Draft 1

The RAINMAKER

Theme: National Earth Day, 22nd April, 2017

The
Rainmaker

The
Rainmaker

In today’s business environment, change is the only constant. Companies
which do not align their business operations in line with the changing
processes often face the risk of becoming obsolete.

Businesses seek to diversify into new areas to increase their sales,
revisit their processes, shed off divisions which do not add much value
to concentrate on core competencies instead. All this calls for
restructuring.

With this thought in mind, the client approached MCA for realigning
their work processes and systems and sought advice on the
restructuring mode to be undertaken for the Company.
Challenging at first predominantly due to non-maintenance of separate
books for its energy and defence divisions, the team lead by Omar S M
and Devi Prasad was able to successfully identify the assets and
liabilities attributable to each division, set proper systems in place,
chalk out an organisational hierarchy, compare and analyse the possible
modes of restructuring, identify Slump Sale as the most suited option
and undertake all the measures in executing such option thus providing
a comprehensive solution to the client

The
Rainmaker

Always try and keep
your goals out of
reach; but never out of
sight

– Anita Defrantz

Payment to Non-Residents towards leasing of servers
with access & re-installing rights of OS-implies use of
equipment hence royalty, thus TDS. If the same was
without re-installing rights, it doesn’t lead to
royalty/TDS

KNOWLEDGE TID-BITS

The decision to allow 100 per cent FDI in defence marks a major push
to defence manufacturing under the 'Make in India' initiative. The
government has dropped the requirement for 'state of the art'
technology requirement to apply for FDI relaxation above 49 per
cent. This does not however mean automatic approval for defence
deals. Deals above 49 per cent still need government approval but
now deals not involving 'state of the art' technology can also opt the
route.

The
Rainmaker

RAINMAKER SKILL FOR THE MONTH

Planning Skill continues for the month

It is always said to 90% time on planning & 10% on
execution! A well-planned work is half done. World’s
best of the best plane will end up wandering around
if the pilot doesn’t have a defined vision or a plan.
Know where exactly to reach, before starting your
work. The most crucial part of planning is that, our
mind will open during the initial stages of assignment
to think all possible way out. If we keep ourselves
casual at this stage, beware! We my have to start it
all over again, most of the times.

So, Plan Well Perform Well

The
Rainmaker

BEST OF NAMMA MCA

“A Story that every start-up
entrepreneur should read”

It is picked as the best issue for the month
where the attitude of new entrepreneurs’ is
seen with a mythological perspective. It
emphasises on the fact that the direction of
organisation is way important than having a
great count of resources/funds. It clearly
establishes choosing a right mentor plays a
key role in reaching your goals

By Hemasundar

To read the story refer to Namma MCA dated 18th April 2017

The Rainmaker