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Fin619
Euro Africa Travel
A REPORT SUBMITED TO THE DEPARTMENT OF MANAGEMENT SCIENCE,
VIRTUAL UNIVERSITY OFPAKISTAN IN PAKISTAN FULFILLMENT OF THE
REQUIREMENTS FOR THE DEGREE OF MASTERS IN BUSINESS ADMINISTRATION
Submitted by:
M. Haris Ishaq
Student ID:
MC100400015
Session:
2010-2014
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Department of management Sciences,
Virtual University of Pakistan
In the name of Allah,
Most Gracious, Most Merciful
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Letter of Undertaking
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Internship Certificate
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Dedication
I dedicate this report to my Parents, Friends and Teachers.
I dedicate this report to my parent, friends and especially to my teachers who helped me and
supported me at each level and provided me confidence for bright future.
Acknowledgment
First of all I would like to thank almighty Allah for giving me success and supporting me in
every part of life. After that I would like to thank my fellows who helped me and supported
me.
Instructor of“Fin619” Virtual University helped me and supported me in making this report.
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I am thankful tothe staff Euro Africatravel for supportingme andhelpingme incollectingthe
informationrequired.Iamgrateful to:
Managing Director
Mr. Liban Warsame
Chairman
Charles Goodrich
Manager Finance
Mr. Tahseen Aziz
Manager Operations
Mian Ahmed Naseem
Accounts Executive
Ilyas Sadiq
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Executive Summary:
The report includes overall experience gathered from the internship of Six weeks in “Euro Africa
Travel”. I will define the structure of organization and the method company is offering their
services in different countries.
I will explain in this report how technology is being used in the business these days and the way
company utilizes there resources for the maximum benefit. I had experience of working in
Accounts and Finance department of the company. Where, I practiced the knowledge I gain
being a student of MBA.
Euro Africa Travel is company providing their services in air traveling in London and African
sector. Company is also dealing in Umrah and Hajj packages. The company has their main
Office in London and branch offices in Somalia, Kenya and Lahore, Pakistan.
Being a part of company, I learned how implement the knowledge practically. I learned
organizations processes and the way departments are connected and working like a team. The
modern technology and networking can be used to create a link and communicate between the
branches in different countries.
Euro Africa travel is well reputed organization in the market and created major number of clients
in no time and moving its way towards more achievements.
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Table of Contents:
Content No.
Letter of undertaking 03
Certificate ofinternship 04
Dedication 05
Acknowledgement 05
Executive summary 07
Brief Introduction 09
Overview of organization 10
OrganizationalHierarchy Chart 10
Partners 11
Competitors 13
Departments 14
InternshipProgram 16
TrainingProgram 17
Learning Program 19
Ratio Analysis 20
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Future Prospects ofcompany 45
Conclusion 46
Recommendations for improvement 47
Reference & Sources 48
Brief introduction:
A Euro Africa TravellingAgency isa private retailerthatprovidestravel and tourismrelatedservices to
the people onbehalf of suppliers suchasairlines,carrentals,hotels, andpackage tours.Euro Africa
Travel isa servicesproviderorganization.The companyisrunningtheiroperationindifferentcountries
like UK,Somalia,Kenya, andPakistan. The companyismajorlydealinginticketing of airtravellingand
appointed asan IATA (International AirTransportAssociation) agency in2004 and ATOL (AirTravel
OrganizersLicense) in2005.
Companyhave directaccesswithmanyairlinesforbookingpurpose usingthe software’s likeGalileoand
saber,whichhelptocheckthe availability of flightsandnumberof seatsaccordingtothe demandof
customer.Thissectorof businessdoes notkeepstockinhand,as they getconsole fromairlinesandcan
directaccessto theirsystem. Agency onlypurchase whentheygetarequest fromtheircustomer. The
Hajj andUmrah packagesare the main source of business.
I have beenpartof Euro AfricaTravel,Lahore office where three differentdepartmentsare workinglike
Salesdepartment,InformationTechnology &Seodepartmentand Accounts & Finance Department.
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Overview of the Organization:
Brief History:
Euro AfricaTravel startedin2004 in Londonand got license fromInternational AirTransportAssociation
insame year. The companyopenedatbranch office inPakistan,Lahore in2005 aftergettingATOL.All
the operationssince thenare performedinthis branchoffice connectedtoheadoffice through
networking. The comingyearsof 2006 and 2007 brought more successand largerscale of businessfor
the companyas theystarteddealingAfricansectorsandthe company openedmore branchofficesin
KenyaandSomalia.
Hierarchy Chart:
Managing
Director
Opperation's
Manager
Seo Executive
Seo Assistant
Admin Executive
Office
Boy/Driver
Branch
Manager
Sales Executive
Sales Officer
Accounts &
Finance Manager
Accounts
Executive
Accounts
Officer
Assistant
Accounts
Chairman
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Partners:
KLM Royal Dutch Airline
Etihad Airways
Pakistan International Airline
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British Airways
Ethiopian Airlines
Kenya Airways
Egypt Air
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Competitors:
Brightsun Travel
Masterfare Travel
Benz Travel
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Departments:
The companies work with their team having defined role. The team is sub divided
into departments according to their role, which lead the organization towards the
achievement of goal and objectives. Every company has organized department
according to the needs of company.
Departments in Euro Africa Travel
IT Department
Accounts Department
Sales Department
Administration & Operations
IT Department:
This department is working for controlling the networking between system and
exchange lines between the branches and also working on data bases and website.
Account and Finance Department:
This department controls the overall activities relating to finance i.e. monitoring the
investment activities, financing activities, Debit and Credit of funds and maintain accounts.
Sales Department:
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This department deals all the sales and customer care to the customers. This is the
largest department of the organization as company is services oriented.
Admin & Operation Department:
This department takes care of overall operations and petty maters of the organization
and control overall matters of branches.
Comments on Organization structure:
The organizational structure is very well defined and organized according to the
business nature. The entire department’s head are directly reporting to managing director and
have communication with each other. The structure is clearly defining the hierarchy, reporting
and positions. The structure is fulfilling the needs of organization but I think “Human resource
department” should also exist in the organization that could help company to maintain and
implement the policies and procedures.
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Plan of your internship program:
I start my internship as a university requirement but I truly like it because this knowledge
polishes my abilities and skills which I learn from my study. Internship program also encourage
me to use my all capabilities and skills in the future for my profession preparation and maturity.
Brief introduction of branch
I completed my internship at Euro Africa Travel, Lahore branch located at 322 Siddiq Trade
center Gulberg 2 Lahore.
Starting and ending dates of internship
I started my internship in Euro Africa Travel at 20th March 2014 to 1st May 2014.
Names of Departments attended
Accounts & Finance Department
Admin & Operations Department
During this internship schedule I look many functions especially in Accounts and Finance
department and Admin and Operations department site and as an internee learn many things about
these departments of organization.
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Training Program:
Reason for selecting the organization:
The internship program was recommended by the Virtual University as a
compulsory part of MBA program. I selected Euro Africa Travel because the internship they
were offering was purely computing Accounts and Finance. I found it an opportunity of learning
and practical experience of knowledge I got during my studies. This internship will help me in
resolving the issues that could come during the job.
Duties Performed:
I have been part of Accounts and Finance department in major time period of my
internship program. During that i have been assigned following duties
Book Keeping
In the beginning of my training I learnt how to make the general entries in the
system. The general entries were same I learnt in my accounting course.
Bank Reconciliation
In my training session my supervisor described me about the bank accounts which
company is having. The Bank reconciliation form in the software shows all the receipts in
the bank. It gives the option to reconcile the amounts that are present in the bank
statement while rest remains in the form.
Receivable Reconciling
In this part of training session i learnt how to reconcile the receivables. With help of
software, I extracted the statements of customers and other receivables and create a
statement of total receivables using spread sheet.
Payables Reconciling
Next step of my training session was making the statement payables. Just like
receivable I make the total payable statements with the help of software.
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Making of Vouchers
In the business companies have numbers of suppliers and customers. They have to
collect the money from customers and pay to their supplier. In this process, my job was
to create the payment vouchers according to supplier statements.
Reconciling Bank Settlement Plan
Bank Settlement Plan is the statement given by the bank showing the payables by
the company to different airlines. As bank plays the part of grantor between airline and
company.
Payroll
With the help of my supervisor i made the salary sheet for employees of the
companies.
Petty Cash maintenance
In this part of training session, I worked on Peachtree software to make record for
branch office and petty cash maintenance.
All the activities mentioned above were performed on specially designed ERP software that is
connected to the branches.
Further I have worked with branch manager who deals with all the matters of branch. Under his
command I made the cheque and get them signed by the authorities. Making the record of
advances and outstanding by the employees and keeping all kind of records.
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Learning Experiences:
Knowledge Gained:
During the internship, I learned how to reconcile the banks (Barclays and HSBC) of company on
daily basis. The process of reconciliation a bit different from the one I studied, as the company
software has different steps for reconciliation. But the accounting concept was exactly the same.
I learned how to make the vouchers for the payments to the suppliers and how to reconcile the
differences if any.
While training I found there are three different kind of ledgers that help us in the process of
reconciling and auditing the accounts.
SupplierLedgers
CustomerLedgers
AccountsLedgers
All these ledgerswere made exactlythe same wayIlearntduringmycourse of accountingbut theywere
categorizedasmentionedabove.
Skills Learned:
Internship program is been very helpful for me to learn accounting principles in
practice. It makes me understand how to apply the knowledge in practical life.
After going through this practice now I am able to check reconcile bank statements manually as
well as on some software’s and also can make and analyze the company’s financial statement.
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Ratio Analysis:
Ratio analysis is helpful to the management of the organization as well as for the investors and
creditors. An investor keeps an eye on the company’s financial statement and makes decisions
whether to invest funds in that company or not. Similarly a creditor also analysis the financial
statements and makes decisions whether to grant loan or not.
Note:
The financial statements used for the analysis belongs to Pakistan International Container
Terminal Limited. As I have taken the permission from course instructor of Fini619.
Instructor recommended me to make ratio analysis on mentioned company.
Balance Sheet:
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Current Ratio:
Current Ratio = Current Assets / Current liabilities
Year 2010 Year 2011 Year 2012
=2366106 /1152307 =2926620/1265130 =2751653/1430912
=2.05Times =2.31Times =1.92Times
Working:
Year 2010:
CurrentAssets= 2366106
CurrentLiabilities=1152307
Year 2011:
CurrentAssets= 2926620
CurrentLiabilities=1265130
Year 2012:
Current Assets: 2751653
Current Liabilities: 1430912
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Explanation:
The standard of this ratio is 2:1, means current assets are twice the current liabilities. The Pakistan
International Container Terminal Limited Punjab has a more current ratio to the standard rate in 2010 &
2011 of 2.05 and 2.31 respectivelybutgoesbelow the standardrate on2012.
Acid Test Ratio:
Acid Test Ratio = Current Assets – (Inventories + prepayments) / Current liabilities
Year 2010 Year 2011 Year 2012
2366106 – 392743/1152307 2926620 – 427242/1265130 2751653 -571469/1430912
1.71 Times 1.97 Times 1.52 Times
Working:
Inventories+ Prepayments= Storesandspares+ Advances+Depositsandprepayments
Year 2010:
0
0.5
1
1.5
2
2.5
2010 2011 2012
Current ratio
Current ratio
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301086+35564+56093 = 392743
Year 2011:
340791+69727+16724 = 427242
Year 2012:
325639+60888+184942= 571469
Current Assets= GiveninBalance Sheet
Current Liabilities=GiveninBalance Sheet
Explanation:
As the Acid test ratio from year 2010 to 2012 is: Rs.1.71, Rs. 1.97 and Rs 1.52 respectively. In all three
years acid test ratio is slight more than is standard ratio. As a convention a quick ratio of “one to one”
(1:1) isconsideredtobe satisfactory.
0
0.5
1
1.5
2
2.5
2010 2011 2012
Acid Test Ratio
Acid Test Ratio
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Working Capital Ratio:
Working Capital = Current Assets – Current Liabilities
Year 2010 Year 2011 Year 2012
=2366106 - 1152307 =2926620 - 1265130 =2751653 - 1430912
=Rs1213799 =Rs1661490 =Rs1320741
Working:
CurrentAssets= GiveninBalance Sheet
CurrentLiabilities=GiveninBalance Sheet
Explanation:
0
500000
1000000
1500000
2000000
2010 2011 2012
Working Capital
Working Capital
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The working capital has major increase from 2010 to 2011. It means the current asset of the
PICT has rapidly increased. In 2012 it goes down but as rapid as has increased.
Time InterestEarned Ratio:
Time Interest Earned = (EBIT) / Interest Expense
Year 2010 Year 2011 Year 2012
1930689/409,729 2349124/220,311 2693996 / 523,177
4.71 10.66 5
Unit=Times
Working:
EBIT = OperatingProfit
Interestexpense =Finance cost+ othercharges
Year 2010:
Interestexpense = 185857 + 223872 = 409729
Year 2011:
Interestexpense =158319 + 61992 = 220311
Year 2012:
Interestexpense =416843 + 106334 = 523177
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Explanation:
The company ishaving 4.71, 10.66 and 5 timesratioto pay off itsinterestexpensesin2010,
2011 and 2012 respectively.The chartis clearlyshowingthatyear2011 is bestinthisregardsfor the
company.
Total Debt Ratio:
Debt Ratio = (Total Debt / Total Assets)
Year 2010 Year 2011 Year 2012
1152307+3444855/8315138 1265130+3088615/9034695 1430912+2860847/ 7999760
0.55 0.48 0.53
Unit= Percent
0
2
4
6
8
10
12
2010 2011 2013
Time Interest Earned Ratio
Time Interest
Earned Ratio
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Working:
Total Debt = Total Liabilities=Current liabilities+nonCurrentliabilities
Total Assets = Giveninbalance Sheet
Explanation:
The company ishaving 0.55, 0.48 and 0.53 ratiofor 2010, 2011 and2012 respectively.The
Ratiosare showingthatthe companyhas ingood conditioninall three yearsbutthe mostfavorite in
2011 because the ratiois lesser,whichmeansthe assetsworthare more the liabilities.
0.44
0.46
0.48
0.5
0.52
0.54
0.56
2010 2011 2012
Debt Ratio
Debt Ratio
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Debt Equity Ratio:
Debt to Equity Ratio = Total Debt / Total Equity
Year 2010 Year 2011 Year 2012
1152307+3444855/3717976 1265130+3088615/4680950 1430912+2860847/3708001
1.24 0.93 1.16
Unit= Percent
Working:
Total Debt = Total Liabilities=Current liabilities+nonCurrentliabilities
Total Equity = Giveninbalance Sheet
0
0.2
0.4
0.6
0.8
1
1.2
1.4
2010 2011 2012
Debt Equity Ratio
Debt Equity Ratio
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Explanation:
The acceptable Debt/Equityratiois1.5 to 2 but the lesseritismore preferreditis. The above ratiosare
1.24, 0.93 and 1.16 for the year 2010, 2011 and 2012 respectively.PICThasbestconditionin2011
regardsof Debtto Equityratio.
NetProfit Margin:
Net Profit Margin = Net Profit / Total Revenue
Year 2010 Year 2011 Year 2012
907813/5125117 1253857/6123776 1410,040/6692325
0.17 0.20 0.21
Unit= Percent
Working:
Year 2010:
Netprofit= 907813
Total Revenue =Turnover-Net=5125117
Year 2011:
Netprofit= 1253857
Total Revenue =Turnover-Net=6123776
Year 2012:
Netprofit= 1410,040
Total Revenue =Turnover-Net=6692325
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Explanation:
The Netprofitmarginfor the companyis 17 %,20 % and 21% foryear 2010, 2011 and2012
respectively.The graphisshowingthatyear2012 hasgreaterpercentage thenpreviousyearswhich
meansthe companyis makingmaximumprofitinthisyear.
0
0.05
0.1
0.15
0.2
0.25
2010 2011 2012
Net Profit Margin
Net Profit Margin
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GrossProfit Margin:
Gross Profit Margin = (Gross Profit / Total Revenue)
Year 2010 Year 2011 Year 2012
2183050/5125117 2599116/6123776 2966426/6692315
0.43 0.42 0.44
Unit= Percent
Working:
Year 2010:
Gross Profit= 2183050
Total Revenue =5125117
Year 2011:
Gross Profit= 2599116
Total Revenue =6123776
Year 2012:
Gross Profit= 2966426
Total Revenue =6692315
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Explanation:
The Companyhas 43 %, 42% and 44% of Gross profitmarginfor the year2010, 2011 and 2012
respectively.Justlike netprofit marginratiothe chartisshowingthatyear 2012 isbestin thisregards
where companyhasmaximumearningtopayoff its costsand still getnetprofit.
Return on Assets:
ROA = Net Income / Total Assets
Year 2010 Year 2011 Year 2012
907813/8315138 1253857/9034695 1410,040/7999760
0.11 0.14 0.18
Unit= Percent
Working:
NetIncome = GiveninProfit& Loss Account
Total Asset= GiveninBalance Sheet
0.41
0.415
0.42
0.425
0.43
0.435
0.44
0.445
2010 2011 2012
Gross Profit Margin
Gross Profit
Margin
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Explanation:
The Return onAssetiscontinuouslyincreasingfrom2010 to 2012 whichindicates the returnon
assetisgrowingrapidly.
OperatingIncome Margin:
Operating Income Margin = Operating Income / Total Revenue
Year 2010 Year 2011 Year 2012
1930689/5125117 2349124/6123776 2693996/6692315
0.38 0.38 0.40
Working:
0
0.02
0.04
0.06
0.08
0.1
0.12
0.14
0.16
0.18
0.2
2010 2011 2012
Return on Asset
Return on Asset
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OperatingIncome =GiveninProfit& Loss Account
Total Revenue =GiveninProfit&Loss Account
Explanation:
The chart isshowingthatoperatingmarginremainssame at2010 and 2011 but ithas rapid
increase in2012. This showsthe salesin2012 increasedoverthe costsrapidly.
Return on Equity:
ROE = (Net Income / Stockholder Equity) * 100
Year 2010 Year 2011 Year 2012
907813/3717976 1253857/4680950 1410,040/3708001
0.24 0.27 0.38
Unit= Percent
0.37
0.375
0.38
0.385
0.39
0.395
0.4
0.405
2010 2011 2012
Operating Income Margin
Operating Income
Margin
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Working:
NetIncome = GiveninProfit& lossAccount
StockholderEquity=GiveninBalance sheet
Explanation:
The Return onequityasshowningraph is increasingeveryyear from24% to 38% whichisa
healthysignof investinginthe companyasthe returnsovershareholderequityare continuously
increasing.
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
2010 2011 2012
Return on Equity
Return on Equity
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T:020 7265 8799 020 7100 1300 F:020 7423 9183
40
AssetTurnover Ratio:
Assets Turnover Ratio = Sales or revenue / Total Assets
Year 2010 Year 2011 Year 2012
5125117/8315138 6123776/9034695 6692315/7999760
0.62 0.68 0.84
Unit= Percent
Working:
Revenue =GiveninProfit& LossAccount
Total Asset= GiveninBalance Sheet
0
0.2
0.4
0.6
0.8
1
2010 2011 2012
Asset Turn Over
Asset Turn Over
41. Internship Report
120 Mile End Road London E1 4UN United Kingdom
E:info@euroafricatravel.co.uk U:www.euroafricatravel.co.uk
T:020 7265 8799 020 7100 1300 F:020 7423 9183
41
Explanation:
The PICT ishavingthe ratio of Assetturnover62%, 68% and 84% in2010, 2011 and 2012
respectively.The barchart isshowingacontinuousincrease init.
OperatingCash flowRatio:
Operating Cash flow Ratio = Operating Cash flow / Current Liabilities
Year 2010 Year 2011 Year 2012
1812423/1152307 2068656/1265130 1450850/1430912
1.57 1.64 1.01
Working:
OperatingCashFlow= GiveninCash Flow
CurrentLiabilities=Givenin Balance Sheet
42. Internship Report
120 Mile End Road London E1 4UN United Kingdom
E:info@euroafricatravel.co.uk U:www.euroafricatravel.co.uk
T:020 7265 8799 020 7100 1300 F:020 7423 9183
42
Explanation:
The operatingcash flowforthe year2010, 2011 and 2012 are 1.57, 1.64 and 1.01 respectively.
The cash flowhas slightlyincreasedfrom2010 to 2011 but it goesrapidlydownin2012. In 2012 the
companyisshort of cash as comparedtoprevioustwoyears.
Dividendper Share:
Dividend per share = Dividend paid to Shareholders / Number of shares outstanding
139252/127153.2 272883/127153.2 1603743/127153.2
1.10 2.15 12.61
Unit= Rupee
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
2010 2011 2012
Operatin Cash flow
Operatin Cash flow
43. Internship Report
120 Mile End Road London E1 4UN United Kingdom
E:info@euroafricatravel.co.uk U:www.euroafricatravel.co.uk
T:020 7265 8799 020 7100 1300 F:020 7423 9183
43
Working:
DividendPaid to share holder= GivenatCash Flow statement
Numberof Shares = PaidUp capital / Par Value of share
= 1271532 / 10
= 127153.2
Note = Taking Par value per share equal to RS 10.
Explanation:
The Dividendpershare isthe actual profitcompanyisdistributingtoshareholders.The
companyisgivingDPSof 1.10, 2.15 and 12.61 on 2010, 2011 and 2012 respectively.
0
2
4
6
8
10
12
14
2010 2011 2012
Dividend Per Share
Dividend Per Share
44. Internship Report
120 Mile End Road London E1 4UN United Kingdom
E:info@euroafricatravel.co.uk U:www.euroafricatravel.co.uk
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44
Earnings per Share:
Earnings Per Share = Net Income / Average No. of Shares Outstanding
Year 2010 Year 2011 Year 2012
907813/127153.2 1253857/12715.32 1410040/12715.32
7.14 9.86 11.09
Working:
NetIncome = GivenatProfitLoss statement
Numberof Shares = PaidUp capital / Par Value of share
= 1271532 / 10
= 127153.2
45. Internship Report
120 Mile End Road London E1 4UN United Kingdom
E:info@euroafricatravel.co.uk U:www.euroafricatravel.co.uk
T:020 7265 8799 020 7100 1300 F:020 7423 9183
45
Explanation:
The Earning pershare of the companyis increasingeveryyearfrom2010 to 2012 from7.14 to
11.09. The more EPS will in2012 is maximum profitonsingle share companyindistributingamongall
three years.
Future Prospects of organization:
Euro Africa travel is now the phase of growthand grabbingthe marketrapidly.
The company hasplannedtoget console fordifferentairlines togettheircustomersmaximumoptions
for travel. The companyhasintroducedonline depositoptionintheirwebsitetofacilitatetheir
customers.
The company isalsointroducinganothersub-divisionthatwouldrun entrepreneurshipbythe
name of company. That unitwill introduce the servicesof implementingthe ERPsystemtoother
travelingagenciesandthe accountantsdepartmentwouldalsobe takingcare of accountsfor those
companies.
0
2
4
6
8
10
12
2010 2011 2012
Earning Per Share
Earning Per Share
46. Internship Report
120 Mile End Road London E1 4UN United Kingdom
E:info@euroafricatravel.co.uk U:www.euroafricatravel.co.uk
T:020 7265 8799 020 7100 1300 F:020 7423 9183
46
Conclusion:
Learning/ trainingexperience
Euro Africatravel isgood originationhavingareputedname inmarket.Theyhave theirpolicies
and managementsystemwhichdefinesthe rulesandregulations.Whileworkingwiththe companyI
foundthat theyare missingthe departmentof HumanresourcesorPersonal,thatcouldbe a major
weaknessof the companyinfuture.
I spendmymost of the trainingsessioninaccountsdepartmentwhereIexperiencedthe basicsof
accountancyI had alreadylearntinmy studyprogramsand alsogot the chance toapplymy knowledge
inthe field.Thistrainingwasthe firsttimeseverIlearnthow touse software accounting.
The company hasplannedtopay commissions,Bonusandincrementstothe employeesdepending
upontheirefficientandeffectiveworktomotivate theiremployees.Buttheycantake more
commitmentfromtheiremployeesif provide jobsecurity.
I have analyzed that the major purpose of the Euro Africa travel is not the only earn big profit but also
the fulfillment of the customer requirements and demands by providing the best quality services to
them. The behavior of the staff is also very goodwith their clients and it depends on that how they work
withteamefforttomeetthe customer’srequirements.
RatioAnalysis
While analyzingthe ratiosof PakistanInternational Container Terminal Limited,I foundout
that the companyhas maximumcashinflow in2011 as the liquidityratiosare more ascomparedto
2010 and 2012. The workingcapital isalsomore in year2011. Interms of profitabilitythe companyis
earningmaximumprofitinyear2012. The company’sfiguresare showingbestReturnonAssetand
Returnon equityinyear2012.
47. Internship Report
120 Mile End Road London E1 4UN United Kingdom
E:info@euroafricatravel.co.uk U:www.euroafricatravel.co.uk
T:020 7265 8799 020 7100 1300 F:020 7423 9183
47
Recommendations:
Beinga part of Euro Africa Travel I foundsome areasthat companyneedtowork onfor getting
betterresults:
The company shouldprovide jobsecuritytotheiremployeesanddeveloptheircarrierinthe
company.
The company shouldprovide benefitslike medical andtransporttothe employees.
The managersshouldtake care of environmentof the officesandkeepitprofessional.
Companyshouldarrange the trainingsforthe employeestoenhance the skillsand knowledge.
The company shouldalsoincrease some staff inAccountsdepartmenttofulfillthe jobandtake
care of upcomingprojects.
The company shouldupdate theirsystemsandworkonthe weakareas of the software.
Pakistan International Container terminal Limitedhas a well establishedcompanyhavingstrong
numbersof profitsand asset.The companyhas abilitytopaybackitsliabilitiesandalsoenough cashto
fulfillitsoperations. Dividendgiventothe investorsbythe companyisquite low,thatcouldbe a
drawbackfor the company.Companyshouldtake some stepstocontinue increasingthe salesandtake
care of theirliquidityaswe have seenthe liquidityratiosgraphgoingdownwardsin2012.
48. Internship Report
120 Mile End Road London E1 4UN United Kingdom
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T:020 7265 8799 020 7100 1300 F:020 7423 9183
48
Reference andSources:
Followingare the sourcesusedforgettingmaterial:
History of Euro Africa Travel
http://www.euroafricatravel.co.uk
Financial Statementsof Pakistan International ContainerTerminal Limited
http://www.pict.com.pk/eServices/FinancialReports.aspx?report=y
Analysisof company’s ratios
http://www.investopedia.com/articles/stocks/06/ratios.asp