{Fauji Cement Company Limited}

By:
Faiza Asad

S171BBAH055

FACULTY OF MANAGEMENT SCIENCES

FOUNDATION UNIVERSITY ISLAMABAD, RAWALPINDI CAMPUS

8th B (Fall 2020)

{2020-12-28}

[Faiza Asad][S171BBAH055][BBA] Internship Report

 TABLE OF CONTENTS

EXECUTIVE SUMMARY......................................................................................................3
CHAPTER ONE: ORGANIZATION OVERVIEW ...........................................................4
1. BRIEF DESCRIPTION OF THE ORGANIZATION...............................................................4
1.1. Organization Products/ Services................................................................4
1.2. Organizational design ................................................................................5
CHAPTER TWO: DESCRIPTION OF DUTIES.................................................................6
CHAPTER THREE: RECOMMENDATIONS .................................................................10
CHAPTER FOUR: LEARNING OUTCOMES .................................................................11
REFERENCES/BIBLIOGRAPHY......................................................................................12
ANNEXURE...........................................................................................................................13

[Faiza Asad][S171BBAH055][BBA] Internship Report

 Executive Summary
Internship program is very compulsory for the regular students and necessary for the completion of the
degree. The experience that I gain from this is very helpful for me. This report consists of the detail
about Fauji Cement Company Limited and my main purpose is to share my practical experience of
professional life. In this report I contain detailed introduction and history of the FCCL. The main
product it is offering to its customers and describes the nature of organization in this report. In 2019, I
was recruited by Fauji Cement Company Limited (FCCL). It also comes under Fauji Foundation.
FCCL is specialized in producing different types of cements in their plants. There plant is situated in
Jhang Bahtar, district Attock near Islamabad. I was appointed there in finance department as an
internee and the tenure is 6 weeks. I learned a lot of skills, like working on excel, making of voucher,
making of LCs, analyzing of balance sheets etc. The company’s experience was very enthralling as I
attained tons of knowledge that would be very beneficial to me in my career onwards. The whole
experience at the organization was very impactful, I leaned more than I thought as I was given full
opportunity to learn and interpret. During my internship I saw the potential company for success and
it’s moving toward stability but there are some weaknesses that work as a hurdle in achieving their
objective. I also give some recommendations at the end of report if they consider these issues and
overcome their weaknesses; they will achieve the new way of success.

[Faiza Asad][S171BBAH055][BBA] Internship Report

CHAPTER ONE: ORGANIZATION OVERVIEW

1. Brief description of the organization.

Fauji Cement company Limited’s plant is situated at Jhang Bahtar, District Attock close to
Islamabad. The corporate is one in every of the leading manufacturer of a large vary of quality
cement together with normal Portland cement and different special cements in Pakistan. Integrated
as a public sector company, it begins its workings in 1997 with the assembly capacity of 3700 tons
per day that was increased to over 11000 tons per day, with addition of second mechanical system
in 2011. Each the production units are of European origin and are determined for peculiar quality
and dependableness with in the business with yearly whole capability of 3.5 million load of cement.
 Competitors:
 The competitors of FCCL are:
 Bestway cement
 Askari cement
 Kohat cement
 FECTO cement
I.1. Organization Products/ Services
Fauji cement provides wide range of cements in which some are:
 Ordinary Portland cement
 Sulphate resistant cement
 Low alkali cement
 Low heat of hydration cement
 Mohafiz cement
 Pamir cement

[Faiza Asad][S171BBAH055][BBA] Internship Report

 I.2. Organizational design
 Departmentalization:

managing
director

corporate supply operations MKTG & internal

HR & Admin CFO
SVC deptt chain deptt deptt saled deptt audit

FIN deptt IT deptt

 Chain of command:
o Chief Operating Officer
o Chief financial Officer
o VP Finance
o VP Marketing
o GM HR
o GM finance
o GM Sales and Supply chain
o GM Marketing
o Team leaders
o Team member

[Faiza Asad][S171BBAH055][BBA] Internship Report

CHAPTER TWO: DESCRIPTION OF DUTIES
Job title:
I was appointed as an internee at FCCL finance division where I worked under professionals for 6
weeks.
Description of department where I worked in was FINANCE:
Mainly I worked in Finance division works underneath the superintendence of Director Finance. The
overall work of Finance Division is to rearrange the Finance through Loan, proprietorship and
obtaining dividend from the various corporations by creating outlay in these companies, rendering and
examining the annual accounts of Fauji cement yet as its auxiliaries / linked corporations, industrial
comes and its welfare projects and also makes FCCL amalgamated finances etc.
Finance division is composed of further 3 departments that are:
 Accounts department
 Treasury department
 Provident fund department

Time spent in each department:

Name of department Duration
Accounts department 2 weeks
Treasury department 2 weeks
Provident fund department 2 weeks

All the knowledge I acquire from my internship in FCCL was new to me. During my internship at
FCCL, I experienced and learn a lot of things, I worked in different departments and watched all the
daily transactions, procedures and rules of working and also participate in performing those tasks. I
also perform my duty of operating photocopy machine, fax machine and also did the scanning of
vouchers and NIC photo copy for the purpose of supervision of Cheques for payment,

[Faiza Asad][S171BBAH055][BBA] Internship Report

I performed different duties that were assigned to me throughout the internship. Duties that I
performed during my time period of internship are related to different departments. Those were:

 Account department:

In the beginning weeks I was placed under accounts departments where I was assigned by multiple
tasks. At initial level I worked on scanning vouchers and checks and then moved towards the
preparation of different types of vouchers.

They involve:

 Receipt vouchers:

Whenever an amount is collected that would become the income and refund of the initial for the
FCCL. The receipt vouchers uses for this purpose and then added to the cash book of receipt side.

 Journal vouchers:

These vouchers perform many functions but in accounts these can be used for the current account’s
adjustments and in fixers of subscription account.

 Payment vouchers:

These vouchers could be made when any sought of amount will be paid to an employee whether there
is a loan payment or any settling in final accounts, so these vouchers helps in settling of expenses. Then
these vouchers will be kept under payment side.

 Provident fund department:

As associate degree internee, I handled the items from the beginning.  Provident fund is essentially for
workers profit for the time of their retirement. The leader and employee each contribute ten percent of
their basic pay as a provident fund. Provident fund could be a mandatory commitment of the
organization to form as per government rule. 2 sorts of loans are given to workers by the employers
that are refundable loan and non-refundable loan.

Then, I worked on ledger entries and opening of trial balance, balance sheets etc. written in the table
below.

[Faiza Asad][S171BBAH055][BBA] Internship Report

Week wise table of assigned tasks:

Date Name of Department Activity

Week 1
12-6-2019 Accounts Scanning of vouchers
13-6-2019 Accounts Scanning of vouchers
14-6-2019 Accounts Book keeping of vouchers
17-6-2019 Accounts Book keeping of vouchers
18-6-2019 Accounts Preparation of cheques
Week 2
19-6-2019 Accounts Making of receipt vouchers
20-6-2019 Accounts Making of journal vouchers
21-6-2019 Accounts Making of payment vouchers
24-6-2019 Accounts Making of all types of
vouchers
25-6-2019 Accounts Making of all types of
vouchers
Week 3
26-6-2019 Treasury Costing of products
27-6-2019 Treasury costing
28-6-2019 Treasury Learning about letter of
credits
1-7-2019 Treasury Making od LCs
2-7-2019 Treasury Making of LCs
Week 4
3-7-2019 Treasury Banking reconciliations
4-7-2019 Treasury Banking reconciliations
5-7-2019 Treasury Forecasting of statements
8-7-2019 Treasury Learned about how to do
financing, short term &long
term loans criteria and
requests.
9-7-2019 Treasury Preparation of requests
Week 5
10-7-2019 Provident fund bank reconciliation
statements
11-7-2019 Provident fund Learn about ledger entries
12-7-2019 Provident fund Entries in ledger and
Learn about making of

[Faiza Asad][S171BBAH055][BBA] Internship Report

 opening trial balance
15-7-2019 Provident fund Making of monthly trial
balance
16-7-2019 Provident fund Making of monthly trial
balance
Week 6
17-7-2019 Provident fund Adjusting trial balance
18-7-2019 Provident fund Adjusting trial balance
19-7-2019 Provident fund Worked on provident funds
and income and expenditure
statements
22-7-2019 Provident fund Worked on provident funds
and income and expenditure
statements
23-7-2019 Provident fund Worked on balance sheets
24-7-2019 ------------------- Visited at Fauji cement’s
plant.

[Faiza Asad][S171BBAH055][BBA] Internship Report

CHAPTER THREE: RECOMMENDATIONS

To provide the recommendation, I have performed SWOT analysis. This will help in better understanding
of the company in all aspects.
 Strengths:
One of the main cement producers in Pakistan, One in all rock bottom value producers within the trade,
Among the premium quality brands in the industry (trusted by mega comes each personal and public)
winning a premium price.

 Weaknesses:
Prospective drawback for ocean trading compared to plants in South. Lower reaching to some areas
because of complete capability at one site. High freight value on fuels and materials due to its location

 Opportunities:
Vital expansion opportunities, As West Pakistan has low per capita cement utilization, increasing
people, expanding cities population and rising financial gain levels, CPEC edge presents a good chance
for future growth of the organisation, Government’s outlay on groundwork (infrastructure)
development, building of highways, dams, energy comes and varied housing schemes (announcement
of five million homes by Government).

 Threats:
Increasing pressure on edges because of arising input costs, constraint on costs due to native capability
growth.

Recommendations:
 Management should focus on expanding its production.
 They should integrate both backwards and forwards capturing south and central market.
 Management should focus on cost reduction and increase in sales.
 They should invest handsome amount of cash in different projects so their daily expenses will
be optimized by them.

[Faiza Asad][S171BBAH055][BBA] Internship Report

  They should focus on long term goals rather than short term because it will help in edging on
interest rates.

CHAPTER FOUR: LEARNING OUTCOMES

 A transient summary of what I used to be able to incorporate into my industrial work from my
specific and implicit information non inheritable from the institution.
 The theoretical info that I have acquired did not matter much in spite of what's really wanted to
be perceived. Because the surrounding of education is totally different from that of practical
environment.  Even a number of the terminologies that I picked weren't detected within the
whole previous span of my degree. Even the worker officers were informing me relating to the
applying of textbook ideas onto the skilled field was different in applying all of them together.
 The work life opened the horizons in my perceptions relating to education, information and lots
of a lot of intuitive factors. I was schooled to learn critically, what I looked at and what ought to
be left out. The full expertise had improved emotional quotient and intellectual quotient of
knowledge. But to be in this same level more exposure of such atmosphere is required.
 The work whole was sort of a huge burden, one thing I ne'er encountered in my life. It had been
exhausting and was mind desensitizing work. However, as I had tailored to the routine, the
whole expertise at the organization was exceptional; I learned quite, I anticipated. The full work
was terribly mutual and that I got equal opportunities to be told all the items offered.

[Faiza Asad][S171BBAH055][BBA] Internship Report

REFERENCES/BIBLIOGRAPHY

[1] fauji cement company limited FCCL, [Online]. Available: https://fccl.com.pk/en/our-profile/.

[Accessed 2020].

[2] "annual report," fauji cement, rawalpindi, 2019.

[Faiza Asad][S171BBAH055][BBA] Internship Report

[Faiza Asad][S171BBAH055][BBA] Internship Report
ANNEXURE
Internship certificate:

[Faiza Asad][S171BBAH055][BBA] Internship Report

[Faiza Asad][S171BBAH055][BBA] Internship Report
Employer feedback form:

[Faiza Asad][S171BBAH055][BBA] Internship Report

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[Faiza Asad][S171BBAH055][BBA] Internship Report