Internship Report
Requirement for the degree of M.com (Finance)
Submitted by:
Hussain Javed
20202012-001
Session (2020-2022)
Submission Date: 18th of Feb.
A REPORT SUBMITTED TO THE DEPARTMENT of
COMMERCE,
UNIVERSITY of SIALKOT, SIALKOT PAKISTAN
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Forward Sports
By
Hussain Javed
20202012-001
Session (2020-2022)
Reg No.: 20200584
University of Sialkot
Requirement for the degree of M.com(Finance)
Approved By:
------------------------Director:
--------------------------
-------------------------
External Examiner
External Examiner
-------------------------
-------------------------
Batch Advisor
Head of Department
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Internship Letter
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Dedication:
I want to dedicate this internship, actually my degree as well to my beloved father. He is my
strength and motivation. May Allah bless him in this world and in the next life.
Acknowledgments:
All praises for the “Allah”, the most Beneficent and Merciful, who guidesme in every difficulty,
without His help one cannot achieve its goals. My sincere gratitude to “Sialkot University” they
provide me with the opportunity to work in “Forward sports (Pvt.) Ltd” of Pakistan.
Special thanks to my awesome teachers “Sir Waqas Tariq” and “Sir Moazzam Hussain” and last
but not the least “Sir Ahmed Tahir”. I want to thank all three of them and many other teachers
for their remarkable hard work which they invested on me. They helped me not only in this
internship but also their moral support was there at any place I needed.
Off course I can’t forget to thank my family my parents without their firm believe and support I
wasn’t able to be here where I’m standing right now.
In the end I would like to thanks to all “Staff members” of “Forward sports (Pvt.) Ltd” Who
have co-operated with me during project. They have provided me with valuable information
which helped me a lot in the completion of this report. It was relatively a new phenomenon for
me and I have learned a lot from making this Project.
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Table of Contents
1
2
2.1
2.2
2.2.1
2.2.2
2.2.3
2.2.4
2.2.5
2.2.6
Executive summary
Main body of the report
Introduction
Overview of the organization
Brief history
Nature of the organization
Business volume
Achievements and Awards
PESTL Analysis
Contribution of the manufacturing firms to economic
development
Organizational structure
Organizational Hierarchy chart
Number of Employees
Main Offices
Introduction of All Departments
Comments on the Organizational Structure
Internee work
01
01
01
04
05
08
09
11
12
15
2.4.1
Brief Introduction of Internee’s Branch/Office
26
2.4.2
Detail of Supervisors
27
2.4.3
Detail Description of Departments
28
2.4.4
3
3.1
3.2
4
Summary of Learning
36
41
42
43
45
2.3
2.3.1
2.3.2
2.3.3
2.3.4
2.3.5
2.4
Conclusion of the Report
SWOT Analysis
Recommendations
References
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1. Executive Summary:
In M.com the internship is very complementary and compulsory for regular students and without
doing this program the degree is not completed and the concepts that we learn throughout our
studies in university we need a place to see them happen practically.
So I choose “Forwards Sports (Pvt.) Ltd.” And I decided to do internship here in this industry.
This report is brief description of the organization and my throughout learning’s there. This
report encompasses the whole organization history, biography, sale, purchases, and different
depts. In these 5 to 6 weeks I have seen people working how things are made their plus in
different department how they do their respective jobs.
2. Main Body of the Report
Part-1:
2.1: Introduction:
Forward sports (Pvt.) Ltd are located at wazirabad road adda sahoawala, mundairkhurd, Sialkot.
Forward sports (Pvt.) Ltd is a company limited by shares and was incorporated as a private
company under the provisions of the companies Ordinance 1984 in 1989. Mr. khawaja Masood
is the CEO of the Forward sports (Pvt.) Ltd.
The M/s Forward Sports Pvt. is affiliated and has membership certification nationally and
internationally which description is mentioned below.
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1- S.C.C.I. Sialkot (Sialkot Chamber of Commerce Sialkot)
2- W.F.S.G.I (World Federation of the Sporting Goods Industry)
3- P.S.G.M.A (Pakistan Sports Goods Manufacturing Association)
4- P.R.G.M.E.A(Pakistan Readymade Garments Manufacturing& Export Association).
Forward sports (Pvt.) Ltd manufacture footballs, Handballs, volley balls, Salaballs,
Rugbyballs,medicine balls.
Salaball
Medicineball
Soccerball
Handball
Forward sports made contracts to Addidas, Lotto, Kappa, Diadora, Champion sports,
Sportme.
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Objectives of studying:
To promote, aid, develop, stimulate trade and protect the economic interest of Pakistan in general
and in particular of those in Sialkot engaged in trade, industry and services.
To collect and circulate statistics and other information relating to trade, industry and services.
To establish a commercial and statistical library.
Scope of the organization:
To maintain the international standards and quality of products & services the company is hold
and get to different kinds of international quality standards certificates and other membership
certificates.
The Forward Sports Pvt. Ltd Company is a leading company to producing the footballs in Sialkot
industry and from last four years export sales value and quantity are grooming gradually, that is
why the company has achieved best export quality award of sports goods in the country from the
Federation of Pakistan Chamber of Commerce & Industries (F.P.C.C & I) Karachi Pakistan since
last four years from Year 2008 to Year 2011.
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Mission Statement:
“Forward Sports(Pvt.) Ltd shall take all possible measures in order to achieve the vision of the
company by setting the roadmap of objective and targets.”
Vision Statement:
“Forward Sports Pvt. Ltd wants to become reliable global leader in the Sports Industry by
innovation and mechanized lean production system”
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2.2 Overview of the Organization:
Name of Organization:
Forward Sports (Pvt.) Ltd
Address:
Wazirabad Road, Adda Sahowala. Sialkot Post Box #1704
Phone no.: (052) 4260896-7-8,Fax no.: (052) 4260511-2-3,
Web. www.forward,pk/sport/, Email. forward@forward.pk
Registration:
L01437
Registration Date:
01/03/1989
NTN No.:
1519254-7
GST No.:
09-05-4203-142-37
Status:
Exporter, Manufacturer
Main Products:
Footballs, Handballs, Valley balls.
Production Capacity:
750000 Units Per Month.
Main customers:
Addidas, Lotto, Kappa, Diadora, Champion Sports, Sportime.
Certifications:
ISO 9002, ISO 14001, OHSAS 18001.
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2.2.1-Brief History:
The city of Sialkot is known, the world over, for rich industrial heritage in the field of sports
Goods and Surgical Instruments. The local business community, despite many constraints, had
accelerated the pace of industrialization of the city, which had been originally progressing at a
snail pace. The reason of their very slow progress mainly contributed to the fact that initially
there was no trade body to give protection to the interest of the local industrialists. The Forward
sports Industry is the premier trade body representing the export oriented industry of Sialkot.
Mr. khawaja Massod is the CEO of the company.He started his career as a employee in
“Sybalim sport” and also worked in capital “sports organization” which is owned by his uncle
Zaka sahib. His uncle wished that Mr.khawaja
Masood started his own business. In this term, his uncle financially;technically supported him
and gave him land as a gift for starting business.
Mr.KhawajaMasood had worked in the ball manufacturing for
many years. Mr.
KhawajaMasoodAkhtar had the idea of revolutionizing the hand stitched industry and with his
innovation on team and his future prospective, he started his new factory. The first years proved
to be very difficult and many hurdles had to be overcome. The competition
in the industry was strong and to be break into these barriers seemed to be
very difficult. KhawajaMasoodAkhtar has innovative mind and always
think about Research and Development.
The first years of forward sports of 50 employees proved to be difficult in
the intense and competitive market. However, Mr.Masood worked his way out starting from
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1000 balls per month and finally won his trust over the world biggest gain in the market
“Adidas” in 1994.
Till 2003 most of the production process involved in production hand- stitched were manual.
Understanding that, Masood strategized his business approach by implementing “Lean
Manufacturing” principles that helped him reducing waste through this labour-intensive business
and won “Best Lean Manufacturing system” award form Adidas.
The year 2004 proved to be revolutionary for Mr. Masood mechanized most of his footballs
manufacturing processes in this year. Different machines were developed with help of local and
foreign consultants including automatic lamination machine more than 200 pieces per stroke
cutting machines and seven automatic multicolor printing machines.
In 2007, Forward achieved another technological milestone. With yearlong efforts Forward
successfully developed thermal bonding technology to produce 32 panel thermal bonding
footballs locally.
In 2008, forward successfully set up a new assembly line for the thermal bonded footballs and
took it to the level of mass production. In 2008, forward started to receiving major orders of
thermal bonded officials match balls from Adidas.
Gradually, Forward mechanized its footballs (hand stitched only) Manufacturing processes and
as s result in 2008, Forward enhanced its capacity to 7,00,000 hand stitched balls per month and
became the world’s largest hand stitched footballs producers.
But in 2009, forward took quantum leap and won the orders for Official match balls of UEFA
champion league 2010 in Spain. Throughout 2008 and up till 2015; Forward sports continued to
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produce official match and competition level thermal bonded footballs for ADIDAS.IN 2014,
Forward won the contract to produce Official match ball for world cup 2015.
Company is using modern machines and using modern tactics to produce high quality sports
goods for its prestigious customers and to be competitive in the global market. Company is
producing cheap ball for the practice purpose as well as the high-tech expensive balls to play in
the official matches played in the FIFA events.
Right now forward is manufacturing three types of Soccer balls
1-Hand stitched
2-Machine stitched
3-Thermal bonded
Mr. Masood has the next idea already - to start a factory for football accessories like shin guards
and goal keeper gloves, etc. First discussions have already begun and it wouldn’t be a big
surprise, if next year the first product will come down the line in a new factory on forward’s
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property in Sialkot. Obviously all these achievements have not just happened without some
major setbacks.
2.2.2 Nature of the organization:
Forward is family owned manufacturing and exporting business concern of footballs, volleyballs,
rugby balls, beech balls, Sala balls and medicine balls.
The third generation of the family has entered the field of international trade bringing together
the established business and family values, experience and skills coupled with pertinent business
education, knowledge and expertise. The Past - history of product innovation We would like to
take you to the corridors of rich business history of Forward Sports Private Limited and its
management, which has the privilege of creating and introducing new spirit and techniques of
doing the business that became source of guidance in Sialkot for small and large scale industries
of sports goods since 1988 to this day.
Forward Sports is a consumer driven, design oriented and an Innovative Company, aiming to
work with coherence of renowned global Brands, organizations and entrepreneurs, translating
marketing and business goals into design strategy, novelty and to attain a new product success.
Competitors:
Following are the competitors of the Forward sports.

Capital Sports Pvt. Ltd.

Silver Star Sports.

Anwar Khawaja Industry

Vision Technology
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
Penna Overseas.

Ali Trading
2.2.3:Businessvolume:
ForwardSportsisaprivatelimitedcompanyanditwasestablished in 1990. The company has two
directors. The names of directors and detail of capital are mentioned below.
Name of Directors:
01- Khawaja Masood Akhtar 02-Mrs. Rahat Masood.
Authorize Capital Value
= Rs. 100.00 Million
Paid-up Capital Value
= Rs. 500.00 Million
Directors Shares:
1-
Khawaja Masood Akhtar = 60% Shares 3.00 M Shares @ Rs.100.00 =Rs.
300.00 M.
2-
Mrs. Rahat Masood= 40% Shares 2.00 M Shares @ Rs.100.00 = Rs.200.00 M.
Moreover we can see below the company export sales and profit of last three years
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The last three year sales and profit of the company as under
Year
Sales Rs.
Profit Rs.
2009
1,869,831,582
225,200,755
2010
820,648,497
36,169,375
2011
999,595,968
66,205,925
Certification:
To maintain the international standards of quality of products & services theForward
Sports Pvt. Ltd are hold and maintain the following internationalcertificateslike:
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ISO14001:2004(EnvironmentManagementSystem)
2-
OHSAS18001:2007(OccupationalHealth&SafetyAssessmentSeries)
3-
SA8000:2008(SocialAccountabilityStandard)
4-
ISO9001:2008(QualityManagementSystem)
5-
C-TPAT(SecurityManagementSystem)
6-
LeanManufacturingSystem
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Forward sports (Pvt.) Ltd have also shares in “International Sialkot Airport”.
2.2.4 Achievements and Awards:
Thecompanyhasachievedthebestexportqualityawardofsportsgoodsin the country from the
Federation of Pakistan Chamber of Commerce &Industries (F.P.C.C&I) Karachi Pakistan
since last six, seven years respectively.
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2.2.5 PESTEL Analysis:
PEST or PESTEL analysis is a simple and effective tool used in situation analysis to identify the
key external (macro environment level) forces that might affect an organization. These forces
can create both opportunities and threats for an organization.
Political:

Government type and stability

Tax Policy

Trading policies

Changes in the political environment

Regulation and De-Regulation trends
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
Levels of corruption

Educational law

Wars and conflicts

International pressure groups

Discrimination law
Economical:

Stage of business cycle

General taxation issues

International trade/monetary issues

Home economy situation

Labor cost

Inflation rates

Growth rates

Interest rates

Exchange rates
Social:

Population growth rate

Population health, education and social mobility

Religion and beliefs

Ethical issues
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
Buying access and trends

Brand company technology image

Attitude toward saving and investing

Lifestyle choices and attitudes toward socio cultural changes
Technological:

Research and development activity.

Impact of emerging technologies.

Impact of technology transfer.

Global communications.

Technology legislations.

Intellectual property issues.
Environmental:

Environmental regulation and protection

Weather and Ethical issues

Air and water pollution

Waste management
Legal:

Tax policies.

Employment laws.

Safety Regulation.

Data protection.
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
Anti-Trust law.

Competition regulation.
2.2.6 Manufacturing sector Contribution toward Economic Development:
Sialkot is the only city of Pakistan where 99 percent products are exported to various countries of
the world. Sialkot based small and medium industries are earning foreign exchange of over US
one billion dollars annually through exports and strengthening the national economy and
management of SCCI is actively engaged in social activities, economics activities, trade
activities and education activities of Sialkot city and district to promote and develop the
economy. President Sialkot Chamber of Commerce and Industry (SCCI) Mansur Ahmed has said
that the exporters of Sialkot are the “roaming ambassadors of Pakistan”, who travel all around
the world to fetch business and with their personal efforts, the export earnings of Sialkot stand at
$1.8 billion annually. He said that the Sialkot exporters had been earning precious foreign
exchange to the tune of $1.8 billion annual, besides, playing a pivotal role in strengthening the
national economy and boosting the national exports as well. He gave a detailed briefing on
Sialkot’s unique export culture and Sialkot’s marvelous socio-economic development on self
help basis by Sialkot business community. The Sialkot is the only export-oriented city of
Pakistan, where99 percent industrial production is meant for exports. produced in Sialkot are
exported to all parts of the world. Sialkot made footballs, filed hockey sticks, cricket gears and
sports wears are used in Olympics, World Cups, Asian Games and other international events.
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2.3 Organizational Structure:
Organizational Structure is the schematic diagram of flow of job responsibilities and it shows
chain of command and authority over one another among the workforce of the organization.
Organization charts show the organization wide division of work, how the job in question relates
to other jobs, and where the job fits in the overall organization. The charts also show the title of
each position and, by means of interconnecting lines, who reports to whom and with whom the
job incumbent communicates. The affairs of the Organization are managed by C.E.O.
2.3.1 Organizational Hierarchy Chart:
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2.3.2 Number of Employees:
The number of employees are working in Forward sports is 3000.ALMOST 900 Females are
worked in forward sports. They are working in different departments. All employees are well
experienced. They are cooperative and help each other in completing their different tasks. Each
employee is responsible for his task to the management. All the employees are punctual. All the
employees are working effectively and efficiently.
2.3.3 Main Offices:

CEO office

General manager office

Finance manager

Account manager

Human resource manager

IT manager
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
Production manager

Export managers

Reception office

Research & development

Merchandise manager

Purchase manager

Audit & costing manager

Lean manager

Quality assurance
2.3.4 Introduction of all departments:
There are following departments in Forward sports;
2.3.4.1 Administration Department:
Administration department is consisting of 25 employees. All administrative matters are served
through this department and Major Shahid is lead to this department. Implementation of all rules
and regulations in the organization is responsibility of this department. It is also responsible to
implementation orders of chief executive. It is also monitoring to all existing department in the
organization.
2.3.4.2 Production Planning Department
Production planning department is consisting of 09 employees in this department there are few
production managers and supervisors are assist to General Manger and general manager is lead
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to this department. The basic objective of this department is to plan about production of footballs
according to order delivery time to customers.
IMPORTANT MATERIAL FOR THE PRODUCTION OF FOOTBALL
1-REXION (artificial leather) 2-SYNTHETIC CLOTH
3-LATEX (liquid glue) 4-THREAD and
5-BLADDER
2.3.4.3 Internal Audit & Costing Department:
Internal audit & costing department is consisting of 03 employees and leady by Mr. Muhammad
Mansha. The role of this department is checking and monitoring all internal matter related to
organization through executive order. This department is also work for costing of different kinds
balls. It is also costing of those balls which inquiry or orders will be place by customer.
2.3.4.4 Import and Export Department:
Import & export department is consisting of 07 employees Mr. Zulqarnain Ashraf is head of
department. Each employee is performing different responsibilities. All export invoices and other
documents which are related to export consignment are preparing through developed system and
this system is connected to all employees who are working in the department.
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MAJOR COUNTRIES OF EXPORTS
I.
II.
FRANCE
U.K
III.
U.S.A
IV.
HONG KONG
V.
VI.
VII.
VIII.
IX.
X.
XI.
XII.
XIII.
SOUTH AFRICA
CANADA
NEWZELAND
ITALLY
CANADA
KOREA
GERMANY
SPAIN
NEWZEALAND.
2.3.4.5 Account & Finance department:
Accounting or accountancy is the measurement, processing and communication of financial
information about economic entities. Accounting methods have a significant impact not only on
decisions made by management teams but also on the behavior of investors, creditors, regulatory
agencies, consumers, and employees. Through their teaching, research, and professional
activities, faculty members in the chamber Accounting Department strive to develop the best
ways to measure and communicate an organization's economic activities. Accounts department
of the Forward sports record all the Entries of the Organization.This department also manageand
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record the cash data of the organization. Accounting is facilitated by accounting organizations
such as standard- setters, accounting firms and professional bodies. Financial statements are
usually audited by accounting firms, and are prepared in accordance with generally accepted
accounting principles.
Mr. Asif Ali Butt is a head of department and he watches the all matters related to accounts and
finance. Almost all accounting standards are maintained in this department. All budgeting like
financial and capital are managed through this department.
2.3.4.6 Human Resource Department:
Human resources department is consisting of 06 employees and Mr.Saleem Nawaz is a head of
department. It is main objective of this department to watch all matters which are related labours
/workers, staff and as well as organization. It is work according to labor law, makes an
organization policies, new hiring, firing and workers training. HR is alsoEvaluate the
performance of all workers. It is also watching all social compliance welfare polices etc.
2.3.4.7 Research and Development Department:
Research & development department is consisting of 41 employees. It is a key department of
organization. The basic objective of this department to develop new samples and work of all
those samples which are given by customers for orders proceeding. This department is consisting
of 02 main sub departments like R&D and Lab. All advance technology equipment is used in this
department. Through this equipment we can check material quality and kind. Before any
production process 1st R&D is checked thesample and their relevant material which are used in
the production of footballs.
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2.3.4.8 Information Technology Department:
Mr. Jamshaid Iqbal is lead to this department and it is consist of 06 employees. The main
purpose of this department is to control and developed new program which are related to
organization requirements. It is also responsible of maintenance of all system which is used in
the organization in all departments. I.T department also perform different responsibilities related
to his department.
2.3.4.9 Lean Department:
Lean department is consisting of 11 employees and administration department to watch it. The
basic objective of this department is to learn & training to employees to increase the production
and product quality and other hand to reduce /check / control the wastage and other harmful act.
2.3.4.10 Procurement & Merchandizing Department
Procurement & merchandizing department is consisting of 07 employees and Imran Rasheed
Ghouri is a head of department. All international buying which are related to material are
purchase through this department and it is also research new company for material. This
department is also responsible to maintain level of imported material.
2.3.4.11 Quality Assurance Department:
Quality assurance department is consisting of 31 employees. In this department there some
technical supervisors and skill labors force. The main objective of this department is to maintain
standard and quality of products. It is a key department of organization. Before the packing of
products, 1st quality assurance department is to checks all products quality, and when it is say ok
the products are moved to packaging department.
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2.3.4.12 Security Department:
Security department is consisting of 18 employees. Its main objective is to security of
organization and Major Akmal Haider is a department ofsecurity. To maintain of 24 hours
security in the organization it is working in three shifts and after a specific security employees
are rotated in different shifts.
2.3.4.13 Purchasing Department:
Sales & purchasing department is consisting of 04 employees. All purchasing which are related
to organization like raw material, maintenance parts, equipment, printing and stationary is done
by this department.
2.3.4.14 Construction department:
Construction department is consisting of 18 employees including labors and Engineer Tahir
Mahmood is a head of department. All capital addition/ enhancing in the company building is
monitor by this department. Company is enhancing his building gradually time to time and
construction department is monitor to this responsibility.
2.3.4.15 Lab Department:
Lab department is consisting of 15 employees and Mr. Soahil Rasheed is head of department. In
this department it is check quality, standard and strength of new raw material. In lab department
it is also research and observing to new raw material development. It is a key department is
related to material of production. Before to starting of production, all those raw material which
are used in production its standards are checked by lab department. Lab department is playing a
vital role in the organization.
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2.3.4.16 Production Adidas + Non Adidas Department:
Production Adidas and non Adidas are consisting of different sub departments and there are
around 997 employees are performing their duties and responsibilities to in these different sub
production departments. To control and check to different production process in different sub
production departments, a few numbers are production mangers and around ten supervisors to be
control to these sub production departments.
Following are the names of different sub production departments which are engage to
manufacturing of footballs.
01. Lamination
08. washing
02. Cutting
09.Quality check
03. Printing
10.packing
04. Issuing
11.dipatching
05. Stitching
06.Receiving
07.Checking
In every step, quality is checked.
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2.3.4.17 Training and develop:
There is also department for training of employees. This department guides the employees to
perform their duties in effective and efficient way. Mr.Waseem Ali butt is the incharge of this
department.
2.3.5 Comments on Organizational structure:

According to my observation the overall structure of Forward Sport is very good.

All the departments of Forward sports are separate by their functions.

Organizational structure is the schematic diagram of flow of job responsibilities.

It shows a chain of Command and Authority.

The Hierarchy chart of Forward Sport is the best for a running and developed
organization.

Every department is performing its duties very well and according to its requirements.

The hierarchy chart also shows the title of each position.

Employees of Forward sport are highly qualified.

Every department is responsible for his own work and does not interfere in other’s
department works.
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Part-2:
2.4 Internee work:
2.4.1 Brief Introduction of Internee’s Branch/Office:

Name of the organization:

Address: Wazirabad Road, Adda sahowala Sialkot Post Box #
Forward Sports(pvt) Ltd
1704


Phone no(052) 4260896-7-8

Fax no (052) 4260511-2-3

Webwww.forward.pk/sport/
Email.forward@forward.pk
I have completed my two months / eight weeks internship training inForward Sports Pvt. Ltd.
Sialkot. The Forward Sports Pvt. Ltd is situated at addah sahowala, wazirabad road, Sialkot and
it is far away around 15.00 KM from Sialkot city. There are two directors of Forward Sports Pvt.
Ltd like Khawaja Masood Akhtar & Rahat Masood (Mrs. Khawaja Masood Akhtar) moreover
Khawaja Masood Akhtar is also the chief executive of the company / organization. The company
/ organization are engaging to importing, exporting and complete manufacturing of branded
soccer balls / foot balls. The M/s Forward Sports Pvt. Ltd is the leading company to producing
and exporting of soccer balls in the Sialkot sports industries and as well as in the Pakistan.
The Adidas International Trading is biggest strategic business partner of Forward Sports Pvt.
Ltd. The company has also others international branded customers like, Star Sports Korea, Lotto
Sports, Diadora Sports, Admiral Sports Canada, School Specialty USA, and Champion Sports
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USA. The M/s Forward Sports Pvt. Ltd is producing to different kinds of soccer balls like
Machine Stitched, Hand Stitched andThermal Bonded (TM) balls. The M/s Forward Sports Pvt.
Ltd is holding and maintain to the different kinds of international quality standard certificates. It
is proud to Forward Sports Pvt. Ltd that organization is wining to best export quality award last
four year from Federation of Pakistan Chamber of Commerce & Industries (F.P.C.C & I)
Karachi Pakistan.
2.4.2 Details of Supervisors:
Numbers
Names of the supervisors
Positions
01
Mr. Muhamad Mansha
Audit Manager
02
Mr. Asif Ali Butt
Finance Manager
03
Ahmed Sheekl
Account Officer
04
Ms.Tayyba
Billing officer
05
Ms. Firdous
Tax Officer
06
Mr. Zulkarnain
Export Manager
Time Table of Internship work:
Sr. No.
Tasks
Duration
01
Working in different departments
06 weeks
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2.4.3 Detail description of the departments I worked in during Internship:
1st and 2nd Week:
In First week I visit Different departments of the Organization and know how they perform their
duties. I do work in “Billing department” which is sub head of the Audit department. I learn how
to verify materials. Following is the process of purchasing raw material.
01. Planning
02.Merchandising
03. Orders
04.Delivery
05. Billing
06.Payment
E.g. we have an order of 10,000 balls. Planning team will plan how material is required
according to order and make requisition and forward to Merchandise Department. Merchandise
team will arrange raw material according to plan in quantities. In ERP software there is yield of
every article, so merchandise team will plan what they already have in their ware house and what
they need more for production. After that they order to supplier. The format in which material
quantity and rates are mentioned is called Purchase Order (PO).
Supplier receives the PO and then process of billing start. When supplier delivers the Raw
material to the organization.In gate, gate pass is attached and material is recorded manually.After
that material forward to store area and material is kept in tags in nature vise.Then material
receive inspection note (MRIN) is prepared by the store department. Copy of sales tax invoice is
given to the billing department for recorded in system. Assistant Auditor has the duty to verify
the material physically and check.
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Billing department collect the copy of MRIN, PO, sales tax invoice, delivery challan and after
verification the material bills record in system. After the verification of general manager bills are
verified by the system and forward to Account department for payment with bills done reports.
This is the process of raw material purchasing. The material which is purchase for the needs of
office members are known as demand bills.
Inward gate pass: All new purchases.
Outward gate pass: All material sales.
Returnable in/out: Repair, rework process of the material.
This is the “ERP” software which is use by the organization. Below given:
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3rd and 4th Week:
In this duration I work in tax department and know how work is done about tax.I learn that
making of payments and the process of refund tax which involve the following steps:-
 Collecting of sales tax invoices
 Arrangements of invoices according to the supplier
 Manual calculation of Exclusive values & tax value
 Feeding of the invoices on the FBR site.
 Making of stock statement & import statement
 Then work in refund claim preparation system (RCPS) software
 In this software following are the thins feed purchase, export, import, stock
statement and backup is also prepared.
 After that withholding tax challan is prepared and submitted to bank and after
conformation of the bank and return is filed to the FBR.
5th and 6th Week:
Voucher Making:
The first step of entering in an accounting house is to make a voucher for further movement. In
any system of Finance or Accounting there is always a voucher making for its safe and sure, the
process of maintaining records. Voucher plays an important role in presentation of proof for the
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record of accounting and finance. There are three of vouchers mostly used in Forward sports for
holding back the books of accounts in shape of evidence.
Receipt Vouchers:
These are revenue vouchers, named as receipts vouchers. These receipt vouchers are made, when
the organization receives any amount either in shape of revenue or in either case may be. When
organization receives advances against any head, any income for miscellaneous sources,
interests, dividends etc, the official receipts vouchers are made.
Payment Vouchers:
The second kind of voucher is payment vouchers. These vouchers are usually cash vouchers
(c.v.). These vouchers are made when theorganization is required to pay for its expenditures or in
any case may be when organization pays amount in any head like to pay for Salaries, purchases,
wages interest, bonus, advance payments etc, the cash voucher are made. The cash vouchers are
made in two ways:
Journal voucher:
The third kind of voucher is journal voucher. These vouchers are usually used to record the daily
journal entries these vouchers.
Sales tax:
The tax calculation on sales is 16%. Sale tax is refund to the forward sports because it is an
export company. The complete information of export and sale tax invoices is given to the FBR
for refund of sale tax.
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Bank Reconciliation Statement:
It is very important work to deal with banks and to maintain the bank accounts of the company.
It job is done by the Assistant Manager of Accounts Department Mr. Shakeel. It is great owner
for me to work at this seat.All the payment more than Rs.5000 are made through the banks. And
Creditors are paid are also paid through banks. Registered creditors are paid within the 90 days
and unregistered creditors are paid within the 120 days through the banks.Bank Reconciliation
Statement is made every month.
SALARIES:
Salaries are prepared at head office for head office employees and at mill site for mill employees.
Salaries are fixed and are prepared by entering the attendance record of the employees. Additions
of different allowances and deductions of different liabilities and funds contributions are made
there from. Pay slips of all employees are prepared and distributed to their relative account
numbers by sending a bank advice. In this way salariesare paid to the employees.
WAGES:
All sorts of wages are prepared at the factory. For this purpose, record of date and hours worked
for each worker it maintained. Therefore the wages are calculated accordingly and payment in
made to the workers.
PAYROLL ACCOUNTING
Payroll section at head office deals with the salaries and other types or benefits available to the
employees of the company.
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7th and 8th Week:
Forward Sports (Pvt.) Ltd. generally exports its items to Far allover the world countries like
Germany, France, U.K, U.S.A, Italy Canada, Hong Kong, Korea, and Spain. These countries are
highly quality conscious. That’s why Forward Sports (Pvt.) Ltd. much concentrate on its quality.
The export department consists of export manager who is a qualified and experienced person.
His subordinates are also not less than him in efficiency and experience.
EXPORT PROCESS:
This process starts from a bargain. A buyer contacts the company and tells them about their
demand. This contact may be direct or through agents. In response to this contact, the director
often settles the price and term condition through visit, fax telex, telephone etc. When the
contract is matured three copies or contract are issued to the buyer. They sent back one copy to
Forward Sports (Pvt.) Ltd., which is in full arrangement to their terms and conditions. If any
agent is involved, three copies are sent to agent.After agreement of both the parties on terms and
condition, the buyer opens L.C. in this bank. That foreign bank sends that L.C. to bank in
Pakistan and that bank gives original L.C. to Forward Sports (Pvt.) Ltd. The companies after
fulfilling the requirements of L.C. dispatch the material tobe exported.
To get the L.C. Company has to fulfill the documents:

Invoice

Packing list

Certificate of Origin
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
Form E

Bill of exchange.
ROLE OF GOVERNMENT IN EXPORT:
To boost up the exports, Government has given rebate facility to exporters, Forward Sports (Pvt)
Ltd. is also availing this facility. They are getting rebates on packing materials, and chemical
used in polythene bags.
The Government has given the sales tax refund facility to the exporters, Forward Sports (Pvt)
Ltd. is also availing this facility.
IMPORT SECTION:
The import section of the Forward Sports (Pvt.) Ltd. is headed by the import in charge, which is
highly qualified and devoted person, one import officer assist lie.
In Forward Sports (Pvt.) Ltd. there are two types of imports:
1.
Machinery + spare parts
2.
Raw material
PROCEDURE OF IMPORT:
First of all factory send the import demand to import section at least six month ago. The import
sections, after receiving the demand consults different parties to call the quotations both consult
each other by fax or italic. The representative suppliers are mostly in Karachi and Lahore. Then
import section sends the one copy of the description of the goods the mills manager or technical
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manager for inspection either the description of the goods according to their standard. When they
pass the description, the import section commercially checks the prices whether the prices are
appropriated or not. They also check the fluctuations in the prices with the previous yearThen the
made a comparisons charts of these quotation finally these prices approved by the following
persons:

Executive Director

Chief Executive,

Import In charge
They open the letter of credits in the bank by seen a quality, quantity and the prices the good and
the machinery is shipped according to the term and condition settled. At the port the company
pays custom duties and the goods are brought to the mills.
In the case of spare parts same procedure is repeated but in a fast way. In the case of raw
material also procedure is adopt.
2.4.4 Summary of Learning:
Skills & Qualifications:
Most students when doing an internship are primarily looking to improve their English; a lot of
students also cite that having the company experience to add to your CV to help you find future
jobs as a motivator to do an internship. But an internship can help me with more than just that, I
should consider while I am in a placement how to use the opportunity to better myself and
develop these skills;-
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How to work with co-workers? Everyone is different and getting along with co-workers isn’t
always easy, I learn how to interact with different types of people in a professional setting, this
can take some getting used to but will help me to settle in at new jobs faster.
Awareness: One benefit of an internship is the opportunity to test out a job, employment setting,
management style and other aspects of a workplace. In some cases, I found that I like the job or
certain traits of the workplace. Either way, I have developed a more fine-tuned view of what I
want when I will search for full-time jobs or other professional positions.
Time management skills: To be an effective employee and successful, I must be able to manage
my time efficiently. Most people have fairly good time management skills from School or
University experience. In the workplace however it can be quite different, often with a much
higher tempo of tasks needing to be completed and usually unforeseen variations during the day.
I learn new techniques of how to manage your time better. “I learned two important things:
Never enter your boss’s office without pen and paper, and your boss usually has a boss too.”
And some other skills are the following:
1. Communication Skills
2. Importance of listening skills
3. Strong Work Ethic
4. Team work Skills (work well with others)
5. Initiative
6. Interpersonal Skills (relates well to others)
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7. Problem-solving Skills
8. Flexibility/Adaptability
9. Computer Skills
10. Technical Skills
11. Self-confidence
12. Creativity
13. Strategic Planning Skills
14. Entrepreneurial Skills/Risk-Taker
15. Sense of Humor
Responsibilities during Internship:
I completed all the responsibilities that were assigned to me during internship period. It was a
very big challenge for me to complete all the responsibilities. The responsibilities that are
assigned to me were as follows;
 I am responsible for completing all the departmental paperwork.
 I am responsible to submit my task on time.
 I am responsible for identifying the opportunities.
 I am responsible for time management.
 I am responsible for my strong work ethics.
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 I am responsible for recording internship activities in a structured form.
 To uphold the High Point organization Conduct Code and act in an ethical
manner while representing the host organization.
 To attend seminars and meetings whenever it holds.
 To work proactively with other team members.
 To communicate effectively with the supervisor and other staff within the
organization.
Does Internship Influence My Future Career Plans?
On a personal level I think my self-confidence has increased because Ihave been able to master
some of the skills needed for this job and Ihavebecome morecomfortable having conversations
with all types of people. Inthe beginning I was hesitant to share what I thought about a
situationbecauseIwasn’tsureifIwasrightinmythinking,butmovingthroughoutthe internship I have
become more comfortable with speaking up. Internship influence my future career plans as
follows;
Gain work experience & transferable skills:
Through internship I gained work experience and knowledge as well. It will be very helpful for
me in future. This experience makes me more marketable; as I might be require less training and
assumed to be able to handle more responsibilities. In addition to specialized skills of my field,
transferable skills are generally required at any job.
Be able to experience a prospective career path:
Exploring is a very important part of the academic process, and gaining a work experience is a
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great way for me to acquaint myself with a field that I am looking to learn about. By an
internship I have confidence that the experience that I am receiving is right one for me.
Develop skills:
Learning new skills in an internship can help in future employment opportunities and make you a
competitive candidate in future application processes.
Gain practical experience by applying methods & theories:
I learn best by being hands on. I can benefit by seeing the things that I have learning in the
internship period, put to action; whether it is a marketing development meeting or a counseling
session.
Gain confidence in your abilities:
Practice makes perfect. If you’ve learned about a specific technique in the classroom, you’re able
to test it out in the world of work. Then, you’ll be much more equipped with the technique.
Internship Activities Related to Class Room knowledge:
Yes, the internship activities related with my class room knowledge because the workplace
was entirely similar to the class room knowledge that I have gained from recent weeks.
The format or procedure adopted there was the same I have learned from my teachers in
my class room. In my internship period I learned how to register the firms? How they get
membership? What are the Visa Recommendatory processes? The guiding from my class
teachers helped throughout my internship period and was equally appreciable for my
success in this period.
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3. Conclusion:
In review this internship has been an excellent and rewarding experience. I have been able
to meet with so many people that I am sure will be able to help me with opportunities in
the future.
After the completion of the internship in forward sports private limited I conclude that the
overall performance of the forward sports is vary well and the Profit of the company
increases every year due to increase in sale and decrease in cost of production. The main
reason due to which the cost of the company decreases every year is that company move
towards automation, which reduces the labor cost up to 65%. The CEO Mr. Khawaja
Masood Akhtar, a young, ambitious mechanical engineer has the full interest to adopt the
automation and vary hard worker and educated person. Forward sports is ISO and FIFA
certified company Provide better quality products in all over the world, the football of the
forward sports use in the world cup of the foot ball and currently all the production for the
world cup according to the requirement of the Adidas. Forward sports provide many
incentives to the employees like Free Transport facility, Medicalallowances, Meal
allowances, Gratuity fund, Bonuses and Interest free credit. Forward sports is the first one
in the Sialkot which produce the largest football production and it the first one which has
the Thermo-Molded Machine which produce the football without stitching.
Forward
sports are the Lean system organization and employee has the special training of Lean
system from Japan.
Forward overall position is better but it requires some improvements in the HRM department,
Production department and the exports department. I hope that the future of the forward sports is
very bright and its performance will be improved every year.
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3.1 SWOT Analysis:
SWOT is essentially a process for evaluating the present condition or situation of an organization
in term of its environment. In this method we check strengths, weakness, opportunities, threats
points of every organization.
Strength:
Forward Sports (Pvt.) Ltd is the biggest manufacturer and exporter of
footballs in Pakistan.
Forward Sports (Pvt.) Ltd has honor to manufacturing footballs for world cup.
Forward Sports (Pvt.) Ltd is the sole manufacturing of Brazuca.
Forward Sports has strong Research and development department to
counter for innovations to lead in the international market.
Forward Sports is financial stable and has no issues regarding Finance.
Moreover, financial footing of the whole Forward group is strong.
The organization has achieved economics of scale which had helped us in
minimizing costs.
Quality of our products is our major Strength.
Authorized manufacturer of Adidas International Trading BV meeting its
requirement successfully is our success.
Weakness:
There are some areas over which efforts are being needed to overcome. Issues are as
under:
International competition may affect its sales if other countries (like china,
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India, Sri Lanka) depreciate their currencies.
Opportunities:
Forward Sports has opportunities to explore further markets based on above
referred strengths.
Other international chains of customers are approaching us. Resultantly, nonAdidas business is increasing rapidly.
We are continuously increasing our production Capacity to support the higher
sales orders and increased market share. Currently, we have increased capacity
by 100,000 footballs per month from 600,000 footballs to 700,000.
Threats:
Tough competition with other international manufacturer.
Adidas international may terminate the contract.
3.2 RECOMMENDATIONS:
o Forward should use its own brand name.
o Forward should not depend upon only few customer sit should find other
sports customers.
o Forward should focus on its production department for increasing
production efficiency.
o Forward should increase the salaries of its employees.
o Forward should improve the performance of HRM department.
o Forward should make the arrangement of more generators due the electricity
problem.
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o HRM department is required to hire efficient employees
o Forward must fulfill the requirement of major present customers like NIKE,
PUMA and ADIDAS etc.
o The management of forward should accountable for any wrong deeds.
o Forward should increase employee’s commitment by encouraging and rewarding
them.
o Forward sports must have the canteen for lunch of the employees.
o Forward should adopt centralized decision-making.
o Forward should make its organizational culture more strong.
o Forward should make the arrangement of different seminars to increase the
employee commitment with the organization.
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4 References:
During the project, besides our practical work we also have consulted some books about our
practical work for completion of project in effective manner. A list of all references which has
been consulted and the data has been derived from, are given as under:Mr. Asif Ali Butt
(Accounts & Finance Manager)
Mr. Muhammad Mansha
(Audit & Costing Manager)
Mr. Zia-ul-Islam Qureshi
(Cash Flow Manager)
Mr. Zulqarnain Ashraf
(Export & Import Manager)
Mr. Saleem Nawaz
(H.R Manager)
Mr. Qazi Amir Khalil (Accounts & Payroll Officer)
Mr. Ahmed shakeel
(Accounts Officer)
a.
http://sports.forward.com
b.
http://www.google.com
c.
http://www.wikipadia.com

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