KOOL SOPHISTICATED COOLINGS LTD - SICK COMPANY REVIVAL Case Solution
Kool Classy Coolings Ltd (KSCL) found myself in huge problems in FY 2007-08, when its whole net worth totally eroded. The firm had made four local providers in FY 2002-03 who have been in charge of debut the services of firm in the marketplace. KSCL invested sum of INR258 thousand between time FY 2002- FY 2006 and 03 -07 for the above-mentioned, on account of the vendors objective. The services are not effective in the marketplace and therefore this outstanding amount could not be paid by these local providers to KSCL. Today, in December 2013, the firm must publish a Write Treatment Proposition (DRP) to BIFR so that you can to create the firm back on course. The inquiry is if the DRP might really empower the direction to turn the business around. An even larger issue is if the DRP would be accepted by the BIFR or another alternative would be gone for by it, for instance, winding-up of the business.
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