Ankit Chhag
Miraroad East
Summary
Analytical, energetic, and detail-oriented CA Inter (Pursuing CPA) with good experience in Accounting & Bookkeeping, Account finalization, Tax Accounting, Direct & Indirect taxation, Auditing and US Accounting & Taxation.
Overview
11
11
years of professional experience
Work History
Analyst
India Ratings
Mumbai
07.2023 - Current
- Financial Analysis of the corporate borrowers acquired by the ARC
- Financial and cashflow forecast for determining the available cashflow for debt servicing
- Valuation of the Company if the recovery strategy of the ARC to sale the Company as going concern
- Pool level financial and cashflow analysis if multiple corporate accounts are acquired
Analyst
CRISIL Limited
Mumbai
06.2022 - 07.2023
- Financial due diligence of the SME Companies
- Dealer evaluation projects of Hyundai, Tata Motors, Royal Enfield and Ather energy
- Which includes, over all financial analysis, profitability analysis and Liquidity analysis
- Profitability analysis of the dealerships of the Daimler India (Bharat Benz)
- Preparing and presenting risk profiling reports of the customers of CITI Bank which includes analysis of statutory compliance analysis of CRILC report, financial analysis, and analysis of Business profile
Financial Analyst
Haribhakti Business Services
Mumbai
08.2021 - 06.2022
- Independently handled, credit monitoring projects of large corporate borrowers of the nationalized banks
- Analysis of the financial statements of the monitored entities on a monthly and quarterly basis
- Analysis of the financial performance on a quarterly basis and determining drawing adequacy of the drawing power of the fund based working capital facility
- Preparing and presenting the overall report and opinion based on the analysis of the Quarterly financial statements
- Conducted Pre audit of large corporates on behalf of Banks
- Periodic visit to Production Plant & Manufacturing units for the purpose of Inspection of Actual plant activity & verification of physical internal controls
- Verification of movements of stock and Book debts and other current assets
- Evaluation of adequacy of Drawing power and recalculation of drawing power as per terms of Sanction letter
- Scrutiny of Related party transactions
- Monitoring of transactions for the purpose of diversion or siphoning of funds to unrelated business
- Evaluation of Cash flow adequacy vis-à-vis debt obligations
- Opinion of overall assessment of health of account and likely performance over short to medium term
Account Executive
Virtual Accounting
Ahmedabad
06.2020 - 08.2021
- Recording reviewing journal entries in the QB/Xero and reconciling them with the appropriate categorization in compliance with GAAP and internal policies of the business
- Tax accounting for the US based small businesses
- Managing Accounts Payable and Accounts Receivable (AP& AR) of the US based businesses
- Ensuring properly recording bills and invoices of the vendors and customers and review and reconcile variance if any
- Ensuring timely payment of the accounts payable and reminders for the accounts receivable
- Preparing and presenting monthly management report for business owners and assisting them to addressing the identified issues
- Communicating with US office for required data for accounting
- Reconciliation of Bank Checking account and Credit card transactions
Article Assistant
Bharti & Asso.
Bandra
12.2017 - 12.2019
- Accounting and periodical tax compliance of the small businesses
- Helped clients for transition from the old indirect tax regime to new GST regime
- Filing of periodical (Monthly or Quarterly) VAT/GST returns of the allocated client portfolio in timely manner
- Provided consultation for the income tax planning for the year
- Guided clients for Advance tax and TDS matters
- Prepared and filed income tax returns for Companies, Firms, Individuals, and other entities
Article Assistant
Lakhani & Co. LLP
Fort
12.2016 - 12.2017
- Statutory audits of the Private and Publicly listed Companies
- Tax audits of the Private and Publicly listed Companies
- Vouching and verification of the accounting records to ensure compliance with various statutory requirements
- Finalization of the financial reports and Audit forms in accordance with the requirement of statutory and tax audit laws
Assistant
GSV & Co.
Andheri
01.2014 - 07.2016
- Independently handling Account writing and balance sheet finalization of the allocated clients
- Monthly and quarterly filing of Indirect taxation returns of the clients
- Involved in Statutory and Income Tax audit of the clients
- Independently handling Concurrent audit assignments of the Bank branches
- Worked on the internal audit project of the large corporation along with the audit team
Education
Research Analyst Certification - NISM Series XV
NISM
07-2022
CA Inter - Not Pursuing
Institute of Chartered Accountants of India
01.2021
Bachelor of Commerce -
L.S. Raheja College
04.2017
Skills
- Book keeping
- Direct Taxation
- Indirect Taxation
- Statutory Audit
- Internal Audit
- Indian Accounting
- US Accounting & Taxation
- Tally ERP
- Quickbooks (Desktop & Online)
- Xero
- Zoho Books
- Sage50 Premium
- MS Office
- Drake 2019
Timeline
Analyst
India Ratings
07.2023 - Current
Analyst
CRISIL Limited
06.2022 - 07.2023
Financial Analyst
Haribhakti Business Services
08.2021 - 06.2022
Account Executive
Virtual Accounting
06.2020 - 08.2021
Article Assistant
Bharti & Asso.
12.2017 - 12.2019
Article Assistant
Lakhani & Co. LLP
12.2016 - 12.2017
Assistant
GSV & Co.
01.2014 - 07.2016
Research Analyst Certification - NISM Series XV
NISM
CA Inter - Not Pursuing
Institute of Chartered Accountants of India
Bachelor of Commerce -
L.S. Raheja College
Similar Profiles
Abhishek KaralkarAbhishek Karalkar
Assistant Manager at India Ratings & Research Pvt LtdAssistant Manager at India Ratings & Research Pvt Ltd
RISHABH JAINRISHABH JAIN
Associate Director – Global Infrastructure Group at India Ratings & Research - Credit Rating AgencyAssociate Director – Global Infrastructure Group at India Ratings & Research - Credit Rating Agency
Sagar DesaiSagar Desai
Senior Analyst at India Ratings & Research Pvt LtdSenior Analyst at India Ratings & Research Pvt Ltd