nambiar associates · web viewcapability statement we are the ‘best friend’ of in rwanda and...

Capability Statement

We are the ‘Best Friend’ of in Rwanda and currently implementing the Grant Thornton software and standards to become a member firm.

Contents

Nambiar Associates

Certified Public Accountants

Web:nambiarassociates.com

Vision, Mission and Values 2The Firm 3Overview 4Firm Strength 5Client Service Standards 10Clientele Information 12Audit & Assurance 16Tax Advisory 17Financial Advisory and Other Services 18Contact Us 21

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|

Values

Integrity

Objectivity

CompetenciesCommitment

Strength from cultural

diversity

Vision, Mission& ValuesVisionTo 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.

MissionTo 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


The FirmIntroductionNambiar 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.

OverviewWe 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.


Firm StrengthNambiar 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 twelveyears’ 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 fiveyears’ experience in manufacturing industry in which three years as General Manager and two years as Director Finance and administration.


Sasikumar R. Nambiar, FCA, CPA(T), CPA(R)

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.

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.


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.

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.


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).


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.

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: Habumurenyi 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).

Audit and AssuranceStatutory AuditInternal AuditIndependent ControlsProcess Assurance Management AuditInformation AuditCost AuditDue DiligenceProvident Fund Audits

TaxationDirect TaxesIndirect TaxesCorporate and Business TaxExecutive & Individual TaxConsulting Corporate and Business Tax CompliancePersonal Tax PlanningTax Review AuditStaff Retirement TaxationSales Tax/ VATTax on services

Advisory and Other ServicesCompany formation and incorporationCorporate RestructuringComputerisation & Information TechnologyBudgets and ForecastManagement ConsultancyFinancial ConsultancyBusiness AdvisoryAcquisition and Take overWinding up & LiquidationCrisis ManagementQuality Management SystemsBusiness Problem DiagnosticsManagement Review

Client Services StandardsWe 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 AssuranceB. TaxationC. Advisory and Other Services


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

Asian Countries

ChinaIndiaPakistanSingaporeSri LankaNepalKorea

European Countries

BelgiumFranceGermanyItalyRussiaSwitzerlandUnited KingdomNetherlands

RwandaBurundiDR CongoEgyptEthiopiaKenyaMauritiusNigeriaSouth AfricaTanzaniaUgandaZambia

Others

CanadaUnited StatesKazakhstanIsrael

Gulf Countries

OmanUnited Arab EmiratesLebanon

Clientele InformationWe are dealing with more than 30 nationalities clients’ and providing them quality services embedded with highly ethical and quality standards.


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 LTDFLEXI 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 LTDSPENCON SERVICES LTDPREMIER BUILDERS RWANDA LTD [Builder]SUJITO CONSTRUCTIONS LTDJKK INTERNATIONAL AFRICA LTDCHINA GEO ENGINEERING CORPORATIONVEKSONS RWANDA LTDMARA ISON RWAND LTD

Real Estate & Construction

MEHATA ELECTRICALS RWANDA SARL [Electrical]TALKPOOL SEWRVICES LTD [Telecommunicational]INNOVIS TELECOM SERVICES LTDUST GLOBALREIME 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 LTDIMA RWANDA LTDSWIFT FREIGHT INTERNATIONAL RWANDAFRIEGHT REACHMULTILINES 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


UNIVERSAL TRADING LTD [Wheat Flour]ETS HARJITHGLOBAL RWANDA LTDMARHABA 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 LTDDATA PRO LTD [Beverage]SAI OFFICE SUPPLIES (RW) LTD [Office Appliances]SREE COM LTD [Mobiles]EXPRESS AUTOMATION [Computer Accessories]CHEMI & COTEX RWANDA LTDPEARL 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 SARLRWAGASABO LTD [Hid and Skins]THASHI ENTERPRISES LTD [Machinery and Spareparts]TECHSYS [Electronics]NOTS SOLAR LAMPS LTDNOTS SUSTAINABLE CHARCOLE LTD

Trading

RWANDA FURNITURE LTDAKAMBA PUBLIC ROAD SERVICES LTDETS JOBAN PUTHRAINCHAPE RWANDA LTD

Transportation

PWC RWANDA MUBIMA LTDNEDUMPARAMBIL CONSULTANTS LTDRAV CONSULTANTS LTD

Accounting /Auditing


ECO POWER GLOBAL LIMITED ANGELIQUE INTERNATIONAL LTDFITWELL CONSTRUCTIONSBHARATH HEAVY ELECTRICALS LTD.

Hydro Project and Power Transmission

THE ACCORD HOTELS LTDCASTLE WOODS RESORTS LTDFLAMINGO RESTAURANTCHIYANG HOTELS LTDOKAPI HOTELS LTD

Hotels & Restaurant, Resorts

OPA PHARMA LTDSURGI PHARMA RWANDA LTDPHOTO LAB DIGITAL [Photo Lab]PHILLIPS PHARMA SARLORBIT HEALTH CARE SERVICES LTD [Eye Hospital]EYE CARE

Medical, Healthcare

RWANDA ALLIED PARTNERS SARLPYRAMIDES LTDDEMETER LTD [Equipments]AFRICA DRILLING & EXPLORATION LTD [Drilling and Exploration]

Exploration, Mining and Drilling

NYAGATARE AGRO VENTURESVOLUNTOUS AGRICON RWANDA LTD.JAIN IRRIGATIONS RWANDA LTD

Agricultural & Irrigation

GOETHE-INSTITUTECFW CLINICS KABUGA HIGH SCHOOLIMBABAZI ORPHANAGE

NGO, Non Profit Organization

RICKSHAW TRAVELSSAFARI LEGACYNEW DAWN ASSOCIATES

Tour and Travelling

SENERGY INDIA [Civil Engineering]BEED MANAGEMENT PVT. LTD.SAPCIAL MANAGEMENT LTD [Architects & Designers]

Architects & Designers

NT GLOBAL SPRL BURUNDIISP 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


Audit and AssuranceAuditing 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.


We have the distinction of

being auditors of a large number of

limited companies in Rwanda

engaged in public and private

Tax AdvisoryWhile 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.

Financial Advisory & Other ServicesCOST 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 FORECASTSOur team assist the company with the preparation of adequate Budget, which facilitate budgetary control and easy monitoring.

MANAGEMENT CONSULTANCYProviding 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 CONSULTANCYOptimum 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 DEVELOPMENTWe 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

INVESTIGATIONSAlleged fraud, -Valuation work for purchase of business, -share in partnership, -shares in limited company; -Take over, mergers, amalgamation, and reconstruction.

TRUSTEESHIPActing in a fiduciary capacity as trustee, in accordance with the terms of trust deed, in the exclusive interests of beneficiaries.

SYSTEM STUDY AND IMPLEMENTATIONA 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 FUNCTIONThe 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 FORMATIONThe 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 RESEARCHThe 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.


GUIDANCE FOR PROFESSIONAL BOOK KEEPINGThe 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.


Contact us:-Key Contacts:

*


N.R. Raghavan NambiarManaging [email protected] no: +250 (0) 788307654

Sasikumar R. NambiarAudit [email protected] no: +250 (0) 788300369

Tax Advisory:-HABUMUREMYI VINCENTTax [email protected] no: +250 (0) 788845740

Office Administration:-LINEESH G MATTATHILFinance &[email protected] no: +250 (0) 788381245

IT Consulting:-SHEREENA WILSON PIT and Technical [email protected] no: +250 (0) 788387866

Payroll Services:-VIPIN [email protected] no: +250 (0) 786658822

Address:-Kigali, Rwanda (East Africa)B.P. 47152nd Floor, Rwanda Foam Building, Nabugogo Road, Muhima, KigaliTel: +250 (0) 252504228Cell: +250 (0) 788307654Email: [email protected]: www.nambiarassociates.com

Audit and Assurance:-C. B. KeshavSenior Audit [email protected]

Sunnykumar MatetiSenior Audit [email protected]

VISHNU MAYA R. NAMBIARAudit [email protected] no: +250 (0) 788300368

mailto:[email protected]

nambiar associates · web viewcapability statement we are the ‘best friend’ of in rwanda and...

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