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Pak Elektron Limited (PEL) is the flag bearer of the Saigol Group of Companies. The products manufactured by PEL have always been of high standard and the name 'PEL'is synonymous with QUALITY all over Pakistan. Since its inception, the company has been working for the advancement and development of engineering know-how in Pakistan. The company has produced hundreds of engineers, skilled workers and technicians through its apprenticeship schemes & training programs. The company comprises of two divisions; 1 st is Appliances Division: This Division of PEL consists of home appliances manufacturing particularly Refrigerators. 2 n d is Power Division: PEL Power Division is one of the major electrical equipment suppliers to WAPDA & KESC. The company manufactures transformers, energy meters, switchgears, compact stations. I worked in the Accounts, Finance and Import department of the Pak elektron ltd. In the Accounts department I work in inventory, accounts payable, import, bookkeeping, and costing section. In the finance department i spend major time in the treasury and pledge section In the import department the basic thing is how to find the supplier, how to negotiate With them and how to open the letter of credit. In the procurement or commercial department where the local purchases are made I learned the whole system of purchasing, recording and how the goods reaches to the store. While working with PAK ELEKTRON LTD, I got very broader visions aboutcompany financial and marketing activities more than those that I had learned duringmy MBA program. Finally I have provided recommendations to the company regarding their Management functions and other business plans. INSTITUTE OF MANAGEMENT SCIENCES, B.Z.U. MULTAN
Pak Elektron Limited
Refrigerators. In the year 1980 the company expanded into consumer products with the introduction of Window Type Air Conditioners and today also manufactures Split Air Conditioners. In October 1978. It is the oldest composite electrical equipment-manufacturing unit of Pakistan producing power and consumer products. Microwave ovens. Cage Induction Motors up to 40HP.INTERNSHIP REPORT 2 Introduction Pak Electron Limited (PEL) is the well renowned company in home appliances sector. switchgears and electric motors. the company was taken over by the SAIGOL GROUP. The present range of power products includes Transformers up to 33KV 5MVAcapacity. which is one of the leading industrial groups in PAKISTAN. Since its inception. Banks and Reclose etc. PEL products right from the beginning have been of a high standard and the name PEL is synonymous with QUALITY all over Pakistan. AEG experts and PEL personnel carried out the designing and production of these equipments jointly. the company has been acting as an institution working for the advancement and development of engineering know how in Pakistan. Switchgears up to 33KV. Small Generators. PEL was established in 1956 with the technical collaboration of M/s AEG Germany with object of initially producing transformers. skilled workers and technicians through its apprenticeship schemes and training programs. It is the journey of years to reach this position. Shunt Capacitor. The company has produced hundreds of engineers. Single Phase Energy Meters. Deep Freezers and Compressors etc. having diversified business activities. Pak Elektron Limited INTERNSHIP REPORT .
corporate values and a safe working environment with a strong sense of social responsibility INSTITUTE OF MANAGEMENT SCIENCES. privileges and obligations relating to the sold . machinery. MULTAN Pak Elektron Limited INTERNSHIP REPORT 4 OBJECTIVES The Objectives and Missions for which the company is established are as following: The purchase and acquire from Messrs. B.3 VISION AND M ISSIO N OF PEL VISION STATEMENT ³To excel in providing engineering goods and services through continuous improvement´ MISSION STATEMENT To provide quality products & services to the complete satisfaction of our customers and maximize returns for all stakeholders through optimal use of resources To focus on personal development of our employees to meet future challenges To promote good governance.Z. Malik Brother Limited on Ferozepur Road (Near Walton) in the district of Lahore under the name of Pak Elektron and allplant. goodwill and all the subsisting contracts in respect thereof withright.U.
To produce skilled workers and technicians through its apprenticeship schemes and training programmed for engineers and technicians.U. To produce equipment to be used in numerous projects of national importance. installing. To do all such things that are incidental or conductive for the attainment of the Above objectives or any of them. B. To carryon any business whether manufacturing or otherwise which maybe found Convenient to undertake in connection with or in addition to any of these objectives Mentioned above. INSTITUTE OF MANAGEMENT SCIENCES. MULTAN .Z. selling. To secure a high share / quota of WAPDA¶s demand for power products. To carry on the business or business of manufacturing. maintaining designing and dealing in all kinds of electrical equipment.properties and with a view thereof to enter into the agreement and to carry the same into effect with or without modifications . To produce high quality and standard products.
Binnie & Partners (England). PEL equipment was approved by consultants of international repute including Preece Cardew & Rider(England). Up to 1962. total share holding of AEG was purchased by the then sponsors Malik Brothers.98 million and Bridge Loan of Rupees 7. The production continued with AEG designs with much greater emphasis on the quality and reliability of the products which earned unique distinction of supplying electrical equipment to projects of paramount national importance like Mangla Dam and Tarbela Dam Projects. when AEG finally phased out. The entire job of machinery requirements and layout of the factory building was planned and implemented by AEG who produced very well balanced facility for the design and manufacture of the above equipment and the commercial production was commenced on 22 November 1956.Pak Elektron Limited INTERNSHIP REPORT 5 History PAK ELEKTRON LIMITED was set up in 1956 as a joint venture with one of the largest and renowned manufacturers of electrical equipment Messrs. Harza Engineering International (USA) and Miner & Miner International Inc. had received specialized training in USA and West Germany which enabled PEL to establish itself as the leading manufacturers of electrical equipment in the country with an excellent reputation for high quality and thus PEL came to be known as "THE QUALITY CONSCIOUS COMPANY". After conclusion of agreement with AEG. Switchgears and Electric Motors etc. the designing and manufacturing of allequipment was carried out jointly by AEG experts and PEL personnel. As a part of long term plans. in the meantime. (USA). AEG of West Germany for manufacturing Transformers. PEL staff. .50million (against the public issue of its shares) was provided by the ICP-led Consortium. As a part of first phase of its BMR Programmer the new management injected the additional working capital of Rupees 8. the manufacturing of window type Air conditioners was taken up in 1981 and was immediately established for quality. The majority shares were acquired from Malik Brothers by Saigol Group on 11October 1978 and immediately on takeover the new management chalked out both long term and short term plans to put the company back on the path of progress.
modernization and replacement of the existing plant.the leading bank of the company provided the financing.450 cubic feet. During the year 1990 the company had signed an agreement with Messrs HITACHI of Japan for the manufacture of Vacuum Circuit Breakers. INSTITUTE OF MANAGEMENT SCIENCES. The plant consists of most modern and latest numerically controlled electronic machines with robotics technology and is capable to produce960. Pak Electron Limited is known for its continuous research and development andtransfer of technology from abroad. For the project National Bank of Pakistan . The machinery has come into operation in October 1991 and with the balancing. The technical know-how agreement has been signed with M/S NECCHICompressors. The Company commissioned its plant for the manufacture of Electricity Meters in Pakistan in June 1994 with the technical collaboration and under license from M/S Asea Brown Boveri United State of America (A.B. USA).B.11 million.The company launched the second phase of its BMR and expansion of the existing product line in the year 1987 and imported machinery for the manufacture of Refrigerators and Deep-freezers for a total value of Rupees 22.Z. The company has entered into an agreement with Pakistan Industrial Credit and Investment Corporation (PICIC) for a foreign currency as well as local currency loan of Rupees 25 million for the expansion. The management of the Company decided to further expand its operation by establishing a plant for the manufacture of compressors for refrigerators and deepfreezes. B. MULTAN .U. the production capacity of Refrigerator Section will reach a level of 252. Like Air conditioners these products have also been well received by the local market which speaks highly of the confidence the consumer has developed in the quality products manufactured by the company. modernization and replacement of machinery.000 single phase electricity meters per annum in accordance with the international standards and specifications using the latest and most modern techniques available in the world. Italy for the assembly and progressive manufacturing of compressors for refrigerators and deep freezers. balancing.
Pak Elektron Limited INTERNSHIP REPORT 12 Product Hierarchy: Major Competitors Appliances Division .
Dawlance Wave s Haier Mitsubishi Orient Singer Panasonic Power Division Seimens Climax Transfer J&P AB Ampere Ahmad & c ompanie s Feco Areva Fico Pe mpam Tariq Electric Syed Bhais Microtech Escort SB Electronic Creative Electric .
Finance. However. The functions of Accounting. Functions that are important to each product and market are decentralized to the self contained units. Because the organization combines the characteristics of functional and divisional structure in its organizational structure. some functions that are relatively stable and required economies of scale and in depth specialization are centralized at the management level.Pak Elektron Limited INTERNSHIP REPORT 15 Organizational structure The structure of the Pak Elektron Limited is Hybrid. Industry . Human resources. As the organization has grown large and have several products and markets so it is organized into self contained divisions of some type.
Azam Saigol (Chairman/Member) . R&D and Information technology are same for the both divisions but each division has its own separate functions of sales. Homaeer Waheed Mr. Masood Karim Sheikh (NBP Nominee U/S 182 of Ordinance) Mr. Wajahat A. Through sheer dedication. Mian Naseem Saigol BO ARD O F DIRECTO RS Mr. MANAGEMENT PROFILE A committed team of highly qualified. M. production and marketing. Tajammal H. M. Azam Saigol Mr. Haroon Ahmad Khan (Managing Director) Mr. Baqi (NBP Nominee U/S 182of Ordinance) CH IEF FINANCIAL O FFICER Sayad Manzar Hassan CO M PANY SECRETARY Sheikh Muhammad Shakeel. financially soundand reputed sponsors manages the Company. diligence andthe Almighty¶s Beneficence the management team at Pak Elektron Limited haveearned reputation for excellence in manufacturing of electrical as well as homeappliances and their marketing. CH IEF EXECUTIVE Mr. Bukharee (NBP Nominee U/S 182 of Ordinance) Mr. FCA AUDIT COMM ITTEE Mr. Shahid Sethi Mr. experienced professionals.relations. Murad Saigol Mr. Gull Nawaz (NIT Nominee) Mr.
Pak Elektron Limited INTERNSHIP REPORT 28 Pak Elektron Limited INTERNSHIP REPORT 19 Introduction of Departments .