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.

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. RS & F is running the business successfully with two warehouses in Multan.

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. Appreciating the expertise and skillfulness of WNC, EBM offered another retail distribution of Lahore in 2008 and currently WNC is covering approximately 40% of the EBM business in Lahore.

System: Pak National Distributor (PND) separately dealing all the companies and its distribution. 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. Company only compiles its profit for the purpose of tax and for other legal work. They are using visual basic software which develop by one of there own IT head.

Accountig Cycle: In PND company generates order of purchase and receives the sale order. Both these order are treated differently because for both of them invoices are issue. For sale order 4 invoices are issue by PND 1. 2. 3. 4. 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. One for account department 2. For supply chain department 3. For the company to whom PND is giving the order

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. Some of the main accounts are given below: 1.Capital & liabilities
Money that you are spending for or put into your company is called capital. And whatever loan, debt or money you borrow from other to be used or put into your company is called liabilities.

Owners equity
Total assets minus total liabilities of an individual or company. For a company, also called net worth or shareholders' equity or net assets.

Longterm liabilities Current liabilities Payable to sister concern Sales tax payable Advances and payable Withholdig tax 2.Properties &Assets
Whatever things including money that Your Company have.

Longterm assets 1. Fixed Assets 2. Current assets Sundry Debtors Advances & receivable Claims Receivable accounts Advances to Staff 3.Revenue & Sales
Both revenue and sales are relative terms associated with business and are used to indicate profit from a business transaction. 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

a market or business environment. The revenue encompasses all the profits earned during a certain period of time. Sales which is the actual exchange of goods and their corresponding equivalents which are often in the form of cash.

Sales Other Income 4.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. An income statement figure which reflects the cost of obtaining raw materials and producing finished goods that are sold to consumers. Cost of Goods Sold = Beginning Merchandise Inventory + Net Purchases of Merchandise - Ending Merchandise Inventory . For example: Beginning Merchandise Inventory = $150,000 NetPurchases of Merchandise = $400,000 Ending Merchandise Inventory = $125,000 COGS = 150,000 + 400,000 - 125,000 = $425,000

Direct expense

5.Grossprofit
What remains from sales after a companypays out the cost of goods sold. To obtain grossprofit margin, divide gross profit by sales. Gross profitmargin is expressed as a percentage. For example, if a company receives $25,000 in sales and its cost of goods sold were $20,000, the gross profit margin would be equal to $25,000 minus $20,000, divided by $25,000, or 20%. Basically, 20% gross profit margin means that for every dollar generated in sales, the company has 20 centsleft over to cover basic operating costs and profit.

Operating Expenses 1. Administrative Expense 2. Selling and Distribution Expense

3. Financial Expense

Net Profit:
Often referred to as the bottom line, 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). 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.