SATYA BHARAT DAMARAJU

We are in to providing Specialized Services in the fields of :

(i) Statutory, Internal & Management Audits

(ii) Finance, Accounts

(iii) Direct Tax, International Taxation, GST

(iv) Secretarial Compliances

(v) Fin-Tech Training

• Responsible for the Complete Day to Day Operations of Finance, Accounts, Taxation & Logistics Departments for Synergy Pharma & its 3 other Sister Concerns.
• Major Accounting Works

a) Preparation of Financial Statements viz., PLBS, CFS, and Consolidated Financials etc

b) Finalization of Books of Account for Synergy Pharma & 3 of its Sister Companies

c) Handling the Internal & Statutory Auditors Queries

d) Costing - Pricing & building Pricing Strategies for the products

• Major Finance Works

a) Day - to - Day Finance Affairs such as Payments, BRS, LC's, CF Projections etc

b) Negotiating with Banks for the Credit Facilities/, LC Discounting, Derivative Contracts etc

c) Submission of Periodical Reports to the Banks along with the CMA data

d) Cash Flow Management
e) Financial Modeling, Company Valuation for M & A, Synergies estimation, Derivative (IRS) Analysis & Valuation.

• Major Taxation (UAE VAT ) Works

a) Filing of the periodical Returns

b) Reviewing each Transaction and its treatment as per UAE VAT Laws

c) Filing the Refund application & Follow Up of it

d) Preparation, Assessment & submission of Economic Substance Regulation (ESR)

• Supply Chain Management

a) Preparation of Annual Product movement plan for Logistics

b) Periodical Follow ups & Meetings with sales departments for Product Supply chain management

• Others Major Works

a) Sales Analysis & Periodical MIS Reporting

b) Reviewing & Approving the Marketing & Sales Expenses & ensuring the Expenses are within the Budget

c) Payroll & Salary Calculations, Leave Calculations etc

We were providing Specialized Services in the fields of :

(i) Statutory, Internal & Management Audits

(ii) Finance, Accounts

(iii) Direct Tax, International Taxation, GST

(iv) Secretarial Compliances

• I was Heading & looking after the complete Finance- Accounts-Taxation-Legal-Statutory-HR Departments of the Company & also for 8 of its Subsidiary Companies

My major Functions/Duties have been precised below :

• (A) Accounts

In addition to those mentioned above in "SYNERGY PHARMA" , here I was going through the entire Tender Documents & was arranging for the necessary Certificates for Tender Participation

• (B) Finance

a) Day - to - Day Bank Affairs such as Payments, BRS, Bank Guarantees (both Bid Bonds & Performance Bank Guarantees)

b) Bank Working Capital Limits Management including Enhancement

c) Submission of Periodical Reports to the Banks along with the CMA data

d) Providing the Analysis & information for the Private Equity Proposals

e) Company Valuation for M & A, Financial Due Diligence.

• (C) Indian Taxation (Both Direct & Indirect Taxes)

a) Preparation of Form 3CA-CD & 3CEB, details for Assessment.

b) Filing of all Periodical Returns such as ITR , Service Tax Returns, VAT & CST Returns, TDS Returns, Excise Returns etc

c) Computation of Income Tax Liability & Provision etc

d) Preparation of details for IT Audit & Service Tax Audit

e) Filing of the Service Tax Appeals at all levels

f) Appearing before the Income Tax & Service Tax Authorities

g) Ensuring the timely payment of ST, Advance Tax, TDS, Excise etc

h) Issuing Form 16 & Form 16A

• (D) Legal & Other Statutory Compliances (FEMA/RBI)

a) Drafting of the all type of Agreements

b) Replying to the Legal Notices

c) Interpretation of the Deeds & the Documents

d) FEMA Compliances such as Filing FLA, Replying to RBI &ED Notices

• (E) HR Division

a) Designing the Pay Structure with Tax Planning Techniques

b) Payment of Salaries, Computation of Bonuses/ Incentives etc

c) Payment of PF, TDS U/s 192 d) Filing of the PF Returns

I was into core Taxation of the Group Companies, where in I was majorly involved in to day-to-day Income Tax & Service Tax issues.

My major Functions/Duties have been precised below:

(A) Direct tax – Income Tax: Both Domestic & International

[I] Corporate Taxation -

(a) Consolidating & Compiling of Contingent Liabilities

(b) Computation of Income Tax Provision

(c)TDS Applicability Analysis & Rate thereon – on various Domestic Transactions

(d) Preparation of Form – 3CD , MRL's etc

(e) Preparation of details for Assessment

(f) Preparation of Draft Appeals/ Replies to SCN / correspondence letters to Department

[II] International Taxation –

(a) Transfer Pricing – Computation of Arm's length Price

(b) TDS Applicability Analysis & Rate thereon – on various International Transactions under Income Tax Act, 1961 ( Read with DTAA)

(c) Preparation of Form – 3CEB

(B) Indirect Tax – Sales Tax/Service Tax/ State Excise

(a) Consolidating & Compiling of Contingent Liabilities

(b) Advice on Applicability of Service Tax – Reverse Mechanism

(c) Assisting in filing Service Tax Return & Service Tax payments

(d) Preparation of Draft Appeals / Replies to SCN / correspondence letters to Department