Performenced Analysis of Apex Footware Bangladesh

Only available on StudyMode
  • Download(s) : 300
  • Published : April 4, 2013
Open Document
Text Preview
FINANCIAL PERFORMANCE ANALYSIS OF APEX ADELCHI FOOTWEAR LTD

CHAPTER ONE
Introduction Part

1

FINANCIAL PERFORMANCE ANALYSIS OF APEX ADELCHI FOOTWEAR LTD

1.1

Introduction:

In 1990, Mr. Syed Manzur Elahi, the chairman of Apex group started a new venture known as Apex Footwear. (Nasiruddin) In 2006, Apex Footwear Limited collaborated with Adelchi- an Italian company and changed the name to Apex Adelchi Footwear Limited (AAFL), initiating a joint venture with a new business spirit. (Nasiruddin) Apex Adelchi Footwear Limited is a leading manufacturer and exporter of leather footwear from Bangladesh to major shoe retailers in Western Europe, North America and Japan. (apexadelchi.com, 2010)AAFL pioneered the export of value added finished products in the leather sector of Bangladesh and is also involved in the local footwear retail business with the second largest shoe retail network in

the country.

(apexadelchi.com, 2010)AAFL has equity, technical and marketing participation from La Nuova Adelchi one of the largest footwear manufacturers of Italy. (apexadelchi.com, 2010)Public listed and traded since 1993, AAFL is professionally managed, currently employees more than 6800 persons and is in full compliance with Corporate Governance Compliance Report under section 2CC of Securities Exchange Commission Notification Order. (apexadelchi.com, 2010)

1.2 Origin of the Report:
To expand the practical knowledge by implementing theoretical knowledge through the internship program that would make a student to become a competitive with the outside world. That program not only increases the knowledge but also give the idea about organizational activities before entering into an organization. BRAC University is one of the reputed private university in Bangladesh, has designed the curriculum of BBA course such way that international graduates will be produced. After competing 126 credits, one student need to go for further 4 credit internship programs in a commercial organization. From this internship program students get the opportunity to learn facing the real business world. My faculty supervisor Md. Saif Hossain, Lecturer, BRAC Business School, BRAC University, approved the topic and authorized me to prepare this report as part of the fulfillment of internship requirement. The report thus was titled as „Financial Performance Analysis of Apex Adelchi Footwear Ltd.‟

2

FINANCIAL PERFORMANCE ANALYSIS OF APEX ADELCHI FOOTWEAR LTD

1.3

Background of the Report:

The business world is getting dynamic and competitive day by day. It is hard for an organization to run & even survive in a fast paced, growing and uncertain world if it cannot keep tracks with the go of business dynamism. Business plays and links important roles in developing the economy of a country. So, as a business graduate, I think I need to be attached with any organization to get a handy & versatile experience about the business world before starting our career. Internship is the arrangement, which makes a bridge between our academic knowledge and practical world to have an acquaintance with the real business world as well as to gear me up to lead the future competitive business.

I have worked in the accounting division of Apex Adelchi Footwear Limited, head office, Gulshan-1, Dhaka. In this report, I will try to make an overall financial analysis of AAFL.

1.4

Objectives of the report:

General Objective:
 The primary objective of this report is to explore of financial performance analysis of Apex Adelchi Footwear Ltd.

Secondary Objective:
 To show an overview of the company(vision, mission, value, product offerings, associates companies)
 To present an overview of Department of Gallerie Apex.
 To present an overview of footwear industry, economic condition of Bangladesh & worldwide.

3

FINANCIAL PERFORMANCE ANALYSIS OF APEX ADELCHI FOOTWEAR LTD

1.5

Methodology:

While conducting the report, sources were...
tracking img