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The analysis of the financial portion of any firm to examine its performance is known as financial analysis. It is the process evaluating the position of a firm by establishing relationship with various components parts of the financial statements. According to I.M. Pandey, “Financial analysis is the process of identifying the financial strength and the weakness of a firm by properly establishing the relationship between the items of balance sheet, ration analysis, funds flow statement, etc. are used for the analysis.
For the data analysis of this report, ratio analysis is preferred and is used as it considered as the most powerful tool of financial analysis. It uses financial report and data and summarizes the key relationship in order to appraise financial performance.
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