Askari Cement Nizampur
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Transcript of Askari Cement Nizampur
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COMSATS
Institute Of Information Technology Wah Cantt
Internship Report
On
Askari Cement Nizampur
Group No !
Submitted To: Mr Faheem A Khan
Submitted By: FARYAL ARIF AWAN
Reg No: SP06-MBA-016
MBA 4 A (Finance)
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Ta"le of Contents
S#No $escription %ageNo
!# Dedication &
'# Acknowledgement (
Executive Summary )
(# History *
)# Objectives +
*# Overview of Firm ,
+# Organiational Structure !
,# Finance De!artment Structure !&
-# O!erations Of Finance De!artment !(!# Functions Of Finance De!artment !)
!!# Financial "atios '!
!'# #i$uidity "atios '!
! #everage "atios '(
!(# Activity "atios '*
!)# %rofitability "atios &
!*# &ra!'ical "e!resentation &&
!+# S(O) Analysis &,!,# *nterns'i! Ex!erience (!
!-# S'ortfalls of Finance De!artment ((
'# +onclusion and "ecommendations ()
'!# "eference And Source (*
''# Annexes (*
,
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$.$ICATION
* dedicated t'is work to my !arents w'o are most valuable for us
in t'is world- )eac'ers and all t'ose friends w'o 'el! me to
accom!lis' t'is task-
.
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AC/NOW0.$G.M.NT
All !raises for Alla'/ 0ost eneficent/ &racious and ever
0erciful- ('o gave us t'e !ower to do t'e sig't to
observe and mind to t'ink and judge- * wis' to ex!ress
my sincere obligation and a!!reciation to my teac'ers
w'ose skillful guidance/ sincere encouragement and
devotion remain wit' me-
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.1ecuti2e Summary
)'e interns'i! re!ort 'as been !re!ared on t'e Finance
de!artment of Army (elfare )rust 3iam!ur +ement %lant in
order to com!ly wit' t'e necessary re$uirement of +O0SA)Sfor obtaining t'e 0A Degree-
*n t'is re!ort a detailed introduction to t'e organiation 'as been
given- S!ecific consideration is given to t'e Finance
De!artment- Section wise functions of t'e de!artment 'ave
been discussed in detail-
Financial analysis 'as been !erformed using financial analysis
tec'ni$ue financial ratios and gra!'ical re!resentations of t'ese
ratios are included- Finally s'ort4falls5weaknesses 'ave been
given and recommendations and conclusions 'ave also been
given for im!rovement#
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3istory
)'e !lant 'as been installed by Army (elfare )rust-
+onstruction of t'e %lant was started in 177.- *ts first line of t'e
ca!acity of ,888 tonnes !er day was com!lete and it started
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!roduction in 1779- Erection5installation of second line also of
t'e ca!acity ,888 tonnes !er day was started in 177: and was
com!leted in second $uarter of ,88.- *t started commercial
reduction wit' effect from 1st jul ,88.- )'e !lant was designed
by 05s )ianjin +ement Design ; "esearc' institute/ +'ina and
was su!!lied by 05s +'ina uilding 0aterial *ndustrial
+or!oration niversity to com!lete t'e interns'i! in any organiation
for a !eriod of at least 2 weeks- )'e objective of doing interns'i!
was to ac$uire !ractical knowledge of working 5 functioning of
Finance De!artment in t'e real world- *t also 'el!s t'e student of
0A to 'ave understanding about a!!lying t'eoretical as!ects
of 0A study-
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O2er2ie: of AWT Nizampur Cement %lant
Askari +ement 3iam!ur commissioned on @une .8/ 1779 is
one of t'e industry set4u! by t'e Army (elfare )rust- A() was
founded on October ,7/ 17:1 under Societies "egistration Act-
)'e !ur!ose of 'aving an organisation of t'is nature was to
e$ui! it wit' willing workers/ to generate funds to meet t'e
obligation of welfare and re'abilitation and 'el! t'e or!'ans and
widows of S'a'eeds; disabled and retired !ersons of %akistan
Army as well as t'eir de!endants-
O"
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4usiness 6olume
"evenues generated from t'e sale of cement are as detailed below/
Cear "evenues 3et Sales
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Organizational Structure AWTNC%
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Organiation structure is 'ig'ly formalied- All decision !owers
lies at Directors level and distributed among t'em on t'e basis
of financial ceilings suc' as 0D financial !ower is limited to "sB
6 #ac/ D* u!to "sB, #ac and D%+ u!to "sB 1 #ac- 0anagement
style is more autocratic and little bit !artici!ative in nature-
*nformation flows downward and little !artici!ation of low4level-
Main 3ea> Office
0ain 5 Head office is located in t'e A() %laa/ )'e 0all/
"awal!indi +antt- Following de!artments are in t'e 'ead office/
• Director %roject
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7actory Site
Factory management 'as been categoried in t'e following
de!artments/
• &eneral 0anager
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+ement/ (a'- %roduction from bot' t'ese !lants is being
marketed by t'e combine marketing de!artment 'eaded by
Director
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16
&eneral 0anager
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3uman Resources of 7inance $epartment
)'e total number of em!loyees working in Finance De!artment
of A()3+% is ,.- Out of w'ic' 1? are in Head Office and 6 at
!lant site-
7inance ? Accounting Operations
Finance De!artment !erforms t'e following o!erations for t'e
organiation/
• %rovide coordination to 'ig'er management in long4term
business !lanning and formulation of financialmanagement strategies in consultation wit' t'e A()
Financial 0anagers-
• Funds 0anagement-
• %romoting cost consciousness wit'in t'e organiation
using variance analysis of budgeted versus actual
ex!enses-• 0aintenance of accounting books and !re!aration of
financial statements in accordance wit' t'e com!anys
ordinance re$uirements-
• %re!aration of various financial re!orts to t'e 'ig'er
management 'ig'lig'ting !erformance of t'e
manufacturing unit and financial !osition-
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•
+oordinate wit' *nternal ; External Auditors-
7unctions of 7inance $epartment
Accounting System of the Organization
)'e accounting system of t'e Organiation consists of t'e
followingsB4
• Accounting at Head Office-
• Accounting at %lant Site-
Accounting in 3ea> Office
)'ere are different sections in Head Office- Eac' section is
'eaded by t'e Assistant 0anager- Section wise res!onsibilities
are as 'ereunderB4
&eneral #edger SectionB
• %re!aration/ !rocessing and !osting of journal vouc'er
and bank !ayment vouc'ers of eac' transaction-
• 0aintenance of record for all t'e @s and bank
!ayment vouc'ers-
• 0aintenance of com!uteried ledgers-
• Settlement of accounts wit' t'e site office-
• %re!aration of final accounts-
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+ost ; udgeting Section
• %re!aration of Annual "evenue ; +a!ital budget on t'e
basis of 'istorical data cost of !roduction re!orts and
markets demand and !rice forecasts-
• %re!aration of variance analysis re!orts-
•
Allocation of budget !rovisions on t'e !rocurement 5work order cases-
• 0*S re!orting
• 0ont'ly cost of !roduction re!ort-
Sales Accounting Section
• ee! record of orders received/ dis!atc'es and
!ayments record-
• *nteraction wit' t'e marketing de!artment for customer
su!!ort-
• "e!orts !re!aration !ertaining to Sale of +ement-
ank ; *nsurance Section
• )ransfer of funds
• "econciliation of all bank statements
• Dealing wit' banks
• Dealing wit' t'e insurance matters-
%ayment 5 %ayable Section
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•
0aintenance of record !ertaining to t'e contractors 5su!!liers-
• Scrutiny of !urc'ase and work order cases to c'eck
financial viability-
• %ayments to t'e su!!liers and contractors-
+om!uter Section
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Store Accounting Section
• 0aintenance of Store *nventory record
• "e!orting *nventory %ositions
• 0aintenance of record for
%urc'ase orders
0aterial recei!ts
*ns!ection re!orts-
Factory Accounting Section
• 0aintenance of factory ledgers-
• De!artmental cost determination
• >nit cost determination-
• 0aterial wise consum!tion 5 !roduction re!orts-
%ayroll Section
• %re!aration of salary s'eets of officers/ workers
and daily wages em!loyees after collecting
information from t'e administration de!artment
regarding attendance/ leaves etc-
7inance System of the Organization
oard of directors a!!roves t'e annual budget/ w'ic' is
considered as a!!roval in !rinci!le for all t'e items included in
t'e budget- *t determines t'e yearly finance re$uirement of t'e
com!any- )'e com!any meets it re$uirement t'roug' t'e
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revenue received from t'e sale of cement and funds received
from A() Head Office-
8se of .lectronic $ata in $ecision MakingB
0ajority of em!loyees of finance de!artment are !rovided wit'
com!uter- )'ere is a dedicated com!uter !rogrammer for
Finance De!artment/ w'o develo!s and maintains following
accounting systems to facilitate t'e staff and im!rove t'e
efficiency of t'e de!artment manifold-
#edger Accounting System
Sales Accounting System-
+ost Accounting System-
%ayroll Accounting System-
All t'ese com!uteried accounting systems give t'e $uick and
timely information to t'e management- )'us use of electronic
data !lays a very effective role in decision making-
Mo"ilization of 7un>s+ustomers de!osit !ayments against t'e cement booking orders
t'roug' out %akistan in t'e nominated bank branc'es of
Askari +ommercial ank #td-
0uslim +ommercial ank #td-
Allied ank #td-
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All branc'es 'ave t'e standing instructions of transferring of
daily recei!ts to t'e res!ective main account of A()3+%
kee!ing "sB 188854 as balance wit' t'em- %ayments received
t'roug' cross c'e$ue are directly de!osited to t'e main account
of A()3+%- *ts t'e res!onsibility of bank section to ensure
timely bank transfers- Similarly disbursement accounts 'ave
been o!ened in t'ese banks from w'ic' com!any does
s!ending 5 make !ayments-
Sources of 7un>s
One source of funds is t'e sale of cement !roduced by t'e
com!any- A() 'ead office s
Annual budget is !re!ared in t'e lig't of marketing de!artment
forecasts about t'e demand of cement in t'e market and
forecasted !rice of cement in t'e market- )'en de!artment wise
budget was !re!ared in t'e lig't of available forecasts and
'istory data- OD a!!roves t'e budget- )'is forms t'e basis for
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allocation of funds to all de!artments- )'ere are two kinds of
budgets/
• +a!ital udget is !re!ared for allocation of funds for
ca!ital s!ares for cement !lant/ furniture and fixture and
ve'icles-
• "evenue udget is !re!ared for allocation of funds for t'e
raw materials and s!ares consumed in t'e !roduction!rocess-
7INANCIA0 RATIOS
"atio Analysis is an excellent met'od for determining t'e overall
financial condition of com!any- *t !uts t'e information from afinancial statement into !ers!ective/ 'el!ing to s!ot financial
!atterns t'at may t'reaten t'e 'ealt' of t'e com!any- "atios are
also very useful for making com!arisons between com!anies
relevant to t'e same industry- )'e analysis of financial
statements can !rovide reasonable insig't into a firmIs state of
affairs- ut t'e statements 'ave in'erent limitations/ w'ic'
re$uire care and !rudence in t'eir uses-
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0I@8I$IT9 RATIOS
Current Ratio
+urrent ration measures t'e extent of w'ic' a firm can meet its
s'ort4term obligations-
Analysis
)'e current ratio is a measure of li$uidity- *t 'el!s us to answer
t'e $uestionB *f a business 'ad to !ay off all its current liabilities
tomorrow/ would it 'ave enoug' current assets to make t'e
!ayments and avoid insolvencyJ if t'e current ratio is less t'an
1/ it is in danger of failure- *f t'e ratio is 'ig'/ !er'a!s above ,/
t'e business 'as more t'an enoug' current assets- And t'ese
sur!lus funds can be used to im!rove efficiency- *deal current
ratio for any business entity is ,B1 K just enoug' to be getting on
wit'- A()3+% is im!roving its current ratio as com!ared to
!revious year and aimed to cross t'e ideal limit of ,B1- "eason is
,2
9ear Current Assets
Current RatioCurrent 0ia"ilities
,886 188:2:,.,. 1-86
76.128668
,88912:?68,?.?
1-26 181??8?188
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clearing of timely due !ayments/ w'ic' reduces current
liabilities-
@uick Ratio
9ear Current Assets In2entories
@uick RatioCurrent 0ia"ilities
,886188:2:,.,.K:81:9.?9,
8-.,76.128668
,88912:?68,?.?K11?.9:?78
1-..181??8?188
Analysis
Luick ratio measures t'e extent to w'ic' a firm can meet its
s'ort4term obligations wit'out relying u!on t'e sale of its
inventories- )'e o!timal $uick ratio is 1 or 'ig'er- A()3+%
$uick ratio is im!roving year by year/ again for t'e reason t'at
com!any is clearing its current liabilities as muc' as !ossible-
And its current assets also increased-
Net Working Capital
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9ear
Current Assets Current 0ia"ilities
Working Capital
,886 12:?68,?.? K 181??8?188 267/972/:.?
,889 188:2:,.,. K 76.128668 62/..1/::.
Analysis
+om!any faced difficult times in !ast year in terms of working
ca!ital availability- Cear ,889 more working ca!ital gives t'e
com!any a good signal towards 'aving good times in future-
0.6.RAG. RATIOS
$e"t to .Buity Ratio
*t s'ows t'e ratio of funds !rovided by creditors versus by
owners- A 'ig' debt to e$uity ratio could indicate t'at t'e
com!any may be over4leveraged/ and s'ould look for ways to
reduce its debt-
Debt to E$uity "atio M )otal Debts 5 )otal E$uity
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9ear
Total $e"ts Total .Buity
Total $e"ts Total
.Buity
,886 1,??911897 5 1:?77,71:1 #+!
,889 7.9:77212 5 ,1712?916. #('
Analysis
+om!any is facing 'eavy net losses in !ast years due to
financial ex!enses/ low cement sales and 'ig' in!ut costs- *norder to give cover to t'ese losses debts are taken to kee! t'e
com!any o!erational and to avoid insolvency- )ime +om!any is
clearing its debt and debt to e$uity ratio is decreasing year to
year-
$e"t to Total Assets Ratio
*t s'ows t'e ratio of total funds t'at are !rovided by creditors-
Debt to )otal Assets "atio M )otal Debts 5 )otal Assets
9ear Total $e"ts Total Assets Total $e"ts Total
Assets Ratio
,886 1/,??/911/897 5 18/:,,/97:/1:.
#!'
,:
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,889
7.9/:77/212 5 11/8,:/:.1/:9.
#,(
Analysis
*n Cear ,886 debt are 1,N of total assets now in ,889 debt to
asset ratio is ?-2N w'ic' s'ows t'e decreased of .-9N as
com!ared to !revious year ratio due to yearly !ayment of debt to
borrower-
ACTI6IT9 RATIOS
Total Assets Turno2er Ratio
9ear
Sales Total Assets
Turno2er RatioTotal Assets
,886
,/98?/178/86,8-,2
18/:,,/97:/1:.
,?
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,889./999/?28/:72
8-..
11/8,:/:.1/:9.
Analysis
)'is ratio tells us w'et'er a firm is generating a sufficient volume
of business for t'e sie of its asset investment- )'e 'ig'er t'e
ratio/ t'e more efficiently t'e +om!any is utiliing its assets to
generate sales- +om!anys asset turnover ratio s'ows increased
as com!ared to !revious year ,886 ratio because sales are
increased due to increasing demand in t'e market- And com!any
used efficiently its asset to generate sales-
Recei2a"les Turno2er Ratio
9ear
Net Sales Recei2a"le Turno2er
RatioAccounts Recei2a"les
,886
,98?17886,
-*#(!
,7
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,:86,869
,889 .999?28:72 !()#,!
,612?818
Analysis
)'is number indicates 'ow $uickly customers are !aying your
business- )'e greater t'e number of times receivables turn over
during t'e year/ t'e s'orter t'e time between sales and cas'
collection- )'is 'ig' ratio is because of cement is mostly sold
against +as' 5 Advance !ayment-
Net 7i1e> Asset Turno2er Ratio
9ear
Sales Net 7i1e> Asset
Turno2er RatioNet 7i1e> Assets
,886
,98?17886,8-,9
7:16,,2?68
,889.999?28:72
8-.?
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7627,,?7,6
Analysis
)'e net fixed turnover ratio reflects t'e firms utiliation of fixed
assets- *n ,886 net fixed asset turnover ratio is ,9N now in
current year it is .?N- 1,N increase in net fixed asset turnover
indicates t'at com!any utilies its fixed asset well as com!ared
to !revious year-
.Buity Turno2er Ratio
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9ear
Sales
.Buity Turno2er Ratio
Total .Buity
,886,/98?/178/86,
!#()1/:?7/7,7/1:1
,889./999/?28/:72
!#*+,/171/2?9/16.
Analysis
*t is useful to examine t'e turnover for alternative ca!ital
com!onents- )'e difference between t'is ratio and total asset
turnover is t'at it excludes current liabilities and long term debt-
E$uity turnover ratio also increased because sales of current
!eriod increased w'ic' directly affect t'e e$uity turnover ratio-
%RO7ITA4I0IT9 RATIOS
Net %rofit Margin
*t measures AfterKtax !rofits !er "u!ee of sales
3et %rofit 0argin M Earning After *nterest ; )axes 5 3et Sale
.,
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9ear
.AIT
3et %rofit 0argin
Net Sales
,8862,976,22,
#!*,98?17886,
,889.89?1612.
#,.999?28:72
Analysis=D
Alt'oug' current year sales is 'ig'er t'an !revious year but net
!rofit margin after tax is low as com!ared to ,886- "eason of
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t'is decreased is taxation/ 'ig' administrative/ selling and
distribution ex!enses-
Gross %rofit Margin Ratio
*t measures !rofitability wit'out concern for taxes and interest-
)'e gross !rofit margin measures t'e total margin available to
cover o!erating ex!enses and yield a !rofit-
&ross %rofit 0argin M Earning before *nterest ; )axes 5 3et
Sales
9ear
G%
Gross %rofit MarginNet Sales
,886::9?,11.:
#&,98?17886,
,88919,,929268
#((.999?28:72
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Analysis
&ross !rofit ratio is increased to -22 because sales of current
year are 'ig'er due to t'e growt' of market and t'is indicates
t'at marketing de!artment is working good to ca!ture t'e
!otential of market-
Operating %rofit Margin Ratio
O!erating %rofit marginM O!erating %rofit 5 3et sales
9ear
Operating %rofit Operating %rofit
marginNet Sales
,886 :,?.28927 #',,98?17886,
,8899:?796769
#!-.999?28:72
Analysis
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)'e variability of O!erating !rofit margin over a time is a !rime
indicator of t'e business risk for a firm- O!erating !rofit margin
ratio is low as com!ared to !revious year alt'oug' sales are
'ig'er but wit' t'is o!erating ex!ense are increased as result
t'ese ex!enses decreased t'e o!erating !rofit so t'is ratio is
declined-
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Graphical Representation of 7inancial Ratios
Current Ratio=D
@uick Ratio=D
.:
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$e"t to .Buity Ratio=D
$e"t to Total Asset Ratio=D
.?
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Total Asset Turno2er Ratio=D
Net 7i1e> Asset Turno2er Ratio=D
.7
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.Buity Turno2er Ratio=D
Net profit Margin Ratio=D
28
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Gross %rofit Margin Ratio=D
21
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Operating %rofit Margin Ratio=D
SWOT Analysis
INTRO$8CTION
During t'e interns'i! in Askari +ement */ 'ave found out
some !roblems and weaknesses in t'e firm/ w'ic' can be
solved wit' little efforts w'ic' will im!rove t'e efficiency of t'e
firm and will enable it to ac'ieve its targets-
2,
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SWOT consists of four :or>s :hich are stan>s for
1- Strengt's-
,- (eaknesses-
.- O!!ortunities-
2- )'reats-
)'roug' t'e S(O) analysis tec'ni$ue one can analye t'e
!resent condition and !erformance of a given organiation and
can !re!ares !lans for t'e future- *n t'e S(O) analysis of
A()3+% t'e following !oints can be discussed-
Strengths
Strong rand 3ame-
Ado!tion of new tec'nological !lan-
Ex!erienced >!!er level management-
&ood distribution +'annel-
2.
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Luality %roduct-
Weaknesses
#ack of @ob satisfaction-
#ack of Human "esource de!artment functions-
#ack of skilled labor-
0anagement *ssues
Absence of !ure com!uteried work
Opportunities
*ncreasing demand of cement in market-
+oal as substitute of furnace oil-
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Ex!ort growt' in cement industry-
&ood geogra!'ical !osition-
>!ward trend of !rices-
-
Threats
Entrance of !otential com!etitors-
#ow !rice substitute in market-
#ow !rofit due to 'ig'er +&S
*ncrease in furnace oil !rices
Internship .1perience
3o: I got InternshipE
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For interns'i! * a!!lied in different organiation w'en * a!!ly in
Askari +ement Head Office in "awal!indi * 'ave a reference of
my uncle/ w'o is marketing manager in Askari +ement- So wit'
'is reference * got interns'i! in Askari +ement 3iam!ur #
0earning=D
During my interns'i! * learned a lot 'ow to work !ractically in
real world and as a result my !ractical knowledge about working
and functioning of finance de!artment is increased and it 'el!s
me to understand t'eoretical as!ects of study# Every one in
finance de!artment 'el!s me a lot and !rovides guidance at
every ste!-
Working in 7inance $epartment=D
* work in following sections of finance de!artment-
• &eneral #edger Section
• +ost and udgeting Section
• Sales Accounting Section
• ank And *nsurance Section
• %ayment and %ayable Section
• +as'ier
General 0e>ger Section=D
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*n general ledger section * 'ave !osted journal vouc'ers geting Section=D
*n t'is section * learn 'ow to make budget and 'ow to allocate
budget !rovision on work order cases- At t'e end of mont' make
cost of !roduction re!ort-
Sales Accounting Section
*n t'is section * s!ent four days and learn 'ow to !re!are record
of orders receive/ dis!atc'es and !ayments record-
4ank ? Insurance Section*n t'is section * learn 'ow to deal wit' banks and 'ow to
reconcile bank statements-
%ayment %aya"le Section
*n t'is section * learn 'ow to !re!are records of su!!liers and
contractor- And !rocedure t'roug' w'ic' !ayment made to
su!!liers and contractor-Cashier
Here * learn 'ow to maintain cas' book- And made c'e$ue for
salary and allowances
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Timing=D
)iming during interns'i! !eriod
7 am start of work
18-.8 )ea )ime
1 !m to , !m #aunc' ; %rayer break
2 !m End of work
Friday )iming
7am to 1, !m
Outcomes of Internship
* understand 'ow to manage !ractical life-
&ain ability to make decisions-
How to manage 'imself wit' organiation culture
*ncrease knowledge and skills-
How to deal wit' !eo!les in working environment-
Every one !rovides me guidance-
*ts make me !unctual and 'ard worker-
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ShortD7alls Weaknesses of the 7inance $epartment
Debt and subse$uent funds were borrowed at 'ig' interest
rates i-e- 1? K ,,N !er annum-
#ow ex!orts due to 'ig' !roduction cost as com!are to ot'er
cement !roducing countries-
(orkload is not !ro!erly distributed among t'e staff members
of Finance De!artment- *t causes fre$uent late sittings-
*ns!ite of t'e fact t'at all t'e de!artments of t'e organiation
are e$ui!!ed wit' com!uters/ !lenty of !a!er work flows
t'roug'out t'e organiation-
%ace of work remains slow due to certain !rocedural 'urdles-
@ob satisfaction and job security does not exist/ due to
stressful working environment and continuous t'reat of losing
job from t'e 'ig'er management-
Fluctuation in A() management lowers t'e interest 5 trust of
A()3+% em!loyees to co!e wit' t'e financial !roblems-
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Recommen>ations an> Conclusion for Impro2ement
Efforts s'ould be made to re!lace t'e loans borrowed on 'ig'
interest rates wit' t'e loans now available on t'e low mark4
u!-
+onversion of fuel system from furnace oil to coal firing
system s'ould be done on to! most !riority basis to save t'e
funds being s!ent on t'e !urc'ase of costly furnace oil-
&overnment s'ould be vigorously !ursued for grant of certain
tax exem!tions in order to fetc' ex!ort orders/ w'ic' in turn
not only give boost to t'e sick cement industry but also earn
foreign exc'ange revenues-
*n order to distribute workload !ro!erly among t'e staff
members/ suitable scientific researc' met'od s'ould be
a!!lied/ so t'at efficiency of t'e de!artment may increase-
+om!uters s'ould be utilied at t'ere best to minimie t'e!a!er work formalities and to s!eed4u! t'e work-
%olicies regarding !romotion and continuity of job s'ould be
matc'ed wit' t'e cement sector in order to offer job
satisfaction and sense of security among t'e em!loyees-
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Autonomy in !olicy making and long4term !lanning s'ould begiven to A()3+% management to avoid t'e im!act of
c'ange 5 fluctuation in to! management of A()-
References an> Sources 8se>
*n t'e !re!aration of t'is *nterns'i! "e!ort 'el! 'as been
obtained from t'e followingsB4
-
Annual Financial statements of A()3+%-
(eb site of Army (elfare )rust
Su!ervision of different instructors
Anne1es
)'e following Annexes 'ave been enclosed wit' t'e re!ortB4
Anne1ure F $escription
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i-
+o!y of *nterns'i! +ertificate from &0