FIRM HANDBOOK AJSH & Co LLP
We provide real world solutions to complex business issues through our services Efficient I Innovative I Cost Effective 2
About Us
About AJSH AJSH & Co LLP ( AJSH or we or us ), is an independent firm of Chartered Accountants and Business Advisors with its corporate office situated at New Delhi, India. AJSH has been established with the objective of providing wide range of services including Accounting and Bookkeeping, Audit and Assurance, Tax and Regulatory, Business consultation and Corporate Law. Our dedicated team of qualified and accomplished professionals and wide variety of services ensures that our client gets everything under one roof. AJSH consists of seven partners along with team of 120+ professionals with varied specialized skills. With more than 300 satisfied clients across the globe, AJSH takes pride to be one of the most trusted service partners by its clients. Our Vision AJSH is committed to be a leading multidisciplinary business consulting organization, providing services with high level of trust and integrity. We believe in offering top quality services to our global clients. Our Values Provide value-driven results to our clients; Provide quality services to clients through team of best people; Uphold the highest professional standards and provide sound advice; Strengthen our reputation as trusted business advisers; and Win and maintain trust of all business associates and employees. 4
Our Network AJSH is a team of highly qualified and experienced consultants from diverse professional fields and expertise consisting of: Chartered Accountants having extensive experience of Accounting, Bookkeeping, Audit, Tax and regulatory, Corporate Finance, Physical Verification and Business Advisory; Company Secretaries having experience of handling corporate and regulatory matters for various organizations; Certified Public Accountants (CPAs), Lawyers, MBAs; and Other experienced accounting professionals. Our team represents a coalition of professionals geared to offer sound financial solutions and advices. Registrations: ICAI (India), PCAOB (US) Certification: ISO 9001:2008 Size: 120+ (Chartered Accountants, Company Secretaries, Certified Public Accountants (CPAs), Lawyers, MBAs) Alliances: TIAG and UTN Key Clientele s Location: India, USA, Africa, Australia, Europe, Hong Kong, Japan, China, Malaysia, Singapore & Thailand Head Office: New Delhi, India Partners: Ankit Jain, Siddhartha Havelia, Manvi Arora, Chandramani Goel, Gautam More, Mehak Taneja and Rajeev Ranjan In addition, AJSH also has a strong business network with professional firms (such as legal, accounting, HR, tax and business advisory) across locations in and outside India. 5
What makes us Unique? We are fiercely passionate about what we do. We achieve this through our focus on clients, our longterm commitment to our people and values, our global footprints and financial stability. Our clientele ranges from start-ups to large established business houses that operate across the globe in various sectors such as real estate, IT sector, pharmaceutical, automobile, manufacturing, finance, etc. We have given the MNCs, enterprises and other professional firms more than one reason to work with us: Large platform of accounting and taxation services under one roof; Tailor made solutions with focused attention; Proactive approach to eliminate problems; A perfect blend of state of the art technology and rich experience; and Honesty, transparency and fairness in all our dealings. Thus, we can help you achieve: High level of accuracy Cost effectiveness Assistance from the experts 6
Our Journey An Overview 2008-2010 (Initial Phase) Focus on strengthening the core Executed PAN India projects with 30+ clients Registered with PCAOB, USA Audited 1st US listed company 2011 2013 (Growth Phase) Getting a stronger foot hold Professional strength crosses 50 with 100+ clients Became ISO 9001:2008 certified Became a member firm of TIAG, getting firm s foothold in Western Countries 17 countries from Africa added to International practice 2014 2017 (Current Phase) Difference makers for our clients Professional strength crosses 100 with 300+ ongoing clients Global footprint in countries across US, Europe & Asia Pacific Added 2 new business streams: International book-keeping and accounting services Tax services for US, UK, Australia, Canada and Singapore Became a member firm of UTN, expanding firm s presence in taxation internationally Peer review clearance* Involved in Audit Engagement for 10 US listed companies *Peer review evaluation of professional work by regulatory authorities and board working in the same field. 7
AJSH- a global player 8
Our Leadership Team
Ankit Jain Specialization and Experience Managing Partner M: +919810661322 E: ankit@ajsh.in Ankit is a Bachelors in Commerce from Delhi University and a fellow member of Institute of Chartered Accountants of India, New Delhi. He is also certified in IFRS and Forensic Accounting and Fraud Detection. He is the co-founder of the firm. Prior to being associated with AJSH, Ankit worked with the Big 4 accounting firms (Pricewaterhouse Coopers India and Canada) and MNCs (American Express, India and Japan). Ankit carries extensive professional experience in various fields of financial advisory including tax and regulatory advisory, transactions advisory, valuations, inbound and outbound investment structuring, accountancy, audit and assurance. He possesses a profound public accounting experience for more than 17 years. He has been a member of Technical Committee of ICAI for updating the existing Accounting Standards on the basis of corresponding Indian Accounting standard. His professional experience includes: Providing transactions support services including investor/ target identification, feasibility analysis, due diligence, valuations, transactions structuring and other support services; Investment advisory services including setting up joint ventures in India, fund raising, transactions structuring as well as entry and exit strategies; Statutory audit of major corporates in industries such as telecom, real estate, finance, infrastructure and aviation; Advising on Indian corporate tax, regulatory matters and international transactions; Assistance in SPAC transactions; and Setting up business in India. In addition to above, Ankit is a USGAAP and IFRS expert and has also assisted clients in SEC and SEBI filings. 10
Siddhartha Havelia Specialization and Experience Managing Partner M: +91 9811325385 E: siddhartha@ajsh.in Siddhartha is a Bachelors in Commerce from Delhi University and a fellow member of Institute of Chartered Accountants of India, New Delhi. He is also certified in accounting software like QuickBooks, Xero, FreshBooks, Wave, Zoho Books. He is the co-founder of the firm. Prior to being associated with AJSH, Siddhartha worked with Big 4 accounting firms (Pricewaterhouse Coopers India and Grand Thorntan, India) and MNCs (American Express, India). Siddhartha carries extensive professional experience in drawing business plans, outsourcing financial and accounting processes, viability studies, valuations and due-diligence. He leads the international accounting practice of the firm. He has more than 16 years of work experience. He is a Six Sigma Green Belt certified and has accredited various certificates from all his previous employers for his invaluable contribution to the business processes. He also mentors his teammates by conducting trainings for Accounting Standards, USGAAP and IFRS convergence, deferred taxation, impairment of assets and other technical matters. His professional experience includes: Providing support services to foreign clients in drawing business plans, accounting and bookkeeping; Assisting clients from US, UK, Australia, Singapore & Canada with their tax filings; Foreign investment advisory services; Working with major corporates in industries such as manufacturing, retail, information technology, telecom, real estate, finance and infrastructure; Providing assistance in project financing and private equity; Managing SOX audits, financial and legal due diligence, process reviews and system assurance; and Valuations of tangibles and intangibles. In addition to above, Siddhartha has also provided assistance to corporates in Merger and Acquisitions of companies from value consolidation perspective. 11
Manvi Arora Manvi is a fellow member of Institute of Chartered Accountants of India and a Masters in Commerce from Delhi University. She is engaged in variety of assignments with various clients from telecom, manufacturing, trading and real estate industries from US, UK and Australia. With the total work experience of 8 years, Manvi leads the team of Taxation and Financial Accounting in the firm. Chandramani Goel Chandramani is a qualified Chartered Accountant from Institute of Chartered Accountants of India and is also a Bachelors in Commerce. He has been involved with several assignments relating to internal audit, taxation and management support services to clients from telecom and manufacturing industries from India, US and Australia. He has more than 6 years of work experience. Gautam More Gautam is a fellow member of Institute of Chartered Accountants of India. He has 16 years of work experience and was a part of Big 4 Accounting Firm. He has worked as the Financial Controller with 6+years of cross-functional expertise in accounting, budgeting, management reporting, statutory reporting, regulatory compliance, working capital management, taxation, statutory and tax audits. 12
Mehak Taneja Mehak is a qualified Chartered Accountant from Institute of Chartered Accountants of India and a Bachelors in Commerce. She has been involved with several assignments relating to statutory audit, tax audit, direct and indirect taxation. With the total work experience of 8 years, Mehak handles ROC/ tax compliances and tax planning for the domestic clients of the firm. She has assisted various clients in their business setups including company incorporations & registrations in India. Rajeev Ranjan Rajeev is a qualified Chartered Accountant from Institute of Chartered Accountants of India and also a Company Secretary (Exe). With his 11 years of work experience, he leads the team for accounting and taxation for domestic and international clients. He handles planning, reporting, and liaison with client in connection to the international accounting. He is also certified in Quick Books and Intermediate Financial Module. Yitesh Bhalla Yitesh is a Certified Accountant, ACCA (The Association of Chartered Certified Accountants) from BPP University College, London. Along with a advance diploma in CIMA from London School of Business and Finance, London. He also holds a degree in Sustainable Performance Management from Manchester Metropolitan University, Manchester. He handles a team responsible for managing the clients from real estate, manufacturing and e-commerce. He is also certified in Quick Books, Intermediate Financial Module, Business and Language. 13
Service Offerings
Our Services Accounting & Bookkeeping Services Audit & Assurance Services Tax & Regulatory Services Transaction Advisory Services USGAAP/ IFRS Consulting Shares Services / Business Process Outsourcing Business Setup services Others Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 15
Accounting & Bookkeeping Services We offer comprehensive accounting services to companies who wish to outsource their accounting functions. We can help you with: Statutory bookkeeping Maintaining statutory records & accounting records Monthly closing of books Accounting reconciliations Consolidations of group businesses Accounts Receivables Accounts Payables Audit preparations Tax viz. withholding tax & indirect tax compliances Monthly or quarterly assistance in preparing output accounting reports Consolidated reporting services Financial reports for board meetings Preparation of forecasts & projections Cash flow management Cash flow budgeting and forecasting Accounting system implementation Payroll processing 16
Audit & Assurance Services We provide assurance services to our clients for ensuring the best practices and compliance with the regulatory requirements. Our assurance services include: Statutory audit & certifications Internal & concurrent audits Tax audits Process / Transaction audit Management / Operational audit Propriety audits Audits of internal control & security systems Stock audit Due diligence Forensic / Risk audit Fraud investigation & dispute services Auditing of special balance sheets relating to business reconstructions, reorganizations, mergers and liquidations Conversion of financial statements to IFRS/ Ind-AS USGAAP / PCAOB Audit Assistance & support for start-up, expansion and acquisition transactions Financial analysis of reports Framing of accounting policies & procedures 17
Tax & Regulatory Services We understand that a judicious tax planning can give a cutting edge advantage over the competitors vis-a-vis value maximization. Successful tax planning is an inseparable part of business and investment planning that must be managed year-round. That s why we integrate tax planning services into our overall role as financial advisors. We offer wide array of regulatory services ranging from advisory to compliance services. Direct Tax Corporate Tax: We assist organizations in tax compliances and litigations. We also provide opinion on complex tax issues, review of tax strategy vis-à-vis business strategy, tax planning for mergers and acquisition and corporate reorganization. Personnel Tax: We manage tax computation for tax withholding, advance tax and tax filing purposes. Our team has experience of representation before revenue authorities. In our NRI desk, we also provide assistance in obtaining various registrations for non-residents such as registration with FRRO, PAN etc. Indirect Tax: Assistance in obtaining various registrations and routine compliances. International Tax: Assistance in preparation of transfer pricing documentation and representation in litigations. We also provide assistance in tax compliances in various jurisdictions. Tax Planning: We offer tax planning services for domestic and cross border transactions to built efficient tax structure for the clients. 18
Transaction Advisory Services We appreciate that finances are of utmost importance to you. When it comes to money, it always pays to be on strong footing. We ensure availability of best deals to our clients with our commercial experience and vast network in funding community. Thus, we understand the business need for consolidation and value maximization. We can successfully provide support and advisory services to an entire corporate finance project or undertake projects for specific elements. Our services include: Partner / target identification Business & equity valuation Financial & tax due diligence Transaction structuring Transactions support, negotiation & closing issues Mergers & acquisitions Financial modeling Tax consulting 19
USGAAP / IFRS Consulting AJSH is registered with PCAOB, United States of America to perform audits for SEC (Securities Exchange Commission) filings. Our team is highly experienced and knowledgeable in IFRS & USGAAP standards. We can assist you particularly in providing services concerning: First time adoption of US GAAP / IFRS Preparation of complete financial statements and consolidated financial statements in accordance with US GAAP / IFRS Audit of financial statements prepared under US GAAP / IFRS Accounting guidance for specific transactions Preparation of reporting for management needs and for consolidation purposes in accordance with US GAAP / IFRS SOX 404 audit & compliance 20
Shared Services/ Business Process Outsourcing AJSH works with clients as a strategic partner in their business and offers services on an hourly, fixed fee, or retainer basis and help organizations to reduce and control operating costs while improving focus on the key issues of running the business. Our services include: Setup assistance Recording of financial transactions Accounts Receivable management Accounts Payable management Reporting and compliance Inventory management Taxation Financial & analytical support Budgeting & forecasting Mentoring & training Scanning & folder management Maintaining cash flow Job costing Transition services Payroll processing Data entry 21
Business Setup Services We provide services to help our clients for the initial setup and formation of the business entities. Our services include: Formation of business entities Registrations with various authorities Business entry advisory services Preparation & filing of incorporation documents Identifying the suitable form of business Drafting of charter documents (MOA/ AOA) Assistance in Trade Mark & IP registration Secretarial and administrative support Post incorporation services (audit, taxation, bookkeeping etc.) 22
Others Other important services provided by AJSH include: Physical verification & reconciliation Primary research (surveys & market study) Human Resource support Temp resource Recruitment services Management consulting Business setup services across geographies Secretarial services Fixed Assets management Inventory management Virtual office Resident directors 23
Why us AJSH has brought together a team of highly qualified and experienced consultants from diverse professional fields and expertise who understand the rapid changes taking place in the global business environment. Understand & Setup We focus on the demands of our clients and combine all our skills, technical knowledge and expertise to deliver the best possible solutions. We deploy the right mix of people and best-in-class technology to meet our client s needs. Our team is capable of using following software: Financial Software: SAP, Oracle, QuickBooks, Xero, Zoho Personnel Accounting Software: Quicken, Mint Billing & Invoicing Software: FreshBooks, Bill.com Payroll Software: Intuit, Paychex, Gusto, Wells Fargo Property Management Software: AppFolio, Propertyware, Buildium Tax Software: Genius, TaxAct, TurboTax, IRIS, Digita, VT Asset/ Inventory Management software: WIMS Deliver Feedback & review 24
Our Credentials
Select Credentials More than 10 SEC listings / FINRA Broker Dealer / PCAOB Audits Extensively worked in Africa in more than 16 countries Over 200 clients in shared services division from US, UK, Australia, Singapore and many other countries Worked for 5 SPAC transactions FDI transactions with cumulative value of $200 million Working with all the major telecom giants (12) in India Covered telecom audits for over 800 thousands locations over last 10 years Expertise in all major accounting packages used across the globe 26
AJSH & Co LLP C-7/227, Sector-7, Rohini New Delhi- 110085 T: +91-11-4559 6689 E: info@ajsh.in W: www.ajsh.in Mr. Ankit Jain M: +91-98106 61322 E: ankit@ajsh.in Mr. Siddhartha Havelia M: +91-98113 25385 E: siddhartha@ajsh.in Thank You!! DISCLAIMER: The contents of this presentation are confidential and intended for the named recipient(s) only. It shall not attach any liability on the originator or AJSH & Co LLP or its affiliates. Any form of reproduction, dissemination, copying, disclosure, modification, distribution and / or publication of this message without the prior written consent of AJSH & Co LLP is strictly prohibited. If you have received this presentation in error please delete it and notify the sender immediately.