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Cogs Competent Person
Gurugram, Haryana, India
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Asset Componentizations As Per Company Act 2013

Recently component accounting has become part of indian rules and regulations by taking place in companies act 2013 and in ind as. The component approach is already allowed under current as 10, paragraph 8.3. Under as 10, there seems to be a choice in this matter; however, the companies act, 2013 requires application of component accounting mandatorily when relevant and material.

Definition
as per note 4 schedule ii to the companies act, 2013 -useful life specified in part c of the schedule is for whole of the asset. Where cost of a part of the asset is significant to total cost of the asset and useful life of that part is different from the useful life of the remaining asset, useful life of that significant part shall be determined separately.

as per the amendment dated august 29, 2014 notified by the mca, the said requirement shall be voluntary in respect for the financial year commencing on or after the april 1, 2104 and mandatory for financial statements in respect of financial years commencing on or after april 1, 2015.

under component accounting, companies will need to identify and depreciate significant components with different useful lives separately.

the component approach is already allowed under current as 10, paragraph 8.3. Under as 10, there seems to be a choice in this matter; however, the schedule ii requires application of component accounting mandatorily when relevant and material.

determination of cost

the determination as to whether a part of an asset is significant requires a careful assessment of the facts and circumstances. This assessment would include at a minimum:

comparison of the cost allocated to the item to the total cost of the aggregated property, plant and equipment; and

consideration of potential impact of componentisation on the depreciation expense.
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Attestation Of Documents For GAIL Tenders.

The bidder shall furnish documentary evidence by way of
(i) certificate from chartered engineer
(ii) details of similar works services in past 07 (seven) years and certification from a chartered engineer
(iii) details of financial capability of the bidder duly certified by chartered accountant
work order, sor, completion certificate all notarized and duly certified by chartered engineer in proof of their meeting the criteria along with the bid to establish his experience and track-record for meeting bec.
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Competent Person Under Factories

We are providing services of carrying outs tests examinations, inspections and certifications for such dangerous machinery, lifts and hoists, lifting machines and lifting tackles, pressure plants, ventilation systemextraction system for dusts, vapours & fumes and process or plant & equipment used in the factories. We are also closely working with 10 state as a competent person (haryana, punjab, delhi, uttar pradesh, uttarakhand, himachal pradesh, madhya pradesh, rajasthan & chhattisgarh etc.) under factory act 1948 for sections, 21(2), 28, 29, 31 & 87.
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Valuation Services

rental valuation of immovable property and plant & machinery
plant & machinery valuation
land & building valuation
valuation for visa purpose
valuation for net worth & other aspects
vehicles valuation
scrap valuation
insurance valuation.
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Chartered Engineer Services

Certifications for followings business aspects, installation certificate, epcg license closure, second hand plant & machinery, cold chain projects, tool life, mega food park scheme and utilisation purpose.
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Third Party Inspection Services

Risk Inspection
Chartered Structure Engineer Services
Calibration of equipments
Stamping of weights
Ambient Air, Stack Emission & Ambient Noise Measurement & Certification
Insurance Survey & Loss Assessment
Energy Audit
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Testing Equipment

1- Competent Person under Factories Act:
We are providing services of carrying outs tests examinations, inspections and certifications for such dangerous machinery, lifts and hoists, lifting machines and lifting tackles, pressure plants, Ventilation SystemExtraction System for Dusts, Vapours & Fumes and process or plant & equipment used in the factories. We are also closely working with 10 State as a Competent Person (Haryana, Punjab, Delhi, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Madhya Pradesh, Rajasthan & Chhattisgarh etc.) under factory act 1948 for Sections, 21(2), 28, 29, 31 & 87.
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Load Testing Services

1- Competent Person under Factories Act:
We are providing services of carrying outs tests examinations, inspections and certifications for such dangerous machinery, lifts and hoists, lifting machines and lifting tackles, pressure plants, Ventilation SystemExtraction System for Dusts, Vapours & Fumes and process or plant & equipment used in the factories. We are also closely working with 10 State as a Competent Person (Haryana, Punjab, Delhi, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Madhya Pradesh, Rajasthan & Chhattisgarh etc.) under factory act 1948 for Sections, 21(2), 28, 29, 31 & 87.
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Solar Chartered Engineer Services

We have MNRE accredited Chartered Engineer for certification of Bill of Material (BOM) and reconciliation for Solar Power Projects.
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Documents Attestation Services

The bidder shall furnish documentary evidence by way of
(i) Certificate from Chartered Engineer
(ii) Details of Similar Works Services in past 07 (seven) years and certification from a Chartered Engineer
(iii) Details of Financial Capability of the bidder duly certified by Chartered Accountant
Work Order, SOR, Completion Certificate all Notarized and duly certified by Chartered Engineer in proof of their meeting the criteria along with the bid to establish his experience and track-record for meeting BEC.
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Allied Engineering Services

Risk Inspection
Chartered Structure Engineer Services
Calibration of equipments
Stamping of weights
Ambient Air, Stack Emission & Ambient Noise Measurement & Certification
Insurance Survey & Loss Assessment
Energy Audit
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  • R K Singh (Cogs Competent Person)
  • C-32, 3rd floor, Palam VyaparKendra, Palam Vihar, Gurugram-122017, HR, Haryana, India
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  • Call 08069182189 Ext. 712