Anandam Manufacturing Company：財務諸表分析 (Anandam Manufacturing Company: Analysis of Financial Statements Japanese version)

2015年7月、Anandam社のオーナーは、衣料品製造会社の拡大する資金需要を満たすため、追加融資を銀行に申し入れた。オーナーは自社の財務見通しに自信を持っており、過去3年間で収益が4倍に増加し、税引き後利益が驚異的に伸びていた。銀行支店長との長時間にわたる話し合いの中で、オーナーは自社の発展状況と、インドの衣料品・繊維市場の動向および成長機会について説明した。彼は、競争の激しい業界環境において自社が堅調な業績を上げていると確信していた。銀行支店長は融資担当者に、融資申請をできるだけ早く処理し、決定を下すよう指示した。会社の健全性を判断するには、トレンド分析と共通比率表の作成、選定した比率の解釈、基本的なキャッシュフロー計算書の作成が必要となる。Anandam社は融資を受けるのに適した候補だったのだろうか？

In July 2015, the owner of the Anandam Company approached a bank for additional funding to meet the growing requirements of his garment manufacturing firm. The owner was confident about the financial prospects of his firm with its fourfold increase in revenue and phenomenal increase in profit after taxes over the last three years. In a lengthy discussion with the bank manager, the owner shared the development of his company and the dynamics and growth opportunities of the garment and textile market in India. He believed his firm was performing strongly in a highly competitive industry environment. The bank manager instructed the loan officer to process the loan application as soon as possible and make a decision. Determining the health of the company would involve preparing a trend analysis and a common size statement, interpreting selected ratios, and preparing a basic statement of cash flows. Was the Anandam Company a good candidate for receiving a loan?