Internship Report - PEL

8/4/2019 Internship Report - PEL

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INTRODUCTION


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Mr. Javed Mehmood Dar (NBP Nominee U/S182 of the Ordinance)

Mr. Nausherwan Adil (NBP Nominee U/S182 of the Ordinance)

Audit Committee

Mr. M. Azam Saigol

Mr. Shahid Sethi

Mr. Homaeer Waheed

Company Secretary

Sheikh Muhammad Shakeel

Chief Financial Officer

Syed Manzar Hassan ACA

Auditors

M/S Manzoor Hussain Mir & Co.

Chartered Accountants

Bankers (in alphabetical order)

Faysal Bank Limited

National Bank of Pakistan

Union Bank Limited

United Bank Limited


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Registered Office

06-Egerton Road Lahore

Tel: 6306131-5 (5 Lines)

Fax # 6368699

E-Mai:[email protected]

Works:

14-KM Ferozepur Road Lahore

Tel: 5811951-9 (7 Lines)
mailto:Shares@saigolsmailto:Shares@saigolsmailto:Shares@saigolsmailto:Shares@saigols


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A Brief Group Profile.


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INTRODUCTION TO SAIGOL GROUP

In 1948, the Saigols migrated from Calcutta and initiated their business in Lyallpur (later

named to as Faisalabad), the textile city of Pakistan, under the banner of Kohinoor

Industries Limited.

The SAIGOL GROUP is one of the leading industrial groups in Pakistan. The Saigol Group belongs to

the Saigol Family, which is an old business family and has contributed a lot towards Pakistans

industrial development. Saigol Group remains a leading and forward-looking group and believes in

continuous development and growth. The result is a global business activity monitored through

various offices worldwide. They are serving nation in diversified business activities in the fields of:

Textiles

Engineering

Banking And Finance

Fuel And Energy

Trading

Automobiles.

SAIGOL GROUP OF COMPANIES

Textile

Azam Textile Mills Ltd. 06-Egerton Road, Lahore

Saritow Spinning Mills Ltd. 06-Egerton Road, Lahore

Fuel & Energy

Kohinoor Power Co. Ltd. Kohinoor Nagar, Faisalabad

Kohinoor Energy Ltd. 06-Egerton Road, Lahore

Engineering

Pak Elektron Ltd.1 14km, Ferozepur Road, Lahore


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PEL 2 21 km, ferozepur road Qasoor

Banking & Finance

Union Bank Ltd. 06-Egerton Road, Lahore

Union Leasing Ltd. 07-Egerton Road, Lahore

Trading

Saritow Pakistan Ltd. 06-Egerton Road, Lahore

Saigol Computer Ltd. 162-Shadman Colony, Lahore

Automobiles

Kohinoor Motor Works Ltd. 07-Egerton Road, Lahore

Kohinoor Textile Mills

The Saigols set up the first major textile unit - The Kohinoor Textile Mills underthe umbrella of Kohinoor Industries Limited. The Kohinoor Textile Mill has state-

of-the-art quality control from raw material to finished product manufacturing. Its

laboratory is top rated amongst the best laboratories in Pakistan for testing of

textile raw materials, other inputs and yarn.

Initial Capacity:25,000 spindles

Current Capacity: 71,648 spindles

Pak Elektron Limited (PEL)


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In 1978, the Saigol Group of Companies purchased major shares of Pak Elektron

Limited. At that juncture, the company was only manufacturing transformers and

switchgears. With the Saigols in management, PEL started expanding its product range

by entering into Air Conditioner manufacturing.

The PEL Group comprises two divisions

Appliances Division

Power Division

Appliances Division

PELs Appliances Division is the flag carrier of the Saigol Group. This Division of PEL

consists of home appliances manufacturing.

In 1981,PEL window type air conditioners were introduced in technical collaboration

with General Corporation of Japan.

In 1986-87, the company started manufacturing of refrigerators in technical

collaboration with M/s IAR-SILTAL of Italy.

In 1987, PEL deep freezers were also introduced in technical collaboration with M/s

Ariston of Italy.

In 2006, the Company has started manufacturing of split type air conditioners of various

capacities as the customer choice has shifted from window type to split type air

conditioners. The product has received good response from the market, which

encourages the company to multiply its production in the coming years.

Today, PEL has become a household name. Its products are not only in great demand

in the local market but the Company has also started exporting its appliances to foreign

markets.


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Kohinoor Energy Limited

1995, another power unit, Kohinoor Energy Limited, was established. Kohinoor

Power Limited is a 120 MW power plant located on the outskirts of the city of

Lahore. This project has an annual turnover of $80 million.


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HISTORY

PAK ELEKTRON LIMITED was set up in 1956 as a joint venture with one of the largest

and renowned manufacturers of electrical equipment Messrs. AEG of West Germany for

manufacturing Transformers, Switchgears and Electric Motors etc. The entire job ofmachinery requirements and layout of the factory building was planned and

implemented by AEG who produced very well balanced facility for the design and

manufacture of the above equipment and the commercial production was commenced

on 22 November 1956.

Up to 1962, when AEG finally phased out, the designing and manufacturing of all

equipment was carried out jointly by AEG experts and PEL personnel. PEL staff, in the

meantime, had received specialized training in USA and West Germany which enabled

PEL to establish itself as the leading manufacturers of electrical equipment in the

country with an excellent reputation for high quality and thus PEL came to be known as

"THE QUALITY CONSCIOUS COMPANY".

After conclusion of agreement with AEG, total share holding of AEG was purchased by

the then sponsors - Malik Brothers. The production continued with AEG designs with

much greater emphasis on the quality and reliability of the products which earned

unique distinction of supplying electrical equipment to projects of paramount national

importance like Mangla Dam and Tarbela Dam Projects. PEL equipment was approved

by consultants of international repute including Preece Cardew & Rider (England),

Binnie & Partners (England), Harza Engineering International (USA) and Miner & Miner

International Inc. (USA).

The majority shares were acquired from Malik Brothers by Saigol Group on 11 October

1978 and immediately on takeover the new management chalked out both long term

and short term plans to put the company back on the path of progress. As a part of first

phase of its BMR Programmer the new management injected the additional working

capital of Rupees 8.98 million and Bridge Loan of Rupees 7.50 million (against the

public issue of its shares) was provided by the ICP-led Consortium. As a part of long


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term plans, the manufacturing of window type Air conditioners was taken up in 1981 and

was immediately established for quality.

The company launched the second phase of its BMR and expansion of the existing

product line in the year 1987 and imported machinery for the manufacture ofRefrigerators and Deep-freezers for a total value of Rupees 22.11 million. For the

project National Bank of Pakistan - the leading bank of the company provided the

financing. Like Air conditioners these products have also been well received by the local

market which speaks highly of the confidence the consumer has developed in the

quality products manufactured by the company.

During the year 1990 the company had signed an agreement with Messrs HITACHI of

Japan for the manufacture of Vacuum Circuit Breakers.

The company has entered into an agreement with Pakistan Industrial Credit and

Investment Corporation (PICIC) for a foreign currency as well as local currency loan of

Rupees 25 million for the expansion, balancing, modernization and replacement of the

existing plant. The machinery has come into operation in October 1991 and with the

balancing, modernization and replacement of machinery, the production capacity of

Refrigerator Section will reach a level of 252,450 cubic feet.

The management of the Company decided to further expand its operation by

establishing a plant for the manufacture of compressors for refrigerators and deep

freezers. The technical know-how agreement has been signed with M/S NECCHI

Compressors, Italy for the assembly and progressive manufacturing of compressors for

refrigerators and deep freezers.

Pak Electrons Limited is known for its continuous research and development and

transfer of technology from abroad. The Company commissioned its plant for themanufacture of Electricity Meters in Pakistan in June 1994 with the technical

collaboration and under license from M/S Asea Brown Boveri United State of America

(A.B.B. USA). The plant consists of most modern and latest numerically controlled

electronic machines with robotics technology and is capable to produce 960,000 single


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phase electricity meters per annum in accordance with the international standards and

specifications using the latest and most modern techniques available in the world.

LOCATION AND FACILITIES

The head office is in Gulberg Lahore and the production unit is situated at 14-k.m.

Ferozepur Road, Lahore, and is spread over an area of 242 kanals and 15 Marlas of

leasehold land in industrial area of Kot Lakhpat, Lahore, and presently the total covered

area comes to 232,883 square feet. Factory is located on the main road where public

transport is available round the clock helping in easy access to the labor and customers.

TECHNICAL KNOW-HOW & FOREIGN COLLABORATION

The company had obtained technical know-how from General Corporation (now Fuji

General Limited) of Japan for the manufacture of its Air conditioners and thus was able

to produce a unit which is now preferred by the consumers over all the other imported

as well as locally manufactured units. The know-how contract was for five years ending

in the year 1988.

For the manufacture of Refrigerators, the know-how was obtained from SILTAL CASA

SPA of Italy, who are one of the major manufacturers of "white-goods" in Italy and has

assisted in the establishment of similar plants in many other countries.

The technical know-how for Deep-freezers was obtained from ARISTON of Italy who is

the largest manufacturers of "white-goods" in Italy. They have also helped lot of other

countries in setting up similar projects for making "white goods".

The company has obtained technical know-how from HITACHI for the manufacture of

Vacuum Circuit Breakers.

THE COMPANYS CONSOLIDATIONS

PAK ELEKTRON LIMITED

The holding company.

PEL APPLIANCES LIMITED

(PEL) the subsidiary company.


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PEL DAEWOO ELECTRONICS LIMITEDThe subsidiary and a joint venture with DAEWOO Electronics Company

Limited, Korea.


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Vision

To excel in providing engineering goods and services through continuous improvements

Mission

To provide quality products and services to the complete satisfaction of our customers and

maximize returns for all stakeholders through optimal use of resources.

To focus on personal development of our Human Resources to meet future challenges

To promote good governance, corporate values and a safe working environment with a strong

sense of social responsibility.

COMPANYS OBJECTIVES

1. The continuous improvement of a l l products and services through

total involvement of employees.

2. The development and strengthening of joint ventures and

partnerships with external and internal customers and suppliers.

3. Providing innovative and higher qual i t y products to achieve total

customer sat isfact ion by understanding their requirements and

anticipat ing their future expectat ions or needs through:

Monitoring Annual Targets for qual i ty improvement in al l areas and

funct ion of the organizat ion.

Valuing people by understanding and drawing u pon their st rengths i .e .

abi l i t ies and knowledge and make efforts for their t ra ining and

development .

4. With a dedicated team of professionals the company is st r iving to

improve the qual i ty of l i fe in Pakistan homes through rel iable

equipment for power distr ibut ion and home appliances.

5. The growth in the size of the org anizat ion develops bet ter business

pract ices and builds up greater resources.

6. The aspirat ion to capture the complete product family of t he

product .

Internship Report - PEL

Documents

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