- OPERATIONAL FINANCE SERVICES
- FINANCIAL MANAGEMENT CONSULTANCY
- FINANCIAL RESTRUCTURING
- TAX AND STATUTORY ADVISORY SERVICES
- FINANCIAL RISK MANAGEMENT SERVICES
- PROJECT FINANCING and DEBT RESTRUCTURING
We have the operational financial management capability and expertise in FIMER to ensure that our clients are highly satisfied with our approach and the outcomes. Main services we provide are,
- Design and implementation of accounting systems
- Maintenance of financial accounts
- Re-conciliation of accounts
- Asset management
- Management Accounting
- Design and development of costing systems
- Financial re-structuring
- Capital budgeting and financial appraisal
- Development of internal audit systems and their implementation
- Computerized financial management system
- Financial statistical information system
- Wages and payoff accounting
- Foreign exchange risk management
- Financial advisory with respect to risk management
- Financial management and financial monitoring of the business
FIMER has the capability to take assignments from reviewing an organization’s financial planning structure and processes through to providing on-site interim financial expertise on a day to day basis. Main services we provide are,
- Financial forecasting and planning
- Business planning – constructing plans and critically reviewing existing plans
- Financial due diligence
- Treasury management
- Financial controls and systems development
- Development of business cases
- Drafting and agreeing financial internal procedures
- Design, develop and Evaluate Business Plans
The restructuring experts at FIMER help management stabilize finances and operations to reassure all parties-in-interest that proactive steps are being taken to enhance value. Our deep expertise across many industries allows us to quickly ascertain the key issues and to react immediately on behalf of our clients. For clients in crisis, the team develops liquidity forecasts, improves cash flow management, obtains additional financing, negotiates loan covenant waivers and guides complex debt restructuring. Main services we provide are,
- Turnaround strategy development and execution
- Financial modeling
- Negotiations with related parties
- Contingency plans
- Bankruptcy related guidance
FIMER offers Statutory Accounting and Bookkeeping Compliance &Tax Advisory services, our team is well-versed with the requirements of the Turkish Statutory and Tax regulations as well as other international GAAPs including but limited to IFRS, US GAAP.
We offer a wide range of accounting and financial reporting services, including:
Accounting:
- Regularization of books of accounts for past periods
- Record day to day accounting transactions as required under Turkish GAAP
- Manage accounts payable and accounts receivable function
- Record fixed assets and prepare depreciation schedules
- Record month-end accruals and manage the closure process
- Prepare bank reconciliation and inter- company reconciliation statements
- Prepare annual financial statements as per Turkish GAAP
- Liaise with auditors for timely completion of an audit
Management Accounting:
- Prepare customised monthly/quarterly/annual MIS reports
- Review of annual financial statements
- Operational and finance support
- Support in preparation of business plan
- Support in compilation of annual budgets and periodic updates
- Support in cash flow monitoring
- Support in CMA data preparation and review
- Support in preparation of future cash flow forecasts
- Support in valuation activities for further issue of capital
- Support in accounting and finance recruitments (limited to shortlisting of candidates)
Company Secretarial Compliances:
- Preparation of share certificates and common seal
- Preparation and updating statutory registers
- Preparation of Board/Shareholder meeting minutes
- Preparation of Director’s report
- Preparation of documents for appointment/resignation of directors
- Preparation of documents for change in share capital
- Assist in filing for changes such as name, registered office address, main objectives, etc.
- Preparation and filing of annual and other statutory returns
Payroll Processing:
- Assist with payroll processing
- Prepare pay slips
- Prepare customized payroll reports
- Prepare monthly bank transfer letters
- Assist with tax computation and other tax issues relating to payroll cycle
- Maintain leave records
- Assist with statutory compliances with various applicable laws such as income tax, profession tax, provident fund, etc.
- Provide personal employee support services that enable resolving employee queries
- Provide helpdesk for employees
- Assistance in calculating and filing expat tax
Direct Tax:
- Assist with tax compliance
- Assist with advance tax working
- Prepare tax returns
- Assist with application for lower withholding certificates
- Assist with tax assessments
- Assist with other regulatory compliances
- Assist with advance rulings
- Transfer Pricing
Indirect Tax:
- Assist with Service Tax, VAT, Tax compliances
- Assist with preparation of returns
- Procure statutory forms from the tax authorities such as BA/BS
- Review required registers and records
- Assist with drafting of responses to preliminary queries from the tax department
- Assist with tax assessments
- Assist with other regulatory compliances
- Impact assessment and suggesting the way forward for GST
Risk is a natural derivative of all business activities. FIMER aims to help clients in controlling and managing risk levels to improve financial performance. Our risk management services are
- Credit risk measurement and management
- Market and liquidity risks
- Economic capital management
- Capital adequacy & regulatory services
- Actuarial services & financial statement support
- Financial instruments accounting
- Insurance risk assessment
Debt restructuring practice of FIMER includes acting as a debt restructuring advisor to the debtors as well as the lenders, providing advice on fresh money raising, establishing negotiation plans and strategies with the lenders, advising on complex financial structures such as securitization. Main services we provide are,
- Strategic Planning and Execution of Debt Restructuring
- Negotiations with creditors
- Liasing with Banks and other Financial Solutions
- Arranging Alternative Finance Solutions
FIMER engages in structuring and packaging the transactions whereby both capital goods and working capital financing is required. The Company utilizes mixture of financing tools depending on the availability of sources and project specifications. The financing terms varies depending on the projects ‘feasibility, industry, economic and other technical specifications. Main services we provide are,
- Helping the developer assess the credibility of a project
- Assessing financial, economical, technical and legal feasibilities
- Developing financial models, establishing contacts with and presenting projects to financing parties
- Structuring the financing, negotiations and execution