Manager -Accounts & Finance
Al-Saif Transportation Corporation
Total years of experience :20 years, 7 Months
Oct 2013 to till date Al-Saif Transportation Corporation -Saudi Arabia
Transportation, Automobiles and Logistics Company,
Dammam -Saudi Arabia,
Working as Manager -Accounts & Finance
Nov 2012 to Oct 2013 Energywin Technologies Pvt Ltd.,
Sr. Finance & Accounts Manager,
Solar Power Manufacturing, Trading, RFID Product
& Telecommunication Products.
Designing cum service.
Dec 2011- Oct 2012 Meru Cab Company Pvt Ltd.,
Accounts & Finance Manager,
Handling Bangalore Branch Accounts & Finance,
Supporting HO in handling other 3 Branches in India,
Plus Sales of Used Cars.
July 2010 to 15 Dec 2011 BMW-Navnit Motors Pvt Ltd., -B'lore.
Accounts Manager - BMW -Cars and Motored Sales & Servicing Co., + BMW Finance + Secure+ BSI+ package.
Heading Entire Branch Accounts.
April 08 to till July 10 2010 Manager -Accounts & Finance.
Gold Manufacturing & Retail Trading group of Co.,
Mannat Jewellery Manufacturing Pvt Ltd.,
(Turn over 42 Cr)
Damas Exclusive-Bangalore
Mast Jewellery Distribution Pvt Ltd
(Turn over 15+ Crore),
Bangalore - 560011.
May 2006 to March 2008 Manager -Accounts & Finance
(Turnover 22+ Crore)
SMART RETAIL PRIVATE LIMITED
Subsidiary Co., of Wadhwan Food Pvt Ltd- Spinach
# 28, 1st Main, Nagarbhavi Main Road,
Chalukya Nagar, Bangalore -560072.
2 Yrs 4 Months
Feb2004-May 06 Sami labs ltd., corporate office,
Peenya, Bangalore-for the past 2yrs.
Sr. Executive- Accounts (General &Factory) & operations.
One of the best &Leading R & D, Bulk Herbal extraction company, Which has got 6 unit s allover Karnataka, sales regions allover India.
it has got 2 -EOU & 4 Non-EOU Manufacturing unit.
2Yrs
2002-2004 VISESH INFOTECNICS LTD (MICRO ERP)
Asst - Accounts Manager
SOFTWARE & HARDWARE COMPANY,
=325, C.M.H. ROAD,
Indiranagar, Bangalore -38.
2Yrs
2000-2002 Sports world India Pvt ltd.,
Asst-Accounts Manager
# 705, Carlton towers,
Airport Road, Bangalore.
2Yrs
1998-2000 Bagrodia & Co.,
& Y.V.S.Vinod & co.,
Audit Executive
Chartered Accountancy Firm,
Bangalore.
C.A-Article ship
1994-97 Bagrodia & Co.,
Article ship
Chartered Accountancy Firm, Bangalore.
Profile at M/s. Al-Saif Transportation Company-Transportation, Automobiles & Logistics Service Company.
• Prepared Business Plan of 5Yrs (FY 2014-15 to FY 2019-20) & Project report of the company.
• Inventory & Material Management-submission of Daily inventory report to CEO & Automobiles Work shop Manager.
• MIS (Variance Analysis Report) Report on Revenues Earned - Budgeted Vs Actual (Monthly basis, Qtrly basis, half yearly and Yearly basis)
• Preparation of daily & monthly cash flow to Management & funds allocation towards suppliers out standings (bills payables)
• Supervision & finalization of accounts including audit of annual accounts (FY 2013-14)
• Preparation of monthly, weekly or daily debtors or receivables report with ageing.
• Inventory Management - Set up records, Bill of Material concept (BOM), Batch wise product, costing to finalize price of the Service Contract/product.
• Maintaining the records for Intangible Assets, it will be amortized subsequently over a period of 5yrs.
• Maintained Fixed Assets Register, Charging of Depreciations on respective fixed assets, replacement of fixed assets on timely basis, General Insurance are covered against the fixed assets.
• Authorized Capital increased. Share application money's are collected, issued share applications and allotted Equity shares against collected share application money by passing board resolution.
Profile at M/s. Energywin Technologies Pvt Ltd., -Manufacturing, Trading & Soft. Designing & Service Company.
• Company Setup, Infracting with Company Secretary for fulfilling all the ROC Compliance.
• Managing/Controlling-2 Cr Turnover Newly Setup Company's accounting with 3 member's team, reporting to CFO & CEO of the Company.
• Registration of VAT (Obtaining TIN), ESI, PF Registration No, PAN for Company, Service Tax Registration, Excise Duty Registration etc.,
• Prepared Business Plan of 5Yrs (FY 2013-14 to FY 2017-18) & Project report of the company, submitted to SBI Bank -SME Branch-JP Nagar, B'lore, got the Rs 50 lacs Term Loan and Rs 50 Lacs Working Capital with lesser interest rate of 12% per annum.
• Inventory & Material Management-submission of Daily inventory report to CEO & CTO, Monthly to SBI bank subject to Working capital/Trade Advance facilities as availed by the company.
• MIS (Variance Analysis Report) Report on Revenues Earned - Budgeted Vs Actual.
• Preparation of daily & monthly cash flow to Management & funds allocation towards suppliers out standings (bills payables)
• Supervision & finalization of accounts including audit of annual accounts (F.Year 2011-12 & FY 2012-13)
• Preparation of monthly, weekly or daily debtors or receivables report with ageing.
• Inventory Management - Set up records, Bill of Material concept (BOM), Batch wise product costing to finalize price of the product. Computation of Cost of Goods Sold.
• Maintaining the records for Research & Development expenses & presented as intangible assets with auditor approval as per revised schedule VI, value of the R&D expenses/Intangible Assets will be amortized subsequently over a period of 5yrs.
• Maintained Fixed Assets Register, General Insurance are covered against the fixed assets.
• Authorised Capital increased with the support of Company Secretary by filing required forms with ROC. Share application money's are collected, issued share applications and allotted Equity shares against collected share application money by passing board resolution and filed Form 2 subject to shares allotment.
Profile at M/s. Meru Cab Company Pvt Ltd.,
• Managing/Controlling 50 Cr Turnover Branch Accounting with 8 member's team, reporting to CFO, CEO, COO and Branch Head of the Company.
• Supervision & finalization of accounts including audit of annual accounts (F.Year 2011-12)
• Preparation of monthly & Qtrly financial statements of Cabs on road, Airport (BIAL) & on Used Cars Sale.
• Meetings with BIAL (Bangalore International Airport Ltd., ), Monthly Reconciliation of Cabs Airport Trips & submission same to BIAL, processing in time monthly payments to BIAL subject to Airport charges.
• MIS Report on Revenues Earned - Budgeted Vs Actual.
• Preparation of monthly, weekly or daily debtors or receivables report with ageing.
• Finalizing Finance on Cabs purchase from different Financers like HDFC, Magma, Tata Finance & Reliance.
• Processing & submitting insurance claims subject to cabs accidents.
• Preparation of daily & monthly cash flow to Management & funds allocation towards suppliers out standings (bills payables)
• Fleet/Purchase Accounting: Bill passing adhering to P.O. terms & GRN's, Payments to vendors, Update/maintain creditors ledger, attending to queries from vendors/sourcing team, reconciliation of accounts with vendors, Issue TDS certificates to vendors/job workers. Updatation of MMS & monitoring Work Orders.
• Management of Bills payable. Making payments to Service Vendors against out sourced servicing.
• Sales Accounting and receivables management: Selling Used cars to different dealers, obtaining quotes from different dealers, finalizing quotes with the approval of CEO and collecting funds from buyers, delivering cars in time to dealers, handing over all the RTO docs, facilitating transfer of vehicles owner ship to buyers.
• Management of Alternate Revenue by way of Advertisement.
• General & Admin expenses Accounting: Booking & payment of all general & advertisement expenses after verifying the same, Checking all claims/re-imbursements for travel, local conveyance etc & ensure adherence to policy, Booking all expenses & ensure timely payment of electricity, telephone bills etc, Keeping track and follow up for settlement of imprest/advances, Cash handling, Monthly provision of all general expenses.
• Cabs Management-submission of Daily Cabs report to CEO, CFO & VP Fleet, and Monthly report to HDFC, Magma, Tata Finance & Reliance bank subject to Loan facilities as availed by the company.
• Compliance of statutory payments, monthly statutory filings including completion of assessment in respect of TDS (e-TDS), VAT and Service Tax.
• Maintenance of Fixed Assets Register (Capex Register) & insurance coverage for the respective assets.
• Obtained VAT TIN for the branch by compiling all the process with commercial tax dept., filed Monthly return by pay VAT due through e-payment.
• Issuing TDS certificates (Form 16A) to parties & Form 16 to staffs after obtaining savings details from staffs.
• Preparation of Monthly/Daily Bank reconciliation for different banks of the company.
• Supporting Corporate Office in compiling financial statements on monthly basis.
• Attending Qtrly Internal Audit, Half yearly & Annual Statutory Audit.
• Attending Branch VAT Audit (Form 240) & other departmental assessments subject to VAT, PT etc.,
• Maintaining Vehicles Documents like R.C Books, Insurance, F.C, permits from RTO & Hypothecation records in case financed vehicles.
• Managing Time to Time Renewals of Cabs RTO Permits, Insurance & F.C.
• Attending Monthly Review Meetings (MRM) with Mancom (Directors & Top Management Team), presenting branch Profit before Tax (PBT)
Profile at M/s. BMW -Navnit Motors P Ltd.,
• Managing & Controlling 150 Crore Turnover with 4 member's team on general accounts & reporting to GM-Accounts, V.P -Operation and Chief Managing director of the Company.
• Supervision & finalization of accounts including audit of annual accounts (F.Year 2010-11)
• Preparation of monthly & Qtrly financial statements for both Cars, Motored.
• MIS Report on sales - Budgeted Vs Actual.
• Preparation of daily & monthly cash flow to Management & funds allocation towards suppliers out standings (bills payables)
• Purchase Accounting: Bill passing adhering to P.O. terms & GRN, Payments to vendors, Update/maintain creditors ledger, attending to queries from vendors/sourcing team, reconciliation of accounts with vendors, Issue Form C, F/TDS certificates to vendors/job workers.
• Management of Bills payable. Making payments to principal against car supply after retailing/liquidating.
• Sales Accounting and receivables management: Account opening with agreed pricing/margins, Calculation and entry of debit notes / credit notes, Follow up for payments - both internal & external (key accounts), Periodic reconciliation with major customers & sign off, Check daily remittances of collections.
• General & Admin expenses Accounting: Booking & payment of all general & advertisement expenses after verifying the same, Checking all claims/re-imbursements for travel, local conveyance etc & ensure adherence to policy, Booking all EBO expenses & ensure timely payment of electricity, telephone bills etc, Keeping track and follow up for settlement of imprest advances, Cash handling, Monthly provision of all general expenses.
• Inventory & Material Management-submission of Daily inventory report to CMD, Monthly to HDFC bank subject to Working capital/Trade Advance facilities as availed by the company.
• Compliance of statutory payments, monthly statutory filings including completion of assessment in respect of Income Tax, FBT, TDS (e-TDS), VAT, CST and Service Tax,
• Maintenance of Fixed Assets Register (Capex Register) & insurance coverage for the respective assets.
• Filed VAT Audit Report with sales tax department by filing form 240.
• Attending Sales Tax (VAT) intelligence assessment (surprise visit)
• Monthly income & expenditure statement, analysis of expenses.
• Computing the DSA commission earned on DSA consignment sales.
• Issuing TDS certificates (Form 16A) to parties & Form 16 to staffs after obtaining savings details from staffs.
• Preparation of Monthly/Daily Bank reconciliation for different banks of two companies.
Profile at M/s. Mannat Jewellery Manufacturing Pvt Ltd & Mast Jewellery Distribution Pvt Ltd (Damas Exclusive),
• Managing & Controlling 6 member's team on general accounts & reporting to Managing director of the Company.
• Supervision & finalization of accounts including audit of annual accounts (F.Year 2007-08, 2008-09 & 2009-10)
• Income Tax assessment completed with ACIT range 12 (1) for the FY 2005-06, 2006-07 & 2007-08 and collected order along with refund cheques.
• Preparation of monthly & Qtrly financial statements for both companies.
• MIS Report on sales - Budgeted Vs Actual.
• Preparation of daily & monthly cash flow to Management & funds allocation towards suppliers outstanding (bills payables)
• Getting bullion loans from Banks like SBI Overseas, HDFC, IndusInd Bank, Commercial Bank for a credit period of 180days by providing Letter of Credit or Bank Guarantee (SBLC/BG) & making repayments towards gold loan on due dates.
• Purchase Accounting: Bill passing adhering to P.O. terms & GRN, Payments to vendors, Update/maintain creditors ledger, attending to queries from vendors/sourcing team, reconciliation of accounts with vendors, Issue Form C, F/TDS certificates to vendors/job workers.
• Management of vendors bills payment, preparation of ageing report.
• Sales Accounting and receivables management: Account opening with agreed pricing/margins, Calculation and entry of debit notes / credit notes, Follow up for payments - both internal & external (key accounts), Periodic reconciliation with major customers & sign off, Check daily remittances of collections, Monthly Provision for discounts/MG - keep track of same, Quarterly agency commission calculation, Reconciliation of clearance sales, Follow up for collection of Form C & H.
• General & Admin expenses Accounting: Booking & payment of all general & advertisement expenses after verifying the same, Checking all claims/re-imbursements for travel, local conveyance etc & ensure adherence to policy, Booking all EBO expenses & ensure timely payment of electricity, telephone bills etc, Keeping track and follow up for settlement of imprest advances, Cash handling, Monthly provision of all general expenses.
• Inventory & Material Management-submission of monthly inventory report to Vijaya bank subject to Working capital facilities as availed by the company.
• Management of O.C.C a/c facilities with Vijaya Bank, interaction with senior manager -Vijaya Bank on documents submission, filing charges on company's properties with R.O.C (Form 8 filing) & closer of charges by filing form 17 with satisfaction report from banker.
• Filing form-5 & form-2 subject increase of authorized capital & additional allotment of shares respectively.
• Maintenance of Statutory Register with share holder records, shares allotment, transfer, issuing of share certificate.
• Compliance of statutory payments, monthly statutory filings including completion of assessment in respect of Income Tax, FBT, TDS (e-TDS), VAT, CST and Service Tax,
• Assist the management team in conducting board meeting, maintaining minutes - resolution files.
• Interacting with Oriental Insurance to claim Insurance subject to product damages/burglary at our outlet. Stocks & assets are sufficiently covered with insurance.
• Filing of Form 32 with Directors new appointment & ceasing with ROC.
• Filing Form -18 for change of corporate office with resolution.
• Maintenance of Fixed Assets Register (Capex Register) & insurance coverage for the respective assets.
• Filed VAT Audit Report with sales tax department by filing form 240.
• Obtaining Search Report from Ministry of Company's Affairs on Company's as on day status which highlights Capital, Charges on Company's Assets, Directors status and their share holdings.
• Getting Gold loan from IndusInd & HDFC bank by providing Stand by Letter of credit from Vijaya bank issued against Rs 8.00 Crore Fixed Deposit, settlement of gold loan payments on due dates or before by fixing gold rates with bankers through market survey subject to profit earnings to company.
• Working out Company's Net worth/Net Assets Value.
• Attending Sales Tax (VAT) intelligence assessment (surprise visit)
• Monthly income & expenditure statement, analysis of expenses.
• Computing the franchisee commission earned on franchisee consignment sales.
• Issuing TDS certificates (Form 16A) to parties & Form 16 to staffs after obtaining savings details from staffs.
• Preparation of Monthly/Daily Bank reconciliation for different banks of two companies.
Profile Managed at M/s.Smart Retail Pvt Ltd.,
• Managing & supporting 12 member's team on general accounts & reporting to executive director-finance.
• Attended the Due Diligence Audit in the course of acquisition/merger/Share Purchase of Smart Retail Pvt.
• Supervision & finalization of accounts including audit of annual accounts.
• Budgeting, Cost controlling, Report on Actual Vs Budgeted.
• Preparation of monthly financial reports- outlet wise (25 outlets)
• MIS Report on sales - Budgeted Vs Actual.
• Preparation of monthly cash flow to Management & funds allocation towards supplier's outstandings (bills payables)
• Management of Bills payable.
• Inventory & Material Management-submission of monthly inventory report to Indian bank subject to O.C.C facilities as availed by the company.
• Management of O.C.C a/c facilities with Indian Bank, interaction with senior manager -Indian bank on documents submission, filing charges on company's properties with R.O.C (Form 8 & 13 filing) & closer of charges by filing form 17 with satisfaction report from banker.
• Filing form-5 & form-2 subject increase of authorised capital & additional allotment of shares respectively.
• Maintenance of Statutory Register with share holder records, shares allotment, transfer, issuing of share certificate.
• Compliance of statutory payments, monthly statutory filings including completion of assessment in respect of Income Tax, FBT, TDS (e-TDS), VAT, CST and Service Tax.
• Assist the management team in conducting board meeting, maintaining minutes - resolution files.
• Obtaining branch certificates for 25 outlets & 2 warehouses from Sales Tax department.
• Interacting with TATA AIG to claim Insurance subject to product damages/burglary at different outlets.
• Filing of Form 32 with Directors new appointment & ceasing with ROC.
• Filing Form -18 for change of corporate office with resolution.
• Maintenance of Fixed Assets Register (Capex Register) & insurance coverage for the respective assets.
• Filed VAT Audit Report with sales tax department by filing form 240.
• Listing with NSDL & obtaining ISIN activate, opening account Demat account, coordinating with DP (Depository Participant), converting physical shares in to electronic form, initiating transfer of electronic form of shares to respective Demat account, pledging shares with financial institution against financial assistance.
• Liaising with Axis Bank subject to OCC & Term loan of
Rs 3.10 Crore & Rs 10.00 Crore respectively. Creation of charges by filing form 8 with ROC.
• Obtaining Search Report from Ministry of Company's Affairs on Company's as on day status which highlights Capital, Charges on Company's Assets, Directors status and their share holdings.
Job Profile & Achievement at Sami Labs Limited
1. Worked with Insurance surveyor to get the insurance clime against fire loss at Kunigal unit (around 18 crores)
2. Prepared Fixed Asset Register-period 1991 to 2005. As per company's Act & with the guidelines given by ICAI.
3. MIS Reporting on below cited Subject: A. Products (Monthly Reports)
Product wise Export/Sales Analysis.
Product wise Cost Analysis.
Product wise cost versus revenue Analysis.
B. Inventory Analysis - (Quarterly Report)
Report on Movements of Inventory-Ageing analysis.
Report on Non moving items
Report on Dead Inventory.
4. Demurrages payments on Imports.
5. Reports on Idle Equipment & construction item.
6. Reports on ongoing projects of Sámi labs at different location like
Hyderabad, Dabaspet, Kunigal etc.,
7. Analysis of Total purchase - quarterly.
8. Report on Sami's own, Lease hold facilities.
9. Factory Accounting: Monitoring - Accounting of GRN's, stock transfer between units.
Excise Records regularization: Maintained excise records, RG23A Part 2 (local & import purchase details, cenvat/modvat credit register), RG23C Part 1 & 2 (Capital goods), RG1 (finished goods), PLA register, payment of excise liability through TR6.
Filed monthly return RT12. Sending intimation to excise dept., via form ARE1 & ARE3a (movement of stock from factory to ware house or one ware house to on other warehouse)
Maintained of job work annexure & job work register.
Preparation & Maintained of Inter unit transaction (IUT), CT3, CT1 & DTA,
Interaction with commercial dept., subject to Bonding & De bonding of Raw material & finished goods.
Operational Audit at unit level, verification & control of stock/Inventories, QA & QC Batch report at production level, Work in progress, Report on Jobwrok by following up with processor, supporting in editing monthly inventory report which will be submitted at bank level by finance department.
Update & observation of raw material consumption subject to accuracy of cost sheet.
Maintained unit cash transactions, weekly report submitted to corporate office-centralized Accounts dept., ,
Co-ordination with Auditors during the finalization of accounts & other related matters at corporate office.
Routine Accounting Job profile at Different other Companies
1. VISESH INFOTECNICS LTD
2. SPORTS WORLD INDIA PVT LTD.,
MBA Finance Completed at first stretch, Material or Inventory Management Project Completed in a manufacturing Company during MBA post graduation.
