Abhijeet Ulabhaje

 Overseeing the finalisation of monthly / quarterly /annual financial statements.
 Funds and Working Capital Limits (Specially LC/TR/Usance/Bills Discounting/Overdraft Facilities ) Management for the organisation. Co-ordinating with the bankers for managing pre-shipment, post-shipment credits for exports, letter of credits, bank guarantees, etc for the working capital requirements.
 Co-ordinated with the Banks for renewal and extension of facilities along-with the compilation and completion of legal documentations
 Estimating working capital requirement controlling cash flows through co-ordinating purchases, sales and man-power utilisation.
 Capital assets acquisitions and financing for expansion and meeting the industry norms and mandates through estimating and managing the term loans for the capital assets acquisition.
 Overall scheduling vendors payments vis a vis position of receivables.
 Looking after the VAT Quarterly returns - Europe Business.
 Monthly monitoring of expenses and cost control initiatives with special reference to stock management.
 Co-ordinated with the External auditors (KPMG) for the finalization of accounts for Financial Year 2011-12, 2012-13 & 2013-14.
 Implemented Business Information System for the new business set up at Spain.
 Implemented ERP for full Europe Business

Highlights:
 Acting as a Financial Manager wherein handled a team of 10 directly reporting to me and myself directly reporting to the Group General Manager & Managing Director of the concern.

Role: Controlling the commercial operations related to Enterprise Broadband Business, Public Access Business & Enterprise Wireless Business for Maharashtra Circle .

 Enterprise Broadband Business: Business Commercial Head For Maharashtra Circle having turnover of approx Rs 120.00 crores p.a. handling since May 2009 till date -
 Budgetary Control - Capex (for material planning, construction plan & steady state expenses) Vs Revenue Assessment - Approval of the budget and tracking the Actuals against approved budget. For Scope Change Request for Last mile connectivity from network to the customers site.
 Maintaining overall operating budgets for direct business activities, booking and tracking of direct operating expenses against the correct cost centers and general ledgers with implementation of cost reduction and control measures. Monitoring Expense and Vendor Payments through WO & PO approvals. Monthly Provisioning of Expenses for proper funds planning.
 Analysing and preparing MIS to conclude on status of Actual Profitability against the Budgeted Profitability.
 Verifying and approving of Charge Deviation/waivers in Customer acquisitions for High Value Technical Solutions and their approvals.
 Controlling Commercial Aspects related to Channel Partners Life Cycle and Sales Team.
 Evaluating Incentive Schemes formulated for Channel Partners Life Cycle and Sales Team and approving the payouts.
 Co-ordinating with Management and External Auditors and clearing audit issues concerning Enterprise Business.
 Accounting and reconciliation of TDS on receivables monthly and on annual basis.
 Site Acquisitions and legal documents validation for Tower Errection for improving the GSM connectivity.
 Monitoring of claims of employees and verifying of income tax supporting claims for finalisation of form-16 for the employees for MH circle.

 Enterprise Wireless Business & Public Access Business: Business Commercial Head For Maharashtra Circle ( Corporate Wireless Group ) having turnover of approx Rs 48.00 crores p.a. and (Public Access Business ) having turnover of approx Rs 72.00 crores p.a. handling since Feb 2007 to April 2009 -
- Controlling Commercial Aspects related to Channel Partners Life Cycle and Sales Team - Verifying Corporate Customers Waivers and approvals
- Monitoring Expense and Vendor Payments through WO & PO approvals and ensuring
Proper booking in correct GL Codes.
- Monthly Provisioning of Expenses for proper funds planning
- Preparing Monthly Profitability and Operational MIS
- Co-ordinating with Management and External Auditors and clearing audit issues concerning Enterprise Business.

Highlights:
 Acting as a Commercial Controller in Large Cap Organisation having a large Turnover and Growth Potential in a service industry.
 3 Years Exposure to working in SAP environment, specially FICO & MM Modules.
 Other Portals Being Used - ECMD, Clarify version 13.1, I-care, Selectica.
 Consistently highlighted as commendable employee.
 Consistently ranked in the top 3 performers in Leadership Effectiveness Ranking - PAN India.

Supriya Chemicals - SSI having a High Growth Potential in a Bulk Drug Manufacturing and 100% Exporting Unit with a turnover of approx Rs. 40.00 crores with corporate office based at Mumbai and Plant 1 at Lote Parshuram Industrial and another coming at Thane Industrial Estate.

Role:
 Overseeing the finalisation of monthly / quarterly /annual financial statements.
 Funds and Cash Management of the organisation.
 Estimating working capital requirement controlling cash flows through co-ordinating production, purchases, sales and man-power utilisation.
 Co-ordinating with the bankers for managing pre-shipment, post-shipment credits for exports, letter of credits, bank guarantees, etc for the working capital requirements.
 Capital assets acquisitions for expansion and meeting the industry norms and mandates through estimating and managing the term loans for the capital assets acquisition.
 Overall scheduling vendors payments vis a vis position of receivables.
 Availment of government grants and subsidies.
 Looking after the T.D.S., F.B.T., Service Tax, Excise and VAT monthly returns and annual returns.
 Monthly monitoring of expenses and cost control initiatives with special reference to stock management and payroll / imprest management.
 Co-ordinated with the statutory and tax auditors for the finalization of accounts for Financial Year 2005-2006.

Highlights:
 Acted as a Financial Controller wherein handled a team of 20 directly reporting to me and myself directly reporting to the managing director of the concern.

 Managing a wide gamut of functions viz., Auditing & Taxation.

Highlights:
 Successfully conducted:
- Internal & Management Audits of Mahindra & Mahindra Financial Services Limited for 6 branches situated in Chhatisgarh and Madhya Pradesh

- Tax Audit and compliance related to STPI - EOU’s requirements concerning
inward and outward remittances of an on site giving software services unit viz.,
M/S Capp Systems (India) Private Limited, Nagpur.

- Internal audit & system audit of M/S Jabalpur Goods Garage, Nagpur ( a trans-shipment management agency).

- Tax audit under section 44AB of Income Tax Act for various clients in the field of construction, garments, trading, hospitals, advertising and wholesale moreover handling scrutiny matters with Income Tax department.

 Managing operations related to Financing, Bank Audits & Taxation.

 Preparing Project Financial Feasibility Reports for commercial organizations; planning the Constitution, Capital Structuring, Financial Risk Assessment and Funds planning.

 Liaison with financial institutions for financial requirement for cash credits, term loans, letter of credit and bank guarantee facilities, etc.

 Managing Income Tax Matters involving:
- Planning taxation for various proprietary concerns, partnership firms and private limited companies (manufacturers, traders, builders, transporters, education institutes, professionals and advertisement consultants)
- Filing quarterly e-TDS returns, annual income tax returns and attending their assessment.

 Managing Service Tax Matters like Computing, charging, collecting and depositing quarterly service taxes and filing the service tax returns.

Highlights:
 Successfully conducted the following Assignments in the Banking Sector:
- Statutory Bank Branch Audits for Bank Of India ( 5 Years ) and UCO Bank (1 Year ), public sector banks for it’s Nagpur Zone.
- Internal Bank Branch audits for Shikshak Sahakari Bank (1 Year), a scheduled co- operative sector Bank for its Ramtek Branch.
- Revenue Leakage Audit and Concurrent Audits for Nationalized Banks.
- Information Systems Verification and Implementation of Banking Software in Wardhaman Urban Co-Op. Bank Ltd.

 Successfully conducted the following audits in the Co-Operative Sector:
- Statutory audits for VIP Employees Credit Co-op. Soc. Ltd., a employees co-operative society of VIP Industry ( Number 1 Luggage Maker of India).
- Internal audit & Tax audit of Vidarbha Co-operative Marketing Society (manufacturing and dealing in agricultural inputs).

 Successfully handled the Certification Work of:
- Mahindra & Mahindra Limited and VIP Industries Limited to be submitted to SICOM under Part -1 of the 1993 Package Schemes of Incentives.
- Mahindra & Mahindra Limited and VIP Industries Limited to be submitted to Excise Department, giving the details of cost of production of various components produced in house, required for the final product.

Role:
Audit Team Leader

Highlights:
 Execution of Internal Audit and Management Audit of Maharashtra State Seed Corporation Limited (Mahabeej), Visaka Industries (Textile Division) Mauda, etc.

 Revenue Leakage Audit and Concurrent Audits for Nationalised Banks.