Name of the NomineeName of the Nominee – RAVISHANKAR .M.A – RAVISHANKAR .M.A ICAI Membership NumberICAI Membership Number – 023269– 023269

Name of the NomineeName of the Nominee – RAVISHANKAR .M.A – RAVISHANKAR .M.A ICAI Membership NumberICAI Membership Number – 023269– 023269

Category and Sub–Category of the Category and Sub–Category of the Awards for which applying :Awards for which applying :

CFO of business unit in Public SectorCFO of business unit in Public Sector

Category and Sub–Category of the Category and Sub–Category of the Awards for which applying :Awards for which applying :

CFO of business unit in Public SectorCFO of business unit in Public Sector

Present Designation - Addl. General Manager (Finance/Military Radars)Name of the organization– Bharat Electronics Ltd.,

• Turnover (Sales) of BEL: Rs.5703.63 Crs Turnover (Sales) of BEL: Rs.5703.63 Crs and Rs.764 Crs for the Business Unit -MRand Rs.764 Crs for the Business Unit -MR

• Net worth BEL: Rs.5622.21 CrsNet worth BEL: Rs.5622.21 Crs

• Market Capitalization of BEL: Rs. 9600 Market Capitalization of BEL: Rs. 9600 Crs Crs

Note: Please give details of the company where the person is located. For CA Business Achiever or CFO where person is handling multiple companies within a group, please give composite details of all companies under the domain of nominee. Details of Individual companies may be given separately. The applicants of CA Professional Achiever should give details only of the company where they are working.

KEY ROLE IN THE ORGANIZATIONKEY ROLE IN THE ORGANIZATION • CFO of the major business segment of CFO of the major business segment of

the BEL , Bangalore Unit .the BEL , Bangalore Unit .

• Involved in strategic business decision Involved in strategic business decision making and head of the top financial making and head of the top financial management team of the organization. management team of the organization.

MAJOR ACHIEVEMENTS MAJOR ACHIEVEMENTS – [MATERIAL – [MATERIAL COST REDUCTION COST REDUCTION IN THE AREA INDIRECT TAXES IN THE ABSENCE OF CENVAT IN THE AREA INDIRECT TAXES IN THE ABSENCE OF CENVAT

CREDIT]CREDIT]

• The value of goods purchased/to be purchased is The value of goods purchased/to be purchased is Rs.562 crs with applicable excise duty Rs.562 crs with applicable excise duty of 10%/12% with cess on the delivery which is of 10%/12% with cess on the delivery which is spread over 5 years from the year 2010 .spread over 5 years from the year 2010 .

• The vendor had classified the goods under The vendor had classified the goods under Excise Chapter head 85432090 which attracted Excise Chapter head 85432090 which attracted 10%/12% duty with cess. The matter was taken 10%/12% duty with cess. The matter was taken up with the vendor for the correct classification up with the vendor for the correct classification of goods under chapter head 93019000, where of goods under chapter head 93019000, where the applicable rate was 5%/6%+cess. the applicable rate was 5%/6%+cess.

• Saved around Rs.31 crs to the Co. by taking up with the Saved around Rs.31 crs to the Co. by taking up with the vendor for correct classification of the goods under vendor for correct classification of the goods under Excise chapter. Excise chapter.

• This is surely an area for material cost reduction which This is surely an area for material cost reduction which is not generally thought of at the time of placing is not generally thought of at the time of placing purchase orders. Excise Chapter Classification of purchase orders. Excise Chapter Classification of vendors is very important area for cost reduction when vendors is very important area for cost reduction when the out put is not CENVAT able due to nil E.D as the the out put is not CENVAT able due to nil E.D as the supplies are to Defence Forces.supplies are to Defence Forces.

• The above was taken up, excise clearance was made in The above was taken up, excise clearance was made in March 2012 at 6.18% and the same is not disputed by March 2012 at 6.18% and the same is not disputed by the Central Excise Commissioner. the Central Excise Commissioner.