Profile of Our Firm
PROFILE OF OUR FIRM
CVS.BALACHANDRA RAO & CO.,
A firm of Chartered Accountants based at Hyderabad since 1995.
ORGANISATION DETAILS
Name CVS.BALACHANDRA RAO & CO.,
Chartered Accountants
Address 4-4-214, Inderbagh, Sultan Bazar
Hyderabad - 500 095
Telephone Numbers 040 - 23225111
040 - 64615111
Cell : 98490 35315
E-Mail Address
Date of Establishment 06/08/1996
I.C.A.I. Regn. No. FR NO.007507S / 01-04-1998
I.C.A.I. Grade CATEGORY I
Unique Code / RBI . 023105 / 10-03-1998
Bank Empanelment No-MEF No. 025341
C & A G empanelment No. HYD0477
PAN AADFG6337K
Service Tax Number AADFG6337KSD002
Constitution Partnership firm
Details of Partners:
Sl. Name of partners Membership Date of F.C.A./ No. of Years
No. No. COP A.C.A. Experience
1. CVS.Balachandra Rao 204580 21.08.1995 F.C.A. 18
2. H.V.Narasinga Rao 204452 03.08.1995 F.C.A. 17
3. A.Srinivasa Rao 021511 03.09.1981 F.C.A. 31
4. P.J.Prasad 202314 28.01.1993 F.C.A. 20
5. G.Vijay Kumar 231364 28.09.2012 A.C.A. 1
6. S. Rajesh 233448 13.06.2013 A.C.A 1
Details of Ex-Bankers:
Sl. Name of the person No. of Years experience
No.
1. C.M. Rama Krishna Rao 25 years Retired Senior Manager (VRS) Andhra Bank, Miryalaguda Branch
2. J.Venkat Rao 38 Years, Retired Chief Manager
(AO Advances) State Bank of Hyderabad,
Regional Office, Region III, Secunderabad.
3. Chandra Mohan Lal 35 Years, Retired Chief Manager
(Advances) State Bank of Hyderabad,
4. A K Gupta 36 Years, Retired Senior Manager
(Advances) Andhra Bank, Hyderabad,
MANPOWER INVOLVED
Partners 6
Ex-Banker 4
Article Students 16
Paid Assistants 35
Computer Staff 5
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Total 66
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AREAS OF OPERATIONS
Company Audits
Corporate Consultancy
Bank Audits
Income Tax Consultancy
VAT
Company Law Matters
Financial Services
EXPERIENCE
16 years experience in this line of activity ie., Audit, Taxation and Management Consultancy
COMPTROLLER & AUDITOR GENERAL OF INDIA
1. Security Printing Press (2007 onwards)
A unit of Security Printing and Minting Corporation of India Limited,(Wholly owned by Government of India, Ministry of Finance) (Mint Compound, Saifabad)
2. Bharat Dynamic Limited
3. New India Assurance Limited
2009-2010 – R.P. Road Branch, Secunderabad
2010-2011 – R.P. Road Branch, Secunderabad
2011-2012 – R.P. Road Branch, Secunderabad
2012-2013 – R.P. Road Branch, Secunderabad
4. Mineral Exploration Corporation Limited
2011-2012 – Hyderabad
2012-2013 - Hyderabad
5. Andhra Pradesh Road Development Corporation
2001-2002
2002-2003 2003-2004 2004-2005
6 Hindustan Aeronautic Limited Employees Co-Op. Society
DEFENCE AUDITS
1. CISF NISA, Hakimpet, Hyderabad
Stock Audit and Internal Audit
2011-2012
2012-2013
2. Military Ahimsans, Ramakrishna Puram, Hyderabad
- Regimental Funds Audit
3. Military CSD HQ 334 MSL BDE,
Ramakrishna Puram, Hyderabad
Stock Audit and Internal Audit
STATE GOVERNMENT AUDIT
1. Drought Relief Development Authority, Hyderabad, A. P.
2 SSA (Serva Siksha Abhiniyas) – (RBC and NRBC)
3. DWAKRA Units – 5nos
4. Nalgonda Police Co-Op. Society -2000 onwards
5. Watershed Units
6. Andhra Pradesh State Aids Control Society –
(Khammam - 4 Units, Manchiryal – 1 Unit and Nellore – 2units)
7. Department of Agriculture – RKVY (2007 – 2012)
BANKING / FINANCIAL SECTOR
Branch Statutory Audit of Nationalized as well as Private Banks
STATUTORY BRANCH AUDITS
UCO BANK 2009 -2012
2011-2012
- Chennai Main Branch, Tamilnadu (Total Advances:Rs 90 Crores)
- Tirupur Branch, Tamilnadu (Total Advances: Rs.208 Crores)
- Indira Nagar Branch, Bangalore (Total Advances: Rs. 82 Crores)
2010-2011
- Banjara Hills Branch, Hyd (Total Advances:Rs 350Crores)
- Jubilee Hills Branch, Hyd (Total Advances: Rs.275 Crores)
- Malakpet Branch, Hyd (Total Advances: Rs.90 Crores)
2009-2010
- M.G. Road Branch (Total Advances:Rs 445 Crores)
- Suryanagar Branch (Total Advances: Rs.210 Crores)
- KPHB Branch (Total Advances: Rs.97 Crores)
2008-2009
- Abids Branch (Total Advances:Rs 169 Crores)
- Tirupathi Branch (Total Advances: Rs.195 Crores)
SOUTH INDIA BANK
2011-2012
Annojiguda Branch, Hyderabad (Total Advanes Rs.3 Crores)
Chintalkunta Branch, Hyderabad (Total Advanes Rs.3 Crores)
Palamkole Branch, Hyderabad (Total Advanes Rs.3 Crores)
2012-2013
Annojiguda Branch, Hyderabad (Total Advanes Rs.7.50 Crores)
Chintalkunta Branch, Hyderabad (Total Advanes Rs.5.40 Crores)
Palamkole Branch, Hyderabad (Total Advanes Rs.7.20Crores)
CANARA BANK
2005-2006
- Narayanaguda Branch Audit, Hyderabad
- S.R.Nagar Branch Audit , Hyderabad
- Malkajgiri Branch Audit, Hyderabad
2004-2005
- Kadthal Branch Audit
- Keshampet Branch Audit
- Kyatoor Branch Audit
2003-2004
- Roddam Branch Audit
- Puttaparthy Branch Audit
- Chinnakothapally Branch Audit
ANDHRA BANK - Branch Audit
- 2002-2003
Srinagar Colony Branch, Hyderabad
Raghupathypet Branch, Kurnool
Chinna Bazar Branch, Tirupathi
2001 – 2002
- Samalkot Branch, Kakinada
- Bazar Branch, Vijayawada
- Sitarampuram Branch, Vijayawada
2000 – 2001
- Bheemavaram Branch
- Koyyalagudam Branch
- Kakinada Branch
1999 – 2000
Hanuman Junction Branch, West Godavari Dist.
Gannavaram Branch, Krishna Dist.,
Srikakulam Branch, Krishna Dist.
1998 – 1999
Tadepalligudem Branch
Pithapuram Branch
Ravulapalem Branch
TAMILNAD MERCANTILE BANK
1998 – 1999
Hyderabad Branch Audit
Secunderabad Branch
Corporation Bank
1997 - 1998
Bheemavaram Branch
Thimmapuram Branch
CONCURRENT AUDITS
1. Tamilnad Mercantile Bank – 2011-2014
(Siddiambar Bazar Bank, Hyderabad, Advances: Rs.500 Crores)
2. Indian Bank – 2011 - 2014
(Governorpet Branch, Vijayawada, Advances: Rs.70 Crores )
3. Jammu and Kashmir Bank – 2011 – 2014
(P.C Branch, Hyderabad, Advances: Rs.50 Crores)
4. Federal Bank, Lakkadi Ka Pul Branch, - 2011-2013 (July,2013)
Hyderabad -2009-2012 (Advances:Rs.90 Crores)
5. Canbank Factors Limited, Himayat nagar Branch, 2010-2013
Hyderabad -2009-2012 (Advances:Rs.135 Crores)
6. Indian Overseas Bank,R.P.Road Branch, 2012-2014
-: Hyderabad 2012-2013 (Advances: Rs2200 Crores)
7. Central Bank of India, 2012-2014
Vanasthalipuram Branch ,Hyderabad (Advances: Rs 35 Crores)
Begum Bazar Branch, Hyderabad :2008-2011, Advances:Rs.15 Crores)
8. IDBI Bank, Hyderabad 2009-2011
- Registry And Transferee Audit
9. Bank of India, Dilsukhnagar Branch, Hyderabad-2008-11
(Advances:Rs.40 Crores)
10. Andhra Bank, Somajiguda Branch, Hyderabad-2009-11
(Special Corporate Branch, Advances:Rs.1400 Crores)
11. Bank of Baroda, Hi-Tech City Branch, Hyderabad-2007
12 Andhra Bank, R.C.Puram Branch, Hyderabad – 2006
13 Union Bank of India, Jagital, Karimnagar Dist., -2005
CREDIT AUDITS
INDIAN OVERSEAS BANK
2010-2011 – Indu Projects Limited
2012-2013 – M/s MS Agarwal Foundries Private Limited
CANARA BANK
2011-2012
1.Maruthi Seeds – Karimnagar
2.Mayuri Seeds - Karimnagar
3.Maheswari Seeds - Karimnagar
4.Sai Gupta Dairy Farms – Vikarabad
5.Viyajalaxmi Dairy Farm – Vivekananda Nagar, Vikarabad
CENTRAL BANK OF INDIA
2012-2013
1. Vengate Bala Krishna, Vanasthalipuram Branch, Hyderabad
2. VSR Poultry Farms, Vanasthalipuram Branch, Hyderabad
REVENUE AUDITS
THE KARUR VYSYA BANK LIMITED
2009-2010
KPBH Colony Branch, Hyderabad
Nizampet Branch, Hyderabad
2010-2011
KPBH Colony Branch, Hyderabad
Nizampet Branch, Hyderabad
Machilipatnam Branch, Hyderabad
2011-2012
KPBH Colony Branch, Hyderabad
Nizampet Branch, Hyderabad
2012-2013
KPBH Colony Branch, Hyderabad
Nizampet Branch, Hyderabad
Kalyan Nagar, Hyderabad
Vanasthalipuram, Hyderabad
PUNJAB NATIONAL BANK
2004-2005 – 3 Branches
2005-2006 – 3 Branches
2007-2008 – 6 Branches
CENTRAL BANK OF INDIA
2009-2010 Alibad Branch
2010-2011 Alibad Branch
QUARTERLY REVIEW AUDIT
2010-2011 Mogulrajapuram Branch, Indian Bank, Vijayawada
2011-2012 Mogulrajapuram Branch, Indian Bank, Vijayawada
EXTERNALLY AIDED PROJECTS/
SOCIAL SECTOR PROJECTS
1. Hindustan Latex Family Planning Promotion Trust (41 NGOs and CBOs and Local HO)
2. Gamana
3. Health For All
4. Khaleelulah Hussaini Memorial Foundation
5. Mahila Welfare Society
6. Sneha Mahila Mutually Aided Co-Operative Thrift & Credit Society Limited.
7. Iswarya Helping Old Age Home Mercy Centre
CO-OPERATIVE SECTOR AUDITS
1. Hindustan Aeronautic Limited Employees Co-operative Society
2. Non Government Organizations (125 no)
SPECIAL AUDITS
INTERNAL AUDITS
1. Can Fin Homes Limited, Kukatpally Branch, Hyderabad -2011-2013
(Advances:Rs.100 Crores)
2. Adani Wilmar Limtied - Hyderabad
3. Intas Bio Pharmaceuticals Limited - Hyderabad
4. Acalmar Oils and Fats Limited
5. Ram Charan Oil Industries - Stock Deposit Holder of
- Adani Wilmar Limtied – Castor Oil Division, Hyderabad
6. Bharat Dynamic Limited (B.D.L)
7. Bharat Sanchar Nigam Limited (BSNL) GMTD - Srikakulam
8. Hindustan Latex Family Planning Promotion Trust(HLPPT)
- Swagati Project - II ( 42 Locations covered in AP)
9. Andhra Pradesh State Beverages Corporation Limited
(APSBCL) ( 8 Locations covered in AP)
(Ranga Reddy Depot IV, Ranga Reddy Depot III, Chittor – II, Nalgaonda – II, Kurnool, Cuddaph, Anathapur, Tiurpathi)
STOCK AUDITS
1. Canara Bank –
2010-2011
1. Maheshwari Seeds, Karimnagar, (limits Rs.3 crores)
2. Maruthi Seeds, Karimnagar, (limits Rs.3 crores)
3. Mayuri Seeds Processing Plant, Karimnagar, (limits Rs.3 crores)
2011-2012 : Valuation of Securities
1. Vensa Laboratories Private Limited
2. Srimatha Agritech
3. Siri Industies
4. Vijayaraj Poultry Equipments Private Limited
5. Vama Infrastructure Private Limited
6. Raj Breeders & Hatcheries Private Limited
7. Raj Chick Farms
8. Bhadradri Ram Farms Private Limited
2012-2013 : Valuation of Securities
1. Vensa Laboratories Private Limited
2. Srimatha Agritech
3. Siri Industies
4. Vijayaraj Poultry Equipments Private Limited
5. Vama Infrastructure Private Limited
6. Raj Breeders & Hatcheries Private Limited
7. Raj Chick Farms
8. Bhadradri Ram Farms Private Limited
2. Indain Overseas Bank – 2011-12 - Indu Projects Limited
3. Jammu and Kashmir Bank – 2011-12 - Millennium Appliances, Hyderabad
4. Bank of India
i. ICSA (India) Limited – 2009 (limits above Rs.195 crores)
ii. Solar Semi-Conductor Private Limited – 200 (limits above Rs.60 crores)
5. B.Srinivasa Rao Power Constructions Private Limited (Turnover Rs. 45 crores)
6. Amtek Research Private Limited (Turnover Rs. 5 crores)
7. Neo Fine Chemicals (Turnover Rs. 50 crores)
8. Adani Wilmar Limtied – Hyderabad (Turnover Rs. 75 crores)
9. Intas Bio Pharmaceuticals Limited - Hyderabad (Turnover Rs. 12 crores)
10. Acalmar Oils and Fats Limited (Turnover Rs. 150 crores)
11. Spice Mobile Stores (15 locations in Hyderabad)
12. Croma Departmental Stores (3 locations in Hyderabad)
11. Ram Charan Oil Industries
Stock Deposit Holder of Adani Wilmar Limtied – Castor Oil Division, Hyderabad
12. Narang Hospitality Services Private Limited - Balanagar Unit and S.R.Nagar Unit
13. Sports Station India Private Limited (All Nike Show rooms- Hyderabad)
14. Daikin Air Conditioning India Private Limited (80 Locations in Andhra Pradesh )
15. Swarovski India Private Limited (4 Locations)
16. Sistema Shyam Teleservices Limited (MTS) (3 locations)2010-2013
17. Aniline Dyes & Chemical Company
18. Parixit Industries Limited
19. Hamdard (Wakf) Laboratories
20. Super Max Personal Care Private Limited (4 locations in Hyderabad including Factory)
21. Zydus Cadila Limited
22. NCR Limited – 2012 – 10 loactions
23. Kotak Mahindra Bank Limited - 2010-2011
1.MGB Motors and Auto Agencies Private Limited - 2 Locations
2. Modi Motors Agencies Private Limited – 6 Locations
3. VSN Commercial Private Limited – 1 location
4. Tirumala Music Centre Private Limited – 6 Locations
5. KUN United Car Trax Private Limited – 1 location
6. JMA Rane Marketing Limited – 1 location
7. Sukaso Cara Private Limited – 1 location
8. Luxosphere Italia India Private Limited – 1 location
9. Ramcor Marketing Private Limited - 1 Location
10. Triomech Engineering Private Limited – 1 location
KYC AUDIT Andhra Bank (One branch)
EDUCATIONAL INSTITIUTIONS AUDITS
1. M K Computer and Education Society.
2. Georgian Business School Private Limited.
3. Madarsa Islamia Riyaz Ul-Uloom.
4. Akka’s Edcuational Society.
5. Gunrock Enclave High School.
6. Siddarhtha English Medium School.
7. Sri Vignana Vardhani High School.
8. Vision Academy High School.
9. K.P.Educational Society.
10. Krishna Veni Talent School.
11. Oxford Public School.
12. St. Faiz Memorial School.
13. Jasarath Mission School.
14. Nalgonda Degree College.
15. Madina Public School.
CRISIL (Unit Inspections)
1. Kun United Car Trax Private Limited. - Hyderabad
2.Visakha Wire Ropes Limited
3.Priyanka Refineries Private Limited.
4.Universal Converters Private Limited
5. Adarsha Motors – Karim Nagar
6. Adarsha Motors – Manchiryal
7. L.V.Motors – Nalgonda
8.MBA Motors – Miryalguda
9.Priyanka Rubber Limited –
10.Raja Motors – Warangal
11.Rangaraya Motors – Khammam
12.Sneha Motors Private Limited – Hyderabad
13.Sri Gokul Motors – Rajamundry
14.Susheel Motors Private Limited – Hyderabad
15. Universal Converters Motors Private Limited – Chitoor
16.Visaka Wire Ropes Limited – Vizag
17. Vishnu Priya Automobiles -
18. Oswal Cables Private Limited –Hyderabad
19.Telecanor Global Limited – Hyderabad
20.Saastha Ware Housing Limited.- Hyderabad
PRIVATE SECTOR
Statutory/Internal/Tax Audits of Large/Medium/Small Scale Industrial Companies, Consultancy on Corporate Tax Planning, Firms and Individual Tax planning, Systems and Internal Controls, etc.
Overall our firm is having a client base of about 2500 organizations in the arena of private and public sector.
FOREIGN COMPANIES
1. Emissions Reduzierungs Concepte India Private Limited (German Company)
2. Bizlink Interconnect Technology (India) Private Limited (Malaysia Company)
3. Swarovski India Private Limited (Austria Company)
PUBLIC LIMITED COMPANIES
1. Adilabad District Co-operative Bank Limited (State Govt. owned Bank)
2. Arvind Rasayana Udyog Limited
3. Axsys Health Tech Limited
4. Can Fruit Export India Limited
5. Canline Overseas Limited
6. Divis Laboratories Limited (Listed Company) (Turnover Rs.750 crores)
7. I World Cybertech Limited
8. Indus Hospitals Limited
9. Jyothirmayee Exports & Imports Limited
10. Maruthi Cottex Limited
11. Paras Technologies Limited
12. Samaritan Apparels Limited
13. Sarigama India Limited
14. Subras Limited
15. Teknomin Constructions Limited
16. UBE Industries Limited
17. UBE Tools Limited
18. UBE Projects Limited
19. UBE Weld products Limited
20. UBE Automotives Limited
21. Adani Wilmer Limited
22. Acalmar Oils and Fats Limited
23. Ravel Estates Limited
24. Ravel Estates Marketing India Limited.
25. Swarnadhatri Developers Limited.
PRIVATE LIMITED COMPANIES
1. ABNS Tranz Technologies Private Limited
2. AGIT Services Private Limited
3. Agreen Bio Sciences Private Limited
4. AirMax Couriers Private Limited
5. Akshayapathra Consumers Sales and Services Private Limited
6. Aljass Fresh Foods Private Limited
7. Amkem Research Private Limited
8. Amtech Research Private Limited
9. Anmol Systems House Keeping & Allied Activities Private Limited
10. Aqua Plumbings Private Limited
11. Aradhana NetWorks Private Limited
12. Archstone Construction Management Private Limited
13. AReddy Software Solutions Private Limited
14. Arvind Poly Chem Private Limited
15. Aster Software Solutions Private Limited
16. Atufa Feeds & Farms Private Limited
17. Ayces Services Private Limited
18. B.Srinivasa Rao Power Constructions Private Limited
19. Beam Cox Constructions Private Limited
20. Beloid Consulting Private Limited
21. Bhaskara Info Services Private Limited
22. Bhavishya Gold Farms India Private Limited
23. Blue Cube Wealth Management Private Limited
24. Blue Powerzen Technologies Private Limited
25. Cenox Chemicals Private Limited
26. Chri's Computers Private Limited
27. Concoct Human Resource Practitioners India Private Limited
28. Contronics Office Equipments Private Limited
29. Cristal Flow Filters Private Limited