Valuation

October 21, 2020

Valuation has become an integral part of the Business sphere. A number of business transactions require valuation as per the different statutes.

Section 247 of the Companies Act, 2013 mandates that all valuations required under Act shall be carried out by Registered Valuers only. Similarly, as per Insolvency and Bankruptcy Code, only Registered Valuers shall be eligible to carry out the valuations. Insolvency & Bankruptcy Board of India (IBBI) shall be the Authority to grant licenses to act as Registered Valuers.

SPARK is committed to providing the best of services to its clients in the domain.

 

We Conduct Valuation of Securities or Financial Assets under following Acts and/or Regulations

  • Valuation under Companies Act,2013
  • Valuation under Insolvency & Bankruptcy code,2016
  • Valuation under Income tax Act,1961
  • Valuation under SEBI Regulations
  • Valuation under Ind AS
  • Valuation under SARFAESI Act,2002
  • Valuation under FEMA,1999
  • Valuation of Intangible Assets
  • Valuation of Distressed Assets
  • Business Valuation
  • Valuation of Brand
  • Valuation of Intangible Assets
  • Valuation of Equity Shares, Preference Shares, Debentures etc.

 

Usually, Valuations reports are required for the following:
a. Issue of Shares & Securities
b. Fair Value Determination as per IND-AS / IFRS
c. Valuation of Intangibles
d. Related Party Transactions
e. Issue of Shares for Non-cash consideration
f. Valuation of Goodwill and Intangibles.
g. Fairness opinion for Scheme of Amalgamation & Arrangement
h. ESOP Valuation
i.  Valuations for special purposes such as disputes, exits, etc

Insolvency Professional

October 19, 2020

Services to Financial and Operational creditors:-

  1. Filing of Claim for Financial Creditors
  2. Preparation of Demand Notice for Operational Creditors
  3. Filing of Claim for Operational Creditors
  4. Act as an Interim Resolution professional
  5. Act as a Resolution Professional for Corporate Insolvency Resolution process, Fast track Resolution and Liquidation
  6. Act as a Liquidator under IBC
  7. Drafting of Reply of various notices issued by Corporate debtor

Services related to Corporate insolvency Resolution process of corporate debtor:-

  1. Public Announcement drafting
  2. Appointment of Authorized representative for class of creditor
  3. Accumulation and verification of claims of creditors
  4. Formation of Committee of creditors and monitoring of all meetings of committee
  5. Drafting and issuance of Expression of interest for inviting Resolution plan
  6. Inviting Resolution plans from Resolution applicant
  7. Analyzing Resolution plan received from Resolution applicant
  8. Finding best Resolution plan for the benefit of Corporate debtor
  9. Submitting best resolution plan to Committee of creditors and NCLT
  10. Appearing before NCLT/NCLAT for all hearing under IBC related to Corporate insolvency Resolution process/Fast track resolution process and Liquidation process

Services to Corporate Debtor:-

  1. Drafting of Reply of Demand notice sent by Operational Creditor
  2. Drafting of Reply of various notices issued by Resolution Professional appointed by Creditors
  3. Drafting of Reply of various notices issued by NCLT/NCLAT
  4. Act as Resolution professional for Insolvency resolution process initiated by Corporate debtor
  5. Act as Liquidator for Liquidation process initiated by Corporate debtor

Research

June 24, 2020

BE A LIFELONG STUDENT, THE MORE YOU LEARN TE MORE YOU EARN AND THE MORE PEOPLE CAN TRUST YOU.

The sustained development of any organization depends upon the efforts put in gaining the knowledge. SPARK puts special efforts in keeping its team updated with the latest in the domain. Partners at SPARK are committed to the increment in the knowledge of their respective domain.

Regular research and training sessions are held to update the staff with the recent developments in their respective domain of practice.

Also, common repository of knowledge has been created to document every new research so that the same can be used for the benefit of all.

Outsourcing Services

June 18, 2020

SPARK provides a range of Accounting, Advisory & Compliance services to support the client and to allow them to concentrate in their key area i.e. business. Outsourcing processes also lead to Cost Optimization because of the operational efficiencies and expert resource pooling.

The services that we provide are:

1. Accounting & Bookkeeping:
At SPARK, we custom design our outsourcing services to meet your requirements and to meet your business goals. We work as a customer’s virtual back office for all their bookkeeping and accounting work right from the set-up, support, maintenance till accounting report.
This includes but not limited to:

  • Accounting and Bookkeeping
  • Financial Data Processing
  • Receivables Management
  • Payables Management
  • Fixed Assets and Stock Management
  • Payroll Processing Reconciliations
  • Accounting Review & MIS Reporting
  • Finalization of Accounts

2. Transaction Process Optimization
We help the organization to improve the productivity and efficiency by financial transaction process optimization. Financial transaction processing involves a series of activities that are the fundamental of doing day-to-day business like accounts payables, inventory and fixed assets management, general ledger accounting, project accounting, travel and expense processing and treasury management. We provide solutions after extensive review & analysis of the client’s systems and processes who are struggling in these areas by aligning systems and data, simplifying the consolidation of information across business units, adequately using technology for automated process controls & reducing manual processing thereby eliminating the risk for human error.

3. Human Resource Management and Payroll Processing
Our customized payroll processing services help you focus on what you are best at – running your own business. Our payroll management services allow you to take your human resources management to a higher level and ensuring error free, timely and accurate payroll processing.

It includes following services but not limited to:
• Employee Self Service (ESS): Online technology for employees to view salary slip, submit IT declaration, decide FBP, submit query.
• Online Access to View/Print Salary Slip
• Automated Attendance, Leave Import/Export Solution
• Web-based Leave Solution
• Reimbursement Management
• Replace Excel to Web-based Processing of Payroll, Reimbursement, F&F, Reports Generation, E-challan Generation

4. Virtual CFO Services
Our CFO Service brings visible value to startup and small/medium businesses in the manufacturing sector, services sector, trading sector and other businesses where cash flow and the immediate needs of the business are critical considerations for the sustainability and growth of the business.

The CFO’s job is to provide strong internal controls, capable and efficient reporting systems and sound financial management and advice to the company and its owners the right strategy at the right time.
Our CFO services also provide essential attributes to the business and the management, like analytical capabilities, risk assessment, sensitivity analysis, and regulatory requirements. This helps in transforming information into knowledge (e.g., analyzing, interpreting, and evaluating activities) which in turn improves the quality and context of information for decision makers in an independent and objective environment.

The various services those can be provided depend upon the needs and requirement of the client and be broadly classified as under:

I. OPERATIONAL SUPPORT
1. Daily Operations
2. Ongoing Financial reporting
3. Indian GAAP/ US GAAP/IFRS Reporting
4. Management Reporting
5. MIS
6. Recommendations on areas for improvement and future growth
7. Services related to cash improvement
8. Forecasts of income and expense

II. STRATEGIC PLANNING
1. Business Plan Assistance
2. Corporate Structuring
3. Sensitivity Analysis
4. Corporate Planning

III. INVESTOR RELATIONS Dealing with investors is an expert’s task. There are so many parameters in discussion that require immaculate presentation and decent presentation. A CFO can help take care of such tasks and also can guide the discussions in a suitable direction.

IV. TURNAROUND MANAGEMENT
1. Due diligence
2. Need Based Services
3. Compliance and tax planning
4. Pricing analysis and strategy
5. Workflow process development
6. Transaction structuring/reviews
7. Credit reviews
8. Litigation support
9. Resourcing /Training
10. Internal control improvement and implementation
11. Advice on asset purchases and disposal of surplus assets
12. Training, supervision and development of the accounting team
13. Tax-return preparation
14. Consultation on business strategies
15. Management Consultancy
16.Human Resource Management
17.Business Process & Transformation Outsourcing
18. Mergers and Acquisitions
19.Debt Restructurings
20.Indian Corporate regulatory compliances
21. Venturing New Business Set up
The possible services are not confined to the above-mentioned list. We try and work closely with you, understand your needs in the realms of finance, accounting and compliances, and provide you with custom made solutions.

Startup Consulting

June 18, 2020

Startups have specific requirements. They are not bound by generalized business solutions in the initial stages of their growth. At SPARK, we provide customized services apt to the ever-changing needs of the startups. We deal with needs of the startups in a dynamic environment and help them reach their potential.We help the startups in shaping their ideas into reality.

The services are listed as:
1. Structure of the Business
Structure of the business includes a careful decision-making process depending upon various factors like scale, age and type of business. The same also relates to the complexity in the nature of business and the level of compliance required.
We assist the clients in selecting the right structure of business considering the scale and nature of business.

2. Procuring necessary licenses
We provide consultancy to the startups on the licenses to be taken and also help them in procuring the same.

3. Initial set-up of systems and processes
In the growth stages, the startups are focusing only on the core business. We assist the startups in the Initial set-up of systems and processes so that the promoters can concentrate on the core business. The systems are developed to accommodate the ever-increasing requirements of the dynamic business world.

4. Compliance with respect to various statutes
Business is governed by many statutes and compliance with each is mandatory requirement. We help businesses in complying with the requirements of different statutes so that the clients don’t have to deal with the burden of requirements.

5. Scaling up of business
Its easy to start a business but difficult to set the same on an infinite growth path. SPARK comes to the aid of business by helping them in scaling up by providing:
a. Strategic Business Consultancy
b. Compliances with the increase in business
c. Restructuring of the business with the requirement of growth
d. Catering to the incremental requirements of Business Processes

Advisory

June 18, 2020

As a trusted advisor to our clients, we are able to bring a unique wholistic perspective with our ability to put ourselves in the client’s shoes and look at things from client’s perspective on one hand and as an advisor on the other.

This comes due to the unique experience of our team of having worked in large investment banks on one hand and with inhouse Corporate finance team of large corporates on the other. We have the team that has sat on both sides of the table at senior positions.

This comes due to the unique experience of our team of having worked in large investment banks on one hand and with inhouse Corporate finance team of large corporates on the other. We have the team that has sat on both sides of the table at senior positions.

Investment Banking and Corporate Finance

End to end advisory helping corporations deal with funding sources, capital structuring, and investment decision to maximizing shareholder value through long and short-term financial planning and the implementation of various strategies.

Experienced professionals with work experience with worlds leading Investment Banks and Corporate Strategy/M&A roles with large corporates, help us provide complete perspective to our clients while evaluation their Corporate Finance strategy. Our deep understanding of the Corporate Finance helps our client chose the right strategy and right intermediaries to implement their decisions. We hold the hands of our clients to navigate them through the journey of formulating the strategy and implementing it.

M&A Buy side / M&A sell side

As buy side advisory service, we help our clients evaluate the need for an acquisition or collaboration and find the right targets globally across industries to help them expand the business, achieve vertical/horizontal integrations, helping our clients maximise the value and achieve their vision.

As sell side advisory service, we help our clients evaluate the need for a divestment or investment and find the right acquirors and investors globally across industries to help our clients maximise the value and implement their strategy

We have team with experience of having worked with global investment banks working on domestic & cross border M&A and having worked with large corporate as the inhouse M&A team on cross border transactions, hence, with a unique ability to provide the complete perspective to our clients.

Private Equity, Venture Capital Funds

With our deep access and strong reputation with various Private Equity funds, Venture Capital funds, FPIs, HNIs in India and abroad, we help our clients raise capital at various stages of their lifecycle to help maximise the value and achieve their vision. We work on both buy and sell side mandates for our clients.

Valuation

The Team consists of very senior professional from Industry, Chartered Accountants, CMAs, and Company Secretaries including valuers registered with [IBBI].

We prepare independent, unbiased business and professional practice valuations for a variety of reasons including acquisition, investment, disposal, buyout, merger, restructuring, accounting, statutory / legal etc. The valuation services we provide broadly cover the following:

Business Valuation

  • Acquisition, Domestic and International
  • Assessment of Merger Swap Ratio
  • Valuation of business segments/divisions for spin off/restructuring
  • Fairness Opinion
  • Share Purchase/Investment/Fund Raising
  • Good will Impairment testing
  • Investment Impairment testing for accounting purposes
  • Fair valuation for statutory/regulatory purposes
  • Asset valuation for purchase price allocation for accounting for business combinations
  • Intangible Asset valuation
  • Brand valuation
  • Intellectual property valuation

ESOP valuation

  • Employee Stock Options Valuation
  • Equity Shares/Common Stock for FBT/Perquisites Purposes
  • Stock Options through Black Scholes and Binomial or Lattice technique

Litigation support

  • Representing the clients at various levels with the department
  • Extensive research to assist the client
  • Assistance in preparation of documentation for representation in the Court of Law
  • Document Review
  • Preparation of Legal Forms
  • Case Research
  • Review and Analysis

Annual compliance services

    • Annual Compliance related to the Companies Act
    • Filing of Forms
    • Coordinating with the ROC for various requirements
    • Drafting the External Communication for and on behalf of the company
    • Drafting the Internal Communication for the Company

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Taxation

June 18, 2020

At SPARK, we provide following services but not limited to:

  1. Corporate and Personal Tax Advisory, Planning and Compliance
    Taxation is an Integral part of the Individual&Corporate Financial Planning. SPARK puts adequate emphasis on Advisory for taxation matters. The approach followed is to relieve the clients of the obligations arising in the future.
  2. International Taxation
    The organizations dealing on a multi-national platform are mostly troubled by the Taxation norms persisting across different borders and nationalities. At SPARK, we understand the need of the clients and work out solutions that allows them to exercise flexibility and reconciliation so that they can minimize taxes at both the ends.
    Also, cross border transactions require specific attention and expertise with relation to the taxation regime existing across the borders. SPARK provides advisory in the matter to smoothly execute such transactions.
  3. Transfer pricing
    In the modern day dynamic environment, transfer pricing has taken the Center Stage because of the multiple product and service applications of the intermittent output. We assist our clients in determining a robust transfer pricing system that enables them to conduct a detailed analysis of the cost centers and profit centers of their organization.
  4. Representation and Litigation Support
    Litigation are a routine part of the Taxation regime. SPARK provides all types of litigation support to its clients through its expertise developed over a period of time. Also, through its vast network, SPARK is able to provide all kinds of local support for litigations arising at a local level.
  5. Transaction Tax
    Certain transaction are of a special nature and require a levy of Tax. We consult on the taxation related to the transactions involving Mergers, Acquisition, Cross Border Transactions, Support in Deals, etc.
  6. Goods and Service Tax
    GST as an Act is still evolving. Our team of GST experts keep abreast with the latest in the Act and also research the circulars to provide the best guidance available.
    The services include:
    a. Assistance in Return Filing
    b. Reconciliation of Entries
    c. GST Audit
    d. Litigation Assistance
  7. Other Indirect Tax
    Customs, Excise etc. form an important part of the indirect tax regime. At SPARK, we understand the necessity of dealing with these Acts to the satisfaction of our clientele. The requirements of the clientele is specifically dealt with and the

Assurance

May 26, 2020

AT SPARK, we provide our clients with the solutions that are accurate and timely solutions that best suit the need of the client. We deal with the challenges arising from continuously changing economic and regulatory environment, we provide to management and stakeholders the transparency and trust for better decision making. Our focus is to deliver high quality audit and assurance services by ascertaining and disclosing the financial and non-financial insights to the stakeholders.We proudly carry the acknowledgement and recommendation of our clients – this “TRUST” is the major motivator and contributor in the growth and success of SPARK.

We take into account each client’s unique business, policies and procedures in order to provide the best possible solutions to the clients.

SPARK’s audit and assurance team is:

  1. Committed to client’s requirements
  2. Adherence to the rules and regulations
  3. Update of all the changes in accounting, financial, reporting and auditing areas.
  4. Continuously looking for areas of improvement and  provide suggestions for change.
  5. Committed to provide the information and inspiration to the reader of financial statements.

 

We provide the following services including, but not limited to:

  1. Audit as per Statute
    Statutory Audit is not merely a compliance, it calls for assurance reporting on all the dimensions covering the organization. Our team keeps up with all the facets of Statutory Audit and observes the highest standards of quality in its conduct.
  2. Internal Audit and Management Assurance
    Internal Audit is an integral part of the Control Mechanism and assists organization from within. We assist our clients right from establishing the control mechanism to keeping a vigil on the compliance of the same.
  3. Forensic Audit and Integrity services
    SPARK has a separate team of Experts for the conduct of Forensic Audit and Special Audits. The deliverables are set at very high standards and keeping in mind the expectations of the stakeholders.
  4. Other Regulatory Audit – Trust, Co-operative Society, Charitable Institution, Government
    The Audit for special organizations require a different bent of mind. Also, organizations like these are additionally governed by certain statutes. We take special care in the Audit of such organizations so that there is a total compliance of the concerned rules.
  5. Bank Audits
    Banks form the backbone of the Financial System. SPARK performs almost all the functions relating to the Banking Domain like Statutory Audit, Concurrent Audit, Special Audits, Forensic Audits, Stock & Receivables Audit, etc. SPARK has a specialized team to perform these functions which include Ex-Bankers.
  6. IRFS – Advisory, Implementation and Reporting
    At SPARK, we follow an attitude of looking into the future. We provide advisory on the implementation of the IFRS (which in India is termed as IND-AS). Also, reporting on the same is an integral part of the Assurance procedure.
  7. Limited Reviews
    We conduct special assignments and limited reviews at the behest of our clients. The scope of the assignments vary according to the requirement of the clients.
  8. Due Diligence Reviews
    Due diligence is a routine part of the services provided to the Financial Institutions. We provide customer due diligence services to various NBFC’s in the form of Personal Discussion Liquid Income Profiling for the use of Credit Department.
    Also, we conduct Due Diligence activities of Corporate Entities based on the specific requirements of the clients.
    The vast network of SPARK assists in the delivery of localized services in a timely manner.
  9. Specialized Risk and Advisory Services
    Risk Management and Curtailment is a process that has taken the front stage in this dynamic business environment. SPARK endures the policy of Risk Management and mitigation in a routine manner and serve the same for the client.