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BHAVIN B SHAH & CO.
Chartered Accountants
Firm’s Profile
BHAVIN B SHAH & CO. – Firm’s Profile Page 1
VISION
To be a global Organization backed by high ethical values and standards that are socially
accountable and responsible, contributing to sustainable economic growth of society,
country and individual.
To be frontrunners is our burning desire.
MISSION STATEMENT
To provide timely, proactive, innovative and independent assurance and financial tax
services to businesses.
To value our client’s exact requirements to get maximum benefit by our efforts is
fundamental in our growth and success.
To achieve maximum success for our clients in a diligent manner.
To produce trained and effective employees for society cycle so that human resource as well
as society both gains maximum benefit.
We firmly believe that INTEGRITY has no substitute. We are constantly in pursuit of
EXCELLENCE. We will be LEADERS in our sector.
BHAVIN B SHAH & CO. – What we are - ?
We are a premier accounting firm constituted and registered as Proprietor offering
professional services in Auditing, Assurance, Taxation, Financial and Outsourcing services
to domestic and multinational business entities.
Currently, we have one service point at Rajkot from where our specialist teams of
professional accountants, lawyers, company secretaries and management consultants offer
a wide array of services to our clients across the length and breadth of India.
Our whole team plus staff are committed to providing you with cost effective, high quality,
innovative and practical solutions for your businesses.
BHAVIN B SHAH & CO. – Firm’s Profile Page 2
WHY - BBS & Co.?
At BBS & Co. we strongly believe in establishing long term relationships with the clients.
Starting right from the introductory meetings we will endeavour to make you feel the
difference in the quality of service that you can expect and shall receive at BBS & Co.
For us every client is equally important and when they pose their trust in us, it becomes our
absolute duty to serve them with the utmost care and the highest level of professional
competence. We may not be the largest firm and we do not have a global presence, but that
works to our advantage. Our team is like a family.
Every member of the team at BBS & Co. is encouraged to be friendly, professional and
fully committed to delivering the best service. You will find that each team leader at BBS &
Co. will serve you as an independent professional who is personally responsible and has a
keen interest in the success of the assignment under his care.
Our strength lies in our versatility and flexibility – a personal experience given by highly
skilled professionals with vast experience backed by various firms and partners, ensuring
that you are provided with an all round solution which is second to none.
BHAVIN B SHAH & CO. – Firm’s Profile Page 3
PROFILE OF PROPRIETOR
Name: Bhavin Shah
Qualification: ACA, M.Com
Post-qualification experience: National as
well as International
In-charge: Rajkot Office
Cell: +91 – 99 243 50 311
E-mail: cabhavinshah7@gmail.com
Firm Name: M/s. Bhavin B Shah & Co.
Membership No.: 153910
Firm Registration No.: 141948W
Mr. Bhavin Shah is the founder of this firm. He is post graduate and an associate member
of the Institute of Chartered Accountants of India with remarkable standing in this noble
profession. He has wide experience in the field of Auditing, Business Development, Global
business/finance and economy, Indian Taxation, Accounting, Financial Management,
FEMA and Nri Advisory. He loves challenges and to achieve that which is next to
impossible. He has vast experience in India and Africa where he was responsible for varied
assignments.
BHAVIN B SHAH & CO. – Firm’s Profile Page 4
OUR TEAM MEMBERS & PEOPLE
We recruit, train, motivate and retain highly capable and the sharpest talents, who bring
quality in their work and deliver the best solutions. We nurture our people and turn them
into our assets because we believe people are only biggest assets of our firm.
We regularly conduct Continuous Learning programs, apart from undergoing CPE
training with ICAI.
 Preparation & Implementation of Accounting systems
 Accounting & Auditing Standards (including IFRS)
 Global Best Practices , Business and Economy
 Information Technology & Auditing Techniques
 Latest regulatory knowledge updates
We have a strict Performance policy and our people progress in their careers solely based
on their accomplishments. We reward achievements and support, inspire & help to
improve skills. Some criterion of marking is as mentioned below.
 Excellent Academic records
 Superior Technical knowledge (Inf. Tech. must)
 Interpersonal skills
 Computing ability
 Extracurricular achievements
 Track record of a distinguished career
OUR REFERAL PARTNER
 The Integrate Services – Global Professional Group
 IBSF – International Business Structuring Foundation
in Mauritius, Madagascar and Dubai.
BHAVIN B SHAH & CO. – Firm’s Profile Page 5
OUR SERVICES
Our service offerings include audit and assurance, tax and regulatory, business advisory
for domestic and global businesses of all sizes. We offer a range of solutions which are
ideal, practical, innovative and at par after due study of our client’s requirements.
 Tax and Regulatory
Direct Taxes & Indirect Taxes (Service Tax/Gujarat Vat)
Direct taxation in India broadly refers to the Income Tax laws which involve personal tax,
corporate tax, minimum alternate tax, capital gains tax, international tax and transfer
pricing. We offer services in each of the above mentioned areas of tax and regulatory
Compliance.
1.1. Tax Strategy and Compliance
We endeavour to formulate an ideal tax strategy for our clients compliant with the law,
legitimately reduces tax bills and yet is not prone to invite litigation. This involves a
complete understanding of the ever changing tax laws which offer innumerable tax
optimisation opportunities in the form of deductions, exemptions and claims for losses and
expenses.
Our tax teams constantly monitor the development of jurisprudence, the statutory
pronouncements and the amendments in tax laws which invariably have far reaching
consequences on the clients’ tax strategies. Our knowledge plays a pivotal role in tax
planning, advisory and compliance services. Our regulatory compliance services ensure
that the clients attain a high level of stringent tax law compliances.
BHAVIN B SHAH & CO. – Firm’s Profile Page 6
1.2. Tax Representation
We provide representation services to clients at all levels of tax hierarchy ranging from
assessment to administrative and appellate stages. We have competence and resources to
serve clients at all levels of appellate stages ranging from Appellate Commissioners,
Dispute Resolution Panel, and Income Tax Appellate Tribunals. We also provide services
relating to obtaining rulings from Authority for Advance rulings.
1.3. International Taxation
Our Referral Partners can help to render this service for our valued clients. With the
globalization and integration of economies large corporations are operating in different tax
regimes with each one of them vying for their share of the corporations profit pie in taxes.
The end result can often be paying taxes in multiple tax jurisdictions on the same income.
We assist the foreign clients in entity structuring for Indian forays, transaction structuring,
advising on the agreements and contracts from tax perspective, understanding and
advising on treaty benefits, regulatory compliances and establishing sound global taxation
policies.
2. Audit and Assurance
Our audit and assurances service offerings are based on a complete understanding of the
clients’ business specifics, industry peculiarities and the applicable laws. The audit
approach is based on the compliance issues, the nature and requirement for audit, the
clients’ requirement and key risk issues involved. Our audit and assurance solutions range
from statutory audits, internal audits, tax audits, transfer pricing audits, management
audits, concurrent audits, stock audit, forensic audit, energy audit, operation audit and
others.
The audit deliverables range from reporting for statutory compliances to enhancing the
clients’ business financial and operational performance.
2.1. Statutory Audits
We conduct statutory and regulatory compliance audits for filing of annual or periodic
financial results. Statutory audits are aimed at achieving compliance with regulations and
mainly corporate laws, assessing the strength of controls, confirmation of accounting
treatments of recorded transactions, independent review of reported information and
preparation of accountants’ report.
BHAVIN B SHAH & CO. – Firm’s Profile Page 7
2.2. Tax Audits
Amongst the firms’ tax auditee clients are multinational companies, large and medium
corporations and small businesses, partnership firms, non-profit organisations and high
net worth individuals. The firm has dedicated audit teams which specialise in conducting
the audits effectively and diligently. It is also regulatory requirement of Income tax laws.
2.3. Internal Audits
The internal audits are conducted with varying client requirements but essentially the
objective thereof is to provide assurance on controls and procedures, evaluating job
specific risks associated with the organization and making suggestions to managers at all
levels.
2.4 Forensic Audits
The Forensic Audits are a very dynamic functionality with the objective of unearthing
fraud, errors or any malpractice conducted by management.
We do –
 Investigation and analysis of financial data
 Development of computerized applications that help in this analysis
 Presentation of the facts and findings in a comprehensible manner
 Assistance in the litigation (by providing documentation or expert witness)
2.5 Concurrent Audit
We conduct concurrent audits with an aim to do the examination of financial transactions
at the time of happening or parallel with the transactions. We create an environment of
warning systems to ensure timely detection of irregularities. We have to prevent fraudulent
transactions at branches itself.
2.6 Operation Audit
We do in-depth studies of Operations based on the nature of company processes and
operation. Our main goal is to determine whether internal control of the business, such as
policies and procedures, are sufficient and inter connected to produce an optimum level of
efficiency and effectiveness.
BHAVIN B SHAH & CO. – Firm’s Profile Page 8
2.5 Engagements to perform Agreed – upon procedures regarding
Financial Information:
We conduct this kind of assignment very confidentially and exactly as prescribed in the
engagement appointment letter. It is a highly dynamic tailor-made kind of assignment.
3. Indian Corporate Law Services
BBS & Co. offers corporate law and secretarial services in fields ranging from
incorporation of corporate entities, assistance in maintaining prescribed records,
convening and conducting meetings of the Board of Directors and shareholders, statutory
filings with the MCA and advising and representing the clients in corporate litigation at
Company Law Board matters.
KEY INDUSTRIES SERVED
 Information Technology & Software
 IT Enabled /BPO
 Manufacturing
 Garment Manufacturers
 FMCG Retailers/ Distributors
 Industrial Trading Concerns
 Foreign Companies having Branch / Liaison Offices in India.
 Education & Welfare
 Food Processing
 Pharmaceuticals
 Real Estate & Construction
 Travel, Tourism & Leisure
 Aviation
 Pharmaceuticals
BHAVIN B SHAH & CO. – Firm’s Profile Page 9

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Bhavin B Shah Co - CA Firm(1)

  • 1. BHAVIN B SHAH & CO. Chartered Accountants Firm’s Profile BHAVIN B SHAH & CO. – Firm’s Profile Page 1
  • 2. VISION To be a global Organization backed by high ethical values and standards that are socially accountable and responsible, contributing to sustainable economic growth of society, country and individual. To be frontrunners is our burning desire. MISSION STATEMENT To provide timely, proactive, innovative and independent assurance and financial tax services to businesses. To value our client’s exact requirements to get maximum benefit by our efforts is fundamental in our growth and success. To achieve maximum success for our clients in a diligent manner. To produce trained and effective employees for society cycle so that human resource as well as society both gains maximum benefit. We firmly believe that INTEGRITY has no substitute. We are constantly in pursuit of EXCELLENCE. We will be LEADERS in our sector. BHAVIN B SHAH & CO. – What we are - ? We are a premier accounting firm constituted and registered as Proprietor offering professional services in Auditing, Assurance, Taxation, Financial and Outsourcing services to domestic and multinational business entities. Currently, we have one service point at Rajkot from where our specialist teams of professional accountants, lawyers, company secretaries and management consultants offer a wide array of services to our clients across the length and breadth of India. Our whole team plus staff are committed to providing you with cost effective, high quality, innovative and practical solutions for your businesses. BHAVIN B SHAH & CO. – Firm’s Profile Page 2
  • 3. WHY - BBS & Co.? At BBS & Co. we strongly believe in establishing long term relationships with the clients. Starting right from the introductory meetings we will endeavour to make you feel the difference in the quality of service that you can expect and shall receive at BBS & Co. For us every client is equally important and when they pose their trust in us, it becomes our absolute duty to serve them with the utmost care and the highest level of professional competence. We may not be the largest firm and we do not have a global presence, but that works to our advantage. Our team is like a family. Every member of the team at BBS & Co. is encouraged to be friendly, professional and fully committed to delivering the best service. You will find that each team leader at BBS & Co. will serve you as an independent professional who is personally responsible and has a keen interest in the success of the assignment under his care. Our strength lies in our versatility and flexibility – a personal experience given by highly skilled professionals with vast experience backed by various firms and partners, ensuring that you are provided with an all round solution which is second to none. BHAVIN B SHAH & CO. – Firm’s Profile Page 3
  • 4. PROFILE OF PROPRIETOR Name: Bhavin Shah Qualification: ACA, M.Com Post-qualification experience: National as well as International In-charge: Rajkot Office Cell: +91 – 99 243 50 311 E-mail: cabhavinshah7@gmail.com Firm Name: M/s. Bhavin B Shah & Co. Membership No.: 153910 Firm Registration No.: 141948W Mr. Bhavin Shah is the founder of this firm. He is post graduate and an associate member of the Institute of Chartered Accountants of India with remarkable standing in this noble profession. He has wide experience in the field of Auditing, Business Development, Global business/finance and economy, Indian Taxation, Accounting, Financial Management, FEMA and Nri Advisory. He loves challenges and to achieve that which is next to impossible. He has vast experience in India and Africa where he was responsible for varied assignments. BHAVIN B SHAH & CO. – Firm’s Profile Page 4
  • 5. OUR TEAM MEMBERS & PEOPLE We recruit, train, motivate and retain highly capable and the sharpest talents, who bring quality in their work and deliver the best solutions. We nurture our people and turn them into our assets because we believe people are only biggest assets of our firm. We regularly conduct Continuous Learning programs, apart from undergoing CPE training with ICAI.  Preparation & Implementation of Accounting systems  Accounting & Auditing Standards (including IFRS)  Global Best Practices , Business and Economy  Information Technology & Auditing Techniques  Latest regulatory knowledge updates We have a strict Performance policy and our people progress in their careers solely based on their accomplishments. We reward achievements and support, inspire & help to improve skills. Some criterion of marking is as mentioned below.  Excellent Academic records  Superior Technical knowledge (Inf. Tech. must)  Interpersonal skills  Computing ability  Extracurricular achievements  Track record of a distinguished career OUR REFERAL PARTNER  The Integrate Services – Global Professional Group  IBSF – International Business Structuring Foundation in Mauritius, Madagascar and Dubai. BHAVIN B SHAH & CO. – Firm’s Profile Page 5
  • 6. OUR SERVICES Our service offerings include audit and assurance, tax and regulatory, business advisory for domestic and global businesses of all sizes. We offer a range of solutions which are ideal, practical, innovative and at par after due study of our client’s requirements.  Tax and Regulatory Direct Taxes & Indirect Taxes (Service Tax/Gujarat Vat) Direct taxation in India broadly refers to the Income Tax laws which involve personal tax, corporate tax, minimum alternate tax, capital gains tax, international tax and transfer pricing. We offer services in each of the above mentioned areas of tax and regulatory Compliance. 1.1. Tax Strategy and Compliance We endeavour to formulate an ideal tax strategy for our clients compliant with the law, legitimately reduces tax bills and yet is not prone to invite litigation. This involves a complete understanding of the ever changing tax laws which offer innumerable tax optimisation opportunities in the form of deductions, exemptions and claims for losses and expenses. Our tax teams constantly monitor the development of jurisprudence, the statutory pronouncements and the amendments in tax laws which invariably have far reaching consequences on the clients’ tax strategies. Our knowledge plays a pivotal role in tax planning, advisory and compliance services. Our regulatory compliance services ensure that the clients attain a high level of stringent tax law compliances. BHAVIN B SHAH & CO. – Firm’s Profile Page 6
  • 7. 1.2. Tax Representation We provide representation services to clients at all levels of tax hierarchy ranging from assessment to administrative and appellate stages. We have competence and resources to serve clients at all levels of appellate stages ranging from Appellate Commissioners, Dispute Resolution Panel, and Income Tax Appellate Tribunals. We also provide services relating to obtaining rulings from Authority for Advance rulings. 1.3. International Taxation Our Referral Partners can help to render this service for our valued clients. With the globalization and integration of economies large corporations are operating in different tax regimes with each one of them vying for their share of the corporations profit pie in taxes. The end result can often be paying taxes in multiple tax jurisdictions on the same income. We assist the foreign clients in entity structuring for Indian forays, transaction structuring, advising on the agreements and contracts from tax perspective, understanding and advising on treaty benefits, regulatory compliances and establishing sound global taxation policies. 2. Audit and Assurance Our audit and assurances service offerings are based on a complete understanding of the clients’ business specifics, industry peculiarities and the applicable laws. The audit approach is based on the compliance issues, the nature and requirement for audit, the clients’ requirement and key risk issues involved. Our audit and assurance solutions range from statutory audits, internal audits, tax audits, transfer pricing audits, management audits, concurrent audits, stock audit, forensic audit, energy audit, operation audit and others. The audit deliverables range from reporting for statutory compliances to enhancing the clients’ business financial and operational performance. 2.1. Statutory Audits We conduct statutory and regulatory compliance audits for filing of annual or periodic financial results. Statutory audits are aimed at achieving compliance with regulations and mainly corporate laws, assessing the strength of controls, confirmation of accounting treatments of recorded transactions, independent review of reported information and preparation of accountants’ report. BHAVIN B SHAH & CO. – Firm’s Profile Page 7
  • 8. 2.2. Tax Audits Amongst the firms’ tax auditee clients are multinational companies, large and medium corporations and small businesses, partnership firms, non-profit organisations and high net worth individuals. The firm has dedicated audit teams which specialise in conducting the audits effectively and diligently. It is also regulatory requirement of Income tax laws. 2.3. Internal Audits The internal audits are conducted with varying client requirements but essentially the objective thereof is to provide assurance on controls and procedures, evaluating job specific risks associated with the organization and making suggestions to managers at all levels. 2.4 Forensic Audits The Forensic Audits are a very dynamic functionality with the objective of unearthing fraud, errors or any malpractice conducted by management. We do –  Investigation and analysis of financial data  Development of computerized applications that help in this analysis  Presentation of the facts and findings in a comprehensible manner  Assistance in the litigation (by providing documentation or expert witness) 2.5 Concurrent Audit We conduct concurrent audits with an aim to do the examination of financial transactions at the time of happening or parallel with the transactions. We create an environment of warning systems to ensure timely detection of irregularities. We have to prevent fraudulent transactions at branches itself. 2.6 Operation Audit We do in-depth studies of Operations based on the nature of company processes and operation. Our main goal is to determine whether internal control of the business, such as policies and procedures, are sufficient and inter connected to produce an optimum level of efficiency and effectiveness. BHAVIN B SHAH & CO. – Firm’s Profile Page 8
  • 9. 2.5 Engagements to perform Agreed – upon procedures regarding Financial Information: We conduct this kind of assignment very confidentially and exactly as prescribed in the engagement appointment letter. It is a highly dynamic tailor-made kind of assignment. 3. Indian Corporate Law Services BBS & Co. offers corporate law and secretarial services in fields ranging from incorporation of corporate entities, assistance in maintaining prescribed records, convening and conducting meetings of the Board of Directors and shareholders, statutory filings with the MCA and advising and representing the clients in corporate litigation at Company Law Board matters. KEY INDUSTRIES SERVED  Information Technology & Software  IT Enabled /BPO  Manufacturing  Garment Manufacturers  FMCG Retailers/ Distributors  Industrial Trading Concerns  Foreign Companies having Branch / Liaison Offices in India.  Education & Welfare  Food Processing  Pharmaceuticals  Real Estate & Construction  Travel, Tourism & Leisure  Aviation  Pharmaceuticals BHAVIN B SHAH & CO. – Firm’s Profile Page 9