Professional Documents
Culture Documents
6 Loan Calculator
6 Loan Calculator
Name of Applicant
Name of Co Applicant - 1
Name of Co Applicant - 2 ( if any )
Name of Co Applicant - 3 ( if any )
Name of Co Applicant - 4 ( if any )
Applicant Type
Tenor of Loan
Commercial Loan
Equipment Loan
Housing Loan
Vehicle Loan
Personal Loan
Other Loan
TOTAL EMI ( A )
Commercial Loan
Equipment Loan
Housing Loan
Vehicle Loan
Personal Loan
Other Loan
TOTAL EMI ( B )
Commercial Loan
Equipment Loan
Housing Loan
Vehicle Loan
Personal Loan
Other Loan
TOTAL EMI ( C )
CURRENT EMI RUNNING OF CO APPLICANT - 3
Commercial Loan
Equipment Loan
Housing Loan
Vehicle Loan
Personal Loan
Other Loan
TOTAL EMI ( D )
Commercial Loan
Equipment Loan
Housing Loan
Vehicle Loan
Personal Loan
Other Loan
TOTAL EMI ( E )
TOTAL EMI ( A + B + C + D + E )
Amount of Guarantee
Name of Minor
Business Vintage
COLLATERAL SECURITY
APPLICANT
CO-APPLICANT 1
CO-APPLICANT 2 ( if any )
CO-APPLICANT 3 ( if any )
Average Bank Balance for Last Six Months
CO-APPLICANT 4 ( if any )
Normal Case
ORMAL CASES)
Rs. ( Thousands )
No. of Years
No of Years
0
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
0
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
HER INFORMATION
ORMATION
0
hese categories
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
0
hese categories
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
0
hese categories
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
0
hese categories
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
0
hese categories
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Yes / No
Rs. ( Thousands )
Positive / Negative
Positive / Negative
Positive / Negative
Positive / Negative
Correct / Incorrect
Correct / Incorrect
considered
%
ONCERN
No of years
Type
No of years
Rs. ( Thousands )
Rs. ( Thousands )
Current Account
-
-
Current Account
Current Account
Current Account
Current Account
ICANT IN BUSINESS
70
-
-
-
-
-
0
0
18.00
26%
Savings Account
Savings Account
Savings Account
Savings Account
Savings Account
If the case falls under Presumptive Eligibility, please do not fill up P&L and Balance Sh
1st Year
A Sales Turnover -
Interest on IT Refund
Agriculture Income
Profit on sale of Shares ( Capital Gain )
House Property Rental Income
Do not enter this dataNot con
Dividend
Salary
Expenses
Trading Expenses
E Cost of Production ( C + D ) -
F Gross Profit ( B - E ) -
Administrative Expenses
Accounting Charges
Bad debts -
Bonus to Salesman
M Depreciation -
Current Tax
O Total Taxes -
1st Year
Average Debtors
Current Assets
ll up P&L and Balance Sheet worksheets
Rs. ( Thousands )
Average of
2nd year 3rd Year 3 years
- - -
N.A. N.A.
- - -
- -
- -
- -
- -
- - -
- -
- -
- -
- - -
- - -
- - -
- - -
75%
50%
- - -
- - -
- - -
Average of
2nd year 3rd Year 3 years
-
-
-
Note :-
RECONCILIATION BETWEEN PUBLISHED P&L ACCOUNT & EXCEL P&L AC
Add : Income reported in published P&L account but not considered in Excel P&
Rental Income
Salary
Dividend
Interest Receipts from Bank
Interest on Bonds
Interest on PPF
Interest on FDR
Other Interest Receipt
Interest on IT Refund
Interest on NSC
Agriculture Income
Sale of Flat
Sale of Shares
Profit on sale of Flat ( Capital Gain )
Profit on sale of Shares ( Capital Gain )
Profit on sale of Mutual Fund
Total
Add : Expenses considered in Excel P&L account but not in published P&L accou
Less : Income reported in Excel P&L account but not considered in published P&
Less : Expenses considered in published P&L account but not in Excel P&L acco
Difference
Please make sure that Recon matches in all 3 years. If it does not matc
L P&L ACCOUNT
Rs. ( Thousands )
- - -
Excel P&L
- - -
P&L account
- - -
- - -
- - -
Net Worth
Share Capital
A Total Capital - -
Applicant
Revaluation Reserve
Unsecured Loans
Personal Loan
G Total Loans ( E + F ) - -
From Banks
From Others
M TOTAL LIABILITIES ( D + K + L ) - -
ASSETS
Fixed Assets
Gross Block
Less : Depreciation
N Net Block - -
Investments
Long Term Investments
Government and other Securities - Unquoted
Government and other Securities - Quoted
P Total Investments - -
Current Assets
Cash Balance
Bank A/c -1
Bank A/c -2
Bank A/c -3
Sundry Debtors - -
Bills Receivable
Closing Stock
Stock-in-process
Other Assets
Profit/Loss A/c (Dr balance) -
Miscellaneous / Preliminary Expenditure
U TOTAL ASSETS ( N + O + P + S + U ) - -
#DIV/0! #DIV/0!
PART B - BALANCE SHEET RATIOS
Difference
% Differece with sales
nd Balance Sheet worksheets
NCE SHEET
Rs ( Thousands )
3rd Year Average
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
#DIV/0!
3rd Year Average of
3 years
- -
1,000.00 1,000
N.A. N.A.
1,000.00 1,000
N.A. N.A.
N.A. N.A.
0% 0%
Average Cash -
5% of sales -
Difference -
% Differece with sales 0.00%
0.00%
PART A - PRESUMPTIVE
A
B
F
G
I
1
4
5
2
3
8
1
6
7
3
4
8
Please fill up this worksheet only if the case falls under Presumptive E
Tenor of Loan
Commercial Loan
Equipment Loan
Housing Loan
Other Loan
Personal Loan
Vehicle Loan
TOTAL EMI ( A )
Commercial Loan
Equipment Loan
Housing Loan
Other Loan
Personal Loan
Vehicle Loan
TOTAL EMI ( B )
Commercial Loan
Equipment Loan
Housing Loan
Other Loan
Personal Loan
Vehicle Loan
TOTAL EMI ( C )
Commercial Loan
Equipment Loan
Housing Loan
Other Loan
Personal Loan
Vehicle Loan
TOTAL EMI ( D )
Commercial Loan
Equipment Loan
Housing Loan
Other Loan
Personal Loan
Vehicle Loan
TOTAL EMI ( E )
TOTAL EMI ( A + B + C + D + E )
Name of Minor
Business Vintage
APPLICANT
CO-APPLICANT 1
Average Bank Balance for Last Six Months
CO-APPLICANT 2 ( if any )
CO-APPLICANT 3 ( if any )
Sales
Sales Growth
TDS Rate
Sales
large/Medium Businessman ( 5% )
Net Salary
Pension
Total
Total
Net Profit
Interest on FDR's
Interest on Bonds
Interest on Saving Account
Interest on PPF
Interest form Others
Interest on NSC
Interest from Applicant Business
Commission Income
Dividend
Total
Agriculture Income
Proposed Rent
Notional Rent
R
Square
Salary
Pension
Total
Total
Net Profit
Commission Income
Dividend
Interest form Others
Interest on Bonds
Interest on FDR's
Interest on NSC
Interest on PPF
Interest on Saving Account
Total
Agriculture Income
Salary
Pension
Total
Total
Commission Income
Dividend
Interest form Others
Interest on Bonds
Interest on FDR's
Interest on NSC
Interest on PPF
Interest on Saving Account
Total
Agriculture Income
Salary
Pension
Total
Total
Net Profit
Commission Income
Dividend
Interest form Others
Interest on Bonds
Interest on FDR's
Interest on NSC
Interest on PPF
Interest on Saving Account
Total
Agriculture Income
Salary
Pension
Total
Total
Net Profit
Total
Agriculture Income
Rs. ( Thousands ) -
No. of Years
No of Years -
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands ) -
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) -
Rs. ( Thousands ) No
Rs. ( Thousands ) Yes
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) -
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) Yes
Rs. ( Thousands ) -
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) Yes
Rs. ( Thousands ) No
Rs. ( Thousands ) No
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) 0
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) 0
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) 0
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) 0
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) -
Rs. ( Thousands ) 0
Yes / No No
Rs. ( Thousands ) -
<NAME>
18.00
% #DIV/0!
No of years
Type 5
No of years
Residential real estate
Rs. ( Thousands ) -
Rs. ( Thousands )
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Current Account Savings Account
- -
- -
- -
LIGIBILITY
Units 1st Year 2nd Year
Rs. ( Thousands ) - -
% 0% #DIV/0!
#DIV/0!
Rs. ( Thousands )
Rs. ( Thousands )
Go ahead
Rs. ( Thousands )
Rs. ( Thousands )
Rs. ( Thousands )
#DIV/0!
Rs. ( Thousands ) - -
Rs. ( Thousands ) - -
- - -
- - -
- - -
- - -
Metro Cities
7.00
- -
- - -
- - -
- - -
- - -
- - -
- - -
OF INCOME
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
OF INCOME
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
OF INCOME
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Share of Applicant in Business Entity 0%
Applicant Type 0
Multiplier Total
Multiplier Total
Individual Account
Business Account
Cheques Bounces
Multiplier Total
IV ABOUT CONCERN ( D )
Multiplier Total
CALCULATION OF LOAN
Average Monthly PAT of last 3 years Rs. ( Thousands ) -
1 10
N.A. 4% 0 No 0.1
N.A. 2% 0 Yes 0.1
N.A. 4% 0 Yes 0.2
N.A. 2% 0 No 0.1
N.A. 2% 0 No 0.1
N.A. 4% 0 Yes 0.2
N.A. 4% 0 No 0.1
N.A. 2% 0 Yes 0.1
N.A. 4% 0 Yes 0.2
N.A. 2% 0 No 0.1
N.A. 2% 0 No 0.1
N.A. 4% 0 Yes 0.2
N.A. 1% 0 No 0.05
1 6
1 1% 0.01 0.05
5 2% 0.1 0.1
0 1% 0 0.05
0 1% 0 0.05
5 2% 0.1 0.1
0 1% 0 0.05
5 6% 0.3 0.18
5 6% 0.3 0.18
N.A. 2% 0 0.05
N.A. 2% 0 0.05
N.A. 2% 0 0.05
6% 0.00 0.15
GO
GO
GO
GO
GO
GO
GO
GO
GO
GO
GO
0 0
2
#DIV/0!
Guidance Note on Evaluation
Colours Given
Dark Green
Indigo
Dark Red
Red
Dark Blue
Violet
Basic Info
5 Name of Applicant
7 Name of Co Applicant - 1
8 More than 1 Co Applicant
For Proprietorship
For Partnership
15 Applicant Type
Professional
Large/Medium Businessman
Small Businessman
17 Tenor of loan
21 Commercial/Business Loan
22 Equipment Loan
23 Housing Loan
24 Vehicle Loan
25 Personal Loan
26 Other Loan
31 Doubtful (DBT)
32 Loss (LSS)
45 Name of Minor
49 Business Vintage
69 P&L
70 P & L Recon
71 Balance Sheet
72 Presumptive case
73 Evaluation
74 Score
75 Weight
76 Multiple
77 Deviations
78 Maximum Multiplier
82 About Concern
85 Average Details
86 Sales Turnover
89 Operating Margin
90 Average Operating Margin
91 Interest Coverage
93 PBT / Turnover
95 PAT / Turnover
104 TOL/TNW
Net worth
Share Capital
Share in Business
a. Applicant
b. Co-Applicant
c. Other Partners
Revaluation reserve
General Reserve
Term Loan
Car Loan
Personal Loan
Applicant (HUF)
Co - Applicant
From Relatives
Others
From Banks
From others
Income Tax
Bills Payable
T.D.S. Payable
VAT Payable
Outstanding Liabilities
Deposits
Cash Credit
Fixed Assets
Gross Block
Depreciation
Net Block
Investments
In Shares
In Mutual Funds
Others
Total Investments
Current Assets
Cash balance
Bank Balance
Sundry Debtors
Bills Receivable
Prepaid Expenses
Advance Tax
Security Deposits
Income Tax
Co - Applicant
Gross Sales
Other income
Cost of Goods Produced
Raw Material
Work-In-Progress
Finished goods
Trading Expenses
Carriage Inwards
Freight Inward
Consumables
Factory Expenses
Hamali Charges
Octroi Duty
Administrative Expenses
Accounting Charges
Agency Charges
Allowance to Staff
Architect Fees
Audit Fees
Bonus
Computer Expenses
Conference Expenses
Consultancy Charges
Conveyance Expenses
Directors Remuneration
Diwali Expenses
Electricity Expenses
Entertainment Expenses
Freight Outward, Carriage Outward
Gratuity
Guaranty Fees
Hire Charges
Insurance Expenses
Laundry Expenses
License Fees
Medical charges
Miscellaneous Expenses
Municipal Tax
Office Maintenance
Penalty Charges
Pooja Expenses
Professional Tax
Provident Fund
Registration Charges
Rent
Salaries
Security Expense
Service Charges
Stamp Duty
Toll Charges
Transportation Expenses
Traveling Expenses
Advertisement
Agency Commission
Bad debts
Bonus to Salesman
Publicity
Interest to Partners
Interest to Relatives
Definition of Relatives
Current Tax
Income Tax
FBT
Deferred Tax
Income From Salary
Our evaluation technique deals with a comprehensive set of financial ratios derived from pro
This ratios directly impact the computation of the eligible loan amount. Different classes of ra
for various level of importance (weights) and the score play an significant role in evaluation
An elaborate evaluation system is wholly structured on the basis of ratios calculated. Maximu
weights are allocated to the various ratios as per the importance of the ratios. Weights are a
if an applicant scores excellent in all the criteria, Excellent scores will entitle a high loan eligi
Evaluation technique considers directors owning a company on the same footing as a partne
We suggest that the same methodology be applied for all loans. In our template the MLSC is
EMI payments from average monthly income of the applicant
Descriptipn of Colours
Text statements
Evaluation Text
Applicant name should be in format as given in the application form. Surname, first name, m
Co Applicant name should be in same format as filled for the Applicant. Surname, first name,
If there are more than one Co Applicants, information about other Co Applicants should also
Other Co Applicants' names should be in same format as the Applicant. Surname, first name,
The name of the business entity of Applicant as given in the application form
Proprietorship means the whole concern is owned by a single person. Share in Business will b
Partnership is carried on by two or more persons. Share in business is the profit sharing ratio
the partners. It will be provided in the Partnership Deed
A Private Limited Company is a separate legal entity. The name of private limited company e
Share of Applicant in private limited company is the percentage shareholding in the company
Proof of such shareholding should be available in the Annual Return filed with the Registrar o
This document can be searched through the Internet independently (without reference to the
The case in which the profit shown by the Applicant in the profit and loss account is significan
for large/medium businessman, 3% for small businessman,10% for professional) is termed as
The case can be categorized as Presumptive Case (where above margins are presumed) if tu
can be supported by bank statements and / or TDS certificates.
Person who has a qualified degree from a recognized institution. Example Doctor, Chartered
Person who owns a business or has a share in partnership business or a shareholding in priva
with turnover over Rs Twenty five lakhs in the last financial year
Turnover less than Rs Twenty five lakhs in the last financial year
Maximum Tenor of loan is limited to twenty years. Maximum age of the Applicant is consider
Maximum tenor is defined as lower of (a) twenty years (b) sixty minus age of applicant
The EMI factor corresponding to the rate of interest and the maximum tenor of loan as given
If the Applicant And Co Applicant are paying any current EMI for other loans, the EMI paymen
Commercial/Business Loan is loan taken for business purpose. It can be for purchase of land
Machinery, Furniture etc.
Equipment Loan is loan taken for purchase of various business tools and equipments
Housing loan is loan taken for the purchase or construction of house, plot, flat etc
Vehicle loan is loan taken for purchase of two wheeler or four wheeler vehicle.
Any loan other than Commercial/Business loan, Equipment loan, housing loan, Vehicle loan, p
If the information in the CIBIL report shows any default for the below points, that information
The various amount of loan outstanding under the Categories given below is to collected from
If the difference between the loan outstanding as per the CIBIL report and the Applicant's da
than it will have a negative impact on the ranking of the Applicant
If the Applicant or Co Applicant has provided Guarantees for any loans, that information is to
The total amount of guarantee provided by the Applicant and Co Applicant is to be filled
Observation and comments given in Business Verification Report by verification agency shall
Observation and comments given in Residence Verification Report by verification agency sha
Observation and comments given in Tele Verification Report by verification agency shall be c
Observation and comments given in Personal Discussion Report by verification agency shall b
Observation and comments given in Income Tax Verification Report by verification agency sh
Observation and comments given in Bank Verification Report by verification agency shall be
Person below the age of eighteen years is considered to be minor. Information about Minor is
minor is clubbed with the Applicant or Co Applicant and shown in tax returns of Applicant or
Minor name should be in format as filled for the Applicant and Co Applicant Surname, first na
The difference between eighteen years and the age of minor filled above - will be computed
It is ratio of balance minority to tenor of loan expressed in percentage. - will be computed (no
Business vintage means for how many years Applicants business is running
It is the type of entity the Applicant is running such as public limited company, private limite
partnership, sole proprietorship
Commercial real estate – 90%, Residential property – 80%, Other Property 80%
·
Additional Collateral security offered by Applicant is classified into three categories, viz LIC p
Fixed deposits, other assets
Surrender value of LIC policy -95%, Fixed deposits - 80% , other assets - 60%
This is the bank account in the name of concern.Business transaction are carried in this acco
This is the average of closing bank balance for latest six months
sum of closing balance for six months divided by six months
This is the average of closing bank balance for latest six months for saving account
This is the average of closing bank balance for latest six months for current account
This is the average number of transaction for latest six months for saving account
This is the average number of transaction for latest six months for current account
Applicants number of cheque dishonored for the last six months in the saving account
Applicants number of cheque dishonored for the last six months in the current account
Minimum Balance is the amount which the Applicant must have in his account as decided by
If the Applicant has minimum balance most of the time, the implication is that he could be sh
It is the number of times the bank account shows minimum balance in the saving account
It is the number of times the bank account shows minimum balance in the current account
This is the bank account in the name of concern.Business transaction are carried in this acco
This is the average of closing bank balance for latest six months
sum of closing balance for six months divided by six months
This is the average of closing bank balance for latest six months for saving account
This is the average of closing bank balance for latest six months for current account
This is the average number of transaction for latest six months for saving account
This is the average number of transaction for latest six months for current account
Co Applicants number of cheque dishonored for the last six months in the saving account
Co Applicants number of cheque dishonored for the last six months in the current account
Minimum Balance is the amount which the Co Applicant must have in his account as decided
If the Co Applicant has minimum balance most of the time, the implication is that he could be
It is the number of times the bank account shows minimum balance in the saving account
It is the number of times the bank account shows minimum balance in the current account
This worksheet contains Profit & Loss Account, Ratios computed based on numbers in Profit &
Income details of Applicant
This worksheet also contains Income details of CoApplicants which are filled up from their Inc
This worksheet calculates sub total of items automatically like sales turnover, trading expens
administrative expense, selling and marketing expense, operating cost excluding interest an
interest and finance charges, taxes.
Sales turnover is the total of various kind of sales according to type of applicant.
Consumption is sum of opening stock and purchase less closing stock
Total Trading expense is sum of all the trading expenses mentioned in P&L worksheet.
Cost of production is the sum of consumption and total trading expense
Total administrative expense is sum of all the administrative expenses mentioned in P&L wor
Total selling and marketing expense is sum of all the selling and marketing expenses mentio
Operating cost is the sum of total administrative and total selling and marketing expense exc
interest and finance charges and depreciation
Total interest and finance charges is the sum of all interest payments and finance charges m
Total taxes is the sum of tax paid during the year mentioned in P&L worksheet.If tax amount
the amount should be picked from he computation of income of applicant business.
Gross profit is sales minus consumption and total trading expense
Net Profit Before Interest, Depreciation, Taxes is Gross profit minus Operating cost
Profit after Interest but Before Depreciation, Taxes is Net Profit Before Interest, Depreciation,
total interest and finance charges
Net Profit Before tax is Profit after Interest but Before Depreciation minus depreciation
Net Profit After Taxes is Net profit before tax minus total taxes
Applicants Income from secondary business or profession and incomes other than business in
of P&L worksheet
Sub Total of Part C Incomes is the sum of income from salary, income from secondary busine
income from other sources and maximum limit of agriculture income
Applicant additional income based on Additional information consist of interest paid to relativ
basis of lease agreement,notional rent, proposed rent
A detailed explanation of Depreciation income, Average monthly PAT, Average interest paid t
agriculture income, Average HUF income, Average minor income is provided in this workshe
Rent on the basis of lease agreement , notional rent and proposed rent are calculated as per
The basic rationale of this worksheet is to avoid data entry errors and detect such errors if an
The worksheet starts with Profit as per P&L as reported by applicant and ends with profit as p
It seeks to capture all those items of incomes and expenses which appear in the P&L but not
If the reconciliation does not match, then there is some data entry error and you should not m
This is fourth sheet containing balance sheet of the Applicant business. Ratios related to Bala
Total capital includes share capital, partner's capital and proprietor's capital. Capital accordin
Total current account is the total of applicant, co applicant and other's current account.
Total reserves and surplus is the sum of reserve and surplus mentioned in the balance shee
Total net worth is the sum of capital account, current account and reserves and surplus
Total secured loans is the sum of all the secured loans mentioned in the balance sheet work
Total unsecured loans is the sum of all the unsecured loans mentioned in the balance sheet w
Total loan is the sum of total secured and unsecured loans
Total Short Term Borrowings is the sum of short term borrowing from banks and others
Total Sundry Creditors, Provision for Taxation & Other Liabilities is the sum of sundry credito
other liabilities
Total Current Liabilities is the sum of total short term borrowings and total sundry creditors, p
Total Outside Liabilities is the sum of total loan and total current liabilities
Total liabilities is the sum of liability side of balance sheet
Net block is the difference between gross block of fixed assets and accumulated depreciation
Total Investments is the sum of all type of investment mentioned in balance sheet workshee
Total Current Assets is the total of all the items of current assets mentioned in balance sheet
Total loans and advances is the total of all the items of loans and advances mentioned in bal
Total current asset and loans and advances is the sum of total current asset and total loans a
Total asset is the sum of asset side of balance sheet
This is the fifth sheet to be filled only when the applicant falls under the presumptive eligibili
Applicants Income from secondary business or profession and incomes other than business in
of Presumptive case worksheet
Sub Total of Part B Incomes is the sum of income from salary, income from secondary busine
income from other sources and maximum income limit of agriculture income
Applicant additional income based on Additional information consist of interest paid to relativ
basis of lease agreement,notional rent, proposed rent
A detailed explanation of average interest paid to relatives, average agriculture income, ave
average minor income is provided in this worksheet (items 111 to 114)
This worksheet will automatically work out the eligibility of loan for the applicant.
The evaluation is divided in two parts. first part describes the loan amount for the Normal ca
amount for Presumptive case
For a detailed write up on Evaluation methodology, ranking, criteria, refer our detailed Repor
Maximum Score for all the parameters is 5 and minimum score for all the parameters is 0
For each parameter, weights are assigned based on importance of the parameter
Deviations seek to measure qualitative factors while scores seek to measure quantitative pa
The responses can be either 'Yes' or 'No'. 'Yes' implies there is a deviation
No' means there is no deviation for the particular parameter
Maximum multiplier is the maximum score multiplied by concerned weights (the max score a
It is Part I of the Evaluation. Applicants profit & loss account and various ratios calculation is
It is Part II of the Evaluation. Applicants Balance sheet and various ratios calculation is consid
It is Part III of the Evaluation. Applicants and Co Applicants Current account and Saving acco
It is Part V of the Evaluation. This includes Cibil Report, various verification report like income
verification, personal verification, tele verification, personal discussion, bank verification.
Applicants latest year financials ( computation, profit & loss account and balance sheet ) det
This is the average of last 3 years financials ( computation, profit & loss and balance sheet )
This is the Gross Receipts or Sales Turnover as per the applicant's latest year profit & loss ac
It is the growth in the latest year over the previous year sales turnover or the gross receipts
This is the ratio of Profit Before Depreciation, Interest and Tax to the Sales Turnover
It indicates the profit efficiency of a concern before taking its depreciation, interest and tax p
the higher is the Applicant's operating margin
This is the average ratio for last 3 years operating margin
Sum of last three years operating margin divided by 3
This is the ratio of Profit Before Interest and Tax divided by Interest Expense (to bank and oth
The interest coverage ratio is a measurement of the number of times Applicant could make i
interest payments with its earnings before interest and taxes; the lower the ratio, the higher
Applicant’s debt burden
If Interest Expense is zero, then technically the Interest Coverage Ratio is infinity. However, t
computation, we have set a level of 1000 here (a very large number) to take care of such sit
This is ratio of Profit Before Tax to Sales Turnover. This ratio is the margin to the total sales t
Higher the ratio, higher is the Applicant profit before tax margin
This is the average ratio for last 3 years profit before tax to sales turnover.
It is ratio of profit after tax to sales turnover. This ratio is the margin to the total sales turnov
Higher the ratio, higher is the Applicant profit after tax margin
This is the average ratio for last 3 years profit after tax to sales turnover.
This is Average Debtors divided by Sales per day (i.e. Sales divided by 365)
It represents an approximation of days taken by customers to pay the applicant
Higher the Debtor collection period, higher is the time taken to convert debtors into cash
(lower is the financial flexibility of the Applicant)
It is the ratio of sales turnover to average stocks [ ( opening stock+ closing stock )/2 ]
Higher the ratio, faster the movement of inventory in the Applicant's business. Lower the rat
of inventory (and indicates a lower flexibility of the Applicant)
This is the ratio of Sales to Current Assets. A higher ratio indicates a faster movement of Cur
level of efficiency in working capital management (and vice versa)
It is ratio of total loans (secured + unsecured) to profit after tax but before depreciation. High
the higher is he Applicant's debt burden
It is average ratio of total loans to profit after tax including depreciation for the last 3 years
This is the capital of the Applicant in business including reserves
This is the average capital of the Applicant in business including reserves for the last 3 years
This is the ratio of total outside liabilities (secured loans + unsecured loans + other liabilities
Total outside liabilities comprise of secured loan and unsecured loan and other liabilities like
A high ratio indicates a higher dependence on outside liabilities and indicates a higher level o
This is the average ratio of total outside liabilities to tangible net worth for the last 3 years
This is the ratio of current asset to current liabilities. Higher the ratio, higher the proportion o
A higher ratio indicates a better liquidity position
If Current Liabilities is zero, then technically the Current Ratio is infinity. However, to enable
computation, we have set a level of 1000 here (a very large number) to take care of such sit
This is the average ratio of current asset to current liabilities for the last 3 years
This is the ratio of current asset except stock (current asset - stock) to current liabilities This
A higher ratio indicates a better liquidity position
If Current Liabilities is zero, then technically the Liquidity Ratio is infinity. However, to enable
computation, we have set a level of 1000 here (a very large number) to take care of such sit
This is the average ratio of current asset except stock (current asset - stock) to current liabili
This is ratio of profit before tax to total assets ( fixed assets + working capital )
This ratio, measures the profitability of a company by the pre-tax profit achieved on a compa
Higher the ratio, higher is the return on the capital invested by the Applicant
This is average ratio of profit before tax to total asset ( fixed asset + working capital ) for the
This is the average ratio of bad debt to debtors for the last 3 years
Higher the ratio, higher is the proportion of bad debt.
If the Applicant earns income from any other sources, all such income will be considered as i
This income include salary income, income from house property, income from business other
his primary business (as the income of primary business will be considered separately ), inco
other sources, income from minor, income from agriculture income. This income will be avail
filed with tax returns
Any interest received from relatives is not considered as other income of the Applicant (and i
Income from HUF can be considered as Applicant's income for the purpose of computing elig
the Applicant is the karta of the HUF (b) only his share of the HUF income is considered (c ) h
depends on the number of members in his HUF as per information provided by the Applicant
For example, if HUF income is Rs 2 lakhs and there are 4 members, then his share will be Rs
For this purpose, minors are also to be included as members of HUF
Income of minors is considered as eligible income and considered as Applicant's income for p
conditions as follows : (a) The income should have been declared in the Applicant's tax retur
(b) Age of the minor is an important parameter. The percentage of balance minority left to th
is multiplied with the Average Minor income of 3 years. If the percentage is more than 50%,
than 100% of minor income is eligible. If it is less than 25% but more than 50%,than 50% of m
is eligible and if it is less than 25%, then income of minor is ignored
For example, if minor's income is Rs 50,000 and his age is 8 and tenor of loan is 15 years
Balance minority left is 10 years and 10/15 is 67% (more than 50%). The entire income of Rs
for Applicant eligibility computation.
Agriculture income is the income earned by the Applicant from agricultural activities.
Minimum of Average agriculture income for 3 years subject to a maximum level of 30% of Av
added to Applicants income. Agriculture income must be declared in the tax returns by the A
Interest paid to relative is interest expense incurred by the Applicant's business and appearin
paid for 3 years can be added to Applicants income. If the P&L account does not provide this
will have these details reported along with amount paid to each relative.
Profit after tax is the profit left after paying tax liability. Tax amount if not available in P&L m
computation of income of the business. Tax will consist of Tds,advance tax, self assessment
Average profit after tax for 3 years is considered.
Current EMI payments of other loan of the Applicants should be entered here.
This is the score of the Applicant based on his quantitative criteria, weights and performance
This score divided by maximum possible score will decide his eligible income from business
Minimum of Average monthly depreciation for the 3 years multiplied by 75% and Average mo
multiplied by 50% is considered for the income of Applicant
The total monthly income of the applicant and the Co Applicant including other incomes and
reducing it with EMI payments of any other loans
Net monthly income for professional is considered at 60%, for Large/Medium businessman at
for Small businessman at 50%
The loan amount is computed based on above income multiplied by EMI factor (based on ten
This is the total of eligibility as per profitability and eligible value of additional collateral secu
It is the maximum amount which can be funded to the Applicant as per his eligibility from
total eligibility and the value of collateral security considered
This computation applies to special cases of presumptive computation - the purpose is to len
tax returns do not show high income levels, but it is believed that their business is healthier
The bank statement for the latest financial period (1st April to 31st March) of the business fo
which tax return has been filed should be verified to check the genuineness of sales reflected
Collections as per bank statement should be at least 80% of Sales as per P&L
In cases where the business is subject to TDS, the gross amounts covered by TDS certificates
at least 80% of Sales as per P&L
If this condition is not satisfied, the case does not qualify for special treatment under presum
be processed as a regular case
The sales growth for the last 2 years (as per P&L) should be at least 10% per annum
If these conditions, are satisfied, profit from business will be presumed as under:
Professional – 10 %
Businessmen - 5 %
Others ( Small Businessmen) - 3 %
In this case Applicants total income will include his Business Profits as derived on presumptiv
Other Income, Co-Applicant's income will be considered as per general principles discussed a
Accordingly, his loan eligibility will be computed.
discussion and Executive summary,not reveiwed b
For individual, the value of a person's) assets, including cash, minus all liabilities is Net worth
Share capital refers to portion of a company's equity that has been obtained (or will be
obtained) by trading stock to a shareholder for cash or equivalent item of capital
value.
In Case of partnership firm, the amount of capital invested by applicant in the firm.
Apart from applicant and co-applicant if applicant is in partnership with other person
then detail of capital of other partner should be mentioned in the balance sheet
partnership firm, the amount of capital invested by that patner(s) is to be filled here
Reserve account that records the surplus created when assets are revalued (see
revaluation). It is a 'paper' or unrealized reserve.
The profit earned by the firm during the year is transferred to reserve and surplus account
The loan which is taken for more then one year is termed as term loan
The loan which is taken for the purchase of the car is termed as car loan
Loan which are secured by the Stock / Raw Material of the company
The loan which is taken against fixed deposit is loan against fixed deposit
The loan taken for the purchase of vehicle which will be used for the business
purpose.
The loan which is taken for the personal purpose is personal Loan
If loan is taken from the relative of applicant is considered as loan from relative
The loan which is taken from the person other then specified above can be termed as loan from others.
Short term borrowing can be defined as the loan which will get pay-back within a year
The loan taken from the bank for a year is considered as short term borrowing from bank
The borrowing which is taken from the other person, bodies and institutions other then bank for a year.
Purchase of goods, raw material on credit basis for the further production of the goods is termed as
creditors related to trade purpose.
Expense incurred for the normal running of the business and that material is purchased on credit then
that creditor is considered as the creditor for the expenses.
Annual tax levied by the Federal government, most states, and some local governments, on an individual's or
corporation's net profit.
Benefits by an employer to his employees, in addition to the cash salary or wages paid, the taxation of
such perquisites is known as Fringe Benefit Tax
Trade obligations of a firm, such as a trade acceptance or Banker's Acceptance payable at maturity.
The amount of TDS deducted within and payment was not made till the end of the financial year then the
balance amount is considered as the TDS Payable
The VAT which is outstanding at the end of the financial year is considered as the VAT payable
The liabilities outstanding at the end of the year is considered as the O/s Liabilities.
Funds placed into an account at a depository institution to increase the credit balance of the account,
OR Down payment given in advance to support the intention to complete a
commercial transaction.
those tangible assets, such as office buildings, furniture, fixtures, and equipment, used in the operation of a
business, that have a relatively long life and are not intended to be sold in the normal process of the
business
The total value of all of the assets that a company owns. Value is determined by the amount it cost to
acquire these assets, and it is not decreased to take into account the effects of depreciation.
A noncash expense that reduces the value of an asset as a result of wear and tear, age, or obsolescence.
The total value of all of the assets that a company owns. Value is determined by the amount it cost to
acquire these assets, and it is decreased to take into account the effects of depreciation.
Work that has not been completed but has already incurred a capital investment from the company
The purchase of a financial product or other item of value with an expectation of favorable future returns.
Investment made by person(s) to have one unit of ownership in a corporation, or limited partnership
Investment made by person(s) other then in mutual fund and in shares will be written under other
investment
Any balance sheet item which equals the sum of cash and cash equivalents, accounts receivable, inventory,
marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one yea
Money placed with bank, merchant bank, building society, credit union for a fixed term at a fixed rate of interest which remains uncha
The cheque/ draft which is not cleared or deposited till the end of financial year
It is the opposite of a Creditor who is someone to whom you owe money. It can be more then six
months or and debtors can be less then six month. The items will go accordingly the head in the
profit and loss account.
A Business's remaining stock at the end of an accounting period. It includes finished the products, raw
materials, or work in progress and is deducted from the period's costs in balance sheets.
Advance given against purchase of the raw material, goods to the creditors.
BILLS RECEIVABLE, in merchant accounts, are all promissory notes, bills of holds, exchange,
bonds, and other evidences or securities which a merchant or trader and which are payable to him.
Costs such as rent, interest, insurance premium, etc., that are paid in advance of actually incurring them and (a
opposed to deferred charges) are regularly recurring in the normal course of a firm's business
Money paid in advance of a transaction to protect a seller or renter against damage or non-payment.
Annual tax levied by the Federal government, most states, and some local governments, on an individual's or
corporation's net profit.
There are many supplementary income earned by a individual other than regular receipts. It may be in form of
Salary income, Interest income etc. This income might be visible in applicants Profit & Loss A/c as well as His/H
Hence this income should be considered in applicants Other Income - Part C of Evaluation. as it is not taken in P
There are some other items appearing in Income side of applicant like Profit on sale of Asset/Investment. This t
incomes which are actually not received during the year. So this income are excluded from the total income of
But if this income are not entered in the Profit & Loss A/c, Profit as per the printed Profit & Loss A/c will not Tally
income should be filled in the Profit & Loss Reconciliation
Cost of goods produced shall consist of Material Consumed, Direct Wages and Salaries, Direct Expenses, Works
Control cost, Research and Development Cost , Packing cost, Administrative Overheads relating to production
Finished goods are goods that have completed the manufacturing process but have not yet been sold or distrib
Trading Expenses are expenses that can be directly traced to producing specific goods or services. Trading Exp
include all Factory Expenses such as Freight charges, Wages, Power & fuel, Transportation Expenses
Carriage Inwards are delivery expenses incurred during the purchase of goods
Freight Inward is Transportation charge the company pays when it receives goods from a supplier
Any item, which participates in or is required for a manufacturing process, but does not necessarily form part o
Expenses incurred for generator such as rental expense, diesel charges, Generator maintenance etc
Octroi Duty is a municipal levy, which is levied on entry of goods into a municipal/ local
area for use, consumption or sale.
wages and Labor charges are a compensation, workers receive in exchange for their labor
Expenses that are not as easily associated with a specific function as are direct costs of manufacturing
and selling. It typically includes expenses of the head office and branch office
A sum of money or an equivalent given to an employee in addition to the employee's usual compensation
Amount incurred for purchased of Books, Journals and Newsletters for business purpose.
Expenses incurred for maintenance of computers, printers, scanners, fax machine etc
The fees or remuneration paid to director for services provided to the company.
Electricity expenses are expense paid for electricity used every month/quarter for office.
Expenses incurred for generator such as rental expense, diesel charges, Generator maintenance etc
Amount incurred for hiring of car, employees, professional etc for business purpose
A fee paid to the government for the privilege of being licensed to do something
Amount incurred for loading and unloading of goods during marketing of goods
Loss incurred during sale of asset at price lower than WDV or purchase cost.
Operational Expenses include all Office Expenses, Marketing Expenses and Financial Charges.
A payment for consecutive issues of a newspaper or magazine for a given period of time
Amount paid for purchasing of various stationery items and xerox copy charges for business.
Various taxes such as municipal tax, state tax etc paid by business are included in this categories
Regular payment by a tenant to an owner for the use of his/her land or buildings
Expenses incurred for repair and maintenance of office or assets for improving the condition.
A salary is a form of periodic payment from an employer to an employee, which is specified in an employment c
Amount incurred for telephone and mobile expenses of employees and business.
Expenses incurred for maintenance of vehicle like purchase of tubes & tyres, repairs.
Amount spent for promoting the business.Eg Newspapers ads, Catalogs etc
This term is similar to advertising. Publicity is in form of Painting on Bus & Trains
Amount spent for promoting the business.Eg Free sample distribution to public
Interest charges on Bank loan or credit taken by Bank for the business
Interest charges on Bank loan or credit taken by outsiders for the business
Interest paid to partners for any amount given as loan to the partnership firm
Tax paid
Fringe Benefit Tax is tax paid for providing the various benefits to employees
Deferred Tax is term used for the timing difference of calculating depreciation as per companies Act and Incom
This Income is taken from the individual computation of the Applicants
Salary/Pension received by the applicant from business other than his business
While filling Balance sheet amount in thousands a difference may arise due to rounding off of the amount to
nearly rupee. A Formula of Tallied or Not Tallied is given for this purpose.
The formula will explain whether asset & liability side of Balance sheet is Tallied or Not.
The criteria for this formula is adjusted to 2% meaning if asset or liability
side is greater or less than 2% by each other than it will show Not Tallied otherwise Tallied
nd loss account and balance sheet.
a Partnership firm
dle name
ddle name
bove 5%
rmal case
ver of twelve months
t sixty years
he LIC EMI chart is to be filled
e considered.
onsidered.
be considered.
middle name
to be filled)
be filled)
ort of funds
e Tax Computations
ost of production
preciation,
in P&L worksheet.
es minus
latives, Average
tems 109 to 116, 120)
Excel sheet
xcel P&L and vice versa
e forward until you correct the error
such asset
HUF income,
capital employed.
or income
ge annual profit is
be taken from
ly profit of 3 years
reciation after
nd interest rate)
end-product