CASE STUDY 3: AHMED’BEY LTD Based on case study “Ahmed’bey Ltd” answer following questions: Prepare management report to

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CASE STUDY 3: AHMED’BEY LTD
Based on case study “Ahmed’bey Ltd” answer following questions:
Prepare management report to the Managing Director (MD) of Ahmed’bey Ltd Mr. Akram Ali, with the following information:
1. A research “Government and SMEs in the Maldives and Mauritius” published by Emerald Publishing Limited in “International Journal of Entrepreneurial Behavior & Research” in 2015 quoted the following:
“In the Maldives, the Government plays a minimal role in facilitating access to finance for SMEs including those in the Tourism industry despite the fact that it is a crucial industry for the country’s future. The lack of support received from private financers such as banks further compounds the issue. The economic state of The Maldives is evidence that market reforms are necessary. The lack of stability in its macroeconomic environment can be reflected in its behavior towards SMEs and vice versa. The role of the Government was to create differential impact for firms of different sizes. However, in this context legislations are immune to SMEs. Tax legislation, currency usage policy, interest rates and equity requirements all evidence the Maldivian Government imposing same legislations on all firms without attending to specific needs of SMEs. Moreover, lack of awareness and/or lack of trust in Government-led business support services made these services redundant”. (Sambajee and Dhomun 2015)
Write a report to Managing Director (MD) of Ahmed’bey Ltd Mr. Akram Ali. In your report critically discuss the relevance of the various forms of equity, debt and other sources of finance accessible for Maldivian SMEs (such as Ahmed’bey Ltd) and the risks related with these sources’ funds. (6 Marks)