INTERNSHIP REPORT

Submitted in Partial Fulfilment of the requirements

For the award of the Degree of

Bachelor of Commerce (Honours)

By

Bhaskar P C

Reg No: 199UC48006

Under the Guidelines of

Yallappa.C

Assistant professor

Department of Commerce

CHRIST ACADEMY INSTITUE FOR ADVANCED STUDIES

Bangalore

(Affiliated to Bangalore University)

April ,2020
 DEPARTMENT OF COMMERCE

CHRIST ACADEMY INSTITUE FOR ADVANCED STUDIES

BANGALORE-560083

CERTIFICATE

This is to certify that the internship work carried out in “Silver Crest
Clothing. PVT. LTD” is a bonafide work by Mr. Bhaskar P C, bearing the
Reg No: 199UC48006 under my guidance in partial fulfilment of the
requirement for the award of Bachelor of Commerce (Honours) under
Bangalore University.

INTERNAL GUIDE COORDINATOR OF COMMERCE

Asst prof YALLAPPA.C Mr. UPENDRA WAGLE K S

 DECLARATION

I, Bhaskar P C, hereby declare that the internship report is uniquely prepared by

me after completion of four weeks work at “Silver Crest Clothing PVT LTD.” under
the guidance of Asst prof, Yallappa. C, Department of commerce, Christ academy
institute for advanced studies. I also confirm that the report is prepared only for
my academic requirement, not for any other purpose. No part of this report shall
therefore be duplicated without my prior consent and that of the company.

Bhaskar P C
Reg no 199UC48006
1 semester
B com (Honours)
Department of commerce
 ACKNOWLEDGEMENT

I am highly indebted to Rev.Fr. Antony Director, for his facilities provided to accomplish
this internship.
I would to thank my coordinator Prof. Upendra Wagle K S for his constructive criticism
throughout my internship.
I would to like to thank my college internal guide Asst. Prof.Yallappa.C for his support
and advices to get my internship completed
I would like to thank all the people who worked along with me in Silver crest clothing.
Pvt. Ltd with their patience and openness making it an enjoyable working environment.
It is indeed with a great sense of pleasure and immense sense of gratitude that I
acknowledge the help of these individuals.

BHASKAR P C
BCOM(HONOURS)
 EXECUTIVE SUMMARY

This report is compiled in partial fulfillment of the Bachelor of commerce (Honors)

Degree, and the serves to provide an overview of what I learnt during the internship. This
report is about my internship program carried out at “Silver crest clothing. Pvt. Ltd.”
From 20th December, 2019 to 18th January, 2020. I have completed the internship under
the guidelines of Mr.Raguramreddy. He is an accounts manager. In this report, I have
discussed about every major aspect of the company, which I observed and perceived
during my internship program. In this report you will find the details about the company
that includes history, location, products, manufacturing process and functions.
During my internship program, I mainly worked in accounting department and H R
department. I learnt recording transactions, importance of auditing, quality check of the
products and the production process. All the departments have been discussed in detail
and all the policies and procedures have been described thoroughly. During internship
period, I was able to acquire more practical knowledge and was able to apply the
knowledge acquired during the academic studies in a real world scenario. This report has
been prepared using the standard format that was designed by the Department of
Commerce. This report contains the following headings: Introduction to product based
company, internship Objective, Company Profile, SWOT Analysis, Self Evaluation and
Conclusion.
 LIST OF CONTENTS

SL NO TITLE PAGE NO

1 Introduction 1-2

2 Objectives of Internship 3

3 Company profile 4-5

4 Weekly Report 6-10

5 Swot Analysis 11

6 Self-Evaluation 12

7 Conclusion 13
 1.INTRODUCTION

Silver Crest Clothing Private Limited is a Private incorporated on 18 November 1993. It

is classified as Non-govt company and is registered at Registrar of Companies,
Bangalore. Its authorized share capital is Rs. 100,000,000 and its paid up capital is Rs.
94,800,000. It is involved in Manufacture of wearing apparel, except fur apparel [this
class includes manufacture of wearing apparel made of material not made in the same
unit. Both regular and contract activities are included]

Silver Crest Clothing Private Limited's Annual General Meeting (AGM) was last held
on 29 September 2018 and as per records from Ministry of Corporate Affairs (MCA),
its balance sheet was last filed on 31 March 2018

1.1: Private label

Allow our design, product development, and merchandising teams to focus on your
branded product to your team’s imagination to life.

We collaborate closely with our clients during the creative and development
process to deliver the best quality suits and tailored sportswear.

We have a large capacity, with a fast turnaround, but we can accommodate smaller
series, making us ideal for the large and small brands. Your product will benefit
from our high standards in fabric and production.

1.2: Corporate Wear

We care as much about your brand's identity as you do and you’ll be happy to know
we can translate that corporate spirit into comfortable, durable, and professional
fashion wear.

We manufacture business suits and uniforms. We have an extensive library of

performance fabrics, suited to the rigorous demands of the service industry.

1.3: Made to Measure

Precision made for your most exacting customer; it doesn’t get more customized
than this.

Allow us for partnering with you in offering your customer the experience of our
exceptional made to measure service. Our dedicated made-to-measure production
lines enable us to provide you with individually-made, high-quality tailoring.
 2.OBJECTIVES

2.1 General Objectives:

1) To gain an insight on Product Based Company
2)To develop skills and competencies that will enhance our employability.
3) To create a professional network that can lead to future employment
opportunities.

2.2 Specific objectives:

1) To learn the basic operations of Silver crest clothing pvt ltd
2) To know about the various departments of Silver crest clothing pvt ltd
3) To find out the various products/services offered by silver crest clothing pvt ltd
4) To gain practical knowledge and experience in various departments of silver crest
clothing pvt ltd
 3.COMPANY PROFILE

Silver Crest Clothing private Limited’s corporate identification number is (CIN)

U18101KA1993PTC014935 and its registered number is 014935.Its registered address
is 4E2, Kiadb Industrial Area, Attibele, Anekal Taluk, Bangalore, Karnataka 562107.

Current status of the company SILVER CREST CLOTHING PRIVATE LIMITED is

active. The company was incorporated on 18 November 1993 in Bangalore Karnataka.
Company had limited by shares. Its sub-category of tis company is non -government
company. Its last annual general meeting held on 30 September 2019 and balance sheet
on 31 March 2019.

Description:
The company manufactures apparels. It offers gents suits, trousers, jackets etc.

Products and services:

Mens trousers, Cotton shirt, Casual shirt, Printed T shirt, , Mens T
shirt, Collar T shirt.

Silver crest clothing’s operating revenues range is INR 100cr-500 cr for the
Financial year ending on 31 March,2018. It has increased by 5.02% over the previous
year. At the same time, its book net worth has increased by 18.75%.

The total paid capital is INR 9.48 cr. The last reported AGM (Annual General Meeting)
of the company, was held on 30 September 2019. Also, the balance sheet was prepared
for the period ending on 31 March 2019.
 NUMBER OF DIRECTORS of Silver Crest Clothing Private Limited had eight
members they are

Director Details

DIN Director Name Designation

07114760 YUVIKA BADER Director

00761245 PRAKASH Director

CHAND BADER

00375811 GAURAV Director

GOENKA

00425548 RAJKUMAR Director

GOLCHHA

07837769 RAMAKRISHNAN Director

RAMAJAYAM

00709405 GAUTAM Managing

GOLCHHA Director

00710358 JEET GOLCHHA Director

00425587 SANJAY Director

GOLCHHA
 4.WEEKLY REPORT OVERVIEW

4.1 Week:1
➢ Under the reference of my guide introduced myself to
employees and they introduced themselves to me. And
Date(23/12/2019): I referred day book of my company.

Voucher checking, filing.

Types of voucher:
➢ Journal voucher
Date(24/12/2019): ➢ Cash receipt voucher
➢ Cash payment voucher
➢ TDS journal voucher
➢ SBI, HDFC voucher
➢ Contra voucher.

➢ Observing the TDS journal entry passed through

system
➢ Checking the tax invoice
Date(25/12/2019) ➢ Tax invoice number, date, amount, SGST, CGST.
➢ Binding the invoice
➢ Checking the contra voucher
➢ Checking the cash payment voucher.

➢ Binding the tax invoice and purchase import and

inter voucher of their foreign companies like Orion,
Hong Kong etc.
Date-(27/12/2019)
➢ Checking the CORP payment voucher
➢ Dividing and filing the vouchers like inter unit stock
transfer, HDFC payment, TDS journal, CITIBANK
payment and receipt voucher.

➢ Referring the purchase import, interstate and local

vouchers
➢ Referring the CORP receipt and SBI payment
Date(28/12/2019) ➢ Referring the credit note
➢ Filing the purchase local and interstate vouchers of
November and December.
4.2 Weekly report 2
➢ Passing the TDS journal vouchers through
system of DHL PVT India ltd.
Date:(30/12/19)
➢ Binding the journal vouchers & inbound
charges invoice

➢ Referring the ledger accounts of Malur

branch
➢ Checking the Citibank payment voucher
➢ Salary statement
➢ Binding the invoice & voucher
➢ Filing purchase interstate voucher (dec).
Date:(31/12/19):
➢ Date:(02/01/20):
➢ Filing the IUT and journal voucher (sep)
➢ Writing on binding books (ex: tax invoice
,TDS journal , town hospital, purchase
import)
➢ Voucher print attaching for invoice.

➢ Learning the entry passed by inter unit stock

transfer voucher
➢ Attaching the invoice with IUT voucher
Separation and filing the DBS voucher
➢ Purchase import voucher
Date:(03/01/20):
➢ Citibank payment voucher
➢ TDS journal voucher
➢ Contra voucher
➢ Corp payment and receipt
➢ HDFC payment.

➢ Dividing double tax invoice print to customer

and accountant
Checking the tax invoice of Gutter man
➢ Invoice number, date
➢ GST, CGST
➢ Total amount
Date:(04/01/20): ➢ Learning how to pass purchase invoice entry
➢ Filing date wise vouchers
➢ Purchase interstate
➢ Purchase maintenance
➢ Debit note
4.3Weekly report 3

➢ the invoice with voucher Attaching

➢ Learned how to prepare purchase import
voucher
➢ Filing the vouchers
➢ Purchase import voucher
➢ Purchase interstate voucher
➢ Inter unit receipt transfer voucher through
date wise
➢ Date:(08/01/2020)
➢ Learned how to prepare purchase interstate
o To company
Date:(07/01/2020)
o By purchase of material
o By SGST/CGST
o Narration
➢ Filing the purchase import
o Debit note
o SCB voucher
o DBS payment voucher
➢ Filing purchase import voucher
➢ Purchase local voucher
➢ Purchase interstate
➢ Inter unit transfer
➢ Tax invoice etc

➢ Separation of invoice among the double

prints from import invoice
➢ Learned how to prepare TDS journal
voucher
o By documentation
Date:(09/01/2020) o By transportation
o BY IGST
o To global cargo service
o To TDS
➢ Passing the journal voucher ie 3 entries
➢ Attaching the invoice along with purchase
import, interstate, local voucher.
➢ Attaching the invoice
Date(10/01/2020) ➢ Attaching the HDFC voucher
➢ Checking the HDFC bank amounts
voucher
➢ Observing the voucher passing
➢ Checking the and learning the FOC.
 ➢ Passing the DHL express ltd and clearing
o By fright inward charges
o By CGST input services 9%
o By SGST input service9%
Date:(11/01/2020)
o To DHL express ltd
o To TDS on contract (corporate)
➢ Narration
➢ Checking some missing vouchers
4.4 Weekly report 4

➢ Checking the total of invoices

➢ Checking the bill
➢ Checking the total amount and material
Date:(13/01/2020):
in the bills
➢ Taking xerox prints of some invoices
to custom purpose

➢ Preparation of man power report

➢ Assisted in recruiting process
Date:(14/01/2020):
➢ Observed training of new employees
➢ Printed salary slips of employees

➢ OT report updation in excel sheet

➢ Attendance details of workers as well
as staff
Date:(17/01/2020):
➢ Late in and early out reports of
employees
➢ New joiners updation in excel sheet

➢ Absent track sheet preparation

➢ Weekly wage details of employees
➢ PF-UAN registration of newly
Date:(18/01/2020):
recruited employees
➢ Had visited whole plant and
departments.
 5. SWOT ANALYSIS

Strengths:
• Wide range of products
• Diversified global presence
• Excellent financial performance

Weakness:
• Too dependent on new fashion trends
• Too dependent on third party suppliers
• Low quality to maintain affordable pricing
• High cost of production

Opportunities:
• Their buyer personas improving her/his lifestyle, with more opportunities
to spend.
• More purchases online (expanding the H&M e-commerce platform)
• More export orders

Threats:
• A lot of competitors
• Quick change of fashion trends
 6. SELF EVALUATION

It was a complete useful experience learning at the clothing Industry. Since it is my first
Internship I was little nervous at the first. Coming to the experience it was really good, I
have learned many things right from raw materials to the package of produced products,
and some of the information collected regarding the accounts that are maintained
practically.

➢ Learned about the functions of various departments.

Practically experienced passing of entries and learned about IGST, CGST, SGST.
➢ Learned that how the orders are placed for purchasing the materials, then the
supply of finished products to their customers, and how the purchase orders are
maintained, their format, sales bills, package of produced products.
➢ Passed some entries related purchases.

By freight charges inward &clearing charges

By CGST input services
By SGST input services
To DHL Express India ltd
To TDS on Contract (corporate)

Overall learned how does a manufacturing company functions. One of most important
thing that I have learned is how to speak /approach to the top executives and to behave
in an organization, since it plays an very important role. The employees work actively in
the organization. And I experienced in Silver Crest Clothing Pvt Ltd is good
environmental work along with the employees
 7. CONCLUSION

Overall internship is a really good program. It helps to enhance and develop skills,
abilities, and knowledge. I was very excited to work in Silver Crest Clothing Pvt Ltd.
The internship was also good to find out what our strengths and weakness are. This
helped us how to improve in the coming time. The friendly welcome from all the
employees is appreciating, sharing their experience and giving their peace of wisdom
which they have gained in long journey of work.
In last, the 4 weeks of internship, that I had not only learned about the technical
aspects of Industry but also I had been taught how the Industry runs, how the system
works, technical skills with discipline and dedication. I felt happy of working in the
Silver Crest Clothing Pvt Ltd because I contribute to a company and I had gained more
knowledge and skills in the company. I once thankful to people who worked with me in
over all my internship program.