Due diligence
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Due Diligence support services iXCFO Services Private Limited Private & Confidential © 2013 ixCFO Services P. Ltd.
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Due diligence support services from ixCFO
Transcript of Due diligence
Due Diligence support services
iXCFO Services Private Limited
Private & Confidential© 2013 ixCFO Services P. Ltd.
Types of Due Diligence
Legal & Secretarial
Financial
Commercial/ Market Intelligence
Technical (Sales, Marketing, IT, Product etc)
Social, Cultural issues etc.
*We facilitate & provide support in first three of the above diligence processes.
Overlap in Due Diligence domains
Legal
Commercial
Financial
Some information requested& areas of focus may berepeated in different diligenceconducted by differentteams/agencies
Areas of focus:Legal & Secretarial #
Incorporation of company, MOA, AOA.
Company shareholding & cap-table
Org chart & devolution of authority from BOD
MCA & other statutory filings
ROC & other statutory registers & records
Registration & compliance with various applicable statutes
IP rights (Patents, TM’s, Copyrights etc.)
Contracts with promoters, key management employees
Contracts with clients, vendors, service providers
Details of any pending lawsuits, penal proceedings against company
#indicative list, not exhaustive
Areas of focus:Financial#
Incorporation of company, MOA, AOA.
Company shareholding & cap-table
Compliance with tax & commercial laws
Org chart & devolution of authority from BOD
Last 3 years audited statements
Company’s budgets & business plans
Company’s MIS reports, reconciliations
Schedules of Fixed Assets, AR, AP & Inventories (if applicable), with confirmations & verification reports
Compliance with GAAP, accounting policies & processes
Company’s Trial balance, selected ledgers, COA
Status of tax assessments & proceedings
#indicative list, not exhaustive
Areas of focus:Commercial#
#indicative list, not exhaustive
Competition/ Market intelligence , company’s standing in market
Org chart & devolution of authority from BOD
Clients contracts, KYC & records updation
Channel structure for Sales, list of partners, intermediaries & their contracts
Details of top suppliers & service providers & commercial arrangements with them
Vendor data & Statutory information (PAN, ST, VAT etc)
Compliance with commercial & tax laws
Alternatives to major existing suppliers & service providers
iXCFOApproach to engagement
Studyexistingorganizationsystems &process
Study
Diagnose the pain points and problem areas
Diagnose
Create customized solutions & reports
Develop
Implement the solutions
Implement
How can we help?
LE
GA
L • Diagnostics oflegal & statutoryrecords &compliances
• Regularisation ofcompliances
• Ensure &facilitate a properindexedarrangement ofall legal &commercial data& records
FIN
AN
CIA
L • Diagnostics offinance,Compliance withGAAP, disclosurerequirements
• Accumulation &presentation of allfinancial data instructuredmanner
• Creation of MIS,reports &dashboards forDD team
CO
MM
ER
CIA
L • Accumulation andpresentation ofclient, vendordata
• Facilitate &ensure standardKYC & statutorycompliance forCustomers &vendors
• Industry analysisfor market,customers &vendors
DD support is ongoing & continuous
Our Advisor will be on site during pendency of
diligence
Our advisor will take up & facilitate appropriate closure
of DD queries
Post closure support & compliance
So
me
exa
mp
les
of
Po
st c
losu
re s
up
po
rt: Compliance with Indian GAAP’s in case of
deviations
Regularisation of statutory compliances,legal contracts
Coverage of investors & directors by D&O,E&O cover
Post deal closure compliances like changein cap table, regulatory reporting & filingswith regards to FEMA, Company law, Taxlaws
Facilitate change of auditors to big four orother reputed firms (if mandated) basedon our network
Besides DD support, we alsofacilitate post closure follow upsupport on DD issues andensure compliance withinvestor agreement in case ofdeal closure
Our CoreStrengths:
Knowledge• Experienced CFO’s & controllers
with average industry experience ofmore than 12 years
Skills
• Pan industry skill sets ranging from Manufacturing, IT, Retail, Services in both promoter owned as well as PE/VC funded companies
Pooling ofknowledge &Skills
Together our partners have a cumulative experience of more than 100 years which can be effectively leveraged
