This document provides a financial analysis of Infosys, an Indian information technology company, comparing its performance to competitors Wipro and Fidelity National Information Services. It includes the company's profile, key financial highlights for 2015, and an analysis of various financial ratios from 2015 to 2013. The analysis finds that Infosys has higher current, quick, and net profit ratios compared to competitors, indicating greater liquidity and profitability. Its return on equity and assets are also strong, though Wipro shows more consistency in return on assets. Overall, the document evaluates Infosys' financial strength and efficiency at converting revenues to profits favorably against other major IT firms.
Este documento descreve o que é uma Casa Espírita no Espiritismo Kardecista, suas principais funções como Templo, Lar, Escola e Oficina, o que se encontra em uma Casa Espírita bem orientada como o estudo, atendimentos e desenvolvimento da mediunidade, e os recursos disponíveis como o passe, água fluidificada e oração.
Haiku Deck is a presentation tool that allows users to create Haiku style slideshows. The tool encourages users to get started making their own Haiku Deck presentations which can be shared on SlideShare. In just a few sentences, it pitches the idea of using Haiku Deck to easily create visual presentations.
Santiago engages in an epic hand-wrestling match with a Negro man from Cienfuegos that lasts over a day. Santiago is able to defeat his opponent after displaying tremendous will and determination. Santiago catches a huge marlin fish by letting it tire itself out by circling his boat, before finally harpooning it after several attempts. He then must fight off shovel-nosed sharks attacking his catch, stabbing and punching them even as he grows exhausted, in order to save some of the fish. Manolin, a young boy who had been Santiago's fishing apprentice, feels sad for the old man and continues to help and support him despite his parents insisting he change boats, showing his compassion
Este documento descreve um projeto interdisciplinar que criou um blog chamado "Trabalho Seguro" para discutir normas regulamentadoras de segurança e medicina do trabalho. O blog tem como objetivo principal demonstrar a importância das normas regulamentadoras e trocar experiências sobre sua aplicação. Sete estudantes participam do blog sob a orientação de um professor.
The document promotes the Get Ready 4 Kindergarten (GR4K) program, an online preschool program that provides parents with fun activities to help children ages 3-6 prepare for kindergarten. The activities focus on language-based learning in reading, math, science, art and cooking. For $10/month or $100/year, parents get monthly lesson plans and materials to work on skills like vocabulary, numbers, letters with their child. The goal is to help children enter kindergarten confident and eager to learn.
Este documento resume los resultados de la jornada 10 de la liga de fútbol masculino CTO.BENJAMIN FUTBOL-8 S. Incluye los resultados de los 7 partidos jugados y la tabla de posiciones con los puntos, partidos jugados, ganados, empatados y perdidos de cada equipo. El F.B. ALFARA DEL PATRIARCA "A" lidera la tabla con 30 puntos, 10 victorias y 103 goles a favor.
Wasim Javeed is an experienced Advertising & Production Manager with over 20 years of experience in sales, technical designing, offset & digital printing for exhibitions. He has worked at several companies in roles such as Sales Executive, Visualizer, and Designer. Javeed has a Bachelor's degree in Arts and a diploma in Graphics. He is proficient in software like MS Office, Adobe Illustrator, InDesign, and Photoshop. Javeed aims to progress his career in technical designing and seeks a company that offers competitive pay, growth opportunities, and an exciting work environment.
Este documento descreve o que é uma Casa Espírita no Espiritismo Kardecista, suas principais funções como Templo, Lar, Escola e Oficina, o que se encontra em uma Casa Espírita bem orientada como o estudo, atendimentos e desenvolvimento da mediunidade, e os recursos disponíveis como o passe, água fluidificada e oração.
Haiku Deck is a presentation tool that allows users to create Haiku style slideshows. The tool encourages users to get started making their own Haiku Deck presentations which can be shared on SlideShare. In just a few sentences, it pitches the idea of using Haiku Deck to easily create visual presentations.
Santiago engages in an epic hand-wrestling match with a Negro man from Cienfuegos that lasts over a day. Santiago is able to defeat his opponent after displaying tremendous will and determination. Santiago catches a huge marlin fish by letting it tire itself out by circling his boat, before finally harpooning it after several attempts. He then must fight off shovel-nosed sharks attacking his catch, stabbing and punching them even as he grows exhausted, in order to save some of the fish. Manolin, a young boy who had been Santiago's fishing apprentice, feels sad for the old man and continues to help and support him despite his parents insisting he change boats, showing his compassion
Este documento descreve um projeto interdisciplinar que criou um blog chamado "Trabalho Seguro" para discutir normas regulamentadoras de segurança e medicina do trabalho. O blog tem como objetivo principal demonstrar a importância das normas regulamentadoras e trocar experiências sobre sua aplicação. Sete estudantes participam do blog sob a orientação de um professor.
The document promotes the Get Ready 4 Kindergarten (GR4K) program, an online preschool program that provides parents with fun activities to help children ages 3-6 prepare for kindergarten. The activities focus on language-based learning in reading, math, science, art and cooking. For $10/month or $100/year, parents get monthly lesson plans and materials to work on skills like vocabulary, numbers, letters with their child. The goal is to help children enter kindergarten confident and eager to learn.
Este documento resume los resultados de la jornada 10 de la liga de fútbol masculino CTO.BENJAMIN FUTBOL-8 S. Incluye los resultados de los 7 partidos jugados y la tabla de posiciones con los puntos, partidos jugados, ganados, empatados y perdidos de cada equipo. El F.B. ALFARA DEL PATRIARCA "A" lidera la tabla con 30 puntos, 10 victorias y 103 goles a favor.
Wasim Javeed is an experienced Advertising & Production Manager with over 20 years of experience in sales, technical designing, offset & digital printing for exhibitions. He has worked at several companies in roles such as Sales Executive, Visualizer, and Designer. Javeed has a Bachelor's degree in Arts and a diploma in Graphics. He is proficient in software like MS Office, Adobe Illustrator, InDesign, and Photoshop. Javeed aims to progress his career in technical designing and seeks a company that offers competitive pay, growth opportunities, and an exciting work environment.
StoneCross Capital has become the first US-based asset management company to create Shari'ah-compliant insurance-linked longevity products. It has developed a platform that enables investors to couple existing or new Shari'ah-compliant assets with longevity assets to diversify their holdings in accordance with Islamic legal guidelines. StoneCross believes this platform provides an alternative investment that is not correlated to other asset classes and can help lower volatility and recover losses. It is seeking to educate the US market about expanding Islamic finance beyond existing mortgages and loans.
The first lab introduces MATLAB for signal analysis. It covers entering matrices, basic matrix operations, plotting signals, and saving and loading variables. Complex numbers and variables are also introduced. Plotting commands allow visualizing signals in both the time and frequency domains. Key MATLAB functions taught include plot, xlabel, ylabel, size, length, clear, save, and load.
O documento descreve o percurso profissional do autor. Ele começou trabalhando como servente aos 17 anos e depois trabalhou em várias áreas como pintura, pedreiro, escritório e serralheiro de alumínios. Ao longo de sua carreira, ele aprendeu muito em diferentes áreas e como ser uma melhor pessoa.
Slides from a webinar delivered by Martin Christopher and Steve Keifer on the topic of Customer-Centric Supply Chains. Provides an overview of a 2010 study on the challenges manufacturers face with the diverse range of requests their customers place upon them for customized supply chain processes and technology.
This document provides an overview of different types of documentary credits used in international trade. It defines a documentary credit as a conditional payment guarantee from an importer's bank to an exporter. There are several types of credits described, including standby credits, transferable credits, deferred payment credits, revolving credits, back-to-back credits, red clause credits, green clause credits, transit credits, and omnibus credits. Each type has distinct features regarding payment terms, collateral requirements, parties involved, and applicable regulations.
Naveed Bin Ifteqar is seeking a challenging position that utilizes his experience in software technologies and languages. He has worked as a French and German consultant and data analyst. His skills include SAP SD, CRM, ERP, Java, and he is fluent in English, Hindi, Urdu, French, German and Spanish. He has an MBA in marketing and finance and a bachelor's degree in computer science, and he has completed several SAP B1 projects involving data transfer, report generation, and system implementation for clients.
Este documento resume las características y ventajas y desventajas de varias herramientas de almacenamiento y compartición de archivos en la nube como Dropbox, Google Drive, YouTube, GeoGebra y otros. Dropbox permite almacenar y sincronizar archivos de forma automática entre dispositivos, mientras que Google Drive facilita la creación y compartición de presentaciones en línea. YouTube es un sitio popular para subir y ver videos de forma gratuita aunque con algunas limitaciones, y GeoGebra es un programa educativo para crear y compartir contenido matemático.
EduKit is a social enterprise that helps schools identify high-quality local programs to address students' personal development needs and improve attainment levels. It maintains a database of over 500 programs in London and matches individual students to programs based on their interests, needs, and goals. EduKit then tracks student results to help schools with self-evaluations and inspections.
The document discusses feedback received at various stages of creating a music video project. Key points:
- Early feedback on a treatment suggested being more organized and specific in future presentations.
- Rough cut feedback was mostly positive about camera work, locations, and performances, but one scene was deemed not a good fit. Minor lip syncing issues were also noted.
- Final video received praise for dancing, editing, photography, locations conveying the song's message.
- Ideas for album packaging and advertising were well received except for one font suggestion. Further feedback helped refine the work in progress prints.
- Final print product using simple layout and inspiration from another artist received positive comments on effects, outfit,
Obsidian Creations is a marketing and launch company that specializes in helping companies manage their communications channels and data. They offer services such as brand building, design, events, and project management to address challenges clients face around responding to data and producing returns on investments. Their specialists tailor services to each client's individual needs in a cost-effective manner.
El documento presenta un mapa conceptual sobre la selección y evaluación de herramientas tecnológicas para la enseñanza y el aprendizaje. Explica el modelo SAMR de Puentedura, el cual propone que la tecnología puede sustituir elementos preexistentes sin cambios metodológicos o mejorar las situaciones de aprendizaje a través de nuevos ambientes y actividades que mejoran la calidad educativa.
1. Dokumen memberikan penjelasan tentang penggunaan action stop(), gotoAndStop(), play(), dan loadMovieNum() untuk mengendalikan movie di Flash. Langkah-langkah untuk menggunakan masing-masing action dijelaskan dengan contoh kode.
2. Action stop() dan gotoAndStop() digunakan untuk menghentikan movie, sedangkan play() digunakan untuk memainkan kembali movie yang dihentikan. loadMovieNum() digunakan untuk memuat movie eksternal dan unLoadMovieNum() unt
Arrow Coated Products: Q4FY15 net profit up 161.19% y/y; 'Buy' says FirstcallIndiaNotes.com
The document provides an analysis of Arrow Coated Products Ltd for the quarter and fiscal year ending March 2015. Key highlights include net profit jumping 161% in Q4 FY15 compared to the same period last year. Sales increased 4% in Q4. EPS for the quarter was Rs. 0.97 compared to Rs. 0.37 last year. The company is expected to see 28% sales and 50% profit CAGR from 2014-2017. The document recommends buying the stock with a target price of Rs. 530.
This presentation discusses General Shopping Brasil's portfolio, growth strategy, and recent greenfield projects. It provides an overview of General Shopping's diversified growth approach through acquisitions, expansions, and developing new shopping centers. Recent greenfield projects highlighted include the Parque Shopping Maia, Outlet Premium Salvador, and Parque Shopping Sulacap centers. Financial and operating details are presented for these recent additions to General Shopping's portfolio of retail properties in Brazil.
This presentation provides an overview of General Shopping's business and the retail sector in Brazil. It discusses economic indicators, retail performance, and credit trends that are positively impacting consumer spending. The presentation then summarizes General Shopping's portfolio of shopping centers across Brazil, outlining its diversified growth strategy of acquisitions, greenfield developments, and expansions. Specific upcoming greenfield projects in Maia and Salvador are highlighted.
The monthly performance report for ERIC's diversified program in September 2014 showed a pre-tax return of 0.3% for the month. The program utilizes quantitative algorithms to generate trading signals across commodities, equities, and currencies. Since inception in July 2013, the annualized pre-tax return is 40.1%. The management team is led by Sameer Gunjal, who has 8 years of experience in capital markets.
Buy Britannia Industries for a target of Rs1110 - Prabhudas LilladherIndiaNotes.com
BRIT plans to undertake 1) faster and bigger innovations 2) aggressive cost reduction 3) distribution expansion and 4) provision of delightful and affordable consumer experience Maintain ‘BUY’ with a target of Rs1,110
The document discusses General Shopping Brasil's diversified growth strategy through acquisitions, greenfield developments, expansions, and turnarounds. It has grown its total GLA from 88,962 sqm in 2006 to 463,249 sqm currently through this strategy. Recent greenfield projects include Parque Shopping Maia, Outlet Premium Salvador, and Parque Shopping Sulacap. The presentation provides details on these projects such as location, stake percentage, total GLA, and opening dates.
This document contains the 3Q13 earnings results presentation for General Shopping Brasil. It provides an overview of the Brazilian retail sector performance, economic indicators, and credit trends. It then reviews the company's portfolio, growth strategy, recent acquisitions of Shopping Bonsucesso and a stake in the Parque Shopping Maia greenfield project, and the upcoming opening of the Outlet Premium Salvador in October 2013.
Hindustan Unilever Limited (HUL) is the largest fast moving consumer goods (FMCG) company in India. It has a presence in over 20 consumer product categories through brands like Lux, Lifebuoy, and Surf Excel. The document analyzes HUL's revenues and profits over 12 years using various forecasting methods like time series analysis, linear and exponential modeling to predict future trends. Different analysis techniques like PivotTables, histograms and correlation are applied to HUL product sales data to gain insights.
StoneCross Capital has become the first US-based asset management company to create Shari'ah-compliant insurance-linked longevity products. It has developed a platform that enables investors to couple existing or new Shari'ah-compliant assets with longevity assets to diversify their holdings in accordance with Islamic legal guidelines. StoneCross believes this platform provides an alternative investment that is not correlated to other asset classes and can help lower volatility and recover losses. It is seeking to educate the US market about expanding Islamic finance beyond existing mortgages and loans.
The first lab introduces MATLAB for signal analysis. It covers entering matrices, basic matrix operations, plotting signals, and saving and loading variables. Complex numbers and variables are also introduced. Plotting commands allow visualizing signals in both the time and frequency domains. Key MATLAB functions taught include plot, xlabel, ylabel, size, length, clear, save, and load.
O documento descreve o percurso profissional do autor. Ele começou trabalhando como servente aos 17 anos e depois trabalhou em várias áreas como pintura, pedreiro, escritório e serralheiro de alumínios. Ao longo de sua carreira, ele aprendeu muito em diferentes áreas e como ser uma melhor pessoa.
Slides from a webinar delivered by Martin Christopher and Steve Keifer on the topic of Customer-Centric Supply Chains. Provides an overview of a 2010 study on the challenges manufacturers face with the diverse range of requests their customers place upon them for customized supply chain processes and technology.
This document provides an overview of different types of documentary credits used in international trade. It defines a documentary credit as a conditional payment guarantee from an importer's bank to an exporter. There are several types of credits described, including standby credits, transferable credits, deferred payment credits, revolving credits, back-to-back credits, red clause credits, green clause credits, transit credits, and omnibus credits. Each type has distinct features regarding payment terms, collateral requirements, parties involved, and applicable regulations.
Naveed Bin Ifteqar is seeking a challenging position that utilizes his experience in software technologies and languages. He has worked as a French and German consultant and data analyst. His skills include SAP SD, CRM, ERP, Java, and he is fluent in English, Hindi, Urdu, French, German and Spanish. He has an MBA in marketing and finance and a bachelor's degree in computer science, and he has completed several SAP B1 projects involving data transfer, report generation, and system implementation for clients.
Este documento resume las características y ventajas y desventajas de varias herramientas de almacenamiento y compartición de archivos en la nube como Dropbox, Google Drive, YouTube, GeoGebra y otros. Dropbox permite almacenar y sincronizar archivos de forma automática entre dispositivos, mientras que Google Drive facilita la creación y compartición de presentaciones en línea. YouTube es un sitio popular para subir y ver videos de forma gratuita aunque con algunas limitaciones, y GeoGebra es un programa educativo para crear y compartir contenido matemático.
EduKit is a social enterprise that helps schools identify high-quality local programs to address students' personal development needs and improve attainment levels. It maintains a database of over 500 programs in London and matches individual students to programs based on their interests, needs, and goals. EduKit then tracks student results to help schools with self-evaluations and inspections.
The document discusses feedback received at various stages of creating a music video project. Key points:
- Early feedback on a treatment suggested being more organized and specific in future presentations.
- Rough cut feedback was mostly positive about camera work, locations, and performances, but one scene was deemed not a good fit. Minor lip syncing issues were also noted.
- Final video received praise for dancing, editing, photography, locations conveying the song's message.
- Ideas for album packaging and advertising were well received except for one font suggestion. Further feedback helped refine the work in progress prints.
- Final print product using simple layout and inspiration from another artist received positive comments on effects, outfit,
Obsidian Creations is a marketing and launch company that specializes in helping companies manage their communications channels and data. They offer services such as brand building, design, events, and project management to address challenges clients face around responding to data and producing returns on investments. Their specialists tailor services to each client's individual needs in a cost-effective manner.
El documento presenta un mapa conceptual sobre la selección y evaluación de herramientas tecnológicas para la enseñanza y el aprendizaje. Explica el modelo SAMR de Puentedura, el cual propone que la tecnología puede sustituir elementos preexistentes sin cambios metodológicos o mejorar las situaciones de aprendizaje a través de nuevos ambientes y actividades que mejoran la calidad educativa.
1. Dokumen memberikan penjelasan tentang penggunaan action stop(), gotoAndStop(), play(), dan loadMovieNum() untuk mengendalikan movie di Flash. Langkah-langkah untuk menggunakan masing-masing action dijelaskan dengan contoh kode.
2. Action stop() dan gotoAndStop() digunakan untuk menghentikan movie, sedangkan play() digunakan untuk memainkan kembali movie yang dihentikan. loadMovieNum() digunakan untuk memuat movie eksternal dan unLoadMovieNum() unt
Arrow Coated Products: Q4FY15 net profit up 161.19% y/y; 'Buy' says FirstcallIndiaNotes.com
The document provides an analysis of Arrow Coated Products Ltd for the quarter and fiscal year ending March 2015. Key highlights include net profit jumping 161% in Q4 FY15 compared to the same period last year. Sales increased 4% in Q4. EPS for the quarter was Rs. 0.97 compared to Rs. 0.37 last year. The company is expected to see 28% sales and 50% profit CAGR from 2014-2017. The document recommends buying the stock with a target price of Rs. 530.
This presentation discusses General Shopping Brasil's portfolio, growth strategy, and recent greenfield projects. It provides an overview of General Shopping's diversified growth approach through acquisitions, expansions, and developing new shopping centers. Recent greenfield projects highlighted include the Parque Shopping Maia, Outlet Premium Salvador, and Parque Shopping Sulacap centers. Financial and operating details are presented for these recent additions to General Shopping's portfolio of retail properties in Brazil.
This presentation provides an overview of General Shopping's business and the retail sector in Brazil. It discusses economic indicators, retail performance, and credit trends that are positively impacting consumer spending. The presentation then summarizes General Shopping's portfolio of shopping centers across Brazil, outlining its diversified growth strategy of acquisitions, greenfield developments, and expansions. Specific upcoming greenfield projects in Maia and Salvador are highlighted.
The monthly performance report for ERIC's diversified program in September 2014 showed a pre-tax return of 0.3% for the month. The program utilizes quantitative algorithms to generate trading signals across commodities, equities, and currencies. Since inception in July 2013, the annualized pre-tax return is 40.1%. The management team is led by Sameer Gunjal, who has 8 years of experience in capital markets.
Buy Britannia Industries for a target of Rs1110 - Prabhudas LilladherIndiaNotes.com
BRIT plans to undertake 1) faster and bigger innovations 2) aggressive cost reduction 3) distribution expansion and 4) provision of delightful and affordable consumer experience Maintain ‘BUY’ with a target of Rs1,110
The document discusses General Shopping Brasil's diversified growth strategy through acquisitions, greenfield developments, expansions, and turnarounds. It has grown its total GLA from 88,962 sqm in 2006 to 463,249 sqm currently through this strategy. Recent greenfield projects include Parque Shopping Maia, Outlet Premium Salvador, and Parque Shopping Sulacap. The presentation provides details on these projects such as location, stake percentage, total GLA, and opening dates.
This document contains the 3Q13 earnings results presentation for General Shopping Brasil. It provides an overview of the Brazilian retail sector performance, economic indicators, and credit trends. It then reviews the company's portfolio, growth strategy, recent acquisitions of Shopping Bonsucesso and a stake in the Parque Shopping Maia greenfield project, and the upcoming opening of the Outlet Premium Salvador in October 2013.
Hindustan Unilever Limited (HUL) is the largest fast moving consumer goods (FMCG) company in India. It has a presence in over 20 consumer product categories through brands like Lux, Lifebuoy, and Surf Excel. The document analyzes HUL's revenues and profits over 12 years using various forecasting methods like time series analysis, linear and exponential modeling to predict future trends. Different analysis techniques like PivotTables, histograms and correlation are applied to HUL product sales data to gain insights.
This document provides data on Mongolia's official development assistance from 2002-2014. It includes 14 pictures showing trends in total net ODA as a percentage of GNI and per capita, sources of funding by donor country, sectors funded, and progress toward achieving Millennium Development Goals. Key points include ODA increasing to over 10% of GNI in recent years, top donors being Japan, US, and Germany, and sectors funded including economic infrastructure, education, and health.
This presentation discusses General Shopping Brasil's portfolio and growth strategy. It contains 3 shopping centers:
1) Parque Shopping Maia greenfield project, a 63.5% stake in a 30,492 sqm neighborhood shopping center located in Maiona, serving a population of 737,000 within 5km.
2) Outlet Premium Salvador greenfield project, a 50% stake in a 14,964 sqm outlet mall opened in October 2013 serving the Salvador region.
3) Parque Shopping Sulacap greenfield project, a 51% stake in a 29,059 sqm neighborhood shopping center in Rio de Janeiro opened in October 2013, the company's first project in Rio
This presentation provides an overview of General Shopping Brasil's 1Q14 earnings results. It includes forward-looking statements about future performance that are subject to risks and uncertainties. The material is published for informational purposes only and not as investment advice. It also includes disclaimers that General Shopping Brasil accepts no liability for any losses arising from use of the information and recommends consulting advisors. The presentation then provides an agenda and moves into sections on the retail sector overview and General Shopping Brasil's financial performance.
Voltas Visit Update: Muted near-term outlook - Prabhudas LilladherIndiaNotes.com
We met the management of Voltas. The key takeaways from the meet are 1) Management expects ordering in the MEP segment to pick up in FY16 2) Legacy orders in the MEP segment might continue till Q3/Q4FY15 3) EMP segment may see a meaningful dip in revenues in FY15
amrapali complaints official builders amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews. amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official reviews amrapali group said that amrapali movie complaints was wrong. amrapali movie not horror full amrapali group waves are true but amrapali it raids got made wrong amrapali reviews.amrapali builders official r
Company valuation Digi Telecommunication BHD.Itmamul Akwan
The document analyzes Digi Telecommunication Bhd. to determine if it is a good investment. It discusses Digi's business overview, objectives, financial ratio analysis including liquidity, profitability, and solvency ratios. Valuation methods like the dividend discount model, free cash flow to equity model, and residual income model indicate the stock is undervalued. Technical analysis of the stock price using Bollinger Bands, stochastic oscillator, and MACD is also presented. While Digi has favorable factors like resilient performance and healthy profits, unfavorable factors like high debt levels are noted. Overall, the analysis concludes the stock is undervalued based on multiple valuation approaches.
This document contains performance data and financial information for Algorithm company from 2015 to 2019. It also includes stock price and probability analysis. The performance data shows increasing sales, operating profit, and net income over time. The stock price analysis provides the current price, indication price ranges, and probability of price increases. It recommends a purchase of Algorithm stock based on the analysis.
This document provides a treasurer's report and financial summary for APNIC for 2017 and the proposed budget for 2018. Some key points:
- In 2017 APNIC had an operating surplus of $1.55 million, exceeding the budgeted surplus. Revenue was below budget but expenses were lower than budgeted.
- Membership grew to over 6,500 members in 2017 with steady monthly gains.
- The 2018 budget projects total revenue of $22.16 million and total expenses of $21.92 million, resulting in a projected operating surplus of $246,564.
Venture-Backed IPO Market Shows Signs of Life in Third Quartmensa25
Nine venture-backed companies completed IPOs in the third quarter of 2003 worth $732.8 million, marking an increase from the previous four quarters which saw only eight total IPOs. There are currently 35 venture-backed companies registered with the SEC preparing for upcoming IPOs, indicating increased future activity. Strong exit markets through IPOs are important to the long-term health of the venture capital industry. The third quarter saw increased offering sizes and post-offering values from IPOs, both at their highest levels since 2002.
This document provides an earnings results presentation for 4Q13. It contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. The presentation is published for informational purposes only and not as investment advice. Any opinions expressed are as of the date and subject to change without notice.
The presentation includes sections on the retail sector overview, company overview, financial performance, and shopping center portfolio. In the sector overview, various economic indicators are presented showing trends in unemployment, income, credit, consumer confidence and retail sales. The company overview describes General Shopping Brasil's focus on the B and C consumer classes and differentiated approach. The financial performance and portfolio sections provide data on the company's
This document summarizes an analysis of Gentex Corporation, a manufacturer of automatic-dimming rearview mirrors and windows for the automotive industry. It finds that Gentex has opportunities for growth through expanding in new markets like China, partnerships, and acquisitions. Financially, Gentex has strong margins and returns, low debt, and pays a stable dividend. A valuation using multiples and DCF models yields a target price of $23.17, an 18% upside from the current price. The recommendation is to buy Gentex based on its leadership position, growth opportunities, and undervaluation.
Similar to Financial Management Seminar Paper (20)
1. Warsaw School of Economics
Financial Management
Prepared by:
ANUBHAV JAIN (id 70286)
Warsaw
2015
2. 2
Table of Content;
1. COMPANY’S PROFILE…………………………………………….…3
2. FINANCIAL HIGHLIGHTS…………………………………………...4
3. FINANCIAL ANALYSIS
3.a. Current Ratio………………………………..…..5
3.b. Quick Ratio……………………………………...5
3.c. Net Profit Margin…………… ………………….6
3.d. Return on Equity Ratio………………………….7
3. e. Return on Assets Ratio…………………………..8
3. f. Debt-Equity Ratio………………………………..9
3. g. Asset Turnover Ratio…………………………....9
4. RECOMMENDATIONS FOR INVESTORS...………….10
5. APPENDIX………………………………………………11-13
6. BIBLIOGRAPHY ………………………………………...14
3. 3
1. Company’s Profile
Name of the company: INFOSYS
Year of establishment: July 2, 1981
Founder: Narayan Murthy
CEO: Vishal Sikka
Type: Public
Location: Pune, India
Headquarters: Bengaluru, India
Subsidiaries: Infosys BPO Limited, Panaya, Lodestone Management Consultants
Contact: https://www.infosys.com/
Stock price: INFY (NSE) $ 16.17
Number of employees: 187,976 (September 2015)
Operating income: Increase US$ 2.25 billion (2015)
Profit Increase: US$ 2.01 billion (2015)
Total assets: Increase US$ 10.61 billion (2015)
Total equity: Increase US$ 8.76 billion (2015)
Revenue: Increase US$ 8.71 billion (2015)
Services: IT, business consulting & outsourcing services
Area Served: Worldwide
4. 4
2. Financial Highlights (In US $ Millions)
Increase in gross profit: 904 (September 30, 2015) 848 (September 30, 2014)
Increase in net profit: 519 (September 30, 2015) 519 (September 30, 2014)
Decrease in Non-current Liabilities: 30 (2015) 364(2014) in Cr.
Increase in Revenues: 2392 (September 30, 2015) 2201 (September 30, 2014)
Decrease in Current Investment: 749 (2015) 2749(2014) in Cr.
Increase in Operating Profit: 610 (September 30, 2015) 575 (September 30, 2014)
Increase in cash flow from operating activities: 152 (2013) 320 (2014)
Increase in Cost of Sales: 1,488 (September 30, 2015) 1353 (September 30, 2014)
Main Competitors
1. Wipro is an Indian multinational IT consulting and System Integration Services
Company headquartered in Bangalore, India. As of March 2015, the company has
158,217 employees servicing over 900 of the Fortune 1000 corporations with a presence
in 67 countries. On 31 March 2015, its market capitalization was approximately $ 35
Billion, making it one of India's largest publicly traded companies and seventh largest IT
Services firm in the World.
2. Fidelity National Information Services is an international provider of financial services
technology solutions and outsourcing services. FIS has over 14,000 clients in more than
130 countries.FIS is 426 on the Fortune 500 and is a member of Standard & Poor’s 500
Index.
3. Tata Consultancy Services Limited (TCS) is an Indian multinational information
technology (IT) service, consulting and business solution.
4. International Business Machines Corporation (commonly referred to as IBM) is
an American multinational technology andconsulting corporation, with headquarters
in Armonk, New York. IBM manufactures and markets computer hardware, middleware
software and offers infrastructure, hosting and consulting services in areas ranging
from mainframe computers to nanotechnology.
5. 5
3. Financial Analysis
(a).Current Ratio
The Current ratio is the ratio of current asset to current liabilities; indicates a company’s ability to satisfy
its current liabilities with in current assets:
Current Ratio = Current Assets / Current Liabilities
The Current ratio indicates a company ability to meet short term debt , though it has decreased
from last couple of years, it indicates company might not be using C.A or its short term finance
efficiently, that also indicate problem in working capital management of the company
(b).Quick Ratio
The Quick (aki acid) Ratio is used as a solvency metric to determine a firm's ability to pay down
current liabilities.
Date Range Current
Assets
Current
liabilities
Current Ratio
Infosys
Wipro Fidelity National
Info
Sept. 30, 2015 742.61M 199.08M 3.730 2.570 1.556
June. 30, 2015 7.311B 2.067B 3.537 2.683 1.480
Mar. 31, 2015 7.554B 1.821B 4.149 2.661 1.475
Dec. 31, 2014 7.651B 1.792B 4.270 2.760 1.547
Sept. 30, 2014 7.656B 1.731B 4.421 2.677 1.744
June. 30, 2014 7.244B 1.656B 4.374 2.724 1.666
Mar. 31, 2014 7.157B 1.519B 4.711 2.605 1.577
Dec. 31, 2013 6.542B 1.444B 4.531 2.592 1.406
Sept. 30, 2013 6.421B 1.456B 4.409 2.285 1.577
June. 30, 2013 6.206B 1.240B 5.003 2.337 1.795
Mar. 31, 2013 6.507B 1.158B 5.617 2.124 1.504
Dec. 31, 2012 6.076B 1.106B 5.492 2.146 1.467
Date Range Quick Ratio
Infosys
Quick Ratio
Wipro
Quick Ratio Fidelity
National Info
6. 6
The Quick Ratio is considered more realistic to judge the financial strength of the company.
Since it only include the most liquid assets. So it can show the real strength of the company to
pay off its current debt. The liquid ratio 3.608 of Infosys shows that it’s slightly lower than its
current ratio which is 3.70. It means that most of its assets are in form of liquid assets so it has
the capability to pay off its debt very easily as compare to its competitors (Wipro 2.078, Fidelity
National Info 1.386).
(c).Net Profit Margin
Net Profit Margin is one of the key indicators in assessing the company's profitability, which
shows how good a company is at converting revenue into profits available for the shareholders
Profit Margin = Net Income / Revenue
Sept. 30, 2015 3.608 2.078 1.386
June. 30, 2015 3.229 2.323 1.174
Mar. 31, 2015 4.024 2.243 1.154
Dec. 31, 2014 4.023 2.330 1.396
Sept. 30, 2014 4.402 2.232 1.381
June. 30, 2014 4.073 2.292 1.266
Mar. 31, 2014 4.539 2.35 1.195
Dec. 31, 2013 4.374 2.253 1.279
Sept. 30, 2013 3.829 1.988 1.152
June. 30, 2013 4.916 2.024 1.585
Mar. 31, 2013 5.558 1.866 1.349
Dec. 31, 2012 5.190 1.845 1.334
Date Range Net
Income
Net
Revenue
Infosys Wipro Fidelity
National Info
Sept. 30, 2015 52.33M 240.76M 21.73% 17.86% 11.10%
June. 30, 2015 478.77M 2.269B 21.10% 17.88% 15.14%
Mar. 31, 2015 479.04M 2.077B 23.06% 18.71% 7.13%
Dec. 31, 2014 534.77M 2.272B 23.53% 18.28% 11.56%
Sept. 30, 2014 51.13M 220.34M 23.20% 17.84% 9.38%
June. 30, 2014 484.41M 2.144B 22.60% 18.89% 11.18%
Mar. 31, 2014 432.13M 1.833B 23.57% 19.10% 10.16%
Dec. 31, 2013 461.29M 2.092B 22.05% 17.87% 4.57%
7. 7
The Net profit ratio of Infosys 21.73% is much higher than its competitors its almost double of
the Fidelity National Info that has the ratio of the 11.10%.This shows the Financial efficiency of
Infosys its better in converting revenues into net profit which will ultimately leads to the higher
dividends and earning per share, which is due to increase in net sales and the efficiency of
management in manufacturing, selling, administrative and other activities of the firm.
(d).Return on Equity
The higher the return, the more efficient is company.
If we compare the recent quarter result of Infosys from last 1 year quarter result, it shows that the
increase in ROE is due to increase in their sales, operating income and net profit.
And the last thing is EPS which increase from -72.56% to 12.14% from previous year if see in
Indian market which is positive sign from investors point view to invest in company.
Sept. 30, 2013 388.06M 2.093B 18.54% 17.94% 11.49%
June. 30, 2013 451.29M 2.150B 20.99% 16.68% 6.93%
Mar. 31, 2013 437.44M 1.910B 22.90% 17.99% 9.75%
Dec. 31, 2012 439.23M 1.934B 22.71% 18.04% 9.11%
Date Range Infosys Wipro Fidelity National Info
Sept. 30, 2015 22.36% 21.87% 11.16%
June. 30, 2015 18.57% 22.19% 10.78%
Mar. 31, 2015 18.90% 23.05% 9.80%
Dec. 31, 2014 19.03% 23.91% 10.40%
Sept. 30, 2014 18.68% 24.53% 8.49%
June. 30, 2014 23.96% 24.91% 8.78%
Mar. 31, 2014 23.88% 24.58% 7.63%
Dec. 31, 2013 24.70% 23.52% 7.45%
Sept. 30, 2013 24.69% 22.93% 8.41%
June. 30, 2013 25.84% 22.23% 7.12%
Mar. 31, 2013 25.74% 21.81% 7.81%
Dec. 31, 2012 26.56% 21.40% 6.98%
8. 8
(e).Return on Assets Ratio
Return on Assets (ROA) ratio is a financial indicator, which tells the investors how much profit a
company generates for each $1 of assets. The higher the return, the more efficient is company.
Return on assets ratio shows that how much company is efficient to utilize its assets. The overall
result shows that it is using its assets in a good way but Wipro has shown more consistency in its
ROA ratio. Based on the financial highlights for the last year, there is an increase in sales
revenue, profit, EPS, market caputurerization and net cash flow. But on the other hand, the
decrease in ROA shows that how much company is efficient to utilize its assets shows that it is
using its assets in a good way.
(f).Debt/Equity Ratio
Debt/Equity Ratio is a debt ratio used to measure a company's financial leverage, calculated by
total liabilities by its stockholders' equity. The D/E ratio indicates how much debt a company is
Date Range Net
Income
Total
Assets
Infosys Wipro Fidelity
National Info
Sept. 30, 2015 52.33M 1.073B 3.53 13.65 4.92
June. 30, 2015 478.77M 10.61B 17.95 14.06 6.67
Mar. 31, 2015 479.04M 10.62B 18.39 15.49 3.06
Dec. 31, 2014 534.77M 10.01B 20.86 15.51 5.45
Sept. 30, 2014 51.13M 10.03B 2.06 15.50 4.21
June. 30, 2014 484.41M 9.625B 20.38 16.52 4.98
Mar. 31, 2014 432.13M 9.491B 19.36 18.21 4.38
Dec. 31, 2013 461.29M 8.744B 21.74 17.13 2.02
Sept. 30, 2013 388.06M 8.480B 18.16 15.92 4.88
June. 30, 2013 451.29M 8.132B 20.38 13.98 3.05
9. 9
using to finance its assets relative to the amount of value represented shareholders ‘equity.
Debt - Equity Ratio = Total Liabilities / Shareholders' Equity
Generally speaking, as a firm's debt-to-equity ratio increases, it becomes more risky because if it
becomes unable to meet its debt obligations. But if we compare debt ratio of Infosys with its
competitor Wipro is now slightly up but in late 2012-13 it’s performing well to compete with
their competitor.
(g).Asset Turnover Ratio
Like return on assets (ROA), the asset turnover ratio tells you how good the company is at using
its assets to make products to sell. For example, if Company A reported $100,000 of sales and
owns $50,000 in assets, its asset turnover ratio is 2x. Forever $1 of assets it owns, it can generate
$2 in sales each year.
Date Range
Total
Liabilities
Shareholders’
Equity
Infosys Wipro Fidelity National
Info
Sept. 30,2015 205.19M 867.68M 0.2362 0.2292 0.7613
June. 30,2015 2.130B 8.482B 0.2511 0.1905 0.7831
Mar. 31, 2015 1.854B 8.766B 0.2114 0.1934 0.8169
Dec. 31, 2014 1.810B 8.201B 0.2207 0.1746 0.7729
Sept. 30,2014 1.804B 8.223B 0.2193 0.153 0.7705
June. 30, 2014 1.725B 7.900B 0.2183 0.1291 0.7549
Mar. 31, 2014 1.584B 7.907B 0.2003 0.1502 0.7313
Dec. 31, 2013 1.504B 7.240B 0.2077 0.1442 0.6791
Sept. 30,2013 1.512B 6.968B 0.2169 0.184 0.7253
June. 30,2013 1.298B 6.834B 0.1899 0.1784 0.7208
Mar. 31, 2013 1.208B 7.334B 0.1647 0.2249 0.6933
Dec. 31, 2012 1.140B 6.803B 0.1675 0.191 0.6604
Date Range Total
Revenue
Total
Asset
Infosys Wipro Fidelity
National Info
10. 10
The Asset turnover ratio of the company Infosys is a picture of its return on asset ratio as was the
case in ROA ratio same is reality in above table. The most consistent company seems Wipro
which has a consistency in its conversion while Infosys has two very interesting fluctuation in
September 2014 the ratio is 0.02 and in September 2015 the ratio is 0.04. Since this fluctuation is
exactly after one year so it seems company might have disposed off its assets after a one year this
is purely a subjective observation of mine and have no financial proof of this fact.
4. Recommendations for Investors Buy
A financial highlight of the company Infosys shows that it has continues and gradual increase in
all the ratios which are considered important by the individuals before investing in any company.
i. Based on the financial ratios that are calculating for Infosys, a risk-average person who
tends to protect his capital may invest in Infosys for long term because it has good
financial fundamental as compares to other IT firms. The fact that all ratios are above the
industry average suggests that the company is more profitable, efficient and liquid in its
peer group. Moreover, in the comparison with the main competitor in the IT industry
(Wipro, India) also shows good indicators in the categories, such as Asset ratio and asset
turnover ratio.
ii. Based on the financial highlights for the last couple of year, Infosys may be chosen for
investing, due to these factors that is increase sales revenue, profit, EPS, market
caputurerization and net cash flow.
Sept. 30, 2015 240.76M 1.073B 0.04 0.19 0.11
June. 30, 2015 2.269B 10.61B 0.21 0.20 0.11
Mar. 31, 2015 2.077B 10.62B 0.20 0.21 0.11
Dec. 31, 2014 2.272B 10.01B 0.22 0.21 0.12
Sept. 30, 2014 220.34M 10.03B 0.02 0.22 0.11
June. 30, 2014 2.144B 9.625B 0.23 0.22 0.11
Mar. 31, 2014 1.833B 9.491B 0.21 0.24 0.11
Dec. 31, 2013 2.092B 8.744B 0.25 0.24 0.11
Sept. 30, 2013 2.093B 8.480B 0.25 0.22 0.11
June. 30, 2013 2.150B 8.132B 0.24 0.21 0.11
Mar. 31, 2013 1.910B 8.542B 0.22 0.22 0.11
Dec. 31, 2012 1.934B 7.943B 0.24 0.21 0.11
11. 11
iii. According to the historical data , Fidelity National Info had showed consistent
performance which result it give not more profit for Long – Term investor as compare to
Infosys because its net profit margin is not much higher than Infosys which directly result
to earing per share and to give to dividend to their investors .
iv. The evidence that Fidelity National Info operates mainly in U.S Market, makes the
investing is quite attractive but on the other hand the Infosys also operate in Indian Stock
Market and plays a vital role in IT Industry in India which directly lead to generating
more revenues because now a days Indian IT market is blooming so fast as comparative
to other Asian market.
v. Infosys Foundation USA, a non-profit organization focused on bridging the digital divide
in America, announced on 18 November 2015, a new strategic grant partnerships
with Girls Who Code, CodeNowand ScriptEd. These organizations focus on delivering
computer science and coding education to middle and high school students through
curricular and extracurricular programs nationwide which may help to generate more
revenues and market caputurerization .
vi. The political and country risks, which are always undesirable by private investors and
Foreign investors are pretty low as comparative than other competitors.
5. Appendix
In comparison with Technology sector and other competitors, the Infosys Company’s shares are
more attractive for investors due to their historical primary growth.
12. 12
1. Infosys retreated from a record high hit earlier in the day and closed 3.81 percent lower,
posting its biggest single-day percentage fall since Aug. 24, a day when global markets
reeled after steep falls in China's sharesthis is all happen due to steep fall in china’s
market.
2. Infosys, which provides IT services to clients such as Apple Inc, Volkswagen AG and
Wal-mart Stores Inc , posted a net profit of 33.98 billion rupees ($525.07 million) in its
fiscal second quarter to Sept. 30, compared with 30.96 billion rupees a year ago.
3. If we see in graph on October 19, 2015, the Infosys performing the rapid growth in there
share price as comparative to technology sector and other companies is due to the
Infosys completed the acquisition with US-based oil and gas consulting firm Noah
Consulting for USD 70 million (about Rs 453.5 crore) in an all-cash deal .
SWOT Analysis
Strengths
Since the company is based in India its competitive advantage is enhanced. The Indian economy,
despite weak economic indicators such as relatively high rates of inflation, has low labor costs.
The workforce has relatively high skills levels in Information Technology. Couple these two
elements together and you have an operational basis that offers low-cost based, highly skilled
competitive advantage. Trained Indian personnel often speak very good English and are sensitive
to Western culture.
Infosys is in a strong financial position. The business turned over more than $4 billion in 2008.
This means that it has the capital to expand, and also the basis to leverage potential investors
Weaknesses
Infosys on occasion struggles in the US markets, and has particular problems in securing United
States Federal Government contracts in North America. Since these contracts are highly
profitable and tend to run for long periods of time, Infosys is missing out on lucrative business.
Added to this is the fact that its competitors do well in terms of securing the same Federal
business (and one should also take into account that many of its competitors are domiciled in the
US and there could be political pressure on the US Government to award contracts to domestic
organizations).
13. 13
Despite being a huge IT company in relation to its Indian competitors, Infosys is much smaller
than its global competitors. Infosys generated $4 billion in 2008, which is relatively low in
comparison with large global competitors such as Hewlett-Packard ($91 billion), IBM ($91
billion), EDS ($21 billion) and Accenture ($18 billion).
It is sometimes argued that Infosys is weaker when it comes to high-end management
consultancy, since it tends to work at the level of operational value creation. Competitors such as
IBM and Accenture tend to dominate this space.
Opportunities
At a time of recession in the global economy, it may appear that some companies will reduce
take up of services that Infosys offers. However, in tough times clients tend to focus upon cost
reduction and outsourcing – with are strategies that Infosys offers. So hard times could be
profitable for Infosys.
The strategic alliance between Infosys and Schlumberger gives the IT company access to
lucrative business in the gas and oil industries which is their new strategy to roll-up in global
market
Threats
Other global players have realized that India has the benefit of low-cost, highly-skilled labor that
often speaks English and is culturally sensitive to Western practices. As with all global IT
players, Infosys has to compete for skilled labor and this may have the effect of driving up wage
levels, and making it more difficult to recruit and retain staff.