2a) Provide the reader with an introduction to the company you are analysing (CIEL LIMITED). This...

2a) Provide the reader with an introduction to the company you are analysing (CIEL LIMITED). This introduction should provide the reader with a basic understanding of what they do, which industry they operate in, the company information and when their financial statements are prepared. As a minimum, we are looking for you to tell the reader the company the industry is in, when it was formed, what their structure is, what its market capitalisation is and who their auditors are. (Total of 1.5 marks)

Identify both the time period for which the reports refer and when the reports were published. (Total of 0.5 marks)

Expert Solution

CIEL LIMITED

1. What They Do ?
CIEL Limited is a Diversified Investment Company based in Mauritius.

2. Which Industry they operate in ?

a. Agro and Property
b. Textiles
c. Finance
d. Healthcare
e. Hotels and Resorts

3. When their financial statements are prepared ?

The Annual Financial Statements are prepared for Year ended June.
The Last Annual Financial Statements were prepared and reported for Year Ended June,2019 (FY 2018-2019)

In addition the company also presents Quarterly Financial Information for the Following Quarters:
a. July-September
b. October-December
c. January-March
d. April-June

4. When CIEL Limited was Formed ?

CIEL Limited was formed in Year 1912 . Initially it started its opeartins in Agriculture Sector. It is continuously exploring new avenues of development and international expansion.

5. What is CIEL Limited's Market Capitalisation ?

MUR 10.5 billion as at June 30,2019

6. Who their Auditors are ?

PricewaterhouseCoopers (“PwC”) is the external auditor of CIEL. PwC was appointed external auditor of the Group, in replacement of BDO & Co, at the annual meeting of shareholders held in December 2017 and has been re-appointed auditor by the shareholders of CIEL at the annual meeting held in December 2018.

7. Identify both the time period for which the reports refer and when the reports were published ?

Time Period for which Reports Refer : July 2018 - June 2019

Reports Publishment Date : December 20 , 2019

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