1. Fund Accounting with Basiz -- where it makes sense
$12.6 billion AUA & 6,000+ reporting … and growing
Sesh A. V ACA
Managing Director
Basiz Fund Service Pvt. Ltd
6th Floor, Solaris 1, A wing
Opp L&T Gate No.6
Saki Vihar Road,
Andheri-East,
Mumbai - 400072, India
Mobile: +91 82860 08554 SAS 70
Email: sesha@basizfa.com “GLocal” in your time at your Type I
Honey Yee
Convenience Certified
Vice President Global Marketing Basiz fund service is a fund accounting service provider with International footprint, Head quartered
in Chennai and having offices in Mumbai, Coimbatore in India, besides Singapore, London, and
Basiz FA Services Singapore Pte Ltd New York. Basiz primarily focuses on servicing Hedge Funds, Private Equity/Venture Capital,
#21-00, 16 Collyer Quay Mutual Funds, Family Offices, Insurance Portfolios, and Managed Accounts. Our team has rich
Singapore 049318 experience of handling assignments relating to AUA over $ 12.6 Billion. Having crossed preparation
Tel: +65-6818 9130 of more than 6000+ financial statements and having completed 400+ NAV processes of divergent
Fax: +65-6818 9445 nature, with high level of complexities, our team is best suited to bring results on your table.
Email: sgmark@basizfa.com Basiz specializes in various accounting standards and instrument structures.
Basiz Fund Services is shareholder and operating partners of ODB Fund Services Ltd, the 2nd
Karthik Deep
fastest growing fund administratior in the US. The partner in this venture is PKF O’Connor Davies
Associate Vice President
the 10th largest CPA firm in the US. Powered with many decades of rich professional man years
Basiz Fund Service Pvt. Ltd of experience represented by 100+ professionals, Basiz is poised to grow to greater heights in
6th Floor, Solaris 1, A wing the domanin of fund accoutning as market leader.
Opp L&T Gate No.6
Saki Vihar Road, BASIZ - A Knowledgeable, Viable and Dependable back-office partner
Andheri-East,
• $12.6 billion Assets Under Administration
Mumbai - 400072, India
Mobile: +919880724733 • Basiz supports the top 6 banks globally in preparing Financial Statements.
+919004077920 • Basiz prepares Financials for about 5% of the Hedge Funds at a global level
Email: marketing@basizfa.com • Proven experience in running accounting and administration processes
• In depth knowledge of investment accounting covering various GAAP’s, International best
http://www.basizfa.com practices and technology integration are the USPs of Basiz
• Whole range of services in the Fund accounting space right from the time of trade execution
Thank You …… to the declaration of NAV and Financial Reporting
• Basiz has executed and administered 400+ NAV’s & 6000+ Financial Statements
• Pioneer in adopting SIPOC and PERT/CPM techniques in Fund accounting & Reporting
processes, and SAS 70 type I Certified.

2. Our Services For You... flexible solutions for
your fund needs
FINANCIAL STATEMENT PREPARATION PRIVATE EQUITY / VENTURE CAPITAL SERVICES
Our team handles this assignment right from the draft stage to sign • Deal entry
off. Basiz uses proprietary process using bespoke SIPOC/PERT/CRM • Recording capital commitments
technique for the fund Industry. • Working and monitoring out draw down schedules and call triggers
• Operating and monitoring of definitive agreements covenants,
Salient features of this service are collection of financial statements from the portfolios, MIS collection
Basiz prepares financials for about 5% of the Hedge funds at a global tabulating and creating board binders
level • Assist and coordinate board meetings
• Cumulative experience of 6,000+ statements covering IFRS, US • Claw back calculations, Waterfall calculations and IRR analysis
GAAP, Lux GAAP, Irish GAAP, Indian GAAP etc. • US Tax reporting mainly PFIC 1065 and K1 and coordinating any tax
• Proven model consulting and CPA review
• Basiz is SAS 70 Type I Certified • Bank reconciliations
• Experience in handling major audit firms • Financial statement preparation
• Unique PERT/CPM method to reduce turn around time. • Fund annual return computation and coordinate filings for Cayman
Funds
Obviously, this will leave your team free to concentrate on other high • Investor reporting periodically
value core functions. Thus, the audit closure time can shorten and the • Cash forecast for next quarter
overall cost can reduce. • Budgets, organization & syndication accruals
• Carry forward interest, management & performance fee computation
NAV ACCOUNTING • General ledger processing and review
Fund accounting is specialized segment of accounting that combines • Portfolio valuation based on pre agreed method
the knowledge of securities, GAAP and skills of disciplined processes. • Income accrual and recognition
Basiz offers NAV support services and addresses the demands of • CFO support services
capacity, exotic investment strategies, difficult to account securities and
instruments that do not have automated solutions. PFIC
Level 1: PFIC Annual Information statement. This is issued by the
Salient features of this service are fund and given to the investors. It has no individual investor
• End to end investment accounting from transaction processing to information, rather it is at fund level.
NAV declaration A) Election, Analysis, Setup, determination leading to PFIC
• Based on SIPOC methodology of Six Sigma status
• Unique & Proprietary graphical checkpoints for processing and review B) Analysis and preparation of PFIC Annual Information
• 2 level Independent reviews Statement
• Proven experience of handling 400+ NAV’s covering daily, weekly and
monthly funds covering with Long/Short, Global Macro, Absolute return, Level 2: This is a consultative service. This analysis will generally
OTC, derivatives, IRS, Equity basket swaps and CDS strategies include such things as first determining the PFIC status if any,
• Investor accounting that covers Partnerships, Master Feeders, SPC’s. analyzing the ownership structure and income streams, and
Basiz can also compute equalizations & series allocation. determining which elections, if any, are appropriate. During
this process we also attempt to identify planning opportunities
1065 AND K-1 TAXATION as they present themselves. This service is co-offered with our
A complete or modular services that covers partners the CPA firm out of NY.
• Foreign Currency related computation per Sec. 988
• Stapled securities analysis Level 3: Once we fully understand the structure, planning opportunities
• Listed futures per Sec. 1256 and applicable reporting requirements inherent in each client’s
• Determination of Grantor trusts situation, we then move on to the required computations and
• Splitting of capital and Income in certain REITs allocations, making appropriate elections, and filling out all
• Built in contribution gain/loss for contribution in kind/merged fund required Tax Returns and Information Filings. For example, US
scenario Federal Form 8621 must be completed and attached to each
• Underlying PFIC & K1 upload individual investor’s personal tax return. The attribution rules of
• Straddles analysis the US tax code must be applied for this purpose. There may
• Wash sales computation also be US State Tax Return requirements as well. This service
• Tax v/s booked EUMAB is co offered with our partners the CPA firm out of NY.
• Reconciliation of temporary tax adjustment of relation to unrealized
gain/loss, MTM, Dividend, receivable
• Qualified dividend analysis
• Foreign tax credit by country analysis
• Dividend & Interest by country analysis for DTA relief
• PERT/CPM based proprietary process to ensure quick turnaround