Internship Report At

Agritech Limited
This internship report is submitted to University Of
Sargodha Sub-Campus Mianwali for the partial fulfillment of
degree of BBA (Hons) in Finance.

Submitted By : Noman Khalid

Roll No : BBAF16MM058
Submitted To : Sir Ali Nawaz
Programme : BBA (Hons) in Finance
Department Of Business Administration
University Of Sargodha Sub-Campus
Mianwali
Dedication
I would like to dedicate my work to my family, my
friends and my teachers of business
department(UOS sub campus Mianwali). They
were all very kind to me all the time.
I am very thankful to all of the staff of Finance
department of Agritech. They were very
supportive and kind to me. This effort of mine is
fully dedicated to all the employees of Agritech
Iskanderabad.

Acknowledgment
I thanks Allah almighty first who give me chance to
complete my internship.
I am very thankful to all of the members of accounts
department of Agritech (iskenderabad). They were all
very kind and supportive.

1. Mr. Aziz Ullah Saeed ( Manager Finance)

2. Mr. Maqsood ( Assistant Manager)
3. Mr. Khawar Abbas ( Accountant)
4. Mr. Latif Ullah (Cashier)
5. Mr. Habib urRehman (Payroll Section)
6. Mr. Maqsood (Sales Section)
And all the other staff who take cares of me. ALLAH
bless all of you. 

Executive Summary
As my degree BBA (Hons) requires I did the internship at
Agritech (Iskanderabad).
I started my internship on 24-june-2019 and was completed
on 23-August-2019.
Mr. Aziz Ullah Saeed is manager of finance department and
Mr. Maqsood is the Assistant manager. There are different
sections working in finance departments as follow
1. Pay roll section
2. Cash section
3. Receivable section
4. Payable section
5. Cost section

The detailed work of these sections are in the report.

Introduction
Agritech (formerly Pak american fertilizer ltd.) Was the first
nitrogenous fertilizer plant built in Pakistan. It was in 1958 with
production capacity of 50,000 MTPA of Ammonium Sulphate based
on indigenous coal and gypsum as raw materials. The capacity was
enhanced to 90,000 MTPA in 1968.

AgritecLimiteds
Iskanderabad Daudkhel , Distt, Mianwali.

Punjab, Pakisan.

The plant of the AGL iskanderabad is situated in the north side of

Disst. Mianwali. It is approximately 40 Km away north side from
Mianwali city.

Managing Director:
Mr. Faisal Muzzamil

History of Agritech
Pak american fertilizer ltd was the first Nitrogeneous fertilizer plat
built in Pakistan at Iskenderabad Mianwali. The plant was made to
order in 1958 to produce 50,000 mteric tons/annum of Ammonium
sulphate built on indigenious coal and gypsum as raw material.In
1973 plant changed from coal gasification to natural gas.

The cost of manufacturing ammonium sulphate became

un_economical after 24 years of operations due to frequent break
downs.Therefore company decided to establish the plant in 2
phases.

In the first phase (1982-84) there were established utility plants and
some of the equipment of main plant to reduce the production cost.
World bank made the investment of Rs. 75 Million. Due to concept of
reintegration of utilities plants were utilize these facilities in the
phase 2 project.

Japan conducted the feasibility study for phase 2 with the help of
consulting institute (JCI) in September, 1987. The consultants
examined various alternatives keeping in view of constraints of gas
supply and maximum utilization of existing infrastructure. Industry
was fond optimum alternative to be 600 MTPD Ammonia and 1050
MTPD Urea in March, 1989 company signed an agreement for
yen18,598 Million loan between overseas Economic co-operation

fund (OECF) Japan and Government Of Pakistan (GOP). Industry used

loan effectively in August,1989.

In 1994 with the help of OECF extra loan of 5,107 million yen was
negotiated to cover the total cost. M/s Toyo Engineering
Corporation (TEC) of Japan were selected as engineering. The project
PC-1 was approved in April, 1996 at a totak cost of Rs. 8,975,663
Million. The project will save Rs. 2136,610 Million/annum od foreign
exchange at 100% capacity utilization. It would also increase NFC,
share of overall fertilizer production in the country from 38.8% to
42.23%.

AZGARD-9 is a leading value added textile exporter of vertical,

spinning, weaving and garments with expected sales of Rs. 7 billion
this year. AGZARD-9 has acquired PAFL in the month of febraury
2006 in partnership with Jahangir Siddiqui Securities, one of the
leading group of Pakistan in the financial sectors. PAFL was handed
over to AZGARD-9 Limmited on July 15, 200

Basic Facts:

Managing Director of AGL:

Mr. Faisal Muzzamil

Location Of Industary:
Iskenderabad (Mianwali, Punjab)

Telephone: 0459-392346-50

Fax no: 0459-392715

Registered Office: Iskenderabad (Mianwali)

Status: Public Limmited

Incorporation Date: Dec, 15, 195

MAIN PRODUCT OF PLANT

The main product of the company is urea.

By Product:
There is no by product. Ammonia is used for the production of
urea.
PRODUCT PORTFOLIO:
Production capacity:

Ammonia 600 metric tonns per day

Urea 1050 metric tonns per day

PRODUCT QUALITY:
Urea:
Nitrogen 46.40%

Biuret 0.80%

Moisture 0.25%

RAW MATERIAL:
Natural gas 23 million cubic feet per day

Vision
Agritech Fertilizer Private Ltd.

To become a major regional diversified fertilizer company.

Mission
Agritech Fertilizer Private Ltd.

To become diversified manufacturer of both Nitrogenous and

Phosphate fertilizer, significantly contributing to the
development of agriculture sector of Pakistan.

Goal Of AGL.

The goal of the company is to become the leading fertilizer

manufacturer for the both nitrogenous and phosphate fertilizers.

Competitive Strategies

1. Quality
2. Exact quantity
3. Time delivered

Competitive Strategy:

AGL produces urea from ammonia and sulphate and that affect
creates more reasonable values to their products to compete with
 products of competitors. Due to their proper planning they are
able to make timely deliveries.

Competitors of Agritech

Name Capacity Location

1. Pak Saudi Ltd. 2100 MT/day Mirpur

2. FFC 5350 MT/day Sadiqabad

3. Pak Arab ltd 360M/day Multan4.

4.Engro Camical Ltd 1800M/day Dhakki

Organization Structure
Agritech Fertilizer Private Ltd.

Departments of AGL:
1. Manufacturing Department
2. Engineering Department
3. Finance Department
4. Administration Department
 5. H.R Department
6. Inter Relation Department

No. Of Employees:

Category: Number:
Regular Executives: 258

Executives On Contract: 24

Trainee Engineer: 17

Regular Workers: 350

Workers On Contarct: 103

Trainee Apprentice: 27

Worker on contract for provision

Of services: 75

Total No. Of Workers: 854

Classification of scales:
Executives : G-7 To G-13

Workers : S-1 To S-6

The facilities are provided to the employees according to their scales.

Hierarchy Chart
Types Of Workers.
There are 3 types of workers in AGL.
1. Regular
2. Contract Workers
3. Labor Contract Workers

1.Regular Workers:
They are the permanent workers of the company.

2.Contract Workers:
These employees are hired by the demand of the jobs. Company
gives the 3 year contract to them.

3.Labour Contract Workers:

They are the workers which are working on daily wages.
 Main Offices Of AGL.

Head Office Of The Company:

2nd Floor, Asia center, 8-Babar Block new garden town Lahore.

Telephone: +92 42 35860341-44

Fax: +92 42 35860340

Reginal Offices:
1.Haripur AgreetechLimmited:

Hazzara Phosphate business

Hattar road DisstrictHarripur

Fax: 0995616126

2.Mianwali:

AgrItechlimmited

IskenderabadDaudkhel, Mianwali

Fax: 92 459 392715

Comments on Organizational Structure.
The structure of Agritech is very good. I spend most of my time in
Finance department because that was my concerned departments.
The staff of finance department is very supportive and kind. They
make all efforts to provide all the information to me n guide me as
well whenever I had any problem. They appreciate my efforts.

My experience was very good over there. Despite of the finance

departments t I got a chance to spend some time in H.R department
is well. They provide me the entry pass. They tell me about timing
and all the rules and regulations.

The security staff was very hostile n co-operative but they make sure
all the inspection every day which I like the most because they are
the responsible for the security of whole organization.

Every day lunch was given free to all the staff n workers and to all the
internees is well. The canteen staff was very kind and hard working.

Over all the whole structure of Agritech was very supportive and
informative. I learned a lot about my field of study and about the
work ethics they carried. It was wonderful experience for me. All the
staff of Agritech was very professional and hard working.
 My Internship Plan.

I did my internship in Agreetech Fertilizer Limited Iskanderabad

plant. It is approximately 40 Kilo Meters away from my home. I apply
for the internship in may because of my degree requirement and my
application has been approved in first week of June by MR. Javed
Iqbal (Admin Officer).

I started my internship from 12th June, 2017. I was there as a

internee in Finance department under the supervision of MR. Aziz
Ullah Saeed ( Manager Finance).

I was there for approximately 7 weeks from 12 June to 18 August

2017.

I spent most of my time in Finance department as my degree

requires. There was different section in finance departments and I
spent 1 week in every section.
 Structure of the Finance Department

Sections of the Finance Department are:

1. Pay Roll Section

2. Cash Section
3. Payable Section
4. Sales Section (Receivable Section)
5. Cost & Budgeting Section

Finance Manager:
Mr. Aziz Ullah Saeed is the manager of Finance department of
Agritech Iskanderabad.

Assitant Manager:
Mr. Maqsood is the Assistant Manager of Agritech iskanderabad.
 What I have learnt as an internee?

I spent most of my time in finance department. There are different

sections of finance department as follow

1. Payble section
2. Receivable section
3. Payroll section
4. Cash section
5. Cost and budgeting section
6. Warehouse section

Payable Section
The incharge of the payble section was Mr. Mansoor. I spent
almost a week in this section.

In this section all the liabilities of company are recorded against

the purchasing. A purchasing procedure is adopted.

Purchasing Procedure:
Purchasing procedure contains

1. Purchase Order
2. Material Receiving Report
3. Sale Tax Invoice
4. Invoice Voucher
 Purchase Order:
It contains all the detail about purchase,

Purchase order number

Type of purchase order

Print date

Payment routine

Placement of order

Buyerote to vendor

Amount in figures and words

Matrerial Receiving Report:

It contains details about material that is received.

Receipt no.

Date of receipt

Date of inspection

Truck no.

Truck bill no.

Inward gate pass

Signature of store keeper and manager of material

Invoice Voucher:
Bill prepared by seller and invoice voucher prepared by buyer. After
the buyer prepare the invoice voucher. Company pays the income
tax and sales tax on the behalf of supplier due to this voucher buyer
find the net payble.

Journal voucher, journal ledger, account

paybleregister,inventoryledger,material abstract register also used in
payable section.

Sales or Receivable Section

In sales section I received by Mr. Saqib Mukhtar(Ass. Manager A/c.)
and Mr. Zafar. What I have seen there is as follow,

3 types of the vouchers are used in the urea sales process

1. Cash vouchers
2. Bank vouchers
3. General vouchers

The WTH is 15% and sales tax is 5%.

After field officers receiving order they report to marketing

department . Marketing department collects the order and sends the
customer order to logistics department.Logistics department issues
supply order and the concerned copies to different departments as
follow,

1.Carriage Contractor

2.Marketing Office
3.Accounts

4.PH&S

5.Dealer of Urea

6. Office

3 things are used to make sales entry.

1.Dispatch Report

2.Supply Order

3.Gate Pass

Procedure:
First of all marketing department received the order and sends the
copy to logistics. Logistics department issuse supply order and sends
into following departmenst,

1. Carriage Contractor

2. PH&S

3. Marketing Department

4. Accounts

5. Dealer Of Urea

6. Office

Now Ph&s department manage the loading and also issues the gate
pass and the copies of documents sends to the following
departments,

1. Security department
 2. Accounts
3. Logistics

Account receivable section collect all documents and link all the sale
invoices with dispatch od urea and then tally all dispatched sale with
gate passes. Finnaly prepares the sale book.then approved by sr.
manager and and posted in g.ledger.

Account receivable also issues sales tax invoice against each sales
invoice.

Cash section:
In cash section I met with Mr. Khawar Shah and Mr. Latif Ullah
(Cashier).

It is the most important section of the finance department. There are

two main functions of cash departments are

1. Payments
2. Recipts

Payment:
There are 2 types of payments.

1. Petty Payment

2.Bank Payment

1.Petty Payment:
As name suggests petty payment limmits the payment to 10,000.

2.Bank Payment:

Any transaction which go thorough bank,cheaque or debit authority.

Normaly these payments are made through RTGS.Real time gross
settelments. This method is used for quick payments. Company
maintain all the transactions above the 10,000 through main cash
payments. Those payments could be

Income Tax

Medical Bill

Supplier Payments

Payroll of Labor Contract

Road Freight

2.Recipts:
Two types of recipts,

1. Petty Receipts
2. Bank Receipts

1. Petty Receipts:

There is no limits puts on petty receipts by the company.

2. Bank Receipts
All types of receipts are recorded in the bank receipt.Every receipt
which comes in company accounts but cash section can not
withdraw more than 200,000 per day. Its limits to 2 lac. It may
contains

Truck token amount

Canteen cash sales

Urea sale cash

Ammonia sale cash

A/c Payable Voucher:

In A/c payable voucher the expense a/c is debit and the clearing A/c
will be the credit.

Debit Memo:
When payment made on behalf of other party, when they demand
the amount they are given the debit memo.

Credit Memo:
It is the vice versa of debit memo.

Bank Reconciliation Statement:

The main idea of bank reconciliation statement is to find errors b/w
company and banks jorunal vouchers. For example if any entry is not
recorder at bank or company’s book keeping.

3 Things are considered before making bank reconciliation

statement.
 1. Previous bank reconciliation statement
2. General ledger
3. Bank statement

Pay Roll Section

The incharge of payroll section was Mr. Habib urRehman.
Payroll section is responsible for

1. EOBI
2. Employees salaries
3. Letters of Transfers and Posting
4. Final Dues File
5. Hajj/Umrah File
6. Social security File

It is the very important section of the finance department. It deals

with the matters of employees. Pay roll section have all the
information about the employees. Salaries are paid monthly to the
employees.over times and bonuses are also added in the salary.

Eobi(Employees old age benefit institution) and Pessi(Punjab

employees social security institution). The employers
mothlycontributin for the Eobi is 5% of the gross pay of 8000 and
andmothlyRs. 80 recovered from salary of each employee.
For the Pessi the contribution is made up 6% of the gross salary of
Rs. 18000 per employee. If the employees salary is less then 18000
e.g 17000 then 6% of 17000 are deducted.

Gross pay and Net Pay:

Salary after deductions is called net salary. 2 types of deductions are

made.

1.Voluntary deductions:

Deductions from salary that employees choose are called voluntary

deductions. These deductions are by choice of employees.

2.Deduction.Statutorys:

Deductions which are cunpulsory as laws of the company suggets are

called statutory deductions.for example as the law of Govt of
Pakistan the income tax is deducted from the employees salary. The
icome tax is charged according to the gross salary of the emloyees.

Rates of Tax chargeable for the Tax Year 2017.

Sr.Salary Rate

1.Up to 18000 0.0%

2. Exceeds 18000 0.50%

3. Exceeds 25000 0.75%

 4. Exceeds 35000 1.50%

5. Exceeds 40000 2.50%

6. Exceeds 45000 3.50%

7. Exceeds 55000 4.50%

8. Exceeds 65000 6.0%

9. Exceeds 75000 7.50%

10. Exceeds 90000 9.0%

11. Exceeds 1050000 10.0%

12. Exceeds 120000 11.0%

13. Exceeeds 145000 12.5%

14. Exceeds 170000 14.0%

Functions Of Payroll:
1. Prepare the income tax payble sheet for earnings
2. Prepare of non-statutory deductions
3. Prepare of Pay slips( net pay slips after deductions)
4. Calculate the gross salary of employees
5. Calculate the employees state benefit contribution.

Pay Slips:
Pay slips of the employees are made in the pay roll section. Pay slip
shows the salary of the employees and how much income tax has
been dedcucted and other deductions are alos made if applicable
and the pay slips are send to the employees home address.

Bonuses of the Employees:

Agl gives the different kinds of bonuses to employees. Which are as
follow,

1.Provident Fund:

It is a retirement fund which is given to the employees. Executives

contribution is 8.33% and workers contribution is 5% on basic salary
on each month. Same amoun also paid by the company.

2.Peace Maintained Bonus:

If the peace maintained in the whole year and no un wanted things

happened this peace maintained fund given to the employees.

3.Gratuity Fund:

It’s the kind of pension which is given to the employees at the time
of retirement. It is also based on basic salary.

Insurance:
Insurance of the every employee is also paid. Minimum amount of 4
lac company pay behalf on the employee. In case of sudden death
the amount will be double.
For the executive the insurance amount will be 11 lac and if salary is
50 thousand. If the salary is above 50000 then insurance amount will
be 12 lac.

Insurance for Executive employees:

Salary Insurance Amount

50 000 11 lac

Exceeds 50000 12 lac

Exceeds 1 lac 12 lac

Exceeds 2 lac 24 lac

Traveling and Daily Allowonces:

These allowances are given to the employees as follows,

1.Hajj and Umrah Policy:

Agritech sends their employees on hajj and umrah every year by the
lucky draw.

Every year 18 employees will go for hajj and 8 employees will go for
offering the umrah. Every moth 400 rs are deducted from every
employees salary and same amount paid by the company is well for
every month for the complete job period.
Company bears all hajj expenses as per Govt announces.

Pay transport expenses.

Pay living expenses.

2000 saudireyals paid to the employees for their living expenses

there.

Grant 45 days of leave to the employee for hajj.

2.Medical Allownces:
Agritech pays all the expense of medical bills. First of all employees
goes to the company’s hospital but if the doctors refers the patient
any where then company will bear all the expense.

Employee give medical bill to get return the money feom company.
The payroll supervisor checks the bill and sends to manager of
finance then G.M checks the bills and after all this process the
amount will be paid to the employee.

Donation:
Donation is recovered from all employees salary and donate these
funds as willingness of employees. These donations paid into bank
accounts of different donated organizations.

Leave Procedure:
There are following types of leaves,

1. Casual leaves
 2. Medical leave
3. Leave with out pay

Casual leaves:

10 leaves are allowed to employees per annum.

Medical leaves:

For the permanent workers only 1 medical leave is allowed .For more
than 1 leave medical certificate is necessory for even one day. If the
more leaves are required by the condition of patient the approval of
project manager is essential.

Leave with out Pay:

leave with out pay is can not be more than one month but in some
cases it could be more than 1 month.

Loans:
Loans are also given to the employees by the company.loan is given
to the employees on the basis of provident fund. It means an
employee can only get laonto equal ammount of provident fund.

Types of loans:

These types of loans are given to the employees.

Laon for house building:

Maximum amount for house building oan is 100,000. With 5 %

interest rate and return period is ten years.

Loan for Motor cycle:

Employee can get the amount of 70,000 for bike and with 3%
interest rate nadretirning period is 4 years.

Loan for Marriage:

There is no fixed amount for marriage loan. It is also for 3 years with
9% interest.

Loans for Executives :

Company also offers the different types of loans to executive is well.

1. Car loan:
 2. The amunt of car loan is 337,000 with 3$ interst and returning
period is 5 years.

3. House Building:

This loan is given to the employees by the formula on basic salary.

½ of basic salary x 84= rs…. On the 3% interest and returning period

is 3 years.

4. Soft loans:

These loans are given to the employees for purchasing of home

appliances. Total amount of 90,000 with 3% interest rate and
returning period is 3 years.

Others functions of Pay Roll section:

The letters of transfer, posting, termination also issues from the pay
roll section.

Notice of Retirement:

Company informs 3 months ago from retirement of executive

employees and 1 month before workers employee retirement.

Ways of Finishing the Job:

1. Retirement
2. Termination
3. Death
4. Resignation
Letter of Transfer or Posting :

1. Up_gradation

2. Re_posting

3. Shift allowance

4. warnings

Cost section
Mr. MaqsoodAnjum and Mr.Imranshehzad was in cost section.

Functions of Cost section to prepare:

1. Income statement
2. P&L statement
3. Balance sheet
4. Maintain the general and factory ledger
This sections is responsible for budgeting and cost allocation to the
relevant departments. All the sections of accounts reports to the cost
section.

Cost departments prepares all reports

These reports could be

1. 3 Months
2. 6 Months
3. Annually

Cost section is responsible for maintaining these reports because

company is listed on the stock exchange of Pakistan and it is a
requirement by the law .

They prepare all the budget of the company.

Any production results consumption of some sources. It is important

to manage cost for its planning amd controlling functions. This cost
could be

1. Direct labor cost

2. Direct material cost
3. Other production cost

These documents are prepared here,

1. Balance Sheet
2. Income statement
3. Cash Flows

4. Budgeting:
A budget is financial plan of any organization for a given time period.
Different kinds of budget are prepared in this section. Sale budget,
production budget, raw material budget etc.

Budget contains 2 important heads

1. Revenue budge 2.Capital budget

1.Revenue Budget:

it is the budget of items which are purchased after some period of

time for example stationary, uniform, labs, water supply, etc

2.Capital budget:

It’s the budget of things like new building, new hospital, club,
canteen or plant etc. it means the budget of those thing which are
for long time.

Warehouses Of AGL.

There are the warehouses of AGL as follow,

Name Code no.

Jhang 1102

Pak-pattan 1103

Layyah 1105
Kotaddu 1106

Naruwal 1108

Sargodha 1111

Okara 1112

D.G.khan 1114

Multan 1117

Mardan 1109

Some of the warehouse owned by the company and others are hired.

S.W.O.T Analysis of A.G.L

During my internship period in Agritech I analyze the company’s
strengths and weaknesses is well. Opportunities are there for
betterment and also there are threats is well.

Strengths of Agritech:
Research and Development:
In AGL a separate research and development department is working
efficiently. Which is very necessary for any company to prosper and
get along with the technology advancements. R&D
departmentscontinuously working on the new developments
available for the betterment of working and production of the
products which is quiet beneficial for the company.

Facilities Provided to the Employees:

Basic facilities are provided to the employees of AGL like house, Food
items on very less rates, medical facilities, loan with very low interest
rates, education for children’s of employees. Employees feel very
secure and motivated after these facilities and there only priority is
to work hard and that is a great strength of the company.

Safety of Employees:
security department is established. They keep the environment
secure and peaceful so the employees feel secure and concentrate n
their work.

Protection of Employees during Work:

Protection equipment is given to the employees before entering in
the plant. Which is very necessary and supervisors make sure that all
the staff is wearing the safety equipment.

ISO Certified Company:

The agitech fertilizer ltd is certified on ISO standards from raw

material to production which is very good company’s sales and
shares in market.

Weaknesses Of AGL:
Advertisement is not up to mark:
I realized that the advertisement of the compny is not up to the
mark. The managemant should think about more advertisement for
increasing the sale.

Weak MIS Department:

The company’s Misdepaetment is not functioning properly. They
have very limmited resources and limmited functions and that is very
weak prospect of the company.
Lacking of Employees in some departments:
I realized that in finance department the work force is not quiet
enough as required and the burden of the work is very high on the
employees. This is not qa good sign I guess company should think
about for the hiring of new employees because by the so much
excees of the work the employees can not produce results as
expected.

Opportunities of AGL:
Marketing Netwrok:
The company have their own marketing network which is very
benifitial for the sales of the products of the company. Marketing
network can affect positively the revenue of the company.

Ammonia and DAP:

The company can earn more revenue by the selling of ammonia and
DAP. Because the Pakistan is a agricultural country and the demand
of the Ammonia and DAP is very high so it is a great opportunity for
the company to earn profit by the sale of these products.
Threats for AGL:
Shortage of Gas:
The plants of the Agl needs gas for functioning and there is shortage
of gas in pakistan for some recent years and for last few years the
company faced shortage in supply of the gas and bears lots of the
loss because the production target was not achieved. In 2014 the
production wass decreased by a big margin by the shortage of gas
and company was in loss. So in my opinion the supply of gas is big
threat for the company in the near future.

Competition:
Competition is a threat for any business or any oraganization and as
for the AGL is well. All the fertilizer company is the threat for AGL
because Pakistan is a agricultural country with a big population and
because of this it is a great opportunity for the investors to invest in
fertilizer sector and that a threat for AGL.

Political unstability:
Political unstability is also a major threat for the all businesses and as
well for the Agl because with new govt the new policies luanched for
the businesses and it can effect negatively to the company.

Switching of employees:
Qualified and trained staff is switiching in other industries either for
high amount of salaries or by the excess of work in the AGL Sand it’s
a big threat for AGL because it effects the whole out put of the
companY.

Vertical Analysis
Total Assets 47,904,595,701 100% 48,984,232,641 100% 49,646,470,016,4 1005
60
Non Current 43415,061974 91.06 44557422885 90.96 42967113632365 91.8%
Assets % % 4
P.P.E 40769,566,769 8.5% 41896,367476 85.83 42,967,113,632 86.54%
%
Intangible Assets 2570,071,958 0.53% 207,578,1782 46.08 25,88,425,782 5.50%
%
L.T loan & Advance 13971,976 0.002 16,977,706 0.034 19,917,797 0.040%
% %
L.T Deposit 61,451,273 0.012 68,295,921 0.14% 44,971,249 0.090%
%
Current Assets 41,89,533,727 0.937 4,426,809,756 9.03% 40,280,415,56 8.12%
%
2,049,475,897 0.42% 2050,290,642 4.18% 2,068,630,517 4.16%
Store, Space, Tools
Stock In Trade 337,248,02 0.07% 630,947,812 1.29% 348,227,103 0.70%

Trade Debt 51,016,085 0.01% 61,149,289 0.24% 19,858,904 0.04%

Advance Deposit 1,657,045,089 0.34% 918,899,967 1.87% 985,225,92 1.98%

Tax Refund from 247,454,816 0.05% 282,234,570 0.57% 176,844,685 0.35%

GOVT.
Cash and Bank 147,293,658 0.03% 483,287,466 0.98% 428,754,421 0.864%
Balance
Total Equities & 47,904,595,701 100% 48,984,232,641 100% 49,64,64,70016 100%
Liabilities

Share Capital & (4,673,643,463) (2414334587) 4.92% 1022194318 2.05%

Revenue
Issue subscribe & 3,924,300,000 55,17,642690 11.26 5517642690 11.11%
paid up capital %
Reserves 900,000,0 0.018 900,000,0 0.018 900,000,0 0.018%
% %
Accumulated Loss (10,200,286,15 21.29 (7940977277) 16.21 (450,44,48372) 9.07%
3) % %
Surplus on 9,80,310,370 18.95 9314273887 19.01 8889,59,21,64 17.90%
reveluation of % %
Fixed Assets
Non Current 8,801,340,560 18.37 11961042525 24.41 15601105764 17.90%
Liability % %
Redeamable 3,997,884,489 8.34% 6583561201 13.44 7974045542 16.06%
Capital %
L.T Finance 1,183,232,758 2.46% 2259740740 4.61% 366940929 7.39%

Liabilities against - - - - - -
Asset & Finance
L.T Payable 31,135,199 0.06 31135199 0.063 31135199 0.062%

Deffered Liabilities ---------- ---- -------------- ------- ------- -----

Staff Retirement 28,69,815 0.05 22891426 0.046 15169860 0.0035

Benifit 7 %

Deffered Taxation 3560,429,299 7.43 306,3713959 6.25% 3911114234 7.87%

Current Liabilties 34,696,588,234 72.4% 30,123,250,081 61.49 24,133,577,770 48.61%

6 %
Current Maturity 14,138,278,307 29.51 10,460,164,858 21.35 76,52,195,166 15.41%
of non current % %
Liabilirties
S.T Borrowings 3410526346 7.5% 36,74,801,309 7.5% 37,77,77,328 7.40%

Trade and other 34,67,25,716 7.23% 4,105,551,488 8.4% 3,129,544,453 6.30%

payble
Interset allowed 28,25,980,154 5.89% 11,203,349,154 22.87 9,170,644,512 18.475
on Borrowings %
Prefferencedevide 854,551,711 1.78% 669,284,007 1.38 504,076311 1.01%
ns on Paybles

Vertical Analysis of Income Statement

2016 % 2015 % 2014 %
Sales 3542570270 100 2794627675 100 8627668956 100
Cost Of
Sales 4552903869 120 2794627675 139.53 (67999472513) 78.81
 Gross
Profit/Loss (710333599) 20.05 3899365857 39.53 1828196443 21.18
Selling &
Distribution 160945738 4.54 (1104738182 4.706 330617053 3.83
Expenses )
Admin &
Gen 619814219 17.49 676552437 24.209 (767765477) 8.8988
Expenses.
Other
Expenses 1506920 0.0425 119169414 4.26
Other
Income 40393041 1.140 93163918
Operating 729813913
Loss/profit (1452207435) (40.99) (1938818773 (69.37) 8.45
)
Finance 2229731740 62.91 3214341173 115.01
Cost 4659352159 54
Other
income 62929423 0.0729
Loss before 3681939175 5153159946
Taxation 103.93 184.39 (3866608823) 44.81
Taxation 191721822 5.412 849185596 30.386 484452282 5.61
Loss After 3490217353 4303974350 154.00 (3382156541)
taxation 98.52 39.21

Horizontal Analysis of Balance Sheet

2016 2015 Difference

Total Assets 48984232641 49646470016 -662237375

Noncurrent asset 44557422885 45618428460 -1061005575

Property plant and 41896367476 42967113632 -1070746156

equipment

Intangible assets 22575781782 2586425782 19989356000

Long-term loans and 16977706 19917797 -2940091
advances

Long term deposits 68295921 44971249 23324672

Current Assets 4426809756 4028041556 398768200

Stores spare parts 2050290642 2068630517 -18339875

tools

Stock in trade 630947812 348727103 282220709

Trade debts 61149299 19858904 41290395

Advances, deposits, 918899967 985225926 -66325959

receivables

Tax refunds due from 282234570 176844685 105389885

government
Cash and bank 483287466 428754421 54533045
balance

2016 2015 Difference

Total Assets 49646470016 44239183166 5407286850
Noncurrent 45618428460 38614519028 7003909432
asset
Property plant 42967113632 35953627796 7013485836
and equipment

Intangible assets 2586425782 2592026353 -5600571

Long-term loans 19917797 21736130 -1818333

and advances

Long term 44971249 47128749 -2157500

deposits
 Current Assets 4028041556 5624664138 -1596622582

Stores spare 2068630517 2037838649 30791868

parts tools

Stock in trade 348727103 539320247 -190593144

Trade debts 19858904 14415382 5443522

Advances, 985225926 1432356296 -447130370

deposits,
receivables
Tax refunds due 176844685 165907478 10937207
from government
Cash and bank 428754421 1434826086 -1006071665

2016 2015 Change 2015 2014 Change

Total Equities 48984232641 4964647001 -662237375 4964647001 4423918316 5407286850
and liabilities 6 6 6

Share capital and 2414334587 1022194318 1392140269 1022194318 5422146117 -4399951799

reserves

Issues subscribes 5517642690 5517642690 5517642690 5517642690 0

and paid up capital
0
Reserves 9000000 9000000 0 9000000 9000000 0

Accumulated 7940977277 4504448372 3436528905 4504448372 104496573 4399951799

losses

Surplus on 9314273887 8889592164 424681723 8889592164 3817886542 5071705622

revaluation of
fixed assets

Non-Current 11961042525 1560110576 -3640063239 1560110576 1674848635 -1147380588

Liabilities 4 4 2

Redeemable 6583561201 7974045542 -1390484341 7974045542 9516754658 -1542709116

capital

Long term finance 2259740740 3669640929 -1409900189 3669640929 4969800304 -1300159375

Long term 31135199 31135199 00 31135199 31135199 0

payables

-staff retirement 22891426 15169860 7721566 15169860 13757997 1411863

benefits

Deferred taxation 3063713959 3911114234 -847400275 3911114234 2217038194 1694076040

Current liabilities 30123250816 2413357777 5989673046 2413357777 1825066415 5882913615

0 0 5

Current maturities 10460164858 7652195166 2807969692 7652195166 4748202377 2903992789

of Non-current
liabilities

Short term 3674801309 3677177328 -2376019 3677177328 3989673433 -312496105

borrowings

Trade and other 4105651488 3129544453 976107035 3129544453 2489637074 639907379

payables

Preference 679284007 504016311 175267696 504016311 328748615 175267696

dividend payables

Preference dividen 679284007 504016311 175267696 504016311 328748615 175267696

Horizontal Analysis Of I. Statement

2016 2015 Change 2015 2014 Change
Sales 3542570270 2794627675 747942595 2794627675 8627668956 -
583304128
1
Cost Of 4252903869 3899365857 353533801 3899365857 8227668956 29001066
Sales 2
Gross (710533399 (110473818 - (110473818 (679947251 290010665
Profit/loss ) 2) 394404583 2) 3) 6
Selling & 160945738 131522658 29423080 131522658 1828196443 -
Distributio 723458261
n
Expenses
Admin & 619814219 676552437 -56738218 676552437 (767765477 -91213040
General )
Expenses
Other 1506920 119169414 - 119169414 119169414
Expenses 117662494
782266877 927244509 - 927244509 729813913 197430596
144977632
Other 40393041 93163918 -52770877 93163918 62929423 93163918
Income
Operating (145220743 (193881877 - (193881877 729813913 120900486
Loss/Profi 5) 3) 486611338 3) 0
t
Finance 2229731740 3214341373 - 3214341173 4659352159 -
Cost 984609433 144501098
6
Loss 3681939575 5153159946 - 5153159946 (386660882
Before 147122077 3)
Taxation 1
Taxation 191721822 849185596 - 84918559 484452282 364733314
657463774
Loss after 3490217353 4303974350 - 4303974350 (338215654 768613089
Tax 813756997 1) 1

Ratio Analysis
2014 To 2015
1. Earning Per Share:
Net Income – Preferred Dividend/Weighted Average Common Shares
Outstanding

For 2014:
11.49 Loss per Share

For 2015:

9.34 Loss per Share

2.Current Ratio:
Current Assets/Current Liabilities

For 2014:
4028041556/241335777770 = 0.1789
For 2015:
4426809756/30123250816 = 0.3169
3. Return on Sales:

Net Income/Net Sales

For 2014:

(4303874350)/2794627675 = 1.54

For 2015:

(3490217353)/35425570270 = 0.98

4. GP Rate: [ GP/Net sales ]

For 2014: (1104738182)/2794627675 = -0.39

For 2015: (710333599)/3542570270 = -0.200

5.Debt Ratio: [ Total Liabilities/ Total Assets ]

For 2014: 397346683534/496464716 = 0.80

For 2015: 42084293341/48984232 = 0.859

6.Equity Ratio: [ Total equity/Total Assets ]

For 2014: 1022194318/4964470016 = 0.2059

For 2015: (2414334587)/48984232641 = -0.0492

Conclusion

During my stay in AGL I was able to witness all the functions of

Finance departments . How they deal in cash handling and all the
management of financial asset like cash as a administration student
it was a wonderful experience for me.

My exposure was increased dramatically and I learnt a lot of things

about practical functioning of an organization. The staff of the AGL
was very supportive. They keep me involved by assigning the tasks in
they found satisfactory results.

The security staff was very friendly. In first week they guide us to the
process of entering and leaving the organization and about the
timming. The H.R department was quiet supportive as they issue us
the entery cards.

In short my stay in AGL was quiet wonderful. As a student I learnt a

lot about business administration and work ethics of professional
life.
 Recommendations

1. Cutting off the over load of work:

As a part of AGL i observed and see that the work load on the
employees is to excessive. They don’t have even time for lunch
properly. So management should think about it

2. Hiringof Employees:
The finance management should hired the new staff because there
are vacant seats available so management should hire people
because it will cut off the laod of the work of employee of finance
department.

3. Friendly Environment b/w management. and

employees:
I will suggest the management to keep friendly environment
between employees and the authority because it will boost the
morale of employees and they will feel motivated.

Refferences:
www.pafl.com