COMPLIANCE FY 2015-16

ANNEXURE – IV

Annual Report on Corporate Social Responsibility (CSR) Activities for the Financial Year 2015-16

(Vide the Annexure to the Companies (Corporate Social Responsibility Policy) Rules, 2014)

A brief outline of the company’s CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR policy and projects or Programmes:
The Company’s CSR policy is an integration of business operations and values, whereby the interests of all stakeholders including investors, customers, employees, the community and the environment are reflected. The Corporate Social Responsibility Committee had formulated and recommended a Corporate Social Responsibility Policy to the Board of the Company which was subsequently adopted by it and is being implemented by the Company.
CSR Activities that may be undertaken by the Company are included under Section 135 of the Act and in the Rules made thereunder. The activities will be undertaken as projects, programmes or activities excluding activities undertaken in pursuance of the normal course of business of the Company.
The maximum amount of spend on CSR activity during the year should not be less than 2% of the average net profits of the Company made during the three immediately preceding financial years. The surplus arising out of CSR activity will not be part of business profits of the Company and it would be added back to the CSR spends.
CSR policy and project or programs are also available on the Company’s website at the web-link: http://www.mcdonaldsindia.com/tac/compliance.html.
The Composition of the CSR Committee:
The CSR Committee of the Company is composed of the following members of the Board of Directors: Mr Banwari Lal Jatia (Chairperson), Mr Ranjit Paliath and Mr P. R. Barpande.
Average net profit of the Company for last three financial years:
Rs. 8.41 million.
Prescribed CSR Expenditure (two percent of the amount as in item 3 above):
Rs.0.17 million
Details of CSR spend during the financial year:
Total amount to be spent for the financial year – Rs. 0.17 million.
Amount unspent, if any – Nil
Manner in which the amount spent during the financial year is detailed below:
CSR project or activity identified:
To support a host of communities through donations in cash or kind (books, toys, clothes, food etc).
Towards social project of providing clean water to rural India.
Towards support of Ronald McDonald House Charities Foundation (India) for carrying out charitable activities.
Sector in which the project is covered(as in Schedule VII):
Projects or programme (Local area or other), specify the state and district where projects or programs were undertaken:
Rajasthan (District: Ajmer); Chhattisgarh (District: Raipur); Delhi; Hyderabad; Maharashtra (District: Raigadh) and Uttarakhand
Amount outlay (budget) project or programs wise – Not Applicable
Amount spent on the projects or programs
Cumulative expenditure upto the reporting period – Rs 0.17 million.
Amount spent: Direct or through implementing agency
Direct by contributing required sums to the beneficiaries.
In case the Company has failed to spend the two per cent of the average net profit of the last three financial years or any part thereof, the company shall provide the reasons for not spending the amount in its Board report
Not applicable.
A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the Company:
The implementation and monitoring of CSR Policy is in compliance with CSR objectives and Policy of the Company.