CSR Report 2016 - Peerless · PDF file32 the peerless general finance & investment company...

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THE PEERLESS GENERAL FINANCE & INVESTMENT COMPANY LIMITED

Annexure – 'C'

FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARD’SREPORT

1. A brief outline of the company’s CSR policy, including overview of projects or programs proposedto be undertaken and a reference to the web-link to the CSR policy and projects or programs.

Peerless' Corporate Social Responsibility Philosophy

Peerless, in its 80 long years of glorious existence, has been committed to the philosophy of ‘Bahujana Hitaya, BahujanaSukhayacha’ (‘Wellfare for Many and Happiness for Many’). As a natural consequence, the best interests of all ourstakeholders and compassion for the community at large, particularly the underprivileged segment, are the cornerstonesof Peerless’ Corporate Social Responsibility (“CSR”) Policy.

Peerless has always cared for the deprived segments of our society and extended generous help towards their upliftment.

Management’s vision

The Board of Directors and the Management of the Peerless Group are committed to assisting the underprivilegedand needy sections of society and to help building a sustainable way of living for them.

Areas covering Peerless’ CSR Initiatives

Based on Peerless’ philosophy and past practices, the Company adopted a comprehensive CSR Policy in strictcompliance with the contents and spirit of Schedule VII of the Companies Act, 2013.

Within the policy parameters, we have been actively supporting Healthcare and Educational projects across the country.

Website of the Company : www.peerless.co.in

2. The Composition of the CSR Committee.

Consequent upon the demise of Mr. Pranab Kumar Choudhury, Independent Director and Chairman of theCommittee on 22.11.2016, Mr. Deepak Mukerjee, Independent Director and Member of the Committee was electedChairman of the Committee.

The Committee consists of a Non-executive Director, namely, Mr. Deepak Mukerjee, (Independent Director) asChairman and, two Executive Directors, namely Mr. S. K. Roy, Managing Director and Mr. B. Lahiri, DeputyManaging Director, as members.

3. Average net profit of the company for last three financial years – Rs. 1481.82 million

4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) – Rs. 2,96,40,000/-

5. Details of CSR spent during the financial year :

(a) Total amount to be spent for the financial year - Rs. 2,96,40,000/-

(b) Amount unspent, if any – NIL

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Sl. CSR Sector in Projects or Amount Amount spent Cumulative AmountNo. project or which the Programmes outlay on the projects expenditure spent :

activity Project is (1) Local area (budget) or programs upto the Direct oridentified covered or other project or Sub-heads: reporting through

(2) Specify the programs 1. Direct period implemen-State and wise expenditure ting agencydistrict (Rs.) on projects (Rs.)where or programsprojects or 2. Overheadsprogramswasundertaken

1 Financialassistance forrunningVocationalTrainingCentre forBlind Boys

2 Financialassistance forrenovation ofbuilding forDay care andfree coachingcentre

3 Financialassistance forrunningSchool &Hostels fororphan boysand girls

4 Financialassistance forrunningcharitabledispensary


PromotingEducation,SkillDevelopmentScheduleVII(ii)

PromotingEducationScheduleVII(ii)

PromotingHealthcareScheduleVII(i) &EducationScheduleVII(ii)

PromotingHealthcareScheduleVII(i)


West Bengal,Narendrapur,South 24Parganas

West Bengal,Baranagar,Kolkata

West BengalDakshineshwar,North 24Parganas

Karnataka,Bengaluru

Tamil Nadu,Minjur,Chennai

7,20,000/-

35,00,000/-

1,20,000/-

60,000/-

1,20,000/-

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

RamakrishnaMission BlindBoy’sAcademy,Narendrapur,West Bengal

RamakrishnaSaradaMissionSikshaMandir, WestBengal

DakshineshwarRamkirshnaSangha,Adyapeath.West Bengal

BharatSevashramSangha,Varanasi


7,20,000/-

35,00,000/-

1,20,000/-

60,000/-

1,20,000/-

(c) Manner in which the amount spent during the financial year is detailed below :

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11 Financialassistance forconstructionof acharitablehospital

12 Financialassistance forrunning freecoachingcentre andfreedistributionof books,dresses etc

13 Financialassistance foreducationalhelp to poorstudents inremote, ruralareas,providingfree learningmaterials







PromotingEducation,ScheduleVII(ii)

PromotingEducationScheduleVII(ii)Promoting

Tamil Nadu,Kanyakumari

Rajasthan,Puskar,Ajmer

Tamil Nadu,Rameswaram

Kerala,Trivandrum

Uttar Pradesh,Varanasi

West Bengal,Kakdwip,South 24Parganas

Tamil Nadu,Chengalpattu,Kanchipuram

West Bengal,Kolkata

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure






BharatSevashramSangha,Kakdwip.West Bengal

RamakrishnaMission,Chengalpattu,Tamil Nadu

Dibyayan YogaResearchCentre,Kolkata.West Bengal

60,000/-

1,20,000/-

60,000/-

1,20,000/-

90,000/-

33,62,208/-

2,27,960/-

3,28,094/-

60,000/-

1,20,000/-

60,000/-

1,20,000/-

90,000/-

33,62,208/-

2,27,960/-

3,28,094/-

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15 Financialassistance forrunningcharitabledispensaryand mobilemedical unit

16 Financialassistance forrunning freeeducationcentre

17 Financialassistance forrunning freecomputertrainingcentre forpoorstudents

18 Financialassistance forrunninghostel forpoorstudents

19 Financialassistance forfree milkdistributionto poorchildren.

20 Financialassistance fororganizingmedical anddental camps

MaaKarunamoyeeTrust, Kolkata.West Bengal

RamakrishnaMath, MayalBandipur,Ichapur,Hooghly.West Bengal

RamakrishnaMissionAshrama,KotharOdisha

RamakrishnaMissionAshrama,KotharOdisha

BharatSevashramSangha, Suri

West Bengal

RamakrishnaMath, RajarhatWest Bengal

Sri SaradaMath, ShihoreWest Bengal

West Bengal,Kolkata

West Bengal,MayalBandipur,Hooghly

Odisha,Kothar,Bhadrak

Odisha,Kothar,Bhadrak

West Bengal,Suri,Birbhum

West Bengal,Rajarhat,North 24Parganas

West Bengal,Shihore,Bankura

HealthcareScheduleVII(i)





Eradication ofHunger,Poverty,Malnutrition,ScheduleVII(i)


Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

4,20,000/-

6,56,000/-

5,07,200/-

1,20,000/-

1,20,000/-

1,85,000/-

30,000/-

4,20,000/-

6,56,000/-

5,07,200/-

1,20,000/-

1,20,000/-

1,85,000/-

30,000/-

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21 Financialassistance forpurchase ofmammographyandultrasonographymachines forfree cancerdetection ofpoorpatients.

22 Financialassistance forprovidingscholarshipsto poor andmeritoriousstudents forhigherstudies


24 Financialassistance forrunninghome fororphan girls,some withdisabilities

25 Financialassistance foreducationand trainingof poorstreet girlchildren


27 Financialassistance forprovidingscholarshipsto poor andmeritoriousstudents

BK RoyFoundation,Kolkata.West Bengal

RamakrishnaMath,BaranagarWest Bengal

RamakrishnaMath, Naora,BhangarWest Bengal

ChildlifePreserve,Shishur Sevay,KolkataWest Bengal

NiharkanaRehabilitationCentre,Dum DumWest Bengal

BharatSevashramSangha,Gangasagar.West Bengal

RamakrishnaMission, SwamiVivekananda’sAncestral House& CulturalCentre. WestBengal








Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

1,34,94,000/-

13,92,000/-

3,86,000/-

5,82,000/-

1,20,000/-

40,000/-

4,20,000/-

West Bengal,Kolkata

West Bengal,Baranagar,Kolkata

West Bengal,Naora,South 24Parganas

West Bengal,New Alipore,Kolkata

West Bengal,Dumdum,Kolkata

West Bengal,Ganga Sagar,South 24Parganas

West Bengal,Kolkata

1,34,94,000/-

13,92,000/-

3,86,000/-

5,82,000/-

1,20,000/-

40,000/-

4,20,000/-

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28 Financialassistance forfreedistributionof clothes/blankets topoor people

29 Financialassistance forprovidingscholarshipsto poor andmeritoriousstudents

30 Financialassistance forpurchase ofECGmachine,computerand printerfor charitabledispensary

31 Financialassistance forinstallation ofelevator fortheresearchers,scholarscoming tothe library

32 Financialassistance forpurchase ofoneventilator,twomultiparapatientmonitors,two syringepumps, onebiphasicdefibrillatorfor setting upa two-beddedintensivetherapy unit

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

3,00,000/-

50,000/-

1,28,000/-

7,50,000/-

12,99,818/-

DakshineswarRamakrishnaSangha,AdyapeathWest Bengal

RamakrishnaMissionAshrama,Ramharipur,West Bengal

MaaKarunamoyeeTrust, Kolkata,West Bengal

GaudiyaMission,Bagbazar,KolkataWest Bengal

BK RoyFoundation,KolkataWest Bengal

Eradication ofPovertyScheduleVII(i)


PromotingHealthcare,ScheduleVII(i)


PromotingHealthcare,ScheduleVII(i)

West Bengal,DakshineswarNorth 24Parganas

West Bengal,Ramharipur,Bankura

West Bengal,Kolkata

West Bengal,Bagbazar,Kolkata

West Bengal,Shantiniketan,Birbhum

3,00,000/-

50,000/-

1,28,000/-

7,50,000/-

12,99,818/-

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Sl. CSR Sector in Projects or Amount Amount spent Cumulative AmountNo. project or which the Programmes outlay on the projects expenditure spent :

activity Project is (1) Local area (budget) or programs upto the Direct oridentified covered or other project or Sub-heads: reporting through

(2) Specify the programs 1. Direct period implemen-State and wise expenditure ting agencydistrict (Rs.) on projects (Rs.)where or programsprojects or 2. Overheadsprogramswasundertaken

1 Financialassistance forfree MajorEye Surgeries

2 Financialassistance foreducationand trainingof poor streetgirl children

3 Financialassistance foreducationalhelp to poorandmeritoriousstudents






Tamil Nadu,Chennai;West Bengal,Kolkata

West Bengal,Dum Dum,North 24Parganas

West Bengal,Ramharipur,Bankura

West BengalGangasagarSouth 24Parganas

1,00,00,000/-(Balance Rs.20,00,000/-disbursed in

the year2016-17)

3,60,000/-(Balance

Rs. 2,40,000/- disbursed in

the year2016-17)

70,000/-(Balance

Rs. 10,000/-disbursed in

the year2016-17)

1,20,000/-(Balance Rs.

80,000/-disbursed in

the year2016-17)

Directexpenditure

Directexpenditure

Directexpenditure

Directexpenditure

SankaraNethralayaChennai/KolkataTamil Nadu /West Bengal

NiharkanaRehabilitationCentre,Dum DumWest Bengal

RamakrishnaMissionAshrama,RamharipurWest Bengal

BharatSevashramSangha,GangasagarWest Bengal

1,00,00,000/-

3,60,000/-

70,000/-

1,20,000/-

CSR Projects Approved during the FY 2015-16 and amount partly disbursed and balancedisbursement made in FY 2016-17

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6. In case the company has failed to spend the two per cent of the average net profit of the last threefinancial years or any part thereof, the company shall provide the reasons for not spending the amount

in its Board report.

-Not Applicable

7. In the opinion of the CSR Committee, the implementation and monitoring of CSR Policy are in compliance withCSR objectives and Policy of the Company.

Sd/- Sd/-

(S. K. Roy) (D. Mukerjee)Managing Director Chairman, CSR Committee

CSR Report 2016 - Peerless · PDF file32 the peerless general finance & investment company...

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