Schedules forming part of the Financial ... - Thomas Cook India

(iii) Risk Committee:
Thomas Cook (India) Limited
The Managing Director chairs the meetings of the Risk Committee and the person in charge of the Business Process Improvement &
Audit function acts as Rapporteur for this Committee. The Group Leadership Team members are the other members of the Committee.
It meets quarterly to address the risk issues relating to various business and support areas and monitor the critical factors in order to
effectively address them. Areas covered by this Committee are Control Policies, Business Continuity Plans, Foreign exchange coverage
operations, Debtors control, Advances control, Blank Travellers’ Cheques stocks exposure, Compliance Audit (FEMA & Others),
Information Systems Security, Physical Security, Remittance operations etc. It reports into the Audit Committee of the Company.
5. Other Qualitative Information:
(i) Contribution to Society:
The Company has set up a foundation – “Thomas Cook Cares ….” – which will focus on activities related to women empowerment,
education, health, environment and wildlife, arts and crafts etc. This foundation is pending registration with the Charity Commissioner’s
Office.
The Company will set aside ` 10 lakhs every year for social activities to be undertaken by this foundation. Five employees of the
Company have been nominated as Trustees for this foundation.
During the year, the Company has undertaken the following activities:
1. “Jeevan Jyot Centre” has been established in collaboration with Nirmala Niketan College of Social Work at Mumbai. This centre
will be a strategic support centre for people infected and affected by sexually transmitted diseases, chiefly AIDS. Thomas Cook
Cares will support this cause by initially setting up the centre in a busy locality. Thomas Cook Cares organized a programme for
distributing umbrellas and books to the infected and affected student population. More than 200 students benefited from the
generosity of a private donor. Thomas Cook Cares sponsored the eats during the distribution programme for students and their
parents. At the same event, the infected and affected adults were apprised of various Government schemes they could enroll
for financial and rehabilitative support. Thomas Cook Cares has commenced “Vocational & Career Guidance” counseling for the
youth affected / infected by HIV. The Legal Aid cell is now functional - free services provided three days a week. “Alternative
Medicine / Therapy” is now being provided at the Centre (Homeopathic medicine).
2. On World No Tobacco Day (May 31), three cancer detection camps were sponsored - one for the Mumbai Police and other two
for the lower level strata of society. More than a 1000 people attended these camps in Mumbai where the Cancer Patients Aid
Association (CPAA) provided technical support.
3. On World Environment Day (June 8), the Company sponsored planting of 200+ saplings across cities in India where it has
branches.
4. A group of employees from our branch in Agra collaborated with the Taj Group of Hotels to clean up the banks of the Yamuna,
and the river per se, on which the world famous Taj Mahal monument is located.
5. A cancer detection camp was organized for police personnel associated with the Dharavi Police Station – a police station in Asia’s
largest slum.
6. A physically challenged person has been provided with a specially fitted motorbike to enable him earn a livelihood selling
domestic goods on a door to door basis.
7. Thomas Cook Cares will be vigorously supporting a residential school for 50 mentally challenged children of extremely poor
farmers from around 300 villages near the city of Kolhapur. Substantial funds have been provided for basic amenities, teacher’s
training and food for the inmates. Efforts are on to garner state support and support from various private trusts to develop the
site and for providing day to day financial support.
8. The Company participated in a drive to raise funds for the Cancer Patients Aid Association.
9. The foundation sponsored the air passage to South Korea of a deaf artist from India – so he could showcase his works at the
World Deaf Artist Exchange Art exhibition.
10. The foundation organised a fun filled city tour of Mumbai for more than 25 mentally and physically challenged children of an
institution in Mumbai, on the occasion of “Children’s Day” (14th November).
11. The Company has sponsored administrative arrangements, lunch, transport etc of over 1000 students of schools meant for
children of the poor strata of society. Over a 2 month period these children will be exposed to music, art, dance, sports and
various cultural activities. At a gala evening in mid December, these children have showcased their talents. 100 most talented
children will be awarded a scholarship to pursue a vocational course of their choice.
12. The Company continues to promote Travel and Tourism related education by providing ‘Vocational / On the Job’ Training to
students of the degree courses offered by various Universities.
13. The Company continues to be an active core committee member of the Heritage Mile Association, which seeks to conserve and
enhance the architectural beauty of structures in the Hutatma Chowk to C.S.T. area in Mumbai.
14. Give India, an NGO mobilizes funds from Corporates for various other NGOs in many ways. One such initiative is inviting
participation from Corporates in the “Joy of Giving Week” in December. Corporates choose an NGO and raise funds for it through
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