Download - Siemens Pakistan

50 Directors’ Report
Investment in retirement benefits
The value of investments, made by the staff retirement funds operated by the Company as per their
respective audited financial statements are as follows:
(Rupees in million)
Provident Fund as on June 30, 2006 522.022
Gratuity Fund as on September 30, 2006 109.131
The audit of the funds for the year 2007 is in progress.
Quality management
Innovation, High -Tech products and unprecedented mastery and successful application of new methods
and technologies have shaped the history of our Company. We have been able to sustain our success
though maintaining our Quality Standards - this is our commitment to all our stakeholders.
While making the Quality as a benchmark of our success, we adhere to the three cornerstones of its
implementation strategy: to achieve customer satisfaction by providing Best Products and Services,
through our Efficient Processes and by our best trained and motivated Employees. All activities in our
Company, therefore, are directed towards achieving these goals.
Our Quality Management System's involvement starts at the strategic planning stage and goes all the
way until the product and services are delivered. It continues its journey towards continual improvement
through customer and employee feedback and by critical performance evaluation of our processes.
Quality Management Surveillance Audit of ISO 9001:2000 Certification was conducted this year without
any Non Conformity and we endeavor to maintain this record in the future.