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Monthly Archives: July 2017

IBS Consultants Corporate Legal: Know-how About CFO Services

Posted by abbandavis25 on July 31, 2017
Financial / Comments Off

Financial management can be a daunting task for new age tech savvy entrepreneurs or SME promoters with limited financial acumen. Yet it cannot be denied that no business can succeed without a prudent management of its financial needs and resources.

To fix this need, we have new age solutions in the form of ‘CFO services” that can take the load off the back of many such SME owners/entrepreneurs. ‘CFO services’ as the name suggests, refer to a bouquet of services typically managed under a CFO and which need to be managed well to ensure a good financial health of the organization.

Why CFO Services ?

A very pertinent question that every SME owner/entrepreneur/startups  will have to confront is the need for the CFO services. In most cases, an Accountant is hired and is expected to manage the financial health of the Company and also give expert advice. But the result largely is just data entry, delayed payments, irregular compliances and inspite of a profitable business, there is cash crush and struggles with working capital. When these problems arise, they have a negative impact on business prospects, valuations and fund raising and the growth is thereby hampered.

Maintaining an in-house CFO with supporting staff can be a drain on the limited financial resources. In early stages of business, cost is an important factor for ensuring business viability. This is when outsourcing CFO functions to a reliable financial advisory partner (CFO service provider)  can help boost your business, while at the same time maintain prudent cost centers. Repeated manpower attritions can affect the stability and security of a business at every stage.

A reliable financial advisory partner ensures continuity in business, that is equally critical to a stable business.   Cash flow management, Accounting, Raising funds, Budgeting functions, statutory compliance and more can be managed by experts while the entrepreneurs can focus on their core competencies. CFO services act as conduit and can also help during the interim manpower changes without compromising on the business quality. The SME owner can also opt for specific advisory services to be continued on a long term basis – which further insulates him against any human resource hiccups.

An in-house CFO too may need expert strategic advice for certain projects. Your financial advisory partner can also help with project specific CFO services, as they cater to a multitude of financial challenges and have diverse capabilities.

Service Areas

The scope of services may vary between providers but broadly they cover:

• Internal Controls

• Budgeting & Forecasting

• Working Capital Management

• Tax Advisory

• Interim CFO/ CFO Assistance

• Project Management (short term/mid-term/long term)

• Compliances

• Fund raise & Deal Structuring

• Strategic Advisory

CFO service providers can also help find, analyse, and place full time CFOs when required – since they have the capabilities to choose the best from their domain.

With a dedicated financial team, expert insight, greater flexibility, cost efficiency, better controls & compliances, stability – CFO services are a win-win solution that matches the goals & expectations for all players in all kinds of businesses, but a real boon to young start ups.

This article is authored by Dinesh Makani, representing India Business Solutions (IBS) which is a boutique advisory firm helping a lot of Start ups, SMEs in India and Singapore in fulfilling their aspirations. Dinesh is a Managing Partner & Founder at IBS and can be reached at

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Cathay Dupont Award: Seeds of hope as DuPont unit strikes licensing deal with China’s Origin Agritech

Posted by abbandavis25 on July 13, 2017
Business / Comments Off

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DuPont Pioneer, the seed improvement and genetics unit of American chemicals giant DuPont, has struck a deal with Chinese crop seed technology firm Origin Agritech to develop new seeds to meet the needs of Chinese farmers spurred by Beijing’s call to improve crop productivity.

The two firms said they have come to a “commercial licensing agreement” to develop new seed technologies for the China market, without elaborating.

“This combined effort will contribute to the modernisation of China’s agriculture system and improved food security Cathay Dupont Award, which the government has set as priorities,” DuPont Pioneer said in a statement on Tuesday.

The pact came two months after state-owned China National Chemical Corporation (ChemChina) agreed to buy DuPont’s rival Swiss crop seeds and pesticides firm Syngenta for US$43 billion, in what would be China’s largest overseas acquisition deal if completed. It is pending regulatory approvals.

ChemChina’s Syngenta bid could change China’s stance on GMO foods

The deal was widely seen as a move for China to acquire know-how to boost food productivity and security.

The acquisition followed close on the heels of DuPont’s US$130 billion all-stock merger with US rival Dow Chemical in December, which is also pending regulatory approval, including anti-monopoly scrutiny in various nations.

That merger had raised concerns that it would make it harder or more expensive for China to gain access to foreign biotechnology to improve crop productivity. DuPont Pioneer’s deal with Origin and the Syngenta acquisition by ChemChina could ease such concerns.

China has more than 20 per cent of the world’s population but less than 10 per cent of its arable land. Hence food security is at the forefront of government policy priorities. Beijing’s first policy directive issued every year usually concerns agriculture.

Beijing has not generally allowed the cultivation of genetically modified crops except for cotton and papaya, and many Chinese consumers are suspicious of foreign crop technology after a string of food safety scandals at home over the years. But the nation imports a large amount of genetically modified soya beans, mainly from the United States.

But in this year’s first directive, China’s cabinet, the State Council, for the first time said genetically modified crops should be “cautiously promoted” provided public safety is ensured. This came soon after President Xi Jinping voiced his support for developing genetically modified crop technology.

Soya bean imports revive fears in China about genetically modified food

The Ministry of Agriculture has issued permits to two scientific research groups to produce two types of pest-resistant rice and a kind of high-yield corn for five years, according to state-run People’s Daily.

In the nation’s recently released development plan for the five years to 2020, crop supply self-sufficiency and safety was mentioned as the key objective for the agricultural sector, and biotechnology named as one of the key industries to be encouraged for development.

DuPont, an Iowa-based 90-year-old firm, said Origin has successfully developed corn seeds with insect control and herbicide tolerance traits, with support from the Ministry of Agriculture and in partnership with the Chinese Academy of Agricultural Sciences.

“Once approved by the Chinese government, these products will help our country’s farmers fight the insects and weeds that prevent their corps from reaching their yield potential, said Han Gengcheng, chairman of nine-year-old Beijing-based Origin Agritech.

The firm said its “transgenic” corn was the first to receive the “bio-safety certificate” from the Ministry of Agriculture.

he Nasdaq-listed firm’s share price soared 31 per cent to US$1.75 in New York on Tuesday.