EDGARization

We take anything you have, whether it is electronic, paper, or both, and we compile and convert them into EDGAR compliant, ASCII and HTML formats. We also convert them back into Microsoft WORD, or any other format you like, for your review and editing.

We can prepare the following documents for SEC Compliance:

  • Annual reports (Form 10-K, Form 8-K, N-PX)
  • Quarterly reports (Form 10-Q)
  • Registrations (S-1, S-2, S-3, S-4, S-6, S-8, 20-F, N-2, 424)
  • Notice and Proxy statements (14A, 14C)
  • Proxies and other SEC compliant documents such as 20-F, Form 3, 4, 5, Schedule 13D and Schedule 13G

Our Edgar services includes:

  • Electronic Conversion to EDGAR compliant ASCII or html.
  • Paper scanning/OCR (Optical Character Recognition).
  • Corporate image enhancement including inclusion of customer provided artwork,
  • graphics and logos.
  • Optional file formats including PDF.
  • “Expedited” and “Urgent Expedited” Services.

Conversion of electronic documents to EDGAR ASCII and/or HTML format:

  • MS Word
  • Excel
  • Word Perfect
  • WordPro
  • ASCII (text)
  • RTF
  • PDF
  • Scan/OCR paper

XBRL

Since 2011 all public companies, including foreign issuers who file with the SEC, are required to submit their financial reports in the XBRL format. When it comes to managing financial data, reporting requirements and SEC compliance, I Think Solutions offers a unique collaborative approach to XBRL filing. Our experience with EDGAR filing services has showed us that rigorous accounting combined with the best of XBRL platform can deliver an effective XBRL solution. I Think Solutions offers a complete suite of end-to-end XBRL solutions and services, which include consulting, mapping, tagging and validating to compliant filing with the SEC. I Think Solutions team of experts has helped build XBRL taxonomies for a large number of companies and have successfully submitted XBRL filings to the SEC.

Our talented XBRL team brings years of experience working with taxonomies; implementation, documentation and SEC requirements to each project thereby offering the clients with unsurpassed quality, service and cost-effective solutions. iXBRL E-filing is no longer optional in UK. Under the mandate of HMRC, since April 1st, 2011 all Corporate Tax returns and entity accounts online require submission in the Inline Extensible Business Reporting Language (iXBRL) format.

I Think Solutions dedicated team for iXBRL have devised a suite of iXBRL services to ensure your tax and financial statements comply with the HMRC mandate and complete the process effectively. This service can be utilized by Companies and Tax Advisors from any inputs. You can e-mail us the financial accounts or tax computations in Microsoft Office format (word or excel). I Think Solutions team of experts create iXBRL instance document in XML format for filing with HMRC. You can review the iXBRL documents using any browser or we provide PDF files converted to iXBRL output.

MCA XBRL

The Ministry of Corporate Affairs (MCA) India, has resolved to adopt the Extensible Business Reporting Language (XBRL), as a reporting standard for all the companies in India since 2011. The ministry passed a mandate on March 31, 2011, which requires a certain class of companies to file their financial statements for the year ended March 31 2011 onward, in XBRL format, with the Registrar of Companies (RoC). The XBRL mandate has been effective since July 15, 2011 and mandatory for FY11 final accounts.

As per the mandate, in the first phase the following classes of companies need to file the financial statements in XBRL Form from the year 2010-2011:

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

The current mandate excludes banking companies, insurance companies, power companies, Non Banking Financial Companies (NBFCs). Any Practicing Chartered Accountant or Company Secretary or Cost Accountant can certify the XBRL documents of Financial Statements which was before restricted to only Statutory Auditor of the Company. Around 30,000 Companies need to file their report to MCA in XBRL this year.

Mutual Funds

In December 2008, the United States Securities and Exchange Commission (SEC) mandated mutual funds to provide the Risk-Return summary section of their prospectuses in XBRL format to both the SEC and on the fund’s website. The first required submissions for initial registration statements that has become effective since January 1st, 2011. The interactive filing must be filed after effectiveness of the related filing, but no later than 15 business days after the effective date of the related filing

Turn Around Times:

  • Standard: 24-48 hour turn around
  • Expedited: 12-24 hour turn around
  • Urgent Expedited: 3, 6 or 9 hour turn around