AASK Corporation
MBA 7 A
Submitted By:
Muhammad Ali Faisal
01-120102-032
Acknowledgement
I am grateful to Almighty ALLAH the most Beneficent and the most Merciful because of His
blessings I was able to complete the report successfully.
I am deeply thankful to my organization, AASK Corporation. Special thanks to Mrs. Kishwar
Taseem (Director Finance and Admin) for providing the details and support.
Executive Summary
I am working in AASK Corporation since 13 October 2014 as Finance officer, in the
department of Finance and Admin. During my job I have learned the skills of administration,
management and financial expertises in the practical environment of AASK Corporation.
Along with academics and theory, practical knowledge is also very essential which I have
gained during my job experience.
AASK Group creates new business for its clients and examines the implementation of the
assignments and with a determination to provide direction and solutions to the clients in order
to make it easy for them to generate their income. AASK Group services are: Consultancy /
Service, Construction Works, Maintenance Services, Trading, Manufacturing and Import /
Export.
The information contained in the report is from my observation and experience during my
job, discussion with the staff members. The report consists of detail of AASK Group and
Compaines under AASK Group, AASK Corporation, SWOT analysis, PEST analysis,
Company analysis, its competitors, my job responsibilities and problems identified by me
during my time of job and in the end giving recommendations.
Contents
Acknowledgement......................................................................................................
Executive Summary...................................................................................................
Chapter 1 Introduction...............................................................................................
1.1 Central Background Information........................................................................
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Figure: 3.4.2.......................................................................................................
3.4.3 Goals.........................................................................................................
3.4.4 Strategies..................................................................................................
3.5 Technology Analysis........................................................................................
3.5.1 Technical Methods that Affect the Industry...............................................
3.5.2 Innovation.................................................................................................
Chapter 4 Brief of Finance and Admin Department..................................................
4.1 Mission............................................................................................................
4.2 Finance and Admin Department Policies.........................................................
4.3 Main Functions of Finance and Admin Department.........................................
4.4 Key Responsibilities of Finance and Admin Department..................................
4.5 My Job Contribution.........................................................................................
4.5.1 Job Responsibilities....................................................................................
Chapter 5 Identification of Main Problems and Findings...........................................
Chapter 6 Conclusions and Recommendations.........................................................
Appendix..................................................................................................................
Chapter 1 Introduction
1.1 Central Background Information
AASK Group was established by Engr. Safdar Tasneem (Late). AASK Group generate new
business for its clients and keep a check on the implementation of the assignments and with an
aspiration to provide with guidance, management, supervision and solutions to the clients in
order to make income generation easy for them. Our clients are based throughout Islamabad,
Rawalpindi and beyond.
Following services are provided by AASK Group:
The company is registered with Pakistan Engineering Council Islamabad Pakistan and is
documented by Pakistan WAPDA and Capital Development Authority Islamabad. At the same
time the company is also registered with the Tax Department and Islamabad Chamber of
Commerce and Industry.
AASK Traders and Contractors are registered with Pakistan Engineering Council Islamabad and
WAPDA. The company is also registered with the
of construction works in Electrical Engineering and related civil work, Mechanical Fabrication
as well as production works. The company is also involved in trading of general items, Textiles
& Foods
1.2.3 AASK Textiles
This company is registered with Tax Department and Islamabad Chamber of Commerce &
Industry. The basic focus of AASK Textile is on women and its Textile Display center is in
Islamabad. Stitching of Home Textiles and all kind of other products related to textiles are
customized according to clients needs.
1.2.4 AASK Foods
The department Managing Director is Brig (R) Dr. Ramzan Shahid . The expert areas of AASK
Foods are import and export of eatables, natural growing foodstuff items and production,
manufacturing of eatables as well as foodstuff.
1.2.5 AASK Welfare Fund
This fund is comprises on self financial support for the deserving womens, families or any other
justifiable needy individuals for their income generation resources.
consultancy of Electrical Engineering works like Electricity Distribution System Designing &
Planning and supervision.
Experienced Engineering staff works with clients to understand their needs. The staff provides
with solutions according to clients needs, budget, facilities and importantly clients objective.
AASK Engineering Consultant has the capability to get the job done on time and on budget.
1.4 Vision
Provide the mankind with indispensable and productive Services.
1.5 Mission
To become the leading concern and lead the future innovatively through:
Client Satisfaction
Devoted Team
Innovation in Technology
Determination
Our team putt in great efforts for the results and never give up
Our team works with commitment
Our team works with positive spirit always
Efficient Implementation
Consultancy, Analysis, Assessment and Supervision services requiring Electrical & Civil
Engineering knowledge
Devise and preparation of plans, specifications and estimates for Civil Structures / Works
Impart training to Electrical Engineering Experts
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Only representatives of Gas Power Generators for DBK Engineering in San Diego, USA
Scheme Rawalpindi.
Construction/Installation of 11KV structures under IESCO (WAPDA).
Islamabad.
Construction and Installation of Overhead/Underground EDS Sector O-9 (Extended
Area) Islamabad.
Construction and Installation of Underground EDS Commercial Plazas DHA Islamabad
Phase-2.
The chapter 2 is about the company analysis of AASK Corporation. The company is analyzed in
terms of the operations department, finance and admin department, marketing department and
Human resource department.
In this chapter AASK Corporations departments roles and duties are analyzed operations
department, finance and admin department, marketing department and Human resource
department is analyzed.
The Finance and Admin Department is responsible for managing all the matters related to
finance and admin of the company. All the financial activities are in observance with Financial
Rules and Regulations. The department plays an important role in the financial decision making.
The department intends to provide the internal and external users with financial statements
timely with containing exact and appropriate information. Furthermore, it also ensures that the
necessary financial control is adhered to in order to safeguard the assets of the organization.
Fixed Assets
Corporate accounts
Bank reconciliation
Regulatory
Budgeting
Credit and collection
Procurement and contracts
Payables
Reporting and commissions
purpose HRM makes the strategies that how they can get work from the employees and
announces the incentives for them.
Under its main functions which are Recruitment and selection, Organizational Development,
Performance Management Compensations and Benefits Project Management, the human
resource performs following duties:
Payroll information
Leave and medical record
Policies and procedures
Employees record and recreation
Training planning
Performance management
Orientation employee communication
Staffing and compensation
Staffing plan and HR budgeting
Management trainee and internship program
Interviewing and selection
Compensation, benefits and incentive
3.1.2 Weakness
3.1.3 Opportunities
3.1.4 Threats
Pakistan political circumstances are unstable. Due to these circumstance the project funds are
delayed and sometimes they delayed work becomes an abnormal cost for the organization.
3.2.2 Economical
Due to unstable political situation in Pakistan the economic condition also suffers. Increase in
inflation is on high due to which the cost of equipment also raises that result in higher expenses
and the government does not raise the rates for contractors which is a loss.
3.2.3 Socio-Cultural
The private clients mostly focus on the bargain and are concerned for the cost over the quality
and after project services, there is an ugly factor of bribes and commissions which leads to
unexpected happenings and changes in the contracts.
3.2.4 Technological
AASK corporations pay special attention to technology aspects. Technology evolves constantly
and on a very rapid speed. Continuously new equipment is invented or present ones are upgrade.
At AASK corporation latest equipment is present to give its clients desirable results and expert
engineering staff.
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AASK Corporation market segment covers both private and government clients.
Nespak
Burqaab Power Consultancy
Powercom
AA Consultants
Malik Enterprise
Izhar Electrical Consultants
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3% 7%
AASK Corporation
5%
Nespak
8%
45%
12%
Malik Enterprise
20%
Figure: 3.4.2
Anticipate customer/client needs and continuously intend to serve better, their clients are the
satisfied ones and they are committed to provide leadership in their industry and never
compromise on the quality and timely delivery of the work, Operational and maintenance
services and 24/7 back up support.
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3.4.4 Strategies
Strong business and regional focus, with the increasing population and increasing demand of the
living space in urban areas, construction of housing societies and schemes is on the peak at the
moment and AASK corp. have strong business skills, networking and a market repo over the past
decades, which provides incentive over regional focus.
They have expanded their product line as the demand for the electricity has increased and due to
present circumstances and shortfall of electric supply clients demand an alternative or backup.
The backup generators are also being provided by AASK and some other solution, such as solar
and second line provision. They believe there is an opportunity in every challenge and to be the
best in what you do regardless of the price.
The methods used in this industry are technical and are broadly used. The basic requirement of
the work is mostly safety related as the electric current is fatal. There are some technical methods
which could be explained by a technical person through formulas and models which affect the
industry but the main things that do effect are the underground wiring and looping
3.5.2 Innovation
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AASK is committed to provide excellence to its clients and for this purpose ATC is providing
onsite training for 132kva underground wiring and it is the only organization in Pakistan to
provide such kind of training.
Underground looping is a rare service which is being provided only by AASK in twin cities
among all its competitors.
Chapter 4 describes the department in which I am doing my job currently as Finance Officer,
Finance and Admin department.
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also makes sure that the finance does not exceed the limits of the company so that the assets of
the company remain intact.
Fixed Assets
Regulatory
Budgeting and corporate affair
Credit and collection and payables
Procurement and contracts
Reporting and commissions
implementation of policies and practices for financial management, payroll, budget control, and
accounting.
4.5.1 Job Responsibilities
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The next chapter is chapter 5, it give details of the problem identification and finding during my
job experience.
person
There is no set of job description
All expenses are not being monitored by the department head
The last chapter 6 of this report consists of conclusion and recommendations for the company
AASK Corporation.
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The subordinates at times are unclear of what they are supposed to do and are required to
Appendix
http://www.aaskgroup.com
Discussion with Mrs. Kishwar Taseem (Director Finance and Admin)
Discussion with Ch Muhammad Ibrahim
My own Job Experience
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