50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
112
33.
Payments to and Provision for Statutory
Auditors:
(Excluding Service tax)
Particulars
2015-16
Rupees
2014-15
Rupees
For Statutory Audit
180,000
1,00,000
Out of Pocket Expenses
20,160
-
For Event Audit
1. Signature IIJS 2016,
Show
275,000
-
Out of Pocket Expenses
2.
India International
Jewellery Week
100,000
-
Out of Pocket Expenses
3.
India Gem & Jewellery
Machinery Expo, Mumbai
100,000
-
Out of Pocket Expenses
For Kimberly Process
Certification
260,000
2,40,000
For Other Certificates
60,000
68,000
For Concurrent Audit of
Payroll
1,62,000
For Other Services
25,000
34.
During the year, following the Kimberly Process
Certification Scheme (KP), the Council has issued
2,681 (2014-2015: 3050) KP certificates for export
parcels and endorsed 27,372 (2014-2015: 28,680) KP
certificates for import parcels. These figures include
transactions handled by Special Economic Zones in
India. The Number of Certificates issued / endorsed is
as per the date of posting in the system.
35.
During the financial year 2009-10, National Skill
Development Corporation has sanctioned Rs.269
lacs as Grant and Rs.269 lacs as Secured Loan
for the Indian Institute of Gems & Jewellery, Jaipur
(IIGJJ), a company incorporated under Section 25 of
the Companies Act, 1956 (superseded by Section 8
of the Companies Act, 2013). Out of the above, a sum
of Rs. 214.62 lacs towards Grant & Rs.152.72 lacs
towards loan have been received by the Council for
and on behalf of IIGJJ to be utilized for acquisition of
assets and equipment.
The Council has granted unsecured loan of Rs
69,52,206 to IIGJJ to be utilized for acquisition of
specified assets and equipment by IIGJJ.
36. Following Overheads incurred at Head Office
have been allocated under the head “Exhibitions”
and “Kimberley Process Certification Scheme
Expenses” proportionately on the basis of related
revenues:
PARTICULARS
NOTE NO.
RUPEES
Employee Benefits Expenses Note “18”
3,47,36,414
Depreciation
Note “20”
1,05,54,000
Administrative Expenditure Note “21.1”
2,86,15,762
Other Expenditures
Note “21.4”
67,72,267
THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
(A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)
NOTES TO THE STANDALONE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2016
