Monitoring and Recovery Guidelines

               Monitoring of regular projects -

i)                    Regular monitoring to find out/assess if there is any risk/problem that might arise in production, marketing, management or financial position (particularly cash flow) of the project.

-          Always control any unplanned, unrealistic and/or risky investment/expansion.

-          Prevent/control possible fund diversion affecting company’s regular operation.

-          To see if utility bills, rent, tax and VAT are paid timely.

-          Collect information about health condition of main sponsors. 

ii)                  Regular accounts should never be allowed to be irregular. Always monitor regular accounts to ensure regular repayment. If any regular client fails to pay any single installment, respective monitoring officer should at once contact them and ensure collection of the overdue amount before the next installment falls due.

iii)                One monitoring officer should be assigned dedicatedly to ensure timely deposit of installment cheques and immediately contact client if any cheque is dishonored. First remainder letter (standard format) should be issued and commitment should be taken from that particular client as to when they will clear the cheque and follow up accordingly.