• G.THENMOZHI
• Dr. A.VIJAYAKUMAR

The financial health of businesses may also be gauged by comparable factors to assess the viability of a company as a going concern. For instance, if a company has revenue coming in and cash in the bank, yet is expending its resources on new investments in production equipment, officer space, new hires, and other business services, it may raise questions about the long-term financial health and survivability of the company. If more money is spent that does not contribute to the overall stability and potential to growth of the business, it can lead to a decline that makes it difficult to pay regular expenses such as utilities and employee salaries. This may force businesses to freeze or cut salaries in order to give the company the fiscal allowance to continue its operations. Bankruptcy prediction gives an overview to management and investors about actual condition of the company briefly and clearly, because the poor condition does not happen all of a sudden it can be seen regularly. Nowadays, various models are used for bankruptcy prediction. The purpose of this study is to determine the selected FMCG companies’ health level which is listed in BSE and compare the results obtained firm applying the Altman Z-score and springate S-score model for firm bankruptcy prediction. Thus, the data collected during the period 2005-2006 to 2016-2017 were tested. The results suggest that there is a significant difference between the two models in bankruptcy prediction. Moreover, the Z-score model is more conservative in bankruptcy prediction than the springate S-score model.

Financial health, bankruptcy Z-score Model, Springate S-score, Fast Moving Consumer Goods (FMCG).

"ASSESSING FINANCIAL HEALTH OF SELECTED FAST MOVING CONSUMER GOODS COMPANIES IN INDIA: COMPARISON OF THE Z-SCORE AND SPRINGATE S-SCORE MODELS’", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.239-245, May-2019, Available :http://www.jetir.org/papers/JETIR1905O37.pdf

"ASSESSING FINANCIAL HEALTH OF SELECTED FAST MOVING CONSUMER GOODS COMPANIES IN INDIA: COMPARISON OF THE Z-SCORE AND SPRINGATE S-SCORE MODELS’", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp239-245, May-2019, Available at : http://www.jetir.org/papers/JETIR1905O37.pdf