Financial Performance Analysis of JMI Syringes & Medical Devices Ltd.

Abstract

In Bangladesh, Surgical device market has considerable value. Even some years ago we used to import most of your surgical equipment and gadgets from other nations. But presently few firms are generating that important equipment here for which we don’t have to import those devices anymore and that’s making our life simpler. JMI Syringe & Medical Devices Ltd. is one of the firms. For the development of these gadgets currently Bangladesh is doesn’t have to import most of the surgical equipment, additionally they are really selling these devices to many nations which is greatly helping to our expanding economy. JMI Syringe & Medical Devices Ltd.’s age is considerably less than its rivals. They began their voyage in April 1999. But despite being a recent firm, JMI Syringe have huge potentials. Their finest product which is Auto Disable Syringe was their key cause of success. That’s why I have picked JMI Syringe & Medical Devices Ltd. For my report. This report offers the financial analysis of this firm using Ratio Analysis, comparison with industry average. Also, some ideas for this firm and operations. The study aims to examine the financial performance of JMI Syringe & Medical Devices Ltd. over the last five years, with a particular emphasis on the company's overall financial progress. The study also aims to find and resolve any concerns that have been found as well as present workable solutions for resolving them. Ration analysis is one of the most important tools and strategies for analysing a firm's viability and liquidity. It looks at how efficiently money is being utilized by us, whether we own it or borrow it, and how easily it may be used without incurring additional expenditures. It contributes to the preservation of an organization's debtreduction capability by supplying effective asset management methods using financial ratio analysis. JMI Syringes & Medical Devices Ltd. is underperforming in terms of sales while maintaining a reasonably high level of investment in fixed assets. In the last three years, their net profit margin has fallen short of expectations. As a result, they should reduce their fund costs, operational expenses, and operational area to increase their cash flow. They also need to improve their marketing and product quality. JMI Syringes & Medical Devices Ltd. will obtain money through a combination of debt and equity financing. By raising the amount of debt capital, a firm has in comparison to its equity capital, the company's return on equity will be raised. Gain a greater share of your net earnings and a greater return on your investment.