Ratio analysis is an important tool for analyzing the company’s essential performance. Ratio analysis enabled the manager to spot trends in a business and to compare its performance and condition with the average performance of similar to own business in the same industry. To do these compare ratios with the average of business similar to own business and compare own ratios for several successive years, watching especially for any unfavorable trend that may be started. Ratio analysis may provide the all important early warning indication that allow us to solve business problem s before the business is destroyed by them. 2.Historical Background Of The RMG Economy
The Ready Made Garment industry (RMG) of Bangladesh started in the late 1970s and become a prominent player in the economy within a short period of time. The industry has contributed to export earnings, foreign exchange earnings, employment creation, poverty alleviation and the empowerment of women. The availability of cheap labor are the main reasons behind the success of the industry. In the early 1980s, the RMG industry of Bangladesh concentrated mainly in manufacturing and exporting woven products. Since the 1990s, the knit section of the industry has started to expand. Shirts, T-shirts, trousers, sweaters and jackets are the main products manufactured and exported by the industry. Other hand, we can say that RMG industry is the only multi-billion-dollar manufacturing and export industry in Bangladesh. Whereas the industry contributed only 0.001 percent to the country’s total export earnings in 1976, its share increased to about 75 percent of those earnings in 2005. In the 1980s, there were only 50 factories employing only a few thousand people. Currently, there are 4490 manufacturing units. The RMG sector contributes around 75 percent to the total export earnings. In 2007 it earned $9.35 billion. This sector also contributes around 13 percent to the GDP, which was only around 3 percent in 1991. Of the estimated 4.2 million people employed in this sector, about 50 percent of them are women from rural areas. USA is the largest importer of Bangladeshi RMG products, followed by Germany, UK, France and other E.U countries. Garment sector is the largest employer of women in Bangladesh. The garment sector has provided employment opportunities to women from the rural areas that previously did not have any opportunity to be part of the formal workforce. This has given women the chance to be financially independent and have a voice in the family because now they contribute financially. However, the women workers are facing many problems. Most women come from low income families. Low wage of women workers and their compliance have enabled the industry to compete with the world market. Women are paid far less than men mainly due to their lack education. Women are reluctant to unionize because factory owners threaten to fire them. Even though trade unionization is banned inside the Export processing Zones (EPZ), the working environment is better than that of the majority of garment factories that operate outside the EPZs. But, pressure from buyers to abide by labor codes has enabled factories to maintain satisfactory working conditions.The RMG sector is expected to grow despite the global financial crisis of 2009. As China is finding it challenging to make textile and foot wear items at cheap price, due to rising labor costs, many foreign investors, are coming to Bangladesh to take advantage of the low labor cost. 3.Product And Services Offered By The Companies
Garments Products of Bangladesh
Bangladeshi Ready-made Garments make so much different types cloths, such as Blazer, Blouse,, Boxer, Shorts, Caps Cardigan, Cargo Pants, Coat, Dress Shirts, Fleece Jackets, Garment Plastic Bags, Gowns, Hats, Jackets, Jeans, Jogging Suits, Jogging Suits, Ladies Dresses, Maternity Wears, Mittens, Night Wear, Outer Wear, Overalls, Pajama Sets, Playsuits , Shirts,...
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