Prabir Kumar B.

1.Tayo Rolls cost of borrowing for working capital requirement was the lowest among all Jamshedpur based companies. In S.P.Fabricators, arranged working capital finance at cheaper cost by inducting new Bankers, CP issue, Forex loans, etc. - Savings Rs 6 Crores in 3 years . 2.Conversion of oil fired heat treatment furnaces to gas fired was initiated and implemented. Cost effective agreement entered into with gas supplier to reduce the H.T. cost by 20%. 3.Various operational parameters (like, Furnace, Dept., Process/Activity, Cycle time) were identified for monitoring power, oil, gas, and other high value input consumption. Control points were set to enable operational managers to carry out day to day monitoring effectively 4.Product costing system was redesigned with a view to bring in more transparency and insight in identifying key process parameters for control purposes and product pricing and also to facilitate make or outsource decision making. 5.Convinced management in suspending Synthetic pig iron production, which was being followed to save AMG power cost. By doing so, though AMG charges were high, yet overall power cost came down significantly. 6.As stated above, Jemco unit of IS&WP was converted to a profit making unit in 2 years time after management take-over by Tata Steel and was nominated and deputed by the Company as Head of Finance & Procurement. 7.Investigation of Bank charges over a period of more than 5 years helped the company to identify excess charges levied by Bank due to wrong interpretation of sanction terms - Savings to the tune of Rs.70 lacs. 8.Successfully defending company's stand before the assessing officers upto CIT level with respect to provision for product warranty charges, payment of technical know-how fees to foreign collaborator under DTT agreement, expenditure on company's get-together, parties, annual functions, etc. 9.Development of Fixed Assets Register as per requirement of Companies Act. Reconciliation of all the physical assets with books of accounts and dealing with deviations appropriately. 10.Effective negotiation with suppliers of price, terms of supplies and payment terms have enabled the company to save procurement cost. 11.Being the Finance Key User, BaaN ERP system have been successfully implemented and stabilized within a year's time. 12.EVA model of management control system has been implemented in the company departmentally as well as product wise.