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Norton Lilly

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Submitted By blakdethpirate9
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Slide 1
The Norton Lilly International Vision is to: achieve sustainable growth while remaining the premier shipping agency in the Americas. We will accomplish this through our commitment to providing quality service to our customers and creating a motivated and dedicated workplace, utilizing the latest in technologies. Slide 2
Since 1841, Norton Lilly has operated and transformed their shipping industry through various port agency services. The various services include booking freight for export, clearing inbound cargo with U.S. Customs, fueling vessels, restocking vessels with supplies and provisions, and arranging cargo handling services
Slide 3
The Norton Lilly company did have humble beginnings of shipping kerosene to expanding and becoming the “market share leader in handling Panama Canal transits in 2010” (bk pg C369). From 1970s to 2000, the company experienced great growth potential. However also experienced were some setbacks following those years of steady growth. 2006 brought Norton Lilly in the negative of (2.6M) but gradually began climbing to a profit by 2009 with a net income of 3M. By 2010, generated revenue reached 6.3M.

Slide 4
Revenues have fluctuated over the past five years. If we are wanting to expand operations, we need to see steady increases in revenues. Cost of revenues remains statistically the same, which means we can’t cut expenses from it. Where we are cutting expenses is in our loss from disposal of assets and investments, which comes as a detriment to us trying to streamline and be more efficient. Our administrative expenses project to be slightly higher than 2009, but should decrease due to increased efficiencies. Our current ratio is 0.45, quick ratio is 0.36, fixed asset turnover ratio is quite high at 33.3, and return on assets is 11.6%. All based on 2009. 2008 return on assets is 9.5% We are gradually

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