PREDICTING BANKRUPTCY OF SELECTED FIRMS BY APPLYING ALTMAN’S Z-SCORE MODEL
Journal Title: International journal of research -GRANTHAALAYAH - Year 2016, Vol 4, Issue 4
Abstract
Predication of Bankruptcy is critical task. Early stage of identification of likelihood of solvency may avoid evils in the near future & may shelter the firm from Bankruptcy situation. Bankruptcy of organizations can be predicated by using Altman’s Z-Score Model. This study tries to apply the model to understand the likelihood of Bankruptcy of selected firms for past 5 years from 2011 to 2015 which are listed in BSE & NSE. Companies are selected from manufacturing & non-manufacturing sector. The study reveals that none of the companies completely belongs to Safe Zone except for few years. Most of the firms are in Distress Zone which clearly indicates that these firms may go Bankrupt in near future.
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