DEEPESH RAJU SHETTY
{M-Com (Mumbai University), ACA (ICAI), CMA (USA)}
Contact No.: +973 3725 7353 ( Bahrain / WatsApp ) / +91 9821440327 ( India )
Email ID: [email protected]
Skype ID: deepesh.shetty2

Career Objective:
• Aspiring for a Managerial role in Accounts, Treasury & Tax Function of an Organization with a diverse Business portfolio.
• Be a Team Player and a Mentor to my juniors.
• Add value to the Organization by demonstrating high level of professional prudence in managing its Finance on behalf of the shareholders.

Work Experience:
 Serving as a “Manager Accounts & Finance – Head Office” with M/s. Haji Hassan Group BSC., Bahrain.
 About HHG :
HHG is a Family Managed & closely held Group headquartered in the Kingdom of Bahrain and operates across the region with primary interest in Manufacture & Sale of Construction Materials.

HHG business segments include road infrastructures, bridges and flyovers projects, airport runways, real estate development, manufacture of building materials, precast concrete, ready-mix concrete, plastic pipes, concrete blocks, steel reinforcement, construction chemicals, commercial vehicle spare parts, residential and commercial properties and more.

 Tenure: Dec”2016 – Till Date.
 Reporting : Direct Reporting to General Manager-Finance, Dotted Reporting – Group CFO
 ERP – Oracle Systems.
 Group Turnover – BHD 150 Million.

 Task & Assignments:
1. Monthly Management MIS – In Coordination with the division Accounts and after discussion with respective Division Business Managers roll out management MIS to the Board on a Monthly basis.
2. Accounts Consolidation – Consolidate monthly financials of Division with HO, as per IFRS, and present it to the Finance Director on Monthly basis.
3. In Co-ordination with the Sales team Liaison with Banks & negotiate with the Banks with regards to Export L/c related charges ( Negotiation / Discounting charges etc. ).
4. Receivables Management: Participation in the Receivable meeting (Chaired by Sales & Marketing GM), Regular Follow up’s & Liasoning with the Marketing team & Banks for any delay with regards to document submission / Collections etc.
5. Assist the Deputy General Manager – Finance & Admin. with regards to the Company’s insurance requirements ( including medical cover ) including liaising with other staff and insurance companies.
6. Compilation of Budgets for Group, related companies and consolidation based on information received from different departments and instructions of senior management. Sales and related cost data for budgets will be provided by Costing Department.
7. Capital Expenditure and manpower statements to be submitted monthly.
8. Monthly provisions & accruals.
9. Perform the functions of Deputy General Finance Manager during their absence.
10. Budgeting: Co-ordination with the various department heads setting up the estimated budgetary allocations & also Minor / Major Capex expenditures planned for the ensuing financial year. Preparation of Cash Budget on basis of the Master Budget Finalized.
Achievement – Initiated, Tested and Implemented a Budget template across Divisions ( No. 12 ) and interfaced the same into the Oracle system in co-ordination with Oracle IT Team
11. Monthly Financial Analysis ( Ratio Analysis / Operational Analysis / Capital Structure Analysis ) & Cost Analysis ( CVP Analysis, Marginal Cost Analysis ).
12. Finalization of Accounts & Audit as per IFRS.
13. Preparation of Weekly Fund Reports i.e Bank & Book Balance held in various Currencies, Bank Facilities & Utilization (Fund / Non Fund Limits), Payable Ageing reports, Receivable Ageing Reports, FD with Maturity etc.
14. VAT Implementation - Core team Member from Accounts, coordinating & liasoning with NBT, Tax consultants & IT for registration, preparing & amending the IT Infrastructure & assessing the impact of VAT on business.

 Served as a “Treasury Manager & MIS” with M/s. Midal Cables Ltd., Bahrain.
 Tenure: April”2014 – Nov”2016.

 Brief About Midal Cables Ltd. :
 Group – Part of AL Zayani Group, Operational in Riffa, Bahrain since 1977. An ISO 9001 – 2000 OHSAS 18000 – 1999 Certified Company.
 Industry – Aluminum Wires & Cables.
 Products – Overhead Line Conductors, Aluminum Rod & Wires etc.
 Major Market – Kingdom of Saudi Arabia, Canada, United Kingdom, USA, Turkey, Mozambique etc.
 Production Capacity – 250 Thousand Metric Ton.
 Annual Turnover - $ 700 Million

 Reporting to : G.M. Finance / Accounts
 ERP Software – Oracle Systems

 Task & Assignments:

1. On receipt of instructions from purchase and planning department, handle all formalities pertaining to import letters of credit and collection documents.
2. In Co-ordination with the Sales team Liaison with Banks & negotiate with the Banks with regards to Export L/c related charges (Negotiation / Discounting charges etc. ).
3. Receivables Management: Participation in the Receivable meeting (Chaired by Sales & Marketing GM), Regular Follow up’s & Liasoning with the Marketing team & Banks for any delay with regards to document submission / Collections etc.
4. On receipt of instructions from marketing, handle all formalities pertaining to Bank & Corporate guarantees including liasoning with bank for charges on outstation Guarantees & legal department with regards to the draft.
5. Handle Formalities pertaining to Bank guarantees received by the company from suppliers / vendors including liaising with banks and legal dept.
6. Monitor Import Loans, providing the repayment details for cash flows and arranging the bookings in time.
7. Constantly monitoring & reviewing the Bank Covenants & highlight any deviation immediately to the Management.
8. Export L/c ( Confirmed / Non Confirmed ) & Receivable ( Credit Insured ) discounting with Banks without Recourse of Liability ( Off B/s. Financing )
9. Assist the General Manager – Finance & Admin. with regards to the Company’s insurance requirements ( including medical cover ) including liaising with other staff and insurance companies.
10. Prepare MIS reports, graphs etc. and provide information for Board Meetings.
11. Compilation of Budgets for Midal, related companies and consolidation based on information received from different departments and instructions of senior management. Sales and related cost data for budgets will be provided by Costing Departmnet.
12. Overall in charge of FA module i.e fixed Asset accounting and capital expenditure tracking and reporting, including maintenance of depreciation schedules and property insurance coverage & transactions.
13. Capital Expenditure and manpower statements to be submitted monthly.
14. Provide entries for Bank Charges ( LC Charges, Guarantee Charges, & CAD Charges ), interest for import loans, short term loans, Long term loans, swap agreements.
15. Monthly provisions & accruals.
16. Perform the functions of Finance Manager and Management Accountant during their absence.
17. Perform the functions of AP Supervisor during their absence.
18. Budgeting: Co-ordination with the various department heads setting up the estimated budgetary allocations & also Minor / Major Capital expenditures planned for the ensuing Financial year. Preparation of Cash Budget on basis of the Master Budget Finalised.
19. Monthly Financial Analysis ( Ratio Analysis / Operational Analysis / Capital Structure Analysis ) & Cost Analysis ( CVP Analysis, Marginal Cost Analysis ).
20. Finalization of Accounts & Audit as per IFRS.
21. Preparation of Weekly Treasury Reports i.e Bank & Book Balance held in various Currencies, Bank Facilities & Utilization (Fund / Non Fund Limits), Payable Ageing reports, Receivable Ageing Reports, FD with Maturity etc.
 Awards & Recognition – ACT Awards in SME sectors for Excellence in Corporate Treasury.

 Serving as a “Deputy Manager Accounts & Finance” with M/s. Kelvolt ( India ) Pvt Ltd.
 Tenure: September, 2012 – March, 2014.

 Brief about Kelvolt :

Nature - Electro Mechanical Solution Provider, Designing & Implementation of HVAC systems, Industrial & Commercial Electrical Distribution, Fire protection, Electronic Security, IBM Solutions etc.

Major Clients & Channel Partners - Godrej & Boyce Ltd, HDFC Bank, Kotak Mahindra Bank Ltd, Cadbury India Ltd, Larsen & Tourbo Ltd., Shapoorji & Pallonji Co. Ltd. etc.

ERP Software – SAP BI

Reporting – Sr. Manager, Accounts & Finance.

 Task & Assignments-

1. Leadership, Leading & Constantly updating the Accounts & Commercial team of M/s. Kelvolt ( India ) Pvt. Ltd. by constantly conducting training sessions & meetings at periodic intervals.
2. Liasoning, with Bank Authorities with regards to BG application, Foreign Remitance, Enhancements of OD / CC / Non Fund ( BG / LC ), Periodical submission of Stock / Debtor Statements, D.P Working Statement etc.
3. Co-ordinating, with Indirect Tax Consultants ( Service & Sales Tax ) in Registered Sales tax States ( Maharashtra, Goa, Karnataka, Gujarat, Goa, Rajasthan, Uttar Pradesh etc ) across India & providing requisite information for facilitating filing of periodic returns as per the VAT provisions of the respective province.
4. Computation of Service Tax, TDS ( Salary/Non Salary ), VAT & CST Returns as per the provisions of the respective statues.
5. Closing Books as per the provisions of Companies Law & getting the same ready for Statutory Audit as per Companies Act, Income Tax Audit under Income Tax Act & Audits under respective Sales Tax Acts ( MVAT, GVAT, KVAT etc. ).
6. Computing taxable Income as per the provisions of Income Tax Act & filing the returns under the said Act with the assistance of the Tax Advisors.
7. Implementation of ERP System, Member (representation from Accounts & Commercial team ) of the Core team formed for Implementation of ERP System.
8. Liasoning & Co-Ordinating with the rating Agency ( SMERA & CRISIL ) for continuous upgrading of Bank Loan Ratings ( Basel II ) rating.
9. Initiating process, negotiating and closing the deal with Financial Institutions for temporary financial assistance with regards to Project Financing, Vendor’s Invoice discounting & Bill discounting.
10. Analyzing the Cash flow & Tax impact / viability of a Project based on Estimation and terms of Payment.
11. Periodically analyzing and reviewing the Working Capital so as to initiate timely corrective actions.
12. Periodical closure of books of Accounts and comparatively analyzing the figures / Ratios with historical figures / ratios.

 Served as an Audit & Taxation Assistant with M/s. Harish Hegde & Co., Chartered Accountants, Mumbai
 Tenure: September 2011 – August 2012

 Major Clients – M/s. Hindustan Organic Chemicals Ltd., Eros International Ltd.
 Application Software – Tally ERP, SAP BI.
 Reporting – Sr. Partner

 Task & Assignments –

1. Finalization of Accounts (P&L A/c. & Balance Sheet ) on behalf of clients as per Schedule VI of Companies Act.
2. Leading Audit teams for Income Tax Audits and drafting a report on the same as per Income Tax Act.
3. Leading Audit teams for Statutory Audit and drafting a report on the same as per Companies Act.
4. Conducting Sales Tax Audit as per M. Vat Act & C.S.T Act and drafting a report as per the provisions of the said Act.
5. Representing to tax Authorities ( Income Tax & Sales Tax ) & Tax Tribunals on behalf of clients.
6. Preparation of Projected & Provisional Accounts and liasoning with financial institutions for striking a fair deal as per the clients requirements.

Qualifications:
DEGREE YEAR UNIVERSITY
Bachelors in Commerce 2007 University of Mumbai
Masters in Commerce 2010 University of Mumbai

Professional Qualifications:
• Chartered Accountancy examination conducted by The Institute of Chartered Accountants of India.
 No. of Attempts - 2

• CMA, IMA
 No of Attempts: 1

Other Certification:
• Certified Course on IFRS – Earnest & Young, Bahrain.
• Certified Course on Trade Finance & UCP 600 – Bahrain Institute of Banking & Finance.

I.T. Skills & Qualifications:
• Operating knowledge of MS Excel, MS Word, MS Power Point, Tally-ERP & Oracle Systems.
• I.T Qualifications :
Certificates Board / Institute Year
Maharashtra State Certificate in Information Technology (MS-CIT) Maharashtra State Board of Technical Education, Mumbai 2004
Diploma in Information Technology J – Infotech Computer Education, Mumbai 2004

Personal Info & Traits:
1. Date of Birth: 28th March, 1987.
2. Nationality: Indian.
3. Driving License – Valid GCC License.
4. Languages Known: English, Hindi, Marathi, Kannada, Tulu
5. Hobbies: Reading Fiction / Current Affairs, Adventure, Biographies
6. Passion: Teaching / Mentoring, Learning Languages
7. Strength: Quick Grasp, Good Communication Skills, Excellent Analytical skills,