Intership Report FahadR

8/8/2019 Intership Report FahadR

1/22

1

INTERNSHIP REPORT

SUBMITTED TO:

Sir. Col.Imtiaz

SUBMITTED BY:

FAHAD RASOOL

01-222071-022

MBA-IV (A)

Bahria Institute of Management and Computer

Sciences Islamabad.


2/22

2

ACKNOWLEDGEMENT

Although the words are not enough to express feelings of gratitude, yet i am bound

to use them. My first and foremost thanks and bowings are due for the Almighty

Allah whose unlimited bestowal did make me both physically and mentally efficient

enough to complete this Research Work.

I acknowledge my efforts to those who gave me generously of their suggestions

based on their experience in providing information and data.

I am also very grateful to my teacherMr. Col. Imtiaz who gave me the vision and

knowledge for the completion of my report.


3/22

3

TableofContents

Executive summary ..............................................................Introduction ..........................................................................

Companys analysis ..............................................................

Environmental analysis ........................................................

Competitor analysis ..............................................................

Technology analysis .............................................................

Brief about internship ...........................................................

Identification of a main problem ..........................................

Findings ................................................................................

Conclusions and Recommendations .....................................


4/22

4

Executive Summary:

I did internship in KAIZAAN ENTERPRISES which is basically a firm which mostly

deal in telecom sector but there are some projects which includes about

construction, supply of materials, networkings etc. The duration of my internship is

one year (March 31st 200 to March 30th 2010)

KAIZAAN ENTERPRISES is a growing firm and the company is increasing its assets

every day. The firm has tough competition because from the previous two to three

years many new firms and companies are coming in this field.

All the four departments which are finance department, human resource

management, administration department and Procurement department are working

in the firm. But finance department is a major department in the firm.

I performed as an MTO in Finance department with Kaizaan Enterprises, my

experience at Kaizaan Enterprises was completely based on the finance and

accounts, in the first six months I worked on Accounts of the firm, which gave me the

exposure of maintaining daily basis accounts and petty cash records in addition to

that I worked on Project costing and forecasting of monthly expenses which is all

related to finance and I applied the latest techniques to learn more about practical

finance by attending meetings with seniors and charted accountant of the firm. I

worked in different dimensions, like Internal audit, payments and receipts of bills,

Invoicing for the clients, making of Cash and bank payment vouchers in different

scenarios of payments and receipts with the aspect of Bank reconciliation and

worked on two different accounting soft wares which really enhanced my working

experience, organizational politics and terms were also the part of my working

experience and learning.


5/22

5

INTRODUCTION:

KAIZAAN HISTORY:

Kaizaan Enterprises is a relatively young and dynamic player In the

corporate world of Pakistan. It was with the vision to participate in the development

of the engineering sectors in Pakistan. In a developing country like Pakistan,

success is dependent more on the right opportunities.

Kaizaan Enterprises is known today for its expertise in the following fields.

y Civil construction works.

y Telecommunications construction works.

y Rental & Sale of Machine and Power generators.

y Electro-mechanical erection & installation works.

y Oil & Gas sector.

In recent years, Kaizaan Enterprises acquired projects, which are currently under

execution. Among other projects, the Company is especially proud of its work for the

construction of infrastructure works and towers for the PTML GSM (Ufone).

Led by a team of seasoned and dedicated professionals with a quality conscious

approach to work, the Company enjoys a good reputation with its customers and

competitors.


6/22

6

Companys analysisOperation analysis:

Kaizaan Enterprises operated In my fields. Main operations of Kaizaan Enterprises

are in the telecom sector, construction sector.

Kaizaan Enterprises has the following subcontractors:

Subcontractor of Nokia (Fin Land Base)

Subcontractor of Nokia Siemens. (Fin Land Base)

Subcontractor of Alcatel Lucent (French Base)

Subcontractor of Huawei (China Base)

Subcontractor of Mobiserve (Egypt Base)

Subcontractor of CSCEC (China Base)

Subcontractor of Frontier Civil Works (Pakistan Base)

Kaizaan Enterprises is very efficient in its operation due to the qualified and skilled

employees and the labors. Its operation is very cost effective and with in the time

limit.


7/22

7

Main Services:

y Sale and service of Diesel and Gas Generators

y Sale and Service of all type of earth moving & construction

machinery i.e. Cranes, Loaders, Lifters, Compactors, Graders etc.

y Sale and Service of Textile machinery.

y Sale and service of CNG sector equipment.

y Sale and Service of Oil and Gas tools and accessories

y Safety and office equipment supply

y General order supplies

y Rental Generators of all range

y Rental construction machinery of all types.


8/22

8

Financial analysis:

Fixed assets of the Kaizaan Enterprises of the last four years have been increased

significantly due to the efficient management as well as the quality control.

In 2005, Kaizaan Enterprises has just have Rs.2 million in term of fixed assets in

year 2005 but it increasing in 2006 by Rs.1 million and total fixed assets Rs.3 million

by the end of 2006. In 2007 Kaizaan Enterprises has tremendous growth and have

fixed assets Rs.15.9 million by the end of May 2008.

This is shown by the graph:

Yearly profit of the Kaizaan Enterprises are also shown by the graph:

This graph shows that Kaizaan Enterprises have only Rs.2 million profit

by the end of the closing year of 2005-2006 but it increasing by the end

Fi

ed As s e

s

-

2,000,000

4,000,000

6 ,000,000

8 ,000,000

10,000,000

12,000,000

14,000,000

16 ,000,000

18 ,000,000

2005 -06 2006 -07 May 2007-08

ea

A

oun

t


9/22

9

of 2007-2008 Rs.33.5 millions.

This is shown by the graph:

l

f

-

5,000 ,00 0

0,000 ,00 0

5,000 ,00 0

20,000 ,00 0

25,000 ,00 0

30,000 ,00 0

35,000 ,00 0

0,000 ,00 0

200 5-06 2006-07

ay 2007-08

n!

"

#

"


10/22

10

Project growth of the Kaizaan Enterprises are also shown by the graph:

$ % & j ' c( ) % & w( h

0

0

1

2

8

1 0

10

11

12

1 8

0

0

0

0 0 53 02 0

0 02

3 04 0

0 04

3 0 85

6 7 8

9

@

A

@

B

C

D

@

jE


11/22

11

Human resources assessment:

Kaizaan Enterprises have qualified and skill full labors.Very healthy and good staffs are hired for the work. few employees are

the motivated and some employees are demotivate but overall there are

motivated employees.

Form there competitive point of view they have good Human Resource.

Marketing analysis:

Kaizaan Enterprises is a small firm so that is why there is no special

marketing department. Directors and the employees are doing marketing

work by them self. Marketing department of Kaizaan Enterprises and

Services is a weak point.


12/22

12

Environmental analysis:Industry and Market analysis

Pre 2001Scenario

1.Un-competitive Telecom Market

2.Low penetration & teledensities

3.Monopoly in fixed-line

4.Limited competition in Mobile Cellular

5.Technology specific Licensing

6.High Tariff of services

Pre-2001 Market Scenario:

Fixed Line: Monopoly ofState-owned

Operator

Pakistan Telecommunication Company Limited (PTCL)

National Telecommunication Corporation (NTC)


13/22

13

Cellular: LimitedCompetition- 3 (4)licensees

1 GSM- Mobilink2 AMPS- Paktel & Instaphone

3Ufone (PTCL subsidiary)- license awarded in 1999

Value added services:

EIS 26, DCNS 09,

Fax Services 05,

VTS 01,

2002-2003 Deregulation:

Major Reasons to deregulate telecoms

Create Competitiveness in telecom sector

Provisioning of efficient & cost effective telecom services

Improve infrastructure through private sector support

Bridging the Digital Divide


14/22

14

Meet ever increasing demand of telecom services

Increase Choice of providers & services

End monopoly in fixed line telephony

2002-2004 Deregulation Policies:

Policy- GoP

PTA-Implement Policy

Telecom Deregulation Cell establishment

Fixed Line

Cellular Mobile

Broadband

2003-2004 DeregulationCellular Mobile:

Formal GoP Approval-Jan-2004

Consultative Process & Media Campaign on Cellular MobileSector

Award through Open and Transparent Auction process

Telenor

Warid


15/22

15

Pakistans mobile market gained nearly 9.9mn new customers in the first

half of 2008, expanding by 12.6% to reach 88.05mn mobile users.

Although the rise in the number of mobile subscribers has been

extremely rapid over the last nine quarters, it now looks as though a

slowdown in growth has set in. By the end of June 2008, mobile

penetration in Pakistan had surpassed the 50% threshold.

For years, Pakistan's telecom sector has plodded along, seemingly

stuck in the mid-20th century. From 2.1 phones per 100 Pakistanis in

1999, the number of fixed lines has crept up to just 2.9 per 100 today.

And while cellular has been more dynamic, only about 5% of Pakistanis

have cell phones.


16/22

16

CompetitorAnalysis:

There are many competitetors in the market. In the telecom sector

there is very serious and tough competition because telecom sector is a

growing field so that is why we see a heavy investment in the telecom

sector from the last decade.

The competitor of the Kaizaan Enterprises are the following:

La pal Enterprises

Damaan Engineering & Services

SyedCorporation (pvt) limited

Engineering Design & Construction

Iz ar Construction Solution (pvt) limited

These firms and companies are give the tough competition to Kaizaan

Enterprises.


17/22

17

Goals:

The goals of the firm to increase the market shares and as well as

increase the quality services with the low cost as can as possible.

Strategies:

The strategies of these firms and companies to invest and grow to look

the following condition of the market

High growth potential

Forward looking telecom policy

Investment friendly environment

Good regulatory execution

Acceptance political and economic situation

Technologies:

The companies use the latest technology to compete in the competitive world. The

technologies are improve day by day which reduce the cost and increase the quality

of the products and the services.


18/22

18

Innovation:

Telecom sector is very innovative sector almost all day there is

innovation is takes place. New technology new methods of doing

business are taking place. Heavy innovation industry.


19/22

19

Workedduring Internship:

I joined Kaizaan Enterprises on March 31st2009 as an MTO

in Finance department on a 01 year contract. I performed different tasks for the

Finance department which are as under

Core Responsibilities:

Working on Sales Tax Invoices Accounting data entry in FOXPRO & ERP with Reporting Making Bank Payment & Journal Vouchers for Suppliers & Head Office Fixed Assets Identification in Head Office Software Reconciliation

Bank Reconciliation Record Maintenance at Store & Head Office Provided assistance to managers & HOD of the department

y Maintaining daily accounts AIS (accounting Information System)

y Maintaining petty cash records for the office

y Maintaining monthly payments and receipts

y Forecasting monthly expenses

y Conducted internal audit with Auditor of the Company

y Monthly reporting of accounts to the charted accountant of thecompany

y Maintaining different Bank accounts of the company MeezanBank, Bank ofPunjab, MCB & ACBL

y Maintaining Monthly salary accounts for the employees of thecompany

y Maintaining Project costing

y Daily and we\ekly reporting of tasks to bossOther responsibilities:

y Maintaining office inventory record

y Reservation of flights (Domestic and International) and Hotels for

the high officials of the officey Internet search as a part of the multiple tasking


20/22

20

Identificationofa main problem:

Kaizaan Enterprises is a small firm so that is why there are many

problems: I noted the following main problems in the organization which

are the following:

There is a lack of co-ordination

There is a problem of decision making

All the authority is centralized

No proper office environment

There is no consultant

Findings:

I find that the firm is making a good profit every year. And also increase

the market share in every year and now is going in construction sector

which is also a good sign for the company. Because there is a lot of

demand and supply gap in the construction sector in Pakistan. The firm

can easily earn a huge profit with this step. The staff of Kaizaan

Enterprises and well qualified and trained which is good for the

organization. Main concern of the organization is services.


21/22

21

Conclusions and Recommendations:

My recommendations are thefollowing:

Authority must be decentralized

There must be proper check on the employees

Improve the working condition

Motivate the employees with bonus etc.

Proper decision making

Reduce the expenses

There must be training for the employees to increase their efficiency.

Reduce the work load of the employees

Must go to the manufacturing side

Meet the commitment

Improve the marketing department


22/22

22

Intership Report FahadR

Documents

Transcript of Intership Report FahadR