Abstract:
This study titled Financial statement analysis as tools of evaluating the performance of manufacturing companies in Rwanda, a case study of BRALIRWA Ltd. BRALIRWA limited is a public company limited by shares since 9th June 2010 incorporated in the Republic of Rwanda under the law no7/2009 of 27th April 2009 relating to companies and registered by the Registrar General Office under no 100004348. BRALIRWA Limited is a proudly Rwandan company with roots in the country that date back over 56 years to 1959 when the Company’s flagship Rwandan beer brand, Primus, was first produced in Gisenyi. It was the first company listed on the Rwanda Stock Exchange (RSE)as from 31st January, 2011 and since then it has grown into one of the largest companies in Rwanda. The general objective of study is to investigate the contribution of Financial statement analysis on the profitability of manufacturing companies in Rwanda. The specific objectives were to find out the tools used by BRALIRWA to control overall cost of their products, to identify the challenges faced by the profitability of manufacturing companies. The research study was of paramount to the researchers, BRALIRWA plc, manufacturing companies, other researchers and Kigali Independent University. The research design was descriptive. Both qualitative and quantitative methods were used. Secondary data were also used. In this research, to collect the information, documentary analysis has been used, the data was analyzed through descriptive. The data were presented using Tables and Figures.
The study recommended that Financial statement analysis on time must have interdependent relationships that management needs to perform its activities. It also recommended that BRALIRWA Ltd should use comparative analysis using comparison with others in the manufacturing industry. It also recommended that BRALIRWA Ltd to give make new thing in this company as cash discount or trade discount in order to motivate the customers to pay on cash and to buy a high quantity of products.
