Subject: Submission of Internship Report on "A Study on Import-Export Analysis of Bleaching and Dyeing Factory in South China". With all due respect, the newspaper may like to inform you that The Study has published my internship report entitled: "A Study on Import-Export Analysis of South China Bleaching and Dyeing Factory" in South China Bleaching and Dyeing Ltd. has completed. an unfathomable pleasure to declare that the anticipated report entitled “A Study on the Import-Export Analysis of South China Bleach and Dye Factory” has been completed by Gazi Ashiqur Rahman ID MBA Program, Faculty of Business and Entrepreneurship, Daffodil International University, Ashulia, Savar, Dhaka under my supervision and guidance.
In international trade, the import and export of goods are limited by import quotas and authorizations of customs authorities. South China is a reputable company based in DEPZ. The study might be able to help us understand the various necessary aspects of import in Golden Crown limited. In addition, the report discusses the current situation of South China bleaching and dying factories and their activities.
Finally, I found that they are employed in the bleaching and dying factory of South China, and the management is always ready to help their customers in any situation. To recognize the main importance of the current situation of the South China bleaching and dyeing factory.
Methodology of the Study
Primary Sources: The data is collected from the three month intern while they were working and learning there.
Literature Review
Import in garments sector in Bangladesh
Every country has a surplus and deficit, and imports are the way to manage their deficit. H (2020) this article analyzes the effect of exchange rate volatility on trade in Bangladesh to find the export, import risk and leverage impact. A significant determination of the current study is that GARCH models examine that exchange rate volatility creates a negative effect on trade, but the EGARCH model examines that there is no leverage effect in the country under study.
Moreover, the result of this study is intended to support the economic hypothesis and activities in the emergence of the economy of Bangladesh. This research shows that the entire trading volume will be increased in terms of time and stability in macroeconomic variables. Due to the continued decline of capture fisheries, a significant percentage of total production comes from fish farming.
Hilsha (Tenualosa Elisha) is the largest single-category fishery in Bangladesh creating the largest contribution to the country's total fish production. This article highlighted the input of fisheries production in Bangladesh and trade to the country's economy. The findings of this article reveal that there are long-term and short-term relationships between traits.
The results indicate that there is a positive impact on GDP through both imports and exports. The analysis has significant implications from the point of view of the economic and financial improvement in Bangladesh. Alam, M et al (2009) the result of this paper shows that the imports of Bangladesh burden the internal manufacturing very little because Bangladesh mostly imports consumer goods more than capital goods.
The study analyzes the continuation of gravity theory with eight major trading partner countries – India, China, Singapore, Japan, Hong Kong, South Korea, USA and Malaysia for Bangladesh's imports. The dataset contains annual data from 1985 to 2003. in a panel approach.
Garments sector in Bangladesh
Chapter-3
An overview of South China Bleaching & Dyeing Factory Ltd
- Physical Infrastructure
- Product quality management system
- Raw materials
- Golden Crown
- SWOT analysis of South China Bleaching and dying factory
South China Bleaching and Dyeing Factory is one of the leading woven dyeing factories in Bangladesh. The golden crown company of Hong Kong is the umbrella company that started this business in Bangladesh with the right south china bleaching and dyeing factory. They import their machinery from Germany, Italy and the USA and take direct supervision of suppliers to ensure superior quality.
They check the quality of the product in four different steps and promise their customers top quality. First, the general manager checks the customer's sample and sends it to their labs, and the sample is prepared by the dying master and sent back to the customer for approval. The dying master's assistant takes over the responsibility and hands it over to the production manager.
Then dying master checks the quality and finally General Manager checks the result and places delivery. The capacity of the process should be maximized by maximizing the degradation time should be reduced 20% from standard. South China Bleaching and Dyeing Factory is also a sister organization which has the ability to lead other organizations due to its core competence.
There are several factors listed below to identify or examine their internal and external environment. Strength: their internal toughness and capabilities that help them produce a product, deal with rivalry, in a word, their core competency. Weakness: their internal weakness, in which sector they have some weakness or still opportunity to build up.
Opportunity: The facilities or backup they enjoy from their external environment, in a word benefits, come from outside the organization.
Analysis and Discussion
Import and export situation of the south china bleaching and dyeing factory
Their activity is export oriented, they import raw materials like yarn & greige fabric along with chemicals and spare parts and process them to produce finished goods and finally they export their finished goods. And the chart and graph shows their contribution to imports and exports for three years. In 2019 they import 37.76 million raw materials and export 59.70 million which is remarkable and they use their resources properly.
Productivity analysis of South China
Chart Title
Trend Analysis
Trend analysis is an appearance of technical evaluation that struggles to predict the future transport of a company's financial situation based on past data. Liquidity Ratio: Liquidity ratios measure a company's ability to pay debt liability and its margin of safety by calculating metrics including the current ratio, quick ratio, and operating cash flow ratio. Assumption: If organizations follow conservative rules, keep the more liquid assets in their hand, they will lose more investment opportunities.
Besides, if they follow aggressive rules, they keep smaller amounts of liquid assets, they will have trouble managing their liabilities. This indicates that during the period, South China greatly increases its capacity to pay its current liabilities by using its current assets. But all the years' ratios are less than 2, indicating that they are in a risky position in the current ratio.
Working capital
Liquidity ratio
Profitability ratio
And the return on assets is also not so good that it can increase their efficiency with proper management. Net profit margin shows their ability and return on asset shows how efficiently they use their assets to turn them into income.
RMG sector in Bangladesh
Factor affecting Import and Export of South China bleaching and dyeing factory
Import and
Exchang e Rate
Porducti vity
Domesti c GDP
The term indicates that if the country experiences substantially high inflation, domestic households and organizations are likely to purchase a significant number of imports. However, a decline in inflation would increase the country's international competitiveness and is likely to lead to an increase in exports and a reduction in imports. The inflation rate in Bangladesh is stable and this is an opportunity for this company.
This will probably increase the value of its exports and decrease the amount spent on imports. The more effective a country's workers are, the lower the unit labor costs and the lower the price of its products. An increase in efficiency will probably lead to a greater number of households and organizations buying more of the country's products – so exports should increase and imports should decrease.
A decline in the standard of one country's products, relative to the products of other countries, would damage the country's remaining trade in goods and services. The amount of commercialized exports depends not only on their standard and price, but also on the efficiency of domestic organizations in marketing their products. Likewise, the amount of imports purchased is affected by the effectiveness of marketing carried out by foreign firms.
Companies are likely to buy more capital goods raw materials and, and some of these will export from abroad. The increase in domestic demand may also encourage some domestic organizations to switch from the foreign to the domestic market. A relaxation of trade restrictions abroad will make it easier for domestic organizations to trade their goods to other countries.
Findings and Recommendations
- Findings
- Factor affecting Import and Export: There are some opportunity and some threats come from the countries situation. Overall the firm is in a favorable
- Profitability: Their profit is increasing because of their increasing export and increasing sales. Besides return on asset and net profit margin ratio shows they
- Recommendations
- Productivity: productivity could be increase by using equipment properly and maintain discipline like the right people in right place
- Liquid ratio: they should increase their liquid ratio otherwise they could lose customers due to failure to meet liabilities obligations
- Working capital: they should maintain a proper strategy to manage their working capital. Because their working capital management seems weak
- RMG sector in Bangladesh: Government should decrease rules and regulations and provide more opportunities to motivate the RMG industry in Bangladesh
- Factor affecting Import and export: They should focus on countries environmental situation like economic, political, legal, technology to avoid
- Profitability: The analysis shows their net profit ratio is in a moderate situation they should decrease their cost
- Conclusion
Where Import-Export Analysis, Financial Statement Analysis and Industry Analysis of Bangladesh RMG have been implemented. Import and Export: There was an increase in their import-export activities and due to Covid-19 in 2020 there was a decline. RMG Sector in Bangladesh: Every year the country increases its exports in this RMG sector.
Factor Affecting Import and Export: There are some opportunities and some threats come from the situation in the countries. This part depends on the findings of this paper and the recommendation also depends on analysis and personal opinion. Import and Export: They can increase their import-export activities through proper management and strategy.
Liquidity Ratio: They should increase their liquidity ratio otherwise they may lose customers due to default. RMG Sector in Bangladesh: The government should reduce the rules and regulations and provide more opportunities to motivate the RMG industry in Bangladesh and provide more opportunities to motivate the RMG industry in Bangladesh. Factor affecting import and export: They should focus on the environmental conditions of the countries such as economic, political, legal, technological to avoid the environmental conditions such as economic, political, legal, technology to avoid uncertain risk that comes from outside the organization.
Profitability: The analysis shows that their net profit ratio is in moderate situation, they need to reduce their cost. Import and Export is the characteristic that helps a country to cover its deficit and provide its surplus. The result of this paper indicates that South China's bleaching and dyeing factory has sufficient resources to improve its current situation.
And the result shows that they are skilled in this industry but in some sectors they should improve for their future expansion.
Bibliography
