Annual Report for the year ended March 31, 2012 5 Vision Statement Striving to be a company that society wants to exist by sharing joys with people throughout the world. Creating products that maximize the joy of customers, with speed, affordability and low CO2 6 Honda Atlas Cars (Pakistan) Limited Company Information The Board of Directors Audit Committee Mr. Yusuf H. Shirazi - Chairman Mr. Aamir H. Shirazi - Chairman Mr. Takeharu Aoki - President/CEO Mr. Takeharu Aoki Mr. Aamir H. Shirazi Mr. Akio Takemoto Mr. Akio Takemoto Mr. M. Naeem Khan Mr. M. Naeem Khan Mr. Shigeki Takane Mr. Shigeki Takane Mr. Hamood-ur-Rahman - Secretary Mr. Yuishi Fukuda Head of Internal Audit Company Secretary Mr. Hamood-ur-Rahman Mr. Sardar Abid Ali Khan Auditors Chief Financial Officer M/s A. F. Ferguson & Company Mr. Ayaz Mahmood Chartered Accountants Executive Committee Legal Advisor Mr. Takeharu Aoki Cornelius, Lane & Mufti Mr. Sardar Abid Ali Khan Bokhari Aziz & Karim Mr. Akio Takemoto Annual Report for the year ended March 31, 2012 7 Bankers Factory Citibank N.A. 43 Km, Multan Road, Deutsche Bank AG Manga Mandi, Lahore Faysal Bank Ltd. Ph: (042) 35384671-80 Habib Bank Ltd. Fax: (042) 35384691-92 E-mail: [email protected] MCB Bank Ltd. National Bank of Pakistan Regional Offices Soneri Bank Ltd. Standard Chartered Bank (Pakistan) Ltd. Lahore Office The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1-XX, Phase III, DHA United Bank Ltd. Ph: (042) 35694809, 35693992 Registered Office Karachi Office 1-Mcleod Road, Lahore C-149, KDA Scheme No.1 Ph: (042) 37225015-17 Street H, Karsaz Road Fax: (042) 37233518 Ph: (021) 34854973 Fax: (021) 34854974 Share Registrar Web Site M/s Hameed Majeed Associates www.honda.com.pk HM House, 7-Bank Square, Lahore. Tel: 042-37235081-82 8 Honda Atlas Cars (Pakistan) Limited Board of Directors Mr. Yusuf H. Shirazi Mr.Takeharu Aoki Mr. Akio Takemoto Chairman President & CEO Director / VP Production Mr. Shirazi is a Law Lahore Stock Exchange Mr. Aoki is President & Mr. Takemoto has been graduate (LLB) with BA and International Chief Executive Officer associated with Honda (Hons) and JD (Diploma in Chamber of Commerce (CEO) of Honda Atlas Motor Company Ltd., Journalism) from Punjab and Industry. He has been Cars (Pakistan) Ltd. He Japan for more than 36 University and AMP on the Board of Harvard has been associated years. He joined Honda in Harvard. He served the Business School Alumni with Honda Motor 1976 and began his career financial services of the Association and is the Company Ltd., Japan for in Quality Control Division Central Superior Services Founder President of last 23 years and has at Company’s Kumamoto of Pakistan for eight Harvard Business School rich experience of Sales Plant in Japan. years. He is the author Club of Pakistan. He has & Marketing. He started of five books including been a visiting Faculty his professional career in Mr. Takemoto has ‘Aid or Trade’ adjudged Member at National 1989. vast experience in by the Writers Guild as Defense University, Navy the Motorcycle and the best book of the year War College and National Mr. Takeharu Aoki has Automobile industry, and continues to be a School of Public Policy. He been working with having worked with columnist, particularly on has been on the Board of different Honda ventures Honda ventures in Italy economy. Governors of LUMS, GIK around the world. He has & Turkey. In his previous and FC College (Chartered been extensively involved assignment, he has Mr. Shirazi is the University), and Pakistan in Sales & Marketing and worked as Department Chairman of Atlas Group, Institute of Management. Global Product Planning Manager at Automobile which among others, Previously he also served, of automobiles. He has Production Planning has joint ventures with among others on the significant experience Office in Honda Motor Honda, GS Yuasa and Board of Fauji Foundation of working in United Company Ltd., Japan. He MAN. He has been Institute of Management Kingdom (UK), Canada and is presently Director / the President Karachi and Computer Sciences France. In his previous Vice President Production Chamber of Commerce (FFIMCS) and Institute of assignment, he was of Honda Atlas Cars and Industries for two Space Technology - Space working as Divisional (Pakistan) Ltd. terms. He has been & Upper Atmosphere Manager, Asia Oceania the founder member of Research Commission Sales Division in Honda Karachi Stock Exchange, (SUPARCO). Motor Company Ltd., Japan. Annual Report for the year ended March 31, 2012 9 Mr. Aamir H. Shirazi Mr. Shigeki Takane Mr. M. Naeem Khan Mr. Yuishi Fukuda Director Director Director Director Mr. Aamir is the Mr. Takane has been Mr. Khan is an AMP Mr. Fukuda has been President of Atlas Group. associated with Honda from Harvard Business associated with Honda He graduated from Motor Company Ltd., School, Boston, USA, a Motor Company Ltd., Claremont Mckenna Japan from last 31 years. fellow member of The Japan from last 25 years. College, California and Currently he is Director Institute of Chartered He is currently General completed his OPM of Asian Honda Motor Accountant Pakistan and Manager Automobile from Harvard Business Company Ltd. in Thailand. a member of the Institute Business in Asia Oceania School. He was the Chief of Chartered Accountants Region. Executive of Atlas Honda He started his career in in England & Wales. His Limited for over 10 years. Finance Division. After association with the Before taking over his He was also appointed that his career expansion Atlas Group extends to current responsibilities, as professional director started from Thailand, over twenty years in he was President of on the Board of Lahore Belgium, Germany and various capacities. He has Honda Deutschland Stock Exchange for two then to China. He has exposure in oil marketing, GmbH, Germany as well consecutive terms by the worldwide business food, investment banking as Honda Belgium N.V., Securities & Exchange experience. He also and capital markets. Honda Netherlands B.V. Commission of Pakistan. worked as General and Honda Nordic AB He has been Honorary Manager Tax Office with in Sweden. He has vast Consul General of Japan, Honda Motor Company experience of automobile Lahore since 2002. Ltd., Japan. industry. 10 Honda Atlas Cars (Pakistan) Limited Organization Chart Board of Directors President / CEO Vice President General Manager Senior Manager Manager Aoki Deputy Manager Division / Department Finance Marketing EDP After Sales Ayaz Sami (AGM) Ayaz Nadeem Mawiz/ Umair Afzal Ishtiaq Rao Arshad Aamer / Imran Naseem/ Scheraz Imran Haider Abid HR & Admin Logistics Maqsood Imran Tariq / Waseem/ Wajid Nauman Takemoto Manufacturing Production Ashraf Sohail PC/PD QD/QC Purchasing MA/Eng. WE PA Press/PO AF/AE/VQ Asif Basharat Zulfiqar Rafi/Asia / Ajmal/ Jamshaid / Nauman / Javaid / Aneel/ Fayyaz/ Mehtab Aslam Amir Khalid Mujahid Annual Report for the year ended March 31, 2012 11 Corporate Governance (Organization Structure) Board of Directors Audit Committee Code of Conduct President / CEO Director Level Policy Executive Committee Internal Audit Corporate Govrnance Secretariat Effective Risk Information Opration/ Compliance Management System Governance Audit Marketing Finance After Sales Divisional/ Logistics Functional Level Policy Production Manufacturing EDP Front Division for Corporate Govern- HR & Admin ance Improvement & Suggestions Individual Level Individual Code of Conduct Associates 12 Honda Atlas Cars (Pakistan) Limited Business Principles From Left to Right: Mr. Ayaz Hafeez (GM Marketing), Mr. Ayaz Mahmood (CFO), Mr. Sohail Nawaz (GM Production), Mr. Sardar Abid Ali Khan (VPA/ Co. Secretary), Mr. Maqsood-ur-Rahman (GM Logistics), Mr. Sami Shafi (AGM After Sales), Mr. Muhammad Ashraf (GM Manufacturing) HONDA MOTOR CO., LTD. JAPAN 3) Follow 3S spirit i.e. small, smart and speed. CORPORATE PHILOSOPHY 4) Believe in 3A “Hands on Approach” i.e. be on Actual Maintaining a global viewpoint, we are dedicated to Spot, look at the Actual Spot and confront the Actual supplying products of the highest quality yet at a Situation. reasonable price for worldwide customer satisfaction. 5) Be a good corporate citizen; assume a responsible role in community. MANAGEMENT POLICY PRIORITY STANDARDS OF CONDUCT 1) Proceed always with ambition and youthfulness 1) Safety: There can be no production without safety. 2) Respect sound theory, develop fresh ideas and make the most effective use of time 2) Quality: To achieve complete customer satisfaction by focusing on smart team work, meeting all 3) Enjoy your work and encourage open communications applicable legal and regulatory requirements & 4) Strive constantly for a harmonious flow of work continually improving our strategies and goals. 5) Be ever mindful of the value of research and endeavor 3) Productivity: With safety and quality each of us will strive to excel the performance in all fields of HONDA ATLAS CARS (PAKISTAN) LIMITED our activities i.e. Production Divisions, Marketing CORPORATE PHILOSOPHY & Planning, After Sales Service, Finance, Import, Purchase & Logistics and Human Resources & 1) Dynamic manufacturing and marketing of prestigious Administration etc. products to the entire satisfaction of customers 2) Create ideal working environment for continuous HUMAN RESOURCES AND SUCCESSION PLAN development of product and personnel Human Resources Policy is to hire young, fresh, energetic 3) Provide adequate return to shareholders and fulfill and active associates to meet the existing and future corporate civic obligations workforce