Internship Report

Name: Muhammad Qasim Raza

Reg no: Fa19-bba-027

Supervisor: Mr Yousaf Marwat

Semester: 7

Department of Management Sciences

COMSATS University Islamabad, Attock Campus

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 Acknowledgement

All praise is due to the One and Only ALLAH,

The Omnipresent, the Most Merciful, and the Most Compassionate, above and beyond all
else. To describe His dignity, there is a lack of time, limited knowledge, and language.
The fact that Allah has given me the aptitude and capacity to contribute to the vast bodies
of already-existing knowledge is one of his innumerable favors. I honor the universe's
greatest being, the HOLY PROPHET HAZARAT MUHAMMAD (PBUH), Who serves
as a constant source of wisdom and direction in all areas of life.

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Table of Contents
Chapter 1 Introduction 6
1.1 Purpose of Internship 6
1.2 Introduction of Organization 6
1.3 Brief History of Organization……………………………………………………………………..……………………….6

1.4 Organizational Structure ………………………………………………………………………………………..………7

1.4.1 Figure…………………………………………………………………………………………………………………………….7

1.4.2 Figure……………………………………………………………………………………………………………………………7

1.4.3 Figure…………………………………………………………………………………………………………………………..7

1.5 Organization Main Offices…………………………………………………………………………………………………8

1.6 Organization Product and Services…………………………………………………………………………………….8

1.7 Organization SWOT and PESTL analysis…………………………………………………………………………9

1.7.1 SWOT analysis…………………………………………………………………………………………………9

1.7.1.1 Strengths………………………………………………………………………………………………………9

1.7.1.2 Weakness…………………………………………………………………………………………………….9

1.7.1.3 Opportunities………………………………………………………………………………………………10

1.7.1.4 Threats………………………………………………………………………………………………………10

1.7.2 PESTL analysis………………………………………………………………………………………………10

1.7.2.1 Political Analysis……………………………………………………………………………………...11

1.7.2.2 Economic Analysis………………………………………………………………………………...11

1.7.2.3 Social Analysis……………………………………………………………………………………………11

1.7.2.4 Technological Analysis………………………………………………………………………………11

1.7.2.5 Legal Analysis……………………………………………………………………………………………12

Chapter 02 Overview of the Department……………………………………………………………………….14

2.1 Introduction of Department ……………………………………………………………………………………..14

2.2 Structure of the Account Department………………………………………………………………………..14

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 2.2.1 Figure.....……………………………………………………………………………………………………………………..14

2.3 Details of Employees working in the Account Department…………………………..……………14

2.4 Function of the Account Department…………………………………………………………………………18

2.5 SWOT Analysis of the Account department………………………………………………………………18

2.5.1 Strengths………………………………………………………………………………………………………………….18

2.5.2 Weakness…………………………………………………………………………………………………………………19

2.5.3 Opportunities……………………………………………………………………………………………………………19

2.5.4 Threats………………………………………………………………………………………………………………………19

Chapter 03 Learning as an internee……………………………………………………………………………………20

3.1 Job Description as internee…………………………………………………………………………………………..20

3.2 Profile of the immediate Job supervisor………………………………………………………………………..20

3.3 Details of learning activities……………………………………………………………………………………..20

3.3.1 Week 1…………………………………………………………………………………………………………………20

3.3.2 Week 2…………………………………………………………………………………………………………………21

3.3.3 Week 3………………………………………………………………………………………………………………..21

3.3.4 Week 4……………………………………………………………………………………………………………….22

3.3.5 Week 5……………………………………………………………………………………………………………….22

3.3.6 Week 6………………………………………………………………………………………………………………….22

Chapter 4 Discussion, Conclusion and Recommendation.......................................................23

4.1 Critical Analysis 23
4.1.1 Mission…………………………………………………………………………………………………………………..23

4.1.2 Vision……………………………………………………………………………………………………………………23

4.1.1 Financial Statement Analysis 23

4.1.1.1 Table…………………………………………………………………………………………………………..24

4.1.1.2 Table……………………………………………………………………………………………………………25

4.2 Recommendation of the Department………………………………………………………………..……………26

4.3 Conclusion……………………………………………………………………………………………………………………..26

References…………………………………………………………………………………………………………………………27

Annexure and Appendices……………………………………………………………………………………………………27

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Executive Summary
The actions taken during the internship at Saad Textile Industries Lahore are the basis for
this report. The six-week internship gave me real-world experience working in a
professional setting. The many sections of this report go into great detail about this
learning experience.
 Some information about the company is provided in the first part. The company's
past and current situation are described. Additionally, the location of the
organization, its management structure, and its organizational structure are
explored.
 The second portion contains information on the department's introduction,
organizational structure, employee information, etc.
 The third section contains information on my job, my supervisor, and the weekly
work I completed.
 Critical evaluation, suggestions, references, and other information are included in
the fourth section.

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 Chapter 01: Introduction

1.1 Purpose of Internship:

Purpose of my internship and the reason behind that assignment was to explore the
organizations. Internship is the most valued opportunity provided by our institute to have
the knowledge of the practical business life of a manager and since my area of studies is
focused in finance so I was in Saad textile mills for 42 working days. And stayed closely
with the assistant account manager and carried out all the tasks in his shadowing.
 I am doing this internship because I want to gain some knowledge about finance
of mills basically I am doing my specialization in finance that is why I am doing
internship in Saad Textile Mill. Where my work is to
o Balancing and maintain all data.
o Invoices issuance to customer.
o Debits and Credits.
o SAP (System Applications and Products)

1.2 Introduction of Organization:

Saad Textile Mills is a family owned business which has been in Textiles since 1953. The
fabric and towel weaving unit was set up in 1992, located on Manga Raiwind Road,
about 40 kms from Lahore city. The unit is equipped with state of the art machines and
specializes in the production of towels, bathrobes and other woven terry and sheeting
fabric. At Saad Textiles we take pride in the quality of our products, all of which are
exported to various parts of the globe with particular emphasis on the European market.
Our mission is to satisfy our customers with top quality products at competitive market
rates.

1.3 Brief History of Organization:

Saad textile Mills is a towel manufacturing unit with an extensive range of towels,
bathrobes and all other terry products. We specialize in Jacquards, Dobby and Yarn-
dyed towels with a wide variety of new products, using special yarns such as Zero-
twist, Tensil, Bamboo and Hemp. Since establishment in 1991, we have been
progressively moving towards innovative excellence in serving our customers with
effective service while remaining environmentally friendly. With a highly talented
team of professional experts in each department, we thrive to achieve 100%
customer satisfaction by providing them with the best quality products in the fastest
possible lead time. Commitment to sustainable social progress and a responsibility
to the environment are part of our core beliefs. Environmentally friendly practices

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 are embodied in the Saad way of working and we take pride in holding various
certifications including okeo-tex standard 100 and iso: 9000

1.4 Organizational Structure:

CEO

General Production Admin

Manager Manager Manager
Fig 1.4.1

Department

Marketing/
Operations
Sales

Maintenance

Production

Quality
Control
Fig 1.4.2

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 Supporting Function

Faninace/ Accounts

Engineering/ IT

WCM

IRL

HR

Fig 1.4.3
1.5 Organizations Main Branch:
Saad Textile Mills Head Office is coordinated in 1 KM defense road Bhuptian Chowk
Opp. COMSATS University Lahore. Pakistan.
Tell No: +92 42 35320064-66
Fax: +92 42 35320069
Email: marketing@saadtextile.com

1.6 Organization Product and Services:

 PLAIN DYED
 INSTITUTIONAL
 JACQUARDS
 YARN DYED
 BEACH AND POOL
 KITCHEN

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  KITCHEN
 LACE AND EMBROIDERY
 SHEETING FABRIC

1.7 Organization SWOT and PESTL Analysis:

1.7.1 SWOT Analysis:
1.7.1.1 Strengths:
 This is high where there a few, large players in a market e.g. the
 Large grocery chain.
 If there are a large number of undifferentiated, small suppliers e.g. small farming
businesses supplying the large grocery chains.
 The cost of switching between suppliers is low e.g. from one fleet supplier of
trucks to another.
 The power of suppliers tends to be a reversal of the power of buyers
 Strong Security System
Saad textile mills has a greater security system. There are different hidden
security cameras which capture all the moments.
 High quality product
Saad textile mills is using advance technology like they have modern machinery
by which the quality of product produced is very high.
 Latest mechanized machinery.
They are using modern looms which they have purchased from Japan, Germany
and France. And by using that latest machinery the productivity of the employees
are very high.

1.7.1.2 Weakness:
High cost of production
The production cost is high because of un-proper utilization of resources.
Centralized decision making
The decisions are made by the upper management which is weakness of the Saad Textile
Mills because they have not any proper idea about the prevailing situation and their
decision can be un-fruitful for the company.
Less promotional activities
The advertising and promotional cost of the Saad Textile Mills is very low it can take
advantage for more turn outs.

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1.7.1.3 Opportunities:
Organization can reduce the cost by proper utilization of resources
If the cost of different matters which are not been utilized properly, is controlled by the
Saad textile Mills management they can produce more at less costs. It has to develop a
further systematic process for controlling and managing resources.
Organization can hire more well-educated and experienced person
They can take advantages by hiring more skilled people and they should hire young, fresh
and energetic staff for their betterment. Because being human, you always have the room
for betterment in any aspect.
Organization can expand Product Lines
Currently the Saad textile Mills is not dealing in knitwear they can expand their product
line by producing knitwear. They have plants and the extra cost for the production will be
low. They also have better market repute.
1.7.1.4 Threats:
A new competitor in your home market price wars with competitors
A competitor has a new, innovative product or service

Buyer needs demands changes

Because of the research & development the design and the product of Saad textile
Mills is just satisfactory as compared to competitors in the global environment
and they are not fulfilling the demand of customers.
Political instability
Political instability effects the Saad textile Mills because of the quota system,
Government can restrict the Company to export.
Changed of government policies
Government policies are changing day by day so it is always a threat for not only
Saad textile Mills but for any company to survive in such an environment.
Globally Economic instability
Because of the economic instability the Saad textile Mills and the “Dumping
system” which is rising on daily basis in the world can create many problems for
the company and any uncertainty in the world like 9/11 may also affect its overall
exports.

1.7.2 PESTL Analysis

PESTEL is a shortening that addresses Political, Reasonable, Social, Innovative,
Customary and Certified. Used to portray an Appraisal is used for picking the doorways
and risks of genre.

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1.7.2.1 POLITICAL ANALYSIS
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.

1.7.2.3 ECONOMIC ANALYSIS

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

1.7.2.4 SOCIAL ANALYSIS

The change in the lifestyle of the people affects the growing demand of the Saad Textile
Mills products. The change in the lifestyle and needs in different demographics also
affect the demand of the customers.

1.7.2.5 TECHNOLOGICAL ANALYSIS

Technological advancement in all the sectors of the country has changed the entire socio-
economic environment. Especially in the textile sector there is a lot of technological
development. Saad Textile Mills excellent computerized machines and devices have
made extension in its present setup of well advanced technology imported from Japan,
Germany and France.
 Social Media Marketing

The improvement of statistics and verbal exchange technology has led toward the
adoption of progressive advertising strategies to beautify collaboration with customers.
Use of social media has turn out to be common in a contemporary business environment.
Saad Textile Mills can leverage the opportunities furnished with the beneficial resource
of social media advertising and marketing to beautify industrial corporation universal
overall performance. Technological inclinations can be used to start the innovative social
media campaigns for growing on line logo organizations.

 Technological improvements and improvement level

Saad Textile Mills need to carefully consider the on-going technological improvements to
live in advance of the opposition. Technological improvements like this may deliver
maximum crucial variations inside the organization and reset the success hints for market
gamers. Moreover, considering the development and adulthood level of technology inside
the respective marketplace is also important. Entering in markets in which technological

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development has now not reached the maturity method Saad Textile Mills can boom the
market share via focusing on growing technological upgrades.

 Three Research and development on generation and effect on rate form/price

chain
Saad Textile Mills wants to keep in mind the investments made via opposition on a micro
and macro diploma to recognize how new generation have an effect on the corporation’s
fee chain and winning fee form. Research and development sports are considerably
crucial in a surroundings characterized through innovative disruption. In such an
environment, Saad Textile Mills want to invest in disruptive era to maximize the profits
and re-make investments the profits for destiny disruptive technology.

 Shortened product existence cycles

The adoption of recent technology has shortened the lifecycle of latest product
improvement. Today, new products are advanced quickly, and deliver chain partners have
additionally acquired greater electricity. It pressurizes the Saad Textile Mills to increase
new merchandise short, increase product range variety, combine flexibility into the price
chain and amplify wholesome commercial enterprise agency relationships with price
chain companions

1.7.2.6 Legal Analysis:

“Legal” is the 6th problem of PESTEL evaluation. Saad Textile Mills is a Fabric of Choice.
Cannot enter an ultra-modern market without analyzing in detail the prison environment and
regulatory form of the new purchaser market. A careful assessment of criminal factors is
wanted to keep away from entering into a few vital trouble. Ignorance in this regard can
reason undesired occasions for Saad Textile Mills which embody- hurting competitive
advantage because of highbrow property rights violation and harmed organizational photo
because of violation of customer/employee/environment safety standards. The following
crook factors even as exploring an ultra-cutting-edge-day marketplace
 Consumer safety prison hints
The statistics safety has grown to be an vital problem due to customers’ privateers and
protection issues. Saad Textile Mills want to have a take a look at information safety
regulations to guard the patron information. Moreover, there are prison hints to set the most
charge, make certain an excessive amazing terrific fashionable and shield customers from
fraudulent advertising claims. Saad Textile Mills want to consider the ones factors to make
sure compliance with patron safety prison pointers.
 Three Intellectual belongings crook tips
Intellectual belongings tips are designed to guard the corporations' patents and treasured
ideas. Inability to guard intellectual property rights can bring about dropping aggressive

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advantage, which may additionally furthermore weaken the place of Saad Textile Mills
within the direction of other market gamers.

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Chapter 02: Overview of the department
2.1 Introduction of the department;
This department plays an important role in any project investment, product analysis and
its budgeting. This department also performs investment decision and asset management
decision functions. How debt is used in assets.
 How and when the liabilities are to be paid. What are the achievements of the
organization by implementing decisions? Past financial decisions are reviewed
and imposed with new trends and requirements.
 The function performed by the finance department is to collect and raise funds
with the varying demands of Saad Textile Mills funds are created through loans or
by issuing share of the organization. This department also makes financial
analysis cash flows and profit and loss account finance department is headed by
director finance manager is marked. Under their personal, many sub-ordinates are
worker like account officers and assistant account officers
2.2 Structure of the Account Department:
Accounts Manager

Manager Assistant account

Assistant Account
Assistant Account
Manager
Assistant Account
Purchase Manager

Fig 2.2.1
2.3 Details of employees working in the Accounts department:
Account Manager (Asad Mushtaq):
Phone Number: 0300-4611788
Email Address: asadm@saadtextile.com
Job Description:
 Perform month-end accounting tasks such journal entries and reconciliations.

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  Create accounts on a monthly, quarterly, and annual basis.
 Full understanding of stock costs and dealing with tax issues.
 Create and submit financial statements and reports for the Chief Financial
Officer's assessment.
 Oversees the accounting team, which is in charge of payroll, billing, collections,
and budget preparation.
 Performs performance reviews on the accounting and financial employees after
hiring and recruiting them.
 Organizes training initiatives for new hires and determines the training
requirements for current employees.

Assistant Account (Muhammad Shehzad Akhtar)

Phone Number: 03424275932
Email: shahzad@saadtextile.com
Job description:
 Gives firms input on the market for sales forecasting.
 Reaches out to and keeps in touch with key accounts, both present and
prospective. Organizes sales negotiations between customers and the company,
addresses customer issues, and makes product/service improvements.
 If necessary, carry out month-end accounting tasks such journal entries and
reconciliations.
 Publish management accounts at the end of each month.
 For the CFO's evaluation, present monthly, quarterly, and annual accounts.
 Coordinating regularly with the tax manager for the functioning and completion
of the sales tax
 In charge of accounts payable and receivable
 Journal entries and ERP invoice booking.
 Complete understanding of stock taking and stock costing each month
 Help with budgeting and expense management tasks for designated accounts.
 In accordance with international accounting standards, keep track of and record
financial transactions.
Assistant Account (Naveed Sarwer):
Job Description:
 Gives firms input on the market for sales forecasting.
 Reaches out to and keeps in touch with key accounts, both present and
prospective. Organizes sales negotiations between customers and the company,
addresses customer issues, and makes product/service improvements.

15
 If necessary, carry out month-end accounting tasks such journal entries and
reconciliations.
 Publish management accounts at the end of each month.
 For the CFO's evaluation, present monthly, quarterly, and annual accounts.
 Coordinating regularly with the tax manager for the functioning and completion
of the sales tax
 In charge of accounts payable and receivable
 Journal entries and ERP invoice booking.
 Complete understanding of stock taking and stock costing each month
 Help with budgeting and expense management tasks for designated accounts.
 In accordance with international accounting standards, keep track of and record
financial transactions.
Assistant Account (Syed Anjum Raza)
Phone Number: 0322-4721412
Email: anjum@saadtextile.com
Job Description:
 Gives firms input on the market for sales forecasting.
 Reaches out to and keeps in touch with key accounts, both present and
prospective. Organizes sales negotiations between customers and the company,
addresses customer issues, and makes product/service improvements.
 If necessary, carry out month-end accounting tasks such journal entries and
reconciliations.
 Publish management accounts at the end of each month.
 For the CFO's evaluation, present monthly, quarterly, and annual accounts.
 Coordinating regularly with the tax manager for the functioning and completion
of the sales tax
 In charge of accounts payable and receivable
 Journal entries and ERP invoice booking.
 Complete understanding of stock taking and stock costing each month
 Help with budgeting and expense management tasks for designated accounts.
 In accordance with international accounting standards, keep track of and record
financial transactions.
Assistant Account (Umer Iqbal):
Job Description:
 Gives firms input on the market for sales forecasting.

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 Reaches out to and keeps in touch with key accounts, both present and
prospective. Organizes sales negotiations between customers and the company,
addresses customer issues, and makes product/service improvements.
 If necessary, carry out month-end accounting tasks such journal entries and
reconciliations.
 Publish management accounts at the end of each month.
 For the CFO's evaluation, present monthly, quarterly, and annual accounts.
 Coordinating regularly with the tax manager for the functioning and completion
of the sales tax
 In charge of accounts payable and receivable
 Journal entries and ERP invoice booking.
 Complete understanding of stock taking and stock costing each month
 Help with budgeting and expense management tasks for designated accounts.
 In accordance with international accounting standards, keep track of and record
financial transactions.
Manager (Mubashir Aqeel Sehrazi):
Phone Number: 0300-9582239
Job Description:
 Examine any financial irregularities.
 Keep track of pertinent expenses, examine revenues, identify budget
discrepancies, and notify management of the same.
 Management's accounting questions should be answered quickly. When
necessary, give subordinates advice
 Assist with creating budgets and managing expenses for the accounts that
have been given to you.
 Assist in auditing efforts by supplying required data and assembling required
paperwork.
 Keep track of and document financial transactions in accordance with
corporate rules and standards.
 Working knowledge of an Oracle or ERP environment
 Perform month-end accounting tasks such journal entries and reconciliations.
 Produce financial statements and reports for the Chief Financial Officer to
evaluate.
 Work with the finance team to execute the designated accounting activities on
time.
Manager (Shoail Ahmed):
Job Description:
 Examine any financial irregularities.

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  Keep track of pertinent expenses, examine revenues, identify budget
discrepancies, and notify management of the same.
 Management's accounting questions should be answered quickly. When
necessary, give subordinates advice
 Assist with creating budgets and managing expenses for the accounts that
have been given to you.
 Assist in auditing efforts by supplying required data and assembling required
paperwork.
 Keep track of and document financial transactions in accordance with
corporate rules and standards.
 Working knowledge of an Oracle or ERP environment
 Perform month-end accounting tasks such journal entries and reconciliations.
 Produce financial statements and reports for the Chief Financial Officer to
evaluate.
 Work with the finance team to execute the designated accounting activities on
time.

2.4 Functions/operations of the Account department:

 Provides businesses with reliable sources of accounting data that you may use
to make decisions.
 They also ensure that the workflow is competent.
 When you choose our services, they will offer a high return on assets and a
significant cost savings.
 Create and keep up with all of the company's financial statements.
 Make sure that only the company's top management has access to all of its
financial data.
 To gather data from the personnel department on the employees' pay and
hours worked in order to generate the salary sheet, pay slip, etc.
 With the guidance and endorsement of the senior management, make sure that
the workers' wages are paid within the legal timeframe.
 Finalization of branch and corporate accounts.
 Combining main company accounts with those of branches and subsidiaries.
 Creation of monthly, quarterly, six-monthly, and annual profit and loss
accounts:
 The accounting department prepares the payroll for the staff, pays the staff,
and writes checks for the staff. They oversee the company's accounts.
 Keep track of supplier payments and contact purchasers to follow up on late
payments. This division handles all forms of payments and cash management.

2.5 SWOT Analysis of the Account Department:

2.5.1 Strengths:

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  Friendly Working Environment.
 Hire young Staff
 Use of management system.
2.5.2 Weakness:
 Lack of awareness about employees.
 Misuse of network.
 Punctuality.
 Lack of coordination between employees
2.5.3 Opportunities:
 It has to develop a further systematic process for controlling and managing
resources.
 They can take advantages by hiring more skilled people and they should hire
young, fresh and energetic staff for their betterment
2.5.4 Threats:
 Data of finance department will be misuse because no proper software will use to
protect data.
 They do not work properly anytime the whole staff will be fired.

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Chapter 03: Learning as an Internee

3.1 Job description as internee:

 I started working in the Account department at Saad Textile Mill. First of all
my task is to entering of debits and credits in excel sheet manually. Then after
few days I enter invoices issues to customer according to data given by the
company in excel sheet.
 Then my next task is maintain and balancing all data provided by the company
in excel sheet.
 At the end of the month I enter all of these data in SAP software.

3.2 Profile of the immediate job supervisor:

Manager (Mubashir Aqeel Sehrazi):
Phone Number: 0300-9582239
Job Description:
 Examine any financial irregularities.
 Keep track of pertinent expenses, examine revenues, identify budget
discrepancies, and notify management of the same.
 Management's accounting questions should be answered quickly. When
necessary, give subordinates advice
 Assist with creating budgets and managing expenses for the accounts that
have been given to you.
 Assist in auditing efforts by supplying required data and assembling required
paperwork.
 Keep track of and document financial transactions in accordance with
corporate rules and standards.
 Working knowledge of an Oracle or ERP environment
 Perform month-end accounting tasks such journal entries and reconciliations.
 Produce financial statements and reports for the Chief Financial Officer to
evaluate.
 Work with the finance team to execute the designated accounting activities on
time.

3.3 Details of learning activities:

3.3.1 Week 01:
 My supervisor told me how to enter debits and credits entries in excel sheet
manually.

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 Then I enter these entries in excel sheet.
 Then my supervisor reviews my entries and pointed out my errors then I reenter
those entries which were wrong.
 Then supervisor told me how to maintain and balance all of data. Then I balance
these data according to precautions giving by my supervisor.
 When the entries are clear with no errors I printed out these entries in hardcopy
and give these copy to Account manager for signature to verify the document and
after the signature I give back to my supervisor for his signature and put
document in the file for record.
 Sunday off

3.3.2 Week 02:

 My supervisor told me how to enter debits and credits entries in excel sheet
manually.
 Then I enter these entries in excel sheet.
 Then my supervisor reviews my entries and pointed out my errors then I reenter
those entries which were wrong.
 Then supervisor told me how to maintain and balance all of data. Then I balance
these data according to precautions giving by my supervisor.
 When the entries are clear with no errors I printed out these entries in hardcopy
and give it to Account manager for signature to verify the document and after the
signature I give back to my supervisor for his signature and put document in the
file for record.
 Sunday off

3.3.3 Week 03:

 My supervisor told me how to enter debits and credits entries in excel sheet
manually.
 Then I enter these entries in excel sheet.
 Then my supervisor reviews my entries and pointed out my errors then I reenter
those entries which were wrong.
 Then supervisor told me how to maintain and balance all of data. Then I balance
these data according to precautions giving by my supervisor.
 When the entries are clear with no errors I printed out these entries in hardcopy
and give it to Account manager for signature to verify the document and after the
signature I give back to my supervisor for his signature and put document in the
file for record.
 Sunday off.

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3.3.4 Week 04:
 Supervisor told me that how we make invoices for customer and give me task for
make invoices for customer to pay their pending payments.
 Then I make all invoices step by step according to supervisor and that debit and
credits entries which I enter previously.
 Then I make invoices for customer and take print out for verification. Our account
manager verifies these invoices.
 Then I give that invoices to our customer for payments through different method
(eg. Courier, digital platform etc.)
 Sunday off.
3.3.5 Week 05:
 Supervisor told me how to run software step by step.
 First he tell me about the function of SAP
 The function of SAP is to enables sales to submit client orders, purchasing to
purchase things from suppliers, production staff to make goods, warehousing staff
to manage inventories, and finance to maintain financial records.
 Monitor projects automatically Flexible and multidimensional reporting
 Uniformity of business procedures
 Facilitate planning, scheduling, tracking, and management so you have more time
to complete work that adds value.
 Being able to define work responsibilities and their authorizations clearly
 Enabling e-commerce integration
 Savings on administrative expenses like stationery and file storage, etc.
 Sunday off
3.3.6 Week 06:
 Then I submit client order what they want to purchase through this software.
 Then I enter what we purchase this month from suppliers.
 Then I make financial record for profit and loss prospectus.
 These are the work that supervisor told me to do according to manager allows me
to do at my whole internship criteria.
 Sunday off.

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Chapter 04: Discussion, Conclusion and Recommendations
4.1 Critical Analysis
4.1.1 Mission:
Our mission is to satisfy our customers with top quality products at competitive market
rates.
 Production of fabrics in accordance with consumer and market need.
 Constantly balancing, modernizing, and replacing plant and machinery to keep up
with the continually evolving technologies.
 Boosting profitability through increased effectiveness and cost management
 Mills employees' improvement is a quality policy.
 Maintaining a clean environment, strengthening the national economy, and acting
as a responsible corporate citizen.
4.1.2 Vision:
To pursue excellence via teamwork, commitments, integrity, and honesty.

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4.1.3 Financial analysis:

2021 2020 2019 2018 2017 2016

--- (Rupees in thousand) ---

Sales 6,927,057 4,315,237 6,105,230 5,464,278 4,511,169 3,692,132

Gross Profit 729,399 322,054 525,898 267,586 242,998 184,755

Profit/(Loss) before taxation 438,760 62,568 188,593 101,183 64,031 21,632

Provision for tax (133,106) (16,966) (57,867) (28,984) (29,316) (34,989)

Profit/(Loss) after taxation 305,654 45,602 130,726 72,200 34,715 (13,357)

Total Assets 4,648,956 4,011,775 3,659,893 3,430,522 2,908,801 2,630,358

Current liabilities 1,169,234 968,118 836,690 969,147 764,960 591,876

3,479,722 3,043,657 2,823,203 2,461,375 2,143,841 2,038,482

Represented By:

Equity & Surplus 2,790,450 2,347,849 2,223,856 2,113,308 1,752,012 1,714,359

Long Term Loans & leases 267,150 336,280 323,871 58,036 98,777 -

Deferred Liabilities 422,123 359,528 275,476 290,030 293,053 324,123

3,479,722 3,043,657 2,823,203 2,461,375 2,143,841 2,038,482

Fig 4.1.3.1

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 Annual Report 2021

STATEMENT OF FINANCIAL POSITION

2021 2020

EQUITY AND LIABILITIES Share Not Rupees Rupees

e 400,000,000
Capital and Reserves

Authorized share capital:

40,000,000 (2020: 40,000,000) ordinary shares of
Rs. 10 each
400,000,000
Issued, subscribed and paid up capital
Reserves 179,713,720
Surplus on revaluation of property, plant and equipment 4 1,730,237,552
880,498,720 179,713,720
5 1,396,311,882
6 2,790,449,992 771,823,230

Non-Current Liabilities

Long term financing 2,347,848,832

Staff retirement benefits 267,149,542 336,279,986
Deferred liabilities 7 124,170,679 129,666,668
8 297,952,006 229,861,571
9 689,272,227 695,808,225
Current Liabilities 427,583,956
146,294
Trade and other payables 199,348
Unclaimed dividends 470,573,111 21,868,525
Unpaid dividends 10 146,294 39,580,734
Accrued mark up 199,348 414,775,823
Current portion of non-current liabilities 19,911,125 63,963,453
Short term borrowings 227,951,670 968,118,133
Provision for taxation 11 350,862,555
12 99,590,151 -
13
1,169,234,254 4,011,775,190
Contingencies and Commitments
-
14
4,648,956,473

Fig 4.1.3.2

4.2 Recommendation to the department

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  Currently, only production employees have access to bonuses; however, head
office employees should also have access to these incentives.
 Special rewards should be given to the head of the company on Eid and other
noteworthy occasions.
 Although the mill provides medical services, management should also have
access to them.
 They provide transportation facilities to only female employees; I believe that
male employees should also have access to convenient transportation. Different
training courses should be organized in order to uplift and improve the quality of
work for employees. Workers will find it easier and there will be less time wasted
as a result.
 Workload overload is another issue that needs to be appropriately managed if
employees are to remain motivated.
 Employees who labor after hours should receive additional compensation.

4.3 Conclusion
Saad Textile Mills is one of Pakistan's top organizations. The decentralized decision-
making environment, management style, and methodology are very exceptional. This
study primarily aims to pinpoint the areas that require improvement.
The "Information" is the secret to corporate success in this technological era. This implies
that the businessman who has the appropriate information at the right moment will be
successful. The Information Sharing Process should definitely be enhanced, as a result of
this remark.
The overall research shows that the company's development has mostly been made
possible by the commitment of its personnel.
The efficiency of its management, their readiness to seize chances and meet the
challenges of a shifting economic landscape—all of this helps to significantly improve
and strengthen the company's position. This is highly commendable for the dedication
and diligence of all the company's personnel.

References

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The following are the links from where I collected all of the data:
https://saadtextile.com/
https://saadtextile.com/products/

Annexures and Appendices

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Plagiarism report signed by the academic supervisor

Plagiarism Ratio:

Supervisor Name: Mr. Yousaf Khan.

Signature

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