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Srirama Head/VP/GM-Finance/Audit, Vasathi
 
Srirama's Profile
Srirama
Head/VP/GM-Finance/Audit, Vasathi
Vasathi
confidential
confidential
Hyderabad, India
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Professional summary
Srirama's Experience
Current :

Head/VP/GM-Finance/Audit, Vasathi
Construction
Current :

Head/VP/GM-Finance/Audit, Vasathi
Construction
Previous :

Construction Company Ltd
Hyderabad

Worked from 2008 to 2011

Brief summary :

Finance side experience side includes - preparation /critical evaluation of proposals through the prism of funding/costing/ROI, negotiation with banks and documentation for new / renewal / restructuring of terms loans and working capital limits. Operational side experience includes - understanding key drivers of business, set up MIS accordingly, and set out shape of P and L which business need to deliver, management of creditors / receivables, costing and commercial activities. Two years of abroad experience enables me to think beyond traditional role of finance / accounts professional and to look for business solutions . My exposure to funds management / bank facilities (including setting-up of working capital limits / term loans), preparation of project reports for evaluation by banks, MIS, extending / implementing ERP systems, compiling financial statements as per IAS, implementing / formulating SOP, Budgeting / internal audit, should do considerable value addition to top-line and bottom-line of the concern. Jan 2008 To TILL ECI Engineering and Construction Company Ltd Hyderabad (Company with a turnover of more than Rs 400 Crs executing EPC Contracts in Civil, Electrical and Railways sectors) AGM - Finance (Reporting to Director Finance) Finance functions Dealing with banks - Negotiation with banks for renewal and enhancement of existing working capital facilities (Fund based - Rs 150 Crs and non-fund based Rs 500 Crs) Ensuring timely availability of funds, BGs and LCs for projects Compiling and presenting consolidated projected cash flows and non-fund based requirements for all projects Accounting functions Integrity of Contracts and Running-Bills to clients, Sub-contract bills / Invoices of suppliers, and accounts for Civil projects (contract value of Rs 400 Crs) Compiling and presenting for approval of Project Budgeted Cash flows Compiling and reporting on Budgeted Vs Actual Project Cash flows, Costs and Profit and loss account Initiating and coordinating for completion of Statutory audit Jan 03 to Dec 2008 Amara Raja Group Companies, Tirupati (Group Companies having a turnover of Rs 350 crores + in Electronics, Power systems, Fasteners / Cabinets and Foods manufacturing space.) Manager (Finance and Accounts ) (Reporting to Group CFO) Finance functions Dealing with Banks - Negotiation and documentation for new / renewal / restructuring of Term loans (over Rs 50 crores) and Working capital limits (over Rs 40 crores). Operations functions Strong in management of Creditors (of over Rs 20 crores) and Accounts receivable (over Rs 30 crores). Effective cash flow budgeting / planning to match with periodic variations in demand for the product and managing cash flow for special projects. Responsible to develop and maintain procedures that ensure accountability and control over capital expenditures (upto Rs 30 crores), monitor actual and planned spending, review and coordinate approval for larger expenditures. Timely preparation and analysis of financial reporting package (including Profit Plan, Strategic Plan, monthly and quarterly Rolling Forecasts) and Budgets for operational and senior management review

Previous :

Amara Raja Power Systems Ltd

Worked from 2006 to 2011

Brief summary :

Jan 06 To TILL Amara Raja Power Systems Ltd, Tirupati (Company having a turnover of Rs 150 crores + in Power systems manufacturing space. Group Company of Amara Raja Batteries Ltd) Evaluating new projects / business concepts, preparation of project reports, carrying out critical analysis / due-diligence studies in coordination with technical and marketing. Senior Manager (Finance and Accounts ) (Reporting to Group CFO) Dealing with Banks - Preparation of project reports, setting up and managing of working capital limits (Rs 10 + crores) and term loans (Rs 25 + crores) for capital expenditure. Restructuring of working capital limits and term loans including re-scheduling of repayment schedules. Strong in management of Creditors (of over Rs 20 crores) and Accounts receivable (over Rs 30 crores). Effective cash flow budgeting / planning to match with periodic variations in demand for the product and managing cash flow for special projects. Responsible to develop and maintain procedures that ensure accountability and control over capital expenditures (upto Rs 30 crores), monitor actual and planned spending, review and coordinate approval for larger expenditures. Timely preparation and analysis of financial reporting package (including Profit Plan, Strategic Plan, monthly and quarterly Rolling Forecasts) and Budgets for operational and senior management review Project costing and product costing - setting up standard costs and monitoring the same against actuals. Align Finance and Accounts related activities with Business requirements. Coordinating with Statutory and Internal for executing audits Implementing ERP systems in areas of Finance, Accounts and manufacturing areas, specifically in the areas of costing. Evaluating of proposals for in-house production Vs outsourcing of production of key components. Conducting management review meetings.

Previous :

Monsanto India Ltd
Hyderabad

Worked from 2005 to 2011

Brief summary :

1) September 2005 To TILL Monsanto India Ltd (Emergent Genetics India Ltd) Hyderabad, India (Company with a turnover of Rs 100 Crores in Biotechnology and Seeds space) Consultant - Financial accounts Ensuring integrity of General ledger, Financial accounts and MIS Ensuring integrity of Sales accounts and Inventory valuation Cash flow management and Coordinating with banks for maintenance / renewal of bank facilities Coordinating with auditors for statutory and internal US audits Ensuring compliance with SOP and DOA Ensuring compliance with statutory payments due dates

Previous :

2

Worked from 2003 to 2005

Brief summary :

2) January 2003 to June 05 NTDE, Dubai (Exclusive agency of Cadburys, Lays, Premium brand cigarettes, Consumer items, Chain of retail outlets; Annual turnover - AED 300 million) Controller - Accounting / MIS systems and Audit Preparation of quarterly division-wise budgets and performance targets; Preparation of budgeted cash flow and working capital requirements; Monitoring of actual results and preparation of variance reports (from budgets) for top management; Maintain an effective financial and accounting system with cost-effective internal controls; Pro-actively co-ordinate with ERP vendors for updating / extending of ERP systems; Compilation of half-yearly / annual financial statements, co-ordinate with auditors to ensure timely audits, compilation of action taken reports and submission to banks; Negotiations with principals for rebates, new prices, advertising / support budgets Feasibility studies for new agencies / divisions and capital expenditures;

Previous :

Transcontinental Tobacco India Pvt Ltd

Worked from 2003 to 2005

Brief summary :

January 03 to Dec 05 Transcontinental Tobacco India Pvt Ltd, Guntur (Subsidary of Global Tobacco Inc, USA with a turnover of Rs 100 crores + in commodities trading space) Senior Manager (Finance, MIS, and Accounts) (An independent function reporting to Board of directors) Cash flow management and Coordinating with banks for maintenance / renewal of working capital limits (Rs 83 Crores) Ensuring effective costing procedures are being followed Ensuring integrity of General ledger, Financial accounts and MIS Ensuring compliance with US GAAP reporting requirements of principal company Managing foreign currency risk (Hedging / Options / Forwards) Compiling and monitoring of Operational and Financial Budgets Coordinating with auditors for statutory and internal US audits Ensuring compliance with SOP and DOA

Previous :

Manager, 3

Worked from 2000 to 2002

Brief summary :

3) Sep 2000 to Sep 2002 Eurostar group of companies, Dubai (Dealing in satellite receiving equipment; Annual turnover - AED 350 million) Manager accounts (Overseas branches) Responsible for five overseas branches with annual turnover of AED 50 million; Pro-active coordination with local banks for ensuring working capital facilities and foreign-exchange forward contracts; Cash flow and working capital management at all branches to ensure recovery from debtors and timely payment to creditors; Ensure effective financial and accounting system with cost-effective internal; Compilation of sales and operational budgets and preparation of variance reports; Compilation of financial statements, co-ordinate with local auditors to ensure timely audits and compliance with local laws and submission to banks; Negotiation with suppliers for new contracts / products; Feasibility studies for supplying to new markets and sourcing from new suppliers. Carrying out administrative duties of all branches (staff allocation-rotation / monitoring of visa / negotiation of office-showroom-accommodation space)

Previous :

Manager, Eurostar

Worked from 2000 to 2002

Brief summary :

Sep 2000 to Sep 2002 Eurostar group of companies, Dubai (Dealing in satellite receiving equipment; Annual turnover - AED 350 million) Manager accounts (Overseas branches) Responsible for five overseas branches with annual turnover of AED 50 million; Pro-active coordination with local banks for ensuring working capital facilities and foreign-exchange forward contracts; Cash flow and working capital management at all branches to ensure recovery from debtors and timely payment to creditors; Ensure effective financial and accounting system with cost-effective internal; Compilation of sales and operational budgets and preparation of variance reports; Compilation of financial statements, co-ordinate with local auditors to ensure timely audits and compliance with local laws and submission to banks; Negotiation with suppliers for new contracts / products; Feasibility studies for supplying to new markets and sourcing from new suppliers. Carrying out administrative duties of all branches (staff allocation-rotation / monitoring of visa / negotiation of office-showroom-accommodation space)

Previous :

Manager, Eurostar

Worked from 2000 to 2002

Brief summary :

Project costing and product costing - setting up standard costs and monitoring the same against actuals. Implementing ERP systems in areas of Finance, Accounts and manufacturing areas, specifically in the areas of costing. Nov 2000 to Sep 2002 Eurostar group of companies, Dubai (Dealing in satellite receiving equipment; Annual turnover - AED 350 million) Manager accounts (Overseas branches) Responsible for five overseas branches with annual turnover of AED 50 million; Pro-active coordination with local banks for ensuring working capital facilities and foreign-exchange forward contracts; Cash flow and working capital management at all branches to ensure recovery from debtors and timely payment to creditors; Ensure effective financial and accounting system with cost-effective internal; Compilation of sales and operational budgets and preparation of variance reports; Compilation of financial statements, co-ordinate with local auditors to ensure timely audits and compliance with local laws and submission to banks; Negotiation with suppliers for new contracts / products;

Previous :

Karvy Consultants Ltd
Hyderabad

Worked from 1999 to 2000

Brief summary :

4) Dec 1999 to Aug 2000 Karvy Consultants Ltd, Hyderabad, India (Company providing registrar and custodial services to companies and mutual funds; Annual turnover of USD 21 million) Manager branch accounts Responsible for twelve branch accounts having annual turnover USD 2 million. The responsibilities included compiling MIS reports on operations of branches, monthly accounts, monitoring cash flow / bank facilities, and implementing Vsat based ERP system.

Previous :

Manager, Lamps Ltd

Worked from 1996 to 2000

Brief summary :

Oct 1996 to Aug 2000 Hyderabad Lamps Ltd, Hyderabad, India (Company production of production of lighting) Manager branch accounts Responsible for twelve branch accounts having annual turnover USD 2 million. The responsibilities included compiling MIS reports on operations of branches, monthly accounts, monitoring cash flow / bank facilities, and implementing Vsat based ERP system.

Previous :

Manager, Lamps Ltd
Hyderabad

Worked from 1996 to 2000

Brief summary :

Feasibility studies for supplying to new markets and sourcing from new suppliers. Carrying out administrative duties of all branches (staff allocation-rotation / monitoring of visa / negotiation of office-showroom-accommodation space) Oct 1996 to October 2000 Hyderabad Lamps Ltd, Hyderabad, India (Company production of production of lighting) Manager branch accounts Responsible for twelve branch accounts having annual turnover USD 2 million. The responsibilities included compiling MIS reports on operations of branches, monthly accounts, monitoring cash flow / bank facilities, and implementing Vsat based ERP system.

Previous :

Manager, A J Shah and Associates
Young)

Worked from 1996 to 1999

Brief summary :

5) Oct 1996 to Nov 1999 A J Shah and Associates, Chartered accountants, (Member firm of Ernst and Young) Seychelles. Manager (Audits) Audit assignments of concerns principally in tourism, hotel, transportation and trading sectors. The audits were carried in compliance with Ernst and Young guidelines. Accounting and data processing services - supervision of team of four staff to ensure preparation of timely accounts and MIS.

Previous :

Gautam Construction And Fisheries Ltd.
Chennai

Worked from 1991 to 1995

Brief summary :

6) Apr 1991 to Dec 1995 Gautam Construction and Fisheries Ltd. Chennai, India (Company having fish processing plant and executing turnkey civil construction projects; Annual turnover of USD 5 million) Responsible for accounts of fish processing plant and assisting Manager accounts in preparation of MIS.

Previous :

Subbarao Vamman and Associates
Hyderabad

Worked from 1984 to 1987

Brief summary :

7) Jun 1984 to Jun 1987 Subbarao Vamman and Associates Chartered accountants Hyderabad, India Articles for chartered accountancy course. Internal audit for various companies in manufacturing, finance and banking sectors.

Srirama's Education

Institute of chartered Accountants of India
CA
India
From to

Institute of chartered Accountants of India
CA
India
From to
 
 
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Srirama's communities
Banking & Insurance Professionals
16093 members, 147 jobs, 347 articles, 208 questions, 671 debates, 251 idea contests.
Investment Hub
5180 members, 68 jobs, 318 articles, 156 questions, 635 debates, 222 idea contests.
Srirama's contributions
Are Indian Laws which were framed (copied from UK) at the time of Independence (alomost 60 Yrs back) for a much smaller Population relevant today?? The Population has grown steeply, Economy has grown Steeply, Sources of Income for Economy have Changed...
How do we keep our Innovation Skills / Fire alive while we work within establsihed systems? One way it to spend time with children whose brains are not hardwired.
I Always keep wondering how to keep INNOVATIVE fire/plant in us ALIVE? Teaching my daughter (9 yrs old) allows me to going back to my basics and be innovative.
Is young Indian Population used by MNC/foreign companies to sell their products ? Even a tiny royalty (in some form) will accumulate into a huge amount to feed the small number of population in Europe/USA?? Is Population explosion used by Politicians...
Srirama's  activity updates
19 Feb 2011
 Srirama , Head/VP/GM-Finance/Audit, Vasathi
16 Feb 2011
 Srirama , Head/VP/GM-Finance/Audit, Vasathi
more...  
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