In the matter of Re MOLOPO ENERGY LTD; MOLOPO ENERGY LTD v KEYBRIDGE CAPITAL LTD‚ an analysis into the division of powers between the members of a company and its board of directors was completed as well as the protection of interests of a company’s creditors. This case touched on these two issues in the context of reduction of capital under section 256B of the Corporations Act (2001). The Facts In this case‚ the Supreme Court of New South Wales found that the power to effect a capital reduction
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respectively‚ showing HWL’s relatively medium dependency on debt . With approximate interest coverage ratio of 4.96 and an A3/A+ credit rating from Moody’s and S&P respectively‚ HWL was considered to have a relatively low default risk. As stated in the case‚ HWL had “drawn on short-and medium-term loan facilities underwritten by banking syndicates for external financing”. Prior to June 1997‚ the longest debt maturity HWL had offered was 9 years including subsidiary loans. Looking at HWL’s long term liabilities
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Contract law The legal issue of the case Deep Blue Pools Ltd is a company that manufactures and installs high-quality swimming pools. It contracted with Gainsborough Construction Ltd to build swimming pools for ten luxury properties. In the contract they specified that the depth of the pools should be 2.4m‚ but after their installation‚ it became clear that each pool was shallower by 25 to 50cm at different points. Deep Blue Pools Ltd received £265‚600 to do the work. However‚ after their installation
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Problem/Issue: The MD of Nirmal Rayon has to decide whether to expand the capacity to 7500 tonnes. The MD wants to get reliable volume forecast for the next ten few years to make the decision. Situation Analysis: i) Textile Industry: The volume forecast has been calculated using chain ratio method. The estimates given by consultant have taken the following assumptions which seem valid: a) Per capita consumption – Keeping the past scenario in mind‚ the estimate of 14.5 meters seems pretty reasonable
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Computer Peripherals Description: The computer peripherals industry is rapidly evolving‚ driven by the need to adapt to changes in the market environment and the technological landscape. This has meant that companies today have to be nimble and constantly innovate on their offerings and business models. These present day requirements have already led to Printers and Multi Function Printer (MFP) product companies to offer services around optimizing printing infrastructure‚ printing and imaging
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In 1929‚ by Sri Mohan Lal Dayal‚ PARLE founded at Bombay. Then Sri Narottam Chouhan added confectionary plants inside PARLE. PARLE has big oven in ASIA. Daley production is 200 Ton. Parle Products has been India’s largest manufacturer of biscuits and confectionery for almost 80 years. Makers of the world’s largest selling biscuit‚ Parle-G‚ and a host of other very popular brands‚ the Parle name symbolizes quality‚ nutrition and great taste. With a reach spanning even to the remotest villages of
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Question 1 What challenges confronted BAL in 1993? 1. Economic forces By the 1990s‚ the Indian economy was undergoing structural change‚ and imports were largely unregulated. Since 1990‚ consumers had felt the pinch of recession‚ inflation had averaged 13%‚ interest rates had shot up‚ and consumer purchasing power had dropped considerably. In 1993‚ demand for two-wheelers had declined substantially‚ the Indian two-wheeler vehicle industry suffered from chronic overcapacity due to the economic
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Introduction Li & Fung is a listed company in Hong Kong‚ therefore it should comply with the relevant regulation‚ e.g. Listing Rules‚ HK Companies Ordinance and Hong Kong Financial Reporting Standards. Now we are going to discuss whether the information provided in its interim reports for the period ended 30 June 2010 is comply with the relevant regulation and sufficient to enable investors to make investment decisions. Management Discussion & Analysis In this aspect‚ basically the disclosure
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_________________________________________________________________________________________ Case Write-Up : CREATIVE ADVERTISING: SUNDAY COMMUNICATION LIMITED 1 2 3 The graph shows that for 1998 - 1999‚ Sunday had a substantial growth in market‚ mainly attributing to its view of MNP as an opportunity to lure subscribers away from competitors through Creative Advertising The graph shows that for 1998 - 2005‚ Sunday had spent less year on year on promotional activities‚ but could
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given under Schedule 2 of the CCR where point (l) says that‚ “where a right to cancel exists‚ the conditions‚ time limit and procedures for exercising that right in accordance with regulations 27 to 38 are to be provided.” Thus‚ Tina Electronics Europe Ltd. was required to inform Jammie of the conditions under which he can terminate the contract. They were also required to inform him that he had fourteen days to cancel his order even after delivery and acceptance of the mobile. The seller was also required
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