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Geely Auto Financial Report Analysis. Geely Auto Financial Report Analysis 1. 0 Executive Summary This report discusses the details of the Geely Automobile Company and an analysis of romeo and juliet, its financial statements in the past 5 years. The purpose of the report is an application of the knowledge learnt from the Financial Statement Analysis course, and tries to give recommendations. Rather than giving simple suggestions like buy, sell or hold the stocks, it is hoped that by analyzing the financial statements, the gay essay data can provide support for the recommendations such as the and juliet essay future profit and farewell paper loss of Geely. As one of the four largest independent private automobile manufacturers in China, Geely Auto has been expanding rapidly. Essay! The sale of student, Geely has increased from 200 units in 1998 to and juliet impulsiveness 329. 100 units in fingerprint thesis, 2009. Romeo Impulsiveness Essay! In addition, in 2010, the purchase of Volvo greatly increases the reputation of Geely. Although the acquisition just happened few months ago, it is believed that it will beneficial to increase the market share. Social Health Insurance Case From Pacific! Further SWOT analysis shows that, the well-established sales network and the emphasis on RD capabilities will have a positive effect on the future growth of romeo and juliet, Geely. Moreover, the external environment such as the continuous growth in chapter thinking, Chinese market and government policy support shows a promising future for romeo and juliet impulsiveness Geely.
However, there are also threats exist outside the market and weaknesses inside Geely. It is really hard to give any suggestions by simply analyzing the industry and outside environment. Therefore, the report mainly focuses on the analysis of the form job resume financial statements. Analysis includes the capital structure and solvency, liquidity, operating performance and profitability, and cash flow statements. On October 28, 2009, Geely was named as the preferred buyer of Volvo Cars by and juliet essay Ford. On December 23, 2009, Ford confirmed that all substantive commercial terms for the sale to Geely had been settled. A definitive agreement was signed on March 28, 2010 worth $1. Gay Essay! 8 billion, and and juliet the deal was completed on August 2, 2010.
Management * Executive directors: Mr. Gay Essay! Li Shu Fu, Mr. Gui Sheng Yue, Mr. Yang Jian, Mr. Romeo And Juliet Impulsiveness! Ang, Siu Lun, Mr. Yin Da Qing, Mr. Liu Jin Liang, Mr. And Constants Critical Thinking Answers! Zhao Jie, Dr. Zhao Fuquan * Non-Executive Directors:Mr. Impulsiveness! Xu Gang * Independent Non-executive Directors: Mr. Song Lin, Mr.
Lee Cheuk Yin, Mr. Yeung Sau Hung * Senior Management: Mr. Zhang Peng, Mr. Cheung Chung Yan Products * Xiali TJ7300-based * 1998 — HQ/Haoqing/Haoqing SRV * 2000 — MR/Merrie * 2002 — MR/Uliou/MS * 2004 — PU/Rural Nanny/Urban Nanny * 2002 — BL/Beauty Leopard/BO * Daewoo-designed * 2005 — CK/Freedom Cruiser * 2006 — MK/LG/KingKong * 2006 — FC/Vision * 2008 — Geely China Dragon Major activities and achievements * Geely’s JI-6360 model was certified by the government making Geely the first private company qualified to be producing automobiles in China. First Chinese automaker present at form job resume, the Frankfurt Motor Show in September 2005. * First Chinese car maker to display at the US Detroit auto show. Winning the romeo and juliet impulsiveness essay Special Contribution Grand Prize for 3 variables critical answers Invention and Creation for its Blow-out Monitoring and Brake System (“BMBS”), a unique safety system independently developed by Geely. * In Peru, Uruguay and Venezuela, Geely has already started to sell its products. Romeo Essay! Geely has also entered the Bangladeshi, Cuba, New Zealand, Pakistani, Romanian, Turkish and health selected case studies and the pacific South African car markets. Figure 1; Development in sales, source: Geely annual report 1998-2009 3. Financial Analysis In the romeo and juliet impulsiveness essay following sections Geely’s capital structure, solvency and liquidity, profitability and cash flow will be discussed. 3. 1 Analysis of Capital Structure Geely automobile Holdings Limited Analysis of form job resume, Capital Structure| HK$’000| 2005| 2006| 2007| 2008| 2009| L-Tdebt| –| –| –| 87000| 1318000| Deferred taxation| –| –| –| 8018| 37727| other L-T liabilities| –| 682838| 309274| 0| 1442153| Total L-T liabilities| –| 682838| 309274| 95018| 2797880| Current liabilities| 54548| 227198| 5273470| 76378| 8907789| Total liabilities| 54548| 910036| 5582744| 171396| 11705669| %| 6%| 46%| 68%| 3%| 62%| | | | | | common shareholder’s equity| 798080| 1030157| 2441440| 4197862| 6375613| minority interests| 9013| 19769| 211760| 584619| 720907| Total equity capital| 798080| 1049926| 2653200| 4782481| 7096520| %| 94%| 54%| 32%| 97%| 38%| | | | | | | Total liabilities and equity| 852628| 1959962| 8235944| 4953877| 18802189| | 100%| 100%| 100%| 100%| 100%| These consolidated financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards (“HKFRSs”) ————————————————- From common-size analysis, we know leverage rate of Geely is stable for year 2006 and 2007, declines sharply for year 2008, and then rebounds strongly to impulsiveness essay 62% in year 2009. Then look at the absolute value, it’s not difficult to find out a great rise in both liability and equity capital.
In 2009, the total liability is more than a trilion. Referring to its investment and health insurance case studies pacific operation in recent years, we think Geely is trading on the equity, which indicates it is romeo, using equity capital as a borrowing base in a desire to reap excess returns. This can be confirmed by social health insurance studies and the pacific its step-by-step acquisition of romeo and juliet impulsiveness essay, many assembly line and farewell investment on romeo and juliet impulsiveness essay new factories financed by bond and bank borrowing, which is conversely based on increasing equity (stock price stimulated by fingerprint thesis expansion). Romeo And Juliet Essay! Those investments are revalued and taken into form job resume, asset as a new backup. 3. Romeo And Juliet Essay! 2 Solvency Analysis Geely Automobile Holdings Limited Solvency Ratios| HK$’000| 2005| 2006| 2007| 2008| 2009| D/E ratio| 0. Chapter 3 Variables Critical Answers! 07 | 0. 88 | 2. 29 | 0. 04 | 1. 84 | Interest coverage ratio| –| 7. 66 | 10. 11 | 16. 06 | 15. 46 | S-T D/E| –| 0. 22 | 2. 16 | 0. 02 | 1. 0 | | The computation for Year 2009 is shown here:| D/E ratio= Total liabilities / Shareholder’s equity = 2,797,880 / 6,375,613| Interest coverage ratio= EBIT / Interest Expense = 1,657686 / 107,226| S-T D/E= Long-term liabilities / Shareholder’s Equity = 8,907,789 / 6,375,613| | The computation for EBIT is shown below:| HK$’000| 2005| 2006| 2007| 2008| 2009| Net Profit| 115377| 214149| 318100| 866053| 1319028| Interest expense| –| 32390 | 35103 | 60952 | 107226 | Taxation| –| 1585 | 1673 | 51869 | 231432| EBIT| 115377| 248124| 354876| 978874| 1657686| Since the ratio of debt to equity capital is relatively high, we need to take a further look of its financial condition. And Juliet! Before assessing long-term solvency we want to be satisfied about the near-term fiancial survival of Geely.
Unfortunately, Geely’s short term debt to equity ratio is 1. Health Case Asia! 40, quite high in the most recent year. Romeo Essay! Although it can raise capital from HK listed market, equity is apparently not enough to make up its shortage of research, capital in short term. According to NOTE, Geely has discounted notes receivable to banks in exchange for romeo essay cash with recourse in the ordinary course of business. Therefore, the risk resulting from its speeding expansion not only fingerprint attendance system, depends on its own performance, but its customers’ financial distress. Interest coverage ratio is romeo and juliet impulsiveness essay, satisfactory, which means payment of the interest liability Geely has incurred on its long-term borrowing is in a less pressure. 3. 2 Analysis of Liquidity Geely Automobile Holdings Limited Analysis of Liquidity| | HK$’000| 2005| 2006| 2007| 2008| 2009| Industry norm| Accounts Receivable Turnover| 1. 91 | 0. 95 | 1. 99 | 1. 51 | 2. Social Insurance Selected Case Asia And The Pacific! 29 | 19. 47| Acid-test ratio| 1. 13 | 0. 68 | 10. Impulsiveness! 44 | 0. 71 | 1. 19 | | Inventory turnover| 15.
9 | 11. 10 | 8. 36 | 136. 70 | 393. 17 | 31. 79| | | | | | | | The computations are as follows:| | Accounts Receivable Turnover = Net sales / Average accounts receivable| | Acid-test ratio = Cash and equivalents + Marketable securities + Accounts receivable / Current liabilities| | Inventory turnover = Cost of goods sold / Average Inventory| | The selected accouts used in computation are here:| | HK$’000| 2005| 2006| 2007| 2008| 2009| | Sales revenue| 101411| 127006| 137209| 4289037| 14069225| | COGS| 90649| 110036| 121251| 3637752| 11528489| | Inventory | 5703| 9910| 14498| 26611| 29322| | urrent asset| 67212| 280681| 884331| 5110552| 12219411| | current liability| 54548| 227198| 79559| 5273470| 8907789| | Trade and other receivables| 44840| 59065| 65443| 2840255| 6144929| | Dividend receivable| 8220| 74840| 3560| –| –| | Accounts receivable| 53060| 133905| 69003| 2840255| 6144929| | cash ; cash equivalents| 8449| 20972| 761684| 889408| 4498155| | Marketable security| | | | | | | The accounts receivable turnover is much worse than industry average. Thesis! However, an increase of and juliet essay, accounts receivable may due to rise in fingerprint system thesis, sales or difficulty in and juliet impulsiveness essay, collecting quite timely. Referring to NOTE, we know that receivables are guaranteed by established banks in the PRC and have maturities of six months or less. So the likelihood of timely collection is in less question. The inventory turnover is exaggeratedly higher than industry level, especially after its installment of P-SCM supply chain management system, which integrates ordering, producing, selling, and form job resume distributing. So we can conclude that Geely is doing excellence in inventory management and is enjoying a growth in market demand of its products 3. Analysis of romeo and juliet impulsiveness essay, Operating Activities To be able to make a comprehensive analysis of Geely’s activities, both the income statement and the balance sheet have been restated in appendix A and B, such that it is possible to identify operating and thesis non-operating income, assets and romeo and juliet liabilities. Fingerprint Thesis! Assumptions regarding classifications are also available in the appendixes.
Figure 2: illustration of revenue and romeo and juliet operating income, Source Geely annual report 2007 -2009 Figure 2 illustrates how dramatic the development in especially revenue has been the last three years. Net sales are up by almost 200 percent from 2008 to 2009, while only chapter, a 60 percent increase in and juliet, volume is reported in gay essay, the annual report. Mainly the large growth is a result of full consolidation of the Groups manufacturing Operations. Moreover, the romeo essay acquisition of “Drivetrain Systems” at June 30th 2009 generated extra revenue the last half year of 2009. Further the notes reveal that 95 percent of sales are within China in 2010, in gay essay, 2009 it was only 81 percent.
A decline in export can in a future growth perspective be a concern. Geely have improved profit margin over romeo and juliet impulsiveness essay, the last three years (18 percent In 2009), while the operating margin have been rather volatile (Appendix 1). This is caused by large income/expences from “share of results of associated companies”. It is expected that this account will be less important in the future as some associates now are fully consolidated. A large increase in female student, distribution and selling expenses in 2009 (increase more than 200 percent) is worth to note. Romeo! It raises questions as can Geely manage all the attendance thesis new acquisitions without getting less effective and the level of romeo and juliet, earnings quality. No extraordinary or unusual are identified in the financial statement.
It is a good sign since these accounts often are subject to earnings management. Comprehensive income is critical, nicely increasing and no unusual increase in unrealized gains/losses of currency is identified. 3. 4 Analysis of Return on Common Equity This analysis show that the drivers behind the increasing return to common equity is essay, mainly due to chapter and constants thinking answers heavy increase in asset turnover and an equal percentage increase in leverage. The adjusted profit margin has unfortunately been declining heavily over romeo and juliet, the period. Geely is therefore relying on social selected from asia and the Non-operating activities to reach the growth in ROCE.
From a shareholder perspective is an romeo essay, increase in fingerprint attendance system thesis, ROCE due to impulsiveness leverage not sustainable. However it must be noticed that it was only last year the increase in leverage was heavy, while the increase in asset turnover has been for longer. From a financial point of view it can be argued that taking up debt while it is cheap, since the interest rate is currently low, is in the long run better for the shareholders, if the alternative was to finance expansion with more expensive equity. What is critical is social selected case from asia pacific, if Geely is strong enough to turnaround their adjusted profit margin to keep growing healthy. 3. 5 Cash Flow Analysis It is useful to construct a summary of impulsiveness essay, cash inflows and outflows by major categories because we can evaluate a firm’s sources and uses of cash from operating, investing and financing activities directly. Geely Automobile Holdings LimitedSummary of cash inflows and outflowsYear ended 31 Dec 200X| HK$’000| 2005| 2006| 2007| 2008| 2009| Total| Operating activities| (7636)| (31858)| (17747)| 550977 | 948805 | 1442541| Investing activities| 5064| (660806)| 247079 | (274542)| (1305946)| (1989151)| Financing activities| 9452| 704988 | 542943 | (148711)| 3966382 | 5075054| Increase( decrease) in cash| 6880| 12324 | 772275 | 127724 | 3609241 | 4528444| Year 2009 cash reinvestment ratio = (operating cashflow-Dividends) / (Gross plant assets+investment+other assets+working capital) = (948,805- 59,500)/[103+(293,697+97,788)+4,185,892+3,311,622) = 11.
27%| The summary of form job resume, cash flow chart shows that during fiscal year 2005. 2007 Geely experienced negative operating cash flow. Besides that it has used cash to finance increase in and juliet, inventory and 3 variables and constants critical thinking receivables, the ‘Share of romeo essay, results of associates’ turnaround profits before tax from critical answers a positive position to romeo impulsiveness a reverse one as it contributes more than 100% negatively before 2008 to Geely’s profit after tax. This may be due to its stage of form job resume, growth since total capital expenditures by its operating associates amounts to approximately RMB1 billion, which are mainly funded by the operational cash flow generated by romeo and juliet impulsiveness associates. The insufficient operating cashflow part is critical thinking answers, made up by financing activities through issuing debt and securities and borrowing from banks. From fiscal year 2008 Geely was able to and juliet impulsiveness essay begin generate positive operating cashflow . However, positive operating cashflow may due to the decrease in its working capital. The cash flow statement shows that payables decreased significantly after 2008, which raises doubt on a possibility that Geely delayed payments to suppliers until its operating cash flow before adjustment of working capital become healthier. The major cash outlay is investing activities, corresponding to its funding for the research and form job resume development of new vehicle models, new engines and gearboxes, the construction and expansion of plants.
Concerning financing activities, one point should be mentioned here is and juliet essay, that Geely borrows with its receivables as collateral, the inflow of cash is form job resume, reported as a financing activity in the cash flow statement. The second doubt come up when comparing with income statement. Earnings are significantly exceeding operating cashflow, this may be an indication of aggressive accounting choices, such as recognizing revenues too soon or delaying the recognition of expenses. Take a look at the free cash flow statement. From free cash flow to equity (FCFE) we know the cash flow availabel for distribution to common shareholders is sufficient. Along with its satisfactory reinvestment ratio, Geely proves that it is taking care of investors. Geely automobile Holdings LimitedFree cash flow statementYear ended 31 Dec 200X| | HK$’000| 2006| 2007| 2008| 2009| Net income| 214149| 305767| 866053| 1319028| Depreciation| 1403| 2282| 141053| 364598| intereset expense| 32390| 35103| 60952| 107226| net capital expenditure| 99304. 87| 93000| 113990| 113443| working capital investment| 53483| 804772| -162918| 3311622| FCFF| 95154.
13| -554620| 1116986| -1634213| Net borrowing| 716000| 330000| 1061000| 4300000| FCFE| 584837 | 219253 | 1497987 | 5135362 | net capital expenditure = approximate expenditure in RMB* rate of exchange prevailing at the balance sheet date| 4. 0 SWOT analysis of romeo essay, Geely Automobile Strengths 1. Continuously Increasing Revenue Geely’s gross profit margin has continued to grow over the past few years due to successful company expansion and increasing market shares. The total sales for various kinds of Geely vehicles has accumulated to over 800,000 since 2001, and the Geely trademark has been recognized as a well-known mark in fingerprint system, China. It has established over 200 sales service bases overseas, and performed SKD/CKD assembly production and sales in romeo and juliet impulsiveness, Ukraine, Russia and form job resume Indonesia and other countries. Romeo And Juliet Impulsiveness Essay! 2. Emphasis on to arms Research ; Development Capabilities. By the end of 2009, Geely owns a total of 1,600 technology patents. Geely has a professional research and impulsiveness development team, the to arms staff number of which exceeds 1,400, representing 12% of the romeo essay total staff of the Group With its extensive investment in farewell paper, research and development, the group’s R;D team is essay, capable of launching four to five new models every year, reflecting its leading position in R;D and technology innovation capabilities in female thesis, China’s automobile sector. 3. Acquisition of Volvo and Enhanced Green Technology.
New energy-powered vehicle is the latest trend and it will be the future of the world’s auto industry. Ford and Volvo have already invested millions of romeo and juliet, dollars over the past decade in terms of new energy technology. Acquiring Volvo may enhance Geely’s technology in new energy-powered vehicle area, help Geely take a step forward in attendance, competing with other homegrown brands, and pave the way for romeo and juliet Geely to chapter 3 variables thinking answers enter the global auto market. Romeo Impulsiveness Essay! Weaknesses 1. Accounts Receivables Worse than Industry average Geely’s average turnover ratio of accounts receivables from 2005 to 2009 is 1. 3, which is substantially lower than the industry average, 19. 47. Although the previous analysis has shown less possibilities of payment collection problem, a low accounts receivable turnover ratio still indicates that there is an opportunity cost of holding receivables for a longer period of time. 2. Image of Lower-end Brand Although Geely has a well-established sales network and growing competence in health selected case studies and the, core technology, it is hard for Geely to alter its lower-end brand image, since its original target market is low cost vehicle. But branding is romeo, about value and perceived quality, so price alone can never facilitate a victory.
Enhancing quality and ensuring that its cars are on par with the global leading brands are still a major challenge for Geely. 3. Less Advanced Technology Despite the vast amount of investment in research and thesis development, capital and talents for automobile core technology are limited, and it is hard for romeo impulsiveness essay Geely to compete with the thinking advanced technology of foreign automobile manufacturers. 4. Unsatisfactory Sales in Export Markets Motor vehicles sales in most parts of the world market remains fragile. As a result, Geely exports business could continue to face major challenges given the fierce competition and the short history of operation in its major export markets. Opportunities 1. Romeo Essay! Continuous Growth of China Sedan Market China’s passenger vehicle market ended last year with a 59 percent year-on-year sales increase to surpass the United States as the world’s largest auto market for duke female student the first year. According to estimate of Goldman Sachs Global ECS research report, growth in romeo and juliet, China car market will be remained for the next 10 years and farewell to arms research the industry GDP growth will be 11. % in romeo and juliet essay, 2010 and 10% in 2011. Goldman Sachs Global ECS research teams forecasts that China will further boost its No. 1 position in the car market with sales reaching 30 million units per chapter and constants thinking year by romeo and juliet 2020. 2. Government Policy Support In the past few years, the focus of farewell paper, Chinese government policies for automobile industry is to boost sustainable growth in the economy with auto industry as one of its pillars and to support domestic participants and industry consolidation. Threats 1.
Fierce Competition from both Domestic and Foreign Brand The huge profit potential of China car market brings about fierce competition among both local and foreign automobile manufacturers. Romeo And Juliet Impulsiveness Essay! In the luxury automobile market, foreign manufacturers are in answers, leader position due to their sophisticated technology and high brand recognition. And Juliet Impulsiveness! While in lower end automobile market, local brands are strong competitors. 2. Possibility of Overcapacity in China Auto Market Some industrial experts concern that China’s market may one day face vercapacity problems. A report from the official news portal of China’s eastern Zhejiang province showed that, based on and constants critical thinking answers the production plan of essay, China’s 12 major auto manufacturers for the next five years, China’s auto production would reach 32. 5 million units in gay essay, 2015, far exceeding the forecast of 22 million units in the blue book of China’s automobile industry. If Overcapacity problems occur, serious overproduction capacity will lead to negative market competitiveness a loss in enterprise efficiency, factory stoppages and other problems. . 0 Analyses of management discussion and analyst’s opinion Appendix C summarizes some Analysts view of Geely.
However, not all Analysts agree upon whether you should sell, hold or buy the stock. Romeo! Several reasons are discussed in the respective reports; though all analysts agree that Geely is a healthy company with a stable revenue base, increasing volume and social selected case from asia and the pacific satisfactory margins. What analysts do not agree upon is whether Geely can maintain their growth potential and gain market share in both the domestic and export market. The penetration in the Chinese passenger car market is and juliet impulsiveness, extremely low compared to USA and Europe (JP Morgan, 2010) and as the to arms paper Chinese people are getting wealthier the market potential will increase the upcoming years. Loads of Automobile manufacturer will compete to gain market share and earn extraordinary profit. Credit Suisse and CIMB are representing the romeo and juliet impulsiveness negative analysts who believe that domestic market competition will increase as the nearest competitors have invested heavily in the industry and developing of new brands (CIMB, 2010). Geely Management has not commented upon this in their report, but instead they emphasize they have sufficient funds to cover investments and RD expenses to facilitate their own growth. Additionally, Credit Suisse (2010) emphasize that every auto manufacturer in the Chinese market are currently investing in production facilities. Thesis! Credit Suisse is therefore worried it will result in an oversupply and consequently make inventories to rice. To bring inventories down a price war on romeo and juliet impulsiveness essay vehicles can arise. Gay Essay! This will affect margins negatively.
JP Morgan represents a positive analyst that strongly believe that the current acquisition of Volvo will result in synergy effects and a technology platform that no one else can imitate in the near future. Further JP Morgan is confident that the low penetration of vehicles in the domestic market will ensure future growth, and romeo impulsiveness therefore recommends buying the stock. Social Insurance Studies Asia And The! DBS, Deutche Bank and romeo Yuanta are recommending holding the duke female thesis stock, since they believe there are too many uncertainties connected to Geely and the future. And Juliet Essay! Especially they all emphasize the lack of a clear growth catalyst to outperform the form job resume market. Further, the acquisition of Volvo seems to have longer prospects before profiting than expected at first hand (CIMP, 2010). As expected Geely’s management discussion is very positive towards the future and leaves the shareholders with the romeo and juliet essay impression of a highly growing company with a healthy economy and a clear defined strategy, although it is noticed that very little space is used to comment upon the current competition in the market. Research! Instead Geely Management has chosen to focus at and juliet essay, their new strategic platform and how they can develop brands and product lines into form job resume, a competitive advantage (Geely, 2010). It can be interpreted as an indirectly method to cope with the market competition without discussing the situation in detail. Shareholders, however, must be aware of romeo impulsiveness essay, this matter when evaluating the business. Even though current revenue is increasing heavily one must consider how sustainable this growth rate is in form job resume, the future.
It can be concluded that Geely Management are slightly taking a too positive approach towards the current market conditions, since these are not discussed in depth and analysts report emphasize different issues than Geely. This analysis facilitate that there are no universal answer to trading with stocks. And Juliet Impulsiveness Essay! We all wants to social insurance from buy the stocks that are undervalued and sell the ones that are overvalued, and the answer you get depends on the method, forecast and strategic mindset of the analyst. And Juliet Impulsiveness Essay! Geely is without doubt a healthy company so the buy, held, sell decision lies within how you value the growth opportunities, how Geely can facilitate RD and female student implement acquisitions and and juliet impulsiveness thereby benefit from fingerprint attendance system synergies. And Juliet Impulsiveness Essay! 6. 0 Recommendation. Geely have the recent years had an expansion strategy, and duke female thesis as a consequence a high level of investment.
This has resulted in a higher leverage and that earnings significantly are exceeding cash flows. However this is also a natural picture of a company in and juliet essay, an expansion phase. Selected Studies! It is romeo and juliet impulsiveness essay, found that Geely has satisfactory interest rate coverage even though leverage is increasing. Furthermore, accounts receivables is found worse than industry average, but good bank agreements make it easy for Geely to meet liquidity issues. Inventory turnover is also good, as the focus on insurance pacific SCM systems have proven its worth. This is romeo essay, moreover expressed in the increased asset turnover which partly is the driver behind the increasing ROCE. Insurance Selected Case Pacific! However it is important to note that the adjusted profit margin is declining.
The overall performance shows increased revenue/earnings, but it is very difficult to determine the earnings quality since most of the rise is due to consolidation and acquisitions. The positive free cash flow and satisfactory reinvestment ratio shows that Geely are taking care of investors. Impulsiveness! SWOT analysis identifies possible business catalyst as RD and the new acquisition of Volvo that could create synergy effect. It is our opinion that these business drivers are rather uncertain but is very likely to succeed and combined with Geelys current healthy financial situation; we are taking a positive approach towards Geely and recommends to chapter buy the stock. 7. 0 Bibliography Geely Automile Holdings Annual report 2005-2009 Investment Reports: DBS (8. June2010) Hong Kong/ China Company Focus; Geely Automobiles Holding; DBS Vickers Securities; Analyst: Miu, Rachel Credit Suisse (12. July 2010) Asian Daily – Geely Auto; Credit Suisse Analysis; Analyst: HungBin Toh CIMB (28. Sep. 010) Geely Automiles Holding LTD; CIMB Reasearch; Analyst: Cheam, The Shen JP Morgan (26. Sep.
2010 ) Geely Automiles Holding LTD – Initiating Coverage, JP Morgan Asia Pacific Equity Research; Analyst: by romeo impulsiveness essay Li, Frank Deutche Bank (26. Aug. 2010) Geely Automiles Holding LTD; Deutche Securities Asia LTD; Analyst: Ha, Vincent Yuanta (26. Aug. 2010) Geely Automiles Holding LTD; Yuata Research; Analyst: Wong, Johnny Websites: Reuters (http://www. reuters. com/finance/stocks/analyst? symbol=0175. HK) Appendix A: Restated income statement Appendix B: Restated Balance Sheet. Appendix C: Overview of Analysts opinion Source: Reuters (http://www. reuters. com/finance/stocks/analyst? symbol=0175. Female Student Thesis! HK) ——————————————– [ 2 ]. Industry average figure reference: http:// www. stats. Romeo And Juliet Essay! gov. cn [ 3 ]. Property, plant and equipment are depreciated on a straight-line basis at the following rates per fingerprint attendance system [ 4 ]. Goldman Sachs, China: Automobiles, May 19, 2010 [ 5 ]. Business Monitor International, BMI China Auto’s Report 2010, November 2009 [ 6 ]. Global Times, China’s Expanding Auto Production Triggers Overcapacity Concerns, July 19 2010. Haven’t found what you want? 12-22 Newhall St, Birmingham B3 3AS, UK [emailprotected]
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salary resume format FAQ A relating to your career, job search, pay, salary, resume/ CV, interviewing… etc. On this FAQ A page you can either: Browse the frequently asked questions answers Ask a career or job search related question Comment or ask a question related to an answer that’s posted. Click on and juliet, any of the following FAQ, for the answers: Frequently asked questions Answers- Career: Are the resume tips, cover letter tips the form job resume, sample resume format you have on your site applicable when applying for a teaching job overseas?
Answer: The resume writing tips, cover letter tips sample resume format on romeo impulsiveness, our site are general, so they can be used with some modifications to match the job requirements you are applying for. Each cover letter should be tailored for the position you are applying to, regardless of the position or location you are applying to. Coming soon online career coaching. Frequently asked questions- Salary/ Pay Rise: . Question: I am applying for jobs online that ask for ‘desired salary’. Duke Thesis! Is it a good idea to indicate what I’d like to make? Answer: It is and juliet impulsiveness essay best to chapter 3 variables and constants answers, indicate that your salary expectations are negotiable. Try to delay discussing your desired salary or salary requirements until you are offered the job, if possible. Question 3: I have been asked to attend a job interview in a different city., so will need an airline ticket, hotel room for one night a rental car or taxi. Romeo Impulsiveness Essay! Should I ask them if they expect me to pay for chapter and constants critical thinking, these interview travel expenses or will they pay? Currently I am only working part time.
Answer: It really depends on and juliet impulsiveness essay, the company. Some companies will actually book the flights hotel rental car pay through a company account. Some will ask you to pay, then to and constants critical, submit the expenses after your trip in the form of an romeo essay, expense report, then they will reimburse you. Some may ask you to pay for the expenses. You can simply ask if they will reimburse these interview travel expenses, or if you have to pay. If you have to pay, you can decide right away if you want to be working for them take it from gay essay, there. How to ask for a pay raise request letter. Question 3: How to ask for a pay raise request letter and how much should I ask for?
A pay raise request is usually asked for romeo and juliet impulsiveness, or requested by chapter and constants answers setting up a meeting with your immediate manager and by discussing the pay raise request in the meeting. Essay! So unless you were asked for a pay raise request letter, which is system rare, you usually don’t need to and juliet impulsiveness essay, write a pay raise request letter. If you need to write a pay raise request letter, follow the general tips outlined in our Pay Raise Tips . There is fingerprint attendance thesis no standard method for a pay raise. Regarding how much to and juliet impulsiveness, ask for, that really depends job market conditions, your level of expertise in fingerprint attendance thesis, your field and romeo impulsiveness, also depends on duke student, how much you are confident you are worth to romeo essay, your employer. And Constants Answers! If you don’t ask, the romeo essay, boss may simply give you a small pay raise and consider you would be happy with that.
It is always best to ask for more than you are expecting and then negotiate, because you rarely get exactly the pay raise that you ask for. Let me work work with you so you can negotiate the best pay raise salary. Attendance System! Email me at email@example.com for and juliet impulsiveness, an initial obligation free discussion. Ask my boss for a pay rise - Pay Rise Review. Question: Every time I ask my boss for chapter critical thinking, a pay rise, he only brings up minor mistakes I have made and ignores my major achievements. Any suggestions? Answer: This is not uncommon sometimes occurs at salary or pay rise reviews. Ask your boss to list to you what will qualify you for a pay rise next time, what you need to work on romeo and juliet impulsiveness essay, and what the timeframe is. 3 Variables Critical Answers! If he lists these minor mistakes, it would appear that they are important to your boss and you would need to work on romeo and juliet, them. If he doesn’t list these minor mistakes, you can inquire why he hasn’t.
Next time the gay essay, pay rise come up, bring up the list in the meeting go over each item with him/ her. This would make it harder for the boss to essay, refuse the pay rise, if you qualify based on the list. Salary increase request letter- Frequently asked questions answers: Question 6: I was asked to duke female, write a salary increase request letter to essay, justify the salary increase, as I have already accepted several additional responsibilities with my current employer. Can you give me some tips?
You probably could have negotiated a higher salary increase if you finalized/ negotiated the fingerprint, salary increase prior to and juliet, accepting the additional responsibilities. Sounds like your manager may want a salary increase request letter to farewell research paper, show to romeo impulsiveness essay, his/ her senior manager or just wants it for fingerprint system thesis, the record. In your justification, explain the romeo, additional value you bring to the company, your achievements with the company so far … etc. We suggest being firm, by using words like “I deserve so so” or I want this higher pay because I have earned it I deserve it” and fingerprint attendance thesis, do not use words like “I’d like” or “I hope” or “I guess”. And Juliet! We also suggest your justification be in bullet points. Question: I have been offered a promotion at form job resume, my present company to romeo impulsiveness, a managers role.
But I have to relocate to farewell research, Sydney, Australia, which is an area I don’t know. Should I ask for and juliet impulsiveness, relocation pay, time off to find somewhere to live, negotiate pay and anything else I should be asking in terms of moving to a more expensive area? Answer: It really depends on the company. Some companies will offer you paid accommodation for a number of weeks paid time off to find a suitable place to live. They’ll also pay a certain amount to cover moving your furniture or they will arrange and chapter and constants thinking answers, pay a moving company to do so. We suggest you negotiate to get this assistance. As far as your salary, compare the romeo and juliet impulsiveness, cost of farewell living in your city with that of Sydney ask for an amount to compensate you for the difference. Romeo And Juliet Impulsiveness! Obviously you need to gay essay, negotiate be flexible. How can I write a reference page for a resume?
Answer: Use a separate paper and title it “references”. Then list the name of your first reference. Below that list his/ her title, then list the company they work at. Then list their contact phone numbers. Repeat this for the next reference….etc. Romeo And Juliet Impulsiveness! Usually list three references, if possible. Answer: CV is short for ‘Curriculum Vitae’. A CV or ‘Curriculum Vitae’ is farewell to arms paper a marketing tool that contains information about romeo and juliet essay you, your knowledge, education, skills and employment details. Attendance! Your CV must be well presented and and juliet impulsiveness essay, show the accomplishments, strengths and farewell to arms paper, achievements relevant to the position you are applying for. Impulsiveness! See our CV writing tips, CV action verbs cover letter sample format . Question 2 : I have two confirmed job offers.
I like company B more, but they are paying considerably less. Do I accept the company B’s offer or ask company B to match the offer of the gay essay, company A? Also, should I try to get more out of company B by romeo and juliet essay telling them that I have another job offer? By the way I am currently unemployed, as I was laid off by my last employer 6 months ago. First, it is a good idea to review compare the whole salary packages not just the base salaries. If company A’s salary package is also lower than company B’s as you like company B more, you can be upfront with them tell them that you have another job offer, but you prefer company B. You can try to negotiate with them.
Ensure that they don’t get the impression that you are going to gay essay, go back forth between the two companies, as that can backfire plus you don’t want to burn any bridges. If you are happy with the result, it is best to accept offer B. If you are not happy with the and juliet, result , you can mention to company A that you have another job offer see if you can negotiate with them. This really depends on how much risk you want to take depending on your priorities, as they are already paying more than company B you are not currently employed. It may be safer to accept company A’s offer. Question 5: After getting an offer from another company, my current employer offered me 5% more than the offer I got from the other company. I don’t know what to do. Gay Essay! Do I negotiate with the other company or do I accept my current employer’s higher offer?
First you should evaluate compare other factors such as career paths, the companies, the actual jobs, job security…etc. Questions that come to essay, mind: If you are worth that much more, why didn’t your current employer pay you accordingly before you got the other offer? So you had to force them to pay you more! How will they treat you after this in gay essay, the future? You can tell the other company that you have a higher offer from your company BUT it could backfire, as they may think, if they give you more, you may go back to your current employer ask for more… etc. Impulsiveness Essay! So be very careful if you decide to negotiate further with the other company.
Probably the safest option would be to duke, tell the other company that you decided to essay, accept their offer (assuming you want to duke female, do this), but see if they can improve the romeo and juliet impulsiveness essay, offer as your current company has offered you more, but make it clear that you have no intention of staying with your current employer (again assuming you don’t intend to stay with your current employer) make it clear that you won’t continue to go back forth between the two companies. Let me work work with you so you can negotiate the best salary. Email me at firstname.lastname@example.org for an obligation free discussion. Question 8: I have been asked to relocate to a small town as part of a restructure within the company I work at. The company will pay for all the relocation expenses to the small town I am happy at this company, but I don’t like the small town life, as I am a city person. Social Selected Asia Pacific! My immediate manager knows I don’t really want to and juliet essay, relocate to female, a small town, but it’s not up to him. Romeo! So can I simply refuse to chapter thinking, move or do I tell them either I don’t move or I will resign ? Answer: I would evaluate this based on my personal circumstances such as the position, finances, age what risk I can take or would be willing to take. Also, how easy would it be to get another similar job in and juliet essay, the city. As for if you can simply refuse to female, move or to simply resign if they insist that you relocate, it depends on romeo essay, the laws of the state or country you live in insurance case studies pacific, and on the company policies. And Juliet Impulsiveness! But if the company needs you to move to female student, the small town if it is easy for them to replace you, then it is probably best to romeo and juliet impulsiveness essay, tell them your preference, without refusing to relocate, and if they insist, then may be you can relocate while starting to look for another job elsewhere. Gay Essay! Again it depends on your personal circumstances.
A related topic. Question 4: I had several interviews last month two of them went very well they both told me they would contact me within a week. The rest of the interviews were also good. Romeo And Juliet Impulsiveness! I sent thank you letters to thesis, all the companies as I always do. I felt very confident that i would get an offer from romeo impulsiveness, one of the companies, so I have taken it easy with the job search since then, but no one has contacted me. I have called left messages, but nothing yet. It has been over a month now, so should I try to contact the companies again? Some companies take longer to decide. You can always follow up or contact them again. Regardless, during the form job resume, job search, it is best not to stop or slow down until you have a job offer.
Question 4 : What is essay your expected salary? This question is thinking usually asked in job applications at job interviews. How should I answer this question? It is best to impulsiveness, delay answering this question by saying something like “my starting salary requirements/ expectations are negotiable” or “I am sure we’ll agree on a starting salary” The reasons for delaying answering this question are: If your expected salary is gay essay less than their budget for the position, you may miss out on getting higher salary. If your expected salary is higher than their budget for the position, they may eliminate you. So, let the romeo and juliet impulsiveness essay, employer decide to hire you first, then discuss the studies from, starting salary. At this stage, you will be in a much better position to negotiate a higher salary and to secure the position.
Always negotiate after you are offered the job, but before you accept the offer. We frequently add new FAQ A. Question 1: I really hate cold calling and I just can’t do it, so do you have any hints for me so I don’t miss out on un-advertised jobs? Answer: Cold calling can be discouraging that’s why many don’t like it. It can be very rewarding due to very little competition. In order not to miss out on unadvertised jobs/ hidden job market completely, you should at least network, by letting as many people as you can know that you are looking for romeo impulsiveness, a job, even if they are in selected asia and the pacific, a different field or industry. Contact talk to romeo and juliet, previous employers, associates, customers, suppliers, other parents, neighbors, people in to arms paper, clubs you belong to …. Impulsiveness! etc.
Also check job openings posted on websites of companies that interest you. Also, check the research paper, links on those websites, as they are usually related. See the hidden job market. KMD-Solutions has been featured “Website of the month” at the West Virginia University website, West Virginia, USA.
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Essay On Impulsiveness In Romeo & …
Cupiddeedee.com All rights reserved. Essay? Website by Giien. Farewell To Arms Research Paper? This topic contains 0 replies, has 1 voice, and romeo and juliet impulsiveness essay, was last updated by farewell paper, kedsavinite 1 week, 1 day ago. Paul Simon Student Essay Contest Rock Valley…The Paul Simon Student Essay Contest challenges students to compose a 500-word essay on romeo impulsiveness essay, How My Community College Has Changed My Life. Paul Simon Critical Essays eNotes.com Essays and criticism on Paul Simon Critical Essays .Song Writing of Paul Simon :: Music -… Paul Simon ?s The Sound of gay essay Silence Essay Paul Simon#039;s The Sound of Silence A poem, like all other works of art, may appear as an inter-subjective truth, I am A rock Paul Simon Essay #8212; essays research… Paul Simon said that the romeo and juliet impulsiveness, person or people in his poem were sick of gay essay society, and impulsiveness, wanted to be isolated away from society.
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Essay on and juliet impulsiveness the Importance of Library. The library occupies a very important place in school. With its books suited to the interests and aptitude of attendance, students of and juliet impulsiveness essay, different age group, with its magazines, periodicals, news papers and with its calm and tranquil atmosphere it has a special call to the students who go there and quench their thirst for reading the material which cannot be provided to them in the class room. Here they find an environment which is conductive to attendance, the building up of habit of self learning. The library is the center of the intellectual and social activities of school. The library has got very wholesome effect over the work of school. Habit of reading can be cultivated, when students get practice in reading and reading habit in romeo impulsiveness essay the beginning are made firm when students get that material to farewell to arms research paper, read which interests them and romeo essay occupies their attention. In the class room the form job resume, books that are prescribed may not serve the purpose, some students may not be in romeo essay a position to purchase all books that they want to read, while others may not find books that are of interest to them.
Interests differ, aptitudes vary, individual capacities present a wide variation in students’ reading capacities. In the library each has what he wants, each goes at the speed to attendance, which his capabilities allow him to go. The library is thus, a common platform upon which all students meet on a common level with equal opportunities. It is the romeo, nucleus of the school environment, the center of the intellectual activities of the school. The library may be regarded as an essential instrument for putting progressive methods into practice. But it is most unfortunate that in a large number of schools there are at duke present no libraries worth the name. The books are usually old, out-dated, unsuitable, usually selected without reference to the students’ tastes and interests.
They are stocked in a few book shelves, which are housed in an inadequate and unattractive room. The person in charge of the library is often a clerk or an indifferent teacher, who does the work on a part-time basis and has neither love for books nor knowledge of library technique. What makes this situation particularly difficult is the fact that most teachers and headmasters and even the and juliet impulsiveness essay, educational administrators and authorities do not realize how unsatisfactory this position is and, therefore, hey have no sense to take necessary steps for improving the condition. The library must be made the most attractive place in chapter 3 variables critical thinking the school so that students will be naturally drawn to it. It should be housed in a spacious well lighted hall. Impulsiveness Essay? The book shelves, tables, chairs, reading desks should be carefully designed with an eye to artistic effect as well as functional efficiency. Gay Essay? As far as possible the open shelf system should be introduced so that students may have free access to books. The success of library depends largely on the proper selection of books, journals and periodicals. Romeo? There should be a small committee of teachers, for selecting the books for and constants the library.
The guiding principles in selection should be, not the impulsiveness essay, teacher’s own idea of what books the students must read but their natural and psychological interests. The Commission recommended that trained librarians who have a love for books and social health insurance selected studies asia and the pacific understanding of student’s interests should be provided in all secondary schools and all teachers should be given some training in romeo and juliet impulsiveness essay the basic principles of library work in the training colleges as well as through refresher courses. As the proper use of well equipped school library is absolutely essential for system the official working of every educational institution and for encouraging literary and cultural interests in students, every secondary school should have such a library. Class libraries and subject libraries should also be utilized for romeo the purpose. The subject teachers should be in charge of subject library. Competent subject teachers can enrich their teaching greatly with the help of small collections of books in their own subjects. This should not be confined to text books only. Advance works, reference books, books on related subjects and allied field, all these will find a place in that collection.
Most of the teachers in fact, have no idea of what a majority of students are reading or whether they are reading at all. So the Commission recommended that a systematic register should be maintained and each student must be allotted a few pages of the register in which all books studied by form job resume, him are entered date-wise. This procedure will be very much helpful to romeo impulsiveness, the class teachers and headmasters to give necessary advice and encouragement to individual student for developing their reading habit. On the other hand each student is expected to maintain a diary in which he may enter date-wise, the names of all the books (with the names of the Authors) which he has read together with brief quotation or extracts that may appeal to him. The Commission further suggested that where there are no separate public libraries, the school libraries should, so far as possible make their facilities available to form job resume, the local public and all public libraries should have a special section for children and adolescents. (i) It supplements class work by romeo, increasing students’ vocabulary, quickening their intelligence and extending their general knowledge; (ii) It enables the students to gay essay, prepare themselves for taking part in the various co-curricular activities of the school. They get information which is very helpful to them in taking part in debates, giving lectures and writing for the school magazine; (iii) It develops habits of the students to derive pleasure and and juliet impulsiveness essay information from recreational and informative books; (iv) It broadens their outlook by placing a vast sphere of information before them; (v) It imparts training to the students for the proper use of books; (vi) It gives students training in punctuality by impressing ‘ upon them the necessity of returning and borrowing books at a fixed time; (vii) It provides suitable books to the students to satisfy their hunger of reading books and saves them from the harmful effects of chapter 3 variables and constants answers, reading unsuitable and injurious literature; (viii) It inculcates in the students the habit of silent reading ; (ix) It provides an opportunity to make the best use of leisure time thereby lessening the chance of indiscipline in the school. In the history of Indian Education the importance of Secondary Education Commission is of great significance. And Juliet Impulsiveness? Prior to this, various Commissions and Committees recommended for the improvement of fingerprint attendance thesis, secondary education, but adequate steps were not taken at different levels for its practical application. The present system of secondary education was introduced by the British authority. And Juliet Essay? But within the hundred years of from asia and the pacific, its existence there was no remarkable improvement in the field of secondary education.
When everybody was feeling intensely for romeo and juliet impulsiveness a progressive and workable change at thesis this level, the Secondary Education Commission submitted its report with constructive suggestions. The Commission attempted to investigate all the fundamental problem pertaining to secondary education and recommended certain concrete measures for eradicating the evils that stood as stumbling block on the path of the progress of education. It probed deep into each and every aspect of the secondary education and made more practical and sound recommendations than those made by other Commissions appointed in the past. The government took initiative to implement some of the recommendation only because those were befitting to the time and made in the light of the and juliet, recommendations of other Commissions and Committees. The Commission has put forth sincere efforts to rectify those defects persisted in duke female student thesis secondary education i.e. predominance of bookish and literary knowledge, lack of vocational and technical-education, defective system of examination, shortcomings inherent in the managing bodies and organisation of schools etc. Realizing the futility of single track institutions the Commission gave entirely original suggestion for the establishment of ‘Multipurpose Schools” catering to impulsiveness, the needs of the various ability, aptitude and social health selected asia pacific interest of the romeo and juliet impulsiveness, students. One of the most vital problems that confronting the country at present is the development of agriculture and industry. Inclusion of these subjects in the curriculum of the secondary education and emphasis of education in them is a notable feature of the Commission. For improving the chapter 3 variables and constants critical thinking answers, progressively deteriorating conditions regarding discipline, reorganization of administration and and juliet impulsiveness management of school at this level, the chapter and constants critical thinking, commission gave certain practical suggestions.
It also made proposals for bringing about a greater diversity and comprehensiveness in educational courses which would include both general and vocational subjects. Besides, other suggestions for reforming examination and evaluation system, diversified of studies, improvement of teachers’ lot, reform of private management etc. Impulsiveness Essay? are merely repetition and chapter and constants critical thinking answers lack the and juliet essay, spirit of departure from the beaten track. Different Commissions and Committees appointed earlier also highlighted some of these things. As government was not so very keen in eradicating the fundamental defects in the sphere of secondary education, root and branch, the tangible result could not be arrived at. In-spite of the merits and significance of fingerprint system, these recommendations there are certain limitations and shortcomings which should not be lost sight off.
As a matter of fact the Commission has endeavoured to mould the pre-existing pattern of secondary education by essay, suggesting improvements and changes which are not very sound and effective. Social Health Selected Case From Asia Pacific? Moreover, insufficient attention has been paid for the improvement of female education and suggestion for teachers training is merely conventional. Its suggestion for financial resources and government responsibilities Sin this regard are most inadequate. In-spite of the above shortcomings and limitations it can be said that the recommendations of the Secondary Education Commission opened a new era of reconstruction and reform of education at the secondary stage. These recommendations have got far reaching consequences and are likely to go a long way if faithfully implemented keeping in view to strengthen the weakest link in the system of impulsiveness essay, education of the country.
Steps were taken during 2nd plan to implement pattern of reorganization of secondary education as recommended by S.E.C.” Accordingly financial allocation was made in the budget. Government took effective measures during 2nd plan period to introduce crafts and diversified courses, better facilities for science teaching, establishment of multipurpose schools and junior technical schools as well as upgrading of the high schools to higher secondary schools. In the 1st plan about 250 multipurpose seconds were established. About 1150 high schools were converted into higher secondary schools by the end of the 2nd plan. As a result of the government’s effort secondary education expanded considerably. At the end of the 1st plan the number of all types of form job resume, secondary schools was 32,568 with 8,26,509 students and romeo and juliet essay the number increased to 66,920 with 1,81,22,356 students by the end of gay essay, 2nd plan. One of the major aims of the 3rd plan was to romeo impulsiveness, expand and intensify the educational effort and to bring every home within its fold so that in all branches of national life, education becomes the focal point of planned development.
Education programmes embodied in fingerprint system thesis the 3rd plan were comprehensive in scope. The programme for the reorganization and improvement of secondary education, which had been implemented during 2nd plan period was continued. It was designed both to enlarge the romeo impulsiveness, content of secondary education and to make it a self contained unit within the educational process. During 3rd plan measures were taken for the conversion of high schools into higher secondary schools, development of multipurpose schools with provision of fingerprint thesis, a number of elective subjects, expansion and and juliet essay improvement of facilities for the teaching of science, provision of educational and vocational guidance, improvement of the examination and evaluation system, enlargement of facilities for vocational education, increased facilities for the education of girls and the backward classes and encouragement to merit through scholarships. However steady progress was maintained during this period and the number of schools increased considerably. The number of higher secondary schools increased from 3,121 to 6,203 and the number of 3 variables and constants critical, secondary schools increased to 90 thousands with 300 lakhs students by the end of 3rd plan. During 3rd plan Indian Education Commission was appointed under the chairmanship of Dr.
D.S. Kothari, which is popularly known as Kothari Commission, 1964-66. Romeo And Juliet? The Commission aimed at an entire overhauling of the existing setup. Besides many other things it pleaded eloquently for the improvement of secondary education and recommended that: (i) Enrolment in secondary education should be regulated during the next twenty years by proper planning of the location of secondary schools, maintaining adequate standards and to that end, by determining the enrolment in terms of form job resume, facilities available and selecting the best student; (ii) A developmental plan for secondary education should be prepared for each district and implemented in a period of romeo and juliet, ten years, (iii) The best students should be selected for admission into secondary schools, through a process of self selection at the lower secondary stage, and on the basis of external examination results and school records at the higher secondary stage; (iv) Secondary education should be vocationalised in a large measure and enrolments in vocational courses raised to 20 per cent of total enrolment at the lower secondary stage and 50 per cent of total enrolment at the higher secondary stage by 1986. (v) A variety of part-time and full-time facilities in vocational education should be available at both these stages to social health selected case studies from asia pacific, meet the needs of the boys and essay girls, in urban and rural areas. Special sections should be set up in attendance thesis the education department to help young pupils who drop out after class VIII or VII to romeo and juliet impulsiveness essay, obtain training on a full time or part time basis, and to be in overall charge of the organisation of these courses; (vi) The central government should provide special grants to state governments in centrally sponsored sector for the vocationalisation of secondary education; (vii) Facilities for part-time education should be provided on a large scale at the lower and higher secondary stages in general and vocational courses. Special emphasis will have to be placed on duke student agricultural courses or those who have taken to farming as a vocation and on courses in home science or household industries for girls; (viii) Efforts should be made to accelerate the expansion of girls education so that the proportion of girls to boys reaches 1 : 2 at the lower secondary stage and 1:3 at the higher secondary stage in 20 years ; (ix) Emphasis should be placed on establishing separate schools for girls, provision of hostels and scholarships and part-time vocational courses; (x) a national policy for the location of and juliet, new institutions for form job resume each category should be adopted so as to avoid waste and duplication; (xi) Vocational schools should be located near the industry concerned; (xii) In non-vocational schools, a common curriculum of romeo impulsiveness, general education should be provided for the first ten years of school education and diversification of studies and specialization should begin only at the higher secondary stage; (xiii) At the student, higher secondary stage courses will be diversified in such a manner as to enable pupils to study a group of any three subjects in depth with considerable freedom and elasticity in the grouping of romeo and juliet impulsiveness essay, subjects. In order to ensure the balanced development of the adolescents, total personality the curriculum at this stage should provide half the gay essay, time to the languages and one-fourth to physical education, arts and crafts, moral and spiritual education. After the recommendations of essay, Kothari Commission, following measures were taken during 4th plan for the qualitative improvement of form job resume, secondary education.
(i) Enrichment of the content of romeo and juliet impulsiveness, secondary education by adding one more class to the high school and making it higher secondary course of duke, 11 year duration. (ii) Implementation of a long range programme of examination reform aiming at a closer integration of educational objectives, learning process and romeo essay methods of evaluation. (iii) Conversion of high schools into and constants thinking higher secondary and multi-purpose schools. Besides, improvement of science education, implementation of the pilot projects for the introduction of work experience and vocationalisation, development of school complex etc. were some of the essay, measures undertaken during 4th plan period. As a result of the farewell research paper, different measures, the number of schools at romeo the secondary level increased considerably.
By the year 1973-74, 74.40% boys and 29.60% girls were reading at the secondary stage. Different states accepted the new-pattern of education and introduced this system according to their own convenience. Though there is a lot of confusion and feeling of anxiety in the minds of the people regarding the practical application of the new pattern, yet in chapter thinking answers the overall interest of the student population and for national integration there is great need of a uniform pattern of education. So steps were taken to romeo and juliet impulsiveness essay, accelerate the pace of progress in implementing the new scheme. It was not only for the sake of and constants critical thinking, uniformity that the new structural pattern was introduced, but it was meant to provide definite stages for pupils to branch off from the academic streams. If provision would not be made for students to branch off to vocational courses after completion of the particular stage of romeo, education, the change of pattern would only partially achieve the objectives and students who would do better in vocational courses would tend to go in for general education.
During 5th plan, the objective in this sector was consolidated and controlled expansion. In order to social health studies from and the, raise the romeo and juliet, standard of education reorganisation of the curriculum, improvement of the methods of teaching, reforms in the system of chapter and constants critical thinking, examination, development of instructional materials and and juliet essay text books were undertaken during 5th plan period. Even then the achievement in farewell to arms research paper this sector was not encouraging. So there were concerted efforts to achieve predetermined targets and objectives within the stipulated period. In the 6th plan, for the success of the and juliet essay, new education policy of 10+2+3 necessary changes were made in gay essay the curriculum at the school stage in order to relieve the burden on the child and make it realistic. It was expected that enrolment in secondary schools during the plan would be about 30 lakhs.
It had been proposed to achieve this objective by better and efficient utilisation of present secondary schools instead of opening new ones. However, the target would be fulfilled only through hard and sustained work, original and and juliet creative thinking, devotion and involvement of personnel associated with the planning and implementation of the new-pattern of education. The country had formally adopted a uniform pattern of education viz, the 10+2+3 pattern, consisting of 10 year school education followed by a two years higher-secondary or equivalent and !a three year degree course. Yet there was no uniformity in 3 variables critical the number of years one spent in and juliet impulsiveness essay the three stages of school education; primary, upper-primary and secondary. However, classes VI to form job resume, VIII were taken as components of the upper-primary stage. When the impulsiveness, first and second All India Educational Surveys were conducted in the years 1957 and 1965, respectively, a distance of three miles or approximately 5 kilometers was considered to be a convenient walking distance for children in classes VI to VIII.
Gradually, the distance limit was brought down to three kilometers. Duke Female Student Thesis? Besides, the pattern of upper primary schools prevailing in respective states and impulsiveness union territories varies. Therefore, the facilities for higher-primary education were available in form job resume different types of schools. Some secondary and and juliet impulsiveness higher-secondary schools also had upper-primary classes attached to them. Unlike primary schools, the fingerprint attendance system thesis, upper- primary schools were also managed by the government, local bodies, private bodies etc.
As the government had been giving a major thrust to the expansion of education in rural areas, private managements had been playing a dominant role in urban areas. However, the overall annual increase in enrolment at the upper primary stage between the third and fourth survey was found to be 5.75 percent while that of between the fourth and fifth survey was 6.8 percent. Romeo Impulsiveness? An encouraging feature was that the rate of increase in enrolment had been more in rural areas than in urban areas. The period between the first and attendance thesis the second survey witnessed a sharp increase in the percentage of habitations which had access to secondary stage education either within the habitation or up to a distance of eight kilometers (five miles). But it was reduced to five kilometers by the time of the third survey. The fourth survey (1978) revealed that 72.54% habitations were served by secondary education within eight kilometers, which was increased to 78.92% by the fifth survey. In fact, it revealed that the facilities of secondary education had been extended to a larger number of romeo essay, habitations covering a higher proportion of rural population.
As such, there were 52,560 secondary schools in India by 1986. Social Insurance Case Asia And The Pacific? Of these, 38,862 were located in rural acres and romeo and juliet impulsiveness the remaining 13,698 in urban areas. At the time of 1978 (fourth survey) the number of secondary schools was 36,675. It may be mentioned that the increase in the number of secondary schools during the period between 1973 and 1978 was only 3.5%. The sixth five year plan envisaged for the extended educational facilities in rural and backward areas specially for weaker section of the community in to arms paper the field of secondary and higher secondary education. During this plan period greater facilities for secondary education had to romeo and juliet impulsiveness, provide due to form job resume, the expansion of the base of education at impulsiveness essay the elementary stage. Since secondary education is form job resume, considered as the means of social mobility and economic independence, particularly among the socially disadvantaged. Besides, the plan emphasized the importance of paying special attention to the quality of education at this stage and to improve the internal efficiency of the romeo impulsiveness, system and enhancing the employability of its products. Heathen, there was great need for more sustained and chapter 3 variables and constants planned effort for the qualitative improvement of education at this level. Gradually the demand for secondary education had been growing. The expansion of educational institution at the ground level provided a further impetus to this growth.
For instance the number of upper-primary schools had increased from 1.35 lakhs to 1.46 laks from 1985-86 to romeo impulsiveness essay, 1990-91, respectively. Therefore, during seventh plan provision was made for promoting distance learning techniques and gay essay open school systems. As a result, unplanned growth of high and higher secondary school was checked. Norms for the establishment of and juliet impulsiveness, secondary school were evolved and strictly observed in order to avoid proliferation of chapter 3 variables and constants critical answers, economically nonviable and educationally inefficient institutions. In expanding the facilities, special attention was paid to the needs of backward areas of and juliet impulsiveness essay, under privileged sections of the community. The teaching of science and duke student thesis mathematics at high and higher secondary stage was strengthened and impulsiveness made universal. Moreover, efforts were made to update and modernize science curricula, improvement of laboratories and libraries in schools and ensure the quality of science teachers through large-scale in service training programmes.
In-fact, the progressive outlook of the authority is clearly evident from the introduction of environmental education in the courses of study which formed an important aspect of science education during this plan period. As such, the Socially Useful Productive Work (Work Experience) programme component constituted a link between work and education for the development of positive work ethics and work habits in learners. During sixth plan, a small beginning was made in providing computer literacy to students in selected secondary schools. Based on this experience, steps were taken to extend the programme to cover different aspects of computer appreciation and application. The NPE, 1986 laid down that “access to secondary education will be widened to cover areas unserved by it at present.” As such, it recommended for the strengthening of the research paper, State Board of Secondary Education, reorganization of teacher education along with in service training, examination reform, improvement and modification of the content of secondary education curriculum, strengthening of the open school system, provision of extended educational facilities, special arrangement for talented children with pronounced competence etc. However, there had been a significance increase in the number of secondary schools. It increased from 54,845 in 1987-88 to 59,468 in 90-91 and the quality of education at this stage was enhanced. Because the key issues in secondary education, apart from access, were quality, modernisation and diversification. Though a considerable degree of romeo, uniformity had been achieved in regard to common education structure of 10+2+3, there was a considerable diversity regarding the location of the +2 stage.
In quite a few states it was not a part of the school system. The secondary stage was divided in to two very distinct sub-stages- Secondary (up to class X) which was the form job resume, stage of general education and higher secondary (class XI and XIl) which was marked by differentiation and diversification. For the national system of education the romeo and juliet, NPE envisaged a national curriculum frame work. The work of curriculum revision for the secondary stage was undertaken in almost all the states and the UTs in the light of the guide-lines prepared by NCERT. Further, necessary steps were taken by extending the access to form job resume, secondary education by opening new schools in the un-served areas and by romeo and juliet essay, extending and consolidating the existing facilities with particular emphasis on ensuring substantially increased enrolment of girls and the scheduled castes and scheduled tribes. Besides, greater autonomy was given to the Board of Secondary Education of different states for strengthening their structure and composition. Quality improvement programmes were under taken relating to teacher- education by according statutory and autonomous status to NCTE, strengthening and upgrading the teacher-training colleges to Institute of Advanced studies (IASE) and College of Teacher Education. Moreover, pre-service and in-service teacher training programmes were designed and open school system at this level was extended.
As time went on, the number of secondary schools increased enormously from 59,468 in 1990-91 to 90761 by 2002- 2003. The number of social health insurance from asia pacific, teacher at teacher at this sage was 996054 and teacher pupil ratio was 1:30 by 2002-03. Before publishing your articles on this site, please read the following pages: