Solar Panels

• Reported discrepancies in Price Protection (PP) and Special Pricing Agreement (SPA) discounts offered to distributors, which were not aligned with agreed terms due to manual computation.

• Highlighted elevated credit risk arising from significant exposure to a single customer.

• Identified the absence of back-to-back warranty arrangements with vendors for modules and cells supplied to customers.

Textiles

• Monitored and reported gaps in attendance management of workers, leading to process improvements and strengthened internal control over manpower costs.

• Reviewed utilization of worker pick-up vans with cost analysis and initiated area-wise tracking of transportation, resulting in improved visibility and cost control.

Dairy Products

• Reported lapses in the engagement of transporters for procurement of raw materials and dispatch of finished goods, highlighting the impact of higher fixed costs on the company.

• Identified internal control weaknesses in milk packaging processes with reference to compliance under the Weighment and Measurement Act.

Paper and Board

• Reviewed contract terms relating to the supply of defined quantities of by-products to job workers and reported non-adherence, which led to procurement from alternate sources at higher costs while fixed costs continued for limited supply.

Foundry

• Monitored gaps in attendance and overtime management of contract labour, leading to process changes that enhanced internal controls and delivered cost savings.

Hospitality

• Reported variances in services extended to corporate customers against agreed terms due to manual monitoring practices.

• Identified system configuration gaps in GST rates applied to room tariffs.