Corporate Profile M AY U R B AT R A G R O U P MBC AUDITING AND ACCOUNTING M.B.C MANAGEMENT CONSULTANCIES

Transcription

1 Corporate Profile M AY U R B AT R A G R O U P MBC AUDITING AND ACCOUNTING M.B.C MANAGEMENT CONSULTANCIES

2 ABOUT US Mayur Batra Group overview 2002 Founded Mayur Batra Group was founded in 2002 The initial footprints in UAE were made in Employees 250+ employees globally 60+ Fortune 500 Working with entities of 60+ Fortune 500 companies 2 Foreign desks Specialist in doing business with Japanese & German Multi-National Companies We serve large and medium 400+ Global Conglomerates across diversified sectors. Our client relationships are more than just business partnerships: we aim to understand people as well as business, and build long-standing relationships based on mutual respect and trust. We care about the success of our clients and are committed to delivering value. We adopt a professional approach and it is important that our clients enjoy working with us. Our global network means local resources backed by a truly global network no matter where you do business. This is just one part of Mayur Batra Group's commitment to delivering exceptional client service.

3 Your expert for doing business in the UAE We specialise in helping businesses, whether start-ups or multinationals, to achieve their goals. Through our own professional expertise and by working directly with organisations, we've developed a robust understanding of the factors that govern business growth. Our objective is to use this to help our clients maximise their potential. With Mayur Batra Group, you can be confident that the work will be carried out by dedicated professionals with international expertise having comprehensive knowledge about the local market.

4 WHY MAYUR BATRA GROUP? REAL TIME PROBLEM SOLVING ABILITY TO SERVE MULTINATIONAL COMPANIES ACROSS GEOGRAPHIES EMINENCE IN THOUGHT PROCESS STRONG MULTI CULTURAL UNDERSTANDING TOP QUALITY, DISCIPLINARY TEAM CONTINUOUS AND PROACTIVE APPROACH AT ALL LEVELS CUSTOMISED SOLUTIONS ALIGNED WITH CUSTOMERS' EXPECTATIONS BALANCED AND EFFECTIVE COMMUNICATION

5 USING THE RIGHT PEOPLE Our Team MAYUR BATRA Group President Mayur Batra is a Managing Director of MB Group, Dubai. He is also President at Mayur Batra & Co., Chartered Accountants a thirteen year old Chartered Accountancy Firm head quartered in New Delhi and having offices at prominent Indian metropolitan cities and overseas presence in Dubai and Japan. Mayur Batra has around 18 years of experience in a range of areas including tax laws, accounting, foreign investment, foreign exchange control regulations and corporate laws of India. Prior to start of practicing of profession in 2002, he served as Chief Financial Officer at Corporate Office of one of the largest Japanese Trading House-Mitsui & Co., Limited located at New Delhi and headed their Finance, Accounting, Credit, Tax and Legal Departments. Mayur Batra also served as General Secretary for three years at the Japanese Chamber of Commerce & Industry, New Delhi, India. Mayur Batra is actively involved in advising corporate on inbound investments, cross border transactions, tax and regulatory matters relating to direct and indirect tax laws. In his role, he has advised many Companies on issues ranging from entry and exit strategy formulation, transaction structuring, business reorganizations, as well as insolvency related issues. Mayur Batra also has enriched experience & expertise in carrying several representation services before several Indian statutory bodies, agencies & Indian ministries. He has been actively involved in obtaining various statutory approvals, licenses from statutory agencies in India and abroad. Mayur Batra received his Bachelor of Commerce degree from the Delhi University in 1993 and completed his Chartered Accountancy Programme in He is a Fellow Chartered Accountant registered with the ICAI since He is also an Associate Cost and Works Accountant with the ICWAI since As your engagement partner, Mayur Batra will lead the service and be responsible for planning, coordination and delivery of our services.

6 USING THE RIGHT PEOPLE Our Team Peeyush Joardar - Audit Director Strategy planning and implementation Business restructuring Statutory compliances Amit Sachdev Senior Advisor International tax advisory Cross border transactions Entry and exit strategy formulation N. P. Sahni Advocate and Legal Advisor Business Law Advisory Tax consultancy Exchange control regulations Rajan D. Gupta Head of Corporate and M & A Practice Mergers & Acquisitions transactions Joint Ventures & Collaborations Due Diligence

7 USING THE RIGHT PEOPLE Our Team Sakina Dickenwala Management Consultant Business Consultancy Advisory Services Business Setup Taher Singaporewala Audit Manager Audit experience in various industries Review and analysis of financial statements Statutory Audit and reporting Prajakta Sawant Internal Auditor Internal Audit & Assurance Risk Advisory Accounting Rex Felipe - Senior Audit Executive Audit experience in in various industries, specifically trading, realty and manufacturing Preparation of MIS reports Developing specific audit work programs and risk assessments

8 USING THE RIGHT PEOPLE Our Team Leslie Pinto Business Development Manager New lead generation Training Recruitment Akiko Yamane Associate Director Market entry strategies Internal team- and project management Business consultancy Yuki Katsutani - Executive (Japan Desk) Business consultancies and Legal Advisory Internal team - and Project Management Corporate Communication Mylyn Millares Business Development Executive Business development and consultancy Internal team - and Project Management Corporate Communication

9 GROUP SERVICE OFFERINGS Audit and Assurance Services External Audit The firm s audit approach is based on understanding the client, including the industry in which they operate, an independent assessment of the business processes, regulatory compliance framework and control environment. Our audit lends credibility to our clients financial statements, as our auditors offer more to an assignment than merely ticking boxes. Through our global network, they have access to the knowledge of industry developments and international trends, which provides them with intrinsic awareness of the global marketplace and required local standards. We add value by focusing client s attention on risk points and highlighting leading practice ideas for improving controls. Internal Audit / Setting up of Internal Controls In an ever changing and increasingly uncertain world, we all need to focus on managing the risks we face from day to day and from transaction to transaction. Whether you are a small business or a large group, we will deliver the ideal tailored package. We can help you strengthen internal controls in key business areas and further explore and enhance the profitability of business operations. We follow a structured internal audit methodology and have an experienced team which can recommend practical solutions with its timely Implementation.

10 GROUP SERVICE OFFERINGS Audit and Assurance Services Forensic Audit / Fraud Risk Management Managing the risk of fraud and misconduct has never been more challenging. Vast amounts of digital data, increased regulation and costly enforcement actions and litigation are threatening companies across the globe. Financial, commercial and reputational loss is a constant risk. Organizations often lack the resources with the right skills and backgrounds to proficiently conduct a prompt, costeffective and objective investigation. Financial Due Diligence Our investigation services team works closely with clients to understand an investigation s objectives and coordinate our approach to utilize the appropriate resources. We help our clients take immediate and decisive action that can help prevent, detect and respond to potentially contentious or harmful situations. Financial Due Diligence generally refers to determining whether or not company accounts are consistent, evaluating the real situation of assets, liabilities and tax risks. We can assist clients by analyzing the target s revenue and profit drivers and the associated risks, including off-balance sheet items. Our reports summarize the findings and evaluations encompassing the operational and financial trends of the target company covering areas tailored to specific client needs such as Working capital normalization Capital expenditures Customer and vendor analysis Product profitability Contract review Contingencies and commitments Accounting policies review Net asset redundancies

11 GROUP SERVICE OFFERINGS Outsourcing and Financial Advisory Book keeping / Accounting and MIS Reporting Companies require accurate and real - time financial information for decision-making and performance monitoring. We are an expert in MIS Reporting Services & Bookkeeping Services serving the various industries. Our MIS reporting services and professional bookkeeping services have helped top-notch Corporates in book keeping and accountancy. It streamlines their accounting processes, reduces workload and maximize their resource utilization. MIS is very different from regular information system and is used to analyze the other information system that are applied in the operational activities of the organization. STATUTORY REQUIREMENT - UAE FEDERAL LAW NO. (2) OF 2015 ( NEW LAW ) Accounting Records (Article 26) Every Company shall maintain accounting records showing its transactions to accurately reveal at any time the financial position of the company and enabling the partners or shareholders to confirm that the accounts of the company are properly kept in accordance with the provisions of this Law. Every company shall keep its accounting books in its head office for a period of at least 5 (five) years from the end of the financial year of the company. Failure to keep Accounting Records (Article 348) A fine of at least AED 50,000 (fifty thousand), but not more than AED 500,000 (five hundred thousand) shall be imposed on the company that fails to keep accounting records for the company to state its deals. Failure to keep Accounting Records for the Period as per Law (Article 349) A fine of at least AED 20,000 (twenty thousand), but not more than AED 100,000 (one hundred thousand) shall be imposed on the national or foreign company that fails to keep accounting records for the period determined in this Law.

12 GROUP SERVICE OFFERINGS Outsourcing and Financial Advisory Accounting / Compliance Review Reviewing the financial / accounting records on a monthly, quarterly and yearly basis. Our team of professional accountants reviews the accounting records to ensure that the same are compliant with the International Financial Reporting Standards and also meeting all the statutory requirements. IS Assurance In an ever-changing information technology world, IT and financial reporting are becoming increasingly complex as there is a greater reliance on the IT systems and processes. There is a need for greater emphasis on system controls and a requirement for independent assurance on the design and operating effectiveness of internal controls. Attention is required on the design and operation of controls which helps the management to have accurate, reliable information for financial reporting and decision-making process. Our assurance team helps you to evaluate the controls surrounding your financial reporting process in alignment with your business process and IT controls. Our assurance services include: A comprehensive information system audit IT general control reviews (ITGC) ERP applications reviews focusing on financial reporting Pre and post implementation reviews

13 GROUP SERVICE OFFERINGS Outsourcing and Financial Advisory Payroll outsourcing and Recruitment Payroll is a non-core activity that consumes major productive time and resources of most companies. It s a complicated process that involves significant amount of time and effort to keep this critical function under control. We provide highly customizable payroll solution that optimizes the payroll activity of complex payroll structure. We work closely with companies to streamline and standardize their various business processes related to payroll activity. We have extensive experience of implementing complex and multi-country payroll process through our end to end solution. We provide seamless integration from monthly data input to e-banking payment and finance posting files. Our payroll services and deliverables are as follows: System customization and payroll set-up WPS compliance payroll Payroll calculation and processing Payroll payment Employee self-service portal integrated with payroll solution Leave management system integrated with payroll solution Deliverables Password protected e pay slips Payroll working report Headcount and payroll variance report E-banking file integrated with banking platform Finance and GL posting files integrated with finance solution Leave management report Expense management report

14 GROUP SERVICE OFFERINGS Business and Management Consultancy Company Incorporation / Entry Strategy Our experienced team of professionals have in depth knowledge and experience in the rules and regulations in setting up of entities across the UAE. Our team of specialists understands business objectives and assists in identifying appropriate legal Structure/Location; assists in the complete registration process of entities in the UAE. Our wide range of advisory services includes: Setting up of offshore entity in UAE which includes acting as Registered Agent for Offshore Entities Setting up of Entities/Companies (Non-Offshore) in UAE Which Includes setting up Limited Liability Company (LLC) and/or Branch of Foreign Company and/or Sole Establishment and/or partnership Firm and/or Free Zone Company Assistance in structural changes of a Free Zone, LLC & Branch of Foreign Company in UAE Assistance in visa related process for Investors. Market research and feasibility Company Liquidation Economic feasibility studies are carried out by our experienced team of professionals to understand markets, competition, products and services. We also perform a SWOT analysis. We also conduct feasibility study for existing and future markets / products. Providing consultancy in relation to liquidation, obtaining the required approvals, preparation of a liquidation report and advisory on exit route procedures.

15 GROUP SERVICE OFFERINGS Business and Tax Advisory Mergers and Acquisitions Our M&A Advisory team delivers transaction-focused strategic advice to corporations, private equity funds and public sector clients. Our integrated offering of M&A advisory, due diligence, macroeconomic forecasting and tax structuring can deliver optimal solutions for our clients. We can provide the deal execution expertise. Our access to global investors, suite of complementary services and our position sets us apart from boutique advisory firms. PRO services Drafting services Our consultants are experienced professionals in public relations services and well aware of the employment laws in Dubai and free zones. As a professional PRO services provider, we are able to help you with obtaining employment visas, employee labor cards, family residency visas, family residency visas renewal, business license renewals/modifications, company documents such as immigration card and labor computer card and more. We assist in drafting / vetting of joint venture agreements, memorandum of associations, commercial and other agreements. Tax Advisory International Tax advisory Effective tax planning can empower business with a competitive advantage when aiming for growth and expansion, even when markets are challenging. We offer international tax consultancy services to both corporations and individuals who are engaged in overseas business activity. VAT Advisory and Set-up UAE will introduce VAT on 1 January 2018 at a rate of 5%. VAT will be introduced in the UAE in two phases. In Phase 1, companies with recorded revenue of more than AED 3.75m are obliged to register for VAT. Also within Phase 1, companies with revenue between AED 1.87m and AED 3.75m will have the option to register for VAT. In Phase 2, all companies will have to register for VAT however the date for Phase 2 is still under discussion. This may indicate the manner in which other GCC countries will phase in VAT.

16 Dubai Office International Locations INDIA (H.O.) 7, Barakhamba Road, New Delhi , India Tel : , Fax : MAYUR BATRA GROUP JAPAN DUBAI OFFICE CONTACT : Office No 1409 & 1213, Al Manara Tower, Al Abraj Street Business Bay, Dubai U.A.E. PO Box Telephone: / Fax: info@mayurbatragroup.com Website: Level 7, Toranomon 40 MT Bldg., , Toranomon, Minato-ku, Tokyo , Japan Tel : Fax : NEW DELHI GURGAON MUMBAI PUNE CHENNAI BANGALORE AHMEDABAD TOKYO DUBAI