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Old April 22nd, 2014, 09:56 AM
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Default ICSI Professional Module ii Financial Treasury and Forex Management Exam paper

Give me question paper for Professional Programme(Module -II) Financial Treasury and Forex Management Examination of Institute of company secretaries of India ?

As per your demand, I am giving you previous year paper of Professional Module ii Financial Treasury and Forex Management Exam of Institute of company secretaries of India.

Question From 2009 paper

Q. Vaibhav Ltd. is engaged in manufacturing of machines used in construction. It
is considering the possibility of purchasing from a supplier a component it now
makes. A supplier has agreed to supply the component in the required quantities
at a unit price of Rs.18. The transportation and insurance charges are Re.1 per
unit.
Presently, the company produces the component from a single raw material in
economic lots of 3,000 units at a cost of Rs.4 per unit. The average annual
demand is 40,000 units. The annual holding cost for company is Re.0.50 per unit
and it has set a minimum stock level of 800 units. The direct labour costs of the
component are Rs.12 per unit. The company also hires a machine at a rate of
Rs.400 per month on which the components are produced. Suggest whether the
company should produce or procure the component

Q. Alfa Ltd. is in the business of manufacturing bearings. Some more product lines are
being planned to be added to the existing system. To manufacture the planned product
lines, the firm needs a machine which if purchased outright will cost Rs.10,00,000.
Modern Hire-Purchase and Leasing Co. has offered two proposals as below :
Proposal – I (Hire-Purchase)
Rs.2,50,000 will be payable on signing of the agreement. Three annual installments
of Rs.4,00,000 will be payable at the end of each year starting from year first. The
ownership of the machine will be transferred automatically at the end of third year.
The company will be able to claim depreciation on straight line basis with zero salvage
value.
Proposal – II (Lease)
Rs.20,000 will be payable towards initial service fee upon signing of the agreement
which is tax-deductible expense. Annual lease rental of Rs.4,32,000 is payable at the
end of each year starting from the first year for a period of three years.
Evaluate the above two proposals and advise the company as to which proposal implies
lesser cost given that tax-rate is 35% and discount rate is 20%.
(Calculations may be
rounded off to Rupee.)









Last edited by Aakashd; February 2nd, 2020 at 10:42 AM.
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  #2  
Old April 22nd, 2014, 06:07 PM
Sashwat's Avatar
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Join Date: Jun 2011
Default Re: ICSI Professional Module ii Financial Treasury and Forex Management Exam paper

Here I am giving you question paper for Professional Programme(Module -II) Financial Treasury and Forex Management Examination of Institute of company secretaries of India in PDF file attached with it ..

1. Comment on any four of the following :

(i) Liquidity and profitability are competing goals for the financial executives.
(ii) Internal rate of return (IRR) of a project is that rate where net present value (NPV)
is zero.
(iii) Tools and techniques of treasury managers are very specific.
(iv) Cost of capital is used by a company as a minimum benchmark for its yield.
(v) Depository system functions just like the banking system.
(5 marks each)
2. (a) Shares of Alfa Ltd. are currently being quoted at a price earnings ratio of 7.5 times.
Retained earnings of the company being 37.5% is `6 per share.

(i) Compute company's cost of equity if investors' expected annual growth rate is 8%.

(ii) If anticipated growth rate is 10% per annum, compute the indicated market price
with the same cost of capital.

(iii) If company's cost of capital is 15% and anticipated growth rate is 11% per
annum, compute the market price per share assuming other conditions remaining
the same.
(6 marks)
1/2013/FTFM Contd ........
373
: 2 :

(b) A company believes that it is possible to increase sales if credit terms are relaxed. The
profit plan based on the old credit terms envisages projected sales at `10,00,000, a 30%
profit volume ratio, fixed costs at `50,000, bad debts of 1% and an accounts receivable
turnover ratio of 10 times. The relaxed credit policy is expected to increase sales to
`12,00,000. However, bad debts will rise to 2% of sales and accounts receivable turnover
ratio will decrease to 6 times. Should the company adopt the relaxed credit policy,
assuming that the company's expected rate of return is 20% ?
(6 marks)

(c) Following is the balance sheet of Honey Well Ltd. as on 31st March, 2012 :
Liabilities `
Equity capital (`10 per share) 1,80,000
10% Debentures 2,40,000
Retained earnings 60,000
Current liabilities 1,20,000
6,00,000
Assets
Fixed assets 4,50,000
Current assets 1,50,000
6,00,000
Company's total assets turnover ratio is 2.5 times. The fixed operating costs are
`2 lakh and variable operating cost ratio is 40%. Income tax rate is 30%.
You are required to —
(i) Calculate the leverages; and
Attached Files Available for Download
File Type: doc ICSI Professional Module ii Financial Treasury and Forex Management Exam paper.doc (266.5 KB, 53 views)
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