...PRESENT SCENARIO OF CERAMIC INDUSTRY The global ceramic industry is worth of US$20 billion. Bangladesh is perfectly positioned to expand rapidly in this sector with its high quality, cost ratio and creative human resource base. Traditionally, ceramic industry is a labor-intensive sector and companies in developed countries experience difficulties in remaining competitive due to rising labor cost and recent global financial crisis. Bangladesh, being a gas rich, low-labor cost economy and having advanced ‘bone china’ technology, is perfectly positioned to be a strategic partner in production and supply of ceramic goods (Board of Investment, Bangladesh). The ceramic industry is surprisingly not quite a new one in Bangladesh. It dates back to 1962. People Ceramic Industries Ltd (PCI) pioneered the manufacture of porcelain tableware in Bangladesh (Khandaker and Alamgir 2006). According to Bangladesh Ceramic Ware Manufacturers Association (BCWMA), there are approximately 40 ceramic manufacturers operating in this industry producing tableware, sanitary ware and tiles. A medium scale ceramic plant needs around Taka 10 crore (Taka 100 million) in initial investment and the BCWMA sources say the present investment in the country’s ceramic industry is roughly about Taka 2,000 crore (Taka 20 billion) and this sector employs one lakh (0.1 million) workers. Shinepukur, Monno, Bengal Fine, Standard, Peoples and National Ceramic are considered as major players in ceramic tableware market. RAK...
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...http://www.scirp.org/journal/jss http://dx.doi.org/10.4236/jss.2014.23003 Exploring Competitive Strategies of China Ceramic Tile Industrial Cluster in Global Economy Mei-Hor Lo, Dechang Han Business School, Nankai University, Tianjin, China Email: matthew@gearex.com.tw Received November 2013 Abstract In this paper, we discuss the competitive paradigm between globalization and local development in the ceramic tile industrial cluster, based on the Porter’s theory in exploring the factors of the global competitiveness. We analysis the theory of cluster and competitive theory to compare two ceramic tile clusters in different contexts for tracing the mechanism and path constructed ceramic industry international competitiveness and strategy formation. In the study, we discuss what changes come into play addressing the radical changes in world markets, both for ceramic tiles and for surrounding ceramic tile supportive industries. These issues will be discussed with amount of literature reviews through the various perspectives to explore more comprehensive insight to China ceramic tile industry. Keywords Ceramic Tile; Industry Cluster; Agglomeration; Competitive Strategy; Resource Based View 1. Introduction As the world’s largest producer, consumer and exporter of ceramic tiles, the sheer scale of China’s volumes has been driving world growth in production, consumption and exports for over 15 years [1]. China’s advantages in globalization and international tile industrial...
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...soared. Then, in the second half of the 1980s, the industrial sector went though a crisis, while the service sector expanded. With the onset of the second millennium, the loss of jobs in the industrial sector seems to have stabilized, and although facing tough international competition, Italian companies appear ready for the challenge. HISTORY OF CERAMIC TILES: Rumors have it that the first clay tiles were produced seven to eight thousand years ago in the area now known as the Holy Land. Many sources independently verify that the actual known history of Tiles, (and the known usage of wall and floor tile coverings) can be traced back as far as the fourth millennium BC (4000 BC) to Egypt. In those days, in Egypt, tiles were used to decorate various houses. Clay bricks were dried beneath the sun or baked, and the first glazes were blue in color and were made from copper, very exquisite! During that period ceramics were also known to be found in Mesopotamia. These ceramics bore decorations, which were white and blue striped and later possessed more varied patterns and colors. Later on, in China too, the great center of ceramic art, a fine, white stoneware with the earliest Chinese glaze was produced during the Shang-Yin dynasty (1523-1028 BC). The usage and the art of making and...
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...About Company RAK Ceramics (Bangladesh) Limited, a UAE-Bangladesh joint venture company, was incorporated in Bangladesh on 26 November, 1998 as a company limited by shares under the Companies Act 1994 and started its commercial production on 12 November, 2000. The Company engaged in manufacturing and marketing of ceramics tiles, bathroom sets and all types of sanitary ware. Within the short span of eight years RAK has firmly established itself as one of the leading manufacturer of high quality ceramic wall, floor tiles, gres porcellanato and sanitary wares products in Bangladesh. RAK Ceramics (Bangladesh) Limited is an ISO 9001:2008 certified organization. RAK Ceramics PSC, UAE incorporated in 1989, is the parent company of RAK Ceramics (Bangladesh) Limited. In October 2003 RAK Ceramics PSC, UAE was listed on Abu Dhabi Stock market (ADX). RAK Ceramics Group as whole has a manufacturing facilities in UAE, Bangladesh, China, Sudan, Iran & India. The company opted for a long-term policy; to produce quality products, to be a respectable partner and to keep its customers satisfied. RAK Ceramics PSC, UAE drive for excellence and an insatiable appetite for quality and customer satisfaction were accredited with the ISO 9001 certification by CICS (Ceramic Industry Certification Scheme), UK in 1997 & ISO 14001 in 2008. At present, the company’s products are being exported to more than 135 countries across five continents & has well established dealer’s distribution network in more...
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...Analysis of Ceramic Industry In Bangladesh Abstract This report applies performance evaluation of ceramic industry of Bangladesh and to test its financial soundness. The main aim is achieved through ratio analysis of the four selected ceramic companies in Bangladesh (Fu Wang, Shinepukur, Standard, Monno). Measurement of financial performance by ratio analysis helps identify organizational strengths and weaknesses by detecting financial anomalies and focusing attention on issues of organizational importance. The financial performance of this industry is measured in terms of profitability, solvency, efficiency and liquidity analysis and to test the financial soundness. The study covers the four ceramic companies listed on Dhaka Stock Exchange. The study has been undertaken for the period of five years from 2006-7 to 2010-2011 and the necessary data has been obtained from the audited annual report of the selected companies. The liquidity position was very weak in all the cases of the selected companies and thereby reflecting the difficulties in paying short-term obligation on due date. Financial stability of the selected companies has shown an upward trend. This study will help investors to identify the nature of financial performance of the ceramic industry of Bangladesh and will also help to take investment decision. INTRODUCTION Ceramic industry of Bangladesh is a booming sector and the growth potential of both domestic and foreign market...
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...summary The ceramic industry is surprisingly not quite a new one in Bangladesh. It dates back to 1962. People Ceramic Industries Ltd (PCI) pioneered the manufacture of porcelain tableware in Bangladesh (Khandaker and Alamgir 2006). According to Bangladesh Ceramic Ware Manufacturers Association (BCWMA), there are approximately 40 ceramic manufacturers operating in this industry producing tableware, sanitary ware and tiles. The major ceramic companies in the industry are Monno ceramics, R.A.K ceramics, Shinepukur ceramics, Fu-wang ceramics, greatwall ceramics, Peoples and national ceramics etc; there remains other 31 companies. Over the years, the ceramic industry in Bangladesh has flourished immensely and has gained recognition throughout the worldQuality of products has helped Bangladesh to carve a niche in the global market; the manufacturers in this sector are taking risks while diversifying their designs into world-class standards. The close competitors of Bangladesh are China and India, but they mostly produce traditional items. Moreover, due to recent global financial crisis and rising labor cost, the developed countries are placing more orders to low-cost countries like Bangladesh. However Bangladesh has a bright prospect in international market. Standard Ceramics industries Ltd is pioneer in tableware ceramics in Bangladesh. 31-40 % products are exported to the international market. The excellent quality and design of vitrified Stoneware Products coupled with competitive...
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...Company profile RAK Ceramics is one of the largest in the world ceramics manufacturer with a yearly international production output of 117 million m2 of tiles, 20 million parts of glassware account for about one billion of global sales yearly and 4.5 million parts of bath ware. RAK Ceramics company was established in year 1991 by Hiss Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah who had the vision to make the company a world class organization, and Hiss Highness Sheikh Mohammad Bin Saud Bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah and the Chairman of RAK Ceramics who has been leading the company on the way to global competitiveness (www.rakceramics.com, 2012). During the Middle East Business Leaders’ Summit and Awards, RAK Ceramics was honored with the Best Brand Award and CSR Company Award in Dubai in 2010 and 2011 respectively, which distinguishes years of business excellence. Moreover RAK Ceramics is the establishing affiliate of Emirates Green Building Council, which backings the improvement and development of green-sustainable buildings in the UAE. RAK Ceramics was awarded by the UAE Ministry of Environment and Water (MOEW) with the Environmental Performance Certificate (EPC) in gratitude of its effective hard work to fulfill with environmental protection standards and regulations. RAK Ceramics was also honored by the Emirates Securities and Commodities Authority (SCA) for fulfilling with good governance and transparency according to best international...
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...tear analysis of ceramic industry and a company within, Monno Ceramics Ltd. Final report of Financial Accounting II course: four tear analysis of ceramic industry and a company within, Monno Ceramics Ltd. Student profile: Nafis Uddin Mehran, Roll-67, IBA BBA-21st 05-02-2014 Student profile: Nafis Uddin Mehran, Roll-67, IBA BBA-21st 05-02-2014 5th February, 2014 Mr. Mohammad A. Momen Professor Institute of Business Administration University of Dhaka Subject: Letter of Transmittal Sir, I am very much pleased to submit this final report on Monno Ceramic Ltd. as per your instructions. I have prepared the report using the knowledge I have gained throughout Financial Accounting I and Financial Accounting II courses. Throughout the report I have strictly abided by the guidelines that you have instructed to follow. Therefore, I request you to accept my report. And, I hope you will find it in order. I am eagerly expecting your feedback on the overall report. Yours sincerely, Nafis Uddin Mehran (ZR-67) Table of contents 1. Introduction……………….. 3 2. Economy analysis…………………………… 4 3. Industry analysis…………………. 10 4. History analysis 5. Vertical analysis………………………. 18 6. Horizontal analysis………………………… 21 7. Ratio analysis…………………….. 23 8. Future prospect…………………………… 24 9. References……………………………… 27 INTRODUCTION This report is to address the analysis of financial statements of Monno Ceramics Ltd and to carry...
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...and Italians pride themselves on their cultural beginnings. Here, tradition is more than just a handing down of customs from one generation to the next; it is a way of life. Today, tradition is scarcely upheld better than in the city of Deruta, Italy. Deruta, located within the region of Umbria, is home to an array of ceramic companies due to its local clay deposits; however, none as astonishing and steeped in custom as the Grazia Ceramics Company and factory. The Grazia family has been producing ceramics for over 500 years beginning in the year 1500. Operating for so many years has ensured competition for Grazia; however, it distinguishes itself from the multitude of other ceramic stores in the area – and the world – not just with its designs, but primarily with its method of quality production. Still family owned and operated, Grazia prides itself on producing “high quality majolica ceramics using time honored handicraft traditions passed down from generation to generation.” Majolica is the particular process in which the ceramics are made and decorated; a method that can be dated back to the 1200s. Today, almost every aspect of Grazia’s current production mirrors that of the company’s beginnings. Grazia’s procedure is exclusively manual and is one of the only companies to produce each piece from start to finish in one building, without outsourcing any work. Local clay is first brought in from the adjoining hills and is run through a series of processes until it reaches...
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...handicrafts consisting of products such as handmade candles, beaded tree, ceramic flower work, jute ware. All the products of Craft Decor are unique and made keeping high quality in mind. In this report, the chances of success of Craft Décor have been viewed by marketing techniques.Crafts Décor has developed a marketing strategy that will take into account all the elements of the marketing mix. This will involve individual strategies for pricing, product development promotion and distribution. We have defined the vision mission and values of Crafts Décor. Industrial analysis has also been done in this report. For the product we have conducted the SWOT analysis. We have defined our target segment in the society. In this report we evaluated our competitors and analyzed about our product mix. We have discussed our current position as it is on the introduction stage on the new product development life-cycle and our expectations for the future have also been mentioned. Description of the Business: The nature of our business is to produce handicrafts items such as candles, beaded tree, ceramic flower work and jute ware. All the items that crafts Décor sell are handmade and are manufactured ensuring high quality. The trend of usage of handicrafts for decoration of houses is on rise; that is the reason handicrafts have taken the place of the traditional decoration items, so the products that we are selling can be used for this purpose. All the people related to production are highly qualified...
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... BELL CERAMIC LTD. CHANDIGARH. SUBMITTED BY: SHWETA DHIR BELL CERAMICS LIMITED, CHANDIGARH JUNE 27, 2007 MR. GURPREET SINGH BEDI AREA SALES MANAGER REGIONAL OFFICE CHANDIGARH SUBJECT: PRESENTATION OF THE REPORT ON ‘TEST & MEASUREMENT OF RESPONSE FOR NEW PRODUCTS AMONG INFLUENCERS AND CHANNEL PARTNERS’ RESPECTED SIR HERE IS MY REPORT ON MY STUDY ON THE RESPONSE FOR NEW PRODUCTS ZEN AND RETRO AMONG INFLUENCERS AND CHANNEL PARTNERS AS PER THE AUTHORIZATION OF MR. A N RANGASWAMY (PRESIDENT- MARKETING) DATED THE REPORT ALSO CONTAINS THE MENTION OF THE UPCOMING PROJECTS IN THE CITY OF CHANDIGARH AND THE NEARBY AREAS AND STUDY OF THE VARIOUS FACTORS THAT INFLUENCE THE BUYING DECISION OF THE END USER AND HIS NEED AND EXPECTATION FROM THE CERAMIC TILES. ALSO THE ARCHITECTS WERE INTERVIEWED IN ORDER TO MEASURE THE POSITION OF BELL CERAMICS IN THEIR EYES AND PROMOTE ZEN AND RETRO SERIES TO THEM. THE REPORT ALSO CONTAINS THE ANALYSIS OF BELL CERAMICS VIS-À-VIS ITS COMPETITORS IN TERMS OF PRICE, QUALITY, AVAILABILITY ETC. IT ALSO CONTAINS VARIOUS RECOMMENDATIONS MADE BY ARCHITECTS IN IMPROVING THE SALES OF BELL CERAMICS. IN THE LIGHT OF THIS ANALYSIS I HAVE ATTEMPTED TO IDENTIFY THE TARGET SEGMENT FOR BELL CERAMICS AND SUGGEST...
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...Of Shinepukur Ceramics Limited Introduction This Report has been prepared as a requirement for the completion of the BBA program of the Premier University Bangladesh. The primary goal of report is to provide an on the job exposure to the student and an opportunity for translation of theoretical conceptions in real life situation. Students are placed in enterprises, organizations, financial institutions, research institutions as well as development projects. The program covers a period of 12 weeks of organizational attachment. After the completion of four year academic BBA program, I, Ara Hosney student of American International University-Bangladesh was placed in Shinepukur Ceramics Ltd for the Internship Program. The duration of my organizationdal attachment was twelve weeks, starting from 16th May to 12st July,2006. As a requirement for the completion of the program I need to submit a report, which include an overview of the organization. I was placed in the different division of the Accounts Section under the supervision of the Manager of thecompany. With his reference I was helped by the senior officers and all other employees in other divisons. This paper covers details of the project findings along with an overview of Shinepukur Ceramics Ltd with particular reference to its Accounts Management Operations. Origin of the Report This report has been prepared to develop an understanding about the organizational and operational aspects of the Production activities and...
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...Shinepukur CeramiCS limited annual report 2010 Each of our activities must benefit and add value to the common wealth of our MISSION society. We firmly believe that, in the final analysis we are accountable to each of the constituencies with whom we interact; namely: our employees, our customers, our business associates, our fellow citizens and our shareholders. Year of Establishment (registration): 1997 KEY DATA Commercial Production: 1999 Status: Public Limited Company First Export: 1999 Business Lines: Manufacturing, Marketing and Exporting of Bone China and Porcelain tableware. Overseas Offices & Associates: USA and UK. Current Export Markets: USA, Canada, UK, Germany, France, Italy, Sweden, Norway, Poland, Turkey, Japan, Australia, UAE, Brazil, India, Chile, Egypt, Russia etc. Authorized Capital (Taka): 5,000 million Paid-up Capital (Taka): 966.34 million Number of Shareholders: Over 24,000 Stock Exchange Listing: 2008 Number of Employees: 3,000 HigHligHts: 2010 New Customers Villeroy & Boch (GERMANY) CRU International (USA) Bitossi Home (ITALY) Koleksiyon (TURKEY) Zeiny Center (EGYPT) Les Classiques (INDIA) Achievements Upgraded to ISO 9001:2008 Awarded ‘Superbrands’ Financials Net sales increased by 13.62 % to Tk. 1,926.74 million Profit before Tax increased by 22.42 % to Tk. 305.07 million Earnings Per Share (EPS) increased by 47 % to Tk. 2.62 Contents A Glance on : Shinepukur Ceramics Ltd. Corporate Directories Down to the History...
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...Literature review Budgeting Establishing a planned level of expenditures, usually at a fairly detailed level. A company may plan and maintain a budget on either an accrual or a cash basis. Business budgeting is one of the most powerful financial tools available to any small-business owner. Put simply, maintaining a good short- and long-range financial plan enables you to control your cash flow instead of having it control you. The most effective financial budget includes both a short-range, month-to-month plan for at least one calendar year and a long-range, quarter-to-quarter plan you use for financial statement reporting. It should be prepared during the two months preceding the fiscal year -end to allow ample time for sufficient information-gathering. The long-range plan should cover a period of at least three years (some go up to five years) on a quarterly basis, or even an annual basis. The long-term budget should be updated when the short range plan is prepared. While some owners prefer to leave the one-year budget unchanged for the year for which it provides projections, others adjust the budget during the year based on certain financial occurrences, such as an unplanned equipment purchase or a larger -than-expected upward sales trend. Using the budget as an ongoing planning tool during a given year certainly is recommended. However, here is a word to the wise: Financial budgeting is vital, but it's important to avoid getting so caught up in the budget...
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...Case 2 Coors Ceramics I. Problem Definition Coors needed a new information system that would allow the company to be more efficient in terms of managing the business. Having a new information system would allow the company to meet customer demand, have a well-organized delivery system and reduce costs. II. Review of Background Information With Coors’ old system, the company took two days to process new orders. Orders were not tracked, so the salespeople cannot determine if the shipment has been delivered on time. Due to this, the company was forced to build up inventory to meet customer demand. From this stems three main problems – not being able to meet customer satisfaction, long lead times, and high operating costs. III. Analysis of Facts/Data In the case, the company focused first on determining what the customer needs. In knowing their customer, the company was able to devise a process wherein Coors would be able to operate well. Streamlining the process within the company meant that every step in turning raw materials into the finished product would not be put to waste – everything was used in the most practical and resourceful manner. This also meant that they were able to deliver quality products to the customer on time, thereby increasing customer satisfaction. Having good information systems in place also meant that Coors management could easily pinpoint where in the process a problem lies. Decisions could be made with certainty of their impact. ...
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