Measuring Financial Health of Kothari Sugars Limited Using 'Z' Score Model

Abstract

Going global, Survival of the business in the modern world is the driving force to do better than - others. In order to survive and continue to be in business it is essential that an organization successfully manages its finance which requires more attention and care. Ineffective management is one of the important factors causing industrial sickness. Many variables are available to indicate the business sickness. Therefore, it is important to monitor the financial position and health of company through its financial statements which throw light on the operational efficiency and financial position of the company. The principle objective of this research is to ascertain the financial health of Kothari Sugars Limited and consistency of financial performance for ten years from 1998-99 to 2007-08. The research findings are that the company does not maintain good financial performance I health throughout the study period.