Firm Profile

B.R.S.S. & Associates,

Chartered Accountants

www.brsa.com.np
Audit & Assurance | Advisory | Taxation
Project Financing | Book-keeping
Cost Certifications | Internal Audit
SOP Design & Implementation
Working Capital Certification
A full-service firm of corporate
strategists, auditors, tax
advisory experts, financial
analysts with over 12 years of
experience in servicing trading,
manufacturing, services
industries.
About Firm
Introduction

Our Team Leaders

Our Work Philosophy

Service Commitment &
Confidentiality

Services
Audit & Assurance
Accounting and Business Support
Business Advisory
Taxation Advisory
Transaction Advisory

Our Clientele

Contact Us
Office Address
Team Strength
ABOUT FIRM
B.R.S.S. & ASSOCIATES (BRSSA) | Chartered Accountants is a firm registered
under the laws of Nepal as a Chartered Accountant firm to provide
accounting, audit, assurance, taxation and advisory services. Over the years
team BRSSA have diversified its experience of auditing and are well
exposed with business arena and enriched corporate culture, dedicated
towards profession and earnest towards its stakeholders. BRSSA has been
able to serve the clients from the diverse sectors which include
manufacturing industries, trading business, not for profit organizations,
cooperative organizations, Private Equity Funds, Co-operatives, Educational
Institutions and service industries.

B.R.S.S. & ASSOCIATES (BRSSA) | Chartered Accountants is a gold approved

employer of ACCA, firm is formally recognized partners of ACCA to provide
a working environment that is designed to support ACCA members and/or
trainees.

Our Offices
B.R.S.S. & ASSOCIATES | Chartered Accountants
Office: Anamnagar, Kathmandu, Nepal
Our Team Leaders
Binod Raj Singh, [FCA, M.Com, LLB, Dip.IFR]
Binod Raj Singh is fellow member of The Institute of Chartered
Accountants of Nepal and Institute of Chartered Accountants of
India, He also holds degree in masters of commerce in Finance &
Taxation and has certification on CS Executive program from
Institute of Company Secretaries of India (ICSI). He has
experience of 9 Years+ in Corporate Finance, Auditing, Risk &
assurance, Internal Audit, Business Advisory Services.

His prior experiences include service in Chaudhary Group (CG

Corp | Global) as an Asset Manager for International Hospitality
Division of the group and International Education business of the
group. Hospitality division includes portfolio of 60+ luxurious
Hotels (Including brands like Taj Hotels, Radisson NY, and Jetwing
Hotels etc.) across Sri Lanka, Maldives, Philippines, New York,
China, India etc.

He has served for leading companies in automobiles industry in

Nepal (e.g. YAMAHA, SKODA, FIAT, JCB, MAN etc.,) as Corporate
Finance Manager.

He has completed his 3 Years Internship from ASA & ASSOCIATES

LLP (A member form of NIS Global), where he was exposed to
Compliance & Taxation assignment for various Japanese
companies, doing business in India.

Major Audit/ Bookkeeping/ Consulting Experiences :

• Chaudhary Group Companies including Hotel management
companies
• MAW Group of Companies (Yamaha, Skoda, JCB, Jeep etc)
• Setikhola Hydropower Private Limited
• Mount Rasuwa Hydropower Private Limited
• Kanchanjunga Hydropower Private Limited
• Pokhara Football Stadium – Government Project
• Surkhet Football Stadium – Government Project
• Rasuwa / Jyandamba JV – Road Construction Project
• Nobel International Hospital Private Limited
• Lava International Nepal P Ltd
• Lava International HK Ltd
• Inone Smart Tech Hongkong Ltd
• Mypay (Smart Card Nepal)
• A Class Construction Companies
• Multiple Television
• Jagdamba Group Companies
• Mega Bank, Prabhu Bank Projects Audits
• NIC ASIA Securities Ltd
• Dish Media Network Ltd
• Prabhu Digital Private Limited
• EQ Nepal Private Limited – MIDEA
Our Team Leaders
Roshan Acharya, [CA, B.Com, Dip IFR]
Roshan Acharya is member of Institute of
Chartered Accountants of India and The Institute
of Chartered Accountants of Nepal. He has B.
Com degree from Madras University. Completed
Diploma in IFRS from ACCA-UK with highest score
in qualifying exam. He has experience of 11
years+ in auditing, risk & assurance with
particular love for fast paced, high growth,
international technology, hospitality related
companies and automobiles industry.

His past experience includes service in M/s

Singhvi, Dev and Unni, Chartered Accountants,
Bangalore, India as Risk and Assurance Manager
where he was involved in Internal Audit, Fraud
Investigation, Process Mapping, SOX compliance
for some of the renowned companies across
globe like Infosys Technologies, TATA Group of
Companies, Texas Instruments, Maini etc. He has
served as Financial Controller for CG Corp Global
(Hospitality division) whereby he successfully
completed various hospitality projects in Nepal
and in China.

He has served as Chief Manager –F&A in one of

the leading automobile company in Nepal, where
he was involved in system design and
implementation.

Major Audit/ Consulting Experiences :

• Chaudhary Group Companies including Hotel
unit of Group Taj Safari Meghauli, Vivanta by
Taj etc.
• Arrokhapa Hotel, Lijiang & Shangrila China
• Annapurna Media Group Companies
• Norvic International Hospital
• Medical Supplies Manufacturing Companies
• Dish Media Network Limited
• Sim TV Nepal
• Himalayan Builders & Engineers
• Cavinkare India
• Tej Cement (Cosmos Cement Industry)
• Pathao Group Companies
Our Team Leaders
Princy Lamichhane, [CA, B.Com]
Princy Lamichhane is a member of Institute of
Chartered Accountants of India and The Institute of
Chartered Accountants of Nepal. She has B. Com
degree from IGNOU. she has experience of 7 Years+
in Corporate Finance, Auditing, Risk & assurance,
Internal Audit, Business Process Reengineering
Services for varied industrial sectors.

Her prior experiences include service in Vishal

Group (UDN) as an Assistant Manager Internal
Audit where she was Responsible for preparing
process wise internal audit program, execute
internal audit for pre-decided processes and
streamlining and documenting the procedures for
critical business processes.

She has served as an Officer in one of the leading

Commercial Bank in Nepal, where she was involved
in Budget Controlling, MIS and Business Process
Reengineering.
she has completed her 3 Years Internship from ASA
& ASSOCIATES LLP (A member form of NIS Global),
where she was exposed to execution of statutory
and internal audits for varied industrial sectors.

Major Audit/ Consulting Experiences :

• Chaudhary Group Companies including Hotel
management company
• MAW Group of Companies (Yamaha, Skoda, JCB,
Jeep etc)
• Norvic International Hospital
• Nobel International Hospital Private Limited
• A Class Construction Companies
• Multiple Television
• Jagdamba Group Companies
Our Team Leaders
Srijana Gurung, [ACCA, BBS]
Srijana Gurung is a affiliate member of Association
of Chartered Certified Accountants ACCA-UK. She
has secured All Nepal Rank 1 in Advanced Financial
Management ACCA paper, All Nepal Rank 2 in
Strategic Business Reporting (SBR) ACCA Paper and
All Nepal Rank 2 in Strategic Business Leader (SBL)
ACCA Paper, also She has BBS degree from TU. she
has experience of 3 Years+ in Auditing, Risk &
assurance, Internal Audit, Business Process
Reengineering Services for varied industrial sectors.

She has completed her 1 Year Internship from SAR

& Associates, Chartered Accountants.

Major Audit/ Consulting Experiences :

• Chaudhary Group Companies including Hotel
management company
• MAW Group of Companies (Yamaha, Skoda, JCB,
Jeep etc)
• Norvic International Hospital
• Nobel International Hospital Private Limited
• Madan Medanta International Hospital
• Lava International Nepal
• Inone Smart Tech Hongkog Ltd
• Mypay (Smart Card Nepal)
• A Class Construction Companies
• Multiple Television
• Jagdamba Group Companies
• Setikhola Hydropower
• Rasuwa Hydropower
• Mega Bank, Prabhu Bank Projects Audits
Our Team Leaders
Ankit Kumar Yadav, [CA, B.Com]
Ankit Kumar Yadav is a
member of Institute of
Chartered Accountants of
India and The Institute of
Chartered Accountants of
Nepal. He also has B. Com
degree from IGNOU. He has
experience of 9 Years+ in
Managing SMEs Business,
Auditing, Risk Advisory &
Internal Audit.
OUR WORK
PHILOSOPHY

Service Commitment
And Confidentiality
The first step towards success is
mastering knowledge. All our
clients are continuously informed
about their legal alternatives and
the outcome of their decisions.
Our approach is proactive. We are
committed to our clients and
their businesses by providing top
quality legal advice and practical
solutions tailored to the clients’
immediate and upcoming needs.

We keep the confidentiality of all

information arising from the
client-attorney relationship and
of our communication relating to
the legal advice provided to our
clients. Confidentiality and non-
disclosure of information persists
the termination of the
relationship with our clients.

In a highly competitive and fast

changing business environment,
we take the next step by
establishing understandings with
our clients.

We always believe excellence is a

journey, not a destination, and
that each success is the starting
point for a greater one.
Our strengths are our people,
processes and professionalism.

Well structured teams with

domain specialization are guided
by leaders who possess expertise
and experience and are present
across Nepal to ensure excellent
client service.

Services We Offer

•Audit & Assurance

•Accounting and Business Support
•Business Advisory
•Taxation Advisory
•Transaction Advisory
 AUDIT & ASSURANCE ACCOUNTING AND BUSINESS SUPPORT BUSINESS ADVISORY TAXATION TRANSACTION ADVISORY

Advising on risk mitigation where our objectivity,

reliability and transparency enables fair presentation of
results and ease of management analysis.

AUDIT & ASSURANCE

✓Statutory Audit & Risk Advisory
✓Internal Controls & Audit
✓Financial Statements Audit
✓HR Audit & Other Special Purpose Audits

Statutory Audit & Risk Advisory

We provide statutory audit & customized risk management advice to keep the
organization compliant with Nepalese regulations, ensure that financial
statements are reliable and overall help you to curtail avoidable losses.

Internal Controls & Audit

We review and evaluate the effectiveness of your organization’s internal
controls. Based on the risk assessment, we evaluate the adequacy of existing
internal controls and perform checks whether these are appropriately
implemented. The processes, risks and controls are documented,
recommendations provided for improvement and we stay involved through the
implementation.

Financial Statement Audit

We carry out Statutory and Tax Audits to ensure that your financial statements
Audit present a true and fair view of financial positions and operational results
in accordance with the guidelines issued by the regulator.

Special Purpose Audit

We assist our clients with special purpose reviews wherein we check on
management Audits or regulator specified areas viz. Corporate Social
Responsibility, Anti-money laundering, Information Technology Systems, Grant
utilization, etc.
 AUDIT & ASSURANCE ACCOUNTING AND BUSINESS SUPPORT BUSINESS ADVISORY TAXATION TRANSACTION ADVISORY

Making optimal use of our presence in assisting with

adherence to complex Nepalese legislative framework
including accounting and regulatory compliance
outsourcing.

ACCOUNTING & BUSINESS SUPPORT

➢Financial Accounting & MIS Reporting
➢Payroll Administration
➢Regulatory Compliances
➢Compliance Diagnostics
➢Virtual CFO

Financial Accounting & MIS Reporting

Our teams are fully conversant with Nepalese and International accounting
software viz. Tally ERP, SWASTIK, etc. We ensure that your accounts are
maintained in accordance with domestic regulations as well as international
reporting norms. Our teams review, analyze and flag any potential issues to
ensure timely remedial action.
Payroll Administration
We set-up, maintain and ensure timely and accurate processing of employee
payroll. We also assist in preparation of HR manuals to document your HR
policies in compliance with Nepalese labor regulations and setting-up social
security benefits including insurance and claim administration.
Regulatory Compliances
We assist in regulatory compliances and advise on critical issues under various
regulations enacted by the Federal, State and Local Authorities. We provide a
‘one stop shop’ solution to businesses to manage the complexities of multiple
compliances through a single window.
Compliance Diagnostics
A specialized activity wherein we carry out a comprehensive diagnostic check
of your business to identify compliance gaps, risks thereon and suggest
mitigation measures. This helps in building up your corporate governance and
provides comfort to the Management, Board of Directors, Shareholders and
Auditors.
Virtual CFO
We act as your Virtual Chief Financial Officer (CFO), providing analytics and
business insights for decision making without you having to maintain a full-
fledged finance function
 AUDIT & ASSURANCE ACCOUNTING AND BUSINESS SUPPORT BUSINESS ADVISORY TAXATION TRANSACTION ADVISORY

From identifying the most suitable entry route to

providing a one stop shop for regulatory approvals and
consolidate the new set up.

BUSINESS ADVISORY
➢Corporate Advisory
➢Entry Strategy & FDI Process Assistance
➢Factory Set-Up Support
➢Secretarial Compliances

Corporate Advisory
We assist our clients to examine a proposed action or strategy vis-à-vis the
Nepalese regulatory environment. Our experts from varied service verticals
work together and provide clear advice on matters which could concern Project
Finance Consultancy, Foreign Exchange Management Act (FEMA), Foreign
Direct Investment (FDI), Company Law, Direct and Indirect taxes, labor matters,
Special Economic Zone (SEZ), etc.
Entry Strategy & FDI Process Assistance
We recommend the most appropriate structure to match your Nepalese
business strategy. We map risks and necessary steps required to register and
operate your entity (be it Liaison, Branch, Project Office, Limited Liability
Partnership, Wholly Owned Subsidiary or a Joint Venture in Nepal), in
accordance with the applicable regulatory and foreign exchange requirements.
Factory Set-Up
We assist you in establishing a factory anywhere in Nepal. We manage the
entire Support process from identifying an ideal location, key service
providers/contractors, to procuring the necessary clearances from government
bodies i.e. ‘Nepal Rastra Bank’ (NRB), ‘Department of Industries’ (DOI), ‘Office
of Company Registrar’ (OCR) etc.
Secretarial Compliance
On a routine basis, we assist you to meet your statutory requirements viz
drafting and Compliances maintaining statutory records such as minutes of
meetings (Annual, Shareholders, Board), appointment and resignation of key
personnel, increase/reduction in capital, etc. We organize the office
infrastructure and manpower during the ‘in transit period’ when a company is
in the process of setting up, including acting as nominee resident directors.
 AUDIT & ASSURANCE ACCOUNTING AND BUSINESS SUPPORT BUSINESS ADVISORY TAXATION TRANSACTION ADVISORY

Proactive and innovative solutions customized to create

certainty in structuring business transactions and advice
on emerging tax regulations.

TAXATION
➢ Planning and Advisory
➢ Indirect Taxation
➢ Representation and Dispute Resolution

Planning and Advisory

We monitor the overall tax strategy keeping in view the changing dynamics of
Indian tax legislation. We review your commercial and inter-company
contracts, build tax management positions and risk mitigation strategies,
conduct tax due diligence and undertake tax efficiency analysis of your
transactions.
Indirect Taxation
We assist in regulatory compliances and advisory on critical issues under
Income Tax Act, VAT Act etc. We advise on VAT implications on transactional
issues, cross border transactions, tax classification and transaction structuring
for achieving tax efficiency.
Representation
Our teams proactively manage risks and avoid conflict with Nepalese revenue
or Dispute Resolution appellate authorities. Our partner-led representations
assist in the entire cycle of tax litigation i.e. drafting and submitting full
assessment replies, appearing before the revenue officer.
 AUDIT & ASSURANCE ACCOUNTING AND BUSINESS SUPPORT BUSINESS ADVISORY TAXATION TRANSACTION ADVISORY

End-to-end advisory for clients on inorganic growth

strategies. Specialized team to guide on project
financing and banking.

TRANSACTION ADVISORY
➢ Project Finance Consulting
➢ Due Diligence
➢ Valuation
➢ Fund Raising

Project Finance Consulting

End-to-end support on project finance process with Banking & Financial
Institution (BFIs). We assist clients in understanding and realizing the potential
value of their business. We work closely with them to devise tailored strategies
during Project financing process & negotiations with banks.
Due Diligence
We offer both desktop due diligence i.e. promoter and company background
checks as well as detailed Financial and Tax Due Diligence involving on-site
reviews and interviews with the management. We also offer post-merger
integration support.
Valuation
We select the most appropriate, internationally acceptable valuation technique
to arrive at a fair business value prior to accepting or making an offer.
Valuations can be done for family settlements, dispute resolutions, purchase
price allocations, etc.
Fund Raising
We help our clients raise growth capital through venture capital, private equity
or banking channels (non-equity) by offering turnkey support involving
preparation of pitch documents, building of a valuation model and assist
during the ensuing negotiations.
OUR AUDIT & CONSULTING EXPERIENCES
Our Major Clientele
Assurance & Consulting Services
Our Office
Address &
Direct
Contact OUR OFFICES
B.R.S.S. & ASSOCIATES | Chartered Accountants

OFFICE ADDRESS
Anamnagar, Kathmandu, Nepal
T: +977-1-6226783 | E: info@brsa.com.np
W: www.brsa.com.np

DIRECT CONTACT:
+977 9801102000 (Binod Raj Singh)
+977-9801329876 (Roshan Acharya

Our Team Composition

• Full Time CA Qualified Professional : 4 including FCA
• Full Time ACCA Qualified Professional : 2 Including FCCA
• Semi Qualified: 3
• Audit Executives & Intern : 4
• Admin Staff : 2
Total 15 Members