OSBI -FE54, GYT-302005 Local Head Office,

Tilak Marg, C-Scheme, Jaipur-302005

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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.

************

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. (**).

1

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

3

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lenders on a quarterly basis.

These instructions for conducting SRA would also be applicable to CDR accounts.

4

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: