Project report is a temporary program for a student of graduation program. Project report is required for partial fulfillment of Masters of Business Administration (MBA) degree which covered 6 credit of total required credit to be completed. Through a report making a student gathered knowledge about special sectors or about special topics in details.
To prepare a project report for my MBA degree I chose Mr. Md. Mamunur Rashid as a supervisor who is the lecturer of Department of Business Administration of Stamford University Bangladesh.
Under his supervision I prepare my report on “Performance Evaluation of selected Textile Companies through Financial Statement (Ratio) Analysis”
1.1 Background of the Study
Textile is considered as the largest industrial sub-sector in Bangladesh. It contributes 76% to 78% of the country’s total export earnings, gives employment to over four million people, meets the entire needs for clothing of the country and contributes about 50% of the industrial value addition. Its net contribution to country’s export earning, however, is still less than 30% because of its over dependence on imported raw materials in the absence of appropriate support from backward linkage industry. One of the sustainable means to keep the country’s garment sector competitive in the free world market is to establish backward linkage of RMG, i.e., weaving, knitting, knit dyeing, yarn dyeing, and of course, spinning industries. It will be difficult for Bangladesh to compete with countries like China, India, Pakistan, Indonesia, Vietnam, Cambodia, etc., in the export market under quota free situation by importing fabrics and yarn from its competitors. Realizing the importance, the government has already declared this sector as a “Thrust Sector” for the economy.
1.2 Objective of the Study
The purpose of the study is to make an analysis of Financial Statements of selected textile companies in terms of textile Industry. This study attempted to understand the financial conditions of selected textile companies through different ratio analysis.
• Partial fulfillments of Masters of Business Administration Degree
a. Data collection: I have collected data from secondary sources through internet, different web site, company web site & annual report of selected companies b. Data presentation: After collecting data, I’ve presented them through graphical approach. c. Data analysis: Data analysis is a process of gathering, modeling, and transforming data with the goal of highlighting useful information, suggesting conclusions, and supporting decision making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, in different business, science, and social science domains. I’ve tried to analysis all the data in a proper way to make proper informat
The scope of the study will be limited to the organizational setup, function and operation of the textile sector in the Bangladesh. This report mainly encompasses the Training and Development Practices. To collect data from primary source I’ve gone to different textile mill, talked with different level of executives. All of them were very much supportive. They have inspired me and willingly discussed on the impotency of training and development in textile sector in Bangladesh.
While collection data from different sources, I’ve faced some difficulties. The limitation of time and sufficient money was one of the problems.
• The main limitation while preparing this report was time. So it was not possible to focus everything deeply. • Lack of Information at source
• Lack of sufficient privileges
Textile Industry in Bangladesh
History of textile in Bangladesh:
Textiles the history of power driven modern textiles in Bengal dates back to the...