DocReady case · Small enterprise · Private limited company
Southgate Textiles Pvt Ltd
10 outstanding · 85% review gate
Continental Commercial Bank
Document request for Southgate Textiles Pvt Ltd · reference SGT-2026-0147
Dear Lakshmi Iyer, 8 items are still needed to complete your application for INR 4.25 cr (CC INR 2.85 cr + TL INR 1.40 cr). They are grouped below by the part of your file they belong to, and numbered so you can work through them in order. You do not need to send anything else.
Still needed — 8 items
8 of 16 already received
A. Company and identity papers1 item
- 1
Board resolution for borrowing
Without a signed resolution the company has not authorised anyone to borrow or execute security.
Returned to you — Unsigned and not on company letterhead. A signed copy on letterhead, certified by a director, is required before documentation.
B. Accounts, tax and GST2 items
- 2
Provisional financials FY2026, part year
Bridges the audited FY2025 position to the date of the application; without it the assessment is fifteen months stale.
Returned to you — Profit and loss present but balance sheet pages 3 to 5 are absent, so current assets and current liabilities cannot be read. Complete set required.
- 3
GST returns — GSTR-3B, last 12 months
Monthly outward supplies are the independent turnover check and drive the drawing-power view.
Returned to you — Covers 8 of the 12 required months, December 2025 to July 2026. August to November 2025 are absent, so the full-year turnover check cannot be run.
C. Banking and business operations3 items
- 4
Bank statements, last 12 months, all accounts
Conduct, cheque returns and collection routing cannot be assessed on one account when two exist.
Returned to you — CCB current account only. The client has declared a second account with Meridian Bank ending 8830, for which no statement has been provided. Twelve months required for that account.
- 5
Stock and book-debt statement, latest
Drawing power on the cash credit is computed off this statement; a stale one cannot be used.
Returned to you — Statement is as at 30 June 2026, making it 52 days old against a maximum of 30. Drawing power cannot be computed on it. Statement as at 31 July 2026 required.
- 6
Debtors and creditors ageing
Needed to strip debts over 90 days out of drawing power and to see creditor stretch.
D. Security and property2 items
- 7
Property documents for collateral — industrial unit, Coimbatore
A charge cannot be created without a clear title chain, and an existing mortgage changes the security position entirely.
Returned to you — The title deed carries an existing mortgage in favour of Meridian Bank dated March 2024. That contradicts the client's declaration of nil existing facilities and is consistent with the undisclosed Meridian Bank account 8830. Clarification and a charge search are required before the security can be relied on.
- 8
Latest valuation report
Sets the security cover ratio on the term loan; the panel valuer's report is the only accepted basis.
Faster option for bank statements
Grant Account Aggregator consent for your operating accounts and we retrieve twelve months of statements directly, in about two minutes, with no PDFs to find. Consent covers statements only, for this application, and expires on 3 November 2026.
Already received
- Certificate of incorporation
- Memorandum and articles of association
- KYC of directors — Lakshmi Iyer and Venkat Iyer
- PAN of the entity
- Audited financial statements FY2024
- Audited financial statements FY2025
- ITR with computation, FY2024 and FY2025
- Sanction letters of existing facilities with other lenders
Questions? Contact Priya Raghavan at the Coimbatore SME Branch. Continental Commercial Bank will use these documents only to assess this credit application and retains them per its RBI-aligned retention policy.