Resume of The Firm

Sharma Kathuria &Co. is a Professionally managed, enterprising & growing, Delhi (India) based Chartered Accountants firm, registered with the Institute of Chartered Accountants of India in Feb., 1998, being headed by highly experienced and qualified fellow of Chartered Accountants who are also specialized in different fields such as 'ISA' and 'IRM' with sound professional competency catering to various requirements of the modern age corporate world.

The firm has expertise to range of activities covering the entire gamut from Direct to Indirect Taxes including Income Tax, Service Tax and VAT, Auditing covering Statutory Audits , Tax Audits & Internal Audits, System Review, Company Law Matters, Loan Syndication, Project Consultancy & Financing, Investment & Risk Management and Mergers & Acquisition etc.

The firm has most modern well equipped centralized office with ultra modern hardware and software facilities. The personnel strength of the firm consists of three full time chartered accountants including one Senior Chartered Accountant & Ex-Banker, one Retired Banker of D.G.M rank from SBI and one Retired Sr. Manager of General Insurance sector as consultants.

Experience

Firm with its team of professionals and audit staff has consistent performance in all around activities encompassing the whole spectrum of Insurance, Banking, Pharma, FMCG and Retail.

For the last one decade the firm is strengthening its experience in Specialized Audits be it Internal Audit of Insurance Sector, Revenue or Inspection Audit of Banks, Reconciliation of Accounts of Public Sector Undertaking, Stock Audits of Govt. owned retail chains (KendriyaBhandars) Process Audit of more than 60 stores of Spencers retail and Micro Check of 40 stores of Reliance fresh and SOP Audits of more than 200 stores of"Big Bazzar" flagship FMCG retail stores of Future Value Retail Ltd.

Experience of Bank Audit

The Firm has undertaken more than 45 Statutory Branch Audits of PSU banks viz. Punjab National Bank, State Bank of India, Allahabad Bank and more than 35 Statutory Branch Audits of Regional Rural Banks Viz."Nainital Almora Kshetriya Gramin Bank" and"Uttrakhand Gramin Bank". The Firm has also undertaken Concurrent Audit of UCOBank, Defence Colony Branch and High Court Branch for consecutively 3 years respectively.

The Firm also has to its credit various Revenue Inspection, System Audits and Stock Audits of various Public Sector Banks Viz. Oriental Bank of Commerce, State Bank of India, UCO Bank. Partners’ of Firm have wide Bank Audit experience and have individually handled various assignments of"Jammu & Kashmir Bank Ltd.","Union Bank of India","Central Bank of India","Bank of India","Canara Bank","Andhra Bank"

Statutory Audits

Punjab National Bank : 12 Branches of Dehradun Region
State Bank of India : 15 Branches of Hardwar & Dehradun Region
Allahabad Bank : 12 Branches Nainital & Hardwar Region
Nainital Almora KG Bank : 15 Branches of Nainital & Rudrapur
Uttrakhand Gramin Bank : 60 Branches of Almora & Dehradun Region

Concurrent Audits

Punjab & Sind Bank : Gole Market Branch , New Delhi
Uco Bank : Defence Colony Branch,New Delhi
Uco Bnak : High Court Branch , New Delhi

Stock Audits

Uco Bank
Central Bank of India
State Bank of India

Focus Areas in Banking

Monitoring of Large Borrowal Accounts particularly newly sanctioned accounts Regular monitoring of Large Borrowal accounts under CDR/Rehabilitation Investigation of frauds/diversion of funds Other serious irregularities in Large Borrowal Accounts Concurrent/Internal Audit of Large Branches including Branches handling Foreign Exchange Business Stock Audit of Large borrowal Accounts Information System Audits Revenue Audits of Large Branches Surprise checking/audit of charged assets /securities to the Bank as per directions of the Bank

Experience of Specialised Audits

For the last decade the firm has acquired specialized experience of "Retail Sector Audit" and it has carried out varied audit formats for very large FMCG and Retail corporate. Firm has gained special exposure to organized retail sector audits be it physical verification of stores, post physical inspection verification of randomly generated samples, theme based audit of logistics and sales, inspecting peripheral reference of stocks, rating of stores on the basis of performance etc. The audit team of the firm has carried out internal audit of more than 200 Stores of Reliance Fresh, Reliance Super Stores, Spencer's Retail and Big Bazaar across the country.

The firm has done P.V Audits, SUSD Audits and SOP Audits for following Major Retail Sector Groups :-

Big Bazaar (Future Retail) across the Country : More than 200 Stores
Reliance Fresh Stores across the Country : More than 200 Stores
Reliance Super Stores across the Country : More than 200 Stores
Spencers Retail Delhi NCR and Punjab : More than 200 Stores
Tata Indicom (DIESEL)
Kaya Skin Clinics, Delhi NCR More than 200 Stores
Kendriya Bhandar Stores all over Delhi. More than 200 Stores
Army Headquarter Canteen, Delhi

The objective of the firm is to gain specialization in audit of organized retail sectors and to make the Internal Audit process a value addition to the enterprise by helping control the pilferage, dump and stock outs and to check the adherence to laid down systems and procedures.

Taxation & Secretarial

Apart from the above specialization of the firm in the area of Retail Sector and Banking Sector the firm is actively undertaking the following generalized services for its Private Sector Clients and MSME Sector :-

Direct taxes

  • Tax planning
  • Conducting tax audits
  • Filing tax returns
  • Advance tax advisory
  • T.D.S Compliances

Indirect taxes

  • Vat registration
  • Filing vat returns
  • Vat assessment
  • Vat appeals and advisory
  • Service tax registration
  • Filing Services Tax Returns
  • Service Tax Advisory

Finance & Accounts

  • Preparation of Project reports and CMA Data
  • Funds Flow and Ratio Analysis
  • Fixed Assets and Inventory Management
  • Reconciliation of Accounts
  • Costing and Budgeting
  • Maintaining Accounting Records
  • Finalisation of Accounts
  • Preparing Financial Statements
  • Debtors / Creditors Management
  • Cash management
  • Pay Roll Processing
  • MIS Reporting

Secretarial Services

  • Registration and Incorporation of Companies
  • Filing of Statutory Forms and Documents with R.O.C
  • Maintaining Statutory Registers and Records
  • Maintaining Minutes Book
  • Assistance in opening of Branch/Liaison office by Overseas Companies
  • Other advisory services