MOHIT MAGO

Company Overview: One of the leading exporters of Basmati rice from India to the USA, UK, Kingdom of Saudi Arabia, UAE, Iran, Iraq, Russia, Europe,Nigeria and Georgia—having manufacturing facilities in Haryana and Punjab, with the ability to produce 36 MT of rice per hour, Where scope of work includes:

• Improved oversight of receivables, payables, and audit processes for revenue and capital expenditures.
• Computed brokerage/discount adjustments for area sales managers, vendors, contractors, and Mandi arhatiyas.
• Ship freights of DD International P Ltd and of a wholly owned subsidiary (AMDD Foods Private Limited, Amritsar) as well.
• Assessed the effectiveness of internal controls to mitigate operational risks.
• Streamlined compliance checks with legal financial requirements across various taxation laws.
• Produced timely MIS reports for management review to facilitate informed decision-making.
• Finalized annual financial statements, ensuring accuracy and adherence to regulatory standards; validated accounting records, enhancing transparency in financial reporting practices.
• Assist in banking compliance, such as periodic stock audits and ASM's, and monthly stock statements.
• Verification and approval of domestic, as well as export, sales orders; purchase orders of raw materials, packing materials, and store items in ERP Infor LN UI software.
• Computation of accurate pricing of by-products, like husk, bran, considering the output of laboratory reports, oil content, quality checks, etc.

• Conducted an examination of internal control systems for adequacy and effectiveness.
• Reviewed the accuracy of accounting records and the reliability of financial reports, and ensured adherence to legal regulations covering finance, banking, and taxation laws.
• Oversaw finance department functions, and resolved routine operational issues.
• Prepared comprehensive reports for management review.
• Facilitated ongoing merger activities within the corporate group.
• Analyzed financial records to verify accuracy and completeness of information.

• Conducted statutory audits for various public sector banks since 2021.
• Performed concurrent audit for Canara Bank, Amritsar (2021-2023) and Bank of Baroda (2024-25).
• Executed stock and Receivables Audit for Punjab National Bank.
• Led internal audit operations for Shanker Prints, a textile group in Amritsar with turnover of approximately 3000 million INR since 2018.
• Managed income tax assessments, scrutiny cases, and provided consultancy on financing and investment decisions to high-net-worth individuals.
• Managed TDS reconciliations for Airport Authority of India at SGRDJ International Airport.
• Preparation of Certificates, Project Report CMA for Bank Financing.
• Preparation of Audit Plan & ensure completion of the same within the time.
• Accounting & Inventory management of Wholesale Pharma Distributors.