C A S E 3 Asian Journal of Case Research 4(S): 27 – 44 (2011) Flight of Funds MOHD NOOR ABU BAKARa‚ MARIATI NORHASHIMb* AND ABDUL HAMID MOHAMED GHOWSc ABSTRACT In 2006‚ Malaysian Travels Sdn Bhd‚ a subsidiary of a public listed company‚ purchased 40% equity in Turkistan Global Services Sdn Bhd on the basis of a project paper which outlined a potential travel business to exploit opportunities in Turkistan. Turkistan Global Services Sdn Bhd purported to have acquired the opportunity through a Memorandum
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What WB’s chit fund scam is all about The depositors‚ mostly poor people in villages and small towns‚ had put their hard-earned money with the company’s chit funds lured by the promise of high interest rates. KOLKATA: The Saradha Group chit fund scam that left scores bereft of their savings‚ has Mamata Banerjee’s Trinamool Congress in a tizzy with the chief minister putting the onus on the Left and some even trying to cover up the mess. Sudipto Sen‚ the promoter of the chit fund funded by the
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millions of animals worldwide. Through poaching and obliteration of nature‚ humans have managed to diminish the very place they call home. There are charities such as the World Wide Fund for Nature with the motive to halt and reverse the annihilation of the environment. The international organization World Wide Fund for Nature works on issues regarding conservation‚ research‚ and restoration of the environment. The WWF was formed on April 26‚ 1961‚ when a small group of passionate individuals
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Synopsis The Galleon Group was a privately owned hedge fund firm that provided services and information about investments. The group was founded in 1997‚ and attracted employee’s from Goldman Sach’s and Needham & Co. The company made its profit and other companies by choosing stocks carefully. Raj rajaratnam was an analyst for Needham for 11 years before leaving to start Galleon Group‚ he took several employee’s from his previous
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1. What are the five major categories of ratios‚ and what questions do they answer? * Liquidity: Can we make required payments as they fall due? * Asset management: Do we have the right amount of assets for the level of sales? * Debt management: Do we have the right mix of debt and equity? * Profitability: Do sales prices exceed unit costs‚ and are sales high enough as reflected in NPM‚ ROE‚ and ROA? * Market value: Do investors like what they see as reflected in P/E and
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Read the case "Tactus Tackles Fund-Raising" at the end of Chapter 8 and answer the questions that follow: 1. Craig Ciesla and Micah Yairi eventually turned to friends and family for funding. Should they have done that first? What are the risks with raising money from such individuals? Many us have heard don’t borrow money from family or go into business with friends. In the case of Tactus fund-raising‚ they faced many financial obstacles in raising their capital. Craig and Micah did the right
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Analyzing the Distribution of WIC Funds WIC is an organization that stands for Women’s‚ Infant’s‚ and Children’s Supplemental Nutrition Program and was established in 1972 (Martinez-Schiferl‚ 2012). This program is federally funded and does as much as it can to help as many women and children as possible. Its goal is to help prevent health problems among infants and children under five years of age within low-income families (Overview: NWICA‚ 2011). The WIC program is active in many provinces
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Strengths and limitations of different assessment methods Assessment Method | Strengths | Limitations | Direct Observation | Allows the assessor to see the candidate in action and may be able to cover several aspects of the qualification during a single session (see also Holistic)The observation can take place while the candidate’s normal work place so there is minimal disruption as they are able to continue to do their job while being assessed. | A fixed date and time must be arranged to suit
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there has enough demand for the new product W. Qualification When the company fully uses the production capacity‚ it can produce and sell all products. The company should be confident that this is possible at present and in the future. Limitation of breakeven analysis 1. Breakeven analysis can be used for the company which produce only single product. 2. Breakeven analysis is valid within short period of time. Because any of the elements change. It would lead to the change of breakeven
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Discuss problems and limitations of warfarin and heparin therapy‚ and show how these might be overcome by the new generation of direct oral anticoagulants. Anticoagulant drugs are used to prevent thrombosis in patients at long-term risk‚ in non-thrombotic patients when a high risk situation occurs and to treat established thromboembolism. The main anticoagulant drugs currently in use in the UK are warfarin‚ heparin and various analogues of heparin. These drugs are effective in the treatment and
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