Subject: Submission of an internship report on an analysis of the financial performance of Haizz & Jakez. I am pleased to present you with my internship report on Analysis of the financial performance of Haizz & Jakez. I would like to say that an internship report on “An analysis of the financial performance of the Haizz &.
The main focal point of this report is an Analysis of Haizz's Financial Performance. Finally, the report has the last two chapters which is the fifth chapter here which provide valuable suggestions for the financial improvement of the company. Domestic products are extra virgin oil and olive oil, canned mushroom products, room air freshener these products are also imported from different countries but most of the products are imported from Turkey.
This study is completely based on financial activities and financial results of Haizz &. This financial report provides a historical and current overview of the financial department of Haizz & Jakez Company. To assess the short-term as well as long-term solvency position of Haizz & Jakez.
To identify the reasons for change in profitability and financial position of the Haizz &.
Primary Data Sources
Secondary Data Sources
Every job has some limitation in this report has few limitations so the limitations given below. This report did not include all the financial ratios to find out the more specific financial condition. Non-disclosure of the company policy, therefore cannot take in-depth data into the whole of the company situations.
Inadequate records or lack of proper records was another limitation to complete this study.
2 Chapter Two
Organization
Haizz & Jakez is the oldest and largest trading company of Bangladesh with many years of experience in this field. Company Product A total of sixty districts are sold and almost seven hundred employees are involved in this company. Haizz & Jakez mainly imports products from real countries like the United States and Turkey.
Haizz & Jakez was established on January 17, 2010 as a private limited company with the aim of producing the best beauty health products. In Bangladesh, Haizz & Jakez is one of the largest importers and distributors of household products as well as cosmetics. In an effort to expand its brand footprint, Haizz & Jakez is constantly looking for new markets around the world. In general, Haizz & Jakez imports 90% products from international markets and 10% from the local market.
Several Haizz & Jakez showrooms and outlets have been set up across the country so that customers can have a better experience. Haizz & Jakez have two dedicated sales teams that are the most important part of this business. Distribution includes all stores and company-owned stores, on the other hand, modern trade includes superstore and pharmaceutical sector to improve corporate sales.
Organization Network Organogram
Products & Services of Haizz & Jakez
S/N Branches & Shop Number Area
Vision of Haizz & Jakez
Mission of Haizz & Jakez
3 Chapter Three
- Financial Analysis
- Current Ratio: Current Liquidity ratio is basically company current asset divided to
- Quick (Acid – Test) Ratio: Quick Ratio also measurement the liquidity of the company
- Net Working Capital Ratio: working capital ratio measure current asset minus current liability net working capital ratio determines organization has the proper asset against company
Provides guidance on how to finance the acquisition of an asset, including whether to invest in or through working capital. Company managers check financial information every time to make company report necessary financial analysis is a kind of reporting tool therefore financial analysis is always consulting with them about company's cash flow, company's profitability and other financial statements. Comparing the relationships between different pieces of financial data is the purpose of financial ratio analysis.
To calculate the financial ratio, the company can use financial statements such as the income statement and balance sheet statement. The purpose of the report is to analyze the financial statements for performance analysis of Haizz &. Liquidity Ratio: Liquidity can be gauged by the organization's ability to meet all the short-term obligations of the business.
Company needs to pay bills or daily transactions, so if liquidity is low, the day-to-day transaction will not be possible to pay. To identify quick ratio, find the company's current assets minus company inventory and divide by current liabilities. Cash Ratio: In terms of cash ratio, cash and cash equivalents, the cash ratio indicates whether a company is able to meet its short-term obligations.
Net Working Capital Ratio: Working capital ratio measures current assets minus current liabilities Net working capital ratio determines that the organization has the correct asset relative to the company's liabilities. The net working capital ratio determines that the organization has the right asset in relation to the company's short-term liabilities. Profitability ratio: profitability ratio calculates the organization's overall performance of Shareholder Value and profit is measured by profitability ratio. Efficiency ratios and profitability ratios are sometimes compared because of how the best way an organization used their asset to generate income.
1.Return on assets (ROA): For the financial year, ROA is calculated as the ratio of company annual net income to total assets of the Firm. it represents the efficiency in which assets are managed to generate net income for a company. 2.Return on equity (ROE): Net profit divided by equity is a company's return on equity, also known as return on capital. Debt ratio: Total company debt divided by total company assets, the result is a debt ratio.
4 Chapter Four
- Quick Ratio
- Cash Ratio
- Return on Equity
- Debt Ratio
Based on the above, the current ratio of Haizz & Jakez has only reached the standard three times in the last five years, and the other two years have not reached the standard, because in the fiscal years 2019 and 2022, the current ratio is only 1.88, and in the last year, the standard current ratio is 1 ,98. the ratio is 2:1, in this case the current ratio of Haizz & Jakez was not stable, it was not good last year either. Considering the table above, as can be seen from the result, the speed ratio of Haizz & Jakez in 2022 was 0.67. Considering the table above, as can be seen from the result, Cash ratio of Haizz & Jakez in 2022 was 6.3 and it has increased significantly in previous years.
So those two years working capital ratio was too low compared to the other years there. Based on the above ratio table, the graph shows that the return on asset of Haizz & Jakez was 7.23 in 2022, which was a decrease from last year. Based on the above ratio table, the graph shows that the return on equity of Haizz & Jakez was 20.96% in 2022, which was last year's decisions.
5 Chapter Five
- Findings
- Recommendations
- Conclusion
- References
So, after an analysis of Haizz & Jakez financial performance I point out some findings from my point of view. Haizz & Jakez Current Ratio that got back five years is pretty good except 2019 and 2022. In 2019 and 2022 the company's current ratio can't meet the standard but the company can easily meet the short term loans. Haizz & Jakez Quick Ratio 2022 did not meet the standard in 2022 quick ratio was 0.67 which is less than 1. in that case short term problems for company.
Haizz & Jakez Cash ratio in 2022 was the highest ratio that can easily pay against liabilities, but 6.3 is not an ideal cash ratio. Haizz & Jakez ROA situation means that the asset company should not focus more than 10% on ROE every year. Haizz & Jakez Return on Equity (ROE) not stable, so ROE ratio should increase for asset profitability Capacity.
The current ratio of Haizz & Jakez in 2019 and 2022 cannot meet the standard which means that the company suffers some problems to meet the current obligations. Haizz & Jakez Quick Ratio 2022 did not meet the standard in 2022 in that situation the company faces short-term problems also with high liquidity risk. Haizz & Jakez's cash ratio was the highest in most years, which is good, but it means that the company cannot use the company's cash efficiently. therefore it must use cash efficiently and effectively.
Haizz & Jakez Net Working Capital Ratio almost higher and it is ideal for the company and better position to meet the obligations of the creditors. Haizz & Jakez Debt ratio more than 50%, therefore the financial risk of the company is also higher, it is necessary to focus on the debt ratio. The company must reduce the higher risk and the reduction ratio should be lower than 0.5 to reduce the financial risk. Haizz & Jakez offers a variety of women's skin care and household products that are the main source of income.
The overall financial performance of Haizz & Jakez as a trading company is satisfactory but it is not one of the best trading companies in Bangladesh. The debt ratio of the company has been higher, so it is necessary to reduce borrowing and reduce financial risk, which can help achieve a risk-free position every year. Haizz & Jakez sometimes face liquidity problems, sometimes they can't meet short-term obligations, so in this case, short-term debts should be accepted, as well as a part of the available funds should be properly used.
