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The sickness In Indian Industry is spreading at an alarming rate. The malady is now extensively spread in large and medium size units with credit facilities of more than Rs 1 crore. In some states as many as 60% of small scale units are sick. Approximately Rs. 10,000 crores of money of public money of locked in these units, if rescheduling of payment is also considered as inability to meet the obligations in time. The rising of industrial sickness is causing anxiety and alarm. Parliament has passed a Sick Industrial companies (Special Provisions) Legislation, 1985 to secure timely detection of sickness and to take appropriate measures to stem it. Sickness in industry is an organic process causes of sickness are the same in different industries, these have to be diagnosed in each group. In fact, there is a need to predict onset of sickness in various industrial groups so that managerial actions could be taken well in time. If sickness can be predicted, the process of decision making can be made prompt and responsive. Can financial ratios be scientifically evolved to predict corporate sickness. Dr. R.A. Yadav believes they can and presents in this book a more scientific approach in financial ratio analysis in predicting the health of a company and its chances of survival or failure. A wide range of financial ratios have been empirically tested and a multi-ratio model has been developed which can be useful in monitoring sickness by managers and other executive staff of industrial units, banks, financial institutions and state-level corporations. The academcians and researchers will find various techniques which can be usefully employed in predicting sickness using advanced statistical techniques.ISBN:8170226513
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Pages : 196
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