R. vishwanathan (SENIOR ACCOUNTANT) (241 Points)
14 January 2013
hello . please tell me if client want to get cc limit.. how should i proceed ..in terms of preparing their financial statements ..specially what things i keep in mind so loan sanction will become easy with strong statements.. and also the process please....
Devendra
(Chartered Accountant)
(4775 Points)
Replied 14 January 2013
Firstly prepare Projections for future years with figures of the Previous years Audited Statements.
Secondly, following are the points to be kept in mind while applying for Cash Credit:-
1) Provide details of Sales / Purchase of the major Customers and Suppliers.
2) Provide the Stock Valuation Statement.
3) Provide copies of VAT / CST paid challans.
4) Provide copy of MOA and AOA or Partnership Deed.
5) Provide previous years Audited Financial Statements along with Tax Audit Report
Regards,
Devendra Kulkarni
sonu
(CA Practice )
(205 Points)
Replied 01 March 2013
collateral security and good ratio specially DSCR and current ratio
prepare credit status report on behalf of bank
bargain for interest rate
CAclubindia
