Vice President Finance
Modern Denim Limited
Total years of experience :27 years, 6 Months
Heading Finance & Accounts, Costing, Budgeting, Operations & Management.
Cash flow and funds planning.
Finalization of Accounts, Monthly MIS and review of monthly results with budgets and targets
Heading Accounts & Finance Department - MP based in Budhni, Near Bhopal.
Finalizing accounts thereby ensuring timely statutory audits & consolidation of group accounts.
Devising business plans, risk management and capital expenditure budgets and reviewing project feasibility reports. Completed Rs 1500 crores porject in the year 2014-15
Headed internal audit team of 7 members while planning and executing internal audit for the
group companies.
Implemented internal audit program, improved internal control systems, cost savings in manpower stabilizing cost.
Growth Path/Deputation:
Mar’97 - Mar’06 Emirates Grain Products Company LLC as Finance Manager.
Apr’06 - Mar’09 IFFCO Sea SDN BHD, Kuala Lumpur as Finance Manager.
Apr ’09 - Aug’10 Emirates Refining Company LCC as Finance Manager (Risk Management).
Finalization of Accounts, Consolidation of Group Accounts, MIS, Budgeting, Variance Analysis.
Liaised with banks for day to day work, opening of letter of credits, negotiation of export documents, transfer of funds, LC
amendments, reducing funding cost by utilizing supplier’s credit, submission of audited accounts with bank & financial ratios.
Responsible for Debtors & Creditors Control, Cash & Bank Management and Inventory Management.
Prepared monthly P&L and balance sheet, MIS reports, Preparation of budgets, Variance analysis as against standard costi.
Reviewed budgeted revenue & expenditure with actual expenditure with Managing Director of the company.
Documented project feasibility reports using NPV, IRR, Payback period and Cost benefit analysis for decision making for projects, sensitivity analysis on revenue and costs and other elements which can affect financials.
Review of monthly results with CEO, chairman and board members.
Significant Accomplishments:
Provided financial and business management leadership that facilitated growth from AED 100 Million to AED 350 Million in 5 years.
Implemented commodity hedging strategy to manage risk in volatile market, whilst providing protection against adverse commodity price movements.
Successfully implemented Commodity XL - Commodity Trading Software and consolidated group accounts for 21 companies within group having turnover of AED 2 BN.
Served as key user for finance module in BaaN Implementation in 2000 at Emirates Grain Products Company LLC, Sharjah.
Transfer pricing and export pricing decisions. Product mix and margins. Marginal costing in decision making, played vital role using management accounting in stabilizing a larger expansion from 350 TPD to 1100 TPD.
Interest cost saving by using supplier’s credit and saving in LC charges by reducing the LC periods.
Implemented pieced rate for packing and loading section and increased productivity by 35%.
Achieved substantial interest savings by closely monitoring incoming funds getting timely credit by
negotiation of LC documents sooner the BL received on completion of shipment.
Part of MIS team for developing Capital and Maintenance system to control the expenditure and developed user demanded
reports using DBASE IV and Fox pro and controlled capital and maintenance expenditure.
Product mix optimization to get maximum contribution from the available resources.
Contributed to the net profits.
Financial accounting Cost Accounting Taxation Management Accounting Project Accounting