Balaprakash Avnd Email & Phone Number

Hyderabad, In

Hyderabad, Telangana, India

Hyderabad, Telangana

Belcan is one of the Leading Engineering Services providers in Aerospace industry, provides solutions and support in Product Engineering, Software and Digital Engineering, Workforce solution, Manufacturing & Supply chain. Spearheaded Belcan India, collaborating closely with and advising Senior leadership team in business growthNotable achievements:  Successfully Migrated to Oracle from tally in a record time.  Successfully completed merger of a legal entity Got old pending export Incentives and improved the cashflow  Achieved huge cost savings through negotiations and process improvements  Developed Power BI reports for a detailed analytical view of Business  Streamlined the accounting and finance reporting and increased the pace in month closing and year closing and audits  Supported other functions like HR / Admin & Operations in improving their process  Implemented paperless office and Zero errors in complianceResponsibilities include: End to End finance & Accounts like preparation and presentation of financial statements in Oracle on monthly basis both in USGAAP & IGAAP, Monthly books closure includes Revenue recognition, provisioning, cost segregation for DTA & SEZ and Fixed asset capitalization, revaluation of closing balances and AP/AR Reco and closing periods. • Handled complete treasury function, timely collection of receivables & payments to suppliers• Handled Statutory audit, tax audit, Transfer pricing audit & GST audit, preparation of annual financial statements and present it to the board • Secretarial compliance, periodical filings & XBRL financials • Preparation of periodical budgets, Reports in Power BI tool for better data analysis • Handled Direct & Indirect tax and completed the pending assessments, Received pending export incentives. • Handled HR & Admin department as a part of additional portfolio which includes setting up HR Policies and procedures, Payroll processing and Admin support for maintenance of the facility

Hyderabad, Telangana, India

DQ Entertainment (DQE) is an animation, gaming, live action entertainment - production and distribution company Spearheaded DQ Entertainment by closely working with CFO & Director FinanceNotable achievements:  Implemented IFRS, INDAS and USGAAP for the company, with Multi currency, Multi GAAP consolidation  Closely worked with Finance Director in raising Debt funds through bonds worth of $50 Mn and providing MIS to the investor  Have got good exposure in Working with Indian Listed company and London Listed company  Resolved all the old pending tax litigations and obtained huge tax savings  Have obtained huge Export incentives like SEIS and GST refunds  Streamlined the financial reporting and improved the Statutory compliance  Implemented GST first time adoption to the companyResponsibilities include • Preparation of financial statements for the Group company & subsidiaries and submission of Quarterly and Annual results to NSE & BSE • Spearheading the Board meetings by presenting the financials and strategies to improve the business growth, to the board • Preparation of Cash flow projections for investors and valuation of Intellectual Property. • Handling banks towards obtaining short term and long-term loans and preparation of Stock statements / CMA data for renewal of existing loans. Also have experience in submitting application for restructuring of existing facilities • Implemented Internal Control framework for finance reporting (ICOFR) • Handled Statutory audit & Tax audit of Group company and subsidiaries which are spread across the globe.

Hyderabad, Telangana, India

Tecumseh Products India (P) Limited is the wholly owned Subsidiary of Tecumseh US, which is the leading manufacturer of Hermetically sealed Compressors Notable achievements:  Successfully completed tax assessments for continuous 5 years without any adjustments  Obtained huge Export incentives like FPS, Duty drawback and VAT refunds and helped for the cashflow of the company  Effectively managed the company cashflows by utilizing the fund-based limits like CC/Short term loan and through various non-fund-based limits like Bill discounting / Packing credit / LC & BG etc. from banks  Implemented Internal controls towards SOX compliance  Taken many Cost Control measures in the operationsResponsibilities include Monthly preparation of financial statements both in USGAAP & IGAAP, MIS reports  Detailed account analysis, GL recos, AR / AP management  Worked extensively in Oracle and have good exposure in product costing & Inventory valuation  Have good exposure in preparing Capital Expenditure proposals,  Preparation of Budgets & close monitoring the variances against budget, Close follow-up with customers and timely realization of debtors.  On time payment of PF/ TDS / Income tax and filing all the statutory returns and statutory compliances  Handled Statutory audit, Internal audit & Cost audit comfortably as we have systematic approach of bookkeeping.  Preparation and implementation of DOA, Policies & Procedures.  Periodical Secretarial compliance towards board meetings / AGM / EGM etc and filing XBRL and AOC forms

Hyderabad Area, India

VST Industries Limited is one of the Subsidiary of British American Tobacco with a broad portfolio of manufacturing Cigarettes & Export of Tobacco Notable Achievements:  Implemented SAP for the manufacturing setup  Setup Khaini production unit after doing a thorough feasibility study of complex Excise laws and Statutory permissions  Have played crucial role in improving the Tobacco exports and getting realization of export debtors  Got huge Export Incentives like MEIS, FPS etc  Handled Transfer pricing study for the intercompany transactions  Good exposure on Cigarette costing and Brand Profitability.Responsibilities include Preparation of financial statements & MIS, maintaining G/L accounting in SAP, compliance with IGAAP and preparation of Brand wise costing & profitability and Tobacco wastage report and process losses • Monthly G/L recos, bank reconciliations, AR/AP aging and ensuring on time settlements. • Export billing and complying FEMA guidelines in terms of documentation, realisation of export proceeds and clearing the pending EDPMS, • Compliance with statutory requirements like NSSO, RBI & Tobacco board • Handling Statutory audit, TP audit and Statutory compliance

EID Parry (I) Limited is one of the Flagship companies of the Murugappa with a broad portfolio of manufacturing Sugar & Bio Division. Notable Achievements: • Handled 20MW power project and Sugar plant modernization which include preparation of feasibility study, Capital expenditure proposals, project funding, Supplier payments and reconciliation, have made detailed project reports and capitalization of assets procured for sugar factory, has participated in procurement negotiations and bids • Handled Complete factory finance and accounts at a very beginning of my career • Resolved many old pending tax litigations and property litigations for the company • Got Duty drawback and tax refunds for the companyResponsibilities include Monthly preparation of financial statements, Capitalization of assets, AP/AR management • Working Capital management • Cost Centre wise & GL code wise budgetary planning • Good exposure in Statutory Audit, Tax audit, Cost audit, • Good experience in Statutory compliance like TDS, VAT & CST, PF etc • Attended Excise / TDS hearings, • Compliance in Personnel & Operational laws

Vijayawada Area, India

Handled Stock audits in Hindustan Level Limited, stock taking for Steel Pipe dealers. • Vouching and verification of books of account prepared manually and system generated records. • APSPDCL (Andhra Pradesh Power distribution company Limited) bills verification and vouching • Computation of tax statement for Individuals, HUF's and companies

Chartered Accountant, Accounting And Finance

Activities and Societies: CA member

Company Secretary, Companies Act

Master'S Degree, Accounting And Finance

Activities and Societies: M.com

Bachelor Of Commerce (B.Com.), Accounting And Finance

Intermediate, International Business/Trade/Commerce

Activities and Societies: Secured Prestigeous Parvathaneni Brahmayya Gold medal for becoming College topper in Humanities