profitibity statement

Your financial statements is what the bank wants to see before extending a loan to have a thorough insight into your assets, liabilities etc.

Dear Sing,

Generally for taking  new term loan bank will ask for project report in that one component will be profitability statement

It generally includes follwoing statements : 

1. Balance Sheet. ( audited and projected)

2. Profit and Loss statement.(audited and projected)

3 Fund Flow statment ( Audited and projected)

4 DSCR ratio statement.

4. Operation performace statement ( this includes various ratios like Current Ratio, FACR, GP, NP, EBIT/ Sales quick ratio, etc

A statement or file comprising all these is called profitability statement.

Regards 

CA Dhruva 

drukal.123 @ gmail.com