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Chartered Accountants: C.A.

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Name: Ashish Bhala

Career Objective

To make my career with an entity where my continued professional growth would be encouraged and challenging assignments can groom me for the general management position.

Educational Qualification

C.A. (Final) from ICAI in November 2005
C.A. (PE - II) from ICAI in May 2004
B.Com (Hons.) from Delhi University in 2003
Schooling from Nav Bharti Sr. Sec. School, Delhi under C.B.S.E

Employment History

Presently, I am associated with M/s. Bhala & Bhala, Chartered Accountants as a Partner since October 2006, a well known and growing chartered accountants firm. Here I am responsible for looking after all assignments, staffing on various assignments, meeting with the clients, giving the presentations, taking decisions over the issues arising in the assignments and all other day to day work ranging from maintaining client relations to undertaking work deliveries. This gave me a advanced practical knowledge in the field of accounting, auditing and consulting.

Prior to this, I was associated with M/s. Hewitt Associates (India) Pvt. Ltd., an Indian Subsidiary of Hewitt Associates, LLC a leading HR Consultancy Company having an annual revenue crossing $ 3.0 billions. I joined Hewitt as a Team Leader in Finance Department for its Billing, Accounts Receivable & Collection arm (i.e. Revenue and Receivables Management). I am responsible for besides normal accounts receivable and revenue control practices also for the related monthly reporting to management, Computing Project Profitability, Administrator of Time Recording and Controlling Software.

I started my career with M/s Lodha & Co., Chartered Accountants, New Delhi a leading top 5 Chartered Accountants firm in India and Completed article ship training for three years from July 2001 to July 2004. Before leaving the Lodha & Co. worked as paid assistant till March 2006. At Lodha & Co, I gained lot of knowledge in the field of audits (statutory, internal and tax), accounting, taxation (direct and indirect) and I also learned to work as a team member and team leader, dealing with the clients, etc.

Work Experience

Assisted my seniors / worked as a Team Leader w.r.t. work in areas / field like drafting Report of CARO 2003, notes on accounts, verification of transactions and balances for expression of opinion in accordance with the applicable accounting standards, analytical review of the financials, revenue and cost recognition.

Initial Implementation of Accounting Standards - 17 and 18 in J.K. Industries Limited and also prepared Cash Flow Statements in Merger and De-merger Financial Statements for J.K. Industries Limited and Jindal Stainless Limited.

Handled Capitalization of a Steel and Power Plant, situated at Orissa, Eastern Steels and Power Limited.

Statutory and Tax Audits:
Grasim Industries Limited,
Jindal Stainless Limited,
J.K. Industries Limited,
J.K. Corp Limited,
J.K. Paper Limited,
Bennett Coleman & Co. Limited,
Winsome Textile Industries Limited,
Polyplex Corporation Limited,
Caparo Maruti Limited,
Group Companies of Eldeco Infrastructure & Properties Limited

Review of Quarterly Results:
For almost all above auditee organizations

Internal Audits:
Sicpa India Limited,
Godfrey Phillips India Limited,
Mysore Cements Limited.

Revaluation of Fixed Assets:
J.K. Industries Limited for all its fixed assets lying at its manufacturing units at Banmore (M.P.) and Kankroli (Raj.) and other corporate fixed assets
J.K. Paper Limited for all fixed assets lying at its manufacturing unit at Rayagada (Orissa)
Role: Worked with technical valuer for arriving at the revalued figures of all the fixed assets.

Preparation of Merger and De-merger Schemes:
GCB Capital Finance Private Limited with Others;
Fortune Industrial Resources Limited with Others;
Role: Worked with the lawyers of the company for preparation of petition and other related aspects.

Implementation of Merger and De-merger Schemes:
J.K. Industries Limited with others,
Jindal Strips Limited with Others,
Jindal Stainless Limited with Others.
Role: Worked as Team Members for implementation of the schemes.

Also, I had hands on the incorporation of companies, preparation and filling/e-filling of e-T.D.S. / e-T.C.S. returns, income tax returns for corporate, individuals, HUF’s, etc., preparation and filling of appeals under the Income Tax Act, 1961, FBT Computation and registration of charitable trust U/s. 80G & 12A of the Income Tax Act, 1961.
This broad based experience has instilled in me the ability to plan and execute assignments / audits in accordance with relevant professional standards, meet objectives and deliver reports within the time constraints.

Work situations have helped me to integrate practical experience and theoretical knowledge and have led to the development of a strong professional foundation and analytical skills.

Computer Skills

Well versed in working with MS-Office, internet browsing and have exposure in SAP Based Auditing. Also possess working knowledge of various GUI based accounting packages such as Tally, etc.

Interests

Playing and Watching Cricket and Badminton, Cycling.

Extra-Curricular Activities

Participated in the N.C.C. Summer Camps from School,
Participated in various other Social Functions.

Personal

Date of Birth: October 29, 1982
Fathers Name: Mr. Jugal Kishore Bhala, Businessman



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