رافي Talwar

PT Pasifik Satelit Nusantara, Indonesia as CFO & Finance Director

Business Development & Strategic Planning)
Part of Golden Agri-Resources (listed in Singapore Stock Exchange), world’s 2nd largest Oil Palm Plantation Company
Significant Accomplishments:
* Laid foundation & orchestrated investment management for new business development opportunities such as:
o Greenfield project of Sustainable Oil Palm Plantations in Africa, investment worth $ 1.6 Billion, through
extensive negotiation of a concession agreement for 220, 000 hectares
o Group’s diversification into Liquid Biomass and Wind Energy Sector in Europe, an investment worth $ 200
Million, by earning substantial subsidies for the generation of Renewable Energy
o Investment Management of aggregate 160 MW Renewable Energy projects in Italy
o Project for converting Mill Waste into Power Generation in Indonesia, which qualified for carbon credits under
CDM, investment of $ 4 Million
* Steered the M&A initiatives to expand the business portfolio, through
o Establishing a JV to:
 Acquire 75 MW Vegetable Oil Fired Power Plant and 86 MW Wind Energy Projects in Italy
 Explore other Vegetable Oil Fired Power Plants and Wind Energy projects in Europe for acquisition, in
order to make the organisation a leading player in industry with a capacity of 400-500 MW
 Acquire Port based Palm Oil Refineries to set up footprint in Edible Oil sector in India, investment size of $
180 Million
o Drive penetration into Edible Oil & Speciality Fats Sector with strong local partners in new frontiers like Europe
and Africa
* Arranged debt financing of $ 500 Million, for Oil Palm Plantations in Africa, through financial institutions & PE
* Led diversification opportunities in new sectors of Bioethanol and Sugar in Brazil

Finance & Accounts
Leading Polyester & Spun Yarns Producer in Indonesia (listed on Jakarta Stock Exchange)
Significant Accomplishments:
* Achieved savings of:
o > $ 18 Million annually in cash flows through conversion of 2 sites into bonded zones
o Approx. $ 1 Million in taxes by initiating merger of a subsidiary company and the parent company
o $ 0.2 Million through instigation of tax reduction on sale of land & building on merger
* Played a pivotal role in obtaining:
o Income Tax exemption on imports resulting in annual cash flow saving of $ 3 Million
o Refund of accumulated advance taxes of $ 12 Million from the tax authorities within 7 days by effective
planning
* Successfully defended a customs case against the company of $ 1 Million
* Drove:
o 0 % assessment of anti dumping duty on textured yarn by EC, Indorama, only company in the whole region
o Company's 2000 financial audit preparation, resulting in no-point audit
* Steered:
o Design & implementation of Oracle Financials ERP 10.7 GUI, for entire Indonesian operations, including
General Ledger, Accounts Payable, Inventory, Purchase, Accounts Receivable and Fixed Assets Modules
o Migration from Oracle Financials ERP 10.7 to 11i, as