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Welcome To My Presentation Topics: Forecasting Income statement of Atlas Bangladesh Ltd

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Presentation on theme: "Welcome To My Presentation Topics: Forecasting Income statement of Atlas Bangladesh Ltd"— Presentation transcript:

1 Welcome To My Presentation Topics: Forecasting Income statement of Atlas Bangladesh Ltd www.AssignmentPoint.com

2 Forecasting Income statement of Atlas Bangladesh Ltd Introduction Atlas Bangladesh Limited was incorporated as a private limited company in 1966 and thereafter as per government’s decision it was converted into a public limited company in 1987. The Company assembles motor cycle and mishuk (three wheeler) and also imports spare parts. It also manufacturers and markets some of these parts locally. In Bangladesh atlas Limited is the sole representative of Honda Motor Company Limited, japan, Hero Honda Motor Limited, India and Atlas Honda Limited, Pakistan. The shares of the Company are listed in the Dhaka Stock Exchange Limited, Bangladesh. The registered office of the Company is situated at 265-267 Tongi Industrial Area, Tongi, Gazipur. Industry Analysis Share Capital Issued, subscribed and paid up Share Capital of the Company is Tk. 10,00,00,000 which is divided into 1,00,00,000 ordinary shares of Tk. 10.oo each. This includes 90,00,000 Bonus Shares of Tk. 9,00,00,000 declared in phases in 1992, 1996, 2002, 2003, 2005, 2006 and 2007. www.AssignmentPoint.com

3 Production Motorcycle of the following models are being produced and marketed by the Company; A) Japan Origin : 1. Honda c-50 SWR 50 CC 2. Honda cd-80 P 80 CC 3. Honda cg-125 P 125 CC B) Indian Origin : 1. Hero Honda Splendor Plus 100 CC 2. Hero Honda Passion Plus 100 CC 3. Hero Honda CD- DAWN 100 CC 4. Hero Honda CD-Deluxe 100 CC 5. Hero Honda Glamour 100 CC C) Pakistan Origin : 1. Honda CD-80 80 CC 2. Honda CG-125 125 CC D) Product of ABL : 1. Mishuk- Three Wheeler. 80 CC www.AssignmentPoint.com

4 Sales There are motorcycles of various brands and models on the market. In spite of tough competition in the market, motorcycles produced by ABL is gradually expanding which is possible due to the highest quality of its products. During the financial year 2007-2008 actual sale of Motorcycle and Mishuk is 32,523 nos and 34 nos as against annual target of 27,00 nos and 100 nos respectively. The achievement of target is 120.46% and 34% respectively. Besides, the company carried out activities of free servicing, repairing and overhauling of Motorcycle and Mishuk round the year Profit During the year 2007-2008 the company earned a pre-tax profit of Tk. 1,287.53 lac whereas the previous year’s profit was Tk. 1,383.86 lac www.AssignmentPoint.com

5 Dividend Considering the overall financial position of the Company, the Board of Directors recommended to pay cash dividend on the paod ip capital of the company after paying @ 100% I.e. Tk. 10.00 for each share of Tk. 10.00 out of the profit earned by the Company after paying tax for the year 2007-2008. While proposing the cash dividend, die consideration was given on upholding the interest of the investors. Future Plan The Company has planned to manufacture at least some of the components of motorcycle locally through sub-contracting system. It has also planned to install semi-automatic system for assembling of motorcycles in place of existing manual one. Hero Honda Motors Ltd. India has already agreed to assist us n this regard. www.AssignmentPoint.com

6 Swot Analysis Strengths: ABL organization is a mature company they have been marketing for last 43 years. They have strong management due to their big company. They deal directly with the customer and for customer problem solution they have installed many work station for free customer service, and also it has been able to reduce middle channel costs. These components, such as logistics, system integrators, repair and support companies, component suppliers, third party suppliers and distributors have become each of the company's manufacturing processes so that ease of provision to the customers is possible. This reverse organizational process structure differs from other industry leaders. Also they have very quality and experienced employees who are very responsible in their respective job. Weaknesses: Though it’s has lots of strengths besides this strengths there have some weaknesses. There is no availability of raw materials. Lack of high level technician. Much of its strategies have to rely on the capacity and capability of these manufacturing components. Additional finance need for better works, which is absent in ABL Company. And also for better product continuous updates and process improvement and research and development is required but it is also rare in this company. www.AssignmentPoint.com

7 Opportunities : Having established an integrative and virtual network, ABL has been able to achieve the high level of corporate outcome that challenged most of the industry leaders. ABL established Dealer Shops almost every district in Bangladesh. It has wide access to customers and market. Reaching any niche market in any District is therefore not a problem for ABL’s marketers. Threats: However, due to the integration of components in ABL organization structure, ABL competes not only compete at the final product level but also at the supplier’s level. Third party Automobiles and Automobile for example have great competition for price and product categorization which could eventually affect ABL position in the market. www.AssignmentPoint.com

8 Ratio Analysis 1)Current ratio= Current assets/Current liabilities = 720,259,380/294,007,147 = 2.45:1 Current ratio for the year is 2.45:1 and the standard ratio is 2:1 Which is satisfactory. 2)Acid test ratio= Current asset – inventories/Current liabilities = 720,259,380-186,159,790/294,007,147 = 1.82:1 Acid test ratio for the year is 1.82: which is satisfactory 3)EPS= Net Income/Number of common stock outstanding = 71,792,700/60,00,000 =Earning per share is Tk11.97 during this year which is Tk5.36 less then that of the previous year www.AssignmentPoint.com

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10 1) Graphical representation of contribution to National Exchequer and pre-tax profit for 2003-2008 2) Graphical representation of production & sale of Motorcycle during 2003-2008 www.AssignmentPoint.com

11 Conclusion Finally, on behalf of the Board Directors and on my behalf, I like thank all workers, staff and officers of the company for their contribution, sincerity and loyalty in managing the Company successfully during the period The Board of Directors also express their gratitude to the valued shareholders for their continued support, active co- operation, assistance and valuable advice.Besides, we express our gratitude to Honda Motor Company Ltd. Japan, Hero Honda Motors Ltd, Indian and Atlas Honda Limited, Pakistan for their contributions toward the success of the Company. www.AssignmentPoint.com

12 Thank you www.AssignmentPoint.com


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