Rajesh Exports was established in 1990 as a partnership firm in the name of M/s Rajesh Exports comprising of 3 partners with the objective of manufacture and export of Gold Jewellery. The firm was reconstituted as a joint stock Company in 1995 and was registered as a Public Limited Company as Rajesh Exports Limited (REL) under part IX of the Companies Act, 1956 with the Registrar of Companies, Karnataka. REL established the first organized gold jewelry manufacturing facility in India in 1990. In the following year, it established India's first research and development (R&D) facility in the jewelry sector. In 1993-94 the Company resorted to a major change in its marketing orientation. The Company had till mid 1993 been exporting its products directly to the retail dealers. Unlike most commodities Gold products cannot be exported generally on sample and approval basis. In the event of any rejection by the importer the jewellery cannot be imported back to India under any circumstances. This gave the overseas retail importers a convenient situation to force their terms on the exporter after the arrival of the consignment. Apart from this the Company was hampered on several other counts such as poor volumes and higher costs of co-ordination in the orders, dispatch and debit collections etc. In order to overcome these problems the Company entered into strategic marketing alliances with certain key wholesalers in UAE, UK, Singapore and USA. Under the alliances the Company exported large consignments of approved designs to be stocked and retailed widely at the respective centers. The Company was thus able to provide a larger variety of its products to its retailers readily. This ensured increased offtake and faster payments. In 1995, the ...
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...%. The EBIT margin and net income dropped in 2009 due to economic recession. But with timely action and conscious decision of board, REL was successfully able to sustain the impact of recession. Perceptions about the gold jewellery are mostly negative due to prominence of money laundering and black money transactions. And with RBI introducing norms on import of gold, the stock prices of Rajesh Exports declined. The RBI norms also have an impact on current year performance. The net income, EBIT margin are in decline till Q3 of the current year. The company plans on making investments to open various retail stores and expand the retail business. So, it would not be a surprise if we see the net profits of the company declining further. Despite fledging stock prices, the company has increased its dividend payout. Earnings per share is low since stock price is declining.
The stock price is currently 103.31, down from a recent high of 121.50. The P/E ratio is declining at 28 and beta at .67, which is expected to grow closer to 1.0. A recent earnings surprise last December yielded a 15% difference from the lower expectations and the latest earnings reports late last month also surprised investors. Estimates for the 2000 fiscal year are being raised by a large majority of analyst who believe that earnings per share will increase and the stock price will reach close to 150.
This paper examines certain key financial ratios for three companies’ which operate in the market of gold. Presented are analyses and comparisons of the companies for the three most recent years, 2004, 2005, 2006. The focal point of the original analysis was Royal Gold. Two other strong companies in the gold market are Newmont Mining and Barrick Gold Corporation.
Foxy Originals’ current success reside in its owners’ experience, fashionable products, pricing strategy, along with its current market presence. However, one of company’s key assets is its capability to produce high-end jewellery while maintaining manufacturing costs at a minimum. By combining high quality along with low prices, Foxy Originals was able to attain market share at an unparalleled rate. Gaining a decent market share equipped the company the brand recognition it required to secure shelf space at 250 boutiques nation-wide. A resilient market presence has transformed into a healthy financial improvement that permits the company to continue its current operations while exploring possible expansion opportunities. Moreover, Foxy Originals owners, Kluger and Orol, are most favourable aspects of the company. Orol’s parents operated a successful metal manufacturing company,
This company has been performing well for many years and this this because of their good business model. Everything that was noticed on the income statement was the good performance of company. Their dividends have increased over time; this was due to increased profits. The earnings growth projections for the next four years have increased five percent.
desired good is the precious metal known as silver and the leading exporters of silver was
Return on sales is decreasing and is below the industry average, but the goods news is that sales and profits have been increasing each year. However, costs of goods are increasing and more inventory is left over each year causing the return on sales to decrease. For 1995, it was 1.7% which is less than the average of 2.44% but is a lot higher than the bottom 25% of companies as seen in exhibit 3, which actually have negative sales return of 0.7%. Return on equity is increasing each year and at a higher rate than industry average. In 1995, it was 20.7%, greater than the average of 18.25% and close to the highest companies in exhibit 3, of 22.1% showing that the return in investment in the company is increasing, which is good for the owner.
The economic factors that affect the Company are instability in credit markets, declining consumer and business confidence, fluctuating commodity prices, and volatile exchange rates (Genuine Parts Co. 2013 Annual Report). GPC’s shares appeared to be reasonably priced. It has a covered dividend with a history of increase and is rising to this day and GPC currently pays an annual dividend of $2.15 per share, which it has increased every year for the past 57 years (Saletta). Also, changes in general economic conditions, for example, unemployment, inflation or deflation, high energy costs, competitive product, service and pricing pressures can affect the company (Genuine Parts Co. 2013 Annual Report). Although Genuine Parts does have some factors t...
Between the years 2011 and 2012, return of equity (net income divided by shareholder’s equity) decreased from 8.13% to -0.48%. Between 2011 and 2012, return of assets (net income divided by total assets) decreased from 2.5% down to 0.12%. Between the years 2012 and 2013, return of equity increased (-0.48% to 2.81%). Shareholders would have been happy with this slight increase. Between 2012 and 2013, return of assets increased from -0.12% to 0.68%. Between 2013 and 2014, return on assets decreases again from 0.68% to -0.24%. Over and over again, the return of investments seems to fluctuate from positive to negative around zero.
The basic earnings per ordinary share in 2016 is RM19.14 and RM14.30 in 2015. This shows that the ordinary share had been increased RM4.84 compare to 2016 based on 2015. In the other hand, this company had declared a first interim single-tier dividend of 10 sen per ordinary share amounting to RM22.88 million in respect of the financial year ended 31 December 2016. They sold their ordinary shares of RM400,000,000 units of RM0.50 per each in 2016 and RM200,000,000 units of RM0.50 per each in 2015 to their shareholders. It is increased from 2015 to 2016 with 200,000,000 units. The other investments that available for sale is RM1000 same as in 2015 and 2016.
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the world’s fifth-largest global destination in the retail space.
Aditya Birla Group is one of the first multinational corporations in India. Its headquarter is located in Mumbai with many others operations in different parts of the world such as in Asia (Thailand, Singapore, Myanmar, Laos, Indonesia, Philippines, China…), Europe (UK, Germany, Hungary, Italy, France, Luxembourg, Switzerland…), America (US, Brazil…). Throughout their growing, Aditya Birla have become well known in many sectors that they get involved in not only in India but also around the world. Back to the earlier day of the corporation, when it first founded, the group has focused on critical sector such as textiles and fibre, aluminum… and become one of the largest participant in those areas. Later on, in the 1960s, the company had expanded their business into cement and chemicals. Also, they expanded their business across the border of India into many other countries. This “revolution” has brought the name of the group into the international business map and become bigger than ever (Aditya Birla Group 2007). Today, ABG is a corporation with the consolidate revenue of 30bil with the affiliates in 45 countries and 60% of their revenue come from internationally and become one of the largest private company in the world (Aditya Birla Nuvo Limited, 2011).
To become leading alloy castings producer in India by providing qualitative products to customers and create value towards
India is a nation that is on the move towards becoming one of the leaders in the global economy. While the country still has a long way to go, it is making significant strides towards competition with nations such as the United States and England. Indian leaders have been moving towards "a five-point agenda that includes improving the investment climate; developing a comprehensive WTO strategy; reforming agriculture, food processing, and small-scale industry; eliminating red tape; and instituting better corporate governance" (Cateora & Graham p. 56, 2007). These steps are geared to begin India's transformation from a third world nation into a global economic leader. The current marketing environment in India is in transition, with both similarities and differences in comparison to the marketing environment in the US.
The gross profit margin is at 27% which is a percent higher than industry standards. The company is performing good and meeting industry standards in terms of cost of goods sold and sales volume. The net income margin decreased to 0.7% in 2003 a decrease of 0.3% compared to 2002.