Compliance

 

At Paramount Products Private Limited, Social Compliance has been an Integral and Top Priority Area of Concern for us.

  • With more than a decade of experience with Social Compliance Audits, we ensure that :
  • Our factory conditions(Health & Safety, Fire Safety, Electrical & Machine Safety), Environmental Practices and Chemical Handling meets the best of the Industry Standards.
  • We treat every worker with respect to work hours, work conditions and wages promoting ethical working environment in our factories.
  • We ensure to follow diverse local laws and buyer code of conducts related to Labor Practices, Environment and Chemicals Handling, Fire Safety, Health Safety etc.
Audit Status

Our factories are successfully & regularly audited by:

Our Buyers:

Inditex Zara, H&M, Primark, Sainsbury, NEXT, Best Sellers, River Island, ASOS, Mango etc.

Third Party Audit Agencies (Nominated by Our Buyers):

ITS, BV, SGS, TUV SUD etc.

Common Code of Conduct Audits:

BSCI and SMETA Audits.

amfori BSCI

Recently certified by Control Union as well for GOTS and GRS Certification. We are a member of Better Cotton Initiative BCI as well.

We have been conscious of growing Global Environmental Concerns and has been taking adequate initiatives to control our Carbon Footprints.

Steps taken so far:

  • Discharge of treated waste water generated from washing sections with the help of installed Effluent Treatment Plants.
  • Roof top installed Solar Power plants have been providing clean energy and have been contributing in saving 10-15% of electricity purchased from State Electricity Boards.
  • Diesel fired boilers have been converted on PNG which is a cleaner fuel and has been greatly instrumental in reducing our carbon footprints besides being economical.
  • Rain water harvesting is also in place to facilitate recharging of ground water using rain/storm water from roof tops and corridors.
  • Fresh water usage is also reduced by using RO system reject water in washrooms for flushing.

Regular compliances in our factories is maintained as below:

We have all the required licenses, registrations & NOCs etc. such as Company Registration, IEC Code, AEPC Membership, GST Registration, Factory License, Principal employer contractor registration, contractor licenses, fire and pollution NOCs, Hazardous waste NOCs, Building stability certificate and approved building layout plans, DG, Transformer, Lift installation certificate and approvals etc.

Periodic monitoring of ambient air quality, DG noise levels, Drinking water quality, Waste water quality, stack monitoring etc. is also done.

Besides the Fire NOC, the factories are facilitated with Fire water hydrant lines with dedicated fire water storage tank, automated pump system with dedicated DG set, Sprinklers system and smoke detectors, Fire alarm system with dedicated inverted power system and sufficient numbers of fire extinguishers and fire sand buckets. The systems are operated by trained operators and workers are given regular fire safety mock drill training on quarterly basis.

Periodic monitoring of Ambient air quality, stack emissions, drinking water test report, DG set Noise level, waste water quality test reports etc. is done and reports maintained. We also get the periodic health check-ups of spotters, DG operators, chemical handling responsible, kitchen staff etc. PPEs such as dust mask, chemical masks, wire mesh gloves, safety goggles, rubber gloves, gum boots and aprons etc.are being provided to workers and workers are being constantly trained to use the provided PPEs.

IT policy is a guide for use of Computers, Operating and Applied Software and other equipment / accessories provided during the course of employment in the organization. Employees are strictly prohibited from using any technology to view, listen to or communicate offensive, defamatory or disruptive content.

We are also enforcing documentation control procedures. The purpose of this process is to ensure that the proper documentation of all the activities being done are properly maintained. We ensure that various compliance related activities such as committee meetings, training such as induction training, fire and first aid training, chemicals and PPEs training, procedures such as personnel files, wages and benefits records etc. are properly maintained at all times.

Besides latest version of documentations such as policies and procedures including reporting formats etc are available and used at all times.

Chemical stores are provided in separate dedicated space. Secondary containments for chemicals are ensured, chemical storage is done on the basis of hazard risk levels and compatibility. Stored chemicals are properly labelled, MSDSs are displayed and chemicals are handled by dedicated well trained person. Fire safety provisions have been done and workers are regularly trained for chemicals handling & PPEs.

We have chemical management team/ICA which takes care for chemical compliance. They study the specification of product based on REACH/MRSL/RSL requirement. Chemicals are purchased only after ICA approval in written. Other teams can’t purchase chemicals directly without ICA approval. ICA keeps the record of purchase/ chemical inventory.

We respect and don't restrict workers’ rights to form or join joining unions of their choice. We also facilitate worker-management communications with various committees such as Works Committee, Prevention of Sexual Harassment Committee, Grievance Handling Committee, Internal Complaints Committee, Health & safety Committee, Canteen Committee etc. The committees also have representation of senior management officials as per law and to facilitate quick decision making in providing quick solution to reported issues.

Regular induction training are done for workers especially for newly appointed workers at the time of entry itself. Induction training cover company policies, procedures and routines, working environment, roles are responsibilities, wages and benefits, fire safety, health safety, various facilities and other routines etc.

We have and we follow policies such as No Child labour, Child labour remediation plan, No Discrimination, No Harassment or abuse, Health & Safety Policy, Broken needle and Sharp tool policy, Metal detection policy, Chemicals purchase, storage, handling and usage policy, Environmental policy, New Worker Induction policy, Company’s overall Social Compliance Policy, Business Ethics Policy, Anti-Bribery Policy, Subcontractor Monitoring and Control Policy, No Smoking Policy, Whistle blower policy etc.

Dedicated DG sets for back-up power, Solar power panels, PNG fired boilers and RO system for purified drinking water are provided in each of the factories. Pest control is done on weekly basis in all the units and dedicated house keeping incharges are working and guiding the housekeeping staff to ensure proper housekeeping at all times.

Risk assessments are done on regular basis to map the hazards associated with various operations and in various production sections. Risk assessments are done along-with worker representatives and concerned operators and include vulnerable workers, migrant workers, child workers, pregnant workers etc. Regular training about Fire safety, First aid, Machine safety, Health & safety, PPEs, Chemicals & regular induction training are being done for all the workers.

All of our factories are facilitated with worker’s canteen, medical room, creche etc. in line with local law and buyer’s requirements. Canteen has required hygiene certificates, medical room has trained nurse facilitated with doctor’s visits and creche has dedicated creche caretaker staff.

1. M/s Acus Creation Flat No. 186, Giri Nagar Kalkaji New Delhi PIN Code:110019

Acus Creation Affidavit 1 Click To Open Acus Creation Affidavit Click To Open
Acus Creation Self Declaration Click To Open Agreement Click To Open
ESIC Registration Certificate Click To Open Form - V Click To Open
Form VI-B.pdf Click To Open GST Registration Certificate Click To Open
PF Registration Certificate Click To Open PPPl Affidavit Click To Open
PPPL Affidavit 1 Click To Open PPPl Self Declration Click To Open


2. RiverCraft RZ-62/9, Tuglakabad Extension, New Delhi - 110019

Adhar card Of prop Click To Open Affadavit Paramount Wage Click To Open
Affadavit Paramount Click To Open Affidavit Riverkraft Wage Click To Open
Affidavit Riverkraft Click To Open Agreement PPPL & Riverkraft Click To Open
Bank Transfer Advice Click To Open Deepak Bajaj Aadhaar Card Click To Open
ESIC Challan Click To Open Extion Letter Click To Open
Form VI-B Click To Open Muster Roll Click To Open
PF Challan Click To Open Salary Register Click To Open
Salary Slip Click To Open Self Declration By Contractor Click To Open
Self Declration by Principal Employer Click To Open Website Letter Click To Open

CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY

 

  1. BRIEF INTRODUCTION OF THE COMPANY

 

Paramount Products Private Limited (hereinafter referred to as ‘the Company’) is a Private limited Company incorporated in 1973 under the provisions of Companies act, 1956. The main business of the company is manufacturing of all types of textile garments and clothing accessories.

 

In order to be a good corporate citizen and to aid those who are in need, the Company adopts a Corporate Social Responsibility Policy (‘CSR Policy’) based on the Companies Act, 2013 (hereinafter referred to as 'the Act') read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as 'the CSR Rules'), as amended from time to time. Policy shall guide for investing in impactful programs or activities aligned to the activities listed in Schedule VII of the Companies Act, 2013 and are independent of the normal conduct of  the Company’s business. 

 

  1. CSR VISION

 

The Company believes that the true spirit of Corporate Social Responsibility goes beyond compliance rather it is one’s engagement and commitment towards taking actions  towards social good, beyond one’s self interest and that which is required by the Law. CSR is an exercise which aims at letting the Company embrace responsibility for its actions and encourages a positive impact through its activities on various stakeholders and to the environment.

 

  1. OBJECTIVES OF THE POLICY

 

The objectives of the policy are to:

 

  • Outline the company’s philosophy and responsibility as a corporate citizen of India. It lays down the guidelines and mechanism for undertaking CSR activities.

 

  • To undertake projects/programs which focuses to give back to the society and to create and promote equitable & sustainable Societies.

 

 

  1. PERTINANCY

 

The policy shall be applicable to the Company, Paramount Products Private Limited

 

  • CSR Policy of the Company has been developed in conformity with Section 135 of the Companies Act, 2013 and in accordance with Companies (Corporate Social Responsibility Policy) Rules, 2014 as notified by the Ministry of Corporate Affairs, Government of India.

 

  • The projects/programs undertaken by the Company in India shall be per the Schedule VII of the Companies Act, 2013.

 

  • The surplus arising out of the CSR projects or programs, or activities shall not form part of the business profit of the Company.
  • Contribution of any amount directly or indirectly to any political party will not constitute the CSR activity.

 

  • The CSR projects or programs or activities that benefit only the employees of company and their families shall not be considered as CSR activities in accordance with Section 135 of the Act.

 

  1. COMPOSITION OF CSR COMMITTEE

 

5.1 Composition of CSR Committee:

The composition of the Corporate Social Responsibility Committee of the Board shall be notified from time to time, in terms of the provisions of Sub – section (1) of Section 135 of the Companies Act, 2013

 

Presently, The CSR Committee consists of the following Directors:

 

S. No.

Name of the Director

 

1.

Surinder Mahajan

2.

Narinder Mahajan

3.

Sumit Mahajan

 

 

5.2 Quorum of CSR Committee-

 

The quorum for a meeting of the CSR Committee shall be one third of its total strength or 

Two directors, whichever is higher.

 

5.3 Meeting of CSR Committee-

 

The CSR Committee shall hold a minimum number of 2 meetings during the financial year.

 

5.4 Responsibility of the CSR Committee-

 

  1. Formulation of CSR Policy.

 

  1. Recommendation of the CSR Policy to the Board of Directors.

 

  1. Identification of CSR activities which shall be covered within the purview of Section 135 & Schedule VII of the Companies Act, 2013.

 

  1. Develop and approve various CSR projects, programs and activities to be undertaken from time to time either directly by the Company or through other entities

 

  1. To prepare Annual Action Plan 

 

  1. Recommendation of CSR expenditure to be incurred, to the Board.

 

  1. Effective monitoring the implementation of the CSR Policy.

 

 

5.5 Responsibility of Board of Directors

 

The Board of Directors of the Company shall be responsible for: 

 

  1. Approving the CSR policy formulated by the CSR Committee.
  2. Disclosing the contents of the Policy in Boards’ report
  3. Ensuring that the Company spends at least 2% of the average net profits before taxation made during the three immediately preceding financial years.
  4. Ensuring that the funds allocated for expenditure on CSR activities are spent only on those activities.
  5. Ensuring annual reporting to the MCA as per the prescribed format.

 

 

  1. FOCUS AREAS AND MODES OF IMPLEMENTATION

 

In accordance with the requirements under the Companies Act, 2013 and/or the rules / regulations framed thereunder and circulars / clarifications issued in this regard (collectively, “Applicable Law”), the Company’s CSR activities, amongst others, will focus on:

 

  1. HUNGER, POVERTY, MALNUTRITION AND HEALTH: Eradicating extreme hunger, poverty and malnutrition, promoting preventive healthcare and sanitation and making available safe drinking water through handpumps, bore wells, piped drinking water and water storage. Health care for visually impaired, and physically challenged.

Primary health care centres including Mother and Childcare projects. Other Preventative health care through general awareness programs and projects.

 

  1. EDUCATION: Promotion of education especially among children, Street Children, women, elderly and differently abled through:
  • Improving educational facilities in general.
  • Non‐formal education programs.
  • Supporting primary school with innovative literacy models etc
  • Supporting children particularly who are in distress and in need for higher education.
  • Supporting other educational institutions/NGO's.

 

  1. RURAL DEVELOPMENT PROJECTS: Strengthening rural areas by improving accessibility, housing, drinking water, sanitation, power and livelihoods, thereby creating sustainable villages.
  1. GENDER EQUALITY AND EMPOWERMENT OF WOMEN: Promoting gender equality and empowering women; setting up homes, hostels and day care centers for women and orphans; setting up old age homes and other similar facilities for senior citizens; and adopting measures for reducing inequalities faced by socially and economically backward groups.

 

  1. ENVIRONMENTAL SUSTAINABILITY: Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining the quality of soil, air and water.

 

  1. NATIONAL HERITAGE, ART AND CULTURE: Protecting national heritage, art and culture, including the restoration of buildings, sites of historical importance, and works of art; setting up public libraries; reviving, promoting and developing traditional arts and handicrafts.

 

  1. MODES OF IMPLEMENTATION:

The Company's CSR Programs will be implemented through (i) Company personnel, and / or (ii) external implementing agencies. CSR activities may be undertaken through various implementing agencies including registered trusts/ societies or companies or autonomous bodies/government departments. In case of NGOs/Trusts/Pvt. Ltd. Companies, an established track record of 03 years in undertaking similar projects or programs would be essential.

 

 

  1. CSR EXPENDITURE

 

CSR Committee will recommend 2% of the average net profits earned during three immediately preceding financial years as CSR Allocation for the year and recommend the project specific annual budget for expenditure to the Board for its consideration and approval. CSR expenditure will include all expenditure, direct and indirect, incurred by the Company on CSR Programs undertaken in accordance with the approved CSR Projects.

 

Moreover, any surplus arising from any CSR Programs shall be used for CSR only. Accordingly, any income arising from CSR Programs will be netted off from the CSR expenditure and such net amount will be reported as CSR expenditure.

Unspent amount of the annual CSR budget shall be dealt with as per the CSR Amendment Rules 2021, or as amended by the Government time to time

 

  1. UNDERTAKING CSR ACTIVITIES

 

The programs and projects shall be identified by the CSR Committee and thereafter shall be implemented subject to Board’s approval of the policy. The Company shall design an effective monitoring and implementation mechanism incorporating the following elements: 

 

  1. Stakeholder Consultation
  2. Identification of objectives.
  3. Planning and formulation.
  4. Adopting efficient control techniques.
  5. Conclusive result oriented evaluation.

 

 

  1. MONITORING MECHANISM

 

The CSR Committee will be responsible for monitoring of the implementation of the CSR Policy of the Company and shall ensure transparency and effective implementation of the CSR programs undertaken at each work centre, a robust monitoring mechanism will be instituted by the company, providing for periodic monitoring at different levels.

 

 

  1. REPORTING FRAMEWORK

 

An Annual Report on CSR containing details about the CSR policy and programs implemented by Company shall be included in the Board of Directors’ Report for every Financial Year, as per the format prescribed under the Rules to Section 135 of Companies Act, 2013.

 

Composition of CSR Committee will be included in the Annual Report on CSR and also displayed on the Company website.

 

The Board of Directors’ Report shall include a Responsibility Statement of the CSR Committee that the implementation and monitoring of CSR Policy is in compliance with CSR objectives and Policy of company.

 

If for some reason, company fails to spend 2% of the average net profit of the preceding three Financial Year on CSR, the reasons thereof, shall be furnished in the report of the Board of Directors under Section 134 (3) (o) of the Companies Act, 2013.

 

  1. PUBLICATION OF THE POLICY

 

The CSR policy recommended by the Committee and approved by the Board shall be displayed on the Company’s website for public viewing.

 

  1. AMENDMENT

 

The Company or the Board reserves its right to amend or modify this Policy in whole or in part, at any time without assigning any reason whatsoever. However, no such amendment or modification shall be inconsistent with the applicable provisions of the Act or any law for the time being in force.