PROFESSIONAL PROFILE: SANJAY B. BORAD:
Educational Qualifications:
1. Insolvency Professional (IP)
2. Cost & Management Accountant (CMA)
3. Company Secretary (CS)
4. MBA in Finance
5. B Com
6. Six Sigma Yellow Belt
7. NCFM
Professional Experience: (2012 till date)
He has been mainly involved into Cost Related Compliances, Cost and Management Consultancy, Process Implementation, Audit and Improvements.
1. Cost Related compliances include Cost Audits, Cost Record Preparation mandated by MCA to various industries.
2. Cost and Management Consultancy assignments include assignments like advising clients on costing of their products, pricing, cost reduction, cost optimization, structuring of pricing contracts, evaluation of new products viability, evaluation of whole new projects etc.
3. Process Implementation, Audit, and Improvements include assessing the current procedures of an organization and suggesting changes for the sake of efficiency and effectiveness.
Service Experience: (2006-2012)
• He started his career with Citi Group. Gained experience by understanding the company’s lending policy and sophisticated processes to prevent the event of fraud. Then, he joined GHF Group, a UK based MNC where he enhanced his experience by trading in Derivatives of fixed income instruments like Euribor and German bonds.
• He then worked with a merchant banker in the areas of Private Equity, IPO and Project Financing. He undertook preparation of Valuation Reports, Company and Industry Comparison Reports, Financial Modeling and Analysis, Drafting of Information Memorandum and DRHP, Due Diligence Report etc.
• He gained 3 years of invaluable experience at Vodafone, the world's largest telecom company at that time. His role encompassed a deep understanding of Vodafone's intricate accounting processes, spanning departments such as P2P, O2C, TCM, L2D, R2R, MDA, UAM, and Testing. Proficiency in SAP further enhanced his expertise. Notably, he earned a "Six Sigma Yellow Belt" by leading various cost reduction and automation initiatives, significantly enhancing processes using tools like Excel, Access, and Macros. He also played a vital role in establishing finance operations for Vodafone's innovative MPaisa - Mobile to Mobile Money Transfer vertical. Collaborating with banks, IT partner IBM, and the Mpaisa team, he ensured seamless integration within Indian regulatory frameworks.
 

Academic Experience:
• Guest Faculty at prestigious institutions: Ahmedabad Management Association, Royal Business School, Anagram’s Knowledge Academy, Saint Kabir Institute of Professional Studies, Ahmedabad Chapter of Cost Accountants, and SAL Institute of Business Management.
• Operates an EdTech initiative, eFinanceManagement.com, a globally recognized financial management website with 500K monthly views from 250 countries. Valued at $0.6 million, it received a merger offer from CorporateFinanceInstitute.com.
• Operates ExcelUnlocked.com, a website dedicated to Excel Learnings with 15K monthly views from 200 countries.
• Developed content for www.sixsigmabasics.com.
• Transitioned to practicing Cost Accountancy with 'S A & Associates,' focusing on statutory services and cost accounting expertise.
ABOUT OFFICE AND TEAM:
Our office is centrally located in Ahmedabad at C G Road. All senior as well as junior level team members are based at Ahmedabad. The team consists of 10 persons, which includes partners, associates, qualified accountants, trainees and other staff members. Other relevant information about our firm and office is as per the below mentioned table.

Firm Registration No. : 102408
Office Area : 1278 Sq ft
Name of Proprietor : Sanjay Bulaki Borad
Team : Qualified Assistant – 2, Support Staff – 4, Trainee – 3

MAJOR CLIENTS
Our clientele includes SMEs as well as established MNCs into various industries. Some of them are privately held companies and others are Public Limited and Listed companies on various Indian stock exchanges. In a practice vintage of 10 years, 50 companies are offered services in diverse industries. Following is the brief snapshot to explain our footing to render services of cost consultancy and statutory compliances.
Size of the Companies (Revenue-wise): Ranges from 20Crs to 1200 Crs.
Demographics: Majorly Gujarat, Maharashtra, West Bengal and Himachal Pradesh.
Type of Industries:
- Aluminium & Aluminium Products
(Foils, Wire Rods, Ingots, various De-oxidants) - FMCG
(Frozen Foods, Packaged Food Products, Wafers, Sweets)
- Engineering and Automotive Components
(Brake Drums, Housings, Hubs, CNC Machines) - TILES
(Ceramic, Vitrified, Frit, Marble Slabs)
- Electronic Components
(Printed Circuit Boards) - Organic and Inorganic Chemicals
(Food Colours, Polymers, Industrial Re-agents, Dyes, Resins, Fibre Re-inforced Plastics)
- Textiles
(Spinning & Weaving, Processing) - Paper and its products
(Corrugated Boxes, Laminates, Offset Cartons)
- Ship Breaking - Construction and Infrastructure
- Dairy Products
(Ice Cream, Milk and Milk Products) - Furniture and Fixtures
(Wooden Cabinates, Doors, Kitchens, Living rooms)
- Consumer Electronics
(Mixture, Grinder, other Consumer Appliances etc) - Plastics (Technical Textile)
(Cement & Fertilizer Bags, Construction Fabric, FIBC, GeoTex etc)
- Dangee Dums
A chain of Restaurant and Cake Shop. - Plastics (Blow & Injection Moulding)
(High and Low Density Bottles, Caps, Ring, etc)
- Hospitals (Multispecialty)
Hospital chain with more than 400 Cr. Turnover. - Gas Detectors and Monitoring (UPL Group)
- Amusement Park - Kitchen Appliances
Philips Group

LISTED COMPANIES IN OUR CLIENT LIST:
1. Shalby Ltd
2. Investment Precision Casting Ltd
3. Macpower CNC Machines Ltd
4. Dangee Dums Ltd
5. Minaxi Textile Ltd
6. Yizumi Precision Machinery (India) Pvt Ltd (Indian Subsidiary of a Listed Company in China

EMPANELED CONSULTANTS OF FOLLOWING COMPANIES IN PARTNERSHIP FIRM: S A & ASSOCIATES
Dun & Bradstreet
Vodafone Group (Mobile Commerce Solutions Limited)

COSTING SERVICES OFFERED
STATUTORY COST ACCOUNTANT SERVICES:
Compulsory
1. COST AUDIT
2. COST COMPLIANCE CERTIFICATES
3. INTERNAL AUDIT (General Operations or Production Specific)
4. Preparation and guidance for COST RECORDS required under law
5. COST ACCOUNTING STANDARD – 4 Certificate for Captive Consumption
6. XBRL Services for Cost Audit and Cost Compliance
Others
1. Fire Claims: Surveyor and Loss Assessor for loss of profit, fire, cash in transit, theft, fidelity etc. insurance claims.
2. Assessable Value Determination under Central Excise Act’ 1944
3. Determination of Equalized Freight and VAT for approval of Price List etc
4. Profits earned by the entities from export business, new industrial undertaking etc. for Income Tax
5. Antidumping Cases

COST CONSULTANCY SERVICES:
1. COSTING OF PRODUCTS of Existing or Proposed Production Facility especially having multiple products Depending on the purpose of costing, methods of costing could be Activity Based Costing, Absorption Costing, Marginal Costing, Target Costing, Standard Costing and Life Cycle Costing.
2. VARIANCE ANALYSIS: Comparison of Absorption Costing based on Actual data with Standard Costing of the company. Check reasons for variation between the two.
3. COSTING SYSTEM – INSTALLATION, IMPLEMENTATION AND FOLLOW UPS. Costing system is designed with minimum possible intervention in existing system of accounting in the organization.
4. MATERIAL FLOW COST ACCOUNTING – Real time inventory reporting system is evolved along with special focus on wastage accounting.
5. VALUATION OF STOCK for Reporting under Financial Statements
6. Buy or Make Services / Job Work vs. Self-Production
7. PRICING DECISIONS under multiple product scenarios.
8. Suggest areas of COST CONTROL AND REDUCTION.
9. Cost Determination for Cost plus Method of Transfer Pricing
10. Designing XLS Template for Price Quotation
11. Product Mix - Review and Ascertain Best Product Mix
12. Identifying Optimum Level of Inventories by implementing techniques such as Economic Order Quantity etc.
13. Asset Efficiency, Replacement Analysis

OTHER PROFESSIONAL SERVICES:
1. Budgeting and Budgetary Controls with special focus on profit management.
2. Stock / Asset Audit – Physical Verification
3. Process Review, Analyze and Improvement and Automation of Existing Processes wherever possible
4. Preparing Standard Operating Procedures
5. Develop tailor-made MIS for Best Decision Making
6. Risk Analysis, Quantification and Mitigation
7. Space Utilization in Warehouse

INSOLVENCY RELATED SERVICES:
1. CIRP
2. Claim Verification
3. Liquidation
4. Asset Sale
5. Resolution Plan
6. Other Miscellaneous Tasks relating to IBC
7. Legal
8. HR & Networking with Fellow Professionals
9. Compliance and Accounting

OUR ASSOCIATES
To deal with the complexity of CIRP / Liquidation, we have a team of close associates in different domains including Lawyers, Valuers, CA, CS, Bankers, etc. who understand the nuances of CIRP/Liquidation Process:
• Narendra Jain, Advocate, Founder of NJ Associates, 16+ Years of Experience. He has a team of 8 People. Expert in Handling complicated litigations with experience of the 2G Trials and Banning of PFI under the UAPA with S.V. Raju who is the Asst. Solicitor General of India, Supreme Court of India.
• Manish Borad, (FCA, CS), with over 13 years of experience. His journey includes 2.5 Years of rich experience of ICICI Bank's Global Credit Risk department. The firm excels in Auditing, Taxation, Project Finance, Accounting, TDS, GST etc.
• Manoj Badheka, a seasoned Banking Professional with 44 years of expertise. With 15 years in Consultancy and 17 years in Commercial Banking, he's held pivotal roles at GSFS (Sr. VP) and GSFS Capital (Director). His government and finance ties grant him unique industry insights. Specializing in financial engineering, loan syndication, private equity, and public issues, he boasts a remarkable record of Rs. 4500 million in syndicated bank loans.
• Bharat Tank (CS, LLM) has 15 years of rich experience in all Company related compliances from the Companies Act to SEBI, Stock Exchanges, FEMA, etc. Notably, he has done significant work as a debt RECOVERY AGENT and ENFORCEMENT AGENT. For this, associated with more than 15 financial institutions like Union Bank, Canara Bank, Yes Bank, IFCI, etc. to name a few, and many ARCs and private bodies.
• Hiten Prajapati, BE(E&C), MBA- Fin & CFA, is an IBBI Registered Valuer for asset class Plant & Machinery and Securities or Financial Assets. He has an experience of preparing valuation reports for more than 200 companies.