Performance Efficiency of Engineering Industries in India

Purpose of the study: To critically analyze the financial growth pattern and the overall performance efficiency of industrial machinery companies in India. Design/Methodology/Approach: The data collected from the financial statement of the companies for 10 years from 2007-2008 to 2016-17 were analyzed with the help of different accounting and statistical tools. Discriminant analysis has been adopted for analyzing and interpreting the quantitative data was carried out using SPSS. Findings: The study reveals that good performance efficiency of the engineering industry over the period 2007-2017, most Indian engineering industries exist with high net profit. The poor performance companies need of the hour to increase profit by reducing costs.              Practical Implications: The study has interesting policy implications. It is recommended to encourage foreign banks' presence to enhance the competitive condition of the banking sector thus making sure the exit and entrance of banks in the industry raise the competition. The pursuit of modernization, in fully hardening the resources of information technology should be relentless.  It is a field that demands great attention and expertise. Originality/value: This research work is one of its first kind as no study was conducted before focusing on the performance perspectives of the engineering industries in India

Financial Performance Growth of Oman Cement Company

Purpose: The objectives of the study were to analyze the financial growth of Oman Cement Company (OCC) to critically investigate the financial performance along with its growth in the Oman cement industry. Design/methodology/approach: The data was collected from the five years’ financial statements between 2016 and 2020 listed in the Muscat Security Market and the analysis was carried out applying the different ratios – profitability ratios, liquidity ratios, management efficiency ratios, operating ratios, and financing ratios. Findings: The results of the study reveal that the OCC growing more efficiently in finance with effectively utilizes its assets. The company liquidity position was given a positive sign during the study period. The management and operating efficiency are less, and it needs improvement.  Overall financial growth is stable impartment started during the end of the study period.  Research limitations/implications: The study implies that the company management needs to utilize the fixed assets and improve the cash and cash equivalents. The production policy needs an eye on the future success of management.  Social implications: The study suggests that the management should act wisely in handling finance. Further, the OCC policies should maintain standards to compete with foreign competitors. Originality/Value: Only a very few have examined the causes for the financial issue in the Oman cement industry, and it is a first-hand study of its kind, and the results will be useful to the stakeholders.

Historical Analysis of Income Statement – A Case Study Salalah Mills Company Oman

Purpose of the study: The objectives of the study were to critically analyse the financial performance of Salalah Mills Company (SMC), to examine the income statement position of the company and to study the profitability position and improvements of Salalah Mills Company. Design/Methodology/Approach: The secondary data was obtained from the annual reports of Salalah Mills Company through the income statement for the period 2015 to 2019. The collected data was analysed using financial ratios involving excel and SPSS, to evaluate the Salalah Mills Company (SMC) profitability. Findings: The study revealed that the reducing in company's gross profit (profit margin), pre-tax margin was due to the increase in cost of goods sold, administrative expenses, the cost of materials consumed, the selling and distribution expenses and the labour cost. Research Implications: The study suggested that the company should reduce the cost of sales and administrative expenses to achieve increased gross profit margin. It was also suggested that the company should focus more towards marketing. Practical Implications: The study suggested that the company should look for alternative for the raw materials such as buying wheat from the local farmers. It was also suggested that the company should work on finding ways and means to achieve good profits so as to satisfy the shareholders. Originality/value:  This research work is of its first own kind as the study focuses on the accounting perspectives of the food company in the Sultanate of Oman

Do the Telecom Giants in Oman – Omantel and Ooredoo have the Same Financial Status?

Purpose: The purpose of the study was to investigate the difference between the financial position of Omantel and Ooredoo and to investigate performance efficiency of Omantel and Ooredoo. Design/methodology/approach: The secondary data was obtained from the annual reports of Oman's major telecom providers listed in the Muscat Securities Market (MSM) for the period 2015 to 2020. The data collected from the financial statements was analysed using ratio analyses with the help of excel. Findings: The study revealed that Omantel had a better performance compared to the private telecom sector – Ooredoo in terms of current assets, non-current assets, shareholders’ equity, operating profit, and net profit. The study further confirmed that Omantel performed well over the years 2015 to 2020. Research limitations/implications: The study confirmed that the Oman telecom financial performances can be measured using current assets, non-current assets, liabilities, shareholders’ equity, operating expenses, operating profit, and net profit which can be a good measure to adjudge the financial performances of the telecom sector in Oman. Social implications: The study helps the stakeholders of the Oman telecom to understand the factors and the telecom-related customer services that might help to enrich the financial performances of the Oman telecommunication sector and to take necessary changes in the strategy and suitable decisions accordingly. Originality/Value: The study was restricted to two major Oman telecom service providers selected and the study had relied mostly on quantitative techniques involving financial statement analyses. The study can be extended to all the telecom providers in Gulf Cooperation Council (GCC) countries including the most determining factor viz. growth performance

Performance Evaluation of Oil and Gas Companies in Sultanate of Oman

Purpose: The purpose of the study was to analyze the impact of ROA and ROE on the net profit of the selected Oil and Gas companies (O & G) in Oman; to analyze the effect of ROA on the assets performances of selected Oil and Gas companies in Oman and to analyze the relationship between ROE and debt-equity on the performances of oil and gas companies in Oman. Design/methodology/approach: The secondary data was obtained from the annual reports of Oman's major telecom providers listed in the Muscat Securities Market (MSM) for the period 2015 to 2020. The data collected from the financial statements were analyzed using ratio analyses with the help of excel. The secondary data was obtained from the annual reports of selected O & G companies in Oman, listed in the Muscat Securities Market (MSM) for the period 2015 to 2020. The collected data was analyzed with financial ratio analysis using excel and SPSS to evaluate the financial performance of the companies. Findings: The study revealed that amongst the overall financial performances of the O & G companies, Oman Oil Marketing, Muscat Gases, and Shell Oman Marketing topped the list followed by National Gas and Al Maha Petroleum. The study also revealed that there is a correlation between Return of Assets (ROA) and Return on Equity (ROE), and Assets Turnover Ratio (ATO) and Net Profit Margin (NP). ROA, ROE, and Debt Equity Ratio (DE) do not have any correlation with NP which purports that there is no relationship between ROA & NP, ROE & NP, and DE & NP. Research limitations/implications: The study revealed that the financial performances of the O & G companies in Oman can be measured through analysis NP, ROE, ROA, ATO & DE but it is of no significance to the company’s financial performances as ROA, ROE has no impact on the Net profit margin of the O & G companies in Oman. Similarly, neither ATO nor DE has any impact on the net profit margin.  Social implications: The study helps the investors and management of the O & G companies to understand the variables and the efforts to reform financial measures and take necessary action and suitable decisions to enhance the financial performances of the oil and gas companies. Originality/Value: The study was carried out with five major selected O & G companies of Oman and the study had relied mostly on quantitative techniques involving financial ratios and correlation analysis. The study can be extended to other oil-based economies countries as well

A STUDY ON ENTREPRENEURIAL INITIATIVES AMONG MBA STUDENTS IN SULTANATE OF OMAN

Purpose: Higher education institutions assume an effective role in enriching the education quality of a nation. The curriculum developed or approved by the ministry, which is an apex body in the country, has a direct impact on the outcomes of the educational system. This paper has made an attempt to critically evaluate the entrepreneurial initiatives developed by the students who pursue their MBA programme. Methodology: This research work is based on both primary and secondary sources of data and the primary data required for the study were collected through a structured questionnaire from rightly designed sample size while for the secondary data, the researchers have relied on previous research works in the same field, apart from other sources like, magazines, e-library resources, text books and websites. The data were analysed by Percentage Analysis and Henry Garrett Ranking Technique to attain the objectives of the study. Findings: The results of the study indicate that most of the students who pursue MBA programme are willing to initiate own business to make a career. Practical Implications: This research work implies that if MBA programmes offered by HEIs incorporate more of practical sessions involving the students in real world problem analysis and decision making mechanism, the students would be able to become successful entrepreneurs. Social Implications: The results of the study indicate that when more of entrepreneurial oriented master programmes are offered, the country will be able to ensure sustainable growth in the business field focusing on SME. Result Limitations/Implications: The present research study has focused on only the MBA students whereas there are other master degree programmes having courses in entrepreneurship, creativity and innovation, which are not covered by the study. Originality/Value: The result outcomes and suggestions would be of valuable basis for any authority who is involved in reviving the curriculum of academic programmes in entrepreneurship