1. #1
    Unregistered

    How to verify if my company is undergoing loss?

    I heard a rumor that my company is undergoing losses I asked the HR department and they said I should not hear to gossip but I am scared and want to verify it. Because our promotions have been held back for about 6 months now. Who else can I ask?

  2. #2
    manojbadoniya Array
    Join Date
    Jan 2013
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    Re: How to verify if my company is undergoing loss?

    Dear sir for your kind information i would like to say that there are only two ways to know about the financial status of the company and you may go to the - HR Department and Accounting Manager or Officers who manages the complete financial working of your company or directly you may go to the manager of your company because these two links are the best to know the financial situation of your company and it is important for you because if your company will grow up then the manager would provide better facilities to all of you and hike your salaries and they may also provide the promotions to the deserving candidates so that you must care about your company and current status and reputation in the market means that is reliable or not in the view of peoples then decide but i would like to say that go to the Accounting Officer and ask them respectively about this and i am sure they would provide you the details about this

    All the best

  3. #3
    Ashok Array
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    Re: How to verify if my company is undergoing loss?

    Quote Originally Posted by Unregistered View Post
    I heard a rumor that my company is undergoing losses I asked the HR department and they said I should not hear to gossip but I am scared and want to verify it. Because our promotions have been held back for about 6 months now. Who else can I ask?
    Dear Aspirant,

    It is not so difficult to know the current financial position of your company.You may ask the manager Accounts to know the fact.if you are not cleared,you can ask for the balance sheet of your company.Also you can assume with its present activities.If your comapny is paying the salary & other allowances in time & if it is in progress,means extension of units,launching new products,no agitation by the employees etc,you can say that your comapny is not in loss.It also depends upon the nos. of units being operated by the company.In such case the company may go under loss in some of units & others may run in profits.

    So see the balance sheet of the company & its present positions.

    Thanks & good luck.

    Ashok..


  4. #4
    kaveri123 Array
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    25

    Re: How to verify if my company is undergoing loss?

    Hi Freind,
    Your company must be giong through a tough time temporarily due to which the promotions might have been held back .
    It is not omething to worry if it is temporary.
    You can verify this by comparing the company's Quarterly statements. You can read the income statement and compare the profits of two periods, say 6 months . If profits are increasing marginally, it is not worrisome.
    You can ask the manger of the company to provide you these statemnts.

  5. #5
    ealp Array
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    250

    Re: How to verify if my company is undergoing loss?

    Dear friend to verify the company's status whether it is doing better business than previous then you are to tally everything. These are:-

    1. You should take data from you concern about the TURN OVER as daily/weelly/monthly.

    2.You should verify not in quantity but also in value.

    4.you are to keep in mind about the inflation.

    5.Inflation is also one kind of loss to keep fine you are to increase your turn over to minimise inflationery losses.

    6.You can verify your Balance Sheet you see the Net profit/Reserve Fund/debtor/creditor/Assets and liabilities intoto /correctly to identify whether really company is going toward loss.

    Thank You,

  6. #6
    Tabaahi Array
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    Oct 2012
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    105

    Re: How to verify if my company is undergoing loss?

    Dear..

    Unfortunately you can not ask such kinda question to any body. If your company is running in losses then it will be automatically shown to you as the few effects will start affecting you such as :-

    Salary delay
    Salary cuts
    No promotions
    Delayed bonus
    No bonus at all

    See if you are seeing such kinda situations often in your company then its clear that the company is running under losses and if not then just realize that it is just a rumor and its better for you not to further spread the rumors.

    You can also check to some Job portals and see that last financial year report of your company and after that you will get to know that whether your organization is in loss or not.

    Hope it will help

    Cheers...!!!

  7. #7
    looser Array
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    Re: How to verify if my company is undergoing loss?

    Hi friend,

    There is no particular way to find out whether the company is in profit or loss.

    Unless and until the higher authorities reveal it, its hard to find out.

    IF your company is being taken over by another company then we may judge that your company is in loss.

    As you are saying that your promotions are held back for 6 months there might be chances saying that your company is under loss.


    Hope i have helped you in getting relevant information.

    All the best

    THanking you...


  8. #8
    Rituja Array
    Join Date
    Nov 2012
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    702

    Re: How to verify if my company is undergoing loss?

    Hello, Whether your company is running a loss or not can be best known from the accounts department.They are the ones who are well aware of the credits and debits.If you have any friend or any friend colleague working in the Accounts Department,then he will be able to give you some information if not full.If the company where you are working is a renowned company then you can get some recent updates about it from google.However,dont think much about this.You will get promotion today or tomorrow if you are eligible for it.

  9. #9
    abhijeet2015 Array
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    334

    Re: How to verify if my company is undergoing loss?

    Hi.............,

    Company performance is depend on its working.
    So you must see the performance of the company.
    Look toward company general report.
    Company annual meetings are also important.
    So here you can know the performance status of company.

    Thanks

  10. #10
    Devi.career Array
    Join Date
    Dec 2012
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    491

    Re: How to verify if my company is undergoing loss?

    Hello Friend,
    Its pretty obvious from your statement that your promotion has been held for last 6 months that means something fishy happening in company.
    regarding your company status you can know from news paper ,net company website...etc
    read every article publish regarding your company in news paper there they specify the current business scenario of your company,market condition of your company.status of its shares whether they are increasing in value or decreasing....etc from this you can estimate the company status currently in market
    else go through company websites and compare its previous quarters profit with that of the last year same time ,see the difference whether its positive or negative ,positive means profit making company else loss making company.
    see the total turnover in last year from which you will know the employee status in the company.
    see over a year how many projects company have acquired and how joint ventures it was involved from all these data you will get a sound knowledge about your companies position in market.
    Thank YOu.

  11. #11
    varshu Array
    Join Date
    Jan 2013
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    240

    Re: How to verify if my company is undergoing loss?

    hello friends..

    @it is very simple to identify

    @if you are company in loss they will not give salary to employee on the time

    @they will not take any projects

    @office environment should be always some noise gossips

    @based on that you can decide your company in loss

    @and main things your managing director will be not coming to the company

    @please cooperate with your company


    thanking you

  12. #12
    srinivasa Array
    Join Date
    Feb 2013
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    539

    Re: How to verify if my company is undergoing loss?

    its not your duty really to verify whether company is under loss its company management that decides how company is doing whether its doing good profits or not .. usually all companies give their Q2,Q4 profits in annual year i mean the company estimates its profits and looses in the end of financial year you need not worry you continue to give your best all the best

  13. #13
    bonomali Array
    Join Date
    Feb 2013
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    984

    Re: How to verify if my company is undergoing loss?

    Hello,

    There is plenty of resersh materials in the market to check if your company running at loss or not.
    News paper such as Economic times and other channelsuch as ND TV profits are good for enhancing
    your knowlegde. Use your intelligence to find out the result of your companies financial result.

    Bye,

  14. #14
    Boss Array
    Join Date
    Jul 2012
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    1,649

    Re: How to verify if my company is undergoing loss?

    for your kind info i might wish to say that there area unit solely 2 ways that to grasp regarding the monetary standing of the corporate and you will visit the - 60 minutes Department and Accounting Manager or Officers UN agency manages the entire monetary operating of your company or directly you will visit the manager of your company as a result of these 2 links area unit the most effective to grasp the monetary scenario of your company and it's necessary for you as a result of if your company will get older then the manager give higher facilities to any or all of you and hike your salaries and that they may offer the promotions to the meriting candidates so you need to care regarding your company and current standing and name within the market means is reliable or not within the read of peoples then decide however i might wish to say that visit the Accounting Officer and raise them severally regarding this and that i am certain they'd provide you the main points regarding this

    It is not therefore troublesome to grasp this monetary position of your company.You may raise the manager Accounts to grasp the actual fact.if you're not cleared,you can arouse the record of your company.Also you'll be able to assume with its gift activities.If your company is paying the regular payment & different allowances in time & if it's current,means extension of units,launching new product,no agitation by the staff etc,you can say that your company isn't in loss.It conjointly depends upon the nos. of units being operated by the corporate.In such case the corporate could go beneath loss in a number of units & others could run in profits.

    Regarding your company standing you'll be able to apprehend from news paper ,net company web site...etc
    scan each article publish concerning your company in news paper there they specify this business situation of your company,market condition of your company.status of its shares whether or not they area unit increasing in worth or decreasing....etc from this you'll be able to estimate the corporate standing presently in market
    else undergo company websites and compare its previous quarters profit thereupon of the last year same time ,see the distinction whether or not its positive or negative ,positive means that profit creating company else loss creating company.
    see the overall turnover in last year from that you may apprehend the worker standing within the company.
    see over a year what percentage comes company have non inheritable and the way joint ventures it absolutely was concerned from of these information you may get a sound data regarding your firms position in market.

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