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Vivriti Capital Private Limited
June, 07th 2019
Vivriti Capital Private Limited                   Request for Internal reviewers




                        Vivriti Capital Private Limited




                                  Request for

                                   Internal
                                  Reviewers
                                   2019-20




                                                                   Page 1 of 7
Vivriti Capital Private Limited                     Request for Internal reviewers




TABLE OF CONTENTS


 Section           Document description             Page No.
      1.           Request for Internal Reviewers          3
      2.           Company Profile                         4
      3.           Eligibility Criteria                    5

      4.           Scope of assignment                     6

      5.           Instructions for Reviewers              7
                   and general terms &
                   conditions




                                                                     Page 2 of 7
Vivriti Capital Private Limited                                  Request for Internal reviewers



                                    Section-1
                          REQUEST FOR INTERNAL REVIEWERS


Vivriti Capital ("VCPL") invites interested Chartered Accountant firms and LLPs to
submit their interest for internal reviews of the company's clients on as an when
required basis on the terms and conditions contained herein.

The interested parties are advised to adhere to the following schedule for the
purpose of this Request and submit their queries, replies & quotations at details
mentioned below:


      Date of issuance of Request           :   6th June 2019

      Last Date for submission of :             15th June 2019
      queries, if any
      Reply to the queries/ clarification :     25th June 2019
      by the Employer and issuance of
      Addendum, if any
      Last date for submission            :     30th June 2019

"NO INTEREST OR QUOTES WILL BE CONSIDERED AFTER THE LAST DATE & TIME FOR
                              SUBMISSION"

Contact Details:

You can contact at the following details:
Ms. Abhishek Rungta (Finance & Accounts)
(M) +91 ­ 95001-25144
Email: abhishek.rungta@vivriticapital.com
Address: Vivriti Capital Private Limited, 12th floor, Prestige Polygon,
          No. 471, Anna Salai, Nandanam, Chennai ­ 600035




                                                                                  Page 3 of 7
Vivriti Capital Private Limited                               Request for Internal reviewers



                                     Section-2
                                  COMPANY PROFILE


Vivriti Capital is India's first tech enabled marketplace that brings together capital markets
investors with institutions, small enterprises and individuals. It started with a mission to
offer efficient and customized financial solutions to individuals, enterprises and
institutions.






The founding team comes with a collective experience of more than five decades in
lending, investment banking, structured finance and asset management, and are passionate
about innovation and the use of technology in the dissemination of financial services in
India. The team has previously collectively assessed more than 500 retail lending
organizations in India and abroad, developed underwriting frameworks for various types of
retail lending in India and used capital markets to deepen financial inclusion in India.


For any further details on company profile, please visit www.vivriticapital.com




                                                                               Page 4 of 7
Vivriti Capital Private Limited                                    Request for Internal reviewers



                                       Section-3
                                  ELIGIBILITY CRITERIA
1. The firm must be empaneled with ICAI, without which the application of the
firm would not be considered.
2. Firms must qualify following minimum criteria:


 S No                             Particulars                           Minimum Criteria
    1        Number of Full Time Fellow Partners associated with 03
             the firm for not less than 2 years (As per Certificate
             of ICAI as on 01.01.2019
    2        Turnover of the firm per year (Last two Financial         Min Rs. 20 lakhs/-
             years)
    3        No. of years of firm existence                            3 Years +
    4        No. of assignments of Internal Audit of NBFC              1
             (preferably SME/LAP/Business Loans/Secured
             mortgage loans) of similar size in the last 3 years
             (2016-17 to 2018-19)


Any firm not qualifying these minimum criteria need not apply as it shall be
summarily rejected.


3. Supporting Documents for Eligibility Criterions:
Following supporting documents must be submitted by the firm along with the
technical quote/interest:
For Sl. No. 2 (1) above, the firm must submit an attested copy of Certificate of
ICAI as on 01.0.2019.
For Sl. No. 2 (2) the firm must submit a copy of the financials for the last two
years.
For Sl. No. 2 (4), the firm must submit a copy of the appointment letters/audit
completion certificate etc., from the auditee organizations.




                                                                                    Page 5 of 7
    Vivriti Capital Private Limited                                   Request for Internal reviewers




                                             Section-4
                                      SCOPE OF ASSIGNMENT


  Areas       Sub-Areas                                         Detailed scope
Compliances a. Sourcing                        Review compliances to client's internally set
               policy                          policies, through reviewing ~200-300 disbursed
                                               files.
            b. Underwriti
                                               During the above, we need to capture data in
               ng Policy                       relation to ­
            c. Collection                      Customer Demographics (Name, Age, Income, Loan
               policy                          Amount, Vintage in current business/profession, CB
                                               Score, Co-applicant & Guarantor details, interest
                                               rate etc.)
                                               Collateral/Security details (LTV, FOIR, Mortgage
                                               type, hypothecation created)
                                               In case of property (Original papers are there, legal
                                               reports, technical reports)

Repossession a. Assets repossession            Data to be reviewed for assets repossessed.
analysis        process                        Compliance with the internal repossession policy
                                               Realization time for repossessed assets
             b. Stock audit
                                               Repossession loss analysis based on different
                                               customer profile and assets class.
                                               Analyzing stock repossession frequency, sale
                                               frequency, avg. stock available in the yard/locker/
                                               other storing place.
Performance a. Performance of                  Understanding the roll forward and roll back rates
analysis       Overdue customers               Early warning signals tools implemented by the
                                               organization and its efficacy.
                                               Trends across overdue customers
                                               Restructuring/ Refinancing of loans and its approval
Bank              a. Equity inflows & RPT  Analyzing bank statement for Equity inflow, RPT
Statement            transactions          transactions, disbursement trends, etc.
Analysis                                   M-o-M knock off transaction in the bank statement

System            a. System review for         Covenants compliance
Review               recording method          Dedupe functionality and efficacy
                                               Classification of the loans
                                               Different MIS report running ability and cross
                                               verification.




                                                                                       Page 6 of 7
Vivriti Capital Private Limited                              Request for Internal reviewers




                                       Section - 5
                        INSTRUCTIONS FOR INTERNAL REVIEWERS

    1.   Review shall be conducted at VCPL's client branch or HO located across PAN India
         on case to case basis.
    2.   Reviewers should apply for the locations where they have physical branches, VCPL
         would assign clients review based on such locations.
    3.   Review duration would be ~ 4 days on each VCPL's client.
    4.   Empaneled firm to depute 4 competent audit personals having experience
         working as internal auditor for NBFC (preferably SME/LAP/Business
         Loans/Secured mortgage loans) headed by Chartered Accountant for the review
         work.
5. Review must stress more on systems and processes, understanding the customer & collateral profile on the client's borrowers . All gaps, lapses and departures from approved standard Accounting Practices, customer & collateral profile are to be reported to the review Committee. 6. 7. Reports, complete in all respects should be submitted within a weeks' time from the end of the review period. 8. Internal Reviewer to be present in Review committee meetings, if called for. General Terms & Conditions: 1. The interest/quotation documents shall be treated as "confidential". 2. Interested firm may enclose the following: (a) Copy certificate on Registration of the Company/firm (b) Copy of PAN Card (c) Copy of GST Registration (d) Copy of the IT Return, P&L account and balance sheet. 3. The rate of GST etc., prevalent on the date of tender, should be clearly indicated in the tender itself, if it's not mentioned; it will be treated as inclusive. 4. Incomplete interest/quote will be summarily rejected. 5. More than one bid shall not be accepted from one party. 6. Conditional bids will not be accepted. 7. Selection of the internal reviewers shall be at the sole discretion of the company (VCPL). Page 7 of 7
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