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Guna Fibres Ltd Case Kumar told Malik This cash problem is most vexing I dont understand it Were a very profitable enterprise yet we seem to have to depend increasingly on the bank Why do we

Guna Fibres, Ltd Case. Kumar told Malik, “This cash problem is most vexing. I don’t understand it. We’re a very profitable enterprise, yet we seem to have to depend increasingly on the bank. Why do we need more loans just as our heavy selling season begins? We can’t repeat this blunder." This is worse than I expected. The numbers show that we aren’t even close to paying back All-India’s loan by the end of December. The loan officer will never accept this forecast as a basis for more credit. We need a new plan, and fast. Maintaining this loan is critical for us to scale up for the most important part of our business season. Let’s go over these assumptions in detail and look for any opportunities to improve our debt position.

 

May 21 2020 View more View Less

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