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Financial Analysis Of Buxly Paints

D O WNL O A D FREE M B A RE PO RTS FREE REPORTS, ASSIGNMENTS, PRESENTATIONS, MBA REPORTS, BBA REPORTS, BUSINESS REPORTS, ANNUAL REPORTS PAGES ã ã ã Home List of Reports Available in This Website search þÿ Search OCT 22, 2009 Financial Analysis of Buxly Paints Company PHYSICAL SET UP OF ORGANIZATION HEAD OFFICE: Buxly Paints Limited has a very well established head office which is situated on Polytechnic Road of Sindh Industrial & Trading Estate, Karachi. It is in the same building in whic

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  DOWNLOAD FREE MBA REPORTS  F R E E R E P O R T S , A S S I G N M E N T S , P R E S E N T A T I O N S , M B A R E P O R T S , B B AR E P O R T S , B U S I N E S S R E P O R T S , A N N U A L R E P O R T S P A G E S ã Home ã List of Reports Available in This Website ã search Search O C T 2 2 , 2 0 0 9 Financial Analysis of Buxly Paints Company   PHYSICAL SET UP OF ORGANIZATION HEAD OFFICE:  Buxly Paints Limited has a very well established head office which issituated on Polytechnic Road of Sindh Industrial & Trading Estate, Karachi.It is in the same building in which the production department exist. All theactivities and related paper work from purchase to production and then tosales, billing and credits is done here. FACTORIES: þÿ  Buxly Paints Limited has three factories to produce quality paints. Allthese factories are situated in S.I.T.E. area of Karachi. These factories aretitled as Works I, Works II (Unit-I & Unit-II). But due to the newmanagement which realize the problem of extra prime cost and conversioncost due to enlarge production capacities and due to very low turnover, theproduction is restricted only in works-I and production and offices are closedAnd transferred in the W-I. AREA OFFICES: Buxly paints limited has divided its paint market into two regions,Southern region and Northern region. The sales and market of Southernregion is handled by General Sales Department which is in the Head Officepremises while the Northern region is controlled by two Sales Offices whichare situated in Rawalpindi and Lahore. Personnel Department n the world of today’s industrial life, the importance of personneldepartment cannot be denied. The function of any personnel departmentis to manage the people who are at work. In BUXLY Paints Ltd. , personneldepartment is newly established on January 1, 1997, previously there was anestablishment department which was practicing some preliminary practice of  I  personnel management. After realizing the needs of the organization, arestructuring process took place on the behalf of Managing Director.After the takeover of Berger the factory has no proper personnel workingdepartment the person who is taking care of all the functions of personneldepartment has both the responsibilities of personal and factory adminmanager and he is the wonderful person taking care of all the affairs of theboth spheres. He has only one coordinator the age old and devoted employeeMr.Mehboob Ali who assist him in all the affairs of the factory policiesregarding the HR.There is also workers union in the company which was established in1958.the union produced many great problems of legislation and shut downof the factory due to the acquisition of new management and factory hasfaced a lot of crucial stages due to union and now after a year the unionproblems are going to be settled by the entire effort of new admin manager and legislation activities. Functions Of Personnel Department: The personnel department is engaged in exercising the followingtypes of jobs:    Maintenance of the attendance and daily work joining & leaving records.    Developing and updating the Bio-Data of all the employees.    Issuing office orders especially for selection & recruitment, leaves,retirement, promotions, increments and allowances etc.     Creating, keeping and updating the policy files according to the directionof top management.    Guiding management to take decisions according to the policiesespecially in situations like increment, promotion & upgradingconsiderations, disciplinary violations and termination’s.    Assisting the management in the coarse of dealing and encountering withunion affairs especially at the time of revision of biennial union-management contract. Policy Issues In Relation To Human Resources Following are the major areas of human resources in which thecompany has some specified policies and these issues are kept in the form of files in personnel department. There is no order of papers in these files.Being policy files, these should have only the final decisions on policymatters but these are having a pile of papers including letters, irrelevantoffice notices and a lot of other irrelevant material. Moreover the documentsin the files are not ordered chronologically. Mr.Mehboob Ali is nowresponsible for the arrangement of the policy files and documents after thedownsizing of the employees without any designation and additionalbenefits. The solution is that the department should be run in systematicmanner by having a complete and separate office setup and proper coding of all these related things.The policies as I notes are as follows: