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Industrial Report

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					                          ACKNOWLEDGEMENT


        I would like to express my sincere gratitude to the Internal Supervisor,

Ms.W.M.P.G.C Weerakoon, The Lecturer in Management Science at Uva Wellassa

University, for the invaluable guidance and better support given for the completion of

this project.


        I would like to thank my external supervisors Mr. Kandasamy Kumar, The

production Manager, Mrs. Honourine Mendis, The Human Resource Manager, and

Mr. Sujith Rudrigo, Accountant in Amazon Trading (PVT) Ltd for the invaluable

guidance and better support given when working in Amazon Trading (PVT) Ltd.


        In addition I would like to extend my heart full gratitude to Mr. Gamini

Jayaweera, Chaiman and Mr. Suranga Herath, General Manager of Amazon Trading

(PVT) Ltd for the efforts made to facilitate all the things to develop the skills and

knowledge in the training time period. Moreover I would like to offer my gratitude to

Mr. Sampath Amarasekara, Tea manager and Mr. Ruchaka Edirisinghe Finance

Manager at Amazon Trading (PVT) Ltd.


        Lastly, but not least, my sincere thank also goes to Mr. Ranga Lakshan,

Management Accountant in Amazon Trading (PVT) Ltd, Mrs. Niluza Badurdin,

Assistant Finance Manager, all staff members and for all the employees attached to

Amazon Trading (PVT) Ltd.




                                          i
                                               Table of Content


Title page.....................................…………………………….……...................                                        i
Acknowledgements.............................................................................................          ii
List of Tables ...............................……………………………….......................                                     iii
CHAPTER 01
OVERVIEW OF THE ORGANIZATION                                                                                           1
1.1. Export Performance……………………………………………………….                                                                          2
1.2. Markets and Branding ………………………………………………….                                                                         3
1.3. Awards and Certifications………………………………………………..                                                                     6
1.4. International Certifications……………………………………………….                                                                   7
CHAPTER 02
STUDENT ASSESSMENT ON ORGANIZATION                                                                                     8
2.1. SWOT Analysis.......................……………….......................…..................                              8
      2.1.1. Strengths............................................................................................     8
      2.1.2. Weaknesses ………...........................................................................                10
      2.1.3. Opertunities......................................................................................       14
      2.1.4. Threats...............................................................................................   16
2.2. Financial Ratios Analysis.............................................................................           17
      2.2.1. Operating Ratio analysis....................................................................             18
               2.2.1.1. Gross Profit Ratio..............................................................              18
               2.2.1.2 Net Profit Ratio...................................................................            18
      2.2.2. Liquidity Ratio analysis.....................................................................            19
               2.2.2.1. Current Assest Ratio..........................................................                19
               2.2.2.2. Quick Ratio........................................................................           19
      2.2.3. Expensess Aanlysis Period................................................................                20
               2.2.3.1. Increase in Cost of Sale.....................................................                 20
               2.2.3.2. Administration Expensess Ratio........................................                        20
               2.2.3.3. Selling and Disstribution Expensess..................................                         21
               2.2.3.4. Finance and Other Expensess...........................................                        21
      2.2.4. Export Sale Analisis......................................................................               22
      2.2.5 Working Capital Analysis..............................................................                    23
               2.2.5.1. Debtors Tureover Period...................................................                    23




                                                              ii
                 2.2.5.2. Creditor’s payment Period................................................          24
                 2.2.5.3. Stock Turnover Period (Days)…………………………...                                          24
                 2.2.5.4. Working Capital Cycle…………………………………..                                               25

              2.2.5.5. Weighted Average Cost of Capital (WACC)……………
2.3. The Balanced Score card ………………………………………………….                                                            26
     2.3.1. Financial……………………………………………………………                                                                 26
     2.3.2. Customers………………………………………………………….                                                                 27
     2.3.3. Quality…………………………………………………………….                                                                  28
     2.3.4. Learning and Growth………………………………………………                                                            28
CHAPTER 3
LEARNING EXPERIENCE                                                                                          30
3.1. Learning experiences in various divisions…………………………………                                                  30
          3.1.1.1. Blend Room………………………………………………….                                                            30
          3.1.1.2. Tea Packing Division…………………………………….…..                                                    31
          3.1.1.3. Tea Bagging Division………………………………………..                                                     31
          3.1.1.4. Stores………………………………………………………...                                                            32
          3.1.1.5. Tea Room……………………………………………………                                                              33
     3.1.2. Human Resource Department……………………………………..                                                        34
     3.1.3. Finance Department………………………………………………..                                                           35
3.2. Special Projects…………………………………………………………….                                                                36
     3.2.1. SWOT Analysis.................................................................................   37
     3.2.2. Draw flow charts to materials inflow and to outflow……………..                                       37
     3.2.3. Conduct Internal Audit on Local Sales……………………………..                                               38
CHAPTER 4
RELEVANCE OF WORKING EXPERIENCE TO THE STUDIES                                                               39
4.1. Financial practices…………………………………………………………                                                               39
     4.1.1. Preparing of annual budget…………………………………………                                                       39
     4.1.2. Preparing of annual financial report………………………………..                                               39
     4.1.3. Participated to annual external audit……………………………….                                               40

      4.1.4. Internal auditing…………………………………………………….                                                          40
      4.1.5. Taxation…………………………………………………………….                                                                40
4.2. Human Resources Practices………………………………………………..                                                           41
     4.2.1. Orientation Program………………………………………………...                                                         41
     4.2.2. The act of labour…………………………………………………….                                                           41
     4.2.3. Performance appraisal methods…………………………………….                                                     41
4.3. Marketing Practices………………………………………………………..                                                              42
      4.3.1. Maintain Relationship Customer Base……………………………..                                                42
      4.3.2. Participate to trade fairs…………………………………………….                                                    42
4.4. Policies of the Organization……………………………………………….                                                         42
4.5. ERP system (Enterprise Resource Plan)…………………………………..                                                    43




                                                        iii
CHAPTER 5
SUGGESTIONS………………………………………………………………………                                                                                44
Appendix

     01. Organizational hierarchy……………………………………………….                                                                  52
     02. Flow Charts……………………………………………………………..                                                                         53
Bibliography.......................................................................................................   62




                                                              iv
                             List of Tables


Table2.1.   Gross profit ratio………………………………………...……              18
Table2.2.   Net profit ratio……………………………………………..…                18

Table2.3.   Current Assets ratio………………………………………….               19

Table2.4.   Quick ratio……………………………………………………                     19

Table2.5.   Increase in Cost of Sales……………………………………...          20

Table2.6.   Administration Expenses/Sales………………………………. 20
Table2.7.   Selling & Distribution Expenses/Sales……………………....   21

Table2.8.   Finance & Other Expenses…………………………………..             21

Table2.9.   Bulk Tea……………………………………………………… 22
Table2.10. Packed Tea…………………………………………………… 22
Table2.11. Tea Bags……………………………………………………...                      22

Table2.12. Debtors Turnover Period (Days)…………………………....... 23
Table2.13. Creditors Payment Period (Days)…………………………….          24

Table2.14. Stock Turnover Period (Days)……………………………….            24

Table2.15. Working Capital Cycle………………………………………                 25

Table2.16. Weighted Average Cost of Capital (WACC)………………… 25




                                   v
                               ABBRIVIATION


FGTN – Finished Goods Transfer Note

GIN – Goods Receive Note

GRR – Goods Receive Return

ISO – International Standard Organization

MRP – Material Requisition Plan

NCE – National Certificate for Exports

PMR – Packing Material Requisition

PO – Purchase Order

TN – Transfer Note

UK – United Kingdom

USA – United States of America




                                         vi

				
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