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JK Paper Limited, a pulp and paper company, engages in the manufacture and sale of branded papers, fine papers, and packaging boards in India and internationally. The company provides various office documentation papers, including photocopy and multi purpose papers for use in fax machines, photocopiers, and multi-functional devices, as well as desktop, inkjet, and laser printers; and premium watermarked and laidmarked business stationery papers for corporate and individual customers.J K Paper Ltd (formerly Central Pulp Mills), a member of HS Singhania group is originally promoted by Parkhe Group of Pune to manufacture Paper and Paper products. The company which fell sick and referred to BIFR was taken over by JK Corp Ltd a member of the HS Singhania Group in 1992. JK Corp. holds 44.76% in the equity of this company as on Nov 6, 2003. The company has turnaround in a short period of time with the rehabilitation package by HS Singhania Group companies JK Corp Ltd and JK Industries. JK Paper today has an combined installed capacity of 150000 tpa with two integrated Paper Mills at JK Paper Mills, Orissa(Inst. Cap 100000 tpa) and Central Pulp Mills, Gujarat(Inst. Cap 50000 tpa). The company's paper mills are operating with an health average capacity utilisation of 115%. Further the company has purchased a Pulp Drying Plant from Finland in 2001 to increase the output and realisation of market pulp.The plant was commissioned during the year itself. J K Paper has also been consistenly exporting its products to markets such as Sri Lanka,Bangladesh and several West Asian Countries. The company is the first paper mill in India to have been accredited with ISO 14001. The company enjoys the locational advantage inrespect of sourcing raw material.
It sources all its bamboo requirements with in the 200 kms radius of the plant. Further for long term continuous source of rawmaterial the company is running social forestry and farm forestry programmes in 11 districts of Orissa and 3 districts of Andhra Pradesh,covering a total area of over 20,000 Ha. In 2001-02 it has disturbuted 27 million saplings, covering over 5200 hectares under plantations in Orissa,AP,Gujarat. J K Paper has been a pioneer in every field related to the manufacture and marketing of paper. It has the distinction of being the Largest manufacturer of branded copier paper in India.; First to introduce surface sized maplitho in India.; First to introduce high quality bond paper 'Finesse' in A4 size consumer friendly retail packs of 100 sheets. ; First to introduce laser paper in India. The company has introduced two new value added products i.e. MICR Cheque Paper and Cup-stock Board and both of them have well recieved in the market.
The company which is well known for its success in creating brand in paper industry with having top two paper brand(i.e JK Copier[contributing 140 cr. to co's turnover in FY02-03] & JK Easy Copier) in its basket the company has initiated outsourcing of paper products in india. This outsourcing activity was kickstarted in the end of 2001-02 and gathered momentum last year. The company has outsources JK Cote(positioned in upper art paper segment) from an international producer who produces as per the specification of JK Paper. The company outsouces donestically JK Eco Cote(caters to price consious Chrome paper segment) and 'JK Eco Print'. The Scheme of Compromise and/or Arrangement between JK Corp Limited and The Central Pulp Mills Limited was approved and sanctioned by the High Court of Orissa and High Court of Gujarat and become effective on 5th November,2001. Subsequent to this the name of the company was changed to JK Paper Ltd from The Central Pulp Mills Ltd. Latest Development:JK Paper is planning to upgrade over half of its paper manufacturing capacity to manufacture coated paper. The upgradation(Conversion from non-coated to coated) to cost around Rs.60 crs.
According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 10.15%, from INR 1,225.36 tens of millions to INR 1,349.75 tens of millions. Operating result decreased from INR 263.09 tens of millions to INR 156.47 tens of millions which means -40.53% change. The results of the period decreased -54.45% reaching INR 48.07 tens of millions at the end of the period against INR 105.54 tens of millions last year. Return on equity (Net income/Total equity) went from 17.91% to 5.65%, the Return On Asset (Net income / Total Asset) went from 8.40% to 2.02% and the Net Profit Margin (Net Income/Net Sales) went from 8.61% to 3.56% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 280.05% compared to 213.19% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.94 to 2.00 when compared to the previous year.