Curriculum Vitae – Prakash Bhagat
CURRICULUM VITAE
Prakash BhagatCell : +91 7304843610 Email:
Summary & Objective
- 10 years of industry experience and 4 years in the role of Accounts and Finance Head, Branch Head
- Professional expertise in all aspects of manufacturing financials functions.
- Aspiring for a position to get specialized exposure to effectively carry out all financial functions, given independent responsibilities to utilize my talents and skills.
- Implemented skills of data gathering and analyzing, ability of report generation based on the information received, timely and accurately
- To become a successful professional in an innovative and competitive environment, to explore and realize self potential
Education & Professional Qualifications
Intermediate form The Institute of Chartered Accountants of India (November, 2002)
Bachelor of Commerce (Hons.) fromUniversity of Calcutta (2000)
Higher Secondary from West Bengal Council of Higher Secondary Education (1997)
Schooling fromWest Bengal Board of Secondary Education (1995)
Career Profile
Amtek Auto Ltd., Pune
Asst. Manager – Accounts (July, 2013 to till date) (December, 2010 till date)
Amtek Auto Limited is one of the largest integrated automotive component manufacturers in India with a strong global presence. Amtek Auto has significant expertise in forging, grey and ductile iron casting, gravity and high-pressure aluminum die casting and machining and sub-assembly. The company also manufactures components for non-auto sectors such as the railways, specialty vehicles, aerospace, agricultural and heavy earth moving equipment.
Significant Accountabilities
Preparation and finalisation of annual financial statements in consonance with the applicable accounting standards along with half yearly, quarterly and monthly financial statements
Preparation of MIS & MRM reports, one pager report, daily cash flow and profitability statement
Scrutiny of the general ledger, debtors ledger and creditors ledgers
Verification & maintenance of Fixed Assets Register
System audit & development
Variance Analysis of Standard vs Budget vs Actual
Calculation of Break-even-point and Margin of Safety
Preparation of Loss Funding Request for working capital requirement to Corporate Office
Preparation and payment of monthly TDS liability and preparation of returns
Preparing tax audit data required by auditor
Monthly checking of CENVAT register and duty liability working
Preparing for monthly VAT returns and VAT Audit and VAT assessments
Accounting for Sales, Purchases & Journals (Accounts Receivable & Payable)
Preparation & controlling of Capex requests and payments
Reconciliation of accounts of customers, suppliers, branch and bank
PCP Auto Interiors Pvt. Ltd. (sister concern of Paracoat Products Ltd.)
Manager – Accounts (December, 2010 to June, 2013) (December, 2010 till date)
The company is an ISO/TS 16949, certified company, manufacturer of automobile parts (carpets, insulation, heat shield, aluminum pipe, door membrane). Major clients are Fiat India Automobiles Pvt. Ltd., Tata Motors Ltd., Mahindra & Mahindra, Varroc Polymers Pvt. Ltd. & General Motors India Pvt. Ltd.
Significant Accountabilities
Preparation and finalisation of annual financial statements in consonance with the applicable accounting standards along with half yearly, quarterly and monthly financial statements
Handled statutory and internal audit, excise & VAT audit, bank audit
Accounting for Sales, Purchases & Journals (Accounts Receivable & Payable)
Preparation of Monthly Budgeted Cash Flow and Daily Cash Flow
Bill of Material, Landed cost of material
Scrutiny of the general ledger, debtors ledger and creditors ledgers
Passing of suppliers invoices
Excise and VAT reconciliation
Reconciliation of accounts of customers, suppliers, branch and bank
Responsible for generating and compilation of various types of MIS reports from Tally as required by the management
Deduction & payment of TDS
Preparation of VAT, excise and TDS return
Assessment under MVAT Act and Income Tax Act
Using SAP SRM Module for generate GRN reports, debit note report, bill status etc
Preparation of Salary Sheet, Form 16 etc.
Day to day banking transactions including LC’s
Implemented system of book-keeping as & where required.
Also looking after the accounting affairs of Paracoat Products Ltd., Pune, Sanand and Halol till finalization of accounts.
Paracoat Products Ltd., Halol
Branch Manager – Accounts (November, 2007 to November, 2010) (December, 2010 till date)
The company was having depot in Halol for General Motors India Pvt. Ltd. and Tata Motors Ltd., Sanand. I independently handled the development work of Sanand Factory including registration of Excise and Factories Act.
Significant Accountabilities
Preparation & finalisation of annual accounts in consonance with the applicable accounting standards
Scrutiny of the general ledger, debtors ledger and creditors ledgers
Excise and VAT reconciliation
Reconciliation of accounts of customers, branch and bank
Preparation of MIS reports
Preparation of VAT and excise return
Using SAP SRM Module for generate GRN reports, debit note report, bill status etc
Implemented accounting system in Tally and system of book-keeping.
Inventory Accounting
Scheduling for stock transfer from branches considering stock level
JIT supply planning
Physical stock verification, leveling of stock mismatch for Halol and Pune depots and Nasik.
Mark Splendor Pvt.Ltd., Bhiwadi
Representative of Paracoat Products Ltd. (September, 2007 to October, 2010) (December, 2010 till date)
The Paracoat Products Ltd., was having 2/3rd share in MSPL, manufacturer of resin felt. I was responsible for day to day accounting, book-keeping, preparing cost – sheet, acquiring production data and issue of raw-material, calculation of production loss, preparing report of PIPR, excise return.
Paracoat Products Ltd., Kolkata
Sr. Accounts Executive (March, 2007 to August, 2007) (December, 2010 till date) (March, 2007 to September, 2007)
The company is leading manufacturer of auto mobile parts (insulations, sound deadeners, carpet, EPP parts, and other customized interior & exterior auto accessories). The company is an ISO / TS 16949 & ISO 14001 Certified Company with an annual turnover of 120 crores.
Significant Accountabilities
Checking and scrutiny of day to day accounting of Head Office and other group companies and firms
Deduction and payment of TDS and filing its return
Reconciliation of accounts of customers, branch and bank
Preparation of MIS reports
Statutory compliance i.e. drafting and maintenance of minutes of the board and annual meeting, filling and filing of various ROC forms, maintenance of required ROC registers as Registers of Members’, Shareholders’ and Transfer of share.
Accounting and Income tax work of Individuals.
Jai Raj Ispat Ltd., Kolkata
Sr. Accounts Executive (October, 2004 to February, 2007) (December, 2010 till date) (March, 2007 to September, 2007)
The company is manufacturer of ingots and TMT bars with an annual turnover of 150 crores having factory in Hyderabad.
Significant Accountabilities
Responsible for day to day accounting of Head Office and other group companies, firms and individuals
Deduction and payment of TDS and filing its return
Reconciliation of accounts of branch and bank
Accounting and Income tax work of Individuals.
Finalization of accounts of group companies and individuals with preparation and filing of Income Tax Return
Statutory compliance i.e. drafting and maintenance of minutes of the board and annual meeting, filling and filing of various ROC forms, maintenance of required ROC registers as Registers of Members’, Shareholders’ and Transfer of share.
B.P.Satnalika & Co., Kolkata as Articled Assistant and Audit Assistant
(September, 1999 to July, 2003)
Significant Accountabilities
Executed internal, statutory and tax audits of companies and firms manufacturing Ingot and TMT bars, chemicals, service sector.
Preparation and filing of Income Tax return of Individuals
Preparation and filing of Annual Returns, Assessment documents under Income tax Act.
Other Work Experience
Experienced stock market as a sub-broker. I maintained the portfolio of clients suggesting the investment in IPO’s, mutual fund, tax saving funds and secondary market investment.
Provided tuitions to the students of Cambridge University.
Computer Skills
Working knowledge of ERP (PC Soft), Tally, and other accounting software, MS Office components (MS Excel, MS Word) and familiar with Internet.
Personal Profile
Father’s Name: Sri Rajendra Kumar Bhagat
Present Address:P-2, Vishal Garden, Chakan Sikrapur RoadChakan, Pune – 410501.
Date of Birth: December 10, 1976
Gender:Male
Marital Status:Married
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