RISK ANALYSIS IN MILK PROCESSING

• Main Authors: I. PIRVUTOIU, AGATHA POPESCU, M.A. GRIGORAS
• Format: Article
• Language: English
• Published: Agroprint Timisoara 2008-05-01
• Series: Scientific Papers Animal Science and Biotechnologies
• Subjects: risk bankruptcy; canon and holder’s model; meat processing
• Online Access: http://spasb.ro/index.php/spasb/article/view/1272

This paper aimed to evaluate Risk bankruptcy using “Score Method” based on Canon and Holder’s Model. The data were collected from the Balance Sheet and Profit and Loss Account for the period 2005-2007, recorded by a Meat processing Plant (Rador Commercial Company ) .The study has put in evidence the financial situation of the company,the level of the main financial ratios fundamenting the calculation of Z score function value in the three years The low values of Z score function recorded every year reflects that the company is still facing backruptcy. However , the worst situation was recorded in the years 2005 and 2006, when baknruptcy risk was ranging between 70 – 80 % . In the year 2007, the risk bankruptcy was lower, ranging between 50-70 % , as Z function recorded a value lower than 4 .For Meat processing companies such an analysis is compulsory at present as long as business environment is very risky in our country.