Financial Advisory & Risk Management

PRODUCT PROFITABILITY ANALYSIS PROJECT

PASHA BANK

Sector: Banking
Duration: July-December, 2017

The objective of the project was to create a methodology and a tool for conducting replicable analysis of the product costs and identifying their profitability.
Within the project, methodology and practical tools for profitability calculation were developed. The methodology presented specific instructions on incorporating the bank’s resource expenses and the bank’s activity costs into a product profitability analysis tool, infused with the best possible techniques and allocation practices of the bank’s indirect costs, in order to maximize the logical basis for assessment bias and aid the management in the decision-making process.

 

FINANCIAL AUDIT

CAUCASIAN HOUSE

Sector: Non-governmental
Duration: February-April, 2017

The objective of this project was to conduct a financial audit of the company.
Our team of consultants conducted a full scale annual financial audit of Caucasian House for four consecutive years, from 2013 to 2016, using international standards of auditing, which guarantee that the financial report presents all the required accounts in the relevant form and are in compliance with international accounting principles.

 

BUSINESS VALUATION

ADJARA +

Sector: Hospitality
Duration: April-May, 2015

The objective of this project was to evaluate the company’s shares and assets on the basis of results obtained by deep market analysis.
After analyzing the markets for each business and determining the viability of revenue forecasts and other assumptions, a consolidated valuation report was produced.

 

TRAINING IN BASEL II RISK MANAGEMENT STANDARD

GEORGIAN COMMERCIAL BANKS

Sector: Banking
Duration: January-April, 2014

According to the requirements of the National Bank of Georgia, commercial banks are obliged to transform their risk management standards according to Basel II Risk Management requirements by the end of 2014. After interviews with a majority of Georgian commercial banks, PMO identified a significant deficiency in risk management skills and the capacity of banks to perform task independently. As a result, PMO partnered with the Institute for Training and Consulting in Banking (ITCB), a leading Hungarian banking training and consulting center, jointly developed a training curriculum taking into account Georgian legislation and delivered a three day practical training session, which was attended by most of the Georgian commercial banks.According to the requirements of the National Bank of Georgia, commercial banks are obliged to transform their risk management standards according to Basel II Risk Management requirements by the end of 2014. After interviews with a majority of Georgian commercial banks, PMO identified a significant deficiency in risk management skills and the capacity of banks to perform task independently. As a result, PMO partnered with the Institute for Training and Consulting in Banking (ITCB), a leading Hungarian banking training and consulting center, jointly developed a training curriculum taking into account Georgian legislation and delivered a three day practical training session, which was attended by most of the Georgian commercial banks.

 

FINANCIAL MANAGEMENT

IN-SI CONSTRUCTION & BUILDING CO.

Sector: Construction 
Duration: April-September, 2014

PMO Business Consulting provided financial management services, including budgeting and planning. We have conducted a financial statement analysis and reported the results to the management.


BASEL II RISK MANAGEMENT STANDARDS

GEORGIAN COMMERCIAL BANKS

Sector: Banking
Duration: 2014-2016

PMO conducted seven independent projects in following commercial banks operating in Georgia: Pasha Bank, Basis Bank, Capital Bank, Ziraat Bank Georgia, Credo Bank, Caucasus Development Bank, Constanta Bank.
The objective of this project was to assist commercial banks in implementing Basel II Risk Management Standards in accordance with Georgian National Bank requirements. At the initial stage, a diagnostic of the banks’ risk management systems was conducted. Based on the diagnostic, a document that outlined the discrepancies between the existing system and the Basel II requirements was developed, which served as a basis for the development of new and appropriate financial, market and operational risk management systems.


FINANCIAL AUDIT 

ICON

Sector: Advertising
Duration: October-December, 2013

The team of consultants conducted a full scale annual financial and tax audit. Within the scope of the project tax risks were identified and financial account evaluated against international accounting principles.


FINANCIAL AUDIT 

PATARDZEULI LLC

Sector: Food Processing
Duration: December, 2013-January, 2014

The objective of the project was to conduct a financial audit.
Our team of consultants conducted a full scale annual financial audit using international standards of auditing, which guarantee that the final financial report presents all the required accounts in the relevant form and that these are in compliance with international accounting principles.

OPTIMIZATION OF BUSINESS PROCESSES RELATED TO FINANCIAL MANAGEMENT

FLY GEORGIA

Sector: Aviation
Duration: August-November, 2012

The aim of the project was to optimize core business processes related to the financial management of the company. As a first step, the core business processes were identified and described using cross functional methodology. At the second stage, As-Is business processes were carefully analyzed for optimization purposes and To-Be business processes were developed.