...stock (shares) and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately The SEM was incorporated in Mauritius on 30th March 1989 as a private limited company with a public authorization. The setting up of the SEM constituted an important step in the process of building up a modern financial sector to cater for the needs of a growing economy. The SEM is a successful exchange responsible for the operation and promotion of an efficient and regulated securities market in Mauritius. The SEM is established under the Stock Exchange Act of 1988 and additionally, On this exchange, two markets are operated; the Official Market and the Development & Enterprise Market (DEM). For the purpose of this study, official market will be considered and a brief introduction of DEM will be discussed. Before moving forward it will be difficult to understand the concept of the sem without the definition of the description of the main keywords, It is explain as follows Investors An investor puts money behind an idea, a project or a company with the hope of making a financial return There are two types investors. The passive Investors He buy shares and in returns he waits to have a share dividend The active investors Buying and selling shares are there main activity. The make it as a business. The issuers It can be a public company who wants to put his shares on the stock market. There are some criteria which the...
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...a small, multicultural island in the Indian Ocean, is an island nation off the southeast coast of the African continent in the southwest Indian Ocean Currency Main article: Mauritian rupee | | | 1.00 INR | = | 0.549153 MUR | Indian Rupee | ↔ | Mauritian Rupee | 1 INR = 0.549153 MUR | | 1 MUR = 1.82099 INR | The rupee (sign: ₨; ISO 4217 code: MUR) is the currency of Mauritius. Demographics – The population estimate (as of 1 July 2012) for the whole republic is 1,291,456, the female population outnumbered the male population by about 19,430. Language - The Mauritian Constitution makes no mention of an official language and its one million citizens speak mostly Mauritian Creole (a French-based creole), English, French and Bhojpuri. Education The education system in Mauritius is largely based on the British system since Mauritius was a former British colony. The government of Mauritius provides free education to its citizens from pre-primary to tertiary levels. The education system in Mauritius is categorized into 4 main sectors – pre-primary, primary, secondary and tertiary. Economy – Since independence in 1968, Mauritius has developed from a low-income, agriculture-based economy to a middle-income diversified economy. The economy is based on tourism, textiles, sugar, and financial services. In recent years, information and communication technology, seafood, hospitality and property development, healthcare, renewable energy, and education and training ...
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...Mauritius ASSINGMENT COUNTARY: MAURITIOUS Submitted To: Prof. AMNA SHAFQAT Submitted By: HASEEB IFTIKHAR L1F07BBAM0208 ABDULLAH ISHFAQ L1F07BBAM0201 REHAN AKRAM L1F07BBAM MAURITIOUS CONTENTS * THE COUNTRY 1. LAND AND CLIMATE 4-5 2. HISTORY AND GOVERNMENT 6-10 3. ECONOMY 10-11 4. EDUCATION 11-15 5. TRANSPORTATION 16 6. HEALTH 16-18 * THE PEOPLE OF THE COUNTRY 1. POPULATION 18-19 2. LANGUAGE 19 3. RELIGION 20 4. HOLIDAYS ...
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...itself as one of the most reliable and skilled financial services centres in the world. HFmweek speaks to some key figures about the region’s growing success in the hedge fund industry and its potential for further growth STeVe FlYNN is the chief executive of the global business companies within the cim group. He has experience in offshore, financial services and corporate administration in the uK, bermuda, india, luxembourg and south africa. steve has worked with a number of financial services companies, the most recent being commercial union, maitland Fund services, Fidelity investments, credit suisse life and Pensions and ernst & Young bermuda. ASHWIN JUGBANDHAN is a Fellow of the association of chartered certified accountants, member of the uK securities & investment institute and general manager at imm. He has experience in global fund administration in mauritius, guernsey and channel islands. He advises multinational corporations and fund managers on regulatory matters, structuring, establishment and funds. He holds a number of directorships, including listed entities. M ” auritius is famed for its idyllic beauty as a holiday destination, but in financial circles, it is also becoming wellknown as one of the most trusted and competent financial services centres globally. In 2008 the financial services sector amounted to 12% of Mauritian GDP, only slightly behind hotels and tourism. Mauritius opened up its financial services industry in the early 1990s and has become...
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...TABLE OF CONTENTS LIST OF ABBREVIATIONS 3 INTRODUCTION 5 OUTWARD FDI 6 INWARD FDI 7 IMPORTANCE OF FDI 8 OVERVIEW OF MAURITIAN ECONOMIC PERFORMANCE 9 BOARD OF INVESTMENT 10 INCENTIVES ADOPTED BY THE GOVERNMENT OF MAURITIUS TO PROMOTE FDI 10 INVESTMENT POLICIES 10 1. LEGISLATION 11 Law Practitioners Act 12 Companies Act 12 Public Procurement Act 13 Competition Act 13 Trade and Investment Framework Agreement 13 Employments Rights Act and Employment Relations Act 14 Financial Services Act 14 Securities Act 14 Insolvency Act 14 Other investment incentives 15 TRIPS Agreement 15 2. Fiscal policy 16 3. LIBERALISATIONAND DIVERSIFICATION 17 4. MACROECONOMIC STABILITY 19 Social and political stability 19 Exchange Control 20 Inflation control 20 5. FINANCIAL SERVICES 20 6. INVESTMENT FACILITATION 26 7. LABOUR MARKET REFORM 27 8. INFRASTRUCTURE 27 Transport 28 Telecommunication network 28 Building Premises 29 TOP SECTORS ATTRACTING FDI IN MAURITIUS 30 FINANCIAL HUB 31 REAL ESTATE ACTIVITY 31 INFORMATION TECHNOLOGY AND OUTSOURCING SERVICES 32 MANUFACTURING SECTOR 33 SEAFOODS HUB 34 TOURISM SECTOR 35 THE TWO RECENTLY SECTORS WHICH ARE EXPECTED TO GROW AND DEVELOP: 36 KNOWLEDGE HUB 36 MEDICAL 37 FDI EVOLUTION MAURITIUS 38 SPECIAL CONSTRAINTS AND CHALLENGES 41 SUCCESSES AND CHALLENGES 42 THE ECONOMIC FUTURE OF MAURITIUS 43 ...
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...Subject: International Marketing Topic: - Launching a local product in International Market Company: - MM Mithaiwala ACKNOWLEDGEMENT Why Fast Food Industry??? Fast food industry is the most happening industry around the world. Tasty food is something which cannot be resisted. And in today’s fast moving world, people don’t have enough time to sit had have food for a long time. A fast food firm takes into consideration TIME factor and provides food in quick time. Why MM Mithaiwala as a Fast Food firm??? MM Mithaiwala is one of the oldest fast food firm operating in Mumbai which has all the ingredients of becoming an international brand. MM Mithaiwala works on the principle of developing profit centers whereby all the work is handled by professionally qualified people responsible for their respective departments. There Philosophy has always been customer satisfaction and they believe that a satisfied customer is a customer for life. [pic][pic] .....At Mumbai About MM Mithaiwala… at Mumbai (Malad) M.M.Mithaiwala is a producer of Indian sweets, snacks and is also into retailing outlets, restaurant business, and fast food and lassi centers. M.M.Mithaiwala supplies to Industrial Canteens, Hospitals, Flight Kitchens, and Hotels. They also supply to caterers organizing marriages and other social functions in the city. They have established high quality performance standards like Punctuality, Great Service, Good Quality Food, Hygiene and Commitment...
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...Working Capital Structure and Financing Pattern of Mauritian SMEs Kesseven Padachi*; C. Howorth[1]; M. S. Narasimhan[2] and R. Durbarry3 *School of Business, Management and Finance University of Technology, Mauritius La Tour Koenig, Pointe – aux – Sables, Mauritius kpadachi@utm.intnet.mu ABSTRACT The competitive nature of the business environment requires firms to adjust their strategies and adopt good financial policies to survive and sustain growth. Most firms have an important amount of cash invested in current assets, as well as substantial amounts of current liabilities as a source of financing. This paper therefore analyses the working capital structure and financing pattern of small to medium-sized Mauritian manufacturing firms, using primarily secondary data. Structural differences in working capital and the financing pattern of the sample firms are analysed and the results showed significant structural changes over the study period. The research finding revealed disproportionate increase in current asset investment in relation to sales resulting in sharp decline in working capital turnover. The analysis also revealed an increasing trend in the short-term component of working capital financing; in particular trade credit and other payables have financed the major part of working capital. This over-concentration on short-term funds is a reality of the SMEs as they often faced difficulties in raising finance and they are viewed to be informationally opaque....
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...challenges that operations managers face with changing market environment. Finally it looks into how the Mauritian Sugar Industry have risen to these challenges through operations changes and maintain both the industry and Mauritian economy viable. | Contents 1. Introduction 4 2. Factors affecting operations decision making. 5 2.1. Quality 5 2.2. Product/service Design 6 2.3. Layout facilities 7 2.3.1. Economies in Handling 8 2.3.2. Effective Use of Available Area 8 2.3.3. Minimization of Production Delays 8 2.3.4. Improved Quality Control 8 2.3.5. Avoidance of Bottlenecks 8 2.3.6. Better Production Control 9 2.3.7. Better Supervision 9 2.4. Location the facility and Transporting materials and products 9 2.5. Designing jobs and work 10 2.6. Forecasting Demands for products and services 11 2.7. Production planning and scheduling 11 3. Changing Challenges for operational Managers 12 3.1. Globalisation 12 3.2. Just-in-time performance 12 3.3. Supply chain partnering 12 3.4. Rapid product development 13 4. Case Study: The Sugar Sector in Mauritius 13 4.1. Historical Background 13 4.2. Challenges to the Sugar Sector 14 4.3. Operational costs 15 4.4. Change in technology 15 4.5. Innovation and Demand for new products: from raw sugar producer to agro-industry stakeholder 17 4.6. Flexibility of production systems 19 4.7. Environmental Constraints 21 5. Conclusion 21...
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...section starts with the Principles of Islamic Banking and a description of the products. The next one consists of studies indicating the relief provided by Islamic Microfinance institutions globally. The remaining sections comprise of the factors affecting the demand of Islamic financial products namely, awareness, religious factors and trust among parties. The last sections include the Mauritian government’s assistance in introducing Islamic Finance in the country and measures taken to set high standards and women empowerment. 2.1.1 Products...
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...‘Explain within which context how can we adopt the contract of Murabaha in Mauritius “ Islamic Banking in Mauritius In 2007, the Banking Act in Mauritius was amended to cater for Islamic banking activities. The Bank of Mauritius issued the first Islamic banking license in October 2009 to cater for the approximately 18 per cent of the 1.2 million Mauritian population that is Muslim. According to the Governor of the Central Bank it would have been a big task to build a sustainable Islamic retail banking model that is profitable to service just over 200,000 Muslims in the Indian Ocean Island if it were not for the Bank of Mauritius’s plans to introduce short term liquidity instruments. Governor of the Central Bank said that it is a major step in translating the vision of the Authorities to provide an alternative mode of financial intermediation, thus enhancing the options available to bank customers. Use of Murabaha contracts in Mauritius With the sub-prime crisis challenging conventional banking and financial products, there is mounting interest in Islamic products which comply with the principles of shariah law. According to report, the size of the global market for shariah compliant products is estimated at $800 billion. The increase in wealth in Islamic countries (especially in the Middle East with its accumulation of petrodollars), the growth in the Muslim population, the huge capital requirements for infrastructure projects across the Muslim world as well as...
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...International Review of Business Research Papers Vo.2 No. 2. October 2006, Pp. 45 -58 Trends in Working Capital Management and its Impact on Firms’ Performance: An Analysis of Mauritian Small Manufacturing Firms Kesseven Padachi* A well designed and implemented working capital management is expected to contribute positively to the creation of a firm’s value The purpose of this paper is to examine the trends in working capital management and its impact on firms’ performance. The trend in working capital needs and profitability of firms are examined to identify the causes for any significant differences between the industries. The dependent variable, return on total assets is used as a measure of profitability and the relation between working capital management and corporate profitability is investigated for a sample of 58 small manufacturing firms, using panel data analysis for the period 1998 – 2003. The regression results show that high investment in inventories and receivables is associated with lower profitability. The key variables used in the analysis are inventories days, accounts receivables days, accounts payable days and cash conversion cycle. A strong significant relationship between working capital management and profitability has been found in previous empirical work. An analysis of the liquidity, profitability and operational efficiency of the five industries shows significant changes and how best practices in the paper industry have contributed to performance...
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...Our vision is to enhance the quality of life of our citizens by bringing arts and culture from the margins to the mainstream of the economy and society through culturally sustainable policies and actions that will lead us to the status of the first Artistic & Cultural Island City in the World Table of contents Page Message of Prime Minister…………………………………………………………. 3 Message of Minister of Arts and Culture …………………………………………... 4 Introduction…………………………………………………………………………. 5 Executive summary…………………………………………………………………. 7 Chapter 1: Overview of the Arts and Culture set-up ………………………………. 19 Chapter 2: The Music industry……………………………………………………... 23 Chapter 3: The Arts sector …………………………………………………………. 30 Chapter 4: Publishing, Reading and Writing ………………………………………. 39 Chapter 5: The audio-visual sector ………………………………………………… 43 Chapter 6: Heritage Management and Promotion………………………………….. 47 Chapter 7: Mauritius, an Artistic and Cultural Island City- ACIC………………… 51 Chapter 8: Developing synergies…………………………………………………… 56 Chapter 9: Arts and Culture: the cement of our nation …………………………….. 61 Chapter 10: Conclusion - Arts and Culture make Mauritius a haven ……………...63 Message of the Prime Minister Culture is connecting with development and is poised to become a fundamental component of sustainable development. This White Paper sets the stage for...
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...the issue of understanding key factors that drive consumers to shop online increasingly important. The new era of the Information economy has had a significant impact on several levels of people’s way of living, be it, on their social, political, business and economic level in Mauritius. These set of evolutions have also been discussed by many authors (Butler & Peppard, 1998; Malone, Yates, & Benjamin, 1997; Yoffie, 1996).These evolvements involve rapid technological advances, improved connectivity, superior interactive facility and better organizational co-ordination capability which enhance the availability of a wide variety of goods and services through improved delivery system to consumers. In addition to this, the World Economic Forum’s Global Competitiveness Report 2013-14 revealed that the Mauritian internet users have increased drastically and represent 41.4 % of the total population, with each user benefiting with an international bandwidth of 14.6kbps. These statistics indicate the presence of potential online consumers in the island. Thus with the increasing internet penetration rate, the present day youth embrace the new trend of conducting purchases over the internet. It is a well known fact that young people in Mauritius are mostly internet users, thus potential online shoppers (Khedo et al., 2013). The development of internet has facilitated online shopping. However, the participation in online shopping depends on different factors and product types marketed...
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...brands. Along with the coca-cola recognized as the world’s most valuable brand. Globally no.1 provider of Coca-Cola the product that has given the world’s its best-known taste was born in Atlanta, Georgia, on May 08, 1886. Coca-Cola Company is the world’s leading manufacturer, marketer & distributor of non-alcoholic beverage concentrates & syrups. The Company beverage products comprises of bottled & canned soft drinks as well as concentrates, syrups and not ready-to-drink power products. The coca cola company began building its global network in the 1920s. The company aims at increasing shareowner value overtime. It accomplishes this by working with its biz partners to deliver satisfaction and value to customers through a worldwide system of superior brands and services, thus increasing brand equity on a global basis. The associates of this co. jointly take responsibility to ensure compliance with the framework of policies and protect the co. assets and resources whilst limiting biz risks. Missions: To refresh the world …. In body, mind and spirit To inspire moments of optimism… through our brands and our actions To create value and make a difference …. Everywhere we engage. To create...
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...dddddddddddddddddddddd Chapter 7: Market Entry Strategies Chapter Objectives Structure Of The Chapter Entry strategies Special features of commodity trade Chapter Summary Key Terms Review Questions Review Question Answers References Bibliography When an organization has made a decision to enter an overseas market, there are a variety of options open to it. These options vary with cost, risk and the degree of control which can be exercised over them. The simplest form of entry strategy is exporting using either a direct or indirect method such as an agent, in the case of the former, or countertrade, in the case of the latter. More complex forms include truly global operations which may involve joint ventures, or export processing zones. Having decided on the form of export strategy, decisions have to be made on the specific channels. Many agricultural products of a raw or commodity nature use agents, distributors or involve Government, whereas processed materials, whilst not excluding these, rely more heavily on more sophisticated forms of access. These will be expanded on later. Chapter Objectives The objectives of the chapter are: Structure of the Chapter The chapter begins by looking at the concept of market entry strategies within the control of a chosen marketing mix. It then goes on to describe the different forms of entry strategy, both direct and indirect exporting and foreign production, and the advantages and disadvantages connected with each method...
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