Early scrutiny/ Preliminary Screening

1.Valid Udyam Registration Certificate for MSME classification

2.PAN & Aadhaar of Proprietor / Partners / Directors / Guarantor / Company / LLP / Trust / Partnership

3.MOA/AOA/COI/Partnership Deed/Trust Deed

4.Copy of valid GST Registration with GSTIN

5. LEI code mandatory where total banking exposure is ₹5 Crore & above

6. Existing Banking arrangement, Details of Current A/c, CC/OD, Term Loan, Other Facilities & Existing Banker(s)

7. Registered Office/Unit premise owner-

Whether Premises is owned by company/firm or on lease/Rent

8. CIC report-Proposal will proceed subject to satisfactory credit history

9. Latest Audited Balance sheet,preceding year, Check important parameters as per your Bank/FI guidelines.

After preliminary scrutiny of the proposal and verification of submitted documents, ensure the following:

  • a unit visit shall be conducted to assess the existence, operations, and overall business activities of the borrower.

  • Market enquiries shall also be carried out to verify the reputation, credibility, and market standing of the borrower.

  • The borrower shall be requested to provide details of proposed collateral security, including ownership documents etc

  • Discuss about the approximate applicable Bank/FI charges including other charges.

  • Indicate the expected/proposed rate of interest (ROI)

  • Initiate the internal risk rating assessment based on latest ABS, as per Bank/FI guidelines.

  • Audited Balance Sheets and P&L accounts for the last 3 years along with 3CB & 3CD

  • CMA Projections-Current Year Estimated + 2 Years Projected Balance sheet

  • Monthly GST sales copy Last Financial year and Current financial year till the date of proposal

  • Obtain the required documents from customer as per the collateral security offered and conduct the valuation/LSR as per Bank/FI guidelines,

  • Obtain copies of applicable statutory licenses, registrations, and regulatory approvals (such as trade license, factory license, pollution clearance, FSSAI, contractor license, etc.) to ensure the business is operating legally and is compliant with regulatory requirements.

  • Networth Certificate -CA Certified or in Bank/FI format along with ITR copies for last 3 years

  • Latest CA Certified Nil Statutory due Certificate

  • CA Certified Book debt statement, with age wise debtors list

  • Stock statement- As per Bank/FI format

  • Latest CA Certified ROC search report

  • Work progress report as per Bank/FI format in case of Contractor/others as applicable

Click here to verify statutory documents