Ashapura Minechem Ltd.
Sales (2007-2008) =Rs.1500 crores (rounded off)
Net profit after tax =Rs.140 crores (rounded off)
CSR Budget: 5 crores
Karmayog 2008 CSR Rating: 2/ 5
See Karmayog Comments below
CSR activities:
Ashapura Minechem Ltd. is a flagship company of Ashapura Group.
A part of the profits of the company are ploughed back for social welfare schemes in Kutchh.
The company is autorized to contribute to Charitable, religious, and other funds not directly relating to business of the Company and or welfare of its employees from time to time in any financial year upto the extent of Rs.5 cr or 5% of its average net profits as determined in accordance with the provision section 349 and 350 of the said act during the three financial years immediately preceding ,whichever is greater. (source- pg 7 of annual report �07-�08)
Heralaxmi Memorial Foundation-
- It provides medical awareness and medical facilities to public on charity basis in Mumbai and Kutchh.
- At present it is running two mobile medical vans at Lakhpat taluka covering 52 villages and on an average 2500 patients every month are getting examined
- Two more vans will be introduced for other talukas
- Awareness is spread through medical camps, publishing books, CDs, seminars
Ashapura Foundation
- This is looking into special activities such as water harvesting, agricultural development, animal care, women and child care, empowerment, promotion of education, relief and rehabilitation, rural development covering 92 inaccessible villages.
- These programmes are funded by the foundation, Ministry of rural development, Water and Sanitation Management organisation, United Nations Development, Prime Minister Relief Fund for Drought Proofing Programme.
Hiralaxmi Memorial Craft Park (Kutchh Navnirman Trust)
- A noble effort was made in memory of Lt. Smt Hiralaxmibai at Craft Park to restore, preserve, promote, and uplift the artisans to display their arts and sell their products to get their value.
- Every year sale amounts to 50 lacs which directly goes to artisans, in addition the trust gives stipend to encourage them
- Last year the trust had made arrangement of lodging and boarding for 52 artisans from Kutchh to organise exhibition in Mumbai. It was a great success.
Source: www.ashapurafoundation.org
www.ashapurafoundation.org/achivement.html
Annual Report �07-�08 (pg 7,11, 35)
Karmayog Comments: No information on CSR initiatives was available last year
Contact Information:
Ashapura Minechem Ltd.
Jeevan Udyog Building
3rd Floor,278 D.N Road, Fort
Mumbai-400001
Maharashtra
Phone no. : 022-66657100
Fax : 022-22079395
Email : rwarrier@ashapura.com
Website : http://www.ashapura.com/
Industry Sector: Minerals/Mining
Products / Services: Mineral and Mining solutions provider
Other locations of factories / offices: Belgium, Nigeria, Oman and Malaysia; in India it operates from Gujarat, Maharashtra, Karnataka, Kerala, Andhra Pradesh and Orissa.
Previous year�s CSR activities & rating: www.karmayog.org/csr500companies/csr500companies_7308.htm