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BSE Code : | NSE Symbol : | ISIN:| SECTOR : |

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 62.11
P/E 77.71
BOOK VALUE (RS) 29.6785902
DIV (%) 0
MARKET LOT 4000
EPS (TTM) 1.09
PRICE/BOOK 2.85390914559008
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

24-Sep-2021

G K P Printing & Packaging to convene board meeting

23-Sep-2021

G K P Printing & Packaging Ltd - Board Meeting Intimation for Approve The Allotment Of 7332944 Bonus Shares In The Ratio Of 1 Equity Share For Every One Existing Equity Shares Held By The Member As On Record Date I.E. 30Th Sept 2021.

19-Aug-2021

G K P Printing & Packaging to conduct AGM

21-Jul-2021

G K P Printing & Packaging adjourns board meeting

19-Aug-2021

G K P Printing & Packaging to conduct AGM

21-Jul-2021

G K P Printing & Packaging adjourns board meeting

16-Jul-2021

G K P Printing & Packaging to consider bonus issue

17-Jun-2021

G K P Printing & Packaging to convene board meeting

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A S Rototech Ltd (Wound-up) 523072
Agio Paper & Industries Ltd 516020
Anand Duplex Ltd 40432
Andhra Paper Ltd 502330 ANDHRAPAP
Astron Paper & Board Mill Ltd 540824 ASTRON
Aurangabad Paper Mills Ltd 502352 AURANPAPER
B J Duplex Boards Ltd 531647
B K Duplex Board Ltd 516112
B&B Triplewall Containers Ltd 535120 BBTCL
Balkrishna Paper Mills Ltd 539251 BALKRISHNA
Ballarpur Industries Ltd 500102 BALLARPUR
Bio Green Papers Ltd 534535
Cella Space Ltd 532701
Century Textiles & Industries Ltd 500040 CENTURYTEX
Chadha Papers Ltd 531946
Coastal Papers Ltd (Merged) 502369
Coral Newsprints Ltd 530755
Cosboard Industries Ltd 530859
Crescent Colorcoat Systems Ltd 516070
Crest Paper Mills Ltd 516104
Dadrawala Papers Ltd 516042
Danube Industries Ltd 540361
Denmur Fax Roll Ltd 526273 DENMURFAX
Eggro Paper Moulds Ltd 530717
Ellora Paper Mills Ltd 502374
Emami Paper Mills Ltd 533208 EMAMIPAP
Emami Paper Mills Ltd (Merged) 40246
Ganga Papers India Ltd 531813
Genus Paper & Boards Ltd 538961 GENUSPAPER
Gold Star Straw Products Ltd 531122
Gratex Industries Ltd 526751
Hardoli Paper Mills Ltd 40355
Hi-Tech Winding Systems Ltd 541627
ITC Bhadrachalam Paperboards Ltd (Merged) 500340 ITCBHADRA
Jackard Products Ltd 516060
Jainpur Straw Board And Paper Pvt Ltd 530623
Jayant Paper Mills Ltd 502390
JK Paper Ltd 532162 JKPAPER
Kalptaru Papers Ltd 590036
Kankariya Chemical Industries Ltd 524222
Kay Power & Paper Ltd 530255
Kuantum Papers Ltd 532937 KUANTUM
Kushal Ltd 536170
Lawa Coated Papers Ltd 523730
Madhya Bharat Papers Ltd 40240
Magnum Ventures Ltd 532896 MAGNUM
Malu Paper Mills Ltd 532728 MALUPAPER
Mansarovar Paper & Industries Ltd 532208
Mohit Paper Mills Ltd 530169
Mukerian Papers Ltd 516068 MUKERPAPER
Mysore Paper Mills Ltd 502405
N R Agarwal Industries Ltd 516082 NRAIL
Nath Industries Ltd 502587
Nath Pulp & Paper Mills Ltd(Merged) 502407 NATHPULP
Nayagara Paper Products (India) Ltd 516044
Nice Papers Ltd 40206
Nishant Paper Mills Ltd 516048
Orient Paper & Industries Ltd 502420 ORIENTPPR
Pamwi Tissues Ltd 502577
Parijat Paper Mills Ltd 40208
Pitambar Coated Papers Ltd 530785
Pondichery Papers Ltd 40262
Pudumjee Paper Products Ltd 539785 PDMJEPAPER
R N Paper & Boards Ltd 516036
Rainbow Papers Ltd 523523 RAINBOWPAP
Rama Paper Mills Ltd 500357
Rana Mohendra Papers Ltd 516074
Reacto Papers India Ltd 531291
Ruchira Papers Ltd 532785 RUCHIRA
Saffron Industries Ltd 531436
Sai Rayalseema Paper Mills Ltd 502468
Sangal Papers Ltd 516096
Sarda Papers Ltd 516032
Satia Industries Ltd 539201 SATIA
Saurashtra Paper & Board Mills Ltd 516088 SAURASTPPR
Servalakshmi Paper Ltd 533401 SERVALL
Seshasayee Paper & Boards Ltd 502450 SESHAPAPER
Shiva Paper Mills Ltd 502550
Shree Ajit Pulp and Paper Ltd 538795
Shree Ambeshwar Paper Mills Ltd 516028
Shree Bhawani Paper Mills Ltd 502563
Shree Industries Ltd 516040
Shree Jagdambe Paper Mills Ltd 531019
Shree Karthik Papers Ltd 516106
Shree Krishna Paper Mills & Industries Ltd 500388
Shree Rajeshwaranand Paper Mills Ltd 516086
Shree Rama Newsprint Ltd 500356 RAMANEWS
Shree Vindhya Paper Mills Ltd 502452 SHRVINDPPR
Shreyans Industries Ltd 516016 SHREYANIND
Sirpur Paper Mills Ltd 502455 SIRPAPER
Solid Containers Ltd 502460
Soma Papers & Industries Ltd 516038
Sophia Traexpo Ltd 541633
South India Paper Mills Ltd 516108 SIPAPER
Speciality Papers Ltd 502465
Star Paper Mills Ltd 516022 STARPAPER
Sumuka Agro Industries Ltd 532070
Sushila Pulp & Papers Ltd 516034
Tamil Nadu Newsprint & Papers Ltd 531426 TNPL
Tungabhadra Pulp & Board Mills Ltd 516001
Vapi Paper Mills Ltd 502589
Varinder Agro Chemicals Ltd (Merged) 506899
Victory Paper & Boards (India) Ltd 531234
Vidarbha Paper Mills Ltd(merged) 502520
Vidhi Industries Ltd 516084
Vishal Papertech (India) Ltd 531981
Well Pack Papers & Containers Ltd 531249
West Coast Paper Mills Ltd 500444 WSTCSTPAPR
Worth Peripherals Ltd 535008 WORTH
Yash Pakka Ltd 516030

Share Holding

Category No. of shares Percentage
Total Foreign 0 0.00
Total Institutions 0 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 996000 13.58
Total Promoters 3882544 52.95
Total Public & others 2454400 33.47
Total 7332944 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About G K P Printing & Packaging Ltd

G. K. P. Printing & Packaging Limited was originally incorporated as a Public Limited Company on April 3rd, 2018 in Maharashtra. The company is an ISO 9001:2015 certified Company engaged in the manufacturing of corrugated boxes. It deals in various types of corrugated boxes such as master cartons, mono cartons, Honey comb partition boxes, Die cut self-locking boxes, storage bins, adjustable depth book flap, Ring flap boxes and unit cartons. The Company is also engaged in the trading of Kraft paper, Duplex paper and Low - Density Plastic Rolls (LD Rolls). Kraft paper and Duplex papers are the primary raw material in corrugated boxes manufacturing and their trading provides the benefits of backward integration to the company by enabling it to procure raw material at very competitive prices as compared to other manufacturers of the corrugated boxes. The company is registered with the Ministry of MSME as a manufacturer of corrugated paper containers. The Company is managed by the promoters Mr. Keval Harshad Goradia (Managing Director of the company and erstwhile proprietor of M/s G.K. Packaging) and Mrs. Payal Keval Goradia (Non - Executive Director of the company and erstwhile proprietor of M/s Pratham Packaging). Mr. Keval Harshad Goradia ventured into the corrugated boxes manufacturing business in the year 2004 by setting up a proprietorship concern in the name of M/s. G.K. Packaging. Since then, the promoter has gained a vast experience and expertise in the corrugated box manufacturing industry. Another promoter, Mrs. Payal Keval Goradia entered into the corrugated box manufacturing business in the year 2012 as she set up a proprietorship concern in the name of M/s Pratham Packaging for carrying out the business. Equipped with vast experience and a vision of expansion, both the promoters have decided to join hands and carry on the business together. For this purpose, they have incorporated a public limited company in the name of 'M/s. G. K. P. Printing & Packaging Limited' on April 3rd, 2018. The company acquired the running business of M/s. G.K. Packaging and M/s Pratham Packaging through a Business Succession Agreement dated April 14th, 2018 whereby the company acquired the substantial assets and liabilities of the respective proprietorship concerns. The Promoters were appointed as Directors in the company and since then they are looking after the overall business operations and major business decisions of the company. The company is also well equipped with in house testing equipment's for the testing of raw material and finished products which enable the company to deliver quality products as per the specification of the clients.

G K P Printing & Packaging Ltd Chairman Speech

Dear Stakeholders,

It gives me immense pleasure to address all the esteemed shareholders of the company

Iand present the Second Annual Report of G. K. P. Printing & Packaging Ltd. It is good to be addressing you as a chairman because it gives me a chance to say thanks to everyone for their role in making our venture a success. On behalf of the Board of Directors, I express my gratitude for faith, confidence and conviction kept towards us by the stake holders. This was transformative year for your Company as the Company got listed on BSE SME Platform of India Limited on 8th May, 2019. Hence in nutshell I would like to congratulate all the stakeholders, on the excellent performance of your company in terms of overall growth in F.Y. 2019-20.

While Year 2020 is a year of extreme economic challenges for the world, a situation aggravated almost beyond measure by the unprecedented COVID-19 pandemic, your company continued to play on its strengths and posted a stable financial performance.

I would like to extend my sincere gratitude to each and every team member of G.K.P Group for their relentless efforts, who have responded beyond their call of duty during the nationwide lockdown. Our teams have demonstrated a strong sense of Responsibility and have ensured that we continue with business as usual, despite the hardship.

The Management is trying to improve the quality of product and with great endeavor of whole team, the company is stepping towards the progress in quality as far as in profitability. Nonetheless the progress is not achieved overnight and will definitely call for dedication and commitment.

We cherish the long-lasting and time-tested relationships with our customers, employees, regulators, business partners, government, lenders and other stakeholders. In conclusion, I would like to thank our business partners and other stakeholders for their continued faith in our abilities and their constant support. We will continue to create long-term, sustainable value for all by being consistent and flexible and I look forward to an exciting journey ahead, together.

Warm Regards

Keval Goradia

Chairman

   

G K P Printing & Packaging Ltd Company History

G. K. P. Printing & Packaging Limited was originally incorporated as a Public Limited Company on April 3rd, 2018 in Maharashtra. The company is an ISO 9001:2015 certified Company engaged in the manufacturing of corrugated boxes. It deals in various types of corrugated boxes such as master cartons, mono cartons, Honey comb partition boxes, Die cut self-locking boxes, storage bins, adjustable depth book flap, Ring flap boxes and unit cartons. The Company is also engaged in the trading of Kraft paper, Duplex paper and Low - Density Plastic Rolls (LD Rolls). Kraft paper and Duplex papers are the primary raw material in corrugated boxes manufacturing and their trading provides the benefits of backward integration to the company by enabling it to procure raw material at very competitive prices as compared to other manufacturers of the corrugated boxes. The company is registered with the Ministry of MSME as a manufacturer of corrugated paper containers. The Company is managed by the promoters Mr. Keval Harshad Goradia (Managing Director of the company and erstwhile proprietor of M/s G.K. Packaging) and Mrs. Payal Keval Goradia (Non - Executive Director of the company and erstwhile proprietor of M/s Pratham Packaging). Mr. Keval Harshad Goradia ventured into the corrugated boxes manufacturing business in the year 2004 by setting up a proprietorship concern in the name of M/s. G.K. Packaging. Since then, the promoter has gained a vast experience and expertise in the corrugated box manufacturing industry. Another promoter, Mrs. Payal Keval Goradia entered into the corrugated box manufacturing business in the year 2012 as she set up a proprietorship concern in the name of M/s Pratham Packaging for carrying out the business. Equipped with vast experience and a vision of expansion, both the promoters have decided to join hands and carry on the business together. For this purpose, they have incorporated a public limited company in the name of 'M/s. G. K. P. Printing & Packaging Limited' on April 3rd, 2018. The company acquired the running business of M/s. G.K. Packaging and M/s Pratham Packaging through a Business Succession Agreement dated April 14th, 2018 whereby the company acquired the substantial assets and liabilities of the respective proprietorship concerns. The Promoters were appointed as Directors in the company and since then they are looking after the overall business operations and major business decisions of the company. The company is also well equipped with in house testing equipment's for the testing of raw material and finished products which enable the company to deliver quality products as per the specification of the clients.

G K P Printing & Packaging Ltd Directors Reports

Dear Shareholders,

Your Directors have pleasure in presenting the 2nd Annual Report together with the audited financial statements of accounts of the company for the year ended on 31st March, 2020.

The Board of Directors hereby submits the report of the business and operations of your Company ("the Company"), Audited Financial Statements, for the Financial Year ended on 31st March, 2020.

PARTICULARS 31.03.2020 (In Lakh) 31.03.2019 (In Lakh)
I. Net Sales/Income from Operations 2662.97 2458.55
II. Other Income 23.49 33.74
III. Total Revenue (I+II) 2686.46 2492.29
IV. Earnings Before Interest, Taxes, Depreciation and Amortization Expense 123.21 366.92
V. Finance Cost (2.18) (0.48)
VI. Depreciation and Amortization Expense (18.88) (9.43)
VII. Profit Before Tax 102.15 357.01
VIII. Tax Expenses
Less: Current Tax Expense 25.57 100.96
Less: MAT Credit
Less: MAT Credit Relating to prior years
Less: Current Tax Expense Relating to prior years
Less: Deferred Tax (Asset)/Liabilities 0.40 (1.64)
IX. Profit After Tax (VII-VIII) 76.18 257.69

• COMPANY'S PERFORMANCE

The Total Income from Operations (net) of the Company for the year under review is Rs. 2662.97 Lakh as compared to Rs. 2458.55 Lakh in the previous year. Profit after tax stood at Rs. 76.18 Lakh as compared to Profit after tax of Rs. 257.69 Lakh in the previous year.

In Accordance with section 136 of the Companies Act, 2013, the audited financial statements are available on www.gkpl.in. These documents will also be available for inspection during working hours at the registered office of your company at Mumbai, Maharashtra. Any member interested in obtaining such document may write to the Company Secretary and the same shall be furnished on request.

• DIVIDEND

For the financial year 2019-20, the Board of Directors deem it proper to preserve the resources of the Company for its activities and therefore, do not propose any dividend, in view of the planned business

growth.

• CAPITAL STRUCTURE

During the year under review, the following changes have taken place in the authorized & paid-up share capital of the Company:

o AUTHORIZED CAPITAL

The Authorized Share Capital of the Company is 8,00,00,000 (Rupees Eight Crore) divided into 80,00,000 (Eighty Lakh) Equity Share of Rs. 10/-each.

o ISSUED, SUBSCRIBED AND PAID UP

The Company, pursuant to Chapter IX of SEBI (ICDR) Regulations, 2018 (as amended), and in terms of Prospectus Dated 11th April 2019, offered 20,56,000 (Twenty lakh Fifty Six Thousand) equity shares of face value of 10/- each, at a premium of 22/- per equity share aggregating to Rs. 657.92 lakhs ("the Issue"), of which 1,04,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. 32/- per Equity Share including a Share Premium of Rs. 22/- per Equity Share aggregating to Rs. 33.28 lakhs was reserved for subscription by Market Maker to the issue (the "Market Maker Reservation Portion").

The IPO Issue opened on Tuesday, the 23rd April, 2019 and closed on Friday, the 26th April, 2019.

The Present paid up capital of the company is Rs. 73,329,440/- divided into 73, 32,944 Equity Shares of Rs. 10/- Each.

LISTING OF SHARES ON SME PLATFORM OF BSE LIMITED

The issue and allotment of equity shares in the capital of the Company was made on Friday, the 3rd May 2019. The designated Stock Exchange - Bombay Stock Exchange of India Limited, has approved, the listing and trading of equity shares in the capital of the Company, on its SME Platform namely BSE SME , effective Tuesday, the 8th May, 2019.

Your Directors place their sincere thanks to all the investors and the BSE, SEBI, Merchant Bankers and all the agencies for their guidance and support. The Company's equity shares are regularly being traded at the floor of the BSE SME Platform.

• Utilization of IPO & FPO:

Based upon the audit procedures performed and the information and explanations given by the management, the company had made an initial public offering (IPO) of 20,56,000 equity shares of face value of Rs.10 each fully paid up for cash at a price of Rs.32 per equity share (including share premium of Rs.22 per equity share) aggregating to Rs.65,792,000/- the aforementioned equity shares were allotted on 3rd May, 2019. The equity shares of the company got listed on BSE on 8th May, 2019.

The Proceeds from the IPO net off issues expenses is Rs. 587.92 Lakhs and utilization of the same as follows:

Sr. No. Particulars Planned as per Prospectus Utilization up to 31st March, 2020 Balance as at 31st March, 2020
1 Funding the working capital requirements of the company 441.00 441.00 -
2 General corporate purpose 146.92 146.92 -
TOTAL 587.92 587.92 -

• TRANSFER TO RESERVES

During the year under review the company has transferred Rs.76.18 /- Lakhs to the general reserves.

• PERFORMANCE REVIEW

Your Company has delivered considerable growth during the year. During the year the company has earned total income of Rs. 2686.46 Lakhs. The Company continues to operate only in one segment i.e. manufacturing and trading of Corrugated Boxes and there is no change in the nature of Business of the Company. After all the financial adjustments, the company has earned a net profit after tax of Rs. 76.18 Lakhs.

• THE ASSOCIATES/ JOINT VENTURE/ SUBSIDIARIES COMPANIES

The company does not have holding or subsidiary companies during the financial year 2019-20 as well as no other company has become holding / subsidiary/ joint venture therefore the financial statement is prepared on standalone basis and the requirement for disclosure in the Form AOC-1 is not applicable.

• MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF THE FINANCIAL YEAR

There have been no material changes and commitments, if any, affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the financial statements relate and the date of the report.

• SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE

During the year under review there has been no such significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company's operations in future.

• EXTRACT OF ANNUAL REPORT

The extract of the Annual Return in Form MGT -9 as required under section 92(3) of the Companies Act, 2013 read with the Companies (Management and Administration Rules), 2014 is enclosed as "Annexure - I".

Kindly take note that the Annual Return is available on the website of the Company after conclusion of the AGM in below link:

(Link: http://www.gkpl.in/Annual-return.html)

• CONVERSION OF ENERGY TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The information on Conversion of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo stipulated under section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, is annexed herewith as "Annexure II".

• BOARD OF DIRECTORS, THEIR MEETINGS AND KMPs:

o CONSTITUTE OF THE BOARD

The board of Directors are comprising of Total 5 Directors which includes 2 (Two) Independent and 2 (Two) Women directors and one Managing Director. The Chairman of the Board is Promoter and Managing Director. The Board members are highly qualified with the varied experience in the relevant field of the business activities of the Company, which plays significant roles for the business policy and decision-making process and provide guidance to the executive management to discharge their functions effectively

o BOARD INDEPENDENCE

Our definition of 'Independence' of Directors is derived from Regulation 16 of SEBI (LODR) Regulations, 2015 and Section 149(6) of the Companies Act, 2013. The Company is having following Independent Directors:

i. Mr. Vinay Tekriwal

ii. Mr. Ashok Mehta

As per provisions of the Companies Act, 2013, Independent Directors were appointed for a term of 5 (five) consecutive years and shall not be liable to retire by rotation.

o DECLARATION BY THE INDEPENDENT DIRECTORS

All the Independent Directors have given their declaration of Independence stating that they meet the criteria of independence as prescribed under section 149(6) of the Companies Act, 2013. Further that the Board is of the opinion that all the independent directors fulfill the criteria as laid down under the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015 during the year 2019-20.

o DIRECTORS LIABLE TO RETIRE BY ROTATION

In accordance with the provisions of the Companies Act, 2013 and in terms of the Articles of Association of the Company, Mrs. Payal Goradia (DIN: 08101269), Non-executive Director of the Company is liable to retire by rotation at ensuing Annual General Meeting and being eligible offers herself for re-appointment

o CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL

There was no change in the composition of Directors and Key Managerial Personnel during the Financial Year 2019-20.

Following are the Directors and KMP(s) in the Company:

I.Mr.Keval Harshad Goradia (DIN:07295358) Chairman and Managing Director
2. Ms. Pooja Goradia (DIN: 08101270) Whole Time Director & Chief Financial Officer
3. Mrs. Payal Keval Goradia (DIN: 08101269) Non-Executive Director
4. Mr. Vinay Kumar Tekriwal (DIN: 08282805) Independent Director
5. Mr. Ashok Mehta Independent Director
(DIN: 02789579)

o MEETINGS AND ATTENDANCE OF THE BOARD

During the Financial Year 2019-20, the Board of Directors of your Company met Nine times which were held on

10.04.2019, 15.04.2019, 06.05.2019,

15.06.2019, 31.08.2019, 27.09.2019,

14.11.2019, 04.01.2020, 09.03.2020

The details of attendance of each Director at Board Meetings held in the Financial Year and the Last Annual General Meeting are as under

DATES AND ATTENDANCE OF ALL DIRECTORS AT BOARD MEETING

NAME OF DIRECTORS AND ATTENDANCE AT THE MEETINGS

KEVAL GORADIA PAYAL GORADIA

POOJA GORADIA

VINAY TEKRIWAL ASHOK MEHTA
10.04.2019 YES YES

YES

-

-

15.04.2019 YES YES

YES

YES YES
06.05.2019 YES YES

YES

-

-

15.06.2019 YES YES

YES

-

-

31.08.2019 YES YES

YES

YES YES
27.09.2019 YES YES

YES

-

-

14.11.2019 YES YES

YES

YES YES
04.01.2020 YES YES

YES

-

-

09.03.2020 YES YES

YES

YES YES
TOTAL NO. OF BOARD

9

9

9

4

4

MEETING ATTENDED

o ANNUAL BOARD EVALUATION

As per the provisions of the Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, the formal annual evaluation was carried out for the Board's own performance, its committee & Individual directors.

The performance of the committees was evaluated by the Board after seeking inputs from the committee members based on the criteria such as the composition of committees, effectiveness of committee meetings, etc.

The Board and the Nomination and Remuneration Committee ("NRC") reviewed the performance of the Individual Directors on the basis of criteria such as the contribution of the individual Director to the Board and Committee meetings like

Preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, Code of conduct etc. In addition, the Chairman was also evaluated on the key aspect of his role.

In a separate meeting of independent Directors, performance of non-independent Directors, performance of the board as a whole and performance of the Chairman was evaluated.

The same was discussed in the Board meeting that followed the meeting of the Independent Directors, at which the performance of the Board, its committees and individual Directors was also discussed. Performance evaluation of Independent Director's was done by the entire Board, excluding the Independent Directors being evaluated.

o DIRECTORS' RESPONSIBILITY STATEMENT

In terms of section 134 Clause (c) of Sub-Section (3) of the Companies Act, 2013, in relation to financial statements for the year 2019-20, the Board of Directors state:

a) In the preparation of the annual accounts for the financial year ended 31st March, 2020, the applicable accounting standards have been followed;

b) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and profit and loss account of the Company for that period;

c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a going concern basis.

e) The Directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and are operating effectively.

f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

o APPOINTMENT OF DIRECTORS AND CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE

ATTRIBUTES, INDEPENDENCE OF A DIRECTOR

The NRC is responsible for developing competency requirements for the Board based on the industry and strategy of your Company. The NRC reviews and meets potential candidates, prior to recommending their nomination to the Board. At the time of appointment, specific requirements for the position, including expert knowledge expected, is communicated to the appointee. The NRC has formulated the criteria for determining qualifications, positive attributes and independence of Directors in terms of provisions of Section 178 (3) of the Act and the SEBI Listing Regulations, 2015 as stated under:

Independence: A Director will be considered as an 'Independent Director' if he / she meets with the criteria for 'Independence' as laid down in the Act, Regulation 16 of the SEBI Listing Regulations and the Governance Guidelines.

Competency: A transparent Board nomination process is in place that encourages diversity of thought, experience, knowledge, perspective, age and gender. It is ensured that the Board comprises a mix of members with different educational qualifications, knowledge and who possess adequate experience in banking and finance, accounting and taxation, economics, legal and regulatory matters, consumer industry, hospitality sector and other disciplines related to the company's businesses.

Additional Positive Attributes: The Directors should not have any other pecuniary relationship with your Company, its subsidiaries, associates or joint ventures and the Company's promoters, except as provided under law.

The Directors should maintain an arm's length relationship between themselves and the employees of the Company, as also with the directors and employees of its subsidiaries, associates, joint ventures, promoters and stakeholders for whom the relationship with these entities is material.

The Directors should not be the subject of proved allegations of illegal or unethical behavior, in their private or professional lives.

The Directors should have the ability to devote sufficient time to the affairs of your Company. o REMUNERATION POLICY

Your Company had adopted a Remuneration Policy for the Directors, KMP and other employees, pursuant to the provisions of the Act and the SEBI Listing Regulations.

The key principles governing your Company's Remuneration Policy are as follows:

y REMUNERATION TO MANAGING DIRECTOR/WHOLE-TIME DIRECTORS

a) The Remuneration/ Commission etc. to be paid to Managing Director / Whole-time Directors, etc. shall be governed as per provisions of the Companies Act, 2013 and rules made there under or any other enactment for the time being in force and the approvals obtained from the Members of the Company.

b) The Nomination and Remuneration Committee shall make such recommendations to the Board of Directors, as it may consider appropriate with regard to remuneration to Managing Director / Wholetime Directors.

y REMUNERATION TO NON-EXECUTIVE/INDEPENDENT DIRECTORS

a) The Non-Executive / Independent Directors may receive sitting fees and such other remuneration as permissible under the provisions of Companies Act, 2013. The amount of sitting fees shall be such as may be recommended by the Nomination and Remuneration Committee and approved by the Board of Directors.

b) All the remuneration of the Non- Executive / Independent Directors (excluding remuneration for attending meetings as prescribed under Section 197 (5) of the Companies Act, 2013) shall be subject to ceiling/ limits as provided under Companies Act, 2013 and rules made there under or any other enactment for the time being in force. The amount of such remuneration shall be such as may be recommended by the Nomination and Remuneration Committee and approved by the Board of Directors or shareholders, as the case may be.

c) An Independent Director shall not be eligible to get Stock Options and also shall not be eligible to participate in any share-based payment schemes of the Company.

d) Any remuneration paid to Non- Executive / Independent Directors for services rendered which are of professional in nature shall not be considered as part of the remuneration for the purposes of clause (b) above if the following conditions are satisfied:

• The Services are rendered by such Director in his capacity as the professional; and

• In the opinion of the Committee, the director possesses the requisite qualification for the practice of that profession.

y REMUNERATION TO KEY MANAGERIAL PERSONNEL, SENIOR MANAGEMENT AND OTHER EMPLOYEES

The remuneration to Key Managerial Personnel, Senior Management and other employee shall consist of fixed pay and incentive pay, in compliance with the provisions of the Companies Act, 2013 and in accordance with the Company's Policy.

• COMMITTEE OF THE BOARD

The Company has following committees:

A. AUDIT COMMITTEE:

The Company has constituted Audit Committee as per requirement of section 177 of the Companies Act 2013 and Regulation 18 of the SEBI (LODR) Regulations, 2015 vide resolution passed at the meeting of the Board of Directors held on January 19th, 2019. The terms of reference of Audit Committee are broadly in accordance with the provisions of SEBI (LODR) Regulations, 2015 and Companies Act, 2013. The Audit Committee comprises of the following Directors of the Company:

NAME OF THE DIRECTOR STATUS NATURE OF DIRECTORSHIP
Vinay Kumar Tekriwal Chairman Non-Executive & Independent Director
Ashok Maneklal Mehta Member Non-Executive & Independent Director
Payal Keval Goradia Member Non-Executive Director

B. NOMINATION & REMUNERATION COMMITTEE:

The company has constituted a Nomination & Remuneration Committee in accordance with section 178 of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The Nomination and Remuneration Committee comprises of the following Directors of the Company:

Name of the Director Status Nature of Directorship
Vinay Kumar Tekriwal Chairman Non-Executive and Independent Director
Ashok Maneklal Mehta Member Non-Executive and Independent Director
Payal Keval Goradia Member Non-Executive Director

C. STAKEHOLDER'S RELATIONSHIP COMMITTEE:

The Company has constituted a Stakeholders' Relationship Committee in accordance with section 178 of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The Committee considers and approves various requests regarding annual report and to redress complaints of the shareholders. The

Name of the Director Status Nature of Directorship
Vinay Kumar Tekriwal Chairman Non-Executive and Independent Director
Ashok Maneklal Mehta Member Non-Executive and Independent Director
Pooja Harshad Goradia Member Whole-time Director and CFO

Stakeholders' Relationship Committee comprises the following Directors:

o CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES

As the net profit of the company is lower than Rs. 5 Crore in the Financial Year 2019-20, the CSR Provisions does not apply in the financial year 2019-20.

o STATUTORY AUDITOR & AUDIT REPORT:

M/s Keyur Shah & Co., Chartered Accountants, an Auditors firm (FRN. 141173W) was appointed as Statutory auditors of the company in the 1st Annual General Meeting to hold office until the conclusion of 6th Annual General Meeting.. As per Rule 6(3) of the Companies (Audit and Auditors) Rules 2014, they are eligible to continue as the statutory auditors. They have confirmed that they are not disqualified from continuing as Auditors of the Company.

As required under Regulation 33(d) of the SEBI (LODR) Regulation, 2015, the auditor has confirmed that they hold a valid Peer Review certificate issued by the Peer Review Board of Institute of Chartered Accountants of India.

The Notes on financial statement referred to in the Auditors' Report are self-explanatory and do not call for any further comments. The Auditors' Report does not contain any qualification, reservation, adverse remark or disclaimer.

• INTERNAL AUDITOR

Pursuant to Section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014 (as amended), Company has appointed M/s Makwana Sweta & Associates as Internal Auditor of the Company

• COST AUDITOR

As per the requirement of the Central Government and pursuant to section 148 of the Companies Act, 2013, read with Companies (Cost Records and Audit) Rules, 2014 as amended from time to time, your company hereby confirms that the provisions of this section are not applicable, hence your company need not required to appoint Cost Auditor for the financial year 2019-20.

• SECRETARIAL AUDITOR

The Company has appointed M/s M R Bhatia & Co. to conduct the secretarial audit of the Company for the FY 2019-20, as required under section 204 of the Companies Act, 2013 and Rules made there under. The Secretarial Audit report for the FY 2019-20 is annexed to this report.

• DISCLOSURE FOR FRAUD AGAINST THE COMPANY

In terms of provision of section 134(3) (ca) of the Companies Act, 2013, There were no instances of fraud which are reported by Auditors of the Company under section 143(12) of the Companies Act, 2013 to the Audit Committee.

• CORPORATE GOVERNANCE

The Company being listed on the SME Platform of Bombay Stock Exchange of India Limited, therefore pursuant to Regulation 15(2)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Part C of Schedule V relating to compliance of Corporate Governance shall not applicable to the Company. Further, The Company need not require complying with requirements as specified in Part E of Schedule II pursuant to Regulation 27(1) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and submitting Compliance Report on Corporate Governance on quarterly basis pursuant to Regulation 27(2) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hence no Corporate Governance Report is required to be disclosed with Annual Report. It is pertinent to mention that the Company follows majority of the provisions of the corporate governance voluntarily as a part of Good Corporate Governance.

• INSURANCE

The Fixed Assets and Stocks of your Company are adequately insured. o INDUSTRIAL RELATIONS

During the year under review your Company enjoyed cordial relationship with workers and employees at all levels.

• CHANGE IN THE NATURE OF BUSINESS

During the year under review there is no change in the nature of the business and commercial activities of the company.

• DEPOSITS

The Company has not accepted any public deposit during the year under review and no amount against the same was outstanding at the end of the year.

• PREVENTION OF INSIDER TRADING

The provisions of Regulation 9(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 is applicable to the Company immediately upon the listing of its Equity Shares on the SME Platform of BSE Limited. We shall comply with the requirements of the SEBI (Prohibition of Insider Trading) Regulations, 2015 on listing of Equity Shares on stock exchanges. Further, Board of Directors at their meeting held on January 19th, 2019 have formulated and adopted the code of conduct to regulate, monitor and report trading by its employees and other connected persons.

The Code requires Trading Plan, pre-clearance for dealing in the Company's shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. However, there were no such instances in the Company during the year 2019-20.

• RISK MANAGEMENT

Your Company has an Internal Financial Control System commensurate with the size, scale and complexity of its operations. Your Company has adopted proper system of Internal Control and Risk Management to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition and that the transactions are authorized, recorded and reported quickly.

The Board of Directors of the Company and the Audit Committee shall periodically review and evaluate the risk management system of the Company so that the management controls the risks through properly defined network. Head of Departments shall be responsible for implementation of the risk management system as may be applicable to their respective areas of functioning and report to the Board and Audit Committee

The Company has not made Risk Management Committee, but the Board of Directors and Audit Committee is looking after the Risk Management of the Company.

• MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management discussion and perceptions on existing business, future outlook of the industry, future expansion and diversification plans of the Company and future course of action for the development of the Company are fully explained separately Annexure -III.

• PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013

During the financial year 2019-2020 ended 31 March 2020 under review, the Company has neither granted loan/s (secured or unsecured), provided guarantees or securities in connection with any loan/s availed by others nor made any investments pursuant to the provisions of Section186 the Companies Act, 2013 read with the Companies (Meetings of Board and its Powers) Rules, 2014 (as amended). As such, no specific details are required to be given or provided.

• INTERNAL CONTROL SYSTEMS

Your Company has in place an adequate system of internal controls. The effectiveness of internal controls is reviewed through the internal audit process. Reports of internal auditors are reviewed by management and Audit Committee of the Company from time to time and desired actions are initiated to strengthen the control and effectiveness of the system.

The focus of these reviews are as follows:

• Identify weaknesses and areas of improvement

• Compliance with defined policies and processes

• Safeguarding of tangible and intangible assets

• Management of business and operational risks

• Compliance with applicable statutes

• INTERNAL FINANCIAL CONTROL FOR FINANCIAL STATEMENTS

The Company has adequate system of internal controls commensuration with the size of its operation and business, to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition, and to ensure that all the business transactions are authorized, recorded and reported correctly and adequately.

The Company works in a dynamic business environment and adopts the appropriate internal financial controls, to establish reliability of financial reporting and the preparation of financial statements for external purposes, in accordance with the generally accepted accounting principles. It includes inducting and maintaining such business policies and procedures as may be required to successfully conduct the business of the company and maintain such records as to correctly record the business transaction, assets and liabilities of the company in such a way that they help in prevention & detection of frauds & errors and timely completion of the financial statements

• RATIO OF THE REMUNERATION OF EACH DIRECTOR TO THE MEDIAN EMPLOYEE'S REMUNERATION AND PARTICULARS OF EMPLOYEES:

Pursuant to provision of section 197 of Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the details of employees given in the "Annexure IV".

During the year, none of the employees received remuneration in excess of Rs. One Crore Two Lakhs or more per annum, or Rs. Eight Lakhs Fifty Thousand per month for the part of the year, in accordance with the provisions of Section 197 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Therefore, there is no information to disclose in terms of the provisions of the Companies Act, 2013.

• HUMAN RESOURCE

The Company believes that its "Human Resources" are key contributors for its Business Success. The Company focuses on attracting and retaining the best possible talent and looks for specific skill-sets, interests and background that would be an asset for the business.

The people management strategy is based on four key components: recruiting, training and development, compensation and retention. Further, the company has not experienced any strikes, work stoppages, labor disputes or actions by or with employees, and it has cordial relationship with all employees.

• RELATED PARTY TRANSACTION

All related party transactions that were entered during the financial year, were on the arm's length basis and were in the ordinary course of business and attract the provisions of section 188 of the Companies Act, 2013. Thus, disclosure in form AOC - 2 is given in the " Annexure V"

Though, you may refer to Related Party transactions, as per the Accounting Standards, in the Notes forming part of financial statements.

• INVESTORS EDUCATION AND PROTECTION FUND

During the financial year 2019-2020 ended 31 March 2020 under review, there were no amount/s which is required to be transferred to the Investor Education and Protection Fund by the Company. As such, no specific details are required to be given or provided.

• GREEN INITIATIVE

As the Act permits paperless compliances and as a measure of green initiative, we appeal to all those members who have not registered their e-mail addresses so far are requested to register their e-mail address in respect of electronic holding with their concerned Depository Participants and/or with the Company.

• REGISTRAR AND SHARE TRANSFER AGENT

The Company has appointed Link Intime India Private Limited as its Registrar and Share Transfer Agent. The Corporate Office of Link Intime India Private Limited situated at " C -101, 1st Floor, 247 Park, Lal Bahadur Shashtri Marg, Vikhroli (west), Mumbai-400083, Maharashtra.

• DEMATERIALISATION OF SECURITIES

The Company's Equity Shares are admitted in the system of Dematerialization by both the Depositories namely NSDL and CDSL. As on 31 March 2020, all equity shares dematerialized through depositories viz. National Securities Depository Limited and Central Depository Services (India) Limited, which represents whole 100% of the total issued, subscribed and paid-up capital of the Company as on that date. The ISIN allotted to your Company is INE05QJ01015

• ACKNOWLEDGEMENT

The Board of Directors acknowledges with gratitude for the co-operation and assistance received from Bombay Stock Exchange of India Limited (NSE), Securities Exchange Board of India (SEBI), Merchant Banker, Lead Manager, Underwriter and Market Maker, Auditors, Advisors & Consultants, other Intermediary service provider/s for successful accomplishment of the Company's maiden IPO. The Board of Directors also take this opportunity to extend its sincere thanks for co-operation and assistance received by the Company from the Central authorities, Bankers, Members, Customers Suppliers.

The Directors also record their appreciation of the dedication of all the employees at all levels for their support and commitment to ensure that the Company continues to grow.

Registered Office: For and on behalf of Board of Directors
Unit no. 14, Amrit Industrial Estate, G. K. P. Printing & Packaging Limited
Shop no. 45, CIN-U21012MH2018PLC307426
Dhumal Nagar Waliv IP-12025,
Palghar Thane,
Maharastra-401208
India
Keval Goradia
Date:- 04th September,2020 Managing Director & Chairman
Place:- Mumbai DIN No:- 07295358

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

• SPECIAL NOTE ON COVID-19 PANADEMIC

By mid of March 2020, the outbreak of Coronavirus (COVID-19) pandemic has been rapidly spreading throughout the world, including India causing significant disturbance and slowdown of economic activity. The Company has made committed efforts to support its business stakeholders, employees and service providers. The effect of Covid-19 on the Company is insignificant. The company's manufacturing facilities were shut down from 23rd March, 2020 for 22 days. Looking at current situation the company does not predict any significant effect of Covid-19 on profitability. The Company is continuously monitoring the situation and taking necessary actions in response to the developments, to minimize the impact on the business of the Company

• INDUSTRY STRUCTURE AND DEVELOPMENTS OVERVIEW

Corrugated boxes are made by assembling three layers of corrugated cardboard sheets. These sheets assist in trapping air between them which acts as a cushion for protecting the contents of the box. In comparison with other forms of packaging, corrugated boxes offer numerous advantageous properties which include strength, lightweight, flexibility, high durability and aesthetic value. Additionally, these boxes are environment-friendly in nature as they are manufactured without the use of any harmful chemicals and can be easily recycled.

Corrugated boxes are widely utilized in the packaging of food and beverages, chemicals, glassware and ceramics, paper, electronics, textiles, personal care and household products. The growth in these end use industries has propelled the demand for corrugated boxes worldwide. Moreover, the e-commerce industry is experiencing strong growth on account of the convenience offered by online shopping such as free shipping options, and hassle-free delivery and return policies. As online retailers use product-specific corrugated boxes to keep items safe from mechanical stress, it is positively influencing the market growth. Apart from this, in order to launch improved corrugated boxes, manufacturers are investing in research and development activities. They are also coming up with customized packaging to widen their consumer base. India Corrugated Box Market is expected to reach over INR 63,000 Crore by FY 2023.

• INDIA CORRUGATED MARKET SIZE AND OVERVIEW

India corrugated box industry is an inevitable part of manufacturing sector which rely heavily on corrugated packaging for finished goods transportation and handling. India corrugated box industry grew from at a CAGR of 23.3% in terms of revenue. Factors such as increasing demand from fresh food and beverages, home & personal care goods, electronic goods industries, logistics application, increasing consumer awareness towards sustainable packaging and growth of the e-commerce industry have propelled the growth of Indian corrugated boxes market.

• COMPETITIVE LANDSCAPE

India corrugated box market is highly fragmented with the presence of around 18,000 organized and unorganized players. There are no regulations in the market regarding the entry of the players and since it is a low capital intensive business so many new players are entering in the market.

• FUTURE OUTLOOK TO INDIA CORRUGATED BOX MARKET

India corrugated box industry is expected to increase at a CAGR of double digit CAGR in between the FY'2020 and FY'2025 in terms of revenue due to the elevating demand from the end user segment in order to store and transport their end products. Increasing the demand of safe and cushioned packaging of the product will augment the growth of India Corrugated box market. The procurement of latest technology machines from China, Taiwan and other Asian countries by manufacturers in order to make production fast and accurate will also drive the future of India corrugated box industry

• SEGMENT REVIEW AND ANALYSIS

The Company is engaged into production of Corrugated Boxes. Our product Corrugated boxes is mainly used in the packaging industry. Our customers 'decision to seek alternative technology coupled with the development of more alternatives and our inability to respond to these changes may adversely affect our business and results of operations. Our products are mainly sold to customers operating in FMCG, Garments, Liquor, etc. thus any slowdown in this sector may adversely affect our business operations. Our ability to anticipate changes in technology and to supply new and enhanced products successfully and on a timely basis will be a significant factor in our ability to grow and to remain competitive. In addition, our business, operations and prospects may be affected by various policies and statutory and regulatory requirements and developments that affect our customer's industry in India. In the event of a significant decline in the demand for our products, our business, results of operations and financial condition may be materially and adversely affected.

• COMPANY REVIEW

The manufacturing facility of The Company (LSL) is situated at unit no 14, Amrit Ind Est, s. no. 45, Dhumal Nagar Waliv IP-12025, Palghar Thane MH 401208 IN. The properties where our registered office, manufacturing facilities and Godowns are situated in Maharashtra & Gujarat are not owned by our company and the same have been taken on lease. The agreements are renewable on mutually agreed terms. In the event of the said agreements are not being renewed or in case we have to vacate the said premises then our business operations may be disturbed till the time we are able to locate to any new premises for undertaking our administrative activities. Furthermore, the lease agreements executed between the company and the parties are being effective from back dates of lease agreement documents dates. The rent agreements have a clause for the renewal of the same for a further period as may be mutually agreed among the parties after the expiry of the current period.

• ENVIRONMENT AND SAFETY

The need for environmentally clean and safe operations is company's key priority. The Company policy requires the conduct of all operations in such a manner so as to ensure the Safety of all concerned, compliance of statutory and industrial requirements for environment protection and conservation of natural resources to the extent possible.

• RISK AND AREAS OF CONCERN

We have no control on the prices of our basic raw material i.e. Kraft Paper and Duplex Paper. The prices of Kraft Paper and Duplex Paper could fluctuate due to availability and demand. In the recent past, there have been fluctuations in the prices of raw materials both at domestic and international levels. Such fluctuations in prices of raw material and our inability to negotiate at optimum market rates may affect our profitability. We typically do not enter into any long-term supply agreements with our suppliers and our major requirement is met in the spot market. We may be unable to control the factors affecting the price at which we procure our raw material. We also face the risks associated with compensating for or passing on such increase in our cost of production on account of such fluctuations in prices to our customers. Upward fluctuations in the prices of raw material may thereby affect our margins and profitability, resulting in a material adverse effect on our business, financial condition and results of operations.

• INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has implemented proper system for safeguarding the operations/ business of the Company, through which the assets are verified and frauds, errors are reduced and accounts, information connected to it are maintained such, so as to timely completion of the statements. The Company has adequate systems of Internal Controls commensurate with its size and operations to ensure orderly and efficient conduct of business. These controls ensure safeguarding of assets, reduction and detection of fraud and error, adequacy and completeness of the accounting records and timely preparation of reliable financial information.

The Audit Committee of Board of Directors reviews the efficiency and effectiveness of internal control systems and suggests the solution to improve and strengthen. The Internal control system were tested during the year and no material weakness in design or operation were observed.

The requirement of having internal auditor compulsory by statue in case of listed and other classes of companies as prescribed shall further strengthen the internal control measures of Company.

• DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The Company's Financial performance for the year ended 31st March, 2020 is summarized below:-

PARTICULARS 31.03.2020 (In Lakh) 31.03.2019 (In Lakh)
I. Net Sales/Income from Operations 2662.97 2458.55
II. Other Income 23.49 33.74
III. Total Revenue (I+II) 2686.46 2492.29
IV. Earnings Before Interest, Taxes, Depreciation and Amortization Expense 123.21 366.92
V. Finance Cost (2.18) (0.48)
VI. Depreciation and Amortization Expense (18.88) (9.43)
VII. Profit Before Tax 102.15 357.01
VIII. Tax Expenses
Less: Current Tax Expense 25.57 100.96
Less: MAT Credit
Less: MAT Credit Relating to prior years
Less: Current Tax Expense Relating to prior years
Less: Deferred Tax (Asset)/Liabilities 0.40 (1.64)
IX. Profit After Tax (VII-VIII) 76.18 257.69

• HUMAN RESOURCES AND INDUSTRIAL RELATION

The Company had cordial and harmonious industrial relations at all levels of organizations. The company believes that the industry has the tremendous potential to impact the society, nation and the world positively. Its employees are major stakeholders and their efforts have direct stake in the business prospectus of the organization. The employees have extended a very productive cooperation in the efforts of the management to carry the company to greater heights. The company considers employees as their biggest competitive advantages. The Company takes initiative like training and development for its people to increase the performance. The Company has taken various steps to improve and enhance skill of its people. The industrial relations remained cordial in our plant. The Company has continued to give special attention to human resources and overall development.

• CAUTIONARY STATEMENT

Certain Statement made in this report describing Company's Objective, Projects, estimates and expectations may be forward looking statement within the applicable laws and regulations. Actual results may differ from such expectations and forwards looking statement due to various risk and uncertainties. Several factors affecting company's operation like economic conditions affecting demand and supply, Government regulations and Tax Laws, Competitions prevailing at the relevant time, natural calamities etc. The Company assumes no responsibility to publicly amend, modify or revise any of these statements on the basis of any subsequent developments, information or events

• KEY FINANCIAL RATIO

The Key Financial Ratio during the financial year 2019-20 vis-a-vis Financial Year 2018-19 are as below:-

PARTICULARS 2019-2020 2018-2019
Debtors Turnover 2.24 3.14
Inventory Turnover 24.56 21.06
Current Ratio 4.66 3.17
Interest Coverage Ratio 47.86 745.75
Operating Profit Margin 9.36 17.94
Net Profit Margin 2.86 10.48
Return on Net Worth 3.63 22.79

   

G K P Printing & Packaging Ltd Company Background

Keval Harshad GoradiaKeval Harshad Goradia
Incorporation Year2018
Registered OfficeUnit No 14 Amrit Indl Estate,S No 45 Dhumal Nagar Waliv IP
Thane,Maharashtra-401208
Telephone91-99200 37770,Managing Director
Fax
Company SecretaryArushi Vinaya Lakhotia
AuditorKeyur Shah & Co
Face Value10
Market Lot4000
ListingBSE - SME,
RegistrarLink Intime India Pvt Ltd
C-101 247 Park ,L B S Marg ,Vikhroli West ,Mumbai-400083

G K P Printing & Packaging Ltd Company Management

Director NameDirector DesignationYear
Keval Harshad GoradiaChairman & Managing Director2020
Pooja Harshad GoradiaWhole Time Director & CFO2020
Payal Keval GoradiaNon Executive Director2020
Vinay Kumar TekriwalIndependent Director2020
Ashok Maneklal MehtaIndependent Director2020
Arushi Vinaya LakhotiaCompany Secretary2020

G K P Printing & Packaging Ltd Listing Information

G K P Printing & Packaging Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Products ManufacturingNA 00014.53932
Sale of Traded Goods NA 00010.04622

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