EXECUTIVE SUMMARYConsistent with company’s goal of being the most respected manufacturing company, and its corporate philosophy which emphasizes shared responsibility to the communities where we live and work, Interloop strives to join its partners in addressing community challenges through honest, constructive and meaningful dialogue. In Pakistan, Interloop has been, and continues to be energetic in its support for projects and initiatives that seek to develop the community. Be it through its philanthropic arm ‘the interloop Foundation,’ or through timely transfer of expertise particularly in areas related to the advancement of the international textile sector and employee volunteerism, interloop remains committed to making a difference. From 2001 to 2010, interloop developing industry-leading initiatives and delivered bestin-class programs, products, and services to our partners and the communities they serve. In 2008 the president of Pakistan gave the best exporter trophy award. Company is targeting the USA and UK markets and they are producing the variety of socks. The merchandising department plays a vital role in the company. They work just like a bridge between the buyer and seller. They have an excellent HR department which improve the intellectual, emotional and social capital of its employees. They are fulfilling the corporate social responsibility by giving the aids to the IDP’s of floods and earth quake. Their imports and exports departments control all the shipment activities. Processing and finishing departments support them to convert the raw material into finishing products. Just like the other companies Interloop LTD is also facing the political, economical, social and technological problems. Interloop LTD has many opportunities to be more successful in the future but some threats may also affect them like political instability and electricity load shedding in Pakistan. 1 Introduction of industrial sector All Pakistan Textile Mills Association (APTMA) is the premier national trade association of the textile spinning, weaving, and composite mills representing the organized sector in Pakistan. APTMA emerges as the largest association of the country as it represents 396 textile mills out of which 315 are spinning, 44 weaving and 37 composite units. These spinning mills have production facilities of texturing, mercerizing and dyeing of yarns; weaving mills have sizeable number of air-jet looms, and the composite mills have manufacturing facilities from spinning to finished textile products under one roof. The total installed capacity of APTMA member mills accounts for 9,661,366 spindles, 61,608 rotors, 10,452 Shuttleless/Airjet Looms and 1897 conventional looms. The Association's members produce spun and open-end yarn, grey, printed dyed fabrics and bed linen. The role of APTMA As per charter and by-laws, aims and objectives of the Association are; 1. To encourage friendly feeling and unanimity amongst Textile Mill owners on all subjects connected with their common good. 2. To secure good relations between members of the Association. 3. To promote and protect the trade commerce and manufactures of Pakistan in general and of the cotton trade in particular. 4. To consider questions connected with the trade commerce and manufactures of its members. 5. To collect and circulate statistics & information classify relating to the trade, commerce and manufactures of its members. 6. To take all steps which may be necessary for promoting, supporting or opposing legislative and other measures affecting the trade, commerce or manufactures of its members. 7. To make representation to local, Provincial and Central authorities on any matter connected with the trade, commerce and manufactures of its members. 8. To arbitrate in the settlement of disputes arising out of transactions, piece goods, yarn 2 and other manufactured goods between parties willing or agreeing to submit to arbitration in accordance with the Arbitration Rules of the Association. 9. To advance and promote commercial and technical education connected with the trade and Commerce of its members. 10. To undertake special inquiries and initiate or support any action for securing the redress of legitimate grievances connected with the trade or commerce of its members. 11. To take any action which may be conducive to the extension of the trade and commerce of its members or incidental to the attainment of this object? 12. To subscribe, to become a member of and cooperate with any other Association whether incorporated or not whose objects are altogether or in part similar to those of the Association and to procure from or communicate to any such Association such information as may be likely to forward the objects of this Association 13. To establish or aid in the establishment of funds to benefit employees of the Association or the depending of such persons and to subscribe, donate or guarantee money for charitable or benevolent purposes at the discretion of the Association. 14. To regulate conditions of employment in the industry conducted or carried on by its members. 15. And generally to do all that may be necessary in the interest of the realization of the above objects of the Association directly or indirectly The Organization Principal Office is located at Karachi and Regional Offices are at Karachi, Lahore and Peshawar. The Principal Office functions under the administrative control of the Chairman and Central Executive Committee. It deals with the affairs connected with textile trade and industry effecting members relating to Federal Government, whereas matters concerning Provincial Governments are dealt by the Regional Offices under the direction of Regional Chairmen. The Chairman and Vice-Chairmen from Regional Offices are elected by the members annually and are charged with implementing the policies and program directives decided by the Central Executive Committees. The Chief Operating Officer and Secretaries are responsible for carrying out day-to-day affairs and programs of the Association. The 3 Central Executive Committee continuously reviews the policies and programs of the Association and establishes priorities accordingly. Statistical and Economic Information The Association collects and compiles statistical and economic data on the textile industry mostly from a number of government sources and publishes Chairman's Annual Review to keep Association members and other sectors related to the industry fully informed about production and marketing trends in Pakistan and world. In addition, special reports are developed periodically on specific subjects at the request of the various committees and government agencies. The annual general meeting of the Association held each September is an important component of APTMA's total program. Through this vehicle, industry members come to know each other's issues/problems and have time to asses industry trendsin an atmosphere part from day to day operations. APTMA's activities and specific areas of interest are addressed through its Standing Committees, chaired by an industry executive. Membership APTMA membership consists of partnerships and or individual proprietorships, which operate machinery for spinning, dyeing, texturizing, twisting, or otherwise processing of yarn, thread, or cordage, grey, printed and printed cloth and made ups for sale. The expenses of maintaining APTMA's professional staff and offices are met from the annual subscriptions and services provided to members. APTMA Principal Offices is the central administrative organization, but each member has its own offices and governing board. For information about Membership, Chief Operating Officer of APTMA, Principal Office, can be contacted. 4 INTERLOOP lies in the hosiery division that is why it is important to introduce PHMA (Pakistan hosiery manufacture association). Hosiery is the sub-part of textile sector . Pakistan Hosiery Manufacturers Association Pakistan Hosiery Manufacturers Association is the premier trade organization representing the hosiery and knitwear industry accelerating and providing growth in all sectors of the economy, generating immense employment and promoting national self reliance. Its history dates back to the year 1960 when Pakistan Hosiery Manufacturers Association was established by a few dedicated industrialists and leading manufacturers of hosiery and knitwear and registered with the ministry of commerce under section 26 of the companies act 1913 on the 7th day of July 1960 and incorporated under the companies act 1913 on the 31st day of august 1960 with the main object: "to promote, develop, protect, stimulate and encourage the hosiery, knitwear and all made-ups, fabrics, home textile products of cotton, wool, silk or man-made fibers and to raise the standard of their production and enhance exports" among other aims & objects. 5 It is one of the very few firms in Pakistan with an impressive social responsibility portfolio.000 SQ MTR) Total Covered Area Hosiery Division .II: 634.059 SQ MTR) Total Covered Area Hosiery Division .972 SQ MTR) Total Covered Area Spinning Division: 325.000 SQ FT 6 . They believe our success is due to a highly focused concentration on quality and speedy turnaround.000 SQ FT (300. timely shipments and reliable service standards have been paramount towards Interloop's phenomenal growth. This project will enhance the value of money for their customers by offering rates that are even more competitive to our clients Hard work and utmost commitment from its employees and management. it has over 1400 machines and a workforce of 9500 now. continuously striving to revolutionize business practices in this region. and has transformed itself into SOUTH ASIA'S largest sock manufacturer and exporter offering the highest quality socks at a level of service unknown in our industry. Interloop has now set up a high-tech spinning unit that will ensure finest quality yarn made from the best available natural cotton.600 SQ FT ( 46.232. a combination which increases our customers' edge in a highly competitive marketplace. In pursuance of our goal to achieve and maintain good quality. strict quality control measures. Year Established : 1992 Total Area of Factory: 3.530 SQ FT (58. Interloop is an integral part of this business community.Company profile Interloop started out in 1992 with just 10 knitting machines. It is located in Pakistan's Industrial hub Faisalabad.I: 495. Interloop is a complete vertical unit offering a wide range of price points and needle counts and is on the cutting edge in terms of the latest technology for each production process. also known as the "Manchester of Pakistan". realizing that a commitment to sustainability in all areas of commercial activity endorse the long-term interests of a business. 368 57% 2005 10.879.500 dozens( variable as per terms) 45-60 days after approvals Short lead time possible for repeats Year Volume/Dozens Growth 2003 5.158 26% 2008 20.375.000.592 65% 2004 8.773 24% 2006 12.782.7 Million dozens 2.000 5% 7 .245.7 Million dozens 2.608.Capacity Knitting per month Dyeing per month Packing per month Minimum order qty Minimum Lead time 2.5 Million dozens 2.561 13% 2007 15.000 30% 2009 21.000. • • • • • • WRAP ISO 9001 REV 2000. OKEOTEX. 120N.Certifications Interloop complies with world's most demanding. with specialization in 108N. INTERLOOP offers a wide range of socks in most needle categories.100 SA-8000 ISO-14000 Not only the largest and finest quality sock manufacturer in South Asia. INTERLOOP also has a huge and flexible production capacity that enables us to offer a wide range of high quality socks in thousands of styles for all age groups. Although 8 . quality and social standards. and 168N for Boys. Girls. Ladies and Men. CTPAT. Far Infra Red. rayon. All sport and casual styles are featured including: • • • • • • Walking Running Skiing Tennis Soccer Hiking They can provide our customers socks covering a broad spectrum including the finest quality merino wool socks from special Australian wool to 3-D infants' socks using a seamless toe closure 9 . merino wool.we feature cotton terry socks. Tactel and many other unique fibers. we can offer products made with Coolmax. acrylic. SORBTEK. polypropylene. Our broad variety includes a wide selection of sport and casual socks made from the finest Pakistani cotton and many other natural and man-made yarns. Cordura. " Mission statement To achieve our vision by having. We will diversify in to other fields. An environment that is cost effective and quality conscious. Satisfying the stakeholders at national and international level. 5 Sustained growth in earnings and profitability.Vision statement "We will strive to be one of the leading players in the global hosiery business by providing best value to our stakeholders through improving our processes to match best international practices. "Quality" and "Time" conscious customer service by providing every type of sock. 1 2 3 4 An organizational environment that our employees are our asset. 10 . Its outer surface seems soft and good-looking. o Full Terry o Half Terry o Short Terry o Long Terry 11 . Two types of sinkers may by used during formation of sandwich terry but it depends upon the terry types.SOCKS IDENTIFICATION Many types of socks are produced in the Interloop. There are two ways to identify socks o Fabric wise o Style wise Fabric Wise o Plain / No Terry o Rough Terry/ Normal Terry o Sandwich Terry Plain or No Terry No loops are formed inside the socks. It is also called dress socks Sandwich Terry In this type of sock main yarn runs over platting yarn and under platting yarn This becomes like o Main yarn o Platting yarn o Main yarn If we pick up yarn from outer side of socks. only main yarn will come out. 12 . The rough terry may also be half or full terry. it will glint or shine. it is also called mid calf socks.Normal or Rough Terry: In this sock. Its outer side seems rough and if we put it under ultra violet light. Style Wise Identification • • • • • • • • • • • Crew Socks Quarter Socks Dress Socks Tube Socks Low Cut Sock No Show Socks Football Socks Ankle Socks Arch Support Socks Reverse Terry Socks Miscellaneous Socks Crew Socks It is a complete socks and contains all parts of socks such as welt. long rib. main yarn and platting yarn run side by side during the formation of Normal or Rough terry. ankle. If we pick up yarn from outer side of socks. heel and foot etc. both main yarn and platting yarns will come out. Tube Socks Another style of sock is tube sock. is called ankle socks. Ankle Sock It is very common sock now a day particularly in ladies. is called no show. In this kind of socks. No Show Sock The sock. such kind of socks is called football socks. The height of welt is from 2. Quarter Socks It is also like crew socks but main difference is rib length. the portion below welt and above heel is called leg. 13 .Dress Socks It is like crew socks but does not contain terry inside (loops). Its rib is short (up to quarter length of crew) and rests of the parts are same like crew socks. which remains inside the shoes after wearing and is not visible out side. Football Sock It contains long rib or leg portion normally over the calf. The people normally dress in it. This sock is like long tube. The sock.5 cm-4 cm. which does not have rib and wraps up to ankle of foot. It does not contain any type of heel and it is straight like tube. It is also more popular in ladies. Parts of socks • • • • • • • • • • • • • • Welt Rib Ankle Heel Foot Toe Linking course Clip Tie down Change over Motif Window Stripe Vale 14 .Arch Support Sock The elastic band. which is knitted in the socks normally at foot or ankle. The socks' having such elastic band is called Arch support socks. is called ARCH SUPPORT. Required qualities of a merchandiser are good communication and negotiation skills. Germany Italy Netherlands etc Main customers of Interloop Ltd. They work as a bridge between customer and organization. They are responsible for all the communication like inquiry pricing order conformation status about order delivery loading on vessel is done through this department. American section (America. This department is the family of highly educated and skilled persons.S REEBOOK 15 . Canada. Australia 2. Merchandising process is started from inquiry generation and by passing through various processes. temperament and working capability as a family member. • • • • • • • • • • K MART JCPENNEY SEARS PUMA FILA CALVIN KLEIN GOLD TOE WALMART LEVI. Will to do work is the main requirement of the job. European section (England. They perform their duties from inquiry generation to the delivery of an order. ends at the satisfaction of the end-user. They have two sections 1. who have excellent communication and working skills.Merchandising Department Merchandizing department is 1st department from where the business I started. Merchandising department is the back-bone of Interloop Limited. France. product sampling detail sheet is delivered to the factory by the customer. Sampling: Merchandiser puts the details of the product in Oracle based Production management system. fiber composition. 16 . this form is called sampling request form. on the basis of these details product sample is produced. in which different certifications. color code and size of the socks. fabric construction.• • • • • • • • • • • • TARGET DUNNES Marketing Communication with customer Order confirmation To get approval of sampling Develop and approvals of accessories Production supervision and follow-up Trim card approval Approval of proto samples Order status our delay information forward to the customer They connect the entire department with customer indirect There are certain responsibilities of the merchandiser Merchandising Process: Following are the Merchandising processes in Interloop Limited: Inquiry Generation: Business inquiry is generated by the customer. This form is delivered to the sampling department through system generated mail. This detail covers the socks type. production and quality systems are discussed and after agreement between the customer and the factory. merchandiser enters the detail of the purchase order in the order sheet form. After confirmation of price. and price of the order is not mentioned in this system generated mail. poly bag. this purchase order covers the price. Purchase order: After getting approval of the sample from the customer. UPC and stickers. colors and size of the socks. capacity booking is done and delivery date is also confirmed. stripes. Merchandiser gets the order through this purchase order. so merchandiser is responsible to assure that these accessories should be available in time. Arrangement of Accessories: All accessories to be used in the packing of socks . this mail is delivered to the production planning department and other departments. quantity. Keeping in view of the availability of these accessories delivery date is confirmed. Sometimes we get information from the customer regarding any change in the packing accessories and change in the production process. As merchandiser gets this information. he delivers it to the concerned department and PPC. Delivery of the Order: 17 . he sends purchase order sheet to the merchandiser. Order Follow-up: After the confirmation of the order. most of these accessories are imported. Communication Process: As production is in process communication with the customer is continued. on the basis this purchase order and sampling data sheet from sampling department.e. are arranged by the merchandiser. merchandiser do the costing and negotiation with the customer is done.Merchandiser receives the samples and checks it according to the customer’s given specifications and sends it to the customer.g. to check quality and short fall. When order is near to complete. Surprises happen when delivery date is near. 18 . After the delivery of the shipment to the buyer. this can turn order to suffer. he can communicate with the buyer timely on the delivery date. if knowledge comes late. if any problem occurs and it is knowledge of the merchandiser. merchandisers get L/C and necessary documents and forward it to the export department. so he should keep in touch with the production about the current status of the order. merchandiser informs the export department to arrange container for it.Merchandiser follows his order in production. Surprises are sudden. Officer Merchandising Asst. Officer Marketing Trainee Executive Trainee Executive Trainee Executive 19 . Officer Merchandising Asst. Manager Merchandising Asst. this department has two sections. Manager Marketing Asst. Officer Merchandising Sr. Officer Merchandising Sr.Hierarchy of Merchandising department: Due to work load and number of customers. first section deals with the USA based customers and the second-one deals with the European and Hong Kong based customers. Manager Merchandising Sr. Hierarchy is following: Marketing Director/CEO Marketing Manager USA Marketing Manager Europe Asst. Officer Marketing Officer Merchandising Officer Merchandising Officer Marketing Asst. Planning of the raw materials. Planning of accessories and cartons. Sub-Divisions of PPC: In Interloop Limited PPC is divided into four sub-divisions. these are following: 1.Production Planning and Control (PPC) Department: PPC has a significant importance in Interloop Limited. Trim card/ approved sample delivery to all departments. Hence. Merchandiser has access and link to the other department through PPC. Commercial 5. Work-order 4. Deliver information of a purchase order to all the departments. PPC is a bridge between merchandiser and factory. Planning 3. Through mutual understanding and coordination between merchandising and PPC order information is delivered to all departments. Designing 20 . Merchandiser only gives the surface knowledge to PPC and PPC will explain each and everything to the concerned department. Sampling 2. Responsibilities of PPC: Main responsibilities of PPC are following: • • • • • • • Sampling of the product according to the customers specification. Planning of time and action plan. Ensure the on-time delivery of the order. Types of samples: • • • • Presentation samples.Sampling: Sampling is responsible for producing samples according to the buyer’s specifications. These are made in all sizes. through system generated mail. Shipment samples. Merchandiser sends sample request. Customer pays the production of these samples. colors according to customer’s specification. These are 20-30 dozens in quantity. Sampling has 8 socks knitting machines in production hall. sampling department is doing the same job. 21 . Salesman’s sample: These are shipped to the buyer after the approval of presentation samples. Pre-production samples. which is under observation of a foreman. these samples are made according to buyer’s specifications. after acceptance sampling sends detail to the merchandiser about its availability. then they also gives reasons of it. In absence of the Research & Development Department. if order is not given. Sale-man’s sample. sampling accept it or rejects it. Presentation samples: These samples are also called proto-type samples. if they rejects it. These are 4-16 in numbers according to buyers demand in a single size. Pre-production samples: These samples are made after getting purchase-order. of the Purchase order (P/O) and checks the availability of all the raw materials and then tells the merchandiser about the arrival date of the raw material. Work-order: Work-order gets information from planning and compare this information with the sample data sheet and further production planning is done and all the information is sent to the other production departments e. knitting. sample reference number. These samples show the picture of the bulk production. in order to produce it when it is required. quality assurance. If yarn is not available then it will ask commercial sub-division to arrange it. carton plan loading schedule. Shipment samples: These samples are sends to the buyer when a specific purchase order is being shipped to the buyer.g. processing plan. Its quantity also varies according to customer’s demand. batch store. production time.g. packing. quantity. dyeing recipe. export department. These sheets are named of the concerned department like knitting plan. finishing. processing. Planning: Merchandiser sends order sheet to the planning and work-order division. Sampling department also gathers the information about its production/12 hrs. toe closing plan. packing plan. 22 . These samples show that what will be the quality and production of the product when it will be made in bulk quantity. Planning sub-division does planning e. toe closing. then commercial department confirms it from store and then order it and give available date of the yarn. imported yarns. Planning department tell them that the required yarn is not available in yarn store. It also make designs and knit it. This department is working individually under supervision of PPC department. so that in future. tag pins. 23 . Designing department: Designing department design the motif or a design to be knitted on the socks inhouse for local buyers and export customers also. if that type of design is already practiced then there will be faced no difficulty in re-producing that design.Commercial: Commercial department is responsible of arranging local accessories like cartons. hangers. Knitting Toe Closing Quality Assurance Greige Batch Store Processing Processed Batch Store Trimming Finished Goods Store Reversing Boarding Packing 24 Human Resource Finance/Accounts Administration .Co-ordination among Different Departments of Interloop Limited Customer Merchandising Main Store Production Planning and Control Export Dept. Emotional Capital: Developing a culture which breeds self confidence. • • Social Capital: leveraging social contacts for business and personal gains. are the hallmark of this process. ambition. it is imperative to have a world class HR Function which is able to harness the combined efforts of our people towards achieving excellence in all aspect of our activities. With such a large base of people. We have been able to recruit the best professionals who have taken the company to new heights. Presently. we have more than 8. and an employee advocate. strengthening networks of our people with outside world. Our HR Team has the full capability to be an active business partner. We have a strong people development process which enables us to plan career paths for our executives.000 people working for us. These people are supported by more than 400 executive officers who are providing managerial input and guidance to them. trustworthiness. and imagination of our people. a Change Agent. etc. Our HR philosophy is based on the belief that we can increase our overall Human Capital by improving the following: • Intellectual Capital: Processes which will improve specialized knowledge. The Human Resources department at Interloop is providing precisely the support which the top team is looking for achieving this objective. and courage. Interloop is also a large scale employer. The assessments are done continuously so that our people are ready to face the ever increasing challenges of the corporate world. tacit knowledge. It also helps us to identify areas of improvement for further training by developing a gap analysis. 25 . skills.Human Resource Department: In addition to being the leading Socks Manufacturing Organization in the Country. Developing Leadership capabilities and encouraging team based environment is an essential ingredient. Educate Inter Loop employees on the content of this Environmental Policy Statement and encourage them to practice Environ mentality on the job and at home. This project is recognition of our people's performance & dedication towards Interloop. we are constantly striving to transform Interloop into a more "Caring & Sharing" Company.As a part of our Values. supporting children education. integration of families through social activities. Interloop. 26 . Motivation in the Organization Company provides incentive and different facilities to employees according to their skill and education. Organizational goal setting and planning. Long Service Awards. In this way employees can work better for the Interloop Our founder. knew that our success as a company relied on our ability to encourage innovative ideas and then support their development. At the Inter Loop. We believe that the success of a company comes through its workers and have recently launched an initiative. and guaranteed jobs for our long serving employees are some of the salient features of this program. known as "Project CARE" for this purpose. we manage it to produce the maximum return on our investment. Refresh resources are also providing them to improve their skills to do work in the company according to the requirement. we not only encourage the creative process. Help develop employee forums to identify new ways to advance Environ mentality and recognize innovative and superior efforts The company also motivate the employees by • • Creating a friendly workplace environment Promoting teamwork. INTERLOOP is strongly committed to protect the environment and the health and safety of everybody who plays a part in its operations. Environment.Nijhuis Water Technology from Netherlands was engaged to install Waste Water Treatment Plant for Interloop Limited. an Italy based company dealing in water technology. with the increasing demands of business. or uses our products. Safety. educational literature. www.org)".Inter Loop Company followed Vertical policy making system. our STRENGTH-Employees and shareholders. there are some line of actions which an Organization adopts and follows to uproot or minimize the environmental and hazard safety aspects and its impacts. The planning is done from top to bottom in vertically direction. and Environmental-related. lives not only in our premises but for entire community in which we operate. The effluents from these Water Treatment Plants are being monitored by the Scientists from "National Institute for Biotechnology & Genetic Engineering (NIBGE. All the goals and strategies are made by executives of the company. Environment Keeping in view the climatic changing scenarios of the World. In order to protect the environment and to safeguard the Health and Safety of employees. We are committed to provide everyone directly or indirectly involved in our business activities or under its influence with accurate Health. and information to protect our stakeholders which are our reputed customers.To make a contribution in bringing "Green Revolution". Health & Safety The Environment is top priorities for INTERLOOP in all its business activities. Their executive bodies are responsible for that all. Interloop Management is very much concerned to put in their best for the conservation of environment to make this globe a worth living place. In 2007.nibge. First Effluent Treatment Plant of the Company was operational in 2005 with a capacity of 100 m3/hr. The lower management performs operational tasks so that they can achieve the overall goal of the company. plantation has been carried out on 27 . another Waste Water Treatment Plant with a capacity of 120 m3/hr was set up in cooperation with Joseph Igly Italia. Management has intensively invested in Health and Safety related issues. The Human 28 . four Auto Chemical Dispensing Systems with Italian Technology have been setup in place to avoid human interaction with the chemicals and land contamination. 17. Keeping in view the dual safety of employees and the environment. In addition to being the leading Socks. These people are supported by more than 630 Executive Officers. who are providing managerial input and guidance to them. A team has been established to develop this important area. HEALTH Interloop Limited is exemplary as far as Health and Safety issues are concerned.8 Tones of Wood have been recycled in 2009. Emissions from all sources were calculated throughout the facility in management with SGS Pakistan. Manufacturing Organization in the Country. We are also providing the awareness literature and session on EHS. The Company has standardized itself in line with the National Laws of Pakistan and requirements of our valuable customers/stakeholders. With such a large base of people.All sorts of wastages are segregated from manufacturing processes into recyclables and non recyclables. This plantation is irrigated from treated water. yet to the fact. Interloop is also a large scale employer.500 workforce. the existing training programs are over and above these necessities.experimental basis with NIBGE since 2007. Presently. The initial focus was to impart training according to local laws and various customers requirements. Management is keen to train the employees effectively and efficiently in their respective service areas. Wood is recycled within the facility. A comprehensive plan was carved out in 2007 to meet the legal requirements regarding air pollution. The Company intends to intensify this exercise on a larger scale as soon as the desired results are obtained. we have more than 9. A comprehensive Occupational Health and Safety Management System is in compliance with recently revised Standard of OHSAS 18001:2007. it is imperative to have a world class HR Function which is able to harness the combined efforts of our people towards achieving excellence in all aspect of our activities. All manufacturing areas are equipped with Fire Alarm System compatible with British Standards. trustworthiness etc. As a part of our Values. The assessments are done continuously so that our people are ready to face the ever increasing challenges of the Corporate World. Our HR philosophy is based on the belief that we can increase our overall Human Capital by improving the following: Intellectual Capital: Processes which will improve specialized knowledge. and an employee advocate. which the top team is looking for achieving his objectives. which enable us to plan career paths for our executives. We have been able to recruit the best professionals. known as "Project CARE" for this purpose. We have a strong people development process. and imagination of our people. Developing Leadership capabilities and encouraging team based environment is an essential ingredient. 29 .Resources Department in Interloop is providing precisely the support. Social Capital: Leveraging social contacts for business and personal gains. Emotional Capital: Developing a culture which breeds self confidence. a Change Agent. tacit knowledge. ambition. skills. we are constantly striving to transform Interloop into a more "Caring & Sharing" Company. strengthening networks of our people with outside world. We believe that the success of a company comes through its workers and we have recently launched an initiative. who have taken the Company to the new heights. Our HR Team has the full capability to be an active business partner. It also helps us to identify areas of improvement for further training by developing a gap analysis. and courage. are the hallmark of this process. The aim of construction of these schools is to promote quality and formal education for less privileged children in an environment that encourages intellectual. Each built-a-school project will also be taken up with provision of schools support for three years. The Citizens Foundation (TCF) is engaged in various public welfare projects especially in the field of provision of quality education. Jhang and Chinoit where 10. and contribute to economic development while improving the quality of life of our workforce. At Interloop we believe that profitability and growth. TCF has established over 660 school units nationwide with an enrolment of 92. establishment and management of nonprofit educational institutions. education and sports facilities to the less privileged class of the Country. Interloop Limited will Insha Allah spend an amount of 170 Million Rupees for this 30 . combined with development of our employees and communities and protection of the environment endorse the long-term interests of a business.Corporate Social Responsibilities Interloop has evolved at a pace faster than what anyone might have imagined a decade ago and has shown continuous commitment to behave ethically. moral and spiritual growth. The citizens foundation schools (interloop campuses): Interloop Limited has signed a Memorandum of Understanding (MoU) with The Citizens Foundation (TCF) to construct four Secondary Schools (two for Boys and two for Girls) and six to eight Primary Schools in five years. TCF is a professionally managed. a non-profit organization and one of the Pakistan’s leading organization in the field of formal education. The preference for construction of schools will be given to the rural areas and urban slums of District Faisalabad. and even more in future as well out of own funds including the cost of building. furniture. characterized by extreme poverty where people neither have the means nor access to quality education.000 students including 46 school units in Faisalabad. utilities and vehicles. Interloop believes in playing an active role in social development by providing health. their families and the local community at large.000 students are studying. 97 Million Rupees as three years school support expenses per school. ASSISSTANCE FOR IDP’s OF SWAT / GOJRA: The mass exodus of population from and surrounding areas of Swat was a human tragedy of great dimension. Muzzaffarabad was selected as the appropriate site because of its proximity to water supply. Chattar Kalas Kohala. separate Campuses for Boys and Girls. Interloop has been fortunate in this noble cause. love and kindness.purpose in five years. This has also been made part of Interloop Corporate Objectives. Total cost of Primary Schools will be approximately 113 Million Rupees including 3.e. Land for four schools has been purchased. Every citizen played its part contributing to well being of IDPs (Internally Displaced Persons). Interloop immediately dispatched food items and distributed amongst IDPs of District Nowshera. killing over 80. Moreover. as many local and international organizations stepped 31 . Interloop Limited has constructed four Secondary Schools in March 2010. Eight TCF Primary Schools (Interloop Campuses) will be constructed in next four years (two schools every year). Interloop Limited was second to none in contributing its Corporate Responsibility. Optimism and hope were the galvanizing spirit to accomplish the Corporate Responsibility by Interloop Limited. Construction of two Primary Schools will be completed by end of March 2011 and classes will start in April 2011.000 people and rendering millions homeless. easy road access and availability of electricity. arrangements for provisions of meal for IDPs of Gojra were made through Government Administration Gojra during and after the disturbance period. two TCF Secondary Schools (Interloop – Begum Sarwari Sadiq Campus) in Village 242 / RB Nashua and two TCF Secondary Schools (Interloop – Dobotex Campus) in Village 229 / RB Makuana i. as the people of these areas deserved full support and needed to be treated with sympathy. Earthquake Tent Village: Interloop is proud to be a part of the biggest ever humanitarian aids for the largest natural disaster that ever struck Pakistan in October 2005. Interloop was quick to show solidarity to its countrymen struck by this great catastrophe and immediately chalked out a plan to set up a “Tent Village” in Muzzaffarabad to ease the suffering of the victims. Food was provided with the help of WFP. Special Plants Production: Interloop has embarked upon a Research Project with NIBGE (Nuclear Institute of Bio-Technology and Genetic Engineering) helping to produce special plants to be irrigated with treated water. Interloop was also running a school with the help of UNICEF. Wheat Flour and Company Products etc. The shop includes items like Cooking Oil. All workers can purchase necessities of life on a quota base determined by the Managing Committee. Fair Price Shop: This project aims to reduce the cost of living for Company's employees by providing certain articles of daily use at very cheap rates. Waste Water Treatment Plant: Our Environmental Protection System ensures that all dyes and chemicals used in the Production Process must not contain any harmful substance.forward to help Interloop establish this facility which was designed to accommodate 1500 people. Caritis. Keeping in view its overall plan and facilities. which will absorb colours from the treatment canals. After filtration by these plants. The Waste Water Treatment Plant treats all toxic chemicals and dyes before disposal. a French Organization collaborated with Interloop to install a state-of-theart clean water supply system. 32 . This facility also included pore flush toilets. showers and laundry slabs which were constructed with the help of OXFAM. Tea. All such elements are safely stored and disposed off after use. UNHCR donated bedding and health related arrangements were made in collaboration with WHO and UNICEF. the water in these canals can be used for normal irrigation. Detergent. Sugar. it was declared a "Model Tent Village" by UNHCR. Transport ply and covers the entire routes and area of Faisalabad and Jarranawala cities and all villages in route having turn round radius of 65 KM. round the year during all weather and in all shifts. beyond any social constraints. distinction and satisfaction – the Interloop enjoys in accomplishment of Corporate Social Responsibilities over others. Total monthly outlay of the Company on transport is Rupees 7. Having firm conviction of Social Institution. baby-sitters.Employee Benefits: The Company provides healthy and hygienic food to all employees at nominal price. Health Insurance and on-site Medical Care is provided to all employees. In this regard “Child Care Centre” has been setup in the Mills premises to facilitate female employees. Interloop always encouraged the people to earn their bread & butter.5 Million. 33 . Transport Facility A Leading Edge: Interloop Limited provides pick and drop facility to all its employees. This is the leading edge. Free uniforms. Transport fleet consists of 55 all types of vehicles. During the working hours. their children are being pampered by the motherly. Day Care Center: Interloop has had a solemn pledge to give a peace of mind to his every employee at work. profit & lose and stocks reconciliation is also the responsibility of this section. Accounts statement. Inventory payable is prepared for purchase orders through inventory section. 34 . all transactions are dually checked by audit staff. compiled with required receipt and presented to GM for signing (salary transfer is also included in this vouching).Finance Department All kinds of financial transactions are performed through finance department. Sales tax returns. finance department is divided into three main sections. income tax exemption (company returns) and etc are performed through taxation section. In the setup of INTERLOOP LIMITED. payments including OEBI & social security returns etc. balance sheet. bank dealings. Finance/ Account Inventory Audit & Taxation The procedure that is followed by this department is as under.e. In auditing. Vouchers are prepared for each accounting transaction. All related data is operated by a database and reports are generated through the system. Finance/Account section deals with all financial transactions i. a 200 years old industry not only fuelled the 18th century British Industrial Revolution but also became a pivot for Pakistan's extremely competitive cotton industry.Knitting Department. To achieve even better/matchless quality in our products and to vertically integrate the business. from the bulk storage tanks to Dosing tanks of the dyeing/bleaching machines under close system through pipe line. Regarding NOISE LEVEL Processing . in 2005 successfully diversified itself to another landmark. Spinning Mills Cotton spinning . Knitting is the first production department while manufacturing our product (Socks). "INTERLOOP SPINNING". Different types of auxiliaries/Dyestuff/acids etc. Knitting department houses hundreds of knitting machines located under different halls. 35 . In order to escape these short fibers in the air. While knitting. Interloop. All the auxiliaries/acids are now being dispensed in the machines by latest AUTO DISPENSING EQUIPMENT imported from ITALY. knitting hall has been designed in a way that a very strong SUCTION EQUIPMENT accompanied by very effective HUMIDIFICATION SYSTEM has been imported from ITALY and placed in all the knitting sheds. There is always a huge health risk involved while manual handling of chemicals/dyestuff/acids. All the knitting halls have been designed in a way that adverse effects regarding EHS have been minimized. we can see short fibers of the Cotton yarn present in the air which pollutes the air. are being used in the processing which includes quite TOXIC chemicals. workers have been provided DUST MASKS so that they may even escape from any floating short fiber in the air. Processing is the most sensitive department with respect to EHS while manufacturing of the socks. This has reduced the floatation of short fibers in the air. Moreover. This auto-dispensing system transfers the auxiliaries/acids etc. 400 spindles spinning unit will produce as much as 27. This work force is continuously being trained through training courses in Italy and training on job by Italian and local experts. Cotton Contamination Extraction at Three Stages • • • Manual hand picking of contamination at cotton bale opening stage Auto extraction of contamination by Rieter Vision Shield Foreign fiber extraction by Uster Quantum FFD and white polypropylene extraction by PP-Channel in the yarn winding stage (Auto Cone). This 20.Entering and then distinguishing ourselves from other big players in a well-established industry was an achievement itself.Interloop's fleet of 1.400 plus knitting machines is being continuously updated with latest state of the art equipment.5 tons of yarn everyday ranging from 6/1 to 40/1 in both combed and carded qualities. Interloop has also established a knitters training centre to provide trained main power for its on going expansion programs. This US$ 22million project is equipped with modern hi-tech European machinery ensuring a high-quality yarn making process. Interloop has massive knitting capacity spread over several specialized areas 36 . Interloop's knitting team comprises highly skilled and trained professionals including qualified engineers. Product Faults • • • • • • • • • • • • • • • • • • • • • • • • • • • Main yarn tight Platting yarn shade variations Defective needle used Errata main yarn used at heel and toe Main yarn floating Pattern yarn short Main yarn short Platting yarn over main yarn Main yarn over pattern yarn Platting yarn over pattern yarn Missing tie down stitches Floating elastic at welt Floating pattern yarn Dial jack problems Stretched elastic Jumping elastic Change Over Problems Double Loops Hole Mis-match pattern with Trim Card Oil Stains Sinker faults Needle fault Size Variation Uneven Knitting Wrong Main Yarn Wrong Pattern Yarn 37 . Knitting faults are also checked by QA department e. improving the sources and product standards. extra pattern yarn.e. yarn count. foot size. welt size. quality inspectors supervised by an Officer are performing quality control meticulously for the socks immediately as they produced for the standards i. In each Knitting section.• Wrong Plating Yarn Quality Assurance Department In every high standard organization. pattern yarn shade variation. quality inspectors also ensure the quality standard keeping in mind the knitting faults and stitching faults especially i. physical and chemical properties. yarn short/tight. count. shape/design etc. Oil stains/line. QA is completely equipped to carry any special test requested by the buyer for any specific order/ product. yarn floats. fastness. quality assurance plays a main role to meet the customer’s requirements. flying yarn. wrong yarn. double loops. implemented and maintained a quality management system for this purpose. All kinds of dyes & chemicals whether procured for sourcing/ sampling or for production are thoroughly checked for their purity. QA is completely & physically involved in every stage of production and have its own staff in each department where quality of different processes is checked and reported. Sole purpose of this department is to maintain the standard of quality. knitting behavior and etc. To have a firm grip on the standard required by customer. colors.e. All kinds of accessories for production are thoroughly checked for the standards as requested or required in orders. platting yarn problems. main yarn on pattern yarn. The procedure that is followed by this department is as under. linking yarn etc. documented. Each and every item whether coming in factory for production uses and going out as sales is comprehensively checked and approved by this department. 38 . offering to its customers. rib size. leg size. INTERLOOP has established. linking operation (over lock linking or rosso linking or hand linking). In toe closing sections.g. hole. elastic problem. uneven knitting etc. All kinds of yarns whether procured for sourcing/sampling or for production are thoroughly checked for their colors. 39 . This is also necessary if discoloration or stains have occurred during the previous process. knitting faults. Shade. rubbing. This process is done in normal piece dyeing machines. Dyeing evenness.e. After this process hot wash is given to the socks and the socks are treated with 2% solution of Hydrogen peroxide for a calculated time. The kind of chemicals to be used depends upon the kind of fiber. Processing Processing: Processing is the department where material is bleached/ dyed or washed. it comes possible to maintain the quality standards. as well as in the constructed fabric. linking faults. is keenly observed for quality standards/control as required in orders i.e. After this process we wash socks and then apply OBA (Optical Brightening Agent) to gain a required shine and whiteness.Processing section is also observed for quality control meticulously for socks over the standards i. softness. Bleaching can be done at the yarn stage. washing. accessories faults. packaging faults etc. pilling etc Pressing & packing section. To avoid color mixing or getting shade we do bleaching in separate machines. Bleaching: If cloth is to be finished white or is to be given surface ornamentation. the final inspection is performed in finished goods store and makes it possible at its level best to provide the customer a quality standard product. In this process socks are treated with 3% solution of caustic soda at a 80 0C temperature and then it is neutralized and washed. all natural color must be removed by bleaching. if any faulty product is ignored by QA inspection. being the end user. However. processing faults (shade variation). PH. From the above QA inspection. Dyeing: Dyeing is the process in which we treat the substrate (Socks) with a dye to give it a specific color. which blows hot air into the drying chamber. This process is done for 15 minutes. for nylon and wool dyeing we use acid dyes and it is dyed at 90 0C. This process is also done in bleach machines. Everything is being controlled and monitored on the computer. We use detergent for the washing purpose. For cotton we use reactive dyes (Vinyl Siphon in nature) and it is dyed at 60-65 0C. 40 . Interloop Limited has modern type of dryer. Mostly 250 0C temperature and 50 minutes are given to dry socks. For every type of fiber a different dyes are used. for polyester dyeing we use disperse dyes and the dyeing temperature is 135 0C. Drying depends upon the temperature and time. It has a modern liquid chemicals dispensing unit. These dyes have gas burner installed on it and a blower. Drying: This process is done to dry socks to avoid color bleeding. and or dyeing of acrylic we use basic dyes and the dyeing temperature is 60-70 0C. Each type of dyeing has its own procedure and dyeing temperature.Washing: Washing is done on that type of socks which are yarn dyed. Interloop Limited has a modern processing unit with automatic machines. the function of this machine is to extract water from socks. Hydro: Hydro is a term used for water. which pours liquid into the machine automatically according to the recipe. tone and shade. This process is done to remove knitting oil and stains from the socks. 41 . dry batches are sent to the quality assurance lab. Processing gathers information of the processing from greige batch store and get MTA. Rimming machine has trimming blade and air sucking motor. PPC send them Processing plan. Finishing Finishing process: Finishing process include following processes: • • • • Trimming Reversing Boarding Packing Trimming: Trimming is the process in which protruding yarns are cut by trimming machine. In bulk order. where after testing and getting passed from lab it is sent to the processed batch store. Each recipe has its own identification number. in which recipe is given. and poured into the machine manually. On the basis of MTA Processing recipe is entered in the computer by giving identification number of the specific machine. After achieving a required shade. Liquid chemicals are pored automatically by dispensing unit.Dyeing Process: Processing has a well equipped lab in which dye recipe or bleach recipe is made in the time of sampling stage. which sucks the trimmed yarn into it. But the solid chemicals are got from chemical store. next one would be packing socks in poly 42 . dyeing and Rosso is also done on inner side. On person would be folding socks. In this process we put socks on the board of foot like structure and steam is given to the socks. specs can also be changed by pulling the socks.Reversing: Reversing is the process in which we reverse the side of socks. we put socks on the board and put these boards in the pressing machine where heat is given from both sides. This process is time taking and expensive. Socks is made in inner-side when it comes out of the knitting machine. in this way wrinkles are removed and wales become straight and socks actually gets the shape of the foot. Packing: Packing gets the loading schedule and on the basis of loading schedule packing is done. In Interloop Limited two types of boarding is done. We have a single (general shift) in packing. This process is done manually. next person would be putting socks into the hangers. In this process we put socks on the board of that size and we do Board steam pressing or simple Board pressing by iron heat. Packing staff get the pressed socks from boarding and packing is done in a flow. Boarding Boarding is the term used for the pressing or steam pressing of the socks. this pulling will result in increase of the length . • • Steam Pressing Board pressing Steam pressing is done on the GHIBLI machine. so we do this process on fine gauge socks. so we reverse this side and bring front side up. beside this. the next processes require upper side. Board pressing is done on cheap quality socks. General store contain general items like stationary. next person would be pasting stickers and the last one would packing all the socks in the carton and sealing it. stickers. Interloop has no purchase department so every department generates a Purchase Order (P/O) and gets sign from the concerned Director and submit its copies to all the concerned departments. fillers etc. Stores Interloop has following stores: • • • • • • Main Store Grey Batch Store Finished Batch Store Finished Goods Store Carton Store Chemicals Store Main Store: Main Store has following sections: • • • • Yarn Spare parts General Accessories Yarn store has different types of yarns and counts. Packed socks are stacked in packing area and after every two hours loader of Finished Goods Store would pick them and stack them in stacking area. Spare parts include all types of machinery spare parts. Accessories include poly-bags. computers. tag pins. monitors. tea. 43 . milk. UPC stickers etc.bag or band. Finished Batch Store: After process of processing batch are shifted to the finished batch store. Repeat and regular items stock is maintained.5 lac dozens. Finished batch store has a capacity of storing 1-1. Main Store also manages the Fair Price Shop. Anything going outside the factory two types of pass is generated. annual stock taking is done in July. Goods are issued on the rule of first IN and first OUT. Greige Batch Store: After toe-closing batch of socks are stored in greige batch store and from here batch are issued to the processing for dyeing/bleaching or processing purpose. Every dept. inform the store by mail.5 lac dozens. After every two hours loaders of finished goods store shift cartons through the lift 44 . Greige batch store has a capacity of storing 1-1. raises its demand and store maintains it. from here on the basis of loading schedule and time and action plan. returnable gate pass and non-returnable gate pass. After every three months stock taking is done.When goods arrive at gate Inward Gate Pass (IGP) is made and store staff checks the quality and quantity of goods and Delivery Chelan/Invoice and makes a Store Receiving Statement (SRS). Finished goods stores: After completing of packing process cartons are shifted to the finished goods store. Main Store gives Invoice/Bill with P/O to finance dept and finance will pay the bill to the concerned company/person. then that dept. Greige batch store gives MTA and processing plan to the Processing. If anything of the concerned dept is going outside for any purpose and it will come back again to the factory. batches are issued for reversing or trimming. Yarn is issued two times a day. 45 . concerned dept. requiring carton fills a requisition form and a system generated mail is delivered to the main store.and stack them in stacking area. Finished goods store has a capacity of stacking 50-60 thousand dozens of socks. When a purchase order is completed merchandiser asks export dept. Chemical stores: All types of chemicals used in the process of processing. would get required chemicals from the store. brings that copy and will get cartons. sends page of requisition to the store and store issues the Material Issuance (Store Copy). any dept. to arrange a container. Carton Stores: Carton of all sizes and quality are stored here. Concerned dept. By following loading date finished goods store loaders load the container and packing list is send to the export dept. Concerned dept. raises a requisition report and system generated mail is delivered to the store by the Oracle Software and store issues the Material Issuance (Store Copy) and that dept. waste water plant and Reverse Osmosis Plan are stored here. Shipment Terms: Following are the shipment terms: • • • • • Exit Factory (Ex. custom clearance. and Letter of Credit etc. forwarding. shipping of all the goods being imported or exported. Factory) Free on Board (FOB) Cost & Freight (CNF) Cost. All this process is done Import & Export (I & E) with the co-ordination of Merchandising and PPC. Bill of Lading. custom clearance documents. Other responsibilities are to maintain and deliver the packing list.Imports and Exports Department Import and Export department is responsible for the vessel booking. Insurance & Freight (CIF) Landed Duty Paid (LDP) Custom Stations of Interloop: • • • • • • • Faisalabad Dry Port Lahore Dry Port Faisalabad Airport Lahore Airport Karachi Airport Islamabad Airport Karachi Seaport (Bin Qasim & KPT) 46 . vessel sailing. If L/C is OK then production will be started in the factory. Exporter will send the L/C to its Bank. After custom clearance. vessel is sailed on the ship. when order is placed in the factory. a shipping firm is hired. A Government Certificated Agency is contacted for custom clearance. payment is transferred to the exporters Bank. Exporter Bank will write the letter to the importers Bank to send him. Importer sends the L/C to the exporter and also sends Performa Invoice to Open the L/C. otherwise port dept. Telex Transfer (TT). Invoice. Vessel will be loaded by the goods and this vessel will be shifted to the Dry Port for custom Clearance if vessel is being shipped to the consignee at the right time. For shipping of the goods. Bank will read the terms and conditions and confirm the amendments from the exporter. After clearance from the importer and Importer’s Bank. Importers Bank will send L/C exporters Bank by bank software (SWIFT). Cash Against Documents (CAD). Performa Invoice is the Agreement between the exporter and importer. Packing List and Bill of Lading are sent to the Buyer for opening of L/C. When purchase order is ready to complete merchandiser will ask export dept. to book a vessel for his order. and all this transfer is done by the dry-port (if we are using dry-port). who will book the vessel on the ship and will give us the bill of ladder. if order is late then goods are shifted to Karachi and custom clearance is done there. 47 .Payments Terms: Following are the payment terms: Letter of Credit (L/C). will be responsible of vessel sailing. SWOT Analysis Strength • • • • • • • • Machines Worker facilities and benefits Product specialization (socks) Research and development department More integrate units Skilled operating staff Valued customer profile Information system • • • • • Product line variety Highly groomed professionals Increased labor force per unit Slow carrier path for personal growth De-motivation due to stick control over management Weaknesses Opportunities • • • • • • • Product line enhancement Latest production More effective operational staff utilization Launching their own international brands New customer in different new areas More research and development Reducing wastages and energy technologies for Threats • • • • • • Increased labor cost Increased Customer factory deviation overheads towards (fuel n energy cost) china Bangladesh More investment comparatively the orders attained Compliances issue High efficiencies required due top increased raw material cost 48 . 49 . Walmart and Levis • Skilled operating staff They recruit every year fresh and experienced executives and give them the proper training. • Research and development department R&D department of any organization have the vital role in the progress of that organization. They have qualified researcher and analyst which overcome all the problems which are faced by Interloop. That is why they have good operating staff • More integrate units They have such a setup that most of the departments work like a single unit that is why they have healthy and competitive environment. • Information system They have excellent information and communication system with their employees. customers and stockholders. • Valued customer profile Interloop just deal with the well known retailers which purchase in bulk from them like Nike. Puma.Strengths • Machines Interloope has 2300 machines which run 24 hours that is why they are the largest manufacturer in Asia and there is no competitor of interloop in Pakistan. abruptly effect the Pakistan’s political situation. 50 . • Worker facilities and benefits They facilitate the workers and employees in such a way that they give them bonuses and every worker is benefited if he/she give the best suggestion regarding their work activities to their supervisor. and the change of the policies of the previous govt. should device such policies that are beneficial for the local exporter as well as for the investors. Economical factors The economic condition of Pakistan is not suitable for investment. PEST Analysis Political factors The political situation of Pakistan is not satisfactory and unstable. Govt. Market growth rate is very low and new investors hesitate to invest.• Product specialization (socks) They just produce socks that is why the are specialized in their product and world largest retailers like Nike and Jecy penny are their customers. Increasing inflation rate due to heavy loan make the business environment strict. Due to these entire factors the foreign investor hesitates to invest in Pakistan. Rapid change in the Govt. Actually increase in inflation rate leads to high cost of production so our country products sell out at a high price but with low margin. by the new govt. Applications of class room in the organization. credit and all terms of accounting like pledge. securities etc. 51 . There is a lot of applicability of finance and marketing in the textile sector. mortgage. bond. Company hires the executives by using the method of different recruitments which I studied in the HR course. finance and marketing etc in my study program. statistics. I studied accounting. company is performing excellent for the excellence of organization as well as for the customer. I have done my semester before internship program and in these semesters I learnt a lot which is applicable in this sector and have a scope in textile sector. Interloop takes the vehicles on leasing and purchasing which I studied in my finance course. Company uses the statistical techniques to compare the performance of different group of employees which I studied in my stats course. Due to all these changes. mathematics. Especially hosiery division has incorporated technological development and advancement in their organization.Social factors The change in the lifestyle of the people affects the growing demand of the INTERLOOP products. The change in the lifestyle and needs in different demographics also affect the demand of the customers. Technological Factors Technological advancement in all the sectors of the country has changed the entire socio-economic environment. All the processes of bank required debit. Company use all those financial statements which I learned in my account books. if I did not learn all this then I had to face difficulties but my classroom study help me very much to understand the operations of company. Being a student of BBA (Hons) I find that INTERLOOP is the most appropriate organization for me to learn and doing the work. Some rules and regulations are very strict and that is why at some level employees are de-motivated. They should consult highly experienced professionals. They should decentralize that stages and should empower the employees. They should decrease the labor force per unit. They should also give the benefits to the Pakistani nation by giving them the better quality products. • • • • • They should extend their product line. So that they capture the maximum market.Suggestions and recommendations I would like to give the following suggestions to Interloop. • • • I felt a gap between the talent of executives and their performance. They should launch their international brands in this way their sales will go high. So there is need of effective utilization of operational activities. They should provide efficient carrier path for personal growth. at international level. 52 . There is no proper feedback from employees of the organization to their customer I will improve this feedback immediately. I will agree to promote the job rotation and other activities which are helpful in making the employees of the organization the best employees in the organization Some type of blender did by the employees of the organization that is not good for the image of the organization I shall save such employees from the deterioration the image of organization.If I am the manager of INTERLOOP LTD If I am the manager of INTERLOOP LTD I will try my level best to cover the past mistakes such as the weaknesses of the organization. 53 . I will raise voice to make decisions at local level by keeping in view the local traditions and credentials. I shall maintain such a system that will help employees and customers to maintain self respect of each other. I will arrange a system to understand and share the problems of my employees because a happy and tension free employee is the asset of an organization. I will create the opportunities of jobs for most deserving people. com.railway road Faisalabad Pakistan Factory Address 1km khurrianwala.com-pk 54 .Faisalabad Telephone Fax Email Internet +92414360400 +92414360100
[email protected] of company Office Address Al sadiq plaza.pk http:www.interloop. jarraanwala road khurrianwala . Manager Officer (Imports-Exports) (Merchandizing) (Merchandizing) 03018661252 03028669947 03028669968 http:www.com-pk 55 .References Waheed Iqbal Mirza Saeed Latif Asim Raza Internet Senior Manager Asst.interloop. Annexure 56 .