FIRM HANDBOOK

AJSH & Co LLP

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We provide real world solutions to complex business issues through our services

Efficient I Innovative I Cost Effective

About Us

• AJSH & Co LLP (“AJSH” or “we” or “us”), is an independent firm of Chartered Accountants and Business Advisors with its corporate office situated at New Delhi, India.

• AJSH has been established with the objective of providing wide range of services including Accounting and Bookkeeping, Audit and Assurance, Tax and Regulatory, Business consultation and Corporate Law.

• Our dedicated team of qualified and accomplished professionals and wide variety of services ensures that our client gets everything under one roof.

• AJSH consists of seven partners along with team of 120+ professionals with varied specialized skills.

• With more than 300 satisfied clients across the globe, AJSH takes pride to be one of the most trusted service partners by its clients.

About AJSH

AJSH is committed to be a leading multi-disciplinary business consulting organization, providing services with high level of trust and integrity. We believe in offering top quality services to our global clients.

• Provide value-driven results to our clients;

• Provide quality services to clients through team of best people;

• Uphold the highest professional standards and provide sound advice;

• Strengthen our reputation as trusted business advisers; and

• Win and maintain trust of all business associates and employees.

Our Vision

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Our Values

Registrations: ICAI (India), PCAOB (US)

Size: 120+ (Chartered Accountants, Company Secretaries, Certified Public Accountants (CPAs), Lawyers, MBAs)

Alliances: TIAG and UTN

Key Clientele’s Location: India, USA, Africa, Australia, Europe, Hong Kong, Japan, China, Malaysia, Singapore & Thailand

Head Office: New Delhi, India

Partners: Ankit Jain, Siddhartha Havelia, Manvi Arora, Chandramani Goel, Gautam More, Mehak Taneja and Rajeev Ranjan

Certification: ISO 9001:2008

AJSH is a team of highly qualified and experienced consultants from diverse professional fields and expertise consisting of: • Chartered Accountants having extensive experience of

Accounting, Bookkeeping, Audit, Tax and regulatory, Corporate Finance, Physical Verification and Business Advisory;

• Company Secretaries having experience of handling corporate and regulatory matters for various organizations;

• Certified Public Accountants (CPAs), Lawyers, MBAs; and • Other experienced accounting professionals.

Our team represents a coalition of professionals geared to offer sound financial solutions and advices. In addition, AJSH also has a strong business network with professional firms (such as legal, accounting, HR, tax and business advisory) across locations in and outside India. 5

Our Network

We are fiercely passionate about what we do. We achieve this through our focus on clients, our long-term commitment to our people and values, our global footprints and financial stability. Our clientele ranges from start-ups to large established business houses that operate across the globe in various sectors such as real estate, IT sector, pharmaceutical, automobile, manufacturing, finance, etc.

We have given the MNCs, enterprises and other professional firms more than one reason to work with us:

• Large platform of accounting and taxation services under one roof;

• Tailor made solutions with focused attention;

• Proactive approach to eliminate problems;

• A perfect blend of state of the art technology and rich experience; and

• Honesty, transparency and fairness in all our dealings.

Thus, we can help you achieve:

High level of accuracy Cost effectiveness Assistance from the

experts

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What makes us Unique?

2008-2010 (Initial Phase) Focus on strengthening the core • Executed PAN India projects with

30+ clients • Registered with PCAOB, USA • Audited 1st US listed company

2011 – 2013 (Growth Phase) Getting a stronger foot hold

• Professional strength crosses 50 with

100+ clients

• Became ISO 9001:2008 certified

• Became a member firm of TIAG,

getting firm’s foothold in Western

Countries

• 17 countries from Africa added to

International practice

2014– 2017 (Current Phase) Difference makers for our clients

• Professional strength crosses 100 with

300+ ongoing clients

• Global footprint in countries across US,

Europe & Asia Pacific

• Added 2 new business streams:

— International book-keeping and

accounting services

— Tax services for US, UK, Australia,

Canada and Singapore

• Became a member firm of UTN,

expanding firm’s presence in taxation

internationally

• Peer review clearance*

• Involved in Audit Engagement for 10 US

listed companies

*Peer review –evaluation of professional work by regulatory authorities and board working in the same field. 7

Our Journey… An Overview

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AJSH- a global player

Our Leadership Team

Managing Partner

M: +919810661322

E: ankit@ajsh.in

Ankit is a Bachelors in Commerce from Delhi University and a fellow member of Institute of Chartered Accountants of India, New Delhi. He is also certified in IFRS and Forensic Accounting and Fraud Detection. He is the co-founder of the firm. Prior to being associated with AJSH, Ankit worked with the Big 4 accounting firms (Pricewaterhouse Coopers India and Canada) and MNCs (American Express, India and Japan).

Specialization and Experience

Ankit carries extensive professional experience in various fields of financial advisory including tax and regulatory advisory, transactions advisory, valuations, inbound and outbound investment structuring, accountancy, audit and assurance. He possesses a profound public accounting experience for more than 17 years. He has been a member of Technical Committee of ICAI for updating the existing Accounting Standards on the basis of corresponding Indian Accounting standard.

His professional experience includes: • Providing transactions support services including investor/ target

identification, feasibility analysis, due diligence, valuations, transactions structuring and other support services;

• Investment advisory services including setting up joint ventures in India, fund raising, transactions structuring as well as entry and exit strategies;

• Statutory audit of major corporates in industries such as telecom, real estate, finance, infrastructure and aviation;

• Advising on Indian corporate tax, regulatory matters and international transactions;

• Assistance in SPAC transactions; and • Setting up business in India. In addition to above, Ankit is a USGAAP and IFRS expert and has also assisted clients in SEC and SEBI filings.

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Ankit Jain

Managing Partner

M: +91 9811325385

E: siddhartha@ajsh.in

Siddhartha is a Bachelors in Commerce from Delhi University and a fellow member of Institute of Chartered Accountants of India, New Delhi. He is also certified in accounting software like QuickBooks, Xero, FreshBooks, Wave, Zoho Books . He is the co-founder of the firm. Prior to being associated with AJSH, Siddhartha worked with Big 4 accounting firms (Pricewaterhouse Coopers India and Grand Thorntan, India) and MNCs (American Express, India).

Specialization and Experience

Siddhartha carries extensive professional experience in drawing business plans, outsourcing financial and accounting processes, viability studies, valuations and due-diligence. He leads the international accounting practice of the firm. He has more than 16 years of work experience. He is a Six Sigma Green Belt certified and has accredited various certificates from all his previous employers for his invaluable contribution to the business processes. He also mentors his teammates by conducting trainings for Accounting Standards, USGAAP and IFRS convergence, deferred taxation, impairment of assets and other technical matters.

His professional experience includes: • Providing support services to foreign clients in drawing business plans,

accounting and bookkeeping; • Assisting clients from US, UK, Australia, Singapore & Canada with their tax

filings; • Foreign investment advisory services; • Working with major corporates in industries such as manufacturing, retail,

information technology, telecom, real estate, finance and infrastructure; • Providing assistance in project financing and private equity; • Managing SOX audits, financial and legal due diligence, process reviews

and system assurance; and • Valuations of tangibles and intangibles. In addition to above, Siddhartha has also provided assistance to corporates in Merger and Acquisitions of companies from value consolidation perspective. 11

Siddhartha Havelia

Manvi Arora Manvi is a fellow member of Institute of Chartered Accountants of India and a Masters in Commerce from Delhi University. She is engaged in variety of assignments with various clients from telecom, manufacturing, trading and real estate industries from US, UK and Australia. With the total work experience of 8 years, Manvi leads the team of Taxation and Financial Accounting in the firm.

Chandramani is a qualified Chartered Accountant from Institute of Chartered Accountants of India and is also a Bachelors in Commerce. He has been involved with several assignments relating to internal audit, taxation and management support services to clients from telecom and manufacturing industries from India, US and Australia. He has more than 6 years of work experience.

Gautam is a fellow member of Institute of Chartered Accountants of India. He has 16 years of work experience and was a part of Big 4 Accounting Firm. He has worked as the Financial Controller with 6+years of cross-functional expertise in accounting, budgeting, management reporting, statutory reporting, regulatory compliance, working capital management, taxation, statutory and tax audits.

Chandramani Goel

Gautam More

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Mehak Taneja Mehak is a qualified Chartered Accountant from Institute of Chartered Accountants of India and a Bachelors in Commerce. She has been involved with several assignments relating to statutory audit, tax audit, direct and indirect taxation. With the total work experience of 8 years, Mehak handles ROC/ tax compliances and tax planning for the domestic clients of the firm. She has assisted various clients in their business setups including company incorporations & registrations in India.

Rajeev is a qualified Chartered Accountant from Institute of Chartered Accountants of India and also a Company Secretary (Exe). With his 11 years of work experience, he leads the team for accounting and taxation for domestic and international clients. He handles planning, reporting, and liaison with client in connection to the international accounting. He is also certified in Quick Books and Intermediate Financial Module.

Yitesh is a Certified Accountant, ACCA (The Association of Chartered Certified Accountants) from BPP University College, London. Along with a advance diploma in CIMA from London School of Business and Finance, London. He also holds a degree in Sustainable Performance Management from Manchester Metropolitan University, Manchester. He handles a team responsible for managing the clients from real estate, manufacturing and e-commerce. He is also certified in Quick Books, Intermediate Financial Module, Business and Language.

Rajeev Ranjan

Yitesh Bhalla

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Service Offerings

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Accounting & Bookkeeping Services

Page 19

Page 16

Tax & Regulatory Services

Page 17 Audit & Assurance Services

Transaction Advisory Services

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Page 21

USGAAP/ IFRS Consulting

Shares Services / Business Process Outsourcing

Page 22 Business Setup services

Page 23 Others

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Our Services

• Statutory bookkeeping

• Maintaining statutory records & accounting records

• Monthly closing of books

• Accounting reconciliations

• Consolidations of group businesses

• Accounts Receivables

• Accounts Payables

• Audit preparations

• Tax viz. withholding tax & indirect tax compliances

• Monthly or quarterly assistance in preparing output accounting reports

• Consolidated reporting services

• Financial reports for board meetings

• Preparation of forecasts & projections

• Cash flow management

• Cash flow budgeting and forecasting

• Accounting system implementation

• Payroll processing

We offer comprehensive accounting services to companies who wish to outsource their accounting functions. We can help you with:

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Accounting & Bookkeeping Services

• Statutory audit & certifications

• Internal & concurrent audits

• Tax audits

• Process / Transaction audit

• Management / Operational audit

• Propriety audits

• Audits of internal control & security systems

• Stock audit

• Due diligence

• Forensic / Risk audit

• Fraud investigation & dispute services

We provide assurance services to our clients for ensuring the best practices and compliance with the regulatory requirements. Our assurance services include:

• Auditing of special balance sheets relating to business reconstructions, reorganizations, mergers and liquidations

• Conversion of financial statements to IFRS/ Ind-AS

• USGAAP / PCAOB Audit

• Assistance & support for start-up, expansion and acquisition transactions

• Financial analysis of reports

• Framing of accounting policies & procedures

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Audit & Assurance Services

We understand that a judicious tax planning can give a cutting edge advantage over the competitors vis-a-vis value maximization. Successful tax planning is an inseparable part of business and investment planning that must be managed year-round. That’s why we integrate tax planning services into our overall role as financial advisors.

We offer wide array of regulatory services ranging from advisory to compliance services.

• Direct Tax

– Corporate Tax: We assist organizations in tax compliances and litigations. We also provide opinion on complex tax issues, review of tax strategy vis-à-vis business strategy, tax planning for mergers and acquisition and corporate reorganization.

– Personnel Tax: We manage tax computation for tax withholding, advance tax and tax filing purposes. Our team has experience of representation before revenue authorities. In our NRI desk, we also provide assistance in obtaining various registrations for non-residents such as registration with FRRO, PAN etc.

• Indirect Tax: Assistance in obtaining various registrations and routine compliances.

• International Tax: Assistance in preparation of transfer pricing documentation and representation in

litigations. We also provide assistance in tax compliances in various jurisdictions.

• Tax Planning: We offer tax planning services for domestic and cross border transactions to built efficient tax structure for the clients. 18

Tax & Regulatory Services

We appreciate that finances are of utmost importance to you. When it comes to money, it always pays to be on strong footing. We ensure availability of best deals to our clients with our commercial experience and vast network in funding community. Thus, we understand the business need for consolidation and value maximization.

We can successfully provide support and advisory services to an entire corporate finance project or undertake projects for specific elements. Our services include:

• Partner / target identification

• Business & equity valuation

• Financial & tax due diligence

• Transaction structuring

• Transactions support, negotiation & closing issues

• Mergers & acquisitions

• Financial modeling

• Tax consulting

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Transaction Advisory Services

AJSH is registered with PCAOB, United States of America to perform audits for SEC (Securities Exchange Commission) filings. Our team is highly experienced and knowledgeable in IFRS & USGAAP standards. We can assist you particularly in providing services concerning:

• First time adoption of US GAAP / IFRS

• Preparation of complete financial statements and consolidated financial statements in accordance with US GAAP / IFRS

• Audit of financial statements prepared under US GAAP / IFRS

• Accounting guidance for specific transactions

• Preparation of reporting for management needs and for consolidation purposes in accordance with US GAAP / IFRS

• SOX 404 audit & compliance

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USGAAP / IFRS Consulting

AJSH works with clients as a strategic partner in their business and offers services on an hourly, fixed fee, or retainer basis and help organizations to reduce and control operating costs while improving focus on the key issues of running the business.

Our services include:

• Setup assistance

• Recording of financial transactions

• Accounts Receivable management

• Accounts Payable management

• Reporting and compliance

• Inventory management

• Taxation

• Financial & analytical support

• Budgeting & forecasting

• Mentoring & training

• Scanning & folder management

• Maintaining cash flow

• Job costing

• Transition services

• Payroll processing

• Data entry

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Shared Services/ Business Process Outsourcing

We provide services to help our clients for the initial setup and formation of the business entities. Our services include:

• Formation of business entities

• Registrations with various authorities

• Business entry advisory services

• Preparation & filing of incorporation documents

• Identifying the suitable form of business

• Drafting of charter documents (MOA/ AOA)

• Assistance in Trade Mark & IP registration

• Secretarial and administrative support

• Post incorporation services (audit, taxation, bookkeeping etc.)

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Business Setup Services

• Physical verification & reconciliation

• Primary research (surveys & market study)

• Human Resource support

― Temp resource

― Recruitment services

• Management consulting

• Business setup services across geographies

• Secretarial services

• Fixed Assets management

• Inventory management

• Virtual office

• Resident directors

Other important services provided by AJSH include:

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Others

AJSH has brought together a team of highly qualified and experienced consultants from diverse professional fields and expertise who understand the rapid changes taking place in the global business environment.

We focus on the demands of our clients and combine all our skills, technical knowledge and expertise to deliver the best possible solutions.

We deploy the right mix of people and best-in-class technology to meet our client’s needs. Our team is capable of using following software:

Understand & Setup

Deliver

Feedback & review

• Financial Software: SAP, Oracle, QuickBooks, Xero, Zoho • Personnel Accounting Software: Quicken, Mint • Billing & Invoicing Software: FreshBooks, Bill.com • Payroll Software: Intuit, Paychex, Gusto, Wells Fargo • Property Management Software: AppFolio, Propertyware,

Buildium • Tax Software: Genius, TaxAct, TurboTax, IRIS, Digita, VT • Asset/ Inventory Management software: WIMS

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Why us

Our Credentials

More than 10 SEC listings / FINRA Broker Dealer / PCAOB Audits

Extensively worked in Africa in more than 16 countries

Worked for 5 SPAC transactions

FDI transactions with cumulative

value of $200 million

Working with all the major telecom

giants (12) in India

Covered telecom audits for over 800

thousands locations over last 10 years

Expertise in all major accounting

packages used across the globe

Over 200 clients in shared services

division from US, UK, Australia,

Singapore and many other countries

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Select Credentials

Thank You!!

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AJSH & Co LLP C-7/227, Sector-7, Rohini New Delhi- 110085 T: +91-11-4559 6689 E: info@ajsh.in W: www.ajsh.in

Mr. Ankit Jain M: +91-98106 61322 E: ankit@ajsh.in

Mr. Siddhartha Havelia M: +91-98113 25385 E: siddhartha@ajsh.in