Open AccessAn Evaluation of Financial Performance of Kiam Metal Industries Limited (KMIL)
Author(s) -
Md. Zakir Hossain,
Md. Ibrahim Hossain,
Md. Ruhul Amin
Publication year - 2008
Publication title -
business review
Language(s) - English
Resource type - Journals
eISSN - 2664-3502
pISSN - 1811-3788
DOI - 10.35649/kubr.2005.5.1.2
Subject(s) - solvency , profitability index , financial ratio , business , market liquidity , operational efficiency , position (finance) , finance , profit (economics) , financial analysis , working capital , quality (philosophy) , accounting , economics , marketing , philosophy , epistemology , microeconomics
The study is planned to evaluate the financial strengths and weaknesses and to make suggestions to improve its financial position. The data are collected from secondary sources. To analyze financial performance some key variables are selected like liquidity Ratios, Solvency Ratios, Profitability Ratios and Activity Ratios. From the analysis and interpretation of data it was observed that the company’s managerial performance, profit earning capability etc. are in very good position. The reasons for these positions were due to proper management, planning and control of working capital, operational efficiency, adequate credit policy, high labor efficiency, good quality raw materials, good marketing forces, adequate and good storage facilities etc.