About this certificate

This certificate states an entity's annual turnover and net worth for the financial years a tender asks about. It is drafted to the illustrative formats in the ICAI Handbook on Certificates by Chartered Accountants (October 2025), Annexure III.

What it certifies

That the turnover figures in the enclosed Statement were accurately extracted from the entity's financial statements, that the amounts behind the net worth were too, that the net worth arithmetic is correct, and that it was computed by the method the tender document prescribes.

It is about an entity — a company, LLP, firm or trust — not a person. The net worth is a figure per year, so this certificate carries no single net worth total and the Certificates list shows a dash where other certificates show one.

One certificate, two readings

The handbook prints this format twice: once for an entity whose financial statements have been audited, and once for one whose statements have not. They are not two certificates. They are the same certificate at two levels of assurance, and OptiVida asks you once which applies.

Audited financial statements availableReasonable assurance

The certificate ends in an Opinion, stated positively, and names the audit reports each year's figures were extracted from.

Only unaudited financial statements availableLimited assurance

The certificate ends in a Conclusion, stated negatively — "nothing has come to my/our attention that causes me/us to believe that…" — and lists the six procedures the handbook requires you to have performed.

The procedures, on the unaudited reading

A conclusion given with limited assurance has to rest on stated work, so the certificate prints what was done: the general ledger and trial balance checked, the turnover cross-checked against GST and income tax returns, sales invoices and the debtor's ledger examined, non-operating income and revaluation reserves confirmed to be excluded, the Statement's arithmetic tested, and written confirmation obtained from management.

Who it is addressed to

Two different parties, which is easy to get wrong.

The appointing authority is named in the address block at the top, because that is who asked for the certificate. But the restriction paragraph addresses the certificate to the Board of Directors of the entity — it is provided to them, to let the entity meet the tender requirement and submit the Statement to the authority.

Two clauses, not one

The wizard asks for two references into the tender document, and they are rarely the same.

Clause of the Tender Document

The clause whose terms and conditions the Statement is prepared to comply with.

Clause Prescribing the Net Worth Computation

The clause setting out how net worth is to be computed. The certificate states that your computation follows it.

How many years

The handbook illustrates three, because that is what tenders usually ask for. It is not a rule. Enter as many years as your tender requires and every phrase that lists them — the title, the scope paragraph, the assertions, the Opinion and the Statement heading — is built from the years you entered.

The enclosed Statement

The certificate is not the whole document. It encloses a Statement of Annual Turnover and Computation of Net worth, on its own page, carrying one row per financial year with the turnover and net worth for each.

That page is initialled for identification and separately signed. It has no total row: the years are three readings of one entity, not amounts to add up.