assigment

Topics: Management, Board of directors, Corporation Pages: 7 (1901 words) Published: November 28, 2013

National Foods began its journey in 1970 as a Spice company, with a revolutionary product that popularized the concept of having clean, healthy food. National foods’ initiatives were, to make food that is hygienic, reduce time spent in the kitchen by women, foster health and contribute towards personal attractiveness, so that people who use our products would be able to experience a more rewarding life-style. This was long before the phrase ‘Corporate Mission’ had even been invented. However, our  founder’s philosophy remains unchanged over time. Even if their language – and the notion of only women doing the housework – have become outdated, in this age of rapidly changing lifestyles, fuelled by the rampant development of technology; consumers are compelled to alter their eating habits. National Foods responds to this challenge of developing innovative food products based on convenience and quick preparation in line with modern lifestyles and yet retains traditional values through its diverse collection of food products. In a history that now crosses three decades, National Foods’ success has been influenced by the major events of the day – economic boom, depression, wars, changing consumer lifestyles and technological advancements. Even after three decades the company’s focal point still remains on customer’s needs through product development in line with the changing market trends. Culture

We talk about our values consistently at all levels and use the HAMSAB platform to build and sustain a healthy positive vibe across the organization. With the growing passage of time, we reinforce our core values through communicating them down to every level in the organization. We remind our people of the principles we stand for and how to create business opportunities within the boundaries of integrity and fairness. This is how we create lasting change and develop a mindset of a truly accountable workforce. CEO Name

ABBRAR HASAN
::.SECP Registration No,
N/A
::.Company Address
12/CL-6, CLAREMONT ROAD, CIVIL LINES, KARACHI.
::.CEO Address
112-ROHAIL KHUND CO-OPERATIVE HOUSING
Authorized Capital
50000000
::.Paid up Capital
42505380
::.Incorporate Date
2/19/1970
::.Authorized Capital Shares
5000000 
::.Paid up Capital Shares
4250538

Paid up other Shares

::.Authorized Per Value
10
::.Paid up Per Value
10 
::.Paid up other Per Value
0

National Foods must focus on customer's needs and serve them with quality products at affordable prices at their doorsteps. Our products must be pure and conform to international standards. Our research must continuously produce new adventurous products scientifically tested, hygienically produced in safe and attractive packaging. We must create environment in our offices and factories where talents are groomed and have opportunity to advance in their careers. We must prove to be recognized as good corporate citizens, support good causes-charity and bear fair share of taxes. Reserves must be built, new factories created, sound profits made and fair dividend paid to our stock holders through building a reliable brand. National Foods Ltd. must get itself recognized as leader in Pakistan and abroad. With the help of almighty God, the company can achieve its targets in years to come.

Mr. Iqbal Alimohamed a fellow member of the Institute of Chartered Accountants, ICAEW (England and Wales) as well as the Institute of Chartered Accountants in Pakistan (ICAP) and Certified Director of the Pakistan Institute Corporate Governance. Besides his vast experience in the Textile Industry, he also has very rich experience in the banking and financial fields and modern day management in Pakistan. Some of the organizations established and managed by him have become Centers of Excellence in their respective categories. Mr. Iqbal Alimohamed has been the Director of National Foods Limited since 2008. He is also the Chief Executive and Chairman of the Board of Directors of...
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