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| Raj Kumar Kothari & Co. |
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| R K Kothari & Co. is a renowned chartered firm having experience of more than twenty two years with more than ten partners. Its a kolkata based firm having branches in mumbai,hyderabad and siligury also. we have opened our new branch at vadodara. |
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¬Introduction :
We would like to introduce our firm as a Chartered Accountncy providing financial services since 1990. We have been providing specialised services like Internal Audit, Statutory Audit, Stock Audit, Management Audit to well known Industrial Houses like Jayshree Tea & Industries Ltd., Merlin Group, Dhunseri Tea, Bengal Tea, Lallachera Tea Co. Pvt. Ltd., Kalpana Industries Ltd., Titagarh Steel Ltd., Steel Tube Co., Channel Eight Studio Limited, Budge Budge Co. Ltd., Narendrapur Tea Co. Ltd., Bhaithakhal Plantations, Maheshpur Tea Estate, State Bank of India, State Bank of Bikaner & Jaipur, Central Bank of India, Corporation Bank, Macneill Engineering Ltd., BESCO Limited, U.T.Ltd., Fogla Group, Eastern Logica, Hyderabad Industries Ltd, Garden Reach Shipbuilders & Engineers Ltd., etc.
We assure you that we will leave no stone unturned in completing any job entrusted by you, to your entire satisfaction. For your ready reference, we are enclosing herewith a detailed Internal Audit Programme for your perusal. In case you propose to entrust our firm with any other audit programme or directives which is specific to your company the same may be discussed.
Also, our firm has been registered with The World Bank, Inter American Development Bank vide Registration No. 3364(Xerox enclosed).
In this connection we enclose a profile of our firm for your perusal and favorable consideration.
Thanking you and assuring you of our best services.
We remain,
Yours faithfully,
Navin Daga
(Partner)
For
R K Kothari & Co.
Chartered Accountant
TURNING
KNOWLEDGE
INTO
VALUE
OUR FIRM
Business enterprises are facing new markets, new technologies and new competitive challenges in present dynamic world. The current trend of globalization of the new economy, the evolution of e-commerce as the modern way of operating business has changed the business horizon. In this scenario, we consider it our privilege to be of service to you and to help you to add value to your portfolio.
We are a Chartered Accountancy firm registered with the Institute of Chartered Accountants of India in the year 1990. We are based at Kolkata -the Intellectual capital of India, with branch offices at Mumbai, Hyderabad, Ranchi, New Delhi and Guwahati. Our firm is also empanelled with comptroller & Auditor General of India for public sector audit work, World Bank and Inter American Bank for financial administrative consultancy.
We believe to stay ahead in the vibrant changing economic world to provide you the most consistent and prompt quality Services. This philosophy is backed by experienced and motivated professionals with matching expertise. We not only provide you with business solutions under one roof but also regularly and timely upgrade knowledge and increase awareness.
OUR MISSION
We are committed to provide consistent, customized and workable solutions to our clients and strive to support our services with the highest level of professionalism, efficiency and technology.
AUDIT AND ACCOUNTING
These Services include conducting audits that are statutorily required in accordance with Indian regulatory requirements as well as other audits depending on your requirements.
RANGE OF SERVICES
Statutory Audit under Corporate laws.
Tax Audit under Income Tax laws.
Statutory Audit of Bank Branches under Banking Regulations.
Statutory Audit under Societies & Trust Laws.
Due Diligence Audit and Investigation.
Accounting and preparation of Accounting manuals
Limited Review.
Concurrent Audit.
Management Audit.
Stock audit.
Revenue Audit.
Systems Audit.
TAX ADVISORY AND COMPLIANCE
Today, the tax matters are very complex. We provide comprehensive solutions in the area of direct taxation like income tax, Wealth tax and indirect taxation like Sales tax, Excise, Service tax
RANGE OF SERVICES
COMPLIANCE
Preparing and filing of Tax Returns, E-TDS Returns, Electronically uploading.
Preparing and filing of ROC Returns under MCA-21 Intermediary set up,
Preparing PAN Cards, allotment of TAN number under TIN-Facilitation centre
Attending Assessment Proceedings.
Peparing and filing of Tax Appeals.
Attending Appellate Proceedings.
Services related to withholdings taxes.
TIN Centre service like New Pan, TAN, PAN/TAN correction etc.
E Payment of Taxes.
Digital signature preparation.
ADVISORY
Tax Planning.
Advice and Opinion on issues arising under direct and indirect tax laws.
Designing tax-efficient pay-packages for executives.
Liaison with attorneys abroad with regards to International taxation.
IFRS compliance.
MANAGEMENT CONSULTANCY
These services include Internal Audit, Management services, systems designing and evaluation, cost cutting and profit enhancement plans.
RANGE OF SERVICES
Internal and Management Audit
Concurrent Audit
Performance Appraisal
Assistance in Decision Making
Activity based Costing
Budgetary Control Systems.
Systems study, design and evaluation.
Design and Development of Accounting, Costing and Management
Information System.
Comprehensive services to management in all areas related to profitability of operations.
FINANCIAL AND CORPORATE ADVISORY
Growth in business has to be accompanied by sound financial management and controls. Corporate can gain a broad range of financial, corporate advisory and secretarial services.
RANGE OF SERVICES
Compliance under various provisions of corporate laws
Company Secretarial Services.Incorporation and Petitions under Companies Act.
Assisting in raising finance including IPO/Equity Placement.
Undertaking feasibility studies and preparing Project reports.
Assisting in Bank/Financial institutional Borrowings.
Assisting in Capital Investment and Restructuring Decisions.
Venture Capital Finance.
SET UP AND ADMINISTRATIVE
The key focus of these services is to assist enterprises to enter the Indian market, set up a new business entity, assist in handling the entire back office operations and to train executives with regards to various Indian laws.
RANGE OF SERVICES
SET UP
Setting up liaison/branch/project office in india under foreign exchange regulations of Reserve Bank of India.
Obtaining Foreign Investment promotion Board(FIPB), for solo or joint venture entry.
Company Incorporation and related government approvals.
Obtaining registrations and permissions like Sales Tax(VAT) Registrations, Import Export Code, Excise Registrations, Income Tax PAN, etc required to Commence business operations in India.
Assisting in staff recruitment and training.
ADMINISTRATIVE
Handling Accounts, Auditing and related administrative functions.
Designing and adopting Management Information Systems.
Preparing Budgetary Control Systems.
Handling Payroll.
Other regular services such as tax compliance and advisory, management services, corporate, secretarial, financial services, etc.
We also assist in exit mechanism procedures
OUR CLIENTELE:
Our clientele includes large Indian business houses and entrepreneurs. It is our privilege to have the pioneers and leaders of some of the prosperous Industries of India and abroad.
BESCO Limited
Channel Eight Studio Ltd.
Coal India Limited
Eden Group
Merlin Group
Bohra Constructionss Ltd.
Swastik Oil Industries Ltd.,Nepal
Lallachera Tea Co. Ltd.
Narendrapur Tea Co. Pvt. Ltd.
Maheshpur Tea Co. Ltd.
Dhunseri Tea & Industries Ltd.
Narsingpur Tea & Industries ltd.
Jayshree Tea & Industries Ltd.
Budge Budge Company Ltd
Titagarh Paper Mills
Premco Rail Engineers Limited.
Ganapati Balaji Spinning Mills Pvt. Ltd.
Sirohia & Sons Pvt. Ltd.
United Bank of India
Allahbad Bank
State Bank of India
State Bank of Bikaner & Jaipur
Central Bank of India
Corporation Bank
Hukam Pharmaceuticals Pvt. Ltd.,Nepal
A.M.Industries Ltd.
Palm Developers Ltd.
Hulas Motors Ltd.,Nepal
NCS Travels & Tours Pvt. Ltd.
Kalpana Industries Ltd.
Macneill Engineering Limited
U.T.Limited
GATI Infrastructures Limited
Micky Metals Ltd.
Acmechem Limited.
Arch Group
Tide Water Oil Company Ltd.
INDUSTRY FOCUS:
Aviation
Information Technology
Agro Chemicals and Agro based products
Media and Entertainment
Engineering and Infrastructure
Instrumentation
Life Science and Bio Technology
Eye-care Pharmaceuticals
Banking & Finance
Heavy Engineering Industries
OUR TEAM
RAJ KUMAR KOTHARI
B.Com(Hons), F.C.A, A.C.S, AICWA,World Bank & Inter-American Development Bank Consultant.DISA(Diploma in Information System Audit), IFRS (International Financial Reporting Standards), Diploma in Business Valuation.
Mr. Raj Kumar Kothari is the founder of the firm. He is a fellow member of the Institute of Chartered Accountants of India an associate member of the Institute of Company Secretaries of India, He is also an associate member of the Institute of cost and works Accountants of India and a honors graduate in commerce. He passed C.A, C.S and I.C.W.A in the year 1990 with distinction and rank in C.A and costing. He is also the recipient of National Scholarship Award from Calcutta University. He has done his graduation with 1st class from Saint Xaviers College, Kolkata in the year 1988. He is empanelled with the World Bank and Inter American Bank as finance and administrative consultant. He has 20 years of rich experience in almost all fields, to name a few, taxation laws, company law, auditing, corporate finance, non residents exchange control regulations, services relating to setting up of liaison/project office in India, etc. He has excellent rapport with bankers and various government departments. He is also a fellow member of Institute of Chartered Accountants of Nepal. He is an Information System Auditor (ISA) and has also qualified Valuer having been in the 1st batch of the Institute of the Chartered Accountants of India to qualify for IFRS.
NAVIN DAGA
B.Com (Hons), ACA
Mr.Navin Daga is an associate member of the Institute of Chartered Accountants of India and a graduate in commerce from St. Xaviers College, Kolkata . He brings along with himself great work experience in the fields of Statutory, Tax and Internal Audits. He has expertise in manufacturing sector and closely associated in implementation of ERP.
SUYASH TULSYAN
B.Com (Hons), ACA
Mr. Suyash Tulsyan is an associate member of the Institute of Chartered Accountants of India and a graduate in commerce. He brings along with himself great work experience in the fields of Statutory, Tax and Internal Audits. Suyash has been associated with brands like Deloitte, Infosys during his post qualification experience.
ASHOK KUMAR GHOSH
M.Com, F.C.A, AICWA
Mr. Ashok Kumar Ghosh who was Chief Manager of one of the leading Co-operative Bank has joined our Firm and have a rich experience of 25 years and is fellow member of the Institute of Chartered Accountants of India, an associate member of Cost Accountant of India and a Master in commerce. He has a brilliant academic record and is an excellent professional. He has been involved in offering advisory services on accounting systems, accounting principals, tax planning, etc. His interest in Tax Compliance matters is appreciable. He also assists in Statutory and Tax Audits. He has a big hand in the development of firms Systems and Consulting Manuals. He is specialized in Government Audit, Bank Audit, Insurance Audit etc.
VIVEK BHUTORIA
M.Com, A.C.A, C.P.A(US) CFA(US)
Mr. Vivek Bhutoria is an associate member of the Institute of Chartered Accountant of India. He has got an excellent academic record and has done M.Com. degree from the Mumbai University. He has also done his certified public accountants course from USA and certified financial analyst from USA. At present he is engaged in BPO in relation to Income Tax Return filling for USA Companies. He is also the lecturer for CPA & CFA Courses. He is at present in London for some outsourcing program with MELLON, one of the biggest mutual funds in U.S.
JATANLAL BARADIA
B Com (H) FCA
Mr. Jatanlal Baradia is a B.Com Honors graduate and a Fellow member of the Institute of Chartered Accountants of India. He has more than 30 years of experience as a practicing chartered accountant. Apart from providing financial advisory services on accounting systems, accounting principals, tax planning he is a much sought professional in business circles.
SANJAY KUMAR PARAKH
B Com (H) FCA
Mr. Sanjay Kumar Parakh is a Fellow member of Institute of Chartered Accountants of India and a B Com Honors graduate. He has wide ranging experience in all aspects of audit and taxation. He is been providing consultancy services to a host of business units and corporate houses on a regular basis for the last 20 years.
RAHUL BENGANI
B Com (H) MBA, ACA
Mr. Rahul Bengani is a B.com Honors graduate and an Associate member the Institute of Chartered Accountants of India. Has a strong base in Forex, conceptual accounting and finance.
ABHISHEK RAI
B Com (H) ACA
Mr. Abhishek Rai is a B.com Honors graduate and an Associate member the Institute of Chartered Accountants of India. Good technical accounting knowledge in financial accounting. He is experienced in providing financial services relating to projects.
RAKESH KATHOTIA
B.Com (Hons), FCA, DISA
Mr Rakesh Kathotia is a fellow member of the Institute of Chartered accountants of India and a graduate in Commerce; He is practicing since 14 years in the fields of Taxation and Corporate Law matters. He has experience spread across various audit fields, not to mention Statutory and Tax Audit. He has also been involved in offering advisory services on Taxation, Company Law Matters and Management Consultancy. He has participated in various seminars & workshops of Southern India Regional Council of Institute of Chartered Accountants of India. He has completed the Diploma Course in Information system Audit conducted by the Institute of Chartered Accountants of India.
NARESH KATHOTIA
B.Com (Hons), FCA
Mr. Naresh Kathotia is a fellow member of the Institute of Chartered Accountants of India and a graduate in commerce. He is practicing since 10 year. He is in charge of the firms Audit Division. Apart from taxation, his areas of of specialization also cover Auditing, to be more specific Bank Audit. He has experience in the fields of Internal and Concurrent Audit of branches of banks. He has also conducted Inspection Audits.. His participation in various seminars & workshops of Southern India Regional Council of the Institute of Chartered Accountants of India is worth noting.
In addition to the above, the firm has a pool of qualified and semi qualified staff segregated over firms various areas of professional practice who can accomplish the job in the perfect manner.
OUR OFFICES
HEAD OFFICE
In Charge: Raj Kumar Kothari
Chartered Accountants
32, Ezra Street,4th Floor
Suite # 403, Kolkata 700 001
Phone: (O) 2235-0677, 2234-1478
Mobile: 98310-79963
E-mail: rkothari@cal3.vsnl.net.in
MUMBAI OFFICE
Branch in Charge: Shri Ashok Ghosh
A-801, Vasant Smurti,Thakur Co
90 Feet Road,Kandiville(E)
Mumbai 400 101
Phone: 2854-5556
Mobile: 98202-40747
KATHMANDU OFFICE:
Raj Kumar Kothari & Co.
Chartered Accountants
New Road, Phasikeba
Kathmandu, Nepal
Phone: 425589
Fax: 4255443 RANCHI OFFICE
Branch in Charge: Abhishek Rai
.
Chartered Accountants
1 Club Road
Ranchi
Phone:
GUWAHATI OFICE
Branch in Charge: Vivek Bhutoria
Raj Kumar Kothari & Co
Chartered Accountants
Mangal Ram Tower
1st Floor, Room No:111 A.T.Road
Guwahati - 781001
Phone : 9435701090
0361-2737755 NEW DELHI OFFICE
Branch in Charge: Rahul Bengani
Raj Kumar Kothari & Co
Chartered Accountants
G-39 Kirti Nagar, 1st Floor
New Delhi
Phone: 011-65755251
HYDERABAD OFFICE
Raj Kumar Kothari & Co
Chartered Accountants
119 Mahalkali Street
Room No: 3, Secundrabad
Mobile: 9885101842 VADODARA OFFICE
Branch in Charge: Navin Daga
Raj Kumar Kothari & Co
Chartered Accountants
Room No. 208
Panorama Building,
2nd Floor, Race Course Road,
Vadodara - 390 005
Gujrat , India.
Mobile: +91-9067207986
SCOPE OF INTERNAL AUDIT-MANUFACTURING INDUSTRY
1. PURCHASE:
a. Overview of Purchase System: Whether Centralized or Localized.
b. Verification of Rates & Quotations against Purchase Order.
c. Evaluation of efficiency in Purchases.
d. Purchase Planning and Budgeting.
e. Evaluation of information system for purchases.
f. Calculation of Average Credit period /Average Payment period.
2. INVENTORIES :
a. Physical verification.
b. Adjustment of variations between physical and book stocks.
c. Determination & reporting of obsolete and Dormant Stocks.
d. Scrutiny of purchase invoices, Goods received notes and stores
ledger entries.
e. Stock holding period, level of Investments.
f. Scrap, wastages, losses, defectives and returns.
g. Production-Consumption Reconciliation.
h. Indirect Material consumption, if any.
i. Tools & implements, physical checking, capitalisation &
Consumption.
j. Quantity Ledger maintained for finished goods & by-products
to be verified with the production & sales figures as communi-
cated by plant and outward Invoices/Sales section verification
of closing Balance with plant returns.
k.Store items: fixation of levels of Inventory; i.e. Maximum
level, Minimum level, Re-order level etc.
3. PRODUCTION:
a. Machine Utilization/Idleness.
b. Production planning records scrutiny.
c. Outside processing.
d. Outside jobs.
e. Plant Engineering records.
f. Production efficiency variances determination.
g. Accounting of Scraps and production wastes and variance
determination with respect to Budgets.
4. SALES/MARKETING/DISTRIBUTION:
a. Whether centralized or localized.
b. Sale bills, dispatch advices and sale registers.
c. Sales Tax & relevant forms.
d. Evaluation credit policy & its execution including dealers
terms.
e. Sales information system.
f. Debit/credit Notes.
g. Sales performance; product/territory/salesman wise.
h. Transporters Bills.
5. DEBTORS: a. Aging Analysis statement.
b. Security of old Advances/Bad & Doubtful debts identification.
c. Collection period/time lag in collection.
d. Reconciliation & confirmation of certain bulk debtors.
6. OTHER AREAS :
a. Creditors.
b. Subsidy Receipts.
c. Salaries & Wages.
d. Journal.
e. Vouching: Cash & Bank
f. Ledger Accounts scrutiny.
g. Gate pass system.
h. Other Assignments regarding; Canteen, Stationery, Personnel.
7. Review of system established to ensure compliance with those Plans, procedures, laws and
regulations. Which could have significant impact on operation and determine whether organisa¬ tions in compliance thereof or not.
8. Review of means of safeguarding assets, verification of such assets.
9. Accomplishment of Established Objectives/Goals for operations/ programmes.
10. Review of Statutory Payments.
11. ACCOUNTS & FINANCE:
a. System of Maintenance of Financial Accounts and Cost Accounts Whether Integrated or Separated. b. Effectiveness of internal checks in Accounts department. c. Does the Costing system suits the needs of organization? d. Allocation, apportionment of overheads.
12. Manpower Analysis & Utilization, efficiency.
13. Accounting treatment of MODVAT including its impact on valuation of inventories.
14. Other areas as per your Special Instructions.
¬Introduction :
We would like to introduce our firm as a Chartered Accountncy providing financial services since 1990. We have been providing specialised services like Internal Audit, Statutory Audit, Stock Audit, Management Audit to well known Industrial Houses like Jayshree Tea & Industries Ltd., Merlin Group, Dhunseri Tea, Bengal Tea, Lallachera Tea Co. Pvt. Ltd., Kalpana Industries Ltd., Titagarh Steel Ltd., Steel Tube Co., Channel Eight Studio Limited, Budge Budge Co. Ltd., Narendrapur Tea Co. Ltd., Bhaithakhal Plantations, Maheshpur Tea Estate, State Bank of India, State Bank of Bikaner & Jaipur, Central Bank of India, Corporation Bank, Macneill Engineering Ltd., BESCO Limited, U.T.Ltd., Fogla Group, Eastern Logica, Hyderabad Industries Ltd, Garden Reach Shipbuilders & Engineers Ltd., etc.
We assure you that we will leave no stone unturned in completing any job entrusted by you, to your entire satisfaction. For your ready reference, we are enclosing herewith a detailed Internal Audit Programme for your perusal. In case you propose to entrust our firm with any other audit programme or directives which is specific to your company the same may be discussed.
Also, our firm has been registered with The World Bank, Inter American Development Bank vide Registration No. 3364(Xerox enclosed).
In this connection we enclose a profile of our firm for your perusal and favorable consideration.
Thanking you and assuring you of our best services.
We remain,
Yours faithfully,
Navin Daga
(Partner)
For
R K Kothari & Co.
Chartered Accountant
TURNING
KNOWLEDGE
INTO
VALUE
OUR FIRM
Business enterprises are facing new markets, new technologies and new competitive challenges in present dynamic world. The current trend of globalization of the new economy, the evolution of e-commerce as the modern way of operating business has changed the business horizon. In this scenario, we consider it our privilege to be of service to you and to help you to add value to your portfolio.
We are a Chartered Accountancy firm registered with the Institute of Chartered Accountants of India in the year 1990. We are based at Kolkata -the Intellectual capital of India, with branch offices at Mumbai, Hyderabad, Ranchi, New Delhi and Guwahati. Our firm is also empanelled with comptroller & Auditor General of India for public sector audit work, World Bank and Inter American Bank for financial administrative consultancy.
We believe to stay ahead in the vibrant changing economic world to provide you the most consistent and prompt quality Services. This philosophy is backed by experienced and motivated professionals with matching expertise. We not only provide you with business solutions under one roof but also regularly and timely upgrade knowledge and increase awareness.
OUR MISSION
We are committed to provide consistent, customized and workable solutions to our clients and strive to support our services with the highest level of professionalism, efficiency and technology.
AUDIT AND ACCOUNTING
These Services include conducting audits that are statutorily required in accordance with Indian regulatory requirements as well as other audits depending on your requirements.
RANGE OF SERVICES
Statutory Audit under Corporate laws.
Tax Audit under Income Tax laws.
Statutory Audit of Bank Branches under Banking Regulations.
Statutory Audit under Societies & Trust Laws.
Due Diligence Audit and Investigation.
Accounting and preparation of Accounting manuals
Limited Review.
Concurrent Audit.
Management Audit.
Stock audit.
Revenue Audit.
Systems Audit.
TAX ADVISORY AND COMPLIANCE
Today, the tax matters are very complex. We provide comprehensive solutions in the area of direct taxation like income tax, Wealth tax and indirect taxation like Sales tax, Excise, Service tax
RANGE OF SERVICES
COMPLIANCE
Preparing and filing of Tax Returns, E-TDS Returns, Electronically uploading.
Preparing and filing of ROC Returns under MCA-21 Intermediary set up,
Preparing PAN Cards, allotment of TAN number under TIN-Facilitation centre
Attending Assessment Proceedings.
Peparing and filing of Tax Appeals.
Attending Appellate Proceedings.
Services related to withholdings taxes.
TIN Centre service like New Pan, TAN, PAN/TAN correction etc.
E Payment of Taxes.
Digital signature preparation.
ADVISORY
Tax Planning.
Advice and Opinion on issues arising under direct and indirect tax laws.
Designing tax-efficient pay-packages for executives.
Liaison with attorneys abroad with regards to International taxation.
IFRS compliance.
MANAGEMENT CONSULTANCY
These services include Internal Audit, Management services, systems designing and evaluation, cost cutting and profit enhancement plans.
RANGE OF SERVICES
Internal and Management Audit
Concurrent Audit
Performance Appraisal
Assistance in Decision Making
Activity based Costing
Budgetary Control Systems.
Systems study, design and evaluation.
Design and Development of Accounting, Costing and Management
Information System.
Comprehensive services to management in all areas related to profitability of operations.
FINANCIAL AND CORPORATE ADVISORY
Growth in business has to be accompanied by sound financial management and controls. Corporate can gain a broad range of financial, corporate advisory and secretarial services.
RANGE OF SERVICES
Compliance under various provisions of corporate laws
Company Secretarial Services.Incorporation and Petitions under Companies Act.
Assisting in raising finance including IPO/Equity Placement.
Undertaking feasibility studies and preparing Project reports.
Assisting in Bank/Financial institutional Borrowings.
Assisting in Capital Investment and Restructuring Decisions.
Venture Capital Finance.
SET UP AND ADMINISTRATIVE
The key focus of these services is to assist enterprises to enter the Indian market, set up a new business entity, assist in handling the entire back office operations and to train executives with regards to various Indian laws.
RANGE OF SERVICES
SET UP
Setting up liaison/branch/project office in india under foreign exchange regulations of Reserve Bank of India.
Obtaining Foreign Investment promotion Board(FIPB), for solo or joint venture entry.
Company Incorporation and related government approvals.
Obtaining registrations and permissions like Sales Tax(VAT) Registrations, Import Export Code, Excise Registrations, Income Tax PAN, etc required to Commence business operations in India.
Assisting in staff recruitment and training.
ADMINISTRATIVE
Handling Accounts, Auditing and related administrative functions.
Designing and adopting Management Information Systems.
Preparing Budgetary Control Systems.
Handling Payroll.
Other regular services such as tax compliance and advisory, management services, corporate, secretarial, financial services, etc.
We also assist in exit mechanism procedures
OUR CLIENTELE:
Our clientele includes large Indian business houses and entrepreneurs. It is our privilege to have the pioneers and leaders of some of the prosperous Industries of India and abroad.
BESCO Limited
Channel Eight Studio Ltd.
Coal India Limited
Eden Group
Merlin Group
Bohra Constructionss Ltd.
Swastik Oil Industries Ltd.,Nepal
Lallachera Tea Co. Ltd.
Narendrapur Tea Co. Pvt. Ltd.
Maheshpur Tea Co. Ltd.
Dhunseri Tea & Industries Ltd.
Narsingpur Tea & Industries ltd.
Jayshree Tea & Industries Ltd.
Budge Budge Company Ltd
Titagarh Paper Mills
Premco Rail Engineers Limited.
Ganapati Balaji Spinning Mills Pvt. Ltd.
Sirohia & Sons Pvt. Ltd.
United Bank of India
Allahbad Bank
State Bank of India
State Bank of Bikaner & Jaipur
Central Bank of India
Corporation Bank
Hukam Pharmaceuticals Pvt. Ltd.,Nepal
A.M.Industries Ltd.
Palm Developers Ltd.
Hulas Motors Ltd.,Nepal
NCS Travels & Tours Pvt. Ltd.
Kalpana Industries Ltd.
Macneill Engineering Limited
U.T.Limited
GATI Infrastructures Limited
Micky Metals Ltd.
Acmechem Limited.
Arch Group
Tide Water Oil Company Ltd.
INDUSTRY FOCUS:
Aviation
Information Technology
Agro Chemicals and Agro based products
Media and Entertainment
Engineering and Infrastructure
Instrumentation
Life Science and Bio Technology
Eye-care Pharmaceuticals
Banking & Finance
Heavy Engineering Industries
OUR TEAM
RAJ KUMAR KOTHARI
B.Com(Hons), F.C.A, A.C.S, AICWA,World Bank & Inter-American Development Bank Consultant.DISA(Diploma in Information System Audit), IFRS (International Financial Reporting Standards), Diploma in Business Valuation.
Mr. Raj Kumar Kothari is the founder of the firm. He is a fellow member of the Institute of Chartered Accountants of India an associate member of the Institute of Company Secretaries of India, He is also an associate member of the Institute of cost and works Accountants of India and a honors graduate in commerce. He passed C.A, C.S and I.C.W.A in the year 1990 with distinction and rank in C.A and costing. He is also the recipient of National Scholarship Award from Calcutta University. He has done his graduation with 1st class from Saint Xaviers College, Kolkata in the year 1988. He is empanelled with the World Bank and Inter American Bank as finance and administrative consultant. He has 20 years of rich experience in almost all fields, to name a few, taxation laws, company law, auditing, corporate finance, non residents exchange control regulations, services relating to setting up of liaison/project office in India, etc. He has excellent rapport with bankers and various government departments. He is also a fellow member of Institute of Chartered Accountants of Nepal. He is an Information System Auditor (ISA) and has also qualified Valuer having been in the 1st batch of the Institute of the Chartered Accountants of India to qualify for IFRS.
NAVIN DAGA
B.Com (Hons), ACA
Mr.Navin Daga is an associate member of the Institute of Chartered Accountants of India and a graduate in commerce from St. Xaviers College, Kolkata . He brings along with himself great work experience in the fields of Statutory, Tax and Internal Audits. He has expertise in manufacturing sector and closely associated in implementation of ERP.
SUYASH TULSYAN
B.Com (Hons), ACA
Mr. Suyash Tulsyan is an associate member of the Institute of Chartered Accountants of India and a graduate in commerce. He brings along with himself great work experience in the fields of Statutory, Tax and Internal Audits. Suyash has been associated with brands like Deloitte, Infosys during his post qualification experience.
ASHOK KUMAR GHOSH
M.Com, F.C.A, AICWA
Mr. Ashok Kumar Ghosh who was Chief Manager of one of the leading Co-operative Bank has joined our Firm and have a rich experience of 25 years and is fellow member of the Institute of Chartered Accountants of India, an associate member of Cost Accountant of India and a Master in commerce. He has a brilliant academic record and is an excellent professional. He has been involved in offering advisory services on accounting systems, accounting principals, tax planning, etc. His interest in Tax Compliance matters is appreciable. He also assists in Statutory and Tax Audits. He has a big hand in the development of firms Systems and Consulting Manuals. He is specialized in Government Audit, Bank Audit, Insurance Audit etc.
VIVEK BHUTORIA
M.Com, A.C.A, C.P.A(US) CFA(US)
Mr. Vivek Bhutoria is an associate member of the Institute of Chartered Accountant of India. He has got an excellent academic record and has done M.Com. degree from the Mumbai University. He has also done his certified public accountants course from USA and certified financial analyst from USA. At present he is engaged in BPO in relation to Income Tax Return filling for USA Companies. He is also the lecturer for CPA & CFA Courses. He is at present in London for some outsourcing program with MELLON, one of the biggest mutual funds in U.S.
JATANLAL BARADIA
B Com (H) FCA
Mr. Jatanlal Baradia is a B.Com Honors graduate and a Fellow member of the Institute of Chartered Accountants of India. He has more than 30 years of experience as a practicing chartered accountant. Apart from providing financial advisory services on accounting systems, accounting principals, tax planning he is a much sought professional in business circles.
SANJAY KUMAR PARAKH
B Com (H) FCA
Mr. Sanjay Kumar Parakh is a Fellow member of Institute of Chartered Accountants of India and a B Com Honors graduate. He has wide ranging experience in all aspects of audit and taxation. He is been providing consultancy services to a host of business units and corporate houses on a regular basis for the last 20 years.
RAHUL BENGANI
B Com (H) MBA, ACA
Mr. Rahul Bengani is a B.com Honors graduate and an Associate member the Institute of Chartered Accountants of India. Has a strong base in Forex, conceptual accounting and finance.
ABHISHEK RAI
B Com (H) ACA
Mr. Abhishek Rai is a B.com Honors graduate and an Associate member the Institute of Chartered Accountants of India. Good technical accounting knowledge in financial accounting. He is experienced in providing financial services relating to projects.
RAKESH KATHOTIA
B.Com (Hons), FCA, DISA
Mr Rakesh Kathotia is a fellow member of the Institute of Chartered accountants of India and a graduate in Commerce; He is practicing since 14 years in the fields of Taxation and Corporate Law matters. He has experience spread across various audit fields, not to mention Statutory and Tax Audit. He has also been involved in offering advisory services on Taxation, Company Law Matters and Management Consultancy. He has participated in various seminars & workshops of Southern India Regional Council of Institute of Chartered Accountants of India. He has completed the Diploma Course in Information system Audit conducted by the Institute of Chartered Accountants of India.
NARESH KATHOTIA
B.Com (Hons), FCA
Mr. Naresh Kathotia is a fellow member of the Institute of Chartered Accountants of India and a graduate in commerce. He is practicing since 10 year. He is in charge of the firms Audit Division. Apart from taxation, his areas of of specialization also cover Auditing, to be more specific Bank Audit. He has experience in the fields of Internal and Concurrent Audit of branches of banks. He has also conducted Inspection Audits.. His participation in various seminars & workshops of Southern India Regional Council of the Institute of Chartered Accountants of India is worth noting.
In addition to the above, the firm has a pool of qualified and semi qualified staff segregated over firms various areas of professional practice who can accomplish the job in the perfect manner.
OUR OFFICES
HEAD OFFICE
In Charge: Raj Kumar Kothari
Chartered Accountants
32, Ezra Street,4th Floor
Suite # 403, Kolkata 700 001
Phone: (O) 2235-0677, 2234-1478
Mobile: 98310-79963
E-mail: rkothari@cal3.vsnl.net.in
MUMBAI OFFICE
Branch in Charge: Shri Ashok Ghosh
A-801, Vasant Smurti,Thakur Co
90 Feet Road,Kandiville(E)
Mumbai 400 101
Phone: 2854-5556
Mobile: 98202-40747
KATHMANDU OFFICE:
Raj Kumar Kothari & Co.
Chartered Accountants
New Road, Phasikeba
Kathmandu, Nepal
Phone: 425589
Fax: 4255443 RANCHI OFFICE
Branch in Charge: Abhishek Rai
.
Chartered Accountants
1 Club Road
Ranchi
Phone:
GUWAHATI OFICE
Branch in Charge: Vivek Bhutoria
Raj Kumar Kothari & Co
Chartered Accountants
Mangal Ram Tower
1st Floor, Room No:111 A.T.Road
Guwahati - 781001
Phone : 9435701090
0361-2737755 NEW DELHI OFFICE
Branch in Charge: Rahul Bengani
Raj Kumar Kothari & Co
Chartered Accountants
G-39 Kirti Nagar, 1st Floor
New Delhi
Phone: 011-65755251
HYDERABAD OFFICE
Raj Kumar Kothari & Co
Chartered Accountants
119 Mahalkali Street
Room No: 3, Secundrabad
Mobile: 9885101842 VADODARA OFFICE
Branch in Charge: Navin Daga
Raj Kumar Kothari & Co
Chartered Accountants
Room No. 208
Panorama Building,
2nd Floor, Race Course Road,
Vadodara - 390 005
Gujrat , India.
Mobile: +91-9067207986
SCOPE OF INTERNAL AUDIT-MANUFACTURING INDUSTRY
1. PURCHASE:
a. Overview of Purchase System: Whether Centralized or Localized.
b. Verification of Rates & Quotations against Purchase Order.
c. Evaluation of efficiency in Purchases.
d. Purchase Planning and Budgeting.
e. Evaluation of information system for purchases.
f. Calculation of Average Credit period /Average Payment period.
2. INVENTORIES :
a. Physical verification.
b. Adjustment of variations between physical and book stocks.
c. Determination & reporting of obsolete and Dormant Stocks.
d. Scrutiny of purchase invoices, Goods received notes and stores
ledger entries.
e. Stock holding period, level of Investments.
f. Scrap, wastages, losses, defectives and returns.
g. Production-Consumption Reconciliation.
h. Indirect Material consumption, if any.
i. Tools & implements, physical checking, capitalisation &
Consumption.
j. Quantity Ledger maintained for finished goods & by-products
to be verified with the production & sales figures as communi-
cated by plant and outward Invoices/Sales section verification
of closing Balance with plant returns.
k.Store items: fixation of levels of Inventory; i.e. Maximum
level, Minimum level, Re-order level etc.
3. PRODUCTION:
a. Machine Utilization/Idleness.
b. Production planning records scrutiny.
c. Outside processing.
d. Outside jobs.
e. Plant Engineering records.
f. Production efficiency variances determination.
g. Accounting of Scraps and production wastes and variance
determination with respect to Budgets.
4. SALES/MARKETING/DISTRIBUTION:
a. Whether centralized or localized.
b. Sale bills, dispatch advices and sale registers.
c. Sales Tax & relevant forms.
d. Evaluation credit policy & its execution including dealers
terms.
e. Sales information system.
f. Debit/credit Notes.
g. Sales performance; product/territory/salesman wise.
h. Transporters Bills.
5. DEBTORS: a. Aging Analysis statement.
b. Security of old Advances/Bad & Doubtful debts identification.
c. Collection period/time lag in collection.
d. Reconciliation & confirmation of certain bulk debtors.
6. OTHER AREAS :
a. Creditors.
b. Subsidy Receipts.
c. Salaries & Wages.
d. Journal.
e. Vouching: Cash & Bank
f. Ledger Accounts scrutiny.
g. Gate pass system.
h. Other Assignments regarding; Canteen, Stationery, Personnel.
7. Review of system established to ensure compliance with those Plans, procedures, laws and
regulations. Which could have significant impact on operation and determine whether organisa¬ tions in compliance thereof or not.
8. Review of means of safeguarding assets, verification of such assets.
9. Accomplishment of Established Objectives/Goals for operations/ programmes.
10. Review of Statutory Payments.
11. ACCOUNTS & FINANCE:
a. System of Maintenance of Financial Accounts and Cost Accounts Whether Integrated or Separated. b. Effectiveness of internal checks in Accounts department. c. Does the Costing system suits the needs of organization? d. Allocation, apportionment of overheads.
12. Manpower Analysis & Utilization, efficiency.
13. Accounting treatment of MODVAT including its impact on valuation of inventories.
14. Other areas as per your Special Instructions.
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