Sugar & Agro Industries
Seasonal process costing, by-product accounting, cost audit and finance for sugar and agro processors.
Sugar mills and agro processors operate seasonally, depend on farm produce prices and generate significant by-products such as molasses, bagasse and press mud. Sugar is a regulated sector under the cost audit rules, and many units are co-operatives with their own audit requirements.
Typical requirements
Costing
- Season-wise process costing
- Joint and by-product cost allocation
- Cost of cane and procurement
Statutory
- Cost audit for sugar and industrial alcohol
- Audits under the Maharashtra Co-operative Societies Act, 1960 where applicable
Finance
- Working capital for off-season inventory
- Project finance for co-generation and distillery units
Relevant services
Cost Audit
Statutory cost audit under section 148 of the Companies Act, 2013 and the Companies (Cost Records and Audit) Rules, 2014.
Cost Record Maintenance
Design and maintenance of cost accounting records in Form CRA-1 for companies covered by Rule 3 of the Cost Records and Audit Rules.
Stock & Inventory Audit
Physical verification and valuation of inventory for management or for banks under working capital arrangements.
Co-operative Society Audit
Statutory audit of co-operative societies under the Maharashtra Co-operative Societies Act, 1960, and special or cost audits where ordered.
Project Finance
Project reports, CMA data and loan proposals for term loans and working capital limits.