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Portfolio Analysis of PSO and HONDA Cars

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Table of ContentsPAKISTAN STATE OIL (PSO)4INTRODUCTION OF THE ORGANIZATION:4HISTORY OF PSO:4VISION STATEMENT:5MISSION STATEMENT:5CORE AREA OF BUSINESS:5CORE VALUES:5LOCATION:6HEAD OFFICE:6DIVISION OFFICES:7HONDA ATLAS CARS (PAKISTAN) LIMITED8INTRODUCTION OF COMPANY:8HISTORY OF HONDA ATLAS CARS (PAKISTAN) LIMITED:8VISION STATEMENT:9MISSION STATEMENT:9CORE AREA OF BUSINESS:9CORE VALUES:9LOCATION:10FACTORY / HEAD OFFICE:10REGISTERED OFFICE:10BALANCE SHEET OF PSO11INCOME STATEMENT OF PSO13RATIO ANAYSIS OF PSO:151.Liquidity Ratios:152.Activity Ratio:163.Solvency Ratio:184.Profitability Ratios:20BALANCE SHEET OF HONDA ATLAS (CARS)23INCOME STATEMENT HONDA ATLAS (CARS)25RATIO ANALYSIS OF HONDA ATLAS (CARS):261.Liquidity Ratios:262.Activity Ratios:273.Solvency Ratios:284.Profitability Ratios:30QUESTIONS?32REFRENCES:39

PAKISTAN STAE OIL (PSO) AND HONDA ATLAS RATIO ANALYSIS AND DECISION FOR PORTFOLIO INVESTMENT

PAKISTAN STATE OIL (PSO)INTRODUCTION OF THE ORGANIZATION:Pakistan State Oil (PSO), the largest oil marketing company in Pakistan (with a market share of 80%), was formed in 1976 through the merger of Pakistan National Oil, Premiere Oil, and Essos operates 3,600 retail outlets, including more than 1,600 New Vision Retail Outlets that offer, besides the usual gas-station services, an Internet kiosk, car wash. The company additionally sells a full range of petroleum and related products, including fuel oil, industrial oils, and petrochemicals. The Government of Pakistan controls a majority stake in the publicly traded PSO.HISTORY OF PSO:Pakistan State Oil (PSO) was established in year 1974, when on 1st January the government took over and merged Pakistan National Oil (PNO) and Dawood Petroleum Limited (DPL) as Premiere Oil Company Limited (POCL). After that, on 3rd June 1974, Petroleum Storage Development Corporation (PSDC) came into existence. PSDC was then renamed as State Oil Company Limited (SOCL) on August 23rd 1976. At the end of that year that is 30th December 1976 Premier Oil Company Limited and State Oil Company Limited merged with each other Pakistan state Oil (PSO) was formed.After PSOs formation the corporate culture underwent a comprehensive renewal program which was fully implemented in 2004. This program over the years included the revamping of the organizational architecture, rationalization of staff, employee empowerment and transparency in decision making through cross functional teams. This new corporate renewal program has divided the companys major operations into independent activities supported by legal, financial, informative and other services. In order to reinforce and monitor this structural change. Human Resource Development became one of the main priorities on the companys agenda under this corporate reform. It is due to this effective implementation of corporate reform and consistent application of the best industrial practices and business development strategies, that PSO has been able to maintain its market leadership in a highly competitive business environment.VISION STATEMENT:To excel in delivering value to customers as an innovative and dynamic energy company that gets to the future first.MISSION STATEMENT:We are committed to leadership in energy market through competitive advantage in providing the highest quality petroleum products and services to our customers based on: Lowest cost operations and assured access to long-term and cost effective supply sources. Sustained growth in earnings in real terms. Highly ethical, safe environment friendly and socially responsible business practices.CORE AREA OF BUSINESS:PSO is the market leader in Pakistans energy sector. The company has the largest network of retail outlets to serve the automotive sector and is the major fuel supplier to aviation, railways, power projects, armed forces and agriculture sector. PSO also provides Jet Fuel to Refueling Facilities at 9 airports in Pakistan and ship fuel at 3 ports. The company takes pride in continuing the tradition of excellence and is fully committed to meet the energy needs of today and rising challenges of tomorrow. It also provide lubricants like engine oils for the automobiles. Some core products Motor Gasoline, High Speed Diesel, Furnace Oil, Jet Fuel, Kerosene, LPG, CNG, Petrochemicals, Lubricants.CORE VALUES: Excellence We believe that excellence in our core activities emerges from a passion for satisfying our customers' needs in terms of total quality management. Our foremost goal is to retain our corporate leadership. Cohesiveness We endeavor to achieve higher collective and individual goals through team. This is inculcated in the organization through effective communication.

Respect We provide Opportunity for attracting and recruiting the finest people from around the country. We value contribution of individuals and teams. Individual contributions are recognized through our reward and recognition program. Integrity We uphold our values and Business Ethics principles in every action and decision. Professional and personal honesty, dedication and commitment are the landmarks of our success. Open and transparent business practices are based on ethical values and respect for employees, communities and the environment. Innovation We are committed to continuous improvement, both in new product and processes as well as those existing already. We encourage Creative Ideas from all stakeholders. Corporate Responsibility We promote Health, Safety and Environment culture both internally and externally. We emphasize on Community Development and aspire to make society a better place to live in.

LOCATION:HEAD OFFICE:Address: PSO House, Khayaban-e-Iqbal, Clifton,P.O.Box 3983, Karachi 75600, PakistanUAN: 021-111 111 PSO (776)

DIVISION OFFICES:

IslamabadZTBL Building ,Zero Point G-/1,IslamabadTel #: (051) 9252651Fax:(051) 9252652Lahore8-Edward Road,LahoreTel #: (042) 37353984Fax: (042) 37312484Multan2nd Floor Park Lane TowerOffice Colony Khanewal RoadMultanTel #: (061) 6510686-7Fax: (061) 6510694

Sahiwal63/C, Farid TownTel # (040) 99200193-4Fax : (040) 99200195Faisalabad3rd Floor,Statelife Building, Liaqat Road,Faisalabad.Tel # (041) 99201276Fax: (041) 99201278Hyderabad7th Floor, State Life BuildingThandi Sarak,HyderabadTel #: (022) 9200784Fax: (022) 9200879

PeshawarHouse # 25/III/ABJamrod LaneUniversity TownPeshawarTel #: (091) 9216812Fax: (091) 99216814BahawalpurPSO Divisional Office,8/2-B Tipu Shahed RoadModel Town-A, BahawalpurTel #: (062) 99255284Fax: (062) 99255286D.I.KState Life BuildingCircular Road,D.I.KTel # (0966) 711774Fax: (0966) 731284

Jehlum3 A/1 . Aziz Bhutti RoadJehlum CanttJehlumTel # (0544) 9270022Fax: (0544) 9270359Sukkur138 Sindhi Housing SocietyAirport RoadSukkurTel # (071) 5630327Fax: (071) 5630935GujranwalaSuper Asia Building No.4G.T RoadGujranwalaTel #: (055) 4555423fax: (055) 4555422

HONDA ATLAS CARS (PAKISTAN) LIMITEDINTRODUCTION OF COMPANY:Honda Atlas Cars Pakistan Limited is a joint venture between Honda Motor Company Limited Japan, and the Atlas Group of Companies, Pakistan. The company was incorporated in 1992 and joint venture agreement was signed in 1993. The ground breaking ceremony was held on April 17, 1993 and within a record time of 11 months, construction and erection of machinery was completed.The first car rolled off the assembly line on May 26, 1994. The company is listed on Karachi, Lahore and Islamabad Stock Exchanges. On July 14, 1994, car bookings started at six dealerships in Karachi, Lahore, and Islamabad. Since then the Dealerships Network has expanded and now the company has sixteen 3S (Sales, Service and Spare Parts) and thirty 2S (Service and Spare Parts) Pit stops network in all major cities of Pakistan. Honda Atlas Cars (Pakistan) Limited has Dealership Network covering all of Pakistan, and Dealership are equipped with all the facilities a modern dealership should have. The facilities include Sale, Service and Spare parts.HISTORY OF HONDA ATLAS CARS (PAKISTAN) LIMITED:Honda Atlas Cars Pakistan Limited is a joint venture between Honda Motor Company Limited Japan, and the Atlas Group of Companies, Pakistan. The company was incorporated on November 04, 1992 and joint venture agreement was signed on August 05, 1993. The ground breaking ceremony was held on April 17, 1993 and within a record time of 11 months, construction and erection of machinery was completed. The first car rolled off the assembly line on May 26, 1994. Official inauguration was done by then President of Pakistan, Sardar Farooq Ahmad Khan Leghari, Mr.Kawamoto, President of Honda Motor Company Limited Japan was also present to grace the occasion. The company is listed in Karachi, Lahore and Islamabad Stock Exchanges.On July 14, 1994, car bookings started at six dealerships in Karachi, Lahore, and Islamabad. Since then the Dealerships network has expanded and now the company has Twenty One 3S (Sales, Service and Spare Parts), Eighteen 2S (Service and Spare Parts) and Five 1S (Spare Parts) authorized dealerships network in all major cities of Pakistan.Since the commencement of production in 1994, the company has produced and sold more than 200,000 cars till July 12, 2012.All dealerships are constructed in accordance with the standards defined by Honda World over.Honda always strive to give outstanding service to valued customers. In addition to providing regular service to customers, the company also regularly conducts Service Campaigns, to facilitate customer's need for service. This has given our customers absolute confidence in our cars, clearly evident from the ever increasing sale volumes. Currently, HONDA is offering Honda Accord, Honda CR-V, Honda CR-Z, Honda Civic (four models) and Honda City (four models) in wide range of colors with advanced technological features.VISION STATEMENT:Striving to be a company that society wants to exist by sharing joys with people throughout the