(On the Letterhead of Chartered Accountant Firm)
Date: _______________
To,
The Branch Manager
________________ Bank / Financial Institution
Branch: ______________________
Certificate of Debt Service Coverage Ratio (DSCR)
We have examined the audited financial statements/books of accounts and other relevant records and information of M/s __________________________ (“the Entity”), having its registered office at _______________________________________, for the financial year ended on ________________, as produced before us.
Management’s Responsibility
The preparation of the financial information and maintenance of proper books of accounts and supporting documents are the responsibility of the management of the Entity.
Practitioner’s Responsibility
Our responsibility is to provide a certificate based on the examination of books, records, audited financial statements and information/explanations provided to us.
Based on our verification and according to the information and explanations given to us, we hereby certify that the Debt Service Coverage Ratio (DSCR) of the Entity for the financial year ended _____________ is as under:
Computation of DSCR
| Particulars | Amount (Rs.) |
| Profit After Tax (PAT) | XXXXX |
| Add: Depreciation & Amortisation | XXXXX |
| Add: Interest on Term Loans | XXXXX |
| Add: Other Non-Cash Expenses | XXXXX |
| Cash Accruals Available for Debt Servicing | XXXXX |
| Interest on Term Loans | XXXXX |
| Current Maturity of Long-Term Debt / Principal Repayment | XXXXX |
| Total Debt Service Obligations | XXXXX |
| Debt Service Coverage Ratio (DSCR) | XX : XX |
Formula Used:
This certificate is issued at the specific request of the client for submission to __________________ Bank / Financial Institution for the purpose of ______________________________ and should not be used for any other purpose without our prior written consent.
This certificate is based on the records and documents produced before us and the explanations provided by the management.
For __________________ & Co.
Chartered Accountants
(Firm Registration No. ____________)
Signature: ___________________
Name of CA: __________________
Membership No.: ______________
UDIN: _______________________
Place: ______________________
Date: _______________________
