MUGDHA BUCHAKE
Chartered Accountant
Aligarh,Uttar Pradesh
Summary
Qualified Chartered Accountant (CA) as well as Cost Management Accountant (CMA) with over 10 plus years of post-qualification experience in Taxation, Finance, Audit and Accounts. Completed INDAS certification course in May 2018 of ICAI. Skilled at preparation of financial statements, handling Income Tax assessments, preparing MIS reports, tax working, etc. Proficient in managing day to day accounting functions in coordination with internal/external departments for smooth financial operations. Ability to grasp new concepts quickly and apply them in a productive manner.
Overview
10
10
years of professional experience
Work History
Senior Finance Manager
Pavna Industries Limited
6 2022 - Current
- Managing a team of 8 members and motivating them to deliver the results within time. Reporting directly to Managing director as well as CFO of the organization. Reviewing Day-to-day activities of accounts team and supporting in case of statutory compliance
- Implementation of ERP system with regards to Finance module for Pavna Group of Industries comprising 10 companies. Hands on experience in preparing masters for Finance department in ERP system. Successful execution of training to finance team. Implementation of Fixed Asset Register in the company
- Preparation of financials on monthly basis in IND AS format. All the statutory compliances were monitored and accounted for in monthly P&L. Cashflow was presented to management as and when required.
- Tax audit, statutory audit were efficiently handled. Quarterly submission of financials for listed company to SEBI. Manage and coordinate internal as well as statutory audit process every quarter.
- First time adoption of IND AS in current organization. Setting up processes and system for streamlining Finance department
- Budgets for Pavna Group we prepared and reviewed after a specific time period.
- Successfully co-ordinating with CS team, Merchant Bankers and Legal team for compliance with regards to Right Issue. Also have the experience for financial compliance of Follow-on Public Offer (FPO). Liaising with Merchant Bankers for requirements from Finance Team
- Preparation of Detailed project report, and other financial reports for bank submissions as well as documentation for availing loans
- For a short term basis, was also involved in costing of major items of the organisation
- Supporting CS team for compliances on regular basis for filing of XBRL, DPT-3, forms as and when required. All the financial compliances with respect to SEBI were co-ordinated in co-ordination with Company Secretary (CS)
- Reporting to CFO the areas for improvement and measures to control the system loops
- Involved in monthly meetings with Plant heads and participated in the discussion thereon.
Finance Manager
AVS International Private Limited
10.2020 - 05.2022
- Managing a team of 5 members and motivating them to deliver the results within time
- Monitor the day-to-day financial operations and approving the payments for the organisation after reviewing the same
- Payment of fixed charges as well as statutory compliance related payments was done on monthly basis
- Actively involved in accounts receivable department as funds had to be managed as per the working capital cycle
- Responsible for export related activities right from reviewing the documentation till receipt of foreign currency
- Ensure adherence to all project requirements and prepare all export documents within required timeframe and schedule efficient shipping activities
- Preparation of financial statements and closing of books of accounts for the year ended
- Co-ordinating with statutory auditors for finalisation of books
- Responsible for completing the tax audit of the company and generating the tax audit report in the required format
- Played role as internal auditor to stream line the processes of the company
- Preparation of project analysis, validation of plans, and ad-hoc requests. Was involved in preparing reports required for new projects. Preparation of documents for restructuring of loans taken by the company
- Filing of tenders for our products outside India. Renewals of various licenses was thoroughly scrutinised and timely renewals were carried out for the organisation to work smoothly
- Applications for trademarks and company logo were initiated. Preparations of agreements required for On-boarding of new clients was carried out at regular intervals
- Managing funds of the company, maintain investment record, allocating cash balances and preparing expense forecast for the management. Managing cash flows, borrowings, debt and capital management for the company.
Senior Executive
Sigma Electric Manufacturing Corporation Pvt. Ltd.
08.2018 - 08.2020
- Responsible for handling Income Tax assessments of the company and queries raised by the Income Tax department. Preparation of data to be represented to AO / CIT (A) / ITAT(A) and co-ordinating with representative authorities
- Accountable for Transfer Prices uploaded in the organisational system
- Quarterly evaluation of transfer pricing margins was represented to the Management along with a detailed analysis of the same. Accordingly the new margins were computed and revised transfer prices were updated in system. Preparing Master file and co-ordinating with the auditors for the same
- Handling Transfer Pricing audit and completing the work related to the audit
- Computation of Advance tax on quarterly basis and representing the workings to the management
- Assignment of tracking all the month closure activities and actively participating the completion of monthly financials
- Submitting monthly financials to the Management in Schedule VI format. Cashflow was presented to management as and when required
- Tax audit, statutory audit were efficiently handled. Transfer pricing audit was undertaken and co-ordinated with preparation of Master file as per the requirement of TP auditors
- Compliance regarding Department of Scientific and Industrial Research (DSIR) was ensured as the company was availing Research & Development benefit. Annual submission of DSIR was complied
- An extensive preparation was made for R&D renewal of recognition certification for the entity
- Assisted in various other activities like filing of Form 61A or application for Form 281, providing data in FFRB format, co-ordinating with auditors for filing of Form 35 etc.
Taxation & Compliance Officer
Wealth Manager (I) Pvt. Ltd.
11.2017 - 08.2024
- Responsible for Tax compliance of the company and matters related to System audit of the company
- Accountable for income & revenue tracking and handling tax related matters of four departments of the company on monthly basis
- Assignment of tracking all the revenue of a particular department since inception of that department and hence identifying the loops in the revenue leakages
- Reporting of Bank Reconciliations, company portfolio, Trade receivables on weekly basis
- Reviewing Balance Sheet and other Financial Statements of the company
- Also was involved in preparation of Portfolio Balancesheets of 200 plus clients
- Responsible for filing returns for taxes like GST, TDS and tax reporting to higher authorities
- Providing all the assistance in Income Tax scrutinise as well as SEBI audits
- Looking after tax related matters of the employees of the organization
- Assisting in Audit (Internal & Statutory Audit) and attending and resolving queries of the auditors; coordinating with auditors for tax related matters and queries.
Assistant Manager – Audit, Taxation & Reconciliation
Bavaria Motors Pvt. Ltd.
08.2015 - 10.2017
- Mentoring a team consisting of 8 members; managing the whole accounts team in absence of AGM Finance and motivating them to deliver the results within time
- Reviewing Balance Sheet and other Financial Statements
- Preparing month income statements for the management so as to decide the further stock purchase
- Accountable for checking books of accounts for all the locations and advising concerned authorities for correction/rectification of the same
- Keeping track of records and transactions for closing at month end
- Also involved in inventory tracking and stock check at year end
- Handling all tax related matters for entire Bavaria Group which includes head office and 5 branches
- Responsible for filing returns and payment of challan for various taxes like VAT, CST,Service Tax, TCS, LBT etc and tax reporting to higher authorities
- Looking after tax related matters of the employees of the organization and providing them suggestions for tax savings
- Working for scrutiny related matters as raised by government authorities
- Responsible for handling complete account reconciliation with core principal company – BMW India Pvt
- Ltd
- And BMW Financial Services along with other banks
- Assisting in Audit (Internal &Statutory Audit) and attending and resolving queries of the auditors; coordinating with auditors for tax related matters and queries
- Providing assistance to Company Secretary for filing reports like XBRL, resolutions, etc.
Education
Chartered Accountant (CA) - Finance & Accounting
Institute of Chartered Accountants of India
Pune, India 04.2001 -
Cost Accountant (CMA) - Costing
The Institute of Cost Management Accountant
Pune, India 04.2001 -
Skills
ERP system implementation at Pavna Industries Limited
Academics
11/01/14, 06/01/14, 2010, 2007, 2005
Areasofexposure
- Preparation of Financial Statements
- Direct Taxation
- Income tax Assessments and Scrutiny
- Statutory Audit, Internal Audit
- Transfer Pricing Audit
- Tax Audit
- Transfer Price analysis
- Operational accounting activities
- DSIR Compliance
- ERP system implementation
Personal Information
Date of Birth: 10/11/89
Timeline
Finance Manager
AVS International Private Limited
10.2020 - 05.2022
Senior Executive
Sigma Electric Manufacturing Corporation Pvt. Ltd.
08.2018 - 08.2020
Taxation & Compliance Officer
Wealth Manager (I) Pvt. Ltd.
11.2017 - 08.2024
Assistant Manager – Audit, Taxation & Reconciliation
Bavaria Motors Pvt. Ltd.
08.2015 - 10.2017
Chartered Accountant (CA) - Finance & Accounting
Institute of Chartered Accountants of India
04.2001 -
Cost Accountant (CMA) - Costing
The Institute of Cost Management Accountant
04.2001 -
Senior Finance Manager
Pavna Industries Limited
6 2022 - Current
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