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    CHARTEREDACCOUNTANTS

    Table of Content

    Corporate Profile

    ZAHID JAMIL & CO

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    1. HISTORY OF ZAHID JAMIL & CO ____________________________________________ 1

    2. OUR INTERNATIONAL ASSOCIATION ________________________________________ 2

    3. ACCREDITATIONS _______________________________________________________ 4

    4. SERVICES WE OFFER _____________________________________________________ 5

    4.1. Assurance and Audit Services _________________________________________________ 6

    4.2. Taxation Laws Services _______________________________________________________ 8

    4.3. Corporate Laws and Secretarial services _________________________________________ 8

    4.4. Accounting & Book Keeping Services ___________________________________________ 8

    4.5. Business Advisory Services____________________________________________________ 9

    4.6. Financial Management & Business Consulting Services _____________________________ 9

    4.7. Outsourcing Services _______________________________________________________ 10

    5. OUR CLIENT BASE ______________________________________________________ 11

    6. BOARD OF DIRECTORS __________________________________________________ 12

    7. OUR OFFICE LOCATIONS & CONTACT C.E.Os _________________________________ 13

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    1.HISTORY OF ZAHID JAMIL & CO

    Since the establishment of Zahid Jamil & Co. Chartered Accountants in 1971 by Mr. Suleman

    Zahid Jamil (as sole proprietor), the firm has been committed to building wealth and security for

    our client by providing traditional accounting, auditing, taxation and consulting services to

    closely held businesses. As one of the leading national accounting, audit, tax and consulting firm

    in Pakistan, Zahid Jamil & Co has a history of steady growth.

    As Zahid Jamil and Co began to grow in numbers and experiences, its service also we offer also

    began to expand throughout the 1970s and 1980s. In 1992 a new service line of Information

    Technology was established and also during that time, the firm saw continued growth in

    financial services area. Human resource consulting services were also provided under the

    platform of Zahid Jamil & Co.

    In 1997, the firm became member ofBKR International, which is an International Organization of

    accounting and audit firms. In 2000 the firm (after resigning from BKR International) joined

    Prime Global (Currently Prime Global).

    Since 2005, the Firm started to provide Business Risk and ERP (Enterprise Resource Planning)

    Consulting Services which include Information System Audit, Business Process Re-engineering,

    and Development of customised and industry specific ERP Solutions and Implementation of off

    the shelf ERP Solutions.

    Now, we continue look towards the future and follow our vision plan. We also remain focused to

    our clients needs and continue to develop quality, timely and innovative solutions.

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    2.OUR INTERNATIONAL ASSOCIATION

    We are a Member Prime Global - one of the biggest association of professional services Firms in

    the World. The substantial increase in size for the merged association will enhance Prime Global

    member firms' ability to provide resources to meet growing international client demands, as well as

    dramatically increase member firms' ability to benchmark and share ideas to improve operations

    and profitability.

    Founded in 1977 and 1978, IGAF Worldwide and Polaris International moved on a parallel track for

    decades, with Polaris growing strong in Europe, and IGAF expanding rapidly in North America. In the

    early 1990s, because of the European Common Market, the firms of Fidunion International also saw

    the benefits of grouping together. All three associations grew side-by-side, a system sustained by

    strong geographic exclusivity. One city, one member, and sometimes one country, one member!

    Prime Global numbers over 350 firms in 90 countries, with more than 800 offices, 2,200 partners,

    and 17,000 staff offering their thought leadership to help other member firms and their clients

    succeed

    Prime Global members are typically regional, full-service public accounting and management

    consulting firms. These highly successful independent firms, with multiple offices in major

    metropolitan areas, provide technical assistance in traditional accounting and auditing, tax services,

    and specialized services such as privatization support, fiscal management support, streamlining

    accounting systems, litigation, strategic planning, business valuations, information technology

    consulting, system planning, and law firm services.

    Because Prime Global is one of the largest associations of its kind in the world, it provides member

    firms with the strength and capabilities of a large, worldwide organization with diverse technical

    skills and geographic representation not possible for a local firm alone. Members exchange technical

    advice and assistance in every service performed by the profession. Prime Global members are

    selected based on exacting requirements for size, reputation, areas of practice, diverse technical

    capabilities, and geographic location. These requirements must be met not only to gain admission

    but also to retain membership. Periodic inspections ensure that member firms continue to meet

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    these membership requirements.

    Disclaimer

    "Zahid Jamil & Co is a member of Prime Global, a worldwide association of independent accounting

    firms and business advisors. Prime Global does not and cannot offer any professional services to

    clients. Each Independent member of Prime Global is a separate firm and an independent legal

    entity. Prime Global is not a partnership and independent firms are not acting as agents of Prime

    Globalor other independent member firms

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    3.ACCREDITATIONS

    The firm is on the approved panel of

    Securities and Exchange Commission of

    Pakistan (SECP)

    Institute of Chartered Accountants in

    England & Wales (ICAEW)

    Institute of Chartered Accountants of

    Pakistan

    Institute of Cost & Management Accountants

    of Pakistan (ICMAP)

    Pakistan Institute of Public Finance

    Accountants (PIPFA)

    State Bank of Pakistan (SBP)

    International Air Transport Association (IATA)

    Federal Board of Revenue (FBR)

    Karachi Stock Exchange (KSE)

    Islamabad Stock Exchange (ISE)

    Lahore Stock Exchange (LSE)

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    4.SERVICES WE OFFER

    Zahid Jamil & Co (ZJ) maintains the highest standards of professional independence and quality and

    risk management (QRM). It provides a comprehensive range of seamless, consistent, high quality

    client services worldwide. These include Assurance & Advisory Business Services (AABS),Tax

    Compliance and Advisory Services, Business Risk Services including Internal Audit, Technology &

    Security Risk Services (TSRS), Transaction Advisory Services (TAS) including Corporate Advisory

    Services and Business Advisory Services (BAS). ZJ recognizes that to deliver real value to its clients, it

    must anticipate and address the challenges arising in their industries. One of the key benefits the

    Firm offers its clients is its ability to provide integrated services along industry lines.

    ZJ in its commitment to observe worldwide professional standards of excellence firmly believes in its

    culture, values and conviction. The culture being to be creative, resourceful and decisive, driven

    by belief in the dictates of professional independence, integrity, respect and our passion for

    excellence. To inculcate strong sense of leadership in our people to lead their teams, it provides

    enabling environment to manage their own careers, assume personal responsibilities to serve clients

    and exceed their expectations. The leadership culture is all-pervasive throughout the Firm and

    provides ample opportunities to our people to be decisive in action, pragmatic in approach, and

    aggressive in execution of service.

    1.Assurance & Audit Services

    2. Taxation Laws Services

    3. Corporate Laws & Secretarial services

    4. Accounting & Book Keeping Services

    5. Business Advisory Services

    6. Financial Management & Business Consulting Services

    7. Outsourcing services

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    4.1. ASSURANCE AND AUDIT SERVICES In a world shrinking in distance and economically becoming increasingly border-less,

    the success of the business is pre-dominantly heavily reliant on reliable financial

    information which promotes confidence and mitigates an array of uncertainties.

    Credible information needs to be corroborated by the desired level and kind of

    professional assurance ranging from statutory audit of financial statements to a variety

    of other forms of assurances and attestations consistent with the varying needs of theusers of such information. Traditional audit has thus undergone a quantum and

    substantive change from auditing the financials to auditing the business.

    We provide a wide range of assurance services, with the primary focus on the objective

    of assurance on the reliability and relevance of financial information and a host of non-

    financial aspects, data, processes, operations and procedures and on the effectiveness and

    efficiency of controls.

    Our Audit Methodology

    Our Audit Methodology enables us to provide effective and efficient delivery of quality assurance

    services. The significant features of GAM are a sharp focus on business risks specific to a client, a

    higher degree of emphasis on reliability and tests of controls, analytical review, building and

    sharing knowledge, skeptical approach, teamwork and Partner - Manager Involvement

    through all the significant phases of an audit.

    Our principal audit and assurance services include:

    Statutory Audit

    Tax Audit

    Cost Audit

    Portfolio Audit

    Insurance claims-compilation and validation

    Compilation, review and validation of prospective financial statements

    Review and compilation assignments

    Fraud Investigation and Dispute Services

    Statutory Audit

    Commonly referred to as financial audit, this is carried out, both for domestic and multinational

    enterprises, which may be public or private limited companies, branches of foreign entities,

    representative and liaison offices of offshore companies, construction and for other projects,

    provident, pension, gratuity and other employee-benefit funds, trusts, charities and non-

    governmental organizations. The scope of audit is generally governed by the company law

    framework or other statute as applicable. Assurance expressed and communicated through a

    professional opinion on the truth and fairness of the financial statements audited constitutes thecore objective of a statutory audit. The audit has to conform to the International Standards on

    Auditing (ISAs), issued by the International Federation of Accountants (IFAC), as applicable in

    Pakistan.

    In addition to the short form opinion on the financial statements, a separate issue-focused

    Management Letter or a Memorandum on significant internal control weaknesses and business

    risks and issues is provided to the management helping them to take necessary remedial measures

    well in time.

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    Tax Audit

    Both for direct and indirect taxes, tax authorities occasionally engage external

    professional assistance to provide assurance on compliance with various aspects of the

    Income Tax, Sales Tax and other tax statutes. From a comprehensive assurance on the

    declared operating results of a tax payer to any specific aspect of tax compliance, the

    scope of engagement varies from case to case depending upon the degree of assurancesought by the tax authority on the reliability of such declarations, taxes withheld and

    deposited, input-output adjustment for sales tax purposes and such other aspects of

    compliance.

    Cost Audit

    Assessing cost effectiveness and cost control is becoming an increasing concern of responsible

    managements aiming for a growing market share at competitive costs and optimum realisable

    prices. Cost audit and studies thus play an important role in optimising use of enterprises

    resources and in reaping the benefits of customer-satisfaction. These audits are carried out on a

    set of historical costs or based on standard or projected data for achieving specific business

    objectives.

    In Pakistan, costs audit is mandatory in terms of Company Law requirement for certain classes

    of companies engaged in production, processing, manufacturing or mining activities, such as

    cement and edible oil industry.

    Portfolio Audit

    In the context of banks, financial institutions and other enterprises in the financial services

    sector, the quality of the loan portfolio has singular significance. Portfolio audit, therefore, is

    carried out to determine, by review of records, documents and evaluation of collaterals, the

    extent of non-performing accounts and in consequence, assess the adequacy or otherwise of thecorresponding provision for doubtful debts.

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    4.2. TAXATION LAWS SERVICES

    A. Corporate Taxation Services

    B. Tax Due Diligence Review

    C. Personal Taxation services

    D. General Sales Tax (GST) Planning, consultation, compliance and reporting service

    4.3. CORPORATE LAWS AND SECRETARIAL SERVICES

    4.1.Strategic Corporate Consultation

    4.2.Secretarial and Corporate Compliance Reporting Services

    4.3.Public Floatation Services for share and other securities

    4.4.Share registrar services

    4.5.Privatization

    4.6.Foreign Investment Facilitation and Consultation.

    4.7.Corporate Governance Enablement

    4.8.Liquidation Proceedings

    4.9.Advisory Services and Support to Not for Profit Organizations

    4.4.ACCOUNTING & BOOK KEEPING SERVICES

    1. Use of our staff at the clients premises or Zahid Jamil & Co premises to carry out book

    keeping accounting under our supervision.

    2. Preparation and analysis of accounts on a periodical basis, for management review.

    3. Making out all statements and returns required for submission to the various associations

    and government authorities.

    4. Providing assistance on preparation of various management and financial reports required

    for decision-making.

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    5. Offshore online Accounting and Book keeping services are also provided with the help of

    offshore book keeping software and high speed DSL Internet Connection.

    4.5. BUSINESS ADVISORY SERVICES

    1. Foreign Investment Facilitation and Consultation

    2. Financial Litigation and Dispute Resolution Support

    3. Contract Consulting Services

    4.6. FINANCIAL MANAGEMENT & BUSINESS CONSULTING SERVICES

    Services are directed towards:

    1. Helping clients evolve their mission statements.

    2. Strategy development to reap rewards of change which is accelerating exponentially and

    manage risks implicit in the venture.

    3. Appraise business proposals and develop a range of options for enhancing enterprise value.

    4. Identify value drivers of business.

    5. Undertaking performance management appraisal.

    6. Helping change-management and change-enablement.

    7. Assisting in strategic financial planning process.

    More specifically, these services include:

    4.1.Feasibility studies

    4.2.Strategic financial planning and management

    4.3.Valuation and appraisal of assets and businesses

    4.4.Profit and performance management strategies

    4.5.Business strategic planning

    4.6.Corporate recovery and turnaround services

    4.7.Business Risk Consulting

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    4.8.Computer Risk Management (CRM)

    4.9.Business Process Re-engineering

    4.7.OUTSOURCING SERVICES

    Outsourcing of non-core activities and function, on a complete or partial basis, customized to

    the specific needs of various clients, have assumed a wide dimension embracing multifarious

    task and services which include:

    1. Managing finance and accounting department.

    2. Undertaking book keeping and accounting task, both manual and technology-based system

    including preparation and processing of underlying documents.

    3. Payroll preparation and related services4. Internal audit on a comprehensive, continuing or need-specific basis restricted to specific

    department, division, function and activities prompted by risk orientation and risk

    assessment.

    5. Staff secondment on short or long term basis for carrying out various designated functions

    under managements own control and supervision.

    6. Processing of high-volume transactions involving repetitive function and processes, such as

    data input for stand-alone or network solution.

    7. Preparation and handling of monthly and periodical returns / statements prescribed under

    Income Tax Law, withholding tax statement, challans and related tasks, monthly and

    quarterly sales tax returns and reconciliation with related records and Handling of

    expatriates executive remuneration matters.

    8. Support services to international lending and donor agencies

    9. Assistance and coordination in determining and handling payment and tax aspects of dues

    payable to employees under severance and retirement benefit schemes, Golden

    handshake Schemes or any other

    10.Voluntary retirement or severance scheme.

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    5.OUR CLIENT BASE

    The clients serviced by us are small to large, both in public and private sectors and

    are engaged in the following diversified range of business:

    Automobile Insurance

    Aviation Leasing

    Banking and investment Leather and tanning

    Broadcasting and electronic media Modarabas and Mutual Funds

    Cement and Tiles Oil and gas

    Charities, Foundations and NGOs

    Paper and allied

    Communication Pharmaceuticals and chemicals

    Construction Poultry and dairy farm

    Distribution Power and utilities

    Engineering Publishing and media

    Financial Institutions Security and brokerage houses

    Food, beverages and allied Share depository

    Foreign donor organisations Stock exchanges

    Glass and ceramic Sugar

    Government agencies Telecommunication

    Health care and hospitals Textile and garments

    Hospitality Tobacco

    Institutions, Clubs and Transport - Airlines and Shipping

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    6.BOARD OF DIRECTORS

    NAME STATUSAREAS OF

    SERVICECONTACT INFORMATION

    Suleman Zahid Jamil

    FCA,FPA

    Chairman/ Founder /

    C.E.O Lahore Office

    All Services [email protected]

    Cell # : 0321-8546565

    Muhammad Zakaria Loya

    FCA

    Director / C.E.O

    Karachi Office

    Audit & Taxation

    Services

    [email protected]

    Cell #: 0321-2367447

    Muhammad Mazhar Arshad

    ACA

    Direcor / C.E.O

    Islamabad Office

    Audit & Taxation

    Services

    [email protected]

    Cell #:345- 5544164

    Muhammad Amin Sheikh

    FCA

    Director / C.E.O

    Faisalabad Office

    Audit & Assurance

    Services

    [email protected]

    Cell #: 0321-8664404

    Rasheed Ahmad Sheikh,M.Com, L.L.B , Advocate

    Supreme Court of PakistanDirector

    Taxation & Other

    Laws [email protected]

    Cell #: 0300-4746458

    Ehtisham Suleman Zahid,

    FCCA

    Director Taxation &

    Accounting

    Services

    [email protected]

    Cell #: 0321-8667565

    Arslan Haroon Khawja ACA Director Consulting and

    Business Risk

    Management

    Services

    [email protected]# 0300-9722080

    mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]
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    7.OUR OFFICE LOCATIONS & CONTACT C.E.OS

    LOCATION CONTACT C.E.O

    KARACHI

    Abid Chamber (Formerly : Al- Yousuf Chambers)

    Sharah e Liaqat, New Challi

    Karachi 74200.

    Tel : 92 21 2639066, 2639511

    Fax : 92- 21- 2621234

    E-mail :[email protected]

    MUHAMMAD ZAKARIA LOYA

    Cell # +92-0321 - 2367447

    0321 - 2367447

    LAHORE

    Office No. 234-235, 2nd Floor

    Land Mark Plaza, Jail Road, Lahore

    Tel :92-42-35877817-18

    Fax : 92-42-35877820

    E-mail :[email protected]

    SULEAMN ZAHID JAMIL

    Cell # +92-321-8546565

    FAISALABAD

    Al-Jamil Heights, 7-Medina Town

    Ext. Kohinoor Chowk Off, Jarnawala Road,

    Faisalabad

    Tel : 92-41-87205065-68

    Fax : 92-41-8725070

    E-mail :[email protected]

    MUHAMMAD AMIN SHEIKH

    Cell # +92-321-8664404

    ISLAMABAD

    Office # 443, Street # 40,

    I 8/2, Islamabad

    Tel: 92-51-8317545

    Fax: 92-51-4435640

    E-mail:[email protected]

    Muhammad Mazhar Arshad (ACA)

    Cell# +92-345-5544164

    mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]