The Board at its Meeting held on January 21, 2016 has appointed Shri Sanjay Bahl as Key Managerial Personnel Group -Chief Financial Officer. Raymond Woollen Outerwear Limited The gross turnover of the Company, net of returns and discounts was Rs. Ring Plus Aqua Limited The gross turnover of the Company was at Rs. Profit after tax for the year stood at ' 21. The Company has established itself as a preferred premium high value shirting supplier to top domestic brands through its continuous design and product innovation and strong emphasis on consumer service.
The estimates and judgments relating to the financial statements are made on a prudent basis, so as to reflect in a true and fair manner, the form and substance of transactions and reasonably present the Company's state of affairs, profits and cash flows for the year ended March 31, 2016. The Core values of the organisation include Quality, Trust, Leadership and Excellence. The Board recommends her re-appointment for the consideration of the Members of the Company at the ensuing Annual General Meeting. These are the most common values included in financial highlights. In spite of this, the Company continues to be the market leader in the premium casual wear segment. This initiative enables less fortunate children to be self-sufficient in life. The Company has made a provision of Rs.
The Company continued its efforts in developing new markets, making major in-roads into Asian and Latin American markets during the year. Introduction A Conceptual framework is important to financial reporting. Shri Pradeep Guha is associated with many bodies in the field of advertising, marketing and media. The Operating Profit before tax stood at ' 128. Audit plays a key role in providing assurance to the Board of Directors. Transactions entered into pursuant to omnibus approval are audited by the Risk Assurance Department and a statement giving details of all Related Party Transactions are placed before the Audit Committee and the Board for review and approval on a quarterly basis. Celebrations Apparel Limited This company has a state-of-the art manufacturing facility for formal shirts.
The Members of the Board are also free to recommend the inclusion of any matter for discussion in consultation with the Chairman. The Board of Directors, on the recommendation of Audit Committee, has appointed Messrs R. Overall the financial statements have been prepared on the historical cost basis. Benito — Range of fabrics developed using Ceramica polyester with properties like superior comfort and good crease recovery. Another section of the Annual Report is the Proxy Statement.
As on March 31, 2016, none of the Directors of the Company hold instruments convertible into equity shares of the Company. Some of the risks that the Company is exposed to are: Financial Risks The Company's policy is to actively manage its foreign exchange risk within the framework laid down by the Company's forex policy approved by the Board. The Company is mitigating these risks through regular reviews of legal compliances, through internal as well as external compliance audits. This Centre provides free vocational training workshops to young boys over the age of 16. The Company's reputation for quality, product differentiation and service, coupled with existence of powerful brand image with robust marketing network mitigates the impact of price risk on finished goods.
The Company closed down the operations at its high cost Thane unit in December 2009. Silver Spark Apparel Limited The gross turnover of the Company was marginally lower at Rs. Bhandari, aged 52 years is a commerce and law graduate from the University of Kolkata and a Fellow Member of the. The Company proactively manages these risks in inputs through forward booking, inventory management, proactive management of vendor development and relationships. The balance sheet, the statement of profit and loss and the cash flow statement dealt with by this report is in agreement with the books of account.
The Company continues to meet the ever increasing quality standards set by reputed national and international brands. Scissors Engineering Products Limited The company registered a loss of ' 0. Details of such employees are annexed as Annexure - F and forms an integral part of this Report. When the company reputation is on the line, cutting corners on semi professional photographers can be a huge mistake. During the year under review, no complaints were reported to the Board. The Board members are briefed at e.
Nawaz Gautam Singhania, Director, retires by rotation at the forthcoming Annual General Meeting and, being eligible offers herself for re-appointment. Ring Plus Aqua Limited This company manufactures high quality automotive components and supplies to the domestic markets as well as to Europe, North America and Latin America. During the year under review, the company made loss of ' 39. Singhania yet another entry into the Guinness Book of World Records and a Gold Medal form the Royal Aero Club of U. Raymond was the first organisation in India to introduce Embryo Transfer in Sheep; J. Recession Risk Determine whether Raymond grew or shrank during the last recession.