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LOLUGU VENKATESWARA RAO

Email: adn1nw@r.postjobfree.com Phone: 91+995**-*****

PROFILE SUMMARY: MBA Finance with Graduation in Commerce and CMA pursuing having 18 years of strong corporate professional experience in the area of Financial Accounting and Management with good computer skills in various companies 7+ Years in Manufacture

(Pharmaceuticals) and remaining 10+ years Trading (Volvo), Logistics (Reliance), and Constructions. Finance Professional with 18 years of established career

Finance professional with senior level management, financial planning and analysis, Fund raising, increasing working capital limits and obtaining Term Loans for projects, Cash flow management, budgeting & forecasting.

Prepare the monthly various MIS reports. Revenue & Expense analysis vs Budget and categorizing the reasons for variances to Management. Review & reconciliation of Accounts receivable & Payable & General Ledger scrutiny.

Preparation & Supervise the completion of tax reporting requirements & returns filling of GST & TDS, Income tax Assessments & Scrutiny’s, VAT audits, CST assessments & any tax requirements required by government regulation.

Co-ordination with Internal/Statutory auditors and maintaining statutory books of accounts and Finalisation of annual books of accounts, Prepare the Financial statements such as Balance Sheet, Profit & Loss account with notes and reviewing, analysing of maintaining books of accounts. CORE COMPETENCIES

* Financial Analysis and Reporting * Budgeting & Funding * Cash Flow Management

* Internal Financial Control * Working Capital limits, Term Loans * MIS Reporting & Analysis

* Internal & External Audits * Taxation (GST, TDS, and Income Tax) * Finalization of Accounts. CAREER ACCOMPLISHMENTS

Vasant Chemicals Pvt. Ltd.

Liaising with multiple banks for increasing working capital limits (Rs.12.5 crores) Obtaining term loan (9.5 crores) for project – new block establishment. Long pending VAT audits with refund process (Rs.62 lakhs) successfully get the refund amount. 4 years CST assessments successfully completed.

Timely availing foreign loans (PCFC) to the maximum extent possible in order to reduce interest cost Rakshit Drugs Pvt. Ltd.

GST implementation successfully and filling the returns with own resources. Implemented ERP (Focus), planned and data migration from Tally to Focus. Statutory form (C, H, F, I) collecting from customers and successfully 4 years CST assessments completed. Closely working with department for reconcile VAT input credit and pending 5 years audit completed. Porus Laboratories Pvt. Ltd.

Successfully completed of Income Tax Scrutiny for FY: 2010-11 to 2012-13 without liability. TDS defaults outstanding Rs.20 lakhs demand cleared with revised e-TDS returns from FY:2008-09 to 11-12 Both VAT Audit & CST Assessments successfully completed for FY: 2011-12 & 2012-13. Automation of standalone MIS to generate various report to Management. Vijay Engineering Equipment India Pvt. Ltd.

Working capital funds 5 crores enhance and Term loans Rs.4 crores sanctioned. Receivable tracking system implemented around 2000 customers & 50 % collected out of 40 crores outstanding. Completed pending returns & audits Service Tax from 5 years around Rs.15 crores demand. Successfully completed of long pending reconciliation of payable (dealer-Volvo) from 5 years. Education:

Pursuing CMA (Cost and Management Accountant)

MBA (Finance) from IGNOU, Hyderabad.

B.Com. from Andhra University, Visakhapatnam.

Computer Skills:

DCA (Diploma in Computer Applications) BDPS, Hyderabad. Operating Systems: DOS, WINDOWS and Packages: MS office Accounting Packages: Tally ERP9, Focus V6.003, 4 Soft, SAP-FICO. 2

Oct 17 – Oct 20 as Senior Manager – Finance & Accounts (Head of Finance & Accounts), reporting to Chairman Vasant Chemicals Pvt. Ltd., Hyderabad (Manufacture of Pharma Intermediates & Specialty Chemicals) Roles & Responsibilities:

Responsible for maintenance of all books of accounts and monitoring day to day all accounting transactions. Timely completion of Financial Accounting and make available accurate financial data of corporate office and two Units SEZ Unit-Visakhapatnam & DTA unit-Hyderabad

Performance of immediate reporting juniors: to monitor the activities and performance of immediate reporting juniors and give suggestion for practising better system and controls. Finance & Banking:

Daily close monitoring the availability of Funds and managing working capital managements on day to day basis and Co-ordination with banks for day to day bank transactions.

Prepare the Monthly Cash Flow statement and day to day update the BRS & funds planning. Daily co-ordinate with bankers for foreign inward remittances timely credit and outward remittances to foreign creditors.

Preparing and monitoring ageing wise Receivables and Payables and making online all payments to vendors / Service providers/Taxes and all other payments with in due date.

Periodically submission of various reports and documents like stock statements, FFR’s, UHFC & any other information required by bank. Co-ordination with bank auditors for stock & receivables audit time to time.

To prepare CMA data & Other necessary information for enhancement / renewal of working capital, Term Loans, LC & BG and sanction of the limits.

Timely availing foreign currency loans (PCFC) to the maximum extent possible in order to reduce interest cost. Statutory compliance:

GST & TDS timely filling the returns and making payments with in due date and completion of Income Tax Assessments, Scrutiny’s and departmental audits .Co-ordination with department for Pending CST assessments, VAT audit and Refund claims.

Payroll verification & release the salary & PF, ESI, PT payments with in due date.

Co-Ordination with Company Secretary for ROC compliance like filling the forms & returns Budgeting:

Preparing the annual budget with operations team and monthly monitoring and review with management.

Preparing the Project cash flows for funding proposals and providing periodical reports to banks.

MIS: Monthly books of accounts closing, preparation of Monthly P&L unit wise review with Chairman and Monitoring Factory overheads (Budget vs Actuals) cost controlling with strictly following the budget.

Any other special analysis reports time to time required by management for business review.

Costing: Physical verification of Inventory on periodical basis and Inventory valuation. Preparation of monthly Product Cost sheets.

Fixed Assets:

Maintaining the Fixed Asset register in excel along with depreciation schedule.

Tracking capital purchases for timely asset capitalization, recording asset acquisitions and disposals.

Auditing: Coordinating in complete planning & management activities for ensuring completion of internal & statutory audits within time; managing the internal audit of the companies including setting up of internal audit systems as well as monitoring of the implementation of the systems. Finalization of Accounts:

Closing the books of accounts with all aspects with GL scrutiny and get the payable confirmations.

Making the all provisions and pass the necessary entries and generate the final trail balance.

Preparation of Financial statements such as Balance Sheet, Profit & Loss account with notes

Co-ordination with Internal/Statutory auditors and maintaining statutory books of accounts and reconciliation of financial statements in compliance with the norms as well as ensuring smooth.

Reviewing analysing P&L and Balance Sheet with management and finalise the final Annual Report. 3

Jan 17 – Sept 17 as Manager – Accounts, reporting to Director Rakshit Drugs Pvt. Ltd., Hyderabad (Manufacture of Pharma Intermediates) Roles & Responsibilities:

Responsible for General Accounting including Balance Sheet integrity: Oversee the accounting function, which includes inter-company accounting, accounts payable function, Balance sheet management, general ledger accounting, fixed asset accounting.

Ensuring smooth operations of banking process; presenting a true and fair view of the financial position of the company by way of timely. General ledger scrutiny and preparation of Payable & Receivable statements and reconciliations & settlements.

Direct and Indirect taxation:

GST: Data verification, preparing & filling the GST returns (R1 & 3B) and co-ordination with auditors for finalisation and filling the annual returns (9 & 9A)

Supervise the completion of tax reporting requirements including Income tax, and other taxes like VAT audits, CST assessments and other reports required by government regulation, including all related analysis and support.

MIS: Preparation of monthly reports: detailed P&L, ageing wise Receivable & Payable statements.

Analysis: Supervising & preparation of various monthly & periodic MIS highlighting major accomplishments & improvement areas of various business to enable senior management take appropriate decisions. July 13 – Sept 16 as Asst. Manager – Accounts, reporting to GM-Finance Porus Laboratories Pvt. Ltd., Hyderabad (Manufacture of Pharma Intermediates and Organic Chemicals) Roles & Responsibilities:

Responsible for maintenance of all books of accounts and monitoring day to day all accounting transactions and approvals in accounting packages (Focus ERP)

Making provisions for the month of end closure of account books and preparing the monthly unit wise P&L TDS:

Preparing the monthly TDS liability and making the online payments and filling the quarterly e-TDS returns with in due date avoid the interest and penalty. Periodically generate and issue the Form 16 & 16A.

Tracking & reconcile the TDS receivables with Form 26 AS and pass the necessary entries in books of accounts. VAT & CST:

Preparing the monthly VAT & CST liability and filling the returns with in due date.

Apply & generate C & H Forms & receipts (‘C’ & ‘H’ forms) keeping track & reconcile with books.

Handling with department for completion of VAT audits & CST assessments Service Tax:

Prepare the data including RCM determination of liability and making payments. Monthly filling returns and handling the Audits.

Monthly Payroll verification and PF, ESI & PT making online payment.

Providing feedback to the top management with regular internal audit reports; preparing tax plans and ensuring timely assessment and filing of tax returns, TDS, GST, Income Tax, Service Tax, VAT & CST in Statutory compliance. Supporting to Finance:

Preparation & Submission-Drawing power statements monthly for working capital limits.

Co-ordination with GM for all day to day banking transactions and working capital renewals etc., Finalization of Annual Accounts:

Preparation and finalization of Individuals (Directors)

Finalization of Annual books of accounts for group companies

Co-ordination with Statutory Auditors of finalization of Annual books of accounts. 4

Oct 09 – April 13 as Asst. Manager – Accounts, reporting to Director Vijay Engineering Equipment India Pvt. Ltd., Hyderabad (Authorized dealer of VOLVO Construction & Road equipment’s) Roles & Responsibilities:

Over all responsible for complete maintenance of all books of accounts, Finance, Finalization, Taxation & MIS. Treasury:

Supervise the Treasury Functions & Fund Management of the organization including payables & analyse the organization revenues, expenses and forecast in cash flow position, recommend investments and other financial instruments to meet these cash flow needs.

Monitoring day to day cash flow operations (payments & receipts) and verification BRS and Funds positions reporting to Management. Formulating budgets, conducting variance analysis to determine difference between projected figures & actual expenditure and recommending / taking corrective actions.

Attend the VOLVO audits for DOS (Dealer Operating System), PDP (Partnership Development Program)

Worked closely with Banks/NBFC for Financing/Funding arrangement (Term Loans and Working capital facilities). Submission different documentation and major reports (DP, FFR, Net worth, CMA data etc.,) to Banks/Financial Institutions for availed loans and working capital renewals.

Monitoring day to day all accounting transactions and making provisions and other accruals for the month end closing, Preparation DFS (dealer financials statement) Controlling & reporting: Supervise financial statement, analyse the month end financial position, investigate variance and identifying & suggest any remedial action that needs to be taken, implement operational financial control & procedures in accordance with internal policies/directives. Provide timely accurate daily and monthly financial information and deliver accurate financial reporting. Finalization: Preparing and finalising of different types of financial statements such as Balance Sheet, Profit & Loss account; reviewing, analysing and maintaining accounts. April 07 – July 09 as Executive-Commercial, reporting to RM-Commercial Relogistics India Pvt. Ltd., (Reliance Group) Visakhapatnam (India’s largest integrated logistics solution provider) Roles & Responsibilities: Responsible for overseeing the Record-to-Report (R2R) for all books of accounts and day to day transactions branch level (Cash, Bank, Budget, Strong Forecasting, Daily Business Report, Receivables, Salaries & other allowances of supervisors and profitability statement) Nov 01 – Mar 07 as Senior Officer - Accounts, reporting to GM-Accounts Siddhardha Constructions Pvt. Ltd., Hyderabad (One of the leading Construction for Road & Railway work projects) Roles & Responsibilities: Responsible for complete maintenance of all branches/sites book of accounts, verification of all voucher & Invoices for all aspects of accounts. Verification & Maintaining of R&B and Railway revenue bills, Accounting & Maintaining of Fixed Asset Register, reconciliation of payables & confirmations. Verification all Cash & Bank Transactions and preparation of BRS for all Bank accounts. Personal Details:

Date of Birth: 10th August 1978,

Marital Status: Married

Languages Known: Telugu, English and Hindi.

Declaration: All the statements made above are true and complete to the best of my knowledge and belief

(L.Venkateswara Rao)

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