| Global competitive pressures focus on corporate governance function by all quarters – the stakeholders, the government and the creditors alike have increased the need for putting in place an effective system of internal controls and risk management processes. The independent directors, key management personnel and stakeholders are now demanding that internal auditors play a larger role not only in terms of ensuring adequate internal controls and systems in place but in also guiding them on all facets of enterprise risks, be it business risks, operational risks, financial risks, system risks etc. We, at VSSK, conduct risk management and internal audits on behalf of the management with the objective of enhancing internal systems and controls and helping organizations to better cope with risks in the rapidly changing business environment. Various management information systems or ERP systems also need to be implemented properly, to ensure proper information reaches the management. Our range of services in this area includes: |
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SMEs have developed in a manner which made it possible for them to achieve their core objective of selling their products/services but lagging in other areas like Accounting, Statutory compliances, Developing MIS, etc. Lot of their time and energy is lost in managing accounts, finance and compliances, with less of time at their disposal for strategic planning and growth. However, they don’t have the resources have a full-fledged in-house finance department and a full time CFO. We at VSSK understand this and have our virtual CFO services to free the business owners form this hassle. We offer undermentioned services as under:
• Critical evaluation of internal controls, internal systems, and internal processes in organizations and recommending areas for improvement;
• Risk Management audit and review with a view to providing valuable insights to the management of enterprise-wide risks;
• Internal audits of specified areas, which are conducted using a Risk-Based Approach;
• Assisting and advising organizations in complying with corporate governance requirements
• Identification and recommending areas of cost reduction, streamlining of operations, and recommending ways and means for improving the bottom line;
• Reviewing compliance with various regulatory requirements;
• System audits encompassing review of physical, financial, and access controls, adequacy of back-up procedures implemented by organizations, stress testing of systems, etc.
• Review of Management Information Systems, suggesting means for improving such systems to provide meaningful input to top management, and assistance in setting up such systems
• Review of Internal Financial Controls.
• Advice and Assistance in setting up and implementing ERP systems, such as SAP.
• Critical evaluation of internal controls, internal systems, and internal processes in organizations and recommending areas for improvement;
• Risk Management audit and review with a view to providing valuable insights to the management of enterprise-wide risks;
• Internal audits of specified areas, which are conducted using a Risk-Based Approach;
• Assisting and advising organizations in complying with corporate governance requirements
• Identification and recommending areas of cost reduction, streamlining of operations, and recommending ways and means for improving the bottom line;
• Reviewing compliance with various regulatory requirements;
• System audits encompassing review of physical, financial, and access controls, adequacy of back-up procedures implemented by organizations, stress testing of systems, etc.
• Review of Management Information Systems, suggesting means for improving such systems to provide meaningful input to top management, and assistance in setting up such systems
• Review of Internal Financial Controls.
• Advice and Assistance in setting up and implementing ERP systems, such as SAP.
Term Loan
Working Capital Loan
Letter of Credit facility
Bank Guarantee Facility
Real Estate Funding
Mortgage Loans
Non-conventional funding:
Lease rental discounting
Factoring
Vendor Funding
Business Acquisition
Promoter Margin Funding
Post-Export Finance
Equipment Finance
Equity Funding:
VSSK is well equipped to take your organization to next level where the business requires a business partner who can contribute not only to finance but also long-term wealth creation for the promoters and all stakeholders. We have a lot of equity solutions which are:
SME IPO
Private equity
Venture capital
Quasi Capital
Seed Capital Funding
Basis our network with almost all the Banks and various PE investors, NBFCs, we cater the following funding facilities:
• Term loans
• Loans against the converted properties of the Company \ firm \ promoters through our unique model of letter of credit
• Loan Against Securities
• Project Finance and Home loan assistance for customers of Construction companies.
• Project Finance
• Working Capital Loan
• Mortgage Loans/ LAP (Loan Against Property)
• Acquisition Funding
• Refinancing
• Realty Funding
• Buyers Credit
• External Commercial Borrowings
• Lease Rental Discounting
• Unsecured loans
• Institutional Funding
• Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliances such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, certificate for non-deduction of taxes at source, etc.
• Updating clients on developments in the field of direct taxes which could have a bearing on their business
• Providing opinions on various complex tax issues;
• Tax representation before the Indian tax authorities at all levels (upto the Income Tax Appellate Tribunal, Settlement commission and High Court);
• Tax planning for Non-Resident Indians, overseas entities desirous of setting up a business in India and Indian entities desirous of setting up an overseas business/base;
• Transfer Pricing studies;
• Advising organizations in designing a tax-efficient salary structure of employees;
• Advising on the applicability of withholding taxes and providing certification services for outward remittances;
• Evolving tax strategies and structures which would minimize tax incidence through a detailed evaluation of:
o Double Tax Avoidance Agreements entered into by India with various countries;
o Tax incentives and tax holidays and
o Tax incidence in other countries.
Drafting, reviews and vetting of various agreements and documents in consideration of vaious laws and commercial prudence as under:
Filling of Advance Ruling Petition
Global competitive pressures focus on corporate governance function by all quarters – the stakeholders, the government and the creditors alike have increased the need for putting in place an effective system of internal controls and risk management processes. The independent directors, key management personnel, and stakeholders are now demanding that internal auditors play a larger role not only in terms of ensuring adequate internal controls and systems in place but in also guiding them on all facets of enterprise risks, be it business risks, operational risks, financial risks, system risks, etc. We, at VSSK, conduct risk management and internal audits on behalf of the management with the objective of enhancing internal systems and controls and helping organizations to better cope with risks in the rapidly changing business environment. Various management information systems or ERP systems also need to be implemented properly, to ensure proper information reaches the management. Our range of services in this area includes:
• Critical evaluation of internal controls, internal systems, and internal processes in organizations and recommending areas for improvement;
• Risk Management audit and review with a view to providing valuable insights to the management of enterprise-wide risks;
• Internal audits of specified areas, which are conducted using a Risk-Based Approach;
• Assisting and advising organizations in complying with corporate governance requirements
• Identification and recommending areas of cost reduction, streamlining of operations, and recommending ways and means for improving the bottom line;
• Reviewing compliance with various regulatory requirements;
• System audits encompassing review of physical, financial, and access controls, adequacy of back-up procedures implemented by organizations, stress testing of systems, etc.
• Review of Management Information Systems, suggesting means for improving such systems to provide meaningful input to top management, and assistance in setting up such systems
• Review of Internal Financial Controls.
• Advice and Assistance in setting up and implementing ERP systems, such as SAP.
VSSK group, an audit firm has substantial experience in providing statutory audit services under various statutes across various industries for the past several decades. The various types of statutory audits include:
Audit of listed and unlisted companies under the Companies Act, 1956 and 2013;
Audit of Banks under the Banking Regulation Act, 1949;
Audit of large business entities (corporate and non-corporate) under the Income Tax Act, 1961;
Audit of business entities under GST law of various states;
Audits required under exchange control regulations (liaison offices, site offices, and branch offices of foreign companies);
Audit of non-profit organizations (charitable organizations) under the Bombay Public Trust Act, 1950 and under the Foreign Contribution (Regulation) Act;
General Purpose audits of companies under IFRS.
Under most Indian laws, various matters are required to be certified by chartered accountants. VSSK audit firm provides such attestation and certification services under various laws.
Vipul Shah is one of the founders of the group and provides mission and vision to the group. He qualified as a Chartered Accountant[/author_info] [/author] CA. Vipul Shah is founder of the group and provides mission and vision to the group. He qualified as a Chartered Accountant as young age of 21. He has completed his L.L.B and qualified as D.I.S.A (Diploma in Information System Audits).
He is responsible for strategic policy matters and initiatives of the group, branch offices and operations in India and abroad. He began his career by founding Partnership firm “Shah Khemka & Associates” and thereafter Co-founded reputed firm GSV & Co. Chartered Accountants.
He has an extensive knowledge in his field & possesses expertise in the areas like Tax Advisory, Project Finance Advisory and Management advisory He has served clients in advising on M & A, Private Equity, SME listing, structured and unstructured finance.
He has keen interest in Identifying new business opportunities for investments. He has been advisor to various industries and has helped them in becoming more successful. He is firm believer of Win-Win approach and Client First approach and has inculcated the same in the group. He is eminent personality and is associated with various social, educational and charitable organizations.
Hemant Khator is the Founder of HRK Corp Advice Pvt. Ltd. He has almost two decades of multi-layered, multi-disciplines 360-degree professional experience in the field of Corporate Finance and Business Advisory services.
He has a practical experience in all fields & possesses expertise in the areas like Audits, Financing, corporate taxation, Tax Advisory, Project Advisory, Bank Audit and Management advisory.
He began his career by working with Birla Super cement at Middle-Level Management than he worked as a Credit manager with HDFC bank Ltd, and lastly, he joined Team Ferro Alloys Pvt Ltd as GM- Finance.
Hemant has worked closely with several Indian prominent corporate houses and multinationals companies during his career. He has also worked for International Clients in the Middle East. He is an avid trainer cum speaker on various topics pertinent to his area of expertise.
His instrumental role in developing the New Service verticals and overall firm & practice development across geographies during his past assignments speaks of his proven leadership and entrepreneurial abilities. With his all-round multi-faceted experience and exposure.
Hemant is best known for his apt & focused approach in delivering quality professional services to clients and successfully executing highly challenging and complex nature of assignments.
He has completed CA in 2000 with excellent academic record. Currently practicing, as an Advocate, in the field of Indirect Taxes, Commercial Laws and Cyber Crime. He is also associated with M/s ASHVA Legal Advisors LLP, Attorneys and Advocates as Founder Partner and M/s. AAP & Co., Chartered Accountants, as a Senior Consultant. He is a reputed author of various books published on Indirect Taxes. Promoter of TARUN Group who is actively involved into software and is pioneer in the field of Digital Certificates and cloud based taxation software. He has expertise in the field of Indirect tax especially GST. He appears before various tax authorities, Custom Excise and Service Tax Appellate Tribunal (CESTAT), Settlement Commission, Authority for Advance Ruling and High Court.
Other EDUCATIONAL QUALIFICATION:
Certified Financial Planner (CFP)
Microsoft Certified Professional (MCP)
Completed various certified courses of ICAI such as Arbitration, Forensic Accounting and Fraud
Detection, Valuation, IFRS, Indirect Taxes.
Post Graduate Certificate in Cyber Crime (PGCCL).
Currently pursuing PhD. Research subject is “Convergence of Excise, Service Tax and VAT into
Goods & Service Tax (GST) and Its Likely Impact on the Industries of Gujarat State“
CA.Sailesh Khemka being one of the core pillars of VSSK group and Co-founder of the group. He holds an excellent academic record by securing 2nd Rank in C.A Inter and 19th Rank in C.A Final in India. He is also qualified as D.I.S.A (Diploma in Information System Audits).
He has begun his career in Partnership with “Shah Khemka & Associates” and there after co-founded reputed firm GSV & Co. He is expert and has strong experience in the fields of Audit and Assurance, Tax Advisory Services, Internal & Management Audits.
He is recognized for his knowledge across spectrum. He has a special ability in managing human resources and is responsible for day to day management of the group and coordination with various departments. He has a vast experience in the fields of Bank Audit, Internal Audit, Statutory Audits, Taxation, Project Finance and other allied matters.
His area of interest includes Audit, Internal, System, Concurrent, Stock, Investigation, Inspection and Management Audits, Management advisory, and Advisory Services. Sound financial and accounting background has enabled him to specialize in conducting statutory Audits of major corporate and non-corporate clients in diversified industries.
CA. Rakesh Khatri is Dynamic, inspiring and forward looking leader who is working very confidently and strategically for the growth and transformation of the group to the next level. He is a Member of ICAI.
He possesses immense and intensive knowledge of Indirect Taxation, Direct Taxation, Company Statutory audit and Assurance, Bank Audits, Compliance Audit, Internal Audit and Management Consultancy.
Area of Specialization:
Taxation-GST, Income Tax. Audits – Company Statutory Audit, Bank Concurrent and Statutory Audit, Stock Audit, Internal Audit Management Consultancy-Project Finance ACA/FCA: FCA – Membership No. 140067
Educational Qualifications:
B. Com., CA- Qualified as Chartered Accountant in May 2011
He is a Commerce Graduate (B. Com), LLB, and Associate member (ACS) of THE INSTITUTE OF COMPANY ANY SECRETARIES OF INDIA (ICSI). SHAISHAV Y MISTRY is a Practicing Company Secretary, specializes in providing high quality services and solving complexity relating to Various Corporate Laws Matters.
He takes pride in his ability to provide quality services whether they are an
Owner-managed business or a large corporation. Consultation on All Corporate Laws & Expert advice Appearance before NCLT, Registrar of Companies, Regional Director, Consumer Court & other Semi-Judicial Authorities.
Legal Consultants Preparation, Execution and Registration of all Legal documents Liaison with Lead Manager Registrar of Companies, Ministry of Corporate Affairs fairs and other Government authorities. All works related to the Company’s Trademarks Appearing before Trademarks Registrar Dealing with matters related to Company Law.
CA.Sailesh Khemka being one of the core pillars of VSSK group and Co-founder of the group. He holds an excellent academic record by securing 2nd Rank in C.A Inter and 19th Rank in C.A Final in India. He is also qualified as D.I.S.A (Diploma in Information System Audits).
He has begun his career in Partnership with “Shah Khemka & Associates” and there after co-founded reputed firm GSV & Co. He is expert and has strong experience in the fields of Audit and Assurance, Tax Advisory Services, Internal & Management Audits.
He is recognized for his knowledge across spectrum. He has a special ability in managing human resources and is responsible for day to day management of the group and coordination with various departments. He has a vast experience in the fields of Bank Audit, Internal Audit, Statutory Audits, Taxation, Project Finance and other allied matters.
His area of interest includes Audit, Internal, System, Concurrent, Stock, Investigation, Inspection and Management Audits, Management advisory, and Advisory Services. Sound financial and accounting background has enabled him to specialize in conducting statutory Audits of major corporate and non-corporate clients in diversified industries.
CA. Manoj Laddha is associated with the group since 2016. Has cleared his CA in 2015. He is a managing partner in VSSK Bhilwara branch.
His areas of specialization includes Income Tax Advisory, Project Finance & Management Consultancy.
CA. Sonu Dhing is a dynamic, inspiring and forward looking leader who is working very confidently and strategically for the growth and transformation of the group to the next level. A firm believer of the Entrepreneurial model, he inspires and ignites passion, creativity and innovation in those around him.
A dynamic person having versatile profile with more than 14 years of experience of in matters relating To Project Finance Consultancy, Management & Internal Audits, Concurrent Audits, Risk based Audits, Risk Assessment &Transfer and advising assisting in large value Insurance Survey/Claims.
He Heads Ahmedabad branch and overlook Northern and Western part of Gujarat. Has been continual part of Core Leadership team. He has actively participated in various strategic Policy matters and initiatives of the group, expansions of team, offices and operations in India.
CA. Paras Savjani is associated with the group since last 2008. He looks after Rajkot and Saurashtra region of the group. Has cleared his CA in 2006.Besides having master degree, he has to his record certificate for Concurrent Audit of Banks.
He has a thorough knowledge in his field & possesses expertise in the areas like Indirect, Tax – GST, Project Finance Consultancy & Advisory, Concurrent Bank Audit.
His areas of specialization includes Income Tax, Audit, Management Consultancy, Concurrent Audit, Internal Audit, Stock Audit & Bank Audit
CA. Prachi Naik is Dynamic, inspiring and forward looking leader who is working very confidently and strategically for the growth and transformation of the group to the next level.
She is a Member of ICAI. She possesses immense and intensive knowledge of Direct Taxation, Company Statutory audit and Assurance, Bank Audits, Forensic Audit and Internal Audit.
Area of Specialization:
Taxation-Income Tax, Assessment and Appeal
Audits – Company Statutory Audit, Bank Concurrent and Statutory Audit, Stock Audit, Forensic Audit, Internal Audit ACA/FCA: ACA – Membership No. 164124
Educational Qualifications:
B. Com., M.Com (Financial and Management Accounting), CA- Qualified as Chartered Accountant in November 2014 ICAI Certification Course: Bank Concurrent Audit, Forensic Audit and Fraud Prevention
CA.Vineet Jariwala is a Direct Tax, Audit, Accounts, & Tax Assessments expert with 16 years of practice in the field, specifically within the Legal industry.
He was previously with Hiren Diwan & Co, C.A as a Partner. Vineet completed his Bachelor’s in Commerce from Mumbai University in 1993 and later on his CA in 1997.
CA. Pratik Shah is a dynamic, inspiring and forward looking leader who is working very confidently and strategically for the growth and transformation of the group to the next level. Member of ICAI since 2012.
Has immense and intensive knowledge of Bank audits, Companies Audit and Assurance and have profoundly managed diverse engagements of taxation. Area of Specialization: Audits – Internal, System, Concurrent, Stock, Investigation, Inspection, Compliance, Bank and Management Audits. Over the years he has got good experience in the field of Project finance.
CA.Jeet Mehta has qualified as Chartered Accountant in Nov 2012 with All India 49th Rank.
Area of Specialization Audit & Risk Management –Internal Audits, Operations audit, Management Audits, Inventory Management Audit. Management Consultancy & Project finance Tax Audit & Statutory Audits of Proprietorship concerns, Partnership firms, Private Limited Companies, Nationalized and Private Banks.
He started his career with Miranda Tools Ltd. And there after perused his MBA (Finance). He drives Morbi branch of the group which is a Ceramic and one of the fastest developing industrial cluster. He has vast experience in the field of debt syndication.
He has expertise in project appraisal and detailed project reports. Screening new projects and conducting feasibility studies to determine the financial viability of new ventures projecting cash flow and growth opportunities. Originating mandates for private equity and structured finance. Evaluation and structuring of deals, finalizing documents for transactions, and be a team player to successfully deliver large assignments