FINAL REPORT.pdf - Independent University Bangladesh(IUB Topic Internship report on financial conditions analysis and Covid-19 impact on the textile and

FINAL REPORT.pdf - Independent University Bangladesh(IUB...

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Independent University, Bangladesh (IUB) Topic: Internship report on financial conditions analysis and Covid-19 impact on the textile and garments industries in Bangladesh. Summer-2020 Submitted to: Mr. Naheem Mahtab Senior Lecturer ‘Sch ool of Business (IUB)’ Submitted by: Maliha Hossain ID: 1510846 Submission Date: 27 September 2020
ii | P a g e Letter of Transmittal 27 September 2020 Mr. Naheem Mahtab Department of Accounting Senior Lecturer,School of Business Independent University, Bangladesh (IUB) Subject: Submission of Internship Report on financial condition analysis and Covid-19 impact on the Textile and Garments industries in Bangladesh. Dear Honorable Sir, I am pleased to submit the draft report that you asked for & gave me the authorization to work on financial condition analysis and Covid-19 impact on the Textile and garments industries in Bangladesh. This report is a part of my course. I tried my best to work on it carefully and sincerely to make the report informative. The study I conducted enhanced on my knowledge to make an executive report. This report has given me an exceptional experience that might have immense uses in the future endeavors and I sincerely hope that it would be able to fulfill your expectations. I have put my sincere effort to give this report a presentable shape and make it as informative and precise as possible. I want to thank you for providing me this unique opportunity. Sincerely yours, Maliha Hossain ID: 1510846
iii | P a g e Acknowledgment First of all, I would like to express my gratitude to almighty Allah for giving me the strength and ability to complete the internship report successfully. I am very much grateful for the support which was given by my Academic Supervisor Mr. Naheem Mahtab, who guided me for preparing report during my internship period. Without his help it would have very difficult to complete the internship report. Lastly, I want to give thanks to my parents who support me in every situation.
iv | P a g e Table of Contents Executive Summary: .............................................................................................................................. v 1. Industry Analysis: ........................................................................................................................... 1 2. Sampling: ........................................................................................................................................ 2 3. Ratio Analysis: ............................................................................................................................... 2 A. Profitability analysis: .................................................................................................................. 2 B. Sustainability Analysis: .............................................................................................................. 6 C. Liquidity Analysis: .................................................................................................................... 14 4. Findings discussion: ..................................................................................................................... 16 5. Covid-19 Impact on the business .................................................................................................. 17 6. Post Covid-19 challenges and recommendations ......................................................................... 18 7. Post Covid-19 future of this industry ........................................................................................... 21 8. Conclusion .................................................................................................................................... 22 9. References .................................................................................................................................... 23 Appendix A .......................................................................................................................................... 24
v | P a g e Executive Summary: This report mainly focuses on Current financial situation of Bangladeshi textile and garments industries and covid-19 impact on them, at 1 st here we try to understand the scenario of textile and garment industries in Bangladesh. Bangladesh is the world’s 2 nd largest RMG product exporter. This sector makes up to 83% of country’s to tal annual export. There are 4621 ready-made garment in Bangladesh and more than 4 million people work in this industry according to BGMEA and 80% of the worker are women. Due to corona virus outbreak textile and garments industries are facing tremendous health crisis. It’s become very difficult to run the business because of this global pandemic. After all I have analysis five randomly selected company

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