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Vedpal Sharma
VPO Nathupur Near Kundli, Distt Sonepat, Haryana-131029
E-Mail: ************@*****.***
Mobile: +91-852*******, 981******* ; Phone: 013*-*******
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Senior Professional - Finance, Accounts, Taxation, Cost Controlling
With over 2 decades experience in Finance, Accounts, ERP, Taxation, Forex,
Statutory Compliance, Fund Raising, MIS, Budgeting, Cost Controlling
Manufacturing, Service, Real Estate industry
A competent professional with varied experience at various positions and
significant experience in Financial Management, Statutory Compliance,
Accounts, ERP, Taxation, Forex, Hedging, Factoring, Fund Raising, MIS,
Budgeting, Cost Controlling. Presently associated with Metaphor Group IMT
Manesar (Gurgaon) [Manufacturer and Exporter of Readymade Garments] as
Finance & Accounts Head. Proficiency in improving the internal controls,
strengthening stores accounting and liaising with Banks, Financial
Institutions & Government Departments. A senior professional with
verifiable year after year success in achieving revenue, profit and
business growth objectives in manufacturing, service and real estate
industry. Proficient in mapping business requirements with proven ability
in designing & implementing systems to achieve cost control & financial
discipline and enhance the overall efficiency of the organisation.
Expertise in analysing existing systems & procedures, preparing annual
operating plans, designing internal control systems and facilitating
effective decision-making in Accounts and Finance Department.
Proven abilities in conceptualizing and implementing financial procedures,
designing and implementing accounting systems & procedures, supervising the
timely preparation of statutory books of accounts and consolidation &
finalization accounts. A keen analyst with exceptional relationship
management & negotiation skills with proven abilities in liaising with
Banks, Financial Institutions & various regulatory authorities.
Core Competencies
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Long-term Strategy
Develop tools and systems to provide critical financial and operational
information to the MD / CEO and make actionable recommendations on both
strategy and operation. Assist in establishing annual objectives and
oversee long-term budgetary planning and cost management in alignment with
organization strategic plan.
Financial Planning
Heading finance functions involving determining financial objectives,
designing & implementing systems & procedures to facilitate internal
financial control. Designing business plans for maximizing profitability &
revenue generation & realise corporate goals. Executing the operations of
project financing, maintenance of books of accounts for the project.
Liaising with banks, financial institutions for raising fund and non-fund
based facilities to meet working capital and project requirements.
Executing negotiations for renovation projects and project accounting and
compiling. Managing treasury function involving optimum utilization of
surplus funds in profitable investments to achieve higher returns, ensuring
minimum liquidity position.
Accounting and Cost Controlling
Designing and implementing accounting systems & procedures, supervising the
timely preparation of statutory books of accounts and finalisation of
accounts. Consolidation and finalization of group accounts as per Indian
GAAP, analysis of expense sheets for profitability position. Involved in
MIS reports for giving information about product costs, monitoring various
overheads and achieving maximum cost control. Evaluating internal control
systems to highlight the shortcomings & implementing necessary
recommendations. Analysis of expense sheets for profitability position.
Monitoring various overheads and achieving maximum cost control in
operations with affecting the operations. Raw Material cost controlling,
data analysis and monitoring of overhead.
Fund Sourcing & Management / Budgeting & MIS
Formulating budgets and conducting variance analysis to determine
difference between projected & actual results and implementing corrective
actions. Supervising the preparation of MIS reports to provide feedback to
top management on financial performance, viz., fund management, variance
analysis and profitability. Liaising with Banks and Corporate Head
quarters, positioning funds to meet project requirements. Monitoring the
inflow / outflow of funds; taking adequate measures to ensure optimum
utilisation of available funds towards the accomplishment of organisational
objectives. Monitoring movement of key business indicators, viz. debtors
control, fund flow management and inventory management to facilitate
decision making process.
Planning & Administration
Establishing corporate goals, short term and long term budgets, AOP (Annual
Operating Profit) and developing business plans for the achievement of
these goals. Executing all administrative functions and coordinating
between internal departments for smooth functioning. Supervising end-to-end
completion of contracts starting from idea generation, concept development,
requirement gathering, proposal making and client acquisition to the
closure of the contract.
Auditing/ Process Review
Attending to statutory audit, tax audit and Internal Audit for analyzing
the existing systems for proposing improvisation measures. Coordinating
audit schedules with auditors (for statutory, concurrent & tax audits) and
ensuring completion of the same within the stipulated time frame. Review of
final audit report containing details about deviations & recommendations,
with Auditors.
Statutory Compliance/ Taxation
Interfacing with Tax authorities for timely filing of Income Tax, Service
Tax, Excise and Sales tax returns, Tax Assessments, exemption related
benefits. Coordinating with Government Officials, Auditors, Company
Secretary and other regulatory authorities to ensure compliance with norms.
PROFESSIONAL EXPERIENCE WITH HIGHLIGHTS
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Since Feb'11 Metaphor Group IMT Manesar Gurgaon [Manufacturer and
Exporter of Readymade Garments] as Finance & Accounts Head
> Managing overall entire the Finance & Accounts operations of the group.
> Designing and implementing accounting systems & procedures, supervising
the timely preparation of statutory books of accounts financial
statements as per IAS.
> Scrutiny, Finalization and consolidation of Balance Sheet, Profit & Loss.
> Liasioning with Banks and NBFCs for negotiating Term Loan, Working
Capital Loan, Factors, FCNRBs and WCTL. Liasioning with Credit Rating
Agencies. Preparing CMA data, Feasibility Report including SWOT and Ratio
Analysis
> Managing of cost controlling, Inventory management, monthly inventory
closing, valuation of inventory, monitoring and absorption of overheads,
raw material cost controlling, analysis of manufacturing budget and roll
up to the company budget.
> Managed all Income Tax, Service Tax, VAT and Excise matters and
representing the organization before taxation authorities in assessments.
Ensuring all the statutory obligations are timely met such as filing for
Vat, TDS, PF, ESIC, Excise etc.
> Managing documentation department and co-ordination with HR department.
> Managing cash flow and forecasting to develop a reliable cash flow
projection process and reporting mechanism that includes minimum cash
threshold to meet operating needs.
> Preparing Monthly / Quarterly / Half Yearly / Annual Reports reflecting
Profitability, Tax Planning, Expense Deviation etc.
> Coordinating with statutory and internal auditors and resolving their
audit queries, maintaining all statutory records and strictly adhering to
compliance of fiscal laws.
> Coordinating the internal audit of all business functions to verify
procedures and statutory compliances, accuracy of records and check
mismanagement, waste or fraud.
> Setting up a strong system of debtors control thereby regularizing
collections, achieving reduction in debtors and minimizing disputes.
> Managing internal control system and budgeting.
> Implementation of ERP system.
Sep'07 - Feb'11 Prabhatam Group Jhandewalan, New Delhi
[Advertising, Aviation, Media, Real Estate,
Mining]
as General Manager - Finance & Accounts.
May'03 - Sep'07 Hemstitch India Group Okhla, New Delhi
[Manufacturer &
Exporter of Garments] as Head - Finance &
Accounts.
Oct'98- May'03 Mangla Exports Pvt Ltd Wazirpur, New Delhi [Manufacturer
&
Exporter of Garments] as Sr Manager - Finance
& Accounts
May'90- Oct'98 JPG Group Kamla Nagar, New Delhi [Share Brokers,
Financial
Services and Real Estate] as Manager -
Accounts & Finance
Jul'86- May'90 Ecko Electricals Pvt Ltd Bhagirath Palace, New Delhi
[Manufacturer of Industrial & Domestic Cables]
as Asstt Manager - Accounts
QUALIFICATION
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M. Com from University of Rajasthan
MBA/PGDM (Finance) from IGNOU
PERSONAL DETAILS
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Date of Birth : 12th September 1964
Father's Name : Late Sh. Mishri Lal Sharma
Contact Address : VPO Nathupur Near Kundli, Distt Sonepat,
Haryana-131029
Notice Period : 15-45 Days
Present Salary : INR 85990/- per month + Car Exp.
Expected Salary : Negotiable