...| Financial Statement analysis and ValuationHeidelberg Cement Bangladesh Limited | | 7/22/14 | F401 | | ------------------------------------------------- Course Instruction Financial Statement Analysis and Valuation F-401 ------------------------------------------------- Submitted to Dr. Mahmood Osman Imam Professor Department of Finance University of Dhaka ------------------------------------------------- Submitted by Md. Faraz Hassan 17-026 ------------------------------------------------- Member of Section: B BBA 17th BATCH Department of Finance University of Dhaka Submission Date: 22-July-2014 Letter of transmittal 22 July, 2014 Dr.Mahmood Osman Imam Professor Department of Finance University of Dhaka Subject: Submission of the report ‘Financial Statement Analysis on ‘’Heidelberg Bangladesh Cement Ltd.’’ Dear Sir, As per the requirements of the course, Financial Statement Analysis and Valuation (F-401) offered at Department of Finance, University of Dhaka under your supervision, I submit here my report on ‘Financial Statement Analysis of Heidelberg Bangladesh CementLtd’ that you assigned me to prepare. My final report is based on data from various sources and basis on our findings. I believe that the knowledge and experience that I gained will be of great importance both for future courses and work lives. I would also like to state that the sole purpose of creating the report is for the completion of the course...
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...A Project On FINANCIAL ANALYSIS Of AMBUJA CEMENTS LTD. Submitted By: Darpan Gupta Dhruv Chaudhary 2010BB50012 2010BB50015 Indian Institute of Technology, Delhi April 2013 Acknowledgement We would sincerely like to thank Mr. Sanjay Gupta, Head (marketing and commercial services), Ambuja cements Ltd. for giving us his precious time to talk to us and brief us about the company. We would also like to thank Prof. Shweta Singh for teaching us SML-‐401. Most of the data has been taken from www.moneycontrol.com and rest from the company official website : www.ambujacement.com Table of Contents Cement Sector – India: ........................................................................................ 4 Ambuja Cements: ................................................................................................ 4 History: ..........
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...Financial Analysis of DG Khan Cement Company Ltd. Preface As the world is growing rapidly, the businesses are also moving to become the huge one. And by that result, more and more people want to become a master in these businesses. The main purpose in the finance field is to know how the financial analysis is done. We all know that finance is the blood of any business and without it no business can run. Financial analysis of a company is very difficult and the most important task and by doing this I am able to know the whole financial position and financial structure of the company. Simply by looking at how much cash a company has does not provide enough information. The financial statements need to be analyzed to measure a company’s performance and to compare it with other firm’s in the same industry. The resulting information is intended to be useful to owners, potential investors, creditors, analysts, and others as the analysis evaluates the past performance, future potential and financial position of the firm. This report is an analysis of financial statements of D.G. Khan Cement Company Ltd. This report has been prepared with an objective to develop analytical skills required to interpret the information (explicit as well as implicit) provided by the financial statements and to measure the company’s performance during the past few years. The financial statements are analyzed using traditional evaluation techniques such as horizontal analysis, vertical...
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...| 2014 | LUCKY CEMENTS LIMITED | FINANCIAL ANALYSIS OF YEARS 2011, 2012 & 2013 | Prof. Tariq Abbasi Zoya Siddiqui (Group Lead) Jawad Zeb Ayesha Tiwanna Beenish Wazir MBA-(A) 2K13 NUST BUSINESS SCHOOL Table of Contents Introduction…………………………………………………………………….3 Aim of study……………………………………………………………………6 SWOT and PEST Analysis…………………………………………………….7 Ratio Analysis ………………………………………………………………...10 * Common Size Analysis * DuPont Analysis * Liquidity Ratios * Profitability Ratios * Debt Management Ratios * Asset Management Ratios * Market Ratios Financial Risk Analysis (Briefly)…………………………………………….. 28 Conclusion and Recommendations………………………………………….…30 Limitations …………………………………………………………………….32 References ……………………………………………………………………..34 Acknowledgement After thanking Allah Almighty for giving us the strength and potential to develop the project at hand, we would like to express our gratitude towards our parents, our Financial Management instructor Mr. Tariq Abbasi and group members for their full dedication; kind co-operation and encouragement that made possible for us to complete the research duly. Many thanks and appreciations go to my colleagues for their timely assistance and last but not least, the people who have helped us out. Introduction The cement industry in Pakistan is composed...
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...Summary Cement industry of Bangladesh is in its growth stage. The industry is developing day by day. Lafarge Surma Cement Limited is one of the major producers of quality cement in Bangladesh. As per the course requirement we are told to conduct the fundamental analysis of Lafarge Surma Cement Limited. The company is a listed company and its shares are traded in the capital market. We have collected the annual reports of last couple of years and from the data we have prepared the proforma income statement, free cash flow and then ultimately the valuation of the company’s share. We have shown the market strategy of the company. They prefer differentiation that is high price for high quality. The industry life cycle indicates that Cement industry is in its growth stage. We have shown the competitive forces along with Michael Porter’s five force model. Competitive advantage and disadvantages are described there. Then the ratio analysis gives us the performance of the company. Then the prospective analysis gives us the intrinsic value of the company’s share, which is 16.79 Tk. whereas on 31 December, 2012 the market price was around 32 Tk. We have confirmed our valuation with the help of Sensitivity, Scenario and Simulation analysis. After the valuation we have found that the share is priced higher than the intrinsic value. That means the share is Overpriced. Holders of the share should sell the share or should take a short position of Lafarge surma’s’s share. Analysis of the performance...
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... third largest Cement producer „Cemex“ worldwide Name Industry Products CEMEX Building materials Cement Ready-‐ mix concrete Construc8on aggregate 1906 San Pedro Garza Garcia, Mexico Lorenzo Zambrano 54,635 In 50 countries Founded Headquarters CEO Employees Opera8ons Revenue Mean facts of the historical development from Cemex Year AcAon Founded 1906 near Monterrey as Cementos Hidalgo Cement plant Merged with Cementos Portland Monterrey, to Cementos Mexicanos , later renamed to CEMEX 15,000,000 1 billion 65,000,000 5 billion 10 5 3 ProducAon Revenues Int. per year PosiAon 5000 1906 1931 1980s Became mexicos market leader 1987 2000 First expansion in the USA Opera8ons in more than 15 countries Decreasing transportaAons costs are the biggest advantages of the globalizaAon CompeAAve advantage= Using vola8lity in the na8onal cement industry by being in...
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... third largest Cement producer „Cemex“ worldwide Name Industry Products CEMEX Building materials Cement Ready-‐ mix concrete Construc8on aggregate 1906 San Pedro Garza Garcia, Mexico Lorenzo Zambrano 54,635 In 50 countries Founded Headquarters CEO Employees Opera8ons Revenue Mean facts of the historical development from Cemex Year AcAon Founded 1906 near Monterrey as Cementos Hidalgo Cement plant Merged with Cementos Portland Monterrey, to Cementos Mexicanos , later renamed to CEMEX 15,000,000 1 billion 65,000,000 5 billion 10 5 3 ProducAon Revenues Int. per year PosiAon 5000 1906 1931 1980s Became mexicos market leader 1987 2000 First expansion in the USA Opera8ons in more than 15 countries Decreasing transportaAons costs are the biggest advantages of the globalizaAon CompeAAve advantage= Using vola8lity in the na8onal cement industry by being in...
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...Report on Union Cement Company Table of Contents 1. Economic Analysis 2. Company analysis • Horizontal and Vertical Analysis of Income Statement • Horizontal and Vertical Analysis of Balance Sheet • Ratio Analysis 3. Estimating Beta 4. Estimating the Intrinsic Value of the Stock Economic Analysis The country is a merged form of six states in 1971 and together they formed United Arab Emirates. It is one of the prospering economies of the world whose per capital income is in par with some of the most developed nations of Europe. This is attributable to the oil revenues and the booming real estate market. UAE is also now fast developing as alternative luxury tourist destination. However, the falling oil prices, banking crisis and turbulence in the real estate have done a lot of damage to the economy. The economy of UAE is open with the high living standard of the people and equally higher per capital income with the annual trade surpluses as well. In the last 30 years, the economy of UAE has always been known as that of based on oil and oil products but some serious efforts in last two decades has changed this scenario and now the GDP of UAE based on oil and natural gas is just 25%. The government is now quite concerned with the creation of jobs, creation of world class infrastructure and opening up its many areas for the private players. The country is also now committed in making UAE a truly world class destination for...
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...Report On Analysis of Environmental Costing Research Submitted To: Asphia Habib ACT202 Section- Submitted By: NAME | ID | | | | | | | Letter of Transmittal 6th December 2012 Ashphia Habib BRAC Business School BRAC University. Dear Ma’am, We are delighted to present the Report on “Environmental Costing and Analysis” of Square Bangladesh. Your instructions have been strictly followed by us to build up a vivid picture of the company’s Environment issues & cost performance as you have mentioned. Yours Sincerely, NAME | ID | | | | | | | Thank You. Executive summary Premier Cement Mills Ltd is one of the leading cement companies of the country. The company was started off by top ranking businessmen who had long years of experience in the cement business. In this report, we have tried to give a complete picture of the cement industry of Bangladesh. For a background, the history of the cement industry has been included. We have also focused on the various stages of the cement industry in our country hi-lighting on some of the important years and legal situations that took place. The ranking of the top ten cement companies have also been given which is followed by a thorough analysis of the cement industry in terms of different Environment issues. The position of the cement industry and Premier Cement Mills Ltd...
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...Description of the company YTL Cement Bhd was founded by Executive Chairman Tan Sri Dato’ Seri Dr Yeoh Tiong Lay after whom the company is named. It is a manufacture of cement, concrete, and quarry products and provided materials related to construction industrial. Currently it is the second largest cement producer and the largest producer of ready-mixed concrete in Peninsular Malaysia. Cement is an inorganic, non-metallic substance with hydraulic binding properties, and is used as a bonding agent in building materials. It is a fine powder, usually grey in colour, that consists of a mixture of the hydraulic cement minerals to which one or more forms of calcium sulphate have been added (Greer et al., 1992). YTL Cement Bhd is one of the business by YTL Corporation Bhd (YTL Corp) since 1955. YTL Corp is an infrastructure conglomerates. Other of subsidiaries are power supply, hotels and properties, land and development, high speed rail, operating and maintenance activities, IT incubation, real estate investment trust, and carbon consulting.(ytl.com, 2016) According to (The Star Online, 2010) “With its cash reserves amounting to about RM10.8bil, analysts said YTL Corp could easily acquire assets up to US$25bil-US$30bil without the need to raise more money. It had been reported that the group was looking at acquisition opportunities in the water utilities, power generation and cement businesses, especially in China where it wanted to grow its presence in cement and power generation.” Therefore...
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...Letter of Transmittal September 25, 2012 The Supervisor Roushan Ara Sultana Assistant Professor Faculty of Business Administration University of Science & Technology Chittagong (USTC) Subject: Submission of BBA Internship Report on “Analysis of the Cement Industries of Bangladesh in respect to Royal Cement Limited.” Dear Madam, It is indeed, a great pleasure for me to be able to submit my internship report on “Analysis of the Cement Industries of Bangladesh in respect to Royal Cement Limited” I expect this report to fulfill the requirements of my internship program (BBA) at Royal Cement Limited. I have given my best effort in preparing this report and top makes it a worthy one. In order to prepare this report I have gathered some practical knowledge about Royal Cement Limited, which will assist me to incorporate my professional life and will enrich my real of knowledge. My each aspect of the topic is tried to cover as required and as per direction. I would like to take this opportunity to thank you for all the help that you extended throughout the writing of this report. I fervently hope that you will find this report worth reading. If you have any queries regarding this report, you are welcome to contact me. Sincerely Yours Pappu Kumar Banik Roll No: - 697, Reg. No: - 671 (BBA) 23rd Batch Faculty of Business Administration University of Science and Technology Chittagong (USTC) Page | 1 University of Science and Technology Chittagong Acknowledgements First of all,...
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...“Lafarge: Business Analysis” Submitted by: Anna Stocker on behalf of Group 1 (Soheil Aly Maher, Ali Jones) Business Analysis and Assessment MSc Operations and Supply Chain Management Student ID: 15940635 Word count: 4,147 August 1st 2012 EXECUTIVE SUMMARY Lafarge desire to be the world leader in building materials, encourages great commitments to customers, employees, and other stakeholders. The organization has developed it’s strategies, geographical focus, product mix and operational elements to regularly keep up with the changing market place and sustain it’s leading role. The restructuring of the organization has vastly improved performance. Grouping the cement and the concrete division under the same country manager instead of having two enables specific focus to the end consumer as well as cutting unnecessary internal costs. After organizational restructuring, the company changed it’s geographical focus going from the normal traditional structures in place in Asia, Middle East, Europe and North America, to new adaptable structures in emerging markets. This change included dividing operations into 3 regions, so that each center would be a mix of both emerging and developing – this way. Weaker markets could piggyback on the benefits of developed regions. This approach stemmed from the reality that emerging countries are driving sustainable needs for infrastructure and housing. Changing the product portfolio and market differentiation remained...
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...MANAGEMENT Report on Capstone Project “Impact of financial risk on capital structure decision in cement industry of India” Submitted to Lovely Professional University In partial fulfilment of the Requirements for the award of Degree of Master of Business Administration Supervisor: Mr. Rohit Bansal Submitted by: Shalini Sahay 10808654 Khalid Anwar 10805151 Suman Saurabh 10808885 Varun Kakkar 10810014 Gurpreet Singh 10806126 DEPARTMENT OF MANAGEMENT LOVELY PROFESSIONAL UNIVERSITY JALANDHAR NEW DELHI GT ROAD PHAGWARA PUNJAB 1 CERTIFICATE This is to certify that the project report titled “Impact of financial risk on capital structure in cement industry of India” carried out by Miss. Shalini sahay has been accomplished under my guidance & supervision as a duly registered MBA student of the Lovely Professional University, Phagwara. This project is being submitted by him/her in the partial fulfilment of the requirements for the award of the Master of Business Administration from Lovely Professional University. Her dissertation represents her original work and is worthy of consideration for the award of the degree of Master of Business Administration. ___________________________________ (Name & Signature of the Faculty Advisor) Date: 2 CERTIFICATE This is to certify that the project report titled “Impact of financial risk on capital structure in cement industry of India” carried out by Mr.Khalid anwar has been accomplished under my guidance & supervision...
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...the cement industry of Pakistan The construction and material sector of Pakistan is supporting like the right hand in the economy of Pakistan. Though the cement industry in Pakistan has witnessed its lows and highs in recent past, it has recovered during the last couple of years and is buoyant once again. Pakistan cement factories continue to make significant progress in cement exports. The industry is contributing around Rs. 30 billion per annum to the national exchange in the shape of excise duty and other taxes and is also adding around Rs. 100 billion to the GDP of the country each year. The industry has been offering direct and indirect employment opportunities to more than one lakh people. Total investment in the cement industry currently exceeds Rs. 160 billion and is likely to go further up to Rs. 200 billion by 2011. Despite unprecedented growth in demand of cement, the industry is currently not able to generate adequate margins due to low level of prices of cement. (A. Cement, 2009) Cement industry overview Pakistan is ranked 5th in the world’s cement exports after a huge increase of 47 percent in exports during last fiscal year. According to the (Global cement report, 2009) China maintained first position with 26 million tonnes in exports, while Japan got second position by exporting 12.6 million tonnes of cement. Third largest cement exporter in world is Thailand with around 12 million tonnes, followed by Turkey which exported 11.6 million tonnes of cement. Pakistan...
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...STAMFORD UNIVERSITY BANGLADESH Assignment On: Capital Structure Analysis of Lafarge Surma Cement Limited Course Title: Finance Theory Course Code: FIN -608 Submit To Mohammad Salahuddin Chowdhury, ACA Assistant Professor, Dept. of Finance, University of Dhaka Submit By Md. Jahidul Islam; ID: MBA-05014570 Jabun Nahar; ID: MBA 05014443 Rajib Kumar Saha; ID: MBA 05014533 Date of submission 17th April 2013 Letter of Transmittal April 17, 2013 Mohammad Salahuddin Chowdhury, ACA Assistant Professor, Dept. of Finance, University of Dhaka Subject: Submission of Assignment titled “Capital Structure Analysis of Lafarge Surma Cement Limited”. Dear Sir, This is informing you that I have done this assignment on “Capital Structure Analysis of Lafarge Surma Cement Limited”. It is a great pleasure for me to present you such type of assignment. To prepare this assignment I collect essential data. I learnt a lot of unknown issues of direct Marketing, while preparing this assignment. This assignment was a challenging experiences for us a theoretical as well as practical. I tried my best to make the assignment a sound one as per your valuable counseling and proper guidance. I express our gratitude to you for giving us the opportunity to making this assignment. I would be obliged if you kindly call me for any explanation or any query about the assignment as and when deemed necessary. Within the time limit, I have tried my best to compile the pertinent information as comprehensively...
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