PAMS & ASSOCIATESChartered Accountants FIRM PROFILE 01-09-2009 1 TABLE OF CONTENTS 1. SYNOPSIS....................................................................................................................3 2. ABOUT PAMS & ASSOCIATES .............................................................................. 4 3. AREAS OF PRACTICE .............................................................................................. 5 4. ABOUT THE PARTNERS & ASSOCIATES …………......................................... .8 5. REPRESENTATIVE CLIENTELE ......................................................................... 14 6. CONTACT PERSON ................................................................................................. 18 2 PAMS & ASSOCIATES- Synopsis 1. 2. 3. 4. 5. 6. 7. YEAR OF ESTABLISHMENT........................................................................... 1985 NO OF PARTNERS…………….………………………………………………....10 NO OF QUALIFIED ASSOCIATES…..………………………………………….10 NO OF ARTICLES SEMIQUALIFIED………………………………………...…15 OTHER AUDIT ASSISTANT & STAFF...…………………………………...…...60 NO OF BRANCHES………………………..………………………………...……..4 NO OF ASSOCIATED OFFICES..…………...……………………………...……...2 8. PROFESSIONAL STRENGTH. PARTICULARS PARTNERS ASSOCIATES OTHERS Fellow Member 8 1 Associate Member 2 5 1 Bachelor in Law/LLB 4 D.I.S.A. 5 Master in Computer Application 1 Collective Experience > 125 Yrs > 20Yrs > 7 Yrs 9. CLIENT REPRESENTATION PARTICULARS MNC PRIVATE PUBLIC COMPANIIES SECTOR/BANKS Statutory Audits Internal Audits Tax Audits Concurrent Audits Tax Advisory Tax Litigation IFRS Compliance & Reporting 10. MAJOR AREAS OF PRACTICE SL. NO. 1 2 3 4 5 6 7 8 PARTICULARS STATUTORY AUDIT INTERNAL AUDIT AND RISK ADVISORY TAX AUDIT TAX ADVISORY AND LITIGATIONS REPORTING, RECONCILIATION AND AUDIT UNDER IFRS INTERNATIONAL TAXATION AND TRANSFER PRICING ADVISORY ON MERGER, AMALGAMATION & RESTRUCTURING CAPITAL STRUCTURING, FINANCING AND NEGOTIATIONS 3 About PAMS & AssociatesAREAS OF PRACTICE PAMS & Associates is an established C A firm with C h a r t e r e d A c c o u n t a n t s and other Practicing professional including lawers and company s e c r e t a r i e s in India with head office at Bhubaneswar. The core areas of practice of the firm are: Corporate Audits- Statutory, Tax, Internal Corporate Taxation- Advisory, Litigation Consolidation, Reporting and audit under international GAAP and IFRS. Secretarial Practice and legal Compliance. Special Audits and Compliance Audit. Valuation and Due Diligence. The firm is also engaged in other areas of practice namely: I s s u e s u n d e r F E M A & E X IM Laws; A d v i s o r y o n Agency, Distribution & Franchising; Alternate Dispute Resolution; Banking & Recovery Laws; Capital Markets & Securities; Drafting of Contracts, Agreements, Deeds, POAs, Wills etc.; Foreign Collaborations & Joint Ventures; Information Technology Audits; Licensing, Patent, Copyright, T r a d e m a r k a n d O t h e r IP R s Mergers, Acquisitions & Corporate Restructuring; Privatization & Disinvestment; Secretarial & Company Law Issues; Telecommunication Issues; Tenders & Bids issues; Loans, Financing and Financial restructuring PAMS & Associates is also engaged in extensive litigation before appeal and the various Tribunals in the areas of its core competence. The firm is rendering legal & due diligence services to various industries and corporate in the Country. 4 Partners The partners of PAMS & Associates are: • Mr. Pramod Kumar Misra, FCA, Managing Partner (FCA, LLB,DISA) • Mr. Anand Kumar Jain, FCA, partner • Mr. Mahesh Prasad Mahapatra, FCA, Partner (FCA, LLB,DISA) • Mr. Sudhir Kumar Dash, ACA, Partner (ACA, LLB, DISA, CIFRS) • Mr. Manoranjan Mishra, ACA, Partner • Mr. Manamohan Mishra, FCA, Partner (FCA, LLB) • Mr. Satyajit Mishra, FCA, Partner (FCA, LLB,DISA) • Mr. Lalatendu Sahu, FCA, Partner • Mr. Sujit Sahoo, FCA, Partner • Ms. Neeraj Kumar Tiwari, FCA, Partner (also a Company Secretary) Consultants working with PAMS & Associates are: • • • • • • • • • Mr. Pawan Agrawal, ACA , Head Internal Audit and Assurance Division Mr. Rameswar Subudhi, ACA Mr. Manish Sharma, ACA Mr. Pankaj Sinha, FCA Mr. Dhruvkant Vaish, ACA Mr. Deepak Kumar Shaw, ACA Mr. Varun Chowdhry, ACA Mr. Ranjeet Singh Gandhi, MCA Ajay Behera & Associates, Company Secretaries Areas of Practice Representative services in respect of Corporate Commercial Practice (Advisory & Litigation) • • • • • Acquisitions Approvals Commercial Agreements Company Law/Secretarial Corporate matters before Company Law Board, Registrar of Companies, Regional Director and other Corporate Law Bodies Due Diligence Incorporation of Companies Initial Public Offerings Joint Ventures • • • • • • • • • • • Legal Management of Companies Liaison with authorities and banks. Special Compliance Audits Legal Opinions Mergers, De-Mergers Private Placement of Equity/Debt Service Agreements Structuring/Restructuring Tenders & Contracts Taxation Advisory Tax Compliance, Filling, Submission etc • • • • 5 Details of major Corporate & Secretarial services offered by PAMS & Associates. Sr. No. 1 Particulars Providing Secretarial Audit services for Compliances under the Companies Act, 1956 for various clients. Advising (end to end) Mergers. De-mergers and Amalgamations for a number of clients Obtaining approvals of the Central Government under Section 212 for exemption to the holding company from attaching the financials of the subsidiary with its own. Compounding offences by the Regional Director/Company Law Board under Section 621A for various non-compliances under different provisions of the Companies Act, 1956. Obtaining approvals from the Central Government for the appointment of Managerial Persons and for Managerial Remuneration. Obtaining approvals of the Central Government under Section 297 of the Companies Act, 1956 in respect of contracts in which Directors were interested. Handling transactions relating to transfer/transmission of shares in specific situations. Assisting clients in various transactions in preparing and negotiating Shareholders Agreements and Share Purchase Agreements. Assisting our clients in other Corporate Secretarial matters like:- 2 3 4 5 6 7. 8. 9. Incorporation of Companies for Indian and Foreign Promoters. Preparation / Alterations in the Memorandum/Articles of Association. Change in Registered Office of the Company from one State to another Conversion of a Private Limited Company into a Public Limited Company. Obtaining extension of time from the registrar of Companies for holding Annual General Meetings. Providing secretarial services relating to maintenance of Statutory Records, minutes and statutory filings under the Companies Act, 1956. Assisting foreign clients in the establishment of place of business, Branch Office and Liaison Office/Project Office in India Other secretarial services to foreign clients having a place of business in India Work related to creation, rectification, modification and satisfaction of charges. 10. Advising clients on banking, financial loans, restructuring matters. 11. Conducting a number of comprehensive companies being acquired. Due Diligence exercises on the target 12. Conducting an extensive study for feasibility of establishing Industrial Units amongst multiple locations in India covering almost all facets including the labour law aspects and incentives offered by the respective State Governments. 13. Assisting in the incorporation and management of Charitable Companies u n d e r s e c t i o n 25 of Companies Act. Representative services in respect of Corporate Taxation (Advisory & Litigation) Service Tax, Sales Tax (Central & Local), Works Contract Tax & VAT • Advisory • Litigation Drafting Replies to show cause notices Drafting of appeals, pleadings, affidavits, applications, petitions before Departmental & Appellate Authorities, CESTAT (previously CEGAT), ITAT, Settlement Commission, Advance Rulings Authority, Ministry of Commerce, Ministry of Finance Registration Tax planning Audit & Due Diligence Double Taxation Withholding Tax Appearances before the Departmental & Above Authorities. Details of some Corporate Tax assignments handled by PAMS & Associates Sr. No. 1 2 3 Particulars Conducted Due Diligence for Compliances under the Income Tax Act and Service Tax laws Advised on direct tax issues as a consequence of specific M&A transactions. Provided routine direct & indirect tax legal opinions to a host of clients on day to day functioning and specific situations and interpretations Assisted clients in around 40 Central Excise and 45 Service Tax Registrations 4 5 Advised clients on various CENVAT Credit issues including Input Services ABOUT THE PARTNERS & ASSOCIATES PRAMOD KUMAR MISRA Chartered Acccountant Age and Education • Aged 50 years • Post Graduate in Commerce from Utkal University; • Graduate in Law from Utkal University Additional qualifications • Post Qualification Diploma in Information System Audit. Professional Affiliations • Fellow Member of the Institute of Chartered Accountants of India. Professional Experience Mr. Pramod Misra, the Managing Partner, has been instrumental in handling a variety audits from amongst the Central Public Sector Enterprise in the Government sectors and the Public Sector Banks. Mr Misra’s experience lies in the Public Issue Management, Capital Structuring, Fund Management including debt restructuring, financial negotiation and advisory. ANAND KUMAR JAIN Chartered Accountant Age and Education • Aged 38 years • Graduate in Commerce from Utkal University; Professional Affiliations • Fellow Member of the Institute of Chartered Accountants of India. Professional Experience Mr. Jain has been a fellow member of the Institute of Chartered Accountants of India for the last 11 years. His glory of experience lies in doing statutory audits and concurrent audit of banks. He is also instrumental in building of accounting system. MAHESH PRASAD MOHAPATRA Chartered Accountant Age and Education • • • Aged 45 years Graduate in Law from Utkal University Post Qualification Course of Diploma in Information System Audit from ICAI. Professional Affiliations • • Fellow Member of the Institute of Chartered Accountants of India. Has remained the chairman of the Cuttack Branch of the Institute of Chartered Accountants of India. Professional Experience Mahesh has experience of about 20 years in Corporate, Commercial & Taxation litigation. He has an interesting combination of exposure in corporate restructuring, process reengineering and tax planning also as an arguing tax consultant. SUDHIR KUMAR DASH Chartered Accountant Age and Education • • • • Aged 30 years Graduate in Law in 2002 from Utkal University Diploma in Information System Audit (DISA) from ICAI. Certificate Course on International Financial Reporting Standards (IFRS) from the Institute of Chartered Accountants of India (ICAI). Professional Affiliations • Associate Member of the Institute of Chartered Accountants of India. Professional Experience CA Sudhir Dash has researched extensively on t h e e m e r g i n g i s s u e o f convergence into Global Accounting Standards called IFRS including transition, reporting and audit. He also is instrumental in advising International tax issues including the t r e a t y a p p l i c a t i o n a n d t h e T r a n s f e r P r i c i n g . He has independently handled the transfer pricing assignments and litigation on TP. SATYAJIT MISHRA Chartered Accountant Age and Education • Aged 39 years • Graduate in Commerce from Utkal University; • DISA from Institute of Chartered Accountants of India. Professional Affiliations • Fellow Member of the Institute of Chartered Accountants of India. Professional Experience Satyajit is the Managing partner at the head office of PAMS at Bhubaneswar. He is a professional having more than 15 years of work experience. He is a vivid litigator and is now handling corporate litigation in various forum. He has been associated with a lot of socio cultural association including the rotary club of Bhubaneswar. Mr. Mishra’s invaluable experience lies in audit of multinational companies including the state and central statutory corporation and PSUs. SUJIT SAHOO Chartered Accountant Age and Education • Aged 37 years • Bachelor’s degree in Commerce Ravenshaw College. Professional Affiliations • Fellow Member of the Institute of Chartered Accountants of India. Professional Experience Sujit has over 10 years of experience in accounting, audit and taxation matters in industry and as a practising professional. He has experience in conducting Internal Audit of various Public Sector Companies in Power, Mining and Construction sector. MANAMOHAN MISHRA Chartered Accountant Age and Education • Aged 40 years • Master degree in Commerce form revenshaw College; Professional Affiliations • Fellow Member of the Institute of Chartered Accountants of India. Mr. Manamohan Mishra is a fellow member of ICAI, has over 20 years of industrial experience. He is experienced in regulatory compliance of industrial policy of State and Central Governments including filling, submission and reply to various statutory bodies and regulatory officials. He has experience in conducting Internal Audit of various Public Sector Companies in Power, Mining and Construction sector. MANORANJAN MISHRA Chartered Accountant Age and Education • Aged 28 years • Graduate in Science from Utkal University; Professional Affiliations • Associate Member of the Institute of Chartered Accountants of India. Mr. Manoranjan Mishra is an associate member of ICAI, has over 5 years of industrial experience. He is in risk assessment and development of Internal Control System. He is also in experience of doing various revenue and concurrent audit of banks. LALATENDU SAHU Chartered Accountant Age and Education • Aged 36 years • Master’s degree in Commerce from Revenshaw College. • Graduate in Law Utkal University; • DISA from the Institute of Chartered Accountants of India. Professional Affiliations • Fellow Member of the Institute of Chartered Accountants of India. Professional Experience Sujit has over 12 years of experience in Taxation and Secretarial matter. He is also instrumental in preparation of project report for financial institutions and negotiatons including restructuring. NIRAJ KUMAR TIWARI A Chartered Accountant Age and Education • Aged 31 years • Graduate in Commerce. Professional Affiliations • Associate Member of the Institute of Chartered Accountants of India. Professional Experience Sujit has over 5 years of experience in Accounting, Auditing and Secretarial matter. He is also instrumental in preparation of project report for financial institutions and negotiations including restructuring. OTHER ASSOCIATES PAWAN KUMAR AGRAWAL, B.COM, ACA Mr. Agrawal, an associate member of the institute is the head of Internal Audit and Assurance division in PAMS & Associates. He has an inbuilt expertise in doing the Risk Based Internal Audit of various Multi national companies in the IT and infrastructure. He is also instrumental in study and defining and improvement of MIS and accounting reporting system. RAMESWAR SUBUDHI, B.COM, ACA Mr. Subudhi, an associate with PAMS & Associates has been very bright in process risk evaluation and implementation of internal control system and development of moangement information system. He is reach in the management of project approval of IT units under the STPI projects. MANISH SHARMA, B.COM, ACA Mr. Sharma, an associate with PAMS & Associates is instrumental in corporate tax advisory and providing submission and appearing in appeal matters in tax litigation. DEEPAK SHAW, ACA Mr. Shaw, an associate with PAMS & Associates. Mr. Shaw has unique brilliance of doing risk based internal audit in the electronic data capture environment. His unique excellence is a bonus to the RBIA division of PAMS in ERP based environment. DHRUVKANT VAISH, B.COM, ACA Mr. Vaish, an associate with PAMS & Associates has a gamut of experience in doing statutory audit including LR audits of big MNCs in public and private sector. MOHD. ASIF, B.COM, ACA Mr. Asif, an associate with PAMS & Associates is blessed with enriching experience in evaluation and setting of IT control mechanism. He is very handy in doing IT and system audit. AJAY BEHERA, ACS Mr. Behera, an associate Company Secretary, is associate with PAMS & Associates. Mr Behera looks after the secretarial management of various company including the IPR registration and Compliance. He is also instrumental in the compliance management under the Companies Act, FEMA, RBI and other statutory regulations. RANJIT SINGH GANDHI, B.COM, MCA Mr. Gandhi, an associate with PAMS & Associates is brilliant in technical evaluation in Information System. He is the head of IS Audit of PAMS & Associates. REPRESENTATIVE CLIENTELE STATUTORY AUDIT-CORPORATES 1. Orissa Construction Corporation Limited 2. Idcol Kalinga Iron Works Limited 3. Bhagya Residency Pvt. Ltd. 4. Nilachal Ispat Nigam Limited 5. Shree Ganesh Sponge Iron (P) Ltd. 6. Gampas Plastech Pvt. Ltd. 7. Mutual Inductors Ltd. 8. Mutual Insulated Cables and Conductors Ltd. 9. Mutual Steel Ltd 10.MJS Communication LLP. 11.Orissa State Leather Corporation Ltd. 12.World Geoscience Data Service (India) Pvt. Ltd. 13.Orissa On-Line Services Pvt. Ltd. 14.Orissa Lift Irrigation Corporation Ltd. 15.G.V.V. Construction Private Limited. 16. Tathya Software Pvt. Limited. 17. Jayadev Mineral Pvt. Limited. 18. Ripplesoft Technology Pvt. Limited 19. Singhania Oxygen Pvt. Ltd. 13. M.M. Medicare Pvt. Ltd 14. Seemiyetic Refractories Pvt. Ltd. 15. Oasis Air Products Pvt. Ltd. 16. Gangotri Agro Industries Limited. 17. Leon Telescan Pvt. Ltd. 18.Bioman Pharmaceuticals Pvt. Ltd. 19.Cuttack Gymkhana Club Pvt. Ltd. 20.Fireking Refractories Pvt. Ltd. 21.Shree Mahabir Carbon Limited 22.Reliance Security & Intelligence Services Pvt. Ltd. 23.Shreeji Combine Coke Pvt. Ltd. 24.Health Home Pvt. Ltd. 25.Odyssey Consultancy Services Ltd. 26.NTPC 27.Mahanadi Coalfields 28.Dianabandhu 29.Om Enroutes Pvt. Ltd. 30.Cabella Mkt. Pvt. Ltd. 31.Ost Farming India Pvt. Ltd. 32.Purotech Home Appliances Private Limited 33.Myinfo Service Private Limited. 34.Dadri Commercial Private Limited NGO/CHARITABLE TRUSTS 1. Acharya Harihar Das Memorial Trust 2. Rama Krishna Bhaba Prachar Samity 3. Indian Cancer Society 4. Shanta Memorial & Rehabilitation Centre 5. Om Motors and Tractors 6. Aditya Engineering Services 7. Sidhartha Distributors 8. Capital Traders 9. Orissa Dance Academy 10.Konark Natya Mandap 11.Orissa Women’s Voluntary Services. 12.Surya Medical and Research Centre 13.Cuttack Branch of EIRC of ICAI 14.Career Point STATUTORY BRANCH AUDITORS 1. 2. 3. 4. 5. 6. New India Assurance Ltd National Insurance Co Ltd Andhra Bank Cuttack Gramya Bank Allahabad Bank UCO Bank 7. Central Bank of India 8. Union Bank of India 9. State Bank of India 10.United Bank of India RETAINER FOR SECRETARIAL WORK 1. 2. 3. 4. 5. 6. 7. 8. 9. Bank of Baroda Union Bank of India Ambica Granites Pvt. Ltd. Systems Technology International Ltd. Prashant Dairy Farming Pvt. Ltd. Hitech Iron Pvt. Ltd. Syndicate Land & Mines Pvt. Ltd. MJS Communications LLP. Blaser Swisslube India Private Limited. CONCURRENT AUDITORS 1. 2. 3. 4. 5. 6. 7. UCO Bank United Bank of India Bank of Baroda Bank of India Karnatak Bank Oriental Bank of Commerce UTI Bank SPECIAL AUDITS AND INVESTIGATIONS 1. 2. 3. 4. 5. 6. Stock Auditors of National Aluminium Company Ltd. SMBC Capital India Private Limited-Basel-II Advisory and MIS ONGC- Consultancy on Withholding Tax and Service aspect IILM Group of institutions- Accounting and Compliance advisory. Dealer Network Auditors of Maruti Udyog Ltd. Dealer Network Auditors of Arvind Garments Ltd. 7. Tax Consultants to Satyam Computer Services Pvt. Ltd. 8. Consultants to System Technology Int. Limited 9. Special Investigating Auditors of IDCO Ltd. 10.Stock Auditors of Orissa Small Industries Corp. Ltd. 11.Stock Auditor of State Bank of India 12.Stock Auditor for Paradeep Phosphates Ltd. 13.Jumbo Electronics Private Limited- Tax Consultancy 14.East Cost Enterprises 15.Subas Jewellers 16.Statutory Auditors of DRDA , Sonpur 17.MehraGoel & Co- Consultancy on International Taxation and Service Tax INTERNAL AUDITS 1. Orissa Bridge and Construction Corporation Ltd. 2. Addas Pharmaceuticals Limited 3. Grid Corporation Of Orissa Ltd. 4. Mahanadi Coalfields Limited 5. Paradeep Phosphates Limited 6. Jayadev Minerals Private Limited 7. Tripty Drinks Private Limited 8. Orissa State Industries Corporation Limited 9. The Samaja 10.Dinabandhu Steel & Power Limited 11.HyperQuality India Private Limited 12.Pristine Biotech 13.Shree Sairaj Biotech 14.Sergi Transformer Explosion Technologies Private Limited CONTACT US For any further information, details, clarifications etc., please feel free to contact the Undersigned Partner :Sudhir Kumar Dash Partner PAMS & ASSOCIATES Chartered Accountants 274, Third Floor Masjid Moth, South Ex-II New Delhi — 110 049 India TeleMobile: Mail: Weblink: 91-11-41055260 91-98107 67117
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