VIRTUAL PHARMACEUTICAL COMPANY (VPC)

Group members:

•Dastgeer Khan-Leader 11338•Barsha Javed 11321•Anna Rafique 11315•Mehwish Khan11353•Tullat Rasool 11316

5 MUSKETEERS

INTRODUCTION TO FIELD

Pharmaceutical is basically the profession of health that links the health sciences with the chemical sciences and it is charged with ensuring the safe and effective use of medicines. The word Pharmacy is derived from Greek (pharmakon), meaning "drug" or "medicine". The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications.

INTRODUCTION TO COMPANY

• Virtual pharmaceutical company (VPC) is a manufacturing based pharmaceutical company.

• Currently our business is running in Pakistan, focusing 5 Zones (Gujranwala, Lahore, Islamabad, Karachi and Peshawar). • We produce pain killers & cough syrups.

MISSION

We have a challenging and inspiring mission:

“To improve the quality of human life by enabling people to do more, feel better and live longer”.

This mission gives us the purpose to develop innovative medicines and products that help millions of people around the Pakistan.

ORGANIZATIONAL STRUCTURE

ORGANIZATIONAL STRUCTURE

Plant Raiwind Rd LHR + H.O

Sub Offices

GRW ISB KCH Peshawar

Head Office may include following departments:

HEAD OFFICE

ADMIN DEPT

BOD

CEO

General Secretary

Managers

QA DEPT

CQA

Asst. QA

Member

MTO

Finance DEPT

CFO

Finance Manager

Asst. Finance Manager

MTO

Accounting Dept

Inventory Reports

Purchase

Sales

M.T.O

Internal Audit Dept

Senior auditor

Junior auditors

Members

MKT DEPT

Chief MKT

P.R. Manager

Advertising

M.T.O

Purchase DEPT

CPM

Asst .P.M

Junior PM

M.T.O

SALES DEPT

CSM

Asst .S.M

Junior SM

M.T.O

HRM Dept R & D

Dept

IT DEPT Inventory

Dept

EMPLOYEE HIERARCHY

No. of employees in Finance

7 members

1 1 1 4

CFO Finance Manager Asst. Finance Manager MTO

No. of employees in internal audit department

5 members

1 1 3 Senior auditor Junior auditors Members

No. of employees in Accounting dept 16 members

1 1 14

Accounts manager Assist. Accounts Manager MTO

Head of accounts 1 Head of accounts 2

1 1Supervisor Supervisor

2 2 2 2 2 2 Purchase Sale Inventory Payroll Tax Payables &

returns receivables

SYSTEM OF ACCOUNTING DEPT

Reports of sales dept

Reports of purchase

dept.

Reports of other dept.

Reports of finance dept.

Assistant Accounts Manager

Accounts department

Accounts manager

SalesPurchase

Head of accounts 2

Head of accounts 1

Tax returnsPayrollInventory Payables and receivables

M.T.O’s M.T.O’s

FINANCE DEPT

Debtors

Budget decide

Allocation of finance

Creditors Employees

Requisition Filled

Finance manager

Accepted list prepare

Allocate

Finance

CFO

CFO

Assist. Finance manager

Acc

epte

d/R

ejec

ted

quot

atio

ns

Allocation of Finance

Accepted Report

Finance quotation from other

dept.

Allocate

Finance

Quotation

Accepted/rejected Quotation

Senior auditors

H.O

Junior auditors

Members

Verification of assets

if any

Inventory DEPT

Accounting DEPT

MKT DEPT

Purchase DEPT

Sales DEPT

HR DEPT

R&D DEPT

IT DEPT

RE

PO

RT

Reports

AU

DIT

DE

PT Audit

department

ADMIN DEPT

QA DEPT

Finance DEPT

OGOR Software

INTERNAL AUDIT

An audit will comprise of four stages:•Planning•Fieldwork •Reporting•Follow-up

OBJECTIVE OF OUR INTERNAL CONTROL SYSTEM:

1. Efficiency of the work2. Effectiveness of the work3. Consistency of the true picture of the company4. To eliminate the errors and frauds5. To reduce manual efforts6. Comprehensive information of the company7. To stabilize the system8. To help in making unqualified report by the auditors in the final audit9. Reduce the burden of the accounts department

SYSTEM TRANSPARENCY

DUE TO REPORT SYSTEM OF OUR COMPANY:

• In every department and sub offices 2 reports in a day

• 1st report at 1 P.M to concerning departments head & 2nd report to the audit department

• Accounts department send report to the head department of accounts & after verification final reports send to the audit department

• .Logins will be given to every department whereas it will be controlled by H.O

• Logins will be given to our supplier out of the city or country so that they may get an access to our industry regarding supplies.

PurchasesPurchases

InventoryInventory

AccountsAccounts

AuditAudit

H.R.MH.R.M Quality assuranceQuality assurance

AdminAdmin

I.TI.T

FinanceFinance

MarketingMarketing

R & DR & DSalesSales

2000 GB

20000 GB20000 GB

PeshawarGujranwala IslamabadKarachi

2000 GB 2000 GB 2000 GB 2000 GB