TARA JEWELS LIMITED CIN: L52393MH2001PLC131252 Regd. Office: Plot No. 122, 15th Road, Near IDBI Bank, M.I.D.C, Andheri (E), Mumbai – 400 093 ATTENDANCE SLIP (14th Annual General Meeting of the Company, to be held on Tuesday, September 29, 2015 at 03.00 p.m. at Tribune-I, 6th Floor, Hotel Tunga International, Central Road, M.I.D.C, Andheri (East), Mumbai- 400093) Full Name of the Member (in BLOCK LETTERS) Regd. Folio No. .............................................................................................................DP ID No............................................................................................................................................................ Client ID No. ...................................................................................................................No. of Share(s) held ....................................................................................................................................... Full Name of the Proxy (in BLOCK LETTERS) .................................................................................................................................................................................................................................... Member’s/Proxy’s Signature .................................................................................................................................................................................................................................................................. ELECTRONIC VOTING PARTICULARS EVEN(E VOTING EVENT NUMBER) USER ID PASSWORD Note: Please fill up this attendance slip and hand it over at the entrance of the meeting hall. Members are requested to bring their copy of the Annual Report to the meeting. FORM NO.MGT-11 PROXY FORM TARA JEWELS LIMITED CIN: L52393MH2001PLC131252 Regd. Office : Plot No. 122, 15th Road, Near IDBI Bank, M.I.D.C, Andheri (E), Mumbai – 400 093 [Pursuant to the provisions of Section 105(6) of the Companies Act, 2013 and Rule 19(3) of the Companies (Management and Administration) Rules, 2014] Name of the Member(s) E-mail Id: Folio No./*Client ID Registered Address *DP ID I/We, being the holder/s of _______________________________________ equity shares of Tara Jewels Limited, hereby appoint: 1) ___________________________________ of _________________ having e-mail id ________________________________ or failing him 2) ___________________________________ of _________________ having e-mail id ________________________________ or failing him 3) ___________________________________ of _________________ having e-mail id ________________________________ and whose signature(s) are appended below as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 14th Annual General Meeting of the Company, to be held on Tuesday, September 29, 2015 at 03.00 p.m. at Tribune-I, 6th Floor, Hotel Tunga International, Central Road, M.I.D.C, Andheri (East), Mumbai- 400093 and at any adjournment thereof in respect of such resolutions as are indicated below: **I wish my above Proxy to vote in the manner as indicated in the box below: Particulars For Against 1. Consider and adopt Standalone and Consolidated Audited Financial Statements, Report of Board of Directors and Auditors 2. Appointment of Mr. Rajeev Sheth (DIN : 00266460) as a Director, liable to retire by rotation 3. Ratification of appointment of M/s. C.B. Chhajed & Co., Chartered Accountants, Mumbai, (Firm Registration No. 101796 W) as the Statutory Auditors to hold office till the conclusion of the Annual General Meeting to be held for financial year 2016-2017 4. Appointment of Mr. Ravindran M.P.(DIN:07188069) as a Director, liable to retire by rotation 5. Approval of appointment of Mr. Ravindran M.P (DIN: 07188069) as a Whole-Time Director of the Company 6. Approval of payment of Commission to the Non-Executive Directors 7. Re-appointment of Mr. Rajeev Sheth as Chairman and Managing Director of the Company for a period of Five years effective from October 1, 2015 *Applicable for investors holding shares in electronic form. ** This is optional Affix One Rupee Revenue Stamp Signed this _____ day of ___________, 2015 __________________________ ____________________ Signature of the Proxy holder(s): Signature of Shareholder Note: This Form of Proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company, not less than 48 hours before the commencement of the Meeting. Design to Desire TARA JEWELS LIMITED ANNUAL REPORT 2014 - 15 TARA JEWELS LIMITED Design to Desire We are amongst the largest, most modern manufacturers in the jewellery business today. We exhibit the highest form of excellence in design and manufacturing capabilities, to produce custom and mass-produced jewellery of the highest quality. This reputation allows us to participate in all segments of the market – be it affordable jewellery that appeals to the Gen-Y, or big ticket one-offs bought for special occasions. With most of our business in exports today, we have a long history of successfully servicing the global markets. We understand the needs of global consumers and serve diverse markets and brands across multiple continents. We are also making steady progress into the large and lucrative Indian retail market. More recently, we started on a journey that places value creation as a top priority. This requires us to optimise our cost structures; to produce even more attractive products; to further enhance the appeal of our brands; and to find innovative ways to reach our consumers. Through the sum of these multiple actions, we wish to further bolster our bottom line and ROE. Our perseverance towards this goal is what will make us an enduring company. An enterprise that consistently creates wealth for its share-owners. ANNUAL REPORT 14 - 15 1 CORPORATE INFORMATION BOARD OF DIRECTORS REGISTRAR AND SHARE MANUFACTURING PLANTS Mr. Rajeev Sheth TRANSFER AGENTS A. Plot No. 122, 15th Road, Near Chairman and Managing Director LINK INTIME INDIA PVT. LIMITED, IDBI Bank, M.I.D.C, Andheri (East), Mr. Sanjay Sethi C-13, Pannalal Silk Mills Compound, MUMBAI- 400093 Executive Director (Finance) L.B.S Marg, Bhandup (West), Mr. Ravindran M. P. Mumbai- 400078 B. Plot No. 29(P), & 30 (P), Sub Plot Executive Director A, SEEPZ SEZ, Andheri (East), Mr. Nikkhil Vaidya Mumbai- 400096 Independent Director BANKERS Mr. Rakesh Kalra • State Bank of India C. Unit No. GJ-7, SDF VII, SEEPZ SEZ, Independent Director • Punjab National Bank Andheri (East), Mumbai- 400096 Mr. Rajiv Jain • Union Bank of India Independent Director • State Bank of Patiala Mr. Shanti Saroop Khindria • Central Bank of India Independent Director • Bank of India Ms. Fern Mallis Independent Director • Axis Bank Mr. Francois Arpels • IDBI Bank Independent Director • Exim Bank Mr. Mariano De la Torre • Corporation Bank Nominee Director • Canara Bank • Vijaya Bank COMPANY SECRETARY & COMPLIANCE OFFICER REGISTERED OFFICE Ms. Nivedita Nayak Plot No. 122, 15th Road, Near IDBI Bank, M.I.D.C, Andheri (East), STATUTORY AUDITORS Mumbai- 400093 M/S C. B CHHAJED & CO, CHARTERED ACCOUNTANTS, CORPORATE OFFICE DGP House, Ground Floor, 88-C, Plot No. 29 (P), & 30 (P), Sub Plot A, Old Prabhadevi Road, SEEPZ SEZ, Andheri (East), Mumbai- 400025 Mumbai- 400096 INTERNAL AUDITORS CIN NO: L52393MH2001PLC131252 BDO INDIA LLP, Level 9, The Ruby, Senapati Bapat Road, Dadar (West), Mumbai- 400028 2 TARA JEWELS LIMITED WHAT’S INSIDE We have been a pioneer in Tara Jewels - At a Glance ..........................................................04 “jewellery manufacturing with Presence - Across the Value Chain .........................................06 known patented technologies Our Mission ....................................................................................08 which have revolutionised Our Values ......................................................................................08 Our Vision .......................................................................................09 jewellery manufacturing to Our Exquisite Branded Jewellery Collection......................10 maximise productivity. Our Spectacular Journey ..........................................................12 Our Esteemed Clientele ............................................................14 Presence Across Retailing Models .........................................15 Chairman’s Statement ................................................................16 Board Of Directors .......................................................................18 Management Team .....................................................................20 Financial Performance ...............................................................22 Operational Highlights ..............................................................23 Awards & Accolades ...................................................................24 Made to be Desired, Designed to Delight ..........................26 To Better Service our Discerning Customers .....................28 Fortifying Our Leadership Position Through Tie-ups .....30 Management Discussion & Analysis .....................................32 Board’s Report ..............................................................................46 Corporate Governance Report ...............................................66 Independent Auditors’ Report ................................................84 Annexure to the Independent Auditors’ Report ..............86 Balance Sheet