Manish Daftari (139526)Manish Daftari (139526) Manish Daftari (139526)Manish Daftari (139526)

CA Professional Achiever – CA Professional Achiever – Engineering and Capital Goods SectorEngineering and Capital Goods Sector

CA Professional Achiever – CA Professional Achiever – Engineering and Capital Goods SectorEngineering and Capital Goods Sector

Executive (F&A) – Larsen & Toubro Limited

• Turnover (Sales) of the Company in Turnover (Sales) of the Company in Rupees:Rupees:

– ` ` 64,960 Crores64,960 Crores

• Net worth of the Company:Net worth of the Company:– ` ` 29,387 Crores29,387 Crores

• Market Capitalization of the Market Capitalization of the Organization:Organization:

– `̀ 80,031 Crores – March’12 80,031 Crores – March’12– `̀ 98,010 Crores – September’12 98,010 Crores – September’12

KEY ROLE IN THE ORGANIZATIONKEY ROLE IN THE ORGANIZATION • Treasury operation – Effective Hedge Treasury operation – Effective Hedge

management, Cash flow management, Cash flow management and Funded and Non management and Funded and Non funded facility managementfunded facility management

• Implementation of Embedded Implementation of Embedded Derivative accountingDerivative accounting

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTS• Effective hedge management to protect the Effective hedge management to protect the

profitability from foreign exchange volatility.profitability from foreign exchange volatility.

• Contribution to project profitability of Contribution to project profitability of approximately 1%-2% through effective approximately 1%-2% through effective hedge management.hedge management.

• Establishing accounting process for Establishing accounting process for Embedded Derivative implementation under Embedded Derivative implementation under AS-30 along with AS-7.AS-30 along with AS-7.

• Facilitated improvement in working capital Facilitated improvement in working capital by participating in vendor negotiations for by participating in vendor negotiations for structured credit in vendor payments.structured credit in vendor payments.

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTS

• Cash management by using suppliers’ Cash management by using suppliers’ credit to increase short term liquidity and credit to increase short term liquidity and investible funds for good return at minimal investible funds for good return at minimal cost.cost.

• Achieving better rates by liaising with Achieving better rates by liaising with banks and through innovative products, banks and through innovative products, within legal and regulatory guidelineswithin legal and regulatory guidelines

• Availing better credit terms by meeting Availing better credit terms by meeting with vendors and educating them about with vendors and educating them about new financial products.new financial products.

Note- Please specify exact role whether the achievement is as a member of team or team leader or in any other capacity.