...actually. The prime objective of the study is to produce learner’s practical knowledge in organizational environment and we can tune up ourselves for the job market interview session in future. We are able to collect information from “Square Textile Limited” to complete the study. We survey in our way to know about their working capital management procedure. Our main concentration of this study is to find out how organizations generally manage their capital. So we make organizational profile, consider the cash collection, financing, and liability related functions and also take some knowledge from internet. We hope that our work will be benefitted for everyone because we tried our best to make the report effective. Chapter one Introduction Introduction: Working capital management is one of the major issues of corporate finance. The success of any manufacturing company largely relies on the efficient management of working capital. There are different theoretical developments and empirical issues but there is no unified rule that can determine the optimal level of working capital. From the viewpoint of developing country like Bangladesh the role of working capital should be highly emphasized. But our country is characterized by low level of capital market development and inefficiency of financial market. In such a situation, it...
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...Acknowledgement The internship opportunity I had with SQUARE TEXTILES was a great chance for learning and professional development. Therefore, I consider myself as a very lucky individual as I was provided with an opportunity to be a part of it. I am also grateful for having a chance to meet so many wonderful people and professionals who led me though this internship period. Bearing in mind previous I am using this opportunity to express my deepest gratitude and special thanks to the MD of [Company name] who in spite of being extraordinarily busy with her/his duties, took time out to hear, guide and keep me on the correct path and allowing me to carry out my project at their esteemed organization and extending during the training. I express my deepest thanks to [Name Surname], [Position in the Company] for taking part in useful decision & giving necessary advices and guidance and arranged all facilities to make life easier. I choose this moment to acknowledge his/her contribution gratefully. It is my radiant sentiment to place on record my best regards, deepest sense of gratitude to Mr. /Ms. [Name Surname], [Position in the Company], Mr./Ms. [Name Surname], [Position in the Company], Mr./Ms. [Name Surname], [Position in the Company] and Mr./Ms. [Name Surname], [Position in the Company] for their careful and precious guidance which were extremely valuable for my study both theoretically and practically. I perceive as this opportunity as a big milestone in my career...
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...Historical Background Square Group is one of the most renounced pharmaceutical companies in Bangladesh. This group inaugurated their journey through Square firm in 1958. This is the first medicine exporting firm in the country. It’s contributing to the national economy by exporting medicine from 1987 to till now. Square group is no longer confined to medicine production. They have diversified their activities. In 1988 they established Square Toiletries. In 1997 they established Square Textiles. In 2000 Square spinning started exporting by satisfying the local market. In 2001 Square group lunched many other firms: Knit Fabrics, Square Fashions Limited, Square Informatics, Square Consumer Product and Square Hospital. Now their total asset is about $200 million. And, yearly investment is about $300 million. The companies of Square Group of Industries are • Square Pharmaceuticals Ltd. • Square Textiles Ltd. • Square Spinning Ltd. • Square Toiletries Ltd. • Square Consumer Products Ltd. • Square Informatix Ltd. • Square Health Products Ltd. • Square Agro Ltd. Square Textile Ltd. started its operation in 1997. It was enlisted in Dhaka Stock Exchange & Chittagong Stock Exchange in 2002. The business lines of Square Textile Ltd. are manufacturing and marketing of yarn. Its factory is located in Gazipur, Dhaka. It manufactures 100% Cotton Ring Span Yarn or Hosiery, 100% Cotton OE Rotor For Hosiery and Knit Fabrics for 100% export oriented readymade Garments Industry...
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...Square is one of the wealthiest and most successful companies in Bangladesh. Even more important, from a human resource perspective, is the fact that Square is an employee-driven organization. While other organizations base their success on better manufacturing techniques, or better technology, Square success is based on the effectiveness of their employees. Essentially, Square value their staff and realize the importance of their staff. This focus on employees may, in the future, expand to all organizations. Square then, is worth studying as an example of best practice in human resource management. Square Textile Ltd. started its operation in 1997. It was enlisted in Dhaka Stock Exchange & Chittagong Stock Exchange in 2002. The business lines of Square Textile Ltd. are manufacturing and marketing of yarn. Its factory is located in Gazipur, Dhaka. The manufactures 100% Cotton Ring Span Yarn or Hosiery, 100% Cotton OE Rotor for Hosiery and Knit Fabrics for 100% export oriented readymade Garments Industry. The strategic Goals and Objectives of the Company are to strive hard to optimize profit though conduction and transparent business operations and to create more competitive in the internal and external market. In home, customer of Square Textile Limited is export oriented readymade Garments Industry. The Company also exports its products to the market of Europe & USA. The export sells increased by 19% in 2003 over the previous year. Competition level is increasing...
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...EXECUTIVE SUMMARY Square Textile Ltd. started its operation in 1997. It was enlisted in Dhaka Stock Exchange & Chittagong Stock Exchange in 2002. The business lines of Square Textile Ltd. Are manufacturing and marketing of yarn. Its factory is located in Gazipur , Dhaka. The manufactures 100% Cotton Ring Span Yarn or Hosiery , 100% Cotton OE Rotor For Hosiery and Knit Fabrics for 100% export oriented readymade Garments Industry. The strategic Goals and Objectives of the Company are to strive hard to optimize profit though conduction and transparent business operations and to create more competitive in the internal and external market. In home, customer of Square Textile Limited are export oriented readymade Garments Industry. The Company also exports its products to the market of Europe & USA . The export sells increased by 19% in 2003 over the previous year. Competition level is increasing both in local and abroad market . Competition will be more stiff after 2005 when multifiber agreement will be phaced out. Among the other foreign competitors Srilanka, China Pakistan and India are prominent. Square is one of the biggest employees in Bangladesh. It has a personnel and administrative department . The total number of employees are 1223. For the employees there are systematic in house training in home and abroad . The managing director, the CEO is the head of the executive management team . Below in there are directors , executive directors and general manager. Under the direct...
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...Behavior: A study on “Analyzing Motivation Strategies, Techniques And Performance of Dhaka Bank Ltd.” Principles of Accounting: Term paper on “Accounting Practices in Square Pharmaceuticals Limited”. Human Resources Management: Research on “Occupational Safety and Health: Status in the Tannery Industry” Microeconomics: Term paper on “Structure of rice market in Bangladesh”. Principles of Management: Term paper on ‘The Management of Beximco Pharmaceuticals limited”. Managerial Accounting: Term paper on “Analyzing how to Managerial Accounting Practice of Square Pharmaceuticals limited”. Financial Management:- Term paper on “Working Capital Management of Textile Industries in Bangladesh” Production & Operation Management: Term paper on “Production & Operation Management of Shinepukur Ceramics Ltd.” Strategic Management: Case study on Sun Microsystems and General Dynamics: Compensation and Strategy (A) and also develop a case BCG Matrix. Marketing Research: A research on “The Effect of Corporate image in Formation of Customer Loyalty of the Mobile Phone industry in Bangladesh”. Corporate Finance: A research on “The Effect of Dividend Policy in Pharmaceuticals industries in Bangladesh” Financial Markets & Institutions: A report on “Investment Banking Operations of ICB Capital Management Limited”. PARTICIPANT OF THE WORKSHOP Workshop on “Research Methodology” organized by BUP, Recourse person: Dr. Muhammad Z Mamun, Professor, Institute of Business Administration...
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...[pic] ASSIGNMENT ON Topic: Marketing Practices of SQARE TEXTILES LTD Course Code & Title: MKT 5401, Marketing Management Submitted to: Md. Idris Ali Assistant Professor Department of Business Administration Prepared By: MD. Mahamudul Bari ID No: 133-060-0-451 MBA in Apparel Merchandising Batch No: 133 Section: E2 Date: 16th August 2014 Title Page Assignment On Marketing Practices of Square Textiles Ltd By MD.Mahamudul Bari ID No: 133-060-0-451 Section E2 BGMEA University of Fashion & Technology ACKNOWLEDGEMENT At the very beginning, I acknowledge the infinite blessing and profound kindness of "Almighty God"- the supreme authority of the universe. I also acknowledge the loving support of my teachers, parents, and friends. I express my honest and sincerest gratitude to the Managing Director Mr. Tapan Chowdhury of Square Group of Industries who assisted me a lot by giving an opportunity for eye opening in this particular sector and extended an all-out support in all respect for writing this report in the most comprehensive manner within the specified time frame. I convey my deepest thanks to my institutional supervisor Md. Idris Ali Assistant Professor for his precious time. I was bound in my theoretical knowledge. It is my first experience to acquire knowledge in the practical field. So, it is natural that there might...
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...Impact of Working Capital Management on Profitability 1 IMPACT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY Impact of Working Capital Management on Profitability of Textile Sector of Pakistan Sumaira Tufail Hailey College of Commerce University of the Punjab, Lahore Sumaira_08sep@yahoo.com This paper has been presented in the organized by School of Business and Economics University of Management and Technology, Lahore, Pakistan This paper has been included in the conference proceedings with good intentions, where the conference and its organizers are not liable at all for the contents of this paper and / or any part of it. For more information about the conference please visit the conference website: http://cgr.umt.edu.pk/icobm2013/index.html or write the organizers at icobm@umt.edu.pk Proceedings of 3rd International Conference on Business Management (ISBN: 978-969-9368-07-3) Impact of Working Capital Management on Profitability 2 ABSTRACT Working capital can be considered as source of existence for a financial body and management of working capital is regarded as one of the most essential part of business management. This study aims to find out the impact of working capital policies on profitability. Return on assets is used as a measure of profitability. Current assets to total assets ratio is used to compute the investment policy of working capital management and to determine financing policy of working capital management current liabilities to total assets ratio...
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...Summary SQUARE today symbolizes a name – a state of mind. But its journey to the growth and prosperity has been no bed of roses. From the inception in 1958, it has today burgeoned into one of the top line conglomerates in Bangladesh. Square Pharmaceuticals Ltd., the flagship company, is holding the strong leadership position in the pharmaceutical industry of Bangladesh since 1985 and is now on its way to becoming a high performance global player. SQUARE today is more than just an organization, it is an institute. In a career spanning across four and half decades it has pioneered the development of the local business in fields as diverse as Pharmaceuticals, Toiletries, Garments, Textile, Information Technology, Health Products, Food Products, Hospital, etc. With an average Annual turnover of over US$ 200 million and a workforce of about 3500 the SQUARE Group is a true icon of the Bangladesh business sector. Vision satement We view business as a means to the material and social wellbeing of the investors, employees and the society at large, leading to accretion of wealth through financial and moral gains as a part of the process of the human civilization. Mission statement Our Mission is to produce and provide quality & innovative healthcare relief for people, maintain stringently ethical standard in business operation also ensuring benefit to the shareholders, stakeholders and the society at large. Chapter B: Company Profile History of Square Group ...
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...of many criteria by which performance is measured. Rising in importance is the impact a company has on its stakeholders, society, and even the planet. Integrated reporting, which encompasses elements of traditional financial reporting, sustainability reporting, and governance reporting within a single presentation, represents a growing trend that reflects these new expectations. The core concept underlying the term “integrated reporting” is providing one report that fully integrates a company’s financial and non-financial (including environmental, social, governance and intangibles) information. Integrated reporting offers the opportunity to centre business reporting on strategy and value creation, to demonstrate how the business uses capital and the extent to which they should continue to be invested in business. Integrated reporting is a journey. Organizations are unlikely to achieve perfection in the first year. In the absence of a generally accepted framework, companies that wish to move toward integrated reporting may encounter several dilemmas around relevance, scope, assurance and other issues. However, as reporting processes for the production of the supporting information are designed and improved and as the executive team begins to benefit from a more informed implementation of the governing structures’ decision, reporting will improve. This paper considers the rationale behind the move towards Integrated Reporting, offers initial proposals for the development...
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...January, 2012. Samson H Chowdhury Only business legend of our time in Bangladesh Years active 1952–2012 Square is not just a brand name in Bangladesh. It is an icon in business. But could anyone imagine it would be a leading business conglomerate when four like-minded people in Pabna with Tk 80,000 capital each started a pharmaceutical company 54 years ago, in 1958? And we might have not seen Square Group in today's position unless the idea of manufacturing life-saving drugs had come out from Samson H Chowdhury, the founder chairman who had conceived the idea from a tiny dispensary at Ataikula in Pabna. Family background: Samson H Chowdhury was born on 25 February in 1926 in Faridpur district. He was the eldest child of EH Chowdhury and Latika Chowdhury. His siblings included five brothers and a sister. Eakub's second son Sotten Chowdhury. Youngest son Samar Chowdhury. After the death of their parents, Samson led the family as a guardian. His Residence was Baridhara, Dhaka. Samson left behind wife Anita Chowdhury, three sons, Samuel H Chowdhury, Tapan Chowdhury, a former caretaker government adviser, and Anjan Chowdhury, daughter Ratna Patra and a very large number of admirers to mourn his death. Sanson’s Eduction: Samson Educated in Mymensingh and Kolkata, and he completed his Bachelor's degree. he also Studied at Senior Cambridge. Completed Management Training Course jointly sponsored and conducted by...
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...Medicom INDEX |Chapter | |Page No | |Introduction Of Samson H. Chowdhury | | |Recognize |2-3 | | |Personal Life | | |Biography Of Samson H. Chowdhury | | |Early Life |4-24 | | |Life In Navy | | | |Job At Post Office | | | |Involvement Of Church | | | |Demise | | | |Position | | ...
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...CHAPTER-1 1.1 INTRODUCTION The textile sector played a very important role in many developed /developing countries. In Bangladesh this sector has also contributed as well as still contributing towards the development of the socio-economic condition of the general masses. Textile industry has made substantial progress and has continued to contribute to the national economy, both by reducing imports and increasing exports. The existing scenario of the textiles sector is presented below: • Textile sector contributes around 38% of the industrial value addition and earns about 75% of the total export earni9ngs of the country. • Around 4.5 million workforces are engaged in the textiles sector of which 50% are poor women. • In the 1990’s value addition in the RMG (ready made garments) was 20% which by now stands at around 45%. • Around 25% of the total demand of the woven fabrics for the export oriented RMG is supplied by the local weaving mills & the 40% of the fabrics requirements of the cotton woven RMG exports are met by local mills. • 90% of the domestic fabrics and yarn requirements are met by our primary textiles sector (PTS). [SOURCE: Page: 21, annual report 2005, BTMA]. The primary textile sector (PTS) is meeting the major demand of yarn & fabrics of the local markets. In addition to that a significant part of the demand of fabrics of export oriented RMG units is being met by the PTS. With gradual increase in population and expansion of trade...
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...Parvez M Chowdhury Analyst: Pharmaceuticals and Consumer Goods parvez@bracepl.com Square Pharmaceuticals DSE: SQURPHARMA Bloomberg: SQUARE:BD 52-week Price Range (BDT) Current Price 12-month Target Price Cash Dividend BDT Total Return Number of Shares MM Free Float Average daily volume MM BDT BDT mn Net Sales Ops Income Net Income Margins Gross Margin Operating Margin Net Margin Growth Revenue Growth Operating Profit Growth Net Profit Growth Per Share BDT EPS Dividend Book Value/Share Cashflow BDT mn NC Working Capital Capex Dividend Valuation P/E P/B ROE Miscellaneous BDT mn Total Debt Cash Debt/Equity 2,841 - 4,362 3,092 3,850 42 26% 20 46% 184.1 Rating: OUTPERFORM February 24, 2010 Leading the Bangladesh Pharmaceutical Industry Investment positives Square Pharmaceutical Limited (SPL) is the largest pharmaceutical company in Bangladesh, with the largest domestic market share of 19.3%, in what is a highly competitive pharmaceuticals market. Return on equity has been improving, gradually moving up to 19% for the last couple of years. Margins have been improving steadily. SPL currently boasts one of the highest gross margins (51%) in the industry. Massive expansion significantly. plan, which will increase current capacity 2010A 2011E 2012E 12,971 15,663 19,141 3,326 2,497 3,858 3,358 4,764 4,251 2010A 2011E 2012E 51% 22% 17% 51% 21% 18% 51% 21% 19% 2010A 2011E 2012E 10% 14% 21% 21% 16% 34% 22% 23% 27% SPL has been gearing up to...
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...case, lack of attention to the other factors those are non-living may result in reduction of profitability to some extent. But ignoring the human resource can prove to be disastrous. In a country where human resource is abundant, it is a pity that they remain under-utilized. The people at work comprise a large number of individuals of different sex, age, socio-religious group and different educational or literacy standards. These individuals in the work place exhibit not only similar behavior patterns and characteristics to a certain degree but also they show much dissimilarity. Technology alone, however, cannot bring about desired change in economic performance of the country unless human potential is fully utilized for production. The management must therefore be aware not only organization but also employees and their needs. The human resource is critical and difficult to manage. It is because human behavior is highly unpredictable. It differs not only from individual to individual but often on the part of same individual at different points of time. In spite of biological and cultural similarities, human beings not only differ in their appearance but also in their capabilities based on their background, training and experience. Human resource or a person at work is the most important component of the undertaking....
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