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Standalone & Consolidated Financial Results, Limited Review Report For June 30, 2016 (Result)
Standalone & Consolidated Financial Results, Limited Review Report For June 30, 2016 (Result)
(Fornnerly
Central l-{eadquarters:L.B.S.Marg,Majiwade,Thane-400601.Maharashtra,
Reg & Corp. Off.: 124-06, B-Wing, 13th Floor, Parinee Crescenzo, C-38/39, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai -400051, Maharashtra, India.
Tel No: +91 (22)61740400FaxNo: +91 (22)61740401 126531310,C|NNo: L21011MH1gsOFLC145537,Website:
www.pptpack.com
9th
August, 2016
Limited
P J Towers, Dalal Street,
MUMBAT - 400 001
BSE
22723!2!/3719/2037
corp.relations@bseindia.com
Ref: Security Code No.:509820
Listing Department,
National Stock Exchange of India Limited
Exchange Plaza, Plot no. C/L, G Block
Bandra-Kurla Complex, Bandra (E)
Mumbai - 400 051
Fax. No. (022)26s98237 / I
cmlist(Onseindia.com
Ref: PAPERPROD
Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
please note that the Board of Directors of the Company at its meeting held on Tuesday, 9'n August, 2016, interalia, considered and approved the Standalone and Consolidated Un-Audited Financial Results of the Company
for the Quarter/Half Year ended 30'n June, 20L6.
Copy of the same along with Limited Review Report as required under Regulation 33 (fXd) of SEBI Listing
Regulations, 2015 is annexed herewith.
For.Huhtama|i@JLLtd.,
l..ut-,1
Encl: a/a
Huhtama I-PPL
SRBC&COLLP
Chartered Accountants
OOOO
1.
2.
We conducted our review in accordance with the Standard on Review Engagements (SRE)
2470, Review of Interim Financial Information Performed by the Independent Auditor of the
Entity issued by the Institute of Chartered Accountants of India. This stdndard requires that
we plan and perform the review to obtain moderate assurance as to whether the Statement
is free of material misstaternent. A review is limited primarily to inquiries of company
personnel and analytical procedures applied to f inancial data and thus provides less
assurance than an audit. We have not performed an audit and accordingly, we do not express
an audit opinion.
3.
Based on our review conducted as above, nothing has come to our attention that causes us
accompanying Statement
of
accordance with applicable accounting standards and other recognised accounting practices
and policies has not disclosed the information required to be disclosed in terms of Regulation
FoTSRBC&COLLP
lCAl [irm registration number: 324982E/E300003
per
Membership No.: 36738
Place: Mumbai
Date: August9,2076
S R B C & CO LLP, a
Ki:PFL
{--'-+ Tha FFFEr Fro{iircls Llid.l
Huhtamaki PPL Ltd (Formerly known as " The Paper Products Ltd")
Regd Office: 124-06 B-Wing, 13th Floor, Parinee Crescenzo, C-38/39, G-Block, Bandra Kurla Complex, Bandra (E), l4umbai-51
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE OUARTER ENDED 30 JUNE 2016
(Rs. in lacs)
STANDALONE
Sr,No
tarticulars
Halfyearended
Yearended
31.12.201s
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudlted)
(Audited)
32,769
30,264
la qqo
63,033
57,566
114,0s9
222
217
238
439
525
32t99t
30,481
29,744
63t472
58,091
LLs,O97
24,950
20,936
21,015
45,886
40,764
80,094
(137)
(1,073)
(s1s)
(104)
2,373
5,2L4
'ART
Income from Operations
a) Net Sales / Income from Operations (Net of Excise Duty)
b) 0ther Operating Income
:xpenses
a)
Cost
of Materials Consumed
(e17)
2,760
e)
Other Expenses
Expenses
fotal Expenses
3
1,038
trofit from operations before other income and finance cost (1-2)
)ther Income
:inance Costs
trofit from ordinary activities after Finance Costs but before tax (5-6)
fax expenses
)rovision for - Current Taxes
- Deferred Taxes
2,454
q64
979
971
98s
1,950
3,682
? ?qR
3,327
6,980
6,461
11
(1s)
27
(4)
(4)
43
31,465
27,444
27t544
58,953
53t232
LO7,OO4
rt526
21993
2t204
4,5L9
4t459
8,O93
393
336
300
729
579
7,273
1,919
3,329
2t5O4
5,248
s,438
9,366
13,281
672
753
673
I,425
1,150
2,518
1,247
2,576
1,831
3,823
4,288
6,844
1 oqe
672
798
622
L,470
t,092
(110)
(178)
(67)
(288)
90
(s1)
4tgLL
1 4\4
68s
1,956
L,276
2$4L
3,106
10
1,454
7,454
r,454
r,454
1,454
11
lseryes excluding Revaluation Reserye as per balance sheet of previous accounting year
56,955
0.94
2,69
1,75
3.63
4,27
6.75
0.94
2.69
t,75
3,63
4,27
6.75
EPS
Notes:
A. The company's business segment is primarily consumer packaging and all other activities
B, The above results were reviewed by the audit committee and approved by the Board
C. Statutory Auditors have carried
SIGNED
BY
SR
&co
|t,iUMBAl
I,.LP
HdNTHT*i_FPL
{*ti**Tlrc
Regd
Faper Freduck
Lldl
Huhtamaki PPL Ltd (Formerly known as " The paper products Ltd,,)
offlce: 12A-06 B-Wing, 1:!th Floor, Parinee Crescenzo, c-38/39, G-Btock, Bandra Kurla complex, Bandra (E), Mumbai-5l
Central Headquaders: L, B. Shastri Marg, lqajiwade, Thane - 400 601
Notesl
As
at
As
at
30.05.2016
31.12,2015
(Unaudited)
(Audited)
AND TIABILMES
Funds
Share Capital
Reserves and Surplus
- Shareholders'funds
r,454
r,454
59,873
57,232
6rF27
58,686
39,692
39,980
3,540
3,540
Liabilities
Long- Term Borowings
237
97
74
43,329
43p3L
Current Liabilities
a) Shod - Term Borrowings
26
Trade Payables
Other Current Liabilities
Short Term Provisions
20,867
rs,302
7,456
7,t5L
1,348
3,790
29,697
26,243
1343s3
t24,760
- Culrent Assets
Fixed Assets
Non Current Investments
17,722
18,950
qa a4?
54,806
51
1,536
7+L53
7sp33
18,458
20,663
Assets
Current Investments
Inventoies
11,779
Trade Receivables
26,701
)1 aLA
822
1.103
1,551
550
{S \Jl."l
flturflBAg
al
889
915
60,200
53,427
134,3s3
r2at760
Huhta'makj *PFL
(. -:===-'Tfm
Huhtamaki PPL Ltd (Formerly known as " The Paper Products [td")
Regd Office: 12A-06 B-Wing, 13th Floor, Parinee Crescenzo, C-38/39, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai-S1
Central Headquafters: L, B. Shastri Marg, lvajiwade, Thane - 400 601
CIN - 121011MH1950F1C145537, Phone No.: (022) 2653 1320, Fax No.: (022) 2653 1310
2016
'UNE
6 months ended
30.06.2016
6 months ended
30.06.2015
Year ended
31.12.2015
439
Expenses
5
6
7
8
(s1e)
5,274
Ll4
1
(104
1,950
4t560
1 464
6/980
6,467
(4)
(4)
58r953
s3,232
LO7,
4t519
4,859
8,
729
579
5,248
5r438
4)\
1,150
3,823
4,288
t,470
r,092
(28B)
90
2,641
3,106
t3,281
L,
2,57
expenses
10
11
uo Debt CaDital
L2
13
Redemption Reserve
per share (not annualised)
1J
Equily Ratio
Ib
t7
18
Credit rating
19
wonn
t,454
7,4s4
38,500
38,500
(JI
38,
56,
1 A'
20
40,764
n7?\
from ordinary activities after Finance Costs but before tax (5-6)
- Deferred Taxes
74
45,885
Income
58,091
Loss /(Gain)
63472
11
Other ExDenses
F) Foreign Exchange
Total Expenses
57,566
525
63,033
7,
3.63
6.
3.63
4.27
0.65
3.13
0.68
4.05
J.Dd
4,73
BWR AA-
BWR AA-
6.
0
3
3.72
BWRAA-
change
No change
No
No
Not Applicable since Unsecured Non-Conveftible Debentures
Interest was paid
Interest was paid
on 15 Jan 2016 being
on 15 luly 2015 |
due date
due
timely
NA
luly 2016
15 July 2015
15 January 2016
27 January 2020
27 January 2020
27 lanuary 2020
15
38,500
67,327
38,500
38,
qo 2?1
The company's busjness segment is primarily consumer packaging and all other activities ofthe company are incidental to this business segment.
The above results were reviewed by the audit committee and approved by the Board at it's meeting held on 9th August 2016
. Statutory Auditors have carried out limited review of the above results
on 14 September 2015, the Board of Directors approved the amalgamatjon of Positive Packaging Industries Ltd ( a 100% subsidiary of the Company) and Webtech
Private Limited (a 510/o subsidiary ofthe Company) with the Company/ appointed date being 30th January 2015 and 31st March 2015 respectively. pending the
of High Coud, no effect of the proposed amalgamations has been recognised in the financial results for the six months ended 30 June 2016
. DSCR has been calculated as Earnings before Finance Cosit and Tax/(Finance Cost+Principal Repayment of long term debt) and ISCR has been calculated as Earnings
3fore Finance Cost and Tax/Finance Cost. Networth has been computed as Share Capital plus Reserves and Surplus.
. Figures for the previous periods have been regrouped/reclassified wherever necessary.
us at our website:
SRBC&COLLP
Chartered Accountants
1.
its
subsidiaries (together, 'the Group') for the quarter and six months ended June 30, 2016 (the
"Statement") being submitted by the Company pursuant to the requirement of Regulation 33
This
Statement is the responsibility of the Company's management and has been approved by the
Board of Directors. Our responsibility is to issue a report on the Statement based on our
review.
2.
We conducted our review in accordance with the Standard on Review Engagements (SRE)
24tO, Review of Interim Financial Information Performed by the Independent Auditor of the
Entity issued by the Institute of Chartered Accountants of India. This standard requires that
we plan and perform the review to obtain moderate assurance as to whether the Statement
is free of material misstatement. A review is limited primarily to inquiries of company
to
assurance than an audit. We have not performed an audit and accordingly, we do not express
an audit opinion.
3.
Based on our review conducted as above, nothing has come to our attention that causes us
prepared
in accordance
material misstatement.
FoTSRBC&COLLP
lCAl Firm registration number: 324982E/E300003
a
nts
Partner
Membership No.: 35738
Place: Mumbai
Date: August 9,20t6
S R B C & CO LLP, a
Huhtamari-PFL
{:--.,.
Huhtamaki PPL Ltd (Formerly known as " The paper produqts Ltd")
Regd Officei 12A-05 B-Wing, 13th Floor, Parinee Crescenzo, C-38/39, c-Block, Bandra Kurla Complex, Bandra (E), 14umbai-51
Central Headquartersr L B Shastri Marg, tvtajiwade, Thane - 400 601
CIN - 121011MH1950FLC145537, phone No : (022) 2653 1320, Fax No.: (022) 2653 1310
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 3O JUNE 2016
569
LOg,779
36,662
256
74,400
(1,468)
4,474
4,516
9,513
2,297
2,318
4,36r
9,053
6,381
2,370
6t733
4,615
7,083
1.3,464
12t263
25,770
53,589
(l-2)
3,629
Income
33,9s3
(143)
(31)
4,051
co5t5
from ordinary activities after Finance Costs but before tax (S-6)
3r251
rA92
138,584
124
(1,928)
8,088
t7,704
36
379
100,541
91,389
149,562
5,609
3,903
9,238
7B3r
t4,175
388
299
4,2O2
810
613
1,424
10,048
7,944
15,600
r,777
1,983
4,038
5,020
3,080
at27L
5,951
LLt562
t71l
2t11.0
3t674
5,997
977
(186)
tt322
(30s)
3t203
(236)
(422)
(340)
1,995
,495
2,063
sA9O
4.19r
7,473
4,O4O
7t693
169
!7
2O3t738
50.581
800
Tax expenses
for - Current taxes
- DeFerred laxes
44
2,763
94,720
46t9s2
422
200,975
54,484
48
Total Expenss
108,6s0
1,129
40147
(1,32s)
/ (Gain)
53,859
625
57t2LA
Expenses
a) Cost of lvlaterials Consumed
b) Changes in Inventories of Finished Goods and Work-in-process
c) Employee Benefit Expenses
d) Depreciation and Amortisafion Expnses
e) Olher Expenses
52,001
560
s2,561
yearended
1,826
67
3,428
71
r,992
236
5,254
1,454
180
1,454
1.454
50,138
2.51
2,51
4.71
4,7r
2,74
2,74
7,23
7,23
5.55
5.56
10.58
10.58
The company's business segmenl is primarily consumer packaging and all other activities of the company are incidental to this business segment.
The above results were reviewed by the audit committee and approved by Lhe Board at it's meeting held on gth Augusl 2016
Statulory Auditors have carried out limited review of the above results
comparabie to thaL extent with previous year/periods
The consolidated flnancial results are prepared in accordance with the applicable Accountino slandards,
!,247
After Tax
685
SIGNED
BY
Qn rrlENTtFtcATr0ru
).
SR
CS"CO LLP
[$Uf'.iiBA!
30,481
29t788
63,472
1,831
58,091
4,288
2,64!
106
yearended
31.12.2015
115,097
As
at
30.05.20r6
(Unaudlled)
As
at
31,12.2015
(Audited)
AND LIABILITIES
Funds
) Share Capital
Rseryes and Surplus
r,454
1,454
604r4
- Shareholders'funds
Interest
67,L23
61,868
2,6L9
2,383
42,037
43t521
423
Liabilities
) Long- Term Borrowings
Defered Tax Liabilities (net)
Olher Long Term Liabilitis
Long - Term Provisions
- Non-current Liabiliti6
148
3,560
3,560
46,371
48r153
649
Liabilitis
Shoft Term Borrowings
Trade Payables
866
5,156
37,448
28,674
12t562
12,789
4,183
55,059
52,5O2
- Current Assets
) Fixed Assets
49448
Goodwill on Consolidalion
22,753
22,716
148
4 141
Assets
Current Investments
) lnventories
Trade Receivables
Cash and Bank Balances
16
76F95
79F73
18,458
20,662
20,148
49,066
4Lt887
1,190
2,793
SIGNED
IDEIUTIFICATIOru
BY
SR
&e0
LLP
ls,607
rt537
2,06s
2t922
3,275
94.577
85,033
L7t,L72
164.906
For Huhtamaki
4,006
Huhtameiqi*PFt
{',=..=
Huhtamaki PpL Ltd (Formerly known as " The paper products Ltd")
Regd Office: 124-06 B-Wing, 13th Floor, Parinee Crescenzo, C-38/39, G-Block, Bandra Kurla Complex, Bandra (E), l4umbaF51
Central Headquaters: L, B. Shastri Marg, l4ajiwade, Thane - 400 601
CIN - 121011MH1950F1C145532, phone No.: (022) 2653 1320, Fax No,: (022) 2653 1310
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2016
Rs, in
6 months ended
30.06,2015
Income from Operations
a) Net Sales / Income from Operations (Net of Excise Duty)
b) Other Operating Income
108,650
97,449
700,975
7,r29
LOg,779
t,27r
98,720
2O3,738
74,400
(1,468)
724
9,5 13
8,088
Expenses
a) Cost of Materials Consumed
b) Changes in Inventories of Finished Goods and Work-in-process
c) Employee Benefit Expenses
d) Depreciation and Amortisation Expenses
e) Other Expenses
l)
Profit from operations before other income and finance costs (1-2)
Other Income
Finance costs
Profit from ordinary activities after Finance Costs but before tax (5-6)
Tax expenses
Provision for - Current taxes
- Deferred taxes
Profit from ordinary activities after Tax (7-8)
11
t2
lo
t7
1B
36
379
100,541
91,389
189,562
9r238
7,33r
L+L76
810
613
7,424
10,048
7,944
15,600
20
2,1t0
3,674
(340)
+19r
236
1-,454
r,454
38,500
7.23
7,23
1 A?q
Equity Ratio
0.69
2.44
5.56
5,56
0,99
7,26
5,65
4.01
due date for the payment of interest on non convedible debt securities and whether the
has been paid or not,
due date for the payment of interest on non convertible debt securities
date for payment of Principal amount of non conveftible debt securities
amount of non convertible debt securities
7,454
38,500
60,138
23
180
7,693
L,925
EPS
Cover
f5
7t873
I5I
4tO4O
38,500
EPS
22
26
4,038
LL,562
5,254
in credit rating
25
1,983
5,961
sA9O
ratrng
24
r,777
8,27r
3,203
(422)
2l
27
25,770
17
tf,
19
4,36t
12,263
up Debt Capital
74
1,928)
4,675
1J
73,464
Interest
10
138,s84
77,704
a nq?
(Gain)
Expenses
2,763
BWR AA-
BWR AA-
No change
No change
10.58
10.58
0.8s
7.25
3.86
BWR
M-
No change
Not Applicable since Unsecured Non-Convedible Debentures
Interest was paid
Interest was paid timely
on 15 January 2016
on 15 luly 2015 being
being due date
due date
15 July 2016
15 luly 2015
15 January 2016
timely
NA
27 January 2020
27 January 2020
38,500
38,500
67,r23
60,585
Net worth
27 January 2020
38,500
61,868
Notes:
A' The company's business segment is primarily consumer packaging and all other activities ofthe company are incidental to this
business segment.
B. The above results were reviewed by the audit committee and approved by the Board at it's meeting
held on 9th August 2016
. Statutory Auditors have carried out limited review ofthe above results
' The consolidated financial results for the previous year/period include results of Positive Packaging Industrles Ltd for the period 31 lanuary 2015 to 31st December 2015,
:nce the current year flgures are not comparable to that extent with previous year/periods,
The Consolidated financial results are prepared in accordance with the applicable Accounting Standards.
' On 14 September 2015, the Board of Directors approved the amalgamation of Positive Packaging Industries Ltd ( a
DSCR has been calculated as Earnings before Finance cost and Tax/(Finance Cost+Principal Repayment of long
term debt) and ISCR has been calculated as Earnings before
nance Cost and Tax/Finance Cost. Networth has been computed as Share Capital plus Reserves and Surplus.
'
For
Ltd
Gupta - Chairman