NITIN JAIN (ACA) Email: nitingodha99@gmail.com

GSM: +91 7303158370

A mature and enthusiastic Chartered Accountant with expertise on ERP.

Professional Outline

Assistant Manager – Internal AuditIpca Laboratories Ltd, Mumbai. (Since August 2011)Reporting to – GM, Internal Audit.

Job Responsibility Risk Assessment of various business processes. Designing standard operating procedures for financial transaction in various business verticals and

ensuring compliance with them. Conduct meetings/discussions with the auditee regarding the audit findings, its impact and

recommendations Draft and follow-up the audit report findings

Additional Responsibility Internal Auditor of Avik Pharmaceuticals Ltd.(Ipca - 49% stakeholder)

Major Assignment:-

International Audits

Colombia – Bogota (South America)- Audit of subsidiary company Ipca Colombia - Review of Statutory compliance – Income tax, Sales tax, Compliance with the social security / benefits of employees & Product registration.- Review of Insurance, Logistic, Debtors outstanding.- Review of Payroll, Administration & Marketing expenses.Peru – Lima (South America)- Audit of exclusive importer & distributor - Review of Statutory compliance – Income tax, Sales tax, Compliance with the social security / benefits of employees & Product registration.- Review of Insurance, Logistic, Debtors outstanding.- Review of payroll, promotional expenses, administrative exp, pricing fixation process, Control over inventory, Realization from customers.

InsuranceIdentification and mitigation of risks, Timely renewal of insurance policy, basis of arriving at Sum Insured (SI),Terms & conditions of policy, Intimation of additions / deletions of assets, monitoring & compliance of policy & Claim management process.

Scrap – disposalPreparation of standard list of scrap items & segregation process and comparison scrap rate across all manufacturing site and finalization scrap contract. Resulting into increase realization in crores rupees per annum

Civil – Project- Review of civil- Structure contract & raised debit note worth of ₹ 43 lakhs- Review of Consultant bill & raised debit note worth of ₹ 15 lakhs.- Review of HVAC Bills recovered ₹12 lakhs.

Purchase

Purchase procedure of cartridge which is used in 2D bar coding & find out same make cartridge is available less than ₹ 1400 pr cartridge from current price. Annual consumption was 4000 cartridge & saved ₹ 56 lakhs per annum.Review of other item like gasket & other engineering items & save ₹ 20 lakhs per annum.

Due diligenceAnalysis of balance sheet & ledger of target company. Valuation of fixed Assets, Statutory compliance including manufacturing license & manufacturing capacity of plant.

Budgeting Preparation of annual incentive budgeting (Incentive Schemes) for approx. 5000 field staff for 13 Sales Division

Statutory compliance

Review of statutory compliance of Ipca and group companies on quarterly basis

Areas Covered during AuditAccount & Finance Import payment process & finance charges. Advance to supplier, LC charges,

NEFT payment process, Vendor master, Domestic debtors – Formulations, Fast collection service (FAS) reconciliation process, Bank Reconciliation, Cash BookFixed Assets verification, IT Assets –computer & printer

Human Resource Training Record, Attendance record system, Leave record, Payroll, PF & ESI compliance, F&F (Full & Final) Process, Employee loan & Salary advance

Administration Security Service, Canteen Service, Housekeeping Service, Courier Service, Ambulance, Photo Copy machines, Vehicles & Guest House expense.

Engineering & Maintenance

Review of preventive maintenance record of plant & Machinery and equipment,Review of AMC (Annual maintenance contract), Review of Fabrication work recover around 20 lacs from various vendor

Stores Raw material, Packing material, Finished goods & Engineering Store & control over non moving inventory.

Production Review of production record, Review of Batch Size of all domestic product, Review of utilization of production capacity

MarketingReview of Field Staff expenses, Conveyance charges, Hotel charges, Pre audit of Incentives, Mobile exp, Data card, SRC Audit.Established control in Web interface system & atomization.

Depot AuditReview of Licenses, Sales tax returns & their assessment, Physical verification of stock, Storage, Depot expenses, outstanding and recovery process, Payment collection process, Review of credit Note, Debit note, control over expiry drugs & System control.

Quality Control Review of utilization of HPLC machine, Stability ChamberQuality Assurance Review of closure of Deviation, Market complains, Change control.

Articleship ExperienceUmaid balai & Associate and Mahendra Kothari & Co. Period: April 2007 to April 2010

Statutory audit including consolidation of accounts, Statutory compliance, cash flow, fixed assets, notes to accounts, physical verifications of stock and fixed assets

Checked VAT & Excise compliance & conducted VAT audit Assisting managers in major areas of tax audits mainly u/s 43B, 40(a) and fixed assets Represented the organization by handling assignments at individual level Statutory branch audit for major nationalized banks Internal audits Information Technology Completed the “COMPUTER TRAINING COURSE “in accordance with Chartered Accountants

Regulations, 1988 Proficiency in MS Excel, MS Word , MS PowerPoint Well verse with Various ERP software package.(SCM,MIS,ESP,FAS)

Educational Qualifications Chartered Accountant, The Institute of Chartered Accountants of India (ICAI), Nov 2010.

Passed both the groups of the CA PE II (Intermediate) Exam in single sitting. M.Com From MDS University Ajmer,2008 B.Com from M.D.S. University, Ajmer - 2006 H.S.C. from Rajasthan Board. - 2003

Additional Qualifications / Courses Diploma in pharmacy from B.N. College from Udaipur. Attend 3-Days DuPont Safety Observation Training. Attend seminar on corporate presentation skills organized by ICAI-MumbaiPersonal DetailsGender MaleDate of Birth June 16, 1986Nationality IndianLanguage Known English & HindiFather’s Name Mr. Nirmal Kumar Jain