Head - Finance & Accounts
Flex Film RUS LLC
Total years of experience :20 years, 6 Months
Flex Film Rus (FFR) is an ultimately subsidiary of Uflex Ltd., India starts manufacturing from May-20. FFR enjoys the largest market share of PET Films in Russia with the capacity of 30k TPA and 8K TPA of Metalized film with annual turnover of USD 60 Million.
Highlights
•Preparation and presentation of Financial Statement for corporate office as per Indian GAAP.
•Make processes to control day to day transactions. (GIN’s / collection / Payments).
•Developing internal controls system & prepare standard operation procedures (SOP’s) & implement it effectively in the organization (Accounts, purchase, store, inventory).
•Acting as credit controller, reconciliation of debtors & creditors and ensure timely collection and payments.
•Preparing of projected cash flow and ensuring funds management.
•Strictly following the Compliances Calendar VAT, Property Tax, Ecological tax, personal income tax, corporate tax, statistical data filing as per Russian Federation Law.
•Interaction with Statutory Auditors and ensure timely completion of Audits.
•Liaising and meeting with external parties’ viz. bankers, valuation agencies etc.
•Reconciliation between two software data. (Russian 1C vs. Oracle R-12).
•Convince to Russian to use Oracle software and give training to them.
•Learning Russian Language
Pilot Industries Ltd. India (Mar-19 to Aug-20)
GM - Finance & Accounts
Pilot is a prominent lead metal manufacturer in India from last 50 years. Pilot manufactured Pure Lead and Lead Alloys ingots with annual capacity of 50000 MT from its Bhiwadi & Pant Nagar Plants. I am looking after:
•Preparation & presentation of consolidated profitability statement & plant wise.
•Presentation of plant data to the management.
•Ensure timely analysis of production log sheet, batch wise costing, production recovery, batch timing & slag and compare actual data with standard data & time and report variances.
•Monthly plant audit covering Production, JW contracts, Safety, Security, HR Compliance & scrap etc.
•Ensure monthly physical inventory verification and report variances and correct in system.
•Liaising with consortium of banks for enhancement of working capital limit and submit projections.
•Liaising with bank for utilization of fund based and non-fund based limits.
•Ensure timely completion data of both plant and bank reconciliations.
•Ensure Import reconciliation and timely booking of export & import rate fluctuation entries.
•Ensure statutory compliances i.e. timely deposit of TDS, GST, PF etc.
Chaze is a Manufacturer and exporter of metal Lead and Lead Alloys with annual capacity of 30000 MT. Chaze manufacture complete range of pure lead alloys from lead battery industry. I am responsible for:
•Preparation of Financial profitability statement.
•Streamline all the financial activities and making processes for all Finance & Accounts;
•Prepare monthly cash flow statement, coordination between production, sales and finance; collection & payment process to achieve cash flow target.
•Liaising with banks for utilization of fund based and non-fund base limit.
•Develop process of physical inventory verification on monthly basis.
•Developing internal controls & prepare SOP’s & implement it effectively in the organization,
•Ensure timely reconciliation of Banks, Vendors and Inter Company transactions,
•Ensure timely compliance of Vat, Withholding Tax, Social Security Tax,
•Customization of ERP Reports and their formats.
India’s largest end to end flexible packaging solution company serving as a one stop shop for all flexible packaging needs with cumulative capacity 380000 TPA and turnover more than INR 6000 Cr. Uflex is a manufacturer of a wide range of PET, BOPP, CPP & other films, polyester chips, chemical, adhesive, ink, vacuum bags, converting & Holography. I was responsible for Film Division business.
Key Deliverables:
•Preparation and Presentation of Financial Summary to the Management along with analysis on YOY basis.
•Preparation of monthly Performance Summary with Observations.
•Detailed Analysis of Conversion Cost and Sales review on weekly basis.
•Physical Stock Verification & Valuation of RM, WIP and FGS and variances report to management.
•Ensuring timely reconciliation of banks, GST, debtors & creditors.
•Establishing Internal control function & procedures for accounts & finance function.
•Preparation of daily & monthly cash flow statements for ensuring timely payments.
•Top line & Bottom Line Analysis.
•Analyzing & Reporting Company’s financial health through ratios and working capital analysis.
•Motivating and encouraging the subordinates to achieve the highest level of satisfaction & performance.
Other Responsibilities:
•Developing external relationship with appropriate parties e.g. Auditors, bankers and Govt. agencies.
•Handling Transfer Pricing.
•Ensure statutory compliances i.e. timely deposit of TDS, GST etc.
•Liaising with Corporate office for various issues & replying their queries.
•Streamlining ERP - Oracle financial R-12 and customization of ERP reports with the help of IT team.
Flex Middle East Fze is a 100% subsidiary of UFlex Ltd, India, and manufacturer of a wide range of Polyester & other specialised films with turnover of USD 130 Million.
Highlights
•Preparation and presentation of Financial Statement along with its analysis to the Management.
•Ensuring timely reconciliation of payroll, banks, debtors & creditors.
•Preparing of projected cash flow statements for ensuring timely payments.
•Liaising with bankers for sanction & utilisation of funds and non-funds based facilities and ensuring the compliances.
•Interaction with Internal & Statutory Auditors and ensure timely completion of Audits.
•Liaising and meeting with external parties’ viz. suppliers, insurance company, valuation agencies etc.
•Ensure timely compliances of JAFZA (Jebel Ali Free Zone Authority).
•Negotiation with insurance company for premium claims on various losses to property, stock, consequential losses and medical policies.
•Credit Insurance of various customers and assessment thereof.
•Preparation of data and reply of Anti dumping audit questionnaire of USA & Brazil.
•Independently handled entire finance, accounts & commercial functions.
Intec Capital is registered with Reserve Bank of India, ISO 9001:2000 NBFC traded in Bombay Stock Exchange, meeting the financial needs of SMEs through Loan Syndication for Machinery, Equipment Finance, Working Capital Finance and Loan against Property.
Highlights
•Preparation of Financial Statement as per Indian Accounting Standards and applicable prevailing laws.
•Preparing projected cash flow & fund flow statements for monitoring of working capital.
•Liaising with banks for sanction of working capital facilities and ensure the compliances.
•Preparing CMA data for generation of fund from banks / other financial institutions.
•Interaction with Internal & Statutory Auditors and ensure timely completion of Audits.
•Acting as credit controller. In depth scrutiny of disbursement file before making final disbursement.
•Preparation of Income Tax cases and Appear before Income Tax Authorities on date, reply of queries raised by the authority in time.
•Ensuring compliance of the provisions of Listing Agreement with Stock Exchange.
•Developing Internal Control Systems, New Business Process and implementing them in an effective manner
Key Achievement
•Develop Internal Credit Control System resulted NPA’s less than 0.5%.
A leading paper manufacturing company having turnover of more than USD One Billion.
Highlights
•Initiated implementation of Internal Control System in effective manner.
•Adhered to Compliance & Implementation of Company’s Policies, Delegation of Authority Matrix, and Statutory Rules & Regulations as well as of Standard Operating Procedures (SOPs).
•Audit of contracts more than INR 5 lacs.
•Performing internal audits of units and thereafter follow-up for agreed upon action plan.
Intec if Non banking finaicial company, registered with RBI and listed with BSE. Its my 1st assignment, from accountant to Asst. Manager account.
Chartered Accountant from ICAI
PG Diploma in Finance