Southgate Ventures Pte Ltd serves as an investment holding company, holding various international schools in Indonesia, Myanmar, India and South Korea to provide affordable education modelled after Singapore curriculum with classes offered from preschool up to pre-university. The aim of the Founder, Jaspal Sidhu, is to provide high quality, affordable education for local populations in countries where it chooses to operate schools.
Mohan and his team took time to get to know me and my business well. Their quality, competitive pricing, attentiveness to client’s needs are definitely their plus points. Not only do they uphold the highest of governance standards, they also come up with solutions to ensure we are able to overcome challenges faced.
Group Managing Director, Southgate Ventures Pte Ltd
We have been a client of S C Mohan PAC for several years now. The high standards and professionalism has allowed us, year after year, to consolidate our Group’s accounts under tight timelines to the high standards expected of our international investors and strategic partners, including the International Finance Corporation (World Bank). Also as the Chair of the Singapore Chamber of Commerce in Indonesia, I have and continue to recommend this firm to our corporate members and those in my business network who are looking to grow their business as well as set up proper accounting systems for their companies.
Founder and Chairman, Southgate Ventures Pte Ltd
With the sudden demise of its Finance Director and inability to find a suitable replacement in short order, Southgate faced a number of challenges when it came to consolidating the financials of the schools and ultimately of the holding company for auditing purposes.
The task was made even more complicated due to the vast geographical areas of school locations, the need to coordinate with different auditors, accounting required for complex acquisition and intercompany transactions etc.
Southgate engaged S C Mohan PAC’s chartered accountants team to perform the audits on group consolidation and to coordinate with different parties including a visit to the Jakarta auditor’s office to reconcile intercompany balances, to provide advice on loan arrangements, assist on business combination matters with subsidiaries and assist with Group auditor’s queries. The team provided a number of suggestions, met management frequently and followed up on queries closely with various parties to complete the assignment within the management time frame.
S C Mohan PAC’s team are professional, well qualified accountants with sound knowledge, friendly and supportive at every step of the way.
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