IndFrag is a 90-year-old, $200 million industry leader in industrial fragrances and flavors with several manufacturing units globally. The company initially got PE invested and then listed in public.
- Assistance in change management from Family managed to a Professionally managed company.?
- Preparation of MIS reports with detailed analysis to assist decision-making.
- Preparation of financial statements under local GAAP.?
- Capex budgeting and tracking actuals - analysis of business and product profitability.
- Designed ‘offset’ accounts for tracking taxes, Companies Act compliances, and IFRS depart easily reconcile balance for easy reconciliation of profits per the three different books.
- Accounting of all recoverable and non-recoverable taxes in FA, forex movements in capitalized FA.
- Identify process improvement areas and Project manage the implementation of an ERP.
- Leading the discussions and preparing the data room for potential PE partners.
- Delivered better visibility of business operations leading to improved and faster decision-making.
- Assisted in Business Process Improvements and streamlining of Finance procedures – completed ERP implementation.
- Detailed data room and credible investment case - cleared Investor due diligence to substantiate the prepared business valuations.
- Smooth transition in the management of the Company – Recruitment of professional CXO team.
- Post transition, Practus assisted in budgeting, performance measurement, and Business Intelligence.
- Helped in the Acquisition of a European Subsidiary and successfully listed for 2016.
Practus has delivered?CFO Services?to clients across the board. Learn more about them here:
#CFOServices #CFO #Fragrances #Manufacture
