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The Effect Of Lease As A Means Of Procurement In Manufacturing Organization
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1.3 OBJECTIVE OF THE STUDY
The purpose of this
research work is to undertake a survey of some firms in parts of Nigeria
and to achieve the following:
(i) Study the extent to which these firms have availed of leasing.
(ii) Examine the effect this has so far in solving the logistic and financial problems in these firms.
1.4 SIGNIFICANCE OF THE STUDY
The
study will serve as a data of information that would assist firms that
embark on lease to appreciate the company’s position financial and
otherwise.
(i) It will also provide basis for firms in structuring their lease.
(ii)
The government, equipment leasing association of Nigeria (ELAN) and
other interest groups in supplying their businesses to the business
sector.
(iii) In addition, the study when completed
will serve as a valuable contribution to the body of knowledge and at
the same time serve as a source of useful reference for further research
work.
1.5 FORMULATION OF HYPOTHESIS
The notion that
lease is unavoidable in business cannot be over emphasized, thus to
ascertain the validity of the above statement, the following statements
will be tested to prove the various impact of lease in business.
H0: Leasing does not have positive impact on firms.
HI: Leasing does have positive impact on firms.
H0: Firm does not engage more in leasing rather than outright purchase.
HI: Firm engage more in leasing rather than outright purchase.
1.6 COMPANY PROFILES STUDIO PRESS (NIGERIA) PLC.
The company was incorporated on 9th July 1965 as a private company to
produce exercise books. On incorporation the capital was N80,000 divided
into 31,000 ordinary share of N2 each and 9,000, 6% preference share of
N2 each. The ordinary share were owned equally by a Nigerian and German
who founded the company. The preference shares were then held by
Deutsche Gelleschanft for wirtchaftiche-zusammenarbelt
(Eritiocklungsgesellschaft) a development bank wholly owned by the
Federal Republic of Germany.
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ABSRACT - [ Total Page(s): 1 ]The essence of this research work is to investigate carefully the effects of lease as a means of procurement in manufacturing organizations. Some selected companies were used as a case study like the studio press Nigeria plc at Lagos and Aluminum extrusion industry plc. While carrying out this research work the researcher reviewed the extent to which some firms have availed themselves to leasing and the effect of lease in tackling the logistic and financial problems of these firms. It was also ... Continue reading---
