Path : /home/kohli/mail/kohli.cards/info/new/ |
|
Current File : /home/kohli/mail/kohli.cards/info/new/1604156968.M516192P3621.server.makingyoulive.com,S=41305,W=42471 |
Return-Path: <complexmall49@gmail.com>
Delivered-To: info@kohli.cards
Received: from server.makingyoulive.com
by server.makingyoulive.com with LMTP
id 1H1gHSh+nV8lDgAASuaV8A
(envelope-from <complexmall49@gmail.com>)
for <info@kohli.cards>; Sat, 31 Oct 2020 20:39:28 +0530
Return-path: <complexmall49@gmail.com>
Envelope-to: info@kohli.cards
Delivery-date: Sat, 31 Oct 2020 20:39:28 +0530
Received: from ap34.gt.acmetoy.com ([188.166.49.252]:56572)
by server.makingyoulive.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384
(Exim 4.93)
(envelope-from <complexmall49@gmail.com>)
id 1kYsVT-0000wH-4R
for info@kohli.cards; Sat, 31 Oct 2020 20:39:28 +0530
Received: from DESKTOPL8CELQT (unknown [27.7.217.160])
by ap34.gt.acmetoy.com (Postfix) with ESMTPA id 491CA160325
for <info@kohli.cards>; Sat, 31 Oct 2020 15:09:23 +0000 (UTC)
From: "Rajeev Gupta" <complexmall49@gmail.com>
To: <info@kohli.cards>
Subject: Webinar on Working Capital Management & Cash Flow Planning / Forecasting
Date: Sat, 31 Oct 2020 07:47:58 -0700
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_5FA0_01D6AF5D.24193760"
X-Mailer: Microsoft Office Outlook, Build 11.0.5510
Thread-Index: AdavhWJHXTrZ3fddRQWdR8dwyn6tEQ==
X-MimeOLE: Produced By Microsoft MimeOLE
X-Spam-Status: No, score=4.0
X-Spam-Score: 40
X-Spam-Bar: ++++
X-Ham-Report: Spam detection software, running on the system "server.makingyoulive.com",
has NOT identified this incoming email as spam. The original
message has been attached to this so you can view it or label
similar future email. If you have any questions, see
root\@localhost for details.
Content preview: Webinar on Working Capital Management & Cash Flow Planning
/ Forecasting
Content analysis details: (4.0 points, 5.0 required)
pts rule name description
---- ---------------------- --------------------------------------------------
0.0 DKIM_ADSP_CUSTOM_MED No valid author signature, adsp_override is
CUSTOM_MED
0.2 FREEMAIL_ENVFROM_END_DIGIT Envelope-from freemail username ends
in digit
[complexmall49[at]gmail.com]
0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail
provider
[complexmall49[at]gmail.com]
1.5 SPF_SOFTFAIL SPF: sender does not match SPF record (softfail)
0.0 HTML_FONT_SIZE_LARGE BODY: HTML font size is large
0.0 HTML_MESSAGE BODY: HTML included in message
1.0 FREEMAIL_REPLY From and body contain different freemails
1.2 NML_ADSP_CUSTOM_MED ADSP custom_med hit, and not from a mailing
list
X-Spam-Flag: NO
This is a multi-part message in MIME format.
------=_NextPart_000_5FA0_01D6AF5D.24193760
Content-Type: text/plain;
charset="utf-8"
Content-Transfer-Encoding: quoted-printable
Webinar on
Working Capital Management &
Cash Flow Planning / Forecasting
3rd November 2020
(11:00am to 4.30pm)
By
Mr. Nayan M
Ex. Financial Controller-DHL & Pizza Hut
& Sr. Management Consultant
Introduction
One of the biggest challenges that Companies are currently facing is =
deploying funds more efficiently. Expenses continue to mount, whilst =
precious funds are locked in Inventory and Receivables.
The recent Corona crises have created uncertainty. Sales and operations =
have taken a hit and as a consequence =E2=80=93 Fund flows are no longer =
predictable.
This has led to increasing pressure on the Management to keep their =
businesses afloat.
Working Capital constitutes a big chunk of the investment for most =
Companies.
Efficient Management of Working Capital and fund flows strategy will be =
one of the keys to emerge unscathed..
Contents
* Optimising Working Capital=20
* Concept of Working Capital
* What is the Working Capital Cycle
* Factors affecting Working Capital requirements
* Why Inventory Management
* Inventory Management Techniques
* Optimising Trade Receivables
* Formulating a Credit Policy
* Accounts Payable Management
=20
* Improving Operating Cash Flow=20
* Concept of Return on Investment
* Driving Shareholder Value
* Cost-Volume-Profit Relationship
* Methods of Financial Forecasting
* Reasons for Holding Cash
* Objectives of Cash Management
* Minimising Cash Float and Accelerating the Cash Cycle
* Cash Management Tools
Profile of Faculty
Mr. Nayan M- Ex. Financial Controller-DHL & Pizza Hut & Sr. Management =
Consultant
Finance Professional cum Entrepreneur with over 30 years experience. =
Worked for 20 years in large multinational organisations such as DHL =
Express, Pizza Hut and Elf Group. Mr. Nayan works in the field of =
Corporate Trainings and provide training such as Finance for =
Non-Finance, Leadership, Communication, Presentation and Negotiation. He =
used his vast experience with MNC=E2=80=99s and Finance, Communication =
styles and knowledge of cultures, Entrepreneurial Skills to help =
Executives achieve their professional and personal goals.
Mr. Nayan=E2=80=99s few Key achievements are acquisition of the DHL =
Express as a Area Financial Controller South Asia, Business in Pakistan =
=E2=80=93 Value of Deal =E2=82=AC - 35 M, Buyout of DHL Agency Business =
in Bangladesh =E2=80=93 Value of Deal =E2=82=AC - 12 M, Establishment of =
the =E2=80=9CPizza Hut=E2=80=9D Brand in Mumbai as Financial Controller, =
from scratch =E2=80=93 Including sourcing of Kitchen Equipment, lease of =
property, Construction of new restaurants, Worked with McKinsey & =
Company to lay out the India Vision for the DHL Group =E2=80=93 =
Projected Turnover - =E2=82=AC 3 B, Successful Management of 2 =
IPO=E2=80=99s for an Indo-Swiss Packaging Company, Empanelled with the =
Institute of Chartered Accountants of India (ICAI), and the WIRC to =
train CA students.
Course=E2=80=99s time structure:
Session =E2=80=93 (11:00am to 4.30pm) 30mins Break Included
Pre-requisites
You should have good internet connection and good quality =
headphone/speaker set with Laptop / Desktop.
You should have notepad/pen to note down important points.
How to Register:
Fees: per person
Rs. 4500 /-=20
USD $ 75
18 % GST is applicable
> Please write to gcmseminars@yahoo.com=20
> Call Mr. Rajeev Gupta- 9711114779 / 8929596899
For Query and nominations =E2=80=93 09540012349 only Whatsapp
> Mode of Payment: NEFT /Paytm / Credit Card
> Cheque favouring GCM Worldwide payable at New Delhi.
> Fees include certificate of participation & Course Material.
*Terms & Condition Apply.
GCM Worldwide
To keep receiving our regular Mailers in inbox.
Add us to your address book.
For unsubscribe from the mailing list, please mail us on =
gcmgford@yahoo.com.
s
=20
------=_NextPart_000_5FA0_01D6AF5D.24193760
Content-Type: text/html;
charset="utf-8"
Content-Transfer-Encoding: quoted-printable
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Dutf-8">
<html xmlns:v=3D"urn:schemas-microsoft-com:vml" =
xmlns:o=3D"urn:schemas-microsoft-com:office:office" =
xmlns:w=3D"urn:schemas-microsoft-com:office:word" =
xmlns:st1=3D"urn:schemas-microsoft-com:office:smarttags" =
xmlns=3D"http://www.w3.org/TR/REC-html40">
<head>
<meta name=3DGenerator content=3D"Microsoft Word 11 (filtered medium)">
<o:SmartTagType =
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"
name=3D"City"/>
<o:SmartTagType =
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"
name=3D"place"/>
<!--[if !mso]>
<style>
st1\:*{behavior:url(#default#ieooui) }
</style>
<![endif]-->
<style>
<!--
/* Font Definitions */
@font-face
{font-family:Wingdings;
panose-1:5 0 0 0 0 0 0 0 0 0;}
@font-face
{font-family:Ebrima;
panose-1:2 0 0 0 0 0 0 0 0 0;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin-top:0in;
margin-right:0in;
margin-bottom:10.0pt;
margin-left:0in;
line-height:115%;
font-size:11.0pt;
font-family:Calibri;}
@page Section1
{size:8.5in 11.0in;
margin:22.5pt 1.0in 1.0in 1.0in;}
div.Section1
{page:Section1;}
-->
</style>
<!--[if gte mso 9]><xml>
<o:shapedefaults v:ext=3D"edit" spidmax=3D"1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext=3D"edit">
<o:idmap v:ext=3D"edit" data=3D"1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang=3DEN-US>
<div class=3DSection1>
<div align=3Dcenter>
<table class=3DMsoNormalTable border=3D1 cellspacing=3D1 cellpadding=3D0 =
width=3D747
style=3D'width:560.35pt;border:outset 1.5pt'>
<tr height=3D66 style=3D'height:49.65pt'>
<td width=3D745 height=3D66 style=3D'width:558.95pt;padding:.75pt =
.75pt .75pt .75pt;
height:49.65pt'>
<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:0in;margin-right:
=
1.7pt;margin-bottom:0in;margin-left:4.05pt;margin-bottom:.0001pt;text-ali=
gn:
center;line-height:normal;background:white'><b><font size=3D5 =
face=3DEbrima><span
style=3D'font-size:19.0pt;font-family:Ebrima;font-weight:bold'>Webinar =
on</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:0in;margin-right:
=
1.7pt;margin-bottom:0in;margin-left:4.05pt;margin-bottom:.0001pt;text-ali=
gn:
center;line-height:normal;background:white'><b><font size=3D6 =
face=3DEbrima><span
style=3D'font-size:25.0pt;font-family:Ebrima;font-weight:bold'>Working =
Capital
Management &</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:0in;margin-right:
=
1.7pt;margin-bottom:0in;margin-left:4.05pt;margin-bottom:.0001pt;text-ali=
gn:
center;line-height:normal;background:white'><b><font size=3D6 =
face=3DEbrima><span
=
style=3D'font-size:25.0pt;font-family:Ebrima;font-weight:bold'> Cash=
Flow
Planning / Forecasting</span></font></b><o:p></o:p></p>
</td>
</tr>
<tr height=3D57 style=3D'height:42.55pt'>
<td width=3D745 height=3D57 style=3D'width:558.95pt;padding:.75pt =
.75pt .75pt .75pt;
height:42.55pt'>
<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:0in;margin-right:
=
0in;margin-bottom:0in;margin-left:14.15pt;margin-bottom:.0001pt;text-alig=
n:
=
center;text-indent:-8.5pt;line-height:normal;background:white'><b><font
size=3D5 face=3DEbrima><span =
style=3D'font-size:20.0pt;font-family:Ebrima;
font-weight:bold'>3<sup>rd</sup> November =
2020</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:0in;margin-right:
=
0in;margin-bottom:0in;margin-left:14.15pt;margin-bottom:.0001pt;text-alig=
n:
=
center;text-indent:-8.5pt;line-height:normal;background:white'><b><font
size=3D3 color=3Dblack face=3DEbrima><span =
style=3D'font-size:12.0pt;font-family:
Ebrima;color:black;font-weight:bold'>(</span></font></b><b><font =
size=3D5
color=3Dblack face=3DEbrima><span =
style=3D'font-size:16.0pt;font-family:Ebrima;
color:black;font-weight:bold'>11:00am to =
4.30pm)</span></font></b><o:p></o:p></p>
</td>
</tr>
<tr height=3D36 style=3D'height:26.8pt'>
<td width=3D745 height=3D36 style=3D'width:558.95pt;padding:.75pt =
.75pt .75pt .75pt;
height:26.8pt'>
<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:0in;margin-right:
=
1.7pt;margin-bottom:0in;margin-left:4.05pt;margin-bottom:.0001pt;text-ali=
gn:
center;line-height:normal;background:white'><b><font size=3D4 =
face=3DEbrima><span
=
style=3D'font-size:15.0pt;font-family:Ebrima;font-weight:bold'>By</span><=
/font></b><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:0in;margin-right:
=
0in;margin-bottom:0in;margin-left:3.1pt;margin-bottom:.0001pt;text-align:=
center;line-height:normal;background:white'><b><font size=3D5 =
face=3DEbrima><span
style=3D'font-size:18.0pt;font-family:Ebrima;font-weight:bold'>Mr. =
Nayan M</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal;background:white'><font size=3D4
face=3DEbrima><span style=3D'font-size:14.0pt;font-family:Ebrima'>Ex. =
Financial
Controller-DHL & Pizza Hut</span></font><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal;background:white'><font size=3D4
face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima'>& Sr.
Management Consultant</span></font><o:p></o:p></p>
</td>
</tr>
<tr height=3D4 style=3D'height:3.0pt'>
<td width=3D745 height=3D4 style=3D'width:558.95pt;padding:.75pt .75pt =
.75pt .75pt;
height:3.0pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:1.7pt;
=
margin-bottom:0in;margin-left:4.05pt;margin-bottom:.0001pt;line-height:no=
rmal;
background:white'><b><font size=3D3 face=3DEbrima><span =
style=3D'font-size:12.0pt;
=
font-family:Ebrima;font-weight:bold'>Introduction</span></font></b><o:p><=
/o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:1.7pt;
=
margin-bottom:0in;margin-left:3.95pt;margin-bottom:.0001pt;text-align:jus=
tify;
line-height:normal;background:white'><font size=3D3 =
face=3DEbrima><span
style=3D'font-size:12.0pt;font-family:Ebrima'>One of the biggest =
challenges
that Companies are currently facing is deploying funds more =
efficiently.
Expenses continue to mount, whilst precious funds are locked in =
Inventory and
Receivables.</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:1.7pt;
=
margin-bottom:0in;margin-left:3.95pt;margin-bottom:.0001pt;text-align:jus=
tify;
line-height:normal;background:white'><font size=3D3 =
face=3DEbrima><span
style=3D'font-size:12.0pt;font-family:Ebrima'>The recent <st1:City =
w:st=3D"on"><st1:place
w:st=3D"on">Corona</st1:place></st1:City> crises have created =
uncertainty.
Sales and operations have taken a hit and as a consequence =E2=80=93 =
Fund flows
are no longer predictable.</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:1.7pt;
=
margin-bottom:0in;margin-left:3.95pt;margin-bottom:.0001pt;text-align:jus=
tify;
line-height:normal;background:white'><font size=3D3 =
face=3DEbrima><span
style=3D'font-size:12.0pt;font-family:Ebrima'>This has led to =
increasing
pressure on the Management to keep their businesses =
afloat.</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:1.7pt;
=
margin-bottom:0in;margin-left:3.95pt;margin-bottom:.0001pt;text-align:jus=
tify;
line-height:normal;background:white'><font size=3D3 =
face=3DEbrima><span
style=3D'font-size:12.0pt;font-family:Ebrima'>Working Capital =
constitutes a big
chunk of the investment for most =
Companies.</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:1.7pt;
=
margin-bottom:0in;margin-left:3.95pt;margin-bottom:.0001pt;text-align:jus=
tify;
background:white'><font size=3D3 face=3DEbrima><span =
style=3D'font-size:12.0pt;
font-family:Ebrima'>Efficient Management of Working Capital and fund =
flows
strategy will be one of the keys to emerge =
unscathed..</span></font><o:p></o:p></p>
</td>
</tr>
<tr height=3D3 style=3D'height:2.15pt'>
<td width=3D745 height=3D3 style=3D'width:558.95pt;padding:.75pt .75pt =
.75pt .75pt;
height:2.15pt'>
<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:0in;margin-right:
=
0in;margin-bottom:0in;margin-left:17.3pt;margin-bottom:.0001pt;text-align=
:
center;background:white'><b><font size=3D6 face=3DEbrima><span =
style=3D'font-size:
=
22.0pt;font-family:Ebrima;font-weight:bold'>Contents</span></font></b><o:=
p></o:p></p>
</td>
</tr>
<tr height=3D20 style=3D'height:14.9pt'>
<td width=3D745 height=3D20 style=3D'width:558.95pt;padding:.75pt =
.75pt .75pt .75pt;
height:14.9pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;background:=
white;vertical-align:baseline'><font size=3D5 face=3DSymbol><span
=
style=3D'font-size:16.0pt;font-family:Symbol'>=C2=B7</span></font><font =
size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D5 face=3DEbrima><span =
style=3D'font-size:16.0pt;font-family:Ebrima;
font-weight:bold'>Optimising Working =
Capital </span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Concept of Working =
Capital</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>What is the Working Capital =
Cycle</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Factors affecting Working Capital =
requirements</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Why Inventory =
Management</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Inventory Management =
Techniques</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Optimising Trade =
Receivables</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Formulating a Credit =
Policy</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Accounts Payable =
Management</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-height:
12.65pt;background:white;vertical-align:baseline'><font size=3D1 =
face=3DEbrima><span
=
style=3D'font-size:8.0pt;font-family:Ebrima'> </span></font><o:p></o=
:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;background:=
white;vertical-align:baseline'><font size=3D5 face=3DSymbol><span
=
style=3D'font-size:16.0pt;font-family:Symbol'>=C2=B7</span></font><font =
size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D5 face=3DEbrima><span =
style=3D'font-size:16.0pt;font-family:Ebrima;
font-weight:bold'>Improving Operating Cash =
Flow </span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Concept of Return on =
Investment</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Driving Shareholder =
Value</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Cost-Volume-Profit =
Relationship</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Methods of Financial =
Forecasting</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Reasons for Holding =
Cash</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Objectives of Cash =
Management</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Minimising Cash Float and Accelerating the Cash =
Cycle</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:51.6pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
-.25in;background:white;vertical-align:baseline'><font size=3D4 =
face=3DWingdings><span
=
style=3D'font-size:14.0pt;font-family:Wingdings'>=C3=BC</span></font><fon=
t size=3D1
face=3D"Times New Roman"><span =
style=3D'font-size:7.0pt;font-family:"Times New =
Roman"'> </span></font><b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima;
font-weight:bold'>Cash Management =
Tools</span></font></b><o:p></o:p></p>
</td>
</tr>
<tr height=3D20 style=3D'height:14.9pt'>
<td width=3D745 height=3D20 style=3D'width:558.95pt;padding:.75pt =
.75pt .75pt .75pt;
height:14.9pt'>
<p class=3DMsoNormal =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;background:white'><b><font size=3D5 =
face=3DEbrima><span
style=3D'font-size:18.0pt;font-family:Ebrima;font-weight:bold'>Profile =
of
Faculty</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:14.15pt;margin-bottom:.0001pt;text-align:justify;text-ind=
ent:
-8.5pt;line-height:normal;background:white'><b><font size=3D4 =
face=3DEbrima><span
style=3D'font-size:14.0pt;font-family:Ebrima;font-weight:bold'>Mr. =
Nayan
M- </span></font></b><font size=3D3 face=3DEbrima><span =
style=3D'font-size:
12.0pt;font-family:Ebrima'>Ex. Financial Controller-DHL & Pizza =
Hut &
Sr. Management Consultant</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:.05in;
=
margin-bottom:0in;margin-left:12.1pt;margin-bottom:.0001pt;text-align:jus=
tify;
line-height:normal;background:white'><font size=3D3 =
face=3DEbrima><span
style=3D'font-size:12.0pt;font-family:Ebrima'>Finance Professional cum
Entrepreneur with over 30 years experience. Worked for 20 years in =
large
multinational organisations such as DHL Express, Pizza Hut and Elf =
Group. Mr.
Nayan works in the field of Corporate Trainings and provide training =
such as
Finance for Non-Finance, Leadership, Communication, Presentation and
Negotiation. He used his vast experience with MNC=E2=80=99s and =
Finance,
Communication styles and knowledge of cultures, Entrepreneurial Skills =
to
help Executives achieve their professional and personal =
goals.</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:.05in;
=
margin-bottom:0in;margin-left:12.1pt;margin-bottom:.0001pt;text-align:jus=
tify;
line-height:normal;background:white'><font size=3D3 =
face=3DEbrima><span
style=3D'font-size:12.0pt;font-family:Ebrima'>Mr. Nayan=E2=80=99s few =
Key
achievements are acquisition of the <b><span =
style=3D'font-weight:bold'>DHL
Express as a Area Financial Controller</span></b> South Asia, =
Business
in Pakistan =E2=80=93 Value of Deal =E2=82=AC - 35 M, Buyout of DHL =
Agency
Business in Bangladesh =E2=80=93 Value of Deal =E2=82=AC - 12 M, =
Establishment of
the =E2=80=9C<b><span style=3D'font-weight:bold'>Pizza Hut=E2=80=9D =
Brand in Mumbai
as Financial Controller</span></b>, from scratch =E2=80=93 Including =
sourcing
of Kitchen Equipment, lease of property, Construction of new =
restaurants,
Worked with McKinsey & Company to lay out the India Vision for the =
DHL
Group =E2=80=93 Projected Turnover - =E2=82=AC 3 B, Successful =
Management
of 2 IPO=E2=80=99s for an Indo-Swiss Packaging Company, Empanelled =
with the
Institute of Chartered Accountants of India (ICAI), and the WIRC to =
train CA
students.</span></font><o:p></o:p></p>
</td>
</tr>
<tr height=3D83 style=3D'height:62.4pt'>
<td width=3D745 height=3D83 style=3D'width:558.95pt;padding:.75pt =
.75pt .75pt .75pt;
height:62.4pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:.05in;
=
margin-bottom:0in;margin-left:14.15pt;margin-bottom:.0001pt;text-align:ju=
stify;
text-indent:-8.5pt;line-height:normal;background:white'><b><font =
size=3D5
face=3DEbrima><span =
style=3D'font-size:16.0pt;font-family:Ebrima;font-weight:
bold'>Course=E2=80=99s time =
structure:</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:14.15pt;margin-bottom:.0001pt;text-align:justify;text-ind=
ent:
-8.5pt;line-height:normal;background:white'><b><font size=3D5 =
face=3DEbrima><span
style=3D'font-size:16.0pt;font-family:Ebrima;font-weight:bold'>Session
=E2=80=93 (11:00am to 4.30pm) </span></font></b><b><font =
size=3D4
face=3DEbrima><span =
style=3D'font-size:13.0pt;font-family:Ebrima;font-weight:
bold'>30mins Break Included</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:14.15pt;margin-bottom:.0001pt;text-align:justify;text-ind=
ent:
-8.5pt;line-height:normal;background:white'><b><font size=3D5 =
face=3DEbrima><span
=
style=3D'font-size:16.0pt;font-family:Ebrima;font-weight:bold'>Pre-requis=
ites</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:14.15pt;margin-bottom:.0001pt;text-align:justify;text-ind=
ent:
-8.5pt;line-height:normal;background:white'><font size=3D2 =
face=3DEbrima><span
style=3D'font-size:11.0pt;font-family:Ebrima'>You should have good =
internet
connection and good quality headphone/speaker set with Laptop / =
Desktop.</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:14.15pt;margin-bottom:.0001pt;text-align:justify;text-ind=
ent:
-8.5pt;line-height:normal;background:white'><font size=3D2 =
face=3DEbrima><span
style=3D'font-size:11.0pt;font-family:Ebrima'>You should have =
notepad/pen to
note down important points.</span></font><o:p></o:p></p>
</td>
</tr>
<tr height=3D234 style=3D'height:175.5pt'>
<td width=3D745 height=3D234 style=3D'width:558.95pt;padding:.75pt =
.75pt .75pt .75pt;
height:175.5pt'>
<p class=3DMsoNormal =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal;background:white'><b><font size=3D4 face=3DEbrima><span =
style=3D'font-size:
14.0pt;font-family:Ebrima;font-weight:bold'>How to =
Register:</span></font></b><o:p></o:p></p>
<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 =
cellpadding=3D0
style=3D'margin-left:79.7pt;border-collapse:collapse'>
<tr>
<td width=3D217 valign=3Dtop style=3D'width:163.05pt;border:solid =
black 1.0pt;
padding:0in 5.4pt 0in 5.4pt'>
<p class=3DMsoNormal =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
line-height:normal;background:white'><b><font size=3D4 =
face=3DEbrima><span
=
style=3D'font-size:14.0pt;font-family:Ebrima;font-weight:bold'>Fees: =
;</span></font></b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima'>per
person</span></font><o:p></o:p></p>
</td>
<td width=3D158 valign=3Dtop style=3D'width:118.75pt;border:solid =
black 1.0pt;
border-left:none;padding:0in 5.4pt 0in 5.4pt'>
<p class=3DMsoNormal =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
line-height:normal;background:white'><b><font size=3D4 =
face=3DEbrima><span
style=3D'font-size:14.0pt;font-family:Ebrima;font-weight:bold'>Rs. =
4500 /-</span></font></b><font
size=3D4 face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:Ebrima'> </span></font><o:p></=
o:p></p>
</td>
<td width=3D163 valign=3Dtop style=3D'width:122.2pt;border:solid =
black 1.0pt;
border-left:none;padding:0in 5.4pt 0in 5.4pt'>
<p class=3DMsoNormal =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
line-height:normal;background:white'><b><font size=3D4 =
face=3DEbrima><span
style=3D'font-size:14.0pt;font-family:Ebrima;font-weight:bold'>USD $ =
75</span></font></b><o:p></o:p></p>
</td>
</tr>
</table>
<p class=3DMsoNormal =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal;background:white'><b><font size=3D4 face=3DEbrima><span =
style=3D'font-size:
14.0pt;font-family:Ebrima;font-weight:bold'>18 % GST is =
applicable</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:24.55pt;margin-bottom:.0001pt;line-height:normal;backgrou=
nd:
white'><b><font size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;
=
font-family:Ebrima;color:black;font-weight:bold'>> </span></font>=
</b><font
size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:
Ebrima;color:black'>Please write to <b><span =
style=3D'font-weight:bold'>gcmseminars@yahoo.com </span></b></span><=
/font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:24.55pt;margin-bottom:.0001pt;line-height:normal;backgrou=
nd:
white'><font size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;
font-family:Ebrima;color:black'>> <b><span =
style=3D'font-weight:bold'>Call
Mr. Rajeev Gupta- 9711114779 / =
8929596899</span></b></span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:24.55pt;margin-bottom:.0001pt;line-height:normal;backgrou=
nd:
white'><b><font size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;
font-family:Ebrima;color:black;font-weight:bold'>For Query and =
nominations
=E2=80=93 09540012349 only Whatsapp</span></font></b><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:24.55pt;margin-bottom:.0001pt;line-height:normal;backgrou=
nd:
white'><b><font size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;
=
font-family:Ebrima;color:black;font-weight:bold'>> </span></font>=
</b><font
size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:
Ebrima;color:black'>Mode of Payment: NEFT /Paytm / Credit =
Card</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:24.55pt;margin-bottom:.0001pt;line-height:normal;backgrou=
nd:
white'><b><font size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;
=
font-family:Ebrima;color:black;font-weight:bold'>> </span></font>=
</b><font
size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:
Ebrima;color:black'>Cheque favouring <b><span =
style=3D'font-weight:bold'>GCM
Worldwide</span></b> payable at <st1:City =
w:st=3D"on"><st1:place
w:st=3D"on"><b><span style=3D'font-weight:bold'>New =
Delhi</span></b></st1:place></st1:City>.</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:24.55pt;margin-bottom:.0001pt;line-height:normal;backgrou=
nd:
white'><b><font size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;
=
font-family:Ebrima;color:black;font-weight:bold'>> </span></font>=
</b><font
size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;font-family:
Ebrima;color:black'>Fees include certificate of participation & =
Course
Material.</span></font><o:p></o:p></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
=
0in;margin-left:24.55pt;margin-bottom:.0001pt;line-height:normal;backgrou=
nd:
white'><font size=3D4 color=3Dblack face=3DEbrima><span =
style=3D'font-size:14.0pt;
font-family:Ebrima;color:black'>*Terms & Condition =
Apply.</span></font><o:p></o:p></p>
</td>
</tr>
<tr height=3D86 style=3D'height:64.85pt'>
<td width=3D745 height=3D86 style=3D'width:558.95pt;padding:.75pt =
.75pt .75pt .75pt;
height:64.85pt'>
<p class=3DMsoNormal align=3Dcenter =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal;background:white'><b><u><font =
size=3D3
face=3DEbrima><span =
style=3D'font-size:12.0pt;font-family:Ebrima;font-weight:
bold'>GCM Worldwide</span></font></u></b><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal;background:white'><font size=3D3
face=3DEbrima><span =
style=3D'font-size:12.0pt;font-family:Ebrima'>To keep
receiving our regular Mailers in inbox.</span></font><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal;background:white'><font size=3D3
face=3DEbrima><span style=3D'font-size:12.0pt;font-family:Ebrima'>Add =
us to your
address book.</span></font><o:p></o:p></p>
<p class=3DMsoNormal align=3Dcenter =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal;background:white'><font size=3D3
face=3DEbrima><span style=3D'font-size:12.0pt;font-family:Ebrima'>For =
unsubscribe
from the mailing list, please mail us on =
gcmgford@yahoo.com.</span></font><o:p></o:p></p>
</td>
</tr>
</table>
</div>
<p class=3DMsoNormal =
style=3D'margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal;background:white'><font size=3D1 color=3Dblack =
face=3DEbrima><span
style=3D'font-size:6.0pt;font-family:Ebrima;color:black'>s</span></font><=
font
color=3Dblack><span style=3D'color:black'><o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DCalibri><span =
style=3D'font-size:11.0pt;
line-height:115%'><o:p> </o:p></span></font></p>
</div>
</body>
</html>
------=_NextPart_000_5FA0_01D6AF5D.24193760--
@KyuuKazami