Report on Financial Analysis of SINGER BD 2010
Singer as a company began its journey in 1851. When inventor of sewing machine. Isaac Merritt Singer began to manufacture and market a machine to automate and assist in the making of clothing.Singer is now engaged in Retail business which consists primarily of distribution through company owned retail stores and direct selling of a wide variety of consumer durable products for the homes primarily in Asia Pacific Rim, Latin America and the Caribbean. Retail sales activities in these markets are strengthened by the offer of consumer credit service (hire purchase) provided by the Company to its customers. In some of the markets where it operates Singer is recognized as a leading retailer of consumer electronics and home appliances.
At a glance:
1850 Isaac Singer invested $40 and invented sewing, a needle that goes up and down.
1851 The I.M. Singer & Co. manufacturers opened their factory in Boston and began fabricating machines for mass consumption.
1854 Isaac Singer renamed the company Singer Manufacturing Company and moved his offices and production facilities to New York City.
1855 The Singer Sewing Machine debuted at a trade exposition in Paris, France, and was awarded a prize for design innovation.
1856 Initiation of hire and purchase plan.
1880 The company began offering an electric motor-driven model
1889 The first electric machine was introduced
1979 Entry in the Bangladeshi market through the establishment of the Singer Sewing with a view to 'spread the knowledge of cutting, stitching and embroidery'
20th Century In the 20th century, Singer Sewing Machine For over 140 years, Singer remained a privately held company until 1991, when it became a publicly traded company by offering over 16 million shares. Currently, Singer has sewing machine manufacturing facilities all over the world, including India, Scotland, Tennessee and Illinois.
Corporate governance
Corporate governance deals with the complex set of relationships between the corporation and its board of directors, management, shareholders, and other stakeholders. It is a broad term that has to do with the manner in which the rights and responsibilities are shared among owners, managers and shareholders of a given company. In essence, the exact structure of the corporate governance will determine what rights, responsibilities, and privileges are extended to each of the corporate participants, and to what degree each participant may enjoy those rights.
by Sadi Islam