1Research Scholar (PH.D.), Name of The Organisation: M.R. Government Arts College, Mannargudi, Thiruvarur, (DT)-614 001
Affiliated to Bharathidasan University, Trichy, Erode, Tamilnadu, India
Online published on 23 February, 2017.
Sugar industry is the second largest agro-based industry in India. Livelihood of more than 45 million Sugar-cane farmers and large mass of agricultural labourers involved in sugar-cane cultivation and Harvesting are dependent on the performance of sugar industry. This paper aims at making an analysis of financial health of Balrampur Chini Mills in terms of liquidity, solvency, operational efficiency and profitability. Management practices with professional approach tend to improve the financial performance of sugar factories by implementing some innovative practices to reduce the avoidable cost and generating additional revenues. Ratio analysis is a widely used tool, which is relevant in assessing the performance of a firm in respect of liquidity position, long term, and solvency. In addition to this, it helps to predict the financial distress of the business. To evaluate the financial conditions and performance of a company, the present study is to have an insight into the examination of financial health of the organization by using z score model.
Financial Health, Altman's Z Score model, Liquidity, Solvency and Profitability
