Olam International - 6264 Words

SINGAPORE MITA No. 013/06/2008 Company Report 12 March 2009 Olam International Ltd Gravity-defying growth Resilient to recession. Olam International Ltd (Olam) has been delivering consistent revenue and earnings growth since its listing in 2005, and growth momentum is expected to sustain despite the global recession. Management has guided for 16% to 20% topline CAGR and 25% to 30% earnings CAGR over the next three years. These goals are achievable, given that demand for food is relatively inelastic and earnings are therefore less vulnerable to the global economic downturn. Olam has already proven its resilience by delivering a 32.9% growth in 1H09 core earnings despite the recent collapse of commodity prices, demonstrating its†¦show more content†¦Listed on the SGX Mainboard, Olam is a component of the Straits Times Index and MSCI Singapore. Strong track record. Olam International Ltd (Olam) has delivered consistent revenue and earnings growth since its listing in 2005. Revenue has grown at a compound annual growth rate (CAGR) of 34.0% while earnings have similarly risen by 36.5 %. Despite the recent collapse of commodity prices, Olam continued to deliver a 32.9% growth in 1H09 core earnings on the back of a 20.2% growth in volume, demonstrating its ability to perform under difficult conditions. Exhibit 1: Revenue, FY05 - FY08 9,000 8,000 7,000 6,000 S$ m 5,000 4,000 3,000 2,000 1,000 0 FY05 FY06 FY07 3,369 4,361 CAGR: 34.0 % 5,456 8,112 FY08 Source: Company Page 3 12 March 2009 Olam International Ltd Exhibit 2: Net profit, FY05 - FY08 180.0 160.0 140.0 120.0 S$ m 100.0 80.0 60.0 40.0 20.0 0.0 FY05 FY06 FY07 65.9 87.2 109.0 CAGR: 36.5% 167.7 FY08 Source: Company Resilient to economic contraction. Despite the global economic recession, Olam remains confident of sustaining its earnings growth momentum. Management guides for 16% to 20% topline CAGR and 25% to 30% earnings CAGR over the next three years. These goals are achievable, given that demand for food is relatively inelastic and less susceptible to the global economic turmoil. Agricultural products are less prone to cyclical volatility of commodities as compared to metals and energy, as illustrated inShow MoreRelatedOlam International6278 Words   |  26 PagesSINGAPORE MITA No. 013/06/2008 Company Report 12 March 2009 Olam International Ltd Gravity-defying growth Resilient to recession. Olam International Ltd (Olam) has been delivering consistent revenue and earnings growth since its listing in 2005, and growth momentum is expected to sustain despite the global recession. Management has guided for 16% to 20% topline CAGR and 25% to 30% earnings CAGR over the next three years. These goals are achievable, given that demand for food is relatively inelasticRead MoreA Portable Supply Chain Model of Olam International1303 Words   |  6 PagesTo: Olam International Management Team and Board of Directors From: UBC MBA Core Code 337 Subject: Tough times, tough decisions Word Count of Memo : 984 Olam International is a global success story in the agribusiness industry. The growth in the last 20 years has been very impressive in terms of profits, breath of products and geographies. However, the combination of a global economic slowdown and tighter credit conditions will make it difficult for the company to maintain the same historical growthRead MoreA C3103 Take Home Assignment 21372 Words   |  6 Pagesï » ¿ Olam International: Challenges to Financial Reporting and Disclosure [Document Subtitle] [Author] Major Concerns Raised by Muddy Waters Over Olam’s Financial Reporting Firstly, Olam seemed to have reclassified its derivatives so as to present high financial returns. Olam was guilty of altering the derivative balance by changing from the adoption of Level 2 inputs to using Level 3 inputs to calculate the fair values of its derivatives during the financial year ended 30 June 2011. Olam alsoRead MoreMarketing: OLHAM Ghana1642 Words   |  7 Pages I. Introduction This paper will analyze the company OLAM Ghana a subsidiary of Olam International Limited. Olam Ghana is engaged in export of agricultural commodities including cocoa, cashew, sheanuts and wood products. It also imports and distributes rice, sugar, dairy products, tomato paste and edible oil. (Olam, 2014) 1) Target Market Olam Ghana target total value chain distribution (distributors, wholesalers and retailers). Olam Ghana distribution network covers whole Ghana; however the customersRead MoreProject Proposal Of Cargill Cocoa And Chocolate North America904 Words   |  4 PagesProject Proposal – MIS 600 The business being studied, is that of Cargill Cocoa and Chocolate North America (CCCNA). They are part of Cargill, Inc. an International producer and marketer of food, agricultural, financial and industrial products and services. They are the largest privately-owned company in the world based in Minnetonka, Minnesota. CCCNA partners with Cocoa farmers around the globe to procure, ship, and transform their produce to a wide range of cocoa and chocolate products and applicationsRead MoreThe Podcast For Today Is Sponsored By The Chief Rabbinate Of Israel1317 Words   |  6 Pagesthe Association for Jewish Studies who is answering our questions. We just discussed the key principles and defining characteristics of Judaism. So Ann, what’s the Jewish belief for death and afterlife? Scholar: Jews believe in an afterlife, known as Olam-Haba, meaning the world to come (Rosenblatt). A2: Interesting... If they have a belief of afterlife, then they must have something about the origin of life? So what exactly is their belief on how humans have come to be on this earth? Is it close toRead MoreIndonesia Cocoa Bean Value Chain Case Study2116 Words   |  9 Pagesincentives and risks that various market actors in the Indonesian cocoa bean value chain have for investing in improved consistency of cocoa bean quality? and 2) How are the actors responding to these incentives? With multiple levels of local and international cocoa bean buyers fiercely competing on price, a smallholder cocoa farmer in Indonesia has many selling options and market channels for his/her production. Within such a market-based environment that differentiates little for quality, IndonesianRead More joshua Essay1945 Words   |  8 Pagesbe strong and courageous. The Lord is with you. Bibliography Drucker, Reuven. Inheriting the Land. Grand Rapids: Erdmans, 1983. Hawk, L. Daniel. Joshua. Berit Olam. Collegeville, Minnesota Hess, Richard. Joshua. Tyndale Old Testament Commentaries. Downers Grove: InterVarsity, 19--. Woudstra, Marten H. Joshua. New International Commentary on the Old Testament. Grand Rapids: Erdmans, 1981. Curtis, Adrian H. W. Joshua. Old Testament Guide. Sheffield: Sheffield. 19--. Drucker, Reuven. Yehoshua/Read MoreWorld Peace8312 Words   |  34 Pagesagainst each other.  (the only exceptions being the  Cod Wars, the  Turbot War  and  Operation Fork  Ã¢â‚¬â€ all of which had no  casualties) Jack Levy (1988) made an oft-quoted assertion that the theory is as close as anything we have to an empirical law in international relations. An increasing number of nations have become democratic since the  Industrial Revolution. A world peace may thus become possible if this trend continues and if the democratic peace theory is correct. There are, however, several  possibleRead MoreAnalysis Of The Article The Price On Rice 2719 Words   |  11 Pagestreacherous decision. Africa has an urgent need for investment in its rice industry due to food security and economic reasons. One of the most chilling examples is the 2008 Food/Rice Crisis (The State of Food Insecurity in the World). In 2008, international prices of food spiked, causing African rice production to nose-dive (Organisation for Economic Co-operation and Development). Not surprisingly, Africa’s rice-producing nations were hit the hardest. They started importing most of their rice at lower

Companies Should Not Be Allowed For Target Children With...

Companies should not be allowed to target children with advertisements for junk food. Fast food companies have made a huge negative impact to society over the last couple of years despite the companies promise to produce healthy and nutritious meals. many people have already been affected by the damages caused by eating junk food in the United States Of America in 1950s the obesity rate was under 10 percent and as the fast food chain increased in 1975 the obesity rate was a whopping 32 percent and it only keeps growing. And as the obesity rate increased so was the other forms of diseases that have and will continue to affect people until they know that the junk food is the reason and stop or minimise the junk food intake.150 billion and†¦show more content†¦Parents must take precaution especially to their child s lifestyle and how eating unhealthy could affect him in the future. Advertisements for junk food has rapidly increased over the last 10 years and they have been specifically directed to children and the reason for this is because children are easy targets where even the slightest this could amaze them.It is clear that junk food is unhealthy and toxic to the human body and the children get affected most because their body’s are still growing and require proteins,fibre and milk and the junk food just destroys the body causing the child to become obese and other other related diseases. In 2009, America has spent 4.2 Billion dollars on advertising and the popular junk food restaurant McDonalds alone have spent 898.1 million on advertisements for children between the ages of 0 to 17. Some fast food restaurants that advertise their food as healthy and nutritious such as subway are exaggerated and is not as healthy as how it is advertised. Most advertisements today are almost impossible to avoid coming in many forms such as billboards and on the radio but most advertisements are televised and on the social media sites and the guardians of the children may not be

Assumptions for Imagine Surveyors- MyAssignmenthelp.com

Question: Discuss about theAssumptions for Imagine Surveyors. Answer: Assumptions for Business Case The assumptions in a business case are considered to the various activities and criteria that are considered to be true throughout the project. The assumption for the business process allowed in determining the accurate requirements of the proposed and required process in the organization. In this assignment, Indagine Surveyors have showed their interest for modifying and changing the review process traditionally followed. The assumptions on the Indagine Surveyors business case are developed based on the information regarding the current process that are being followed and the proposed To-Be process for improving the business efficiencies. The assumptions considered for developing the business report of the Indagine Surveyors are as follows: The traditional process followed by Indagine Surveyors is frustrating and slow; In the traditional process, the clients have no idea about the highway and health review prior to the approval of the engineering review; The clients are willing to submit their permit process at Indagine Surveyors; The proposed simultaneous health, highway and engineering review will not deteriorate the review process; The clients will provide their e-mail to the Indagine solutions while requesting for reviewing the permit; The engineering, highway and health review are not dependent on one another and can be independently and simultaneously carried out; The scanned softcopy for the review process will not improvise the quality and standard of the review; The Indagine Surveyors are willing to invest and change the review process followed in the organization; All the review department have their own e-mail ids and can access them; Bibliography Bergeron, S. and Healy, S., 2015. Beyond the business case: A community economies approach to gender, development and social economy.Social and solidarity economy: Beyond the Fringe, pp.72-85. Hahn, T., Preuss, L., Pinkse, J. and Figge, F., 2014. Cognitive frames in corporate sustainability: Managerial sensemaking with paradoxical and business case frames.Academy of Management Review,39(4), pp.463-487.

10 different versions of the game Essay Example For Students

10 different versions of the game Essay Due to various problems that a minority of Championship Manager 3 users experienced, the team at Sports Interactive worked hard on solving them and also enhanced and improved many areas of the game. This has resulted in the release of a number of free updates so that Championship Manager 3 could be enjoyed by everyone. What is expected to be the final update of the original Championship Manager 3 has just been released and includes many enhancements and improvements. This is known as version 3. 04e and has incorporated a lot of the suggestions given to us by many Championship Manager 3 users around the world. Version 3. 04e now allows you to play the game in three new languages these are Spanish, Norwegian and Swedish. A completely new re-written version of Championship Manager has just been released titled Championship Manager 4 after an almost year long wait and 4 expansion packs later the game is now running quite well without as many bugs as in the original release. Many fans of the game though see it as a failure after months of wait and 4 delays later the game came out full of bugs even after almost 5 months of testing by over 100 people! SI Games have worked hard to correct these bugs providing expansion packs which fix the bugs released on the website and in the Championship Manager magazines which are released every few months. Overall Paul Oliver Collyer created a very addictive life like football management game which many people find enjoyment out of and I bet they never thought 20 Years ago when starting work on the first version of what is now known as Championship Manager would ever prove to be this successful and end up producing over 10 different versions of the game.

Huswifery Essays - Conceptions Of God, Patriology,

"Huswifery" Puritan language is the most striking in the doubleness of its appeal. It looks both ways: to radical voluntarism, yet to utter submission; to absolute authority, yet to limited authority, defined as duties more than powers and constrained by mutual obligation from God on down; to God the father, yet to God the mother; to the Word as strict law, yet to the Word as spiritual milk; to the self filled with filth as lustful pride, or anger, yet to the self reborn of the Father in infantile ecstasy or collectively married to Christ in virgin purity (Leverenz, 7). It is possible that all of these traits that Leverenz describes in Puritan language exist in this poem. However, those that are most obvious are the doubleness of God as both father and mother as well as the doubleness of radical voluntarism to utter submission. In portraying God as a spinster, one who will "[Taylor's] Distaff make for [him]" and "knit therein this Twine," Taylor is essentially offering his soul up to a patriarchal and authoritative God, one who will "clothe" his "ways with glory" and who will "make [Taylor] [His] Loom." This authoritative and omniscient God coincides with that which is easily interpreted as a father figure, one to which both the individual and the community submit in reverence. This figure represents the patriarchy so evident in Puritanism but it is also the existence of this patriarchy that Leverenz doubts. Though God is being employed in this poem as a dominator and a creator, God is also unavoidably portrayed as doing a woman's work or "huswifery". God is implicated as a maternal force as well, one which will nurture and make "[Taylor's] Soul [Her] holy Spool to be." In this respect, Leverenz is correct in assuming the "doubleness" of Puritan language - a language which cannot be solely patriarchal or emanating a paternal authority because of the maternal implications of God that exist alongside it. This doubleness is also made manifest by the fact that Taylor both supplicates to God but makes a demand from him as well. The language of the poem is strictly imperative, commanding God to "make [his] affections Thy Swift Flyers neat" and to "weave the Web [Him]self. The yarn is fine." It is almost as if the poet is designing that which God will weave - the glorified Taylor - and God is merely the employee. However, at the same time, Taylor still consistently objectifies himself to God, making the job imperative to Taylor's dressing himself in clothes suitable to the glory of God and representative of his submission to God. The language of this poem and the way in which Taylor makes use of both the commonly accepted Puritanical God who is paternal and authoritative and to whom the individual is automatically subordinated also explicitly portrays this second part of Leverenz' double nature of Puritan language - that which allows for a more maternal God as well as deviance from pure submission and reverence.

What Makes Grammar a Timeless Subject to Study and Teach

What Makes Grammar a Timeless Subject to Study and Teach Grammar has long been a subject of study- as a companion to  rhetoric  in ancient Greece and Rome and as one of the seven  liberal arts  in medieval education. Although the  methods  of studying grammar have changed dramatically in recent times, the  reasons  for studying grammar have remained essentially the same.   One of the most sensible answers to the question of why grammar matters appears in a position statement on the teaching of grammar in American schools. Published by the National Council of Teachers of English (NCTE), the report is refreshingly free of educational cant. Heres how it begins: Grammar is important because it is the language that makes it possible for us to talk about language. Grammar names the types of words and word groups that make up sentences not only in English but in any language. As human beings, we can put sentences together even as children- we can all do grammar. But to be able to talk about how sentences are built, about the types of words and word groups that make up sentences- that is knowing about grammar. And knowing about grammar offers a window into the human mind and into our amazingly complex mental capacity. People associate grammar with errors and correctness. But knowing about grammar also helps us understand what makes sentences and paragraphs clear and interesting and precise. Grammar can be part of literature discussions when we and our students closely read the sentences in poetry and stories. And knowing about grammar means finding out that all languages and all dialects follow grammatical patterns. (Haussamen, Brock, et al. Some Questions and Answers About Grammar, 2002.) Note: The full report, Some Questions and Answers About Grammar, can be found on the website for the National Council of Teachers of English. Its well worth the read for anyone interested in English grammar. Additional Perspectives on Grammar Consider these explanations from other experts in English and education on why grammar matters: On  the utility and importance of  the study of Grammar,  and the principles of composition, much might be advanced, for the encouragement of persons in early life to apply themselves to this branch of learning... It may indeed be justly asserted, that many of the differences in opinion amongst men, with the disputes, contentions, and alienations of heart, which have too often proceeded from such differences, have been occasioned by a want of proper skill in the connexion and meaning of words, and by a tenacious misapplication of language. (Murray,  Lindley. English Grammar: Adapted to the Different Classes of Learners, Collins and Perkins, 1818.) We study grammar because a knowledge of sentence structure is an aid in the interpretation of literature; because continual dealing with sentences influences the student to form better sentences in his own composition; and because grammar is the best subject in our course of study for the development of reasoning power. (Webster,  William Frank. The Teaching of English Grammar, Houghton, 1905.) The study of language is a part of general knowledge. We study the complex working of the human body to understand ourselves; the same reason should attract us to studying the marvelous complexity of human language... If you understand the nature of language, you will realize the ground for your linguistic prejudices and perhaps moderate them; you will also more clearly assess linguistic issues of public concern, such as worries about the state of the language or what to do about the teaching of immigrants. Studying the English language has a more obvious practical application: It can help you to use the language more effectively. (Greenbaum, Sidney, and Gerald Nelson. An Introduction to English Grammar, 2nd ed., Longman, 2002.) Grammar is the study of how sentences mean. And that is why it helps. If we want to understand the meaning conveyed by sentences, and to develop our ability to express and respond to this meaning, then the more we know about grammar, the better we will be able to carry out these tasks... Grammar is the structural foundation of our ability to express ourselves. The more we are aware of how it works, the more we can monitor the meaning and effectiveness of the way we and others use language. It can help foster precision, detect ambiguity, and exploit the richness of expression available in English. And it can help everyone - not only teachers of English but teachers of anything, for all teaching is ultimately a matter of getting to grips with meaning. (Crystal, David. Making Sense of Grammar, Longman, 2004.) [T]he study of your own grammatical system can be quite revealing and useful, and provides you with insights into how language, your own and others, whether spoken or signed, actually works... With an understanding of how language actually works, and a concise vocabulary to talk about it, you will be equipped to make more informed decisions and choices about grammar and usage, and to tease out linguistic fact from linguistic fiction. (Lobeck, Anne and Kristin Denham,  Navigating English Grammar: A Guide to Analyzing Real Language,  Wiley-Blackwell, 2013.)

The Relationship between Fashion and Art Assignment

The Relationship between Fashion and Art - Assignment Example This assignment discusses if the fashion belongs in an art gallery, how the fashion and art collision are defined. To identify the similarities and differences of fashion and the field of art, the research will focus on the changes that the industry has experienced over the last 10 years. Starting from the year 2005, it will be possible to observe the historical transformation of the two fields and examine any relationship between the two. The main focus of this research is to identify the difference between art and fashion and the way the two relate. Over history, the topic of the relationship between fashion and art has been of great importance. A controversy exists among scholars as some agree that fashion and art are close to each other while others believe that they are two different fields. Those who support the idea say that fashion is a manifestation of art and the two change in the same style. They are dynamic and they have to change with time. Those who view fashion and art as separate entities explain that Art produces ugly things that become beautiful with time, while fashion produces beautiful things that become ugly with time. On this note, there seems to be no major concession on whether there is a major relationship between fashion and art. By focusing on this topic, it will be possible to focus on the question of when fashion can be seen as art or vice versa. As a student of films and arts, the concept of fashion and art are relevant and one must have a clear understanding.