Assistance in the diligence audit matters as well as resolution of pending tax orders.
Client was a start-up company focused on the sales, marketing, and distribution of a range of beverages, based in Pune. They had been in business for 3 years and had approached investors for their seed funding round. Due diligence from the investors was being carried on in the company when a series of issues such as non-tax compliances and non-maintenance of records were identified. The company was looking to change their current tax & accounts professional and had approached us for assistance in the diligence audit matters as well as resolution of pending tax orders.
Post our engagement, we helped the company in sorting out the pending tax and legal matters within one month’s time and helped in minimizing the tax penalties. The company was able to procure around $ 450k funding. We were also appointed with the company subsequently for their monthly compliance services for book-keeping, payroll and tax compliance.
Company planning to go for valuation and were in talks with investors
Client company was working in the digital health space. They were planning to go for valuation and were in talks with investors. They approached us for a business valuation report. Since the company was a startup and in a niche space with not many industry peers, it required us to do a deep dive analysis while working on the projections. This entailed going for several round of discussions with the management and understanding the business plans for correct application of predictions in numbers.
Post our valuation report, the client was able to procure around INR 30 mil round in funding. We were also engaged with the company post the funding round on providing MIS reports to their investors, such as Cash burn analysis, Costing reports and monthly PL statements.