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

Website: http://www.mlsodhiactuary.com/

Other Blog/Blogs: http://www.gratuityamount.blogspot.in/

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