Mr. Kekoo S. Nicholson (President) - Cricket Club of India. Kekoo S. Nicholson (President) Mr....

Mr. Kekoo S. Nicholson (President)

Mr. Kapill K. Malhotra (Vice President)

Cmde. N. K. Jha ( Secretary)

The Cricket Club of India Ltd.

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CLUB MANAGEMENT

EXECUTIVE COMMITTEE

Mr. Kekoo S. Nicholson (President)Mr. Kapill K. Malhotra (Vice President)Mr. Premal H. Udani (Hon. Treasurer)Mr. Sureshkumar S. Bafna (Jt. Hon. Treasurer)Mr. Sachin P. BajajMr. Sewakpal A. BediMr. Nitin G. DossaMr. Rajan R. HiranandaniMr. Rakesh B. KapoorMr. Sanju S. KothariMr. Manan K. MashruwalaMr. Darayus A. Mehta Mr. Naval F. PandoleMr. Sevanti J. ParekhMr. Niraj N. RungtaMr. Noel N. Tata (Nominated w.e.f. 09.04.2010)

Commodore N. K. Jha, NM, VSM (Retd) (Secretary)

REGISTERED OFFICE BANKERSJ. N.Tata Pavilion Bank of IndiaBrabourne Stadium Syndicate Bank Dinshaw Vachha Road Bank of Baroda Mumbai - 400 020. HDFC Bank Ltd.CIN: U92411MH1933PLC002813 Axis Bank Ltd.Email : [email protected] Yes Bank Ltd.Website : www.thecricketclubofindia.com AUDITORS INTERNAL AUDITORS M/s. Khandelwal Jain & Co. M/s. Ashok Kapadia & Co.Chartered Accountants, Chartered Accountants,6-B, Pil Court, 6th Floor, 111, 607, Auto Commerce House, M. K. Road, Kennedy Bridge. Nana Chowk,Mumbai - 400 020 Mumbai – 400 007

PRACTISING COMPANY SECRETARY LEGAL ADVISORKaushik M. Jhaveri & Co., Ashwin Ankhad & Associates407, Kapadia Chambers, Advocates, Solicitors & Notary, 599, Jagannath Shankar Sheth Road, 101, Podar Chambers, 1st floor, Marine Lines (E), S. A. Brelvi Road, Mumbai – 400 002 Near Horniman Circle, Fort, Mumbai – 400 001

81st Annual Report and Accounts 2014-15

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Notes

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EXECUTIVE COMMITTEE REPORTThe Executive Committee has pleasure in presenting the Eighty first Annual Report of the Club along with the Audited Statement of Accounts for the year ended March 31, 2015. While listing out progress of various works and flagging our concerns, status as obtaining in the first week of August 2015 has been highlighted to make the report contemporary.

GENERAL MEETING The Eightieth Annual General Meeting of the Club was held at the Main Lawns on Friday, 10th October 2014 at 5.00 p.m. under the Chairmanship of Mr. Sevanti J. Parekh.

Five Members of the Executive Committee were elected under the Articles of Association of the Club: Mr. Sewakpal A. Bedi, Mr. Nitin G. Dossa, Mr. Darayus A. Mehta, Mr. Kekoo S. Nicholson and Mr. Premal H. Udani.

Mr. Kekoo S. Nicholson was elected as the President of the Club for a term of two years, from 2014 to 2016, i.e. until the close of the Annual General Meeting held after the immediate next Annual General Meeting or until he ceases to be a Member of the Executive Committee whichever shall be earlier.

Mr. Premal H. Udani was elected as the Honorary Treasurer for a term of two years, from 2014 to 2016, i.e. until the close of the Annual General Meeting held after the immediate next Annual General Meeting or until he ceases to be a Member of the Executive Committee whichever shall be earlier.

Messrs. Khandelwal Jain & Co. were appointed Auditors for the ensuing year to carry out the Monthly and Annual Audits.

OBITUARY The Club deeply mourn the sad demise of the following Members (during the period from 22nd August 2014 to 31st August 2015 ) :

Sr. No.

M. No. Member’s Name

1 1709181 ADIK GOVINDRAO W2 3602084 ADVANI CHAMPA M.3 1408549 AGARWAL PRADEEP J4 2208932 AGGARWAL ANILKUMAR R5 3602529 AMERSEY HANSA T6 0100316 ANGRE SHIVAJIRAO C7 2203455 ARTE RAMESH V.8 3601513 ASAR PUSHPA D9 3301084 ASSOMULL KALAVATI G10 1408242 BALSARA SAROSH D11 3702021 BARCHHA USHA N12 1104579 BEHL KEWAL K13 1005405 BHAGWATI NAVINCHANDRA N14 2209513 BISMILLA FAKRUDDIN D15 1609105 BULSARA BOMI S.16 1104899 CHANRAI BHAGWAN B17 1005141 CHANRAI MADHU B

Sr. No.


18 3602280 CHOKSHI HIRA S19 1005322 DALAL SURESH S20 2209951 DARUWALLA FREDDY K21 1103852 DAYAL JACKIS G22 1510871 DEORA MURLI S23 1104832 DESAI KANTILAL M24 1104008 DESAI MAHESH P25 1307724 DESAI PRASHANT S26 1104409 DHUPIA AUTARSING C27 0500026 DOSSA ANANDJI28 1104328 DUBASH JEHANGIR P29 1005064 GANGJI SADRUDDIN A30 1005979 GARWARE RAMESH B31 2205664 GOKAL RAMANLAL J32 2501174 GUZDER JAMSHED N33 1206865 HARJANI NARAINDAS V34 3601725 HAVELIVALA FATEMA I


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Sr. No.


35 1104710 JADEJA BHUPENDRASINH H36 1307300 JADVANI LAL T37 1206520 JAISING YOGESHKUMAR S38 1005334 JHANGIANI MOHAN J39 2205701 KALYANI NEELKANTH A40 1307051 KAPADIA DINESH D41 1006131 KAPADIA DWARKADAS D42 1307032 KAPADIA HANSRAJ V43 2204046 KAPADIA MINOO N44 3602776 KAPADIA SHIRIN C45 3401256 KAPADIA URMILA K46 3602462 KERMANI PERIN N47 1005534 KHUBCHANDANI CHAIN T48 3000499 KIMATRAI MOHINI V49 1005625 KOCHHAR KRISHAN50 2205659 MAHESHWARI KRISHNA G51 5212057 MALHOTRA KARAN R52 3602677 MANGHIRMALANI PADMA P53 1104982 MANSATA VITHALDAS B54 3601993 MANSHARAMANI RATNA H55 1006157 MEHRA LALITKUMAR B56 2206794 MEHTA CHAMPAKLAL U57 3601508 MEHTA NERGEZ H58 1206894 MEHTA ROHIT C59 1609777 MEHTA SUNIL G60 1006029 MERCHANT MAHENDRA M61 3602679 MINAWALA GEETA S62 1307198 MITTAL SHANKARLAL G63 3602689 MODY MAKI R64 1006113 MULANI ARUNKUMAR G65 1102473 MULLA DADI S66 1005991 MULLA FARDUN N67 1105140 MUNSHI DARA F68 3600729 NARICHANIA ANNETTE V69 2206419 NAYAR BRIJ B70 1307202 NAYAR KULDEEP K71 3602522 OZA GULAB P72 1006007 PANANLAL NARENDRA V73 2208996 PARANJAPE HEMANT D74 2209355 PARIKH PARAG S75 1005893 PATEL SURYAKANT S

Sr. No.


76 1307714 PHERWANI SHYAM H77 1104180 PODDAR KASHI P78 1307217 PRUTHI SURINDER P79 3600920 PUAR MRUNALINIDEVI A80 3602643 PUNWANI CHANDRA D81 1105167 PURSHOTTAMDAS BHARTIA N82 1005892 RAMANI RAJGOPAL83 3602621 RAMCHANDANI GULU G84 1408634 RIJHWANI MOHAN D85 1102777 SAHER NOSHIR N86 2206445 SAMPAT MADHAVDAS M87 1510605 SAMPAT MAHENDRA K88 1709429 SANGHI RAJESH R89 1709397 SHAH ARVIND H90 1005176 SHAH BHAGWANDAS C91 3602493 SHAH CONSTANCE J92 1006304 SHAH JETHALAL R93 3401119 SHAH MALTI N94 1206534 SHAH UDAY R95 1006251 SHETH ARVIND S96 2001480 SIDHWA NOSHIR D97 1104820 SINGH BIKRAM J98 1307837 SINGH MADHAVENDRA B99 1510679 SOMAYA VIJAY G100 1307640 SUREKA BIMAL K101 2210400 SURI MADAN M102 2210907 TALEYARKHAN RASHEID J103 3602527 THACKERSEY RANNA P104 3602277 THADANI JER J105 2001336 VACCHA RUSTOM P106 2111307 VAHANVATI ESSANJI GOOLAM E107 1307375 VAIDYA NATWARLAL D108 3601130 VAKIL AVAN M109 3000473 VASWANI SHEELA R110 1004996 VAZIRANI PARASRAM J111 3602744 VIG RAJ UNTI R112 1609797 VORA YOGESH N113 2211226 ZAVERI BHAVESH B


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MEMBERSHIP During the year under review, the following new Members were elected.

As on 31.03.2015

As on 31.03.2014

MEMBER’S SON-LIFE 119 75MEMBER’S SON-ORDINARY 21 22MEMBER’S DAUGHTER-LIFE 118 82MEMBER’S DAUGHTER ORDINARY 29 42SERVICE MEMBERS GRANTED ORDINARY 0 3SERVICE MEMBERS GRANTED HONORARY 8 3MEMBERS WIDOWS –GYMKHANA 50 56CORPORATE MEMBERS 12 10SERVICE MEMBERS 17 14SHORT TERM 0 0HONORARY 9 9Only Members’ Sons and Daughters (Both above 25 years and below 25 years of age) are being taken as Life and Ordinary Members.

VOTING MEMBERS As on 31.03.2015

As on 31.03.2014

PATRON IN CHIEF 0 1HONORARY PATRONS 3 4PATRONS 2 4FOUNDER MEMBERS 1 3LIFE MEMBERS 4,255 4,050ORDINARY MEMBERS 3,674 3,690TOTAL 7,935 7,752NON - VOTING MEMBERSGYMKHANA 1,544 1,543CORPORATE MEMBERS 424 416SERVICE MEMBERS 78 66SHORT TERM MEMBERS 0 0HONORARY MEMBERS 232 232PLAYING MEMBERS 29 29TOTAL 2,307 2,286GRAND TOTAL 10,242 10,038

Note : In accordance with the provisions of the Articles of Association of the Club, the Committee elected promising young sportsmen as Playing Members.


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CONSTITUTION OF COMMITTEES (w.e.f. Nov. 2014)

COMMITTEES1. BALLOTING 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Rajan R. Hiranandani Vice Chairman3 Mr. Yatin Vaghani Hon. Secretary4 Mr. Ajay M. Batheja 5 Mr. Sewakpal A. Bedi 6 Mr. Amit Deepak Bhimani 7 Mr. Ajit Singh Dhingra 8 Mr. Nitin G. Dossa 9 Mr. Rakesh B. Kapoor 10 Mr. Hiren N. Kara 11 Mr. Sanju S. Kothari 12 Mr. Kapill K. Malhotra 13 Mr. Jitendra Pal Mehra 14 Mr.Jimmy Pochkhanawalla 15 Dr. Rajiv Sharma 16 Mr. Suresh Seth 17 Mr. Shrikant Somani 18 Mr. Rajkumar Sukhdevsinhji 19 Mr. Premal H. Udani 20 Mr. Ranjeet D. Vaswani

2. INVESTMENT 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Premal H. Udani Vice Chairman3 Mr. Vipul P. Dalal Hon. Secretary4 Mr. Sureshkumar S. Bafna 5 Mr. Amit Dalal 6 Mr. Jiten Doshi 7 Mr. Hiten M. Laijawala 8 Mr. Darius Pandole

3. HOUSE1 Mr. Kekoo S. Nicholson Chairman2 Mr. Darayus A. Mehta Vice Chairman3 Mr. Neel Dalal Hon. Secretary4 Mr. Khuzaima Arsiwala 5 Mr. Polaad Dadyburjor 6 Mr. Munish Dhawan 7 Mr. Manoj Nandkishor Jalan 8 Mr. Hersh Kotecha

4. CATERING 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Sewakpal A. Bedi Vice Chairman3 Mr. Gaurav Patel Hon.Secretary4 Mr. Vineet Agarwal 5 Mr. Bansi K. Barfiwala 6 Mr. Parin Lakhani 7 Mr. Nakul Malhotra 8 Mr. Niraj N. Rungta 9 Ms. Roma Mehta Invitee

5. BAR 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Sewakpal A. Bedi Vice Chairman3 Mr. Nimesh Makharia Hon. Secretary4 Mr. Vijay Chhabria 5 Mr. Suhas Y. Chogale 6 Mr. Zal Kavarana 7 Mr. Kunal Khanna

8 Mr. Sunil Sharma 9 Mr. Puneet Wadhwa

6. ENTERTAINMENT 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Sanju S.Kothari Vice Chairman3 Mr. Vikram Goel Hon. Secretary4 Mr. Nithiij Arenja 5 Ms. Jagruti Gokal 6 Mr. Toony N. Jatia 7 Mr. Deepak Kapadia 8 Mr. Mayank Khandwala 9 Mr. Deepak Melwani

7. LEGAL 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Rajan R. Hiranandani Vice Chairman3 Mr. Kishu Daswani Hon. Secretary4 Mr. Nishit Dhruva 5 Mr. Mohit Kapoor 6 Ms. Shaheda Madraswala 7 Mr. Vineet B. Naik 8 Mr. Rahul Sachdev 9 Ms. Pooja Bajaj Invitee

8. CAPITAL EXPENDITURE 1 Mr. Kekoo S Nicholson Chairman2 Mr. Premal H. Udani Vice Chairman3 Mr. Ajay Aggarwal Hon. Secretary4 Mr. Deepak N. Chandani 5 Mr. Vijay Mishra 6 Mr. Kapil Peshawaria

9. GRIEVANCE & DISCIPLINARY 1 Mr. Kekoo S Nicholson Chairman2 Mr. Naval F. Pandole Vice Chairman3 Mr. Pankaj Savant Hon. Secretary4 Mr. Kamal Jagwani 5 Mr. Umesh M. Katre 6 Mr. Janak Madhavdas 7 Mr. Jay S. Mehta 8 Mr. Amritesh Vaid 9 Mr. Jeevan Virkar

10. AUDIT & EXPENDITURE REVIEW1 Mr. Kekoo S. Nicholson Chairman2 Mr. Premal H. Udani Ex Officio3 Mr. Manish Sampat Hon. Secretary4 Mr. Sureshkumar S. Bafna Ex Officio5 Mr. Arun Arora 6 Mr. Manoj Patodia 7 Mr. Shrenik Shah

11. ESTATE REVIEW 1 Mr. Kekoo S Nicholson Chairman2 Mr. Nitin G. Dossa Vice Chairman3 Mr. Sanjog Parab Hon. Secretary4 Mr. Ashwin Ankhad 5 Mr. Ashok C. Mehta 6 Mr. Rajan R. Hiranandani


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12. INFORMATION TECHNOLOGY (IT)1 Mr. Kekoo S. Nicholson Chairman2 Mr. Manan Mashruwala Vice Chairman3 Mr. Rishi A. Aggarwal Hon.Secretary 4 Mr. Burges Dandiwala 5 Mr. Peerzaad Dadyburjor 6 Mr. Shabbir Motiwala

13. HUMAN RESOURCE (HR)1 Mr. Kekoo S. Nicholson Chairman2 Mr. Sureshkumar S. Bafna Vice Chairman3 Mr. Akash Bahl 4 Mr. Prasad Pradhan 5 Mr. Jamshed Vacha 6 Ms. Kavita Desai Invitee

14. PROJECT IMPLEMENTATION 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Rakesh B. Kapoor Vice Chairman3 Mr. Pankaj Sheth Hon. Secretary4 Mr. Kapill K. Malhotra Ex-officio5 Mr. Premal H. Udani Ex-officio6 Mr. Sureshkumar S. Bafna Ex-officio7 Mr. Sewakpal A. Bedi 8 Mr. Darayus A. Mehta 9 Mr. Niraj N. Rungta

SUB-COMMITTEES :

1. CRICKET 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Kapill K. Malhotra Vice Chairman3 Mr. Sureshkumar S. Bafna Hon. Secretary4 Mr. Sachin P. Bajaj 5 Mr. Zubair Botawala 6 Mr. Tej R. Chawda 7 Mr. Hansraj K. Chawla 8 Mr. Moize E. Ghadially 9 Mr. Vikas Jhunjhunwala 10 Mr. Mangesh Parulekar 11 Mr. Jaideep Sajdeh 12 Mr. Vinayak Samant 13 Mr. Hitshu Bachani Invitee

2. BADMINTON 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Sachin P. Bajaj Vice Chairman3 Mr. Darayus A. Mehta Hon. Secretary4 Mr. Hira Daswani 5 Mr. Mukesh Jain 6 Mr. Sanjay Jhaveri 7 Mr. Salim Nathani 8 Mr. Neil Ramchandani 9 Mr. Nirmal Shah 10 Mr. Deepak Jaitley Invitee11 Ms. Shimoni Shah Invitee

3. HEALTH CLUB (GENTS)1 Mr. Kekoo S. Nicholson Chairman2 Mr. Sureshkumar S. Bafna Vice Chairman3 Mr. Neelkamal Siraj Hon. Secretary4 Mr. Suresh K. Agarwal 5 Mr. Prem Kothari 6 Mr. Dharmesh Keswani 7 Mr. Tejash K. Laijawala 8 Mr. Devesh Sharma 9 Mr. Rustom Titina

HEALTH CLUB (LADIES)1 Ms. Prachi Anadkat Member2 Ms. Saminah S. Madraswala Invitee3 Ms. Ann Shah Invitee4 Ms. Saju Thadani Invitee

4. BILLIARDS & SNOOKER 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Behari M. Bajaj Hon. Secretary3 Mr. Rishabh Amin 4 Mr. Jaiveer Dhingra 5 Mr. Nishant Dossa 6 Mr. Satbir Narula 7 Dr. Phiroze Patel

5. SWIMMING 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Niraj N. Rungta Vice Chairman3 Mr. Hemal Thanawala Hon. Secretary4 Mr. Hemant Mehta 5 Mr. Suraj Dalwani 6 Mr. Rajinder Kumar Mody 7 Mr. Vishal Ootam 8 Mr. Gautam Thadani 9 Mr. Suresh Todi 10 Ms. Neelam J. Kothari Invitee

6. SQUASH 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Naval F. Pandole Vice Chairman3 Mr. Tushar Mashruwala Hon. Secretary4 Mr. Ramesh Bubna 5 Mr. Ajay Chandani 6 Mr. Rishad Pandole 7 Mr. Khalid S. Vohra 8 Mr. Siddharth Ugrankar

7. TENNIS 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Manan K.Mashruwala Vice Chairman3 Mr. Chetan Desai Hon. Secretary4 Mr. Binod Bhagchandka 5 Mr. Vikram Madhav Sampat 6 Ms. Anjali Chandurkar Invitee

8. TABLE-TENNIS 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Manan K.Mashruwala Vice Chairman3 Mr. Amit Poojara Hon. Secretary4 Mr. Pran Kataria 5 Mr. Harsh Nahata 6 Mr. Prakash Punjabi 7 Mr. Milind Sanghvi 8 Mr. Hoshang K. Vajifdar

9. OTHER SPORTS (BASKETBALL/FOOTBALL/THROWBALL/BOOT CAMP)

1 Mr. Kekoo S. Nicholson Chairman2 Mr. Sachin P. Bajaj Vice Chairman3 Mr. Sanjay Makhija Hon.Secretary4 Mr. Prashant Gupta 5 Mr. Manan K. Mashruwala 6 Ms. Megha Shah 7 Ms. Bindiya Aggarwal Invitee8 Ms. Bela Amin Invitee


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A. BASKET BALL 1 Mr. Sushant Sheth B. FOOTBALL 1 Mr. Tanuj Bhatia 2 Mr. Ashraf Hussain 3 Mr. Akhil N. Sampat C. THROW BALL 1 Mr. Mihir Amin 2 Mr. Kinnar Kapadia 3 Ms. Patanjalika Desai Invitee D. BOOT CAMP 1 Mr. Ravindra Jalan 2 Mr. Mukund Jaisingh 3 Ms. Shikha Gupta Invitee

10. PLATINUM CIRCLE 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Nitin G. Dossa Vice Chairman3 Mr. Vithal Kamat Hon. Secretary4 Mr. Nitin Palan Hon. Treasurer5 Mr. Rakesh Kapoor 6 Ms. Mehru Birdy Invitee7 Ms.Bindu Bajaj Invitee8 Ms. Roda Billimoria Invitee9 Ms. Padma B. Mansukhani Invitee

11. LIBRARY 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Bakhtiar Dadabhoy Hon. Secretary3 Mr. Sachin P. Bajaj 4 Mr. Aziz H. Visram 5 Ms. Chaula Bhimani Invitee6 Ms. Nita R. Singh Invitee7 Ms. Pallavi Nahata Invitee

12. CARDS1 Mr. Kekoo S. Nicholson Chairman2 Mr. Rakesh B. Kapoor Vice Chairman3 Mr. Prithviraj Bafna Hon. Secretary4 Mr. Uddalak P. Diwan 5 Dr. J.T. Hinduja 6 Dr. Prakash Lulla 7 Mr. Vinay K. Seksaria 8 Mr. Hemendra M. Shah 9 Mrs. Sheila Duseja Invitee

13. WOMEN/TODDLER/CHILDREN ACTIVITIES

1 Mr. Kekoo S. Nicholson Chairman2 Mr. Sanju S. Kothari Vice Chairman3 Mr. Jignesh Goradia Hon. Secretary4 Ms. Sangita Jain 5 Ms. Kavita Hiranandani

Jolly

6 Ms. Aarti Parasrampuria 7 Mr. Shailesh Saraf 8 Ms. Mansi Ghelani Invitee9 Ms. Kareena Ghadially

HussainInvitee

10 Ms. Hiral Dossa Invitee11 Ms. Jigna Chawda Invitee

14. CLUB SOCIAL RESPONSIBILITY (CSR)1 Mr. Kekoo S. Nicholson Chairman2 Mr. Rajan R. Hiranandani Vice Chairman3 Mr. Ramesh Daswani Hon. Secretary4 Mr. Suresh Gurnani 5 Mr. Ashok Harjani 6 Mr. Kartik Khatau 7 Mr. Niyogi Shah 8 Mr. Vinay Somani 9 Ms. Firoza Maneksha-Sinha Invitee10 Ms. Bindia Batheja Invitee

15. GREEN TECHNOLOGY1 Mr. Kekoo S. Nicholson Chairman2 Mr. Rakesh B. Kapoor Vice Chairman3 Mr Shyam Makharia Hon. Secretary4 Mr. Sameer A. Lala 5 Mr. Ranjit J. Mansukhani 6 Mr. K.C. Srivastava

16. YOGA1 Mr. Kekoo S. Nicholson Chairman2 Mr. Darayus A. Mehta Vice Chairman3 Mr. Dhiru K. Kapadia Hon. Secretary4 Mr. Pradeep B. Chinai 5 Mr. Dhrupad Mahadevia 6 Mr. Apoorva L.Sanghvi 7 Ms. Rani Maheshwary Invitee8 Ms. Priti Merchant Invitee9 Ms. Sunita Shah Invitee

17. HOUSIE 1 Mr. Kekoo S. Nicholson Chairman2 Mr. Minoo Pardiwalla Hon. Secretary3 Mr. Rajesh Ahuja 4 Mr. Jaisingh Bhagwan 5 Mr. Sunder Sachdev 6 Mr. Ashok H. Tejuja 7 Ms. Smita Doshi Invitee


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GENERALDuring the year under review 17 Meetings of the Executive Committee were held. The details of the meetings attended by each member (from 14th October 2014 to 2nd September 2015) are as follows :

As on 02.09.2015

Mr. Kekoo S. Nicholson (President) 17Mr. Kapill K. Malhotra (Vice President) 14Mr. Premal H. Udani (Hon. Treasurer) 15Mr. Sureshkumar S. Bafna (Jt. Hon. Treasurer) 17Mr. Sachin P. Bajaj 11Mr. Sewakpal A. Bedi 16Mr. Nitin G. Dossa 13Mr. Rajan R. Hiranandani 17Mr. Rakesh B. Kapoor 16Mr. Sanju S. Kothari 14Mr. Manan K. Mashruwala 12Mr. Darayus A. Mehta 16Mr. Naval F. Pandole 14Mr. Sevanti J. Parekh 12Mr. Niraj N. Rungta 14Mr. Noel N. Tata (Nominated-w.e.f. 09.04.2010) 7


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OUR MISSION To consolidate and strive to further improve the infrastructure of the Club and to deliver experiences that nurture relationships and contribute to a wholesome lifestyle thereby providing an enriching experience to the Members.

To provide excellent Sporting, F&B and Entertainment facilities and increase Member satisfaction.To maintain a transparent and democratic decision-making process.

YEAR IN RETROSPECTION AND LOOKING AHEAD During the year under review, the Club continued to maintain its tradition of conducting/organising several sports tournaments participated by a large number of keen sportspersons, some of them World/National Champions. Several Inter-Club, as well as, Intra-Club level tournaments were organised in a number of sports disciplines, which witnessed enthusiastic participation by a large number of our members and their children. Details of these tournaments have been indicated under the respective sports head.

Well-patronised Food Festivals and scintillating Entertainment programmes throughout the year deserve a special mention as these were made possible by imaginative planning and execution by the concerned Committees, whose members toiled very hard, with active support of the staff, to make each event a better one. Rush for registration even at the last minute for witnessing the events was a pointer to the popularity of the events.

Getting a unique opportunity to host three IPL matches at the CCI in May this year was a feather in the cap for the CCI, as the Club had been striving strenuously to bring back the big matches to our stadium for the past several decades. IPL in the year 2010 had come to us as default due to ongoing renovation at Wankhede at that point of time. We are indeed fortunate to get this privilege in the midst of very tough competition amongst contending venues. Well done our Cricket Sub-Committee which worked tirelessly, determinedly supported by our staff, to ensure flawless conduct of the matches, so thoroughly enjoyed by our members and their children. It is a matter of great pride for all of us that CCI’s Cricket ground was adjudged as one of the best ground in the country.

We hope to get the opportunity to host international matches more often.

One of the heart-warming and proud moment of the Club came in the form of appointment of our Vice President, Mr. Kapill Malhotra, as a Member of IPL Governing Council. A rare achievement for the club. We thank the BCCI for their gracious gesture.

Infrastructure Upgradation and Associated IssuesMembers would recall that the status of our ageing infrastructure has been a matter of serious attention for the Executive Committee for the last few years. The members would easily recognise the renovation and improvements that have been brought about in the Club infrastructure in the recent years as our collective efforts have started yielding tangible results. Apart from complete renovation/modernisation of Idar Family Room, Gujrati Kitchen, Billiards Room, Gents Health Club and Old Cake shop earlier, the club has successfully transformed the Chinese Kitchen, as well as Chinaman Restaurant during the current year. In addition, Ladies Health Club has been given the much needed face-lift, pending execution of the project for creating a brand new Health Club. A noteworthy achievement is the facilities-rich new age Table-Tennis Room built on the first floor/North Stand. We hope, the new Table-Tennis Room will provide an enjoyable experience to the members and help accelerate the popularity of the game at a faster pace. Our ageing buildings and stadium are in the urgent need of structural repairs and renovation. After completing the task in the Stadium House building earlier, external repairs (including structural) of the walls and the terrace (including water-proofing) the Clubhouse were undertaken and successfully completed this year. The refurbished and freshly painted Clubhouse walls, decorated with pleasing vertical gardens either side of the Reception have enhanced the overall aesthetics of the façade. Around the periphery of the Cricket ground, openable MS grating has been provided to cover the open rain water drain to prevent wastage/rubbish flowing into the drain.

Stadium Roof has been part-repaired by way of complete replacement of vertical sheets and curved bent AC sheets to prevent any accidental fall. However, the roof itself needs to be attended to, along with support structures. This is being planned to be taken up shortly.


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Two lifts in the Stadium house have been replaced with the new ones. One lift in the Administrative Office side has been refurbished and renovated.

Parking area between Badminton Court and Family Room entrance, as well as, road leading to Gate No. 9 have been completely resurfaced and strengthened.

Many more infrastructure improvement related works have already commenced. Briefly, work has already begun for a new Library behind the Badminton Court and New Card Room and Board Room on the first floor of the Club House. After running a marathon race for getting multitude of NOC’s and clearances/ approvals for the Swimming pool, we are now in the process of crossing the last hurdle of the Tree Authority. We expect this to be obtained shortly, after which the work could begin. Health Club upgradation work is also ready for launching soon after shifting of the Library.

It would be appreciated that each of these major works requires a host of pre-commencement approvals and clearances from a number of statutory authorities. The Executive Committee would like to assure the members that the Committee is confident of bringing in overall improvements as indicated above, in the shortest possible timeframe, without any major disruption to the members.

The Executive Committee is alive to the emerging changes in the membership profile as evident from a large number of young members joining the Club under Members Children Plan. The rich spectrum of their educational and professional background makes it obligatory on our part to qualitatively improve the Club facilities and infrastructure that would measure up to their expectations. We would like to assure our members that the Executive Committee is endeavouring in all seriousness, to achieve that.


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Investment Strategy and ManagementThe Income from Investments increased to Rs. 38.61 Crores for the current year ended 31 March 2015 from Rs. 27.67 Crores for the previous year. The Investment corpus for the current year increased to Rs. 503.04 Crores vis-à-vis Rs. 457.10 Crores from the previous year.

It may be noted that post 10th July 2014 the taxation treatment for Debt funds including Fixed Maturity Plans has changed as a result of the Union Budget 2014. The minimum holding period has been increased to 36 months as against earlier 12 months, to be eligible for long term Capital Gains tax. This has necessitated significant changes in the investment dynamics. The Club prudently rolled over the investments in its Fixed Maturity Plans, wherever feasible, after a very careful review of the underlying portfolio. Major focus of the Investment Committee while managing the funds has been the safety of the corpus. This is evident from the increased allocation of sovereign tax free bonds to Rs. 203 Crores as on 31 March 2015 from Rs. 96 Crores in the Financial Year 2013-14.

The composition of the investment corpus comprises of Tax-free Bonds, Fixed Maturity Plans, Debt Funds and Fixed Deposits, which are free from lien of any kind. The Investments of the Club are rigorously and regularly monitored with the foremost objective of safety of the corpus and at the same time achieving optimum returns on the same.

FINANCIAL OVERVIEW Amount in Lacs

Particulars

31st March,

31st March,

31st March,

31st March,

31st March,

2015 2014 2013 2012 2011 ` ` ` ` `

Operational Income - (Includes Catering, 2,578.55 2,315.85 2,377.72 2,069.33 1,938.01 Sports, Guest Fees, Subscription, etc.)Rent/Compensation/Licence Fees 327.14 68.92 55.84 32.57 33.33 Other Income 94.54 148.60 74.88 63.67 65.24 Total Operational Income 3,000.23 2,533.37 2,508.44 2,165.57 2,036.58 Operational Expenditure- 3,030.56 2,702.51 2,551.72 2,112.03 1,898.37 (Includes Catering Sports, etc.)Salaries & Wages / Staff Ex-gratia 801.08 626.45 583.45 508.88 446.34 Other Expenditure 942.35 936.41 700.13 496.30 387.20 Total Operational Expenses 4,773.98 4,265.37 3,835.30 3,117.20 2,731.92 Excess of Income Over Expenditure - (1,773.75) (1,732.00) (1,326.86) (951.64) (695.33)OperationalIncome - Interest / Dividend / Capital Gain/ 3,861.37 2,767.27 3,314.52 3,416.56 1,490.18 Fixed DepositsExcess of Income Over Expenditure 2,087.62 1,035.26 1,987.66 2,464.92 794.85 Major Repairs 87.50 24.24 23.72 27.77 18.87 Amortisation of Premium on Long Term Investment 67.62 16.23 10.25 Provision for Bad and Doubtful Debts 5.53 - 99.98 19.78 - Earnings before Interest,Tax Depreciation and Amortisation

1,926.97 994.79 1,853.71 2,417.37 775.99

Depreciation 588.27 260.25 219.84 210.57 227.24 Exceptional Items - - - - - Provision for Tax 665.00 219.00 395.00 512.00 103.00 Provision for Deferred Tax (0.99) 0.28 (0.31) (14.70) (1.45)Net Excess of Income Over Expenditure 674.69 515.26 1,239.18 1,709.50 447.18 Entrance Fees Received 3,442.20 2,750.62 3,180.83 5,604.61 2,636.47 Additions to Fixed Assets during the year 508.64 330.97 737.03 136.90 104.27 Fixed Assets - Net of depreciation 1,871.08 2,766.30 2,542.48 2,014.00 2,086.81 Investment - Mutual Funds / Fixed Deposit 50,304.12 45,710.43 41,866.50 37,777.33 30,447.37


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SPORTS AND OTHER ACTIVITIES

BADMINTONDuring the year under review, seven meetings of the Sub-Committee were held.

The Badminton Sub-Committee continued to play a very active part in promoting the sport at all levels. The calendar of events included member’s tournaments, inter club tournaments, district tournaments and international tournaments.

CCI Member’s Annual Handicap Badminton Tournament 2014 held from 27th August to 7th Sept. 2014 was a grand success. The execution of this 12 day event with over 240 participants and nearly 350 matches in seven categories was done with clock-work precision. Players from all ages from 7 to 75 years participated in this tournament.

The Tata Open India International Badminton Challenge 2014 was held from 10th December 2014 to 14th December 2014. This tournament was hosted by the CCI and conducted by Prakash Padukone Badminton Academy under the auspices of the Maharashtra Badminton Association and the Badminton Association of India. More than 100 National / International players participated in this mega international event which carried the prize money of USD 15000.

The event was covered live by Doordarshan along with an impromptu interview of the CCI President Mr. Kekoo S. Nicholson.

The G.D. Birla Memorial Masters Inter Club Badminton Tournament 2015 organized by Badminton 45 was held jointly at the CCI and the Bombay Gymkhana from 10th February 2015 to 15th February 2015. The CCI team reached the quarter finals.

CCI - Saturday Club ( Kolkata ) Inter Club Reciprocal Tournament was held from 20th March 2015 to 22nd March 2015. This year the Saturday Club played host and welcomed the CCI team with traditional warmth. The CCI Badminton team claimed the title by winning 6 matches to 3.

SCS Motiram , Ullal and Kanji Memorial Inter Club Badminton Tournament 2015 was held from 8th June to 14th June 2015 at CCI. The 51st edition of this prestigious Tournament saw over 30 Clubs from all over Mumbai participating. Coached by Ms. Hufrish Nariman the CCI Women’s team was the Runner-up in the A.V. Ullal Cup Women’s Inter Club event while the CCI Juniors team was Runner-up in the Kanji Memorial Cup Juniors Inter club event. In the Motiram Cup Men’s Inter Club event the CCI Men’s ‘A’ team reached the quarter finals round. This tournament was sponsored by Selection Centre Sports.

Bombay Gymkhana Inter Club Sports Challenger 2015: To commemorate their 140th year, The Bombay Gymkhana organized the “Challenger 2015”, a triangular competition between the three leading clubs of Mumbai, namely Bombay Gymkhana, Willingdon Club and the Cricket Club of India across three sporting disciplines namely Badminton, Squash and Billiards / Snooker. The CCI emerged the winners in all the three sports and won the Inter Sports Challenger Trophy 2015.

Tin & Bottle Members Tournaments was held on Sunday , 12th July 2015 . This ever popular fun filled Sunday afternoon event open to members of all age groups saw enthusiastic participation. The jumbled doubles was played in a league cum round robin format between 4 teams.

CCI - Greater Mumbai district Badminton Tournament - 2015 was held from 20th July to 26th July 2015. The tournament hosted regularly by the CCI was well covered by the Media. This event witnessed more than 500 players taking part in 19 events categories and was also sponsored by the Selection Centre Sports. CCI players did the Club proud by putting up tremendous performances to end up as winners or Runner-up in a number of events.

Inter School Badminton Tournament 2015 held from 14th September 2015 to 23rd September 2015 was a huge success. The tournament had a record number of players from over 100 schools participating in various categories.

CCI – Madras Cricket Club (MCC) Annual Reciprocal Inter Club Tournament 2015 was held at the MCC - Chennai from 4th September to 6th September 2015. The CCI team had a memorable time both on and off the court creating everlasting bonds that only sports can foster.

Kokilaben Dhirubhai Ambani Hospital was once again kind enough to provide physiotherapy and medical facilities for the Inter-Club, GMBA District and Inter- School Tournaments held at the CCI.


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Mr. Heath Matthews their Medical Director -Centre of Sports Medicine and his team of physiotherapist provided complimentary consultations and sessions to the players and members. With multiple event participation and the rigorous schedule of the matches, on call physiotherapy came as a boon to the players who were tremendously grateful for these services.

The coaching scheme for Members/Members’ Children continued with tremendous enthusiasm under the guidance of two coaches Ms. Hufrish Nariman and Mr. Suraj Jagtiani.

The Tata Padukone Badminton Centre celebrated its 6th year at CCI in June 2015 .

Greater Mumbai Badminton Association elected Mr. Sachin Bajaj to the revered position of Vice President of the Association.Appreciation and Acknowledgement goes out from the Badminton Sub Committee to all the assistance and prompt cooperation extended to us by members of the Executive Committee, Club departments namely Sports, F & B , Maintenance, Admin, IT, Housekeeping etc. and specially our Badminton staff (Markers and Helpers) who have contributed in many ways to make this an eventful and fruitful year.

BILLIARDS & SNOOKERDuring the year under review, seven meetings of the Sub-Committee were held.

The newly renovated Billiards Room has been appreciated by the Members and Billiards and Snooker fraternity.

Indian Open Snooker Qualifier round matches for Mumbai conducted by BSAM was held at the CCI Billiards Room from 9th September to 13th September 2014.

Our Members Hasan Badami and Siddharth Parikh qualified for the next round to be held in Pune.

The Maharashtra State Selection Tournament 2014 was held at the Malabar Hill Club in November 2014. In Billiards, our President Mr. Kekoo S. Nicholson qualified for the main draw as the second seed.

In Snooker, Mr. Nishant Dossa and Mr. Hasan Badami qualified for the main draw.

Mr. Hasan Badami went on to become the Maharashtra State No. 2 gaining direct entry in the Snooker Nationals to be held in Kolkata in January 2015.

Members Snooker Open Tournament 2015 was held at the Billiards Room from 8th February to 20th February 2015. The tournament was open to participants of all ages and to all categories of Members. The Tournament was named after Late Mr. Keki Kotwal and the trophy is named ‘Keki Kotwal Memorial Cup’.The inaugural Keki D. Kotwal Memorial Cup Members Snooker tournament was a huge success. About 60 Members participated in the tournament. Nikhil Ootam was the Winner while Hasan Badami was the Runner Up.

Our Honorary Member and legendary cueist Mr. Pankaj Advani is now the current National Champion in both Billiards and Snooker. A unique achievement. He was awarded a silver plaque by the President Mr. Kekoo S. Nicholson, when he was felicitated by the Club on Saturday 21st Feruary 2015 for winning 12 World Titles. He has gone on winning even 13th World title at Karachi in August 2015.

Mr. Siddharth Parikh was also felicitated on this occasion for becoming India No. 3 in the current National Billiards Tournament.

World Champion and our Honorary Member Mr. Pankaj Advani held a coaching camp for Snooker for upcoming youngsters of CCI at the Billiards Room.

Dhruv Sitwala World No.2 held coaching camp for upcoming youngsters in Billiards.

Mumbai Billiards League Tournament 2015 commenced from 17th March 2015. Two teams from the CCI participated in the tournament.

1) The Billiards Boys led by the President Mr. Kekoo S. Nicholson 2) The 3 Ball Players led by Dr. Phiroze Patel.

CCI Weekender Billiards Tournament was held on 28th February and 1st March 2015. Many National Players like Dhruv Sitwala and Jaiveer Dhingra participated in the tournament. The tournament was won by Aditya Agarwal who beat Jaiveer Dhingra in a close match.


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Mumbai Snooker League Tournament 2015 :The tournament commenced from 29th June 2015.The CCI team , namely CCI Snooker Kings led by Behari Bajaj and CCI X Men led by Khazan Talib participated in the tournament.

Bombay Gymkhana Inter- Club Sports Challenger 2015: was held on Saturday 13th June 2015. Three Clubs namely Bombay Gymkhana , Willingdon Sports Club and the Cricket Club of India participated in the tournament. The CCI team led by Nishant Dossa achieved a clear victory over Bombay Gymkhana and Willingdon Sports Club.

Members Billiards Handicap Tournament: The Billiards Handicap Tournament was held in April 2015. The tournament was a grand success. The Winner of the tournament was Mr. Vivek Mody and the Runner Up was Mr. Kekoo S. Nicholson.

CCI-MCC Chennai Inter Club Reciprocal Tournament: was held at the MCC - Chennai from 4th September to 6th September 2015.

Achievements

• Pankaj Advani won the 13th World Title .

• Jaiveer Dhingra won the Bronze Medal in the Australian Billiards Championship held at the Yarraville Club, Melbourne held from 17th June to 20th June 2015.

CARDSDuring the year under review, four meetings of the Sub-Committee were held.

13 & 21 Card Rummy and Bridge Tournament:13 and 21 card Rummy tournament and Bridge Tournament for regular and beginners were held from 18th to 22nd August 2015. The Prize distribution function followed by Dinner was held at C. K. Nayudu Banquet Hall on Sunday, 23rd August 2015. A total Prize Money of Rs. 67000/- was distributed among the winners.

Bridge Coaching Class:A Bridge coaching class for beginners under the tutelage of Dr. Prakash Lulla on Saturdays between 2.45 p.m. and 5.00 p.m. received a overwhelming response in the last year. However, this year only one batch was held of 16 members. The classes are held on seven consecutive Saturdays.

Bridge TournamentThe Club had the proud privilege of conducting a Bridge Tournament in association with Mrs. Hema Deora, a well-known Bridge player of the Country.

The Tournament is held on third Saturday of every month from 2.30 p.m. onwards at the Cooch Behar Room and is well patronized by the Bridge loving players and on an average about 60 to 70 players participates in the Tournament.

CRICKETDuring the year under review, seven meetings of the Sub-Committee were held.

The Board of Control for Cricket in India has nominated Vice President of our Club Mr. Kapill K. Malhotra as one of the Member of the Governing Council of IPL.

IPL MatchesThis year the Brabourne Stadium was the venue for the three D/N matches of Rajasthan Royals in IPL 8 tournament. Following matches were held at the Brabourne Stadium.

Sunday, 3rd May 2015 - Rajasthan Royals v/s Delhi DaredevilsThursday, 7th May 2015 - Rajasthan Royals v/s Sunrisers HyderabadSaturday 16th May 2015 - Rajasthan Royals v/s Kolkata Knight RidersAll three matches were played in a highly competitive spirit. All the teams consisted of well-known International and national cricketers in their teams. The BCCI Officials and players from the teams appreciated the top class arrangements, the match wicket and facilities extended to them by the CCI. The matches were a huge success.


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The CCI Ground and Pitch was adjudged as one of the Best IPL grounds and Pitches for the year 2015.

One Day Cricket Match between India À' and the visiting West Indies Team was held at the Brabourne Stadium on 3rd October 2014.

One Day Cricket Match between India À' and the visiting Sri Lanka Team was held at the Brabourne Stadium on 30th October 2014.

Both the visiting teams were extremely satisfied with the arrangements made during these matches.

The CCI Indoor Cricket Academy Our Club has opened an Indoor Cricket Academy, which was inaugurated by former India Test Cricketer, Mr. Farokh Engineer on 5th September 2014. A bowling machine is also installed for the benefit of the players.

4th SCC - International T/20 Cricket Tournament in Singapore The CCI team participated in the International T/20 cricket tournament organised by Singapore Cricket Club from 20th August to 25th August 2014 . The team narrowly lost in the semi-finals to the Madras Cricket Club.

TNCA Ranji Probables CampA preparatory camp for the TNCA Ranji probables was held at the Brabourne Stadium from 12th to 21st October 2014.

Cricket Tour to Australia The CCI cricket team embarked on a 15 days cricket tour to Australia on 26th December 2014 at the invitation from Melbourne Cricket Club and Sydney Cricket Club. They played 8 matches and won 7 matches out of them. Our team members had the privilege of watching the Test Matches from the Members Enclosure Stand at the Melbourne and Sydney. The Club appreciates the warm hospitality extended to the CCI Cricket Team by the Melbourne Cricket Club / Sydney Cricket Club and the Barkers Creek C.C.

Celebrity Cricket League Matches The Brabourne Stadium was the venue for the D /N T/20 Celebrity Cricket League Matches held on Saturday 10th January 2015. Two matches were held on that day, Veer Maratha v/s Mumbai Hero and Bengal Tigers v/s Bhojpuri Dabang. Many Regional and Bollywood stars participated in the tournament.

Dr. H.D. Kanga League The CCI A team performed extremely well in the Local Mumbai Tournaments during the year. They finished a close Runner Up in the Elite Group in the Dr. H. D. Kanga League .

Talim Shield The CCI A team were the semi-finalist in the 50 overs One Day Talim Shield Tournament.

Member’s Premier League 2015 Member’s Premier League for Keki Kotwal Trophy which was held amongst eight departments on every Wednesday evening from 7.30 p.m. onward under the flood lights at the Brabourne Stadium. It was participated by about 160 members.

The League was held from 21st January 2015 to 1st April 2015.

Tennis Tigers were the winner of Keki Kotwal Trophy.

Annual Cricket Carnival A D/N Annual Cricket Carnival was held on Saturday, 28th March 2015. A total of 10 teams from different department participated in the carnival including the President XI team which participated for the first time in the tournament.

The Snooker Kings won the ‘Raj Singh Dungarpur Trophy’ by defeating President XI in keenly contested D/N final in the presence of large number of CCI Members. President XI also played an exhibition match against Staff XI.


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Quadrangular Tournament of CCI Seniors TeamTeams from Garware Club House, Parsee Gymkhana, P.J.Hindu Gymkhana and the Cricket Club of India participated in the Quadrangular Tournament for above 40 yrs. The CCI Senior Team beat P.J. Hindu Gymkhana to win the T/20 Quandrangular Tournament.

The CCI B team won the T/20 Tournament organised by the Goregaon Sports Club on 22nd March 2015. The CCI team beat host Goregaon Sports Club in the finals.

The CCI B team were Runner Up in the T/20 Tournament organised by Ghatkopar Jolly Gymkhana.

The CCI B represented the Kerawala Windsor Club at the Dr. H.D. Kanga League Plate Division tournament.

The CCI B team were the winner in Osian Quadrangular Series. They beat Bombay Gymkhana in the Finals.

CCI- MCC Chennai Inter Club Reciprocal Tournament The tournament was held from 4th September to 6th September 2015. Both Clubs were represented by many past and present Ranji Trophy players.

Ground Maintenance equipmentAs a goodwill gesture , the BCCI have provided the CCI the following ground maintenance equipment worth almost 85 Lakhs - One ton Hudro Static Roller, Super Sopper, GR-1000 Toro Pitch Lawn Mower and 3250- D Toro Triplex Lawn Mower with Scarifier kit.

We sincerely thank BCCI for their largesse.

Matches against visiting foreign teamsBarkers Creek Cricket Club – Australia 18th Nov. 2014 and 20th Nov. 2014

Occidental Cricketers - New Zealand 20th Jan. 2015

Friendly MatchesOur Cricket `B' team / Seniors team played various half days / full days friendly matches on Saturdays / Sundays. Some of the fixtures were as under:

M.I.G. Cricket Club – Mumbai on 26th Oct. 2014

Air india Sports Club - Mumbai on 24th Jan. 2015

British High Commission – New Delhi on 7th Feb. 2015

Indian Revenue Services ( IRS ) - Mumbai on 15th March 2015

The usual annual maintenance work and ground upgradation work has been carried out successfully. Due to active efforts our ground continues to be in pristine condition.

Our Curator Prakash Adhav and groundsman Sachin Jadhav were deputed to attend the Annual Workshop for curators held in Mumbai on 5th and 6th June 2014.

The Brihanmumbai Mahanagarpalika (MCGM) has awarded the CCI First Prize for best maintained Lawns - the Main and East Lawns and Garden around the Club.

The Club has also bagged First Prizes in following four sections from National Society of the Friends of the Trees, 54th Annual Vegetables, Fruits and Flowers Show 2015.

Section 17 Garden Terrace ( Bougainvillas in pots)

Section 18 Garden Private ( Verandah - Flowering & Foliage Plants)

Section 31 Garden around Club & Hotel ( Swimming pool area)

Section 51 Play Ground ( Cricket & Football Ground)

2nd Prize Section 32 Garden around the Tennis and Badminton Court.

The Coaching program held for Members Children by the Club under Coach Jagdish Shetty is continued.


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SQUASHDuring the year under review, three meetings of the Sub-Committee were held.

Members Singles Handicap Tournament The Finals of the Members Singles Handicap Tournament was held on Sunday 14th September 2014 between Yohan Pandole and Arman Darukhanwala. Yohan Pandole was the winner, he beat Arman Darukhanwala 3 - 0 in the finals.

Pune Open TournamentOur Squash Academy children did remarkably well at the Pune Open Tournament. Jeh Pandole won in Boys U- 11 category. Aditya Chandani was the Runner Up in the Mix U -9 category. Arman Darukhanwala was 7th in Boys U-13 while Aiman Zakaria made it to the quarter finals in U -9 category.

71st CCI Western India Squash Tournament71th CCI Western India Squash Tournament was held concurrently with 62nd National Squash Championship at the CCI Squash courts from 3rd November to 8th November 2014. This is one of the major tournaments under the aegis of the Squash Racquets Federation of India and Squash Racquets Association of Maharashtra . More than 700 participants took part in the tournament. Ten times National champion Saurav Ghoshal , Harinder Pal Singh , Mahesh Mangaonkar and Joshna Chinnappa participated in the tournament. Harinder Pal Singh beat Saurav Ghoshal in a very close match and emerged as a new National Champion. Harinder Pal Singh was adjudged the Man Of the Tournament.The finals were held on 8th November 2014.The Prize distribution function followed by dinner was held at Pool Side and was well attended by the participants, dignitaries from Squash fraternity and Members of Executive Committee. The Prizes were given away by the President Mr. Kekoo S. Nicholson.

The noteworthy performances of the CCI Academy was as under;

Men’s Over 35 Winner Rishad Pandole/Runner Up Karan Mirchandani

Men’s over 45 Winner Darius Surti

Boys & Girls U-9 Runner Up Aditya Chandani

Boys U -11 Runner Up Jeh Pandole

Men’s Over 55 Runner Up Vaman Apte

Aimaan Zakaria , Gigi Pandole , Alisha Vora and Raja Parthasarathy did well to reach the Semi Finals and Aditi Prasad and Yohan Pandole did well to reach Quarter Finals.

Junior Nationals at Chennai

Trainees at the CCI Squash academy performed very well in the Junior Nationals held in Chennai in November 2014. The Outstanding performer was Jeh Pandole who became the National Champion in the Boys U- 11 age group.

The other notable performances were

Vivan Shah 10th in the Boys U-11

Gigi Pandole 7th In Girls U-11

Arman Darukhanwala 14th in Boys U-13

Raunak Advani 13th in Boys U-15

Aditi Prasad 9th in Girls U-17

Yohan Pandole 4th in Boys U-19

3 Star Squash Tournament - New Delhi

Yohan Pandole won the Squash Title in the category for Boys U-19 in a 3 Star Squash Tournament held in New Delhi on 19th January 2015.


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Exhibition Match In view of the unfortunate injury to Mohamed El Shorbagy - World No. 1 in Squash, an Exhibition Match between him and Saurav Ghoshal - India No. 1 to be played on 22nd March 2015 had to be cancelled.

The Committee promptly got in touch with Gregory Gaultier - World No. 2 to play a Match with saurav Ghoshal. The Exhibition Match was held on 31st March 2015 on Squash Court No. 5. As a part of the event , the two players played with our Club Members two singles and Open Doubles match. They also conducted a coaching clinic for trainees from CCI Squash Academy ( Only for selected 20 ).The event was truly memorable.

A bilateral tournament between the NSCI Squash team and the CCI Squash team was held at the CCI Squash courts on 27th Feb. 2015. The matches were played in the right spirit of sportsmanship.

ISA Open 3 Star Squash Championship 2015Our two young members reached Semi finals in the ISA 3 Star Squash Championship.

Yohan Pandole - Boys U-19

Vivaan Shah - Boys U-11

Reciprocal Inter Club TournamentsSaturday Club – Kolkata The CCI Squash Team played some closely fought matches with Saturday Club at Kolkata and emerged victorius. The CCI team won with final score being 5-4 , in the 9 matches played. This was our third visit to Saturday Club and the camaraderie, between our Clubs has only grown and strengthened.

MCC (Madras Cricket Club ) – Chennai An Inter Club tournament between CCI and MCC- Chennai was held at MCC - Chennai from 4th to 6th September 2015.

Bombay Gymkhana Inter Club Sports Challenger Trophy 2015CCI Squash team finished second place at the Bombay Gymkhana Inter club Sports Challenger Trophy held at the Bombay Gymkhana on Saturday 13th June 2015 . CCI along with Willingdon Sports Club and host Bombay Gymkhana participated in the tournament.

CCI-PSA Squash USD 35000 TournamentThe CCI-PSA International Squash USD 35000 Tournament was held at the CCI Squash Courts from 8th September to 13th September 2015.

CCI Members Singles Handicap Squash Tournament was held in July 2015.

Coaching Squash is thriving at the CCI with many Members children attending the CCI Squash Academy conducted by chief coach Rohit More and also to the great interest and encouragement given by the senior members. The trainees are performing very well in the various tournament they participate.

The CCI Squash Academy trainees could have individual sessions with the coaches Rohit More and Ganesh Kadam to enhance their skills.

The Squash Committee also introduced One to One coaching for the members conducted by Mr. Chetan Ladiwala from 22nd January 2015 .

SWIMMINGDuring the year under review, six meetings of the Sub-Committee were held.

ASISC National School GamesThe event was held at Banglore on 17th and 18th Nov. 2014 ( ICSE School Nationals) The CCI children excelled in the tournament by winning 12 Gold and 2 Silver medals. Rahel Mathur and Yashish Jain won 4 Gold Medals each, Radhika Mahadevia won 3 Gold and 1 Silver and Jhanvi Shah won 1 Gold and 1 Silver Medal. Rahul Mathur and Yashish Jain were declared ‘ Joint Individual Champions’.


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74th CCI Swim ChampionshipThe 74th CCI Swim Championship was held on 29th and 30th November 2014. The CCI swimmers bagged 5 Gold , 9 Silver and 9 Bronze Medals making the overall tally of medals to 23. Hormuz Baliwalla, Homi Kaka, Rahul Mathur, Yashish Jain and Pritesh Jaisingh won 1 Gold medal each. Hormuz Baliwalla went on to win 4 Silver and 2 Bronze in addition to the 1 Gold medal.

VIBGYOR Inter School Viva Swim Championship The event was held on 9th November 2014 at Goregaon, Mumbai where Ahana Kanoi won 1 Silver medal.

GMAAA Inter School Swim Meet Varun Taraporewala and Arjun Kanoi won two Bronze medals each in the GMAAA Inter school Swim Meet held at Khar Gymkhana.

GMAAA Lower Age Group Swim MeetAhana Kanoi bagged 1 Gold while Varun Taraporewala won 1 Silver medal in the GMAAA Lower Age Group Swim Meet held at MIG Bandra.

Acres Invitational Inter School Swim MeetVarun Taraporewala bagged 2 Gold Medals in the Acres Invitational Inter School Swim Meet at Acres Club, Chembur.

43rd YMCA Annual Swimming Gala 2015Vartika Sampat won a Silver Medal in 50 mts. Back Stroke Event in Girls between the age group 4-8 yrs.

7th Open Swimming Gala 2015 at MIG, BandraTwo New Meet Records were created by the CCI swimmers in the 7th Open Swimming Gala , held at the MIG Club, Bandra. Homi Kaka won Gold medal in 50 mts. Free Style - Men Under 50 category CCI Team won Bronze medal in 4 X 50 Mts. Free Style Relay - Girls U-8 yrs. Category.Home Swimming GalaMembers Home Swim Gala 2015 was held on Sunday , 26th April 2015. About 100 Members participated in the fun filled but competitive event.

Felicitation for Hormuz BalliwalaA felicitation function for Mr. Hormuz Balliwala who gave his best as a long service Swimming Playing Member to the Club was held on Sunday 14th June 2015 at the C.K. Nayudu Banquet Hall.

Coaching SchemesThere are four Coaching Schemes for the benefit of the Members and dependants of members, namely – Beginners, Pre Advance and Advance. Nirav Vora looked after the Beginners while Pre advance and Advance swimmers were under the guidance of Vispy Bhesania and Anup Radhakrishnan. Mr. Anup Radhakrishnan has trained many National Level swimmers and he is highly experienced and respected coach. Dry land exercise programme under the guidance of Sanket Salvi was introduced for the Advance coaching swimmers.

The Adult beginners programme conducted by Nirav Vora for our Members has a very positive response as our elder Members were very happy that they could learn to swim at a later age and overcome their fear of water.

Aqua Aerobics Aqua Aerobics classes were introduced to Members. The classes were conducted by Ms. Deepali Jain on Tuesdays and Thursdays ( 8 turns per batch) every month . The classes got good response from the Members.

Changing Rooms Renovation of the Ladies / Gents changing rooms will be carried out to give our Members improved facilities and a better levels of hygiene and comfort in the Changing Rooms.


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TABLE-TENNISDuring the year under review, four meetings of the Sub-Committee were held.

The popularity of Table tennis is increasing year on year, and last year was no exception. The Table Tennis Room is full of enthusiasts everyday.

The All Parsi Table Tennis Tournament was held in first week of August 2014 at the Parsi Gymkhana. Hoshang Vajifdar and Adil Engineer represented the CCI in the Team event and in the Individual events.

We are proud that the our talented junior Mudit Dani won 2 Gold Medals representing India, at the ITTF Junior Circuit Events in Guatemala and El Salvador. A Triangular Friendly Matches between the CCI , NSCI and P.J.Hindu Gymkhana were held in December 2014 and January 2015.

Saturday Club - Kolkata, Inter Club Reciprocal Tournament: For the first time, Table - Tennis was included in the CCI - Saturday Club- Kolkata Inter Club Reciprocal Tournament along with Badminton and Squash. The tournament was held from 20th to 22nd March 2015. CCI beat Saturday Club convincingly.

Mr. Prakash Punjabi was selected to represent Maharashtra in the 22nd Veterans Nationals 2015 held in Cochin from 17th to 21st February 2015.

Home and Away Friendly tournament with the YMCA - Colaba were held in April 2015. The Home match was held on 1st April 2015 while the Away match was held on 17th April 2015.

1st Veteran’s State Ranking TT Tournament was held in Pune at the PYC Gymkhana from 25th to 26th April 2015. The Tournament was held under the aegis of MVTTA. The CCI was represented by two teams comprising of Manan Mashruwala, Hoshang Vajifdar, Ameet Poojara , Sanjiv Makhija , Rupen Parikh and Chetan Mulani for both, the team events and the individual singles events.

The Annual Inter Club League 2015 was held from 27th April to 8th May 2015. The CCI team represented by Prakash Punjabi, Ameet Poojara, Hoshang Vajifdar and Manan Mashruwala stood second in their Division of the Mumbai District Table Tennis Associations, Inter Club League 2015.

The coaching of Members and Members children by Mr. Kedar Kasbekar is always full and is continuing since the last two years.

The committee also introduced Advanced Coaching scheme for the Members under the renowned coach Mr. Saurabh Mohite from February 2015 which has also generated a good response.

The President Mr. Kekoo Nicholson, inaugurated the new Table Tennis Room on 3rd August 2015. The new Table Tennis Room is operational with State of the Art facilities and new Tables.

TENNISDuring the year under review, five meetings of the Sub-Committee were held.

ITF USD 25000 Women’s Tournament: The tournament was held at the CCI tennis courts from 8th November to 15th November 2014. The third seeded 25 year old Ms. Melnikova ( Russia ) took 45 minutes to get the better of the fourth seed Ms. Majeric ( Slovokia ) 6- 3,7- 6, ( 7-4) to win the Winner’s Trophy and earned 50 WTA points.

The Doubles title was won by Ankita Raina ( India) and Jia-Jing Lu ( China) the pair deafeted N. Lertpitaksinchai and Peangtarn Plipuech ( Thailand) 6-4,6-3. Mr. Kekoo Nicholson - the President and Mr. Bharat Oza - The President MSLTA, gave away the Prizes.

Members Handicap Tournament was held on 18th January 2015. The tournament was a huge success in terms of participation from Members.

SANMAR Inter City Tennis League Championship: The CCI team participated in the tournament which was held at Chennai from 5th to 8th January 2015. The team comprised of Mr. Chetan Desai , Mr. Varun Desai , Mr.Intikhab Ali , Mr. Armaan Bhati , Mr. Rajat Maheshwari and Mr. Govind Mohan.

The Ram Batra Tennis Tournament: The CCI A Team won the tournament which was held at the Club on 30th -31st January , 1st Feb. , 6th - 8th February 2015. They outplayed their opponents Khar Gymkhana ‘A’ team to win the finals. Mr. Kekoo S. Nicholson, the President and Mr. Rajesh Batra gave away the prizes.


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The 2nd Maharashtra State Inter Club Tennis Tournament: The CCI ‘A’ team were the defending Champion. This year the CCI fielded three strong teams. CCI ‘A’ and ‘B’ teams qualified for the All Mumbai Finals . The CCI ‘B’ team achieved 2nd position in the 2nd edition of the Liberty Videocon MSLTA - Inter Club Tennis Championship , held on 11th May 2015 at the Balewadi Tennis Complex, Pune. The CCI team lost narrowly to PYC Hindu Gymkhana , Pune.

The CCI - All India Ranking Tennis Tournaments for Girls and Boys U-12 : To promote and give platform to the children from the CCI Tennis Academies, the Club held 2 CCI- All India Talent Series Tournament on 7th and 8th March 2015 and on 18th and 19th April 2015. More than 100 children participated in the tournament.

Ramesh Desai National Championship for U-12: CCI played host to this premier tournament for Juniors from 18th May 2015 to 24th May 2015.

Coaching Schemes: The Coaching Schemes for the Members’ dependants continue as usual under the supervision of Tennis Coach Mr. Intikhab Ali and around 160 dependants participate in our Coaching Scheme. Mr. Intikhab Ali also conducts night coaching under flood lights on one on one basis to members.

Mr. Nandan Bal - Former India Davis Cup coach conducts advance coaching scheme for CCI members children. This programme is a huge success. Some of the children in this scheme are doing extremely well on the Indian Junior Circuit.

SKATING

The Roller Skating Coaching classes continue to be popular and there are about 50 Members’ children utilizing the facilities. The classes are held on Saturday and Sunday conducted by Rushi Sarode.

Artistic Skating

CCI introduces for the first time ever “ Artistic Skating” conducted by Ms. Sweta Dattani. This is advanced training in skating. The classes commenced from 6th August 2015 at the skating rink.

YOGA

During the year under review, six meetings of the Sub-Committee were held.

Yoga activity at the Club has picked up a great momentum with more and more members joining yoga classes which are conducted 6 days a week morning and evening sessions. Morning yoga classes are conducted from 7.15 a.m. to 8.30 a.m. and evening classes from 6.15 p.m. to 7.30 p.m. These classes are conducted by renowned and well experienced teachers like Ms. Jasmine Mistry, Mr. Savio Athaide, Mrs. Archana Desai, Mr. Ajay Singh and Mrs Shraddha Verma. The teachers are from BKS Iyenger, Bihar Yoga, Hath Yoga Institutes. Club started Pilates and Power yoga classes twice a week which has got very good response from Members.

A six day yoga camp was conducted from 23rd February to 28th February 2015 at the CCI East Lawns and was attended by Members in a large numbers. The camp was conducted by Swami Vigyan Chaitanyaji , a world renowned teacher from Bihar School of Yoga who taught various techniques of yoga to the Members . The theme for the session this year was “ Yoga for the Spirit Of Mumbai” focussing on Creativity , Time Management and Work efficiency.

The Club has started a Special Class of Yoga for the Senior citizens on Saturdays. The class is conducted by Mr. Eknath - Yoga teacher from Bihar School of Yoga. The class has generated good response from the senior citizens.

The United Nations declared 21st June 2015 as the World Yoga Day. The day was celebrated in two segments. Morning Session was conducted by Ms. Chetali Soni from Kaivalyadhama Institute , Mumbai. She dedicated this session for Asanas, Pranayama and Dharana . The C.K.Nayudu Banquet Hall was filled to capacity during this session.

In the evening Dr. Radha Krishna Das from Annamitra , Iskcon delivered a talk on Yoga. He enlightened the audience on the benefits of Yoga. Despite the torrential rains the Members came in large numbers to listen to Swamiji.


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OTHER SPORTS (Soccer/Basket Ball/Throw Ball/Gymnastics/Boot Camp/Marathon/Zumba) During the year under review, six meetings of the Sub-Committee were held.A new Committee was formed to manage all outdoor sporting activities as also new age fitness activities i.e. Gymnastics, Zumba, ,Kick Boxing etc. The Committee has held 6 meetings since its formation.SoccerPopularity of Soccer is growing among the children as well as with the Members of the Club. CCI participated in Monsoon Football League and Total Football League in which our team performed fairly .There was an Inter department Football Tournament held at the East Lawns in which 8 Teams participated. The Soccer Coaching The coaching conducted by The Soccer School Of Excellence. This year SSE introduced a class for CCI Munchkins, a new introduction to Football class for kids from 2.5 years to 5 years. The class encouraged the little ones to be familiar with exercises and games related to football. The coaching for children between age group 5 and 10 continued.Basket Ball Basket Ball coaching for the members and dependents conducted by Coresport Republic Sports Academy. Young Members from the Club Coaching Camp participated and performed well in a Tournament conducted by ST Stanislaus High School in Bandra. Throw ballThe Inaugural Inter Department Throw ball tournament was held on 25th and 26th April 2015. Eight teams participated in this friendly yet highly competitive tournament namely, Throw Ball, Tennis , Table Tennis, Swimming, Bar, Snooker.Gymnastics & Physical Fitness for ChildrenThe Club introduction of Gymnastics along with Physical fitness activities conducted by Mr. Raju for children above 3 years at the Skating Rink from June 2015 got good response. Activities like Trampolines, Beam bars and Rope Climbing are used as training tools an advance class for kids.The Mumbai City Gymnastics Association held its 9th Gymnastics Talent Display Competition on 28th March 2015 at Wadala ,Mumbai. More than 10 students showed fantastic talent securing high grades, a trophy & a certificate. Heartiest Congratulations to their Mentor Mr Rajesh Katwa .and his team.CCI young and dynamic kids - Mast.Vikrant Gupta, Ms. Naysaa Gupta, Ms. Mehek Harlalka, Ms.Tanvi Jain, Ms. Mahima Rodrigues, Ms. Zara Ootam, Ms. Aashna Aggarwal, Mast.Arnav Ootam, Ms.Sara Gupta, Ms.Naira Ginwalla and Ms.Theia Ginwalla.Boot CampBoot Camp or Outdoor Revitaliser training sessions are conducted thrice a week on the Club main lawns. We have Sanket Salvi and Jay Maurya they are qualified trainers who take these sessions. Members learn to train their body and mind through the use of their own body weight in outdoor environment. This camp also encourages members to undertake various outdoor adventure activities such as trekking, river rafting, para gliding, rappelling, Marathon etc. A 28 Kms Monsoon Trek was also completed from Neral to Matheran in August 2015.Marathon Members and Staff participated in the Standard Chartered Marathon on 18th January 2015. CCI Staff Member Mr Sachin Mahadik completed the half Marathon in a competitive timing. 36 Members participated in the Dream Run and 31 in the half Marathon. The Club encourages members interested in participating in the Marathon and has organized a training camp which has begun from June 2015 to January 2016 wherein various events ,talks and sessions are given to members running the marathon.Zumba Class Zumba Zest was held on 14th March 2015 for Members and Guest.Regular Zumba Classes active at the C. K. Nayadu Hall. The class is very popular for fitness among the Members.


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HEALTH & FITNESS CENTRE During the year under review, five meetings of the Sub-Committee were held.

Members are kept motivated and involved. Member complaints are heard and attended immediately and to the best possibility. The Sub-Committee of Health Club is working in complete co-ordination and cooperation.

This year footfall in both Gyms has exceeded by abt. 25%. Further main reason for this increase in footfall is the availability of proper trainers and proper staff. The Sub-Committee successfully steered through the challenges to get these staff in place. Now we have a highly motivated staff.

Our Cardio equipment are almost 7 years old. Still timely attention has reduced breakdowns and members are not left dissatisfied.

In Gents Health Club new Gym equipment of Olympic standard from Cybex Co. are introduced like Leg curl, leg extension, squat machine, Bench press, Adjustable benches etc.

Ladies Health Club is cosmetically beautified with fresh look. New Back extension machine is introduced in Ladies Health Club.

We had a successful Gym event on 10th, 11th & 12th of April 2015 and about 70 members participated in the Gym competition from age group of 20 to 70 years with free gifts of bags to Health-club staff and water bottles for Health-club members.

Then on 15th April 2015, we had Gym night at C. K. Naidu Hall with full house attendance of about 200 members at entrance fee of mere Rs.100 per member with DJ/Drinks and Food. Sponsors were arranged by members for total amount.

New Rubberized flooring is introduced in both Gyms and members are highly appreciative. New Unisex Gym and Spas are on fast track and will be of international standard.

WOMEN/TODDLER/CHILDREN ACTIVITIESDuring the year under review, eight meetings of the Sub-Committee were held. The following events were organised by the Committee (each of them a huge success):20th July 2014 - Splashing Pool Sunday14th January 2015 - Kite Festival 6th March 2015 - Holi 22nd March 2015 - Splashing Pool Sunday1st August 2015 - Kids Drawing Competition22nd August 2015 - Women’s Entrepreneurship ExpoENTERTAINMENTDuring the year under review, fifteen meetings of Committee were held.The last year has been a busy one for the Entertainment Committee in conducting a host of captivating entertainment programmes, very well received by the members.02nd Oct. 2014 - Dandiya21st Oct. 2014 – Diwali Fireworks with fiery snacks to match!22nd Nov. 2014 - Bar Night5th Dec. 2014 - Older Angrier Hairier ( Radhika Vaz Stand-Up Comedy )21st Dec. 2014 - Retro Night22nd to 24th Dec. 2014 - Christmas Carnival31st Dec. 2014 - New Year’s Eve17th Jan. 2015 - Scam Bam Play (Theatrical Act)31st Jan. 2015- Bar Night


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14th Feb. 2015 - Valentine’s Day15th Mar. 2015 - Shankar Jaikishan Night ( Musical Night )22nd Mar.2015 - Four Play ( English Theatre)19th Apr. 2015 - Ravindra Jain Night ( Musical Night )24th May 2015 - IPL Final Match Screening25th July 2015 - Bar Night8th Aug. 2015 - Anuvab Pal ( Stand-Up Comedy )10th Aug. 2015 - Karaoke Experience with Pashmina (runner-up at the All India Karaoke Competition)16th Aug. 2015 - Retro NightNSPA (Natural Streets for Performing Arts) Musical performances at the Main Lawns every Saturday in the Months of January, February, March and April this year.Pianists on Saturdays & Sundays to regale Members in the Lobby.FOOD & BEVERAGES (F&B)Bar During the year under review, nine meetings of the Committee were held.During the Year the Bar Committee alongwith the Entertainment Committee held successfully several Bar Nites , Holi celebrations, Theatre Plays, Musical Nights etc.Bar Committee was once again successful in getting Liquid sponsors for the Mega New Year Celebrations.Close attention and control was kept by the Bar Committee on the Variety of Spirits available to the members, the regular Bar promotions , control on stock levels and ensuring that the snacks which are served complimentary on two days of the week at the Wet Wicket are of the highest standards.The Bar Committee has tried to provide the best of Live Entertainment at the Wet Wicket Bar and the same is now available on Monday’s, Thursday’s and Sundays every week beside the D J on other nights. Catering During the year under review, eleven meetings of the Committee were held.Organised various food Festivals at Pollys - Maharashtrian, Bengali by Bong Bong, Pan Asian by Busaba Various food festivals were held at Coffee Shop. The All Rounder annexe i.e. Chinaman became fully operational after being merged with All Rounder Chinese kitchen has been renovated & redone completely with all new equipment. Combi (Industrial air fryer) oven introduced in main kitchen- Low calorie options like baked samosa, vada pav, french fries.Recently Hygiene Officer employed to improve hygiene standards.Conveyor type industrial dishwasher has been installed.Catering for IPL matches was handled successfully by the Club which was very much appreciated by media & members and the teams Assisted the Entertainment Committee for all their events for e.g. the Bar Nites , Christmas and Diwali Carnivals and the New Years Eve, Musical and Comedy Nites. Catered to various sports and other Sub-Committee events and dinners.HOUSEDuring the year under review, six meetings of the Committee were held.

Nil satis nisi optimum is a Latin phrase that means “nothing but the best is good enough.” This is the motto under which the new House Committee appointed this year, under the stewardship of Vice Chairman Darayus Mehta, has functioned and changed the feel and look of various portions of the Club and the Clubhouse in particular.


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Our hallowed Club is home to some of the greatest names in the game of Cricket as well as other sports, and its clubhouse and entrance Lobby are one of the main areas which leave a lasting impression upon Members & Guests alike. The immediate task of the Committee at hand was for beautifying the Clubhouse, which was started by primarily replacing the CCI signage, with new stainless steel signage, at the Main Gate entrance to the J N Tata Pavillion.

This year again, CCI has won the Best Garden / Greenery award from BMC, and to set the bar higher for the future, in a measure that adds more, this Committee has arranged and installed Vertical garden with diffused lighting which has certainly enhanced the external look of the Club House.

Roofing in the East Lawn that houses the Compost was in a dilapidated condition and was completely replaced, which protected the Compost from the natural elements of heat and rain, besides lending a protected zone for the football play-area.

The hallowed turf of the CCI, besides used for playing cricket, is also a source of various activities and exercises for the Members during the better part of the year, and additional Morah chairs were procured by the Committee to enable Members in greater numbers to sit on the lawns, lending a vibrancy of varied colours and hues to the green turf.

The Club House is the pride of the Club and the wood-work in the Main Club House Lobby was crying out to be polished and restored to its pristine glory. This Committee felt this was a high-priority aspect that needed attention. The Main Entrance door of the Cooch Behar Room, the Porbander All-Rounder Dining Room, as well as the wooden clad columns and doors as well as tables and chairs have all been re-polished so beautifully, restoring the feel of the J N Tata Club House Main Lobby to the charm it so richly deserves. The Committee envisages getting all other areas of Club House polished in the coming year.

The Ranji Trophy is the Premier Domestic Cricket Tournament in India, and the replica of the Ranji Trophy in the centre of the main Lobby of the Clubhouse was restored. Besides, the various other glorious trophies kept in Cooch Behar Room, which were neglected, have also been restored by the Committee which has taken the initiative of getting them cleaned on a regular monthly basis with the help of the Administration of the Club.

The upholstery of all the sofas as well as individual sofa chairs in the Club house Lobby as well as in the area outside the Card Playing room was changed to vibrant colours and designs matching the feel of the Clubhouse, and the cushions on the chairs in the Kakori Kabab area and Swimming Pool area were also replaced.

The Clubhouse Entrance & Lobby has been adorned with live plants which lend a magnificent life to the area and, the LED lights in the plants further enhance the grandeur.

This Committee has made the demarcation of Parking slots in the Club Parking area more prominent by fixed Parking studs with Reflecting/LED Strips which has immensely helped the Members while parking their cars, especially during the night time.

Climate change is a real and present danger and in a bid to Go Green at the CCI, this Committee in an attempt at reducing the power consumption, has also started replacing old light fittings with LED fittings.

The toilet facility for the CCI staff and employees in various departments such as F&B or Sports areas behind the Coffee Shop has been completely refurbished and renovated.

This House Committee has brought in remarkable changes in sports areas such as in the Badminton Gents Changing Room, Swimming Pool Changing Room (both Ladies and Gents) and in this coming year, has plans to bring in lot of changes other areas too, such as the Ladies Changing Room in the Main Clubhouse, Verandah area outside All Rounder, Verandah area outside Ground Floor Card Room, etc.

General upkeep and Maintenance of all areas of the Club has been greatly improved and high foot-fall areas such as the Verandah outside the All-Rounder Dining Room, and others, is continuously painted to keep the place looking clean. There are many more plans which this Committee will implement in the coming year to further improve and beautify various areas of the club, which is one of the most prestigious Clubs of the city.


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ESTATE REVIEW During the year under review, five meetings of the Committee were held.In the Club’s property there are many tenants/Occupants, who are occupying major areas of Stadium House and North Stand building.

There are many Court cases going on against tenants/occupants of these premises. In last 4 years, the Club has succeeded in many sub-judice matters which were pending in different courts for many years.

The Estate Department is working very hard to win over these cases or to get vacant possession of the Suit premises. With efforts of Estate Department, the Club has got vacant possession many premises in the year of 2014- 2015.

LEGALDuring the year under review, the Legal Committee had its meetings several times and has actively participated in Club related Legal Issues, some of which are as follows:

A number of membership issues which required legal opinion were taken up and recommendations were forwarded to the Executive Committee for their consideration.

Under the directions of the Executive Committee, several amendments to the Bye-Laws were recommended, to bring the Bye-Laws at par with the existing rules and policies of the Club. Bye Laws are also being examined for comprehensive revision / updation.

The Committee perused amendments to the Memorandum and Articles of Association in view of the new Companies Act, 2013.

The Club has many tenants occupying major areas of Stadium House and North Stand building. The Committee has taken up matters relating to many of such tenants.

The Committee has also reviewed Contracts/Agreements with service providers, etc.

The Committee has also taken up matters sent to it by Grievances and Disciplinary Committee and have made their recommendations in such matters.

CLUB SOCIAL RESPONSIBILITY (CSR)During the year under review, seven meetings of the Sub-Committee were held.

8th Aug 2014 : An Art Competition was conducted for under privileged children of the BMC and aided schools We had about 90 eager and excited young participants. An eminent art teacher judged the entries and awarded the prizes. The Club hosted a Lunch for all the participants and the accompanying Faculty and Volunteers who made the occasion memorable.

16th Aug 2014 : A musical event by the Visually Impaired - attended by more than 100 Members and well appreciated.

23rd & 24th Dec 2014 : More than 2000 kids from NGOs and our Staff were invited for the XMAS event in coordination with the Entertainment committee. Joy rides, snacks and return gifts were given to each and every child much to their delight.

23rd Jan 2015 : We invited more than 300 differently abled children and young adults from different institutions to celebrate the Spirit of Republic Day. They were entertained by Savio and Sharmila who had them dancing with gay abandon to their music. Snacks and Drinks were served and each child was sent home with a return Gift.

18th Feb 2015 : An interesting, informative talk by Mr Atul Bhide on “the Role of Indian Tradition in Nature Conservation” was well attended.

17th April 2015 : A talk by Dr. Gowhar Shafi on the Personal Genomics... a method of knowing one’s propensity to the dreaded disease cancer by a study of Gene mutation. It was a subject most of us did not know about and Members were amazed to know that such a service is now available in India.

24th July 2015 : A talk by Mrs. Ashwini Bhide IAS, Managing Director of Mumbai Metro Rail on “Light at the end of the Tunnel”. She gave detailed insights on the METRO III being planned from South Mumbai to SEEPZ in Andheri. Members who attended were convinced that Mumbai needs it and needs it fast.


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The forthcoming eventsCollection of the Sports goods/clothes / toys/books etc. from the Members for distribution to the various NGOS will be done in August/Sept.

An Art competition of the BMC schools and aided school children on 27th of August 2015.

Badminton coaching for students from the Underprivileged.

Informative talks on Healthcare and other topics

Musical Event by the visually impaired.

CAPITAL EXPENDITURE (CAPEX)During the year under review, five meetings of the Committee were held.

The CAPEX Committee has primarily worked on the following two projects:

New Table Tennis Area - Average Savings = 37.8%

New Card Room Area - Average Savings = 30.9%

GREEN TECHNOLOGY During the year under review, one meeting of the Sub-Committee was held.

After detailed study and in-depth analysis, assisted by the reputed experts in the field, the Green Technology Sub-Committee has identified certain key areas for application of Solar Energy. These are-Solar PV Project on Stadium House Terrace & Solar Water Heater Project on C K Nayudu Hall Terrace.

These two projects are in the nature of pilot projects and are expected to become operational by December this year. Such applications would not only provide alternate source of energy required for day-to-day functioning of the Club but also result in substantial savings by recovering the cost of installation in just a few years. Thereafter, the energy generated over the life-time of the facility would be virtually free of cost.

After harnessing the benefits and undertaking cost-benefit analysis over a longer duration, further initiatives could be planned in the future.

GRIEVANCE & DISCIPLINARY During the year under review, six meetings of the Committee were held.The Committee gave an unbiased and patient hearing to all concerned before submitting cases to the Executive Committee for their ratification.HOUSIEDuring the year under review, eight meetings of the Sub-Committee were held.Housie Sessions were held on every Sunday and on Bank Holidays.Super Summer/Winter Bumper Housie/Annual Day Housie/A Pairs Housie Competition and Housie Champion of the year programmes alongwith Four-a-side/Six-a-side Housie Competitions were specially devised to lend variety to the usual games.

LIBRARYDuring the year under review, five meetings of the Sub-Committee were held.

The Club has two Libraries and a Reading Room. The Lending Library which comprises the A. A. Jasdenvala Library for the Adults and the Vijay Merchant Library for Children is located below the West Stand and has more than 31,447 books & comics for adults and 20,438 books and comics for Children. The number of members in the A. A. Jasdenvala Library is 2,620. The Vijay Merchant Children’s Library has 1,300 members.

The Lending Library also has over 1,469 DVD’s in Hindi and English for adults and children. The DVDs range from popular films to classics and documentaries Drama etc.

The Anandji Dossa Reference Library on the second floor just above the Reading Room has about 1,200 reference books (mainly on cricket ), and an extensive collection of scrap books consisting of newspapers and other clippings.


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The Reading Room is located on the first floor of the J.N. Tata Pavilion. Overlooking the lawns, where the members can read 31 newspapers (4 Foreign and 27 Indian ) and 82 magazines ( 15 Foreign and 67 Indian ).

Two Book Clubs were started some time ago and have been a popular success. A Third one has also started recently. The Library has also started buying books on-line from Flipkart and Amazon.

PLATINUM CIRCLE - SENIOR CITIZENS During the year under review, eleven meetings of the Sub-Committee were held.

The Senior Citizen of the Platinum Circle Group now has 1200 Members. Every month programmes are arranged by Sub-Committee at C K Nayudu Hall. The following programmes were organized by the Committee:

- Your Tallent Show – Once in a year, some members tell Joke, Poem, Hindi English Songs and Dance

- Two Beer-Housie – Lunch -During the year with unlimited Beer

- Mahableshwar Tour – 3 Nights and 4 days

- M S Gadkary (Golden Medal in USA) Talk on Harmony in house and happiness in balance living

- Dr. Kanan K. Chikhal – talk on ( How to keep mind and body fit for Senior Citizens)

- Dr. Arun Mullaji ( Orthopedic Surgeon) talk on how to avoid knee replacement

- Dr. Jimmy Lalkaka – talk on Dealing with Neurological illnesses in the Elderly

- Dr. Ajay Kothari – E N T Specialist talk on Do you hear me

- Great Annual Dinner with soft and hard drink DJ, Music, Dancing on the Main Lawn prize for best dancer, best couple, best dress

PROJECT IMPLEMENTATIONDuring the year under review, thirteen meetings of the Committee were held.

The members would appreciate that a large number of facilities upgradation and infrastructure related projects involving complete renovation/addition and alteration, major structural repairs, large terrace area water proofing, external wall repairs/painting, renovation of rooms etc. are currently underway and many more in the pipeline. These projects are essential to strengthen our ageing assets with a view to prolong their effective utilisation over the years in a safe environment.

As these projects involve considerable outlay and require multiple NOCs / Clearances from the Govt. authorities, a need was felt to create a separate Nodal Committee that would act as an Apex body to co-ordinate common activities relating to planning and execution of various projects under the guidance / supervision of committees with domain expertise (like Health Club, Library, Swimming Pool, Cricket, Table Tennis, F&B, House etc.). Limited resources of the Project Dept. of the Club in undertaking the task of providing technical support to various user Committees and actual monitoring of the works in progress, were to be utilised optimally, with a view to strike a right balance amongst the competing demands of various projects/Committees and allocate resources in accordance with the priorities set out by the Executive Committee.

It was this concept that gave birth to the formation of Project Implementation Committee (PIC) in November 2014, with a flexible charter of responsibilities and empowered to steer multiple projects simultaneously in an optimal manner and also explore possibilities of unlocking FSI, overseeing Project Department, their liaising with various agencies and compile land records related to the Club property. Until then, House Committee was looking after most of these tasks in a loosely defined framework.

This approach has smoothened the process of concurrent planning and execution of multiple projects without major hiccups, with centralised monitoring mechanism. Composition of the Committee includes all the four Office Bearers and ensures representation of all interest groups.

The PIC has planned, piloted and monitored execution of several projects / works so far, which have already been briefly enumerated under the head “Infrastructure Upgradation” above. However, list of the


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major works completed, assisted by the Project Implementation Committee and under active monitoring by its own and other various Committees, is appended below for quick recapitulation:

- IPL 2014 upgrading and maintaining facilities as mandated by the authorities

- Overseeing completion of water proofing the terrace, re-plastering of external walls and painting of the Club House, C K Naydu Hall and Terrace

- Planning and finalizing the Card room, Board room plans under guidance of the Executive Committee

- Identifying area for relocation of Library and planning on schedule of work required for same

- Setting up new Table Tennis room

- Repair to the shed behind badminton for proposed New Library

- Coordinating with Swimming and Health Club Committees for these projects

- Compilation of various land record documents and getting copies of missing

Documents from the Authorities

- Covering of the drain on the periphery of the ground with grating

- Renovation of Chinese Kitchen

- Renovation of Chinaman Restaurant

- Renovation of Ladies Health Club

- Replacement of two lifts (Block – I & II of Stadium House)

- Replacement of vertical facia and curved eaves AC sheets with Galvalum sheets of the Stadium roof

The projects already under execution/just a whisker away from the work commencement are as follows:

- Renovation of Coffee Shop Kitchen involving Civil & Plumbing Works, Air Exhaust System, Electrical Works, Drainage Work, Gas Suppression System, Gas Pipeline, installation of new Kitchen Equipment etc.

- Expansion of the Existing Swimming Pool and landscaping

- Setting up Health Club facilities under West Stand

- Renovation of Ladies Dressing Room near Reception (clubhouse

- Setting up facilities for harnessing Solar energy

In addition, there are a host of other renovation/upgradation of several other parts of the Club under different stages of planning. All such projects would be taken up in a phased manner as per the priorities accorded by the Executive Committee, keeping in view our own constraints in effectively monitoring concurrent project execution.

Apart from the infrastructure upgradation, the PIC has focussed on finding missing links in our old land records and painstaking following up with the Government authorities to fill the gaps, at times by resorting to RTI route. We are pleased to report that the Club has been very successful in obtaining past-approved plans and documents, on the basis of which measures have been initiated to correct the anomalies in our land records, hitherto un-noticed.

The PIC has also taken up strongly with the Municipal Corporation, inaccuracies in depicting the Club in the Draft Development Plan. We registered our objections, made presentation and suggested remedial measures. The revised Development Plan would hopefully remedy the situation.

INFORMATION TECHNOLOGY (IT)During the year under review, seven meetings of the Committee were held.

WebsiteThe completion of the website is underway. Phase 2 and Phase 3 of the website is scheduled to be completed in the 3th quarter of the calendar year. The website promises to have additional functionality and customization including interfacing with the new library software, viewing current and past bills.


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Library Management Modernization SolutionThe initiative to modernising the library is in progress and this solution aims to increase efficiency, effectiveness, speed and enhance the overall member experience. The manual process of bar coding books and assets in excess of 75,000 is in-progress and is scheduled to be completed by the 3rdquarter of the calendar year.

Network Audit and Subsequent Re-AlignmentCompletion of the Network Audit was undertaken to ensure that the network is operating at optimum levels. As per the audit report, rectification and re-alignment of network cables was carried out resulting in a substantial increase in network efficiency. Additionally there are plans to lay Optical Fibre Cables across the road to CCI Chambers for better Data and Voice connectivity.

Bulk E-mail SolutionsGiven the need to communicate with the members more effectively and in a timely manner, a new solutions provider was identified with a more efficient and compliant bulk e-mail solution. The Club can now send bulk e-mails, customize the templates and effectively manage the e-mail list.

Managed and Compliant E-mail Service with Enhanced FeaturesThe Club e-mail has been migrated to a reputed managed e-mail solution provider with many more features. The solution provider will conduct routine maintenance and upgrades and the solution has a state or the art security and archival system complying with stringent TRAI regulations.

Guest Authentication Management SystemDevelopment efforts are on for a Guest Authentication System whereby guests will be authenticated and photographed and records maintained for security. The system will be designed keeping in mind the rules and regulations of the Club.

Wi-Fi and Internet BandwidthWith the increase in usage of smart phones and tablets the current Wi-Fi solution has outlived its usefulness. Given the enhanced usage and stringent TRAI security requirements new solutions are being identified for Wi-Fi. The dedicated high speed Internet Bandwidth was enhanced to 20 mbps for the benefit of the club and the members.

POS terminals and PrintersIn tandem with F&B department, additional Point of Sale terminals and Printers were installed. This will substantially increase the efficiency in order taking. Tablet ordering is a natural successor to this and the various solutions are being explored.

SMS GatewayGiven the need to communicate with the members more effectively and in a timely manner, a TARAI compliant SMS solutions provider was identified. The Club can now send bulk SMS to its members.

HUMAN RESOURCE (HR)The Management’s relations with the Union/ Employees continued to be good and cordial and the Executive Committee is happy to place on record its appreciation for the loyalty and good work of the employees and the co-operation of the Union.

The Staff/Workers who are not covered under the ESIC Scheme are now again insured along with their dependents by the Club with the United India Insurance Co. Ltd.

With a view to provide wholesome food to the staff in a clean environment, a new Staff Cafeteria has been set up under the North Stand. This has already become functional and efforts of the management are on to encourage our staff to optimally utilise the cafeteria facilities.

Several new initiatives have been initiated with a view to generate greater synergy of efforts of multiple departments and channelize the resources in an optimal manner. Organisational structure has also been strengthened to bring in focus areas hitherto on the side-lines or which have gained considerable importance in the recent past such as Project implementation, membership related issues, general upkeep and hygiene standards etc. Systems and procedures have been substantially streamlined, aimed


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at enhanced productivity and greater accountability. Professional trainers have been appointed to help skill development.

The Executive Committee is conscious of the fact that success of most of our ventures depends substantially on the quality of manpower we have and how best we utilise them. It has been therefore our consistent endeavour to keep our staff motivated and well-equipped to discharge their responsibilities in an efficient and effective manner.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013.As per the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013, Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.

The following is a summary of sexual harassment complaints received and disposed off during the year 2014-15:Number of complaints received : NILNumber of complaints disposed off : NIL

EXECUTIVE COMMITTEE MEMBERS

Mr. Sachin P. Bajaj, Mr. Kapill K. Malhotra, Mr. Manan K. Mashruwala, Mr. Naval F. Pandole and Mr. Niraj N. Rungta retire under Article 74 and 75 of the Articles of Association of the Club. All of them are eligible for re-election. Mr. Sachin P. Bajaj, Mr. Manan K. Mashruwala and Mr. Naval F. Pandole have offered themselves for re-election. However, Mr. Kapill K. Malhotra and Mr. Niraj N. Rungta have expressed their desire not to seek re-election.

EXTRACT OF ANNUAL RETURNForm MGT-9 providing an extract of the Annual Return in terms of Section 92 of the Companies Act, 2013 and the rules made thereunder is annexed to this report.

DIRECTORS’/EXECUTIVE COMMITTEE MEMBERS’ RESPONSIBILITY STATEMENTIn accordance with the requirements of Section 134 (3) (c) of the Companies Act, 2013, the Directors/Executive Committee Members of the Company/Club declare that:

(i) in the preparation of the Annual Accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures.

(ii) the Directors/ Executive Committee Members had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the State of Affairs of the Company/ Club at the end of the Financial Year and of the Profit And Loss/ Income and Expenditure Statement of the Company/ Club for the period.

(iii) the Directors/ Executive Committee Members had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company/ Club and for preventing and detecting fraud and other irregularities.

(iv) the Directors/ Executive Committee Members had prepared the Annual Accounts on a going concern basis.

(v) the Directors/ Executive Committee have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

DISCLOSURE OF INFORMATION PURSUANT TO SECTION 134 (3) (m) OF THE COMPANIES ACT, 2013Having regard to the nature of business of the Club, the Executive Committee does not have any comments to offer in regard to these matters.

There is no foreign exchange earnings and outgo during the year under report.


33

RISK MANAGEMENT [AS PER SECTION 134 (3) (n)]The Executive Committee of the Club does not foresee any risk barring natural calamities and unforeseen circumstances during the period under review.

DETAILS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186The Club has not given any loan, guarantee or security to any person during the period under review except such loans provided to the employees of the Club.

RELATED PARTY TRANSACTIONS UNDER SECTION 188There are no related party transactions entered by the Club during the period under review.

DISCLOSURE UNDER SECTION 197 (12) OF THE COMPANIES ACT, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

There are no employees drawing remuneration of Rs. 5,00,000 per month or Rs. 60,00,000/- per year. Hence, disclosure in the aforesaid section is not applicable.

AUDITORS The Club’s Auditors, M/s. Khandelwal Jain & Co., retire at the close of the ensuing Annual General Meeting and are eligible for reappointment. The observations made by the auditors in their reports are self-explanatory and do not call for any other comments.

ACKNOWLEDGEMENT The Executive Committee places on record, its sincere appreciation for the co-operation and dedicated hard-work put in by all the Vice Chairmen / Honorary Secretaries, Members of the various Committees / Sub-Committees.

The Committee also records its appreciation for the co-operation and help extended by various sports organizations in running different Tournaments conducted by the Club.

And finally, the Executive Committee wishes to place on record its appreciation of the sincere and dedicated efforts of all our Staff.

On behalf of the Executive Committee

KEKOO S. NICHOLSON(PRESIDENT)

DIN : 00614363Place : MumbaiDate : 2nd September 2015


34

Form No. MGT-9EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31st March 2015[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies

(Management and Administration) Rules, 2014]I. REGISTRATION AND OTHER DETAILSi) CIN : U92411MH1933PLC002813ii) Registration Date : 9th November, 1933iii) Name of the Company : The Cricket Club of India Limitediv) Category / Sub-Category of the Company : Category : Public Company

Sub- Category : Company not having share capital

v) Address of the Registered office and contact details : J N Tata Pavilion, DinshawVachha Road, Mumbai - 400 020 Phone No : 022- 6785 3600 E-mail id : [email protected]

vi) Whether listed company : No vii) Name, Address and Contact details of Registrar and Transfer Agent, if any : Not Applicable II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY -All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-

Sl. No. Name and Description of main products / services

NIC Code of the Product/ service

% total turnover of the company

1 Chamber Revenue 6810 14.342 Catering Income 56101, 56301 & 56302 44.193 Subscription Fees NA 12.754 Rent Income NA 10.9

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES – (NOT APPLICABLE)

Sl. No.

Name and Address of the Company

CIN/GLN Holding/ Subsidiary/Associate

% of shares held

Applicable Section

1 2 Not Applicable3


35

IV. SHARE HOLDING PATTERN (EQUITY SHARE CAPITAL BREAKUP AS PERCENTAGE OF TOTAL EQUITY)

(i) Category-wise Share Holding - NOT APPLICABLE (Being Company Limited by Guarantee not having share capital)

Refer Page No. 5 of Annual Report for Mambership details.

(ii) Shareholding of Promoters (NOT APPLICABLE)

V. INDEBTEDNESS (NOT APPLICABLE)

Indebtedness of the Company including interest outstanding/accrued but not due for payment

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager : (NOT APPLICABLE)

B. Remuneration to other directors: (NOT APPLICABLE)C. ** Remuneration to Key Managerial Personnel other then MD/Manager/WTD ** The Executive Committee has appointed / designated Mr. Nand Kumar Jha and Mr. Mahesh

Naik, as Secretary and Chief Finance Officer of the Club respectively. The criteria provided under Section 203 of the Companies Act, 2013 towards the appointment of Key Managerial Personnel (KMP) is not applicable to the Cricket Club of India Limited being Company Limited by Guarantee and not having share capital. Hence the details are not provided.

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

During the financial year, there is no instance of any penalty/punishement/compounding of offence under the Companies Act, 2013 against any Director,Key Managerial Person and other officers in default.

Type Section of the Companies Act

Biref Description

Details of penalty/punsihment/compounding/fees imposed

Auhtority [RD/NCLT/COURT]

Appeal made,if any

A. COMPANYPenalty None PunishmentCompoundingB. DIRECTORSPenalty None PunishmentCompoundingC.OTHER OFFICERS IN DEFAULTPenalty None PunishmentCompounding

On behalf of the Executive Committee

Place : Mumbai Mr. Kekoo S. Nicholson Date : 2nd September 2015 President DIN : 00614363


36

INDEPENDENT AUDITOR’S REPORTTO THE MEMBERS OF THE CRICKET CLUB OF INDIA LIMITED

Report on the Financial StatementsWe have audited the accompanying financial statements of THE CRICKET CLUB OF INDIA LIMITED (“the Company”), which comprise the Balance Sheet as at March 31, 2015, the Statement of Income and Expenditure,the Cash Flow Statement for the year then ended, and a summary of the significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial StatementsManagement is responsible for the matters stated in Section 134(5) of The Companies Act, 2013 (“the Act”) with respect to the preparation and presentation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies(Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design,implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit.We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial control system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.

OpinionIn our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2015, and its surplus and its cash flows for the year ended as on that date.


37

Report on Other Legal and Regulatory Requirements1. As required by the Companies (Auditor’s Report) Order, 2015 (“the Order”), issued by the Central

Government of India in terms of sub-section (11) of section 143 of The Companies Act, 2013, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

2. As required by Section 143 (3) of the Act, we report that:

a) We have sought and obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purposes of our audit.

b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books.

c) The Balance Sheet, the Statement of Income and Expenditure, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

e) On the basis of the written representations received from the directors as on March 31, 2015,taken on record by the Board of Directors, none of the directors is disqualified as onMarch 31, 2015 from being appointed as a director in terms of Section 164 (2) of the Act.

f) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements – Refer Note 28 to the financial statements;

ii. According to the information & explanations given to us, the Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

For KHANDELWAL JAIN & CO.Chartered Accountants

Firm registration No. 105049W

(CHIRAG DOSHI)PARTNER

Membership No.119079Place: MumbaiDate: August 7, 2015


38

Annexure to the Independent Auditor’s ReportAnnexure referred to in paragraph 1 under the heading of “Report on Other Legal and Regulatory Requirements” of Independent Auditors’ Report to the members of THE CRICKET CLUB OF INDIA LIMITED (“the Company”) for the year ended March 31, 2015. We report that:i) a) The Company has maintained proper records showing full particulars including quantitative

details and situation of its fixed assets.

b) There is a regular programme of verification which, in our opinion, is reasonable having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification.

ii) a) The inventory has been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable.

b) According to the information and explanations given to us, the procedures followed for physical verification of the inventory are, in our opinion, reasonable and adequate in relation to the size of the Company and the nature of its business.

c) According to the records produced before us for our verification, there were no material discrepancies noticed on physical verification of stocks referred to in Para ii (a) above as compared to the book records and the same have been properly dealt with in the books of account of the Company.

iii) According to the information & explanations given to us,the Company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under Section 189 of the Act. Therefore, the provisions of clause 3(iii) of Companies (Auditor’s Report) Order, 2015 are not applicable to the Company.

iv) In our opinion and according to the information and explanations given to us, there are adequate internal control systems commensurate with the size of the company and the nature of its business with regards to purchase of inventory and fixed assets and for the sale of goods and for rendering of services. During the course of our audit, we have not observed any continuing failure to correct major weaknesses in internal controls system.

(v) The Company has not accepted any deposits during the year from the public within the meaning of the provisions of Section 73 to 76 or any other relevant provisions of the Companies Act, 2013 and the rules made thereunder.

(vi) We are informed that no cost records are required to be maintained by the Company under Section 148(1) of the Companies Act, 2013.

vii) a) According to the information and explanations given to us, the Company has been generally regular in depositing undisputed statutory dues including Provident Fund, Employees’ State Insurance, Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Value Added Tax, Cess and other material statutory dues wherever applicable, with the appropriate authorities during the year and there are no statutory dues outstanding for a period of more than six months from the date they became payable.

b) According to the information and explanation given to us, there are no cases of non-deposit of disputed Income Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, Value Added Tax and Cess with the appropriate authority, except the following (net of amount paid under protest) :


39

Name of the Statute Nature of the Dues Period to which the amount relates

Amount `

Forum where dispute is pending

Income Tax Act, 1961 Income Tax 2002-03 30,48,757 ITATIncome Tax Act, 1961 Income Tax 2004-05 5,01,402 CIT (Appeals)Income Tax Act, 1961 Income Tax 2005-06 35,54,612 ITATIncome Tax Act, 1961 Income Tax 2006-07 14,24,889 ITATIncome Tax Act, 1961 Income Tax 2007-08 2,10,09,722 CIT (Appeals)Income Tax Act, 1961 Income Tax 2008-09 43,18,225 CIT (AppealsFinance Act, 1994 Service Tax Various Years 25,14,13,466 Appellate TribunalMaharashtra Tax on Luxuries Act, 1987

Luxury Tax 2008-09 4,15,120 JCST (Appeals)

Brihanmumbai Mahanagar Palika

Property Tax Various Years 64,34,601 Brihanmumbai Mahanagar Palika

Central Excise Central Excise Various Years 7,81,077 Commissioner of Central Excise

c) According to the information and explanations given to us, there were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules made thereunder.

(viii) The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the current financial year and in the immediately the preceding financial year.

(ix) The Company has not borrowed any amounts from banks, financial institutions or by issue of debentures. Accordingly paragraph 3 (ix) of the Order is not applicable.

(x) According to the information and explanations given to us, the company has not given any guarantee for loans taken by others from bank or financial institutions.

(xi) The Company did not have any term loans and hence paragraph 3 (xi) of the Order is not applicable.

(xii) Based upon the audit procedures performed and information and explanations given by the management, we report that no fraud on the Company or by the Company has been noticed or reported during the course of our audit.

For KHANDELWAL JAIN & CO.Chartered Accountants

Firm registration No. 105049W

(CHIRAG DOSHI)PARTNER

Membership No.119079Place: MumbaiDate: August 7, 2015


40

Notes to Financial Statements for the year ended March 31, 2015Note 1: Corporate InformationThe Cricket Club of India Ltd (“CCI” or the “Company”) is a private club incorporated in 1933 with an object to promote cricket and other sports in the country. The CCI is incorporated as Company Limited by Guarantee under the provision of Companies Act 1956. The company does not have share capital. Note 2: Significant Accounting Policies:2.1 Basis of Preparation of Financial Statements These financial statements are prepared in accordance with Indian Generally Accepted Accounting

Principles (GAAP) under the historical cost convention on the accrual basis, Pursuant to Section 133 of the Companies Act, 2013 (‘the Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014. Accounting policies have been consistently applied.

2.2 Use of Estimates The preparation of the financial statements in conformity with GAAP requires the management

to make estimates and assumptions that affect the reported balances of assets and liabilities and disclosures relating to contingent assets and liabilities as at the date of the financial statements and reported amounts of income and expenses during the period. Examples of such estimates include provisions for doubtful debts, future obligations under employee retirement benefit plans, income taxes and the useful lives of fixed assets. The difference between the actual result and estimate are recognized in the period in which results are known or materialized.

2.3 Fixed Assets, Depreciation and Capital Work-in-Progressa) All Fixed Assets are stated at cost of acquisition or construction less accumulated depreciation.

Cost comprises cost of acquisition and any attributable cost of bringing the asset to the condition for its intended use.

b) Effective 1st April 2014, the Company depreciates its fixed assets over the useful life as per Schedule II of The Companies Act, 2013 except in case of Building Improvements which are depreciated over the estimated useful life of 10 years.

c) No depreciation is provided on Sports Trophies and Cricket Museum Items.d) Capital Work-in-Progress is carried at cost comprising of direct cost and related incidental

expenditure.2.4 Intangible Assets and Amortization Software is capitalized where it is expected to provide future enduring economic benefits.

Capitalization costs include costs of implementation. The management estimates the useful lives of intangible assets to be 5 (five) years and expects to derive economic benefits from such assets evenly over the period of its useful life. Accordingly, software is amortized over a period of 5(five) years on a straight-line basis.

2.5 Investments Long Term Investments are carried at cost. Provision for diminution is made only if, in the opinion

of the management, such a decline is other than temporary. Current investments are carried at the lower of cost and fair value.

Premium on purchase of bond is amortized over the life of bond on a straight-line basis. 2.6 Revenue Recognitiona) Subscription, Guest Fees, Catering, Sports fees, Rent/Compensation and Other Income, are

accounted for on accrual basis.b) Dividend on Investments held by the Company is accounted for as and when the right to receive

the dividend is established.c) Interest Income is accounted on accrual basis.2.7 Inventories Stock of Catering Stores, Permit Room, Sports/Games and Other items are valued at lower of cost

or net realizable value on weighted average method.


41

2.8 Employee Benefitsa) Short Term Employees Benefits Short Term Employees Benefits are recognized as an expense at the undiscounted amount in the

Income and Expenditure Account of the year in which the related services is rendered.b) Post Employment Benefitsi) Provident Fund Provident Fund is a defined contribution scheme and the contributions are charged to the Statement

of Income and Expenditure of the year when the contributions are paid/payable.ii) Gratuity Gratuity liability is a defined benefit obligation and is provided for on the basis of actuarial valuation

on projected unit credit method made at the end of each year. The actuarial gain or losses are recognized immediately in the Statement of Income and Expenditure. The gratuity liability is funded through employees group gratuity insurance scheme of Life Insurance Corporation of India.

iii) Leave Encashment Leave liability is a defined benefit obligation and is provided for on the basis of actuarial valuation

on projected unit credit method made at the end of each year. The actuarial gain or losses are recognized immediately in the Statement of Income and Expenditure. The gratuity liability is funded through employees group gratuity insurance scheme of Life Insurance Corporation of India.

2.9 Entrance (including Contingency) and Readmission Fees are treated as Capital Receipts and accordingly credited to Reserve Fund.

2.10 Income Tax Income Tax comprises of current tax and deferred tax. Current tax is determined in respect of

taxable income which is other than income regarded as exempt under the principle of mutuality. Deferred Tax asset and liabilities are recognized for the future tax consequences of timing difference, subject to the consideration of prudence. Deferred tax assets and liabilities are measured using the tax rates enacted or substantially enacted by the balance sheet date. The carrying amount of asset/liability is reviewed at each balance sheet date.

2.11 Prior Period Items Prior period expenses/income is accounted under the respective heads. Material items, if any are

disclosed separately by way of a note.2.12 Provisions & Contingent Liabilities The Company creates a provision when there is a present obligation as a result of an obligating

event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

2.13 Other Accounting Policies These are consistent with the generally accepted accounting practices.2.14 Cash and Cash Equivalents The Company considers all highly liquid financial instruments, which are readily convertible into

and cash and have original maturities of three months or less from the date of purchase, to be cash equivalents.Cash and cash equivalents in the cash flow statement comprise cash at bank and in hand and short-term bank deposits with original maturity of three months or less.

2.15 Cash Flow Statement The Cash Flow Statement is prepared by the “indirect method” set out in Accounting Standard

3 on “Cash Flow Statements” and presents the cash flows by operating, investing and financing activities of the Company.


42

BALANCE SHEETas at March 31, 2015

As per our report of even date annexed For and on Behalf of The Executive Committee For Khandelwal Jain & Co. Chartered Accountants Mr. Kekoo S. Nicholson (President) Mr. Sanju S. Kothari Firm Registration No. 105049W Mr. Premal H. Udani (Hon. Treasurer) Mr. Manan K. Mashruwala Mr. Sureshkumar S. Bafna (Jt. Hon. Treasurer) Mr. Darayus A. Mehta Mr. Sewakpal A. Bedi Mr. Naval F. Pandole Mr. Nitin G. Dossa Mr. Sevanti J. Parekh Chirag Doshi Mr. Rajan R. Hiranandani Mr. Niraj N. RungtaPartner Mr. Rakesh B. KapoorMembership No. 119079 Place : Mumbai N. K. Jha Date : August 7, 2015 (Secretary)

ParticularsNote No

As at March 31, 2015

`


`

I EQUITY AND LIABILITIES1) Reserves and Surplus 3 5,183,078,223 4,801,120,740 2) Non Current Liablities

a) Deferred Tax Liability 4 1,007,989 1,107,003 b) Other Long Term Liabilities 5 23,303,174 12,463,586 c) Long Term Provisions 6 14,140,164 8,747,100 38,451,327 22,317,689

3) Current Liablities a) Trade Payables 7 61,446,814 60,086,007 b) Other Current Liabilities 8 409,018,373 340,259,154 c) Short Term Provisions 9 12,141,148 10,095,333 482,606,335 410,440,494

TOTAL 5,704,135,885 5,233,878,923 II ASSETS1) Non Current Assets

a) Fixed Assetsi Tangible Assets 10 170,483,700 255,212,512 ii Intangible Assets 1,300,719 1,719,313 iii Capital work-in-progress 13,859,027 18,970,549 iv Intangible Assets Under Development 1,465,000 727,200

b) Non Current Investments 11 2,613,587,800 1,197,716,955 c) Long Term Loans and Advances 12 182,207,390 170,351,952 d) Other Non-Current Assets 13 - 276,675,965

2,982,903,636 1,921,374,446 2) Current Assets

a) Current Investments 14 2,166,823,791 2,813,326,001 b) Inventories 15 14,847,883 14,567,782 c) Trade Receivables 16 66,467,645 66,623,726 d) Cash and Cash Equivalents 17 89,909,807 181,021,459 e) Short Term Loans and Advances 18 8,076,353 16,985,605 f) Other Currrent Assets 19 375,106,770 219,979,904

2,721,232,249 3,312,504,477 TOTAL 5,704,135,885 5,233,878,923

Significant Accounting Policies 2Notes to Accounts 1 - 34


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As per our report of even date annexed For and on Behalf of The Executive Committee For Khandelwal Jain & Co. Chartered Accountants Mr. Kekoo S. Nicholson (President) Mr. Sanju S. Kothari Firm Registration No. 105049W Mr. Premal H. Udani (Hon. Treasurer) Mr. Manan K. Mashruwala Mr. Sureshkumar S. Bafna (Jt. Hon. Treasurer) Mr. Darayus A. Mehta Mr. Sewakpal A. Bedi Mr. Naval F. Pandole Mr. Nitin G. Dossa Mr. Sevanti J. Parekh Chirag Doshi Mr. Rajan R. Hiranandani Mr. Niraj N. RungtaPartner Mr. Rakesh B. KapoorMembership No. 119079 Place : Mumbai N.K. Jha Date : August 7, 2015 (Secretary)

STATEMENT OF INCOME AND EXPENDITUREfor the year ended March 31, 2015

Particulars Note No

For the year ended March 31, 2015

`


Ì Revenue

a) Chamber Revenue 20 43,024,589 40,657,764 b) Catering Income 21 132,567,470 131,077,627 c) Subscription Fees 38,246,212 31,693,652 d) Cricket Income 22 15,240,499 1,447,407 e) Other Sports Income 23 18,191,934 14,969,969 f) CCI Open Championships Income 24 534,390 1,174,977 g) Other Operating Income 25 52,217,978 32,315,561

300,023,072 253,336,957 II Other Income

a) Interest Incomei) OnFixed Deposits 46,054,029 76,377,888 ii) Long term Investment 106,917,537 79,001,084 iii) On Members Outstanding 3,069,842 1,692,954 iv) Others 588,492 1,158,743

b)Dividend Income on Current Investment 2,212,645 11,246 Long term Investment - -c) Profit on Sale of Investment (Net) Current Investment 129,992,804 24,878,707 Long term Investment 97,301,970 93,605,985

386,137,319 276,726,607 III Total Revenue (I+II) 686,160,391 530,063,564 IV Expenses

a) Chamber Expenditure 20 21,549,304 23,354,971 b) Catering Expenditure 21

i) Food and Beverage Consumed 86,050,295 80,239,337 ii) Other 102,172,395 97,164,321

c) Cricket Expenditure 22 25,281,146 12,115,039 d) Other Sports Expenditure 23 39,806,140 34,338,358 e) CCI Open Championships Expenditure 24 9,815,756 7,746,547 f) Other Operating and General Expenses 25 121,918,620 111,358,339 g) Employee Benefit Expenses 26 80,107,782 62,644,701

Depreciation and Amortisation 60,568,179 27,221,100 Less: Allocated 1,741,395 1,196,142

58,826,784 26,024,958 Amortisation of Premium on Long Term Investment 6,762,021 1,622,932

V Total Expenses 552,290,243 456,609,500 VI Surplus before Exceptional and Extraordinary

Items and Tax (III-V) 133,870,149 73,454,064 VII Exceptional Items - -VIII Surplus Before Tax (VI - VII) 133,870,149 73,454,064 IX Tax Expenses

a)Current Tax 66,500,000 21,900,000 b)Deferred Tax (99,014) 28,024

X Surplus After Tax (Excess of Income Over Expenditure) 67,469,163 51,526,040 Significant Accounting Policies 2Notes to Accounts 1-34


44

CASH FLOW FOR THE YEAR ENDED MARCH 31, 2015

ParticularsFor the year ended

March 31, 2015 `


`(A) CASH FLOW FROM OPERATING ACTIVITIES

Surplus Before Tax 133,870,149 73,454,064

Adjustments for :Non Cash Items Depreciation 60,568,179 27,221,100 Provision for Bad Debts 553,069 - Amortisation of Premium on Long Term Investments 6,762,021 1,622,932 Surplus on sale of Investments (227,294,775) (118,484,692)Interest Income (152,971,566) (155,378,972)Dividend Income (2,212,645) (11,246)

Operating Cash Flows Before Working Capital Changes (180,725,568) (171,576,814)

Working Capital AdjustmentsIncrease in Long Term Loans and Advances (9,394,645) (248,713)Increase in Inventories (280,101) (4,036,588)Increase in Trade Receivables (396,988) (63,613)Decrease in Short Term Loans and Advances 8,909,252 (12,175,003)Increase in Other Current Assets 3,831,451 279,482,249 Increase in Other Long Term Liabilities 10,839,588 375,081 Increase in Long Term Provisions 5,393,064 (338,834)Increase in Trade Payables 1,360,807 2,678,886 Increase in Other Current Liabilities 68,759,219 71,797,964 Increase in Short Term Provisions 2,045,815 (386,318)

Cash Used in Operations (89,658,106) 165,508,297

Direct Taxes paid (net of refunds) (68,960,793) (39,333,177)

Net Cash Used in Operating activities (158,618,899) 126,175,120

(B) CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Fixed Assets (46,490,420) (49,602,998)Purchase of Investments (4,151,117,249) (3,666,248,863)Sale of Investments 3,602,281,368 2,814,205,289 Interest Income 179,647,531 141,917,985 Dividend Income 2,212,645 11,246 Maturity of Bank Fixed Deposits 250,000,000 310,000,000

Net Cash Flow From Investing Activities (163,466,125) (449,717,341)

(C) CASH FLOW FROM FINANCING ACTIVITIES

Entrance Fees received from members 344,220,000 271,862,000 Library Fund received from members 1,033,000 881,500 Contingency Fund received from members 44,678,690 35,412,520 Sports Promotion fund received 3,485,000

Net Cash Flow From Financing Activities 389,931,690 311,641,020

NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 67,846,666 (11,901,201)

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 21,021,459 32,922,660

CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 88,868,125 21,021,459

As per our report of even date annexed For and on Behalf of The Executive Committee For Khandelwal Jain & Co. Chartered Accountants Mr. Kekoo S. Nicholson (President) Mr. Sanju S. Kothari Firm Registration No. 105049W Mr. Premal H. Udani (Hon. Treasurer) Mr. Manan K. Mashruwala Mr. Sureshkumar S. Bafna (Jt. Hon. Treasurer) Mr. Darayus A. Mehta Mr. Sewakpal A. Bedi Mr. Naval F. Pandole Mr. Nitin G. Dossa Mr. Sevanti J. Parekh Chirag Doshi Mr. Rajan R. Hiranandani Mr. Niraj N. RungtaPartner Mr. Rakesh B. KapoorMembership No. 119079 Place : Mumbai N. K. Jha Date : August 7, 2015 (Secretary)


45


46


47


48


49


50

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED

MARCH 31, 2015


51

Notes to Financial Statements for the year ended March 31, 2015Note 3 - Reserves and Surplus

Particulars As at

March 31, 2015 `


`

3.1 GENERAL RESERVES :Balance as per last Balance Sheet 3,633,828,956 3,361,966,956 Less : Amount refunded during the year - 3,200,000 Add : Entrance & Readmission Fees from Members 344,220,000 275,062,000 Closing Balance 3,978,048,956 3,633,828,956

3.2 SURPLUS IN STATEMENT OF INCOME AND EXPENDITUREBalance as per last Balance Sheet 815,305,036 763,778,996 Less : Additional Depreciation Pursuant to enactment of Schedule II of the companies Act 2013 (Refer Note 33)

75,443,370 -

Add : Excess of Income over Expenditure for Current Year

67,469,163 51,526,040

Closing Balance 807,330,829 815,305,036

3.3 BUILDING FUND (DONATIONS) :Balance as per last Balance Sheet 468,001 468,001

3.4 CRICKET PROMOTION FUNDBalance as per last Balance Sheet 5,161,443 5,161,443

3.5 SPORTS PROMOTION FUND :Balance as per last Balance Sheet 13,767,007 10,282,007 Add : Amount received during the year - 3,500,000 Less : Amount utilised during the year - 15,000 Closing Balance 13,767,007 13,767,007

3.6 RESERVE FOR BADMINTON ROLLING

TROPHIES, RANJI STAND & TENNIS STANDBalance as per last Balance Sheet 87,151 87,151

3.7 LIBRARY FUNDBalance as per last Balance Sheet 9,412,099 8,530,599 Add : Received during the year 1,033,000 881,500 Closing Balance 10,445,099 9,412,099

3.8 CONTIGENCY FUND :Balance as per last Balance Sheet 323,091,047 287,678,527 Less : Amount paid during the year - 416,000 Add : Amount received during the year 44,678,690 35,828,520 Closing Balance 367,769,737 323,091,047

TOTAL 5,183,078,223 4,801,120,740


52

Notes to Financial Statements for the year ended March 31, 2015Note 4 - Deferred Tax Liability

Particulars March 31, 2015 `

March 31, 2014 `

Fixed Assets 1,007,989 1,107,003 TOTAL 1,007,989 1,107,003

Note 5- Other Long Term Liabilities


March 31, 2014 `

Sundry Deposits 23,303,174 12,463,586 TOTAL 23,303,174 12,463,586

Note 6 - Long Term Provisions


March 31, 2014 `

a) Provision for Employee Benefitsi Provision for Gratuity (Also Refer Note : 27) 13,026,906 8,540,510ii Provision for Leave Encashment (Also Refer Note : 27) 906,668 -

b) Other Provisioni Provision for Fringe Benefit Tax 206,590 206,590

TOTAL 14,140,164 8,747,100

Note 7 - Trade Payables


March 31, 2014 `

a) Creditors for Purchases and Services i) Micro and Small Enterprises* 276,254 - ii) Others 47,445,707 46,371,624

47,721,961 46,371,624 b) Provsion for Expenses 13,724,853 13,714,383

TOTAL 61,446,814 60,086,007 * There is Micro, Small & Medium Enterprises, to whom the Company owes dues on account of principal amount or interest as at the Balance Sheet date. This has been determined to the extent such parties have been identified on the basis of information available with the company.Note 8 - Other Current Liabilities


March 31, 2014 `

a) Other Liabilitiesi Duties and Taxes 2,301,903 1,019,814 ii Employee related dues 1,801,927 2,502,569

4,103,830 3,522,383 b) Advance from Members

i Entrance Fees received in Advance 359,588,462 292,368,319 ii Other Advance 24,246,621 25,549,559

383,835,083 317,917,878

c) Creditors for Capital Expenditure 5,166,562 4,521,818 d) Deposits 274,200 241,700 e) Advance payment by Members 15,638,698 14,055,375

TOTAL 409,018,373 340,259,154

Note 9 - Short Term Provision


March 31, 2014 `

Provision for Gratuity (Also Refer Note : 27) 3,677,150 3,778,138Provision for Leave Encashment (Also Refer Note : 27) 8,463,998 6,317,195

TOTAL 12,141,148 10,095,333


53

Notes to Financial Statements for the year ended March 31,2015 Note 10 - Fixed Assets

Particulars

Gross Block Depreciation Net Block Opening Balance

01.04.2014

Additions

During

The Year

Deletions During

The Year

Closing Balance

31.03.2015

Opening

Balance

01.04.2014

Adjustment

(Refers

Note33)

For the Year On Deduction

Up to 31.03.2015

As at 31.03.2015

As at 31.03.2014

` ` ` ` ` ` ` ` ` ` `Tangible Assets

Club House including

Stadium Building & Electric

Installation

238,443,064 15,632,058 4,413,993 249,661,129 124,339,085 61,170,816 19,584,551 4,413,993 200,680,459 48,980,669 114,103,979

Stadium House Building &

Electric Installation

23,928,844 16,735,777 - 40,664,621 3,807,539 147,951 6,516,377 10,471,867 30,192,754 20,121,305

CCI Chambers Co-op. Hsg.

Soc Ltd. Ground Floor &

Electric Installation

20,923,099 600,000 - 21,523,099 4,408,845 1,263,641 4,690,560 10,363,046 11,160,053 16,514,254

Badminton Pavillion, Tennis 28,546,746 201,800 - 28,748,546 10,647,143 304,908 1,974,153 12,926,204 15,822,342 17,899,603 Courts including Electrical

Installation

Stadium Flood Light/Tennis

Courts

57,385,671 - - 57,385,671 39,173,567 6,099,457 3,554,891 48,827,915 8,557,756 18,212,104

Ground & Garden 148,834 - - 148,834 - - - - 148,834 148,834 Filteration and Treatment

Plant for Swimming Pool

3,925,577 - - 3,925,577 2,332,011 - 309,615 2,641,626 1,283,951 1,593,566

Furniture and Fixtures 75,722,567 6,070,349 - 81,792,916 63,279,850 968,863 4,591,173 68,839,886 12,953,030 12,442,717

Health Club Equuipments 22,102,651 1,948,042 - 24,050,693 13,986,342 - 1,741,395 15,727,737 8,322,956 8,116,309

Sports, Office, Library

Books & Other Equipments

45,292,882 2,658,248 - 47,951,130 23,931,409 5,117,175 10,090,196 39,138,780 8,812,350 21,361,473

Lawn Mower,Diesel

PowerTiller & Road Roller

2,572,039 39,197 - 2,611,236 1,682,431 - 187,634 1,870,065 741,171 889,608

Computers 15,970,195 2,613,266 - 18,583,461 12,725,973 370,559 2,715,897 - 15,812,429 2,771,033 3,244,222

Air Conditioning Plant & Air

Conditioners

53,283,113 3,113,980 - 56,397,093 35,153,185 - 2,941,715 38,094,900 18,302,193 18,129,928

Diesel Generator 580,299 - - 580,299 576,717 - - 576,717 3,582 3,582

Sports Trophies 909,476 - - 909,476 - - - - 909,476 909,476

Cricket Museum Item 1,521,552 - - 1,521,552 - - - - 1,521,552 1,521,552

TOTAL 591,256,609 49,612,717 4,413,993 636,455,333 336,044,097 75,443,370 58,898,157 4,413,993 465,971,631 170,483,700 255,212,512

Intangible Assets

Software 2,864,475 1,251,428 - 4,115,903 1,145,162 1,670,022 2,815,184 1,300,719 1,719,313

TOTAL 2,864,475 1,251,428 - 4,115,903 1,145,162 - 1,670,022 - 2,815,184 1,300,719 1,719,313

GRAND TOTAL 594,121,084 50,864,145 4,413,993 640,571,236 337,189,258 75,443,370 60,568,179 4,413,993 468,786,815 171,784,419 256,931,825

Previous Year 561,268,753 33,097,330 245,000 594,121,083 310,191,673 - 27,221,100 223,514 337,189,259 256,931,824 251,077,079


54

Notes to Financial Statements for the year ended March 31,2015Note 11 - Non Current InvestmentsNon Trade, Long Term, At Costa) Investment in Shares (Unquoted)

No.of Shares

Face Value

DescriptionMarch 31, 2015

` March 31, 2014

`5 50 CCI Chambers Co-op Housing Society Ltd. 250 250

(5)TOTAL ( a ) 250 250

No. of Bonds

Face Value


` March 31, 2014

` b) Investment in Tax Free Bonds (Quoted)

500 100,000 6.3% Tax Free Bonds of Indian Railway Finance Corporation 50,000,000 50,000,000 (500)

800 100,000 7.51% Power Finance Corporation Ltd 80,099,147 50,000,000 (500)

230,478 1,000 8.00.% Indian Railway Finance Corporation Ltd 233,655,576 159,654,080 (158,727)

313,947 1,000 8.20 % National Highways Authority of India 325,245,816 274,355,194 (264,224)

78,991 1,000 7.93 % Rural Electrification Corporation Ltd. 80,311,375 48,991,000 (48,991)

100,000 1,000 7.18.% Indian Railway Finance Corporation Ltd 100,000,000 100,000,000 (100,000)

500 100,000 7.55% Indian Railway Finance Corporation Ltd 50,000,000 50,000,000 (500)

110,000 1,000 7.19 % India Infrastructure Finance Co. Ltd. 110,000,000 110,000,000 (110,000)

120,000 1,000 8.41 % India Infrastructure Finance Co. Ltd. 120,000,000 120,000,000 (120,000)

50 1,000,000 8.26 % India Infrastructure Finance Co. Ltd. 53,325,980 - -

100 1,000,000 8.48 % India Infrastructure Finance Co. Ltd. 103,384,173 - -

95,000 1,000 8.55 % India Infrastructure Finance Co. Ltd. 101,170,920 - -

630 100,000 6.70 % Indian Railway Finance Corporation Ltd 62,409,797 - -

80,000 1,000 8.40 % Indian Railway Finance Corporation Ltd 86,740,981 - -

50 1,000,000 7.19 % National Housing Bank 50,379,378 - -

10,000 5,000 8.25 % National Housing Bank 53,001,500 - -

50 1,000,000 8.46 % National Housing Bank 55,366,667 - -

120,000 1,000 8.20 % Power Finance Corporation Ltd 126,292,755 - -

100 1,000,000 8.46 % Power Finance Corporation Ltd 111,049,500 - -

75,000 1,000 8.54 % Power Finance Corporation Ltd 83,919,820 - -

TOTAL ( b ) 2,036,353,385 963,000,274


55

Notes to Financial Statements for the year ended March 31,2015Note 11 - Non Current Investmentsc) Investment in Mutual Funds Units (Quoted)

No. of Units Face Value


` March 31, 2014

`

Fixed Maturity Plans

3,000,000 10 Birla Sun Life FTP - Series GI - Growth 30,000,000 30,000,000 (3,000,000)

- 10 ICICI Prudential FMP-S 73-378 Days - Plan N - Dir - Growth - 41,707,624 (4,170,762)

- 10 IDFC Fixed Term Plan - Series 88 - Dir - Growth - 51,175,947 (5,117,595)


- 10 Kotak FMP - Series 148 (388 Days) - Dir - Growth - 20,340,810 (2,034,081)

- 10 LIC Nomura MF FMP - Series 79 (373 Days) - Dir - Growth - 40,000,000 (4,000,000)

- 10 Reliance FHF 26 - Series 2 - Dir - Growth - 30,011,247 (3,001,125)

5,000,000 10 DSP BlackRock FMP - Series 109 - 12 Months - Dir - Growth 50,000,000 - -

5,101,820 10 DSP BlackRock FMP - Series 109 - 12 Months - Dir - Growth 51,018,199 -

1,178,727 10 DSP BlackRock FMP - Series 111 - 12 Months - Dir - Growth 11,787,271 -

6,006,389 10 DWS FMP - Series 62 - Dir - Growth 60,063,887 -

6,000,000 10 ICICI Prudential FMP - S 70 - 366 Days - Plan I - Dir 60,000,000 -

3,001,906 10 IDFC Fixed Term Plan - Series 24 - Dir - Growth 30,019,062 -

5,526,700 10 IDFC Yearly Interval Fund - Series II - Dir - Growth 60,354,330 -

2,876,007 10 IDFC Yearly Interval Fund - Series III - Dir - Growth 31,500,616 -

3,099,939 10 Kotak FMP - Series 105 (370 Days) - Dir - Growth 30,999,390 -

5,000,000 10 Kotak FMP - Series 163 (1100 Days) - Dir - Growth 50,000,000 -

1,109,758 10 Reliance FHF 24 - Series 3- Dir - Growth 11,097,583 -

5,000,000 10 UTI FTIF - Series XIX - Plan 20 - Dir - Growth 50,000,000 -

2,025,599 10 UTI FTIF - Series XV - Plan 8 - Dir - Growth 20,255,992 -

3,013,784 10 UTI FTIF - Series XV - Plan 8 - Dir - Growth 30,137,835 -

TOTAL ( c ) 577,234,165 234,716,431

TOTAL ( a + b + c) 2,613,587,800 1,197,716,955

Aggregate Cost of Unquoted Investments 250 250

Aggregate Cost of Quoted Investments 2,613,587,550 1,197,716,705

Aggregate Market Value of Quoted Investments 2,792,278,239 1,211,464,074


56

Notes to Financial Statements for the year ended March 31,2015

Note 12- Long Term Loans and Advances (Unsecured, Considered Good)


March 31, 2014 `

a) Capital Advances 8,636,910 2,576,821 b) Security Deposit 7,231,990 8,061,742 c) Loans and Advances to Staff 2,657,377 1,687,519 d) Prepaid Expenses 115,424 153,055

18,641,701 12,479,137 e) Other

i) Service Tax Credit Receivable 5,739,219 5,464,993 ii) Vat Tax Credit Receivable 23,500,414 20,646,967 iii) Advance Payment of Income Tax (including TDS) 72,527,259 70,066,466 iv) Service tax Paid under Protest 61,155,641 61,155,641 v) Luxury tax Paid under Protest 538,748 538,748 vi) Luxury tax Paid in Advance 104,408 -

163,565,689 157,872,815 TOTAL 182,207,390 170,351,952

Note 13- Other Non-Current Assets (Unsecured, Considered Good)

Particulars As at

March 31, 2015 `


à) Bank Deposit - 250,000,000 b) Interest Accrued on Bank Deposit - 26,675,965

TOTAL - 276,675,965


57

Notes to Financial Statements for the year ended March 31,2015Note 14 - Current Investmenta) Investment in Mutual Funds Units (Quoted)

No. of Units

Face Value


` March 31, 2014

`

Fixed Maturity Plan/Floating rate Fund : 2,000,000 10 HDFC Annual Interval Fund - Series I - Plan A - Dir - Growth 20,000,000 20,000,000

(2,000,000) - 10 Kotak Bond Scheme - Plan A - Growth - 30,000,000

(842,205) - 10 SBI Dynamic Bond Fund - Growth - 50,000,000

(3,323,231) - 10 DWS Gilt Fund - Dir - Growth - 30,000,000

(2,238,472) - 10 Birla Sun Life FTP - Series HK - Dir - Growth - 80,000,000

(8,000,000) - 10 DSP BlackRock FMP - Series 109 - 12 Months - Dir - Growth - 50,000,000





(2,221,738) - 10 DWS FMP - Series 23 - Dir - Growth - 31,721,675





(6,006,389)

- 10 DWS Interval Fund - Annual Plan - Series 1 - Dir - Growth - 20,000,000 (2,000,000)

- 10 Brila Sun Life Income Plus - Growth - 20,000,000 (1,999,525)

- 10 HDFC FMP - 369D - February 2014 (29) - 2 - Dir - Growth - 41,650,188 (4,165,019)

- 10 HDFC FMP - 370D - February 2014 (29) - 1 - Dir - Growth - 21,349,110 (2,134,911)

- 10 HDFC FMP - 384D - March 2013 (23) - 1 - Dir - Growth - 60,000,000 (6,000,000)

- 10 HDFC FMP - 403D - March 2013 (25) - 1 - Dir - Growth - 80,000,000 (8,000,000)

- 10 ICICI Prudential FMP - S 67 - 366 Days - Plan G - Dir - Growth - 44,022,000 (4,402,200)

- 10 ICICI Prudential FMP - S 67 - 371 Days - Plan C - Dir - Growth - 100,000,000 (10,000,000)


- 10 ICICI Prudential FMP - S 68 - 369 Days - Plan E - Dir - Growth - 20,000,000 (2,000,000)


- 10 ICICI Prudential FMP - S 70 - 366 Days - Plan I - Dir - Growth - 60,000,000 (6,000,000)

- 10 ICICI Prudential FMP - S 72 - 366 Days - Plan K - Dir - Growth - 40,009,350 (4,000,935)

- 10 ICICI Prudential FMP - S 72 - 367 Days - Plan R - Dir - Growth - 76,593,894 (7,659,389)


- 10 IDFC Yearly Interval Fund - Series II - Dir - Growth - 60,354,330 (5,526,700)

- 10 IDFC Yearly Interval Fund - Series III - Dir - Growth - 31,500,616 (2,876,007)

- 10 JPMorgan India FMP - Series 16 - Dir - Growth - 50,061,762 (5,006,176)






58

Notes to Financial Statements for the year ended March 31,2015Note 14 - Current Investment

No. of Units

Face Value


` March 31, 2014

`




- 10 L&T FMP - VII (March13M A) - Dir - Growth - 30,000,000 (3,000,000)






- 10 Reliance FHF 24 - Series 3- Dir - Growth - 11,097,583 (1,109,758)



- 10 Reliance Yearly Interval Fund - Series 6 - Dir - Growth - 60,000,000 (6,000,000)



- 10 Religare Invesco FMP - Series XVII - Plan D - Dir - Growth - 20,000,000 (2,000,000)

- 10 Religare Invesco FMP - Series XVIII - Plan B - Dir - Growth - 30,000,000 (3,000,000)

- 10 Religare Invesco FMP - Series XXII - Plan K - Dir - Growth - 20,378,500 (2,037,852)

- 10 Religare Invesco FMP - Series XXII - Plan O - Dir - Growth - 31,224,280 (3,122,428)

- 10 SBI Magnum DFS - 366 Days - 52 - Dir - Growth - 72,782,320 (7,278,233)

- 10 Sundaram FTP - Plan DF (396 Days) - Reg - Growth - 60,322,912 (6,032,291)

- 10 Sundaram FTP - Plan DV (366 Days) - Dir - Growth - 40,000,000 (4,000,000)

- 10 Tata FMP - Series 43 - Scheme A - Dir - Growth - 29,979,397 (2,997,940)

- 10 UTI FTIF - Series XV - Plan 8 - Dir - Growth - 20,255,992 (2,025,599)

- 10 UTI FTIF - Series XV - Plan 8 - Dir - Growth - 30,137,835 (3,013,784)

- 10 UTI FTIF - Series XVII - Plan 10 - Dir - Growth - 69,456,684 (6,945,669)

- 10 UTI FTIF - Series XVIII - Plan 3 - Dir - Growth - 60,830,761 (6,083,076)

- 10 Templeton India STIP - Dir - Growth - 30,000,000 (12,527)

2,734,532 10 DSP BlackRock Banking & PSU Debt Fund - Dir - Growth 30,000,000 - -



2,424,383 10 DSP BlackRock FMP - Series 161 - 12 Months - Dir - Growth 24,243,827 - -

6,000,000 10 DSP BlackRock FMP - Series 163 - 12 Months - Reg - Growth 60,000,000 - -

42,401 10 DSP BlackRock Liquidity Fund - Dir - Growth 84,188,715 - -

199,855 10 DWS Insta Cash Plus Fund - Dir - Growth 36,027,166 - -

20,609 10 Franklin India STIP - Dir - Growth 60,000,000 - -

1,097,087 10 Franklin India Ultra Short Bond Fund - Dir - Growth 20,000,000 - -

3,358,274 10 HDFC Short Term Opportunities Fund - Dir - Growth 50,000,000 - -

10,887,100 10 ICICI Prudential FMP - S 73 - 369 Days - Plan S - Dir - Growth 108,871,000 -


59

Notes to Financial Statements for the year ended March 31,2015Note 14 - Current Investment

No. of Units

Face Value


` March 31, 2014

` -

4,787,084 10 ICICI Prudential FMP - S 73 - 369 Days - Plan T - Dir - Growth 47,870,840 - -

4,170,762 10 ICICI Prudential FMP - S 73 - 378 Days - Plan N - Dir - Growth 41,707,620 - -

1,529,483 10 ICICI Prudential STP - Dir - Growth 43,851,048 - -

5,117,594 10 IDFC Fixed Term Plan - Series 88 - Dir - Growth 51,175,940 - -

2,148,081 10 IDFC Fixed Term Plan - Series 88 - Dir - Growth 21,480,810 - -

1,042,300 10 IDFC SSIF - Short Term - Dir -Growth 30,000,000 - -

2,034,081 10 Kotak FMP - Series 148 (388 Days) - Dir - Growth 20,340,810 - -

11,267,351 10 Kotak FMP - Series 155 (370 Days) - Dir - Growth 112,673,510 - -

3,000,000 10 L&T Resurgent India Corporate Bond Fund - Reg - Growth 30,000,000 - -

4,000,000 10 LIC Nomura MF FMP - Series 79 (373 Days) - Dir - Growth 40,000,000 - -

3,001,125 10 Reliance FHF 26 - Series 2 - Dir - Growth 30,011,247 - -




1,851,466 10 Reliance FRF - ST - Dir - Growth 40,000,000 - -

2,331,372 10 Reliance FRF - ST - Dir - Growth 50,000,000 - -

1,689,960 10 Reliance Short Term Fund - Dir - Growth 44,229,981 - -

1,541,806 10 Reliance Short Term Fund - Dir - Growth 40,000,000 - -

6,000,000 10 Reliance Yearly Interval Fund - Series 6 - Dir - Growth 60,000,000 - -



3,300,000 10 Religare Invesco FMP - Series XXIII - Plan H - Dir - Growth 33,000,000 - -

2,203,380 10 Religare Invesco FMP - Series XXIII - Plan H - Dir - Growth 22,033,800 - -

8,001,982 10 Religare Invesco FMP - Series XXIII - Plan L - Dir - Growth 80,019,821 - -

4,000,000 10 Religare Invesco FMP - Series XXIV - Plan F - Dir - Growth 40,000,000 - -

17,949 10 Religare Invesco Liquid Fund - Growth 34,313,611 - -

11,835 10 Religare Invesco Short Term Fund - Dir - Growth 22,389,266 - -

3,814,755 10 SBI Short Term Debt Fund - Dir - Growth 60,000,000 - -

1,873,688 10 SBI Short Term Debt Fund - Dir - Growth 30,000,000 - -

6,651,655 10 Sundaram FTP - Plan FM (368 Days) - Dir - Growth 66,516,554 - -

2,656,748 10 Tata Short Term Bond Fund - Dir - Growth 70,000,000 - -

7,000,000 10 UTI FTIF - Series XVIII - Plan 8 - Dir - Growth 70,000,000 - -

4,534,766 10 UTI Short Term Income Fund - Dir - Growth 76,141,893 - -

TOTAL (a) 2,166,823,791 2,813,326,001

Aggregate Cost of Quoted Investments 2,166,823,791 2,813,326,001

Aggregate Market Value of Quoted Investments 2,304,264,202 2,970,659,881


60

Notes to Financial Statements for the year ended March 31,2015Note 15 - Inventories (at lower of cost or net realisable value)

Particulars March 31,2015 `

March 31, 2014 `

Bar 6,764,706 6,494,715 Catering 766,169 837,476 Club Stores 7,317,008 7,235,591

TOTAL 14,847,883 14,567,782

Note 16 - Trade Receivable


March 31, 2014 `

UnsecuredA) Debts Outstanding for a period exceeding six months :

(a) Considered Good :i) Due from Members 6,158,894 5,800,781 ii) Due from Others 200,000 - iii) Due from Tenants 4,119,218 2,358,589

10,478,112 8,159,370 (b) Considered Doubtful :

i) Due from Members 23,586,799 20,761,283 ii) Due from Others 454,971 909,879 iii) Due from Tenants - 1,039,507 Less : Provision for Bad & Doubtful Debts 24,041,770 22,710,669

- - B) Other Debts :

(a) Considered Good :i) Due from Executive Committee Members 462,304 154,094 ii) Due from Members 54,192,126 56,381,564 iii) Due from Others 904,940 1,278,313 iv) Due from Tenants for Rent and Compensation 430,163 650,385

55,989,533 58,464,356 TOTAL 66,467,645 66,623,726

Note 17 - Cash and Cash Equivalents


March 31, 2014 `

a) Cash and Cash Equivalentsi) Cash on Hand 524,645 489,494 ii) Balance with Banks in Current Accounts 88,343,480 20,531,965

TOTAL 88,868,125 21,021,459

b) Other Bank BalancesBank Deposits with maturities less than 12 months 1,041,682 160,000,000

TOTAL 1,041,682 160,000,000

TOTAL 89,909,807 181,021,459


61


Note 18- Short Term Loan and Advances (Unsecured, considered good)


March 31, 2014 `

a) Advances recoverable in cash or in kind or for value to be received 2,826,442 12,472,008 b) Prepaid Expenses 3,620,544 3,359,131 c) Loans and Advances to Staff 1,629,367 1,154,466

TOTAL 8,076,353 16,985,605

Note 19 - Other Current Assets


March 31, 2014 `

a) Interest Accrued on Bank Deposit 50,706,574 35,320,006 b) Interest Accrued on Investment 70,189,245 31,331,987 c) Other Receivable * 4,210,951 3,327,911 d) Fixed Deposit 250,000,000 150,000,000

TOTAL 375,106,770 219,979,904 *Other receivables includes amount due as property tax which is under litigation / negotiation and the timing of the cashflow cannot be currently determined.

Note 20 - Chamber Revenue and Expenditure

Particulars Amount `

INCOME Chamber Revenue 43,024,589

40,657,764 Total Income - Current Year 43,024,589 Total Income - Previous Year 40,657,764

EXPENDITURE Salaries & Wages 8,261,450

10,410,935 Electricity Charges 9,224,930

6,667,169 Service Contract 204,166

968,875 Water Charges 610,727

529,410 Laundry Charges 213,172

216,939 Linen & Uniform 446,824

363,706 Repairs and Maintenance 114,049

113,889 CCI Chambers Co-op Hsg. Ltd. - Maintainence 367,921

2,095,412 Sundries - (Cleaning, Guest Supplies, Electrical & Printing & Stationery etc.) 2,106,065

1,988,636

Total Expenditure - Current Year 21,549,304 Total Expenditure - Previous Year 23,354,971

Net Surplus/(deficit)-Current Year 21,475,285 Net Surplus/(deficit)-Previous Year 17,302,793


62

Notes to Financial Statements for the year ended March 31,2015Note 21 - Catering

Particulars

Food & Beverage

(Excluding Liquor)

Bakery and Confectionery

Permit Room -All Rounder

Permit Room -Wet Wicket

Beer Outside Permit Room Total

` ` ` ` ` ÌNCOME Billings 45,069,137 8,409,211 4,336,470 40,601,070 1,893,788 100,309,676

41,402,546 6,752,510 3,651,905 41,580,129 2,175,657 95,562,747 Inter Departmental Transfers 4,222,143 21,965 - 533,658 22,660 4,800,426 (Cricket, Sports, Championships,Library and Health & FitnessCentre) 5,029,779 17,271 1,726 681,472 52,462 5,782,710 Income from Caterers 8,307,890 - - - - 8,307,890

8,817,642 8,817,642 Guest Fees 11,777,400 - - 3,991,950 - 15,769,350

12,957,894 3,680,850 16,638,744 Venue Charges 3,380,129 - - - - 3,380,129

4,275,784 4,275,784

Total Income - Current Year 72,756,699 8,431,176 4,336,470 45,126,678 1,916,448 132,567,470 Total Income - Previous Year 72,483,645 6,769,781 3,653,631 45,942,451 2,228,119 131,077,627

EXPENDITURE Consumption of Materials 51,155,686 3,367,472 2,942,212 26,810,330 1,774,595 86,050,295

45,210,950 3,314,448 2,449,413 27,063,123 2,201,403 80,239,337 Service Contract 694,378 65,822 66,523 280,567 - 1,107,290

597,133 72,634 59,471 183,789 - 913,027 Salaries & Wages 62,480,813 2,992,975 1,106,991 806,257 286,311 67,673,347

59,116,219 3,616,227 1,935,692 944,697 279,973 65,892,808 Electricity Charges 9,412,966 504,809 265,775 2,665,107 - 12,848,657

8,988,803 577,409 193,884 2,285,058 12,045,154 Gas and Fuel 4,099,497 - - - - 4,099,497

4,865,106 - - - 4,865,106 Water Charges 1,123,716 - - - - 1,123,716

969,876 - - 969,876 Licence and Nokarnama Fees 73,710 - 666,171 666,172 363,742 1,769,795

98,100 445,238 445,238 243,459 1,232,035 Laundry Expenses 990,935 4,966 12,354 62,637 - 1,070,892

1,040,764 6,584 17,123 59,348 - 1,123,819 Linen & Uniform 758,031 24,911 214,089 133,423 - 1,130,454

551,508 1,812 42,839 21,473 617,632 Crockery, Cutlery, Glassware, 2,160,062 - 28,312 90,142 - 2,278,516 Kitchen, Utensils etc.

1,476,681 855 5,138 37,080 1,519,754 Repairs and Maintenance 750,815 163,411 49,380 224,926 - 1,188,532

640,352 124,265 67,579 317,161 - 1,149,357 Musicians - payment - - - 1,586,100 - 1,586,100

- - - 1,429,000 1,429,000 Sundries - (Cleaning, Guest Supplies, Electrical & Printing & Stationery etc.)

5,431,381 438,620 54,288 326,018 45,292 6,295,599

4,752,926 338,605 25,716 245,685 43,820 5,406,752

Total Expenditure - Current Year 139,131,990 7,562,986 5,406,095 33,651,679 2,469,940 188,222,690 Total Expenditure - Previous Year 128,308,419 8,052,837 5,242,094 33,031,653 2,768,655 177,403,658

Net Surplus/(deficit)-Current Year (66,375,291) 868,190 (1,069,625) 11,474,999 (553,492) (55,655,220)Net Surplus/(deficit)-Previous Year (55,824,774) (1,283,056) (1,588,463) 12,910,798 (540,536) (46,326,031)


63

Notes to Financial Statements for the year ended March 31,2015Note 22 - Cricket

Particulars Cricket Cricket Tour to

Singapore

Cricket Tour to Australia IPL Total

` ` ` ` ÌNCOME Ground Charges - - - 3,000,000 3,000,000

1,200,000 - - 1,200,000 Income 4,931,304 177,083 1,037,006 6,095,106 12,240,499

247,407 - - - 247,407

Total Income - Current Year 4,931,304 177,083 1,037,006 9,095,106 15,240,499 Total Income - Previous Year 1,447,407 - - - 1,447,407

EXPENDITURE Tournament Expenses 447,990 - - - 447,990

201,968 - - 201,968 Salaries & Wages 3,130,656 - - - 3,130,656

3,360,695 - - 3,360,695 Flood Light Operational & Maintenance Charges 1,003,934 - - 991,672 1,995,606

1,226,877 - 1,226,877 Service Contract 486,587 - - - 486,587

463,352 - 463,352 Water Charges 443,641 - - - 443,641

384,572 384,572 Laundry Expenses 92,956 - - - 92,956

95,286 95,286 Linen & Uniform 19,457 - - - 19,457 13,042 13,042 Repairs and Maintenance 297,625 - - 3,051,685 3,349,310 457,033 - 457,033 Ground Restoration Work 816,550 - - - 816,550 1,016,750 - 1,016,750 Sport Requisites 257,576 - - - 257,576 775,276 - - 775,276 Red Earth, Manure and soil etc. 1,124,653 - - - 1,124,653 994,057 994,057 Scoring & Umpiring Charges 163,450 - - 20,000 183,450 239,230 239,230 Payment to Coaches 391,000 - - - 391,000 300,600 300,600 Inter Departmental Transfers (Catering and Chambers) 1,008,752 6,965 - 381,541 1,397,258 1,111,659 - 1,111,659 Refreshment 26,006 - - 1,179,360 1,205,366 149,227 - - 149,227 Sundries - (Cleaning, Guest Supplies, Electrical & - Printing & Stationery etc.) 1,662,157 1,261,667 2,955,950 4,059,316 9,939,090

1,325,415 - - - 1,325,415

Total Expenditure - Current Year 11,372,990 1,268,632 2,955,950 9,683,574 25,281,146 Total Expenditure - Previous Year 12,115,039 - - - 12,115,039

Net Surplus/(deficit)-Current Year (6,441,686) (1,091,549) (1,918,944) (588,468) (10,040,648)Net Surplus/(deficit)-Previous Year (10,667,633) - - - (10,667,633)


64

Notes to Financial Statements for the year ended March 31,2015Note 23 - Other Sports

ParticularsBadminton Billiards Squash Swimming Tennis Table Tennis Cards Roller

Skating Outdoor Revitaliser

Programme

Gymnastic Fitness

Programme

Foot Ball Basket Ball Throwball Yoga Total

` ` ` ` ` ` ` ` ` ` ` ` ` ` `

INCOME Billing - Game Fees 1,268,705 177,309 203,369 600,125 405,263 62,955 720,003 - - - 94,025 92,550 - 90 3,624,394

1,010,497 71,727 110,667 705,724 314,230 65,816 625,392 24,700 33,425 - 2,962,178 Billing - Sale of Sport Accessories - - - - 55,462 - 354,402 - - - - - 5,700 - 415,564

62,110 361,084 423,194 Hire of Courts 75,000 - - - - - - - - - - - - - 75,000

50,000 60,000 110,000 Coaching Fees 2,349,500 - 1,603,600 2,155,546 4,277,517 235,167 56,700 47,000 484,160 682,250 690,625 166,997 - 527,800 13,276,862

1,973,000 2,413,000 2,025,951 2,203,404 225,838 9,000 41,900 381,421 217,000 612,250 20,100 - 480,751 10,603,615 Tournament Fees 77,908 14,250 - - 10,540 - - - - - - - - - 102,698

69,500 35,500 30,450 135,450 Yoga Fees for Bihar School Camp - - - - - - - - - - - - - 36,416 36,416

- - - 82,100 82,100 Tata Padukone Academy Fees 661,000 - - - - - - - - - - - - - 661,000

653,432 653,432

Total Income - Current Year 4,432,113 191,559 1,806,969 2,755,671 4,748,782 298,122 1,131,105 47,000 484,160 682,250 784,650 259,547 5,700 564,306 18,191,934 Total Income - Previous Year 3,756,429 71,727 2,583,667 2,767,175 2,579,744 322,104 995,476 41,900 381,421 217,000 636,950 53,525 - 562,851 14,969,969

EXPENDITURE Salaries & Wages 1,554,146 1,425,523 1,468,693 1,280,071 1,720,485 589,615 1,157,643 - - - 275,472 264,284 - 138,826 9,874,758

1,509,479 1,272,747 1,608,517 1,313,008 2,008,953 147,425 1,188,614 234,206 - 97,998 9,380,947 Electricity Charges 2,007,675 1,064,404 1,147,153 1,998,221 716,861 86,797 1,097,633 - - - - - - 10,937 8,129,681

1,736,998 1,092,290 416,916 1,916,622 790,279 72,916 1,017,343 10,000 7,053,364 Service Contract 46,067 53,803 151,759 492,767 16,855 20,000 97,552 - - - 12,000 - - 5,100 895,903

143,947 57,104 47,659 475,093 42,386 24,000 113,290 350 22,900 926,729 Water Charges 57,616 - 57,616 537,018 115,231 - - - - - - - - - 767,481

49,944 49,944 439,511 99,888 639,287 Laundry Expenses 54,037 5,874 40,564 209,653 34,226 5,097 5,933 - - - - - - 64,741 420,125

54,636 8,010 44,848 215,211 32,727 6,201 6,594 56,347 424,574 Linen & Uniform 39,110 28,771 48,202 176,906 33,368 2,250 17,016 - - - - - - 2,404 348,027

30,521 5,386 18,435 100,761 27,513 2,185 31,279 - 216,080 Sports Accessories 2,002,217 28,352 84,719 6,568 525,259 61,404 479,976 - - 73,363 58,410 3,161 5,868 16,650 3,345,948

1,516,240 199,020 63,084 5,500 542,129 27,554 469,374 16,800 7,437 11,705 - 2,858,843 Tournament Expenses 521,647 80,911 670,618 40,340 223,798 106,572 - - - - 128,805 - 33,298 - 1,805,989

227,161 42,290 86,745 112,084 17,238 60,601 119,400 20,625 686,144 Ground Restoration Work - - - - - - - - - - - - - - -

- - - - - - - - - - 90,650 - - - 90,650 Red Earth, Manure and Soil - - - - - - - - - - 41,279 - - - 41,279

- - - - - - - - - - 630,165 - - - 630,165 Repairs and Maintenance 250,128 115,778 246,338 117,291 658,166 44,952 120,591 - - - 16,396 4,348 6,650 250,676 1,831,314

167,951 257,578 223,470 301,251 271,900 37,889 81,733 365,707 49,154 - 15,532 1,772,165 Inter Departmental Transfer (Catering and Chambers)

277,690 192,381 151,779 1,200 62,263 10,830 31,936 - - - 24,385 - 7,480 10,000 769,944

305,230 81,525 6,720 89,152 24,466 49,212 11,472 2,075 93 569,945 Refreshment - 950 - - 7,500 - - - - - 920 - - - 9,370

20,370 9,000 - 29,370 Coaching Expenses 1,289,250 - 861,220 1,556,760 3,524,080 204,800 - 24,000 431,600 560,200 696,250 120,018 - 543,850 9,812,028

984,750 1,088,500 1,661,400 1,634,266 147,200 24,000 396,000 173,600 570,625 14,070 - 545,384 7,239,795 Yoga Expenses for Bihar School Camp

- - - - - - - - - - - - - 113,012 113,012

- 240,457 240,457 Tata Padukone Academy Expenses 47,995 - - - - - - - - - - - - - 47,995

43,179 43,179 Sundries - (Cleaning, Guest Supplies, Electrical & Printing & Stationery etc.)

231,264 72,035 270,903 553,493 229,187 111,585 37,909 - - 7,800 49,663 1,110 2,498 25,840 1,593,287

153,549 206,853 133,532 630,443 307,303 39,118 40,314 5,850 660 2,965 - 16,077 1,536,664

Total Expenditure - Current Year 8,378,842 3,068,782 5,199,564 6,970,288 7,867,279 1,243,902 3,046,189 24,000 431,600 641,363 1,303,580 392,921 55,794 1,182,036 39,806,140 Total Expenditure - Previous Year 6,943,955 3,231,803 3,788,370 7,260,036 5,799,048 614,301 2,960,013 24,000 396,000 196,250 1,787,069 312,100 - 1,025,413 34,338,358

- Net Surplus/(deficit)-Current Year (3,946,729) (2,877,222) (3,392,595) (4,214,617) (3,118,497) (945,780) (1,915,084) 23,000 52,560 40,887 (518,930) (133,374) (50,094) (617,730) (21,614,205)Net Surplus/(deficit)-Previous Year (3,187,526) (3,160,076) (1,204,703) (4,492,860) (3,219,304) (292,197) (1,964,537) 17,900 (14,580) 20,750 (1,150,120) (258,575) - (462,562) (19,368,389)


65


Note 24 - CCI Open Championships

Particulars

CCI Classic Billiard Snooker

Tournament

CCI Spirit

Tritholon

CCI Annual

Swimming Gala

CCI Annual Rummy

Tournament

CCI Western India Squash Tournament

Tata Open All India

Senior Ranking

Badminton Tournament

Greater Mumbai District

Badminton Tournament

CCI ITF Tennis

Tournament

CCI PSA Squash

Challenger

Ramesh Desai National Tennis

Championship

Ram Batra Memorial

Tennis Tournament

Total

` ` ` ` ` ` ` ` ` ` ` `

INCOME

Entry Fees received - 83,400 41,300 - 216,800 - - 182,890 - - 10,000 534,390

from Members

- 20,000 37,900 - 91,200 - - 481,898 - 334,600 2,000 967,598

Sponsorship received - - - - - - - - - - - -

- - - - 21,048 - 178,000 - - - - 199,048

Sale of Used Balls - - - - - - - - - - -

- - - - - - - - 8,331 - 8,331

Total Income - Current Year - 83,400 41,300 - 216,800 - - 182,890 - - 10,000 534,390

Total Income - Previous Year - 20,000 37,900 - 112,248 - 178,000 481,898 - 342,931 2,000 1,174,977

EXPENDITURE

Inter Departmental 590,895 2,363 35,085 97,570 166,785 485,662 136,485 40,048 57,765 - 18,226 1,630,884

Transfers (Catering and Chambers)

- - 35,528 158,964 66,094 747,122 101,568 109,749 - 16,914 22,763 1,258,702

Refreshment 700 24,287 - - 30,380 95,520 9,800 - 1,820 - 7,000 169,507

- - - - - 86,975 9,000 2,000 - 1,800 - 99,775

Prize Money 590,000 - - 59,000 717,500 - 158,500 1,636,873 1,285,279 - - 4,447,152

- - - 59,000 694,500 - 149,700 884,178 803,857 - - 2,591,235

Other Expenses 533,368 580,853 165,970 13,666 553,492 230,420 107,965 502,252 880,227 - - 3,568,213

- 15,100 159,212 11,000 228,143 205,306 162,630 1,609,256 479,542 926,646 - 3,796,835

Total Expenditure - Current Year 1,714,963 607,503 201,055 170,236 1,468,157 811,602 412,750 2,179,173 2,225,091 - 25,226 9,815,756

Total Expenditure - Previous Year - 15,100 194,740 228,964 988,737 1,039,403 422,898 2,605,183 1,283,399 945,360 22,763 7,746,547

-

Net Surplus/(deficit)-Current Year (1,714,963) (524,103) (159,755) (170,236) (1,251,357) (811,602) (412,750) (1,996,283) (2,225,091) - (15,226) (9,281,366)

Net Surplus/(deficit)-Previous Year - 4,900 (156,840) (228,964) (876,489) (1,039,403) (244,898) (2,123,285) (1,283,399) (602,429) (20,763) (6,571,570)


66


Note 25 - Other Operating Income and Expenditure

Other Operating Income March 31, 2015 `

March 31, 2014 `

a) Library (Refer Note 25.1 below) 742,074 816,525

b) Health and Fitness Centre (Refer Note 25.2 below) 6,363,926 6,508,038

c) Miscellaneous Income (Refer Note 25.3 below) 2,183,923 1,626,408

d) Rent Income (Refer Note 25.4 below) 32,713,810 6,891,886

e) Guest Fees 2,944,350 3,239,473

f) Income from Shop and Others 7,269,895 6,439,892

g) Provision for bad and Doubtful Debts Written Back - 6,793,339

-

Total 52,217,978 32,315,561

Other Operating And General Expenses As at

March 31, 2015 `


`

a) Library (Refer Note 25.1 below) 2,294,414 2,524,307

b) Health and Fitness Centre (Refer Note 25.2 below) 16,086,504 12,768,373

c) Miscellaneous Expenditure (Refer Note 25.5 below) 45,611,108 45,408,260

d) Club House Expenditure 31,690,591 27,205,514

e) Stadium House Expenditure 13,425,917 13,864,510

f) Ground Rent 69,943 68,987

Rates, Taxes and Duties 9,301,139 12,125,323

9,371,082 12,194,310

Less : Allocated to Departments 7,514,967 6,532,007

1,856,115 5,662,303

g) Electricity, Lighting and Power 51,612,933 48,349,169


- -

h) Laundry Expenses 2,690,675 2,750,352


- -

i) Statutory Auditor Remuneration (Refer Note 25.6 below) 900,000 750,000

j) Major Repair/Renovation 8,750,102 2,424,272

k) Professional Tax 2,000 2,000

l) Internal Auditor Fees 748,800 748,800

m) Provision for bad and Doubtful Debts

553,069 -

Total 121,918,620 111,358,339


67

Notes to Financial Statements for the year ended March 31,2015Note 25.1 - Library


INCOME Billing - Library Charges 742,074

816,525

Total Income - Current Year 742,074 Total Income - Previous Year 816,525


1,902,901 Electricity Charges 505,926

405,965 Service Contract 20,716



4,869 Linen & Uniform 14,712


8,105 Inter Departmental Transfer (Catering and Chambers) 5,280

18,608 Sundries - (Cleaning, Guest Supplies, Electrical & Printing & Stationery etc.) 49,322

86,694


Net Surplus/(deficit)-Current Year (1,552,340) Net Surplus/(deficit)-Previous Year (1,707,782)


68

Notes to Financial Statements for the year ended March 31,2015Note 25.2 - Health and Fitness Centre


INCOME Daily Charges 1,728,950

547,450 Coaching Fees -

- Membership Fees 4,634,976 5,960,588

Total Income - Current Year 6,363,926 Total Income - Previous Year 6,508,038


3,655,434 Electricity Charges 7,043,607

4,712,123 Service Contract 276,144



564,490 Linen & Uniform 719,828

432,617 Inter Departmental Transfers (Catering and Chambers) -

10,490 Coaching Expenses 153,765


396,259 Depreciation 1,741,395

1,196,142 Sundries - (Cleaning, Guest Supplies, Electrical & Printing & Stationery etc.) 764,094

973,069


Net Surplus/(deficit)-Current Year (9,722,578) Net Surplus/(deficit)-Previous Year (6,260,335)


69


Note 25.3 - Miscellaneous Income


Hire of Lockers 624,192 162,947

Hire of Micro - Amplifier 84,475 119,536 Sale of Fixed Assets -

6,958 Hire of Garages 137,932

122,383 Telephones 83,354

105,900 Sale of Scrap 1,172,092

1,015,315 Sale of Bath Towels 33,859

38,806 Charges for Membership Application Form 46,500

53,300 Income from foreign Exchange Fluctuation -

63 Sundry Receipt 1,520

1,200


Note 25.4 - Rent Income


Offices & Shops - North Stand 243,084 723,900

Offices & Shops - Stadium House 29,448,782 3,146,042 Lease Hold Plots 3,020,144

3,020,144 Licenced Plots (for Petrol Service Station) 1,800

1,800



70

Notes to Financial Statements for the year ended March 31,2015Note 25.5 - Miscellaneous Expenditure


Telephone / Fax 1,604,867 1,198,892

Postage 1,823,272 1,783,995 Printing and Stationery 4,647,507

2,452,753 Insurance 410,832

430,368 Conveyance / Vehicle Expenses 2,202,833

1,795,881 Advocates & Professional Fees 12,414,424

15,746,757 Garden Upkeep 2,393,823

1,896,354 General Expenses 4,912,561

3,665,699 Members Entertainment Programmes (Net) 5,222,989

14,465,187 Compensation towards vacating premises (Cruzo Studio) in Stadium House 7,400,000

- Computer Software Development and Maintenance Expenses 2,578,000

1,972,375


Note 25.6 - Statutory Auditor RemunerationParticulars March 31, 2015

` March 31, 2014

` Audit fees 900,000 750,000

TOTAL 900,000 750,000

Note 26 - Employee Benefit Expenses


March 31, 2014 `

a) Salaries and Wages 149,413,230 142,772,058 Less : Allocated to Departments 94,666,561 94,603,720

54,746,669 48,168,338 b) Staff EX-Gratia 8,703,355 7,721,885

c) Contribution to P.F. and Leave Encashment 3,530,529 (1,900,882)

d) Staff Welfare Expenses 970,615 1,397,825

e) Gratuity and Superannuation 6,231,827 3,003,138

f) Staff Medical Expenses 3,725,793 3,131,737

g) Staff Food 2,198,994 1,122,659

TOTAL 80,107,782 62,644,701


71

Notes to Financial Statements for the year ended March 31,2015Note 27 - Employee Benefits

Particulars March 31, 2015

Gratuity March 31, 2014

Gratuity March 31, 2015

Compensated Absences

March 31, 2014 Compensated

Absences` ` ` `

Assumptions :Discount Rate 8.00% 8.70% 8.00% 8.70%Rate of increase in Compensation levels 4% 4% 4% 4%

Change in Benefit ObligationBenefit Obligation (PBO) at the beginning of the year 32,071,472 29,754,000 11,961,994 15,287,000 Interest Cost 3,001,890 2,380,320 1,119,643 1,222,960 Service Cost 1,276,309 1,326,379 2,611,765 2,922,395 Benefits Paid (4,952,331) (2,374,249) (2,791,376) (1,917,850)Actuarial (gain) loss on obligations 3,681,335 985,022 188,343 (5,552,511)PBO at the end of the year 35,078,675 32,071,472 13,090,369 11,961,994

Fair Value of Plan AssetsFair Value of Plan Assets at the beginning of the year 19,752,824 19,083,516 5,644,799 6,596,489 Expected Return on Plan Assets 1,718,496 1,660,266 491,098 573,895 Contributions/Transfers 1,846,419 1,354,974 477,058 472,434 Benefits Paid (4,952,331) (2,374,249) - (1,917,850)Gain / (loss) on Plan Assets 9,211 28,317 (101,876) (80,169)Fair Value of Plan Assets at the end of the year 18,374,619 19,752,824 6,511,079 5,644,799

Change in Plan AssetsFair Value of Plan Assets at the beginning of the year 19,752,824 19,083,516 5,644,799 6,596,489 Actual Return on Plan Assets 1,727,707 1,688,583 491,098 493,726 Contributions/Transfers 1,846,419 1,354,974 477,058 472,434 Benefits Paid (4,952,331) (2,374,249) (2,791,376) (1,917,850)Fair Value of Plan Assets at the end of the year 18,374,619 19,752,824 3,821,579 5,644,799 Excess of actual over expected return on Plan Assets 9,211 28,317 - (80,169)

Funded StatusActuarial Gain/Loss Recognised (12,318,648) (10,670,484) 9,370,666 (6,317,195)Actuarial Gain/(loss) for the year - Obligation (3,681,335) (985,022) 188,343 5,552,511 Actuarial Gain/(loss) for the year - Plan Assets 9,211 28,317 101,876 (80,169)Sub-Total (3,672,124) (956,705) 290,219 5,472,342 Acuarial Loss Recognised 3,672,124 956,705 (290,219) (5,472,342)Unrecognised actuarial gains (losses) at end of the year - - - -

Amount recognised in Balance Sheet and IncomeStatementPresent Value of Obligation 35,078,675 32,071,472 3,719,703 11,961,994 Fair Value of Plan Assets (18,374,619) (19,752,824) (13,090,369) (5,644,799)Difference 16,704,056 12,318,648 (9,370,666) 6,317,195 Unrecognised actuarial gains (losses) - - - - Unrecognised Transitional Liability - - - - Liability Recongnised in Balance Sheet 16,704,056 12,318,648 (9,370,666) 6,317,195

Net Periodic CostCurrent Service Cost 1,276,309 1,326,379 2,611,765 2,922,395 Interest Cost 3,001,890 2,380,320 1,119,643 1,222,960 Expected Return on Plan Assets (1,718,496) (1,660,266) (491,098) (573,895)Net Actuarial (gain) loss recognised in the year 3,672,124 956,705 290,219 (5,472,342)Expenses recognised in the Income Statement 6,231,827 3,003,138 3,530,529 (1,900,882)

Movement in the liablity recongised in the Balance SheetOpening Net Liability 12,318,648 10,670,484 6,317,195 8,690,511 Expenses as above 6,231,827 3,003,138 3,530,529 (1,900,882)Contributions/Transfers (1,846,419) (1,354,974) (477,058) (472,434)Closing Net Liability 16,704,056 12,318,648 9,370,666 6,317,195


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Notes to Financial Statements for the year ended March 31,2015Note - 28 Contingent Liabilities not provided for :Particulars March 31, 2015

` March 31, 2014

à) Income Tax 40,457,607 40,457,607

Income Tax Paid under Protest Rs. NIL (P.Y Rs. NIL)b) Service Tax 312,569,107 181,389,949

Service Tax Paid under Protest Rs. NIL (P.Y Rs. NIL)c) Luxury Tax 953,868 953,868

Luxury Tax Paid under Protest Rs. NIL (P.Y NIL)d) Property Tax 7,916,623 7,916,623

Property Tax Paid under Protest Rs. NIL (P.Y 14,82,022/-)e) Central Excise 781,077 -

Central Excise Paid under Protest Rs. NIL (P.Y NIL)Note - 29 Related Party DisclosuresThere are no related parties as defined under Accounting Standard - 18 ‘Related Party Disclosures’ issued by theInstitute of Chartered Accountants of India.The information is as compiled by the management and relied upon by the auditors.

Note - 30 Capital and other commitments

Particulars March 31, 2015 March 31, 2014 ` `

Estimated amount of contracts remaining to be executed on capital accountand not provided for 4,388,757 7,176,732

Note - 31

The oustanding balances as at March 31, 2015 in respect of the Trade Receivables, Deposits and few Trade Payables are subject to confirmation from the respective parties and consequential reconciliation / adjustments arising there from, if any. The management, however, does not expect any material variation.

Note - 32

In the opinion of the Management, all current assets, loans & advances and other receivables are approximately of the value stated, if realised in the ordinary course of business.

Note - 33

Effective April 1, 2014, the Company has revised the estimated useful life of certain items of fixed assets in accordance with the useful life specified in Part C of Schedule II to the Companies Act, 2013 or as re-assessed by the Company. As per the said Schedule, where the fixed assets have completed their useful lives, the carrying value(net of residual value) as at April 1, 2014 of Rs. 7,54,43,370/- has been debited to Reserve and Surplus and in case of other fixed assets the carrying value( net of residual value) as at April 1, 2014 is being depreciated/amortized over the remaining useful life.As a result, of the above change, depreciation/amortization expense for the year is higher by Rs. 3,29,21,408/-, had the Company continued with the previously assessed useful lives of such assets.

Note - 34The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current year’s classification.


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NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2015NOTE 1 TO 34

For and on Behalf of The Executive Committee

Mr. Kekoo S. Nicholson (President) Mr. Sanju S. Kothari Mr. Premal H. Udani ( Hon. Treasurer) Mr. Manan K. Mashruwala

Mr. Sureshkumar S. Bafna (Jt. Hon. Treasurer) Mr. Darayus A. Mehta

Mr. Sewakpal A. Bedi Mr. Naval F. Pandole

Mr. Nitin G. Dossa Mr. Sevanti J. Parekh

Mr. Rajan R. Hiranandani Mr. Niraj N. Rungta

Mr. Rakesh B. Kapoor

N. K. Jha (Secretary)

As per our report of even date annexed For Khandelwal Jain & Co. Chartered Accountants Firm Registration No. 105049W

Chirag Doshi Partner Membership No. 119079

Place : Mumbai Date : August 7, 2015


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Notes

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Mr. Kekoo S. Nicholson (President)

Mr. Kapill K. Malhotra (Vice President)

Cmde. N. K. Jha ( Secretary)

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