OSBI - ::PDICAI::
Transcript of OSBI - ::PDICAI::
OSBI -FE54, GYT-302005 Local Head Office,
Tilak Marg, C-Scheme, Jaipur-302005
01/05/2021 30/04/2023 raTa dg tis ya frefiderH 3TS&Y qAÀTA A fey aTUTi i,
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ANK
.C.O.
Dptt
OSBI State Bank of India
Local Head Office, Tilak Marg, C Scheme, Jaipur-302005
PUBLIC NOTICE EMPANELMENT OF STOCK & RECEIVABLE
AUDITORRS
State Bank of India, Local Head Office, Jaipur invites applications in the prescribed format from Proprietorship Firms, Partnership Firms, Companies, Limited Liability Partnership of
Chartered Accountants ICost Accountants registered with Institute of Chartered Accountants of India/ Cost Accountant of
India for empanelment of Stock & Receivable Auditor Conducting Stock and Receivable Audit for the Bank and willing to get them empaneled for the period 01.05.2021 to 30.04.2023.
Eligibility criteria, general guidelines, Bio-data format/
application form, List of SME Intensive Branches etc. is
placed on our Bank's website www.sbi.co.in under
"Empanelment of vendors" section in "Procurement
news" Those willing to get empaneled and having Branches/Office in Rajasthan State shall submit their applications in prescribed
format with relevant enclosures/documents etc. to the nearest
SME(RBOVZonal Office (ZO) SME Intensive Branch on or
before 15-03-2021. The Stock & Receivable Auditors already
in the Bank's panel have to apply afresh.
The bank reserves the right to amend/modify any terms and
conditions of empanelment and withdraw the advertisement
without any notice.
a CO
ott NO
STATE BANK OF INDIA LOCAL HEAD OFFICE. JAIPUR-302005
REQUEST FOR EMPANELMENT OF STOCK AUDITORS
CRITERIA AND TERMS & CONDITIONS FOR EMPANELMENT OF STOCK AND RECEIVABLE AUDITORS (SRAs)
Eligibility Criteria:
ANNEXURE-1
i) The Auditors to be from Companies, Firms, Limited Liability Partnership (LLP) of Chartered Accountants I Cost Accountants registered with Institute of Chartered Accountants of India / Cost Account~nts of India. Proprietorship Firms shall also be considered for empanelment as SRA The Auditors should fulfil the following criteria: ·
a) Should have at least two qualified Chartered Accountants/Cost Accountants as Partners / Directors in case of Companies, Firms and LLP.
b) The Proprietor or at least one Partner/ Director of the Firm / LLP / Company should have minimum 5 years experience.
c) Preference to entities having personnel with engineering background to assist in conducting the stock and receivable audit.
d) Preference also to those already empanelled with other Banks/Fis as Stock and Receivable Auditors.
e) Those who are already empanelled with us/other Banks/Fis and having a good track record of handling the assignments to be given preference.
ii) Having integrity and character beyond reproach. Unblemished track record, with no unsatisfactory conduct in the past and should have not been .blacklisted by any Bank / financial institution / other organizations/any government department, no listing in default/ caution /debarment list of RBI / IBA / SEBI / their professional institutes etc. Self-attested affidavit on stamp paper in this regard should be furnished
iii) Having branches/offices in Rajasthan State.
iv)The name of the Companies /Firms/LLP or its director/promoter/partner, Proprietor etc. should not be in the defaulters/barred/caution list published/displayed at websites of public bodies such as by RBI/IBA/ECGC/SEBI/CICs/NCL T etc.
Other Terms & Conditions:
i) Application in the prescribed format should be submitted to nearest AGM(SME)RBO/ZO/SME Intensive Branch on or before 15-03-2021 . ii) Usual KYC documents revealing Identity and address of Individual/ Corporate/ Firm etc are mandatory. iii) PAN Number and GST Registration Number (as applicable) are also mandatory.
iv) In the event of gross negligence/malpractices, if any, noticed by the Bank in S~'s co~duct/scop~ of work, apart from depanelling the Firm/ LLP / Company, the Bank reserves the right to include their names in the cautionary list for circulation to all the Banks through IBA.
v) Bank reserves the right to reject any or all applications for empanelment without assigning any reasons thereof. vi) Auditors against whom complaints have been registered with C~I, Serio_u~ Fraud Investigation Cell and court(s)/regulatory bodies, and is blacklisted by any banks/Fis 1s not ehg1ble to apply.
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s. No. i.
Annexure-11
Guidelines for Stock and Receivable Audit
Extant instructions Revised instructions
Periodicity of SRA and Accounts Periodicity of SRA and Accounts covered covered a. Yearly a. Yearly
Standard Accounts with FBWC Limit, No change.
TL Exposure (Outstanding) and NFB
Limit aggregating Rs.1 O crores and
above upto Rs.25 crores having
· Internal Rating of SB-10 & better or
ECR of "BBB-" & better.(**)
Standard Accounts with FBWC Limit, No Change.
TL Exposure (Outstanding) and . NFB
Limit aggregating above Rs.25 crores
having:
CRA SB-8 & better
or
ECR "BBB" & better(**).
NPAs with balance of Rs.5 crores and No Change.
above.
b) Half Yearly
i) Standard Accounts with FBWC Limit, No Change.
TL Exposure (Outstanding) and NFB
Limit aggregating above Rs.5 crores
and upto Rs.25 crores having:
CRA SB-11 & worse.
or
ECR of "BB+" & worse. (**).
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S. Extant instructions Revised instructions No. ii) Standard Accounts with FBWC No Change. Limit, TL Exposure (Outstanding) and
NFB Limit aggregating above Rs.25 crores having:
CRA SB-9 & worse
or
ECR "BBB-" & worse (**). c) Quarterly
SRA would be conducted at quarterly No Change. intervals for the following category of
borrowers, having exposure of Rs.5
crores and above irrespective of the credit rating:
i) Financing to Gold and Jewellery Business
ii) Commodity Traders
iii) IT enabled services.
d) SRA shall also be stipulated, where No Change.
Bank has sanctioned stand alone
facilities such as Term Loans, NFB
limits etc.
(**) When both the external and internal ratings are available the worse of the two may be
considered for this purpose.(Ref.:- CCO/CPPD-ADV/108/2014-15 dated 10/10/2014).
ii.
iii.
Accounts to be covered under SRA Accounts to be covered under SRA
(Limits are with reference to our share (Exposure is with reference to our share of
of exposure in MBA/ Consortium) exposure in MBA/ Consortium).
SRA should also be stipulated, where No change. Bank has sanctioned stand alone facilities such as Term Loans, NFB Limits etc.
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S. Extant instructions Revised instructions No. iv.
v.
Sanctioning Authority is vested with No change. discretionary powers for increasing
frequency as well as reducing the threshold limit for SRA based on the risk perception.
Waiver Waiver a) All Central and State Public Sector No change.
Undertakings. However, any relaxation I exemption I waiver b) Loans granted against "Specified must be highly selective, and whenever such Securities". relaxation etc. is recommended to the appropriate c) Loans granted under LRD, ABL and authority for consideration, it must necessarily be ABL (CRE) and e-VFS schemes. justified by adequate and acceptable alternate d) All loans under "P" segment.
e) SRA can be waived in cases other than exemptions given under point no. (a) to (d) above, by the Sanctioning Authority upto CCCC.
f) In case of ECCB sanctions, waiver can be approved by CCCC.
mitigants.
vi. Other guidelines In case of takeover advance, Stock and No change. Receivables Audit is to be conducted prior to disbursement of any credit
facilities above Rs.5.00 crores except for units having ECR of "A-" and better.
vii. In case of CDR accounts, report No change.
regarding the quality of Stocks and
Receivables should be obtained from the Concurrent Auditor appointed by the
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lenders on a quarterly basis.
These instructions for conducting SRA would also be applicable to CDR accounts.
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ANNEXURE-111
On the Firm's/ Company's letter head
Application for Empanelment as Stock and Receivable Auditor (SRA)
To,
Deputy General Manager & CCO State Bank of India, Local Head Office Tilak Marg, C-Scheme, JAIPUR
Sub. Request for empanelment as Stock and Receivable ·Auditor on SBI Panel
I/ We hereby apply for empanelment as Stock and Receivable Auditor and furnish hereunder the requisite bio data/information /documents for empanelment.
Sr. Particular Details
No.
1 Name of the Firm/company
2 Constitution (proprietorship I partnership I
LLP/Company)
3 Constitution Certificate No./lCAI Registration No/
Institute of Cost Accountant of India Reg No.
4 Date of Establishment of firm
5 RBI Unique Code & Category
6 Date of RBI Unique Code
7 Registered/Communication address of the firm
/company
8 Details of the Offices/Branches of the firm/company
in State of Rajasthan.
9 Contact No
Mobile No
Land line No
Email id
10 PAN No
11 GST No.
12 Nature of present activity of the firm/company
13 Details about the Firm/company
A Brief Profile of the Firm/ Company
B Detail of Proprietor or at least one Partner / Director
of the Firm/ LLP / Company having minimum 5 years
of experience
C Whether the firm/ Company have any personnel with
engineering background to assist in conducting the
stock and receivable audit. If yes, details including
qualification, post qualification work experience
(details and number of years)
D Details of Proprietor/ all Partners/ all Directors
Name Designation Age Residential Mobile Email Qualification Post Details of
Address No. id Qualification Work
Work experience
experience
(in years)
14 Particular of the current empanelment as Stock & Receivable Auditor with other Banks/Financial
Institutions
(Copy of empanelment letters to be enclosed)
A Name of the Banks Empanelment since Valid Upto
1.
2.
3.
B Details of past experience as Stock & Receivable Auditors in last 2 years
(Details to be furnished in the following format)
Bank Branch Email id of Client Exposure of the client Nature of Date of
the Branch Name (FB & NFB separately) Task completion of
Handled assignment
Supporting fetters for assignments/term of reference needs to be attached.
. C Furnish the details if the firm or any of the qualified
Partner/Director have been de-paneled by any Bank
/Fl/Organization in the Past
D Furnish the details if appointed as Statutory Auditors
for any Bank
Please attach self-certified photocopies of the following enclosures:
Copy of Constitution Certificate /ICAI Registration of Firm/ Institute of Cost Accountant of India Reg No.
Copy of Partnership deed (in case of a firm)/ CIN, MOA and AOA (in case of a Company)
Copy of address proof (for addresses mentioned in s. no. 7 & 8)
Copy of Pan Card, GST reg No
Brief Profile of the Firm/ Company
Documents for SI. No. 13 (C) & (D) including PAN Card, address proof and other documents supporting
qualification and post qualification work experience.
Copy of Empanelment Letters of Banks as Stock & Receivable Auditors (14-A)
If already empaneled with 581 as SRA (copy of empanelment letter to be attached)
Summary of Assignments of Stock & Receivable Audit (14-8) (Copy of Letters for Assignments/Work
Order/Appointment Letters to be attached)
Copy of IT Return of Last 3 Years
I/ We solemnly declare that:
• I/ We are not statutory auditor of S8I or neither under cooling period and eligible to conduct stock Audit.
• I/ We have an unblemished track record (no history of blacklisting by any bank/ Fl, no listing in default I
caution /debarment list of RBI/ IBA/ SEBI / their professional institutes etc.). I/ We declare that my /our
name does not appear in the IBA Caution List. I/ We further confirm that in case of any such blacklisting/
depanelment, I shall inform you within 3 days of such action.
• I/ We have not been removed/ dismissed from service/ employment earlier.
• I/ We have not been convicted of any offence and sentenced to a term of imprisonment.
• I/ We have not been found guilty of misconduct in professional capacity.
• I/ We have not been declared to be of unsound mind.
• I/ We have not been an undischarged bankrupt or has not applied to be adjudicated as a bankrupt.
• I/ We solemnly declare that I will not undertake Stock & receivable audit of any firm/ Company in which I
have a direct or indirect interest.
• 11 we solemnly declare that the above information furnished /submitted by me/us is complete and entirely
true, and nothing has been concealed. I/we understand that any discrepancy I wrong information would
lead to cancellation / de-empanelment as Stock & Receivable Auditor with Immediate effect. I / We affirm
that terms and conditions of State Bank of India relating to empanelment as Stock & Receivable Auditor
are/will be acceptable to us.
• I/We agree that the Bank's decision regarding selection / rejection for empanelment will be final and
binding and no further correspondence will be entertained by the Bank in this regard.
• I/We further agree that my/our Empanelment with the Bank would not amount to any commitment by the
Bank to provide any professional assignment to me/us.
• I/we hereby confirm that all the necessary supporting documents are enclosed with the application.
On the Behalf of the firm and to be signed by Proprietor (in case of proprietorship firm), all partners (in case of
partnership firm & LLPs), all directors (in case of Company)
Name of the firm:
Signature Signature Signature
Name & designation Name & designation Name & designation
Signature Signature Signature
Name & designation Na:me & designation Name & designation
Date:
Place: