Part 1 Analysis of Financial Statement
Computation of Financial ratio
1. Common size statements
2. Internal liquidity (solvency)
3. Operating performance
a. Operating efficiency
b. Operating profitability
4. Risk analysis
a. Business risk
b. Financial risk
5. Growth analysis
• Determinants of Growth
Part 2 Industry Analysis
1. Cross-Sectional Industry performance
2. performance over time
3. Performance of companies within an industry
4. Performance Analysis Process
5. Business Cycle
• Interest Rates
• International Economics
• Customer Sentiment
Structural Economic Changes and Alternative Industries
d. Politics & regulations
Evaluating the industry life cycle
Analysis of industry competition
Estimating the Expected Growth rate
Part 3 Company Analysis
Growth Companies and Growth Stocks
Defensive Companies and stocks
Cyclical Companies and stocks
Speculative Companies and Stocks
a. Firm competitive Strategies
b. SWOT Analysis
a. Relative Valuation techniques
I. Price/Book Value Ratio
II. Price sales Ratio
Lafarge Surma Cement Ltd. was incorporated on 11 November 1997 as a private limited company in Bangladesh under the Companies Act 1994 having its registered office in Dhaka. On 20 January 2003, Lafarge Surma Cement Ltd. was made into a public limited company. The Company is listed in Dhaka Stock Exchange and Chittagong Stock Exchange. Today, Lafarge Surma Cement Ltd. has more than 20,000 shareholders.
The Company is fortunate to have a blend of both international and local shareholders. The international shareholders of Lafarge Surma Cement Ltd. bring in technological and management expertise while the local partners provide deep insights of the economy of Bangladesh. The shareholders believe that growth and innovation must add value, not only for the Company, but also for customers, whom the Company serves through modern and well-located production facilities as well as innovative and reliable products.
Importance of cement industry in Bangladesh:
1. Basic ingredient in construction work.
2. Generation of employment.
3. Contribution to national exchequer.
4. Contribution to Indian railway revenues.
5. Helpful in the development of other industries.
6. Enhancement in the national income.
7. Huge export potentialities and quick marketability.
Factory Location: World leader in building materials Lafarge of France and renowned Spanish cement producer Cementos Molins have set up a state-of-the-art fully integrated dry process cement plant at Chhatak, Sunamganj in north east Bangladesh. This location is 10 km away from the border with the Indian State of Meghalaya.
Head Office: The head office of Lafarge Surma Cement Limited is located at Dhaka (House 35, Road 24,Gulshan 1, Dhaka 1212, Bangladesh). The intellectuals behind the scene work here. Strategies for future, financial forecasting and decision making, records, procurements, internal administration and all major parts are geared up from this place.
Sales Office: The commercial department is positioned also in Dhaka.
ANALYSIS OF FINANCIAL STATEMENTS
| |2011 |2010 |2009 |2008 | | |Taka’000 |Taka’000 |Taka’000 |Taka’000 | |Asset | | | | | |Non-current assets | | | | | |Property, plant and equipment |12,176,273 |12,629,748...