17 April 2010
A client seeking C/c from punjab and sind bank of rs 15lakh needs project report containing data of 3 years :31.3.2010,31.3.2011,31.3.2012.What are statements to be prepared and points to be considered and also plz provide me proforma of same.
17 April 2010
Projected financial information consists of 1.Balance sheet 2.Income statement 3.Cash Flow statement
most of the banks will ask these projected financial statements
Most important point to be remembered Mostly CC loans need stock/inventory as to be funded.make sure that the loan fund is utilized for that purpose.this is needed to be reflected in the financial statements.
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