Perfectpac Ltd

BSE: 526435 | NSE:  | ISIN: INE759I01016 
Market Cap: [Rs.Cr.] 4.58 | Face Value: [Rs.] 10
Industry: Packaging

Director's Report

To the Members,

Your Directors present their 41st Annual Report and Audited Accounts of theCompany for the year ended 31st March, 2013.

(Rs. in lacs)
FINANCIAL RESULTS For the Year Ended For, the Year Ended
31.03.2013 31.3.2012
Net Sales/Income form operations 9726.90 9095.14
Other Income 106.31 38.90
Total Income 9833.21 9134.04
Profit before interest, depreciation and exceptional items 478.06 502.65 _
Less: Interest 262.11 201,54
Gross Profit 215.95 301.11
Less: Depreciation 189.03 164.85
Profit before exceptional items . 26.92 136.26
Less: Exceptional items -
Profit from ordinary activities before tax 26.92 136.26
Less: Provision for income tax -
Current Tax 5.25 26.00
Deferred tax 3.06 16.93
Income Tax related to previous year 2.77 0.05
MAT Credit Entitlement 5.25 -
Net profit from ordinary activities after tax 21.09 93.28
Extraordinary activities (net of tax expenses) -
Net profit/(Loss) 21.09 93.28
Add: Balance brought forward from previous year 643.80 555.17
664.89 "648.45
Dividend on Preference Shares 4.00 4.00
Corporate dividend tax 0.68 0.65
Balance carried to balance sheet 660.21 643.80
664.89 648.45
Earning per share (Rs.) 1.23 6.65


Due to overall dull economic conditions the operations of the Company for the periodunder review were adversely affected resulting in sharp drop in profitability. Though theturnover has increased of from Rs. 90.95 Crore to Rs. 97.27 Crore, there was nogrowth inhales volumes. This coupled with sharp increase in Power, Fuel and Interest costsled to significant drop in the net profit after tax from Rs.93.28 lacs to Rs.2l .09 lacs.-

During the current year, the sluggish economic conditions and pricing pressurescontinue to prevail, adversely affecting the working of the Company. The Management ismaking vigorous efforts to counter these factors and improve the working of the Company.


The Company paid an interim dividend @ 8% on 50000 Cumulative Redeemable PreferenceShares of Rs.100/- each, for the period from April 1, 2012 to March 31, 2013 declared bythe Board of Directors.

No dividend has been recommended by the board on Equity. Shares in view of the need toconserve financial resources.


Shri S L Keswani retires by rotation and being eligible offer himself forre-appointment.

Shri T N Chaturvedi resigned from the Board of the Company with effect from 07.05.2013.Your Directors place on record their deep appreciation of the extensive and valuablecontribution made by Shri T.N Chaturvedi during his long association with the Company.


The comments in the Auditors' Report read with the Notes on Accounts are selfexplanatory and therefore do-not call for any further explanation.


M/s Jagdish Sapra & Co., Auditors of the Company retire at the forthcoming AnnualGeneral Meeting and being eligible offer themselves for re-appointment.


The Company has not invited any deposits from public during the year under theCompanies (Acceptance of Deposits) Rules, 1975.


No employee has been paid a remuneration exceeding Rs.60,00,000/- in a year orRs.5,00,000/- in a month during the year under review which require disclosure underSection 217 (2A) of the Companies Act, 1956.


Pursuant to the requirement of Section 217(2AA) of the Companies Act, 1956 the Board ofDirectors hereby state:

That in the preparation of the annual accounts, the applicable accounting standards hadbeen followed along with proper explanation relating to material departures.

That the Directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state, of affairs of the Company at the end of the financial year and ofthe profit or loss of the Company for that period.

That the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of this Act for safeguardingthe assets of the Company and for preventing and detecting fraud and other irregularities.

That the Directors have prepared the annual accounts on a going concern basis.


As required Under Section 217(1)(e) of the Companies Act, 1956 read with Rule 2 of theCompanies (Disclosure of particulars in the Report of Board of Directors) Rules 1988, theparticulars relating to conservation of energy, technology absorption and foreign exchangeearnings and outgo are annexed.


Yours Directors wish to place on record their appreciation for the support andco-operation which the Company continues to receive from it's valued Customers, GovernmentAuthorities, Bankers, the Members of the Company and its Employees.

By Order of the Board
for Perfectpac Limited
DATED: August 13, 2013 Chairman




The company is taking concentrated steps to optimize use of energy and reduce theconsumption per unit of production. The steps include air looping and auto drain valveinstalled on compressed air reservoir.


The Company is continuously analyzing recurring quality problems to reduce processingcost and improvement in product performance. As a result of the above R&D, losses dueto quality problems were reduced.


2012-13 2011-12
Earnings 14,25,112 42,99,061
Outgo 10,97,24,105 5,80,36,146



1. Company's philosophy on Code of Governance

The Company strongly believes in fair, efficient and transparent business operations,fairness to all stakeholders in the Company, proper disclosure of relevant financial andnon-financial information and enhancing shareholder value on a continuing basis.

2. Board of Directors

As on March 31,2013, the Board is comprised of 4 Members. The composition of the Boardof Directors meets with the requirements of Listing Agreement. None of the Directors onthe Board is a member of more than 10 committees and Chairman of more than 5 committeesacross all the companies in which they are Directors.

During the year 2012-13 four Board meetings were held on 30.05.2012, 14.08.2012,09.11.2012, 11.02.2013. '

The composition of the Board of Directors and the attendance at the Board meetingduring the year are as under: -

St Name of the Director* Category of Directors

No. of Board Meeting*

No. of Director Ship* In other public campanile*


last AGM Attended
Held Attended Membership* Chairman-Ship*
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Shri R K Rajgarhia Chairman Non Executive & Non Independent 4 4 4 2 No
2 Shri S L Keswani Nonexecutive & Independent 4 4 6 1 Yes
3 Shri T N Chaturvedi Non Executive & Independent 4 4 6 4 6 No
4 Shri Sanjay Rajgarhia Managing Director 4 4 1 1 1 Yes

The non-executive directors, except Shri R K Rajgarhia do not have any materialpecuniary relationship with the company. Shri R K Rajgarhia's pecuniary relationship tothe company is limited to the extent of his shareholding in it and the sitting feesreceived by him. He may also be deemed to have some pecuniary interest with respect totransactions of sale and purchase of materials with the Companies in which he is adirector, brief details of which are disclosed in the notes to the financial statementsunder the head "related party disclosures" under Schedule of the Annual Report.

Shareholding of non-executive directors in the company as on the date of report is: NIL

3. Managerial/Directors' Remuneration

The non-executive directors are paid sitting fees for the Board meetings attended bythem. The nonexecutive directors are not paid remuneration in any other form.

The detail of remuneration paid to the Managing Directors during 2012-13 is as under:-

Name of the Directors Salary Perquisites and other Benefits Total
1 Shri Sanjay Rajgarhia 15,00,000 14,31,425 29,31,425

The details of sitting fee paid to the other Directors during 2012 - 2013 are asunder:-

Name of the Directors Sitting Fee Total
1 Shri R K Rajgarhia 20,000 20,000
2 Shri S L Keswani 20,000 20,000
3 Shri T N Chaturvedi, 20,000 20,000

4. Shareholders/Investors Grievance Committee

The Shareholders/Investors Grievance Committee of Directors is headed by Shri SanjayRajgarhia, Promoter, Executive & Non Independent Director. The other members of theCommittee are Shri S L Keswani and Shri Anil Mehta.

Name, designation and address of Compliance Officer:-

Shri Anil Mehta

Perfectpac Limited

910-Chiranjiv Tower

43-Nehru Piace

New DelhMIO 019

Ph No. 011-26441015-16-17

Fax N0.011-26441018

2 Shareholders' complaints were received during the year 2012-2013 and all of them havebeen resolved. s

There were no pending share transfers as on 31.03.2013.

5. General Body Meeting ,

Location and time, where last three Annual General Meetings were held and particularsof special resolution, if any are as under.

Year Location date Time
2012 New Delhi YMCA Tourist Hostel, Jal Singh Road, New Delhi-110021 27.09.2012 11.30 A.M.
2011 Vishwa Yuvak Kertdra, Opp. Police Station, Chanakyapuri, New Delhi-110021 28.09.2011 11.30*.M.
2010 Vishwa Yuvak'Kendra, Opp. Police Station, Chanakyapuri, New Delhi-110021 22.09.2010 11.30 A.M.

No resolutions have been put through postal ballot so far. Similarly, there are noresolutions, Which are required to be put through postal ballot at this Annual GeneralMeeting.

6. Code of Conduct

The company has formulated and implemented a Code of Conduct for Board Members andsenior management of the company. Requisite annual affirmations of compliance with therespective Codes have been made by the Directors and Senior Management of the company.

7. CEO/CFO Certification

Shri Sanjay Rajgarhia,. Managing Director has given the above certificate pertaining tofinancial year 2012 - 13 to the Board of Directors which was taken note of at the Boardmeeting.

8. Disclosures

There are no materially significant related party transactions, which may havepotential conflict with the interests of the Company at large.

The company's financial statements are prepared as per the Accounting Standards and theaccounting principles generally accepted in India.

The risk assessment and minimization is an on going process within the company. Thecompany has laid down the procedures to inform Board members about the risk assessment andminimization procedures. The audit committee/board reviews the risk assessment and controlprocess in the company periodically.

There have been no penalties/strictures imposed on the Company by Stock Exchange(s) orSEBI or any other statutory authority for non-compliance of any matter relating to capitalmarkets, during the last three years.

There is no pecuniary relationship or transaction with the Non-Executive independentDirectors.

9. Compliance with mandatory/Non-mandatory Requirements

The company has complied with alt the applicable mandatory requirements given in thelisting agreement.

10. Means of Communication

The quarterly Financial Statements are normally published in The Financial Express andHail Bhoomi (Delhi Edition).

11. General Shareholder Information A. Annual General Meeting: -

Date 27th September 2013 (Friday)
Time 03.30 P.M.
Venue Bipin Chandra Pal Memorial Bhavan, A-81, Chittaranjan Park, New Delhi-110019


B. Financial Calendar for 2013 - 2014
Adoption of Quarterly Results Ended In the month of
30th June, 2013 August 13, 2013
30th September, 2013 November 14, 2013
31st December, 2013 February 13, 2014
31st March, 2013 (Audited Annual Accounts) May 15, 2014 (May 30, 2014)

C. Date of Book Closure

From 24th September, 2013 to 27th September 2013 (both days inclusive).

D. Listing on Stock Exchange at: -

Scrip Code
Bombay Stock Exchange Limited 526435
The Calcutta Stock Exchange Ltd. 26097,

The Listing fees for the year 2012, - 2013 have been paid to the above Stock Exchange.Demat ISIN No. in NSDL and CDSL for equity shares INE-750101016 E.

Shareholding Pattern of the Company as on 31" March 2013.

Category No. of Shares Held %age of share-holding
a) Promoters/persons acting in concern 913801 68.61
b) Banks, Financial Institutions, Insurance Companies 886 0.07
e)~ NRIs/OCBs 70 0.01
d) Other Corporate bodies 18092 1.36
e) Indian Public 399051 29.95
Total 1331900 100.00

F. Distribution of shareholding as on 31 * March, 2013




No. of shares Number % to Total Holders Number % to Total Capital
Upto 500 2"435 95.53 230580 17.31
501 1000 71 2.78 52421 3.94
1001 2000 20 0.78 27728 2.08
2001 3000 4 0.16 9868 0.74
3001 4000 4 0.16 13990 1.05
4001 5000 2 0.08 8800 0.66
5001 10000 4 0.16 21134 1.59
10001 And above 9 0.35 967379 72.63
Total 2549 100.00 1331900 100.00

G. Share Transfer System

Share transfers in physical form are registered by the Registrars and returned to therespective transferees within a period ranging from two to three weeks, provided thedocuments lodged with the Registrars/ Company are complete in all respects.

H. Dematerialization of shares

The Company has arrangements with both National Securities Depository Limited (NSOL)and Central Depository Services Limited (CDSL).

I. Share Dematerialized record

The following data indicates the extent of dematerialization of Company's shares as on31 * March, 2013.

No. of shares dematerialized 1036039 77.79% of the total share capital
No. of shareholders in D-mat Form 568 22.28% of the total No. of shareholders


J. Market Share Price Data (Rs.)

Bombay Stock Exchange Limited

High Low
April 2012 45.95 40.95
May 2012 46.85 44.95
June 2012 51.60 29.60
July 2012 33.60 28.20
August 2012 . 31.00 27.10
September 2012 30.90 25.60
October 2012 37.45 32.40
November 2012 52.15 38.15
December 2012 47.10 40.90
January 2013 46.90 45.90
February 2013 60.00 45.75
March 2013 57.50 51.95

K. Plant Location of the Company

1. Plot No. 134, Sector-24, Faridabad (Haryana)-121005 Tel. : 0129-2233223, 2234264

Fax : 0129-2230014


2. Plot No.1B/1C, Udyog Vihar, Greater Noida (U. P.)-201306 Telfax : 0120-4296392


L Investors' Correspondence

Shareholders can make correspondence at the following addresses both for Demat andPhysical transfer work and other grievances, if any :

1. Registered Office Perfectpac Limited 910-Chiranjiv Tower, 43-Nehru Place NewDelhi-110019

Tel. : 011-26441015-17, Fax : 011-26441018 E-mail:

2. Registrars and Share Transfer Agent

M/s Skyline Financial Services Pvt. Limited

D-153A, 1st Floor

Okhla Industrial Area, Phase-I

New Delhi-110 020

Tel : 011-26812682-83, Fax: 011-30857562 E-mail:

By Order of the Board
for Perfectpac Limited
DATED: August 13, 2013 Chairman
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Key Information

Key Executives:

R K Rajgarhia , Chairman

S L Keswani , Director

Sanjay Rajgarhia , Managing Director

Company Head Office / Quarters:

910 Chiranjiv Tower,
43 Nehru Place,
New Delhi,
New Delhi-110019
Phone : New Delhi-91-11-26441015/16/17/18/19/20/21 / New Delhi-
Fax : New Delhi-91-11-26441018 / New Delhi-
E-mail :
Web :


Skyline Financial Services Pvt
D-153/A 1st Flr ,Okhla Industrial Are,Phase-I ,New Delhi-110020

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