Suleman 2014-15

Suleman Spinning Mills Ltd.
Group Profile
SULEMAN SPINNING MILLS LTD.
Suleman Spinning Mills Ltd., one of the group companies of
the Rahim Baksh Group, is a Textile Spinning unit established
as on 24th August, 1946 and engaged in manufacturing of
yarns of various Counts. The company has authorized capital
of Rs. 411,000,000 as on September 30th 2014.
Company Name
Line of Business
Rahim Baksh Textile

Textile (Spinning)
Mills Limited
Status
Public
Company
Limited
Baksh
Textile (Spinning
(Pvt.)
Weaving)
& Private
Company
Limited
Suleman Fabrics Ltd, Textile (Spinning)
Private
Company
Limited
Rahim
Industries
Limited
During year 2012 to 2014 the annual production capacity of

the company was 34.813 million Kgs converted into 20 Ne
Count based on 111,136 spindles. Currently the number of
spindles installed has been increased to over 175,000
spindles.
A summary of the companys production record for spinning
section for the past three years is given under
Year ended 30th September
2012
2013
2014
No. of spindles installed
59,200
79,864
177,448
Average no. of spindles worked
47,085
64,195
155,330
Capacity at 20 count(Kgs.)
17,778,00 22,841,00
0
2
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48,669,11
5

No. of shifts worked
1,092
1,040
Actual production converted at

20 count
14,652,68 18,703,37
0
8
47,394,44
6
Capacity Utilization
82.00%
97.38%
82.00%
1,095
The company sales are comprised of local sales which is

almost 100% against advance cash payment. The total
turnover of the company during last year was Rs. 3.226
Billion which is expected to cross 5.00 Billion mark during
the current year.
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Introduction to Suleman Spinning Mills

Ltd.
Suleman Spinning Mills Ltd. started its production in 1988,by
producing "LILY" brand. Following are the production
facilities available in this unit.
Following are the production facilities available in this unit.
Machinery
Department
Toyoda
Blow Room
Cards
Crosrol MK-4, FA-224

Toyoda & Rieter
Drawings
Toyoda FL-16, TJFA-458A
Simplex
Toyoda RY-4 &,RY-5,RX-100, FA1520
Ring Frames
Spindles
25440
Auto Windings
Murata Mach Coner
Address:
SULEMAN SPINNING MILLS LTD.

47- Qasim Road, Cantt., Multan, Punjab, Pakistan
Phone: 9261-111555456 / 4511137 / 4511237
Fax: 9261-4511867
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Certifi cates
AOQC Moody International, accredited by TGA/DAR of
Germany, has granted Rahimbaksh Group of Companies ISO 9002 Certifi cate in 1998-99 void registration #
990548,990549,990450,9904551. Currently all our shipments
are being executed based on ISO -9002 requirements.
Arian Mills Ltd. Certifi cate No: 9904551
Arian Textile Mills Certifi cate No: 9904549
Arian Fibres Ltd. Certifi cate No: 9904550
Rahimbaksh Textile Mills Certifi cate No: 02192
Suleman Spinning Mills Ltd. Certifi cate No: 9904548
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Management
Chief Executive
Mr. Muneer Ahmed
Director Operation
Mr. Rasheed Ahmed
Director - Export
Mr. Abdul Waheed
Director - Marketing
Mr. Tanveer Ahmed
Director
Mr. Naveed Ahmed
Director
Mr. Muhammad Asim Majeed
Director
Mr. Qaisar Shabbir
Director
Mr. Waseem Ahmed
Auditors
Ch. Hameed & Company
Charted Accountants
Bankers
Habib Bank Ltd.
Metro Politan Bank Ltd.
Muslim Commercial Bank Ltd.
Bank Al-Falah Ltd.
Head Offi ce
61-Abdali Road Multan
Punjab Pakistan.
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The group has been managed by professionally qualifi ed staf

in the fi nance, marketing, export, production, technical,
services and legal fi elds. The experienced management has
made smooth working and profi table operations of the group
a hallmark in the fi eld of management sciences.
LEGAL FORMATION & STRUCTURE

Rahim Baksh Groups structure is a hybrid of divisional and
functional structures; divisions are based on two products
Yarn (Spinning Facility) and Grey Fabric (Weaving Facility).
Memberships
Lahore Chamber of Commerce Industries
APTMA (All PAKISTAN TEXTILE MILLS ASSOCIATION).
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MISSION STATEMENT
The Company should secure and provide a rewarding return
on investment to
Its shareholders and investor, quality product to its
customers, a secured and environment friendly place of work
to its employees and present itself as a reliable partner to all
business associates.
VISION
To provide quality products to customers and explore new
markets to promote/expand sales of the company through
good governance and foster a sound and dynamic team, so
as to achieve optimum prices of products of the company for
sustainable and equitable growth and prosperity of the
company.
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OBJECTIVES OF COMPANY
To satisfy the customer by provides quality
reasonable price of products through out the country.
To satisfy its employees through good management.
The product should meet the customer expectations.
The basic concern is to satisfy customers.
and
To provide good job opportunities and satisfactions to

the people.
To respect our competitors.
The employees are as important as external customers.
Teamwork and cooperation are more important than

individual action.
Never be satisfi ed with the level of quality always strive

for continues improvement
No compromise on quality
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Various Departments of Organization

Following are the dif erent departments in organization:
1.
Administration & Human Resources Department
2.
Marketing Department
3.
Import & Export Department
4.
Production Department
5.
Finance & Accounts Department
6.
MIS Team
7.
Quality Control Department
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Administration & Human Resources

Department
This is very important department of the organization. As
the name shows this department is to administer all the
operations of the organization.
This is headed by the R.D. (Resident Director) of the
company. It deals with all the matters that are related with
personnel Section of this department are divided into offi cer
as under: A)
B)
C)
D)
A)
Labor Offi ce
Security Guard Offi ce
Gate Offi ce
Time Offi ce
LABOUR OFFICE
As required by the Labor Department of the Government of

Pakistan this offi ce has been set up to deal with all the
matters that are related with labor.
It is the duty of Labor Offi ce to inform the management
regarding
update
information
of
legal
requirements
concerning the labor and company af airs. It is his duty to
satisfy himself regarding payment of bonus, gratuity and
other benefi ts to labor.
B)
SECURITY GUARD OFFICE:
The main objective of the Security Offi ce is to safe handling

of the good form / to the mail premises. For the achievement
of such objectives a team of security guards has been
employ by the company.
C) GATE OFFICE:
This offi ce has been made to keep the record of each and
every thing coming into and going out of the organization.
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For this purpose Gate Offi ce Clerk maintains two types of
registers called: 1)
2)
C)
Outward Going Pass (Register)

Inward Going Pass (Register)
TIME OFFICE:
This offi ce keeps the record of all the workers on Time Cards
and Pay Register for the fi nal costing of the workers`
salaries..
1.
It is also helpful in keeping the record of
workers at attendance register, which is then used to prepare
salaries, bonus on the monthly basis for all workers.
2.
It also keep the record of the leaves,
number of days worked of all the workers.
3.
It also keeps the record of Social
Security. EOBI, Education Cass etc. of each worker/employee
payable to the Government treasury.
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ACCOUNT AND FINANACE

DEPARTMENT:
The art and science of managing money is known as
management of fi nance. Finance and accounts departments
keep the quantitative control over the transaction before
describing the activities of this department. I would like to
defi ne the hierarchy structure then it will be easy to
understand the division of authority and responsibilities.
G.M FINANCE
SENIOR MANAGER FINANCE
MANAGER ACCOUNTS
ASSISTANT ACC
OPERATOR
ASSISTANT ACCOUNT
DATA
So the activity start in such a way that all the voucher and
invoices of all the transaction fi rst come the concerned mill
to this department and then they enter it in order to
maintain their records
FUNCTIONS OF ACCOUNTING DEPARTMENT:
Keeping Records.
Cash Management
Payment of Bills and Charges
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Cash Receipts.
Stocktaking.
Reporting to Top Management.
Preparation of Bank Reconciliation statement.
Depositing Income tax through Challan.
Preparation of Monthly Trial Balance
Preparation of Final Account.
Stock Procurement
Provide Information During Audit.
Analysis Of Reports.
PARTIALLY COMPUTERIZED ACCOUNTING

SYSTEM
The company has not computerized Accounting System.
Transactions are recorded and posted in their respective
head both by the Accounts Assistant and Computer
Operators.
Only the Computer operator or Accounts
Assistant maintains some record. For example: yarn Stock
register, Spindles worked Register is not maintained By the
Computer Operator.
Similarly Records of Banks is only kept and maintained by
the Computer operators. There is no complete computerized
accounting system. To minimize the error or omission risk
record is also maintained manually.
At the end of each
month manual and computer record are compared to remove
error or omission.
With the use of computer it is possible to make

available required data promptly.
Various reports are prepared and presented to top

management for analysis.
This was not easy without the
computer help.
Trial balance is prepared at the end of each month.
Bank reconciliation statement is also prepared at the

end of each month.
Stocktaking is done and production account is prepared

at the end of each month.
The cashier fi rst, makes forecasting and then draws

cash from the bank so that payments can be made on that
particular day.
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VOUCHERS USED IN ACCOUNTING

DEPARTMENT
Cash Payment voucher.

Cash Receipt Voucher.
Bank Payment Voucher.
Bank Receipt Voucher.
Journal Voucher.
Other Documents used is

Income tax Challan.
D.D. T.T Slip.
Bank Pay In slip.
BANKING SECTION:
This section is the very important part of the Accounts
Department. This section handles all the functions that are
related to the banks. Key functions of the section are as
under:
Preparation of Bank reconciliation statement.
Treatment of the banks debit and credit pieces of

advice.
Preparation of the duty, drawbacks statement and

presenting to the authorities.
Preparation of D.D, T.T. Payment Orders. (PO) with

reference to payments to the parties.
All the works related to the letter of credit. L/C.
Re-imbursement and adjustment of the export fi nance.
PURCHASE SECTION:
Purchasing department deals with purchase of any thing that
is demanded by included machines, parts, raw material,
packing material, critical accessories, and lubricants etc
This department headed by a purchase Manager conducts all
the purchases.
.
Whenever any particular department
requires any part of material, its head makes demands of
items to be required. This demands contains the information
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like, items description, quality, quantity and others.
The
departmental head and the C.O.O sign the demand
Hierarchy structure of the purchase department is as follows
MANAGER PURCHASE
PURCHASE OFFICER
ASSISTANT PURCHASE OFFICERS

The purchase Manager has the list of preferable suppliers of
the certain items. It selects the supplier from the list. Then
he visits personally to the market and given the purchase
order. The purchase offi cer has been provided a van, he
himself
or
through
some
other
sources
makes
the
arrangement to bring the purchased material in the Mills
premises.
For the store dif erent heads has been created in the store
ledger. These are
Spare Parts
Packing Material
Electrical Goods
Building Material
Capital Goods
Oil and Lubricants
Stationary
Miscellaneous.
Each head has been assigned a code number, according to

the section, in which they will be utilized in the future.
Whenever a part is issued to the particular section it is then
posted to the relevant coded account. Moreover this item
has also been assigned a code number.
When any material is issued to the relevant section, store
issued an S.I.V (Store Issued Voucher). This S.I.V is then
sent to store purchase section of the accounts department.
The section clerk then writes down the codes of each item
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on the S.I.V. from the Chart of Account each item is then
valued from the store ledger on the basic of the moving
average, and then expensed out in the Companys expenses
account according to the treatment required like.
Offi ce expenses (general and Administration)
Material issued to the production of the yarn is treated

in the C.G.S. (cost of goods sold).
Electricity and other such of expenses are charged to

the general expenses.
Printing and stationary used in the Accounts offi ce is

charged to Profi t and Loss A/c as expense.
At the end of the every month and the accounting year the
stores valuation is conducted. For this the section counts the
numbers of items from the store valued them on the basis of
moving average. And then are treated into the companys
monthly and annual accounts as follow.
Opening Stores
Add. Purchases
Less. Issued
xxx
xxx
xxx
Ending Stores
=====
xxx
=====
The value of the ending stores is then taken to the Current

Assets portion if Balance Sheet and the value of the S.I.V. is
treated as the expenses of the company for the preparation
of the Profi t & Loss Account of the particular period.
TAX DEDUCTION:
As required by the Tax Authorities of the Government of
Pakistan, whenever the Company makes purchases from the
supplier, gets services on contract or on commission basis,
the paid to the party is tax deducted. When the Company
will make the payment to the party (supplier, contractor or
commission agent) it will deduct the tax from the amount to
be paid to them.
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PURCHASE SYSTEM:
The cotton purchase of SPML is mostly done through dif erent
commission agents then commission vary from company to
company. The agent takes the responsibility of all the
function from delivery to payment.
BANK:
No spinning mill can purchase cotton with its own fi nancial
resources alone. SPML also does the same. It gets helps of
bank in cotton purchase. Bank Al- Habib and Habib Bank
fi nance SPML.
PAYMENT:
Mostly SPML purchase cotton on credit basis. The payment is
made through demand draft (DD) directly to the seller or to
the agent. The payment is made well in time to the seller.
LAB TEST
SPML also conducts the lab test inside the mill before doing a
fi nal contract with the ginners in order to check the quality
of cotton.
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GENERAL PURCHASE
DEPARTMENT
The responsibility of the purchase offi ce is to purchase all
type of material needed by the company. This department
makes fi ve types of purchases.
1-Cash purchases
2-Credit purchases
3-Import i.e. purchase through L/C
4-Partially cash purchase
5-Purchase by advance payment
PROCEDURE
Deman d:
The purchases are made when dif erent departments raise
demand. These purchases are made when main store
recommend the demand
PURCHASE OF GENERAL ITEMS:
Purchase department purchases the general things without
asking any quotation from the parties rather it is directly
purchased from the market.
PURCHASE OF SPECIAL ITEMS:
Asking quotations from dif erent parties does this type of
buying.
On the arrival of quotations, these are compared according
to the rates and quality of samples.
APPROVAL:
With so much care and consent fi nal approval is made by G.M
and C.O.O
FINAL BUYING:
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The purchase department purchases the desired items from
the winning party and sends it to store department of mill.
Here these items are issued whenever demanded by dif erent
departments. Even the head offi ce also gets its desired
goods and stationary and supplies from the store of the mill.
COTTON STOCK REGISTER:
In this section a cotton control account register is
maintained. When purchase section makes a contract with
the buyer, it seeks for that certain Purchase order form the
ginning mills. When the cotton comes in the factory gate,
the gate clerks makes contact with the commercial section
and the Mills Manager who checks the cotton that whether
the cotton is according to the requirements or not. If the
answer is in O.K, then gate clerk is issued an I.G.P (inward
gate pass) pass.
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FINANCIAL ANALYSIS
Financial statements are prepared primarily for decisionmaking. They play a dominant role in setting the framework
of managerial decisions. But the information provided in the
fi nancial statements is not an end in itself as no meaningful
conclusions can be drawn from these statements alone.
However,
the
information
provided
in
the
fi nancial
statements is of immense use in making decisions through
analysis and interpretation of fi nancial statements
Here are the fi nancial statements:
Financial Statements Includes:
Balance Sheet.
Income Statement

Balance Sheet (Assets)
As on June. 30 (2014, 13)
Items
Current Assets
Stores, Spares and Loose Tools
Stock in Trade
Trade Debts
Advance Deposits Prepaid & Other
Receivable
Cash & Bank Balance
Fixed Assets
Property, plant and equipment
Long term Security & Deposits
Total
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2014
2013
95,179,573
989,776,408
416,257,810
33,237,233
781,110,255
366,148,685
348,311,909
13,334,722
179,509,904
44,073,543
1,560,871,90
1
11,802,332
3,435,534,6
45
1,332,407,57
8
9,776,419
2,746,263,6
53

Balance Sheet (Equity & Liabilities)
As on June. 30 (2014,13)
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Items
Current Liabilities
Trade &Other Payable
Markup accrued on secured loans
Short term borrowings
Current
Portion
of
Long
term
Liabilities
Current
maturity
of
Liabilities
against assets subject to Finance
lease
Non-current Liabilities
Long term loans
Liabilities against Assets Subject to
Finance Lease
Def erd Liabilities
Shareholder s Equity
Paid Up Share Capital
Share Deposit money
Unappropriated Profi t
Total
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2014
2013
410,029,800 303,122,887
30,091,682
22,944,867
1,225,513,40
4
822,806,614
95,665,313
89,600,000
30,187,935
25,027,388
325,141,017
357,821,659
60,483,487
112,335
63,799,405
203,250
450,000,000
178,605,410
339,080,782
3,435,534,6
45
450,000,000
178,605,410
135,465,624
2,746,263,6
53

Profi t & Loss Accounts
For the Year ended June. 30 (2014,2013)
Item
Sales
Less Cost of Goods Sold
Gross Profi t
Less Distribution & Selling
Costs
Administrative Expenses
Other Operating Expenses
Add Other Operating Income
Profi t From Operation
Less Finance Cost
Profi t Before Taxation
Less Tax
Profi t After Tax
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2014
2,505,047,8
83
1,891,361,5
95
613,686,28
8
2013
1,506,834,0
91
1,158,561,3
18
348,272,77
3
114,090,556
74,680,884
15,284,001
259,428
409,890,27
5
181,902,364
227,987,91
1
30,615,842
197,372,06
9
78,754,793
53,796,277
5,224,110
428,359
210,925,95
2
116,661,747
94,264,205
13,475,103
80,789,102
RATIO ANALYSIS
ANALYSIS FOR LIQUIDITY OR
LIQUIDITY RATIOS
This analysis is also called analysis for short-term solvency
or short-term fi nancial position. The short-term creditors of
a company like suppliers of goods on credit and commercial
banks providing short-term loans, are primarily interested in
knowing the companys ability to meet its current or shortterm obligations as and when these become due. The shortterm obligations of a Company can be met only when there
are suffi cient liquid assets.
CURRENT RATIO:
Current ratio may be defi ned as the relationship between
current asset and current liabilities.
It is a measure of
general liquidity and is most widely used to make the
analysis for a short-term fi nancial position or liquidity of a
fi rm. It is calculated by dividing the total of the current
assets by total of the current liabilities.
CURRENT RATIO: (Current Assets/Current liabilities)
YEAR 2014
1.04
YEAR 2013
1.11
Company ratio has improved in fi scal year 2014 and assets
are .25 times greater then current liability so performance is
well
.
QUICK RATIO:
This ratio is also termed as acid test ratio or Quick ratio.
It is the ratio of liquid assets to current liabilities. The true
liquidity refers to the ability of a fi rm to pay its short-term
obligations as and when they become due.
Liquid assets
liabilities
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(current
[24]
assets-
inventory)/Current

YEAR
2014
0.49
2013
0.49
Liquidity is satisfactory in both year and company has ability

to meet its short-term obligation in a nice way
ACTIVITY ANALYSIS
Activity ratios are used to measure the speed with which
dif erent accounts are converted into cash or sales.
INVENTORY TURNOVER RATIO:
Inventory turnover ratio measures the velocity of conversion
of stock into sales. Usually, a high inventory turnover/stock
velocity indicates effi cient management of inventory because
more frequently the stocks are sold; the lesser amount of
money is required to fi nance the inventory. A low inventory
turnover ratio indicates an ineffi cient management of
inventory.
YEAR
Ratio
2014
24.45
2013
21.25
Inventory turnover of the Company is constant. The stock

turnover of the Company is slow. There is high investment in
the stock.
AVERAGE COLLECTION PERIOD:
The Debtors/Receivables Turnover Ratio, when calculated in
terms of days known as Average Collection Period or Debtors
Collection Period Ratio. The Ratio measures the quality
of debtors. A short collection period implies prompt payment
by debtors. It reduces the chances of bad debts. Similarly a
longer collection period implies too liberal and ineffi cient
credit collection performance.
ACP =
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Account receivables /average sale per day
[25]

YEAR
2014
59.8 Days
2013
87.47 Days
The debtors of the Company are turning into cash promptly.

These ratios show that the debtors management of the
Company is effi cient.
AVERAGE PAYMENT PERIOD:

This ratio is similar to Debtor collection period. This ratio
gives the average credit period enjoyed from the creditors.
Average payment period
purchase
Account payable /Average

per day
YEAR
2014
17.80 Days
2013
24.97
Days
The average payment period ratio represents the number of
days taken by the fi rm to pay its creditors.
A higher
creditors turn over ratio or a lower credit period ratio
signifi es that the creditors being paid promptly, thus
enhancing the creditworthiness of the Company.
LONG TERM SOLVENCY

ANALYSIS
Liquidity Ratios, which indicate the short-term fi nancial
position of the business, have been already explained. Now
the long-term solvency ratios are dealt with.
The term
solvency refers to the ability of concern to meet its long-term
obligations.
DEBT EQUITY RATIO:
Debt Equity Ration indicates the relationship between the
external equities or outsiders funds and the internal equities
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or shareholders funds.
It is determined to ascertain
soundness of the long-term fi nancial policies of the company.
DEBT EQUITY RATIO
SHAREHOLDERS
LONG
TERM
DEBTS
EQUITY
Year
2014
0.39
2013
0.55
To assess the extent to which the fi rm is using borrowed

money, we may use debt Equity ratio.
Long-term fi nancial position of the company is satisfactory.
In 2014 shareholders are providing .39 of the total long-term
funds of the Company. Creditors would generally like this
ratio to be low. The lower the ratio, the higher the level of
fi rm fi nancing by the shareholders and larger is the creditors
margin of protection.
Debt Equity ratio will vary according
to the nature of the business. But generally it must be 1:1.
TOTAL DEBT ASSET RATIO: (TOTAL DEBT / TOTAL
ASSETS)
This ratio shows the %age of total assets fi nanced by the
borrowed money.
YEAR
2014
63.37%
2013
61.37%
This ratio shows the outsiders fi nancing in the total assets of

the company is more than 50%. The higher this ratio, the
more fi nancial leverage a fi rm has.
This ratio serves a
similar purpose to equity ratio.
PROFITIBILTY
RATIOES
Profi tability ratios allow the analyst to evaluate the fi rms
earning with respect to the given level of sales. Without
profi t a fi rm cannot attract the outside capital
Following profi tability ratios are
calculated to analyze the profi tability of company
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1- Gross profi t margin
= Gross profi t/sales*100

YEAR
Ratio
- Operating profi t margin

YEAR
Ratio
3- Net profi t ratio
2014
24.40 %
2013
23.11%
= operating profi t/sales*100

2014
9.09%
2013
6.23 %
= net profi t/sales*100

YEAR
Ratio
4- Earning Per Share

shares
Year
2014
7.88%
2013
5.36 %
= Net profi t/ Outstanding Common
2014
2013
43.86
17.95
So the company performance is satisfactory in term of profi t.
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WHAT I HAVE LEARNT IN THE

ORGANIZATION
Suleman
Spinning
Mills
Ltd.
is
a
well
established
organization. There is penalty of chances of learning in such
type of organization. I have learned the things which I could
never been able to learn. Following are some of the points
that I learnt.
In the professional life, you got to be punctual at any step
whether you are in the house or in offi ce, because it is the
demand of the working line where you must obey time, as I
learned to be punctual in offi ce.
Its been the responsibility of an employee to always obey
your boss every time whether you are in angry mood or in
jolly mood and same as to your boss. Boss is always right is
the
principle
the
principal
followed
mostly
in
the
organization.
We should respect each and every individual without their
position in the organization and society. The same culture is
found in the organization, every employee respects the
other.
The main thing that I have learned from SPML that every
individual is so hard working and committed to their work
that it forced me to do the same thing. So, I tried my best to
have hard work and I got good remarks from my supervisors.
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SUGGESTIONS &
RECOMMENDATIONS
They can advertise in international magazines about
their selves.
1.
SPML can publish its own local business magazine to

promote their selves
2.
3.
Can be
Marketing)
advertised
over
the
internet
(electronic
4.
By holding the seminars on textile industry and of er to
attend the seminars to their customers
5.
International business seminars in multiple countries
and of er their products to already existence and new
customers.
6.
Monthly Budget, by making monthly budgets for each
department especially for the commercial department, the
late shipments and late purchasing of yarn can be vanished.
7.
Organize fashion shows in foreign countries as well as in
local markets.
8.
The H.R Department should be advanced with every
respect not only in making salary slips but also for the other
related issues to be occupied to make effi ciency.
Internship Report
[30]
Internship Report
[31]

Suleman 2014-15

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Suleman Spinning Mills Ltd.

Rahim Baksh Textile

Suleman Fabrics Ltd, Textile (Spinning)

During year 2012 to 2014 the annual production capacity of

Year ended 30th September

No. of spindles installed

Average no. of spindles worked

Suleman Spinning Mills Ltd.

Actual production converted at

The company sales are comprised of local sales which is

Suleman Spinning Mills Ltd.

Introduction to Suleman Spinning Mills

Crosrol MK-4, FA-224

Toyoda FL-16, TJFA-458A

Toyoda RY-4 &,RY-5,RX-100, FA1520

Murata Mach Coner

SULEMAN SPINNING MILLS LTD.

Suleman Spinning Mills Ltd.

Suleman Spinning Mills Ltd.

Suleman Spinning Mills Ltd.

The group has been managed by professionally qualifi ed staf

LEGAL FORMATION & STRUCTURE

Suleman Spinning Mills Ltd.

Suleman Spinning Mills Ltd.

To satisfy its employees through good management.

The product should meet the customer expectations.

The basic concern is to satisfy customers.

To provide good job opportunities and satisfactions to

To respect our competitors.

The employees are as important as external customers.

Teamwork and cooperation are more important than

Never be satisfi ed with the level of quality always strive

Suleman Spinning Mills Ltd.

Various Departments of Organization

Administration & Human Resources Department

Import & Export Department

Finance & Accounts Department

Quality Control Department

Suleman Spinning Mills Ltd.

Administration & Human Resources

As required by the Labor Department of the Government of

SECURITY GUARD OFFICE:

The main objective of the Security Offi ce is to safe handling

Suleman Spinning Mills Ltd.

Outward Going Pass (Register)

Suleman Spinning Mills Ltd.

ACCOUNT AND FINANACE

SENIOR MANAGER FINANCE

FUNCTIONS OF ACCOUNTING DEPARTMENT:

Suleman Spinning Mills Ltd.

PARTIALLY COMPUTERIZED ACCOUNTING

With the use of computer it is possible to make

Various reports are prepared and presented to top

Trial balance is prepared at the end of each month.

Bank reconciliation statement is also prepared at the

Stocktaking is done and production account is prepared

The cashier fi rst, makes forecasting and then draws

Suleman Spinning Mills Ltd.

VOUCHERS USED IN ACCOUNTING

Cash Payment voucher.

Other Documents used is

Preparation of Bank reconciliation statement.

Treatment of the banks debit and credit pieces of

Preparation of the duty, drawbacks statement and