IGI{COTEA& INDUSTRIES

LIMITED
(FORMERLY

KNOWN AS DHANVARTDHT CONCERNS

L|M!TED)

Registered Office : "Jasmine Towet",3rd

Floor
31 ShakespeareSarani, Kolkata - 700 017, India, Telefax:228I-52L7
E-mail : contact@kancotea.in
W, e b s i t e : w w w . k a n c o t e a . i n
(
CIN)
- L15491W 81983PL C 035793
C o rp o ra te Identity Num ber

KANCO

Ref:KTIL/Reg-33_RESU
LTS

February
15,2016

t0,

Theltlanager"
Corporate
Affairs
Department,
TheBombay
Stock
Exchange
Limited
Phiroze
Jeejeebhoy
Towers
DalalStreet,
- 400001
Mumbai
ScripCode/lD-5901
30/KANCOTEA
Dear
Sir,
Sub-Requlation
33oLSEE!
Requlations
2015Financial
Results
Un-audited
{LODR)
Thisistoinformyouthata Meeting
oftheBoardofDirectors
heldonMonday,
oftheCompany,
the15thday
of February,
2016,
considered
andapproved
theUn-audited
Standalone
Financial
Results
andUnaudited
Consolidated
Financial
Results
forthequarter
andninemonths
30th
December,
2015.
ended
Thisisforyourinformation
andrecord.
you,
Thanking
ForKanco
Tea& Industries
Limited
,t

(i.\'/
t\',/
\tl

Kabra
Charulata
Company
Secretary
& Compliance
Officer

Encl:
a/a

31t12t201530i09/2015 31t12t201431t12t2015 31t12t20143'U03t2015

Net sales/lncomefrom operations
Expenses
(a) Cost of materialsconsumed
(b) Changesin inventoriesof finishedgoods
(c) Employeebenefitexpense
d) Depreciationand amortisationexpenses
(e) Power & Fuel
(f) Consumptionof Stores and Spares

6
7

(h) Otherexpenses
Total Expenses
/ (Loss) from operations before other income,
costs and exceptionalitems(1-2)
Other income
Profit / (Loss) from ordinary activities before finance costs
exceptionalitems( 3+4 )
Financecosts
Profit / (Loss) from ordinary activities after finance costs
exceptionalitems(5- 6 )

8
9

Profit / (Loss) from ordinary activities before tax( 7_g

)
Tax expenses
Profit/ (Loss)from ordinaryactivitiesafter tax( 9 _ 10
)
Extraordinaryltems (net of tax expense)
Net Profit/ (Loss)for the period(11-12)
Paid-upequitysharecapital(Facevalues{.1Olper Share)
ReservesexcludingRevaruationReserveas per balance sheet
of previousaccountingyear
1 6 EamingsPer Share (before& after extraordinaryitems) (of (
10/-each)(notannualised)
a) Basic
10
11
12
13
14
15

796
230
1026
91
935

161

161

'tut
161
170.76

848
848
tot
170.76

18
18
170_.76

Notes
1'
The above financralresults were reviewed by the Audit committee
and approved bythe Board of Directorsat theirmeeting held on 1Sthof
February,2o16'The statutoryAuditorshave canied out a 'Limited
Review,'of the aforesaidresults.
2'
The company is primarilyengaged in the business of cultivation,
manufactureand sale of tea, which is seasonal in character,figures for the
cunentperiodcan not be taken as indicativeof likelyresultfor
the year ending31st March,2016.
3'
segment, which is tea. Accordingly,no disclosure under Accountins
standard-17 deatins with sesment
I:L::#??r:::
naj:portable
4
The cost of materialsconsumedrepresentsonly green leaf purchased
from third parties.
5'
The ultimatetax liabilitycan be ascertainedat ine eno of the year
in view of the seasonalnature of tea business.The Taxes liabilityfor current
tax as well as defened tax will be determinedat the end of the
financialyear. Therefore,no provisionfor cunent Tax and Defened rax has been
made.
6'
The figuresfor the correspondingpreviousperiod have been
restated/regrouped
whereevernecessary,to make them comparable.
By the order of the Board

Kolkata,the 1SthFebruary,2016

U.Kanoria
Chairman
& Director
D I N: 0 0 0 8 1 1 0 8

KANCO TEA & INDUSTRIESLIMITED

Regd. Office : 'Jasmine Tower', 3rd Floor, 31, Shakespeare Sarani, Kolkata - 7OOO17
Telefax :22815217, E-Mail : contact@kancolea.in,
Website : www.kancotea.in,CIN-L15491W81983PLC035793
Statement of Consolidated Unaudited Financial Results for the Quarter and Nine Months Ended 31st December, 2015

( in Lakhsl

sl

Particulars

No.
,l

Income from Operations

Net saleglncome from operations
Total Income from Operations
Expenses
(a) Cost of materials consumed
(b) Changes in inventories of finished goods
(c) Employee benefit expense
(d) Depreciationand amortlsation expenses
(e) Power& Fuel
(n
Consumption of Stores and Spares
(g) Selling & Distribution Expenses
(h) Other expenses
Total Expenses
Profit / (Loss) from operations before other income, finance
costs and exceptronalitems (1-2)

4
5

Other income
Profit / (Loss) from ordinary activities before finance cosls and
exceptionalitems ( 3+4 )

Finance costs
Profit / (Loss) from ordinary activities after finance costs but
before exceptional items( 5- 6 )
Exceptionalltems
Profit / (Loss) from ordinary activities before tax( 7-8 )
Tax expenses
Profit/ (Loss) from ordinary activities after tax( 9 - 10 )
Extraordinaryltems (net of tax expense)
Net Profit / (Loss) for the period (1 1-12)
Paid-up equity share capital (Face values {.1 O/-perShare)
Reserves excluding Revalualion Reserve as per balance sheet
of previous accounting year

I
9
{n
11
12
't3
14
15

Year ended
Nine Months Ended
31t12t201530t09120153111212014 31t1212015 31t12t2014 31t0312015
Audited
Unaudited
Unaudited
Quarter Ended

3329
3329

3031
3031

3408
3408

450
(676)
1214
84
279
363
144
260
2118

384
(30)
1481
152
313
408
190
419

1211

378
(326)
1027
105
242
367
158
284
2235
796

38
44

52
1263

230
1026

359
450

25
848

to

63
1200

91
935

110
340

169

84B

I Q

1200

935

'tut

848

18

1200

nau

340
31
309

1323
1323

1496
1496

72
393
354
29
74
BB
55
86
11 5 1
172

204
(486)
459

848

10
142

25
873

12

169

169
170.76

1241
1241

28
519
312
?5

ZY

63
't12

129
162
62
ov
648

(o

107
1235

18

,ot
170.76

18
't70-76

1200
170-.76

3317
91

935
170.76

309
170.76
2039

u.76

17.93
17.93

1 6 Earnings Per Share (before & after extraordinary items) (of t 10f
each) (not annualised)
a) Basic
b) Diluted

8.84
8.84

48.61
48.61

1.05
1.05

69.22
69.22

54.76

Notes
1. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 15th of
February,2016.The Statutory Auditors have carried out a "Limited Revievr/'of the aforesaid results.
2.

The Consolidated Financial Results have been prepared in accordance wilh Accounting Standard-21 " Consolidated Financial Stalements".

3.

The Company is primarily engaged in the business of cultivation, manufacture and sale of tea, which is seasonal in character, figures for the
current period can not be taken as indicative of likely result for the year ending 31st March, 2016
Informationon StandaloneAccounts as per Clause
C l a u 41 of ihe
Yearended
Nine Months Ended
Particulars
OuarterEnded

sl.
No,

ll
ill

5.

31t12t201530109t201531t121201431t121201531t12t20143110312015
Audited
Unaudited
Unaudited
3408
(Turnover)
3031
3329
1241
1496
IncomefromOperations
1323
340
935
1195
848
18
Profitbeforetax
16'1
30
935
11 9 5
18
848
Profitaftertax
161
The Company has one reportable segment, which is tea Accordingly,
no disclosureunder AccountingStandard-17dealingwith Segment
Reporting has been made,

fromthirdparties.
6. Thecostof materials
consumedrepresentsonlygreenleafpurchased
7. Theultimatetax liabilitycan be ascertained
at the end of the yearin viewof the seasonalnatureof tea business.The Taxesliabilityfor cunenttax
as well as deferredtax will be determinedat the end of the financialyear Therefore,no provisionfor CurrentTax and DeferredTax has been
made.
8. The figuresfor the current year can not be comparedwith the previousyearas the whollyownedsubsidiarywas operationalfrom the current
to makethemcomparable.
year.Thefiguresfor the corresponding
previousperiodhavebeenrestated/regrouped
whereevernecessary,
By the order of the Board

t'/,L
the1SthFebruary,2016
Kolkata,

uI

U.Kanoria
Chairman
& Director
DIN:00081108

r;)

LIMITED
IGI{COTEA&INDUSTRIES
(FORMERLY

KNOWN AS DHANVARIDHI

CONCERNS

LIMITED)

Registered Of f ice : "Jasmine Tower", 3rd Floor

Sarani,Kolkata- 700 017, India,Telefax:228I-52L7
31 Shakespeare
i ne, b s i t e : w w w . k a n c o t e a . i n
E - m a i l : c o n t a c t @ k a n c o t e a .W
corporate ldentity Number (clN)-L15491W81983PLC035793

KANCO

Ref:KTIL/Reg-33-tRR

15,2016
February

To,
TheManager,
DePartment,
Affairs
Corporate
Limited
Exchange
Stock
Bombay
The
Towers
Jeejeebhoy
Phiroze
DalalStreet,
- 400001
Mumbai
30/KANCOTEA
Scrip Code/lD-5901
Sir,
Dear
Sub:
Review
please
findtheLimited
2015,enclosed
Regulations,
33of SEBI(LODR)
to Regulation
Pursuant
for
Results
Financial
Consolidated
andUnaudited
Results
Financial
standalone
ontheUn-audited
Report
2015'
31'tDecember
ended
andninemonths
thequarter
andrecord.
Thisisforyourinformation
you,
Thanking
Limited
Tea& Industries
ForKanco

il,'lY
r<,0"
cn,,,hll

Officer
& Compliance
Secretary
Company

Encl:a/a

JAfN & CO.

Ghartered Accountants
P 21122RadhaBazarStreet,Kotkata_ 700 001
Email:mkjainandco@gmail.com

Phones; 2242-9190t4005
1810
M o b i l eN o 9 0 5 1 08 3 8 0 0

we havereviewedthe accompanying
statementof unauditedstandalonefinancialresultsof
M/s' KANCOTEA & INDUSTRIESLIMITEDfor the quarter
ended 31't December,201s,
'Public
exceptfor the disclosuresregarding
Shareholding'and 'promoterand promoter
GroupShareholding'
which have been tracedfrom disclosuresmade by the management
and have not been auditedby us. This statementis the responsibility
of the Company,s
management
and has been approvedby the Boardof Directors/ committee
of Boardof
Directors.
Our responsibility
is to issuea reporton thesefinancialstatementsbasedon our
review.
we conductedour reviewin accordancewith the standardon
ReviewEngagement
(sRE)
2400, Engagementto Review Financiat Statemenfsissued by
the Instituteof Chartered
Accountants
of India.This standardrequiresthat we plan and performthe reviewto
obtain
moderate assurance as to whether the financial statements
are free of material
misstatement.
A reviewis limitedprimarily
to inquiriesof companypersonneland analyticat
procedures
appliedto financialdata and thus providesless assurancethan an audit.We
havenotperformed
an auditandaccordingly,
we do notexpressan auditopinion.
Basedon our reviewconductedas above,nothinghas come to our attention
that causesus
to believethat the accompanyingstatementof unauditedfinancialresults prepared
in
accordance
withapplicable
accounting
standards
and otherrecognised
practices
accounting
and policieshas not disctosedthe informationrequiredto be disclosedin terms
of SEBI
(ListingObilgations
and Discfosure
Requirements)
Regulations,
2015 Including
the manner
in whichit is to be disclosed,or that it containsany materialmisstatement.

ForJain& Co.
Chartered
Accountants
(Registration
No.302023E)

Place: Kolkata
Datedthe 1sthday of February,2O16
Branch:A-6 NarianaVihar,Ring Road, New Dethi_ f f O Oea
Email:akj@ainandco.com

(M.K.Jain)
Partner
(Membership
No 55048)

Phones: 25893411| 3412

Fax:

9'l-11-2579-7973

JAIN & GO.

Ghartered Accountants
Phones: 2242-919012213-7323

P 21122RadhaBazarStreet,Kolkata 700 001

Fax:

91-334005-1810

Email:mkjainandco@gmail'com

& INDUSTRIES LIMITED

TO THE BOARD OF DIRECTOBS OF KANCO TEA
of consolidated Unaudited
1. we have reviewed the accompanying statement
("the Holding Company") and
FinancialResultsof Kanco Tea & Industries Limited
togetherreferred
its subsidiary (the Holding company and its subsidiary

to as "the

3L't December ' 2015 ("the

Group") , f.ot the quarter and nine month ended
of
statement,,). The statement is responsibility

the Holding

our
Managementand approved by the Board of Directors.

company's

responsibilityis to issue

areportontheStatementbasedonourreview.

in accordancewith the standard on

2. we conducted our review of the statement
Review Engagements (sRE) 2410

,,Review of Interim Financial Information

by the Institute of
performed by the Independent Auditors of the Entity" , issued
requires that we plan and perform
Chartered Accountant of India. This standard
to whether the statement is free of
the review to obtain moderate assuranceas
primarily to inquiries of Holding
materiar misstatement. A review is rimited
appried to financial data and thus
Company personnel and anarytical procedures
have not performed an audit and
provide less assurancethan an audit' We
accordingly,we do not exPressan audit opinion'

Delhi- 110 028

Bra1ch-*-O1Lr,rt" Vihal Ring Road,New
trmail:akitOiainandco.corn

1 134',12
Phones: 2589341
Fax:

91-11-2579-7973

''
;-

JAIN & CO.

= 21r22RadhaBazar
Street,Kolkata_ 7OO001
Emai/: mkjainandco@gmail.com

Ghartered Accountants
Phones: 2242-9190t2219-7g}g
Fax:

91-334009-1810

3' we did not review the interim

financial results of the subsidiary included
in the
consolidatedstatementfor the quarter
and nine months ended 31rtDecember, 2a7s,
whose interim financial results reflect
total revenue of

-for the quarter

Rs.7,69,2'1.2/

and nine months ended 31't December,

201,5.These
interim financial resultshave
reviewed by other auditor whose
report has been furnished to us by the
managementand our report on the statement,
in so far asit relatesto accountsand
disclosuresincluded in respectof the
subsidiary, isbasedsolely on the the report of
the other auditor.
4' Basedon our review conductedas
statedabove and based

on the considerationof

the report of the other auditor referred

to in paragraph 3 above, nothing has come
to our attention that causes us to
believe that the accompanying statement,
prepared in accordance with the
applicable Accounting Standard and other
recognized accounting practices and

policies , has not disclosed the information

required to the disclosed in the terms

of Regulations 33 of the SEBI (Listing
obligation and DisclosureRequirements
) Regulations, 20'l.s,includingthe manner
in which it is to be disclosed,or that it
containsany material

misstatement.

For |ain & Co.

Chartered Accountants

PlaceKolkata
Datedthe 15ft day of February,2016

Eranch:
A Nariana
Vinar,Ringffi
Email:akj@ainandco.com

(M.K.]ain)
(Membership No 550a8)

Phones: 25893411t3412
Fax:

91-11-2579-79T9