TIL LIMITED

CIN : 174999W81974P1C041725
Regd.Office: l,Taratolla Road, Garden Reach, Kolkala - 7OOO24
Phone:+91 33 6633 2000 / 2845. Fax:+91 33 2469 214313731
Website : www.titindia.in
STANDALONE UNAUD'TED FINANCIAL RESULTS FORTHE QUARTER ENDEOloth JUNE 2014

lncome from OpeEtlon!

Net

Saleafl.come from Opedtlon. (Nel ol Ercbe Duty)

Oth.r Op.r.tins lncome

Total lncomelrem opo6rbn.

9,792

(Ne0

Co.t of M.t.riak Consumed

3,3{9

P0rcha.. ot slock-in-Tr.d.
Chanq ln lnventorl4 ol Flnbhed good., Worft-in-ProgE$ .nd Stock.in-Tr.de

469
1,112

Employee

Bendt. Expn.e

242

4,217
145

10,074

4,402
3,124

1.050

1,491

1,365

D.pechrton and Amortt.atton Expen.e

445
1.227

7,963
Protit / (Lo55)frcm OpeEtlon! beforc Olher lncome, fln.nco

co.k

and exceptionat ttem8 (1-2)

t,033

Prctit / lLo..) frcm odlna.y actlvnlB before nnance co.t. .nd Exceptional ltem. {3+a)

I,059
950

Prcnt /

Prclit

lLo$lftom ordinary .ciivitie. .ner fina.ce co.l. but belorc

/ lLG.)

Erc6otronar

lo9

n m. t5.5t

from Ordlnary Acrilnbs broE tax I 7+8)

(Los.) from Ordinrry Activili6 .fte. Tax {9n

Ext6o.dlnary ltem (net or tar 6rp.n..)
Net Potii / (LG.) fo. the perlod (11-12)
Paid-up Ecuity Shrc C.pit l
Net Protrt I

371
120
2St

l3
35

O)

251
1,003

per Balince Sheel of Prcvlou. Accounilnq Yearl

4353357

-Percnt Ee of sh.Eholdinq
PromoroE and Prcmoter Grcup ShrEholding

Perceni.se

oflhaEi

{&.

Pcrcentase

ol.has

{as a% or th. toI.l

P6rcentaq6

ofshaE. (a.

% of

43,70%

NIL
NIL

ihe rotal .haEholdlnq or Promot.r and

lhaF c.pit.l

oa

the Companyl

NIL
5,6,16,798

a % of

ihe total .h.Eholdlns ofPromotera.d

t00.00%

Percent se of 3harcs {ar a% ol the tolal sh6 capital or the Cohp.ny)

at

the beolnlno ol tho qoarter

unE.olved.tlh.

end ot th. quatt

NIL
NIL
NIL
NIL

NOTES :
The above unaudfted 63ults rorthe quariernded 30th June.2ol4. drawn ln tems ol ClaG.4r ofth'Lt.tinq Aqre.ment'h.v ben vi.w.d by th. Audlt Commhtee .nd aoDroved bv
theBoardofDlEctoBatlhelrmeetlnsheldon23thJuly,2014atKoltGt.ndha!been3ublecredro"LlmitedR6vlew"bythoStatutoryAudltoBoftheCompany,

(net of Defered Tai) ha. be6n adjGr.d with Retatned Eamtn$.

Th.nqu6

lor 3 month. enrled 3l.t March,2ola aElhe b.l.n.lng

flouE3 upto the thlrd quarr.r orth.tfi.a.ciat yeai
PBvroG ye.'/./

p..iodl lisuei

have

fisuc! betwen

ihe audlied

nssr.

ben E.mnqedl goupd wteEver nece.sary! to conrom

in

e.pe.t

of the full linan.ialyearended

al!t

March,2ol4 and the yearto.late

to rhGe of rh. curFnt y.arl p.nod.

*0^.

23thJuly,20l4
Chaiman & Manag ng Di

ffi

Deloitte

Chartered Ac(ountant5
Bengal lntelligent Park
Burlding Alpha, lst Floor
Block - EP & Gg Sector - V
Salt Lake Ele(troni.s Complex
Kolkata 700 091
lndia

Haskins & Sells

Tel. :+91 (33) 6612 1000

Fax +91 (33) 6612 1001

INDEPENDENT AUDITORS' REVIEW REPORT

TO THE BOARD OF DIRECTORS OF

TIL LIMITED

l.

We have reviewed the accompanying Statement of Standalone Unaudited Financial

Results of TIL Limited ("the Compa-ny") for the Quafier ended 30'r'June 20l4 ("the
Statement"), being submitted by the Company pursuant to the requirement of Clause .l I
ofthe Listing Agreements with the Stock Exchanges, except for the disclosures in Parl Il
- Select Information refemed to in paragraph 4 below. This Statement is the responsibility
of the Company's Management and has been approved by the Board of Directors. Our
responsibility is to issue a report on the Statement based on our review.

2.

3.

we conducted our review ofthe Staternent in accordance with the Standard on Review
Engagements (SRE) 2410'Review of lnterim Financial Information Performed by the
Independent Auditor of the Entity', issued by the Institute of Chartered Accout'ttants of
India. This Standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statement is free of material lnisstatement. A review is
lirnited primarily to inquilies of Company personnel and analytical procedures applied to
financial data and thus provides less assurance than an ar.rdit. We have not perlormed an
audit and, accordingly. we do not express an audit opinion.
Based on our review conducted as stated above, nothing has come to our atlention thal
to believe that tlre accompanying Statement. prepared in accordance with the
Accounting Standards specified under the Companies Act. 1956 [whicl.r are deemed to be
applicable as per Section 133 of the Companies AcI.2013, read with Rule 7 of the
Companies (Accounts) Rules,2014l and othel accounting principles generally acceptecl
in India, has not disclosed the information required to be disclosed in terms of Clause .l I
of the Listing Agreements with the Stock Exchanges, including the manner in which it is
to be disclosed. or that it contains any material misstatement.
causes us

4.

Further, we also report that we have traced the number ofshares irs well as tl'le percentage
ofshareholding in respect ofthe aggregate amount ofpublic shareholding and the niitrber

of shares

as

well

as the percentage

of shares pledged/encumbered and non-encumbet ed in

olthe aggregate amount of promoters and promoter groLtp sltareholding in terrtts

of Clause 35 of the Listing Agreements with the Stock Exchanges and the parlicr,rlars
relating to investor complaints disclosed in Part II - Select Information tbr the Quarter
Ended 30'h June 2014 ofthe Statement, from the cletails furnishecl by the Registrars.
respect

FoT

DELOITTE HASKINS & SELLS

Chartered Accountants

(Firm's Registration No. .3020098)

A. Bhatt
P,lrtner
(

Kollta,

28tr' July, 2014

Merrbership No. 054 I l0)

Deloitte

Chartered Accountants
Bengai lntel[gent Park
Building Alpha, lst Floor
Block - EP & GP Sector - V
Salt Lake Electroni.s Comp ex
Kolkata - 700 091
lndia

Haskins & Sells

Tel.

:+91 (33) 6512 1000

Fax : +91

INDEPENDENT AUDITORS' REVIEW REPORT

TO THE BOARD OF DIRECTORS OF

(33)6612 1001

TIL LIMITED
t.

we have reviewed the accompanying statement of consolidated Unaudited Financial

of TIL LIMITED ("the Company,,) and its subsidiaries (the Company. and its
subsidiaries constitute "the Group") for the euarter ended 30,r, June'20i4 (*the
stf,ternent"). being subrnined b1 the Cornpany pursuanr ro clause 4l of tlre Lrstirg
Agreements with rhe Stock Exchanges, except for the disclosr.rres in part Il - Selecl
Results

lnformation refered to in paragraph 6 belor.v. This statement is the responsibility of the

Company's Managernent and lras been approved by tlte Board of Directois. OLrr
responsibility is to issue a repofi on the Statement based on oLrr review.
2.

we conducted our review of the statement in accorclance with the Standard on Review
Engagements (sRE) 2410 "Review of Interinr Financial Inforrnation performed bv the
Independent Ariditor of the Entity". issued by the Institute of clrarlered Accountanrs of
India. This Standard requires that we plan and perform the revierv to obtain rrocicrate
assumnce as to whether the Statement is fiee of material rnisstaternent. A revie\a is

li,ited

prirnarily to inqui'ies ofCornpany personnel and anarytical procedures appried to

financial-data and thus provides less assurance than an audit. we have not perforined an
audit and, accordingly, we do not express an audit opinion.
3.

The statement includes the results of IL Limited and the forowing subsidiaries:
Tractors India Private Lilnited, Tractors Nepal private Limired. Til overseas pte Ltd arrd
Myanmar Tractors Lil']]ited.

4.

we did not review tire interim financial statements of subsidiaries inclr,rdeci in the
consolidated financial results, whose i,terim financial statements reflect, total revenues of
{ 441 lacs for the Qua'ter ended 30rr'June 2014. and totar loss after tax ol r r l lacs ror
the Quarter ended 30'r'June 2014, as considered in the consolidated financial results.
These interim llnancial statements have been reviewed by other auditors whose r.eports
have been furnished to us by the Management and our report on the State,ent, in so lhr
as it relates to the amounts and disclosures included in respect of these subsidiaries, is
based solely on the reports ofthe otlter auditors.

5.

Based on our review conducted as stated above and based on tl're consideration of the
repofis of the other auditors referred to in paragraph 4 above. nothing has come to orr
attention that causes us to believe that the acconrpanying Staterlent. prepared in
accordance with the Accounting Standards specified Lrnder the co,rpanies Act. 1956
fwhich are deemed to be appricabre as per Section r33 of trre cornpaniei Act.20r3. read
with Rule 7 of the Companies (Accounts) Rules,20l4l and othei accounring principles
generally accepted in lndia, has not disclosed the information required to be Jisctosea in
terms of ciause 4l of the Listing Agreenrents with the Stock Exchanges. inclLrding the
nranner in which it is to be disclosed. or that it contains an' nraterial nrisitatencnt.

Deloitte
Haskins & Sells

Further, we also report that we have traced the number of shares as well as the percentage
of shareholding in respect ofthe aggregate amount ofpublic shareholding and the number
ofshares as well as the percentage ofshares pledged/encumbered and non-encumbered in
respect of the ag$egate amount of promoters and promoter group shareholding in terms
of Clause 35 of the Listing Agreements with the Stock Exchanges and the particulars
relating to investor complaints disclosed in Part II - Select Information for the Quarter
Ended 30m June 2014 ofthe Statement, from the details fumished by the Registrars.

FOT

DELOITTE HASKINS & SELLS

Chanered Accountants

(Firm's Registration No. 302009E)

Partner
(Membership No. 0541

Kolkata,

28'h July, 2014

l0)