Transcript F.R.A.N.T.S. & Co. Chartered Accountants

F.R.A.N.T.S. & CO.
CHARTERED ACCOUNTANTS
Our Foot Print
“ Provide
Unsurpassed Service
which adds Premium
Value to our Clients”
Introduction
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Established in 1979 we, F.R.A.N.T.S. & Co. Chartered Accountants, have the
requisite expertise along with a strong local knowledge base and a professional
team.
We believe in delivering real value to our clients, we have the foresight, to
anticipate and the capabilities, to address the emerging challenges arising from
globalization and ever changing business environment.
We provide a comprehensive range of business services in the areas of audit and
assurance, taxation & advisory.
We are operating through seven branches covering all the major locations of
Pakistan and an international location in Kabul, Afghanistan.
Who Are We ?
VISION
To be among the leading audit,
accountancy, taxation and advisory
firms providing relevant, sufficient
and prompt services with the
highest ethical, professional and
legal standards.
Who Are We ?
MISSION
To provide unsurpassed services of the
highest quality, which adds premium
value to our clients’ businesses, through
a team empowered with diverse
experience so that challenges of
globalization can be met.
Partners
S. No
Name
1
Abdul Rauf
2
Farooq Dandia
3
Zulfiqar Nasir
4
Ejaz Rathore
5
Tausif Ilyas
6
Muhammad Talib
7
Nouman Khan
8
M. Faheem Rauf
9
Zeeshan Ali
10
Mahmood Saeed
11
Qamar Mumtaz
Total Experience in Years:
Qualification
FCA
FCA
FCA
FCA
FCA
FCA
FCA
FCA
FCA, FCCA
FCA
ACA
Years of
experience
32
26
22
22
18
17
14
11
9
9
4
184
Branches - Pakistan
Karachi
Partner In Charge
504, 5th Floor, Business Plaza,
Abdul Rauf Ayoob
Mumtaz Hasan Road,
Karachi.
Telephone: +92 (021) 3244 4471
Branches - Pakistan
Islamabad
Partner In Charge
32, Block 8, School Road
Ejaz Hussain Rathore
F-6 Super Market, Islamabad, Pakistan
Telephone: +92 (051) 2825775
Branches - Pakistan
Peshawar
Partner In Charge
8th Floor, State Life Building,
Zeeshan Ali
The Mall, Peshawar Cantt.
Telephone: +92 (091) 5279691
Branches - Pakistan
Sialkot
Partner In Charge
2nd Floor, Riaz Plaza
Zulfiqar Ahmed Nasir
Paris Road, Sialkot, Pakistan
Telephone: +92 (052) 4265194
Branches - Pakistan
Lahore
Partner In Charge
65/1, Garden Block, New Garden Town
Nouman Razaq Khan
Lahore – 54600, Pakistan
Telephone: +92 (042) 35860176
Branches - Pakistan
Multan
Partner In Charge
327-B, Gulgasht Colony, Multan, Pakistan
Muhammad Talib
Telephone + 92 (061) 6750328
Branches - Pakistan
Kabul
Partner In Charge
House # 3, Street 5, Sailo Road,
Qamar Ali Mumtaz
Kabul, Afghanistan
Telephone: + 93 - 799 – 195344
Affiliations
ASNAF
We have affiliation with ASNAF, which is a group of
accounting firms of the ASEAN region.
FIDUNION
We are a part of FIDUNION International which is a
grouping of independent accounting firms from
Europe, America, Africa, Asia and Middle East.
FIDUNION has recently merged with Polaris and
IGAF to become the third largest association of
independent accounting firms in the world.
Affiliations
Pakistan Mercantile Exchange
We are on the Pakistan Mercantile Exchange (PMEX) Panel of Auditors courtesy
of which we can carry out audits of brokerage houses.
State Bank of Pakistan
We are Enlisted on the State Bank of Pakistan’s Panel of Auditors through which
we can carry out audits of Banks, non-banking financial institutions and asset
management companies.
Stock Exchange
We are also on the Panel of Auditors of Stock Exchanges of Pakistan through
which we can carry out statutory audits of listed companies & modarabas and
system audits of brokerage houses.
Accreditations & Training
Partnerships
Approved training Organization for:
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Institute of Chartered Accountants of
Pakistan;
Institute of Chartered Accountants of
England & Wales,
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ACCA (Gold Category Employer), UK;
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CIMA, UK.
Our firm was subject of a review by the
ICAEW with respect to staff training
and development in which we were
highly appreciated.
Staff Numbers
Designation
Numbers
Partners
Managers
Supervisors/Seniors
Graduates
Other Professionals
Admin
11
15
26
54
30
16
Total
152
Ranking – Partner wise
Ranking
Firm
Partners
1
A.F. Fergusons & Co. (PwC)
38
2
KPMG Taseer Hadi & Co.
(KPMG)
28
3
Ford Rhodes Sidat Hyder
(E&Y)
27
4
Anjum Asim Shahid Rahman
(Grant Thornton)
12
5
F.R.A.N.T.S. & Co.
11
Ranking – Location wise
Ranking
Firm
Offices
1
F.R.A.N.T.S. & Co.
7
2
Avais Hyder Liaquat Nauman
(RSMi)
7
3
Nazir Chaudhri & Co.
6
4
M. Yousuf Adil Saleem & Co.
(Deloitte)
5
5
A.F. Fergusons & Co. (PwC)
4
Services We Provide
We follow a multidisciplinary approach considering quality control
compliance through our professional staff to ensure the best service can be
provided. Following is a list of our areas of expertise:
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Audit & Assurance
Advisory
Taxation & Corporate Services
Audit and Assurance
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Statutory Audit
Internal Audit
Cost Audit
Due Diligence
Information Audit
Advisory
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Financial Planning &
Consultancy
Gap Analysis
Feasibility Study
Acquisition, Takeovers &
Mergers
Disinvestment
Joint Ventures
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Corporate Restructuring
Business Problems Diagnostics
Business Process Reengineering
Transaction Advisory Services
Business Valuation
Setting up Foreign Branches
Human Resource Advisory
Taxation & Corporate Services
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Direct & Indirect Taxes
Income Tax
Sales Tax
Corporate & Business Tax
SESSI & EOBI
WWF & WPPF
Personal Tax Planning
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Tax on Services
Incorporation & Formation
Winding up & Liquidation
Secretarial & Corporate
Compliance
IPO
Tax Audit
Services Provided through Associates
Through our associates, we provide the
following services:
 Privatisations
 Securitisations
 Mergers and amalgamations
 Intellectual property / trademarks &
patents
 International Investment
International Exposure
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Worked at ABV Rock Group KB, a Swedish venture based at Riyadh.
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Worked at Arabian Education & Training Group.
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Worked with European Union grant at Shikarpur District.
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Worked with International Organization for Migration (IOM) and to UN-HABITAT
Pakistan.
Worked for Lagan Construction Limited, UK for their joint venture for the construction of
New Benazir Bhutto International Airport, Islamabad.
Worked for METRO AG’s management in setting up its Pakistan operations.
Coordinated with China Petroleum Engineering Construction Company on behalf of
Engineering Kinetics for finalization of sub-contract for engineering works in oil fields of
Sudan.
International Exposure
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Coordinated with Ranhill, Malaysia on behalf of DDFC Group for execution of JV
for Engineering, Supply, Construction and Commissioning of Adhi LPG/NGL Plant.
Assisted Engineering Kinetics, Pakistan for execution of Joint Venture with OZEST,
Saudia.
Coordination with Tobishima Corporation, Japan for execution of sub contract for
construction of water filtration plant in Faisalabad.
Conducted financial & systems review of five partners of Oxfam Novib, an
international donor, in Punjab, Sindh & Baluchistan.
Provided assistance in formation of representative office of DF Deutsche Forfait AG,
Germany in Pakistan.
Experiences, continue..
Experience with Donor bodies
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USAID
World Bank;
European Commission;
Global Fund
Cordaid;
Agence Française de Development
(AFD)
MISFA
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DANIDA;
Norwegian Church Aid (NCA);
Intercooperation / SDC;
Christian Aid;
Oxfam/ Novib;
GIZ;
Ministry of Foreign Affairs,
Holland (BUZA)
Experiences, continue..
IMPORTANT ASSIGNMENTS
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Performance Based Grants Contract (PPG)
Performance based Partnership Grant (PPG)” is funded by USAID and implemented jointly through
World Health Organization (WHO) and MoPH. The project consisted of 16 organizations
implemented 26 different clusters in 13 Provinces. The total budget for the audit was around USD
25 million per year. These projects related to the running and maintenance of health facilities at
various levels in the target areas.
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PERFORMANCE BASED PARTNERSHIP AGREEMENT (PPA)
Performance based Partnership agreement was funded by World Bank and was implemented
through Grant and Contract management Unit of MoPH. Terms of reference included a sample of
four projects implemented by 3 lead partners for the period from March 2004 to June 2007 with
the total expenditure of approximately USD 22 million.
Experience continue..
IMPORTANT ASSIGNMENTS
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Audit of SHARP and AHAPP projects funded by World Bank (On going Audit)
SHARP and AHAPP projects are funded by World Bank and implemented through
MoPH. AHAPP project was implemented through 7 implementing partners while SHARP
project is being implemented by 5 implementing partners. With the total expenditure of
approximately USD 42 million. These projects related to the running and maintenance
of health facilities at various levels along with HIV interventions in target areas
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Audit of “Programme For Returnees Reintegration & Community Support In
Afghanistan” having contract No. AFG/AIDCO/2002/0466
The basic purpose of this project was to assist in the settlement of returning Afghan
refugees in the areas of Health, education, agriculture and rural rehabilitation. The
consortium was led by DACAAR and was implemented by 5 International organizations
Experience continue..
ANNUAL AUDIT ASSIGNMENTS
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Hope Worldwide, Afghanistan;
Norwegian Refugee Council, Afghanistan;
Coordination of Humanitarian Assistance (CHA);
Merlin Afghanistan.
Intercooperation Representation Office- Afghanistan (ICRA)
Cordaid- Afghanistan office
Den Denske Afghanistan Committee (DAC);
Coordination of Rehabilitation Development Services for Afghanistan (CRSDA)
Christian Aid.
IbnSina Public Health Programme for Afghanistan;
Internal Quality Control
Our firm places great emphasis on quality so that our clients receive the best
possible services. Vital to this is the internal system of quality control which helps
maintain a constant level of excellence in services.
EQCR
A hierarchy has been developed
which ensures value addition in the
Partner
audit assignment at each step of the
way and it is as follows:
Manager
Job Incharge
Audit Staff
Advantage of F.R.A.N.T.S. & Co.
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Among Top firms of Pakistan.
Experienced & able partners who have the capability to address challenges arising
from globalisation.
Having truly national presence with offices in all the major cities of Pakistan.
Both National & International offices having considerable experience in handling
International projects & Clients.
Partners are committee members of Accounting & Tax Bodies of the country, They
are also the active members of International & national Business Chambers.
Authorized trainers for ICAP(PK), ICAEW(UK), CIMA(UK) & ACCA(UK).
THANK YOU.