The company that has been decided for me is Mobilarm
Limited. Mobilarm Limited is a retail company that sells one of the world’s
leading brands in electronics marine safety equipment. The products that
Mobilarm offer are alerting units, base units and life jackets. In the 2013
financial year, Mobilarm had introduced new products but also have service
offerings and rental solutions available now. Mobilarm’s head office is located
in Applecross, Western Australia. Mobilarm also has locations overseas in Nigeria, the United Kingdom, United States and other foreign countries.
For the financial position of the business, it could be in a
better position. Even though the company is still recording net losses, the net
loss has been decreased from 2012 to 2013. Total assets are a great concern for
the business as there are close to a million dollars in losses. Along with the assets
there was an increase of roughly 150,000 dollars in total liabilities from
2012-2013. With total assets being decreased and total liabilities increasing
it consequently leads to a loss in net assets to over a million dollars from
2012-2013. The equity of the business has also decreased by over one million
dollars. This is due to significant changes in accumulated losses and reserves.
If you have any questions or comments for me,
feel free to ask. :)
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