ANNUAL ACTIVITY REPORT · To, ALL MEMBERS, NOTICE For . 37th ANNUAL GENERAL BODY MEETING . Day/Date...

ANNUAL ACTIVITY REPORT

202

GUJARAT EMPLOYERS ORGANISATION Vadodara

2017-18

To,

ALL MEMBERS,

NOTICE For

37th ANNUAL GENERAL BODY MEETING

Day/Date : Friday 7th September 2018

Time : 6.30pm

Venue : The Hotel New Sayaji, Near Bhimnath Bridge, Vadodara

Dear Sir,

37th Annual General Body Meeting of Gujarat Employers’ Organisation (GEO) is being called on to transact the following business:-

1. To approve minutes of the previous Annual General Meeting held on 2. To consider the Annual Report of the activities of the organisation 3. To receive and adopt the Audited Accounts for the year 2017-18 4. To appoint Auditors for the year 2018-19

Please make it convenient to attend the meeting and confirm the same on the format enclosed herewith, latest by Tuesday 4th September 2018.

For Gujarat Employers’ Organisation

Shwetanshu Patel

Note: Nomination form attached – please forward it latest by Tuesday 4th September 2018.

GUJARAT EMPLOYERS’ ORGANISATION Page 1

NOMINATION / PROXY FORM

Mail ids : [email protected] [email protected] Date:

To, Gujarat Employers’ Organisation Trident, ‘D Wing’, 34-35, 3rd Floor, Opp. Geri, Race Course Vadodara – 390 007 Dear Sir,

I/we _________________________ of ___________________________

Being member of Gujarat Employers’ Organisation shall remain present or hereby

appoint Mr. _________________ Designation ______________ failing him

Mr. _________________ Designation ____________ as the representative/s

of Organisation for the Annual General Meeting to be held on Friday 7th

September 2018 and/or any adjournment thereof.

Name : _________________ Contact Nos.

: _________________

Signature : _________________ E- mail : _________________

Company Seal : Mobile No. : _________________


mailto:[email protected]

mailto:[email protected]

Dear Friends,

It gives us great pleasure to present Activity Report of Organisation for the time period of March 2017 – March 2018 1. GOVERNING BODY: Governing body of the organisation is the core centre for power and authority to form the policy and steer the overall direction of the organisation. Headed by President Governing body on behalf of the organisation decides policy matters, discusses and tries to bring solution to the issues/ problem of the industrial sector and also explores the new avenues for expanding the activities/services for members of organisation. Governing body comprises of:

i) 15 Elected Members

ii) Past Presidents

iii) Co-opted Members

iv) Special Invitees

(FOR DETAILS SEE ANNEXURE-A) 2. MEETINGS:

• GOVERNING BODY

11 Monthly meetings of Governing Body were held during past year.

• OFFICE BEARERS

Office Bearers meet 4 times in the year and the officers took special care to see that policy matters as decided by Governing Body were implemented.

• ANNUAL GENERAL BODY MEETING

36th Annual General Body Meeting – 2016 was conducted Tuesday 22 August 2017 6:30 pm, GRAND MERCURE Hotel Surya Palace, Vadodara 121 representatives from 62 member industries attended the meet.

AGM was followed by a grand function and a get together for members, wherein Pujya Gnanvatsal Swami from BAPS Swaminarayan Sanstha was the Guest Speaker. He spoke on SQ – The ultimate intelligence. The talk was well received and appreciated.

The meeting ended with vote of thanks by Mr. Niraj Patel Hon. Treasurer of GEO.


3. SUB – COMMITTEES:

To assist Governing Body & to utilize the expertise & knowledge of its board members; Sub – Committees are formed. For 2018-19 following Sub Committees were formed (ANNEXURE-B) I. IR/HR SUB – COMMITTEE:

The objectives were: 1. To arrange & organises IR/HR related programs 2. To provide Labour Laws related consultancy our members industries

II. HR CONVENTION SUB – COMMITTEE: To arrange State Level HR Convention - 2017– a mega event scheduled in the month of November.

III. AWARDS SUB – COMMITTEE: GEO was planning to initiate the Awards for best IR/HR practices. The proposal has been forwarded to State Government for its support.

IV. SMEs CONNECT SUB – COMMITTEE:

The objective was to share the experiences of small-scale entrepreneurs, who could turn their small business in to big & successful industry.

V. PROGRAM SUB-COMMITTEE (2018-2019):

The objective is to plan different programmes under this committee including the initiatives taken this year

4. MEMBERSHIP (March 17 – April18):

Last year the active membership was 253 during the year. Between March 2017 to April 2018, 13 Industries joined as our new members.

List of new members joined for the year March 2017 – April 2018 (ANNEXURE – C) 5. BUILDING RELATIONSHIPS:

a) Liasoning with Government & Non-Government Organizations: Specific and general problems/issues of Industries & individual members related with IR and HRD were represented at various relevant Government & Non-Government levels, to bring out solutions. 15 - 16 labour queries of members were responded during the year.


b) Interaction meetings:

GEO conducted three (3) interaction meets, where members were provided platform to meet senior Govt. officials and to be in direct touch with them to solve their day-to-day issues.

No. Date Participants Subject

I 09-06-2017 75 EPFO Interaction Meet with Sr. Officials of Regional Provident Fund Organisation, Vadodara

II 22-09-2017

85 Interaction Meet with Board of Apprenticeship Training, Mumbai

III 08-12-2017

98 EPFO Interaction Meet – Linking Aadhar Card with UAN

6. ENRICHING HUMAN RELATIONSHIPS: ♠ Seminars/Workshops/Conferences:

For Senior Executives, Managers and Entrepreneurs the seminars/workshop and Conferences conducted:

No. Date Subject Participants 1. 28-04-2017 Best Industrial Relations – Presentation by

Companies for AIOE National Award 2015-16 96

2. 09-06-2017 EPFO Interaction Meet with Sr. Officials of Regional Provident Fund Organisation, Vadodara

75

3. 20-07-2017 Half – Day Workshop on Contract Labour (Implications, Solutions and Compliances) 41

4. 22-08-2017 36th Annual General Meeting 172 5. 08-09-2017 Evening talk on Small & Family Enterprises

Challenges 25

6. 22-09-2017 Interaction meet with Board of Apprenticeship Training, Mumbai 85

7. 18-11-2017 8th HR Convention 255 8. 08-12-2017 EPFO Interaction Meet - Linking Aadhar Card

with UAN” 98


Best Industrial Relations-Presentation by Companies For AIOE National Award 2015-16

On Friday, 28th April 2017

Distinguished Judges: L-R- Mr. K. O. Shah Ex Add Commissioner of Labour Gujarat State, Mr. Sunil Pathak Vice President – IR ABB India Ltd & Prof. Sameer Pingle Institute of Management, Nirma University

Mr. B P Pant Advisor All India Organisation of Employer’s New Delhi and Mr. Shwetanshu Patel President GEO


The Participants

EPFO Interaction Meet with Sr. Officials of Regional Provident Fund Organisation, Vadodara

On Friday, 9 June 2017

Mr. Viral Kothari Sr. Vice President GEO along with Mr. Jayant Kumar Pandey – RPF Commissioner – I & his Sr. Officers Team

Mr. Jayant Kumar Pandey – RPFC – I Vadodara

Mr. Jay Shankar Prasad Asstt. P. F. Commissioner – Briefing about Pradhan Mantri Rojgar Protsahan Yojana


Half – Day Workshop On Contract Labour

(Implications, Solutions, and Compliances) On

Thursday, 20th JULY 2017

The Audience

Welcome by GEO President Mr. Shwetanshu Patel

Participants

L- R - Mr. Bhupinder Singh Senior Vice President – Human Resource, Reliance Industries Ltd (Vadodara) & Mr. Sanjay Suthar Head – HR/IR, OE & TQM Larsen and Toubro Ltd (Ranoli)


36th Annual General Meeting On

Tuesday, 22nd August 2017

AGM in Progress – L – R Mr. Bhavik Khera - Vice President, Mr. Viral Kothari - Sr. Vice President, Mr. Shwetanshu Patel - President, Mrs. Malti Baad - Executive Director, Mr. Niraj Patel - Hon. Treasurer

Address by Pujya Gnanvatsal Swami of BAPS Swaminarayan Sanstha

The August Gathering


Evening talk On

Small & Family Enterprises Challenges On

Friday, 8th September 2017

Mr. Sudhir Chemburkar Chairman SME Connect Committee and Mr. Sunil Shah – Director of Acros Pvt Ltd

Mr. Sunil Shah sharing successful strategies to run Small & Family Enterprises

Mr. Sudhir Chemburkar -welcoming Delegates


Interactions Meet with Board of Apprenticeship Training, Mumbai

On Friday, 22nd September 2017

Mr. Nikhil Gangde Asst. Director & Asst. Central Apprenticeship Adviser Mumbai explaining the functioning portal of National Apprenticeship scheme to participants

Mr. Bhupinder Singh Sr. VP RIL & Member Governing Body GEO welcoming the Participants

Participants


8th HR CONVENTION HR@ CROSSROADS

Challenges, Imperatives and Talent mandate Saturday, 18th November 2017

L-R Mr. Ashwani Prashara CHRO RIL – Hydrocarbon, Mumbai, Mr. Tribhuvan Kabra Chairman & MD RR Kabel Ltd, Mr. Paresh Saraiya Chairman & MD Transpek Industries Ltd and Mr. Vipul Ray MD Elmex Group of companies & Convener – HR Convention

Lighting of lamp by dignitaries

Opening remarks by Mr. Paresh Saraiya Chairman HR Convention Organising Committee


Mr. J S Prasad – APFC and Mr. Sanjay Rai – APFC – EPFO Vadodara

Mr. J S Prasad – Asstt. Provident Fund Commissioner – Vadodara – Responding to queries raised by members

Mr. Sanjay Rai - Asstt. Provident Fund Commissioner – Vadodara – Solving issues related with linking of Aadhar with UAN

EPFO Interaction Meet – “Linking Aadhar Card with UAN”

On Friday, 8th December 2017


GEOPOINT : Quarterly journal “GEOPOINT” with detailed information regarding recent judgments of labour, cases, Government notifications, news related with labour, statistics, articles and any other information beneficial to members was published as under:-

No. Issue Sponsored by 1. July – Sep - 17 Aims Industries Ltd.

Padra, Vadodara

2. Oct – Nov -17 Gujarat Plug-in Devices Pvt Ltd GIDC Makarpura, Vadodara

3. Dec- Feb - 18 See Linkages Pvt Ltd. Makarpura, Vadodara

GEOPOINTs are sponsored by office bearers.

S/D SHWENTANSHU PATEL

President

S/D VIRAL KOTHARI Sr. Vice President

S/D BHAVIK KHERA

Vice President

S/D NIRAJ PATEL

Hon. Treasurer


GOVERNING BODY

ELECTED MEMBERS:-

1. PRESIDENT Mr. Shwetanshu Patel Director - Operations Aims Industries Ltd Vadodara

2. Sr. VICE PRESIDENT Mr. Viral Kothari Director Gujarat Plug in Devices (P) Ltd Vadodara

3. VICE PRESIDENT Mr. Bhavik Khera Managing Director SEE Linkages Pvt Ltd Vadodara

4. HON. TREASURER Mr. Niraj Patel Partner Neogen Enterprise LLP Vadodara

MEMBERS 5. Mr. Ajay Parikh

Executive Director Axtel Industries Ltd Halol, Panchmahal

6. Mr. Sudhir Chemburkar Director Gujarat Plug in Device Makarpura, Vadodara

7. Mr. Kaushik K Chokshi Proprietor K K Chokshi & Associates Vadodara

8. Mr. Keyur Shah Managing Director Yash high voltage Insul, Pvt.Ltd Halol Vadodara

9. Mr. Yogesh Velani Proprietor Electrodeal Fatehgunj, Vadodara

10. Mr. P. A. Patel Executive Director Patel Furnace & Forging Makarpura, Vadodara

11. Mr. Rajesh Shah Proprietor HMP Consultancy Makarpura, Vadodara

12. Mr. Navnit Patel Director Elysium Pharmaceuticals Pvt.Ltd

Padra, Jambusar

13. Mr. D K Sachdeva Executive Director Gujarat Flouro Chemicals Panchmahal

14. Mr. Ashwin Gandhi Director Express Hotels Pvt Ltd. Vadodara

15. Mr. Sunil V Shah Director Acros Private Ltd B-4, Vijay Industrial Estate Padra Road, Samiyala Vadodara

ANNEXURE - A


PAST PRESIDENTS:-

1. Mr. Harsh Patel Director Vadodara Diesel Sayajigunj, Vadodara

2. Mr. Vipul Ray Managing Director Elmex Controls Pvt. Ltd Makarpura, Vadodara

CO. OPTED MEMBERS:-

1. Mr. Y S D Pawar CEO & Founder Specific Management Solutions, Vadodara

2. Mr. Rakesh Chhabra Managing Partner People Process Partner Vadodara

SPECIAL INVITEES:-

1. Mr. Bhupinder Singh Sr. Vice President-HR Reliance Industries Ltd, Vadodara

2. Mr. Prashant Gaekwad Assistant Vice President- HR HNG Float Glass Ltd Halol, Panchmahal

3. Mr. Sanjay Suthar Head – HR/IR, OE & TQM Larsen & Toubro Ltd Ranoli, Vadodara

4. Mr. S K Raijada President Corp. HR &Management. Services Piramal Glass Ltd Sayajigunj, Vadodara

5. Mr. Dattesh Shah Asst. Vice President PI Industries Ltd Vadodara

6. Mr. Sunil Pathak Vice President- IR ABB India Ltd., Vadodara

7. Mr. Rajesh Vaidya Head – Sr. Vice President – HRM Transpek – Silox Industry Pvt Ltd Kalali Road, Atladra, Vadodara


IR/HR SUB COMMITTEE

AWARDS SUB COMMITTEE

SMEs CONNECT SUBCOMMITTEE

1. Mr. Sudhir Chemburkar Elected Member

Chairman

4. Mr.Prashant Gaekwad Elected Member

Member

2. Mr. Rajesh Shah Elected Member

Member 5. Mr. Rakesh Chhabra Co-opted member

Member

3. Mr. Bhavik Khera Vice President

Member

1. Mr. Viral Kothari Sr. Vice President

Chairman

4. Mr. S K Raijada Special Invitee

Member

2. Mr. Y S D Pawar Co-opted member

Member 5. Mr. Sunil Pathak Special Invitee

Member

3. Replacement of Mr. Singh Special Invitee

Member 6. Mr. K. K. Chokshi Elected Member

Member

1. Mr. Harsh Patel Past President

Chairman

5. Mr. Y S D Pawar Co-opted member

Member

2. Mr. Vipul Ray Past President

Member 6. Mr. Sanjay Suthar Special Invitee

Member

3. Mr. Shwetanshu Patel President

Member 7. Mr. Rajesh Vaidya Special Invitee

Member


Member 8. MEMBERS FROM NIRMA UNIVERSITY

ANNEXURE - B


HR CONVENTION SUB COMMITTEE

1. Mr. Vipul Ray Past President

Chairman


Member

2. Mr. Harsh Patel Past President

Member 7. Mr. Niraj Patel Hon. Treasurer

Member

3. Mr. Ajay Parikh Imm. Past President & Elected Member

Member 8.

Mr. Dattesh Shah Special Invitee

Member


Member 9. Mr. Rajesh Vaidya Special Invitee

Member


Member 10. Mr. S K Raijada Special Invitee

Member

11. Mr. D K Sachdeva Elected Member

Member 12. Mr. Sunil Pathak Special Invitee

Member

PROGRAM COMMITTEE


Chairman 3. Mr. S. K. Raijada Special Invitee

Member


Member 4. Mr. Rakesh Chhabra Co –opted Members

Member

5. Mr. Sunil Pathak Special Invitee

Member 6. Mr. Sunil Shah Elected Members

Member


Member

8. Mr. Niraj Patel Hon. Treasurer

Member


March 2017– April 2018

Month Sr. No. Company Name

May 2017 1. Standard Radiators Private Limited 1/12, Industrial Estate, Gorwa, Vadodara

2. Best Valve Chem Pvt Ltd. 706-708 Atlantis Heights Vikram Sarabhai Road Vadodara

3. NEOGEN Enterprise LLP 304, Berry Plaza Akota, Vadodara.

June 2017 4. GOWRIE Research Pvt Ltd. No; 2 B P Estate NH8, Chhani Vadodara

5. ISHAN Equipment Pvt Ltd Survey no 144- 145 N H 8 Sankarda Vadodara

6. APICORE Pharmaceuticals Ltd Block No- 252-253, Padra Jambusar Highway Ta: Padra Vadodara

September 2017 7. Samarth Diamonds Rushikesh Market Visnagar, Mehsana

8. HULIOT Pipe Fittings Pvt Ltd 499/500, Savli, GIDC, Manjusar, Vadodara

9. Rex-Tone Industries Ltd Plot No. 5, GIDC, Por, Ramangamdi, Vadodara

ANNEXURE - C


November 2017 10. Asoj Soft Caps Pvt Ltd Asoj Baroda Highway Vadodara

11. Prakash Chemicals 39/40, Krishna Industrial Estate, Prakash House Gorwa, Vadodara

January 2018 12. Flint Group India Pvt Ltd Plot – 2 Shiv industrial Infrastructure Park Savli, Vadodara

13. Maldeep Catalyst Pvt Ltd Plot no. 2101/02/03 GIDC, Panoli Bharuch.


Minutes of 36th Annual General Body Meeting (AGM) of Gujarat Employers’ Organisation held on Tuesday 22 August 2017 6:30 pm, GRAND MERCURE Hotel Surya Palace, Vadodara ---------------------------------------------------------------------------------------------------- Members present: - 121 representatives from 62 member industries attended the meeting.

President Mr. Shwetanshu Patel chaired the meeting and welcomed the members present.

The agenda points were taken as under:-

1. TO APPROVE MINUTES OF THE PREVIOUS ANNUAL GENERAL MEETING HELD ON 29 SEPTEMBER 2016:

To approve the minutes of the previous Annual General Meeting held on 29 September 2016 the same were circulated to the members of Gujarat Employers’ Organisation within 30 days of holding the same. No comments and suggestions were received.

President Mr. Shwetanshu Patel informed that minutes of previous meeting have been incorporated in Annual Activity Report 2016-17 and sent to the members vide notice no. GEO/11.5/ 519 /17-18 dated 8 August 2017. He said notice was mailed to all members and had been also uploaded on our website: www.geogujarat.com for members’ consideration.

The proposal to approve the minutes of previous Annual General Meeting was put forth by Mr. Sanjay Suthar – Head HR/IR/OE Larsen & Toubro, Heavy Engineering Division, Vadodara and seconded by Mr. Pravin Patel Managing Director – Patel Furnace Pvt. Ltd., Makarpura Vadodara

RESOLUTION

It is resolved that the minutes of the previous Annual General Body Meeting held on Thursday 29 September 2016 of Gujarat Employers’ Organisation, Vadodara, is hereby approved

The above resolution was approved unanimously


http://www.geogujarat.com/

2. TO CONSIDER THE ANNUAL ACTIVITY REPORT OF THE ORGANISATION:

President Mr. Shwetanshu Patel placed before the house the copy of the Annual Activity Report 2016-2017, which had been forwarded to the members of the organization well in advance vide notice no GEO/11.5/ 519 /17-18 dated 8 August 2017. Activity Report was also uploaded on the official website of GEO i.e. www.geogujarat.com

Proposal to approve Annual Activity Report was put forward by Mr. Shatrunjay Patel Director Akshar Precision Tube Pvt. Ltd. Rania, Vadodara and was seconded by Mr. Brajesh Patel Manager – HR R R Kabel Vadodara

.

RESOLUTION

It is resolved that the Annual Activity Report of the activities of the Gujarat Employers’ Organisation, Vadodara, for the period of October 16 -to August 17, is approved unanimously in the Annual General Meeting held on Tuesday 22 August 2017

The above resolution was approved unanimously.

3. TO RECEIVE AND ADOPT AUDITED ACCOUNTS FOR YEAR 2016-2017:

The Audited Accounts Report (2016 -17) was tabled on the floor of house. President Mr. Shwetanshu Patel briefed about the audited Income & Expenses Account, the Balance Sheet as on 31st March 2017 and the Auditor’s Report. Mr. Shwetanshu Patel informed that copies of Audited Accounts were forwarded to all the members of GEO well in advance vide notice no. GEO/11.5/ 519 /17-18 dated 8 August 2017, through mail and was uploaded on GEO website. During the meeting the copies were also made available to the house for consideration Mr. Ajay Parikh Director, Axtel Industries, Halol proposed the following resolution to receive and adopt the Auditor’s Report, Audited Balance Sheet of the previous year and Income-Expenses Account of the previous year. Mr. Satish Ashtakar Vice President Koch Chemical Technology Group India Pvt Ltd Vadodara seconded the proposal.


http://www.geogujarat.com/

RESOLUTION

It is resolved that the Audited Balance Sheet and Income Expenditure Accounts of Gujarat Employers’ Organisation for the year 2016 -2017 (Year ended on 31st March 2017) be approved and adopted, in the Annual General Body Meeting held on Tuesday 22 August 2017

The house approved the resolution as above unanimously.

4. TO RE-APPOINT AUDITORS FOR THE YEAR 2016-2017:

Keeping in view the long association with Mahajan Doshi & Associates Vadodara, President Mr. Shwetanshu Patel suggested considering the re-appointment of the same auditors for the current year i.e. 2017-18. The suggestion was well received and the proposal of continuing the Auditors M/s. Mahajan Doshi & Associates, Vadodara, was forwarded by Mr. Navnit Patel Director Elysium Pharma Padra Vadodara and the proposal was seconded by Yogesh Velani Proprietor Electrodeal Vadodara

RESOLUTION

It is resolved that M/S Mahajan Doshi and Associates, Vadodara, are hereby appointed to audit the accounts for the year 2017 -2018. Their professional fee will be Rs. 7,500 (Rupees Seven Thousand Five Hundred Only) + GST as applicable – for auditing & filing IT returns.

The resolution was approved by all the members present. AGM was followed by a grand function wherein Pujya Gnanvatsal Swami from BAPS Swaminarayan Sanstha was the Guest Speaker. He spoke on SQ – The ultimate intelligence. The talk was well received and appreciated. The meeting ended with vote of thanks by Mr. Niraj Patel Hon. Treasurer of GEO.


INDEPENDENT AUDITORS’ REPORT To,

The Members, Gujarat Employers’ Organisation, Vadodara

We have audited the attached Balance Sheet of Gujarat Employers’ Organisation, Vadodara as at 31st March, 2018 together with the Income and Expenditure Account for the year ended on that date.

Management of Gujarat Employers Organisation is responsible for the preparation of these financial statements that gives a true and fair view of the financial position. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosure in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error in making those risks assessments, the auditor considers internal control relevant to the association preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. We report that 1. We have obtained all the information and explanations which to the best of our

knowledge and belief were necessary for the purpose of our audit. 2. In our opinion proper books of account have been maintained regularly by the

organisation, receipts and disbursements are properly and correctly shown in the Accounts, and the Balance Sheet and the Income & Expenditure account dealt with by this report are in agreement with the books of Account.


S/D Gautam Shah

Partner (Mem. No. F- 116729)

3. In our opinion and to the best of our information and according to the explanation given to us the said accounts read together with the notes attached herewith give a true and fair view.

a) In the case of Balance Sheet of the state of affairs of the Organisation as at 31st March 2017. And

b) In the case of Income and Expenditure Account of the excess of Income over Expenditure for the year ending on that date.

For Mahajan Doshi & Associates

Chartered Accountants

(Registration No.127391W)

Place: Vadodara Date: 4th June 2018


S/D Gautam Shah


GUJARAT EMPLOYERS ORGANISATION BALANCE SHEET AS AT 31st MARCH 2017

PARTICULARS SCH NO. As at

3/31/2018 As at

3/31/2017

SOURCES OF FUND

GENERAL RESERVE A 5,03,200 4,92,670

RENT DEPOSIT 4,50,000 4,50,000

SECURITY DEPOSIT (STAFF) 29,325 3,400

INCOME & EXPENDITURE ACCOUNT B 1,21,50,937 1,00,97,343

BUILDING FUND C 72,93,000 72,93,000

CURRENT LIABILITY D 411 -

TOTAL 2,04,26,694 1,83,36,413

APPLICATION OF FUNDS:

FIXED ASSETS E 40,35,203 44,73,827

INVESTMENTS F 1,39,50,000 1,22,50,000

CURRENT ASSETS & LOANS & ADVANCE G 24,41,489 16,12,586

TOTAL 2,04,26,694 1,83,36,413

As per our report on even date


Chartered Accountants (Registration No 127391 W)

Date: 15th May 2015

For GUJARAT EMPLOYERS ‘ORGANISATION

S/ D S/D President Hon. Treasurer

Place: Vadodara Date: 4th June 2018


GUJARAT EMPLOYERS ORGANISATION INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDING ON 31st MARCH 2018

PARTICULARS CURRENT YEAR PREVIOUS YEAR

INCOME:

SUBSCRIPTION 12,99,747 12,93,743

ADVERTISEMENT INCOME 1,54,700 2,05,000

INTEREST 12,88,033 9,44,263

MISCELLENEIOUS INCOME 4,660 15,628

SEMINAR INCOME 1,08,817 1,70,048

RENT INCOME 13,72,500 13,79,000

HR CONCLAVE - 1,995

HR CONVENTION – 15 - 20,496

AWARD CONTRIBUTION 30,000 -

INTEREST ON TERM LOAN 9,574 -

PROCESSING FEES FOR AIOE 40,000 -

H.R.CONVENTION (PARTICIPATIION

FEES)

7,52,750 6,08,748

H.R.CONVENTION (SPONSORSHIP) 10,40,000 7,26,340

HALL UTILISATION CHARGES 1,48,088 54,326

PMS AWARD CONTRIBUTION 6,000 55,500

MEMBERSHIP FEES (NEW) 61,908 85,646

TOTAL INCOME (A) 63,16,777 55,60,732

EXPENDITURE:

REPAIRS & MAINTENANCE 31,807 97,068

ADDITIONAL REMUNERATION 57,877 53,725

ADVERTISEMENT EXP. 9,600 1,03,500

MEMBERSHIP/AFFILIATION FEES 6,000 6,000

ANNUAL GENERAL MEETING 1,07,434 2,16,732

AUDIT FEES 23,450 15,512

BANK CHARGES 366 92

BOOKS & PERIODICALS 10,482 10,483

CONVEYANCE 21,436 19,486

DISCOUNT 741 -

ESTABLISHMENT OPERATING COST 63,623 39,767

MUNICIPAL TAX 56,995 56,994


S/D Gautam Shah


ELECTRICITY EXPENSE 76,075 64,367

MEETING EXPENSE 8,692 10,143

HALL UTILISATION EXPENSE 8,706 1,604

LEAVE ENCASHMENT 32,880 37,035

H.R.CONVENTION EXPENSE 10,25,717 8,38,584

INTERACTION MEET 8,251 6,703

OFFICE EXPENSE/MISE EXP 12.376 9,095

PMS-AWARD EXP. 2,097 2,320

POSTAGE EXPENSES 38,108 38,197

PUBLICATION EXPENSE 33,500 -

PROFESSIONAL TAX 2,000 2,000

SERVICE TAX 2,32,227 4,65,591

PRINTING & STATIONERY 24,954 40,490

SALARY 16,10,229 14,43,951

SEMINAR EXPENSES 1,36,439 29,655

TELEPHONE/FAX EXPENSES 37,989 47,640

TRAVELLING EXPENSES 20,310 8,482

ZEROX EXPENSES 2,769 1,306

RENOVATION & REPAIRS OF OFFICE 99,453 5,36,652

DEPRECIATION 4,60,000 5,11,662

TOTAL EXPENSE (B) 42,63,183 47,14,836

EXCESS OF INCOME OVER

EXPENDITURES TRANSFERRED TO

BALANCE SHEET (A-B)

20,53,594 8,45,896

As per our report on even date


Chartered Accountant (Registration No 127391 W)

For GUJARAT EMPLOYERS ‘ORGANISATION

S/ D S/D President Hon. Treasurer

Place: Vadodara Date: 27th July 2017


Gujarat Employers Organisation

Schedule Forming Balance Sheet As At 31st March 2018

PARTICULARS As at 31 March 2018

As at 31 March 2017

SCHEDULE: A - GENERAL RESERVE

BALANCE AS PER LAST BALANCE SHEET 4,92,670 4,53,592

ADD: ENTRANCE FEES 10,350 39,078

TOTAL 5,03,020 4,92,670

SCHEDULE: B - INCOME & EXPENDITURE A/C

BALANCE AS PER LAST BALANCE SHEET 1,00,97,343 92,51,447

ADD: EXCESS OF INCOME OVER EXPENDITURE 20,53,594 8,45,896

TOTAL 1,21,50,937 1,00,97,343

SCHEDULE: C - BUILDING FUND A/C BALANCE AS PER LAST BALANCE SHEET 72,93,000 72,93,000

TOTAL 72,93,000 72,93,000

SCHEDULE: D – CURRENT LIABILITY

PROFESSIONAL TAX PAYABLE 411 -

TOTAL 411 -

SCHEDULE : F- INVESTMENTS

KVB TERM DEPOSIT ACCOUNT 66,50,000 1,22,50,000

HDFC TERM DEPOSIT ACCOUNT 73,00,000

TOTAL 1,39,50,000 1,22,50,000

SCHEDULE :G – CURRENT ASSETS & LOANS & ADVANCE

CURRENT ASSETS

CASH ON HAND 7,129 15,858

KARUR VYSYA BANK-4961 7,21 2,17,099

MAINTENANCE DEPOSIT 8,96,000 8,96,000

MGVCL DEPOSIT 57,660 57,660

GAS REFUND DEPOSIT 3,150 3,150

ACCURED INT ON FDR 2,32,822 -

LOANS AND ADVANCES

TDS (A.Y.2012-13) 39,583 39,583

TDS (A.Y.2013-14) 77,577 77,577


TDS – Earlier Years 35,187 35,187

TDS (A.Y.2014-15) 67,079 67,079

TDS(A.Y.2015-16) 51,195 51,195

TDS(A.Y.2016-17) 65,357 65,357

TDS(A.Y.2017-18) 86,842 86,842

TDS (A.Y. 2018-19) 1,57,608 -

OTHER CURRENT ASSETS

DUTIES & TAXES 7,796 -

TOTAL 24,41,289 16,12,586


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GUJARAT EMPLOYERS’ ORGANISATION

A) Significant Accounting Policies:- 1) Bases of Accounting:

The Organisation follows cash system of accounting.

2) Fixed Assets & Depreciation: Fixed assets are stated at written down value less current year’s depreciation, which is provided at the rates and in the manner prescribed under the Income Tax Act, 1961.

3) Entrance fees are transferred to General Reserve 4) Contingent Liabilities

We are informed that there are no contingent liabilities.

Notes on Accounts:- 1) In the opinion of the Managing Committee, the Balance shown under the

current assets have a realizable value in the ordinary course of activities of the organisation at least equal to the amount at which they are shown in the Balance Sheet.

2) No provision for Income Tax has been made as the Organisation being a trade union claims exemption of its Income u/s. 10 (24) of the Income Tax Act.

3) As there are no timing difference between the taxable income and the accounting Income of the Association, Deferred Tax Asset or Deferred Tax Liability, as required by the Accounting Standard-22 pronounced by the ICAI has not been recognized.

For Mahajan Doshi & Associates Chartered Accountant

S/D Gautam Shah

Partner (Mem. No. 116729W)

Place: Vadodara Date: 27th July 2017


Gujarat Employers‟ Organisation (GEO) was conceived in 1979 – 80, with view to

promote solidarity amongst employers and to facilitate cordial relationship between

employers and employees. GEO strives to build amicable work relations, enriches

human skills and attitudes, provides a platform to connect and collaborate, addresses

critical concerns jointly and develops a harmonious industrial environment. These

endeavors ensure the path to progress and prosperity through co-operation. GEO has

focused its aims & objectives to face the new challenges of industry. It has reoriented

itself from Industrial Relation (IR) to Human Resource Development (HRD) so as to

provide expert legal advice and assist in the selection of personnel, training and

development of human resources, acquisition of knowledge, improvement of skills

and efficiency and bringing about a change in work attitudes.

To keep pace with rapid changes around the country, GEO provides services like

Time & Motion studies, Psychometric Tests, Aptitude & Attitude Tests, and

implementation of 5-S, Kaizen, Lean manufacturing & other quality tools.

It also tries to maintain an association of all industries situated within Gujarat, solves

IR issues in lawful and constitutional manner and disseminates useful information

connected with trade and industry acquired through State and Central Governments

and other sources.

GEO is in the service of industrial sector for last 36 years.

$$$$$$$$$$$$$$$$$$$$$

GUJARAT EMPLOYERS’ ORGANISATION


ANNUAL ACTIVITY REPORT · To, ALL MEMBERS, NOTICE For . 37th ANNUAL GENERAL BODY MEETING . Day/Date...

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