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Klash ……………………………………………………………………………..1
Work in process in klash …………………..……………………………………..2
Manufacturing process……………..……………………………………………..3
Health Responsibility…………………………………………………………….20
Environment Responsibility………………..…………………………………….20
Financial analysis………………………………………………………………...24
Interloop………………………………………………….………………………25
Products of Interloop……………………………………………………………..25
Production process ……………………………………………………………....26
Process costing ………………….………………………………………….....…28
Financial analysis ………………………………………………………………..29
Recommendations………………………………………………………………..30
MANAGERIAL ACCOUNTING
History of Klash
Klash Clothing is a vertical manufacturer and was founded in 1990. Klash has
steadily grown over the years now owning vertically integrated divisions Klash
Clothing, Klash (PVT) Ltd, Klash Dyehouse and Klash Textile (PVT) Ltd, having
a vast knowledge and expertise in the design and manufacturing of high quality
value added garments. Under the umbrella of the Klash Group we have become
one of the largest garment manufacturers in the country. Our dual strategy of
exporting value added products made from local raw materials and manufacturing
for foreign brands means valuable foreign exchange earnings for the country.
quality product
Klash is committed to providing our customers with the highest quality products
and services. We are an ISO certified textile company and our commitment is
summarised in our Quality Policy below.
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"Klash will supply products that fully conform to our customers’ quality and
delivery requirements. We will continue to improve our products and services to
meet or exceed our customers’ expectations through constant evaluation and
improvement of the effectiveness of our quality management system.
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HRM
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PRODUCTION
The main role of our productions team to enhance productivity with operations
layouts, technical and professionally educated and skilled man power, latest
techniques and machinery to achieve the targets with quality.
QUALITY CONTROL
Klash Quality Department have the aim to provide better quality products to our
valued customers by meeting their requirement and exceeding their exceptions.
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COMPLIANCE
Manufacturing Process
YARN DYEING
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Klash have a yarn dyeing capacity of 4500 kgs per day. Our yarn dyeing facility is
state of the art – THEIS yarn dyeing system, with its central control system –
Orgatex, radio frequency dryers and the worlds’ best SSM winding systems to
provide high quality yarn dyeing for our striped fabrics.
KNITTING
Klash has the latest state of the art Knitting facility (circular and flat knitting) to
accommodate our production requirements which run around the clock, 24 hours a
day in 3 shifts. With the help of the latest technology and experience we have
machine capacity from 7 to 28 gauge producing single and double knit fabrics. We
also have a range of knitting machines which enable us to produce all types of
fabrics including – Jersey, Piquet, Stripers, Waffles, Terry, Interlock, Jacquard as
well as Ribs including French Rib in cotton, Cotton Blends and synthetic.
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DYEING
DYEING
Our in house and very well equipped dyeing department with a production capacity
of 25000 kgs per day allows us to fully meet our dyeing requirement. We have
machines for dyeing cotton fabrics and fully computerised high temperature jet-
dyeing machines to dye all kinds of synthetic fabrics including polyester. A well-
equipped processing laboratory ensures all are dyed as required and to be sure to
get RFT results and an ultra-low liquor ratio for energy and environment
conservation. A full range of washes and finishes are catered for within the Dye
House.
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FINISHING
FINISHING
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ING
WASHING
industry have the largest garment processing (Washing / Pigment dyeing) section
in the region equipped with Drum dyeing machines from PRC, our highly skilled
personal have great expertise in piece dyeing / garment dyeing with Pigment
colours and different types of washes related to the latest fashions.
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MANAGERIAL ACCOUNTING
CUTTING
CUTTING
The Cutting department is equipped with the latest CAD / CAM system for pattern
designing and grading. Its auto lay marking and plotting is state of the art
technology which helps us to reduce fabric wastages and enhance the fabric
usability. In order to ensure the constant supply of cut panels, our manual laying
and cutting production runs parallel to ensure the needs of the stitching sections are
met.
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MANAGERIAL ACCOUNTING
PRINTING
PRINTING
In the Printing department we are capable of producing some amazing designs on
many different kinds of fabric and have an extensive Screen Printing, flocking and
heat transferring facility. A well-equipped design studio assists in the production of
up to 26,000 garments per day. Our state of the art automatic printing machines are
capable of printing many different colours within the same design to ensure the
desired look and quality.
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MANAGERIAL ACCOUNTING
SEWING THREAD
SEWING THREAD
Klash have established a Unit producing Sewing Thread to an International
Standard having a team with expertise gained over two decades in this field. Klash
has ISO, OKEO TEX 100, AZO free, Wrap and other certifications and is the only
thread manufacturer who has an ETP and also a State of the art lab with auto
colour to produce superior quality yarn i.e. TFO auto cone and auto spliced. Klash
supplies spun polyester, cotton, core-spun, poly, and poly cotton as well as many
other qualities. We have THIES yarn dying and RF dryer, SSM cone winders
which use German lubricant.
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MANAGERIAL ACCOUNTING
STITCHING
STITCHING
In Klash factories have a large range of stitching units fully equipped with state of
the art machines, automatic, semi-automatic, and manual. This gives us the
flexibility and speed to produce many types of garments simultaneously. In both
the production and quality we have the experienced and technical team which
ensures the tailoring art of stitching. That is an important factor in our growth and
customer satisfaction. We have unique quality control and quality assurance
systems, which ensures the quality and customer's standards at the start of the
production, in the sewing lines and at the finishing. The garment is finally checked
after finishing before packing.
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EMBROIDERY
EMBROIDERY
Klash have an extensive range of Embroidery Machines giving us the capability to
produce many designs from simple to the complex and enable us to cope with a
quick turnaround on both small and large volumes.
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QC LAB.
QUALITY FACTOR:
Klash has a documented Quality Manual that states the quality management
system, for each customer. Management establishes a documented quality plan
setting out the specific quality practices, resources required and sequence of
activities which are relevant to each particular product.
QUALITY CONTROL:
There are quality checks at every stage of manufacturing starting from Yarn,
Fabric, Processing, Cutting Stitching and Packing. Before it is cut, it is checked to
ensure it conforms to the customer's standard of shrinkage.
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LABORATORY:
The in-house lab is fully equipped from Lab Dipping with a spectral data facility,
Wash Testing, Colour fastness, Dimensional Stability, Spirality, Fabric Weight, pH
value, Bursting Strength, Garment Durability, Crocking, Bleeding and many other
tests which are standard for fabric.
PROCESSING LAB
PROCESSING LAB
Klash’s Processing Lab is equipped with the worlds latest Automated Lab
Dispenser "Robolab" with an error margin of 0.0001%, Our lab has the Latest
Datacolor water and Air cooled IR Lab Dyeing machines and for colour matching
we have Spectrophotometer by Data colour and assisting software linked with
production "SDM" by Sclavos.
Social Responsibility
Social responsibility is "an organization's obligation to maximize its positive
impact and minimize its negative impact on the society". Klash knows its social
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MANAGERIAL ACCOUNTING
Health Responsibilities
Health is key for all types of success in life. A healthy nation can play a healthy
role in the progress of a business. Klash has developed a social security hospital in
Faisalabad (Punjab, Pakistan) and a dispensary in Sahiwal (Punjab, Pakistan). In
addition, we also co-operate with other trust hospitals working for health
development.
Environmental Responsibilities
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Educational Responsibilities
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Financial Analysis
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INTERLOOP TEXTILE
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retail venture of Interloop Textile Mills. Considering the growing trend towards the
retail industry in Pakistan, as well as the increase in cotton prices and the need to
focus more on value-added products, the company decided to diversify into the
country's retail sector in 2003.Ideas offers a range of home textiles and furnishings
for the bedroom, kitchen and bathroom, as well as men's and women's apparel
VISION OF THE COMPANY
Setting trends globally in the textile industry. Delivering the best products and
services to our customers.
MISSION OF THE COMPANY
“To deliver value to our stakeholders through innovative technology, teamwork
and by fulfilling our social and environmental responsibilities.”
PRODUCT VARIETY
The ability to purchase other products from a retail store may enhance the sales
and/or margins of all products offered by attracting customers who appreciate the
variety of products. And this is what IDEAS is doing. They are hedging upon an
exclusive market segment in Pakistan that is more brands conscious and is willing
to pay more for better quality, exclusive designs and product range. The company
distinctively identifies its product line into various categories. These are as
follows; • For home
• Gift ideas
• Personal wear
Spinning:
Spinning Division of Interloop Textiles is capable of producing 60,000 lbs. of
Ring spun yarn every day (based on 20/s count). The division, equipped with most
modern machinery from Japan, England and Switzerland, produces a vast range of
yarn counts from 10/s to 40/s. To ensure consistent quality, spinning laboratory has
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been equipped with latest and most modern testing equipment. 50% of yarn
production is exported to Hong Kong, Japan, Korea, Malaysia and Thailand. The
rest of capacity is used for in-house production of fabric, converted subsequently
into apparel.
Knitting:
Knitting Department machines capable of making Jersey, Pique, Fleece, Interlock
and Rib in addition to the mini jacquard designs of single knit jersey. The gauge
ranges from 9 to 28 for single knit, 18 to 24 for Interlock and 15 for Rib machines.
Most of the machines are equipped with Lycra attachment.
Dyeing, Processing & Laundry:
The Processing Department has an installed capacity of dyeing 120 Tons per day.
Equipped with These dyeing machines from Germany, it is capable of dyeing both
100 % cotton and Poly-cotton blended fabrics. The machine size selection provides
flexibility in dye lot size ranging from 200 Kg to 2,200 Kg. The department has
Santex finishing lines from Switzerland including hydro extractors, dryers and
compactors for tubular as well as open width fabrics. Moreover state of the art
Lamperti sueding equipment with Nylon Brushing Technology makes Interloop
capable of producing immaculate and delicate knit fabrics. German Technology
Munfort Stanter and Corino slitting machines are the latest additions to processing
department.
A separate testing Laboratory with latest equipment is in place to ensure that the
processed fabric quality is maintained to meet the required parameters of our
buyers. Laundry division is capable of doing garment dyeing and garment washing
including pigment dyeing, tie & dye ,soda wash, enzyme wash, stone wash etc.
contributing a good part towards value chain.
Stitching:
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With over 5,600 stitching machines, manned with the most skilled and expert
operators, Interloop is capable of producing about 7.5 million pieces per month
versatile garments ranging from basic to high fashion, men’s, women’s and kids
with maximum flexibility in size and color assortments. The Quality control and
Quality Assurance departments are in place to make sure the company’s objective
of zero defects. Computerized Bar coding and Back Track systems provide
Interloop 100% predictability and tracking performance.
PROCESS COSTING
Process costing is a term used in cost accounting to describe one method for
collecting and assigning manufacturing costs to the units produced.
Processing cost is used when nearly identical units are mass produced.
we examined the following questions regarding the costing system in the textile
sector:
(i) What is meant by cost model?
(ii) What is the significance of this model for the pharmaceutical sector? The
provision of feedback to the manager about the efficiency of the process.
Hatzis et al. (2011) is of the view that the other purpose of the cost model is
to provide useful information for decision making, after getting and
analysing of the data. The effectiveness of data is depending on the right
information for making the right decision. The main costing systems can be
categorized based on the product process and the production processes as
follows (Kaplan, 1984; Cooper and Kaplan, 1988). The costing methods
concerned with Full/absorption costing.
Production process cost. The costing methods concerned with the
production process cost are:
• Process costing
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MANAGERIAL ACCOUNTING
References
https://www.google.com.pk/search?ei=TbBDW_-
NE4XVkwX1uZcI&q=balance+sheet+of+textile+industry+pakistan
https://www.google.com.pk/search?
ei=0bRDW9fgOY6UmwXZ966QDQ&q=interloop+textile+mills+ltd+annual+
report&oq=interloop+textile+mill
https://www.google.com.pk/search?
q=process+costing&oq=PRCESS+COSTING&aqs=chrome.1.69i57j0l5.8388j1
j1&sourceid=chrome&ie=UTF-
https://www.google.com.pk/search?ei=Bq9DW9y-
F4K5swHVgbD4AQ&q=klash+textile+private+limitedannual+report+2017&
oq=klash+textile+private+lim
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