Advantages And Disadvantages Of Fertiliser Industry

1282 Words6 Pages

ASSESSING THE CORPORATE FINANCIAL DISTRESS OF FERTILISER COMPANIES IN INDIA USING ALTMAN 'S Z-SCORE REDICTIVE MODEL Dr. Uthira. D, Associate Professor and Head, P. G. Department of Commerce, M.O.P. Vaishnav College for Women, Chennai uthirad@yahoo.com ABSTRACT The success of the agricultural sector in India is largely dependent on the fertiliser industry. The benchmark that the food industry in India has set is mainly due to the many technically competent fertiliser producing companies in the country. But over the past few years due to many challenges faced by the Industry many of the fertiliser companies have been recording huge losses, many have reduced production due to escalating costs or have shut shop, which are certainly not good signs which the Government can afford to send to the economy. A realistic understanding of the financial position in terms of where it stands in the continuum of Corporate Financial distress is imperative for all the stakeholders to assess, review and strategize bailout options. This paper focuses on assessing the level of the Financial Distress of listed Fertiliser Companies in India using Corporate Financial Distress Prediction model, Altman 's Z-Score. Key Words: Fertiliser Companies, Corporate Financial Distress Prediction, Altman 's Z-Score INTRODUCTIONc THE INDIAN FERTILISER INDUSTRY: BACKGROUND: Since agriculture is a very important sector it goes without saying that the fertiliser industry is one which the Indian economy cannot

Open Document