Internship Report On Ahmad Fine Textile Mills

AHMAD FINE TEXTILE MILLS LTD
EVOLUTION OF TEXTILE
No one knows exactly about the cotton textile. When it is started? Where it is started and how it is
started. To understand it I divide it in two three: Classical Era New Classical Era Modern Era
Classical Era
Hazrat Adam and Eve felt the desire of hiding shame on Earth. History of cotton Textile is also to
some extent history of civilization. Perhaps cotton was used as fiber in Egypt near about 3500
B.C. in Mohanjodaro some evidence is found to use cotton cloths about 2700 B.C.
New Classical Era

In the beginning of weaving the thread or weaving raw material was rough and coavse and cloth
produce from this material was also rough. Almost 4000 years age China used skills to produce
cloth.
Modern Era
By the end of 18th century it was established as an Industry. First spinning process and mill was
introduced in 1870. German and America started development on this process.
Improvement on this sector takes place very quickly. Now man made fiber take place of Natural
fiber. Now machines are changed. New method of technology is discovered.
In this development Japan, Pakistan, U.K., India and other countries are playing major role.
Everybody knows that three basic needs of human being are food, shelter and cloth. Cloth
has its own importance in the life of human being.
The desire of hiding shame was felt by the Adam and Eve when they were pushed to the
earth from the Heaven. The history of cotton textile is also, to some extent, the history of
civilization. Any body can not give the exact date of beginning of cotton as a textile fiber
but certainly it was used in Egypt in ancient time. They dyed the fabrics with the indigo.
These information were recorded from Egyptian tombs have been dated as far back as
3500 BC.
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The fragments of cotton cloth and strings were discovered during the excavation of
Mohenjodaro in Sindh Pakistan. These fragments give evidence of usage of cotton cloth
in eastern countries as long ago as 2700 BC.
In the beginning of civilization the threads used for weaving were coarse and rough
consequently the production of cloth from this thread was crude and coarse. Afterward
the Chinese used silk-warm to extrude filament which was used to make the finest of
fabrics. Therefore under the rule of emperor Huang Ti became the economically important
in China over 4000 years ago. Probably it is believed that the loom was invented by his
empress.
The improvement in the process of evolution of cotton industry was culminated gradually.
By the end of the 18 century it was established as an industry. Different people have their
share in establishing this industry. The most important name Samuel Gromption who
worked to improve the spinning process and produced the mill in 1970. The first
factory was Arkwrights , which was capable of producing 80/1 count and even 100/1
count cotton yarn.
Germany and America became the competent to each other in this industry in the late 19th
century. This competition became into extent after the first world war.
After the second decade of present century and till the present days the gradually
improvement in this industry was very fast. Although the actual process and technology
was not completely changed, but the machines are changed to some extent. After the
second worked was a completely different structure of the textile technology was came
into existence.
Now a days man-made fibers are taking place of natural fibers. Man-made fibers are
giving a main support to this industry. In this development Japan, Pakistan, U.K. India
and other countries are playing a major role.
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FLOURISING TEXTILE INDUSTRY OF

PAKISTAN
At the time of independence of Pakistan, there was not developed industry of Textile in this
Independent part. Basic raw material " cotton" of this industry is related to agriculture. Pakistan is
an agricultural country. Its forms grow golden crops. Pakistani Govt. and farmers try their best and
joined together to flourish this industry.
Now by the grace of god and by the hardworking of farmers and good policies of Pakistan
Government, today Textile industry is the backbone of Pakistan economy. Now were not only selfsufficient in Textile Industry but also exporting surplus textile products. Today, we have over 8.358
million installed spindles 20000 shuttle loams and 20000 power looms, 15000 woolen looms and
7620 canvas looms.
total textile industries in Pakistan which are registered with All Pakistan Textile Mills
Association(APTMA) are 442. In which, 345 are spinning units ,53 composite units and 44
weaving units. Textile industry always was a pillar of economy. It not only causes to increase
Government revenue, but also support and vital impact on t he overall growth and development of
economy. Its share in GDP is 8.5 %; investment in Textile industry is 31% of total investment. The
interest that bankers and other financial institutions earn is about Rs 4 billion rupees. It provides a
40 % of total industry job. Salary and wages that textile sector provide is Rs 40 billion per annum.
It contributes to Research & Development is Rs 116 million. Per Annum.
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HINDRANCES OF TEXTILE INDUS TKY

Textile industry of Pakistan is still on developing stage. This industry has to face a lot of
difficulties for flourishing in Pakistan. We are discussing only its burning problems, which this
industry has to face.
1. Raw material
2. Lack of Govt. Subsidies.
3. Import/ Export of raw material.
4. Lack of Research & Development.
5. Lack of Investment.
6. International Competition.
7. Export of Grey Fabric.
8. Import of Machinery.
Raw material
"Cotton is the most precious commodity from Pakistan's economic point of view. It is the backbone
of our economy. Pakistan is ranked as third largest cotton exporting country in the world in 1991
when its production reached to its Climax i.e. 12.82 million bales. We simply understand " one
million bales of cotton means to Pakistan, plus or minus one percent Gross domestic product".
Quality of Pakistan cotton is not good due to following reasons: > There is contamination in cotton.
There is no proper Grading of cotton. > Fiber length is small which is about 28.2 mm.
Import or Export of Raw Material
Due to poor quality of cotton its cotton export value is not increasing. Export value of our
raw cotton which was $ 1.03 /kg. In 1951-1952, it is still moving around $ 1.47 / kg.
In 200-2001 Pakistan exported about 2200 metric ton and imported 140000 metric tons of
cotton.
Import of Machinery
As we know Pakistan is an agricultural country. Industrial revolution takes place in Pakistan in the
decade of 1960. Our textile Industry imported Textile machinery from abroad like Germany and
Japan.
Lack of Investment
To set up a textile unit there is a need of lot of capital, because they installed all the imported
machinery for good production.
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Govt. Subsidies
For textile industry " Cotton" is as important as blood. Mostly cotton is imported from abroad.
Govt. should provide subsidies in the import of machinery and cotton.
Lack of Research & Development
At the beginning In Pakistan there were no concentrate for Research and Development for textile
sector. When the R & D sector established, Govt. take it non-seriously. We failed in developing
even a single variety of long staple cotton despite the lavish spending on Research and
Development which runs into billion of rupees every year. The major chunk of funds allocated for
this purpose go into the salary bill of the white elephant hired by the different Governments on
political considerations in the past.
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TEXTILE INDUSTRYS ECONOMIC CONTRIBUTION

Description
Contributions
Exports
Manufacturing
Employment
Investment
Market Capitalization
Interest
Salaries and Wages
Contribution to Research and Development
Gross Domestic Product (GDP)
64% of total exports (US$ 4.9 Billion)

46% of total manufacturing
38% of total employment
31% of total investment
7% of total market capitalization
Rs. 4 Billion per annum
Rs. 40 Billion per annum
Rs. 116 million per annum
8.5% of total GDP
This sounds a triumph like situation at a glance. There is how ever much more than it
meets the eyes when you go into details, which carry some failures also to weep on. This
industry has not performed as well as it should have. It is struggling for its survival for the
past 7 years.
The textile industry at present is passing through a transition phase. It is sailing smoothly
under the protected cover of the quota system, however it has to face the rough waters of
the open sea when globalization of trade is implemented under WTO agreement in 2004.
Three years have already gone unnoticed. The fast approaching deadline sounding a note
of warning for re-structuring of all the segments of the cotton and textile industries on war
footings to enable it to face the future challenges of fierce competition amongst the low
cost Asian manufacturers to capture share of their higher cost European counter-parts
when the gates of the global economies are open.
Cotton Based
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Cotton, the most precious commodity from Pakistans economic point of view, has
become a bone of contention between textile industry and the growers, ginners and
exporters of raw cotton. Pakistan, being the fourth largest cotton producing country
provides a strong base for development substance of textile industry in spite of
tremendous growth in all the area of textile industry, including:
Cotton
Ginning
Spinning
Processing
Because Egypt has been able to develop good quality staple as against the poor quality
cotton, despite the lavish spending on Research and Development, which turns into billion
of rupees every year. However, in Pakistan the major chunk of the funds allocated for
research and development go into salary bills of white elephant hired by the governments
on political considerations in the past. We failed in developing even a single variety of long
staple cotton, which is the major handicap of the textile industry in producing yarn of the
fine quality.
Number of units and classification

In the organized section there are232 listed textile companies of which 153 are spinning
units, 28 weaving and 51 composite units while the total no of textile units both listed and
non-listed however are 443.
Import of Machinery
The industry imported textile machinery from abroad the detail of which for last few years
is as below, it represents a decline in import of machinery in yearly:
Year
1996-97
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Value ( million)
789.2
1997-98
1998-2000
2000-2001
2002-2003
352.7
305.2
282.05
250.05
Contribution in Employment
Textile unit constitute 40% of employment generated by the manufacturing sector while
textile being largest industry has got other forward and back ward relation where it must
had played its role in generating employment in related industries for example shipping
industry will definitely by mainly depended upon textile industry.
Share in Value addition

As the table indicates the status of textile industry among other production units, it
constitutes for almost 26% of total value added by the manufacturing sector this value
addition for textile sector was Rs.8596 million in 1985-86. It has increased to Rs.29251
million in 2001.
Contribution in Forex
Textile exports constitute about 60-65% of the total exports of Pakistan, but textile
industry also has to import the raw material the data for which is given below:
IMPORTANCE OF COTTON IN THE ECONOMY OF PAKISTAN

Cotton the silver fiber of Pakistan is the backbone of Pakistans economy. A simple
notion one million bales of cotton means to Pakistan, plus or minus one percent gross
domestic products (GDP) narrates the vital importance of cotton in Pakistans economy.
Pakistan was ranked as third largest cotton exporting country in the world in 1991 when
its production of cotton reached its climax (12.82 million bales). The anticlimax began
thereafter and in the very next year cotton production decreased to 9.05 million bales and
further to 8.86 million bales in 1993. The major biotic factor responsible for the downfall
was the leaf curl disease of cotton that pervades through out the Cotton Belt.
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The production of cotton during 1998-99 was 1,372,000 metric tons (7.22 million bales),
which is 13.6% less as compared to the previous year. Pakistan exported 2,000 metric tons
and imported 142,000 metric tons of cotton during that year. The quality of Pakistani
cotton is not very good. There is contamination in the cotton and there is not proper
grading of cotton in Pakistan. The average ginning out turn (%), fiber length (mm),
fineness and strength (000ppsi) is 36.8, 28.2, 4.4, and 94.2 respectively.
It will be interesting to note that the export value of our raw cotton which was $1.03/kg
some 45 years ago in 1951-52, while it is still moving around $1.47kg. The value of
Egyptian cotton is more than double of Pakistan cotton in the international market simply
because they have been able to develop good quality staple as against the poor quality
cotton produced in the country despite the lavish spending on R&D which runs into
billions of rupee every year. The major chunk of the funds allocated
For R&D GO INTO SALARY BILL OF THE WHITE ELEPHANT HIRED BY THE
different governments on political consideration in the past.
We failed in developing even a single variety of long staple cotton, which is the major
handicap of textile industry in producing of yarn of fine quality. The textile industry at
present is passing through a transition phase. It is sailing smoothly under the protected
cover of the quota system. However it has to face the rough water to the open sea when
globalization of trade is implemented under WTO Agreement in 2004. Three-year have
already gone unnoticed. The fast approaching dead line sounding a note of warning for
restructuring of all the segments of the cotton & textile industries on war footings to
enable it to face the future challenges of fierce competitions amongst the low cost Asian
manufacturers to capture share of their higher
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COMPANY INFORMATION
AHMED FINE TEXTLIE MILLS LIMITED is a unit of Fazal Group of Industries.
Fazal Group has been operating in manufacturing and trading business in Pakistan since
1936. In the textile section the Group owns and operates four Ring spinning plants
comprising 9140 spindles. One weaving plant comprising 96 Air Jet looms and two captive
Gas Power plants with a capacity of 4.5 Mega Watts. All the plants are equipped with state
of the art equipment.
A variety of products are produced with emphasis on value added products like plied yarn,
combed yarn, stretch yarn, slub fabrics and Fine count sheeting etc. Bulk of the group
sales is generated from export.
Customer satisfaction from order replacement to after sale service is given priority over
every other aspects as a policy. Investment in human resources development is also an
integral part of the group's business plan. All the plants are ISO 9002 certified.
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BOARD OF DIRECTORS:
SH. REHMAN NASEEM AHMAD
Chief Executive
Mr. ASHAR FAZAL
Director
SH. SHAUKAT MASUD
Director
SH. AMIR NASEEM
Director
MR. FAZAL AHMAD SHEIKH
Director
MRS. FARRUKH MUKHTAR
Director
COMPANY SECRETARY:
MR. IFTIKHAR AHMAD
AUDITORS:
M/S YOUSAF & SONS
CHARTERED ACCOUNTANT
BANKERS:
HABIB BANK LIMITED
NATIONAL BANK OF PAKISTAN LTD.
ASKARI COMMERCIAL BANK
SONERI COMMERCIAL BANK
PLATINAM COMMERCIAL BANK
BANK AL- FALAH LIMITED
EMIRATES BANK LIMITED
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BANK AL-FAISAL
MILLS:
35-KM BAHAWAL PUR ROAD, MULTAN (WEAVING UNIT)
SHAHBAZ PUR ROAD RAHIM YAR KHAN (SPINNING UNIT)
REGISTERED OFFICE:
1ST FLOOR,
INTERNATIONAL PLAZA,
BOHRA STREET, MULTAN CANTT.
MULATN
HEAD OFFICE
1ST FLOOR INTERNATIONAL PLAZA,
MULATN
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COMPANY PROFILE
COMPANY NAME:
AHMAD FINE TEXTLIE MILLS LIMITED:
VANUE
MILLS: 35-KM BAHAWAL PUR ROAD, MULTAN (WEAVING UNIT)

SHAHBAZ PUR ROAD, RAHIM YAR KHAN (SPINNING UNIT)
HEAD OFFICE:
1ST FLOOR, INTERNATIONAL PLAZA,

MULTAN
The company was incorporated in 1991 as a public limited company under the
companys ordinance, 1984.
The mills are situated at a piece of land measuring 240 kanals in Rahim yar khan & 300
kanals at Multan. The company does not enjoy tax Holidays for some period from the date
of its company production.
The company has imported most modern spinning unit from different advanced countries,
which is the best combination. Letter of credit for import of machinery was established by
the Muslim commercial bank ltd.
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GROUP PROFILE
There are certain other organizations, which are managed by the same group. A list
is as follow: -
1. AHMAD FINE TEXTILE MILLS LTD. RAHIM YAR KHAN

2. AHMAD FINE TEXTILE MILLS LTD. ADDA BASIRA, MULTAN
3. FATAMA SUGAR MILLS LTD.
4. RELIANCE TEXTILE MILLS LTD.
5. RELIANCE WEAVING MILLS LTD.
6. FAZAL COLTH MILLS # 1
7. FAZAL COLTH MILLS # 2
8. FAZAL CLOTH MILLS # 3
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ORGANIZATION
STRUCTURE
The organization gram shows the structure of the company. It sows that head office and
Production, Maintenance; Quality Control handles the Purchase and Sales Department and
the Mills controls Administration.
The responsibilities and authorities can be summarized as follows: -
CHIEF EXECUTIVE
He is responsible for overall operation of the company and finally responsible for the
quality of the products of the company.
GENERAL MANAGER/MANAGEMENT
RPRESENTATIVE
He is responsible for quality maintenance, planning and upgrading of the project and also
responsible for all activities at the Mills. General Manager as Management Representative.
QUALITY CONTROL DEPARTMENT/MILLS

MANAGER
This department is responsible for all testing and inspection activities to predetermine the
information obtained are issued to make decisions for raw material purchases, process
control and corrective actions.
TECHNICAL MANAGER
He is responsible for the production and maintenance department.
MAINTENANCE DEPARTMENT
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This department is responsible for the proper function of all the machinery. This
department has prepared a preventive maintenance schedule and maintained the plant
according to it.
PRODUCTION DEPARTMENT
This department is responsible for the activities about quality production and its affecting
aspects. Te technical Manager is responsible for production and he shall repot to the
General manager. He is also responsible for the training of the production staff.
ADMINISTRARION DEPARTMENT
This department is responsible to receive the ginned cotton, its storage and waste
handling, it is also responsible for the issue of raw material according to the laboratory
instructions, for the Blow Room prior to the production. It also handles the packing and
dispatch of finished yarn, saleable wastes, receipt/issue of general goods stores. It also
arranges the Internal Audits.
SO - 9002 COORDINATOR
He is responsible for the documentation and documents control, training records and also
maintain the minutes of the meetings.
PURCHASE DEPARTMENT
Responsible for purchasing the Raw Material (Cotton, Yarn, Spare Parts, Equipments and
Packing Material).
SALES DEPARTMENT
Sales Department is responsible for optimum sales, smooth flow of shipment and provide
the after sales services to the customers.
RESOURCES
The Mills executive management commits to provide all resources required for the
effective implementation and maintenance of the quality system. The management review
activity acts as a forum to address all resources requirement and approvals.
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MANAGMETN REVIEW:
In order to control the quality system and to ensure its continuing effectiveness, a system
of management review meeting has been instituted.
The management review Meeting is held every month in order to discuss all quality related
issued. The agenda will always include: -
*
*
*
*
*
*
Corrective Actions arising from previous meeting.

Customer Complaints.
Result of Corrective Actions.
Resources Requirements.
Other quality related matters.
Achievement of Quality Objectives.
Complete records are maintained and kept by the Management Representative through
ISO-9002 Coordinator.
OBJECTIVES
OF THE COMPANY
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The objective for which the company is established is all or any of the following; (and in
constructing the following sub-clauses the scope of no one of the sub clauses shall be
deemed to limit or affect the scope of any other sub clause): 1)
To erect, maintain, alter, extend and purchase plant and machinery for the
purpose of increasing productions, or otherwise purchase of land leased or otherwise
acquired for the company or for any of the purpose of the companys business.
2)
To insure with any company against losses, damages, risks and liabilities of
any kind, which may affect the company either wholly or partially.
3)
To open current or deposit accounts with any bank or bankers and to pay
into and draw money from which accounts and to close such account.
4)
To borrow or raise or secure the payments of money for the purpose of the
companys business from scheduled banks and other financial institutions.
5)
To manufacture and process all sort of yarn and generally to carry out the
business of spinning, manufacture of cotton yarn and of selling yarn and preparing process
that may be necessary to purchase and vend raw materials and manufactured articles.
To resell, exchange and repurchase let out for higher, or otherwise

deal with lands and building, machinery, plants and materials and
other things necessary for the purpose if the company and also to
purchase, sell or contract for the purchase or sale for immediate or
future delivery of cotton yarn and other material and all sorts of
chemicals and preparing and spinning and other articles and other
things for the use of any license or invention or for the exercise of
any method or process useful for the company.
Labour Welfare
Labour Colony
Labour Welfare School.
ADMINISTRATION
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DEPARTMENT
ADMINISTRATION
MANAGER
LABOUR
OFFICER
SECURITY
OFFICER
GATE
KEEPER
TIME
OFFICER
ADMINSTRATION DEPARTMENT
This is very important department of the organization. As the name shows this department
is to administer all the operations of the organization.
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This is headed by the R.D. (Resident Director) of the company. It deals with all the
matters that are related with personnel Section of this department are divided into officer
as under: A)
B)
C)
D)
Labor Office
Security Guard Office
Gate Office
Time Office
A) LABOUR OFFICE
As required by the Labor Department of the Government of Pakistan this office has been
set up to deal with all the matters that are related with labor.
It is the duty of Labor Office to inform the management regarding update information of
legal requirements concerning the labor and company affairs. It is his duty to satisfy
himself regarding payment of bonus, gratuity and other benefits to labor.
B) SECURITY GUARD OFFICE:

The main objective of the Security Office is to safe handling of the good form / to the mail
premises. For the achievement of such objectives a team of security guards has been
employ by the company.
C) GATE OFFICE:
This office has been made to keep the record of each and every thing coming into and
going out of the organization. For this purpose Gate Office Clerk maintains two types of
registers called: 1) Outward Going Pass (Register)
2) Inward Going Pass (Register)
C) TIME OFFICE:
This office keeps the record of all the workers on Time Cards and Pay Register for the
final costing of the workers` salaries..
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1. It is also helpful in keeping the record of workers at

attendance register, which is then used to prepare salaries,
bonus on the monthly basis for all workers.
2. It also keep the record of the leaves, number of days
worked of all the workers.
3. It also keeps the record of Social Security. EOBI, Education
Cass etc. of each worker/employee payable to the
Government treasury.
FINANCE DEPARTMENT
FINANCE CONTROLLER/FINANCE MANAGER
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i)
Deputy F. Accountant
Accounts
Assistant
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Accounts
Assistant
ii) Deputy F. Accountant
Accounts
Assistant
Accounts
Assistant
22
The Finance Department is situated at head office MULTAN.

The Finance & Commercial Manager Mr. Naveed Amir who is a highly qualified and
experienced person heads it. It also deals with both the units of spinning & weaving units.
The staff of the finance department is also very competent and hard working.
JOB FUNCTION OF ACCOUNTS MANAGER

*
*
*
*
etc.
*
*
The Accounts Managers are responsible for the following function: To look after and control the work of the department
To sign:
(a)
Cheques
(b)
Cash/Bank payments, vouchers, journal voucher etc.
To check monthly/quarterly/annual accounts, funds movement sheets, stock
statement for banks, reconciliation of accounts statements.
To deal with banks and cotton & yarn suppliers in respect of payment and audits
To prepare projected profile and loss statements, balance sheet and cash flow
statements.
To prepare projected profile and loss statements, balance sheet and cash flow
statements.
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ACCOUNTING DEPARTMENT
The accounts departments of the company are responsible for the entire accounting
process of the organization and for an efficient handling of the accounts the Accounts
Department mainly performs the following functions: -
1.MAINTENANCE OF PURCHASE ACCOUNT:

The Assistant Accountant is responsible for entire accounting process to record the
purchase made. The process to purchase and afterwards records the purchase is as
follows: _
i)
The requisition department sends Demand Note to main store.
ii)
If the goods are not available, than store sends that Demand
Note to the purchase department who decides either to
purchase locally or import the goods.
iii)
After approval for Director the purchase department prepares a

purchase order and the purchase is made.
iv)
The goods are received at head office. Purchase department

prepare four copies of delivery order and the goods are sent to
the mills with three copies.
v)
When goods are received on gate, an Inward Gate pass is made.

After physical checking of purchase in the store, they prepare
store receipt Voucher in triplicate. The goods with two copies
of SRV are sent to the relevant department for quality checking.
vi)
When department approves goods then one copy of SRV is sent

to purchase section and one to the accounts department.
Purchase department attaches Inward Gate Pass and original bill
of the supplier along with that approved SRV and sent to the
accounts department.
vii)
Accounts department entcom pares the copy of SRV with the

copy of same SRV sent to them from the mills and prepares a
voucher and enter the transaction in the relevant books.
2.MAINTENANCE OF SALES ACCOUNT:

The company sale is of two types: INTERNSHIP REPORT
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1.
2.
Finished Product Sale.

Waste Sale.
1.FINISHED PRODUCT SALE:

(a) The companys finished product is yarn at Rahim Yar
Khan & Fabric at Multan. First of all a contract is made
between the company and the customers. Then the goods
are forwarded or supplied to the customer.
b) A detail of goods sold is entered on the bill with reference
to its description, quantity, are per unit and the total
amount of the goods sold.
(c) When goods are reached on gate an outward Gate Pass is
prepared and both the document are sent to the accounts
office. The accounts office records the transaction in the
sales book, customer ledger and ultimately in general
ledger.
2.WASTE SALES:
Waste sale is of the following types: i)
Soft Waste Sale:
When cotton is blowed in blowing room,
some quantity of cotton is wasted during its
process. Sometimes a defected or sub
standard bale of cotton is also sold as soft
waste.
ii)
Hard Waste Sale

Sometimes the yarn produced by the
company is not up to the standard. The
company sells its substandard product as
hard waste.
3.CASH AND BANKING TRANSACTION:

The cash and bank sections of the accounts department make payment to the
suppliers and receive payment from the customer. This section also maintains a cashbook
in which all receipts and payment are recorded.
PAYMENT TO SUPPLIERS
On receipt of the proper purchases documents, the cash, bank payment, voucher of the
party is prepared and the payment is made mill site for mill employees. Salaries are fixed
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and are prepared by earning the attendance record of the employees. Addition of different
allowances deductions of different liabilities and funds contribution are made there from.
Pay slips of all employees are prepared and distributed to their relative account number by
sending a bank advice. In this way salaries are paid to the employees. When payment made
3 % tax deduct of NTN not allowed then 5% deduction made
WAGES
All sorts of wages are prepared at the mill site. For this purpose, record of data and hours
worked for each worker is maintained. Therefore the wages are calculated accordingly and
payment is made to the workers.
5.
INVENTORY CONTROLLING
Inventory controlling plays an important role in any manufacturing concern. There

are two types of store in Ahmad Fine Textile Mills Ltd., which are: 1) The main Store
2) Raw Material Store
1)
The main store contains:

i. Spare parts.
ii. Electric goods.
iii. packing material.
iv Stationary
v.
ii)
Workshop
While the raw material store contains:

a) Cotton
b) Polyester.
c) Acrylic
d) Viscose.
The functions of store controlling can be further sub divided into two parts:1) Purchase for stores.
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2)
Stores Issued
PROCEDURE OF STORE PURCHASES

In Ahmad Fine Textile Mills Ltd, the company purchase come material on regular basis
such as stationary, packing material etc. and maintains the average quantity of theses
goods every time, these are considered as stores. Other store goods such as spare parts,
electric goods etc. are purchased on requirements.
When a department needs any goods, it prepares a Demand Note for these particular
goods and sends it to the shift in charge, which signs it. Then this demands sent to general
manager for approval. After it is delivered to the main store. Store department examine the
demand and then enters it in demand register. This demand is then sent to etc purchase
department.
On receipt of demand note from the mills, the purchase department decides either the
goods are available form the local market or it should be purchased from the foreign
market. If the required goods are note available in local market, the demand is transferred
to import department to purchase the goods from foreign markets.
Otherwise quotations are called oft the required goods and then purchases
Assistant prepare the comparative statement of the prices of the goods. The comparison
statement is first examined by the purchase Manager and then it is sent to the resident
directors for approval. After approval the goods are purchased from the specified supplier.
The goods are received ate the head office. The purchase department sends all the goods
to the mill with three-purchase department advice.
The goods are received at mill and the details of the goods are entered in the Inward
Register and Inward Pass is prepared. The goods then reach the stories. A store receipt
Voucher is prepared. The goods then reach the store and store receipt voucher number is
written on the Inward Gate Pass. The concerned foreman/in charge is called to inspect the
goods and the sub standard goods are rejected which are returned to the supplier. The
goods then are recorded on the store receipt register. After that they are posted to Bin
Card.
PROCEDURE OF STORE ISSUE

In Ahmad Fine Textile Mills Ltd., store department has issued an issue book to every
department. The requisitioning department fills the store issue note and signs it from
departmental heal and mills manager. The storekeeper issues the goods to the specified
department and makes an entry in the issue file. Three copies of the store issue note are
prepared. One copy is kept in the relevant department, the second copy is sent to the
accounts department and the third copy is kept in the store record.
INTERNSHIP REPORT
27
BOOK KEEPING
The following books are maintained at the Ahmad Fine Textile Mills Ltd. Ltd1. General Journal
2. Ledger
3. Purchase Book
4. Sales Book
5. Supplier Book
6. Customer Ledger
7. Cash Book
8. Bank Book
PREPARATION OF FINANACIAL STATEMENT

Different financial statement such as balance sheets and income statement are prepared to
show the working of the business. The accounts department prepares the Trial Balance of
a Company every month. And then Accounts Manager prepares the other financial
statements.
PURCHASE
INTERNSHIP REPORT
28
DEPARTMENT
PURCHASE DEPARTMENT
PURCHASE MANAGER
Purchase Officer
Purchase
Assistant
Purchase
Assistant
PURCHASE DEPARTMENT
The efficiency of purchase department directly effects the production and efficiency of the
company. The purchase department of Ahmad Fine Textile Mills Ltd. is in the head office,
under the control of purchase manager Mr. Naeem Zia ,who is highly qualified and
experienced person. The staff of the department is also very experienced.
INTERNSHIP REPORT
29
JOB FUNCTION OF PURCHASE MANAGER

Purchase Manager is responsible of the following functions: i.
To fulfill the demand of purchase of the department.
ii.To maintain stocks and store of goods level within the
approved budget.
iii.
To control on purchase price of stores.
iv.
To exercise general checking of store.
TYPES OF PURCHASE:
The purchase in the textile industry is of two types as given below: 1. Purchase of goods.
2. Purchase of raw material.
PURCHASE PROCEDURE OF STORE GOODS:

The stores are used to buffer the emergency conditions; therefore no limit is fixed to
purchase these types of goods. These goods are consisting of spare parts, electrical goods
and other general items.
When a department needs any goods, it prepares a Demand Note of these particular goods
and sends to the Shift Incharge, which signs it. Then this demand is sent to the General
Manager for approval, and then it is delivered to the main store. Store department
examine the demand and then enters it in Demand Register. This demand is sent to the
purchase department. Purchase department decides either to purchase the goods locally or
form foreign markets.
FLOW OF PURCHASE RAW MATERAIL:

The directions make the raw material purchase. The directions negotiate with the supplier.
The supplier sends the cotton to the specified unit where cotton is received at gate and
Gate Inward Pass is prepared. The cotton is unloaded in go down after measuring the
weight. A weigh statement is prepared when the cotton is weighed.
ARRANGEMENT OF ITEMS IN MAIN STORE
INTERNSHIP REPORT
30
The main store is categorized in different sections. The main sections are as: 1.
4.
7.
10.
BLOW ROOM
DRAWING
AUTO CONE
AUTO CONE (AC)
2.
5.
8.
CARD
3.
SAMPLE
6.
ELECTRICAL 9.
COMER
RING
WORKING
With every stand of an item Bin Cards are placed. On these bin cards the Issue or Receipt
of different amounts of the items is recorded. Theses cards also help to locate the items.
PROCEDURE TO ISSUE ITEMS FROM STORE

In Ahmad Fine Textile Mills Ltd., store department has issued an Issue Book to every
department. The requisitioning department fills the store issue note and gets approval form
the General Manager mills. The store issues the required goods to the specified
department. The storekeeper at that time makes required entries in the Issuance Register
at mill. Three copies are prepared, one copy is kept in department, second copy is sent to
accounts and the third copy is kept in the record at store.
PRODUCTION
DEPARTMENT
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31
GENERAL MANAGER
Technical
Manager
Spinning
Manager
Mills
Manager
Electric
Manager
Assistant
Manager
Administraion Manager
Labor
Officer
Gate
Officer
Time
Record
Officer
Security
Officer
Supervisor
Assistant
Spinning
Manager
INTERNSHIP REPORT
Foreman
Foreman
32
Weaving Process
The flow of process of the production of Grey Fabrics is in the following:
Wrapping
Sizing
Drawing Inn
Loom sheds
Inspection Department
Folding Department
Packing Department
Warping Section
INTERNSHIP REPORT
33
It is the first section of weaving production unit. Yarn is spun on paper cones in spinning
mills, which is rolled on beams in wrapping machines, considering the total
number of ends in a specific contruction of the fabric.
WRAPPING DEPARTMENT
It is the first section of weaving production unit. Yarn is spun on paper cones in spinning mills,
which is rolled on beams in wrapping machines, considering the total number of ends in a specific
construction of the fabric.
SIZING DEPARTMENT
Unsaved beams received Warping are processed in this section. In this section, sizing
Chemicals, which include Maize starch, PVA, Beveled, Sized CB, Wax etc are cooked in Water in
a specific ratio and is applied on yarn ends in sets, and ends are dried thought Steam, which comes
from Boiler
DRAWING INN DEPRTMENT

It is the backbone of the Weaving unit manufacture the Fabric. Sized beams are set on a looms to
provide the Warp Ends. Among Warp ends, weft picks are inserted through air pressure, which
finally produce the Fabric.
INSPECTION DEPARTMENT
The Fabric after loom shed came in the inspection Department, where the Fabric checked by
Quality checker and the defective Fabric separately packed in the forms of Bales and rolls.
FOLDING DEPARTMENT
This is the last department of weaving unit, where the Fabric received from Inspection department
packed in the forms of Rolls or Bales according to the Customer requirements.
S hed 01
48 looms
S hed 02
50 looms
Folding Section
T h i s i s al so cal l ed qu al i t y cont ro l sect io n i .e . qua l i t y of t he G rey clot h i s c hecked .
Cutter Section
INTERNSHIP REPORT
34
Then this cloth is sent to the cutter section & according to the demand if
the customer that the wants 120 up, 110 up, 80 up, 40-79 cut, 55 cut & so
MARKETING DEPARTMENT
MARKETING MANAGER
Import Officer
INTERNSHIP REPORT
Export Officer
Marketing officer
35
MARKETING DEPARTMENT
The market department of Ahmad Fine Textile Mills Ltd consists of three section: Local Sale
Export Section
Import Section
Local Sale
The local sale is made from the head office at Muzffargarh. Yarn is supplied mainly to the
weavers and partially to the knitters. Volume of local sale is very much high.
YARN PRICES
As the yarn size decreases the prices of yarn increase. It means that higher the count
number the more will be the price. It is because as the count numbers increase the size of
yarn decrease but price increase.
It is due to the reasons that think yarn gives more production in pounds while the thin yarn
gives less production in pounds. Thus as the production decrease the cost will increase and
so the price will automatically increase due to the more cost. That is why the higher counts
have prices.
INTERNSHIP REPORT
36
PRICE STRATEGY:
The prices of the yarn fluctuate in the market on day-to-day basis. The price of every
textile mills is different for the some count.
The Marketing Manager of Ahmad Fine Textile Mills Ltd has introduced the fixed price
strategy of their yarn in the market. Their prices do not change with the market. This is
because they produce very high quality tarn on the latest machinery. Although they face
some problems to this fixed price but overall they receive good response from the parties,
which rely on quality.
EXPORT SECTION:
The whole yarn is sold in the local market except a little portion, which is exported. This
little portion is exported to Middle East and Japan, U.S.A. and other worlds advanced
countries. About six months ago, export was very good due to high rates. But in ordinary
conditions, we shall see it in detail in export chapter.
IMPORT SECTION:
The import section of the Ahmad Fine Textile Mills Ltd is headed by the import discharge
that is highly qualified and dedicated person. The Import Officer assists him.
INTERNSHIP REPORT
37
EXPORT
DEPARTMENT
EXPORT MANAGER
Assistant Export Manager
Assistant Export Manager
The export department consists of export manager who is a qualified and experienced
person. His subordination is also not less than him in efficiency and experience. During the
current year, the company exported a lot of cotton yarn. The directions are hopeful that
approximately 70% of the total production will be exported in the near future.
INTERNSHIP REPORT
38
EXPORT PROCESS
This process starts form a bargain. A buyer contacts the company and tells them about
their demand. This contact may be direct or through an agent. In response to this contact,
the director often settles the price and terms and conditions thorough visit, fax, telex,
telephone etc. when the contract is matured three copies of the contract are issued to the
buyer. They sent back one copy to Ahmad Fine Textile Mills Ltd., which is in full
arrangements and conditions. If any agent is involved, three copies are sent to the agent.
After agreement of both the parties on terms and conditions, the buyer opens letter of
credit in his bank. That foreign bank sends that letter of credit to the bank in Pakistan and
that bank gives the original letter of credit to Ahmad Fine Textile Mills Ltd.. The company
after fulfilling the requirements of the letter of credit dispatches the material to be
exported.
To get letter of credit, company has to fill the following documents: 1) INVOICE
2) PACKING LIST
3) CERTIFICATE OF ORIGIN
4) FORM E
5)
BILL OF EXCHANGE
QUOTA RECTRICTIONS
After discussing export process the main thing is to discuss export process in those
countries on which quota is levied. Mostly European countries use quota restrictions.
These countries inform exporting that how much they can export. Then through
associations like Textile mills Association the companies are informed about the quota.
The association distribution the quota on the basis of option and past performance. If a
company, due to certain reasons, cannot expert then they sell the quota in the open
market.
ROLE OF GOVERNMENT IN EXPORT:

INTERNSHIP REPORT
39
To boost up exports, Government has given rebate facility to the exports. The Ahmad Fine
Textile Mills Ltd. is also availing this facility. They are getting rebate on packing material
and the chemicals used in the polythene bags.
INTERNSHIP REPORT
40
DATA
PROCESSING
DEPARTMENT
DATA PROCESSING DEPARTMENT
E.D.P. MANAGER
Programmer
Computer Co-ordinator
Assistant programmer
Operator
Operator
Operator
Operator
INTERNSHIP REPORT
41
DATA PROCESSING DEPARTMENT

A successful businessman always has a curiosity and keenness to know about the
requirements of the age and tries to adopt the new technology to services in the competing
world. In the mid of 19th century a same invention attracted all the progressive and
foresighted people. It was the introduction of the computer. The computer makes able a
businessman or industrialist to expand his business. Keeping the manual records up to date
is becoming more and more time consuming. Therefore a computer allows you speeding
up the processing of transaction and makes enable to expand the business without the need
of additional staff.
APPLICATION
The areas, which have computerized, are as under: i.
General ledger
ii.Inventory control
iii.
Payroll accounting
iv.
Purchase accounting
v.Administration block
vi.
Sales and receivable
vii.
Imports
viii.
Exports
There systems help the company in various aspects i.e. time decision, accuracy of work
etc. and keeping is ahead in competition.
FUNCTIONS OF DATA PROCESSING DEPARTMENT

I.
II.
III.
Training
Services
Development
INTERNSHIP REPORT
42
M. I. S
TEAM
FINANCE CONTORLLER
Deputy Finance Manager
Assistant Finance Manager
Assistant Finance Manager
INTRODUCTION TO
M. I. S. TEAM
INTERNSHIP REPORT
43
The management information teams of the Ahmad Fine Textile Mills Ltd. include very
competitive and qualified persons. They produce report of different nature. Theses reports
are presented to the Finance Controller and the company Directions. Theses reports help
the company in timely decision.
These report include: Production Report
Daily
Bank position Report
Daily
Consolidation Production and Sales Repot
Monthly
Master Payment Plan
Monthly
Fund and Non Fund liabilities
Monthly
Yield and Waste Report
Monthly
Inventory Report
Monthly
Consolidated Production and Sales Report
Monthly
Consolidated Balance Sheet & Profit & Loss Account
Monthly
Ratio Analysis Report
Monthly
Stock Valuation Report
As and when required
Yarn Costing Report
Those all reports generated in minutes and hours on requirement very accurately and
stored on auxiliary media for the future use. Thus M. I. S team is considered as an
essential part of the company because of its performance.
ISO 9000
INTERNSHIP REPORT
44
I. S. O. 9000
The ISO 9000 is major consideration for the very type of organization and
especially for the industry. No firm can export its production products in future without
ISO 9000 certificate. Realizing the situation organization is analyzing the situation for
necessary action. This discussion includes the following topics:-
ISO 9000:
ISO 9000 quality system standard are currently one of the highest criteria of
quality in the world trade. Up to now more than 65 countries in the world have officially
adopted this standard.
The European Community (EC) is the most active region in promoting them.
Presently companies that produce regulated products, such as medical devices, must be
registered. The European Community encourages all producers to register their products.
INTERNSHIP REPORT
45
QUALITY OF MANAGEMENT IN PAKISTAN

The industrial culture undergoes changes from traditional information management
to modern formal management.
With the wide spread establishment of management schools, increasing
collaboration with international companies, and deregulatio9n policies of the Government,
the management crises in industries is minimizing.
The industries are expanding and people are looking more and more into new
avenues for exports. Due to this phenomenon, the competition in both local and export
market is increasing.
QUALITY COST IN PAKISTAN

In a survey of more than one hundred companies in Pakistan, through in plant
training programs and counseling it was found that the rate of rejection produced in the
average Pakistani industries is about 10%. In monetary terms, this ranged from Rs.20 to
150 million per company per year.
It is estimated that annual collective loss to Pakistani industries due to
Nonconformance in quality is more than Rs.100 billion.
Total cost of quality is even higher. It is an incredible loss about which few are
aware of. This national problem needs immediate attention jointly by the Government and
the industries.
WHAT IS ISO 9000?

The ISO (International Organization for Standardization) is a world wide
federation of national standard bodies who prepare and issue standards.
INTERNSHIP REPORT
46
The ISO 9000 series was issued for the first time in 1994 and had a great impact
on the manufacturing industries. They establish requirements for Quality Assurance and
Quality Management Systems of manufacturing, services and other organizations.
They do not refer to any specific technical specification of products. The elements
that are described in then cover organizational structure, personal responsibilities,
authorities, training procedures, documentation and records, process control and
resources allocation for production and all related departments that directly affect the
product quality.
These standard are generic and apply to all types and size of companies. However,
they are written in general terms. While applying these standards to a company, they must
be interpreted professionally to suit the applicability. Clear concepts, professionalism and
involvement of all employees (from top to bottom) are required.
The basic aim of ISO 9000 is to provide a management framework to prevent
Non-Confirming in every stage, from design through to after sales servicing. It is a
basis for contracts between purchaser and suppliers.
ISO 9000 registration is given only after assessment by an approved registration
body.
There are a number of bodies operating worldwide. A company seeking
registration in free to chose any approved registration body.
After a company applies to way registration body, its quality auditors, who are
specialist in two areas, formally visit the plant, interview personal, evaluate the plant and if
it complies with the standards, issue a certificate to the company.
ABOUT THE COMPANY

The ISO 9002 was awarded to the Ahmad Fine Textile Mills Ltd. four years
before. Now the products of the company are made are maintained the quality. Mr. Anwar
is the Coordinator for ISO 9002 program in the company. All the related persons,
authorities are doing their efforts to continue the production of cotton yarn up to
international standard. A full time ISO 9002 Coordinators is appointed. The organization is
enjoying healthy uplift export after maintaining this standard.
INTERNSHIP REPORT
47
Observations & Suggestions

As the Textile Industry is in crisis but Ahmad Fine Textile Mills Limited is performing
very well in such difficult economic conditions. The avenues are always open for further
improvement. I hope that the suggestions given by me will not only benefit to the
management for getting business but the workers will also efficient in performing their
duties.
I would like to recommend that the management should develop

some policies for the promotion of efficient workers. As there is no
any policy for the promotion of workers so it is creating unrest
among the workers. The management should make sound policies
for the promotion of efficient workers. This will not only increase
the productivity of workers but the management can low the
turnover rate of employees.
The culture of the organization should be made according to the well

established organization.
The control of the Top Management should be strict over the employees so
that employees will take responsibility for their assigned job.
INTERNSHIP REPORT
48
There is need for refresher courses for the managerial level employees. If
the owners would make arrangement to provide training to the employees
then they would work efficiently. By doing this the productivity of the
employees will increase.
Proper training should be given to new employees as well as to existing
employees for improving their efficiency and productivity.
There is centralization of authority. All the decisions are

taken by the Chief Executive and Working Directors. The
authority should be decentralized, because delegation of
authority creates responsibility. If the management will
delegate some authority to the employees then employees
will feel themselves responsible and they would work with
zeal, by doing this the top management can save important
time which will be utilize in other matters which will
benefit
the
organization.
Because
the
delegation
of
authority creates the confidence among the employees and

they will perform their work efficiently.
There is flat rate of increment for all the employees. This flat rate is also
minimal. This is breeding discontent among the employees. This flat rate
should be abolished and increment should be given on the basis of
performance and efficiency.
There is no any procedure for evaluating the employees and hence there are no
extra benefits to the efficient employees. The Owners should start some
criteria for the evaluation of employees and there should be some reward
for efficient workers. This reward may be non monetary such as
Employees of the Day, Employees of the Month, Employees of the
INTERNSHIP REPORT
49
Year. This will not increase any monetary burden but will increase the
efficiency and productivity of the worker. Similarly, some monetary benefits
should also be given to the employees on better performance of the work.
There is lack of staff members in the office, so new employees should be appointed for the
proper working and removing burden on other employees to achieve efficiency and better
results.
RATIO
ANALYSIS
PROFITABLITY ANALYSIS
Current Ratio
Current Assets
Current Liabilites
= Rs
= Rs
279798025
310155770
0.92:1
= Rs
= Rs
Rs 93037713
715149632
0.13:1
= Rs
= Rs
Rs 3236492
310155770
0:0.1
5:1
Net Profit Ratio

Net Profit
Sales
Absolute Liquid Ratio

Absolute Liquid Ratio
Current Liabilites
Standard Ratio
INTERNSHIP REPORT
50

Which is below than standard, which shows company is not financially sound.
AUDITORS' REPORT TO THE MEMBERS

We have audited the annexed balance sheet of AHMED FINE TEXTILE MILLS L[?.ilTcD, ss a:
^ep^-^er 30, 2002 ond the related profi* and loss account, statement of changes in equity and
cash now statement together with tho notes forming part thereof, for the year then ended and we
state that we have obtained all the information and explanations which to the best of our
knowledge and belief, were necessary for the purposes of our audit
1( is the responsibility of the company's management jo establish and maintain a system of
iniemai control, gnd prepare and present the above statements in conformity with theapproved
accounting standards and the requirements of Companies Ordinance, 1984. Our responsibility is
to express an opinion on these statements based on our audit.
'A's conducted our audit in accordance- with the auditing standards as applicable in Pakistan.
These standards require that we pian and perform the audit to obtain reasonable assurance
about whether the above said staiements are free of any material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the
above said statements. An audit also includes assessing the accounting policies and significant
estimates made by management, as weli as, evaluating the overall presentation of the above
said statements. Ws believe that our audit provides a reasonable basis for our opinion and,
after dua verification, we report that;
a) in our opinion, proper books of account have been kept by the Company as required by ihe
Companies Ordinance, 1984 ;
b)
in our opinion ;
(i) the balance sheet and profit and loss account together with the notes thereon have been
drawn up in conformity with the Companies Ordinance, i98d, and are in agreement wiih
the books of account and are further in accordance with the accounting policies
consistently -,^!id;
(ii) .-.5 expenditure incurred during the ysar was for the.pi-'pose of the Company's busin&s^ .
and
(iii) the business conducted, investments made- and the' expenditure incurred during the year
were in accordance with the objects of the Company .
c) . in our opinion and to the best of our information and according to the explanations given to
us , the . balance sheet, profit and loss account, statement of changes in equity and cash flow
statement ^"^'''iGr with the notes forming part thereof conform with approved accounting
standards as "i^'^-'-.bie in Pakistan, and give the information required, by the Companies
Ordinance,1984, in the manner so required and respectively give a true and fair view of the
state of the company's affairs as -' f'sr-^c- 30, 2002 and of the profit, changes in equity .and
its cash flows for the year thei
,,...,,..,,. -'-- anri ushr Ordinance, 1930 (Xvii
INTERNSHIP REPORT
51
INTERNSHIP REPORT
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AHMAD FINE TEXTILE MILLS LTD

New Classical Era

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTILE MILLS LTD

FLOURISING TEXTILE INDUSTRY OF

AHMAD FINE TEXTILE MILLS LTD

HINDRANCES OF TEXTILE INDUS TKY

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTILE MILLS LTD

TEXTILE INDUSTRYS ECONOMIC CONTRIBUTION

64% of total exports (US$ 4.9 Billion)

AHMAD FINE TEXTILE MILLS LTD

Number of units and classification

AHMAD FINE TEXTILE MILLS LTD

Share in Value addition

IMPORTANCE OF COTTON IN THE ECONOMY OF PAKISTAN

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTLIE MILLS LIMITED:

MILLS: 35-KM BAHAWAL PUR ROAD, MULTAN (WEAVING UNIT)

1ST FLOOR, INTERNATIONAL PLAZA,

AHMAD FINE TEXTILE MILLS LTD

1. AHMAD FINE TEXTILE MILLS LTD. RAHIM YAR KHAN

AHMAD FINE TEXTILE MILLS LTD

QUALITY CONTROL DEPARTMENT/MILLS

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTILE MILLS LTD

Corrective Actions arising from previous meeting.

AHMAD FINE TEXTILE MILLS LTD

To resell, exchange and repurchase let out for higher, or otherwise

AHMAD FINE TEXTILE MILLS LTD

AHMAD FINE TEXTILE MILLS LTD

B) SECURITY GUARD OFFICE:

AHMAD FINE TEXTILE MILLS LTD

1. It is also helpful in keeping the record of workers at

FINANCE CONTROLLER/FINANCE MANAGER

AHMAD FINE TEXTILE MILLS LTD

ii) Deputy F. Accountant

AHMAD FINE TEXTILE MILLS LTD

The Finance Department is situated at head office MULTAN.

JOB FUNCTION OF ACCOUNTS MANAGER

AHMAD FINE TEXTILE MILLS LTD

1.MAINTENANCE OF PURCHASE ACCOUNT:

After approval for Director the purchase department prepares a

The goods are received at head office. Purchase department

When goods are received on gate, an Inward Gate pass is made.

When department approves goods then one copy of SRV is sent

Accounts department entcom pares the copy of SRV with the

2.MAINTENANCE OF SALES ACCOUNT:

AHMAD FINE TEXTILE MILLS LTD

Finished Product Sale.

1.FINISHED PRODUCT SALE:

Hard Waste Sale

3.CASH AND BANKING TRANSACTION:

AHMAD FINE TEXTILE MILLS LTD

Inventory controlling plays an important role in any manufacturing concern. There

The main store contains:

While the raw material store contains:

AHMAD FINE TEXTILE MILLS LTD

PROCEDURE OF STORE PURCHASES