STATE BANK OF INDIA CHENNAI CIRCLE

Advertisement for empanelment of Valuers & Stock Auditors Last date for applying 31st July, 2013

Addressed to:

Assistant General Manager State Bank of India

Consultancy Services Cell Local Head Office

5th floor, No -16, College Lane Chennai 600 006

Tamilnadu

State Bank of India, Local Head Office, Chennai Circle

No 16, College Lane, Chennai 600 006

ADVERTISEMENT FOR EMPANELMENT OF VALUERS & STOCK AUDITORS

Advt. No. Concell / 01/Empanelment /2013-14

State Bank of India, Chennai Circle, invites applications from experienced

Valuers for valuation of fixed assets (Land & Building and Plant & Machinery)

Stock Auditors for stock and receivables audit.

(1) Eligibility condition

Applicants intending to apply for valuers / stock auditors should fulfil the following

eligibility conditions.

a. For empanelment as Valuer

Registered valuer of land & building and plant & machinery under Wealth Tax Act,

1957

Must be from companies / firms of engineers with at least 3 years of experience.

Member of Institution of Valuers.

Age not more than 70 years of age

For valuation of land & building, the applicant should be a graduate in civil

engineering, architecture or town planning of a recognised university

For valuation of plant and machinery, the applicant should be a graduate in

mechanical or electrical engineering of a recognised university

b. For empanelment as Stock Auditor

Registered valuer of stocks under Wealth Tax Act, 1957

Individuals/ companies/ firms of Chartered accountants

Age not more than 70 years of age

Member of Institute of Chartered Accountants of India.

Minimum three years of experience in audit of current assets.

2. How to Apply

Applications has to be only in the prescribed formats (Form 1, 2 & 3) along with

the self-attested copies of proofs / documents for item Nos. 2, 3, 4, 5, 7, 8, 9, 11,

13, 14, 15, 16, 18, 19, 20, 23, 24, 25 & 26 listed in Form - 2.

In addition to the proofs / supporting documents for the above mentioned item

numbers, also furnish the following supporting documents

a) I.T. Returns (last 3 years) of the valuer / stock auditors

b) Revenue & profit for the last three years (for the company)

Incomplete / partly filled applications will be summarily rejected

Please send the duly filled in applications along with the enclosures in a sealed

cover on or before 31st July, 2013, superscripted Application for Empanelment of Valuers / Stock Auditors to:.

The Assistant General Manager Consultancy Services Cell State Bank of India 5th Floor, Local Head Office No 16, College Lane Chennai 600 006

Applications have to be sent only by Registered / Speed post. Submission of

applications in person will not be accepted

Applications received after the last date will not be considered

The empanelment will be valid for a period of three years or attaining 70 years of

age, whichever is earlier

Canvassing in any form will be a disqualification

The Bank reserves the right to reject any or all applications without assigning any

reason thereof

Bank reserves the right to change (cancel / modify / add) any of the criteria and

method of selection.

Empanelment would not amount to any commitment on the part of the Bank to give

assignments.

Professional fee will be paid as per the Banks prevailing rates and is subjected to

change from time to time

Decision of Bank in all matters regarding eligibility, selection etc. would be final

and binding on the applicants. No representation or correspondence will be

entertained by the Bank in this regard.

3. General Instructions

Valuers and stock auditors who are already in our panel should also apply again

Only applicants found eligible will be called for an interaction to the nearest Zonal

office of our Bank

All expenses for participating in the interaction will have to be borne by the

applicants only

FORM - 1

From, Date: M/s ------------------------------- Address------------------------- ------------------------------------ ------------------------------------ ------------------------------------ -------------------------------------- Tele No. (O): Tele No. (R): Mobile No.

To, The Asst. General Manager State Bank of India, Consultancy Services Cell Local Head Office 5th Floor, No-16, College lane Chennai 600 006 Dear Sir,

APPLICATION FOR EMPANELMENT OF VALUERS / STOCK AUDITORS

With reference to your advertisement No. Concell/01/Empanelment/2013-14 dated

____________, Im / Were applying for empanelling as _______________________ in

State Bank of India, Chennai Circle. I / We enclose the duly filled in application form

along with the supporting proofs / documents. I / We confirm that the details filled up

are true and correct. I / We undertake to produce the original of all the supporting

proofs / documents attached herewith if shortlisted and called for interaction.

Yours faithfully,

(Authorised Signatory)

Date : Place :

Form 2

COMMON APPLICATION FOR EMPANELMENT OF VALUERS / STOCK AUDITORS

1 Name of the valuer / stock auditor

2 Date of Birth (dd/mm/yyyy)

3 Permanent Address with phone / mobile nos. of the valuer / Stock Auditor

4 PAN No. of the valuer / Stock Auditor

5 TIN No. of the valuer / Stock Auditor

6 Name of the Firm / Company associated with

7 Constitution

8 Date Established

9 Registered/ Communication Address of the Firm/ Company

10 Contact phone/ mobile Nos.

11 PAN No/ TIN No. of the company

12 If banking with SBI

A/c No.

Branch

Banking since

13 Educational/ Professional Qualification

Recent Photo

(sign across the photo)

Recent Photo

(sign across the photo)

Recent Photo

(sign across the photo)

14 Whether member of institution of valuers (for valuers)

Yes / No

If yes, membership details

15 Whether registered under Wealth Tax as a wealth Tax assessor (for valuers & stock auditors)

Yes/ No

If yes membership details

16 Whether member of Institution of Chartered Accountants of India (for stock auditors)

Yes / No

If yes membership details

17 No. of years of experience

18 Valuations works / stock audits done in the last three years (Attach list)

19 Empanelment with other financial institutions

Yes/ No

Brief details:

20 Maximum value of valuation/ stock audit done

21 Which are the industries for which valuation (plant & Machinery) / stock audit done

22 Details of infrastructure facility

23 Details about the other partners/Directors in case of Partnership firm/Company viz. name, address, Phone nos., qualification, experience

24 Furnish details if the firm/Co. has been depanelled by any bank/ organization in the past

25 Is the Firm/Co. is a statutory auditor in our Bank (for stock auditors)

26 Was the applicants sister / associate concern a statutory auditor during 2012-13 in our Bank (for stock auditors)

Note : If space provided is not sufficient kindly furnish the information in a separate sheet.

Yours faithfully,

( Signature ) ( Signature ) ( Signature ) Name & Designation Name & Designation Name & Designation

Place :

Date :

Encls : For Items No.

Form - 3 Format of undertaking to be submitted by the Valuer / stock auditors for Empanelment

UNDERTAKING I / We do hereby solemnly affirm and state that

I / We have not been removed / dismissed from service/ employment earlier,

I / We have not been convicted of any offence and sentenced to a term of imprisonment,

I / We have not been found guilty of misconduct in professional capacity,

Im / We are not an undischarged insolvent,

I / We have not been convicted of an offence connected with any proceeding under

the Income Tax Act 1961, Wealth Tax Act 1957 or Gift Tax Act 1958 and

I / We undertake to keep you informed of any events or happenings which would make me ineligible for empanelment as a valuer/ stock auditor.

I / We understand that Bank is not bound to invite all the applicants who have applied

for empanelment and has the discretion to invite select list of applicants for interaction.

I / We clearly understand and undertake that mere submission of application does not guarantee empanelment and Banks decision in this regard will be final and binding on me/us.

I / We understand that empanelment does not amount to any commitment on the part of the Bank to give assignment

I / We understand that the fee for the assignment will be as per the Banks prevailing rates and is subjected to change time to time

I / We have not concealed or suppressed any material information, facts and record and I / We have made a complete and full disclosure. Dated : . Signature Name. Address. . . . (To be signed by the individual / authorised signatory of the Firm/Company)