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Bd Lamps and National Polymer Ration Analysis

By:   •  March 23, 2016  •  Case Study  •  7,619 Words (31 Pages)  •  1,727 Views

Page 1 of 31

Chapter 1

Introduction

Bangladesh Lamps Ltd is a manufacturer of electric light bulbs in the country. The company has an exclusive license agreement with Philips electronics N.V. Holland, under which it manufactures Philips lighting products. The company started in 1960 as a part of Philips, Holland. In March 1993, Philips sold its part to Transcom and Bangladesh Lamps was born. With over 250,000 square feet of factory space located in the heart of Dhaka and 223 strong workforce, the company manufactures Philips branded lighting products under an exclusive licensing agreement from PHILIPS Electronics N.V. Holland. With the newly installed state of the art BH-II production line (Speed: 4200 bulbs/hr), the company can produce up to 60 million bulbs per year and is looking to export products worldwide. The company’s product range includes all types of incandescent light bulbs mainly clear, frosted Argenta, color and other special light bulbs. The company gets technical assistance from Philips Holland and strictly adheres to European quality standard (IEC) and sells Philips, Transtec and Sainik brand electric bulbs and Transtec brand CFL in local market.

Chapter 2

Common Size Statements

2.1        Horizontal Balance Sheet of Bangladesh Lamps

2010

2011

2012

2013

2014

Property Plant and Equipment

100.00%

168.19%

173.62%

159.20%

130.33%

Capital Work in Progress

100.00%

102.14%

69.95%

2.96%

2.29%

Intangible Assets

100.00%

2207.05%

1687.94%

1171.68%

686.85%

Investments

100.00%

60.78%

41.33%

44.05%

47.08%

Loans and Deposits

100.00%

145.81%

171.99%

163.03%

209.55%

Total Noncurrent Assets

100.00%

73.75%

56.76%

55.98%

55.52%

Inventories

100.00%

152.76%

257.40%

193.10%

224.17%

Trade and Other Debtors

100.00%

123.27%

101.42%

105.27%

92.61%

Advances, Deposits and Prepayments

100.00%

71.32%

88.12%

73.24%

87.67%

Advance Income Tax

100.00%

157.46%

207.78%

254.64%

308.84%

Cash and Cash Equivalent

100.00%

69.52%

81.70%

1.73%

38.00%

Total Current Assets

100.00%

117.27%

139.38%

108.64%

124.98%

Total Assets

100.00%

90.28%

88.14%

75.98%

81.90%

Share Capital

100.00%

100.00%

130.00%

130.00%

130.00%

Reserves and Surplus

100.00%

71.69%

49.67%

47.40%

49.88%

Total Equity

100.00%

73.51%

54.84%

52.72%

55.04%

Long Term Loan

100.00%

191.15%

125.05%

71.04%

19.46%

Deferred Liability - Gratuity Payable

100.00%

110.58%

122.93%

178.72%

179.99%

Deferred Tax Liability

100.00%

131.17%

118.13%

66.58%

33.33%

Total Noncurrent Liabilities

100.00%

154.56%

123.07%

103.78%

72.18%

Current Portion of Long Term Loan

100.00%

230.20%

221.30%

142.33%

142.33%

Short Term Finance

100.00%

130.11%

239.38%

169.37%

171.51%

Trade and Other Creditors

100.00%

181.18%

249.39%

190.38%

377.76%

Accrued Expenses

100.00%

119.66%

110.37%

185.32%

158.95%

Other Liabilities

100.00%

78.11%

80.89%

39.14%

39.55%

Provision for Tax

100.00%

117.96%

124.53%

133.12%

152.97%

Provision for Royalty

100.00%

100.99%

154.87%

106.54%

106.77%

Total Current Liabilities

100.00%

132.25%

194.56%

149.48%

177.16%

Total Liabilities

100.00%

136.69%

180.33%

140.38%

156.27%

Total Equity and Liabilities

100.00%

90.28%

88.14%

75.98%

81.90%

2.2        Horizontal Income Statement of Bangladesh Lamps

2010

2011

2012

2013

2014

Sales

100.00%

109.48%

153.16%

165.70%

188.76%

Cost of Goods Sold

100.00%

107.41%

156.84%

165.33%

188.29%

Gross Profit

100.00%

116.22%

141.16%

166.92%

190.28%

Other Income

100.00%

92.10%

100.26%

120.88%

161.69%

Operating Expenses

100.00%

164.35%

358.52%

385.25%

396.22%

Operating Profit

100.00%

79.51%

-15.66%

8.75%

43.03%

Finance Expense

100.00%

141.28%

220.30%

135.35%

76.80%

Finance Income

100.00%

164.72%

145.59%

85.63%

59.11%

Net Finance Income

100.00%

85.60%

420.09%

268.31%

124.11%

Profit Before Contribution to WPPF

100.00%

79.59%

-54.87%

-14.61%

35.74%

Contribution to WPPF

100.00%

79.59%

0.00%

0.00%

35.74%

Profit Before Income Tax

100.00%

79.59%

-57.61%

-15.34%

35.74%

Income Tax Expenses

100.00%

89.67%

13.87%

-8.53%

46.71%

Net Profit

100.00%

76.35%

-80.64%

-17.53%

32.20%

...

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