The article covers issues of bankruptcy detection in the context of dairy milk processing companies of the Republic of Belarus. Republic of Belarus is exporter of milk products i.e. more than 60% of products are exported abroad. Gross output of milk products is more than 7 thou tons. To keep successful functioning of diary milk processing companies it is important to estimate financial condition of the companies and detect possibility of bankruptcy in time. The article contains 11 models of bankruptcy detection, which provide the basis for the new model taking into account specificity of diary milk processing industry. Suggested methodology of ranking score to detect threat of bankruptcy classifies financial coefficients by reliability for specific diary milk processing company. Condition of the company may be evaluated as crisis, pre-crisis, unstable normal or absolute. This study includes examples of calculation for 6 major diary milk processing companies of the Republic of Belarus. These calculations prove the fact that possibility of bankruptcy is unstable every year. Such condition might be caused by many internal and external factors such as sanctions, embargo, restructuration and loss-making company takeover. Practically implemented this methodology should only be included into the notes of accounting reports of the company. It may be helpful for auditors and external users to estimate stability of the company and risk of bankruptcy and take reasonable decision about management of risks.
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