1 Addressee & Client Details
Bank branch this certificate is addressed to, and the borrower being certified.
2 Projection Period & Unit
Number of years to project and the unit in which figures are stated.
3 Year-wise Financial Projections
Enter Profit Before Tax (PBT) and total Interest Expense for each year. EBIT and ICR are auto-computed.
4 Certifying CA / Firm Details
Signatory information that will appear at the bottom of the certificate.
CA CERTIFICATE ON INTEREST COVERAGE RATIO (ICR)
Based on the information and explanations provided by the management and on the assumptions contained in the project report, the Interest Coverage Ratio (ICR) has been computed as under:
The Interest Coverage Ratio indicates the number of times earnings before interest and tax cover the borrower's interest obligation. The figures stated above have been arrived at on the basis of the audited / management-certified financial statements and / or projections furnished to us, the accuracy of which is the responsibility of the management of the enterprise.
This certificate is issued at the specific request of the client for submission to Canara Bank in connection with the proposed credit facilities and should not be used for any other purpose.