Businesses, banks and lenders: CA certificates
Turnover, net worth, working capital, stock and end-use certificates that banks and lenders ask businesses for.
Certificates in this group
- Turnover certificate
- Net worth certificate for bank finance
- Net worth certificate for a bank guarantee
- Working capital certificate
- KYC certificate confirming a sole proprietorship
- Profitability certificate
- Paid-up capital and shareholding certificate
- Plant and machinery investment certificate
- Promoter margin certificate
- Group turnover certificate
- Solvency certificate
- Stock statement and drawing power certificate
- Book debt ageing certificate
- End use or fund utilisation certificate
- CMA data examination report
- Guarantor net worth certificate
- Interest subvention or subsidy claim certificate
- Loss or claim quantification certificate
- PLI incremental sales and investment certificate
- State industrial subsidy claim certificate
- Dealership fund availability certificate
- Net worth or solvency certificate for a licence
Turnover certificate
States the turnover of a business for the years asked for, from audited or filed figures.
- Who asks
- Banks, tender bodies, GeM and OEMs
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Turnover Certificate
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- GST returns for the period covered
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Net worth certificate for bank finance
States the net worth of a borrower or business for a loan.
- Who asks
- Banks and NBFCs
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Net worth Certificates for Bank finances
Documents to keep ready (5)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- Proof of each asset: property documents, investment and deposit statements
- Loan statements showing outstanding balances on the certificate date
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Net worth certificate for a bank guarantee
States the net worth of the applicant for a bank guarantee.
- Who asks
- Banks issuing guarantees
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Net worth Certificates for Bank Guarantee
Documents to keep ready (5)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- Proof of each asset: property documents, investment and deposit statements
- Loan statements showing outstanding balances on the certificate date
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Working capital certificate
States current assets, current liabilities, net working capital and the current ratio.
- Who asks
- Banks and tender bodies
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Working Capital Certificate/Net Working Capital Certificate
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
KYC certificate confirming a sole proprietorship
Confirms to a bank that the applicant carries on business as a sole proprietor.
- Who asks
- Banks opening a current account
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Certificate issued for KYC purpose to banks confirming sole proprietorship
Documents to keep ready (4)
- PAN and Aadhaar of the applicant
- GST, Udyam or shop registration of the business
- Proof of the business address
- Income-tax returns with computations for the years covered
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Profitability certificate
States profit after tax and EBITDA, usually for three years.
- Who asks
- Banks and tender bodies
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Plant and machinery investment certificate
States the investment in plant and machinery, for MSME classification or state incentives.
- Who asks
- State industry departments and banks
- Typical turnaround
- 3–10 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Fixed asset register
- Purchase invoices for plant and machinery
- Audited financial statements for the years covered
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Promoter margin certificate
States the promoter's contribution to a project, for schemes such as CGTMSE and PMEGP.
- Who asks
- Banks lending under CGTMSE or PMEGP
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Bank statements for the period asked for
- Proof of the promoter's contribution
- Loan sanction letter or facility terms
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Group turnover certificate
States the combined turnover of a group of related entities.
- Who asks
- Banks and tender bodies
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Turnover Certificate
Documents to keep ready (3)
- PAN and registration documents of each entity
- Audited financial statements of each entity
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Solvency certificate
States the solvency of the applicant. Many tenders ask for a bank solvency certificate instead.
- Who asks
- Tender bodies and licensing authorities
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- Proof of each asset: property documents, investment and deposit statements
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Stock statement and drawing power certificate
Certifies stock and receivables and the drawing power under a working capital limit.
- Who asks
- Banks with a cash credit or working capital limit
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Stock records and valuation for the month
- Debtors and creditors lists
- Loan sanction letter or facility terms
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Book debt ageing certificate
Certifies receivables by age, for the bank's drawing power calculation.
- Who asks
- Banks with a working capital limit
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Debtors ledger with invoice dates
- Loan sanction letter or facility terms
The CA confirms the final list when you start. No certificate is issued on provisional figures.
End use or fund utilisation certificate
Certifies how a loan was used against the purpose it was sanctioned for.
- Who asks
- Banks and lenders
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Loan sanction letter or facility terms
- Bank statements for the period asked for
- Invoices and payments made from the loan
The CA confirms the final list when you start. No certificate is issued on provisional figures.
CMA data examination report
An examination report on projected financials (CMA data). It is a SAE 3400 report, not a certificate.
- Who asks
- Banks assessing working capital or term loans
- Typical turnaround
- 3–10 working days after complete documents
- Basis
- SAE 3400 (examination of prospective financial information)
- UDIN category
- Audit and Assurance Functions: Prospective Financial Statements As per SAE 3400
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- Projected financial statements and the assumptions behind them
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Guarantor net worth certificate
States the net worth of a person standing guarantee for a loan.
- Who asks
- Banks and NBFCs
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Net worth Certificates for Bank finances
Documents to keep ready (4)
- PAN and Aadhaar of the applicant
- Proof of each asset: property documents, investment and deposit statements
- Loan statements showing outstanding balances on the certificate date
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Interest subvention or subsidy claim certificate
Certifies the figures behind an interest subvention or subsidy claim.
- Who asks
- Banks and scheme authorities
- Typical turnaround
- 3–10 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Scheme guidelines and claim format
- Loan account statements
- Audited financial statements for the years covered
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Loss or claim quantification certificate
Quantifies a loss or claim from the books, for an insurer or counterparty.
- Who asks
- Insurers and counterparties
- Typical turnaround
- 3–10 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Books of account and ledgers for the period covered
- Evidence of the loss event
- The claim or policy terms
The CA confirms the final list when you start. No certificate is issued on provisional figures.
PLI incremental sales and investment certificate
Certifies incremental sales and investment for a Production Linked Incentive claim.
- Who asks
- Ministries and PLI scheme agencies
- Typical turnaround
- 3–10 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (5)
- PAN and registration or incorporation documents of the entity
- PLI approval letter and scheme format
- Audited financial statements for the years covered
- GST returns for the period covered
- Fixed asset register
The CA confirms the final list when you start. No certificate is issued on provisional figures.
State industrial subsidy claim certificate
Certifies investment and eligibility figures for a state subsidy claim, such as T-IDEA or the Andhra Pradesh and Karnataka policies.
- Who asks
- State industry departments
- Typical turnaround
- 3–10 working days after complete documents
- Basis
- T-IDEA (Telangana) and the Andhra Pradesh and Karnataka industrial policies
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Subsidy sanction or policy claim format
- Fixed asset register and purchase invoices
- Audited financial statements for the years covered
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Dealership fund availability certificate
States the funds available to an applicant for a dealership, for example an oil marketing company outlet.
- Who asks
- Oil marketing companies and other principals
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and Aadhaar of the applicant
- Bank statements for the period asked for
- Proof of each asset: property documents, investment and deposit statements
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Net worth or solvency certificate for a licence
States net worth or solvency for an excise or other licence application.
- Who asks
- Excise and other licensing authorities
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- Proof of each asset: property documents, investment and deposit statements
- The format prescribed by the bank, embassy or authority, if it has one
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Common questions
Which certificates are in the businesses, banks and lenders group?
Turnover certificate; Net worth certificate for bank finance; Net worth certificate for a bank guarantee; Working capital certificate; KYC certificate confirming a sole proprietorship; Profitability certificate; Paid-up capital and shareholding certificate; Plant and machinery investment certificate; Promoter margin certificate; Group turnover certificate; Solvency certificate; Stock statement and drawing power certificate; Book debt ageing certificate; End use or fund utilisation certificate; CMA data examination report; Guarantor net worth certificate; Interest subvention or subsidy claim certificate; Loss or claim quantification certificate; PLI incremental sales and investment certificate; State industrial subsidy claim certificate; Dealership fund availability certificate; Net worth or solvency certificate for a licence.
How long do these certificates take?
Typical turnaround after complete documents: 1–2 working days for simple balance-sheet or bank certificates; 3–10 working days for dgft, rera and valuation certificates. These are typical ranges, not statutory periods.
Who signs the certificate and how is it verified?
The Chartered Accountant signs with a Class-3 DSC and generates a UDIN on the ICAI UDIN portal. The bank or authority can verify the UDIN at udin.icai.org.