This certificate is issued in accordance with the terms of our arrangement with XYZ Private Limited (CIN-), having registered address ……………..IN, vide engagement letter dated ——————–with reference to Appointment of ABC & Associates as the Chartered Accountant Firm for conducting due diligence of security provided by XYZ Pt. Ltd..
The accompanying Statement, including the creation and maintenance of all accounting and other records supporting its contents, is solely the responsibility of the Management of the XYZ Pt. Ltd..
The Company’s Management is also responsible for ensuring that the company complies with the requirements of XYZ Pt. Ltd..
It is our responsibility to certify on the Statement based on our examination of the matters in the Statement with reference to the books of account and other records of the Company for the period ended 31/03/2021, which is audited in pursuant to the requirements of the Companies Act, 2013.
We conducted our examination of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India.
On the basis of documents and records produced before us by the management of the Company, we hereby certify the Security Cover for proposed issuance of ……. as follows:
|Particulars||Asset Cover as on 31st March , 2021|
|Proposed issuance of …….|
|Total proposed Secured facilities (A)|
|Property, Plant and Equipment|
|Other financial assets|
|Derivatives financial instruments – option premium (net)|
|Total Assets available (B)|
|Asset Cover (B/A)|
Restriction on Use
This certificate has been issued at the request of the Company, for submission to XYZ Private Limited only. Our certificate should not be used for any other purpose or by any person other than the addressees of this certificate. Accordingly, we do not accept or assume any liability or duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.
ABC & Associates
ICAI Firm Reg. No.: