HEMANGI TAWDE

DETAILS OF WORK EXPERIENCE: SHARF GROUP, DUBAI, UAE.

Name Of Group Company Country Company Profile
National Shipping Services LLC (NSS)
United Arab Emirates NSS is in the ship agency & Logistics business since 1986. NSS is also involved in the freight forwarding business.

T S Lines UAE LLC (TSL) UAE & Middle East T S Lines UAE LLC (TSL) is a joint venture between Sharaf Group & T S Lines Taipei. The company acts as General Sales Agents for TS Lines Taipei.
Diamond Maritime Logistics Services (DMLS) Myanmar DMLS is a Sharaf Group company involved in freight forwarding and agency business.

Key Functions & Responsibilities

Setting up Accounting Systems and Process & Internal Controls
• T S Lines UAE LLC commenced joint venture operations in Sept 2012 & Diamond Maritime & Logistics Services LLC commenced operations in Mar 2014. Formulated and implemented the accounting structure of the agency business, MIS reporting formats with due weight age given to principals reporting requirements, Preparation of the companies credit policies and required document formats
• Set up control points to ensure all revenue streams were captured & deviations if any were identified and streamlined
• Set up internal controls for Company Cost
Accounting Function
Overall in charge of the companies accounting function . Work involves
• Preparation of principles monthly disbursement account & consolidation of nine Sub agency disbursements
• Preparation of Final Accounts
Finance & Corporate Banking & Legal
• Overall responsibility of applying & operating all required banking facilities, Liaising with bank representatives
• Scrutinize agreements with principals, Sub Agents & Vendors. Report clauses detrimental to the company and suggest corrective amendments,
• Ensure all agreements are renewed on time
Management Reporting
• Preparation of monthly business performance report & Variance Analysis
• Cash flow preparation and budgeting
• Incorporate process and controls to ensure company’s revenues are recovered as per individual agreements with principals and sub Agents.
Governance, Risk and Compliance (GRC)
• Ensure standards set by company were followed
• Analyse company process to ensure any risk created due to change were mitigated
• Ensure outflows were against budgeted costs or advances received from Principals

Statutory, internal & ISO audit
• Liaise with internal & external auditors
• Assist the lead ISO auditors in ISO audit formalities & preparation of reports

DETAILS OF WORK EXPERIENCE: UTV SOFTWARE COMMUNICATIONS LTD, MUMBAI, INDIA.

Name Of Group Company Country Company Profile
UTV Software Communications Limited India UTV is a media company involved in different aspects of media industry including Movies, Television, Telecast, Animation etc
United Studios Limited India Post production Studios

Financing
• Arranging long term debts
• Working on Initial Public Offering preparations for which was felicitated with a cash reward for exemplary work done.
• Capability was allocating funds over suitable facilities to minimize cost of capital.

Management Accounting
• Prepared monthly MIS reports for company's Debt exposure and related Finance costs.
• Prepared USL monthly business performance reports including detailed analysis of variances against approved budgets.
• Preparation of comparative business performance reports and cash flows against approved budgets on a weekly and monthly basis.
• Recommended corrective and preventive actions to affect pricing strategies, credit management and costing methods based on ratio analysis
Treasury Management
• In charge for cash management and payment outsource processes delegated to banks .
• Responsibly hedged the maturities of short term payable
• Arranged temporary financing as and when required ensuring minimization of finance costs.

Internal Controls
• Implemented effective processes and control points to ensure effective utilization/accounting of all different types of credit and loan facilities and related costs.
• Accountable for preparation and submission of the monthly, quarterly and annual reports (CMA, QIS, stock and debtors statement) to all banks financial institutions
• Preparation of projected business plan and cash-flow for the post production division ( USL) of the company. This also included budgeting for acquisition of existing business and acquiring additional production facilities.

Technology Collaborations
• Participated in bringing technology in UTV
• Was the primary account department contact for implementation of ORACLE Financial s application system for bank and Debt modules. Contributed towards user acceptance testing.

Governance, Risk and Compliance (GRC)
• Overall responsibility for accounting function of the company’s Post Production division “United Studios’ Limited (USL)”.
• The company had a strict policy for disbursement of funds according to approved Budgets of each business stream. Was overall in charge of disbursing funds to the various business giving due weight age statutory payments, nature of business requirements, and cost burden.
• Responsible for preparation and maintenance of all import/export records & documentation required as per FEMA regulations.
• In charge of insurance of Company Assets & productions

Capital Budgeting
For the period 2000-2003 the company made substantial investments in Studio Equipment &Machinery. Responsible for complete accounting & Capitalization of this CAPEX project. Job included
• Documentation for purchases, imports etc
• Acquiring customs duty subsidy under Indian governments Export Promotion Council Guarantee
• Reporting to management on the actual costs incurred & deviations if any against budget
• Valuation & Capitalization of the project.
Credit Management
Responsible for arranging for all fund and non-fund based facilities from banks and financial institutions. Facilities arranged included Term Loans, Working Capital Demand Loans (WCDL), Bill discounting facilities, Bank guarantees, Letter of Credits and Standby- Letter of Credit etc. This involved vetting, preparing and arranging for all required documentation and legal formalities.

Ashco Industries - Analytical Instruments, Mumbai - India 1999-2000
\[Account Executive\]

Responsibilities included -
• Branch accounting of twenty three branches all over India;
• Monitoring all expenses incurred by branches against set budgets;
• Inter branch accounting and reconciliation;
• Finalization of accounts;

Ramesh Lakshman & Company, Mumbai - India 1998-1999
\[Supervisor\]

• Reporting on the sales tax returns positions for the period 1992-2000 for Procter and Gamble Ltd.;
• Preparation of Fixed Asset Register for Alkyl Amines Limited for five years. Identified double payments made worth lacs of Rs. Was instrumental in identifying mod-vat credit not claimed by the organization;
• Statutory audit for Gemini Power Hydraulics Private Limited;
• Performed company secretary formalities - preparation of minutes and formulating resolutions required by customers;

Ark Travels Private Limited, Mumbai - India 1997-1998
\[Accountant\]

• Responsible for accounting and complete finalization of accounts;
• Assisted in acquiring banking facilities - bank guarantee, loans, overdraft;
• Performed company secretarial responsibilities - preparation of minutes of the board meeting;

Accomplishments:

• Responsible for finalizing of accounts for four years (for the period 1992-1995);
• Instrumental in computerizing the accounting process. Created the flow of accounts and setup the business rules and verified reports generated during parallel run of the computerized system and the existing manual system;

Cable Corporation of India Limited, Mumbai - India 1995-1997
\[Management Trainee - Finance\]

• Responsible for preparation of the cash budget for the organization;
• Monitored collections from various regions;
• Monthly calculation of finance costs;