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Transcript of F.R.A.N.T.S. & CO. CHARTERED ACCOUNTANTS. Our Foot Print Provide Unsurpassed Service which adds...
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F.R.A.N.T.S. & CO.CHARTERED ACCOUNTANTS
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Our Foot Print
“ Provide Unsurpassed Service which adds Premium Value to our Clients”
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Introduction 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.
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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.
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Who Are We ?
MISSIONTo 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.
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Partners
S. No Name Qualification
Years of experience
1 Abdul Rauf FCA 322 Farooq Dandia FCA 263 Zulfiqar Nasir FCA 224 Ejaz Rathore FCA 225 Tausif Ilyas FCA 18
6 Muhammad Talib FCA 17
7 Nouman Khan FCA 148 M. Faheem Rauf FCA 119 Zeeshan Ali FCA, FCCA 9
10 Mahmood Saeed FCA 9
11 Qamar Mumtaz ACA 4Total Experience in Years: 184
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Branches - Pakistan
Karachi Partner In Charge
504, 5th Floor, Business Plaza, Abdul Rauf Ayoob
Mumtaz Hasan Road,
Karachi.
Telephone: +92 (021) 3244 4471
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Islamabad Partner In Charge
32, Block 8, School Road Ejaz Hussain Rathore
F-6 Super Market, Islamabad, Pakistan
Telephone: +92 (051) 2825775
Branches - Pakistan
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Peshawar Partner In Charge
8th Floor, State Life Building, Zeeshan Ali
The Mall, Peshawar Cantt.
Telephone: +92 (091) 5279691
Branches - Pakistan
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Sialkot Partner In Charge
2nd Floor, Riaz Plaza Zulfiqar Ahmed Nasir
Paris Road, Sialkot, Pakistan
Telephone: +92 (052) 4265194
Branches - Pakistan
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Lahore Partner In Charge
65/1, Garden Block, New Garden Town Nouman Razaq Khan
Lahore – 54600, Pakistan
Telephone: +92 (042) 35860176
Branches - Pakistan
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Multan Partner In Charge
327-B, Gulgasht Colony, Multan, Pakistan Muhammad Talib
Telephone + 92 (061) 6750328
Branches - Pakistan
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Kabul Partner In Charge
House # 3, Street 5, Sailo Road, Qamar Ali Mumtaz
Kabul, Afghanistan
Telephone: + 93 - 799 – 195344
Branches - Pakistan
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AffiliationsASNAF
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.
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AffiliationsPakistan 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.
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Accreditations & Training Partnerships
Approved training Organization for: Institute of Chartered Accountants
of Pakistan;
Institute of Chartered Accountants of England & Wales,
ACCA (Gold Category Employer), UK;
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.
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Staff Numbers
Designation Numbers
Partners 11Managers 15Supervisors/Seniors 26Graduates 54Other Professionals 30Admin 16
Total 152
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Ranking – Partner wise Rankin
g Firm Partners
1 A.F. Fergusons & Co. (PwC) 38
2 KPMG Taseer Hadi & Co. (KPMG) 28
3 Ford Rhodes Sidat Hyder (E&Y) 27
4Anjum Asim Shahid Rahman (Grant Thornton)
12
5 F.R.A.N.T.S. & Co. 11
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Ranking – Location wise
Ranking Firm Office
s
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
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Services We ProvideWe 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:
Audit & Assurance Advisory Taxation & Corporate Services
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Audit and Assurance Statutory Audit Internal Audit Cost Audit Due Diligence Information Audit
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Advisory Financial Planning &
Consultancy Gap Analysis Feasibility Study Acquisition, Takeovers &
Mergers Disinvestment Joint Ventures
Corporate Restructuring Business Problems
Diagnostics Business Process
Reengineering Transaction Advisory
Services Business Valuation Setting up Foreign
Branches Human Resource
Advisory
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Taxation & Corporate Services
Direct & Indirect Taxes Income Tax Sales Tax Corporate & Business
Tax SESSI & EOBI WWF & WPPF Personal Tax Planning
Tax on Services Incorporation &
Formation Winding up &
Liquidation Secretarial &
Corporate Compliance
IPO Tax Audit
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Services Provided through Associates
Through our associates, we provide the following services: Privatisations Securitisations Mergers and amalgamations Intellectual property /
trademarks & patents International Investment
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International Exposure Worked at ABV Rock Group KB, a Swedish venture based at Riyadh.
Worked at Arabian Education & Training Group.
Worked with European Union grant at Shikarpur District.
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.
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International Exposure 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.
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Experiences, continue..
Experience with Donor bodies USAID World Bank; European Commission; Global Fund Cordaid; Agence Française de
Development (AFD) MISFA
DANIDA; Norwegian Church Aid
(NCA); Intercooperation / SDC; Christian Aid; Oxfam/ Novib; GIZ; Ministry of Foreign Affairs,
Holland (BUZA)
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Experiences, continue..
IMPORTANT ASSIGNMENTS 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.
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.
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Experience continue..
IMPORTANT ASSIGNMENTS 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
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
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Experience continue..
ANNUAL AUDIT ASSIGNMENTS 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;
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Internal Quality ControlOur 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
Partner
Manager
Job Incharge
Audit Staff
A hierarchy has been developed which ensures value addition in the audit assignment at each step of the way and it is as follows:
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Advantage of F.R.A.N.T.S. & Co.
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).
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THANK YOU.