Ratio analysis & financial performance of JMI Syringes & Medical Devices Ltd.
AuthorHaque, Md. Rajibul
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Surgical Device market in Bangladesh has great prospect for the local manufacturer of surgical device. More than 30,000 surgical devices are available in Bangladesh. Almost all devices are exported from foreign country. So I can tell surgical device market as the unexplored market. Only few major companies are providing surgical devices in Bangladesh. If the companies manufacture more surgical device then it generate huge profit to them. It also creates more empowerment and also contributes to our national economy. JMI Syringes & Medical Devices Ltd. has various kinds of surgical product, although it is very difficult and risky for surgical device provider to develop new product, JMI has eleven products. The company's age is not very old in comparison of its competitor. But still the companies are doing well in surgical device market in Bangladesh. JMI Syringes & Medical Devices Limited has received tremendous response by institution buyer and dealers. Institution buyers have gained confidence in their products for quality and economics. This business shows considerable promise in contributing to the national economy of Bangladesh. This report focuses on JMI's financial strategies, promotional activities, and position in the market. The report continues to assess the organization through a Ratio analysis and some other financial issues. The suggested ways of overcoming those issues and challenges have been elaborated in the recommendations section.