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Mukund M. Honkan Head/VP/GM-Finance/Audit M/s Dodsal Engineering and Construction Pte Limited
 
Mukund M. Honkan's Profile
Mukund M. Honkan
Head/VP/GM-Finance/Audit M/s Dodsal Engineering and Construction Pte Limited
M/s Dodsal Engineering and Construction Pte Limited
confidential
confidential
Doha, Qatar
Toostep 
Professional summary
16 years post C.A. Experience in various sector such as textiles, steel, cement,logistic & construction.
Mukund M. Honkan's Experience
Current :

Head/VP/GM-Finance/Audit, M/s Dodsal Engineering and Construction Pte Limited
Construction

Working from 2006

Current :

Head/VP/GM-Finance/Audit, M/s Dodsal Engineering and Construction Pte Limited
Construction

Working from 2006

Previous :

CA

Worked from 2006 to 2011

Brief summary :

(Mentioned only post qualification, CA, experience) November 2006 to till date

Previous :

CA

Worked from 2006 to 2011

Brief summary :

(Mentioned only post qualification, CA, experience) November 2006 to till date

Previous :

KTS Limited

Worked from 2005 to 2006

Brief summary :

Streamlining the systems February 2005 to June 2006 Worked with logistic company,KTS Limited,based at Ghana (West Africa)owned and controlled by HSBC Bank(South Africa) having 350 employees, as Head - Finance, commercial and Administration designated as Financial Controller Reporting to: CEO Responsibilities Financial Accounting Management Accounting Co ordination of critical purchases Monitoring and control on operations Banking and dealing with Financial Institutions of International repute Working capital management Controlling of stores Commercial functions such as direct and indirect taxation and other commercial matters Co ordination of functions of various branches Legal and Board related issues Achievements Ensured regular and smooth supply of critical items, the supply of which was highly volatile earlier and affected operations adversely Implemented proper financial and management accounting system Introduced internal controls at various functions Coordinated and raised morale of demoralized employees and turned them into productive assets April 1997 to February 2005 Worked with cement manufacturing company controlled by Indorama (Indonesia) group Last designation: Asst. General Manager(Finance) Reporting Authority: CFO (designated as Sr.V.P.-Finance) Responsibilities at various times Financial Accounting Management Accounting Project accounting Introduction of costing systems Long term project funding Working capital funding Dealing with various Govt. regulatory Authorities Direct taxation Working capital management Treasury functions Forex matters Co ordinated due diligence work for divestment of business between company and an international consultancy firm,M/s Price Waterhouse and Coopers(One time responsibility) Being founder member of the company, incorporation of the company Company secretarial functions and other Board matters Achievements Successfully availed project loans from Financial institutions of international repute at the time when cement industry was black listed Introduction of management accounting systems and meaningful reports by which management could take suitable business decisions. September, 1994 to March 1997 Worked with `Ispat Industries Limited a manufacturer of sponge iron and steel , a multinational `ISPAT group company Last designation: Asst. Manager(Finance) Reporting Authority: CFO (designated as President-Finance) Responsibilities Assisting CFO for availment of long term funds and working capital funds Dealing with Banks and FIs to a limited extent Monitoring regulatory norms applicable for group companys NBFC Dealing with Credit Rating Institutions Achievements As no such function is dealt independently there are no specific notable achievements May 1993 to August 1994 Worked with Amethi Textiles Limited, a listed public limited company, manufacturer of yarn and cloth Last designation: Asst. Manager(Finance) Reporting authority: Director Responsibilities Accounting Management Accounting Dealt with IPO related issues Company Secretarial functions Dealing with banks and FIs Taxation Working capital management Achievements Restructured Long term loans

Previous :

KTS Limited

Worked from 2005 to 2006

Brief summary :

Streamlining the systems February 2005 to June 2006 Worked with logistic company,KTS Limited,based at Ghana (West Africa)owned and controlled by HSBC Bank(South Africa) having 350 employees, as Head - Finance, commercial and Administration designated as Financial Controller Reporting to: CEO Responsibilities Financial Accounting Management Accounting Co ordination of critical purchases Monitoring and control on operations Banking and dealing with Financial Institutions of International repute Working capital management Controlling of stores Commercial functions such as direct and indirect taxation and other commercial matters Co ordination of functions of various branches Legal and Board related issues Achievements Ensured regular and smooth supply of critical items, the supply of which was highly volatile earlier and affected operations adversely Implemented proper financial and management accounting system Introduced internal controls at various functions Coordinated and raised morale of demoralized employees and turned them into productive assets April 1997 to February 2005 Worked with cement manufacturing company controlled by Indorama (Indonesia) group Last designation: Asst. General Manager(Finance) Reporting Authority: CFO (designated as Sr.V.P.-Finance) Responsibilities at various times Financial Accounting Management Accounting Project accounting Introduction of costing systems Long term project funding Working capital funding Dealing with various Govt. regulatory Authorities Direct taxation Working capital management Treasury functions Forex matters Co ordinated due diligence work for divestment of business between company and an international consultancy firm,M/s Price Waterhouse and Coopers(One time responsibility) Being founder member of the company, incorporation of the company Company secretarial functions and other Board matters Achievements Successfully availed project loans from Financial institutions of international repute at the time when cement industry was black listed Introduction of management accounting systems and meaningful reports by which management could take suitable business decisions. September, 1994 to March 1997 Worked with `Ispat Industries Limited a manufacturer of sponge iron and steel , a multinational `ISPAT group company Last designation: Asst. Manager(Finance) Reporting Authority: CFO (designated as President-Finance) Responsibilities Assisting CFO for availment of long term funds and working capital funds Dealing with Banks and FIs to a limited extent Monitoring regulatory norms applicable for group companys NBFC Dealing with Credit Rating Institutions Achievements As no such function is dealt independently there are no specific notable achievements May 1993 to August 1994 Worked with Amethi Textiles Limited, a listed public limited company, manufacturer of yarn and cloth Last designation: Asst. Manager(Finance) Reporting authority: Director Responsibilities Accounting Management Accounting Dealt with IPO related issues Company Secretarial functions Dealing with banks and FIs Taxation Working capital management Achievements Restructured Long term loans

Previous :

Asst. General Manager, M/s Dodsal Pte Limited
Mumbai

Worked from 1993 to 1994

Brief summary :

March 1997 May, 1993 to August 1994 M/s Dodsal Pte Limited, multinational construction major, executing contact of USD 253 millions, peak employee strength being 8,000, working in the capacity of Site Finance Head, based at Qatar (Middle East country) M/s KTS Limited, HSBC(South Africa) owned logistic company, employee strength 350 employees, annual turn over USD 100 millions, worked in the capacity of Head-Finance and Administration, designation being Financial Controller, based at Ghana M/s Indorama Cement Limited, Indorama group company, annual turnover Indian Rupees 3,000 millions, last designation being Asst. General Manager (Finance), No. 2 position in Finance department, based at Mumbai M/s Ispat Industries Limited (formerly known as Nipon Denro Ispat Limited), annual turnover Indian Rupees 20,000 millions, worked as Asst. Manager(Finance), based at Mumbai, transferred to its associate group INDORAMA M/s Amethi Textiles Limited, listed public limited company, annual turnover Indian Rupees 500 millions, worked as Asst.Manager(Finance) based at Mumbai Career History in detail (Mentioned only for post qualification, CA, experience) Since November 2006 Undertaken an overseas assignment with, a major multinational player in construction sector, Dodsal Pte Limited,at Qatar(employee strength 8,000), in the capacity of Site Finance Head Reporting to: Project Director Responsibilities Financial Accounting (in SAP) Management Accounting Monitoring and control on project budget Working Capital Management Commercial functions such as taxation and other commercial matters Dealing with Banks Insurance matter Achievements

Previous :

CEO, Thermon Heat Tracers Limited

Worked from 1993 to 1994

Brief summary :

September, 1994 to March 1997 May, 1993 to August 1994 Thermon Heat Tracers Limited, Mumbai, manufacturer and trader of Heat tracing cables and related items (100% subsidiary of US company `THERMON MANUFACTURING COMPANY LLC) Designation: G.M.-Finance and Admn. Reporting to : CEO M/s Dodsal Pte Limited, Qatar (Multinational EPC major, executing contact of USD 259 millions, peak employee strength being 9,000, Designation: Site Finance Head Reporting to : Project Director Reason for change: Project based appointment M/s KTS Limited, Ghana(West Africa) A logistic company ,OWNED and controlled by HSBC(South Africa), employee strength 350 employees, annual turn over USD 100 millions, Designation: Financial Controller (capacity-Head Finance and Administration) Reporting to : CEO Reson for change: Contractual appointment M/s Indorama Cement Limited,Mumbai Indorama group company, manufacturer of cement annual turnover Indian Rupees 3,000 millions Designation: Asst. General Manager- Finance, (No. 2 position in Finance department, based at Mumbai) Reporting to : Sr. V.P.-Finance (CFO) Reason for change: To have overseas exposure M/s Ispat Industries Limited (formerly known as Nipon Denro Ispat Limited),Mumbai Manufacturer of sponge iron and steel annual turnover Indian Rupees 20,000 millions, Designation: Asst. Manager(Finance) Reporting to : President (Finance) Reason for change: Transferred to Associate Group M/s Amethi Textiles Limited, Mumbai Manufactrer of yarn and cloth, listed public limited company, annual turnover Indian Rupees 500 millions, Designation: Asst.Manager(Finance) Reporting to : Director Reason for change: For better prospects Functions dealt with: M/s Thermon Heat Tracers Limited, Mumbai M/s Dodsal Pte Limited, Qatar(Middle East Country) Heading Finance and Administration functions for its India and Middle East operations EPC Project Management Budgeting and control Finalization of project related critical purchase orders Management Accounting and Financial Accounting ( In SAP) and interaction with statutory Auditors, M/s Ernst and Young Working capital management Direct taxation Insurance matters Achievements Streamlining the project budgeting and its control KTS Limited, Ghana(West Africa) Restructuring of long term debts availed from Standard Chartered Bank ,UK/ Exim Bank, USA/ Actis and Comafin (UK based mutual funds) and restructuring of working capital arrangement availed from Trust Bank, Ghana Direct and indirect taxation Company secretarial and legal matters Commercial matters such as monitoring and control of critical purchases, stores related issues Management and Financial Accounting and interaction with statutory Auditors , PriceWaterhouse and Coopers Working capital management Achievements Contributed along with CEO to turn around of financials Indorama Cement Limited, Mumbai Availment of long term funding from ICICI, IFCI and IDBI to the tune of Rs. 100 Crores Fund based and non fund based Working capital tie up with State Bank of India and ICICI Coordinated due diligence work ,for divestment of business, with an international consultancy firm,M/s Price Waterhouse and Coopers Company secretarial matters and board related issues Commercial matters such as dealing with Govt. Authority, SIA for availing sanction for foreign investment, sales tax authorities for availment of sales tax exemption Direct taxation matters such as preparation of returns, attended cases upto Dy. Commissioner level, TDS related issues Interacted with auditors, M/s Lodha and Co. for statutory audit and tax audit Working capital management Dealt with banks regarding matters such bank inspections, foreign and local L/C related issues etc.. Business Plan preparation Introduction of Management Accounting reports and oracle based financial accounting system Dealt with Plant Insurance and other general insurance matters Achievement Successfully availed project loans from Financial institutions of international repute at the time when cement industry was in doldrums Ispat Industries Limited, Mumbai Assisting CFO for availment of long term funds and working capital funds Monitoring regulatory norms of RBI applicable for group companys Non Banking Finance Company Dealing with Credit Rating Institution, ICRA for Fixed Deposits Amethi Textiles Limited, Mumbai Restructured long term debts availed from IFCI,ICICI and IDBI Tied up working capital limits with Punjab National Bank Co ordinated IPO related work among CRB Capital and American Express Bank Company secretarial functions Management Accounting Achievement Restructured Long term debts

Previous :

Asst. General Manager, M/s Dodsal Pte Limited
Mumbai

Worked from 1993 to 1994

Brief summary :

March 1997 May, 1993 to August 1994 M/s Dodsal Pte Limited, multinational construction major, executing contact of USD 253 millions, peak employee strength being 8,000, working in the capacity of Site Finance Head, based at Qatar (Middle East country) M/s KTS Limited, HSBC(South Africa) owned logistic company, employee strength 350 employees, annual turn over USD 100 millions, worked in the capacity of Head-Finance and Administration, designation being Financial Controller, based at Ghana M/s Indorama Cement Limited, Indorama group company, annual turnover Indian Rupees 3,000 millions, last designation being Asst. General Manager (Finance), No. 2 position in Finance department, based at Mumbai M/s Ispat Industries Limited (formerly known as Nipon Denro Ispat Limited), annual turnover Indian Rupees 20,000 millions, worked as Asst. Manager(Finance), based at Mumbai, transferred to its associate group INDORAMA M/s Amethi Textiles Limited, listed public limited company, annual turnover Indian Rupees 500 millions, worked as Asst.Manager(Finance) based at Mumbai Career History in detail (Mentioned only for post qualification, CA, experience) Since November 2006 Undertaken an overseas assignment with, a major multinational player in construction sector, Dodsal Pte Limited,at Qatar(employee strength 8,000), in the capacity of Site Finance Head Reporting to: Project Director Responsibilities Financial Accounting (in SAP) Management Accounting Monitoring and control on project budget Working Capital Management Commercial functions such as taxation and other commercial matters Dealing with Banks Insurance matter Achievements

Mukund M. Honkan's Education

The Institute of Chartered Accountants of India
CA
India
From 1986 to 1992

The Institute of Chartered Accountants of India
CA
India
From 1986 to 1992
 
 
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Mukund's communities
Project Management ++
22054 members, 610 jobs, 812 articles, 392 questions, 599 debates, 256 idea contests.
Construction Planning & Management
25984 members, 211 jobs, 568 articles, 570 questions, 621 debates, 368 idea contests.
Finance & Accounts
20103 members, 151 jobs, 313 articles, 187 questions, 424 debates, 129 idea contests.
Mukund's contributions
Myself is C.A. I need to know what is the fucntion of peoplesoft finance, can some one brief me. Thanks Mukund M. Honkan
Eye opening and good management article. Regards, Mukund M. Honkan
Nice article we should practice and hope outcome will be as mentioned Regards, Mukund M. Honkan
I think its a responsibility of corporate to create a atmosphere where employee will not feel to leave job. Most of the employees are not changing jobs on their own. In my view, 2-3 years are quite enough from stability factor. Employee must explore...
 
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