Maensu Business

Maensu Business PLC is a company in Ethiopia engaged in the import and export business. Its main business line is focused on the import and manufacturing of different types of electrical items in the areas of electrical distribution (air circuit breakers, residual current devices, switch disconnectors, surge protective devices, fuses, distribution boxes and others), industrial control, and accessories (AC/DC contactors, thermal overload relays, motor protectors, magnetic starters, cable connectors, control signals, industrial plugs, sockets and others), as well as power energy management devices (meters, current transformers, single and three-phase voltage stabilizers and others), Edison Lamps, FirstPower power backup devices (home UPS), TIBOX aluminum enclosure boards, stainless steel cabinets and floor stand cabinets and SUPER Fluorescent Tubes (lamps) for the local market in Ethiopia. Maensu's involvement in the export sector mainly has to do with the buying of different types of agricultural grains from the local market and exporting them to foreign countries.  COMPANY ORGANIZATION & HUMAN RESOURCES  Maensu Business PLC is a private limited company established in accordance with the Commercial Code of Ethiopia of 1960 and registered with the Ministry of Trade and Industry of the Federal Democratic Republic of Ethiopia on Ginbot 12, 2005 E.C. Initially, its authorized capital was birr 3,000,000.00 subdivided into 300 shares with a par value Birr 10,000.00 each. The capital has been increased to Birr 29,070,000.00 in 2010 E.C, subdivided into 2,907 shares with a par value of Birr 10,000.00 each.  As it is stated in the memorandum of associations, the General Manager is elected and appointed by the shareholders in order to perform all managerial activities of the company. At the beginning of the year 2009/10 E.C, the company had 19 Permanent workers. In 2010 E.C, for the accomplishment and achievement of the laid-up goals, a new manufacturing plant has been bought and erected, and the number of workers increased accordingly. The company pays attention to providing favorable working conditions as well as to open work opportunities. The higher authority of the company is a group of the shareholders and along with this, there are the management groups that are represented by the shareholders to manage and control as well as to run the entire middle and low-level activities of the company.  The company has been organized with a structural hierarchy from the board of directors to the low level. Departmental policies, standards, basic rules and regulations fundamentally have been set up for the achievement of future objectives of the company.  GENERAL & PAID UP CAPITAL OF THE COMPANY Item No Name of Members  No of Share  Each Share  Total Capital  1 Ato Abdu Muzein Ali 919 10,000.00 9,190.000.00  2 W/Ro Senya Muzein Ali 919 10,000.00 9,190.000.00  3 Ato Mohammed Muzein Ali 919 10,000.00 9,190.000.00  4 Ato Oumer Muzein Ali 50 10,000.00 500,000.00  5 Ato Nebil Muzein Ali 50 10,000.00 500,000.00  6 Ato Ismael Muzein Ali 50 10,000.00 500,000.00  MAIN PLAN & TYPES OF JOBS RENDERED  The company has been incorporated to perform importing electrical items from abroad and supplying them to the local market as well as manufacturing local boards and assembling related products to the electro-mechanical assembling companies in the local market. The company is working on expansion in the manufacturing sector to upgrade its market share. To facilitate and accomplish these operational tasks, the company uses big warehouses for the purpose of manufacturing and bonded warehouses for the purpose of storage and for other related operation works. In the coming years, the company plans to manufacture SKD LED Bulbs, SKD Stabilizers, and SKD Extension Sockets. Based on its annual planning for the coming five years, the company gradually increase its manufacturing capacity by 20%. SALES AND MARKETING Having considered its past sales and marketing plans performance, as well as studying the market prospects, the company has set new plans to expand in the manufacturing sector.  Hence, the company projects that its general product sales will continue in a similar growing range corresponding with the past years' electrical items sales performance. Therefore, for the newly manufactured products, marketing woks will be supported through promotion works parallel with other electrical materials supplies.  FINANCIAL GROWTH The company's financial record shows that an annual sale as stated below is increasing. Based on the company's past financial records, it is expected to grow the production and sales volume of the company.  CONCLUSION According to its précised structures, the company is effectively working on an improvement to grow, as well as growing the knowledge and skills of its workers accordingly to match with their duties and responsibilities to achieve maximum organizational goals. Major and important works are accomplished by performing and delivering monthly financial reports to the concerned government organization like Ethiopian Customs and Revenues Authority as well as others.  The company has numerous customers with whom it has good business relationships, reinforcing its base of quality sales and manufacturing products through its various branch and sales offices.