- CSR Details of Finolex Industries Ltd. , Pune , MH Finolex Industries Ltd. - Corporate Social Responsibility Activities are as follows Company Profile CompanyMessage 1 of 1 , Jan 31, 2010View Source
CSR Details of Finolex Industries Ltd. , Pune , MH Finolex Industries Ltd. - Corporate Social Responsibility Activities are as follows Company Profile Company Slogan: None Company's Vision Statement: * To maintain our leadership position in our area of our business through excellence and innovation. * To continuously create new opportunities for growth and establish global presence. * To be amongst most admired Companies to work for and to be associated with. Company's Mission Statement: * To enhance value generating capability of the Company in a globalizing environment, delivering superior and sustainable customer value. * To display highest commitment to excellence in product quality, service and enriching customers through added value. * Build exceptional standards and systems for productivity, performance, safety, environment and quality. * Expand manufacturing facility and distribution network to cater to all regions in the country. * Be a socially responsible corporate, addressing need of community and environment. * Empower and energise employees to embrace new ideas, learn continuously and build HR processes for continual capability development of its talent. Type of Company: Private Sector (operating in India only) Industry Sector: Petroleum and Petrochemicals Products / Services: 1. PVC Resin 2. PVC Pipes 3. PVC fittings No. of employees: 1,025 Other locations of factories / offices: Head Office in Pune Branch Offices at Ahmedabad, Bangalore, Chennai, Cochin, Indore, Mumbai, New Delhi, Kolkata, Coimbatore Plant locations: Ratnagiri, Chinchwad, Urse (all in Maharashtra) Financial result for time period: April 2008 - March 2009 - Sales Rs. 1529 Crores - Profit before tax Loss - Net profit after tax Loss - CSR Budget Not Disclosed CSR Activities Trust / Foundation for CSR: No CSR Areas: 1. Children 2. Community Welfare 3. Education 4. Healthcare 5. Rural Development Three main CSR activities: a) Education b) Community welfare c) Healthcare Publish Sustainability Report: No Member of Global Compact: No CSR activities in brief:
Annual Report, Pg. 10
Corporate social responsibility
As a responsible corporate citizen, your Company constantly extends its support in the areas of education, health, environment directly as well as through a renowned charitable trust from Pune viz. Mukul Madhav Foundation, engaged in charitable activities with special focus on the education, healthcare and social welfare with special attention on the villages and hamlets around Company’s PVC resin manufacturing plant
Scarcity of water has become a common phenomena and India is no exception and it is extremely acute in the rural areas. This year, your Company has assisted water supplyschemes of four villages in Ratnagiri district viz. Palkarwadi, Kolambe, Shirambadwadi and Golap. This year, your Company took up another initiative of encouraging ‘Mahila
Bachat Gats’ by purchasing their products for Company’s use. This initiative has given a boost to their confi dence in their work and also helped them to earn. On the same front, your Company has started a Mahila Shikshan Kendra and encouraged ladies of adjoining villages to join tailoring classes supported by your Company thereby in times
to come they can start their own tailoring business. Your Company has purchased sewing machines, and also takes care of the other infrastructural requirements of the classes.
Your Company continued to assist the community in their social, spiritual, cultural and religious pursuits by rendering necessary help in monetary and other terms irrespective of caste, creed or religion for holding festivals, exhibitions, repairing religious shrines, etc.
Your Company, in association with Mukul Madhav Foundation, donated fi fteen nos. of computers to Lakshmi Keshav Madhyamik Vidyalaya, Fansop, district-Ratnagiri together with other hardware to enable the school to create computer laboratory. Your Company has also donated sports material, TVs, DVD players, PCs, printers, inverters, notebooks
and footwear to different schools located in the vicinity of the Company’s PVC resin manufacturing plant at Ratnagiri.
Finolex Academy of Management and Technology (Academy)
Finolex Academy of Management and Technology, at Ratnagiri was promoted by Hope Foundation, Pune to cater to the technical education needs of rural area aspirants. The Academy, affi liated to the University of Mumbai is providing high quality education in the fi eld of engineering and information technology. Recently, the Academy got permission from AICTE to start B.E. in Chemical and Electronics & Telecommunication.
The high standard of education imparted by the Academy and efforts taken for all-round development of the students enables Academy to achieve higher percentage successful students getting through with fl ying colours. Recently, a student of Academy captured fi rst rank in B.E. Mechanical with gold medal and another student captured second rank
in electrical engineering.
Your Company conducted health check-up camps with the help of Mukul Madhav Foundation for school children at Pawas, Fansop and Maingadewadi in the district Ratnagiri. Nearly 1,300 children took advantage of the check-up camp. As a part of follow up activity of the health check-up camps, Mukul Madhav Foundation arranged
for free of cost treatment including operations wherever needed. Students were brought to Pune along with their parents for further treatment. Children were operated for squint and ear problems. All the expenses such as travel, lodging, boarding, operation and medicine were taken care of by Mukul Madhav Foundation. M ukul Madhav Foundation also provided spectacles free of cost to the students who were identifi ed as having refractive errors. Later, a weekly and monthly follow-up was also carried out free of cost.
To create awareness among students, teachers and parents, your Company’s medical offi cer spoke on various occasions on health & hygiene, nutrition and locally available balanced diet. He also explained logic to eradicate superstitions related to health. School children, teachers and parents were benefi ted.
Company Contact Information Company Name: Finolex Industries Ltd. Registered Address: Gat No.399, Urse, Taluka Maval City: Pune State: Maharashtra Pincode: 410 506 Phone: 02114-237251 Fax: 02114-237252 Email Id 1: investors@... Email Id 2: investors@fi nolexind.com Website : http://www.finolex.com Year of Establishment: 1981 Name of the Chairman / CEO: Mr. Finolex Industries Ltd Designation: Chairman Karmayog CSR 2008 Rating: 2/5 Link: http://www.karmayog.org/csr1to500/csr1to500_19932.htm Karmayog CSR 2007 Rating: 2/5 Link: http://www.karmayog.org/csr500companies/csr500companies_7783.htm Posted on: 01 Feb, 2010 www.karmayog.org/csr2009