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Technology absorption, adaptation and innovation<br />
1. Efforts, in brief, made towards technology absorption, adaptation and innovation<br />
We at SPICE, are well aware of latest technology being available in our fi eld of operation. Necessary training is imparted to the<br />
relevant people from time to time to make them well acquainted with the latest technology.<br />
2. Benefi ts derived as a results of the above efforts e.g. product improvement, cost reduction, product development,<br />
import substitution, etc.<br />
We are able to provide latest products available in the market and maintain higher standard of quality.<br />
3. In case of imported technology (imported during the last fi ve years reckoned from the beginning of the fi nancial year),<br />
the following information may be furnished:<br />
a) Technology imported : N. A.<br />
b) Year of Import : N. A.<br />
c) Has technology been fully absorbed : N. A.<br />
d) If not fully absorbed, areas where this has<br />
taken place, reasons therefore and future<br />
plan of action<br />
: N. A.<br />
(C) Foreign Exchange Earnings and Outgo<br />
The Company used Foreign Exchange amounting to Rs. 83,847.64 Lacs and earned Foreign Exchange of Rs. 622.64 Lacs<br />
during the year under review.<br />
ANNEXURE–C<br />
PARTICULARS OF EMPLOYEES, AS PER SECTION 217 (2A) OF THE COMPANIES ACT, 1956 READ WITH<br />
COMPANIES (PARTICULARS OF EMPLOYEES) RULES,1975 AND FORMING PART OF THE<br />
DIRECTORS’ REPORT FOR THE YEAR ENDED 31ST MARCH 2010<br />
Name Gross Remuneration<br />
(in Rs.)<br />
Mr. Kunal Ahooja 23,515,992# Chief Executive<br />
Offi cer<br />
Designation Qualifi cation Age Total<br />
Experience<br />
B.A. (Hons.)<br />
Economics<br />
Date of<br />
Joining<br />
Last Employment<br />
Held<br />
50 25 Years 09.01.2005 Samsung India Ltd.<br />
Mr. Kamal Sharma 2,791,271 General Manager B.Tech 45 22 Years 13.05.2005 Samsung India Ltd.<br />
Ms. Payal Gaba 2,894,410 General Manager MBA 32 9 Years 01.06.2005 Samsung India Ltd.<br />
Mr. Anuj Nangia 2,917,672 General Manager MBA 32 9 Years 16.01.2009 Samsung India Ltd.<br />
Mr. Shalabh<br />
1,857,319 General Manager MBA 37 13 Years 03.09.2008 Reliance<br />
Sharma*<br />
Communication Ltd.<br />
Mr. Nitin Jagtap* 1,075,425 General Manager Diploma in 44 19 Years 09.11.2009 ACME Telepower<br />
E&C+PGDBA<br />
Ltd.<br />
Late Ms. Renu 1,132,143 Company Company 38 15 years 01.07.2006 Bougainvillea<br />
Gupta*<br />
Notes:<br />
Secretary Secretary<br />
Multiplex &<br />
Entertainment Centre<br />
Pvt. Ltd.<br />
i) Remuneration includes salary, incentives, expenditure incurred in connection with residential accommodation, house rent<br />
allowance, ex-gratia, reimbursement of medical expenses, Company's contribution towards provident fund etc. but does not<br />
include contribution made for gratuity and provision made for leave encashment.<br />
ii) The nature of employment is contractual in all the above cases. Other terms and conditions are as per Company’s rules.<br />
iii) Above employees are not related to any Director of the Company.<br />
iv) None of the employees holds 2% or more of the paid up equity share capital of the Company.<br />
v) The employees marked * are employed for a part of the year. Remaining employees were employed through out the period from<br />
April 2009 to March 2010.<br />
vi) # Salary include arrears of last year.<br />
11<br />
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