Internship report on polyplast by MJB

Internship Report on Polyplast Custom Moulders (PVT)
LTD
By
Junaid
THIS REPORT SUBMITTED IN PARTIAL FULFILMENT OF
THE REQUIREMENTS FOR THE DEGREE OF
BACHLORS OF COMMERCE
To
FACULTY OF COMMERCE
GLOBAL INSTITUTE LAHORE
March, 2018
 Junaid, 2018

Degree Name in Full
Name of Discipline
Name of ReportSupervisor SignatureofReport Supervisor
GOLBAL INSTITUTE LAHORE
FACULTY OF COMMERCE
REPORT APPROVAL FORM
The undersigned certify that they have read the following report, are satisfied with the overall exam
performance, and recommend the report to the Faculty of Commerce.
Report Title: Internship Report on Polyplast Custom Moulders (PVT) LTD
Submitted By: Junaid ` Registration #: F15BCOMIT112219
Bachelor ofCommerce
Commerce
Mauzam Ali Haider
Mauzam Ali Haider
Head of Department SignatureofHeadofDepartment
Date

CANDIDATE DECLARATION FORM
I Junaid
Son of Muhammad Aslam
Registration # F15BCOMIT112219
Discipline Commerce
Candidate of B.com IT
Global Institute Lahore do hereby declare that the report (Title) Polyplast Custom Moulders (PVT) LTD.
Submitted by me in partial fulfillment of B.com degree, is my original work, and has not been submitted or
published earlier. I also solemnly declare that it shall not, in future, be submitted by me for obtaining any other
degree from this or any other university or institution.
_____________________
Date Signature of Candidate
_________________
Name of Candidate

Letter of Transmittal
March 27, 2018
Mr. Mauzam Ali Hadir , HOD Commerce Department,Global Institute Lahore ,
Dear Sir, Subject: Submission of the Internship Report.
First, I would like to thank you for approving this invaluable topic. The study has given me the
opportunity to get a deeper insight and use my theoretical knowledge in practical knowledge. This is to
inform you that I have successfully completed my internship at Polyplast Custom Moulders (PVT) LTD.
Here I am working in Accounts department, Human Recourse Department and Marketing Department. It
has been a great pleasure to work under such a friendly and helpful supervisor who is the CEO of this
Company in a smooth, cordial environment. I have provided some key findings and analysis and
suggested some implementable recommendations.
I would try my best and shall be obliged to provide you with any clarification regarding the report.
Thank you. Sincerely,
Junaid ID: F15BCOMIT112219 Global Institute Lahore

TABLE OF CONTENT
Chapter Page
REPORT APPROVAL FORM…………………….………………….……ii
CANDIDATE DECLARATION FORM……………………………..…… iii
LETTER OF TRANSMITTAL…………………………………………… iv
TABLE OF CONTENT……………………………………………… v
ACKNOWLEDGEMENT ……………………………………………… viii
EXECUTIVE SUMMARY ……………………………………………… ix
1 CHAPTER NO 1..........................................................................X
1.1 PLASTIC PROCESSING INDUSTRY OF PAKISTANError! Bookmark
not defined.
1.2 Introduction of Company............................................................. 3
1.3 History of P.P...................................................................................................3
1.4 Idea of the Company.........................................................................................3
1.5 Planing of the Company ...................................................................................3
1.6 Desing and Development..................................................................................3
1.7 ISO Certificate ..................................................................................................4
1.8 Management Team…… ...................................................................................5
1.9 Product .............................................................................................................6
1.10 Client Details ...............................................................................................10
1.11 Quality Policy...............................................................................................11
2 Chapter No.2.............................................................................. 12
Product Information........................................................................ 12
2.1 List of Machineries........................................................................12
2.2 Plastic Information .................................................................... 13
2.2.1 Glossary Terms............................................................................................13

2.2.2 Common Plastics Data................................. Error! Bookmark not defined.
2.2.3 Plastic Properties ......................................... Error! Bookmark not defined.
2.2.4 Plastic Identification Chart ..........................................................................21
2.3 Data Source................................................................................ 22
2.3.1 Primary Source ............................................................................................22
2.3.2 Secondry Source ..........................................................................................22
2.4 Adress and Contact..........................Error! Bookmark not defined.2
Chapter No 3.................................................................................... 23
3.1 Accounts Department and Details……………………………… 23
3.1.1 Summary of Significant Accounting Policies: ...........................................23
3.1.2 Expenses ......................................................................................................23
3.1.3 Accounts Receivable ...................................................................................23
3.1.4 Employee Gratuity and Redundancy Fund ..................................................23
3.1.5 Cash & Cash Equivalents ............................................................................24
3.1.6 Bill-Voucher Preservation ...........................................................................24
3.2 Payments........................................................................................................24
3.2.1 Internal Payments….……………......………………….…………………..24
i:SalaryPayments…………………………………………..………………....24
ii: Staff Finial Payments………………...………………….………………..24
iii: Payment of Others……………………………………….……………….24
3.2.2 External Payment............................................................ 25
i: Provident Fund ……...……….……..……………….…………………....25
ii: Income Tax ………….…………………….……………………………..25
iii: Advance against salary (Interest free,through IOU)…………………….25
Chapter No 4.................................................................................... 26
4.1 Human Recourse Department.................................................... 26
4.2 Function of Human Recourse Department : .....................................................26

4.2.1 Staffing ..................................................................................................XLIX
4.2.2 Training and Development ..........................................................................27
4.2.3 Motivation....................................................................................................27
4.2.4 Maintenance.................................................................................................28
4.3 HRM of Alliance Capital.....................................................................................28
Chapter No 5.................................................................................... 29
5.1 Marketing Strategy. ................................................................... 29
5.2 Promotion Mix Strategy :....................................................................................29
5.2.1 Advertising Strategy ...................................................................................29
5.2.2 Internal Record System................................................................................29
5.2.3 Marketing intelligences ...............................................................................29
5.2.4 Marketing Resource.....................................................................................29
5.2.5 Customer Relationship Management ..........................................................30
5.3 Target Market.....................................................................................................30
5.4 Posting .................................................................................................................30
5.5 Product Management. ........................................................................................30
5.6 Pricing Approaches.............................................................................................30
Chapter No 6.................................................................................... 31
6.1 Production............................................................................................................31
6.2 Factor of Production............................................................................................31
6.2.1 Land Factor .................................................................................................31
6.2.2 Labor Factor ................................................................................................32
6.2.3 Capital Factor...............................................................................................32
6.2.4 Entrepreneurship Factor...............................................................................32
6.3 Working Details in Production...........................................................................33
Chapter No 7...............................................................................................................39
7.1 Conclusion ............................................................................................................39
7.2 Suggestion & Recommendations ........................................................................40
7.3 Refernces...............................................................................................................41

ACKNOWLEDGEMENT
All praises are for Allah almighty that has bestowed upon human being the crown of
creation and has endowed him with knowledge and wisdom. After Allah, is the last
prophet Mohammed (SAW) who brought for us revelation and unlimited knowledge and
civilized the barbarian human being.
Although this report base only my name but numerous people were very important to
the development of this report without the support of them I could never successfully
completed the internship as well as the report.
I am highly thank full to the staff member of Polyplast Custom Moulders (PVT) LTD.
Who really cooperated with me and provide me their complete guidance. As banks are
very much sensitive about their secrecy, even then after taking an understanding, they
let me handle their delicate operations.
JUNAID

EXECUTIVE SUMMARY
My Internship was in Polyplast Custom Moulders (PVT) LTD as an Internee. The motive of
joining the P.P was to have an exposure of textile sector and potential to avail a sound
and promising career. In my stay devoted my time to learn about P.P, which will be
beneficial to me if join Plastic Industry sector. In this 6 weeks internship program I
attended the lectures of key departments (Account, H.R & Marketing) of this largest
Plastic manufacturers of Pakistan which are delivered by experienced managers
running these departments. After attending the lectures also visited these departments
for acquiring practical knowledge.
The object of this report that to have placed is to express what observed and
what are the necessary measures that can help to capitalize the strengths to overcome
weakness and remove the threats.
Polyplast Custom Moulders (PVT) LTD is one of the largest Plastic Moulding
manufacturers of Pakistan. The company is 40% export U.S.A. and Europe are major
markets of Auto Mobile Industry. It is a quality conscious company. The company is
ISO 9002 certified. Company’s mission statement is “To be the world’s Best Moulding
Company.” Company’s values are trust.

CHAPTER NO 1
1.1: Plastic Processing Industry in Pakistan
Plastics is the mother industry to hundreds of manufactured components and products like
automobiles parts, televisions, refrigerators, other electrical goods, plastic furniture, defiance
products, agricultural piles, woven sacks, packages, sanitary ware, pipes and fittings, tiles and
flooring, PVC shoes and sleepers, artificial leather, bottles and jars, disposable syringes and
hundreds of household items.
The Plastic industry chain can be classified into two primary segments, these are; the Upstream
which is the manufacturing of polymers and the Downstream which is the conversion of
polymers into plastic articles. The upstream Polymer manufacturers have commissioned globally
competitive size plants with imported state-of-art technology from the world leaders. The
downstream plastic processing industry is highly fragmented and consists of micro, small and
medium units.
Presently there are 6,500 plastics processing units in Pakistan. Major concentration of plastics
processors whether they are injection, blow, extrusion, woven or tubular films manufacturers, is
in and around the industrial hubs of Karachi, Lahore, Gujranwala, Peshawar Faisalabad,
Hyderabad , Rawalpindi, Gadoon and Hattar.
The plastic resin industry produces resins which are further treated in plastics processing
facilities and sold largely to the building and construction, packaging and consumer markets.
Plastic resins are generally categorized into two types: thermoplastics and thermosets.
Pakistan exported plastic in two forms i.e. plastic materials and plastic processed goods. Export
of plastic and their products from Pakistan decreased from US $ 548 million in
2011-2012 to US $ 464 million in 20132014. On the other hand import of plastic materials and
their products also decreased from US$ 1,609 million in 2014- 2015 to US$ 1,507 million in
2016-2017.
Plastic moulding machinery is mostly imported from China, Japan, Korea Italy and EU
countries. However, locally manufactured machinery is also being used.
There is lot of scope for exporting locally manufactured plastic products to various markets in
the Middle East,

Pakistan takes EU to WTO over PET trade
Pakistan launched a trade dispute at the World Trade Organization on Wednesday to challenge
the European Union’s punitive duties on Pakistani exports of polyethylene terephthalate (PET).
Pakistan says the EU has broken WTO rules in the way that it imposed anti-subsidy duties on
PET, which is used in synthetic fibres, plastic bottles and food containers.
Under WTO rules, the EU has 60 days to try to settle the dispute in direct talks, after which
Pakistan could escalate the issue by asking the WTO to set up a panel to adjudicate.
Pakistan’s exports of PET were worth just over $200 million last year, according to data from the
International Trade Center, a UN-WTO joint venture. Although its exports have grown, sales to
the EU have dwindled in the past few years.
The EU accounted for over 80% of Pakistan’s foreign sales of PET a decade ago, but less than
10% of Pakistani PET exports went to the EU in 2017, a tiny
slice of the EU’s $4.3 billion imports of the material.
References:
1. Pakistan Bureau of Statistics.
2. Plastic Manufacturing Association of Pakistan.
3. Anam Ayesha Mubashir - Plastic industry, Pakis-tan Institute of Trade and Development.
4. Plastic Pac - Pakistan 11th edition of International Plastics and Packaging industry Trade
Fair,14 to 18 March, 2018 Expo Center, Lahore.

1.2: Introduction of the Organization
1.3: HISTORY
PolyPlast is a young company with a rich past. We provide services in Plastic Injcetion
moulding. Our Capacity ranges from 5-grams to 400-grams. We believe in creating great value
for our customers with honest and smart work. Our first generation started plastic business in
1996 with the name of Novaplast Custom Moulders at Karachi.Our second generation started the
work in said services in 2007 with the name of Polyplast Custom Moulders at Lahore to support
the OEM network.
We have gained considerable knowledge of this specialist industry with 17 years’ experience of
plastic moulding and tool making which allow us to advise you with our experience to produce
new ideas and products in a competitive, innovative way. Our dedicated employees will work
hard to service your needs and provide you with the best quality products at the most competitive
prices, and will always be on hand to answer any queries you may have.
1.4: IDEA
Most well designed products start with the germ of an idea, which is where we need to be,
helping in the initial concept stage. It is our belief that a partnership between customer and
supplier results in a successful product.
1.5: PLANNING
We have technical team to ample requirements of our current & prospecting clients. We have a
very strong planning department to manage the all operations of organization keeping
centralization. We are also able to increase our production capacity by deploying new labor and
machinery time by time. We also have the capability to generate presentation quality
representations of any part, with full surface detail suitable for early stage development prototype
work. We work closely in partnership with our clients applying our processes to their designs. In
doing so, we achieve together the desired results/goals and come up with the solutions to our
customers’ requirements.
1.6: DESIGN AND DEVELOPMENT
We like to become involved in the early customers’ design process where necessary taking on
the responsibility of developing prototypes to their specifications, through to producing CAD
detailed drawings for final production with a wealth of knowledge gained over many years in the
manufacture of high quality technical plastic mouldings, we are in the unique position of being
able to offer a development service that will meet the requirements of our customers.

1.7: ISO CERTIFICATE
POLYPLAST CUSTOM MOULDERS is in compliance with ISO 9001:2008
and has successfully implemented a quality Management System which has
been registered by DAS Certification UK. We have planned surveillance
audits for 2 to 3 elements biannually.

1.8: ManagementTeam
Xeshan Ahmed Hashmi
CEO
Anam Nadeem Manzar Mumtaz
Executive Admin Admin Manager
Muhammad Jamshaid Bhatti M.Zafar Iqbal
Manager Production AM Production

1.9: PRODUCTS
Our company has modern injection moulding machinery, producing components weighing up to
….. grams (….ozs), and we have full tool making facilities to back our moulding operations. We
can perform short batch machining on our advanced plant including the following…
Box Battery CG-125-D Cover L U-Box
Cover R U-Box Cover Rare Frame Body

Emblem Front CD-70 Emblem Front CD-100
Emblem Front CG-125 Housing UP-UND throutle
Housing UP-UND throutle Mudguard Fender CD-70

Mudguard Fender CD-100 U-Box Body
Headlight Eng Parts

Utility Box CD-70 Utility Box Pridor Utility Box Pridor
All customer-specified production is assured for quality through:
 Advanced Product Quality Planning
 Control Plan
 Process Controls
 Post Moulding Inspection
 Dock Audits
 Zero Defect Policy

1.10: OUR CLIENT
Atlas Honda Continental
Skyways Green Apple
Atlas Battery

1.11:Quality Policy
The long-term business success of POLYPLAST depends on our ability to continually improve
the quality of work performed and services offered.
This commitment is in the best interest of our clients and our business. In POLYPLAST,
everyone is committed to actively participate and contribute positively in implementation of this
policy.
We are committed to:
 Maintain effective management system in order to meet client’s requirements.
 Monitor, evaluate and continually improve our quality performance.
 Educate our employees on latest benchmarks & how their actions can influence quality
performance.
Further to aforementioned, we are committed to the proactive integration of quality objectives
into our Management system at all levels.
This is critical to our business’s success that we shall review this policy under the shadow of
local applicable laws and regulations & International Standards Like ISO 9001.

CHAPTER NO 2
Product Information
In Chapter no two discus the information about the company productand
machineries use for productionin productionunit. the list of machineries and
products with the table and identification chart are under below:
2.1: List of Machineries
 Niigata CN75 Origin Japan. Model 1992, 110 grams capacity
 Batten Field BA800 CD-K, Origin Austria, Model 1996, Capacity 140 GMS
 Kawaguchi K180C, Origin Japan, Model 1989, Capacity 400 GMS
 Haxxian HXF88 Origin China, Model 2012, Capacity 125 gms
 Chiller Plant
 Cooling Tower
 Generator 80KW
 Generator 5.5KW
 Hopper Dryers 3 numbers
 Crusher
 Manual Press 30 tons

2.2:Plastic Information
2.2.1: Glossary of Terms
2.2.2 Common Plastics Data
2.2.3 Plastic Properties
2.2.4 Plastic Identification
2.2.1: Glossary of Terms
1: Agglomerate
A gathering of small particles into a larger mass.
2: Air release
Test for determining the relative ease of removing air from a plastisol.
3: Blister
Irregular area in the surface of a fused plastisol; usually caused by water, solvent, or air
contamination.
4: Brookfield viscosity
A measure of the low shear viscosity of a plastisol, as determined with a Brookfield rheometer.
5: Cast molding
Pouring plastisol into an open mold or injecting plastisol under low pressure into closed
matching molds, then heating to achieve fusion.
6: Desecration
The removal of entrapped air from a plastisol compound. This is usually accomplished by
subjecting the vinyl dispersion to a vacuum ether during mixing or in a later operation.
7: Dilatant
A liquid that increases in viscosity with increasing shear rate.

8: Diluent
Additive used to lower the viscosity of a plastisol.
9: Dip coating
A process by which plastisol becomes a functional part of the object dipped.
10: Dip molding.
A process similar to hot dip coating, in which the finished product is the fused plastisol stripped
from the dipped mold. Dip molding is used to produce such articles as gloves, grips, and
protective caps.
11: Dispersion
Finely divided particles of a material suspended in liquid.
12: Durometer
The measure of the hardness of a material.
13: Elongation
A measure of how far a film of fused plastisol can be extended before breaking.
14: Emulsifier
A chemical ingredient designed to produce an emulsion of two liquids which do not naturally
mix; also called “soap.”
15: Flammability
The ease with which a material may be set afire.
16: Fillers
Materials that are added to a system to reduce cost and/or modify the system or the properties of
the finished product.
17: Fusion
The heating process by which the PVC resin and other components are transformed from their
original state to a new, homogenous structure.

18: Gelation
The moment at which all liquids are absorbed by the resin, changing the plastisol from a liquid to
a solid.
19: Grind
A test yielding information on the size of particles within a plastisol.
20: Knife coating
The use of a blade-like device to apply a coating of plastisol in a single pass, to paper, fabric,
metal, or a release substrate.
21: Leaching
The process by which plasticizer or other materials migrate from a partially fused or fused vinyl
film.
22: Newtonian
A liquid whose viscosity is independent of shear rate.
23: Open cavity molding
A cast molding process in which plastisol is formed into a finished article or cast in place as part
of a composite article, such as a water filter or automotive air filter.
24: Organosol
A plastisol to which a solvent has been added.
25: PVC dispersion resin
Fine-particle size PVC material which forms a plastisol when mixed into a liquid plasticizer.
26: Plasticizer
High-boiling organic liquid or low-melting-point solid that imparts flexibility to PVC resin.
27: Plastisol
A liquid composed of PVC dispersion-resin dispersed in a plasticizer.

28: Pseudo-plastic
A liquid that decreases in viscosity with increasing shear rate.
29: Rheology
The study of the deformation and flow of matter, incorporating viscosity measurements as well
as how viscosity changes with shear rate.
30: Rheometer
An instrument for measuring the flow of liquids.
31: Rotational molding
Used to create hollow forms (flexible or rigid) with complex shapes and even varying wall
thickness. The process involves introducing a precise amount of plastisol into a mold, then
rotating the mold in two planes while heating it, to disperse, gel, and fuse the plastisol in a single
step.
32: Saturation coating
A method for totally impregnating a substrate with a plastisol compound.
33: Screen printing
The application of plastisol through a fine screen, usually with a stencil in place to produce a
specific design or portion thereof. Highly detailed, multi-colored images are possible with this
process.
34: Severs viscosity
A measure of the high shear viscosity of a plastisol as determined with a Severs rheometer.
35: Shear rate
The velocity gradient applied to a liquid.
36: Slush molding
Used to create hollow, flexible items. A quantity of plastisol is poured into a heated female mold,
causing gelling of the plastisol directly in contact with the heated surfaces. The excess plastisol is
poured off and the gelled layer is fused with heat. After fusing, the finished item is removed
from the mold.

37: Specific gravity
The ratio of the weight of any volume of a substance to the weight of an equal volume of water
at 4º C.
38: Specks
Burnt resin or dark flecks resulting from overheating in the drying process.
39: Spray coating
A process involving the use of airless spray systems to coat large objects, vertical surfaces,
irregular or shapes, often in-place. With spray coating, unlimited passes can be made in order to
achieve the desired coating thickness. Decorative effects can be achieved using special spray
heads.
40: Surfactant
A surface-active agent used in plastisols to reduce viscosity and improve air release.
41: Tensile strength
The breaking strength of a material when subjected to a breaking force; commonly expressed in
pounds per square inch.
42: Thixotropic
A decrease in viscosity of a liquid due to low shear force being applied continually.
43: Transfer coating
Used for applications where the position, thickness, hardness, softness, or decorative effect must
be tightly controlled.
44: UV resistance
The ability of a substance to resist degradation from exposure to an ultraviolet source.
45: Viscosity
The degree to which a liquid resists flow under applied force.
Viscosity aging...
The tendency of a plastisol to change in viscosity during storage.

2.2.2:Common Plastics Data
Acrony
m
Nomenclature
Specific
gravity
Mold
Shrinkage
(%)
Heat
Defl.
Temp
¢J
Notched
Izod
Impact(ft
.1b/in)
Tensile
Strength
1b/in2
Applications
GPPS
General Purpose
Polystyrene
1.16 0.3-0.6 70-80 0.35-0.45 5200-7500
Stationery
furniture,
Lamp coverToys
HIPS
High Impact
Polystyrene
1.08 0.5 70-85 0.95-7.00 1900-6200
Furniture, Electric
Component,
Cabinet, Toys
ABS
Acrylonitrite
Butadiene Styrene
1.05 0.6 80-95 1.4-12 3300-8000
Toys, Handle, Sport
facility, Home ware
AS(SAN) Acrylonitrile Styrene 1.07 0.6 85-95 0.4-0.6 10000-11900
Furniture,
Tableware, Watch
Glass, Accessory
LDPE
LowDensity
Polyethylene
0.92 3 35-50 no fracture 1200-4550
Bag, Wire, Toys,
Plastic flower,
Bottle
HDPE
High Density
Polyethylene
0.96 3 40-75 0.40-4.00 3200-4500
Bag, TubWire,
Toys
EVA Ethylene-Vinyl Acetate 0.95 2 N.A no fracture 2200-4000
Pliofilm, Blowing
moldingtoys,
Innersole
PVC (Rigid) Polyvinyl Chloride (Rigid) 1.38-1.41 1.5 N.A 0.4-22.00 5900-7500
Tube, Plank,Wire,
Cable, Shoes,
WindowFrame
PVC
(Plasticized)
Polyvinyl Chloride
(Plasticized)
1.19-1.35 4 N.A Full range 1500-3500
Tube, Plank,Wire,
Floorboard,
Leatheroid
PP Polypropylene 0.91 2 60-100 0.40-1.2 4500-6000
Bag, Toys,
Furniture, Bottle.
Bucket

PMMA
Polymethyl
Methacrylate(Acrylic)
1.18 0.6 95-103 0.33-0.60 7000-11000
Accessory, Watch
Glass, Lamp cover,
Sunglass
PA-6
Polyamide-6
(Nylon 6)
1.13 0.7-1.0 180 0.60-3.00 6000-24000
Gear, Bearingoil
tube, Furniture
PA-66
Polyamide-66
(Nylon 66)
1.13 1.3 200 0.55-2.10 11000-13700
Mech component,
Gear, Shaft, Tools
Cabinet
POM Polyacetel 1.42 2.1 172 0.80-2.30 9200-10200
Gear, Bearing,
Cam, Pump,
Electric appliances
PC Polycarbonate 1.20 0.5 137 14.00-16.00 9000-10000
Apparatus, Mech,
Remedial
Instrument
Bullet-Resistant
Glass
PET
Poly(Ethylene
Terephthalate)
1.33 0.4 67 0.25-0.7 7000-10500
Beverage bottle,
Chain, Gear,
Audiotape
PBT
Poly(Butylene
Terephthalate)
1.40 1.5-2.2 152 0.70-1.00 7800-8600
Electric
Component,
Valve Screw net,
Shield veil
CA Cellulose Acetate 1.26 0.5 81 1.00-7.80 1900-9000
Home ware Handle,
Container, Glass
frame, Accessory
PPS PolyphenyleneSulfide 1.3 0.7 126 0.10-0.50 9000-10000
Heat-Resistant
Component,
Cabinet
PPO PolyphenyleneOxide 1.07 0.5-0.8¡@ 126 4.00-6.00 7800-9600
Mech Cabinet,
Electric Cabinet

2.2.3:Plastic Properties
Description Density Shrinkage%
Tensile
kg/cm^2
Volume
Resistive
Ohm.cm
Dielectric
Strength
kV/mm
Deformation
Temp
18.6kg/cm^2
HDPE
0.94-
0.97
2-5 220-390 >10^16 18-20 43-49
LDPE 0.91-93 1.5-5 80-160 >10^16 18-40 32-41
PP 0.9-0.91 1-2.5 300-390 >10^16 20-26 57-64
PA6
1.12-
1.14
0.4-1.4 490-840 >10^14 19-20 66-80
PA66
1.13-
1.15
0.8-1.5 790-840 16 104
ACETAL
1.41-
1.43
2.0-2.5 700-840 10^14 19 124
PBTP 1.31 1.7-2.3 300 10^16 23 54 (4.6kg/cm^2)
PTFE 2.1-2.3 140-230 >10^18 19
121
(4.6kg/cm^2)
PVC ,HARD
1.35-
1.45
0.1-0.5 480-550 >10^16 15-30 54-80
ACRYLIC 1.17-1.2 0.1-0.4 490-770 >10^14 18-22 60-88
PC 1.2 0.5-0.7 560-670 10^16 16 130-138
PPO 1.06-1.1 0.6 550-670 >10^16 15-22 130
PBT+30% FIBRES 1.5 0.3 1330 10^16 218
PA66+30% FIBRES 1.4 0.6 1820 5x10^15 249

2.3:Data source
Data for this report has been extracted from primary sources as well as secondary sources.
2.3.1: Primary Data
Primary Data will be collected Official records (files, rules & regulation).
2.3.2: Secondary Data
Majority of the data will be collected from Annual Report, Informal discussions mainly with my
supervisor, brochures, and P.P official web sites.
2.4: Adress and Contact
Address: Plot # 3, Rajpoot street, Ghulam Hussain Colony,
Shera Kot Bund Road, Lahore Pakistan
Phone: 042 37482545, 37413724
Fax: 042 37482459
Email: info@polyplast.com.pk

CHAPTER NO 3
Week 1
3.1:Summary of Significant Accounting Policies.
P.P prepares its financial statements on a going concern basis, under the historical cost
convention. It follows the modified accrual basis of accounting for key income and expenditure
items.
The significant accounting policies followed in the preparation and presentation of financial
statements are summarized below.
I. P.P Accounts Department
II. Preparation of Vouchers
III. Collection of Source Documents
IV. P.P Accounts Department Processing of Data with Ledger and Register
V. Department wise Consolidate Financial Statements
3.1.1: Basis of preparation of Financial Statements
P.P maintains its books of accounts and records on the basis of departments, that is, each department is
looked upon as a separate accounting entity having separate set of books. The Accounts department
maintains records of all accounting, investment and management functions. All cash balances, including
those meant for departments are held at one place and spent for or transferred to departments as required.
3.1.2: Expenses
Expenses arise from goods and services being distributed to beneficiaries in accordance with the
Company objectives and activities. P.P administrative expenses are allocated to various departments.
3.1.3: Accounts Receivable
Accounts receivable arise principally from providing services to Company Creditors. Accounts
receivables are recognized when they are due.
3.1.4: Employee Gratuity and Redundancy Fund
P.P makes provisions for an Employee Gratuity and Redundancy fund, on the basis of two months’ basic
salary for each completed years of service for each permanent employee (based on the latest basic salary).
For accounting purpose the provision is made on a monthly basis. Gratuity is to be disbursed upon
retirement of employees whilst redundancy disbursements are to be made in the event of cessation of
service from P.P on grounds of redundancy.

3.1.5: Cash & Cash Equivalents
Cash and cash equivalents for the purposes of the statement of cash flows comprise cash and bank
balances and un-pledged fixed deposits, against which bank overdrafts, if any, are deducted.
3.1.6: Bill-Voucher Preservation
Except any legal and regulatory documents like deeds, agreements,books and records related to Income
Tax, VAT, or any other legal documents which might be needed in future, all other documents, vouchers,
bills, files, or registers shall be destroyed after of 5 (five) years. A committee will effect the disposal. A
list of documents destroyed shall be preserved.
Week 2
3.2:Payments
P.P payments can be categorized as follows:
3.2.1: Internal Payments
Internal payments are payments its makes for internal matters. Some payments are below:
i. Salary Payment
Payroll is one of the largest payments that take place every month. P.P has Payroll wing which is
responsible for preparation of payroll. Details about payroll have been discussed later under payroll
section.
ii. Staff Final Payment
Final Payment is made when a staff leaves P.P by way of resignation, termination, dismissal or
redundancy. The staff needs to take clearance from his/her department in-charge and other relevant
departments (transport, library, HRD etc.) to get final payment. The final payment includes gratuity,
provident fund, leave pay et
iii. Payment of other expenses
This includes payment of traveling allowance, local conveyance, and overtime bill, daily allowance and
other reimbursements. Employees prepare their bills and get approval from their respective department
heads. Then treasury section makes payment. Accountant prepares payment voucher. The voucher is
approved either by the head of accounts.

3.2.2: External Payment
External payments are usually made against purchase of goods and services. They include office
rent, food and accommodation fees for residential semesters, fixed assets, supplies etc. Purchases
are made according to the rules of “Procurement Manual”. The Supplier/Contractor, after
performance of the contract, submits bill to procurement department which approves the bill
after necessary verification.
i. Provident Fund
A confirmed employee is entitled to be a member of PISFT contributory provident fund (PF).
Every month the non-faculty staff contributes 10% and faculty staff 5% of their basic salaries,
which is matched by the university.
ii. Income Tax
According to Income Tax Ordinance 1984 tax has to be deducted at source from salary that
exceeds the taxable limit. The entire amount deducted is deposited to government account within
prescribed time. The computerized payroll register automatically calculates individual tax
liability. The liability is then evenly distributed over twelve months and realized from salary.
iii. Advance against salary (Interest free, through IOU)
Employees are entitled to draw half-month's salary as advance, if they go on leave before and,
are not expected to return, by the scheduled date of salary. The advance payment is made
through IOU form. The staff fills IOU form and gets own department's recommendation before
submitting it to the Accountants for approval

CHAPTER NO 4
Week 3
4.1:Human Recourse Department
I tried to integrate my theoretical knowledge of HR and combine it with practical examples as
observed during my internship. I have tried to cover all the major functions of Human Resource
Management- recruitment, selection, compensation and benefits, training and development and
convey my understandings of the different functions of Human Resource Management through this
project. At the end of the report I have done a SWOT Analysis on the HRM Practice of Alliance
Capital followed by discussing critical points. I have also tried to provide some recommendations
based on my knowledge followed by the conclusion which I gathered during my internship.
Human Resources Management Human resource management involves all management decisions and
practices that directly affect or influence the people, or human resources,who work for the
organization. In modern years,amplified concentration has been devoted to how organizations
manage Human Resources. This augmented focus comes from the comprehension that an
organization’s employees facilitate an organization to attain its goals and the management of these
human resources is vital to an organization’s success.
4.2: Functions ofHR The functions ofhuman resource management
1. Staffing 2. Training and Development
3. Motivation 4. Maintenance.
4.2.1: Staffing
Staffing in HRM Activities in HRM concerned with seeking and hiring qualified employees is
Staffing. A company needs a well-defined reason for needing individuals who posses specific skills,
knowledge and abilities to specify the job. Employee referrals can produce the best applicants for two
reasons. First, current employees screen applicants before referring them. Second, current employees
believe that their reputations with the firm will be reflected in the candidates that they recommend.
Recruiting is the initial step of staffing. Recruiting is the process of locating, identifying, and
attracting capable employees. Many companies are finding new employees on the
World Wide Web. The source that is used should reflect the local labor market, the type or level of
position, and the size of the organization. Now the second step of Staffing, that is Strategic HR
planning. For that a company plans strategically. They set goals and objectives, these goals and
objectives may lead to the structural changes in the company. Third step is Selection. This process is
attracting qualified applicators and discouraging the unqualified applicants. By this a company can
get its desired employees of requirement. It has dual focus, attempting thin out the large set of
applications that arrived during the recruiting phase and to select an applicant who will be successful
on the job. To achieve this goal, companies can use a variety of steps. The employees who are able to
do all the steps and ensure good performance they get the job. HRM must communicate a variety of
information to the applicants, such as the organization culture.

4.2.2: Training and Development
Training is one of the important activities of human resource management. In the training
process companies try to motivate and train the employees in a manner so that they can work
more effectively in the future. Under the training process there are some steps they are given
below: Employee Orientation: Employee orientation provides new employees with the basic
background information they need to perform their jobs satisfactorily. Companies arrange an
orientation program for the employees. In an orientation program the employees should feel
welcome understand the organization in a broad sense be clear about what the firm expects
in terms of work and behavior begin the process of socialization Employee Training: There
is some process, method and techniques of employee training. A company follows the all the
steps of training to provide the employees a good look on their work. Career Development:
The career development stage is given below Pre transition: Is simply looking for a job and
preparing oneself for a career. Transition: An individual is already having a job and
developing oneself for future career or moving to another career. Preferred area: An
individual prefers a specific sector of the career. Early stage: First 1-5 years of career is
called early career.
Mid-career: 5-20 years after the career starts. Late career: Late career starts after 20 years of
job life. Retirement: And finally after completing the stages of career and individual decides
to retired.
Week 4
4.2.3: Motivation in HRM
Motivation is to inspire people to work, individuals in such as to produce best results. It is the
willingness to exert high level of effort towards organizational goals, conditioned by the
efforts and ability to satisfy some individual needs. An important part of the retention of
staff, reducing staff turnover and minimizing absenteeism at work is ensuring that staff are
properly motivated. The wage should be increased, the facilities should be insured and social
security should be confirmed. These are the types of common motivational ways. Staff
motivation is the cornerstone of open, flexible and caring management culture, which the
Government aims to establish through HRM. To put it into practice, “open” means not only
to listen to staff suggestions and opinions, but also to empower staff, accept their constructive
criticisms and use their suggestions. To be “flexible”, we may need to change the traditional
ways of doing things. As far as staff motivation is concerned, the biggest challenge perhaps
is to stop focusing on problems and the guilty party (police behavior) and start looking for
those responsible for things gone right (coach behavior). “Caring” calls for a human leader
who would give emotional support to individuals and at the same time attend to the overall
emotional needs of team members – which include treating them all in a fair and impartial
manner. Today’s employees want a respect that can be seen as involvedness in decision that
will affect them. Listening to the employees is a way of Motivation. All the motivation

functions focus on one primary goal, to have some competent and adapted employees with
up-to-date skills, knowledge and abilities, exerting high energy levels.
4.2.4: Maintenance
Maintenance of employees To maintain the employees of a company must look after the
employee- Health and Safety: For employees health and safety there HR policy need to be
very clear to all staff so that they feel safe to work here. They can put their attention and
productivity properly towards the task.
4.3: HRM of Alliance Capital
During my internship i was mainly assign in HR department. Polyplast Custom Moulders (PVT)
LTD always determine what jobs need to be done, and how many and types of workers will
be required. So, establishing the structure of the asset management company assists in
determining the skills, knowledge and abilities of job holders. To ensure appropriate
personnel are available to meet the requirements set during the strategic planning process. It
believes that the quality work comes from quality workers who are well motivated and ready
to take challenge to provide better service.

CHAPTER NO 5
Week:5
5.1: Marketing Strategy
Polyplast Custom Moulders Company’s direct marketing strategy consists of direct mailing
of the target customer sending an offer announcement. For this purpose company use internet e-
mail, fax mail etc.
5.2: Promotion mix strategy:
5.2.1 Advertising Strategy:
Polyplast Custom Moulders company advertising strategy consists of creating effective
massages and select most effective advertising media to convey messages to the large number of
target audience.
5.2.2 Internal Record system:
Polyplast Custom Moulders Company records all information up to customers order to payments
schedule. The company use electronic device to record information.
Crystal Agencies regularly records the information of sales, cash flows, production schedule,
shipment and inventories history.
5.2.3 Marketing intelligences:
Polyplast Custom Moulders Company collects information from the different secondary sources
such as website of the competitors, customers, and Govt. statistic, journals, from the marketing
both micro and macro environment. For developing marketing strategies, decision making, trace
the competitor action.
5.2.4 Marketing Resource:
Polyplast Custom Moulders Company is not a larger company and they also have lacking of finance
so they don’t conduct any for mat studies of specific situation.
Analyzing marketing information

5.2.5 Customer relationship management:
Polyplast Custom Moulders Company always tries to maintain a good relationship with the high
valued customers. For this reason the capture information from the order website visits, payment
interaction, sales force contract.
5.3: Target Market:
Polyplast Custom Moulders Company target all Auto Mobile Market, Molding Industry, Whole
sealers, Glossary Items
5.4: Positioning:
Polyplast Custom Moulders Company competitive advantages is higher quality lower price,
offering more benefit to the customers, those feature differentiate the company from the
competitors. Polyplast Custom Moulders Company products exist in the market on the basis of it,
competitive price, maintain stick delivery schedule and standard quality products.
5.5: Product Management:
Manager of Marketing and Sales Department leads a team of highly qualified employees and
sales executives selected among the high profile young and energetic persons. A group of well-
trained people always ensures the smooth operation of machinery and research team will always
try to improve the new quality by research and development.
5.6: Pricing Approaches:
Companies set prices by selecting a general pricing approach that includes three set of factor the
cost base pricing , value base pricing, competition base pricing.
Polyplast Custom Moulders company follow competition base pricing so the customers will base
their judgments of products value on the price that competitor charge for similar products.

CHAPTER NO 6
Week 6
6.1:Production
The processes and methods used to transform tangible inputs (raw materials, semi-
finished goods, subassemblies) and intangible inputs (ideas, information, knowledge) into goods
or services. Resources are used in this process to create an output that is suitable for use or
has exchange value.
6.2:Factorof Production
Economists divide the factors of production into four categories: land, labor, capital, and
entrepreneurship. The first factor of production is land, but this includes any natural resource
used to produce goods and services.
I: Land Factor II: Labor Factor
III: Capital Factor IV: Entrepreneurship Factor
6.2.1: Land as a Factor of Production
Land is short for all the natural resources available to create supply. It includes raw property and anything
that comes from the ground. It can be a non-renewable resource.
That includes commodities such as oil and gold. It can also be a renewable resource,such as timber. Once
man changes it from its original condition, it becomes a capital good. For example, oil is a natural
resource,but gasoline is a capital good. Farmland is a natural resource, but a shopping center is a capital
good.
The income earned by owners of land and other resources is called rent.

6.2.2: Labor as a Factor of Production
Labor is the work done by people.
The value of the workforce depends on workers' education, skills, and motivation. It also depends
on productivity. That measures how much each hour of worker time produces in output.
The reward or income for labor is wages.
The United States has a large, skilled, and mobile labor force that responds quickly to changing business
needs.
6.2.3: Capital as a Factor of Production
Capital is short for capital goods. These are man-made objects like machinery, equipment, and chemicals
that are used in molding production. That's what differentiates them from consumer goods. For example,
capital goods include industrial and commercial.
The income earned by owners of capital goods is called interest.
6.2.4: Entrepreneurship as a Factor ofProduction
Entrepreneurship is the drive to develop an idea into a business. An entrepreneur combines the other three
factors of production to add to supply.
I: The most successful are innovative risk-takers.
II: The income entrepreneurs earn is profits.
The Majority of entrepreneurs in the own small businesses. theirs raise money on the stock market by
issuing an initial public offering. Shares in these companies are called small-cap stocks.

6.3: Checking Production on Daily Base
Details checking all production every day ending period of Working and Prepaid a list off workers
working during the working hours find worker affiances with the help of detail checking its make a good
impact on worker working performance. Some Daily reports and under Below:
Polyplast CUSTOM MOULDERS
Daily Activity Report
Name: Junaid
Employee Code: 00127
Department : Production Quality
Designation: Senior Quality Executive
Date Sr. No. Activities
19-Mar-
18
A Top Priorities
1 Material issue for production.
3 Production part quality check on machine.
4 Maintain 5s on production hall.
5 Solve the problemof Soaking in SCL.
6 Visit Expo Centerwith Xeshan SabS.
7 Solve the problemof crack in MR.
8 Update DDR daily basis.
B Secondary Tasks
1 part delivered to store.
2 Check Assembly for 4 Times.
3 Check quality Gate for 5 Times.

Name: Junaid
20-Mar-
18
A Top Priorities
6 Make the CAR Monthsof February.
B Secondary Tasks
2 Check Assembly for 3 Times.
3 Check quality Gate for 3 Times.

Name: Junaid
21-Mar-
18
A Top Priorities
6 Slump for MR 5 Time because material issue.
B Secondary Tasks
2 Check Assembly for 1 Time.
3 Check quality Gate for 3 Time.

Name: Junaid
22-Mar-
18
A Top Priorities
6 Audit for MR and Make Audit Report.
7 Going to zulfaqer forcheck Mold Oil gauge.
8 Going to Receive for New crusher.
9 Update DDR or CDR
B Secondary Tasks
1 Production all Part delverfor Final Inspection.

Name: Junaid
24-Mar-
18
A Top Priorities
7 Going to Miss AnumOffice forMeeting on 2.30pm
8 Going to Receive for New Molder.
9 Setting all Machinery
B Secondary Tasks
3 Check quality Gate for 2Time.

Name: Junaid
26-Mar-
18
A Top Priorities
7 Install New Machinery Model swo00863.
8 Going to Purchase Cutter Machine.
9 Update DDR or CDR
B Secondary Tasks

Chapter No 7
CONCLUSION & RECOMMENDATIONS
7.1:CONCLUSION
Polyplast Custom Moulders is a big name in molding industry. Its working environment is
simply the best in Lahore.
The company has fully Molding, Production and packing units. Its quality assurance system is
one of the best in Pakistan. Recently it wins “Best Honda supplier awards 2014-15”and Best
Quality Award Form Green Apple 2015-16. The company’s infrastructure is good. Offices are
fully furnished. The company is centrally air-conditioned. The company is working in “Papers
less” environment. Computerized bar coding and back tracking system are there.
Company has good warehousing capacity for Plastic and other raw materials. Company has no
separate marketing department. CEO and Marketing Manager of the company perform marketing
functions individually.
Company’s decision making is centralized. All major decisions are made by higher management
and implemented by middle management.
Now Company is giving preference to its personals separate personnel department is
established and a ladies wing is also incorporated.
Financially the company is performing well. Its sales are increasing and its profits are rapidly
growing.
Simply we can say that Polyplast Custom Moulders is performing well.

7.2:SUGGESTIONS& RECOMMENDATIONS
There is no doubt P.P is very organized Custom Mulders Producer. Still there is always room for
improvements and following are some measures I suggest for improving the performance of the
company.
i) Decisions making should be decentralized. Middle and middle level management
should have participation in decision making.
ii) Company should have separate organized marketing department.
iii) Company should introduce products with its own brand name.
iv) Company should capture Middle East markets.
v) Company should start its own “Apparel Stores Chain”.
vi) Company should try to reduce workload.
vii) Promotions, increments and other benefits should be performance based in the
company.
viii) The company should build a dispensary for workers in the premises.
ix) Company shouldn’t depend upon large customers it should also try to capture
small ones.
x) Company should try to develop over all thinking of employees, not only
departmental thinking.
xi) Company should try to control wastage of Plastic. It reduces cost of production.
xii) Company should try to enhance its customer portfolio by increasing marketing
efforts.

7.3:References
Xeshan Ahmed Hashmi
(Chief Executive Officer)
Mr. Muhammad Jamshaid
(Production Manger)
Mr.Zafar Iqbal
(Assistant Production Manger)
Miss Anum Nadeem
(Executive Admin)

Internship report on polyplast by MJB

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