Shivkumar Falorh

• Implemented a robust financial reporting system that increased reporting accuracy and reduced closing times by 35%,
enabling more timely and informed strategic decisions.
• Led a successful negotiation for a $3.5 million credit facility at a 2.5% lower interest rate than the industry average, enhancing
the companys liquidity and investment capabilities from Bank of Industries (Nigerias Leading Bank for Industrial Financing)
• Orchestrated a comprehensive financial restructuring that reduced the companys debt by 9%, significantly improving the
balance sheet and investor confidence.
• Successful Negotiation with Commercial banks for OD rates negotiation and charges on LC & BFC.
• Revamped the companys risk management framework, which led to a 12% reduction in insurance premiums and a significant
decrease in operational risk exposure.
• Successful got the IDEC Exemption certificate from Ministry of Finance & Customs for Importation of Capital Goods, which led
to saving in import duty on port charges on machinery worth $2.75Million.
• Championed the adoption of advanced analytics and business intelligence tools, which provided deeper insights into financial
performance and supported a data-driven approach to cost management and revenue optimization.
• Pioneered negotiations with trade unions which resoled the long ongoing demands.
• Reduced operational expenses by 4.5% through renegotiation of major vendor.
• Optimized working capital management that improved cash conversion cycles.
• Monthly & Annually Statutory Compliance as per the laws of the land. i.e. Payee; Pension; NSITF; WHT; VAT; Immigration
Returns; NAFDAC Certification;

• Core Responsibility of Company Incorporation; Opening Bank Accounts; CCI Inflow of Initial Capital as equity and loan funds.
• Banking; Auditors; Government Department relationship building.
• Monthly MIS for management reporting.
• Monthly Statutory Compliance as per the laws of the land. i.e. Payee; Pension; NSITF; WHT; VAT Etc…
• Coordination with sales team and production team for production planning and hiring of staff for the relevant roles in all
departments.
• Managing all finance and accounting operations. Oversees an organizations daily operations, including but not limited to the
accounting, payroll, accounts payable and accounts receivable departments, Planning, directing, and coordinating all
accounting operational functions.
• Coordinate and ensure the accurate preparation of the Companys Financial Statements, Budgets and Management Reports
for Monthly, quarterly, and annual review of performance. Maintaining adequate records of the Companys financial
transactions to show and explain the Companys transactions and financial positions.
• Internal control systems for the maintenance of Accounts and records as required under the specific statutes.
• Implementing Internal controls and processes for payments.
• Developing financial strategy, including risk minimization plans and opportunity forecasting.
• Coordination with HQ & Other Subsidiaries for cash flow, MIS, WC, Transfer pricing guidelines.
• Manage and lead a team to ensure efficient and effective manufacturing Process.
• Responsible for Planning, organizing, directing and running optimum day-to-day operations.
• Responsible for the SCM process and for the delivery of the overall operational metrics (On time delivery, Logistics cost,
vendor rating, customer fulfilment) and Maintain metrics and analyze data to assess performance and implement
improvements.
• Keep track and oversee periodic audit to measure service levels, Physical stocks, Inventory Buckets, Turnaround time (TAT)
of inward and outward process, transport costs and efficiency.
• Plan inventory (purchase to stock) orders for entire Business that have a defined a fast-moving parts/Preferred Parts Program
(PPP). Periodic review of the fast-moving parts/PPP parts defined. Ordering as per defined Inventory reorder levels and Fill
Rates to meet customer demand. Publishing of compliance toward the defined fill rates for such programs.
• Take the initiative for cost reduction, capital project plan, and improvement activities and address employees issues or
grievances and resolve them.

Finalization of monthly and yearly accounts.
 Preparation of daily and monthly MIS reports for production & sales.
 Analysis of expenses and income from different depots and head office.
 Computation of vat liability and payment of same along with filing of monthly returns on Tax ProMax.
 Computation of WHT Liability and payment of same.
 Computation of other statutory dues and payment of same.
 Costing of imported goods & product costing.
 Resolving the queries of External Auditors.
 Negotiating with the banks for various banking facility.
 Preparing monthly projections with regards to production and sales and revising the same at month end based on actual.
 Verification of payroll for the month.
 Devising the policies for rebates to customers.
 Assisting Managing Director on ad hoc query.
 Preparing CMA data for term loan and working capital requirements.
 Verifying physical stock taking at month end.
 Attending to FIRS Audit, Reconciliation meeting and closure of Audit exercise.

Administered day to day cash requirements while handling the bank relationship
 Worked on CCI & NDF focusing on negotiating with the banks for getting the best rate on the same
 Negotiated with bank to minimize various charges on LC & BFC
 Handled day to day bank operations including funds management; Coordinated and followed up with banks for documents and
payments
 Successfully handled retail bids, wholesale bids and FX procurement from I&E Window
 Prepared the daily and monthly MIS reports
 Evaluated inflow managements, scrutinizing debtors ledger on timely basis

Managed day to day routine accounts & finance work
 Visited the plant on weekly basis to oversee the production and to assist SAP team to implement SAP ERP effectively
 Coordinated with the with banks for LC opening & also getting bank guarantees released
 Tracked the submission of stock, debtors and creditors statement for CC account with bank on monthly basis
 Submitted the capital WIP statement for running term loan limit sanctioned to bank on monthly basis
 Calculated the export obligation under EPCG Scheme
 Calculated and paid the statutory due i.e. TDS, Service tax (also under reverse charge mechanism), VAT (Works Contract TDS) PF
and PT
 Bifurcated the expenses for preliminary and capital WIP so as to prepare first balance sheet along with practical implication of
accounting standards
 Processed the salary on monthly basis of HO and plants
 Handled debtors and receivable management for budgeting of required cash for the month
 Devised the debtors management policies i.e. cash discount; Instant payment discount; Interest penalty for delay in payments
etc
 Handled the reimbursement of expenses after proper authorization
 Payment to creditors after due verification of goods inwards and service completion statement along with bill after proper
authorization
 Filed TDS; Service tax and Vat returns online

 Incorporated the Limited Liability Partnership under LLP Act, 2008
 Compilation of documents for CIT (Appeals)
 Conducted statutory audit of private limited companies as well as conducting their income tax audit and sales tax audit
 Evaluated the details for income tax scrutiny and appeared before the concerned authority for hearing of same
 Completed assessment under section 143(2), 147 of various assesse
 Prepared the CMA data and project reports for client for loan sanctioning purposes
 Assisted the clients for preparing projects reports to avail the credit facilities such as Bank OD, term loan, and cash credit
 Prepared the balance sheet of companies, firms & individual assesses
 Handled the tax audit of proprietorship concern, partnership firms & Pvt. Ltd. companies
 Prepared the assessment details for Income Tax scrutiny and appeared before the concerned authority for hearing
 Assisted the client in tax planning
 Evaluated the details for sales tax assessment and appeared before the concerned authority for hearing of same as well as
 Handled the tax audit of proprietorship concern, partnership firms & Pvt. Limited Companies
 Administered the capital account & computation of individual assesses
 Handled TDS return Filing using Synses software
 Prepared and filed of income tax returns using Synses software
 Registered the Partnership firm with Registrar of Firms
 Calculated VAT liability and return filing of same with sales tax department
 Registered the various assesse with service tax department
 Registration of charitable trust u/s 12AA and 80G Deduction with income tax department

Conducted internal audit of listed company (Usher Agro)
 Responsible for E-filing of Income tax Returns, E-Filing of Vat return
 Handled the concurrent bank audit (Indian Bank; Oriental Bank of Commerce) and statutory audit of private limited company
 Audited various clients including proprietorship concern, partnership firms and Pvt. Ltd. Companies
 Prepared the balance Sheet of Companies, Firms & Individual Assesses
 Managed the tax audit of proprietorship concern, partnership Firms & Pvt. Ltd. Companies
 Responsible for the capital account & computation of Individual Assesses and TDS return filing
 Administered MCA Company Filing Compliances
 Focused on assessment Proceedings for Direct Taxation of Individual & Pvt. Ltd. Companies
AVAILABILITY
 Ready to relocate immediately
 Possess no bond with the current employer