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Capability Statement
We are the ‘Best Friend’ of in Rwanda and currently implementing the Grant Thornton software and standards to become a member firm.
Nambiar Associates
Certified Public Accountants
Web:nambiarassociates.com
1 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Contents
Vision, Mission and Values 2
The Firm 3
Overview 4
Firm Strength 5
Client Service Standards 12
Clientele Information 14
Audit & Assurance 18
Tax Advisory 19
Financial Advisory and Other Services 20
Contact Us 23
2 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Values
Integrity
Objectivity
Competencies Commitment
Strength from cultural
diversity
Vision, Mission & Values Vision
To be among the leading audit, accountancy and
advisory firms. To achieve the Standard of
Excellence.
To be highly respected by the community of
Stakeholders and become the first choice of them.
Mission
To support and guide clients to achieve success in
their business by acting as their trusted business
advisors.
To provide quality, cost effective, personalised
and innovative business solutions to meet the
changing needs of our clients.
Empower our manpower through continuous
professional development to face the dynamic
global changes.
Values
3 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
The Firm
Introduction Nambiar Associates (Certified Public Accountants) is one of the Rwanda’s leading professional services firms who provide audit, tax, enterprise risk services, financial advisory and consulting to a wide range of local and multinational clients. Nambiar Associates was registered in 2003 as a firm of Chartered Accountants in Public Practice and registered in ICPAR when it formed in 2009. The firm is registered with all regulatory authorities relevant to its line of work. The firm has since grown to acquire a respectable niche in the market place. The firm is presently under evaluation by an international firm to join hand with them and expected to be part of the International Accounting Firm in the near future. The firm was established in 2003 and it has become one of the leading professional service firms in Rwanda (East Africa). The firm is providing services to over 150 clients including both multinational and local companies. The firm has significant presence across manufacturing, services, commercial, financial
and public sector entities in the country. The firm has a workforce of more than 30 peoples. Our staffs include more than eight qualified professional accountants, financial expert and other technically qualified persons. We are registered with Rwanda Development Corporation (RDC No: RC 8298). We are also registered with Rwanda Revenue Authority (TIN and VAT: 101780461)
Nambiar Associates has
served more than a
decade of highly
admirable professional
services to the Nation.
We bring the world
class capabilities and
deep local expertise to
help clients succeed in
their goals.
We deliver high quality
services by combining
the best local and
international resources.
4 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Overview We Nambiar Associates, Certified Public Accountants, have the expertise along with a strong local knowledge base, and a professional team to deliver. We are well positioned to provide the best advice on how to compete more effectively. We believe that in order to deliver real value to our clients, we must 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, IT Services and a wide range of Advisory Services. We are committed to the business community in Rwanda in particular and East Africa in general, with a vision to provide accurate and concise financial information to the management at the right time, so vital for decision-making. The firm also aims at providing management with Financial and Analytical data to facilitate easy and correct decision-making. Rwanda has witnessed tremendous change in Industrial policy with liberalisation of economy. With this, competition has also increased calling for cost control and timely management decision for achieving set targets, proper feasibility study, reliable Financial Information, Internal Audit, Cost control, and monitoring optimum Human Resources, proper financing for Capital Investment and working capital are identified as the key areas to the success of any enterprise. Even in Government organisations cost control and adequate planning are called for healthy competition with private sector. We have something to offer for the Government organisations as well as for the private sector as can be seen from the services offered given in the next page
WORK METHODOLOGY
All work is carried out in accordance with International Accounting and Auditing Standards. In addition to this, all work complies with the quality standards set out by our quality assurance procedures.
All engagements are planned thoroughly at the outset with the proper input of all
engagement personal starting from the Partner level, including Managers and all field staff.
All work carried out by field staff is thoroughly reviewed at Managerial level and
thereafter at Partner level, and all reports are signed only by Partners. No other staff member is authorized to act as signatory to any report or document expressing an opinion on any matter.
All tax consultancy engagements are handled at Partner level with merely the
compliance issues being delegated to managerial and support staff.
5 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Firm Strength Nambiar Associates has a managing team of highly professional and qualified partners and more than 25 professional trainees and staff, fostering extensive professional knowledge. The blend of Qualifications that our team holds ranges from Chartered Accountancy; Internal Audit, IS Audit (CISA), and Chartered Accountancy (ACCA, ICAI and ICPAR). The partners of this firm:
1. N.R. Raghavan Nambiar, FCA, CPA(R),CPA(K)
2. Sasikumar R. Nambiar, FCA, CPA(T)
3. Vishnu Maya R. Nambiar, ACCA, CPA(R), CPA (K)
N.R. Raghavan Nambiar, FCA, CPA(R), CPA (K).
He is the founder and managing partner in Nambiar Associates. He has possessed more
than three decade of admirable experiences in financial and advisory services, specializing
in Management Consultancy, Corporate secretarial services, and Tax Consultancy. He has
been residing in Rwanda for the last fifteen years and well versed in Rwandan commercial,
Labour and Tax laws.
He earned Master degree of Commerce from University of Kerala (India) and also Bachelor
Degree of commerce from the same University. He is a member of The Institute of
Chartered Accountants of India (ICAI) since 1986 and become a Fellow member of ICAI in
1992. He is also a Founder member of The Institute of Certified Public Accountants of
Rwanda (ICAPR).
He has been a Chartered Accountant in public practice since 1982 in India and thereafter
in Rwanda since 2002. He has gained thirteen years experiences in India and twelve
years’ experience in Rwanda as practicing CA.
He possesses rich experiences of management level or second management level. He has
four years’ experience in Construction and Real Estate Company as Chief executive. He
earned four years experiences as a member of the Board of directors in a Plantation
Company and five years’ experience in manufacturing industry in which three years as
General Manager and two years as Director Finance and administration.
6 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Sasikumar R. Nambiar, FCA, CPA(T)
He is a Fellow member of the Institute of Chartered Accountants of India (ICAI) and a
member of the Institute of Certified Public Accountants of Tanzania (ICPAT). He is a
member of ICAI since 1984.
He possessed Bachelor Degree in Economics from University of Kerala (India).
He earned 10 years of experience with international audit and consulting firm Horwath
Tanzania and Grant Thornton Tanzania as Audit Principal.
He holds IFRS Diploma at Association of Chartered Certified Accountants (ACCA), UK.
7 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Vishnu Maya R. Nambiar, ACCA (UK), CPA(R), CPA (K)
She is an Audit partner in Nambiar Associates since 2005. She has qualified ACCA at the
age of 21 and passed all papers in the first attempt. She earned position fourth world wide
in one paper and thirteenth in another paper. She was first in most of the papers in
Rwanda and was first in East Africa in four papers.
She is a founder and also youngest member of The Institute of Certified Public Accountants
of Rwanda (ICPAR). She has been working with Nambiar Associates for the last Seven years
in different capacities and gained a rich experience in Assurance and Audit, Financial
Services, Tax advisory Services, Accounting, Budgeting, Fund Management, Statutory
Compliance/liaison, feasibility studies of various projects.
She is eligible person for B.Sc. (Hons) in Accounting from Oxford Brookes.
8 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
C. B. Keshav, ACA, CS, CPA(R)
He possessed Bachelor Degree in Commerce from Jai Prakash University, Bihar (India). He
is an Associate member of the Institute of Chartered Accountants of India (ICAI). He
gained chartered accountancy status at the age of 21 and passed all papers in the first
attempt. He has also earned Company Secretarial-ship degree from the Institute of
Company Secretaries of India (ICSI) and scored All India 20th Rank in the exam.
He is one of the youngest members of the Institute of Certified Public Accountants of
Rwanda (ICPAR).
He is currently pursuing to ACCA (UK) and CIA (USA). He is in the final level of ACCA study.
He has gained more than five years of post and pre-qualification highly professional
experiences in Auditing, Management Consultancy, Accounting, IFRS Reporting and
Financial and Operations Management.
Atul Singhal, ACA, CPA(R)
He holds Bachelor Degree in Commerce. He is an Associate member of the Institute of
Chartered Accountants of India (ICAI).
He is also a member of the Institute of Certified Public Accountants of Rwanda (ICPAR).
He has seven years rich experience in Auditing and Assurance, Securities Market, Forex
Transactions, Investment Advisory Services.
9 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
SRAWAN KUMAR PANDEY, ACA, CPA(R)
He is an Associate member of the institute of Chartered Accountants of India (ICAI). He
earned bachelor degree in commerce from the Delhi University (India).
He is also a member of the Institute of Certified Public Accountants of Rwanda (ICPAR).
He possesses seven years of experience in Audit, accounts and financial services. He
earned a very rich exposure in audit of PSUs and Bank audits.
CA SUNNYKUMAR MATETI, MBA, ACA, CPA(R)
He holds a Master’s Degree in Business Administration. He is an Associate member of the
Institute of Chartered Accountants of India (ICAI).
He is also a member of the Institute of Certified Public Accountants of Rwanda (ICPAR).
He has six years rich experience in Auditing and Assurance, Securities Market, Forex
Transactions, Investment Advisory Services.
10 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
SHEREENA WILSON P, B.Tech Engineer (CS)
She is a B.Tech Engineer (Computer Science). She has five years of hands-on experience in
leading a team of developers to analyse and custom develop solutions that help companies
streamline their operations.
She was worked with NT Global, System and Solution as Project Coordinator from March
2006 to May 2009.
She is associated with Nambiar Associates since August 2009 as IT and Technical Advisor.
She is also pursuing to ACCA (UK).
11 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Our Supportive Team Members
Our human resource strategy is to develop and deploy best capabilities in each of the
service area. Our local forces are equipped with requisite skills and specialism to support
our clients in their constant changing business environment. They have working knowledge
in audit, accounts and other supportive areas.
Left to right: Mbonyinshuti Peter, Muturutsa Etienne, Ntakarutimana Aime Bienvenue,
Habumuremyi Vincent, Zaninka Florence, Uwambayingabire Cecile, Uwabera Aline, Bataliza
Peter, Mwungura Jacques
Name: Habumuremyi Vincent
Role: Tax Consultant
Qualification: He holds a Bachelor degree in Accounts
Work Exposure: He has earned more than 23 years of
experience in the field of accounts, tax compliance and
advisory services. He has earned eight years of experience in
National Bank of Rwanda (BNR).
Name: Vipin Raj
Role: Auditor
Qualification: Bachelor degree in Commerce from Kerala
University (India). He is currently pursuing to ACCA, UK.
Work Exposure: He earns 5 years of experience in Internal
Audit, accounts. He earned a very rich exposure in internal
audits.
12 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Audit and Assurance •Statutory Audit
•Internal Audit
•Independent Controls
•Process Assurance Management Audit
•Information Audit
•Cost Audit
•Due Diligence
•Provident Fund Audits
Taxation •Direct Taxes
•Indirect Taxes
•Corporate and Business Tax
•Executive & Individual Tax
•Consulting Corporate and Business Tax Compliance
•Personal Tax Planning
•Tax Review Audit
•Staff Retirement Taxation
•Sales Tax/ VAT
•Tax on services
Advisory and Other Services •Company formation and incorporation
•Corporate Restructuring
•Computerisation & Information Technology
•Budgets and Forecast
•Management Consultancy
•Financial Consultancy
•Business Advisory
•Acquisition and Take over
•Winding up & Liquidation
•Crisis Management
•Quality Management Systems
•Business Problem Diagnostics
•Management Review
Client Services Standards We have a rigorous set of client standards. These standards are followed throughout the firm to
ensure quality service to all our clients.
Our philosophy is to strive continuously to:-
Serve the needs of our clients and add value
Provide development of our professional staff
Provide a wide range of high quality services
Provide a genuine value proposition to our clients for fees charged
Strive to promote compliance with all legislative issues.
We follow multidisciplinary approach considering the quality control compliance through our
professional staff to ensure the best service of the following:
A. Audit and Assurance
B. Taxation
C. Advisory and Other Services
13 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Sector we serve:
Hydro Electric Power projects,
Mining and quarrying
Drilling & Exploration
Farming
Irrigation & Agriculture
Exporters-Importers
Educational Institutions
Manufacturing Roofing Sheet
Manufacturing Textile
Manufacturing steel
Manufacturing Grain Milling
Manufacturing Furniture
Manufacturing Packaging
Manufacturing Beverages
NGO’s, Non Profit Making Organizations
IT Solutions, Software
Transporting
Clearing and forwarding
Lottery& Betting
Hotel and Restaurants, Resorts
Telecommunication
Travel agents
Tour Operators
Duty free shop
Furniture & Interiors
Architects & Designers
Photo Lab
Public Transport
Trading Educational Equipment supplies
Trading Computer & Accessories
ISP Providers
Trading Confectionary & Biscuits
Trading Generators and Machinery
Trading Pharmaceutical
Food, Beverages & allied
Health care & Hospitals
Leather & tanning
Surgical equipments
Transport & Communication
Real estate
Advertisement and Media
Natural resources
14 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Asian Countries
•China
•India
•Pakistan
•Singapore
•Sri Lanka
•Nepal
•Korea
European Countries
•Belgium
•France
•Germany
•Italy
•Russia
•Switzerland
•United Kingdom
•Netherlands
African Countries
•Rwanda
•Burundi
•DR Congo
•Egypt
•Ethiopia
•Kenya
•Mauritius
•Nigeria
•South Africa
•Tanzania
•Uganda
•Zambia
Others
•Canada
•United States
•Kazakhstan
•Israel
Gulf Countries
•Oman
•United Arab Emirates
•Lebanon
Clientele Information
We are dealing with more than 30 nationalities clients’ and providing them quality
services embedded with highly ethical and quality standards.
15 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
•UTEXRWA S.A [Textiles]
•SORWATHE LTD [Tea]
•TOLIRWA S.A [Roofing Tiles]
•PFUNDA TEA COMPANY [Tea]
•SAFINTRA [Roofing Tiles]
•SRB INVESTMENTS (RWANDA) LTD [Packing Materials]
•ONLY INFORTEL KOREA LTD
•FLEXI FOAMS LTD [Foam and Matresses]
•BAKHRESA GRAIN MILLING RWANDA LTD [Wheat Flour]
•IMANA STEEL RWANDA LTD [Steel]
•SAHASRA ELECTRONICS LTD [Energy Saving Lamps]
•INSTRUMENTATION ENGINEERS LTD [Machinery for Tea Industry]
•BAKHRESA GRAIN MILLING BURUNDI SPRL [Wheat Flour]
•MIKONI TERADERS LTD [Wheat Flour]
Manufacturing
•SPENCON INTERNATIONAL LTD
•SPENCON SERVICES LTD
•PREMIER BUILDERS RWANDA LTD [Builder]
•SUJITO CONSTRUCTIONS LTD
•JKK INTERNATIONAL AFRICA LTD
•CHINA GEO ENGINEERING CORPORATION
•VEKSONS RWANDA LTD
•MARA ISON RWAND LTD
Real Estate & Construction
•MEHATA ELECTRICALS RWANDA SARL [Electrical]
•TALKPOOL SEWRVICES LTD [Telecommunicational]
•INNOVIS TELECOM SERVICES LTD
•UST GLOBAL
•REIME RWANDA LIMITED [Telecommunicational]
•BROBUCO CONTRACTOR RWANDA LTD [Construction]
•PINNACLE SOLUTIONS LTD [Sun Flims]
•MUSCO LIGHTING RWANDA LTD [Lighting]
•EUREKA ELECTRO SOFT LTD [Telecom]
Contractors
•TRANSCLEAR SPEDAG LTD
•IMA RWANDA LTD
•SWIFT FREIGHT INTERNATIONAL RWANDA
•FRIEGHT REACH
•MULTILINES INTERNATIONAL LIMITED
Clearing and Forwarding
•COMPUTER POINT LTD [Software and IT Project Consultancy]
•GNYOSIS LTD [Trainning and Consultancy]
•VOXIVA [Software Consultancy]
•OTF GROUP [Software Consultancy]
•PAYODA AFRICA LTD [Software Consultancy]
•ARECA CONSULTING LTD [Software Consultancy]
•TECHNO BRAIN [Consultant and Trainning]
•NT Global SPRL Burundi [Satelite ISP Provide]
IT Solution, Software
Industry wise
16 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
•UNIVERSAL TRADING LTD [Wheat Flour]
•ETS HARJITH
•GLOBAL RWANDA LTD
•MARHABA MOTOR CYCLE PARTS [Motorbike Spareparts]
•NOORI AUTO PARTS [Motor Vehcile Spareparts]
•NM INTERNATIONAL RWANDA SARL [Alcoholic Beverage]
•NINA INTERIORS RWANDA LTD [Furniture etc.]
•LIFESTYLE CONCEPTS [Furniture etc.]
•FONE EXPRESS LTD [ Computer, Mobile etc.]
• CEMENT DISTRIBUTORS LTD [Cement]
• KVS ENTERPRISES LTD [Sanitary]
•CAR GENERAL LTD [Generators]
•SOCABELEC RWANDA LIMITED [Generators]
•COMCEL [Mobiles]
•SDC AFRICA LTD [Computer Accessories]
•QUENCH LTD [Computer Accessories]
•NITI COMPUTERS LTD [Computer Accessories]
•CEMENT DISTRIBUTORS BURUNDI [Cement]
•MONSOON TRADING LTD [Alcoholic Beverage]
•NATIONAL DISTRIBUTORS LTD
•DATA PRO LTD [Beverage]
•SAI OFFICE SUPPLIES (RW) LTD [Office Appliances]
•SREE COM LTD [Mobiles]
•EXPRESS AUTOMATION [Computer Accessories]
•CHEMI & COTEX RWANDA LTD
•PEARL ENTERPRISES LTD [Petroleum Products]
•CHEMLOG RWANDA INTRNATIONAL [Chemicals]
•SELCOM WIRELESS RWANDA LTD [Electricity, water and telephone]
•PRAYOSHA ENTERPRISES RWANDA LTD [Aluminum]
•PHENICA TRADING COMPANY LTD [Machinery and Spareparts]
•DAVIS & SHIRTLIF [Machinery Spareparts]
•DEAD SEA LTD [Cosmetics]
•SURYA PHARMA [Pharmaceuticals]
•SAR MOTORS LTD [Heavy Vehcile]
•EYE CARE OPTICALS SARL
•RWAGASABO LTD [Hind and Skins]
•THASHI ENTERPRISES LTD [Machinery and Spareparts]
•TECHSYS [Electronics]
•NOTS SOLAR LAMPS LTD
•NOTS SUSTAINABLE CHARCOLE LTD
Trading
•RWANDA FURNITURE LTD
•AKAMBA PUBLIC ROAD SERVICES LTD
•ETS JOBAN PUTHRA
•INCHAPE RWANDA LTD
Transportation
•PWC RWANDA
•MUBIMA LTD
•NEDUMPARAMBIL CONSULTANTS LTD
•RAV CONSULTANTS LTD
Accounting /Auditing
17 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
•ECO POWER GLOBAL LIMITED
• ANGELIQUE INTERNATIONAL LTD
•FITWELL CONSTRUCTIONS
•BHARATH HEAVY ELECTRICALS LTD.
Hydro Project and Power Transmission
•THE ACCORD HOTELS LTD
•CASTLE WOODS RESORTS LTD
•FLAMINGO RESTAURANT
•CHIYANG HOTELS LTD
•OKAPI HOTELS LTD
Hotels & Restaurant, Resorts
•OPA PHARMA LTD
•SURGI PHARMA RWANDA LTD
•PHOTO LAB DIGITAL [Photo Lab]
•PHILLIPS PHARMA SARL
•ORBIT HEALTH CARE SERVICES LTD [Eye Hospital]
•EYE CARE
Medical, Healthcare
• RWANDA ALLIED PARTNERS SARL
•PYRAMIDES LTD
•DEMETER LTD [Equipments]
•AFRICA DRILLING & EXPLORATION LTD [Drilling and Exploration]
Exploration, Mining and Drilling
•NYAGATARE AGRO VENTURES
•VOLUNTOUS AGRICON RWANDA LTD.
•JAIN IRRIGATIONS RWANDA LTD
Agricultural & Irrigation
•GOETHE-INSTITUTE
•CFW CLINICS
•KABUGA HIGH SCHOOL
•IMBABAZI ORPHANAGE
NGO, Non Profit Organization
•RICKSHAW TRAVELS
•SAFARI LEGACY
•NEW DAWN ASSOCIATES Tour and Travelling
•SENERGY INDIA [Civil Engineering]
•BEED MANAGEMENT PVT. LTD.
•SAPCIAL MANAGEMENT LTD [Architects & Designers]
Architects & Designers
•NT GLOBAL SPRL BURUNDI ISP PROVIDER
•FLEMINGO INTERNATIONAL SARL [Custom Duty Free Shop]
•HICOMMAND LTD [Educational Project]
•ETS BINOY THOMAS [Exporters]
•PREMIER BETTING RWANDA LTD [Betting]
•PROTEA SOLUTIONS [Vehcile Leasing]
•ALLIANCE MEDIA LTD [Advertisers]
•AFRICHEM LTD [Chemicals]
•HS JUTELY INSURANCE AGENCY LTD
Others Sectors
18 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
We have the
distinction of being
auditors of the large
number of limited
companies in Rwanda
engaged in public and
private sector.
Audit and Assurance Auditing is a highly complex process, and the importance of auditors as a vital link in the financial reporting chain and their role as trusted advisors has increased manifold in the
present era. The Audit professionals at Nambiar Associates firms provide a range of audit and advisory services to assist clients in achieving their business objectives, managing their risk and improving their business performance—anywhere in the world. Using our
state-of-the-art tools enables audit professionals to deliver the assurance service quality and excellence that is implicit in our brand name and that the financial community and public expect.
Audit is a complete function where in every existing system is evaluated and perfected. Any deviation from the existing system is immediately reported with the corrective action
to be taken. The scope of audit involves not only vouching but also a complete system study wherein all unwanted expenses are revealed to the management enabling them to take corrective action. We are emphasising on internal audit in its true sense the scope of
which is vast and all embracing. Audit is an independent examination of records and
accounts produced by clients and auditors are obelised to mention all the relevant facts which may affect the decisions of
stakeholders. We have a very strong quality assurance system in place, the policies adopted in this respect include involvement of an additional partner as advisory partner in every major audits, dedicated team for specified sector, specialized training courses, engagement quality assurance review programs and a formalized consultative framework. We bring to every aspect of our service the highest levels of commitment, professionalism, energy, and enthusiasm. We have audit tools, resources and procedures to provide the means for our professionals to deliver high-quality audit services. In our services we applied international audit approach and follow the International Financial Reporting Standards (IFRS). Our audit approach focuses on understanding the clients’ global business and control issues from the inside out. It combines a rigorous risk assessment, diagnostic processes, and audit testing procedures as well as a continuous assessment of our clients’ service performance.
19 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Tax Advisory
While working over a decade in Rwanda, we have
developed expert knowledge on relevant tax laws in
Rwanda. Nambiar Associates’ tax experts keep their
clients up to the edge of developments. They help you
their significance and tax considerations into client’s
business strategy.
Our taxation Services includes:
Corporate and Individual Tax Advisory
Compliance services
Preparation and filling of income tax, VAT and
TPR returns
Representing clients before tax authorities.
Legal counselling.
Tax due diligence services.
Updating the client’s business with circular and
amendments of tax laws.
We provide full range of tax
services through our tax
practitioners having a deep
knowledge of tax rules and
regulations.
We offer an array of services
to our clients to comply with
tax requirements while
benefiting from tax
incentives or exemptions
available to make them tax
efficient.
20 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Financial Advisory & Other Services
COST ANALYSIS AND MATERIALS MANAGEMENT
Costing and cost analysis despite being the essence of
survival and profit making in any organisation do not receive
the right kind of attention. Our team of specialised staff
advise the company identifying the cost element involved,
correlating it to the income, analyse the contribution,
segregate the cost and arrive at the root factor.
Stock constitutes a major investment in most organisations
and stock is nothing but money blocked which has carrying
cost. Analysis of stock, fixing of reorder level, minimum and
maximum levels, identifying redundant stock, analysing the
reason for it, and eliminating them can go a long way in cost
control and enhancing profitability.
BUDGETS AND FORECASTS
Our team assist the company with the preparation of
adequate Budget, which facilitate budgetary control and
easy monitoring.
MANAGEMENT CONSULTANCY
Providing advice on: Systems of general internal control, -
Devising costing systems, -Recording and assessing
divisional operating results, - Design of documentation, -
Internal and operational audit, and -New accounting records.
FINANCIAL CONSULTANCY
Optimum avenues of investment,- Raising finance in the
short, medium and long term: preparing the associated
reports and schedules,- Client company’s profitability and
liquidity, and monitoring at regular intervals,- Key financial decisions arising in the
course of trading, -Establishing optimum levels of readily realizable assets such as
stocks, debtors and investments,- Bank presentations.
RECRUITMENT, TRAINING AND MANPOWER DEVELOPMENT
We also undertake training of finance department staff of companies wherein a time
bound program is set for training them to cope with the demands of present day
management.
Cost analysis and
materials management
Budgets and forecasts
Management
consultancy
Financial consultancy
Recruitment, training
and manpower
development
Investigations
Trusteeship
System study and
implementation
Complete accounting
function
Company formation
Feasibility, project
study and market
research
Guidance for
professional book
keeping
21 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
INVESTIGATIONS
Alleged fraud, -Valuation work for purchase of business, -share in partnership, -shares in
limited company; -Take over, mergers, amalgamation, and reconstruction.
TRUSTEESHIP
Acting in a fiduciary capacity as trustee, in accordance with the terms of trust deed, in
the exclusive interests of beneficiaries.
SYSTEM STUDY AND IMPLEMENTATION
A well-defined system documented is a must for every company. In this connection, we
undertake the system study, discuss it with the management, refine it if necessary
document it, implement it, monitor it and report to the management of any deviation
from the existing system. This procedure once settled down will ensure that the
company is on the right track and everybody in the organisation is aware of his
duties\and responsibilities.
COMPLETE ACCOUNTING FUNCTION
The service is meant for clients who do not have a well-organised Accounts department
or for companies, which are in their infancy.
The function here includes maintaining accounts for your company, suggesting financial
policies, planning cash flows, system study, and implementation, constant monitoring
and reporting of any variations.
COMPANY FORMATION
The Feasibility Study is analysed and scrutinised to familiarise with the nature of
business and suggestions are made.
Once this is approved by the Management, we start with the legal formalities of drafting
the Memorandum and Articles of Association, getting the Company incorporated with the
Registrar of Companies, Opening Bank account, obtaining the necessary licences
(Business, Trading, RDC etc.), Obtaining the Tin number, Patent and VAT etc.
FEASIBILITY, PROJECT STUDY AND MARKET RESEARCH
The Firm undertakes the feasibility study taking into consideration the nature of the
proposed business, the market, likely competition, changing the scenario etc. Extensive
market research and survey will be carried out and all factors will be taken into
consideration. The report will be based on facts and figures.
22 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
GUIDANCE FOR PROFESSIONAL BOOK KEEPING
The Accounts should be maintained in such a way that the Management is not involved
with the routine entries but is informed of any major deviations. The requirements of the
Management and of the Government are different. Books need to be maintained in a
manner that management information is readily available and at the same time Final
accounts for the Government and Management can be prepared from the same set of
books.
This calls for Cost Centre Accounting and financial Accounting and this need to be done
simultaneously. While our Firm is not interested in writing the Books of Accounts on an
ongoing basis, we can ensure that the existing staffs are trained to maintain the Books
in a professional manner. Adequate training and audit can be carried out to ensure that
the laid down policies are adhered to.
We study the finance department of the Company, the duties of each staff and will
suggest the optimum Finance department with a well-defined Organisation chart and
clearly demarcated authority, duties, and responsibilities and reporting pattern for each
member of staff. This exercise will immensely benefit the Company in evaluating staffing
levels required and so strengthen each function in the department.
23 P a g e N A M B I A R A S S O C I A T E S |Certified Public Accountants|
Contact us:- Key Contacts:
*
N.R. Raghavan Nambiar
Managing Partner
nambiar@nambiarassociates.com
Cell no: +250 (0) 788307654
Sasikumar R. Nambiar
Audit Partner
admin@nambiarassociates.com
Cell no: +250 (0) 788300369
Tax Advisory:-
HABUMUREMYI VINCENT
Tax Consultant
vincent@nambiarassociates.com
Cell no: +250 (0) 788845740
Office Administration:-
LINEESH G MATTATHIL
Finance & Administrative Manager
info@nambiarassociates.com
Cell no: +250 (0) 788381245
IT Consulting:-
SHEREENA WILSON P
IT and Technical Advisor
shereena@nambiarassociates.com
Cell no: +250 (0) 788387866
Payroll Services:-
VIPIN RAJ
vipin@nambiarassociates.com
Cell no: +250 (0) 786658822
Address:-
Kigali, Rwanda (East Africa)
B.P. 4715
2nd Floor, Rwanda Foam Building,
Nabugogo Road,
Muhima, Kigali
Tel: +250 (0) 252504228
Cell: +250 (0) 788307654
Email: admin@nambiarassociates.com
Website: www.nambiarassociates.com
Audit and Assurance:-
C. B. Keshav
Senior Audit Supervisor
keshav@nambiarassociates.com
Atul Singhal
Senior Audit Supervisor
atul@nambiarassociates.com
Srawan Kumar Pandey
Senior Audit Supervisor
srawan@nambiarassociates.com
Sunnykumar Mateti
Senior Audit Supervisor
sunnykumar@nambiarassociates.com
VISHNU MAYA R. NAMBIAR
Audit Partner
maya@nambiarassociates.com
Cell no: +250 (0) 788300368
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