FINANCIAL
Virtual CFO services
Virtual CFO services that we can perform include:
- Financials Reporting oversight
- Funds management
- Tax compliance and Tax planning
- Budgeting & Forecasting
- Business process improvement
- ERP and technology Implementation oversight
- Project Evaluation and Funding advisory
- Business Valuation services
The Virtual CFO will be one person or a team of professional who would be experienced Chartered Accountants, MBAs or domain experts, tailored to the specific client’s need. The CFO services can also be packaged as being for Specific Assignments and for a limited duration per need basis. Our firms mission is to be a trusted resource and partner in the SME/startup client’s growth in business as reflected in revenue, profit and valuation.
Project Viability & Funding
The TEechno-economic viability (TEV) study focuses on the following areas:
- Managerial capability
- Technical Feasibility
- Market Potential
- Financial Viability
- Strengths, Weakness, Opportunity, Threats (SWOT) Analysis
- Risk Analysis
- Project Visibility Assessment
As follow-up to preparing the TEV report, a detailed project report (DPR) is usually created after the project viability has been established
We can also prepare the CMA (Credit Monitoring Arrangement) report and represent our client to banks and financial institutions with the goal of getting funding for the project.
Valuation of Business & Securities
Valuation is a process of determining the economic value of a whole business, company unit or specific assets, based on a variety of economic and financially related factors. We prepare the valuation report after detailed review and per standards of valuation that is approved by the government and various regulatory agencies .
As our team includes a Registered Valuer (RV) for Financial Assets & Securities, qualified per IBBI/ Companies Act 2013, we can provide business valuations under various statutory acts such as Income Tax Act and Companies Act. Example, valuations requiring RV under the Companies Act include.
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- Issue of new shares to shareholders under Section 62
- Merger, amalgamation or restructuring under Section 230-232,
- Acquisition of minority shareholding under Section 236
- Buyback of shares from some or all shareholders under Section 68
- Liquidation of a company under the Insolvency and Bankruptcy Code, 2016
- Allotment of Shares in consideration for Other than Cash Rule 12(5)
We can also support the business valuation exercise by helping SME companies with advice on the valuation methodology and valuation process and provide guidance on making financial projections.
Financial services are delivered via MYiCFO.com