Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
The current turmoil in international markets are felt in Indian burses too. The recent Euro crises in Greece and and on going out break of Euro crises in Spain ( as expected) is creating tremor in global financial market. With Euro losing ground and dollar gaining strength; the gold price has sky rocketed. As every time the stock price become unpredictable the investors turn to gold as safe bet. In India gold has larger role besides being investors choice. As the marriage season is ensuing the demand of gold for ornaments is rising so the price is getting an extra boost. However with the current ups and downs of stock market offers the opportunities to day traders to make quick bucks but it is not at all safe for ordinary investors. They better keep away and watch carefully the market trend. Though may investment gurus vow that international market hardly cast any effect on Indian market but it is doubtful how far they are reliable. In fact in past there are evidence that they advise f...