This document analyzes 10 companies for portfolio investment purposes. It provides financial data like net income, assets, liabilities, and equity for each company. Ratio analyses including ROA, ROE, debt ratios, profit margins are presented. A GARCH model analysis finds Bata shares have the lowest volatility while MI Cement has the highest. Key findings are that Bata had the highest net income and ROA, while Isnltd had the lowest net income but most secure debt position. The document aims to help identify the best companies to include in a new investment portfolio based on the financial analysis.

1. Project On
Investment Theory and Portfolio Management
1.Agnisystem Ltd 6.Apex Tanary
2.Isnl Ltd 7.Bata
3.BD Com 8.Confidence Cement
4.Monnoceramic 9.Meghna Cement
5.MI Cement 10.Apex Adelchi Footwear
Project Submitted To:
Md. Mohibul Islam
Email: mohibul.islam@ulab.edu.bd
Project Submitted By:
Md.Omar Faruk
Arafin Siddiquee
Tamim Ahamed
Probir Biswas
Abu Hayat
Date: 26th August 2014

2. Introduction
Portfolio management is the blueprint for an organization. It is a dynamic decision process. In this
process, new projects are evaluated, selected and prioritized, existing projects may be accelerated,
killed or de-prioritized. Portfolio management is the art of selecting the right investment policy for
the individuals in terms of minimum risk and maximum return. It refer to managing a individual’s
investments in the form of bonds, shares, cash, mutual funds etc so that one can earn the maximum
profits within the stipulated time frame. We discuss here ten companies of portfolio. This study
helped us to identify the issues, goals and metrics of the company. We analyze the data of those
company and try to find out the companies growth, market value of share and position of the
company in the competitive market. Based on that we try to create some new portfolio and invest
the allocated money. The data of the companies we analyze are collected from Dhaka Stock
Exchange website. We analyze the two months of data from there. We also discuss here the
companies CEO profile.
Methodology:
Our research analysts is to prepared a theoretical framework of our study. We have collected our
data from Dhaka Stock Exchange secondary market. We took the data from 1st January 2012 to
29th February 2012.
Source of Data Collection:
Our all calculation based on DSE listed 10 companies daily share ended price. We also analysts
ROA, ROE, DER, OPM,GPM, NPM ratio from the based on annual report 2012, DSE library data
also helps us to completed this project.
The Name of The Company:
We have select the following listed companies for the completion of this project.
1. Agnisystem Ltd.
2. Apex Tanary
3. Isnl Ltd
4. Bata
5. BD Com.

3. 6. Confidence Cement.
7. Monnoceramic.
8. Meghna Cement.
9. MI Cement.
10. Apex Adelchi Footwear.
List of Net Income, Assets, Liabilities and Equity of the selectedcompanies:
Company Name Net Income Assets Liabilities Equity
Agnai System Ltd 43,691,844 769,543,993 47,310,007 722,233,986
Apex Tanary 107,676,000 1,596,575,000 583,991,000 1,012,584,000
Isnl Ltd 2,975,151 245,626,562 56,525,103 189,101,459
Bata 671,916,303 3,980,023,320 2,126,022,741 1,854,000,579
BD Com 30,344,357 451,806,185 47,506,686 430,250,307
Confidence Cement 280401214 4083976310 1530829369 2553146941
Monnoceramic 16,916,194 3,040,180,913 735,103,129 2,305,077,784
Meghna Cement 141,358,150 4,171,434,210 3,410,713,539 760,720,671
MI Cement 559,466,000 9,915,184,000 4,477,224,000 5,437,960,000
Apex Adel.Ftwr 258,854,949 3,107,442,737 820,711,816 2,286,730,921
Ratio Analysis:
Company
Name
ROA ROE DER GPM NPM OPM
Agnai
System Ltd
6% 6% 1% 45% 27% 24%
Apex
Tanary
7% 11% 6% 9% 4% 5%
Isnl Ltd 1% 2% 0% 50% 6% 50%
Bata 32% 36% 7% 36% 9% 14%
BD Com 7% 7% 5% 61% 15% 15%
Confidence
Cement
7% 11% 13% 17% 9% 12%

4. Monnocera
mic
1% 1% 2% 20% 2% 11%
Meghna
Cement
3% 19% 127% 11% 2% 6%
MI Cement 6% 10% 36% 13% 10% 10%
Apex
Adel.Ftwr
8% 11% 36% 16% 3% 9%
Comments:
Debt to Equity Ratio:
We see that Meghna Cement Ltd (127%) was the highest percentage of debt equity ratio where
Agni system ltd and Isnltd was the lowest percentage of debt equity ratio which is respectively 0%
and 1%.
Return on Assets
Here BATA is in good position in terms of ROA with having the highest ROA of 32% and rest of
them were very close to each other.
Gross Profit Margin:
Gross profit margin measures the how much money of operating income is left after making the
operating expenses. The higher ratio is better for the company. Here BD Com was the highest gross
profit margin which is 64.13% and the lowest gross profit margin was Apex Tanary (9%).
Net profit margin:
Net profit margin is the percentage of revenue remaining after all operating expenses, interest, taxes
and preferred stock dividends have been deducted from a company's total revenue. Here the Agni
System Ltd and BD Com was the highest net profit margin of respectively 27% and 15% on the
other hand Monnoceramic and Meghna Cement was the same and also lowest Net Profit Margin of
2%.

5. Brief about 10 companies present and past situation on Garch Model:
Agnisys Apex
Tan
Isnltd Bata BD
Com
Con.
Cem
Monno Meg.
Cem
MI
Cem
α0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
α1 0.61
0.28 0.40 0.04 .21 .43 .18 .10 .80
β1 0.00 0.37 0.24 .00 .64 .34 .33 .57 .05
Apex 0.00 .38 .52
α0 = Explains the conditional values, which is constant. Everyone in the market should face that
risk.
α1= Value that explains, recent information have impacted on the volatility.
β1= states that previous information impact on the volatility.
Bata:
We can easily understand the recent information had the impact which was very low then the rest of
the company and the rate was α1 (0.04) and β1 is 0.00.
BD Com:
BD Com recent information influenced fluctuating price in the market, but the ratio is different α1
is 0.21 and β1 is 0.64.
Confidence Cement:
In that case of Confidence Cement it’s a bit different, this time past information had the major effect
on volatility where the recent was slight less influence. Here the ratio respectively α1 is 0.43 and
β1 is 0.34.

6. Apex Tanary:
Apex tanary had a volatility because of both recent and past information but past had the great
impact that is α1 of 0.28 and β1 of 0.37.
Findings & Recommendations:
 Bata was the highest net income in 2012 besides Isnltd was the lowest.
 Though Isnltd was the lowest net income, but from the debt coverage point of view it had the
more secured position with 1 times debt to equity ratio and lowest 0% debt to fixed asset ratio.
 Agni system ltd had the highest NPM (27%), and Bata was the highest ROA (32%)
 In this report I found that Bata shares has the lowest volatility .016% whereas MI Cement
Shares have the highest with .088%.