PRASAD JAHAGIRDAR PRASAD JAHAGIRDAR –FCA - 039720–FCA - 039720 PRASAD JAHAGIRDAR PRASAD JAHAGIRDAR –FCA - 039720–FCA - 039720

ENGINEERING & CAPITAL GOODS ENGINEERING & CAPITAL GOODS SECTORSECTOR

ENGINEERING & CAPITAL GOODS ENGINEERING & CAPITAL GOODS SECTORSECTOR

Chief Financial Officer –CMI FPE Limited

• Turnover (Sales) of the Company in Turnover (Sales) of the Company in Rupees:Rupees:

• Rs. 357.62 Crores (FY 2011-12)Rs. 357.62 Crores (FY 2011-12)

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

Rs. 151.60 Crores (FY 2011-12)Rs. 151.60 Crores (FY 2011-12)

• Market Capitalization of the Organization:Market Capitalization of the Organization:

• Rs. 402 Crores (as on 30.10.2012)Rs. 402 Crores (as on 30.10.2012)

KEY ROLE IN THE ORGANIZATIONKEY ROLE IN THE ORGANIZATION

Heading Accounts, Finance, Heading Accounts, Finance, Taxation, Controlling, Secretarial and Taxation, Controlling, Secretarial and Legal functions of the Company and Legal functions of the Company and advisory roll to the Management of advisory roll to the Management of the Company as well as Parent the Company as well as Parent Company. Company.

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTSManagement of financial risk.Management of financial risk.• Meeting with RBI and Bank officials to discuss banking payment systems for the Company in view of de-blocking the Meeting with RBI and Bank officials to discuss banking payment systems for the Company in view of de-blocking the

route for receiving remittances from Iran owing to USA embargo. Arranged payment gateway through State Bank of route for receiving remittances from Iran owing to USA embargo. Arranged payment gateway through State Bank of India and other foreign Banks. India and other foreign Banks.

• Initiated Hedging process in order to mitigate the foreign exchange exposures, as a prudent financial discipline.Initiated Hedging process in order to mitigate the foreign exchange exposures, as a prudent financial discipline.• Leading development of a medium term financial strategy and the annual budgeting process to ensure financial Leading development of a medium term financial strategy and the annual budgeting process to ensure financial

balance and a monitoring process to ensure its timely delivery.balance and a monitoring process to ensure its timely delivery.• Obtained “A+”credit ratings for Long term and “P1” for short term borrowings from CRISIL as against A- for long term Obtained “A+”credit ratings for Long term and “P1” for short term borrowings from CRISIL as against A- for long term

and PR2+ for short term facilities from CARE by way of making improvement in company’s financials and unlocking and PR2+ for short term facilities from CARE by way of making improvement in company’s financials and unlocking economic value. economic value.

• Prepared financial strategy for sustainable finances with aim to achieve optimum use of fund nearer to Debt free Prepared financial strategy for sustainable finances with aim to achieve optimum use of fund nearer to Debt free status.status.

  Role in managing acquisitions, mergers, takeovers etc. Role in managing acquisitions, mergers, takeovers etc. • Active participation in core team for evaluating and implementing of various corporate actions of restructuring. Active participation in core team for evaluating and implementing of various corporate actions of restructuring. • Presently evaluating proposal of merger of one of the companies into present employer company. Presently evaluating proposal of merger of one of the companies into present employer company.

Raising capital through innovative financial products and / or corporate restructuring.Raising capital through innovative financial products and / or corporate restructuring.• Sparing use of sub PLR short term bank lending products designed to match the requirements of the Company like Sparing use of sub PLR short term bank lending products designed to match the requirements of the Company like

short term WCDL, etc.short term WCDL, etc.• Raised term loan from reputed HDFC bank at a very competitive rates, during FY 2011-12, a rising interest rates Raised term loan from reputed HDFC bank at a very competitive rates, during FY 2011-12, a rising interest rates

regime.regime.• Arrangement of Working capital credit facility from the banks under various arrangement consortium of bankers, Arrangement of Working capital credit facility from the banks under various arrangement consortium of bankers,

individual/multiple banking as per needs of the Company and closely monitor and continues optimization of cost of individual/multiple banking as per needs of the Company and closely monitor and continues optimization of cost of funds. funds.

• Expedited the process of obtaining refund from sales Tax Authorities and obtained Sales Tax refund of Rs.19.00 Crs, Expedited the process of obtaining refund from sales Tax Authorities and obtained Sales Tax refund of Rs.19.00 Crs, which improved the cash flow position of the Company. which improved the cash flow position of the Company.

• Negotiated hard to reduce LC/BG commission charged by the Banks from 3% to 0.5% resulting into substantial Negotiated hard to reduce LC/BG commission charged by the Banks from 3% to 0.5% resulting into substantial saving.saving.

• Balancing Debt-Equity Ratio in a manner that it has improved the borrowing capacity of the Company.Balancing Debt-Equity Ratio in a manner that it has improved the borrowing capacity of the Company.

Implementation of best business and financial practices.Implementation of best business and financial practices.

• Introduced management information and reporting systems in place to provide a framework, which is more Introduced management information and reporting systems in place to provide a framework, which is more authenticated, reliable, credible and errors free, generated straight through the systems and delivered the authenticated, reliable, credible and errors free, generated straight through the systems and delivered the essential information with details analysis which required to maximise business performance and timely decision essential information with details analysis which required to maximise business performance and timely decision making. making.

• Uses of Technology advancement in Banking operations reduced manual process by way of eliminating Uses of Technology advancement in Banking operations reduced manual process by way of eliminating redundancies which resulted into improved efficiencies redundancies which resulted into improved efficiencies

• Implemented measures to control cost/expenditure. Implemented measures to control cost/expenditure.

Strong relationship with stakeholdersStrong relationship with stakeholders

• Built robust relationships both internally and externallyBuilt robust relationships both internally and externally

• Supporting and advising all members and officers in their respective rolesSupporting and advising all members and officers in their respective roles

• Arranged and handled Analysts Meet to project image of the CompanyArranged and handled Analysts Meet to project image of the Company  

Positive impact on revenue and costs through innovations.Positive impact on revenue and costs through innovations.

• Negotiated hard with the Banks for working capital facilities including cash flow, WCDL, Buyers credit, etc. at a Negotiated hard with the Banks for working capital facilities including cash flow, WCDL, Buyers credit, etc. at a very competitive rates, which are sometimes not offered to the large corporate groups. very competitive rates, which are sometimes not offered to the large corporate groups.

• Better inventory management and working capital management resulted in saving of costs. Better inventory management and working capital management resulted in saving of costs.

• Better funds management resulted in earning of interest income of Rs. 375 Lacs in FY 2011-12 and Rs. 302 Lacs in Better funds management resulted in earning of interest income of Rs. 375 Lacs in FY 2011-12 and Rs. 302 Lacs in FY-2010-11. FY-2010-11.

• Steered improvement in cash flow situation by achieving tight control on Inventory and Accounts ReceivablesSteered improvement in cash flow situation by achieving tight control on Inventory and Accounts Receivables

• Improved collection cycleImproved collection cycle

Role in regulatory and legal compliances and Handling of corporate laws & reporting requirement.Role in regulatory and legal compliances and Handling of corporate laws & reporting requirement.

• Being a part of leadership team, ensured the adoption of best practices through development of corporate Being a part of leadership team, ensured the adoption of best practices through development of corporate governance arrangements, risk management and reporting framework; decision making arrangements, etc. governance arrangements, risk management and reporting framework; decision making arrangements, etc.

• Maintain an appropriate balance between the technical financial aspects of the CFO role and broader focus on the Maintain an appropriate balance between the technical financial aspects of the CFO role and broader focus on the environment and stakeholder expectations and needsenvironment and stakeholder expectations and needs

Recognition, award(s) won & personal milestones.Recognition, award(s) won & personal milestones.

• Conferred Best CFO in the in the category 'Winning Edge in Raising Capital' – CFO100-2012 by the CFO Institute, Conferred Best CFO in the in the category 'Winning Edge in Raising Capital' – CFO100-2012 by the CFO Institute, New Delhi.New Delhi.

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTS