INTERNSHIP REPORT

INTERNSHIP REPORT

Dedication

Iwant to dedicate my report to Allah Almighty who has given me ability and courage to complete this task. I also dedicate this work to my parents because without their patience, understanding and support, the completion of this work would not have been possible. I also dedicate my work to my Director Sir Saqib Farid Sheikh because without his continuous support this Work could not be complete. He has given us talent, opportunity and perseverance to reach this milestone in our career. I also want to dedicate this work to all of those who have helped me in completion of this report.

Acknowledgement

First of all i heartily thankful to Allah Almighty who has made able to think. It is His great blessing on me, i could not ignore it. Then i would like to take an opportunity to thank all the people in collecting the necessary information and making of the report. I`m grateful to all of them for their time and wisdom. My report is completed only because of cooperation of many people who had helped us in completing this report. I sincerely extend my gratitude to Sir Saqib Farid Sheikh who has given me this golden opportunity to have an insight in the business world and who has been a source of guidance and support, whose encouragement, guidance and support from the initial to the final level enabled me to develop an understanding of the book knowledge as well as the practical experience. I would like to thank Mr. Saqib. He has given a great place to prove ourselves and establish ourselves. Without all these people i could not be able to do all this work. Thanks to Allah Almighty and all the people who supported me.

Executive Summary:Finance is the science of funds management or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. The major aspects in finance are forecasting, budgeting, allocation of assets against liabilities and investment decisions etc.I`m doing my MBA in finance so as an finance person I need to know all these things as knowledge as well as the practical knowledge will be key for me to make my future better. For this purpose I have done my internship in royal fan one of the leading organisations in the fan industry with well-established organisation system rules, policies and culture. i feel proud to be attached with royal fans and work with the most professional personnel and get equipped with the knowledge of finance.Home appliances are very important component of our life and are necessary things in our homes, without home appliances it is very difficult to spend our lives. It was the time when people did not have the washing machines, fans, air coolers, air conditioners, microwave ovens, water coolers and heaters but time makes the invention sand necessities make the inventions. Now at this time it is very difficult to spend the life without these appliances. In Pakistan a large of industries like, Waves, Dawlance, Pell,Pak, and Nas Gas etc are providing and producing the home appliance. Rafique industries are one of the leading industries providing the same with higher quality commitment and fulfilling their customer needs as required.Every organisation need a pathway and a goal to achieve in the future. If these goals and paths are well defined and clear one feel comfortable to achieve them. In the shape of vision and mission statement royal fan have furnished their goals and paths that how they will achieve their goals.Frist of all in this report I have done SWOT analysis of the royal fans and then I have done PEST analysis. In SWOT analysis I have shown the strengths of the company and to factors which can be positive points against their competitors and the weakness too. Weaknesses are negative points or factors which needs to be overcome by using strength of company then the analysis of opportunities the company may have for their future and need to convert their opportunities in strengths by making strong strategies. At the end is threats which needs to be overcome and need to converted into opportunities. Then I have done the PEST analysis which shows the influence of political stability or non-stability economic conditions influences on company and social responsibility of organisation towards people and the technological changes influence on organisation.Next in my internship report, I included my internship experience. I did the internship in the finance department of royal fan and got a lot of knowledge from my boss. My concerned department was finance department whose manager was Sir Shahid shah; he was a very skilled and knowledgeable person and had a lot of knowledge and experience of finance. All the decisions related to finance were taken by the manager who was answerable to the general manager. My duties during the internship were assisting the finance manager and to make and analyse different statements. I learn many thngs from this practical work likr negotiation, communication skill, working in a dynamic organisation and coordination the most experienced persons in the field.In the last, I give the conclusion about this final project and my internship in royal fan. What are the things which I learned from this internship report and what are the skills and strategies which I should implement in my life and personality so that I can achieve my goals and objectives. At the end of this report I gave the references of all the data and information which I have included in this report. The references are given in APA format.

ContentsExecutive Summary:3Introduction:7History of portfolio held with Royal Industries:8History of Washing Machine Industry:8History of Fans Industry:8History of Air Conditioner Industry:9Historical Overview of Organisation:9Chronology of Events happened at Royal Fan is as under:10195710197610198010198210198410198610199110199311199411199511199611199811200511201211Information about the Organization:11Mission:12Vision:12The Royal Commitment:12Energy Efficiency12Safety13Durability13Aesthetic Designing13Superior Quality Materials13Hi Tech Precision Manufacturing14Hassle Free Warranties14R&D Department14Large Dealer Network14Stringent Quality Process14Certification:14ISO:15PSQCA:15CE MARK:16Products:16Features:16Features17Features17Features17Company Analysis:18SWOT ANALYSIS:18Strengths:18Weakness:19Opportunities:19Threats:19PEST Analysis:2020Political Factor:21Economic Factors:21Social Factors:21Technological Factor:22Internship Experience:22Related Department information:23WORKING EXPERIENCE (DUTIES/ RESPONSIBILITIES):23Learning Achievements:24Skills Used and Acquired:24Conclusion:25Recommendations:26References:28

Introduction:RAFIQ ENGINEERING (PVT) LTD. established 1957, is recognized as the industry leader in Pakistan through its brand ROYAL Fans. It is an international organisation busy in manufacturing of many top quality home appliances like fans, washing machines and room coolers and exports them to different countries. Recognition of its achievements in quality products are manifested in the form of the ISO certification. The success tale spread well over 56 years when Rafique sons started production of first washing machine of Pakistan. Later on they started fans, washing machines and room coolers. There are different sizes,colors in Ceiling, Pedestal, Bracket, Circu-matic and Exhaust Fans. Research based products of Royal Fan enjoyed a sense of superiority over similar products in the openmarket. The objective is, however, to offer consumers products of international quality ataffordable price and this can be judge by the fact that they are being exported to SaudiArabia, Dubai, Bangla Desh, Sri Lanka and Myanmar from the last so many years, andtheir demand is growing day by day. The success story of Royal Fan is due to its quality maintenance. Keeping in view the requirements and purchasing power of all the segments of the society Royal industries has introduced different washing machines to meet their demands. Royal industries have the honour to produce complete plastic body washing machine for the first time in Pakistan. Another hallmark in quality products is introducing the double action washing technology through side and canter Plaster. In Pakistan Royal industries has not only introduced a large range of Room Air Coolers in plastic body, but in different sizes and values as well. We manufacture fans, washing machines and room coolers using state of the art technology to provide our valued customers with reliable, energy efficient and high performance products. Our fans are the best in class of all electronic fans available. We also manufacture high quality Washing Machines and Room Coolers. The Product Line Consists of "Royal Fans Deluxe Series", "Royal Fans Lifestyle Series", "Royal Washing Machines" and "Royal Room Coolers". Our company is dedicated to ensure customer satisfaction, and, therefore all our products are manufactured with extreme care and diligence. Our team is encouraged to keep abreast of constant developments in the technology field of each of our product lines. These developments are then incorporated into our production process, to guarantee the latest and finest products for our consumers. We Proudly Sustain the Highest Standard and Quality for both the Local and International Markets. Besides being Market Leaders and Trend-Setters on the National Stage, our Fans are the first in the country to be awarded the coveted CE Mark by RW TUV NORD. We also hold the prestigious ISO9001 Certification and have challenged Quality Standards of the Industry time and again. Our Efficient Packaging allows minimum freight cost per piece, while its quality safeguards the products delivery. All our products and raw materials are rigidlytested to ensure our Standards by our QC Department, while our state-of-the-art manufacturing techniques give our products exceptional Performance and Life. We give one of the Largest Selections consisting of 10 Different Category of Fans in Two Series totaling over an astounding 120 Models; All giving testament to our commitment to be the Quality Leaders.History of portfolio held with Royal Industries:History of Washing Machine Industry: Ancient peoples cleaned their clothes by pounding them on rocks or rubbing them with abrasive sands; and washing the dirt away in local streams. Evidence of ancient washing soap was found at Sapo Hill in Rome, where the ashes containing the fat of sacrificial animals was used as soap. The earliest washing "machine was the scrub board invented in 1797. American, James King patented the first washing machine to use a drum in 1851, the drum made King's machine resemble a modern machine, however it was still hand powered. In 1858, Hamilton Smith patented the rotary washing machine. In 1874, William Blackstone of Indiana built a birthday present for his wife. It was a machine which removed and washed away dirt from clothes. The first washing machines designed for convenient use in the home.

History of Fans Industry:Fan history stretches back thousands of years. Since antiquity, fans have possessed a dual function a status symbol and a useful ornament. In the course of their development, fans have been made of a variety of materials and have included decorativeartwork. The simplest fans are leaves or flat objects, waved to produce a cooler atmosphere. These rigid or folding hand-held implements have been used for cooling, for air circulation, as a ceremonial device, and as a sartorial accessory throughout the worldfrom ancient times. They are still widely used.The earliest known fans are called 'screen fans' or 'fixed leaf fans'. These weremanipulated by hand to cool the body, to produce a breeze, and to ward off insects. Suchearly fans usually took the form of palm leaves. Some of the earliest known fans havecome from Egyptian tombs. Early Assyria and Egypt employed slaves and servants tomanipulate the fan. In Egyptian reliefs, fans were of the rigid type. Tutankhamen's tomb possessed gold fans with ostrich feathers, matching depictions on tomb walls. Long-handled, disk-shaped fans were carried by attendants in ancient times and were associatedwith regal and religious ceremonies. They had handles or sticks attached to a rigid leaf or to feathers. Plumage of birds was used in fans, such as those of the Egyptians and NativeAmerican Indians, which had both practical and ceremonial uses.History of Air Conditioner Industry:The idea of air conditioning started before a machine wascreated to produce the cooling effect desired. The first attempt at building an air conditioner was made by Dr. John Gorrie (1803-1855), an American physician, inApalachicola, Florida. During his practice there in the 1830s, Dr. Gorrie creating an ice-making machine that essentially blew air over a bucket of ice for cooling hospital roomsof patients suffering from malaria and yellow fever. A close ancestor to the modern air conditioner units was first made in 1902 by an American engineer by the name of WillisCarrier. The machine at that time was called "Apparatus for Treating Air" and was built for the Sackett-Wilhelms Lithographing and Publishing Co. in Brooklyn, New York.Chilled coils were used in the machine to cool air and lower humidity to 55%, althoughthe apparatus was made with enough precision that the humidity level desired wasadjustable.After the invention by Carrier, air conditioners began to bloom. They first hit theindustrial buildings such as printing plants, textile mills, pharmaceutical manufacturers,and a few hospitals. The first air-conditioned home was that of Charles Gates, son of gambler John "Bet a Million" Gates, in Minneapolis in 1914. However, during the firstwave of their installation, Carrier's air conditioner units were large, expensive, anddangerous due to the toxic ammonia that was used as coolant. In 1922, Carrier had two breakthroughs - he replaced the ammonia with the benign coolant dielene and added acentral compressor to reduce the size of the unit. Today, air conditioners have been said to be a partial cause for the changes in the South, and for most of us who have experiencedits cooling benefits in times of searing heat waves, it is an invention that is hard to livewithout.Historical Overview of Organisation:The History of Our brand starts with a humble beginning. In 1957, our founder Shaikh Rafiq Ullah started manufacturing Fans under the name Royal Fans, which quickly became known for its high quality and uncompromising performance. Ever since then, our products have been made with the upmost care to deliver on the quality promised by our brand name. Giving testament to that quality, in 1994, Royal Fans started to offerLifeTime Guarantee on its complete range. This was the first time that any manufacturer in Pakistan made such a claim. By the Guidance and Grace of Allah, Royal Fans were quickly becoming the top choice for consumers. Now with 55 years of satisfied customers, Royal is the leading brand in the fan industry today. Year wise history is enlisted below.Chronology of Events happened at Royal Fan is as under:1957Rafiq Engineering (PVT) Ltd. Was founded. Royal Fans was Born under the guidance of Sh. Rafiq Ullah and was incorporated in 1982.1976Our current CEO and Chairman Joined the company under the guidance of Sh. Rafiq Ullah the ushered in An Era of Innovation and Growth.1980Due to Excess demand of our high quality fans we upgraded to our new location.1982At that time we were one of the first to add Ceiling Fan Stator Auto Winding Machines which led to increased durability and dismissed all human error in the winding process.1984We added our own wire making and enameling plant to ensure quality from the first steps of production. Started Producing our own Copper Wire to insure better product quality. Also installed the Pressure Die Casting system to produce a better finish in our Metal Products.1986For the first time in Pakistan, we introduced the capability and machinery to create super fine gauges of wire.1991Our Line of Remote Control Fans was Launched.1993Our Company became more self sufficient by installing the latest Injection Molding Machinery and started producing it own plastic parts.1994Our ambition to be the best led us to be the first to install the State of the Art Japanese Automatic Lamination Machine (lying), which greatly boosted our already impeccable Quality of our motors to the next level. And, For the first time in Pakistan, We introduced the Life Time Guarantee for our Complete Fans Range.1995To provide a better look of our products for our consumers, we were one of the firsts to master the powder coating paint technique in the industry. Launched Royal Washing Machines and Dryers.1996To ensure our commitment to provide the best for our consumers, we launched Royal Room Coolers. We were again the first in Pakistan to install and use the computerized stator & Armature Testing facility.1998Being the leaders, the Royal Team introduced the automatic winding machines for Pedestal, Bracket and Exhaust Fans.2005Leading the Innovation Again Royal Fans Launched the Lifestyle Series Fans, which joined Traditional Grace and Modern Design with Royal's unmatched Quality and Performance.2012Introduced over a 100 Colors and Designs in Lifestyle Series. Information about the Organization:Every successful company and organization defines its visions and mission and makes the strategies and rules to achieve these missions and visions. To achieve these visions and missions the organizations and companies have to fulfil the objectives so that the long term visions and missions can beachieved. Same like that Royal Fans also have defined its vision and mission which arequoted here.Mission:We being themarket leadersinPakistan Fans Industry, aim at maintaining our present position, by constantly improving the quality of our products and introducinginnovative designsbacked bycutting edge technologies. We also want to be recognized as an equal opportunity employer with special focus on becoming good corporate citizens and giving fullest support to our workforce.Vision:The current era is opening up new window to opportunities for companies like us, as we always strive to excel in term of innovation,R&D transfer to cutting edge technologies and know-how, with an equal focus on employee development and the ever-changing needs of our customer.The Royal Commitment:AT Rafiq Engineeringour aim is to achieve the highest level of Customer Satisfaction. We are dedicated to provide you with the best in class solutions for all our product categories and the peace of mind when dealing with any or all Royal Branded Products. Our Technical expertise has led the industry standards in manufacturing, setting the bar higher each year.

We ensure our commitment by:Energy EfficiencyOur Motors are designed for Maximum Performance with Minimum Energy Consumption.Our Ceiling Deluxe model 56'' with 320 RPM Saves 30 Watts per Hour(consumption80wattswhereas ceiling 56'' of most other brands consume up to 110watts). With a daily usage of 15 hours; Each Royal Fan saves 120 units per year (Approx). Leading to a saving of up toRs. 1200 Per Year*. *Calculated on Deluxe 56" at 15hrs Usage for 9 months.SafetyWe believe that safety is the key to a happier product experience, and thus we design all our products with safety features. All Products are Earthed to insure against electric shocks Ceiling Fans fitted with quarter safety pinson every joint to stop from falling Larger and Heavier Base for standing fans (Pedestal,Louver, TCP) to stop from tipping over Shock Proof Bodies for Washing Machines Automatic Earth System in complete Washing Machine Range Rust Proof Finishing for all products Secure Hi-Pressure Stamped Rivets For extra Strength of Blade JointsDurabilityThe use of Hi Grade Materials and Precision Manufacturing allows our product to be very durable without losing the service value. Our Valued consumers have repeatedly reported of our fans over 40yrs still working as they did in the year they were bought.Aesthetic DesigningWe understand that each consumer is unique with their own taste and requirement. We have one of the largest and growing ranges of designs; with currently over 120 models and colors to better fit your needs and wants. Our LifeStyle Series combines Traditional Grace and Modern Design with Royal Fan's unrivalled Performance and Quality. All the fans are rich in style and spirit giving you a Range of aesthetically appealing, high performance Electronic Fans.Superior Quality MaterialsWe Use only the Best Material for our Products to ensure customer satisfaction. 100% Pure Electrical Steel Sheet For Motor Core 99.99% Pure Super Enamelled Copper CA Wire 99.9% Copper Wire* 99.9% Aluminum Body Hi Grade PVC for Plastic Parts International Standard Paint* Only in Lifestyle Series and Selected FansHi Tech Precision ManufacturingOur Technical expertise has led the industry standards in manufacturing, setting the bar higher each year. High pressure Automatic Stamping Machine Automatic Coil and Wedge Insertion Precision Ball Bearing Fitting Electronic BalancingHassle Free WarrantiesThe only fan manufacturing Company providing its valued customers with LIFE TIME GUARANTEE. We believe that your peace of mind is our responsibility.R&D DepartmentOur team is encouraged to keep abreast of constant developments in the technology field of each of our products especially Fan technology. These developments are then diligently incorporated into our production process, to guarantee the latest and finest products for our consumers.Large Dealer NetworkRoyal's Dealer network is one of the largest in the country, with retail locations across Pakistan. Our Large network allows us to provide our valued customers with the best in class service and support.Stringent Quality ProcessOur QC Department is involved in every step of the Production Processes. From testing raw materials to monitoring and inspecting the paint and packing, they ensure the best materials and flawless fittings are used to make the very best for our consumers.Certification:The royal fans is certification and details is enlisted below.

ISO: (International Organization for Standardization) is the world's largest developer and publisher of International Standards. Royal fans is ISo 9001, 2000 certified.

PSQCA:The Pakistan Standards and Quality Control Authority, under the Ministry of Science and Technology, is the national standardization body. In performing its duties and functions, PSQCA is governed by the PSQCA Act, 1996.

CE MARK:The CE mark is a marking according to EU law in connection with the product safety required by the EU. By affixing the CE marking on a product, the manufacturer confirms that the product satisfies the applicable European directives.

Products:Royal fans offer a lot of home appliances for its valuable customers. Royal fans is a leading manufacturing company in Pakistan and is competing with foreign companies with its weapon of quality and customer satisfaction. Royal fan is the biggest home appliances producer in Gujrat and offers leading home appliances. They offer with lot of home appliances which compete with all foreign products due to itsfine quality, standards and customer satisfaction. Following are the products which Royal fans offer in the home appliances products: Features: Aesthetic Design Energy Efficient Long Lasting Heavy Duty Motor Noiseless (Optional) Remote Control Features Aerodynamic Design Energy Efficient Long Lasting Motor Noiseless (Optional) Remote Control Features Turbo Wave Maker, Power Spin Motor Special Cleaning Fins, Galvanized Steel Body Special Top Cover With Hooks, Level Indicator Imported Water Proof Timer Steel Sheet Protection For Bottom of Machine Connectors for covering Wire Joints Features Rust Free Metal Body High Strength, Light Weight Shock and Rust Proof, Long Range Air Delivery Smooth and Noiseless Operation Auto Air Swing with Manually operable Louvers High Quality Motor, Energy EfficientCompany Analysis:In this of my final project of internship I have done the analysis of Royal Fan. Here I did two type of analysis; first one is SWOT analysis in which Iexamined the strengths, weakness, opportunities and threats faced by Royal Fan. And second analysis in this chapter is PEST analysis which is about politics, economic, social and technological changes. First I did first SWOT analysis and then PEST analysis.SWOT ANALYSIS:SWOT stands for strengths, weaknesses, opportunities and threats. This is the analysis related to the strengths which Royal Fan proudly have, weakness of Royal Fan, opportunities which Royal Fan can avail to prevent from the threats faced to the company and the weaknesses of the company. The reason to do this analysis is to find out that, what are the strengths of the company which can overcome the weaknesses of the company and to determine the opportunities which can company avail to prevent the threats to the company. I will individually examine the strengths, weaknesses, opportunities and the threats faced by Royal Fan here.Strengths: The company has built up goodwill in the market of Pakistan, from a very longtime. The company has the largest market share throughout the country in the Fans industry. Brand name of Royal Fan is known to almost every person in the country and is very famous in home appliances industry. The company deals in all sorts of home appliances, like Washing Machine, Spinners, Air Conditioners, Fans, Room Air Coolers. Royal Fan is exporting its products to various regions across the globe mainly markets like Africa, Middle East and Asia. The company is having a number of old employees who are committed and loyal with the company. Royal fans are abounded with the benefits of customer loyalty also.Weakness: There is shortage of skilled labor in the company due to which the company hasto face a large of competition. The management staff do not have direct link with their dealers. The complaints department does not provide the proper services to the customers of the company. No online updates for customers. Customers who need detailed information has to meet to management directly. The company has not developed the proper promotional strategies for international markets. No online selling plans for customers like other brands are offering online selling. Weak R&D department is yet another weakness for company as they don`t hire hihly skilled personnel for company.Opportunities: Due to Government policy of low export duty, Royal Fan has opportunities to increase their exports. Due to the strong financial position of the company, the management can use the latest technology in their products. They can use the brand name in the international market to increase their sales of Fans like their Washing Machines. As the company is financially very strong, so it can use electronic and print media to increase their sales. They should invest in the new SBUs like Air Conditioner and Microwave Oven, geezers which have low market share and very low growth rate. Royal fan should appear in the international industrial exhibition. It is a big opportunity for the company to create the awareness of its brand in the international markets.Threats: Current Power & Electricity crises are very big hurdle for the manufacturing unitof the company. Due to the shortage of electricity the company may be unable to meet the orders. Chinese Technology is the very big threat to royal fan even they are internal national exporter but china is making these products very cheap due to cheap labour. Other competitors of royal fans are offering the same products at relatively lower prices and quality. A large number of new incoming companies are increasing the competition in the market like karishma fans, Mefco fans etc. The complaints in some particular SBUs, like Motorcycles is a big threat to the brand name of the company.PEST Analysis:A scan of the external macro environment in which the firm operates can be expressed in the following factors;1. Political2. Economic3. Social4. TechnologicalPEST analysis is used to describe a framework for the analysis of these macro environment factors. A PEST analysis fits into an overall environment scan as shown in following diagram.Environmental Scan

Macro EnvironmentMicro Environment

PEST Analysis

Political Factor: Pakistani government is somehow stable in these days and focusing on the foreign trade. Royal fan is taking advantage of this move by government and is trying to increase their exports. Government is providing opportunities to the companies to provide benefits like old-age benefits, disability benefits, pension, etc. These benefits are to be provided by every company under the supervision of Social Security Ordinance. Royal fan is also providing its employees the benefits of social security. Government has allowed the Puffery statements in advertisement but there should be truth in selling and deception statements are not allowed. The company has a trade mark and a trade name that gives the company an exclusive right by the government policies to use it and enter into contracts and dealings through its registered trade name. The company is bound to follow the workers safety regulations as laid down by the workers safety act. All the tax related policies are being followed by royal fan.Economic Factors: Royal fan plays an important role for economic growth by contributing to the economy of the country.. The company offers a variety of products for different classes of customers. For example, good quality and a bit expensive products for higher class and cheaper products for middle and lower class customers. Some SBUs like washing machine and fans are at their boom while others like motorcycle, oven, AC, etc are at their growth stage. It never happened that anyone of Royal fan`s product went into its recession stage. The prices of products of Royal fan are higher than products of its competitors but still Royal fan has the largest market share due to the quality of its products. The exchange rate of the company is high due to which the customers have the confidence on royal fan.Social Factors: The salaries and wages of the workers and management are not satisfactory so the income distribution factor is not satisfactory. Royal fan is funding many NGOs and welfare organizations in the whole country... The company is providing various types of home appliances which are helping in improving the life style of the people. The company is providing models in a variety of fashion which can be used differently at different places. Royal fan is very committed towards the corporate social responsibility.Technological Factor: The company is having a computerized lath machine which helps in reducing labour cost and time needed to produce a dye. Due to technological improvements many items are available at lower prices from China and royal fan is taking full benefit from it. The manufacturing department also has different types of dyes for different models or shapes of washing machine and fan. A tool shop also operates within the factory premises, which manufactures its own tools to be used in production. Latest technology is being used by the company for motorcycle engine and air conditioner machinery. The company is also thinking of introducing a new swap machine that would note the attendance of each employee when one will swap his card into it. This machine will also provide the management with the statements showing the late minutes of each employee and the leaves in the month. The company has provided the computers to the staff members to eliminate the cost of stationery and to save the time. Different software are being used in every department for advertisement, employee data base, payroll and for the maintenance of accounts.

Internship Experience:I have been working in Royal Fan Ltd as an internee for 6 weeks. The reason for choosing this company for internship experience was that it is one of the biggest companies with a standardized management system. Although other companies and banks also offer the facility of internship for MBA students but I decided to work in royal fan for its reputation and its friendly environment. Although an internee is not a permanent employee of the company but can get a lot of knowledge and skills in this very short period and so i did. I took it as opportunity for me and my career and tried to acquire as many skills asI could. The management and other staff of my department have been very cooperative and guided me throughout my internship period. They treated me like the employee of the company and took my full time to work in the company for me to get used to of working in an organization. It was for the first time in my life when I felt that there are some practical and reasonable assignments in front of me and I tried to accomplish each and every task with full of my responsibilities and capabilities.Related Department information:I`m doing my MBA in Finance so it was necessary to do the internship in the Finance department. Due to this reason I decided to select the finance department of royal fan. In this company each department is governed by director, so finance director was the head of the finance department. Under director the finance manager Mr. Shahid shah was managing the finance department. Mr. khawar Rafique chief executive of the company has played a leading role in the every aspects of the products, he is fully aware of the international modern trends. Mr. Nadeem is the director of the finance department he is very intellectual and wise person playing key role for the finance department. And a team consisting of the assistants including Mr. kashif, Mr. Usman is working under the finance manager and assisting them with their best efforts and knowledge.WORKING EXPERIENCE (DUTIES/ RESPONSIBILITIES):During the internship in Royal Fan some duties and responsibilities were assigned to me and I have to complete these tasks with my full attention and responsibilities. Here I am giving some little bit detail of these duties and responsibilities: My primary duty was to assist my boss who was the finance manager Mr.Shahid shah. It was also assigned to me to go with the assistants to deal with the companys banks and finance provider. My boss gave me an assignment to tally vouchers with dates and reconcile them and I did that task with my full attention. My boss Mr. shahid shah demanded me a report on a few financial statements which I accomplish while doing ratio analysis on them. My boss also consults with me about the latest finance strategies and asked me for the modification in these strategies. During my internship period I worked with dedication and try to learn from my senior as many as possible in a very short period of time.Learning Achievements:The main purpose of internship is to get a practical experience in the market and to get some practical knowledge. Usually the period of internship is short but we can learn a lot from this period. This was first time in my life when I was doing some reasonable and practical tasks. A lot of learning and achievements I have gotten from the finance staff like: First thing I learnt from this short period of job is punctuality. I learnt from this how to be in time in the company. The second thing is dressing, professional dressing matters a lot. By seeing my seniors and colleagues I start to copy them in dressing. It was a big achievement for me, that I learn how to do the work in team and group of people. Working in the team should be learnt. How to sit in professional people, how to look, how to talk and how to work is also learning for me. I learnt from the organization that how to accomplish the tasks and the assignments which were assigned to me. Confidence building was the foremost achievement for me and my senior helped me in this and Im great thankful to them for this. It was first time in my life to work whole day in the company with full responsibility, to go in time and to off in time. I learnt how to implement my MBA knowledge on this job. I learnt what the practical implementation of the book knowledge is.Skills Used and Acquired:To do any type of job a number of skills and abilities are necessary and when this job is professional then a man should perfect and have a lot of skills and abilities to perform any type of the task. In the finance field a man should have the ability to making and analyse any type of the account, can operate Microsoft office, long term writing capacity and proper dressing etc. and in human resources field a man should be in proper dressing, well presentation power, can handle the workers and punctual. Same like these I did the job in the finance department. Financial managers direct the activities of workers in the financial and accounting department in a company. Workers prepare financial reports, use cash management strategies and make investments for the company. According to the Bureau of Labor Statistics, or BLS, a financial manager may use the title of controller, treasurer, finance officer or credit manager. Following are some of the skills needed and acquired: Excellent communications skills, both verbally and orally Good all-round IT skills Sensitivity and integrity yet assertive at the same timean analytical and logical approach to problem solving Commercial awareness and interest in your chosen field Ability to work on your own initiative Motivated and ambitious Maintains department financial records; maintains and reconciles account ledgers; processes transaction corrections; prepares documentation for payment; responsible for departmental accounts payable. Knowledge of purchasing, accounting, and bookkeeping procedures Interpersonal/human relations skills Planning skills Ability to type Ability to maintain confidentiality Ability to maintain records and filesConclusion:Organizations exist when two or more people work towards achieving common goals. An organization can never be better than the people it hires. Hence we have to get the best to be the best because the performance of the employees reflects the companys image and standing in the market. Out of the three Ms i.e. Man, Money & Machine, probably the human dimension is of the utmost importance. Hiring employees is not the sole objective rather the primary goal is to devise a tool that can help the organization attract, maintain, retain and motivate them enough to give their best to the organization. Training and development is therefore the first step towards success. Better the quality of the employees better the performance of the company. An organizations ability to meet the training and development challenges provides an opportunity to make significant contribution to the company. With better quality people executing the companys operations the HR department can create a competitive advantage for the company. Here in the end I want to sum up my report of internship in Royal Fan in few words. Again I would like to say thanks to Royal Fan and it all employees for providing such supportive environment of learning. I must say that my 6 weeks internship experience in Royal Fan was a great learning time and I believe that it will be very helpful for me in future career. During my internship in Royal Fan I had chance to practically use my knowledge and skills which I have gained during my study as well as I gained and experienced different new skills on the job. It also helped to learn about the manufacturing sector working in Pakistan, its procedures and products and services .Here in the report I have tried my best to give very informative and useful details regarding my internship in Royal Fan and I believe that by reading this one would agree with me that gaining practical experience of what we learn in books is as important and useful as any other thing. I was fortunate enough to secure a position as an internee here and thereby able to do an in depth analysis of the working environment of this company from the inside and of the external environment.Recommendations:I have realized that Super Asia is performing very well since its inception. It is quite difficult to give suggestion to improve the working conditions of royal fans. As we know that nothing is perfect, there is always a room for improvement, so I have found during my internship can be made up taking into account the following suggestions. Royal fan is also offering motorcycle with its brand name but during my internship period I came to know that there are a lot of complaints the company is facing from its motorcycle department. So the organization must improve the quality of its motorcycle in order to maintain its goodwill. The organization is also in process of computerizing its records which is good sign but it is going on with small progress. Computerization must be done on early basis. This will help in increasing efficiency of work done, customers satisfaction decreases the stationary cost and resultantly it will increase profits. In past royal fan has always being suffered from bad Government policies. Government intervention should avoid completely. Employees Training programme must be introduced on continuous basis so that Employees have understanding with the latest developments especially with the customers. Royal fan should introduced incentive plans for employees on regular basis so that if employees may work whole heartedly for the welfare of their organization. While giving incentives qualification, work, experience, hard work and such other factors must be considered. Mismanagement of resources must be avoided as much as possible as it decreases profit but also discourage hard worker and honest employees. Fresh graduates must be recruited. As the combination of Experienced and fresh can produce better results and it will improve the efficiency of management. Companys different schemes must be conveyed to the targeted customers so that to increase the share in market. Management by objectives needs to be introduced immediately. It will help Improve the functioning of the organization and will lead to greater participation and the workers and subordinates will be encouraged.