Monday, November 9, 2009

Actuarial Valuation Consultant in Delhi ,Gurgaon, Noida, Faridabad, Ghaziabad

Actuarial Services are Provided by us for compliance of :-
(i) Accounting Standard (AS) 15 (revised 2005)
Employee Benefits
Issued by The Institute of Chartered Accountants of India

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(ii) Companies Accounting Standard (AS) 15
Employee Benefits

Notified by the Ministry of Company Affairs on 07.12.2006
Under the companies (Accounting Standards) Rules, 2006

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1. We provide Actuarial Consultancy for compliance of the above Accounting Standards in respect of Employee Benefits. Most Common Employee Benefits in the Indian Context where Actuarial Inputs are needed are:



  • Actuarial valuation of Gratuity Plans.
  • Actuarial valuation of Leave Encashment Plans.
  • Actuarial valuation of Defined Benefit Pension Plans.
  • Actuarial valuation of Post Retirement Medical Benefit Plans.
  • Actuarial valuation of Settlement Allowances on Retirement.
  • Actuarial valuation of Long Service Award Plans/Incentive Plans.
  • Actuarial valuation of Interest Rate Guarantee for Exempted Provident Funds.
  • Actuarial valuation of any other Defined Benefits not covered above.
  • 2. Most Common terms we are confronted with in Actuarial Reports in compliance of the above Accounting Standards are :

    · Present Value of Obligation at the Beginning of the Period
    · Interest Cost
    · Past Service Cost
    · Current Service Cost
    · Curtailment Cost
    · Settlement Cost
    · Actuarial (Gain) / Loss on Obligations
    · Actuarial (Gain) / Loss on Plan Assets
    · Present Value of Obligation at the end of the period
    · Fair Value of Plan Assets at the beginning of the period
    · Funded Status
    · Expenses Recognized in the statement of Profit & Loss
    · Experience adjustment on plan Liabilities - (Loss)/Gain
    · Experience adjustment on plan Assets - (Loss)/Gain
    · Projected Unit Credit Method
    · Demographic Assumptions
    · Financial Assumptions

    3. All Inputs - Employee Data, Plan Benefit Details, Assumptions for Investigation etc. etc. to be provided by Enterprises.

    4. Actuarial Valuation Results – The Actuary calculates the following as per provisions of AS 15 (Revised 2005), IndAS 19 & IAS 19 (Revised 2011)-IFRS for each applicable employee benefit scheme, which then to be disclosed in company’s Annual Accounts:

    · A liability in respect of the benefits in company’s balance sheet.
    · An expense in respect of the benefits in company’s P&L account.

    5. Proforma specially designed specific to the Plan & the Enterprise is to be filled in by the enterprise. (It will be supplied as and when asked for)

    6. We have a long experience in the field of Actuarial Science. We are providing Actuarial Consultancy for more than a decade. The profile of our clientele consists of:

    Public Sector Companies,
    Multinational Companies,
    Medium & Small Companies including SMCs,
    Hospitals, Educational Institutions,
    Banks, Electricity Companies,
    Laboratories etc. etc.

    7. We also provide our services for compliance of IndAS 19 & IAS 19 (Revised 2011)-IFRS

    8. Terms and Conditions Apply

    9. For more details you can contact us on the following address:

    M. L. SODHI (Consulting Actuary)
    Fellow of the Institute of Actuaries of India

    610, SHAHPURI’S TIRATH SINGH TOWER,
    C-58, COMMUNITY CENTRE,
    JANAK PURI, NEW DELHI – 110058
    Phone No.  : 011-45502548
    Mobile No. : 9312723424


    For immediate reference 
    contact at following numbers : 9211637063, 9212381304

    E-mail: mlsodhi@yahoo.co.in; mlsodhiactuary@gmail.com




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    5 comments:

    1. Hi we are about 2 year old company and having staff strength of about 9 people. please guide for charges for gratuity valuation with time needed to complete project.

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    2. Please send mail on cagautam3@gmail.com

      ReplyDelete
    3. Unlock the power of financial insights with Mithras Consultants' Actuarial Valuation expertise.

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    4. Mithras Consultants specializes in Gratuity Valuation, offering precise insights to guide your financial decisions.

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