shares either fully paid or partly paid issued by the company | | mortgages issued by the company | | secured and unsecured notes issued by the company | | debentures issued by the company | | | 5. The main role of the trustee for debenture holders is to protect the interests of: | shareholders | | debenture holders | | directors | | auditors | | | 6. The main functions of the Financial Reporting Council include: I. overseeing the process for the setting of accounting
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‘Salomon’ principle. The facts of this case were that the owner of a business sold it to a company he had formed‚ in return for fully paid-up shares to himself and members of his family‚ and secured debentures. When the company went into liquidation‚ the owner‚ because of the ownership of the debentures‚ won his claim to be paid off in priority to other creditors‚ as the secured debt ranked at a higher priority to those debts and successfully proved that he did not have to indemnify the company in
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extracted from the books of Eavis plc on 31 December 2009: £000 £000 Sales 11‚700 Provision for depreciation: Plant 738 Vehicles 375 Rent receivable 100 Trade payables 738 Debentures 250 Issued share capital: Ordinary £1 shares 3‚125 Preference shares (treated as equity) 625 Share premium 250 Retained earnings 875 Inventory 825 Purchases 5‚963 Delivery
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The Companies Ordinance‚ 1984 THE COMPANIES ORDINANCE‚ 1984 (XLVII OF 1984) ********* CONTENTS ………… PART I - PRELIMINARY Sections Pages Preamble 1 1. Short title‚ extent and commencement 1 2. Definitions 2 3. Meaning of "subsidiary" and "holding company" 9 4. Ordinance not to apply to certain corporations 9 5. Application of Ordinance to non-trading companies with purely provincial 10 objects 6. Ordinance to override memorandum‚ articles‚ etc. 10 PART II-JURISDICTION OF
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required to finance investments in plant and machineries‚ inventory‚ accounts receivable and so on. A finance manager has to choose the most appropriate source of financing these activities from various sources available like equity‚ preference shares‚ debenture stock‚ term loans from banks or financial institutions‚ short term borrowings‚ supplier’s credit etc. The various factors determining the capital structure of a firm are as follows‚ a) Leverage or Trading on equity b) Retaining control c) Nature
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Managing Financial Principles TESCO Ltd. [pic] [pic] Zahid Iqbal ID: 8531 Abstract: This paper highlights different financial aspects of TESCO Ltd. Company. It identifies different sources of finance for the company. An overview of different financial ratios which represent liquidity‚ profitability and performance of the company. Then an investment appraisal has been developed for TESCO for further growth‚ development and expansion of the business. Table of Contents Abstract:
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(1)What (if any) are the problems confronting the company? MCI was committed to extending the reach and capacity of its network‚ and this needed to have external financing. However‚ facing new business environment‚ MCI is not sure whether their new financing to drive growth would be appropriate. In addition‚ MCI is looking for which way will be most effective financing. (2) How did the problems arise? Antitrust settlement between AT&T and the U.S Department of Justice in January 1982
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EFB210 Finance 1 Sample Question for Final Exam THE FOLLOWING INFORMATION RELATES TO QUESTIONS 1 - 5 Davo Corp Ltd is a large investment company‚ which has investments in two of the following industries: | Expected Return | Beta | Covariance with the Market | Standard Deviation | Mining | ? | ? | 0.068 | 0.50 | Transport | 0.14 | 1.5 | ? | ? | Building | ? | 2.0 | ? | ? | Alcohol | ? | ? | 0.032 | 0.35 | Market Index | ? | 1 | ? | 0.20 | The ten-year
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 STATE BANK OF INDIA. SBI Debt-Equity ratio : 12.43 (march’12) A high debt/equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense. If a lot of debt is used to finance increased operations (high debt to equity)‚ the company could potentially generate more earnings than it would have without this outside financing. If this were to increase earnings by a greater
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Introduction A Central Industrial Finance corporation was set up under the industrial Finance corporations Act‚ 1948 in order to provide medium and long term credit to industrial undertakings which fall outside normal activities of commercial banks. The State governments expressed their desire that similar corporations be set up in states to supplement the work of the Industrial financial corporation. State governments also expressed that the State corporations be established under a special
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