Certificate on unhedged foreign currency exposure

Dear All,

I need to issue the certificate on foreign currency exposure to my client.(Form Attached).

Can anyone tell what I need to check in financials.

I am also confused regarding the provisioning requirement as mentioned in the circular.

Does Client has anything to do with provisioning requirement as mentioned in the circular.


Attached File : 235450 20180317004305 ufc metal universe.pdf downloaded: 3487 times
Replies (2)

Hi Rishab, 

Client nothing to do with provision, as a statutory auditor, you have to issue a certificate on unhedged foreign currency exposure with the following details: 

a. Closing balances of Trade payable. 

b. Closing balances of Loans availed in foreign currency. 

c. Closing balance of trade receivables. 

d. Closing balance of Cash held in foreign currency. 

The certificate has to be issued once in a yearly basis to client, who will submit it to Bankers

Dear All Senior Chartereds and Colleagues .

**Can anyone please explain the significance of these Totals and is the form filled correctly

USD Recivables/ payables

Import 125

Export 25

Is the form correctly filled  

Thanks

 

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