“Financing of working capital by bank & the banking regulations” Ms Prachi Jain Ms Rajni Sinha (Assistant professor- Amity College of Commerce and Finance- Amity University – Noida) Working capital is that portion of a firm’s capital which is employed in short term operations. Current assets represent Gross Working Capital. The excess of current assets over current liabilities is Net Working Capital. WORKING CAPITAL FINANCING BY BANKS Credit facility provided by commercial banks to meet
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Northwest Coast Tribal Masks This paper describes the Sea Bear Transformation Mask‚ created by Don Svanvik in 2000‚ and how it reflects Northwest Coast Indian art and culture‚ specific to the Kwakiutl tribe. A transformation mask is a large mask with hinged shutters that‚ when open‚ reveal another mask. Audrey and Alan Bleviss gave this mask to the Montclair Art Museum in 2005. The medium consists of red cedar‚ cedar bark‚ copper‚ pigment‚ and string. In the Montclair Art Museum‚ the mask is displayed
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East is East is a film about a Half-Pakistani family lives in England. The father‚ George/Jahangir Khan is from Pakistan and wants his children to feel connected to his home country. Ella Khan however is the mother of the family and is from England. Because of this there is a struggle for the seven children to find their identity. Mr. Khan expects his children to follow his strict Pakistani Muslim ways‚ but the children does not really feel like they belong to Pakistan. After having lived their whole
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mobile-telecommunications‚ the corporation built its new identity with only mobile-telecommunications as its operative sector and core business. This report deals with the company’s establishment‚ its diversification and internationalization and finally the issues that led to its divestment from other interests and retention of mobile-telecommunication as its core business. History of Nokia The company was first started as a paper manufacturing firm by Fredrik Idestam at Tammerkoski Rapids in south-west
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keeping many businesses afloat. The bond market is another environment where debts are issued and taken up by investors. As a capital market it is concerned with loans with long-term maturities (5-30 years) and companies use them to invest in new facilities etc. thus increasing growth opportunities. Bonds long-term maturity makes an active secondary market essential. Most bonds pay a rate of interest (usually semiannually) known as a coupon but zero-coupon bonds (which do not pay interest but‚ like
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IMPORT FINANCING Background Like other developing countries‚ Pakistan’s import bill exceeds exports. Therefore‚ it faces scarcity of foreign exchange to meet its import requirements. According to daily “DAWN” dated 18th November 2012‚ Pakistan’s foreign exchange reserves were USD 13.84 Billion at the week ended as on 9th November 2012. Gap between the import and export bills is partially covered by regulations‚ controls and measures exercised by State Bank of Pakistan and partially by the
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Chapter 6 Bond Valuation 6.5 Duration and Convexity Problem Given a 4-yr treasury bond with a face value of $1‚000‚ an annual coupon rate of 3.20%‚ which had a yield to maturity of 2.53%‚ this bond makes 2 semi-annual coupon payments. Thus has 8 periods until maturity and we are required to determine what the duration‚ modified duration‚ and convexity of this bond is‚ based on the Annual Percentage Rate (APR) and the Effective Annual Rate (EAR). Also‚ we are asked to explain an intuitive interpretation
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Kent Spencer Finance 550 Professor Ahn May 12‚ 2013 Mini Case Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle DellaTorre‚ a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she
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Ruskin Bond Ruskin Bond‚ born 19 May 1934 in Kasauli Distt Solan‚ is an Indian author of Britishdescent.[1] He is considered to be an icon among Indian writers and children’s authors and a top novelist.In 1992 he received the Sahitya Akademi award for English writing‚ for his short stories collection‚ "Our Trees Still Grow in Dehra"‚ by the Sahitya Academy‚ India’s National Academy of Literature[2]. He was awarded the Padma Shri in 1999 for contributions to children’s literature. He now lives with
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The movie East is East takes place in Salford‚ Manchester in the early seventies. The family Kahn owns a fish and chips shop on the corner. The father George Kahn‚ tries to raise his 7 children as good Muslims. But the job is not easy when he has to please both his British wife Ella and the Pakistani community. When his oldest son rejects to get married and leaves the bride at the altar‚ Georges world seems to collapse‚ but then he gets an idea. He can marry off two of his other sons and get
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