Equities Hong Kong/China Company Report Initial Coverage Nine Dragons Paper (2689 HK) 23 July 2013 China / Industrials / Paper From fast expansion to debt reduction We initiate coverage on Nine Dragons Paper (ND Paper) with an ACCUMULATE rating and a target price of HK$5.4‚ suggesting 11% upside potential. The rapid capacity expansion stage is coming to a slow down and the company is expected to focus more on debt reduction and raising profitability. Entering 2H
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damages for failing through years of audits to detect massive fraud at a now-defunct Florida mortgage company. "They certainly did not do their job‚" said attorney Steven Thomas‚ who represents those suing Deloitte. "This is one of those cases where the red flags are staring you in the face‚ and you’ve got to do a lot‚ and they did not." Deloitte spokesman Jonathan Gandal responded that the company rejects the claims‚ calling them "utterly without merit." The lawsuits were filed in Miami-Dade Circuit
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Recommendations ➢ Suggestions to performance measurement system: 1) ROI can be used combination with other performance measures to avoid the limitations of ROI. The company can establish a non-financial performance measurement system such as the balanced scorecard .With a good performance measurement system‚ the incentive compensation plan will be improved. (2) EVA ( Economic value added) can be used instead of RO ➢ Suggestions to improve the existing incentive compensation plan. ➢ Suggestions
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If they are to conduct the Smallco Graphics business through a company‚ a very significant of the advantages will be the separate legal entity‚ which means that from the view of the law‚ a company is treated as a separate person. Hence‚ the debts of the company will be limited to the amount remaining unpaid on the members’ shares. This is also called “limited liability” of the members. Apart from the limited liability‚ a company has a perpetual succession‚ meaning that it is a continuing entity
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http://www.scribd.com/nikunjj_1/d/70869811-Solution-to-Wilkerson Management Accounting for Multinational Companies Solution to the Wilkerson Case Igor Baranov Executive Summary Taking into account the difference among product and high proportion of overheads‚ Wilkersonshould abandon its existing cost system and move to activity-based costing. The profitability analysisindicates that the company earns healthy margins on pumps and valves. However‚ the margin of flow controllers at actual usage of
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Composition of BOD As of March 2009‚ five out of nine BOD members are independent directors to ensure the independency and transparency of the Board’s decision-making process. The composition changed from seven independent directors to the current five outside directors as decided in the 2009 Regular General Shareholders’ meeting in order to more flexibly respond to rapidly-changing business environments and enhance the operating efficiency of the BOD. Under the Articles of Incorporation‚ the Outside
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effective way. It analyses the formation of the system‚ the standards it applies‚ products and customers‚ the business partners and the benefits it brings to the supply chain as a unit. The data for analysis is from literature from books‚ journals and company websites. The recommendation and conclusion on the role of the GS1 system is finally provided at the end of the paper. Introduction Standard are agreements that structure any activity or organizational operations in an industry. They
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Q: 2 Do you have an internet banking facility with you? * Yes * No Q: 4 How often‚ do you use internet banking for the transaction purposes? * Occasionally * Frequently * Never * Often * Very often Q: 5 To what extent do you prefer the use of internet banking over Credit card/Debit cards? Very Much 1 2 3 4 5 6 7 Not Much Q: 6 Following are some factors which affect the preference for the use of internet banking services. Please tick the appropriate option 1. Strongly
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| | | | |Sole Proprietorship |Partnership |Un-incorporated Associations |Companies | | | | | | | | |
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mendelsohn@hud.ac.uk • • • • • Corporate personality Artificial‚ separate legal personality Registration at Companies House Limited liability Salomon • Issues arising from separate‚ artificial legal personality A. PROMOTERS • Background • Definition - no statutory definition - 2 common law definitions • Twycross v Grant (1877) 2 CPD – someone who “undertakes to form a company with reference to a given project‚ and to set it going and… takes the necessary steps to accomplish that purpose”
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