Professional Documents
Culture Documents
INTERNSHIP REPORT
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EXECUTIVE SUMMARY
Pak Elektron Limited (PEL) was incorporated in Pakistan on March 03, 1956 as a public
limited company under the companies Act, 1984 (replaced by companies’ ordinance 1984).
Registered office of the company is situated at 17 Aziz Avenue, canal bank Gulberg_ V Lahore. The
company is currently listed on all three stock exchange of Pakistan. The principal activity of the
company is manufacturing and sales of electrical capital goods and domestic appliances. These
activities are organized under following divisions.
During my internship the improvements which I observed during my internship are also the
part of this report. The financial position and the strategies of the companies are the part of my
learning and the improvements and the current flow system is the part of this report.
My evaluation of the internship process is also part of this organization. The suggestions to
improve the system, the ideas which can be helpful for the organization are also part of the report.
Every one wishes to work with known, valuable and standardized organization. There are given
some reasons to join PEL are given in the end of the report.
The culture /process and product of the company was also part of observation, comments and
ideas about the company is also part of in the report. How this internship have a link with my
qualification, what I have studied and how my study helped me to learn the process and flow of work
in the organization. The overall view of my internship and the feedback is present in the
organization.
Logistics section:
This section is relevant to the material.
Here I came to know the procedure and tasks of the material section.
Leasing
Guarantee
Loan
Here learned about the leasing, machinery leasing and vehicle leasing etc.
Worked about bank guarantee, why it need to get the bank’s guarantee?
What is the process of guarantee?
Budgeting:
The learning in this section was to prepare the budget for all the different sections and the
departments
Treasury:
The learning in this section was based on the different tasks of the section.
This section directly relates to the cash and cash affairs
Inflow and outflow of cash was the basic work of this section..
♦ Collection
♦ Payments
Bank dealing
Fund payments/collection
Updating banks
Foreign payments
Export transactions
Pre-shipment:
The learning in this section was the different steps of the work
Tender
Bidding
Acceptance
Purchase order
Inspection
Accounts department:
Costing
Inventory
Payable
Payrolls
Taxes
AREAS OF IMPROVEMENTS:
It was a great experience to work in PEL. I got there experience for my professional field.
Here I found every thing so impressive, mannered, regular, and learning.
In my observation in this so mannered company still need some improvements which can
increase the productivity, goodwill and the loyalty of employees. The increase in theses field will
result the worth of organization.
When I analyzed the annual report of the company I came to know the low financial
position, lot of loans which causes the low growth of the company and low profit
margin.
Administration improvements:
There is no differentiation between the employees through their post, designation etc.
Here must be identity in sitting of E1, E2, and E3.
There is a better portfolio of the company. Have I disciplined and mannered way of working.
But in some areas need to improve some things which are beneficial to the company.
Process:
Organization portrays the scene of centralized culture.
Culture:
There should be the valuable identity of the company in performing the social responsibilities like
charity, helping poor students.
Product:
Company should have a visible competitive edge on competitors about products and services.
Overview of work
Documentation of work
Practical work
Internship at PEL:
Here in internship at PEL it was based just on
Overview of work
But there is lack about to train the internee through practical work.
There is a gap between the internees and the employees. And this gap causes the lack of
practice or work for internees. We could not do as much as practical work here.
We got the knowledge about the departments and different sections in departments about
their responsibilities, their tasks and their functions.
Qualification:
How to prepare the journal, ledgers, profit and loss statement and the balance sheets?
Etc etc
Internship:
Here I knew what the process to perform all these works is.
There is a huge difference between the theory and the practical work of finance.
Payroll system.
Pak Electrons Limited is known for its continuous research and development and transfer of
technology from abroad.
There is strong position of the company which appeals the graduates to work with PEL.
There are chances to work in PEL because there most departments in the company.
In the many departments of the company there are chances to have many vacancies in the
company.
There are chances to learn more and more because advanced system are in use in PEL.
Facilities and the reimbursement of expenses is also attractive part to be part of PEL.
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TABLE OF CONTENT
AREAS OF IMPROVEMENTS:.....................................................................................5
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