VIP Class Notes (Jacob) [W]

Vocabulary

benchmark – point for comparison

Person who works hard and a lot = dedicated

Eager – really excited to do something

Thorough – to go through/do  something slowly to make sure everything is correct (never make mistakes)
eg. I did a thorough job reviewing this paper.

Skimmed – go through quickly and look at important things.
eg. I skimmed the paper quickly and it looks all good.

Laid back = easy going = relaxed

Perceptive – good at understanding or noticing things

Guts -all your organs and stuff inside your belly
to have guts – to be strong and stand up for what you think or believe in
Gutsy – to do things that takes a lot of confidence and a strong mind that others would be scared to do

Grammar

Please let me have the relevant information by 5pm Italian time. [5pm Italian time tomorrow, Aug 5th.]

Pronunciation

Original

Dear Jyn,

thanks for your email, I have more information about this matter now.
With reference to the correspondence you attached in your previous email, I wish to inform you that Mr C is collecting the authenticated and legalized copy of his passport and he will send it to us in the next few days. So the BOC Milan office will not be involved. The client would like to know the next steps of the procedure for the opening of the capital account and in particular the timing of it.
Please let me have the above information.
Moreover, please get in contact with BOC Shanghai and collect all the documents that will be necessary to carry out the opening of the account. Moreover, please let me know if it will be necessary to collect an original copy, duly signed by Mr C, of each of these documents or if it will be sufficient to stamp them with the seals of the company.

Dear Maggie,
I have just had a call with Mr P.
Please note that Mr P was expecting a Report in accordance with the IFRS, not PRC GAAP.
Let me know if you can redrafted the Report for the month of April adopting the IFRS standards and if you are able to meet the deadline of July 9th for the Reports of the months of May and June, afterwards.
Mr P is going to send me the commissions report in 1 hour.

Dear Maggie,
Following a recent discussion with Eugenio, we could proceed in the following way:
1. Keep the drafted April Report already adding a paragraph with an overview of the IFRS requirements for the revenue recognitions. Moreover we shall update the P&L and BS with the IFRS adjustments.
With reference to the IFRS, I think Mr P would like the scheme indicated in “Financial Report” sheet in the file herewith attached. I will ask Mr P for a confirmation about that.
2. Starting from the May Report, we could draft only an IFRS Report. But if you deem necessary to include the PRC GAAP adjustments, please let me know.
I am going to have a call with Mr P in the afternoon and I will keep you updated.
I have attached the June commission Report that I received from IMS.

Dear Anna,
I had a call with Mr M last week and he told me about their intention to close the company’s warehouse of the.
Since he was not so clear about that, I would ask if your aware about which of the warehouse they would like to close.
I did not understand if the lease agreement is expired or if they want to terminate it.

Dear Maggie,

Please find below Mr P’s requests:
• He would like to receive the Financial Statement scheme as included in the “Reporting Model BJ”, in particular the sheets concerning the BS and the P&L. I would suggest to adopt the amendments that I have made in the file attached.
• Please find attached the POC information that I have received from Mr. P. Should you need any clarification concerning the file attached, please contact me.
• He would like to receive the Report for the month of June by Tuesday, so please give priority to that Report rather than April and May Reports.
With regards to the commission agreement, he has confirmed that it does not exist. So please add this remark on our Report. He has informed me that the payment of the commissions to GBJ should be settled according to the terms of payment and invoicing indicated in the sales agreement which the commissions are based on. But often the payments of the commissions to GBJ has been done according to the cash flow necessities of GBJ.

Dear Ivy,
The lease contract of the warehouse of STBM will expire around August 7th, so they would like to move the warehouse contents to the place of TBM, because there is enough space to store the goods of STBM.
I would ask for your kind support in order to provide the client with our feedback from a legal perspective.

Dear Anna,
We have talked about that with Gianluca and we found the relevant law.
Thanks for your willingness.

Dear Giulia,
Have you renewed the SAFE deadline of some invoices that should have been paid by June 30th, 2018?
Mr L informed Eugenio that Jiaxing sold back and invoiced to Tullio some machineries for the amount of around EUR 130,000. Could you confirm it?
If yes, Is it possible to compensate this AR with the pending invoices due to Tullio?

Dear Anna,
With reference to the variance of in the rental fee between Budget and Actual, I have noticed that, starting from February, the actual amount (CNY 166,682) is even higher compared to January (CNY 107,645).
Your comment explains the reason of the difference in January (59,000+48,000=107,000), but there is still a difference of around CNY 59,000 to be explained for the month of February and March. Do you know the reason for that?

Dear Maggie,
I have not yet received any feedback from the client about our Report for the month of June nor a request for the delivery of the previous ones.
But It would be better to send them by Tuesday/Wednesday, if possible, since Eugenio and Marco are going to have a meeting with the client this week.
Please let me have your feedback.

Dear Giulia,
Have you carried out the inventory verification?
Have you found any discrepancies or anything you deem relevant?

Dear Candy,
I would like to know how many days you went to A’s office in July and for how many hours each time. How many other hours are you expecting to go there by before the end of July?
Moreover, please let me know how many hours per month you spent at A office before they asked us to reduce our services.

I would ask for your kind support in order to know the Sales volume and number of employees as at December 31st, 2017 of the companies that you supervise.
If some companies were incorporated in 2018, please give me the latest information available.
Please let me have the relevant information by today. end of  the business day today (6pm)

Dear Nathalie,
I hope this email finds you well.
I wish to inform you that we will let you know when we will be able to provide you with the Benchmarking study by the end of the week, since we are addressing some difficulties in accessing Comparables data.

Dear Nathalie,
I wish to inform you that we have solved the problems concerning the access to the “comparables” data and we would now be ready to proceed with the Benchmarking analysis.
But, given the delay caused by these problems, we would like to receive your explicit authorization to proceed with the analysis, taking into account that, from the moment of your approval, it will take 3 weeks to provide you with the Benchmarking study.
Moreover, in order to carry out the analysis, we need the AShanghai’s EIT Declaration for the years 2015 and 2016 and all the contracts signed between AShanghai and the related parties. Would you be so kind as to provide us with them?
Thank you.
I look forward to hearing from you for your approval.