RFC Destination - SAP .NET Connector 3.0

Are we suppose to create the RFC Destination "PRD_000" in SM59 for the following code? If yes, then how?

using System;
using System.Collections.Generic;
using System.Text;
//using System.Linq;
using SAP.Middleware.Connector;

namespace ConsoleApplication1
{

    public class MyBackendConfig : IDestinationConfiguration
    {
        public static void Main(string[] args)
        {
            Console.WriteLine("Test1");
            RfcDestinationManager.RegisterDestinationConfiguration(new
                 MyBackendConfig());//1
            RfcDestination prd = RfcDestinationManager.
               GetDestination("PRD_000");//2
            Console.WriteLine("Test2");
            try
            {
                Console.WriteLine("Test3");
                RfcRepository repo = prd.Repository;//3
                Console.WriteLine("Test4");    
                IRfcFunction companyBapi =
                   repo.CreateFunction
                  ("BAPI_COMPANY_GETDETAIL");//4
                Console.WriteLine("Test5");
                companyBapi.SetValue("COMPANYID", "00001"); //5
                Console.WriteLine("Test6");
                companyBapi.Invoke(prd); //6
                Console.WriteLine("Test7");
                IRfcStructure detail = companyBapi.GetStructure("COMPANY_DETAIL");
                Console.WriteLine("Test8");
                String companyName = detail.GetString("NAME1");//7
                Console.WriteLine("Test9");
                Console.WriteLine(companyName);
                Console.WriteLine("Test10");
                Console.Read();
                Console.WriteLine("Test11");
            }
            catch { }
            // next you should handle all the relevant exceptions, but
            // we will not do this here
            // some exception handling 

        }
        public RfcConfigParameters GetParameters(String destinationName)
        {
            if ("PRD_000".Equals(destinationName))
            {
                RfcConfigParameters parms = new RfcConfigParameters();
                parms.Add(RfcConfigParameters.AppServerHost, "111.11.111.11");
                parms.Add(RfcConfigParameters.SystemNumber, "00");
                parms.Add(RfcConfigParameters.SystemID, "PRD");
                parms.Add(RfcConfigParameters.User, "user");
                parms.Add(RfcConfigParameters.Password, "password");
                parms.Add(RfcConfigParameters.Client, "300");
                parms.Add(RfcConfigParameters.Language, "EN");
                parms.Add(RfcConfigParameters.PoolSize, "5");
                parms.Add(RfcConfigParameters.MaxPoolSize, "10");
                parms.Add(RfcConfigParameters.IdleTimeout, "600");
                return parms;
            }
            else return null;
        }
        // The following two are not used in this example:
        public bool ChangeEventsSupported()
        {
            return false;
        }
        public event RfcDestinationManager.ConfigurationChangeHandler
        ConfigurationChanged;
    }

}