Dipankar Chakraborty (407 Points)
05 September 2016
Sandeep
(ASST.MANAGER ACCOUNTS)
(1751 Points)
Replied 05 September 2016
PROJECTED FOR RUNNING YEAR FOR WHICH NEITHER AUDIT HAS DONE NOR RETURN HAS FILLED. ESTIMATED FOR COMMING YEAR. PROJECTED CAN BE DONE ONLY FOR ONE YEAR WHEREAS ESTIMATED CAN BE DONE AS MANY AS YOU REQUIRE. PROJECTED BASED ON RECODED DATA WHEREAS ESTIMATED TOTALLY EVALUATE.
Unnikrishnan B
(Forex In Charge)
(740 Points)
Replied 05 September 2016
In banking parlance i will tell yiu
This is financial year 2016-17
Estimated balance sgeet-balance sheet as on 31/03/2017
Projected balance sheet- balance sheet as on 31/03/2018
This projected balance sheet figure is considered for sanctioning loan under
Projected Turn Over method
Hope it is clear
Thank you
Dipankar Chakraborty
(407 Points)
Replied 09 September 2016
Unnikrishnan B
(Forex In Charge)
(740 Points)
Replied 09 September 2016
As per prijected turn over method limit is fixed for 20% of the projected turn over
This is applicable for working capital
For term loan you have to prepare project upto the final repayment of loan tgat is for the entire tenure of loan
I hope it is clear
CAclubindia
