Letter of Transmittal
The Principal,
Hailey College of Banking & Finance
University of the Punjab,
Lahore.
Subject:
Submitting the Internship Report
Respected Sir,
As a part of the MBA program of the faculty of Business Studies, an internship is
enclosed herewith, which is submitted as a requirement for a partially fulfillment
MBA program at PUNJAB University.
In the course of preparation of the report, relevant data, concerning articles, and
information were studied and practical knowledge had been gathered.
It has been a unique experience to carry out such research work. And also this was
an opportunity for me to enrich my knowledge by having an acquaintance with the
practice that will help me a lot in my career.
I have tried my best to make this report informative. However, despite my best effort,
there may remain some flaws in the report. I hope and pray that the mistakes will
be kindly excused.
Yours Sincerely
Khalid
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Acknowledgement
All the praises are for the almighty, Allah who bestowed me with the ability and
potential to complete this Internship. I also pay my gratitude to the Almighty for
enabling me to complete this Internship Report within due course of time. Words
are very few to express enormous humble obligations to my affectionate Parents
for their prayers and strong determination to enabling me to achieve this job.
I take this opportunity to record my deep sense of gratitude and appreciation to my
Internship Advisor Ali M. Mansha Assistant Manager Accounts, Nishat Mills Ltd. for
his constant encouragement and inspiring guidance with his Wisdom.
I also appreciate the cordial co-operation from all my concern Managers in the
different departments of Nishat Mills Ltd especially Mr. Mohammad Azam (CFO),
Mr. Mumtaz Hassan Manager Accounts Dyeing Division, and Admin & HR
management for providing me requisite information and knowledge for compilation
of my complete Internship.
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Executive Summary
Nishat has grown from a cotton export house into the premier business group of
Pakistan with 5 listed companies, concentrating on 5 core businesses; Textiles,
Cement, Banking, Insurance, Hotels and Power Generation. Today, Nishat is
considered to be at par with multinationals operating locally in terms of its quality
products and management skills.
I recently have done my internship in Nishat Mills Limited, in which I got training
from its accounts department. The internship basically revolved around the
accounts management training on the one of the best data bases of world- Oracle.
The system, the style of working & the commitment of the employees in NML is
really immaculate.
The difference between the success & failure is doing things right and doing things
nearly right, & NML has always tried for success & that is why it is known to be one
of the leading organizations in Pakistan. Irrespective of all these positive points of
Nishat Mills Limited, I have noticed a few areas where the improvement can really
increase the efficiency of NML.
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Company Introduction
“A textile is a flexible material comprised of a network of natural or artificial fibers
often referred to as thread or yarn. Textile is formed by weaving, knitting, crocheting,
knotting or pressing fiber together.”
When Pakistan came into being there were only 16 textile mills out of which only 12
were in operation. It grew to 70 in 1957 as industrial development take place. Now
days there are 596 textile mills out of which 442 are in operation. The export
revenue of textile industry contributes a large share to the GDP of Pakistan.
Nishat Mills Limited is the flagship company of Nishat Group. It was established in
1951. It is one of the most modern and largest vertically integrated textile companies
in Pakistan. The Company is engaged in the business of textile manufacturing and
of spinning, combing, weaving, bleaching, dyeing, printing, stitching, apparel,
buying, selling and otherwise dealing in yarn, linen, cloth and other goods and
fabrics made from raw cotton, synthetic fiber and cloth and to generate, accumulate,
distribute, supply and sell electricity.
Nishat Mills Ltd. Is Pakistan ‘s largest textile processing capacity having 176500
and 458 weaving machines. NML produces ring-spun cotton and blended yarn of
course; medium and fine quality counts and commands a premium in local as well
as overseas market.
Nishat group of companies is a premier business house of Pakistan. The group has
presence in all major sectors including Textiles, Cement, Banking, Insurance,
Power Generation, Hotel Business, Agriculture, Dairy and Paper Products. Today,
Nishat Group is considered to be at par with multinationals operating locally in terms
of its quality products and management skills.
Status of the Company: Public Interest Company (PIC) and Listed on Pakistan
Stock Exchange Limited
Company Registration Number: 0001053
National Tax Number: 2180652-7
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Historical Overview of an Organization
Nishat mill limited (“the company”) is the most modern and largest textile company
in Pakistan.
Nishat Mills Limited is also called the flagship company of the Nishat Group. Nishat
Group (“the group”) is a leading business entity in South Asia(SA). Its net worth
makes it the largest business house of Pakistan. The Group has grown from a
cotton export house into the premier business group of the country.
Over the company have 32 manufacturing units each specializing in a specific
product range located in Faisalabad, Sheikhupura, Ferozewatwan and Lahore. The
company’s production facilities comprise of spinning, weaving, printing, dyeing,
home textile and garment stitching and power generation.
A major portion of the Company’s earning is export based. The Company has a
very broad base of customers for its products outside Pakistan.
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Over The Years
1951
Nishat Mills Limited commenced its business as partnership.
1959
The company was incorporated as private company limited.
1961
Nishat Mills Limited was listed on Karachi Stock Exchange.
1989
The Company was listed on Lahore Stock Exchange.
1992
The Company was listed on Islamabad Stock Exchange.
1996
Acquired the operating assets of Nishat Tek Limited and Nishat Fabrics
Limited.
2005
Acquired the assets of Umar Fabrics Limited.
2008
Acquired the assets of Nishat Apparel Limited.
Nishat Group
“The Nishat Group” Mian Muhammad Mansha Yahiya is the captain of this splendid
ship having around 30 companies on board. Mian Mansha, who owns the Muslim
Commercial Bank as well, is now setting up a billion-rupee paper sack project too.
He is one of the richest Pakistanis around. Nishat Group was country’s 15th richest
family in 1970, 6th in 1990 and No.1 in 1997. Mian Mansha is on the board of nearly
50 companies. Mian Mansha is married with Yusuf Saigol’s daughter.
He is deemed to have made investment in many bourses, currency and metal
exchanges both within and outside Pakistan. He has had his share of luck on many
occasions in life and has been awarded Pakistan’s highest civil award by President
Musharraf. He could have bought the United Bank too, but then who doesn’t have
adversaries.
The history of Nishat Group dates back to 1951, when Mian Muhammad Yahiya
founded Nishat Mills Limited.
The man of vision, courage and integrity, Mian Muhammad Yahiya was born in
1918 in Chiniot. In 1947 when he was running leather business in Calcutta, he
witnessed by the momentous changes that swept the indo-Pak subcontinent.
Beginning with a cotton export house, he soon branched out in to ginning, cotton
and jute textile, chemical and insurance. He was elected Chairman of all Pakistan
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Textile Mills Association. He died in 1969, at the age of 51 having achieved so much
in so short time.
After almost half a century of undaunted success, Nishat Group is among the
leading business houses of the country and ranks among the top 5 groups in
terms of assets and sales revenue.
The Nishat Group has its root firmly planted into four core business namely:
 Textile
 Banking
 Cement
 Power Generation
Textile
The textile business is further subdivided into 2-textile division:
i.
Nishat Faisalabad
ii.
Nishat Chunian
The textile capacity of the group is the largest in the country. An addition of 20,000
new spindles, 100 new air jet looms, and new dyeing plants has increased the
exiting capacity of 242,000 spindles, 740 looms and dyeing and finishing capacity
of 5 million meter. Nishat is the largest exporter of textile product from Pakistan for
more than decade.
Banking
In 1991, Nishat Group ventured into the financial sector through the acquisition of
Muslim Commercial Bank (MCB). MCB has grown ever since and is now the largest
bank in private sector. MCB has a network of over 1200 branches employing over
12000 people.
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Cement
In 1992, Nishat Group acquired D.G Khan Cement Company Limited (DGKCC)
from the second largest project of the group and is legally located in the heart of the
country, with easy access to transportation all over Pakistan. DGKCC unit no.1 has
a capacity of 2,200 tons per day. A new unit having the capacity of 3,300 tons was
setup in Pakistan. International Finance Corporation and common wealth
Development Corporation have finance this unit, with the addition of unit no.2,
DGKCC has become the largest manufacturer of the cement in Pakistan.
Power Generation
Nishat Group has also been a pioneer in power generation in the private sector of
the country. Nishat Group the first power generation unit in the private sector in
1995.
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Vision Statement
To be remaining industry lead by safeguarding stakeholders’ interest, serving
community and playing a meaningful role in the economy of the Pakistan.
To transform the company into a modern and dynamic yarn, cloth and processed
cloth and finished product manufacturing Company that is fully equipped to play a
meaning basis in the economy of Pakistan. To transform the company into a
modern and dynamic power generating Company that is fully equipped to play a
meaningful role on sustainable basis in the economy of Pakistan.
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Mission Statement
To increase financial returns by pursing sustainable business producing the best
quality products & providing excellent customer services while adopting best
practices.
To provide quality products to customers and explore new markets to
promotes/expand sales of the company through good governance and foster a
sound and dynamic teams, so as to achieve optimum prices of products of the
Company for sustainable and equitable growth and prosperity of the Company.
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Associated Companies
DG Khan Cement Company
Limited
Nishat Paper Product Company
Limited
Lalpir Power Limited
Nishat Energy Limited
Nishat Dairy (Private) Limited
Nishat Hotels And Properties
Limited
Pakgen Power Limited
Nishat Dairy (Private) Limited
Hyundai Nishat Motor (Private)
Limited
Nishat Sutas Dairy Limited
Nishat International FZE
Security General Insurance
Company
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Organizational Structure
Board of Directors
Chief Executive Officer
Spinning
Division
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HR
Maqnagement
Weaving Divsion
Internal Audit
Dyeing Divsion
Finance & MIS
Home Textile
Divsion
Supply Chain
Management
Garments
Division
Corporate
Secretariat
Power Division
Production
Terry Division
Marketing
Board of
Committees
Audit Committee
Human Resources
& Remuneration
Committee
Company Information
Board of Directors
 Mian Umar Mansha (Chief Executive Officer)
 Mian Hassan Mansha (Chairman)
 Mrs. Mehak Adil
 Mrs. Sara Aqeel
 Syed Zahid Hussain
 Mr. Farid Noor Ali Fazal
 Mr. Mahmood Akhtar
Audit Committee
 Mrs. Mehak Adil (Chairperson / Member)
 Syed Zahid Hussain (Member)
 Mr. Mahmood Akhtar (Member)
Human Resource & Remuneration (HR & R) Committee
 Mrs. Sara Aqeel (Chairperson / Member)
 Mian Umar Mansha (Member)
 Mr. Mahmood Akhtar (Member)
Chief Financial Officer
 Mr. Mohammad Azam
Company Secretary
 Mr. Khalid Mahmood Cohen
Auditors
 Riaz Ahmad & Company Chartered Accountants
Legal Advisor
 Mr. M. Aurangzeb Khan, Advocate, Chamber No. 6, District Court,
Faisalabad
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Competitors
Cresent Mills Ltd.
Alkaram Mills Ltd.
Chenab Mills Ltd.
Kohinoor Mills Ltd.
But main competitors of Nishat Mills Limited are:

Crescent Textile Mill

Chenab Textile
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Arzoo Textile Ltd.
Amtex Mills Ltd.
.
Business Division of Nishat Mills Limited
Spinning
Weaving
Processed Cloth
Garments
Power Generation Facilities
Nishat Linen
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1. Spinning
Nishat Mills spinning division has over 263,832 spindles, which are operationally
organized into 8 spinning units. The entire machinery is from re-owned
manufactures.
All yarn made at Nishat are ring spin suitable for both kneading and weaving. Beside
the best Pakistani cotton, long stapled American, Egyptian and US pima cotton is
also used for fine count.
For strong belief in product development and innovation Nishat have its own in
house state of the art cotton and yarn testing laboratories. Nishat spinning is one of
the most trusting brands in the market due to its efficient production and quality.
Spinning has Production capacity of 86.111 million kgs of yarn per annum.
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2. Weaving
Nishat Mill Weaving division has 790 looms which produce approximate 289.273
million square meter of fabric per annum and make it the largest weaving facility of
Pakistan catering to home textile and apparel fabric. Product Range: 100% cotton
and poly cotton fabrics, in plain weave, Twills, Drill satin, Bedford cords,
Herringbones, Pique and Rib cords.
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3. Processing Cloth
Processed cloth of the Nishat mill limited is export in different countries. In
processing
the fabric passed through differ rent steps and then its convert in
finished cloth.
These steps are:
 Bleaching
 Dyeing
 Finishing
 Printing
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4. Garments
Garments are the finishing product of Nishat mill limited. Garments are ready to
wear product and it’s include men and women wear jeans, etc. Nishat Mill Limited
has state of art garment manufacturing facility both for men and women. The
division has the capacity to produce 8.40 million garments per annum.
The garment wet process utilizes the modern technique of rinse, Enzyme stone,
Enzyme wash, super Bleach, Reducer wash, Tint wash and Raisin wash. In order
to obtain best results, our facility is geared with Tonelli washing machine, Maine
dryer, Wrinkle curing hangers and barrel washing machine and dryer for sampling.
Their qualified teams utilize the equipment to obtain the optimal result and cater to
the specific need of the client.
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5. Power Generation Facilities
Nishat Mills has established state of the art, modern, highly reliable and extremely
efficient captive co-generation power plants to cater in house energy requirements
at all its spinning, weaving, processing, stitching and apparel units. These facilities
are using Wartsila, Caterpillar, Cummins, Daihatsu, Jenbacher & Make engines for
power generation. Gas, Furnace Oil, Diesel, Coal & Biomass and Steam is being
used as fuel for power generation.
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6. Nishat Linen
Nishat Linen is a concern of Nishat Mills, the textile and home fashion retail chain
that has redefined the industry attention paid to quality, design and affordability.
Nishat Linen prides itself on being the brand of preference for discerning customers
who are in search of things, unique and chic without compromising on aesthetics or
price. Unsurpassed customer service, including tailor-made orders, ensures our
clientele remains loyal to the Nishat family.
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Products of Nishat Mills Limited
Nishat mills limited basically a textile mill. This is providing products in which:
 Bed Sheet Sets
 Quilt / Duvet Cover Sets
 Comforter Sets
 Curtains
 Table Linen
 Towels
 Women wear
 Kids wear
 Sofa Cover
Critical Analysis
The owner of the Nishat is one of the richest persons of the Pakistan and have
diversified portfolio in different sector like cement, Bank, Insurance, Hospitality and
Hotels, Agriculture and Dairy, Paper products, Real estate. They have their own
power generation plant and Nishat is the pioneer in private sector, that generates
power and also sells to WAPDA.
The company provides a good ratio of bonuses to his labor staff in order to keep
them highly motivated. Company is using financial resources adequately and Audit
is done properly at the end of every financial period to show the true picture of the
company to the general public. The political situation of Pakistan is not satisfactory.
Due to the rapid change in the Government every government sets its own new
trade policies. Govt. should apply sustainable policies for the beneficial of the
exporters as well as the investors.
The economic condition of Pakistan can also affect the foreign investors increasing
inflation rate make the cost of production high and thus reduce the profit margin of
the investor. The change in the lifestyle of the people affects the growing demand
of the NML products. The change in the lifestyle and needs in different
demographics also affect the demand of the customers.
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Due to all these changes NML is performing excellent for the excellence
organization as well as for the customer. They have a management information
system by which the departments and employees are connect with each other and
they have a data ware house by which they can share their resources easily. Nishat
Mills Limited is using advance technology to produce goods like they have modern
machinery by which the quality of product is enhanced.
They are using modern looms which they have purchased from Japan and France.
Nishat Mills Limited is using advance technology to produce goods like they have
modern machinery by which the quality of product is enhanced. They are using
modern looms which they have purchased from Japan and France. The production
cost is high because resources are not properly utilized. The decisions are made
by the upper management which is weakness of the Nishat because they have no
proper idea about the situation and their decision can be not fruitful for the company.
Although Nishat is very strong at national level but it has small market share in the
global textile industry due to the sound competitors like China, and Bangladesh etc.
The advertising and promotional cost of the Nishat textile is very low it can take
advantage for more turnouts. Nishat Mills is providing transport facility to their
employees but do not provide any other facility like medical.
As the leading textile company of the country, the Company is in a position to avail
and exploit a number of opportunities. Following is the summary of some exciting
opportunities. Regionally diversified customer base across the world provides a
sustainable growth to export sales.
The exports are major part of our revenue. We face the risk of pandemics,
competition and decline in demand of our products in international markets. We
minimize this risk by building strong relations with customers, broadening our
customer base, developing innovative products without compromising on quality
and providing timely deliveries to customers.
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Bargaining
Power of
Customers
Barriers of
New Entry
Industry
Competition
Threats of
Subtitutes
Bargaining
Power of
Suppliers
Bargaining power of Suppliers
The bargaining power of suppliers in the industry tries to evaluate the scene of
supply market of the textile industry. The main raw material of textile industry is
cotton. The NML achieves cost advantage in the segment of apparel as well as
home textile with the help of unending supply of local staple cotton which have been
domestically produced.
Further, government and other policy makers have taken definitive steps for
improving the amount and quality of cotton yield for making sure that higher
productivity can be achieved.
Bargaining power of customers
Bargaining power customers is also a threat for a firm operating in industry. The
buyers affect the profitability in such a way that he wants discount and other
services which might lower the margin of profit for the company. The demand forces
inside NML can be evaluated with the help of bargaining power which the buyer
possess.
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Industry competition
The number of competitors is highly dependent on these factors; The structure of
competition, the structure of industry costs, strategic objectives, and degree of
differentiation, entry and exists barriers and switching costs. Another threat of
Nishat Mills is the hyper competition of industry. Competitor’s action affects the
profitability of NML.
Threats of new entrants
This factor helps in increasing the competitive nature inside the industry to a greater
level. On the other hand, the threat is also incremental in bringing increased amount
of capacity in the market. To avoid this threat NML has gain economies of scale.
Threat of Substitutes of product
This threat is dependent upon several different factors. The relative price and
performance of substitute, consumer’s interest in substitute product, and the cost.
Its major threat for NML.
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Ratio Analysis
Ratio Analysis is a form of Financial Statement Analysis that is used to obtain quick
indication of a firm’s financial performance ratio analysis of Nishat Mills Limited.
Gross Profit Ratio
Net Profit Ratio
Return on Equity (After Tax) Ratio
Return on Assets Ratio
Current Ratio
Quick Ratio
Cash to Current Liabilities Ratio
Long Term Liabilities to Current Liabilities Ratio
Assets Turnover Ratio
Fixed Asset Turnover Ratio
Inventory Turnover Ratio
Earnings per Share
Dividend Payout Ratio
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1. Gross Profit Ratio
Gross Profit Ratio is a financial ratio that measures the performance and efficiency
of business by dividing its gross profit figure by the total net sales. The gross profit
ratio can also be expressed in percentage form, multiplying the result by 100. It is
then called gross profit percentage or gross profit margin.
Formula
𝑮𝒓𝒐𝒔𝒔 𝑷𝒓𝒐𝒇𝒊𝒕 𝑹𝒂𝒕𝒊𝒐 =
𝑮𝒓𝒐𝒔𝒔 𝑷𝒓𝒐𝒇𝒊𝒕
𝑵𝒆𝒕 𝑺𝒂𝒍𝒆𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Gross Profit
9,317,855
7,276,126
Net Sales
71,431,010
60,904,096
Ratio
13.04
11.95
Interpretation
The gross profit margin in 2021 is 13.04%, it states that 13.04% of net sales are
available to pay off all the operating expenses including selling and distribution,
administration, financing and taxes.
The gross profit margin in 2020 is 11.95%, it states that 11.95% of net sales are
available to pay off all the operating expenses including selling and distribution,
administration, financing and taxes.
It shows that company is doing well to increase its operating expenses even after
its sales increases, which means the company has increased its cost of sales
effectively from financial period 2020 to 2021.
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2. Net Profit Ratio
The Net Profit Ratio, also referred to as the net profit margin is a way to measure
the financial performance or profitability of a business in relation to the costs
associated with the production and distribution of products along with other
expenses. Accountants, finance professionals and investors use net profitability
ratios to determine the financial value of company.
Formula
𝑵𝒆𝒕 𝑷𝒓𝒐𝒇𝒊𝒕 𝑹𝒂𝒕𝒊𝒐 =
𝑵𝒆𝒕 𝑷𝒓𝒐𝒇𝒊𝒕
𝑵𝒆𝒕 𝑺𝒂𝒍𝒆𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Net Profit
5,922,470
3,506,284
Net Sales
71,431,010
60,904,096
Ratio
8.29
5.76
Interpretation
The net profit ratio in 2021 is 8.29%, it means on every 1 rupee that you have
invested in the business you earn 8 paisa.
The net profit ratio in 2020 is 5.76%, it means on every 1 rupee that you have
invested in the business you earn 5 paisa.
It shows that the company has increased its net profit from 5.76% to 8.29% from
2020 to 2021, it is mainly due to other gains to be more specific due to gain on
extinguishment of original GIDC liability.
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3. Return on Equity (After Tax) Ratio
The Return on Equity Ratio or ROE is a profitability ratio that measures the ability
of a firm to generate profits from its shareholder’s investments in the company. In
other words, the return on equity ratio shows how much profit each rupees of
common stockholders’ equity generates.
Formula
𝑹𝒆𝒕𝒖𝒓𝒏 𝑶𝒏 𝑬𝒒𝒖𝒊𝒕𝒚 =
𝑵𝒆𝒕 𝑷𝒓𝒐𝒇𝒊𝒕
𝑺𝒉𝒂𝒓𝒆 𝑯𝒐𝒍𝒅𝒆𝒓𝒔 𝑬𝒒𝒖𝒊𝒕𝒚
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Net Profit
5,922,470
3,506,284
Share Holders Equity
85,747,779
71,427,860
Ratio
7.06
5.08
Interpretation
Return on equity in 2021 is 7.06%, it means that every rupees of common
stockholders’ equity generates 7 paisa of net income.
Return on equity in 2020 is 5.08%, it means that every rupees of common
stockholders’ equity generates 5 paisa of net income.
It shows that the company has increased its return on equity with 1% increase from
financial year 2020 to 2021, which means company has increased its ability of a
firm to generate profits from its shareholder’s investments more effectively and
efficiently.
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4. Return on Assets Ratio
The Return on Assets ratio, often called the return on total assets, is a profitability
ratio that measure the net income produced by total assets during a period by
comparing net income to the average total assets. In other words, the return on
assets ratio or ROA measures how efficiency a company can manage its assets to
produce profits during a period.
Formula
𝑹𝒆𝒕𝒖𝒓𝒏 𝑶𝒏 𝑨𝒔𝒔𝒆𝒕𝒔 𝑹𝒂𝒕𝒊𝒐 =
𝑵𝒆𝒕 𝑷𝒓𝒐𝒇𝒊𝒕
𝑨𝒔𝒔𝒆𝒕𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Net Profit
5,922,470
3,506,284
Assets
131,112,374
110,660,914
Ratio
5.17
3.17
Interpretation
Return on assets ratio is 5.17% in 2021. It shows, every rupee that the company
invested in assets during the year produced 5 paisa of net income.
Return on assets ratio is 3.17% in 2020. It shows, every rupee that the company
invested in assets during the year produced 3 paisa of net income.
It shows that the company has increased its return on assets with 2% increase from
financial year 2020 to 2021, which means company efficiency the used its assets
more effectively and efficiently.
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5. Current Ratio
The Current Ratio indicates a company’s ability to meet short-term debt obligations.
The current ratio measures whether or not a firm has enough resources to pay its
debts over the next 12 months. Potential creditors use this ratio in determining
whether or not to make short-term loans. The current ratio can also give a sense of
the efficiency of a company’s operating cycle or its ability to turn its product into
cash. This ratio is also known as the working capital ratio.
Formula
𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑹𝒂𝒕𝒊𝒐 =
𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑨𝒔𝒔𝒆𝒕𝒔
𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒆𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Current Assets
45,460,218
40,523,527
Previous Liabilities
32,730,688
29,707,601
Ratio
1.39
1.36
Interpretation
The current ratio in 2021 is 1.39%, which means company has current assets 1.39%
times larger than current liabilities. In other words, for every Rs. 1 of current liability,
the company has Rs. 1.39% of current assets available to pay for it.
The current ratio in 2020 is 1.36%, which means company has current assets 1.36%
times larger than current liabilities. In other words, for every Rs. 1 of current liability,
the company has Rs. 1.36% of current assets available to pay for it.
It shows that company current ratio has increased from 1.36 to 1.37, its mainly due
to decrease in current liability and also due to increase in current assets.
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6. Quick Ratio
The Quick Ratio, also known as the acid-test ratio, measures the ability of a
company to pay all of its outstanding liabilities when they come due with only assets
that can be quickly converted to cash. These include cash, cash equivalents,
marketable securities, short-term investments, and current account receivables.
Formula
𝑸𝒖𝒊𝒄𝒌 𝑹𝒂𝒕𝒊𝒐 =
𝑳𝒊𝒒𝒖𝒊𝒅 𝑨𝒔𝒔𝒆𝒕𝒔
𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Liquid Assets
27,487,527
19,769,984
Current Liabilities
32,730,688
29,707,601
Ratio
0.75
0.67
Interpretation
The quick ratio of 2021 is 0.75% which shows that company has enough current
assets to cover its current liabilities. For every Rs. 1 of current liability, the company
has Rs. 0.75% of quick assets to pay for it.
The quick ratio of 2020 is 0.67% which shows that company has enough current
assets to cover its current liabilities. For every Rs. 1 of current liability, the company
has Rs. 0.67% of quick assets to pay for it.
It shows that company quick ratio has increased from 0.67% to 0.75, it’s mainly due
to decrease in current liability and also due to increase in quick assets.
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7. Cash to Current Liabilities Ratio
Cash to current liabilities ratio, also known as the cash ratio, is a cash flow
measures that compares the firm’s most liquid assets to its short-term obligations.
This ratio allows an investor or analyst to understand the ability of a company to
meet its short-term liabilities (current liabilities) using its most liquid current assets
(cash and cash equivalents and marketable securities).
Formula
𝑪𝒂𝒔𝒉 𝑻𝒐 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒆𝒔 𝑹𝒂𝒕𝒊𝒐 =
𝑪𝒂𝒔𝒉
𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Cash
5,272,345
128,241
Current Liabilities
32,730,688
29,707,601
Ratio
0.16
0.00
Interpretation
The cash to current liabilities for the year 2021 of Nishat Mills Limited is 0.16%
which means company has 16% portion of current liabilities which can be met
through cash and company have to struggle to meet those obligations.
The cash to current liabilities for the year 2020 of Nishat Mills Limited is 0.00%
which means company has 0% portion of current liabilities which can be met
through cash which a significantly low and company have to extraordinary efforts to
meet those obligations.
By comparing both year ratios, it shows that company cash to current liabilities ratio
had increased significantly from 0.00% to 0.16% which means the increased is
more than double in latest year, higher cash to current ratio means that the
company has more cash to meet their current liabilities than 2020.
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8. Long Term Liabilities to Current Liabilities Ratio
The Long term liabilities to current liabilities ratio shows the percentage of long
term liabilities in comparison of current liabilities.
Formula
𝑳𝒐𝒏𝒈 𝑻𝒆𝒓𝒎 𝑻𝒐 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒆𝒔 𝑹𝒂𝒕𝒊𝒐 =
𝑳𝒐𝒏𝒈 𝑻𝒆𝒓𝒎 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒆𝒔
𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Long Term Liabilities
11,577,915
9,222,781
Current Liabilities
32,730,688
29,707,601
Ratio
35.37
31.05
Interpretation
The long term liabilities to current liabilities for the year 2021 of Nishat mills Limited
is 35.37 which means company has 31.05 portion of current liabilities as long-term
liabilities.
The long term liabilities to current liabilities for the year 2020 of Nishat mills Limited
is 31.05 which means company has 31.05 portion of current liabilities as long-term
liabilities.
By comparing both years ratios, it shows that company long-term liabilities to
current liabilities ratio have increased significantly from 31.05 to 35.37 which means
the increased is almost 4 time more than in 2020, higher long-term liabilities to
current liabilities means that the company has to struggle more to meet long term
liabilities and decreased in current liabilities indicates that company is doing well to
curtain its short-term obligations.
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9. Assets Turnover Ratio
The Total Assets Turnover Ratio compares the sales of a company to its assets
base. The ratio measures the ability of an organization to efficiently produce sales,
and is specially used by the third parties to evaluate the operations of a business.
Ideally, a company with a high total assets turnover ratio can operate with fewer
assets than a less efficient competitor, and so requires less debt and equity to
operate. The result should be a comparatively greater return to its shareholders.
Formula
𝑻𝒐𝒕𝒂𝒍 𝑨𝒔𝒔𝒆𝒕𝒔 𝑻𝒖𝒓𝒏𝒐𝒗𝒆𝒓 𝑹𝒂𝒕𝒊𝒐 =
𝑵𝒆𝒕 𝑺𝒂𝒍𝒆𝒔
𝑻𝒐𝒕𝒂𝒍 𝑨𝒔𝒔𝒆𝒕𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Net Sales
71,431,010
60,904,096
Total Assets
131,112,374
110,660,914
Ratio
0.54
0.55
Interpretation
The assets turnover ratio in 2021 is 0.54% which means the company is generating
Rs. 1 of sale for every rupee invested in assets.
The assets turnover ratio in 2020 is 0.55 which means the company is generating
Rs. 1 of sale for every rupee invested in assets.
It shows that company total assets turnover ratio has decreased from 0.55 to 0.54,
lower ratios mean that the company isn’t using its assets efficiently and most have
management and production problem.
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10. Inventory Turnover Ratio
Inventory turnover is the rate that inventory stock is sold, or used, and replaced.
The inventory turnover ratio is calculated by dividing the cost of goods by average
inventory for the same period. A higher ratio tends to point to strong sales and a
lower one to weak sales. The inventory turnover ratio is the number of times a
company has sold and replenished its inventory over a specific amount of time.
The formula can also be used to calculate the number of days it will take to sell
the inventory on hand.
Formula
𝑰𝒏𝒗𝒆𝒏𝒕𝒐𝒓𝒚 𝑻𝒖𝒓𝒏𝒐𝒗𝒆𝒓 𝑹𝒂𝒕𝒊𝒐 =
𝑪𝒐𝒔𝒕 𝑶𝒇 𝑮𝒐𝒐𝒅𝒔 𝑺𝒐𝒍𝒅
𝑰𝒏𝒗𝒆𝒏𝒕𝒐𝒓𝒚
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Cost of Goods Sales
62,113,155
53,627,970
Inventory
20,753,543
17,972,691
Ratio
2.99
2.98
Interpretation
The inventory turnover ratio of 2021 is 2.99 which means company is generating
the higher the inventory turnover ratio, the better. When the ratio is high, it means
that company able to sell goods quickly.
The inventory turnover ratio of 2020 is 2.98 which means company is generating
the higher the inventory turnover ratio, the better. When the ratio is high, it means
that company able to sell goods quickly.
It shows that company how well sales and purchasing departments work together.
If the two departments are well synchronized, company sell more, faster, so the
inventory turnover ratio will be higher.
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11. Earnings per Share
The Earnings Per Share (EPS), also called net income per share, is a market
prospect that measures the amount of net income earned per share of stock
outstanding. In other words, this is the amount of money each share of stock would
receive if all the profits were distributed to the outstanding shares t the end of the
year.
Formula
𝑬𝒂𝒓𝒏𝒊𝒏𝒈𝒔 𝑷𝒆𝒓 𝑺𝒉𝒂𝒓𝒆 =
𝑻𝒐𝒕𝒂𝒍 𝑷𝒓𝒐𝒇𝒊𝒕
𝑵𝒐. 𝑶𝒇 𝑺𝒉𝒂𝒓𝒆𝒔
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Total Profit
5,922,470
3,506,284
No. of Shares
3,515,999
3,515,999
Ratio
16.84
9.97
Interpretation
The earnings per share (EPS) ratio for the year 2021 of Nishat Mills Limited is
16.84% which means every shares of company’s common stock have earned
16.84% rupees of net income against Rs. 100 invested.
The earnings per share (EPS) ratio for the year 2020 of Nishat Mills Limited is
9.97% which means every shares of company’s common stock have earned 9.97%
rupees of net income against Rs. 100 invested.
By comparing both year ratios, it shows that company EPS ratio has increased from
9.97 to 16.84, higher EPS means that the company earning has increased over the
period of 2020 to 2021.
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12. Dividend Payout Ratio
The Dividend Payout Ratio measures the percentage of net income that is
distributed to shareholders in the form of dividends during the year. In other words,
this ratio shows the portion of profits the company decides to keep to fund
operations and the portion of profits that is given to its shareholders.
Formula
𝑫𝒊𝒗𝒊𝒅𝒆𝒏𝒅 𝑷𝒂𝒚𝒐𝒖𝒕 𝑹𝒂𝒕𝒊𝒐 =
𝑫𝒊𝒗𝒊𝒅𝒆𝒏𝒅
𝑬𝒂𝒓𝒏𝒊𝒐𝒏𝒈 𝑷𝒆𝒓 𝑺𝒉𝒂𝒓𝒆
Table
Year
2021
Rs.(000)
2020
Rs.(000)
Dividend
40.00
40.00
Earnings Per Shares
16.84
9.97
Ratio
23.75
40.12
Interpretation
The dividend payout ratio for the year 2021 of Nishat Mills Limited is 23.75 which
means company is paying out 23.75% of its net income to shareholders. The
remaining 76.25% of net income that is kept by the company for growth is called
retained earnings.
The dividend payout ratio for the year 2020 of Nishat Mills Limited is 40.12 which
means company is paying out 40.12% of its net income to shareholders. The
remaining 59.88% of net income that is kept by the company for growth is called
retained earnings.
By comparing both year ratios, it shows that company dividend payout ratio has
decreased from 40.12% to 23.75%, lower payout means that the company is
retaining more portion of earning for expansion than previous year.
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Competitive Analysis of Nishat Mills Limited
It’s an internal analysis of Nishat textile it shows the resources, competences, core
competences, competitive advantage of Nishat textile, and sustain position.
Resources of Nishat textile huge amount of investment in business, assets
machinery, brand name, employees, infrastructure, and better quality of material.
Competences of Nishat textile is the use of resources in appropriate and better way
so they are not wasted. Core competences of Nishat textile is advance machineries
and technology, well-educated employees, well management system, better
coordination with employees and management, feedback system, better MIS
system.
Competitive advantage of Nishat textile is high quality and standard products,
strong security system, highly motivated workforce, customer loyalty with brand,
ISO 9001-2000 implementation, well discipline culture and environment that
enables Nishat textile to compete with other competitors and achieve the
competitive advantage. Sustain competitive advantage of Nishat textile is its
product according to the trends and fashion to win its customer.
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SWOT Analysis
Strengths
ISO 9001-2000
Nishat textile is certified under ISO 9001-2000 and so it meets the requirement of
international standard and has a value in the mind of concern people.
Strong Security System
Nishat textile limited has a greater security system. There are different hidden
security cameras which capture the all moments.
OKTEX 100
Nishat is also Oktex 100 certified its mean that Nishat is satisfied to not using hazard
chemical using.
High Quality Product
Nishat textile limited using advance technology like they have modern machinery
by which the quality of product produced is very high.
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Latest Mechanized Machinery
They are using modern looms which they have purchased from Japan and France.
And by using that latest machinery the productivity of the employees is very high.
Tremendous Market Positioning
Nishat textile is one of the pioneer textiles in the Pakistan so it got the position in
the mind of its customer. And being an old textile company people are loyal with it.
Highly Qualified and Skilled Management
The management of Nishat is skilled they have hired the highly qualified people in
their management and also experienced people from all over the country.
Highly Motivated Workforce
They are providing better pay to their employees and also bonus to them which
motivate the workforce and they are doing well at work setting.
Adequate Financial Resources
The owner of the Nishat is one of the richest persons of the Pakistan and they have
more plant and investment in other industries like cement, Bank, they have
adequate financial resources to meet their requirements.
Competitive Advantage
Because it is an old textile and it has still keep its position in the textile market on
all others competitors in the nationwide which is its competitive advantage.
Equipped with MIS System
They have a management information system by which the departments and
employees are connect with each other and they have a data ware house by which
they can share their resources easily.
Own Power Generation Plant
They have own power generation plant and Nishat is the pioneer in the private
organization who start the power generation.
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Weaknesses
High Cost of Production
The production cost is high because of not properly utilization of its resources.
Centralized Decision Making
The decisions are made by the upper management which is weakness of the Nishat
because they have no proper idea about the situation and their decision can be not
fruitful for the company.
Weak Image in the International Market
Because of the other textile specialized countries like China, Bangladesh etc. the
international image in the textile sector is very weak.
We watched countries
providing cheap product to the market then Pakistan’s textile industries.
Small International Market Share
Although Nishat has very strong but it has small market share in the global textile
industry due to the sound competitors likes china and Bangladesh etc.
Less Promotional Activities
The advertising and promotional cost of the Nishat textile is very low it can take
advantage for more turnouts.
Lack of Benefits and Rewards for the Employees
Some facilities that other providing to their employees likes Transport and medical
fee etc. Nishat not providing to their employees because of which the productivity
of the employees decreases.
Opportunity
Organization can Expand Product Lines
Currently the Nishat not dealing in knitwear they can expand their product line by
producing knitwear. They have plants and the extra cost for the production will be
low for Nishat. And they also have better market repute.
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Organization Can Reduce the Cost by Proper Utilization of Resources
If the cost of different matters which is not utilizing properly is controlled by the
Nishat management they can produce more in a low cost. It has to develop a further
systematic process for controlling and managing resources.
Organization Can hire More Well-Educated and Experienced Person
They can take advantages by hiring more skilled people and they should hire young,
fresh and energetic staff for their betterment.
Threats
Buyer Needs Demands Changes
Because of the research and development, the design and the product of Nishat is
just satisfactory as compare to competitors in the globally and they are not fulfilling
the demand of customer.
Political Instability
Political instability effects the Nishat because of the quota system the company can
be restrict by the government to export.
Changed of Government Policies
Government policies are changing day to day so it is a threat for the Nishat to
survive in such a changeable situation.
Globally Economic Instability
Because of the economic instability the Nishat affected a lot. Dumping system which
is rising on daily basis in the world can create many problems for the company and
any uncertainty in the world like 9/11 may affect also the overall export.
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PEST Analysis
Political Instability
The political situation of Pakistan is not satisfactory. Due to the rapid change in the
Government every government sets its own new trade policies. Govt. should apply
sustainable policies for the beneficial of the exporters as well as the investors.
Economic Situation
The economic condition of Pakistan can also affect the foreign investors increasing
inflation rate make the cost of production high and thus reduce the profit margin of
the investor.
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Social Situation
The change in the lifestyle of the people affects the growing demand of the Nishat
Textile Mills products. The change in the lifestyle and needs in different
demographics also affect the demand of the customers. Due to all these changes
Nishat Textile Mills is performing excellent for the excellence organization as well
as for the customer.
Technological Factor
Technological advancement in all the sectors of the country has changed the entire
socio-economic environment. Especially in the textile sector there is a lot of
technological development. Excellent computerized machines and devices are
installed in the Nishat Mills Limited. They have made extension in its present setup
by installation of well advanced technology imported from Japan, China and France.
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Plan of my Internship Program
Branch Introduction
NDF is a purpose designed fabric dyeing and project with the capacity of 4.2 million
meters per month. It is specially designed to handle heavy weight fabrics like twills,
drills, canvases / poplins, fabrics with minimum tension, such as stretch fabrics and
all high-density weaves.
The advantage achieved by the customized design of its machines is the result of
an extensive research work with the help of world-renowned machine makers. The
standards are higher than ever, dedicated by fashion, efficient productivity and
further automation is engineered in the plant.
Nishat Dyeing & Finishing is considered to be one of the best and largest dyeing
plants in South East Asia with strong customer base & enjoys great relationship
with all major retailers of the world. Its extra ordinary R&D work and highly trained
marketing personal are key to sustain long term business relationships.
NDF Plant consists of different Departments of Dyeing, Finishing, Bleaching,
Quality Control, Research & Development. It is one of the main units of Nishat Mills
limited where raw material converted into consumer products.
Starting and Ending Date of Internship
It started from the 11st of October 2021 to 20th November 2021 in the accounts
department of Nishat Mills Ltd.
Department of Internship and Duration
I was hired as internee in unit#35 accounts by the acceptance of my application of
internship. I was to report to the Assistant Manager Dyeing sector, Mr. Muhammad
Ali Mansha. He introduced me to the system on which the accounts are maintained
on the daily basis.
It is oracle-based environment which has been modified by the IT department to
help Nishat to record maintain and report the accounts as required by the different
departments. It was 6 weeks’ internship. I learned a lot in this duration.
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1st Week
Entering the Journal Voucher for Expenses and Liabilities
In the first week I got familiarity with the system and with the basis entries in the
journal vouchers. These were for the expenses and liabilities to be recorded in the
official login of the AM. I got familiar with the working environment on the official
login of the organization and learned how it works to enable the smooth working of
the organization.
A ledger account contains a record of business transactions. It is a separate record
within the general ledger that is assigned to a specific asset, liability, equity item,
revenue type, or expense type. The specific expense and liabilities record to the
appropriate ledger for better understanding and record handling.
Scanning of Documents and Saving It to Specified Logins
In the same week, I also learned by helping the personnel on the floor the scanning
and printing of different documents. Nishat is turning to be a paperless organization
so a systematic linkage has been established among systems and scanners have
been attached to the floor that enables everyone to scan the papers and make a
soft copy of each document they receive in hard form. This is aimed to be an
environmentally friendly organization. Scanning the documents their reference
number and the amount stated on the voucher with their respective bills. So that it
can be easy to analyze and found the error for the error free accounting entries and
records.
2nd Week
Learned How to Use the Official Login and Emailing System
In the second week it is the next step forward on the system. I also learnt how to
use official logins and emailing. Because there is an official system working within
the organization, they use oracle system every employee has different email and
password and login details, which shows its separate identity. Every employee has
limited access to the company’s data.
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Bank Payment Voucher Entry in the Official Account
In the same week, the vouchers which company received from the bank. After
scanning they make entries in their official accounts to maintain their proper record
of the transaction. It is necessary to keep the up-to-date record for the better
performance of the company operations. I started entering bank payment vouchers
in the system with an official login of AM. Many bills were entered for payment that
these entries were registered and payments were to be made by the finance team
after checking and approval of Manager.
Assessing the Sales Tax by Calculating It Manually
Same week, Sales tax calculation and sales tax implications were learned under
the guidance of AM. Sales tax according to the rates specified by PRA is deducted
at source only on services received by the Mills. The same is repaid to PRA monthly
basis. Income tax is deducted while making payments to the creditors based on the
criterion specified by the FBR.
It is calculated by the sales department it is again calculated to check to correct
figures by the accounts department before recording it to the system. To calculate
the sales tax that is included in a company's receipts, divide the total amount
received (for the items that are subject to sales tax) by "1 + the sales tax rate".
3rd Week
Calculating the Amount of Income Tax Manually on Individual Bills for
Payments
In the third week, subtract the deductions from your Gross Total Income. The result
will be your total taxable income. After calculating your total taxable income, apply
the tax rates relevant for the financial year for which the income has been calculated
to compute your tax liability. AM doing it for the correcting of record and find out the
exact income tax rate and figure. Income tax and Sales tax both were assessed by
the manually calculating the amount from the bills.
Arranging and Filing Documents
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Same week, Arrange the documents as it requires and properly file it as in official
way to the file. So, it can be sent further to the other official use or may be to the
higher management for the approval. There are many imports documents like Bill
of Entry, Commercial Invoice, Bill of Lading / Airway bill, Import License, Insurance
certificate, Purchase order/Letter of Credit, Technical write up, literature etc. the
accounts officer arranges all the documents to maintain purchase records.
4th Week
Ledger Checking from the System for the Payment Reconciliation
In the fourth week I learned to check the ledgers of debtors and creditors of Nishat
Mils. Every creditor and debtor have certain codes allotted to them that are entered
in the system and the ledgers are opened in the system for reporting purposes.
These are reconciled at the month end with the payments made and expenses
recorded. Company's legal financial debts or obligations that arise during the course
of business operations it is checked in ledger records for to find out the creditors to
whom the company have to pay the liabilities to the pre decided date. After checking
company paid their liabilities.
Record Journal Entries in the System
In the Same week, an accounting journal is a detailed record of the financial
transactions of the business. The transactions are listed in chronological order.
Depending on the size and complexity of your business, a reference number can
be assigned to each transaction. An accounting journal page has columns for the
date, the account, and the amount debited or credited. Entries from the journal are
posted (entered in) to the ledger. The ledger shows which accounts are affected
and how they are affected.
Scanning and Printing of Vouchers for Making the Approval
In the same week, For the purpose of approval of a journal voucher a complete set
is formed comprising of certain documents that constitute a complete voucher to be
completed and to be sent for approval to the Manager. What is shown by the FBR
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regarding the creditor or debtor, ledger of the creditor. Likewise, the sales tax
voucher is accompanied by certain documents from the online FBR or PRA sites to
get it approved from the AGM or Manager Accounts. I scanned and make sets of
these vouchers that were to be sent for the approval.
Scan the documents from one to other to check the correct figure recorded on the
voucher because after scanning these documents it sends to the management for
further approvals. Careful scanning is very important in record handling. Then I
learn how to print the documents. Give the print command to the system CNTRL P
then select the range either want to print all pages or some of the part and then ok
for the final quarry.
5th Week
Finding GRN of Each Import from the Oracle
In the start of fifth week, I was a called for in the purchase department. It comprises
of a team of assistant managers headed by the Manager Mr. Shahid Bashir. It deals
with the imports of goods that are necessary for the production. As the foreign
reserves are on the shorter side in Pakistan so State Bank of Pakistan does not
allow importers to enter into purchase agreement of any import amounting more
than $10,000 and for that too, as the goods imported are reached in the Mills go
down, evidence of receiving of documents are sent to SBP at the allotted time given
by the SBP. All the imports documents are to be sorted out in the serial arrangement
to keep the serial wise arranged documents which helps to find the required
document that is to be sent to SBP on or before the allowed date. I arranged all the
documents of the year closed 2020-21 in serial wise. It took me two days to arrange
these documents. Then I was to find the GRNs- goods received numbers using the
system and then to find the related documents from the arranged documents. Then
I scanned all these documents and got the prints of these documents. These
documents include the invoice number and the carriage invoice of the respective
carrier. It was a new experience and purchase process is worth knowing.
GRN is a goods receivable note which shows how much goods we import and their
quantity. Search it the system Oracle to make sure that which GRN is shows either
we have that or not.
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6th Week
Learned Some on the Job Excel Skills
Same week, Report is made in excel which purpose is to identify how much raw
material is received by the production department the quantity of waste material
and produced goods and the quantity of total dispatched goods. I learn how to use
excel, learn some general rules and formulas because most of the working in
accounts department is doing through excel. Excel skills are very essential in work
place. They told me that the most important formula that they use in daily working
is SUMIF and VLOOKUP.
Fabric Reconciliation Report
Same week, costing team was assigned the task of stock taking from the Dyeing
unit #35. It was factory area where I visit and it took a detail check of units for the
closing Stock of month. All sorts of inventory including, Greige fabric, raw material,
work in process and finished goods data was taken with the counting of each
segment of inventory. It was hectic and tiring job. It took two days of doing it. It is a
necessary task that needs to be undertaken to have a completer check on the
production process. There are teams working in the factory and jobs have been
assigned on the skills bases. Most of the production is exported. I came to know
that the most expensive dyed fabric is being produced in Nishat that have a
luxurious touch and delicacy in it outlook and in making. Costing team is also
responsible to submit the marketwise distribution lists to the marketing department.
I also assisted the team in doing so.
Lock the Documents in System
In the end, Lock the specific documents data in the system so the other parties can
never harm or change the data. In locking the data in the official site of the system
so it will be more save and secure for future for the company.
All in all, it is very high-yielding experience to be part of this esteemed institution
that is contributing not only in the exports of the country by making quality products
but is also having finest people on board on this journey of success.
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Recommendation
Recommendations for Improvements are:
 At present facility of bonus is given only to production staff but such
incentives should also be given to Head Office Staff.
 Special incentives should also be given to Head on Eid and on other special
days should be given to the workers.
 Medical facilities are given in mill but such facilities should also be given to
management.
 Different training courses should be arranged for the up lifting and improving
the quality of work for employees.
 There is also a problem of work overload for the employees and it should be
control properly so that the employees are motivated.
 Employees should be paid extra for the work which they done after working
hour
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Skills & Qualification Acquired
The development of interpersonal skills is vitally important and, in reality, can only
be effectively acquired in a workplace environment. During the internship period, I
have got the opportunity to communicate with peers and bosses and learned that
when to take the lead and when to step back from saying something.
 Internship made me boosts my sense of self-esteem and self-worth, making
me a more confident and well-rounded individual; this is an essential
component of personal and professional growth.
 I have built the skills to support my arguments whilst maintaining a positive
tone and compromising with my peers. Such negotiations skills will come in
handy with real-life job, from having to negotiate a work scheduling, a
contact, or a deadline with boss. Being able to successfully negotiate, create
a mutual understanding and solve a problem can ultimately be highly
beneficial for workplace success.
 My exposure to the ‘real world ‘was minimal. Working in a team where
colleagues vary drastically in terms of age, experience and knowledge can
significantly alter perceptions and allow to see things differently; this
accelerated maturity will not only stand you in good stead for future
employment but also greatly benefit your studies. By heaving a more
balanced viewpoint and starting to see the word outside your own
educational bubble, this maturity will surely help me in personal
development.
 I have learned the art of time management by meeting the assigned job in
my internship as well as by preparing the report within the specified time. It
helps me to prioritize responsibilities and recognize when it’s appropriate to
multitask of focus on one particular project at a time.
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Bibliographic
Source
 Mr. Mohammad Ali Mansha (Accounts Officer)
References
Textile sector analysis
 http://jcrvis.com.pk/docs/Textile201611.pdf
 Annual Report of NML 2021
 https://nishatmillsltd.com/wp-content/uploads/2021/10/Nishat-AnnualReport-2021.pdf
 Annual Report of NML 2020
 https://nishatmillsltd.com/wp-content/uploads/2020/10/Annual-Report2020.pdf
 About
 https://nishatmillsltd.com/
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