(2008) Master of Business Administration Syed Yawar Abbas Kazmi Registration #.

SP07-MBA-003 Specialization: Finance Telephone: 03325231363 E-mail: yawar220@yahoo.com Comsats Institute of Information Technology Pakistan Ordinance Factories Wah Cantt Telephone Number Postal Address: Rabita Hall Aslam Market Wah Cantt

Start Date: July 21 End Date: August 28 Report Date: 26-12-2008

ACKNOWLEDGEMENTS

I am thankful to the following people, who have provided me every kind of information during Internship and to broaden my vision regarding reports:

I am thankful to my teachers Mr. Ayaz Ahmed, Mr. Saqib Bashir for their guidance at each step that has enabled me to develop such a great report. I am also thankful to Mr. Orangzaib Khatak (POFIT Admin), Mr. Muhammad Nabi (A-M Finance), Mr. Rana Bezad Purchase 1 and staff of all departments which I had visits for providing me the information about their company and assistance at every step of the report.

Table of Contents
Contents Executive Summary

Section 1
Chapter No 01 02 03 04

Review of Pakistan Ordinance Factories

Background and History POF Board Ordinance Business Operations Organization Chart

Section 2
Chapter No 05

Departments and Work Description

Procurement and Store Department Purpose and Scope Responsibilities Organization Chart Departments Purchase 1 Purchase 2 Local Purchase Procedure Purchase 3 Foreign Purchase Procedure Cash Purchase Cell Cash Purchase Procedure Purchase Coordination Registration Cell Purchase Budget

07

Policies Finance and Budget Department Organization Chart Departments Main Finance Section a. Maintenance of Public Fund b. Maintenance of Non-Public Fund c. Bank Account / Cash Management

d. Billing e. Budgeting Main Budget Section a. Sources of Income b. Budget Estimates and Forecasts c. Utilization of Funds

Section 3
09 08 10

Analysis
SWOT Analysis Human Resource Analysis Financial Analysis Ratio Analysis Horizontal Analysis Vertical Analysis Cash Flow Analysis

11

Conclusions

Section 4

Recommendation References Appendix