...REPORT ON INVESTMENT DECISION FOR GREINAM INTERNATIONAL Table of Contents Executive Summary 1 1. Introduction 1 2. Basis of Investment Decision 1 3. Figures produced by financial accountants 2 4. Rate of Return on investment 5 5. Net Present Value of the project 6 6. Conclusion and Recommendation 8 References 9 Executive Summary The purpose of this report is to discuss the investment decision regarding the project for the manufacture of new product. I will start by critically analyzing the basis on which current investment decisions are made by the company followed by a review on the figures produced by the financial accountants. I will then present my views on the minimum return that is required on this project and then explain the computation that I have made using the Discounted Cash Flow (DCF) techniques. Finally, I will recommend to you whether to go ahead with the project or not. 1. Introduction Our company, Greinam International is considering investing ₤ 840,000 in new machinery to be used in the manufacturing of one of the company’s products. The information available for this project is not to the satisfaction of our management group and therefore needs a review from the management accountant. The Payback method may not be the correct way of valuing such major investment project and therefore we will use DCF method which is commonly used to appraise investment project. There are a number of elements which have cropped up during my meetings with my colleague...
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...Economic Recession Ministry spokesman Shen Danyang said China's inbound foreign investment had been relatively stable against the backdrop of shrinking global investment amid economic recession. "The inbound foreign investment growth has been positive for three months in a row, indicating China's economic competitiveness and foreign investors' confidence in the country," Shen said. According to a latest report by consulting firm KPMG, China has become the top destination for sourcing among multinational companies outside their home country with these companies moving more of their research units close to production bases. However, the investment outlook remained murky as China's overall economic performance in recent months fell short of expectation and pointed to a fragile recovery, analysts said. "China's economic recovery has been softer than expected since March, which may discourage foreign investment in the short term," said Li Maoyu, an economist at Changjiang Securities Co. China's gross domestic product expanded 7.7 percent from a year earlier between January and March, weakening from the pace of 7.9 percent in the final quarter of last year. The World Bank recently lowered its projection of China's growth this year to 8.3 percent from the previous 8.4 percent, citing risks in the property sector, financial system and local government liabilities. During the January-April period, investment from the 27-member EU rose 29.7 percent to US$2.5 billion, while capital from...
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...What options do Foreign Investors have when States violate agreements? Foreign investment has played a critical role to the World’s economy, so promoting and protecting foreign investment can bring big benefits for the developing and developed countries. So when States violate agreements, the foreign investors may have some main options to protect their rights in the investment. First is the ICSID Convention and it stands for the Convention on the Settlement of Investment Disputes, also known as the Washington Convention, which is formulated by the World Bank. The Convention made the establishment on the International Centre for Settlement of Investment Dispute, which is an international organization to solve the investment dispute between the contracting states and the nationals of other Contracting States. The aim of the Center is to “promote an atmosphere of mutual confidence between States and foreign investors conducive to increasing the flow of private international investment.” Otherwise, there are sets of rules about arbitration or conciliation. So after meeting the requirements, foreign investors can be protected efficiently according to the ICSID Convention when the States violate the agreements. Another one is the BITs and it means bilateral investment treaties. The purpose of the BITs is to make a benefit to the State and also for the benefit of an investor, so according to the BITs, the rights of the foreign investors can be protected successfully when the...
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...Self-Judging Clause 1. There are facts that needs to be emphasized in this situation. * State X has accepted the jurisdiction of the ICJ in a unilateral declaration pursuant to article 36 (2) of the ICJ’s statute. * There are following provision in the declaration. “This declaration shall not apply to disputes with regard to matters which are essentially within the domestic jurisdiction of state X as determined by state X.” a. International Court of Justice: Compliance 2. There are facts that needs to be emphasized in this situation. * State A sues state B in the ICJ. * The court hands down a judgment that is adverse to state B. * State B refuses to comply with the judgment. Arbitration 3. There are facts that needs to be emphasized in this situation. * State C and State D are both signatories of the Washington Convention that created the International Center for the settlement of investment disputes (ICSID) * Both have notified ICSID that they consider all types of investment disputes as arbitrable. * Cee Co. is a multinational firm in state C, and state D asked Cee Co. to set up a subsidiary in its territory and promised Cee Co. that it would give it a tax holiday for 20 years. * Cee Co required state D to sign an ICSID arbitration agreement. * But the government of State D changed and has cancelled the tax holiday of Cee Co. * In anticipation of Cee Co. seeking ICSID arbitration, state D has informed...
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...Career Choice Report Investment Banker or International Corporate Attorney? Prepared for xxxxxxxxx Prepared by xxxxxxxxxxx April 8, 2013 Date: April 8, 2013 To: xxxxxxxxx From: xxxxxxxx Re: Sharing Research on My Career Choice I am writing this in response for the request in information on my career choice. I am sure you believe that this assignment is important for me to consider what I want to do with myself over the next few years. Since I am in the business school, it is important that I reach a decision based on business. The two careers I researched were International Corporate attorney and Investment banker. Hopefully the details provided in this report will give you solace. I found information that brings to light what my future career should be. I believe I told you international law was something that interested me while a career in finance such as investment banking was also on my mind. My decision is based upon the best available research and is also the best decision for me more importantly. Since this report is based on my needs, I think that it is best to reveal them. My goal is to someday raise a family somewhere in the United States. So the criteria I am evaluating my career decision on is based with that goal in mind. There are specific needs that I would like filled with my career and families have unique needs. This report will contain many facts and figures based on research collected over a large period of time...
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...the similarities and differences that occurred in both epochs and further examines the implications of this process both in the past and in the present as it includes three main characteristics, increases in international trade, investment and finance. Nayyar defines globalisation as a “deepening economic integration in the world economy” and is cautious to advise that this process is neither symmetrical nor new. Paradoxically he points out that whilst globalisation in the new era advocates free trade, this freedom is limited to the flow of goods and services whilst restricting the movement in labour. The period 1870-1914 was a true era of free trade, where the dominant ideology was economic liberalism. This was an era of rapid growth in international trade, finance and investment where statistics showed that Western Europe was the engine of this growth. In theory it was believed that trade liberalization was the sole variable responsible for the expansion in international trade. Nayyar points out that the increase in international trade was more the result of a strategy to increase trade between the developing world and the developed world than trade liberalization. Likewise international investment expanded rapidly between 1870 and 1914. This investment formed a significant part of the output for the developing and industrializing world and was a source of income for the net...
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...RMIT International University Vietnam Bachelor of Commerce Program Assignment Cover Page Subject Code: BUSM3311 Subject Name: INTERNATIONAL MANAGEMENT Location & Campus (SGS or HN) RMIT SGS Campus where you study: Title of Assignment: Report Proposal File(s) Submitted: BUSM3311_G4_A1_s3192820_PhanThu yChau Student names: Phan Thuỵ Châu Student Numbers: s3192820 Lecturer and Group number: Mr. Dung Huynh Group 4 Assignment due date: 5pm 23rd March 2012 Date of Submission: 22nd March 2012 Late Submission Approval: NI Number of pages including this one: 12 pages Word Count: 1099 (Main Content) BUSM3311 – International Management [REPORT PROPOSAL] Table of Contents A. Objective.............................................................................................................................................................3 B. Potential Market Analysis ........................................................................................................................4 C. Business Model ...............................................................................................................................................5 1. Foreign Acquisition: ...................................................................................................................................5 2. Going alone: Greenfield Entry:...............................................................................................................6 D. Environmental Issue ..........
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...Billabong International Business Description Billabong International Limited (BBG) produces surfwear and sports apparel and accessories for the surf, skate and snowboard markets. BBG now has a presence in more than 60 countries. The Billabong brand is targeted to both active participants in surf and extreme sports and people who desire to be identified with its image. BBG supports the promotion of the Billabong brand through the sponsorship of athletes and events. 27 July 2012 Recommendation Recommendation: Relative to: _BLANK_ Small Ind (ex Fins) Investment Fundamentals ASX code: Stock price: Market cap: Y\E 30/06/2012 Reported e $m Adjusted e $m EPS adjusted ¢ EPS growth % PE x PE relative x DPS ¢ Yield % Franking % 2012e 39.3 39.4 14.5 -68.8 9.3 0.6 3.0 2.2 0.0 2013e 315.6 60.6 16.5 13.6 8.2 0.8 0.0 0.0 2014e 66.2 66.2 13.9 -16.1 9.7 1.1 0.0 0.0 BBG $1.35 $647m 2015e 81.7 81.7 17.1 23.4 7.9 0.9 Strategy Analysis BBG´s strategy is to differentiate its products through quality, novel designs and branding. Management aims to initially build up a core niche brand then slowly differentiate products to appeal to a broader market without diluting this core. This strategy has been successful in moving designs away from men´s surfwear to the broader general apparel market. Management is duplicating this strategy with its less mature skate brand. This strategy aims to tap latent demand for products within a broader international market.Billabong International reported NPAT...
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...Introduction The purpose of auditing is increasing the confidence of people who want to do investment. In order to check the financial statement of listed companies, auditing become more and more important in the society. The people cannot know more the situation about listed companies, so they use auditors’ report to think their investment. However, with more and more scandals about auditing, many people think whether external auditors’ reports provide information to investor that serves the public interest under the current regulatory environment. The public interest First, it is important to know what the public interest is. In order to know the public interest better, we can understand it separately. The public represents social that is abstract concept. It conflicts the private that is specific and certainly. Social is universality and uncertainty. Its function is adjective interest. The International Federation of Accountants (IFAC) defines the public interest as ” The net benefits derived for, and procedural rigor employed on behalf of, all society in relation to any action, decision or policy.” It means that everyone in the society may obtain the interest from all society in relation to any action, decision or policy. The auditing profession is relation to the benefit to the society. The public interest from auditing profession is like the responsibility of this profession. This interest is not direct interest, but the auditors will use their behavior to show their...
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...------------------------------------------------- Team 129R 5th National Law School International Arbitration Moot Court Competition, 2012 ------------------------------------------------- ------------------------------------------------- In the matter of an Arbitration at, Somali City, Democratic Republic of Calona under the Calona-Nolania Bilateral Investment Treaty ------------------------------------------------- Wayne Electronics.........................................................................................................Claimant v. Democratic Republic of Calona……........................................................................Respondent ------------------------------------------------- (Arb/Cas/12/35) ------------------------------------------------- ------------------------------------------------- Memorandum for Respondent ------------------------------------------------- Table of Contents Table of Abbreviations I Index of Authorities IV Statement of Jurisdiction XI Statement of Facts XII Questions Presented XV Summary of Pleadings XVI Arguments Advanced 1 I. The Tribunal Does Not Have Jurisdiction Over The Claims Brought Before It. 1 A. The undertaking of the Claimant does not amount to an investment. 1 B. The Tribunal does not have jurisdiction over contractual matters. 2 1. The Tribunal does not have jurisdiction over contractual disputes because of an exclusive dispute resolution clause...
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...Internship Report on “An Analysis of Financial Performance of BRAC Bank Ltd” Supervised By: Sk. Habibur Rahaman Senior Lecturer Manarat International University Prepared by: Al Sukran ID-1413MBA50346 Manarat International University Department of Business Administration Manarat International University Date of Submission: January 30, 2015 Internship Report on “An Analysis of Financial Performance of BRAC Bank Ltd” Supervised By: Sk. Habibur Rahaman Senior Lecturer Manarat International University Signature of Supervisor Prepared by: Al Sukran ID-1413MBA50346 Manarat International University Department of Business Administration Manarat International University Date of Submission: January 30, 2015 LETTER OF TRANSMITTAL January 30, 2015 To Sk. Habibur Rahaman Senior Lecturer Department of Business Administration Manarat International University Subject: Submission of Internship Report on “An Analysis of Financial Performance of BRAC Bank Ltd” Dear Sir, With due respect to state that I am AL SUKRAN, ID-1413MBA50346 is a student of Masters of Business Administration of Manarat International University. I am delighting to submit here with a copy of internship report for your kind evaluation and appreciation. I have given my best effort to prepare the report with relevant information that I have collected from BRAC BANK LTD and from other sources during my internship program...
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...corporate reports provide reliable, relevant, objective, and comparable information to users. 2. Critically evaluate the importance of discounted cash flow techniques in investment decisions. Illustrate your answer with your examples. 3. Discuss the relative importance profitability and liquidity for the survival of a business and explain how the working capital can be managed to minimise the risk of liquidity problems. Shahrzad Parhizgar Student Number: B0229JTJT1112 February 2013 Lecturer:PalanAmbikai Word Count: 2980 Financial Analysis & Management Assignments February 1, 2013 Table of Content LEGAL & PROFESSIONAL REGULATORY FRAMEWORKS ENSURING RELIABLE, RELEVANT, OBJECTIVE, AND COMPARABLE DATA ........................................................................................................................................ 3 INTRODUCTION ....................................................................................................................................................... 3 FINANCIAL INFORMATION USERS ................................................................................................................................ 3 LEGAL AND PROFESSIONAL REGULATORY FRAMEWORKS ................................................................................................. 4 FINANCIAL REPORTS CHARACTERISTICS ........................................................................................................................ 5 INVESTMENT DECISION...
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...A Report on Ratio Analysis of BRAC Bank 1.0 Introduction 1.1 Origin of the Report To be an efficient business executive, a student of business study must have practical knowledge about the financial activities of any business organization. Financial Management (FIN 301) course is giving the theoretical knowledge of financial management activities but only theoretical knowledge cannot make students efficient. Ms. Nasreen Sultana, course instructor for this course gave an assignment on 28 November, to write a business report on ratio analysis of BRAC bank as a part of the study of this course. 1.2 Purpose of the Report Purpose of the report is to know financial performance of BRAC bank. This report will help to gather knowledge about financial performance of the bank and the improvement and decline in performance compared to the previous year. 1.3 Scope of the Report This report has been prepared only covering financial area of the bank with giving emphasize on ratio analysis taking data from annual report of the bank. 1.4 Methodology: For preparing this report, information has been mainly collected from the annual report of the BRAC bank and the bank's website. The various ratio analysis are used in the report, which were collected from the annual reports, and financial statements and the ratios that are not found in the annual report directly are calculated from the information provided in the annual reports. Ten ratios have been selected to judge the various...
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...International Finance Regina Ingel, Teri-Lee Begay, Kyle Oswald, and Clint Gray FIN/419 May 25, 2015 Jon Payne International Finance Coca Cola (CCE) has a huge footprint across the world. They are located in over 200 countries. With a footprint of that size it is vital for CCE to work with an investment bank. A discussion of the global banking process and how it has assisted CCE, how regulatory bodies affect financial decisions, and evaluate contemporary issues in international financial management. Global Investment Banking Investment banks are institutions that support companies, for instance, Coca Cola (CCE) in many different ways. First, they assist CCE in raising capital. Second, they offer advice on major transactions including mergers and financial restructuring. Finally, they engage in trading and market making activities for CCE (Gitman, 2014). Coca Cola is sold in over 200 countries. In fact there are only 2 countries in which Coca Cola is not sold, Cuba and North Korea. Both of these countries are under long-term US trade embargoes. However, the rest of the world is able to sell Coca Cola without any issues. In the last six months Coca Cola has acquired SABMiller, Appletiser brands and 19 non-Alcoholic ready to drink brands in Africa and Latin America (Bloomberg, 2014). The acquisition cost CCE $260, but gives them a bigger presence in Africa and Latin America. An acquisition of this nature is done with the help of an investment bank who in most...
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...of the Egyptian accounting system with emphasis on the development of the Egyptian Accounting Standards. In addition, this case makes recommendations for the reformation of the Egyptian accounting system. Keywords: Egypt, International accounting standards, Egyptian accounting standards, Egyptian accounting system, Privatization, Culture The state of accounting, Page 1 Journal of Business Cases and Applications 1. INTRODUCTION The purpose of this case is twofold. The first goal is to present an analysis of the development of the Egyptian accounting system. The second goal is to provide several recommendations to facilitate the Egyptian accounting reformation. Once accounting reformation occurs, Egyptian companies can prepare financial reports that will be of greater benefit than those at present. To Egyptian companies the result will be an increase in foreign investment and funds raised from external sources. With these goals as the objective, Egyptians need to comprehend successful accounting systems and extract that which may be applied to the Egyptian system. The process of accounting reformation in Egypt and the politics of setting standards are the main issues discussed within this case. This case may be used in international accounting courses at both the undergraduate and the graduate levels. It is important to note that this case follows ‘The Sate of Accounting in Armenia’ by...
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