EMAAR PJSC Financial Company Analysis Term Paper

EMAAR PJSC Financial Company Analysis - Term Paper Example The present study would focus on the Emaar Properties PJSC that was incorporated in Dubai in 1997. The company is involved in property investment and development. It also transits property management services, along with engagement in investment in providers of financial service. The company is also engaged in development and sale of condominiums, commercially viable assets such as leasing and management of land, malls, villas and hotels. It was ranked 462nd in the 11th Financial Times Global 500 and was assigned A- and A3 ratings by Standard & Poor and Moody’s Investor services. The company scale of operations is spread internationally in 17 countries namely Syria, Jordan, India, Pakistan, China, US, Canada, UK. The company currently has a market capitalization of AED 15.3 B with 6.1 B shares outstanding. The group is basically divided into three business segments, namely, real estate (develop and sells condominiums, villas, commercial units and plots of land), leasing and re lated activities (develop, lease and manage malls, retail, commercial and residential space) and hospitality (develop, own and/or manage hotels, service apartments and leisure activities). The group has been witnessing a decline in their key performance indicators in the past five years but FY 2010 turned out to be prosperous as the profitability has grown to a respectable state as compared to the last two years. They are ranked just above average in the industry but the future prospects look bright as UAE has started to recover from the massacre of recession. The construction business will see a boom in the near future and company’s market position will glue back to the one in the year 2007.The company has achieved the recent rise in profitability by improving efficiency and squeezing their expense block. Trend Analysis Trend analysis show positive signs for Emaar Properties. The revenue account has seen a U-curve as it fell from AED 10,717,000 in 2008 to 8413,000 in 2009 bu t it increased by 13.37% in 2010 in comparison to the base year. The y-o-y growth would look more attractive in this case. The company increased its investment in hospitality services which led to the rise in revenues this year. (Khan & Jain, 2007) Gross Profit margin has seen a decline in the last two years. The margin dropped by 21.6% from 2008 in 2009 but increase marginally in 2010. The overall gross profit declined by 13.05% in 2010 as compared to the base year. The cost of revenue has been surging which led to the detrimental decrease. The net income has been the highlight of Emaar Properties’ financial statements. The net income has jumped by a staggering 97.64 in 2009 and jumped by more than a multiple of ten in 2010 as compared to the base year. This rise is primarily attributed to the squeezing selling, administrative and general expenses as compared to the sales (Emaar, 2010). The expenses have risen by a minute proportion as compared to the handsome jump in the sa les. Total assets have shown a marginal fall of 3.8% and 6.26% in 2009 and 2010 respectively. This fall is attributed to the reduction in investments, receivables and intangible assets. Total Liabilities have seen a fall as well. It dropped by 7.39% and 18% in 2009 and 2010 as compared to the base year. Although, the group took up various debt financing facilities but, it was mainly due to restructuring of their previous debt. The market price has surged in the past two years by 70.8% and 57% in 2009 and 2010. The fundamentals in 2007 were better and AED 2.27 justified the price at that time. The market has developed since then but due to weak profitability in the last two years, the price has not jumped to a level which is satisfactory for the group. The price as of

Education System in Pakistan

Education System in Pakistan How important is education for you? Importance of education can be imagined by Nelson Mandelas saying Education is the most powerful weapon which you can use to change the world. That is the most powerful weapon that can change the world is Education. A nation cannot Progress without improving its education. What comes in your mind when you hear the term Education? It is very difficult to define it. Dewey defines education as a form of  learning  in which knowledge, skills, and  habits of a group of people are transferred from one generation to the next through teaching, training, research, or simply through auto didacticism (Dewey, John, (1916)) G. K. Chesterson also argues that Education is simply the soul of a society as it passes from one generation to another. And I feel that it is the most appropriate and comprehensive definition because education is the thing which differentiate two people not money, education tells us the difference between two people. An educated person talks differently, he has more sense to his talk than an uneducated person. The behavior of an educated person is totally different from an uneducated person. When you know better you do better (Maya Angelou). In short education defines a human being. What are we without education? Barbarian? We need educat ion to live in this world we cannot survive without education in this rapidly developing and progressing world if we, as Pakistanis, do not get educated we will not survive in this world for long if we need to move with the world we have to move fast and have to get more educated so that we can progress with the world otherwise we will be left behind and like always other people will bully us. So in here I will talk about the education system of our country, Pakistan, its flaws and good aspect of education system of our country. If a country has a commendable education system then that country is destined to prosper. Because education teaches a person the meaning of life it teaches a man how to live in this world. In the modern era, one can say that education is one of the most powerful weapons for a nation to conquer any combat and to be a sovereign state. Education is something which differentiates humans from animals. Every person is born with brains but it is education which shows us how to use it and use it to make our life easier and more luxurious for ourselves. Being an educated person means you have optimal access to your mind regardless of the situation you are in. (Tarry Malik (2012)) Education helps us understand this world and it teaches us how to make it better not only for ourselves but for the whole world. Education has opened all kinds of doors of enlighten to human kind and shows us the path of progress. It builds the whole society. It enlightens the whole society from the darkness of illit eracy to the light of knowledge. It teaches us discipline. And on the other hand a country cannot progress without improving its education system. Education has many forms; we can see different types of education in our surroundings. The most common type we observe is the formal education which is obtained in many ways. Our formal education starts from school the education we get from school is called primary education in primary education we learn very basic things like basics of maths the four operators addition, subtraction ,multiplications and division we only learn the basics of every subject. As said by Henry Fielding Public schools are the nurseries of all vice and immorality. Then comes the secondary education in this level of the education we learn basics of some complex subjects like biology and physics. Then comes the intermediate level or commonly known as inter level here we learn the advance but not that advance study of the science and we also learn arts subjects such as Urdu and English up to the level that we can write or read all kind of things. After that comes to the bachelors Level where we choose a subject and we learn all about that specific subject like B. A. English. In B. A. English we learn all the grammar and literature of English after the bachelors comes the master level in which we have even more specific field of the topic we choose earlier in the bachelors level and we learn all about that in master level. These are some common phases of education which come into our mind suddenly when we hear the word Education and these phases are called formal education. But education is not limited to formal type only; it has a very broad meaning. Apart from this formal type, other is also an informal type of education. Distant learning is one of its parts. Home and society is the most common source of it. Informal education is education which we get from our surrounding and society and from our daily experiences. And we can also get informal education from television and internet too. Informal education is as important as formal education. In Pakistan presently the institution are following two kinds of education systems, one being private sector and the other government sector. These two sectors cater the needs of the general public. Education system of private sector is more than satisfactory as they provide good teaching staff to their students and the syllabus they teach is also satisfactory. They also provide necessary extracurricular activities to their students. But the real problem is with the public or government sectors education as they neither have efficient teaching staff nor they have teachers which are well qualified for the job, and I think that is the biggest problem of them all, then the syllabus and the courses are not up to the mark. There are no extracurricular activities in public sector too. Apart from these differences, there is a contrast in teaching style and teachers behavior. Teachers are friendlier with their students in private institutes. In these institutes, students are able to learn mo re with more comfort. On the other hand this type of behavior is not common in public sector. A report published in the Journal of Human Resources says that School quality was found to have mixed effects on student achievement. However, in keeping with the estimates of school choice reported in this paper, high pupil-teacher ratios were found to have a uniform negative effect on student achievement, with the effect being particularly pronounced on language skills. This is also consistent with the large negative effect of pupil-teacher ratios on probability of selecting government schools. Finally, private schools were found to have better outcomes than government schools. (Harold Aldermana Peter F. Orazemb Elizabeth M. Paternoc (2001)). Due to this large difference between these two sectors, a common man cares about his children and do not allow the children to be admitted in the government sector. By admitting their child in private sector, most of the people are more satisfied about the future of their children. There are some flaws in the education system of Pakistan. We have very few resources to maintain a good structure of our education system. But the good thing is that our government is very committed to take some steps for betterment of education as National Educational Policy says The Ministry of Education has adopted following vision: Our education system must provide quality education to our children and youth to  enable them to realize their individual potential and contribute to development of society  and nation, creating a sense of Pakistani nationhood, the concepts of tolerance, social  justice, democracy, their regional and local culture and history based on the basic ideology  enunciated in the Constitution of the Islamic Republic of Pakistan. (Ministry of Education, Government of Pakistan (2009)) Our government has not enough budgets for education as we are facing some problems in our financial condition. Government is unable to start new schools, colleges and universities so there is a very few number of government institutes in our country so people have to concern with the private institutes to keep their education going, where they have to face heavy expenditure of education. We cannot blame any government for this flaw because as a state we are facing some serious problems regarding our econo my; we do not have enough assets and in addition to this, terrorism is also damaging the economy. But the good thing is that government is trying to increase its education budget to fulfill the educational expenditure of the country. So after some time we can have improved our number of resources. Also there is a huge unbalance in number of institutes in rural and urban area. There are 163,000 primary schools in Pakistan, of which merely 40,000 cater to girls. Of these, 15,000 are in Punjab Province, 13,000 in Sind, 8,000 in North-West Frontier Province (NWFP) and 4,000 in Baluchistan. (Aamir Latif, Alarming situation by Aamir Latif ()) Another problem in our system is untrained teachers, here we have no such mechanism by using which we can train the teachers. Because teacher is the one who builds the whole society. So he must be well aware of his responsibilities so that he can cultivate civilized and educated citizens. By organizing a community which teaches the teachers that how to behave and teach and also what to teach, this problem can be resolved. Outdated course is also one the major problem. Our educational experts must be well aware of what is happening in the world regarding to every field so that they can update curricula according to the need of time. Examination system is also facing some problems; in our system, class teacher is all and all as for as examinations are concerned. Papers are completely from the syllabus which teacher has discussed in the class but after middle, papers are made by the different educational boards regardless of what is being taught in different institutes and the communication gap between teachers, students and the respective board causes doubt in students mind. By compressing the communication gap, this flaw can be root caused. As discussed above, government should take some steps to improve the educational system of our country. For example they can start with the increase in the educational budget so they can attract good teachers and can build more schools, colleges and universities. It is very important to make more universities cause there is a lot of students who cannot afford private institutes for their further studies and need government universities to study further but due to small number of government universities some students are forced to leave there studies and they get a job to support their families. The government really needs to update their course and syllabus because it is now out dated and there are a lot of mistakes in books. One of the most annoying thing that they should improve or correct is examination system because exams taken by the government is not really meant to test the grip or concepts of the student it is rather based on the fact that how well the student memorize each and every word that is written in the book. The checking system is also not good as they do not give marks properly as there are so many complaints every year. The teaching style of the teachers is also not so much good as the teaching style of the teacher should be such that it brings out the true talent of the child but here teachers only read the text written in the books not explaining it properly not having different exercises with it which is not good enough. Apart from flaws there are some very good aspects of our educational system too. The most clear thing is that in spite of lack in resources and new technology, our system is not only working but one can assure that it is progressing and getting successful to educate the people of Pakistan. Which is clear by the figures During 2005-06, literacy rate for all adults of 15 years and above rose to 51.7% 53.5% during 2007-08 and for young adults (aged 15-24 years) to 67% in 2005-06 68% in 2007-08. Both these rates show improvements from their 2001-02 levels, of 43% and 62% respectively. (Ministry of Education, Government of Pakistan (2009)) So, as I had said that education is very important for every one we should encourage everyone to obtain it because it helps us live in this world it is the reason that westerns are so far ahead of us in every aspect of life. Until we do not get educated we cannot help our country or show our country the path of development and progress the only way Pakistan can progress is with the help of educated people which we lack a lot. So our government should pay special attention towards the development of the educational system of our country so that we can produce more educated people in Pakistan. It is not only governments responsibility to improve the educational system of Pakistan it is our responsibility too to make the educational system of Pakistan more efficient and more effective.

Cause and Effect Essay - Plagiarism and Cheating :: Expository Cause Effect Essays

Cause and Effect Essay - Cheating School systems today are so lenient in their rules, guidelines and consequences; thus causing cheating, copying or forgeries to be frequently used. Many students take advantage of copying someone else's work whenever they are given the chance. Other times, students will simply have someone else do their work and turn it in as their own, not realizing the effects this behavior can create. This creates a lack of creativity, no sense of responsibility and the students will never acquire new knowledge. These practices of cheating, copying and forgery by students are unethical and should be brought to the surface whenever possible. Students that copy other student's work are hurting themselves in the long run. Their creativity level drops every time they copy or have someone else do their work. After a while of copying and forging, the student's ability to think creatively and successfully becomes next to nothing. "Educators must continue to socialize students of all ages about the importance of maintaining high ethical standards," (Glazer 222). The educational system is where students learn these tricks and proceed to carry them on into there professional careers. Corners are too easy to cut these days, and in order for people to keep their minds as functional as possible, they need to do their own work. It is too easy for students to buy a students paper that had the same class the quarter before, reword it a little, and turn it in as their own. Students are no longer able to write a fictional story by themselves because the computer or someone else can do it for them. Students also begin to lose the sense of responsibility when they have other people do their work. They don't feel that they have to do anything to pass a class, only that as long as they turn in a paper, their thoughts or not, they will receive credit for the assignment along with a passing grade. This creates the feeling that life will always be a handed to them on a silver platter. This type of thinking is what is going into the work environment when these people leave the education system.

Mannerism

Manners in Today's Society Good manners have shifted over the past generations from â€Å"caring for others† to â€Å"pleasing ourselves. † With pleasing ourselves comes a loss of respect for one another and its is a growing problem. People no longer take time to interact with one another due to our fast paced high tech lives. We are not the courteous and thoughtful people we used to be. This research paper will explain how our manners have changed and why. In today's society email, IM and text messaging is our main source of communication.This technology is slowly is affecting the way we interact with one another decreasing the amount of time in face-to-face conversation. People text while driving, then flip you off when you beep at them for not paying attention. Then you have the people who talk extra loud on their cell phone in public and they get mad at you when Join into their conversation. If they weren't talking so loud you wouldn't have Joined in. Nowadays a sim ple courtesy smile or hello might go unnoticed because of our inability to look away from the cell phone, lap top or ‘pod.Making the person who gave the smile or hello feel you were being rude, when you were Just preoccupied. Most of us today are way too concerned with pleasing ourselves to lend a helping hand. Holding a door open for someone used to be a natural gesture, now it's can be considered a tedious task. People are more worried about how helping someone will affect their own life, will it put them a little behind schedule or somehow make them late for a dinner? What happened to common courtesy and the reward of Just being able to make someone day?Television also has a big influence on our manners can because the media gives praise to bad behavior and screw ups. Making adults, teens and children think acting rude and obnoxious will earn them popularity amongst friends and peers. When all it really does is make them look and sound foolish. Family talk at the dinner tab le is being replaced with television. Other rude behavior done at the dinner table is testing or talking on the phone, this is a habit children and teens everywhere are doing and it drives most parent's crazy. There are many theories about how we as a society let our manners get to this point.Some experts think parent's are no longer teaching their children common routers causing them to think it is natural to not say please or thank you. Others think technology is to blame. The truth of the matter is bad mannerism are beginning to have an impact on peoples life in a big way†¦ In 2002 a survey conducted by Public agenda show some shocking statistics about manners. In it, 88 percent of respondents said they often or sometimes came across people who were rude or disrespectful, and 79 percent of them felt that disrespect and lack of courtesy were major problems.Furthermore, 62 percent said they were bothered a great deal by engine rudeness in public. Those are large numbers, which clearly shows that more than half of Americans are not pleased with the current situation. Another statistic shows 81 percent of the united states admits to testing while driving while another study shows the average child will watch 8,000 murders on TV before finishing elementary school. By age eighteen, the average American has seen 200,000 acts of violence on TV, including 40,000 murders. At a meeting in Nashville, TN last July, Dry.John Nelson of the American Medical Association (an endorser of National TV-Turnoff Week) said that if 2,888 out of 3,000 studies show that TV violence is a casual factor in real-life mayhem, â€Å"it's a public health problem. † The American Psychiatric Association addressed this problem in its endorsement of National TV-Turnoff Week, stating, â€Å"We have had a long-standing concern with the impact of television on behavior, especially among children. † Having better manners will not only make you standout in a crowd, but it will mak e the person receiving your thoughtful gesture feel uplifted. Mannerism Manners in Today's Society Good manners have shifted over the past generations from â€Å"caring for others† to â€Å"pleasing ourselves. † With pleasing ourselves comes a loss of respect for one another and its is a growing problem. People no longer take time to interact with one another due to our fast paced high tech lives. We are not the courteous and thoughtful people we used to be. This research paper will explain how our manners have changed and why. In today's society email, IM and text messaging is our main source of communication.This technology is slowly is affecting the way we interact with one another decreasing the amount of time in face-to-face conversation. People text while driving, then flip you off when you beep at them for not paying attention. Then you have the people who talk extra loud on their cell phone in public and they get mad at you when Join into their conversation. If they weren't talking so loud you wouldn't have Joined in. Nowadays a sim ple courtesy smile or hello might go unnoticed because of our inability to look away from the cell phone, lap top or ‘pod.Making the person who gave the smile or hello feel you were being rude, when you were Just preoccupied. Most of us today are way too concerned with pleasing ourselves to lend a helping hand. Holding a door open for someone used to be a natural gesture, now it's can be considered a tedious task. People are more worried about how helping someone will affect their own life, will it put them a little behind schedule or somehow make them late for a dinner? What happened to common courtesy and the reward of Just being able to make someone day?Television also has a big influence on our manners can because the media gives praise to bad behavior and screw ups. Making adults, teens and children think acting rude and obnoxious will earn them popularity amongst friends and peers. When all it really does is make them look and sound foolish. Family talk at the dinner tab le is being replaced with television. Other rude behavior done at the dinner table is testing or talking on the phone, this is a habit children and teens everywhere are doing and it drives most parent's crazy. There are many theories about how we as a society let our manners get to this point.Some experts think parent's are no longer teaching their children common routers causing them to think it is natural to not say please or thank you. Others think technology is to blame. The truth of the matter is bad mannerism are beginning to have an impact on peoples life in a big way†¦ In 2002 a survey conducted by Public agenda show some shocking statistics about manners. In it, 88 percent of respondents said they often or sometimes came across people who were rude or disrespectful, and 79 percent of them felt that disrespect and lack of courtesy were major problems.Furthermore, 62 percent said they were bothered a great deal by engine rudeness in public. Those are large numbers, which clearly shows that more than half of Americans are not pleased with the current situation. Another statistic shows 81 percent of the united states admits to testing while driving while another study shows the average child will watch 8,000 murders on TV before finishing elementary school. By age eighteen, the average American has seen 200,000 acts of violence on TV, including 40,000 murders. At a meeting in Nashville, TN last July, Dry.John Nelson of the American Medical Association (an endorser of National TV-Turnoff Week) said that if 2,888 out of 3,000 studies show that TV violence is a casual factor in real-life mayhem, â€Å"it's a public health problem. † The American Psychiatric Association addressed this problem in its endorsement of National TV-Turnoff Week, stating, â€Å"We have had a long-standing concern with the impact of television on behavior, especially among children. † Having better manners will not only make you standout in a crowd, but it will mak e the person receiving your thoughtful gesture feel uplifted. Mannerism Manners in Today's Society Good manners have shifted over the past generations from â€Å"caring for others† to â€Å"pleasing ourselves. † With pleasing ourselves comes a loss of respect for one another and its is a growing problem. People no longer take time to interact with one another due to our fast paced high tech lives. We are not the courteous and thoughtful people we used to be. This research paper will explain how our manners have changed and why. In today's society email, IM and text messaging is our main source of communication.This technology is slowly is affecting the way we interact with one another decreasing the amount of time in face-to-face conversation. People text while driving, then flip you off when you beep at them for not paying attention. Then you have the people who talk extra loud on their cell phone in public and they get mad at you when Join into their conversation. If they weren't talking so loud you wouldn't have Joined in. Nowadays a sim ple courtesy smile or hello might go unnoticed because of our inability to look away from the cell phone, lap top or ‘pod.Making the person who gave the smile or hello feel you were being rude, when you were Just preoccupied. Most of us today are way too concerned with pleasing ourselves to lend a helping hand. Holding a door open for someone used to be a natural gesture, now it's can be considered a tedious task. People are more worried about how helping someone will affect their own life, will it put them a little behind schedule or somehow make them late for a dinner? What happened to common courtesy and the reward of Just being able to make someone day?Television also has a big influence on our manners can because the media gives praise to bad behavior and screw ups. Making adults, teens and children think acting rude and obnoxious will earn them popularity amongst friends and peers. When all it really does is make them look and sound foolish. Family talk at the dinner tab le is being replaced with television. Other rude behavior done at the dinner table is testing or talking on the phone, this is a habit children and teens everywhere are doing and it drives most parent's crazy. There are many theories about how we as a society let our manners get to this point.Some experts think parent's are no longer teaching their children common routers causing them to think it is natural to not say please or thank you. Others think technology is to blame. The truth of the matter is bad mannerism are beginning to have an impact on peoples life in a big way†¦ In 2002 a survey conducted by Public agenda show some shocking statistics about manners. In it, 88 percent of respondents said they often or sometimes came across people who were rude or disrespectful, and 79 percent of them felt that disrespect and lack of courtesy were major problems.Furthermore, 62 percent said they were bothered a great deal by engine rudeness in public. Those are large numbers, which clearly shows that more than half of Americans are not pleased with the current situation. Another statistic shows 81 percent of the united states admits to testing while driving while another study shows the average child will watch 8,000 murders on TV before finishing elementary school. By age eighteen, the average American has seen 200,000 acts of violence on TV, including 40,000 murders. At a meeting in Nashville, TN last July, Dry.John Nelson of the American Medical Association (an endorser of National TV-Turnoff Week) said that if 2,888 out of 3,000 studies show that TV violence is a casual factor in real-life mayhem, â€Å"it's a public health problem. † The American Psychiatric Association addressed this problem in its endorsement of National TV-Turnoff Week, stating, â€Å"We have had a long-standing concern with the impact of television on behavior, especially among children. † Having better manners will not only make you standout in a crowd, but it will mak e the person receiving your thoughtful gesture feel uplifted.

How to hook up to a fire hydrant and pull hose

So when you get toned out to a fire you are going to be told what to do on the way. You need to have full PEP (personal protective equipment). So if you're told to hook up to the hydrant you need to know your Steps. First grab the hydrant bag and throw it to the hydrant you will hop up on the steps and find the rope wrapped around your 5 inch and pull it off then wrap it and hook it up. So to go into more detail about pulling your hose. You are going to make sure when you find this rope and pull it, make sure that coupling doesn't hit you in the head. You should have your helmet on anyway.There should be a 20 foot section n this roped section. When you pull it off wrap that section all the way around the hydrant. If you don't wrap it all the way the engine will pull off and t will take you will it. Once you see its unfolding out of the hose bed you can go ahead and check you duce and a half connections to see if they are tight. If they aren't and you open it up it can blow off and ta ke out a knee. When you are working a hydrant ALWAYS stay behind it! If you stand in front or on the sides of a hydrant you will lose you private area or your knee caps.If the two and a half cap hits you in the knee you probably won't be a firefighter ever again. So after you wrap your hydrant and tell them to go you will start on opening First you are going to want to make sure your two, two and a half caps are it. Tight using your hydrant wrench. Then take you're the big cap off. After you do that you want to open your hydrant just enough to where it flows water. You're going to do this to make sure it's clear of trash so do it till the water turns clear then cut it off. After you cut it off go in your hydrant bag get your storks coupling.Put that on the threads of the big discharge. After you do this unwrap your 5 inch there is a 20 Ft. Section wrapped in a rope. Take your rope off then stretch your hose out so its got a slight bend. You aren't going to want any hard turns in the hose because the more it bends and the more it kinks the less pressure you have going to the pumped. Now after you hook your storks couplings up you're going to wait to open your hydrant till your driver tells you to. After he tells you to open your hydrant SLOW! If you open it to fast you will be fighting to get kinks out of a big hose.Now when you're pulling kinks out don't ever pull in the kinks it will pinch you BAD. Did that once anti ever done it again. Now when you open up your hydrant. Open it all the way then turn it back a quarter turn. If you have any leaks at your connection there's a rubber mallet and spanner wrenches in your hydrant bag. Now if its hydrant to coupling you will us the mallet. If it's in the storks take 2 spanner wrenches get both your locks when you put them on the coupling and turn opposite directions. But make sure it is the right way. Remember rightly tightly lefty loose! Now always remember fire hydrants are Dangerous.