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Chapter One 1 Introduction 1. 1Origin of the Report: Theoretical knowledge doesn’t highlight the reality as clearly as practical knowledge. Theoretical knowledge is a guideline, but practical knowledge is experience oriented. Practical knowledge is must for the completeness of theoretical knowledge. So both are necessary. As a BBA student we have gathered enough theoretical knowledge and techniques. Now it is needed to compliance with this knowledge with in practical orientation.

I was assigned for doing my internship in Panna Battery Limited for the period of 3 months starting from 1st July 2012as an intern by the Internship & Placement, Business Administration and Management Major in Finance & Banking, Patuakhali Science and Technology University.

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This report entitled “Performance Analysis of Panna Battery Ltd.

” originated from the partial fulfillment of completion. It has given me a chance to directly works with this organization and also visit and works with factory workers.

My report will focus on the evaluation of financial statement, the different aspects of customer service provided by the Panna Battery Ltd as well as the overall performance of the Panna Battery Ltd. This report has been prepared under the supervision of MD. Maqbul Hossain, Chairmen,Department of Agricultural economics Rural Sociolog,Faculty of Business Adminstration& Management, Patuakhli Science & Technology University. 1. 2. Objectives: 1. 2. 1. Primary Objective: Primary objective of the report is fulfilling the course requirement for Completion of BBA from Patuakhli Science & Technology University . 2. 1. Secondary Objective: Beside the primary objective there are some other objectives, which are equally important: The prime objective of the study is to the overall performance analysis of the Panna Battery Limited. These are follows: To get real life experience from this Organization, this will help in the future job field. To get an overall idea about the activities of Panna Battery Limited.

To review the consumer services and operating system of Panna Battery Limited. To measure the performance of Panna Battery Limited. To suggest the better ways of enhancing the performance of this organization. To suggest suitable measures to remove the existing problems and improvement of customer services of Panna Battery Limited. * To have an overall idea as the energy and power production Organization and to have an idea about the customer & dealer service in this Organization. . 1. 3. Methodology: The study is based on financial and non-financial data and opinions of concerned working corporate office of Panna Battery Limited. There are various methods of conducting such studies. These are library method, interview method, observation method etc. Two approaches have been mainly used in this report. . 3. 1. Conceptual Approach: A theoretical section is given in this report (i. e. the organization part) to give an insight to the various information concerning the operational function. It is given in relevance with the organization in context i. e. Panna Battery Limited. A background of Panna Battery Limited is given to facilitate the understanding of this report. Every single portion is discussed in order to understand the empirical section. 1. 3. 2 Empirical Approach: This refers to the information that has been directly collected and interpreted from the survey on Panna Battery Limited.

The report is prepared by interviewing the officials of Panna Battery Limited. The reports of Panna Battery Limited and documents are also been studied to do the report. 1. 4Source of Information: The information about the provided services was collected from the officers related with customer service department. Sources of Data: 1. 4. 1. Primary Source of Data Collection are: 1 Face to face interview with the officers. 1 Face to face interview with the dealer to get idea about service level of Panna Battery Limited. 2 Exposure on different desk of the company; 3 File study. 1. 4. 2.

Secondary Source of Data Collections are: 1 Official records of the clients. 1 Annual report of Panna Battery Limited. 2 Websites of Panna Group. 3 Relevant books, Newspaper, Journals etc. 1. 5 Limitations: Despite all out co-ordination from the officials, researcher faced some limitation. The notable some of these areas under: Learning all the functions of a company within just 90 days was really tough. Another limitation of this report is Company’s policy of not disclosing some data and information for obvious reason, which could be very much useful. In case of performance analysis secondary data are used.

Only three years accounting data are considered for financial analysis. This study completely depended on official records and annual reports. To prepare an analytical report need financial assistance. The financial assistance provided by the department is insufficient. This is researcher’s first experience on job, so there may arise some faults though I have tried my level best. Chapter Two 2 General information About Battery 2. 1. Battery: In electricity, a battery is a device consisting of one or more electrochemical cells that convert stored chemical energy into electrical energy.

Since the invention of the first battery in 1800 by Alessandr Volta and especially since the technically improved Daniel cell in 1836, batteries have become a common power source for many household and industrial applications. According to a 2005 estimate, the worldwide battery industry generates US$48 billion in sales each year, with 6% annual growth. There are two types of batteries: primary batteries (disposable batteries), which are designed to be used once and discarded, and secondary batteries (rechargeable batteries), which are designed to be recharged and used multiple times.

Batteries come in many sizes, from miniature cells used to power hearing aids and wristwatches to battery banks the size of rooms that provide standby power for telephone exchanges and computer datacenters 2. 2History of Battery: Alessandro Volta, Italian physicist, known for his pioneering work in electricity. Volta was born in Italy and educated in the public schools there. By 1800 he had developed the so-called voltaic pile, a forerunner of the electric battery, which produced a steady stream of electricity. In recognition of his work in the field of electricity, the electrical unit nown as the volt was named in his honor. Invention:| electric battery in 1800| Inventor:| Count Alessandro Giuseppe Antonio Anastasio Volta| | | Criteria:| First to invent. | | Birth:| February 18, 1745. in Como, Lombardy, Italy| | Death:| March 5, 1827. in Como, Lombardy, Italy| | Nationality:| Italian| | Chapter Three 3 Overview of panna group 3. 1Panna group: Panna Group is one of the country’s leading electronic technology based enterprise having operations of Battery Manufacturing, Solar Technologies, IPS, Jute Processing, Plastic Container Manufacturing, Property Development, De-Mineralized Water Plant.

Mr. Lokman has established “Panna Rural Development Foundation (PRDF)” for discharging the corporate social responsibility thorough helping the people of remote areas by installing Solar Systems. Panna Group ( PG) has sailed on his journey in the year of 1980. Innovating has always been very important to it since it has operating in an environment that constantly evolves and changes. Hence Panna Group adopted the strategy of developing a major Bangladesh based manufacturing business through acquisitions and other means from a raw material trader.

Forward looking Panna Group is increasingly adopting management system to meet their parties’ needs and expectations. Management system is also being introduced as a means to improve the group’s Performance and reduce risk to maximize the client’s satisfaction. Panna Group, one of the leading industrial concern for all types and sizes of battery manufacturing and marketing organization in Bangladesh. Panna Group has committed to provide quality products to its customers as per international standard and best suited to local environment at affordable price.

The motto of the group that focuses the product quality, distribution, branding, customer care and servicing etc etc. Panna Group is a nationwide company drives enormous values in national business, about 3000 people are working in over 64 districts and adapt them to local needs and maintaining very strong competition with same type of industries i. e. Rahimafrooz, Navana, Rangs Power, Hamko, Voltex etc. etc. e 3. 1. 1. Mission: Panna Group is committed to provide quality products to its customers as per international standard and best suited to local environment at affordable price. . 1. 2. Vision: * To make concentrated efforts for improvement in productivity and elimination of wastages by Total Quality Control. * To exercise maximum care to manufacture quality product by employing a team of highly skilled technicians and professional managers. * To redress customers complaints promptly. * To develop new market locally and abroad for optimum utilization of production capacity. * To utilize optimum resources through good corporate governance for better servicing. * The interests of all stakeholders. 3. 1. 3. Company objective: To continue to provide the very best of what the consumers wants. * To identifying the consumer’s needs. * To expand distribution network to make the product available at customers doorsteps * To continue the quality standard 3. 2. Panna group at a glance: * Panna Battery Limited (PBL) * Panna Plastic Limited(PPL) * Panna Distribution Ltd(PDL). * ALTU KHAN JUTE MILLS LIMITED(AKJML) * Panna Powertech Ltd(PPL) * Panna-Harvest Water Limited(PHWPL) * Panna Rural Development Foundation (PRDF) | | | | | | | | | 3. 3. Organogram of company:

Note: All departments of organization maintain this hierarchy Fig: Departments of panna group 3. 4. Corporate Social Responsibilities: Panna’s aspiration is to be the most admired and trusted organization, by excelling in everything it does, following ethical business practices, and adding value to its stakeholders. The Group wants to achieve all of these while being firmly committed to social responsibilities. PannaGroup, with a proud history of more than 32 years, strongly believes in the principle of contributing back to the community where it operates.

Pannastrives to add value to the society, its economy, and environment through intelligent efforts and focused initiatives. Panna’s CSR vision reads, ” Passionate and driven to make a difference among the Community and Environment. ” Much of the Panna’s CSR efforts are carried out through its social development initiative Panna Rural Development Foundation (PRDF) Currently, Panna Group is contributing in the following areas: ·    Education ·    Poverty Alleviation ·    Environment ·    Transport Apart from this, the Group has always supported many noble initiatives undertaken by various other individuals and organizations.

Panna group has a pioneer role in supporting people distressed by natural calamities and donations to helpless people on health and education ground– all are examples of the socially responsive manner of our business. 3. 5. PBL (Panna Battery Ltd. ): Panna Battery Ltd. a well-established organization and is recognized by Govt. of Bangladesh as a manufacturing and export outfit since 1978. Its quality products are well established and popular in more than 17 countries of the world covering Asia, Africa, Latin America, Middle East, North America and Europe..

It is leading manufacturer and exporter of Batteries and have successfully established market presence . PBL is specialized in manufacturing complete range of Automotive Batteries, Inverter Tubular Batteries, Solar Tubular Batteries & Electric Vehicle Batteries. It is using latest technology at its manufacturing units. Its product range includes all type of batteries such as: 1. Lead Acid Batteries 2. Automotive Dry Charged Batteries ( JIS & DIN Standard) 3. Inverter/IPS/UPS Tubular Batteries 4. Solar Tubular Batteries 5. Electric Vehicle Tubular Batteries It’s new project lunching very soon 1. M. F. SMF Automotive Batteries 2. M. F. / SMF Motor Cycle Batteries 3. 2 Volt series 200 AH to 3000AH It exports all types of battery plates according to customer desire in very attractive price with excellent quality. It is largest automatic plate manufacturer in Bangladesh having fully modernized machineries. Special features: Panna Group very much aware of Environmental Issues. From the very beginning of our Battery Production have the “Air Treatment Plant (ATP)” and “Effluent Treatment Plant (ETP)” which are the best means of prevention of air and water pollution for keeping the environment clean, safe and secured. 3. 6. Product:

Type of product| Image of battery| Battery Type according to volt| Battery used| NS Series| | * NS-40 * NS-40-Z * N-50-ZL * NS-70 * NS-60 * NS-60-L * NS-60-S| | Green Power Series| | * N-50Z * N-200 * N-50-ZL * N-100 * N-70 * N-70-Z * N-120| | Ips Series| | * IPS-100 * IPS-130 * IPS-165 * IPS-200| | EV Series| | * EV-50 * EV-120 * EV-150| | NX Series| | NX-120NX-120-7NX-120-7L| | Motorcycle series| | | | PBC Series| | * PBC-15 * PBC17 * PBC21 * PBC-25 * PBC-27 * PBC-29| | Solar Series| | * SOLAR30 * SOLAR60 * SOLAR80 * SOLAR100 * SOLAR130| | * * 3. 7.

Raw material of battery: * Scrap Battery * Sally * Gad * Chemical * Connector * Grid * Raw lead * Black dross * Yellow dross * Recycling * Slag * Pure lead imported * Closing stick EV * Manual cutting * Calcium lead * Antimony * Plastic * Rang * Calcium * Grafait Power 3. 8Production Process of Battery Details of Production Process of Battery (1) Rotary unit Input| Output| Sully| Raw lead| Scrap battery| | Coal| Silage (By Product-Reprocess for raw lead )| Iron dust| | Soda Ash light| | Basa slag/kita/slag| | Yellow dross/Black dross| | Gad| | Chemical| | Table: 1 (2) Lead unit Input| Output| Raw lead+sulphite+Tin| Pure lead |

Raw lead+Arsenic+silinium+antomony| Antimonial Lead (2. 50, 2. 75,3. 50)| Connector| Yellow dross (By Product)| Sulpher| Black dross (By Product)| Sodium Nitrate| | Caustic soda| | White metal| | Table: 2 (3) Oxide unit Input| Output| Pure lead| Grey Oxide| | Red oxide/Red Lead| | Lethurs| Table: 3 (4) Grid casting unit Input| Output| Antimonial Lead (2. 50, 2. 75,3. 50)| Greed (NS1. 5+, NS1. 2-)| Cork powder| Small parts(NS50/40 inter L/R, IPS L Post)| CMC| | TSP| | Table: 4 5) Pesting unit Input| Output| Greed| Pasted plate (NS1. 5+, NS1. 2-)| Grey oxide| | Sulphuric Acid, Stearic acid, | | Fiber flock, DM Water, H.

Expander| | Table: 5 6) Formation unit Input| Output| Pasted Plate| Charged plate/formatted plate| Lead vat| | SLS powder| | Sulfuric acid, DM water| | Table: 6 7) Dry unit Input| Output| Charged plate/formatted plate| Dried plate| Positive oven| | Negative oven| | Table: 7 8) Assembly section Input| Output| Dried plate| Finished Battery| Separator| | Container| | Heat Ceiling| | Foiling| | Carton+Gurantee card| | Table: 8 3. 9. RODUCTION TOUR: Automatic oxide manufacturing plant manufactures oxide from virgin lead & maintains high precision quality| Automatic grid casting machine with highcapacity. |

Expandable Grid Machine| Oxide Filling Section charging system ensure that plates are fully formed & ensure battery discharge capacity| Plate Parting Machine With High Capacity| Automatic Curing Chamber With High Capacity| 3. 10. Current market Situation: Currently in Bangladesh, the national economy and marketplace are undergoing rapid changes and transformation. A large number of reasons could be attributed to these changes; one of the reasons in these changes in the Bangladesh’s Market situation is Globalization, and the subsequent and resulting explosive growth of global trade and the international competition.

The other reason for these changes in the Bangladesh’s Market situation is the technological change. This is an important factor because the technological competitiveness is making, not only the Bangladesh’smarket, but also the global marketplace competitive. In the Bangladesh’s Marketing situation, the market success goes to those companies that are best matched to the current environmental imperatives. Those companies that can deliver what the people want and can delight the Bangladesh’s customers are the market leaders. Today the companies are operating in such a marketplace where survival of the fittest is the law.

In order to win, the companies are coming out with various new and evolving strategies because the Bangladesh’s market is also changing very fast. It is to capture the Bangladesh’s market, that the domestics companies and the Multi-National Companies are using all of their Resources Current market competitive situation: Name| Position| Lucas| 35%| Hamko| 21%| Volvo| 16%| Rimso| 10%| Navana| 6%| Rangs| 3%| Apollo| 2%| Others| 7%| Table: 9 FIG: 1 3. 11. Distribution Strategies In generally there are different types of marketing distribution system.

Consumers are able to buy the products from different market place. All these distribution strategies are consists of producer, wholesaler, retailer, and finally to the consumer. There are mainly four types of marketing distribution channel: This company uses the conventional marketing channel to distribute their product. They distribute their product by the specified distributor (PDL). Panna distribution ltd. (PDL) supply the product to the wholesaler and also to the retailer and the consumer collect the product from the retailers. There are three types of distribution strategies: . Selective distribution 2. Intensive distribution 3. Exclusive distribution They choose the intensive distribution for their product. They supply their product all over the country on the basis of their product demand so that the consumer can get the product easily. Final consumer Retailers Authorized dealer PDL PBL FIG: Distribution channel Dealer Point Map all over Bangladesh: Country Market construction: Trade Market Construction 3. 12. Promotional activity: Company performs different type of promotional activity . some of them are given below: 1.

Electronic bill board all over Bangladesh. 2. Road show. 3. Bill boards at prime locations. 4. Branding of service centers. 5. Periodical newspaper advertisement. 6. Bi-monthly corporate night. 7. Delar conference by monthly. 3. 13. COMPLIANCE 3. 13. 1. Internal Compliance Team: Panna Battery Ltd (PBL) has its own dedicated Internal Compliance team having a Compliance Manager who is under the direct supervision of Managing Director. All the Compliance Officers are well educated in Local labor Law Company law, as well as Environmental Law. They are also trained in Wages nd Benefit policy, Health & Safety policy. The compliance officers conduct daily routine check of the factory and report to the Chairman through the Compliance Manager. Compliance Manager is involved in Conducting Training Programs for workers on Compliance Issues. 3. 13. 2. Recruitment Policy: PBL has a written Recruitment Policy. All Recruits are above 18 years of age. It has a strong Recruitment committee, where the Chairman directly takes part to recruit the workers and staffs considering the age first then experiences and skills. 3. 13. 3. Record Policy:

PBL maintain personal file for all workers and staffs with their full Bio-data and necessary particulars. The factory always arranges Attendance Card, makes record of Working Hour, Salary Statement, Leave Record, Disciplinary Action, etc. 3. 13. 4. Code of Conduct: PBL has its own written Code of Conduct where it’s present and past position in the policies of Non-discrimination, Gender equality, Security and other related policies are explained in details. 3. 13. 5. Health & Hygiene: The Factory is clean well with sufficient light, natural flow of air.

All floors are well ventilated and well furnished with sufficient hygienic toilets. Toilets are cleaned and well maintained with detergent liquid toilet cleaner and flashing with sufficient quantity of tap water. Workers are provided with safe drinking water. 3. 13. 6. Factory Environment: The Factory has installed with full range of firefighting equipment. Aisles are properly marked and are kept clear at all time to easily move. Fire drills are conducted every month. PBL has its own trained designated Firefighting team, First aid, and rescue team who can be easily distinguished by their uniform.

Beside this 40% of work forces are trained on how to operate fire extinguishers. 3. 13. 7. Wages and Benefits: Workers are provided with wages as per the legal minimum wage. Wages and overtime charges are disbursed within the 1st of each month. 3. 13. 8. Other Facilities Provided: PBL has Healthy and Excellent working atmosphere, Maternity Leave Benefits, Two festival Bonus, Yearly increment of Monthly Salary, Attendance Bonus, Free in-house medical treatment and medicines, All kinds of logistics and financial supports to employees in accordance with the recommendations by the Social Welfare Committee. . 13. 9. Personal Protective Equipment: PBL provides Personal Protective equipment, (PPE) such as Metallic Hand gloves, Masks, Spectacles for relevant machine operators of all factories at free of cost. 3. 13. 10. Grievance Issues: In order to maintain a sound working environment as well as employ management relationship, the factory has a multiple communication media VIZ workers forum, welfare officer’s forum and Suggestion Box to ease the communication system amongst the staff of both management and workers. 3. 14. Rewards: Panna Battery Ltd. as achieved various certificates from different national as well as International certification organizations regarding * Quality Management System ISO 9001:2008 * Environmental Management System ISO 14001:2004 from AJA, UK and BSTI (Accredited by NORSK). In respect of Occupational Health and Safety Panna Group fully prepared to achieve another certificate of * OHSAS 18001:2007 within January, 2011. * Panna Battery Limited is the member of “Battery Council International’’ of USA The group has bagged several awards including * National Export Award * Engineering Export Award 3. 15. SWOT ANALYSIS:

SWOT Analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. 1. Strength: * One of the leading organization in our country * Customer loyalty * Best Quality product. * Skilled management system, * Proper accounting system. * `Foresighted marketing department. * Demand in market * Distribution channel 2. Weakness: * Research & development Resource constraint * Lack of Proper Knowledge * Lack of Promotional activity. * Lack of technology used. 3. Opportunities: * A developing market * Diversification * Increasing demand 4. Threats: * Strong competitor * Economic instability * Price wars with competitors * High taxation rate * Unfavorable government rules and regulations * Upcoming competitors * Political unrest | | | | | | | | Chapter Four 4 Analysis & Discussion 4. 1. Total Asset: Year| 2012| 2011| 2010| Amount| 2,719,196,259| 1,091,294,694| 604,210,655| Table:10 Fig: 2 4. 2. Total Liabilities: Year| 2012| 2011| 2010|

Amount| 2,719,196,258| 1,091,294,694| 604,210,655| Table:11 Fig: 3 4. 3. Ratio Analysis: The financial statement of a firm can be used to evaluate the financial performance of the company. Financial ratios are most extensively used for the purpose. Ratio analysis helps an investor to determine the strengths and weakness of a company. It also helps investor to assess whether the financial performance and financial strength are improving or deteriorating. Ratios can be used for comparative analysis either with other firms in the industry through a cross sectional analysis or with the past data through a time series analysis.

Different ratios measure different aspects of a company’s performance or health. From them some are the followings: 4. 3. 1. Liquidity Ratio: These measure the company’s ability to fulfill its short-term obligations and reflect its short-term financial strength or liquidity. The commonly used liquidity ratios are: a) Current Ratio= b) Quick Ratio/ Acid test Ratio = However, both these ratios are to be used together to analyze the liquidity of a company. Liquidity Ratios| Year| Average| Industry Average(Electrical equipment)| | 2012| 2011| 2010| | | Current Ratio(times)| 2. 15290856| 1. 33641593| 2. 721996783| 2. 169516| 1. 3| Quick Ratio/Acid test Ratio(Times)| 1. 85| 0. 83| 1. 07| 1. 256667| 0. 9| Table:12 Interpretation: a) Current Ratio: A higher current ratio would enable a company to meet its short-term obligations even if the value of current assets declines. Companies average current ratio is 2. 17 is above the average of industry 1. 3. so its liquidity position is strong FIG: 4 b) Quick Ratio/ Acid test Ratio: The quick ratio represents the ratio between quick assets and current liabilities. It is a more rigorous measure of liquidity. Companies average quick ratio is 1. 6 and the industry Average is . 9. so companies’ ability to pay short term obligation is very good.

FIG: 5 4. 3. 2. Asset Management Ratio: Assets management ratios measures how effectively the firm is managing assets. a) Inventory Turnover Ratio = costofGoodssoldInventory b) Total Asset Turnover Ratio = SalesTotalAsset Asset Management Ratio:| Year| | | | 2012| 2011| 2010| Average| Industry Average(Electrical equipment)| Inventory Turnover Ratio(times)| 9. 29| 4| 4. 000496025| 5. 763499| 6| Total Asset Turnover Ratio(times)| 1. 17603536| 0. 61| 0. 66| 0. 815345| . 6| Table: 13 Interpretation: ) Inventory Turnover Ratio: The industry average of inventory turnover ratio is 6 & the company average is 5. 76 which is close to the industry average. This ratio suggests that the company holding of inventory is satisfactory. But it needs to improve more to reach the benchmark position. FIG: 6 b) Total Asset Turnover Ratio: This company’s asset turnover ratio is somewhat higher than the industry average indicating that company is generating a sufficient volume of business given its investment in total asset. In this sector company is operating efficiently. FIG: 7 4. 3. 3. Leverage Ratio:

These ratios are also known as capital structure ratios. They measure the company’s ability to meet its long-term debt obligations. They throw light on the long-term solvency of a company. The commonly used leverage ratios are the followings: This ratio indicates the relative contribution of owners and creditors in financing the assets of the company. These ratios reflect the safety margin available to the long-term creditors. Debt ratio =? 100 Leverage Ratios| Years| Average| Industry Average(Electrical equipment)| | 2012| 2011| 2010| | | Debt to assets ratio (%)| 53. 35898258| 98. 7387937| 98. 40939316| 83. 34742| 38. 9| Table: 14 Interpretation: Company’s debt ratio is 83. 34742 % which means that its creditors have supplied huge loan to the company. The average industry ratio is 38. 9%. company might find it difficult to borrow additional funds without first raising more equity. FIG: 8 4. 3. 4. Profitability Ratio: The profitability of a company can be measured by the profitability ratios. These ratios are calculated by relating the profits either to interest income, or to investment or to the equity shares. Thus, we have to discuss the profitability ratios: ) Net Profit ratio = ? 100 b) Return on Total Asset=NetIncomeTotalassset? 100 Profitability Ratios| Years| Average| Industry Average(Electrical equipment)| | 2011| 2010| 2009| | | Net Profit Ratio (%)| 5. 797253| 2. 298725| 2. 051821| 3. 3826| 5. 6| Return on Total Asset (%)| 6. 82 | 1. 41| 1. 36 | 3. 196667| 5. 3| Table: 15 Interpretation: Net Profit Ratio: Company’s net profit margin is lower than the industry average of 5. 6%indicating that its sales might be too low or its cost might be too high or Both. so Company might keep eye on this sector. FIG: 9

Return on Total Asset: Companies return is 3. 196667% well below the 5. 3% average for the Electrical equipment industry . This low return results from the company’s higher than average use of debt FIG: 10 Chapter Five 5 Work Experience 5. 1Work Experience: I have started my internship on 1stjuly 2012in Panna group head office. My supervisor was Shekhar Kumar Halder,ACA (General Manager, Group Accounts) After that I was introduced to all the executives and officers of the office. During the orientation session, I found that the environment in the office was quite affable.

For the first few hours I was sitting unoccupied and wondering in which department I will be placed. After that I was placed in the intrernal audit department On the first day I was overviewed about company by a officer. After that On daily basis I have to cheek Bill, vouchers, daily cash sheet etc. I also helped them by working as a helping hand in different work. At the end of the month I have also visited the factory with the internal auditor for auditing the factory accounts ,raw materials & finished goods My task was to give entry of the * daily cash sheet * purchase packing materials & chemical sell battery to PDL * Store requisition * Production activity report (oxide unit) * Production activity repot (Assembly) in the tally software under accounts section I have also worked in the PDL. In this section I performed the following work: * Daily cash sheet * Bank reconciliation * Dilar visit * Cash transaction * Replace battery 5. 2Tally software outlook: Chapter Six 6 Findings, Recommendation & conclusion 6. 1. Findings: * High performance battery manufacturer * ATP and ETP provide the support to protect the environment * International standard brand like VOLVO & Panna Pleasant Working Environment * Modern Data base * Efficient Delivery system * Around thousand employees with technology marketing and management expertise to provide effective and efficient service to clients

* Special active materials formulation and vacuums dry charge battery manufacturer and marketer in Bangladesh * Nationwide sales and distribution with after sales service support as per customer’ s needs and expectation * European standard technology base auto equipped manufacturing plant * Use tally &Oracol software to perform the daily work efficiently. 6. . Recommendation: Every business organization is looking for a vision that is profit. Without profit a company will not be able to run. Once upon a time it will be wordless & unsuccessful. The continuation of achieving the vision is a very important thing which is the central target and maintains and organizes the company’s whole staffs & officials. * Regular advertisement in the major daily Newspapers, Magazines &TV channel * Arrange more products for different level needs. * Regular evaluation of the employees. * Effective motivation policy for the employees. Extra/surprised reward for the dedicated and good working employees. * Arrange weekly/monthly meeting between Management & Employees. 6. 3. Conclusion Panna group is one of the Promising companies in Bangladesh. This company is now becoming one of the leading companies of Battery products. By Adding new products, maintaining the quality, applying modern machineries, improving worker’s skill, they are serving peoples in the whole country. People are being satisfied by consuming these products such as Battery item, Solar item, IPS item under Battery Industry. Panna Battery holds product concept as their marketing philosophy.

According to product concept, consumers will favor those who are always announcing that they will ensure better quality at a minimum and affordable price. So Panna Battery strongly focuses on the quality of their products. It is selling their goods to the consumers of both rural & urban areas. It is trying to keep their quality intact & satisfy the customers through various promotional efforts. It is also trying hard to gain the first position among the competitors. To perform these activities this company gives appointment to the highly qualified, efficient & experienced employees.

It is ready to face any challenge. So panna battery is trying to perform well like other companies in Bangladesh. Because of these reasons, people prefer these products very much. Referrance Books: * Besley Scott & Brigham F. Eugene ,Essential of Managerial finance. * Carter and M. R. Rodriguer, International Financial Management, Prentice Hall, * Khan M Y & Jain P K,Financial Management. Newspaper: 1. Financial Express: Annual Reports Brushier Internet Resources 1. www. Pannagroupbd. com Appendix: Financial Statement: Panna Battery Limited| | | | | | | | |

Profit and Loss Account| | for the year ended 30 June, 2012| | | | | | | 30 June 2012| %| | Particular| | Notes| | Taka | | | | | | | | | | | | | | | | A. | Sales| | 23| | 3,197,870,950 | | | Add: Other Income| | 24| | 10,416,233 | | B. | Total Revenue| | | | 3,208,287,183 | | | Less: Cost of Goods Soled| | 25| | 2,504,676,104 | 78. 07 | C. | Gross Profit| | | | 703,611,079 | 21. 93 | | | | | | | | | Less: Indirect Expenses| | | | | | | Administrative Expenses| | 27| | 99,464,281 | 3. 0 | | Financial Expenses | | 28| | 180,747,394 | 5. 63 | | Selling & Marketing Expenses| | 29| | 126,777,548 | 3. 95 | D. | Total Indirect Expenses| | | | 406,989,223 | | | | | | | | | E. | Operating Profit (C-D)| | | | 296,621,856 | 9. 25 | | Less Income Tax Expenses| | | | 111,233,196 | | | Net Profit /(Loss) for the year| | | | 185,388,660 | 5. 78 | | | | | | | | Panna Battery Limited| | | | | | | | | | Balance Sheet| | As at 30 June, 2012| | | | | | | | 30 June 2012| | Particular| | Notes| | Taka | | | | | | | | | | | Application of Funds:| | | | | | | | Fixed Assets| | Sch -A| | 791,516,976 | | | Total non-current assets| | | | 791,516,976 | | | | | | | | | | | Current Assets:| | | | | | | | Accounts Receivables| | 04| | 454,308,699 | | | |

Inter company receivables| | 05| | 49,607,097 | | | | Advances, deposits and prepayment| 06| | 213,426,972 | | | | Machinery & Materials in Transit | 07| | 5,297,810 | | | | AIT | | 08| | 22,541,490 | | | FDR| | 09| | 1,797,655 | | | | Investment in share in associate company | 10| | 906,302,323 | | | | Closing Stock| | 11| | 269,554,754 | | | | Cash and bank balance| | 12| | 4,842,482 | | | Total Current assets| | | | 1,927,679,282 | | | Total | | | | 2,719,196,259 | | | | | | | | | | | Sources of Funds:| | | | | | | | | | | | | | | Share Capital| | 13| | 1,000,000 | | | | Retained Earnings| | 14| | 1,267,260,800 | | | Total equity attributable to equity holders of the company| | 1,268,260,800 | | | | | | | | | | | Liabilities:| | | | | | | | | | | | | | | Non-Current Liabilities:| | | | | | | | Project Loan| | 15| | 418,390,757 | | | | Lease Finance | | 16| | 137,160,978 | | | Total non-current liabilities| | | | 555,551,735 | | | | | | | | | | | Current Liabilities:| | | | | | | Short term Loan| | 17| | 429,324,733 | | | | Accounts Payable| | 18| | 128,304,742 | | | | Provisions for Liabilities| | 19| | 161,948,576 | | | | AIT Deducted by PBL| | 20| | 791,459 | | | | Proviedent Fund| | 21| | 7,563,969 | | | | Director’s Loan| | 22| | 167,450,244 | | | Total current liabilities| | | | 895,383,723 | | | Total Liabilities| | | | 1,450,935,458 | | | Total | | | | 2,719,196,258 | | | | | | | | | |

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Interny Ship. (2016, Oct 02). Retrieved from https://graduateway.com/interny-ship/

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