arian textile 2014 rimsha
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Ahmad fine subsidaryTRANSCRIPT
Arain Textile Mills Ltd.
Internship Report
1. EXECUTIVE SUMMARY
This report is based on the activities performed during the internship at ARAIN Textile Mills Limited. Internship provided practical knowledge of working in professional environment. This learning experience is described in detail n the various sections of this report.
In the beginning , there is some detail about the company. The history and present status of the company is explained. The organization structure and the details of its management along with its location are also discussed. I have also discussed the yarn manufacturing procedure and the important departments of the company. I have discussed some business operations and some strategies as well.
Then I collected information about the activities that I performed during the internship. I worked as an internee mainly in Finance & Accounts department. However, I also spent some time in Purchase section to gather some information about their working.
1.2IntroductionCOMPANY Arain Textile Mills started its production in 1988, by producing"Pelican Silver"brand. Following are the production facilities available in this unit.
The group is managing the following companies:
Company NameLine of BusinessStatus
Rahim Baksh Textile Mills LimitedTextile (Spinning)Public Limited Company
Rahim Baksh Industries (Pvt.) LimitedTextile (Spinning & Weaving)Private Limited Company
Suleman Fabrics Ltd,Textile (Spinning Private Limited Company
1.3
Arain Textile Mills Limited Arain Textile Mills Limited, one of the group companies of the Rahim Baksh Group, is a Textile Manufacturing unit established as on 24th August, 1946 and engaged in manufacturing of yarns of various Ne Counts. The company has authorized capital of Rs. 411,000,000 as on September 30th 2012.During year 2009 to 2010 the annual production capacity of the company was 34.813 million Kgs converted into 20 Ne Count based on 111,136 spindles. Currently the number of spindles installed has been increased to over 175,000 spindles.
A summary of the companys production record for spinning section for the past three years is given under:Year ended 30th September201120122013
No. of spindles installed59,20079,864177,448
Average no. of spindles worked47,08564,195155,330
Capacity at 20 count(Kgs.)17,778,00022,841,00248,669,115
No. of shifts worked1,0921,0401,095
Actual production converted at 20 count14,652,68018,703,37847,394,446
Capacity Utilization82.00%82.00%97.38%
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. 3.226 Billion which is expected to cross 5.00 Billion mark during the current year.
1.4
Vision
To transform the company into a modern and dynamic yarn, cloth and processed cloth and finished product manufacturing company with highly professionals and fully equipped to play a meaningful role on sustain able basis in the economy of Pakistan.
To transform the company into a modern and dynamic power generating company with highly professionals and fully equipped to play a meaningful role on sustainable basis in the economy of Pakistan.
1.5
Mission
To provide quality products to customers and explore new markets to promote/expand sales of the company through good governance and foster a sound and dynamic team, so as to achieve optimum prices of products of the company for sustainable and equitable growth and prosperity of the company.1.6
Group Profile
Arain Textile Mills Ltd
Head Office
61- Abdali Road Multan - Punjab Pakistan.
Phone No.0092-61-111-545-456
Fax No.0092-61-511767
Lahore Office
78/9 Arif Jan Road, Lahore Cantt. Pakistan.
Phone No: 0092-42-111-556-456
Fax No0092-42-6650571:
Karachi Office
1,2 Kaya Market,
Moligi Street, Kharaadar, Karachi.Pakistan.
Phone No: 0092-21-111-555-456
Fax No: 0092-21-2446967
Arain Textile Mills Ltd. started its production in 1985 and its brand "whale", became famous in a very short span of time. Following are the production facilities available in this unit.
1.7
Certificates
Following awards are achieved :
AOQC Moody International, accredited by TGA/DAR of Germany, has granted Rahimbaksh Group of Companies ISO-9002 Certificate in 1998-99 void registration # 990548,990549,990450,9904551. Currently all our shipments are being executed based on ISO-9002 requirements.
Arain Mills Ltd. Certificate No: 9904551
Arain Textile Mills Certificate No: 9904549
Arain Fibres Ltd. Certificate No: 9904550
Rahimbaksh Textile Mills Certificate No: 02192
Suleman Spinning Mills Ltd. Certificate No: 9904548
1.8
Management
Chief Executive
Mr. Muneer Ahmed
Director Operation
Mr. Rasheed Ahmed
Director - Export
Mr. Abdul Waheed
Director - Marketing
Mr. Tanveer Ahmed
Director
Mr. Naveed Ahmed
Director
Mr. Muhammad Asim Majeed
Director
Mr. Qaisar Shabbir
Director
Mr. Waseem Ahmed
Auditors
Ch. Hameed & Company
Charted Accountants
Bankers
Habib Bank Ltd.
Metro Politan Bank Ltd.
Muslim Commercial Bank Ltd.
Bank Al-Falah Ltd.
Head Office
61-Abdali Road Multan
Punjab Pakistan.
The group has been managed by professionally qualified staff in the finance, marketing, export, production, technical, services and legal fields. The experienced management has made smooth working and profitable operations of the group a hallmark in the field of management sciences.
1.9LEGAL FORMATION & STRUCTURE
Arain Groups structure is a hybrid of divisional and functional structures; divisions are based on two products Yarn (Spinning Facility) and Grey Fabric (Weaving Facility).
Memberships
(Lahore Chamber of Commerce Industries
(APTMA (All PAKISTAN TEXTILE MILLS ASSOCIATION).
2.0 VARIOUS Departments Marketing Department
Finance Department
H. R Department
Production
Quality Assurance
P.P.C Department
3.0Major FUNCtional Areas WHERE Internship Carried Out
3.1
Human Resource DepartmentThe H.R Department is the key strength of any organization in motivating employees, managing HRMIS system, dealing external affairs, handling with each departments performance, making promotions etc..so my major area was Human Resource Department.Vehicle documentationAfter my manual completion I have been given the chance to use their system and they assigned me a task to enter the record of employees who are using vehicles of ARAIN TEXTILE.
And it was oracle based program in which the software was already installed of H.R related activities. This was H.R.I.S, it included
Appraisals
Transportation
Wages
Bonuses
And I enter the data of transportation of almost 400 employees in a day. This data included
Employee I.D
Route
Stop
Vehicle Number
I did some more data entry of transportation along with some handling of documents in files and arrange the files in drawer. This work is all about the activities which we have read in our semester but there is a difference in the practical work and bookish knowledge.
3.2Employees DetailThe employees details was based on
Employee I.D
Employee Name
Father Name
Date of Joining
Date of Leaving
Presents
3.3PresentsThen I had to enter the presents in the month of April, May and June in the system and calculate in the system.
3.4Break up of SalariesThe break up of salaries was based on the basic and the allowances, there were categories of 6,000, 8000, 8100, 21000, 28000 and the basic was 55% of the gross pay and I had to calculate the settlement according to the days presents of the employees in the month.
3.5 Computer Aid:OrACLE software is installed.
3.6G.P.FundThe G.P.Fund also had to pay back to the resigned employees and thats been added by 10% of the basic in the sum of G.P.Fund and it added doubled each month. For example if the amount of G.P.Fund is 500 for the month, then it will be added 500+500. And 500 once deducted from the basic salary.
3.7DeductionsThe deductions included
Advance salary
Zakat (applied on 16,228 or above of G.P.Fund)
Advance G.P.Fund
Interest on G.P.Fund
Canteen Expense
3.8Manual CalculationIf the data is not available in the system then we had to calculate the settlement by manually.3.9Executive AccommodationExecutives are been given hostel facility with respect to the flats which included. Luxurious Bed Rooms
Attached Bath
T.V
A.C
Canteen
Mosque
Guest Room
3.10Health & Safety MeasuresEach company has its own health and safety measures according to the compliances regulated by the regulatory bodies. So, ARAIN TEXTILE also has the safety measures so they have to inspect their safety measures morning and evening and it inspects in different areas like Boarding
Yarn Godown
Linking
Dyeing
Knitting
And the things to inspect are
1. Passage
2. Fire Exits
3. House Keeping
4. Smoke Detectors
5. First Aid Box
6. Fire Hydrants
7. Control Panel
8. Fire Extinguisher
3.11Audit
The external audit team came today in the Hosiery function and they checked the whole scenario regarding to the activities been doing in ARAIN TEXTILE documentation in other departments as well as our department H.R. they have asked for the following matters to be disclose for their report, these are
Health & Safety
List of All Employees
Salary Slips (Randomly selected I.Ds from a list of employees)
Employees Personal Files (Randomly Selected from a List of Employees)
3.12
Over Time DataThe time that the employees have worked extra hours in the mill.
This need to be entered in the system for the month of May & June regarding to their:I.Ds
Shift (A,B,C,G)
Over Time Hours
Double Shift
Date
3.13Staff Pay Roll Slips
The salary slips of staff of different departments had to be executed in hard copy and that was almost of every concerned department.3.14New employees Data
ARAIN TEXTILE hires new employees from time to time and these employees have to make their personal files it includes..
Appointment Letter
I.D Card
Academic Documents
Domicile
ARAIN TEXTILE Form
So all the detail related to the employee need to be entered in the system it include:Division Code :
Department Code (Including sub departments)
Shift (A,B,C,G)
Designated Code
Employee I. D
Joining Date
Name of employee
Father Name
Card Number
Salary Break Up
Date of Birth
Status
Religion
Sex
Address
I.D Number
Over Time
G.P.Fund
Qualification Detail3.15Leave Policy
To grant different kinds of leave to its employees in order to facilitate them to attend, to their domestic and social responsibilities.
Types of LeaveThe types of leave available to employees are:1) Causal leave
2) Sick leave
3) Earned leave
4) Leave without pay
5) Maternity leave
1. Causal LeaveEvery employee will be eligible for ten days causal leave in each calendar year.1) Causal leave can be granted on pro-rata basis, proportionate to the length of service.
2) Un-availed causal leaves shall lapse automatically at the end of every calendar year.
3) Causal leave cannot be combined with any other type of leaves except sick leave.4) Causal leave can be availed for a maximum period of 3 days at one time.2. Sick Leave
Every employee will be eligible for eight days sick leave in each calendar year.
1. Sick leave will be granted on pro-rata basis, proportionate to the length of service.
2. Sick leave exceeding 2 days must be supported by a medical certificate from a registered medical practitioner.
3. Sick leave may be Accumulated up to a maximum of 16 days
3. Earned LeavesEvery employee will be eligible for earned leave as follows
Workers-14 days
Staff-15 days
1. Earned leave will be due only after completion of one years continuous service with the company from the date of joining.
2. Earned leave shell be credited to the employee account at the end of each year of service
3. It is incumbent for management staff in grade M-12 and above to avail a minimum of 15 days earned leave in a calendar year.
4. Earned leave lying to the credit of an employee will be encashed at the time of separation for the company for employee 4. Leave without payThere is no provision of leave without pay in Law. How ever extra-ordinary leave without pay may be granted at the discretion of the competent authority in special circumstances involving absence from duty.
3.16Time Office
Time office does the following activities
Keep the daily attendance of employees.
Make the settlement of the resigned employees to be further proceeded to the H.R Department.
Gives the half leaves or temporary leave for about 1 to 2 hours. 3.17Training RoomTraining room does the following activities..
It makes the training arrangements of the newly employed persons and the related department supervisor delivers the training.
It also prepares employees personal file and allot the employee number.
It makes the employee card with scanned picture.
It also finds the people who are involved in unhealthy activities in the organization.
3.18Attendance AllowanceCompletion of monthly standard working hours is a must to become eligible for full monthly salary, and attendance allowance. Only piece rate employee get attendance allowance.Arain Textile limited set criteria for attendance allowance.
3000 rupees company pay as attendance allowance. One absence =3000-500=2500
Two absence=3000-1000=2000
Three absence=3000-2000=1000
Four absence=3000-3000=0 3.2
FINANCE DEPARTMENTThe finance department is the main department which deal all the transaction related to the finance such as the current transaction of cash, future forecasting of cash, and preparing of the books of account for the daily purpose as well as for the audit purpose. So we can say that for audit purpose it is the main department.
FINANCIAL STATEMENTS INCLUDES
Balance sheet
Profit & loss account
Cash flow
Statement of equity
Notes to the financial statementTYPES OF ASSETS
Non Current Assets
Current Assets
Noncurrent assets Comprise those assets which have the future benefit more than one year. There are two types of Non Current Assets:-
Tangible Assets E.g. equipment, building.
Non Tangible Assets E.g. good will, patient, trade mark etc..
Current assets comprise those assets which have the future benefit of one year. E.g. prepaid expense, account receivable, etc
TYPES OF LIABILITIES
Current Liabilities
Non Current Liabilities
Current liabilities
Which have to pay within one year. It includes trade creditors, interest notes payable accounts payable current portion of long term liabilities.
Noncurrent liabilities Which have to pay more than one year .it includes long term financing long term deposits security deferred taxation.
PROCESS OF PURCHASES STOCK
Indent
Store
Purchaser
Purchase order
Supplier
Inward Gate passes
Store
User 3.2.1 EXPLORING THE STORE ADMINISTRATION WORKSTORE ADMINISTRATION
GENERAL STORES
RAW MATERIALS STORESFINDINGS
In Arain Textile Limited store operations controlled by Store Manager. The function of store is to issue and receive items needed by different departments. So we can subdivided these functions into following categories.
1. GENERAL STORE
3.2.2
PROCEDURE OF RECEIVING GENERAL STORE GOODS
In this regard, production department sends demands of various items to General Manager and he checks the demands that whether it is required by the production department or not. After this he signs on these demands. Then these demands are written on a duplicate book. One copy of these demands is being kept in his record and one copy is being sent to the store in charge. If demanded items are present in the store, then the store keeper issues the same.
If the demanded items are not held in the store, then the store in charge writes required items on a slip called "Indent Slip" and then this slip is presented to the General Manager, who signs the slip and send to the head office. Then head office purchases samples of demanded items and sends to the mills. At the mills, store in charge informs the production department that the required or samples of demanded items have come from head office. The section that requires these items checks these samples as to whether these are according to their requirements or not. Then, the order is given by the General Manager.
The head office sends these demanded items along with their bills and then these items are recorded by store in charge on Store Receipts Note. It is also recorded on store received ledger. From store received ledger these items are also recorded on the Bin-Card, while these Bin-Cards are attach/d with every type of item. Due to this Bin-Card it is very easy to check each item. The demanded items which are available in the local market are purchased by the Assistant Manager. While Store In charge checks all these items and then records on Store Receipt Register.
3.2.3
PROCEDURE FOR ISSUE OF GOODS
There is a book of requisition slip in every section of the production department which contains requisition slip in triplicate. If any section of production department requires anything, they have to fill requisition slip on which the signature of the head of the department is essential. Then the store keeper issues the items required after recording it in Daily Issue Register.
REPORTS OF GENERAL STORES
The following two reports are prepared by the Store In charge.
DAILY STORE ISSUE REPORT This report is maintained daily and kept in a file. In this report issuance of demanded items to every department and balance of items are given. This report is presented daily to Assistant Manager and General Manager.
Purchase Report
This report is prepared monthly. In this report the value of all items in the store is recorded at the end of every month. After preparation, report is presented to Assistant Manager who checks it and then sends to the head office.4.0 FINANCIAL ANALYSIS
The accounts of any company either a manufacturing concern, trading concern or a banking company are amongst the most easily accessible collections data concerning their performance. However, if they are to be thought of as data they should convey some genuine information about how the firm is doing. That is to say, there must be some useful meanings that can be extracted from the figures in the accounts.
Well-known technique for extracting such information from accounts is known as financial statement analysis. Financial Statements of any concern which are frequently used for financial analysis purpose are:
Balance SheetA summary of financial position on a given date is called Balance Sheet.Income Statement
A summary of firms revenues and expenses over a specified period is called income statement.
4.1
Types of Financial Analysis
Most practiced types of financial analysis include the following
Common Size Analysis (Vertical Analysis)
Index Analysis (Horizontal Analysis)
VERTICAL ANALYSIS
INCOME STATEMENT
201420132012
Sales100100100
Cost of sales87.5685.2286.92
Gross profit12.4414.7713.07
Distribution cost4.634.385.65
Administrative expenses.181.923.27
Other operating expenses.15.421.67
Other operating income.63.611.27
Profit from operation6.498.663.75
Finance cost6.396.398.15
Profit(loss)before taxation.092.27(4.40)
Provision for taxation.93.77.79
Profit(loss)after taxation(.83)1.50(5.18)
BALANCE SHEET201420132012
Assets
Non current assets
Fixed assts52.4647.1544.73
Long term investment.15.022.72
Long term security.039.04.02
Current assets
Stores, spares and tools3.333.56.42
Stock in trade17.3013.7617.60
Trade debts13.2811.578.53
Loans and advances2.943.106.21
Trade deposits.03.08.02
Other receivable2.472.782.12
Sales tax recoverable2.301.551.26
Short term investment3.3714.1411.95
Cash and bank balance2.321.54.59
Equity and liability
201420132012
Share capital and reserves
Authorized share capital14.0612.8812.11
Issued, subscribed and paid up share capital4.2254.265061
Reserves17.5624.9919.04
Non current liabilities
Redeemable capital1.53.46-
Long term financing16.8510.319.94
Deferred tax18.392.972.76
Current liabilities
Trade and other payables10.547.209.66
Accrued mark up1.341.271.25
Short term borrowing39.5540.0145.44
Current portion of long term liabilities7.037.665.83
Provision for taxation1.37.85.45
Total equity and liabilities100100100
HORIZONTAL ANALYSIS
INCOME STATEMENT
201420132012
Sales100119.0994.99
Cost of good sold100115.9194.31
Gross profit100141.4399.80
Distribution cost100112.57115.79
Administrative expenses100127.55173.31
Other operating expenses100289.341045.57
Other operating income100116.31192.39
Profit from operations100159.9854.92
Finance cost100120.00121.09
Profit before taxation1002860.66(4415.37)
Provision for taxation10098.9780.54
Profit after taxation100(215.24)592.07
Balance sheet
201420132012
Assets
Fixed assets10098.0998.97
Long term investment100122070.59
Long term security100100.9958.34
Store, spare and tools100116.81147.25
Stock in trade10086.78118.07
Trade debts10095.1274.60
Loans and advances100114.90245.35
Trade deposits100264.1595.82
Other receivables100122.6499.70
Sales tax recoverable10073.7363.94
Shore term investment100458.02411.68
Cash and bank balance10072.6729.53
Total assets100109.16116.09
Equities and liabilities
Authorized share capital100100100
Issued, subscribed and paid up share capital100109.99153.99
Reserves100155.32125.88
Non current liabilities100
Redeemable capital10033.33-
Long term financing10066.7668.45
Trade and other payables10074.62106.42
Accrued mark up100105.88111.06
Short term borrowing100110.41133.36
Current portion of long term liability100118.7796.16
Provision for taxation10068.1456.41
Total equities and liabilities100109.16116.09
4.2
RATIO ANALYSIS
Ratio analysis involves methods of calculating and interpreting financial ratios to analyze and monitor the firms performance.
CATEGORIES OF FINANCIAL RATIOS
Financial ratios can be divided for convenience into five basic categories
Liquidity
Activity
Debt
Profitability
Market
LIQUIDITY RATIOS
A firms ability to satisfy its short-term obligations as they come due is called liquidity. Liquidity refers to the solvency of the firms overall financial position the ease with which it can pay its bill. These ratios are viewed as a good indicator of cash flow problems. The two basic measures of liquidity are:
CURRENT RATIO
A measure of liquidity calculated by dividing the firms current assets by its current liabilities. It measures the firms ability to meet its short term obligations. It is expressed as follow:
`
Current assets
Current ratio =
Current liabilitiesYears201420132012
Current ratio.79.93.84
Interpretation
As our current ratio is less than 1 so it is not the favorable situation for the company.QUICK (ACID TEST) RATIOThe quick ratio measures the liquidity and is calculated by dividing the firms current assets minus inventory by its current liabilities. It is calculating as follow:
Current assets Inventory
Quick ratio =
Current liabilities
Years201420132012
Quick ratio.45.61.49
InterpretationAs quick ratio of 1.0 or greater is occasionally recommended but in 3 years data quick ratio is less than 1 its mean firm is not in better measure of overall liquidity.ACTIVITY RATIO
It measures the speed with which various accounts are converted into sales or cash inflows or outflows.
A number of ratios are available for measuring the activity of the most important current accounts which includes inventory, account receivable, and account payable.
It includes following ratios:
Inventory Turnover
Average Collection period
Average Payment period
INVENTORY TURNOVERIt commonly measures the activity, or liquidity, of a firms inventory. It is calculated as follows.
Cost of goods sold
Inventory turnover =
Inventory
Years201420132012
Inventory turnover4.865.143.80
Interpretation
Inventory turnover is meaning full when it is compared with other firm in the same industry.TOTAL ASSETS TURNOVER
It indicates the efficiency with which the firm uses its assets to generate sales. It is calculated as follows:
Sales
Total assets turnover =
Total assets
Years201420132012
Assets turnover.82.89.67
Interpretation
Higher a firms total assets turnover more efficiently its assets has been used. Company uses its assets more efficiently in year 2006 and 2007 rather than 2008.
DEBT RATIOThe debt position of a firm indicates the amount of others peoples money being used to generate profits. The more debts a firm use in relation to its total assets, the greater its financial leverage.FINANCIAL LEVERAGE
The magnification of risk and return introduced through the use of fixed cost financing, such as that debt and preferred stock.
There are two types of measuring debt ratio of a firm.
Degree of indebtedness (debt ratio)
Ability to service debts (time interest earned ratio)
DEBT RATIOIt measures the proportion of total assets financed by the firms creditors. The higher this ratio, the greater the amount of other peoples money being used to generate profits. It is calculated as follows:
Total liabilities
Debt ratio =
Total assets
TIME INTEREST EARNED RATIOIt is also called interest coverage ratio, measures the firms ability to make contractual interest payments it is calculated as follows.
Earning before interest and taxes
Time interest earned ratio =
Interest
PROFITABILITY RATIO
There are many measures of profitability. As a group, these measures enable the analyst to evaluate the firms profit s with respect to a given level of sales, a certain level of assets, or the owners investment.
It includes the following ratios Gross profit margin
Operating profit margin
Net profit margin
Earning per share
Return on total assets (ROA)
Return on equity (ROE)
GROSS PROFIT MARGINIt measures the percentage of sales dollar remaining after the firm has paid for its goods. It is calculating as follow:
Sale CGS
Gross profit margin =
Sale
Gross profit
C.G.S
=
Sales
Years201420132012
Gross profit margin12.4414.7813.07
InterpretationThe higher the gross profit margin the lower the cost of merchandize sold. Its mean in 2007 gross profit margin is greater in 2007 rather than in 2006 and 2008.NET PROFIT MARGIN
It measures the percentage of each sales dollar remaining after all costs, expenses, including interest and taxes have been deducted.
It is calculating as follow
Net profit
Net profit margin =
Sales
Years201420132012
Net profit margin(.83)1.50(5.19)
Interpretation
Higher net profit margin is preferred which is greater in 2007.
EARNINGS PER SHARE
EPS represents the number of dollars earned during the period on behalf of each outstanding share of common stock. It is calculating as follow:
Earning available for common stockholders
EPS =
No. of shares common stock outstanding
Years201420132012
Earning per share(1.29)2.78(6.34)
Interpretation
It represents the rupees amount earned on behalf of each share. Company earned much more rupees in 2007 rather than 2006 and 2008.
RETURN ON TOTAL ASSETS
It is also called the return on investment measures the overall effectiveness of management in generating profit with its available assets. The higher the firms return on total assets the better the firm is.
Earning available for common stockholders
ROA =
Total assetsYears201420132012
Return on assets(1.29)2.84(7.30)
Interpretation
Return on assets indicates that how much firm earned on each rupee of asset investment.
RETURN ON EQUITY (ROE)The return on common equity measures the return earned on common stockholders investment in the firm. It is calculating as follow.
Earning available for common stockholders
ROE =
Common stock equity
Years201420132012
Return on equity(3.12)4.58(14.06)
Interpretation
It represents that how much company earned on each rupee of common stock equity.
5.0
What I Have Learnt IN THE
ORGANIZATIONI have learned the things which I could never been able to learn at university level that I have learnt in the first step of professional life.
Punctuality
In the professional life, you got to be punctual at any step whether you are in the house or in office, because it is the demand of the working line where you must obey time, as I learned to be punctual in office but was a bit slippery in university. My sleep time, my wake up time and my task accomplishment time was all about to be punctual.
Obey Your Boss
Its been the responsibility of an employee to always obey your boss every time whether you are in angry mood or in jolly mood and same as to your boss.
Respect Every IndividualThe major success in life is to always be happy with each individual even though he is in low status, because if you are kind to every one they will remember you till death, as my behavior was so pleasant to every one, now I have had their admirance and in their good books and have a chance to get job after completion of M.Com.Hard Work
The main thing that I have learned from ARAIN TEXTILE that every individual is so hard working and committed to their work that it forced me to do the same thing. So, I tried my best to have hard work and I got good remarks from my supervisors.
6.0 Suggestions & Recommendations1. They can advertise in international magazines about their selves
2. ARAIN TEXTILE can publish its own local business magazine to promote their sales.3. Can be advertised over the internet (electronic Marketing)
4. By holding the seminars on textile industry and offer to attend the seminars to their customers
5. International business seminars in multiple countries and offer their products to already existence and new customers.
6. Make a documentary as a business story about ARAIN TEXTILE and offer it to show out through such channels which can accept this offer for example National Geographic Channel which shows such programs on different companies in the world.
7. Monthly Budget, by making monthly budgets for each department especially for the commercial department, the late shipments and late purchasing of yarn can be vanished.
8. Organize fashion shows in foreign countries as well as in local markets.
9. The Human resources & Accounts Department should be advanced with every respect not only in making salary slips but also for the other related issues to be occupied to make efficiency.
ARAIN TEXTILE
MILLS LTD
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