A leading cost audit firm known for its value added services is now empanelled with Indian Bank Association (“IBA”) as an Agency of Specialized
Monitoring (“ASM”)
SERVICES WE CAN OFFER AS AN IBA EMPANELLED ASM
We do offer services, but we are known for expertise!
Stock and Receivable Audit/ LC _ BG Audit
Validation of drawing power as per Banks sanctioned terms
Review of Project progress vis-à-vis scheduled milestones, capacity utilization, asset book size, quality and diversification
Verification of routing of project revenue and expenses through designated bank accounts.
Sales/ Purchase Monitoring Cash Flow Monitoring
Pre-disbursement verification of some specific high value transactions as Banks may deem necessary
LIE Work for Term Loans/ Projects
External Ratings, Statutory and Regulatory Compliances and Insurance Cover
Initiating preventive steps for resolution of stress in the bank borrower
In depth analysis of funds channelized to various sources, cost associated with it and efforts towards reducing the outflow of funds.
Ensuring timely and appropriate compliance of the sanctions/ disbursements made during a specific period.
Regular MIS Reporting as and update and mode of awareness to the banks.
Study of frequency of categorization of assets into NPA, Steps taken to improvise and recommendation of additional measures to be taken (if any).
Movement in holding of not only directors but also KMP and major shareholders.
Funds allocated towards sanction of ESOP.
Reviewing the impairment of assets and its treatment on overall cash flow from time to time.
Ensuring if RBI Norms and guidelines issued by SEBI in sanction of loans, sale and purchase of securities, underwriting, etc. have been duly complied with.
Our wide experience in Management Accounting and Audit of Management functions mainly statutory cost audits and certifications will prove to be an added advantage.
D.C. Dave & Co. being a leading cost audit firm with over 30 years of experience headed by a competitive team of Senior Professionals accompanied by young dynamic minds wishes to add value to
ASM Audit by providing its expertise through following additional services:
WHY CHOOSE US?
Verification of Group Company Transactions at arms-length
End use of funds/ Siphoning of funds
Movement in promoter holding of Company from time to time and percentage holding pledged to financial institutions and banks to raise capital.
Review of unbilled revenue and WIP and justifiable reasons for the same
Assessment of Quarterly Key Financial Indicators/ Movement in Stock Exchanges
Verification of project expenses, payments to creditors and advances to suppliers
Litigations/ Contingent Liabilities including letters of comfort
Verification of revaluation of assets (if any)
TEAM COMPOSITIONS
We assure absolute integrity and competence in anticipation of trust and
opportunities to serve this industry at our best!
Partners with more than 25 vears of Partners with more than 25 years of experience in Industry.
Young qualified Cost Accountants associated with capable team of Cost Assistants competent in Audit and Consulting.
Professionals having expertise in the field of Accounting, Taxation, Compliance land Risk Management.
Professionals having expertise in the field of Asset restructuring and turnaround of Companies Management.