Financial Analysis of Bahrain Mari. & Mer. Inter.Co Assignment

Financial Analysis of Bahrain Mari. & Mer. Inter.Co - Assignment Example Bahrain Mari. & Mer. Inter.Co Company Profile: Bahrain Mari & Mer Inter co. is also known as BMMI in Bahrain stock market. BMMI principal activities are whole selling and retailing of food, beverages and other consumable items. Company also provides services in shipping. BMMI's headquarter is located in the Kingdom of Bahrain, and with international operations spanning three continents, BMMI is a diversified retail and distribution, and contract services and supply group, supported by a world class integrated logistics capability. BMMI is one of the fastest growing companies in the list of the companies which are listed on the Bahrain Stock Exchange. BMMI has an annual turnover in excess of US$ 230 million. Company adopts a costumer focus business approach and follows the international standards and global best practices. BMMI Group now has a presence in seven countries across three continents of the world, and has staff comprising people of 30 different nationalities. BMMI operates core business area. The group has owns and operates a chain of Supermarkets in Bahrain, which enjoy a reputation for delivering fast and offering fresh, quality products. BMMI also provide the some other services like remote site and facilities management, contract supply, packed meals and beverage distribution. Financial Analysis of Bahrain Mari. & Mer. Inter.Co. Note: All Accounts' figures have been form BMMI financial statements of three years. Profitability Ratios Liquidity and leverage Ratios: Year 2011 2009 2008 Equity attributable to shareholders' to total assets (%) 78.02 77.27 64.59 Total liabilities to total Equity attributable to shareholders' (times) 0.28 0.29 0.54 Current ratio (times) 3.03 2.80 1.72 Quick ratio (time) 2.32 2.04 1.03 Financial performance: Note: All Accounts' figures have been form BMMI financial statements of three years. It is clear that the recent financial performance of BMMI Co has been good. Total sales revenues are strong at BD 84.8 million despi te a slight decrease compared to BD 87.2 million in 2009. However, According to financial statements of the company the net profit of BD 9.2 million was the fourth highest in the Group’s history, while shareholders’ funds increased to BD 48 million, up seven per cent over 2009. There are also several positive signs. BMMI Co. has not made losses in any of the last three years. There is an impressive increase in liquidity position, with cash and short-term deposits increasing to BD 12.9 million from BD 12 million in 2009. On the side the value of total assets also increased 5.9%. Financial Position: According to the financial statements of the company total operating profit is increased to BD 8.9 million from BD 8.7 million which is the indication of lower selling and distribution expenses. Total assets also increased from BD 57.8 million in 2009 to BD 61.2 million in 2010, due to increases in property, plant and equipment and trade receivables. Earning per share has als o increase .079 to .080. On the other side he underlying net profit and revenue strength of businesses must be highlighted, but this factor can not effect on the company's performance because company strongly capitalized, highly liquid, unleveraged and conservative towards investments. It is clear that with the presence of recessionary pressures from suppliers and customers BMMI has successfully increased its Gross profit margin to 26 per cent. It is the symbol that the company is focusing on primary functions in efficient manner. Investment portfolio can be seen in healthy position but on the other side some devaluation of investments and provision against losses can be seen in BMMI statements. According to BMMI's chairman this is due to the impairments against some losses and further improvement is expected in 2011 as markets continue to recover. Shareholder wealth: Shareholders’ funds increased to BD 48 million, up seven per cent over 2009. This clearly states that BMMI Co has been increasing the

Political Science Essay Example | Topics and Well Written Essays - 1250 words - 7

Political Science - Essay Example Illegal immigrants areundocumented immigrantsor aliens in the United States who enter the borders of United States without government permission or those who stay beyond the termination date of a visa. There are different causes of illegal migration ranging from economic incentives of a better life, chain immigration to join relatives, American government inefficiency, and globalization to trade agreements. Illegal migration however has such benefits as availability of cheap labor and payment of taxes by the immigrants. Racial profiling refers to government activity directed at a suspect or group of suspects because of their race, whether intentional or because of the disproportionate numbers of contacts based upon other pre-textual reasons. This is common in America especially when it comes to people from the Middle East but it should be in tandem with the Fourth Amendment. Rawls would have condemned Middle East profiling and the outlawing of illegal migration based on his write-ups.In his ‘A Theory of Justice’ (1971) he made contributions to liberal political philosophy namely: justice as fairness; reflective equilibrium; overlapping consensus; public reason; veil of ignorance; and original position. Rawlsianism provides for the most reasonable principles of justice as those which everyone would accept and agree to from a fair position. Justice as fairness comprises two main principles of Liberty and Equality with the second divided into Fair Equality of Opportunities and the Difference Principle in the order of priority. The Liberty Principle provides for entitlement of everyone to basic liberties while the Equality Principle establishes distributive justice. Fair Equality of Opportunity provides for access to positions to everyone regardless of their social background, ethnicity or sex. The Difference Principle regulates inequalities by permitting them to the advantage of the worst-off (Cohen and Fermon