Our Profile

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S.P.Nagrath& Co.LLP - Amongst the leading firms of Chartered Accountants in
India, with an experience of over six decades, we are a stronghold of talent &
dedication, having our presence in New Delhi and Bangalore. Our success lies in the
substantial and consistent long-term relationships we enjoy with our clients.
As it is rightly said, “The will to win, the desire to succeed, the urge to reach your full
potential... these are the keys that will unlock the door to personal excellence”-
Confusius

Our firm is driven by integrity and high values and this forms the core of winning our
client’s trust, which is further strengthened through high quality and versatility of
services.

With a diversified portfolio, our firm provides professional services related to Assurance,
Risk Advisory, Tax Advisory, Corporate Advisory and Outsourcing to a wide range of
clients.

Our Values

We have defined our values by way of excellence, credibility and commitment towards
the work we perform, which in turn guides us to success. SPN aspires to be a leading
professional and socially responsible firm, known for its prompt services, fairness,
integrity and diligence.

At SPN, our vision spans across areas, focusing on the client, the work ethic and the
growth graph. To lead by example, is the only way, and this value system filters
through to every level and aspect of the partners and the teams et al. Integrity and
building enduring relationships with the clients, is the axis, around which the firm’s
growth and all client services revolve.

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Our Core Team

Mr. Manoj Nagrath

Managing Partner

Mr. Manoj Nagrath enrolled as a member of the Institute of Chartered Accountants of

India in 1983. He has a rich experience of over 35 years in almost every facet of the
practice relating to Direct Tax, Assurance, Transactions & Corporate Advisory, Accounting,
Compliances and Arbitration. He has performed a wide range of assignments in
the above areas including joint venture consulting, planning for corporates and non-
residents, structuring/ re-structuring of businesses in India, strategic and business
consulting, due diligence, business acquisitions and has appeared before various
regulatory authorities.

Mr. Prashant Kapoor

Senior Partner

Mr. Prashant Kapoor is a fellow member of the ICAI, enrolled since 1993 and having an
experience of over two decades in the profession. He has an experience in various
fields such as Audit, Accounting, Company Law matters, Taxation both Individual and
Corporate, Project Financing, Banking Advisory, Loan Syndication, Joint Venture
Consulting, Planning for Corporate and Non-resident Indians,
Structuring/ Re-structuring businesses in India, Strategic and Business Consulting,
Due Diligence and Business Acquisitions, Financial Services and Management
Consultancy to name a few.
He has performed a wide range of assignments in the above areas and also has

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experience in representing matters at the Reserve Bank of India under FEMA, and also
at the Tax offices and Tax Tribunals.

He also has rich experience in administration of Trusts, NGO’s and regulations

under Foreign Contribution Regulation Act (FCRA).

Mr. Rajeev Badhwar

Partner

Mr. Rajeev Badhwar enrolled as member of ICAI in 1989 having 28 years of

experience in Corporate Finance, Accounts, Audits, MIS and Taxation. He has
extensive experience in preparation and analysis of financial statement. He has
wide experience in arranging Finance and representing matters at Tax office.

Mrs. Malathy Sairam

Partner

Chartered Accountant with experience of 15 years in almost every facet of the

practice relating to Income Tax, Indirect Taxes including GST, Audit, Accounting,
Employee Stock Option, MIS and Corporate Finance. She has wide experience of
payroll accounting, Foreign Exchange Management, Management Consultancy, Due
Diligence, Project Appraisals and other related areas.

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Services
We aim at providing prompt, consistent and quality services to our clients, and
strive to support our services with the highest level of professionalism and
efficiency. Upholding the highest level of professional ethics with commitment to quality
is our belief, for which, we have built up a network of dedicated professionals
in each field of service that we offer.

Corporate Advisory
Our team develops and offers client specific, advanced, innovative and comprehensive
solutions, wherein expression of opinions based on professional standards is not required.
The main objective of offering corporate advisory services is to help our clients to improve
and accomplish their short and long-term objectives, which includes:

Transaction Advisory: Advising on capital and financial structuring for

balance-sheet management, fund raising, exit strategy, cash repatriations and
business tax planning. We also carry out corporate and business restructuring
which involves business consolidations and/or divestment for value accretion,
unlocking value and future fund raising.
Due Diligence: Our Due Diligence process goes behind the financial
statements and establishes the soundness of the existing business or new
business being acquired. We carry out desktop due diligence which includes the
background check of the entity as well as financial and tax due diligence which
involves on-site reviews and interviews with the Management.
Fundraising: We provide end to end support to our clients, on buy-side and
sell-side deals, from planning to closure, and help them to evaluate all of the
strategic options, including post-merger integration support.
Valuations: We carry out business valuation by selecting most appropriate
and internationally accepted valuation technique to arrive at a fair business value,
prior to accepting or making an offer. We also undertake valuation of intangible
assets, purchase price allocation and ESOP.
Employee Stock Options: We offer a complete range of services in the area
of equity compensation to our clients by conceptualizing and designing
customized stock option plans for their employees to accomplish the
objectives of the client. We cover the entire life cycle of ESOPs including

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 conceptualization, design, documentation, management, compliance and
reporting.
Corporate Secretarial Services: We provide Corporate Secretarial Services
to plan and set up an entity, meet statutory requirements like drafting and
maintaining statutory records and do the regulatory compliances.

Direct Tax Advisory

Tax plays an important part in the entire operations of an organisation as well as an
individual. Continuous development and increasing complexities in the economic
environment leads legislators to bring rapid changes in tax laws. Our team is a
blend of young and dynamic Chartered Accountants, which provides a full range of
services in the field of taxation to assist our clients by analyzing and advising on major
developments in taxation regime occurring periodically and their effect on businesses.
We provide the following services in this area:

Compliance: We carry out various compliance related services which include the
filing of corporate and non-corporate tax returns, deposit and filing of withholding
tax returns, obtaining certificates for lower deduction etc., and appearance before
the authorities in case of withholding tax proceedings and other proceedings under
the Income Tax Act, 1961.
Litigation: We appear for regular tax assessments and also in appeals before
the Commissioner (Appeals) and the Income Tax Appellate Tribunal and assist the
client in case a matter goes further to the High Court.
Transfer Pricing – We carry out following Transfer Pricing services:
Preparation and filing of Accountant’s Report
Assistance in preparation of Transfer Pricing Documentation
Designing and implementing compliance policies and procedures
Transfer Pricing Planning and Supply Chain Structuring
Litigation Support / Transfer Pricing Controversy Management
Drafting and finalizing Advance Pricing Agreements, including preparation of
supporting documentation
Preparation of detailed Master File and CBCR reports

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 Domestic Advisory: We advise our clients on tax planning opportunities keeping in
view the changing dynamics of Indian tax legislation. We also carry out
reviews of commercial and inter-company contracts, build tax management
positions and risk mitigation strategies, conduct tax due diligence, undertake tax
efficiency analysis and advise on business re-organisation from a fiscal perspective.
International Taxation: We advise our clients on cross-border tax structuring,
double tax treaties along with foreign tax systems/implications and tax advice on
inbound and outbound investment. We also help our clients in expatriate taxation.

Indirect
Tax
A paradigm shift has been made in the Indirect tax set up of India with effect from
1st July 2017 with the introduction of Goods and Service Tax (GST).

GST has subsumed various indirect taxes earlier levied at the federal and state level in
India, primarily including Central Excise Duty, Central Sales Tax, Service Tax,
Value Added Tax and Entry Tax laws (except on few specified products). GST has
impacts major functions of an organization including finance and accounting, IT,
supply chain and sales and marketing, etc.

Our Indirect tax team offers the following systematized compliance services and
operational support services aligned to the needs of our clients:

Compliances as prescribed under the respective Indirect tax laws, including

assistance in obtaining registrations, undertaking periodic GST compliances i.e.
computation of tax liability and filing of returns; and filing and obtaining refunds
from the regulatory authorities.
GST Audit
Advisory services which include execution of Turnkey Projects / EPC Contracts involving
planning at the bidding stage, structuring of contracts, identification of tax optimization
opportunities, devising the most tax efficient models and providing a comprehensive
range of compliance services subsequent to the bidding stage.
Assistance and representation in Indirect tax audits initiated by the regulatory
authorities.

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 Health Check / Diagnostic Credit reviews to identify relevant tax opportunities
available and optimizing the overall Indirect Tax incidence and undertaking Due
diligence reviews highlighting on possible Indirect tax exposures of the concerned
entity.
Litigation Support including preparing replies /responses to show cause notices,
routine inquiry letters, assessment proceedings as well as assistance in summons
proceedings.
Assistance in Customs Special Valuation Branch proceedings.

Audit & Assurance

With increasing business needs and complexities, business houses need to be intrinsically
strong, which requires regular assessment of their financials to adhere to best practices
and comply with regulatory requirements and pronouncements. We are committed to the
highest professional ethics, standards and principles. Our services include:

Statutory Audit: While performing Statutory Audit, our team ensures that the
financial statements present a true and fair view of the financial position and
operational results, in accordance with the applicable laws and pronouncements.
Tax Audit and Audit of Trust and Charitable Institutions under the Income Tax
Act,
1961
Special Audit: Special Audit or investigation of the financial affairs or specific areas is
performed to critically review the operations at various levels of the Management to
ensure sound process and effective control.
Compliance Audit: While conducting the Compliance Audit, we assess whether the
provisions of the applicable laws, rules and regulations made thereunder and
various orders and instructions issued by the competent authorities are being
complied with.
Special Purpose Certification

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Outsourcing

Registration: Obtaining various requisite registrations from the regulatory

authorities
Accounting and MIS:

Setting up of Bookkeeping and Accounting function and its supervision

Review of current reporting system to bring operational efficiency
Consolidation of accounts of various entities in the Group
Guidance and supervision of Accounting function including Accounting
process review and preparation of Accounting manual

Payroll Processing – Our team assists in end-to-end Payroll Processing and

compliance, which includes:

Preparation of salary structure of employees and salary processing on the

monthly basis
Calculation and deposit of the monthly deductions as required by the law
Preparation and filing of monthly ECR
Computation and deposit of withholding tax of employees
Quarterly filing of withholding tax returns
Preparation of monthly pay slips
Full and final settlement for outgoing employees
Preparation of payroll reports and annual issue of Form 16, Certificate
under Section 203 of the Income-tax Act, 1961 for tax deducted at source
on salary

Virtual Financial Controller / CFO Services: Business Modelling

Validation of data before presentation to Investors

Review of Books of Account and financial data before submitting to a
Financial Institution for funding or to a Credit Rating Agency

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Preparation of Financial Statements: Preparation of Financial Statements in accordance
with generally accepted accounting principles in India, IGAAP, IFRS and various local
GAAPs of the overseas jurisdiction

Our Clientele
Agro based Industries
Automotive
Aviation
Banking and Insurance/ Non-Banking Financial Institutions
Education
FMCG
Healthcare
Infrastructure (Highways/ Metro/ Power/ Energy)
Manufacturing and Engineering
Media and Entertainment
Not-for-Profit Organizations/ Trusts
Pharma
Printing and Publishing
Real Estate
Telecom/ IT/ ITES
Textile

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 Head Office

A-380,
Defence Colony, New
Delhi – 110024
+91 11 49800000
[email protected]

Branch office

17, Subhash Marg,

Darya Ganj,
New Delhi – 110002
+91 11 23272024
[email protected]

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