Muhammad Yousuf Qureshi                                          

C/o. Mr. Sikandar: Flat No. 6 3rd Floor, Building No. 4-C, Street No. 12

Badar Commercial Area DHA-5

Karachi-75300, Pakistan.  Hello. Cell: (+92) 3313638017, 3343251717

+923313638017 whats app

E-mail: siryousuf99@yahoo.co.uk

             yousafkapoori@hotmail.com

 

Skype ID: Muhammad_yousuf_qureshi

 

Note: Please call in the course of cell phone, Skype or E: mail Correspondence

                     

Career Intention

Results-oriented leader with demonstrated ability to organize complex operating units. Effective communicator with all levels of staff and management. Proven tract record in transitional situation requiring vision, timely decision-making, and successful implementation. Achievement for entrepreneurial companies, in the areas of strategic planning, Auditing and business operations, project management, and financial management

Qualification

 

Professional:         2005         Chartered Accountancy -Qualified-ACA

Institute of Chartered Accountants of Pakistan

 

1996         Cost Management Accountancy -Qualified-ACMA

Institute of Cost & Management Accountants of Pakistan

 

2007         Corporate Secretary – Qualified- ACIS

Institute of Corporate Secretary of Pakistan

 

2014         Institute of Certified Internal Audit (CIA) Continue.

 

Academic:             1993          M. Com (Finance) with 1st Division (3.5 GPA) from

Karachi University -Pakistan

 

1991         B. Com with 2nd Division secured   (59.7%) from

Govt. Premier College Karachi

 

 

Organizational Experience:

 

OVERSEAS PROJECTS:

 

SWT Tanners Limited –Uganda (Kampala) June 9, 2015 to date (I am in Pakistan on 3- month leave)

SWT Tanners Ltd is a Group of Leather and Rice Industries around sub countries of Africa (Uganda, Kenya, Rwanda, Gambia, Kigali and Tanzania), was incorporated in Uganda in 1995, after it spend his business in Kenya, Rwanda, Gambia, Kigali and Tanzania. The Company encompasses unfinished leather in the name of wet blue and export around the world, processing capacity of 27000 Skins and Hides daily and secured Average 85%, throughout the season. The share of the company is quoted under Uganda Revenue Authority at Kampala City, Uganda, the company obtain 12.5% Profit Margin (3.181 Million US Dollar) in the year of 2016-17 with the sales of 25.45 Million US Dollar, the working capital and liquidity ratios always maintained by the company.  Company used Tally system for controlling of all financial events.

 

Group Financial Controller:

Report to Chairman/Management Committee.

• To Provide Controls on internal and external activities as well as business operations and financial movements.
• Supervised (Fin & Acc.) department and control all consequence in financial areas.
• Preparation Company Accounts, (Balance Sheet, Profit & Loss Account, Cash Flow and Change Capital Equities Schedule.
• Interpret company accounts with financial ratio’s
• Maintained daily cash flow for daily operation and other necessary disbursement.
• Responsible of fund arrangement from bank and customers.
• Correspondence with bank for loan and overdraft facilities, adjustment of wrong deduction, reduction in mark up and clearance of any discrepancy.
• Funded from bank
• Running finance & Cash Finance
• Demand Finance
• Fund from customers:
• Daily sales cash customers
• Advance against upcoming period production
• Proper monitoring of markup recording in the ledger on proper way with the reconciliation from bank statement and also follow up timely payment of loan Installment along with mark up.
• To provide technical aspects that how to controls internal systems? And right way of recording system.
• To investigate all internal transactions before executing for payments, Receipts or journal recording in control system
• To provide the awareness of IAS and IFRs and implemented the effected rules.
• Preparation of feasibility studies for financing arrangements with the financial institutions as per requirement of chairman.

Income Tax and Sales Tax

 

• Advisory to Accounts and Tex department on interpretational issues in the tax laws as per Uganda Revenue Authority.
• Review of VAT Return filling and claiming refunds/input before submit ion to Revenue Authority.

Corporate & Secretarial:

• To manage and scrutinize the all corporate credentials to proper files.

Al-Habasha Sugar Mills Plc. Ethiopia

 (3-Months Audit Program)

• To provide complete internal audit mechanism and also system generate of book keeping and financial impact to financial statements.
• Fixed assets transactions and capitalization impact
• Measurement and valuation of land and building
• Measurement and valuation of Biological Assets (Cane Crops)
• Investigates and scrutinized the major transactions of, (Capital Items Import, local Purchase, Operating expenses and Payroll system)
• To provide the awareness of IAS and IFRs and implemented the effected rules.
• To prepare financial Statements of the year ended June 2011.
• Prepared financial analysis components and sketch report on financial effects

 

Adam Sugar Mills Ltd-Pakistan October 30, 2007 to March 30, 2015

Adam Sugar Mills Ltd is a Single based sugar unit, was incorporated in Pakistan in 1965 in the name of Bhawalnagar sugar Mills ltd is a public ltd company in 1985.The Company encompasses crushing capacity of 7000 tons daily and secured Average 9.28 % Recovery, throughout the season. The share of the company is quoted on Karachi and Lahore stock exchange in the name of Adam Sugar Mills Ltd. The factory situated in Bhawalnagar –Chishtian , the company obtain 0.96% Profit Margin (30.377 Million)  in the year of 2013-14  with  the sales of 3.174 billion , the working capital and liquidity ratio’s always maintained by the company . 

 

 

Chief Financial Officer

 

RESPONSIBILITIES:

(Reported to Chairman & Director Finance)

• Overseen entire responsibilities of Chief Financial Officer.
• Supervised (Fin & Acc.) department and control all consequence in financial areas.
• Preparation Company Accounts, (Balance Sheet, Profit & Loss Account, Cash Flow and Change Capital Equities Schedule.
• Interpret company accounts with financial ratio’s
• Maintained daily cash flow for daily operation and other necessary disbursement.
• Responsible of fund arrangement from bank and customers.
• Correspondence with bank for loan and overdraft facilities, adjustment of wrong deduction, reduction in mark up and clearance of any discrepancy.
• Funded from bank
• Running finance & Cash Finance
• Demand Finance
• Fund from customers:
• Daily sales cash customers (Sugar and Molasses’s, etc.)
• Advance against upcoming period production of sugar
• Proper monitoring of markup recording in the ledger on proper way with the reconciliation from bank statement and also follow up timely payment of loan Installment along with mark up.
• Responsible for timely payment to Cane Growers, suppliers, market committee, statutory liabilities and workers payroll.
• Managed grower payment schedules with scrolls system and satisfy to growers in fluctuation rate and weight.
• Preparation of Final Accounts (Financial Statements), comprise notes in accordance with the International Accounting Standards & other statutory requirements & liaisons with Auditors in necessary Obligation of listed company.

 

• Daily Report to Chairman on following activities:

 

• Daily Cash flow
• Cane crushing
• Production & Recovery
• Molasses Production
• Sugar bags lifting
• Weighted average crushing rate.
• Store movements
• Daily Cost sheet and effective variance
• Daily Statutory Report for district DCO, DDR and Food Department.

 

• Prepared Budget and formulate the Cost control regions.
• Preparation of monthly Management Accounts, budget and Cost Variances report.
• Supervision of statutory Audit and internal controls affairs.
• Provided guidance and lessoning to staff regarding rules of GAAP, IFRS and IAS Standards

Income Tax

• Compliance with Tax department of various amendments brought about in tax laws by Finance act, Statutory Regulation Orders and comments thereon.
• Formulation of corporate and individual tax planning and strategy.
• E-Filing of Income tax returns (staff salaries, suppliers and others).

Sales Tax:

• Sales tax system evaluation under the sales tax Act 1990.
• Filing of returns with the Sales tax department.
• Input tax refunds/adjustments
• Registration and associate with collector on all pending issues.

Corporate & Secretarial:

• Incorporation of Companies.
• Corporate compliance and review of pending Issues.
• Annual Return, (Form A and Form 29, Form 21,S1)
• Compliance in good Association with SECP on corporate governance

 

Fateh Textile Mills Limited-Pakistan February 2005 to October 25, 2007

Fatah Textile Mills Ltd is the large textile composite unit in Textile sectors..

Fatah Textile Mills Ltd was incorporate in 1953 and listed with Karachi stock exchange 1962. The Group Engaged   Five large units which involve two units in Spinning, one unit in weaving and two units in Automobile.

The move up turnover related to Textile 5.809 Billion and Earning per share 86.55 which completely maintained.

CFO-Spinning Division

RESPONSIBILITIES:

(Reported to Managing Director)

• Governed responsibilities of Chief Financial Officer in Spinning Division.

Finance & Accounts:

• Supervised the entire areas of Accounts/ Finance department and controlled all consequence which matter of Business Operation activities.
• Maintained daily cash flow as prerequisite of daily operation and other necessary disbursement.
• Responsible of fund arrangement from bank and customers.
• Correspondence with bank for loan and overdraft facilities, finance against shipment, adjustment of wrong deduction, reduction in mark up and any discrepancy.
• Funded from bank
• Running finance & Cash Finance
• Demand Finance
• Export Refinance (Pre-Shipment and Post Shipment)
• Documents discounted (Export and Local L/C’s)
• Fund from customers:
• Daily local sales cash customers (yarn and waste)
• Credit customers as per aging
• Export proceeds.

 

• Proper monitoring of markup recording in the ledger on proper way with the reconciliation from bank statement and also follow up timely payment of loan Installment along with mark up.
• Responsible for timely payment to Cotton ginners, Growers and workers payroll
• Prepared Final Accounts (Profit & Loss and Balance Sheet) and comprises Notes under necessary obligation of listed company.
• Prepared financial analysis components and sketch report on financial effects,
• Evaluation of Cost Analysis on daily production and recommend Variances effect after CVP Analysis, Marginal & Absorption, Seasonal cost effects.
• Prepared feasibility reports and Project modeling appraisal on management stipulation.

 

Procurement and Production

• Responsible of Cotton Procurement from Ginner’s and Grower’s on credit aging basis.
• Arrangement of seasonal survey of (Cotton market, Yarn market & Cotton farm’s) with the team of (Marketing Manager, Cotton selector) before season start and high light the best area of procurement.
• Monitoring the arrival of cotton in shed with homogeneous measurement (Cotton specification and grading, strength, trash, fiber and other)
• Responsible of cotton issued for blow room with customary blended ratio of (mixing cotton ratio) for yarn production of 75/1, 60/1, 40/1, 30/1, 30/d, 20/1 and 20/d.
• Widened Yarn counts spin plane and weaving construction through weft and pick controlling in sense of modification in production and have power over in cotton procurement.
• An assortment of feasibility reports to Project Finance and Yarn spin plane
• Monitoring of entirely production unit from blow room to Drawing & Auto cone and examine the required production and yield with minimum wastages.
• Controlled and monitor all store item with monthly inventory reconciliation of major items and also order placed of very running & necessary item as well as paper cone, Polythene and polypropylene bags.

 

Sales & Marketing:

• Responsible of Yarn and waste sales to open market with the help of yarn broker’s as market based rate on cash and credit.
• Preparation and singed of sale Contract after rate finalization on mutual understanding with customers.
• Responsible of Export Sales under prescribe government allowed cotta on sight and 90 days LC’s.
• Quarterly Visit to state-run yarn market (Karachi, Faisalabad and Lahore) with marketing manager for getting awareness of market fluctuation
• Controlled all credit sales and bad debts as per company policy.

 

General:

• Provided guidance and lessoning to staff regarding rules of GAAP, IFRS and IAS Standards
• Watched over the essential areas of corporate affairs, Income tax and Sales tax.

 

 

 

Union Fabric (Pvt.) Limited – Pakistan   September 1995 to January 2005

Union Fabrics (Pvt.) Ltd. Is a large unit of  Textile Industries with the Group of Unions, the Unions Group is a prominent Textile(Sizing & Weaving) business which gather six Individual Unit where 5 Related to Textile and One of Confectionery Named Union Biscuit (Pvt.) Ltd

Production turnover of Union Fabrics (Pvt.) Ltd, Year 2004-05 in Meters 2.34 Million and Sales Turnover in Rupees 250 Millions, where 80% consist in  export and 20% local distribution.

 

CHIEF ACCOUNTANT

RESPONSIBILITIES:

(Reported to Managing Director)

• Supervised Accounting & Finance section and Prepared Final Accounts (P &L Accounts, Balance Sheet, Schedule Equity change, Fund flow, Financial Analysis and Related Notes).
• Supervised to Cost department and provide awareness of CVP Analysis, Activity Base Costing, Marginal & Absorption costing system, Break Even Points and Prepared Seasonal variations through graphically Approach.
• Developed and integrate existing online costing and cost management system in the factory of group integrated GL system with the help of concern personal at head office and factory after that supervised monthly audit scheme in factory (stocks and ledgers).
• Settlements of Taxation & Corporate matters…..

 

Articleship (March 1991 to May 1995)

March 1991 to May 1995       Associated with Hameed Chaudhri & Co, (Chartered Accountants- Lahore & Karachi), Affiliated with International Accountancy firm INPACT International Situated at Fareast Europe and America

 

Professional Career Highlights

During the tenure of my articleship, I had the opportunities to conduct, supervise and finalize the audits in public and private sectors and review of code of corporate governance compliance and related disclosures. Major sectors include:

Textile, Motors, Rubber, Export, Educational institutions, Trusts, Tanneries.

Gained extensive practical experience of:

• Preparation of financial statements in accordance with International Accounting

Standards, Local laws which applicable legislations and general practices in the relevant           industries

• Analysis of accounting and internal control systems.
• Monitoring budgetary control systems.
• Preparation of projected cash flows and other financial information.
• Review of internal control system study and implementations of management decisions.

 

 

            Key Audit Assignments

I had been involved in audit of Gulistan Textiles Mills Ltd. Paramount Spinning Mills Ltd Sapphire Weaving Mills Ltd, Gulshan Spinning Mills Ltd. Kohat Textile Mills Ltd, Gulistan Spinning Mills Ltd , Gulshan Weaving Mills Ltd, General Tyre, Honda Atlas Motors ,

 

Internal Audit & Consultancy

Involved in the system reviews and reporting on control weaknesses, and maintained the accounting records of the following organizations:

 

• Gulistan Textile Group of Companies (Assignment of store and inventory system)
• Sapphire Weaving Mills Ltd
• Honda Atlas Motors

 

 Taxation & Corporate Affairs

Computation of taxable income, preparation of income tax returns of individuals and corporate entities. Preparation and filing of quarterly and annual statements of tax deductions of various organizations under Income Tax Ordinance, 2001.

All matters related to Corporate Affairs under Company Ordinance 1984

 

Computer Skills

Oracle Financial 8i , ERP Management System,  MS  Office (All Applications) ,Tally software, Internet and a sugar software which designed  by a software company in the name of  Computer Information Services (CIS) (Pvt.) Ltd

 

 

 

 

Personal Information

Father’s Name                                      Muhammed Ashiq

National Identity & Card No.                 Pakistani-Karachi, NIC- 42101-0207735-1

Passport Number                                  CN4917352 Expiry on June 2019

Languages                                            Urdu, English,

Religious                                              Islam

Marital Status                                       Married

Health & Fitness                                   Excellent and no major decease or accident in past

Date of birth                                         October 19, 1966

 Reference

Working Ref:                                                              Non Working Ref:

Mr. Haroon                                                                Mr. Umair Bawani

Haroon Zakaria & Co.                                                  Friend, 03212999170

(Chartered Accountants)

Cell 03218291844

 

Mr. Muhammad Iqbal                                                Mr. Rehan,

Partner, Haroon Zakaria & Co.                                      Audit Manager, Shah & Co.

Chartered Accountants                                                  Chartered Accountants

Cell 03333287755                                                        03332797514

 

 

 Note: I would like to please reply through Cell phone, Skype ID or E: mail   Correspondence which mentioned on top of the Page.