CORAA

Loan Restructuring Viability Certificate Format — CA Issued (Word)

A CA certificate assessing post-restructuring viability — computes the projected Debt Service Coverage Ratio under the bank's proposed revised repayment terms.

Free · CORAA original — SA-aligned
Updated 28 Jul 2026
Type
Certificate (not an audit opinion)
Computes
Projected net operating income ÷ projected debt service = projected DSCR
Issued for
RBI restructuring-framework proposals — viability support
UDIN
Required on every CA certificate
Share this template
Your firm — letterhead
Appears at the top of the document as the audit firm letterhead.
Used as the letterhead block.
Engagement details
The client and period this document is for.
Basis for the projection should be stated in the accompanying projected financials.
What’s inside

An excerpt from the template.

CERTIFICATE OF VIABILITY FOR LOAN RESTRUCTURING

This is to certify our assessment of the post-restructuring viability of ___ (PAN: ___) in respect of credit facilities availed from ___, based on the projected financial statements and revised repayment terms produced before us and the information and explanations given to us.

Reason for restructuring: ___.

Projected Debt Service Coverage for the Period Ending ___

↑ Excerpt only — the full template is what you download as Word
About this template

What you’re downloading, and when to use it.

This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.

Everything is generated in your browser and on a stateless API endpoint — no account, nothing stored on our servers. We’ll ask for a work email once before your first download so we can send you the file and the occasional relevant update; after that, downloads on this device are instant. Edit freely in Word, Google Docs or Pages before sending to your client.

Common questions

FAQs.

How does a restructuring viability certificate differ from the standard DSCR certificate?
The standard DSCR certificate computes a HISTORICAL ratio from actual audited/provisional figures for a period already completed. This certificate computes a PROJECTED ratio under the revised repayment terms the bank is proposing — it examines management's projections for arithmetical accuracy and consistency, not historical fact, and says so explicitly to avoid the certificate being read as more assurance than it provides.
Does this certificate recommend whether the bank should approve the restructuring?
No. It provides an independently examined projected DSCR figure as one input to the bank's own credit decision. The decision to approve, reject, or modify a restructuring proposal rests entirely with the lender's credit committee under its applicable RBI restructuring framework — the certificate supports that process, it doesn't substitute for it.
What responsibility does the projection assumption disclosure carry?
Since the certificate explicitly limits itself to arithmetical accuracy and internal consistency of the projections (not their realism), the accompanying projected financial statements should clearly state every material assumption used — revenue growth, cost trends, working-capital cycle — so the bank can independently judge assumption reasonableness rather than relying on the certificate for that.
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