Organization
Navana Biponon Limited is a leading edge Health Medical Equipment Company based in Dhaka and Chittagong, Bangladesh and is acclaimed for its sales and after sales service.
Company Introduction
Biponon Limited came into being in 1996 as a specialized company in the field on Medical & Health Sector. This company comprises a team of experienced & trained Bio-Medical & Electro-Medical Engineers and also a group of skilled marketing professionals. Within a short span of time Biponon has already positioned itself as market leader in medical and scientific equipment. Also it has proved its reliability by providing its customer prompt and satisfactory after sales service. The area and departments where this company is doing business are Medical & Health Sector and has been successfully doing business in Ministry of Health, CMSD, DGMS, DGDP, Atomic Energy Commission, Probin Hospital, ICMH, Diabetic Association of Bangladesh, etc.
Biponon Limited has commenced its proceedings with a great motto to contribute in the countries Health Sector to improve its quality of various Diagnostics, Medical & Laboratory Equipment by supplying them various advanced and sophisticated scientific and medical equipment. The company has already executed a good number of supplies and an EC funded project worth approximately US $ 5.0 million, which is considered to be the largest single project of its kind.
Historical Backgrounds
Navana Limited, the flagship company of the Navana Group (previously Islam Group) was established in 1964 by then Group’s founder Mr. Jahurul Islam and had an auspicious step into the business under an exclusive distributorship agreement with TOYOTA of Japan to market Toyota cars in the then East Pakistan.
In the trading front, the Group has brought into existence a separate trading unit in 1996 namely Biponon Limited. This company commenced business in the potential field of Health and Medical Equipment Sector. And within a short span of one year since its commencement it was awarded with one of the biggest single tender under the Ministry of Family & Welfare, worth of US $ of 5.0 million to supply $ installation of Medical Equipment under EC finance.
The Management of the Navana Biponon Limited
Navana Biponon Limited is managed by the Board of Directors, a technical personnel and a Management Committee. The management of is simply exceptional in comparison to any other listed companies in this country. It has a blend of professionalism and wisdom, which plays a key role in managing the champion organization.
The Board of Directors includes:
- Mr. Shafiul Islam Kamal- Chairman
- Mrs. Khaleda Islam – Director
- Mr. Saiful Islam Shuman- Director
- Mr. Sajedul Islam- Director
Technical Personnel
The Technical personnel are accountable for both operational and Technical performance of the company. This committee is also responsible for policy adoption or changes, new project review, their technique.
Technical Personnel:
- Engr. Mahabub Quddus- Deputy Manager
- Md. Shahidul Islam- Service-Engineer
- Mr. Md. Nazmul Hasan- Service-Engineer
- Mr. Md. Mohiuddin- Assistant Service-Engineer
- Mr. Md. Asif Iqbal- Assistant Service-Engineer
The Management Committee
The management committee reviews and manages day-to-day business operation and recommends strategy options to the Technical personnel.
The Management Committee:
- Mr. Shafiul Islam Kamal- Chairman
- Mr. Saiful Islam Sumon- Director
- Engr. Malaya Mahanta- General Manager
Mission & Vision
Every organization has got mission & vision Navana Biponon Limited is not in difference. Its mission & vision have been given bellow:
Mission
“Each of the activities must benefit and add value to the common wealth of the society. We firmly believe that in the final analysis we are accountable to each of the constituents with whom we interact namely our employees our customers, our business associates, our fellow citizens and shareholders.
Vision
“ Our vision building a healthier tomorrow where our fellow citizens will live longer, healthier and happier. Our activities have always been centered on developed core competencies to deliver the best in the industry ensuring superior value and return to our customers.”
Product / Services
Product:
The company aims to import the most robust equipment in the domestic market. In 2006 twenty (20) products were launched in the domestic market. Some major are given bellow-
- M.R.I
- C.T. Scan
- X-ray
- Colour Dropler
- Ultra Sound
- C.R. Machine
- AGFA Film
Origin of the Report
Today, practical experience is as much essential as academic education that enables someone to be successful business executive especially in the competitive business environment. In order to gather knowledge and exposure, regarding the organizational culture and behavior, the business students have to involve with internship after the successful completion of their Business Degree.
To prepare this report, I have selected and got an opportunity to work as an internee in the reputed and well known organization Navana Biponon Limited a firm of Navana Group. I have chosen the topic “Comparative Financial Statement Analysis: A case study of Navana Biponon Limited” I tired to bring out the accounting and financial performance of Navana Biponon Limited based on their corporate financial reporting. I conducted the ratio analysis and compared them with the situation of the previous years. That will reveal the actual situation of the company.
Objectives:
“Our objectives are to conduct medical equipment business within the legal and social framework with aims to attain the mission reflected by our vision”.
Methodology:
To identify the financial performance of Navana Biponon Limited. Four analytical tools for financial statement analysis are taken into consideration. These are
- Ratio Analysis
- Statement of Changes in Equity
- Cash Flow Statement
Sources of Data:
The enter report is prepared depending solely on secondary data,
Taken from the Internet and annual reports of Navana BipononLimited.
No primary data are used for analysis.
NAVANA BIPONON LTD.
BALANCE SHEET
At the End of June 30, 2003
|
Particular |
Amount |
|
Non – Current Assets |
290,233,403 |
|
Property, Plant & Equipment |
163,623,850 |
|
Investment |
124,745,734 |
|
Pre- Production Expenses |
1,863,819
|
|
Current Assets |
97,242,746 |
|
Inventories |
67,769,429 |
|
Accounts Receivables |
4,943,237 |
|
Inter Project Current Account |
112,544,564 |
|
Advance, Deposit & Prepayments |
9,809,058 |
|
Cash and Bank Balances |
2,176,458 |
|
Total assets |
387,476,149 |
|
|
|
|
EQUITY AND LIABILITIES |
|
|
Capital and reserves |
(316,892,790) |
|
Issued Capital |
203,597,600 |
|
Tax- holiday Reserve |
4,156,589 |
|
Retained Earnings |
(524,646,979) |
|
Non Current Liabilities |
|
|
Long Term Borrowings – Net of Current |
|
|
Maturity ( Secured ) |
– |
|
Current Liabilities |
704,368,939 |
|
Short Term Borrowings – Secured |
370,571,751 |
|
Long Term Borrowings – Current |
– |
|
Maturity ( Secured) |
|
|
Inter Project Current Account |
– |
|
Creditors and Others Payable |
291,051317 |
|
Accrued Expenses |
3,089,711 |
|
Dividend Payable |
39,656,160 |
|
Total Liabilities and Shareholders’ |
|
|
Equity |
387,476,149 |
|
|
NAVANA BIPONON LTD.
BALANCE SHEET
At the End of June 30, 2004
|
Particular |
Amount |
|
Non – Current Assets |
282,402,881 |
|
Property, Plant & Equipment |
156,725,237 |
|
Investment |
124,745,734 |
|
Pre- Production Expenses |
931,910 |
|
Current Assets |
71,015,513 |
|
Inventories |
30,932,924 |
|
Accounts Receivables |
14,715,007 |
|
Inter Project Current Account |
13,116,534 |
|
Advance, Deposit & Prepayments |
9,026,618, |
|
Cash and Bank Balances |
3,224,430 |
|
Total assets |
353,418,394 |
|
EQUITY AND LIABILITIES |
|
|
Capital and reserves |
(41,087,336) |
|
Issued Capital |
203,597,600 |
|
Tax- holiday Reserve |
4,156,589 |
|
Retained Earnings |
(248,841,525) |
|
Non Current Liabilities |
|
|
Long Term Borrowings – Net of Current |
|
|
Maturity ( Secured ) |
180,052,000 |
|
Current Liabilities |
214,453,730 |
|
Short Term Borrowings – Secured |
136,766,833 |
|
Long Term Borrowings – Current |
|
|
Maturity ( Secured) |
22,504,000 |
|
Inter Project Current Account |
– |
|
Creditors and Others Payable |
27,119,019 |
|
Accrued Expenses |
3,498,470 |
|
Dividend Payable |
24,565,408 |
|
Total Liabilities and Shareholders’ |
Disclaimer: |