The purpose of this study sought to examine the overall performance of Stone Master Corporation Berhad with specific risk factors and macroeconomic factor on profitability performance. The data obtained from annual report of Stone Master Corporation Berhad starting from 2012-2016. The measurement of liquidity ratio and operating ratio used to see the overall performance of Stone Master Corporation Berhad in 5 years which allegedly beyond benchmark. The additional measurement is the asset size, this variable has a negative and no significant relationship with liquidity risk. Data was analyzed by utilizing regression and bivariate correlation. The regression analysis and bivariate correlation shows only one factor of profitability is significant to operating ratio which is ROA with the highest impact to the profitability.
1.0 INTRODUCTION
Stone Master Corporation Berhad (SMCB) was incorporated in Malaysia under the Companies Act 1965 on 11 November 1999 as a public limited company under its present name. Stone Master Corporation Berhad is the first in Malaysia from the dimensional stone industry to be successfully listed on the Official List of the Bursa Malaysia
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Our talented and passionate corporate citizens join together in a shared vision of creating world class solutions that benefit our customers, industries and nations. We seek to exert our mission in bringing wholesome goodness and betterment for the entire humanity in all aspects of life. Through this network, Stone Master Corporation Berhad is committed to provide stone solutions to elevate our clients beyond the threshold of excellence with our mindset for value, quality, durability and sustainability. This offers us a tremendous advantageous position, not only as a competitive industry collaborator, but also as a torchbearer of socially responsible corporate citizenship. (Stone Master Corporation Berhad,
In the case of Commissioner v. Glenshaw Glass Co, the item of potential income was the $324,529.94 in punitive damages for fraud and antitrust violations from Hartford-Empire Company. The lower courts did not treat this as income and determined that Glenshaw was not required to report their awards for punitive damages as income under 26 U.S.C.S. ß 22(a). The taxpayers argued it was unconstitutional by saying there was no constitutional barrier to imposing taxes on punitive damages. The court found the definition of gross income in Section 22 (a) of the 1939 Code.
Hailing from the small merchant village of Darkhearth Sanctuary, a little boy named Brickers Stonecutter was born the youngest of a middle class family. Both of his parents worked as merchants, and he had four sisters and a brother. Being taught at a young age that violence isn't always the answer, Brickers made a vow to himself that he won't lay hands on anyone who didn't deserve it. As the years went by, Brickers grew up and his family life started taking a turn for the worse. His father lost his job and started drinking heavily with whatever money he and his mom made; by this time his sisters and brother were out of the house and he was working as a merchant for the local temple.
As the Northeast began to develop industrially after the was of 1812, jobs were created providing both men and women the chance to earn a living. Though the idea of the industrial industry brought many positive innovations, the reality was not all it was cracked out to be. Working conditions proved unreasonable, and harsh. Though the innovations to come from the industrial industry were quite historical. Great Britain saw America start to slip away from their economical grasp, forcing great Britain to forbid any skilled manufactures from migrating to America.
Management has shown their abilities over the years to weather the recent EPA changes and declining wood stove market. While their profit margin for return on assets decreased, they managed to still increase sales enough in their niche market to increase their asset turnover and in the end, increase their return on assets. Even with major deficits in their retained earnings, the company worked through the tough regulations and low cash flow to not only continually grow their business, but turn
ASSIGNMENT#1 Case Study: Stone Finch, Inc. Assessment of Jim Billings’ performance as president of Stone Finch: Jim Billings’ energy, capacity to take risks, build a culture of experimentation and make a team of falcons made him appropriate for the position of President of Stone Finch. His growth and success was quick and remarkable as he moved rapidly from the research group to corporate planning to plant management. He was recognized as high-potential leader throughout the company and he was given responsibility to head R&D and invest capital in it. Due to Billings’ capabilities Richard Stone decided to acquire Goldfinch.
Modern day businesses have to be socially responsible; actions are taken to satisfy customers who might have a cause that they care deeply. Social responsibility occurs when a person or a company acts in an ethical and sensitive way towards important social issues of the day such as economic, environmental, and cultural concerns. Many businesses have a section of their website or business literature dedicated to social responsibility. Companies proudly detail the steps they are taking to address concerns that people have with the environment and economic issues. Having companies act in a socially responsible way is necessary because their actions have a tremendous positive impact on society.
In the company photograph of the 130th Chemical Company the three friends are pictured sitting together shoulder to shoulder, just as they joined the Army together, trained together, and stationed together in London, where on July 3, 1944, died together. Prior to their enlistment in the Army, Robert H. Cook, Philip J. Conley, and Chester R. Peterson were close friends while living in Portland. The three friends left for training together in January 1943, and were assigned to the 130th Chemical Processing Company at Camp Sibert, Alabama.
Lowe 's Company Inc was originated in North Carolina in 1946. Carl Buchanan, proprietor of Lowe 's Co can be accredited for the Lowe’s evolution. Lowe 's evolved from a small hardware store to the 2nd largest home improvement retailer worldwide (History, n.d). In addition, Lowe 's is an international company with multiple stores located in U.S, Canada and Mexico. The organization 's extensive product collection comprises of appliance, hardware, building supplies, plumbing and more.
The above figures show that Ryanair as a company is far more liquid than BA. Ryanair was considerably higher than BA due to its small amount of liability, thereby meaning a low obligation to lenders. Indeed, this may reflect good liquidity in terms of liability management. However, the excessively high ratio as shown by Ryanair in 2012 at ratio of 2.14 (which conversely, BA was at their lowest), may also imply that the company possess too much of a certain type of asset, rather than maximizing its profitability through diversification. Regretfully, the result cannot be fully identified with current or acid ratio, and further analysis in the asset management or other liquid ratios is
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The business is highly customer-focussed that seeks to provide excellent products and services that deliver enjoyment and value-for-money. They desire to develop within a considerate culture that combines autonomy and accountability while maintaining the strong focus on profitability. The company has been in existence with high rate growth being registered as
Case Study 1: Banc One Corporation Asset and Liability Management Gizem Akkan So basically, the main problem Banc One Corporation has falling share prices as it is written from a 48 ¾ to 36 ¾ in April 1993. The basic reason behind this decline is that its exposure to derivative securities. This decline in share prices raises concerns among the Banc One’s Investors as well as its analysts since they are uncomfortable with huge amount of derivative usage particularly swaps. They think they are not able to measure risks they exposed so this create uncertainity about the firm’s financial stability.
SUPERMAX Corporation Berhad should be aware of their cultural differences in the workplace. Since there have a lot of different race in Malaysia and also most of the workers are from the different background so it can easily cause communication barrier happen between all the workers within the workplace. SUPERMAX should treat this issue seriously and handle it properly in order to avoid misunderstanding and tension between employees. It is vitally significant that there is a good relationship between all the employees and also the superior because it can affect the company’s productivity and efficiency. SUPERMAX should have cultural sensitivity in order to create a harmonious atmosphere in the workplace at the same time it can improve the performance of the company.
In the recent years more and more companies in the retail and food industry are concerned about the environmental consequences of their action and also the social ethics for the people involved in the production process. This is a shift from the philanthropic actions companies used to take in 1970’s and by following basic international standards to a ‘business case’ perspective of CSR (Customer Social Responsibility). According to the World Business Council for Sustainability Develpoment ( WBCSD) CSR is: ‘’ the commitment of business to contribute to sustainable economic development, working with employees, theirfamilies, the local community and society at large to improve their quality of life’’ (World Bank, 2002)
Exposure to credit risk is managed in part by obtaining collateral and corporate and personal guarantees. Counterparty limits are established by the use of a credit classification system, which assigns each counterparty a risk rating. Risk ratings are subject to regular revision. Liquidity Risk Liquidity risk is the risk that the company is unable to meet its payment obligations associated with its financial liabilities when they hall due and to replace funds when they are withdrawn. GK’s liquidity management process, as carried out within the Group through the ALCOs and treasury departments includes: o Monitoring future cash flows and liquidity on a daily basis o Maintaining a portfolio of highly marketable and diverse assets that can easily be liquidated as protection against any unforeseen interruption to cash flow o Maintaining committed lines of credit Currency Risk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates.