Kamal Jhakal

Profile Synopsis

Summary: INDICAA GROUP LIMITED, Dubai, U.A.E
(Involved in the business of Trading Containerised Metal Scrap from Africa & Europe to Far East & South East Asia)

HEAD – FINANCE, ACCOUNTS & ADMINISTRATION - DURBAN, SOUTH AFRICA (INDICAA GROUP LIMITED, Dubai, U.A.E)
From April’09
 Durban being the business centre of our company’s South African operations, the entire range of Banking, Statutory & Secretarial Work is being handled.
 Handling Corporate Business Banking presently dealing with NED Bank Ltd & HBZ Bank Ltd. The entire Corporate Banking of South Africa is being concentrated at Durban viz Asset Financing, Document Processing etc.
 Dealing with PWC, South Africa who are the Statutory Auditors as well as Consultants for Tax & Secretarial Matters of the Company’s South African Operations.
 Responsible for overall financial management of the branch viz determination of fund requirement that to be remitted HO Dubai.
 Lodging BOE & OBLs with Bank for calling sales proceed (Export Documents).
 Responsible for overall administration of the branch.
 Responsible for setting up of policies related to the branch.
 Dealing with Transnet & Shipping Lines.
 Looking after departmental scrutiny (SARS).
 Overall supervision of accounts.
 Visa Management for entire staff working in South Africa.
 Budget preparation & MIS finalization.

REGIONAL FINANCE CONTROLLER – SOUTH AFRICA & MOZAMBIQUE – POSTED AT UAE (INDICAA GROUP LIMITED, Dubai, U.A.E)
Jan’09 – April’09
 Remote control over branch operations.
 Multi currency accounting supervision at UAE Office.
 Acting as a bridge between CMG & Branch.
 Verification of Branch Overhead Budget.
 Analysis of Overhead Variance.
 Verification of Container Costing as well as Yard Costing (wherever company is having its own yard).
 Analysis of Over & Under Absorption of Cost.
 Providing Management with weekly Financial Exposure of Branch.
 Verification & Payment Authorisation of Containers procured on FOB Basis.

HEAD MOZAMBIQUE – FINANCE, ACCOUNTS & ADMINISTRATION (INDICAA GROUP LIMITED, Dubai, U.A.E)
(Mozambique Region – Maputo)
Aug’08 – Dec’08
(On deputation for 6 months, holding ICT Work Permit of South Africa & Business Visa of Mozambique)
 Heading finance, accounts & administration department for the entire Mozambique Region consisting of Maputo, Beira & Nacala.
 Managing entire banking operations of the country particularly dealing with Standard Bank & Barclays Bank.
 Fixation of exchange rate with local money exchangers (called Cambios) for exchanging US Dollars into local currency for miscellaneous cash requirements. Managing a portfolio of 3-4 Cambios for better exchange rate bargain.
 Assessment of fund requirement for the entire country & arrangement of the same through HO Dubai.
 Assisting local consultant for local government finance department issue as submission of accounts & various tax returns.

ASSISTANT MANAGER (INDICAA GROUP LIMITED, Dubai, U.A.E)
(Branch – Johannesburg, South Africa)
Nov’07 – July’08
 Responsible for overall financial management of the branch viz determination of fund requirement that to be remitted HO Dubai.
 Managing the entire Bank Accounts ZAR as well as USD, dealing with Bank Officials maintaining business relations with them.
 Supervision of daily payments to various Suppliers & Service Providers & ensuring that there is no double payment.
 Responsible for overall administration of the branch.
 Responsible for setting up of policies related to the branch.
 Finalization of monthly MIS report.
 Ensuring timely completion of data entry and preparation of weekly MIS report.

JHAKAL & COMPANY, Chartered Accountants, Kota, Rajasthan
Oct’ 06 – Oct’07

PARTNER
 Audit of the Office of the Chief Medical & Health Officer for the purpose of the ‘PULSE POLIO’ programme in Kota District (Dated: 09.04.2006 & 21.05.2006)
 Audit of the Tax Bar Association, Kota for the financial year 2006 – 07.
 Asset Verification of Umed Bhawan Palace, A Welcom Heritage Hotel, Kota, Rajasthan managed by ITC Limited (Hotel Division) for the year 2006 – 07.
 Revenue Audit of Central Bank of India, Branch – Ganesh Nagar, Udaipur, Rajasthan foe the period 01.01.2006 to 31.12.2006.
 Formation of Private Limited Companies at ROC Jaipur and Secretarial Work regarding company law matters.
 Audit of secondary & senior secondary schools.
 The arrangement has been made with 3 senior advocates of the city dealing in the tax practice for the Tax Audit & State Level VAT Audit assignments for the financial year 2006 – 07.
 Dealing in the personal loan consultancy for soliciting personal loans from ICICI Bank, HDFC Bank, Kotak Mahindra Bank, GE Money & Citi Financial.
 Currently practicing in company law matters, income tax matters, service tax matters & bank finance matters.


VINOD REKHA & COMPANY, Chartered Accountants, Kota, Rajasthan
January’ 06 – Sep’06

PARTNER
 Statutory Audit of Public Sector Undertaking, appointment through the Office of the Comptroller & Auditor General of India as the Statutory Auditor of Divisional Office of the Oriental Insurance Company Limited & the New India Assurance Company Limited. (For the F/Y 2005-06)
 Statutory Audit of Public Sector Bank – The Bank of Rajasthan Limited, Branches – Shri Ram Nagar, Kota, Subzi Mandi, Kota & Lakheri, Kota. (For the F/Y 2005-06)
 Statutory Audit of Regional Rural Bank – Hadoti Keshtriya Gramin Bank Limited, 16 Branches of Kota & Baran Districts of Rajasthan. (For the F/Y 2005-06)
 Concurrent Audit of Nationalised Bank – Central Bank of India, Branch – GPC, Kota. (Period 01.12.2005 to 31.12.2006) & Bank of Maharashtra, Branch – Kota. (Period 01.04.2006 to 31.03.2007)
 Revenue Audit of Nationalised Bank – Oriental Bank of Commerce, Branches – Khadi Board, Jaipur & Alok School, Hiranmagri, Udaipur. (For the period 01.01.2005 to 31.12.2005)
 Statutory Audit of Companies.
 Internal Audit.
 Secretarial Work and Company Law Matters.
 Service Tax related cases.
 Income Tax and VAT Act matters.

JHAKAL & COMPANY, Chartered Accountants, Kota, Rajasthan

September’ 05 – December’ 05

PROPRIETOR
 Handled various Tax Audit Assignments.
 Audit Assignments of Statutory Audit of Companies.
 Preparation of CMA data for bank limit.


SHARMA ASHISH & ASSOCIATES, Chartered Accountants, Kota, Rajasthan

January’ 05 – July’ 05

Acted as CONCURRENT AUDITOR of The Bank of Rajasthan Limited, Regional Office, Kota

 Monitoring of terms and conditions regarding sanctioning of Loans, Advances and CC Limits. Ascertaining whether the credit department is correctly following the rules and regulations of the bank in issuing these sanctions.
 Verify the viability of the business proposals using the Balance Sheets and annual reports submitted by the customers.
 NPA reporting to the central office.

SHARMA ASHISH & ASSOCIATES, Chartered Accountants, Kota, Rajasthan

June’ 03 – Dec’ 04

AUDIT ASSISTANT
 Tax Audits of firms, companies etc.
 Statutory/Concurrent/Revenue Audit of Banks.
 Assignments of Statutory Audit of Companies.
 Taxation Work related to Income Tax & Sales Tax.
ARTICLESHIP
Articleship under Mr. Ashish Sharma FCA, Partner Sharma Ashish & Associates, Chartered Accountants, Kota a firm largely involved in auditing, taxation, raid cases of income tax department, accounting functions, consultancy in better business practices, project reporting, project finance sources.

As a part of the team experience on following functions was gained:

• Tax Audit of firms & companies, finalization of annual financial statements.
• Investigation Audit of accounts with suspicion of fraud & error.
• Statutory/Concurrent/Revenue Audit of Banking Companies.
• Audit of Cooperative Society, Trust, School and preparation of Income Statements.
• Computations of income tax of individuals, Hindu undivided families (HUF), firms & companies, preparation and filling of returns, block returns.
• Computation of TDS, preparation and filling of e-TDS returns and preparation of TDS certificates. Preparation and filling of PAN, TAN and Rectification Applications.
• Assistance in assessment and tax avoidance methodologies..

What do I have to offer (Haves): Experience in International Trade..

What do I seek (Wants):  Position in Finance Function in close proximity with Top Management..

Kamal Jhakal's Profile Overview

Current Company Deputy Manager Finance - Overseas Operations at Met Trade India Ltd
Industry : Manufacturing/Industrial
Department: Accounts / Finance, from Mar 2010 till now

Past Company Departmental Head at Branch Level at Indicaa Group Limted
Department: Accounts / Finance, from from Nov 2007 till Feb 2010

Job Description :  Durban being the business centre of our company’s South African operations, the entire range of Banking, Statutory & Secretarial Work is being handled.
 Handling Corporate Business Banking presently dealing with NED Bank Ltd & HBZ Bank Ltd. The entire Corporate Banking of South Africa is being concentrated at Durban viz Asset Financing, Document Processing etc.
 Dealing with PWC, South Africa who are the Statutory Auditors as well as Consultants for Tax & Secretarial Matters of the Company’s South African Operations.
 Responsible for overall financial management of the branch viz determination of fund requirement that to be remitted HO Dubai.
 Lodging BOE & OBLs with Bank for calling sales proceed (Export Documents).
 Responsible for overall administration of the branch.
 Responsible for setting up of policies related to the branch.
 Dealing with Transnet & Shipping Lines.
 Looking after departmental scrutiny (SARS).
 Overall supervision of accounts.
 Visa Management for entire staff working in South Africa.
 Budget preparation & MIS finalization.
. Partner at Jhakal & Company, Chartered Accountants
Department: Operations, from from Oct 2006 till Oct 2007

Job Description :  Audit of the Office of the Chief Medical & Health Officer for the purpose of the ‘PULSE POLIO’ programme in Kota District (Dated: 09.04.2006 & 21.05.2006)
 Audit of the Tax Bar Association, Kota for the financial year 2006 – 07.
 Asset Verification of Umed Bhawan Palace, A Welcom Heritage Hotel, Kota, Rajasthan managed by ITC Limited (Hotel Division) for the year 2006 – 07.
 Revenue Audit of Central Bank of India, Branch – Ganesh Nagar, Udaipur, Rajasthan foe the period 01.01.2006 to 31.12.2006.
 Formation of Private Limited Companies at ROC Jaipur and Secretarial Work regarding company law matters.
 Audit of secondary & senior secondary schools.
 The arrangement has been made with 3 senior advocates of the city dealing in the tax practice for the Tax Audit & State Level VAT Audit assignments for the financial year 2006 – 07.
 Dealing in the personal loan consultancy for soliciting personal loans from ICICI Bank, HDFC Bank, Kotak Mahindra Bank, GE Money & Citi Financial.
 Currently practicing in company law matters, income tax matters, service tax matters & bank finance matters.
.

Educational Information CA at The Institute of Chartered Accountants of India ( ICAI )
from Sep 1999 till Jan 2005

Kamal Jhakal's Additional information

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Kamal Jhakal's Personal Details

Gender:Male

Interest:Meeting New People, Getting involved into new business area, Adaption of Change