A Study Of Performance Analysis Of Selected Airways Companies Using Z-Score And Zmijewski Model

Abstract

The financial position of the company depends on the adequate availability of the funds and proper utilization of the funds which helps the company to progress. Financial Analysis and Financial Statements are the two main tools which can help to plan the future availability and utilization of the firm. The present research report is based on the financial performance analysis of selected Airways companies with the help of Z-Score Model and Zmijewski Model. The Z-Score Model was developed by Edward Altman in 1968 and Zmijewski Model was developed by Mark E Zmijewski. The researcher has used the model to analyze the solvency status of the of the selected Airways Companies. Mainly The present research is based considering the Secondary Data of the companies. The data had been collected from financial statements of the companies and from different websites like moneycontrol.com, rediffmoney.com and annual reports of the selected companies. In present study the companies from Airways Industry have been considered by the researcher. The companies were selected by Lottery Method by the researcher. The researcher will apply two independent Sample T -Test. The researcher found that models help and guide a lot in knowing the solvency status of the companies. The researcher also concluded that models could help a lot to the management in taking various decisions. Keywords: Solvency, Financial Analysis, Financial Statements, Z-Score Model, Zmijewski Model