SH MIS & Costing Professional

To carry inventory valuation of warehouse by preparing stock valuation sheet followed by analysis of P&L accounts. Also, to coordinate in carrying out annual budgeting and working out product costing. To provide any costing data needed for internal and external audits in required formats.

The company was established on 15th Feb 2007 by registering with the ROC (Registrar of Companies) in Delhi. Initially the finance and accounts work was outsourced and was handled by an agency in Delhi. In 2008, with the recruitment of finance and accounts team the work has been handled by the in-house team.
The department is responsible for short term & long term financial and commercial health of all the GPFPL unit of the Textiles Business including Risk Management, Economic Feasibility of Business Strategy and recommending capital expenditure plan.
For the ease of Turkish owners, majority of bank related work such as submission of compliance related documents, coordination with bank officials regarding Bank Guarantee etc is done from Mumbai bank branches. Thus, it was the Turkish management s decision to appoint one person in the Mumbai office considering that the services provided by the Mumbai bank branches were more advanced and preferred by the Turkish owners.

Challenges
1. Conducting correct valuation of inventory is complicated and difficult