DETAILED PROJECT REPORT

DETAILED PROJECT REPORT

Proposal for Term loan of Rs…… lakh and Working Capital Limit of Rs…….lakh

for setting up a new project for manufacture of ………..

                                                           

I.          INTRODUCTORY, PROMOTERS AND MANAGEMENT

1.         Particulars of the Enterprise:

1.1	Name of the Enterprise
1.2	Constitution (Proprietorship/ Partnership/ Pvt. Ltd. Company/ Public Limited Company/ Limited Liability Partnership/ Cooperative Society
1.3	MSME Status
1.4	MSME Registration No./ Date of Registration
1.5	Date of incorporation / commencement of business
1.6	ROC Number, if applicable
1.7	Address
	Registered Office:
	Administrative Office
	Factory (Whether backward area)

1.8 Industry Status

Industry	Products	Installed Capacity	No of days / Shifts	End uses	Export orientation

2.         Promoters:

2.1.      Brief bio-data of the promoters:  

            Brief background of promoters may be furnished as under. Write up on other companies, if any, promoted by them with which they are associated.

Name of the promoter
Father’s/ Husband’s name
Age (years)
Residential Address
Educational Qualification
Passport No., valid till, place of issue
Permanent Account Number
Relationship with the chief promoter
Experience in what capacity/ industry/ years
Networth as on………………….
Income Tax / Wealth Tax Status
Other concerns interest / in which capacity / financial stake

Detailed biodata may be furnished as per APPENDIX I and networth statement of promoters and guarantors may be furnished as per APPENDIX II.

2.2       Brief financial position / working results of each associate concern

            Brief financial position/ working results of the associate concern(s) for the past …. years is furnished below:

(Rs. lakh)

Name of the Concern/ Location/ Established in	Product	Year/ Period	Sales	Net Profit	Net worth

Details of associate concern(s) may be given as per APPENDIX III.

2.3       Brief history

            Brief history of the unit may be given.

3.         Management and Proposed shareholding pattern:

3.1       Management:

            Brief comments on the management be given.

3.2       Proposed Shareholding Pattern:

The authorised share capital of the company is Rs….. lakh. The shareholding pattern of the company is given below:

S.No	Name of the Directors (S/Shri)	No. of shares	Shareholding
			Rs. lakh	%
1
2
3
4
Total				100

OR

The unit is a partnership firm. The profit/loss of the firm shall be shared by the partners in the following proportion:

S.No	Name of the Partners (S/Shri)	Percentage (%) in case of profit / loss
1
2
3
Total		100.00

II.         TECHNICAL ASPECTS

4.1       Scope of the project:

            Briefly mention scope of the project i.e. what the project is supposed to accomplish to deliver a product or service with the specified features and functions.

4.2       Location-availability of infrastructural facilities:

Locational advantages of premises with reference to absence of civic restrictions, proximity to the source of raw materials, market for the product, availability of power, water, labour and transport may be mentioned. Whether backward area benefits, if any, available.

4.3       Technology:

            Selection of technology, comments on alternative production process, comments on technology (latest/ appropriate/ proven). Discuss the impact of possible changes in technology in future. Indicate technical process whether it is a continuous process. In case of technical collaboration, please furnish a brief write-up on the period of collaboration agreement, the name of the collaborator company, indicating the activities, size, turnover, particulars of the existing plants, and other projects in India and abroad set up with same collaboration. Brief manufacturing process involved may also be given.

4.4       Raw materials/components:

            Details of raw material required and their sources may be indicated.

4.5       Utilities

4.5.1    Power:

Requirement of power depending upon plant and machinery and its availability from State Electricity Board may be mentioned. Back-up arrangement of power by way of DG Set may also be furnished.

4.5.2    Water:

Requirement of water for process/ human consumptions and its availability from Municipality/ bore well may be mentioned.

4.5.3    Fuel:

Details of fuels required depending upon production process and its arrangement of supply may be mentioned.

4.5.4    Others like steam/compressed air etc:

Details of steam/ compressed air required depending upon production process and its arrangement in the project may be mentioned. Capacity of boiler/ compressor may be furnished.

4.6       Effluent disposal:

            Mention about whether the unit falls under green, orange, red categories as per guidelines of State Pollution Control Department. Type of pollutants generated under the process and pollution control measures being taken in the project may be mentioned. Whether the unit has applied/ will apply to State Pollution Control Department for getting consent to establish.

4.7       Manpower:

The requirement of proposed manpower in various cadres viz. executives, technical persons, supervisors,  administrative staff, skilled and unskilled labours and their arrangements being made to be commented upon keeping in view the location of the unit, industry etc.

4.8       Implementation schedule:

Based on the progress already made and other arrangements made by the unit, the implementation schedule for following may be mentioned.

Particulars	Date of Commencement	Expected Date of Completion
Acquisition of Land
Development of Land
Civil Works for - Factory building - Machinery foundation - Administrative Building
Plant & Machinery - Imported - Indigenous
Arrangement for power
Arrangement for water
Erection of equipment
Commissioning
Initial Procurement of Raw Material
Trial Runs
Commercial Production

III.        PROJECT COST AND MEANS OF FINANCE

5.         The broad break-up of cost of project is as under:

                         (Rs. lakh)

S.No.	Particulars	Already incurred	To be incurred		Total Cost
			Firm	Non-firm
1	Land and Site Development
2	Buildings
3	Plant & Machinery – Imported
	Plant & Machinery – Indigenous
4	Miscellaneous Fixed Assets
5	Preliminary expenses
6	Preoperative expenses
7	Contingencies
8	Margin money for working capital
	Total

5.1       Land and site development:

Location, area, purchase price, adequacy, availability for future expansion, comment if land acquired is in proportion to requirement, whether Non-agricultural (NA) permission obtained, freehold or leasehold, if leasehold, who owns, period of lease, whether lease deed registered, whether mortgage of leasehold rights possible, period of lease and adequacy thereof, price and reasonableness thereof, when acquired, land in the name of whom, if not steps taken for transfer to the company, break-up of site development cost viz. leveling & filling, internal roads, barbed wire compound etc. and reasonableness thereof.

Details of site development required and cost may be given in following table. It may be supported by the estimate from the architect.

S. No.	Description of Building	Cost  (Rs. lakh)
(a)	Cost of leveling & development of ………..acres/ sq.mts. of land @ Rs……per acre/ sq. mt.
	Cost of laying roads
(b)	(i) Approach road connecting the factory site to main road ……. running meters @ Rs……per rm.
	(ii) Internal roads for the factory ……. running meters @ Rs……per rm.
(c)	Cost of fencing/ compound wall ……. running meters @ Rs……per rm.
(d)	Cost of ….. Gates
	Total Cost of Site Development

5.2       Buildings:

Details may be furnished in following table:

(Rs. lakh)

S. No.	Description of Building	Type of Construc-tion	Estimated Cost (Rs. lakh)	Area (sq. mts. or sq. fts.)	Cost. per sq. mt. or sq. ft. (Rs.)
(a)	Factory building for the main plant & equipment
(b)	Factory building for auxiliary services like steam supply, water supply, laboratory, workshop etc.
(c)	Administrative building
(d)	Godowns, warehouses and open yard facilities.
(e)	Misc. non-factory buildings like canteen, guest house, time office, excise house etc.
(f)	Quarters for essential staff
(g)	Silos, tanks, wells, chest, basin, cisterns, hoopers bins and other structures which are necessary for installation of plant and equipment and which may be constructed in RCC and such other structural civil engineering materials
(h)	Garages
(i)	Cost of Sewers drainage
(j)	Civil Engineering works not included above
(k)	Architects’ fees
	Total Cost of Building

            Please furnish the particulars of Architect viz. name and address of the architect firm, scope of work, rates quoted and detailed estimate of expenses, fee payable and manner in which payable, time schedule, penalties, past experience of the architect in similar work.

           

5.3       Plant and machinery – imported & indigenous :

            The details of plant and machinery (imported & indigenous) proposed to be acquired may be furnished in following table:

            IMPORTED

 (Rs. lakh)  

S. No.	Name of Machinery and Specification	Quantity	Supplier	Unit Cost in Foreign Currency (CIF)	Foreign Currency	Exchange Rate	Total Cost (Rs. lakh)	Import Duty (%)	Import Duty (Amount)
1
2
3
4
5
6
7
	Total Cost of Imported Machinery

INDIGENOUS

(Rs. lakh)  

S. No.	Name of Machinery and Specification	Quantity	Supplier	Unit Cost in Rupees (Incl. taxes)	Total Cost (Rs. lakh)
1
2
3
4
5
6
7
	Total Cost of Indigenous Machinery

Basis of selection of the suppliers whether based on recent competitive quotations or otherwise, reputation of suppliers and guarantees regarding performance may be mentioned. In case of fabricated equipment, cost should be reasonable and justifiable. In case of imported machinery, details of customs duty may also be given. If second hand machinery, please enclose valuation report regarding age, performance and value from an approved chartered engineer. Also indicate reasons for going in for second hand machinery. Separate mention may be made about towards transportation/ erection/ installation of plant and machinery. In case of imported machinery, details of customs duty may also be given. Separate mention may be made about towards transportation/ erection/ installation of plant and machinery.

If any consultant is engaged, following details may be furnished:

(a) Name and address of the consultants

(b) Fees payable and the manner in which payable

(c) Scope of work assigned to them

(d) Brief particulars of consultants including organisational set-up, bio data of senior personnel, names of directors/ partners, particulars of work done in the past and work on hand.

5.4       Misc. fixed assets:

The details of miscellaneous fixed assets proposed to be acquired may be furnished in following table.

(Rs. lakh)  

S. No.	Name of MFA and Specification	Quantity	Supplier	Unit Cost in Rupees (Incl. taxes)	Total Cost (Rs. lakh)
1
2
3
4
5
6
7
	Total Cost of MFAs

Basis of selection of the suppliers whether based on recent competitive quotations or otherwise, reputation of suppliers and guarantees regarding performance may be mentioned.

5.5       Preliminary expenses:

            Expenses before incorporation of the company may be furnished in following table.

S. No.	Nature of expenses	Rs. lakh
(a)	Brokerage & commission on capital
(b)	Other capital issue expenses (legal, advertisement, printing stationary etc.)
(c)	Other preliminary expenses (company flotation & other initial expenses)
	Total Preliminary Expenses

5.6       Pre-operative expenses:

            Pre-operative expenses may be furnished in following table.

S. No.	Nature of expenses	Rs. lakh
(a)	Establishment
(b)	Rent, rate & taxes
(c)	Traveling expenses
(d)	Misc. expenses
(e)	Interest during construction period
(f)	Insurance during construction including erection insurance
(g)	Mortgage expenses (stamp duty, registration charges and other legal expenses) (….% on loan of Rs. …. lakh)
(h)	Upfront fee for sanction of term loan
(i)	Security Deposit with Electricity Board and charges for power connection
	Total Pre-operative Expenses

5.7       Contingencies:

            Contingencies may be related to non-firm cost on building, plant & machinery and Misc. fixed assets.

5.8       Margin money for working capital:

Margin money for working capital for first full year of projections either based on Nayak Committee Method (upto working capital limit of Rs.5 crore in respect of SSI units) or Second Method of Lending may be mentioned.

6.         Means of finance:

            The proposed means of finance is as under:

                                                                                                                         (Rs. lakh)                  

Sl No	Particulars	Amount already raised	Amount proposed to be raised	Total Amount
1	Share capital/ Partner’s Capital/ Proprietor’s capital
2	Subsidy- Central/ State Government
3	Interest free unsecured loans
4	Term loan from Bank
	Total

IV.        ARRANGEMENTS MADE/PROPOSED TO BE MADE FOR WORKING CAPITAL

7.         Proposed arrangement for sanction of working capital limit from Bank or own sources may be mentioned.

V.         INDUSTRY/ MARKET AND SELLING ARRANGEMENTS

8.1       Industry Overview and Future Outlook:

Prospects of the industry may be mentioned here. Government Policies and   Regulations WTO related issues, Demand Supply Scenario, Competitor Analysis etc. may be covered.

8.2       Marketing & Selling Arrangements:

Details regarding main markets (locations), competitors, how does the unit propose to meet the competition, how does the unit's product compare with those of its competitors, any USP or specific market strength, whether product has multiple applications, distribution channels (e.g. direct sales, retail network, distribution network), Marketing team details, if any, firm tie up, orders on hand, details of marketing study done, if any, may be mentioned here.

VI.        FINANCIAL VIABILITY

Detailed profitability assumptions may be given as per APPENDIX IV. Detailed profitability estimates, projected cash flow statements, projected balance sheet, break even analysis, working capital computation, Debt Service Coverage Ratio and Internal Rate of Return calculations may be prepared as per Excel file (Profitability_Projections) and be attached as ANNEXURES I to XIV. Indicate the critical assumptions and give meaningful comments on projected capacity utilisation, selling prices assumed for finished products/ raw materials, gross profit percentage compared to industry average, indicate the critical factors on which viability depends.

VII.       STRENGTH/ WEAKNESS

Such as market standing, product/ service differentiation, technical expertise, infrastructure facilities etc.

VIII.      FINANCIAL ASSISTANCE SOUGHT FROM BANK

Amount of term loan and/ or working capital limit sought from the Bank may be mentioned. Repayment period in respect of term loan sought from the Bank, including repayment holiday may be mentioned.

IX.        DETAILS OF SECURITIES OFFERED TO THE BANK

(a) Primary (working capital and term loan securities to be indicated separately)

(b) Collateral (full details)

(c) Details of personal and corporate guarantees, if any

Signature of the Borrower

Date:

Place:

List of Enclosures

APPENDIX I	Bio-Data of the Promoter
APPENDIX II	Net worth Statement of the Promoter
APPENDIX III	Details of the associate concern (if applicable)
APPENDIX IV	Assumptions underlying profitability estimates
ANNEXURE I	Cost of Project and Means of Finance
ANNEXURE II	Projections of Performance & Profitability
ANNEXURE III	Projected Cash Flow Statement
ANNEXURE IV	Projected Balance Sheet
ANNEXURE V	Calculation of Margin Money for WC & Assessment of WC
ANNEXURE VI	Calculation of Depreciation
ANNEXURE VII	Calculation of Interest on Term Loan from Bank
ANNEXURE VIII	Break Even Point
ANNEXURE IX	DSCR
ANNEXURE X	Calculation of IRR & NPV
ANNEXURE XI	Cost of Capital
ANNEXURE XII	Return on Capital Employed
ANNEXURE XIII	Tax Provision

Other Documents

1	Audited Financial statements for the last three years of all the associate concerns of the applicant unit (if applicable)
2	Certified copy of Memorandum and Articles of Association/ Certificate of Incorporation/ Certificate of Commencement of business/ Partnership Deed/ Trust Deed/ Bye-laws/ Registration Certificate from Registrar of firms/ Societies, as the case may be.
3	IT/ Wealth Tax assessment orders/ returns/ certificates for the last 3 years in the respect of the promoters.
4	Photocopy of PAN card of all the promoters/ directors/ guarantors
5	Know Your Customer (KYC)* Documents of all the promoters/ directors/ guarantors.
6	Photograph of all the promoters/ directors/ guarantors with signatures duly certified by their bankers/ as per extant guidelines
7	MSME registration certificate
8	Collaboration agreement, if applicable
9	Agreement with Technical consultants, if any
10	Title Documents such as Sale/ lease deed/ agreement for the land and buildings on which the project is to be operated/ set up and of collateral securities, if any.
11	Govt. order/ permission converting the land into industrial land, if required.
12	Agreement with the electricity board for sanction of requisite power load
13	No objection certificate/ Consent to establish obtained from the pollution control board
14	Orders/ enquiries in hand for the output of the proposed project
15	Invoices/ quotations for each item of plant & machinery and miscellaneous fixed assets proposed to be purchased under the project alongwith a write up on the technical specifications, advantages, etc. of the machinery.
16	Detailed estimates for civil construction with bio-data of the builder/ architect.
17	In-principle letter of sanction for working capital assistance to the applicant unit given by a Bank.
18	In case some portion of the expenditure has already been incurred, please furnish necessary proofs (cash receipts) alongwith a CA certificate with regard to sources of finance, items of expenditure, etc.
19	In case the applicant unit has been promoted by a Company, please furnish Memorandum and Articles of Association and Audited Balance Sheet and Trading and Profit & Loss A/cs for the past three years of the promoter company

           

* Please refer to Page No.21-24 for KYC Documents

APPENDIX I                                                                                                           

Bio-Data of the Promoter

Details of Proprietor/ Partners/ Managing Partner/

Promoters/ Directors/ Managing Director

(Please indicate inter-relationship, if any, among the partners/ directors/ promoters)

Full Name
Name of the Father/ Husband
Relationship with the chief promoter:
Residential Address
State
Tel. No.
Mobile No.
Permanent Address
Personal Details :
Age
Sex
Academic Qualification
Passport No., Place of issue, Validity Period
PAN Card No., Date of Issue
IT/ Wealth Tax Status
Mention, if belongs to Scheduled Castes/ Scheduled Tribes/ Minority Community)
Mention, if Ex-serviceman
Mention, if first generation entrepreneur
Experience in similar line of activity
Experience in any other line of activity
Functional responsibilities in the unit
Share Holding in the unit (existing)
Share Holding in the unit (proposed)
Any other relevant information

Contd….

APPENDIX I (Contd.)                                                                                                            

If associated as proprietor/ partner/ director/ shareholder with firms other than the applicant unit, please furnish Name and address of the branch/ associates/ identical firms (details to be furnished separately)

Name of unit	Capacity in which associated	Address of the unit	Dealing Bank details (Name & Address)

Details of credit facilities enjoyed with other banks in personal capacity

Type of facility	Dealing Bank details (Name and Address)	Account Number	Amount of facility	Outstanding Balance	Rate of Interest (%)

Place :
Date :                                                                                      Signature

   _________________________________________________________________________________

Bio-data of each promoter director to be furnished in the above format.

APPENDIX II

Net worth Statement of the Promoter

(All Amounts in Rs. lakh unless otherwise specified)

1	Name
2	Address:
	Residential
	Office

3(a) DETAILS OF ASSETS

(i)	Cash on hand
(ii)	Bank Balance
(iii)	Stock in trade
(iv)	Details of other securities like Govt bond/ Shares
(v)	Investment in business
(vi)	Others
	Total

3(b) IMMOVABLE PROPERTIES

Sl. No.	Location & Address	Type of property (Agri./ Industrial/ Residential etc.	Area/ Extent	Self/ Ancestral	Value (Rs. lakh)	Details of encumbrances
(i)
(ii)
(iii)
Total

Note : Basis of valuation may be indicated.

3(c) LIABILITIES

Sr. No.	Borrowings from	Secured by	Amount still to be paid
(i)
(ii)
(iii)
Total liabilities

4. SUMMARY

Value of liquid assets
Value of immovable properties
Total Assets
Less: Total Liabilities
Net Assets
Profit in Business

Note : Guarantees/acceptances given to banks may also be indicated.

I declare that the above particulars are true to the best of my knowledge and belief.

 
Place :
Date :                                                                                      Signature

_________________________________________________________________________

Net worth statement of all promoter directors to be furnished in the above format

Mention if any Government enquiry, proceedings or prosecution has been instituted against the promoters/ directors for any offenses? if yes, please give details.

Please indicate whether any of the promoters or directors have at any time declared themselves as insolvent.

APPENDIX III

Details of the associate concern

Name of associate concern
Address
Nature of activity/ product
Location
Established in
Names of the promoters who are interested in associate concern (pl indicate in what capacity) and their financial stake

Financial Position and Working Results

	FY……	FY……	FY…….
Share capital
Reserves & surplus
Net worth
Total income
Gross profit
Interest
Depreciation
Net profit

Dealing with Bank

Dealing bank details (Name, Address etc.)	Date of sanction/ last renewal	Purpose of loan	Amount/ Limit sancti-oned	Details of Security (incl. collateral, if any) and Value	Outstanding as on date	Interest Rate (%)	Defaults (if any)

Associate Concern: B

Associate Concern: C

APPENDIX IV

Assumptions underlying profitability estimates

Sr. No.	Particulars	Assumptions
1	The project would commence commercial operation from ---------------- and would operate --------- days a year on ------ shift basis.
2	Installed Capacity per annum would be as under	Units/MTs
	(i) Product I
	(ii) Product II
	(iii) Product III
3	The capacity utilisation has been assumed as under	Percentage
	FY..  (Ist yr)
	FY..  (2nd yr)
	FY..  (3rd yr)
	FY..  (4th yr) onward
4	The selling prices have been assumed as under	Rs. per Kg/ MT
	(i) Product I
	(ii) Product II
	(iii) Product III
5	The raw material prices have been assumed as under	Rs. per Kg/ MT
	(i) Raw Material A
	(ii) Raw Material B
	(iii) Raw Material C
6	Power consumption is estimated at --------- KVA. Power tariff from Electricity Board has been assumed at Rs….. per KW.
7	Fuel consumption is estimated at ----------------and charges per unit has been estimated at Rs. ------------.
8	Repairs and maintenance have been assumed at …. % of building, …% of Plant & Machinery and % of MFAs with ….% percentage increase every year
9	Selling expenses have been assumed at  --% of net sales.
10	Administrative expenses have been assumed at  --% of net sales.
11	Interest rates for the term loan and working capital have been assumed at …% and ….% respectively.
12	Depreciation has been provided for on straight line method for Profitability estimates and Written Down Value method as per Income Tax Rates for Tax purpose.
13	Working capital has been computed based on Nayak Committee Method or Second Method of Lending.

The above format is a sample one which will vary depending on type of industry, product etc.

KYC Documents

Features	Documents for identity proof	Documents for proof of correct permanent  address
(I) Accounts of Individuals (a)  Legal name and another name used (b)  Current address and contact telephone / mobile numbers and e-mail address, if any.	1)    Passport 2)    PAN card 3)    Voter’s Identity Card 4)    Valid driving license 5)    Photo Identity card (subject to the Bank’s satisfaction) 6)    Photo credit card 7)    Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of the Bank. (any one of the above document to the satisfaction of the Bank alongwith a recent passport size photographs)	1)    Latest telephone bill 2)    Latest certified original bank account statement. 3)    Letter from any recognized public authority 4)    Latest electricity bill. 5)    Ration card 6)    Latest certified original demat account statement. 7)    Letter from employer from corporates and other entities of repute (subject to satisfaction of the Bank) (any one of the above document to the satisfaction of the Bank)
(II) Accounts of Proprietorship concerns (a)  Proof of the name, existence, mailing address and activity of the concern and (b)  Proof of the name and address of the proprietor. (c)  Telephone /mobile / fax numbers / e-mail address of the concern and the proprietor, if any.	1)    Registration certificate (in case of a registered concern) 2)    Certificate/license issued by the Municipal authorities under Shops & Establishment Act 3)    Sales and income tax returns 4)    CST/VAT certificates 5)    Certificate/registration document issued by Sales Tax / Service Tax / Professional Tax authorities 6)    License issued by the Registering authorities like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, etc. 7)    Registration/licensing document issued in the name of the proprietary concern by the Central Government or State Government Authority / Department 8)    IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT. (Any two of the above documents would suffice. These documents should be in the name of the proprietary concern). 9)    Any document, as given above for accounts of individuals, to identifying the proprietor, viz. (1) Passport, (2) PAN card, (3) Voter’s Identity Card, (4) Driving license, (5) Photo Identity card (subject to the Bank’s satisfaction), (6) Photo credit card, (7) Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of the Bank.	(All the following documents to be obtained) 1)    Latest telephone bill / utility bill in the name of the concern / proprietor. 2)    Any document, as given above for accounts of individuals, for address proof of the proprietor, viz. (1) Latest telephone bill, (2) Latest certified original bank account statement, (3) Letter from any recognized public authority, (4) Latest electricity bill, (5) Ration card, (6) Latest certified original demat account statement, (7) Letter from employer from corporates and other entities of repute (subject to satisfaction of the Bank).
(III) Accounts of Partnership Firms (a)  Name, existence and legal status (b)  Mailing address of the firm (c)  Object Clause (d)  Ownership and control structure (e)   Names of all partners and their addresses (f)   Names of Authorized signatories and their addresses (g)  Telephone / mobile / fax numbers / e-mail addresses of the Firm / its Partners / Authorized Signatories	(All the following documents to be obtained) 1)    Registration certificate, if registered 2)    Partnership deed 3)    Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf. 4)    Identification of authorized signatories should be based on photographs and signature cards duly attested by the firm/their banker. 5)    Any document, as given above for accounts of individuals, identifying the partners and the persons holding the Power of Attorney, viz. (1) Passport, (2) PAN card, (3) Voter’s Identity Card, (4) Driving license, (5) Photo Identity card (subject to the Bank’s satisfaction), (6) Photo credit card, (7) Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of the Bank. 6)    Copy of PAN allotment letter in the name of the firm / PAN proof. Additional document to be obtained in case of Medium & high risk customers 7)    Any business registration document / certificate – Shops and Establishment Registration / Sales Tax Registration / Service Tax Registration / Factory Registration / SEBI Registration.	(All the following documents to be obtained) 1)    Latest telephone bill / utility bill in the name of firm/partners. 2)    Any document, as give above for accounts of individuals, for address proof of each of the partners and the persons holding the power of attorney, viz. (1) Latest telephone bill, (2) Latest certified original bank account statement, (3) Letter from any recognized public authority, (4) Latest electricity bill, (5) Ration card, (6) Latest certified original demat account statement, (7) Letter from employer from corporates and other entities of repute (subject to satisfaction of the Bank).
(IV) Accounts of companies a)    Name of the company, existence and legal status b)    Principal place of business c)    Mailing address of the company d)    Object Clause e)    Ownership and control structure f)     Power to borrower / offer security g)    Names of all Directors / principal functionaries / main promoters and their addresses h)    Names of authorized signatories and their addresses i)      Telephone / mobile / fax number / e-mail addresses of the Company / its Directors/ Authorized Signatories	(All the following documents to be obtained) 1)    Certificate of Incorporation and Memorandum & Articles of Association 2)    Certificate of commencement of business. 3)    List of Directors and the Form 32 supporting their director status. 4)    Resolution of the Board of Directors to open the  account / make the investment / avail the facility and identification of those who have authority to operate the account and identification of those who have authority to accept the facility on behalf of the company through resolution. 5)    Power of Attorney, if any, granted to its managers / officers / employees to transact business on its behalf. 6)    Identification of authorized signatories should be based on photographs and signature cards duly attested by the company / their banker. 7)    Any document, as given above for accounts of individuals, for identity proof of the chairman, managing director & all other directors, authorized signatories, viz. (1) Passport, (2) PAN card, (3) Voter’s Identity Card, (4) Driving license, (5) Photo Identity card (subject to the Bank’s satisfaction), (6) Photo credit card, (7) Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of the Bank. 8)    Copy of PAN allotment letter in the name of the Company / PAN proof.	(All the following documents to be obtained) 1)    Telephone bill / utility bills in the name of the company showing principal address / mailing address of the company as the case may be. 2)    Any document, as given above for accounts of individuals, for address proof of the chairman, managing director & all other directors and authorized signatories, viz. (1) Latest telephone bill, (2) Latest certified original bank account statement, (3) Letter from any recognized public authority, (4) Latest electricity bill, (5) Ration card, (6) Latest certified original demat account statement, (7) Letter from employer from corporates and other entities of repute (subject to satisfaction of the Bank).