Hoda Vasi Chowdhury & Co.

An Independent Correspondent Firm to Deloitte Touche Tohmastu

Hoda Vasi Chowdhury (HVC) is one of the leading and oldest professional services firms in Bangladesh. For about 50 years, HVC has provided high-quality financial, taxation and management services to a diverse and successful client base operating across various industry and business segment. It started its practice in this vision in 1962 under the name and style A F Ferguson & Co, a Scottish firm. Since then, as an innovative and highly professional public accounting and consulting firm, HVC serves as trusted auditor and valued advisor to over 1,000 clients by delivering objective, clear and practical advice to help our clients grow and succeed in their chosen field. We're proud of our firm's strong and established reputation, a reputation that is built on a long history of integrity, independence and trust. HVC is uniquely positioned to impart quality, cost-effective and practical advice to clients that include multinational corporations, private businesses, non-profit organizations, governmental entities, emerging or start-up firms, coupled with the personal relationship, value-based fee structure and service continuity. It's what makes us committed and successful leaders in our profession. In late ninetys, HVC significantly expanded its management consulting services in order to meet the growing demands of our clients and the challenges of the emerging Bangladesh economy. HVC employs qualified professionals who work under the direct supervision of partners in the fields of auditing, accountancy, taxation, business advisory services, consulting and other special assignments. Presently, HVC has over 200 professionals in various fields in addition to 28 admin and support staffs. Why select us Fast, effective and informed decision making is a business imperative in an increasingly complex business environment. Our clients find our independent, objective and professional advice to be clear, concise and practical. We're known for providing practical recommendations that get to the heart of complex business issues. That's why we have a significant track record of having successfully worked with most of the well repute and top performing businesses operating Bangladesh. We have multidisciplinary, industry focused professionals and within very short notice can establish dedicated teams of professionals with in-depth industry experience and local/international knowledge from across our service divisions. It means our clients receive advice from professionals who understand their business and challenges, and appreciate client needs, concerns and business objectives. HVC Historic Events 1889 - A. F. Ferguson & Co (AFF) established 1947 - AFF established office in Karachi and Lahore 1961 - AFF took over Price Waterhouse clients on its cessation 1962 - AFF practice started in Chittagong 1963 - Opened Dhaka Office 1972 - Succeeded AFF Bangladesh practice after renaming the firm to HVC 1998 - Became an Independent Correspondent Firm to Deloitte Touche Tohmatsu 1998 - Restructured & inducted four partners 2001 - Expanded and two more partners joined 2001 - Opened new national office at new commercial hub (Kawran Bazar)

Partners Profile:
A K Chowdhury Managing Partner, National Office

Mr Chowdhury is one of the founder Partners of HVC was trained in A F Ferguson & Co Chartered Accountants from 1962 1967 and qualified as CA in 1968 from ICAP. He was also founder member and Vice President of Chittagong Stock Exchange and Ex-Officio Councilor of Dhaka Stock Exchange and member of SEC Advisory Board. Founder Chairman of full fledged Merchant Banker in Chittagong South Asia Capital Limited. He is a Sponsor of the Credit Rating Agency (CRISL) in Bangladesh, Bangladesh Securities Depositary Company Limited, SAFE South Asia Federation of Exchange, Bangladesh Merchant Bankers Association. He was a President of the Institute of Chartered Accountants of Bangladesh ICAB for the year 2000. A founder Councilor of ICAB. As a Rotarian served Rotary Club as Treasurer, Secretary & President and the Rotary - District as Secretary, Treasurer and Advisor. He is a Life member of Diabetic Association, Kidney Foundation, and Cancer Foundation. A permanent Member of Chittagong Club since 1973 and served the Club's finance Committee on a number of occasions including as an elected Executive Committee member (Finance) in 1993-94.
Manzoor Alam Senior Partner, Motijeel Office

Mr. Manzoor Alam has more than Forty years of professional experience in providing assurance, advisory and taxation services to various National and Multinational clients operating in Financial Services, Consumer and Industrial Markets and Services industry. He is considered to be a leading expert in Financial Services sector of the Country. As Lead Engagement partner he provided numerous audit, advisory and taxation services to almost all of the top-tier Banking and Financial institutions operating in Bangladesh. He was also the Lead Partner for the audit of Bangladesh Bank (the Central Bank) and has played an active role in preparation of Financial Statements of Bangladesh Bank in compliance with the requirements of Bangladesh Bank Order 1972. He is currently the lead audit engagement partner for a number of listed and non-listed banks, leasing companies and other non-banking financial institutions. In addition to the Assurance Services, Mr. Alam also specialized on Taxation and Corporate matters. He played lead role in a number of very high profile, successful Restructure/Merger in Countrys corporate history (i.e. formation of Eastern Bank soon after the fall of BCCI Bank, Restructuring and Consolidation of ANZ Grindlays and Standard Chartered Banks operation in Bangladesh.
Showkat Hossain Partner, Chittagong Office

Mr Hossain was trained in A F Fergusan & Co during 1966 to 1973 and qualified as CA in 1976. Mr Hossain has expertise in audit, tax and special assignments. He is involved in the audit of MNC & PLC, RMG Industries accounts, POL marketing companies accounts, Gas transmission & distribution company accounts, Exploration & drilling company accounts, Tea Industries accounts etc. He is also involved in the net worth evaluation of Oil marketing companies, Lubricant manufacturing company, Cement and Paints manufacturing industry. He is elected four times as Vice President of the Institute of Chartered Accountants of Bangladesh during the period from 2004 to 2009. Prior to joining the profession, he worked in Oil Refinery and Petro Chemical Complex at home and abroad for about 18 years in different capacities in the areas of Finance & Accounts. He also worked as Director of Finance in a local Group company having about 35 industrial units, mainly with garments and textile.

Clients:
Bank & Financial Institutions

Bangladesh Bank (Central Bank). Standard Chartered Bank. HSBC Citibank NA. Grameen Bank Sonali Bank Rupali Bank ICICI Bank - Bangladesh Liaison Office, India. Southeast Bank Dutch-Bangla Bank The Trust Bank Prime Bank First Security Bank United Commercial Bank National Credit & Commerce Bank Al-Arafa Islami Bank Fidelity Assets & Securities Co AIMS First Guaranteed Mutual Fund ICB AMCL First Mutual Fund. Bangladesh Shilpa Rin Sangstha (BSRS). Central Depository Bangladesh Ltd (CDBL). Delta Brac Housing Finance Corporation (DBH). National Housining & Finance United Leasing Company Uttara Finance & Investment Industrial Infrastructure Development Finance Co Ltd (IIDFC). UAE - Bangladesh Investment Tyser Risk Management Bangladesh

Area of Services To help our clients keep pace with competitive and fast moving business environment, HVC offers wide range of services. Its expertise extends into different areas of financial, taxation, management and advisory matters. Most of the common areas of services are: Audit and Assurance Statutory/Annual Audit Special Purpose Audit/Review Agreed Upon Procedures Work Negative Assurance Interim Review Internal Audit Operational Audit Performance and Compliance Audit Corporate Governance US GAAP/ UJS GAAS Reporting Corporate Governance Basel II Implementation Corporate Tax Value Added Tax (VAT) Other Indirect Tax Individual Tax Including Expatriate Tax Tax Advisory Services Tax Planning & Tax Compliance Tax Due Diligence Transfer Pricing Due Diligence Business Valuation Corporate Restructuring IPO Assistance Capital Market Advisory Joint Venture and Business Collaboration Feasibility Study Technical Collaboration Company Formation and Corporate Services Setting up Liaison / Branch Office Enterprise Risk Management Information Security and Risk Management Setting up Provident, Gratuity, Pension Funds

Fiscal and Taxation

Business Advisory and Transaction Services

Market Research, Survey and Studies Development Project Management Donor Funded Project Assistance IT Systems Design and Implementation Executive Search and Selection Immigration Verification Services Foreign Remittance Forensic Investigation Salary survey Training & Capacity Building Financial System Design Accounting Manual and Chart of Accounts Preparation Health & Nutrition Surveys Outward Remittance Certification Cash Incentive / Subsidy Certification Salary & Benefit Survey Work Permit & Visa Processing for Expatriates Payroll Management Book-keeping & Accounting Secretarial Services Personal Tax VAT, TDS Airlines Remittance services Provident Fund accounting Statutory return preparation & filing Quarterly return preparation & filing Document Management and record keeping Disaster Recovery and Business Community Support

Management Consulting and Other Special Services

Business Process Outsourcing (BPO)

Associate Consultants HVC has a number of associate consultants to work on special projects and services, namely Health & Nutrition Human Resources Engineering Material Surveyor

Corporate Governance The Corporate Governance is at the initial stage in our country. In the changing landscape of the regulatory and business environment, HVC stands well positioned to provide quality advice and other services on Corporate Government matter to a diverse client base. Our regional rich and broad array of resources enable us to bring value and prospect for our clients. We are the first professional services firm in Bangladesh to establish a forum for Board Audit Committee members to organize regular round table discussions on Corporate Governance matters.

ACNABIN

AN INDEPENDENT MEMBER OF BAKER TILLY INTERNATIONAL

Graded number one audit firm by the Central Bank In November 2010 the Central Bank of Bangladesh (Bangladesh Bank) ranked ACNABIN as the number one audit firm in the country for audit of banks and financial institutions.

US AID ENLISTED In 1993 the United States Office of Regional Inspector General/Audit, Singapore, approved the firm to perform financial audits of USAID fund recipients in Bangladesh.

A. B. C.

Name of the firm Date of registration Mailing Address Telephone, Fax & E-mail

: ACNABIN
Chartered Accountants

: 15 February 1985 : BDBL Bhaban (Level-13) 12 Kawran Bazar C/A, Dhaka-1215 Bangladesh Phones : (880-2) 8144347-52 Fax # : (880-2) 8144353 E-mail : acnabin@bangla.net Web: http://www.acnabin-bd.com : House # 734, Road # 26 CDA Residential Area, Chittagong. : ABM Azizuddin B.Com.(Hons). M. Com., FCA (ICAB Registration # 46) : Iftekhar Hossain B.Com., FCA (ICAB Registration # 150) : Abu Sayed Mohammed Nayeem B.Com (Hons), M.Com, M.Sc (UK), FCA, FCCA (ICAB Registration # 353) : Mohammad Nurun Nabi B.Sc., FCA (ICAB Registration # 370) : Md. Rokonuzzaman M.Com., FCA (ICAB Registration # 739) : M. Moniruzzaman B. Com (Hons), M.Com., FCA (ICAB Registration # 787) : Md. Mominul Karim B.Com.(Hons.), M.Com., ACA (ICAB Regn. # 934)

D. E.

Branch Office Name of Partners, their education and qualification

F.

Name of Directors/Managers

: Md. Abul Hossain. M.A., B.A (Hons) in Economics Retd. Member, National Board of Revenue. : Ms. Foujia Haque B.Com, (Hons), M.Com, ACA

Services Offered: International expertise - Bangladesh is the home of Grameen Bank which has given microfinance to the world. We are proud to be working with Grameen Bank since early 90s and with other leading micro-finance institutions in Bangladesh such as ASA and BRAC. We have also worked overseas in micro-finance related assignments in China, India, Malaysia, Nepal, Bhutan, Ethiopia and Uganda. ACNABIN provides quality services to a diverse and wide range of clients in the private and public sectors in Bangladesh. It also provides services to international development agencies and expatriate consultants working in different projects. The services offered cover the following areas : * Feasibility Study * Management Consultation * Statutory Audit * Accountancy * Taxation * Company Secretarial * Accountancy and Management Training * Systems Development * Data Processing with Computers * Privatization Consultancy (e.g. pre-privatization review, ...restructuring, valuation and privatization assistance in general). * Other accounting related services (including investigation and ...management audit) * Fraud Prevention Control Setup * Financial Administration Setup-Policies & Procedures * Accounting Software Setup/Training * Business Performance Management-Balanced Scorecard Setup * ISO 9001-2000 QMS Audit Consultancy * US Income Tax Filing for Individuals, Partnerships & Corporations * Micro Finance Consulting * Organizational Consulting * Receivership

Sectors in which the above services are provided: - Manufacturing * Apparel * Chemical and Process * Engineering * Fabricated Product * Pharmaceutical * Jute * Textiles - Commercial Service: * Courier and Cargo Services * Hospitality - Finance: * Banking * Investment Bank * Insurance - Energy and Telecommunications: * Oil and Gas * Power * Telecommunication * Mining - Not-For-Profit Organization: * Non Government Organization * Charitable Organization * School

Audit/Consultancy/Taxation and Other Services: We have worked and also working as Auditors/Consultant to many National, multinational an international organizations working in Bangladesh. Names of some organizations are giving below: Financial Institutions/Insurance: * Sadharan Bima Corporation * Rupali Insurance Company * Arab Bangladesh Bank Ltd. * Al Baraka Bank * Agrani Bank * Bank of Small Industries and Credit (BASIC) * Bangladesh Bank * Bangladesh Shilpa Bank * Bangladesh Shilpa Rin Sangstha * Bangladesh Krishi Bank * Bangladesh General Insurance Co. * Credit Rating and Information Services Ltd. * Capital Market Securities Ltd. * Eastern Bank Limited * GSP Finance Company (Bangladesh) Limited * Hanil Bank, Dhaka Branch * Ismailia Co-operative Bank Ltd. * Janata Bank * Sonali Bank * Societe Generale, Dhaka Branch * Shahjalal Bank * ACNABIN was engaged in "Commercial Bank Restructuring Project financed by World Bank. It was a part of a program to revitalize and strengthen Rupali Bank's Strategy Business Plan. The work consisted of special evaluation of capital and financial position focusing on (i) audit of loan portfolio, other assets, investments, contra items (ii) matching between assets and liabilities and (iii) adequacy of capital. * Bangladesh Bank had appointed us for Verification of Director's loan and financial position of The City Bank Ltd.

Multinational Organizations * American Airlines * C S International (Offshore) Ltd. * Deutag * Discovery Communications Bangladesh Ltd. (U.S.A.) * Eurotrade International Ltd. (France) * EBD Ltd. (Emeryworld) * Federal Express * Grameen Cybernet * Grameen Phone-Telenor * Hanjin Engineering & Construction Co. Ltd. (S. Korea) * Highlight Polynat Pte. Ltd. * Korea Heavy Industries Corporation * Kuehne & Nagel * Link Tex Ltd. (Singapore) * Levi Strauss Eximco Ltd. * Leader International (Hong Kong) * Monsanto (Bangladesh) Limited (U.S.A.) * MD Foods Ingredients, Milco Bangladesh * Novartis (Bangladesh) Limited * Orchard International (Hong Kong) * Occidental Petroleum Corporation, LA, USA * Occidental of Bangladesh Ltd. * Petrochem (Bangladesh) Limited * PIL (Bangladesh) Ltd. * Right Textiles Ltd. (Netherlands) * Rothman of Pall Mall (Intl.) Ltd. * Shell Bangladesh Exploration and Development B.V. ... (Netherlands) * The Shell Company of Bangladesh Ltd. (U.K.) * Shell Bangladesh Petroleum Ltd. * Sheba Telecom Ltd. (Malaysia) * Samsung Co. Ltd. (S. Korea) * Sandvik (Singapore) * SGS Bangladesh Ltd. (Switzerland) * TWA (USA) * TFL Ledertechnik GmBh * Unocal Corporation, Texas, USA * United Meridian Corporation (UMC)/Ocean Energy ...(USA) * Van Happen Fashion Ltd. (Netherlands) * YKK Zippers (Singapore) Pte. Ltd.

Autonomous Bodies/Corporations * Bangladesh Rural Telecom Authority (BRTA) * Bangladesh Biman Airlines * Bangladesh Rural Development Board (BRDB) * Bangladesh Power Development Board (BPDB) * Dhaka Electric Supply Authority (DESA)

* Fauji Chatkal * Government Employees Community Center * L.P. Gas Ltd. * Palli Bidyut Samity * Petro Bangla * Rural Electrification Board (REB) * Sena Kalayan Sangstha * Titas Gas Transmission and Distribution Co. Ltd. * Zia Fertilizer Co. Ltd. Contact Address: ACNABIN
Chartered Accountants

BDBL Bhaban (Level-13) 12 Kawran Bazar C/A, Dhaka-1215 Bangladesh Phones : (880-2) 8144347-52 Fax # : (880-2) 8144353 E-mail : acnabin@bangla.net Web: http://www.acnabin-bd.com

Rahman Rahman Huq (RRH),

the member firm of KPMG International in Bangladesh

Rahman Rahman Huq (RRH) the member firm of KPMG International in Bangladesh is one of the leading providers of Audit, Tax and Advisory services Founded in 1962, we offer services in the field of audit, tax and advisory. We work for a broad group of clients: major domestic and international companies, medium-sized enterprises, nonprofit organisations and government institutions. The complicated problems faced by clients require a multidisciplinary approach. Our professionals are specialists in their fields. They strive to add value for the benefit of clients. They draw from knowledge and

Dhaka office: 9 Mohakhali C/A (11th & 12th Floors) Dhaka- 1212 Bangladesh Tel: +880-2-9886450-2 Fax: +880-2-9886449 Email: bdfmdhaka@kpmg.com

Chittagong office: 102 Agrabad C/A Chittagong Bangladesh Tel: +880-31-710704 Fax: +880-31-710996 Email:bdfmchittagong@kpmg.com

experience, gained in a wide range of different organisations and markets.

Profile of A. Qasem & Co.

A. Qasem & Co. is one of the most reputed and successful audit firms in Bangladesh. Founder partner Late Mr. A. Qasem, FCA set up A. Qasem & Co. in the year1953 in Chittagong. Branches were set up in Dhaka & Karachi. At present AQC operates from two offices in Dhaka & Chittagong respectively. Over the last five decades the firm has been associated with many notable organizations in then Pakistan & Bangladesh. A.Qasem & Co. provides a broad range of financial & consultancy services. As a prominent local firm, in fact the oldest audit firms of Chartered Accountants in Bangladesh, the concerned parties are able to combine a detailed knowledge of local statute, custom, regulation & requirements with the resources and skill of a highly motivated and dedicated team of professionals available with the firm. The firm is now being led by Mr. Sohel Kasem, FCA and managing partner of the firm. He served his articles with Coopers & Lybrand, London and qualified as a Chartered Accountant from the Institute of Chartered Accountants of England and Walesin 1981. Besides being the managing partner of the firm, he was also the President of theInstitute of Chartered Accountants of Bangladesh (ICAB) for 2004. The other partners of the A. Qasem & Co. Mr. Kamran I. Choudhury; Fellow Member of the Institute of Chartered Ms. A. Sanjida Kasem; Fellow Member of both ICAB and ICMAB. Accountants of England and Wales. Mr. Motaleb Hossain, ACA Mr. Hamidul Islam, ACA Mr. Mofazzul Hossain, ACA

International Affiliation
AQC is an Associate Firm of PricewaterhouseCoopers (PWC), which is one of the largest professional firms in the world, operating in 152 countries with 150,000 partners and staffs worldwide. PricewaterhouseCoopers (or PwC) is one of the world's largest professional services firms. It was formed in 1998 from a merger between Price Waterhouse and Coopers & Lybrand, both formed in London. PricewaterhouseCoopers earned aggregated worldwide revenues of $28 billion for fiscal 2008, and employed over 146,000 people in 150 countries. In the United States, where it is the fifth largest privately owned organization, it operates as PricewaterhouseCoopers LLP. PricewaterhouseCoopers is a Big Four auditor, alongside KPMG, Ernst & Young and Deloitte Touche Tohmatsu.At present, AQC has about 90 professional staff. Being an Associate Firm of PricewaterhouseCoopers, AQC is able to supplement its own resources with the experience and expertise of the staffs in South Asia, India, North America, Continental Europe and many other parts of the world. The following Firm Data Sheet will give more detailed information- Name of the Firm A. Qasem & Co., Chartered Accountants Founded in 1953 Total number of Chartered Accountants 11 Principle Mr. Sohel Kasem FCA, FCA (England & Wales) Partners Ms. A. Sanjida Kasem FCA, FCMA Mr. Kamran I. Choudhury, FCA Mr. Motaleb Hossain, ACA Mr. Hamidul Islam, ACA Mr. Mofazzul Hossain, ACA Director, Consulting Mr. Shakil Kasem Director, Human Resource Mr. Wadud Choudhury Audit Mangers Ms. Nusrat Jahan, ACA Mr. Obed Pandit, ACA Mr. Imran Ahmed, ACA Mr. Mamun Ahmed, ACA Mr. Fazlul Haque, ACA Foreign Investment Advisor Mr. Jainul Abedin

International Affiliation PriceWaterhouseCoopers (PWC) 1 London Bridge London SE, 9QL, UK Contact Address: Gulshan Pink City, Suites# 1-3 (Level- 7), Road # 103, Gulshan-2, Dhaka-1212 Phone:8837285-7 E-Mail: qasem@dhaka.agni.com Web site: www.aqcbd.com

Reputation of the Firm

From its early commencement in 1953, A. Qasem & Co. expanded rapidly, and within a couple of years it had been able to establish full fledged offices in Dhaka, Chittagong, which made it one of the leading accounting firm in Bangladesh. However, its professional activities in Bangladesh have grown manifold in diversified fields and today it is acknowledged as the leading firm of accountants and financial consultants in Bangladesh. AQC, together with its management consulting operations, established an extensive accounting, audit and tax practice, and has also carried out large number of feasibility studies, project planning, economic and statistical surveys and market studies etc. besides, it has executed a good number of consultancy air-water-railway transportation, health and family planning, water supply and sewerage, energy saving and conservation, communication sectors etc. A distinguishing feature of AQC's practice has been its catalytic role to bring under one umbrella the qualifications and experiences of top graded professionals available in the country, specialized in corporate and public finance, macroeconomic policy planning and analysis, management appraisal, computer application, perfect planning and monitoring, market survey, manpower planning and training, pre-investment studies, institutional reforms etc.

Address:
Pink City Suites #01-03 (Level-7) , Plot # 15, Road # 103, Block- CEN(C) Gulshan Avenue, Dhaka-1212 Phone: +880-2-8837285-7 Fax: +880-2-8837698 Email: aqasem@aqcbd.com