Enhanced Due Diligence for Trade Clients (Non facility)

EDD Questionnaire
Part A – Basic information given to the person who will be meeting the client
Date of request
Report Number
Name of Client
Location / Zone
Recommending RM ECN
Name of Proprietor/, Directors/Partners/Trustees/HUF
Contact details
Name and designation of person met

Part B – Site visit findings (filled by MOG Executive / vendor based on visit)

Type of Entity

Whether client has prior experience in

same business? For how long is the client
engaged in the business?
In case of new business
(less than one year)

Complete background of the client

Where he was working before and if it

was in same line of business?

Registered Address
Address given by Bank
Address of place of business
Address visited by us
Whether it is also the place from where the
business is run?

If residential Address then If business place is different, EDD to be done

there.

If residence is also a business place then

whether there is office set up at residence?

Check the reason why place was closed on

working days?
If visited premises is closed
then
Has re-visit been done at the premises when
it is open?

(CONFIDENTIAL)
 Type of
Approx size of the premises Location
building
Number of floors in the
Type of location Furnished?
building
Is proprietor
Group companies operate Number of staff
based from that
from same building? noticed
location

Competitors in the New or old

Name board type
vicinity building

General remarks on the

office premises

If there is NIL staff, what is the

In case of No staff in the reason?
premises
Is business is run by only promoters?

Part C – Data collated by the executive post discussion with the client.
Client Relationship & Sister Concerns (If any):
Existing Relationship With IndusInd bank (Mention Name
of Firm/Company and Cust id)
Line of Business of Associate/sister concerns (Mention
separate for each entity)
Date of Incorporation/Establishment of Associate/Sister
concerns (Mention separate for each entity – if provided by
the client)
Business & Transaction Profile:
Business Activity Trader / Distributor /
Polishing Import / Export Services
Retailer
Mobiles & mobile
NGO Consultancy Broker
accessories

Business Category and Diamond –

Other electronic
product/services Polished/rough Software Export/Import ITES
items
Diamonds
Jewellery
Financial
Retailer/Manufa Real Estate Others
Services/NBFC
cturer/Bullion

What kind of software is developed?

In case of IT services / Software Which industry uses this software?

Development
What Kind of IT services and what is the
end use of IT services?

Whether the stock is seen?

Where does he supply and buy from?

Stock Details (countries)

Check if the business requires stock?

If stock is not seen in the

Check if the business requires stock?
premises

(CONFIDENTIAL)
 If stock is required then where is the
stock kept? Collect information regarding
the place stock is kept

Turn Over in (Crs) Less than

<1 (1-5) (5-10) >10
INR 1 Crore
Existing Bank Name (please
mention Primary bank if
multiple Banking)
Cash Deposit (In lacs)/ month
< 10 (10-20) 20-40 >40
Less than INR 1 Lakh
Fund based – ( ) Non-fund bases ( ) Any other ( )
Credit limits (In Crs)
- -

Export/Import (If any):

IEC Code

Import Turnover (in INR)

Export Turnover (In INR)

Script seeking additional information:

1. Which is the preferred mode of payment for you and your suppliers (to be discussed for merging question no 1 and 4):
Some time Direct & Some time Advance

Equally divided between

Majorly Advance payments Majorly Direct Payments Any Third Party payments
Advance & Direct Payments

2. Do you need any Trade Advisory Services to handle complex Trade transactions like:
a. Merchanting Trade
b.Third party remittances

3. Are you dealing with any of the following countries:

a) Cuba, b) Sudan, c) Iran, d) Myanmar e) North Korea f) any other High Sensitive countries.

4. If answer for Q1 is “Advance remittance” then check with the client – “How do you protect yourself against risk of supplier
default”

5. Since when is the client in the current line of activity?

6. If less than one year what was the line of activity prior to entering into current line of activity?

7. In case of export advance receipt/import advance payment what is the period within which goods will be shipped?

(CONFIDENTIAL)
Part D – Other information collated by the vendor (not from client)
Particulars Remarks

Market feedback

Google search

CIBIL Score (individual for Sole traders and Entity for

others)
Is client on any regulatory caution list

Risk rating

Part E – Details of the executive who has filled in Part B, C and D

Name of the Staff

ECN

Date of report

Date handed over to Bank

STOCK IMAGE NAME BOARD IMAGE

OFFICE IMAGE OFFICE IMAGE

(CONFIDENTIAL)
(CONFIDENTIAL)