(On the Letterhead of Chartered Accountant Firm)
Date: _______________
To,
The Branch Manager
____________________________ Bank / Financial Institution
Branch: _______________________
Certificate for Working Capital Assessment
We have examined the books of account, audited financial statements, stock statements, financial records and other relevant information and explanations provided to us by the management of M/s ____________________________ (“the Entity”), having its registered office at ________________________________________, for the financial year/period ended _____________________.
Management’s Responsibility
The preparation of financial information, statements relating to working capital assessment, maintenance of proper books of account and supporting records are the responsibility of the management of the Entity.
Practitioner’s Responsibility
Our responsibility is to issue this certificate based on our examination of the books of account, financial statements, records and other information and explanations made available to us.
Based on our verification and according to the information and explanations given to us, we hereby certify that the working capital position of the Entity as on __________________ is as under:
Annexure – Working Capital Assessment Statement
- Current Assets
| Particulars | Amount (Rs.) |
| Raw Material Inventory | XXXXX |
| Work-in-Progress | XXXXX |
| Finished Goods | XXXXX |
| Stores & Spares | XXXXX |
| Trade Receivables | XXXXX |
| Cash & Bank Balances | XXXXX |
| Advances & Other Current Assets | XXXXX |
| Total Current Assets (A) | XXXXX |
- Current Liabilities
| Particulars | Amount (Rs.) |
| Sundry Creditors | XXXXX |
| Outstanding Expenses | XXXXX |
| Statutory Liabilities | XXXXX |
| Short-term Borrowings | XXXXX |
| Current Maturity of Long-term Debt | XXXXX |
| Other Current Liabilities | XXXXX |
| Total Current Liabilities (B) | XXXXX |
- Net Working Capital
| Particulars | Amount (Rs.) |
| Total Current Assets (A) | XXXXX |
| Less: Total Current Liabilities (B) | XXXXX |
| Net Working Capital | XXXXX |
- Maximum Permissible Bank Finance (if applicable)
| Particulars | Amount (Rs.) |
| Total Current Assets | XXXXX |
| Less: Current Liabilities (other than bank borrowings) | XXXXX |
| Working Capital Gap | XXXXX |
| Less: Margin stipulated by Bank | XXXXX |
| Eligible Bank Finance | XXXXX |
This certificate is issued at the specific request of the Entity for submission to ____________________________ for the purpose of working capital assessment/credit facilities and should not be used for any other purpose without our prior written consent.
This certificate is based on the books of account, records and documents produced before us and explanations provided by the management.
For __________________ & Co.
Chartered Accountants
(Firm Registration No. ____________)
Signature: ___________________
Name of Chartered Accountant: ___________________
Membership No.: ___________________
UDIN: ___________________
Place: ___________________
Date: ___________________
