ANALISA PREDIKSI KEBANGKRUTAN METODE ALTMAN Z”SCORE PADA PT HANSON INTERNATIONAL, Tbk

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Abstact
The purpose of this study was to predict bankruptcy PT Hanson International, Inc., using the method
of Altman Z (Zeta) - Score. Data collection techniques to the calculation are taken from the company's
financial statements for 5 (five) years, the financial statements in the form of balance sheets and income
statement. The method used is the method of Altman Z “'Score, because the object of research is a public
company. And corporate accounting period is the accounting period 2006 to 2010.
Decision making based on the calculation of the equation Altman Z "score = 6.56 + 3.26 X1 + 6.72 X2
+ 1.05 X3 X4, which is calculated by excel Altman Z-Score Calculation. Of the financial statements have
been prepared and audited company, data is processed with grouped into 4 (four) the ratio of Z "Score
Altman. And the sum of these calculations and the cut off or interpretation table Altman used for decision
making.
The results showed that PT Hanson International, Inc. during 2006 to 2010 in the position of the zone
where the potential for bankruptcy in 2006 Z "Score = -6.91, in 2007, Z" Score = -10.37, in 2008 Z "Score =
-2252.17, in 2009 Z" Score = -5425.75, and in 2010 Z "Score -32.22. So every year of research, the
company is in the zone Z "Score <1.1, or in other words, PT Hanson was at the level Distress Zone (zone
of insolvency). Thus the analysis of Altman Z "Score with the formula the ratio of net working capital to total
assets, retained earnings to total assets, Earning before interest to total assets and market value of equity
to book value of debt can be concluded that the PT Hanson International, Inc. is located at unsafe position
(zone of bankruptcy)
Key words: financial statements of PT Hanson International, Inc., the method of Altman Z”Score,