Changing role of the controller, Ann Desender, VP corporate finance & control...
Profile Summary of Experienced Chartered Accountant
1. PROFILE SUMMARY
MITHIL PRAMOD OZA
≈ CHARTERED ACCOUNTANT OF MAY 1997 BATCH (16 Years)
≈ 14 Years of Top Management Experience
≈ Hard Core Exposure of Financial and Operational Restructuring.
9 Operational and Financial Restructuring (4 Europe, 1 East Asia, China &
Russia, South Africa).
≈ Wide Industrial Exposure – Worked with 8 different line of industries at
various level.
≈ Worked on 4 different ERP system overseas. Exposure of Transition of the
Accounting and Operational System to ERP, Implementation and System
training and Generation.
AREA OF EXPERTISE & EXPERIENCE
Top / Senior Level Management &
Decision Making
13-1/2 Years + ( 8-1/2 yrs at International
level)
Accounts
18 Years + (6 Years on International level
& 9 Years at Higher Management Level)
Finance, Banking & Treasury
(Fund Management) Restructuring
and PE Funding
17 years +
MIS & System Development
18 years (12 years at Top Level & 6-1/2 +
on international Level)+
Sales and Marketing Decision and
Policy Making
10-1/2 Years
(5 Years International included 3 years at
Europe)
2. Resources Management
13-1/2 Years + ( 6-1/2 yrs at International
level)
Budgetary Control and Costing 14 Years+
Secretarial Work About 11 month
INDUSTRIAL EXPOSURE
MEDIUM HEAVY ENGINEERING (in Electrical Panels, Semiconductor and Hydro Electrical
Power Generation Plant),
GARMENT MANUFATURING (100% Export Oriented Unit)
AUTOMOBILE SUPPORT INDUSTRIES (Bearing Manufacturer),
PHARMACEUTICALS,
CHEMICAL AND FOOD INDUSTRIES (with 17 overseas subsidiary offices over the globe).
SERVICE INDUSTRIES (CPA Firm and other)
PAINT, RASIN, ADDISIVES AND CONSTRUCTION CHEMICALS
Briefing on Area of Expertise
1. SENIOR LEVEL MANAGEMENT EXPOSURE:
No of Years: 13-1/2 Years (5 Years of at national Level including about 7-1/2 Year
at International plat form)
Area of work exposure: Decision Making on MNC, Take over - Merger,
Marketing Strategy, Take or leave sales deal, New Joint Venture opening etc. ;
Organizational restructuring and redefining the Reporting System; Production
Planning , Vendor Search and New Product introduction to the management and
Study of Supply Chain criteria to guide the team members to establish the
concept properly and work on the same, Financial Restructuring and Planning;
Decision on key area related to Balance Sheet finalization (in India and overseas),
Legal and HR matters, Appointing Distributor Chain and Key Person in
Management.
3. 2. ACCOUNTS:
Area of work exposure:
Supervision of Day to day accounts.
Finalization of Accounts India & Overseas in line with the Accounting
Standard and GAAP
Dealing with Statutory Auditors at Various countries (17 Countries).
Preparation of Monthly / Quarterly P & L & Balance sheet and
Presentation to Management.
Various Controls over AR, AP & Expenses.
Providing data enabling to decide tender prices for International bid.
Preparation and Signing the JV accounts and observing the Audit across
the globe
Overseas Exposure: Worked on the various International Accounting Software
e.g. SAGE (UK), PASTEL(SA), MARINO ERP (SPAIN), QUICK BOOK (USA &
MEXICO), TALLEY (INDIA), and other tailor made software. An exclusive
exposure of 2 Years in European Offices UK, Spain, Italy, France & Germany.
3. FINANCE, BANKING & RESTRUCTURING, FUND MANAGEMENT
(TRESURY), CROSS BORDER BORROWING :
Area of work exposure: National and International banking and Finance by way
of arranging the finance from bank for various countries in Europe, East Asia,
India and China.
An exclusive exposure of 2 Years in European Offices UK, Spain, Italy, France &
Germany for Financial Restructuring and Revival of existing Production Facilities of
Value added products.
Finance arrangement In India and overseas for Long term and Working Capital
finance. Worked on more than 75 successful financial long term and short term
projects in India, and 7projects in Europe including UK and Spain.
4. Profile in the Area: with the position of Group CFO / CEO at corporate office
with the responsibility to control the Finance & Fund position for 18 overseas
subsidiary companies. As an added profile taking care of three Businesses
promoted by ROHA Promoters. (Industrial Cable, Filter Press and Food
Ingredients) and in India with following objective:
a. Optimum utilization of the fund available in the offices.
b. Arranging the short term loan for the Subsidiary offices.
c. Minimization of Interest on loan with a mix of different mode of Finance.
d. Monitoring the fund position of the entire operation.
e. Arranging the fund for various take-over and buy back deals.
f. Financial Restructuring and revival package for the Bought out New
Businesses
g. Preparation of JV agreements, supervision of Diligence Audit, Preparation of
the Frame work for the Take Over & Merger/ JV / Buy Back options.
4. MIS AND SYSTEM DEVELOPMENT:
Area of work exposure:
Study of MIS reports received from overseas offices, plant, HR, dispatches,
Purchases, Account and finance and put forward the summary report on the
same in form of the Chairman or Director along with suggested comments on
decision to be taken for management approvals.
Submission of MIS reports to the European Head Office on Indian Continant
Business Development and future Strategy to make good and more business.
An exclusive 4 Years exposure in European Offices UK, Spain, Italy, France &
Germany.
Contribution in the Area of System Development and MIS:
Developed (in India and Overseas) various program of Cost Control
/monitor, Production Plan, Sales and Financial Analysis, Sample Tracking
System, Costing to get maximum output through the data available and
the reports can constructively used for decision making for Pricing, Stock
Control etc.
5. System development on other area of management as well like Batch
traceability, Customer Service etc.
Worked on the Mapping of Expected reporting requirements for Group as
a whole to introduce ERP system in the organization and the suggestions
given were appreciated and incorporated in the application.
Supervision of Transition activity for ERP on a Global Platform.
Developing a Strong Supply chain to reduce the stock holding by 60%.
Implementation of the Strong Supply Chain for various industries and
Countries resulted in a big reduction of Interest cost and stock holding.
5. SALES AND MARKETING:
Area of work exposure: International Market exploration for Food Color in
Europe, Asia and South Africa. To finalize the deal with the end customer for
various products keeping in mind the Product Basket with the maximum
margin. Dealing with various multination companies (Coca Cola, Pepsi, Heinz,
WILD, Nestle, Unilever, etc) for Sales, Production and dispatch related issues.
Attended various International exhibition in for Food industries International
Food Ingredient Exhibition (France – Paris) European Sea Food Exhibition
(Brussels – Belgium) and International Sweet Manufacturers Exhibition Colone –
Germany)
Exploring the new customer for value added product. Educate the existing
customer to use the upgraded version of the product to give an attractive
appearance to their product by presentation and discussion.
Exploring the possibility of New Market where the product of the company can
be sold at a premium price.
Exposed to Marketing in India for Overseas MNC company’s Specialty Products
by adding Indian Big Corporate in the Customer List by introducing the
planning and support to the customer stock level whereas the knowledge of
Academic Back Ground supported to a great extend. This helped to improve the
sale of the company in 4 folds in 4 years.
6. 6. RESOURCE MANAGEMENT (PRODUCTION AND STOCK
MANAGEMENT):
No of Years: 13-1/2 Years (6 Years of at national Level including about 6-1/2 Year
at International platform, including and exclusive exposure of 4 Years in
European Offices UK, Spain, Italy, France & Germany).
Area of work exposure: Supply chain management, Vendor Development,
Production planning by keeping in mind maximum utilization of the plant
capacity and availability of raw material. Internal movement of the stock
between warehouse and branches to avoid the additional production and
transportation cost.
HR and Legal clearance for Plant and New Ventures, Working on Own
Production or Job Work Decision making at International and National Level.
7. BUGETORY CONTROL AND COSTING
Decision making work on cost structure and Production pattern to optimize the
Cost of Production and Increase the out put by 20 to 25% within the same set of
Equipments.
Changing the Buying pattern and production process whereas the cost of
Production reduces.
Exposure of Costing and Production pattern Setting in Europe, East Asia, Africa,
China and India with Chemical, Food Color, Ink & Resin Industries.
8. ONE TIME ASSIGNMENTS
a. Take over and Buyback & Restructuring (with in India and Overseas)
Mmber of team for take over of a pharmaceutical company and there after
handled following projects single handed or as a team leader on take over and
buy back of shares on an international platform. Handled 3 deal for buy back of
Joint Venture Partner (UK, Spain & HK), 3 Deal of Take over (Indonesia, South
Africa & UK).
Analysis for take over proposals on hidden liability, fund position, legal aspects,
comments on ratios etc. Negotiation for price on restructuring share holding
pattern.
b. Energy Conservation works
Handled the project of Wind energy power plant, conversation from Oil heated
Furnace to Gas fired furnace.
7. c. Financial Restructuring, Expansion Plan and Establishing New Plant
On a National Platform worked on an expansion project by way of putting new
plant and machinery for Bearing and Garment Industries.
On an International level worked on various expansion projects for establishing
the plant at South Africa, Thailand, Spain, UK and Indonesia.
Restructuring of European Operation. Objective was to make them financially
feasible to give the return on investment expected by management.
9. Secretarial Work
Preparation of Agenda for Board Meeting, Attending the AGM and preparation
of Notes. Resolution drafting, preparation of minutes of meeting etc.
PERSONAL & CONTACT DETAILS
First Name : MITHIL
Family Name : OZA
Father’s Name : Mr. Pramod
Date of Birth : October 24, 1970.
Marital Status : Married – (Two Childs)
Nationality : Indian
Permanent Address : D – 404, Link Palace, Sai Baba Complex
Goregoan East – MUMBAI - INDIA
Cell No +91-09702920562
E-mail : mithilpoza@gmail.com
Strengths :
Excellent Communication Skill
Hard Working
Strong Determination power and self confident
Broad minded
Helping nature
8. Hobbies : Travelling
Swimming
Reading
Extra Activities :
Attended three days seminar on Merger, Amalgamation & Takeover at The
Nirma Institute of Management, Ahmedabad.
Senior Division N.C.C. [National Cadet Corps] Certificate in Naval Wing.
Participated in different activities of N.S.S. [ National Services Scheme ]
Professional experience at A Glance
Organisation Activity Business Position Duration Posted At
POST QUALIFICATION (Chartered Accountancy)
Neelikon Food
Dyes and
Chemicals Ltd
Food Color
Manufacturer
Rs 200 Cr CPO Jan 2015 –
Till Date
Reporting
CMD
Mumbai
Worlee Chemie
India Pvt. Limited
Navi MUMBAI
100% Subsidiary
Manufacturing
Company of
Worlee GbmH
85 Million U.S.
Dollars (Rs. 550 Cr.).
CEO 1st Sept 09 –
Dec’ 14
Reporting to:
Group CMD
at Germany
Navi
Mumbai
Maharashtra
– India
Roha Dyechem
Pvt. Limited
MUMBAI
World’s Second
Largest Food
Color
Manufacturing
Company
38.71 Million U.S.
Dollars (Rs. 275 Cr.)
for Indian Unit &
around USD 100
Million all over
Globe. Total
Business Turnover
under responsibility
– INR 432 Cr.
CFO
(Started as
AGM
Finance)
15th October
03 – 31st
August 2009
Reporting to:
Group CMD
Mumbai
Maharashtra
– India
9. Deputed as
European
General
Manager
For a period
of 1-1/2
years from
July 07 to Feb
09
Placed at
Caldicot
(UK).
Samvid Engg. Bearing
Manufacturer
40 Crore INR Sr Executive
Finance
June 2001 –
Oct 2003
Placed at
Ahmedabad
D.G.Patel & Co.
Dar-es Salaam
Tanzania
Leading CPA
Firm in Dar –es-
Salaam,
Audit & Feasibility
Report
Manager –
Audit & EDP
2 Feb. 2001 –
26 April 2001
Dar-es-
Salaam
Tanzania
Jyoti Ltd. Baroda,
India.
Light & Medium
Engineering
Manufacturing
Company.
37.00 Million U.S.
Dollars (Rs. 175
Crores)
Asst.
Manager
(Finance)
Two Years
(Jan. 4th, ‘99 –
20 Jan ‘01)
Baroda
Gujarat
India
Vogue Garments,
New Delhi, India.
Export of Ready-
made Garments.
6.50 Million
U.S. Dollars
(Rs.25 Crores)
Manager
(Finance &
Account)
One & Half
Year (10th
May ‘97– 15th
Dec. ’98)
New Delhi
India
PRE QUALIFICATION (Chartered Accountancy)
Elbee / UPS
Services Ltd.
Ahmedabad
India
World Wide Courier
Service
50.00 Million U.S.
Dollar (Rs.200
Crores)
Branch
Accountant
Six Month
(15th June ‘96
– 31st Dec.
‘96)
Ahmedabad
India
G.A. Seth & Co.
Ahmedabad
India
Chartered Accountant
Firm
A 25 year old
Practicing
Chartered
Accountants Firm
Audit-
Assistant
One Year
(1st June ‘95 –
31st Mar ‘96)
Ahmedabad
India