Non-financial Enterprises in Kazakhstan: Scoring Assessment and Prediction of the Insolvency Risk

Article describes financial state of Kazakhstan non-financial enterprises and possibility for the application of foreign insolvency risk assessment techniques and methods. Furthermore, article covers scientific findings of academic researchers from different countries on the questions related to the insolvency risks and its prediction. Statistical data on liquidated and rehabilitated companies in the country is presented. Paper describes the insolvency risk forecasting accuracy on the practical application of five different bankruptcy risk assessment models on 30 Kazakhstan non-financial enterprises and covers results of this analysis