Report on the Work Experience with Personal Development Planning

 Table of Contents

Background of the Khimji Ramdas. 3

Mission. 3

Vision. 3

Core values. 3

Nature of the business. 3

Location. 4

Products and services. 4

Organizational chart. 5

Details of Work Experience. 5

Section/department/center worked during training. 5

Day to day activities which was performed during work. 6

Reflection on Work Experience. 7

SWOT analysis of the Finance department. 7

New skills the student developed during the work experience. 9

Skills and knowledge that the student needs to enhance further. 9

Conclusion. 9

References

Background of the Khimji Ramdas
Mission of Khimji Ramdas

Khimji Ramdas is become a leading technology of the service provider by the innovative mindset which is also helping the customer to obtain their business goals as well as the equal opportunity of the workplace for the employees. Khimji Ramdas also sustain the position of leadership which is nurtured over the century period and it is also needs more than entrepreneurship. Khimji Ramdas also takes the skills of superior products and dedication of quality as well as excellence in everything which do corporate the environment and marked through the accountability of teamwork as well as constant innovation

 Vision of Khimji Ramdas

Khimji Ramdas is become a leading technology of the service provider for the customer by the value-driven innovation as well as also focused on the technological and driving the successful digital transformation for a 4IR-oriented organization of the future (Ict.kr.om, 2020). Khimji Ramdas vision is to upload a legacy of the proud past as well as strive which is realise the full potential as well as promise the millennium.  

 Core values of Khimji Ramdas

Care, Trust, and commitment from core values of the Khimji Ramdas. Its diverse activities of spanning from distribution, manufacturing, trading, restaurant as well as retailing. A group has around 100 retail outlets by the massive infrastructure as well as it also the extensive distribution of network across a country backed through the large warehouse facilities as well as the efficient supply chain.

Nature of the business

Khimji Ramdas operates the four (4) distinctive business clusters in which the 40 Oman, UAE, and Indian businesses are divided (Zawya, 2020).

Khimji Ramdas is the holding company by the interest in the consumer goods distribution, equipment of telecommunication, general food products, coating, and manufacture of paints, varnishes as well as office furniture which provides the non-life insurance, and travel agency, engineering consultancy along with the freight forwarding services that offers the management training services and also developed the software solutions. Khimji Ramdas also including the enterprises information of theology solutions; ownerships as well as operation of department stores, the fast food restaurants and the supermarkets (Khimji.com, 2020).  

 Location of Khimji Ramdas

Khimji Ramdas headquarters in 100, Muscat, Oman Building#443, Way#3109, Al Noor St, Ruwi, Muscat, and Muhafazat Masqat, Oman (Zoominfo.com, 2020)

Products and services of Khimji Ramdas

Khimji Ramdas represents the more than 100 global brands including the Pizza Hut, Rolex, and Swarovski. LG. Nikon, Philip Morris and P& G. And Khimji Ramdas is the food service distributor.

Organizational chart of Khimji Ramdas

Above organizational structure will be followed where the most important entity is corporate responsibility officer.

Details of Work Experience of Khimji Ramdas
Section/department/center worked during training

A part of the company which manages its money, and the function of business of the finance department is typically involves the auditing, controlling, planning, accounting as well as organizing the company finance. The Finance department is normally produced the financials statements of company. The finance terms which is clearly understood and there various meanings along with the interpretation of the different context. Then the finance might be has the administrative area or the set of the administrative function of organization that is also relates by the arrangement of credit as well as cash , so the company might  had carryings the objective which is satisfactorily.

The Finance department which is a part of organization and it is also answerable for obtaining the funds of firms, and managing the funds in an organization along with its planning of expenditure funds of the different assets. Finance department is a part of company that is also guarantees the efficient financial management as well as the financial control that is essential to provision the various business activities. The business runs on the money as well as a financial department of the company is the charge making which is also sure the funds that are obtainable as well as the business is able to admittance the cash in the different sustainable methods. The Finance is both of art as well as science which is managing it effectively and needs the judgment calls that is intuitive plus the careful calculations (Seidel, 2019)

Day to day activities which was performed during work

There are the following activities which were performed in the working experience of the finance departments training at Khimji Ramdas;

Bookkeeping of Khimji Ramdas

It is most basic function of the finance department which is also includes the day-today recording analysis as well as interpretation of the Khimji Ramdas financial transaction. It is also involves the tracking of the various expenses of payments , purchases as well as sales of the finished products which has some startup companies and the roles is often carried out through the bookkeeper which might be and replaced through the specialized receivables as well as payables for the Khimji Ramdas grows and expands the various operations.

Management of Khimji Ramdas Cash flows

It is duty that the finance department manages the various cash flows into the and out of the Khimji Ramdas along with it is also ensures and the enough funds which is available to meet the day-to day activities of the Khimji Ramdas. It is area which is also encompasses the credit collection and the polices of the Khimji Ramdas customer that is also ensures the creditors as well as vendors which paid them correctly on the time and the Khimji Ramdas is also paid correctly for use.

Forecasting and Budgets of Khimji Ramdas

The finance department also works for this function and it is also prepare the Khimji Ramdas budgets as well as forecast which give the feedback by the regards to the financial standing of the Khimji Ramdas. This type of information is also used to fulfill the cash and also needs for every department which plans Khimji Ramdas staffing levels, and plan assets. A finance department could also use along with the past records for the respective department which create the better budget and forecast over the short term and long term period  (Pharmapproach, 2020).

Management of taxes of Khimji Ramdas

Running Khimji Ramdas which is also includes the tax, as well as its duty for the finance department and also handle the issue related to taxes. It is also involves the good corporate relationship by the government through the remitting of PAYE with the relevant authority as well as also ensuring the tax matter.

Reflection on Work Experience of Khimji Ramdas
SWOT analysis of the Finance department

It defines the current position of the Khimji Ramdas before the company moves on to develop the new strategies ad new ideas, they move towards the SWOT analysis to make any decision (Mary Nestor-Harper, 2020).

SWOT analysis basically defines the strengths, weaknesses, opportunities, and threats that the organization needs to identify before taking any decision. SWOT analysis is used to analyze the different internal factors which are used to determine the value of the product in the market.  It is method to analyze the strengths and weaknesses as well as external opportunities and technologies used in the business (Reginald). These elements are used to formulate and regulate the policies in the business market to gain the competitive advantage in the market.  The SWOT analysis of the Khimji Ramdas is explained below:

Strengths of Khimji Ramdas:

This defines the strengths of the organization and how the organization is performing and what advantages does the organization have and the strength is an integral part of the organization and makes the organization stand in the crowd among the competitors. The structure of the business based on the chain of superstores which are most likely based on the cheap prices with the better quality which could meet the requirements of the customers. There are different levels of the exclusive and security with a huge amount of the stores whole in the UK and Europe. Online availability of the products which are available in the superstore gives more chances in the growth of the productivity  (Tiffany Lim, 2018)

Weakness of Khimji Ramdas:

Every organization has some weaknesses that the organization needs to overcome. The weaknesses might occur in the features of the Khimji Ramdas including the people, procedures, systems and the resources of any organization. Weaknesses should be identified in these things to overcome the weakness. It also has to face some weaknesses which are used to deal to treat the weaknesses in the market which are implemented in the UK market. It could be able to increase the productivity in the market so that it could be possible for the customers to utilize the items in the market so that customers could get the product in the market. There is also misperception in the market, the people think that if the prices are low there are most chances of low quality of the product and they do not purchase.

Opportunities of Khimji Ramdas:

Opportunities are the chances that the organizations have and the openings and new beginnings for the organization. The opportunities in the organization usually arise from the external forces or the outside situation that create new opportunities or organizations. The opportunities might be a rise in the development of the market or in the more efficient use of the technology. These things lead the Khimji Ramdas to compete in the market and lead in the market as well. There are most probably chances of getting opportunities which are most likely to get higher share in the grocery market. It would be successfully adopted which is more likely to gain the success in the market to gain the funds to invest in the market with the expansion of range of to gain order in the sell and purchase the different items.

Threats of Khimji Ramdas:

 Threats can be any force or any activity that can affect the Khimji Ramdas negatively and these forces can affect the Khimji Ramdas and the business. These negative forces include the problem of the supply chain, shortage of the recruits and shifts in the requirements of the market. The SWOT analysis helps the Khimji Ramdas to define the strengths and the opportunities and how can the company improve its weaknesses and threats towards the strengths and the opportunities. If the Khimji Ramdas is going to engage with the price and determination of the major issues related with different factors which are used in expanding the business of the competitive market. International growth in the business market which are cause of the competition in the market and may or may not affect the situation in the market.

New skills the student developed during the work experience

In the working experience of the finance department students would love to learn new things which they could also feel themselves and fell like the incomplete persons. Because of this factor they also learn the innovative things every time, because they want to get more knowledge and information about the new things. In their working routine student should apply the new things and they would also help the company in their own career.

Skills and knowledge that the student needs to enhance further

Student needs to enhance the skills and knowledge when they working in the team and they also had the worked together for the purpose and it is also refine the various queries into the final plan. In their routine wok being open to the others is supposed as the most unique quality in the personality set to the different methods which share their ideas regarding to various quires. There is the great method which the student thinks about the box along with to share the creative ideas which is main things and it is also helpful for them and they also motivate themselves which is also helped then to contribute the various innovations the various innovation by the Khimji Ramdas.

Conclusion of Khimji Ramdas

Summing up all the discussion it is concluded that the report is about the “Reflective Reports and Logs” in this report the selected company is “Khimji Ramdas” and the selected department is “Finance department”. The Khimji Ramdas also sustain the position of leadership which is nurtured over the century period and it is also needs more than entrepreneurship. Khimji Ramdas vision is to upload a legacy of the proud past as well as strive which is realise the full potential as well as promise the millennium. Care, Trust, and commitment from core values of the Khimji Ramdas. Khimji Ramdas operates the four (4) distinctive business clusters Khimji Ramdas is the holding company by the interest in the consumer goods distribution, equipment of telecommunication, general food products, coating, and manufacture. The Finance department is the part of the Khimji Ramdas which is also responsible for acquiring the funds for a Khimji Ramdas and it’s managing the funds in the Khimji Ramdas along with the planning of expenditure of the funds with differ net assets. It is a part of Khimji Ramdas which is also ensures an efficient management about finance along with to control the necessary support for the business activities. There are various contribution of the finance department to the Khimji Ramdas and in what way these type of contributions is positively effects for the performance of Khimji Ramdas and it would also greatly depends on the different factors like the extent that the manger and owner is included in the company. In this report the details of the work experience is also explained like about the Finance department, and the nature of work of finance department is elaborated in the above discussion. The day-day activity of the finance department along with the SWOT analysis of the Khimji Ramdas finance department is summarized. The new skills which are student learned in work experiences of the finance as well as they also improve their skills further. All the requirements which is mentioned in the given document is elaborated with the proper details.

References of Khimji Ramdas