Professional Documents
Culture Documents
Western Global Services
Western Global Services
Dedication
This project is dedicated to my parents who ever wished to see me as a successful man in every
(Ameen)
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WESTERN GLOBAL SERVICES (PVT.) LTD.
ACKNOWLEDGEMENT
All praise to Allah, the most merciful, kind and beneficent, and the source of all knowledge,
wisdom within and beyond my comprehension. He is the only God, who can help us in every
field of life. All respect and possible tributes goes to my Holy Prophet Mohammad (SAW), who
is forever guidance and knowledge for all human beings on this earth.
Heart full thanks to Ali Gilani without his cooperation it was not possible for us to complete my
BBA (Hons.) Program and he guided and helped me through timely suggestions, valuable
advices and specially the sympathetic attitude, which always inspired me for hard work.
I am proud to say that I am very grateful to my family whose kind prayers and
Cooperation helped us at every step of my work. Special thanks go to my parents for their
I am really very thankful to Muhammad Farhan Javed (Assistant to Director (Finance) &
Project Coordinator) for his cooperative attitude during the completion of my project work.
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WESTERN GLOBAL SERVICES (PVT.) LTD.
EXECUTIVE SUMMARY
Global Services (PVT) Limited Allah Wali Market F-8/1 Islamabad and to know how I will work
in finance department and among various types of people have different attitude.
The objective of this Internship was to explore the issues relating to Finance and Accounting and
to find out problems regarding the theoretical concepts with practical experience working in an
organization during the internship and study the system of western Global services (PVT)
Limited Islamabad. There are many possible improvements, which we can make positive
It is not easy for it to implement a new system immediately it takes a lot of time to replace
systems. Once implemented its testing takes more time. So it is important for the organization to
New comers have more knowledge about business administration and skilled in information
technology. To update the skills, it is suggested to develop human resources training programs
Table of Contents
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Dedication........................................................................................................................................1
Acknowledgement...........................................................................................................................2
Executive Summary.........................................................................................................................3
1. Overview of the Organization......................................................................................................6
2. Western Services (Pvt) Ltd Mission & Vision…………………………………………………8
a. Our Mission .........................................................................................................................8
b. Our vision ............................................................................................................................8
c. Strategy ................................................................................................................................8
3. Company Marketing……………………………………………………………………………9
4. Company Product Line…………………………………………………………………………9
5. Western Global Services (Pvt.) Ltd. .........................................................................................10
6. Organizational Outlook..............................................................................................................11
7. Number of Employee of Western Global Services....................................................................12
8. Duties And Responsibilities Of Departmental Heads. ..............................................................13
a. Finance Manager............................................................................................................13
b. Accounts Manager.........................................................................................................13
c. Human Resource Manager.............................................................................................13
d. Purchase Manager..........................................................................................................14
9. Organizational structure of finance department.........................................................................15
a. Introduction: ..................................................................................................................15
b. Structure Of Finance Department..................................................................................15
c. Finance Department......................................................................................................16
b. Company’s Financial Policies:- ....................................................................................16
c.Functions of Finance Department:- ...............................................................................16
d. Accounts Department.....................................................................................................17
10. Competitors..............................................................................................................................17
11. SWOT Analyses ......................................................................................................................18
a. Strength..........................................................................................................................18
b. Weakness: .....................................................................................................................18
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c. Opportunities: ...............................................................................................................19
d. Threats: .........................................................................................................................19
12. Financial Statements Analysis.................................................................................................20
a. Ratio Analysis.....................................................................................................................21
a) Liquidity Ratios...............................................................................................................21
b) Debt Ratio/Financial Leverage Ratio..............................................................................23
c) Profitability Ratio............................................................................................................24
13. Findings: .................................................................................................................................25
14. Suggestions: ............................................................................................................................26
15.Conclusion................................................................................................................................27
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WESTERN GLOBAL SERVICES (PVT.) LTD.
WESTERN GLOBAL SERVICES (Pvt) Ltd.(WGSL). We are a group of companies having our
principal registered office in Islamabad with regional offices at Karachi, the port city of Pakistan
and Sukkar, in the interior of Sindh Province. We provide a wide range of services at
project/field sites which includes but is not limited to industrial catering, housekeeping, camp
management, maintenance and allied services, Civil work, Construction, rental power (diesel/gas
generators), fabrication of Portacabins (complete camps) on outright sale or rent and pre-
fabricated steel structure buildings (living and office blocks). We also provide ‘turn-key’ solution
to our clients’ requirements in all the above mentioned areas. We have been in the market for the
last over thirty years and are amongst the leading enterprises in the field, known for our highly
Company has successfully completed a number of projects of varied magnitudes and utilities in
Pakistan. We are mainly focused in the field of oil and gas, power sector and different other
projects of national importance. We also have an enviable track record of having rendered
services to a number of multinational oil companies, expat and national, public sector power
units and various other important projects in all the four provinces of Pakistan. Amongst our
clients have been notable multinational oil and gas companies like OMV, MOL Pakistan,
CCDC(formerly Great Wall Drilling Company & OGEC-SPA), United Energy Pakistan Ltd.
(formerly British Petroleum Pakistan), Mari Petroleum Company Ltd., Ocean Petroleum Ltd.-
OPL (formerly OPII), Premier Oil, BHP Bulletin and many more. For the accomplishment of our
time oriented targets, we draw support from our strong infrastructure, trained human resource,
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professional expertise, vibrant operational network, adequate inventory and sound financial back
up.
oil and gas companies, we have been specially tuned to observe strict HSE protocols. We place
special emphasis on Hygiene and Quality for all our product as well as on the safety of all stake
independent, operational HSE department in our Head office and have developed related SOPs
Besides above, our group of companies has ISO 9001 & 22000 certifications with AGS USA.
Company offer services in any of the above mentioned areas which would not only facilitate the
achievement of your goals, effectively and efficiently but will also have a share of our positive
contribution for mutual benefit. Company also wish to establish un-interrupted, long term
business relationship with your company and are confident to come up to your expectations.
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WESTERN GLOBAL SERVICES (PVT.) LTD.
a. Our Mission
Our mission is to work in unison as a team in order to provide efficient, integrated quality service
to our customers.
We are fully aware of our prime responsibility which is the satisfaction of our customer needs
well being of our employees, our stake holders, community & environment.
Our company policy will always be customer focused and employee friendly and must facilitate
the smooth flow of business without causing any impediment to the speedy satisfaction of our
b. Our vision
Our vision is to be a team of professionals that serves the global Porta Cabin industry as a leader
and seek innovative and bold new customer services, with guaranteed on time delivery and
unsurpassed quality.
c. Strategy
Company strategy is to achieve leadership in our chosen markets though superior levels of
efficiency and quality of our products. It is focused on three core areas, in which company
In short, company identifies this as “our future in practice” benign focused upon:
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3. Company Marketing
“Word by Mouth”
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6. Organizational Outlook
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Established in - 1985
Permanent 46
Temporary/ On Contractual basis 3456
An employee may be defined as: "A person in the service of another under any contract of hire,
express or implied, oral or written, where the employer has the power or right to control and
direct the employee in the material details of how the work is to be performed." iAn employee
contributes labor and expertise to an endeavor. Employees perform the discrete activity of
economic production. Of the three factors of production, employees usually provide the labour.
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WESTERN GLOBAL SERVICES (PVT.) LTD.
modern economies, the term employee refers to a specific defined relationship between an
individual and a corporation, which differs from those of customer, or client. The relationship
between Western Global Services (Pvt) Limited. and its employees is usually handled through
the Human Resource Management & Administration Group & Employees benefit disbursement
& trustee division. These groups handle the incorporation of new hires, and the disbursement of
any benefits which the employee may be entitled, or any grievances that employee may have.
There are differing classifications of workers within Western Global Services (Pvt) Limited,
these are:
Permanent
Temporary / On Contractual
a. Finance Manager
He is responsible for financial matters in the organization. He prepares financial plan. He
assesses the financial needs of the organization and sources of the finance. He should be an
expert in the field of financial management. He should know different tools used in the financial
management ratio analysis, fund flow analysis, cash flow analysis, Budgeting etc. All these are
necessary to prepare a sound financial policy for the organization. He is also responsible for
financial planning, raising necessary fund, controlling the use of funds, appropriation of profits
etc. Other functions include financial forecasting and planning, procurement of funds, investment
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negotiations for new financing, analysis and appraisal of financial performance, advising the top
management, co-coordinating and control, helping in valuation decisions, and tax administration.
b. Accounts Manager
He is responsible for keeping the details of day book, ledger and P.F registers. Moreover, he
should record and maintain all the details of the sales tax calculation and related documents and
A human resource manager occupies a very important position in an organization. The duty of
the human resource manager is to recruit and develop Personnel required by the organization.
They are involved in manpower planning, training, maintenance, compensation etc. The other
responsibilities of the human resource manager are formulation and development of personnel
policies, employees training and development, transfer, promotion, etc., maintaining personnel
records of each employee in the organization, establishment of good relation with employees,
employees, responsible for advising line manager, responsible for welfare activities and
d. Purchase Manager
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WESTERN GLOBAL SERVICES (PVT.) LTD.
supplier.
Verify the invoice with regard to quality, price and other relevant particulars and pass it for
payments.
Send the invoice to the accounting section.
The finance department of a company is the function in a business responsible for acquiring
funds for the firm, managing funds within the firm, and planning for the expenditure of funds on
various assets. Without a carefully calculated business plan, the firm has little chance for
endurance.
a. Introduction:
The finance department of a company is responsible for all of the financial aspects of a company,
The Finance Department really has two fairly dissimilar jobs to perform in company: managing
the company’s financial resources (“Finance”) and recording and reporting all its financial
transactions.
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c. . Finance Department
Finance department manages the fund available for the operations of the business, by making a
balance between the fund inflow and fund outflow. The management of all activities related to
institutions, the different sources of finance and ways to profitability utilize these funds. Finance
Manager directly does the planning, organizing, directing and controlling financial activities in
the society.
Finance function is concerned with all aspects of business operations. It is very difficult to set
limits to the finance function. The key activities under finance department are:
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f. Accounts Department
Accounts department deals with day to day book keeping, daily collections, salaries of all
assistant accountants. In each production centers and marketing branches have an accountant and
Chief accountant works in coordination with finance manager, on the fund flow issues and
in case of any shortage of cash occurs. Finance manager canalized the shortage from financial
institutions in case of emergency and normal cases, chief accountant tightness the payment
10. Competitors
Pakistan Hotal
Zerena Services
HaQ Holding
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WESTERN GLOBAL SERVICES (PVT.) LTD.
SWOT analysis is a strategic planning tool used to evaluate the strengths, weakness,
opportunities and threats involved in a project or in a business venture. It involves specifying the
objectives of the business venture or project and identifying the internal and external factors that
a. Strength:
b. Weakness:
1. Organization in flexibility (Flexible working hours and Policies for flexible working).
2. Limited Offices.
3. Lack of access to the key distribution channels.
4. Advertisements are done through work of mouth only.
c. Opportunities:
1. Western Global Services catering industry is in growth stage so Western Services has a
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d. Threats:
1. Sudden fluctuations in crude price, causing fluctuations in raw material price makes
emerge.
4. All the competitors (Zia & sons, Pakistan Hotal, western, Zerena Services etc.) are
changing their strategies and formulating new ones to capture new markets.
through the establishment of ratios and trends. Financial statement analysis is the process of
examining relationships among financial statement elements and making comparisons with
relevant information. It is a valuable tool used by investors and creditors, financial analysts, and
others in their decision-making processes related to stocks, and other financial instruments. The
goal in analyzing financial statements is to assess past performance and current financial position
and to make predictions about the future performance of a company. Investors who buy stock are
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WESTERN GLOBAL SERVICES (PVT.) LTD.
primarily interested in a company's profitability and their prospects for earning a return on their
investment by receiving dividends and/or increasing the market value of their stock holdings.
Financial analysts, who frequently specialize in following certain industries, routinely assess the
profitability, liquidity, and solvency of companies in order to make recommendations about the
The analysis of financial statement refers to the examination of the statements for the purpose of
acquiring additional information regarding the activities of the business. The users of the
financial information often find analysis desirable for the interpretation of the firm’s activities.
The overall objective of financial statement analysis is the examination of a firm’s financial
position and returns in relation to risk. This must be done with a view to forecasting the firm’s
future prospective.
Analysts can obtain useful information by comparing a company's most recent financial
statements with its results in previous years and with the results of other companies in the same
industry. Three primary types of financial statement analysis are commonly known as horizontal
a. Ratio Analysis
Ratio analysis enables the analyst to compare items on a single financial statement or to examine
the relationships between items on two financial statements. After calculating ratios for each
year's financial data, the analyst can then examine trends for the company across years. Since
ratios adjust for size, using this analytical tool facilitates intercompany as well as intercompany
comparisons. Ratios are often classified using the following terms: profitability ratios (also
known as operating ratios), liquidity ratios, and solvency ratios. Profitability ratios are gauges of
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WESTERN GLOBAL SERVICES (PVT.) LTD.
the company's operating success for a given period of time. Liquidity ratios are measures of the
short-term ability of the company to pay its debts when they come due and to meet unexpected
needs for cash. Solvency ratios indicate the ability of the company to meet its long-term
obligations on a continuing basis and thus to survive over a long period of time. Financial ratios
Between companies
Between industries
Between different time periods for one company
Between a single company and its industry average
a) Liquidity Ratios
The liquidity position of a bank is like a reservoir. It may be adequate, although nearly depleted,
just before the start of the rainy season. Or it may be inadequate, although three quarters full just
“The bank’s ability not only to meet possible deposit withdrawals but also to provide for the
2013
Liquidity Ratio 2011 2012
Current Ratio
8.2733 0.802 .982
Quick Ratio
7.40 0.743 .845
Current Ratio:
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WESTERN GLOBAL SERVICES (PVT.) LTD.
Current ratio is a financial ratio that measures whether or not a company has enough resources to
pay its debt over the next business cycle (usually 12 months) by comparing firm's current assets
to its current liabilities. Higher the value, then good will is the position of a company in the
market.
In WGSL, the current ratio has a highest value in 2011. It’s mean that over the period of 3 years
from 2011 to 2012, that was the year in which company had a much resources to pay its debts to
the creditors and it was in strong position to pay debts to its creditors. In 2011 company was
Quick Ratio:
The quick ratio, sometimes called the acid-test, is a more stringent test of liquidity than the
current ratio. This is because it removes inventory from the equation. Inventory is the least liquid
of all the current assets. A business has to find a buyer if it wants to liquidate inventory, or turn it
In year 2011, company has a highest quick ratio. It means that a company has an enough assets
that can be easily converted into cash to pay its debts to its creditors.
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WESTERN GLOBAL SERVICES (PVT.) LTD.
This ratio indicates how much proportion of the company's assets is being financed through debt.
For WESTERN SERVICES (PVT) LTD company, this ratio is .543. but in 2012, .21 and 2011, .
112. it mean the company has increase the debt.
Debt-to-Equity ratio indicates the relationship between the external equities or outsiders funds
and the internal equities or shareholders funds.
In 2013 large part of an equity was financed by debts may be by issuing of bonds, etc.
In 2013, 14.25 capital was through debts and remaining .86 was of shareholders equity.
c) Profitability Ratio
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WESTERN GLOBAL SERVICES (PVT.) LTD.
Greater the Gross profit Margin, more stable will be the financial condition of a company.
Because if a company has a greater number of this, more easy will be for a company to pay its
taxes and other expenses.
WESTERN SERVICES (PVT) LTD has 0..299 of gross profit margin. So after deducting taxes
and others expenses in 2013 company had large amount of income.
Net Profit Margin shows how business is effectively earning profit by selling its inventory.
WESTERN SERVICES (PVT) LTD has highest net profit margin in year 2013 mean company
had earned profit in this year higher as compared to previous years.
In relation on investment
Return on Asset:
Return on Assets (ROA) measures how profitable a company is relative to its total assets. In turn,
it measures how efficiently a company uses its assets.
With the passing of number of years the return on asset of WESTERN SERVICES (PVT) LTD
continues on increasing. It means that company’s asset is profitable to company and they are
good enough to produce profit. Company should invest more to keep asset in working condition
to continue this profit ratio.
13. Findings:
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WESTERN GLOBAL SERVICES (PVT.) LTD.
Western Services is the number one Porta Cabin manufacturer in Pakistan and it has received the
many awards for quality. They also receive the ISO 9001 certification.
International Standard that is being followed as far as the quality of the products is
concerned.
Has well trained employees to operate the company.
Provides excellent services to its employees like canteen, medical facilities,
transportation etc.
Premises are huge and designed in such a way that the raw materials can easily
14. Suggestions:
Problems can be detected early and treated to prevent deterioration welfare and cost
reduction.
Annual medical checkup for all workmen and employees. A small amount can be
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WESTERN GLOBAL SERVICES (PVT.) LTD.
15. Conclusion
The study conducted and internship at Western Global Services (PVT) Limited which is the
pioneer and market leader in the Catering services, PortaCabin,Camp management in Pakistan
helped in getting a wider outlook about the business environment and managing an organization.
Organization has six production centers and five marketing branches spread all over Pakistan,
It was a general study regarding all functions and aspects of WGSL. The company has seven
functional departments through which it was operating. It is found that company has a good
working environment and cordial relationship is maintained between all departments for the
smooth functioning and achievement of the organization goal of maintain the company’s brand
image among the customers. I analyze the threat of the entry of new competitors and substitute
products or services, the bargaining power of the customers and the suppliers and the intensity of
competitive rivalry. SWOT analysis is also done to analyze the Strength, Weakness,
WGSL has made are of most advance technology, Method and up to date knowledge. Fully
automated production has been put to use long time ago U.S made microprocessor controlled
machinery is used to for production. WGSL received the ISO 9001 certification for quality by
DAS, USA, and ISO 9001, 2200 certification. In order to later the complete needs the company
is planning to increase the production level to maximum extent possible. The research and
development team of WSL group is engrossed in developing new Services for the international
markets. This has helped them to gain valuable insights that prompt the group to search
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