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Mehrotra & Mehrotra Chartered Accountants
A Member firm of
Riskpro India
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About Mehrotra & Mehrotra
Our Services
Examples of our Involvements
Our Contacts
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Who is Mehrotra and Mehrotra… Why us?
ABOUT US
Mehrotra and Mehrotra is a 50 year old Delhi based Chartered accountant firm.
Currently it has offices in three major cities Jaipur, Delhi and Kanpur and in another 15 cities through its associates/member firm network.
Services provided are audits, accounting, taxation, legal advisory and consulting.
11 Partners with qualifications like CA, MBA, DISA, LLB, CIA etc.
MISSION
A one stop shop for all audit and consulting needs of small to mid size corporate and high net-worth individuals
To be top consulting firm in India by 2015.
VALUE PROPOSITION
You get quality audit and advisory services at reasonable fee levels.
High quality deliverables
Multi-skilled & multi-disciplined organisation.
Team consists of CAs, MBAs, CIA, LLB etc.
Timely completion of any task
DIFFERENTIATORS
Audit is our main focus
Over 200 years of cumulative experience
Ability to take on large and complex projects due to delivery capabilities
We Hold hands, not shake hands.
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About Riskpro India Riskpro is India’s first national practice dedicated to risk management services and training,
corporate governance, and global regulatory compliances
Risk can be defined as a prospect of loss or reduced gain that can adversely affect the
achievement of an organisation’s objectives
When greed overtakes need, it spells trouble. Manifested as ‘bankruptcy’ in much of the
developed world and ‘corruption’ closer to home, greed has clearly disrupted some major
industrialised economies and enhanced the risks of doing business
In today’s world, risks are not few. The reason companies so often fail to systematically
manage their key risks is rooted in the way they define the risks they face. Risks are
manageable and the answer to untapped business opportunities that lie dormant waiting for
risk factors to turn favourable
Riskpro was founded in 2009 with offices in Mumbai, Delhi, and Bangalore and it has already
added eight member firms in Ahmedabad, Agra, Chennai, Gurgaon, Hyderabad, Jaipur,
Ludhiana, and Pune. All our offices and member firms are well equipped and staffed with
qualified professionals viz. CA, CWA, CS, CPA, CISA, CFA, and MBA
Riskpro’s founders are qualified risk management specialists with extensive work
experience in Europe and USA in several industries and financial institutions
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About Mehrotra and Mehrotra, Chartered Accountants
Mehrotra & Mehrotra is a member firm of Riskpro India. It is a Chartered Accountants firm based at New Delhi. It is also having offices at Jaipur and Kanpur. The firm was established in the year 1962 by Mr. M.P. Mehrotra, now a very senior member of the Institute of Chartered Accountants of India. It is managed and headed by proficient and veteran chartered accountants. Our team of professionals including Chartered Accountants, Certified Internal Auditors, Lawyers, Solicitors, Engineers and MBA's are engaged in developing and refining new processes and methodologies to offer excellent quality services to our esteemed clients. The firm in its existence of over 50 years has provided a wide gamut of services like Accounting Services, Auditing Services, Taxation Services to the clients both within and outside India. We provide complete range for any kind of financial accounting services, business process outsourcing, direct and indirect tax consultancy etc., in India. We offer the most authentic professional services like income tax, service tax, value added tax etc., which can easily accelerate for the clients. Mehrotra & Mehrotra is professionally managed organization, which is wholeheartedly engaged in providing most reliable services.
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M&M’s audit experience / capabilities
Stability of the Firm
Established in 1962.
Offices in New Delhi , Kanpur and Jaipur
Manpower
11 Partners.
2 Professionally qualified chartered accountants
25 Articles
12 other Staffs
Professional Experience
Registered with ICAI -000226C
Empanelled with CAG – CR 0018 (empanelment number)
Empanelled with RBI – 334517 (Unique Code No.)
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Kanpur
Delhi
Jaipur
Well positioned to assist you in India
We have offices in three Major cities of India, Delhi ,Jaipur and Kanpur.
Large base of clients spanning multinational and local public and private sector4
Access to 11 partners and professionals with substantial industry background and experience
Wide range of service Areas
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Audit
Tax Consultancy
Services for Non-Residents
Corporate Services
Investment Advisory and Planning
Payroll
Business Acquisition/Sale Advisory
Due- Diligence Reviews
Accounting Services
Banking and Financial Sector
Consultancy and Advisory
Service Tax
Tax Deducted at Source TDS)
Our Services
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Our auditing services include
External audits (statutory)
Internal audits
Risk based internal audits
Income tax audits
Service tax audits
Value added tax audit
Income and expenditure audit
Physical verification of fixed assets
Inventory audit
Our Services-Auditing
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Our tax consulting services include
Filling of Income return for Individuals, Firms, Companies or Trust.
To obtain Permanent Account Number (PAN) and TAN number.
Tax audit
Rectification, revision or appeal of Income tax orders.
Tax clearance certificate
Consultancy in TDS matters
Advance tax computation
Tax planning
Our services – Tax consultancy
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Our services – Non-Resident consultancy services
Our NR consulting services include Allotment of Permanent Account
number (PAN) Tax planning. Consultancy/ advice on FEMA/RBI
matters. Filing Income Tax/ Wealth Tax
Returns Advice on making investments Issuing certificate for repatriation of
income / assets from India. Making application to RBI for various
matters including sale/purchase of residential/commercial properties.
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Our Services-Corporate Service
Our Corporate Services include Incorporation of company Consultancy on Company Law matters. Filing of annual returns and various forms, documents. Maintenance of Statutory records Consultancy on Public/Rights/Bonus Issue of shares. Change of Name, Objects, Registered Office, etc.
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Our Services-Investment Advisory & Planning
Our Investment Advisory services include
Portfolio Management
Advise on Investment in Life Insurance
Opening a Depository Account
Investment of Capital Gain money
Infrastructure Bonds
Assistance for purchase /sale of Shares, Securities, Units of UTI and other
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Our services – Merger and Acquisition services
Our Merger and Acquisition related services include
Advise on the Valuation of the Company.
Legal vetting of the agreement of the company and the implication.
Status of Legal compliances of the company in respect of major law applicable.
Assessing the Accuracy of Financial Statement of the Company.
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Our services – Financial services
Our Financial services include
Forecasting and Analysis
Cash flow Management and Forecasting
Projected Profitability Statements
Projected Balance-Sheet
Ratio Analysis
Arranging and syndicating funds requirement
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Your requirements
● You require a firm with not only demonstrable skills and experience in your sector, but also the ability to deliver seamless compliance and business support services that match your development plans;
● You also wish to work with a firm that is personable and easy to deal with. While we operate in an environment that demands honed technical ability and a degree of formality, arising from the professional standards we observe, we regard ourselves as a flexible and responsive team that has client relationships at its heart; and
● You, also wish to ensure that your auditors, consultants and advisers are appropriate for tomorrow's environment.
● You require a firm with not only demonstrable skills and experience in your sector, but also the ability to deliver seamless compliance and business support services that match your development plans;
● You also wish to work with a firm that is personable and easy to deal with. While we operate in an environment that demands honed technical ability and a degree of formality, arising from the professional standards we observe, we regard ourselves as a flexible and responsive team that has client relationships at its heart; and
● You, also wish to ensure that your auditors, consultants and advisers are appropriate for tomorrow's environment.
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Our commitment
We commit to you that we will:
● dedicate our best resources to ensure that your needs are met;
● provide an effective, efficient and smart consulting services;
● adhere to timeliness and reporting deadlines;
● provide constructive suggestions on improving processes and controls;
● work closely with your management in a co-operative environment; and
● keep you regularly updated on significant changes in regulatory, . accounting and other compliance sectors.
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Our differentiating factors
● Adding value to the client and protecting their business is paramount and our logo
symbolizes that bond of protection
● Unique combination of International, senior, hands on industry experience, across
all areas of the requirement.
● Mature and deep domain expertise, along with current involvement in strategic
business growth activity.
● Strengths in relation to Business Model and Objectives - Track Record of Ethical
Practice
● Strengths in relation to Implementation Plan - Proven Success in taking businesses
from Vision to Reality through tactical Implementation across all aspects of the plan
● Strengths in relation to Requirements- Track Record in geographical, Professional
and Business areas.
● Building enduring relationships with all our clients as a trusted business partner
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Client Centric approach – M&M and Clients
Our Clients
Delivery Capabilities
Focused Solutions
Reasonable
Fees
Timely Completion
Precise understanding of your requirements
Integrated deployment of our service offerings
Willingness to partner with you for long term relationships
Ability to keep pace with new developments
Wide geographic spread in 3 major cities and alliance offices in several other cities
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Examples of our Involvement
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Risk Based Internal Audit How we Do
Transaction Audit
Control Reviews
Process Reviews
Risk Assessment
Fraud Mitigation
Enterprise Risk Assessment
Increasing Enterprise Risk Focus
Ne
ed
of
Org
aniz
atio
ns
Internal Auditing helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Source: The Institute of Internal Auditors 1999 (IIA)
Benefits of Risk based Audit • Traditional audit view value added techniques •Risk profile of Businesses •Internal Controls & Ops Risk reviews •Cost reductions recommendations •Review of Fraud Risk Controls
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Enterprise Risk Management (ERM) - Methodology
1 FOUNDATION 2 RISK IDENTIFICATION
•ERM vision •Goals and objectives •Policies •Organization structure •Alignment to strategies
•Risk Assessment •Gap Analysis •Risk Mapping
3 BASIC ERM
Foundation
•FOUNDATION TASKS •RISK ASSESSMENT TASKS •Risk Mgmt for 2-3 critical risks •Evaluate existing RM structures •Enhanced management reports •Dashboards •Monitoring tools •Risk based Communication
4 ENHANCED ERM
Foundation
•Foundation Tasks •RISK Identification •Enhanced Framework
Risk Identification Risk Identification
You select the level and size of ERM efforts to suit your needs and budget.
How we Do
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IT Governance How we Do
IT ASSURANCE • Business Continuity Planning • Computer Crime Investigations • Training in IT • Compliance with IS Policies & Procedures
INFORMATION SECURITY • Penetration Testing • Application Systems - Security review • Review of IS Controls • BS 7799 / (ISO 27001) Implémentation • Formation of IS Security Policy • Compliance with IS Policies & Procedures
IT GOVERNANCE • COBIT • ValIT • Balanced Scorecard • IT & Business Maturity Models
IS AUDIT • Operating Systems Audit • Database Audit • Networking Audit • Firewall Audit • IDS Audit • Web Application, Data Center Audit • Internet Banking, Core Banking Audit • Performance & Forensic Auditing •Application Systems - Functional review • Compliance with IS Policies & Procedures
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Fraud Detection
Fraudulent Vendor
Recruiting new dealers, suppliers, franchisees or distributors
Anti-Fraud Measures
Monitoring Compliance and Authorization
Workplace Practice
Background check for employees
Background check for customers
Prevent default of high value bills
To detect and prevent fraud and evaluate Code Of Conduct Compliance on following parameters :-
Analyze
Investigate
Resolve
Understanding Your Supply
Chain
To Monitor Your Process
Evaluating your need
Source Root cause of Problem
Obtaining And securing
Evidence
Confidential Interviews
with vendors
Prioritize solutions and
remedial measures
Quantify Loss and Suggest possible
Actions
Solve Compliances
Issues
Benefits To You
Protects you from any Monterey or Reputational damage
Code Of compliance establishment
Enables you to identify risks / control gaps
Helps you identify any undisclosed production
Risk Mitigation
Our Solution For you
Forensic and investigation services How we Do
Based on our understanding of your requirements, we have customized a package of our solution offerings to meet your needs, which is detailed in the ensuing slides.
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BC
P M
anag
em
en
t B
CP
Pro
cess
BC
Planning
Starts
Establish
BC Policy
Establish BC Training & Awareness Program
Coordinate with laws, regulations, standards
Coordinate with internal / External related agencies
BC Plan
Completed
Business
Disruption
Maintain BC
Readiness
Project Scoping
Prepare Project Budget
Create Steering
Committee
Set up BC Project BC Plan Development Project
Risk Assessment / Management
Business Impact Analysis
Business Continuity Strategy
BC Plan Development
BC Plan Audit
BC Plan Testing
BCP Audit; Maintenance;
Testing; Training
Execute
BCP
Business Continuity Management – Processes and Timelines
How we Do
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Governance, Risk and Compliance(GRC) Risk management software implementation
• We help organisations adapt to change, manage risk, and effectively comply with the risks and regulations which effect their businesses.
• Helps in successfully managing risk and achieving compliance in an ever-changing environment while reducing costs and improving corporate performance every day.
Govern risk & compliance with business benefits
• We have tie-ups with world leaders in implementation of risk management software solutions.
• Centralising risk and compliance management.
• GRC control panel – dashboard for decision makers.
• Real time reporting with status updates
• Risk reporting
GRC software solutions
How we Do
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Comprehensive risk review model – PE/VC Investments
Risk review before investment
Risk Management services during and post investment
Periodic reviews / audits after investment
Evaluate and conclude on Business Risk, Project Risk
Review of existing controls and policy framework to mitigate risks.
Governance, Management Philosophy review
Internal Controls for accounting/ reporting to ensure proper accounting
Proper accounting and disclosure of transaction by investee company
Establishing a framework for Risk management at investee company
Document key risk policy
Implement a simple MIS and Risk Analytics framework
Quarterly visit to investee company to review operations, identify key risks and any risk management issues
Help enhance internal controls, risk management initiatives to ensure sound business execution
Provide quarterly reporting of findings to PE/VC firm
How we Do
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Our Select Experiences
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Mehrotra & Mehrotra Clients Our Clients
Name of the clients
BHEL
NTPC
Airport Authority of India
Bank of India
Punjab National Bank
KM Sugar Mills Limited
Manav Breveries Limited
Bank of Maharashtra
Indian bank
Indian Overseas Bank
Gateway Container Limited
Hind Concor Terminals (Dadri) Private Limited
Northern Coalfields Ltd
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Founder & partner - Mehrotra & Mehrotra, B. Com, FCA, LLB Over 49 years of experience in audits, taxation, legal matters, loan syndication etc.
Trustee of Cochin Port Trust, Member of Task Force for MOUs, Ministry of Heavy Industries & Public Enterprises, Govt. of India, Ex- Member of Central Board of Trustees, Employees’ Provident Fund Organisation (EPFO), Ministry of Labour, Govt. of India, New Delhi.
Ex - Director, Canara Bank
Mr.
MP
Meh
rort
a R
ajes
h J
hal
ani
Partner - Mehrotra & Mehrotra B.Com, FCA Over 20 years of experience in the field of Audit, Taxation, Company law matters. Major clients served are NTPC, BHEL, Bank of India, PNB, Airport Authority of India etc.
RESUMES – Our team
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RESUMES – Our team
Partner - Mehrotra & Mehrotra FCA, DISA Over 35 years of experience in the field of Audit, Taxation, Company law matters. Major clients served are K M Sugar Mills Ltd., NTPC, BHEL, Punjab National Bank,
Syndicate Bank, Bank of India etc.
A N
Ras
togi
Partner - Mehrotra & Mehrotra
Co- Founder - Riskpro
CA (India), MBA (Netherlands), CIA (USA)
Over 17 years of extensive internal and external audit experience in India and abroad.
Worked with KPMG United Arab Emirates, PKF South Africa, Ernst and Young Kuwait, Deloitte Netherlands and KPMG India.
Worked with clients in a wide variety of industries and countries including trading, retail and consumer goods, NGO, manufacturing and banking and finance. Major clients include banks, investment companies, manufacturing organizations, aviation etc.
Rah
ul B
han
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Contacts
DELHI
Rajesh Jhalani, Partner
C-561, Defence Colony, New Delhi-110 024
M- 98103 94611 E- [email protected]
JAIPUR
Rahul Bhan
52, Gaurav Nagar Civil Lines Jaipur-302 006
M- 99680 05042 E- [email protected]
KANPUR
A.K. Rastogi
16/49, Civil Lines Kanpur-302 006
M- 98391 09666 E- [email protected]
www.mmcharteredaccountants.com
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Our Select Experiences
