Annual Report 2012-2013 - icci cochin

Annual Report 2012-2013

INDIAN CHAMBER OF COMMERCE & INDUSTRY


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INDIAN CHAMBER OF COMMERCE & INDUSTRY POST BOX NO.236, COCHIN - 682002 C(5)/13

September 3, 2013

To Ordinary Members, Affiliated Members & Auditors Annual General Meeting - 26.09.2013 Notice is hereby given that the Annual General Meeting of the Indian Chamber of Commerce & Industry, Cochin will be held on Thursday, the September 26, 2013 at 5.00 pm at its Registered Office at Indian Chamber Road, Mattancherry, Cochin-2, to transact the following business: ORDINARY BUSINESS 1. To adopt the Annual Report of the Committee for the year 2012-2013 and the Audited Statements of Account of the Chamber for the year ended 31.03.2013. 2. To appoint Auditors for the ensuing year and to fix their remuneration (Messrs. Kaimal & Company, Chartered Accountants, Cochin-2, the present Auditors of the Chamber, are eligible for reappointment). 3. To elect a President, a Vice-President and five Committee Members. For Indian Chamber of Commerce & Industry, Sd/K Raghu Secretary Note: A member entitled to attend and vote at the meeting is entitled to appoint another person (whether member or not) as his proxy to attend and vote instead of himself subject to the provisions of Section 176 of the Companies Act, 1956. The instrument appointing a proxy may be in the enclosed Form. Such Form should reach the Registered Office of the Chamber at least 48 hours before the time fixed for the meeting.

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INDIAN CHAMBER OF COMMERCE & INDUSTRY POST BOX NO.236, COCHIN - 682002 C(5)/13

September 3, 2013

To - Ordinary Members - Affiliated Members Dear Sirs, Annual General Meeting - 26.09.2013 Election of President, Vice-President and Committee Members At the Annual General Meeting of the Chamber to be held on September 26, 2013, elections will be held for the posts of President, Vice-President and five Committee Members. Under the Articles of Association of the Chamber, offices of the following persons retire from the Committee. 1. 2. 3. 4. 5. 6. 7. 8.

Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr.

Nishesh Shah A A Abdul Azeez P L Prakash James* Anwar Hashim Baiju Ramachandran Balagopala B Pai Bharat N Khona Divij R Agarwal

: : :

President Vice-President Immediate Past President

As per the Articles of Association of the Chamber, the retiring President automatically finds a place in the reconstituted Committee. Hence elections will be held at the Annual General Meeting to fill up the posts of President, VicePresident and five Committee Members. Nominations are invited from members for the above mentioned seven places. While making the nominations, please note the following: a) The Nomination should be in the enclosed Form b) The Nomination should be proposed by one member and seconded by another member c) In proposing and seconding the Nomination, the authorised representative of the member organisation should sign under the Seal. d) The Candidate should also sign the Nomination Form e) The retiring members are eligible for re-election The Nominations should reach the Chamber Office before 2.00 p.m. on Friday, the September 13, 2013. The Nomination papers will be scrutinised at 2.30 p.m.


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and the list of valid nominations will be displayed on the Chamber Notice Board at 4.00 p.m. on the same day. The last date for withdrawal of nominations will be September 20, 2013, (Friday) upto 4.00 p.m. For Indian Chamber of Commerce & Industry,

*Resigned

Sd/K Raghu Secretary

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Annual Report 2012-2013 ANNUAL REPORT OF THE COMMITTEE FOR THE YEAR 2012-2013

The Committee of the Indian Chamber of Commerce & Industry has pleasure in presenting their Annual Report on the working of the Chamber for the year 20122013. 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 18) 19) 20)

Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr.

Nishesh Shah A A Abdul Azeez P L Prakash James^ Abraham Philip Anwar Hashim Baiju Ramachandran Balagopala B Pai Bharat N Khona Divij R Agarwal G P Goyal# Mahesh N Joshi# P M Muraleedharan* R Mohandas* R Radhakrishna Kamath Raj Kumar Gupta Rajesh Agarwal Rajesh Kumar Agarwal@ Sadiq H Kapasi* V S Pradeep@ Vikash Kumar Singhal*

: : :

President Vice-President Immediate Past President

The following gentlemen were nominated by the Affiliated Associations to represent them on the Reconstituted Committee of the Chamber: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

Mr. T A Kaleelur Rahman Mr. Roy George Mr. P Radhakrishnan Mr. Mahesh N Joshi Mr. Amar Bahadhur Singh Mr. G P Goyal Mr. V F Pious Mr. Anand Kishor Mr. Dharmendra D Vora Mr. P M Premkumar Mr. Rockey C Neroth

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Cochin Coir Merchants' Association Cochin Custom House Agents' Association Cochin Hardware Merchants' Association Cochin Hill Produce Merchants Association Cochin Oil Merchants' Association Cochin Rubber Merchants' Association Grain Merchants' Association India Pepper & Spice Trade Association Tea Buyers Association Cochin Goods Transporters Association Kerala Handicraft Dealers and Manufacturer’s Welfare Association


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*Elected at the Annual General Meeting held on 29.09.2012 for a three year term. @ Co-opted to the Committee on 29.11.2012. # Conveyance of the Affiliated Association to the Committee on 27.12.2012. ^Resigned.

COMMITTEE MEETINGS There were 11 meetings of the Committee during the year under report. SUB-COMMITTEES The Committee of the Chamber at their meeting held on 25.10.2012 reconstituted the various Committees of the Chamber for the year 2012-2013 CIVIC FORUM COMMITTEE Mr. Bharat N Khona Mr. Mahesh N Joshi Mr. R Radhakrishnan Kamath Mr. Rajesh Kumar Agarwal Mr. Balagopala B Pai TRADE FACILITATION COMMITTEE

:

Chairman

Mr. Jasbir Singh Chawla Mr. Anand Kishor Mr. Johny L Malayil Mr. Raj Kumar Gupta Mr. Anwar Hashim

:

Chairman

:

Chairman

:

Chairman

TAXATION COMMITTEE Mr. R Mohandas Mr. Baiju Ramachandran Mr. Manoj Kamath Mr. Nithyananda Kamath Adv. Thomas Michael STAFF COMMITTEE Mr. Mr. Mr. Mr. Mr.

N Radhakrishnan Bharat N Khona Jasbir Singh Chawla Rajkumar Gupta Vikash Kumar Singhal

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MEMBERSHIP DEVELOPMENT COMMITTEE Mr. Baiju Ramachandran Mr. Rajesh Agarwal Mr. Ansif Ashraf Mr. Divij R Agarwal Mr. G P Goyal

:

Chairman

:

Chairman

:

Chairman

NEW INITIATIVES/STRATEGIES COMMITTEE Mr. Anwar Hashim Mr. Vikash Kumar Singhal Mr. Prakash George Mathen Mr. Mahesh N Joshi Mr. Anilkumar N Prabhu Mr. Raj Kumar Gupta FINANCE COMMITTEE Mr. Sadiq H Kapasi Mr. Divij R Agarwal Mr. Balagopala B Pai Mr. Anwar Hashim Mr. Bharat N Khona Mr. Abraham Philip

The President & The Vice President will be ex-officio members in all the above Committees. Chamber's Representatives on Public Bodies: Cochin Customs Advisory Committee :

Mr. Nishesh Shah Mr. A A Abdul Azeez

Cochin Customs Public Grievance Committee

:

Mr. Nishesh Shah Mr. P M Muraleedharan

Cochin Dock Safety Committee

:

Mr. P M Muraleedharan

Cochin Port Anti-Pilferage Committee Cochin Port Users' Committee

: :

Mr. Abraham Philip Mr. Balagopala B Pai

ECGC Co-ordination Committee

:

Mr. Nishesh Shah

Annual Report 2012-2013 Kerala State Productivity Council

:

Mr. Nishesh Shah

Permanent Trade Facilitation Committee

:

Mr. Nishesh Shah Mr. Abraham Philip

Kerala State VAT Consultative Committee

:

Mr. R Mohandas

District Level VAT Consultative Committee

:

Mr. R Mohandas

All India Organisation of Employers

:

Mr. Nishesh Shah

Cochin Port Lease Holders Association

:

Mr. Nishesh Shah

Merchant Navy

:

Mr. Vikash Kumar Singhal Mr. Mahesh N Joshi

DRUCC

:

Mr. Baiju Ramachandran

Vytilla Mobility Hub

:

Mr. Nishesh Shah Mr. A A Abdul Azeez

Headload Workers Welfare Board

:

Mr. Mahesh N Joshi

Director General Foreign Trade

:

Mr. Nishesh Shah Mr. G P Goyal

: : :

President Vice-President Convener

The Committee approved the above. DISHA TRUSTEES 1. 2. 3. 4. 5. 6. 7. 8. 9.

Mr. Nishesh Shah Mr. A A Abdul Azeez Mr. Bharat N Khona Mr. David T Mookken Mr. G P Goyal Mr. R Mohandas Mr. Sadiq H Kapasi Mr. T Vidyasagar Mr. Viswanath Agarwal

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YOUNG MINDS COMMITTEE The following members were elected to the Executive Committee of the Young Minds for the year 2013 -2014, 1. Mr. Sheraz Anwar : President 2. Mr. Ameen Mohammed : Vice-President 3. Mr. Vikash Kumar Singhal : Convener 4. Mr. Manoj M Kamath : Treasurer 5. Mr. Anand Kishor : Honorary Secretary 6. Mr. Pranav Joshi 7. Mr. Anil Kannath 8. Mr. Ifzan Haseeb 9. Mrs. Deepa A Mehta 10. Mr. Sandeep Johnson 11. Mr. Divij Agarwal 12. Mr. Ansif Ashraf 13. Mr. Kunal Sanghani 14. Ms. Nuthan Manohar 15. Ms. Prateeksha 16. Mr. Vikas Agarwal 17. Mr. Jessal Agustine The President will be ex-officio member in the above Committee. RETIRING COMMITTEE MEMBERS At the forthcoming Annual General Meeting, the following Committee Members will retire by rotation. 1. 2. 3. 4. 5. 6.

Mr. P L Prakash James^ Mr. Anwar Hashim Mr. Baiju Ramachandran Mr. Balagopala B Pai Mr. Bharat N Khona Mr. Divij R Agarwal

^ Resigned

MEMBERSHIP At the commencement of the year, there were 567 members on the rolls of the Chamber. There were 40 new admissions, 42 resignation & cessations during the year. Thus, at the close of the year the membership stood at 565.


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ANNUAL SESSION The 115th Annual Session of the Chamber was held at Convention Centre, Hotel Dream, Kadavanthara, on September 12, 2012 at 6.30 p.m. followed by dinner. About 230 delegates attended the programme. The Chief Guest of the session was Mr. Shashi Tharoor, Honorable Member of the Parliament, Govt. of India and the Guest of Honour was Ms. Jennifer A Mclntyre, Consul General, US Consulate, Chennai. The ICCI Export Awards in various categories were presented on the occasion. Memento was presented to the outgoing President of ICCI. Dr. Baiju Ramachandran was felicitated for his Outstanding Interface between Industries & Academics. The hon’ble Member of Parliament from Trivandrum Constituency Mr. Shashi Tharoor, Chief Guest of the session, handed over the ICCI President’s Award to Dr. Baiju Ramachandran. NEW INITIATIVES: ISO 9001 - 2008 Certification: Bureau Veritas carried the audit of the Chamber in two stages and have recommended for the ISO Certification. A specimen approved certificate was handed over to the President on 23rd August. Formalities are being processed for issuance of final certificate. Formation of Young Minds – The Youth Forum of Indian Chamber of Commerce & Industry Members may note that, today’s youth have made their presence felt with their talents; skill and creativity, they have developed their own identity on the National and International arena. In this direction, the Chamber Board decided to form a Youth Forum to nurture and tap the potential budding Entrepreneurs. A separate Bye-Law has been drafted and implemented for the smooth functioning of the Youth Forum. Maritime Arbitration Council: Steps are being taken to set up the counter for Maritime Arbitration Council.

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Twining of Chamber with Kochi, Japan: Mr. Oya Hiroshi, Consultant from Japan, visited the Chamber office on August 31, 2013 and met the President and stressed upon building business relationship with India. MoU with Consulate of South Africa: A MoU is being finalised with the Consulate of South Africa for enhancing the economic and business interest and to do business with them. A delegation of South Africa visited the Chamber on September 3, 2013 and discussed to develop business and trade between two nations.

IN ASSOCIATION WITH FICCI FICCI AGM: The Annual General Meeting of FICCI was held on December 15, 2012 at Federation House, New Delhi which was inaugurated by Dr Manmohan Singh, Hon’ble Prime Minister of India. This was followed by various sessions addressed by eminent public figures including Dr. Shashi Tharoor, Mrs. Sushma Swaraj, Leader of Opposition in Lok Sabha, Mr. Ajit Singh, Mr. Kamal Nath, Mr. Jyothiraditya Scindia and Mr. Anand Sharma Hon’ble Union Ministers. Mr. Nishesh Shah, Mr. Rajkumar Gupta and Mr. S Ramakrishnan represented our Chamber. They had fruitful discussion with many officials of FICCI regarding forthcoming programs. Interaction with FICCI Officials: The Secretary General, Dr. A Didar Singh and Director General, Dr. Arbind Prasad addressed the Chamber Members at an interactive meeting held at the Chamber Hall on January 7, 2013. Issues pertaining to trade were discussed at the meeting.


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FICCI-FSSAI Harmonisation Programme: Workshop on Harmonization of India’s Food Standards with CODEX Standards and other International Best Practices was held in association with FSSAI and FICCI on March 11, 2013 at Hotel Avenue Regent, MG Road, Ernakulam. About eighty delegates participated. Mr. P. Karthikeyan, Asst Director, FSSAI New Delhi and Ms. Padmaparna Dasgupta, Director, CIFTI-FICCI led the program. Mr. Nishesh Shah, President welcomed the gathering. FICCI Southern Region Conference: FICCI interactive meeting with southern region members was held on July 22, 2013 at Bengaluru. Apart from the interactive meeting, there were useful sessions on Governance and Indian Economy. Panel Discussion on India’s Competitiveness on World IT Map @2020 and Meeting with Hon’ble Chief Minister of Karnataka was also arranged during the session. President Mr. Nishesh Shah and Secretary Mr. K Raghu attended the conference. FICCI Workshop on ATA Carnet: Your Visa for Temporary Export/Import of goods between International borders. A FICCI workshop on ATA Carnet was organised on August 23rd 2013, at Gateway Hotel, Ernakulam with Co Partners Indian Chamber of Commerce & Industry, Cochin and Sea Food Exporters Association of India (Kerala Region). Mr. George Muthoot, Chariman, FICCI Kerala Chapter, gave the Welcome address. ICCI President, Mr. Nishesh Shah, gave the opening remarks. Mr. K N Raghavan, Commissioner of Customs, Kochi delivering the inaugural address at the workshop expressed that the exim community and traders should use the ATA Carnet facility promoted by FICCI. He said the ATA Carnet is a temporary admission document which simplifies the customs procedures and clearances in a foreign country, without paying duty or a bank guarantee for temporary import into that country. Like a passport for goods, the ATA Carnet allows goods to enter any of the participating countries for up to one year. An ATA Carnet holder can avoid customs declaration

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and do away with security deposit or guarantees. In India, FICCI is the sole national guarantor for ATA Carnets. Mr. Satish Kumar Reddy, Director (ICD), CBEC, Ministry of Finance, touched upon the important aspects of ATA Carnet, its benefits and legal aspects. Mr. Jagadish Singh, Commissioner of Central Excise and Service Tax also urged the trading community to utilize the ATA Carnet facility for their international business transactions whenever required. Mr. Nirankar Saxena, Senior Director, FICCI, made a presentation on ATA Carnet and its benefits.

Affiliated Associations The Tea Buyers Association: The President and the Secretary attended the Annual Session of the Tea Buyers Association held at Hotel Fort Queen, Cochin. A meeting was held with the office bearers of Tea Buyers Association, to understand issues, if any, faced by them and to discuss ways and means to provide meaningful services for mutual benefit. TBA President Mr. Dharmendra D Vora, Vice-President Mr. Krishnakumar J Shah and Honorary Secretary Mr. Musthafa Moosa attended the meeting with the President and the Secretary of the Chamber. The Cochin Hill Produce Merchants' Association: In an effort to improve working relations with the Affiliated Associations, a meeting was held with the office bearers of Affiliated Associations. In this regard, the President and the Secretary held discussions with the Cochin Hill Produce Merchants’ Association. Messrs. Mahesh N Joshi, President, Bakul Shah, Vice President and Anand Kishor, Secretary participated. The President Mr. Nishesh Shah attended the Annual Session and offered felicitations. The Cochin Coir Merchants Association: A meeting of the Office bearers of the above association was held. M/s Kaleelur Rahman, President, Chetan Joshi, Secretary and Bhupen Meishri attended the meeting.


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DISHA AGM The AGM of DISHA was held on November 27, 2012 and a new Board of Trustees were elected. The amendments to the Trust Deed of DISHA were ratified by the Committee. DISHA Annual day was celebrated on March 26, 2013 at the Chamber Hall. Messrs Nishesh Shah, Bharat N Khona, and Dileep Mehta spoke on the occasion. The Meeting was followed by variety entertainments by the Students of DISHA.

SEMINARS & WORKSHOPS Seminar on Intellectual Propriety Rights: A seminar on Intellectual Property Rights was organised in association with Institute of Cost and Works Accountants, on November 17, 2012. Chief Regional Manager of Indian Overseas Bank, Mr. C Haridas inaugurated the Seminar. Dr. Baiju Ramachandran, Director, ICCI, Mr. H Padmanabhan, Secretary, SIRC and Mr. S Harihara Subramanian, Past Chairman, of SIRC spoke. Senior IPR Consultant Mr. Venugopalan Nair made the presentation. VISA procedures to USA: Officials from US Consulate, Chennai including Michael Cathey, Heather Smith – Vice Consul and Ms. Vidya Bridget Nanthankumar– Coordinator, Consular Information Unit addressed an interactive meeting held at the Chamber Board Room on December 10, 2012 and made a presentation on the latest procedures in obtaining Visa. Seminar on The 500th year of Arrival of Jews in Cochin: A Seminar was held in association with IFCHAT at the Indian Chamber Hall on March 7, 2013. Mr. Cyriac Joseph, Retd. Judge, was the Chief Guest. Mr. Dominic Presentation, MLA, Mr. Cyril George, Secretary, Cochin Port Trust, and others spoke on the occasion. Mr. Austin Paul, President, IFCHAT presided. Mr. Nishesh Shah, President of the Chamber delivered the keynote address

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and Mr. Abdul Azeez, Vice President proposed vote of thanks. Mrs. Queenie Hallegua, the daughter of Mr. S Koder and Mrs. Sarah Cohen, oldest living Jew in Mattancherry were honoured. Seminar on Practical Aspect of Foreign Trade Policy: ICCI-Tvm office in association with Federation of Indian Exporters Organisation (FIEO) – Kerala Chapter organised a seminar on “Practical aspects of Foreign Trade Policy with special emphasis on incentive schemes, procedures & obligations” at Hotel ResidencyTower, Statue, Trivandrum on April 8, 2013. FIEO Chairman (Southern Region) Mr. Walter D’Souza inaugurated the seminar. Chamber Director Dr. Baiju Ramachandran delivered the welcome address. FIEO Director (Southern Region) Mr. K.Unnikrishnan introduced the theme. Prof. K.R.Nath of Indus Business Academy, Bangalore was the resource person. The seminar covered all the schemes available under FTP, its better utilization, procedures, fulfillment of export obligations etc. Seminar on Copyright and Internet Laws: ICCI-Tvm office organised a seminar on the topic "Copyright & Internet Laws for daily life and business" at Attingal Govt. College Auditorium, Trivandrum on April 27, 2013. Indian Chamber Director Dr. Baiju Rama-chandran presided over the inaugural session and Attingal Bar Council President Adv. Faizy inaugurated the programme. IPR Attorney Adv.S.Venugopalan Nair took the sessions. A backgrounder was released in the inaugural workshop. The first copy was received by the Asst. Professor (Commerce) of Attingal Govt. College Prof.V.S. Joy from Adv.S. Venugopalan Nair. Nearly 90 people participated in the seminar. Presentation on ‘Opportunities for Higher Education in the USA: The Indian Chamber organised an interactive session on the Opportunities for Higher Education in USA in association with USIEF, Chennai on May 8, 2013. Dr. Srilakshmi Ramakrishnan made the presentation. President Nishesh Shah welcomed the gathering and Mr. Abdul Azeez, Vice President proposed vote of thanks.


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Workshop on Disciplinary Procedure & Domestic enquiry: ICCI-Tvm partnered with Inspire Management Consultants for organising a one day workshop on ‘Disciplinary Procedure & Domestic Enquiry’ which was held at Hotel Highland Park, Trivandrum on May 22nd, 2013. The workshop was inaugurated by Management Guru and Former Professor of Loyola College of Management Prof.TSN Pillai by lighting the traditional lamp. Adv.K.Yesodharan, Chief Consultant, Inspire Management Consultants presided over the inaugural session. Indian Chamber Director Dr. Baiju Ramachandran offered felicitations. Technical sessions were led by Adv.Yesodharan, Adv.Anil Narayanan and Mr. Sasikumar. S. The workshop covered the theoretical and practical aspects of disciplinary procedure, Indian laws on discipline, preparation of charge-memo, its basic ingredients, domestic enquiry under labour laws, role of presenting officer etc. About 30 delegates attended the workshop. Chamber of Commerce Awareness Programme: ICCI-TVM office with the support of Bhashaposhini (a social organization) organized an awareness programme to the selected school students on the topic ‘Role of Indian Chamber of Commerce for Business Development’ on June 23, 2013. This program was meant to create the visibility and awareness about the Chambers of Commerce particularly about ICCI among the school students. Mr. Deepak Jijo was the faculty of the awareness program. Recent Amendments in Company Law: Chamber Director Dr. Baiju Ramachandran was invited by the UGC-Academic Staff College, Trivandrum to give an orientation programme to teachers of University and Colleges on June 28, 2013 at their premises. Inauguration of Raj Law Consultancy: On July 1, 2013, ICCI Director Dr. Baiju Ramachandran inaugurated the new office of M/s. Raj Law Consultancy on its 10th Annual Day by lighting the traditional lamp. During the programme, Dr. Baiju

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Ramachandran released a publication on FDI compiled by Adv.Simi Raj by handing over to Adv.S.Pallichal Aswakumar. Challenges & Opportunities for New Entrepreneurs & MSMEs in India: On July 6, 2013, ICCI-Tvm organised a panel discussion on "Challenges and opportunities for new entrepreneurs and MSMEs in India" at Kariavattom Campus of Kerala University. Dr. Simon Thattil, Commerce Professor of Kerala University delivered welcome address. Indian Chamber Director Dr. Baiju Ramachandran was the moderator of the discussion, who introduced the expert panel and the theme. Expert panel included Mr. M N Chellappan, Managing Director, Clean Plus Apparel Industries Pvt. Ltd, KINFRA Park, Mr. Vinod Narayanan, Director, Pargon BioMedicals Pvt. Ltd, Technopark, Mr. Suveen S.V, CEO, AtelierTech IT Services Pvt. Ltd, Technopark, Olga Richards, Chairman & Managing Director, Kerala Gooseberry Hills Ayurveda Health Resorts Pvt. Ltd, Trivandrum, and Adv.S.Venugopalan Nair, Corporate Lawyer and IPR Attorney. After the deliberation by the experts on the topic, various issues, problems and remarks raised by the participants were clarified by the panelist. Technopark Visit – cum - Business Incubator Awareness Programme: On July 7, 2013, ICCI-Tvm arranged a visit to Technopark and organised Technopark Business Incubator Awareness Programme. Mr. Sreejith, Assistant Manager (Business Incubator & CSR Initiatives), Technopark welcomed the participants and explained various facilities offered by the Technopark to the start up entrepreneurs. He also made a power point presentation about various support and assistance extended by the Business Incubator of Technopark such as infrastructure support, technology/ prototype development support, research assistance, finance assistance, business consulting assistance etc. At the end, Indian Chamber Director Dr. Baiju Ramachandran proposed vote of thanks to Mr. Sreejith and his team.


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Discussion and Debate on Present Work Culture – Trends, Issues & Solutions: On July 13, 2013, ICCI-Tvm office organised a discussion and debate on the topic “Present Work Culture – Trends, Issues & Solutions” at Biverah Hotel & Suites, Thiruvananthapuram. Indian Chamber Director Dr.Baiju Ramachandran welcomed the dignitaries and introduced the topic. Shri.Sukumaran IAS presided over and moderated the discussion and debate. After detailed deliberations, it was decided to organise a capacity building training programme at Trivandrum for the young professionals to address various issues of present work culture. Seminar on Intellectual Property Rights: A seminar on IPR was held at Hotel Abad Plaza, Ernakulam on July 18, 2013 in association with U.S. Commercial Service. Ms. Kalpana Reddy, the First Secretary for Intellectual Property, Embassy of United States of America and Advocate S Venugopalan Nair, IP Consultant and IPR Counsel to Toonz Group, Technopark, Trivandrum, were the speakers. Eminent people from IT, Media and various other sectors attended the seminar. It was followed by Q&A Session. Mr. Nishesh Shah, President ICCI, presided over the meeting and welcomed the gathering and Mr. A A Abdul Azeez, Vice President ICCI proposed Vote of Thanks. A Presentation on Development of Tourism in Mattancherry: A presentation on Development of Tourism in Mattancherry was organised by District Tourism Promotion Council in association with the Indian Chamber at the Chamber Hall on July 22, 2013. Mr. A A Abdul Azeez, Vice President of ICCI Presided over the meeting and delivered the welcome address. Mr. U V Jose, Additional Director, Dept. of Tourism, Mr. Dominic Presentation, MLA, Mr. K J Sohan, Chairman, Town Planning Standing Committee and Mr. T K Ashraf, Chairman, Health Standing Committee also addressed the gathering. Mr. N Ramaswamy, Professor, Dept. of Architecture, led the presentation on Cultural Heritage of Mattancherry. It was proposed to form a subcommittee for the development of tourism in Mattancherry. Vice President during

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the meeting extended the support on behalf of Chamber in taking up this project forward. Mr. Bharat N Khona, Director proposed the Vote of thanks. One Day Seminar on Sexual Harassment at the workplace: On July 23, 2013, ICCI-Tvm in association with Inspire Management Consultants jointly organised a one day seminar on Sexual Harassment of women at the workplace at Hotel Highland Park, Trivandrum. The seminar was inaugurated by Hon’ble Justice D.Sreedevi. The seminar covered all aspects of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013” such as constitution of internal compliance committee, local compliance committee, complaint mechanism, inquiry into complaint, duties of employer, duties and power of district officer, third party harassment, importance of awareness etc. A group discussion was also organised along with the seminar about how to implement the law in various organizations. As per the new legislation, it is the duty on the part of every employer to comply with the various provisions of the Act in order to prevent, prohibit and redressal of complaints of sexual harassment of women at the workplace. Indian Chamber Director Dr. Baiju Ramachandran, Chief Consultant of Inspire Management Consultant Adv.K.Yesodharan, Prof.T.S.N.Pillai and Adv.S.Venugopalan Nair participated in the seminar. One Day Seminar on Value Added Tax: On August 21, 2013 ICCI-Tvm in association with Kerala Vyapari Vyavasyi Ekopana Samithi and Cosmopolitan Association of Professionals organised a one day seminar on “Value Added Tax” at Hotel Highland Park, Trivandrum. The seminar was inaugurated by Shri. A.Ajit Kumar IAS, Secretary to Govt. of Kerala (Commercial Taxes Dept). ICCI Director Dr. Baiju Ramachandran presided over the inaugural session. CAP Chairman Dr. K.Thulasidharan Nair delivered welcome address and CAP Treasurer Mr. P.Elango proposed vote of thanks. Classes were handled by Dr. N.Ramalingam, Associate Professor of Gulathi Institute of Finance and Taxation and Mr. Thyagarajan, IT Expert in Kerala Commercial Tax Department, Govt. of Kerala. Sessions covered on various aspects of VAT with special emphasis on e-Registration, e-Filing and ePayment. The popular media namely Malayala Manorama, Mathrubhoomi, Kerala Kaumudi, Desabhimani, The Hindu, Indian Express, Business Line, Asianet etc. covered the seminar.


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VISITS OF FOREIGN DIGNITARIES Ms. Judie Reinke, the Minister Counsellor of US Embassy, New Delhi: A reception was hosted by Ms. Judie Reinke, the Minister Counsellor of US Embassy, New Delhi at Hotel Le Meridien. The W’shipful Deputy Mayor, Smt. B Bhadra, was the Chief Guest. The officials from the US Embassy presented the Certificate of Appreciation to the Indian Chamber. Messrs. Abdul Azeez, Vice President, Raj Kumar Gupta, Committee Member and S Ramakrishnan, Secretary attended the function. B2B meetings were held at the Hotel Le Meridien on February 6, 2013.

Swiss Consul General, Mr. Rols Frei The Swiss Consul General, Mr. Rols Frei visited the Chamber and held discussion on wide ranging topics of mutual interest with the President on March 5, 2013.

Interactive Business Meeting with US Commercial Service Delegates The ICCI organized a business meet with the delegates of U.S Commercial Service at Mascot Hotel, Thiruvananthapuram on June 5, 2013. Dr. Baiju Ramachandran, Director welcomed the delegates and Mr. Nishesh Shah, President of the Chamber formally inaugurated the programme and explained the support given by the Chamber to the public through ABC (American Business Corner) at Kochi & Thiruvananathapuram. Mr. James Golsen, Commercial Consul (South India) , U S Consulate introduced Consulate team and explained the initiatives of ABC in India. Mr. Christopher Rose, Vice Consul (South India) addressed about the Visa formalities etc.. Mr. Nishesh Shah and Mr. James Golsen clarified all the queries raised by the participants. Mr. Sham Shamsudeen, Commercial Specialist, U.S consulate proposed Vote of Thanks.

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Meeting with Mr. Hemin Bharucha, Director – Scottish Development International Mr. Hemin Bharucha, Director West and South India (IT & Engineering), Scottish Development International visited the Chamber on August 13, 2013 and discussed the prospects of joining hands with the Chamber. Breakfast Meeting with Mr. Earnest Bower, US Foreign Policy Expert: A breakfast meeting was held with Mr. Earnest Bower, a Senior Adviser and Sumitro Chair for South East Asia Studies and Co – Director of the Pacific Partners Inititative at the Center for Strategic and International Studies, on August 17, 2013 at Koder House, Fort Kochi. He expressed surprise over India’s seeming reluctance to cash in on its shared culture and heritage with South East Asian countries. He mentioned how crucial it is for the US to develop ties with the Association of South East Asian Nations (ASEAN) and countries like India. He said India is big market. But unfortunately, it does not have a holistic national business plan. He said the US has not given up on India. He said doing business in India or Indonesia is like doing business in California, where you have to know the Central Govt., State Govt., the Municaplity, NGO’s etc and all the rules therein. Mr. Nishesh Shah, President ICCI welcomed the gathering and Mr. Abdul Azeez, Vice President proposed the Vote of Thanks.

CENTRAL / STATE GOVERNMENT / CORPORATION

Symposium on Environment: Global Ocean, a NGO organised a Symposium on Protecting environment from the perils of plastic waste at Hotel Fern, Ernakulam on October 10, 2012. Mr. Hiby Eden, MLA inaugurated the program presided over by Ms Bhadra, Deputy Mayor. The Chamber was represented by the President Mr. Nishesh Shah and Secretary Mr. S Ramakrishnan. Meeting on Social Projects: A meeting was convened by the Hon’ble Minister for Social Works at Hotel Mascot, Trivandrum on October 15, 2012 to discuss about member bodies allocating some


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portion of the profits for Social Projects. Dr. Baiju Ramachandran, Director attended the meeting on behalf of the Chamber. Pravasi Bharatiya Divas: President Mr. Nishesh Shah, Vice-President Mr. A A Abdul Azeez, Mr. G. P. Goyal and the Secretary Mr. S Ramakrishnan, attended the program as delegates of the Chamber. The function was organized by the Ministry of Overseas Indian Affairs in association with Kerala Government from January 7, 2013 till January 9, 2013. Meeting at Vytilla Mobility Hub: The Vice President and the Secretary attended a presentation on the development of the second Phase of the Vytilla Mobility Hub held at their office on April 3, 2013. Meeting on National Highways: The President attended a meeting held at KMA office to discuss about the parameters to be suggested for National Highways in the Kerala State on April 3, 2013 Meeting with GCDA officials: On April 11, 2013, the Vice President and the Secretary attended the Meeting convened by GCDA Chairman to discuss about developmental projects undertaken by the GCDA. Webinar with Finance Minister: The program titled ‘Dhanamanthri Kanmumbil’ was organised on May 14, 2013 with the Hon’ble Finance Minister’s office in Trivandrum. The President and the Secretary of the Chamber participated in the program.

UNION BUDGET Union Budget was presented in the Lok Sabha by the Hon’ble Finance Minister Mr. P Chidambaram on February 28, 2013. The reactions of the Chamber were issued by way of a Press Release. Dr Baiju Ramachandran participated in a TV program organised by Mathrubhoomi Channel related to the Budget. The Indian Chamber in association with the Times of India presented the analysis of Union Budget on March 1, 2013 at Hotel Gokulam Park Convention Centre, Kaloor,

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Cochin. Mr. Bibek Debroi, renowned economist, Mr. T K Arun, Senior Editor, Economic Times, New Delhi and Mr. Shyam Srinivasan, Managing Director and CEO of Federal Bank spoke about the Budget. The President of the Chamber proposed vote of thanks. A post budget discussion on Union Budget was also organised by Indian Chamber on Union Budget 2013 on March 10, 2013 at Hotel Regency, Thiruvananthapuram. Chamber Director Dr. Baiju Ramachandran and Chartered Accountant Mr. Subramoniya Sarma led the discussion. STATE BUDGET Mr. K M Mani, Hon’ble Minister for Finance, Government of Kerala presented the Annual Budget for the State of Kerala on March 15, 2013. The reactions of the Chamber were issued by a press release. Earlier on February 22 nd, 2013 Dr. Baiju Ramachandran attended the meeting on the State Budget called by Mr. K M Mani, Hon’ble Minister for Finance.

TRAINING /EDUCATIONAL Interaction with MBA Students of MACFAST: On October 17, 2012, a team of 53 students of the first year of MBA course from MACFAST Institute visited the Chamber along with three faculty members including Directors. Mr. Prakash James, Dr Baiju Ramachandran, Mr. Anwar Hashim and Mr. V R Parameswaran of RBG Commodities Ltd. addressed the students on Entrepreneurship and other aspects of Business. Mr. Nishesh Shah, President welcomed the students and Mr. Ramakrishnan, Secretary proposed vote of thanks. Entrepreneurship Development Training on Confidence Building: ICCI-Tvm office organised an Entrepreneurship Development Training on Confidence Building at Hotel Statue, Tvm on April 20, 2013 for young and potential entrepreneurs. The training programme was inaugurated by Advocate M. Manoharan Pillai, Director of North Malabar Grameen Bank and Chairman of Kerala


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Forest Development Corporation. Indian Chamber Director Dr. Baiju Ramachandran delivered the presidential address. Resource Person Mr. Vinod Narayanan led the training Panel Discussion on “Plus Two. Next to?” in association with Kaumudi TV Channel: On May 24, 2013 ICCI-Tvm in association with Kaumudi TV channel organised a panel discussion on “Plus Two. Next to?” at Hotel Ruby Arena, Trivandrum. The full programme was covered by Kaumudi TV Channel to telecast through their media in four episodes. Indian Chamber Director Dr. Baiju Ramachandran was the moderator of the programme. Expert panelists included Dr. D Babu Paul IAS, Mr. G Vijayaraghavan, (Planning Board Member and Founder CEO of Technopark), Dr. B Ashok (Vice Chancellor, Kerala Vetenary University), Dr. Achuth Shankar S Nair (Director of Centre for Bio-Informatics), Prof. Narayanan (Teacher of IAS Topper Haritha V.Kumar), Prof. Hariharan (Director, Research & Development, Corgentz, Mr. Shiji (Academic Head, Rajadhani Institute of Hotel Management) and Dr. Manoj A S (Head of MBA Dept, Rajadhani Group of Engineering). In the panel discussion, the queries raised by the students and parents were answered by the panelists. Training on Workplace Skills: On August 3, 2013, ICCI-Tvm in association with the Academy of Innovative Studies organised a One Day Workshop on Workplace Skills in the name of “Smart Professional.” This Capacity building programme for members and professionals was inaugurated by Adv.R.V.Rajesh, Chairman, Kerala State Youth Commission, Govt. of Kerala. Chamber Director Dr. Baiju Ramachandran presided over the inaugural session. Mr. Vinod Narayanan (Technopark) and Mr. S.Sreenath (Academy of Innovative Studies) were the resource persons of the programme. Topics covered included how to become a smart professional, how to work independently with minimum supervision, how to frame our own vision and goal, how to manage time, how to increase communication skill, how to manage generation gap, how to use technology, how to identify the areas of improvement etc.

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Cochin Port / Central Excise & Customs Cochin Port Dock Safety Committee Meeting: The Chamber was actively involved in the Port activities. Vice President, Mr. Abdul Azeez, and the Secretary participated in the various meetings held at the Port, convened by the Safety Officer, Cochin Port Trust. Board Meeting of WIPY: Mr. Nishesh Shah, President attended the various Board Meeting of Willingdon Island Parking yard. PTFC Meeting, Regional Advisory Committee & Public Grievance Committee Meeting: President Mr. Nishesh Shah attended the various Permanent Trade Facility Committee Meeting, Regional Advisory Committee Meeting and Public Grievance Committee Meeting held at Customs House, Cochin. Sensitization program at Customs House: A workshop on reporting of trade related data was held on February 14, 2013 at the Custom House addressed by officials of DGCIS and Customs Commissioner. The Secretary attended the workshop on behalf of the Chamber. Meeting of Trade Bodies: The President and the Vice President attended the meeting held at the Cochin Chamber to discuss about declaring Cochin Port Trust as Essential Services.

MEETINGS WITH VARIOUS INSTITUTIONS/ BODIES: The District Level VAT Consultative Meeting: The District Level VAT Consultative Meeting known as Dealers Friendly Meeting was convened by the Deputy Commissioner of Commercial Taxes at DC Office, Mattancherry every month. Mr. R Mohandas and the Secretary attended the meeting on behalf of Chamber.


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Meeting with CGTA: A Meeting with the office bearers of Cochin Goods Transporters Association was held in the Chamber to understand any issues faced by the Association and to share views on Chamber’s Activities. The President and the Secretary of the Chamber met the President of CGTA. OTHER EVENTS & HAPPENINGS Seminar on Commodities and Future markets: A Seminar was organised by Times Group and MCX Exchange to discuss about trends in Commodity Futures at Hotel Fern, Ernakulam on November 10, 2012. President Mr. Nishesh Shah was one of the Panellists’ in the discussion. Meeting called by Chief Secretary, Industries: On October 15, 2012, Dr. Baiju Ramachandran, Director of the Chamber attended the meeting called by the Chief Secretary, Industries at Mascot Hotel, Trivandrum. The meeting was called for securing support from the Chambers and Industries Association for a fund which is going to be set up by the Kerala Social Security Mission. Book Release Function: On January 18, 2013, President Mr Nishesh Shah received the first copy of the book titled ‘Ente Kochi – Ente Keralam’ written by Mr P.M. Muraleedharan, Past President of the Chamber, from the Chief Guest Prof M.K. Sanu Master. Dr K N Raghavan, Commissioner of Customs presided over the function held at the Indian Chamber Hall. Talk by Brahmakumaris Foundation: The President was the Chief Guest at a function organised at the Dariasthan Temple Hall which was addressed by yogis from Brahmakumaris on January 25, 2013 Republic Day Celebrations: On 26th January, 2013, The President hoisted the National Flag at the Indian Chamber premises and also at the Children’s Park at Chullikkal. M.K Mehta Memorial Essay competition was held for the School Students at the Indian Chamber.

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Flowershow, Fortkochi: The President Mr. Nishesh Shah and the Vice President Mr. A A Abdul Azeez participated in a meeting with the Cochin Horticultural Forum on 16th January, 2013 on organizing a Flower Show at Fort Kochi during the month of February. It was decided that Chamber would involve as joint organizer with the above forum. The President, Vice President, Secretary and Past President Mr. T Vidyasagar would represent the Chamber. On February 22nd 2013, The Flowershow at Fortkochi was inaugurated by Prof K V Thomas, Hon’ble Union Minister. Mr. Dominic Presentation, MLA presided over the function and our President offered felicitations. Investor Awareness Programme: On January 29, 2013 Dr. Baiju Ramachandran, Director of the Chamber participated in an investor awareness programme organised by the ICSI with the aid of Ministry of Corporate Affairs, Govt. of India at Bank Association Hall, Thiruvananthapuram. Vyavasayi Sangamam: On January 30, 2013 Chamber officials participated in “Vyavasayi Sangamam” organised by Kerala State Small Industries Association (KSSIA) at Thiruvananthapuram. SME Summit: An SME Summit in association with Silicon India was held at Hotel Avenue Regent, M G Road, Ernakulam on February 27, 2013. Our President was one of the moderators in the discussion that followed. Protest against hike in Stamp duty in AOA & PD: In the budget of Govt. of Kerala, Stamp duty on Articles of Association was increased from Rs. 1,000 to Rs. 10,000 and for Partnership Deed from Rs. 1,000 to Rs. 5,000, whereas in our neighboring States the duty is only Rs. 300/-. On March 20, 2013, Dr .Baiju Ramachandran, Director gave a press note to the media stating that the proposed increase would adversely affect the entrepreneurship development. He on behalf of the Chamber requested the Hon’ble Finance Minister to review the matter.


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Seminar on Entrepreneurship organised by Institute of Parliamentary Affairs: Dr. Baiju Ramachandran, Director participated in the inaugural function of the National Seminar on The Role of Media in Stimulating Youth Entrepreneurship organised by Institute of Parliamentary Affairs, Govt. of Kerala at Trivandrum Govt. Guest House on March 22, 2013. Hon’ble Minister for Rural Development and Cultural Affairs Mr. K.C.Joseph inaugurated the function. International Seminar on FDI organised by Kerala University: Dr. Baiju Ramachandran, Director participated in the two day international seminar on Foreign Direct Investment organised by Kerala University on March 23, 2013. About 500 delegates from various parts of the globe participated. A farewell to Dr. K.Sasi Kumar from the post of Director, School of Business Management & Legal Studies was also convened on March 24, 2013 along with the seminar. Workshop on Thought Process Re-engineering: Dr. Baiju Ramachandran, Director, ICCI, attended the workshop on ‘Thought Process Reengineering’ organised by Kerala Kaumudi in association with Bramma T&D at Hotel Residency Tower, Statue, Trivandrum on April 6, 2013. Presentation of Kerala State Business Excellence Awards: The Indian Chamber in association with Cochin Herald organised a function to present the Kerala State Business Excellence Awards in various categories at Hotel Crowne Plaza on April 27, 2013. Mr. Nishesh Shah, President delivered the keynote address during the inaugural session and Mr. Abdul Azeez, Vice President, proposed vote of thanks. A Cheque for Rs. 10,000/- was given to DISHA. Presentation on Sustainable Agriculture & Waste Management: Alliance Francaise De Trivandrum celebrated May 2013 as ‘Sustainability Month’. As part of the celebrations, Indian Chamber member from Trivandrum Ms. Olga Richards made a presentation on the topic “Sustainable Agriculture & Waste Management” in association with Thanal and Agastya Parva Ayurveda on May 25, 2013. International Conference on Responsible Investment, Governance & Reporting: Dr. Baiju Ramachandran, Chamber Director participated in International Conference on Responsible Investment, Governance and Reporting organized by the ICSI and NFCG (National Foundation for Corporate Governance) from 17.06.2013 to

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24.06.2013 at CZECH REPUBLIC. All the expenses in connection to his participation were met by him personally. Investor Seminar: Dr. Baiju Ramachandran, Indian Chamber Director attended the investor seminar organised by Doha Brokerage & Financial Services (DBFS) and Mini Muthoot on July 15, 2013. Mr. Prince Mathew, Managing Director of DBFS and Dr. Roy M Mathew, Chairman of Mini Muthoot addressed the participants. Independence Day celebrations: On 15thAugust, 2013, The President hoisted the National Flag at the Indian Chamber premises and also at the Children’s Park at Chullikkal. A personality Development programme was conducted at the Chamber Hall. Mr. Sandeep K of Glow Minds Training Consultancy Pvt. Ltd led the class on the topic -The Winning Edge. ICCI-Tvm celebrated Independence Day at Mental Hospital, Oolanpara, Trivandrum in association with the Rotary Club of Trivandrum. PUBLICATIONS RELEASED The many advantages offered by printed publications make them one of the most used communication tools in outreach campaigns. Hence, keeping in view the developments taking place and with a view to modernize the regulations, we, at the Indian Chamber of Commerce & Industry, with the help of experts, made attempts to compile and collate the data/material for ease of reference and understanding. Such publications of materials are useful not only for our members but also for other stake holders. We strongly believe that our publications/backgrounders released were handy educational tools that remain with the target audience for future reference and consultation. ICCI-Tvm has taken initiative to release the following publications: 1. 2. 3. 4. 5. 6.

Seminar Backgrounder on Intellectual Property Rights (17.11.2012) Highlights of Union Budget 2013 (10.03.2013) FDI Policy in Multi Brand Retail Trading (15.03.2013) Professional Courses in the field of Business and Commerce (24.03.2013) Seminar Backgrounder on Copyright & Internet Laws (27.04.2013) Seminar Backgrounder Sexual Harassment of Women at Workplace (23.07.2013)


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MEDIA COVERAGE / PRESS RELEASE Telecast Live Panel Discussion on Post Union Budget: On February 28, 2013, Dr. Baiju Ramachandran participated in a panel discussion on Post Union Budget which was organised by Mathrubhoomi. The programme was telecasted live by Mathrubhoomi Channel. Article in Dhanam Magazine: Article by Dr Baiju Ramachandran on suggestions to the development of MSME Sector in Kerala was published in the Dhanam Business Magazine dated April 16, 2013. Kerala Budget 2013-14 presented by Mr. K.M.Mani: In a statement released by ICCI-Tvm, Director Dr. Baiju Ramachandran welcomed the Budget for the FY 2013-14 presented by Hon’ble Minister for Finance, Govt. of Kerala, Shri. K.M.Mani, especially, allocation of fund for Vizhinjam Project, Mono Rail Project, High Speed Rail Project etc. Protest against stamp duty increase in AOA & PD: In the budget of Govt. of Kerala, Stamp duty on Articles of Association was increased from Rs. 1,000 to Rs. 10,000 and for partnership deed from Rs. 1,000 to Rs. 5,000 whereas in our neighboring states the duty was Rs.300 only. On 20.03.2013, Dr. Baiju Ramachandran, Director gave a press note to the media stating that the proposed increase would adversely affect the entrepreneurship development. Through the media we, the Chamber requested the hon’ble Finance Minister to review the matter. The matter was published in the Indian Express, Metro Vartha, Kerala Kaumudi Flash, Managalam etc. Career Awareness Programmes through Media: Two career awareness articles compiled by the ICCI Director Dr. Baiju Ramachandran were published by Mathrubhoomi Thozhil Vartha in October & April and four programmes moderated by him were telecasted in Kaumudi Channel in June, 2013. Effect of rupee devaluation in Kerala Economy: On request of Desabhimani Newspaper, Dr. Baiju Ramachandran gave a statement on 28th August, 2013 about the effect of Rupee devaluation in Kerala’s economy.

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CORPORATE SOCIAL RESPONSIBILITY INITIATIVES Since we are committed to behave ethically and contribute to the economic development while improving the quality of life of our members as well as local community at large, we are extending support to the poor people as a part of our Corporate Social Responsibility (CSR) activities. We believe, irrespective of private or public, all the organizations including chamber like us have an important role to play in achieving social justice. Our CSR activities included the following: Distribution of books to poor students: On October 2, 2012, on the Gandhi Jayanthi Day, note books were distributed to poor students in a simple function held at the Trivandrum Office. Books were sponsored by M/s. Famous Books, Trivandrum. Felicitation to Ms. Haritha V.Kumar, IAS Topper: On May 21, 2013, a team of ICCI-Tvm members visited the residence of Ms. Haritha V.Kumar to felicitate her on the achievement for having attained the first rank in the Civil Service Examination 2012. Dr. Baiju Ramachandran, Director Indian Chamber presented a memento to Ms. Haritha V.Kumar. An Appreciation Letter, ICCI brochures and Directory were also handed over to her. Contribution of library books to School: ICCI-Tvm contributed some books to the library of Govt. Model Higher Secondary School for Girls, Pattom, Trivandrum on July 26, 2013. These books were contributed by Dr. Baiju Ramachandran and his friends and well wishers. The front pages of all the books were marked with “Donated by Indian Chamber of Commerce & Industry”. Donation of clothes to inmates of Mental Hospital: On August 15, 2013 as a part of the Independence Day programme, the Indian Chamber Director Dr. Baiju Ramachandran donated clothes to the inmates of the mental hospital. Dr. Sheela Joseph.C received the same on behalf of the patients.

SECRETARIAL ASSISTANCE The Chamber continued to attend to the secretarial work of the Cochin Rubber Merchants' Association, the Grain Merchants' Association and the Tea Buyers Association during the year under report.


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MEMBERSHIP IN OTHER ORGANISATIONS The Chamber continued to be a subscribing member of the following organisations: 1. Federation of Indian Chambers of Commerce and Industry, New Delhi 2. All India Organisations of Employers, New Delhi 3. Kerala State Productivity Council, Kalamassery 4. Cochin Port Lease Holders' Association, Cochin. 5. Indian Council of Arbitration ACCOUNTS The Balance Sheet and Income & Expenditure Account of the Chamber for the year ended March 31, 2013 duly audited by Messrs. Kaimal and Co., Chartered Accountants, Cochin-682002, are attached. The total revenue receipts amounted to Rs. 71.86 lacs as against Rs.66.31 lacs for the year 2011-2012. There is an excess of income over expenditure of Rs. 2.00 lacs for the year as against Rs. 4.16 Lacs during the previous year. INTERNAL AUDITORS Messrs. S Murali Associates, Chartered Accountants, Cochin 682002 are the Internal Auditors of the Chamber.

Directors Responsibility Statement Under Section 217 (2AA) of the Companies Act 1956: The Board of Directors of the Indian Chamber of Commerce & Industry confirms;  that in the preparation of the annual accounts, the applicable accounting standards have been followed and there has been no material departures;  that the selected accounting policies were applied consistently and the Directors made judgment and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Association as on March 31, 2013 and the excess of expenditure over income of the Association for the year ended on that date;  that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Chamber and for preventing and detecting fraud and other irregularities;  that the annual accounts have been prepared on a going concern basis.

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CONCLUSION In conclusion, the Committee place on record the valuable help, assistance, cooperation and guidance received by them from the Members of the Chamber during their term of office. The Committee also places on record with appreciation the work done by the Secretariat for the successful conduct of the affairs of the Chamber. WINNERS OF ICCI AWARDS FOR 2011-2012 EXPORT AWARDS Messrs. St. Mary’s Cashew Factory - Cashew Kernels Messrs. Mangala Marine Exim India Private Limited - Marine Products Messrs. Season Trading Company - Natural Rubber Exports Messrs. G R K & Company - Spices Exports Products Messrs. Kishor Spices Company - Spice Exports Messrs. JFK International Limited - Tea Exports WINNERS OF K R MEHTA MEMORIAL INTER-COLLEGIATE ESSAY COMPETITION FIRST - Ms. E. K. Amina Abdurazak (St. Teresa's College, Cochin-682011) SECOND - Ms. Vidya Thottappillil (The Cochin College, Cochin-682002) THIRD -Ms. Gloria Dian Fernadez (The Cochin College, Cochin - 682002) WINNERS OF M K MEHTA MEMORIAL ESSAY COMPETITION MALAYALAM MEDIUM 1st Prize

:

2nd Prize

:

3rd Prize

:

Miss. Arppana S T D High School, Mattancherry Miss. Neethu Nazar St. Paul’s Public School, Fort Kochi Miss. Effi Francis Our Lady’s Convent Girls High School, Palluruthy

ENGLISH MEDIUM 1st Prize

:

2nd Prize

:

3rd Prize

:

Miss. Rohini S The Delta Study, Fort Kochi Mr. Rohit Agarwal The Delta Study, Fort Kochi Miss. Salma M R St. Paul’s Public School, Fort Kochi

Annual Report 2012-2013 PAST PRESIDENTS OF THE CHAMBER NAME Mr. Haji Abdul Sakoor Haji Essa Sait Mr. Haji Abdulla Haji Adam Sait Mr. Abdul Sathar Haji Moosa Sait Mr. Ramjee Cooverjee Pathak Mr. Haji Essa Haji Moosa Sait Mr. Abdul Latiff Oomer Sait Mr. Hirjee Khiraj Sait Mr. Adam Hasham Sait Mr. Popatlal Goverdhan Lalan Mr. Haji Abdul Karim Haji Abdul Latiff Mr. N Govinda Pai Mr. Adam Hasham Sait Mr. Popatlal Goverdhan Lalan Mr. Abdul Rehman Haji Ebrahim Cassam Mr. Kerala Varma Thampuran Mr. A R Abdul Hameed Mr. Amritlal Goverdhan Lalan Mr. N Govinda Pai Mr. Girdhardas Jairam Asher Mr. L D Kilikar Mr. Kantilal Raychand Mehta Mr. O J Khona Mr. Jos T Mookken Dr . S B Rao Mr. P Achuthan Pillai Mr. T C Varkey Mr. D B Khona Mr. S S Koder Mr. S J Asher Mr. D A Kamath Mr. K Narayana Menon Mr. A C Raghava Menon Mr. Ahmed Usman Sait Mr. T Tharanath Shet Mr. T Koshy Mr. Abhaykumar A Lalan Mr. Kailash Gupta

PERIOD 1897-1904 1905-1917 1917-1922 1922-1924 1924-1927 1927-1930 1930-1934 1934-1937 1937-1938 1938-1939 1939-1940 1940-1941 1941-1945 1945-1947 1947-1949 1949-1950 1950-1951 1951-1954 1954-1956 1956-1960 1960-1961 1961-1962 1962-1963 1963-1964 1964-1965 1965-1966 1966-1967 1967-1968 1968-1969 1969-1970 1970-1971 1971-1972 1972-1973 1973-1974 1974-1975 1975-1976 1976-1977

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35

Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr.

Annual Report 2012-2013 A V Saraf K M K Abdulla A Madhavan David T Mookken C C Joseph N P Ouseph V P Vijayan Menon A Gopakumar Dilip K Mehta A Ravindranath M Bhasker Kini V V Job Riaz Ahmed Viresh D Khona V T Alexander T Vidyasagar Viswanath Agarwal Jai Prakash Goyal Sadiq H Kapasi T Vidyasagar (Centenary Year) G P Goyal Shivkumar Agarwal Abraham Philip Anwar Hashim N Radhakrishnan Bharat N Khona P M Muraleedharan K S Sebastian Balagopala B Pai K Retnan R Mohandas Anilkumar N Prabhu Jasbir Singh Chawla P Prathapachandran P L Prakash James

1977-1978 1978-1979 1979-1980 1980-1981 1981-1982 1982-1983 1983-1984 1984-1985 1985-1986 1986-1987 1987-1988 1988-1989 1989-1990 1990-1991 1991-1992 1992-1993 1993-1994 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012


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AUDITORS REPORT INDEPENDENT AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31.03.2013 The Members of Indian Chamber of Commerce & Industry, Cochin - 2

Report on the Financial Statements We have audited the accompanying financial statements of the Indian Chamber of Commerce & Industry, Cochin – 2, (“the Association”), which comprise the Balance Sheet as at 31st March, 2013 and the Statement of Income & Expenditure for the year ended on that date, and a summary of the significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements The Association’s Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Association in accordance with the Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956 (the “Act”) and in accordance with the accounting principles generally accepted in India. The responsibility includes the design, implementation and maintenance of internal controls relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatements, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We have conducted our audit in accordance with the Standards of Auditing issued by the Institute of Chartered Accountants of India. Those standards require that we comply with the ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements. An audit involves performing the procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the (Contd….)

37

Annual Report 2012-2013 risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Association’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Association’s internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall performance 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.

INDEPENDENT AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS OF INDIAN CHAMBER OF COMMERCE & INDUSTRY, COCHIN 02 FOR THE YEAR ENDED 31.03.2013 Basis of Qualified Opinion

No provision has been made in the accounts towards Income Tax Liability , if any, including in respect of earlier years. Opinion In our opinion and to the best of our information and according to the explanations given to us, except for the effects of the matter described in the Basis for Qualified Opinion Paragraph the financial statement read with the notes thereon, give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, i. in the case of the Balance Sheet, of the state of affairs of the Association as at 31st March, 2013. ii. in the case of the Statement of Income and Expenditure, of the Excess of Income over Expenditure for the year ended on that date. (Contd….)


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Report on Other Legal and Regulatory Requirements 1. As required by Section 227(3) of the Act, we report that: a) 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. b) In our opinion, proper books of account as required by law have been kept by the Association so far as appears from our examination of the books. c) The Balance Sheet and the Statement of Income & Expenditure dealt with by this report are in agreement with the books of account. d) Except for the effects of the matter described in the Basis for Qualified Opinion paragraph, in our opinion, the Balance Sheet and Statement of Income & Expenditure comply with the accounting standards referred to in sub-section (3C) of section 211 of the Act; e) According to the information and explanations given to us and on the basis of written representation from the Directors of the Association, taken on record by the Board of Directors, none of the Directors is disqualified as on 31st March, 2013 from being appointed as a Director u/s. 274 (1) (g) of the Companies Act, 1956.

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Annual Report 2012-2013 INDIAN CHAMBER OF COMMERCE AND INDUSTRY, KOCHI-2 BALANCE SHEET AS AT 31ST MARCH 2013

SL.NO

I

1

2

3

II 1

2

PARTICULARS

NOTE NO.

EQUITY AND LIABILITIES SHAREHOLDERS FUNDS RESERVES AND SURPLUS

As at 31-03-2013 Rs. Ps

As at 31-03-2012 Rs. Ps

(a) CAPITAL FUND (b) OTHER FUNDS TOTAL(1) NON-CURRENT LIABILITIES (a) LONG-TERM LIABILITIES TOTAL(2) CURRENT LIABILITIES (a) TRADE PAYABLES (b) OTHER CURRENT LIABILITIES (c) SHORT TERM PROVISIONS TOTAL(3) TOTAL(1+2+3) ASSETS NON-CURRENT ASSETS (a) FIXED ASSETS (i) TANGIBLE ASSETS (ii) INTANGIBLE ASSETS (b) NON-CURRENT INVESTMENTS (c) LONG-TERM LOANS AND ADVANCES (d) OTHER NON-CURRENT ASSETS TOTAL(1) CURRENT ASSETS (a) CURRENT INVESTMENTS (b) INVENTORIES (c)TRADE RECEIVABLES

3.1

17,675,844.78 46,250.85 17,722,095.63

17,475,375.05 49,497.85 17,524,872.90

3.2

772,210.00 772,210.00

201,050.00 201,050.00

3.3 3.4 3.5

100,396.10 655,026.00 325,194.03 1,080,616.13 19,574,921.76

391,944.10 363,649.41 235,099.45 990,692.96 18,716,615.86

4.1

5,256,067.60 100.00 235,037.00 52,510.00 5,543,714.60

2,789,031.98 100.00 167,265.00 275,181.80 3,231,578.78

5.1 5.2 5.3

17,358.00 623,401.90

13,790.00 1,017,005.25

(d) CASH AND CASH EQUIVALENTS

5.4

10,807,155.24

12,703,353.96

(e) SHORT-TERM LOANS AND ADVANCES (f) OTHER CURRENT ASSETS TOTAL(2) TOTAL(1+2)

5.5 5.6

2,021,260.02 562,032.00 14,031,207.16 19,574,921.76

1,706,517.87 44,370.00 15,485,037.08 18,716,615.86

Significant accounting policies and notes to accounts

1&2

Sd/Nishesh Shah President

4.2 4.3 4.4

Sd/-

Sd/-

A.A.AbdulAzeez Vice-President

K.Raghu Secretary For KAIMAL & CO. Chartered Accountants Sd/C.A. P.K. SASIDHARAN, FCA Proprietor (M.No. : 014994) Firm Registration No.: 001746 S

Cochin –2 02 September 2013 AUDITOR'S REPORT AS PER OUR SEPARATE REPORT OF EVEN DATE ATTACHED


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INDIAN CHAMBER OF COMMERCE AND INDUSTRY, KOCHI Notes forming part of the financial statements for the year ended 31-03-2013

NOTE NO

(Contd……) As at 31-03-2013 Rs. Ps

As at 31-03-2012 Rs. Ps

17,475,375.05 200,469.73

17,059,427.52 415,947.53

17,675,844.78

17,475,375.05

32,929.95 2,330.00 35,259.95 2,250.00 33,009.95

33,053.13 2,626.82 35,679.95 2,750.00 32,929.95

TOTAL

16,567.90 1,173.00 17,740.90 4,500.00 13,240.90 46,250.85

15,360.72 1,207.18 16,567.90 16,567.90 49,497.85

TOTAL

772,210.00 772,210.00

201,050.00 201,050.00

100,396.10 100,396.10

391,944.10 391,944.10

551,026.00 104,000.00

343,649.41 20,000.00

655,026.00

363,649.41

325,194.03

235,099.45

325,194.03

235,099.45

PARTICULARS

RESERVES AND SURPLUS CAPITAL FUND: BALANCE AS PER LAST BALANCE SHEET DATE ADD:EXCESS OF INCOME OVER EXPENDITURE FOR THE YEAR

3.1

-

OTHER FUNDS K R MEHTA MEMORIAL PRIZES ENDOWMENT FUND AS PER LAST BALANCE SHEET ADD: INTEREST ON DEPOSIT FOR THE YEAR LESS: CASH AWARDS TO STUDENTS M K MEHTA MEMORIAL ENDOWMENT FUND AS PER LAST BALANCE SHEET ADD: INTEREST ON DEPOSIT FOR THE YEAR LESS: CASH AWARDS TO STUDENTS

3.2

3.3

3.4

3.5

OTHER LONG-TERM LIABILITIES: RENT ADVANCE CURRENT LIABILITIES TRADE PAYABLES ADVANCE FROM PARTIES-INTEREST FREE OTHER CURRENT LIABILITIES CREDITORS FOR EXPENSES OTHER LIABILITIES-ADVANCE MEMBERSHIP SUBSCRIPTION SHORT-TERM PROVISIONS (a) PROVISION FOR EMPLOYEE BENEFITS-FOR GRATUITY

FOR AND ON BEHALF OF THE MANAGING COMMITTEE Sd/Sd/Nishesh Shah A.A.AbdulAzeez President Vice-President

Cochin – 2 2 September 2013

Sd/K.Raghu Secretary

For KAIMAL & CO. Chartered Accountants Sd/C.A. P.K. SASIDHARAN, FCA Proprietor (M.No. : 014994) Firm Registration No.: 001746 S AUDITOR'S REPORT AS PER OUR SEPARATE REPORT OF EVEN DATE ATTACHED

41


Note -4.1

FIXED ASSETS INDIAN CHAMBER OF COMMERCE & INDUSTRY , COCHIN-2

NOTES ATTACHED TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2013

S L N o .

1

GROSS BLOCK NATURE OF ASSETS

TANGIBL E ASSETS Lease hold land

AS AT 01/04/20 12

ADDITIO NS

Rs.

Rs.

Ps.

Ps.

SAL E/A DJU ST ME NT Rs. Ps.

58,000.00

(58,000.00)

2

3

4

5

6

Land & Buildings Office & electric al equipm ents Furnitur e& Fixtures Comput er Library

3,398,210.84

2,686,010.55

8

Bicycle Cost of each items below Rs.5000/ on which 100% Deprecia tion is Claimed

NET BLOCK

UPTO 01/04/ 2012

FOR THE YEAR

Ps.

Rs. Ps.

Rs. Ps.

58,000.00

41,650.00

1,930.00

(58,000.00)

(39,720.00)

(1,930.00)

(41,650.00)

(16,350.00)

(18,280.00)

6,084,221.39

1,583,448.8 4

129,129.9 6

1,712,578.80

4,371,642.5 9

1,814,762.0 0

(78,858.1 0)

(1,583,448.84)

(1,814,762. 00)

(1,316,805. 20)

881,551.26

635,756.50

639,195.50

AS AT 31/3/2013

Rs.

SALE/ADJU STMENT

Rs.

Ps.

UPTO 31/3/201 3

Rs.

Ps.

43,580.00

AS AT 31/3/2 012

Rs. Ps.

Rs. Ps.

14,420.00

16,350.00

(2,821,395.94)

(576,814.90)

(3,398,210.84)

1,421,002.81

96,304.95

1,517,307.76

781,807.31

99,743.95

(1,229,394.81)

(191,608.00)

-

(1,421,002.81)

(689,596.36 )

(92,210.9 5)

-

(781,807.31)

(639,195.50 )

(539,798.4 5)

486,397.52

5,000.00

-

491,397.52

370,337.50

21,087.27

-

391,424.77

99,972.75

116,060.02

(481,397.52)

(5,000.00)

-

(486,397.52)

(344,824.33 )

(25,513.1 7)

-

(370,337.50)

(116,060.02 )

(136,573.1 9)

770,871.00

11,720.00

782,591.00

582,127.46

77,690.95

659,818.41

122,772.59

188,743.54

(770,871.00)

(495,563.27 )

(86,564.1 9)

(582,127.46)

(188,743.54 )

(124,007.7 3)

(619,571.00)

(151,300.00)

35,899.71

-

9,984.00

(9,984.00)

-

124,421.55

41,203.00

-

(77,548.55)

(46,873.00)

6,304,787.43

2,840,238.50

-

(5,333,191.53)

(971,595.90)

-

35,899.71

29,882.79

836.95

30,719.74

5,179.97

6,016.92

(35,899.71)

(28,910.60)

(972.19)

(29,882.79)

(6,016.92)

(6,989.11)

9,984.00

2,080.00

1,580.80

(9,984.00)

(104.00)

(1976.00)

165,624.55

124421.55

41,203.00

(124,421.55)

(77,548.55)

(46,873.0 0)

-

9,145,025.93

3,515,755.4 5

373,202.8 8

-

(6,304,787.43)

(3,180,857. 85)

(334,897. 60)

-

TOTAL

-

3,660.80

6,323.20

7,904.00

(2,080.00)

(7,904.00)

(9,880.00)

165,624.55

-

-

(124,421.55)

-

-

3,888,958.33

5,256,067.6 0

2,789,031.9 8

(3,515,755.45)

(2,789,031. 98)

(2,152,333. 68)

(Previous figures are given in brackets in itallics)


AS AT 31/3/2 013

(1,504,590. 74)

(35,899.71)

7

(Contd……)

DEPRECIATION

Sd/A.A.AbdulAzeez Vice-President

Sd/K.Raghu Secretary


42

INDIAN CHAMBER OF COMMERCE AND INDUSTRY, KOCHI Notes forming part of the financial statements for the year ended 31-03-2013 (Contd……)

4.2

4.3

4.4

5.1

5.2

INVESTMENT IN SHARES-NOT QUOTED-AT COST COCHIN INTERNATIONAL AIRPORT LTD ( 10 EQUITY SHARES @ RS.10 EACH) LONG TERM LOANS AND ADVANCES: SECURITY DEPOSITS (UNSECURED CONSIDERED GOOD ) a)Debts due by committee members or other officers of the Chamber or any of them either severally or jointly with any other person b)Debts due by firms or private companies respectively in which any committee member is a partner or a director or a member OTHER NON-CURRENT ASSETS INTEREST ACCURED ON FIXED DEPOSIT S WITH MATURITY MORE THAN 12 MONHS WITH BANKS

100.00

100.00

100.00

100.00

235,037.00

167,265.00

235,037.00 Nil

167,265.00 Nil

Nil

Nil

52,510.00

275,181.80

52,510.00

275,181.80

-

-

17,358.00

13,790.00

17,358.00

13,790.00

CURRENT ASSETS CURRENT INVESTMENTS

INVENTORIES: STATIONERY & OTHER ITEMS- AT COST

FOR AND ON BEHALF OF THE MANAGING COMMITTEE Sd/-

Nishesh Shah President

Cochin-2 2 September 2013

Sd/-

Sd/


K.Raghu Secretary


43

Annual Report 2012-2013 INDIAN CHAMBER OF COMMERCE AND INDUSTRY, KOCHI -2 Notes forming part of the financial statements for the year ended 31-03-2013 (Contd……)

5.3

5.4

TRADE RECEIVABLES: (UNSECURED CONSIDERED GOOD ) (1)DEBTS OUTSTANDING FOR A PERIOD EXCEEDING SIX MONTHS FROM THE DATE THEY ARE DUE (2)OTHER DEBTS

69,668.00 553,733.90 623,401.90 Nil

a)Debts due by committee members or other officers of the Chamber or any of them either severally or jointly with any other person b)Debts due by firms or private companies 1,900.00 respectively in which any committee member is a partner or a director or a member CASH AND CASH EQUIVALENTS (a) BALANCE WITH BANKS IN FIXED DEPOSITS-WITH SCHEDULED BANKS WITH MORE THAN 12 MONTHS 5,968,000.00 MATURITY OTHERS 4,536,698.00 Sub Total (A) 10,504,698.00 (b)CASH & CASH EQUIVALENT AS PER AS-3 IN SCHEDULED BANKS: IN SAVINGS BANK ACCOUNT 65,338.23 IN CURRENT ACCOUNT 162,205.62 CASH ON HAND 29,815.19 Sub Total (B) 257,359.04 ( c ) OTHER BANK BALANCES WITH MATTANCHERY MAHAJANIK CO-OPERATIVE BANK LTD ( TOWARDS ENDOWMENT FUNDS) IN SAVINGS BANK ACCOUNT 3,098.20 IN FIXED DEPOSITS WITH MORE THAN 12 MONTHS 42,000.00 MATURITY Sub Total (C) 45,098.20 Total ( A+B+C) 10,807,155.24

99,568.05 917,437.20 1,017,005.25 Nil

12,247.00

6,436,698.00 5,700,000.00 12,136,698.00

381,489.88 117,702.83 19,118.05 518,310.76

6,345.20 42,000.00 48,345.20 12,703,353.96




Sd/-

Sd/-



AUDITOR'S REPORT AS PER OUR SEPARATE REPORT OF EVEN DATE ATTACHED


44

INDIAN CHAMBER OF COMMERCE AND INDUSTRY, KOCHI -2 Notes forming part of the financial statements for the year ended 31-03-2013 (Contd……) 5.5

5.6

SHORT TERM LOANS & ADVANCES (UNSECURED CONSIDERED GOOD ) ADVANCES RECOVERABLE IN CASH OR IN KIND FOR THE VALUE TO BE RECEIVED (1)ADVANCE TO PARTIES (2) RECIEVABLE FROM REVENUE AUTHORITIES (2)INCOME TAX REFUND RECEIVABLE(TDS) a)Debts due by committee members or other officers of the Chamber or any of them either severally or jointly with any other person b)Debts due by firms or private companies respectively in which any committee member is a partner or a director or a member OTHER CURRENT ASSETS INTEREST ACCRUED ON FIXED DEPOSITWITH MATURITY PERIOD OF LESS THAN 12 MONTHS

FOR AND ON BEHALF OF THE MANAGING COMMITTEE Sd/Sd/Nishesh Shah .A.AbdulAzeez President Vice-President


696,198.82

455,877.67

1,325,061.20 2,021,260.02 4,000.00

1,250,640.20 1,706,517.87 4,000.00

NIL

NIL

562,032.00

44,370.00

562,032.00

44,370.00

Sd/K.Raghu Secretary For KAIMAL & CO. Chartered Accountants Sd/C.A. P.K. SASIDHARAN, FCA Proprietor (M.No. : 014994) Firm Registration No.: 001746 S



45

INDIAN CHAMBER OF COMMERCE AND INDUSTRY STATEMENT OF INCOME & EXPENDITURE FOR THE YEAR ENDED 31-03-2013

SL. NO

I II

PARTICULARS

REVENUE FROM OPERATIONS OTHER INCOME

III

6.1 6.2

TOTAL REVENUE (I+II)

IV a b c d V

NOTE NO.

EXPENSES: EMPLOYEE BENEFITS EXPENSES FINANCE COSTS DEPRECIATION & AMORTIZATION EXPENSES OTHER EXPENSES TOTAL EXPENSES EXCESS OF INCOME OVER EXPENDITURE FOR THE PERIOD( III-IV) EARNING PER EQUITY SHARE

7.1 7.2 7.3 7.4

For the year ended 31/03/2013

For the year ended 31/03/2012

Rs. Ps

Rs. Ps

7,186,127.56

6,630,813.40

7,186,127.56

6,630,813.40

2,746,896.33 7,098.00

2,757,352.30 32,669.00

373,202.88 3,858,460.62

334,897.60 3,089,946.97

6,985,657.83

6,214,865.87

200,469.73 NOT APPLICABLE

415,947.53 NOT APPLICABLE

Siginificant accounting policies and notes to accounts 1 &2 FOR AND ON BEHALF OF THE MANAGING COMMITTEE Sd/Sd/Sd/Nishesh Shah A.A.AbdulAzeez K.Raghu President Vice-President Secretary

Cochin -2 2 September 2013



46

INDIAN CHAMBER OF COMMERCE AND INDUSTRY, KOCHI -2 Notes forming part of the financial statements for the year ended 31-03-2013 NOTE NO

6.1 6.2

7.1

7.2

7.3

PARTICULARS

(Contd……) For year ended 31/03/2013 31/03/2012 Rs. Ps. Rs. Ps.

REVENUE FROM OPERATIONS REVENUE FROM OPERATIONS OTHER INCOME: MEMBERSHIP SUBSCRIPTION & ADMISSION FEE SURVEY & WEIGHTMENT FEES INTEREST INCOME NET GAIN/LOSS ON SALE OF INVESTMENT/ASSETS RENTAL INCOME OTHER INCOME EMPLOYEE BENEFITS EXPENSE SALARY AND WAGES STAFF SALARY AND BONUS CONTRIBUTION TO PROVIDENT AND OTHER FUNDS CONTRIBUTION TO PROVIDENT FUND CONTRIBUTION TO GRATUITY TRUST FUND PROVISION FOR GRATUITY VRS COMPENSATION TO STAFF OTHER EXPENSES WORKERS AND STAFF WELFARE EXPENSES

-

-

1,290,000.00 2,402,002.91 1,153,452.65 1,874,681.00 465,991.00 7,186,127.56

777,000.00 2,683,020.50 883,407.40 1,790,240.50 497,145.00 6,630,813.40

2,234,115.75

1,896,492.85

180,133.00 187,741.58

173,708.36 66,787.00 19,739.99 500,000.00

144,906.00 2,746,896.33

100,624.10 2,757,352.30

7,098.00 7,098.00

32,669.00 32,669.00

373,202.88

334,897.60

373,202.88

334,897.60

FINANCIAL COSTS: INTEREST EXPENSE INTEREST TO BANK ON LOAN DEPRECIATION AND AMORTZATION EXPENSE: DEPRECIATION






47

Annual Report 2012-2013 INDIAN CHAMBER OF COMMERCE AND INDUSTRY, KOCHI -2 Notes forming part of the financial statements for the year ended 31-03-2013

7.4

OTHER EXPENSES: ANNUAL SESSION & MEETING EXPENSE

881,654.00

667,759.00

10,350.00

10,350.00

5,000.00

5,000.00

PAYMENTS TO THE AUDITOR AS AUDITOR FOR TAXATION MATTERS REIMBURSEMENT OF EXPENSES

1,581.00

INTERNAL AUDIT FEE

10,000.00

11,236.00

174,900.00

176,552.88

25,933.75

36,332.00

479,234.09

511,933.24

LEGAL & PROFESSIONAL EXPENSES

75,870.00

40,131.00

NEWS PAPER & PERIODICALS

32,994.00

34,837.15

COMMUNICATION EXPENSES

195,618.26

196,103.26

PRINTING & STATIONERY

215,153.30

189,607.60

73,688.11

48,736.00

255,897.30

211,386.67

REPAIR TO BUILDINGS

227,256.00

88,403.00

REPAIR & MAINTENANCE (GENERAL)

142,245.16

265,813.61

48,378.00

44,292.50

MISCELLANEOUS EXPENSES

489,899.25

228,782.56

DISHA SCHOOL EXPENSES

305,588.75

207,789.00

BAD DEBTS WRITTEN OFF

26,651.65

-

182,149.00

113,320.50

3,858,460.62

3,089,946.97

DONATION SUBSCRIPTION/MEMBERSHIP FEES ELECTICITY CHARGES

RATES & TAXES RENT REPAIRS & MAINTENANCE

SURVEY & WEIGHMENT CHARGES

TRAVELLING EXPENSES GRAND TOTAL







48

INDIAN CHAMBER OF COMMERCE & INDUSTRY , COCHIN-2

Notes forming part of the financial statements for the year ended 31-03-2013 1 2.1 a

Company's General Business Profile Indian Chamber of Commerce & Industry is a trade association. Significant Accounting Policies Basis of Accounting The financial statements are prepared under the historical cost convention, on accrual basis of accounting in conformity with the accounting principles generally accepted in India and comply with the accounting standards notified by the Companies (Accounting Standards) Rules, 2006.

b

Use of Estimates The presentation of financial statements in conformity with the generally accepted accounting principles require estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual result and estimates are recognized in the period in which the results are known /materialized.

c

Membership Subscription Membership Subscription is accounted on accrual basis . Entrance Fee Entrance Fee is accounted as income in the year of admission. Fixed Assets Fixed assets are stated at cost of acquisition inclusive of freight, duties and other incidental expenses less depreciation written off and impairment in value if any, adjusted. Depreciation/ Amortization Depreciation on assets is provided at the rates prescribed in Schedule XIV to the Companies Act, 1956 on written down value method . Investments Non Current Investments are stated at cost. Decline in value, if any, which is not considered temporary in nature, is provided for. Stock of Stationery Stock of stationery is valued at cost. Employee Benefits Short Term Employee Benefits All employee benefits payable wholly within twelve months of rendering the service are classified as short-term employee benefits and recognized in the period in which the employee renders the related service. Defined Contribution Plan Employees' benefit in the nature of contribution to Provident Fund is considered as defined contribution plan and the contributions are charged to Profit & Loss account of the year when the contribution to the respective fund is due.

d e

f

g

h i i

ii.

iii.

Defined Benefit Plans( Gratuity) The Association has an obligation towards gratuity, a defined benefit retirement plan , and covering eligible employees. The plan provides for a lump sum payment to vested employees at retirement , death while in employment or on termination of employment , of an amount computed in accordance with the provisions of the Payment of Gratuity Act,1972. Vesting occurs upon completion of five years of service. Provision for accrued liability of gratuity to the employee is made at the gross estimated undiscounted amount of liability as per Chamber's own computation.


Sd/-

Nishesh Shah

A.A.Abdul Azeez

President

Vice-President

Sd/ K.Raghu Secretary

49


INDIAN CHAMBER OF COMMERCE & INDUSTRY , COCHIN-2

( Notes forming part of the Accounts) j k

l

(Cont…..) Foreign Exchange Transactions The Chamber is not having any foreign exchange transactions at present. Borrowing Costs Borrowing costs that are directly attributable to the acquisition or construction of a capital asset are capitalized. Other borrowing costs are charged to Profit & Loss Account. Provisions, Contingent Liabilities and Contingent Assets Provisions are recognised when the company has a present obligation as a result of a past event, for which it is probable that a cash outflow will be required and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to its present value and are determined based on management estimate required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the correct management estimates. Contingent Liabilities are disclosed when the company has a possible obligation or a present obligation and it is probable that a cash flow will not be required to settle the obligation. Contingent assets are neither recognized nor disclosed in the accounts.




Sd/-

A.A.Abdul Azeez Vice-President

Sd/-




50

INDIAN CHAMBER OF COMMERCE AND INDUSTRY, KOCHI -2

Notes forming part of the financial statements for the year ended 31-03-2013 Current Year 2.2 1

Previous Year

Other Information Conti--ngent Liabilities & Commitments ( to the extent not provided for) (i) Contingent Liabilities Claims against the company not acknowledged as debts : Demand for building tax under the Kerala Building Tax Act,1975from Tahsildar , Cochin (ii) Service tax demand (Appeal pending)

2

3

4

5 6 7

Nil

Nil

Rs.83,540.00

Rs.83,540.00

Rs.30,61,062.00

-

Estimated amount of contracts remaining to be executed on capital account not provided for Nil Nil The Exact liability in respect of gratuity payable to the members of the staff has not been ascertained on actuarial basis. The estimated liability as on 31st march 2013, as per Chamber's own computation is Rs. 10,55,481.00 ( Previous Year: Rs.7,29,311.42). During the year , the chamber has made a contribution of Rs.100,583/- ( Previous Year : Rs.66,787) towards the accrued liability. Taking into consideration the balance in the gratuity trust fund amounting to Rs.6,32,639.97/- ( Previous Year : 4,94,211.97), the total provision for gratuity as on 31st March 2013 is Rs.10,55,481.00 - ( Previous Year : Rs.7,29,311.42) The Chamber has entered into a lease agreement with Cochin Port Trust for about 50 cents of land in W/Island for a period of 30 Years from 1990. The Expenses in connection with the execution of the lease deed including cost of stamp paper are shown under lease hold land and proportionate expenditure for the year has been written off as depreciation. a) Consequent to the ammendment to the provisions of section 2(15) of the Income Tax Act by the Finance Act 2008 a view is represented that associations like Chamber may not be entitled to exemption as a charitable institution. However, as the issue has not reached finality, no provision has been made in the accounts towards income tax liability,if any. b) Inview of the above, no adjustment has been made for the deferred tax as required under Accounting Standard (AS-22) 'Taxes on Income" b) As the issue of taxability of the income of the Chamber has not reached finality, the Chamber has not complied with the requirements of Accounting Standard-22 (AS-22)- Taxes on income No provision has been made in the accounts towards additional liability , if any , for the service tax, as the Chamber is advised that it has no liability to pay service tax on services other than renting of immovable property. The Chamber has complied with the Accounting Standards as applicable to a Small and Medium Sized Company , except the fact that provision for liability towards gratuity to employees is made as per Chamber's own computation. a) The Chamber does not owe any amount to suppliers of the category micro or small enterprises, as defined in Micro, Small and Medium Enterprises Development Act ,2006 as at the year end. This is based on the information available with the Chamber and relied upon by the Auditor. b) Other disclosures: Current Year Previous Year 1. Principal amount remaining unpaid as on 31st March

Nil

Nil

2. Interest due thereon as o 31st March

Nil

Nil

3. Interest paid by the association in terms of Section 16 of Micro ,Small & Medium Enterprises Development Act ,2006, along with the amount of the payment made to the supplier beyond the appointed day during the Year.

Nil

Nil

4. Interest due and payable for the period of delay in making payment ( which have been paid but beyond the appointed day during the year) but without adding the interest specified under Micro, Small & Medium Enterprises Development Act,2006.

Nil

Nil

5. Interest accrued and remaining unpaid as at 31st March

Nil

Nil

6. Further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise.

Nil

Nil


Sd/-

Sd/-

Nishesh Shah

A.A.Abdul Azeez

K.Raghu

President

Vice-President

Secretary For KAIMAL & CO. Chartered Accountants Sd/-


C.A. P.K. SASIDHARAN, FCA Proprietor (M.No. : 014994) Firm Registration No.: 001746 S AUDITOR'S REPORT AS PER OUR SEPARATE REPORT OF EVEN DATE ATTACHED

51

Annual Report 2012-2013 Attendance of Members of the Managing Committee at the Managing Committee Meetings held during the year 2012-2013 (From 25.10.2012 to 29.08.2013)

No. of Meetings Held: 11 SL No.

1 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.

Name No. of Meetings Attended 11 Mr. Nishesh Shah - President Mr. A A Abdul Azeez Vice-President 11 Mr. P L Prakash James - Immediate Past President^ 1 Mr. Abraham Philip 8 Mr. Anwar Hashim 7 Mr. Baiju Ramachandran 7 Mr. Balagopala B Pai 5 Mr. Bharat N Khona 10 Mr. Divij R Agarwal 7 Mr. G P Goyal 7 Mr. Mahesh N Joshi 6 Mr. R Mohandas 9 Mr. R Radhakrishnan Kamath 5 Mr. Raj Kumar Gupta 10 Mr. Rajesh Agarwal 7 Mr. P M Muraleedharan 10 Mr. Rajesh Kumar Agarwal 10 Mr. Sadiq H Kapasi 6 Mr. V S Pradeep 6 Mr. Vikash Kumar Singhal 7


52

INDIAN CHAMBER OF COMMERCE & INDUSTRY POST BOX NO. 236, INDIAN CHAMBER ROAD MATTANCHERRY, COCHIN - 682002

NOMINATION FORM The Secretary Indian Chamber of Commerce & Industry Cochin-682002 Dear Sir, I wish to nominate _____________________________________________________ of Messrs. ____________________________________________________________to stand for election as President/Vice-President/Member of the Committee of the Indian Chamber of Commerce & Industry for the year 2013-2014. Name of Proposer _____________________________________________________ of Messrs. _____________________________________________________________ Signature of Proposer ________________________________________________ Date: _________________ I second the nomination. Name of Seconder _____________________________________________________ of Messrs. ___________________________________________________________________ Signature of Seconder ________________________________________________ Date: _________________ I accept the nomination. Name of Candidate ____________________________________________________ Signature of Candidate ________________________________________________ Date: _________________

53

Annual Report 2012-2013 FORM OF PROXY

INDIAN CHAMBER OF COMMERCE & INDUSTRY, COCHIN ... Name of Company I/We................................................................................................................................. ....... of .......................................................................................................... in the District of ............................................. being a Member/Members of the above named Company hereby appoint ................................................................................................................................. of .................................................................. in the District of .............................................or failing him ..........................................................................................................................of .................................................................. in the District of .........................................as my / our

proxy

to vote for me / us on my /

our behalf at the ANNUAL GENERAL MEETING of the Company to be held on ......................... day of ……..………………………................................................and at any adjournment thereof. Signed this .......................................................... day of ...................................................

….. Affix Re.1/Revenue Stamp