Ref. No. : CA - 16571 - (Accounts – with 31.3 years in Plastic Industry)

Education

Group of M.B.A. (Finance)–IGNOU From Delhi (Unfinished due to family responsibilities)

D.B.M. from L. N. Welignkar, From Mumbai 

Bachelor Degree in Commerce From Mumbai

Diploma in Computer Operations From IICT -Mumbai 

Skill Sets

Ms – Office Windows
FA package in Windows 
Ramco Marshall Financial Software
Tally 5.4,6.3,7.2,9.0 and  ERP

Work Experience

Finance Controller
Since Sept 2009 to June 2013
Company Profile: Leading manufacturer in Africa
Job profile:
•Presenting Monthly Management Accounts and Flash reports to the Management
•Debtors collections.
•Contribution Summary and Cost structure reports for the management
•Liasoning with TRA for TAX Audits
•Preparing projected cashflow for the next 5 years for projects related financing from Banks
•Heading to submit annual reports, projected cashflow, Financials for annual renewal of Overdrawn facility with Exim Bank.
•Monitoring the movement of Availisation Facilities.
•Monitoring the Interest debited by banks,if as per contracts
•Arranging for Short and long term finances from Banks for projects.
•Negotiate interest rates and other bank charges.
•Monitoring OD balances and ensuring they stay within Limits
•Arranging for lease for new vehicles and Insurance Finance from Banks.
•One of the joint signatories for all the Bank Transactions.

Finance Manager:
Sept 2005 Aug 2009
Company profile: Leading plastics processor in Africa
Job profile:
•VAT refund Claims, Tax Audits, Custom Audits
•Finalizing the Financial results of the company in accordance with Statutory Auditors and submitting the same to TRA.
•Exemptions from TIC.
•Monitoring and authorizing all payments to Local, Foreign customers, petty cash vouchers.
•Debtors Management
•Maintaining Directors Personal Cash & Bank A/c’s.
•Export Invoices along with COO, SBE 
•Finalizing the issues with the shipping agency regarding Demurrages.
•Follow-up with the C&F agents & Shipping Line to clear the raw-materials from the port and also scrutinizing the Bills of the same, arranging the funds for the same.
•Stock Management and regular stock counts of R/M and Finished Goods
•Sales Planning 
•Ledger Scrutiny.
•Manufacturing Journals
•Overhead control and management
•Processing   payrolls for all the employees.
•Furnishing weekly and monthly production reports to the Directors
•Cash, Bank  & Stock reconciliation.
•Ensuring timely statutory payments like  TDS,PF, PT, ESIC
•G/L, Debtors & Creditors Ledger scrutiny.
•Review of Overheads & take necessary steps t to control them.
•Ascertaining Data for Financial Periodic   Review & presenting the same    at the performance review meet.
•Calculating Employees Contribution in terms of Sales i.e. Target v/s Actual & also matching the same with Overheads incurred i.e. Budgeted v/s actual.
•Reconciling Dealers a/c’s & obtaining the  confiration for the same.
•Giving a helping hand to Marketing staff with necessary information like Dealer-wise outstanding & also giving age of outstanding.
•Strictly keeping track of cheques bouncing matters & issuing legal notices to Default Customers under Sec.138 & filling suit.
•Strictly monitoring collection from stockiest within 30 days.
Ascertaining Data for Form I & II quarterly like stock statement from factories & Ageing of Debtors from all Depots & submitting to Bank.

Accounts Executive:
2003 to 2005
Company Name: Macleods Pharmaceuticals Ltd

Account Officer:
2001 to 2003
Company Name: Aglowmed Ltd

Sr. Accounts Asst:
1997 to 2001
Company Name: Lloyds Metals & Engrs. Ltd

Accounts Asst:
1993 to 1995
Company Name: Medco (P) Ltd
Company Profile:
job profile:

Stock Management:
Adhering strict controls on waste management
Production reconciliations
Monitoring the movement of  Finished goods and WIP.
Monthly physical stock count of major raw-materials
Annual stock count of spares and consumables
Finsihed Goods reconciliations

Taxations:
VAT Refunds and Returns
TAX Audits
Corpoarte Tax
With Holding Tax
Annual Returns 
Customs Audit
Importation & Exportation
EFD reconciliations for VAT returns

HRD:
Work permits of Expats
Payrolls of 1200 Employees
Bio-matrix for attendance management
Nssf related matters
Immigration related matters
Reconciliation of Task rates and payroll of task employees
Appraisals and Salary review of Employees
Analyzing day to day attendance of employees
Ensuring appointment and termination policies are followed properly keeping in view the requirements of labor laws
Staff Welfare related matters

Cash & Bank:
Authorizing all the Cash and Bank outflows of the company
Payments to Local and Foreign suppliers
Only Authorized Signatory apart from Directors with Banks for all the transactions
Monitoring Bank and cash reconciliations daily.
Monitoring Forex Markets and negotiating with Banks for purchase and sale of Foreign currencies
Interest calculations and other bank charges


Expansion Projects:
Headed to get the Long term Loan of Usd2.5mn from Exim Bank for expansion of company at competitive Interest rates of 8%.
Total project cost was $4.0mn which helped to increase the production capacity by 30%.
Submitting the project reports, projected cashflows to NBC and Exim Bank, but later went with Exim Bank as the Interest rates were much more competitive.
Liasoning with Tanzania Investment Centre for Exemptions for Importation of Machines
Opening of Letter of Credits for all the major machines imported
Constantly following on the draw down of loan as per the agreed terms of the banks.
Ensured the completion of the project in stipulated time.
Follow up with suppliers on status of shipments
Ensuring the Engineers from India and Taiwan for Install

Procurement & Planning:
Heading daily procurement meetings for Machinery Spares.
Forwarding the enquiries to the respective suppliers, negotiating the rates and arranging for Logistics
Chasing the Clearing Agents to get the consignments cleared in time (Air & Sea)
Prioritizing the Logistics based  on the urgency of spares if to be brought by Air or courier.

Investors:
As the company is up for sale, hence required to prepare and present documents for the Investors from time to time like Management Accounts, Production performance, Sales Analysis, Financials, Projected Cashflows, Debtors and creditors movements, Bank positions, Loan status

Board Meetings:
Arranging and attending Board Meetings.
Finalizing the Agenda for the Board Meetings
Preparing and presenting Analysis, performance reports, future plans, production analysis , management structures
Updating on new appointments and resignations
Recording minutes of the Board Meetings and getting the earlier minutes approved.
Presenting Shareholders equity and Loan Status
Participating in the discussion on key matters

Statutory:
Ensuring Timely payments of NSSF, Pay as you earn, Skill & Development Levy, Service Levy, Corporate Taxes, With Holding Taxes. VAT .
Submitting half yearly details of With Holding Tax, Skill & Development Levy, Payee to TRA.
Submitting Annual Returns with the Registrar of Companies

Insurance:
Heading Annual Insurance Renewals of company along with Group Personal Accident and Workmen Compensations.
Scrutinizing quotes from different Insurance Companies and also negotiating the same.
Arranging for Health Insurance with BUPA for Directors and key management staff.
Arranging Insurance Financing from NIC Bank.
Managed to get the Insurance claim of $66,542/- from Insurance companies against Fire to  Transformer and also the Loss of Gross Profit claim

General Responsibilities:
Authorizing Sales Invoices
Representing company in meetings with Nssf officials, OSHA, Fire and Safety officials, Municipal Councils representatives, TRA officials, Immigration officers
Expats related matters.
Tally Related matters
Negotiating with Shipping lines on Demurrages if any.
Looking for new storage premises on rent for storage of Raw-materials
Matters relating to ISO Certificate, if any
Transacting and negotiating contractual terms for supply and marketing of cement bags with Cement Companies (Tanga Cement,Mbeya Cement,Twiga Cement)
Cracking new markets for new products like Jumbo Bags,Grain Sacks,Tarpaulins.
Achievements

Achievement:
Managed to recover till date during my tenure Tsh 3bn ($1.87mn) against VAT refund from TRA.
Successfully Installed Bio-matrix Software and New Payroll Software.
Headed Expansion Project of $4mn to enhance the production capacity up by 30%
Managed to bring down Airfreight cost on spares because of planning in ordering the same.
Managed to get the company to fall under monthly refund of VAT status with the TRA.

Future Goals

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