Ukrainian enterprises’ strategy for attracting foreign investments (LLC "UKRAGRO“ taken as an...
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![Page 1: Ukrainian enterprises’ strategy for attracting foreign investments (LLC "UKRAGRO“ taken as an example) by Ievheniy Lutsyk Scientific supervisor: D. in.](https://reader038.fdocuments.net/reader038/viewer/2022100508/56649da85503460f94a94eb6/html5/thumbnails/1.jpg)
Ukrainian enterprises’ strategy for attracting foreign investments (LLC "UKRAGRO“ taken as an example)
by Ievheniy Lutsyk
Scientific supervisor: D. in Ec. Serhii V. Kuzminov
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The structure of the diploma paper
• CHAPTER 1.THEORETICAL AND METHODOLOGICAL ASPECTS OF FOREIGN DIRECT INVESTMENT
• CHAPTER 2. THE ANALYSIS OF TRENDS AND THE EFFECTIVENESS OF INVESTMENT IN AGRICULTURAL ENTERPRISE
• CHAPTER 3. DEVELOPMENT OF STRATEGY FOR ATTRACTING FOREIGN INVESTMENTS INTO LLC "UKRAGRO"
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The objective of the research : the analysis of Ukrainian companies’ strategy in attracting foreign investments into agriculture.
Research tasks:• to determine the economic essence of foreign direct investment (FDI), its types,
forms and peculiarities of effect;
• to analyze the modern scientific methodological approaches to determining the efficiency of FDI;
• to consider international practice of using FDI in agriculture;
• to analyze the state of foreign direct investment in agriculture of Ukraine;
• to make a general characteristic of the enterprise;
• to evaluate the financial state of the enterprise;
• to analyze the investment attractiveness of the enterprise;
• to justify organizational form of foreign investments attraction;
• to make up an investment project;
• to evaluate the economic efficiency of the project.The research object: the LLC agricultural firm "Ukragro".Subject of research: is the attraction of foreign investments in agriculture of
Ukraine.
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The findings obtained in the theoretical section• Foreign direct investment is an investment in which an investor
resident in one country (donor country) places its assets in another country (the host country), subject to receipt (conservation) of control over these assets.
• Foreign investors when investing direct capital in another country, have the right of ownership to the enterprise invested and, accordingly, the right of control over its production activities and distribution of products.
• Analysis of foreign direct investment in agriculture of Ukraine testifies to their small volume. According to specialists, the investment required for this sector of the economy is about 7 billion USD.
• The small volume of FDI in agricultural production of Ukraine is explained, first of all, by the peculiarities of the investment process in this field. Agriculture is too risky sector for investments, because it is influenced by a variety of exogenous factors that man is hardly able to control (natural disasters, epidemics, pests and diseases of agricultural plants and animals).
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Dynamics of LLC "Ukragro" production in 2011-2013
0
200
400
600
800
1000
1200
1400
Зерно Мука Яловичина Овочі (свіжі та консервовані)
Свинина Копченості Мед
тис. грн.
2011 рік 2012 рік 2013 рік
Grain Flour Beef Vegetables Pork Sausage Honey
thousand UAH
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FactorOptimal
value2011 2012 2013
Deviation (+,-)
2012/2011
2013/2012
2013/2011
The absolute liquidity ratio 0,25-0,3 0,018 0,009 0,055 -0,009 0,002 0,046
The quick ratio 0,8-1,0 0,464 0,357 0,452 -0,107 0,032 0,095
The ratio of total liquidity 2 0,945 0,853 0,834 -0,092 -0,006 -0,019
The share of inventories in the amount of short-term liabilities
0,455 0,484 0,277 0,029 0,010 -0,207
Analysis of investment attractiveness of LLC "UKRAGRO"
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Analysis of investment attractiveness of LLC "UKRAGRO"
0,0000 0,5000 1,0000 1,5000 2,0000 2,5000 3,0000 3,5000
Рентабельність продажів
Рентабельність підприємства (сукупного
капіталу)
Рентабельність основних засобів і інших
необоротних активів
Рентабельність оборотних активів
Рентабельність власного капіталу
Рентабельність перманентного капіталу
Коефіцієнт загальної рентабельності
2013 2012 2011
The ratio of the General profitability
The profitability offixed capital
POC
The profitability of current assets
Return on fixed assets and other non-current
assets
The profitability of the company (total capital)
Return on sales
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The strategy of attracting foreign investments for LLC "Ukragro" in a short period presupposes measures in
three main areas
• the investment in technological subsystem to increase efficiency of the enterprise’s activities;
• the investment in the social and labour subsystem;
• the investment in the business subsystems.
Investor - Polish company Globusmax.
The total investment is 264.250 UAH.
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Short-term indicators of LLC "Ukragro“ investment project efficiency
№ Indicator Legend Value
1. Net present value NPV 186,72
2. The internal rate of return IRR 4,87
3. The profitability index РІ 1,71
4. Payback period PBP 7,66
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0,000
0,500
1,000
1,500
2,000
2,500
3,000
3,500
Рентабельність продажів
Рентабельність підприємства
(сукупного капіталу)
Рентабельність основних засобів і
інших необоротних
активів
Рентабельність оборотних активів
Рентабельність власного капіталу
Рентабельність перманентного
капіталу
Коефіцієнт загальної
рентабельності
2011рік 2012 рік 2013 рік Прогноз
y = 0,0431x2 - 0,2296x + 0,3736R² = 0,9981
0,000
0,050
0,100
0,150
0,200
0,250
0,300
0,350
2011 рік 2012 рік 2013 рік Прогноз
Коефіцієнт загальної рентабельності Полиномиальная (Коефіцієнт загальної рентабельності)
Forecast
Forecast
Return on sales
The profitability
of the company
(total capital)
Return on fixed assets
and other non-current
assets
The profitability of current assets
ROE
The profitability
of permanent capital
The ratio of the General profitability
2011 2012 2013The ratio of
the General profitabilityPolynomial
Comparison of the profitability ratios of forecast values according
to the results of strategy implementation
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Forecast calculations of cost reduction from the reconstruction of vegetable-processing plant of LLC
"UKRAGRO" till 2019
Name Amount of savings per year, UAH.
2016 2017 2018 2019
Total 379831 451691 509033 584671
The rates of economy growth to the level of 2014,%
123,4 146,7 165,3 189,9
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Thank you for attention!