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COST AUDIT & COST COMPLIANCE SERVICES

Behind Every Successful Business Decision, There is always a CMA. COST AUDIT & COST COMPLIANCE SERVICES. Dey Deshmukh Nevin & Associates LLP Cost Accountants A COMPLETE SOLUTION. Dey Deshmukh Nevin & Associates LLP Cost Accountants

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COST AUDIT & COST COMPLIANCE SERVICES

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  1. Behind Every Successful Business Decision, There is always a CMA COST AUDIT &COST COMPLIANCE SERVICES Dey Deshmukh Nevin & Associates LLP Cost Accountants A COMPLETE SOLUTION Dey Deshmukh Nevin & Associates LLP Cost Accountants • HO : J-85, Sriniwaspuri New Delhi -110065 , +91-8010739043/9910239043 Presence at : Noida, Mumbai , Pune, Chennai, & Ahmedabad

  2. About Us • Dey Deshmukh Nevin & Associates LLP, team of Practicing Cost Accountants, registered with The Institute of Cost Accountants of India and with MCA with Offices at Major cities in India managing by experienced Cost Accountants who are vest with diversified knowledge and exposure in the filed of Cost and Management Accountancy , Taxation, Finance & Auditing. • Our team members comprises Experienced Cost Accountants, CA’s, CS’s, MBA’s & Chartered Engineer’s. We Committed our experience and skill to provide high quality professional service to the clients with commitment to the highest standards of ethics and integrity. • We are specialised in Cost Audit and Cost Compliance Certificationand maintenance of Cost Records as per CAAR 2011 Vision "To be one of India’s leading Professional services firm and to provide maximum value to its clients.“ Mission "To be best in class, multifaceted accounting firm bounded by Code of Ethics, delivering clients best affordable services with assurance of professional integrity.“ RespectWe are committed to a philosophy of mutual respect, in our dealings with clients, people and all our stakeholders. Integrity We are committed to integrity in our efforts, in our commitments to clients and our people, and in our conduct provide high quality professional services to the clients.

  3. Our Services • We are value leader in the field of Cost and Management Accountancy • We provide services all cross India through our Branch offices situated in major cities and managing by senior most CMAs • OUR CORE SERVICES INCLUDES • • Cost Audits and Cost Compliance certification as per C.A.R. Rule 2011 Issued by MCA• Certificate of Cost of production of captive consumed goods as per Rule 8 of Central Excise Act, 1944 • • Certificate for Average Cost of transportation as per Rule 5 of the Central Excise Valuation Rule 2000 • • Other various certification under Excise, Custom , DGFT etc • • Revenue Assurance Audit and Regulatory Audits• Special Audits under Central Excise, Custom & Service Tax Acts • • VAT / Sales Tax Audit and Other Sales Tax Consultancy • Financial Accounting/Book keeping Outsourcing Services • • Conversion of Financial Statement from Indian GAAP into IFRS & US GAAP.• Risk Management• Direct & indirect Tax Services : Return Filling, Assessment, Settlement ,etc. • • XBRL filling with MCA • • Special Assignment related to cases with ROC, SEBI, Tax Authorities • • Company secretarial works related to filling of annual return with ROC, company formation, etc • • Business Finance Advisory: act as intermediary to facilitate Bank Finance and L/c & Bills Discounting We understand our clients and there Presentation requirement in Financial Statement We provide user friendly Service

  4. Our Offices & Leading experienced CMAs Dey Deshmukh Nevin & Associates LLP Head Office Delhi & NCR J-85, Sriniwaspuri, New Delhi-110065 +91-8010739043/9910239043 info@costauditors.co.in Ashish Dey Branch Offices Noida Aravalli Apartment, Sector-52, Noida-201301 ShilpiGoyal Mumbai Shanker Chaudhary A/906, Bhoomi Hills Chs Ltd., Thakur Village, Kandavali (E), Mumbai-101 Pune Flat:10, Build A-12, New SKF Colony, Chinchwadgaon, Pune-33 Ashish Deshmukh Chennai Dr Natesan Road, 1stLane, Triplicane,Chennai-05 John D Nevin Ahmedabad 170/B, ONGC, CISF Colony, Western Sector, ChandKhera Ahmedabad-05, Gujrat ShivaniDhoble Associate Offices Dhanbad Kolkata Raipur

  5. Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs • MANDADORY COST COMPLIANCE ORDER • GSR No. 429 (E) dated 3rd June, 2011 • prescribing The Companies (Cost Accounting Records) Rules , 2011 : • Applicable for all Companies Whose • Aggregate value of Net Worth > Rs 5 crores , OR • Aggregate value of turnover > Rs 20 Crs , OR • Equity/Debt securities listed in Stock Exchange Procedure for Cost Compliance certificate Every companies CAR applicable must submit cost compliance certificate along with Annual return with MCA. In the prescribed form Duly certified by Cost Accountant In respect of each of the FY commencing on or after 1st April 2011

  6. Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs • Cost Audit Order dated 2nd May ‘2011 MANDATORY COST AUDIT Order No. F. No. 52/26/CAB/2010, dt. 2nd May ‘2011 for Cost Audit by all Companies in 8 Groups of Regulated Industries. Period of Reporting- Each of the FY commencing on or after the 1st April, 2011

  7. Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs • Cost Audit Order dated 3rd May ‘2011 • Subsequently modified on 30th June ‘2011 MANDATORY COST AUDIT Order No. F. No. 52/26/CAB/2010, dt. 3rd May ‘2011 ( subsequently modified on 30th June ‘2011 ) for Cost Audit by all Companies in 6 Groups of Industries. Period of Reporting- Each of the FY commencing on or after the 1st April, 2011

  8. Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs • Cost Audit Order dated 24thJanuary 2012 MANDATORY COST AUDIT Order No. F. No. 52/26/CAB/2010, dt. 24th January‘2012 for Cost Audit by all Companies in 9 Groups of Industries. Period of Reporting- Each of the FY commencing on or after the 1st April, 2012

  9. Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs • Cost Audit Order dated 6thNovember 2012 From FY 2013-14,Industries producing/processing followings products also covered under the cost audit :

  10. Some Important Key Points 1. Appointment of Cost Auditors The Audit Committee of the company shall be the first point of reference regarding the appointment of Cost Auditors. The Cost Auditor has to be appointed by company within 90 days from the date of commencement of each financial year by fling FORM 23C with the Central Government on Ministry of Corporate Affairs Portal. On Filing the application, the same shall be deemed to be approved by the Central Government, unless contrary is heard within 30 days from the date of filing such application. 2. The Companies (Cost Audit Report) Rules, 2011 was notified by Ministry of Corporate Affairs on June 3rd, 2011 stating the revised rules for Cost Audit Report and in supersession of the Cost Audit Report Rules, 2001. The cost audit report submitted on or after April 1st, 2012, irrespective of the financial year of the company to which it relates, shall be in the form prescribed under these rules. 3. The Annexure prescribed with the cost audit report shall be approved by the Board of Directors before submitting the same to the Central Government by the cost auditor. The Annexure, duly audited by the cost auditor, shall also be signed by the Company Secretary and at least one Director on behalf of the company. In the absence of Company Secretary in the company, the same shall be signed by at least two Directors. 4. A cost accountant in full time practice or a firm of cost accountants appointed for conducting cost audit of a product/activity of a company is eligible to also authenticate the Compliance Report of the Company in respect of Companies (Cost Accounting Records) Rules 2011

  11. Some Important Key Points • 5 . A company coming under the purview of the Cost Audit for the first time, the cost auditor shall mention figures for the previous year (s) certifying by means of a note that the figures so stated are on the basis of information furnished by the management, for which he has obtained a certificate from them. • 6. Cost Audit Report is to be prepared for the company as a whole in respect of the product/activity coming under cost audit. • 7. Ministry of Corporate Affairs has issued the following revised Cost Accounting Record Rules vide notification dated December 7th, 2011 • The Cost Accounting Records (Telecommunication Industry) Rules, 2011 • The Cost Accounting Records (Sugar Industry) Rules, 2011 • The Cost Accounting Records (Pharmaceutical Industry) Rules, 2011 • The Cost Accounting Records (Petroleum Industry) Rules, 2011 • The Cost Accounting Records (Fertilizer Industry) Rules, 2011 • The Cost Accounting Records (Electricity Industry) Rules, 2011 • 8. Name and Details of Cost Auditor is compulsory in Annual Report . • 9. CARO disclosure in Statutory Audit Report is mandatory in regards to cost accounting records maintenance.

  12. Dey Deshmukh Nevin & Associates LLP Cost Accountants Any Query Give us Chance to Serve You You Ashish Dey B.Com(H), ACMA,CMA(USA),DIFRS CEO & Partner HO : J-85, Sriniwaspuri, New Delhi-110065, India : info@costauditors.co.in / ashish@costauditors.co.in : +91-8010739043/9910239043,+91-11-26843258

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