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Name of the Nominee – RAVISHANKAR.M.A ICAI Membership Number – 023269 Name of the Nominee – RAVISHANKAR.M.A ICAI Membership Number – 023269 Category and.

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Presentation on theme: "Name of the Nominee – RAVISHANKAR.M.A ICAI Membership Number – 023269 Name of the Nominee – RAVISHANKAR.M.A ICAI Membership Number – 023269 Category and."— Presentation transcript:

1 Name of the Nominee – RAVISHANKAR.M.A ICAI Membership Number – Name of the Nominee – RAVISHANKAR.M.A ICAI Membership Number – Category and Sub–Category of the Awards for which applying : Category and Sub–Category of the Awards for which applying : CFO of business unit in Public Sector Category and Sub–Category of the Awards for which applying : Category and Sub–Category of the Awards for which applying : CFO of business unit in Public Sector Present Designation - Addl. General Manager ( Finance/Military Radars) Name of the organization – Bharat Electronics Ltd.,

2 Turnover (Sales) of BEL: Rs Crs and Rs.764 Crs for the Business Unit -MR Turnover (Sales) of BEL: Rs Crs and Rs.764 Crs for the Business Unit -MR Net worth BEL: Rs Crs Net worth BEL: Rs Crs Market Capitalization of BEL: Rs Crs Market Capitalization of BEL: Rs Crs Note: Please give details of the company where the person is located. For CA Business Achiever or CFO where person is handling multiple companies within a group, please give composite details of all companies under the domain of nominee. Details of Individual companies may be given separately. The applicants of CA Professional Achiever should give details only of the company where they are working.

3 KEY ROLE IN THE ORGANIZATION CFO of the major business segment of the BEL, Bangalore Unit. CFO of the major business segment of the BEL, Bangalore Unit. Involved in strategic business decision making and head of the top financial management team of the organization. Involved in strategic business decision making and head of the top financial management team of the organization.

4 MAJOR ACHIEVEMENTS – [MATERIAL COST REDUCTION IN THE AREA INDIRECT TAXES IN THE ABSENCE OF CENVAT CREDIT] The value of goods purchased/to be purchased is Rs.562 crs with applicable excise duty of 10%/12% with cess on the delivery which is spread over 5 years from the year The value of goods purchased/to be purchased is Rs.562 crs with applicable excise duty of 10%/12% with cess on the delivery which is spread over 5 years from the year The vendor had classified the goods under Excise Chapter head which attracted 10%/12% duty with cess. The matter was taken up with the vendor for the correct classification of goods under chapter head , where the applicable rate was 5%/6%+cess. The vendor had classified the goods under Excise Chapter head which attracted 10%/12% duty with cess. The matter was taken up with the vendor for the correct classification of goods under chapter head , where the applicable rate was 5%/6%+cess.

5 Saved around Rs.31 crs to the Co. by taking up with the vendor for correct classification of the goods under Excise chapter. Saved around Rs.31 crs to the Co. by taking up with the vendor for correct classification of the goods under Excise chapter. This is surely an area for material cost reduction which is not generally thought of at the time of placing purchase orders. Excise Chapter Classification of vendors is very important area for cost reduction when the out put is not CENVAT able due to nil E.D as the supplies are to Defence Forces. This is surely an area for material cost reduction which is not generally thought of at the time of placing purchase orders. Excise Chapter Classification of vendors is very important area for cost reduction when the out put is not CENVAT able due to nil E.D as the supplies are to Defence Forces. The above was taken up, excise clearance was made in March 2012 at 6.18% and the same is not disputed by the Central Excise Commissioner. The above was taken up, excise clearance was made in March 2012 at 6.18% and the same is not disputed by the Central Excise Commissioner.


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