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Transcript of Makro
Accounting Financial Info. System 2011
2011
MAKRO
Annual Report
Presented to: Samina Riaz
Group Members:
Jazib Soofi 10157
Usman Irfan 10899
Hiba Khan 9945
Accounting Financial Info. System 2011
ACKNOWLEDGEMENTWe would like to Thank Miss. Samina Riaz for giving us this opurtunity to work on this report and implement all the knowledge that was provided to us throughout
the semester.
Also we would like to thank Makro department who helped us by providing us with all the necessary information to complete this annual report.
Accounting Financial Info. System 2011
If you manage a Hotel, a Restaurant, a Canteen or a Catering Service and have queries about our services to your business, please visit any of our Stores and ask to see our Customer-Development Manager. Our CDMs are equipped with all the information pertaining to your business needs.
Please remember, Makro Wholesale Stores are your one-stop-shops for farm-fresh Fruits, Vegetables, Meat, Fish and Poultry. Our assortment in Frozen and Processed Foods take care of everything you need in ready-to-cook sea food, vegetables, fruit pulps, dairy-products, ice-creams , jams, jellies, sauces and so on.
Our Makro Mail will be your guide to our special promotions in the next two weeks. Click on the icons on your right and check each individual food and non-food promotion available at each of our Stores.
To save time on bulk purchases, call in your order at any Makro Store and it will be packed and ready at the cash counter waiting for you, at the time of your convenience.
Accounting Financial Info. System 2011
Makro is a leading chain of wholesale centres with outlets in several countries of Asia and South America. The mission statement of Makro is the distribution of products with excellence in price, quality and variety to professional customers, and so offering the customer advantages and opportunities of growth.
Makro is an important link in the producer’s distribution chain, especially to the small professional customer to whom direct delivery is becoming less and less economically viable. Makro supports energy saving initiatives and investments in the construction of its stores and stimulates staff to be efficient in the use of energy and water, separating waste and saving electricity.
Makro is a cash & carry wholesale company, with stores ranging in size from 4,000m2 to 12,000m2 offering food and non-food products to professional customers. These customers include small and medium sized independent retailers, institutional customers like schools and hospitals and all varieties of professionals involved in the catering sector. Makro’s customers are themselves mainly service providers requiring quality products, consistency in supply and availability as well as competitive prices. We endeavor therefore to provide excellent customer service with the aim of developing long-term mutually beneficial relationships with our client base.
Accounting Financial Info. System 2011
The House of HabibHouse of Habib is the business house of the Mohammedali Habib Family.Mohammedali Habib, a man of vision and exceptional leadership together with his brothers was the architect and builder of the Group which includes Habib Metropolitan Bank and Habib Insurance Co. Ltd., established in 1941 and 1942 respectively. Today, HOH employs over 10,000 people who work to provide an array of products and services in Pakistan. These activities range from automobiles to audio media, buildings to banking and computers to chemicals. Managing a network of public and private companies, the House of Habib has equity and technical collaborations with British, Japanese and Norwegian companies.House of Habib despite its conservative and traditional values places great emphasis on decentralized professional management that has resulted in a progressive and dynamic organization.
Makro-Habib Pakistan LtdMakro-Habib demonstrated a commitment to grow in Pakistan by entering the wholesale sector and with plans to invest around USD 300 mn in the next four years.Pakistan’s wholesale sector has been a grossly neglected segment of the economy; Makro pioneered into its age old customs and led the change by introducing modern and transparent rules of trade. Makro has also brought the latest technology and techniques to preserve and enhance the life of fresh farm produce. This will not only benefit the farmer but also the common man.
Each Makro Wholesale Centre provides direct employment to 200 people, and brings in countless business transactions into the documented part of the
Accounting Financial Info. System 2011
economy, which is a significant step towards complimenting Governments’ efforts.
Makro-Habib is for the benefit of the people. Its controlled prices, guaranteed quality and an extensive product range of food and non-food products brings a novel shopping experience to the professional customers in Pakistan. Makro caters equally to all socio-economic segments of the society with special emphasis on small and medium sized retailers, hotels, restaurants, catering services and many other business establishments. Makro’s professional customers will find all their needs under one roof.
Fruits & Vegetables
Dairy & Frozen
Accounting Financial Info. System 2011
Meat & Poultry
Fish & Sea Food
Bakery
Accounting Financial Info. System 2011
Basic Commodities
Confectionery
Accounting Financial Info. System 2011
Drinks & Beverages
Dry Grocery
Home & Personal Care
Accounting Financial Info. System 2011
Electronics
Office & Stationary
Househould & Kitchenwar
Apparel, Sports Wear, Shoes, Bed Linen, etc.
Accounting Financial Info. System 2011
Do It Yourself
Toys, Luggage
Accessories
Accounting Financial Info. System 2011
All financial transactions in Makro are part of the documented sector hence customers can claim input sales tax on their purchases
Facility to purchase most of your business needs from one source
Fresh Food Dry Grocery andNon Food items
Makro stocks over 25,000 quality food & non-food items and keeps adding to the range meet respective needs of its customers
Secure and convenient payment options available
Consolidated purchasing solution which saves time and gives control over leakages / pilferage
Banking facilities available at all Makro outlets: Habib-Metropolitan, MCB (ATMs for many other banks)
Hygienic & high quality products
Price and quantities guaranteed (A Kg is always a Kg at Makro)
Accounting Financial Info. System 2011
Makro Stores are open 7 days a week from 8:00 AM – 12:00 PM
Makro provides purchase solution for:Employee Canteen / Cafeteria
Fair Price Shop
Office equipment & stationery
General office supplies: tea, coffee, drinks, tissues, cleaning items etc.
Tools & maintenance requirements
Accounting Financial Info. System 2011
All financial transactions in Makro are part of the documented sector hence customers can claim input sales tax on their purchases
Accounting Financial Info. System 2011
Alternate Payment Options for Bulk Purchases
If you are a business concern that buys its need in bulk, get in touch with our Customer Development Department, stationed at each Store for your options of payment.Following non-cash options are available for purchases at all Makro Centres.
Debit CardDebit card is the most convenient & safe payment option. For safety and security a separate account may be opened at Habib Metropolitan Ban or MCB, which will insure the funds are available and controlled in a separate account for Makro purchase.
Credit Card Makro accepts payment through credit cards with a bank charge of 1.73%
Advance On CreditGoods can be purchased against the exact amount deposited at Makro Centres.
Bank GuaranteeCredit is available against a bank guarantee provide by the customer to Makro Centres.
Accounting Financial Info. System 2011
FINANCIAL STATEMENTS OF MAKRO
INCOME STATEMENT :
Period Ending Apr 30, 2010 Apr 30, 2009 Apr 30, 2008
Total Revenue 4,637,087 4,690,525 4,827,087
Cost of Revenue 3,844,735 3,966,919 4,141,078
Gross Profit 792,352 723,606 686,009
Operating Expenses
Research Development - - -
Selling General and Administrative 526,291 504,449 474,555
Non Recurring - - -
Others 73,546 69,451 67,607
Total Operating Expenses - - -
Operating Income or Loss 192,515 149,706 143,847
Income from Continuing Operations
Accounting Financial Info. System 2011
Total Other Income/Expenses Net - - -
Earnings Before Interest And Taxes 181,582 139,080 143,847
Interest Expense - 10,626 9,792
Income Before Tax 181,582 139,080 134,055
Income Tax Expense 64,620 53,390 49,051
Minority Interest - - -
Net Income From Continuing Ops 116,962 85,690 85,004
Non-recurring Events
Discontinued Operations - (54) (113)
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income 116,962 85,690 84,891
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares 116,962 85,690 84,891
Accounting Financial Info. System 2011
BALANCE SHEET :
Period Ending Jan 31, 2011 Oct 31, 2010 Jul 31, 2010 Apr 30, 2010
Assets
Current Assets
Cash And Cash Equivalents 64,446 188,267 198,099 151,676
Short Term Investments - - - -
Net Receivables 63,766 36,731 23,230 32,329
Inventory 134,721 122,348 123,274 124,951
Other Current Assets 1,578 1,739 2,433 1,307
Total Current Assets 264,511 349,085 347,036 310,263
Long Term Investments - - - -
Property Plant and Equipment 1,171,586 1,075,364 1,030,517 1,010,911
Goodwill 86,422 68,260 57,627 57,547
Intangible Assets - - - -
Accumulated Amortization - - - -
Other Assets 11,736 10,794 11,271 10,054
Deferred Long Term Asset Charges - - - -
Total Assets 1,534,255 1,503,503 1,446,451 1,388,775
Liabilities
Current Liabilities
Accounts Payable 247,245 254,713 253,242 204,328
Short/Current Long Term Debt 10,319 5,274 55,519 24,577
Other Current Liabilities - - - 11,981
Total Current Liabilities 257,564 259,987 308,761 240,886
Long Term Debt 678,864 679,159 109,853 154,754
Accounting Financial Info. System 2011
Other Liabilities 16,508 15,887 15,467 14,799
Deferred Long Term Liability Charges 196,150 171,749 153,910 154,017
Minority Interest - - - -
Negative Goodwill - - - -
Total Liabilities 1,149,086 1,126,782 587,991 564,456
Stockholders' Equity
Misc Stocks Options Warrants - - - -
Redeemable Preferred Stock - - - -
Preferred Stock - - - -
Common Stock 2,913 2,216 66,391 64,439
Retained Earnings 382,256 374,505 792,069 759,880
Treasury Stock - - - -
Capital Surplus - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 385,169 376,721 858,460 824,319
Net Tangible Assets 298,747 308,461 800,833 766,772
Accounting Financial Info. System 2011