Project Report on

“ANALYSIS OF FINANCIAL STATEMENTS

AT ARTEMIS HOSPITAL”

Submitted in partial fulfilment of the Requirements for the

award of the Degree of

Bachelor of Commerce (Hons.)

Under the Guidance of: Submitted by:

MS MANSI PATEL ARPAN GOEL

ASSISTANT PROFESSOR BCOM (HONS) 5A

DSPSR 01112588820

Session 2020- 2023

Delhi School of Professional Studies and Research

(Affiliated to Guru Gobind Singh Indraprastha University, New Delhi)

CERTIFICATE
 CERTIFICATE BY THE SUPERVISOR

This is to certify that the project report being submitted by ARPAN GOEL in the partial
fulfilment of B.Com (H) 2020-2023, GURU GOBIND SINGH INDRAPRASTHA
UNIVERSITY, is carried out by him under my supervision and guidance. This project
report is his original work and has not been submitted to this or any other
university/institution for the award of any other degree or diploma.

DATE:

(SIGNATURE)

Ms. Mansi Patel

Assistant Professor

i
 DECLARATION

I take this opportunity to express my profound gratitude and deep regards to my guide
(MS MANSI PATEL) for her exemplary guidance, monitoring and constant
encouragement throughout the course of this project. The blessing, help and guidance
given by her time to time shall carry me a long way in the journey of life on which I am
about to embark.

Last but not least, my sincere thanks to my parents and friends for their wholehearted
support and encouragement.

I also hereby declare that the project work entitled “ANALYSIS OF FINANCIAL
STATEMENT AT ARTEMIS HOSPITAL” under the guidance of “MS MANSI
PATEL” is my original work and it has not been submitted earlier in any other
university or institution.

(ARPAN GOEL)

B.Com (H) 5A

ii
 TABLE OF CONTENTS

S.NO. CONTENT Pg No. T.SIGN

1 CHAPTER 1

2 INTRODUCTION 1-9

3 OBJECTIVE OF THE REPORT 10

4 LITERATURE REVIEW 11-14

5 RESEARCH METHODOLOGY 15-17

6 CHAPTER 2

7 ORGANIZATION PROFILE 18-22

8 CHAPTER 3

9 ANALYSIS AND INTREPRETATION OF 23-30

DATA
10 CHAPTER 4

11 CONCLUSION AND FINDINGS 31-33

12 REFRENCES 34-35

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1
 CHAPTER 1

INTRODUCTION
INTRODUCTION

The analysis of financial statements involves gaining an understanding of the financial

situation of an organization by reviewing the organization’s financial statements. You
can use three key financial statements – Income statement, Balance sheet and statement
of cash flows.

Analysis of these financial statements is often reported to the board of directors and
senior management. They use this information as input in their decision-making
process. External parties such as regulatory bodies and investors also use this analysis
for gaining insight into the organization.

Users of Financial Statement Analysis

There are various users of the financial statement analysis. They include:

➢ Management of the company: The finance controller of the company does an

ongoing analysis of company’s financial statements, particularly operational
metrics such as the profit by product, cost per distribution channel, cost per
delivery etc. that aren’t seen by external entities.

➢ Investors: The current, as well as prospective investors, scrutinize the health of

the organization by performing analysis of the financial statements. They do
this to understand about the company’s ability to continue as a going concern,
issue dividends, generate cash flows and to ensure that the company continues
to grow at least at the historical rate.

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 ➢ Creditors: A creditor or anyone for that matter, who has provided funds to the
company will be interested to know the ability of the company to pay back the
debt and their several cash management measures.

➢ Regulatory authorities: In cases of publicly held companies, Securities and

Exchange Board of India (SEBI) examines their financial statements to see if
the statements conform to accounting standards as well as the SEBI rules and
guidelines.

Performing analysis of financial statements

Note: It’s important to keep in mind that if you are using financial statements from more
than one reporting period, each of the financial statements should be in a similar format
so that you have all the relevant data in a comparable format to understand one period
to other.

Each of the methods provided below gives visibility of variances, business trends, and
also flags various issues. They raise questions about the company, which is required to
be answered. Investigating the business, finding logical explanations for the variances
and performing changes based on the positive or negative trends are the ultimate goals
of the financial statement analysis.

There are various methods and techniques to perform Financial Statement Analysis.
However, the most common methods of financial statement analysis include:

• Horizontal analysis
• Vertical analysis
• Ratio analysis

Horizontal Analysis: A horizontal analysis is a two-year comparison of analysis

of the financial statements and its elements. It is also referred to as trend analysis,
usually expressed in monetary terms and percentages.

2
This comparison provides analysts with insight into the aspects that could contribute
significantly to the financial position or profitability of the organization.

Advantages and Disadvantages of Horizontal Analysis

When the analysis is conducted for all financial statements at the same time, the
complete impact of operational activities can be seen on the company’s financial
condition during the period under review. This is a clear advantage of using horizontal
analysis as the company can review its performance in comparison to the previous
periods and gauge how it’s doing based on past results.

A disadvantage of horizontal analysis is that the aggregated information expressed in

the financial statements may have changed over time and therefore will cause variances
to creep up when account balances are compared across periods.

Horizontal analysis can also be used to misrepresent results. It can be manipulated to

show comparisons across periods which would make the results appear stellar for the
company. For instance, if the profits for this month are only compared with those of
last month, they may appear outstanding but that may not be the case if compared with
the same month the previous year. Using consistent comparison periods can address
this problem.

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Vertical Analysis: Vertical analysis is a financial statement analysis technique in
which every line items of the financial statements are listed as percentages, based on a
figure within the financial statement. The line items on the income statement could be
stated as percentages of the gross sales, while the line items on the balance sheet could
be stated as percentages of the total assets or liabilities.

And in case of cash flow, every inflow or outflow of cash could be stated as a percentage
of total cash inflows. By doing this analysis, insight would be created about the changes
in the allocation and distribution of the total assets.

This method of analysis of financial statement is also used for comparing one company
to another in the form of benchmarking. Example, by representing the different items
as a percentage of the total turnover, it’s easy to get insight into every division’s costs,
expenditures and profit.

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Advantages and Disadvantages of Vertical Analysis

Vertical analysis only requires financial statements for a single reporting period. It is
useful for inter-firm or inter-departmental comparisons of performance as one can see
relative proportions of account balances, no matter the size of the business or
department.

Because basic vertical analysis is constricted by using a single time period, it has the
disadvantage of losing out on comparison across different time periods to gauge
performance. This can be addressed by using it in conjunction with timeline analysis,
which shows what changes have occurred in the financial accounts over time, such as
a comparative analysis over a three-year period.

For instance, if the cost of sales comes out to be only 30 percent of sales each year in
the past, but this year the percentage comes out to be 45 percent, it would be a cause
for concern.

Ratio analysis

Ratios are used to calculate the relative size of one number in relation to another.
After a ratio is calculated, you can then compare it to the same ratio calculated for
a prior period, or that is based on an industry average, to see if the company is
performing in accordance with expectations. In a typical financial statement
analysis, most ratios will be within expectations, while a small number will flag
potential problems that will attract the attention of the reviewer. There are several
general categories of ratios, each designed to examine a different aspect of a
company's performance. The general groups of ratios are noted below.

• Liquidity ratios
This is the most fundamentally important set of ratios, because they measure
the ability of a company to remain in business.

1. Current ratio.

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 Measures the amount of liquidity available to pay for current
liabilities.

CURRENT RATIO = CURRENT ASSET

CURRENT LIABILITIES

2. Quick ratio
The same as the current ratio, but does not include inventory.

QUICK RATIO = CURRENT ASSETS – INVENTORIES

CURRENT LIABILITIES

• Activity ratios
These ratios are a strong indicator of the quality of management, since they
reveal how well management is utilizing company resources.

1. Total assets turnover ratio

The asset turnover ratio measures the efficiency of a company's assets

in generating revenue or sales. It compares the dollar amount of sales
(revenues) to its total assets as an annualized percentage.

TOTAL ASSET TURNOVER = OPERATING INCOME

TOTAL ASSETS

2. Inventory turnover ratio

Inventory turnover ratio. Measures the amount of inventory needed

to support a given level of sales.

INVENTORY TURNOVER RATIO = COST OF GOODS SOLD *

2 / (BEGINNING INVENTORY + FINAL INVENTORY)

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• Solvency ratio

1. Debt to equity ratio

Debt to equity ratio. Shows the extent to which management is

willing to fund operations with debt, rather than equity.

DEBT TO EQUITY RATIO = TOTAL LIABILITY

TOTAL EQUITY

2. Times interest earned

The times interest earned ratio, sometimes called the interest coverage
ratio, measures the firm’s ability to make contractual interest payments.

TIMES INTREST EARNED = EARNINGS BEFORE INTREST

AND TAXES / INTREST

• Profibility ratio

1. Net profit margin

Net profit margin is equal to the percentage of income or profit makes

as a percentage of income. Net profit margin is the ratio of net profit to
earnings of a company.

NET PROFIT MARGIN = NET PROFIT AFTER TAX

OPERATING INCOME

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 2. Return on asset (ROA)

Return on assets (ROA) is a ratio that measures a company's earnings

before interest and tax (EBIT), compared to a company's total net asset.

RETURN ON ASSET = NET PROFIT AFTER TAX

TOTAL ASSET

3. Return on equity (ROE)

Return on Equity (ROE) considered how more effectively a company

using their resources to generate more profit.

RETURN ON EQUITY = NET PROFIT AFTER TAX

SHAREHOLDERS EQUITY

Problems with Financial Statement Analysis

While financial statement analysis is an excellent tool, there are several issues to
be aware of that can interfere with the interpretation of the analysis results. These
issues are noted below.

Comparability between Periods

The company preparing the financial statements may have changed the accounts in
which it stores financial information, so that results may differ from period to
period. For example, an expense may appear in the cost of goods sold in one period,
and in administrative expenses in another period.

Comparability between Companies

An analyst frequently compares the financial ratios of different companies in order

to see how they match up against each other. However, each company may
aggregate financial information differently, so that the results of their ratios are not

8
really comparable. This can lead an analyst to draw incorrect conclusions about the
results of a company in comparison to its competitors.

Operational Information

Financial analysis only reviews a company's financial information, not its

operational information, so you cannot see a variety of key indicators of future
performance, such as the size of the order backlog, or changes in warranty claims.
Thus, financial analysis only presents part of the total picture.

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OBJECTIVES OF THE REPORT

To study the ‘working and functions’ at the finance department of ARTEMIS

HOSPITAL

THE OBJECTIVE OF THIS STUDY IS: -

➢ To know how most of the targets are achieved in the company.

➢ To know how various to study the nature and scope of regulatory environment
of the company.

➢ Tasks like, data entry, maintaining records, fund management, etc. are
performed in the company.

➢ Moreover, my career-objective is to enter into the corporate world. Keeping in

line with my goal, I wanted to adore myself with professional skills. Thus, I
took this opportunity to acquaint myself with the ‘Working and Functions’ of
the finance department.

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LITERATURE REVIEW

• Accounting ratios indicate the company’s performance by comparing various

figures from financial statements and the results/performance of the company
over the last period, suggesting the relationship between two accounting items
where financial statement analysis performs using liquidity, solvency, activity,
and profitability ratios. (G, 2010)

• Financial performance analysis involves using reported results in a company’s

financial statements to obtain the quantitative performance characteristics of a
company with the aim of determining how efficient the company has been in
terms of the use of their resources according to the decisions made by the
management. (bhunia, 2011)

• Financial analysis involves the use of quantitative information from financial

statements, that is, income statement, balance sheet and statement of cash flows
in order to come up with relationships of the items that are reported by the
company according to the accounting standards for reporting. In doing this, the
company is able to evaluate its decisions during a financial year or a given
period and see its strengths, weaknesses and areas that need attention in the
organization. (Abraham, 2004)

• These are factors within the control of management and can be able to influence
them through their decisions. Through this, “the management can anticipate
changes in the external environment and try to position the company to take
advantage of anticipated developments”. (Burja, 2011)

• In a case study on the furniture industry a detailed analysis of a company’s

statements to aid those who use them for investment decisions. Their studies
focused on bringing together financial ratios from financial statements and
market data from stock markets to see how the indices on the market are
influenced by the performance of different rations on the reported statements.
(Traian-Ovidiu, 2013)

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• Economic rate of return (ERR) is an important ratio in financial statement
analysis because they considered it as an indicator of the economic performance
of a company. In their study, they took ERR as a comprehensive ratio that looks
at the organization return and contribution with consideration of both internal
and external factors affecting the business. (Buse, 2010)

• Made a detailed analysis of a company’s statements to aid those who use them
for investment decisions. Their studies focused on bringing together financial
ratios from financial statements and market data from stock markets to see how
the indices on the market are influenced by the performance of different rations
on the reported statements. (Tsuji, 2014)

• Liquidity is the ability to convert assets into cash quickly and cheaply.
Liquidity ratios are most useful when they are used in comparative form. This
analysis may be internal or external. In general, a higher liquidity ratio shows a
company is more liquid and has better coverage of outstanding debts. (adam,
2022)

• Profitability ratios are financial metrics used by analysts and investors to

measure and evaluate the ability of a company to generate income (profit)
relative to revenue, balance sheet assets, operating costs, and shareholders’
equity during a specific period of time. They show how well a company utilizes
its assets to produce profit and value to shareholders. (marie, 2022)

• Horizontal analysis is used in financial statement analysis to compare historical

data, such as ratios, or line items, over a number of accounting periods.
Horizontal analysis can either use absolute comparisons or percentage
comparisons, where the numbers in each succeeding period are expressed as a
percentage of the amount in the baseline year, with the baseline amount being
listed as 100%. This is also known as base-year analysis. (TUOVILA,
investopedia, 2022)

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• Vertical analysis is a method of financial statement analysis in which each line
item is listed as a percentage of a base figure within the statement. Thus, line
items on an income statement can be stated as a percentage of gross sales, while
line items on a balance sheet can be stated as a percentage of total assets or
liabilities, and vertical analysis of a cash flow statement shows each cash
inflow or outflow as a percentage of the total cash inflows. (GRANT, 2022)

• Ratio analysis is a quantitative method of gaining insight into a company's

liquidity, operational efficiency, and profitability by studying its financial
statements such as the balance sheet and income statement. Ratio analysis is a
cornerstone of fundamental equity analysis. Ratio analysis may also be
required by external parties that set benchmarks often tied to risk.While ratios
offer useful insight into a company, they should be paired with other metrics,
to obtain a broader picture of a company's financial health.
(BLOOMENTHAL, 2022)

• Financial analysis is the process of evaluating businesses, projects, budgets,

and other finance-related transactions to determine their performance and
suitability. Typically, financial analysis is used to analyze whether an entity is
stable, solvent, liquid, or profitable enough to warrant a monetary investment.
Fundamental analysis uses ratios and financial statement data to determine the
intrinsic value of a security. Technical analysis assumes a security's value is
already determined by its price, and it focuses instead on trends in value over
time. (TUOVILA, investopedia, 2022)

• Financial statement analysis is the process of analyzing a company’s financial

statements for decision-making purposes. External stakeholders use it to
understand the overall health of an organization and to evaluate financial
performance and business value. Internal constituents use it as a monitoring
tool for managing the finances. Financial accounting calls for all companies to
create a balance sheet, income statement, and cash flow statement, which form
the basis for financial statement analysis. (KENTON, 2022)

• A solvency ratio is a key metric used to measure an enterprise’s ability to meet

its long-term debt obligations and is used often by prospective business lenders.

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 A solvency ratio indicates whether a company’s cash flow is sufficient to meet
its long-term liabilities and thus is a measure of its financial health. An
unfavorable ratio can indicate some likelihood that a company will default on
its debt obligations. A solvency ratio examines a firm's ability to meet its long-
term debts and obligations. (hyes, 2022)

• An activity ratio is a type of financial metric that indicates how efficiently a

company is leveraging the assets on its balance sheet, to generate revenues and
cash. Commonly referred to as efficiency ratios, activity ratios help analysts
gauge how a company handles inventory management, which is key to its
operational fluidity and overall fiscal health. An activity ratio is a type of
financial metric that indicates how efficiently a company is leveraging the
assets on its balance sheet, to generate revenues and cash. Commonly referred
to as efficiency ratios, activity ratios help analysts gauge how a company
handles inventory management, which is key to its operational fluidity and
overall fiscal health. (JAMES, 2022)

• Inventory turnover is a financial ratio showing how many times a company

turned over its inventory relative to its cost of goods sold (COGS) in a given
period. A company can then divide the days in the period, typically a fiscal
year, by the inventory turnover ratio to calculate how many days it takes to sell
its inventory, on average.The inventory turnover ratio can help businesses
make better decisions on pricing, manufacturing, marketing, and purchasing. It
is one of the efficiency ratios measuring how effectively a company uses its
assets. (FERNANDO, investopedia, 2022)

• Debt-to-equity (D/E) ratio is used to evaluate a company’s financial

leverage and is calculated by dividing a company’s total liabilities by
its shareholder equity. D/E ratio is an important metric in corporate finance. It
is a measure of the degree to which a company is financing its operations with
debt rather than its own resources. Debt-to-equity ratio is a particular type
of gearing ratio. Debt-to-equity (D/E) ratio compares a company’s total
liabilities with its shareholder equity and can be used to assess the extent of its
reliance on debt. (FERNANDO, investopedia, 2022)

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RESEARCH METHODOLOGY

The research design and methodology is presented as follows:-

RESEARCH DESIGN

Research design is the framework of research methods and techniques chosen by a

researcher to conduct a study. The design allows researchers to sharpen the research
methods suitable for the subject matter and set up their studies for success.

TYPES OF RESEARCH DESIGN

Descriptive: In a descriptive composition, a researcher is solely interested in

describing the situation or case under their research study. It is a theory-based design
method created by gathering, analysing, and presenting collected data.

Experimental: Experimental research establishes a relationship between the cause

and effect of a situation. It is a causal design where one observes the impact caused by
the independent variable on the dependent variable.

Correlational research: Correlational research is a non-experimental

research technique. It helps researchers establish a relationship between two closely
connected variables. There is no assumption while evaluating a relationship between
two other variables, and statistical analysis techniques calculate the relationship
between them.

Diagnostic research: In diagnostic design, the researcher is looking to evaluate

the underlying cause of a specific topic or phenomenon.

Explanatory research: Explanatory design uses a researcher’s ideas and thoughts

on a subject to further explore their theories. The study explains unexplored aspects of
a subject and details the research questions’ what, how, and why.

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TYPE OF RESEARCH USED:-

➢ DESCRIPTIVE RESEARCH IS APPROPRIATE FOR THIS STUDY

DATA COLLECTION

Primary data: A primary data is a data which is collected for the first time for the
particular interest to collect more information. In this study, the primary data was
collected using questionnaire.
Secondary data: These data are collected from published sources such as
Magazines, Newspapers, several books, and also from the help of web site
www.policybazaar.com.

The secondary data collected from records of the company, retailers and dealers. The
data of past sales also have been collected. The primary and secondary data have been
collected to cover every aspect of the study. The primary data are related to behaviour
and responses of employees.

➢ DATA WAS COLLECTED IN THIS REPORT WAS SECONDARY

DATA SOURCES.

SAMPLING METHOD

TIMES SERIES ANALYSIS

Time series analysis is a specific way of analyzing a sequence of data points collected
over an interval of time. In time series analysis, analysts record data points at consistent
intervals over a set period of time rather than just recording the data points
intermittently or randomly. However, this type of analysis is not merely the act of
collecting data over time.

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What sets time series data apart from other data is that the analysis can show how
variables change over time. In other words, time is a crucial variable because it shows
how the data adjusts over the course of the data points as well as the final results. It
provides an additional source of information and a set order of dependencies between
the data.

Time series analysis typically requires a large number of data points to ensure
consistency and reliability.

➢ IN THIS RESEARCH I USE DATA OF 4 YEARS STARTING FROM

2017 TO 2020

GRAPHICAL REPRESENTATION OF DATA

Graphical representation tools such as bar graph and line charts have been used
for data analysis.

LIMITATION OF THE STUIDY

• It’s exclusively depending on the published financial data, so it is subject

to all limitations that are inherent in the condensed published financial
statements.

• As the financial statements are prepared on the basis of a going concern, it

does not give exact position. Thus accounting concepts and conventions
cause a serious limitation to financials analysis.

• It took a lot of time in collection of data as the data available in Artemis

hospital Gurgaon is so wide and covers great deal of extensive information.

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 CHAPTER 2

COMPANY PROFILE

ARTEMIS HOSPITAL

Artemis Hospital, spread across 9 acres, is a 350 bed, state-of-the-art multi-specialty

hospital located at Gurgaon, in the capital region, India. Artemis Hospital is the first
JCI and NABH accredited hospital in Gurgaon. Designed as one of most advanced in
India, Artemis provides depth of expertise in the spectrum of advanced medical &
surgical interventions comprehensive mix of inpatient and outpatient services.

Artemis has put modern technology in the hands of renowned from across the country
and abroad to set new standards healthcare. The medical practices and procedures
followed hospital are research oriented and benchmarked against in the world. World
class services in a warm open centric environment clubbed with affordability has made
as one of the most revered hospitals in the country.

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Artemis Hospitals is the preferred healthcare destination for the employees of various
businesses. They get access to quality healthcare with extra personal care, minimal
formalities during admission and a variety of corporate offers. In order to ensure better
health for employees & their families, Artemis Hospitals actively partners with various
corporates by getting empanelled as their favored healthcare service provider.

History

Artemis Health Institute, established in 2007, is a healthcare venture launched by the

promoters of the Apollo Tyres Group. Artemis is the first Hospital in Gurgaon to get
accredited by Joint Commission International (JCI) (in 2013). It is the first Hospital in
Haryana to get NABH accreditation within 3 years of start up.

Board of Directors

The Board of Directors is at the heart of governance of Artemis Hospital.

Mr. Onkar Kanwar

Chairman and Non-Executive Director

Onkar Kanwar is the Chairman of Apollo Tyres Ltd., India's largest automotive tyre
manufacturing company. As a visionary entrepreneur, he plays a pivotal role in the
company's operations and the articulation of its business philosophy.

Innovation, quality and exclusivity are his guiding principles, which have steered
Apollo Tyres to become a leader in the Indian market by implementing a number of
pioneering initiatives in the spheres of product, marketing, R&D and manufacturing.
Registered in 1976, Apollo Tyres under his leadership transformed itself from an Indian
tyre manufacturer of commercial vehicles to a global entity with a full-fledged product
portfolio, spanning over 3 continents.

Onkar Kanwar also has astute business acumen and interests in healthcare services. The
first state-of-the-art, super specialty hospital, Artemis Hospitals, has been established
in Gurgaon, India. Artemis Hospitals is looking to redefine customer care and

19
facilitation by using the latest technology, under some of the best doctors, to enable
faster disease identification and cure.

Ms. Shalini Kanwar Chand

Non-Executive Director

Mrs Shalini Kanwar Chand is the executive director of CIAEL Singapore, a subsidiary
of CATL India. CIAEL is part of the USD 2.8 billion Apollo Tyres Group which is
engaged in the supply of tubes, bladders and equipment for the tyre industry in India
and overseas.

She is the Founder and Chairperson of Pristine International Holdings Pte Ltd. Pristine
International Holdings Pte Ltd is a SME investment company. The company minutely
looks into the business opportunities with a holistic view to widen the entrepreneurial
base. This is done by providing start up and business expansion capital for setting up
futuristic conscious businesses. The firm also makes investments in global real estate.

Mrs Shalini Kanwar Chand also completed a London Business School Spouse/Partners
Leaders as Entrepreneurs' Programme course which offered her to tap into and
strengthen her own inherent entrepreneurial instincts and leadership qualities. This
helped hone her inherent talent to lead all the different kinds of organizations that she
is deeply involved in.

Mr. Neeraj Kanwar

Non-Executive Director

Mr Neeraj Kanwar is the Vice Chairman & Managing Director of Apollo Tyres. He
began his career with Apollo Tyres as Manager, Product & Strategic Planning, where
he played a crucial role in creating a bridge between the two key functions of
manufacturing and marketing. In 1998, he joined the Board of Directors and was
promoted to Chief, Manufacturing and Strategic Planning. His people management
skills helped him bring about overarching changes in industrial relations, upgradation
of technology and benchmarking on product and efficiency parameters.

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Dr. Nirmal Kumar Ganguly
Non-Executive Director

Dr. Nirmal Kumar Ganguly obtained his MBBS from the University of Calcutta,
received his MD from the Postgraduate Institute of Medical Education & Research,
Chandigarh, and obtained honorary D.Sc. from several Indian Universities.

Dr. Ganguly is a Distinguished Biotechnology Research Professor at the National

Institute of Immunology, New Delhi. He is also President of the Jawaharlal Institute of
Post Graduate Medical Education and Research, Pondicherry. Alongwith, He is former
Director General of the Indian Council of Medical Research.

SERVICES PROVIDED

➢ Executive Health Checks

➢ Workplace clinics for counseling
➢ Outpatient and hospitalization services
➢ Healthcare education and awareness programs
➢ First Aid and BLS Training
➢ Emergency Services
➢ Organizational Healthcare Audit

CORPORATE MISSION

Artemis Hospital is the first JCI and NABH accredited Hospital in Gurgaon. Designed
as one of the most advanced hospitals in India, Artemis provides a depth of expertise
in the spectrum of advanced medical & surgical interventions, comprehensive mix of
inpatient and outpatient services.

CORPORATE OBJECTIVES

➢ Deliver world class patient care services

➢ Excel in the delivery of specialized medical care supported by comprehensive
research and education

21
 ➢ Be the preferred choice for the world ' s leading medical professionals and
scientific minds
➢ Develop, apply, evaluate and share new technology
➢ Be an active partner in local community initiatives and contribute to its well-
being and development

VISION

To create an Integrated World Class Healthcare System, Fostering, Protecting,

Sustaining and Restoring Health through Best in Class Medical Practices and Cutting
Edge Technology developed through in depth Research carried out by the World’s Best
Scientific Minds.

CORE VALUES

➢ Care for customer

➢ Respect for Associates
➢ Excellence through Teamwork
➢ Always Learning
➢ Trust Mutually
➢ Ethical Practices

22
 Chapter 3

Analysis and Interpretation of Data

ANALYSIS OF PROFITATBILITY RATIOS

1) Net Profit Margin

Net profit margin is equal to the percentage of income or profit makes as a percentage
of income.

Net profit margin is the ratio of net profit to earnings of a company.

Interpretation: Net profit margin increased by year to year from 2017 to 2019,
indicating that the operating results were improving. In this figure it seen that company
had a net profit margin of 35% in 2020 which show very decent operating results of the
company.

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2) Return on Assets (ROA)

Return on assets (ROA) is a ratio that measures a company's earnings before interest
and tax (EBIT), compared to a company's total net asset.

Interpretation: From the graph it is shown that the return on assets increased
slightly from 2017 to 2018 and it decreased somewhat in 2019 and 2020, it was
1.43% and 1.08% respectively. According to the graph in 2017, assets were the
highest on return. This represent that the year make the most revenue.

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3) Return on Equity (ROE)

Return on Equity (ROE) considered how more effectively a company using

their resources to generate more profit.

Interpretation: In the 1st two years, company having 12.74% to 15.96% return on
equity and the highest value had shown in 2017 and lowest value had shown in 2019,
which was not good.

25
ANALYSIS OF LIQUID RATIOS

Current ratio

Current ratio measures that a firm's ability to pay short-term liabilities with its current
assets. The current ratio play vital role for measuring company liquidity because there
are short-term liabilities within the next year.

Interpretation: A current ratio of 1.2 to 2 is considered as the norm. If the ratio is

less than 1, it can be difficult for a firm to pay current liabilities. If the ratio is greater
than 1 which indicates to a company that it is able to cover its entire short-term
obligation. Here we can see that the current ratio of Artemis hospital is 1.1: 1 in 2017,
1.2: 1 in 2018, 1.01: 1 in 2019 and 1.08:1 in 2020. This indicates that the Artemis
hospital current liquidity. The position is not bad.

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ANALYSIS OF ACTIVITY RATIOS

Total Asset Turnover Ratio

Total asset turnover is the financial efficiency ratio that measures a company's ability
to use its assets to increase sales.

Interpretation: The graph provides information about total asset turnover ratio of
company between 2017 to 2020.we know highest turnover is more efficient for the
company. So according that statement we can see that in the year of 2020 hold the
highest total asset turnover which is 9.7times and in the year of 2019 hold the least total
asset turnover which is 7.1times that not good for the company.

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ANALYSIS OF SOLVENCY RATIOS

DEBT TO EQUITY RATIO

The debt to Equity Ratio shows the percentage of company financing from the
company's lenders and investors. A higher debt to equity ratio indicates that more credit
financing (bank loan) is used than investor financing (shareholder).

Interpretation: Throughout the period, we can see that debt equity ratio of the
company increased. The highest ratio was 8.08 in 2020, while lowest ratio was 7.39 in
2017 in term of times. Artemis hospital debt equity ratio is higher than the value so it
should be reduced.

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TIMES INTEREST EARNED
The times interest earned ratio, sometimes called the interest coverage ratio, measures
the firm’s ability to make contractual interest payments.

Interpretation: Times interest earn ratio had fluctuated over the time period.it
highest value accounted in 2020 and least value accounted in 2018 which was 1.29
times and 1.72 times consistently.

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MY EXPERIENCE

I had a wonderful experience at ARTEMIS HOSPITAL. From the time of submission

of the application form till the time of the completion of the training, it was absolute
fun and a learning experience as well.

I learnt the way how most of the objectives are accomplished at a hospital. I got to know
how various tasks like, data entry, maintaining records, bill submission, financial
statements, etc. are performed in a company.

MY VIEWS ON ARTEMIS HOSPITAL

➢ I believe that 10 years hence, ARTEMIS HOSPITAL will emerge as one of the
Major hospital in the Gurgaon.

➢ It will become new, energetic and more vibrant by 2025.

➢ For this to be achieved, the employees need to be more efficient, and moreover

the use of IT should be increased in every department and every division.

➢ The major challenge that Artemis hospital faces is to recreate, rejuvenate and

present itself as a relevant global organization in the current scenario. It needs

to change its product profile by adding various products like, building material,

engineering goods, medical equipment, new infra structure, development of

new ideas, etc.

➢ The work culture of ARTEMIS HOSPITAL should be cultivated in such a way,

by offering perquisites, bonus, and increasing accountability & responsibility of

the employees, and by delegating the authority, so that the Company achieves

quicker and better results.

30
 CONCLUSIONS AND FINDINGS
FINDINGS OF THE STUDY

➢ Net profit margin increased by year to year from 2017 to 2019, indicating that
the operating results were improving. In this figure it seen that company had a
net profit margin of 35% in 2020 which show very decent operating results of
the company.

➢ From the graph it is shown that the return on assets increased slightly from 2017
to 2018 and it decreased somewhat in 2019 and 2020, it was 1.43% and 1.08%
respectively. According to the graph in 2017, assets were the highest on return.
This represent that the year make the most revenue.

➢ In the 1st two years, company having 12.74% to 15.96% return on equity and
the highest value had shown in 2017 and lowest value had shown in 2019, which
was not good.

➢ A current ratio of 1.2 to 2 is considered as the norm. If the ratio is less than 1, it
can be difficult for a firm to pay current liabilities. If the ratio is greater than 1
which indicates to a company that it is able to cover its entire short-term
obligation. Here we can see that the current ratio of Artemis hospital is 1.1: 1 in
2017, 1.2: 1 in 2018, 1.01: 1 in 2019 and 1.08:1 in 2020. This indicates that the
Artemis hospital current liquidity. The position is not bad.

➢ The graph provides information about total asset turnover ratio of company
between 2017 to 2020.we know highest turnover is more efficient for the
company. So according that statement we can see that in the year of 2020 hold
the highest total asset turnover which is 9.7times and in the year of 2019 hold
the least total asset turnover which is 7.1times that not good for the company.

➢ Throughout the period, we can see that debt equity ratio of the company
increased. The highest ratio was 8.08 in 2020, while lowest ratio was 7.39 in

31
 2017 in term of times. Artemis hospital debt equity ratio is higher than the value
so it should be reduced.

LEARNINGS OF THE STUDY

➢ The internship program or project was one of the most important parts of our
graduation as it not only made us familiar with the actual application of all our
accounting and computer learning but also taught us to relate our studies with
what is going around us in the market place and the business world.
➢ The professional environment of the organization made me aware about the
application areas of my knowledge and learning which I got through all the
years of my studies.
➢ The organizational structure of ARTEMIS HOSPITAL taught me that a
systematic approach of working which not only saves time but also optimizes
the utilization of resources optimally can be very helpful in attaining
organizational goals and achieving profit maximization.
➢ The history of the organization taught how beginning at a small scale and then
gradually diversifying on a large scale is very beneficial as gradually our
experience and knowledge increase to the level required for diversification.
➢ The technical methods adopted by the firm taught faster approaches which have
overtaken the conventional methods and how specialized software’s available
in the market can used aptly according to our requirements
➢ The use of social networking sites such as WhatsApp and Facebook in the
business activities for passing necessary information — to dealers, rectifying
errors promptly, for spreading the information about various offers & rebates
made me realize how these sites can be useful in a great way in a business
environment and help in saving time and energy as well as maximize profits.

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CONCLUSION OF THE STUDY

This internship report is part of my BCOM(H) course at DELHI SCHOOL OF

PROFESSIONAL STUDIES AND RESEARCH and I have done my best to prepare
with some gratitude. The main purpose of this internship is to provide the student with
a job presentation and to know the scope of organizational attachment.

From a practical standpoint I can boldly declare that from the very first day I truly
enjoyed my internship at ARTREMIS HOSPITAL. Furthermore, this internship
program that is compulsory for my BCOM(H) program is short-lived, but has definitely
helped me think more about my career. I have tried my soul to attach the research report
to the relevant information needed in my report.

RECOMMENDATIONS

➢ Designing this website & not an easy task.

➢ It all started from the requirement gathering and passes through so many other
stages before completion. Based on the benefits of this system and tremendous
value it will add to customer-user satisfaction, the below recommendation will
be considered.

➢ It is recommended that the new system should be used with the necessary
specifications of the system requirements and provision for an uninterrupted
power supply should be made available throughout the hours of operation of the
hospital to avoid power outage.

➢ There should abo be basic computer knowledge for the users of that website.

➢ It & recommended that the website would be improved especially in areas of

accounting as it will be of great impact to the development of the hospital
industry.

33
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