Dawood Ahmad

an associated company of Premier group. It was established in 1999 at Hattar industrial estate, consists of FOUR independent units with annual production capacity of 275 million sacks. It is one of the largest manufacturers of AD*Star®, Polypropylene Laminated Block Bottomed Valve sacks in the world, which are primarily used for the packaging of cement. The main raw material used in producing the PP woven sacks is imported Polypropylene Granules (PCT 3902.1), a by-product of the petrochemical industry. It has an annual turnover of more than Rs. 5 Billion with 20% being exports.
Syntron Limited
M/s Syntron being the pioneer in polypropylene industry established in 1992. It is a sister concern of Syntronics Limited which makes conventional polypropylene open mouth bags mainly used for packaging of Fertilizers, chemicals, and food grade items. It has an annual production capacity 6.6 million Kgs and turnover of approx. Rs. 2 Billion.
BB Rice Mills Limited
The proposed capacity of the project is two lines of 6-8 Tons per hour (TPH) paddy intake each. The total capacity of the plant would roughly be 12 TPH. It would be complete with intake, storage, pre-cleaning, par boiling/steaming, drying, processing, packaging equipments, and boiler and turbine system. The company is incorporated and principal approvals of the finances have been obtained. Decision to move forward is pending with the management.
Selected Achievements
Arranged Project finance for fourth expansion and up-gradation in existing set up in Syntronics that worth more than a billion rupees.
Saved 30% in Bank’s spread for funded facilities and 60% for non-funded facilities via negotiations of new advantageous credit facilities including ERF allowed under SBP scheme.
Obtained principal approval for financing of a 12 TPH complete rice project including captive power plant of which Rs. 1.2 billion pertains to building, Plant & Machinery, and Rs. 2 billion as working capital for procurement of paddy.
Arranged feasibility report of rice project and key personnel from the rice industry. Engaged consultants, Suppliers and arranged meetings thereto.
Obtained approvals from State Bank of Pakistan for incurring capital & revenue expenditures in opening branch office in Sri Lanka and Subsidiary in United Arab Emirates. Involved and coordinated with consultants while incorporating the same in these countries.

Strategic & Executive Management
As a true partner to the CEO assess organizational performance against both company’s short-term and long-term strategy.
Develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.
Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants.
Serve as a member of executive leadership team.
Participate in key decisions pertaining to strategic initiatives, operating model and operational execution.
Participate in corporate policy development as a member of the senior management team.
Represent company to governmental and non-governmental departments including commercial forms- SECP (Securities and Exchange Commission of Pakistan), LTU (Large Tax Payer Unit), FTO (Federal Tax Ombudsman), and Pakistan Engineering Board.
Manage company’s legal affairs; engage legal councils for tax matters and writ petitions.

Financial Planning & Analysis
Monitor and maintain regular financial planning reports; Monthly profit and loss forecast; weekly cash flow forecast.
Manage overall loan portfolio of Rs. 5 billion that includes Rs. 2 billion funded facilities and Rs. 3 billion non-funded facilities.
Review analysis of financial results; Develop recommendations- strategic and tactical.
Develop and execute analysis of various business initiatives- opening new operations, asset acquisition.
Develop and maintain Capital budget.
Oversee cash flow planning and ensure availability of funds as needed.
Oversee financing strategies and activities, as well as banking relationship.
Represent and negotiate with Banks and insurance companies.

PROFESSIONAL EXPERIENCE
Premier Group of Companies- Pakistan (March 2010 to date) Chief Financial Officer
a) Syntronics Limited
M/s Syntronics limited is an associated company of Premier group. It was established in 1999 at Hattar industrial estate, consists of FOUR independent units with annual production capacity of 275 million sacks. It is one of the largest manufacturers of AD*Star®, Polypropylene Laminated Block Bottomed Valve sacks in the world, which are primarily used for the packaging of cement. The main raw material used in producing the PP woven sacks is imported Polypropylene Granules (PCT 3902.1), a by-product of the petrochemical industry. It has an annual turnover of more than Rs. 5 Billion with 20% being exports.
b) Syntron Limited
M/s Syntron being the pioneer in polypropylene industry established in 1992. It is a sister concern of Syntronics Limited which makes conventional polypropylene open mouth bags mainly used for packaging of Fertilizers, chemicals, and food grade items. It has an annual production capacity 6.6 million Kgs and turnover of approx. Rs. 2 Billion.
c) BB Rice Mills Limited
The proposed capacity of the project is two lines of 6-8 Tons per hour (TPH) paddy intake each. The total capacity of the plant would roughly be 12 TPH. It would be complete with intake, storage, pre-cleaning, par boiling/steaming, drying, processing, packaging equipments, and boiler and turbine system. The company is incorporated and principal approvals of the finances have been obtained. Decision to move forward is pending with the management.
Dandot Cement Company Limited- Pakistan (Nov. 2007 to Feb. 2010) Chief Financial Officer
Dandot cement is situated at P.D. Khan, District Jhelum, in the province of Punjab. It is a superior dry process plant
which was originally purchased from and erected by Mitsubishi (MHI), Japan in 1984. It has total production
capacity of 504, 000 MT cement per year.


Riyad Bank - Saudi Arabia (January 2001 to October 2007)
Senior Finance Manager
July 2006 to October 2007 Treasury & Investments

January 2004 to June 2006 Finance Manager
International Investments & Overseas Operations

January 2001 to 2003 Senior Financial Analyst
International & Overseas Operations


GTEX Trading incorporated - Canada Accounts Controller
May-2000 to December-2000

Gulistan Textile Mills Limited, Pakistan Manager Accounts & Finance
Gulistan Power Generation Limited, Pakistan
June-1996 to April-2000
GTML is a leading Textile manufacturing group comprising of four remotely located units with a total turnover of more than Rs.3 billion; generating a production volume of more than 28 million KGs of yarn with a major portion being exported to the Far East, Europe and North American Markets.

Worked as Manager Accounts & Finance reporting directly to CEO. .

Hameed Chaudhri & Co. - Chartered Accountants
May-1991 to May-1996
Manager Audit

Dandot cement is situated at P.D. Khan, District Jhelum, in the province of Punjab. It is a superior dry process plant
which was originally purchased from and erected by Mitsubishi (MHI), Japan in 1984. It has total production
capacity of 504, 000 MT cement per year.

Financial Management
Involved in restructuring and rescheduling of loans.
Represented and negotiated with Banks and insurance companies.
Monitoring and ensuring receipt of receivables on daily basis and disposal of funds thereof.
Allocation of funds for procurement of Coal, Coke and other in-put materials.
Decision paper for best energy mix for optimum production at lower cost.
Contract with dealers and arranged advances against future sale of cement and discussion of sole dealership in selected areas.
Negotiations with query (gypsum, limestone, clay etc) contractors and revision of rates thereof.
Involved with Marketing executive for increasing market share and new dealerships in areas of operations.
Involved with site management including General Manager for annual maintenance and department wise allocation of funds.

Accounting & Administration
Oversee the accounting department to ensure proper maintenance of all accounting systems and functions.
Ensure timeliness, accuracy, and usefulness of financial and management reporting.
Coordinate audits and proper filing of Income and Sales tax returns.
Ensure legal and regulatory compliance regarding all financial functions.
Oversee daily cash management; Approve daily and weekly payables; Execute cheque signing.
Manage the company’s legal affairs.
Involved with SNGPL (Sui Northern Gas Pipelines limited) for possible allocation of natural gas.
Engaged with company labor union and successfully negotiated peace agreement.
Involved in hiring of key personnel.
Represented company in All Pakistan Cement Manufacturing Association (APCMA).

one of the largest Middle-Eastern banks with asset base of more than USD 25 billion and over 200 branches network.

Major Responsibilities:

Basel 2 Program
Key member of Operating Committee responsible for managing Basel -2 program.
Steering key processes to ensure compliance with SAMA Prudential Returns related to Basel 2.
Developed gross income mapping process and calculate capital requirements for Operational risk.
Member of Capital Adequacy Committee in the bank to develop key scenarios and skeleton for ICAAP (Internal Capital Adequacy Assessment Plan).

Financial Management
Act as liaison between finance and other business units (Treasury & Investments, Corporate finance, Overseas & affiliates) for issues related to financial & regulatory reporting, projections/forecasts, and new products etc.
Ensure compliance of International Accounting Standards (IAS) in my area of operation especially IAS-39.
Review and monitor revaluation of hedging item & hedging instrument at HO for Cash flow hedge and Fair value hedge.
Review revaluation of closed and outstanding currency options and other derivatives for reasonableness and follow up on exceptional items till they are fully resolved.
Daily monitoring of Treasury Investments and ensure classification as per requirements of IAS-39.
Ensure amortization of Treasury Bonds (locally purchased) on effective yield basis.
Review & monitor and provide input to MIS reporting to Board on monthly basis.
Review MIDAS (Treasury System) GL proofing and resolve for out of balance accounts.
Supervise activities of subordinate staff for:
Treasury
International Investments
Assets under management &
Overseas operations
As Project Manager: monitored successful transition of Global & Investment grade portfolios from JP Morgan Chase (JPM) to Bank of New York (BONY) worth US $ 3 billion. During this process all accounting, reporting and reconciliation issues were taken care and resolved.
Ensure compliance with all relevant laws, regulations and documented procedures at all times.
Coordinating with external Auditors and handling their requirements to finalize Annual Audit.
Review and finalization of Financial Statements and related notes to the accounts.

International & Overseas Operations
Monthly MIS reports along with commentary on International / Corporate divisions’ activities and foreign branches

GTEX is principally engaged in manufacturing and sale of ready-made garments for consumption within Canada and in United States. As accounts controller my position was responsible for:
Review and monitor monthly preparation of Financial Statements in adherence to Generally Accepted Accounting Principles (GAAP)
Costing of inventory and export orders
Review of stock reconciliation & dealing with banks
Review of reconciliation of accounts with branch offices in United States & Canada. Incorporation of exchange differences arising due to recording of transactions in CD$ and US$.

GTML is a leading Textile manufacturing group comprising of four remotely located units with a total turnover of more than Rs.3 billion; generating a production volume of more than 28 million KGs of yarn with a major portion being exported to the Far East, Europe and North American Markets.

Worked as Manager Accounts & Finance reporting directly to CEO. Responsibility included managing the operation of three main departments; Accounts, Costing, and Finance supported by four servicing departments i.e. Imports, Exports, Inventory Purchase & Control, and Mills Accounts.

Authorized signatory for all imprest accounts and joint signatory in main accounts. Operational details and achievements of my functional areas were as follows:
Dealing with the banks for pledge, negotiating and renewal of credit limits, export refinance, and other trade finance matters.
Developed Product Costing System; Costing Profit & Loss and its comparison with Financial Profit & Loss on monthly basis
Implemented Cost of Fund Statement
Monthly Projections of Profit & Loss based on planned production data compiled by Marketing and Production departments
Comparison of Projected cash flows with Actual data and reconciliation thereof
Analysis & Comparison of various Lease and Financial options available on better IRR basis
Monthly Budgets and monitoring thereof
Monthly Financial Statements, Cash Flow Statements, Consolidation of Accounts and analysis thereof
Responsible for review and monitoring preparation of Annual Financial Statements, and managed Annual external audit for four years i.e. 1996 to 1999
Liaison with Mills for procurement of Production Data and Analysis thereof
Responsible for maintenance of Unit wise Fixed Assets record, and Pledge & related Liability of each unit
Liaison with other Group Companies in Inter-company transactions

HCC is one of the pioneer firm of Chartered Accountants in Pakistan established more than 55 years ago having a very diversified audit portfolio across all segments of industry including Textile, Investment companies, Banks, Leasing, Modarabas, Sugar, Cement, Banks, Food & Allied Products, Automotive, and Power Generation etc beside many non-profit organizations. The company is staffed by a total strength of more than 100 personals majority being the trainee students and effectively supervised and managed by qualified professional managers.