Bank CC

This is based on banker's...
Better get details from bank...

or

which bank and bank's format of Stock...

If your business turnover exceed Rs.30 lakhs(some bankers) or More than Rs.40 lakhs. You can avail OD / CC based on this turnover with security of assets.

Most of the bankers are lending loan based on your stock value and debtors outstanding.

Calculate DP (Drawing Power) value formula. If you want to retain this limit. Workout this formula. Then, You will get an idea.

Thanks 🙏

Generally CC limit amount is calculated by the bank as a percentage of sale and stock along with financial statements. For example a bank allowed cash credit limit up to 80% of stock plus 20% of sales or turnover of the business. CC limit eligibility of a borrower also depends upon so many other factors like age, income, cibil score, work profile, financial stability, market value of the property, loan to value (LTV) ratio etc.

VERY WELL EXPLANATION FOR BANK CC...

GREAT WORKS...

BUT,

THE QUERY IS PLEASE EXPLAIN THE CALCULATION...
SO, GIVE YOUR REPLY FOR CALCULATION.
IF YOU DON'T THEN BETTER TO COLLECT BANK NAME AND FORMAT OF STOCK SUBMISSION FORM...


NOTE:
I THINK QUERIST NOT ASKED HOW BANKERS GIVE CC LIMIT LOANS...


PLEASE DON'T WASTE OF YOUR KNOWLEDGE FOR EXTRAORDINARY EXPLAINS....

I already give calculation= Stock*80%+ Sales *20%

Ohhh...

You mean this is standard calculation in all banks. right...?!

Originally posted by : CA Rashmi Gandhi
	I already give calculation= Stock*80%+ Sales *20%

What about BOOK DEBTS/ SUNDRY DEBTS for CC Loan...

This is not standard, I wrote generally but the confirmation is made by bank itself.

Also if you provide me bank name , I will confirmed you the exact procedure.

@ Rashmi Gandhi...

This is not standard, I wrote generally but the confirmation is made by bank itself.

---> Why this standard reply...? Why this urgent reply...?? Why thsi kind of common reply...?? and many Whys...??

Please keep and give solution to based on query. Don't fill the blank pages with general reply... That's not a professional activities Madam CA Rashmi Gandhi...


Also if you provide me bank name , I will confirmed you the exact procedure...

---> Ask the querist if You want any additional information about query, after that give correct solution based on query..


Don't be give standard, general and urgent reply.
then what is the difference between You and Others...

Others means some of the ..... persons...

Originally posted by : CA Rashmi Gandhi
	Also if you provide me bank name , I will confirmed you the exact procedure.

Okay ....

 

Give me Canara Bank, ICICI Bank and Co Operative bank...

Bank cash credit

Thank You for gave the Full Form of BCCI @ Sabyasachi Mukherjee...

That Banking book that MBA's studied and became business tycoons is worthless eh!! Some became billionaire respecting MBA programs in India. Even cops like MBA because their children studied in it. MBA is worthless apart from marketing. 

Use Tandon's committee suggestion and you may find an answer if your lucky.