OXFORD BROOKES UNIVERSITY RESEARCH AND ANALYSIS PROJECT The Business and Financial Analysis of Maldives Industrial Fisheries Company Limited From 1st January 2006 to 31st December 2008 Prepared by: Word count: 6486 words TABLE OF CONTENTS EXECUTIVE SUMMARY 5 PART 1 PROJECT OBJECTIVES AND 6 OVERALL RESEARCH APPROACH 6 1.1Intoduction 6 1.2 Selecting the Topic 6 1.3 Reason for Choosing “Mifco” 6 1.4 Principal Activities (Mifco) 7 1.5 Project Aims and Objectives 7 1.6 Research Questions 8 1.7 Overall Research Approach 8 1.8 Conclusion 9 PART 2 INFORMATION GATHERING AND 10 ACCOUNTING/BUSINESS TECHNIQUES 10 2.1 Introduction 10 2.2 Sample Design and Data …show more content…
It also allowed the use of raw data and analysis it in a real context, which I found challenging and would test my understanding of the subject area. The topic is interesting; mainly it necessitates analyzing the financial situation of a company. As a professional student, it helps me to learn more and exercise the analysis in a more practical manner. 1.3 Reason for Choosing “Mifco” The project is based on Maldives Industrial Fisheries Company (Mifco), because it is one of the best leading companies of Maldives. Also it is a company that contributes to the development of the fishing community. Mifco, officially incorporated in November 1993, spearheads fisheries contribution, development and strengthening based on the livelihood of over 20% of the population, employing no less than 11% of the labour force. Mifco pioneered and now leads the development and interest of the fishermen and the fisheries sector. The second largest occupation next to tourism; fishing is in the blood of the Maldivian people. Mifco owns and manages three main operational centers across the country; these in turn are backed up by a fleet of carriers and collector vessels. The products are environment friendly, emphasizing on the uniqueness of the ‘Maldivian touch’ and a distinct Maldivian feel to the end product. Modern collection system implemented on the operation centers and outlets mean that various
In accounting there is much to be learned, about the financial aspects of a business. In the past five weeks I have learned the importance of financial reports and how they relate to the success of an establishment. These reports may include balance sheets and income statements, which help accountants and the public grasp the overall financial condition of a company. The information in these reports is really significant to, managers, owners, employees, and investors. Managers of a business can take and deduce financial
Abstract : Analysis of financial statement of a company is an important because it is useful to obtain Information
This course focuses on ways in which financial statements reflect business operations and emphasizes use of financial statements in the decision-making process. The course encompasses all business forms and various sectors such as merchandising, manufacturing and service. Students make extensive use of spreadsheet applications to analyze accounting records and financial statements. Prerequisites: COMP100 and MATH114 / 4-4
I am writing to analyse the company's current balance sheet and income statement. Particularly, I will critique on the company's results, compare it to past years, compare it to competitors, and make recommendations on how to improve its financial position.
The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measured on critical areas such as profitability, its ability to stay solvent, the amount of debt exposure and the effectiveness in resource utilization, is performing financial analysis where a set of ratios provides a snapshot of company performance and future
Mohana, R (2011). Financial Statement Analysis and Reporting. New Delhi: Asoke K. Ghosh, PHI Learni
Assignment #1 - Leon’s versus The Brick etc.) have a vested interest in understanding inherent risks of engaging in economic activities with such companies. In addition to periodic and timely filing requirements for publically traded companies, market based share price data is readily available through most online news networks or major stock exchange websites. Yet another touch point for the financial analyst to access relevant and valuable business intelligence on a timely basis.
I have researched the company’s financial reports. There will be a financial analysis of the company comparing its present to past two years’ performance and to the performance of its major competitors.
As the financial analyst of the company, this report is written in respect to how the financial position of the company can be improved. This report is aimed for the senior management team.
Review of Financial Research Report: This assignment is an analysis of a US publicly-traded company; its common stock could be a prospective investment. The report is due in Week 10, in needs to be at least 5 pages, and it needs to cover the following topics:
Open-ended questions such as these will generate energy in the class, though the instructor should take care to limit the amount of time spent in this phase of the class, since students will find it easy to offer observations about the firm’s apparent strategy and financial performance. By letting the students assess the problems of this company in a nondirective fashion, the instructor can gauge students’ abilities and build students’ “ownership” of the analysis. The next three questions are a directive approach to problem assessment and could supplement this question or be used in place of it.
From your analysis of research materials, examine the company and provide a report on the short and long range financial problems that are evident from the review. If you find no short or long range financial problems, provide the evidence to justify this conclusion.
This case study is located in the Assignment Section of your Blackboard. You are to analyze:
For the analysis we have used the historical financial data of the company, the history of the company and its financing policy, and the financial data of its competitors.
Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income, expenses, and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look at these statements to make sure their investment will return a profit for them. This paper will look at four different companies and their balance sheets and income statements. The companies are Eastman Chemical Company, Covenant Transportation