FIRM PROFILE
CHOWDHURY ARUP & CO. (CAC)
CHARTERED ACCOUNTANTS
DHAKA AND CHITTAGONG
Particulars of the Firm
Name
Chowdhury Arup & Co.
Chartered Accountants
Years of Profession
5 years
Nature of Firm
Partnership
Date of Establishment
December 2007
Address
Dhaka Office:
Suite # 2/01, Eastern Mansion (2nd Floor)
67/9 Kakrail, Pioneer Road,
Dhaka-1000.
Chittagong Office:
522, Sk Mujib Road, (2nd Floor),
Agrabad, Chittagong.
Contacts
01713-366656, 01710-827485
Phone: 031-2516041
avijit@cacbd.com, shatadal@cacbd.com,
arupschy@yahoo.com
Partners
a) Avijit Bhattacharjee
B.Com (Hons.) M.Com (Accounting), FCA
(Bio-data enclosed)
b) Shatadal Das
M.Com (Accounting), ACA
(Bio-data enclosed)
c) Arup Chowdhury
M.com (Accounting), ACA
(Bio-data enclosed)
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Human Resources of the Firm
Senior Personnel
Persons
Qualified members
Tax Consultant
VAT consultant
Consultant-Engineering
Manager –Audit and
assurance
Manager, Tax and
Corporate affairs
Qualifications
Chartered Accountant
Ex Tax Commissioner and
Tribunal member
Registered VAT
practitioner
B.Sc. in Eng.
M. Com, ACCA; M.Com,
CA-CC; M. Com, CACC,PE-1
M.Com, CA-CC; M. Com,
CA-CC; ITP, CA-final stage
Dhaka
office
2
1
Number of persons
Chittagong
Total
office
1
3
1
1
1
2
2
2
1
3
2
1
3
Name of Consultant
Name
Kazi Delware Hossain
Qualification
M. Com, Ex Tax Commissioner and Tribunal
member
M. Com, Ex VAT Superintendent
B.Sc. in Engineering
(Mechanical) 1971, BUET
B.Sc. in Engineering
(Electrical & Electronic )
Experience
40 years
Qualification
M. Com, CA-Inter, ACCA
M. Com, CA-CC
MBA,CA-CC
Experience
12 years
5 Years
5 Years
Qualification
M. Com, 100 marks left to be Chartered
Accountant
M. Com, 100 marks left to be Chartered
Accountant
MBS (Accounting), CA-CC, ITP- Reg. 8433
Experience
8 Years
Anukul Chandra Biswas
Eng. M. Firoze Kabir
Eng. Parimal Chandra Paul
40 years
40 Years
15 Years
Name of Audit Manager
Name
Mr. Mizanur Rahman
Mr. Supriya Chakraborty
Mr. Manash Chowdhury
Name of Tax Manager
Name
Mr. Diponker Dutta
Mr. Majedul Islam
Md. Sayedul Hoque
5 Years
7 Years
Name of Office Manager
Name
Mr. Mihir Dutta
Mr. Ashis Debanath
Qualification
B. Com, CA-CC
B.Sc, ICMA-Inter
Page 3 of 19
Experience
9 Years
5 Years
Our Services
Audit and Assurance
Our audit and assurance team has been operating since the beginning of our business
and has been the core service of our firm. We provide Statutory/Annual Audit, Special
Purpose Audit/Review, Interim Review, Internal Audit, Performance and Compliance
Audit. In addition to audit, our professional team provides service and advice to clients
on various areas including initial public offering, mergers and acquisitions, business
valuation, transaction support, financial due diligence, litigation support, system
evaluation and appraisal, budgetary control and financial certification for migration, etc.
Tax and VAT consulting Services
We provide corporate tax services, value added tax (VAT) services, other indirect tax
services, individual tax including expatriate tax services, tax advisory services. Our Tax
and VAT consulting services comprises of highly trained professionals. One of our
strengths lies with our close working relationship with the clients enabling us to give
concrete advice at the early stage of their development plans such that the business
decisions to be made by them are both viable and tax efficient. As experienced and
independent professionals, we are well equipped to provide efficient and cost-effective
advice to cater for the clients’ specific needs such as cross-border business advice, tax
due diligence review, corporate restructuring, tax compliance and tax audit advice, etc.
Company Secretarial and Corporate Services
Our Company Secretarial and Corporate Services assist clients in setting up new
companies in Bangladesh and provide corporate support services including provision of
registered office, business registration, bank accounts opening, Work Permit & Visa
Processing for Expatriates attending board meetings and preparing board minutes,
company re-structure, company dissolution, Export and registration, trade bodies
membership, BOI registration, trademark registration, Certificates and licenses such as
fire license, environmental license etc. and payroll management, etc.
Accounting Service
We provides tailor-made bookkeeping services to clients from all business fields with
various solutions to free themselves from accounting routine and supervision works.
The range of services includes:
 Designing and setting up appropriate accounting system.
 Designing financial reports with customized format.
 Preparing general ledgers and financial statements for management purpose.
 Preparing annual accounts for audit purpose.
 Operating client's bank accounts and handling receipts of funds and payments of
expenses.
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



Handling invoicing etc.
Preparing budgets and cash flows.
Costing implementation and analysis.
Preparing financial and operational analysis for management control and
planning process.
Corporate Finance
Corporate finance is complementary to other business units in providing a suite of
services to clients. To an enterprise, sources of funding and financial management play a
vital role in its growth and development. Here we provide services in three distinctive
areas, namely, debt financing, capital market fund raising and financial management
advisory
Management Consultancy
Our management consultancy division provides services and advice to clients on various
areas such as management and accounting systems design, system evaluation and
appraisal, budgetary control, design and implementation of cost reduction program, etc.
Page 5 of 19
Existing Clients List
Audit & Assurance
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
EOS Textile Mills Limited (Italian Company)
Rex Wear Limited (shareholders from 5 countries)
Scarpe de Moda Limited
3i Infotech (Bangladesh) Pvt. Ltd. (Indian)
Tulip Homes Limited
International Turnkey Systems Bangladesh Ltd. (Chinese)
Young Zhen Metal Industries Ltd. (Taiwanese)
A. K. Accessories Limited
Jeans Express Ltd
Organic Jeans Ltd
Lax Lingerie Ltd
Dhaka Stock Exchange Investment Forum Ltd
Evenzer International Ltd (Korean)
Shakti Foundation for Disadvantaged Woman
Matra Advertising
Social Development Organization
Many others
Fiscal & Taxation
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
Microsoft Bangladesh Limited (USA)
Supintex Bangladesh Limited (Mauritius)
Emirates Cement Bangladesh Limited (Indian)
Emirates Power Company Limited (Indian)
Godrez Household Products (Bangladesh) Limited (Indian)
LSI Industries Limited (Taiwanese)
Su Jin Industries Limited (Taiwanese)
Perfect Beverage Industries Limited (Taiwanese)
Jin Su Metal Industries Limited (Taiwanese)
Lasting Spring Metal Industries Limited (Taiwanese)
Forever Prosperity Industries Limited (Taiwanese)
Fashion Forum Limited
State University Bangladesh Limited
Tulip Homes Limited
Mutual property Limited
Hyup Jin Petrochamical Limited
EOS Textile Mills Limited (Italian)
MP Spinning Mills Limited
United Leasing Company Limited
3i InfoTech Services (Bangladesh) Ltd. (Indian)
Page 6 of 19
IPO Advisory Services
38.
39.
40.
MP Spinning Mills Limited
Desh denim Mills Ltd
Fashion Forum Limited
Accounting Services
41.
42.
43.
44.
45.
46.
47.
48.
Gillette Bangladesh Private Limited
Pink City Xenovelly Group consists of 3 companies
RKD Group consists of 9 companies
Mir Akthar Hossain Group consists of 6 companies
Hyup Jin Chemical consists of 2 companies
Mutual Property Limited
Rangs Industries Limited
Satatter Textile Ltd
Internal Audit Services
49.
50.
LSI Group consists of 6 companies
Aysha Memorial Specialized Hospital Limited
Company Secretarial Services:
51.
52.
LSI Group consists of 5 companies
RKD Group consists of 9 companies
Special Services:
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
Heidelbergcement Bangladesh Ltd
Huawei Technologies (BD) Ltd. (Salary restructuring and others)
Commercial Bank of Ceylon Plc
Access Telecom Bangladesh Limited – EBITDA verification
Capital Paper & Capital Board – share valuation and acquisition
Matra – Due diligence services for global fund
BASIC Bank Limited – Fixed assets verification & reconciliation
Huawei Technologies (BD) Ltd
United Leasing Company Ltd
Premier Leasing Company Ltd
Shomahar Sweaters Ltd (valuation under DCF)
Meghna Bank Ltd. (Proposed) (feasibility report)
Many others
Other services to Register of Joint Stock Companies on behalf of various companies
such as company formation, return submission, capital reduction, winding up,
compliance audit etc.
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Partners’ Curriculum Vitae
Page 8 of 19
Curriculum Vitae of Avijit Bhattacharjee
Personal Information
Name
: AVIJIT BHATTACHARJEE
Father’s name
: Late Priyabrata Bhattacharjee
Mother’s name
: Arati Bhattacharjee
Date of Birth
: October 18, 1968
Nationality
: Bangladeshi
Residential Address
: Floor # 4, 74 B Peacock Square
New Airport Road, Mohakhali
Dhaka- 1200
Present Address
: Partner
Chowdhury Arup & Co.
Chartered Accountants
Suite No # 2/01, Eastern Mansion
67/9 Pioneer Road, Kakrail, Dhaka - 1000
Mobile
: 0171-3366656
Marital Status
: Married
Spouse
: Ruma Chakraborty
Senior Lecturer of English
Primeasia University
Children
: Two daughters
Qualification
a) Academic
: B.Com(Hons), First class first; M. Com
(Accounting), First class second from
Chittagong University in 1990.
b) Professional
: Chartered Accountant, FCA in 2008
Page 9 of 19
Academic excellence
 Comilla Board scholarship (For S.S.C and H.S.C).
 University Grant Commission Merit Scholarship (For
B. Com., Hons).
 Jamaluddin Merit Scholarship (For C. A. Intermediate)
Professional experience
2008 – 2010
: Chief Financial Officer
United Leasing Company Limited, one
of the Largest Financial Institutions of
Bangladesh.
2004 – 2008
: Head of Accounts and administration
United Leasing Company Limited
2003-2004
: Audit Manager/Consultant
S.F. Ahmed & Co. – Bangladesh
Representative firm of Ernest & Young
2003
: Senior Executive Officer
Premier Bank Limited
Monitoring and Inspection Division.
2001 – 2003
: Deputy Manager
BASIC Bank Limited worked as In-charge of
Foreign Exchange Department in Asadgonj
Branch, and in Central Accounts Division.
1998 – 2001
: Assistant Manager, BASIC Bank Limited
Worked in Central Accounts Division.
1994 – 1998
: Completed chartered accountancy course
under the article ship of S. F. Ahmed & Co., one of
the most reputed and local representative firm of
Ernst & Young, USA.
Page 10 of 19
Membership in Professional Societies
Fellow Member
: Institute of Chartered Accountants of
Bangladesh – having qualified as a
Chartered Accountant in May 2003.
Affiliate Member
: Malaysian Institute of Management, Kuala Lumpur,
Malaysia
Other activities
: Past part–time lecturer, The University of Asia Pacific,
Bangladesh.
: Past part–time lecturer, The Institute of Chartered
Accountants of Bangladesh.
Training, Workshop & Seminars
: Attended large number of academic & professional
training, workshop and seminars at home and abroad
ranging from one day to six weeks on accounting, tax,
VAT, company laws, labour laws, corporate
governance, general banking, merchant banking,
international banking, computer and advanced
management.
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Curriculum Vitae of Shatadal Das
PERSONAL DETAILS
_______________________________________________________
Name
SHATADAL DAS
Father’s Name
Late- Biswaswar Das
Date of Birth
February 1, 1967
Permanent Address
11 # Ward -South Kattali, City, PO. Customs Academy,
PS. Pahartali, Chittagong.
Mailing address
Partner
Chowdhury Arup & Co
Chartered Accountants
Suite # 2/01, Eastern Mansion (2nd Floor)
67/6, Kakrial, Pioneer Road, Dhaka-1000
Mobile-01710-827485
E-mail- shatadal@cacbd.com
Nationality
Bangladeshi
Marital Status
Married
Spouse
Anjana Das
Children
One child (Dhruba Das)
ACADEMIC AND PROFESSIONAL QUALIFICATION
_______________________________________________________
Academic
: M. Com-Accounting (1990),
University of Chittagong
Professional Education
: FCA (Chartered Accountant 2005)
Page 12 of 19
PROFESSIONAL EXPERIENCE
(1) 5 years experience in accounting & company secretarial matters, corporate taxation & other
fiscal laws, different financial services and audit as chartered accountant; and
(2)
10 years plus experience in accounting & company secretarial matters, corporate taxation
and audit as an accountant at different positions.
WORK EXPERIENCES
_______________________________________________________
1st October 2007 to
21 March 2010
Senior Manager, Taxes, Audit & Assurance
Hoda Vasi Chowdhury & Co
Chartered Accountants
Independent Correspondent Firm to Deloitte Touche
Tohmatsu
National Office
BTMC Bhaban (8th floor)
7-9 Karwan Bazar
Dhaka-1215, Bangladesh. Tele: 9120090, 8121114
Responsible for Planning, coordinating and overall supervision of consulting, auditing and
assurance assignments, drafting audit reports and finalising financial statements of the auditee
entities and responsible for corporate taxations with different local and foreign companies.
Some of the professional assignments involved in are enumerated below:
Management Audit
Conducted management audit as well as prepared and finalized comprehensive report on those
assignments and provide indication for future courses of action for success in business of:




Four companies of Kallol Group of Companies (A local Trading and manufacturer);
Nasir Tobacco Ltd.
Azis Pipe Ltd.
With some other companies.
Statutory Audits
Has statutory audit experience as audit team member at different sectors (like manufacturing,
service rendering and financial institutions) in multinational and local environments. Some of
the clients are:

Coats (Bangladesh) Limited (A subsidiary of Guinness Peat Group plc.);
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Microsoft Bangladesh Ltd. (MNC);
Procter & Gamble Bangladesh(Pte) Ltd. (MNC);
Delta Brac Housing Financing Ltd (Financial Institute);
LSI (Zipper Manufacturing- 100% foreign owned );
Pacific Telecom Limited (City cell Mobile Phone operator); and
Teletalk Bangladesh Ltd
Supervised the audit works of many national and multinational clients as engagement
manager.
Due Diligence Exercise (Finance and Tax)
Exercised customer due diligence to sell and marketing of Procter & Gamble Bangladesh Ltd ‘s
products in local market.
Exercised financial due diligence for joint venture between Reliance Telecom (India) and
BracNet Bangladesh
Exercised financial due diligence for joint venture between Freight System Bangladesh Ltd and
Galaxy Bangladesh Ltd.
Exercised Tax due diligence with Deloitte-Singapore for taking over of Actel (Acktel Mobile
Phone operator) by SingTel as strategic partner.
Exercised Tax due diligence with Deloitte-India for taking over of Emirates Cement and Power.
Valuation (Share and Assets)
Worked as a supervisor for valuation of assets, liabilities and shares of Friieght System Ltd,
Deshbandu Sugar Mills and ACI Ltd.
Corporate tax Matters
Major responsibility
a) Tax audit and due diligence of fiscal compliances
b) Computation of Tax liability;
c) Preparation and filing of IT return;
d) Attend Tax audit and due diligence;
e) Address day to day tax related jobs of different
clients
f) Appear tax hearing at DCT level, Appeal and
Appellate Tribunal level ;
g) Preparation of tax related papers and place
arguments as and when required and touch wihtax
authority; and
h) Preparation of different opinion on Tax and VAT
issue based on the client’s requirement.
Page 14 of 19
Some of the clients are:
1) Proctor & Gamble Bangladesh Private Limited
2) Microsoft Bangladesh Limited
3) Coats Bangladesh Limited
4) Grameen Knitwear Ltd.
5) Khun Keng Textile Bangladesh Ltd
6) Delta Brac Housing and financing Ltd. (DBH)
7) Khulna Power Company Ltd.(KPCL)
8) United Leasing Company Ltd.
9) Different local & foreign companies.
10) Expatriate (individual)
Worked on VAT, Customs duty, other taxes with some clients.
1st January 2006 to
Septembert’07
GM (Finance & Accounts)
Labaid Group,
House # 1, Road # 4, Dhanmondi, Dhaka.
Major duties and responsibilities;
a) Overall responsible for Group accounts & finance
b) Day to day financial activities
c) Overall responsible for Tax and Vat management
d) Corporate affairs
e) Budgeting
f) IPO related works
August 2001 to
Dec’2005
Accounting/Financial Analyst, PDBF-CIDA
(A leading Government Autonomous financing Organization –
Micro and SME and Solar- financed by CIDA)
Major duties and responsibilities;
a) Accounting operational activities supervision
b) Prepare budget and establish budgetary control
system
c) Audit facing (Government Audit and Internal &
External audit)
d) Audit compliance
e) Portfolio Analysis
f) Fund analysis and management
g) Tax and VAT matters
h) Compliance with regulatory requirements & donor
works
i) Loan proposal to Bank and others
j) Supervision of Employees benefit funds
k) Stores management
l) Financial Policy related issues
m) System development
Page 15 of 19
January 1994 to
July 2001
Program Officer (Accounts & Finance) in
CARITAS-BANGLADESH, Head Office, Dhaka.
Major duties and responsibilities
a) Accounting operational activities (Jute works and
Sericulture manufacturing projects)
b) To deal personal tax
c) VAT matters
d) To deal the costing to determine the sales price
e) Banking Transactions
f) Costing of products
g) Stores management
January 1993 to
December 1993
Assistant Manager (A&F) with M/s, Eastern
October 1988 December 1992
Completed the three & half years CA course
under the article ship of M/s, S K Das & Co. Chartered
Accountants, 47 Dilkusha C/A, Dhaka, Bangladesh from
10/10/88 to 10/4/92, works were auditing, accounting,
and accounts preparation in different organizations.
Apparels Ltd, Jublee Road, Chittagong.
Others:
Have gained practical experience of business sector, can demonstrate qualitative team
participation and have the ability to work confidently & effectively under pressure and to
prioritize schedules to meet deadlines & targets.
TRAINING COURSE ATTENDED




Cost Benefit Analysis
Book Keeping and Accounting
Financial management
Financial Modeling and Portfolio
Management
 Gender Development
 Workshop on “Income Tax Practice”
 Indirect tax and VAT -ICAB
Organized by CARITAS-Bangladesh, CARE- Bangladesh and CIDA and INAFI Asia desk, Midas and
ICAB.
MEMBERSHIP
Association
Involved as
Taxation and Corporate Laws Committee of
Page 16 of 19
Institute of Chartered Accountant of Bangladesh
(ICAB)
Member for the YEAR 2009 and 2010
Social Development Organization (SDO)
Elected Treasurer -2005-06 to till date
Upakulio Samaj Unnayan Sangsta (USAS)
Founder Advisor
WORKSHOP AND SEMINARS
-------------------------------------------------------------------------------------Attended large number of workshops, seminars & conference on academic & professional,
economic, social, etc.
Page 17 of 19
Curriculum Vitae of Arup Chowdhury
PERSONAL DETAILS
_______________________________________________________
Name
ARUP CHOWDHURY
Father’s Name
Ajit Chowdhury
Date of Birth
January 12, 1970
Permanent Address
P.O: Nutun Bazar, P.S: Raozan
Dist: Chittagong.
Mailing address
Partner
Chowdhury Arup & Co
Chartered Accountants
522, Sheikh Mujib Road, (2nd floor)
Agrabad, Chittagong.
Mobile-01819-385193
E-mail- arup@cacbd.com
Nationality
Bangladeshi
Marital Status
Married
Spouse
Sumona Chowdhury
Children
Two daughters
ACADEMIC AND PROFESSIONAL QUALIFICATION
Academic
: M. Com-Accounting, University of
Chittagong
Professional Education
: FCA (Chartered Accountant 2005)
Page 18 of 19
PROFESSIONAL EXPERIENCE
(1) 5 years experience in accounting & company secretarial matters, corporate taxation & other
fiscal laws, different financial services and audit as chartered accountant; and
(2)
8 years plus experience in accounting & company secretarial matters, corporate taxation
and audit as an accountant at different positions.
WORK EXPERIENCES
As practicing Chartered Accountant
Has experience in Audit; or Secretarial Services, Taxation Services, Consu lting, Special
Investigation and Business Advisory Services of the following companies.
01.
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
Astech Limited, Chittagong
Alpha Automation Limited, Chittagong
A.S.Technical Services Limited, Chittagong
Tretorit Industries Limited, Chittagong
Meridian Hotel & Restaurant, Chittagong
Meridian Foods Limited, Chittagong
N.I. Chowdhury & Sons Limited, Chittagong
Safa Arcade, Chittagong
Lancent Diagnostics Centre, Chittagong
Moulana Development Limited, Chittagong.
Mishmak Development Limited, Chittagong.
Best Foundation Limited, Chittagong.
Job Experience
Served as “Chief Accountant” at Astech Group, 175 Jubilee Road, Chittagong since May 01,
1994 to 30 November 2005. Astech Group is one of the leading business houses in Chittagong
run and manages by former President of Chittagong Chamber of Commerce and Industry, Eng.
Ali Ahmed.
Astech Group:
a) Astech Limited: manufacturer of plastic products and supplying to Berger, Lever, Mobil,
Reckitt Benckiser.
b) Alpha Automation Ltd.: manufacture novelty toys, hanger, cone and export to Coca-Cola,
World Disney, Adidas, Touchmore, Be Brilliant and garments.
c) Tretorit Industries Limited: manufacturer of electrical switch, modular, socket and pin etc
under the brand name of LEADER for local market.
d) A.S.Technical Services Limited: indenter and local agent of several foreign companies.
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