Current Developments and Trends in Social and Environmental Auditing, Reporting and Attestation

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  • Topic: Limited company, Imperial Chemical Industries, Public limited company
  • Pages : 5 (880 words )
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  • Published : December 1, 2012
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An Internship Report on:

|"The Cash Management Process of ACI LIMITED" |

Submitted By:

|MD. NOOR-UDDIN | |ID NO-08091201027 | |MBA Intake – 14th | |Bangladesh University of Business & Technology (BUBT). |

Submitted to:

|prof. M.a hakim | |program director, ( mba ) | |Bangladesh University of | |Business & Technology (BUBT). |

Acknowledgement

At first, offer my sincere gratitude and thanks to my internal supervisor of internship program, Prof. M.A Hakim, Program Director, (MBA) for giving me the necessary instructions, suggestions and guidelines for preparing this report.

Next, I would like to convey my heartiest gratitude and greetings to my host organization supervisor Syed Hasrat Zafar, Sr. Executive in Finance department who provided me the guidance and support whenever necessary.

During my internship and preparing this internship report I received a very much friendly and wholehearted cooperation attitude from all the staffs and members of ACI Limited. I would like to thank them for their cooperation that helped me to complete internship and prepare the report.

Company Background

ACI was established as the subsidiary of Imperial Chemical Industries (ICI) in the then East Pakistan in 1968. After independence the company has been incorporated in Bangladesh on the 24th of January 1973 as ICI Bangladesh Manufacturers Limited and also as Public Limited Company. This Company also obtained listing with Dhaka Stock Exchange on 28 December, 1976 and its first trading of shares took place on 9 March, 1994. Later on 5 May, 1992, ICI plc divested 70% of its shareholding to local management. Subsequently the company was registered in the name of Advanced Chemical Industries Limited. Listing with Chittagong Stock Exchange was made on 22 October 1995.

Advanced Chemical Industries (ACI) Limited is one of the leading conglomerates in Bangladesh, with a multinational heritage.

ACI SRAMIK KARMACHARI UNION established on October, 1972. This union based on ACI Pharma Production. At present there worked 154 workers in factory and in head office & distribution there work 11 people. They treated as non-management staff. They have different salary structures, leave & benefit packages and other packages like provident fund, gratuity, ex-gratia and leave encasement

Mission
|ACI’s mission is to enrich the quality of life of people through responsible application of knowledge, skills and technology. | |ACI is committed to the pursuit of excellence through world-class products, innovative processes and empowered employees to | |provide the highest level of satisfaction to its customers. | | Vision | |To realize the mission ACI will: | |Endeavor to attain a position of leadership in each category of its businesses. | |Attain a high level of productivity in all its operations through effective and efficient use of resources, adoption of | |appropriate technology and alignment with our core...
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