ADITYA BAGALKARADITYA BAGALKAR -134294 -134294 ADITYA BAGALKARADITYA BAGALKAR -134294 -134294

CA Professional Achiever: Engineering & CA Professional Achiever: Engineering & Capital Goods SectorCapital Goods Sector

CA Professional Achiever: Engineering & CA Professional Achiever: Engineering & Capital Goods SectorCapital Goods Sector

ASSISTANT MANAGER – LARSEN & TOUBRO LIMITED

• Turnover (Sales) of the Company in Turnover (Sales) of the Company in Rupees:Rupees: Rs. 64,960 CrRs. 64,960 Cr

• Net worth of the Company:Net worth of the Company:

Rs. 29,387 CrRs. 29,387 Cr

• Market Capitalization of the Organization:Market Capitalization of the Organization:– Rs. 80,031 Cr – March’12Rs. 80,031 Cr – March’12– Rs. 98,010 Cr – September’12Rs. 98,010 Cr – September’12

KEY ROLE IN THE ORGANIZATIONKEY ROLE IN THE ORGANIZATION • Handling Accounts Payable section in charge of Handling Accounts Payable section in charge of

vendor payments of Hydrocarbon division of L&T.vendor payments of Hydrocarbon division of L&T.

• Verification of purchase orders, vendor ledger Verification of purchase orders, vendor ledger scrutiny, review of Standard Operating Procedures, scrutiny, review of Standard Operating Procedures, accounts closing team member.accounts closing team member.

• Preparation & submission of Monthly Information Preparation & submission of Monthly Information Report for Accounts Payable section.Report for Accounts Payable section.

• Ensuring statutory compliances with respect to TDS Ensuring statutory compliances with respect to TDS provisions, MSMED etc.provisions, MSMED etc.

• Creating awareness amongst business & finance Creating awareness amongst business & finance department for developments related to statutory department for developments related to statutory provisions & new SAP system configuration.provisions & new SAP system configuration.

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTSProcess ImprovementsProcess Improvements

• The bill payment cycle was reviewed & following developments The bill payment cycle was reviewed & following developments were made:were made:

Effective monitoring of payment cycle in F&A through introduction Effective monitoring of payment cycle in F&A through introduction of new field “Invoice receipt date” & thereby ensuring avoidance in of new field “Invoice receipt date” & thereby ensuring avoidance in delays in payments to vendor.delays in payments to vendor.

Further segregation of duties between invoice processing & Further segregation of duties between invoice processing & payment through use of “auto run function”.payment through use of “auto run function”.

Enhanced system control & accuracy through system based Enhanced system control & accuracy through system based calculation of retention & liquidated damages amount.calculation of retention & liquidated damages amount.

Improved role clarity in F&A.Improved role clarity in F&A.

Handling Tax SurveyHandling Tax Survey

• Was involved in handling Income Tax Survey effectively. We were Was involved in handling Income Tax Survey effectively. We were able to convince the officer on various issues to deduct TDS under able to convince the officer on various issues to deduct TDS under correct section towards subcontracting charges, equipments & correct section towards subcontracting charges, equipments & restrict the demand notice to Rs 2 cr. instead of possible Rs 60 cr. restrict the demand notice to Rs 2 cr. instead of possible Rs 60 cr.

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTSInternal Control DevelopmentsInternal Control Developments

• Developed Internal Control Questionnaire for 14 critical areas.Developed Internal Control Questionnaire for 14 critical areas.

• Instrumental for development, review & update of Standard Instrumental for development, review & update of Standard Operating Procedures for accounts payable section.Operating Procedures for accounts payable section.

System DevelopmentsSystem Developments

• Developed a new SAP transaction code for passing of TDS Developed a new SAP transaction code for passing of TDS rectification JV through TDS module thereby capturing all the TDS rectification JV through TDS module thereby capturing all the TDS related entries in the module & enabling us to prepare TDS return related entries in the module & enabling us to prepare TDS return data timely & accurately.data timely & accurately.

• Developed a new “Trading partner” function in SAP to capture the Developed a new “Trading partner” function in SAP to capture the related party transactions directly from the SAP instead of tedious related party transactions directly from the SAP instead of tedious calculation done earlier for backward calculation of expense amount.calculation done earlier for backward calculation of expense amount.

Other AchievementsOther Achievements

• Provided support for obtaining tax refund for foreign vendors & Provided support for obtaining tax refund for foreign vendors & onward remittance to L&T as the same is borne by L&T.onward remittance to L&T as the same is borne by L&T.