CHINNA RAO DINDI

F&A-Costing Accounts Section in-Charges at RINL

Costing section is primarily responsible for

A. Regular Jobs

• Preparation of Monthly and Cumulative Cost Center Cost Statements, Element wise Cost statements every month after ensuring proper accounting of expenses, production and and consumption of Materials. Experience in carrying out the above both in Oracle & ERP environment.

• Preparation of Various MIS Cost Reports such as Production wise Contribution Report, Element wise Cost Statement, Ranking Reports, Cost Comparison Report and Variance Analysis etc. and sharing the same with Marketing, CMG, CMD and Director offices.

• Preparation of Annual Cost Statement as per Companies (cost records and audit) Rules, 2014.
• Make presentation on Cost of Production to All HODs in weekly co-ordination meeting. Also make presentation to Functional Directors on COP.
• Take cost reduction awareness classes to Executives and non-executive of the Company at T&DC as per Training Time Table.

B. Statutory Compliance Activities

• Appointment of Statutory Cost Auditor after Audit Committee recommendation and with Approval of Board.
• Getting Audit of Cost Records by the Cost Auditor. Putting up of Audit Report to Board for its consideration after review by Audit Committee and submission to MCA in XBRL format.
• Concurrence of Techno-economic proposals.

C. Special Achievements

1. During my Tenure at Costing Section, Company won 3 times Cost Excellency Award -First Position under Category Mega Manufacturing from The Institute of Cost Accountants of India (ICAI).

2. Nil Comments in Cost Audit Reports Since 2011-12 to 2023-24 i.e 12 year consequently.

Worked at Budget Section of RINL. Responsible for all the activities of Budget Section of RINL. It is corporate level office. The responsibilities included:

1. Preparation Annual Budgets such (a) MoU Budget (b) Board Budget (c) Sustainable Budget of the Company a head of every financial year.

2. Preparation of Capital Budgets such Internal and Extra Budget Resources (I&EBR) and sending to MOS/MOF for incorporating the same in Country's Annual Budget.

3. Preparation of 5 Years Plan and sending the same to GOI.

4. Replies to various quarries received from MOS.

5. Collection of Projections from Departments and review of the same with HODs and Board. Allocation of Admn. Budget and Capital Budget to various Departments of Company after Board Approval.

6. Preparation of Monthly Estimated Profit & Loss Account and Balance Sheet.

7. Review of MoU Parameter with Board and communicate the same to MOS/DPE.

8. Attending for MoU parameters Fixation meeting with DPE's Empowered Committee.

9. Give presentations to CMD & Functional Directors on Budgets and working results.

10. Put-up Board Notes on Budgets, MoU parameters review and working results periodically.

11. Provide all kinds of MIS reports to Management on need basis.

Special Achievements

1. I was awarded prestigious JN Award in 2008-09 for my outstanding performance.

Worked as Branch Finance Manager of BSO-Chennai. Responsible for all financial activities of Branch. Branch activities includes

1. Receipt of Payments from Customer for Sales

2. Accounting of Sales invoices for Sales to Customers

3. Maintenance of Customer Ledgers

4. Dealing with BGs / LCs of Customer and Contractors

5. Dealing with Bankers in respect of BGs/LCs and Maintenance of Imp rest Account and collection accounts.

6. Dealing with Contracts such Conversion Contracts, Handling Contracts and Transport contracts.

7. Maintenance of Accounts of Consignment Sales Agency at Tuticorin.

8. Payment of Admn. Expenses of Branch and Regional Office

9. Maintenance of Credit Sales Accounts against BG/LC/PDC and unsecured.

10. Discharging the functions of RFM in his absence as additional responsibility.

11. Concurrence of various proposal in respect of contracts, customer, credit sales, Discounts etc.

Looked after Branch Sales Office activities such Sales Accounting, Contractors accounts, Customer Ledgers, Credit Sales, Customer Refunds, Tax returns. Merging of Branch Accounts with HQ accounts.

Also looked after Accounts of Liaison office- Hyderabad. Merging of Liaison Accounts with HQ Accounts.

Worked at pay roll processing section looking after 18000 Employees Travel Bills and Medical Bills processing.

I have stream lined the activities at Pay Rolls Section by reviewing the pending advances against employees. Huge amounts pending for years were reviewed and recovered.

Worked as Branch Finance Executive looking after Finance activities of Branch Sales Office (BSO) Hyderabad. BSO activities includes maintenance of Books of Accounts of BSO, Payment of Customer Refunds,Contractor Payments, filing of Sales Tax & TDS Returns. Funds Planning to meet Branch Expenses.

Handing over Branch Accounts to Head office for consolidation along with reconciliations if any.

Assisting to Branch Finance Manager in all aspects of BSO Operations.

Looking after of Commercial Aspects of Railway Operations of the Plant such as wagons indenting based on Marketing Dispatch Plant.

Calculation of Railway Freight Charges to different destinations considering various rules of Railways. Booking of loaded rakes for dispatch and payment of Railway Freight charges.

Calculation of Demurrage charges and representation for waiver of Demurrages and payments of the same after waives.

Worked in Central Traffic Control looking after the operations of Railway movement inside the plant including planning and dispatch of Loaded rakes and placement of Loaded rakes for unloading and handing over of Empty / Loaded rakes to Railways.

Co-coordinating with the other departments and Railways for smooth functioning of railway operations

Class Room Training for 3 months at Training and Development Center of RINL. Training includes Steel Making process such as Operations of RMHP, Traffic, CRMP, Coke Oven & By-product Plant, Sinter Plant, Blast Furnace, SMS, and Rolling Mills.

12 Months on the Job Training of Operations of Traffic Deptt. (Plant Railway movements & Commercial aspects). Study of Railway networks inside the plant of RINL.

3 months on the job training at Rourkela Steel Plant of SAIL. Training includes Railway Operations such marshalling, Loco operations, Route Relay interlocking and Commercial aspects in respect of wagons indenting, Freight calculations and Demurrage calculation of railway wagons etc.