1Your business requirement
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Networth certificate
We assist in getting networth certificate in Chennai for visa processing, bank loans etc.
What this Service Includes
- Net worth certificate for assets worth up to 1 crores
Documents required
- Details of land and building
- Details of fixed deposits and other deposits
- Details of other assests such as vehicles
- Details or precious metals, gold, silver, platinum
- Bank account statements
- Details of loans and other borrowings
When you may need Networth certificate
2Your records or filing
Placeholder: add a relevant document, filing or compliance trigger.
3Your next step
Placeholder: explain when a client should contact Right Auditor for this service.
Why networth certificate is required ?
What is networth certificate ?
Networth certificate is a certified statement issued the professional stating the networth of the person, it is used to determine the value of the person in financial terms.
When does networth certificate is required ?
Networth certifcate is required to be submitted during visa processing, application for international studies, application for high value loans, application for certain tenders.
Increases financial credibility
Networth certificate infact increases the amount of financial assistance, networth certificate provides information about current market value of assets as against historical value in balance sheet.
Validation document for financial viability
Institutions requires networth certificate to validate financial viability of their vendors, to execute the orders provided to them on time and without financial constratints.
Steps in preperation of networth certificate
Discussion with client
Brief discussion with client is held to understand the nature of networth certificate, specific format required etc.
Data fetching
Detailed discussion with client is carried out, to get the maximum data required for preperation of networth certificate. This stage is essential to make client undertand what are the assets and liabilities required to prepare networth certificate.
Preparation of networth certificate
Networth certificate is prepared as per the format required by the client for specified purpose.
Professional certification
Networth certificate prepared will be sent to respective professional on behalf of client for verification along with required documents and details to issue certificate of networth.
Delivery of service
Once networth certificate is received from professional, it is handed over to the client with guidance and information about the networth certificate prepared for them.
Network certificateFAQ's
Select a question to read the answer.
01Does networth certificate is issued for fiancial year?
Networth certificate is position of networth as on the date of issue, it is not issued for the period it is the positional statement on certain point of time. If networth certificate is required along with financial statements, generally it will as on 31 st day of March.
02Can single networth statement can be issued for more than one person ?
Networth certificate should be issued for each person, the networth of more than one person cannot be clubbed together, normally networth certificate is issued based on PAN.
03What is the validity of networth certificate?
Generally networth certificate is not issued with validity, in some case based on risk assesment it may contains the restrictive words such as issued for certain purpose.
04How to get value of assets ?
For assets such as immovable property, precious metals, the current market value is used, for assets such as investments in business the the closing capital is used, and other assets is taken as per book value.
05Do I need to visit physically for networth certificate processing?
Physical presence is not require for networth certificate procesing, only the documents required and other details are to be shared in e mail or other modes, the hard copy will be posted at the option of the client.