Audit Apply Compliance Suite

The Company Law Calculator checks all major statutory thresholds under the Companies Act 2013, including: CSR applicability (Section 135), Internal Audit mandatory (Section 138), CARO 2020 applicability, Statutory Auditor rotation (Section 139), Small Company / One Person Company (OPC) classification, Board Meeting frequency requirements, Women Director mandatory appointment, Independent Director threshold, XBRL filing requirement, Secretarial Audit (Section 204), Cost Audit (Section 148), and more — all updated for FY 2025–26.

CSR is mandatory under Section 135 if your company, in the immediately preceding financial year, has: Net Worth ≥ ₹500 Crore, OR Turnover ≥ ₹1,000 Crore, OR Net Profit ≥ ₹5 Crore. If applicable, the company must spend at least 2% of the average net profit of the immediately preceding three financial years on CSR activities and constitute a CSR Committee.

CARO 2020 does not apply to a Private Limited company if it satisfies all of these conditions: (1) Paid-up share capital ≤ ₹1 Crore, (2) Turnover ≤ ₹10 Crore, (3) Aggregate outstanding borrowings from banks/financial institutions ≤ ₹1 Crore at any point during the financial year, (4) No outstanding debentures, and (5) No outstanding public deposits. If any one condition is breached, CARO 2020 becomes applicable.

Internal Audit under Section 138 is mandatory for: Every Listed company, Every Unlisted Public company with paid-up share capital ≥ ₹10 Crore OR turnover ≥ ₹100 Crore OR outstanding loans/borrowings from banks/PFIs ≥ ₹25 Crore at any point, and Every Private Limited company with turnover ≥ ₹200 Crore OR outstanding loans/borrowings ≥ ₹100 Crore at any point.

Yes. After entering your company profile and financials through the 3-step wizard, the tool generates a detailed Company Law Compliance Report showing which provisions are Applicable, Not Applicable, and Conditionally Applicable — with statutory references. You can then print or save this as a PDF for client files or Board presentations.

The tool calculates 25+ ratios across 5 categories: Liquidity (Current Ratio, Quick Ratio, Cash Ratio), Profitability (Gross Profit Margin, Net Profit Margin, EBITDA Margin, ROE, ROA, ROCE), Solvency/Leverage (Debt-to-Equity, Interest Coverage, DSCR), Efficiency/Activity (Inventory Turnover, Receivables Turnover, Asset Turnover, Working Capital Turnover), and Valuation (EPS). All ratios follow Indian GAAP under Schedule III Division I of the Companies Act 2013.

Yes. Switch to CY vs PY Comparison mode to enter both current year and previous year financial figures. The tool shows ratios for both years side-by-side and highlights significant changes — ideal for statutory audit working papers, management reports, and bank loan assessments (CMA data).

A Current Ratio between 1.5 and 2.0 is generally considered healthy for Indian manufacturing and trading companies. A ratio below 1.0 indicates the company may struggle to meet short-term obligations (liquidity risk). Ratio benchmarks vary by industry — capital-intensive sectors like steel or cement may operate at lower ratios, while FMCG companies tend to maintain higher ratios.

DSCR (Debt Service Coverage Ratio) measures a company's ability to service its debt (principal + interest) from its operating cash flows. It is calculated as Net Operating Income ÷ Total Debt Service. Banks require a minimum DSCR of 1.25 to 1.5x for term loan sanction and renewal. A DSCR below 1.0 means the company cannot cover its debt payments from operating income — a red flag in credit audits and stock audit reports.

Yes. You can upload a Balance Sheet / P&L PDF, Excel (.xlsx/.xls), or CSV file. The tool will attempt to extract and auto-fill the standardized financial figures (Current Assets, Current Liabilities, Revenue, EBITDA, etc.) using keyword-based extraction. You can then review and adjust before generating the ratio report. An Excel template is also available for download if you prefer to fill figures directly.

The Draft Auditor supports comparison of PDF files (text extraction and line-by-line diff), Word/DOCX files (paragraph-level additions and deletions highlighted in red and green), and Excel/XLSX files (cell-level changes across all sheets). Simply upload the original document (Draft A) and the revised document (Draft B) — the tool instantly shows you what changed.

Absolutely. The Draft Auditor is purpose-built for CA workflows. Use it to: compare a draft audit report sent to the client vs the revised version returned, identify paragraph changes in Directors' Reports or Auditor's Reports between years, compare financial statement schedules in Excel between draft and final, or verify that no unauthorized changes were made to a signed document.

No. All comparison happens 100% inside your browser. Your documents are never uploaded to any server, never stored, and never leave your device. This makes the Draft Auditor completely safe for confidential client documents, audit reports, and financial statements.

Yes. For Excel files, the diff view displays sheet tabs at the top. Click each sheet tab to view the cell-by-cell changes for that specific worksheet. Cells that were added, deleted, or modified are highlighted distinctly, making it easy to audit schedule-level changes in multi-sheet financial workbooks.

PDF comparison uses text extraction from the PDF — it works best on digitally-created PDFs (e.g., PDFs exported from Word, Tally, or Excel). Scanned image-based PDFs have limited text extraction and may not produce accurate diffs. For scanned documents, we recommend converting to Word/DOCX using an OCR tool first, then comparing the DOCX files using the Draft Auditor.

The Bank Statement Processor supports PDF statements from SBI (including WhatsApp-shared PDFs), HDFC Bank, Kotak Mahindra Bank, ICICI Bank, and Axis Bank. It also supports Excel-format statements (.xlsx/.xls) from any bank. The parser extracts transaction date, narration/description, debit amount, credit amount, and running balance for every transaction.

Your bank statement is processed 100% locally inside your browser using PDF.js and JavaScript. No data is ever uploaded, transmitted, or stored on any external server. The file never leaves your device. This ensures complete privacy and security — making it safe for auditors and accountants handling sensitive client financial data.

After parsing, you can export the structured transaction data as: Excel (.xlsx) for import into Tally, Busy, or other accounting software, or CSV for import into any spreadsheet application. The MCS Software format option also generates entries with MCS-specific narration codes (CW, INTEBA, CD, SUSP) for direct import into MCS accounting software.

CAs and auditors frequently need to import bank statements into accounting software for reconciliation and analysis. The Bank Statement Processor eliminates hours of manual data entry by automatically extracting all transactions from a bank PDF. It is particularly useful for: Stock audit (verifying credits against debtors), Bank audit (transaction verification), Tax audit (cross-referencing with books), and Scrutiny assessment preparation under Section 143(3) of the Income Tax Act.

Yes. SBI offers a WhatsApp-based bank statement service where customers can request a mini or full account statement via WhatsApp, which is received as a password-protected PDF. The Bank Statement Processor supports these SBI WhatsApp PDFs — simply enter the password when prompted (if the PDF is password-protected) and the tool will parse all transactions correctly.