XBRL SERVICES

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As per Ministry of Corporate Affairs’ General Circular No: 37/2011 dated 07.06.2011 (i) all listed companies and their Indian subsidiaries, (ii) all companies having a paid up capital of Rs 5 Crore or more, and (iii) all companies having a turnover of Rs 100 Crore or above are mandated for compulsory XBRL filing. However banking companies, insurance companies, power companies and non-banking finance companies are exempted from XBRL filing till further orders.

XBRL stands for eXtensible Business Reporting Language and is an open, international standard for the exchange of financial and non-financial information in digital form. The computer-based language enables the electronic communication of structured business data by providing a machine-readable tag.

XBRL benefits

Greater accuracy: XBRL makes the analysis and exchange of corporate financial information more reliable because your computer application accesses data directly.

Reusing data: XBRL-tagged reports allow organisations to share and reuse data in business reports more easily, both internally and with other organisations.

Better data management: The XBRL framework gives you the power to systematically manage and check data. Information can be monitored in real time, enhancing validation.
Easier document reading: XBRL taxonomies can enable your computer to read any document. If you only speak Chinese or French, you can collect and reassemble data from documents written in Finnish or Welsh if they are XBRL-tagged.

SERVICES PROVIDED BY US:

  • Mapping up financial statements with XBRL tags.
  • Validation for tags and appropriate calculations.
  • Creation of XBRL instance document in XML format for e filling
    Creation of extended taxonomy as necessary.
  • Provision of a highlight report to facilitate review and provide concurrence on:
    Tagging decisions that require concurrence.
    Labels added that require concurrence.
  • Rendering of XBRL instance document in readable form.
  • E-fiiling XBRL data with respective Regulatory Authorities viz MCA, SEBI, Stock Exchanges, RBI, Mutual Fund Associations etc.