Client Service Profile ASBS & Co. Chartered Accountants Private and Confidential www.asbsca.in
Client Service Profile
ASBS & Co.
Chartered Accountants
Private and Confidential
www.asbsca.in
2
Index
a. About ASBS & Co.
b. WE over the years..
c. Innovation Funnel
d. Clientele
e. Synergy with PC Jain & co.
f. Disadvantage
g. Assignment with the Banks-NBFCs, HFCs
h. ASBS Partners’ Profile
i. Three Level Control Check Points
j. Internal Teams Best Practices
k. Reason to be your Work Partner
l. Acknowledged for
m. Contact us
3
Vision:
We have a vision to be a thought leader and service provider of choice for financial services clients seeking
comprehensive, ultra-modern risk management solutions.
We offer a complete
range of risk
management consulting
and analytical solutions
to Banks, Financial
Institutions, Corporates
and MSME clients
Founded by risk
management
professionals in
February 2013, with 3
Partners each having
10+ years of
professional experience
We are present in
Mumbai and Hyderabad
and our coverage t o
other Locations includes
entire Maharashtra, MP,
Delhi, Chennai,
Bengluru, Raipur, Bhilai,
Jaipur, Jodhpur, Udaipur
and Kota through local
CA firms tie-ups
Appreciated by the
clients for value addition
and cost benefit
About Us
1 2 3 4
Strength:
We have 2 Partners each having more than 12 year+ experience along with 4 CAs, 15 CA Finalists and Para
professionals with 100 plus adequately qualified, trained and groomed staff in Banking and Corporate environment.
*Our team is working efficiently in both Day and Night shift.
Have reached top 1000 CA firms in 5
years..(Top 2.5% of the Population)
Targeting to be among those at the
Pinnacle in next 3 years..
Recognized as a STRATEGIC
PARTNER by Executive Director.
Ground-breaking
We acquired “P.C Jain &
Co”, a 52 year experienced
firm, having presence in all
the major metropolitans.
Strategic Approach –
Synergic Moment.
Seeding out of a team
containing 2 people, we now
had 65 resources.
Stepping Stone..
With Courage, Vision,
Focus ASBS & co. was
Established..
Baby Steps...
2018
2017
2015 2013
WE over the years…..
Innovation Funnel
Research
Team
Process
Team Training Execution
• Market
Scanning.
• Eligibility &
Expectation
.
• Understandi
ng through
Trail-Runs
and
Professional
Skills.
• Value-
Addition
• Grooming to
personnel.
• Client
Relationship
Input Output
• Quality
• TAT
Are the Key
Deliverables
6
Areas of Work &
Clientele
Banks NBFC / HFC /
FI
Telecommunication
Engineering
Supply Chain Management
Direct Taxation
Indirect Taxation
ROC Work
MSME
Media
Clientele
7
P.C Jain & Co., Chartered Accountant Firm in existence from past 52 years ,
where we all together are able to create Synergy with respect to various
resources, viz ;
Synergy with P.C Jain & Co, Chartered
Accountants.
W.r.t to Area Coverage;Having Registered office at Mumbai, and branch offices at Bhopal , Indore, Pune, Ahmedabad.
W.r.t to Blend of Expertise & Experience evolved over last 52 years and Various Corporate Clientele base.
Team of enthusiastic 7 CA Partners, and Para Professional team of 80 people.
Common partners of ASBS & P.C Jain
8
Just Completed 5 Years
BUT
DIS-ADVANTAGE
Young Chartered Accountant's
Dynamic & Pro-Knowledge Team
Gave 4500 + Cr Benefit and completed 100 + Projects
Consultative Approach along with Solution Providing Attitude
Tight Communication (Internally & Externally)
Clientele Feedback
Weekly Review & Improvisation
9
Trade Finance:
Process and Format Standardization
Benchmarking with best processes
Effective Risk control Matrix
Effective Maker-Checker /Scrutinizer concept establishment
Revenue Leakage Identification and control recommendation
Letter of Credit
Bank Guarantee
Buyer’s Credit
Bills Discounting etc.
Home Loan/LAP
Loan Against
Security/Gold
Auto/CV/CE/Tractor
Loan/Agri Loan
Personal/Consumer
Finance etc.
Expert Area’s: Trade Finance and Retail Assets
Trade Finance:
Retail Assets:
Priority Sector Lending Identification(PSL Audit)
Process Enhancement and Gap Analysis
Weaker Section identification
Yield Analysis, Value Addition
DSA Payout, Vendor Audit
Benchmarking with best processes
Effective Risk control Matrix
Revenue Leakage Identification and Control recommendation
Retail Assets:
10
Assignment with Large Pvt. Sector Banks, NBFCs and HFCs
Agriculture Loan & Retail Assets portfolio;
Gap Analysis
Compliance with RBI
Compliance with Internal Policy
Revenue Leakage.
IRR Analysis
Identification of Junk & Reluctant Data
Consolidation & Cleansing activity of Product Wise & Scheme Wise.
TAT Analysis.
Credit Quality Analysis.
Delinquent cases analysis for Departmental Accountability.
Disbursement Checklist – Quality & TAT Analysis.
Operational Activity & TAT Analysis
Consultancy
Services &
Portfolio
Analysis
Departmental
Review
11
CMA (Credit Monitoring Activity)
Agriculture Loan: Weaker section – identification for existing portfolio –
Since March 2015
Agriculture Loan – PSL monthly Audit - Since Nov 2015
Agriculture Loan – CIBIL - identification for errors generated through
system - Since Aug 2015
Crop Insurance Data Capturing and analysis - Since April 2016
Form 60 Verification – Since March 2016
Assignment with Large Pvt. Sector Banks, NBFCs and HFCs
De-duplication checking - Since Sept 2013
Personal Discussion with clients(Credit Manager function) for Home
Loan, LAP & Business Loans.
DSA pay out audit (For all retail products) - Since Feb 2015
Collection pay-out and portfolio analysis – Since April 2016
PSL identification and classification (Home Loan) - Since Dec 2013
Form 60 Verification – Since March 2016
Agri-Related
Activities
Retail
12
Assignment with Large Pvt. Sector Banks, NBFCs and HFCs
Operational Risk Management
Preparation of Collection Pay-out Manual
Accounting Manual - (Of Top Private Banking Company)
Operational Manual – (Of Financial Institution)
Prepared Risk Control Matrix, Process Chart for complete cycle of Home
Loan starting from DSA initiation, Pre and post sanction to Pre and Post
disbursement of the loan till Repayment of loan, also including activities
performed by third party agency like, Legal valuation, FI etc. For Financial
Institution)
Unit Inspection for MSME clients.
Collateral Inspection for MSME clients.
Stock Audits/ Working capital Audits - Since June 2013
Operation &
Process Notes
Corporate
Banking (Incl.
MSME)
13
Assignment with Large Pvt. Sector Banks, NBFCs and HFCs
TCC (Travel Currency Card) - Dedupe
Forex and FFMC Audit
Multi Currency Travel Card Audits.(Per se RBI & FEMA Compliance)
Due Diligence of Retail Portfolio Buy-outs
Treasury & Due
Deligence
Certification work :- Infra bond issue certificate (Rs. 5700 crore)
Certification work :- Credit Card scheme (Top Spenders’ certificate )etc.
Recon with Business Correspondence for Micro Loans
General Ledger Reconciliation – for Commodity Products.
MFI Reconciliation & Certification
Death Insurance Certificate
MDR Certificate
Educational Loan Certificate
IFMR Certificate
Staff Loan Certificate
Death Insurance Certificate.. & many more
Certification
Work
14
Assignment with Large Pvt. Sector Banks, NBFCs and HFCs
Home Loan: cleaning of data for upload in Software. – Pragati Software
EDC Machine: Maker Entry Process(Data Capturing and Validation) –
Mos, Atos
Data Cleansing
activity
IFMR Audit
Process Enhancement for Retail Banking, Operation Manual.
Risk Control Matrix preparation, RSA, Flow chart, Vendor Audit
NRI Accounts and KYC Validation
Portfolio analysis and value addition
NEFT / RTGS weekly audit.
Final Sale Deed Verification.
Project Basis
15
Partner’s Profile - CA Ankush Jain (FCA, B. Com)
A Chartered Accountant with more than 10 years of experience mostly in the Banking Domain, in the areas of Risk
consultancy especially in Operational Risk, Statutory Audits, Internal Audits, Tax Audits, Certification etc.
Worked with Big 4 CA firms(Ernst & Young and Deloitte) for 5 years in Statutory Audit department and audited Large
private sector Banks, NBFC’s and HFC’s like Axis Bank, ICICI Bank, ICICI HFC, Antwerp Diamond Bank, Mizuho
Corporate Bank, ALD Automobile Private Limited, Shriram Transport Financial Services Limited. etc. covering the
following areas:
Corporate Advance and Retail Advance, NPA provisioning including review of restructured accounts
Corporate Advance (including Trade finance)(Detailed Top 200 customer analysis)
Retail Advance: detailed processes of all products and revenue analysis on various parameter covering all GL line items
Handled Merger of BOR with ICICI Bank
Basel II - CAPAD(Regulatory capital, credit risk and operational risk)
Fee Income (Merchant Banking, Syndication and Arranger-ship fees ,etc.;)
Yield Analysis, Variance Analysis, Interest Income and Fee Income Analysis
Branch audits (More than 40 branches audited for Axis Bank and ICICI Bank)
Review of Concurrent auditors’ reports
ATM reconciliation, complete cycle verification of cards, dispute mechanism review.
LFAR (Long Form Audit Report)
Accounting Manual for ICICI Bank
16
Partner’s Profile - CA Ankush Jain (FCA, B. Com)
Acted as Global Risk Consultant and provided risk consultancy across the world and rendered services to Large
Banks based out of UAE, Sri Lanka, Kenya apart from Indian banking clients
Successfully implemented RSA(Risk Self Assessment) framework for NBAD(National Bank of Abu Dhabi), largest
bank of UAE as a Risk consulting assignment work from Aptivaa for 6 months on export service agreement.
Successfully implemented IT Software for operational risk for both measurement and management aspect in
NDB(National Development Bank) of Sri Lanka and KCB(Kenya Commercial Bank)
Handled responsibility of Product in-charge for operational and compliance risk as per Basel II guidelines.
Prepared Risk Control Matrix, Process Chart for complete cycle of Home Loan starting from DSA initiation, Pre and
post sanction to Pre and Post disbursement of the loan till Repayment of loan, also including activities performed by
third party agency like, Legal valuation, FI etc. for EHFL(Edelweiss Home Finance Limited)
Valuation and due diligence assignment for Credit card portfolio of Deutsche Bank through Indusind Bank
Evaluating internal control systems / procedures, preparing audit reports with a view to highlight the shortcomings
and implementing necessary recommendations
Actively involved in planning, understanding of business, entity level control, preparation of high quality deliverables
like Audit committee presentation, Audit strategy memorandum, Summery review memorandum etc.
Ensuring the completion of the assignment in accordance with the set budgets and timeline
Conducting reviews to ensure that audit work papers are in accordance with the audit programs and firm’s audit
methodology.
Conducting review of processes and testing of internal, operational and system controls, identification of means to
mitigate operational risk, compliance risk and financial risk
17
Responsible for entire Direct tax and Indirect tax practice of ASBS & Co.
Having an experience in Corporate Audit, Taxation and Financial Planning for more than 8 years
Executed Corporate Audits for Mid-size capital manufacturing entities and OTC listed Companies
Provided Taxation consultancy for NRI, HNI clients in India and Abroad
Handled various financial planning assignments with corporate clients for last eight years
Income tax matters i.e. income tax cases with ITO, CIT, CIT (A) and ITAT
Responsible for Company Law matters and ROC compliances
Partner’s Profile - CA Sushil Goyal (ACA, B. Com)
Three Levels of Control Check Points
Execution Level
check by Group
Leaders per se
Ground level
Quality
Median Level
Check by Team
Leader per se
Consolidation
along with Quality
& TAT
Deliverables
Final Level Check
by Partner
Review per se
Objective
Attainment and
Value Addition.
Internal Team Best Practices… Employee Grooming & Knowledge
Updation Session.
Daily To-Do, Work Done.
Weekly Time-sheet Review
Buddy Concept
Quarterly Appreciation Ceremony
On real time basis
Common dedicated
Whatsapp group is
created for eliminating
any gap in
communication, and
ensuring TAT.
Presence of;
Think Tank
Creative Team
H.R Team
Highest level of Integrity
and Professional
Alertness
Well-Qualified &
Experienced team
of Chartered
Accountant & CA
Semi-Qualified (CA
Finalist
Key Strength: - TAT
backed Qualitative
Deliverables.
.
Proficient in
Consultancy & Value
addition
Reasons to be your Work Partner
Expertise in
Banking Domain
Provided
Rs. 1800
Crore+
benefit on
B/s Level
through
identification
of weaker
section for
Agri Loan.
Identified
Rs. 1,250
Crores of
disqualified
portion out
of eligible
loan amount
under “Bond
Infra Issue
of Rs. 5700
Crore”
Process
enhancement
and speedy
calculation for
DSA Payout
for Retails
Asset
Products.
Process
enhanceme
nt for PSL –
HL to save
adverse
regulatory
remarks.
(Rs. 100
Crore +
Impact)
Gap /
Portfolio /
Credit
Analysis
Acknowledged for:
22
Thank you. Contact us...
To know more you may either visit us at www.asbsca.in
or may
simply get in touch with us
CA Ankush Jain (FCA, B. Com) (M): +91 99203 94302, (E): [email protected]