Sumit Lath (Ca, Cs, Cma) Email & Phone Number

Hong Kong, Hong Kong Sar

Hong Kong Sar

• Drive disciplined growth and profitability by preparing and reviewing the business plan with the CEOs and Board for the overseas business of a listed organization.• Improved bottom-line profitability and overall cost controls, achieving growth objectives through flexible and innovative approaches towards rapid-changing environments.• Enhanced performance reporting, insights, and analysis, providing quicker, more accurate commercial decision-making.• Group working capital management and Banking Relationship• Restructured business transactions considering the "First Sale Rule" for custom valuations of imports for US customers.• Successfully reduced bank charges, interest costs, creating alternative measures of funding and payment terms, and establishing shared service facilities in low-cost centres.• Managed the Group banking relationship and extending relationships with varied Financial Institutions.• Contributed to converting loss-making units of the Group company's operations into a break-even during FY 2020-21 and into substantial profit from FY 21-22 onwards as a critical team member.• Drove substantial growth in financial planning and management due to the Covid 19 pandemic severely impacting the apparel industry.• Managed process re-engineering, consolidating complete processes and reducing paperwork by 75%.• Championed sustainable project financing and investment decisions for long term ethical progression.• Deliver results within stipulated timeframes, oversee international teams distributed over HK, Vietnam, Bangladesh, India, Indonesia, and Dubai, prepare month-end closing, report, and analyze. • Ensure compliance with policies and Govt regulations in designing internal controls and financial statements.• Risk Management by weekly tracking of accounts receivable and payments from customers, ensuring credit insurance availability, financial analysis and checking the customers' creditworthiness.

Hong Kong

• Prepared and delivered the annual, quarterly, and monthly financial results with detailed analysis.• Managed relationships with financial institutions to ensure smooth working capital management. • Consolidated Group financials and closed quarterly and yearly audits and statutory compliances.• Successfully implemented a transfer pricing policy.

Lagos, Nigeria

• Directed and controlled business worth US$700M.• Experience working within the factory, learning inventory management, reorder level logistics, cost reduction thinking, BOM Analysis, daily production planning, inventory control reporting, raw material price negotiation and consumption variance analysis. • Prepared the annual operation plan based on zero-based budgeting and financial reports, including balance sheet review, MIS reports, cost optimization, raw materials negotiation and warehouse planning.• KPI analysis to reduce scrap and waste and boost efficiency, effective SOP for spare parts management• Successfully delivered complete IFRS implementation.

Mumbai Area, India

• Determined the creditworthiness of potential customers.• Approved and rejected loans based on available data, investigations, and analysis.

India

• Developed statutory and internal auditing processes and implemented policies and procedures.• Provided corporate consultancy services to clients.

India

India

India

Chartered Accountant, Accounting And Finance

Chartered Accountant

Cost And Management Accountant, Costing And Auditing

Company Secretary, Banking, Corporate, Finance, And Securities Law

Bachelor In Commerce (Hons.), Accounting And Finance