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The Business and Financial Analysis of Maldives Industrial Fisheries Company Limited

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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

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