Financial Anaylsis of ASMAK Company Research Paper

Financial Anaylsis of ASMAK Company - Research Paper Example The company sets high objectives for itself and strives to be the leading company in the field of aquaculture. Until recently, ASMAK management have decided to diversify its business activities in other fields like real estate, consultancy services, etc. ASMAK suffered a huge setback financially in the year 2011 and its sales revenues declined significantly. Hence, it has been involved in borrowing money to recover its profitability position, thereby increasing its debt exposure considerably. However the company has huge opportunities available which can be explored effectively to make huge gains from it. The company is recovering at a fast rate and might be requiring more money which they would have to borrow in the upcoming future. Introduction International Fish Farming Holding Company, commonly called as ASMAK is a well reputed fish farming company in the Middle East. It is a multinational public company located at Abu Dhabi. . The company has been studied it details and has been discussed in this study. First of all a brief overview about the company affairs have been mentioned in this study. Next the company objectives and the business activities followed by the company have been discussed in details in this study. The strategic plans of the company’s management in future have also been studied. ... The economic environment of the country and how it had an effect on the company has been mentioned in the study. A detailed analysis of the aquaculture industry and its market in UAE and abroad has been carried over in this study. Various types of financial risks associated with the company have also been discussed in this study. The financial statements of the company for the past two years have been analyzed to know about the current financial condition and the need of further financing by the company. Next a SWOT analysis of the company has been carried out in order to analyze impact of various internal and external factors on the company. Hence, this study gives a detailed overview about the company and its business activities. Company Overview The International Fish Farming Holding Company is an UAE based multinational company headquartered at Abu Dhabi. It is commonly known as ASMAK. It is a public company which was established in the year 1999. Its shares are traded in the Abu Dhabi Securities Exchange. ASMAK is one of the leading companies in the field of manufacturing and exporting frozen fish products in the Middle East and UAE. ASMAK aspires to be the leading aquaculture organization in the world. It aims to have a rapid expansion of its business all over the Arabian Gulf nations and worldwide. Fishing is a common practice for many years in the states of the Gulf Corporation Council (GCC). The business process of ASMAK includes, preservation of fish and other resources from seas through freezing and cooling, trading of the fish products, farming of fishes, packing and processing of sea foods, exports, etc. It is also engaged in the business of providing consulting services regarding sea resources. ASMAK