Chartered Accountant

Topics: Debt, Stock, Balance sheet Pages: 15 (2160 words) Published: May 14, 2013
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Subject: Stock Audit Report of ……………
conducted between 8th ……….. To 14th ……………

Name & Address of the Borrower Company
M/s ………………….
No 2, First Floor,
Constitution: PVT LTD

Nature of Activity
…………………………………………………………...

Description of the Stock Declared
……………………………………………………………

Date of establishment: 2003

Progress of the project: Existing Unit

Audit based on Stocks and Book Debts in their Stock Statement as at ……………………………………………

Date of visit of Stock Auditors;

a) at the bank branch: From
b) at the unit and office of the unit: to
c)
Name of the person who inspected the stock:……………………, Chartered Accountant.

Name of the person from the branch who accompanied the Stock Auditors: ……………………………………….

Name of the branch: ………………………………….

Category of the borrower: …………………….

Asset Classification: ……………………………………

Date of Sanction or renewal: ………………………………………………….

Banking arrangement: Sole/Multiple/Consortium: ………………………………….

Name of the Lead Bank: …………………………………………………..

Date of last consortium meeting held: …………………………………………………. Position of the account as on the date of visit

EXPOSURE:

A. FUND BASED LIMITS
(Amount Rs. in Lakhs) |Facility |Limit |Drawing Power |Balance O/s as on |Vale of Security |Margin |Rate of Interest | | | | |------- | |@20% | | |A. FUND BASED | | | | | | | | | | | | | | | |Working Capital | | | | | | | | | | | | | | | |Total | | | | | | |

INSPECTION OF ACCOUNT AT BRANCH

Terms & Conditions
Ascertain whether all terms and conditions of sanction are Complied with

If no, the terms and conditions which are yet to be complied with

2. Documentation

Whether proper documents including charging of primary and collateral securities obtained.

YES
Date of documentation : …………………

Date of balance confirmation : …………………….

Whether the documents have been vetted by advocated/Legal Department as per the norms of the bank: ……………………..

Whether equitable/simple mortgage of property created: …………………… If not nature of deficiency: …………………………..

Whether stamps of adequate value affixed on documents and also for creating equitable mortgage of property: ………………….. If not give details: ……………………………………………..

Date of vetting/verification of documents

Whether charge on assets properly created (including first charge/ second charge/pari passu charge)—

If not reasons for non-creation of charge:

Details of registration of charge including modification/enhancements

|Whether required, whether charge registered with ROC within |Date of registration of|Date of Certificate |Value of Charge | |prescribed time (Form 8 & 13 filed or not) |charges | |(Rupees in...
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