Question
Under the assessment guidelines given in Master Circular
on Management of Advances – UCBs working capital requirement of borrowers, other than Micro and Small enterprises, requiring fund based working capital limits up to ₹1.00 crore and Micro and Small enterprises requiring fund based working capital limits up to ₹5.00 crore, what percentage of the projected turnover is to be shared between the borrower and the bank for working capital requirement?Solution
Working Capital Requirements The assessment of working capital requirement of borrowers, other than Micro and Small enterprises, requiring fund based working capital limits up to ₹1.00 crore and Micro and Small enterprises requiring fund based working capital limits up to ₹5.00 crore from the banking system may be made on the basis of their projected annual turnover. In accordance with these guidelines, the working capital requirement is to be assessed at 25% of the projected turnover to be shared between the borrower and the bank, viz. borrower contributing 5% of the turnover as net working capital (NWC) and bank providing finance at a minimum of 20% of the turnover. Projected turnover may be interpreted as 'Gross Sales' including excise duty.
A systematic assessment of a firm's objectives, strategies, and performance in the domain of social responsibility is collectively known as a:
Massachusetts-based BJ's Wholesale (third in sales among members-only retail chains) recently opened its first stores in Georgia in 2012. This is an exa...
The data accumulated by a public safety officer who measures the speed of all the cars that pass a given point is referred to as _______ data.
A Chimney company calls potential customers to understand if they are interested in purchasing a new chimney in the next three years. The company is con...
Business experts agree that new technologies, particularly social networking sites, are enabling marketers and, more importantly, are ________ customers.
Lisa, who works out at the gym every day, is likely to see herself as fit, healthy, and in-shape. Lisa would classify herself using which term?
A women's clothing store having only one outlet likely falls under what form of ownership?
Changes in the marketing environment are a source of _______ and _______ to be managed.
Intermediaries make the selling of goods more efficient by:
Brand managers can use Twitter strategically to accomplish all of the following, except:
