Services by India Business Solutions

INCORPORATION & CORPORATE ADVISORY

 

As Singapore & India are striking up investment avenues in newer sectors and projects, there is a critical need to provide specialized advisory services to the Indian & SEA (South East Asian) Corporate Sector in their efforts towards Industrial Advancement.IBS with its team of seasoned professionals and rich experience is uniquely positioned to fulfill this need to offer specialised services in inception, growth, structuring and reengineering. As a catalyst of Industrial growth, IBS provides the full-blown Corporate Advisory Services to various Corporates, including Start up Entrepreneurs and MSMEs (Micro and Small & Medium Enterprises).

Some of such services include:

 

  • Setting up of Entities in Singapore and / or India
  • Entry/Exit strategy
  • Mergers, Amalgamations, JV and Takeover
  • Inbound and Outbound Investments
  • Asset Reconstruction
  • Succession and Estate Planning
  • Holding/Subsidiary Structuring
  • Employee Stock Option Scheme (ESOP)
  • Negotiation and Transaction support
  • Pre-litigation strategy
  • Growth, Diversification, Divestment strategy
  • Strengthening of Debt Collection
  • Exchange Control Regulatory Compliances
  • Foreign Direct Investment (FDI) and Overseas Investments ( OSI)

STATUTORY AND COMPLIANCE ADVISORY SERVICES

 

We help clients in specialised services in meeting the stringent and complex statutory compliances. In this era of Corporate Governance, managing secretarial functions in an effective and efficient manner is a challenge for every corporate. We have a team of professionals who provides wide range of secretarial services like incorporation services, maintaining statutory records, filing various statutory returns and statements with appropriate authorities and ensuring compliance with various statutes. We are also engaged in representing our clients before various statutory authorities and help them manage their corporate affairs.

Company Secretarial

 

  • Drafting and Alteration of MOA/AOA
  • Conduct of Board/General /Court convened Meeting
  • Registered Office
  • Nominee Directors
  • Share Capital /Debenture Issue
  • Liaison ROC/RD/CLB/NLT/GC/SEBI/SE/OL
  • Secretarial due diligence and compliance certification
  • Filing of forms and Returns with MCA
  • Maintenance of Statutory Records
  • Oppression and Mismanagement
  • Managerial Appointment and Remuneration
  • Winding up and Liquidation / Name Strike off

Registrations & Compliances of other statutes

 

  • Direct Tax (Income Tax)
  • Indirect Tax (Excise, Service tax, VAT / GST, LBT)
  • FEMA
  • Labour Licenses
  • Municipal licenses
  • FDA
  • STPI / SEZ / FTZ / IEC
  • Factory licenses
  • Environmental – Pollution control

FINANCE / ACCOUNTS / COSTING ADVISORY

 

IBS provides comprehensive financial, economic and strategic advice to companies with complex business problems or disputes with the help of our knowledge, depth and expertise of our industry specialized teams. IBS solutions are offered on a pan Asia basis and empower clients with the requisite speed, efficiency and quality.Our team of professionals who work with our clients to maximise their corporation’s value in today’s rapidly changing world. Our services include preparation of Information Memorandum, business valuations, due diligence investigations and the preparation of financial projections and budgets.Our range of specialised advisory services in mission critical areas of corporate and business finance include Corporate Finance, Accounting and Taxation.

CORPORATE FINANCE

 

  • Structured Debt / Investment of HNI’s
  • Private Equity / Venture Capital Funding
  • ECB / Term Loan/Buyers Credit
  • Bank Funding
  • Project Finance
  • Due diligence

TAXATION

 

  • Tax Structuring
  • Direct Tax
  • Indirect Tax
  • Transfer Pricing
  • Regulatory Compliance
  • Tax Advisory

ACCOUNTING

 

  • Day to day Accounting
  • Cash and Fund Flow management
  • Bank Reconciliation
  • Monthly Closing
  • Financial Reporting
  • Monthly /Quarterly Compliances
  • Preparation for Audit
  • Budgeting and Forecast
  • ERP implementation (Functional Consultant Role)
  • SOP / Process manual implementation (Drafting & Training)
  • Assistance Accounts finalization under IGAAP/USGAAP/IFRS

COSTING AND COST MANAGEMENT

 

  • Product Costing
  • Program Costing
  • Project Costing
  • Overhead Rates Determination
  • Analysis through Marginal Costing Approach
  • Absorption Costing System Implementation
  • Cost Control
  • Variance Analysis

GOVERNANCE, RISK & COMPLIANCE

 

We offer a comprehensive range of Risk Advisory & Special audit services designed to help all size of businesses and enhance the controls and improve the efficiency, irrespective of their stage of business, whether in the initial startup stage or well established ongoing status. We are committed to providing quality assurance services to help ensure that our clients’ financial statements meet relevant regulatory and business requirements, robust ICFR (Internal Controls over Financial Reporting) framework and to help satisfy stakeholder expectations for assurance.Risk Based Internal audit today is an essential function in all listed and non-listed companies who believe in corporate governance and enterprise risk management. The role and importance of the internal audit function have evolved over time. No matter at whatever stage your company is. Basically, the function of Internal Audit is “what a CEO would do if he has more time & authority” and that precisely tells what we do for you.
In the past, internal auditors were primarily engaged to check compliance with corporate policies and procedures. In most organizations today, internal auditors’ roles extend beyond their historical purpose to include all or some of the following:

 

  • Provide recommendations to the board, particularly the Audit Committee, on issues of corporate governance and assisting in the identification and evaluation of the organization’s risks;
  • Provide recommendations to the management of companies in areas where internal controls need improvement and efficiencies need enhancement;
  • Where possible, working with external auditors to reduce their work by covering some of the areas of work that they may rely on;
  • Assistance with SOX-related work;
  • Where appropriate, assistance with training on matters such as the importance of internal controls (Risk Model Frameworks), corporate governance, and risk management, and the importance of their participation in such matters.

 

We recognize that some organizations prefer to outsource their internal audit function and that some others do not find it cost-effective to have a fully-staffed internal audit department in Singapore, Indonesia, Malaysia or India. As such, we are equipped to provide a full range of internal audit services in South East Asia & India Region. It may be in-sourcing (using your team),co-sourcing, outsourcing completely to us or on process based – tailor made.

 

We also help in companies setting up new Internal Audit team – kind of turnkey project. We set up the Internal Audit team for your company, train the people and hand over the department to be all of their own. Periodical review / assessment may be conducted by us.

 

Enterprise Risk Management (“ERM”)

 

ERM is a key element of corporate governance and it is essential in enabling the board to fulfil its corporate governance role. Identification of each enterprise’s risk is typically conducted by management under the guidance of the board. The board is responsible for monitoring the risks identified and ensuring that the risks are within acceptable levels given the objectives of the enterprise and the business and economic environment that the business is in. Companies in the conduct of their businesses are at different levels of ERM. Many companies however have not formally streamlined nor documented their ERM process.

 

In many companies, the Board members and certain key management employees are involved in ERM. Many companies do not engage other management and staff in the risk evaluation and risk management implementation process even though input from management and staff are essential for the success and effectiveness of ERM

We can assist companies in any combination of the following:

 

  • Conduct ERM workshops for the board, management and staff to help them understand the importance of ERM and their role in the successful implementation of ERM in their respective organizations;
  • Assist management in formalizing their ERM framework and the processes for identification, evaluation and assessment of the enterprise’s risk;
  • Assist management in the documentation of the ERM framework and processes.
  • Assist the board and management in designing tools and the process for monitoring the relevant risks of the organisation.
  • Where we are the internal auditors, we will evaluate the effectiveness and efficiency of the company’s ERM process.

INFORMATION SECURITY / ERP ADVISORY

 

IBS assists experienced technology support and risk services for our clients IT security, audit and vulnerability assessment needs. Our professional team provides a wealth of in-depth experience at all levels of the organization (from management to technical) in the assessment and safeguarding of an organization’s information technology assets, communication networks and supporting infrastructure.IBS assists our clients better understand the vulnerabilities they face in all aspects of security, including: confidentiality, integrity and availability, and the exploits that may be used to infiltrate and compromise our client’s business operations. Our professional team will provide an independent review and assessment of your systems and associated people and processes supporting these systems to highlight areas where the systems are exposed to vulnerabilities (i.e. not as safe and secure as the organization is currently aware) and identify areas that should be focused upon.

IBS focus and specialize in providing the highest level of protective physical services extending to site security, event security and executive protection. Our experienced team additionally provides services in the physical security systems including the design and installation of CCTV, access control and intercom systems as well as project management services.

ERP Post Implementation Audit

 

Our expertise team assists clients in post ERP implementation assessments. Be it ORACLE, SAP, JD Edward, BAAN or any Customized ERP toll, this assessment is one of the inevitable component in System Development Life Cycle (SDLC). This would help organization to realize the complete benefits from its ERP Investment. Our qualified team trained in different environments and on various platforms.

The purpose of the Post-Implementation Assessment (PIA) is to evaluate whether project objectives were met, to determine how effectively the project was run, to learn lessons for the future, and to ensure that the organization gets maximum possible benefit from the project. A forward-looking audit can discover many tips and strategies for improvement. PIA should be conducted after the ERP system has reached a relative stage of maturity, and once business process change caused by the ERP truly takes effect on the organization. PIA would assist organization to effect needed changes in organizational plans & processes and realize potential operational & strategic benefits.

In case of an initial ERP project failure, an important role of PIA is to redefine and/or limit the scope of the ERP project, and promote learning & system acceptance through user training and stakeholder commitment to the ERP project. Weaknesses identified during the audit, due to lack of controls, poor implementation processes, non-mitigation of associated risks to acceptable levels, should be brought to the attention of the concerned responsible for corrective action.

Follow up activity after PIA can be categorized into following stages

 

  • Steps to overcome productivity downside by redefining jobs / roles, establishing new practices, fine-tuning ERP system, and owning of the new information series created by ERP.
  • ERP functionality enhancements involve skills development, structural changes, process integration and add-ons
  • Involve business transformation, where the synergies of people, processes, and technology can reach their peak.
  • Audit outcomes would then be used to resolve problems in these stages and push the organization upwards to realize additional system benefits.
[wpsm_comparison_table id=”1″ class=””]

ERP POST IMPLEMENTATION AUDIT COMPONENTS

Overall Scope & Planning
  1. Review the project charter to evaluate how closely the project results match the original objectives
  2. Evaluate system (Functional, Technical, Statuatory & MIS) Fitment to the Organization Present & Future Business Requirements
  3. Review the expected deliverable (including documentation) & tis quality
Driving Principles
  1. Review (Plan vs Achievement) of the set objectives<
  2. Understand the organization process efficiencies imprrovements
  3. Are the necessary controls & systems in place
Cost & benefits
  1. Actual costs compared to budgeted costs
  2. Actual benefits compared to budgeted benefits
  3. Return on investment
  4. Actual savings compared to budgeted savings
User level satisfication
  1. Overall user satisfication & understanding of the new system
  2. Meet end user requirements
  3. Project sponser satisfication
Learning Evaluation
  1. Review user learning (Knowledge, Ease of use) & intrest levels in system and institute
    corrective mechanism
  2. Define right training plan to optimize the business benefits of ERP
  3. Evaluate knowledge transfer among implementation teams
Improvement Areas
  1. Have all of the expected benefits been achiveda
  2. Identify opportunities to improve the business process to be more effective & efficient
  3. How to deliver even more value through further changesa
Lesson Learnt
  1. How well the projects deliverables, cost & benefits accesed
  2. What went well & needs to be learned from
  3. What went wrong & how to avoid them next time

LEGAL ADVISORY SERVICES & INT’L ARBITRATION

 

We specialize in one stop litigation and non-litigation solutions to companies for its civil or criminal matters in Singapore & India and provide advisory and compliance services.

Start-up contracts / agreements

 

  • Founders / Shareholder agreements
  • Business / Technical collaboration agreements
  • Employment offer agreements
  • Non-disclosure agreements
  • Investment / Loan agreements

Business operations agreements

 

  • Lease / License/Business Conducting agreements
  • Distribution / Dealer agreements
  • Master Service agreements
  • Professional services agreements
  • Vendor agreements
  • Memorandum of Understanding (MOU)
  • Franchisee agreements

Growth / Expansion agreements

 

  • Joint venture agreements
  • Business collaboration agreements
  • Franchise agreements
  • Investment/loan agreements
  • Share subscription/purchase agreements

Special Agreements

 

  • Deal agreements
  • Scheme of Arrangement
  • Capital markets -Domestic & International
  • STPI / SEZ / FTZ agreements

Real Estate

 

  • Due diligence
  • Drafting agreements
  • Search Report and Sale deeds
  • JV agreements / Collaboration agreements
  • Business development agreements
  • Slum redevelopment Scheme and Agreements (SRA)
  • General Power of Attorney

Intellectual Property Rights (IPR)

 

  • Drafting & Filing
  • Prosecution
  • Renewals
  • Litigation
  • Transactional IP

Corporate Litigation (Singapore & India)

 

  • Supreme Court
  • High Court
  • CLB
  • Civil Courts
  • Tribunals
  • Arbitration

SPECIALIZED “ON-DEMAND” SOLUTIONS

 

Regional Branch, Inventory & Year End Audits

 

Our Clients with Branches / Subsidiaries in the region are usually conduct internal audits only on limited numbers & scope because of various reasons – including travel costs, language barrier, lack of int’l exposure of resources etc.,. We can be assistance on an ad hoc basis or on a continuous basis with such assignments – at zero or reduced travel cost (being located at Singapore) with complete coverage of scope. We typically work with the head of internal audit in the corporate office, who will determine the audit program and scope.Some companies have a core internal audit team that needs to be supplemented by an external team of internal auditors as they conduct their audits in any parts of South East Asia region and / or India & Srilanka. We provide the requisite internal audit resources.

During Financial Year ends, branches / divisions at overseas might need to be reviewed to provide comfort for the financial reporting purposes. This may be Branch Audits, Physical Inventory Audit, Physical Cash Count etc., We carry out these such reviews / audits in the South East Asia Region, India & Srilanka.”

ISO documentation / Preparation towards ISO certification

Attaining ISO certification is an important and inevitable milestone for every startup / growing organization. Provide us an opportunity to help your organization towards achieving it. We help organizations in documenting their processes to ensure consistency and that’s one of the major review area while certifying authority carries out the review.

BUSINESS CONSULTING

 

If you want to establish a business presence in Singapore OR India, we make the process easy and trouble-free for you.

PRO BONO

 

We believe in giving back to the society that we belong and especially to those who deserve best practises but unable to afford. We invite applications from NGOs / Trusts / Orphanage / Social Service centres in Singapore / India who are in need of accounting / auditing services. Please click the ‘Get Connect’ button to submit your application form. On periodical basis, we select from the qualified organizations and will get in touch to proceed with pre-defined time limit.

Subscribe for Asia's regular business updates

We promise, we won't send you junk mails!

Thanks so much for Subscribing!

Share This