Executive summary
This report will discuss and analyse the several issues regarding financial status of the nine dragons paper holdings limited which is growing at a rate of 120 percent from the last five years and suddenly washed away in the 2009 crisis.
During that period of time the organisation faced rapid change in the business environment. At that Time Company forced to issue profit warning to its shareholders, market conditions were squeezed and heavy burden of debt on the company, return on sales. These are the main key points in the present report.
The burden of debt was the main factors seen by the analysts for the down fall of the NDP. According to the bond traders, investment in the nine dragons was one of the worst deals of 2008, as the existing bond holders suffer huge amount of loss.
The analysts concern about over NDP’s prospects was the impact of declining sales and margin on its ability to service its large debt burden as they look NDP in huge trouble. But Chairlady Mrs. Cheung’s greatness was that she looked Nine Dragon Paper’s present scenario as just a bit fluctuation.
TABLE OF CONTENTS
Executive Summary...................................................................................... 2
1.0 Introduction............................................................................................. 4
2.0 Question 1................................................................................................. 5
3.0 Question 2................................................................................................ .7
Graph 2.1.................................................................................................. .7
Graph 2.2.................................................
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report of the national commission on the causes of the financial and economic crisis in
China Enters The World Trade Organisation China has swiftly turned into a world organizer in trade and will merely develop in significance to the global economy. These particulars are established with China's up to date economic statistics raising more than 9% per year and economists' projections of the nation's upcoming China will double its gross domestic product of the year 2000 in the year 2010. The way the Chinese government attained these remarkable economic statistics are during a restoration of Chinese trade strategies. Alteration measures in the country series from concentrated trade barriers along with technical contracts intended for agriculture, to infrastructure investment strategies and enhanced values for pharmaceutical products. On the other hand, stemming from China's economic development are dilemmas for instance inflation as well as irregular progress of the country. Moreover, after fifteen years of conferences and negotiations, on November 10, 2001 at the World Trade Organisation (WTO) Ministerial Conference in Doha, Qatar, WTO members officially permitted the consent package for the People's Republic of China. China became a full member, the WTO's 143rd, on December 11, 2001. “International economic cooperation has brought about this defining moment in the history of the multilateral trading system,” said Mike Moore, WTO Director-General, at the conclusion of the meeting of the Working Party on China's Accession. “With China's membership, the WTO will take a major step towards becoming a truly world organization. The near-universal acceptance of its rules-based system will serve a pivotal role in underpinning global economic cooperation.” http://www.wto.org/english/news_e/pres01_e/pr243_e.htm To enhan...
China has come to the forefront of the international finance scene following the East Asian financial crisis for two reasons. First, the post reform Chinese economy closely resembles the other East Asian countries. China experienced significant levels of growth led by exports, with a rapid expansion in labor-intensive exports in its early stage of development. Rapid growth was accompanied by a rapid increase in domestic savings and massive inflows of foreign capital (Perkins, 1986). The banking sector dominated financial intermediation and the ratio of non-performing loans was high. Estimates put non-performing loans at China's four leading banks at 25 per cent -- far higher than in South Korea or Thailand before they fell prey to the Asian contagion. Would China be the next victim of the crisis? (Dornbusch, 1997).
The U.S. financial crisis of 2007–2008 is considered one of the worst financial crises since the Great Depression of the 1930s. It almost made large financial institutions collapse and stock markets declined in a dramatic way around the world. The consumer wealth declined in trillions of U.S. dollars and played a significant part in the failure of key businesses and declines in economic activities. All these factors led to the 2007–2008 global recession and played a major role in contributing to the European sovereign-debt crisis.
The political parties continually blame each other in a never-ending cycle, while the state of the economy keeps falling and the national debt keeps rising. Along with that, many functions of the government, such as tax reform and Social Security, have ‘leaks’ in them, where money is being lost. As researchers look into the crisis more and more, they keep finding scary results, such as the predicted debt in 2035 being 185 percent of the country’s (GDP). Despite the work of economists, an economic problem of this seriousness has not ever appeared before. The National Commission on Fiscal Responsibility and Reform worked to create a document that would lead Washington towards a solution, however this article has both advantages and disadvantages in it.
The Statement of financial position is a very useful tool full of information showing the position of an entity. However within this sheet of information lies a lot of limitations and problems. This essay will pinpoint some of the limitations and problems within the balance sheet. These limitations include how the balance sheet does not reflect the true financial position of a business, it does not reflect assets that can’t be measured monetarily and it also has a huge amount of estimated values and not actual verified values so this causes some controversy within the entity and its true position on the market. As well as the problems within the balance sheet there also lies a lot of problems with what’s left out of the balance sheet.
...itten the full word Foreign direct investment and then in the brackets he has put the abbreviation (FDI).
Cabral, R. (2013). A perspective on the symptoms and causes of the financial crisis. Journal of Banking & Finance, 37, 103-117
This report includes financial analysis of retail company ‘’Sainsbury’s’’, one of the biggest retail companies in the United Kingdom .The report examines the financial health of the business and evaluates the business performance by summarising the financial performance and applying financial ratios to further analyse the business’ financial . The financial analysis is displayed by analysing the information gathered from website ‘‘companies’ house’’. All the taken information contains income statements, cash flow statements and balance sheets. By the end of this report, a clear understanding of ‘Sainsbury’s’ financial analysis will be made, so that viable investment decision could be made accurately.
This project displays the evaluation of the financial performance of a publicly traded US Corporation, based on the information that is found. It will include some of the most important financial statistics that that company has on their most recent 10k reports. Once all the financial information of that company has been collected, a conclusion will be drawn based on the finding as well as comparing those stats to the stats of their leading competitors.
The book, "China's Rise: Challenges and Opportunities provides a detailed look into China’s important role in the global arena. China’s growth in the past few decades has made it a economic superpower, however, with this growth, challenges regarding its internal and external policies, military modernizations and energy dependences have risen.
This is a publicly traded company in the US that has been ding quite well in the recent years. The company’s 10k filing for the year 2014. From this statement, the risks facing the company will be identified classified and suggestions made on how best to mitigate them in the subsequent areas. There are various areas that the risks can arise based on the company’s 10k filling (Mertz, 1999).
Hill, C., Wee, C. and Udayasankar, K. 2012.International Business:An Asian Perspective. 8th ed. Singapore: McGraw-Hill.
It is true to say that globalisation is a two-way street. As international business and trade continue to grow, models of organisations and approaches to management are beginning to merge; nevertheless it remains imperative for firms to understand and govern across the myriad of cultural differences which still exist. These differences seem most apparent in China, where managerial values are deeply rooted in archaic and powerful culture. Some authors argue that even with a certain degree of convergence between Chinese and Western cultures, such convergence does have its restrictions.
The current ratio and quick ratios for the year 2003 are at 2.5 and 1.3, which are both higher than the industry average. The company has enough to cover short term bills and expenses. Both the current and quick ratios are showing an upward trend compared to 2001 and 2002. The current assets decreased by $ 20,264 to $ 1,531,181 and the current liabilities also decreased considerably by $255,402 to $616,000, a 29.3% decline, thus making the current ratio jump to a 2.5. The biggest decline was seen is accounts payable which decreased by $170,500 to $230,000, a decline of 42.6 %.