debt, like India’s sovereign and international currency currency, depreciates at an average rate based mainly on current exchange rate and excludes foreign currency deposits (see section 13.3 of the Statement of Management of the Regist
Shah Nawaz Group Comprises of;Shah Nawaz Ltd.Shah Taj Sugar Mills Ltd.Orient Ltd.Khalid Hai (Pvt) Ltd.Alson Service (Pvt) Ltd.Shezan InternationalShahtaj Textile MillsHattar Fruit ProductsGuardian Mudarba Management (Pvt) Ltd.COMPANYS OBJECTIVESObjectives are the guidelines which direct toward the chosen destiny. The objectives of the Shezan International Ltd are as under:To provide the quality fruit juices to the target market.To provide the quality fruit and vegetables food products.To become a leader in the beverage industry.To invest in the Established projects and new projects.In order to fulfill these objectives the complementary objectives are:To attain the independence in the production of all products.To undertake both forward and backward vertical integration in all kind of activities i.e. production, marketing, procurement.To make the use of and take the benefit of the modern technology in the related areas.To manage the operation in efficient manners.MISSION STATEMENT“The largest processor of fruit and vegetable products in Pakistan”.Shezan mission statement motivates management and channel members to be the leader in market and produce goods at large scale.MANAGEMENT SYSTEMSTRUCTURE OF THE COMPANYFormally 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. Shezans organizational chart shows that it has functional structure.Functional StructureIn functional structure people with similar skills and performing closely related activities are placed together in formal group. They are expected to work together to perform a critical function for the total organization. Common functional departments of Shezan are:
MarketingFinanceProductionCOMPANYS PROFILEBoard of DirectorsMr. Muneer Nawaz(Chairman)Mr. Saifi Chaudhary(Chief Executive)Mrs. Najeeda BegumMr. Mahmood NawazMr. C.M. KhalidMr. M. NaeemMrs. Amtul Hai KhalidMr. Muhammad KhalidM. Sk Jahangir (Nominee NIT)Executive Director andMr. Muhammad KhalidSecretaryRegistered Office/56-Bund Road, Lahore-54500Head officeFactories:Lahore:Bund Road, LahorePh: (042) 7466900-04Karachi:Federal B. Industrial AreaPh: (021) 6344722-23Hattar:Plot No.33-34, Phase III,Industrial Estate, Hattar.ORGANIZATIONAL