About BEUMER India Private Limited

BEUMER India Private Limited is an amalgamated company of M/S BEUMER Technology India Pvt. Limited. and M/s Enexco Teknologies India Limited.

These companies have been amalgamated with a view to have Synergies in operations to optimize utilization of resources. BEUMER India Private Ltd. is a 100% subsidiary of BEUMER Group in Germany, which was established in 1935.

BEUMER Technology India Pvt. Limited (located with head office in Mumbai) was incorporated in 2003 and Enexco Teknologies India Limited was incorporated in the year 1985. Envisioned with the objective of leadership in intralogistics; in the fields of conveying; loading; palletizing; packaging; sortation and distribution technology, serving core sectors of Airports, Logistics, Cement, Petro-Chem, Mining, Power Plant etc. With an array of engineering products and services, BEUMER India Private Limited has emerged as a successful business enterprise serving India as well as other parts of the world. Over the years, the company has grown significantly in size and volume and equipped itself with necessary resources to meet the growing demands of the industry.

BEUMER India Private Limited is located in Gurgaon near New Delhi; the company has its focus on all the business segments BEUMER Germany is active in. Its rigorous and ethical business practices coupled with a streamlined manufacturing procedure has enabled it to earn an ISO 9001:2015 certification from ROYAL CERT International Registrars, Germany.

The company relates its success to its highly motivated workforce comprising of skilled experienced engineers and trained workers led by a professional management with proven track records. Capitalizing on the vast growth potential that India has on offer and riding on its technological brilliance, BEUMER India Private Limited is constantly delivering cost effective performance oriented solutions in its focused sectors of Airports, Logistics, Cement, Petro-Chem, Mining, Power Plant etc..

Corporate Social Responsibility policy of BEUMER India Private Limited

Content

1. Preamble / Philosophy
2. Definitions
3. Objectives and Guiding Principles
4. Modes of Implementation
5. Focus Areas
6. CSR Expenditure
7. Undertaking CSR Activities.
8. Monitoring of CSR Activities
9. Goals
10. Composition of CSR Committee
11. Disclosures

 

1. PREAMBLE / PHILOSOPHY

At BEUMER India Private Limited (BIL), we believe that Corporate Social Responsibility (CSR) is an integral part of the way we have been doing our business. The Company’s CSR initiatives play pivotal role in improving the lives of the communities and society at large, with an objective to energize, involve and enable them to realize their potential. This shall also enable us to fulfil our commitment to be a socially responsible corporate citizen. It aims to address the challenges and needs that communities face by leveraging the Company’s competencies and solutions. It is aligned to the National development agenda, UN Sustainable Development Goals and UN Global Compact principles

 

2. DEFINITIONS

a. “CSR Activities” shall mean the projects and / or programmes undertaken by the Company either directly or indirectly pursuant to Applicable Laws in accordance with this CSR Policy

b. “Implementation Agencies” refers to any other trust, society or company or any entity established under an Act of parliament or a state legislature or any other agency which is eligible to undertake CSR Activities, on behalf of the Company in compliance with the Applicable Laws.

c. “Rules” means Companies (Corporate Social Responsibility Policy) Rules, 2014, or any other rules prescribed under section 135 of the Act and pertaining to corporate social responsibility, as may be amended and prescribed, from time to time.

 

3. OBJECTIVES AND GUIDING PRINCIPLES

The Company shall follow the following guiding principles for selection, implementation and monitoring of CSR Activities as well as formulation of the Annual Action Plan:

i) In undertaking CSR Activities, the Company shall give preference to the local areas wherein the Company operates or has its offices i.e. areas in the vicinity of its factories, depots and field offices.

ii) The Company shall undertake only such CSR Activities, A) as are identified as Focus Areas under this Policy and B) as are permitted under the Applicable Laws. The Company may also consider national, or state level priorities/ objectives, while identifying CSR Activities.

iii) The Company shall not discriminate against the beneficiaries of the CSR Activities, on any grounds whatsoever, including race, gender, age, ethnicity, caste, religion, domicile, but may focus its CSR Activities to benefit the economically or socially weaker, or marginalised sections, of the society.

iv) The Company shall endeavour utmost transparency in selection, implementation, monitoring and reporting of CSR Activities.

v) The Company shall ensure that all CSR Activities undertaken directly or indirectly, meet applicable standards of quality followed by Company and/or are the market standard for such activities.

vi) The Company shall either undertake the project directly or through Implementation Agency and shall to its best of its ability also ensure that the partners or vendors selected by the Company or the Implementation Agency, satisfy the criterion specified by the Rules (if any) and have relevant experience, good credentials, no criminal track record, and follow the ethical standards.

vii) The Company shall ensure that all the CSR Activities are implemented as per the approved Annual Action Plan authorised by the Board.

 

4. MODE OF IMPLEMENTATION

a. All CSR Activities of BIL shall be undertaken by the Company either directly or through any other Implementation Agency.

b. Subject to Applicable Laws, BIL may collaborate with other companies for undertaking projects or programmes or CSR activities.

c. In case the Company undertakes any CSR Activity through any Implementation Agency, such Implementation Agency shall satisfy the requirements prescribed under the Applicable Laws and shall be approved by the Board.

 

5. FOCUS AREAS

In accordance with the requirements under the Companies Act, 2013, BIL CSR activities, amongst others, will focus on:

a) HUNGER, POVERTY, MALNUTRITION AND HEALTH: Eradicating hunger, poverty and malnutrition, promoting health care including preventinve health care and sanitation as set up by Central Government / State Government for the promotion of sanitation and making available safe drinking water.

b) QUALITY EDUCATION: promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects. Monetary contributions to academic institutions with the objective of assisting students in their studies.

c) GOOD HEALTH AND WELL BEING: Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation set-up by the Central Government / State Government for the promotion of sanitation and making available safe drinking water

d) GOOD HEALTH AND WELL BEING: – Ensuring environmental sustainability, ecological balance, conservation of natural resources and maintaining quality of soil, air and water Including contribution set-up by the Central Government / State Government

e) Contribution to the prime minister’s national relief fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)] / PM Relief Fund or any other fund set up by the central government or any state government for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women.

f) any activities or subjects specified in Schedule VII of the Act

 

6. CSR EXPENDITURE

a) Every year the Company shall spend atleast 2% of its average Net profit as defined under the Rules (“CSR obligation”) during the three immediately preceding financial years, on the CSR Activities as per approved Annual Action Plan.

b) The Company shall not consider any administrative expenses, except the cost of Impact Assessment, in meeting its CSR obligation, provided that, such costs shall not exceed the cap for such impact assessments, prescribed under Applicable Laws.

c) Any amount remaining unspent at the end of the financial year, if any, except in case of an ongoing project, shall be transferred to a Fund to be specified in Schedule VII for this purpose, within a period of six months of the expiry of the relevant financial year.

d) In case the Company undertakes any ongoing project, any amount remaining unspent and earmarked for the ongoing project, shall be transferred within a period of thirty days from the end of the financial year to a special account to be opened for that financial year in any scheduled bank to be called the ‘Unspent Corporate Social Responsibility Account’, and such amount shall be spent within a period of three financial years from the date of such transfer, failing which, the unspent amount shall be transferred to the Fund to specified in Schedule VII for this purpose, within a period of thirty days from the date of completion of the third financial year.

e) Any surplus arising out of CSR projects, programmes or activities shall not form part of the business profits of the Company and shall be utilized towards the eligible CSR Activities / addressed in accordance with Applicable Laws.

 

7. UNDERTAKING CSR ACTIVITIES

BIL will undertake its CSR Activities to be undertaken by the Company under the Policy shall be approved by way of Annual Action Plan by the Board on the recommendation of the CSR Committee.

The Annual Action Plan shall, inter alia, contain the following information with respect to the CSR
Activity proposed to be undertaken by the Company:
i) list of CSR Activities to be undertaken in the relevant financial year;
ii) local area where the CSR Activities are to be undertaken;
iii) manner of execution;
iv) modalities of utilisation of funds;
v) implementation schedule;
vi) monitoring and reporting mechanism; and
vii) details of need and impact assessment, in case required.

 

8. MONITORING OF CSR ACTIVITIES

a) The CSR Activities will be effectively and objectively monitored using appropriate monitoring tools that may include one or more of the third-party audit(s) or certification(s), impact assessment(s), self assessment report(s), field visit(s), periodical review(s) or any other appropriate mechanism as the Committee may deems fit.

b) The CSR Committee shall review the progress on Annual Action Plan preferably on Half yearly basis in a year.

c) The Board shall review the status of implementation and fund utilization of the various projects and programmes as per approved Annual Action Plan at least once in a year.

d) For the Board to satisfy itself that disbursed CSR funds have been utilized for its intended use, it can rely on the certificate issued by the CFO.

 

9. GOALS

1. Hunger, poverty, malnutrition and healthcare

Zero Hunger – Zero Hunger is the 2nd goal of the UN Sustainable Development Goals and Good health and well being is 3rd goal of UN Sustainable Development Goals. Our Goal is to end hunger, achieve food security and improved nutrition and promote sustainable agriculture and to achieve this goal BIL is already working with / providing monetary Contributions to Non-profit organizations that run mid-day meal programs in schools across India.

BIL will work with / provide monetary contributions to organizations working in medical or health-related projects such as providing support for cancer treatment, cataract surgeries, etc

2. Education

Education is the 4th goal of the UN Sustainable Development Goals. Investing in young people is essential when it comes to creating a viable future for communities and BIL focus on education will be on two fronts:

(a) To work with / provide monetary contributions to various non-profit organisations to train students from under privileged backgrounds in its various development centres.

(b) Provide grants to various colleges / schools / NGOs in India for improving their infrastructure related requirements.

3. Good Health and Well Being

Good Health and well being is 3rd Goal of UN Sustainable Development Goals.

 

10. COMPOSITION OF THE CSR COMMITTEE

As per the requirement under the Companies Act, 2013 and rules framed thereunder, the Board of Directors has constituted CSR Committee. The following is the present composition of this committee.

1. Dr. Hermann Bernhard Brunsen, Chairman
2. Mr. Nitin Vyas, Managing Director – Member
3. Mr. Rajnish Magan, CFO – Member
4. Mr. Rohitt Kapur, Head FA & CS – Member
5. Ms. Ruby Kumar, Head P&C – Member

The mandate of the CSR Committee is essentially to:
a. formulates and recommend to the Board of Directors, the CSR Policy and the CSR activities to be undertaken
b. recommends CSR projects, which are in line with the activities specified in Schedule VII, to be undertaken by the Company
c. recommends the amount of expenditure to be incurred on CSR projects
d. monitor CSR policy from time to time

 

11. DISCLOSURES

Annual Disclosures on CSR Activities shall be included in the Board’s Report forming part of Company’s Annual Report

 

12 MISCELLANEOUS

a) This Policy shall remain in force unless amended or withdrawn.
b) The Managing Director & Chief Financial Officer Officer and the Company Secretary are jointly authorized to amend this Policy to appropriately incorporate statutory amendments relating to corporate social responsibility from time to time. Such amended policy shall be placed before the CSR Committee and the Board for information and noting.
c) The Board may, in accordance with Applicable Laws, alter, amend, review, substitute this Policy as and when required without any prior intimation to any stakeholder for justified reasons.