World’s Best Supplier of Manufacturing Technology Engages InCorp Services

Our client is the world’s best supplier of manufacturing technology and one of the most renowned machine tool brands in India. It is reputed for its new-age distribution, manufacturing expertise, and outstanding after-sales service. The client is a 100% subsidiary of the largest American machine tools distribution company.

The company was incorporated in 2008 and in just over a decade, the company has built its 9 Technical Centres, 250+ experts & experience in meeting more than 10,000+ requirements in India alone. Above that, the company has also successfully built a spectacular portfolio over the globe. The company has set up independent branches in the USA and Dubai.

The client is the supplier of CNC machines, Tools, Equipment & other Accessories. Its business segments also include the complete after-sale service, comprehensive maintenance contracts, technical and engineering support. The company also participates in government contracts and is an active supplier for various government agencies and public sector undertakings.

Presence: Mumbai – Corporate office, USA – Foreign branch, Dubai – Foreign branch, Bhiwadi, Pune, Ahmedabad, Noida, Ludhiana, Kolhapur, Nashik, Chennai.

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Industry Focus

Timeline

What services did the client engage InCorp for?

• Issue debentures to the parent company
• Cross Border Corporate Restructuring
• Corporate Valuation
• Transaction Advisory
• International Tax
• Transfer Pricing
• Tax Compliances
• Internal Audit & Tax Audit

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What was the client’s long-term vision?

• To capture global markets.
• To diversify and expand in terms of product innovation, machinery manufacturing, customer services and quality technical support.

How did InCorp turn the client’s Vision to Reality

Client’s Main Challenges	With InCorp
Complex compliance requirements	Provided annual tax compliance services and internal audits
Comprehending tedious GST filing processes	Professionally adhered to taxation compliances while filing
Managing Foriegn and Domestic Taxation under a single firm	Provided holistic tax filing services of business activities in India and abroad
Assistance in converting debentures	Issued fully and compulsorily convertible debentures to parent entity
Uncertain about tax implications	Assisted in corporate valuation and transfer pricing
Complicated business transaction	Minimized the risk for complex transaction related to income and international tax