SGCO Profile Assurance Risk Advisory

RISK ADVISORY & MANAGEMENT ASSURANCE
SGCO & Co
Chartered Accountants
1
© Copyright 2014. Strictly Private & Confidential. Not For Circulation.
Index
About SGCO
3
Affiliation - Kreston International
4
Our Values
5
Service Universe
6
Our Leaders
7
Risk Advisory & Management Assurance
8
Core Team
13
Credentials
15
Contact
18
2
About Us
S G C O & Co.
 Established in 1992, with a vision to become a global consulting
firm providing wide range of professional services.
 A multi disciplinary Chartered Accountants firm, catering to over
200 client groups across diverse sectors.
Factors
Driving Quality Professional Services
Service Verticals
Six service verticals providing specialised professional services.
Partners / Director
14 partners, each service vertical is led by dedicated experienced partners.
Professionals
Over 70 qualified professionals and 150 plus executive staff. Independent &
dedicated teams of highly skilled professionals under each vertical.
Infrastructure
Operates from CBD Andheri, Mumbai with two branches at Baroda & Surat.
SGCO has grown over two decades, from 2 to 14 partners firm having built professional
capabilities providing quality services to mid & large size corporate and SME clients.
3
Affiliation With ‘Kreston International’
Kreston International is amongst the top
15 network of independent accounting
firms of the world, headquarter in UK.
1
A stepping stone in building professional network across
the Globe in providing services to Indian clients at
International locations and vice-versa.
2
Kreston members are accustomed to work together on
client assignments to deliver seamless and cohesive
international solutions.
3
Kreston’s globally coordinated quality monitoring and
review programme supports member firms in
maintaining Quality Standards.
4
SGCO participated at various Global summits and
presented papers on Indian economy & emerging
professional opportunities.
 More than 600 offices in 105 countries.
 21,000 professional and support staff.
 Global fee revenue of over US $2,000
million.
SGCO’s affiliation with Kreston, A forward step aimed to fulfil its vision to become
– ‘A True Global Consulting Group’
4
Our Values
Basics Of Professional Services
 Strict adherence to the ethical, professional and
independence standards.
Ethics, Independence &
Objectivity
Quality Service &
Client Satisfaction
1
2
 Objectively guide to solutions with emphasis in clients’
interests.
 Dedicated teams
consistently.
upgrading
quality
standards
 Right man at the right work yielding desired satisfaction.
 Direct supervision of Partner for each assignment.
Management of Change
3
 Strong planning and safeguards.
 Continuous education & skill development programs to
adapt changes.
5
Service Universe
Attest &
Compliance
Risk Advisory &
Management
Assurance
 Statutory Audits
 Audit of Public Sectors Undertakings
 Bank Audits
 Certification
 Special Audits as required under various statues
Partners
Professionals
Staffs
6
25
40
2
22
50
 Internal, Management and Operational Audit
 IT & System Audit

Process Re-engineering & SOP
 Due Diligence

Cost Reduction, Fraud Investigation
Direct
Taxation




Domestic Income Tax compliances
Representations
 Litigation
Tax Planning
 Opinions
Cross Boarder Taxation
 Transfer Pricing
2
7
20
Indirect
Taxation




VAT, Excise, Service Tax, Customs, etc.
Representations, Litigation & Opinions
Consultancy on GST Transformation
Compliance Services
 Planning & Transaction Structuring
1
9
20
Transaction &
Business Advisory




Transaction Structuring
Corporate Structuring
Valuations
Joint Venture Structuring
2
4
10
Corporate & Allied
Laws




Company & LLP Formation & Compliance
Compliances of SE & SEBI
 Secretarial Services
Inbound & Outbound Investment compliances and Advisory
Consultancy – Companies Act
1
3
10



M&As and Demergers
India entry strategy
Strategic Alliances
6
Our Leaders
Sunil Goyal, FCA
Financial Consultancy & Business
Advisory (Chairman of WIRC of ICAI 2006-07)
Manoj Singrodia, FCA
Transaction Advisory & International
Taxation
KVS Shyamsunder, FCA
Attest & Compliance – Finance
Service Sector
K M Tulsian, FCA, LLB
Attest & Compliance – SME Sector
Narayan Pasari, FCA
Corporate Laws & Consultancy
O D Bihani, FCA
Indirect Taxation - Service Tax,
VAT, Excise & Custom Laws
Vinit Rathi, FCA
Management Assurance & Corporate
Finance (Vododara Branch Partner)
23
23
22
23
38
28
28
30
E
X
18
P
E
R15
I
E
O N14
F C
E
Y
E
A
R
S
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Suresh Murarka, FCA
Attest & Compliance – Large
Corporate
Sanjeev Lalan, FCA
Direct Taxation – Consultancy &
Litigation (Chairman of WIRC of ICAI 2010-11)
Shyam Singrodia, FCA
Attest Compliance – Large Corporate
& IFRS
Shiv Singrodia, FCA, DISA
Direct Taxation – Compliance &
Representation
Ram Agarwal, FCA
Risk Based Internal Audits, SOPs,
DDRs & Special Reviews
Vinod Goyal, FCA
Taxation and Audit
(Surat Branch Partner)
13
11
7
Mukesh Gilda, FCA
Risk Assurance, Internal Audits &
Investigation
Risk Advisory & Management Assurance
 Statutory Audits
Attest &
Compliance
Risk Advisory
& Management
Assurance
Direct Taxation
Indirect
Taxation
Transaction &
Business
Advisory
Corporate &
Allied Law

Audit of Public Sectors Undertakings
 Bank Audits
 Certification
 Special Audits as required under various statues



Internal, Management and Operational Audit
IT & System Audits  Process Re-engineering & SOP
Due Diligence
 Cost Reduction, Fraud Investigation

Domestic Income Tax compliances

Representations

Litigation

Tax Planning

Opinions

Cross Boarder Taxation

Transfer Pricing




VAT, Excise, Service Tax, Customs, etc.
Representations, Litigation & Opinions
Consultancy on GST transformation
Compliance Services
 Planning & Transaction Structuring

Transaction Structuring

Corporate Structuring

M&As and Demergers

Valuations

India entry strategy

Joint Venture Structuring

Strategic Alliances




Company & LLP Formation & Compliance
Compliances of SE & SEBI

Secretarial Services
Inbound & Outbound Investment compliances and Advisory
Consultancy – Companies Act
8
Risk Advisory & Management Assurance

Risk based Internal & Management audits.

Independent assessment of risks & controls of the existing processes, identify process improvement
opportunities and practical recommendations.

Use of control rating indices for evaluating and benchmarking overall internal control environment.
Cost
Reduction
&
Improvement studies.
Profit

Fraud Investigation.

IT & System Audits.

Assistance
in
ERP
implementation, pre & post ERP
implementation review.
Special
Assignments

Service
Universe
Due Diligence
Reviews
Internal, Operational &
Management Audits

Financial, Commercial & HR due
diligences.

Objective driven Due Diligence
Reviews to assist in setting up
reliable information base for the
proposed transaction.
Business Process Review
& SOPs

Design, mapping, documentation & evaluation of business processes for transition from ‘as-is’ to ‘ought tobe’ along with roles & responsibilities (KRA / KPI).

Preparation of SOPs (Standard Operating Procedures) and upgrading automation levels.
9
Key Strength
 Multi skilled resources for special audits requiring domain knowledge
Team & Knowledge
+
 Each assignment is led by an experienced qualified Team Lead
 Perform audits using knowledge bank of risks & controls including related IT controls
 Communicate and agree on the audit plan with process owner and Key Client Contact
Audit Execution
 Prepare data requirement list and intimate process owners in advance
 Closely work with audit coordinator to ensure completeness and focused audit
 Instant guidance & support from Experts (SMEs)available in other service verticals
+
 Appreciation of Business Issues through active guidance from Partner in Charge
 Enhanced focus on recommendations and value additions
Quality Assurance
SGCO
Advantage
 Establish a core team which will normally not change
 Regular quality & progress reviews by the Partner in-Charge
 Internal Peer Reviews within the firm by Senior Partner not directly involved in engagement
Execution team including Partners having in-depth experience of handling Risk Advisory &
Management Assurance assignments for several clients (domestic & international) across different
industries.
Outsourcing of Internal and Operational audits by several large and mid size companies to SGCO is
testimonial of quality services being delivered to clients.
Our team, by benchmarking with best practices, brings to these assignments insights & knowledge of leading
practices gained from experience of working with corporate clients in varied sectors.
10
Service Delivery Process In Internal Audits
Project
Management
Gain client
understanding,
organization
structure, key
business objectives
and processes
Audit Planning
Execution
Discuss, document
and agree on detailed
audit plans for areas
agreed as per IA
Scope
Conduct internal
audit reviews as per
agreed Audit Plans
Risk and Controls Evaluations
Reporting
Reporting to
Management and
Audit Committee as
per agreed protocols
Management
Process Understanding and Validation
Reporting
Gap Analysis and Value Recommendations
11
Internal Audit Deliverables
Audit
Deliverables
1
Independent evaluation of compliances with policies,
procedures & applicable laws and regulations.
2
Support & assist the Board & Management in discharging
governance responsibilities.
3
Provide greater Control Assurance Framework for all key
risks.
4
Assist to standardize the processes, procedures and
systems relating to different functions of an entity.
5
Business supportive practical solutions.
6
Assist in enhancing Operational
processes and resources.
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efficiencies
of
the
Team
Senior People Profile
Core Execution Team
Ram Agarwal, Partner
CA Vishal Mandani
 Over 14 years of professional experience in handling
diverse engagements of Internal Audits, Business Process
Reviews, Cost Reductions & Profit Improvement plans and
Due Diligence Reviews.
Fraud, Investigation,
DDRs and Internal Audits
Y
E
A
R
S
CA Vivek Sultania
O
F
 Partner leading Risk Advisory & Management Assurance
vertical.
Mukesh Gilda, Partner
 Over 11 years experience in Risk Based Internal Audits,
DDRs, Fraud Investigations and Preparing SOPs.
 Served large & mid size clients (domestic as well
international) of diversified industry segments
Narayan Pasari,
Quality & Peer Review
 Over 27 years of diverse experience in the field of Internal
Audit, Due Diligence Reviews Systems Analysis & Design
and Corporate Law
 He was co-opted as a member of the International Affairs
Committee of the ICAI in ‘03 –’04
7
6
ERP Implementation, IT &
System, Process Audits &
Review
CA Ashwin Rai
3
Internal & Management
Audits, SOPs and Cost
Reduction
E
X
P
E
R
I
E
N
C
E
CA Amit Dubey
5
Management & Internal
Audits, DDR and Cost
Reduction
CA Arifa Gumani
5
Operational & Internal
Audits and SOPs
CA Kapil Bansal
5
Internal & Management
Audits and SOPs
Quality Assurance
A team of qualified professionals (over 15) having past
experience of working in leading professional firms with a
good track record, committed to deliver quality services.
13
International Assignments
1
2
3
Management and Internal Audits for Gitanjali Jewellery in UK, Italy,
Hong Kong, China and Mauritius.
Internal Audits for Vaibhav Gems in Bangkok, Germany, UK, Hong Kong
and Singapore.
Due diligence reviews for acquisitions in Italy and UK.
14
Credentials – Internal & Management Audits
Omkar Realtors &
Developers
MSC Agency
Prozone Mall
Wind World
(Enercon)
Clariant Chemicals
India Ltd.
Git
Real Estate &
Construction
Shipping & Logistics
Gitanjali Gems
Ltd.
Responsive
Industries Ltd.
Gems & Jewellery
Parag Milk Foods
Dairy Farming &
Products
Mall Construction,
Wind Mill & Wind Farms
Property development
Speciality Chemical
Insta Exhibitions
Kisan Moulding
Provogue India
Ltd.
Exhibition, Packaging
Irrigation
Fashion Garments
Arya Iron & Steel
Co.
Catwalk
Worldwide
South Asia
Terminals
Govind Rubber
Iron & Steel
Retail & Fashion
Shipping & logistics
PVC & Vinyl Products
15
Tyre & Tube
Credentials – DDRs and SOPs
Due Diligence Review
Gitanjali Gems
Gitanjali Gems Ltd.
DDRs for Acquisition of
Manufacturing facility
and brands in Italy and
UK
Parag Milk Foods
Rajshree Industries
Gitanjali Gems Ltd.
Gitanjali Gems Ltd.
Product Costing &
Margin analysis for VDD,
Investment of INR 1750
Mn
Future Group
Gitanjali Gems Ltd.
FDD for Investment of
INR 170 Mn
DDR for Acquisition of
Substantial Stake in Food
Processing Park in
Jharkhand
Gitanjali Gems
Shekhawati Poly-Yarn
Process Re-engineering / SOPs
Kisan Moulding
Gitanjali Gems Ltd.
SOPs and Process
Reengineering on
Operational Areas
Catwalk Worldwide
Gitanjali Gems Ltd.
Gitanjali Gems Ltd.
SOPs on Inventory
Management, Credit
Control, Supply Chain in
India, HK & China
SOPs on Buying, Supply
Chain, Retail and
Accounts Functions
16
Gitanjali Gems Ltd.
SOPs and Process
Reengineering on
Operational Areas
Credentials – Special Assignments
Gitanjali Gems
SRF Limited
Rajshree Industries
Provogue India Ltd.
Fraud investigation, Cost
Reduction,
Fixed Assets Register
Fixed Assets Review and
FAR Mapping
Process Review and ERP
Implementation
Fraud Investigation
MCGM
Vaibhav Gems
HLL Limited
DIC Fine Chemicals
Inventory Audit and Review
for Western Region
Fraud Investigation in
Accounts Payable &
Reconciliations
CLR Facility
Prozone Mall
Preparatory Work for DDR
for Sale of Business
Cost Reduction Studies and
RMC costing
Consulting on Tax Rates for
New Property Tax System
BJN Films
Specific Review of
Manufacturing Operations
in China
SK Films
SK Films
Process Mapping, SOPs &
Production Cost sheet
Production Cost sheet
Developing for Movies
17
Contact
Ram Agarwal
Mobile - +91 93240 22233
Email: [email protected]
Mukesh Gilda
Mobile - +91 99304 06677
Email: [email protected]
Mumbai
Vadodara
Surat
4A, Kaledonia-HDIL,
2nd Floor, Sahar Road,
Near Andheri Station,
Andheri (East),
Mumbai – 400069. India.
Tel.: +91 22 6625 6363
Fax: +91 22 6625 6364
E-mail: [email protected]
102 - 103,
Shivani Flats,
B/H Bank Of India,
Ellora Park, Vadodara,
Gujarat - 390 023.
Tel.: +91 265 2387747
Fax: +91 265 2392665
E-mail: [email protected]
403,
Shree Shyam Chambers,
Opp. Sub Jail,
Ring Road, Surat,
Gujarat – 395 002
Tel.: +91 261 2321366
Fax: +91 261 2369023
E-mail: [email protected]
www.sgco.co.in
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