Evaluating A Good Candidate For Their Organization

Structured Interviewing Analysis There are many different interviewing processes that companies use to determine who qualifies as a good candidate for their organization. Interviewers must be knowledgeable in their career and prepare a unique set of predetermined questions that appertain to what the company is looking for in future employees. In a thorough search about structured interviews, also known as a â€Å"standardized† interview, several components and coding words attracted more attention than orders. Structured interviews are also identified in research as â€Å"situational†, â€Å"behavioral†, â€Å"patterned†, â€Å"systematic†, and â€Å"structured situational.† Structured interviewing is believed to be the better choice of interviewing styles, as†¦show more content†¦In unstructured interviews it is easy to stray from important questions because the conversation can go anywhere and is very informal. The author of struct ured interviews, discusses the structured interview process from beginning to end, to include preparation prior to the interview and different types of questions that should be asked to the applicant. He believed that all questions that pertained to the job should be asked first, such as assessment, assumption, and detailed organizational inquires. Those questions should hold priority over more relaxed questions pertaining to the individual. Several meta-analyses reviews reveal that â€Å"structured† interviews are valid and reliable (†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦). Research has taught human resource students, employees, and many other people that there is a lot to be learned about the interview process still. Human Resource Management is responsible for a company’s development, growth, and hiring procedures. It is their job to ensure the attainment of the role needed for the company’s goals and that the candidate contributes to the overall success of the organiz ation. Good employees will advance company’s performances and save them money, making them more successful in the long haul. Several different components of the research are all evaluated on validity, reliability, and applications reactions to different types of questions (†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..). Though these

Sir Gawain And The Green Knight Essay - 1020 Words

Heroic stories in English literature have unmatched fame because of the traits that the heroes exude. Both Sir Gawain, from â€Å"Sir Gawain and the Green Knight† translated by Marie Borroff, and Beowulf, from Beowulf translated by Burton Raffel, serve as heroes in different times of Medieval English Literature. Many of the basic principles that describe heroes in Medieval Literature are seen in both of these characters even though they were written in different times. There are distinct similarities, differences, and also a progression of what the hero was in English literature, between Sir Gawain and Beowulf. Sir Gawain and Beowulf both represent the greatest and most basic necessities of heroes in Medieval Literature, which shows numerous similarities between each hero. One of the first shared traits seen between the two is bravery. Beowulf shows his unmatched bravery is his first battle when he says, â€Å"Grendel is no braver, no stronger than I am! I could meet him with my sword; I shall not, easy as it would be†¦ I will meet him with hands empty.† (Raffel lines 677-683). Sir Gawain shows his initial bravery with his willingness to stand up for King Arthur when he says, â€Å"Would you grant me the grace to be gone from this bench and stand by you there.† (Borroff lines 117-118). Sir Gawain stands up for King Arthur knowing that it will be a blow for a blow with an axe, which has a great chance of bringing death upon him. This willingness to give up his life for his king is aShow MoreRelatedSir Gawain And The Green Knight1359 Words   |  6 PagesIn the poem â€Å"Sir Gawain and The Green Knight,† a protagonist emerges depicting an Arthurian knight named Sir Gawain. Sir Gawain, King Arthur’s nephew, takes initiative by accepting the challenge requested by the Green Knight in place of his uncle. He undergoes a perilous adventure, seeking for the Green Knight to receive the final blow. Although Sir Gawain is not view ed as a hero for his military accomplishments, he is, however, viewed as a heroic figure by the Knights at the Round Table for hisRead MoreSir Gawain And The Green Knight862 Words   |  4 PagesIn Sir Gawain and the Green Knight, by an unknown author referred to as the â€Å"Pearl Poet,† we are introduced to Sir Gawain. Gawain is a knight of the Round Table and he is also the nephew of King Arthur. As a knight, Gawain is expected to possess and abide by many chivalrous facets. Throughout the poem he portrays many of the qualities a knight should possess, such as bravery, courtesy, and honor among others. Because of his ability to possess these virtues even when tempted to stray away from themRead MoreSir Gawain and the Green Knight1100 Words   |  5 PagesThe poem of Sir Gawain and the Green Knight compares a super natural creature to nature. The mystery of the poem is ironic to the anonymous author. 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Sir Gawain and theRead MoreSir Gawain And The Green Knight1514 Words   |  7 PagesSir Gawain and the Green Knight is an epic poem written in the mid t o late fourteenth century by an unknown author. Throughout the tale, Sir Gawain, a Knight at the Round Table in Camelot, is presented with many hardships, the first being a challenge on Christmas by a man in which, â€Å"Everything about him was an elegant green† (161). This â€Å"Green Knight† challenged someone in Camelot to accept his game which they will chop off his head with his axe and the Green Knight will do the same to the playerRead MoreSir Gawain And The Green Knight1335 Words   |  6 PagesSir Gawain: The Ironic Knight Sir Gawain and the Green Knight is a tale of the utmost irony in which Sir Gawain, the most loyal and courteous of all of King Arthur’s knights, fails utterly to be loyal and courteous to his king, his host, his vows, and his God. In each case, Sir Gawain not only fails to perform well, but performs particularly poorly, especially in the case of his relationship with God. Ultimately, Sir Gawain chooses magic over faith, and by doing so, shows his ironic nature as aRead MoreSir Gawain And The Green Knight906 Words   |  4 Pagesusually the latter. In Sir Gawain and the Green Knight we see Sir Bertilak go off to hunt three very specific animals as a game with Sir Gawain. They agree that â€Å"what ever [Bertilak catches] in the wood shall become [Sir Gawain’s], and what ever mishap comes [Sir Gawain’s] way will be given to [Bertilak] in exchange.† (Sir Gawain†¦, ln 1105-1007). In this deal we slowly see Gawain loose his honor as paralleled with Sir B ertilak’s hunt. The first animal that is hunted by the knight is a deer, while thisRead MoreSir Gawain And The Green Knight Essay1521 Words   |  7 PagesFall 16 Donnelly Many years ago, knights were expected to form a certain type of relationship with their king, this relationship was otherwise known as fealty. Fealty is a knight’s sworn loyalty to their king (in other words a loyal relationship should be formed between the two). The use of this relationship is shown in the poem called â€Å"Sir Gawain and the Green Knight† ( the author is unknown). This poem has a classic quest type of formula, with a knight receiving a challenge and then going outRead MoreSir Gawain And The Green Knight1455 Words   |  6 PagesHowever, for Gawain in Sir Gawain and the Green Knight temptation existed around every corner while he was playing the game of the Green Knight. Temptation existed every day and each day it existed in a new way. Gawain never knew what was coming his way throughout the grand scheme of the game, but one thing was for certain he was being tested. Without his reliance religious faith and dedication to his reputation, Gawain wo uld not have been able to make it through the game of the Green Knight alive andRead MoreSir Gawain And The Green Knight1152 Words   |  5 PagesIn the medieval poem Sir Gawain and the Green Knight, translated by Brian Stone, the idea of righteousness pervades Sir Gawain’s quest. The poem was first written in Arthurian England, where the knights are expected to follow the code of chivalry, which tells them how to behave. Sir Gawain, the main character, is no exception, as every decision he makes follows that code of chivalry, save one. He is then punished for that one foolish choice, suggesting that a man must strive to be chivalrous, even

Research on Atlas Honda Free Essays

string(41) " skills acquired during my ACCA studies\." OXFORD BROOKES UNIVERSITY An analysis of the financial situation of ATLAS HONDA Ltd. Introduction The topic chosen by me for the research and analysis project is AN ANALYSIS OF THE FINANCIAL SITUATION OF YOUR CHOICE OF ORGANISATION. The reason for choosing this topic is that I am very comfortable with financial techniques and methods that are used to carry out financial analysis. We will write a custom essay sample on Research on Atlas Honda or any similar topic only for you Order Now Financial courses covered in ACCA part 1 and 2 were of key interest to me. The organization selected for the financial analysis is ATLAS HONDA LIMITED being the market leader in the motorcycle industry in Pakistan. The company attracted me to be selected for the project because the company is the leading company in the motorcycle industry with few unestablished competitors. The company is a public limited company with an annual turnover of Rs6,977. 4 millions, which makes it a leading company of public sector in our country. As the project is related with financial analysis of the company it is easier for me to apply the financial tools learned in ACCA. It is easier for me to examine the financial position of Atlas Honda Ltd, as the management of the company is willing to provide me with sufficient financial data that will aid in carrying out a financial analysis. As this is public limited company information related to the company is also available through different magazines, government agencies, credit rating agencies (pacra), industry experts and websites. Atlas Honda Ltd is a company of Atlas group of companies. The foundation of the Atlas Group was laid in 1962 with the establishment of Shirazi Investments (Pvt) Limited with a capital of half a million rupees and three men doing business in trading shares and real estate. (www. atlasgrouppk. com) Atlas Honda Ltd was incorporated as a public limited company on October 16, 1962 and its shares are listed on Karachi and Lahore Stock Exchanges in Pakistan. Atlas Honda Limited is a joint venture between the Atlas Group and Honda Motor Co. , Japan. The merger of Panjdarya Limited and Atlas Autos Ltd created the company in 1991. The Atlas Group established both these motorcycle-manufacturing concerns. (www. atlasgrouppk. com) Atlas management is striving to modernize company operations by adapting applicable aspects of research and theory and more specially, Honda’s unique philosophy of hard/soft technologies to the realities of Pakistani conditions. Company management structure, systems and processes are changed according to the demands of the customer, growth and new technology. www. atlasgrouppk. com) Atlas Honda Ltd is a dynamic, profitable and growth oriented company through market leadership, maximizing export and excellence in quality and service. The company ensures attractive returns to equity holders, reward employees according to their ability and performance. Atlas Honda Ltd fosters a network of researchers and engineers ensuing unique contribution to the development of the industry. The company ensures custom er satisfaction and protection of the environment by producing emission friendly green products. The company aims to remain a good corporate citizen fulfilling its social responsibilities in all respects. Atlas Honda Ltd also received the best corporate report excellence awards in the engineering sector by the joint committee of ICAP/ICMAP. (Annual Report 2003) The company quality is gaining greater acceptance globally year after year the company takes it as a national cause to make â€Å"MADE IN PAKISTAN† accepted and Atlas Honda Ltd respected all the over world. An increase of 52% in exports on year-to-year basis is an indication of the growing popularity of the company products globally. Atlas Honda Ltd as being a market leader in motorcycle industry recognized the fact that excellence in business is dependent on the quality of human resource. As a result the company has continued to invest in development of its manpower over the years. The company has a well spread out service network of antenna shops, service dealers and four strokes mechanics with a combined strength of well over five thousand service points all over the country which has successfully covered the needs of company costumers. The network of 5S (Sales, Service, Spare parts, Credit and Second Hand Exchange) dealers all over country has given Atlas Honda Ltd a competitive edge over other players of the automotive industry. Due to the greater customer care and after sales service the customers of Atlas Honda Ltd are more obliged and satisfied then with any of the other competitors. As every market leader company Atlas Honda Ltd duly complies with the standards of safety health and environment (SHE). Sizeable capital expenditure was made by the company to install various equipments at assembling plants to minimize the risk of haphazard. The vision of Atlas Honda Ltd is to remain a leading group through effective use of its resources, technology and good business practices; attract and retain high quality people by developing them to their fullest potential; always keep the customer in their highest esteem and to give attractive returns to the share holders through a sustained growth of profit. (www. atlasgrouppk. com) The auto industry has been a major beneficiary of the macro economic stability of the country. The unprecedented reduction in the cost of the funds has helped promote greater consumer financing for automotive products. Atlas Honda Ltd has taken some tough decisions in enhancing the total customer base as well as dealing with the menace of the unauthorized sector. The motorcycle market has under gone a severe change in the last year. Ninety percent of the market is dominated by established brands from the organized sector. The players in the organized sector consist of the traditional Japanese manufacturers as well as a couple of Chinese assemblers and all are members of officially recognized Pakistan Automotive Manufacturers Association (PAMA). Annual report 2003) The aim of the report is to apply the tools learned in ACCA and to carry out practical work in a real time company. Through this report I will have exposure to Pakistan industry that will help me in the development of skills acquired during my ACCA studies. You read "Research on Atlas Honda" in category "Free Research Paper Samples" The report also aims to critically view the financial statements in order visualize that adequate returns a re available to shareholder, company is a going concern, company is generating sufficient profits, assets of the company are well managed and guarded by the management in the best interest of the share holders. I will also review that the best practices of management stewardship is carried out to ensure that the company is maintaining the best practices of corporate governance. The objective of the report is to carry out financial analysis of Atlas Honda Ltd for the year 2003. The financial analysis has been carried out by using financial techniques such as ratio analysis, trend analysis and vertical analysis on the data available in the annual report of the year 2003 of the company. INFORMATION GATHERING Information gathering is the process through which processed and meaningful data is available to carry out the required task. Extensive amount of information is available through Internet, media, newspapers and other business magazines. These all sources of information these days make the process of information gathering simple. There are two main source of information gathering through which information is gathered, first is my personal visits and meetings with the different personnel’s in the company and secondly the financial statements available in the stock exchange on which the company is listed and also the data available through print media publicly. The information gathered depends on the reliability of the source from which it is gathered. These both sources are reliable to gather authentic information. Information was also obtained from credit rating agencies such as (pacra) and industry experts. Some government agencies also hold information relating to companies such as Securities and Exchange Commission of Pakistan (SECP). The financial statements and print media information used for the report are for the period ended 2003,the broachers of Atlas Honda Ltd, financial and business news papers such as THE NEWS BUSINEES PAGE, DAWN BUSINESS PAGE. As Atlas Honda is a leading company in the motorcycle industry information relating to the company is also available through different business magazines such as the Gulf Economist. They are good source of reliable information, that too with a critical viewpoint about the company. Information relating to Atlas Honda is also available through Internet by access to sight www. atlasgrouppk. com that makes it easier to be familiar with the company and have access to the financial and other authentic information that helps in the effective completion of this research and analysis project. Published documents of Atlas Honda Ltd provides a reliable method of data collection through which sufficient financial data can be collected easily so that financial analysis can be conducted in a effective way. Interview is very effective means of gathering information, providing precise and accurate data. Interviews with the officials of Atlas Honda also provided quality information that helped me to have a sufficient knowledge about Atlas Honda, about its financial position, where it stands in the market, its new competitors in the motor cycle ndustry, its adequate returns to share holders, about its expansion of the business and its unique 5S(service) network that give Atlas Honda Ltd edge over its competitors. ANALYSIS The analysis stage of the report carries critical view of the financial statements to ensure that adequate returns are available to share holders, assets are properly utilized by the management and are depreciated as par the accounting policies of the company, th e company is financially sound and that investors have confidence in the company. There are few un established competitors of Atlas Honda with little penetration in the market. The ratios are computed on the basis of audited financial data for the year 2003. PROFITABILITY The profitability of any company is the key concern to the shareholders and to its employees and is also the symbol of market leadership for any company in the market. I have analyzed the profitability trend over the period of 8 years. The key ratios during the 8 years that demonstrate profitability are Profitability 2003 Gross Profit Ratio (%) Profit Before Tax (%) Profit After Tax (%) 14. 7 9. 3 6. 1 2002 13. 3 7. 1 4. 9 TABLE: 1 2001 9. 7 4. 3 2. 5 2000 10. 4 3. 0 1. 1999 11. 6 5. 3 3. 6 1998 12. 4 5. 6 3. 7 1997 1996 11. 3 5. 4 3. 6 10. 9 5. 7 3. 3 There is a constant increase in the gross profit during the first 3 years 1996 to 1998 but the year 1999 had a slump causing a decline for the next 3 years up till 2001. After that huge recovery has been made by the company with G. P Ratio from 9. 7 in 2001 to 14. 7 in 2003. Corresponding increase in cost and the relationship between profits and cost reveal that the profit before tax was almost half (5. 7) to 10. 9 in the year 1996 and this relationship is maintained in 2003. On the other hand the operating profit have not shown a considerable growth in comparison to the tax rates as shown by the relationship between G. P ratio and profit after tax. In the year 1999 it was 1/3rd to the G. P ratio but has increased to come up with ? of the G. P ratio. This indicates that the company is trying to improve its profit by maintaining its cost but the increase in taxes has jeopardized the efforts and consequent increase in profit after tax has not been obtained. Returns to Shareholders The returns are of key interest to shareholders as they invest in the company that gives more returns than the other. Atlas Honda distributed 5% of its total wealth to its shareholders in the year 2003. The company proposed a cash dividend of Rs. 7 per share. The return on capital employed, Earning per share (E. P. S), Price earning ratio, their trend can be seen below in the table. Returns to share holders 2003 ROE – Before Tax (%) 60. 5 2002 49. 8 TABLE: 2 2001 31. 5 2000 17. 4 1999 32. 7 1998 39. 6 1997 48. 0 1996 61. 0 ROE – After Tax (%) 39. 7 34. 1 18. 3 10. 3 22. 3 26. 1 31. 8 35. 0 Return on Capital Employed (%) 34. 2 29. 8 14. 7 7. 6 17. 3 18. 7 23. 4 28. Market Price 80. 00 40. 05 25. 00 19. 25 19. 25 30. 00 31. 00 27. 00 E. P. S – After Tax – Rs 20. 91 13. 24 8. 07 4. 12 8. 45 8. 60 9. 41 8. 41 Price Earning Ratio 3. 83 3. 03 3. 10 4. 67 2. 28 3. 49 3. 29 3. 21 Industry Average . P. E Ratio 3. 21 3. 14 3. 52 3. 50 2. 14 3. 31 3. 27 3. 25 The Return on equity before tax ratio showed a downward trend and declined from 61% to 17. 4% in 2000,there by recovering to a satisfactory figure of 60. 5% in 2003. The ROE after tax declined from acceptable figure of 35% in 1996 to a dangerous level of 10. % in 2000 and reaching a satisfactory figure of 39. 7% in the year 2003. Earning per share is widely used to measure the performance of the company over a number of years. E. P. S of Atlas Honda started to decline after 1997 and declined to a poor figure of 4. 12,there by up streaming to the figure of 20. 91,compariably stronger than last year due to improved profits. Price Earning ratio shows partial ups and downs through years not having significant variation except 1999 where it shows a downward trend, showing a healthy upward trend in 2000. This indicates that the investors have a strong confidence in the company abilities to maintain the earnings. Overall the P/E ratio of the company is above the industry average as indicated in table 2. The market price of the shares has grown rapidly and has become twice as compared to the last year, which indicates people’s confidence. Cash Flow situation The cash flow statement with the same importance as profit and loss account and balance sheet is used to emphasize the difference between profit and cash. Cash flows, including net present value calculations, have always been a popular management tool. The situation of the company cash flow showed that net cash generation from operations increased to Rs. 724. 20 million as compared to Rs. 519. 34 million last years. Increased net income and customers’ advances created a positive impact on the net cash provided by operations. Net cash used in investing activities decreased to Rs. 67. 53 million compared to Rs. 150. 04 million last year. Net cash used in financing activities was Rs. 42. 33 million as compared to Rs. 121. 74 million last year. During the year Rs. 150 million long-term loans were acquired and Rs. 71. 11 million loans were repaid. Cash and bank balance increased by 1. 5 times to Rs. 1, 021. 23 million this year Rs. 406. 88 million for the operating year 2002. Investment income increased to Rs. 38. 3 million from Rs. 32. 6 million of last year. Debt equity ratio was 10:90. The equity of the company stood at over Rs. 1 billion including reserves of Rs. 872. 2 million, with cash surplus of Rs. 1. 02 billion, reflecting a sound financial position of the company. Asset turnover Assets are held by companies to utilize them in their business activities and generate profits in order the company to prosper. Assets are held and maintained by Atlas Honda in the course of their business activities and the company to meet their growing requirements also acquires new capital assets. Asset turnover ratios are computed for a period of eight years. Asset turnover (Times) Sales to Total Assets Sales to Fixed Assets 2003 2. 63 12. 39 2002 3. 02 10. 32 2001 3. 16 10. 44 2000 2. 28 6. 93 1999 2. 80 9. 34 1998 2. 23 9. 02 1997 2. 89 13. 02 1996 2. 97 11. 42 Inventory Turnover 10. 34 9. 57 7. 46 6. 87 7. 39 6. 06 5. 41 5. 38 Major portion of the total assets are current assets, which not an admirable situation and the company is bearing increase in the opportunity cost of assets not invested by the company. In the other scenario the company have superfluous current assets to meet its current liabilities, which is appreciable. In the sale to fixed asset turnover there is a major acquisition in the year 2000 then in other years where there is normal acquisition during the course of business. This is indicted by the reduction of only 0. 99% in the sale of year 2000 from previous year where as there is a reduction of 2. 1 times in the sale to fixed asset turnover ratio. This acquisition by the company in the year 2000 was made to cope with predict future growth. In other years the fixed asset turnover ratio is increasing due to increasing sales and there is usual acquisition of fixed assets. In the case of the inventory turnover ratio there is a constant increase in the figures over the years. The company in warehouses does not hold idle stocks thus reducing the stock holding cost. Demand based production is carried out by the company and there are no over purchases by the company. Solvency/Liquidity Solvency is the term used to determine that are the assets of the company surplus enough to pay its liabilities. This is a key measure of the financial reliability of a company and the key ratios that computes solvency are of key interest to investors. 2003 Current ratio (Times) 1. 47 2002 1. 38 2001 1. 48 2000 1. 46 1999 1. 64 1998 1. 31 1997 1. 21 1996 1. 10 Interest Cover Ratio (Times) 17. 17 11. 18 3. 65 2. 04 3. 18 2. 58 3. 95 3. 81 The intent of the current ratios is to determine that how many current assets are there to repay current liabilities on demand. The company holds surplus current assets. This is also discussed above in the Total Asset turnover that a major portion of the total assets is current assets showing a healthy prospect in terms of the company to meet its current liabilities. The company is showing an acceptable current ratio over the period indicating the company’s capability to meet its liabilities. The interest cover ratio for the year 2002 and 2003 shows that the company is having added profits that allows the company to borrow more loans but the company is not utilizing this facility. This is also the reason the company is low geared. This also indicates financial soundness of the company in the market. If the company takes advantage of this facility it would be beneficial for the company and would facilitate the company in reducing its taxes, as interest expense is a tax allowable expense. The company has been obtaining loans in the rest of the period as indicated by the interest cover ratios of rest of the periods. Investments Investments are held by companies to have adequate returns from their sales. Investments held by Atlas Honda in associates are proposed for sale and are stated at fair value. The investments held by the company are in listed and also some unlisted companies. Investments are counted as company’s principal financial assets. Listed Atlas Battery Limited – Associated undertaking NIL (2002: 165,550 Ordinary shares of Rs. 10 Each includes bonus shares 25,550) 2003 (Rupees in 000’s) 9,548 2002 Unlisted Arabian Sea Country Club (private) Limited 200,000 ordinary shares of Rs. 10 each Break-up value on the basis of audited Accounts for the year ended June 30, 2002 Rs. 6. 25 per share 2003 2002 (Rupees in 000’s) 2,000 2,000 Automotive Testing and Training Center (private) Limited 187,500 ordinary shares of Rs. 0 each Break-up value on the basis of audited Accounts for the year ended June 30,2001 Rs. 5. 75 per share 1,875 1,875 The credit risk represents the accounting loss that would be recognized at the reporting date if counter parties failed to perform as contracted. Out of the total financial assets, following amount of financial ass ets are subject to credit risk: 1,118,907. The company believes that it is not exposed to major concentration of credit risk. To manage exposure to credit risk, the company applies credit limits to its customers. STAEMENT OF VALUE ADDITION 2003 WEALTH GENERATED Total Revenue Material Services (excluding duties) 8,066,365 (5,219,313) __________ 2,847,052 __________ 6,382,219 (4,177,572) _________ 2,204,647 _________ 2002 100% 100% WEALTH DISTRIBUTED To Government Sales Tax, Income Tax, Import Duty Workers’ Welfare Fund To Employees Salaries, benefits and related cost To Providers of Capital Dividend to shareholders Markup on borrowed funds Retained with the business Depreciation Retained profit 89,645 284,345 _________ 2,847,052 _________ 3% 10% ______ 100% ______ 83,433 4% 143,058 20,487 5% 1% 122,621 19,913 5% 1% 346,762 12% 322414 15% 1,962,755 69% 1,508,389 68% 47,877 7% _________ ____ 2,204,647 100% _________ ____ As can be seen from the table above and the chart that a greater portion of wealth generated is distributed to the government. The company paid sales tax, income tax and custom duties amounting to Rs. 1. 96 billion during the year, which represents 69% of the total wealth generated. The company’s contribution t o the national economy by way of value addition this year amounts to Rs. 2. 85 billion, which is 29. 13% higher as compared to last year showing company’s responsibility towards overall economy. This is also the reason that the company is unable to increase its profit after tax even though the company is maintaining its cost. This huge amount of tax payments has jeopardized the efforts made by the company. A good proportion of wealth generated is distributed to employees as salaries and benefits showing that the company is facilitating its employees and maintaining a healthy environment of working by offering benefits to them. WORKING CAPITAL The company has maintained a good working capital that shows the stewardship of the management in the use of financial resources in the operations. Company maintains a 5:1 to the current assets that is a working capital of Rs. 6, 671. 50 million, Showing good liquidity performance. Capital Structure The company shows a very low financial gearing (0. 165b: 1b) but the timing of the repayment cash flows is a cause of concern, as 50million out of a total of 166million has to be repaid during the next 12 months. As the net increase in cash and cash equivalent is 614million it would not be a major cause of concern but shows the company’s vulnerability and dependence on maintaining very high liquid assets. This indicates that the company is in a desperate need to maintain its profits and to increase them. The period where the company is unable to make any profit the company will be in a critical situation beyond its accepting power. Presentation of Findings The SWOT analysis is used as a technique to identify the strengths and weaknesses in the company and the opportunities and threats outside faced by the company. A SWOT analysis of Atlas Honda Limited would be a significant appraisal of the company’s position in the automotive industry. Strengths: Market leader †¢ Advance cash receipts from dealer’s hence additional cash available for investment. †¢ Customer satisfaction. †¢ Trained technical staff. †¢ Atlas Group patronage. †¢ Sound financial standing in the market. Weakness: †¢ †¢ No customer support in rural areas. Burden of taxes by the Government. Opportunities: †¢ †¢ †¢ †¢ Opportunities for new technologies. Development of latest IT infrastructure. Effective media promotion. No threat of established competitor. Threats: †¢ †¢ †¢ Threat of new entrants. Unestablished Competitors imitating the models of motorcycles at low price. Demands for low priced motorcycles. The strengths of the company are the key to triumph and the company should seize advantage from its opportunities and should devise such that its opportunities should be part of its strengths. Atlas Honda has been able to prolifically make its way through the heavy burden of taxes this year but it’s my anticipation that the burden of taxes will increase further, to counter this the company should plan a head. Atlas Honda is having a sound financial standing in the market and had attained customer satisfaction by quality products and after sales customer service. Customers are drawn in due to quality and services provided by the company, which the company should sustain and enhance, by making available price controlled motorcycles. Company has developed latest IT infrastructure to make good use of IT in manufacturing using computer techniques such as CAD (computer aided design) and CAM (computer aided manufacturing) thus enhancing costs. The edifying aspect of the report has been the findings that Atlas Honda is a financially sound company with market penetration and strong customer base. Conclusion The essence of the research and analysis report was to carry out a comprehensive financial analysis of Atlas Honda Ltd. The core objective of the report was to scrutinize that ample returns are available to share holders, the company is generating sufficient profits, and the financial situation of the company is sound and investors have confidence in the company and its financial position. In my surveillance over all the company has maintained a good level of profit even after an amplified amount of tax over the period of time. This has caused an increase in Earning per share of the company and eventually the market value of the company, which is avowed at 700% premium (Market value Rs. 80 per nominal value of Rs. 10 per share). The investors have confidence, which is reflected in the Price Earning Ratio of the company, which the company has maintained over the period of 8 years. The overall enhancement in the level of operations and market demand indicates that the company is moving on the right track even after facing rigid rivalry from its competitors. Atlas Honda has maintained a very low level of gearing and so far is unable to acquire market loans, which indicates low level of financial risk the company is exposed to. On the other hand this can hamper the potential available in the market by scarcity of the funds in the company when investment climate is good and market demands is high. In the Automotive industry Atlas Honda is still a market leader as far as the wealth distribution to the government is concerned. In the statement of value addition it is indicated that 69% of the company’s wealth had been distributed to the government as sales tax, income tax, import duty and workers welfare fund. Subsequent to the distribution the company has maintained sufficient levels of profit to distribute to the shareholders in the form of dividends. The company has continued to improve the net generation of cash and cash equivalents during the year causing the company to increase its cash resources. Positive inflow of cash from operations is a signal of company’s ability to improve the liquidity position of the company on a continuous basis. This is the main reason the liquidity situation of the company is very good. The analysis shows that the company is making headway well in terms of profitability, liquidity but as far as the capital structure of the company is concerned it is still at very low level of gearing thus hampering the opportunities available in the market and without exploiting the internal strengths available in the company. A high level of profits, good liquidity and sufficient working capital indicates that the financial situation of the company has improved over the period of time and is still improving. On the basis of the research and analysis work carried out I foresee that Atlas Honda will be more profitable over the period of time and will be able to exploit the opportunities available in the market. In my viewpoint Atlas Honda will remain to be the market leader for the coming years too. The company will also prove arduous to compete by new entrants in the industry. How to cite Research on Atlas Honda, Essays

Visit to Muktijuddha Jadughar free essay sample

Visit To MuktiJuddha Jadughar Brief essay on liberation War of Bangladesh: In August 1947, the Partition of British India gave birth to two new states; a secular state named India and an Islamic state named Pakistan. But Pakistan comprised two geographically and culturally separate areas to the east and the west of India. The western zone was popularly termed West Pakistan and the eastern zone was initially termed East Bengal and later, East Pakistan. Although the population of the two zones was close to equal, political power was concentrated in West Pakistan and it as widely perceived that East Pakistan was being exploited economically, leading to many grievances. On 25 March 1971, rising political discontent and cultural nationalism in East Pakistan was met by brutal suppressive force from the ruling elite of the West Pakistan establishment in what came to be termed Operation Searchlight. The violent crackdown by West Pakistan forces led to East Pakistan declaring its independence as the state of Bangladesh and to the start of civil war. We will write a custom essay sample on Visit to Muktijuddha Jadughar or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The war led to a sea of refugees flooding into the eastern provinces of India. Facing a mounting humanitarian and economic crisis, India started actively aiding and organizing the Bangladeshi resistance army known as the Mukti Bahini. Although East Pakistan had a larger population, West Pakistan dominated the divided country Language, politically and received more money from the common budget. In 1948, Mohammad Ali Jinnah, Pakistans first Governor-General, declared in Dhaka (then usually spelled Dacca in English) that Urdu, and only Urdu would be the sole official language for all of Pakistan. This proved highly controversial, since Urdu was a language that was only spoken in the West by MuhaJirs and in the East by Bihars. The majority groups in West Pakistan spoke Punjabi, while the Bengali language was spoken by the vast majority of East Pakistanis. The language controversy eventually reached a point where East Pakistan revolted. Several students and civilians lost their lives in a police crackdown on 21 February 1952. The day is revered in Bangladesh and in West Bengal as the Language Martyrs Day. The military dictatorships of Ayub Khan (27 October 1958 25 March 1969) and yahya Khan (25 March 1969 20 December 1971), both West Pakistanis, only heightened to dominate East Pakistan both in culturally and economically. The situation reached a climax when in 1970 the Awami League, the largest East Pakistani political party, led by Sheikh MuJibur Rahman, won a landslide victory in the national elections. The party won 167 of the 169 seats allotted to East Pakistan, and thus a majority of the 313 seats in the National Assembly. This gave the Awami League the constitutional right to form a government. However, Zulfkar Ali Bhutto the leader of the Pakistan Peoples Party, refused to allow Rahman to become the Prime Minister of Pakistan. Instead, he proposed the idea of having two Prime Ministers, one for each wing. The proposal elicited outrage in the east wing, already chafing under the other constitutional innovation, the one unit scheme. Bhutto also refused to accept Rahmans Six Points. On 3 March 1971, the two leaders of the two wings along with the President General

Vietnam War Essays - Vietnam War, Presidency Of Lyndon B. Johnson

Vietnam War To many, the Vietnam War symbolizes controversy, myth and question in America. There are many events that made Americans wonder what reasons we had for putting our troops and families in Vietnam. Up till that point, many other Americans had never questioned the acts of the American government and armed forces. Issues dealt with in the Vietnam War showed great impact on the American people, particularly the students. American involvement started off very low key. Two marine battalions landed in Da Nang on March 8, 1965 (Doyle, Lipsman). They were not fighting a war yet, though a war was going on in the very country that they were in. Their job was to merely protect an air field in Da Nang, not look for trouble or initiate any kind of war tactics. But soon, holding off the enemy was not so easy for the American soldiers, and more troops were sent in. This continued on, and when May rolled around there were 46,000 American Troops in Vietnam (Doyle, Lipsman). It was at this time when American troops were then given the "permit to use more active defense," and soon after, the number soared to 82,000 American troops in Vietnam (Doyle, Lipsman). From there, the American defense quickly turned into an offense, and transportation flights turned in to rescue missions. This was about the time that Americans at home began to become worried that the war in Vietnam was getting out of hand. Small protests broke out amongst college students across America, but these began to become very serious. On April 17, 1965 The Students for a Democratic Society organized a national protest on the steps of the capitol in Washington D.C. (Doyle, Lipsman). Television coverage enraged people by misleading facts and disturbing war images of troops killing women and children. Frustration in America grew and riots and protests got out of hand as no questions seemed to be answered. Students protested and gathered, building rage against the war spurring events like the Kent State Massacre. The Kent State Massacre is named after a calm protest uprooted when guards killed and wounded students by opening fire on a mass of students as they gathered on the Kent State campus (Encarta). Events such as the Kent State Massacre enraged Americans more than ever causing violent riots and outbreaks. Meanwhile, America's position in Vietnam worsened. More and more were sent, and more and more troops were killed. America's great offense was tattering down and guerrilla warfare on unfamiliar terrain hampered soldier performance. The war then quickly switched over and put more weight on air attacks and bomb raids. Helicopters became America's best friend as they were a brand new invention that had not previously seen much use. The helicopter made landing and exiting in rough terrain easier than any other method seen before by the United States military. Other weaponry made its debut in the Vietnam War. Spurred from the second world war, where tanks were introduced, the anti-tank missile launcher was a key weapon for all countries to develop. The Vietnam War was the first war that the anti-tank missile launcher was effectively used. Standard guns also were changing; they become lighter in weight, more accurate, and able to function better with less maintenance and malfunction. All of these new, and newly perfected, weapons made the Vietnam War an unfamiliar territory for everybody as the death toll soared through the roof. More troops were sent, more black troops. Racism raced through the veins of many white Americans at this time, and blacks still felt discriminated against by the government and the people of America. All of this as more black troops were being put on the battle front to fight. Black gangs erupted and dodged the draft, became violent, and held to one another very closely. This was the first sign of gangs in America, as we see gangs today. Many black Americans did not understand why they were being force to fight and die for a country that hated them. They felt as if they were being sent in place of whites, but in fact only 12.5% of all troops in Vietnam were black, and it was merle stretched facts and media influence that caused the black eruptions in America (Westmoreland, VHFCN). As America boiled, the "photographers war" continued in Vietnam (Cohen). The Vietnam War has been said on countless occasions to be the most photographed war in history. The reason for this is the development and improvement of the camera. The camera had become small enough and

Oates

â€Å"Where Are You Going, Where Have You Been?† Joyce Carol Oates’s Where Are You Going, Where Have You Been? is an interesting dichotomy of a girl’s coming of age story and a grim fairy tale. The protagonist in this story is Connie, a vain young girl with a penchant for trashy dreams; while Arnold Friend is her antagonist, an evil force most likely, the Pied Piper or the Devil. Their interaction and foreshadowed moments bring the story to its inevitable tragic end. The character of Connie will be the first explored. Connie is established in the beginning of the story as a vain, shallow daydreamer. It’s these flaws that bring about her fall. In the first paragraph, her vanity is clearly displayed: â€Å"†¦ craning her neck to glance into mirrors or checking other people’s faces to make sure her own was all right.† (p.60) She thinks of little else except mindless daydreams, which end up harming her later on: â€Å"†¦ dreaming about the boys she met.† (p.62) â€Å"Connie couldn’t do a thing, her mind was all filled with trashy daydreams.† (p.60) Connie succumbs to her â€Å"trashy dreams† in the form of the evil entity that has come to take her away. She is seduced by way of her vanity and mistakes death for an erotic romance of a trashy kind; a sort of fatal attraction to the evil of Arnold Friend. Arnold Friend is a sexual swaggart disguised as the ultimate trashy dream- James Dean: â€Å"†¦he had shaggy, shabby black hair†¦Ã¢â‚¬  (p.63) â€Å"†¦tight faded jeans stuffed into black scuffed boots, a belt that pulled his waist in†¦ a white pull over shirt†¦ even his neck looked muscular†¦Ã¢â‚¬  (p.65) He stereotypes the ideal rebel that Connie would want. There are also clues that Arnold Friend’s true identity is that of the Pied Piper. Music and sounds are constantly recurring in the story, enticing Connie every time into a daydream where everything seems great: â€Å"†¦charm brace... Oates Free Essays on Where Are You Going, Where Have You Been/Oates â€Å"Where Are You Going, Where Have You Been?† Joyce Carol Oates’s Where Are You Going, Where Have You Been? is an interesting dichotomy of a girl’s coming of age story and a grim fairy tale. The protagonist in this story is Connie, a vain young girl with a penchant for trashy dreams; while Arnold Friend is her antagonist, an evil force most likely, the Pied Piper or the Devil. Their interaction and foreshadowed moments bring the story to its inevitable tragic end. The character of Connie will be the first explored. Connie is established in the beginning of the story as a vain, shallow daydreamer. It’s these flaws that bring about her fall. In the first paragraph, her vanity is clearly displayed: â€Å"†¦ craning her neck to glance into mirrors or checking other people’s faces to make sure her own was all right.† (p.60) She thinks of little else except mindless daydreams, which end up harming her later on: â€Å"†¦ dreaming about the boys she met.† (p.62) â€Å"Connie couldn’t do a thing, her mind was all filled with trashy daydreams.† (p.60) Connie succumbs to her â€Å"trashy dreams† in the form of the evil entity that has come to take her away. She is seduced by way of her vanity and mistakes death for an erotic romance of a trashy kind; a sort of fatal attraction to the evil of Arnold Friend. Arnold Friend is a sexual swaggart disguised as the ultimate trashy dream- James Dean: â€Å"†¦he had shaggy, shabby black hair†¦Ã¢â‚¬  (p.63) â€Å"†¦tight faded jeans stuffed into black scuffed boots, a belt that pulled his waist in†¦ a white pull over shirt†¦ even his neck looked muscular†¦Ã¢â‚¬  (p.65) He stereotypes the ideal rebel that Connie would want. There are also clues that Arnold Friend’s true identity is that of the Pied Piper. Music and sounds are constantly recurring in the story, enticing Connie every time into a daydream where everything seems great: â€Å"†¦charm brace...

Land Economics and Planning Essay Example | Topics and Well Written Essays - 3000 words

Land Economics and Planning - Essay Example Firms complete a great deal of market analysis before searching for a suitable location. In addition, firms compile detailed information regarding the cost of product. They know whether electricity cost is more important then freight cost or labor price. Prepared with a list of "must haves" based on this information, the firm's site consultant or representative begins the quest for the firm's ideal location. You can be assured that, like the shopper looking for a pair of shoes, individuals seeking a site for their firms are not about to change the selection criteria because they had a great dinner at your local restaurant. That is why developing a site is so competitive and requires a great deal of preparation by community leaders. It didn't work for our shoe clerk to offer to dye the shoes the right color, and it won't work for a community when it offers to change the terrain of its local industrial site. Instead, a community needs to spend time long before that first visit by a fir m's site-selection team seeking answers to the details regarding the site the community wishes to promote. The more a community considers site-selection criteria before it selects or develops a particular site for promotion, the lower the likelihood becomes that local leaders will need to explain why they spent so many public dollars on a site that is drawing no interest. Most communities in the UK can claim to have sites available for business development. Under closer inspection, these sites are usually either undeveloped open spaces (often agricultural lands) at the edge of the community or former industrial lands within the community. Both of these share a common problem: Businesses cannot occupy them without substantial infrastructure improvements.Sites that have been previously used for industry or other activities are called brownfield sites. Most are in central city areas and are often surrounded by mixed land uses such as residential, commercial, or public (schools and hospitals, for example). Usually brownfield sites were occupied by industrial complexes. Since older industries used multistory facilities, these sites are often on small parcels of land. Modern factories are laid out horizontally (using one story) to facilitate assembly lines and flow of products. Older sites carry the risk of environmental contamination, especially since the y were most likely operated during a period of less stringent environmental regulations. Environmental contamination can be costly to clean up. Finally, older sites may still contain the buildings or other structures from the previous land use. These will either need to be demolished or refurbished (this often includes such actions as bringing the structure up to current fire, building and disability codes as well as other standards). To minimize their costs and risks, businesses will usually locate on sites that require minimum investments in infrastructure and other improvements. This usually eliminates the unprepared sites. Hence, communities that want to have successful business sites must have developed a plan for creating a prepared site. Site development is utilized to create marketable, prepared business sites. 1.1 Requirements for a Prepared Site It is important to realize that for a site to be effective, it must satisfy the needs of a particular business. The site is constructed to improve the quality of life of a community, but it still must be a viable site to attract business. As we stressed above, a