A Study on Financial Health of Arasu Rubber Corporation, Kanyakumari District of Tamilnadu: A ‘Z’ Score Approach

thavamalar D.H, Julius prasad M

Abstract


Rubber is one of the versatile materials discovered by mankind. It is used for making tyres, tubes, engine mountings, brakes, radiators, hoses, oil seals, beading, mattings, linings, cushions etc. necessary for automobile industry.    Arasu Rubber Corporation was established during 1984. The corporation has a major share in the rubber production in Kanyakumari district. The company’s profitability, liquidity, leverage, activity and growth could be measured through financial ratios. No single ratio calculation can provide a meaningful picture of a firm’s financial condition.  Thus ,in the present study , Edward Altman’s ‘Z’ score has been used which focuses on a model which captures the predictive viability of a firms financial health by using a combination of financial ratios that ultimately predicts a score which can be used to determine the financial health of Arasu Rubber Corporation .


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ISSN : 2251-1555