GOIC - Workshop on Financial Rehabilitation of Non Performing Industries

Workshop on Financial Rehabilitation of Non Performing Industries
22 – 24 November 2008
Grand Hyatt Muscat, Oman

The Gulf Organization for Industrial Consulting (GOIC) was conceptualized as a knowledge-hub and industrial investment promotion catalyst for the purpose of industrial diversification and development within the GCC countries. GOIC provides the public and the private industrial sector with distinctive knowledge and skills targeting at improving the industry's performance, further raise the quality of their deliverables as well as manage their investments in an efficient and sustainable way.

One recent concern for the industrial sector in the GCC member states is that the number of industrial units considered "sick" or showing signs of sickness has increased to the extent that they exceed more than 25% of the total industrial units in several countries. Rehabilitation of these industries is thus very important for continued prosperous industrial development. The process of rehabilitation of sick industries is more complex than starting anew, and needs a very specialized set of skills. Even more importantly, it is essential to assess correctly whether an industry is showing signs of sickness and if so, what means to adapt to prevent it from going sick.

This workshop on "Financial rehabilitation of Non-Performing Industries" aims at equipping participants to predict sickness by a complex assessment of the industry, presents a set of alternative ways of possible corrective action and means that could be utilized for reviving a sick unit.

This workshop is part of GOIC's program for 2008-2009 prepared in cooperation with the Ministry of Commerce and Industry in Oman.

The workshop aims to develop the capacity of the participants to predict sickness and/or to take corrective action and turnaround management of sick industries.

EXPECTED OUTCOME

After the completion of the workshop participants are expected to be equipped with:

WHO SHOULD ATTEND

The workshop would mostly benefit participants belonging to or associated with the following groups:

The workshop will be conducted in six sessions. Experienced industrialist trainers, Power point presentations, real life examples and group discussions will guide the participants through the following steps:



23-11-2008	Tuesday	Second Day
Timing	Topic	Speaker
8:30 – 9:00	Networking / Coffee Tea
9:00 – 10:00	Part III :WOT Analysis and Growth Strategy	Eng Nelson P Mathew Consultant
10:00 – 10:30	Group Discussion	Coordinator All Participants
10:30 – 10:45	Tea/Coffee Break
10:45 – 12:00	Part IV : Financial Restructuring and Analysis	Eng Nelson P Mathew Consultant
12:00 – 12:30	Tea/Coffee/ Prayer Break
12:00 – 13:00	Part IV : Financial Restructuring and Analysis l (cont’d)	Eng Nelson P Mathew Consultant
13:00 – 13:30	Project Appraisal - Exercise	Coordinator All Participants

24-11-2008	Wednesday	Third Day
Timing	Topic	Speaker
8:30 – 9:00	Networking / Coffee Tea
9:00 – 10:30	Part V : Turnaround Management	Eng Nelson P Mathew Consultant
10:00 – 10:30	Group Discussion	Coordinator All Participants
10:30 – 10:45	Tea/Coffee Break
10:45 – 12:00	Part VI : Case Study	Eng Nelson P Mathew Consultant
12:00 – 12:30	Tea/Coffee/ Prayer Break
12:30 – 13:00	Part VI : Case Study (cont’d)	Eng Nelson P Mathew Consultant
13:00 – 13:30	Presentation	Selected Participants
13:30	Adjournment

The support documents for the workshop will be provided to each participant in a CD at the Registration desk on the First day of the training.

•Power point presentation covering the key sessions of the workshop
•A spread sheet for display of projections and for showing the changing effect of variables on profitability
•An individual assignment prepared to allow for a better understanding of the situation or problem
•A common case study to guide the participants to carry out the status study

The workshop will be conducted by a team of two engineering consultants. Nelson P Mathew, an engineer with an MBA degree and about 25 years experience will head this team..

Engineer Nelson P. Mathew

Engineer Nelson P. Mathew is a certified Project Management Professional (PMP) of the Project Management Institute, USA. Eng. Nelson also possesses four other degrees: a Masters Degree in Business Administration (MBA) from the USA, a Masters Degree in Financial Management (MFM), a Post Graduate Diploma in Administrative Management (DAM) as well as a B.Tech in Chemical Engineering from India. In addition, to confirm his public speaking skills, he is a certified Distinguished Toastmaster (DTM), the highest recognition awarded by the Toastmasters International of the USA.

Eng. Mathew is an engineering consultant with over 20 years overall experience in project engineering out of which 15 years invested in industrial project management in the GCC states. His latest assignment, ending in August 2008, was with GOIC, as Head of the Industrial Investment Unit since March 2003. Before joining GOIC, he was the Chief Executive of Al Baraka Consultancy in Oman for 10 years, Manager for Finance & Projects for a prominent business group in Oman for 4 years, and Project Engineer with Tata Consulting Engineers in India for 5 years. He was also a visiting faculty member of an accredited MBA program.

Mr. Mathew has managed more than ten major industrial projects from concept to commissioning as project manager, headed more than 150 consultancy studies and written a number of papers on industrial development and project management matters. He has conducted many workshops on subjects such as project management, project negotiations and communication and leadership, and participated and presented papers in a number of international conferences and seminars.

He is currently a member of the Project Management Institute of the USA, and a fellow of Institute of Commercial Management, UK.

Engineer Shaju Jose holds a B. Tech in Mechanical Engineering degree from India and an MBA in e-Business from the USA. He is currently the Chief Operating Officer of Al Baraka Consultancy, Qatar. He was certified as a Competent Toastmaster (CTM) and Competent Leader (CL), recognitions awarded by the Toastmasters International of the USA.
Eng. Shaju has worked in various executive management capacities in several GCC member states and has about 18 years experience in logistics, business management and project management.

Training is Eng. Shaju's passion. He has conducted many workshops on subjects such as communication, management and leadership. He is also one of the Directors of a program named skills4excellence.com which imparts training to students and adults in programs like time management, goal setting, mind mapping etc.
Mr. Shaju has managed many contracts for supply, installation and service of plants in the oil and gas sector. He has carried also out various techno-economic studies for industrial projects.

He is currently a member of the American Society of Mechanical Engineers and Toastmasters International of USA.

Two to three companies and/or institutions wishing to be directly associated as supporters of Oman's sustainable industrial development activities will have the opportunity to become sponsors to this Workshop.

Please complete the Online Participant Registration form before October 31st in order to be registered. A formal Letter of Acceptance containing information about the venue and other useful data will be sent to the address indicated on the form once the registration form has been received by GOIC.

Read more about GOIC programs in general and the EII Program in particular on: www.goic.org.qa