Project Implementation & Disbursement Cell

Checklist for availing disbursements of term loans under various schemes of the Corporation.

1. C.A. certificate in the prescribed format, which is enclosed. Please note that the C.A. certificate should be complete in all respects as per the instructions contained therein.

2. Compliance report of special conditions given in the Letter of Intent (LOI) along with documentary proof, wherever required. Photo copies of documents should be signed by the MD of the Company/Authorized signatory.

3. Insurance cover of the fixed assets in the joint names of the Company and financial institutions covering full value and all risks.

4. Item wise details of expenditure incurred on plant and machinery / MFA. Photocopies of Bills/ receipts of advances from suppliers for major amount.

5. No lien account number, name of bank and branch.

6. Efforts in regard to tie up of working capital requirement of the company.

PROFORMA OF C.A. CERTIFICATE

We hereby certify that M/s. …………………………………………………… has incurred that the following expenditure and raised funds up to ………………………. for their project located at ……………………………….. for the manufacture of …………………….

		Application		Approved Cost (Rs. in lacs)	Expenditure incurred (Rs. in lacs)
1.		i) Cost of Land including Registration ii) Site Development	: :
2.		i) Factory ii) Non Factory iii) Auxiliary iv) Material at Site v) Architech Fee	: : : : :
3.		PLANT & MACHINERY
		a) Imported i. CIF Value ii. Custom Duty iii. Clearing forwarding & in land freight. b) Indigenous c) Erection & Installation d) Foundation	: : : :
4.		Misc. Fixed Assets	:
5.		Technical know-how fee	:
6.		Expenses on foreign technicians & training of Indian technicians abroad.	:
7.		Preliminary Expenses	:
8.		Pre-operative Expenses Salaries: i. Promoter/Directors ii. Other Staff Travel & Conveyance: i. Promoter/Director ii. Office Expenses Interest Consultancy charges Miscellaneous (Processing, commitment, legal charges & insurance) Start up expenses Public issue expenses	: : :
9.		Contingencies
10.		Margin money Security deposits Stock Cash
11.		Advance to: i) Machinery suppliers (with name of suppliers) ii) Building contractor (with name of contractor) iii) Promoters / Directors iv) Staff v) Margin money wit the Bank of foreign L.C.
		TOTAL
		Application		Approved Cost (Rs. in lacs)	Expenditure incurred (Rs. in lacs)
		SOURCES :
1.		Share Capital - Authorised - Subscribed - Paid up - Advance against Share Capital Promoters RIICO Other financial Institutions Public
2.		Seed Capital
3.	Term Loans - RIICO - RFC - Others
4.	Central Subsidy
5.	Unsecured Loans
6.	Creditors - Against Capital goods - Others
	TOTAL

We have checked the books of accounts, vouchers, invoices, etc. of the Unit and certify that the aforesaid information are verified and certified to be true. We also certify that all the aforesaid items have been duly paid for money and no credit is raised against these in the books of accounts.

Signature with Name and

Membership Number

(SEAL)

Place:

Dated:

Note:-

1) C.A. certificate should be accompanied by the list of share holders and persons depositing advance against equity amounts against each and unsecured loans.

2) C.A. certificate should be given on the C.A. firm’s letter head, with Seal and Membership number.

AUTHORITY LETTER

(To be given by the promoter Director of the company on the Company’s letter head)

I, (name) ……………………Director of (name of the Company with address of the Regd. Office and project location) do hereby authorize Shri (name of the Authorised Representative with address of his firm or name of the Company’s employee with his designation) to represent the company/me in connection with the financial assistance (viz. Term Loan, Equity participation etc.) sanctioned by RIICO to the Company and produce and explain the documents/accounts connected therein and to attend generally in all the matters mentioned herein above.

He is also authorized to receive the cheques/ demand drafts given by RIICO against the facilities sanctioned to the Company and to issue receipts thereof.

I further agree to confirm and ratify all proceedings or statements, receipts or acts done by him.

………………………………………

(Signature of the Authorised person)

For (name of the Co.)

Signature

Director

Place:

Date: