Cover Page , Executive Summery & Table of content

1. Analysis of Financial Statement
Apex Adelchi Footwear Limited
PREPARED FOR:
IFTEKHARUL ISLAM BHUIYA
LECTURER
COURSE:
CORPORATE FINANCE
WORLD UNIVERSITY OF BANGLADESH
-ASSIGNMENT-
PREPARED BY
MOIN SARKER – 2534
SAIERA KABIR – 2546
MD. SOHEL – 2287
NASRIN SULTANA – 2548
DHM GOLAM DASTAGIR – 2544
CHANDRIMA MAJUMDER- 2543

2. Executive Summary
The project assigned to us was to study the financial ratio of a company in Bangladesh. we decided
to choose one of Bangladesh’s largest companies in a sector that has rapidly grown over the last
few years Through this report, we try and analyze the financial environment in which Apex Group
(A Syed Manjur Elahi Enterprise) is operating. We are working with one of associate company of
apex group called Apex Adelchi Footwear Limited.
Apex Adelchi Footwear Limited is a leading manufacturer and exporter of leather footwear from
Bangladesh to major shoe retailers in Western Europe, North America and Japan. AAFL pioneered
the export of value added finished products in the leather sector of Bangladesh and is also involved
in the local footwear retail business with the second largest shoe retail network in the country.
AAFL has equity, technical and marketing participation from La Nuova Adelchi one of the largest
footwear manufacturers of Italy. The report emphasizes with the analysis of the footwear industry,
company in focus, presenting the mission & vision, the values & product, description of 8
associates companies, finance related issues are discussed in detail along with their results and
possibilities. Along with the report contains my practical observation and experience in Apex
Adelchi Footwear Limited at Head office. The overall performance of AAFL shows a satisfactory
position although they have been suffering last few years. It is gradually expanding its asset base
and able to proper utilize assets. No business stays at the top if it doesn’t maintain its performance.
Thus it is very important to fulfill the demand of the consumers through competitive advantage.
Since their policy is very well-formed we can hope that the growth of the company’s will increase
and this company will bring success for our country in the leather footwear in future.
(II)

3. Table of Contents
SL Content Title Page No.
1. Introduction 01
2. Financial Statement ratio Analysis of Apex Adelchi footwear limited. 04
2.1 Liquidity Ratios 04
2.1.1 Current Ratio 04
2.1.2 Quick Ratios 05
2.2 Asset Management Ratios 06
2.2.1 Inventory Turnover Ratio 07
2.2.2 Days sales outstanding 08
2.2.3 Fixed Asset Turnover Ratio 09
2.2.4 Total Turnover Ratio 10
2.3 Debt Management Ratios 12
2.3.1 Debt Ratio 12
2.3.2 Equity Multiplier 13
2.4 Profitability Ratios 15
2.4.1 Net Profit Margin 15
2.4.2 Return on Total Assets 17
2.4.3 Return on Common Equity 18
2.4.4 Earnings Per Share(EPS) 19
2.5 Market Value Ratios 20
2.5.1 Price Earning (P/E) Ratio 20
2.5.2. Market/Book ( M/B) Ratio 21
3. Conclusion 22
Bibliography 23
Appendix 24