Practicing Chartered Accountant based in Mumbai
Mayank P Shah & Co
Total years of experience :15 years, 7 Months
We are practicing CA based in Mumbai, India, and providing services in different areas.
I have a total of 16+ years of post-qualification experience which includes 7 years of exp of working in Dubai.
Our firm can provide outsourcing services in the areas of Accounting, VAT, Audit, Financial reports, MIS, and other relevant areas.
We will make sure timely completion of the required work.
Regards,
CA Mayank P Shah & Co
0091 7710818699
Planning & Monitoring:
Responsible for preparation of budget for Shoemart
Responsible for monitoring monthly performance of various stores/territories against budgets on various parameters.
Analyzing the factors leading non achievement of budget, if any.
Responsible for making feasibility study for opening a new store.
Setting up and Evaluation of Sales and GP margin target of all stores.
Daily evaluation of Sales and Margin Report for all stores.
Analyzing the reasons of non-achievement of budget of Revenue or margin.
Approving and monitoring LPO for capital expenditure & revenue expense.
Introduced a system of preparing system based PO instead of manual
Has introduced system based movement of shopping bags.
Negotiate with suppliers for better prices.
Has contributed in finalizing various contracts for suppliers and customers.
Negotiated with different suppliers which has successfully lead to reduction in cost.
Corporate Finance & Accounts:
Responsible for preparation of Financial Statements of Shoemart on a monthly as well as annual basis.
Responsible for preparation and finalisation of accounts.
Responsible for dealing with auditors in relation to all audit queries.
Institutional Business
Introduced setting up of Credit period and Credit limit for all new and existing customers.
Monitoring the collection of all Institutional customers and making sure that it follows the credit norms
Preparation and approval of contracts for Institutional Customers.
Monitoring the stock aging movement and making sure old inventory is cleared.
Regularly visiting customers for improving relationship.
Finalization of contracts for Institutional customers.
A. Reporting to the Deputy General Manager - Finance (Oct. 08 to Mar 09)
Fund Raising:
Issuing various kinds of BG & LC for various projects bided & executed by the company in EPC space.
B. Reporting to CFO, Infrastructure Sector (Apr 09 to Apr 12)
Strategy:
Worked on feasibility study of a new business initiative of the company
Involved in operational evaluation & restructuring of a vendor company
Involved in US entry strategy discussions involving study of the US market, engaging with i-bankers, working on valuation of target company
Involved with preparation and finalisation of information memorandum for ICICI bank loan syndication
Involved in entry strategy of Railway Projects business and acquisition talks of a Railway Projects company
Interacted with top management on issues of business performance & strategy
Planning & Monitoring:
Monthly evaluation & consolidation of Financial Reporting
Responsible for preparation & supervision and finalization of the Annual budget of the SBUs and the company
Responsible monitoring monthly performance of various SBUs against budgets on various parameters
Analysing the reasons of non achievement of revenue budget against predefined for each SBU
Analysing various opex against their budget and preparing the variance analysis
Responsible for monitoring capital expenditure and purchases, study the feasibly considering their NPV and payback period
Corporate Finance & Accounts:
Involving in development of various reports from ERP like Receivable, SBU wise profitability, SBU wise balance sheet, inventory reports
Responsible for designing and finalising BI tool related to pertaining to Profitability, opex, Production-Dispatch & Inventory for a company
Involved for developing and maintaining an on line Expense management system for the company
Involved in the process of finalisation of accounts on quarterly and annual basis
Academic Achievements: Secured 42nd rank all over India level in CA Final exam conducted in Nov, 2007 by Institute of Chartered Accountant of India with 63% .
M.B.A (Finance) from K.S. School of Business Management, Gujarat University, India with 3.64 GPA
B.B.A from K.S. School of Business Management, Gujarat University, India with 72.20%
Class XII form Gujarat State Board. Secured 13th rank all over Gujarat level.
Class X 2000 R C Patel School, Gujarat State Board 88%