Ashraf Shaikh
Costing And FInance Professional
Surat
Summary
Dynamic finance professional with extensive expertise in cost accounting, budgeting, and financial analysis within the manufacturing sector. Proven track record of optimizing production costs and enhancing profitability while supporting strategic decision-making. Committed to leveraging advanced cost control techniques and financial planning skills in a senior finance role to drive operational efficiency and foster sustainable growth. Dedicated to delivering impactful financial solutions that align with organizational goals and enhance overall performance.
Overview
13
13
years of professional experience
Work History
Assistant General Manager – Finance
Garden Silk Mills Private Limited
02.2024 - Current
- Product Costing for Existing & New Products (CK11N, CK13N, CK24N, CK40N)
- Activity Rates (KP26) fixation
- Cost-Centre (Department) Wise Cost Analysis ($_ALR_87013611 & KSB1)
- Preparation and Analysis of Monthly Financial Statements (BS and P&L)
- Power Cost and Utility Cost Allocation (KB31N, KSV5)
- Secondary Allocation of Difference between Standard Cost and Actual Cost (KB31N, KSU5)
- Variance Analysis on P&L (Budget vs Actual) (Quantity as well as Rate Variance)
- Annual Operating Plan Preparation
- Approval of Service entry sheet (ML85)
- Segment-wise Reporting (Greige and Finished Fabrics)
- Actual Costing run in SAP S4 HANA (CKMLCP)
- Statutory Audit for Plant Accounts
Manager – Costing
Audax Protective Fabrics Pvt Ltd
07.2019 - 02.2024
- Product Costing for Existing & New Products
- Given Transfer Price (TP) to Logistics Department on Monthly Basis for Invoicing
- Creation of Bill of material in Tally for New Products.
- Overhead Absorption Rate Workings
- Standard Costing
- Work Order Wise Standard vs Actual Bill of Material Variances
- Core Team Member in Datatex ERP Implementation
- Preparation of Monthly MIS
- Sales and Raw Material Variance Analysis
- Inventory Valuation at the end of each month
- Analysis of Balance Sheet and Profit & Loss Account on monthly basis. Reasons provided to Financial Controller for Net Increase/Decrease in Profit.
- Co-ordination with Statutory Auditor for Statutory Audit, Tax Audit and Transfer Pricing Report
- Preparation of Capitalization Memo
- Prepare Capital Work in Process at the end of each month
- Fixed Asset Management and Depreciation Calculation as per Income Tax Act and Companies
- Advance Income Tax Workings on quarterly basis for payment
- Funds Management
- Upload Domestic and Imports payments on HDFC ENET.
- Process GST and TDS payment Online
- Working send to Auditor for filling of ECB-2 Return
- Prepare Project Report for Bank Financing
- Prepare Stock Statement for Bank on Monthly Basis
- Prepare UFCE Statement for Bank on Quarterly Basis
- Prepare and send documents to Consultant for TUFF Subsidy Claim
- Prepared data for Income Tax Scrutiny and send to consultant for further proceedings
- Prepare Workings of TDS and GST on monthly basis and Send to Consultant for filling of Return
- Receivables and Payable Management
- Physical Verification of Inventories at the end of the month
Manager – Costing
Jai Corp Limited
03.2013 - 07.2019
- Maintain Cost Accounting Records of Jai Corp Limited for the Company as a whole having 8 Units in all Over India.
- Co-ordination with Cost Auditor for Cost Audit at the end of the year.
- Filling of Cost Audit Report in XBRL (Extensible Business Reporting Language).
- Prepare CAS-4 Certificate for Daman-141 Unit. CAS-4 certificate required by excise departments when Excisable goods are not sold by the assessee but are used for captive consumption by him.
- Prepare sample cost sheet for marketing persons whether export orders accepted or not on price which is set by marketing persons and export customer.
- Calculation of Machine Cost Per hour.
- Break Even Point Analysis
- Product Wise Costing for Export Customers
- Monthly Comparison of Operating Cost of REPOL Division for JCL-Daman-148, JCL-Khadoli and JCL-Athal units.
- Monthly Comparison of Operating Cost of FIBC Division for JCL-Daman-148 and JCL-Athal units.
- Finalization of accounts on monthly, quarterly and yearly basis and prepare Balance Sheet and Profit & Loss Account on monthly, quarterly and yearly basis for Daman-148 unit.
- Analysis of Balance Sheet and Profit & Loss Account on monthly basis. Reasons provided to Chief Financial Officer for Net Increase/Decrease in Profit.
- Prepared Return on Capital Employed (ROCE) on monthly basis.
- Co-ordination with Statutory Auditor for Limited Review and Statutory Audit.
- Co-ordination with Internal Auditor for Monthly MIS, Internal Audit and IFC Audit.
- Segment wise reporting for daman-148 unit e.g., Domestic, Export and FIBC.
- Calculation of Sales Price and Volume Variances and Raw Material Price, Usage, Mix and Yield Variances at the end of each month.
- Finished Goods, Work in Process and Raw Material stock valuation at the end of each month.
- Prepare Input-Output Statement at the end of each month.
- Physical Verification of Raw Material, Work in Process and Finished Goods at the end of the month.
- Physical Verification of Fixed Asset at the end of the year.
- Preparation of Capitalization memo.
- Providing help for SAP B1 implementation in daman-148 unit.
- Maintain Fixed Asset Register as per companies act as well as income tax act for Daman-148 unit.
- Ledger Scrutiny on weekly basis. Pass necessary entries if needed.
- Checked A/P invoices and A/R invoices.
- Reconciliation of inter unit balance, sales and purchases at the end of each month.
- Prepared outstanding Liabilities and Prepaid working at the end of each month and passed necessary entries in the books at the end of each month.
- Co-ordination with Sales Tax Auditor for VAT & CST Audit for daman units
Education
CMA - Costing, Financial Accounting, Taxation,
The Institute of Cost Accountants of India
Surat South Gujarat Chapter Of Cost Accountants 04.2001 -
Bachelor of Commerce - Financial Accounting, Auditing,
Arts & Commerce College
Veer Narmad South Gujarat University 04.2001 -
Skills
Proficient in SAP S4 HANA and SAP B1
COST TRAINING PERIOD :
- Amish Parmar & Associates :- 1 August 2012 to 28.02.2013 :
- Worked with Amish Parmar & Associates, Opp. Sargam Shopping Centre, Above Hamdam Restaurant, Parle Point, Surat.
- Detail Profile:
- Maintain Cost Accounting Records of Dakshin Gujarat Vij Company Limited (DGVCL) having turnover of Rs. 4000 crores or more.
- Prepare Cost Audit Report of Prakash Steelage Limited and Virdev intermediates pvt ltd.
- K.P. Buildcon Private Limited :-1 june 2010 to 31st july 2012:
- Worked with K.P. Buildcon Private Limited, 1/98, Golandaz Building, Golandaz Street, Nanpura, Surat as account assistant. The company and 9 Branches in 9 Different States of India
- Purchase Bill Entry : Making Purchase bill entry received from Vendors/supplier/contractors of the company.Reporting to the concerned departments for the report.
- Impress Account Handling: As the company is in contraction business there is huge work of cash transactions. Maintaining employee-wise Impress accounts and handling of all the flow of cash Impress in 9 circles in the different branches.
- Sales Invoices Entry :Making Sales invoices entry received from customer and reporting to concerned department for the report.
- Finalization of Accounts : Providing help for finalization of accounts at the end of the year.
PERSONAL INFORMATION :
Name Mohmadashraf Akharthusain Shaikh Father’s Name Akharthusain Abdulrahim Shaikh Permanent Address 13, Junapara, Main Road, Olpad, Dist :- Surat - 394540 Gender Male Date of Birth 27th Aug 1988 Nationality Indian Status Married Languages known English, Hindi, Gujarati Hobbies Playing Cricket and Volleyball, Reading & keep in touch with new technologies. I hereby declare that the information furnished above is true to the best of my knowledge and belief. Date: - 08/01/2026 Place: - Surat YOUR`S FAITHFULLY ASHRAF SHAIKH
References
- Vijaykumar, Kedia, Practicing Cost Accountant, vrkedia42@hotmail.com, 022-26480717, 93321-80717, 32/A, Jay Bharat Society, 3rd Road, Khar (W), Mumbai, 400 052
- Pramodkumar, Jaiswal, Chief Financial Officer, pramod.jaiswal@jaicorpindia.com, 99876-24041, Jai Corp Limited, Nariman Point, Mumbai, 400021
Timeline
Assistant General Manager – Finance
Garden Silk Mills Private Limited
02.2024 - Current
Manager – Costing
Audax Protective Fabrics Pvt Ltd
07.2019 - 02.2024
Manager – Costing
Jai Corp Limited
03.2013 - 07.2019
CMA - Costing, Financial Accounting, Taxation,
The Institute of Cost Accountants of India
04.2001 -
Bachelor of Commerce - Financial Accounting, Auditing,
Arts & Commerce College
04.2001 -