XBRL

XBRL Services

XBRL (eXtensible Business Reporting Language) is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It is one of a family of "XML" languages which is becoming a standard means of communicating information between businesses and regulatory agencies across different financial jurisdictions, languages and accounting standards.

It provides major advantages in the preparation, analysis and communication of business information, and offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data.

XBRL Services offered by Coromandel Infotech

Coromandel Infotech is proud to be offering the following XBRL services:

Mapping of Account Heads in Financial Statements to corresponding element in Taxonomy
Creation of Instance Document for Balance Sheet and Profit & Loss Account
Reviewing and Verifying the Instance Document
Validating the Instance Document
Pre-scrutiny of Validated Instance Document through the Tool

Coromandel Infotech has been listed as a Service Provider of XBRL to the Indian Corporate Community in the Ministry of Corporate Affairs (MCA).

The Companies that need to adhere to the new reporting benchmark as per the MCA mandate are:

All companies listed in India and their Indian subsidiaries;
All companies with a paid-up share capital of Rs. 5 crores and above;
All companies with a turnover of Rs. 100 crores and above.

The Documents that are required to be filed include:

Financial statements, including notes to the accounts
Auditor’s Report
Director’s Report

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