Post on 14-Jul-2015
transcript
Yes we can
Submitted To:
Project
Prof. M Yousaf Samdani
M Sajid Bashir Mi10MBA036Hafiz Rafiq Jamal Mi10MBA006Qaisar Naved Mi10MBA007Shahzad Anwar Mi10MBA040M Rizwan Akbar Mi10MBA075
Group members
Ittehad Chemicals Limited (ICL) is the pioneer and one of the largest manufacturers of industrial chemicals in Pakistan.It was established in 1962 under the name of United Chemicals by a private entrepreneurIt spread over an area of 106 acres
Introduction
Caustic Soda Liquid Chlorine Hydrochloric Acid Sodium Hypochlorite Bleaching Earth (Shaffaf) Chlorinated Paraffin Sulphuric Acid 80% Zinc Sulphate
Products
Insured Items of Industry
DSA PlantPipelinesPumps
VehiclesUsed by staffFor shifting material
BuildingsOfficesStore rooms etc.
Insured
Insurer of the Industry
EFU General Insurance Ltdproviding Property,Marine/Aviation,Motor and other Miscellaneous products cover
Insurance Premium
0
1
2
3
4
5
6
7
8
9
10
2005 2006 2007 2008 2009 2010 2011
3.9
7
9.7
8
9.2 8.9
9.8
Insurance Premium(in millions)
Insurance Claims
0
0
0
1
1
1
1
1
2
2
2
2005 2006 2007 2008 2009 2010
1
1.93
0.21
0.43
0.12
0.71
Millions
Benefits Due to Insurance
Secure assetsFinancial compensation in case of lossReduction of the chances of lossPromotion of international trade Risk free products distributionSource of creditConfidence to purchase expensive plantsGrowth of business competition…..etc
Uses of IT in Industry
Research and developmentPlacing online ordersAutomated production systemAutomated Reactions through IT equipmentsCAD systemMarketingDocument handling and data storage
Uses of Inventory management software's etc.
Impacts of IT & Insurance
0
10
20
30
40
50
60
70
80
90
100
2006 2007 2008 2009 2010 2011
4350 47 48
93
45
Average Production(in thousand tons)
Recommendations
Research and development should be increasedInstallation of new robotic technologyOld machinery should be replacedMore employee’s training centre Marketing by using IT techniquesUses of alternative energy resourcesEstablish risk management department…etc
Yes we can
Conclusion
ICL is performing well by understanding the Innovative change
in market.
Yes we can
Yes we can