M.Anandam & Co Chartered Accountants

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1 M.Anandam & Co Chartered Accountants

2 Introduction M.Anandam & Co., was established in the year 1943 and is now among the most experienced firms in the country providing high quality services in audit, investigation, finance, taxation and management systems M.Anandam & Co has been founded by Late M.Anandam, who was a Chartered Accountant, Member of the Legislative Council and Member of the Parliament for three decades M.Anandam & Co s clientele include many large, medium and small scale sector organizations in banks, public and private sectors M.Anandam & Co has currently 11 Partners, 4 consultants, and 60 professional staff M.Anandam & Co more than three decades of experience in Central Statutory Audit of Banks M.Anandam & Co has two partners with experience as Directors of Nationalized Banks M.Anandam & Co has two partners qualified in Information Systems Audit (CISA/DISA) M.Anandam & Co has been certified by DNV for ISO 9001:2008 for its quality services in Audit and Taxation Experience in INTERNAL AUDIT Aspects covered under Internal audit Review of recruitment procedures and other HR related activities Audit of receivables, Costing Processes and Management Information Systems Review of Inventory Control procedures Periodical Review of Financial Transactions Compliance to Tax laws, Labour laws Risk & Compliance Audit Review of Internal control procedures in Supply Chain Management Review of Controls in Projects Funds Management Compliance to Lender s Covenants Compliance to terms of Franchisee agreements Accounting for Derivative transactions Review of Related Party transaction - Arm s Length price Risk Based Internal Audit Review of controls in accounting packages Review of contract documentation

3 Profile of Internal Audit Clients Public sector undertakings Capital market operators Power Generation units Microfinance lender Training/ Coaching Institute Educational Institution Pharmaceutical Manufacturer Water purification plant manufacturer Electronics EMS industry Automobile Component manufacturer Automobile Dealer Our Internal AUDIT CLIENTS ICFAI Group Prime Hospitals Bhubaneswar Power Private Limited Servomax India Ltd Spectrum Power Generation Ltd Internal Audit of the power installations at Kakinada. Talwar Mobiles Private Limited Dealer of Hyundai cars Waterhealth India Private Limited Tanflora Infrastructure Park Limited Triumphant Institute of Management Education Pvt. Ltd. Nagarjuna Fertilizers & Chemicals Ltd. Concurrent Audit ING Vysya Bank - Risk Based Internal Audit of their Branches in AndhraPradesh ICICI Bank - Risk & Compliance Audit of Dematerialised Operations of the bank SKS Microfinance Private Limited Normak Fashions Internal and Management Audit of Stocks, receivables, Costing Processes and Management Information Systems. Indic EMS Electronocs P Limited Doddaballapur, Bengaluru Administrative Staff College of India - ASCI Autofin Ltd., - Internal Audit of Hyderabad leading automobile dealer

4 Assignment Handeld for Regulators Reserve Bank of India Central Statutory Auditors for Reserve Bank of India Conducted Compliance audit of the Risk management procedures of the forex dealing department of the Reserve Bank of India Conducted a special assignment to reconcile the inter branch account of the Reserve Bank of India (RBI General Account) reduc ing the number of entries by more than 95% Developed system software for matching Reserve Bank of India General Account Conducted the study for Restructuring the Balance Sheet of the Reserve Bank of India Conducted a Study for benchmarking Accounting disclosures of 29 Central Banks with the Disclosure practices of the Reserve bank of India Conducted a study for redesigning the Accounting Policies and procedures of the Reserve Bank of India Member of the team to review the implementation of RTGS Presently, Designing the DAD Manual under the IAS environment and Member of the Committee to review the IT environment, practices of risk management under the Integrated Accounting System and the implementation of the RTGS and related security issues Insurance Regulatory and Development Authority Evaluation of promoters capabilities in setting up new insurance joint ventures including development of financial models, credit worthiness and due diligence Examination of Risk profile of a few major Financial conglomerates in India Experience in Banking Industry Central Statutory AUDIT Reserve Bank of India Syndicate Bank Andhra Bank Central Bank of India Canara Bank IS AUDIT Bank of Baroda Canara Bank Risk Based Internal AUDIT ING Vysya Bank - Risk Based Internal Audit of their Branches in Andhra Pradesh ICICI Bank - Internal Control Risk & Compliance Audit

5 Stock AUDIT Bank of India Karur Vysya Bank Manuals Internal Audit manual for a large coal company Accounting manual for a large coal company in India Accounting manual for a large pharmaceutical company in India Legal and Statutory Advice and framing import regulations for Food safety standards of India Advice in framing contracts for Unique Identity Authority of India (UIDAI) Advice on risk analysis, and assurance levels for the authentication framework of UIDAI Advice various entities on Foreign exchange, Service tax, transfer pricing and international taxation Forensic & Investigation Audit on Behalf of Banks & Finanacial Institutions Insurance Company Investigating the accounting and financial statement accuracy on behalf of Insurance Regulatory Authority of India A Construction Group Of Companies Investigated and reported to the Reserve Bank of India the conduct of certain Nationalised Banks in financing the Group Accounts A Steel Company Investigated the reported diversion of funds of Financial Institutions and Banks. Project cost Rs.50 crores A Cable Company Investigated certain matters to report to IDBI A Power Generating Company Investigated the Cost of implementation of the project in association with ICRA, appointed by APSEB A Fertilizer Company Investigated and reported to IDBI, Mumbai. Monitored internal control and compliance to accounting standards as per Indian GAAP An Edible Oil Company Investigating certain aspects as referred to by IDBI

6 Due DILIGENCE Completed Due diligence review for investment in Power Sector by Private Equity Funds Due diligence for takeover of an operating Cement company by a cement major Assisted in Due diligence for transfer of promoters stake to a multinational company in the field of chemical dyes Due Diligence for takeover of an Asbestos Cement Sheet Roofing Unit by a listed company Due Diligence for takeover of a Coal Washery on Sale of Shares by the majority Group Due Diligence for takeover of a large Sugar plant by a large Cement and power group Due Diligence for takeover of a company in Real estate and development of Industria Park Due diligence for takeover of a insect repellant manufacturing company by a leading chemical manufacturing company Due diligence for takeover of a water purification plant manufacturing company on behalf of an NRI group Credit Monitoring AUDIT on Behalf of BANKS and FIs Conducting concurrent Audit of a Rs.1500 crore Fertilizer Company on behalf of the Consortium of Banks and Financial Institutions Conducting Credit and Monitoring audit of a Large Steel Tube Company on behalf of a Consortium of Banks Evaluation of settlement proposal of Corporate Debt Restructuring of a large Fertilizer Company AUDIT of Public Sector Corporates M. Anandam & Co conducts the Statutory Audit of more than 200 listed and Private Companies Visaka Industries Ltd CCL Products (I) Ltd Andhra Pradesh State Finance Corporation Sudhakar Group Techtran Polylenses Anjani Portland Cement Fenoplast Limited Kakatiya Cement DRS Logistics Private Limited Fortune Ford International Institute of Information Technology National Institute for Smart Government

7 Experience in Management AUDIT Shantha Biotech Ltd., - Risk based Audit of a leading vaccine producing company DRS Logistics Limited Risk Based Management Audit at 30 locations throughout India ASM Technologies Limited, Bangalore Management Audit of receivables, product pricing and budgetary control Partner Profile M. SIMHACHALAM - About 60 years experience in the firm - Expertise in Individual and Firm Taxation and Tax Audits A. RAMABRAHMAM About 50 years experience in the firm Expertise in Corporate Taxations, Individual and Firm Taxation, Settlement Commissions, Search and Seizure Cases Previously, Chairman, Southern India Regional Council, Institute of Chartered Accountants of India A. V. SADASIVA About 38 years experience in the firm Expertise in Corporate Taxations, Individual and Firm Taxation, Settlement Commissions, Search and Seizure Cases Expertise in Corporate Laws, Indirect Tax Laws Formerly, Director, Bank of India Presently, Director, Coastal Local Area Bank Ltd M. R. VIKRAM About 34 years experience in the firm Expertise in Forensic & Investigation Audits Expertise in Corporate Finance, Mergers and Acquisitions, Corporate Restructuring and Rehabilitation, Syndication of Equity and Loans, Advise on Nature, Timing and Pricing of Public Issue Instruments Expertise in Statutory Audits, Systems Evaluations, Special Investigations etc., Formerly, Reserve Bank of India Nominee Director of Bank of Rajasthan Formerly, Chartered Accountant Director, Indian Overseas Bank and member Managing Committee, Chairman Audit Committee

8 Partner Profile (Contd..) Formerly Director, Indian Bank - Chairman of the Audit Committee and Member of the Management Committee Previously, Treasurer, Southern India Regional Council, Institute of Chartered Accountants of India Regular speaker in various Seminars and conferences on Capital Market and related issues Member Special Task force, Andhra Pradesh Professional Development Committee, ICAI Member, Committee on WTO and Trade laws, Institute of Chartered Accountants of India, New Delhi Trustee & Secretary & Treasurer, M.Venkatarangaiya Foundation a leading foundation engaged in pioneering work in child literacy in Andhra Pradesh. The work is both nationally and internationally acclaimed as the most significant effort in child literacy from India in the last 10 years V. JAGANNADHAM About 34 years in the firm Qualified DISA auditor Expertise in Individual and Firm Taxation and Tax Audits Currently involved in the Risk Based audit of ING Vysya Bank Ltd M. V. RANGANATH About 27 years in the firm Expertise in Statutory Audits, Internal Audits, Concurrent Audits, Special Audits and Tax Audits. Expertise in Corporate, Individual and Firm Taxation Expertise in Implementation of Management Control and Information Systems. Expertise in drafting, JV agreements, Project feasibility studies, Employee stock Option plans etc., Formerly, Director of HSE Securities Ltd Presently, Director, State Bank of India, Local Board, Andhra Pradesh S. VENKATESWARLU About 24 years in the firm Qualified CISA & DISA auditor Independently handled investigations reporting to RBI and IDBI

9 Partner Profile (Contd..) Trained to implement ERP systems with expertise in Financial Accounting packages. Expertise in Statutory and Internal Audits M. V. PRASANNA About 20 years in the firm Partner in charge of tax audits of the Firm B. V. SURESH KUMAR About 12 Years in the firm R. SIVARAMAN About 12 years in the Firm 25 years of post qualification experience in: Bank Branch Inspection Audits Risk Based Internal Audit of Bank Branches Vigilance activities Bank branches IS Audit Risk & Compliance audit of Demat Activities Internal Audit of Corporates Training Finacale (CBS) modules Faculty ICAI K. SUBBULAKSHMI About 7 years in the firm 20 years of post qualification experience in: Company Audits Bank Audits Internal Audits International Taxation