69 Annual Report 2014
Transcription
69 Annual Report 2014
AIPMA 70 YEARS 7 0 TH O N 1945 to 2015 JUB I CT ILEE FUN th 69 Annual Report 2014 - 2015 3 rd 6 nd th 22 - 25 February, 2016 | Expo Center Sharjah, UAE 10 International Plastics Exhibition & Conference Where the future of plastic is... 19th - 23rd January, 2017 | Mumbai, INDIA 11 INDIA 2019 International Plastics Exhibition & Conference Where the future of plastic is... 28th February - 4th March, 2019 | Delhi, INDIA THE ALL INDIA PLASTICS MANUFACTURERS’ ASSOCIATION AIPMA HOUSE, A-52, Road No. 1, M.I.D.C. Opp. Marol Depot, Andheri (East), Mumbai - 400 093 Tele.: 022 6777 8899 (50 Lines) Fax : 022 2821 6390 Email : office@aipma.net Website : www.aipma.net THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION AIPMA House, A-52, Road No. 1, M.I.D.C., Marol, Andheri (E), Mumbai- 400 093, India PHONE: 91-22-67778899 / 28217324 / 25 FAX: 91-22-2821 6390 E-MAIL: office@aipma.net WEBSITE: www.aipma.net Date: 20th August, 2015 To: All the Members of the Association NOTICE th Notice is hereby given that the 69 Annual General Meeting of the Association will be held on Tuesday the 15th September, 2015 at 3.30 pm in the Auditorium of AIPMA House at Plot No. A-52, Road No. 1, MIDC, Marol, Andheri (East), Mumbai 400 093 to consider and transact the following business: Members are requested to make it convenient to attend the meeting. AGENDA th 1. To receive and adopt the 69 Annual Report and Audited Statement of Accounts & Balance Sheet for the year ended 31st March, 2015 of the Association. (Queries on Accounts, if any, may be sent to the Secretariat in writing 7 days prior to meeting) 2. To appoint Statutory Auditors for the year 2015-16 and fix their remuneration. SPECIAL BUSINESS 3. To consider and if thought fit, to pass the following Resolutions regarding proposed Amendments in the Constitution of the Association as a Special Resolution: “RESOLVED THAT pursuant to the applicable provisions of the Companies Act, 2013 and Rules made thereunder (including any statutory modification(s) thereto or re-enactment thereof, for the time being in force), the new set of Articles of the Association of The All India Plastics Manufacturers' Association, as per explanatory notes, placed before the meeting duly initialed by the Chairman for the purpose of identification be and is hereby approved and adopted as the Articles of Association, of AIPMA in substitution for the existing Articles of Association dated 01-08-2012, “RESOLVED FURTHER that the Hon. Secretary be and is hereby authorized to take all the necessary steps to give effect immediately to this Resolution.” 4. To Declare results of the Election - 2015 - 2018 (Ordinary Business) Haren Sanghavi Hon. Secretary Annexure to Notice: i. 69th Annual Report and Accounts. ii Activities Report on DVD. iii. Explanatory Statement pursuant to Section 102 of Companies Act, 2013 Item No. 3: The present Articles of Association are required to undergo a change as the Managing Committee felt that there were many provisions which were not suited to the modern and changing times. Therefore, after due deliberations, have proposed certain amendments to the Articles of Association. The amendments proposed in the existing Articles are attached and marked as Annexure iii 69th Annual Report 2014-2015 1 Notes: 1) The meeting will commence at 3.30 pm and will be adjourned for 30 minutes in case of want of quorum and re-convened at 4.00 pm with or without quorum, at the same venue. 2) Voting through electronic means i) In terms of the provisions of Section 108 of the Companies Act, 2013 (the Act) read with Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015 (the Rules), (as amended from time to time), AIPMA is providing e-voting facility th to the members who are the members as on 7 September, 2015 (End of Day) being the “cut-off Date” fixed for the purpose, to exercise their right to vote at the 69th Annual General Meeting by electronic means through the e-voting platform provided by M/s Karvy Computershare Pvt Ltd (Karvy). Members may transact the business through voting by electronic means. ii) The e-voting period commences on Saturday 12th September, 2015 (9:00 am) and ends on Monday the 14 ,September, 2015 (5:00 pm). During the e-voting period, members of AIPMA may cast their votes electronically. The e-voting module shall be disabled by Karvy for voting thereafter. Once the vote on a resolution is cast by the member, the member shall not be allowed to change it subsequently or cast vote again. th iii) The facility for voting, either through electronic voting system or ballot or polling paper shall also be made available at the meeting and members attending the meeting who have not already cast their vote by remote e-voting shall be able to exercise their right at the meeting. iv) The members who have cast their vote by remote e-voting prior to the meeting may also attend the meeting but shall not be entitled to cast their vote again. v) In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the Downloads section of www.evoting.karvy.com vi) If you are already registered with Karvy for e-voting then you can use your existing user ID and password/PIN for casting your vote. vii) You can also update your mobile number and e-mail id in the user profile details of the folio which may be used for sending future communication(s). 3. Voting at AGM th The Members who have not casted their vote electronically can exercise their voting rights at the 69 Annual General Meeting. AIPMA will make necessary arrangements in this regard at the AGM Venue. 4. General Instructions: i) Members as on the cut-off date i.e. 7th September, 2015 shall be entitled to vote through e-voting or at the venue of the 69th Annual General meeting. Members may participate in the 69th Annual General Meeting even after exercising right to vote through e-voting as above but shall not be allowed to vote again at the meeting. ii) The Notice of 69th Annual General meeting is being sent (by email where email ID is available and in physical in other cases) to the members of the AIPMA as on 20th August, 2015. User ID and password for e-voting is sent by the email where available and where not available in physical form by M/s. Karvy. Members whose name is recorded in the register of members as on “Cut-off” th date only shall be entitled to avail the facility of remote e-voting or voting at the 69 Annual General Meeting, as the case may be. th th Members who become members of AIPMA or pay their membership fee after 20 August, 2015 upto 7 September, 2015 may obtain the User ID and password for e-voting by sending email intimating membership no. at evoting@karvy.com iii) The Managing Committee has appointed Mr. Ashok Doshi (Membership No. 0A1W-00603) as the Scrutinizer to scrutinize eth voting process and voting at the venue of the 69 Annual General Meeting in a fair and transparent manner, and to ascertain requisite majority. iv) The Scrutinizer will immediately after the conclusion of physical Ballot voting on 15.09.2015, will first count the votes cast and add with the votes cast through remote e-voting after unblocking the e-votes, in the presence of at least two (2) witnesses not in the employment of the Association ,and a consolidated scrutiniser's report of the total votes cast, will be given to the Chairman of 69th Annual General Meeting who shall countersign the same. v) In case two or more candidates in the same category secure equal number of votes, the successful candidates will be determined th by drawing of lot by the Chairman of 69 Annual General meeting. vi) On any dispute arising from the Election, the decision of the -Scrutiniser shall be final. th vii) The scrutinizer will submit his report to the Chairman of 69 Annual General Meeting, who shall declare the result of the voting. th th The Results shall be declared on Tuesday the 15 September,2015 during the 69 Annual General Meeting of the Association. The Results declared along with the Scrutinizer's Report shall be placed on the website of the Association www.aipma.net . The th resolution shall be deemed to be passed at the 69 Annual General Meeting of the Association scheduled to be held on Tuesday, the 15th September, 2015. 69th Annual Report 2014-2015 2 Instructions and other information relating to remote-voting provided by M/s. Karvy are as under: 1. A. In case a member receives an email from Karvy [for Members whose email IDs are registered with the Association]: i. Launch internet browser by typing the URL: https://evoting.karvy.com ii. Enter the login credentials (i.e. User ID and password mentioned overleaf). Your Membership No. will be your User ID. If required, please visit https”//evoting.karvy.com or contact toll free number 1-800-3454-001 for your password. iii. After entering these details appropriately, click on “LOGIN”. iv. On successful login, the system will prompt you to select the E-Voting Event Number for The All India Plastics Manufacturers' Association (AIPMA) v. On the voting page tick mark against the appropriate Box Yes / No □. In case you do not cast your vote by not tick marking against any of the boxes, and submit/register your vote, the same will be considered as your abstaining from voting. vi. Members holding multiple membership will necessarily have to cast the votes separately for each of the memberships / UserID. vii. Wherever there are more than 1 item on the Agenda, voting has to be done for each item of the Notice separately. In case you do not desire to cast your vote on any specific item it will be treated as abstained except in the case of election of members as stated in viii below viii. In case of election of members each voter shall be entitled to as many votes as there are vacancies to be filled in by election in all categories, not less not more. He can cast only one vote to any one candidate. He has to cast all the votes in a particular category as there are vacancies in that category. The ballot paper / 'e' voting will be invalid if the voter cast less or more votes.. B. ix. You may then cast your vote by selecting an appropriate option and click on “Submit”. x. A confirmation box will be displayed. Click “OK” to confirm else “CANCEL” to modify. Once you confirm, you will not be allowed to modify your vote. During the voting period, Members can login any number of times till they have voted on the candidate and/or Resolution(s). In case a Member receives physical copy of the 69th Annual General Meeting Notice by Post [for Members whose email IDs are not registered with the Association]: i. User ID and initial password as provided overleaf. ii. Please follow all steps from Sr.No.(i) to (ix) as mentioned in (A) above, to cast your vote. 2. Once the vote on a Candidate and/or Resolution is cast by a Member, the Member shall not be allowed to change it subsequently. 3. The facility for voting through paper voting system shall be made available at the 69th Annual General Meeting (the “meeting”) and the members attending the Meeting who have not cast their vote by remote e-voting shall be able to vote at the Meeting through paper voting system. 4. The members who have cast their vote by remote e-voting may also attend the Meeting but shall not be entitled to cast their vote again. 5. The Managing Committee of AIPMA has appointed Shri Ashok Doshi (Membership No. 0A1W-00603) as a Scrutinizer to scrutinize the e-voting process in a fair and transparent manner and he has communicated his willingness to be appointed and will be available for the said purpose. 6. A person whose name is recorded in the register of members and pay their membership fee after 20th August, 2015 upto 7th September, 2015 only shall be entitled to avail the facility of remote e-voting. 7. Any person who becomes a member of the Association after dispatch of the Notice of the Meeting and prior to the cut-off date i.e 20th July, 2015, may obtain the User ID and password in the manner as mentioned below: i. If the mobile number of the member is registered against Membership No., the member may send SMS<space> E-voting ii. If e-mail address or mobile number of the member is registered against Membership No., then only the home page of https://evoting.karvy.com, the member may click “Forgot Password” and enter Membership No. and PAN to generate password. iii. Member may call Karvy's toll free number 1-800-3454-001 iv. Member may send an email request to evoting@karvy.com a. Event Number + Membership No. to XXXXXXXX 8. Subject to receipt of requisite number of votes, the Resolutions shall be deemed to be passed on the date of the Meeting i.e September,15, 2015. 9. In case of any query pertaining to e-voting, please visit help and FAQ's section available at Karvy's website https://evoting.karvy.com. 10. The Scrutinizer, after scrutinizing the votes cast at the Meeting and through remote e-voting, make a consolidated scrutinizer's report and submit the same to the Chairman. The results declared along with the consolidated scrutinizer's report shall be placed on the website of the Association i.e www.aipma.net. 69th Annual Report 2014-2015 3 Leading Manufacturer of Plastic Auxiliary Equipment All Process All Market Material Storage | Conveying | Drying | Blending | Heat Transfer | Granulation Wide range of equipment manufactured with world class technology from The Conair Group USA, we deliver customized solutions that will lead our Dot media 09426051465 customers on Pathways to Profitability! Ahmedabad | Bangalore | Bhopal | Chandigarh | Chennai | Coimbatore | Daman | Guwahati | Haridwar | Hyderabad | Jaipur | Kolkata | Mumbai | Nasik | New Delhi | Pune Nu‐Vu Conair Pvt. Ltd. +91 9377483203 | +91 9377067620 Plot No. 147 & 148, Devraj Industrial Park, Piplaj-Pirana Road, +91 9377483205 | +91 79 2909 4790 Piplaj, Ahmedabad - 382 405, Gujarat, INDIA. marketingindia@conairgroup.com | www.conairgroup.com/india 4 PRESIDENT'S MESSAGE Working to Zero Defects fact AIPMA created larger awareness campaigns condemning all such media report as baseless and improper knowledge, making the facts known to the regulatory bodies as well. AIPMA also met the dignitaries at the respective Ministry Department of Chemicals and Petrochemicals. Dear Friends, Time flies! And one wonders, how quickly? It was as if just yesterday, I had had those goose bumps for being nominated as the President and nine months have passed. I would like to mention that during this time, with the support of everyone around, AIPMA carried its task fruitfully. We have initiated various proposals for the overall growth of the Industry. AIPMA made it presence felt all over. Be it International Trade Fairs or the strategic representation to the ministries for safeguarding the domestic industry. AIPMA was always candid in its efforts. This year PlastIndia 2015 was scheduled during 5- 10 February, at the Mahatma Mandir Convention Centre, at Gandhinagar, Gujarat. AIPMA participated in the 9th edition of PlastIndia 2015 with its full strength and worked very closely to make the exhibition a grand success. The result was obvious. The exhibition witnessed around 1400 Exhibitors from 40 countries across the globe participating at Plastindia this year. Along with Plastindia 2015 concurrent events were organized as well. Taking a leaf out of Prime Ministers' initiatives of the Zero defect policy, AIPMA suggested the authorities to extend the ambit of Technological-Up-Gradation Fund (TUF) to industries in the Plastics sector as well. For this will definitely act as a morale booster to the Industry and bring out the best of technological advances, in a way, complying with the Zero Defect Product modules. AIPMA celebrated its 70th year Jubilee celebration at PlastIndia 2015, with a focus on development and overall growth of the Indian Plastic industry, at Ahmedabad. The function was attended by nearly 1500 individuals from the industry. The evening was a special one with the Who's who of the plastic Industry making it for the celebration & a wonderful event. AIPMA also participated at the ChinaPlas 2015 held during 20-23 May. AIPMA made it’s presence felt with a bigger Indian Pavilion. In its endeavor to protect the domestic industry, AIPMA stood firmly in the case of initiation of anti-dumping investigations concerning import of Plastic Processing Machines or Injection Moulding machines from China Taipei, Philippines, Malaysia and Vietnam in October'14. AIPMA made its observation that the Indian government should adopt a logical and reasonable attitude to safeguard the domestic industry along with various advances in upgrading technology and encouraging more foreign investment in the country. AIPMA has always been responsible towards the society. Taking the onus of adhering to the 'Swachha Bharat' initiative started by the Prime Minister, AIPMA designed strategies with a major thrust on Recycling and solid waste Disposable. This also included addressing the AIPMA also played a crucial role in the case of National Green Tribunal (NGT) wherein National Green Tribunal wants curbs imposed on plastic packaging. AIPMA pursued this cause vividly and it was due to all its cumulative approach, DCPC has now been made a party to the NGT case. It so happened while taking the immediate note of reports in media regarding the use of Plastic bottles for medicines and syrups. As a matter of issues of Anti Dumping. AIPMA has recently met the government conveying anguish towards the dumping of Chinese goods in India. AIPMA has suggested corrective measures, also proposing to 69th Annual Report 2014-2015 5 change. levy Anti Dumping charges for safeguarding the domestic Plastics Industry. AIPMA is also considering redevelopment of AIPMA House to incorporate the changes as well. The new proposed AIPMA House will have more space to accommodate with dedicated sections on Skill Development, Knowledge Centre and Testing Laboratories.. Moreover, I would like to inform everyone that considering AIPMA's suggestion on the Plastic Waste management Rules–2015, the Ministry of Environment and Forest, Government of India, for the first time has constituted a Working Group to finalize the Draft Solid Waste &Plastic Waste Management Rules, 2015. It's an achievement for AIPMA. This was all possible due to the dedicated efforts from everyone at AIPMA. AIPMA is driving various programs which include cluster development, easy financing, job fairs for employment, manpower training, entrepreneurship development, business trade fairs, to fulfill the expectations of Indian plastic industry. Coming to business, after reporting an 11.6 per cent rise in 2013-14, growth in sales of plastic products industry is expected to have slowed down to 5.4 per cent in 2014-15. Nevertheless, we expect an improvement on the sales front in the financial year 2015-16. Growth in demand for plastic products is likely to gain momentum during the year. As a matter of fact, Job fair has become a regular one. The latest Job fair was recently held in June 2015 in Mumbai and Delhi. I am of the opinion that we need to take a sectoral approach i.e to impart training to workforce needed in Plastic Processing sector, thereby preparing the New Generation workforce equipped with latest technology. Team AIPMA is already aware of this huge challenge and is gearing up to establish a modern Skill development and a Design center at AIPMA House. India's growth forecasts remain at 7.8% for this fiscal year and 8.2% for next, supported by a healthy monsoon and new investment and assuming concrete progress on reform. Resultantly, we believe the industry to post a healthy 8.6 per cent rise in sales during the year under review. AIPMA has already written to the authorities to help assist in overcoming the so called dent, by extending some policy benefits. All this will happen and we are sure that Indian Plastic Industry will excel in days to come. Thanks once again. The All India Plastics Manufacturers' Association (AIPMA) has also figured out plans to promote use of plastic in a big way in order to help in attaining various goals set up by the Government of India for socio-economic Rituraj Gupta 69th Annual Report 2014-2015 6 Event Endorsed & Supported by : Global Opportunities Glorious Future BOOK YOUR STAND NOW Silver Sponsor 22 - 25 FEBRUARY 2016 State Partner A DEDICATED THEME PAVILIONS A dedicated theme pavilion for Flexible packaging segment The GCC packaging market is one of the fastest growing sectors in the manufacturing industry in the midddle east.Over the last decade manufacturers have seen the benefit of bulk import & repackaging from the GCC given the tax-free, cheaper manufacturing costs and re-export advantage. The GCC is now the largest re-export market for food & Beverages, pharamaceuticals and consumer goods leading to a boomimg packaging market. The flexible packaging industry itself is to be valued at US$ 900 million, growing at about 20 per cent annually. SPECIAL FOCUS PROCESSING, FILLING & PACKAGING International Trade Fair for Moldmaking and Tooling, Design and Application Development A dedicated pavilion for processed Plastics Finished Products Massive display of finished products in segments like Disposable Tableware, Kitchenware, Household Articles, Automobile & etc. Plastivision Arabia 2016 will be held along with Arabia Mold Arabia Mold will provide an ideal opportunity for the regional dies and molds industry to upgrade its know-how and keep pace with the latest developments in this segments. Our Supporters: Media Partner The All India Plastics Manufacturers' Association AIPMA House, A-52, Road No. 1, M.I.D.C. Marol, Andheri (East), Mumbai - 400 093 Tel.: +91 22 6777 8899 (50 Lines) Direct Ext.: 850 Fax: +91 22 28216390 E-mail: sales@plastivisionarabia.org Website: www.plastivisionarabia.org 7 Launching the Event Endorsed & Supported by: 10 th EDITION Supported by: BIGGER BETTER BROADER International Plastics Exhibition & Conference Where the future of plastic is... “Limited Space Available” Book your space online at www.plastivision.org Key Highlights 1500 Exhibitors. 90,000 sq. mtrs. area. Participation of 25+ Countries 1,25,000 Business generated worth Rs. 1500 crores in PVI 2013. Business Visitors. 50% rise in the footfall compared to the Live Demonstration of Machines and previous exhibition. Moulds for Packaging and Printing Product. 25% rise in exhibitors participation. Emerged as one of the top 10 global Visitors & Buyers expected from over 45 Plastics Exhibition. countries. Organized by: THE ALL INDIA PLASTICS MANUFACTURERS’ ASSOCIATION AIPMA House, A-52, Street No. 1, MIDC, Marol, Andheri (E), Mumbai - 400 093, INDIA Tel.: +91 22 2827 1678 / 79 / 6777 8899 (50 lines) • Fax : +91 22 2825 2295 E-mail: sales@plastivision.org • Website : www.plastivision.org 8 Glimpse of 68th Annual General Meeting held on 18 September, 2014 at AIPMA House, Mumbai 400 093 th 69th Annual Report 2014-2015 9 10 AIPMA OFFICE BEARERS 2014-2015 MR. RITURAJ GUPTA President MR. SANJU D. DESAI VP - West Zone MR. R. K. AGGARWAL VP - North Zone MR. MEELA JAYADEV VP - South Zone MR. ASHOK AGARWAL VP - East Zone MR. HAREN SANGHAVI MR. MAYHUR D. SHAH Hon. Secretary Hon. Secretary MR. MANOJDESHLAHRA SHAH MR. MAHENDRA Hon. Secretary Hon.Jt.Treasurer 69th Annual Report 2014-2015 11 MR. MANISH JAGAT KILLAWALA MR. DEDHIA Hon.Secretary Treasurer Jt. Hon. 12 MANAGING COMMITTEE MEMBERS FOR THE YEAR 2014-2015 OFFICE BEARERS Sl. No. 1. NAME MR. RITURAJ GUPTA PRESIDENT COMPANY NAME & ADDRESS TIRUPATI FLEXOPACK (P) LTD. C-6, PRASAD SHOPPING CENTRE, OPP. RAILWAY STATION, GOREGAON (W), MUMBAI - 400 062 OFFICE 02228758927 28762586 TELEPHONE NO. RES. FACT 02602242959 02232410887 FAX 02228757602 EMAIL : tripack@vsnl.com/ rituraj1961@yahoo.com MOBILE : 98203 21382 2. 3. MR.ASHOK AGARWAL VICE PRESIDENT (EAST ZONE) MR. SANJU D. DESAI VICE PRESIDENT (WEST ZONE) JEWEL PLASTICS PVT. LTD. 32, EZRA STREET, TODI CORNER, ROOM NO.351, 3RD FLOOR, KOLKATA - 700 001 JYOTI PLASTICS WORKS PVT. LTD. 94, BOMBAY TALKIES COMPOUND, MALAD (WEST) MUMBAI - 400 064 03322350269 22350479 03324030444 24033735 - 03322350269 02226183960 - EMAIL : ashoke22@hotmail.com MOBILE : 98310 77225 02228823241 28823242 - EMAIL : sanju@jyotimail.com MOBILE : 98200 20646 4. MR. R. K. AGGARWAL VICE PRESIDENT (NORTH ZONE) PRAYAG POLY TECH PVT. LTD. 1106-07, VIKRAM TOWER, 16 RAJENDRA PLACE, NEW DELHI - 110 008 01147262000 - 01242580564 01147262020 EMAIL : a.raviprayag@gmail.com MOBILE : 98101 15711 5. 6. 7. 8. MR. MEELA JAYADEV VICE PRESIDENT (SOUTH ZONE) MR. HAREN SANGHAVI HON. SECRETARY MR. MANOJ R. SHAH HON. JT. SECRETARY MR. JAGAT KILLAWALA HON. TREASURER SUDHAKAR PVC PRODUCTS PVT. LTD. 301, 3RD FLOOR, RAMCHANDER HOUSE, BEHIND KHAN LATEEFKHAN ESTATE, CHAPEL ROAD, 04023240382 23240383 - 04027750193 ABIDS, HYDERABAD - 500 001 EMAIL : jayadev@sudhakarpipes.com MOBILE : 98480 53795 SATELLITE PLASTIC INDUSTRIES, 2-A2, COURT CHAMBERS, 35 NEW MARINE LINES ABOVE AXIS BANK ATM, MUMBAI - 400 020 02222006477 66346816 R.P. SHAH & SONS C-156, ANTOPHILL WAREHOUSING COMPLEX LTD., VIDHYA ALANKAR COLLEGE ROAD, WADALA (EAST), MUMBAI - 400 037 SHRI KRISHNASHRAY (I) PVT. LTD. 15 M LAXMI INDUSTRIAL ESTATE, ANDHERI LINK ROAD, ANDHERI (W), MUMBAI - 400 053 02506526383 02222815417 02222006556 EMAIL : haren.sanghavi@gmail.com MOBILE : 92233 36758 02224163331 24163304 - 02226118215 26177941 02224163304 EMAIL : manojshah@rpshah.net MOBILE : 98200 27718 02242377777 26318080 02602669395 02226189990 EMAIL : md@shrikrishnashray.com MOBILE : 98924 99999 / 98215 99999 69th Annual Report 2014-2015 13 04023240180 02226318080 9. MR. ANANDILAL J. OZA IMMEDIATE PAST PRESIDENT VINPLAST INDUSTRIES A/19, VALMIK SADAN RANI SATI MARG, MALAD (EAST), MUMBAI - 400 097 02228776578 02228897505 02228773263 02228773263 EMAIL : oza_vinplast@yahoo.co.in MOBILE : 98205 80900 COMMITTEE MEMBERS 10. MR. AJAY U. DESAI - PLASTO CRAFT 3-A, SAAHIL, 14 ALTAMOUNT ROAD, MUMBAI - 400 026 - 02223535585 02223535585 EMAIL : plastocraft@gmail.com MOBILE : 93240 96428 11. MR. AKHILESH BHARGAVA AVI GLOBAL PLAST PVT. LTD. 49, MAROL CO-OP. INDUSTRIAL ESTATE, M.V.ROAD, ANDHERI (EAST), MUMBAI - 400 059 02239559393 - 02226463823 02239559327 EMAIL : akhilesh@avigloplast.com MOBILE : 98200 52923 12. MR. ANIL KUMAR BANSAL 044044PONDY OXIDES & CHEMICALS LTD., 42965454/56 26630176 KRM CENTRE, 4TH FLOOR, NO.2, HARRINGTON ROAD, CHETPET, CHENNAI - 600 031 TAMIL NADU EMAIL : pondyoxides@yahoo.com MOBILE : 98842 22606 13. MR. ANIL KANUGA RUKMA PLASTICS #305, 306, BRIGADE LINKS, NO. 54, 1ST MAIN ROAD, SHESHADRIPURAM (OPP. SHESHADRIPURAM LAW COLLAGE) BANGALORE - 560 025 14. 15. 16. 17. MR. ARUN KUMBHOJKAR MR. ARVIND M. MEHTA DR. ASUTOSH K. GOR MR.BIPIN B. DESAI KUMBHOJKAR PLASTIC MOULDERS 129, NARAYAN PETH SITAPHALBAUG COLONY NEAR MATI GANPATI PUNE - 411 030 WELSET PLAST EXTRUSIONS PVT. LTD. 8, METALAGE INDUSTRIAL COMPOUND SUBHASH ROAD, OFF.CAVES ROAD, JOGESHWARI (EAST) MUMBAI - 400 060 ZENITH CORPORATION 1401, ATRI TOWER, SAPTARISHI PARK, SWAPNA NAGARI, MULUND (WEST), MUMBAI - 400 080 PALI POLYMERS F-41, NANDDHAM INDUSTRIAL ESTATE, MAROL MAROSHI ROAD, ANDHERI (E), MUMBAI - 400 059 08023123255 08023369368 08023124483 02024274633 02024480544 EMAIL : anil@nkagencies.in MOBILE : 98450 20450 02024450055 24450060 02024265593 EMAIL : arun@kumbhojkarplastics.com MOBILE : 98220 27721 02228215734 02228387054 28388320 02226712891 02228381088 EMAIL : arvindmehta@welset.com MOBILE : 98201 26561 02225683040 - 02265739733 02225683040 EMAIL : anupamenter@hotmail.com MOBILE : 93238 00462 02229205413 29206305 02228595413 28596305 EMAIL : ptfepali@gmail.com MOBILE : 98200 48561 69th Annual Report 2014-2015 14 08023125902 04442965455 - 02229201132 18. 19. 20. 21. 22. MR. CHANDRAKANT TURAKHIA (BHURABHAI) MR. HARISH D. DHARAMSI MR.HEMANT N. MEHTA MR. HITEN BHEDA MR.JAYESH K. RAMBHIA LUCKY INDUSTRIES (INDIA) PVT. LTD. 36-A, NANDKISHORE INDUSTRIAL ESTATE, MAHAKALI ROAD, NEAR PAPER BOX, ANDHERI (E), MUMBAI - 400 093 ARYAVART CHEMICALS PVT. LTD. 801, VASHI INFOTECH PARK, PLOT NO. 16, NR RAGHU LEELA MALL, SECTOR - 30 A, VASHI - 400 703 RUPAL PLASTICS PVT. LTD. NEELKANTH COMMERCIAL CENTER OFFICE UNIT NO. 307 TO 310, SAHAR ROAD, ANDHERI (E), OPP. JAISINGH BUSINESS CENTRE, MUMBAI - 400099 VINIT PERFORMANCE POLYMERS P. LTD. 224/225, GOKUL ARCADE 'A', SUBHASH ROAD, VILE PARLE (E), MUMBAI - 400 057 PREMSONS PLASTICS PVT. LTD. 221, A TO Z INDUSTRIAL EST, G.K. MARG, LOWER PAREL MUMBAI - 400 013 02266926186 66926187 - - 02226874775 EMAIL : luckyvisionin@yahoo.com MOBILE : 98210 23333 02227812638 - - 02227812659 - 02228216908 EMAIL : dharamsi@aryavart.net MOBILE : 93240 12888 02228347417 42556000 - EMAIL : hemant@rupalplastics.com MOBILE : 98200 50740 02228204120 / 4247 / 4248 02227780251 02226105509 02228204039 EMAIL : mail@polymatindia.net MOBILE : 98210 86385 02224942893 24937986 02224937986 - 02224931187 02228415151 02222881155 EMAIL : jayesh@premsons.biz MOBILE : 98202 14136 23. 24. 25. MR. KAILASH B. MURARKA BLOW PACK 807, RAHEJA CENTRE, 214, FREE PRESS JOURNAL MARG,NARIMAN POINT, MUMBAI - 400 021 MR. KISHORE P. SAMPAT MR. LALIT KUMAR SINGH POLYTHENE INDUSTRIES 615, SHIVAI PLAZA, MAROL CO-OP. INDUSTRIAL ESTATE, MAROL, ANDHERI (E), MUMBAI - 400 059 FIXOPAN MACHINES PVT. LTD. S-35, GREATER KAILASH PART-1, NEW DELHI, DELHI - 110 048 02222881818 22881152 02602243688 EMAIL : kmurarka@hotmail.com MOBILE : 98212 15151 / 93222 59160 02232096314 - 02227800373 - - 91-1292237672 EMAIL : polybag@live.com MOBILE : 98201 67123 01129230522 - EMAIL : directors@fixopanglobal.com MOBILE : 98107 43152 26. DR. MAHENDRA B. PARMAR POLYBLEND MASTERBATCH TECHNIK 212, ASHIRWAD INDL. ESTATE NO.4,RAM MANDIR X ROAD GOREGAON (WEST) MUMBAI - 400 104. 02242465200 02226365401 EMAIL : mbparmar@polyblendmbt.com MOBILE : 93237 33925 / 98216 01932 69th Annual Report 2014-2015 15 02603244593 02242465202 42465203 27. 28. 29. 30. 31. 32. 33. 34. MR. MAHENDRA DESHLAHRA MR. MANISH DEDHIA MR. MAYHUR D. SHAH MR. MOHAN K. JAIN MR. MUKESH J. SHAH MR. RAJA M. SHAH MR.RAJU D. DESAI MR. SUBHASH CHATURVEDI VIVEK ELECTRO PLAST PVT. LTD. PLOT NO.564/B, MMAA HOUSE, WALBHAT ROAD, GOREGAON (EAST) MUMBAI - 400 063 MITSU IMPEX, 329, GALA COMPLEX, DIN DAYAL UPADHYAY MARG, MULUND (WEST), MUMBAI - 400 080 RAVIKIRAN CHEMICALS PVT. LTD. 2-A, VRINDAVAN RAMCHANDRA LANE, MALAD (WEST) MUMBAI - 400 064 INDO PLAST SQUARE 1, 1ST FLOOR GULMOHAR ROAD, JVPD SCHEME, NEAR PITAMBARI, MUMBAI - 400 049 02266994383 02228761454 02266994393 EMAIL : vepl2007@yahoo.co.in MOBILE : 98201 42826 / 98193 50507 02225920055 952525278361 02223535585 02225920077 EMAIL : manish@mitsuchem.com MOBILE : 98211 59435 02228820422 28820559 - 02228661687 02228895594 EMAIL : devotion@bom5.vsnl.net.in MOBILE : 98210 69192 02226718800 67259890 - 02226718305 26718306 02267259892 EMAIL : mohanj48@gmail.com MOBILE : 98205 16027 02226878294 26878274 K. P. PLASTICS A-4/302, KHAJURIA NAGAR, KHAJURIA TANK ROAD, OPP MILAP TALKIES, KANDIVALI WEST, MUMBAI - 400 067 - 02502453307 - 02228070044/45 EMAIL : kpplastics1989@gmail.com MOBILE : 98200 45312 SIDDHARTH CONSULTANCY SERVICES C/101, SATGURU BEHIND MOTHER'S BAKERY TUREL PAKHADI ROAD, MALAD (WEST), MUMBAI - 400 064 INTERCONTINENTAL POLYMER PVT. LTD. 101, ADVENT ATRIA, CHINCHOLI BUNDER ROAD, MALAD (WEST), MUMBAI - 400 064 R.S. ENTERPRISES, 31, 4th FLOOR, DAWA BAZAR 13-14, R.N.T. MARG, INDORE - 452 001 02228800838 - 02228800838 - EMAIL : siddharth_814@hotmail.com / rajam27@hotmail.com MOBILE : 98331 16051 02228886767 28886768 - 02226238455 26703135 - 07312555766 07312704688 EMAIL : raju@jyotimail.com MOBILE : 98201 81728 07314070078 2704873 - EMAIL : subhashcchaturvedi@gmail.com MOBILE : 093021 01021 35. MR. SUNIL J SHAH PRECIOUS PRODUCTS (INDIA) LTD. ROOM NO.11, GROUND FLOOR, ANANDI VILLA 12, LAJPATRAI ROAD, VILE PARLE (W), MUMBAI - 400 056 02226122591 / 92 / 93 - EMAIL : sunilshah@preciousplasto.com MOBILE : 98676 96505 69th Annual Report 2014-2015 16 - 02226122594 36. 37. 38. 39. MR. V. ANIL REDDY MR. VIJAY MISHRA MR.VINAY C. NANDWANA MR.VINOD V. PODAR NAYASTRAP PVT. LTD. 11-5-415/A/7, 2ND FLOOR, BEHIND PRAGATI ART PRINTERS, RED HILLS, HYDERABAD - 500 004 YASH ENGINEERING WORKS 32, SUPREME IND. ESTATE, AIRPORT ROAD, BHIMPORE, UNION TERRITORY OF DIU & DAMAN, DAMAN - 396 210 040-23392555 23391701 - - 04023328560 - 91-2602220571 EMAIL : nayastrap@yahoo.co.in MOBILE : 09849166395 91-2602221171 - EMAIL : vewyash2000@yahoo.com MOBILE : 93770 21041 PIMCO MACHINES PVT. LTD. A-28, NAND-DHAM ESTATE, MAROL MAROSHI ROAD, MAROL, ANDHERI (EAST) MUMBAI - 400 059 02229257175 / 76 / 77 SHAKTI PLASTIC INDUSTRIES SEKSARIA INDUSTRIAL ESTATE, S.V. ROAD, CHINCHOLI, MALAD (WEST), MUMBAI - 400 064 02228725946 65705159 02226783452 26788142 - 02229200351 26781320 02228741488 02228721734 EMAIL : sales@pimcomachine.in MOBILE : 98203 24007 02525237238 EMAIL : info@shaktiplasticinds.com MOBILE : 98200 30371 40. MR. YOGESH P. SHAH ASHWIN PLASTIC INDUSTRIES 209, ARK INDUSTRIAL ESTATE MAKWANA ROAD MAROL, ANDHERI (EAST), MUMBAI - 400 059 02228565414 02224035558 EMAIL : yaps1960@hotmail.com MOBILE : 93210 35558 / 98700 35558 69th Annual Report 2014-2015 17 02228501856 02228501856 CO-OPTED MEMBERS 41. 42. MR. BHOGILAL GANDHI MR. RAJIV TOLAT GANDHI INDUSTRIES 27/11, SWASTIK SOCIETY N.S.ROAD - 2 JUHU SCHEME, VILE PARLE (W), MUMBAI - 400 056 RAJKAMAL ENTERPRISES 24, SHEEL NEEL SHEEL CO-OP. SOC., OLD POLICE STATION ROAD, VILE PARLE (W), MUMBAI - 400 056 02226145139 - - 02226145139 EMAIL : bhogibhaigandhi@gmail.com MOBILE : 93222 70046 02266754770 - - 02226763548 EMAIL : saiplastics@rediffmail.com MOBILE : 98695 77299 43. MR. MAYUR K SHAH KANKU ENTERPRISES 4, SAGAR, 72/5, V. P. ROAD, ANDHERI (W), MUMBAI - 400058 02226873144 26873682 - - 02226872336 EMAIL : kankuenterprises@hotmail.com MOBILE : 98200 51318 44. 45. 46. MR. ASHOK MUKHERJEE MR. K. I. NAJEEB MR. HARESH GANDHI TAINWALA CHEMICALS & PLASTICS (I) LTD. TAINWALA HOUSE, ROAD NO.18, MIDC, ANDHERI (EAST),MUMBAI 400 093 02267166100 (100 lines) KERALA PLASTICS MANUFACTURER'S ASSOCIATION, 2ND FLOOR, VEEKAY TOWER, BEERANKUNJU ROAD, ERNAKULAM NORTH, KOCHI, KERALA - 682018 04842354115 SAURASHTRA PLASTICS MANUFACTURERS ASSOCIATION, JIMMI TOWER, 7TH FLOOR, OFFICE NO.1,2 & 3, OPP. GURUKUL, GONDAL ROAD, RAJKOT – 360002 (GUJARAT) - 02228387039 EMAIL : ashok_tainwala@yahoo.com MOBILE : 98200 16391 - - 04842540316/ 2542348 EMAIL : hanapolymers@yahoo.com MOBILE : 09447061132 02812228802 - EMAIL : info@spma.org.in MOBILE : 098252 20239 69th Annual Report 2014-2015 18 - - - SPECIAL INVITEES 47. 48. 49. 50. 51. MR. HARPAL SINGH DR. S. K. NAYAK MR. HARSHAD B DESAI MR.KANTILAL P. BOSAMAYA RAMAN POLYMERS, 105 / 106, GOLDEN CHAMBERS, ANDHERI LINK ROAD, ANDHERI (W), MUMBAI - 400 053 02266939491/ 92/ 93 CENTRAL INSTITUTE OF PLASTICS ENGINEERING & TECHNOLOGY (CIPET) GOVT. OF INDIA, GUINDY CHENNAI - 600 032 TAMIL NADU 04422342371/ 2/3/4/5/6 CLEAR MIPAK PACKAGING SOLUTIONS LTD. PLOT NO.527/A, RAMLAXMI NIVAS , 16TH ROAD, KHAR (W), MUMBAI 400052 - J. FIBRE CORPORATION D-17/18, NANDANVAN INDL. ESTATE,OPP. A.C.C. CENTRE L.B.SHASTRI MARG, THANE - 400 604 MR. SUBBA BANGERA ACTIVE BIZ SOLUTIONS PVT. LTD., B-1005, EXPRESS ZONE, WESTERN EXPRESS HIGHWAY, GOREGAON (E), MUMBAI – 400 093 - - EMAIL : harpalsingh@sangeetabags.com MOBILE : 98211 30312 - - 04422347120 0222646 2647 - EMAIL : cipethq@vsnl.com MOBILE : 098410 10465 - EMAIL : harshadjayshree@hotmail.com MOBILE : 98203 20387 02225820855 02228775233 02225229988 02225823239 02228703496 - EMAIL : jfibre@vsnl.net MOBILE : 98211 64150 02240148691 - EMAIL : subba.bangera@activesolutions.co.in MOBILE : 98194 44931 With best compliments from Megaflex Plastics Ltd Poly Park, Plot No - PPD 3 Vill - Sandhipur, Po - Joynagar Dist - Howrah, West Bengal - 711 302 Phone : 033 - 6452 2440 Web: www.megaflex.in Manufacturers of PP Leno Bags 69th Annual Report 2014-2015 19 02266939490 AIPMA Announces Third 8 9 OCT 2015 10 11 MUMBAI. INDIA POWERING PROGRESS THROUGH PLASTICS A DEDICATED THEME PAVILION FOR FINISHED PRODUCTS AT INDIAPACK 2015 PARTICIPATE TO EXPLORE BUYERS FOR: CONTAINERS MULTI LAYER FILMS WOVEN SACKS / LENO BAGS CANS CAPS & CLOSURES BOPP ADHESIVE TAPE LAMINATED HDPE BAGS TWINES / SUTLI PRINTED FANCY CARRIER BAGS BOTTLES JERRY CANS / CARBOYS CRATES THIN WALL CONTAINERS SHRINK LABELS PET –BOTTLES BLISTER PACKAGING STRETCH FILM BARRIER FILM POLYTHENE BAGS / LINERS SHRINK FILMS PHARMA PACKAGING SHEETS FOILS POUCHES AIR BUBBLE FILM BOPP BAGS COLLAPSIBLE LAMI. TUBES Venue: Show Highlights Indiapack 2013 Number of Exhibitors : 126 Trade Visitors over : 10,000 Exhibition area : 7,000 sq. mt. Overseas Participation : Australia, Germany, China, Denmark, Japan, Taiwan, the Netherlands, USA Industry Association : All India Flat Tape Manufacturers Pavilions : IFIBCA Pavilion, Recycling Pavilion by Plastindia Foundation States Govt. Theme Pavilions : Bihar, Jharkhand & Karnataka Space Bookings Open BOOK YOUR SPACE NOW! STALL RENT Rs. 6500/- per sq. mt. for Bare Space Rs. 7000/- per sq. mt. for Shell Scheme World of Packaging Industry under one roof Contact : Mr. Aniket Shinde +91 - 22 - 6777 8812 Email : plastiworld@aipma.net THE ALL INDIA PLASTICS MANUFACTURERS’ ASSOCIATION AIPMA House, A-52, Road No. 1, MIDC, Marol, Andheri (East), Mumbai - 400 093. Tel.: +91- 022 - 2821 7324 / 7325 / 6777 8899 (50 Lines) / 2835 2511 / 12 Fax : +91 - 022 - 2821 6390 E-mail : plastiworld@aipma.net Website : www.aipma.net 20 REPORT BY MANAGING COMMITTEE FOR THE YEAR 2014-2015 This report covers the activities of the Association during the period September 2014 to August 2015 (Under a DVD annexed) The Managing Committee of The All India Plastics Manufacturers' Association has pleasure in presenting to the Managing Committee, a report of its deliberations and activities, representations upto August, 2015 and Statement of Audited Accounts for the year ended 31st March 2015. MEETINGS During this period under review 11 Managing Committee Meetings were held. MEMBERSHIP OF THE ASSOCIATION Towards vigorous Membership drive AIPMA tried to get more members and during the year under review 241 Indian firms and 12 Student Members were enrolled as Members of the Association & one resignation of one member due to closure of company. Zone-wise Membership position is as follows: New Members enrolled during the year (September 2014 to August 2015) THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION Active Members upto Aug. 2014 New Member Sep. 2014 - July 2015 ZONE WEST NORTH SOUTH EAST Ordinary Member 515 87 53 41 Life Member 555 55 88 20 TOTAL 696 718 Ordinary Member 133 29 64 15 241 Enrolment of Life Member seized w.e.f. 1.4.2013 MEMBERSHIP STRENGTH AS ON DATE: Ordinary Member 937 718 Life Member 1655 Total Student Member 12 Grand Total 69th Annual Report 2014-2015 21 1667 Life Member 555 55 88 20 718 22 CHAIRMEN OF VARIOUS COMMITTEES / PANELS FOR THE YEAR 2014-2015 S.No. Name of Chairman Name of the committee/panel 1 Membership Committee : Mr. Chandrakant Turakhia 2 3 Legal, Grievance & Constitution : Mr. Jagat Killawala, (Hon. Treasurer) MSME Cell : Mr. Raja M Shah 4 Plastics News (Hon. Editor) : Mr. Ajay U Desai 5 6 AIPMA Services : Mr. Harshad Desai Co-ordinator AIPMA Dahej Cluster : Mr. Yogesh Shah 7 AIPMA Education Committee : Dr. Mahendra Parmar 8 9 AIPMA Governing Council : Mr. Arvind Mehta Plastic News Editorial Board : Mr. Rituraj Gupta AIPMA Placement Cell : Mr. Kishore Sampat Plastivision Arabia – 2016 : Mr. Harish Dharamsi - Chairman 10 11 Mr. Kishore Sampat - Co-Chairman Plastiworld 2016 Mr. Harshad Desai - Chairman Delegation (PIast India 2015 & Plastivision Arabia 2016) 12 Plastivision Arabia – 2016 Advisory Board : Mr. Jayesh Rambhia 13 Plastivision India- 2017 : Mr. Kailash Murarka 14 Plastivision India - 2017 Advisory Board : Mr. Raju Desai 15 Plastivision India- 2019 : Mr. Ajay Desai 16 Plastivision India - 2019 Advisory Board : Mr. Kailash Murarka 17 AIPMA Plastic Park & Projects : Mr. Jayesh Rambhia 18 19 20 Overseas Delegation Advisor : Mr. Ajay Desai Environment Committee : Mr. Akhilesh Bhargava Recycling Committee : Mr. Vinod Podar 21 Building Committee : Advisory Committee: Mr. Bhogilal Gandhi – Convener Mr. Jagat Killawala – Executive Chairman Members: Mr. Ajay Desai Mr. Raju Desai Mr. Arvind Mehta 22 23 AIPMA Taxation & Fiscal Policies Committee : Mr. Hiten Bheda AIPMA Kayakalp Committee : Advisory: Mr. Arvind Mehta & Mr. Raju Desai Execution: Mr. Sanju Desai & his Team 24 Plastindia Foundation (Representative of AIPMA) : Mr. Jayesh Rambhia 25 AIPMA Seminar Committee : Mr. Hemant Mehta 26 Empowering Competitiveness Committee : Mr. Jayesh Rambhia th 69 Annual Report 2014-2015 : Mr. Raju Desai 23 AIPMA Representatives to Various Public Bodies and Committees FOR THE YEAR 2014-2015 1 Federation of Association of Small Industries of India. : President 2 Indian Merchants' Chamber : President + Hon. Secretary 3 CIPET : President 4 MSME : President + Hon. Secretary 5 FICCI, FIEO, ASSOCHAM : President + Hon. Secretary 6 Confederation of Indian Industry (CII) : President 7 Bureau of Indian Standards : President We Have An Exclusive Range Of Containers, Insulated Tiffins, Casseroles, Pet Jars & Bottles and Back To School Products. 69th Annual Report 2014-2015 24 STATEMENT OF ATTENDANCE OF MANAGING COMMITTEE MEMBERS 2014-2015 MEETINGS Sr. No. Name of the Member No. of Meetings Held No. of Meetings Attended Leave of Absence 1. MR. RITURAJ GUPTA 11 10 1 - 2. MR. ASHOK AGARWAL 11 6 4 1 3. MR. SANJU DESAI 11 9 2 - 4. MR. R. K. AGGARWAL 11 11 - - 5. MR. MEELA JAYADEV 11 5 6 - 6. MR. HAREN SANGHAVI 11 9 2 - 7. MR. MANOJ SHAH 11 8 3 - 8. MR. JAGAT KILLAWALA 11 7 4 - 9. MR. ANANDILAL J OZA 11 10 - 1 10. MR. AJAY U DESAI 11 9 1 1 11. MR. AKHILESH BHARGAVA 11 6 3 2 12. MR. ANIL BANSAL 11 - 7 4 13. MR. ANIL KANUGA 11 3 4 4 14. MR. ARUN S KUMBHOJKAR 11 1 8 2 15. MR. ARVIND M MEHTA 11 11 - - 16. DR. ASUTOSH GOR 11 8 3 - 17. MR. BIPIN B DESAI 11 - 7 4 18. MR. CHANDRAKANT N TURAKHIA 11 10 - 1 19. MR. HARISH D DHARAMSI 11 9 2 - 20. MR. HEMANT N MEHTA 11 8 3 - 21. MR. HITEN BHEDA 11 8 3 - 22. MR. JAYESH K RAMBHIA 11 7 2 2 23. MR. KAILASH B MURARKA 11 9 2 - 24. MR. KISHORE P SAMPAT 11 10 - 1 25. MR. LALIT K SINGH 11 3 7 1 26. DR. MAHENDRA B PARMAR 11 6 3 2 27. MR. MAHENDRA P DESHLAHRA 11 8 1 2 28. MR. MANISH DEDHIA 11 7 4 - 29. MR. MAYHUR D SHAH 11 6 3 2 30. MR. MOHAN JAIN 11 1 2 8 69th Annual Report 2014-2015 25 Absence No. of Meetings Held No. of Meetings Attended MR. MUKESH J SHAH 11 10 1 - 32. MR. RAJA M SHAH 11 6 5 - 33. MR. RAJU D DESAI 11 8 3 - 34. MR. SUBHASH CHATURVEDI 11 2 6 3 35. MR. SUNIL J SHAH 11 6 4 1 36. MR. V. ANIL REDDY 11 1 6 4 37. MR. VIJAY MISHRA (Expired) 11 - - - 38. MR. VINAY C NANDWANA 11 6 1 4 39. MR. VINOD V PODAR 11 1 1 9 40. MR. YOGESH P SHAH 11 10 - 1 41. MR. BHOGILAL GANDHI 10 9 1 - 42. MR. RAJIV TOLAT 10 7 2 1 43. MR. MAYUR K SHAH 10 5 4 1 44. MR. ASHOK MUKHERJEE 10 6 4 - 45. MR. K.I. NAJEEB 10 2 3 5 46. MR. HARESH GANDHI 10 1 6 3 Sr. No. Name of the Member 31. Leave of Absence Absence AIPMA President Mr. Rituraj Gupta elected on Board of CII National Council 2015-2016 69th Annual Report 2014-2015 26 AIPMA PAST PRESIDENTS YEAR NAME YEAR NAME 1947-48 MR. J.V. RUIA 1978 MR. S.V. KABRA 1949 MR. B.D. GARWARE 1979 MR. HARILAL L. BOOLANI 1950 MR. G. KHEMANI 1980 MR. DILIP G. PIRAMAL 1951 MR. B.A. SHAH 1981-83 MR. NIRMAL B. THAKKAR 1952 MR. B.L. PACHISIA 1984-85 MR. BHOGILAL J. GANDHI 1953 MR. R.N. DESAI 1986-88 MR. ANIL B. GORADIA 1954 DR. C.L. GUPTA 1988-91 MR. VIJAY V. MERCHANT 1955 MR. R.C. SHAH 1991-93 MR. KIRIT M. MEHTA 1956 MR. B.D. GARWARE 1993-95 MR. KEKIN J. THAKKAR 1957 MR. B.M. THAKKAR 1995-98 MR. RAJIV B. TOLAT 1958 MR. M.B. GIDWANI 1998-01 MR. ARVIND M. MEHTA 1959 MR. G.N. PARIKH 2002-03 MR.MOHAN K. JAIN (till 27.6.2003) 1960 MR. R.B. TURAKHIA 2003-04 MR.S.J. ATRE (from 27.6.2003) 1961 MR. SHADILAL JAIN 2004-05 MR. HARPAL SINGH 1962 MR. K.K. MODI 2005-06 MR. AJAY U. DESAI 1963 MR. AMBALAL KILACHAND 2006-07 MR. HARISH D. DHARAMASI 1964-66 MR. KANTIKUMAR R. PODAR 2007-08 MR. RAJU D. DESAI 1967 MR. VADILAL R. SHAH 2008-09 MR. KAILASH B. MURARKA 1968 MR. RAMAN M. PATEL 2009-10 DR. MAHENDRA B. PARMAR 1969-70 MR. J.S. ANAND 2010-11 MR. YOGESH P. SHAH 1971-72 MR. M.P. TAPARIA 2011-12 MR. JAYESH K. RAMBHIA 1973 MR. CHANDRAKANT B. GARWARE 2012-13 DR. ASUTOSH K. GOR 1974-76 MR. BALDEV L. BOOLANI 2013-14 MR. ANANDI LAL OZA 1977 MR. RAMESH M. THAKKER 2014-15 MR. RITURAJ GUPTA 69th Annual Report 2014-2015 27 28 BITZER CSH COMPACT SCREW COMPRESSOR BEST COMPRESSOR, BEST PERFORMANCE BITZER CSH Series screw compressors are used around the world by air conditioning chiller manufacturers. Selected to enhance chiller performance, BITZER CSH screw compressors offer the best reliability and service. Choose BITZER CSH screw compressor for your next chiller manufacturing project, we know you wont be disappointed. BITZER INDIA PVT.LTD. R-708/1, TTC Industrial Area, Rabale, Navi Mumbai,- 400 701, India Tel: +91 -22 27601730 Fax: +91 22 2760 5631 office@bitzer.in customercare@bitzer.in 29 USBCO Steels Private Limited Asia Engineering Supply Stores Pvt. Ltd. HOT WORK DIE STEELS AISI H-13 (ESR & EFS), H-11, H-21 & H-10 COLD WORK DIE STEELS AISI D-3, D-2, D-6, O-1, O-2, O-7, S1, S7, Chipper Knife Steel, Flame Hardening Steel, Premium Cold Work Die Steel (8% CrMo) PLASTIC MOULD STEELS 1.2311(AISI P-20), 1.2312(AISI P-20+S), 1.2738(AISI P-20+NI), Corrosion Resistant Steels for Plastic & PVC Moulds - 1.2316 & 1.2083 HIGH SPEED STEELS AISI M-2, M-3, M-4, M-15, M-35, M-42, T-1, T-4, T-5, T-42 & T-15 & Powder Metallurgy Grades RAVNE Steel Center in India for Best High Grade Tool, Die & Mould Steels Authorised Agents for RAVNE Timely delivery anywhere KOLKATA (H.O.) 73, Bentinck Street, Kolkata - 700 001 +91 33 2236 5216 / 5613 Fax : 2225 9640 sales@usbcosteels.com DELHI 18, Rama Road Indl. Area, Nazafgarh Road Opp. Indra Cold Storage, New Delhi - 110 015 +91 11 2545 8699 / 0 98113 40616 sales@usbcosteels.com / ngupta@usbcosteels.com MUMBAI 107, Vardhaman Complex 10, L.B.S. Marg, Vikhroli (W) Mumbai - 400 083 022 2578 8955 / 2578 8956 sales@usbcosteels.com / mjayer@usbcosteels.com BANGALORE 705, B-Wing, 7th Floor, Mittal Tower 6, M. G. Road, Bangalore - 560 001 +91 80 2559 4040 / 0 93428 54698 Fax : 2559 4040 sales@usbcosteels.com / drkpillai@usbcosteels.com Bandsaw Cutting Facility OTHER ALLOY STEELS En-24, En-19, En-31, En-36 etc. Customised Imports METAL RAVNE RAVNE d.o.o. www.usbcosteels.com The name you can trust 30 102, Sudaive, Plot No. 97 Hindu Colony Road No. 3 Dadar (Cr.), Mumbai - 400 014 Phone : 2411 5870 • Telefax : 2411 8146 N. P. PATWA & CO. CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION MUMBAI REPORT ON THE STANDALONE FINANCIAL STATEMENTS We have audited the accompanied financial statements of THE ALL INDIA PLASTICS MANUFACTURER'S ASSOCIATION (the company), which comprise of the balance sheet as at 31st March, 2015 , the statement of the Income and Expenditure Account for the year ended on that , and the summary of significant accounting policies and other explanatory information. Management's Responsibility for the Standalone Financial Statements The Company's Management Committee is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation and presentation of these standalone financial statements that give a true and fair view of the financial position, financial performance of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material mis-statement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these standalone financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material mis-statement. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material mis-statement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements. 69th Annual Report 2014-2015 31 Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2015 and its income and expenditure account for the year ended on that date. Report on Other Legal and Regulatory Requirements 1 The requirement of the information by the Companies (Auditor's Report) Order, 2015 (“the Order”) issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act are not applicable to the company. 2 As required by Section 143 (3) of the Act, we report that: (a) we have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit. (b) in our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books; (c) the balance sheet and the statement of income and expenditure dealt with by this Report are in agreement with the books of account; (d) in our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014; (e) on the basis of the written representations received from the directors as on 31 March 2015 taken on record by the Management Committee, none of the directors is disqualified as on 31 March 2015 from being appointed as a director in terms of Section 164 (2) of the Act; and (f) with respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us: i. the Company has disclosed the impact of pending litigations, if any, on its financial position in its financial statements ii. the Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long-term contracts For N. P. Patwa & Co Chartered Accountants FRN 107845W Sd/J. C. SHAH (PARTNER) (Membership No.:42384) PLACE: MUMBAI Date : 14th July, 2015 69th Annual Report 2014-2015 32 THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION ( LIMITED BY GUARANTEE ) BALANCE SHEET AS ON 31ST MARCH 2015 (Currency : Indian Rupees) PARTICULARS FUNDS & LIABILITIES SHARE CAPITAL FUNDS AND RESERVES Notes Attached As at 31/03/2015 As at 31/03/2014 ` ` 1 252,774,769 253,820,452 - - - - - - 54,153,325 - 38,232,091 - 306,928,094 292,052,543 31,372,635 250,670 33,447,482 286,480 625 625 SHARE APPLICATION PENDING ALLOCATION NON-CURRENT LIABILITIES LONG TERM BORROWINGS DEFERRED TAX LIABILITY CURRENT LIABILITIES SHORT TERM BORROWINGS TRADE PAYABLES OTHER CURRENT LIABILITIES SHORT TERM PROVISIONS 2 TOTAL ASSETS NON CURRENT ASSETS FIXED ASSETS TANGIBLE ASSETS INTANGIBLE ASSETS NON CURRENT INVESTMENT 3 4 CURRENT ASSETS 5 SHORT TERM INVESTMENT INCOME RECEIVABLE CASH AND BANK BALANCE SHORT TERM LOANS AND ADVANCES 226,252,872 1,352,409 5,716,893 41,981,990 TOTAL As per our attached Report of even date For N. P. PATWA & COMPANY CHARTERED ACCOUNTANTS FRN: 107845W Sd/J. C. SHAH (PARTNER) (Membership No.:42384) PLACE:MUMBAI DATE: 14th July, 2015 275,304,164 195,163,440 8,386,660 8,328,878 46,438,978 306,928,094 258,317,956 292,052,543 For & On Behalf of Board THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION CIN: U74999MH1947GAP005734 Sd/- Sd/- Sd/- RITURAJ GUPTA HAREN SANGHAVI JAGAT KILLAWALA PRESIDENT HON. SECRETARY HON. TREASURER 69th Annual Report 2014-2015 33 THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION ( LIMITED BY GUARANTEE ) STATEMENT OF INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31ST MARCH, 2015 (Currency : Indian Rupees) Notes Attached PARTICULARS INCOME REVENUE FROM OBJECTS AIPMA PUBLICATION INCOME MEMBERSHIP SUBSCRIPTION INCOME FROM EXHIBITION & SEMINAR OTHER INCOME 6 For the Period Ended 31/03/2015 For the Period Ended 31/03/2014 ` ` 7 5,139,199 2,205,860 2,633,525 2,106,178 2,168,350 147,678,157 8 18,678,920 19,524,245 28,657,504 171,476,930 12,423,572 1,410,034 28,302 1,495,985 13,603,475 9,497,102 118,080 2,241,897 14,686,213 28,961,368 26,543,292 (303,864) - 144,933,638 18,000,000 (824,092) (303,864) 126,109,546 TOTAL REVENUE EXPENSES EXPENSES ON OBJECTS EMPLOYEE COST FINANCE COST DEPRECIATION AND AMORTISATION OTHER EXPENSES 9 10 TOTAL EXPENSES Surplus / (Deficit) for the year before Tax Less : Provision for Tax Add : Short / (Excess) Provision for Prior year Written Back Balance carried to Balance Sheet As per our attached Report of even date For N. P. PATWA & COMPANY CHARTERED ACCOUNTANTS FRN: 107845W Sd/J. C. SHAH (PARTNER) (Membership No.:42384) PLACE:MUMBAI DATE: 14th July, 2015 For & On Behalf of Board THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION CIN: U74999MH1947GAP005734 Sd/- Sd/- Sd/- RITURAJ GUPTA HAREN SANGHAVI JAGAT KILLAWALA PRESIDENT HON. SECRETARY HON. TREASURER 69th Annual Report 2014-2015 34 THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION ( LIMITED BY GUARANTEE ) NOTES FORMING PART OF BALANCE SHEET PARTICULARS NOTE - 1 CORPUS FUND a) Capital Fund Opening Balance Add: Entrance Fees Entrance Fees (Earlier Year) Life Membership Fees (Earlier Year) As at 31/03/2015 As at 31/3/2014 ` ` 22,163,491 93,500 3,500 - 21,997 491 142,500 23,500 22,260,491 b) EARMARKED FUNDS i) Building, Library & Equipment Fund Add : Transferred from I&E Account 21,644,898 90,000,000 c) Income and Expenditure Account Opening Balance Add : Surplus / (Deficit) as per I & E Account Less Depreciation Less Transferred to Earmarked funds 111,644,898 210,012,063 (303,864) (838,819) (90,000,000) NOTE - 2 CURRENT LIABILITIES AND PROVISIONS Sundry Creditors For Capital Assets For Expenses Other Liabilities Security Deposits Advance Income Received Other Credit Balances 21,644,898 - 21,644,898 83,902,517 126,109,546 118,869,380 210,012,063 252,774,769 253,820,452 2,836,468 10,697,708 2,836,468 10,697,708 37,241,605 13,890,335 184,917 51,316,857 1,686,747 20,221,869 5,625,767 27,534,383 54,153,325 38,232,091 625 625 625 625 NOTE - 4 INVESTMENTS (Non-Trade Investments, Unquoted) Shares in SVC bank (25 Shares @ Rs. 25 each) 69th Annual Report 2014-2015 35 22,163,491 69th Annual Report 2014-2015 36 PREVIOUS YEAR INTANGIBLE ASSETS - - - - 3,176,413 245,107 50,938,790 47,830,159 - 245,107 50,580,690 358,100 55,320 37,190 96,215 56,382 ADDITIONS 55,320 5,081,322 2,434,123 6,076,362 10,921,615 10,950,340 10,785,755 4,500,000 AS AT 31.03.15 Rs. - 3,492,591 1,879,764 3,807,046 571,034 563,149 5,703,296 1,116,328 UP TO 01.04.14 Rs. 358,100 71,620 67,782 50,938,790 14,962,931 20,960 51,162,937 17,204,828 - 20,960 50,804,837 17,133,208 - - 20,960 - - - - - DEDUCTIONS GROSS BLOCK (AT COST) - 5,044,132 OFFICE EQUIPMENT MOTOR SCOOTER 6,019,980 2,358,868 FURNITURE & FIXTURES 10,950,340 10,921,615 OFFICE PREMISES (CHENNAI) OFFICE PREMISES (KOLKATA) COMPUTERS 10,785,755 4,500,000 AS AT 01.04.2014 Rs. BUILDING LEASEHOLD LAND TANGIBLE ASSETS ITEM DESCRIPTION NOTE - 3 FIXED ASSETS 0 838,819 - 838,819 - 531,409 44,648 262,762 - - - - FROM RESERVES Rs. 2,241,897 1,495,985 35,810 1,460,175 2,877 473,480 256,786 201,057 160,125 160,707 154,388 50,755 FOR THE YEAR Rs. DEPRECIATION Depreciation as per the Companies Act 2013 17,204,828 19,539,632 - - 107,430 - 19,432,202 2,877 4,497,480 2,181,198 4,270,865 731,159 723,856 5,857,684 1,167,083 UP TO 31.03.15 Rs. THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION ( LIMITED BY GUARANTEE ) 33,733,962 31,623,305 250,670 31,372,635 52,443 583,842 252,925 1,805,497 10,190,456 10,226,484 4,928,071 3,332,917 AS AT 31.03.15 Rs. 32,867,228 33,733,962 286,480 33,447,482 - 1,551,541 479,104 2,212,934 10,350,581 10,387,191 5,082,459 3,383,672 AS AT 31.03.14 Rs. NET BLOCK THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION NOTES FORMING PART OF BALANCE SHEET PARTICULARS As at 31/03/2015 As at 31/3/2014 ` ` NOTE - 5 CURRENT ASSETS LOANS AND ADVANCES. CURRENT ASSETS a) Short Term Investment Fixed Deposits with Banks b) Income Receivable i) Outstanding for a period exceeding six months : ii) Others 226,252,872 464,038 888,371 195,163,440 364,966 8,021,694 1,352,409 c) Cash and Bank Balances Cash in hand Stamps in hand Balances with Banks in i) Current Accounts ii) Savings Bank Accounts 14,598 14,885 359,740 31,674 29,483 391,414 3,127,134 2,560,276 7,093,128 844,336 5,687,410 d) Other Current Assets Interest Accrued But Not Due Advances recoverable in cash or Kind Security Deposit TDS & Advance Tax (Net of Provisions) Service Tax Balance 8,386,660 5,716,893 3,024,332 16,972,889 259,635 17,387,633 4,337,501 8,328,878 11,766,146 15,786,601 670,385 13,594,773 4,621,073 41,981,990 46,438,978 275,304,164 258,317,956 69th Annual Report 2014-2015 37 7,937,464 THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION ( LIMITED BY GUARANTEE ) NOTES TO INCOME AND EXPENDITURE ACCOUNT PARTICULARS As at 31/03/2015 As at 31/03/2015 As at 31/3/2014 As at 31/3/2014 NOTE - 6 AIPMA PUBLICATION INCOME Plastic News Advertisement Directory, CD & Floppy Members Directory Others 2,651,836 123,555 1,435,799 928,009 1,208,965 33,650 - 863,563 5,139,199 2,106,178 NOTE - 7 INCOME FROM EXHIBITION AND SEMINAR SURPLUS FROM PLASTIVISION 2013 EXHIBITION (AS PER SCHEDULE 'A') 147,678,157 Plastivision Arabia 2014 Exhibition Surplus 2,633,525 - 2,633,525 147,678,157 17,242,457 146,993 143,895 881,520 17,955,884 205,326 81,265 NOTE - 8 OTHER INCOME Interest Income Service Charges Miscellaneous Income Entertainment Tax Refund Interest on Income Tax Refund Exchange Rate Difference Placement Cell Sundry Credit balance w/back 134,944 129,111 416,460 37,810 2,500 825,000 18,678,920 19,524,245 NOTE - 9 EXPENDITURE ON OBJECTS Publication Expenses Plastic News Advertisement Others 917,057 2,083,486 3,000,543 1,992,763 1,495,977 3,488,740 Participation - Exhibitions Expenses Less : Participation - Exhibitions Receipts 1,056,795 29,039 1,027,756 76,438 (84,403) (7,965) Participation - Delegation Expenses Less : Participation - Delegation Receipts 3,039,936 2,586,790 453,146 55,650,650 54,052,671 1,597,979 70th Jubilee Expenses Receipts 5,593,849 4,045,049 1,548,800 - Kayakalp Seminar Expenses Other Seminars Expenses Less : Seminars Receipts 1,193,977 142,013 11,000 1,324,990 945,465 701,238 205,000 69th Annual Report 2014-2015 38 1,441,703 THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION ( LIMITED BY GUARANTEE ) NOTES TO INCOME AND EXPENDITURE ACCOUNT PARTICULARS As at 31/03/2015 As at 31/03/2015 Advertisement Expenses AIPMA Meeting & Conference Expenses Anti Dumping Issue (Exp) CIPAD Meeting Expenses DCPC / UNIDO Meeting Expenses Environment Issue Exp Legal Fees Sponsorship Subscription to Other Associations Travelling Expenses Leap Participation Programme Land (Dahej) Cluster Expenses As at 31/3/2014 As at 31/3/2014 1,089,750 863,094 61,000 201,812 10,471 497,456 159,131 510,000 368,086 1,307,537 - 41,528 1,104,195 23,538 127,761 206,859 450,000 35,393 125,884 316,847 518,042 14,000 12,598 12,423,572 9,497,102 90,000 170,000 NOTE - 10 ADMINISTRATIVE EXPENSES Auditors Remuneration Repairs and Maintenance - Building - Equipments - Others Security Charges House Keeping Charges Foreign Exchange Fluctuation Property Tax (Including Arrears) Office Rent Water Charges Postage Telegram & Telephone Miscelleaneous expenses Electricity Charges Printing and Stationery Insurance Loss on Sale of Fixed Asset Internet Charges Office Expenses Newspaper Books & Periodicals Service Charges Paid Legal & Professional Charges Interest on TDS & Short Deduction Service Tax Expenses 233,870 162,255 291,287 687,412 364,935 151,647 68,328 906,662 105,261 756,548 268,986 612,695 566,829 35,251 1,960 70,927 818,178 9,152 6,441,449 989,066 114,761 543,428 13,603,475 69th Annual Report 2014-2015 39 145,317 307,201 452,518 369,406 250,250 2,628,603 26,000 88,613 671,682 483,236 599,320 31,977 7,542 892,670 5,321 6,686,421 808,034 9,070 505,550 14,686,213 THE ALL INDIA PLASTICS MANUFACTURERS' ASSOCIATION PLASTIVISION ARABIA EXHIBITION 2014 Schedule 'A' INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2015 FOR THE PERIOD 31ST MARCH 2015 AMOUNT (in `) PARTICULARS INCOME Stall Rent collected 11,989,061 Royalty Received 5,973,108 Other Income 124,466 TOTAL 18,086,635 EXPENDITURE Stall Rent paid to Expo Centre 11,344,414 Travelling Expenses 1,658,062 Service Charges Paid 985,419 Commision Paid 264,790 Advertising Expenses 516,505 Exhibition and Seminar 86,378 Launch Function of PVA - 2014 166,640 Meeting Expenses 13,422 Promotion Expenses 90,966 Legal & Profession Fees 1,750 Misc. Expenses 169,325 Telephone Expenses 24,014 Exchange Rate Difference 131,425 TOTAL 15,453,110 Surplus/(Deficit) for the year 2,633,525 Balance of Surplus Carried to Balance Sheet 2,633,525 69th Annual Report 2014-2015 40 NOTE '11' OF SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2015 AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED ON THAT DATE: 1) SIGNIFICANT ACCOUNTING POLICIES: a) GENERAL: The financial statements are prepared under the historical cost convention, on the basis of a going concern and as per applicable Accounting Standards. The preparation of financial statements is in conformity with generally accepted accounting principles (GAAP). The company follows mercantile system of accounting and recognizes income and expenses on accrual basis except those with significant uncertainties. b) FIXED ASSETS: Fixed Assets are stated at cost of acquisition less accumulated depreciation/ amortization. c) DEPRECIATION / AMORTISATION: I. Cost of Leasehold land is amortized from the date of possession over the remaining period of the lease. II. In respect of other items of fixed assets, depreciation is provided on written down value method in the manner specified in Schedule II of the Companies Act, 2013. III. Intangible assets are depreciated over a period of benefit on straight line bases. d) FOREIGN CURRENCY TRANSACTIONS: i) Transactions in Foreign Currency are recorded at the exchange rates prevailing on the date of transaction. ii) Current assets and current liabilities in foreign currency at the end of the year are stated at the rate of exchange in force as on that date and the resultant gain/(loss) is recognised in the Income and Expenditure Account. e) INVESTMENTS: Investments are stated at cost. However provision, if any, is made for permanent diminution in the value of the investments. f) REVENUE RECOGNITION: Membership subscriptions, which remain unpaid as at the close of the year, are not accounted for except the amount actually received out of such unpaid subscription close to the adoption of the financial statements by the committee of management. Life Membership Fees and Entrance Fees are credited to Capital Fund being part of the Corpus Fund. g) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS: A provision is made based on a reliable estimate when it is probable that an outflow of resources embodying economic benefits will be required to settle an obligation. Contingent Liabilities, if material, are disclosed by way of notes to accounts. Contingent assets are not recognized or disclosed in the financial statements. 2. NOTES TO ACCOUNTS a) The Association is a charitable organisation established and operating for advancement of objects of national importance and general public utility. The provisions of tax payable as applicable under The Income Tax Act, 1961 is made on the bases of applicable provisions of Income Tax Act,1961. 69th Annual Report 2014-2015 41 b) The movement of publications / CD's is controlled under the overall supervision of the Secretary General. However, there is no system of maintaining inventory for the said materials. c) Depreciation is provided as per Schedule II of the Companies Act, 2013 which interalia requires provision of depreciation on the basis of useful life of Fixed Assets . The Assets which have completed the useful life is depreciated in full and the depreciation charged in respect of these assets is Rs 838 819/- is debited to accumulated balance in Income and Expenditure account d) Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. NIL ( Previous period NIL) e) The information required by the Schedule VI of Company's Act, 2013 is given to the extent applicable. f) PAYMENT TO AUDITORS : S.NO. PARTICULARS For the Period Ended 31/03/2015 1 Audit Fees 70,000 70,000 2 Exhibitions 20,000 100000 3 Out of pocket expenses (Including Service tax) 0 0 90,000 170,000 TOTAL For the Period Ended 31/03/2014 g) EARNINGS IN FOREIGN CURRENCY: Sale of Directories, Seminar contribution, Exhibition revenue and Plastic News advertisement income Rs. 3,14,92,483/- (Previous period Rs. 6,66,90,590/-) h) EXPENDITURE IN FOREIGN CURRENCY: Exhibition Expenses Rs. 69,13,096/- (Previous period Rs. 3,66,90,826/-) I Previous year's figures have been regrouped / rearranged wherever necessary to conform to current period's presentation. N. P. PATWA & COMPANY Chartered Accountants Firm Registration No 107845W Sd/J. C. SHAH (PARTNER) (Membership No.:42384) For THE ALL INDIA PLASTICS MANUFACTURER'S ASSOCIATION CIN: U74999MH1947GAP005734 Sd/RITURAJ GUPTA Sd/HAREN SANGHAVI Sd/JAGAT KILLAWALA PRESIDENT HON. SECRETARY HON. 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