2014 MarchMyCFO Blog | MyCFO Blog

Monthly Archives: March 2014

Client Case Study – IndFrag

MyCFO IndFragOur client:

IndFrag is an 80 year old, $ 100mn Indian group and the industry leader in industrial fragrances and flavours. The company is based in Mumbai having manufacturing capacities in Mumbai, Gujarat and Netherlands.

MyCFO Role:

MyCFO assisted the company in a comprehensive change management project from a Promoter managed to a Professionally managed company. MyCFO was involved preparation of MIS reports, preparation of financial statements under local GAAP, analysis of product and business profitability, project managing the implementation of an ERP, preparing the data room for potential PE partners. Continue reading

Working with the PE – Role of the Modern day CFO by Vikas Chadha

Vikas Chadha CFO

Vikas Chadha, Chief Financial Officer,
Berggruen Hotels Pvt Ltd

CFO is one of the earliest moves made by a PE firm upon adding a company to its portfolio. PE investors want to track the Investee Company’s financial situation as soon as they are invested. While the acquired portfolio company may have solid financial systems and reporting, the PE firm’s first priority will be to upgrade the financial structure and transparency by adding a new CFO.

PE investors prefer CFOs who have worked in both large and small corporates. The large corporate experience provides an understanding of sophisticated corporate systems and the experience in a small company helps to test and enhance the CFO’s resourcefulness and ability to deliver when removed from the expansive support systems of a large corporate setting. Continue reading

Client case study – HeatEx

MyCFO HeatExOur Client:

HeatEx is a mid-sized manufacturer of heat exchangers used in the oil and gas, fertilisers and power industries. TNew Picture (6)he company has manufacturing facilities in Navi Mumbai.

MyCFO Role:

MyCFO was mandated to identify, communicate and negotiate with potential overseas partners, with the objective of increasing the sales of HeatEx. Continue reading

Case Study- Diagnostic Center

MyCFO Diagnostic CenterOur client:

Diagnostic Center is an ultramodern diagnostic centre with comprehensive facilities for Laboratory, Imaging investigations and other diagnostic facilities head-quartered in Mumbai. Lifecare provides digital x-ray, digital imaging, mammography, bone densitometry, sonography, cardiac imaging, advanced dentistry, spirometry, eye check up amongst others. Continue reading

The Payables Transformation by Hyacinth Ferrao

Hyacinth Ferrao, Financial Controller & Senior Vice President, India

Hyacinth Ferrao, Financial Controller & Senior Vice President, India

While every CFO needs to undoubtedly spend time on strategic & tactical matters, it is also very important to pay attention to timely & accurate processing of vendor payables. Every CFO can, I am sure, recollect one or two or even more payment escalations that have come to either them or at times even the CEO of their company. What follows then is a frenzy of activity to find out which are the invoices pending, where are they lying currently, why were they not paid? More often than not there is a mad scramble to unearth the facts and respond promptly. Now, let’s imagine – what if we could at the click of a button see if invoices have been received for a vendor, view the actual invoice online (if received), Continue reading