Discriptive knowledge of receivable management

May 28th, 2015
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• The researcher found that the percentage of loan sanction increased by 162 percentage and the application sanctioned amount is increased 266percentage . but the number of applications has increased by almost 142 percentage during the project period . This implies that the company has been giving out loan amounts of higher denomination

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6 .1 MAJOR FINDINGS After the analysis of the data, research has identified the following flaws with the credit management of the institution.The researcher found that the percentage of loan sanction increased by 162 percentage and the application sanctioned amount is increased 266percentage . but the number of applications has increased by almost 142 percentage during the project period . This implies that the company has been giving out loan amounts of higher denomination.The major portion of recovery amount is the principal outstanding , the principle outstanding increased by 171 percentage and the total interest outstanding increased by almost 139 percentage . The total recovery amount increased by 157 percentage during the project period During the project period the borrowing of KFC is increased by 181 percentage and the amount of loans and advances given by the KFC is increased by almost 221 percentage . This implies KFC raise fund for lending other than the borrowings from outside agencies Arrears to be recovered, which show the principal amount inclusive of interest, increased every year until the year 2007-08. Since then KFC has written off almost 150 crores of bad debts which has cleared a very large portion of bad debts by which there has been significant reduction in the total amount of arrears to be recovered.The pattern of the percentage of recovery to disbursements shows that there was a tremendous effort from KFC which help to increase percent

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