CMA related qts.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2010 What does QIMS stand for? (in the context of WC loan or CC)

Pls provide the format for stock & debtor statement that is to be filed upon receiving WC loan.

For monthly fund flow st. does the co. need to prepapre B/S & P/L on a monthly basis as FF st. can be prepared only by using 2 separate Bal. sheets? Pls confirm.

Srikant

Srikant (Expert)
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13 July 2010 QIMS; Quarterly Information System

Working Capital Loan related.

stock Statement:
At the end of month prepared

Within 1st week of next month submitted.

Only unsold portion is reported
Lying in Finished goods Godown, Depo, Agent's Ware house, etc with reference to their batch no. and Qnty.

At the end of statement overall stock position is shown as below:
Op. Stock
Add: Produced / Purchsed
Total Stock
Less: Sold
Closing Stock

Debtor Statement:
List of Sundry Debtors
(Category wise: Below 6 months and above 6 months)
with their Ledger name and out standing Balance
and signed by auditor
Alongwith an Audit Report from the Auditor that the annexure as attached for Sundry debtors are appearing in the books of A/C.

Funds Flow Statement:
you may or may not prepare b/S for Funds Flow Statement.
Banks are concerned with the funds Flow statement.
Rounded to thousands (allowed)
Just show them inflow of Fund and out flow of fund.

I got your querries on this issue earlier also.I hope I am able to understand your needs.

Regards,
Srikant

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Srikant

Srikant (Expert)
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13 July 2010 One thing best you can do:
if it is your first time
before filling any statement contact your banker and ask them to send you a soft copy of these formats.
Or else they can show you the reports sent by others for an example.
They 'd not give you others' report.But a standard format you can ask from them.

Its a normal practice and not different.

It also helps a good relationship with bankers.

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Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2010 Srikant,
Appreciate the way you've put the formats b4 me. thank you!

intention here is to understand this procedure so contacting bank is not possible.

checked the files section for Fund flow & other formats but no relevant info.

kb3108@yahoo.in if you have & if possible thn only fwd the excel files for above formats.

thank you!!!!!!!!!

kirti bhatt

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2010 Srikant,
Few more Qts.

1) Are the Drs & FF st. to be submitted within the first week of the following month?

2) How to calculate the
"Inflow of funds" & "Outflow of funds"
2 B/sheets are reqd. to calc FF st. without whch how can one arrive at inflow & outflow totals.

Srikant

Srikant (Expert)
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13 July 2010 Stock Statement And FF Statement:
Monthly
First week or 15 days varies from bank to bank.

You have to calculate the inflows and Out flows of Fund.
You can prepare it technically from 2 balance sheets.
Or without balance sheet you can prepare it with the help of Stock statement, debtor position and Bank passbook / statements.

Debtors Statement
Quarterly wit Auditor's Report on Debtors balance.
First week or 15 days varies from bank to bank.

I'll try to send you a ff statement example in your mail id.

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Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2010 Srikant, thank you!!