Regulatory Compliance Credit Risk

C.A ANKUR NITESHKUMAR SANGHAVI

K-***, RAJHANSH SYNFONIA, VESU ABHVA ROAD, SURAT – 395007

M. NO.: +91-951*******, Email: ************@*****.***

A self-driven and analytical Chartered Accountant with a diverse portfolio of experience in the finance and credit risk sectors. Proficient in direct and indirect tax audits, financial accounting, statutory audits, and regulatory compliance. Demonstrates a proven ability to analyze and interpret complex financial data, implement effective tax strategies, and manage risk assessment processes. Equipped with exceptional interpersonal, communication, and problem-solving skills, aiming to contribute to a global financial environment with professionalism and dedication.

PERSONAL INFORMATION: -

Father Name : Nitesh Sevantilal Sanghavi

Status : Married

Date of Birth : 17th October, 1989

Religion : Hindu – Jain

Nationality : Indian

Gender : Male

Hobbies : Reading Books, Travelling, Playing Cricket & Chess

PROFESSIONAL QUALIFICATION: -

EXAMINATION

INSTITUTE

SCORE

YEAR

CA FINAL (Grp-2)

ICAI

218 out of 400

May 16

CA FINAL (Grp-1)

ICAI

201 out of 400

May 13

CA I.P.C.C.

ICAI

350 out of 700

Nov 10

CA C.P.T.

ICAI

115 out of 200

June 08

ACADEMIC QUALIFICATION: -

EXAMINATION

INSTITUTE

SCORE

YEAR

B.com

V.N.S.G.U

47.89%

March 10

Intermediate/+2

G.S.E.B.

72.29%

March 07

Matriculation

G.S.E.B.

71.86%

March 05

COMPUTER & OTHER PROFESSIONAL TRAINING: -

I had already completed Professional Orientation Program & GMCS Training and complied all legal formalities with ICAI

I had Completed Computer Training from ICAI and Having good knowledge & Expertise in MS-Office, Internet and Other Basic Operation.

Having Knowledge of Various Accounting Software Like MCS, Tally, ERP, SAP (MM & FICO & FI module, and also Other Taxation Software.

PROFESSIONAL TRAINING & WORK EXPERIANCE: -

2008-2012 – INTERN AT KARTIK S. MEHTA & CO.:

Handled Statutory Audit, Internal Audit, Tax Audit of Firms and Companies, Trust.

Filing Income Tax Return, TDS Return, Wealth tax return, VAT Return of Proprietor, Individual, Firm, and Company.

Preparing and Finalization of accounts & Audit report of Individual, Firm & Companies.

DEC – 2012 TO OCT – 2014 – AUDIT MANAGER AT RKG & CO., SURAT.

Administered of Statutory Audit & Concurrent Audit and Internal Audit Bank Audit of Various Firms, Bank and Companies of Textile and dying mills and finalizing of Accounts.

Conducted risk-based audits to evaluate internal controls, compliance with laws and regulations, and accuracy of financial statements.

Developed audit programs to assess the effectiveness of processes within the organization.

Reviewed client data for accuracy and completeness in accordance with Generally Accepted Accounting Principles and Standards.

Identified areas of potential risk and provided recommendations for corrective action plans.

Led a team of auditors to ensure timely completion of assignments and Prepare report.

Prepared detailed reports summarizing audit results and findings.

Ensured that all audit activities were conducted in accordance with professional standards.

Assisted in developing new policies and procedures designed to enhance internal controls.

Evaluated operational efficiency by reviewing current systems, processes, documents, records.

Reviewed and analyzed financial statements, accounting systems, and internal controls to assess accuracy of financial reporting.

NOV – 2014 TO APRIL – 2016 – ACCOUNT MANAGER AT JIVRAJ TEA LTD., SURAT

Facilitated day to day accounting entries.

Maintaining of Stock, Sales & Purchase report and Outstanding of Payment of Vendor and Collection from Customer

Prepare MIS, Finalization of Balance Sheets and Profit and Loss A/c. and other report.

Preparing Bank reconciliation with Statement.

Filing and Deposited TDS & Service Tax return

Handling of all Documentation and Legal Aspect Related to Income Tax, TDS, and Service Tax.

JULY – 2016 TO DEC – 2017 – ASSISTANT MANAGER (F & A) ESSAR PROJECTS INDIA LIMITED SURAT

Created organizational structures to improve accounting and finance functions.

Assisted in the successful completion of audits, ensuring full compliance with regulatory requirements.

Executed vendor setup and payment, administration of bank accounts and account reconciliations.

Assisted in the preparation of annual budgets, aligning financial resources with organizational objectives conducting variance analysis to determine difference between projected & actual results and Monitoring and Controlling on Budgeted Expenses.

Supervising & checking all Expenses (Like Travel Bill, Purchase, Sale, service income Etc.) and accounting entries.

Managing Accounts receivables and Accounts Payable as well.

Preparation Bank reconciliation and Vendor/customer’s reconciliation.

Monthly Review & Scrutiny of General ledger & other accounts.

Preparation of MIS reports to provide feedback to top management on financial performance viz cost control, credit control, profitability etc.

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

Ensuring the Compliance of TDS, Service Tax Returns and other Commercial and all statutory law, Issue of Various Forms/Certificates.

Computing & arranging for timely deposit of direct and indirect taxes and filing of returns for timely completion and ensuring statutory compliance and dealing with regulatory tax authorities for assessment and resolving other issues for Direct and Indirect taxes (VAT, CST, GST, Excise duty and Customs Duty).

DEC-2017 TO OCT-19 CHARTERED ACCOUNTANT AT C. DINESH & CO. PVT. LTD., SURAT

Identified legal tax savings and recommended ways to improve profits.

Supervised accounting and booking training procedures for new staff members.

Review accounting policies and procedure and adhere to standards to correct picture of Books of Accounts.

Managing Accounts payable & receivable & Ageing Analysis.

Monthly Review & Scrutiny of All General Ledger, Sales & Purchase.

Preparing, Analyzed, MIS REPORT Monthly basis report to management.

Managing & Tracking Goods of Stock from entering into production to Finish goods and Dispatch & Pricing and Generate Invoice.

identify Manufacture cost & unit, processed Loss, Finished Goods and Correctly pricing of finished goods for dispatched

Stock audit carried out yearly.

Ensuring the Compliance of TDS, GST and other Commercial and all statutory law, Issue of Various Forms/Certificates and file return thereof timely without any delayed.

Provide assistance related to Direct Tax and Indirect Tax to Managements

Finalization of Books of Accounts and Making All Closing Entry and Reconcile all Branch ledger and Suppliers ledger and Bank Accounts and preparing Balance Sheets & Profit & Loss.

Provide assistance and dealing with Internal Auditor and Statutory Auditors performed their duties.

OCT – 2019 TO TILL DATE – FINANCE MANAGER - BANKING OPERATIONS & FUNDRAISING AT SHEKHAWATI GEOTECH PVT. LTD.

Banking Operations

Manage and oversee day-to-day banking activities, including account management, financial transaction and payment processing and import & Export Transaction.

Seek out methods for minimizing financial risk to the company.

Ensuring timely credit/debts of fund from bank accounts on maturity dates likewise installment, Interest, tec.

Strategic Financial Management

Optimize the utilization of banking limits, including credit lines, overdrafts, WCDL, LC/BG and working capital facilities.

Analyse and implement strategies to enhance cost efficiency in fundraising and banking operations.

Bank Guarantee and Trade Finance

Handle the issuance, amendment, and renewal of bank guarantees, ensuring compliance with timelines and business requirements.

Manage Letters of Credit (LC), including issuance, Amendment, scrutiny, negotiation, and coordination with banking partners for smooth execution of trade finance operations.

Handling the documents related to payments of Import and export Remittance, ensuring timely compliance and business requirements.

Managing currency risk and Co-ordinate with treasury for negotiation of exchanges rates.

Fundraising and Credit Operations

Lead and execute large-scale fundraising activities, including structured financing, debt syndication, and equity fundraising.

Build and maintain relationships with banks, NBFCs, and financial institutions to secure favourable funding terms.

Develop financial models and reports to support fundraising initiatives and decision-making processes.

Prepare the Documentation for Renewal of Existing credit Limits Proposal, Fresh Limits and enhancement of Existing Limits.

Ensuring satisfactory compliance with the terms of Disbursement Condition and Legal Formalities.

Liaising with Bank for managing the finance for our Group companies, disburse the fund and required Credit Facility.

Liaising with Government department, Supplier, Auditor, chartered accountant, Lawyer, Registered Valuer and various consultant for successful completion of our Companies project and for registration and Implementation of new company and Projects.

Handling Credit facility like Cash Credit, Term Loan, WCDL, Over Draft and ECB Loan for the Group companies with co-ordinate the Bank and regularly review the Limit of Credit facility exposure according to requirement of group companies.

Monitoring the interest rate on credit facility and Bank Charges are levied according to as per Bank guidelines.

having experience in raising 425 crore+ funds through debt or equity instruments and 200 Crore funds limit are takeover.

Compliance and Risk Management

Ensure compliance with regulatory requirements, including RBI guidelines, FEMA, and other applicable laws.

Prepare documentation for audits related to banking operations, trade finance, and fundraising activities.

Responsible timely Compliance related to bank like Prepare stock statement, QIS-1 and QIS-II, Due Diligence, Search Report, TEV, Certificate, LIE Report, Valuation Report, TCR, Search & NEC related to Property, Stock Audit, Legal Audit, filing return of ECB -2 Return, Form filing related to ODI & FCGPR, APR, Yearly submissions of FLA return to bank as well as RBI. Filing of Registered the Mortgage and Hypothecation Document, release deed over the movable and Immovable assets simultaneously create, modification and release the charge from ROC and Sub registrar, CERSAI.

Handling Work related to get rating of Loan from rating agency, Provide the financial and operational detail, and discussion with analyst regarding financial parameters and about group and liaising with rating agency. Also discuss with management regarding financial parameters, how it can be improved.

Handling the State/Central Subsidy work of Group Company’s laisioning with Consultant and Department.

Handling Legal Department also for all group company for registered Lease deed, Rent Agreement, Sale Deed, surrender of lease deed, Power of Attorney, affidavit, undertaking and any other legal contract.

Handling getting licenses, permission, Connection Work related to Gujarat Pollution Control Board and Dakshin Gujarat Vij Company Limited (DGVCL), LEI (Legal Entity Identifier), DGFT, Industrial Entrepreneurs' Memorandum for Large Scale Unit

Yours faithfully

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