Internship Report ON Bannu Woolen Mills Limited

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INTERNSHIP REPORT

ON
BANNU WOOLEN MILLS LIMITED

Submitted To:

Prof. AMAN ULLAH AWAN


The Director (IMS)

Submitted By:

KASHIF KHAN
BBA- IT
ROLL # 825
SESSION 2006-2010

INSTITUTE OF MANAGEMENT SCIENCES, UNIVERSITY OF


SCIENCE AND TECHNOLOGY BANNU
Pageix
INTERNSHIP REPORT
ON
BANNU WOOLEN MILLS LIMITED

Submitted To:

The Director (IMS)


Prof. AMAN ULLAH AWAN

Submitted By:

KASHIF KHAN
BBA- IT
ROLL # 825
SESSION 2006-2010
Internship report submitted to the Director, Institute of Management Sciences, in partial
fulfillment of the requirements for the degree of Bachelor in Business Administration.

INSTITUTE OF MANAGEMENT SCIENCES, UNIVERSITY OF


SCIENCE AND TECHNOLOGY BANNU
Pageix
AN INTERNSHIP REPORT
ON
BANNU WOOLEN MILLS LTD

External Examiner:
Signature ………………………………

Director:
Signature ………………………………

Name ………………………………

Designation ………………………………

Supervisor:

Signature ………………………………

Name ………………………………

Designation ………………………………

Institute of Management Sciences,


University of Science and Technology,
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Bannu.
Bannu Woollen Mills Limited
OFFICE & MILLS
D.I.KHAN ROAD, BANNU – 28100 (PAKISTAN)
Phones: (0928) 613250, 613151, 612274 Fax: (0928) 611450
E-mail: bwmltd@brain.net.pk

TO WHOM IT MAY CONCERN

INTERNSHIP COMPLETION CERTIFICATE

This is to certify that Mr. Kashif Khan S/O Umer Nawaz Khan, BBA-IT Student of
University of Science & Technology, Bannu, has successfully completed the internship
period of 2 months (June 13, 2009 & August 13, 2009) with this Mills. He took keen
interest in preparation of report about the physical working and function of this Mills
through his efficiency and regularly to the prescribed assignment.

(A.R. TAHIR)
FINANCE MANAGER
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DEDICATED
To
My loving parents
My friends
My teachers
Whose
Blessings inspired me to
Have a long life love to
Education.

Pageix
TABLE OF CONTENTS

PAREFACE i
ACKNOWLEDGEMENT ii
EXECUTIVE SUMMARY iii

CHAPTER#1
INTRODUCTION

1.1 Introduction To The Report 1


1.2 Introduction To Bannu Woolen Mills 1
1.3 Objectives Of Bannu Woolen Mills 3

CHAPTER#2
PROFILE OF BANNU WOOLEN MILLS

2.1 Organizational Chart Of Bannu Woolen Mills 4


2.2 Departments Overview 7

CHAPTER#3
PRODUCTION DEPARTMENTS

3.1 Spinning Department 10


3.2 Weaving Department 13
3.3 Finishing Department 16

CHAPTER#4
FINANCE DEPARTMENT
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4.1 Introduction 18
4.2 Major Sources of Fund 19

CHAPTER#5
PURCHASE AND SALES DEPARTMENTS

5.1 Departmental Chart 23


5.2 Introduction To Purchase Department 24
5.3 Making Of Purchase Budget 24
5.4 Purchase Methods And Procedures 25
5.5 Letter Of Credit 26
5.6 How To Open An L\C 27
5.7 Introduction To Sales Department 31
5.8 Sales Procedure 31
5.9 Receipts Of Orders 31
5.10 Credit Sales 32
5.11 Development Of New Products 32
5.12Sales Planning 32
5.13 Major Objectives Of Marketing Department 35
5.14 Books And Records 35

CHAPTER#6
COSTING DEPARTMENT

6.1 Introduction 34
6.2 Price Determination Of Products 34
6.3 Stock Valuation 34
6.4 Preparation Of Cost Of Production Report 34
6.5 Books And Records Of Costing Department 34
6.6 Functions Of Costing Department 35

CHAPTER#7
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ACCOUNTING DEPARTMENT
7.1 Introduction 36
7.2 Accounting In Business Organization 37
7.3 Accounting Process 37
7.4 Voucher System 37
7.5 Types Of Vouchers Used 37
7.6 Original Entry Book 39
7.7 Preparation of Balance Sheet 43
7.8 Accounting Policies 44

CHAPTER#8
HUMAN RESOURCE DEPARTMENT 45

CHAPTER#9
SWOT ANALYSIS

9.1 Introduction to SWOT Analysis 49


9.2 Strength 50
9.3 Weaknesses 50
9.4 Opportunities 50
9.5 Threats 50
9.6 SWOT Matrix 51
9.7 Interpretation 52

CHAPTER#10
PROBLEMS & SUGGESTIONS

10.1 Major Problems of Bannu Woolen Mills Limited: 54


10.2 Suggested Guidelines 54
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Bibliography\References

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