Manager Management

CA. ABADESH JAIN Addresss: Faridabad, Haryana

Contact No.: +91-991******* (India)

E-Mail: ************@*****.***

~ Senior Manager-Fin. & Accounts ~

With over 8 years chronicle of success driving benchmarks, setting growth & expansion for reputed organizations, with comprehensive skills, knowledge & exposures in:

Strategic Planning Financial Statements Finalization Inventory Management

Accounting Policies & Procedures Budget Preparation Assessment Proceedings

MIS & Reporting Framework Project Financing Taxation / Auditing

Statutory Compliance Project Capitalization System Implementation

High Profile Finance Professional with over 8 years of post-qualification functional experience in Finalization of Financial Statements, Financial Planning & Analysis, Budgeting and Fund Management.

Expertise in spearheading corporate and financial planning initiatives; designing internal control systems towards accomplishment of corporate business goals.

Distinction of designing & implementing internal control systems to make business processes more robust.

Sound commercial and relationship management skills and ability to work as Self-Motivated team player across all levels of Management and other external agencies.

ACADEMIA

Chartered Accountancy from The Institute of Chartered Accountant of India, New Delhi- India in May’2007

(Secured 63% marks in Information technology, 61% marks in Income Tax in C.A. Inter & 60% marks in Accountancy and Indirect Taxes in C.A. Final)

Bachelor of Commerce (B.Com) from Dr. B. R. Ambedkar University, Agra, U.P.-India in 1999

Senior Secondary from U.P. Board, Allahabad, U.P.-India in 1996

CORE COMPETENCIES INCLUDE

Strategic Financial Planning & Budgetary Control

Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.

Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.

Monitoring cash flows and ensuring that funds are arranged in the most cost effective manner after projecting accurate cash forecast ensuring that there is no shortage of cash in hand.

Capex Planning for the organisation and set planning goals and score carding metrics for performance management elements such as Investment, Net Present Value, ROI, Breakeven and payback months and Internal Rate of returns.

Accounts & Auditing

Designing and implementing accounting systems & procedures; supervising the timely preparation and closer of books of accounts.

Preparation and Finalization of quarterly and annual financial statements as per Indian GAAP, Company Act and SEBI.

Monitoring Capex expenditure & capitalization of expenses on completion of project and reviewing of Fixed Assets Account.

Review of Inventory accounting, valuation of inventory and inventory system related to identification of slow/non-moving inventory.

Coordinating internal, statutory and tax audits; evaluating internal control systems / procedures to highlight the shortcomings and implementing necessary recommendations.

Fund Sourcing & Management

Liaising with banks, positioning funds to meet working capital and project requirements.

Monitoring the inflow / outflow of funds; taking adequate measures to ensure optimum utilisation of available funds towards the accomplishment of organisational objectives.

Minimise foreign currency exchange rate fluctuation risk through natural hedging.

Liaising with Merchant bankers for procuring the fund through Right issue.

Sourcing low interest fund to save finance cost.

System Implementation & MIS

Designing and implementing systems to ensure smooth functioning of finance operations across the organization.

Supervising the preparation of MIS reports to provide feedback to top management on financial performance, viz, fund management, variance analysis, profitability, etc.

Payable / Receivables:

Monitoring the collection and debtor credit limit; preparing outstanding statements and Defaulters List.

Ensuring speedy processing of market claims and credit/debit notes to the customers.

Statutory Compliance

Ensure timely compliances of TDS, PF, ESI, Service Tax, Excise and Companies Act.

Monitoring & timely filing of Income tax, VAT, TDS, Service Tax, Excise Returns and liaising with authorities.

Liaising with department and consultants for completion of assessment proceeding of Income Tax and VAT.

CAREER CONTOUR

Shivalik Bimetal Controls Limited-New Delhi Since March’ 08

Senior Manager-Fin. & Accounts (Reporting to CFO & Chairman)

A public limited listed company. It’s engaged in manufacturing of Thermostatic Bimetal/Trimetal strip &, components, EB welded products and having annual turnover of Rs. 100 crores. It has presence worldwide over 35 countries through Export Sales and recognised as Star Export House. The applications of its Products are mainly in Switchgears, Circuit Breakers and various other Electrical and Electronic devices.

Role:

Heading the Finance and Accounting functions at the location.

Financial Accounting of transactions and Monthly finalization of accounts as per Indian Accounting Standards.

Finalization of quarterly/annual financial statements and consolidation as per Indian GAAP and ensuring compliance of publication of quarterly results as per listing agreement of SEBI.

Banking- preparation of profitability projections (CMA) and cash flow for renewal of fund and non-fund based facilities from banks to meet the working capital requirements and non-fund base requirement.

Budgeting –preparation of departmental wise monthly/annual financial budget and actual variances.

Costing – Releasing cost estimates for marketing and monitoring/review on Monthly Basis, calculate overhead rates for costing, Analysing the variances and reporting to top management to take corrective action in competitive market, working of under and over absorption based on the capacity utilization.

MIS : Preparation and analysis of Monthly MIS 1) Profitability 2) Business Key Indicator to Business Heads 3) Capex Reports 4) Standard vs actual cost analysis 5) other reports for top managements.

Project financing and Capitalization of the projects.

Handling of Taxation (Direct/Indirect and International) and tax planning.

Inventory management- review inventory accounting, monitoring the stock levels and valuation of inventory.

Foreign Currency management- to minimize the risk of Exchange Rate fluctuation through hedging, forward booking and natural hedging.

Audits –Coordinate with Statutory, Internal and Tax Auditors for timely completion of auditing.

Ensure timely submission of ITR, Wealth tax, TDS, VAT, Excise returns and handling of assessment proceeding thereof.

Liaising with government official, statutory and others auditors for commercial work and certification, 15CB, FOB, Net worth and share valuation.

Implementation of various Processes & Policies time to time.

Handling accounting and finalization of Financial Statements of Joint Venture and Associates companies.

Ensure timely submission of monthly stock statement (MSOD) and quarterly projections (QIS) to banks.

Attainments:

Key member of Executive Director’s board.

Capitalization of projects worth Rs. 100 Crore.

Reduce financing cost by Rs. 100 lacs through sourcing of lower cost funds.

Strengthened Management Information System with new analytical reports and Budgetary System.

Implement and Setting up of complete process of costing, accounting, taxation & finance in new factories.

Tex Corp Limited, Gurgoan – India Jan.’ 07 – Feb.’ 08

Asst. Manager (Direct & Indirect Taxation) reporting to GM-Finance

Tex Corp Limited is one of the largest manufacturers / exporters of Zip Fasteners in India, with a wide range of Zipper Products (Brand name “TEX”), serving many of the internationally renowned apparel brands. Tex Corp Limited was initially known as Gapps Industries Limited and was set up in 1987.

Role:

Handling of taxation ( direct & indirect ) and tax planning

Appearing before and dealing with the Assessing Authority for assessment proceeding and making details for completion of assessment.

Preparation and timely filing of quarterly TDS returns and issuance of TDS certificates to vendors and employees.

Ensure correct deduction of TDS on service providers and TCS on buyer including reconciliation of accounts.

Computation of withholding taxes on salaries of employees.

Computation of Advance Tax & Fringe Benefit Tax liability of the company.

Preparation and e-filing of Income Tax Return.

Preparation & timely filing of monthly, half yearly & quarterly Excise, Service Tax and VAT returns.

Liasioning with various govt. authorities for completion of assessment of VAT, getting accounts audited by Excise Auditor, arranging required details etc.

Maintaining statutory records and register e.g. RG 23A and C, Goods return registers, duty drawback register etc.

Computation & timely deposit of Excise and Service Tax liability with proper utilization of CENVAT.

Maintaining Fixed Assets register, calculating depreciation as per Income Tax Act as well as Company Act, conduct physical verification of Fixed Assets and reconciling them.

Attainments:

Introduction of new salary structure which resulting in substantial tax saving to the employees.

Saving Rs.10 lacs on expenses which were disallowed due to non-deduction of tax.

Malik S & Co., Chartered Accounts – Delhi May’ 05 – Dec.’ 06

Sr. Manager-Audit Team

A renowned Delhi based Chartered Accountants firm providing services in the area of Company law matters, FEMA, Internal Control System, Risk management System, taxation, audits and accounting.

Role:

Conducting statutory, internal, concurrent, stock and tax audit.

Finalizing balance sheet and profit and loss account along with schedules.

Preparation of internal audit report and tax audit report including CARO report.

Computation and deposit of income tax liability with calculation of interest u/s 234 A/B/C after various deductions like 80IC & 10B.

Computation and deposit of fringe benefit tax liability with calculation of interest u/s 115 WJ/WK

Preparation of Certificate for End use and Export benefits etc.

Prepare of share Valuation on the basis of Net Wealth and discounting cash flow (DCF) method.

Prepare Project Report for financing of new projects.

Filing of Income Tax, Wealth Tax, Service Tax and TDS/TCS Return.

Preparation for assessment proceeding of Income tax, wealth tax, Service tax, Fringe benefit tax and TDS.

S. Bajaj & Associates, Chartered Accountants- Delhi Nov.’ 03 – April’ 05

Audit Manager

A renowned Delhi based Chartered Accountants firm providing services in the area of internal control, taxation, audits and accounting.

Role:

Maintaining books of accounts and doing reconciliations.

Conducting Statutory, Bank and Tax audits.

Preparation of computation of Income of Individual, Firms and Companies.

Filing ROC returns, Income Tax Returns, TDS returns and Service Tax Returns.

Prepare Balance sheet along with Schedules as per Indian Accounting Standards.

PREVIOUS EXPERIENCE

H. K Chaudhry & Co., Chartered Accounts-Delhi as Sr. Auditor Nov.’ 02 – Oct.’ 03

H. K Chaudhry & Co., Chartered Accounts-Delhi as Article Trainee. Oct.’ 99 – Nov.’ 02

IT FORTE

Knowledge of Tally (ERP 9, 7.2, 6.3), ALPHA accounting software, Mark and competent to work in computerized environment on various customized accounting and TDS packages.

Implementation of Tally ERP customization with respect to Sales Invoicing, Sales Order Confirmation and Purchase Order along with online authorization.

Well versed with Windows, Internet, Networking concepts, MS-Word, MS PowerPoint, MS-Excel.

Good working knowledge of an ERP accounting software known as IFS.

Key member of ERP implementation team for successful implementation of ERP-Infor Syteline in current company.

PERSONAL DETAILS

Date of Birth : 1st July 1980

Father’s Name : Sh. M. C. Jain

Marital Status : Married

Language Known : English & Hindi

(Abadesh Kumar Jain)

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