Financial ratio analysis on
Apex Adelchi Footwear Limited and Bata Shoe Company (Bangladesh) Limited

Letter of Transmittal

14th March, 2

Dear respected Madam,
We are really thrilled to submit the Report on Financial Ratios analysis of Apex Adelchi Footwear limited and Bata Bangladesh Limited. Our analysis was on Fiscal Yearly 2009, 2010, 2011. This report includes the financial ratios, Calculation, Statement Figure of two companies.

Your directions have been firmly followed by us to build up a vibrant picture
Of the company’s financial performance and profile for past 3 (three) fiscal

Executive summary
The task assigned to us was to study the financial Ratios of two companies. We selected Apex Adelchi Footwear Limited and Bata Bangladesh Limited for our term paper. Through this financial analysis, our aim was to understand the financial factors those influencing the company and its decision making. Later, we tried and evaluated the various ratios to appreciate their impact on company’s performance over the last three years, which are year 2009, 2010 & 2011. The financial statements of last three years are identified, studied and interpreted in light of company’s performance. Critical decisions were analyzed and their impact on the bottom line of the company is assessed. Finally, we studied the ratio analysis of the companies to analyze the financial position of the companies in last three years.

Apex Adelchi Footwear Limited (AAFL)
Apex Adelchi Footwear Limited (AAFL), formerly Apex Footwear Limited is the leading manufacturer and exporter of leather footwear from Bangladesh to major shoe retailers in Western Europe, North America and Japan.
AAFL was incorporated on January 04, 1990. In the same year it went into commercial production with an installed capacity of 1000 pairs per day and 350 employees. Today the company is producing