Income Estimation

Under these services the organization acts as outsourced consultants to facilitate Banks / FIs by conducting & preparing the professional assessment / income estimation & financial appraisal of salaried & business individuals having single or multi income resources. We have a team which possess an in-depth knowledge of diversified industry sectors including SMEs, trade practices, in-direct assessment bases, accounting & bookkeeping procedures, verification methodologies or framework, multi-information sources or documents authenticity, statutory-regulatory & other applicable standards, and the pre-approved reporting parameters for income estimation.

KGT execution strategy includes the following:

• Existence, ownership and involvement of applicant in service or/and business for a minimum period of time. (NTN certificates - business & applicant; Bank certificates for account & legal status confirmation; Appointment & employment letter; cash rewards & perks letter; Business correspondences; Bank statements; Business premises; Customers & suppliers details; etc.)
• Legal status and shareholding of the applicant in the business and its profit and loss and financial position. (Bank certificate for Sole proprietorship, Partnership deed; Company incorporation certificate; Memorandum & articles of association; Form A & 29; Salary certificate & slip; Professional qualification, practice & license certificates; etc.)
• Business gross revenues or Sources of revenue, direct & operating costs, administrative & other costs, estimated value of inventory & other assets, and allied business expenses. (Audited financial statements; Non-audited or management accounts; Memorandum books or record, Income tax returns & challans; Wealth tax returns & challans; Sales tax registration certificates & challans; Verification of sales, purchases and other expenses through original books of entry, memorandum records, authentic support documents, books of accounts, Existing financial obligations, and any other memorandum records)
• Personal Expenses information like household expenses, number of children or dependents, educational expenses of children, number of servant(s) and their compensation(s), utilities costs, leisure costs, number of vehicles & other belongings, etc.
• Investment portfolio including real estate properties.
• Professional review of any other authentic & verifiable information or document that is considered relevant to scope of income estimation.