When audited accounts for the current year are not yet ready, banks ask for provisional financials — a management-prepared balance sheet and profit & loss up to a recent date. Enter the figures and download a clean statement with the standard declaration.
At renewal of limits, for enhancement requests, and whenever the last audited balance sheet is more than six to nine months old.
Usually they are management-certified; some banks ask for a CA-attested provisional balance sheet for larger limits. The downloaded statement carries a management declaration.
Stock and debtors should agree with the latest stock statement, and bank balances with the account statements; mismatches delay sanction.
Prepared by Avani Corporation, Indore — Solutions for every financial need. Formats follow standard bank appraisal practice; the sanctioning bank's own assessment is final. Free to use; WhatsApp 9183020110 for help.