Due diligence and valuation are two sides of the same file. Diligence says what the business is, after the adjustments. Valuation says what that is worth, under a stated method and a stated set of assumptions. N Avinash and Associates keeps both on one desk so a multiple is not applied to earnings that the tax or GST file will later take away.
Assignments cover buy-side and sell-side financial diligence, quality of earnings, and valuations for transactions, FEMA reporting, income-tax (including 56 / 50CA overlays where relevant), ESOP, family settlement and SME-IPO readiness. The method — DCF, CCM, NAV, or a combination — is stated; so are the discounts, the synergic claims that were not used, and the date of the valuation.
Scope of work
- Financial diligence: revenue cut-off, debtors, stock, contingent liabilities, related parties
- Quality-of-earnings bridge from reported profit to maintainable profit
- Tax, GST and ROC diligence overlays (or a defined handover to the tax-DD file)
- Valuation opinion under a documented approach, with source data and workings
- Net-debt, working-capital and completion-accounts notes for transaction documents
- Issues list with a suggested close-out, indemnity or price implication
- Board or promoter briefing; a version that counsel can annex
Scope is written before the data room opens. We do not raise a finding we cannot point to in a document, and we do not issue a value that cannot be reconciled to the diligence adjustments. Where a registered-valuer opinion is required under company law or IBC-adjacent work, that statutory boundary is respected and stated.
Hyderabad promoters, buyers and lenders use this engagement when the next meeting needs a number and a list of problems, not a CIM restated. Sell-side work for a Shaikpet or Gachibowli company is the same standard run in reverse: close the gaps before the other side’s CA finds them.