HF MetalArt Pvt. Ltd., A Swiss Gold Minting Company, one only kind of private minting unit was established in Jaipur, India by Faude & Huguenin, Switzerland, A company with a wide experience of more than 150 years of minting Precious and Non Precious Coins and Bars, keychains, cufflinks, Pins, Badges, Pins, Signs, Trophies, Certificates, Awards, Medals, Mementoes, Plates, Photos, serving the customized requirements of our prestigious clients around the world in more than 120 countries.
The company designs, manufactures, and supplies both a unique range of fine gold & silver coins and bars and an entire quality corporate gifting items in non-precious metal spectrum.
Our specialization is customized coins - with your corporate logo - as well as a broad range of tailored and branded metal items, in hand-painted designs, finished to the highest levels, to provide the quality and differentiation you need to make your business shine and more importantly you add communication value to your company.
Swiss-owned, our production facility in Jaipur boasts the most modern equipment and know-how available, based on 150 years of experience in process, technology and craftsmanship. We pride ourselves on service and execution as well: design and creation proposals, tailored samples to fit exactly with your corporate identity, custom packaging, all in the best quality with rapid turnaround times, highly reliable quality and committed deliverable and the plant can process 100kg Gold per day easily. The total investment in our factory is around Rupees 50 Crores
BRIEF HISTORY OF THE COMPANY
In the year 1868, Fritz & Albert Huguenin, two brothers, opened up a small workshop. Gradually they became specialize craftsmen in the cart of decorating silver watchcases, and gained world wide fame.
By 1950 watch making had declined and the Company exited this business to concentrate instead on a successful new field: manufacture of high quality stamped medals. In 1992 Huguenin was the first company world wide to mint gold coins with a color imprint. In parallel, Paul Faude started a separate venture in 1961, focusing on photo-etching technology, to manufacture medallions and awards in brass with quality, design, painting, and finishes. It too has gained a world wide reputation.
In 2002, the two entities merged, giving birth to the current company, Faude & Huguenin SA. In 2006, Faude & Huguenin established HF Metal Art Pvt. Ltd. in Jaipur , India .with sophisticated European machinery, the Company set a new milestone with the first and process know -how available with strong local skills and market knowledge. It can mint both gold and silver coins and bars in the highest quality, as well as non -precious medallions and award through a refined photo -etching process. The Company is still privately held, maintaining another long tradition, and now providing services to the client’s world wide.
VALUES
Unique: We offer customers customized products, services and support unique to the Indian market.
Quality: We sell only products and materials of the very highest quality. We aim to make every customer interaction a positive experience.
Integrity: We Conduct business fairly and transparently with customers, suppliers, and all other business partners. we vouch for the integrity of the materials we sell.
Tradition: We are a privately -held company of the European heritage and maintain the values and tradition form our 140 year history. We embrace local customs and traditions as well.
Social and Environmental Responsibility: We respect local laws and business practices. We are a socially and environmentally conscious employer and provide a safe work atmosphere.
VISION & MISSION :
Vision: Our vision is to be the premier supplier of precious metal coins and bars, as well as high quality gift and promotional items in non- precious metals, to corporate, consumer, government and intuitional markets both in India and abroad.
Mission: Provided our customer with the very highest quality product and services for both precious and non-precious metals.
Continuously develop our core strengths in designs, craftsmanship, production and services to maintain our competitive advantage.
Exceed customer expectation with each interaction by offering them a unique blend of quality product, services and support.
Be a socially responsible enterprise and contribute positively to the development of the Indian people and market.
Finally, a high - quality six color tampon printing process allows us to offer colored designs directly on the coins, antique capability, for added customization and differentiation. All come with the highest standard of purity and minting quality and are certified with the HF brand with the HF brand with gold guaranteed 99.99% purity or silver in 99.9%.
CORPORATE SOCIAL RESPONSIBILITY POLICY :
1.CONTEXT: The Corporate Social Responsibility Policy (“CSR Policy”) of HF MetalArt Private Limited has been formulated and approved by the Board of Directors at its meeting held on 26th August, 2022. This policy aims to contribute towards sustainable development of the society and environment to make planet a better place for future generations. The philosophy of CSR is imbibed in our business activities and social initiatives taken in the area of removing malnutrition, improving healthcare infrastructure, supporting primary education, rehabilitating destitute individuals and caring for animals, and preserving Indian art and culture. The activities enlisted in this CSR Policy to be carried out by the company either individually or in association with eligible Implementing Agencies registered with the Ministry of Corporate Affairs. The CSR Policy is formulated in accordance with the provisions of section 135 of the Companies Act, 2013 and rules made thereunder and other applicable laws to the company. HF MetalArt Private Limited (“HF MetalArt” or” the Company” has been adopted from the financial year 2022-23, the corporate social responsibility (“CSR”) initiatives. Along with sustained economic performance, environmental and social stewardship is also a key factor for holistic business growth. The Company entered memorandum of undertaking with Being of Service Society (“the Society”), a Society Registered under Rajasthan Society Registration Act, 1958, having Registration Certificate under Section 12A and 80G of the Income Tax Act, 1961 and registered as implementing agency with Ministry of Corporate Affairs wide registration No. CSR00034819 as a not-for-profit nodal body aimed at providing a dedicated approach to community development and also to fulfill our CSR commitments. Being of Service Society works towards removing malnutrition, improving healthcare infrastructure, supporting primary education, rehabilitating destitute individuals and caring for animals, and preserving Indian art and culture. Being of Service Society partners with non-government organizations (NGOs) to make a difference among local communities. The Company’s focus has always been to contribute to the sustainable development of society and the environment, and to make our planet more livable for future generations.
2. DEFINITIONS : a) “Act” means the Companies Act, 2013. b) “Board of Directors” or “Board” means the collective body of the directors of the company. c) “Company” means “HF MetalArt Private Limited” d) “CSR Committee” means Corporate Social Responsibility Committee constituted by the Board of Directors of the company if any. e) “CSR Policy” means CSR Policy of HF MetalArt Private Limited. f) “CSR Rules” mean the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended from time to time. g) “Implementing Agency” means any entity registered with Ministry of Corporate Affairs i.e. Being of Service Society having Registration number CSR00034819 for undertaking CSR projects, which is engaged by the company to implement various projects in pursuance of CSR Policy. Any term used in this policy but not defined herein shall have the same meaning assigned to them under the Act and CSR Rules as applicable to the company.
3. OBJECTIVES
HF MetalArt’ CSR Policy intends to: • Strive for economic development that positively impacts society at large with minimal resource footprint. • Embrace responsibility for the Company’s actions and encourage a positive impact through its activities to alleviate hunger, poverty and malnutrition; to protect the environment; and to support communities, stakeholders and society
4. EFFECTIVE DATE: This policy shall be effective from 26/08/2022.
5. FUNCTIONS OF BOARD/CSR COMMITTEE IN RELATION TO CSR
As the amount to be spent under CSR is not Rs. 50 Lakh or more, the requirement of constitution of CSR Committee is not applicable to the company and functions or duties in relation to CSR applicable under the Companies Act, 2013. The function in relation to CSR shall be the followings:
a) To formulate and recommend a CSR Policy indicating the activities to be undertaken by the company in areas or subject specified in Schedule VII to the Act;
b) To recommend the amount of expenditure to be incurred on the activities referred to in clause (a);
c) To formulate and recommend an annual action plan in pursuance of CSR Policy covering the following aspects:
(i) the list of approved CSR projects or programs to be undertaken in areas or subjects specified in Schedule VII to the Act;
(ii) the manner of execution of such projects or programs as specified in rule 4(1) of CSR Rules;
(iii) the modalities of utilization of funds and implementation schedules for the projects or programs;
(iv) monitoring and reporting mechanism for the projects or programs; and
(v) details of need and impact assessment, if any, for the projects undertaken by the company;
d) Recommend changes to the Board, if any, needed in the annual action plan with reasonable justification to that effect.
e) To monitor the CSR Policy as approved by the Board from time to time.
The CSR Committee should recommend the approach and direction of CSR activities to be undertaken by the company and also provide Guiding principles for
(i) Selection of CSR projects / programmes / activities
(ii) Implementation of CSR projects / programmes / activities
(iii) Monitoring of CSR projects / programmes / activities
(iv) Formulation of the annual action plan
6. CSR ACTIVITIES
Company shall undertake CSR activities for development of the society and the environment, particularly in the vicinity of the areas where the facilities of the company are located.
A. The company shall undertake such activities which are broadly related to any of the following:
(i) Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation
(ii) Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
(iii) Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
(iv) Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water.
(v) protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and handicrafts;
B. The company may also contribute to the following funds as part of CSR activities:
(i) Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.
(ii) Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga;
(iii) Prime Minister’s National Relief Fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or any other fund set up by the Central Government for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
(iv)Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government;
(v) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs).
The above areas as enshrined in Schedule VII to the Act and included in this policy aims to provide macro areas in which CSR projects should be undertaken by the company. The Board shall consider details of CSR projects as elaborated in the annual action plan for each financial year. Any CSR activity proposed to be undertaken as a CSR initiative, but not specifically covered in the aforesaid, may be undertaken only with the prior approval of the Board and CSR Committee if any.
7. FOCUS AREAS
While the company may undertake CSR activities in any areas listed above, the focus areas of CSR activities should be on the following aspects:
(i) Food to poor children and people
(ii) Providing primary education
(iii) Environment protection
(iv) Rain Water Harvesting
(v) Rural Transformation
(vi) Safe Drinking Water
(vii) Education to underprivileged
8. THE CSR COMMITTEE SHALL FORMULATE AND RECOMMEND TO THE BOARD, AN ANNUAL ACTION PLAN WHICH SHALL INCLUDE THE FOLLOWING:
a) the list of CSR projects or programmes that are approved and to be undertaken by the company
b) the manner of execution of such projects or programmes (c) the modalities of utilization of funds and implementation schedules for the projects or programmes;
c) monitoring and reporting mechanism for the projects or programmes; and
d) details of need and impact assessment, if any, for the projects undertaken by the company. The Board of Directors are empowered to alter the annual action plan during the financial year, if so recommended by the CSR Committee, based on the reasonable justification for such change.
9. CSR SPENDING
The company shall endeavor to achieve the objectives of CSR Policy and allocate every year:
a. Minimum 2% of its average net profits made during the three immediately preceding financial years
b. Any income or surplus arising out of the CSR activities, projects or programs shall not form part of the business profit of the company and the same shall be ploughed back for use in CSR activities.
All the expenditure relating to CSR shall be pre-approved by the Board. The authorised director shall monitor the utilization of funds for the purposes set forth and certify to this effect. Unspent CSR amount, if any, shall be transferred to separate account in accordance with the applicable CSR Rules from time to time.
10. CSR PROGRAMS, PROJECTS OR ACTIVITIES OF THE COMPANY SHALL BE IMPLEMENTED THROUGH FOLLOWING METHODS:
i. Directly by the company;
ii. Implementing Agencies;
iii. Any foundation or body incorporated by the company and eligible to undertake such CSR projects.
iv. in collaboration with other organizations/group companies.
While the company can engage suitable Implementing Agencies to undertake approved CSR projects. The company can also partner with local governance bodies, such as Gram Panchayat, Civic Bodies, Municipality, anganbadi, primary schools to directly undertake approved CSR projects with the help and support of these bodies.
11. NEED AND IMPACT ASSESSMENT
CSR activities undertaken should be in the interest of the society and the local population where the company operates. Before undertaking any project or activities the company shall conduct need assessment for the project and its utility in the demography where project is proposed. After one year of completion of CSR project, the company shall consider in conducting an impact assessment of the project so completed and place a report for consideration of the Board.
A summary of impact assessment outcome shall be disclosed in the Board’s Report.
12. CAPITAL ASSETS
Capital asset acquired or created by CSR projects should be held by the beneficiaries of the said CSR project or a trust or a public authority for the benefits of all. The company should take appropriate measure to ensure that such assets are utilized for the purpose it was meant for and should not be transferred or disposed off without prior permission of the company.
13. INFORMATION DISSEMINATION
CSR Policy and activities undertaken shall be disseminated on website for public access and shall be published in the Annual Report of the company in the format prescribed under the Act and CSR Rules.
14. REVIEW
The CSR Committee/Board of Directors shall be fully responsible for the monitoring and review of the implementation of this policy in accordance with applicable laws from time to time. The Board shall provide recommendations as and when it deems necessary so as to amend/ modify/ revise the CSR Policy.