Strategic Audit – A123 Systems, Inc I. Current Situation A. Current Performance The transportation battery division of A123 Systems, Inc was purchased by Wanziang America Corporation, a division of China’s Wanziang Group. The government and military portions and contracts of A123 Systems, Inc was purchased separately by Navitas Systems, LLC. The vehicle battery division now operates under the name A123 Systems, LLC and is no longer traded publicly. The government and military components of the former A123 Systems now operates as Navitas Advanced Solutions Group. It was delisted from the SEC as of December 2012. The last financial data available through SEC filings is 3rd quarter 2012 and the last fiscal year annual report available publicly is for the year ended December 31, 2011. This Strategic Audit will be using the data available as of the last year of public reporting – 2011. For the year ended December 31, 2011, A123 Systems reported a $258,000,000 net loss and $296,365,000 in net worth resulting in negative ROI of 87%. B. Strategic Posture …show more content…
The corporation intended to use the license of MIT’s patent in nanotechnology, along with expertise from MIT’s nanotechnology development project to develop battery and battery systems that would give consumer product manufacturers a competitive advantage. A123 Systems also stated in its proxy statement that it would stay on the forefront of innovation of new battery and battery systems as well as reduce costs through innovation of the manufacturing process of its
FUTRONICS Inc. is a private company located in Lexington mainly categorized for modems, monitors, disk drives and terminals. It is moreover in to sales and services. This case is about the replacement of Futronics’s central office stores by an outside service provider. In this case supply management manager have an opportunity for investigating selected outsourcing in-house services.
Failure to handle these situations properly can lead to huge product liability suits and even bankruptcy.
The net income was negative from 1989 to 1991. The net income is negative due to the depreciation costs. Operating
A2 Auto Corporation is one of the world’s largest manufacturers and distributors of automobiles and automobile ancillary parts. In its Form 10-K, filed with the SEC, the following information was disclosed.
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What types of diagnoses do the clients in that classroom represent? The adults might have diagnoses of intellectual disability, cerebral palsy, traumatic brain injury, acquired brain injury (cerebral vascular accident, hypoxia etc), Autism Spectrum Disorder, Fragile X, fetal alcohol spectrum disorder, trisomy 21 and/or Down Syndrome.
Postulate 3: Fred’s district is follows this because they are considering several sources of data before reevaluating (pg. 85). Fred’s teacher filled out a Teacher Rating Scale and they are going to re-test him before consideration. They are also allowing students in their district to be considered during different points in their school careers (p85). Fred was not identified in second grade, but they are beginning the process for him to be considered two years later.
• For the year ended December 31, 2004, un-audited Revenue was $1.06 billion up by $196.4 million over 2003’s revenue of $863.6 million. However, the airline reported a Net Loss of $17.2 million, down from Net Earnings of $60.5 million in 2003.
This report is dealing with the case of ACME Electronics vs. Otto Gunter. Gunter purchased a computer from ACME Electronics in 2002. In 2004, the hard drive crashed and he brought it in to ACME Electronics to have it replaced, as well
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Globally, retailers had seen the rise of Rayovac Company and had started stocking the company’s batteries where, by 2005, 19 of worlds 20 largest retail outlets were stocking Rayovac batteries in their more than a million stores world wide. The company by this time through new acquisitions, research and development had a very wide range of products offer than all its competitors combined. All this globalization strategies were very successful and improved the targeted sales volumes and reduction of cost in production and distribution lines with Rayovac attaining a global outlook that it had intended to achieve within a span of less than 5 years.
As Star River is a private company and has not issued stock, we need to make several assumptions when calculating market value of equity and price of equity. Analysis of similar companies reveals that Wintronics, Inc. and STOR-Max Corp. are the most similar firms in the market. To calculate Star River’s market value of equity I used market to book value method. I found M/B for Wintronics to be 4.4 (market price per share/book value per share) and 3.9 for STOR-Max. an average M/B ratio is 4.15, so multiplying Star River’s book value of equity of 47004 by 4.15 I found Star River’s market value of equity to be SGD195,066.6M. Average beta of these two companies is 1.615. The global equity market premium is 6%, and I use 10 year Singapore T-bond yield of 3.6% as my risk free rate.
Northern Alberta, the oil sands development area surrounding Fort McMurray, is the fastest growing economic area in Canada for several years. Obviously Bolster’s total market share in this area was the highest with one third of the total market share it held national wide. Vickers based in Edmonton, Alberta covered 50% of the local market share and 75% of servicing in that area in spite having a national distributor, National Electronics (National). Also local firms preferred to do business with Vickers than National which has their nearest warehouse in Calgary, Sothern Alberta around 750 Km from Fort McMurray. (Exhibit 1)
balance sheet reported an operating loss of $301m (for the first time since 1998) while warning
1. BYD Company, Ltd. (“BYD”) is the world’s second largest manufacturer of rechargeable batteries. Exhibit 1 shows that between 1999 and 2001, BYD’s annual sales grew three times - exceeding RMB 1.3 billion in 2001. Based on the first four months of 2002, BYD’s annual sales are expected exceed RMB 1.6 billion in 2002. Founded in 1995 by Wang Chuan-Fu, chairman and president, BYD has built its reputation by becoming the largest Chinese supplier of lithium-ion batteries to cell phone manufacturers. Exhibit 3 shows that by 2002, BYD was among the top four manufactures worldwide - and was the largest Chinese manufacturer – in each of the three main battery technologies (with about 9% market share in Li-ion