Wednesday, January 6, 2021
Changes in GST Input Tax Credit from 01-Jan-2021
Quarterly Return Monthly Payment (QRMP) in GST from 01-Jan-2021
Wednesday, December 30, 2020
ITR Due Dates Announced - 30-Dec-2020
ITRs for Non Audit Cases: 10-Jan-2021
Tax Audit Report (TAR) and Other Audits: 15-Jan-2021
ITRs for Audit Cases: 15-Feb-2021
Vivad Se Vishwas Scheme: 31-Jan-2021
GSTR-9/9C for FY 2019-20: 28-Feb-2021
Friday, November 20, 2020
Financial Due Diligence Checklist
GENERAL INFORMATION |
Business Presentation |
Description / details on the
following (if not covered in as much detail as part of Business Presentation
mentioned above): |
a. Detailed description of the
business model of the Company including business verticals of the past and
present and verticals that the Company plans to cater to in the near future
post investment. |
b. Revenue Streams (past, current and
future revenue streams, include description of all revenue streams to be
captured) |
c. Areas of Focus – Target Customer
types (include segmentation undertaken based on size, needs or other
criteria) |
d. Detailed description of the
product offerings provided, including breakup of margin % earned on each
product offered |
e. provide a list of all existing and
under development products and services & its versions, along-with
timelines. |
f. List of large / key customers
(cumulatively accounting for at least 50% of current revenues) and their
product usage patterns (over the past 12 months). If the Company is consumer
/ user based company, please provide details of user data (e.g. DAU, MAU, No
of registered users, CAC, user churn etc) |
g. List of Key Vendors and Partners
and a brief on transactions with these parties |
h. List of Competitors in India and
globally |
i. Description or copy of company's
purchasing policy, credit policy |
j. All surveys and market research
reports, done by the company (For E.g. Weblinks of articles and press
releases etc) |
k. Key areas that the Company faces
challenges in when running and growing the business and the action plan to
address these. |
|
BASIC REGISTRATION/OTHER SPECIFIC
DOCUMENTS |
Certificate of Incorporation, MOA and
AOA. |
Copy of PAN, TAN, Registration
Certificates of VAT, Service Tax, GST, Excise, PF, ESIC, PT, Shop and
Establishments for all premises used, IEC code, and any other registration
certificate as applicable to the company |
Descriptive list of all significant
acquisitions, restructurings, reorganizations, spin-offs and other transactions
(intercompany or otherwise) not in the ordinary course of business which have
occurred in the Company history. |
Copies of any letter rulings,
non-privileged tax opinions obtained for all such transactions. |
|
FINANCIAL STATEMENTS/REPORTS &
MIS INFORMATION |
Signed Audited Financial statements
along with, annexures, notes to accounts, trial balance, audit reports, CARO
report, cash flow statements and any other report that forms part of the
annual financial statements for Target Company for the Historical Period
(from Inception till last financial year for which audit has been completed). |
Unaudited financials for that part of
the Historical period where audit is not complete. |
Accounting Data for the Historical
Period that matches the audited and unaudited financials as provided above.
(Tally Backup / Quickbooks login / Xero.com Login or any other accounting
software used for the historical period) |
Internal Audit Reports (if any) |
Management letters issued by the
auditors during the historical period |
Transfer Pricing - Provide copy of
Form 3CEB filed, Transfer Pricing Study Report, Inter-Company agreements, Arm’s
Length Pricing workings, if any. |
MIS prepared, key KPI's for the
Historical Period. (Customer Acquisition cost, Life Time Value, Product wise
bifurcation, No of bookings and customers, Average cost etc). Where for any
reason MIS and financial accounting data do not match, please provide
reconciliation statements. |
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