Financial Statements - The United Basalt Products Ltd

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Corporate Social Responsibility (CSR) is a concept that is very much evolving and for which there is no universally agreed definition of what it should involve. It is generally accepted that it is the way in which companies integrate social, environmental and economic concerns into their values, decision-making processes and activities in a responsible and transparent manner, and it is therefore a way of implementing best practices, increasing prosperity and improving society. The main fields concerned by the UBP Group’s CSR strategy are education, sports, culture and environment. In the educational field, UBP is involved with the ZEP project initiated by the Ministry of Education in 2003. This project is a clear example of the desire of the private sector and the government to improve and assist in the development of children living in less-favoured regions. We have been involved in this project since its beginning, supporting the Andre Bazerque Government School in Rose Hill for pedagogical projects and to improve pupils’ well-being. The Company also delegates a representative to contribute to the effective management of the school. Projects achieved are as follows: • A Liaison Officer was employed to provide a link between parents and children • Various educational projects were introduced to assist in areas such as reading and writing • Educational outings were organised • A Science Room and a Library were created • Psychological support was given to pupils outside school hours • The school environment was improved. We are also very active in the regions surrounding our main production and sales sites to help the inhabitants through various educational, social and sports projects. We also contributed to the Fondation Joseph Lagesse which gives assistance to selected existing charities working in the areas of education, health and human rights. Besides the above, UBP also offers seven scholarships annually to children of employees to support them from CPE to HSC level. Our subsidiary company, Marbella Espace Maison Ltée, has also set up its own CSR programme. Wishing to play an active role in the Mauritian society, the company contributes to regional and national development in sectors such as education, quality of life, promotion of culture and environment protection. 24 THE UNITED BASALT PRODUCTS LTD | ANNUAL REPORT 2009 Social Responsibility At regional level, it carried out the following projects in 2008/2009: • The refurbishment of the Paille en Queue nursery school in Market Avenue, Tamarin • The restoration of the grounds of the Etoile nursery school in Black River • The support of an educational project set up by the Pointe Tamarin association. At national level, Espace Maison has taken part in promoting awareness and protecting endemic plants in association with the Mauritian Wildlife Foundation. The Group has always been involved in sports for reasons of shared values. This year, we supported Stephan Buckland, the football training centre for the northern region and tennis, ‘petanque’, volleyball and basketball tournaments. Our financial support also caters for arts & culture through help to artists and sponsorship of events. The Group is also concerned by the protection of the environment and has this year launched a concrete recycling project aiming at reducing the level of demolition waste dumping. Lokotrack Last, but not least, we have been delighted to contribute to the making of a new television programme produced by the MCCI, named 100% Challenge, which promotes local enterprises and provides awareness of developments in the country. Following the introduction of the new law requiring a statutory 2% levy on company profits for the setting up of a CSR fund, the UBP Group is committed to intensify its support to corporate social activities.
Disclosures (Pursuant to Section 221 of the Companies Act 2001) Activities The principal activity of the Group remains the manufacture and sale of building materials which consist mainly of our core products: aggregates, rocksand and hollow concrete blocks. Other products include precast concrete slabs, various concrete building components including paving-blocks and roof tiles, imported floor and wall tiles, sanitary ware and a complete range of home building products, fittings and tools. Services rendered consist mainly of engineering works by the Company’s workshop and contracting services. The Group is also involved in the sale of agricultural products through one of its subsidiaries. Directors Members of the Board of Directors at June 30, 2009 were: The Company Messrs: Thierry Lagesse - Chairman François Boullé Marc Freismuth Jean Michel Giraud Joël Harel J. Cyril Lagesse - alternate : Arnaud Lagesse Raymond Lagesse Jean Claude Maingard E. Jean Mamet Jacques de Navacelle - Appointed on December 17, 2008 in replacement Mr Jean Giraud. Subsidiary Companies Marbella Espace Maison Ltée Messrs: Jean Michel Giraud - Chairman François Boullé Marc Freismuth Joël Harel J. Cyril Lagesse Raymond Lagesse Thierry Lagesse Jean Claude Maingard E. Jean Mamet Jacques de Navacelle - Appointed on December 17, 2008 in replacement Mr Jean Giraud. Compagnie de Gros Cailloux Ltée Messrs: Thierry Lagesse - Chairman François Boullé Jean Michel Giraud Christophe Quevauvilliers - Appointed on July 1, 2008 in replacement Mr Jacques Brousse de Laborde. Joseph Vaudin Welcome Industries Ltd Messrs: Thierry Lagesse - Chairman Jean Michel Giraud Christophe Quevauvilliers - Appointed on July 1, 2008 in replacement Mr Jacques Brousse de Laborde. UBP International Ltd Messrs: Thierry Lagesse - Chairman Jean Michel Giraud Louis Raoul Harel UBP Madagascar Mr : Gino Guness - Manager United Granite Products (Pvt.) Ltd Messrs: Jean Michel Giraud - Chairman Joseph Albert Rémi de Gersigny - Appointed on May 25, 2009. A. Mahir Didi Hussain Saad Hasim Eddy Mancienne Christophe Quevauvilliers - Appointed on May 25, 2009. Mr Jacques Brousse de Laborde resigned as Director with effect as from July 1, 2008. Sainte Marie Crushing Plant Ltd Messrs: Thierry Lagesse - Chairman Jean Michel Giraud Richard Koenig Raymond Lagesse Marbella Ltd Messrs: Jean Michel Giraud - Chairman François Boullé Joël Harel Land Reclamation Ltd Messrs: Jean Michel Giraud - Chairman François Boullé Jean Giraud Joël Harel Stone & Bricks Co. Ltd Messrs: Jean Michel Giraud - Chairman Jean Giraud Joël Harel The Stone Masters Co. Ltd Messrs: Jean Michel Giraud - Chairman Jean Giraud Joël Harel Pricom Ltd Messrs: Thierry Lagesse - Chairman Jean Michel Giraud Joël Harel Director’s Remuneration Total remuneration and benefits received by the Directors from the Company and its subsidiary companies were as follows: 2009 2008 Executive Non-Executive Executive Non-Executive Rs’000 Rs’000 Rs’000 Rs’000 The Company Subsidiary Companies : 8,950 1,576 6,894 1,134 Marbella Espace Maison Ltée - - - - Compagnie de Gros Cailloux Ltée - - - - Welcome Industries Ltd - - - - UBP International Ltd - - - - UBP Madagascar - - - - United Granite Products (Pvt.) Ltd - - - - Sainte Marie Crushing Plant Ltd - 120 - 120 Marbella Ltd - - - - Land Reclamation Ltd - - - - Stone & Bricks Co. Ltd - - - - The Stone Masters Co. Ltd - - - - Pricom Ltd - - - - 26 THE UNITED BASALT PRODUCTS LTD | ANNUAL REPORT 2009 THE UNITED BASALT PRODUCTS LTD | ANNUAL REPORT 2009 27
Page 1 and 2: Head Office: Trianon, Quatre-Bornes
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Page 17 and 18: June 30, 2009 I certify that, to th
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Financial Statements - The United Basalt Products Ltd

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