PROFILE OF

J.P.J. ASSOCIATES
CHARTERED ACCOUNTANTS

Offices at:

Mumbai
2/C/46, Shri Rajendra Society,
Govind Nagar, Borivali West,
Mumbai – 400 092.

Pune

“Gangadhar”, 567 Shivajinagar

Behind Congress Bhavan,
Pune – 411 005.
Profile of J.P.J.Associates, Chartered Accountants

ABOUT OUR FIRM

Our Firm J. P. J. ASSOCIATES, Chartered Accountants is registered
with the Institute of Chartered Accountants of India.

Our firm is registered on 5th December, 1992

The firm operates from the following locations:

Registered Office: 2/C/46, Shri Rajendra Society, Govind Nagar,

Borivli (West), Mumbai – 400 092.

Mumbai Administrative Office: 46, Shrikrishna Nagar

Borivali East, Mumbai – 400 066.

Pune Branch Office: “Gangadhar”, 567, Shivajinagar,

Behind Congress Bhavan, Pune 411 005

Telephone Nos. : Mumbai: (022) 28975829, 9821466771, 9821466772

Pune: (020) 25532130, 98900 49986

Email : jpjassociates@rediffmail.com
jpj@jpjassociates.com

Web site www.jpjassociates.com

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Profile of J.P.J.Associates, Chartered Accountants

OUR TEAM

PARTNERS

Names, Qualifications and Experience of Partners

1. Pravin R. Deshpande, Fellow Chartered Accountant and

commerce graduate. Member of the Institute of Chartered
Accountants of India since 1991. He is registered valuer under section
34 AB of the Wealth Tax Act.

2. Jitendra R. Gore: Fellow Chartered Accountant and commerce

graduate. Member of the Institute of Chartered Accountants of India
since 1991. He is registered valuer under section 34 AB of the Wealth
Tax Act.

3. Jayendra B. Nigade: Fellow Chartered Accountant and commerce

graduate and law graduate. Member of the Institute of Chartered
Accountants of India since 1991

4. Shilpa P. Deshpande: Fellow Chartered Accountant and

commerce graduate. Member of the Institute of Chartered
Accountants of India since 1996.

5. Gita Patwardhan: Associate Chartered Accountant and commerce

graduate. Member of the Institute of Chartered Accountants of India
since 2007

6. Sandeep Padawe: Associate Chartered Accountant and commerce

graduate. Member of the Institute of Chartered Accountants of India
since 2009

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Profile of J.P.J.Associates, Chartered Accountants

Other Associates

In addition to above we have associate chartered accountants and other

professional to carry out the specialized assignments:

1. Sudhanwa Kalamkar, practicing Company Secretary, registered

with the Institute of Company Secretaries of India.

2. Siddharth Sinkar, Practicing Chartered Accountant registered

with the Institute of Chartered Accountants of India.

3. Prakash Patil, Sales Tax practioner, registered with the Sales Tax
Practisioner’s Association, Mumbai.

4. Bedmutha group of companies” (Chartered Engineers &

Project Advisors) VALUATION ASSIGNMENTS at state
and central government level.

Staff Strength of the Firm

SR.NO PARTICULARS NO.OF. PERSONS

1 Semi-Qualified Two

2 Article Clerks Eight

3 Office Clerks Five

TOTAL Fifteen *

*In addition to these members some additional staff members are appointed on purely temporary basis as
and when necessary.

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Profile of J.P.J.Associates, Chartered Accountants

QUALITY SERVICES

Our firm is bound to provide the quality services with the

professionally qualified staff and adhering to the professional
and auditing standards.

The peer review of the firm is recently conducted without any

qualification by the Peer Review Board of the Institute of
Chartered Accountants of India.

Senior Partners are registered valuers under section 34 AB of the

Wealth Tax Act and eligible to carry out valuation services.

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Profile of J.P.J.Associates, Chartered Accountants

AREAS OF SERVICE
1. AUDIT ASSURANCE SERVICES

2. MANAGEMENT ASSURANCES SERVICES

3. CORPORATE, FINANCIAL AND LEGAL

ADVISORY

4. TAXATION SERVICES

5. ACCOUNTING SERVICES

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AREAS OF SERVICE

OUR FIRM IS INVOLVED IN FOLLOWING INDICATIVE AREAS

OF SERVICES

1. AUDIT ASSURANCE SERVICES :

Following Assurance Services are provided by us:

a. Statutory Audit of Companies, Trusts, etc.

b. Tax Audit of Companies, Firms, Individuals, etc.
c. Internal Audit
d. Audit under VAT, Central Excise, etc.

Our focus areas apart from the statutory compliances are applying
creative approach and advanced techniques in auditing for better
controls and suggest for efficient operations, controls at various
levels, management consultancy for systems and performance
improvement.

Statutory Compliance includes compliance with the regulations under

various laws, assurance of the accounting standards, auditing
standards applicable, independent review of internal controls,
accounting systems, external evidences, etc.

Reporting include Statutory Reports as suggested under the law and

Management Report for suggestions for improvement in the
accounting and control systems, hence help in ensuring better
corporate governance.

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2. MANAGEMENT ASSURANCES SERVICES

include the following :

a. MIS AUDIT
b. Review of Control Systems
c. Special Investigative Audit
d. Due Diligence Services
e. Concurrent Audits
f. System Process and Control Review
g. Risk Evaluation and Analysis

We assist in effectively managing business risks by ensuring Flawless Processes,

Effective Controls and Complete Compliance to Internal and External Policies,
Guidelines and Regulations. These services are tailored to meet individual needs
and provide effective support to management in meeting the challenges and
opportunities presented by today's complex business environment.

Our services enable our clients to effectively coordinate key growth with the
quality and the operational challenges faced by them

Review internal control structures, perform special reviews, conduct internal

audits, make recommendations for corrective actions of unsatisfactory conditions,
report findings to the Board of Directors and senior management, assist with
improvements in operations and reductions in costs, monitor vendor contracts for
compliance with contractual terms, and review all applicable laws and regulations
for all projects and operations.

Advising the Manager of the Audit Committee in designing annual audit plans,
assign audits to staff and supervise progress, advising senior management and the
Board of Directors on special projects, attend Special Committee meetings as
management representative, and perform internal and operational audits and also
special investigations including risk assessments.

Experience in budget, cost and accounting analysis, reporting, and strategic

planning in corporate positions. Expertise in strengthening internal controls to
improve forecasting, investments, financial reporting, cost accounting, and overall
performance of operations. Arrange Staff training programmes for complex
accounting and control procedures.

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3. CORPORATE, FINANCIAL AND LEGAL

ADVISORY
Include:-

a. Valuations
b. Project Finance
c. Corporate Financial Planning
d. Statutory Compliances under various laws such as Companies Act,
Indian Public Trusts Act, including formation of Companies,
Trusts, Partnership Firms, Limited Liability Partnership Firms, etc.

Two of our partners are registered as VALUERS under section 34AB

of the Wealth Tax Act.

We prepare project report for the purpose of finance. We also assist in

corporate financial planning, capital structuring, restructuring, etc.

We advise and assist clients for selecting the appropriate type of entity
considering the legal, taxation issues.

We have Experience in budget, cost and accounting analysis,

reporting, and strategic planning in corporate positions. Expertise in
strengthening internal controls to improve forecasting, investments,
financial reporting, cost accounting, and overall performance of
operations. Arrange Staff training programmes for complex
accounting and control procedures.

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4. TAXATION SERVICES include :

a. Corporate and personal Tax Compliances
b. Tax Planning relating to Direct and Indirect Taxes
c. Non Resident Tax Advisory Services
d. Transfer Pricing

Taxation needs professional skill of the highest degree. We keep track

of frequent changes and modifications made in the direct tax and
indirect tax rules from time to time to be able to guide aptly in tax
planning, documentation and represent the cases skillfully. We offer
pragmatic solutions to manage the affairs in the most tax efficient
manner.

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 Profile of J.P.J.Associates, Chartered Accountants

5. ACCOUNTING SERVICES includes :

a. Design and implement the accounting manual
b. Accounting Outsourcing
c. Advice on various accounting issues relating to Indian Accounting
Standards
d. Advice on maintenance of books of accounts

We develop and advice the suitable system of accounting considering

the need of business, complexity of business, Reporting requirements
of the Management, Statutory Compliance under various laws.

In today's scenario of globalization and technology convergence, the

process of doing business has been redefined. Outsourcing various
processes makes a lot of business sense. Most businesses and large
companies are outsourcing their accounting processes for better
management of their finances, and time etc. We undertake such
accounting processes for the management.
Performing full charge bookkeeping and account management
through financial statements and assembled documentation for year-
end audits and respond to auditors' inquiries. (In CAG – Govt. audits.)

SERVICE INCLUDES, BUT IS NOT LIMITED TO:

• Accounts Receivable and Billing - • Inventory Control

monitoring
• Budgeting and variance analysis • Controlling Banking transactions
• Accounts Payable – pre audits • Fixed Assets Analysis
• Bank Reconciliation • Automated Payroll
• General Ledger scrutiny • Financial Account Analysis and
monitoring
• Corporate Tax Status Reporting • Tax Procedural compliance and
control in legal
Compliance

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Profile of J.P.J.Associates, Chartered Accountants

ASSIGNMENTS HANDLED

GOVERNMENT AUDITS

VALUATIONS

BANK AUDITS

CORPORATE AUDITS, TAX AUDIT, TRANSFER

PRICING

CONSULTANCY ASSIGNMENTS

DEPOSITORY PARTICIPANT (DP) - NSDL

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ASSIGNMENTS HANDLED

GOVERNMENT AUDITS AND

RELATED ASSIGNMENTS
GOVERNMENT COMPANIES STATUTORY AUDIT

INSURANCE
• DIVISIONAL AUDIT OF DIVISION 4 OF ORIENTAL INSURANCE
COMPANY LIMITED FOR 2001TO 2005 (4 YEARS)

AIRLINES
• AIR INDIA ENGINEERING SERVICES LTD. FOR
2006 TO 2007 (4 YEARS)
• AIR INDIA CHARTERS LTD. 2007-08, 2008-09
and 2009-10

MMRDA- Societies Audits

• We are statutory auditors for MMRDA societies -Maharashtra Nature Park

Society, MMR Environment Improvement Society, MMR Heritage Conservation
Society.

• We are also preparing and filing e-tds returns and regular tax returns of these
societies.

MSFC Provident Fund Audit

We are auditing this provident fund for last 3 years.

Partners have independent experience of handling internal audits of MTDC, MAIDC

during their training period and post qualification initial years and worked for
preparing Accounting and Auditing Manuals for MTDC.

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MMB – MAHARASHTRA MARITIME BOARD

• We have designed the internal reporting systems for all ports in Maharashtra for
effective monitoring of funds and internal controls at various locations and fast
and prompt information compiling for final accounts and head office. We
interacted with statutory auditors during finalizations and audits.

• Compilation of Fixed Assets Register for various locations at ports in

Maharashtra.

MMRDA- Mumbai Metropolitan Region Development Authority

• Mithi River desilting and widening project (Rs. 30 crores)
cost certification assignments.
• E-tds returns of MMRDA filed for 4 years
• Provide consultancy and give opinions on various taxation matters to MMRDA.

STATUTORY AUDITS: OTHER COMPANIES AND SEMI GOVERNMENT

ORGANIZATIONS

• Maharashtra Nature Park Society

• MMR Environment Improvement Society
• MMR Heritage Conservation Society
• MSFC Provident Fund.
• Commonwealth Chemicals and Electronic Industries P Ltd.
• Vasant Private Limited
• Sementex Spun Pipes Pvt. Ltd.
• Manek Skyline Aviation Private Limited
• Anjushri Tours and Travels Pvt Ltd.

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Valuations
Valuations of Sugar Mills of Uttar Pradesh (UP)
Government - assignment handled through “Bedmutha
group of companies” (Chartered Engineers & Project
Advisors)

21 UNITS OF:-

UTTAR PRADESH SUGARCANE CORPORATION

LIMITED

UTTAR PRADESH SUGARCANE CO-OPERATIVE

FEDERATION LIMITED

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BANK AUDITS
UNIQUE CODE NO. 64224
We have in-depth Experience for bank audits –

• Concurrent Audits
• Statutory Audits
• Revenue audits
• Stock audits
• Asset Verification and Valuation
• Credit Audits

Concurrent Audits

Bank Year Branch

Bank of India 2005-06 Mumbai Main Branch (advance more than Rs.
1000 Crores)
2006-07 Mumbai Main Branch
2007-08 Mumbai Main Branch
2006-07 Depository Participant office
2007-08 Depository Participant office
1998-99 Borivli (West) Branch
1999-2000 Tardeo Road Branch
Bank of Maharashtra 1999-2000 Borivli (West) Branch
2000-01 Borivli (West) Branch
2001-02 Napean Sea Road Branch
2008-09 Mumbai Central
2009-10 Shree Krishna Nagar Branch
Central Bank of India 2001-02 Khar Branch
2002-03 Khar Branch
2010-2011 Colaba Causeway ( Extra Large Branch )

Statutory Audits

Bank Year Branch

Union Bank of India 1996-97 Borivli (West) Branch
Mandpeshwar Road Branch
Dahisar (East) Branch
1997-98 Kandivli (East) Branch
Malad (East) Branch

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1998-99 Borivli (West) Branch
Dahanukarwadi Branch
1999-2000 Dahisar (East) Branch
Mandpeshwar Road Branch
2000-01 Borivli (West) Branch
Chembur (West) Branch
Goregaon (East) Branch
Vijaya Bank 2004-05 Palghar Branch
Thane (West) Branch
2005-06 Madgaon Branch
Vasco Branch
Panajim Branch
2006-07 Chembur Branch
Ghatkopar Branch
Kalyaninagar Branch
2007-08 Vashi Branch
Ghatkopar Branch
Overseas II - Branch
2008-09 Malad West
Santacruz West

Revenue Audits, Stock Audits

Revenue Audits Stock Audits/credit

audits/assets
verification

Bank of India, Khopoli Branch Bank of Maharashtra, Nariman

(1999-2000) Point Branch.
Bank of India, Khalapur Branch Empanelled on :-
(1999-2000) Allahabad Bank
Bank of Maharashtra (2010-11) Bank of India
Vasai, Nalasopara branches Cosmos Co-op. Bank
Canara Bank
State Bank of India (for
Maharashtra and Goa)

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CORPORATE SECTOR AUDITS, TAX

AUDIT, TRANSFER PRICING
ASSOCIATED WITH M/S. G.N. JOSHI ASSOCIATES,
CHARTERED ACCOUNTANTS FOR:

STATUTORY AUDITS, TAX AUDITS,

TRANSFER PRICING AND RELATED
ASSIGNMENTS OF:-
• TATA INTERNATIONAL LTD.
• TATA INTERNATIONAL – DLT (JOINT
VENTURE)
• FORVOL TOURS LTD.
• TCS GRATUITY AND
SUPERANNUATION FUND
• SNP Shipping Group of Companies
• FORBES

INTERNAL AUDITS OF:-

• TATA PROJECTS LTD.
• TCE CONCULTING ENGINEERS LTD.
(TATA GROUP)

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CONSULTANCY ASSIGNMENTS

• Income Tax of Companies, Firms, Trusts,

Individuals, etc.
• Company Law registrations, formations, compliance
for companies
• Sales Tax and VAT
• Budgeting and financial projections analysis for
International School projects (EDUCATIONAL
PROJECTS)
• VAT AUDIT, Central Excise and service tax

SPECIAL ASSIGNMENTS
• Maharashtra Maritime Board for 1999-2000
• Maharashtra Maritime Board for 2000 to 2003
o Compilation of Accounts
o Preparation of Fixed Assets Register
• Mahanagar Gas Ltd.
o Preparation of Fixed Assets Register
• Preparation of Project Reports for educational institutions set-ups
(EDUCATIONAL PROJECTS)
• NEW ERA SCHOOL.
o Financial Due Diligence

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DEPOSITORY PARTICIPANT (DP) -

NSDL
Depository Participant office (DP) – Audit as per NSDL
Requirements
Bank of India – Depository Participant Office (DP)
(D-mat account handling procedures and related systems audit etc.)

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