The Spinning Mills in India, particularly in Tamil Nadu, have been growing at a rapid pace. The spinning industry is dominated by large units and it has been able to undergo significant modernization since the 1990s. If financial performance does not operate well, the whole organisations activity will be ruined. Finance is one of the basic foundations of all kinds of economic activities. Many mills in Coimbatore have closed down because of the financial instability. but the official figures in respect of closures do not adequately reflect this fact. In a competitive business growth and...