Financial Checkup

We are helping the corporate for financial health check up.

Financial Check up is an organized approach to verifying all the pertinent facts finding the business operation. Our approach combines traditional financial examination of an entity's operating and cash flow performance and statement of financial position.

Scope

Statutory Compliance
Financial Report
Legal & Related Matters
Internal Control

Approach

Statutory Compliance
- Service Tax – Filing of Returns within due date, interest or penalty if any, notices received
- KVAT - Filing of Returns within due date, interest or penalty if any, notices received
- ROC – Filing of Annual Returns within due date, interest or penalty if any
- Customs - Filing of Returns within due date, interest or penalty if any, notices received
- Excise - Filing of Returns within due date, interest or penalty if any, notices received
- TDS - Filing of Returns within due date, interest or penalty if any, notices received
- IT - Filing of Returns within due date, interest or penalty if any, notices received
- STPI - Filing of Returns within due date, interest or penalty if any, notices received
- ESI/PF Act- Filing of Returns within due date
- Night shift policy- Compliance with the rules
- SEZ - Filing of Returns within due date, reply to notices received
- Luxury Tax - Filling of Returns within due date.
Financial Report
- Income statements, balance sheets, cash flows & notes to accounts
- Accounting policies are complied in preparing financial reports
- Books of accounts maintained – Statutory registers etc
- Loans & Borrowings – Terms, repayments & if any defaults
- Capital Structure – share holding pattern
- Comparison of previous year figures and projections
- Late payment of taxes, penalty paid reason for delay.
Legal & Related Matters
- Pending lawsuits against the company
- Pending lawsuits initiated by company
- Description of employee safety issue & liabilities
- List of material patents, copyrights, licenses & trademarks
- HR Policy
Internal Control
- Organization chart
- Process chart – Sales, Purchases, Payment to vendors, payroll, expense authorization
- Authorization matrix
- Procurement process