50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
81
To
The Members
The Gem and Jewellery Export Promotion Council
The Committee of Administration has pleasure in presenting
the
Fiftieth (50th) Annual Report
of The Gem and Jewellery
Export Promotion Council on the business and operations of
the council together with the Audited Financial Statements for
the year ended 31st March 2016.
The State of the Company’s Affairs:
1.
FINANCIAL RESULTS:
Particulars
Standalone
Consolidated
2015-2016
2014-15
2015-2016
2014-15
Revenue from activities carried in
pursuance of the Objects
1,39,56,56,285
1,35,78,20,762 1,45,67,48,417
1,39,68,73,337
Other Income
13,75,92,727
12,12,31,449 14,57,83,028
12,98,78,005
Total Revenue (A)
1,53,32,49,012
1,47,90,52,211 1,60,25,31,445
1,52,67,51,342
Total Expenses (B)
1,17,46,77,927
121,50,92,815 1,24,64,36,633
1,27,16,09,026
Surplus Before Exceptional &
Extraordinary Items(A – B)
35,85,71,085
26,39,59,396 35,60,94,812
25,51,42,316
Exceptional Items
__
__
__
6,57,652
Surplus Before Extraordinary
Items And Tax
35,85,71,085
26,39,59,396 35,60,94,812
25,57,99,968
Extraordinary Items
__
__
3,28,851
__
Surplus Before Tax
35,85,71,085
26,39,59,396 35,57,65,961
25,57,99,968
Less: Tax Expenses
__
__
__
-
Surplus for the year
35,85,71,085
26,39,59,396 35,57,65,961
25,57,99,968
2.
REVIEW OF OPERATIONS AND STATE OF
COUNCIL’S AFFAIRS:
The primary objective of the Council is to support,
protect, maintain, increase & promote the exports
of Gem & Jewellery including pearls, Colored
gemstones, diamonds, synthetic stones; costume
(fashion) jewellery, gold & other precious metal
jewellery & other articles thereof by such methods
as may be necessary or expedient.
With this key objective in mind the Council has
undertaken various measures to ensure that the
Indian gems & jewellery industry is solidified on
an international platform. The Council has also
undertaken a variety of necessary activities in
order to provide a much needed impetus so as to
broad base the membership
strength of the Council.
Report Of The Committee of Administration
3. MEMBERSHIP DETAILS:
Associate Member and Ordinary Members:
6000+ members
4. EXHIBITIONS & OTHER EVENTS
India International Jewellery Show (IIJS, 2015),
August 06-10, 2015
India
International
Jewellery
Week
(IIJW,
2015),
August
03-06,
2015
Signature IIJS 2016, February 20-23, 2016
Diamond Detection Expo & Symposium,
15th-16th December 2015
5.
EXTRACT OF ANNUAL RETURN:
The extract of the Annual Return, in Form No.
MGT–9, for the financial year ended 31st March
2016, is annexed herewith as
Annexure-I
to this
Report.
6.
COMMITTEE OF ADMINISTRATION MEETINGS
:
The Committee of Administration (hereinafter
referred to as “the CoA”) met for Nine (9) times
during the year under review :
