• Ms. Samridhi Kapoor

The main goal of the accounting department in the company is to prepare the reliable financial statements in order to make their valid balance sheets, income statements and cash flow statements. This paper attempts to analyze the financial statements and measure the performance in terms of assets utilization and profitability. In detail the research methodology used is exploratory research for the study that has focused on the past and present performance of Heavy Electrical Equipment Plant (HEEP), Ranipur (Haridwar). The study purely relies on secondary data, which were collected for a period of seven years (2007-2013) from the audited annual reports of the company and the data provided for the purpose of effective periodical analysis. To achieve the research goal five categories of the financial ratios were utilized for testing the study’s hypothesis. Profitability ratios, leverage ratios, Profit margin ratios, Return on Investment, Return on equity. This study reveals that financial strength and weakness of the HEEP,over the connected period there were gray areas took place in June 2007 to June 2009, which resulted in decline of all the concerned profitability ratios and subsequently the performance of HEEP, during the two years. At the same time there is weak relationship between profitability and liquidity.

Profitability, Accounting ratios, Performance, Financial Statements, HEEP, Liquidity

"An Analysis of Financial Statements- Measurement of Performance and Profitability (With Reference to BHEL, Haridwar)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 7, page no.68-79, July 2019, Available :http://www.jetir.org/papers/JETIRDE06013.pdf

"An Analysis of Financial Statements- Measurement of Performance and Profitability (With Reference to BHEL, Haridwar)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 7, page no. pp68-79, July 2019, Available at : http://www.jetir.org/papers/JETIRDE06013.pdf