Finance
Introduction
We prepared the term project which is based on financial statements of the RAK and their major competitor Shinepukur chosen from the same industry. After collecting all the annual reports, we have also access to their websites as well as various newspapers available in the library and the internet. We made several discussions to make our decision. Here, we will try our best to analyze the financial data acquired from the reports of year ended 2009, 2010 and 2011. Moreover, we have used the graphical presentation of trend analysis. In addition we compared their liquidity, productivity, leverage, profitability and market value ratio. It will inform us clearly about which company is in a better situation. Then we will conclude with a financial summary of the ratios using DuPont system of analysis which will help us to see whether the company is fully utilizing its total asset turnover, equity multiplier and profit margin all together.
RAK (Ras Al-Khaimah)
We selected RAK as the “selected company” (mentioned in the project outline) to analyze the financial statements. RAK Ceramics is the world’s largest manufacturer of ceramic and porcelain tiles with global production output of 117 million sq.m. per annum and accounts for around USD 1 billion global sales annually. The Ras Al Khaimah (RAK)-based public-listed company was established in 1991 by H.H. Sheikh Saud Bin Saqr Al Qasimi. The company's creations include the high-valued brand "Elegance Ceramics" and it continues to be a global pioneer in the world of ceramics through innovative eco-friendly products. RAK Ceramics uses more than 8,000 production models almost every week to its portfolio. All these contribute to RAK Ceramics brand by offering complete value-added service to clients. RAK Ceramics is a ISO 9001: 2008 & ISO 14001: 2004 certified organization.
Shinepukur Ceramics Limited (SCL)
We have selected the Shinepukur ceramics limited company as the major competitor of RAK
We prepared the term project which is based on financial statements of the RAK and their major competitor Shinepukur chosen from the same industry. After collecting all the annual reports, we have also access to their websites as well as various newspapers available in the library and the internet. We made several discussions to make our decision. Here, we will try our best to analyze the financial data acquired from the reports of year ended 2009, 2010 and 2011. Moreover, we have used the graphical presentation of trend analysis. In addition we compared their liquidity, productivity, leverage, profitability and market value ratio. It will inform us clearly about which company is in a better situation. Then we will conclude with a financial summary of the ratios using DuPont system of analysis which will help us to see whether the company is fully utilizing its total asset turnover, equity multiplier and profit margin all together.
RAK (Ras Al-Khaimah)
We selected RAK as the “selected company” (mentioned in the project outline) to analyze the financial statements. RAK Ceramics is the world’s largest manufacturer of ceramic and porcelain tiles with global production output of 117 million sq.m. per annum and accounts for around USD 1 billion global sales annually. The Ras Al Khaimah (RAK)-based public-listed company was established in 1991 by H.H. Sheikh Saud Bin Saqr Al Qasimi. The company's creations include the high-valued brand "Elegance Ceramics" and it continues to be a global pioneer in the world of ceramics through innovative eco-friendly products. RAK Ceramics uses more than 8,000 production models almost every week to its portfolio. All these contribute to RAK Ceramics brand by offering complete value-added service to clients. RAK Ceramics is a ISO 9001: 2008 & ISO 14001: 2004 certified organization.
Shinepukur Ceramics Limited (SCL)
We have selected the Shinepukur ceramics limited company as the major competitor of RAK