NPV & ASSOCIATES Chartered Accountants

ISO 9001:2015 CERTIFIED

MUMBAI, INDIA

CORPORATE PROFILE

ABOUT NPV & ASSOCIATES 3

Strategic Highlights 3

Brief Profile 3

Firm’s Vision 5

Firm’s Values 5

Firm’s Services & Solutions 6

SERVICES & SOLUTIONS 7

For Companies Established / Planning To Establish In India 7

For Companies / CA Firms Outside India Wishing To Outsource

Operations To India

8

For Non Resident Indians 8

For Indian Entities Looking To Establish Business In Foreign Countries 8

APPROACH & METHODOLOGY 9

Approach to Audit 9

TEAM CREDENTIALS 10

Partners’ Profile 10

Other Key Management Personnel’s Profile

10

CONTACT INFORMATION 11

Table of Contents

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ABOUT NPV & ASSOCIATES

Strategic Highlights

NPV & Associates is a Chartered Accountants’ Firm since 1989 and is a leading service provider

to Business Enterprises in the field of Audit & Assurance Services, Taxation & Compliance

Services, Corporate & Labour Law solutions and Finance, Valuation & Management solutions.

The Firm is well equipped with a dedicated Team of Professionals and High End Infrastructure

Facilities which provides it with a wider perspective for service delivery and helps effectively

to respond to the clients’ complex business challenges with a broad range of solutions across

industry sectors.

The team of NPV & Associates consists of balanced mix of experienced and young talent. They

have a rich & wide experience in the field on Auditing, Taxation, Management Consultancy,

Project Finance, Company Law, Management Audit and Banking Services.

In addition to this, the Firm has a fine blend of professionals like Company Secretaries, Cost

& Works Accountants, Lawyers, Bankers and Management Graduates in its team. The team is

competent to carry out complex assignments related to Finance, Banking & Insurance Sector

and to provide, bouquet of Financial Services, ranging from auditing to consultancy under

one roof to all the clients.

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Brief Profile

Sr.

No.

Particulars Details

1 Name of the Firm: NPV & Associates

2 Constitution: Partnership Firm

3 Address of the Office: Head Office: NPV House, D – Chanakya, Mahavir Nagar

New Link Road, Kandivali (W), Mumbai – 400 067, India.

Ph. No. +91 22 – 2967 8231-38

Branch Office: 109, Arista, Sindhu Bhavan Road,

Pakwan Cross Road, Bodakdev, Ahmedabad – 380 059.

Ph. no. +079 – 4891 6611

Branch Office: Jamna Nivas, Bachhraj Plot,

Amravati (M.S) 444 601.

Ph. N0. +0721 - 2567 114

4 Landline Nos.: +91 22 – 2967 8231 – 38

5 E – Mail Id.: npv@npvca.in, suchita@npvca.in

6 Website: www.npvca.in

7 Date of Establishment: 10th June, 1989

8 Registration No. Of the Firm: 129408W

9 RBI Registration Number (UCN)

and Category:

898669 Category I

10 Name and Mobile Number of

Partner of the Firm for contact:

Milan Chitalia - +91 98201 10987

Suchita Shah - +91 98208 75018

11 Peer Review of the Firm: Peer Review Certificate dated – 18th December, 2018

12 Certificate: ISO 9001 : 2015 Certificate No:- 3056 dated 5th March,

2018

13 Whether any Disciplinary

Action by ICAI pending against

any member of the Firm?

N.A.

14 Member In: Indo-Canadian Business Chamber

Indo-Australian Chamber of Commerce

15 Team Strength: A) Qualified Professionals:

a. Partners: (8)

b. Other CA/ Professionals: (8)

B) Former Bank Officers / Executives:(3)

C) Articles: (32)

D) Other Employees: (41)

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Firm’s Vision

To play a pivotal role in building robust business relationship between India and Foreign Countries,

by providing quality services to businesses established in both the countries and focusing on

delivery of quality services, following highest professional standards and ethical practices.

Firm’s Values

At NPV and Associates, we are incredibly conscious and careful to have a value system in place for

our employees and clientele alike and we go above and beyond the call of duty to ensure that we

adhere to them at all times. Our responsiveness is usually unmatched. The quality of our work is

of only the highest ever standards and our synergy with the Clientele is a model in itself.

Professionalism

• Maintaining integrity in relationships

• Maintaining confidentiality in work

Responsiveness

• Delivering satisfactory, prompt and efficient service to the clients

• Ensuring continuous improvement in the processes and operations

Quality

• Persistent emphasis on quality

• Ensuring compliance to the applicable legal & statutory requirements

Stakeholders

• Utmost emphasis on client’s requirements within the regulatory framework

• Providing growth oriented and progressive work culture to the employees

• Establishing and maintaining symbiotic relations with stakeholders

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Firm’s Services & Solutions

NPV & Associates provides a host of Services and Solutions to its clients. The Firm’s services are

designed to strengthen the Company’s (or any other entity’s) ability to identify, assess and manage

business risks within a challenging and ever-changing industry and regulatory environment and

provide the Management with relevant and timely financial data to make quick and well-informed

decisions. The services are currently divided as below:

Services Basket

A. FOR COMPANIES ESTABLISHED / PLANNING TO ESTABLISH IN INDIA

• Incorporation & Business License Advisory and Registration in India

• Audit & Assurance Services

• Compliance Advisory Services

• Finance, Valuation and Management Services

B. FOR COMPANIES / CA FIRMS OUTSIDE INDIA WISHING TO OUTSOURCE OPERATIONS TO INDIA

• Outsourcing Operations

• Taxation Advisory

C. FOR NON-RESIDENT INDIANS

• Taxation Advisory of Property Transactions

• Tax Advisory on Indian Income

D. FOR INDIAN ENTITIES LOOKING TO ESTABLISH BUSINESS OUTSIDE INDIA

• Assistance in identifying Foreign Business Partners and Professionals

• Advisory on project feasibility analysis and business set-up in Foreign Countries

• Advisory on most efficient collaboration between the Indian and Foreign Partners

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SERVICES & SOLUTIONS

For Companies Established / Planning

To Establish In India:

Audit & Assurance Services

• Statutory Audit as per Companies Act, 2013

• Tax Audit Under the Income Tax Act, 1961

• GST Audit as per the applicable provisions

• Bank Audit as per the Banking Regulation

Act, 1949 and related regulations

• Internal Audit as per the relevant Statutory

and Legal Environment and Company’s

Policies and Legal Framework

• Other Audits Like Inventory Audit,

Operations Audit and Transactions Audit

Finance, Valuation and Management

Services:

• Business valuation required at the time

of restructuring of companies, which

may involve mergers, demergers and

amalgamations

• Valuation purchase/sale/acquisition of

company

• Due Diligence and Fraud Detection Services

• Transaction Advisory Services and Mergers &

Acquisition

• Book-keeping Services

Compliance Advisory Services:

A. Tax Compliance Services [Direct as well as

Indirect Taxes]

• Registration

• Filing of Returns

• Advisory on Transaction wise Tax

Implications

• Advisory on Property Transactions of NRI

• Tax Planning

• Departmental Representations

• Litigation Services

B. Corporate Law Compliance

• Corporate Law Advisory Services

• Company Incorporation Services

• Secretarial Services for Company Law

Matters

• Representations to Company Law Board

C. FEMA Compliance Services

• Advisory of Inbound / Outbound

Investments

• Advisory & Compliance w.r.t. Inward &

Outward Remittances

• Advisory Services on Double Taxation

Avoidance Agreements and its

implications

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For Companies / CA Firms Outside

India Wishing To Outsource Operations

To India:

A. Outsourcing Operations

• Book Keeping Services

• Filing Of Income Tax Returns

• Financial Data Analysis

B. International Taxation Advisory

For Non Resident Indians:

A. Taxation Advisory of Property Transactions

B. Tax Advisory on Indian Income

For Indian Entities Looking To Establish

Business In Foreign Countries:

A. Assistance in identifying Foreign business

partners and professionals

B. Advisory on project feasibility analysis and

business set-up in Foreign countries

C. Advisory on most efficient collaboration

between the Indian and Foreign Partners

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Understand the Business and Review

the Systems used in the Operations

Review of Internal Control Systems / Framework

Study the Reports by other External Auditors and Professionals,

Assess Risk and Develop Strategic Audit Plan (if available)

Execution and Discussion with Management

Reporting and Recommendations for

Improvements if required

APPROACH & METHODOLOGY

With our experience and best practices collected from inspection and auditing services and

extensive research into accounting science and industry knowledge, our team is able to deliver

high quality services. Our approach is built on our several years of experience emerged from the

assignments executed for our clients. The affiliation enables us to deliver world-class accounting

and auditing services consistently, seamlessly, globally and in accordance with the demanding

client service standards.

The Firm is committed to provide solutions for any kind of complex issues, as our important focus

is getting a deep understanding of the business objective & goals of the client and the purpose of

the assignment. We always believe in providing the best results to our client, with the help of our

knowledge of regulatory framework and auditing practices and by virtue of the past experience of

our team members of more than 3 decades.

Approach to Audit

Pictorial presentation of methodology followed is discussed here as under:

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TEAM CREDENTIALS

Partners’ Profile

Partner’s Name Qualification Expertise Experience

Harish Sheth FCA, BCom (Hons.) Compliance Advisory

Services (Direct & Indirect

Taxes)

More than 40 years

Nitin Goradia FCA, BCom, LLB Representations Services

(Direct Taxes)

More than 30 years

Milan Chitalia FCA, BCom Corporate Finance and

Business Restructuring

More than 16 years

Poorvi Chitalia FCA, BCom Individual Taxation (Direct

Taxes)

More than 14 years

Rakesh Waghela FCA, DISA, CWA, BCom Cross Border Transactions

Advisory, Compliance

Advisory Services

More than 7 years

Suchita Shah FCA, CS, MCom, Dip IFRS Audit & Assurance Services More than 7 years

Priyal Shah FCA, BCom Advisory on Systems

Improvements, Audit &

Assurances Services

More than 5 years

Akshay Jain ACA, BCom Taxation (Direct & Indirect),

Audit & Assurance Services More than 4 years

Other Key Management Personnel’s Profile

Name Qualification Expertise Experience

Pankaj Savla BCom, Diploma in Labour

Laws

Compliance Advisory

Services (Labour Law)

More than 25 years

Prabhakar

Kulkarni

BSc, LL.B, C.A.I.I.B, Dip.

In I.R.& P.M.

BFSI Advisory Services More than 35 years

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CONTACT INFORMATION

Milan Chitalia

Managing Partner

Suchita Shah

Partner

Tel +91 98201 10987

milan@npvca.in

Tel +91 98208 75018

suchita@npvca.in

NPV & ASSOCIATES Chartered Accountants

www.npvca.in

Mumbai H.O.:

NPV House, D-Chanakya,

Mahavir Nagar, New Link Road,

Kandivali (W), Mumbai - 400 067, India.

Tel.: +91 22 2967 8231 - 38

Ahmedabad:

109, Arista, Sindhu Bhavan Road,

Pakwan Cross Road, Bodakdev,

Ahmedabad - 380 059.

Tel.: +079 - 4891 6611

Amravati:

Jamna Nivas,

Bachhraj Plot,

Amravati (M.S.) - 444 601.

Tel.: +0721 - 2567 114