Unit 4.1 bba 2 gsi
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This document discusses sickness in small businesses. It defines a sick industry as one that has accumulated losses exceeding its net worth and suffered cash losses for two consecutive years. Signs of sickness include declining capacity utilization, shortage of funds, excessive inventory, irregular financial reporting, and declining product quality. Causes can be external like economic recession or changes in policy, or internal like poor management, marketing issues, or lack of working capital. Consequences are huge losses for banks and jobs, reduced investment, and wasted resources. Corrective measures include early identification, mergers, quick rehabilitation plans, periodic financial reviews, and training programs for entrepreneurs.
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Nature and Purpose of Business || Part-1 || Business Study Class 11 ||
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व्यवसाय की अवधारणा, व्यवसाय के लक्षण, व्यवसाय के उद्देश्य: आर्थिक उद्देश्य, सामाजिक उद्देश्य, व्यवसाय में लाभ की भूमिका, व्यवसाय, पेशे और रोजगार की तुलना आदि।
This is the First part of this topic.
Second Part coming soon....
Make sure to like, and share the video. Your support and love is very important to me.
Disclaimer- Some contents are used for educational purpose under fair use. Copyrights Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for: fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. All credit for copyright material used in video goes to respected owner.
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Industrial sickness is defined in India as "an industrial company (being a company registered for not less than five years) which has, at the end of any financial year, accumulated losses equal to, or exceeding, its entire net worth and has also suffered cash losses in such financial year and the financial year immediately preceding such financial year".
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Causes of sickness in small scale industries day 3
This document discusses small-scale industries (SSI) in India. It defines three types of SSI: tiny industries located in rural/small urban areas, ancillary industries that produce parts/components, and cottage industries that use local resources. It outlines characteristics, roles, importance, and common problems of SSI, which include lack of adequate financing, raw materials, equipment, power, and marketing support. The document also discusses symptoms and reasons for industrial sickness in SSI, such as cash shortages, deteriorating finances, and employee morale issues. It provides assignments on preventative measures for SSI, their role in India's economic development, and addressing their common problems.
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व्यवसाय की अवधारणा, व्यवसाय के लक्षण, व्यवसाय के उद्देश्य: आर्थिक उद्देश्य, सामाजिक उद्देश्य, व्यवसाय में लाभ की भूमिका, व्यवसाय, पेशे और रोजगार की तुलना आदि।
This is the First part of this topic.
Second Part coming soon....
Make sure to like, and share the video. Your support and love is very important to me.
Disclaimer- Some contents are used for educational purpose under fair use. Copyrights Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for: fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. All credit for copyright material used in video goes to respected owner.
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This document provides guidance on drafting a compliant Management Discussion and Analysis (MD&A) section for quarterly financial reports. It discusses that the MD&A should cover the most recent quarter, completed fiscal year, and prior year quarter. Key elements that should be included are identification and analysis of material changes, materiality testing, comparisons of financial condition and performance to prior periods, and causes of material changes. The MD&A should provide an executive overview of the company and key financial indicators to help readers understand operations and financial conditions.
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This document discusses language acquisition and the evidence available to children learning their first language. It presents three types of evidence that could support language acquisition: positive evidence from sentences children hear, direct negative evidence from corrections, and indirect negative evidence from ungrammatical sentences not occurring. However, the evidence suggests corrections are rare and children primarily learn from positive examples. While children acquire language successfully regardless of environment, the limited evidence available makes it difficult to explain how they learn complex linguistic rules and structures.
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This document discusses small-scale industries (SSI) in India. It defines three types of SSI: tiny industries located in rural/small urban areas, ancillary industries that produce parts/components, and cottage industries that use local resources. It outlines characteristics, roles, importance, and common problems of SSI, which include lack of adequate financing, raw materials, equipment, power, and marketing support. The document also discusses symptoms and reasons for industrial sickness in SSI, such as cash shortages, deteriorating finances, and employee morale issues. It provides assignments on preventative measures for SSI, their role in India's economic development, and addressing their common problems.
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1. MSMEs are the backbone of India's industrial development, contributing nearly 8% of GDP, 40% of manufacturing output, and 45% of exports. They also provide the largest share of employment after agriculture.
2. MSMEs can be classified as micro, small, or medium based on the number of employees and amount invested in plant and machinery. Micro enterprises have less than 10 employees and investments under Rs. 25 lakh. Small enterprises have less than 50 employees and investments under Rs. 5 crore.
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Industrial-sickness-of-india
Industrial sickness refers to companies that have accumulated losses exceeding their net worth or failed to repay debts for several consecutive quarters. Causes include internal factors like power cuts, input shortages, and demand issues, as well as external factors like faulty planning, financial problems, and management issues. Consequences are setbacks to employment, industrial unrest, wasted resources, and losses for banks and the government. Remedial measures involve steps by banks and government policies to aid revival through concessions, early sickness detection, and institutions like the Industrial Reconstruction Corporation of India.
industrial sickness in India
Industrial sickness in India has been growing at an annual rate of around 28% and 13% in terms of number of units and outstanding bank credit, respectively. There are currently over 2 lakh sick units in India with outstanding bank credit of over Rs. 7,000 crore. Around 29,000 units are added to the sick list every year. Causes of industrial sickness include both external factors like government policy, supply issues, and demand constraints, as well as internal factors like outdated technology, financial problems, and management issues. Consequences of industrial sickness include job losses, industrial unrest, wastage of resources, and losses for banks and financial institutions. Various measures have been taken to remedy industrial sickness, including assistance from banks
Slideshare Powerpoint presentation
Art is a creative expression that stimulates the senses or imagination according to Felicity Hampel. Picasso believed that every child is an artist but growing up can stop that creativity. Aristotle defined art as anything requiring a maker and not being able to create itself.
SICKNESS IN SMALL INDUSTRIES – REASONS AND REHABILITATION.pptx
This document discusses industrial sickness, its causes, symptoms, and remedial measures. It defines industrial sickness as when an industrial firm performs poorly, incurs losses for several years and defaults on debt obligations. Common causes include inadequate working capital, obsolete technology, marketing problems, and poor management. Symptoms include declining output, delayed loan repayments, and erosion of net worth. Suggested remedial measures include identifying sickness early, improving infrastructure, upgrading technology, government interventions, financial assistance, training, and rehabilitation of potentially viable sick units. Term lending institutions and commercial banks are advised to properly appraise projects and ensure timely implementation to prevent sickness.
Industrial Sickness || Industrial Sickness in Hindi ||
Industrial sickness refers to an industrial firm performing poorly over several years, incurring losses, and defaulting on debt repayment obligations. A sick unit continuously fails to generate surplus and depends on external funds. Signs of sickness include short-term liquidity issues, revenue and operating losses, and overusing external credit. Sickness is a gradual process resulting from various financial, technical, managerial, personnel and marketing causes. It has serious socio-economic consequences for employees, investors, and the national economy. Preventing sickness requires proper project location, market analysis, and avoiding over-capitalization.
Industrial sickness and Industrial relations
INDUSTRIAL SICKNESS AND INDUSTRIAL RELATIONS
PRESENTED BY-
SWAYAM GUPTA
08-BBA-13
INDUSTRIAL SICKNESS
In simple term a sick unit may mean a unit which is not healthy in terms of yielding profits and fetching returns on investments.
According to SICA Act,1985, industrial company defined as sick if:-
It was registered for at least seven years;
It incurred cash losses for the current and the preceding year and
It had eroded 50% more of its peak net worth during any of preceding five financial years.
CAUSES OF SICKNESS
Industrial units may become sick at different stages and due to different reasons. Indeed, some industrial units are-
born sick,
some units achieve sickness.
CAUSES FOR BORN SICKNESS
Wrong Location- It has been observed that “high-technology based units are established in areas without skilled labour or supporting infrastructure; industries based on imported raw materials are founded in regions without adequate transport and communication system.”
Inexperienced Promoters-They may go for wrong selection of project and may make faulty project planning. This may give birth to sick units.
Technological Factors-If plant and machinery finally selected by entrepreneur turns out to be defective or obsolete, then units are bound to be sick.
Faulty Demand Forecasting-Wrong assessment of market potential or faulty demand forecasting, change in the market conditions, including the change in the consumer tastes and preferences, etc. Can also cause birth of sick units.
CAUSES OF ACHIEVED SICKNESS (INTERNAL CAUSES)
Labour Problems-In some cases, acute labour problems have resulted in strikes, lock-outs and even closure of industrial units. If these problems are not tackled in time, these problems can cause sickness.
Diversion of Resources-It means investing funds of the business unit in some new ventures. Some entrepreneurs divert their resources in the new ventures without in-depth analysis of such new ventures. if these new ventures do not succeed then it results in losses and lead the unit towards sickness.
Failure to Modernise-If the business unit fails to adopt the advanced technology, fails to change the product mix and other elements of marketing mix to suit the changing environment, then such unit may lag behind and in the long run, it may lead to sickness.
Over-capitalisation-It means capital invested in the business owned or borrowed is more than the required capital. It put burden in the form of interest and dividend. It affects profitability and leads to sickness.
EXTERNAL CAUSES
Government Policy-Sudden changes in the govt. policy relating to import, export, industrial licensing, taxation etc. can make viable units sick.
Shortage of Raw Material-In a number of cases, the units are not able to achieve optimum capacity due to shortage of raw material. This results in disturbing the production schedule, causing losses to the unit.
Recession in the Market-It may cause steep declin
Industry sickness
Sickness in small and medium enterprises (SMEs) is a serious problem that wastes resources and impacts economic growth. Sickness progresses through stages from a healthy normal stage to a final sick stage. It is caused by both internal factors like poor management and external factors like changes in government policy. Preventive measures include careful project appraisal, monitoring of warning signs, and addressing deficiencies. The government has established a framework for revival and rehabilitation of sick SMEs through identification of stress, corrective action plans, and restructuring processes. Early detection and intervention are important to prevent sickness from worsening.
HRP PRESENTATION.pptx
The document discusses corporate sickness, which refers to when an industrial business fails to be reasonably profitable. It defines corporate sickness and traces its history in India. The government first defined industrial sickness in 1985. Symptoms of corporate sickness include financial imbalance and inappropriate resource utilization. Causes can be internal, like financial issues or external, such as lack of skilled labor. The document outlines different types of corporate sickness and remedies businesses can take to overcome sickness, such as recovery policies. It concludes that sickness should be detected early through legal and economic measures.
Industrial Sickness - Meaning and Causes
Industrial sickness refers to a situation where an industrial firm performs poorly and incurs losses for several years, defaulting on debt repayments. A sick unit fails to generate profits continuously and depends on external funds. Signs of sickness include short-term liquidity issues, revenue losses, operating losses, and overuse of credit. Sickness is caused by both internal factors like poor management and technical issues, as well as external factors such as infrastructure problems, government policies, and market constraints. It is a growing socio-economic problem impacting employees, investors, and the economy.
88e6esickness Of Industry
The document discusses sickness in industries according to definitions from the Reserve Bank of India and Sick Industrial Companies Act. It lists signals that indicate potential sickness such as a decline in capacity utilization and liquidity issues. Symptoms that emerge later include persistent cash shortages, deteriorating financial ratios, and requests for bank loans. Causes of sickness can be external factors like changes in policy or demand, or internal issues with management, marketing, or working capital. Consequences of industry sickness include financial losses, job losses, wasted resources, and reduced tax revenue.
5.1. sica murthy
The Sick Industrial Companies (Special Provisions) Act 1985 was enacted to check sickness and expedite revival of viable sick companies through rehabilitation plans approved by the Board for Industrial and Financial Reconstruction. The Act defined a sick company as one with accumulated losses over 50% of net worth or failure to repay debts for 3 quarters. Causes of sickness included internal factors like poor finance, production, and management and external factors such as constraints in personnel, marketing, production, and finance. The 2013 Act allowed measures for revival schemes including financial reconstruction, management changes, amalgamation, asset sales, and debt restructuring.
Sickness in small scale industries
The document defines industrial sickness as an industrial company that has accumulated losses exceeding its net worth for two consecutive years and has suffered cash losses. It lists several signs of industrial sickness including declining capacity utilization, liquidity shortages, and failure to maintain proper financial records or pay statutory dues. Internal causes include lack of financing, poor production policies, ineffective marketing and personnel management, and weak corporate management. External causes include constraints related to labor, marketing, production, and access to financing. Industrial sickness can result in huge financial losses, job losses, reduced investment and tax revenue. Early identification and interventions such as infrastructure improvements, technology upgrades, marketing assistance and government review can help address industrial sickness.
INDUSTRIAL SICKNESS IN INDIA
Industrial sickness in india: introduction, concept, meaning definition, signals, measures causes, effects, magnitude, data, suggestions, SICA 1985, features, BIFR, reporting , enquiry, amendment act, case study of hindustan motors, related headlines, conclusion
Sica industrial companies {special provision} act[sica
This document summarizes the Sick Industrial Companies (Special Provisions) Act 1985 in India. It defines a sick company as an industrial company registered for at least 7 years that has accumulated losses exceeding its net worth or has suffered cash losses for two consecutive years. Causes of sickness include faulty planning, bad management, and external factors like shortage of materials. The Act established the Board for Industrial and Financial Reconstruction to legally identify sick industries and create rehabilitation schemes. It was later amended by the Sick Industrial Company (Special Provisions) Bill of 1997 to address issues like asset stripping and speed up the resolution process.
Industrial sickness
The document defines industrial sickness as accumulated losses exceeding a company's net worth or suffering cash losses over a financial year according to Indian law. It identifies some signs of industrial sickness like declining capacity utilization and technical issues. Causes are categorized as external factors like market recession or competition, and internal factors involving faulty planning, incompetent management, and financial or labor problems. Turning around sick units requires efficient management and executing a successful turnaround strategy.
Industrial Sickness - Prevention and Remedies
This presentation talks about how industrial sickness could be prevented and what remedies could be adopted to cure industrial sickness.
Sick industries: The reasons and remedies for it (A case study in Bangladesh)
Small industrial units are the seedbed on industrial development in underdeveloped economy for its less capital involvement and more employment generation capability. But this sector cannot contribute expectedly for infection to sickness that ultimately prevents the entrepreneurial bases of economy. Sickness can be occurred in the inception period, in operation and /or in macro environment. Without the growth and development of entrepreneurship the development of country would always be unattained. It is a study through which we try to analyze the forces behind the spirit of entrepreneurship development. The study tried to explore the ambitions, compulsions, facilitations and expectations which lead them to industry, the idea generation process and motivators in that process of entrepreneurships and also the primary obstacles in entrepreneurships in Industrial estates. In this context an extensive survey is made and data have been collected from some entrepreneurs in five BSCIC industrial estate of Sylhet division in Bangladesh. From that study it is revealed that the leading ambition is making profits, compulsions are dissatisfaction in present job and unemployment and facilitating factors are technical skill and experience. The main source of idea is the entrepreneur himself and he is also the motivator in that process. Obstacle in emergence of entrepreneurship in industrial estates is revealed as the procedural hazards. Therefore it is suggested that proper counselling in presence of family members and minimizing the procedural hazards in facilitating supports should be emphasized in entrepreneurial development program. The problem of industries becoming sick, both in public and private sectors, has turned to be alarming in Bangladesh in recent years. Although the causes for closure or divestment might be many but in most of the cases continued loss played a major role. Thus the problem of industries becoming sick deserves to be treated more seriously at Government policy level as it is related to the national economy and development.
Eco n legal 3
The document discusses industrial sickness in India. It defines an industrially sick unit according to the Reserve Bank of India and summarizes the key provisions of the Sick Industrial Companies (Special Provisions) Act 1985 (SICA). SICA aimed to determine sickness in industrial units and facilitate revival of viable units or closure of unviable ones. It established the Board for Industrial and Financial Reconstruction and Appellate Authority for Industrial and Financial Reconstruction to tackle industrial sickness. The document also lists various internal and external causes that can lead a company to become industrially sick.
Policies to Reduce Unemployment
The document discusses policies to reduce unemployment in three main areas: boosting labor demand, improving labor supply, and addressing structural barriers. It analyzes policies like fiscal stimulus, tax cuts, regional development, and workforce training. It also evaluates the challenges, like long-term unemployment, regional disparities, and weak productivity growth. Reducing unemployment significantly requires stronger economic growth and new industries to generate sufficient jobs.
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This document discusses the role of the Indian government in promoting entrepreneurship. It outlines India's national innovation system, including research councils and institutions. It notes challenges such as fragmented policies, inadequate funding and infrastructure. Recent positive steps include new incubators and startup funds. The document recommends business-friendly laws and regulations, intellectual property protection, education and infrastructure investment to strengthen the innovation ecosystem and support entrepreneurs.
A project report on hdfc standard life insurance
This document provides an acknowledgement and index for a project report on HDFC Standard Life Insurance Company. It thanks the company and project guide for their support and guidance. The index outlines the contents of the report, which will cover topics like the history of insurance, HDFC's products and services, barriers to entry in the insurance sector, growth potential, and recommendations.
ppt on micro small and medium enterprises
This document provides an overview of micro, small, and medium enterprises (MSMEs) in India. Some key points:
1. MSMEs are the backbone of India's industrial development, contributing nearly 8% of GDP, 40% of manufacturing output, and 45% of exports. They also provide the largest share of employment after agriculture.
2. MSMEs can be classified as micro, small, or medium based on the number of employees and amount invested in plant and machinery. Micro enterprises have less than 10 employees and investments under Rs. 25 lakh. Small enterprises have less than 50 employees and investments under Rs. 5 crore.
3. MSMEs play an important role in
Industrial-sickness-of-india
Industrial sickness refers to companies that have accumulated losses exceeding their net worth or failed to repay debts for several consecutive quarters. Causes include internal factors like power cuts, input shortages, and demand issues, as well as external factors like faulty planning, financial problems, and management issues. Consequences are setbacks to employment, industrial unrest, wasted resources, and losses for banks and the government. Remedial measures involve steps by banks and government policies to aid revival through concessions, early sickness detection, and institutions like the Industrial Reconstruction Corporation of India.
industrial sickness in India
Industrial sickness in India has been growing at an annual rate of around 28% and 13% in terms of number of units and outstanding bank credit, respectively. There are currently over 2 lakh sick units in India with outstanding bank credit of over Rs. 7,000 crore. Around 29,000 units are added to the sick list every year. Causes of industrial sickness include both external factors like government policy, supply issues, and demand constraints, as well as internal factors like outdated technology, financial problems, and management issues. Consequences of industrial sickness include job losses, industrial unrest, wastage of resources, and losses for banks and financial institutions. Various measures have been taken to remedy industrial sickness, including assistance from banks
Slideshare Powerpoint presentation
Art is a creative expression that stimulates the senses or imagination according to Felicity Hampel. Picasso believed that every child is an artist but growing up can stop that creativity. Aristotle defined art as anything requiring a maker and not being able to create itself.
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Similar to Unit 4.1 bba 2 gsi
SICKNESS IN SMALL INDUSTRIES – REASONS AND REHABILITATION.pptx
This document discusses industrial sickness, its causes, symptoms, and remedial measures. It defines industrial sickness as when an industrial firm performs poorly, incurs losses for several years and defaults on debt obligations. Common causes include inadequate working capital, obsolete technology, marketing problems, and poor management. Symptoms include declining output, delayed loan repayments, and erosion of net worth. Suggested remedial measures include identifying sickness early, improving infrastructure, upgrading technology, government interventions, financial assistance, training, and rehabilitation of potentially viable sick units. Term lending institutions and commercial banks are advised to properly appraise projects and ensure timely implementation to prevent sickness.
Industrial Sickness || Industrial Sickness in Hindi ||
Industrial sickness refers to an industrial firm performing poorly over several years, incurring losses, and defaulting on debt repayment obligations. A sick unit continuously fails to generate surplus and depends on external funds. Signs of sickness include short-term liquidity issues, revenue and operating losses, and overusing external credit. Sickness is a gradual process resulting from various financial, technical, managerial, personnel and marketing causes. It has serious socio-economic consequences for employees, investors, and the national economy. Preventing sickness requires proper project location, market analysis, and avoiding over-capitalization.
Industrial sickness and Industrial relations
INDUSTRIAL SICKNESS AND INDUSTRIAL RELATIONS
PRESENTED BY-
SWAYAM GUPTA
08-BBA-13
INDUSTRIAL SICKNESS
In simple term a sick unit may mean a unit which is not healthy in terms of yielding profits and fetching returns on investments.
According to SICA Act,1985, industrial company defined as sick if:-
It was registered for at least seven years;
It incurred cash losses for the current and the preceding year and
It had eroded 50% more of its peak net worth during any of preceding five financial years.
CAUSES OF SICKNESS
Industrial units may become sick at different stages and due to different reasons. Indeed, some industrial units are-
born sick,
some units achieve sickness.
CAUSES FOR BORN SICKNESS
Wrong Location- It has been observed that “high-technology based units are established in areas without skilled labour or supporting infrastructure; industries based on imported raw materials are founded in regions without adequate transport and communication system.”
Inexperienced Promoters-They may go for wrong selection of project and may make faulty project planning. This may give birth to sick units.
Technological Factors-If plant and machinery finally selected by entrepreneur turns out to be defective or obsolete, then units are bound to be sick.
Faulty Demand Forecasting-Wrong assessment of market potential or faulty demand forecasting, change in the market conditions, including the change in the consumer tastes and preferences, etc. Can also cause birth of sick units.
CAUSES OF ACHIEVED SICKNESS (INTERNAL CAUSES)
Labour Problems-In some cases, acute labour problems have resulted in strikes, lock-outs and even closure of industrial units. If these problems are not tackled in time, these problems can cause sickness.
Diversion of Resources-It means investing funds of the business unit in some new ventures. Some entrepreneurs divert their resources in the new ventures without in-depth analysis of such new ventures. if these new ventures do not succeed then it results in losses and lead the unit towards sickness.
Failure to Modernise-If the business unit fails to adopt the advanced technology, fails to change the product mix and other elements of marketing mix to suit the changing environment, then such unit may lag behind and in the long run, it may lead to sickness.
Over-capitalisation-It means capital invested in the business owned or borrowed is more than the required capital. It put burden in the form of interest and dividend. It affects profitability and leads to sickness.
EXTERNAL CAUSES
Government Policy-Sudden changes in the govt. policy relating to import, export, industrial licensing, taxation etc. can make viable units sick.
Shortage of Raw Material-In a number of cases, the units are not able to achieve optimum capacity due to shortage of raw material. This results in disturbing the production schedule, causing losses to the unit.
Recession in the Market-It may cause steep declin
Industry sickness
Sickness in small and medium enterprises (SMEs) is a serious problem that wastes resources and impacts economic growth. Sickness progresses through stages from a healthy normal stage to a final sick stage. It is caused by both internal factors like poor management and external factors like changes in government policy. Preventive measures include careful project appraisal, monitoring of warning signs, and addressing deficiencies. The government has established a framework for revival and rehabilitation of sick SMEs through identification of stress, corrective action plans, and restructuring processes. Early detection and intervention are important to prevent sickness from worsening.
HRP PRESENTATION.pptx
The document discusses corporate sickness, which refers to when an industrial business fails to be reasonably profitable. It defines corporate sickness and traces its history in India. The government first defined industrial sickness in 1985. Symptoms of corporate sickness include financial imbalance and inappropriate resource utilization. Causes can be internal, like financial issues or external, such as lack of skilled labor. The document outlines different types of corporate sickness and remedies businesses can take to overcome sickness, such as recovery policies. It concludes that sickness should be detected early through legal and economic measures.
Industrial Sickness - Meaning and Causes
Industrial sickness refers to a situation where an industrial firm performs poorly and incurs losses for several years, defaulting on debt repayments. A sick unit fails to generate profits continuously and depends on external funds. Signs of sickness include short-term liquidity issues, revenue losses, operating losses, and overuse of credit. Sickness is caused by both internal factors like poor management and technical issues, as well as external factors such as infrastructure problems, government policies, and market constraints. It is a growing socio-economic problem impacting employees, investors, and the economy.
88e6esickness Of Industry
The document discusses sickness in industries according to definitions from the Reserve Bank of India and Sick Industrial Companies Act. It lists signals that indicate potential sickness such as a decline in capacity utilization and liquidity issues. Symptoms that emerge later include persistent cash shortages, deteriorating financial ratios, and requests for bank loans. Causes of sickness can be external factors like changes in policy or demand, or internal issues with management, marketing, or working capital. Consequences of industry sickness include financial losses, job losses, wasted resources, and reduced tax revenue.
5.1. sica murthy
The Sick Industrial Companies (Special Provisions) Act 1985 was enacted to check sickness and expedite revival of viable sick companies through rehabilitation plans approved by the Board for Industrial and Financial Reconstruction. The Act defined a sick company as one with accumulated losses over 50% of net worth or failure to repay debts for 3 quarters. Causes of sickness included internal factors like poor finance, production, and management and external factors such as constraints in personnel, marketing, production, and finance. The 2013 Act allowed measures for revival schemes including financial reconstruction, management changes, amalgamation, asset sales, and debt restructuring.
Sickness in small scale industries
The document defines industrial sickness as an industrial company that has accumulated losses exceeding its net worth for two consecutive years and has suffered cash losses. It lists several signs of industrial sickness including declining capacity utilization, liquidity shortages, and failure to maintain proper financial records or pay statutory dues. Internal causes include lack of financing, poor production policies, ineffective marketing and personnel management, and weak corporate management. External causes include constraints related to labor, marketing, production, and access to financing. Industrial sickness can result in huge financial losses, job losses, reduced investment and tax revenue. Early identification and interventions such as infrastructure improvements, technology upgrades, marketing assistance and government review can help address industrial sickness.
INDUSTRIAL SICKNESS IN INDIA
Industrial sickness in india: introduction, concept, meaning definition, signals, measures causes, effects, magnitude, data, suggestions, SICA 1985, features, BIFR, reporting , enquiry, amendment act, case study of hindustan motors, related headlines, conclusion
Sica industrial companies {special provision} act[sica
This document summarizes the Sick Industrial Companies (Special Provisions) Act 1985 in India. It defines a sick company as an industrial company registered for at least 7 years that has accumulated losses exceeding its net worth or has suffered cash losses for two consecutive years. Causes of sickness include faulty planning, bad management, and external factors like shortage of materials. The Act established the Board for Industrial and Financial Reconstruction to legally identify sick industries and create rehabilitation schemes. It was later amended by the Sick Industrial Company (Special Provisions) Bill of 1997 to address issues like asset stripping and speed up the resolution process.
Industrial sickness
The document defines industrial sickness as accumulated losses exceeding a company's net worth or suffering cash losses over a financial year according to Indian law. It identifies some signs of industrial sickness like declining capacity utilization and technical issues. Causes are categorized as external factors like market recession or competition, and internal factors involving faulty planning, incompetent management, and financial or labor problems. Turning around sick units requires efficient management and executing a successful turnaround strategy.
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This presentation talks about how industrial sickness could be prevented and what remedies could be adopted to cure industrial sickness.
Sick industries: The reasons and remedies for it (A case study in Bangladesh)
Small industrial units are the seedbed on industrial development in underdeveloped economy for its less capital involvement and more employment generation capability. But this sector cannot contribute expectedly for infection to sickness that ultimately prevents the entrepreneurial bases of economy. Sickness can be occurred in the inception period, in operation and /or in macro environment. Without the growth and development of entrepreneurship the development of country would always be unattained. It is a study through which we try to analyze the forces behind the spirit of entrepreneurship development. The study tried to explore the ambitions, compulsions, facilitations and expectations which lead them to industry, the idea generation process and motivators in that process of entrepreneurships and also the primary obstacles in entrepreneurships in Industrial estates. In this context an extensive survey is made and data have been collected from some entrepreneurs in five BSCIC industrial estate of Sylhet division in Bangladesh. From that study it is revealed that the leading ambition is making profits, compulsions are dissatisfaction in present job and unemployment and facilitating factors are technical skill and experience. The main source of idea is the entrepreneur himself and he is also the motivator in that process. Obstacle in emergence of entrepreneurship in industrial estates is revealed as the procedural hazards. Therefore it is suggested that proper counselling in presence of family members and minimizing the procedural hazards in facilitating supports should be emphasized in entrepreneurial development program. The problem of industries becoming sick, both in public and private sectors, has turned to be alarming in Bangladesh in recent years. Although the causes for closure or divestment might be many but in most of the cases continued loss played a major role. Thus the problem of industries becoming sick deserves to be treated more seriously at Government policy level as it is related to the national economy and development.
Eco n legal 3
The document discusses industrial sickness in India. It defines an industrially sick unit according to the Reserve Bank of India and summarizes the key provisions of the Sick Industrial Companies (Special Provisions) Act 1985 (SICA). SICA aimed to determine sickness in industrial units and facilitate revival of viable units or closure of unviable ones. It established the Board for Industrial and Financial Reconstruction and Appellate Authority for Industrial and Financial Reconstruction to tackle industrial sickness. The document also lists various internal and external causes that can lead a company to become industrially sick.
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The document discusses policies to reduce unemployment in three main areas: boosting labor demand, improving labor supply, and addressing structural barriers. It analyzes policies like fiscal stimulus, tax cuts, regional development, and workforce training. It also evaluates the challenges, like long-term unemployment, regional disparities, and weak productivity growth. Reducing unemployment significantly requires stronger economic growth and new industries to generate sufficient jobs.
intel Quarter 2008 3rdEarningsReleaseFinal
- Intel reported record third quarter revenue of $10.2 billion, up 8% from the previous quarter. Operating income was $3.1 billion, up 37% from the previous quarter.
- Revenue growth was driven by higher microprocessor unit sales and prices. Gross margin increased to 59% due to lower unit costs and higher revenue.
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Unit Iii
Small scale industries are defined as those with investment in plant and machinery up to Rs. 1 crore. They are characterized by small capital investment, local employment, and sole proprietorship. SSIs are important as they are labor intensive, ensure equal distribution of wealth and income, act as a link to large industries, and have export potential. Running an SSI has advantages like not requiring high technology, ability to use local resources, short gestation period, and generating local employment. A feasibility study assesses the viability of a business project by analyzing various factors such as market, resources, costs and benefits. Proper documentation and registration of a business is important for reducing liability, defining roles and objectives, and protecting intellectual property.
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The Indian economy is experiencing significant improvement after a turbulent period in 1998-99. GDP growth is estimated at 5.7% for 1999-2000 and forecast to reach 6.3% next year. Inflation is rising due to higher fuel prices but is expected to stabilize at 6.5%. Industrial growth is strong at around 8% and the corporate sector is reporting brisk revenue and profit growth. The near term outlook assumes normal monsoon and continued growth of around 6% led by strong consumer demand. Infrastructure investment is needed to boost growth to over 8% annually.
Deloitte budget 2022 23 expectations
The document discusses expectations for the upcoming Indian budget. It provides context on the current strong economic growth outlook in India and top expectations. The key expectations are:
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SICKNESS IN SMALL INDUSTRIES – REASONS AND REHABILITATION.pptx
SICKNESS IN SMALL INDUSTRIES – REASONS AND REHABILITATION.pptx
Industrial Sickness || Industrial Sickness in Hindi ||
Industrial Sickness || Industrial Sickness in Hindi ||
Sica industrial companies {special provision} act[sica
Sica industrial companies {special provision} act[sica
Sick industries: The reasons and remedies for it (A case study in Bangladesh)
Sick industries: The reasons and remedies for it (A case study in Bangladesh)
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Unit 4.1 bba 2 gsi
- 1. UNIT-4 BBA-2 GSI SICKNESS IN SMALL BUSINESS
- 2. Meaning • A sick Industry as “an industrial company (being a company registered for not less than seven years) which has at the end of any financial year accumulated losses equal to or exceeding its entire net worth and has also suffered from cash losses in such financial year immediately preceding such financial year – The sick industrial companies (special provisions) Act, (SICA) 1985
- 3. Signals and Symptoms of Sickness Decline in capacity utilization Shortage of liquid funds to meet short term obligations Inventories in excessive quantities Non submission of data to banks and other financial units Irregularities in maintaining bank accounts Frequent breakdowns in plants and equipments Decline in quality of products manufactured or service rendered Delay or default in the payment of statutory dues High attrition rate
- 4. Continuous tumble in the prices of the shares Delay in the audit of final accounts Frequent request to banks for loans
- 5. CAUSES AND CONSEQUENCES OF INDUSTRIAL SICKNESS I. EXTERNAL OR EXOGENEOUS CAUSES Changes in the industrial policies of the Government Inadequate and untimely availability of necessary inputs Lack of demand for the product Recession in the economy Frequent industrial strikes and labour unrest Shortage of financial resources especially working cap Natural calamities like floods, drought etc
- 6. II. Internal Causes Lack of good management Poor implementation Marketing problems Non-availability of raw materials Shortage of working capital Labour trouble Technical operational problems etc
- 7. Consequences Huge financial losses to the banks Loss to employment opportunities Emergence of industrial unrest Adverse effect on prospective investors and entrepreneurs Wastage of scarce resources Loss of revenue to the government
- 8. CORRECTIVE MEASURES Identification of sickness at the early stage (incipient stage) reduces deterioration Merger of large number of sick units will be a welcome proposition There should be a consensus among financial institutions – management and laborer on continuity and rehabilitation of suck units
- 9. There should be a separate board for the reconstruction of suck units Rehabilitation programmes should be carried out on permanent basis. Decision to rehabilitate a sick unit be finalized quickly, and in full swing other it may jeopardizes all efforts Banks and financial institutions have to periodically review the accounts of small scale units. EDP programmes have to be organized and conducted for entrepreneurs.
- 10. BEST OF LUCK