GM Finance/Chief Financial Officer
Resume:
Muhammad Yousuf Qureshi
Flat No. ***, Al-Ghafoor Heaven Apartment, F.B Area Block-7,
Karachi-75950, Pakistan. Hello. Cell:+923**-*******, +923********* E-mail: ***********@*****.**.**; *************@*******.*** Professional: 2005 Chartered Accountancy -Qualified-ACA Institute of Chartered Accountants of Pakistan
1996 Cost & Management Accountancy-Qualified (ACMA) Institute of Cost and Management Accountants of Pakistan 2007 Corporate Secretary – Qualified- ACIS
Institute of Corporate Secretaries of Pakistan
Academic: 1996 MBA (Finance) with 3.82 GPA from IBA department Karachi University -Pakistan
1991 B. Com with 2nd Division secured (59.7%) from Govt. Premier College Karachi
Organizational Experience:
Business & Operations Activities in Pak Denim Textile: 1. Production: Denim Fabrics 925,000 meters per month with 96 Picanol Air jet looms addition two Slasher looms; Greigh Fabrics: 735,400 meters per month with 90 Air jet looms 2. Procurement: Raw Material (Yarn+Polyester+Chemicals) from Germany and Pakistan 3. Sales: 90% Export of Denim Fabrics to Europe and Middle East, 80% of Greigh Fabrics in Local Market to all processing textiles mills in Pakistan. 4. Petrol Pump: Two Petrol Pump working in Karachi having monthly fuel consumption/sales average 275000 liter each.
Business & Operations Activities in Sakrand Sugar Mills Ltd: 1. Sugar Production: 7000 Ton crushing unit 9.5% recovery Avg. 63,175 Ton sugar produced 2. Procurement: Sugarcane from Growers, Store mechanical Items & general Items, 3. Sales & distribution: Corporate sales and local distribution through direct mill and middle man 4. Forming and Estate: 540 acre harvesting land with sugarcane, 95-acre for labor colony Qualification
Service providing being as GM-Finance and Company Secretary to Pak Denim Ltd
(Textile Unit) and Sakrand Sugar Mills Limited from October, 2018 to Date. Financial Activities:
Review/Preparation of Company Financials, Audit review with full disclosure as per IAS and IFRS
Arrangement fund from banks such as (Demand & Running Finance Credits, L/C discounted, Export refinance loans, Islamic banking partnership-loan), debtors and other syndicated resources.
Cost Evaluate, analysis, Variances & Price Appraisals
Activities of accounting transaction and Financial Management analysis.
Budgeting and forecasting on Capital Items
Manage Internal Controls on company Policies, Risk Assessment, monitoring, operational activities, MIS, organization Environment and influence of consciousness
Review of production spot’s and make analysis report favorable either adverse
Income tax, Sales tax and corporate affairs (return, refunds, compliance and judiciary)
Preparation of financial forecasting report along with finance feasibility as subject to finance lease
(Auto finance, Capital Item and BMR).
Income Tax and Sales Tax:
Advisory to Accounts and Tax department concerning in tax rules & ordinance as per FBR.
Keeping view & E-filling of Income tax and sales tax return as stated by quarterly and annually along with statement -165).
Evaluate & appraise income tax transactions under payment & receipts.
Compliance with Tax department of various amendments brought about in tax laws by Finance act, Statutory Regulation Orders and comments thereon.
Cooperation with Tax authorities (Federal & Local) and Audit firm to judiciously manage audits and examinations other (state, local, foreign) tax authorities and jurisdictions to ensure that examinations are successfully resolved with the best outcomes for the company.
Supervise the tax function with focus on tax compliance, management of tax examinations and controversy process, income tax accounting and reporting, and tax planning strategy
Coordinate with accounting staff and assess their performance to maintain tax provision and tax compliance which developing or implementing best practices.
Formulation of corporate and individual tax planning and strategy.
Review of Sales tax return and ensure which reconciled with transactional ledgers along with claiming of refunds/input before submission to Revenue Authority. Corporate affairs/Secretarial:
Preparation of meeting agenda, notice and minutes of the meeting, BOD and Audit Committee.
Filing and transmitted of quarterly and Annual Accounts with SECP and PSX-PUCAR
Maintain code of Governance under regulation 2019
Manage and execute of legal presences of share fluctuations in company book and market Report to board management in fulfilling legal due diligence exercise with SECP and PSX.
Upload notices, Financial Results, Form 29 and 30, UIN and others to PSX-PUCAR
Submission of Annual Return, Form A, Form 29, Form 28, Form 26, Form 45 and others as required
Compliance in good Association with SECP on corporate governance, Stock Exchange. Business & Operations Activities: (June 09, 2015 to October 10, 2018) Group Financial Controller (GFC) at SWT Tanners Limited-Uganda. 1. Tanneries: Unfinished leather goods wet blue and gray leather (Export to Europe Countries) 2. Rice production: 12 tons ‘per hour rice processing finished unit (Local distribute in Uganda) 3. Hotel &restaurant: 3 Hotel and 5 restaurant Servicing areas and managed all managements 4. Farm House: 250 acre farming land which using for harvesting of rice paddy 5. Departmental Store: two large stores in shopping malls each have daily sales around US$50,000/- Financial Activities:
Accounting and Financial Management Business Planning and Analysis
Financial Reporting with Standards (IAS, IFRs) Controls and decision support
Cost Management and Variance Analysis Fund Resources Management
Budgeting and Project feasibility Managed Audit & Scrutiny Controls
Income tax and Value Added Tax Sales and Corporate Affairs Business & Operations Activities: (October 30, 2007 to May 30, 2015) 1 Sugar Production: 5000 Ton crushing unit 9.5% recovery Avg. 40,500 Ton sugar produced 2 Procurement: Sugarcane from Growers, Store mechanical Items& general Items, 3 Sales & distribution: Corporate sales and local distribution through direct mill and middle man 4 Forming and Estate: 300 acre harvesting land with sugarcane,35-acrelabor colony Financial Activities:
Accounting and Financial Management Business Planning and Analysis
Financial Reporting with Standards (IAS, IFRs) Controls and decision support
Cost Management and Variance Analysis Fund Resources Management
Budgeting and Project feasibility Growth Strategy development
Income tax and Sales Tax Corporate Affairs and IPOs Business & Operations Activities: (February15, 2005 to October25, 2007) 1. Yarn Production: 350,000 Bags with 84% Yield on blended cotton 2. Procurement :(i) Cotton Procurement from Ginner’s and Grower’s on credit aging basis.
(ii) Store procurement (Mechanical & General Item) 3. Cotton Reconciliation from Issuance for Production (Blow room to Auto cone) and get Production Yield including Cotton waste and measured quantity with cotton consumption. 4. Managed yarn production plane in keeping view of cotton spin plan 5 Monitoring of Cotton mixing process, grading, finishing and packing. 6 Preparation of evaluation report of cotton grading from ginners to mill approval area. 7 Sales & distribution: Responsible of Yarn and waste sales to open market with the help of yarn broker’s as market based rate on cash and credit. 8 Responsible of Export Sales under prescribe government allowed quota on sight and 90 days LC’s. 9 corporate sales and local distribution through direct mill and middle man Financial Activities:
Accounting and Financial Management Business Planning and Analysis
Financial Reporting with Standards (IAS, IFRs) Controls and decision support Head of Finance/ (CFO) and Company Secretary at Adam Sugar Mills Limited: Head of Finance/ (CFO) –Spinning Division at Fateh Textile Mills Limited
Cost Management and Variance Analysis Fund Resources Management
Budgeting and Project feasibility Growth Strategy development
Income tax and Sales tax Corporate Affairs and Legal Issues
Arrangement fund from bank (RF & DF) L/C arrangement (Export & Local)
March 2001 to May 2004Associated with Deloitte. M.Yousuf Adil Saleem& Co, (Chartered Accountants- Karachi) as an audit internee, the firm is Affiliated with International Accountancy firm Deloitte International Situated at Fareast Europe and America.
Major Audited Areas: Manufacturing listed Companies, Textiles, Beverages, NGO’s, Oil & Gas, Insurance and Pharmaceuticals.
Major Assignment completion: Audit Finalization, Preparation of Client’s Financials, Taxation, Client’s Capitalization projects, Feasibility, budgets, financial interpretation (Ratio Analysis) CHIEF ACCOUNTANT
(Reported to Managing Director)
• Supervised Accounting & Finance department
• Dealing with bank on daily fund disbarment and short term finance activities
• Prepared Final Accounts (P &L Accounts and Balance Sheet),
• Preparation of daily fund flow statement, Financial Analysis and reporting writing).
• Arrangement fund from banks such as (Demand & Running Finance Credits, L/C discounted) Costing analysis and controls with standard costing system Settlements of Taxation & Corporate matters.
• Cotton Reconciliation from Issuance for Production and get Production Yield including Waste material and measured quantity with cotton consumption
• Yarn Reconciliation while Issuance for fabric Production seeing that construction wise (warp & weft) Along with Waste material and measured with Yarn consumption and fabric yield. Computer Skills (Oracle Financial 11i, ERP Management System, SAP Product B-1/ S-4HANA, Quick Books, Tally Software, Sidat Hyder GL, Six Sigma Applications, MS Office (All Applications), Tally software, Quick book, Internet and a sugar software which designed by a software company in the name of Computer Information Services (CIS) (Pvt.) Ltd Personal Information
Father’s Name Muhammed Ashiq
National Identity &Passport No. NIC- 42101-0207735-1 and Passport No. CN4917353 Languages Urdu, English,
Religious Islam
Marital Status Married
Health & Fitness Excellent and no major decease or accident in past Date of birth(Original) October 19, 1971
Reference
Mr. Fahad Shaikh Mr. Shahid
(Hyder Bhimji& Co CA firm)+923**-******* (Shahid Habib & Co. CA Firm)
Articleship (Intern Period) (March 15, 2001 to May 30, 2004) with Deloitte International. Union Fabrics (Pvt.) Limited – Pakistan January 1995 to March 12, 2001 Computer Skills
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