United Arab Emirates

OUR VISION “We will be the first choice for companies in their selection of professional advisers.”

OUR MISSION “We will provide quality service to our clients by focusing on client specific needs and providing solutions to business problems, thereby adding value through expertise whilst maintaining integrity, professionalism and independence.”

Contents

A Culture of Quality Service Philosophy Range of Services PKF UAE International Network Publications

A Culture of Quality

PKF is a member firm of PKF International Limited, a top ten network of legally independent member firms comprising nearly 300 member firms in 125 countries and is still expanding. In terms of turnover and quality of delivery, our members are among the best international business advisory organisations. "Local expertise wherever you are" is our promise. Member firms of PKF International Limited share the same commitment: high quality, partner-led services tailored to each client's requirements and grounded in local knowledge. At the same time, membership of the network allows the sharing of knowledge, experience and skill that is so vital for our clients who do business in more than one country. Most importantly, the PKF International Limited network means a global standard of quality for you. Wherever you take your business, you can be sure of a trusted PKF International Limited member firm to support you with the same care and skill that you find at home. PKF International Limited is a member of the Forum of Firms - an organisation dedicated to consistent and high quality standards of financial reporting and auditing practices worldwide. PKF was established in the United Arab Emirates in 1976.

Service Philosophy

We believe in providing our clients with a total support system enabling them to focus on running their businesses. Communication and understanding are vital cornerstones in providing constructive advice to enable clients achieve their business objectives. Our wide range of services and an integrated team with a cost effective approach ensure that clients' expectations are met.

Our core competencies include: • Understanding you and your business • Proactive and constructive advice • Swift and efficient response • Partner/Director involvement • Commercial and practical approach • Communication

Range of Services PKF professionals in the UAE can provide expert advice on various business issues. Our services include:

Audit and Management Assurance Services

• External audit • Internal audit • Internal audit - compliance with the requirements of the Dubai Financial Services Authority • Organisation reviews and system studies • Due diligence reviews • Forensic and other investigations • Training and consulting on IFRS • Back office support services - accounting and payroll • Outsourced accounting and payroll services for companies registered in the Dubai International Financial Centre. • Management information systems

Management Advisory Services

• Business practices (process) assessment • Business risk identification • Accounting and procedure manuals • Market analysis and feasibility studies • Financial projections • Information memoranda • Business & share valuations • Identification and valuation of intangible assets on a business acquisition • Impairment reviews • Corporate structuring, acquisitions and disposals • Joint ventures and strategic alliances • Advice on partner/shareholder entry/exit • Fund raising

Offshore and Free Zone Services

• Entry strategy • Free Zone and offshore company formation • Company secretarial services • Company secretarial services for companies registered in the Dubai International Financial Centre • Registered agents services • Taxation Specialists in each area enable us to provide clients with the best advice in a timely manner, thereby enabling them to take full advantage of arising opportunities. A wide range of services allows us to provide clients with constructive and proactive advice from the inception of an idea, through its establishment as an operation, its growth and expansion, to the eventual realization of capital.

PKF UAE

PARTNERS

DIRECTOR

Graham Martins - Managing Partner Ansar Merchant Stany Pereira B.R. Sudhir

N. Raman

ASSOCIATE PARTNERS

ASSOCIATE DIRECTORS

Hoshedar Cooper Shajan Abraham

Vinod Joshi Saranga Lalwani

LOCATIONS Dubai

AI Maidan Tower 2, Suite 301-303 AI Maktoum Street, Deira P.O. Box 13094, Dubai, U.A.E. Tel: (971) 4-223 6508 Fax: (971) 4-223 4524 E-mail: [email protected]

Dubai Internet City

Office No.120, Bldg.10 P.O. Box 13094, Dubai Internet City, Dubai, U.A.E. Tel: (971) 4-449 5430 ; Fax: (971) 4-390 8836 E-mail: [email protected]

Dubai International Financial Centre 710 Currency House Tower 2 Dubai International Financial Centre P.O. Box 13094, Dubai, U.A.E. Tel: (971) 4-385 7285 ; Fax: (971) 4-325 7294 E-mail: [email protected]

Jebel Ali

Lease Office Building 16, Office No.133, 1st Floor Jebel Ali Free Zone P.O. Box 16952, Jebel Ali, U.A.E. Tel: (971) 4-881 5452 ; Fax: (971) 4-881 5451 E-mail: [email protected]

Abu Dhabi

The Blue Tower, 15th Floor, Sheikh Khalifa Street P.O. Box 7479, Abu Dhabi, U.A.E. Tel: (971) 2-626 1715 ; Fax: (971) 2-626 1716 E-mail: [email protected]

Sharjah

Golden Towers, 11th Floor, AI Buhaira Corniche P.O. Box 6207, Sharjah, U.A.E. Tel: (971) 6-574 0888 ; Fax: (971) 6-574 0808 E-mail: [email protected]

Hamriyah Free Zone

Office No. E2-115G-22 P.O. Box 51464, Hamriyah Free Zone Sharjah, U.A.E. Tel: (971) 6-574 0888 ; Fax: (971) 6-574 0808 E-mail: [email protected]

PKF International Network

NORTH AMERICA PKF International has 40 member firms in US and Canada.

nearly 300 125

PKF International Network

AFRICA

Algeria, Angola, Cameroon, Cote D’ivoire, Egypt, Gambia, Ghana, Kenya, Liberia, Mauritius, Mozambique, Morocco, Namibia, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Tanzania, Togo, Tunisia, Uganda, Zimbabwe

ASIA

China, Fiji, India, Indonesia, Japan, South Korea, Malaysia, Pakistan, Papua New Guinea, Philippines, Russia, Singapore, Taiwan, Thailand, Uzbekistan, Vietnam

AUSTRALIA

Australia, New Zealand

CARIBBEAN AND WEST INDIES

Antigua, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Dominican Republic, Grenada, Guyana, Jamaica, Nevis, Puerto Rico, St. Kitts, St. Lucia, Trinidad & Tobago, Turks and Caicos Islands

EUROPE

Austria, Belarus, Belgium, Bosnia and Herzegovnia, Channel Islands, Cyprus, Czech Republic, Denmark, Estonia, France, Georgia, Germany, Greece, Hungary, Ireland, Isle Of Man, Italy, Kazakhstan, Latvia, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Serbia, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom

MIDDLE EAST

Bahrain, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen

NORTH AMERICA

Canada, Mexico, United States of America

CENTRAL AMERICA

Belize, Costa Rica, EI Salvador, Guatemala, Honduras, Panama

SOUTH AMERICA

Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela

Publications

As part of the firm’s continuing service to clients, PKF has produced a number of publications for their information and benefit. These are as follows:

Practice Profile A profile of PKF in the UAE.

Statement of Credentials Details of the firm, clients, services and the team.

Doing Business in the UAE A guide to the UAE including economic and social background; the regulatory environment; basic business structures; grants and incentives (including free zones); taxation and employment.

Free Zones in the UAE A guide to the major Free Zones in the United Arab Emirates including the salient features and costs.

PKF Update A quarterly newsletter detailing news from PKF in the UAE and matters of interest in the region. All the foregoing publications can be obtained from any of the UAE offices.

“Developing a Business Relationship” Developing a good business relationship with our clients’ owners and management is key to our providing proactive and effective service. Constructive advice on a range of business issues is an important element of our work. In the United Arab Emirates our partners and staff look after the needs of several hundred clients with a wide range of business interests. The quality of our service depends upon the people who provide it, so our practice is one built upon a careful balance between responsiveness to the requirements of our clients and the highest professional standards of independence and objectivity. This is accomplished not only through the technical competence of our partners and staff, but by matching specific expertise to the assignment in hand.

This profile provides information about services rendered. This is a confidential document and has been provided to you at your request. It is meant for your personal use only and may not be circulated. June 2012 PKF UAE is a member firm of the PKF International Limited network of legally independent firms and does not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms.