Premier Polyfilm Ltd. — Earnings Release 2020

Aug 9, 2019

	***********************************************************************
*	PREMIER POL YFILM L TO.	*
*	305, THIRD FLOOR, ELITE HOUSE,36,COMMUNITY CENTRE,	*
		*
		*
		*
		*
		*
*	· KAILASH COLONY EXT. (ZAMROODPUR)NEW DELHI 110 048CIN NO. L25209DL1992PLC049590Phone 011-29246481Email : compliance.officer@premierpoly.com, Website :www.premierpoly.com***********************************************************************

PPL/SECT/2019-20 09/08/2019

BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LTD

'\

SUBJECT: OUTCOME OF THE BOARD MEETING HELD ON 09TH AUGUST,2019 REGARDING COMPANY CODE: NSE: PREMIERPOL, BSE 514354

Dear Sir/Madam,

Further to our letter ~17TH .July,2019 intimating about Board Meeting to consider and approve Standalone Unaudited Financial Results of the company for the quarter ended 30th June,2019, we wish to inform you that the Board of Directors of the Company in its Meeting held today i.e. 09th August,2019 has considered and approved the Standalone Un-audited Financial Results for the quarter ended 30th .June,2019. The Auditors have also carried out a limited review of the Standalone Un-audited Financial Results for the quarter ended 30th .June,2019. A copy of each of Standalone Un-audited Financial Results and limited review certificate for the quarter ended 30th .June,2019 is attached.

The above said Meeting commenced at 11.30 A.M. and was terminated at 14.30 Hrs.

This is for your information and records.

Thanking you,

Yours faithf..-lly, For PREMIER POLYFILM LTD.,

/ft. HANDARI cfPNY SECRETARY

Enclosed : As above

		Regd.Office: 305, III Floor, Elite House, 36 ,Community Centre, Kailash Colony Extn., Zamroodpur, New Delhi -110048.CIN NO. L25209DL1992PLC049590, Phone: 011-29246481, Email: premierpoly@premierpoly.com	PREMIER POLYFILM LTD.
			STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE,2019Figures: Rupees in Lakhs)
		Particulars	Quarter ended	Quarter ended	Quarter ende	Year ended
			30/06/2019	31/03/2019	30/06/2018	31/03/2019
		(Refer Notes Below)	Unaudited	Audited	Unaudited	Audited
1		Revenue from Operations
		Revenue from Operations (Inclusive of GST)	4,038	4,774	3,863	17,127
		Other Operating Income	41	20	38	167
		Total Income from operations	4,079	4,794	3,901	17,294
		Other Income			$\mathbf o$
		TOTAL INCOME	4,079	4,794	3,901	17,294
$\overline{\mathbf{z}}$		EXPENSES
		(a) Cost of materials consumed	2,435	2,536	2,250	9,981
		(b) Purchases of stock-in -trade	32	51	85	392
		( c) Change in inventories of finished goods, work-in -progress and stcok-	(4)	170	59	(15)
		in-trade
		(d) Employee benefits expense	385	359	344	1,426
	(e)	Finance Costs	65	83	73	312
	(f)	Depreciation and amortisation expense	87	100	76	344
	(g)	GST	482	600	474	2,082
	h)	Other Expenses (Any item exceeding 10% of the total expenses	494	604	484	2,153
		realting to continuing operations to be shown separately)
		TOTAL EXPENSES	3,976	4,503	3,845	16,675
з		Total Profit before Exceptional Items & Tax	103	291	56	619
4		Exceptional Items		$\blacksquare$	$\mathbf o$	٠
5		Profit before Tax	103	291	56$\epsilon$	619
6		Tax Expenses
		(a) Current Tax	23	75	15	157
		л¢(b) Deferred Tax		16	$\bullet$	16
7		Total tax expenses	23	91	15	173
8		Net movement in regulatory deferred account balances related to		$\bullet$	$\bullet$
		profit or loss and the related defrred tax movement
9		Profit for the period from continuing Operations	80	200	41	446
10		Profit for the period from discontinued Operations			$\blacksquare$	$\bullet$
11		Tax Expesnses of dicontinued Operations		٠		٠
1213		Profit from discontinued Opertions after tax	$\bullet$80	۰200	۰	٠
14		Profit for the periodShare of Profit of associates	٠	$\blacksquare$	41٠	446٠
15		Consolidated Net Profit for the period	80	200	41	446
16		Other comprehencsive Income	(2)	26	(4)	16
17		Total Comprehencive Income	78	226	37	462
		Total Profit or Loss, attributable to	٠	$\blacksquare$
18		Profit or Loss, attributable to owners of parent	٠	$\bullet$	$\blacksquare$
19		Total profit attributable to non controlling interest	٠	$\blacksquare$	٠	$\blacksquare$
20		Total comprehensive Income for the period attributable to	78	226	37	462
		Comprehencsive Income for the period attributable to owners of pare	۰	۰.	$\blacksquare$
21		Total Comrehensive Income for the period attriutable to owners ofparent non contrilling Interest	$\qquad \qquad \blacksquare$		$\blacksquare$
		DETAILS OF EQUITY SHARE CAPITAL
22
23		Paid-up Equity Share capital (in Lakhs)	1,059	1,059	1059	1,059
24		Face Value	5	5	5	5
25		Reserve excluding revalution Reserves (as per last year)	3,106	2,770	2,723	2,770
26		EARNING PER SHARE
		Earning per equity share for continuing operations
27		(a) Basic EPS for continuing Operations	0.38	0.95	0.20	2.13
		(b) Dilutes EPS for contining Operations	0.38	0.95	0.20	2.13
		Earning per equity share for discontinued operations
		(c) Basic EPS for discontinuied Operations	٠	$\bullet$
		(d) Dilutes EPS for discontinued Operations				$\blacksquare$
			۰
28		Earning per equity share
		(e) Basic EPS for continued and discontinuied Operations	0.38	0.95	0.20	2.13
29	(f)	Dilutes EPS for continued and discontinuied OperationsDebt Equity Ratio	0.380.57	0.95	0.20	2.130.61
30		Debt Service coverage Ratio (DSCR)	1.61	0.612.91	0.711.31	1.98
31		Interest Servcie Coverage Ratio (ISCR)	2.58	5.27	1.77	3.21
32		Disclosure of noted on financial results

The above Standalone Unaudited Results have been reviewd by the Audit Committee and approved by the Board of Directors at their Meeting held on 09-08-2019. $\mathbf 1$

$\mathbf{z}$ Regrouping has been done wherever considered necessary.

$\mathbf{3}$ The Company is mainly engaged in manufacturing and sale of Flexible PVC Flooring, Film and Sheets. Hence the

Pax 296

Operations of the company are considered as a single business product. Segement reportlnq,,! not applicable. Figures for the previous period have been regruoped/re-classlflfed to conform to the figures o .. e current period. For PREMIER POL YFILM LTD.

Place : New Delhi Date: 09-08-2019

AMAR NATH GOENKA MANAGING DIRECTOR • DIN 00061051

--- L.

/ MARS & ASSOCIATES Chartered Accountanh

T -2319, Second Floor, Faiz Road Karol Bagh, Delhi-110005 E-Mail: marsandassociates@gmai l. cOtT Web: www.marsinindia.com Tel: 011-451 37378

LIMITED REVIEW REPORT ON STANDALONE FINANCIAL RESULTS FOR

THE QUARTER ENDED 30TH JUNE, 2019

PREMIER POL YFILM LIMITED

We have reviewed the accompanying statement of Unaudited Financial Results of PREMIER POL YFILM LIMITED ("the Company") for the quarter ended 30th June, 2019 {"the Statement"), being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulation, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5th July 2016. The Standalone Financial Statement which is the responsibility of the Company's Management and approved by the Board of Directors, which has been prepared in accordance with the recognition and measurerYient principles laid down in the Indian Accounting Standard 34"1nterim Financial Reporting"(lnd AS 34), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "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 financial results are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of standalone financial results, prepared in accordance with applicable accounting standards i.e. lnd-AS prescribed under section 133 of teh Companies Act, 2013 and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as modified by SEBI Circular dated 5th July 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For M A R S & Associates Chartered Accot.JRHtf'K4it..

New Delhi, August 09, 2019

	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE,2019
				Figures : Rupees in Lakhs)
	Particulars	guarter ended	Quarter ended	Quarter ended	Year ended 31/03/2016
		30/06/2019	31/03/2019	30/06/2018	31/03/2019
	(Refer Notes Below)	Unaudited	Audited	Unaudited	Audited
1	Revenue from Operations			3,863	17,127
	Revenue from Operations (Inclusive of GST)	4,038	4,774
	Other Operating Income	41	20	38	167
	Total Income from operations	4,07S	4,794	3,901	17,294
	Other Income			0
	TOTAL INCOME	4,079	4,794	3,901	17,294
	EXPENSES
2	(a) Cost of materials consumed	2,435	2,536	2,250	9 ,981
				85
	(b) Purchases of stock-In ·trade	32	51	59	392 I
	(c) Change In Inventories of finished iooda, wor*-in progress and atcok·in-	(4)	170		(15) 1
	trade
	(d) Employee benefits expense	385	359	344	1,426
	(e) Finance Costa	65	83	73	312
	(f) Depreciation and amortisation expense	87	100	76	344
	(g) GST	482	600	474	2,082
	h) Other Expenses (Any item exceeding 10% of the total expenses	494	604	484	2,153
	realting to continuing operations to be shown separately)
	TOTAL EXPENSES	3,976	4,503	3,845	16,675
3	Total Pf'ofit before Exceptional Ite ms & Tax	103	291	56	619
4	Exceptional Items		-	0
5	Profit before Tax	103	291	56	619
6	Tax Expenses
	(a) Current Tax	23	75	15	157
	(b) Deferred Tax		16	0	16
7	Total tax expenses	23	91	15	173
	Net movement In regulatory deferred account balances related to profit			0
8	or loss and the related defrntd tax •ovement	-
9	Profit for the period from conttnui"8 Operetlona	80	200	41	446
10	Profit for the period from dlsc_l_ed Operations
11 '	Tax Expeansea of dicontinued Operations			-
12	Profit from dlsc-lnued 0per1iona lifter tax	-	-
13	Profit for the period	80	200	41	446
14	Share of Profit of associates
15	Profit for the periodConsolidated -	80	200	41	446
16	Other comp calve Income	(2)	26	(4)	16
17	Total Comprehenclve Income	78	226	37	462
	Total Profit or Lo , attributable to	-
18	Profit or Loaa,ettrlbutable to ownera of parent	-	-	-
19	Total profit attributable to non controlling Interest
20	Total comptlenslve Income for the period attributable to	78	226	37	462
	Comprehancaive Income for the period attributable to owners of parent	-		-
	Tote• Comrehenslve Income for the period ettrlutable to owners of
21	parent non contrilli"8 Interest	-
	DETAILS OF EQUITY SHARE CAPITAL
22
23	Paid-up Equity Share capital (In Laldus)	1,059	1,059	1059	1,059
24	Face Value	5	5	5
25	Reserve excluding revalutlon R-rvea (aa per last year)	3,106	2,770	2,723	2,770
26	EARNING PER SHARE
	Eeming per equity share for continuing operations
	27 (a) Basic EPS for continuing Operations	0.38	0.95	0.20	2.13
	(b) Dilutes EPS for contining Operations	0.38	0.95	0.20	2.13
	Eemlng per equity share for discontinued operations
	(c) Beale EPS for disc-lnuied Operetlons		-	-
	(d) Dilutes EPS for discontinued Operations		-
28	Eemi"8 per equity share
	I (a) Basic EPS for continued and dlscontinuied 0Derations	0.38	0.95	0.20	2.1 3
	(f) Dilutes EPS for continued and dlscontlnuied Operations	0.38	0.95	0.20	2.13
29	Debt Equity Ratio	0.57	0.61	0.71	0.61
30	Debt Service coverage Ratio (DSCR)	1.61	2.91	1.31	1.98
31	Interest Servcie Coverage Ratio (ISCR)	2.58	5.27	1.77	_3.21
32	Disclosure of noted on financial resultsNotes:				/_L ur>ti

2 Regrouping has been done wherever considered necessary. · ~""& ~<{;

3 The Company is mainly engaged In manufacturing and sale of Flexible PVC Flooring, Film and Sheets. Hen~ ~~ - .

" Operations of the company are considered as a single business product. Segement reporting is not applicable. Figures for the previous period have been regruoped/re-classififed to conform to the figures of the current period.

$\overline{\mathbf{4}}$

rk.

$126696$