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End Use Certificate Formatted

The document is an end-use certificate from a statutory auditor confirming that Mr. Murugan R & Brothers has fully utilized a term loan of Rs. 59.50 million from ICICI Bank for the purpose of closing earlier business loans and improving their business. The auditor verifies that the entire disbursed amount has been applied as per the facility agreement. Additionally, it includes a disbursement structure detailing the loan amounts and current outstanding balances.

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2K views2 pages

End Use Certificate Formatted

The document is an end-use certificate from a statutory auditor confirming that Mr. Murugan R & Brothers has fully utilized a term loan of Rs. 59.50 million from ICICI Bank for the purpose of closing earlier business loans and improving their business. The auditor verifies that the entire disbursed amount has been applied as per the facility agreement. Additionally, it includes a disbursement structure detailing the loan amounts and current outstanding balances.

Uploaded by

kvdco1993
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Schedule I

Format of End use certificate


[On the letterhead of the auditor/accountant]
Format of end-use certificate from Statutory Auditor / chartered accountant

Date: 20.02.2024

To:
ICICI Bank Limited,
Branch,
Chennai – 600

SUB: Term Loan of Rs. Mn from ICICI Bank, to Mr. Murugan R & Brothers (the
“Borrower”) - Certificate of End-use
The Borrower has been sanctioned a Term loan of Rs. 59.50Mn (the “Facility”) vide the facility
agreement dated 21-02-2022 entered into between, inter alia, the Borrower and ICICI Bank, (the
“Lenders”).

The purpose (the “Purpose) of the Facility as per the terms of the Facility Agreement is as follows:

1.Closure of Business Loans Earlier Availed and Improvement of Business.

The latest disbursement of the Facility was availed on 31-03-2022 for an amount of Rs. 59.50 Mn
(the “Disbursed Amount”) and the end-use purpose stated by the Borrower at the time of
disbursement .

We have verified the books of accounts and other related documents and records maintained by
the Borrower. Accordingly, we hereby confirm and certify the following to you as the: -
1. The Disbursed Amount has been completely utilized by the Borrower and no amount
thereof is left unutilized as on date / out of the Disbursed Amount of Rs. 59.50 Mn.
2. The Rs. 59.50 Mn Amount has been applied by the Borrower in accordance with the Purpose stated
above. Closure of business loans earlier availed and Improvement of business purpose only

Annexure I

Term Loan Disbursement Structure

Date of Disbursement of Term Loan Loan Amount Current Outstanding


25/02/2022 Rs. 42 39,
30/04/2022 Rs. 17 15

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