FLEX FOODS LIMITED

305. Third Floor. Bhanot Corner, Pamposh Enclave, Greater Kailash-I,

~ e w
Delhi-110 0.48 Tel.: 2644 0917,26& 0925. Fax : 2621 6922
SVchvlc : n~vw.0e\fuudrltd.ron1
E-mail : nexsrc@~ml.nrlCIN : L15133UR1990PLC023970

November 24,20 16
BSE Limited
Corporate Relationship Department
Is' Floor, New Trading Ring
Rotunda Building
P.J. Towers, Dalal Street
Fort
Mumbai - 400001
Re : 1) Unaudited Financial Results
2) Limited Review Reoort
Dear Sir,
Pursuant to Regulation 33 of SEBl (Listing Obligations and Disclosure Requirements)
Regulations, 2015, enclosed please find herewith the following:
1)

Unaudited Financial Results for the quarter & six months ended 30' September,
2016 alongwith statement of assets & liabilities as at 30'~September, 2016, which
have been approved and taken on record at the meeting of the Board of Directors of
the Company held on 24&November, 2016.

2)

Limited Review Report of the Auditors of the Company in respect of the Unaudited
Financial Results for the quarter & six months ended 30Ih September, 2016.

Thanking you,
Yours faithfully,
For FLEX FOODS LIMITED

(R"~s~

DHEER)
Company Secretary
Encl. : As above.

Regd. Office : Lal Tappar Industrial Area. P. 0. - Resharn Majri, Haridwar Road, Dehradun (Uttarakhand)
Tel.: 0135-2499262,0135- 2499234, Fax : 0135-2499235

IsFOODS uMITED
~ ~ A Q D I T EFINANCIAL
O
RESULTS

fen_h.PUQBU@BJEB M B 4 4
(Rs k Lass)

Half Yr. Ended

bsome fmm operatwns

a) Net Sales( ins-mm o p s r s l l ~ ~
b) Om-Ung
income
Tom1hcome fmm operations (net)

E x p m
(a) Ceslof material* consumed

(b) Purcha6~ofStock+n t n d e
(c) Change$ in inwenton- of finished gwaa, wo~-ln.pmgmss and stock-m Vede

212

Id) Emplayees8ensnt Expense

3 a

(el Daprec(amn m d amommenexpenre

103

Ifl Power& Fuel

288

rn

(9) O m w s i m ~ r

rn

Total expenses
3

Pmflt fmm opentlon, Wore other ins-,

Othsrlncms
Profltfrom ~mmaryrtlivitbr bofom nnanrecost a excwtronsl items l 3 r q

Rnanoe Cost

Pmnl fmm ominen/ aohvlues aiter finance Cost W l bMme sxce@onal Items 166)

rmancerost B e~cgptranalstwas (1-2)

Exceptmnalu~1~

Prom I ( ~ - j from o ~ m a r y a ~ l ~ v r t lb@

efe
sre tax ( T 8 )

10

Ta)iexp~po
Nn prom 1 ( L-sl

13
14

othsr romprehenslue Income, nst of inconre tar

16

TOW c~mpmsnswesrome, n a t g t r n ~ m s t e x ( l l l 4 )

16

Paid-up e4ulWoharo c~pitat(FactValue R8 101

17

Reswve. srclualne reualuatwn rarmes a r pet Balrnee Sheelof pnviov,accouming

15 i

Eqmlns per share (before extraordinaiy i m s ) cd Rs. 10 (m Rs I(not apnustird)

a)
wris
b)
Dlluled

18 II

Eamlns psraharelafleraxtmornfnaryltme)gt Rs 10 (m R r l ( n annuaibsd)

~
Baste
bl
Dtlvled

1)

zoo

Ifom ornmrryaetivlhss after lax (9-70)

ErVawJlnsry ltwm ( net a1tn erpsnssl

Nst pronu (L9s.s) for the panod (11-12)

12

58

238
96

9
11

2211

year

Half Yr. EnaM

xLB2&E

Year Ended

FrEX FOODS -1MlTEQ

UNAUDITED FIhbhC!A- R
-E
W P T O THE aU&RTER U)W,2016

(Xr

~nasd

W.WB
I

h l f Yr. Ended

JO.W.M16

naif VI ~ n - d

v.ar End.d

&lmLOjP

lQ&9..2%

T M company nas adopted IND AS with *I

hom 7u Apnl 2016 wMh commratlres b~.np~ U t e d .The r e u l e mlt.in8ng 10 the relowant prioasof eannr Y M R are IND AS complisnt 01.1 not sub.ect.a
m hmlfed rev- or audh
H o w l e r the management has axers1s.d necessary due alllaencs UI s n u n UwltM finsmlal r-1%
pmrloc m e am law view 01 i(r f l a i e . Further the itatemcnt 01 rocansdmnon be-n
the pmflt and w m beIhD AS and
P~I:OY% Indian GDAPfw the sadler psrsmr -ntd
and as at31.1 Marsh ?Ole 0% phon hamunder

Ph Mded

nl) ~ s & l
Tom1 6 )

HallYr Ended

&lK!as

Year EMM

amy&g$

Resew
RKO~IIUUOQ

a3 proposed DSoldena a tar thew an

Net Pmm b s m n OCI

IReserves as pw IND
AS ( ~ b l
2

Ssgmantnprbng IS mtappllrsbls

Pmvisrm far wmcm18 dsfsnad tax Is based m UwpraRls tor the nspeotnrs p e w d s

Flsures tor P ~ ~ W I Oyear

U S Ip n a d have men RIIRIIQUPHI
wiwmver nesesrrw

TMa

m m u h have been approved and tamnon resad by the Borld ofDirestor. ofthe Company a t Uleir meRmg held on 24th Nmmber2OlL

LRnlted review of the finamsl ~ u l t r f o r t h qusrtsr

s
ended 30.00 2016 hsa besn carried out by thsuatutow audltorr #me emplny
For FLEX FOODS L I M I m

=a(ASHOK CHANRVEDI)
CWRMAN

FLEX FOODS LIMITED

STATEMENT OF UNAUDITED ASSETS AND LIABILITIES AS AT SEPTEMBER 30,2016
(Rs. In Lakhs)

Property,Plant and equipment

Capital work-in-progress

Investments
Loans 8 Security Deposits
Other financial assets
Other oon current assets
Total Non-Current Assets

Financial assets
Trade Rece~vables
Cash and Cash Equ~valents
Bank Balances other than (ii~)above
Loans 8 Security Deposits
Other financial assets
Other Current Assets

Financial liabilities

Deffered Tax Liabllities(Net)

Other noncurrent liabilities
Sub-total -Non-current liabilities

Financial liabilities

Other financial Liabilities

Current tax liabilities(Net)
Other current liabilities
otal -Current liabilities

M-6 llnd Floor, M-Block Market

G. K. II, New Delhi - 110 Q4l8

JAIN SINGHAL &ASSOCIATES

CHARTERED A&C)UN~-AN~

Tel : 031-2921261P,20221831
Email :info@jsaindia.org
Web : www.jSaindia.org

SEPTEMBER, 2016
.-.*- -

LIMITED REVIEW REPORT FOR THE Q ~ ~ ~ T

AND
E SIX
R MONTHS ENDED

The Board of Directors

Flex Foods Limited
La1 Tappar Industrial Area
P . 0 Resham Majri
Haridwar Road
Dehradun (Uttrakhand)
We have reviewed the accompanying statement of Unaudited Financial Results of Flex Foods Llmlted, for the
quarter and six months ended 30" Septeinber, 2016. This statement i s the responsibil~tyof the Company's
Management and has been approved by the Board of Directors. 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 Engagement (SRE) 2410, "Engagement!, to
Review of Interim Financial information performed by the Independent Aud~torof the Entity" issued by the
Institute of Chartered Accountant of India. This standard requires that we plan and perform the revlew to obtain
moderate assurhnce as to whether the financial statements are free of mater~almisstatement A revlew is
limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus
provide 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 stated above, nothing has come to our attention that causes 115 to belleve
that the accompanying statement of Unaudited Financial Results prepared in accordance with lnd~ar~
Acici:rnling
Standards (lnd AS) notified under the companies ( Indian Accounting Standards) Rule, 2015 as amended by the
companies (Indian accounting standards) (Amendment) Rule ,2016 and other recogn~zedaccounting pr'ictlces
and policies has not disclosed the information required to be disclosed in terms of Regulat~on33 of the SEBI
(Listing Obligations and Disclosures Requirements) Regulations, 2015 as modifled by the Circular No.
CIR/CFD/FAC/62/2016 dated July 5, 2016 including the manner in which it IS to be d~sclosed,or that it conta~ns
any material misstatement.
FOR JAIN SINGHAL & ASSOCIATES
CHARTFREO ACCOLINTANTS

PLACE: NOlDA
DATED: 24.11.2016

PARTNER

Noida Branch :522,Sector

4, Noida. U.P. 201 301, INDIA. Tel :+91-120-2534088,67,68 Fax :+91-120-2534111
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FLEX FOODS LIMmD

STATEMENT OF UNAUDilED FINANCUL RESULTS FOR THE QUARTER AND SIX MONTHS ENDBO
30.09.2018
[Rs.in Lakhs)
PARTICUURS

SL NO.

THREE
MONTHS
ENDED
30.0S.2016

SIX
MONTHS
ENDED
30.0S.WlfL

2.072

4.009

ln00mo from Operations

a) Nel SaWtnwms fmm Operattons

b) Other opetahng ~ncome

95

Tetal Income horn operations (new

2,167

188
4.175

Expenses

a) CoStof ma(enalr consumed

Stock-ln'lrade
b) P~rchased

193

589

c) Changes 10inventories of fnlshed w a s dwo~in-prcg~ess

d) Employee Benems Expenses

314

54

394

765

e) Depredation and AmwUzdtlw Expenses

122

242

9 Power 8 Fud

326

bW

14

g) Ocher Manufadunng.Admm8slrat$ooL Salllng Expenw

Total Expenses

603

1 272

1,952

3,605

P r O m h m 0peraUons before other Income. finance costs and exceptional

items (i.2)
Other Income

215

570

48

105

Prom1(Loss) hom ordlnary ac(ivltJesbefore flnance cosh and excepbonal

items (3 + 4)
Fmancs costs

283

675

121

242

Profit1 (Loss)from ordlnsry actfvitles after finance sosh but befare

exceptional items {5 8)

142

433

Exca@ooalltems
142

433

3
4

s
6

Pmml (Loss) hom ordfnary sctNltles befare tex (7 1 8 )

10

Taxexpense

ii

Net Pmml (Loss) mom ord~naryacIivltier after tar (9.10)

12

Extraord>naryitems (net af tax expane)

13

Net Profltl(Losr) for the period (11 +I21

14

OtherComp~QhBh~ve
Inlome. Nelef lnwme tax

15

TotalComprehansive be come. Net aflncome tax (13+14)

1s

Pad-up equHy share capnet [FVRrlol- each)

17.1

23

111

119

322

119

322

119

322

1245

1 246

(a) Basic

0 96

259

(b) Dtluled

0 96

2 59

Earnings per share (before extraordinary Items) (d10l- each) (not

snnualiied)

17.11 Earnnngr per share [ a M exlraordtnary items) (of 101- each) Iflet
annualized)
(a) Basic

0 96

2 59

fbb Ocluted

0 96

2 59

Notes :
1

The finamal resub of the wmpany have been prepared In accordance wilh lndcelan Acmunl~ngSlanda*
(lnd AS) nomied under the mmpanle. (lndfan Acmunring Sbda~dds)Rulas2015 as amenq!ed by the
wmpanles(lnd1an Amwntlng Statldards) (Amendmen0 Ruler, 2016 me campany adopted Ind AS from tsl
Apd. 2016
The fwmal fw unaudited quarterly and su monVls pnded (dsulls ar prescribed m SEBl's C,sular
CIRICFDICMDI1512015daled 30th November.ZO1S has been m541dedlo camply wrlh the r@qy,remeots nl
SEWS clroular dated 5th July.2016 Ind AS and Schedule Ill (Divsion 11) to the Comeantas Act. 2013
appWbk to wmpanies lhat are required to camphl wth lnd AS

me above resunr for the quadsr and sh months ended 30th September

Pravulon far Cvrrenl d deferred lax (Accwnf+ngStaMard -22) s based on tP,e pmAh for the rsq%ecl!ve
pedods

2016 were iev~evredby Audll

Commktef and appfousd by Vle BwW o? Directors lmthelr mestrng held an 24th November.2016

Thcs IS !he stasment of Unoudred Floanc!qi Residls

Referred lo in our limited tevleh report ol even daie
For JRIN SINGHAL 8. ASSCiCIATES
CHARTEREOACCOUNT~NTS

FLEX FOODS LIMITED

STATEMENT OF UNAUDITED ASSETS AND LIABILITIES AS AT SEPTEMBER 30,2016
(Rs in Lakhs)
Particulars
As al September 30,2016

ASSETS
Non-Current Assets
Property, plant and equipment
Capital work-in-progress
lntanglble assets
F~nanctaiassets
I.
Investments
11
Loans & Security Deposits
III
Other financial assets
Other non current assets
Total non-current assets

7 389

204
2

!
129
71
7.795

Current Assets
Inventories
Finanual assets
I
Investments
11
Trade Receivables
iii
Cash and Cash Equivalents
iv
Bank Balances other than (111)above
v
Loans & Security Depostts
vi
Other financial assets
Other Current Assets
Total current assets
Total assets

1.831
1 102
122
71
38
1.158
5,885

13,680

E Q U I N AND LIABILITIES
Equity
Equity share capital
Other equity
Total equity
Deferred Government Grants
Liabilities
Non-current liabilities
Financial Liabilities
i.
Borrowings
Provisions
Deferred Tax Liabilities (Net)
Other non-current Nbilities
Total non-current liabilities
Current Liabilities
Financial liabilities
i.
Borrowings
ii.
TradePayables
iii.
Other financial Liabilities
Provisions
Currerit tax liabilities (Net)
Other current iiabiiities
Total current llabilitles
Total eqLity and lfabllities

239

1.559

86
747
2,392

2.523
61 1
598
230
22
400
3.3384

13.6,80

For JAlN SiNGHAL P ASSOCIATES

CWARTEREDACCOUNTANTS

Place : Ndia
Dated 24.11 2018