LETTER OF UNDERTAKING

I _________________________ student of Government College University, Faisalabad

having Roll No._________________

hereby confirm that the internship report I have

provided is solely my own effort. I did not copy my report partially or completely from any
other student of from any other source either against payment or free and I didnt provide any
plagrizied material in any section of my report. I further confirm that the documents
(Internship Completion Certificate and Evaluation form ) that I have provided are genuine
(i.e. not forge/fake) and have been issued by the authorized person in theTextile. If I am
found guilty of misstating, misleading or concealing the facts about my actives (either
academic or non academic but relevant to this course) at any stage, the university is
authorized to take disciplinary action against me according to the university policies and
regulations.

Name :
Signature: __________________
Date: _______________________

Dedications
I dedicate this to my Beloved Parents, Teachers (instructor), Finance and Accounts Managers
with their love, attention & efforts made it possible to make my internship report up to this
point. I also would like to dedicate my internship report to all other officials of the Niagara
Mills (Pvt) Ltd who gave me the all assistance to prepare and complete such an important
report. I especially dedicate this report to the Mills Manager and Manager HR (Head Office)
of this organization and authenticated individuals who allowed me to do this job in the
organization. I spent my eight weeks with this Organization to get the necessary information
about the flow of work, evaluation of financial statements and the nature of business which
will be helpful in my future professional career and life. I am very thankful to all and
especially to my instructor for this cooperation who will be the honorable to me forever.

Acknowledgement
These are the numerous blessings of almighty Allah which is only the admirable in his
unimaginable existence and qualities in the world and magnificent guidance of Holy Prophet
Muhammad (S.A.W. M.) who is only the proficient to be followed to the success for both in
this world and after the death.

I am happy to honor my sincere appreciation to my teachers

(instructor) and all those Niagara officials who guided me by their enthusiastic, sympathetic
and progressive attitude and supervision. I feel a huge debt of passionate guidance for their
cooperation and valuable instructions during my internship period in Niagara .I would like to
thank all Officials and Head of Departments of Mill like Mills Manager, Deputy Manager
Accounts and Admin, Deputy Manager Audit, Manager Store and Inventory. I would also like
to thank all Officials and Mangers at Head Office guided me very well in all aspects to
complete my internship at Niagara. At last I would like to again thank to my parents and
instructor by their prayers, attention and precious instructions I am able to complete my
internship

Executive Summary
Pakistans textile industry products are famous in the whole world due to the quality and
variety products. Niagara Mill (Pvt) Ltd is one of the famous export and competing units in
Pakistan and especially in Faisalabad. Niagara Mill exports dyed, printed cloth in rolls form
and has also its own stitching unit near Head Office from where it also exports made ups like
kitchen accessories, table cloth, sofa cloth, Parda cloth, bed sheets, fitted sheets, napkins, bed
spreads and other miscellaneous made ups as per buyers demand. I also try to collect
complete list of companys product line in this report.
I gained knowledge of processing technology (process and procedures of production), process
costing and financial analysis at Niagara Mills (Pvt) Ltd. I also collected the financial
statements of Niagara for last three years and compared the companys performance over
these three years by using ratio analysis like vertical analysis, horizontal analysis, industry
and trend analysis etc.
I collected scanned financial statements of these three years and attached with this report and
also compared it with its one competitor through industry analysis and also attached a
scanned copy of that company for reference.
I concluded that although the Niagara mills have the handsome profit trend but it is less
lucrative to its competitor such as in the year of 2014 the profit of this organization was
3.43% of its sales but the profit of its competitor is in 2014 5.71% of its sales.
SWOT analysis of this organization also done in this report, the list of the future plans of this
company also mentioned after the SWOT analysis. I also gave some of the conclusion and
recommendation to improve the company profitability and the financial strength of the
company. References and source of data used in completing the internship report also given,
in annex section I also provide the scanned copies of all statement and report which were
helpful to complete this job.

Table of contents

Executive summary
Niagara Textils limited is on of those in leading commercial Textile in the country that has
always played a pioneering role in introducing innovative, technology based Textiling
services.
In this report you will find the detail of the Textile right from its incorporation to the current
position. Along with it, the processes, policies and procedures of the Textile are also
discussed in detail.
During my internship program, I mainly worked in Retail Textileing, general Textileing
&finance. All the departments have been discussed in detail and the policies and procedure
have been described thoroughly.
As the main purpose of internship is to learn by working in practical environment and apply
the knowledge acquired is to learn by working in practical environment and to apply the
knowledge acquired during the studies in a real world scenarios in order to tackle the
problems using the knowledge and skill learned during the academic process, in this report
the detailed analysis of the organization has been done and all the financial, technical,
managerial and strategic aspects have been evaluated to analyze the current position of the
organization.
This internship report covers many important aspects which are basically related with the
operations and financial aspects of the Textile.
In the end the learning and experience section consists of all the policies, processes, practices
and procedures which I have undergone through and learned during my internship program.
This report also contains my perceptions about the employees satisfaction, motivation level
and the working environment of the organization

Chapter No. 1

Introduction
Niagara Mills, one of the leading textile industries having history of decades, is providing
premium quality textiles. It has achieved this far-fetched position by following strong
commitment to the clients by giving them top quality products and services. Strong sense to
adopt latest technical innovation, having a glance over worldwide vogue in textile industry
and giving full fledge dedicated services to the clients is the main key factor of Niagara
Mills vertical growth. Niagara has a marked position in International Textile Industry for its
commitment and responsiveness to customers satisfaction. Niagara produces complete
variety of textiles ranging from grey fabric to highly profiled made ups. Its export vicinity has
vast borders from Europe, USA, North & South America, Russia & CIS States to
Scandinavian countries. Niagara has achieved the turn over of UA$ 60 Million per annum
since years. With the slogan We Are the Safe Suppliers Niagara is transforming this
ideology into reality through excellent, skilled and dedicated, above 2500 employees who
assure the best availability of products & services in the hands of clients.
Niagaras Quality Assurance Department insures the best quality of products at every
following step.

Background
Niagara Processing Unit was come into being in 1986 by the name of Minaco Fabrics owned
by the old owner and some foreign investors. The head office of this organization was
situated at Block No.6, Shahdin Building, Shahrah-e-Quaid-e-Azam Lahore Pakistan
whereas the factory is situated at 03 km Jhumra Road, Khurrianwala, Faisalabad.
This Minaco Fabrics was auctioned by Habib Bank in 1999 being insolvent of the owners of
the organization and then it was purchased by Mr. Sheikh Imran the current C.E.O. of the
Niagara Mills (Pvt) Ltd. He changed its name as Niagara Mills (Pvt) Ltd. Mr. Sheikh Imran is
very hard working and brilliant man because Niagara Mills (Pvt) Ltd is running and growing
very successfully since 1999 by his great efforts, guidance and control. Now the head of this
organization is located at Kashmir Road, Nishatabad, Faisalabad, Pakistan.
The aim of Niagara is to serve its customers/importers by the top class quality products. It is
the reason that Niagara has achieved an honorable name among most of the leading textile
units in Pakistan. Niagaras strong sense to adopt latest technical innovations is also a key
factor of its vertical growth.
Niagara also has earned a valuable name in the international market due to its dealings,
services and customers satisfaction. Niagara is an integrated structure of state of arts, set up
of machineries and highly skilled & experienced manpower.
They produce complete range of textiles from top quality fabrics to high profile made ups &
textiles and export to Europe, USA, South & North America and Russia etc. They express the
blend of their most sophisticated tools, skilled & dedicated work force of over 1500
employees to all Niagara groups of industry and quality assurance system results in finest
quality fabrics & textile products.
The nature of the Niagara Mills (Pvt) Ltd is that it is a Private Limited Company. The liability
of the partners of this organization is limited up to the capital invested by them. Mr. Mian
Imran Ahmad is the Chief Executive Officer of this organization. He has had his share of luck
on many occasions in life and has been awarded the best exporter award at the Faisalabad
region in 2012 by the Government of Pakistan in past near. Other Board of Directors is Mr.
Mian Qais, Mr. Dr. Afzaal Ahmad.
Niagara is a textile unit having the Weaving, Bleaching, Dyeing, Printing and Stitching Units
facilities. They acquire the raw cloth as grey sometime from grey supplier or sometime from
its own weaving unit Niagara Weaving (Pvt) Ltd which is also situated at Khurrianwala
Faisalabad, and then Process for bleach, dye, print and stitch the fabric as per the customers
requirements. Customer is the party for whom the fabric is needed to be dye, bleach, print
and stitch.
Finished Fresh Fabric is exported or shipped in the form of Rolls from Processing Mill
directly and some fabric is sent to Stitching Unit Faisalabad where the fresh fabric is
converted in Made Ups as per Customers requirements and Made Ups are exported or
shipped from Niagara Stitching Unit.

Niagara Mills is not only respected in the textile sector Pakistan but it is well known at
international level because of its strong commitment to Total Quality Management and
customer satisfaction. Niagara Mills is a medium size organization but its average earning is
more than 60 millions per year. Authorized share capital of this organization is Rs.300
millions divided into 30 million shares of Rs.10 each. Capital proposed to be raised equity
capital Rs.100 millions and has the 10 billion shares of Rs.10 each.
The growth of this organization is constantly increasing every year and The Niagara Mills got
the maximum orders for processing from abroad as well as from the local market in Pakistan.
In the year of 2012 Niagara had made the total sale which was two billion, four hundred
ninety one million, one hundred eleven thousand and four hundred seventeen rupees as
(2,491,111,417 rupees). It is the highest and record production in the history of Niagara Mills.
Besides, this year every industry in the world has to face a lot of crises and challenges due to
some economical problems in different countries. Thats why the usage and the demand for
every thing has been decreased. However the Niagara was succeeded in getting the maximum
orders as compared to other competitors industry in the year of 2015.