Preview

Kiriazi memo

Powerful Essays
Open Document
Open Document
4842 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Kiriazi memo
Credit Package
Cairo on : 07/05/2014 To : Egyptian Banking Institute
Client Name : Kiriazi Company for Engineering Industries Group Name : Kiriazi Group
Sector of Activity: Manufacturer of home appliances Legal Status : Joint Stock

Prepared By: Marwa Ramadan
Emam Gad
Mohamed Rabaey
Ahmed Kamal
Ahmed Mohsen
Ahmed Amin
Ahmed Belbesy
Mohamed Shazly
Waleed Serag
Khaled Helmy

Background
A. Brief and Overview:

KIRIAZI Company for Engineering Industries is an Egyptian joint stock company incorporated in 1996 according to law no. 230 for the year 1989, which was replaced by law no. 8 for year 1997. The company is registered under no. 295403 on 9th of May, 1996.

Our subject is an industrial company, which began its production in 1996. The company is engaged in the manufacture, wholesale trade and distribution, and servicing of refrigerators, freezers, washing machines and cookers.
The plant is constructed over an area of around 125000 m2 in Belbeis, Sharkia governorate.
The company belongs to Kiriazi Group, owned and managed as a family business by Mr. Kiriaco StephoKiriazi and his family members, who enjoy a vast experience in the home appliance business.
The subject`s authorized capital is EGP 200 Mio with issued and paid-in capital for EGP 100Mio, distributed among members of the family as follows:-
(Figures in EGP)
Name of Shareholder
Value
Percentage of Ownership
Shareholder One
26,700,000.00
26.70%
Shareholder Two
20,000,000.00
20.00%
Shareholder Three
16,670,000.00
16.67%
Shareholder Four
13,330,000.00
13.33%
Shareholder Five
7,220,000.00
7.22%
Shareholder Six
3,610,000.00
3.61%
Shareholder Seven
3,330,000.00
3.33%
Shareholder Eight
3,330,000.00
3.33%
Shareholder Nine
3,330,000.00
3.33%
Shareholder Ten
2,500,000.00
2.50%
Total
100,000,000.00
100%

B.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    The following data relate to the operations of Proctor Corporation, a wholesale distributor of consumer goods:…

    • 434 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Cologne Haefren Baum Case

    • 924 Words
    • 4 Pages

    Although the sales of the company have declined significantly their cost of goods sold has remained high, especially between 1994 and 1995 the company had a decline in sales and an increase in cost of goods sold. This is evidence the company is having problems passing costs to its consumers. The company is not very asset intensive and its decrease in total asset turnover can be due to their decrease in sales, however their rather low total asset turnover which is also decreasing from 2.1 to 1.5 shows their assets are not being used very efficiently. As a result of their sales decrease their Fixed Asset turnover also decreased from 7.0 to 5.4. The decrease in sales and increase in competition also means more shelf time for their inventory which has increased from 103 to 129, which makes Haefren Baum’s price cutting strategy questionable. The company is already experiencing a loss of revenue due to their lower prices; however this is not stimulating the number of different sales because the inventory is sitting in the…

    • 924 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    memo

    • 973 Words
    • 4 Pages

    Dec 27, 2010, communicated the main features of a one-time, nonvoluntary termination plan to its employees. The reduction includes approximately 120 employees, which represents 10 percent of workforce without identified the specific employees. The workforce reduction is expected to be completed by Jan 31, 2011, and is expected to cost approximately $3 million.…

    • 973 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Unit 2

    • 1441 Words
    • 6 Pages

    Scenario:You are going to interpret a given setof financial information on aselected organisation. Domestic Dog Homes specialises in supplying pet bedding for dogs in a range of sizes from miniature to giant dog size. They also cater for all ages, ie puppies to mature dogs. They stock innovative items such as dog tents for owners who like camping, and incontinence beds for mature dogs which do not leak and can be washed every day for a year.The company has a lot of competition, in particular from large companies like Wilsons and Pets at Home. However, due to the specialist nature of their products, they are continuing to survive. They are now interested in expanding their range to include brand new products from a leading designer which they feel will complement their current range. Before they take the plunge, they would like details of the state of their finances.…

    • 1441 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Mat 540 Quiz

    • 4733 Words
    • 19 Pages

    Read the case study below “Harvey Industries”. Provide reasoning for the current financial distress of the company and make recommendations for improvements to the new company president. Include at least one specific recommendation for both Supply Chain Management (chapter 5) and Inventory Management (Chapter 6), as well as any other recommendations you deem necessary from your reading. Provide your recommendations in a 2-4 page APA style paper.…

    • 4733 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Mr. Joe

    • 2086 Words
    • 10 Pages

    Tangible outputs will that of competed tax forms, inventory and cost reduction plans, and new tools in reducing the amount of money spent on things such as manufacturing overhead and calculation of depreciation. The firm will need me to create a reliable…

    • 2086 Words
    • 10 Pages
    Good Essays
  • Better Essays

    Memo

    • 1081 Words
    • 5 Pages

    After reading the scenario between Ms. Woodside and Doyle Contractors the following are the conclusions I have come to.…

    • 1081 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Memo

    • 408 Words
    • 2 Pages

    1. Lou Zar's action regarding to sewing a replica of the U.S. flag to cover the backside/seat of his uniform pants was not unconstitutional. There needs to be compelling reason to restrict Lou from wearing that uniform that caused negative emotion. It would be unconstitutional if the government restricted Zar from wearing his uniform without a compelling reason. The government cannot prove that Zar's intentions were to commit or threaten any act of violence through his speech. It is true that Zar's action caused other people to get angry at the message he was trying to send and caused violence against him. But, Zar had every right to express his message by wearing his uniform. Also, there was no evidence the people are provoked by the uniform…

    • 408 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    memo

    • 533 Words
    • 3 Pages

    With the development of medical science and medical technology, high-tech medical devices, which come out constantly, help caregivers stay informed about new equipment and principles of work performance, safe use of new equipment, and other issues that are increasingly prominent. Meanwhile, the poor attitude of staff during training is also a big problem. If you follow several of the following recommendations, I think you could shape the enthusiasm of the employees to receive training at the same time, enabling employees to better understand usage of integrating computer technology into the work practices of health care professionals.…

    • 533 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Pacificorp Case

    • 607 Words
    • 3 Pages

    Warren Buffet made a very promising choice to purchase PacifiCorp back in 2005 according to my investment analysis.…

    • 607 Words
    • 3 Pages
    Powerful Essays
  • Satisfactory Essays

    Common-Sized Financial Data and Ratios Assets Health Products Beer Computers Books & Music Paper Tools Retail Newspapers A B C D E F G H I J K L M N O P Cash & Short Term Investments 24.2 16.1 1.4 55.6 42.2 67.9 54.8 16.2 7.6 5.9 9.3 6.5 4.6 7 0.6 1.1 Receivables 12.8 8.1 4.3 11.9 19 13 nmf 2.3 8.8 10.9 18.9 23.7 1.4 17 4.6 9.9 Inventories 7 5.4 4.3 11.7 2 1.3 14.8 38.6 7.9 14.4 17.8 14.9 24.5 16.7 0.8 0.8 Current Assets - Other 7.2 2.5 1.3 2.4 9.5 5.5 8.6 2.6 3 1.4 7 6.9 1.5 2.5 0.7 3.8 Current Assets - Total 51.2 32.1 11.2 81.7 72.8 87.6 78.2 59.7 27.2 32.6 52.9 52.1 32 43.1 6.6 15.5 Net Fixed Assets 19.6 14.9 54.7 16 7.3 8.8…

    • 667 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    The case sheds light on the management of a firm looking to improve on their order process by making it more efficient. The firm is fairly large having about five different production facilities which manufacture chemicals used in plastics, fibers, and coatings in the south eastern region of the United States.…

    • 2692 Words
    • 11 Pages
    Better Essays
  • Good Essays

    Price Earnings Ratio

    • 957 Words
    • 4 Pages

    The P/E looks at the relationship between the stock price and the company’s earnings. The P/E is the most popular metric of stock analysis. A valuation ratio of a company's current share price compared to its per-share earnings. For example, if a company is currently trading at $60 a share and earnings over the last 12 months were $2 per share, the P/E ratio for the stock would be 30 ($60/$2). The earnings multiplier can be computed as follows:…

    • 957 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Some of the characteristics of the industry in which this company operating are as given below…

    • 2126 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Star Health Magazine

    • 3534 Words
    • 15 Pages

    Mr. Syed Mohamed Salahuddin Chairman - Emeritus. Managing Director of ETA ASCON and ETA STAR group of Companies in Dubai, U.A.E. Mr. V. Jagannathan Chairman-cum-Managing Director with over 40 years of experience in Insurance Industry. Mr. D. R. Kaarthikeyan Held various prestigious positions including Chief of Special Investigation Team, CBI; Director of Police Academy, Mysore; Chief of Intelligence and Director General of National Human Rights Commission. He was the Chairman of the Special Task Force instituted by the Government of India in the Rajiv Gandhi assassination case. Mr. Essa Abdullah Al Ghurair Member of the prominent Al Ghurair family in the U.A.E. Dr. M. Y. Khan Former Chairman of Jammu & Kashmir Bank Ltd. Mr. Mohamed Hassan Prominent Educationalist and Industrialist Mr. V.P. Nagarajan Executive Director of ETA Ascon and ETA Star Group of Companies in UAE Mr. Dinesh Chandra Gupta Former Finance Secretary, Government of India and Member, MRTP Commission…

    • 3534 Words
    • 15 Pages
    Powerful Essays