Chillers

A chiller is a machine that removes heat from a liquid via a vapor-compression or absorption refrigeration cycle. A vapor-compression water chiller comprises the 4 major components of the vapor-compression refrigeration cycle (compressor, evaporator, condenser, and some form of metering device). These machines can implement a variety of refrigerants. Adsorption chillers use municipal water as the refrigerant and benign silica gel as the desiccant. Absorption chillers utilize water as the refrigerant and rely on the strong affinity between the water and a lithium bromide solution to achieve a refrigeration effect. Most often, pure water is chilled, but this water may also contain a percentage of glycol and/or corrosion inhibitors; other fluids such as thin oils can be chilled as well. Contents [hide] 1 Use in air conditioning 2 Use in industry 3 Vapor-Compression Chiller Technology 4 How Adsorption Technology Works 5 How Absorption Technology Works 5. 1 Industrial chiller technology Industrial chiller selection 7 Refrigerants 8 See also 9 References 10 External links [edit] Use in air conditioning In air conditioning systems, chilled water is typically distributed to heat exchangers, or coils, in air handling units, or other type of terminal devices which cool the air in its respective space(s), and then the chilled water is re-circulated back to the chiller to be cooled again. These cooling coils transfer sensible heat and lat ent heat from the air to the chilled water, thus cooling and usually dehumidifying the air stream. A typical chiller for air conditioning applications is rated between 15 to 1500 tons (180,000 to 18,000,000 BTU/h or 53 to 5,300 kW) in cooling capacity. Chilled water temperatures can range from 35 to 45 degrees Fahrenheit or 1. 5 to 7 degrees Celsius, depending upon application requirements. [1] [2] [edit] Use in industry In industrial application, chilled water or other liquid from the chiller is pumped through process or laboratory equipment. Industrial chillers are used for controlled cooling of products, mechanisms and factory machinery in a wide range of industries. They are often used in the plastic industry in injection and blow molding, metal working cutting oils, welding equipment, die-casting and machine tooling, chemical processing, pharmaceutical formulation, food and beverage processing, paper and cement processing, vacuum systems, X-ray diffraction, power supplies and power generation stations, analytical equipment, semiconductors, compressed air and gas cooling. They are also used to cool high-heat specialized items such as MRI machines and lasers, and in hospitals, hotels and campuses. The chillers for industrial applications can be centralized, where each chiller serves multiple cooling needs, or decentralized where each application or machine has its own chiller. Each approach has its advantages. It is also possible to have a combination of both central and decentral chillers, especially if the cooling requirements are the same for some applications or points of use, but not all. Decentral chillers are usually small in size (cooling capacity), usually from 0. 2 tons to 10 tons. Central chillers generally have capacities ranging from ten tons to hundreds or thousands of tons. Chilled water is used to cool and dehumidify air in mid- to large-size commercial, industrial, and institutional (CII) facilities. Water chillers can be either water cooled, air-cooled, or evaporatively cooled. Water-cooled chillers incorporate the use of cooling towers which improve the chillers' thermodynamic effectiveness as compared to air-cooled chillers. This is due to heat rejection at or near the air's wet-bulb temperature rather than the higher, sometimes much higher, dry-bulb temperature. Evaporatively cooled chillers offer efficiencies better than air cooled, but lower than water cooled. Water cooled chillers are typically intended for indoor installation and operation, and are cooled by a separate condenser water loop and connected to outdoor cooling towers to expel heat to the atmosphere. Air Cooled and Evaporatively Cooled chillers are intended for outdoor installation and operation. Air cooled machines are directly cooled by ambient air being mechanically circulated directly through the machine's condenser coil to expel heat to the atmosphere. Evaporatively cooled machines are similar, except they implement a mist of water over the condenser coil to aid in condenser cooling, making the machine more efficient than a traditional air cooled machine. No remote cooling tower is typically required with either of these types of packaged air cooled or evaporatively cooled chillers. Where available, cold water readily available in nearby water bodies might be used directly for cooling, or to replace or supplement cooling towers. The Deep Lake Water Cooling System in Toronto, Canada, is an example. It dispensed with the need for cooling towers, with a significant cut in carbon emissions and energy consumption. It uses cold lake water to cool the chillers, which in turn are used to cool city buildings via a district cooling system. The return water is used to warm the city's drinking water supply which is desirable in this cold climate. Whenever a chiller's heat rejection can be used for a productive purpose, in addition to the cooling function, very high thermal effectivenesses are possible. [edit] Vapor-Compression Chiller Technology There are basically four different types of compressors used in vapor compression chillers: Reciprocating compression, scroll compression, screw-driven compression, and centrifugal compression are all mechanical machines that can be powered by electric motors, steam, or gas turbines. They produce their cooling effect via the â€Å"reverse-Rankine† cycle, also known as ‘vapor-compression'. With evaporative cooling heat rejection, their coefficients-of-performance (COPs) are very high and typically 4. 0 or more. In recent years, application of Variable Speed Drive (VSD) technology has increased efficiencies of vapor compression chillers. The first VSD was applied to centrifugal compressor chillers in the late 1970s and has become the norm as the cost of energy has increased. Now, VSDs are being applied to rotary screw and scroll technology compressors. [edit] How Adsorption Technology Works Adsorption chillers are driven by hot water. This hot water may come from any number of industrial sources including waste heat from industrial processes, prime heat from solar thermal installations or from the exhaust or water jacket heat of a piston engine or turbine. The principle of adsorption is based on the interaction of gases and solids. With adsorption chilling, the molecular interaction between the solid and the gas allow the gas to be adsorbed into the solid. The adsorption chamber of the chiller is filled with solid material, silica gel, eliminating the need for moving parts and eliminating the noise associated with those moving parts. The silica gel creates an extremely low humidity condition that causes the water refrigerant to evaporate at a low temperature. As the water evaporates in the evaporator, it cools the chilled water. The use of a benign silica gel desiccant keeps the maintenance costs and operating costs of adsorption chillers low. edit] How Absorption Technology Works Absorption chillers' thermodynamic cycle are driven by heat source; this heat is usually delivered to the chiller via steam, hot water, or combustion. Compared to electrically powered chillers, they have very low electrical power requirements – very rarely above 15 kW combined consumption for both the solution pump and the refr igerant pump. However, their heat input requirements are large, and their COPs are often 0. 5 (single-effect) to 1. 0 (double-effect). For the same tonnage capacity, they require much larger cooling towers than vapor-compression chillers. However, absorption chillers, from an energy-efficiency point-of-view, excel where cheap, high grade heat or waste heat is readily available. In extremely sunny climates, solar energy has been used to operate absorption chillers. The single effect absorption cycle uses water as the refrigerant and lithium bromide as the absorbent. It is the strong affinity that these two substances have for one another that makes the cycle work. The entire process occurs in almost a complete vacuum. 1. Solution Pump – A dilute lithium bromide solution is collected in the bottom of the absorber shell. From here, a hermetic solution pump moves the solution through a shell and tube heat exchanger for preheating. 2. Generator – After exiting the heat exchanger, the dilute solution moves into the upper shell. The solution surrounds a bundle of tubes which carries either steam or hot water. The steam or hot water transfers heat into the pool of dilute lithium bromide solution. The solution boils, sending refrigerant vapor upward into the condenser and leaving behind concentrated lithium bromide. The concentrated lithium bromide solution moves down to the heat exchanger, where it is cooled by the weak solution being pumped up to the generator. . Condenser – The refrigerant vapor migrates through mist eliminators to the condenser tube bundle. The refrigerant vapor condenses on the tubes. The heat is removed by the cooling water which moves through the inside of the tubes. As the refrigerant condenses, it collects in a trough at the bottom of the condenser. 4. Evaporator â⠂¬â€œ The refrigerant liquid moves from the condenser in the upper shell down to the evaporator in the lower shell and is sprayed over the evaporator tube bundle. Due to the extreme vacuum of the lower shell [6 mm Hg (0. kPa) absolute pressure], the refrigerant liquid boils at approximately 39 °F (3. 9 °C), creating the refrigerant effect. (This vacuum is created by hygroscopic action – the strong affinity lithium bromide has for water – in the Absorber directly below. ) 5. Absorber – As the refrigerant vapor migrates to the absorber from the evaporator, the strong lithium bromide solution from the generator is sprayed over the top of the absorber tube bundle. The strong lithium bromide solution actually pulls the refrigerant vapor into solution, creating the extreme vacuum in the evaporator. The absorption of the refrigerant vapor into the lithium bromide solution also generates heat which is removed by the cooling water. The now dilute lithium bromide solution collects in the bottom of the lower shell, where it flows down to the solution pump. The chilling cycle is now completed and the process begins once again. [edit] Industrial chiller technology Industrial chillers typically come as complete packaged closed-loop systems, including the chiller unit, condenser, and pump station with recirculating pump, expansion valve, no-flow shutdown, internal cold water tank, and temperature control. The internal tank helps maintain cold water temperature and prevents temperature spikes from occurring. Closed loop industrial chillers recirculate a clean coolant or clean water with condition addititives at a constant temperature and pressure to increase the stability and reproducibility of water-cooled machines and instruments. The water flows from the chiller to the application's point of use and back. If the water temperature differentials between inlet and outlet are high, then a large external water tank would be used to store the cold water. In this case the chilled water is not going directly from the chiller to the application, but goes to the external water tank which acts as a sort of â€Å"temperature buffer. † The cold water tank is much larger than the internal water tank. The cold water goes from the external tank to the application and the return hot water from the application goes back to the external tank, not to the chiller. The less common open loop industrial chillers control the temperature of a liquid in an open tank or sump by constantly recirculating it. The liquid is drawn from the tank, pumped through the chiller and back to the tank. An adjustable thermostat senses the makeup liquid temperature, cycling the chiller to maintain a constant temperature in the tank. One of the newer developments in industrial water chillers is the use of water cooling instead of air cooling. In this case the condenser does not cool the hot refrigerant with ambient air, but uses water cooled by a cooling tower. This development allows a reduction in energy requirements by more than 15% and also allows a significant reduction in the size of the chiller due to the small surface area of the water based condenser and the absence of fans. Additionally, the absence of fans allows for significantly reduced noise levels. Most industrial chillers use refrigeration as the media for cooling, but some rely on simpler techniques such as air or water flowing over coils containing the coolant to regulate temperature. Water is the most commonly used coolant within process chillers, although coolant mixtures (mostly water with a coolant additive to enhance heat dissipation) are frequently employed. [edit] Industrial chiller selection Important specifications to consider when searching for industrial chillers include the total life cycle cost, the power source, chiller IP rating, chiller cooling capacity, evaporator capacity, evaporator material, evaporator type, condenser material, condenser capacity, ambient temperature, motor fan type, noise level, internal piping materials, number of compressors, type of compressor, number of fridge circuits, coolant requirements, fluid discharge temperature, and COP (the ratio between the cooling capacity in RT to the energy consumed by the whole chiller in KW). For medium to large chillers this should range from 3. 5-7. 0 with higher values meaning higher efficiency. Chiller efficiency is often specified in kilowatts per refrigeration ton (kW/RT). Process pump specifications that are important to consider include the process flow, process pressure, pump material, elastomer and mechanical shaft seal material, motor voltage, motor electrical class, motor IP rating and pump rating. If the cold water temperature is lower than -5 °C, then a special pump needs to be used to be able to pump the high concentrations of ethylene glycol. Other important specifications include the internal water tank size and materials and full load amperage. Control panel features that should be considered when selecting between industrial chillers include the local control panel, remote control panel, fault indicators, temperature indicators, and pressure indicators. Additional features include emergency alarms, hot gas bypass, city water switchover, and casters. [edit] Refrigerants A vapor-compression chiller uses a refrigerant internally as its working fluid. Many refrigerants options are available; when selecting a chiller, the application cooling temperature requirements and refrigerant's cooling characteristics need to be matched. Important parameters to consider are the operating temperatures and pressures. There are several environmental factors that concern refrigerants, and also affect the future availability for chiller applications. This is a key consideration in intermittent applications where a large chiller may last for 25 years or more. Ozone depletion potential (ODP) and global warming potential (GWP) of the refrigerant need to be considered. ODP and GWP data for some of the more common vapor-compression refrigerants: Refrigerant ODP GWP R-134a 0 1300 R-123 0. 012 120 R-22 0. 05 1700 R401a 0. 027 970 R404a 0 3260 R407a 0 R407c 0 1525 R408a 0. 016 3020 R409a 0. 039 1290 R410a 0 1725 R500 0. 7 R502 0. 18 5600 [edit] See also HVAC Cooling tower Evaporative cooling Chemical engineering Mechanical engineering Architectural engineering Building services engineering [edit] References ^ American Society of Heating and Refrigeration Enginneers http://www. ashrae. org/publications/page/158 ^ Hydronika supplies 5 ton chiller units http://hydronika. com

Askari Bank Report

Company Profile |Products |Sell Offers |Buy Offers |Contact Details | |Askari Bank, one of the leading banks of Pakistan. The bank was founded in 1992, and in the 18 years since, our growth and success patterns have far outgrown industry standards. Askari Bank has expanded into a nationwide presence of 150 branches, and an offshore banking Unit in Bahrain. A shared network of over 1,100 online ATMs covering all major cities in Pakistan supports the delivery channels for customer service. As on December 31, 2007, the bank had equity of PKR 12. 27 billion and total assets of PKR 182. 17 billion, with over 800,000 banking customers, serviced by 6,808 employees. We have reinforced our products with new deposit schemes bearing competitive rates of return and packed with excellent service of first choice. Our modern electronic banking services have been developed with hard work, feedback from stakeholders and research providing better banking solutions. Askaribank continuous growth over the years is based on service to communities and customers by friendly, professional and experienced bankers trained to deliver exceptional banking services. [pic] Corporate Information Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operation on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962. The Bank is listed on Karachi, Lahore and Islamabad Stock Exchanges. Since inception, the bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network which includes Islamic and Agricultural banking. Corporate Social Responsibility is an integral part of the way we do business. In order to fulfill our CSR objectives, we attempt to promote public interest by encouraging community growth and development through sponsoring social service events, supporting education, sports, and environment and also contribute in socio-cultural activities. Awards and Achievements    |   | | » |â€Å"Best Retail Bank in Pakistan† by The Asian Banker. | |   |   | | » |†1st Consumer Choice Award† by the Consumer Association of Pakistan. 2004 | |   |   | | » |†Corporate Excellence Award† by the Management Association of Pakistan (MAP). 002, 2003 & 2004. | |   |   | | » |â€Å"The Best Bank in Pakistan† by Global Finance magazine. 2 001 and 2002. | |   |   | | » |â€Å"Best Consumer Internet Bank† Global Finance magazine. 2002 and 2003. | |   |   | | » |†Euromoney and Asiamoney Awards† 1994, 1996 and 1997. | |   |   | | » |â€Å"Best Presented Annual Accounts† by (ICAP) and (ICAMP). 000, 2001and 2002. | |   |   | | » |â€Å"The Best Presented Annual Accounts† by South Asian Federation of Accountants (SAFA), in the SAARC region. | |   |   | | » |â€Å"The Best Consumer Banking Award 2006† by the Consumer Association of Pakistan. 007 | |   |   | | » |â€Å"The Best Retail Banking Award 2008† by Pakistan Guarantee Export Corporation Ltd. 2008 | |   |   | | » |†Best Corporate Report Award for the year 2008†³ by ICAP & ICMAP. 008 | |   |   | | | | | | | | | | | | | | | |  [p|Branch network | |ic]| | |   | | [pic] | | | | » | |All Branches: | |202 | | | |[pic] | | | | » | |North Region: | |68 | | | |[p ic] | | | | » | Center Region: | |66 | | | |[pic] | | | | » | |South Region: | |68 | | | |[pic] | | | [pic][pic][pic][pic] Top of Form [pic][pic] Bottom of Form †¢ Home †¢ Reports o Accounting o Management o Marketing †¢ Articles †¢ Internship †¢ Presentations Askari Bank Internship Report Posted by reports On September – 22 – 2010 Comments Off EXECUTIVE SUMMARY: The Department of Administrative Sciences offers Masters degree in Business Administration. They are giving the best education and are offering for specialization, financial management, marketing management, human resource management and computer application to business. An important program is six to eight weeks internship with any recognized institution. I decided to take up Askari Bank Limited for my internship because it is a competing Bank nowadays and gives a good training to the internees. So in order to learn more this was my choice. This report is about my internship that I have undergone at Askari Bank Limited Multan Branch from 2nd June 2008 to 18th July 08. During my internship I am able to learn practical aspect of business, and get good working experience. On the very first day of my internship I reported to Operation Manager Mr. Noor ul Islam. He gave me small introduction of the Bank and introduced me to the staff of the Bank. Every internee is rotated among the Bank’s departments and so was I. This rotation is done in order to have general concept regarding Bank’s functions, operations and policies. In this rotation the stay in department is usually a week. I have learned more about the Basic Banking, Credits and Foreign Trade department and have given below the caption of activities I was involved in during the period of six weeks. During my internship I found that Askari Bank is a best Bank in Multan because most of the Exports and Imports in Multan are done through this Bank. Multan is one of the cotton growing cities of Pakistan. Most of the businesses in Multan are directly or indirectly linked to cotton that is also the case with Askari Bank’s clients. Because Multan is an Agricultural City, and its major export is Cotton and Mango. So its export is done on seasonal basis. In the season of cotton and Mango export Askari Bank get its target easily but difficult for it to get its target in the off season. Low profit rates used to be one of the major reasons for not meeting the deposit targets. The profit rates on Askari deposit schemes were quite low when compared with other Banks especially with the National Saving Centers, but now Askari Bank is giving a comparatively high profit rates to its customers. In today’s every customer is a rational customer, he knows the value of money and wants a best return on his money. INTRODUCTION TO BANK: Askari Bank Limited (AKBL) works as a Unit of Army Welfare Trust was established for the Welfare of Army Officials. The office of Army Welfare Trust is situated at AWT Plaza, Rawalpindi. AWT offers the â€Å"AWT Saving Scheme† to the army officials only. AWT has its units as under: †¢ Askari Associates. †¢ Askari Leasing. †¢ Askari General. †¢ Private Business. †¢ Textile Mills. †¢ Cement Industry. †¢ Askari Commercial Bank. Askari Bank Limited was incorporated on October 9, 1991, as a Public Limited Company, and is listed on Karachi, Lahore and Islamabad Stock Exchanges. The Bank obtained business commencement certificate on February 26, 1992 and started operations form April 1, 1992. Askari Bank is scheduled Commercial Bank and is principally engaged in the business of Banking as defined in the Banking Companies Ordinance 1962. Askari Bank Limited continues to scale new heights in all areas of its operations. The safety and security of depositor’s funds, high productivity and optimum use of technology are the hallmarks of its corporate strength. In 1994, AKBL earned international recognition as Asia Money Award and the title of â€Å"Best Commercial Bank of Pakistan† for the year 1994, while Euro money declared the Bank as best domestic Bank of Pakistan for the year 1995. ASKARI BANK LIMITED MULTAN Askari Bank Limited Multan was inaugurated on December 28,1994. It is located on Abdali Road Opposite to PIA Office. The location is connected to all the main trade centers in Multan. It is a prosperous branch streaming towards great achievements. At the time of its establishment the factored who were considered are as follows †¢ Multan is zone covering a large population. †¢ Multan City is linked to many big cities. Agro based area constituting growers and gainers †¢ Army Offices & Fort Colony †¢ Educational Institution DEPARTMENTS: The bank has following department: †¢ Account Opening department †¢ ATM Department †¢ Credit Card Department †¢ Account Department †¢ Credit Department †¢ Remittance Department †¢ Foreign Trade Department †¢ Cash Department ACCOUNT OPENING DEPARTME NT Borrowing funds from different sources has become an essential feature of today’s business enterprises. But in the case of a bank borrowing funds from outside parties is al l the more vital because the entire banking system is based on it. The borrowed capital of a bank is much greater their own capital. Banks borrowing is mostly in the form of deposits. These deposits are lent out to different parties. Such deposit creation is done through opening an account in the Bank. In AKBL Multan Mr. Sheeraz Hassan is operating the account opening department along with performing some auxiliary functions of Check Book Issuing TYPES OF ACCOUNTS In AKBL, there are the following types of accounts: †¢ Current account. †¢ Saving Account. †¢ Askari Special Deposit Account. (ASDA) †¢ Basic Banking account †¢ Term Deposit. CURRENT ACCOUNT In current account there is no interest on it. It is for only transaction purposes. They are paid on demand. When a banker accepts a demand deposit, he incurs the obligation of the paying all cheques drawn against him to the extended of the balance in the account. As there is no profit paid on this account it is also called chequing account because cheques can be drawn on it. Current account is mostly opened for business. SAVING ACCOUNT The purpose of this account is to induce the habit of saving individuals in the neighborhood. The minimum deposit for opening the account is Rs. 1050/- (as obvious in the Annexure). Though individuals open such accounts for saving purpose, persons belonging to Armed forces and different military institutions are free to use this account on current basis. ASKARI SPECIAL DEPOSIT ACCOUNTANT ASDA account is an interest bearing current account interest is paid. The payment of return is monthly, where as the rate of return with aspect to the amount of minimum deposit clear from deposit schedules in following table). It is also chequing account because cheques can be drawn on it. It is necessary for this account that the client must maintain a minimum balance of Rs. 0,000 at the end of the month. That’s why it is similar to current account. It is mostly opened by Business but individuals too open this account. Tax of 0. 3% would be deducted on ASDA if withdrawals are more than Rs. 25,000. TERM DEPOSITS A term deposit is a deposit that is made for a certain periods of time at the end of the specific period. the customer   is allowed to with draw the principle a mount . AKBLs Term deposits are of types clear in the deposit scheme in the table). One of them is â€Å"Askari† Advantage one month. The rate of return on this account is set by head office. The term deposit account vary one month to 1 year for all following accounts (as clear from Deposit Scheme in the table). †¢ The amount of profit is given to depositors in three ways: †¢ By cash †¢ By sending a bank Draft to depositors Home address or Officers or whichever is specified as mailing Address. †¢ The amount is credited in any one of the checking Accounts of the depositor. ACCOUNT OPENING PROCEDURE Fro the chequing accounts (C/A, ASDA, SAVING), there are different types of account holders are required for all these types of account holders. The operation /procedure requirement that is needed for † Individual Account † differ greatly from † Joint account † proprietorship â€Å"Partner ship â€Å", â€Å"Limited Company† and â€Å"Club society   or Association † as explained below. INDIVIDUAL’S ACCOUNT When a single man or women opens an account in his/her own name and has the right to operate it is called individual Account. DOCUMENTATION REQUIREMENT For literate person copy of National Identity Card is required as a primary requirement. For illiterate person and Veiled Women, along with the copy of National Identity Card requirement he or she must come in person for opening the account. OPERATION †¢ The person place a â€Å"Check Mark † in the type of account and type of operation required †¢ He/She fills in part-I of the form , a fix his /her either two or four similar signature   (or thumb expression   in the signature space and get it introduced and signed by a person   who already has an account with the bank and write his account no in the specific rows in a specific space. †¢ The person fills in â€Å"next of Kin † position where he/she father, mother, husband/wife or any other relative’s name, his /her address, phone no and affix his/her signature to certify this requirement. This requirement is needed because in his/her absence bank can have correspondence with the specific person. †¢ The person put her /his signature († or thumb expression) on the signature Specimen Card (SS CARD) similar in the area on the form. One the back of S. S card mailing address, telephone no, Person to contact and introducer space is filled in. All these requirement are necessary for future †¢ The person deposits the initial amount for opening account on to the cash counter. The person put his signature on form -A (check book requisition) on two places in â€Å"authorized signature† and fills in the â€Å"Title of Account space by writing his name. †¢ If the person put his signature in Urdu or any language other than English, he signed a â€Å"Vernacular form† where under take that affixed signature are original and his own signature and two postal size photos are needed. †¢ The next day is the opening of account. JOINT ACCOUNT When two or more persons, neither partners, nor trustees, open an in their name is called joint Account. Husband and wife or two persons of same sex can open joint account. DOCUMENTATION For joint account copy of National Identity Card of all the persons is obtained other things remaining same as in individuals account. OPERATION †¢ The person checks the type of amount and type of operation required in the respective box on the form. †¢ The persons fill in the Part-I and part-II in the form. †¢ Signatures of both persons are obtained on the form in the area specified for signature and S. S. Card. †¢ In the title of account space names of all the persons are mentioned. †¢ Accounts holder specified in the form that they will operate the form singly or jointly. PROPRIETORSHIP ACCOUNT When an owner of a firm operating singly, opens an account in his firm name, this account is called a proprietorship Account the proper himself liable for all his acts. DOCUMENTATION REQUIRED For this kind of account, an application for opening the account on the firm letter -pad (having the firm name) is required along with the NIC Card of proprietor. OPERATION All operation remains the same except that the firm name is written in the â€Å"Title of the Account† area and signature of the proprietor are affixed in the S. S. Card and the area specified for signatures on the form. PARTNER SHIP ACCOUNT The account is opened in the firm name and all partner designate one two persons to act on behalf of the partner ship firmer all acts on behalf of firm. The partners in the partnership firm are liable for the acts of the firm jointly and severely. Every partner has in a firm has an implied authority bind his co. partners by drawing and enclosed cheques. DOCUMENTATIONS †¢ Copy of N. I. C card of all partners †¢ Application to open the account on the firm letter pad. †¢ Partner ship deed in case registered partnership firm. †¢ Letter showing the implied Authority of one or more partners to act on behalf of the firm. In case of non -registered partnership firm, understanding on behalf of the firm to remain liable for all acts of the firm. †¢ Name, address of all partners is written on the pad. OPERATION All other requirement remain same except that the form is dully signed by all partners cards are signed by all those partners who will act on behalf of the firm and along filling part-I , Part-Iv is also filled. LIMITED COMPANY ACCOUNT This account is for limited companies. In order to facilitate their transaction with outside parties, bank provides many facilities. DOCUMENTATION REQUIRED Memorandum of Association. †¢ Articles of the Association †¢ Resolution of the Board of Director. †¢ Certificate of Incorporation. †¢ Certificate of commencement of business †¢ N-I-C OPERATION The persons authorized in the Resolution of the Board of Directors put their signatures on S. S Cards. Next of kin â€Å"requirement â€Å"is not need in case of a Limited Company. After completing each and every formality, introducer signature is verified by S. S card and is stamped â€Å"Verified† customer signatures are admitted by stamping â€Å"Admitting† near signature and again signatures on S. S card are admitted in the same way. The same process of verification and admission of the signatures is repeated on Form-A and next of Kin area. After completing each and every formality, Accountant is open in the computer by writing name, address, A/C Number etc. LETTER OF THE THANKS At the start of the letter 2nd day, AKBL issues letter of thanks to â€Å"Account opener† and â€Å"account opener† and † Account Introducer † for the trust the have on AKBL. CHECK BOOK ISSUING Check books are issued only for checking account such as current Account, saving Account and ASDA Account. They are not issued for other fixed and term deposits because of their Long term Accounts â€Å"nature. † ISSUING PROCEDURE †¢ Signatures on cheque – book requisition are verified by matching with signatures on SS. †¢ Cheque – book leaves number, account number, account holder’s name are mentioned in the cheque- book is made by mentioning the and the total of sum of excise duty and provincial tax. †¢ The name of A/c holder and date of cheque – book issuance is written on cheque – book requisition the account-opening officer puts his initials on requisition leave. A/c number is stamped over the leaves of cheque – book and finally authorized person affix his   signature over the debit voucher   and he voucher is attached from the cheque book and is handed   over to the customer . RECEIVING INWARD CHEQUES Another responsibility and function of account Opening Department is to receive Inward cheques for collection of o ther Banks as well as of AKBL . Then these cheques are sent to clearing official who clears these checks at SBP from other banks. ACCOUNT CLOSING Account is closed on the written request of the customer AKBL free of cost. But to surrender the cheque book yet if some leaves are yet to be write to the bank as a necessary requirements for closing the account. PROCEDURE †¢ The customer for individuals account write an application to the manager of the bank an a simple paper about the closing of his account with the bank (In case of proprietor ship partnership and limited company account the application should be written an firm or company letter –head) †¢ The individual or in case of other type- proprietor firm and company surrender the cheque book to the bank. The cheque book is then torn from one side and is attached with the application. †¢ In case of Ltd. Company account resolution of the board of directors is also obtained to attach it with the application. †¢ The account opening form of the account holder is taken from the account-opening file, and the application, cheque book, and resolution of board of directors in case of limited company account are attached with the fo rm. †¢ Lastly, it is written in â€Å"Red Ink on the form that account closed† and â€Å"Date of account closing. † EVERYDAY POSTING Following transaction of cheque book is posted:- Dr_____________ party A/c  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   50(for 10 leaves) Rs 5/leave. ATM- CARDS DEPARTMENT This department deals in issuing   ATM-Card, term deposits and Askari Bachat Certificate. Mr. Sheeraz Hassan deals this department. ATM CARD ATM – Cards are only issue to Account Holder ISSUING PROCEDURE †¢ The person, first open the account within the blank. †¢ Then he fills the ATM application form in which name of account holder, Fathers name account number and   N. I. Card number are mentioned. †¢ A copy of N. I. card is also attached with the application form. After completing this process, the application package is sent to head office †¢ ACBL head office takes a period of 3-4 weeks for preparing and processing of ATM – cards. First, list of card holder is issued and then after 15 days cards are send to ACBL’s issuing branch. The card and list are not sent si multaneously in order to avoid any mishandling. †¢ ACBL takes Rs. 350/- for 1st time issuance as charges for a card †¢ Biannually takes Rs 75. ACCOUNTING DEPARTMENT Accounts department is a department which deals and checks all the activity of all the department . It also deals in expression of finance of the bank. Salary payment is also one function of the bank. CHECKING BANK’S DAILY ACTIVITY Accounts department deals and checks the entire working of the Branch; all the vouchers that have been posted at the computer are scrutinized in accounts department. The â€Å"End of Day† i. e. computer print is also received from the computer. The next day the activity is separated some statements from the â€Å"End of Day†. Then next day activity separated some statements from the â€Å"End of Day†. The vouchers are sorted   out head wise. The vouchers are matched with the entries in the statements. Any abnormality if occurs, is immediately dealt with. All the vouchers and instruction are checked individually are checked individually against the computer printouts. After checking they are signed by Mr. .Naeem Shehzad and the internal auditor Mr. Shafiq. OTHER ACTIVITIES †¢ Preparation of daily bank positions statement †¢ Payment of salaries †¢ Preparation of the statements †¢ Depreciation calculation †¢ Lockers Issuance REMITTANCE DEPARTMENT: The need of remittance is commonly felt is commercial life particularly and in everyday life generally. The main function of the remittance department is to transmit money from one place to another. By providing this service to the customer, Bank earns a lot of income. Also customer is able to meet its day to day financial requirements. Demand Draft: It is an instrument payable on demand for which value has been received, issued by the branch of the Bank drawn i. e. payable at some other place (branch) of the same Bank. If two Banks are involved then the DD is sent to other Bank but in other case it is handed over to the applicant. Issuance Procedure: A demand draft application is given to the customer, he fills in relevant information and signs it. †¢ The officer checks the information form. †¢ The Bank charges such as commission, excise duty is charged as per effective schedule of charges. If he fills the tax exemption form, tax is not charged. †¢ In case of cash deposit, the cashier counts the amount and signs the DD application and enters it in the register. †¢ Then the officer of remittance department signs it and operation manager counter signs it. †¢ The entry is made in the DD issuing register, DD is given to the customer. Vouchers are prepared and posted. †¢ DD advises are printed and mailed to the respective branch. Payment Procedure: †¢ The Bank receives DD. †¢ The DD credit advice is received through mail. The numbers are checked and signatures are verified. †¢ An entry is made on the DD payable register and the vouchers are made. †¢ DD credit is attached with the vouchers and given for posting to the computer. †¢ When DD is received the test numbers are checked and the payment is made. †¢ Vouchers are given for posting and the entry that was made in the register is closed i. e. DD payable is Nil. Pay Order: It is an instrument issued for payment in same city. Pay order issued from on e branch can only be payable from the same branch. It is normally referred to as Banker’s cheque. It is also called confirmed cheque, because   Bank issues this on it own guarantee. Issuance Procedure: †¢ The standard form is given to the customer. He fills in the details and signs it. †¢ The concerned officer checks the form. †¢ Bank charges (or commission) as per the schedule of charges and the withholding tax of 0. 3% are applied. †¢ The cash amount of the pay order is received. A cash memo is signed, stamped and handed over to the applicant as a receipt. †¢ Then the pay order receipt is filled accordingly. †¢ Counter foil is also filled. †¢ An entry is made in the pay order issue register. †¢ Then the authorized officer signs it after checking the pay order. †¢ The order is then handed over to the applicant after obtaining his signature on the PO Form. †¢ A voucher is also made and posted at the computer. Payment Procedure: †¢ On presentation of the pay order receipt, two authorized officers of the branch sign the receipt. †¢ PO entry is made in the PO issue register. Then the amount is credited to the account of the customer or pain in cash. †¢ PO is posted at the computer. Outward Bills for Collection: The bills, which are received by the Bank and sent to other cities (branches) for the local clearing in that city, are called Outward Bills for Collection. Procedure: †¢ The cheques that are of other cities are separated. †¢ They are entered in the OBC Register and OBC numbers are given to them. †¢ The OBC forwarding schedules are prepared for different branches. †¢ The respective cheques are attached with the schedule. †¢ The office copy is filled and original schedule is mailed. On clearing, the respective Banks send back the OBCs along with the IBCA (Inter Branch Credit Advice). †¢ The OBC numbers are checked from the OBC register, after that entries are made. †¢ Commission charges are deducted from the account. Inward Bills for Collection: The bills, which are received by the Bank from other branches out of the city for local clearing are called Inward Bills for Collection. Procedure: †¢ The OBC of other branches will be the IBC of this branch. So an OBC forwarding schedule is received by mail. †¢ The cheques are entered in the IBC register. The IBC numbers are allotted to them. †¢ The cheques are lodged for clearing. †¢ After realization, an IBCA is prepared and mailed to the branch from where the cheque was received. †¢ At the end of the day, two vouchers are prepared and posted. FOREIGN TRADE DEPARTMENT Foreign trade department deals in: †¢ Foreign currency account †¢ Exports †¢ Imports FOREIGN CURRENCY ACCOUNT Mainly this account deals in individual, personal and companies account CRITERIA FOR OPENING FOREIGN CURRENCY ACCOUNT There are not hard and fast rules for becoming the Foreign Currency Account holder. Bank wants only introduction of the Client and very little about the background. I. D card is also not necessary, if someone has; well and good, otherwise no restriction will be there for him. FEATURES OF FOREIGN CURRENCY ACCOUNTS †¢ There will be legal protection for the account holders. †¢ According to foreign exchange rules and regulation every citizen of Pakistan, either within the Pakistan or outside the Pakistan, can open the foreign currency account. †¢ Resident firms and Resident Companies including investment Banks can open Foreign Currency Accounts. All foreign nationals and foreign Companies in Pakistan or abroad can open Foreign Currency Accounts. †¢ Opening of Foreign Currency Accounts in the joint names of residents/non-residents is permissible. Foreign Currency can be deposited by: †¢ Remittance received from abroad †¢ Foreign Currency Notes †¢ There will be no restriction and questioning to him about the currency, which he wants to d eposit that from where he got that money. †¢ No Zakat will be deducted on these accounts; no Income Tax deduction, no Wealth Tax deduction will be there. These incentives reinforce and motivated the people to invest in foreign currency accounts rather to keep the foreign currency idle. †¢ Foreign currency accounts can easily be transferred from one person to another, one place to another, with in the ACBL Branches or in other Bank. †¢ The account holder can transfer the funds freely, in any currency to any part of the world. †¢ Foreign currency Accounts can be used for payment of purchases at Duty Free shops. FACILITIES This account provides following facilities: †¢ Traveling quota †¢ Out ward remittances †¢ In ward remittances receiving To make remittances procedure flexible EXPORT Mainly export deals in: †¢ Negotiation of documents †¢ Sending the documents for collection †¢ Pre-shipment financing †¢ Post-shipment financing â⠂¬ ¢ Remittance against agent commission †¢ Forward covered booking †¢ Handling the documents for negotiation according to the UCP 500 (uniform custom and practices) †¢ Handling the documents for collection according to URR (uniform rules for collection) †¢ Submission of monthly returns to SBP regarding the export on form A-2/O-2 IMPORT †¢ Opening the letter of credit Scrutinize the documents receive from flowing bank under letter of credit. Account to UCP 500 and extending the credit facility to the importer informs FIM (finance against imported merchandise) FATR (finance against trust receipt). †¢ Arrange forward cover booking regarding import payments †¢ Also arrange forward cover booking for letter of credit open other then ACBL †¢ Submission of monthly returns to SBP regarding the import on form I SWOT ANALYSIS SWOT (Strength, Weaknesses, Opportunities & Threats) analysis of AKBL is described below: Strengths: AKBL has got a well-develope d on-line system in most of its branches. Remittance Department is working very efficiently in transferring the funds of people due to this system. †¢ The Bank has also started ATM facility in most of its branches. 24-hour Banking is new trend in Pakistan and AKBL has also taken apart in this trend. †¢ One distinctive feature of the Bank is that it is the only Bank working for the welfare of army officers, which was established by Army Welfare Trust. †¢ The productivity of the Bank is very good. Bank is providing a high quality service to its customers. AKBL have strength that most of the imports which are done in Multan are handle by AKBL Multan. Weaknesses: †¢ AKBL has lesser number of branches as compared to many other branches. Due to this problem, army officers can not avail the benefits of their own Bank. †¢ The human resource department is not performing the function of selection and recruitment very effectively. Selection process is not on merit due to which competent persons cannot be selected. †¢ Bank should boost the product development and increase the range of facilities offered for customers. Bank is weak in its credit management. Bank should lend to very sound parties and increase its payment rate. Opportunities: †¢ Govt. is taking very bold steps to promote IT in Pakistan. AKBL has an opportunity to improve in technology. †¢ AKBL is surrounded by many competitors. It has an opportunity to do aggressive marketing to increase its business. †¢ AKBL may increase its branches in competitive areas Threats: †¢ AKBL has many competitors, which are continuously increasing its products and marketing aggressively. It may cause its customers to shift to competitors. Some other Banks have competent taskforce, which is also a threat for AKBL. Because human resource is the most valuable resource. †¢ Due to the increased bad situation of Pakistan in which army is considered to be involved increase the freq uency of withdrawals, which would decrease deposits. Financial Analysis: Financial Highlights The current year’s profit (2007) after taxation of the bank stood at Rs. 2,681,012 as compared to Rs. 2,249,974 for last year. The deposits decreased by 16. 49% to Rs. 11,197,424 as against Rs. 13,044,593 as on 31 Dec 2006. The loans and advances figure stood at R. 5,521,030 reflect on the improving market image of Askari Bank as a formidable financial institution. Ratio Analysis The information contained in the four basic financial statements is of major significance to various interested parties who regularly need to have relative measures of the company’s operating efficiency. Relative is the key word here, because the analysis of financial statements is based on the use of ratios or relative values. Ratio analysis involves methods of calculating and interpreting financial ratios to analyze and monitor the firm’s performance. The basic inputs to ratio analysis are the firm’s income statement and balance sheet. |Ratios |2007 |2006 | |Current ratio |1. 03 |1. 04 | |Total asst turnover |0. 11 |0. 09 | |Debt ratio |0. 93 |0. 3 | |Gross Profit margin |0. 11 |0. 22 | |Operating profit margin |0. 21 |0. 12 | |Net profit margin |0. 22 |0. 26 | |ROA |0. 02 |0. 02 | Earning asset to total assets Earning assets are the assets which are very important for any company for the bank earning assets are the assets on which bank can earn its profit which may includes loans, advances, operating fixed assets and other assets on the loans and advances bank can make profit by giving or investing in some where so Askari Bank has increased it’s earning assets in the year 2007 as compared to the previous year that show the good trend in the profitability of the Askari bank and the customer believe on the Bank. Ratio tells that on what percentage earning assets contribute the total assets. Well bank also has increased it’s earning assets ratio shows the more profitability of the bank as it can be shown by the profit and loss account of the 2007 that shows the net mark up income more for the year as compared to the previous year so bank is going gradually to the more profitability by giving more advances and loans. Earning assets ASSETS |2007 | | | | |Cash |13356055 | |Balances with other banks |3497054 | |Lending |14444143 | |Investments |39431005 | |Advances |100780162 | |Operating fixed assets |5128428 | |Total earning Assets |176636847 | |Other assets |5535038 | | | | |TOTAL |182171885 | Total Earning Assets:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Rs. 176636847 Formula: Earning Assets / Total Assets = 176636847 / 182171885 = 0. 969616 Return on earning asset This ratio indicates the how much of earn ing assets take part in making of the profit before taxation. This ratio is decreased during the year. Why   is it so it has different reasons these are as follows Profit before taxation was more in the previous year as compared to the year 2007 because bank has low expenses and less provision for the bad debts and also bank has small investments and limited loans and advances but in 2007 situation has changed and bank increased its loans and advances. Earning assets were also low in the previous year as compared to the 2007 so overall ratio has been decreased but shows the good trend for the making of long term planning Formula: Profit after tax / earning assets = 2,681,012 / 176636847 = . 015 Loan loss coverage ratio This important figure is a reserve account to cover unexpected defaults on loans by borrowers. These are generally referred to as no performing loans. The higher the no performing loan and charge-off percentages, the higher the provision for loan losses should probably be. Consequently, this would reduce net income and earnings per share. Well in the year 2007 bank’s this ratio has been increased to a great extent due to different reasons theses are as follows. Profit before taxation is low for the 2007 due to more expenses because bank is in expanding mode that’s why its expenses are increasing day by day. Provisions and bad debts also increased in the year 2007 because bank also has invested more in this year and ad more also granted more loans. Formula: Provision against non-performing loan and advances / profit (loss) before tax = 3,920,240 / 2,299,785 = 1. 70 Loan to deposit Well there is a concept that bank’s loans are its assets while its deposits are liabilities. But if a bank has low deposits then obviously it will give low loans because bank gives it’s loans by the deposits and earn on the loans then pay mark up on the deposits to the customers. Well bank has increased its loans to deposits ratio in the year 2007 showing its more deposits as well more loans and that is good for the bank to remain in the market and to penetrate in the market. But profit has not increased with the same ratio because Bank has low mark up rates Bank has more capacity for provisions Formula: Loans / deposit = 14444143 / 11,197,424 = 1. 289 Current ratio This ratio indicates the liquidity of the bank. Well this ratio has been decreased but nt much decreased during the year to a small extent due to Bank has increased its deposits so liabilities have been increased. Bank has increased its assets as well to overcome the liabilities. So overall we can say bank is the liquid enough to pay its liabilities Formula : Current assets / current liabilities = 171508419 / 166214583 = 1. 03 Debt Ratio: Debt ratio remained the same in previous year it was . 93 and in 2007 its again 0. 93. Bank has not decreased its debt ratio in 2007. Net Profit Margin: Net profit margin of a bank has been increased from 0. 12 to 0. 21. Horizontal and vertical analysis Comparing analytical data for a current period with similar computations for prior years affords some basis for judging whether the condition of the business is improving or worsening. This comparison of data over time is called as horizontal or trend analysis, to express the idea of reviewing data for a number of consecutive periods. It is distinguished from vertical analysis or static analysis which refers to the review of the financial information of only one accounting period. HORIZONTAL ANALYSIS Balance sheet accounts | |2007 | |2006 | |%age | |ASSETS | | | | | | | | | | | | | | | |Cash | |13356055 | |14879230 |-1523175 |-10. 2369 | |balances wid other banks | |3497054 | |7333002 |-3835948 |-52. 3107 | |Lendings | |14444143 | |8392950 |6051193 |72. 9852 | |Investments | |39431005 | |28625915 |10805090 |37. 74583 | |Advances | |100780162 | |99179372 |1600790 |1. 614035 | |o. fixd assets | |5128428 | |3810331 |1318097 |34. 59272 | |defferd tax assets | | | | | | | |other assets | |5535038 | |3812788 |1722250 |45. 7036 | | | | | | | | | |TOTAL | |182171885 | |166033588 |16138297 |9. 719899 | | | | | | | | | |LIABILITIES | | | | | | | | | | | | | | | |bills payable | |2627051 | |1839077 |787974 |42. 4617 | |Borrowings | |17553525 | |14964087 |2589438 |17. 30435 | |deposits&other acc | |143036707 | |131839283 |11197424 |8. 493238 | |sub-ord loans | |2997300 | |2998500 |-1200 |-0. 04002 | |liabl against assets | | | | | | | |deferred tax liab | |471519 | |736298 |-264779 |-35. 608 | |other liab | |3219796 | |2603113 |616683 |23. 69021 | | | | | | | | | |TOTAL | |169905898 | |154980358 |14925540 |9. 630601 | | | | | | | | | |Net assets | |12265987 | |11053230 |1212757 |10. 97197 | PROFIT and loss accounts |2007 | |2006 | |%age | | | | | | | | |interest earned |15143241 | |12596921 |2546320 |20. 213 83 | |interest expensed |8685624 | |6977313 |1708311 |24. 48379 | | | | | | | | |net mark up/interest income |6457617 | |5619608 |838009 |14. 1223 | | | | | | | | |loans & advances |3920240 | |1128137 |2792103 |247. 4968 | |value of investment |1501 | |376 |1125 |299. 2021 | |bad debts written off | | | | | | | |3921741 | |1128513 |2793228 |247. 14 | | | | | | | | |interest income after provision |2535876 | |4491095 |-1955219 |-43. 5355 | |Non markup/interest income | | | | | | | | | | | | | |fee,comm,brockerage income |1072868 | |1013660 |59208 |5. 41012 | |dividends income |137079 | |109326 |27753 |25. 38554 | |income from dealing in for curr |655761 | |584344 |71417 |12. 22174 | |gain on sale of inv |2361251 | |112474 |2248777 |1999. 375 | |unleasing gain |1728 | |-2308 |4036 |-174. 87 | |other income |336809 | |321758 |15051 |4. 77739 | | | | | | | | |total non markup/interest income |4565496 | |2139254 |2426242 |113. 4153 | | | | | | | | | |7101372 | |6630349 |471023 |7. 104045 | |Non markup/interest expense | | | | | | |admin exp |4789536 | |3277353 |1512183 |46. 4038 | |other pro/write offs | | | | | | |other charges |12051 | |6141 |5910 |96. 2384 | | | | | | | | |total non markup/interest expense |4801587 | |3283494 |1518093 |46. 23407 | | | | | | | | | |2299785 | |3346855 |-1047070 |-31. 852 | | | | | | | | |Profit before taxation | | | | | | | | | | | | | |current yrs |98535 | |983875 |-885340 |-89. 985 | |prior yrs |-233950 | | | | | |Deferred |-245812 | |113006 |-358818 |-317. 21 | | | | | | | | | |-381227 | |1096881 |-1478108 |-134. 756 | |Profit after taxation |2681012 | |2249974 |431038 |19. 15747 | | | | | | | | |profit brought forward |1799979 | |1617597 |182382 |11. 7487 | | | | | | | | |profit available for appr. |4480991 | |3867571 |613420 |15. 8606 | VERTICAL ANALYSIS balance sheet accounts | | |2007 | |2006 | | |ASSETS | | | | | | | | | | | | | |cash | |13356055 |7. 331567657 |14879230 |8. 961578 | |balances wid other banks |3497054 |63. 8030698 |7333002 |4. 416577 | |lendings | |14444143 |7. 928854115 |8392950 |5. 054971 | |Investments |39431005 |21. 64494538 |28625915 |17. 24104 | |advances | |100780162 |55. 32146851 |99179372 |59. 73452 | |o. fixd assets |5128428 |2. 815158881 |3810331 |2. 294916 | |defferd tax assets | | | | | |other assets |5535038 |3. 038360173 |3812788 |2. 296396 | | | | | | | |TOTAL | |182171885 | |166033588 | | | | | | | | | |LIABILITIES | | | | | | | | | | | | |Bills payable |2627051 |1. 442072689 |1839077 |1. 107654 | |Borrowings |17553525 |9. 635693784 |14964087 |9. 012687 | |deposits&other acc |143036707 |78. 51744357 |131839283 |79. 40519 | |Sub-ord loans |2997300 |1. 645314259 |2998500 |1. 80596 | |liabl against assets | | | | | |deferred tax liab |471519 |0. 258831927 |736298 |0. 443463 | |other liab | |3219796 |1. 767449461 |2603113 |1. 67823 | | | | | | | | |TOTAL | |169905898 | |154980358 | | | | | | | | | |Net assets |12265987 | |11053230 | | Findings on the basis of analysis By the horizontal or comparative analysis in which base year is taken as 2006 certain changes are measured in the Bank’s performance. Cash with other banks and balances with other banks gradually increased in the time line showing the bank’s good performance and this indicate that bank can earn more by making balances with the other banks. Lending to financial institutions not done in the last year due to more investments done by the bank and by giving more and more advances to the customers but this also has increased the bad debts and provisions of the bank as compared to the previous years. Operating assets has been decreased so that is in favor of the bank. On the liabilities side bank also has increased it’s bills payable that shows that bank has certain increased in the liabilities as well bank’s deposits also increased showing the great penetration in the market place as well customer’s believe on the bank to make deposits that’s why bank’s mark up expense has been increased. Equity also increased in the previous year but bank’s profit has been decreased because bank has invested so much and in the development process so increased in the expenses. Overall bank’s financial position in the marketplace has been increased in terms of deposits and advances. All these reasons are favorable to the bank in year 2006 because at one side bank’s assets have been increased in the form of advances and at other side markup income increased due to deposits because bank can more invest it Balance Sheet’s one portion that is Assets shows certain changes during the year. e. g Cash & balances with treasury banks have been increased that shows the bank has fulfilled and improved SBP requirements because of maintenance of foreign currency as well as Pakistani currency with other banks due to this balances with the other banks whether outside the Pakistan or inside the Pakistan have been increased. While investment have been decreased due to making balances with the other banks and so advances increased by giving more to the customers so earning power also increased. In 2007 bank not lend money to the financial institutions. Bank’s operating fixed assets have been decreased to a small extent due to this profit also is increased because bank is the service organization and for service organizations no need of more operating fixed assets. Bank’s deposits and other accounts have not been increased to the same extent as bank is giving advances. Well that shows a positive trend because bank expenses would be automatically decreased that are due to cash management. Bank’s net assets have been decreased because of less operating fixed assets and also due to increase in liabilities. Balance Sheet shows the assets are more contributed by the Advances and liabilities are more contributed y the Deposits that are favorable for the Bank. Overall result is less profit for 2007 as compared to 2006. But this has certain different reasons these are as follows Increase cash and balances with the other banks More advances Increase in deposits All these reasons are favorable to the bank in year 2007 because at one side bank’s assets have been increased in the form of advances and at other side markup income increased due to deposits because bank can more invest it. Applications of Class Room Concept: In Accounts department there was an implementation of   Financial Accounting in making balance sheets, income statements, calculation of depreciation etc †¢ In credits department there was an implementation of different categories of loans l ike personal loans, corporate loans etc which was studied in Financial Management. Recommendations: Already the bank is having a good infrastructure not much recommendations are needed as a manager but few can work :- †¢ Customers should be given some sort of facilities which can convince people for investment and go for Askari bank for Exports n Imports. †¢ Fist floor of bank is much congested, there is needed to work on that. †¢ There is not a proper environment of customer dealing on that floor that’s why customer feels difficulty in that. Accounts department was much congested, so area of that department should be extended. †¢ After biannually closing of bank there should be a get together of all the employees of bank which can give them a healthy atmosphere to work. †¢ Few of the employees used to interfere in others work so they should be strictly advised to perform their own duty well. Categories: Internship Comments are closed. 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Sport Fans

Although many people like sports and watch them on television, few people actually have a strong pride in a team, or really care about how a team does on a competitive game to game basis. To me people can be categorized in three different fan groups. One type of fan is a fair weather fan. They jump from team to team, most likely to which one is winning. Another type of fan is a part-time fan. They really do not care much about any one team, and just watch whoever is on. Finally, there is what I like to call die-hard fans. These fans never miss a game, and route for their team in good and bad times.The first type of fan that I mentioned is a fair weather fan. These are the kinds of fans that never really jump on board with one specific team. They cheer for whichever team might be winning at the time. These fans will usually say that they are routing for whoever the sports critics say will win the championship in that specific season. The next type of fan is what I like to call a part- time fan. These fans really do not have a favorite team, or even like sports period. They will watch a game only if there is nothing else on that they would rather watch.They really do not care who wins or loses. Most of the time these fans do not really know much about the sport that they are watching, or know much about sports in general. The final type of fan that I mentioned is a die-hard fan. These are the fans that truly have a favorite team, and really care about how their team does throughout the season. You will never hear a die-hard fan cheer for any team other than his or her favorite. Die-hard fans are the ones who are tailgating at the games at eight o’clock in the morning, when the game does not start until five or six o’clock at night.They will be the ones that you will see on television with their chests painted in weather that you cannot even imagine being outside in, much less with your shirt off. They truly feed off how their team does throughout the season, if the team is having a good year then these people will rarely ever be unhappy, but if the team is having a bad year then you do not want to cross paths with them. In conclusion, there are many kind of supporter but the truly supporter is die-hard support fans.

Response to u09d1, u09d2, u09d3 Coursework Example | Topics and Well Written Essays - 750 words

Response to u09d1, u09d2, u09d3 - Coursework Example Conversely, Childers underlines the notion of neutrinos as one of the smallest particles in the matter. As of this, I would rather consider this point into my discussion on the red-shifted and blue-shifted zones of the Local Group. Benjamin managed to resolve this very issue in a simple way. He justifies it through the works by Bennett, Donahue, Schneider, & Voit (2009) so as to forward his research in a more simplistic manner. To say more, Benjamin Childers sounds quite comprehensive in his debate on the neutrino-related movement of the matter in the universe. The size of the galaxies (their enormous magnitudes) impress out of assumptions by Childers. His post needs continuation, since it has many to talk about the standpoints of moving galaxies and our presence in the solar system as well. Moreover, he is more focused on temperature variations evident in our galaxy as a part of the larger structure of the universe. It is not a conundrum for me and him, as we both provide a number of arguments to make all doubts and misconception render null. In addition, Jack Gilmer’s post on the Big Bang theory complements my discussion on why I see it feasible and valid in understanding of the universe creation. Gilmer is too excited in describing his thoughts on the theoretical approach. In this respect he reminds me myself, as I was always too interested in the creation of the universe and when the starting point was. Jack Gilmer is similar to my discussion in the question of what caused the Big Bang. On the other hand, his inquisitiveness regarding the reason for the Big Bang complies with my discussion. Moreover, his argument is based on the lack of another viable model to understand the reason why our universe was created. He is similar in thought with me as of the scientific point of view and the physical

Robin hood case Study Example | Topics and Well Written Essays - 250 words

Robin hood - Case Study Example As it is clear now, the band has begun to exceed food capacity, it means no more people will join the band and probably some of the ones within may also decide to leave. This will only weaken Robin against the Sheriff; hence, he needs a stronger economic background. It is a common say that two hands are better than one, and this is fact that works well for political agendas where tyranny of numbers is needed. Therefore, socio culturally, Robin needs to create a network of genuine supporters with whom they share similar agenda that they would want to change if given chance to. He therefore needs to create a very big band of men and consider involving everyone through reasonable agenda. Robin is in a point where he needs to treat all information with the importance that it requires. At this particular time, he needs to be at the receiving end of all the information around the area. He therefore needs to improve on the vigilance so that he is able to tap and filter all the important and relevant information for the purposes of his preparation. He therefore requires the use of technological advancement in the telecommunication sector to aim at achieving information vigilance. In a nutshell, Robin needs to know that he can only win his opposition to the Sheriff when working together with people. He requires a lot of transparency, togetherness and giving yourself out for the service of others. He also needs to be economically and politically empowered to blend his good and readiness to serve

The Developing Manager (Tourism Management) Essay

The Developing Manager (Tourism Management) - Essay Example Travel & Tourism business is known for its potential and peculiarities. This industry is very much dependent on a range of factors like economic, socio-cultural and environmental. The behavioural aspect holds key to the overall character of the organisation. Clouds Tours and Travel is a group of companies having six tour agencies, serving customers in different segments. In this type of business, customer loyalty is very important as the existing customers serve as the brand ambassadors for the company and its services. The role of leadership therefore becomes very crucial in devising strategies for the achievement of developmental goals of the company. Leadership is something which allows an individual or an organization to lead. Leadership qualities are not just an asset for the individual, but it also helps other members of the organisation or the team. If the manager is found to adopt an aggressive and autocratic approach, as in case of the Clouds Tours and Travel, the company is bound to suffer in terms of a congenial working environment. Underlining the key differences in these two components Hodgson (1987) states that ‘Management is about doing things right, whereas leadership is about doing the right things’. Three main styles of management are defined as1; Autocratic: Managers with this style prefer to have their way and they are least bothered about the suggestions of others around. Managers in Clouds Tours and Travel seem to believe in this type of management only, which is resulting in lot disgruntlement amongst the subordinates. Democratic: Managers with such style of management prefer to take the final decision after due consultation with others around. Their main line of action is to create some sort of unanimity in the final decision. It needs to be emphasised here that an effective manager is the one who holds a balanced mix of these three types of qualities. A number of

ANALYSE OFCANDIDEGULLIVERS TRAVEL AND SORROWS OF YOUNG WERTHER FROM Essay

ANALYSE OFCANDIDEGULLIVERS TRAVEL AND SORROWS OF YOUNG WERTHER FROM NEOCLASSIC AND ROMANTIC POINT OF VIEW - Essay Example There was an emphasis on classical conventions and style. The restoration of the monarchy to Charles II of England in 1660 marks the beginning of the Neoclassical period in English literature, with its emphasis on restraint, logic and rationalism. It lasted from 1660 to 1798, when the Romantic Movement with its emphasis on imagination and nature began . Written in the latter part of the eighteenth century, â€Å"Gulliver’s Travels† by Jonathan Swift and â€Å"Candide† by Voltaire are examples of Neoclassicism in English and French literature respectively, exhibiting elements of Neoclassicism such as reason , restraint and clarity While â€Å"Gulliver’s Travels† portrays Neoclassical elements of clarity, superiority of reason and experimentation,, at the same time digressing from Neoclassicism by giving vent to imagination., .†Candide† exhibits the typical Neoclassical reaction against optimism and exuberance .In his iconoclastic ideas about God and the Church, Voltaire strays from Neoclassical Theory. â€Å"The Sorrows of Young Werther â€Å"written by Goethe exhibits elements of Romanticism like love of nature, imagination and emotion, as well as some elements of Neoclassicism like form and structure and â€Å"correctness†.. â€Å"Gulliver’s Travels† by Jonathan Swift is an enduring classic beloved by both young and old. Although when he wrote the book in 1789, Swift meant it to be a satire on the existing society of the time, the book became instantly popular as a children’s book, which it has continued to be to the present times. Like â€Å"Gulliver’s Travels†, Voltaire’s Candide was also written during the same period. Both the books describe the fantastic adventures of the protagonists who travel to different parts of the world and encounter unforeseen problems. On the other hand, â€Å"The Sorrows of Young Werther† by Goethe, written in the same period of late eighteenth

The Great Migration, Cause and Effect Essay Example | Topics and Well Written Essays - 1500 words

The Great Migration, Cause and Effect - Essay Example The first great wave of migration began during the period of World War I. The manufacture of war supplies had demanded increased production while the draft, and disruption of immigration, left the factories short of much needed labor. As the pool of labor dwindled, companies began to look elsewhere for workers to fill the positions. The southern African-American population made up a substantial resource for unskilled workers and northern companies made extraordinary efforts to recruit them. Companies sent agents to the South and offered the African-Americans high paying jobs, transportation north, and housing arrangements upon arrival at their new location (Crew). The economic and social climate in the South during this period made the offers too good to resist and set off the first great wave of migration. The opportunity for greater wealth was a powerful motivation for the migration during the war. Blacks were leaving behind the rural life they knew to seek a new destiny. Many were leaving behind their families, wives, and children with the hope of creating a better future, and the opportunity for more money did not disappoint them. While most laborers in the South were earning little more than $2,00 per week, a letter published in 1919 explains to his friends back home, "Never pay less than $3.00 per day [...] Remember this is the very lowest wages. Piece work men can make from $6 to $8 per day " ("Don[']t Have to Mister"). Spurred by these tales of high pay, people left behind their social ties and the only way of life they knew with the promise of one day sending for those they left behind. If money had been the only factor, their decision to leave might have been more difficult, but there were other considerations in the South. The social and political climate in the South made the African-Americans even more eager to leave their rural way of life. The constitutional amendments passed after the Civil War that were to protect the rights of blacks were largely ignored in the South. Local laws, hostile prejudice, and Jim Crow laws left them vulnerable to violence, imprisonment, and death. The economics of sharecropping had also taken its toll on the farm workers. Bad crops, low prices, and unpredictable weather had left most of them in debt to the white landowners (Crew). By 1910, emancipation had a hollow meaning and the living condition of the former slaves were no better than they had been 50 years earlier. Migrating north offered them an escape from the ever-present oppression and the economic means to finally carve out their own identity. It is estimated that by 1919, the number of Blacks that had migrated north numbered near 1 million. Most settled in the industrial cities such as Chicago, Detroit, Washington DC, and Pittsburgh. Many of the new arrivals found the promise of better pay and human dignity a reality and were pleasantly surprised to find that the letters they read from people who had migrated before them had been accurate about the opportunities for work. They also enjoyed a new sense of identity, in a new place with attitudes more sensitive to their condition. In a letter dated 1917, a worker in Philadelphia expresses the simple joy of even the most modest

In what ways does Kathryn Bigelow undermine the conventions of action Essay

In what ways does Kathryn Bigelow undermine the conventions of action cinema Use Point Break as your example and be sure to incorporate the discussions of critics that were assigned to read - Essay Example The scenes which include skydiving are greatly done to make one wonder how Bigelow managed to shoot these scenes at the time (Benson-Allott 3). Point Break is considered an unconventional film due to the pair of actors that Bigelow employed. During the 80’s and the early 90’s, action film were considered to employ more male masculine actors. The likes of Arnold Schwarzenegger, Steven Segul, Claude Van Damme, Sylvester Stallone, and Chuck Norris. The action film genre was characterized by huge and masculine figures during this period. The likes of Jet Li and Tom Cruise were lighter, smooth, faster action figures. In Keanu Reeves and Patrick Swazey, Bigelow managed to use Point Break in the transformation of Hollywood’s action film from masculine figures to smooth, intelligent crime busters (Benson-Allot 4). Sean Redmond, makes three claims about Katherine Bigelow and Point Black that shows her an unconventional approach to action film. While most critics look at Bigelow’s approach to film as Political, genetically transgressive and feminist, Point Break did not reflect the radical approaches of ideology that Bigelow employed in The Hurt Locker (2009) and the most recent Zero Dark Thirty (2012). In Point Break, Raymond sees Bigelow as founding a new subculture of FBI in action film. Raymond insists that Bigelow showed her political ideology in Point Break. Although the scripts of the movie already existed before Bigelow became the director, it was hard to imagine that the likes of Keanu Reeves and Swazey would make the set (Redmond 4). Redmond sees Bigelow as a radical because in Point Break, the film does not follow the political order which valued lifestyle and counter-culture values. The subculture of thieves who are surfers, led by Bodhi is exalted in the work. The FBI ethos are abandoned by the main character, John Utah, when he is undercover. He is drawn into the life style of this surfer criminal gang.

ARISTOTLE Essay Example | Topics and Well Written Essays - 750 words

ARISTOTLE - Essay Example Wealth itself is a neutral entity, if used properly can be a boon, if mishandled can turn into a bane. Its usage depends on the kind of people who possess it and their intention and actions how they utilize them. In such circumspect it is the mark of a noble man to spend than desire to save and possess that makes him a gentleman. This in return earns them praise, accolades and soft corners in different sections. Virtue is a painless act, rather a peace earning act which blesses the soul. Righteous individual would leave less to him and give more to others. The degree to which an individual gives away with respect to self earnings and self possession hold more ground than one who may possess more yet donate and give away less. Without regard for self accumulation if the donation is given away, it holds more ground than any other case of noble intention. Richness in true sense in one when one gives away rather than possession of material goods. The consideration of giving away to the r ight kind and right type is also a very important factor. It must be ensured that the recipients are fully worthy of it and deserve to be granted in the name of charity and virtue. The timings of donation and give away are also vital, since small donations in time of need are more valuable than large donations at time when they are least needed. This noble realization establishes a sense of self scrutiny in an individual and restricts him to the righteous path only. Source of donation and earning is also a factor determinant of noble cause. Spend thrift and miserliness is a double evil element, and imbalances of either extreme poles, one serving for deprived livings and lifestyle, while the other stands as extra lavish spending which in other words is wastage of resources and elements. While spend thrift is termed as outer bound, miserliness is a least bound below the nominal line on which the activities should be undertaken. These two factors are not mutually inclusive and may occu r as a contrasting element with one occurring at a time only (Kass ,151). However, spend thrift is at times given the edge and goes pass the radar unnoticed for at least he contributes in a certain way, while the miser individual in no measure contributes what so ever. Certain factors are highlighted which may bring the spend thrift individual to a desired and ordered border line zone. These factors can be that of loss of pecuniary element or the souring of digits in the life span column. The miser is deemed as sheer ignoble and despicable only because he does not contribute in any way, does not yearn to solve the troubles of people, nor does he take any concrete action to help the downtrodden, underprivileged section of society who through may be faced with the turbulent circumstances. Yet the spend thrift cannot be exempted and they do stand nearly guilty as the misers for their sources may not be genuine and may have come from a source that are not preached by the book, ethics an d laws. The diminishing of their own armory possessions lead them to adopting means which are against the rules and against the grain of noble man. These two serve as deviances and detraction from the desired path line. This can be mended through guidance, counseling, and right path determination and instruction along with the sense of benevolence and mankind welfare

William Shakespeare’s Hamlet Essay Example for Free

William Shakespeare’s Hamlet Essay The tone of William Shakespeares Hamlet is set by the theme of madness and deception. The death of Hamlets father and the appearance of his ghost to his son sets into motion a series of events that end in leads to the near total destruction of the Danish court. No one proves to be safe from the pervasive nature of their own guilt, real or imagine, as the characters fall victim to Hamlets madness and the kings deception. Revenge and fear, in particular, play central roles in the eventual conclusions of the play, as it provides a vehicle for the concepts of madness and deceit, as well as the bloody and darkening shadow that falls upon Denmark itself. Even before he sees his fathers ghost among the castle walls, the seeds of suspicion and disgust have already grown to fruition within Hamlets mind. All that is needed to touch off this dark depression into full-blown action is a spark. This spark comes in the form of the deceased king, who gives voice to his sons suspicions. Its interesting, given the full blown form that Hamlets madness later takes, to consider that the conversation between father and ghost may have been a delusion. Though its hard to write off the apparition itself as false, since it is the guards who first see the ghost walking silently, the conversation between father and son is private and serves to provide justification for Hamlets later actions. In this way, its possible that this conversation was simply the beginning point for Hamlets growing insanity. From this first act, the other events fall in quick succession as though predicted. Death becomes a central almost fated result of the lethal mixture of Hamlets growing insanity and the guilt of the king There is a fine line between Hamlets realities and his delusions, as shown in the truth of his uncles deceit. Its important that the tragedy of Hamlet begins and ends with death, providing a full-circle to the Kings murder of his brother and Hamlets own revenue and death. This is due in part to the larger significance of death both as an ending and a beginning. The tragedy of Hamlet itself begins and ends with death while the dead themselves provide witnesses. Its important to note that even as the death should be released by the chain of events, they are not allowed to truly rest. From Hamlets father the king, to Ophelias drowned memory, they are allowed little reprieve. Instead their deaths act as cataclysms for more tragedy and death. It is Ophelia and Poloniuss deaths that cause Laertes to meet his death at the end of Hamlets poison-tipped blade. Connected to the idea of revenge, the dead are fuel to the fire and darkness that seep into the minds and actions of all involved. Given the heavy presence of death, it is no wonder that the images of darkness and the adjective â€Å"black† is repeated throughout the book. It seems to be almost an eternal night in Hamlets Denmark. There is no comfort. There is no hope, only sadness and death. Revenge, madness, and pride are connected in Hamlet through their common dark designs and darker endings. The need for revenge, which is bred from Hamlets encounter with his fathers ghost and eventually drives his madness, is not justice. This revenge is part duty, part self-preservation. Hamlet is lost in his new role in his family, with his mothers marriage to his uncle and the usurpation of the crown from Hamlets own head. In taking action against his uncle, Hamlet is defending the honor of his family and attempting to reclaim his own self which has been lost (I. iv. ll. 21). With the new developments, Denmark itself has become a prison (II. ii. ll. 241), and he is a prisoner to the awareness of his position and the growing need to exact revenge. It is important to make the distinction between the two, revenge and justice. Hamlet is seeking to right the wrong of his fathers death, at first through revelation but then when this fails through violence. There is not the sense that Hamlet expects to escape his own death in the process of exacting revenge but at the same time there is the maddened sense of invincibility about him. He hopes to regain part of himself in destroying his uncle, however, he is already lost to his own fear and insanity. The concept of blood is important throughout the play, both in literal form in showing the brutality of Hamlets actions, and as representative of family. The physical presnece of blood is seen throughout the play in the deaths of even those who do end in bloodshed, like Ophelia;. The final scene in Act V is the bloodiest, with the deaths of Laertes and Hamlet, the wounding of the King, and the poisoning of the Queen. That final scene is also a good example of the power of blood, in the family sense, as Hamlet finally gains resolution in the deception of his uncle and his mothers marriage and Laertes himself is able to avenge his sister and father. However, the concept of family goes much farther back in the play, to the very beginning with the first appearance of the dead king, still linked to his son and the tragedy of his blood, who himself is heard by Hamlet to call for revenge. For Hamlet, the concept of blood is perhaps the most sensitive and the core root to his own madness. A chief source of hurt pride for Hamlet is the marriage of his widowed mother to his uncle. In Hamlets eyes, not only has the new king usurped the role of his dead (murdered) brother but he has also taken over his brothers position in the Queens bed. This is not a difficult idea to understand; Hamlet obviously feels a strong loyalty to his father and to the idea of his own succession. However, Hamlets constant condemnation of the King and Queens marriage being â€Å"incestuous† shows more about Hamlet than his mother, who is constantly condemned by her son for the marriage. The king is Hamlets paternal uncle and therefore, unrelated to the Queen except through the marriage of his deceased brother, Hamlets uncle. Therefore there is no real incest going on between the newly married couple but rather a joining of past and present. Instead Hamlet is showing an intolerance to change, that when divorced of his uncles treachery, is not quite as damning. However, true to the form of the play, the marriage has been built upon the dark deeds of the King. Their marriage is a deceptive continuity, the Queen herself innocent to the dark deeds of the King. She is not wholly innocent, as she ignorantly believes in the innocence of the new King. While she obviously loves her son, in sensing and fearing Hamlets growing restlessness and insanity, she does in a manner turn away from him. Seeing only death in her sons countenance, it is understandable that she would ally herself with the calm presence of the new king. However, there is something of a resolution between mother and son. When the queen drinks the poison, the King has prepared for Hamlet, she joins the ranks of the innocent dead. Like Ophelia, the Queen becomes a kind of martyr to the ulterior motives of royal ascendency and the revenge of her only son. Though the King may have had larger ideas of their marriage, the Queens tragedy seems to be a belief in hope. In remarrying she is hoping to continue her life and in Hamlet she sees hope for her love and affection, even as he rejects her. Without the morality of justice, Hamlets revenge fails to provide any resolution. While death is certainly an end and a recurrent theme throughout the play, the persistence and skewed senses of madness prevent the carnage of the Danish court from representing an absolute ending. Instead, there simply seems to be no one else to truly die, no one else to suffer within this narrative of tragedy. Hamlets madness had acted in a way to bring about the complete destruction of all hed ever held dear, it spent not only the resolve of its master but everything which it touched. The court of Denmark is withered but no longer a prison to Hamlet as he can depart in death as he was never able to in life. Though Hamlet finds his revenge and his end, he does not find true peace. Fueled by his own depression and anxiety, the injured pride of a fallen son, Hamlet instead creates a cycle of violence and fear which in the end even he falls prey to.

Measure for Measure by William Shakespeare Essay Example for Free

Measure for Measure by William Shakespeare Essay â€Å"I am always directed by you† – Mariana â€Å"I am directed by you† – Isabella. Both these lines are addressed to the Duke. What do they suggest about women status in this play? What other evidence can you find to support your view? Measure for Measure is a play written by William Shakespeare in the seventeenth century which crucially presents the role of women. Women were viewed as pure and were not expected to be promiscuous, but dependent on men with few options or choices. Shakespeare’s interpretation of women in Measure for Measure very much reflects society’s opinion of women at the time, where men had more freedom and should be given more respect than women. The society at that time was a patriarchal one, where a male was a considered a God like figure and ultimately the leader, and below him was the king and then the nobles. However, although the society gave men more rights than women, Measure for Measure demonstrates that men also had more responsibilities. This is shown through the situation with Claudio and Juliet, as although they are both equally to blame for Juliets pregnancy, it is Claudio facing the death penalty. The women of Measure for Measure are generally quite low in the ranks of importance and respect; they are not spoken of with any importance. Juliet is the object of Claudios sexual release and Mariana is the long lost forgotten fiancee of Angelo, who was abandoned by him when she lost her dowry in a shipwreck. The only woman who kind of breaks the trend of the lowly women is Isabella, who has the courage to stand up to Angelo for her chastity. In the first half she is pushed between Angelo and Claudio while she decides what to do and refuses to respond Angelo’s advances, then in the second half, she takes her orders from the Duke which shows that on the other hand she is still obedient toward the Duke, following all of his instructions. In Act V, Scene 1, the Duke shows his opinion of women when talking to Mariana, he says: â€Å"Why, you are nothing then: neither maid, widow nor wife†. According to the Duke’s point of view, the other woman who truly is free is Mistress Overdone as she earns her own money and is able to get some freedom; at least she doesn’t have to stay at home cooking. The main female character in Measure for Measure is Isabella; she represents a very pure female character. This is first seen at the start of the play by the fact that she is training to become a nun and by the strong Christian values she appears to have. This is then emphasized later when she is told her brothers life will be saved if he agrees to sleep with Angelo. She refuses this offer, placing her chastity and her Christian values above her own life. This illustrates that a womans purity is highly valued, while a woman being promiscuous is not accepted. Mariana is another female character in the play and she is quite different to Isabella. None of these three men, Angelo, Claudio or the Duke, seem to think that her Choice matters- her body is to be bargained for whether for lust, life or love. When the duke asks Mariana to allow him a private discussion with Isabella, she replies, I am always bound to you, as if she is speaking to an old friend. And again, when the duke tells her he respects her, she answers that she knows it and has found it to be true, suggesting a long-term relationship. This statement also shows that she is his subject. The adjective bound means that she is obliged to do as he wishes and also compelled to do so. She uses the adverb always to him which shows that she will always follow his example and will do his will in any condition. Her absolute trust is manifested when she agrees to entrust her chastity as the Friar asks. In the Jacobean society Shakespeare lived in, women would have always done as they were bid by order of men, but especially if the order was given by a man of religion. These words show the absolute compliance that the Duke is able to gain through becoming a disguise (pseudo-)friar. The Duke abuses this religious power to gain insight into peoples souls for his own ends. He knows that Angelo wishes Isabella to give up the treasures of her body and uses the two women to gain more power over Angelo. The same applies to when Isabella says to the Duke, â€Å"I am directed by you†, this statement also shows how women respected men and how men were above in authority. As mentioned above, there are no independent women in Measure for Measure, this is not strange, considering the setting and Shakespeare’s own era; there are prostitutes and nuns who are given no chance to control their own lives most of all they seem to have no choice in any matter.

Operation Management And Strategies Starbucks And Cocacola Marketing Essay

Operation Management And Strategies Starbucks And Cocacola Marketing Essay In this present document we are going to analyze several aspects of operation management and strategies considering two companies: One from the service industry, Starbucks and one for the manufacture industry, Coca Cola. We will study their supply chain and assess its impact on both companies success and profitability. Then we will analyze their operational strategy to determine in which measure it contributes to their competitiveness and we will strive to provide ways in which challenges of the different companies could be overcome so that they can strengthen their own competitive advantage. Finally we will establish a location analysis in order to identify the best place for the companies to implement a new operation. The supply chain refers to the way that materials flow through different organizations, starting with basic raw materials and ending with finished products delivered (Gaither Frazier, 2002). This involved many activities and therefore we have to think about the best way to manage it in order for a company to be successful and profitable. We can then define the supply chain management as a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations and the right time, in order to minimize system wide costs while satisfying service legal requirement. (Simchi-Levi, Kaminski, Simchi-Levi, 2003) The Starbucks supply chain is made of the following activities which are either external or internal to Starbucks organization: Coffee producing, importing, manufacturing and roasting, distribution to retail shop, marketing, delivering to the consumer. Supply Chain Starbucks Activities involved from the coffee production to the roasting are external to the company. They can involve many counterparts such as the small coffee producer, the processor, the exporter, the broker and the importer. To optimize these activities Starbucks manage them in many ways emphasizing its commitment to ethical coffee sourcing and fair-trade and global responsibility. Starbucks establishes relationship with growers and distributors and deal directly with farmers. It offers high prices to ensure that poor coffee growers have enough money to cover their production costs and their family needs. It uses fixed prices purchase commitments to limit its exposure to price fluctuations and purchase future contract to provide price protection. Moreover, to spread companys risk linked to the weather and the political and economical issues, Starbucks sources bean from multiple geographic areas. Starbucks commitment to ethical sourcing (it introduced the C.A.F.E program Coffee And Farmer Equity in 2004) allows having a better quality of product, a greater visibility in the supply chain and better relationship with farmers which contribute to reach success and profitability, that is to say to reach its objectives and generate wealth. Activities involved from the roasting to the delivery to the consumer are part of internal elements to the supply chain. They involve many activities such as the manufacturing, the planning, the inventory, the transportation and distribution. The key to reach success and profitability for Starbucks is to set an integrated supply chain operating system based on managing the flows. They manage the materials flows through DRP (Distribution Resource Planning) and TRP (Transportation Requirement Planning). They also put the emphasis on the information flows management to share the relevant information and to detect the supply chain opportunities at different level. The management of the marketing plays also an important role in developing the awareness of the fair trade initiative that helps justify Starbucks premium prices. The Coca Cola supply chain involves many activities namely, the supplies of raw materials and packaging, the manufacture and production of beverage concentrate, the sales to the bottlers and distributors, the Research and Development and the delivery to customer and ultimate consumer. Supply Chain Coca Cola The internal activities of the companies are limited to the manufacture of the concentrated syrup, the selling to the bottlers, the owning of the brands and the consumer branding initiatives. Therefore the companies can focus on its core competencies such as the production of syrup and the brand development to achieve its objectives and reach success. The fact that the bottling is outsourced allows the company to focus on its core competences and therefore ensure certain profitability. The others activities are part of the external supply chain but Coca Cola strives to integrate all the supply chain activities developing a strong partnership with its bottling partners. They are in charge of manufacturing the final product, packaging, distribution and merchandising the beverage to the customer and vending partners who then sell the product to the ultimate consumer. The supplies of raw materials are mostly linked to specific nutritive and non nutritive sweeteners which are available either within the United States or outside. There are numerous sources of raw materials and they are often subject of prices fluctuations. So Coca Cola has a wide choice of raw materials suppliers so that it can spread the prices fluctuation among them and therefore control its supply chain. The procurement suppliers and bottler partners have to meet certain standard to deal with Coca Cola Company and have to commit to guide principles and incorporate sustainability. Consequently Coca Cola can achieve its objective of quality and control. The Coca Cola supply chain organization allows to enhance customer service and to optimize cost and investment. How does each companys operational strategy improve its competitiveness? According to the Competitive Advantage Model of Porter, a competitive advantage refers to the adoption of offensive or defensive action to create defendable position in an industry in order to cope with competitors and generate a superior return on investment. The basis of above average performance within an industry is sustainable competitive advantage which can be either cost leadership or differentiation. Both of the companies we are analyzing have adopted the differentiation strategy. Furthermore the operation strategy is aimed at providing competitive advantage through its performance at the five competitive objectives namely, the quality, the speed, the dependability, the flexibility and the cost. Starbucks operational strategy improves its competitiveness through different ways. First of all Starbucks has understood that developing successful partnership would be a strength to develop competitive advantage first to ensure quality of product and secondly by adopting fair trade and ethical sourcing of coffee. Indeed Starbucks used to develop relationship with the countries it exports the coffee beans from. For example it collaborated with a small town of Pasto where they set up a special operation to grow the particular Narino Supremo bean and Starbucks committed to buy the entire yield which allow to be the exclusive Narino Supremo , one of the best coffees in the world and therefore to build a competitive advantage. The ethical commitment is a strong part of the operational strategy to develop specific partnership with small farmers and strengthen competitiveness. Starbucks has developed a shared planet program where it establishes environmental, social, economic and coffee quality principles to comply with C.A.F.E (Coffee And Farmers Equity) principles guid elines. This program enables Starbucks to differentiate from its competitors. Secondly Starbucks operational strategy tends to expand its market through a number of channels such as licensing stores but also with hospitals, bank, office buildings, supermarkets, shopping centers, hotel and airlines. The strategic operation model of Starbucks is to blanket an area completely even if one store cannibalizes another one because the Starbucks every-where approach cuts down delivery costs and increase the foot traffic in the area (Mr. Coffee, 2003). It develops partnership using local partner licensee who have experience in retail and restaurant in order to provide a good service to customer and fit the corporate culture of the company. Starbucks strives to develop good relation with the partner licensee to help it recruiting talented employee and put the emphasis on the customer service to build sustainable competitive advantage. The key to successful partnership for Starbucks is to share relevant information and communicate on supply chain opportunities to optimize processes. Added to this Starbucks operational strategy focuses on developing a strong corporate culture which enable to strengthen its competitiveness. Starbucks strategy is to empower employee culture through benefits program, employee stock ownership plan and staff and management training. The management staff is trained to understand how every activities of the supply chain fit together so it can be more effective and competitive. Finally Starbucks operational strategy aims at putting the emphasis on the marketing operations in order to differentiate the format. Indeed Starbucks marketing actions have to develop a given image of a small scale and high quality roaster in ethnic culture enclaves who sells not only quality coffee but also an atmosphere, a personality, an escape, the self esteem and therefore an interpersonal relation. This image reflects Starbucks personality and consequently enables the differentiation. Coca Colas operational strategy is aimed at building its competitiveness in many ways. First its operational strategy is customer focused striving to take into account customer needs and providing a response to it in a right way and in a right time. The company sustains its success and competitive advantage by creating new ways to deliver value through innovation responding to customer and consumer needs in a fast way. For example Coca Zero refers to a new consumer need. Secondly Coca Cola put the emphasis on the differentiation to strengthen its competitiveness by building global brand. It invests in marketing campaign to develop a strong image, improve its fame and impose its brand in a global basis. Therefore consumers have developed a loyalty to the brand and Coca Cola owns several brands that consumers are willing to pay a premium price for it. More over it has developed so much economies of scale through global networks that the emphasis on marketing and advertising fix important barriers to entry for potential competitors. Coca Cola also improves its competitiveness by adopting a collaborative approach to work with their suppliers to green their supply chain. It invests in new technologies and innovation to help their suppliers who do not have the ability to do so, for example in investing in new technologies vending machines which are better for the environment. Therefore it gains competitive benefits not only because of the energy savings but also from a corporate social responsibility point of view. Coca Cola has understood that integrate its suppliers would lead to supply chain excellence and therefore to sustain a competitive advantage. Consequently the Company has created Coca Cola Supply which invites all the bottlers partner to participate. The purpose is to provide a system wide leadership to control supply chain through integrated planning, joint initiatives and best practices processes. According to Coca Cola Supply, they are transforming the supply chain from a series of discrete, inconsistent activities to a single, harmonious and sustainable system (Coca-Cola Supply Created to Drive Supply Chain Innovation, 2009). Polar diagrams performance objective of Starbucks and Coca Cola What challenges do the operational strategies present and suggest ways in which they can be overcome. Operations strategy is the decisions which shape the long term capabilities of the companys operations and their contribution to overall strategy through the on-going reconciliation of market requirements and operations resources. Regarding Starbucks operational strategy many challenges could be addressed according different issues in order to be more profitable and to sustain a competitive advantage. The first thing is to always meet the customer needs for value and quality in identifying the best ways of quality processes. This implies that Starbucks has to find more suppliers quality and stability by developing partnership with different coffee farmers in order not to be dependant of only few suppliers. The quality implies also to control more and more of independent vendors, partners and licensees. Indeed the quality is one of the core value of Starbucks and reach it allows first the differentiation and secondly the conformance with customer expectations and avoid customer complaints. Starbucks has to keep developing ethical sourcing which benefits to the companys quality and image. Starbucks should assess the risk of its supply chain especially in raw materials procurement in the different countries and asses the political, geographical, natural, infrastructural risk of each country. Indeed if an incident happen in one of the procurement place Starbucks must not be dependant of few suppliers and should react quickly. It is therefore really important to develop the partnership with different countries in order to prevent late delivery and save costs. One of the challenge Starbucks will have to face is a potential saturation of the US market. Consequently a globe expansion in key market is an operational strategy Starbucks has to develop. The international expansion of the concept involves prospecting efficiently new markets and assessing the potential of success in each market. The key is to find local partner to grow the number of licensed store and impose Starbucks as a global brand. The partner have to share the same values as Starbucks and the company have to help them finding the best talent and train them in order to strengthen more and more the corporate culture. Developing new product is also an important challenge for Starbucks. Indeed the concept is mostly based on a few products which do not allow very much flexibility. Reaching flexibility will enable Starbucks to be more reactive in case of potential change from the market. Consequently the company has to develop innovative product and service while keeping its strong value of quality. For example it should be interesting to develop co-branding with other brand which presents the same value as Starbucks in order to launch new product like the company did in 2004 with Hewlett Packard when they create a CD service burning in a store in California. Coca Cola is one of the biggest brands in the world but even if its renown and profitability is well established there remain important challenges that the company has to cope with. First of all Coca Cola Company possess many brand but one of them generates around 50% of the total revenue. Therefore the company is in way dependent of one brand which can be a limit to its flexibility even if the customer loyalty to the brand is well established. Indeed Coca Cola needs more flexibility in case of market change and especially in case of consumer behavior changes. Besides we can notice a new trend where people become more and more health consciousness and look for nutritive drinks without calories. Therefore a threat of substitutes appears. In order to cope with the potential market change Coca Cola has to put the emphasis on innovation with new brands, products and packaging more adapted to consumers needs and demand. Secondly Coca Cola have to develop ways to be always more and more profitable and efficient. The key is to reduce the cost in order to increase the margin. The areas where the company could reduce these cost is the transportation and the production. Consequently Coca Cola has to identify the best places to buy, make and distribute the product. It has to monitor each region and each country comparing different parameters which will affect the supply chain such as the weather, the port and transportation, the fuel prices, the labor rates and the internal regulations of each country which can provide opportunities. Finally Coca Cola Company has to continue the effort put on green and environmental development. Indeed the company has often benefited from a negative image of a multinational company which tries to reach profit to the detriment of the planet well being. Therefore it has to keep investing in green technologies and support sustainable development with the suppliers in order not only to save energy costs but to benefit from a corporate social responsible company. Each of your company is considering locating a new operation in one of Japan, Thailand and Singapore. Source information on each of these three countries and based on the information found and using the relevant location analysis tools select which country to locate in and support your choice. You need to define why they wish to locate an operation there i.e. what market are they servicing. You should include demographic, infrastructure, cultural, geographic information, etc. Starbucks wants to locate a new operation in Japan, Thailand or Singapore. Indeed the company wants to expand its market on a global basis to cope with a potential saturation of the United States market. Therefore Starbucks wants to develop licensed stores operation in one of these countries. The key factors in such operations are the demographics, the branding and the potential revenue that each country could offer to the company. Therefore the main factors in the decision factors are the following: Quality of life issues in the community: indeed Starbucks targets a relatively high living standard consumer. Worker education and skills: the emphasis of the quality of the staff is really important to strengthen Starbucks Corporate Culture. Site costs: The rent is part of the profitability of the stores. Cultural abilities to modern changes: Starbucks is an American company, and its values have to fit with those of the country choose. Labor availability: It is important for Starbucks to find available talent. Coca Cola Company would like to improve its competitiveness and reduce the cost of transportation and production. Consequently the company would like to set up a new manufacture of syrup in Japan, Thailand or Singapore to reach this objective. Therefore Coca Cola has to monitor each country to assess the potential opportunities it could offer. The main factors in the choice of the location are the following: Proximity to raw materials and suppliers: As a manufacture of syrup, it is important to be closed to the suppliers to reduce costs and improve efficiency. Labor costs: The cheaper is the workforce the greater is the margin. Transportation availability: The products have to be imported to the different bottlers and it is therefore important to optimize the transportation cost. Site costs: The fixed cost linked to the rent should be the least in order to increase profitability. Government fiscal policies: all incentives or taxes impact on the cost. In order to compare each country we will set up a brief overview of each countrys characteristics. Japan has a population of 128 million of inhabitant and is one of the most densely populated countries in the world. With a nominal GDP of about $4,9 trillion in 2008, it is the second richest country in the world. Moreover, with an HDI (Human Development Indicator) of 0.96 it is the tenth highest standard living country. The government is a parliamentary democracy and put the emphasis on the environmental and sustainable development. The infrastructures are well developed and Japan is open in the world. According to the Big Mac Index Japanese people have the highest salary per hour in the world and the unemployment is low with a rate of 4%. Education is quite competitive and 75% of high school graduates attend a university. The culture has seen deep change from a very traditional to contemporary one. It influences by Europe and North America. Japanese people are quite open to modern changes. Thailand has a population of 64 million of inhabitants and a nominal GDP in 2008 of about $273 billion and a medium HDI of 0.783. Thailand has been ranked by the Global Competitiveness Report of 2008 34 out of 125. The quality of education is medium but tends to improve through the private education. The cost of labor remains quite low and unskilled. The government has seen many changes since the last few years but tend today to be stable. It supports today through the National Science and Technology Development Agency the research in science and technology and encourage foreign private investment in this field. Thailand remains a very traditional country where tradition is strongly established. Concerning Singapore, with a population of 5 million of inhabitants and a nominal GDP of 182 billion in 2008 it presents a high standard of living with a HDI of 0.944. It is the least corrupt country in Asia and is a highly market based economy (one of the four Asian Tiger). Singapore has developed free trade agreement with USA in 2003. The unemployment is low and is about 5% and we can notice a shortage of skilled workers. Manufacturing constituted 26% of Singapores GDP in 2005. Singapore has one of the busiest ports in the world and is the worlds fourth largest foreign exchange trading center. Singapore is a major international transportation in Asia. Singapores culture is still very traditional society. In order to choose in which country we will operate we are going to use the Factor rating method which is useful for service and industrial location and which is one of the most widely used location technique. (C1= Japan, C2=Thailand, C3=Singapore) STARBUCKS FACTOR RATING METHOD Factors Weight Rate C1 RateC2 RateC3 ScoreC1 ScoreC2 ScoreC3 Quality of life issues in the community 30 90 60 75 2700 1800 2250 Worker education and skills 20 80 50 65 1600 1000 1300 Site costs 15 60 70 65 900 1050 975 Cultural abilities to modern changes 25 80 50 60 2000 1250 1500 Labor availability 10 85 60 70 850 600 700 Total 8050 5700 6725 According to the Factor rating Method, Starbucks should implement its new operations in Japan in order to be successful, profitable and therefore achieve its objective of expanding in new markets. COCA COLA FACTOR RATING METHOD Factors Weight Rate C1 RateC2 RateC3 ScoreC1 ScoreC2 ScoreC3 Proximity to raw materials suppliers 25 60 55 65 1500 1375 1625 Labor costs 20 55 80 70 1100 1600 1400 Transportation availability 25 70 55 85 1750 1375 2125 Site costs 20 60 70 65 1200 1400 1300 Government fiscal policies 10 60 60 70 600 600 700 Total 6150 6350 7150 According to the Rating Factor Method Coca Cola should implement its new manufacture in Singapore in order to reduce its costs of production and transportation. Indeed that is the country which offers the most opportunities to do so in term of proximity to suppliers, transportation costs and labor costs.