Starco Fan

Starco Fan2013

INTERNSHIP REPORT ON STARCO FAN LIMITEDInternship Report submitted to the Faculty of Management & Administrative Sciences in Partial Fulfillment of the Requirements for the Degree of Master of Business Administration.

Program & Session: MBA (2011 to 2015)

UNIVERSITY OF GUJRAT

Date of Submission13.9.2013

Name of Program Coordinator ___________________Signature of Program Coordinator_________________

AcknowledgmentAll appreciation is for Almighty Allah the most merciful, gracious and beneficent who is entire source of all the knowledge and wisdom awarded to mankind. The entire prayers are forever in the name of Almighty Allah, who helped us in settings goals and objectives and blessed us to reach the destination. It will be unfair not to mention the name of person who helps us throughout the internship and assist us in understanding the concepts. So our special thanks go to Malik Izhar Hussain who is great source of inspiration for me. I am heartily thankful to all persons whose encouragement, guidance and support from the initial to the final level enable us to develop and understand of the internship Subject.

DEDICATIONI heartily Dedicated all the efforts to my Beloved elder Brother. Under their kind prayers, I am able to do all those things for which others dream ofI pay my special thanks to respectful and beloved teachers who make me able to do all efforts with courage.May Allah bless all those people, who guide us in every difficult and critical situation.

Table of contentsDetailsPage#

Executive summary05

Mission, Vision and quality policy06

Brief History 07

Certificate07

Nature of the organization08

Business volume08

Products lines09

PESTL Analysis10 & 11

Organization Hierarchy chart12

Number of employees13

Main offices13

Introduction of all departments13 & 20

Comments on the organization structure21

Brief introduction of internees office23

Details of supervisors23

Weekly timetable24 & 25

Details description of tasks26

Summary of learning27 & 28

Conclusion of the report29

SWOT Analysis30 & 31

Recommendations32 & 33

References34

Executive SummaryI enjoyed the work during the internship. There were minimal problems which I faced throughout my internship; in the early day of my internship I didnt know the system and processes of the company. All the things i can do in the internship for the instructions of my supervisor. The supervisors did not take into consideration my level or status. But at last I solved the problems in a few days. The internship was at a company called Starco fan. Gujrat is very popular through the fan industry. This company is a small scale company is Gujrat. Larger scale companies are G.F.C, Pak and Royal fan. This company did not have a separate department for working, all the department merged with one another. There was no existence of a H.R department. The C.E.O hired employees as and when the company needed. The C.E.O fired employees when the employees were not worked according to the company requirements.I spent a total of six weeks in the organization. I performed different types of activities in different departments of the company. I spent three weeks in the account department, two weeks in the sales department and last week in the purchasing department. In the account department, I completed tasks such as journalizing to the posting of the data. There are many books that are used in the account department. Local book, dealer book, general book, Labour book and bank book are used in this department. The receiving and paying books are used for cheques procedure. In the sales department, the gate pass are used. I prepared the gate pass with the help of dispatch. Working in the sales department was very simple.In the purchase department, local book are used for working.

Company introductionThis company is working with the name of U.I industries. There are different brand of fans in the U.I industries. Starco fan is the big brand of the U.I industries. There are many brands in the U.I industries i.e. N.B.S fan, Orient fan and Gulf fan. All other names of fans are brought by the U.I industries.Our professional engineers and employees are fully enthusiastic to manufacture the products of U.I Industries keeping in view international standard of quality in every single stage of production. The followings are the featured products categories of U.I Industries. There are try to increase his product line after the making a different type of products like washing machines, electric machines which are used for mixing the liquids.Mission:To satisfy the customers in a broad networkthrough manufacturing and deliveringthe newer, better, efficient and cost effective unique products of international quality and through best after sale services." Vision:To be a leader in the Home Electrical Appliancesthrough continuous research and development,venturing into newer horizons andcreating a striking brand image of our productsin domestic and international market.Quality policy:We are committed to creating satisfying customers by providing them with fault free products and services. We shall ensure quality by following well defined processes which are improved on continual basis. For this purpose the G.M. of the factory is also watch the worker which is working in the companys production department. The first priority of the company is to provide the quality products to his customer. Best quality raw material is brought from the best supplier of the fan industry. Just in time quality system is applied in the company. The material brought in the company on that time when the material is needed by the worker in the production department.

Brief HistoryStarco Fan Industry is a fast emerging name, providing highest quality in all kind of electric fans since 1987. With our in house specialists, you are guaranteed quality manufacturing at competitive prices. In 1997 we further strengthened our roots in fan industry by setting up a wire drawing and flat bar manufacturing unit. The products are mostly supplied to Fan Guard manufacturing units. We established a trading company and started supplying imported as well as local nickel chrome materials and Brighteners of Master electroplating and Briter in 2001.Certificate: It is the outcome of devotion and loyalty of our highly professional engineers and employees with quality that our products are certified and recognized by the Pakistan Standards and Quality Control Authority (PSQCA) and also by international authorities like European Conformity (CE Certification) and ISO 9001:2008 Pakistan Standards and Quality Control Authority: The Pakistan standards and quality control authority, under the ministry of science and technology, is the national standardization body. In performing its duties and functions, PSQCA is governed by the PSQCA act, 1996. PSQCA came into operation since 1st December 2000, working with 81 scientists/engineers and 254 supporting staff as self-finance organization, been given the task of not only formulation of Pakistan standards, but is also responsible for promulgation thereof. PSQCA is a member of International organization for standardization (ISO), International electro-technical commission (IEC), and International organization of legal metrology (OIML). PSQCA has also been established to advise the Government on standardization policies, programs and activities to promote industrial efficiency and development, as well as for consumer protection.European Conformity (CE Approved): CE certification is the only way that manufacturers can export products into the European Union. CE marking signifies that a particular product has passed a set number of criteria. This streamlines the importation and exportation of goods. CE marking is becoming an absolute necessity if you are a U.S. manufacturer--or a manufacturer from anywhere in the world. Each product will have a different series of tests--for example medical equipment has a different quality assurance guideline than household electrical equipment. High risk products will have to conform to a longer list of directives. It is very beneficial for manufacturers to obtain CE certification since it ensures that once the standards are met, they are free to distribute goods throughout the EU. ISO 9001: 2008: ISO (International Organization for Standardization) is the world's largest developer and publisher of International Standards. ISO is a network of the national standards institutes of 163 countries, one member per country, with a Central Secretariat in Geneva, Switzerland, that coordinates the system. ISO is a non-governmental organization that forms a bridge between the public and private sectors. On the one hand, many of its member institutes are part of the governmental structure of their countries, or are mandated by their government. On the other hand, other members have their roots uniquely in the private sector, having been set up by national partnerships of industry associations.Nature of the organization:This business nature is manufacturing. It provides finished goods to its dealers.Business Volume:This business is of small level which makes product both at local as well as international level.

Product linesOur professional engineers and employees are fully enthusiastic to manufacture the products of U.I Industries keeping in view international standard of quality in every single stage of production. The followings are the featured products categories of U.I Industries. Kindly click any of your desired Products Category to view in detail.

PEST AnalysisPEST analysis is concerned with macro environmental framework used to understand the impact of external factors on strategic development of a business. These external factors are political, economic, social and technological.Political:Political factors have direct influence on an organization. Political instability in any country has direct impact on its industrial sector. When any new government/party is set to rule they introduce some tariffs which are in favor to them. These changes in policies on government level can affect a business to great extent.In previous days terrorism is a major political drawback of the country. It is also a threat to any organization that they have to spend millions of rupees on their security purpose.Energy crisis really damage industries in Pakistan. There is shortfall of thousands of Megawatts shown in summer season and load shedding hours reach up to 6 to 8 hours a day. To use alternatives of energy like generators increase cost up to great extent. Economic factors:Economic factors have direct impact on any organization. Due to high rate of inflation in the country, prices of raw material increasing rapidly. Its hard for any organization to buy raw material at higher price and sell the finished goods at lower prices with quality assurance. Unemployment is also a major economic factor. Because of this evil buying power of public reduce to great extent. Along with energy crisis prices of electricity and Sui gas are increased very much and cost of manufacturing a fan increased as well. Social Factors:Organization only exists until people like its products or services. Social factors can influence any organization up to great extent. Now a day there is a demand of battery charging fans because of when there is no electricity general public use these fans because of its less electricity consuming function. Starco fan made this type of fans. Technological Factors: Technological factors also influence a lot on a business functions. As technological changes are occurring on rapid basis company has to adopt newest technology to remain in competition and sustain its competitive advantage. Starco fan is serving its customers with latest technological and quality products. Starco fans research and development department is striving to introduce something new in market. Legal factors:Starco fan is ISO registered firm and fulfill his corporate his social responsibility. This firm is also registered from PSQCA and EUROPEAN CONFORMITY. This organization is fulfills all the legal requirements of Pakistani govt. when he export to other countries of the world. Large tariff rate is paid to the Pakistani govt. when he exports to the other countries this is also a legal requirement of Pakistani govt. which he fulfills.

Organizational structureOrganizational Hierarchy Chart:

C.E.O: Malik Ijaz Hussain Production Manager: Malik Izhar Hussain Finance Manager: Malik ArslanPurchase officer: Mr Muhammad TariqSales officer: Mr Muhammad QasimAccount officer: Mr Muhammad ImtiyazQuality Controller: Mr BashirSupervisor: Mr MubasharExport officer: Mr Mubashar and Muhammad Pervaiz

Number of employees:There are at least hundred employees in this company. They have account department, purchase department, sales department and production department.

Introduction of all DepartmentsAccount Department:There is an account department in the Starco fan company. Firstly data is collected manually then data is converted into computerized form. They have installed software in their system that software is called global world software. Incoming and out coming amounts are noted in a book manually which book is called day book. This day book is of so much importance. Records of daily work are noted in this book roughly. Remarks and important things are also written in this book by finance manager. These instructions are delivered to the employees by the time. This rough data is converted into finer one by the account manager in the book. That book which is called general journal book.There are different books are used for different data e.g.: Labour book, General journal book, Dealer book, Local book, and bank book. Mr. Ali, who is headed in the department. He writes this final data into its respective book, which is called posting.General journal book:Dr and Cr are noted separately in the general journal book. All the data are recorded in the general journal book from the day book. In the day book data are recorded roughly but in the general journal book same data are recorded in the finer form. All the data are recorded manually and according to the rule of Dr and Cr. The data is saved in the book according to the date wise. In the general journal book the Dr is written with the name of Banam and Cr is written with the name of Jamaa.Labour Book:Now we will discuss labour book in detail. Accounts of all labour listed there in the book separately. There are almost hundred people working there as labour. Details of the salaries of the employees are listed their respective account. Data which is written in labour book is taken from the general journal book.

This process is called posting. All the posting of data are on daily basis. There are two types of labour which salaries are given on daily on daily and monthly basis. Type one is given salaries on the daily basis and types two is given salaries on monthly basis.General Book:Now we will discuss the general book. All the expenses are listed in this book. There are different categories in this book. They wrote different expenses in their respective category. All the expenses are recorded in the Dr Side of the general book in their respective account. All data which are written in the general book are taken from the general journal book. When the expense is occur it is written in the Dr side of the general book. If the expense is recovered then it is written in the Cr side of the general book. When we are posting the expense in respective account then along with us totaled of the all previous amounts in the previous date.There is a category of incoming amounts in this general book. All the incoming amounts are written in this book. There is a cash sale book which is used during the sale of fans in the outlet for general customers. The outlet is in the company. This sale book is not used for orders their dealers. We took this data from the cash sale book and wrote it into the day book. Then this data transfer to general journal book and then transferred to general book. We did the verification of the data from the cash sale book. There is discount for their labour. They wrote that discount in the data also. In the general book all sales of fan recorded in the Cr Side in the account of cash sale of fan. The date is written, amount and also serial number are written in the general book when we are posting. The serial number is taken from the cash sale of fan book.Dealer Book:Now we will discuss most important book which is called dealer book. Details of all customers are written in this book. The people who are purchased directly from the company this is called dealer. This company has many dealers through out of the country and the foreign. Discount levels are different from every dealer.The dealer who purchases fans on daily basis got high discount rather than those who purchase monthly basis. All dealers have separate file of their account. In this file all details of purchases of fans on the date wise, and amounts received are also recorded in the file. The entire document which is related to the specific dealer is also saved in this file. Local Book:Now we will discuss a book which is called local book. This company purchases raw material from vendors. Details regarding these vendors are written in this local book. Most of the vendors of this company are from Gujrat, Gujranwala and Lahore. They wrote details of the bills of those vendors in their respective account in this book.Bank Book:Now we will discuss the book which is called bank book. They have different accounts of different banks in this book. Records of cash and petty cash are written in this bank book. Those cheques which are collected by the company, it is written in the Dr Side of this respective bank account. Those cheques which are paid by the company, it is written in the Cr side of the specific bank account. There are two other books which are related to the bank book. They are called receiving and paying book.When the cheque is received by the company, firstly the cheque is recorded in the book which specially prepare for the cheques. All the details about the cheque is recorded in this book. Then we make payment through cheque, we are recorded the name of the party in front of this specific cheque which cheque is delivered. The party is the vendors of the company .Now we will discuss the receiving book. The details of cheques which are received by the dealers are written in this book. There are some important things are written in the receiving book which is related to the cheque. The name of the party which the cheque is received, date, amount of the cheque and also cheque number are written. There is another book in which details of the cheques are written on the monthly basis. Through this book company can verify the cheques.

This company normally doesnt cash these cheques which are received. Now we will discuss the paying book. These cheques are delivered to the other parties to whom company have to pay the money. These parties are also called vendors of the company. The information of these cheques is written in this paying book. The details of cheques which are paid to the vendors are written in this book. In this way cash receiving and paying procedure is completed.Sales Department:Muhammad Qasim is the sales officer of the company. His qualification is M.Sc Accounting and finance. Orders are received by this person who is normally by phone. If the company already has that order in its store room then that the incharge of the storeroom will make a dispatch. Mr. Shaheen is the incharge of the storeroom. This dispatch contains the numbers of fans which are being moved from storeroom to the truck.The incharge will give dispatch to the sales person. Sales person will make a gate pass. There are two types of gate passes. One is the special gate pass and another is the normal gate pass. If the order is big then the special gate pass is used. If the order is small then the normal gate pass is used. After making the gate pass the sales officer will go to the C.E.O of the company. C.E.O of the company will sign on the gate pass. Then the truck will move towards its destination.There are there copies of gate pass with three different colours i.e. yellow, white and off white. One copy of gate pass is given to the truck driver. One copy of this gate pass, dispatch and the bill of the order is saved in this particular dealers file for further processing. One copy bill and copy of bulti of order is transfer to the dealer through courier service. Sales officer will transfer this manual data in to a computer through software. This information in the dealer books and computer should be same.

Sales return: If the is any fault in the delivered order. Those returned fans are received by the incharge of the storeroom. The details of these returns fans and copy of bulti also received which is sent by the dealer. Company replaces those fans with new ones and again send new fan to the dealer.Export status:It is a very distinctive achievement of Starco Fans in a short span of time that Starco Fans not only certified and recognized by the international quality authorities (ISO and CE Approved) but also well worldwide received and demanded especially in the regions; Middle East, Africa and Asia. It signifies the recognition and acceptability of our exceptionally standard quality products and after-sale-services in a broad network.Our honorable international consumers are using our quality products with full contentment and integrity due to having life time guarantee, attached to our wide range of Ceiling Fans, Pedestal Fans, Louver Fans, Wall Bracket Fans and Exhaust Fans. Their belief on our cherished products and after sale services remarkably differentiates us from our competitors and; thus creating a striking brand image of our products in domestic and international market.Our professional management, marketing and export team is very enthusiastic to extend the exports of Starco Fans in all over the world through influential marketing strategy for international market and meeting the global demand and need for quality products for all environments.Purchase department:Muhammad Tariq is the purchase officer. His qualification is B.com. In manufacturing business, purchase department have many importance. Because department has provided raw material to the production department. Raw material is the base of the quality. If the raw material is good quality then finished goods are produced according to the quality. In Starco fan, the raw material is normally purchased from inside or outside the city. The company purchases its material from Gujrat, Gujranwala and the market of Lahore. When company need of raw material then the purchase officer will calls to the specific vendor. All desired material is written by the other party. The vendors company sent the bill of order and copy of bulit which are received. The raw material is collected by the incharge of the storeroom. The person of storeroom checks the material if the material is according to the requirement then accepted. If the material is not according to our order then it is rejected. When the material is accepted then material is sent to the factory for the production. The copy of bill and bulti are saved in the specific vendors file by the purchase officer. The balance of local of specific vendor and file balance should be same.Purchase return:When the material is not according to the order then it is returned. If there are any defects in the material then it is returned to the specific vendor. The copy of details of raw material and copy of bulti are sent to the vendor. In a few days, the vendor sent the material according to the requirement.Production department:The production manager of the company is Mr. Izhar. His qualification is B.com.Starco Fan management:Working force of the U.I industries consists of fanatical and loyal skilled team of our professional engineers and employees who are fully committed to manufacture the automobile products keeping in view international standard of quality in every single stage of production. The computer aided processes and latest technological machines are used to manufacture and assemble all of the models at the same time, thus allowing the demand for the whole range to be met without delay. The entire computer aided process of production and our loyal experts remarkably differentiate us from our competitors.

The production of Starco Fans is carried-out vast area of factory where our professional engineers and employees are fully committed to manufacture the products of Starco Fans, keeping in view international standard of quality in every single stage of production. The computer aided processes and latest technological machines are used to manufacture and assemble all of the models at the same time, thus allowing the demand for the whole range to be met without delay.The management has designed the production process that is highly flexible, allowing different models, sizes, colors for domestic and international markets, to be assembled in sequence. This entails considerable integration and co-ordination of the different manufacturing areas to ensure that components and sub-assemblies are at their correct stations along the production line at the right time and can be sequence fed straight into the assembly line.All the production units are fully incorporated with each other. The production management and engineers continuously control and supervise each process of production in order to maintain the high quality according to product design and need. The entire process of product design & manufacturing is a world class, seamless, computer aided process, where the computer work stations & the machines are networked on a dedicated Ethernet network. This enables us to have full in-house control on the product and process technologies. The management places a great emphasis on its staff, the lifeblood of the company, and a great deal of effort goes into ensuring the right people are doing the right jobs.

Production processIn fan industry there are different steps are use in fan manufacturing which are given below1. WINDING: Winder winds motor body which are called a stator in which winders with help of machine give specific turns to wires through turn machine in which give number of turns to machine then machine give a require number of turns to wirer and make coils winders these coils fit in body then this part called a stator, coils fit in body slots through paper and cotton tape and also it soldering for circuit take this part for varnishing for insulating his body to safe a wire from shortage of circuit.2. ASSEMBLING: Firstly assemble a motor body after take stator from varnishing and close stator, rotters, bearings, and capacitor, upper and lower cover with screws and heck his specific wattage which is require for specific model like ceiling fan and pedestal fan with help of watt meter.3. FITTING: In which motor fit on rods with his blades, frames and foot and then to test they operate according to his requirement and then give for paints, before send for paints in which blades press after the use of press machine.4. Paints: At this stage organization decide a different colors use for different models where painters give paint to fan bodies and finally give for packing in this departments use on different electric pumps which are helpful in paints the plans and also in which use heat for the making colors strength.

5. Packing: In which use a paper and different type material like yarn and others there are different packing for pedestal and ceiling fan before packing check fan through frequency meters that fan operate in according to his requirement .in packing department they use a different type of machines are used for packing like tape packing means after packing they use hold the total packing body. 6. Store room:In this industry store room play major role because provide all these inputs in time .it is possible when all these products are in proper alignment so they have record all these things in computer system where they use excel for to record it. During internship I noted some inputs parts where is the basic parts of the fan which are given below. CAPACITOR BEARINGS Rotors Winding wire (coils) Wires for supply MOTOR BODY, DIFFEERENT SIZE OF SECREW, RODS HIS FOOT, Cotton Tape, FAN FRAME and Machinery use to Rotate Fan Also store keeper is responsible to arrange all these parts in proper space where they manage in such manner where these parts are secure.

Comments on organizational structureNo alignment:In this fan industry there are no alignment among the different type of department o they cause delay in different of work and also there have no planning to allyThe different type department like production department aligns with store room which reduces in taking all the raw material. No use of engineering:In this industry there are no use of proper engineering lie no mechanical and electrical engineers use in this industry so they cause some time majors type of fault which are not easily troubleshoot so the delay in production and all the work.Hire illiterate employees:Most of workers are hire in this industry are low level qualified means only employees have experience and no have high qualified degree in practical work like mechanical engineering and electrical engineering and other.No proper lighting:In industry there are different areas which are dark means no light exist so they have different shape and some time because to create problems like to search out any require things which have need at this time.Nepotism: If there is a vacancy in the factory then the owner give preference to his relatives.

Part#2

Work done by meBrief introduction of internees office:I worked in the account department of the Starco fan. The Starco fan is located in the site of area Gujrat. The site area is the industrial area of the Gujrat.Starting Date: 11-07-2013Ending Date: 20-08-2013Details of supervisors:Mr. Imtiyaz is the account officer. It is the manual work is done in the account department. I worked three weeks in the account department. Accounts works is very complicated. Mr.Qasim is the sales officer in the Starco fan. His qualification is M.Sc. I worked in the sales department for two weeks. I learnt so many things about the work of sale. There are both type of the work done by the sales officer. Manual work and computerized work are done by this department.Mr. Tariq is the purchase officer in the company. I worked in the purchase department for one week. I learnt the overview about the purchase of raw material of the company.

Weekly timetableFollowing are the schedule or time table of mine at work place, which contains the summary of my activities and task performed.

I spent first three weeks of my internship in the account department. In the first three days, I see the work of the account officer. The person work done and also explained me how this work are done. There are many books are used in the account department. At the start, I remembered the books name.In the second week, I worked by my hand in the account department. I am transferred the rough data of the day book to the general journal book. This work is called journalizing. The details of the account, his amount are written. When we recorded the data, the side is also checked. There are two sides in the general journal book one is called Dr Side and second is called Cr side. In the third week of my internship, I am also worked in the account department because the account department works are so much complicated. There is another reason because my specialization in master of commerce in accounts. In this week, I am trained in the accounts works.Mr. Imtiyaz Sb.Account officer:Signature and Stamp:

In the fourth week, I came in the sales department of the company. The sales work of company so much simple. In this, we worked only the dealer book. Dealer book are having all the information about the customers of the Starco fan. The customers are also called Dealer. I learnt about the gate pass which is used in the sales department.In the fifth week of my training, I learnt about the sales return procedure of the company. During this week, I learnt about the software which is used by the data entry. The software name is Global world software. Through this software we saved all the data of the company in the computerized shape.Mr. Qasim Sb.Sales officer:Signature and Stamp:

In the last week of my internship, I moved in the purchase department of the Starco fan. During this week, we learnt the overview of the purchase department. The purchase department is related to the book which book is called local book. This book is having all the information about the vendors. Mr. Tariq SbPurchase officer:Signature and Stamp:

First WeekDateDepartmentActivities

1st Sep,2012Account departmentAt the first day of my internship, the companys appointed officer said me Welcome and also told me a brief introduction about the Starco Fans.

2nd Sep,2012Cash departmentJournal entry in voucherHe introduced me about the different procedures that are required for cash dealings. And said us to record their daily transactions of their dealings in the form of entries. These entries were different nature like as of purchase and sale of every outgoing and incoming stock.

3rd Sep,2012Cash departmentJournal entry in books of companyIn this day he told me the books of company, which they make manual record for checking department like tax. He told me the voucher entry is record in books like purchase with sale tax and then mentions in credit which company they are purchasing, Chenab particle board.

4th Sep,2012Ledger postingThis day he told me the company is posting each entry is carefully in ledger. As we know we post each entry for betterment classifying in ledger. I daily gave some time to record journal entry in journal and ledger.

5th Sep,2012Purchase invoiceThis day he told me the purchase invoice, they make daily transaction invoice. Purchase invoice is that invoice as show name which material we purchase from supplier. In this invoice quantity of material purchase and then describe where we purchase and show unit price, value of exclusive sale tax and rate of sale tax.

6th Sep ,2012Sale invoiceThis day he told me about sale invoice .in this invoice they show customer name, proper address of company, sale tax register number ,quantity of sale, sale tax rate and exclusive sale tax

Second WeekDateDepartmentActivities

8th Sep, 2012SoftwareMozilla pro foxThis weak he told me about software, how to use the software and how make entry in software. The special feature related to the account department is the learning of Mozilla. It is software in which I learned the following seven terms which were used in it Transaction, Printing, Production, Tax report, Report, Account, Final report, Management and Special.

9th Sep,2012Transaction Printing This day he told me about how the transaction enter in software and which entry make in software. In transaction the below entry make in software transaction partPurchase entry, General account entry, Cash and bank entry, Bank charges, Purchase correction, Sale correction and Sale and purchase return correction entry.PrintingIn printing section I learned following Invoice printing, Goods received invoice, Sale & purchase return invoices, Out gate pass invoices, Invoice list, Sale and purchase register Excel file and Sale and purchase return register

10th Sep,2012ProductionI learned all types of transaction related to the production department.Production entries, Finish to Raw transfer, Scrap to raw transfer, Scrap to finish transfer, Detail of production

Tax reportI leaned all applications of taxation in the Mozilla. Following are included in the tax report:Purchase register with sale tax, Supply register, Purchase return register, Purchases register special excise duty (SED), Stock register Raw material, Stock material, Summary of invoices and Summary of sum of purchase invoice

11th Sep,2012ReportIn report I came to know about the following things:Purchase of an item, Sale of an item, Purchase from a supplier, Sale to a third party, Purchase from A party, Sale to A party, Yearly sale analysis, Yearly production analysis, Yearly consumption analysisAccountsI came to know about the following terms after learning about the Accounts: General entry General listing Account history Detail account history Account historyFinal reportAfter studying about the final reports I learned the following: Trial balance Trial balance detail Trial balance of Master level

12thSep, 2012 ManagementManagement is basically related to the software. I learned the following points: Accounts codes related Product opening balance & rate Raw code ratingSpecialAfter receiving knowledge about special I came to know about: Amount search

Third WeekDateDepartment Activities

14th Sep, 2012Production Department After completed my work in account department they referred me to production department. Mr.umer fayyaz gave introduction about him. He told me he is operation and production manager and got education from north America in specializes in operation management. He gave me little bit information about department. In production department, I visited it and came to known that different types of machineries are used in the production.

15th Sep, 2012 Production DepartmentAt this day. He sent me within his secretary to know for the visit of the company to gain information about it..

16th Sep,2012 Production department This day he told me about machine. And I personally visit and stay in all department and production area.

17th Sep, 2012 Machines +Polish departmentThis day he told me about dov cutter which is used for resizing amortization and also I visit in assembling department.

Fourth WeekDateDepartment Activities

19th Sep,2012Human resource departmentMuhammad Ali Riaz said us welcome in the human resource department as the manager of HR department. He gave me the general introduction of this department. He told me the recruitment process of company

20th Sep,2012Human resource DepartmentAt this day I was staying again in the human resource department. They hire 5 employees in their organization during my internship..

21st Sep,2012Human resourceManagementsalary policyThis day he told the salary policy, how they pay salary to employees. He told me they have not proper policy they are paying to some employees.

22ndSep, 2012Marketing departmentThis day I visit marketing department this is not a proper department, which is being managed by the marketing Manager Ali Mirza.

23rd Sep, 2012Marketing departmentThis day was very interesting, because the Ali Mirza told me the method by which the advertisement is prepared. Here one other thing through which I got an experience of practical.

24th Sep,2012 Meeting with AuditorAt this day, I got a chance to sit in their auditors meeting. Their work was checked, some faults were discovered along with some appreciation.

Fifth WeekDateDepartment Activities

26th Sep, 2012Design departmentIt was fifth week of my internship, in which I was having some information about the design department of Starco Fan.

27thSep,2012Design departmentI leaned the software which was named as Autocat. I learned how this software works out. Following tools were commonly used in this software.

28thSep, 2012Design department

At this day, after demands, they told that when customer places his order then they come firstly in the design department.

29thSep ,2012Material departmentAt this day I met with Mr. Muhammad Asghar who was the manager of material department. He told me about the quality of raw material, he also told me suppliers who were trustable.

30thSep,2012Material departmentAt this day I learnt about the all types of materials that are used in the production of furniture, especially wood, Polish, fabrication, nuts and bolts etc. they were having the suppliers of all the types of material. They have mostly permanent suppliers.

Sixth WeekDateDepartmentActivities

1st Oct,2012 ManagementIt was the last week of my internship when I have a complete knowledge about all the production process. At this day I spent with the management. They told me about the hierarchy; financial structure, history, and all that type of information which i need in my internship report, but these were missing.

2nd Oct ,2012 ManagementAt this day, I analyzed the financial structure of the last 2 years that the company was going in what position. I analyzed the debt, equity, liquidity, asset, liabilities, expenditures and revenues.

3rd Oct ,2012 ManagementIt was too much good experience which I learned here. I said them to prepare my internship letter. I received and came back.

Details Description of tasksFirstly we performed account work. In which we studied different account book and also my supervisors give me guidance how to perform work. And also give me some documents to perform a work of verifying. We verify a cheque we had received and maintain records manually these cheques. And also to perform work cheque payments which paid and also record in the cheque book. There is also separate account of labor and transfer data in the labor book. Local book have all the vendor accounts.Sales departmentIn the sales department with the help of dispatch receipt and I made gate pass. The dispatch is made by the store man of the company. The copy of the bill is sent to the dealer through courier service. And one copy of bill, one copy of bulti is attached in the file of relevant dealer. I did this work in the sales dept.Purchase departmentThe purchase department is responsible for the smooth working in the factory I transfer the data in the local book. I also verify the balance of the software and local book.

Summary of learningWhat skills and qualifications you think that you have gained from the internship?I gained so many things during my internship. I learnt the method of talking as the professional people are talked. I learnt so many things through my observations. I learnt the professional dressing is dressed. This type of dressing is the requirement of the market. What kind of responsibilities you have undertaken during the internship period?Firstly we performed account work. In which we studied different account book and also my supervisors give me guidance how to perform work. And also give me some documents to perform a work of verifying. We verify a cheque we had received and maintain records manually these cheques. And also to perform work cheque payments which paid and also record in the cheque book. How do you think the internship will influence your future career plans?Yes, I thought that this internship will influence my future career plan. We knew that the practical life is not easy. The modern age is having so much competition as compare to early age. The practical life is given value to the experienced person. We got experience of one and half month. The experience is so much value in the practical life. Education is much value but I thought that experience is more value as compare to the education.And also in our region there are more fan industry are exist so after internship I want to start my job career in any fan industry so this internship provide a first step to increase my confidence for future job career and without hesitation I can apply for the job in fan industry.How do you think the internship activities that you carried are correlated with your classroom knowledge?During internship I had also observed that there are no different in practical work which about already had study in our books but work perform according to business nature means the roots and bases behind the things which had studied like I am the student of account in industry maintain different accounts related to different transaction after the collection of information which are the main source in industry of the information is voucher system.Also observed during internship that the how the change his behavior in different type situation which had studied in different books and also work and reporting to his higher authority system. I study total quality management which had studied already but how to do in industry it is possible during my internship like how to make standard in internal organization an also how to conduct a reporting system for the managing the quality.

Conclusions of the reportSummary of key conclusion:In the first day of my internship in the Starco fan, I felt fear about the new environment, new people, place and everything is new. It is my first time to enter in the professional life as an internee. The time spent on the new people then the friendly environment is created. After the three day, I knew about the people attitudes, behavior and habits through my observation. Then I am enjoyed in my internship work. Time is so much importance of our life. Time begins the change the situation between the fearer conditions to the enjoyed environment.During internship also I had observed that in professional field all the work even firm is small and big is done with proper channels and all the people perform work in proper departmentalization which cause the work done in good line and also everybody is responsible for his work and also made proper documentation in which strive to maintains all the things which are necessary.General observation about the sectorIn fan industry have more growth because due to changing in weather condition according to my point of view there are sudden changing take place in this era. There is change weather in hot conditioning so there are more chances to increase demand in other regions.For the fan industry there is no use complicated technology and machines so these type of business less costly and increase hi production is possible.Due to electricity short fall there are large different type of problems are exist it also control after the purchasing of electricity generators which are manage after the making the proper planning.

In sector can easily manufacture other products means we can increase his product line like washing machines and other which are mention in product line. This sector is growing so fast as compared to other industrial sector of the country. This sector also provides a great foreign currency to our country which can increase the currency rate of our country.

SWOT AnalysisIt is very important for any organization to know about its strengths, weaknesses, opportunities and threats to compete in the industry. So, by the help of environmental analysis and organizational structure I can find out the opportunities and threats and strengths and weaknesses. Strengths: Low cost Experience of owner In management they involve family member Young people hire as a workerWeakness: Overburden on employees. No innovation. Low capital. Lack of policy. Badly performance of management. Old methods of solving problems. No investment research and development

Opportunity: Environment changes Establishment of brands in the export market Increase in demand due to increase in population WTO allows to more exports Location Engineering institutes

Demand in Europe Due to rapid change in weather Cheap labour Supplier exist in local marketThreats: Corruption Rise in prices of raw material Major fan markets Japan Korea and India Technology shifts Negative image of Pakistan Fan substitutes Low entry and exist problem Economics crises People focus on imported products Large competition Change in govt. policies Change in international quality rules and regulations

RecommendationsDuring my internship I have seen many problems and I have some solutions of the problems in the Starco fan company. The working environment are so much struck, there should be friendly environment are created in the company. There is no separate department in the Starco fan; there must be separate department in the company. The Salaries of office staff are low as compare to their works. The staff is not satisfied with the package of pay. There is no existence of HR department. There should be HR department in the company. There is overburden of work on the employees. There should burden of work on employees according to the standard. In the Starco fan there is almost manual system adopted. There should be adopted complete computerized system. There is no R&D department in the company. The company should invest in the department for the future outcome. There is less commitment among the employees. We should work for the problems among the employees. Top management should be awarded the bonuses for the best performance of the employees on the month. There is no policy of promotion in the company. There should be proper policy of promotion in the company through the policy the employees are so much confident about the job. There is no arrangement of food facility in the company; there should be a canteen in the company for the employees in this way time of worker working in production dept. is saved. The company is follows the centralized system, the company should follows the decentralized system. Because the employees are the backbone of the company.

The suggestions of employees should be included in the decision making. There is no marketing of the products; there should be markets of the new style of the products. There is less advertisement of the products; there should be separate budget of the advertisement of the new products. The area of Gujrat should be capture by the company. The company has already export of products; the volume of exports should be increased. Because through exports the company earned more profit. In this fan industry also have no quality department only have checkers according to my point of view they establish quality department which have his management system which also have own documentation and reporting system because they want it increase his product line if they not to establish then they bearer heavy losses in different shapes like wastage of raw material, and also there are large number of goods return from the dealers which cause to flap deferent products which have already more expenses. If there is a good room for the staff working in the company then the time of staff also saves. Worker also face some difficulty when they come at work in the morning time because gate keeper check them and he take more time you also trust on your employee. Bonus and salary schedule is also provided to the worker before giving them these things. Worker is not awarded as they work very hardly and honestly. If there is proper communication in the whole factory then the time of all dept is also saving.

References www.starco.com.pk, Retrieved August 1, 2013, from http://www.starco.com.pk/company/certifications.htm www.starco.com.pk, Retrieved August 4, 2013, from http://www.starco.com.pk/company/production.htm www.starco.com.pk, Retrieved August 9, 2013, from http://www.starco.com.pk/company/management.htm www.starco.com.pk, Retrieved August 15, 2013, from http://www.starco.com.pk/index.htm www.starco.com.pk, Retrieved August 20, 2013, from http://www.starco.com.pk/products/index.htm Business Administration (MBA)Page 3