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    Published On : Mon, Dec 30th, 2019
    Business News | By Nagpur Today Nagpur News

    Role of CAs is vital in evaluation of projects-CA. Julfesh Shah

    SPREADING the knowledge & practical experience of project finance at the ICAI Bhawan, Senior CA. Julfesh Shah, Member of Committee on Management Accounting , ICAI, New Delhi, the Chief Guest and speaker of the full day seminar on Project Finance organized by Nagpur Branch of WIRC of ICAI, said finance is the life blood of any business organization and the Role of CAs is vital in evaluation of projects at all stages.

    He added that the CAs are not only assisting in identification of projects but also they carried out technical, financial, and commercial feasibility. He further added that CAs are masters in preparation of detailed project report and guide in selection of optimal capital structure. He highlighted the role of CAs in the analytical procedures, appraisal of Financial Projections and selection of best sources of finance.

    He guided on the preparation of project report and important aspects with respects to projects such as estimation of profitability, projected balance sheet, viability of projects and economic benefits. Also he guided on details to be furnished while submitting application on financial assistance and project appraisal covering the determination of project cost. He discussed the schemes of finance. All the above work is possible only with the support of CAs & during the implementation of the project CA act as a Lender Independent Engineer he said.

    He further appreciated the innovative multi- programmes organized & conducted by the Nagpur Branch of ICAI for the benefits of Members in Practice as well as in Industry.. He wished the branch, for the best branch award at India level like achieved in earlier years. He appealed the participants to adopt the new things and to use the latest technologies for easy of doing project financing work.

    Earlier, Chairman of Nagpur Branch of ICAI, CA. Suren Duragkar shared that now a days as merging has happened with nationalized banks in our country, we have to equip ourselves with latest guidelines and procedures of all Banks. He further stated that, we should find opportunities with the changes taking place in Banking sector. Chairman said that the finance is must for every business and only CAs can plan adequately for the finance. He further said, the project financing is the core area of our practice, through which we help the trade & industry to establish their business smoothly. He urged the members to take maximum benefit of the knowledge & experience of the speakers.

    CA. Julfesh Shah as speaker deliberated in detail on essential and practical aspects of project finance and shared his practical knowledge he gained in practicing in that area.

    CA. Sitaraman Iyer another faculty shares his views on assessment of term loan and practical aspects. He guided the delegates about the actual scenario at ground level and cleared the doubts of the participants present over there.

    CA. Sagar Mitkary, another speaker, directed the delegates on assessment of working capital and CMA aspects. He expressed his views on calculation & proper use of working capital and preparation of CMA for the cash credit limits. Further he provided the solutions to various questions raised by the participants.

    The inaugural event & first technical session was coordinated by Managing Committee Member CA. Harish Rangwani and second technical session was coordinated by Managing Committee Member CA. Akshay Gulhane. The event proved to be beneficial for more than 200 CA members present on the occasion. Speakers were formally welcomed by CA. Kirit Kalyani-Vice Chairman & CA. Jiten Saglani-Treasurer. The vote of thanks was presented by Secretary CA. Saket Bagdia. Prominently present on the occasion were CA. Sanjay Agrawal-WICASA Chairman, CA. Avinash Solao, CA. Sharad Pimpalwar, CA. N. Varadarajan, CA. Ram Bonde and members in large numbers.


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