askari cement nizampur

8/20/2019 Askari Cement Nizampur

1/52

COMSATS

Institute Of Information Technology Wah Cantt

Internship Report

On

Askari Cement Nizampur

Group No !

Submitted To: Mr Faheem A Khan

Submitted By: FARYAL ARIF AWAN

Reg No: SP06-MBA-016

MBA 4 A (Finance)

1


2/52

Ta"le of Contents

S#No $escription %ageNo

!# Dedication &

'# Acknowledgement (

Executive Summary )

(# History *

)# Objectives +

*# Overview of Firm ,

+# Organiational Structure !

,# Finance De!artment Structure !&

-# O!erations Of Finance De!artment !(!# Functions Of Finance De!artment !)

!!# Financial "atios '!

!'# #i$uidity "atios '!

! #everage "atios '(

!(# Activity "atios '*

!)# %rofitability "atios &

!*# &ra!'ical "e!resentation &&

!+# S(O) Analysis &,!,# *nterns'i! Ex!erience (!

!-# S'ortfalls of Finance De!artment ((

'# +onclusion and "ecommendations ()

'!# "eference And Source (*

''# Annexes (*

,


3/52

$.$ICATION

* dedicated t'is work to my !arents w'o are most valuable for us

in t'is world- )eac'ers and all t'ose friends w'o 'el! me to

accom!lis' t'is task-

.


4/52

AC/NOW0.$G.M.NT

All !raises for Alla'/ 0ost eneficent/ &racious and ever

0erciful- ('o gave us t'e !ower to do t'e sig't to

observe and mind to t'ink and judge- * wis' to ex!ress

my sincere obligation and a!!reciation to my teac'ers

w'ose skillful guidance/ sincere encouragement and

devotion remain wit' me-

2


5/52

.1ecuti2e Summary

)'e interns'i! re!ort 'as been !re!ared on t'e Finance

de!artment of Army (elfare )rust 3iam!ur +ement %lant in

order to com!ly wit' t'e necessary re$uirement of +O0SA)Sfor obtaining t'e 0A Degree-

*n t'is re!ort a detailed introduction to t'e organiation 'as been

given- S!ecific consideration is given to t'e Finance

De!artment- Section wise functions of t'e de!artment 'ave

been discussed in detail-

Financial analysis 'as been !erformed using financial analysis

tec'ni$ue financial ratios and gra!'ical re!resentations of t'ese

ratios are included- Finally s'ort4falls5weaknesses 'ave been

given and recommendations and conclusions 'ave also been

given for im!rovement#

6


6/52

3istory

)'e !lant 'as been installed by Army (elfare )rust-

+onstruction of t'e %lant was started in 177.- *ts first line of t'e

ca!acity of ,888 tonnes !er day was com!lete and it started

9


7/52

!roduction in 1779- Erection5installation of second line also of

t'e ca!acity ,888 tonnes !er day was started in 177: and was

com!leted in second $uarter of ,88.- *t started commercial

reduction wit' effect from 1st jul ,88.- )'e !lant was designed

by 05s )ianjin +ement Design ; "esearc' institute/ +'ina and

was su!!lied by 05s +'ina uilding 0aterial *ndustrial

+or!oration niversity to com!lete t'e interns'i! in any organiation

for a !eriod of at least 2 weeks- )'e objective of doing interns'i!

was to ac$uire !ractical knowledge of working 5 functioning of

Finance De!artment in t'e real world- *t also 'el!s t'e student of

0A to 'ave understanding about a!!lying t'eoretical as!ects

of 0A study-

:


8/52

?


9/52

O2er2ie: of AWT Nizampur Cement %lant

Askari +ement 3iam!ur commissioned on @une .8/ 1779 is

one of t'e industry set4u! by t'e Army (elfare )rust- A() was

founded on October ,7/ 17:1 under Societies "egistration Act-

)'e !ur!ose of 'aving an organisation of t'is nature was to

e$ui! it wit' willing workers/ to generate funds to meet t'e

obligation of welfare and re'abilitation and 'el! t'e or!'ans and

widows of S'a'eeds; disabled and retired !ersons of %akistan

Army as well as t'eir de!endants-

O"


10/52

4usiness 6olume

"evenues generated from t'e sale of cement are as detailed below/

Cear "evenues 3et Sales


11/52

Organizational Structure AWTNC%

11


12/52

Organiation structure is 'ig'ly formalied- All decision !owers

lies at Directors level and distributed among t'em on t'e basis

of financial ceilings suc' as 0D financial !ower is limited to "sB

6 #ac/ D* u!to "sB, #ac and D%+ u!to "sB 1 #ac- 0anagement

style is more autocratic and little bit !artici!ative in nature-

*nformation flows downward and little !artici!ation of low4level-

Main 3ea> Office

0ain 5 Head office is located in t'e A() %laa/ )'e 0all/

"awal!indi +antt- Following de!artments are in t'e 'ead office/

• Director %roject


13/52

7actory Site

Factory management 'as been categoried in t'e following

de!artments/

• &eneral 0anager


14/52

+ement/ (a'- %roduction from bot' t'ese !lants is being

marketed by t'e combine marketing de!artment 'eaded by

Director


15/52

16

&eneral 0anager


16/52

3uman Resources of 7inance $epartment

)'e total number of em!loyees working in Finance De!artment

of A()3+% is ,.- Out of w'ic' 1? are in Head Office and 6 at

!lant site-

7inance ? Accounting Operations

Finance De!artment !erforms t'e following o!erations for t'e

organiation/

• %rovide coordination to 'ig'er management in long4term

business !lanning and formulation of financialmanagement strategies in consultation wit' t'e A()

Financial 0anagers-

• Funds 0anagement-

• %romoting cost consciousness wit'in t'e organiation

using variance analysis of budgeted versus actual

ex!enses-• 0aintenance of accounting books and !re!aration of

financial statements in accordance wit' t'e com!anys

ordinance re$uirements-

• %re!aration of various financial re!orts to t'e 'ig'er

management 'ig'lig'ting !erformance of t'e

manufacturing unit and financial !osition-

19


17/52

•

+oordinate wit' *nternal ; External Auditors-

7unctions of 7inance $epartment

Accounting System of the Organization

)'e accounting system of t'e Organiation consists of t'e

followingsB4

• Accounting at Head Office-

• Accounting at %lant Site-

Accounting in 3ea> Office

)'ere are different sections in Head Office- Eac' section is

'eaded by t'e Assistant 0anager- Section wise res!onsibilities

are as 'ereunderB4

&eneral #edger SectionB

• %re!aration/ !rocessing and !osting of journal vouc'er

and bank !ayment vouc'ers of eac' transaction-

• 0aintenance of record for all t'e @s and bank

!ayment vouc'ers-

• 0aintenance of com!uteried ledgers-

• Settlement of accounts wit' t'e site office-

• %re!aration of final accounts-

1:


18/52

+ost ; udgeting Section

• %re!aration of Annual "evenue ; +a!ital budget on t'e

basis of 'istorical data cost of !roduction re!orts and

markets demand and !rice forecasts-

• %re!aration of variance analysis re!orts-

•

Allocation of budget !rovisions on t'e !rocurement 5work order cases-

• 0*S re!orting

• 0ont'ly cost of !roduction re!ort-

Sales Accounting Section

• ee! record of orders received/ dis!atc'es and

!ayments record-

• *nteraction wit' t'e marketing de!artment for customer

su!!ort-

• "e!orts !re!aration !ertaining to Sale of +ement-

ank ; *nsurance Section

• )ransfer of funds

• "econciliation of all bank statements

• Dealing wit' banks

• Dealing wit' t'e insurance matters-

%ayment 5 %ayable Section

1?


19/52

•

0aintenance of record !ertaining to t'e contractors 5su!!liers-

• Scrutiny of !urc'ase and work order cases to c'eck

financial viability-

• %ayments to t'e su!!liers and contractors-

+om!uter Section


20/52

Store Accounting Section

• 0aintenance of Store *nventory record

• "e!orting *nventory %ositions

• 0aintenance of record for

%urc'ase orders

0aterial recei!ts

*ns!ection re!orts-

Factory Accounting Section

• 0aintenance of factory ledgers-

• De!artmental cost determination

• >nit cost determination-

• 0aterial wise consum!tion 5 !roduction re!orts-

%ayroll Section

• %re!aration of salary s'eets of officers/ workers

and daily wages em!loyees after collecting

information from t'e administration de!artment

regarding attendance/ leaves etc-

7inance System of the Organization

oard of directors a!!roves t'e annual budget/ w'ic' is

considered as a!!roval in !rinci!le for all t'e items included in

t'e budget- *t determines t'e yearly finance re$uirement of t'e

com!any- )'e com!any meets it re$uirement t'roug' t'e

,8


21/52

revenue received from t'e sale of cement and funds received

from A() Head Office-

8se of .lectronic $ata in $ecision MakingB

0ajority of em!loyees of finance de!artment are !rovided wit'

com!uter- )'ere is a dedicated com!uter !rogrammer for

Finance De!artment/ w'o develo!s and maintains following

accounting systems to facilitate t'e staff and im!rove t'e

efficiency of t'e de!artment manifold-

#edger Accounting System

Sales Accounting System-

+ost Accounting System-

%ayroll Accounting System-

All t'ese com!uteried accounting systems give t'e $uick and

timely information to t'e management- )'us use of electronic

data !lays a very effective role in decision making-

Mo"ilization of 7un>s+ustomers de!osit !ayments against t'e cement booking orders

t'roug' out %akistan in t'e nominated bank branc'es of

Askari +ommercial ank #td-

0uslim +ommercial ank #td-

Allied ank #td-

,1


22/52

All branc'es 'ave t'e standing instructions of transferring of

daily recei!ts to t'e res!ective main account of A()3+%

kee!ing "sB 188854 as balance wit' t'em- %ayments received

t'roug' cross c'e$ue are directly de!osited to t'e main account

of A()3+%- *ts t'e res!onsibility of bank section to ensure

timely bank transfers- Similarly disbursement accounts 'ave

been o!ened in t'ese banks from w'ic' com!any does

s!ending 5 make !ayments-

Sources of 7un>s

One source of funds is t'e sale of cement !roduced by t'e

com!any- A() 'ead office s

Annual budget is !re!ared in t'e lig't of marketing de!artment

forecasts about t'e demand of cement in t'e market and

forecasted !rice of cement in t'e market- )'en de!artment wise

budget was !re!ared in t'e lig't of available forecasts and

'istory data- OD a!!roves t'e budget- )'is forms t'e basis for

,,


23/52

allocation of funds to all de!artments- )'ere are two kinds of

budgets/

• +a!ital udget is !re!ared for allocation of funds for

ca!ital s!ares for cement !lant/ furniture and fixture and

ve'icles-

• "evenue udget is !re!ared for allocation of funds for t'e

raw materials and s!ares consumed in t'e !roduction!rocess-

7INANCIA0 RATIOS

"atio Analysis is an excellent met'od for determining t'e overall

financial condition of com!any- *t !uts t'e information from afinancial statement into !ers!ective/ 'el!ing to s!ot financial

!atterns t'at may t'reaten t'e 'ealt' of t'e com!any- "atios are

also very useful for making com!arisons between com!anies

relevant to t'e same industry- )'e analysis of financial

statements can !rovide reasonable insig't into a firmIs state of

affairs- ut t'e statements 'ave in'erent limitations/ w'ic'

re$uire care and !rudence in t'eir uses-

,.


24/52

0I@8I$IT9 RATIOS

Current Ratio

+urrent ration measures t'e extent of w'ic' a firm can meet its

s'ort4term obligations-

Analysis

)'e current ratio is a measure of li$uidity- *t 'el!s us to answer

t'e $uestionB *f a business 'ad to !ay off all its current liabilities

tomorrow/ would it 'ave enoug' current assets to make t'e

!ayments and avoid insolvencyJ if t'e current ratio is less t'an

1/ it is in danger of failure- *f t'e ratio is 'ig'/ !er'a!s above ,/

t'e business 'as more t'an enoug' current assets- And t'ese

sur!lus funds can be used to im!rove efficiency- *deal current

ratio for any business entity is ,B1 K just enoug' to be getting on

wit'- A()3+% is im!roving its current ratio as com!ared to

!revious year and aimed to cross t'e ideal limit of ,B1- "eason is

,2

9ear Current Assets

Current RatioCurrent 0ia"ilities

,886 188:2:,.,. 1-86

76.128668

,88912:?68,?.?

1-26 181??8?188


25/52

clearing of timely due !ayments/ w'ic' reduces current

liabilities-

@uick Ratio

9ear Current Assets In2entories

@uick RatioCurrent 0ia"ilities

,886188:2:,.,.K:81:9.?9,

8-.,76.128668

,88912:?68,?.?K11?.9:?78

1-..181??8?188

Analysis

Luick ratio measures t'e extent to w'ic' a firm can meet its

s'ort4term obligations wit'out relying u!on t'e sale of its

inventories- )'e o!timal $uick ratio is 1 or 'ig'er- A()3+%

$uick ratio is im!roving year by year/ again for t'e reason t'at

com!any is clearing its current liabilities as muc' as !ossible-

And its current assets also increased-

Net Working Capital

,6


26/52

9ear

Current Assets Current 0ia"ilities

Working Capital

,886 12:?68,?.? K 181??8?188 267/972/:.?

,889 188:2:,.,. K 76.128668 62/..1/::.

Analysis

+om!any faced difficult times in !ast year in terms of working

ca!ital availability- Cear ,889 more working ca!ital gives t'e

com!any a good signal towards 'aving good times in future-

0.6.RAG. RATIOS

$e"t to .Buity Ratio

*t s'ows t'e ratio of funds !rovided by creditors versus by

owners- A 'ig' debt to e$uity ratio could indicate t'at t'e

com!any may be over4leveraged/ and s'ould look for ways to

reduce its debt-

Debt to E$uity "atio M )otal Debts 5 )otal E$uity

,9


27/52

9ear

Total $e"ts Total .Buity

Total $e"ts Total

.Buity

,886 1,??911897 5 1:?77,71:1 #+!

,889 7.9:77212 5 ,1712?916. #('

Analysis

+om!any is facing 'eavy net losses in !ast years due to

financial ex!enses/ low cement sales and 'ig' in!ut costs- *norder to give cover to t'ese losses debts are taken to kee! t'e

com!any o!erational and to avoid insolvency- )ime +om!any is

clearing its debt and debt to e$uity ratio is decreasing year to

year-

$e"t to Total Assets Ratio

*t s'ows t'e ratio of total funds t'at are !rovided by creditors-

Debt to )otal Assets "atio M )otal Debts 5 )otal Assets

9ear Total $e"ts Total Assets Total $e"ts Total

Assets Ratio

,886 1/,??/911/897 5 18/:,,/97:/1:.

#!'

,:


28/52

,889

7.9/:77/212 5 11/8,:/:.1/:9.

#,(

Analysis

*n Cear ,886 debt are 1,N of total assets now in ,889 debt to

asset ratio is ?-2N w'ic' s'ows t'e decreased of .-9N as

com!ared to !revious year ratio due to yearly !ayment of debt to

borrower-

ACTI6IT9 RATIOS

Total Assets Turno2er Ratio

9ear

Sales Total Assets

Turno2er RatioTotal Assets

,886

,/98?/178/86,8-,2

18/:,,/97:/1:.

,?


29/52

,889./999/?28/:72

8-..

11/8,:/:.1/:9.

Analysis

)'is ratio tells us w'et'er a firm is generating a sufficient volume

of business for t'e sie of its asset investment- )'e 'ig'er t'e

ratio/ t'e more efficiently t'e +om!any is utiliing its assets to

generate sales- +om!anys asset turnover ratio s'ows increased

as com!ared to !revious year ,886 ratio because sales are

increased due to increasing demand in t'e market- And com!any

used efficiently its asset to generate sales-

Recei2a"les Turno2er Ratio

9ear

Net Sales Recei2a"le Turno2er

RatioAccounts Recei2a"les

,886

,98?17886,

-*#(!

,7


30/52

,:86,869

,889 .999?28:72 !()#,!

,612?818

Analysis

)'is number indicates 'ow $uickly customers are !aying your

business- )'e greater t'e number of times receivables turn over

during t'e year/ t'e s'orter t'e time between sales and cas'

collection- )'is 'ig' ratio is because of cement is mostly sold

against +as' 5 Advance !ayment-

Net 7i1e> Asset Turno2er Ratio

9ear

Sales Net 7i1e> Asset

Turno2er RatioNet 7i1e> Assets

,886

,98?17886,8-,9

7:16,,2?68

,889.999?28:72

8-.?

.8


31/52

7627,,?7,6

Analysis

)'e net fixed turnover ratio reflects t'e firms utiliation of fixed

assets- *n ,886 net fixed asset turnover ratio is ,9N now in

current year it is .?N- 1,N increase in net fixed asset turnover

indicates t'at com!any utilies its fixed asset well as com!ared

to !revious year-

.Buity Turno2er Ratio

.1


32/52

9ear

Sales

.Buity Turno2er Ratio

Total .Buity

,886,/98?/178/86,

!#()1/:?7/7,7/1:1

,889./999/?28/:72

!#*+,/171/2?9/16.

Analysis

*t is useful to examine t'e turnover for alternative ca!ital

com!onents- )'e difference between t'is ratio and total asset

turnover is t'at it excludes current liabilities and long term debt-

E$uity turnover ratio also increased because sales of current

!eriod increased w'ic' directly affect t'e e$uity turnover ratio-

%RO7ITA4I0IT9 RATIOS

Net %rofit Margin

*t measures AfterKtax !rofits !er "u!ee of sales

3et %rofit 0argin M Earning After *nterest ; )axes 5 3et Sale

.,


33/52

9ear

.AIT

3et %rofit 0argin

Net Sales

,8862,976,22,

#!*,98?17886,

,889.89?1612.

#,.999?28:72

Analysis=D

Alt'oug' current year sales is 'ig'er t'an !revious year but net

!rofit margin after tax is low as com!ared to ,886- "eason of

..


34/52

t'is decreased is taxation/ 'ig' administrative/ selling and

distribution ex!enses-

Gross %rofit Margin Ratio

*t measures !rofitability wit'out concern for taxes and interest-

)'e gross !rofit margin measures t'e total margin available to

cover o!erating ex!enses and yield a !rofit-

&ross %rofit 0argin M Earning before *nterest ; )axes 5 3et

Sales

9ear

G%

Gross %rofit MarginNet Sales

,886::9?,11.:

#&,98?17886,

,88919,,929268

#((.999?28:72

.2


35/52

Analysis

&ross !rofit ratio is increased to -22 because sales of current

year are 'ig'er due to t'e growt' of market and t'is indicates

t'at marketing de!artment is working good to ca!ture t'e

!otential of market-

Operating %rofit Margin Ratio

O!erating %rofit marginM O!erating %rofit 5 3et sales

9ear

Operating %rofit Operating %rofit

marginNet Sales

,886 :,?.28927 #',,98?17886,

,8899:?796769

#!-.999?28:72

Analysis

.6


36/52

)'e variability of O!erating !rofit margin over a time is a !rime

indicator of t'e business risk for a firm- O!erating !rofit margin

ratio is low as com!ared to !revious year alt'oug' sales are

'ig'er but wit' t'is o!erating ex!ense are increased as result

t'ese ex!enses decreased t'e o!erating !rofit so t'is ratio is

declined-

.9


37/52

Graphical Representation of 7inancial Ratios

Current Ratio=D

@uick Ratio=D

.:


38/52

$e"t to .Buity Ratio=D

$e"t to Total Asset Ratio=D

.?


39/52

Total Asset Turno2er Ratio=D

Net 7i1e> Asset Turno2er Ratio=D

.7


40/52

.Buity Turno2er Ratio=D

Net profit Margin Ratio=D

28


41/52

Gross %rofit Margin Ratio=D

21


42/52

Operating %rofit Margin Ratio=D

SWOT Analysis

INTRO$8CTION

During t'e interns'i! in Askari +ement */ 'ave found out

some !roblems and weaknesses in t'e firm/ w'ic' can be

solved wit' little efforts w'ic' will im!rove t'e efficiency of t'e

firm and will enable it to ac'ieve its targets-

2,


43/52

SWOT consists of four :or>s :hich are stan>s for

1- Strengt's-

,- (eaknesses-

.- O!!ortunities-

2- )'reats-

)'roug' t'e S(O) analysis tec'ni$ue one can analye t'e

!resent condition and !erformance of a given organiation and

can !re!ares !lans for t'e future- *n t'e S(O) analysis of

A()3+% t'e following !oints can be discussed-

Strengths

Strong rand 3ame-

Ado!tion of new tec'nological !lan-

Ex!erienced >!!er level management-

&ood distribution +'annel-

2.


44/52

Luality %roduct-

Weaknesses

#ack of @ob satisfaction-

#ack of Human "esource de!artment functions-

#ack of skilled labor-

0anagement *ssues

Absence of !ure com!uteried work

Opportunities

*ncreasing demand of cement in market-

+oal as substitute of furnace oil-

22


45/52

Ex!ort growt' in cement industry-

&ood geogra!'ical !osition-

>!ward trend of !rices-

-

Threats

Entrance of !otential com!etitors-

#ow !rice substitute in market-

#ow !rofit due to 'ig'er +&S

*ncrease in furnace oil !rices

Internship .1perience

3o: I got InternshipE

26


46/52

For interns'i! * a!!lied in different organiation w'en * a!!ly in

Askari +ement Head Office in "awal!indi * 'ave a reference of

my uncle/ w'o is marketing manager in Askari +ement- So wit'

'is reference * got interns'i! in Askari +ement 3iam!ur #

0earning=D

During my interns'i! * learned a lot 'ow to work !ractically in

real world and as a result my !ractical knowledge about working

and functioning of finance de!artment is increased and it 'el!s

me to understand t'eoretical as!ects of study# Every one in

finance de!artment 'el!s me a lot and !rovides guidance at

every ste!-

Working in 7inance $epartment=D

* work in following sections of finance de!artment-

• &eneral #edger Section

• +ost and udgeting Section

• Sales Accounting Section

• ank And *nsurance Section

• %ayment and %ayable Section

• +as'ier

General 0e>ger Section=D

29


47/52

*n general ledger section * 'ave !osted journal vouc'ers geting Section=D

*n t'is section * learn 'ow to make budget and 'ow to allocate

budget !rovision on work order cases- At t'e end of mont' make

cost of !roduction re!ort-

Sales Accounting Section

*n t'is section * s!ent four days and learn 'ow to !re!are record

of orders receive/ dis!atc'es and !ayments record-

4ank ? Insurance Section*n t'is section * learn 'ow to deal wit' banks and 'ow to

reconcile bank statements-

%ayment %aya"le Section

*n t'is section * learn 'ow to !re!are records of su!!liers and

contractor- And !rocedure t'roug' w'ic' !ayment made to

su!!liers and contractor-Cashier

Here * learn 'ow to maintain cas' book- And made c'e$ue for

salary and allowances

2:


48/52

Timing=D

)iming during interns'i! !eriod

7 am start of work

18-.8 )ea )ime

1 !m to , !m #aunc' ; %rayer break

2 !m End of work

Friday )iming

7am to 1, !m

Outcomes of Internship

* understand 'ow to manage !ractical life-

&ain ability to make decisions-

How to manage 'imself wit' organiation culture

*ncrease knowledge and skills-

How to deal wit' !eo!les in working environment-

Every one !rovides me guidance-

*ts make me !unctual and 'ard worker-

2?


49/52

ShortD7alls Weaknesses of the 7inance $epartment

Debt and subse$uent funds were borrowed at 'ig' interest

rates i-e- 1? K ,,N !er annum-

#ow ex!orts due to 'ig' !roduction cost as com!are to ot'er

cement !roducing countries-

(orkload is not !ro!erly distributed among t'e staff members

of Finance De!artment- *t causes fre$uent late sittings-

*ns!ite of t'e fact t'at all t'e de!artments of t'e organiation

are e$ui!!ed wit' com!uters/ !lenty of !a!er work flows

t'roug'out t'e organiation-

%ace of work remains slow due to certain !rocedural 'urdles-

@ob satisfaction and job security does not exist/ due to

stressful working environment and continuous t'reat of losing

job from t'e 'ig'er management-

Fluctuation in A() management lowers t'e interest 5 trust of

A()3+% em!loyees to co!e wit' t'e financial !roblems-

27


50/52

Recommen>ations an> Conclusion for Impro2ement

Efforts s'ould be made to re!lace t'e loans borrowed on 'ig'

interest rates wit' t'e loans now available on t'e low mark4

u!-

+onversion of fuel system from furnace oil to coal firing

system s'ould be done on to! most !riority basis to save t'e

funds being s!ent on t'e !urc'ase of costly furnace oil-

&overnment s'ould be vigorously !ursued for grant of certain

tax exem!tions in order to fetc' ex!ort orders/ w'ic' in turn

not only give boost to t'e sick cement industry but also earn

foreign exc'ange revenues-

*n order to distribute workload !ro!erly among t'e staff

members/ suitable scientific researc' met'od s'ould be

a!!lied/ so t'at efficiency of t'e de!artment may increase-

+om!uters s'ould be utilied at t'ere best to minimie t'e!a!er work formalities and to s!eed4u! t'e work-

%olicies regarding !romotion and continuity of job s'ould be

matc'ed wit' t'e cement sector in order to offer job

satisfaction and sense of security among t'e em!loyees-

68


51/52

Autonomy in !olicy making and long4term !lanning s'ould begiven to A()3+% management to avoid t'e im!act of

c'ange 5 fluctuation in to! management of A()-

References an> Sources 8se>

*n t'e !re!aration of t'is *nterns'i! "e!ort 'el! 'as been

obtained from t'e followingsB4

-

Annual Financial statements of A()3+%-

(eb site of Army (elfare )rust

Su!ervision of different instructors

Anne1es

)'e following Annexes 'ave been enclosed wit' t'e re!ortB4

Anne1ure F $escription

61


52/52

i-

+o!y of *nterns'i! +ertificate from &0

askari cement nizampur

Documents