Schedule 9
Advances
While calculating advances in case government gurantees we considered secured portion
But in case of cash credit we considered only unsecured portion
Why?
In the total advances of 2150,
20% of a certain amount (cash credit) is to be provided for 100% as it is unsecured.
60% of term loan has guarantee
and the balance is secured by tangible assets.(This is the balancing figure)
