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Answer Posted / ca rs goel
A Borrower firm is availing Cash Credit facility of Rs. 300 Lacs and Buyers credit facility of Rs. 700 Lacs .
Prime Securities Stock and Book Debt: Margin in Cash Credit against stock is of 25% and against Book debts up to 90 days is of 40%..
Facts in this case
Stock of Rs, 30 Lacs
Total debtors Rs. 1000 Lacs
Upto 90 days debtors: Rs. 580 Lacs
Creditors Rs.160 Lacs
Oustanding Buyers credit Rs.460 Lacs. Margin Money in buyers credit is 25%. How we Calculate drawing power in that case
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