Predicting Bankruptcy of Heritage Foods Company by Applying Altman’s Z-Score Model

Looking into the Present scenario of business practices today; the enhancing uncertainty scenario takes away the surety of existence. Financial position analysis provides the basis for understanding and evaluating the results of business operations and explanation how well a business is firm position, This analysis can help financial longevity of a business is concern to internal and external stakeholders. Edward Altman is development of the Z-score for predicting bankruptcy with a multivariate formula for a measurement of the financial health of a firm and a powerful diagnostic tool that forecasts the probability of a company entering bankruptcy, it is undertaken with the purpose of extract significant information relating to firm's efficiency and degree of risk position of firm. This study investigated the applicability of the Altman's bankruptcy models to examine the financial soundness of the firms belonging to the manufacturing