intermship reports new

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INTERNSHIP REPORTS

PREPARED BY

M. Usman Khan POWER TRACK

(UW-07-MGT-MBA-009)

A project submitted in partial fulfillment of the Requirements of the Degree of

Master of Business Administration\ MBA

Department of Management Sciences University of wah

WAH CANTT

PAKISTAN

2009

of 56 ( University of wah)

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INTERNSHIP REPORTS

PREPARED BY M. USMAN KHAN (UW-07-MGT-MBA-009)

INTERNSHIP REPORT (SIX WEEK)

START DATE FOR INTERNSHIP: 03 SEPTEMBER 2009

END DATE FOR INTERNSHIP: 20 OCTOBER 2009

POWER TRACK

UNIVERISTY OF WAH

WAH CANTT

PAKISTAN

2009



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D E D I C A T I O N

Dedicated to my

Loving parents,

My brothers & sisters,

My respected and venerable teachers,

My friends,

&

All to all those who are praying for my success

LOVED ME

& all those who have a soft corner for me in their hearts



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PROJECT IN BRIEF

Project Title: Internship Report

Organization: Power Track

Objective: Paratical and Industrial knowledge. Degree And Course requirement

Supervised By: Ms. Komal Gulzar

Dated Started: 03 SEPTEMBER 2009

Dated Completed: 20 OCTOBER 2009



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ACKNOWLEDGEMENT

All gratitude and thanks to almighty “ALLAH” the gracious, the most merciful and beneficent who gave me courage to undertake and complete this task. I am very much obliged to my ever caring and loving parents whose prayers have enabled to reach this stage.

I am grateful to almighty ALLAH who made me able to complete the work presented in this report. It is due to HIS unending mercy that this work moved towards success.

I am very great full to my teacher Ms. Komal Gulzar for providing me guideline for the completion of this report.

I feel great pride and pleasure on the accomplishment of this report.



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DECLARATION

I hereby declare that I have done this internship and accompanied report entirely on the basic of my personal efforts. If any part of this report is proved to be copied out from any source or found to be reproduction of some other. I will stand by the consequences. No portion of the work presented has been submitted in support of any application for any other degree or qualification of this or any other university or institute of learning.

_______________

M Usman Khan



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CERTIFICATION

It is certified that the contents and form of the project entitled “Title of the Project” submitted by M Usman Khan (UW-07-MGT-MBA-009) has been found satisfactory for the requirements of

University of Wah, Wah Cantt

For the award of the degree of

MASTER OF BUSINESS ADMINISTRATION

(MBA)

Supervisor: ______________________________ Ms.

Course Co-coordinator:________________________________

Mr.

Head of Department:__________________________________

Dr.

Dated:



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EXECUTIVE SUMMARY

We, The Power Track Int.’l (Pvt) Ltd. is energy leading trading company. On the scale of performance we are one of the large Importers, Stockiest and Manufacturer’s Representatives. We are exclusively representing Generators, Construction Machinery, Compressors and maintaining a complete range of spare parts with experience of more than three decades.

Purpose of this project is to study the strategies which Power Track Int.’l (Pvt) Ltd. is doing in Pakistani market for its product Power Track Int.’l (Pvt) Ltd. International is a world renowned brand. It is a very well organized multinational company, which operates almost all over the world. In Pakistan It also has proved itself to be the No.1 excevators parts.

Now days Power Track Int.’l (Pvt) Ltd. is recognized as Pakistanis National hydralic parts Power Track Int.’l (Pvt) Ltd. 's greatest rival. But Power Track Int.’l (Pvt) Ltd. with its aggressive marketing planning and quick diversification in creating and promoting new ideas and product packaging, is successfully maintaining is No.1 position in Pakistan. Power Track Int.’l (Pvt) Ltd. is operating in Pakistan, through its excevators and generators, all over Pakistan. These parts are Power Track Int.’l (Pvt) Ltd. 's strength.”



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TABLE OF CONTENTS

PAGE NO

1- COMPANY’S INFORMATION 10

1-1 CONTACT DETAILS 111-2 SUBSIDIARY COMPANIES 121-3 MISSION AND VISION 131-4 PROGRESS & ACHIEVMENTS 131-5 SELECTIVE DETAILS OF ORDERS 131-6 SELECTIVE CLIENTELE IN PRIVATE SECTOR 181-7 COMPANY’S MANAGEMENT 201-8 CONSULTANT & ADVISORS 211-9 ORGANIZATION’S DEPARTMENTS 221-9-1 ADMINISTRATIVE DEPARTMENT 221-9-2 SALE AND MARKETING DEPARTMENT 231-9-3 PROCUREMENT DEPARTMENT 251-9-4 FINANCIAL AND ACCOUNT DEPARTMENT 251-10 ORGANIZATION’S PRODUCT AND SERVICES 26

2- INTERNSHIP 27

2-1 ACCOUNTS AND FINANCE DEPARTMENT 272-2 THE MODULES OF SAGE LINE 50 FINANCIAL 282-3 ASSIGNMENT 352-4 POWER TRACK FINANCIAL ANALYSIS 402-5 LEARNING 532-6 OBSERVATIONS 54

3- CONCLUSIONS 55

3-1 REFERENCES 56



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1- COMPANY’S INFORMATION

NAME OF THE FIRM : POWER TRACK INTERNATIONAL (PVT) LTD.

ESTABLISHED IN : 1967

INCORPORATED IN : 1992

INCORPORATED OFFICE : SUITE NO. 103FIRST FLOOR,JAPAN PLAZAM. A. JINNAH ROAD,KARACHI 74400 PAKISTAN

MAIN OFFICE : C-11, BLOCK “ I “NORTH NAZIMABAD, KARACHI 74700 PAKISTAN



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CONTACT DETAILS

TELEPHONE : (021) 272 4407, 272 4687, 277 0697

(021) 667 0877, 667 0878, 275 0088

FAX : (021) 667 0617 & 272 6206

URL ADDRESS : WWW.POWER-TRACK.COM

RAWALPINDI OFFICE : (051) 222 6102, 222 6202 & 222 6081

LAHORE OFFICE : (042) 770 9759 & 770 1333

MAIN STORE KARACHI : (021) 667 1315

SUB-STORE KARACHI : (021) 277 1151

SUB-STORE KARACHI-II : (021) 6341182 & 680 9017

STORE LAHORE : (042) 780 9578

STORE RAWALPINDI : (051) 589 5725

BANK INFORMATION

ASKARI BANK LIMITED MYBANK LIMITEDPreedy Street Saddar Branch, Plaza Quarter Branch Karachi – Pakistan MA Jinnah Road,

Karachi - Pakistan



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SUBSIDIARY COMPANIES

PINDI AUTOS121-122 AL-NOOR CHAMBERS,PREEDY STREET,KARACHI

REGISTERED WITH GOVT. SEMI-GOVT., LEADING CONSTRUCTION COMPANIES INCLUDING DEFENCE PROCUREMENT CELL I.E. ARMY, NAVY AND AIRFORCE.

PINDI AUTOS (SPARE PARTS SALES)

SUPER MARKET,NEAR MASJID SABAH,SOHRAB GOTD,KARACHI

SALES OF SPARE PARTS FOR CONSTRUCTION MACHINERY. ESPECIALLY, HITACHI, DAEWOO, SAMSUNG, HYUNDAI, KOMATSU & CATERPILLAR AS WELL AS IN MACHINERY RENTAL BUSINESS.

BIN AHMED ENGINEERING INDUSTRY

13, 24 & 25, SECTOR C-V,K.E.P.Z. MEHRAN HIGHWAY,KARACHI

IMPORT CONSTRUCTION MACHINERY. RECONDITION THEM PRIOR TO EXPORT IN TARIFF AREA AND ABROAD. ASSEMBLING THE GENERATING SET, AND EXPORT TO U.A.E. MARKET.

AHMED BUKSH & SONS

C-11, BLOCK “I’, NORTH NAZIMABAD,KARACHICORRESPONDENCE OFFICEFIRST FLOOR, JAPAN PLAZA,M. A. JINNAH ROAD,KARACHI



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CIVIL CONSTRUCTORS, APPROVED WITH PAKISTAN ENGINEERING CONCIL AND REGISTERED WITH GOVT. ATONOMY BODIES.

Mission and Vision

MISSION STATEMENT

“To be the world's premier machines Parts Company focused on convenient parts. We seek to prodvide quality and geneine parts. And in everything we do, we strive for honesty, fairness and integrity.”

VISION STATEMENT

“To be the world's best genuine parts company”. Being the best means providing outstanding quality, service, cleanliness and value, so that their every customer is contented and happy with their products.”

“To increase the value of their shareholder’s investment through sales growth, cost control and wise investment of resources.”



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Progress & Achievments

SELECTIVE DETAILS OF ORDERS

Following list of progress and achievement of company with lint last two year nature of work and amount in rupees and dollar is given below.

NATURE OF WORK AMOUNT

SUPPLY OF SPARES FOR BARRACUDA LFCT TO M/S. CAA CONTACT NO. CAA/2175/1/1881/SUP(PROC)

RS. 665,372.00US$ 11090.00

SUPPLY OF EQUIPMENT OF BARRACUDA LFCT TO M/S. CAA CONTACT NO. CAA/2175/1/1831/SUP(PROC)

RS. 2,403,900.00US$. 40,000.00

RENOVATION OF WATER BOWZERS NO. W-48N, W-49N AND W-15N TO M/S. CAA CONTACT NO. GED/IT/RA/A/203,204-06

RS. 1,705,000.00US$. 28,416.00

RENOVATION OF FIRE CRUSH TENDER ROSEN BAUER OF M/S. CAA CONTACT NO. GED/IT/RA/A/301

RS. 690,000.00US$. 11,500.00

SUPPLY OF SPARES FOR AFL SYSTEM TO M/S. CAA CONTACT NO. CAA/2175/1/1977/SUP(PROC)

RS. 760,795.00US$. 12,680.00

SUPPLY OF SPARES ENGINE PARTS FOR BARRACUDA LFCT TO M/S. CAA CONTACT NO. CAA/2175/1/1972/SUP(PROC)

RS. 978,360.20US$. 16,300.00

SUPPLY OF TOYOTA TOWING TRACTOR TO M/S. CAA CONTACT NO. CAA/2175/1/2437/SUP(PROC)

RS. 3,590,000.00US$. 59,850.00

SUPPLY FOR SPARES FOR DORMAN LB6 DIESEL ENGINE FOR GRAB CRANE FITTED ON GHD AMINUDDIN TO KARACHI PORT TRUST CONT. NO. ST/GFP/249/T-99/2000/5092

RS. 1,867,638.00US$. 31,130.00

COMPLETE RENOVATION OF CONVEYOR BELTS AT INTERNATIONAL DEPARTURE AT J.I.A.P FOR M/S. CAA CONTRACT R1-01

RS. 3,405,453.00US$. 56,580.00

COMPLETE RENOVATION OF CONVEYOR BELTS AT DOMESTIC DEPARTURE AT J.I.A.P FOR M/S. CAA CONTRACT RD-01

RS. 3,473,893.00US$. 57,900.00

SUPPLY OF HYDRAULIC TEST STAND FOR AIRCRAFT TO M/S. DP AIR CONT. NO. 423298/P-42

USD. 160,463.00

SUPPLY OF 06 UNITS OF GENERATING SETS OF OF 105 KVA OF 400 HZ TO M/S. DP AIR CONT. NO. 423351 / P-42

GBP. 106,080.00

SUPPLY & INSTALLATION OF FOLDED BELLOWS FOR PASSENGER BOARDING BRIDGES OF CAA CONTACT NO. CAA / 2175 / 1 / 2125 / SUP

RS. 3,301,200.00US$. 55,000.00



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(PROC)REPEAT ORDER FOR SUPPLY & INSTALLATION OF FOLDED BELLOWS FOR PASSENGER BOARDING BRIDGES OF CAA CONTACT NO. CAA/2175/1/2125-A/SUP(PROC)

RS. 3,301,200.00US $. 55,000.00

LIST OF FEW WORKS EXECUTED

WITH GOVERNMENT ORGINIZATION

NAME OF WORK AMOUNT

REPAIRING / MAINTENANCE OF DUMP TRUCK ISUZU FTR OF CDGK CONT. NO. DDO/CM/E&M/08/03

RS. 267,550.00US$. 4,460.00

REPAIRING / MAINTENANCE OF DUMP TRUCK ISUZU SUPER CDGK CONT. NO. DDO/CM/E&M/06/03

RS. 252,200.00US$.4,200.00

COMPLETE ENGINE OVERHAULING OF DUMP TRUCK ISUZU FTR CDGK CONT. NO. DDO/CM/E&M/07/03

RS. 214,690.00US $. 3,580.00

PROCUREMENT OF DIESEL GENERATOR SET MANUAL 100 KVA CAA CONTACT NO. CAA/2175/1/2175-A/SUP(PROC)

RS. 998,000.00US$. 16,700.00

SUPPLY OF AIR COOLED COMPRESSORS TO M/S. SWAN ENGINEERING RAWALPINDICONT. NO. SE/PROC/CONT-54/2003

EURO. 408,526.00

SUPPLY OF SPARES FOR BARRACUDA LFCT ENGINE 8VF-92TA SERIES TO M/S. CAA CONTACT NO. CAA/2175/1/2095/B/SUP(PROC)

RS. 707,568.00US$. 11,800.00

REPLACEMENT OF WEAKENED / WORN OUT COMPONENTS OF BELT NO. 05 INSTALLED AT ARRIVAL OF TERMINAL – III, J.I.A.P

RS. 3,022,561.00US$. 50,400.00

SUPPLY OF AIR COOLED COMPRESSORS TO M/S. SWAN ENGINEERING RAWALPINDI CONT. NO. SE/PROC/CONT-58/2003

EURO. 523,480.48

SUPPLY OF SPARES FOR GROUND POWER UNITS (HOBART) M/S. DP AIR CONT. NO. 423446/P-42

USD. 32,811.84

SUPPLY OF SPARES FOR GROUND POWER UNITS (HOBART) M/S. DP AIR CONT. NO. 423445/P-42

USD. 56,594.43

SUPPLY OF SPARES FOR GROUND POWER UNITS M/S. DP AIR CONT. NO. 423448/P-42

USD. 46,024.50



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LIST OF WORKS EXECUTED

IN THE YEAR 2008-2006


SUPPLY OF SPARES FOR AD GENERATING SETS M/S. DP AIR CONT. NO. 423487-A/P-42

RS. 443,212.11US$. 7,400.00

SUPPLY OF SPARES FOR HYDRAULIC TEST STAND M/S. DP AIR CONT. NO. 423484/P-42

USD. 5,562.05

SUPPLY OF SPARES FOR GROUND POWER UNIT TO M/S. DP AIR COTNT. NO. 423502 / P-42

USD. 100,747.80

SUPPLY OF SPARES FOR AD GENERATING SETS TO M/S. DP AIR COTNT. NO. 423485 / P-42

USD. 10,157.88

SUPPLY OF SPARES FOR CAT GENERATING SETS TO M/S. DP AIR COTNT. NO. 423521 / P-42

USD. 13,554.10

SUPPLY OF SPARES FOR TEDINGTON SHUT DOWN TO M/S. DP NAVY CONT. NO. 320683 / P-32

GBP. 41,253.86

SUPPLY OF CRANK SHAFT FOR MARINE DIESEL ENGINE TO M/S. DP NAVY CONT. NO. 320798 / P-32

RS. 943,101.00US$. 15,800.00

SUPPLY OF TOWING TRACTOR TO CAA CONT. NO. CAA/2175/1/2437/SUP-PROC

RS. 3,590,000.00US$. 59,850.00

SUPPLY OF SELINOMETER TO M/S. DP NAVY CONT. NO. 320729 / P-32

GBP. 8,869.95

SUPPLY OF DDC LINER TO M/S. DP NAVY CONT. NO. 320767 / 1 / P-32

RS. 497,780.00US$. 8,300.00

SUPPLY OF CHESTER TANK TO M/S. DP NAVY CONT. NO. 320569 / P-32

GBP. 37,805.20

RENOVATION OF DOMESTIC DEPARTURE BELT NOS. MD 01 AND MD 02 AT JIAP CAA

RS. 3,405,460.00US$. 56,760.00

MAJOR OVERHAULING OF DOMESTIC DEPARTURE RACETRACK BELT NO. RD 01 INCLUDING REPLACEMENT OF IT’S WORN-OUT COMPONENTS.

RS. 3,473,900.00US$. 57,900.00



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LIST OF CONTRACT EXECUTED400HZ GENERATING SETS AND GROUND POWER UNITS


THE DIRECTOR PROCUREMENT (AIR)THE DIRECTORATE PROCUREMENT (AIR)PAK. SECTT. II, RAWALPINDI

GROUND POWER UNIT USD. 32,811.84






400HZ GENERATING SETS (06 UNITS)

GBP. 106,080.00

REPRESENTATIVE LIST OF CONTRACT EXECUTED FOR

50HZ GENERATING SETS

NAME OF CUSTOMER CAPACITY AMOUNT

DEWAN CORPORATION KARACHI 60KVA GENSET RS. 690,000.00

S.H. ENTERPRISES, KARACHI 40KVA GENSET RS. 550,000.00

NABI QASIM TEXTILE, KARACHI 150KVA GENSET RS1,150,000.00

S.H. ENTERPRISES KARACHI 100KVA GENSET RS. 900,000.00

C.A.A. KARACHI 100KVA GENSET RS. 998,000.00

NABI QASIM TEXTILE KARACHI 300KVA GENSET RS. 2,000,000.00

MARMONYX PVT. LTD. KARACHI 500KVA GENSET RS. 3,200,000.00

MARMONYX PVT LTD. KARACHI 110KVA GENSET RS. 900,000.00

ADAMJEE DIESEL LTD. KARACHI 300KVA GENSET RS. 2,385,000.00

KARACHI HOSPITAL KARACHI 40KVA GENSET RS. 650,000.00

\



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SELECTIVE CLIENTELE IN PRIVATE SECTOR

KARACHI METROPOLITAN CORP.M. A. JINNAH ROAD,

KARACHI

M. IFTIKHAR & COMPANY Pvt. LTD.TIPU SULTAN ROAD,

OFF SHAHEED-E-MILLAT ROAD,KARACHI

ATTOCK CEMENT PAKISTAN LTD . 5TH FLOOR, P.N.S.C.

BUILDING,M. T. KHAN ROAD,

KARACHI

DEWANI CORPORATIONNORTH KARACHI –

KARACHITEL: 690 9755

M.IFTIKHAR & CO. PVT. LTD.TIPU SULTAN ROAD,

OFF SHAHEED-E-MILLAT ROAD,

KARACHI

S. H. ENTERPRISESTARIQ ROAD –

KARACHITEL : 494 8130

THATTA CEMENT CO. LTD.GHULAMULLAH ROAD,

MAKLI – THATTA

MARINE GROUP OF INDUSTRIESI.I. CHUNDRIGAR ROAD-

KARACHITEL :241 7933

ABID MINING CO.JAPAN PLAZA,

M. A. JINNAH ROAD,KARACHI

NABI QASIM INDUSTRIESI.I. CHUNDRIGAR ROAD

KARACHI263 3569

CHERAT CEMENT CO. LTD.MODERN MOTOR HOUSE,

BEAUMONT ROAD,KARACHI

CREDIT AGRICOLE INDOSUEZCLIFTONKARACHI

TEL : 587 8697

AGRICULTURE DEPT.GOVT. OF PUNJAB,

21, DEVIS ROAD,LAHORE

S.K. FILLING STATIONRASHID MINHAS ROAD

KARACHITEL : 498 1539

KARACHI DEVELOPMENT AUTHORITYCIVIC CENTRE,

GULSHAN-E-IQBAL,KARACHI

TARGET C.N.G STATIONMAIN SHARAHE FAISAL

KARACHITEL :4596955



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IRRIGATION POWER AUTHORITYNEAR RITZ HOTEL,

JAMSHORO,HYDERABAD

SAGHIR SONS TEXTILESKORANGI INDUSTRIAL AREA

KARACHITELL: 5057580

REFRENCE LISTOF FOREIGN FIRM

GRANDMART LIMITED 96 BERKELEY AVENUE, CRANFORD,

MIDDX., TW4 6LB LONDON - ENGLAND

RAINER PHILIPPS INT’L TRADE GMBHBAUERNWEIDE 6, 21149

HAMBURG 92 – GERMANY

AL-SADA AUTO & HEAVY EQUIPMENT SPARE PARTS TRADING LLC

P,O. BOX. 29487, OPP. SKYLINE COLLAGESHARJAHU.A.E.

GENTEC POWER SYSTEM

P.O. BOX. 220, WEMBLEY,ENGLAND.

INCOTEC INTERNATIONAL( SUBSIDIARY OF FABSKUN ONTARIO INC )

2750, 14TH AVENUE, # 308, MARKHAM, ONTARIO CANADA L3R 0B6TORONTO-CANADA



MR. SOHAIL AHMED

FIELD OPERATION

RECONCILI--ATIONWING

SYSTEM REVIEW

WING

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COMPANY’S MANAGEMENT

CHIEF EXECUTIVE & : MR. SOHAIL AHMEDMANAGING DIRECTOR

DIRECTORS : MRS. KANIZ FATIMA

MRS. FARZANA S. AHMED

MANAGING STAFF

Mr. Iskander S. Malik : Director Business Dev. / Coordination

Mr. Nadeem Ahmed : General Manager (Parts Division)

Mr. S. M. Saqib Rizvi : General Manager (Marketing)

Mr. Sohail Ahmed : General Manager (Finance)

Mr. Amir Rasheed : Manager (Accounts)

Mr. Mohammed Aqil : Manager (Administration)

Mr. Zulfiquar Ali : Manager (Parts Division)

Mr. Safder Hussain : Manager Technical (Northern Region)

Mr. Malik Itbar : Coordinator (Nothern Region)

Mr. Zahid Shah : Coordinator (Nothern Region - Civil)



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CONSULTANT & ADVISORS

Mr. Kamran Ahmed Rabbani : M.B.A (U.S.A)Business Adviser

Muhammad Saleem & Company : Chartered AccountantsB-1 Byculla Mansion, Shahrah-E- Liaquat,Karachi

Raza Siddiqui & Co. : Chartered AccountantsRoom No. 401, Amber EstateK.C.H.S.U. - Karachi

M/S. Najmi & Company : Tax Advisor7-Saifee HouseElender Road, Off I.I Chundrigar RoadKarachi

M/S. Neel & Law Associates : Legal Advisor / Advocates32 Sir Jahangir Kothari BuildingDenso Hall, Karachi



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Organization’s Departments

Administrative department

Mr. Mohammed Aqil is Administration of Power Track. He control all the activities of company in Head office as well as regional office Lahore and Rawalpindi. Following are the General rules and condition applicable on the all branch and head office as well.

GENERAL RULES & CONDITION (APPLICABLE TO ALL BRANCHES AND HEAD OFFICE)

Two lates are allowed in a month.(shall be counted after 10.30am.) third late shall be treated as “leave with half pay”. casual leave once in a month is allowed. second leave of the month shall be treated as “without pay” holiday before or after leave shall be treated as leave. (two days leave)

WORKING ENVIRONMENT

This is the responsibility of the working staff to maintain the discipline and avoid to disobedience or use of abusive language otherwise management has right to take disciplinary action entirely at their own discretion.

OFFICE EQUIPMENT

The staff is responsible for the maintenance of the equipment in his use. if there is any problem, it should be brought in writing with date and time to Mr. Bilal ahmed or Mr. Amir Rasheed immediately. Otherwise user shall be responsible.

OFFICE DOCUMENTS

No document is issued without proper reference number and date. It should indicate “file



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Sale and marketing department

Mr. S. M. Saqib Rizvi is General Manager (Marketing) of sale and marketing in PTIL. He control both Head branch and rawalpindi and Lahore branch as well. The Mr. Safder Hussain is rawalpindi branch manager of sale and marketing and Lahore branch is control by Mr. Zia. They are responsible for make Purchase order and Sale and Credit activities done in all branches.

ADDITIONAL RESPONSIBLITIES OF SALE MANAGER :

Sales and stock provide daily sales & expense details to h/o with copies of d/c, c/m, vouchers and day book through Mr. Akmal. All purchase requirement be reported to Mr. Nadeem by hand or e-mail [email protected]& Copy e-mail to [email protected]

The credit form is fill by customer and send to Head office and then Head office decide credit limit and terms of credit with customers. The detail of credit form is given in next page.



mailto:[email protected]


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Name: NIC:

Address:

City: Province: Postal: Phone:

Mob: Fax: Email:

Delivery Address:

Bank DetailsBank Name: Bank Name:

Account # Account #

Address: Address:

Phone: Phone:

Mob: Mob:

Credit DetailsSettled due days: Amount: Credit limit:

Settled discount:

Reference:Name/Proprietor NIC:

Full Address:

Mob: Fax: Email:

Bank detail

I hereby certify that the information contained herein is complete and accurate. This information has been furnished with the understanding that it is to be used to determine the amount and conditions of the credit to be extended. Furthermore, I hereby authorize the financial institutions listed in this credit application to release necessary information to the company for which credit is being applied for in order to verify the information contained herein.


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www.uw.edu.pk

__________________________________________ ______________________________________ Signature Date

Procurement department

Mr. Nadeem Ahmed is General Manager of (Procurement department). He Manage all the supply of Karachi Lahore and rawalpindi branch. Mr. Hashim is Procurement manager of Generators parts. They contact with foreign companies (CHINA, KOREA, TAIWAN, ETC) and Take quotation and maintain supply. They coordinate with sale and marketing department and meet their demands. And they also contact with local companies for there supply business of general order supply. All branch provide special report design by software to related manager.

Financial and account department Mr. Sohail Ahmed is General Manager (Finance) of Power Track international limited. All branch provide following details to Head of Accounts on daily and weekly basics.

sales and stock is sole responsibility of the branch Incharge and will provide following details to head office:

DAY CASH BOOK (MUST BE SENT VIA E-MAIL DAILY AS PER FORMAT)

DAILY SALES DETAILS DAILY EXPENCE DETAILS

COPIES OF DELIVERY CHALLAN ( WEEKLY BASIS ) COPIES OF CASH MEMO ( WEEKLY BASIS ) VOUCHERS ( WEEKLY BASIS )

through any courier service rawalpindi will dispatch weekly report on every Thursday and Lahore will dispatch on every Saturday.

all purchase requirement be reported to Mr. Nadeem by courier, post or email to [email protected] & COPY E-MAIL TO [email protected]

all issues related to software & accounts must be reported to Mr. Sohail khan. urgent matters via telephone (021) 6670877 & 78 and details must be sent via e-mail on weekly basis to [email protected]

all requirement of parts must be reported weekly by e-mail to [email protected] & copy e-mail to [email protected]









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Organization’s Product and services

Diesel Generator World renowned brand GenTec - England Diesel Generators coupled with: Cummins, Perkins, Volvo Penta, John Deere, & Lister Diesel Engines with Newage Stamford / Leroy Somer Alternators

Air Compressors Imported from LMF AG – Austria High Pressure Piston compressors (Air / Water cooled)Process gas compressors.Oil free air compressors (Pet-bottle application).High speed balanced opposed compressors.Custom designed compressors.

Construction Machinery Complete range of construction machinery i.e. bulldozers, Loaders, Excavator, Wheel Loaders, Cranes, Dump Trucks, Motor graders ETC.

Spare Parts A large set up of spare parts division offers a wide range of spares at very competitive prices for Construction Machinery, Generator, Compressors etc

Financing facility As a part of our commitment to customer services we can arrange Financial/Leasing facility to alleviate your financial constraints.

After Sales Service We have well established service department with the team of experienced & qualified technicians dedicated to their jobs & service at site available.

Service Repair & maintenance of Power Generating sets.Trouble shooting Erection of individual Generating sets.Maintenance contract at very nominal charges



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2- INTERNSHIP

Accounts and finance Department Accounts and finance department is a backend department at (power track pindiautos) that performs the following functions all base on the computerized accounting and management. The all working of accounts is done through software name Sage. The General Manager (Finance) of power track international is Mr. Sohail Ahmed and manger of Accounts is Mr. Amir Rasheed. The detail of Sage

Sage include following bar

A. The Task Bar

The task bar view allows you to customize your sage line 50 desktop to list the

core tasks that you use the most frequently. It is on left of screen. From view menu one can

activate and deactivate.

B. Title Bar

The title bar shows the name of the window. Example

(SAGE LINE 50 FINANCIAL CONTROLLER POWER TRACK)

C. Menu Bar

The Sage Line 50 menu bar contains nine separate menus each with its own set of

options.

i. File

ii. Edit

iii. View

iv. Modules

v. Settings

vi. Tools

vii. Favorites

viii. Window

ix. Help

D. Toolbar

The desktop toolbar is a series of buttons that activate the sage line 50 main options.

You can change the position and appearance of your toolbar. For example, you can add a

background bitmap of your choice to your toolbar.

D Control Menu



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The control menu box in the upper left corner of each window. It contain

minimizes, maximize and close button.

E Status Bar

The status bar show windows name and program date and working of your works.

The Modules of Sage line 50 financial:-

1. Customer

Data of customer

This module of software ware help in creating customer account with detail

information like Name of customer and with full address, email fax and limit

and Tax number.

Record of transaction

It also help to see the record of transaction to the customers with

transaction number, types, date, ref, details and amounts.

Letter to customer:

The software can create automatically letter to customer such as

change of address . reminder of balances and transaction letter and email.

Reports:

The company can generator report to customer such as summary of

accounts, payment summary , discount summary etc.

2. Supplier

Data of supplier

This module of softwareware help in creating supplier account with detail

information like Name of supplier and with full address, email fax and limit

and Tax number.

Record of transation

It also help to see the record of transaction to the supplier with

transaction number, types, date, ref, details and amounts.

Letter to supplier:

The software can create automatically letter to supplier such as

change of address . reminder of balances and transaction letter and email and

order to supplier.



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Reports:

The company can generator report to supplier such as summary of

accounts, payment summary , discount summary , order summary etc.

3. Nominal Ledger

Journal entry

The nominal ledger modular contain journal entry options one can do direct

journal entry from this option. A journal entry comprises a batch of individual

debit and credit transactions. To transaction. Each line of journal entry table

represents a single transaction, and there must be at least two transactions in

the journal.

Reverse entry

If you have posted a journal entry incorrectly, you can use the reversals option

to remove the journal. You can then re-enter the journal correctly. For

example if you have posted a journal with the incorrect date, you can reverse

the journal and then re-enter the information with the correct date.

Chart of account

The chart of accounts is subdivided into category types. By default, the

category types for the profit and loss report are sales. Purchases, direct expenses and

overheads and for the balance sheet report they are fixed assets, currents assets,

currents liabilities, long terms liabilities and capital and reserves. Each category type

is subdivided into category accounts, each of which consists of a heading and a range

of nominal accounts.

4. Banks/Cash Accounts

Record supplier payment

We can record supplier payment from this menu. We can

record amount of discount and amount paid to supplier whether through bank or cash.



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Transaction number, date supplier description and check number should be give to

fulfill the payments.

Record receipt from customer

Same like supplier we can record receipt from

customer and information required for this receipt date, amount and discount if any.

cheque, or cash. Both kind of recording can be handle from this.

Banks reconciliation statement

Work throught your bank statement one line at a time.

Find the same transaction on screen and click the left mouse button to select it for

reconciliation ( the selected line is highlighted.

As you select each transaction, you will see that the reconcile balance on the bank

reconciliation window changes automatically. This should match the balance shown

by the bank statement (normally shown in the right hand column).

If, as you work down the bank statement a transaction is shown that is not in Line 50

(i.e. bank charges or cash point withdrawals, etc.) you should record this transaction

straight away. To record the transaction, use the adjustments button directly from the

bank reconciliation window.

Transfer of payment

This option provide transfer amount from bank to cash or

cash to bank or bank to bank or petty cash account with proper transaction number

and date. And report of transfer is also available.

Opening and closing of bank/cash accounts

If you are creating a new record, Sage Line 50 includes a wizard to guide you through the process. To run the wizard, from the Bank Accounts window, choose the New button and follow the on-screen instructions.

Alternatively click Record. In the A/C Ref box, enter a new reference number for your new account. Use the Tab key to move onto the next field. The record will display ‘New Bank Account’ alongside the A/C Ref box. Various account available such as cash account , bank accounts example askari commercial banks , petty cash etc.



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Produce Check automatically

From the Bank Accounts window toolbar, click Cheques.

The Print Cheques window appears displaying all remittances transaction types PI (Purchase Invoices), PC (Purchase Credit Notes) and PA (Purchase Payments on account) that have not been printed before and have blank references. The window also lists remittances for BP (Bank Payments), but only those where you have selected to print the cheque.

If you want to keep a record of the cheques listed, click Print List.

5. products

The following information regarding product can be recorded in the software:

Product Code

Free Stock

Item Type

Allocated (Financial Controller only)

Description

On Order (Financial Controller only)

Category

Last Ord Qty (Financial Controller only)

Location

Last Ord Date (Financial Controller only)

Weight

Re-order Level (Accountant Plus and Financial Controller only)

Com. Code

Re-order Qty (Accountant Plus and Financial Controller



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only)

Department

Last Cost Price (Standard)

Nominal Code

Last Cost Price (Discounted)

In the Task Manager you can view the items that are out of stock, below the reorder level, on

order and allocated. This provides you with a quick efficient way of viewing your stock levels,

enabling you to make decisions on the items you need to reorder and the items you are waiting

for

6. Invoicing

Invoicing lets the software user the following information entrance in the computer:

* What is a Product Invoice?

* How to Add or Edit your Product Invoice Details

* How to Enter Product Item Lines on your Invoice

* How to Add a Message to a Product Invoice

* How to View the Discount Breakdown Box

* How to Add Order Details to a Product Invoice

* How to Add Footer Details to a Product Invoice

* How to Add Payment Details to a Product Invoice

* How to Print the Product Invoice Straight Away

* How to Update Your Ledger

7. Purchase order processing POP



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In the boxes provided, enter the details for your purchase order.

1 Enter the product items you wish to purchase, one line of the purchase order per product.

2. Continue to enter all the lines of product items on the purchase order that you require.

If you wish to copy or duplicate any of the rows or cells from an existing line of the purchase order, use the options from the Edit menu.

You have now completed the header details for your purchase order.

The following information appears for you automatically:

3.complete your purchase order, you may also want to enter:

Delivery details; and Carriarge corsts and settlement terms.

If you do not wish to add any order or footer details to this purchase order, you have the choice of sending it directly to a printer, recording the delivery of it straight away or saving it for later printing, putting on order and recording delIf you use this purchase order regularly, why not save it as a ‘skeleton’ purchase order, so you can re-create it quickly and easily.

To save the order for later printing, putting on order and recording delivery in a ‘batch’, click Save, or to print the purchase order straight away click Print.

8. Financials

The Financials window lists the transactions that you have entered. The transactions are listed in the order that you entered them and are given a sequential number automatically, e.g. 1,2,3,4 etc. Every single transaction you have entered will be shown unless you have used the Sage Line 50 Clear Audit Trail option, which clears down transactions that have been fully paid and reconciled

To Run a Financial Report To Print an Audit Trail Report

To Run the Balance Sheet Report

To Run the Budget Report

To Run the Prior Year Report

To Run the Profit and Loss Report

To Run the Trial Balance Report



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To Run the Quick Ratio Report

9. Reports

Report The Report Designer includes a special Report Variable List option that controls how variables are sorted and how they filter the data they receive. The Report Designer also includes the ability to insert graphic objects, such as rectangles and lines.Layouts

Stationery Layouts

Stationery Layout files are designed to handle your every day stationery that is printed onto pre-printed forms, such as 3-part invoice paper. They include special layout template files to give you a background image of the Sage stationery that they will be printed on.

Letter Layouts

Sage Line 50’s Report Designer gives you standard customer and supplier letters which you can use at any time. As you get more familiar with the Report Designer, you may wish to create your own standard letters that incorporate data from the boxes in your customer or supplier records.

Label Layouts

The Label Report Designer includes the options to insert graphic objects. Also included is a special tab in the Page Set-up option that lets you choose the specific type of label stationery you want to use.

10. Sage MIS

Sage MIS (Management Information System) allows you to see the key features of your company data as a series of tables and graphs.

When you first open the Sage MIS option, the 'My Business Page' appears. this displays a set of default company reports. You can change the reports that you want to display on this page from the Settings option.

The Management Information option contains the following reports:

Sales Reports



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Sales by Product (Accountant Plus and Financial Controller only)

Sales by Product Category (Accountant Plus and Financial Controller only)

Product Sales Chart (Monthly) (Accountant Plus and Financial Controller only)

All Product Sales by Customer (Accountant Plus and Financial Controller only)

All Sales by Customer Type (Accountant Plus and Financial Controller only)

Customer Sales Chart (Monthly)

Top Customers

Product Reports

Product Availability (Accountant Plus and Financial Controller only)

Product Profit Margin (Accountant Plus and Financial Controller only)

Slow Moving Products (Accountant Plus and Financial Controller only)

Credit Control Reports

Customer Account Balances

Customer Aged Balances

Customerr Account Balances

Supplier Aged Balances

Finance Report

Financial Highlights

Profit and Loss

Assignments



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I have learned to use the following modules of the sage software that is under the use in the company:1. Customers management:

This module lets the software user to actively and continuously manage the customers in a convenient way. Managing and getting information about customers’ credit account, future creditability, the payment period/limit of the customers’ payment date, payment due date and actual payment made by the customers are the main concerned features of this module.

2. Suppliers management:Managing all information about suppliers and to conveniently manage different suppliers data is the benefit provided by this module. Having suppliers’ addresses, telephone number, website, amount payable to suppliers, amount paid in advance, amount already paid, credit limit, account status, date material received from the supplier are some of the key features of this module.

3. Nominal chart of AccountWe can create any new nominal account codes, use the Nominal Ledger Chart of Accounts option to make sure these codes appear in the correct categories on your financial reports.

4. Bank

From the Bank Accounts window, select the bank account you wish to edit from the list displayed (or, if you are adding a new account, accept the default selection), and then click Record.

The Bank Record window appears.

Note: If you are creating a new record, Sage Line 50 includes a wizard to guide you through the process. To run the wizard, from the Bank Accounts window, choose the New button and follow the on-screen instructions.

Alternatively click Record. In the A/C Ref box, enter a new reference number for your new account. Use the Tab key to move onto the next field. The record will display ‘New Bank Account’ alongside the A/C Ref box.

To create a new account, click Discard. This clears any data shown. In the boxes provided, enter the following bank account details:

To add further details to your bank account, choose the tab you require from the Bank Record window.

To save the bank record, click Save. To clear the details you have entered and start again without saving, click Discard.



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To exit the Bank Record window, click Close.

5. Products

The following information regarding product can be recorded in the software:

Product Code

Free Stock

Item Type

Allocated (Financial Controller only)

Description

On Order (Financial Controller only)

Category

Last Ord Qty (Financial Controller only)

Location

Last Ord Date (Financial Controller only)

Weight

Re-order Level (Accountant Plus and Financial Controller only)

Com. Code

Re-order Qty (Accountant Plus and Financial Controller only)

Department

Last Cost Price (Standard)

Nominal Code

Last Cost Price (Discounted)



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6. Invoicing

Invoicing lets the software user the following information entrance in the computer:

What is a Product Invoice?

How to Add or Edit your Product Invoice Details

How to Enter Product Item Lines on your Invoice

How to Add a Message to a Product Invoice

How to View the Discount Breakdown Box

How to Add Order Details to a Product Invoice

How to Add Footer Details to a Product Invoice

How to Add Payment Details to a Product Invoice

How to Print the Product Invoice Straight Away

How to Update Your Ledger

7. POP

In the boxes provided, enter the details for your purchase order.

1 Enter the product items you wish to purchase, one line of the purchase order per product.

2. Continue to enter all the lines of product items on the purchase order that you require.

If you wish to copy or duplicate any of the rows or cells from an existing line of the purchase order, use the options from the Edit menu.

You have now completed the header details for your purchase order.

The following information appears for you automatically:

3. To complete your purchase order, you may also want to enter:



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Delivery details; and Carriarge corsts and settlement terms.

If you do not wish to add any order or footer details to this purchase order, you have the choice of sending it directly to a printer, recording the delivery of it straight away or saving it for later printing, putting on order and recording delivery.

If you use this purchase order regularly, why not save it as a ‘skeleton’ purchase order, so you can re-create it quickly and easily.

To save the order for later printing, putting on order and recording delivery in a ‘batch’, click Save, or to print the purchase order straight away click Print.

8. FinancialsThe Financials window lists the transactions that you have entered. The

transactions are listed in the order that you entered them and are given a sequential number automatically, e.g. 1,2,3,4 etc. Every single transaction you have entered will be shown unless you have used the Sage Line 50 Clear Audit Trail option, which clears down transactions that have been fully paid and reconcile



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9. Day book:

I daily maintain day book the format of day book is given below and I send daily

day book to head Office Karachi

Date:

1/1/2009

DAY BOOK SHEET

RECEIPT PAYMENT

Date

Particulars

v.

Cash

ASK (KAR

)

P/Cash

J V Particulars V.Cash

ASK

P/CashJ V

10/1/2009 O/B 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009 10/1/2009

10/1/2009

Total 0 0 0 0

Total 0 0

10/1/2009Balance C/F 0



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Power Track financial analysis

Common Size Analysis (Vertical and Horizontal)

Vertical AnalysisHorizontal Analysis

Liabilities and Owner Equity

2008 2007 2008/2007

Issued, Subscribed and paid-up capital

6% 7.3% 150%

Capital reserves 51.8 42.5 220

Unappropriate profit 8.7 14.9 110

66.5 64.7

Non-Current Liabilities

Long-term finance

Deferred Liabilities

Liabilities against subject to finance lease

8.6

4.7

.0073

0

8.1

.09

0

100

10

Current Liabilities:

Current portion of long-term liabilities

Finance under mark up agreement

Derivatives

Credit and other liabilities

.044

13.8

0.8

5.3

0.2

13.3

3.8

0

9.3

0.8

0.6

680

0

103

32



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Provision for taxation

33.5 35.3

100 100.

Assets

2008 2007 2008/2007

Property, Plant and Equipment 25.8% 45.4% 102%

Intangible Assets 0.05 0.01 80

Investment property 0.1 0.2 103

Asset subject to finance lease 0.1 0.2 70

Capital work in process 28.1 5.1 990

Investment 6 10.7 100

Long Term loans 0.1 0.1 280

Retirement benefits 0.5 0.8 120

Current Assets

Store and Spaces.

Stock in trade.

Trade Debt.

Investments

Loans advances and receivables

Cash and Bank Balance.

3.5

9.8

6.8

0

1.7

17.4

5.9

16.9

9.9

0.1

2.4

2.2

110

100

120

0

130

1390

44.10 51.62

100.0 100.00



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It is clear from the horizontal analysis that there is an increase in overall assets and liabilities and owner equity figure. The retained earning and long-term liabilities has increased and the capital reserves and issued shares remained the same. The increase in retained earning and long-term debt shows that the company wants to invest more in the business this year. He inventory has decreased and the receivables have also decreased that shows company’s efficiency in covering the receivables and selling the stock.

Profit and Loss Accounts:

Vertical AnalysisHorizontal Analysis

2008 2007 2008/2007

Turnover 100.0% 100.0% 100%

Net Sales and Commission Income

100 100 130.6

Cost of Sales 80.9 78.1 135.4

Gross Profit 19.1 21.9 113.3

Selling and Distribution Expenses

2.8 2.9 117.9

Administration and General Expenses

4.9 5.8 100.7

Financial costOther Operation Charges

2.61.3

2.31.4

122.6133.1

Other Operating IncomeInvestment income

2.68.6

1.49

176.7130.5

Profit before Taxation 18.7 19.9 128.3

Taxation 4.4 3.8 140.8

Profit after Taxation 14.3 16.1 124.8



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It is clear that the sales of the company have increased than the previous year that may be due to decrease in sales discounts and commission. Operating income has also increased showing increased efficiency in operations and reduced operation costs. The other income has played a significant role in 2007. It may be due to gain on sale of some asset or unexpected gain. The amount of tax has increased in 2008. All these factors have reduced the increased operating income effect on net sales and net sales have reduced.

Ratio analysis:

Operating ratios:

Days Sales in Receivables = Gross Receivables/(NetSales/365)

2008=39

2007=40

The days receivable indicate the length of the time that has been outstanding at the end of the year. Packages ltd have days sale of receivable of 39 days in 2008 and 40 Days in 2007 which indicates that packages ltd converted its sale into net income quickly in 2008 then in 2007. This may be changed due to seasonal sale or change in sale for any other reason. To remove this fact we take the gross receivables.

Account Receivable Turnover = Net Sales/ Average Gross Receivables

2008=9

2007=9.33

Account receivable turnover indicate the liquidity of the receivables. This shows how easily company can liquidate its receivables. Packages ltd has liquidity of 9 times in 2008 and 9.33 Times in



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2007. Account receivable also change due to the change in sale for different reason like seasonal fact. Companies can use the sale for different moths to overstate or understate the liquidity of receivable, but account receivable turnover use the average of gross sale. Liquidity of receivable for the companies varies according to nature of the business of that company.

A/C Receivable Turnover in Days = Average Gross Receivables/(Net Sales/365)

2008=73

Days Sales in Inventory = Ending Inventory / (Cost of Goods Sold/365)

2008=73 days

2007=85 days

The day’s sales in inventory estimate the number of days that it will take to sell the current inventory. Due to different reason estimate may be vary. The cost of goods sold figure is based last year’s sales, same divided by the number of days in a year. Ending inventory may also differ due to the by using different methods for inventory.



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The packages ltd has day’s sales in inventory 73 days in 2008 and 85 days in 2007.

Inventory Turnover = Cost of Goods Sold / Average Inventory

2008=5.13

2007=4.83

In inventory turnover show the time, in which it will convert, the current inventory into sales. For inventory turnover in days we use average inventory to eliminate the change variation due to the change of sale. Packages have suitable inventory turnover.

Inventory Turnover in Days = Average Inventory / (Cost of Good Sold/365)

2008=71 days

2007=76 days

Operating Cycle = Accounts Receivable Turn Over in Days+

Inventory Turn-over In days.

Inventory turnover in days is for the estimation of the number of days that it will take to sell the current inventory. Formula is same as of day’s sales in inventory. But in inventory turnover in days we use average inventory.



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Solution:Operating cycle represent the period of acquisition of goods and conversion of the good

into cash. It is higher for the companies like Packages ltd. Because the company purchase raw material converts it in to product then it sells it to whole seller. All process increase the operating cycle.

Working Capital = Current Assets – Current Liabilities

2008=2222907

2007=675932

Working capital of a business indicates of the short run solvency of the business. This show how easily firm can pay the short-term loans.

Current Ratio = Current Assets / Current Liabilities

2008=2

2007=1.4

Current ratio also determines the short-term debt paying ability of the firm. Its ability is increased in 2008 as compare to 2007 because ratio is increased.

Quick Ratio = (Cash + Account Receivables)

Current Liabilities.


2008 2007

73 Days 88 Days


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2008=1.20

2007=0.45

Acid test ratio includes the only most liquid items of the current assets. Acid test ratio may decrease from 1. Packages ltd is manufacturing unit. For such like company acid test ratio must be round about the 1. But Packages ltd has acid test ratio 1.20 in 2008 and 0.45 in 2007 although it increased in 2008 but enough. Means Packages can easily meet all its current liability with its most liquid asset. It should manage through the sale of inventories.

Cash Ratio = (Cash equivalents + Marketable Securities) / Current Liabilities

2008=0.86

2007=0.08

Cash receivable indicates include the only the cash in hand. Packages ltd have low cash ratio. Packages ltd has most of its

current assets in inventory and Net receivables. Packages ltd have very low amount in hand as compare to its current liability.

Sales to Working Capital = Sales / Average Working Capital

2008=3.91

2007=8.86

Sales to working capital give an indication of the turnover in working capital per year. A low working capital indicates

an unprofitable use of working capital.



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Debt Ratio = Total Liabilities / Share Holder Equity

2008=1.50

2007=1.54

Debt to Tangible Net Worth = Total Liabilities / (Share Holder Equity – Intangible Assets)

2008=1.50

2007=1.55

Net Profit Margin = (Net Income Before Minority Share of Earnings and . Nonrecurring Items) Net Sales

2008=0.14

2007=0.16

This ratio measures the profitability of the company. This measures of net income rupees, generated by the each

rupee. The Packages ltd have good profitability ratio.

Total Asset Turnover = Net Sales / Average Total Assets

2008=0.39

2007=0.36

Total assets turnover indicates the ability of the firm to generate sale using its assets. The Packages ltd has total

asset turnover 0.39 in 2008 and 0.36 in 2007.

Return on Assets = ( Net Income Before Minority Share of Earnings and Nonrecurring Items)



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Average Total Assets

2008=0.11

Return on assets measure the firm’s ability to utilize its assets to create profits by comparing with the assets that

generate the profit. Packages ltd has return on assets 0.11 in 2008 .

Operating Income Margin = Operating Income / Net Sales

2008=0.13

2007=. 0134

Sales to Fixed Assets = Net Sales / (Average Net Fixed Assets “Exclude Construction in Progress”)

2008=0.64

2007=0.60

Solution:Sale to fixed assets measures the firm’s ability to make productive use of its

property, plant, and equipment by generating sales Rupees.

Gross Profit Margin = Gross Profit / Net Sales

2008=0.19

2007=0.22

Gross profit margin tells us about the control on the cost of goods sold. Packages ltd has gross profit margin 19% in

2008 and 22% in 2007. It means company’s gross profit margin is decreases as compare to last fiscal year. This shows

the good control on the cost of goods sold. Gross profit margin predict about the profitability of the company.


2008 2007

2.242 2.618


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Degree of Financial Leverage = EBIT / EBT

2008=0.68

2007=0.66

Basic Earnings per Common Share = (Income – Preferred Dividend)/ . (Weighted Average Number of Common Shares

Outstanding)

2008=16.25

2007=19.68

------------------------------------------------------------------------------------------------------------

Book Value per Share = (Total Stock Holder Equity – Preferred Stock) / No. of Common Shares

2008=0.11

2007=0.09

------------------------------------------------------------------------------------------------------------

Asset Turnover = Net Sales / Average Assets

2008=0.70

2007=1.06

Return on Assets = Operating Income / Average Assets

2008=.04



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Cash flow Analysis

Operating cash floe to current maturity of long term debt and current notes payable = (operating cash

flow)/current maturity of LT debt and N/p

2008=174

2007=0.91

Operating cash flow to total debt=operating cash flow/total debt

2008=1.75

2007=1.23

Operating cash flow per share=operating cashflow-p.dividend/common share

2008=1.20

2007=0.45

Learning:-

From learning point of view this experience is very useful for me. I gain

a lot from this practice. During this session I have work Accounting software sage,

which is useful for me in my Paratical life. It enhances my knowledge in especially in

accounting and finance. So my MBA degree in finance got more worth. From this

working I have learn many other accounting software quick book and Peachtree. I

have work on all module of software such as customer, supplier , banks , nominal,

report and MIS.



www.uw.edu.pk

I maintain manual account as well so I got decent knowledge

related manual accounts maintains.

From learning point of view it put positive impact on my degree.

Observations



www.uw.edu.pk

3- Conclusions:



www.uw.edu.pk

Organization is working very well since past 30 years and the software

usage in managing proper account has increased the working efficiency and effective

data handling. I have been working in this company since last 3 years and I am

confident that I have learned much by working in this company. Handling of

accounts, their proper management is a special experience I gained in parallel with

having the know-how of running the business properly with creating fruitful results. I

can show my learning in a practical way by running my own successful business with

the hope of a bright future and the better financial results.

REFERENCES

Web source: www.power-track.com Annual reports of power Track



http://www.power-track.com/

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