S.NO. PARTICULARS ALLOTED NO. - Royal Audit … 2015-18/CH-04-profi… · S.NO. PARTICULARS ALLOTED...

N.C. RAJAGOPAL & CO., CHARTERED ACCOUNTANTS

NO.22 KRISHNASWAMY AVENUE, MYLAPORE, CHENNAI – 600 004

PHONE: +91 44 24991569, 24993056, 24991095

S.NO. PARTICULARS ALLOTED NO.

1 P.A.NO.

AAAFN0572A

2

RBI UNIQUE CODE NO.

191177

3

FIRM REGISTRATION NUMBER WITH REGISTRAR OF FIRM

DATE OF REIGISTRATION

312/1970

09.03.1970

4

FIRM REGISTRATION NO. ALLOTTED BY ICAI:

YEAR OF ESTABLISHMENT

003398S

01.07.1949

5

EMPANELMENT NUMBER ALLOTTED BY OFFICE OF C & AG

MD0044

6

MULTI PURPOSE EMPANELMENT NO.

MEF08077

N.C.Rajagopal & Co.,

Chartered Accountants Profile of the Firm

1 | P a g e

I PREAMBLE

N.C.Rajagopal & Co., was started in the year 1925 by its founder late Shri.

N.C.Rajagopal in the business centre of Karur, in Tamil Nadu. Chennai is the head

quarters for the firm, with branches at Erode and Salem. With an excellent network

of professionals, the firm operates in all parts of India. The articled clerks trained by

the firm today are in prominent position throughout the globe heading organizations

in various industries from manufacturing to information technology.

The firm is headed by a Past President of the Institute of Chartered Accountants of

India, Shri. N.C.Sundararajan supported by senior partners who have served

positions in several committees of the Institute.

Presently, the firm is well equipped with latest Information Technology facilities

added to the rich experience and knowledge reservoir of eminent Chartered

Accountants in all core fields like Corporate and Other Industrial Laws, Taxation,

FEMA Regulations, Banking, Insurance and other International Laws catering to the

changing needs of the market.

II ORGANIZATION STRUCTURE OF THE FIRM

The firm has 8 partners, 1 Senior Audit Manager, 4 full time qualified chartered

accountants, 62 article assistants, 23 administrative staff and also 5 professional staff

(Law and Tax Consultants) for handling various areas like Corporate Audits, Audit of

Banks, Insurance Companies, Public Sector Units, Partnership Firms, Charitable

Trusts, Educational Institutions, Societies and Individuals and Tax Audit of various

organizations including International renowned NGOs.

N.C.Rajagopal & Co., Profile of the firm Chartered Accountants

2 | P a g e

N.C.Sundararajan Partner, Chief

G.N.Gopalarathnam Partner, Taxation

V.Anantharaman Partner,

Audit and Assurance

M.V.Rengarajan Partner, Salem Branch

N.C.Vijayakumar Partner, Erode Branch

Sumithra Ravichandran Partner, Taxation

N.Sundar Partner, Taxation

V.Chandrasekaran Partner, Audit

V.Subramanian Audit & Corporate Affairs

Audit Managers (3) Chartered Accountants

Admin Staff (23) Articled Assistants (62)

V. Umamaheswari Statutory & Internal

Audit

N.C.Rajagopal & Co., Chartered Accountants

3 | P a g e

III BRIEF PROFILE OF THE PARTNERS

There are EIGHT partners in the firm and a brief note on the partners is furnished below:

1 Mr. N.C. SUNDARARAJAN, FCA:

He is the senior most partner of the firm. He passed his C.A. Final at a very

young age of 19 and became a member of the Institute in 1951. He

was the Vice-Chairman of the Southern India Regional Council of the

Institute in 1961-62 and was a member of the Central Council for three

consecutive terms between 1985 and 1995 and was the President of the

Institute of Chartered Accountants of India (ICAI) during 1992-93. In the

course of his tenure as a Central Council Member, he was the Chairman

for various standing and non-standing committees of the Institute and

also member of the International Auditing Standards Board. He has

chaired various seminars and conferences both at National level and

International Level. He was a member of the Securities Exchange Board of

India and All India Council for Technical Education. He was also the

President of the Rotary Club of Madras the second oldest club in India.

2 Mr. G.N. GOPALARATHNAM B.Sc., FCA, DISA:

Qualified as a Chartered Accountant in 1969 and became the Partner

of the firm in 1970. He is specializing particularly in taxation matters

and has wide experience in Taxation and Foreign Exchange Regulations.

He regularly appears before various Appellate Authorities - Income Tax

Appellate Tribunal, Settlement Commission and the FERA Appellate

Board. He was a member of the Expert Advisory Committee of the ICAI

and also the Past President of the Rotary Club of Madras Central. He is

the Managing Trustee of Margaret Sydney Hospital, Chennai a Charitable

Organization. He is also a Systems Auditor and specializes in cross border

transactions and International Taxation. He is also Member of Peer

Review Board of the ICAI and conduct review of other accounting firms.


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3 Mr. V. ANANTHARAMAN B.Com. FCA:

Qualified as a Chartered Accountant in 1969 and became a Partner of

the firm in 1975. He is in-charge of the Audit Department and

Consultancy Department of the Firm. He has wide experience in the

audit of Public Limited and Private Limited Companies, Audit of Banks,

Insurance Companies, Public Sector Undertakings. He also advises on

various Company Law matters such as Amalgamation and Mergers,

Reconstruction, Takeovers, due diligence audit etc., He was a Member

of the Accounting Standard Board of the ICAI and also the Past

President of Rotary Club of Madras Central. He has also completed

Course on Computer Aided Audit Technique (CAAT), a Member of

Financial Reporting & Reviewing Board and a Member of Peer Review

Board of the ICAI and conduct review of other accounting firms.

He is a specialist in Central Statutory Audit of Nationalized Banks. He

has audited the accounts of the Reserve Bank of India, State Bank of

India, Syndicate Bank, State Bank of Hyderabad, Punjab National Bank

and various other banks across India. He has a rich exposure of 40

years in audit of banks, insurance and public sector undertakings.

4 Dr. M.V. RENGARAJAN N. D.Com. FCA:

Qualified as a Chartered Accountant in 1966, and became a Partner of

the firm in 1969. He is in-charge of the Salem branch of the firm and

handles Taxation and Audits. He is the President of Indian Society for

Cultural Cooperation and Friendship for the last three years. He was

the Chairman of Salem SIRC of ICAI during 2001-2003, Senate

member of Periyar University during 1998-2001 and President of

Rotary Club of North during 1979. He is also the Chairman and

Correspondent of Rajaji Institute of Technology (Polytechnic) for the

past 27 years.


5 | P a g e

5 Mrs. SUMITHRA RAVICHANDRAN B.Sc., FCA:

Became a Member of the Institute in 1995 and Partner of the firm in

1996. She handles Taxation and Tax Audits of Companies, Firms,

Charitable Trusts, Institutions and Individuals and statutory audit of

banks. She also appears before the various Tax Authorities including

the Appellate Tribunal. She specializes in cross border transactions

and also the treasurer of Rotary Club of Chennai Presidency.

6 Mr. N.C. VIJAYAKUMAR B.Com., FCA, DISA:

Became a Member of the ICAI in 1998 and a Partner of the firm in

2000. He handles Audits and Taxation of our Erode branch and

statutory audit of banks, insurance company etc., He is also a Systems

Auditor.

7 Mr.V. CHANDRASEKARAN, B.Com., FCA:

Became a member of the ICAI in 1986 and a partner of the present

firm from 2006. Qualified in the year 1986 and established the

firm in the name of M/s.Sundar & Chandar in the year 1987 and he

was a senior partner. The said firm was merged in the parent firm

(NCR) in the year 2006. He is in charge of corporate audit, banks and

insurance companies and other advisory services. He also handles

FEMA matters , mergers and acquisitions of corporates, facilitates

project development and consultancy and financial advisory

matters. He is also completed Course on Computer Aided Audit

Technique (CAAT), a Member of Financial Reporting & Reviewing

Board and a Member of Peer Review Board of the ICAI and conduct

review of other accounting firms.

A well known social worker and recipient of President of India Award

in the Scouts moments.


6 | P a g e

8 Mr. N. SUNDAR, B.Sc., FCA, DISA:

Became a Member of the ICAI in 1985 and became partner of the

present firm from 2006. Earlier, he has established the firm in the

name of M/s.Sundar & Chandar in the year 1987 and he was a senior

partner there. The said firm was merged with the parent firm – NCR.

He is in charge of corporate taxation specializing in cross border

transactions. He represents the various client upto Tribunal level. He

is also a qualified systems auditor.


7 | P a g e

IV PARTICULARS / ADDRESS:

1.Chennai Head Office: No.22 Krishnaswamy Avenue Luz Church Road, Mylapore Chennai – 600 004 Tamilnadu (India) Phone Nos. +91 44 2499 1569, 2499 3056, 2499 1095 Fax: +91 44 2499 1485 E-Mail: [email protected], [email protected]

2. Chennai Branch: No.5, Moores Road, Chennai – 600 006 Incharge: Mr. N.C Sundararajan, FCA Phone : +91 44 2823 1924, +91 44 2821 2508 Fax : +91 44 2821 2508 Email : [email protected], [email protected]

3. Salem Branch: 6-D Ramakrishna Road, Shanmugha Colony, Salem – 636 007 Incharge: Mr. M.V. Rengarajan, FCA Phone : +91 427 231 2817 Fax : +91 427 231 8436 Email : [email protected]

4. Erode Branch: 199 Agraharam Street, First Floor, Opp.Allahabad Bank, Erode – 638 001 Incharge: Mr. N.C. Vijayakumar, FCA Phone : +91 424 221 2628

+91 424 222 7206 Fax : +91 424 222 7206 Email : [email protected]

mailto:[email protected]







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LIST OF ASSIGNMENTS UNDERTAKEN

1. Audits

Banks:

Statutory Central Audit

Period

State Bank of India

1979-1982

Syndicate

Bank

1984-1987

State Bank Of Hyderabad

1990-1992

Indian Overseas Bank

1993-1995

Reserve Bank Of India

1999-2002

ING Vysya Bank

1996-1999

Punjab National Bank

2006-2009

Public Sector Undertakings:

Statutory Audit

Period

Steel Authority of India Limited

2007-2012

United India Insurance Company

2004-2007

Tamil Nadu Trade Promotion Organization

2004-2008


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Statutory Audit

Period

Bharat Sanchar Nigam Limited

2000-2004

2012 till date

Southern Structurals Limited

2000-2001

Tamil Nadu Handicrafts Development

Corporation Limited

1999-2000

IBP Limited

1998-2002

Ind-Bank Housing Limited

1998-1999


1994-1997

Tamil Nadu Minerals Limited

1993-1996

IBP Limited

1991-1994

Hindustan Photo Films Limited

1991-1994


1988-1991

Tamil Nadu Minerals Limited

1984-1987

Pallavan Transport Corporation

1975-1976

Madras Refinery Limited

1974-1975


10 | P a g e

Companies:

We are conducting the audit of following group companies namely:

Name of the Group Company

Activity of Group

Companies

No of Companies

ETA – ASCON

Shipping, Coal, Fertilizers,

Garment, Real Estate, Health

Insurance, Power

& Automobile Dealerships (Cars

India, Trans Car) etc.,

16

BUHARIA

Coal, Construction, Real

Estate, Software

Development &

Investment etc.,

10

S.K.M

Animal Feed, Egg & Farm

etc.,

3

SPIC

Semi Conductor

Development, Investment

& Software Development etc.,

3

AEROMATICS

Hospitality & Tourism

etc.,

5

Others:

Name of the Company

Activities of Company

Espiem Plasticss Limited

Manufacturing of Cistem

Accord Metropolitan – J Hotels Private Limited

5 Star Hotel

Malabar Hotels Private Limited

4 Star Hotel

Royal Sundaram Alliance Insurance Company Limited

General Insurance


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Name of the Company

Activities of Company

Coastal Energy Pvt Ltd. Coal Trading

Coastal Energen Pvt Ltd. Generation and distribution of

power.

Transworld Garnet India Private Ltd

Mining of Beach Minerals

Yuflow Engineering Private Limited

Engineering company

CONYBIO Healthcare India Private Limited

F.I.R Healthcare Materials

M.S. Swaminathan Research Foundation

NGO engaged in

Research & Development

Madras Race Club

Horse Racing

Tamil Nadu Bus Operators Finance Corporation Limited

Hire Purchase Finance

2. Internal Audits

a) Fresh And Honest Café Limited - On all India basis

b) Bonfiglioli Transmissions Private Limited – An MNC from Italy

c) SPEL Semi Conductors Limited – SPIC Group

d) Tamil Nadu Marketing Federation Limited- TASMAC

e) Scooters India Limited

f) Kendriya Bhandar Co-Operative Society Limited- GOI

g) Royal Sundaram Alliance Insurance Company ltd.

h) Fullerton Credit Ltd.(Formerly Dove Finance Limited)

i) M.V. Hospitals for Diabetes & Madras Diagnostics Centre


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3.Taxation

The firm has wide range of clients in corporate sector and non-corporate sectors

such as firms, charitable trusts, educational institutions and individuals. The firm is

engaged in Tax Planning, Tax Representation upto Income-tax Appellate Tribunal

(ITAT) level, Tax Audits and Consultation in International Taxation specialization in

the areas of off shore investment taxation, transfer pricing etc.,

4. FEMA

The firm also specializes in structuring cross border transaction such as Foreign

Direct Investment, Overseas Direct Investment etc. The firm also represents clients in

compounding of offences.

5. Special Assignments

The firm has conducted special audit of a Finance Company appointed by R.B.I, Special

Audit of Collective Investment Scheme appointed by SEBI, Investigative Audits of

group of companies engaged in Newspaper appointed by the Madras High Court and

various due diligence audits for take over and merger and for investment purpose on

behalf of clients.

The firm has also conducted valuation of business and shares pursuant to BIFR

requirements for the Financial Institutions.

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