The Business and Financial Analysis of Maldives Industrial...

OXFORD BROOKES UNIVERSITY RESEARCH AND ANALYSIS PROJECT The Business and Financial Analysis of Maldives Industrial Fisheries Company Limited From 1st January 2006 to 31st December 2008 Prepared by: Word count: 6486 words TABLE OF CONTENTS EXECUTIVE SUMMARY 5 PART 1 PROJECT OBJECTIVES AND 6 OVERALL RESEARCH APPROACH 6 1.1Intoduction 6 1.2 Selecting the Topic 6 1.3 Reason for Choosing â€Å"Mifco† 6 1.4 Principal Activities (Mifco) 7 1.5 Project Aims and Objectives 7 1.6 Research Questions 8 1.7 Overall Research Approach 8 1.8 Conclusion 9 PART 2 INFORMATION GATHERING AND 10 ACCOUNTING/BUSINESS TECHNIQUES 10 2.1 Introduction 10 2.2 Sample Design and Data†¦show more content†¦It also allowed the use of raw data and analysis it in a real context, which I found challenging and would test my understanding of the subject area. The topic is interesting; mainly it necessitates analyzing the financial situation of a company. As a professional student, it helps me to learn more and exercise the analysis in a more practical manner. 1.3 Reason for Choosing â€Å"Mifco† The project is based on Maldives Industrial Fisheries Company (Mifco), because it is one of the best leading companies of Maldives. Also it is a company that contributes to the development of the fishing community. Mifco, officially incorporated in November 1993, spearheads fisheries contribution, development and strengthening based on the livelihood of over 20% of the population, employing no less than 11% of the labour force. Mifco pioneered and now leads the development and interest of the fishermen and the fisheries sector. The second largest occupation next to tourism; fishing is in the blood of the Maldivian people. Mifco owns and manages three main operational centers across the country; these in turn are backed up by a fleet of carriers and collector vessels. The products are environment friendly, emphasizing on the uniqueness of the ‘Maldivian touch’ and a distinct Maldivian feel to the end product. Modern collection system implemented on the operation centers and outlets mean that variousShow MoreRelatedEnvironmental Impacts of Tourism6014 Words   |  25 Pagesextraction of water, this can result in water scarcity. If the water comes from wells, overpumping can cause saline intrusion into groundwater. Golf resorts are more and more often situated in or near protected areas or areas where resources are limited, exacerbating their impacts. An average golf course in a tropical country such as Thailand needs 1500kg of chemical fertilizers, pesticides and herbicides per year and uses as much water as 60,000 rural villagers. Source: Tourism Concern | LocalRead MorePrimary Sector of Economy17717 Words   |  71 PagesThis is contrasted with the secondary sector, producing manufactures and other processed goods, and the tertiary sector, producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries. The manufacturing industries that aggregate, pack, package, purify or process the raw materials close to the primary producers are normally considered part of this sector, especially if the raw material is unsuitable for sale or difficultRead MoreEdexcel Igcse Economics Answer49663 Words   |  199 Pagesproduction. The owner of the business is reducing supply because costs are rising. Wages have increased significantly, gas has gone up by 30 per cent and the rent on the factory has just increased by  £2,000. These rising costs have resulted in the business cutting back production.  © Pearson Education Ltd 2010 7 (b) The owner has asked the production manager to lay off four members of staff. This is presumably in response to rising wages and other costs. The business is cutting back on production