Gujrat
MBA (3.5YRS)
SESSION: 2011-2015
UNIVERSITY OF GUJRAT
DEPARTMENT OF BUSINESS ADMINISTRATION
23-08-2013
ACKNOWLEDGEMENT
TABLE OF CONTENT:
1
2
EXECTIVE SUMMARY
TEXTILE INDUSTRY IN PAKISTAN
3
4
5
6
INTRODUCTION
VISION STATEMENT
MISSION STATEMENT
GROUP MANAGEMENT PROFILE
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8
ORGANIZATIONAL STRUCTURE
10
SWOT ANALYSIS
11
12
PEST ANALYSIS
Pg 04
Pg 0507
Pg 08
Pg 08
Pg 09
Pg 0912
Pg 1214
Pg 1415
Pg 1617
Pg 1718
Pg 1823
Pg 24-
MARKETING STRATEGY
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15
COMPETETIVE STATREGY
PURCHASE ACCOUNTING SYSTEM
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17
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LEARNING AS INTERNEE
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20
RECOMMENDATIONS
BIBLOGRAPHY
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Pg 2530
Pg 30
Pg 3034
Pg 3437
Pg 3740
Pg 4043
Pg 43
Pg 44
Executive Summary:
This report is based on the activities
performed during the internship at SERVICE
Textile Mills Limited. Internship duration was 6
weeks and it provided practical knowledge of
working in professional environment. This
Introduction:
SERVIS TEXTILE INDUSTRY has been the
pioneer of textile industry after partition of
the sub continent in 1960, thus it has became
one of the first textile mills to be registered as
public limited company.
The company sales are comprised of local
sales which is almost 100% against advance
cash payment. The total turnover of the
company during last year was Rs. 1.52 Billions
which is expected to cross 3.00Billion mark
during the current year.
Vision Statement:
To maintain an excellent level of ethical and
professional standards
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Mission Statement:
To become a quality manufacturer of textile
products
Ijaz Hameed
Farooq Hameed
Ameer Hameed
Tariq Hameed
Abid Hussain
Murtaza Hameed
COMPANY SECRETARY:
Usman Khalid
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Farooq Hameed
AUDIT COMMITTEE:
Abid Husssain(Chairman)
Ameer Hameed
Murtaza Hameed
BANKERS:
Bank Of Punjab
Abid Hussnain:
Mohammah Hameed:
Farooq Hameed:
FACTORY INFORMATION:
GENERAL MANAGER (G.M):
ASSITANT MANAGER:
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PLANT MANGER:
Mr. Yaqoob
ACCOUNTS INCHARGE:
Mr. Ijaz
PRODUCTION INCHARGE:
Mr. Shafqat
TIME/PAY INCHARGE:
SECURITY INCHARGE:
Mr. Javid
LABOUR INCHARGE:
Mr. Mudassar
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15
Inspection System:
SERVICE Industries (Pvt.) Limited is the
pioneer in the entire Indo-Pak region in
deploying the Uster FabriScan in its facility.
The FabriScan replaces the traditional manual
inspection by a far more consistent and
objective data collection. This system is
capable of inspecting Fabric production of a
240 loom facility. Deploying this machine in
this facility was a well thought-out decision as
this system is not subject to fatigue,
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17
Products:
Yarn:
The company is producing 100% cotton yarn.
It has 32 frames containing 15360 spindles.
This textile industry produces 128 packs daily.
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Organizational Structure:
The concept of an organization chart shows
what positions exist, how they are grouped
and who reports to whom.
The organizational structure should be
designed to provide both vertical and
horizontal information flow as necessary to
accomplish the organizational overall goals. If
the structure doesnt fit the information
requirements of the organization, people will
have either too little information or will spent
time on processing information that is not
vital to their tasks, thus reducing
effectiveness.
SWOT ANALYSIS:
STRENGHT:
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Competitive advantage
WEAKNESS:
20
OPPERTUNITIES:
Political instability
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Competitive advantages:
WEAKNESS:
OPPERTUNITIES:
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THREATS:
26
Political instability:
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PEST ANALYSIS:
Political Instability:
The political situation of Pakistan is not
satisfactory. Due to the rapid change in the
Government every government sets its own
new trade policies. Govt. should apply
sustainable policies for the beneficial of the
exporters as well as the investors.
Economic situation:
The economic condition of Pakistan can also
affect the foreign investors increasing inflation
rate make the cost of production high and
thus reduce the profit margin of the investor.
Social situation:
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MARKETING STRATEGY:
STIL is a group starting from 1960s which
means that it is an old and pioneers of Textile
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30
31
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Competitive Strategy:
As for as SERVICE is concerned its own name
is its competitive advantage. Being an old
group it has its own name in the field of
Textile as well as sugar. As I have told in the
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PURCHASE ACCOUNTING
SYSTEM:
Purchase Procedure for Mill
When a Floor Shop in-charge (Foreman on the
maintenance and Head Jobber on the
Production side) needs to purchase one or
more items to facilitate his sphere of work, he
will fill out a PDN. A copy of PDN used in our
company appears in Appendix 999. The PDN
has three leafs. First copy is for the Purchase
Department, second for the Store at Mill, and
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PROCESS OF YARN
PRODUCTON:
Production manager services the daily
production schedules and try to work
according to the demand to schedule. There
are many steps involved in production of the
yarn.
BLOW ROOM:
The first step is that the raw cotton is sent to
Blow room for the quality of the cotton. Then
it is sent to the Lab for quality check. Here
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SIMPLEX:
After the attaining of Cotton from Card and
Comb processes, which is also weak this is
further passed back to blow room process
called Roving and then cotton is sent to Ring
process.
RING:
In this step small pones are developed for
further process and wastes are made out
named; Phnemaphil
AUTOCONING;
In this step the manager in specific intervals
checks the quality of carded pones from which
yarn is produced in shape of cones by passing
through machines for this purpose. Here also
some wastes are extract called; Oily hard
waste , Hard waste
PACKING:
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PURCHASE DEPARTMENT:
The purchase department makes all
purchases. Every demand from different
departments for different items is forwarded
to store and from here it is forwarded to
purchase department if needed to purchase. It
has a main store in factory.
Accounts
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Marketing
Account department
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Purchase on credit
Writing off assets i.e. depreciation store
consumption etc.
Rectification of mistakes or omissions
Now I discuss them one by one
Purchase on credit:
Generally raw material, stores and spares are
purchased on credit. In order to account them
for the journal voucher are prepared by the
concerned account officer
Account code Purchase A/C (debit) Amount
Account payable A/C (credit) Amount
Copy of the invoices is attached with
vouchers;
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Rectification of mistakes or
omissions:
In additional to above referred kinds journal
voucher is also passed to rectify the mistakes
made in voucher preparation or posting.
Learning as an Internee:
Duties:
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51
RECOMMENDATIONS:
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BIBLOGRAPHY:
Sourcesfrom where I collected the
information.
Mr. Gulzar Ahamd, assistant manager.
Mr. Shah Muhammad, time & pay incharge.
Mr. Ijaz, accounts officer.
Mr. Yaqoob, plant manager.
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