Financial performance & Pandemic Operation of Fakir Fashion Limited An Internship experience perspective
Sohel, Md. Robiul Islam
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Readymade Garments Industry (RMG) is one of the leading industry in Bangladesh. Almost 4 Million People directly-indirectly involved in this industry. Fakir Fashion Ltd. Is one of the top RMG industry which is established in 2009. Approximately 13500+ worker works there in three shifts a day on 180 sewing lines. During the pandemic situation they face many operational challenges. Fakir Fashion was shut down for 2 month during the pandemic because of lockdown. Production & other activates was stopped in this situation many buyers cancel their order & some of are hold their order for one or more week & facing some limitation like limited shipping facilities with high charges ( double or triple than regular ). During the lockdown Fakir Fashion Ltd. has given to their employees 65% salary. In 2020, yearly turnover was 140 Million USD (Approx.). They started to expand their capacity in dyeing, knitting, sewing, printing & they want to convert into a High tech garments. They always calculated their revenue based on beyond their targeted revenue or not. In my Internship period, I’m glad to work with Fakir Fashion Limited. I have noticed some issue while doing Internship. Fakir Fashion Limited does not share their financial statement with anyone which is why I have had so much trouble to reporting my internship. This internship report mainly done in the based on secondary data & less primary data which will give a preliminary idea of organizational financial condition & Pandemic overcome policy how they deal with. I have talked to some insiders and gathered some financial data with which I have shared. Some personal findings & observations are given in this report. This report measure the scope of my flame knowledge. This internship teaches leadership & how to sustain yourself in corporate world.
- Finance