CFO
MANUFACTURING
مجموع سنوات الخبرة :43 years, 11 أشهر
* Helped the company achieving 10% growths in sales turnover and around 5% growth in profitability consistently for last 8 years.
* Completed funding new manufacturing unit in Jebel Ali South.
* Restructured banking facilities and achieved savings in interest cost of approx million + AED.
* Recovered more than 250, 000 AED by successful handling of legal cases in the court.
* Developed and implemented MIS to facilitate smooth decision making process.
* Introduced system of short and long term Budgeting.
* Implemented costing system for proper product pricing and better profitability.
* Formulated and implemented comprehensive HR policies.
* Helped in achieving the highest business award “MRM” given by Dubai govt. Played a lead role in getting the Co., recognized by the govt. as one of the top 100 SME Company in Dubai consecutively for 2 years.
* Played a lead role in getting the prestigious CSR Label Certification by Dubai Chambers of commerce.
* Critical part of management decision making process of the company.
Working as Finance Controller & Administration, in a Manufacturing Company of repute in Dubai
A key person in the decision making process of the company, responsible for Accounts, Banking, Finance, MIS,
Entire Administration including H.R.
Significant Contribution
A. Finance
1. Brought financial discipline through Budgeting, reorganising the banking facilities. 2. Introduced various MIS integrating all related departments for initiating timely & corrective actions on financial & other management decisions at various levels. 3. Recovered more than US 400, 000/- wrongly collected by the bank. 4. Restructured all Insurance policies reducing the cost with better & meaningful coverage. 5. Recovered sticky Insurance claims of more than US $60, 000/-
B. Accounts
1. Completed Annual Audit for previous years within 2 month’s time & completed 2006 audit in a month’s time. 2. Introduced system of monthly P&L A/C & Balance Sheet to help the decision making process of management easier.
C. Audit
Attended old reports & quarries of Internal Audit and made it compulsory at regular intervals.
D. JAFAZA
The company being a JAFZA company had so many long pending & critical issues, were resolved and regularized in compliance with the JAFZA rules /regulations.
E. HR & Other Policies
1. Entire HR policy being drafted & implemented. 2. Operation Manual prepared and introduced for smooth functioning with clarity which included, policies regarding Budgeting, Purchases, Stores, Sales and Accounts.
F. System Implementation
The new ORION system implemented and is under trial run.
G. Management
Apart from the contributing various other imputes on various aspects of the company management related with procurement of materials, selling price fixation, various contracts, business expansions etc apart from other regular assignments.
Corporate Planning
•Framed effective rules, regulations and smoothen the corporate decision making process.
•Through financial restructuring achieved AAA rating for our A/C with the Bank bringing 1% reduction in lending rate of interest +other administrative convenience.
•Successfully led the conversion of the existing unit into EOU unit.
Finance
•Arranged USD 2 million with various other facilities within 3 months of joining the company.
•Oversaw the end- to- end execution of the USD 5 million worth new manufacturing unit including acquisition of land, legal documentation, civil works, complying statutory requirements to installing plant & machineries.
•Could bring down the cost of borrowed funds by better working capital management.
•Managed currency fluctuation for Imports and exports.
Statutory Compliance / Liasoning
•Arranged NOC for new products from Pollution Control Board, which was holding the project worth 5 million for over 2 years.
•Appeared before DGFT and won an appeal worth 103, 000 USD under EPCG Scheme.
Materials Management
•Responsible for entire Materials Management worth USD 2 Million P.A.
•Changed the buying pattern to bulk purchase, negotiated better credit terms & brought substantial cost reduction.
•Identified multiple sources for materials from domestic and international market to bring better price.
•Brought administrative changes to smoothen the flow of materials just in time & minimized the production losses.
• Visited China extensively for identifying potential vendors and brought a substantial cost reduction through better negotiation.
Legal
•Settled criminal cases under N.I. Act and recovered long outstandings.
•Acquired properties worth 4 million USD + in various locations, completing right from negotiation, legal documentations, funding till the registration of the property.
System Development
•Introduced Employee benefit scheme.
• Was a key member in the ISO system implementation.
July’85 to November’88 with Orson Electronics Ltd., Mumbai, India, as Asst. Manager Creditors Administration.
A consumer Electronics manufacturer having collaboration with SONY Corporation, Japan, with more than USD1billion of turn over.
* Successfully managed more than 150 suppliers in times of tight situation of the company.
* Established a good rapport with more than 12 banks, creditors and all the related internal departments of the company in executing given assignments smoothly.
July’85 to November’88 with Orson Electronics Ltd., Mumbai, India, as Asst. Manager Creditors Administration.
A consumer Electronics manufacturer having collaboration with SONY Corporation, Japan, with more than USD1billion of turn over.
* Successfully managed more than 150 suppliers in times of tight situation of the company.
* Established a good rapport with more than 12 banks, creditors and all the related internal departments of the company in executing given assignments smoothly.
July’85 to November’88 with Orson Electronics Ltd., Mumbai, India, as Asst. Manager Creditors Administration.
A consumer Electronics manufacturer having collaboration with SONY Corporation, Japan, with more than USD1billion of turn over.
* Successfully managed more than 150 suppliers in times of tight situation of the company.
* Established a good rapport with more than 12 banks, creditors and all the related internal departments of the company in executing given assignments smoothly.
May’83 to May 1985 with Aristo Pharmaceuticals Ltd. Mumbai, India, as Accounts Executive
The firm deals in formulation as well as bulk drugs with multiple manufacturing units having a turnover of more than
USD 50 million.
* Independently handled all aspects of Accounts, specially Management Accounts.
December ‘81 to November 1983 with Fouress Engg. (I) Pvt. Ltd., Mumbai, India, as Sr. Accounts Officer.
A company manufacturing industrial valves, having multiple manufacturing units.
* Successfully completed and collected 3 years of pending Sales Tax assessment order in a record time of 6 months.
March 80 to November 1981 with Adonis Laboratories, Mumbai, India, as Accounts Officer.
A sister concern of ISPL & an associate company of Mukand Iron & Steel Works Ltd., Mumbai, India.
* Independently maintained all the books of Accounts, finalization of Accounts, Management of Inventories and interacting with the banks.