New and growing businesses need to identify the commercial feasibility of a project. Often, this feasibility needs to be justified to related parties and third parties like shareholders or investors, bankers and regulatory authorities to name a few.

The Managing Partner of Verico Auditing has been carrying out feasibility studies since 1994. The reports include in detail, information in the following manner:
• Introduction of the promoters, the project and the environment
• Demand, manufacturing process and procurement in reverse order
• Organisational hierarchy, human resource planning and administration
• Analysis of past financial statements and results
• Projections of performance and financial position
• Justification for all resources
• Lists of advisors, customers, suppliers, machines, manpower and resources
And all these are neatly compiled in line with the size and nature of the project being undertaken.

Though the reports include technical details like production process, market information relevant to the products, procurement plans, demand analysis and personnel analysis, this information is gathered either by the client or an associate of Verico Auditing as an additional engagement.

Project reports are also prepared for encouraging self employment in nationals under state sponsored schemes like the PMRY {Prime Minister’s Rozgar Yojana (employment guarantee)} in the Republic of India and efforts like the Tomooh (a joint effort of the Government of UAE and Emirates-NBD) and the Khalifa Fund. These reports are useful for the budding entrepreneurs for raising the required finance and understanding their role in the business and for the government entities to ascertain the preparedness and willingness of the entrepreneur to commence and operate the business.

The reports are subject to market risks and do not guarantee performance, but every effort is made by the analyst to imagine the normal circumstances that will present themselves and the resources that management should deploy to encounter them.