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PAMS & ASSOCIATESChartered Accountants

FIRM PROFILE01-09-2009

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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

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PAMS & ASSOCIATES- Synopsis

1. YEAR OF ESTABLISHMENT........................................................................... 19852. NO OF PARTNERS…………….………………………………………………....103. NO OF QUALIFIED ASSOCIATES…..………………………………………….104. NO OF ARTICLES SEMIQUALIFIED………………………………………...…155. OTHER AUDIT ASSISTANT & STAFF...…………………………………...…...606. NO OF BRANCHES………………………..………………………………...……..47. NO OF ASSOCIATED OFFICES..…………...……………………………...……...2

8. PROFESSIONAL STRENGTH.

PARTICULARS PARTNERS ASSOCIATES OTHERSFellow Member 8 1Associate Member 2 5 1Bachelor in Law/LLB 4D.I.S.A. 5Master in Computer Application 1Collective Experience > 125 Yrs > 20Yrs > 7 Yrs

9. CLIENT REPRESENTATIONPARTICULARS MNC PRIVATE

COMPANIIESPUBLIC SECTOR/BANKS

Statutory Audits Internal Audits Tax Audits Concurrent Audits Tax Advisory Tax Litigation IFRS Compliance & Reporting

10.MAJOR AREAS OF PRACTICESL. NO. PARTICULARS1 STATUTORY AUDIT2 INTERNAL AUDIT AND RISK ADVISORY3 TAX AUDIT4 TAX ADVISORY AND LITIGATIONS5 REPORTING, RECONCILIATION AND AUDIT UNDER IFRS6 INTERNATIONAL TAXATION AND TRANSFER PRICING7 ADVISORY ON MERGER, AMALGAMATION & RESTRUCTURING8 CAPITAL STRUCTURING, FINANCING AND NEGOTIATIONS

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About PAMS & Associates- AREAS OF PRACTICE

PAMS & Associates is an established CA firm with Char te red Accountan ts and o ther Prac t ic ing profess iona l inc lud ing lawers and company secre ta r ies in India with head office at Bhubaneswar. The core areas of practice of the firm are:-

Corporate Audits- Statutory, Tax, InternalCorporate Taxation- Advisory, LitigationConsolidation, 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 ssues under FEMA & EXIM Laws;

Advisory on 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; L icens ing , Pa tent , Copyr ight ,

Trademark and Other IPRs 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.

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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

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Details of major Corporate & Secretarial services offered by PAMS & Associates.

Sr. No. Particulars

1 Providing Secretarial Audit services for Compliances under the Companies Act, 1956 for various clients.

2 Advising (end to end) Mergers. De-mergers and Amalgamations for a number of clients

3 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.

4 Compounding offences by the Regional Director/Company Law Board under Section 621A for various non-compliances under different provisions of the Companies Act, 1956.

5 Obtaining approvals from the Central Government for the appointment of Managerial Persons and for Managerial Remuneration.

6 Obtaining approvals of the Central Government under Section 297 of the Companies Act, 1956 in respect of contracts in which Directors were interested.

7. Handling transactions relating to transfer/transmission of shares in specific situations.

8. Assisting clients in various transactions in preparing and negotiating Shareholders Agreements and Share Purchase Agreements.

9. Assisting our clients in other Corporate Secretarial matters like:-

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 Due Diligence exercises on the target companies being acquired.

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 2 5 o f C o m p a n i e s A c t .

Representative services in respect of Corporate Taxation

(Advisory & Litigation)

Service Tax, Sales Tax (Central & Local), Works Contract Tax & VAT

Details of some Corporate Tax assignments handled by PAMS & Associates

Sr. No. Particulars

1 Conducted Due Diligence for Compliances under the Income Tax Act and Service Tax laws

2 Advised on direct tax issues as a consequence of specific M&A transactions.

3 Provided routine direct & indirect tax legal opinions to a host of clients on day to day functioning and specific situations and interpretations

4 Assisted clients in around 40 Central Excise and 45 Service Tax Registrations

5 Advised clients on various CENVAT Credit issues including Input Services

ABOUT THE PARTNERS & ASSOCIATES

• Advisory

Registration Tax planningAudit & Due

Diligence Double Taxation Withholding Tax Appearances before

the Departmental & Above Authorities.

• 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

PRAMOD KUMAR MISRA

Chartered Acccountant

Age and EducationAged 50 yearsPost Graduate in Commerce from Utkal University;Graduate in Law from Utkal University

Additional qualificationsPost Qualification Diploma in Information System Audit.

Professional AffiliationsFellow 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 EducationAged 38 yearsGraduate in Commerce from Utkal University;


Professional ExperienceMr. 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


Age and Education

Aged 45 yearsGraduate in Law from Utkal UniversityPost 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 ExperienceMahesh has experience of about 20 years in Corporate, Commercial & Taxation litigation.He has an interesting combination of exposure in corporate restructuring, process re-engineering and tax planning also as an arguing tax consultant.

SUDHIR KUMAR DASH


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).


Associate Member of the Institute of Chartered Accountants of India.


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 c o n v e r g e n c e i n t o G l o b a l A c c o u n t i n g S t a n d a r d s c a l l e d I F R S i n c l u d i n g t r a n s i t i o n , r e p o r t i n g a n d a u d i t . H e a l s o i s i n s t r u m e n t a l i n a d v i s i n g I n t e r n a t i o n a l t a x i s s u e s i n c l u d i n g t h e 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


Age and EducationAged 39 yearsGraduate in Commerce from Utkal University;DISA from Institute of Chartered Accountants of India.




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


Age and EducationAged 37 yearsBachelor’s degree in Commerce Ravenshaw College.




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


Age and EducationAged 40 yearsMaster degree in Commerce form revenshaw College;



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


Age and EducationAged 28 yearsGraduate in Science from Utkal University;


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


Age and EducationAged 36 yearsMaster’s degree in Commerce from Revenshaw College.Graduate in Law Utkal University;DISA from the Institute of Chartered Accountants of India.



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


Age and EducationAged 31 yearsGraduate in Commerce.

Professional AffiliationsAssociate Member of the Institute of Chartered Accountants of India.


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 Limited2. Idcol Kalinga Iron Works Limited3. Bhagya Residency Pvt. Ltd.4. Nilachal Ispat Nigam Limited5. 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 Ltd10.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. Limited19. Singhania Oxygen Pvt. Ltd.13. M.M. Medicare Pvt. Ltd14. 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 Limited22.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 Coalfields28.Dianabandhu29.Om Enroutes Pvt. Ltd.30.Cabella Mkt. Pvt. Ltd.31.Ost Farming India Pvt. Ltd.32.Purotech Home Appliances Private Limited33.Myinfo Service Private Limited.34.Dadri Commercial Private Limited

NGO/CHARITABLE TRUSTS

1. Acharya Harihar Das Memorial Trust2. Rama Krishna Bhaba Prachar Samity3. Indian Cancer Society4. Shanta Memorial & Rehabilitation Centre5. Om Motors and Tractors6. Aditya Engineering Services7. Sidhartha Distributors8. Capital Traders9. Orissa Dance Academy10.Konark Natya Mandap11.Orissa Women’s Voluntary Services.12.Surya Medical and Research Centre13.Cuttack Branch of EIRC of ICAI14.Career Point

STATUTORY BRANCH AUDITORS

1. New India Assurance Ltd2. National Insurance Co Ltd3. Andhra Bank4. Cuttack Gramya Bank5. Allahabad Bank6. UCO Bank

7. Central Bank of India8. Union Bank of India9. State Bank of India10.United Bank of India

RETAINER FOR SECRETARIAL WORK

1. Bank of Baroda2. Union Bank of India3. Ambica Granites Pvt. Ltd.4. Systems Technology International Ltd.5. Prashant Dairy Farming Pvt. Ltd.6. Hitech Iron Pvt. Ltd.7. Syndicate Land & Mines Pvt. Ltd.8. MJS Communications LLP.9. Blaser Swisslube India Private Limited.

CONCURRENT AUDITORS

1. UCO Bank2. United Bank of India3. Bank of Baroda4. Bank of India5. Karnatak Bank6. Oriental Bank of Commerce7. UTI Bank

SPECIAL AUDITS AND INVESTIGATIONS

1. Stock Auditors of National Aluminium Company Ltd.2. SMBC Capital India Private Limited-Basel-II Advisory and MIS3. ONGC- Consultancy on Withholding Tax and Service aspect4. IILM Group of institutions- Accounting and Compliance advisory.5. Dealer Network Auditors of Maruti Udyog Ltd.6. Dealer Network Auditors of Arvind Garments Ltd.

7. Tax Consultants to Satyam Computer Services Pvt. Ltd.8. Consultants to System Technology Int. Limited9. Special Investigating Auditors of IDCO Ltd.10.Stock Auditors of Orissa Small Industries Corp. Ltd.11.Stock Auditor of State Bank of India12.Stock Auditor for Paradeep Phosphates Ltd.13.Jumbo Electronics Private Limited- Tax Consultancy14.East Cost Enterprises15.Subas Jewellers16.Statutory Auditors of DRDA , Sonpur17.MehraGoel & Co- Consultancy on International Taxation and

Service Tax

INTERNAL AUDITS

1. Orissa Bridge and Construction Corporation Ltd.2. Addas Pharmaceuticals Limited3. Grid Corporation Of Orissa Ltd.4. Mahanadi Coalfields Limited5. Paradeep Phosphates Limited6. Jayadev Minerals Private Limited7. Tripty Drinks Private Limited8. Orissa State Industries Corporation Limited9. The Samaja10.Dinabandhu Steel & Power Limited11.HyperQuality India Private Limited12.Pristine Biotech13.Shree Sairaj Biotech14.Sergi Transformer Explosion Technologies Private Limited

CONTACT US

For any further information, details, clarifications etc., please feel free to contact theUndersigned Partner :-

Sudhir Kumar DashPartner

PAMS & ASSOCIATESChartered Accountants

274, Third Floor Masjid Moth, South Ex-IINew Delhi — 110 049India

Tele- 91-11-41055260

Mobile: 91-98107 67117Mail: [email protected]

[email protected]

Weblink: www.pamsassociates.com

http://www.pamsassociates.com/

mailto:[email protected]

mailto:[email protected]

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