Year |
Major consulting client/funding agency |
Undertaken and handled
in association with |
Brief nature of work |
SFACO Contract/ Subcontract
Budget/ US $’000 (at the-then prevalent rates) |
1975-77 |
Bangladesh Telegraph and Telephone Board/World Bank |
None, self-conducted |
Valuation of fixed assets all over the country and designing asset records; designing accounting, costing and management information systems and conducting training thereon |
$ 53 |
1977-78 |
Bangladesh Agricultural
Development Corporation/ World Bank |
SGV & Co, Manila,
Philippines |
Development of computerized accounting, stores accounting, integrated planning, budgeting, internal control, management information system and designing an improved organizational structure. |
$ 16 |
1979-80 |
Bangladesh Inland Water Transport Corporation |
(i) SGV & Co,
Philippines, and (ii) Yard Ltd, UK |
Examining system of fleet scheduling both for operation and maintenance, development and utilization of cargo, transportation including barge operation and towage. |
$ 40 |
1980-82 |
Bangladesh Bank (country's central bank)/ USAID, Dhaka |
Public Administration Service, USA |
Rural Finance Experimental Project (RFEP) Development of models for self-financing credit distribution and capital generation through mobilization of savings towards building up an economically and socially viable rural credit system. |
$ 721 |
1984-90 |
Bangladesh Bank/ USAID, Dhaka |
Nathan Associates Inc, Virginia, USA |
Rural Finance Project (RFP)
Formulating Government policies towards rural savings mobilization, recovery of loans, policy reforms and impact monitoring and financial sector review |
$ 866 |
1986-87 |
Underprivileged Children's Educational Programme (UCEP) (NGO)/Embassy of Switzerland |
ATAG Fiduciaire Generale SA, Fribourg, Switzerland |
Investigating into management, financial, accounting and reporting affairs of the NGO over a period of calculating/estimating funds embezzled and designing improved systems. |
$ 20 |
1987-88 |
Jamuna Multipurpose
Bridge Authority/ World Bank |
Nathan Associates Inc, USA |
Dry-season traffic survey |
$ 42 |
1989-90 |
CARE International/ USAID, Dhaka |
International Development Institute for Organization and Management (IDIOM), Pennsylvania, USA |
Review of institutional incentives for raising level of output of personnel engaged in Food for Works Programmes by conducting surveys and computer- based analysis. |
$ 43 |
1989-91 |
Bangladesh Shilpa Bank (BSB) Bangladesh Shilpa Rin Sangstha (BSRS) (two primary state- owned development financing institutions or DFIs)/Asian Development Bank and UNDP, Dhaka |
Nathan Associates Inc, USA |
Rehabilitation of the two DFIs-BSB & BSRS Designing a computer- based operation and management system towards a turnaround of the two DFIs. |
$ 150 |
1991-93 |
Ministry of Finance, GoB, National Board of Revenue, World Bank, Bangladesh Bank, and others/ USAID, Dhaka |
(i) Nathan Associates Inc, USA, and
(ii) WPI Inc, Cambridge, MA, USA |
Export Development Project Computerized system of calculation of input coefficient for import duty drawback, and training. |
$ 191 |
1991-96 |
Ministry of Finance of GoB, Bangladesh Bank, four nationalized commercial banks, etc/ World Bank, IMF and USAID, Dhaka |
(i) Nathan Associates Inc, USA, and
(ii) Booz. Allen & Hamilton, Singapore |
Financial Sector Reforms Project (FSRP) Analysis of monetary policy issues; bank supervision; credit installation and operation of about 100 PCs and 3 mainframes for the computerization segment of the assignment and training of client personnel in the country and abroad |
$ 2,358 |
1992-98 |
Ministry of Finance of GoB/DFID (ODA), UK |
(i) International Management Consultants Ltd, and
(ii) Helm Corporation Ltd of UK |
Reforms in Budgeting and Expenditure Control (RIBEC)
Phases 1 to 2B Detailed and computerized implementation of improved and coordinated budgeting, classification and accounting for the entire country, formulation of rules and regulations, and expenditure control functions and training the concerned GoB personnel all over the country. |
$ 1,128 |
1995-96 |
Ministry of Commerce, GoB(State-Owned Life and General Insurance Corporations) /Asian Development Bank |
(i) Watson Wyatt Singapore Pte Ltd, and
(ii) Janet Tay Consultant Pte Ltd, Singapore |
Review of the Life Insurance Corporation and the General Insurance Corporation, pension and provident fund operations and of insurance regulations of the country. |
$ 12 |
1997 |
World Bank Mission to design and implement the GoB’s Commercial Bank Restructuring Project (CBRP) |
Other Members of the Mission |
As Mission Member, review of the status of progress made in the country upon completion of the World Bank’s Financial Sector Reforms Project (1991-96), designing the follow-on project CBRP, and formulating the ToR for CBRP |
–––– |
1997-98 |
Ministry of Finance of GoB/ World Bank – for the largest nationalized commercial bank (NCB), Sonali Bank, under GoB's Commercial Bank Restructuring Project for 4 NCBs of the country |
None, self-conducted
(sole
contractor,
SFACO) |
Special evaluation, loan portfolio analysis and redrawing financial statements based on international accounting standards and loan classification formats and latest recommendations of the Basle, Switzerland-based Committee on Banking Supervision. |
$ 106
|
1999 |
Bangladesh Services Limited (Owners of Dhaka Sheraton Hotel) |
None,
self-conducted |
Carrying out physical inventory of fixed assets, preparation of computerised fixed assets register, revaluation of assets, determination of liabilities and working out the net worth of Bangladesh Services Ltd at 31 December 1999 |
$ 12 |
1999 |
Investment Corporation of Bangladesh (ICB) |
MI Chowdhury & Co, Chartered Accountants, (Lead Firm : SFACO) |
Formulating policies and detailed implementation plans, in conformity with recommendations of Asian Development Bank and their agreement with Government of Bangladesh, for splitting ICB by functions, formation of 3 new subsidiary companies to undertake functions to separately operate in capital markets, namely, merchant banking, asset management (and mutual fund operation) and securities trading (stock brokerage), preparing financial projections, designing all necessary operational manuals, etc. |
$ 16 |
2000 |
Jamuna Multipurpose Bridge Authority (JMBA)
|
(i) Development Design Consultants Ltd,
(ii) Consulting Engineers, and (iii) Ahmad & Ahmad, Chartered Accountants, (Lead Firm : SFACO) |
Identification, verification, valuation and recording of all fixed assets procured by and for JMBA, and located at JMBA Head Office at Dhaka and the 2 project sites adjoining the bridge.
|
$ 90 |
2000 |
Municipal Services Project, Local Government Engineering Department/ World Bank Office, Dhaka (WBOD)-financed |
Ahmad & Ahmad, Chartered Accountants, (Lead Firm : SFACO) |
Financial and operational audit of accounts including checking of internal controls, release and use of funds, identifying management weaknesses, etc. and, more importantly, focusing on examining whether or not all external funds were used and all counterpart funds were provided in accordance with conditions of the relevant Development Credit Agreement, project accounts were prepared in accordance with Project Management Reports comprising Financial Statements and Project Progress Reports and duly and correctly provide a full profile of resources and expenditures, and whether or not adequate financial and operational controls were in place to meet project objectives.
|
$ 6 |
2001 |
Health and Population Program Project (HPPP), Primary Education Development Project (PEDP), and Second Rural Roads and Markets Improvement and Maintenance Project (RRMIMP-II)/World Bank Office, Dhaka (WBOD) – financed |
None,
self-conducted |
Post-review of contracts for the 3 Projects - Verification of eligibility for funding, verification of compliance of all the 3 Projects with WBOD’s procurement procedures as indicated in its legal documents including identification of contracts warranting consideration for declaring misprocurement, establishing whether the Projects’ existing documentation and record-keeping are adequate and verifying whether goods and works exist at intended locations and were being used for the purposes they were acquired. |
$ 16 |
2003 |
Beximco Group of Industries/ Companies |
None,
self-conducted |
Valuation of shares of five (5) companies/ units of Beximco Group of Industries/ Companies as of 31 December 2002 |
$ 17 |
2006 |
International Leasing and Financial Services Limited |
None, self-conducted |
Valuation of shares
|
|
2006 |
Industrial and Infrastructure Development Finance Company Limited |
None, self-conducted |
Valuation of shares
|
|
2007 |
Bengal Fisheries Limited |
None, self-conducted |
Valuation of shares
|
|
2007 |
Dart Express Bangladesh (Pvt) Limited |
None, self-conducted |
Valuation of shares
|
|
2007 |
Prime Tower Limited |
None, self-conducted |
Valuation of land and building
|
|
2008 |
Bangladesh Shilpa Rin Sangstha |
None, self-conducted |
Valuation of assets and liabilities and determination of net worth |
$ 14 |
2008 |
Bangladesh Shilpa Bank Ltd |
None, self-conducted |
Valuation of assets and liabilities and determination of net worth |
$ 14 |
2008 |
Novartis (Bangladesh) Limited |
None, self-conducted |
Valuation of shares |
|
2008 |
Sheba Telecom Pvt. Limited (Banglalink) |
None, self-conducted |
Physical verification of various telecom equipment, namely, Base Transreceiver Station, Base Station Controller, and Mobile Switching Center of Sheba Telecom Pvt. Limited (Banglalink) as of 30 June 2008 |
$ 11 |
2008 |
X-Net Ltd |
None, self-conducted |
Valuation of assets and liabilities for the purpose of valuation of shares of X-Net Ltd, a joint venture company of GrameenPhone Ltd and Government of Bangladesh |
|
2008 |
Shinepukur Ceramics Limited |
None, self-conducted |
Valuation of shares |
|
2008 |
Apex Weaving & Finishing Mills Limited
|
None, self-conducted |
Valuation of shares
|
|
2008 |
Sattar Textile Mills Limited |
None, self-conducted |
Valuation of shares |
|
2009 |
Warid Telecom International Limited |
In association with Ernst & Young, India |
Conducting due diligence and submission of Due Diligence Report on direct tax, indirect tax, corporate and regulatory issues including foreign exchange-related matters of Warid Telecom International Limited for the purpose of acquisition of its shares. |
|
2010 |
JICA Bangladesh |
None, self-conducted |
Needs and marketing study of social business in Bangladesh |
$ 60 |
2011 |
UNICEF Bangladesh |
None, self-conducted |
Sight review of implementing partner’s financial and procurement capacity |
$ 4 |
2012 |
Energyprima Limited |
None, self-conducted |
Re-financing feasibility |
$ 3 |
2012 |
Gas Transmission Company Limited |
None, self-conducted |
Valuation of the company |
$ 3.8 |
2013 |
Rangs Limited |
None, self-conducted |
Revaluation of land of the company |
$ 1.2 |
2013 |
UNICEF |
None, self-conducted |
Conducting micro assessment of implementing partners |
$ 12.8 |
2013 |
Khulna Power Plant Limited |
None, self-conducted |
Debt proposal for establishment of 100± 10% MW HFO-fired power project, at Khulna |
$ 6.4 |
2013 |
Jamalpur Power Plant Limited |
None, self-conducted |
Debt proposal for establishment of 100± 10% MW Dual-Fuel (HFO/Gas) Fired Power Project, at Jamalpur |
$ 6.4 |
2013 |
Solar Intercontinental (SOLARIC) Ltd |
None, self-conducted |
Valuation of Intellectual Property as of 30 June 2013 |
$ 6.4 |
2013 |
Citibank, NA |
None, self conducted |
Calculation of excise duty on fixed deposits, loans and advances, etc |
$ 7.6 |
2014 |
SIMCO Spinning and Textiles Ltd |
None, self conducted |
Valuation of lands, buildings and other fixed assets |
$ 4 |
2014 |
Elite Paint and Chemical Industries Ltd |
None, self conducted |
Accounting service |
$ 12.82 |
2014 |
Solar Intercontinental (SOLARIC) Ltd |
None, self conducted |
Advising on fund raising through issuance of redeemable, non-convertible, cumulative preference shares |
$ 19.23 |
2014 |
Petredec Elpiji Limited |
None, self conducted |
Physical verification of fixed assets and preparation of fixed assets register |
$ 5 |
2014 |
Powertek Energy-Bangladesh Operations |
None, self conducted |
Physical verification of fixed assets and preparation of fixed assets register |
$ 3.8 |
2014 |
Citibank, NA |
None, self conducted |
Physical verification of fixed assets and preparation of fixed assets register |
$ 5.8 |
2014 |
Citibank, NA |
None, self conducted |
Specific validation of NBR claim on VAT and income tax, realization process, VAT reconciliation, etc |
$ 8 |
2014 |
Credit Rating Information and Services Limited |
None, self conducted |
Valuation of the company |
$ 2.5 |
