Project Research Essay Example | Topics and Well Written Essays - 2500 words

Project Research - Essay Example Here we will analyze respective ratios like Profitability ratio, asset management ratio, Debt management ratio and Leverage ratio to understand the financial position and performance of the company. Profitability Ratio can be defined as financial a tool which is used to justify a company’s ability to generate revenue. Profitability of Emirates Insurance Company has decreased over the years as the ROE, gross profit margin and net profit margin of the company has declined in 2012 as compared to 2011. Liquidity ratio measures the firm’s ability to fulfill its short term requirements which defines the firm’s capacity to pay off the current liabilities as and when needed. The company does not have enough liquid cash ready in its hand and it needs to improve its liquidity position. Asset management ratio can be defined as the relationship between sales and assets. The company is efficient in managing its assets except its payables turnover ratio. Debt management ratio measures the ability of the company to reduce the risk of financial problems in long run. The financial leverage of the company is higher on 2012. Thus it can be concluded that the company is having average position in the market and it should improve its sales to generate more profitability in future. Introduction Emirates Insurance Company was established in the year 1982 in Abu Dhabi, UAE. It has total assets of more than AED 1.5 billion and its gross written premium for 2012 was AED 650 million. The company operates over 20 locations in UAE. Emirates Insurance Company offers a wide range of insurance related products and services to serve its various customers like corporate, business organization, other financial institution and individuals. The company provides different insurance benefits like Hotel Block Insurance, Jeweler’s Block Insurance, and office comprehensive insurance. Under corporate insurance it provides General Third Party Liability Insurance, Workmenâ€⠄¢s Compensation Insurance, Fidelity Guarantee Insurance and loss of money insurance. The company also has a policy of covering money loss if it occurs during the money is in locker or money loss in the company premises during business hours or in transit between bank and office premises. Oil and Energy team of Emirates insurance Company offers various services to its clients in the world and it focuses on the risk related to oil and gas. It has a wide range of insurance products like Motor Insurance, Marine Hull Insurance, Medical Insurance, Third party general insurance, Aviation insurance, Banker’s Blanket Bond Insurance, Cargo Insurance, fidelity Guarantee Insurance and Life Insurance. Here we will analyze respective ratios like Profitability ratio, asset management ratio, Debt management ratio and Leverage ratio to understand the financial position and performance of the company. Ratio Analysis Ratio analysis states the systematic analysis of the financial statement of a company to understand and interpret its performance and financial positions for a particular period of time. Ratio analysis can be compared

How E-Commerce Began Essay Example | Topics and Well Written Essays - 250 words

How E-Commerce Began - Essay Example It could share business information ranging from shipment to invoices. In 1979, Americans came up with a system ASC X 12. It shared business information on the electronic network platforms. In 1980s, institutions and firms used USENET networks and transmission control protocol & internet protocol (TCP/IP). It involved the use of a computer terminal and packet-switched technology to connect modems and internet. Later in 1980s, a computer service firm provided e-mail and chat room services to its clients. In 1990, researchers from European Organization for Nuclear initiated a web-based tool referred to as hypertext that could through a web browser (Marc, 2004, p. 10). Technological advancement and internet popularity among businesses took center stage in 1994, when HTTP security protocols came operational. It enabled fast and persistent access to the internet. In the year 2000, several business companies in the western world had their representation on the World Wide Web (www). It was a year when business used e-commerce as the purchase and sale of services and goods via the internet. The set back e-commerce encountered was on the fall out of dot-com whereby many businesses vanished on the web. However, other companies and retailers saw the importance of e-commerce and immediately put their presence on the web. By 2005, a large platform of e-commerce in the form of business-to-business and business- to -consumer had a turnover of more than 700 billion dollars (Alan & Steven, 2001). E-commerce is pivotal in today’s digital world; consumers can get a range of products swiftly and comparing prices at a click of a mouse. Internet provides a platform for consumers without expensive campaign. Internet companies like EBay and Amazon enjoy transactions on the net. Nevertheless, what are the drivers that make e-commerce a success? To date, companies use e-commerce to lower operating costs and increase revenue in