Experience

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  Big Bird Foods

  • Lahore District, Punjab, Pakistan

  • Group Chief Financial Officer

    • Aug 2020 - Present
    • Lahore District, Punjab, Pakistan

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  XLA Mobility (Pvt.) Ltd, XLA Tech (Pvt.) Ltd, TrukkiTech (Pvt.) Ltd.

  • Lahore District, Punjab, Pakistan

  • Co-Founder/CFO/COO

    • Jun 2020 - Present
    • Lahore District, Punjab, Pakistan

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  Sufi Steel Industries (Pvt.) Limited, Sufi Corporation (Pvt.) Limited & Orient Steel (Pvt.) Limited.

  • Lahore, Punjab, Pakistan

  • Group Chief Financial Officer

    • Sep 2017 - Aug 2020
    • Lahore, Punjab, Pakistan

    o Corporate restructuring/re-organization and debt profiling.o Enhancement in credit lines through commercial banks, DFIs’, and different financial institutions to meet up with the financial requirements of the company (Demand Finance/Running Finance/Cash Finance/ Bill Discounting/ LCs/SBLCs).o Attainment of strategic growth through deployment of organizational resources. (Attained substantial growth in company’s turnover from 900 million PKR in 2017 to 3,365 million PKR by 2019-year end.o Arrangement of foreign investment to bridge financial needs of the company through preference shares with convertible options to common stock.o Monitoring all compliance requirements of Regulatory Authority (SECP).o Arrangement of funds through ventures capitalists.o Establishing Tax Management Systems and handling all FBR hassles and ensuring compliance.o Planning and ensuring the enlisting of company into PSX to raise more capital to enhance production capacities and capabilities.o Planning to pay off long term debts through IPO proceeds to reduce financial risks.o Monitoring the cost controlling department through strategic planning, developing and forecasting through budgets based on standards.o Setting up the goals to minimize the deviations from the standard/budgeted costs.o Monitoring, advising and supervising the supply chain function and help them establish development of vendors both local & foreign.o Setting production targets in terms of effectiveness and efficiency to match with optimal capacity utilization.o Lowering down the financial risks by borrowing only when needed, with cheapest possible rates, and through planning to payback debts rapidly.o Financial and Business Planning and development of corporate short term and long-term strategyo Supervise and manage the debt portfolio of PKR 20 billion & Ensuring compliance with legislation, policies and procedures and adhere to the terms of financing agreements.

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  Hatco (Pvt.) Limited (Co-Bottlers of Coca Cola)

  • Lahore, Punjab, Pakistan

  • Chief Financial Officer / Chief Operating Officer

    • Mar 2006 - Aug 2017
    • Lahore, Punjab, Pakistan

    o Setting up of organizational targets in accordance with its mission.o Managing entire operations of the organization.o Financial and Business Planning and development of corporate short term and long-term strategy. o Precedence development for the best use of corporate resources.o Management of Corporate Long term and short-term assets. o Development of Break-even analysis and control, to achieve maximum capacities utilization for the effective and efficient use of corporate resources.o Budgets and control (Fixed and Rolling) Working Capital Requirements, Production Budgets matching with the different activity levels.o Raising credit Lines through financial institutions matched with the financial needs of the company (Demand Finance/Running Finance/Cash Finance/ LCs).o Raising funds through encashment of Foreign Bank Guarantees/SBLCs o Working Capital Managemento Loans restructuring/rescheduling and handle legal hassles, with financial institutions, tax departments and otherso Co-coordinator between different departments of the organizationo Financial Statement analysis (Index and Common size)o Capital Budgeting, Sensitivity Analysis and Risk analysiso Managing Financial Risko Cost controls and management audits.o Handle All Quality, Health, Food safety and Environment Audits. KORE Compliance from TCCEC (The Coca Cola Export Corporation) and GAO (Global Audit Organization).

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  Buksh Group (Men Store, Buksh Motors, Buksh Foundation, Buksh Energy, B&O, Exist, Swatch, HKB)

  • Lahore, Punjab, Pakistan

  • Chief Financial Officer / Financial Consultant

    • Feb 2009 - Feb 2014
    • Lahore, Punjab, Pakistan

    o Financial Analysis and Planning.o Priority settings for financial discipline.o Controlling working capital through modern IT based techniques (Establish Financial Cockpits with real time inputs in order to perceive overall direction of the company and take timely and accurate action to stabilize the operations for best use of corporate resources. o Cost volume Profit analysis (Break-even analysis) of each business unit and overall group. (Update it continuously to sustain or increase the target GP Ratio. (Variable Cost minimization, Maximum capacity utilization, Marketing Targets).o Budgets and control ( Fixed and Rolling) Working Capital Requirements , Production Budgets matching with the different activity levels in the year due to seasonal variations, in order to reduce cost of holding inventory, and in the mean time never being in out of stock to miss sales.o Raise credit Lines through financial institutions matched with the financial needs of the company (Demand Finance/Running Finance/Cash Finance/ LCs).o Raising funds through encashment of Foreign Bank Guarantees/SBLCs o Raise funds through credit management, receivable management and cash management techniques).o Monitoring the compliance of corporate and tax reporting requirementso Project Appraisals, Capital Budgeting decisions (IRR, NPV, Pay Back, ARR, ROI, PI, Sensitivity analysis).o Financial forecasting, execution and control.o Costing Management.o Loans restructuring/rescheduling and handle legal hassles, with financial institutions, tax departments and otherso Co-ordinator between different departments of the organization.

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  Micro Electronics International Pvt Limited

  • Lahore, Punjab, Pakistan

  • Chief Financial Controller at (Subsidery concern of Ministry of Defence)

    • Feb 2003 - Mar 2006
    • Lahore, Punjab, Pakistan

    o Overall, in charge of accounts Department (Management, finalization of accounts, implementation of internal controls and statutory audits). o Evaluations, analysis and periodical reports of operational results i.e. cost analysis, periodic income statements and analysis, decision support information to board of directors.o Financial Projections. o Management of debt sketch of the company, dealing with ministry of defense for the release of sales proceeds and settlement of accounts. o Handling of sales tax and income tax matters of the company assessed in LTU-Lahore. o Implementation of internal control policies and documentation of management manuals. o Ensuing compliance of different corporate and taxation reporting requirements and dealing with SECP.

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  Ashrafi food Industies

  • Lahore, Punjab, Pakistan

  • Chief Accountant

    • Apr 1999 - Feb 2002
    • Lahore, Punjab, Pakistan

    o In charge of Group Accounting Function. Finalization of Group accounts and internal audit.o Appraisal and analysis of financial information i.e. breakeven analysis, periodic income statements and analysis, decision support information to board of directors. o Territory analysis of each business group and reporting.o Handling of sales tax and income tax matters of the Group. o Implementation of internal control policies and documentation of management manuals. o Ensuing compliance of different corporate and taxation reporting requirements. o Application of accounting software, Development, implementation and control

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  Javaid Jalal Amjad and Company (Chartered Accountants)

  • Lahore, Punjab, Pakistan

  • Senior Audit And Accounts Officer.

    • Aug 1995 - Apr 1999
    • Lahore, Punjab, Pakistan

    o Statutory financial audits. o Statutory cost audits. o Sales Tax Audits under section 32-A of the Sales Tax Act 1990. o Special Audits (Audit of National Industrial Cooperative Finance Corporation Limited, NICFC under liquidation, which include verification of deposits, investments, properties, fixed assets and payment/adjustment of claims/properties of stakeholders. o Evaluation of Internal Control system and preparation of Management Manuals. o Special assignments (feasibility studies, internal audits, sales tax book keeping etc) o Preparation and filing income tax returns and computation in connection with assessment. o Comprehensive groundwork for tax cases of companies. o Preparing and filing sales tax returns and computation in connection with sales tax refund. o Preparation and filing of statutory forms. o Formalities for the incorporation/winding up of limited companies and other allied matters. o Formation and Registration of companies at SECP. o Audited for 4 years Japan Power Generation Limited as a senior auditor.