Muhammad Amin Khatri

During this period my Job descriptions includes the following activities;

 Meeting with banker for establishing credit lines and funding arrangements including Money Market Lines
 Supervising Treasury and Money Market activities
 Supervising Capital Market activities and investment management including CDC Operations
 Supervision of Credit Administration Department (CAD) and involved in Syndicate Financing arrangement with Commercial Banks
 Prepared and implemented Asset Liability Management Policy
 Preparation of financial statements in compliance with IAS, IFRS, Companies Ordinance 1984, Companies Act 2017, NBFC Rules, NBFC Regulations, and other requirements of ICAP.
 Supervising all work relating to the taxation of the company and coordination with Tax Advisor.
 Preparation and submission of quarterly, half yearly and annual financials and transmission of these financial statements to Pakistan Stock Exchange, SECP and members of the company in compliance with IFRS, Code of Corporate Governance, Companies Ordinance 1984, Companies Act 2017 and other relevant laws.
 Preparation of Management Accounts as and when required
 Coordinate with internal and external auditors
 Presentation of quarterly, half yearly, 9 months and annual financial statements to the Audit Committee.
 Ensure compliance and meeting with all requirements of NBFC Rules 2003, NBFC Regulations 2008, Listing Regulations of Pakistan Stock Exchange including those of Code of Corporate Governance, Companies Act 2017, Securities Act 2015, Listing Regulations, SBP’s applicable enactments
 All Secretarial works including Arranging for Board of Directors Meeting, Annual General Meeting and Extraordinary General Meeting, preparation of Board memos and presentation of financial / non financial materials for the consideration of the Board
 Interaction and meeting with regulators.
 Preparation for and holding Election of Directors.
 Supervising the preparation of memos to the Board and preparation of minutes of all meetings.
 Filing of returns and statements with SECP, SBP and all Stock Exchanges
 Supervising issuance of shares, Bonus issue including CDC transfers and all matters relating to shareholders

In JULY 2004 I was appointed as Company Secretary and remained Company Secretary till Feb 2008. During this period in June 2006 I was also appointed as Chief Financial Officer of Security Investment Bank Ltd and was given additional charge of Head of Operations. My Job responsibility during the said period were as follow.


 Supervising Treasury and Money Market activities
 Supervising Capital Market activities and investment management
 Supervising all Credit /Financing activities
 Preparation of financial statements in compliance with IAS, IFRS, Companies Ordinance 1984 and other requirements of ICAP.
 Supervising all work relating to the taxation of the company and coordination with Tax Advisor.
 Completed all requirements and formalities for setting up Subsidiary in Dubai and in Karachi.
 Developed plan and policies for Car Financing on Morabah basis
 Developed policies and procedure for extending facilitation services to clients (Cash Management Services).
 Prepared detailed Business Plan in accordance with NBFC Regulations 2008 for the Board.
 Dealing with Banks for establishing lines of Credit and including Money Market Lines
 Supervising Submission of quarterly, half yearly and annual financials and transmission of these financial statements to all Stock Exchanges, SECP and members of the company in compliance with IFRS, Code of Corporate Governance and other relevant laws.
 Preparation of consolidated financial statements of the Group in compliance with the requirements of IAS, IFRS, Companies Ordinance 1984 and other requirements of ICAP.
 Coordinate with internal and external auditors
 Presentation of quarterly, half yearly, 9 months and annual financial statements to the Audit Committee.
 Ensure compliance of Code of Corporate Governance.
 Arranging for Board of Directors Meeting, Annual General Meeting and Extraordinary General Meeting.
 Interaction with regulators.
 Preparation for and holding Election of Directors.
 Supervising the preparation of memos to the Board and preparation of minutes of all meetings.
 Completed all requirements and formalities for alteration in the Memorandum and Articles of Association of the company.
 Filing of returns and statements with SECP, SBP and all Stock Exchanges
 Supervising issuance of shares, Bonus issue including CDC transfers

FORMATION OF SUBSIDIARY COMPANY

 Formed separate brokerage house (subsidiary)
 Performed all secretarial work and financial work relating to Formation of SIBL Exchange Company (Pvt) Ltd.
 Installation of Software for Exchange Company.
 Recruitment of staff.
 Meeting with the requirements of the State Bank of Pakistan and SECP.
 Engaged in formation and setting up of a Brokerage Company including Transfer of TREC / Shares of PSX and application for registration as broker with SECP

Reporting to : CEO and Board of Directors)

REPORTED AS ABOVE

responsible to Audit Committee and BOD

From June 15, 2001 to June, 2004 I carried out extensive audit of different departments in the organization in my capacity as Chief Internal Auditor. My major responsibilities included;

•Develop and update on a regular basis the Internal Audit Manual of the bank
•Ensure compliance with Companies Ordinance, IFRS, Code of Corporate Governance, Directives of SECP, Stock Exchange Listing Regulations and NBFC Rules, other relevant laws and Company's Operation Manual.
•Supervise all functions pertaining to daily audit
•Surprise audits of various departments & preparation of Audit Reports.
•Audit of monthly profit and loss accounts.
•Pre-audit of all internal MIS reports.
•Submission of Audit Reports to the Audit Committee.
•Involved in training of subordinate staff..
•Ensure that record of circulars from State Bank, SECP and other regulatory agencies are updated regularly.
•Co-ordinate with external auditors.

I have completed my articleship of four years from M/s. M.Yousuf Adil Saleem & Co. ( Chartered Accountants) a Member firm of Deloitte Touché Tohmatsu International. During this period I supervised and conducted external audit to report on financial statements of different companies of following major industries.

 Banks
 Leasing
 Insurance
 Trading concerns
 Manufacturing Concerns (textile, leather, Cement, Garments etc)

In addition to external audit, I also worked in the following special assignments.

Special assignments of National Bank of Pakistan

In this assignment, I supervised and conducted extensive audit of different branches of the National Bank of Pakistan. Natures of these special assignments are as follows;

 Extensive Internal Audit of different Branches
 Foreign Currency Reconciliation of NOSTRO ACCOUNTS
 Golden Hand Shake Scheme
 Preparation of Quarterly Returns (financial Statements) for SBP
 Reconciliation of Principal Account with SBP

Other Banks

In addition to above, I have also conducted the following Special assignment in which different areas of the following bank were audited as per the requirement of Basel II implementation.

Core Principal Audit of;
Bank-Al Falah Limited
Soneri Bank Limited

Besides, I have also carried out Internal Audits (special assignments) of many manufacturing concerns including;

 Salfi Textile Mills Ltd
 Island Textile Mills Ltd
 Tata Textile Mills Ltd
 Jublie Spinning and Weaving Mills Ltd
 Motif Leather Works

The scope of the above Internal Audit (special assignments) was to carry out audit of all the manufacturing process from taking Work-in-Process to preparing yield and thorough checking all the books of stocks, materials, stores and spares and matching the same with sales tax records. Compliance of complete Management Information System relating to Cost Accounts.

LIST OF MAJOR COMPANIES WHICH WERE AUDITED
DURING THE FOUR AND A HALF YEARS WITH
M/S. M. YOUSUF ADIL SALEEM & Co.
( CHARTERED ACCOUNTANTS)


1. NATIONAL BANK OF PAKISTAN
2. BANK AL-FALAH LIMITED
3. SONERI BANK LIMITED
4. BANK AL HABIB LIMITED
5. NATIONAL DEVELOPMENT FINANCE CORPORATION
6. EFU LIFE INSURANCE
7. PRIME INSURANCE
8. DAWOOD LEASING COMPANY LTD
9. QUALITY TEXTILE MILLS LTD
10. MOHAMMAD FAROOQ TEXTILE MILLS LTD
11. PAKISTAN PAPERSACK CORPORATION LTD.
12. DIN LEATHER (PVT) LTD
13. SALFI TEXTILE MILLS LTD
14. ISLAND TEXTILE MILLS LTD
15. TATA TEXTILE MILLS LTD
16. MGM CORPORATION (PVT) LTD
17. LUCKY CEMENT LTD
18. AL-AMEERA APPERAL (PVT) LTD
19. AL-MEEZAN ENTERPRISES (PVT) LTD