ADMAS UNIVERSTY BISHOFTU CAMPUS DEAPRTMENT OF ACCOUNTING AND FINANCE Section 2 Internship Report Prepared by 1. Amdemariam Adane ID NUMBER 0013/21 Submited to Abebe. Date 24/01/2016. ETHIOPIA , BISHOFTU 2016E.C Acknowledgement First of all my deepest thanks goes to the Almighty God for his endless help and make me to stay in life to this day and enables me to complete my internship. I also would like to express my deepest gratitude to Mr. AKLILU for his enthusiastic support from the preparation until the final discussion of this internship with frequent follow up my activities and guide me. I am greatly thanks for my family they had been assisted and to give advice how can I goes with my planning activity to finish my Internship. Finally I would like to acknowledge all individual and institutions that have helped me materially and morally during the preparation of this Report. HIJHBBHH 2 Abstract In my intern i visit to the largest exporter of allana certified meat in Africa was organized on August 15th, 2018. Frigorifico Boran Foods is located in Mojo, Having a capacity to slaughter 3,000 cattle and 6,000 goats daily, this Indian company represents an 80 Billion USD investment. The company decided to invest in Ethiopia because Ethiopia has the highest population of livestock in the continent, and the fourth largest livestock population in the world. Core products include chilled and frozen goat and cattle carcasses. Annually Ethiopia exports millions of live animals, and with them, we export all the jobs and biproducts associated with animal slaughter. Local value addition in the meat sector is very important for jobs and foreign exchange. “At Frigorifico Boran Foods, our only un-used biproduct is sound!” As such the company is exemplary in resource efficiency and practice of circular economy. Blood is dried to make chicken feed; horns and hooves are ground up also for animal feed; hides are salted and sold as inputs to the Ethiopian leather industry; the grass in the animal intestines is burned as fuel; inedible organs like lungs are solar dried and sold as pet food. And also in the company is huge and fast that have many departments that correlated help each other and in the intern program the try to show me about things that relate to fiancé Activities but the major fiancé activities(transaction) are paid in the head office located.other than petty cash payment only. The payroll is made in the head Office only that the branch office is only send the attendance to the Head office branch. 3 Table of Contents Acknowledgment….……………………………………………………………………………………………………………i Abstract……………………………………………………………………………………………………………………………..ii Table of Content………………………………………………………………………………………………………………..iii Acronyms…………………………………………………………………………………………………………………………..iv Chapter one 1.1 Background of the company ……………………………………………………………………………….6 1.2 Background of the Department ……………………………………………………………………………8 1.3 Description of the job………………………………………………………………………………………….9 Chapter two 2.1 strength of the job assigned ……………………………………………………………………………….9 2.2 problem of the job assigned………………………………………………………………………………..9 Chapter Three 3.1 summary of the over all observation…………………………………………………………………. 10 Chpater Four 4.1 Recommendation………………………………………………………………………………………………. 10 Reference ……………………………………………………………………………………………………………………….11 Appendixes………………………………………………………………………………………………………………………12 4 Acronym B2B -business to business B2C- business to consumer CPD – consumer product Division HR-human resource ROP-reverse osmosis plant 5 Chapter one INTRODUCTION 1.1 Background of the company A rich heritage that roots back to 1865, the Allana Group represents a long tradition of quality, innovation and excellent customer service. We take immense pleasure in our grand heritage and consider it our leading responsibility to preserve it. We're India's largest producer & exporter of branded processed food products & agro commodities to over 85 countries. The Allana brand has significantly grown from modest beginnings to become a key player in the global Agro products industry and the producer & supplier of preference for many. Acknowledged as the Global Leader in the manufacture & export of various consumer products including Frozen & Chilled Halal Meat, Frozen & Aseptic Fruit Pulps, Coffee, Cereals & Pet Food. The Allana Group currently enjoys the status of "Five Star Export House", one of the rare recognitions conferred by the Ministry of Commerce, Government of India. The Consumer Products Division (CPD) of the Allana group has a wide array of products in both B2B & B2C business segments to cater to the needs of end consumers & industries. As a whole the company have many business segment Frozen Meat, Chilled Meat, Retail, Fruit Pulps, Coffee ,Wheat & Grains ,Animal Nutrition, Pet Food ,Hides Edible Oils, Bakery, Distribution .Logistics Africa Proteins. In the case of my inter branch is located in mojo and the main business Segments are the Frozen meat , Chilled meat, pet Food. The main suppliers of the company are those Traders / Individual’s animal supplier’s . and the main customers are as I mentioned before those are found in out side country because mainly exports this Products to those Arabian countries :- Silver Trading PLC, Alkerama General trading PLC , Hawadir General Trading PLC, Gulf Butures General Trading PLC etc…. Company Vision We envision leaving an enduring mark of excellence on the global map by providing quality products and services that are analogous to our heritage. 6 Company Mission We aim to grow through partnerships and maintain an uncompromising approach towards excellence which includes inculcating an indomitable drive, a relentless determination and a persistent delivery standard in every aspect of the business. Company Values Customer Focus A complete understanding of customer needs and expectations that boosts effective delivery and development of high quality product and services that surpasses customers' expectations every single time. Excellence Achieving excellence through effective leadership, innovation, focus, organizational learning, agility, results orientation and robust systems Market Leadership Achieving a prominent position in the chosen markets by share, brand recognition and customer loyalty. Integrity & Commitment Doing what is right and not just what is easy, popular or comfortable. Being transparent and honest with our customers and stakeholders. Embrace Legacy Living with legacy of farsighted individuals, our founders, who translated their vision into a potent reality - earning for the House of Allana a position of prestige in the chronicles of India's commercial enterprises. Leveraging on our heritage with pride and passion for the benefit of our consumers, stakeholders and society at large. 7 Managing Director Legal Adivisor Production Dept Cianege Fianance Dept HR Butcher Offal Dept Engineering Rendering logistics Boiler ROP Refrigirator 1.2 Background of the department in which you were Assigned In the very beginning I was assigned in Finance department. As I tried to mention at the beginning the major transaction are approved by the head office. SCOPE The Finance Department officer shall report to the Chairperson. She/he shall be responsible for providing financial, administrative and clerical services. This Includes processing and monitoring payments and expenditures of the fair trade premium, providing these services in an effective and efficient manner will ensure that municipal finances are accurate and up to date, that all payments are paid in a timely and appropriate manner and that vendor and suppliers are paid within established time limits. 8 RESPONSIBILITIES Receive and verily invoices and requisitions for goods and services Verify that transactions comply with financial policies and procedures Prepare, verity, and process invoices and coding payment documents Prepare batches of invoices for data entry Data enter invoices for payment 4 Process backup reports after data entry Maintain listing of accounts receivable and payable Maintain the general ledger Maintain updated vendor files and file numbers 1.3 Description of the job on which U were Assigned JOB TITLE: Finance JOB Description: to cross check The over all suppliers meat that that they provides animals in kilo with recorded in the excel sheet. Chapter TWO Presentation and analysis 2.1 Strengths observed on the job You were assigned The main strength of the Company fiancé department is that every transaction is going to be sent the head offices of 85 country company that is found in india. And also to the owner of the company immediately after the transaction is made online and in case there was an error also corrected as it sent to the owner also. One of the other thing is that every transaction before it happens the head offices found in the Ethiopia must approve. 2.2 Problem observed on the job on which you were assigned Because of I was assigned to the job I didn’t get any problem on the job I was assigned and Also almost we can say all finance actives are done in the Head office beside the petty cash payments and but there are problems in the security issue that is not related to my job I was assigned. 9 Chapter Three Summary and Conclusion 3.1 Summary of the overall Observation and main Findings All payments is done with accuracy and report is sent to head office online. in case Error is done. It is also corrected online All department are well Organized Waste of material going out From compounds is well Treated and relased All workers are well trained on with Respect to their occupation Chapter Four Recommendation As I mentioned earlier I haven’t observed any problem on the job I was assigned.but as problem the company must work on his security issues. 10 Reference The company website Allana.com Individual’s who works in the company 11 12