About the Company

Industry: Manufacturing (Self-Adhesive Products)

Type: Privately Held

Surefix, operating under S Doshi Papers Industries Private Limited, is a leading manufacturer of high-quality self-adhesive label stock products and sticker paper. Founded in 1984, the company has established itself as a trusted name in the label industry, providing a wide range of solutions, including paper labels, films, and thermal transfer ribbons.

With over three decades of expertise, Surefix serves various industries globally, maintaining a commitment to quality, sustainability, and customer satisfaction. The company holds ISO 9001:2015 certification, ensuring strict quality management and consistency in its offerings.

Problem Statements

Financial reporting challenges: Surefix was struggling with managing its finances due to the absence of a proper financial reporting system. This lack of visibility made it difficult for the company to track performance and make informed decisions.

Compliance and taxation issues: Surefix faced challenges in complying with TDS and GST regulations, risking penalties due to non-compliance and delayed filings.

Manual and inefficient processes: The company relied on manual accounting processes, which were time-consuming and prone to errors, affecting overall financial efficiency.

Our Solution

Implementation of MIS Reports: We provided Surefix with detailed MIS reports that highlighted key financial metrics, including non-deduction of TDS and GST compliance. These reports gave the management a clearer view of the company’s financial position and allowed for better decision-making.

Compliance and Tax Filings: Our team managed the timely filing of TDS and GST returns, ensuring that Surefix met all regulatory requirements and avoided penalties.

Reconciliation and Bookkeeping: We assigned a dedicated executive to manage reconciliation processes, ensuring all financial transactions were accurately recorded. The accounts manager reviewed these reports to ensure compliance and accuracy.

Results

Improved financial visibility: The implementation of MIS reports allowed Surefix’s management to track revenue, expenses, and other financial metrics more effectively, leading to better strategic decisions.

Compliance achieved: Surefix met all TDS and GST filing deadlines, reducing the risk of penalties and ensuring full regulatory compliance.

Operational efficiency: By automating certain financial processes and ensuring accurate reconciliation, Surefix significantly reduced the time spent on manual accounting, improving overall operational efficiency.

Benefits and ROI

Enhanced financial Control: The MIS reports provided clearer insights into Surefix’s financial performance, enabling the management to make informed decisions about budgeting and future investments.

Risk reduction: By ensuring timely compliance with tax regulations, Surefix minimized the risk of financial penalties and maintained a stronger financial position.

Improved efficiency: Automating key processes and providing ongoing financial support led to a smoother and more efficient financial operation, freeing up internal resources.

ROI: Our Accounts and Financial Management services helped Surefix achieve financial clarity, improved compliance, and enhanced operational efficiency, positioning them for sustainable growth in the manufacturing industry.