Unit Inspection describes the process of inspecting units that have received loans from a bank. The goal is to ensure security provided matches statements, the business is run properly and profitably, and licenses and statutory dues are paid on time. A unit inspection goes beyond checking stock statements and physical goods, seeking to understand business operations and risks to the loan. Inspectors must prepare thoroughly, observe objectively, and report both positively and negatively on the unit's performance and risks.
The document provides guidelines for banks on Know Your Customer (KYC) norms, branch licensing for Regional Rural Banks, cash reserve and statutory liquidity requirements for cooperative banks, and reporting fraud and maintaining deposit accounts. It outlines the objectives of KYC procedures, criteria for accepting customers, monitoring transactions, and establishing risk management policies. It also provides thresholds for reporting fraud cases to the police or CBI and relaxing conditions for RRBs to open branches in certain tiers or centers.
An NBFC is a non-banking institution that provides banking services like loans, acquiring stocks/bonds. It must register with RBI and have a minimum net worth of Rs. 2 crore. There are two types - Type I does not accept public deposits while Type II does. NBFCs have different rules than banks regarding deposits, payments, and insurance. Registration requires documents showing company formation and purpose. Ongoing compliance includes financial reporting and prudential norms. Our services can help with the registration and compliance process.
Credit monitoring is the ongoing supervision of a loan account to ensure the borrower continues to meet the terms of the loan sanction. It helps maintain asset quality and prevent slippage into NPA status. There are four stages of monitoring - pre-sanction, post-sanction pre-disbursement, during disbursement, and post-disbursement. Regular inspections, financial statement reviews, and verifying end-use of funds are some key monitoring activities. Early warning signs like delays in submission of documents or frequent requests for extensions should trigger corrective actions like discussions with the borrower to resolve issues impacting the business.
This document outlines prudential norms for classification, valuation, and operation of investment portfolios by banks in India. It discusses guidelines for banks' investment policies, ready forward contracts in government securities, transactions through SGL accounts, use of bank receipts, engagement of brokers, auditing of investments, and classification of investments as held-to-maturity, available-for-sale or held-for-trading. It also covers valuation of investments, non-performing investments, uniform accounting for repo/reverse repo transactions, and portfolio management on behalf of clients.
This document provides an overview of bank guarantees. It defines what a bank guarantee is, noting that it is a written contract issued by a bank on behalf of a customer to take responsibility for payment if the customer does not pay. It discusses the key parties involved, types of bank guarantees, advantages and disadvantages, procedures for applying, and audit and disclosure requirements. The document aims to cover these topics at a high level for providing an overview of bank guarantees.
This document contains a secretarial audit checklist with 75 items to check the company's compliance with various sections of the Companies Act, 1956 regarding maintenance of statutory registers and records, conduct of board and shareholder meetings, appointment of directors and auditors, borrowing limits, related party transactions, and other legal requirements. The checklist includes requirements for registers of members, charges, investments, minutes books, annual returns, share transfers, loans to directors, interested party contracts, and compliances regarding AGMs, EGMs, dividends, borrowings, deposits from public and employees.
This document discusses export financing options available to exporters in India. It describes pre-shipment financing, which provides working capital to purchase raw materials, process goods, and prepare for export. Post-shipment financing is also described, which provides credit after goods have been shipped until payment is received. Specific financing products like packing credit, clean packing credit, and running account facilities are explained. Requirements, periods of advance, and liquidation of pre-shipment credit are outlined. Financing of service exports is also briefly covered.
KYC guidelines require financial institutions to verify customer identities and monitor transactions to prevent money laundering, terrorist financing, identity theft and other illegal activities. The RBI's KYC guidelines include having a customer acceptance policy, customer identification procedures, monitoring high-value and suspicious transactions, and implementing risk management practices. Financial institutions must know their customers to comply with KYC regulations and protect themselves from illegal activities.
The document provides guidelines for banks on Know Your Customer (KYC) norms, branch licensing for Regional Rural Banks, cash reserve and statutory liquidity requirements for cooperative banks, and reporting fraud and maintaining deposit accounts. It outlines the objectives of KYC procedures, criteria for accepting customers, monitoring transactions, and establishing risk management policies. It also provides thresholds for reporting fraud cases to the police or CBI and relaxing conditions for RRBs to open branches in certain tiers or centers.
An NBFC is a non-banking institution that provides banking services like loans, acquiring stocks/bonds. It must register with RBI and have a minimum net worth of Rs. 2 crore. There are two types - Type I does not accept public deposits while Type II does. NBFCs have different rules than banks regarding deposits, payments, and insurance. Registration requires documents showing company formation and purpose. Ongoing compliance includes financial reporting and prudential norms. Our services can help with the registration and compliance process.
Credit monitoring is the ongoing supervision of a loan account to ensure the borrower continues to meet the terms of the loan sanction. It helps maintain asset quality and prevent slippage into NPA status. There are four stages of monitoring - pre-sanction, post-sanction pre-disbursement, during disbursement, and post-disbursement. Regular inspections, financial statement reviews, and verifying end-use of funds are some key monitoring activities. Early warning signs like delays in submission of documents or frequent requests for extensions should trigger corrective actions like discussions with the borrower to resolve issues impacting the business.
This document outlines prudential norms for classification, valuation, and operation of investment portfolios by banks in India. It discusses guidelines for banks' investment policies, ready forward contracts in government securities, transactions through SGL accounts, use of bank receipts, engagement of brokers, auditing of investments, and classification of investments as held-to-maturity, available-for-sale or held-for-trading. It also covers valuation of investments, non-performing investments, uniform accounting for repo/reverse repo transactions, and portfolio management on behalf of clients.
This document provides an overview of bank guarantees. It defines what a bank guarantee is, noting that it is a written contract issued by a bank on behalf of a customer to take responsibility for payment if the customer does not pay. It discusses the key parties involved, types of bank guarantees, advantages and disadvantages, procedures for applying, and audit and disclosure requirements. The document aims to cover these topics at a high level for providing an overview of bank guarantees.
This document contains a secretarial audit checklist with 75 items to check the company's compliance with various sections of the Companies Act, 1956 regarding maintenance of statutory registers and records, conduct of board and shareholder meetings, appointment of directors and auditors, borrowing limits, related party transactions, and other legal requirements. The checklist includes requirements for registers of members, charges, investments, minutes books, annual returns, share transfers, loans to directors, interested party contracts, and compliances regarding AGMs, EGMs, dividends, borrowings, deposits from public and employees.
This document discusses export financing options available to exporters in India. It describes pre-shipment financing, which provides working capital to purchase raw materials, process goods, and prepare for export. Post-shipment financing is also described, which provides credit after goods have been shipped until payment is received. Specific financing products like packing credit, clean packing credit, and running account facilities are explained. Requirements, periods of advance, and liquidation of pre-shipment credit are outlined. Financing of service exports is also briefly covered.
KYC guidelines require financial institutions to verify customer identities and monitor transactions to prevent money laundering, terrorist financing, identity theft and other illegal activities. The RBI's KYC guidelines include having a customer acceptance policy, customer identification procedures, monitoring high-value and suspicious transactions, and implementing risk management practices. Financial institutions must know their customers to comply with KYC regulations and protect themselves from illegal activities.
1) The document presents a case study on the credit appraisal process of Canara Bank for Kalinga Institute of Information and Technology (KIIT). It analyzes KIIT's financials and the viability of sanctioning a Rs. 10 crore term loan for construction of a new building.
2) Canara Bank uses different credit assessment models depending on the loan amount, ranging from portfolio models for small loans to CRISIL's risk assessment model for large loans.
3) The study finds that KIIT's profitability is dependent on the credit rating given by Canara Bank based on statistical analysis, and recommends greater transparency and ongoing monitoring in Canara Bank's appraisal system.
The document summarizes the various types of returns required to be filed under the Goods and Services Tax (GST) regime in India. It discusses 18 different return forms including monthly, quarterly, annual returns to be filed by regular taxpayers, compounding taxpayers, Input Service Distributors, e-commerce operators, non-resident taxpayers, and others. The returns require reporting of outward and inward supplies, input tax credit claimed, tax payable, payments made, and other details. The returns are largely auto-populated based on information filed in other returns, and allow for modifications and corrections.
The document discusses credit appraisal in the banking sector. Credit appraisal is the process used by banks to evaluate a loan applicant's creditworthiness before providing a loan. It involves investigating the applicant's financial condition, repayment capacity, collateral, and other factors. Banks consider the 3Cs - character, capacity, and collateral. The credit appraisal process at State Bank of India involves preliminary assessment, documentation, sanctioning/approval, disbursement, and post-sanction monitoring. SBI has quantitative and qualitative standards for credit appraisal and uses a rating scale to assess risk levels of borrowers.
KYC (Know Your Customer) procedures require banks to verify customer identities and monitor transactions to combat money laundering and terrorist financing. RBI (Reserve Bank of India) mandates that banks follow KYC guidelines under the Banking Regulation Act of 1949. Banks must have customer identification and verification procedures in place when opening accounts or conducting high-value transactions to comply with KYC regulations. Failure to properly implement KYC norms can result in penalties imposed by RBI as some banks were fined for opening accounts without proper verification that enabled fraudsters to steal money from customer accounts.
A presentation on labour laws compliancesMahipal Negi
The document provides an overview of key labor law compliances in India. It discusses the Factory Act of 1948 which aims to protect worker health and safety. It outlines compliances around registering businesses, maintaining records, and filing returns. It also summarizes the Contract Labor Act of 1970, Minimum Wages Act of 1948, Payment of Wages Act of 1936, and Employees' Provident Fund Act of 1952 which require maintaining registers, contributing to funds, and filing monthly returns. The document stresses the importance of complying with various labor laws in India to ensure worker welfare.
1) The document provides an overview of the Banking Ombudsman Scheme in India, including the grounds for complaints, case studies, and grievance redressal process.
2) Under the scheme, the Reserve Bank of India appoints Banking Ombudsmen to investigate complaints against deficient banking services and facilitate dispute resolution.
3) Complaints can be made regarding issues like non-payment or delay of cheques/remittances, failure to meet service commitments, and non-compliance with RBI guidelines. Most complaints in recent years related to failure to meet commitments and cards/loans.
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
This presentation discusses non-performing assets (NPAs) in the Indian banking sector. It defines NPAs as loans where interest or principal payments are overdue for more than 90 days. NPAs hurt bank profitability, liquidity, and capital adequacy. Common causes of NPAs include willful defaults, diversion of funds, and an inability to raise capital. While banks have taken measures to manage NPAs like quick identification and monitoring, NPAs remain a major concern as they affect asset quality and bank survival. Proper NPA management is essential for a healthy banking environment.
The document discusses Goods and Services Tax (GST) returns that businesses in India are required to file. It states that under GST, businesses must file three monthly returns (GSTR-1, GSTR-2, GSTR-3) and one annual return each year, totaling 37 returns. GSTR-1 contains outward supply/sales details. GSTR-2 contains purchase/input tax credit details. GSTR-3 is a summarized return generated from GSTR-1 and GSTR-2 with tax liability details. Failure to file returns on time results in late fees.
The document discusses the Payment of Bonus Act 1965 in India. It provides definitions of key terms like bonus and outlines the aims, applicability, eligibility criteria, minimum and maximum bonus amounts under the Act. It also covers the methods to calculate statutory bonus and available surplus, as well as employers' obligations around payment timelines, registers, returns and penalties for non-compliance. The document answers several questions around entitlement of different employee types and closes with conclusions and bibliography.
The document discusses the history and evolution of working capital finance regulation in India. Key points include: [1] The Tandon Committee of 1974 established norms for determining working capital needs and permissible bank financing levels. [2] Subsequent committees like Chore and Dahejia made additional recommendations around monitoring borrowers and assessing needs based on operations rather than just security. [3] Current practice involves assessing needs through projected balance sheets, cash budgets or turnover, with an emphasis on loan systems over cash credits for meeting needs.
This document appears to be a quiz on Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance for banks. It contains 42 multiple choice questions testing understanding of key concepts such as: e-KYC requirements, customer due diligence procedures, reporting thresholds for suspicious and cash transactions, monitoring high risk customers, and key KYC documents. Correct answers are provided for each question. The document emphasizes that KYC is an ongoing process and highlights important reporting deadlines for transaction reports.
Introduction to Know Your Customer (KYC)LoanXpress
KYC (Know Your Customer) is a process financial institutions use to verify customer identity and reduce risks. It involves obtaining and periodically updating customer identification and address information. KYC aims to prevent identity theft, financial fraud, money laundering and terrorist financing. Banks must perform KYC at account opening and in other instances such as loans or changes to signatories. KYC documentation includes identity documents like a passport and address proofs. Financial institutions must also monitor customer transactions for consistency with the customer's profile and peer activities.
L&T Finance Holdings Ltd is a large NBFC operating in finance sector in India. It provides various financial services including loans, insurance, factoring etc. The company follows frameworks like GRI, NVG, UNGC to report on economic, environmental and social performances. It ensures ethics and transparency in business operations and incorporates social/environmental factors. The company focuses on talent acquisition and development, transparency, learning and good governance in its HR policy.
Non-banking financial companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank. This document provides an overview of NBFCs in India, including their history, regulations, types, and roles. It defines various types of NBFCs such as investment companies, equipment leasing companies, loan companies, and housing finance companies. It also discusses the historical committees that shaped NBFC regulations and compares NBFCs to banks.
The SARFAESI Act allows secured creditors like banks to enforce security interest for recovery of dues without court intervention. It gives banks the power to take possession of secured assets, sell them, or take over management upon default. The key steps are issuing a 60-day demand notice, taking possession if not paid, appointing an authorized officer, valuating and auctioning the assets. The debtor can raise objections within 15 days of notice or approach DRT within 45 days, otherwise the bank may proceed to sell the assets to recover dues.
This document provides an overview of input tax credit under the GST Act. It defines input tax and input tax credit, outlines the eligibility and conditions for claiming ITC, and discusses the time limit. It also covers apportionment of credit and blocked credits, availability of credit in special circumstances like new registration or exempt supplies becoming taxable. The document discusses ITC on capital goods, distribution of credit by an Input Service Distributor, and recovery of excess credit distributed. Overall it serves as a comprehensive guide to the key aspects of input tax credit under Indian GST law.
1) The document discusses the taxation of capital gains in India, including the conditions required for a capital gain to be chargeable, the definitions of capital assets and capital gains, and the computation of capital gains.
2) It provides details on the types of capital assets (short term and long term), the meaning of "transfer", and the different types of capital gains (short term and long term).
3) The computation of capital gains involves subtracting the cost of acquisition and cost of improvements from the full value of consideration, with the costs indexed for inflation in the case of long term capital assets.
The document summarizes the key aspects of the Gratuity Act of 1972 in India. It applies to employees working in establishments with 10 or more employees, including factories, mines, plantations, ports, and railways. Gratuity is a lump sum payment made to an employee on termination of employment based on their length of service. It is payable for continuous service of 5 years or more, or in case of death or disability regardless of service period. The maximum gratuity payable is Rs. 20,00,000 and is calculated as half a month's basic salary plus dearness allowance for each completed year of service. Employers must pay out gratuity within 30 days of it becoming due.
The document discusses the scope and procedures for bank concurrent audits. It describes concurrent audits as intended to supplement internal bank checks, reduce the time between transactions and examination, and improve bank functioning. The scope includes verification of advances, deposits, housekeeping, revenue leakage, foreign exchange transactions, and other key areas. General audit procedures involve both on-site and off-site verification and documentation. Essential documentation and records for concurrent audits are also outlined.
This document provides a checklist for conducting an internal audit of a microfinance institution (MFI). The checklist covers various audit areas, including the building/premises, safe, cash records, fixed assets, office supplies, loan processes, staffing, and financial reports. It is intended to help auditors systematically evaluate whether the MFI's policies, procedures, and controls are properly documented and followed. Any "no" responses, especially for starred items denoting higher risks, should be investigated and corrective actions taken.
1) The document presents a case study on the credit appraisal process of Canara Bank for Kalinga Institute of Information and Technology (KIIT). It analyzes KIIT's financials and the viability of sanctioning a Rs. 10 crore term loan for construction of a new building.
2) Canara Bank uses different credit assessment models depending on the loan amount, ranging from portfolio models for small loans to CRISIL's risk assessment model for large loans.
3) The study finds that KIIT's profitability is dependent on the credit rating given by Canara Bank based on statistical analysis, and recommends greater transparency and ongoing monitoring in Canara Bank's appraisal system.
The document summarizes the various types of returns required to be filed under the Goods and Services Tax (GST) regime in India. It discusses 18 different return forms including monthly, quarterly, annual returns to be filed by regular taxpayers, compounding taxpayers, Input Service Distributors, e-commerce operators, non-resident taxpayers, and others. The returns require reporting of outward and inward supplies, input tax credit claimed, tax payable, payments made, and other details. The returns are largely auto-populated based on information filed in other returns, and allow for modifications and corrections.
The document discusses credit appraisal in the banking sector. Credit appraisal is the process used by banks to evaluate a loan applicant's creditworthiness before providing a loan. It involves investigating the applicant's financial condition, repayment capacity, collateral, and other factors. Banks consider the 3Cs - character, capacity, and collateral. The credit appraisal process at State Bank of India involves preliminary assessment, documentation, sanctioning/approval, disbursement, and post-sanction monitoring. SBI has quantitative and qualitative standards for credit appraisal and uses a rating scale to assess risk levels of borrowers.
KYC (Know Your Customer) procedures require banks to verify customer identities and monitor transactions to combat money laundering and terrorist financing. RBI (Reserve Bank of India) mandates that banks follow KYC guidelines under the Banking Regulation Act of 1949. Banks must have customer identification and verification procedures in place when opening accounts or conducting high-value transactions to comply with KYC regulations. Failure to properly implement KYC norms can result in penalties imposed by RBI as some banks were fined for opening accounts without proper verification that enabled fraudsters to steal money from customer accounts.
A presentation on labour laws compliancesMahipal Negi
The document provides an overview of key labor law compliances in India. It discusses the Factory Act of 1948 which aims to protect worker health and safety. It outlines compliances around registering businesses, maintaining records, and filing returns. It also summarizes the Contract Labor Act of 1970, Minimum Wages Act of 1948, Payment of Wages Act of 1936, and Employees' Provident Fund Act of 1952 which require maintaining registers, contributing to funds, and filing monthly returns. The document stresses the importance of complying with various labor laws in India to ensure worker welfare.
1) The document provides an overview of the Banking Ombudsman Scheme in India, including the grounds for complaints, case studies, and grievance redressal process.
2) Under the scheme, the Reserve Bank of India appoints Banking Ombudsmen to investigate complaints against deficient banking services and facilitate dispute resolution.
3) Complaints can be made regarding issues like non-payment or delay of cheques/remittances, failure to meet service commitments, and non-compliance with RBI guidelines. Most complaints in recent years related to failure to meet commitments and cards/loans.
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
This presentation discusses non-performing assets (NPAs) in the Indian banking sector. It defines NPAs as loans where interest or principal payments are overdue for more than 90 days. NPAs hurt bank profitability, liquidity, and capital adequacy. Common causes of NPAs include willful defaults, diversion of funds, and an inability to raise capital. While banks have taken measures to manage NPAs like quick identification and monitoring, NPAs remain a major concern as they affect asset quality and bank survival. Proper NPA management is essential for a healthy banking environment.
The document discusses Goods and Services Tax (GST) returns that businesses in India are required to file. It states that under GST, businesses must file three monthly returns (GSTR-1, GSTR-2, GSTR-3) and one annual return each year, totaling 37 returns. GSTR-1 contains outward supply/sales details. GSTR-2 contains purchase/input tax credit details. GSTR-3 is a summarized return generated from GSTR-1 and GSTR-2 with tax liability details. Failure to file returns on time results in late fees.
The document discusses the Payment of Bonus Act 1965 in India. It provides definitions of key terms like bonus and outlines the aims, applicability, eligibility criteria, minimum and maximum bonus amounts under the Act. It also covers the methods to calculate statutory bonus and available surplus, as well as employers' obligations around payment timelines, registers, returns and penalties for non-compliance. The document answers several questions around entitlement of different employee types and closes with conclusions and bibliography.
The document discusses the history and evolution of working capital finance regulation in India. Key points include: [1] The Tandon Committee of 1974 established norms for determining working capital needs and permissible bank financing levels. [2] Subsequent committees like Chore and Dahejia made additional recommendations around monitoring borrowers and assessing needs based on operations rather than just security. [3] Current practice involves assessing needs through projected balance sheets, cash budgets or turnover, with an emphasis on loan systems over cash credits for meeting needs.
This document appears to be a quiz on Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance for banks. It contains 42 multiple choice questions testing understanding of key concepts such as: e-KYC requirements, customer due diligence procedures, reporting thresholds for suspicious and cash transactions, monitoring high risk customers, and key KYC documents. Correct answers are provided for each question. The document emphasizes that KYC is an ongoing process and highlights important reporting deadlines for transaction reports.
Introduction to Know Your Customer (KYC)LoanXpress
KYC (Know Your Customer) is a process financial institutions use to verify customer identity and reduce risks. It involves obtaining and periodically updating customer identification and address information. KYC aims to prevent identity theft, financial fraud, money laundering and terrorist financing. Banks must perform KYC at account opening and in other instances such as loans or changes to signatories. KYC documentation includes identity documents like a passport and address proofs. Financial institutions must also monitor customer transactions for consistency with the customer's profile and peer activities.
L&T Finance Holdings Ltd is a large NBFC operating in finance sector in India. It provides various financial services including loans, insurance, factoring etc. The company follows frameworks like GRI, NVG, UNGC to report on economic, environmental and social performances. It ensures ethics and transparency in business operations and incorporates social/environmental factors. The company focuses on talent acquisition and development, transparency, learning and good governance in its HR policy.
Non-banking financial companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank. This document provides an overview of NBFCs in India, including their history, regulations, types, and roles. It defines various types of NBFCs such as investment companies, equipment leasing companies, loan companies, and housing finance companies. It also discusses the historical committees that shaped NBFC regulations and compares NBFCs to banks.
The SARFAESI Act allows secured creditors like banks to enforce security interest for recovery of dues without court intervention. It gives banks the power to take possession of secured assets, sell them, or take over management upon default. The key steps are issuing a 60-day demand notice, taking possession if not paid, appointing an authorized officer, valuating and auctioning the assets. The debtor can raise objections within 15 days of notice or approach DRT within 45 days, otherwise the bank may proceed to sell the assets to recover dues.
This document provides an overview of input tax credit under the GST Act. It defines input tax and input tax credit, outlines the eligibility and conditions for claiming ITC, and discusses the time limit. It also covers apportionment of credit and blocked credits, availability of credit in special circumstances like new registration or exempt supplies becoming taxable. The document discusses ITC on capital goods, distribution of credit by an Input Service Distributor, and recovery of excess credit distributed. Overall it serves as a comprehensive guide to the key aspects of input tax credit under Indian GST law.
1) The document discusses the taxation of capital gains in India, including the conditions required for a capital gain to be chargeable, the definitions of capital assets and capital gains, and the computation of capital gains.
2) It provides details on the types of capital assets (short term and long term), the meaning of "transfer", and the different types of capital gains (short term and long term).
3) The computation of capital gains involves subtracting the cost of acquisition and cost of improvements from the full value of consideration, with the costs indexed for inflation in the case of long term capital assets.
The document summarizes the key aspects of the Gratuity Act of 1972 in India. It applies to employees working in establishments with 10 or more employees, including factories, mines, plantations, ports, and railways. Gratuity is a lump sum payment made to an employee on termination of employment based on their length of service. It is payable for continuous service of 5 years or more, or in case of death or disability regardless of service period. The maximum gratuity payable is Rs. 20,00,000 and is calculated as half a month's basic salary plus dearness allowance for each completed year of service. Employers must pay out gratuity within 30 days of it becoming due.
The document discusses the scope and procedures for bank concurrent audits. It describes concurrent audits as intended to supplement internal bank checks, reduce the time between transactions and examination, and improve bank functioning. The scope includes verification of advances, deposits, housekeeping, revenue leakage, foreign exchange transactions, and other key areas. General audit procedures involve both on-site and off-site verification and documentation. Essential documentation and records for concurrent audits are also outlined.
This document provides a checklist for conducting an internal audit of a microfinance institution (MFI). The checklist covers various audit areas, including the building/premises, safe, cash records, fixed assets, office supplies, loan processes, staffing, and financial reports. It is intended to help auditors systematically evaluate whether the MFI's policies, procedures, and controls are properly documented and followed. Any "no" responses, especially for starred items denoting higher risks, should be investigated and corrective actions taken.
1) The document summarizes a site visit report for a construction project located in Kuala Lumpur, Malaysia.
2) The project involves constructing a 25-story mixed use building, with commercial space on the lower floors and residential units above.
3) During the site visit, students observed various construction materials, processes, and equipment to gain practical experience supplementing their classroom lessons. Safety precautions were also emphasized.
The document provides a property inspection report for a residential property located at 33 Structural Street, Structuralville, WA, 6530, Australia. It was conducted on 25 May 2015 by Geraldton Property Inspections. The report details information about the client, property address, scope of inspection, areas inspected, terminology, and findings. The inspector conducted a visual assessment of the property in accordance with Australian standards and provided descriptions of visible defects and the general condition of the building. [/SUMMARY]
building Site report for 1st year students of B.sc Civil Engineering... this will be helpful in case you have just joined Civil Engineering Class and Your Teacher ask you to prepare a report based on Basic Knowledge.
A project report on hr practice in hotel industryProjects Kart
The document provides an overview of the hotel industry and human resource practices within it. It discusses that the hotel industry is large and growing, offering diverse career opportunities. It also classifies hotels based on star ratings and amenities, and describes the various core departments within hotels like food and beverage, front office, and housekeeping. The roles of supporting departments like marketing, engineering, and finance are also outlined. Finally, it discusses the importance of safety, security, and developing training programs for employees.
The bank audit process consists of several key steps: 1) pre-commencement work including understanding qualifications, scope, and planning; 2) understanding the business of the specific bank branch, including transactions, computer systems, controls, and risks; 3) creating an overall audit plan and program; and 4) performing audit procedures including substantive testing and analytical procedures to evaluate results and issue a report. The auditor must understand laws and regulations, assess risks, and design an appropriate audit sample to provide sufficient evidence for the audit.
A sample on industrial visit report for MBA students by Bilal KhanBilal Khan
For those who wants to make a report on industrial tour or visit may have a look over it so that they could have a brief synopsis for creating a report on industrial visit
The document introduces the accounting manual of the Centre for the Rehabilitation of the Paralysed (CRP) in Bangladesh, which describes CRP's financial and accounting functions, systems, and procedures to facilitate proper financial control and ensure transparency and accountability. CRP operates rehabilitation services across Bangladesh and trains health professionals. The purpose of the accounting manual is to improve CRP's financial management system and ensure better financial control, transparency, and accountability in its daily operations.
Red and black schoolbuilding program inspection reportRdc Cordillera
This report contains the status, basic information and findings and recommendations on the recently concluded project inspection of the Red and Black Schoolbuilding Program
The document provides inspection details for a single family home at an address that has been removed. It includes photos and descriptions of the home's roof, exterior, structure, insulation/ventilation, electrical, plumbing and other systems. The inspector found the roof shingles to be near the end of their life but no other major deficiencies. Minor issues included needing to extend a downspout and restain the deck. The overall structural condition was deemed good.
The audit found several issues with the City of New Orleans' internal controls over fixed assets from 2009:
1) Fixed assets were purchased without evidence of proper approvals in some cases.
2) The city did not consistently record fixed assets in a timely manner when received.
3) Some assets were erroneously recorded multiple times in 2009.
4) The city did not use detailed descriptions to properly identify assets.
The inspection report summarizes the inspection of a single family home. Issues were found with the roof that will need further inspection when clear of snow. Logs on the exterior will require annual maintenance. Safety issues were found with deck and stair railings that need repair. The kitchen sink drain uses an outdated S-trap and should be replaced with a P-trap. An anti-tip device is also recommended for the kitchen range.
The document discusses cracks in buildings, their causes and prevention. It classifies cracks as structural or non-structural and by width, direction and appearance. Non-structural cracks are caused by thermal variation, chemical reactions, moisture movement, foundation issues and manufacturing defects. Thermal variation results from temperature changes causing expansion and contraction. Moisture movement from wetting and drying leads to reversible and irreversible movement. After construction, structural cracks can be repaired through epoxy injection, polyurethane injection or stitching cracks. The seminar provides information on identifying crack causes and selecting suitable repair techniques.
The document provides guidelines for building inspection reports in Malaysia. It outlines 12 types of inspection reports and details their purposes and scope. The guidelines discuss valuation reports, property purchase surveys, building surveys, specialist investigations, and other common types of inspection reports. It aims to define the different types of inspections to avoid misunderstandings between professionals and clients.
This document provides an overview of refrigeration and air conditioning systems. It describes:
1) The basic process by which refrigeration systems transfer heat from a cooler to warmer reservoir using a refrigerant and mechanical work.
2) The main types of refrigeration and air conditioning systems used in industry, including vapor compression, absorption cooling, and common refrigerants.
3) The typical components of a vapor compression system, including the evaporator, compressor, condenser, expansion device, and the phase changes that occur in the refrigeration cycle.
Lorna Fitzjohn, Regional Director, West Midlands gave the keynote address at 'Be inspection-ready – not preparing for inspection': a conference by SSAT the schools, students and teachers network on 20 April 2016.
Home Inspection Report Sample, Lancaster CA. Spec Rite Inspections is a Residential and Commercial Real Estate Inspection Firm, serving Southern California, Los Angeles, Lancaster, Palmdale, Santa Clarita.
This document contains some indicative points which must be taken into consideration for appraising a credit loan facility. Each lender will have a different approach for assessing a facility, following are some of the areas. It is not possible to have a same checklist for different kinds of facility e.g. WC loan, Project finance, Bill Discounting among others. Based on my experience in credit rating, loan life cycle and academic inclination, I have created this checklist and tried to keep it as generic as possible.
In case of any query, you can reach me at abhyankar.sr@gmail.com.
The document discusses the process and procedures for conducting a stock audit in banks. It covers the meaning and purpose of stock audits, relevant auditing standards, the various stages of a stock audit including planning, fieldwork procedures, and reporting. Key procedures discussed include verifying physical inventory, assessing valuation of stock, analyzing debtors, recalculating drawing power, and ensuring adequate insurance coverage. The document provides guidance on planning, documentation, analytical procedures, internal control evaluation, and addressing common deficiencies observed in cash credit accounts.
This document outlines areas that should be covered in an internal audit of a manufacturing company. It discusses 12 key areas: purchases, sales, creditors, debtors, subcontracting, inventory, export incentives, price escalation, cash management, payroll, labor contractors, and a review of management information systems and internal controls. For each area, it provides 1-3 sentences on audit procedures and checks that should be performed. The conclusion reiterates that this covers many important but not all potential audit areas, and is meant to be a starting point rather than a standardized audit program.
This document outlines areas that should be covered in an internal audit of a manufacturing company. It discusses 12 key areas: purchases, sales, creditors, debtors, subcontracting, inventory, export incentives, price escalation, cash management, payroll, labor contractors, and a review of management information systems and internal controls. The goal is to evaluate financial records, internal processes, and risks to help management ensure efficiency, effectiveness and compliance.
The internal audit report summarizes observations from the quarterly internal audit of CIM Shipping Inc. Key observations include:
1) Finance department policies and procedures are not properly documented or approved.
2) Inter-company reconciliations are not prepared, resulting in balances not agreeing between entities.
3) Physical inventory counts revealed issues with container placement and maintenance of store records.
The report provides recommendations to address deficiencies in policies, reconciliations, and inventory management. Management responses are requested for each observation.
The document provides guidance on conducting investigations for various parties in business transactions. It outlines the key points an investigator should focus on when investigating a client's accounts on behalf of a bank loan application. These include verifying liabilities, assets, profits, competition, and financial position. It also describes investigating accounts when a client intends to join an established business or when investigating on behalf of a purchaser, incoming partner, or lender of money. The investigator should examine factors like business trends, securities, use of funds, and reputation.
The document provides guidance on conducting investigations for various parties in business transactions. It outlines the key points an investigator should focus on when investigating a client's accounts on behalf of a bank loan application. These include verifying liabilities, assets, profits, competition, and financial position. It also describes investigating accounts when a client intends to join an established business or when investigating on behalf of a partner or share purchaser. The investigator should examine financial records, contracts, reputation, security, and use of funds/capital. The goal is to accurately assess the financial health, risks, and viability of the business or investment opportunity.
The document discusses the process of credit appraisal at Dhanlakshmi Bank, which involves initially appraising the borrower/business through background checks and assessing managerial, commercial, technical, and financial capabilities. It then discusses appraising the credit requirement by structuring delivery, security, covenants. The appraisal process differs based on the segment - retail, small business, farming, MSMEs, or corporates. Key aspects of appraisal include the borrower's background, commercial factors, technical review, and financial analysis through computing key ratios. The document outlines various check points for due diligence like licenses, website, resumes, brochures, ROC searches, pre-sanction inspections, and
Due diligence is an investigation of a potential investment to evaluate risks. It involves reviewing financial and non-financial records to verify material facts and assess opportunities. Key aspects of due diligence include confirming the business matches its appearance, identifying potential issues, gaining valuation information, and ensuring compliance. Areas of due diligence include commercial, financial, tax, information systems, legal, and environmental reviews. Financial due diligence focuses on history, accounting, taxes, cash flow, management, compliance, and identifying hidden liabilities or overvalued assets. A thorough due diligence process is important for making an informed investment decision.
The document outlines the requirements, objectives, and general areas of focus for internal audits according to Indian law and auditing standards. It notes that Section 138 of the Companies Act 2013 mandates internal audits for certain large or publicly traded companies. The objectives of internal controls are to ensure reliable information, prevent errors and fraud, and ensure compliance with policies and procedures. General areas that internal audits examine include cash/bank transactions, purchases, sales, creditors, debtors, stocks, indirect expenditures, and statutory compliance. The effectiveness of controls depends on factors like organizational structure and management supervision.
The document is a sample audit report for ICICI Bank summarizing the auditor's responsibilities and opinion on ICICI Bank's financial statements for the year ending March 31, 2014. The 3 sentence summary is:
The auditor is responsible for expressing an opinion on whether ICICI Bank's financial statements present fairly and in accordance with accounting standards. In the auditor's opinion, ICICI Bank's financial statements give a true and fair view of the bank's financial position, performance and cash flows. The financial statements were also prepared in accordance with the Banking Regulation Act and comply with applicable accounting standards.
This document provides a 10 step process for analyzing problem loans and minimizing losses. The steps include reviewing documentation, performing lien searches, collateral valuation, financial analysis, identifying all related debt, evaluating management and business operations, environmental issues, viability assessment, and developing an action plan. The goal is to gather all relevant information to understand the problem fully and develop a solution that protects the bank's interests while helping the borrower return to financial health.
Objective of today’s session:
Purchasing system and procedure.
Audit objective.
Audit procedure.
Audit program.
Cash purchases.
Audit findings and reporting.
The document discusses internal audit and internal controls. It outlines the purpose of internal audit as performing periodic reviews of departments to evaluate efficiency and effectiveness. It then lists the main concerned areas that internal audit reviews, which include finance, administration, procurement, payroll, transport, IT, and revenue and expenditure. The document also discusses the control environment, procedures, and general controls that should be in place. Finally, it provides specific controls that should be implemented for the finance, administration, procurement, payroll, transport, IT, and revenue/expenditure departments.
The document discusses auditing procedures for trade receivables and payables. It outlines the objectives of auditing these accounts which include existence, completeness, valuation, and disclosure. It then describes relevant assertions and provides examples of substantive audit tests that can be used, such as direct confirmation of receivable and payable balances, testing sales and purchase transactions, and verifying the aging of receivables. Routine procedures and internal controls for accounts payable are also discussed.
Role of Credit Investigator in commercial bank Muhammad Ali
The role of a credit investigator is to evaluate the creditworthiness of individuals and businesses applying for loans. They do this by reviewing financial history and market conditions to determine the likelihood of repayment. The credit investigation process involves gathering information from applicant interviews, financial statements, credit reports, other banks, references, and visits to applicant worksites. Credit investigators analyze financial records, compile reports, and make recommendations to help lenders minimize risk and maximize successful repayment of loans.
The audit committee plays an important role in overseeing the financial reporting process and audit of a company's financial statements. The key responsibilities of an audit committee include:
1. Overseeing and monitoring the financial reporting process to ensure accuracy and compliance.
2. Appointing, compensating, and overseeing the independent auditor.
3. Reviewing and discussing the audit plan, audit results, and auditor's report with the independent auditor.
4. Reviewing the adequacy of the company's internal controls and risk management procedures.
The audit committee helps provide oversight of management, the internal auditors, and the independent auditor to strengthen the integrity of financial reporting and maintain public trust in the
The document summarizes the results of a risk-based internal audit conducted for an automobile NBFC. The audit covered areas of finance, operations, credit, risk and compliances. Key findings included waivers and discounts not being recorded properly, issues with stamp duty payments, expired loan schemes still being disbursed, lack of insurance for fixed assets, and non-compliance with employee regulations. The NBFC addressed these issues by implementing new policies, automated controls, and making changes to loan and insurance processes. The client was satisfied with the work conducted by the audit team.
691) Click.. Article aims to outline the process for taking various decisions...spandane
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This document discusses improving one's thinking process and quality of life. It emphasizes moving from smaller to larger perspectives, and finding peace and positivity within oneself and one's situation. Overall messages include focusing on what is within one's control and influence, and maintaining an open and learning-focused mindset.
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This document discusses the importance of unity, cooperation and compassion among all people. It states that while people may differ in terms of religion, caste, creed, language or ethnicity, they should promote harmony and respect for one another. It encourages treating all fellow humans with dignity, kindness and equality.
23) Nocturia. Is it a kidney disease or heart distdfspandane
This document discusses nocturia, which is frequent urination during the night. Nocturia can be caused by medical conditions like an enlarged prostate in men or diabetes. The document asks if excessive nighttime urination is affecting one's sleep quality and recommends seeing a doctor for evaluation and treatment if it is.
Karneeti Part 528 - Personal Budget before National Budget - By CA Umesh Shar...spandane
The document discusses the importance of personal budgeting and debt planning. It notes that while many people focus on the national budget, they ignore their own personal finances. It emphasizes that creating a monthly budget allows people to properly allocate income across expenses, identify spending priorities, and ensure expenditures don't exceed income. The document also stresses that strategic debt planning is crucial to avoid financial strain, reduce interest costs over time, and preserve good credit. Overall, the key message is that personal budgeting and debt management are important financial tools that everyone should practice.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. 2
Unit Inspection
™Indirect tools:
¾QIS, Stock statement, market reports, Accounts, Operation in the account etc.
™Direct tools:
¾Unit Inspection, stock inspection etc.
What is Unit inspection?
™Unit inspection means ensuring that the unit to which the bank has lent its
funds is being run in a satisfactory manner.
™Its scope goes beyond stock statement scrutiny or even stock inspection.
™Unit inspection goes beyond arithmetical or physical correctness of the stocks.
™The scope of unit inspection covers ensuring whether there are orders on
hand, licenses are renewed and taxes & statutory dues have been paid in time
etc.
What is the Aim of Unit inspection?
™To ensure that the security charged to the Bank: -
¾Tallies with the statement.
¾Is adequate to cover the advance.
¾Is easily marketable at the value stated.
¾Proper inventory control is exercised to avoid excessive stock.
™The unit which is being inspected is: -
¾Run in a proper manner.
¾For the prescribed activities.
¾In a profitable way.
¾Observing all the stipulations of the business.
Modalities of unit inspection
™The person undertaking the inspection has to remember that he is
representing the Bank.
™Before the inspection
3. 3
™During the inspection
™After the inspection
Preparation before the inspection
™Studying of:
¾Stock statements
¾Annual accounts
¾Projections, QIS
¾Operations in the account
¾Correspondence with the party
¾TOD limits sanctioned during the year
¾Projections submitted at the time of availing of advance.
¾Scrutiny note
¾Comparison of projections with stock statement and annual accounts etc.
¾Whether documents are in force?
¾Whether any compliance is pending?
¾Insurance policy.
™To conduct analysis of variance during the inspection.
™To study whether the assumptions underlying the business plan were
appropriate.
™Compliance of terms of sanctions by the borrower.
™Whether any amount is overdue?
At the time for inspection
™Whether all licenses has been renewed?
™Whether all statutory payments have been made on due dates?
™ To confirm the proper upkeep of the various securities charged in favor of the
bank such as machinery, equipment, furniture & fixture, premises etc.
™In case of pledged goods, ensure that they are stored in godowns as per the
Bank’s requirement.
™Whether Bank’s hypothecation board has been displayed?
™Confirm the security arrangements at the premises, insurance, fire fighting
arrangements etc.
™Observe the working atmosphere in the unit.
™To verify stock register, Returns and other relevant records.
4. 4
™To verify order booking position. (UEOB-Unexecuted Order Book)
™To verify production records, ascertain capacity utilization.
™Verify level of stock holding at various stages. i.e. RM, WIP, FG.
™Whether stock of machinery spares is adequate?
After the inspection.
™As soon as the inspection is over, the representative should finalize the report
based on notes prepared before undertaking the inspection and observations
made at the site.
™All the positive and negative angles should be brought out in the Report
without fear or favor.
™The process of inspection should help in assessing the merits and weaknesses
of the unit, the deviations if any and justifications thereof.
™This will also help the Bank in knowing the risk factors in a particular finance,
and decide the credit rating.
Inspection Report
• Points to be covered:
• Borrower.
• Location.
• Loan O/S.
• Overdue.
• Classification.
• Position of security.
• Max. Permissible Bank Finance.
• Insurance.
• Licenses & other statutory payments.
• Inspection of stock-general points.
• Storage.
• Stock records.
• Verification of stocks.
• Inspection of Fixed Assets.
• Inspection of Premises.
Conclusion
™This handout aims to highlight some of the important points for conducting
5. 5
unit inspection.
™It is not possible to prepare a model guide of unit inspection due to complex
factors such as nature of business, industry norms & practices, quantum of
advance, relationship of the borrower with the bank etc.
™The performance of the borrowal unit is a major factor for the success of any
Bank and unit inspection is one of the tools to gauge the performance.
Inspection:
I: Identify
N: New / Old
S: Security
P: Permissions
E: Exhibit of bank’s name board
C: Condition
T: Installation
I: Insurance
O: Operation
N: Location
6. 6
Practical Tips for carrying out Inspection
Plant & Machinery
Sr. No.
1 Carry quotation, bill and installation report of equipment.
2 Verify machinery with reference to above. Confirm make, serial number,
Manufacturer and capacity.
3 Observe machinery condition & working.
4 Enquire about machinery spares, servicing, annual service contract etc.
5 Whether bank’s name board has been affixed / painted on the machinery?
6 Take photos of the equipment from front, rear & side.
7 Make sketch / layout of shop floor showing installation of various
equipments.
8 Enquire about machinery breakdown?
9 Whether machinery breakdown insurance has been taken?
10 Whether fire extinguishers have been installed near machinery?
11 In case of moving machinery, whether protective railing has been
installed?
Computer
Sr. No.
1 Carry quotation, bill and installation report of computers system.
2 Verify monitors, key- boards, modems, CPU with reference to above.
3 Observe the atmosphere of the location. Is it dust free? Is it clean?
4 Whether computers are in working condition?
5 Enquire about servicing, AMC? Whether preventive maintenance is
carried out?
6 Whether earthing is proper and checked periodically by electrician?
7 Configuration can be checked by pressing pause key when computer is
booted and also from control manager---system.
8 Whether Anti-virus software has been installed? Is it updated
periodically? Is it original or pirated?
9 Whether UPS / voltage stabilizer has been installed?
10 Whether proper servicing is carried out?
11 Whether printers are in working condition?
7. 7
Vehicle
Sr. No.
1 Private (white number plate) Commercial (Yellow number plate)
Tourist (t)
2 RTO Regd. No. MH-Maharashtra. 01-B’bay central, 02- Andheri, 03-
Ghatkopar, 04- Thane
3 Verify Chassis number & Engine number of the vehicle. Take Pencil
impression of Chassis number & Engine number.
4 Whether PUC is valid?
5 Verify Insurance policy, note down bank clause, permit, vehicle fitness
certificate.
6 Observe general condition of the vehicle. Colour, Body, Tyre condition
etc.
7 Note down the Kilo Meter reading.
8 Whether no claim discount has been given in the insurance policy?
9 Whether steering lock & petrol tank lock has been fitted?
10 Whether tourist permit has been obtained?
11 Insurance company does not entertain the claim if vehicle is used for
hire, racing unless specifically disclosed?
Shop
Sr. No.
1 Verify Shop & establishment license, BMC permission, Weights & Scale
license, Shutter license, Neon sign licenses, Health dept. permit, Drug
license etc. depending on type of business.
2 Whether fire extinguishers have been installed and the same are in
working condition?
3 Make sketch of shop layout, storage racks, Furniture.
4 Whether shutter center lock has been fitted in case length of the shutter
is more than say 8’-10’?
5 Enquire about area of the Godown & shop?
6 Select 2-3 racks at random & estimate the stock.
7 Compare the physical stock with sum insured in the policy.
8 Photographs should be taken in sequence. E.g. clockwise.
9.1 Ascertain how stock statement is prepared every month for submission
to Bank?
9.2 Obtain detailed stock statement on yearly basis.
8. 8
10 Wine shop: Verify excise records for purchases, sales & stock. Refer
daily brand wise stock register.
11 Chemist: Expired stock? Recruitment of Qualified D. Pharma assistant
is compulsory. Note down the name of the said staff. Whether AC is
installed?
12 Cloth merchant: Count number of Sarees, shirt pieces, trouser pieces,
shirting rolls etc and estimate the stock value.
9. 9
Bank: Branch
Post Disbursement Report Date of visit
Sr.
No.
1 Name of the borrower
2 Constitution Proprietary firm / Partnership /
Pvt. Ltd. / Public ltd.
3 Branches
4 Nature of business
5 Place of visit Office:
Godown:
Factory:
6 Telephone Office:
Godown:
Factory:
Residence:
7 Name of the person met &
Designation
8 Security offered
Stock Rs.
Debtors Rs.
Property Rs.
9 Details of machinery offered as
security & other equipments
Description Original Cost WDV
10 Details of collateral security
10. 10
Description Original Cost WDV
11 Details of existing Loans Rs’000
Loan
Loan Sanctioned
A/C
on
O/S Due date Overdue
Principal Interest
Total
CC Last 3 months
Debit summations
Credit summations
Whether Credit summations are commensurate with CC
Limit?
12 Stock statement submission
is
Regular / Irregular / Late / At a time
Last stock statement on
record
13 Whether bank’s name board
has been displayed?
14 Details of insurance policy
Policy no.
Sum insured Rs.
Date of expiry
Risk covered
Property covered
Whether S.I. is adequate?
15 Stock at the time of visit
(Working sheet enclosed)
Rs.
16 Book debts as on > 90 days Rs. < 90 days Rs.
17 Creditors as on > 90 days Rs. < 90 days Rs.
11. 11
18 Staff strength at the time of
visit
Office staff
Labour
19 Visit Report in brief Attach separate sheet.
19.1 S&E Certificate valid up to
19.2 Business License valid up to
19.3 Safety measures
19.4 Whether LY Accounts,
IT Return is on record?
20 Inspection Team
Name Designation Signature
Notes:
12. 12
Inspection Report-Term Loan
Report No: IR /
Date Date of visit:
A Borrower:
1.0 Name
Constitution
2.0 Location:
Office
Telephone
Factory
Telephone
3.0 Loan A/C No: Branch:
4.0 Loan Details:
Term loan Security
¾ No. of installments Of Rs. p.m. From
5 O/S as on
¾ Term Loan
6 Overdue as on
¾ Installments No. of installments
¾ Interest Interest recd. Up to
7 Classification of loan as per RBI
guidelines as on 31-03-
Standard / Sub-standard /
Doubtful ( )
B Position of Security: RS.’000
1 Value of security O/S Unsecured
¾ Term loan
2 Original cost of
Date of purchase
Less: Depreciation @ % for
months
13. 13
WDV as on
Approx. Market value as on
3 Collateral security
C Insurance:
1 Assets covered
Location
Sum Insured
Policy no. Expiry
Actual value
Excess / Shortage
2 Risks covered
3 Risks to be covered / Insured
Fixed Assets
4 Whether Bank clause has been attached with Insurance
policy?
Yes /
No
D Licenses and other statuary payments:
1 Factory license renewed up to
2 Shop & establishment renewed up to
3 Rent paid up to On
4 Municipal Taxes paid up to On
5 Water charges paid up to On
6 Power / electricity charges paid up to On
7 Provident Fund paid up to On
8 ESIS paid up to On
9 Sales tax / VAT paid up to On
10 Sales tax VAT /Assessment completed up to
11 I.T. Return for P. Y. Filed on
12 Advance Tax for A.Y. (P.Y.)
Installment
Paid up on
13 Income Tax Assessment completed up to
14 Excise duty returns submitted up to
14. 14
15 Whether P&L and B/S of P. Y. has been
submitted to Bank
E Inspection of Fixed Assets:
E-I Plant & Machinery , Furniture & Fixtures , Equipment etc
1 Whether list of Fixed Assets offered to
Bank as security is on record?
2 Whether various items are in working
condition?
3 Whether in house periodic maintenance
schedule has been laid down?
4 Whether service contracts have been
entered into for major items?
5 Whether machinery spare parts are held in
stocks?
If yes, whether useful?
6 Whether various items have been
numbered?
7 Whether fixed assets are verified
periodically?
8 Are there any damaged / obsolete items of
fixed assets?
9 Are there any physical safeguards against
Theft or loss of tools and other movable
equipment?
10 Whether the name plate indicating Bank’s
hypothecation charge is fastened securely
To or that the lending Bank’s name is
painted on the machinery?
11 Whether boiler inspection has been carried
out?
12 Original Cost
Less: Depreciation
WDV as on
13 Whether Fixed Assets Register has been
maintained?
14 List of machinery inspected is attached
15. 15
E-II Building:
1 Whether flat, gala needs any repairs?
2 When it was painted last?
3 Whether building fitness certificate has
been obtained every year from civil /
structural engineer?
4 Condition of flat / gala
5 Original cost RS.
Year of Purchase
Area
Market value approx. @ Rs. Rs.
Notes:
Name Name Name Name
Borrower Designation Designation Designation
16. 16
Inspection Report- Cash Credit & Term Loan
Report No: IR /
Date Date of visit:
A Borrower:
1.0 Name
Constitution
2.0 Location:
Office
Telephone
Factory
Telephone
3.0 Loan A/C No: Branch
4.0 Loan Details:
4.1 Term loan Security
¾ No. of installments Of Rs. p.m. From
4.2 Cash Credit: Rs. Security: Due date:
5 O/S as on
¾ Term Loan Cash Credit
6 Overdue as on
¾ Installments No. of installments
¾ Interest Interest recd. Up to
7 Classification of loan as per RBI
guidelines as on 31-03-
Standard / Sub-standard /
Doubtful ( )
B Position of Security: RS.’000
1 Value of security O/S Unsecured
¾ Term loan
¾ Cash credit
Total
2 Original cost of
Date of purchase
Less: Depreciation @ % for
months
17. 17
WDV as on
Approx. Market value as on
3 Stock Less: Creditors
Debtors Less: Over 60
days
Sub-total Sub-total
Less: Margin @ %
Drawing Power
Outstanding as on
Excess drawing
4 Max. Permissible Bank Finance Year ended As on
Current Assets
Less : Current liabilities
Working capital gap
Less: Promoters contribution
@ 25%
Max. Permissible Bank Finance
Less: CC Limit sanctioned
Excess borrowing
5 Collateral security
C Insurance:
1 Assets covered
Location
Sum Insured
Policy no. Expiry
Actual value
Excess / Shortage
2 Risks covered
3 Risks to be covered / Insured
Fixed Assets
Stocks
18. 18
4 Whether Bank clause has been attached with Insurance
policy?
Yes /
No
D Licenses and other statuary payments:
1 Factory license renewed up to
2 Shop & establishment renewed
3 Rent paid up to On
4 Municipal Taxes paid up to On
5 Water charges paid up to On
6 Power / electricity charges paid up to On
7 Provident Fund paid up to On
8 ESIS paid up to On
9 Sales tax / VAT paid up to On
10 Sales tax / VAT Assessment completed up to
11 I.T. Return for P. Y. Filed on
12 Advance Tax for A.Y. (P.Y.)
Installment
paid up on
13 Income Tax assessment completed up to
14 Excise duty returns submitted up to
15 Whether P&L and B/S of P. Y. has been
submitted to Bank
E Inspection of stocks:
E-I General:
1 Products manufactured and sold
2 Whether production is seasonal or
throughout the year?
3 Whether demand is seasonal or
throughout the year?
4 Main Items of:
RM
FG
WIP
5 Factory works in Shifts.
6 No. Of fire extinguishers.
Whether in up to date condition?
7 Strength: Staff Workers
19. 19
E-II Storage:
1 Watch & ward arrangement Self managed / Outside
agency
2 Whether Burglar Alarm has been
installed?
3 Shop Floor Tidy / Clean / untidy /
well laid out / clustered
4 Shop floor environment
5 Whether Bank’s name board has been
installed?
6 Whether stocks are stored in assigned in
areas?
7 If yes, whether access to these areas is
limited?
8 Whether storage capacity is adequate?
9 Whether material has been stored
properly?
10 Who is responsible for custody of stock?
11 Physical facilities available for storage?
12 Storage system adopted. Protection from
dust, dampness?
13 Stock & its life
14 Location / Area of Godown
15 Whether stock has been stored properly
to facilitate verification of same?
16 Who is responsible for custody of
Godown keys?
17 Whether wire seal is used while closing
Godowns?
E-III Stock Records:
1 Whether stock statements are submitted?
2 If yes, submission is regular / irregular /
late?
3 How many stock statements were
submitted in last 12 months?
4 Basis of preparation of stock statements:
book records/ physical?
5 Whether stock register is maintained?
6 If yes, whether up to date?
20. 20
E-IV Verification of stocks:
1 Whether norms have been laid down for
stock levels?
2 How often stocks is physically verified in
a year?
3 Stocks as on List attached Rs.
4 Non-moving , damaged , obsolete stock Rs.
5 Over stock holding vis-à-vis consumption Rs.
F Inspection of Fixed Assets:
F-I Plant & Machinery , Furniture & Fixtures , Equipment etc:
1 Whether list of Fixed Assets offered to
Bank as security is on record?
2 Whether various items are in working
condition?
3 Whether in house periodic maintenance
schedule has been laid down?
4 Whether service contracts have been
entered into for major items?
5 Whether machinery spare parts are held in
stocks?
If yes, whether useful?
6 Whether various items have been
numbered?
7 Whether fixed assets are verified
periodically?
8 Are there any damaged / obsolete items of
fixed assets?
9 Is there any physical safeguards agt. Theft
or loss of tools and other movable
equipment?
10 Whether the name plate indicating Bank’s
hypothecation charge is fastened securely
To or that the lending Bank’s name is
painted on the machinery?
11 Whether boiler inspection has been carried
out?
12 Original Cost
Less: Depreciation
21. 21
WDV as on
13 Whether Fixed Assets Register has been
maintained?
14 List of machinery inspected is attached
F-II Building:
1 Whether flat, gala needs any repairs?
2 When it was painted last?
3 Whether building fitness certificate has
been obtained every year from civil /
structural engineer?
4 Condition of flat / gala
5 Original cost Rs.
Year of Purchase
Area
Market value approx. @ RS. Rs.
Notes:
Name Name Name Name
Borrower Designation Designation Designation
22. 22
Visit Report of Flat / Shop / House property
Sr.
No.
Remarks
1.0 Bank
2.0 Branch
3.0 Loan A/C No.
4.0 Amount of Loan applied / Sanctioned Rs.
Disbursed on
5.0 Visited by
6.0 Date & time of visit
7.0 Address of flat / shop & Telephone no.
/ Mobile no.
8.0 Name of the Builder / Society
9.0 Person accompanied / contacted
10.0 Details of Property:
10.1 Area of the flat / shop & floor
10.2 No. Of Rooms 1 RK / 2 BHK / 3 BHK /
10.3 No of storeys / floors in the building Total no. of flats in
the building:
10.4 No. Of wings in the building
10.5 No. Of buildings in the complex /
society
10.6 Proximity from the nearest railway
station
Kms. From Railway
station.
10.7 Bus route to nearest railway station
10.8 Whether complex bus service is
available?
11.1 Whether flat / shop is fully constructed
or under construction?
11.2 If under construction, level of progress
of construction.
Up to Plinth /
Slab
( % Of construction
completed)
11.3 Date of latest commencement certificate Up to
Slab
Entire
structure
23. 23
12.1 If constructed, whether fully occupied?
12.2 If not % of occupation
12.3 Whether occupation certificate from
Municipal Authorities has been
received?
No. & Date
12.4 Whether water pipeline has been
approved by municipal authorities /
CIDCO etc.?
12.5 Whether water supply is available 24
hours?
12.6 Whether Electricity company has
approved electricity meters?
13.1 Whether the construction / present
status of the building is satisfactory or
not?
13.2 Whether building has been painted?
13.3 Whether drainage line has been
connected to Municipal drainage line?
13.4 Whether flat has been insured?
13.5 If yes, Policy no. & period
14.1 Whether society has been formed?
14.2 If no, whether application has been
made for registration?
14.3 If yes, whether conveyance has been
done?
14.4 Whether completion certificate has been
received from municipal authorities /
CIDCO etc.?
15.0 Details of amenities provided:
15.1 Marble flooring
15.2 Electrical wiring Concealed / Casing –capping
15.3 Plumbing Concealed / Open
15.4 Intercom connection
15.5 Internet connection
15.6 Cable connection
15.7 Sliding windows
15.8 Grill
15.9
16.1 Whether flat is occupied / vacant?
24. 24
16.2 If flat is occupied, then by whom?
17.0 Whether the flat to be purchased is on
the floor, which is a result of the
additional FSI obtained by the builder?
18.0 Other observations:
18.1 Security arrangement
18.2 Compound wall
18.3 Fire fighting equipment
18.4 Lift
18.5 Generator
18.6 Close circuit TV
18.7 Solar energy lighting
18.8 Recycling of toilet water for garden use.
18.9 Any other observations:
Signature of applicant /
borrower
Signature of Branch
officials
Signature of Branch
officials
Name Name Name
Designation Designation
25. 25
Vehicle Inspection Report
Report No: Date: Time:
A Borrower:
1 Name
Address
2 Loan A/C No. Branch:
3 Loan Rs. Disbursed on:
No. of installments of Rs.
4 Balance as on: RS.
5 Overdue:
¾ Installments
¾ Interest
B Vehicle Details:
1 Type of vehicle
2 Make Model
3 Vehicle No.
4 Engine No. Chassis No
5 R. C. Book
6 R. T. O. Tax paid up to
7 R.T.O. certificate for bank hypothecation
8 Any HPA Endorsement / remark
9 Fitness certificate valid up to
10 Permit No. Valid up to
11 Insurance Policy No Valid up to
12 Bill No. Date
13 Receipt No. RS.
14 Valuation report
15 Duplicate Key Obtained / not obtained
16 Bank’s Name Plate Displayed /
Not displayed
17 No claim discount (%) given in the policy %
18 Driving License No. Valid up to
C Comments in respect of condition of the Vehicle:
1 Body / Tin work
2 Colour
3 Pollution control checked on
4 Tyre condition
5 Accident details (Last 2 years)
26. 26
Hotel :
Visit Observations
Date of visit Visited by
Sr.
No.
Particulars / Observations
1.0 Hotel Renovation work status to be reviewed. (Separate report attached)
Sr.
Particulars / Observations
No.
2.0 Hotels in nearby area:
Name & Grade Lodging
(Rooms)
Restaurant
Capacity
Veg./ non
Veg
Distance
From
(Km)
2.1 Dining
2.2 Dining
2.3 Dining
2.4 Dining
2.5 Dining
2.6 Dining
2.7 Dining
Sr.
No.
Particulars / Observations
3.0 Vehicles parked in the compound of the hotel:
Type No. Time
3.1 Luxury Buses
3.2 ST Buses
3.3 Pvt. Cars
3.4 2 wheelers
3.5 Cycles
3.6
Sr.
No.
Particulars / Observations
4.0 Cleanliness:
Location Observations Time
4.1 Compound
27. 27
4.2 Reception hall
4.3 Rooms
4.4 Restaurant
4.5 Kitchen
4.6 Stores
Sr.
No.
Particulars / Observations
5.0 Customers in the restaurants:
Restaurant Capacity Occupied Time
5.1 Restaurant
5.2
5.3
5.4
Sr.
No.
Particulars / Observations
6.0 Rooms Occupied at the time of visit:
Room No. Of rooms Occupied Time
Non AC
AC
Deluxe
Maharaja
Conference
Total
Sr.
No.
Particulars / Observations
7.0 Staff Strength:
Category As per Muster On Duty
7.1 GM
7.2 Supervisors
7.3 Head Cook
7.4 Cook
7.5 Steward
7.6 Room service
7.7 Waiters
7.8 Kitchen helpers
28. 28
7.9 Sweepers
7.10 Watchman
Total
Sr.
No.
Particulars / Observations
8.0 Registers / Records:
Name Observations
8.1 Customer Visit Register
8.2 In & Out Register
8.3 KOT
8.4 Power failure register
8.5 Muster / Attendance
cards
8.6 Stock register
8.7 Excise records (Liquor)
8.8 Billing register
8.9 Daily Cash book
8.10 Complaint book
8.11
8.12
8.13
Sr.
No.
Particulars / Observations
9.0 Security arrangement: Own staff / Contract
9.1 No. Of Security personnel:
9.2 On duty at the time of visit:
9.3 Name of the security
agency
9.4 Rate:
Sr.
No.
Particulars / Observations
10.0 Stock at the time of visit: (As per list)
Rs.
10.1 Provision
29. 29
10.2 Ice cream
10.3 Cold drink
10.4 Beer
10.5
10.6
10.7
Total
Sr.
No.
Particulars / Observations
11.0 Fire Fighting Equipment:
Type No.
11.1 Fire extinguishers
11.2 Sand Buckets
11.3 Water Sprinklers
11.4
11.5
11.6
11.7
Sr.
No.
Particulars / Observations
12.0 Hotel Equipment:
Equipment Condition AMC
12.1 DG Set
12.2 Boiler
12.3 Solar system
12.4 EPABX
12.5 Credit card machine
12.6 AC
12.7
12.8
12.9
12.10
30. 30
Gymnasium:
Visit Observations
Date of visit Visited by
Sr.
No.
Particulars / Observations
1.0 Gymnasiums in nearby area:
Name & Grade No. of
Members
Fee scale
Rs.
Distance
From
(Km)
1.1
1.2
1.3
1.4
1.5
1.6
1.7
Sr.
No.
Particulars / Observations
2.0 Vehicles parked in the compound of the Gymnasium:
Type No. Time
2.1 Cars
2.2 2 wheelers
2.3
2.4
2.5
Sr.
No.
Particulars / Observations
3.0 Cleanliness:
Location Observations Time
3.1 Compound
3.2 Reception hall
3.3 Exercise Room
3.4 Equipments
31. 31
3.5 Steam bath
3.6 Massage room
3.7
3.8
Sr.
No.
Particulars / Observations
4.0 Customers in the Gymnasium:
Scheme Capacity Present Time
4.1
4.2
Sr.
No.
Particulars / Observations
5.0 Staff Strength:
Category As per Muster On Duty
GM
Supervisors
Instructor
Dietician
Sweepers
Watchman
Total
Sr.
No.
Particulars / Observations
6.0 Registers / Records:
Name Observations
6.1 Customer Visit Register
6.2 Members Cards
6.3 Suggestion book
6.4 Complaint book
6.5 Receipt book
6.6 Muster / Attendance
cards
32. 32
6.7 Billing register
6.8 Daily Cash book
Sr.
No.
Particulars / Observations
7.0 Security arrangement: Own staff / Contract
7.1 No. Of Security personnel:
7.2 On duty at the time of visit:
7.3 Name of the security
agency
Rate:
7.4 Observation about security
Sr.
No.
Particulars / Observations
8.0 Fire Fighting Equipment:
Type No.
8.1 Fire extinguishers
8.2 Sand Buckets
8.3 Water Sprinklers
8.4
Sr.
No.
Particulars / Observations
9.0 Equipment:
Equipment Condition Warranty AMC
9.1 Gymnasium
9.2 Weighing scale
9.3 Music system
9.4 EPABX
9.5 Credit card machine
9.6 Air Conditioners
9.7
9.8
34. 34
01 Jai Ambe Provision Stores.
Sr.
No.
1.0 Location:
1.1 The shop is located at Charkop, Kandivali-W near Apna Bazar.
2.0 Banking Limits:
2.1 CC limit of Rs.5 Lacs
3.0 Business:
3.1 Grocery & General Stores
3.2 Area of the shop 250 sq. ft.
4.0 Major equipments installed in the shop:
4.1 Weighing scale
4.2 Refrigerator
4.3 Counters, Show cases and other furniture
5.0 Ownership:
5.1 Mr. Patel is the proprietor of the shop.
5.2 He is of 45 years of age.
6.0 Financial Data:
6.1 A/C of previous year shows sales of Rs.20 Lacs.
7.0 Security for the loan:
7.1 Stock & Book debts
7.2 Shop
8.0 GM has requested you to:
8.1 Visit the shop and submit your report. Prepare the checklist of
observations to be made at the time of visit.
8.2 Compile checklist for obtaining information from the borrower.
8.3 Give your comments on Strength, Weakness, Opportunity and Threats
(SWOT) of the borrower.
8.4 How you will verify stock & Book debts?
35. 35
02 Alok Wine Shop
Sr.
No.
1.0 Location:
1.1 The shop is located at Dadar on Dr. B. A. road.
2.0 Banking Limits:
2.1 CC limit of Rs.10 Lacs
3.0 Business:
3.1 Wine mart.
3.2 Area of the shop 250 sq. ft. & Godown of 200 sq. ft.
4.0 Major equipments installed in the shop:
4.1 Deep fridge
4.2 Counters, Show cases and other furniture
5.0 Ownership:
5.1 Mr. Shah & Mr. Kothari are partners of the shop.
5.2 Both the partners are in the age group of 55-60 years.
6.0 Financial Data:
6.1 A/C of previous year shows sales of Rs.60 Lacs.
7.0 Security for the loan:
7.1 Stock & Book debts.
7.2 Collateral security of LIC Policy.
8.0 GM has requested you to:
8.1 Visit the shop and submit your report. Prepare the checklist of
observations to be made at the time of visit.
8.2 Compile checklist for obtaining information from the borrower.
8.3 Give your comments on Strength, Weakness, Opportunity and Threats
(SWOT) of the borrower.
8.4 How you will verify stock & Book debts?
36. 36
03 Damodar Chemist.
Sr.
No.
1.0 Location:
1.1 The shop is located at Borivali on L. T. Road.
2.0 Banking Limits:
2.1 CC limit of Rs.5 Lacs
3.0 Business:
3.1 Medical & General Stores
3.2 Area of the shop 750 sq. ft.
4.0 Major equipments installed in the shop:
4.1 Refrigerator
4.2 Counters, Show cases and other furniture
5.0 Ownership:
5.1 Mr. Damodar is the proprietor of the shop.
5.2 He is of 55 years of age. His son Aryan age 25 years helps him in the
business.
5.3 No. Of staff members: 15
6.0 Financial Data:
6.1 A/C of previous year shows sales of Rs.40 Lacs.
7.0 Security for the loan:
7.1 Stock & Book debts
7.2 Shop
8.0 GM has requested you to:
8.1 Visit the Shop and submit your report. Prepare the checklist of
observations to be made at the time of visit.
8.2 Compile checklist for obtaining information from the borrower.
8.3 Give your comments on Strength, Weakness, Opportunity and Threats
(SWOT) of the borrower.
8.4 How you will verify stock & Book debts?
37. 37
04 Marathe Saree Emporium.
Sr.
No.
1.0 Location:
1.1 The shop is located at Dadar on Ranade Road.
2.0 Banking Limits:
2.1 CC limit of Rs.15 Lacs
2.2 Term loan Rs.5 Lacs
3.0 Business:
3.1 Saree shop of exclusive Sarees.
3.2 Area of the shop 1000 sq. ft.
4.0 Major equipments installed in the shop:
4.1 Counters, show cases and other furniture.
5.0 Ownership:
5.1 Mr. Marathe is the proprietor of the shop.
5.2 He is of 65 years of age. His son Aryan age 35 years & his daughter in
law help him in the business.
5.3 No. Of staff members: 10
6.0 Financial Data:
6.1 A/C of previous year shows sales of Rs.75 Lacs.
7.0 Security for the loan:
7.1 Stock & Book debts
7.2 Shop
7.3 Furniture & Fixtures in the shop.
8.0 GM has requested you to:
8.1 Visit the Shop and submit your report. Prepare the checklist of
observations to be made at the time of visit.
8.2 Compile checklist for obtaining information from the borrower.
8.3 Give your comments on Strength, Weakness, Opportunity and Threats
(SWOT) of the borrower.
8.4 How you will verify stock?
38. 38
05 Sahani Petrol Pump
Sr.
No.
1.0 Location:
1.1 The petrol pump is located at Bandra on Hill Road.
2.0 Banking Limits:
2.1 CC limit of Rs.5 Lacs
3.0 Business:
3.1 Petrol pump, Car service center etc.
3.2 Area of the petrol pump 1000 sq. ft.
4.0 Major equipments installed in the shop:
4.1 5 dispensing units of petrol & 1 dispensing unit of Diesel.
4.2 Storage tank of 30000 litres for petrol & 10000 litres for Diesel.
4.3 Counters, show Cases and other furniture
4.4 Petrol & Diesel is also sold on credit of 1 month to regular customers.
5.0 Ownership:
5.1 Mr. Sahani is proprietor of the shop.
5.2 He is of 55 years of age.
5.3 No. Of staff members: 20
6.0 Financial Data:
6.1 A/C of previous year shows sales of Rs.90 Lacs.
7.0 Security for the loan:
7.1 Stock & Book debts
8.0 GM has requested you to:
8.1 Visit the Petrol pump and submit your report. Prepare the checklist of
observations to be made at the time of visit.
8.2 Compile checklist for obtaining information from the borrower.
8.3 Give your comments on Strength, Weakness, Opportunity and Threats
(SWOT) of the borrower.
8.4 How you will verify stock & Book debts?
39. 39
06 Sure Success Computer Classes
Sr.
No.
1.0 Location:
1.1 The Class is located at Lokhandwala Complex, Andheri.
2.0 Banking Limits:
2.1 Term loan of Rs.35 Lacs
3.0 Business:
3.1 Computer Class.
3.2 Area of the shop 750 sq. ft.
4.0 Major equipments installed in the shop:
4.1 Computers, Printers etc.
4.2 Computer Trollies.
5.0 Ownership:
5.1 Mr. D’souza is the proprietor of the shop.
5.2 He is of 55 years of age. He is computer hardware engineer.
5.3 No. Of staff members: 10
6.0 Financial Data:
6.1 A/C of previous year shows Fee receipts of Rs.25 Lacs.
7.0 Security for the loan:
7.1 Computers.
7.2 Shop
7.3 Furniture & Fixtures.
8.0 GM has requested you to:
8.1 Visit the Class and submit your report. Prepare the checklist of
observations to be made at the time of visit.
8.2 Compile checklist for obtaining information from the borrower.
8.3 Give your comments on Strength, Weakness, Opportunity and Threats
(SWOT) of the borrower.
8.4 How you will verify security?