Dutta
Sarkar & Company
Chartered Accountants.
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
PROFILE
1.0
: M/S.DUTTA SARKAR & COMPANY
2.1
Name of the Firm
Year of Establishment
Firm Registration No.
3.0
with ICAI
Address
4.0
Branches
5.0
Partners/Designation
Name
Managing Partner:
- De Partha Sarathi
FCA,DISA
02.04.82
- Dilip Basu
FCA
01.07.09*
- Dutta Bijan Kumar
M.COM,
LLB,FCA
02.11.01
- Adak Asit Kumar
- Roy Khettra Mohan
FCA
FCA,
FICWA
FCA,DISA
FCA
FCA,DISA
FCA
FCA
FCA
01.09.05
31.03.94
2.0
: 1959
303114E
: 7A, Kiron Sankar Roy Road, 2nd Floor,
Kolkata – 700 001
Phone: +91-33-4006-1430 (D)
+91-33-2248-1760,
+91-33-2213-1333,
Fax : +91-033-2210-3885,
+91-33-2282-4889,
Email: info@duttasarkar.com
dusac.2009@rediffmail.com
dusac@vsnl.net
Website: www.duttasarkar.com
: NEW DELHI: MUMBAI: JAIPUR: GANGTOK:
DURGAPUR
Since
Senior Partners:
Deputy Managing
Partner:
Partners:
-
Chakrabarti Mainak
Patra Bidyut Kumar
Jain Ajit Kumar
Deepankar Basu
Mukherjee Srisanta
Ghose Pradip Ranjan
30.12.05
30.06.06
31.12.03
01.07.09*
15.10.10
15.10.10
* CA Dilip Basu and CA Deepankar Basu were partners of M/s D.K. Basu & Co, Chartered
Accountants, established on 10th August 1957, subsequently been merged in M/s Dutta Sarkar &
Co on and from 1st day of July 2009, following rule of the Institute of Chartered Accountants of
India.
They were partners in said M/s D.K. Basu & Co as under: CA Dilip Basu since 10.08.1957
CA Dipankar Basu since 17.02.2003
6.0
Qualified Assistants
7.0
IT Professional
: CA Shah Mayura, ACA
CA Anuj Jain, ACA
: 02 Nos
1
Dutta
Sarkar & Company
Chartered Accountants.
8.0 Engineering & Other
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
: 02 Nos
technical personnel
(including Part time)
9.1
Semi Qualified
: 7 Nos
9.2
Assistants
Office Staff
: 10 Nos
9.3
10.0
Articled Clerks
AREAS OF SERVICES
10.1 Audit
10.2 Taxation Services
10.3 Company Law Matters
8 Nos
:
 Statutory Audit
 Tax Audit
 VAT Audit
 Internal Audit and Management Audit with the
services aimed at Governance and Risk
Control
 Audit of Computer Systems
 Due Diligence Audit
For Banks
 Concurrent Audit
 Stock & Book Debt Audit
 Information System (IS) Audit
 Depository Participants Audit (DP Audit)
 Secretarial Compliance Audit
 Credit Audit
 Revenue Audit/Income –Expenditure Audit
 Pre –Disbursement Audit
 Reviewing clients Income Tax Returns
 Preparing clients Income Tax Returns
 Representing clients in dealing with tax
authorities
 Preparing protest appeals and claims for
refund
 Assisting clients in tax planning
 Advising clients on tax implications of
proposed contracts or financial transactions
 Acting as general advisor on tax matters
 Tax Planning
In rendering tax advisory service we
essentially help the client to:
 Minimize his tax liability within the provision of
the law.
 Avoid risk of penalty impositions due to
erroneous filing of return
 Incorporation of companies
 Maintenance of Statutory Record
 Preparation of prospectus and statement in lieu
of prospectus
 Filing of various Statutory Returns
 Company Law Matters in general.
2
Dutta
Sarkar & Company
Chartered Accountants.
10.4 Consulting
10.5 Others and those IT
related
10.5
Empanelled/Licensed
with
Financial Institutions
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
 Cost Studies of Manufacturing Industries
including “Input & Output” Calculations and
Ratios
 Financial Consultancy, Viability Study and
planning including Project Development
 Investment Promotion Strategy
 Project Identification and Formation
 Pre-feasibility studies
 Financial Analysis and projections.
 Forecasting & Budgeting.
 Cash planning & funding
 Funds management.
 Capital expenditure on projects.
 Profitability Analysis and cost accounting.
 Management Information system.
 Strengthening the internal control system
 Credit management
 Improving the Accounting Systems / Procedures
 Computerized Accounting Services
 Development and Improvement of Software
system in Accounting
:  Comptroller and Auditor General of India
(565/CAL)
 Asian Development Bank(ADB’s CMS vide
Registration No 007783)
 Public Company Accounting Oversight Board in
US (Confirmation e-code egHLQ3CD)
 Reserve Bank of India (Pin No. 071896)
 Central Registrar of Cooperative Societies, New
Delhi
 Department of Agriculture and Co-operation,
NABARD
 IRDA (D-0050)
 SISI
 West Bengal Industrial Development Corporation
 Govt. of Sikkim, Finance Department
 Kolkata Urban Services for the Poor (KUSP)
 Registrar of co-operative societies, government
of West Bengal
 West Bengal board of secondary education,
grant-in-aid section, Govt. of West Bengal
 Royal Audit Authority, Government of Bhutan
:  West Bengal Financial Corporation
3
Dutta
Sarkar & Company
Chartered Accountants.
Banks
11.0
Exposure & Experience
11.1
Schedule of a few
selected assignments
executed by our firm
As Statutory Auditor
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
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

: 















Andhra Bank
Allahabad Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Dena Bank
Oriental Bank of Commerce
Punjab National Bank
State Bank of India
UCO Bank
United Bank of India
Union Bank of India
State Bank of Hyderabad
Indian Overseas Bank
State Bank of Indore
Syndicate Bank
Vijaya Bank
 National Insurance Co. Ltd. (PSU)
 Durgapur Projects Limited (PSU)
 Bharat Sanchar Nigam Limited.(West Bengal
and Assam Circle) PSU
 Life Insurance Corporation of India, Thane
Division (PSU)
 Eastern Coal Fields Ltd.(PSU)
 Oriental Insurance Co. Ltd. (DIV.VI) (PSU)
 Bharat Bhari Udyog Nigam Ltd. (PSU)
 Bisra Stone Lime Co. Ltd (PSU)
 State Trading Corporation of Sikkim
 West Bengal State Health & Family Welfare
 Lee & Muirhead Ltd.
 National Iron & Steel Co. Ltd (PSU)
 Balaji Logs Products Pvt. Limited
 M.K. Patel Exim Pvt. Limited
 S.N. Bose National Centre for Basic Science.
 Saha Institute of Nuclear Physics
 Indian Institute of Port Management, Kolkata
 West Bengal Essential Commodities Supply
Corporation Limited
 Indian Association for Cultivation of Science
 Kaycee Trading Co
 K. B. Sales Limited
 Mintri Tea Co. Pvt. Limited.
 American Churches of God Mission
4
Dutta
Sarkar & Company
Chartered Accountants.
11.2
11.3
11.4
11.5
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
As Peer Reviewer
(Appointed by SEBI)
As Internal Auditor
 Power finance Corporation Limited(Sikkim
Project)
 Reliance Communication Ltd
 Mahindra & Mahindra Financial Services Ltd
 Orissa Minerals Development Company .Ltd
 Andrew Yule & Co Limited (Switchgear Unit)
 Dunlop India Limited
 Power Max India Limited
 Vikash Metal & Power Limited
 West Bengal State Rural Development Agency
 Xenitis Infotech Limited
 Basil International Limited
 Maharshtra Power Generation Corpn.Limited
State Bank of India( 2007-08,2008-09,2009-10)
As Central Statutory
Auditor of Banks
As Branch Statutory
Auditors of Banks
Conducting Statutory Audit of Banks’ Branches since 70s of the last century i.e.
soon after nationalization. Schedule of assignment since 1990 are given below:
State Bank of
Aurangabad, Nabingar, Daudnagar, Bihar
India
2003-04 Howrah Commercial, J. L. Nehru Road
Commercial, Siliguri Station Feeder Road, Siliguri,
2004-05, Gangtok
06-07
Kolkata Main Branch.
State Bank of
2000-01 Mahububgunge, Miryalguda, ADB- Miralguda
Hyderabad
Andhrapradesh Lansdown, Brabourne Road,
Kolkata L.B. Nagar Hyderabad
2001-02
11.6
 Orient Day School
 Xenitis Infotech Limited
 Basil International Limited
 Central warehousing Corporation
 Wipro Ltd.
2002-03
Other Assignment in
Banks
Name of Banks
Allahabad Bank
Syndicate Bank
Bank of Rajasthan
Union Bank of India
UCO Bank
Shahapurnagar, Vizag-Dwarkanagar
Andrapradesh
Thousands light, Chennai,KarimnagarAndhrapradesh
Inspection
Audit
No.
Since
of Br.
Revenue
Audit
No.
Since
of Br.
02
1993
Concurrent Audit
No.
of Br.
01
01
01
01
03
Since/For
the years
Oct,2011
Oct,2009
Oct,2009
Oct,2008
1993-95,
2001-03
5
Dutta
Sarkar & Company
Chartered Accountants.
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
United Bank of India
80
1982
90
1982
05
Punjab National Bank
19
1991
22
1991
02
16
1991
02
03
1994
03
10
03
1993
1994
02
03
15
1993
Bank of India
Punjab & Sind Bank
Indian Bank
Central Bank
Indian Overseas Bank
Oriental Bank of Commerce
Vyasya Bank
Allahabad Bank
Bank of Maharashtra
11.7
02
10
Oct,2008
1994
1994-95
to 99-00
1997,
2001-03,
2005
to
2007
1994-98
1990
1993
1999-02
1995-97,
1998-02
01
02
01
1995-96
03
1999
1999-03
01
2000
2000-02,
2004-05
Bank of Baroda
04
1996
03
1997-99,
02-03
State Bank of Indore
01.01.06
to
01.01.08
Besides the above our firm has been engaged by various Banks for various other
assignments as under:
Credit Audit
Bank of Maharashtra,
Punjab & Sind Bank
Audit/Evaluation of
United Bank of India,
Stock/Other Securities
Bank of Baroda,
Concurrent Audit and
Canara Bank
Stock Audit of the Unit
IDBI Bank/FIS
financed by
Indian Bank,
United Bank of India,
UCO Bank,
Oriental Bank of Commerce,
Union Bank of India,
Bank of India
6
Dutta
Sarkar & Company
Chartered Accountants.
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
About Partners
1. CA DE PARTHA SARATHI, Managing Partner
Qualified as a Chartered Accountant in 1974, obtained Master Degree in Commerce
from Calcutta University and is a qualified IS Auditor captioned DISA, a post
qualification diploma of ICAI.
Joined a Nationalized Bank, Calcutta as an officer in 1975 and resigned in1982 to join in
practice of Chartered Accountancy as a Partner of the firm.
During the tenure of seven years of service in the Bank, had worked in various
departments mainly in the Inspection department of the bank and gathered valuable
experience in Banking and firsthand knowledge of Internal control and management of
the Bank’s Branches. Independently handled and completed inspection of Rural, Urban
and Metropolitan branches in various states, including credit appraisal and monitoring.
Apart from successfully conducting various types of audit of Private and Public Sector
Companies and Banks, including Revenue Audit, Credit Audit, Statutory Audit and
Concurrent Audit, rendering valuable financial management service and taxation advice
to a number of firms and companies in the Private and also in Government Sector.
Is currently member of Fiscal Sub-Committee (Direct Tax) of BCCI and Corporate Laws
Standing Committee of Bengal National Chamber of Commerce & Industry (BNCCI).
Had served as a member in the following committee and Board of ICAI: IASB
International Affairs Committee
Expert Advisory committee
CPE committee
Is the founder Convener of Madhya Kolkata Chartered Accountants Study Circle, EIRCICAI.
2. CA BASU DILIP, Senior Partner
Qualified as a Chartered Accountant in the year 1957.
Started practice of Chartered Accountants from the year 1957.
specialized in Direct Tax Matters. Represented a large number of Income Tax and
Wealth Tax Tribunal Cases, conducted large number of Search & Seizure Cases and
represented a number of cases before the Hon’ble Settlement Commission at Kolkata.
Was appointed Special Auditor u/s. 142A of the I.T. Act 1961 by the Commissioner of
Income Tax, West Bengal for a number of Companies including that of I.T.C. Ltd,
Kolkata.
Has been appointed Arbitrator, Liquidator & Investigator of various Companies, by the
Hon’ble High Court at Kolkata. Has been the Auditor of various Public & Private Limited
Companies all over India and specializes on Company matters.
Has visited foreign countries a number of times on Professional assignments including
collaboration works.
7
Dutta
7A, Kiron Sankar Roy Road,
Sarkar & Company
(2nd Floor) Kolkata-700 001
Chartered Accountants.
Closely associated with the Eastern India Regional Council, ICAI and was Chairman of
the EIRC for the year 1965. Submitted a number of papers in the Regional Conferences
and deliberates on various subjects on the profession topics in various seminars of: ICAI,
Study circle,
3. CA DUTTA BIJAN KUMAR, Deputy Managing Partner
Qualified as a Chartered Accountant in 1974, M.Com in 1971 and LLB in 1973. Joined
M/S Price Water House, Chartered Accountants, Kolkata as a qualified Assistant in
1974 and continued there till mid 1975. Thereafter, joined as an officer in United Bank of
India 1975 and resigned in 2001.
During this 26 years of services in United Bank of India had worked in Inspection and
Internal Audit Department from 1975 to 1983. Thereafter, as in charge of large
Branches as assistant manager / manager from 1983 to 1987. Then again as Chief
Officer in credit appraisal Department at Head Office from 1987 to 1994. Served as
Deputy Regional Manager at Regional Office from 1994 to 1996 in Bhubaneshwar.
Then, again served as Senior Manager in branches. Finally transferred to BIFR cell as
Chief Manager in 1998, served in that capacity for 3 years and resigned in July
2001.This exposure enabled him to gather valued experience various aspect in Banking
and first hand knowledge of Internal Control and management of Bank Branches,
Controlling Offices and Credit Appraisal and monitoring thereof. Joined in the firm on
and from 1st November, 2001
Field of practice includes Statutory/Internal Audit of both Private Sectors & Public Sector
undertakings including Commercial Banks.
4. CA ROY KHETTRA MOHAN, Partner
Qualified as a Chartered Accountant securing rank of 28th and 44th all over India in
November 1985 and 1986 respectively. Qualified as a Cost Accountant in December,
1989. Obtained Masters Degree in Commerce from Calcutta University in 1991. Served
in Price Waterhouse, Calcutta from April, 1987 to September, 1989 as Junior Officer.
Served as an Accounts Executive in Micro Accessories India Ltd. from 1989 to 1990.
Served as an Accounts Officer in Calcutta Port Trust from 1990 to 1993. Joined in firm
on and from 31st March, 1994.
During tenure of a service in the above organization, some of the major assignments
among others, handled by him including conducting audit of large companies,
conducting Audit in Nepal, Bangladesh and Bhutan involving use of Price Waterhouse.
International Auditing Techniques (AGS), participation in the implementation of
Computerized Information System, Audit Techniques for various Clients, acting as
Instructor. In house continuing education courses of Price Waterhouse, Calcutta
handled daily accounts operations (Computerized), finalization of annual accounts,
designing budgetary control and review of costing systems, corporate taxation
direct/indirect, preparation of reports for use of financial institutions or banks.
5. CA ADAK ASIT KUMAR
Qualified as a Chartered Accountant in 1971. Initially joined in a Nationalized Bank and
had a tenure of service for a period of 32 years. During the tenure in service, worked in
various capacities as a Manager, Regional Manager, Chief Manager and AGM
Accounts and Income Tax etc. Subsequently worked as an Executive head of only
subsidiary of the Bank.
8
Dutta
Sarkar & Company
Chartered Accountants.
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
Joined in practice in chartered accountants since 2002. Field of practice includes
Statutory Audit of both in Private & Public Sector undertakings including Commercial
Banks. Rendering financial management service and taxation advice to a number of
firms and companies in the Private and also in Government Sector.
Deliberated/deliberating various seminars workshop etc. conducted by BTC, NIBM,
IIMC, Bank and ICAI
6. CA CHAKRABARTI MAINAK
Qualified as a Chartered Accountant in 2003. and thereafter joined in the firm.
Gained valuable experience in the Audit of some of the major Indian Public Sector
Companies and Banks. Area of work was handling inspection, concurrent and revenue
audit of banks and stock audit and tax audit of Companies.
Field of practice includes mainly conducting Statutory/Internal Audit of PSU,
Commercial Banks and corporate.
Also associated with ICAI-Accounting Research Foundation (ICAI-ARF). He played a
pivotal role, in preparation of the Financial Statements of Kolkata Municipal Corporation.
He specializes in Internal Audit, in Financial and Accounting Reforms, in Human
Resources Accounting. In the KMC Project was involved in the following:
 Preparation of financial statements
 Designing organizational structure, determination of TNA, redefining posts and
suggesting job descriptions.
 Business Process Reengineering
 Framing of Internal Audit Manual
 Framing of Performance Audit Manual
 Framing of Energy Audit Manual
 Handholding exercise in preparation of Financial Statements, preparation of MIS
regarding receivables, fixed deposit statement, etc.
 Preparation of guidance document on verification of Current Assets and Inventory.
Also involved as a team member in a DFID assisted program for studying the scope of
Strengthening Rural Decentralization (SRD) on behalf of the Panchayati Raj
Development Department (PRDD), West Bengal. The study is covering to build on the
recommendations on earlier assessments of the Public Financial Management System
in Panchayat Raj Institutions (PRI) and specify workable options for reform of the
accounting, audit and procurement systems at the Gram Panchayat (GP) and the Gram
Unnayan Samiti (GUS) level.
9
Dutta
7A, Kiron Sankar Roy Road,
Sarkar & Company
(2nd Floor) Kolkata-700 001
Chartered Accountants.
7. CA PATRA BIDYUT KUMAR
Qualified as a Chartered Accountant in 2004, and started practice of chartered
accountancy thereafter.
During the tenure in practice gained experience of conducting audits of some of the
major Indian public sector companies and banks. Inspection, concurrent and revenue
audit of banks and carried out stock audit and tax audit of companies.
Field of practice includes mainly conducting Statutory/Internal Audit of PSU,
Commercial Banks and corporate. Gained an unique experience in the telecom, steel,
mines and banking sector.
8. CA. JAIN AJIT KUMAR
Qualified as a Chartered Accountant 2002. Joined in the firm thereafter i.e. on and from
31.12.2003.
Field of practice includes mainly conducting Statutory/Internal Audit of corporate and
private sector and other allied service ranging from taxation, corporate law and
management consultancy.
9. CA. BASU DEEPANKAR
Qualified as a Chartered Accountant in the year 2003 and thereafter joined in practice.
He started practice from the year 2003 and specialized himself in Direct Tax and Audit
Matters. He has represented a large number of Income Tax Cases before appropriate
authorities.
He has been the Auditor of various Public & Private Limited Companies all over India
and specializes on Company matters.
10. CA. MUKHOPADHYAY SRISANTA
Qualified as chartered accountants in 1964 and joined thereafter in a reputed
manufacturing concern and ultimately in United Bank of India in the year 1965 as grade
1 officer.
During the tenure of service worked in different capacities in the bank as Chief Officer in
Sanction and Control Division, PIM Department, and RM in Central India Region and
also worked as Chief Manager in very large branch of the banks.
Taking voluntary retirement from bank in the year 1994 joined in profession. During the
tenure in the profession had the opportunity to conduct Statutory Audit, Review Audit of
Calcutta branch of Amex Bank, ABN Amro Bank and ITC Classic Finance and also
Statutory Audit of banks including central statutory audits and PSUs under the allotment
of CAG and those allotted by Royal Monitory Authority, Bhutan. Conducted concurrent
audit, revenue audit and stock audit of various nationalized banks, and also tax audit of
various private entities including export oriented company.
10
Dutta
Sarkar & Company
Chartered Accountants.
7A, Kiron Sankar Roy Road,
(2nd Floor) Kolkata-700 001
11. CA. GHOSH PRADIP RANJAN
Qualified as chartered accountants in 1957 and in the year 1958 joined in service with
Ramington Rand India Ltd. as a Probationary Officer and continued their till 2001 when
he retired as works manager.
Joined in the profession of Chartered Accountants in the year 2001 itself. His
specialization is in the segment of corporate accounts and mainly attended the
assignment in his professional career in this segment.
11