JAINIK SHAH

Treasury & Capital Markets

• Reviewed treasury operations supporting borrowings exceeding ₹6,500 Crore for External Commercial Borrowings (ECB).
• Reviewed hedge accounting relating to Interest Rate Swaps (IRS) for whole +6500 Cr borrowing and foreign currency derivatives for management of interest rate and exchange rate risks 28 Million USD.
• Reviewed hedge accounting for interest rate swaps (IRS) on ₹6,500 Crore borrowing and foreign currency derivatives to manage interest rate and exchange rate risks totaling 28 million USD.
• Reviewed financing documentation relating to External Commercial Borrowings and treasury transactions.
• Evaluated treasury controls governing fund raising, deployment of borrowings and utilization of project funds.
• Evaluated treasury processes for drawdown, utilization, interest servicing, and reporting of borrowings to ensure compliance and efficiency.

Capital Structure & Financing

• Reviewed financing arrangements comprising term loans, External Commercial Borrowings and structured financing instruments.
• Obtained practical exposure to Compulsorily Convertible Debentures (CCD) 13,000 cr , Optionally Convertible Debentures (OCD) and perpetual securities 10,000 cr.
• Developed understanding of debt structuring and security mechanisms supporting large financing arrangements.

Investment & Liquidity Management

• Reviewed treasury investment governance for deployment of surplus funds across mutual funds, bonds, debentures and Alternative Investment Funds (AIFs) amounting to 1000cr.
• Obtained exposure to liquidity management strategies adopted by a leading FMCG company.
• Evaluated treasury approval processes relating to investments and financing decisions.

Working Capital & Banking

• Developed understanding of working capital financing mechanisms including Cash Credit, Overdraft and Working Capital Demand Loans.
• Reviewed financing documentation supporting trade finance facilities and working capital arrangements.

Capital Projects & Financial Reporting

• Reviewed capitalization of project expenditure for large infrastructure projects in accordance with Ind AS.
• Reviewed consolidation of multi-entity groups under Ind AS 110.
• Evaluated borrowing cost capitalization under Ind AS 23.
• Reviewed accounting treatment relating to treasury transactions, financial instruments and employee benefit obligations.

Business Impact

• Identified finance cost understatement of ₹12 Crore during statutory audit, contributing to accurate financial reporting.
• Identified revenue misstatement of ₹1 Crore during limited review engagement.

Financial Advisory

• Prepared valuation reports for business transactions, enhancing decision-making for stakeholders.
• Developed CMA reports with financial projections for working capital financing, facilitating bank approvals.

Audit & Advisory

• Independently managed audit engagements for companies with turnover exceeding ₹500 Crore.
• Led audit teams of up to six members across manufacturing, automobile and trading sectors.
• Executed Capex Audit, uncovering discrepancies of ₹18 Lakhs that informed financial rectifications.
• Automated Schedule III financial statement preparation, reducing reporting time by approximately 60%.
• Conducted Capex Audit identifying discrepancies amounting to ₹18 Lakhs.