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Projected financial statement

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(Querist)
04 October 2012 Dear All,

I am working manufacturing unit, have Last years Balance sheet and half years result in hand.
I want to prepare projected financial statements for next six months.

Please guide me, how to prepare and how to use ratios for the same?
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Jagga Rao Malipeddi

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Jagga Rao Malipeddi (Expert)
06 October 2012 For what purpose you require to prepare projected financial statements? The last 2/3 years statements will be guiding factor. The projections should be based on the previous performance as well as future plans. You should be in a position to convince that you can achieve the projections by focusing on your future plans. Ratios - Current Ratio should be around 1.33 and above. If you are going for a term loan they will assess the DSCR Debt Service Coverage Ratio to know whether you will be in a position to repay the instalments and interest. Ofcourse these ratios can be adjusted by changing values. Only thing is the projections should be realistic.
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