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Performance Evaluation & Forecasting for the Future Performance of Transcom Electronics Limited

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Performance Evaluation & Forecasting for the Future Performance of Transcom Electronics Limited J .J :.] ) =:J Performance Evaluation & Forecasting for The Future Performance Of Transcom Electronics Limited ... Internship Report r On Performance Evaluation & Forecasting for The Future Performance Of Transcom Electronics Limited Submitted to: Ms. Farzana Choudhury Assistant Director Carrier Placement program Institute of Business Administration BRAC University Submitted by: Sazedullslam ID# 01204028 MOB Department BBA Program r Date of submission 31 st Auagust, 2006 BRAe University Letter of Transmittal August 31",2005 Ms. Farzana Choudhury Assistant Director Carrier Placement program Institute of Business Administration BRAC University Subject: Submission of Internship Report r r I am very happy to submit my Internship Report assigned to me at the completion of my BBA curriculum. While working on the report, I have tried to follow each and every guideline that you had advised. It has been a very enlightening experience to work on this project and I have thoroughly enjoyed my internship period at Transcom Electronics Limited. The authority of Transcom Electronics Limited has also extended their cooperation as and when required. I hope you will accept my report and kindly oblige. S~ Sazedul Islam ID # 01204028 Bachelor in Business Administration (BBA) Contact: 0189-464611, 7115733 r BRAC l;NI\'UI$rTY ¥ Acknowledgement This internship report would not be completed without the help and cooperatiorf of the following people. First of all I would like to thank honorable faculty member and my internship advisor Ms. Farzana Choudhury , Assistant Director, Carrier Placement program for giving me the permission to work on this topic. My special appreciation and sincere gratitude goes to her for the clear guidelines given, which was very help for me to understand and prepare the structure of the paper. Next, I would like to thank Transcom Electronics Limited authority for their cooperation in doing this project. I would specially like to thank my internship co-coordinator for the organization Mohammad Nazmul Kabir, Manager of Accounts & Finance Department for his necessary support and cooperation. I gratefully acknowledge the valuable time that Mr. Nazmul Kabir has spared for me. Finally, I would like to thank all my colleagues of TEL Finance & Accounts department who gave me necessary help, support and information to complete this report successfully . .., BRAe l'NIVERSllY ~ TABLE OF CONTENTS Page No. Executive Summery of the Report [ PART- A. THE ORGANIZATION 1.0. Introducing the Company 1 1.1 The Company 1 1.2 Transcom Today 1 1.3 Transcom Electronics Limited 1 1 . 3 . 1 Transtec 2 1 . 3.2 Changhong 2 1.4 Bangladesh Electrical Industries Ltd, 2 1.5 Bangladesh Lamps Limited 2 1.6 Transcom Distribution Co. Ltd 2 1.7 Transcom Beverages Limited 3 1 . 7 . 1 Beverage distribution Limited 3 1.8 Incandescent Gis Group 3 1.9 High Intensity Discharges & Halogen Lamps 3 1 . 9 . 1 HID Lamps (Blended, Ballasted & Blended Mercury MI . ) 3 1 . 9 . 2 High Pressure sodium Lamps (Son & So n- T) 4 1.9 . 3 Metal Halide Lamps (HPI- T & HPI- BU) 4 1 . 9 . 4 Low Voltage Halogen Reflector Lamps 4 1.10 Compact Fluorescent Lamps & Energy Savers 4 1 . 10 . 1 Ecotone Crystal 4 1 . 10.2 Ecotone Decor 4 1 . 10 . 3 Ecotone Ambiance 4 1.11 Fluorescent Tube Lights, Starter, Ballasts & Luminous 4 1 . 11 . 1 Tublar Fluorescent Lamps (Tube lights) 4 1 . 11 . 2 Starter 5 1 . 11. 3 Ballast (Conventional & Electronic) 5 1 . 11 . 4 Luminaries 5 1.12 Transfin Trading Ltd~ 5 1.13 Trinco Limited 5 1.14 Tea Holdings Ltd. 5 1.15 Mediastar Ltd. 5 1.16 Mediaworld Ltd. 6 1.17 Eskayef (SK+F) Bangladesh Limited 6 1.18 Pizza Hut 6 2.0 Organization Structure of Transcom 7 2.1 Operation Network Organogram 7 3.0 Vision for the future 9 r BRAe UNIVERSITY ¥ I PART-B. ABOUT THE lOB Page No 4.0 Job description 10 4.1. Description / nature of the job/s 10 4.2. Specific responsibilities of the job 10 4.3. Different aspects of job performance 11 ... I PART-C. PROJECT 5.0 Executive Summery of the Project 12 6.0 Introduction to the Project 13 '"' 6.1 Background of the Study 13 6.2 Scope of the Study 13 7.0 Description of the project 14 7.1 Problem s ta tement 14 7.2 Broad Objective 14 7.3 Specific Task 14 7.4 Method ology 15 7.5 Limitation 15 8.0 Financial Analysis 16 8.1 Separating Causes and Symptoms of Problems 17 8.2 Kinds of Ra ti os 18 8.3 Liquidity ratio 19 8 . 3 . 1 Current Ratio 19 8 . 3 . 2 Quic k Ratio or Acid Test 21 8 . 3 . 3 Receivab l es Ratios 23 8 . 3 . 4 I n ventory Turnover 27 8 . 3 . 5 Summary of liquidi ty ratio 30 8.4 Pro fit ability Ratios 31 8 . 4 . 1 Profit Margin 33 8 . 4. 2 Gross Profit Margin 36 8 . 4 . 3 Fi x ed assets turnover 38 8 . 4 . 4 Total Asset Tur n o ver 39 8 . 4 . 5 Retur n on Investment 41 8 . 4 . 6 Return on Equity 44 8.4 . 7 Return on Assets 46 8 . 4 . 8 Summar y of Profitability Ratio 48 8.5 Tests of solvency and equity pos ition 49 8 . 5 . 1 Debt management ratio : 49 8 . 5 . 2 Times i n terest Earned 51 8 . 5 . 3 Summary Tests of solvency and equity position 53 r. .... Page No 9.0 Forecast Their Future Performance 54 9.1 Forecasted current ratio 54 9.2 Forecasted Quick Ratio 55 9.3 Forecasted Average Collection period 56 9.4 Forecasted Inventory turnover 57 r. 9.5 Forecasted Profit Margin 58 9.6 Forecasted Total assets Turnover 59 9.7 Forecasted Return on Investment 60 9.8 Forecasted Return on Equity 61 9.9 Forecasted Debt Management Ratio 62 10.0 Conclusion & Recommendations 63 Appendix URAC l'WIVERSrtY ~ LIST OF FIGURES Page No. Fig-I Current Ratio 20 Fig-2 Quick Ratio or Acid Test 22 Fig-3 Receivables Turnover 25 Fig-4 Average Collection Period 26 Fig-5 Inventory Turnover 29 Fig-6 Profit Margin 35 Fig-7 Gross Profit Margin 37 Fig-8 Fixed assets turnover 38 Fig-9 Total Asset Turnover 40 Fig-IO Return on Investment 43 Fig-ll Return on Equity 45 Fig-12 Return on Assets 47 Fig-13 Debt management ratio: 50 Fig-14 Times interest Earned 52 Fig-15 Forecasted current ratio 54 Fig-16 Forecasted Quick Ratio 55 Fig-17 Forecasted Average Collection period 56 Fig-18 Forecasted Inventory turnover 57 Fig-19 Forecasted Profit Margin 58 Fig-20 Forecasted Total assets Turnover 59 Fig-21 Forecasted Return on Investment 60 Fig-22 Forecasted Return on Equity 61 Fig-23 Forecasted Debt Management Ratio 62 LIST OF CHART Page No Chart-l Organogram of Transcom Electronics Limited 7 Chart-2 Structure of Finance and Accounting department 8 Chart-3 Summary of liquidity ratio 30 Chart-4 Factors affecting profit and interrelation of profitability ratio 32 Chart-5 Dupont chart 42 Chart-6 Summary of Profitability Ratio 48 Chart-7 Summary Tests of solvency and equity position 53 .- BRAe I I MVrll~l1V ~ Executive Summery of the Report The internship program is a requirement to get BBA degree. As part of my internship program [ was assigned to complete my organizational attachment at Transcom Electronics Ltd. [ am posted under the Department of Finance and Accounts. This company had originated with tea plantation in 1885; today it is one of the leading and fastest growing diversified business houses in Bangladesh employing over 5000 people. Not many industrial groups in Bangladesh can claim a history of continuous business pursuits stretching back over 100 years. Initially tea and jute formed the backbone of the family business. Although these are still part ofthe activities, they contribute marginally to the overall group turnover. These early industrial ventures have moved over to businesses involved in high-tech manufacturing, international trading and distribution, forming strong ties with a host of blue chip multinational companies. In recent years Transcom has emerged as an increasingly significant media house in Bangladesh. The Department of Finance and Accounts deals with the banks, dealers' channels and other parties for payments their bills and collects receivable and also prepared annual budget, balance sheet, income statement and cash flow statement. My primary job in this department is to cooperating finance and accounts team. My responsibility was to cooperate the Financial and Accounting team. The team needs some analysis of bank reconciliation and preparation of bankbook, which [ give them whenever they need. Doing such job there is an opportunity to learn how the office work gets done. Time management is a very crucial factor to manage. [ am doing project on the financial performances of the Transcom Electronics limited. For the project, I have to do the financial evaluation of the last five years (2000-2004) Balance Sheet and forecasting their future performance. BRAe U""VEltSl n' ~ A. THE ORGANIZATION 1.0. Introducing the Company 1.1 The Company Originated with tea plantation in 1885 is today, one of the leading and fastest growing diversified business houses in Bangladesh employing over 5000 people. Not many industrial groups in Bangladesh can claim a history of continuous business pursuits stretching back over 100 years. Initially tea and jute formed the backbone of the family business. Although these are still part of the activities, they contribute marginally to the overall group turnover 1.2 Transcom Today These early industrial ventures have moved over to businesses involved in high-tech manufacturing, international trading and distribution, forming strong ties with a host of blue chip multinational companies.
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