India Balance Of Trade

India reported a trade deficit equivalent to 16266 Mn. USD in May of 2012. Historically, from 1994 until 2012, India Balance of Trade averaged -3665.2 Million USD reaching an all time high of 491.3 Million USD in November of 2001 and a record low of -19644.0 Million USD in October of 2011.

India is leading exporter of gems and jewelry, textiles, engineering goods, chemicals, leather manufactures and services. India is poor in oil resources and is currently heavily dependent on coal and foreign oil imports for its energy needs. Other imported products are: machinery, gems, fertilizers and chemicals. Main trading partners are European Union, The United States, China and UAE.

Z Score Check

      It is a big question for any investor at the time of investment, whether he is investing in solvent company or not? To ensure financial stability of the company investor may look at some financial ratios like profitability ratios, liquidity ratios etc. The trouble is, each ratio is unique and tells a different story about a firm's financial health. Here we have demonstrated a financial measure that checks the company’s financial solvency by just a one figure i.e. “Z-Score”.  It is a statistical measure that quantifies the distance of data point from the mean of a data set. In a more financial sense, Z-score is the output from a credit-strength test that measures the likelihood of bankruptcy. A Z-score of 0 is equal to a 50% probability of bankruptcy and the higher the number refers good financial condition and vice versa.

                                    Negative “Z Score” Companies

                                                                                         

· Here below we have screened out list of the company which has "Z-Score" between zero to one. We can further look to the company’s financial and profitability condition before investing in this companies. Some of below listed companies have gone for debt restructuring.

· Here, we are providing the list of the companies which are quite solvent and we can park our investment in these companies. For this purpose, we have also applied screening measure on our total list of companies, to find refined list. The measures we have applied are market cap greater than 500 Cr, having dividend yield of more than 3% and whose Net Block is greater than its Total Debt. So we believe, these companies have potential to be solvent in critical slow down of the economy situation.