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Industrial Sickness, Corporate Failure, Prediction Models.

Industrial Sickness has been growing in such large proportions that in the wake of industrial development, a large number of new units covering all types of units in small, medium and large sectors are added in this category. The rapid growth and magnitude of industrial sickness is puzzling issue not only for present time but also for all times to come, especially for India. It has become a matter of serious concern for all; concerned directly or indirectly with the industrial units; not only because Billions of rupees locked up in Millions of sick units but also for the fortunes for numerous classes to be affected. The failure of a unit is an event which brings a lot of mental torture to entrepreneurs, managers and to their families. The society is also affected by the phenomenon of sickness as unemployment spreads widely, availability of goods and services decrease and the prices soar up. The share holders lose their hard-earned savings. Creditors lose their cash and future prospects of business. The socio-economic implications of industrial sickness are so severe that it may disturb the whole industrial climate. Under such scenario this study on “An Empirical Case Study on Prediction of Corporate Failure in the Selected Industrial Unit in India” is an attempt to identify sickness at early stage with help of Altman’s discriminate Analysis model so the corporate failure can be minimized.