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TOPIC: COMPARESON OF THE FINANCIAL POSITION OF WARID AGAINST UFONE AND TELENOR.

SUBMITTED BY: ZARWAR KHAN SUBMITTED TO: MADAM SHABANA GUL PROGRAM: Group MBA (evening) (D)

COMPARESON OF THE FINANCIAL POSITION OF WARID AGAINST UFONE AND TELENOR

Introduction
Warid telecom is joint venture between Abu Dhabi groups and sing Tel group. Abu Dhabi group one of the largest business group in the Middle East and the single largest foreign investment in Pakistan. It has diversified business interests, offering strong financial resources and extensive management expertise that result in commercial success of several institutions. Al Wateen Telecom introduces Warid telecom in Pakistan march in 2004.

Statement
To determine the financial position of Warid against ufone and telenor

Literature Review
The status of the assets, liabilities, and owners' equity (and their interrelationships) of an organization, as reflected in its financial statements all so called financial condition. To understand and value a company, investor has to look at its financial position. Fortunately, this is not as difficult as it sounds. If you borrow money from a bank, you have to list the value of all your significant assets, as well as all your significant liabilities. Your bank uses this information to assess the strength of your financial position; it looks at the quality of the assets, such as your car and your house, and places a conservative valuation upon them. The bank also ensures that all liabilities, such as mortgage and credit card debt, are properly disclosed and fully valued. The total value of all assets less the total value of all liabilities gives your net worth, or equity. Evaluating the financial position of a listed company is quite similar,

except investors need to take another step and consider financial position in relation to market value
(http://www.investopedia.com/articles/fundamental/04/063004.asp#ixzz1vh5mq2OZ)
(http://www.businessdictionary.com/definition/financial-position.html#ixzz1vh4lUGLJ)

Purpose of financial statements by business entities


The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions." Financial statements should be understandable, relevant, reliable and comparable. Reported assets, liabilities, equity, income and expenses are directly related to an organization's financial position.

Award of the year


Lahore, December 11/2008: Warid Telecom (pvt) limited has own 'Brand of the year award, again in 2008. In 2008, in the category of the best cellular company in the Pakistan: Prime Minister Yousaf Raza Gilani presented in the award to Faisal Ejaz Khan acting chief executive officer award.
http://www.waridtel.com/about/media/archive/brand_of_the_year_award.ph p

Performance
Management can be defined as "taking action in response to actual performance to make outcomes for user and the public better than they would otherwise be.
http://www.idea.gov.uk/idk/core/page.do?pageId=4405770; retrieved on 05-03-2012.

Market Share
According to Pakistan Telecommunication Authority "Warid Telecom has 28.14 million subscribers of 32 million in total as of July 2009. It is

ranked as the fourth largest operation in Pakistan. Warid Pakistan claims it has the largest "post paid" subscriber base in Pakistan"
http://ptcltelephonedirectory.com/blog/about-warid-telecom.html; retrieved on 05-03-2012

Scope of the study


In a saturated and highly competitive market place, the importance of financial position to market share growth and product success. But we cannot be over emphasized Pakistan cellular market is highly competitive.The scope of the study is very essential to proposed and its outcome for the beneficially for the both the parties including companies and our group. The scope of the study is very wide, after doing all necessary analysis for the report and research were available to do the firm and with of the firm profitability, fluctuation etc. and also about the loop hole the improvement are necessary to do so.

Objective of the study


By achieving of financial objective whether the current financial position of warid is impact on: i. ii. iii. Pricing objective Competitive objective Sales objective

Methodology
Data collection: Secondary data will be collect form difference sources
like KSC and the companies web sides.

Sample size and Technique: The sample size for research is the data
from 2010 to 2011.

Data analysis: We use regration and infaretionl statistic.

Reverences
1. NTCPK, Cellular Companies of Pakistan (on Line) Available http://www.ntcpk.com/

2. Annual Report 2012, Wateen Annual Report 2012, (On Line) Available http://www.wateen.com 3. Details published by Abu Dhabi Group on About us (On Line) Available http://www.waridtel.com/index.php 4.http://ptcltelephonedirectory.com/blog/about-warid-telecom.html; retrieved on 0503-2012. 5.http://freeonlinesurveys.com/v1/rendersurvey.asp?sid=i0v3581f0g5tsdu668562