RMG industry in Bangladesh and financial statement analysis of “Consumer Knitex ltd”.

Abstract

Garments and textile sector play an important role in the economy of Bangladesh. There are 4621 garments factories in Bangladesh which contributes a lot to the economic development of our country. One of the major sources of foreign exchanging earnings is coming from export of RMG and textiles industry. RMG and Textile industry contributes a lot to the economy of the country and it’s a major contributor of GDP in our country. The study focuses on the RMG Bangladesh and overall activities of Compagnie Mauricienne de Textile Ltée (CMT) Bangladesh and financial statement analysis of CMT (Bangladesh). As a business graduate this report helps me to better understand of how a business can perform its overall activities outstandingly and improve its financial strength. This report talks about the foundation, approach, objective, time, and deliverable to effectively lead the exploration on an overview of RMG and Textile industry. Moreover, an overview of the CMT (Bangladesh), overall production activities of the CMT, and departmental description of the company. Finally, the report mentions a financial statement analysis to evaluate the financial performance of the CMT (Bangladesh) and provide some suggestions to improve the overall operational efficiency. The main purpose of this report to better understanding of the activities of the CMT (Bangladesh) and to learn the operational efficiency of its overall activities. This report also focuses on the financial performance of the CMT (Bangladesh) and its impact on its profitability.