Financial performance of LG Electronics India Ltd

Type :

Term papers

Pages :

28 pages

Format :

.doc

Published date :

05/28/2009

Category :

Business & market

Sub category :

Accounting

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Summary :

Company's profile
1. DAC vision and philosophy
2. Core values
Objective of the study
Research methodology
1. Liquidity ratios
2. Activity ratio
3. Leverage ratio
4. Pofitability ratios
5. Expenses ratio
Interpretation of ratio
Classification of ratios
Suggestions
Bibliography

Abstract

"A better life with Digital" is LG electronics Digital Appliance Company's (DAC) mission. LGE DAC has been making ceaseless efforts to create a new culture in our daily life to present convenience to all its customers all over the world. In the midst of the revolutionary era never experience before, LG has taken the initiative to be at the forefront. For instance, LGE DAC introduced the world first internet home network products among many other market innovative products in the global appliance market last year. A futuristic life you have only dreamed about is now available to you.This and many more is attributed to LGE DAC's product leadership and innovative activities, LGE DAC is achieving rapid growth to become the leading global home appliance company. LG DAC is recognized in the market along the world for its innovative home appliances.

LGE DAC's success is based on their Fast Innovative activity, which in tern is based on LGE DAC's management philosophy of" Great Company, Great people" (GCGP). It believes that a great company produce great people and great people makes a great company and this synergistic relationship is the foundation of their success. At LGE, there have been innovators of technology and products that can break into new marketplace for the four decades since the LGE foundation day in 1958. At present, 5300 employee of 72 domestic and overseas establishments lead the way in the global electronics industry.

LG electronics india ltd (LG EIL) is a wholly owned subsidiary of LG electronics, South Korea. The company started its operation in Delhi, in May 1997 and within a short span of thirty months, LGEIL had achieved a turnover of approximately 1,900 crores. LGEIL has introduced its wide range of products to the Indian Consumers and has successfully carved a niche for itself. LGEIL success story is a result of its investment in cutting-edge technology and its relentless efforts to bring home the smiling face.