from auditing to global business advice –

service that makes sence for our clients

Table of Contents3 A global firm

4 An Integrated International Organisation

5 Mazars Service Lines and Client Sectors Matrix

6 A Fast Growing International Organization

7 Mazars is represented in the International and European regulatory authorities

8 Mazars presence in the region

9 Mazars team in Asia Pacific region

10 Mazars team in Asia Pacific region

11 More than 450 Listed Companies Trust Us

12 Recognized Signature in Asia-Pacific

13 Mazars in Tajikistan

14 Our Values 15 We offer

16 Our Clients

17 Management Team

a global firm

Mazars is a global professional services firm with a unique integration model. Drawing on the knowledge and skills of more than 13,000 professionals in 61 countries, we build relationships by providing services based on quality and integrity. Mazars is also a member of Praxity Alliance, which enables Mazars to operate in 22 additional countries with additional 14,000 professionals.

The people of Mazars around the world are united by a commitment to quality and excellence. To that end, we have developed common methodologies, processes, knowledge bases, and technologies, and we continue to rework and refine them. Our firm is comprised of a worldwide group with a multidisciplinary skill base and deep expertise in financial and business affairs as well as a shared dedication to common value and ethics. With Mazars strong value, we are organised to deliver consistent quality wherever our clients do business.

An Integrated International Organisation

A transversal organisation which reflects our willingness to adapt our services to the size and specificities of our clients

►International Services Lines• Public Interest Entities (PIE)• Owner Managed Business (OMB)• Tax• Law

►A technical and commercial process coordinated by service linesA member of Praxity Global Alliance:

►Jointly created by Mazars and the main American members of the former Moores Rowland International network in 2007

►Through this alliance, we serve our clients in 75 countries with a total of 25,000 professionals

Mazars Service Lines and Client Sectors Matrix

A Fast Growing International Organization

MAZARS GROUP

USD1.05 Billion *

Per Sept 2009

Mazars is represented in the International and European regulatory authorities

IASB/IFRIC - International Accounting Standards Board IFRIC - International Financial Reporting Interpretation Committee EFRAG - European Financial Reporting Advisory Group IFAC - International federation of accountants. Within IFAC, a Mazars partner is member of TAC

(Transnational Auditor’s Committee). This committee represents the members of the Forum of Firms and answers to their needs

FEE - European Federation of Chartered Accountants, where Mazars represents France.

Mazars presence in the region

Mazars team in Asia Pacific region

Experienced teams with fullComprehensive range of services

Offices experienced in dealing with international clients

French Desk in most countries

Harmonised methodology and tools(AUDITsoft) across the region

Regional coordinated training approach

Regional coordinated business development

June 2005 June 2008 апр.100

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More than 450 Listed Companies Trust Us

Recognized Signature in Asia-Pacific

Mazars in Tajikistan

At the Annual Conference that held in Prague in December 2010 Mazars partners from the five continents approved several partnership growth operations. Tajikistan was among them.

After passing integration process, Mazars in Tajikistan now provides a full range of audit and consulting services to local and international clients and shares the same obsession for all Mazars team members - technical excellence and a common determination to go beyond existing technical and ethical standards. Highly skilled staff which now reached 25 shares the same values and develop a strong understanding of our clients’ business processes and issues.

As part of Mazars, significant growth opportunities emerged as exhibited by number of recent contracts, some beyond Tajikistan. Significant note is assistance of Mazars Tajikistan with regional support led by Indonesia, to The Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund). We assisted the OIG of the Global Fund with audit of Republican centre of HIV/AIDS and National centre of TB, Ministry of Health of Kazakhstan funded by GFATM. As one of the world's largest financiers of anti-AIDS, TB and malaria programs and at the end of 2010 has approved funding of USD 21.7 billion that supports more than 600 programs in 150 countries. We have successfully provided UN Coordination Unit and UN Executive Committee Agencies in Tajikistan with provision of Micro Assessment of the Implementing Partner’s Financial Management Capacity. More than 40 Implementing Partners all over the Tajikistan. We received accreditation from Regional Inspector General of USAID for conduction audits of USAID Awards in Central Asia. Saddleback Corporation Limited with part of Kaisun Energy Group Limited, a listed company on Hong Kong is also in history of our company.

Mazars in Tajikistan is investing more resources in Banking and Financial Sectors, for further development and expansion in this direction. Chosen an auditor of 2 commercial banks and number of microfinance banks.

Our Values

Our Services

Mazars provides industry-focused services for public and private clients aimed at enhancing their value and allowing the clients to perform in the dynamic and challenging environments in which they work.

Financial reporting audit advisory Legal audit Contractual audit

Consulting Strategy Operations Finance Organization Governance & Risk Management Sustainability & Development

Financial advisory services Corporate finance Due diligence Forensic, litigation and arbitration Business restructuring Tax Services

Outsourcing and accountingservices

• Consolidation and reporting• Accounting and financial support • HR services• HR support

Tax services • Business tax compliance • Tax advisory services• Corporate tax • International tax • Employment tax • Corporate structures • Expatriate tax services

Legal services

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Our clients

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Management Team in Tajikistan

Director of Mazars in Tajikistan – based in Dushanbe.More than 12 years of progressive experience in

development sector and fund accounting, three of which in regional and global settings.

Solid experience in setting up financial systems and procedures, the internal audit process, financial

management and Donor reporting.Strong experience in finance, human resources and

administration management.In 2007 he established and led a start-up auditing and

consulting practice to grow into the top five firms nationally.

Firuz has earned his postgraduate Diploma in Economics from the

Institute of Entrepreneurship & Service of Dushanbe (1999) and is currently pursuing a distant MBA at the Durham Business School, University of

Durham UK.

Firuz Saidov

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Director

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Farrukh is Managing Partner of Mazars in Tajikistan.

Has more than 10 years experience in the field of public administration reform, with specific practical experience

conducting functional reviews in Tajikistan.Postgraduate Diploma in Economics & Taxation,

Tajik Tax and Law Institute. Postgraduate student on Macroeconomics, Institute of

Economics under the Academy of Sciences of the Republic of Tajikistan.

Excellent knowledge and proven experience dealing with the public administration system of Tajikistan, as well as a

strong track record working with various line ministries and senior officials in Tajikistan.

Highly skilled and experienced Professional with over 5 years expertise in Procurement and finance management.

Has reviewed the institutional, organizational and functional arrangements at a local and central level, and provided recommendations for improvements to the system.

Farrukh Muminov

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Managing Partner

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Elena leads financial sector Mazars in Tajikistan. Has extensive experience (more than 20 years)

in accounting and audit. During auditing activities participated and leaded the audits

in several largest banks in Tajikistan, such as: JSC Fononbank, ZAO Kafolatbank, as well as many of the leading

microfinance institutions. Has long term experience as auditor in commercial

structures. Good knowledge and understanding of tax regulations of the Republic of Tajikistan.

Systematic participation in development of methodological recommendations on introduction of IFRS within working group of the Ministry of Finance of Republic of Tajikistan.

Elena Simonova Partner

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Mavjigul joined Mazars in 2010 and currently she leads Mazars Legal Aid.

Has strong experience in economy legislation, banking legislation, labour and social legislation, housing legislation,

corporate right, judicial contests, legal defence in court. Has over 10 year experience of working in public prosecutor

bodies, was in charge of supervisor of implementation of legalization in the ministries, departments, enterprise,

facilities, organizations, execution of laws in civil cases in courts.

Has wide experience of working in largest companies in Tajikistan such as SUE “Tajik Aluminium Company (TALCO),

over 13 years, one of the leading banks of country “Bonki Rushdi Tojikiston”, 2 years.

Mavjigul ShaymardanovaPartner

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Mazars LLC Tajikistan734025, 45 Mirzo Tursunzoda Street 401 office, Business Centre “Poytaht ” Dushanbe, TAJIKISTAN

Phone: + 992 (44) 640 41 41 + 992 (44) 640 51 51

Email: info@mazars.tj

www.mazars.com