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Finance 301, Brac Uni

In: Business and Management

Submitted By aasiif
Words 4252
Pages 18
1.Introduction:
Bangladesh is a developing country. The product of yarn plays a vital role on industrial sector as well as total economy of Bangladesh. Bangladesh is mainly developed on agriculture sector, but textile is not less important than others. The textile industry has played an important role in Bangladesh’s economy for a long time. Currently, the textile industry in Bangladesh accounts for 45 percent of all industrial employment and contributes 5 percent to the total national income. The industry employs nearly 4 million people, mostly women. A huge 78 percent of the country’s export earnings come from textiles and readymade garments, according to the latest figures available. Bangladesh exports its apparel products worth nearly $5 billion per year to the United States, European Union (EU), Canada and other countries of the world. It is the sixth largest apparel supplier to the United States and EU countries. But recently this sector is facing some ups and downs. Besides share of Bangladesh in world total cotton production is not satisfactory. In this situation we should find out the major problems and barriers of textile sector. Yet, Bangladesh has bright prospect in this sector. From our survey we can understand that Malek Spinning Mills ltd. is much profitable than Apex weaving and finishing mills Ltd. Apex ltd is facing losses for fast several years. Tallu Spinning Mills Ltd. Faced losses few years back but they have overcome the loss. We have selected this company So that we can easily compare the textile sector from different views. We will analyze the different ratios of these three companies from their recent financial conditions and we will try to figure out the ups and downs of their business situation.

2.1 Ratio analysis of Apex Weaving & Finishing Mills Ltd. 2009 | 2010 | 2011 | 672671802/873849223…...

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