Working Capital & Factoring

Working Capital

  • Profile of the Company attested by Promoter / Director |
  • Party’s Application for credit facilities (in Bank’sprescribed
  • Copy of Memorandum of Association & Articles of Association
  • Certified copy of Certificate of Incorporation
  • Certified copy of Certificate of Commencement of Business (only for Public Ltd. Companies)
  • SSI Registration Certificate (If the unit is an SSI)
  • Copies of sanction advices with latest outstanding balances (if the company is enjoying credit facilities with other banks) and names of the banks where the accounts are maintained.
    Confidential reports from existing bankers for the last 6
    months should also be submitted.
  • Copies of the resolution passed by the company empowering it to borrow from us
  • Copies of latest available Income Tax / Wealth Tax, Assessment Orders / copies of Returns filed for last 2 years
  • Copies of Income Tax Clearance Certificate of directors
    (in case of Private Ltd. Companies)
  • Copies of Sales Tax / Income Tax, Assessment Orders of the Company
  • Detailed project report (in case of new company)
  • Project report for expansion, if any(in case of an old company)
  • Copies of Audited Balance Sheet, Trading / Manufacturing, Profit & Loss a/c for last
    3 years with a detailed list of sundry creditors and sundry debtors (age-wise sundry debtors i.e.
    up to 90 days – above 90 days and up to 6 months – over 6
  • Projected profit & loss a/c and balance sheet for next 5 years (in case of term loan).
    Quotations from different parties (in case of term loan against machinery).
  • Projected Profit & Loss a/c and Balance Sheet for next 2 years (in case of working capital finance)
  • Cash Flow Statement & Fund Flow Statement for the period stated in 14 & 15 or 16, whichever is applicable
  • Detailed Credit Information Form of directors / guarantors (in Bank’s prescribed format)
  • The estimate cost of production in Bank’s prescribed format (in case of manufacturing companies)
  • Latest Profit & Loss a/c and Balance Sheet of the Associate Firms / Companies
  • Statement ii, if the company requires limit more than Rs.75 lakhs (required to be submitted to the RBI under maximum limit on advances)
  • Details of Collateral Security
  • Search Report from Registrar of Companies.
  • Secretarial Compliance for last 3 years certified by the Company Secretary
  • Copies of Annual Returns filed with ROC
  • Returns for Provident Fund, Professional Tax, SSI, Labor Welfare and all other applicable statutory dues filed with competent authorities for the last 3 years
  • Copy of the Certificate of Registration
  • All original licenses, permissions / certificates, bills and more for verification at the time of our visit to the factory and / or office, as the case may be
  • List of new plant & machinery, if any, with name of supplier quotations.
  • List of existing plant & machinery
  • Capacity post expansion / present installed capacity
  • Basis of installed capacity calculation
  • Photocopy of Sanction Letters from statutory authorities
  • SSI / Factory Registration
  • Factory License
  • Power Sanction
  • NOC from Pollution Control Board
  • Excise Registration
  • Sales Tax Registration
  • IEC Code
  • Approved plans for Current Factory Building
  • Approved plans for any additional construction for Factory Building
  • Details / Status of all the above permissions / sanctions applied for / available / sought
  • RT details for last Financial Year & Current Year till date
  • Sales Tax Paid Challan for last Financial Year & Current Year till date
  • Month wise Sales / Purchase for the last Financial Year Current Year till date
  • Photocopy of the Electricity Bills for the last Financial Year Current Year till date
  • Purchase Order copies


  • Company Profile
  • Copies of Ledger Accounts for last 1 year of all the factorable
    accounts with monthly balance, Summary Statement of number
    of years of relationships with the factorable accounts, Terms of
    Credit, Mode of Payment & Material Supplied
  • Copies of Purchase Orders, Invoices, Payment Advice, Debit /
    Credit notes etc. for factorable client
  • Details of the Bank Accounts (name of the banks, types of
    accounts, details of facilities and outstanding as on date with
    copies of Sanction Letters, Account Statements & latest
    Reconciliation Statements
  • Detail Statement of sundry debtors for factorableclient as on
    date with age
  • References with contact numbers, Details of associates / sister
    concerns, if any
  • Copies of latest challans for payment of statutory dues
  • Copy of Audited Accounts along with Tax Audit Report for the
    last 3 years
  • Details of Sales & Purchases during the last 1 year
  • List of present directors’ Share Holding Pattern & copy of MOA
    and AOA
  • Copies of SSI Registration Certificate & Pollution Control
    Board Approval Certificate (if applicable)
  • PAN Card No., Date of Birth and Residential Address (with
    residence telephone numbers), Full Name (including middle
    name) of the directors
  • Net Worth Statement of the directors
  • Certificate of Incorporation
  • Copy of Annual Return establishing the Shareholding Pattern
  • Proof of Individual Identity to be submitted for all the
    authorized signatories, all Principle Shareholders (with more
    than 10 % shareholding) and at least 2 directors (including
    the Managing Director), in case of sole proprietorships
  • Proof of Identity (Sales / VAT / Service Tax / Excise
    Registration / Registration under shops and Establishment Act/ PAN Card / IT Return / Water / Electricity / Municipal Tax
    Bill / Map in Card in the name of the concern
  • Copy of Form 32 filed with ROC
  • PAN Card / PAN Allotment Letter / Form 60