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and AUDIT ADVISORY

Kreston GCG Presentation

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Page 1: Kreston GCG Presentation

andAUDITADVISORY

Page 2: Kreston GCG Presentation

Dear friends,

We are glad to welcome you on behalf of Kreston GCG, which represents in Ukraine one of the leading international accounting and advisory networks – Kreston International.

The network was founded in 1971 and covers more than 100 countries with 180 firms, providing a resource of 20,000 staff. Kreston International holds the leading position among the world’s fastest growing audit networks, which is confirmed by receiving the Rising Star Network award by the International Accounting Bulletin. By the end of 2013, Kreston International has increased by 7% with the revenue of $1,945 billion.

The comfort of our clients is one the most important targets of the Kreston GCG team. Having an understanding of our client’s needs, we offer the most effective solutions both to actively growing young and reputable companies at their new stages of development.

Private companies, public sector enterprises, financial institutions, multinational corporations and a range of non-commercial organizations have already relied on the quality of Kreston GCG services. Our clients include companies of the gas industry, machinery, metallurgy, agriculture, trading, food industry, construction, leasing, etc.

Providing services to each of our clients, we strive to make a significant contribution to the development of our clients’ businesses, promoting companies’ growth in domestic and global markets.

Sincerely yours, Kreston GCG team

Page 3: Kreston GCG Presentation

Kreston InternatIonal

Page 4: Kreston GCG Presentation

Kreston INTeRNATIONAl

OFFICES

in over

COUNTRIES

ANNUALINCOMEof more

than

TOTAL

USD 2 billion.

NUMBER OF

of morethan

EMPLOYEES

Kreston GCG is a representative of Kreston International in Ukraine. International network of accounting companies Kreston International was founded in 1971 and is one of the largest accounting networks in the world. Kreston International offers reliable and convenient access to qualitative services through member firms located around the world.

Kreston now covers 108 countries with 700 offices, providing total annual income of more than USD 2 billion.

Working with us, you get access to the international professional, personnel and communications resources of Kreston International. This gives you the opportunity to receive professional services for your business worldwide, provided by professionals with local knowledge and experience, who apply common standards.

Page 5: Kreston GCG Presentation

WHY US?

• We have more than 10 years of successful experience of project management of tax, national and international audit (IFRS, HBII, GAAP US, GAAP UK), forensic services, due diligence and business valuation in Ukraine.

• The quality of the services, provided by Kreston GCG, complies with the international professional standards and the quality standards of Kreston International.

• Kreston GCG has successfully cooperated with a range of international financial organizations, including the european Bank for Reconstruction and Development (eBRD), German Development Bank (KFW), ING Bank, Raiffeisen Bank, euler Hermes, Sinosure, etc.

• We are accredited by the Public Company Accounting Oversight Board (PCAOB) and by the United States Agency for International Development (USAID) for audit project implementation.

• Kreston GCG is an official partner of the Warsaw Stock Exchange (WSE) in Ukraine.

• Our employees are members of ACCA and RICS or participants in the qualification programs of these organizations.

• The competence of Kreston International has been confirmed by the participation in the international network Forum Of Firms – an association of international networks which perform transnational audits.

• Kreston GCG joined United Nations Global Compact, which aims to encourage business social responsibility and anti-corruption.

Page 6: Kreston GCG Presentation

SERVICES

Page 7: Kreston GCG Presentation

Confidence in financial statements is achieved through audits, the purpose of which is to confirm the reliability of the financial information provided.

Therefore, it is important to have the absolute trust of your foreign auditing partner.

As a part of the international accounting practice of Kreston International, we conduct our audits in accordance with international standards and formalized procedures

common to all members of our network operating in different countries.

AUDItSeRVICeS

tHe LIst oF AUDIt serVICes We oFFer oUrCLIents InCLUDes:

• Preparation and audit of financial statements, prepared in accordance with international standards (IFRS-IAS, HBII, US/eU GAAP);

• Audit of financial statements, prepared in accordance with Ukrainian Accounting Standards (UAS);

• Review of financial statements, prepared in accordance with IFRS (IFRS-IAS, HBII, US/eU GAAP);

• Statutory audit;• Assurance engagements or implementation of tasks for special

directions;• Performing agreed-upon procedures;• Advising on accounting and financial statements, prepared in

accordance with IFRS and UAS.

Page 8: Kreston GCG Presentation

Valuation is a complex of services, aimed to determine the value of assets and liabilities, made by a qualified valuer in correspondence with

professional standards.

Valuation of Kreston GCG allows one to properly measure the value of businesses, business interests, properties and equipment, securities, development projects, any

tangible or intangible assets and financial instruments using different bases of value.

VALUAtIonSeRVICeS

We Are MAInLY FoCUseD on tHe FoLLoWInGVALUAtIon serVICes:

• Asset valuation for IFRS statements;• Business valuation for mergers and acquisitions;• Asset and business valuation for secured lending and funding

purposes;• Valuation of investment portfolios for shareholders and stock

exchanges;• Transfer pricing and customs valuation.

Our valuation team consists of an experienced and qualified staff, led by a professional member of the Royal Institution of Chartered Surveyors of Great Britain. The team has comprehensive experience in the valuation of different types of assets in a wide range of industries under local and international valuation standards including RICS Valuation Professional Standards.

Page 9: Kreston GCG Presentation

A competently built tax strategy is a significant competitive advantage, increasing a company’s ability to raise capital and to provide long-term

financial stability.

The services of Kreston GCG in the field of taxation and tax law help clients to address issues related to the minimization of tax liabilities, international taxation,

taxation of transactions and the relevant accounting requirements of the legislation.

The professional liability of Kreston GCG is insured, which is an additional argument in favor of cooperation with us.

tAXSeRVICeS

oUr tAX ConsULtAnts CAn ProVIDe tHe FoLLoWInG serVICes:

• Audit of tax accounting;• Review of tax accounting;• Development of tax strategies;• Advising on profit taxation, VAT, income tax and other taxes;• Advising on tax legislation of Ukraine and other countries;• Advising on payments to social funds; • Support for audits by tax authorities; • Structuring of business regarding corporate taxation;• Advising on customs procedures and charges;• Transfer pricing.

Page 10: Kreston GCG Presentation

Kreston GCG’s services for corporate finance are focused on providing comprehensive support to our customers who are planning

their future development through the acquisition of a new business, selling a business or its part, or entering international capital markets.

Supporting mergers and acquisitions, our experts can assist in the overall management of the process of purchasing or selling a business, or provide certain

services at any stage of the transaction. In attracting finance, we provide preparatory activities for the Client, developing all necessary documents and selecting the most

advantageous offers.

CorPorAteFINANCe

LIst oF oUr serVICes In CorPorAte FInAnCe InCLUDes:

• Support of IPO and private placements;• Mergers and acquisitions advising for sellers;• Mergers and acquisitions advising for buyers;• Financial and tax Due Diligence;• Financial investigation (Forensic);• Business valuation;• Financial modeling;• Advisory services in attracting capital

Page 11: Kreston GCG Presentation

CLIENTS

Page 12: Kreston GCG Presentation

CLIents KReSTON GCG

SERVE

in Ukraineof all 50%

subscribersmobile

Rank among the LARGEST

distributorsof MEDICINES

ТОP 3

PRODUCE

of UKRAINIAN30%more than

MILK

Rank among the ТОP 3

manufacturers

of SPICES

50%PRODUCEof WHITE

in UkraineCLAY

Rank among the

PRODUCERSof sunflower oil

in Ukraine ТОP10market of ceramic

40%COVERof the Ukrainian

FACING BRICKS

in 2011/2012

EXPORTED

fromUkraine

CEREALS20%

30%PRODUCE

more than

of SOLIDSOAP in Ukraine

Page 13: Kreston GCG Presentation

Danone confirms the successful cooperation with Kreston GCG. Specialists of Kreston GCG provided the assessment of the compliance of the activity of Danone llC with the requirements of tax legislation of Ukraine.

The Management of Danone is satisfied with the quality and speed of the сompany. Specialists of Kreston GCG show a professional approach and a high degree of activity.

Chief Financial OfficerDanone LLCOksana Nazarenko

We noted the high level of preparation, experience and professionalism of Kreston GCG in providing audit services to loostdorf in accordance with International Financial Reporting Standards.

We express our gratitude to the employees of the company and recommend Kreston GCG as a competent and reliable partner in the implementation of audit projects.

General DirectorLoostdorf, LLC Aleksandr Samokhvalov

The specialists of Kreston GCG performed financial and tax pre-investment due diligence of targets for acquisition for MTS Ukraine.

Kreston GCG has confirmed its high professional status, competence and activity in solving problems. All work was completed on time and with proper quality.

We can recommend Kreston GCG as a reliable partner with high quality of services.

Head of strategyMTS Ukraine, PrJSCSergey Nichiporuk

Kreston GCG provided comprehensive assistance in the preparation of the investment project of reconstruction and modernization of technological processes and production facilities of energomashspetsstal.

We were satisfied with the quality and speed of the company. Working with professionals who appreciate the client’s time and are always open to dialogue – a great success.

General DirectorEnergomashspetsstal, PJSCMaksim Efimov

Page 14: Kreston GCG Presentation

Danone UkraineTax services

RehauTax services

RadissonAudit services

Efes UkraineValuation services

SC JohnsonFinancial analytics

Kraft Foods UkraineValuation services

HoerbigerAudit services

Zeppelin UkraineFinancial analytics

Nuscience Cehave KormFinancial analytics

AgroGenerationTax services

Louis Dreyfus CommoditiesUkraine

Financial analytics

Slavuta Malt HouseFinancial analytics

Fes UkrFinancial analytics

Schmitz Cargobull AGAudit services

ROSATOM OverseasAudit services

ElectroluxTax services

Audit servicesEdipresse Ukraine

Financial analyticsMarubeni

UniferAudit services

Guardian StekloTax services

J.B.Chemicals & PharmaceuticalsAudit services

Malteurop UkraineTax services

SCA Hygiene UkraineFinancial analytics

US Embassy in Ukraine

Financial analytics

Sio/VabudoAudit services

Page 15: Kreston GCG Presentation

Audit services

Slobozhanska BudivelnaKeramika

Audit servicesNGZ, ZALK

Financial analyticsUkrtransagro

Due DiligenceKhlib Investbud

Audit servicesTysagaz

KontiValuation services

InterfomValuation services

PetrusAudit services

Altcom GroupAudit services

AgromatAudit services

Olimp CorporationValuation services

Motor SichFinancial analytics

TMMValuation services

DniprospetsstalValuation services

SSI SchaeferValuation services

Uksnab, PromoAudit services

EMSSFinancial analytics

First Cargo Companyin Ukraine

Audit services

DonetskstalValuation services

Loostdorf Audit services

AVKValuation services

MTSDue Diligence

United Minerals GroupTax services

DarnitsaTax services

Pology Oil Extraction PlantAudit services

Page 16: Kreston GCG Presentation

ManageMentKRESTON GCG

Page 17: Kreston GCG Presentation

Sergey Atamas

MANAGING PARTNeR

Andrey Popov

DeVelOPMeNT DIReCTOR

Auditing services,financial consulting

[email protected]

Business Strategy

[email protected]

Andrey Katchik

MANAGING PARTNeR

evaluation services

[email protected]

Artem Kovbel

DIReCTOROF CORPORATe BUSINeSS

Corporate Finance

[email protected]

Andrey Domrachev

MANAGING PARTNeR

Auditing and tax services

[email protected]

Oleg Kuznetsov

exeCUTIVe DIReCTOR

Corporate Finance

[email protected]

Page 18: Kreston GCG Presentation

Kyiv, 172 Gorky Str,03150, UkraineТ.: +380 44 351 11 78F.: +380 44 351 11 79