OUR SERVICES . . . .
   
SERVICES
General Accounting
Review & Compilation
Account Outsourcing
Internal Audit Services
Internal Audit Services / Concurrent Audit Services:
Management Audit Services:
Operations and Efficiency Audit Services:
Special Investigative Audit Services:
Due Diligence Review:
Costing and Accounting System Design and Review:
Compilation of Final Accounts as per Accounting Standards of US GAAP:
Outsourcing Services:
Processes can be outsourced:
Difference of Outsourcing:
Why outsource to us:
Entry-Exit Services:
Our services include the following:
Entry Options for Foreign Investors:
Branch Office Facilities:
Liaison Office Facilities:
Project Office:
Site Office Facilities:
By Incorporating a Company in India through:
Exit Option for Foreign Investors:
Income Taxation Advisory Services:
Our Tax Advisory Services include:
IT Enabled Services:
Company Law / Secretarial services:
Project Financing:
The various financial products are as under:
 
General Accounting
 
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Our firm provides a full range of cost effective accounting services including the following:
  • General ledger and financial statement preparation
  • Accounting system setup for new businesses
  • Computerized payroll services
  • Bookkeeping
  • Business tax return preparation
  • Personal financial statements
 
Review & Compilation
 
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your Firm's profitability and efficiency. We provide financial reporting on two levels of assurance:
  • Review - some analytical procedures conducted with limited assurance
  • Compilation - based upon client information provided and used primarily for internal use.
 
Account Outsourcing
 
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with book keeping. Why outsource to us?
  • Major costs savings
  • Trained, highly Qualified staff at your disposal anytime you need
  • Your work is completed and is available to you the first thing in the morning.
  • You pay only for actual work done
 
Internal Audit Services
 
The firm has vast and varied experience in conducting all types of Audits for large & medium sized business entities. The firm also has the expertise to prepare financial statements not only in accordance with international accounting standards (IAS) but also in compliance with the generally accepted accounting principles (GAAP) especially US-GAAP.
 
Internal Audit Services / Concurrent Audit Services:
 
Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas of our procedures. Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value.
  • Compliance with management controls
  • System and process improvements
  • Financial impropriety and fraud audits
  • Due diligence for acquisitions and investments
 
Management Audit Services:
 
Productivity and efficiency of management are key determinants of an organization's success. Our procedures aim to maximize management performance by focusing on improving processes within the organization.
Top . . .
Operations and Efficiency Audit Services:
 
Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value. We focus on streamlining processes, minimizing waste and objective measurement of management and staff performance.
 
Special Investigative Audit Services:
 
Despite designing and installing high quality control systems, organizations do face situations involving fraud and financial impropriety. We have assisted clients in unearthing such situations and taking remedial action.
Top . . .
Due Diligence Review:
 
We assist clients in conducting financial, legal and accounting reviews in case of mergers, acquisitions and investments. A sound understanding of local laws, regulations and accounting practices enables us to vet all critical issues in detail.
 
Costing and Accounting System Design and Review:
 
Accurately measuring and managing cost and accounting data is critical for management decision making and reporting. Our assistance in developing and installing these systems help management their decision making process.
 
Compilation of Final Accounts as per Accounting Standards of US GAAP:
 
We assist clients in compilation of final accounts as per US GAAP standards which help companies to compete effectively and efficiently in global market.
Top . . .
Outsourcing Services:
 
Traditionally, Business Process Outsourcing has been a management tool available only to large companies. These companies saved millions in monitory terms as well as much in non-monitory terms by outsourcing their LOW OR NO VALUE ADDITION ACTIVITIES, such as Accounting, Finance and Human Resources to specialized service providers.
 
  We provide business process outsourcing, consulting and accounting system implementation to small, emerging growth and concept-stage businesses. We pride ourselves on providing practical solutions for back-office needs. Our Associates include experienced CAs, ICWAs, CSs, MBAs, Advocates, and Accountants.
  Top . . .
  Processes can be outsourced:
   
 
  • CFO/Controller Consulting
  • Financial Statement Preparation
  • Payroll Processing
  • Raising of Equity Capital
  • Raising or Renegotiation of Bank Debt
  • Tax Strategy and Minimization
  • Financial Modeling
  • Business Planning
  • Preparation of Audit Work papers for Year-End Audit
  • Preparation of Monthly Financial Statements
  • Internal Control Reviews
  • Statutory Compliance under various Acts as Applicable
  • Implementation of Accounting Software
  • Due Diligence for Mergers and Acquisitions
  • Excise, Sales Tax and Service Tax Compliance and Audits
  • Employee Benefits and Compensation Strategies 
  Top . . .
  Difference of Outsourcing:
   
 
  • Work is to be performed by experienced professionals
  • Cost is known and fixed
  • A long-term commitment is not required
  • Expectations and deadlines are mutually agreed and consistently met
  • Experts are always available for special projects
  • A policy and procedure manual is prepared and kept up to date
  • A logical, orderly, and neat filing system is established and maintained
  • If full-time staff is eventually required, we can help with recruiting and training
  • After our assignment is completed, we are always available for special projects
   
  Why outsource to us:
   
  We being "working consultants" not "button pushers", we "hit the deck running" - our experience is extensive. In other words we've "been there, done that." No assignment is too big, too small, too complex or too convoluted for us. We make ourselves flexible; the client can use us as much, or as little as they wish. Monthly or visit basis price arrangements are at the discretion of the client.
  Top . . .
  Entry-Exit Services:
   
  India’s economic policies are designed to attract significant capital inflows into India on a sustained basis and to encourage technology collaborations between Indian concerns and foreign entities. Policy initiatives taken over the last decade by successive finance ministers of India have resulted in inflows of foreign investment in diverse sectors of the economy.

We provide services to the prospective foreign investors in order to facilitate their investments into India.
   
  Our services include the following:
   
 
  • Providing consultancy services for the regulatory compliances required as per the various provisions applicable under the Foreign Exchange Management Act, the applicable notifications and circulars of the Reserve Bank of India and other relevant laws in force at the time investment is intended
  • Provide easy clearance service for the formation of companies in India
  • Documentation and Registrations required under the Companies Act with the Registrar of Companies and other applicable corporate laws
  • Preparing business plans focused on the strategy and implementation plans for exploring business opportunities in India
  • Advice on whether the business opportunities are potentially financially viable.
  • Developing long term vision and targets for existing businesses, when it enters the Indian Market
  • Helping in the efficient tax structuring, while balancing risk and reward through new tax policies like Special Economic Zones (SEZs) and Software Technology Park of India (STPI)
  Top . . .
  Entry Options for Foreign Investors:
   
  A foreign company that is planning to set up business operations in India has the following few options:
 
  • Branch Office
  • Liaison / Representative Office
  • Project Office
  • By Forming a Company in India
   
  Branch Office Facilities:
 
  • Government of India has allowed foreign companies that are engaged in manufacturing and trading activities abroad to set up Branch Offices in India for the following purposes:
  • To represent its parent company/ other foreign companies in various matters in India such as acting as buying/selling agents over here.
  • To conduct research work in those areas where the parent company is engaged.
  • To undertake export and import trading activities
  • To promote all possible technical and financial collaborations between the Indian and overseas companies.
  • Rendering professional or consultancy services.
  • Rendering services in IT and development of software the country.
  • Rendering all sort of technical supports to the products supplied by the parent/ Group companies.
  • Foreign airlines or shipping companies.
  Top . . .
  Liaison Office Facilities:
   
  To enter the Indian market, the foreign companies set up a Liaison/ Representative office in India. This office is not allowed to undertake any business activity in the country or earn any income. In fact the role of Liaison/ Representative Office is limited to collecting information about the market opportunities and about the prospects of its company’s products.

Any person residing outside India is permitted by the Reserve Bank of India (RBI) to establish a Liaison office in the country and may carry out the following activities:
 
  • May represent in India the parent company or group companies.
  • May conduct research work in those areas in which the parent company or the group companies are engaged.
  • May promote export and/or from/ to India.
  • May promote technical or financial collaborations between the parent or group companies in the country.
  • May act as a communication channel between the parent company and the Indian companies.
  Such offices are permitted only for 3 years initially but it may be extended from time to time.
   
  Project Office:
   
  Those foreign companies that are planning to execute specific projects in India are permitted by RBI to set up temporary project/ site offices in the country. Such approval is generally accorded in respect of approved by appropriate authorities or whether the project is financed by the Indian bank/ Financial Institution or else from a multilateral/ bilateral international financial institution.
  Top . . .
  Site Office Facilities:
   
  By site office it means a sub-office of the project office that is established at the site where the project is being implemented. It does not include a Liaison office. No person resident outside India shall, without prior approval of the Reserve Bank, establish in India a branch or a Liaison office or a project office or any other place of business by whatever name called.
  Top . . .
  By Incorporating a Company in India through:
   
 
  • Joint Venture (JV), or
  • A Wholly Owned Subsidiary
  Foreign equity in such Indian companies can be up to 100% depending on the requirements of the investor, subject to equity caps in respect of the area of activities under the Foreign Direct Investment (FDI) policy.
  India welcomes Foreign Direct Investment (FDI) in almost all industries. Foreign investors can now freely hold majority of stake in most of the sectors, be it manufacturing, telecom, software, services sector, trading, export-import, etc. Companies that are incorporated or are registered in India are governed by the Companies Act 1956.
  India after liberalization has not only opened it's doors to foreign investors but also made investing in India easier for them.
 
  • Foreign exchange controls have been made easier on the account of trade.
  • Companies now can raise funds from overseas securities markets and can enjoy considerable freedom to invest abroad for expanding their global operations.
  • Foreign investors can remit earnings from their Indian operations.
  • Foreign trade is by large free from regulations, and tariff levels have come down steeply in the last couple of years.
   
  Exit Option for Foreign Investors:
   
  In view of various amendments under Foreign Exchange & Management Act and Reserve Bank of INDIA regulations, exit route for the foreign Investor is become quite easy to attain the objective of free flow of foreign exchange.
  Top . . .
  Income Taxation Advisory Services:
   
  We prefer to take a proactive vs. reactive approach to tax services. As Indian economy is transforming into a developed economy, we, by keeping current on new tax laws and legislation, are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they desire throughout the year. Tax services offered include, but are not limited to:
 
  • Tax planning for individuals and corporate
  • Return preparation for
  • Individuals
  • Corporate
  • Tax effects of buying, selling and start up a business
  • Advisory Services for Special Economic Zone (SEZ)
  • Advisory Services for non residents under Foreign Exchange Management Act (FEMA)
  Top . . .
  Our Tax Advisory Services include:
   
 
  • Income Tax
  • Fringe Benefit Tax (FBT)
  • Tax Deducted At Source (TDS)
  • Wealth Tax
  • Corporate Tax
  • Service Tax
  • Value Added Tax (VAT)
  • Excise and Custom Duty Tax
  • Transaction Tax
  Top . . .
  IT Enabled Services:
   
  Gone are the days when audit is done through a manual process as the automation of business process and maintenance of record.  We, at “SANTOSH K AGRAWALLA & ASSOCIATES”, Chartered Accountants are equipped with latest technology like Information System Audit and Computer Aided Audit Techniques (CAAT).
  We do also have specialized knowledge of implementing ERP System and provide expert advice in the following areas:
 
  • System study, design, analysis and implementation,
  • System Audit,
  • Assisting in designing of customized software,
  • Processing of client transactions e.g. payroll & fixed assets, accounting etc.
  • ERP implementation  (Oracle, SAP and other ERP System)
  These services are being promptly provided by us, so that scheduled engagements can be met economically in time.
  Top . . .
  Company Law / Secretarial services:
   
  Secretarial Services - back office work or compliance with all company law requirements like maintenance of statutory records, minute books & filing of required documents with the Registrar of Companies (ROC) etc.
  Advisory Services regarding all company law matters & Merger and Amalgamation of Companies
Representation before Registrar of Companies and Company Law Board.
FEMA & RBI Advisory services regarding foreign exchange regulations and matters with the Reserve Bank of India
  Mergers and Acquisitions: We provide consultancy on all company law issues in respect of mergers and acquisitions of companies and also carry out the entire range of services / activities involved in carrying out complete merger / acquisitions exercise.
   
  Project Financing:
   
  Our exhaustive arrays of services include dealing in various financial products and include Project Feasibility study; project Financing, Project implementation by arranging finance for Corporate, Businessmen, Traders and Exporters etc.
  Top . . .
  The various financial products are as under:
   
 
  • Unsecured Corporate Loans,
  • Loan Syndication for Bigger Projects/Expansion Plan etc.
  • Working Capital, Term Loans from Banks
  • Takeover by Banks/Financial Institution
  • Packing Credit Loan, Letter of Credit for Importer & Exporter
  • Bank Guarantee
  • Clean overdraft (OD)
  • Loan against Property
  • Foreign Direct Investment (FDI)
  • Foreign Private Equity and Venture Capital
  • Preparation of Project Reports, Formation of Company and Allied Services
  • Non Fund Based Products Facilities
  • Standby letter of credit
  • Funding for Real estate Business
  Top . . .
 
 
 
     
101546 Times Visited