WHO ARE WE
Mithras Consultants is an independent actuarial and insurance consultancy firm providing qualitative financial and insurance solution to its clients. At Mithras, we take pride in providing detailed and clear actuarial solution.
REGULATORY COMPLIANCE ENSURED
Complete adherence to regulatory principles and professional guidelines is at the heart of each financial activity we carry at Mithras. Actuarial Services are best provided.
NEED BASED SOLUTIONS
Comprehensive communication with client to understand their financial situation and to be able to deliver actuarial solution tailored to the financial needs of the client.
GET A CALL BACK
Give us a call or drop by anytime, we endeavor to answer all enquiries within 24 hours on business days. We will be happy to answer your questions.
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GAAP(Generally Accepted Accounting Principles)
GAAP, or Generally Accepted Accounting Principles, are standards that cover the particulars, intricacies, and legal aspects of business and corporate accounting. Also The Financial Accounting Standards Board (FASB) bases its complete overview of approved accounting methods.
An Actuarial Valuation – Link is a comparison of a pension plan’s assets and liabilities performed by an actuary. We require Actuarial valuations to assess the long-term viability of a define benefit pension plan. We also provide services as Actuarial valuation of Gratuity also discuss the need of Actuarial Services.
Accounting Standard 15 Revised(AS15 R)
Accounting Standard 15 Revised(AS15 R) addresses all types of employee benefits, including
(i) short-term employee benefits such as wages; (ii) post-employment benefits such as gratuity; (iii) other long-term employee benefits such as sabbatical leave.
AS 15 was issued by ICAI and became effective for accounting periods beginning on or after April 1, 2006.
FMV is defined by the Internal Revenue Service as the premium a company will indeed sell for on the marketplace. “It is the price agreed upon between a supplier and a purchaser, with neither being obligated to act and both having a decent understanding of the system facts.” Best Actuarial Services provided By Mithras Consultants.
To uphold this standard, an ESOP executor has a fiduciary responsibility. We use Independent Valuation to calculate FMV.
We also provide services as Gratuity Provision , Gratuity Accounting Standard 15, ESOP and its Structure and also GAAP and its Fundamental Principles. Our goal is to provide business solution customized to client‘s need to help our clients make the best possible decisions on their financial, insurance and risk management programs. Our team has a combined experience of over 2 decades that spans into areas of Pricing ,Valuation, Investments, Risk Management etc in Insurance in general and actuarial in specific. It provides the deep study of ‘The Structuring Of ESOP‘.