Bank projections

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Bhogipati Ravi Kiran (Querist)

04 December 2012 please help in preparing bank projections for my client who require 20lcas of working capital what are the conditions should i follow in preparing the statements, out auditor says that turnover should be 5 time of the requirement for each 3 projected years and you should check the current ration.

please hep me in preparing the statements

shivaji prasad bhimavarapu

shivaji prasad bhimavarapu (Expert)

04 December 2012 Turnover should be not less than 1 crore for getting 20 laks w/c loan.Current assets /Current liabilities not less than 1.33.See that the Capital is MORE than 5 laks(Morethan 25%).Prepare estimated Profit and loss a/c and Balance Sheet for 2012-13 with ending balances of Capital morethan 5 laks,W/c Loan of Rs.20.00 laks and similarly currents assets of not less than 26.60 lakhs( 1.33 ratio).Stocks should be PAID stocks only.For next year Projected P&L,Balance Sheet as at 31.3.2014 shall also to be given with reasonable estimates in Expenses,Income and Balance Sheet items.If possible take from the Bank their Application form.It will be a good guide to follow the model.But parameters are as above.

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