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Net Worth Certificate

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Net Worth Certificate

A Net Worth Certificate is a statement that certifies the financial net worth of an individual or business, issued by a Chartered Accountant (CA).
Net worth = Total Assets - Total Liabilities (as of a particular date).
Used for loan applications, visa processing, tenders, government contracts, investments, and subsidy eligibility.
It assures that the person/company has sufficient financial strength.

In simple words: It's a CA-certified proof of financial strength.

  • Individual Net Worth Certificate: For high-value visa applications, personal loans, property dealings.
  • Business/Company Net Worth Certificate: For loan sanction, bank guarantees, tenders, and investor proposals.
  • Proprietorship/Partnership Firm Net Worth: For MSMEs, SMEs, and startups when applying for bank finance.
  • Projected Net Worth Certificate: Based on future projections (used in startups, expansion projects).

1. Identity & Business Proof

  • PAN, Aadhaar, Passport (for individuals).
  • Company Incorporation / Udyam / GST (for businesses).

2. Financial Records

  • Audited Balance Sheet & Profit & Loss statements (last 2-3 years).
  • Bank Statements (6-12 months).
  • Fixed Deposit Receipts, Investment proofs.

3. Assets Proof

  • Property documents.
  • Machinery invoices.
  • Vehicle ownership certificates.
  • Valuation reports of assets.

4. Liabilities Proof

  • Loan statements from banks/NBFCs.
  • Credit card outstanding.
  • Secured/Unsecured loans details.

5. Certification Documents

  • Draft Net Worth Statement prepared by accountant.
  • CA Certificate in official format.

  • Individuals - For visa applications, property deals, personal guarantees.
  • MSMEs / SMEs - Required for working capital/term loan from banks.
  • Companies - Required for tenders, foreign collaborations, IPOs.
  • Startups - For funding, incubation programs, and government schemes.
  • Exporters/Importers - For DGFT licenses, export incentives, trade credit.

  • Loan Sanction Support: Banks rely on it to assess repayment capacity.
  • Government Tender/Contract Eligibility: Many tenders require a minimum net worth.
  • Visa & Immigration Requirement: Some countries ask for proof of financial stability.
  • Investor Confidence: Shows transparency and strong financial position.
  • Subsidy & Scheme Applications: Required in startup schemes, subsidies, and grants.
  • Clear Financial Picture: Helps promoters themselves understand financial standing.
 
     
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