thanks for asking.

This is in fact perfectly possible. Have a look at the screenshot at 
http://static.iospirit.com/static/objectfiles/image/580/ 
menuConfigurationShot.jpg

Simply follow these steps: 
1) Open Preferences and click on "Menu"

2) Select "Debashis' profile" from the popup in the header of the 
right table.

3) Start making changes so the menu fits your needs by simply 
dragging and dropping menu items, folder and files - from the left or 
the Finder.

Hope that helps.

Best regards, 
Felix