My dream company
My dream company is Nestle and I want to work in accounting and finance or human resource department of Nestle. Therefore I start researching about the Nestle history and management and assumed to participate in a job fair where I can use the information and history of the Nestle to impress the potential employer. The details of the Nestle as follows:
Nestle history begins in 1866, with the foundation of the Anglo-Swiss Condensed Milk Company. The founder Henri Nestlé develops a breakthrough infant food in 1867, and created one of the first infant foods in response to the need for a healthy and affordable product to serve as an alternative for mothers who could not breastfeed their babies. In 1905 the company he founded merges with Anglo-Swiss, to form what is now known as the Nestlé Group. It is the largest food company in the world measured by revenues, and ranked #70 on the Fortune Global 500 in 2015. Nestle providing safe and quality nutrition for 150 years. Nestlé has 436 factories, operates in 189 countries, and employs around 335,000 people worldwide.
Nestle Pakistan:
Nestlé in Pakistan is operating since 1988 under a joint venture with Milk Pak ltd and took over management in 1992. Nestlé Pakistan today is the leading Food & Beverages Company in Pakistan with key focus on Nutrition, Health and Wellness and reaching the remotest of locations throughout Pakistan to serve the consumers. Bruno Boris Olierhoek is the current managing director and CEO of Nestle Pakistan.
Vision
Nestlé’s vision is to be the globally recognized leading Nutrition, Health and Wellness (NHW) Company. Nestlé Pakistan subscribes fully to this vision and the values that come with it.
Mission:
To positively enhance the quality of life of people of Pakistan by all that we do through our people, our brands, products and our Creating Shared Value (CSV) initiatives.
Products:
Nestlé owns more than 2,000 brands worldwide that include products of baby food, infant nutrition, medical food, bottled water, breakfast cereals, coffee, tea, confectionery, dairy products, culinary, beverages, frozen food, pet foods, snacks etc.
2) Name of the HR personnel
Akmal Saeed is the head of Human Resource and secretary of the human resource and remuneration committee. Syed Babar Ali is the chairman of the human resource and remuneration committee, Syed Hyder Ali and Bruno Boris Olierhoek are the member the committee.
3) Insights/findings from financial statements:
a) Nestle Pakistan is a public limited company incorporated in Pakistan and its shares are quoted on Pakistan Stock Exchange. The authorized capital of the company is Rs.750,000,000 (75,000,000 ordinary shares of Rs. 10 each) and issued, subscribed & paid up capital is Rs.453,396,000. The total sales revenue for the year 2015 was Rs. 102,985,916,000.
b) Nestle Pakistan establish and maintain a system of internal control, and prepare and present the financial statements in conformity with the approved national and international accounting standards and legal framework. The financial statements of Nestle Pakistan 2015 has been audited by KPMG Taseer Hadi & Co Chartered Accountant and confirm the true and fair view of the financial statements.
4) Recent story about the Nestle:
Nestlé Pakistan was partnering with World Wildlife Fund (WWF-Pakistan) to implement the Alliance for Water Stewardship (AWS) standard at Nestlé’s Sheikhupura Factory. The standard, being implemented in different parts of the world, promotes better management of site-specific water use and the water catchment areas to address shared water concerns related to quality, quantity and governance. The process was initiated in July 2015 and is expected to be completed in a year. The next site which the Pakistan market aims to certify is our Islamabad Water Factory. Furthermore, Nestlé Pakistan continued its strong tradition of Community Engagement. At the end of 2015, Nestle Pakistan have 8 clean drinking water facilities in Bhatti Dhilwan, Sheikhupura, Khanewal, Kabirwala, Allahabad, Muzzaffargarh, and Kot Addu that provide clean drinking water to approximately 61,000 people every day. Recently Nestlé Pakistan, in partnership with WWF-Pakistan and LUMS-Water Informatics and Technology (WIT) Centre hosted a panel discussion on March 18, 2016 at LUMS to mark UN World Water Day. The theme of the discussion was ‘Water for Livelihoods’ in line with the theme for this year’s UN World Water Day (celebrated on March 22), which is “Better Water, Better Jobs”.
Discussion with Partner
The experience of discussing my research of the company with my assigned partner Hina Wishal was great and purposeful. We both were very busy in our own academic activities and we didn’t find more time for this activity but we showed very co-operative behavior towards one another just one night before the homework submission we contact each other on phone and share our research about the organization and provide valuable responses that I incorporated in my homework. My partner show very cooperative and gentle behavior throughout this activity and also share some valuable feedback.