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RESUME
Mr BHUSHANT.PATEL
A/502-Green Field,Thakur complex,Off Western Express Highway,Kandivli (E), Mumbai-400101
Mobile : 9833080347,9819091812,9224247416,Land line:.28541812
Email: bhshn_patel@yahoo.co.in
CAREER OBJECTIVE
Gaining proficiency in the areas of ‘Costing, Accounts, Budgeting, Auditing & MIS’ and developing myself
as a professional who can be of importance to the management in various decisions making processes.
EDUCATIONAL QUALIFICATION
a. A.I.C.W.A – Qualified Cost Accountant from The Institute of Cost & Works Accountant of
India,Year of Passing – Dec 1987
b. Bachelor of Commerce from Narsee Monjee College, affiliated to Mumbai University,
Year of Passing - April 1983
c. Secondary School Certificate from Narsee Monjee college affiliated to Pune Board,
Year of Passing - March 1980
EXPERIENCE SUMMARY
INDUSTRY WORK AREAS IN BRIEF DESIGNATION YEARS
Post professional
Qualification
Tenure &
Appreciation
Lilavati Hospital &
Research Centre
Business:-
Health Care
Costing, MIS, CAPEX proposals, Rates
determination, Cost reduction, Principal Co
ordinator organisational assessment by
HOSMAC,IMS health & Internal Audit,
Member of finance committee
GM-Costing & MIS
( Co ordinate Internal
audit plan and co
ordinate with assessor
like HOSMAC & IMS
health)
Since July
2007(joined as
AGM
promoted as
GM in 2013)
Excel Industries Ltd
Business:-
Pesticides,Chemicals,Agro
Chemicals,Power generation,
Bio tech
Costing, MIS,Budgeting, Cost Audit,Inventory
control,Pricing,Variance analysis,Inventory
Valuations for P/L, Sch VI requirement, Sec
145a Tax audit requirement, General Ledger
scrutiny, Financial audit requirement, Principal
Co-ordinator for Internal Audit , Service tax
ISD , Insurance etc.
Senior Manager -
Costing & Corporate
Accounts
(Including,Budgeting,
MIS,Internal Audit,
Insurance,Service tax)
1995-2007
Two
Promotions
& Two Special
Increments
(Joined as
Executive)
Larsen & Toubro Ltd
Business:-Engineering Giant
Worked in
Chem. equipment, Projects
etc.
Close Job analysis,Variance
analysis,Progressive invoicing of
Projects based on completion of work.
Supervisory-
Works Accounts
1994-1995
Lyka Labs Ltd.
Pharma company
Costing,MIS Reporting (Costing),DPCO,
Profitability,Contribution Analysis,
Inventory valuations, Cost audit, Sch VI
requirement, and Pricing.
Sr. Executive –
Costing
( Joined as
Mgt.Trainee)
1988-1994
One Promotion
& One Special
Increment
Pre Professional
Qualification
Practising Cost accountant :-
Y.R.Doshi & co,
Cost audit, Certification work etc. Assistant – 1985-1987
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COMPUTER LITERACY
Working Experience in LAN Environment.
Working Experience on Windows Platform covering :
- Excel, Word, Power Point, Lotus 123 ,
- Oracle base financial accounting system, Tally
PERSONAL DETAILS
Date of Birth : 30th August 1963
Marital Status : Married
DETAIL WORK EXPERIENCE PROFILE
Current Association :-
Lilavati Hospital & Research Centre.
System report generation to meet Costing & MIS function requirement
In patient billing system, OPD, Doctors accounting, Materials, Financial accounting on Tally
Costing & MIS
Department wise division wise performance analysis on quarterly basis (IP/OPD/Chemist/Others)
Transaction wise profitability as billed to patient.
Overheads analysis on monthly basis to determine recovery rates at department level-Medical & Non
medical
Periodic review of class wise accommodation costs and their rates chargeability
Periodic analysis of Investigation department like Pathology, Radiology, Blood bank and cost of each tests
Periodic review of various Health packages offered and discounts given so as to maintain reasonable
margin. Giving Rock Bottom prices for Health check Corporate clients inquiry.
Analysis of Corporate patient and rates to be offered at the time of entering into contract
Operation theatre costing so as to see recovery of Theatre charges to be billed each surgery wise
Costing of outsourced hospitality service provided by Sodexo in order to fix rates of various services.
Cost evaluation of performing test in house v/s getting them done outside to be more cost effective.
Analysis of slow moving & Non moving materials on monthly basis.
Sales variance analysis on monthly basis.
CAPEX proposals
Evaluation of CAPEX Medical and Non medical nature and feasibility study
Cost reduction drive:
Controlling wastages of material not billed, Chemicals used, exploring alternatives in consultation with
doctors & experts, Effective time management study to reduce non occupancy of beds
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Organisational Assessment and System Audit and standard for procedures and surgeries:
Act as a principal Co-ordinator between Hospital and Hosmac India Pvt.Ltd to carry out Organisational
Assessment and System Audit in Hospital and also between Hospital and IMS health to carry out
standardisation of medical and surgical procedures.
Other work like: Insurance related & member of finance committee submitting reports on weekly basis
Internal Audit
Co-ordinating and plan for Internal Audits for all departments with Auditors.
Following up for Internal Audit Reports.
Interacting with all the HOD on various observation made by Auditors.
Ensure all the Reports are made available before Audit committee on quarterly basis for their reference and
comments.
PREVIOUS ASSOCIATION: -
Excel Industries Ltd.
Costing & MIS
Productwise and divisionwise contribution analysis. Sales variance analysis.
Increase/decrease in stocks reporting.
Efficiency variance analysis for major products.
Compilation and review of site base MIS received at Head office like variance in
consumption of power & fuel and other utilities.
Product wise and division wise profitability on absorption costing basis.
Overhead analysis.
Other need base MIS like make or buy, Offer & acceptance, Pricing of new product.
Intra division transfer pricing.
Product costing, Capacity utilisation.
Member of Pricing committee: Generating various MIS report for review of price.
Cost audit
Maintenance of cost record as per Sec 209 (1) (d) of Companies Act.
Submission of Report to Company Law Board in time after getting it approved by
Audit committee and by Board of Directors
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Financial audit
General ledger scrutiny. Depreciation working.
Physical verification of stocks and valuation of stocks for Balance sheet.
Quantitative reconciliation of Production, Sales, Stocks, Materials for St VI.
Audit Statement requirement.
Quarterly/Half yearly unaudited results requirements.
Compilation of energy consumption details for director’s report.
Attending auditors and solving various accounts related queries.
Attending audit committee for discussion.
Grossing up of modvat under sec 145 (a) for tax audit.
Internal Audit/Stock Audit
Co ordinating and plan for Internal Audits for all division with Auditors.
Following up for Internal Audit Reports and Stock Audit Reports.
Interacting with all the Departments & Divisional Heads on various observation made by
Auditors.
Ensure all the Reports are made available before Audit committee on quarterly basis for
their reference and comments.
Insurance
Renewals of various policies considering addition/deletion of clauses,amount of risk
Coverage, comparing quotation of various insurance companies.
Payment of premium on due dates.
Maintaining & monitoring balance in deposit account with Insurance company.
Attending surveyor appointed by insurance company in the event of claim.
Putting up claim bill and follow up for claim settlement.
Accounting of Insurance premium and reconciling balance in deposit account with
Insurance company.
Service tax
Raising Invoice in the capacity of Input Service Distributor from Head Office on Site to
avail Credit under rule from 10.09.2004 onwards.
Accounting of service tax in the books of accounts.
Budgeting
Budgeting productwise divisionwise contribution.
Budgeting of overheads.
Comparison of actual with Budgets.
Review and revisions.
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Other areas of work
Cost centre codification.
Bank payment and Purchase voucher verification.
Cheque signing authority upto rupees Twenty-five Lac.
Co ordinates for likely question answers from share holders for AGM
Integrating Costing system with Accounting system as they are on different software
Co ordinating National Sample Survey Statistical information requirement.
Larsen & Tubro Limited: Close job analysis & progressive invoicing of projects.
Lyka Labs Limited
Productwise contribution analysis.
Productwise activitywise profitability.
Physical verification of stocks and stock valuation for Balance sheet.
Monthly reporting of stocks to Banks and to management.
Bill passing checking and codification checking of bills related to finished goods
purchase.
Verification of processing charges for goods manufactured on loan licence basis.
Supervision of material consumption.
Quantitative reconciliation of Production,Sales,Stocks,Materials for Sch VI
Price application as per DPCO
Submission of various forms under DPCO.
Meeting BICP and DGTD requirements time to time.
Complete cost audit requirement of Formulation and Bulk drugs.
REFERENCES:
Mr. Pravin Desai V.P.Finance, 184/87 Excel Crop Care Ltd, S.V.Road, Jogeshwari (West) M:
9987016796
Mr.Y.R.Doshi Practising Cost Accountant c-7/14,Jeevan Bima Nagar, Behind LIC shopping
centre, Borivli (w), Mumbai 103, Ph: 9833560909, 28953385/28939314
Other interest/activities
Doing Yog, Listening to Music, Going for Long drive, Travelling.
