...growing. 3. Where are their markets, and how big/successful are Leighton compared to others i.e. who are their competition. • Map showing where Leighton operate. • Define the market that Leighton operates in – Construction and Engineering – includes mining, infrastructure, non-residential buildings. Note that most of Leighton’s revenue is generated in Australia and therefore our presentation will focus on the Australian market. Note the reliance of the Australian market on China and India. • Main competitors – Market shares – identify Lend Lease as main rival and compare them in size and revenue. 4. Market analysis- Mining and construction Last few years – regulation. • Graph the Construction and Engineering market value over the last 5 years. (Marketline Report). • Note the fact that the government regulates the mining industry by preventing overseas companies entering the market – barrier to entry. 5. Market analysis- Leighton in mining • Show how much of Leighton’s business is in Mining – list some key projects and how these have performed. • Identify the subsidiaries that are involved in the mining industry (the big 3 – Leighton...
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...FIN-419/FIN-419-Final-Exam-Guide To Buy This material Click below link http://www.uoptutors.com/FIN-419/FIN-419-Final-Exam-Guide 1) The part of finance concerned with design and delivery of advice and financial products to individuals, business, and government is called A) Managerial Finance. B) Financial Manager. C) Financial Services. D) none of the above. 2) Managerial finance A) involves tasks such as budgeting, financial forecasting, cash management, and funds procurement. B) involves the design and delivery of advice and financial products. C) recognizes funds on an accrual basis. D) devotes the majority of its attention to the collection and presentation of financial data. 3) Finance can be defined as A) the system of debits and credits. B) the science of the production, distribution, and consumption of wealth. C) the art and science of managing money. D) the art of merchandising products and services. 4) Financial service A) is concerned with the duties of the financial manager. B) involves the design and delivery of advice and financial products. C) provides guidelines for the efficient operation of the business. D) handles accounting activities related to data processing. 5) Which of the following legal forms of an organization’s income is NOT taxed under individual income tax rate? A) Sole proprietorships. B) Partnerships. C) Limited partnership. D) Corporation. 6) Under which of the following legal forms of organization, is...
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...Chapter One Introduction 1.1 Origin of the Report Non-Banking Financial Institutions represent one of the most important segments of the financial system of Bangladesh and play a very important role in mobilizing and channeling resources In the present day socio-economic scenario, the leasing companies have been continuously playing an increased role in financing industry, trade and commerce and housing, thereby contributing significantly to the economic development of the country. The leasing sector has contributed significantly over the years, despite several constraints. With the challenges of time, the overall growth of the leasing business achieved through diversification of products and services and aggressive marketing with special focus on the SME sector, is indicative of the industry’s contribution to our national economy. It is worth mentioning that, within two decades; the leasing companies have emerged as an alternative source of finance and well sought after arm for credit for SMEs. In order to catch up with the demands of time, most leasing companies have diversified their products and services into other areas like small loans, housing loans, start-up working capital and domestic factoring of accounts receivable. Further to reducing dependence on traditional borrowings from banks for meeting their working capital requirements, some of them have already introduced new financial instruments like Bonds, Securitization of Assets, Syndication...
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...The increasing trend of the current ratio from 2001 to 2002 suggests that the company is capable in paying its short-term obligations. However, it can also be a signal that the company has problems collecting its receivables or have long inventory turnover, both symptoms that the company may not be efficiently using its current assets. Thus, extensive substantive measures should be done. While the declining ratio may be a sign of deteriorating financial condition or it may be the result of eliminating obsolete inventories or idle current assets. But still, the current ratio at 2003 is above 2, the ideal ratio. The gross profit margin ratio consistently increased from 41.1% in 2001 to 41.6% in 2002 and 41.9% in 2003. This profitability analysis ratio measures how much from a company's revenue is available to cover overhead, other expenses and profits. A high gross profit margin indicates that the company can make a reasonable profit, as long as it keeps the overhead cost in control. In running a business it is but...
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...of return for shareholders. Credit risk is most simply defined as the potential that a bank borrower or counterparty will fail to meet its obligations in accordance with agreed terms. The goal of credit risk management is to maximize a bank's risk-adjusted rate of return by maintaining credit risk exposure within acceptable parameters. Banks need to manage the credit risk inherent in the entire portfolio as well as the risk in individual credits or transactions. Banks should also consider the relationships between credit risk and other risks. The effective management of credit risk is a critical component of a comprehensive approach to risk management and essential to the long-term success of any banking organization. Prime Bank primarily lends for trade finance although some amount of project financing is also undertaken. The bank has generally maintained a conservative approach towards lending and management claims that their credit appraisal process is more stringent than that of its local peers. The Prime bank follows a two-tier credit screening process: the branch prepares a credit proposal and sends it to the Head Office, where the credit officers analyze the business...
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...McDonald's | RESEARCH SUMMARY Highlights I issue a Hold recommendation with a target price of $100.86. I’m issuing a hold recommendation on McDonald’s based on a relatively weak five-year growth potential forecasted. From the predicted financial statement, McDonald's Corp.’s revenue growth rate is restricted around 0.3% to 4.06%, which may be influenced by the negative media coverage in 2014. Despite these issues, we can still expect a slight increase in MacDonald’ stock, due to their tied-to-real-estate business. | | | Stable, but not strong financials: Stable Cash, Slightly Decreasing Leverage and Stable margin Market Profile | 52wk Range: | 87.62 - 103.78 | Volume: | 7,282,677 | Avg Vol (3m): | 7,457,610 | Market Cap: | 92.50B | P/E (ttm): | 21.65 | EPS (ttm): | 4.46 | Div & Yield: | 3.40 (3.50%) | I’m estimating McDonald’s to have stable financials over the next five years due to its weak growth potential. Cash is expected to remain stable over the next five years going from $2077.9M in 2014 to $2663.8M in 2019 Proj. Debt / Equity ratio in 2014 was 342.54% and is expected to decrease to 284.62% in 2019 Proj. EBITDA is table from 2012 of 36.61% to 2019 Proj. of 36.62% without significant variance. Price growth drivers/detractors: Price growth drivers in the future: 1) debt to equity ratio is relatively low and is expected to keep decreasing in the future; 2) positive trend in the increasing value of real estate market; 3) financing activities...
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...| | |Develop a Business Plan Worksheet | | | |This worksheet describes the basic components of any business plan. Please note that every plan will be unique to its particular company. | |The Executive Summary | |Include crisp, clear descriptions of the following elements: | |· Company history | |· Company objectives | |· Product/service offerings | |· The market | |· Competitive advantage (A persuasive statement of why and how the business...
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...CASE DISCUSSION Strategy High volume Low Margin (low prices) Wide selection Sales assistance Advertising Problems of high growth Cash flow, both operating and investing Chaos Assimilation Growth Sales 1985 1984 1983 1982 61.9% 68.9% 117.8% 128.3% Yes, this is pretty high Assets 1985 1984 1983 1982 52.5% 137.0% 218.7% 95.3% Yes, this is also pretty high; but it appears HD is a little less efficient at using assets to generate sales. Growth Long-term debt 1985 1984 1983 1982 69.5% 2590.3% 1757.6% -93.7% Yes, this is very high – confirmation that HD is getting a lot of its financing through LTD in recent years. Net income 1985 1984 1983 1982 -41.8% 37.6% 93.1% 267.8% Here is the trouble. Growth is not only slowing, it’s going the other direction. Investors are probably asking, “Is this the beginning of the end? Is HD trying to grow too fast?” So why did HD’s profit decline in fiscal 1985? The company offers several explanations; all related to growth. • However, was HD growing faster in 1985 relative to other years? (No, look at Exhibit 1 and your own analysis) • Did they suddenly become a high growth company in 1985? (No.) • So, why is growth the reason for declining profitability in 1985 but not in prior years? • What is the real reason for the sudden decline in profitability that the company is not telling, and the reason for why stock price is declining? Profitability Gross Profit Reduction of 1.4% (1983 – 27.3% vs. 1985 – 25.9%) With HD...
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...Financial Management includes the following 5 functions * Financing function- raising capital to support firms operations and investment programs * Capital budget function- selecting the best projects in which to invest firm resources, based on a consideration of risks and return * Financial management function- managing firms interna; cash flows and its capital structure to minimize the financing costs and ensure that the firm can pay its obligations when due * Corporate goverance function- developing an ownership and corporate governance system for the firm that will ensure that managers act ethically and in the best interest of stakeholdes * Risk management function- managing the firms exposure to all types of risk Working capital management 1) Working capital management involves managing and financing the current assets and current liabilities of the firm. Primary focus of working capital management is managing inventories and receivables. a) Managing the firms cash conversion cycle- is the length of time between when the firm makes payments and when it receives cash inflows (1) Can be analyzed by using the flowing 3 periods (a) Inventory coversion period (b) Receivables collecton period (c) Payables deferral period i) Inventory coversion period- average time required to convert materials into finished goods and sell them. IVP= avg inventory/ COGS per day ii) Receivables...
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...Internship Report on Functions oF credit risk management in non Banking Financial institutions (nBFi) in Bangladesh A study on IDLC Finance Limited Internship Report on Functions oF credit risk management in non Banking Financial institutions (nBFi) in Bangladesh A study on IDLC Finance Limited Submitted to: Sharmin Shabnam Rahman Dewan Mostafizur Rahman Internship supervisor of the submitter BRAC Business School (BBS) BRAC University Submitted By: Chowdhury Tasmiah Jabeen ID-06104024 BRAC Business School (BBS) BRAC University Date of Submission: 23rd December 2009 Letter of Transmittal_______________________ 23rd December 2009 Sharmin Shabnam Rahman BRAC Business School (BBS) BRAC University Subject: Submission of Internship Report of BBA Programme Dear Madam, It is my great pleasure to submit the internship report on "Functions of Credit Risk management in Non Banking Financial Institutions (NBFI) in Bangladesh, A study on IDLC Finance Ltd " which is a part of BBA Programme to you for your consideration. I made sincere efforts to study related materials, documents, observe operations performed in IDLC Finance Limited and examine relevant records for preparation of the report. Within the time limit, I have tried my best to compile the pertinent information as comprehensively as possible and if you need any further information, I will be glad to assist you. Thanking you, Chowdhury Tasmiah Jabeen ID-06104024 BRAC...
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...Owners and managers use financial statements to make important long-term business decisions. For example: whether or not to continue or discontinue part of its business, to make or purchase certain materials, or to acquire or rent/lease certain equipment in the production of its goods. Prospective investors use financial statements to perform financial analysis, which is a key component in making investment decisions. A lending institution will examine the financial health of a person or organization and use the financial statement to decide whether or not to lend funds. Financial analysis Financial analysis (also referred to as financial statement analysis) refers to an assessment of the viability, stability, and profitability of an organization or project. What we hope to do in this article is show how four principles, or cornerstones, can help senior executives and board members make some of their most important decisions. The four cornerstones are disarmingly simple: 1. The core-of-value principle establishes that value creation is a function of returns on capital and growth, while highlighting some important subtleties associated with applying these concepts. 2. The conservation-of-value principle says that it doesn’t matter how you slice the financial pie with financial engineering, share repurchases, or acquisitions; only improving cash flows will create value. 3. The expectations treadmill principle explains how movements in a company’s share price reflect changes...
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...Internship Report on Functions oF credit risk management in non Banking Financial institutions (nBFi) in Bangladesh A study on IDLC Finance Limited Internship Report on Functions oF credit risk management in non Banking Financial institutions (nBFi) in Bangladesh A study on IDLC Finance Limited Submitted to: Sharmin Shabnam Rahman Dewan Mostafizur Rahman Internship supervisor of the submitter BRAC Business School (BBS) BRAC University Submitted By: Chowdhury Tasmiah Jabeen ID-06104024 BRAC Business School (BBS) BRAC University Date of Submission: 23rd December 2009 Letter of Transmittal_______________________ 23rd December 2009 Sharmin Shabnam Rahman BRAC Business School (BBS) BRAC University Subject: Submission of Internship Report of BBA Programme Dear Madam, It is my great pleasure to submit the internship report on "Functions of Credit Risk management in Non Banking Financial Institutions (NBFI) in Bangladesh, A study on IDLC Finance Ltd " which is a part of BBA Programme to you for your consideration. I made sincere efforts to study related materials, documents, observe operations performed in IDLC Finance Limited and examine relevant records for preparation of the report. Within the time limit, I have tried my best to compile the pertinent information as comprehensively as possible and if you need any further information, I will be glad to assist you. Thanking you, Chowdhury Tasmiah Jabeen ID-06104024 BRAC Business School (BBS) BRAC...
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...harm or damage to _______________. Upon request, this document is to be immediately returned to _______________. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. 1. Executive Summary 5 2. Company Description 6 2.1. Mission and Objective 6 2.2. Management Team 7 2.3. Location and Geography 7 2.4. Development Stage 9 2.5. Product and Services 9 2.6. Financial Status 10 3. Management and Organizational Structure 11 3.1. Overview 11 3.2. Management Team Background 11 3.3. Human Resources Management 12 3.4. Training Program 13 4. Industry Analysis 13 4.1. Size and Growth Trends 13 4.2. Maturity of the Industry 14 4.3. Vulnerability to Economic Factors 14 4.4. Seasonal Factors 15 4.5. Technological Factors 15 4.6. Regulatory Issues 15 4.7. Supply and Distribution 15 4.8. Financial Considerations 16 5. Target Market 16 5.1. Demographics 16 5.2. Geographic 18 5.3. Lifestyles/Psychographics 19 5.4. Purchasing...
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...Case 9 & 10 Analysis Seagate Technology Buyout The Hertz Corporation Advanced Corporate Finance MW 2:00-3:15 PM Question 1 On page 1, the “value-gap” is two-fold. It signifies an under-valuation of Seagate’s core disk drive operating assets due to unfavorable public market investor preferences. Furthermore, the value of the Veritas share price has caused the Veritas stake to far outweigh the value of Seagate’s stand-alone market capitalization. Since Seagate does not own at least 80% of the voting stock in Veritas, distributing the wealth intrinsic in that stake to Seagate shareholders would prove difficult due to the hefty corporate tax rate of 34% that would erode its full-value. From a sum of the parts perspective, it seems that since the Veritas shares held by Seagate appreciated by more than 200%, while Seagate’s shares only increased by 25%, the market assigned relatively no value to Seagate’s market leading position in the disk drive business. This lack of market recognition for the true value of Seagate’s assets forced management to seek action. The management believed that the value of Seagate should be attributed to the value of its operating assets. Since the market was attributing such a high value to its Veritas stake, the market made it appear that Seagate was an investment holding company, rather than being in the disk drives business. There also seemed to be a “value-gap” in the sense that the Veritas stake is attached to business risk in the software...
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...Derivatives: A Beginner’s Module 1686 120 60 100 50 5 4 Equity Derivatives: A Beginner’s Module 1686 120 60 100 50 5 5 1686 120 60 100 50 5 1686 120 60 100 50 5 7 Interest Rate Derivatives: A Beginner’s Module Commercial Banking in India: A Beginner’s Module Securities Market (Basic) Module 1686 120 60 100 60 5 8 Capital Market (Dealers) Module * 1686 105 60 100 50 5 9 Derivatives Market (Dealers) Module * 1686 120 60 100 60 3 1686 120 60 100 60 5 1686 120 60 100 60 5 12 FIMMDA-NSE Debt Market (Basic) Module Investment Analysis and Portfolio Management Module Fundamental Analysis Module 1686 120 60 100 60 5 13 Financial Markets (Advanced) Module 1686 120 60 100 60 5 14 Securities Markets (Advanced) Module 1686 120 60 100 60 5 15 Mutual Funds (Advanced) Module 1686 120 60 100 60 5 16 Banking Sector Module 1686 120 60 100 60 5 17 Insurance Module 1686 120 60 100 60 5 18 Macroeconomics for Financial Markets Module 1686 120 60 100 60 5 19 Mergers and Acquisitions Module 1686 120 60 100 60 5...
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