Financial performance analysis of Concord Ready Mix & Concrete Products Ltd

Abstract

Financial performance analysis is the process of identifying the financial strengths and weakness of the firm by properly establishing the relationship between the items of balance sheet and profit and loss account. It also has the assistances in short – term and long – term forecasting and growth can be identified with the help of financial performance analysis. Concord is a one of the biggest and most successful company of Bangladesh. It has been established in 1972 as small Engineering and Construction firm. Now it is 38 years old and it has expanded its business beyond Real Estate and all over Bangladesh as well as abroad. Concord Ready-mix and Concrete Products Ltd which has been established in 1990. Since its establishment it proved itself to be a successful organization and that success has leaded it towards other industries, for example: Entertainment industry, AD Firm, Garments Industries and so on. Managing such a large organization is not that easy, especially if it is one of the largest employers of Bangladesh. This report consists of five chapters those are introduction, about the company, theoretical development, data analysis and interpretation and lastly I added some recommendation based on my findings and the conclusion. The first chapter consists of Introduction of the study, background, origin, objective, methodology and limitations of the study. Then the second chapter focused on the overview of the organization has been discussed. This chapter contains company’s background, mission, vision, values, products services and business. The third chapter presents the theoretical knowledge, financial tools, measurement techniques and ratio analysis. The main part of the report is chapter four which includes analysis of the statements of the company based on horizontal and ratio and on that analysis I have point out some lacking or shortcomings. The fifth chapter focuses on how to fight back from shortcomings and lastly conclusion of the report. All the way through this report I tries my level best to make sure that analysis of financial performance presented in such a way that there should not be any scope for questions regarding the efficiency of Concord Ready-mix and Concrete Products Ltd.