Our Services

Lender's Independent Engineering Services

Before you embark on a partnership with a new supplier, or perhaps if you wish to improve the standards of an existing supplier, it is important to review the factory’s performance and organization to ensure the quality level meets your requirements.

A Technical Audit is a thorough verification of a supplier’s manufacturing processes and quality control systems to provide confidence that your standards will be met or that any shortfalls will be resolved.

Technical Audits With RK Associates

Our Technical Audit is an independent and robust assessment to verify your supplier’s (or potential supplier’s) capabilities. The checklist can be tailored to your particular industry or product, with our specialist auditors providing an overall score to represent the real level of risk in your supplier.

The scope of a RK Associates Technical Audit may cover but not confined to:

  • Basic factory profile
  • Quality management system – factory’s quality manual, planning and management review
  • Resources management – human resources, purchasing and control of measurement devices
  • Stock management – storage of incoming materials, in-process and finished products
  • Incoming material inspection
  • Production processes – workshop organization, quality control during products
  • Packing and quality control processes before shipment – packing line organization, quality control before shipment
  • Measurement, analysis and improvement – factory internal audits, data management
  • Any other specific instructions from the client

Findings are collated in a comprehensive report and a correct action plan is provided to prioritize the most important follow-up actions for the factory’s improvement. 

Lender's Independent Engineering Services:

The Lender's Independent Engineer (LIE) is an agent of lending institutions like banks or non-banking financial companies (NBFCs) that help you audit various projects (commercial or non-commercial) from the technical point of view whenever the developer seeks funding from the financial institution.

Prior to investing in any project financial institutions, Bankers and investors intend to conduct thorough assessment of various aspects of their investments to safeguard the interests of the lenders and to ensure that the risk of the lender is minimized. From technical, legal to the commercial viability of the project, investors seek complete due diligence to mitigate risks and protect their interests.

The role of a Lender’s Engineer is to verify the physical status of work being implemented on the site; and to judge and report the quantum of finance actually being contributed and used on the project. These services assure the lender against misuse of funds.

Under the ASM, banks will now appoint specialized monitoring agencies to closely track the activities of the debtor (borrowers) including purchase/invoices, actual production vis-à-vis projections, high value transactions/ payments as regards beneficiaries and purpose, cash inflow/ outflow

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Email Us : valuers@rkassociates.org
Call Us : (0120) 4110117, 4324647, +91-9958632707
Address : D-39, 2nd Floor, Sector-2, Noida-201301

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