ACKNOWLEDGEMENT

All glory to Almighty Allah the eternal of this universe. All financial and physical worships are only for Allah and his Holy Prophet

Muhammad (Peace Be Upon Him), whose perfect life is a magnificent template for us. I owe my heart-felt thanks to Allah Almighty who enables me to complete such responsibility with due care and caution. I have completed this task with the help of my Allah, my parents & my teachers whose sincere efforts helped and guided me in completion of my internship and this report. First of all; I thank my worthy teachers who were the main source of enlightenment of my mind and the development of natural potentials. I would like to express my gratitude to my teacher Sir.Usman Ghauri for ,motivation and encouragement without which this report would not be done. At the end I also thankful to the whole staff and management of OutFitters for their cooperation and for providing a very friendly environment to gain practical knowledge

Internship Report on: Submitted to: Sir Usman Ghauri Submitted by: Roll #: Course: MBA (EURO campus)

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Table of Content
CONTENTS
Preface Introduction Vision statement Mission statement Objectives of outfitters garments Product line of outfitters Organizational and reporting line of outfitters Network of outlets of outfitters Departments Nature of the jobs performed Skills and ideas learnt Implementation of subject SWOT analysis Major competitors Person I admired and his qualities Conclusion and suggestion

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PREFACE

Internship, a practical training, is to fulfill the requisite requirement towards the completion of Bachelors and Masters study.In this connection, every student is required to undergo an internship of either six or eight weeks in any business organization. We present the report with the blessings of Almighty
Allah, we owe gratitude to the following people without whose help and cooperation this project would not have been possible; Miss. Saba Rana our instructor for providing us with such a learning experience and guiding us throughout the project, Mr. Zahid Anwar, Mr. Syed Ali Raza, Mr. Ali Hameed Chaudhry and Mr. Abdul Hameed Chaudhry for providing us with critical and crucial information regarding the project.

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INTRODUCTION
1 HISTORY
Plastic is a vast topic to discus on and as its demand is increasing in the consumer market as well as in the manufacturing market both directly and indirectly, it is a product worth understanding. Oil and natural gas are the major raw materials used to manufacture plastics. The plastics production process begins by heating components of crude oil or natural gas in a "cracking process." This process results in the conversion of these components into hydrocarbon monomers such as ethylene and propylene. These monomers are then chemically bonded into chains called polymers. The different combinations of monomers yield plastics with a wide range of properties and characteristics. Even though the basic makeup of many plastics is carbon and hydrogen, other elements can also be involved. Oxygen, chlorine, fluorine and nitrogen are also found in the molecular makeup of many plastics. Polyvinyl chloride (PVC) contains chlorine. Nylon contains nitrogen. Teflon contains fluorine. Polyester and polycarbonates contain oxygen. Plastics are divided into two distinct groups: thermoplastics and thermo sets. The majority of plastics are thermoplastic, meaning that once the plastic is formed it can be heated and reformed repeatedly. This property allows for easy processing and facilitates recycling. The other group, the thermo sets, can not be remelted. Once these plastics are formed, reheating will cause the material to decompose rather than melt.

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1:IDENTIFICATION & DESCRIPTOIN OF THE COMPANY

There are approximately about 70,367 types of plastic materials available globally. In Pakistan the production of plastic commodities is only around .05 % of 70,367 plastic items, out of which HDPE (High Density Poly Ethylene), LDPE (Low Density Poly Ethylene), PP (Poly Propylene), PVC (Polyvinyl Chloride), and PET (Polyethylene Terephthalate) are the prominent ones. These materials are individually rated in accordance to there categorization of petroleum wastes. At the moment in international market PET, HDPE and PVC are considered economically viable for recycling as they are not harmful unlike PP which is harmful for recycling because of some ethical concerns. The rating for PET is , for HDPE is , for PVC is

, for LDPE is and for PP is . These ratings belong to SPI Resin Identification Coding System developed by Society of the Plastics Industry in 1988. Plastics are materials with a seemingly limitless range of characteristics and they have many inherent properties each plastic has very distinct characteristics, but most plastics have the following general attributes. Plastics can be very resistant to chemicals. Consider all the cleaning fluids in our homes that are packaged in plastic. The warning labels describing what happens when the chemical comes into contact with skin or eyes or is ingested, emphasizes the chemical resistance of these materials. Plastics can be both thermal and electrical insulators. Consider all the electrical appliances, cords, outlets and wiring that are made or covered with plastics. Thermal resistance is evident in the kitchen with plastic pot and pan handles, coffee pot handles, the foam core of refrigerators and freezers, insulated cups, coolers and microwave cookware. The thermal underwear that many skiers wear is made of polypropylene and the fiber fill in many winter jackets is acrylic. Generally, plastics are very light in weight with varying degrees of strength. Consider the range of applications, from toys to the frame structure of space stations, to Kevlar, which is used in bullet proof vests. Plastics can be moulded into bottles or components of cars, such as dashboards and fenders. Some plastics stretch and are very flexible. Other plastics, such as polystyrene and polyurethane, can be foamed.

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Activity:
Now that you have learned some information about plastic it would be easier to understand about the activity that we have considered for investing in is related to High Density Poly Ethylene (HDPE). It is made from petroleum, it takes 1.75 kgs of petroleum (in terms of energy and raw materials) to make 1 kg of HDPE. High Density Poly Ethylene (HDPE) has many applications such as, containers, laundry detergent bottles, milk jugs, fuel tanks for vehicles, plastic bags, containment of certain chemicals (drums), natural gas distribution system, water pipes for domestic water supply, shampoo bottles, etc. The interesting part of this activity is that these items are created from HDPE and can be recycled and reprocessed for a certain amount of time, so this means the availability of raw material is on large scale.

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VISION
Our vision serves as the framework for our roadmap and guides every aspect of our business by describing what we need to accomplish in order to continue achieving sustainable, quality growth

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MISSION STATEMENT
To refresh the world To inspire moments of optimism and happiness To create value and make a difference..

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1.2 OBJECTIVES

Following are some main objectives of.

To arrange timely production and maintain quality goods for entire

satisfaction of the customers.

To make ENF, a first choice for the customers by improving its quality

and customer services excellence. To establish and develop excellent working environment in the departments. Incline a sense of civic responsibility in the staff members.
To provide the employees a friendly atmosphere to increase their

commitment and loyalty towards the organization To procure the company to be registered or recognized also in any foreign country or any place for the promotion of any business of the company.

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SECTOR ANALYSIS
In this part of the report we will be analysing the plastic industry as a whole. At present plastics of various kinds are very important engineering materials and are used for numerous structural parts in many lines of manufacturing. Export of plastic material increased from Rs. 6.9 billion in 2003-2004 to Rs. 9.0 billion in 2004-2005 thus showing an increase of 30 %. This progress has been made possible due to simplified tax policy on domestic production and decrease in import tariff on the raw material used in plastic manufacturing industry. Plastic industry is split in two sectors i.e. organized and unorganized. Organized sector produces quality products, which are of international standard and are quite expensive. Unorganized sector is capable of producing low quality and relatively cheap products. During the last decade the unorganized sector has grown much more than the organized sector. At present, there are about 600-700 medium sized and over 5,500 small scale plastic processing units in Faisalabad, Hattar, Gadoon and Multan. Production of plastic materials increased from Rs. 1.30 billion in 19861987 to Rs. 21 billion in 2004-2005. The plastic industry in Pakistan is growing at an average annual rate of 15 percent. The industry is contributing more than Rs. 7.5 billion annually to the national exchequer in shape of custom duty, sales tax and income tax. Its contribution to the Gross Domestic Products (GDP) was 1.69 percent. Pakistan exports plastic in two forms i.e. plastic materials and plastic processed goods. Export of plastic materials from Pakistan increased from 53,270 tonnes worth Rs. 2.22 million in 2001-2002 to 147,453 tonnes worth 9 million in 2004-2005, while exports of plastic goods increased from 5,740 tonnes in 2003-2004 to 29,058 tonnes in 2004-2005. On the other hand imports of plastic materials increased from 418,410 tonnes worth Rs. 20.74 million in 2000-2001 to 702,855 tonnes worth Rs. 45.93 million in 2004-2005. Plastic manufacturing units in Pakistan consume plastic materials exceeding 450,000 tonnes, averaging 2,2 kg per person of plastic products a year. Almost all the machinery used in production of various types of plastics are imported. Plastic has visibly replaced most of the metal and is being used even in the furniture industry and construction sector and packaging industry. Due to the rising demand and new uses in areas like agriculture, electronics, automobiles, automation, packaging and household goods, the development of plastic industry requires special attention because it has certain advantages over other industries.

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ORGANIZATIONAL Hierarchy

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FINANCE DEPARTMENT

Maximizing the profit through minimizing the interest

FUNCTIONS OF THE FINANCE DEPARTMENT

1}

ARRANGEMENT OF THE FINANCE

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The main function of the ENF finance department is the arrangement of finance from different financial institution for following purpose

Manufacturing purpose.. Import purpose

Manufacturing purpose
Within the country. Import from the other countries.

Import purpose

2}

RECONCILIATION OF THE BANK STATEMENTS CACULATION OF FINANCIAL RATIO

3}

4}

PREPARATION OF THE SECURITY CHARGE DOCUMENT

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IMPORT DEPARTMENT
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STEPS TAKEN FOR IMPORTS

1}

SEARCH THE STUFF & SELLER

2}

DEMAND FROM IMPORTER AND SCHEDULE

3}

CONTRACT OR PURCHASE ORDER

When prices are accepted then a contract is signed with the firm for supply of goods that becomes binding on both the buyer and seller. Contract is a document, which normally contains.

Name of the exporter Name of the importer Item of sale Unit price Total quantity Terms of delivery (FOB etc) Terms of payments Mode of shipment (Sea, Air, Road) Currency in which transactions will be made. Validity period of a contract & delivery period Shipping marks if any HAJVERY UNIVERSITY LAHORE
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4}

LC OPEN BY THE BUYER

Letter of credit (LC) is opened by the buyer in favor of seller of the

products. Letter of credit contains some terms and conditions. If the buyer is old than terms and conditions can be relaxed otherwise there is rigid implementations of terms and conditions as well.
5}

ARRIVAL OF PRODUCTS AND RECEIVED

The sellers ship the products and products are checked by the buyer if there is any quantity or quality issue. It is received by the buyer and the products are accepted or rejected according to its quality or quantity demanded.

ACCOUNTS DEPARTMENT
FUNCTIONS OF THE ACCOUNT DEPARTMENT
This department performs the following activities: -

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1} FINAL ACCOUNTS
The final accounts always maintained in the accounts department. It is the responsibility of the accounts department to prepare financial statements at the end of the accounting period.

2} SALES ACCOUNTING 3} PAYROLL ACCOUNTING

At the end of each month the monthly payroll of employees is prepared allocation of sales and commission on it is prepared. After preparing payroll salaries of the employees is given to the each of them according to the profit on sales with their basic salaries.

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MARKETING DEPARTMENT

Major functions of marketing department:

To access the market To launch advertisement campaign To maintain the records of Advertisement material Marketing department sale image of institution in the public. The development of the brand depends upon effective marketing system. To introduce valued customers to the brand. To bring a valuable business for the brand. To give report to CEO regarding all the markets To arrange research work on the performance of markets

The major functions that marketing department has to perform are as under:

Product Pricing Promotion Branding

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1} PRODUCT
Before launching any product in particular market, marketing department tends to measure the demand of that product in the market. Marketers keep in mind the quality of the product. What product the customer demands and at the same time keeps in mind the different products being offered by the competitors and at what price they are offering.

2}

PRICING
The most important and fundamental function of marketing department is

to fix the price of the product. The price affixation is though the responsibility of cost manager but marketer provides the additional information regarding the peoples interest. The product is priced keeping in view the competitors product price. To convince the customers, marketing department adds additional benefits to the product like offers discount to its customers.

3}

PROMOTION BRANDING

1}

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PURCHASE DEPARTMENT

PURPOSE AND SCOPE

PROCEDURE
STORE LOCAL INDENT
The respective department originates local indent or purchase demands of items, which is sent to the purchase department by the outlet in charge.

1}

2}

REVIEW OF DEMAND
Purchase demand are received by the purchase officer and received for it serial numbers, samples and specifications then sent to the director for final approval.

3}

ALLOCATION OF DEMAND
Demands are then entered into the computer according to the allocation of items for the respective purchase officer.

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4}

OPERATIONAL PROCEDURE
After allocation of demand purchase officer would contact approved subcontractors and would seek price of items allocated him make a comparative statement if required or check the previous prices from the record for repeated items. Then specific subcontractor may be contracted for supply of item at prior rate by the planning purchase order.

5}

PACKING MATERIAL
Packing inventory is prepared by the outlet in charge and sent to the purchase department with the help of stock position and the usage of specific items. Order is placed for the purchase material directly in bulk quantities; the Director reviews packing rates.

6}

RECEIPT OF MATERIAL BY STORE

Items are received by the store on delivery challan and signed copy of delivery challan is sent back to the purchase department.

7}

MATERIAL INSPECTION & GOODS RECEIPT NOTE

Out of four copies of GRN (Goods Receipt Note) 1st is sent to purchase department on the 2nd day of material received.
Remaining copies are send to the following deptt, One copy to purchase department. One copy to Accounts department.

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 One copy kept in store.

2. NATURE OF THE JOBS PERFORMED

3. SKILLS AND IDEAS LEARNT

3. IMPLEMENTATION OF SUBJECTS

SWOT ANALYSIS
Every company has some plus points and weak points in the business. It always gets some opportunities and also faces some threats. Same is the case with OUTFITTERS.

STRENGTHS WEAKNESSES OPPORTUNITIES THREATS

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MAJOR COMPETITORS & FUTURE PROSPECTS

PERSON I ADMIRED AND HIS QUALITIES

CONCLUSIONS AND SUGGESTION

CONCLUSION SUGGESTIONS

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