WHAT IS THE BASIS TO CALCULATE MODIFIED MPBF??
This query is : Resolved
03 November 2010
Dear All
Kindly let me know the method to calculate MPBF under the modified MPBF System.
Happi Deepawali and thanks
Kindly let me know the method to calculate MPBF under the modified MPBF System.
Happi Deepawali and thanks
08 November 2010
MPBF is given below by following two methods.
FIRST Method of Lending
1 Total Current Assets
[ T1 in Form-IV ]
2 Current Liabilities [Other than bank borrowing]
[ T2 in Form-IV ]
3 Working Capital Gap [WCG]
[ 1 - 2 ]
4 Minimum Stipulated Net Working Capital
[ 25% of WCG excluding export receivables]
[ (item 3 above - item no. 6 in Form - IV)*0.25 ]
5 Actual / Projected Net Working Capital [ NWC ]
[ T22 in Form-III ]
6 Item no. 3 minus Item no. 4
7 Item no. 3 minus Item no. 5
8 Maximum permissible bank finance [MPBF]
[ least of item 6 or 7 above ]
9 Excess borrowings representing shortfall in NWC
[ item 4 - item 5 ]
SECOND Method of Lending
1 Total Current Assets
[ T1 in Form-IV ]
2 Current Liabilities [other than bank borrowings]
[ T2 in Form-IV ]
3 Working Capital Gap (WCG) (1-2)
[ 1 - 2 ]
4 Minimum Stipulated Net Working Capital
[25% of total Current Assets excluding export receivables]
[ (1 above - item 6 in Form-IV)*0.25 ]
5 Actual / Projected net working capital
[ T22 in Form-III ]
6 Item no. 3 minus Item no. 4
7 Item no. 3 minus Item no. 5
8 Maximum permissible bank finance [MPBF]
[ least of item 6 or 7 above ]
9 Excess borrowings representing shortfall in NWC
[ item 4 - item 5 ]
FIRST Method of Lending
1 Total Current Assets
[ T1 in Form-IV ]
2 Current Liabilities [Other than bank borrowing]
[ T2 in Form-IV ]
3 Working Capital Gap [WCG]
[ 1 - 2 ]
4 Minimum Stipulated Net Working Capital
[ 25% of WCG excluding export receivables]
[ (item 3 above - item no. 6 in Form - IV)*0.25 ]
5 Actual / Projected Net Working Capital [ NWC ]
[ T22 in Form-III ]
6 Item no. 3 minus Item no. 4
7 Item no. 3 minus Item no. 5
8 Maximum permissible bank finance [MPBF]
[ least of item 6 or 7 above ]
9 Excess borrowings representing shortfall in NWC
[ item 4 - item 5 ]
SECOND Method of Lending
1 Total Current Assets
[ T1 in Form-IV ]
2 Current Liabilities [other than bank borrowings]
[ T2 in Form-IV ]
3 Working Capital Gap (WCG) (1-2)
[ 1 - 2 ]
4 Minimum Stipulated Net Working Capital
[25% of total Current Assets excluding export receivables]
[ (1 above - item 6 in Form-IV)*0.25 ]
5 Actual / Projected net working capital
[ T22 in Form-III ]
6 Item no. 3 minus Item no. 4
7 Item no. 3 minus Item no. 5
8 Maximum permissible bank finance [MPBF]
[ least of item 6 or 7 above ]
9 Excess borrowings representing shortfall in NWC
[ item 4 - item 5 ]
Message likes :
4 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
