Nabeel Sheikh

I served as the CFO at Tech Logic Solutions from Feb 2021 to Nov 2023. In this role, I achieved significant milestones, including: o Designed and implemented customized ERP-SAFASHA workflows as Implementation Manager. o Successfully managed a Rs. 1 billion bank finance portfolio, overseeing the restructuring of long-term loans. o Ensured timely repayment of principal and interest through effective Cash Flow Forecasting. o Spearheaded the preparation and filing of VAT Returns, Corporate Tax returns, and Partners Income Tax Returns. o Managed payroll processing in compliance with local regulations. o Oversaw daily crediting of IT Export proceeds from banks. o Successfully managed a Rs. 2 billion equity investment portfolio in PSX, achieving an impressive 35% average pay back. o Held responsibility for accurate bookkeeping across AR/AP/GL/FAR/HR and timely preparation of financials. o Collaborated with External Auditors for the audit of final accounts.

As the CFO at Acti Chem (Pvt) Ltd from Feb 2018 to Jan 2021, I played a pivotal role with diverse responsibilities: o Managed Running Finance (RF) of Rs. 500 million for working capital and Term Finance (TF) of Rs. 750 million for CAPEX, contributing to the expansion of the chemicals business. o Developed and executed financial models for strategic business planning, addressing market demands for newly required chemicals. o Efficiently managed working capital, reducing inventory by up to 30 days, and ensured timely imports to prevent shortages in the market. o Oversaw the importing of garment chemicals into the country. o Prepared management and final accounts for regulatory bodies. o Addressed VAT (Sales) and income tax notices with FBR, claiming input tax as required. o Evaluated chemical costing and collaborated with the sales team to determine competitive sales prices. o Responsible for the preparation and filing of Directors' Net Wealth VAT Returns and Income Tax returns. o Oversaw directors' foreign investments in stocks and various investment funds in the USA and UK

I have worked with “M/S Ambition Apparel (The Blue Jeans Company)”, as a Manager Internal Audit from September 07, 2015 to January 31, 2018. Reportable to CEO and Director, my job responsibilities include; Internal Audit • Verifications and approving of PO’s (Purchase Orders) relating to purchase of “Trims & Accessories”. • Verification of General Purchase for General Items. • Monitoring Gate activities in respect of physical arrival of Fabric, Chemical and General Items. • Daily Audit of day book of Ambition Apparel. • Audit of all banks on monthly basis. • Pre-Audit of payroll consisting of permanent employees and their increments as well deductions. • Pre-Audit of piece rate wages (PITS) according to the piece rates as approved by CEO/Director for each order. • To verify advance against salaries and advance against expenses. • Stock Take of Fabric, Chemical, Trims & Accessories and Export Leftovers on monthly basis. • Pre-Audit of Garments sold on order by order basis. • Preparing SOP’s as required by CEO/Director to strengthen the system of Internal Control. • To reconcile the party balances in GL. ERP Software • Planning and implementing a new EXA- ERP Software system. • Developing and Designing production modules. • Designing other forms for Accounts, Export and Marketing departments. • To co-ordinate with ERP Software team and make arrangements for them. Taxation • To prepare monthly sales tax return of Ambition Apparel. • To file electronically the sales tax return at FBR Portal. • To co-ordinate with sales tax consultant for refund of sales tax. • To prepare sales tax certificates & reconcile the discrepancies with vendors. • Responsible for calculations of taxes withheld of all payments including income and sale tax. • To prepare challan of income tax withheld of parties and employees. • To prepare certificates for income tax withheld certificates. Costing To prepare reverse costing of all orders manufactured and dispatched.

I have worked as an Assistant Manager Internal Audit at “Pak Qatar General Takaful Limited” from September 15, 2014 to September 03, 2015. Reportable to Head of Internal Audit and Job responsibilities include: • To ensure the smooth running and maintaining the system of internal control of different areas of Participant Takaful Policy. • To verify and post the claims lodged to the Takaful Company. • Claims include motor accidents, theft, snatching and fire. • To authorize Takaful claims for final settlement in Takaful Information Management System (TIMS) after due verification and audit. • To check and post the receipts of PMD’s. (Participants Membership Document) • To supervise receipting of contributions of Central Region. • To supervise MIS on receipts. • To monitor banks reconciliation.

Has worked as a Deputy Manager Accounts at “Paramount Spinning Mills Limited” from May 20, 2013 to September 13, 2014. (A project of “Gulistan Group of Companies”). Reportable to the Group CFO PSM. Under mentioned Job responsibilities also include to deal with and report to “Mian Abdul Shakoor” (the Chairman of Gulistan Group of Companies). • The maintenance and preparation of monthly, quarterly, semi-annually and yearly accounts. • To incorporate all manual data in accounting software. (“Pearl Solution”). • To prepare chart of accounts. • To code in accounting system all entries to generate report on a single click. • Book keeping • To deal with banks of small companies • To conduct the statutory audit for the year ended June 30, 2012 of under mentioned small companies. 1. Gulistan Corporation (Private) Limited. 2. Blessed Corporation (Private) Limited. 3. MRZ Corporation (Private) Limited. 4. Peridot Properties (Private) Limited. 5. Premier (Private) Limited. • To prepare wealth statements for all directors/spouses. • To prepare working for Income Tax Returns of directors/spouses. • To calculate tax liabilities for all directors/spouses. • To make arrangements for the formation of “Bismillah Trust”. • To follow up all transactions relating to small companies and Trust. • To deal with Brokers for sale and purchase of shares • To deal with CDC-Central Depository Company for transfer of shares from sub-account to investor account. • To deal with corporate matters and preparation of Minutes and Resolutions. • To correspond with SECP for proper documentation of small companies. • To prepare and consolidate unit and group accounts for management purpose only. • To prepare daily yarn production reports. • To prepare cheques pay order and Demand draft for routine transactions.

Worked as Manager Finance and Accounts at First IBL Modaraba (FIBLM) from August 29, 2011 to November 30, 2012. Reportable to Chief Operating Officer (COO) & Job descriptions were as follows: • To prepare monthly, quarterly, half yearly accounts of FIBLM/IBLMM and report to management. • To reconcile banks on daily basis. • To post daily transactions in computer software. • To prepare projected inflows and outflows of First IBL Modaraba. • To prepare and amend repayment schedule of different parties (Ijarah, Musharakah, Murabahah) • To make valuation for investment in shares held by First IBL Modaraba at Stock Exchange. • To make arrangements for statutory audit of FIBLM and IBLMM. • To make arrangements for SECP inspection. • To consolidate Trial of Registered and Head Office, and develop New and Improved Consolidated Chart of accounts for ALMANAC computerized accounting system. • To work on different modules of ALMANAC system, which include the following: o Accounting o Lease o Payroll o Fixed Asset Register • To prepare fixed assets register and coding them according to the management policies. • To draft minutes of meetings, board resolution and official letters. • To prepare job offer and contract letters of employees. • To report to Pakistan Bureau of Statistics about the financial position of Modaraba. • To attend Board Meetings and explain the financial position of Modaraba. • To prepare business plan reportable to SECP. • To prepare various reports as time to time ordered by SECP.

Has worked in as Manager Finance and Accounts at IBL Modaraba Management (Pvt.) Ltd. (IBLMM), the mangement company of FIBLM from August 29, 2011 to November 30, 2012. Job descriptions were as follows: • To prepare monthly, quarterly, half yearly accounts of IBLMM and report to management. • To reconcile banks on daily basis. • To post daily transactions in computer software. • To prepare projected inflows and outflows of First IBL Modaraba. • To make valuation for investment in shares held by First IBL Modaraba at Stock Exchange. • To make arrangements for statutory audit of IBLMM. • To consolidate Trial of Registered and Head Office, and develop New and Improved Consolidated Chart of accounts for ALMANAC computerized accounting system. • To work on different modules of ALMANAC system, which include the following: o Accounting o Payroll o Fixed Asset Register • To prepare fixed assets register and coding them according to the management policies. • To report to Pakistan Bureau of Statistics about the financial position of Modaraba.

Has worked as a Finance Manager at Noor Power (Pvt.) Ltd, From August 29, 2011 to July 31, 2012, a sister concern of IBL. Job descriptions were as follows: • Feasibility reports relating to Sukheki and Tremu Project • To maintain books of accounts • To prepare budgeted cash flows • To prepare forecasted Balance Sheet and Profit and Loss account.

Completed Training with RSRIR, Job Responsibilities to conduct audit of listed, unlisted, private companies, NGO's etc. Enganged in Quality Control Review (QCR) conducted by ICAP in 2007 and 2010. • Carried out audit planning, evaluation of control activities and audit of the financial statements in accordance with the International Standards on Auditing (ISA) and audit guidelines of Russell Bedford International. • Conducted evaluation of Internal Control Systems to identify deficiencies in the systems and suggesting remedial procedures through Internal Control Memorandum (management letter) to rectify the control weaknesses. • Assisted and recommended the clients of firm (RBI) on the significant accounting and reporting issues including recognition, measurement and de-recognition of financial assets and liabilities. Worked as a Job Incharge on following clients of Rahman Sarfaraz Rahim Iqbal Rafiq • First Elite Capital Modaraba • Kunjah Textiles Mills Limited • Bhimra Textile Mills (Private) Limited • Bhanero Energy Limited • Pharmax Pakistan (Private) Limited • Adamsoft International (Private) Limited • Pace Supermall (Private) Limited • Pace Woodland (Private) Limited • Sika International (Private) Limited • Community Support Concern • All Pakistan Music Conference Worked as team member on following clients of Rahman Sarfaraz Rahim Iqbal Rafiq • Saritow Spinning Mills Limited • Sally Textile Mills Limited • Acro Textile Mills Limited • Mayfair Limited