Question
You have sanctioned a cash credit loan limit of Rs. 20 million (Rs. 200 lakhs) with a margin of 20% on book debts, RM and
You have sanctioned a cash credit loan limit of Rs. 20 million (Rs. 200 lakhs) with a margin of 20% on book debts, RM and FG. If the individual limit is Rs. 5 million for book debts of 60 days and below; Rs. 10 million for FG and Rs. 5 million for RM. Calculate the drawing power of the party if the stock statement for a month shows book debts of Rs. 10 million of 60 days and below; FG of Rs. 10 million and RM of Rs. 10 million. Show all the calculations?
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Process To Profits Strategic Planning For A Growing Business
Authors: William Lasher
1st Edition
0324223870, 9780324223873
