KANCOTEA& INDUSTRIES

LIMITED
Registered office
, "Jasmine Tower", 3rd Floor
31 ShakesBareSarani,Kolkata- 700 017, India,Telefax:2287-5217
E - m a i l : c o n t a c t @ k a n c o t e a . iwne, b s i t e : w w w . k a n c o t e a . i n
C o r p o r a t e I d e n t i t y N u m b e r ( C I N ) - L1 5 4 9 1 W 8 1 9 8 3 P L C 0 3 5 7 9 3

KANCO

Ref:KTIL/Reg-33_RESULTS
May14,2016

tu,

TheManager
Corporate
Affairs
Department
Stock
Exchange
Limited
!9mbaV
Phiroze
JeeJeebhoy
Towers
Dalalstreet
Mumbai-400001
ScripCode/lD;
5901
30/KANCOTEA
Dear
Sir.

Thisis to informyou that at Meeting

of the Boardof Directors
of the company,
herdtoday
i.e 14n\tlay,2016
hasconsidered
andapiroveo
thefollowing:

1'
;lilfl?iffiif5: |;nrl

Resurts
forthequarrer
and
year
ended
3lstMarch,
2016
arons
with

ffiiffij'j;fiilT'''

Results
forthequarter
and
year
ended
31,tMarch,
2016
arong
with

2'

TheBoard
Meeting
commenced
at12:15p.M
andconcruded
at1.30p.M.
Thanking
you,
ForKanco
Tea& tndustries
Limited
I

t^

fl,rlbT

\,r/

Charulata
Kabra
Company
Secretary
& Compliance
Officer

Encl:ala

KANCOTEA& INDUSTRIES
LIMITED

Regd. Office: 'Jasmine

Tower',3rdFloor,31,Shakespeare
Sarani,Kolkata-700017
Telefax : 22815217, E-Mail contact@kancotea.in,
Website:www.kan-otea.in,
CIN-L'15491W81983PLC035793
StandaloneAudited
Quarterand Year Ended 31st March. 2016
PART I

( < in Lakhs
Particulars

QI

No.
1

7
8
I
10
11
12
IJ

14
15
16

QuarterEnded
Year ended
3110312016 31t12t2015 31t03t2015 31t03t20163'1t03t2015
Audited
Unaudited Audited
Audited
Audited

IncomefromOoerations
Netsales/lncome
fromoperations
TotalIncomefromOperations
Expenses
(a) Costof materials
consumed
(b) Changes
in inventories
offinishedgoods
(c) Employee
benefitsexpense
(d) Depreciation
andamortisation
expenses
(e) Power& Fuel
(0 Consumption
of Storesand Spares
(S) Selling& Distribution
Expenses
(h) BadDebts
(i) Otherexpenses
TotalExpenses
Profit / (Loss) from operationsbefore other income, finance costs and
items(1-2)
exceptional
Otherincome
Profit/ (Loss)from ordinaryactivitiesbeforefinancecosts and exceptional
items( 3+4)
Financecosts
Profit / (Loss) from ordinary activities after finance costs but before
exceptional
items(5- 6 )
Exceotional
ltems
Profit/ (Loss)fromordinaryactivitiesbeforetax( 7-8 )
Taxexpenses
Profit/ (Loss)fromordinaryactivitiesaftertax( I - 10)
Extraordinary
ltems(netof tax expense)
NetProfit/ (Loss)for theperiod(11-12)
Paid-up
equitysharecapital(FacevalueperShareRs.l 0^)
Reserves
excluding
Revaluation
Reserves
Earnings
PerShare(before& afterextraordinary
items)(of{ 101each)
a) Basic('notannualised)
b) Diluted('notannualised)

843
84:

132

37t

1323

37i

87

72
393
354
29
74
88

/3

CJ

59
562
552

29
3Z

297
454
47
71
41
32

zcz

183
1851

(1008)

NA

to

tsoel
51
(1 0 1 4 )
(1 0 1 4 )
170_.76

3408
340f

509
( 11 4 )
I 765
1t3
331
450
220
252

384
(30)
1481
152

440

174

128
(576)

105
310

450

13
161

19
/(o(\

78
232

110
340

16t

/rc(\

zJz

340

'tu't

31
(626)

51
181

31
309

181
170.76

309
170.76
2039

161
170-.76

396

A ?7i

8.37',

(ozo,
170-.76

(36.66)'
(36 66)*

Y-JJ
o?q

91
JCV

17.93
17.93
.inL

As
As at
31t03t2016 31t03t2015
(Audited)

EquityandLiabilities
Fund
Shareholders'
ShareCapital
Reserves
andSurplus
Sub-total
Shareholders'
funds
Non-Current
Liabilities
Long-Term
Borrowings
(Net)
Deferred
tax Liabilities
OtherLongTermLiabilities
LongTermProvisions
Sub-Total
of Non-Current
Liabilities
CurrentLiabilities
Short-TermBorrowings
TradePayables
OtherCurrentLiabilities
Short-Term
Provisions
Sub-Total
of CurrentLiabilities
TotalEquityandLiabilities
Assets
Non-Current
Assets
FixedAssets
Tangible
Assets
Intangible
Assets
Non-Current
lnvestments
LongTermLoansandAdvances
OtherNon-Current
Assets
Sub-Total
of Non-Current
Assets
CurrentAssets
Currentlnvestment
Inventories
TradeReceivables
CashandBankBalances
Short-Term
LoansandAdvances
Sub-Totalof CurrentAssets
TotalAssets

J J I I

205

and Liabilities

Particulars

lon

-41g

10 8 1
(704)

ZUYO

(60.61)r
(60.61)-

JIJ

408

11 5 1
172

ot

(e47)

'134

4171
4171

(Audited)

211
2096

211
203q

zJv I

225t

zot

19

25
281

288

24
24

592

JOY

zoo

218

68
643

3/J

3b/

1544
4443

1454
1
741
1245
30

JO

471
13 1 8

13 9 8

,|

534
1367
33

3471
381
?o(

13'l

78
305
24
44
153
604

4443

Notes
'l4th of
1.
The above financialresults were reviewed by the Audit Committeeand approved b7 the Board of Directorsat their meeting held on
May,2016.The informationpresentedabove is extractedfrom the auditedstandaloneinancial statement.
The Board has recommendeda dividendof {.7/- and t.5/- per PreferenceShare of Face Value of <.100/- Equity Share of Face Value of { .101
2.
per share being 7% and 50% respectivelyfor the year ended 31st March,2016subject to approval of Shareholdersin the ensuing Annual
GeneralMeeting.
The Company has one reportablesegment, which is tea. Accordingly,no disclosureunder Accounting Standard-17dealing with Segment
3.
Reporting has been made.
The cost of materialsconsumed represents only green leaf purchased from third parties.
4.
The Provisionfor Taxes includes Current Tax and Deferred Tax and Mat Credit Entitlement.
5.
The figures of last quarter for the current year and for the previous year are the balancing figures between audited figures in respect of the full
6.
financialyear ended 3lst March and the unauditedpublishedyearlo-date flguresupto third quarter31st December,which was subjectto limited
review.
7.
The figures forthe corresponding previous period have been restated/regroupedwhereever necessary, to make them comparable.

By the orderof the Board

Kolkata,the 14th May,2016

,l

'- /-'-"t.*-";jt-._-;U.Kanoria
Chairman
& Director
DIN:00081108
"

JAIN & GO.

Ghartered Accountants
P 21122RadhaBazarStreet,Kolkata- 700 001

Phones: 2242-9190t4005
1B'10

Email:mkjainandco@gmail.com

MobileNo 9051083800

Auditor's Report On Ouarterllr Financial Results and year to Date

Results of the
ComPanY Pursuant to the Regulation 33 of the SEBI (listing
Obligations and

To
Board of Directorsof KANCO rEA & INDUSTRIES LIMITED.
we have audited the quarterly financial results of KANCO TEA & INDUSTRIES
LIMITED for the quarter ended 31't March,2016and the year to date results for
the
period Apri1,2015to March,20-1,6,
attached herewith, being submitted by the company
pursuant to the requirement of Regulation 33 of the SEBI ( Listing Obligations and
DisclosureRequirements)Regulations,201,5.Thesequarterly financial results as well as
the year to date financial results have been prepared on the basisof the interim financial
statements, which are the responsibility of the company's management. Our
responsibility is to expressan opinion on thesefinancial results based on our audit of
such interim financial statements,which have been prepared in accordancewith the
recognition and measurement principles laid down in Accounting Standard for the
Interim Financial Reporting (AS 25 / Ind, AS 34 prescribed,under Section133 of the
),
CompaniesAct, 2013 read with relevant rules issued thereunder or by the Institute of
CharteredAccountantsof India, as applicableand other accountingprinciptes generally
acceptedin India.

We conductedour audit in accordancewith the auditing standardsgenerallyacceptedin

India. Thosestandardsrequire that we plan and perform the audit to obtain reasonable
assuranceabout whether the financial results are free of material misstatements.An
audit includes examining, on a test basis,evidencesupporting the amounts disclosedas
financial results. An audit also includes assessingthe accounting principles used and
significant estimates made by managem-epfof{-ebelieve that our audit provides a
reasonable
basisfor our opinion.
ti::."t:''l('i:\' .
Branch:
4-6 Nariana
Vihar,RingRoad,NewDelhi_ 110028
Email:akj@ainandco.com

{i

Phones: 25893411
I 3412

0r,

+Lr

f'

Fax:

91-11-2579-7973

JAIN & GO.

Chartered Accountants
P 21122RadhaBazarStreet,Kolkata- 700 001

Phones: 2242-919014005
1810

Email:mkjainandco@gmail.com

MobileNo 9051083800

In our opinion and to the best of our information and according to the explanations
given to us thesequarterly financial resultsas well as the year to date results:

a) are Presentedin accordancewith the requirementsof Regulation 33 of the SEBI

Listing Obligations and Disciosure Requirements ) Regulations, 2015 in this
regard; and
b) give a true and fair view of the net profit and other financial information for the
quarter ended 31't March,20'1,6
as well as the year to date results for the period
from April,2015to March,2016.

For jain & Co.

Chartered Accountants
(Registration No. 302023E)
--'----_---___-=\ )
- t?*
--.---=7-

Place:Kolkata
Dated the L4thday of May,2016

(M.K.]ain)
Partner
(Membership No 55048)

Branch:A-6 NarianaVihar,RingRoad,New Delhi- 110 028

Phones: 25893411
I 3412

Email:akj@jainandco.com

Fax:

91-11-2579-7973

KANCOTEA& INDUSTRIES
LIMITED
KANCO

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

31 shakeswaresarani,Kolkata- 700 017, India,Telefax:2281-s217
E - m a i l : c o n t a c t @ k a n c o t e a . iwne, b s i t e : w w w . k a n c o t e a . i n
c o r p o r a t e l d e n t i t y N u m b e r ( c l N ) - L1 s 4 9 1 w B 1 9 8 3 p L C 0 3 5 7 9 3

F O R MA
Nameof the Com
AnnualFinancial
Statements
for the vear
ended
Typeof AuditObservation
Frequency
of observation

To be signedby:

K A N C OT E A& I N D U S T R I ELSI M I T E D
3 1 " ' M a r c2h0, ' 1 6
of EmphasisUn Modified/Matter
Un Modified
Whether
h coew l o n g
time.../repetitive.../sin
period. Since the Audit Report is
Un Modified,the clarificationon this
nt is not
red.

Kcnoo ?ea & Iil..lustriseLsd.

- Mrs.Anuradha
WholeTimeDirector
Kanoria

/\-tJ-r*--,----

WholetimeDiroctot
ChiefFinancial
Officer-Mr.SubhraKantaParhi
Auditorof the CompanyJ a i n& C o
Mr.M K. Jain,Partner
P-21122,
RadhaBazarStreet,
Kolkata700001

AuditCommittee,
ChairmanMr.NavinNavar

htr6

ta I trlrrtrln Urn
Sr.ru
ft
r. ia,""la
"t"
Oh

".'t
QJ9lorcotrt
For

F o r a n d o n b e h a l fo f A u d i tC o m m i t t e e

5l

No

3
4
5

6
7
8
9
10
11
12
I J

'14
15

KANCOTEA & INDUSTRIESLIMITED

R e g d .O t f i c e : ' J a s m i n e T o w e r ' , 3Fr dl o o r , 3 1S
, h a k e s p e a rSea r a n iK
, o l k a t a- 7 O O O 1 7
Telefax:22815217,E-Mail: contact@kancotea.in,
Website:www.kan..Jrea.in,
CIN-115491W81983p1C035793
Statementof Consolidated
AuditedF
Results
IOrIne Quarierano YearEnded31st
20
I
t in Lak
Particulars
Year ended)
QuarterEnded
31103t201631t12t2015 3110312016
Audited
Unaudited
Audited
I Incomefrom Ooerations
from ooerations
lNet sales/lncome
843
1323
4171
843
1323
4 1 71
lTotalIncomefrom Operations
Exoenses
(a) Costof materialsconsumed
39
72
509
(b) Changesin inventoriesoffinishedgoods
562
( 11 4 )
393
aF^
(c) Employeebenefitexpense
552
17 6 5
(d) Depreciation
and amortlsationexpenses
29
113
(e) Power& Fuel
52
74
331
(0 Consumption
of Storesand Spares
6T
88
450
(g) Selling& Dastribution
Expenses
75
55
220
(h) Otherexpenses
435
86
695
TotalExoenses
185'1
1151
396S
Profit/ (Loss)from operationsbeforeother income,financecosts and exceptionalitems
( 10 0 8 )
172
202
(1-2)
Otherincome
Profit/ (Loss)from ordlnaryactivitiesbeforeflnancecostsand exceptionalitems( 3+4 )
Financecosts
Profit/ (Loss)from ordinaryactivitiesafterfinancecosts but beforeexceottonalitems(56)
Exceptional
ltems
Profit/ (Loss)from ordinaryactivitiesbeforetax( 7-8 )
Tax expenses
Profit/ (Loss)from ordinaryactivitiesaftertax( 9 - 10 )
Extraordinary
ltems(netof tax expense)
Net Profit/ (Loss)for the period(11-12)
Paid-upequitysharecapital(Facevalueper ShareRs.10/-)
ReservesexcludingRevaluationReserveas per balancesheetof previousaccounting
year

(e45)

10
182

115
317

16
(e61)

13
169

t6

(e61)
52
(1013)

169

239
52
'187

OJ

( 10 13 )
170_.76

'tun
169
Itv.to

147
170.76
2102

1 6 EarningsPer Share(before& afterextraordinary

items)(of t 10/- each)
a) Basic(.notannualised)
b) Diluted(-notannualised)
Statementof Assetsand Liabilities
Particulars

Equityand Liabilities
Shareholders'
Fund
ShareCapital
Reservesand Surplus
Sub{otalShareholders'
funds
Non-Current
Liabilities
Long-TermBorrowings
Deferredtax Liabilities(Net)
OtherLongTerm Liabilities
LongTerm Provisions
Sub-Totalof Non-CurrentLiabilities
CurrentLiabilities
Short-Term Borrowings
TradePayables
OtherCurrentLiabilities
Short-TermProvisions
Sub-Totalof CurrentLiabilities
TotalEquityand Liabilities
B Assets
1 Non-Current
Assets
FixedAssets
TangibleAssets
Intangible
Assets
Non-Current
Investments
LongTerm Loansand Advances
OtherNon-Current
Assets
Sub-Totalof Non-Current
Assets
CurrentAssets
CurrentInvestment
Inventories
TradeReceivables
Cashand Bank Balances
Short-TermLoansand Advances
Sub-Totalof CurrentAssets
Total Assets

(60.s5).
(60.55)-

8.84'
8.84-

v_/J

tn
As at
31t03t?O't6
(Audited)

211
2102
231i
zoI

'19
z5
281
CVU

zoo
68
643
568

1545
4450

1454
1
645
1245
30
3375
471
JVC

131
1075
4450

Notes
1. The abovefinancialresultswere reviewedby the Audit Committeeand appro',edby the Boardof Directorsat their meetingheld on
14thof May,2016.The informationpresentedaboveis erlractedfrom the auditedslandalonefinancialstatement.
2. The ConsolidatedFinancialResults have been preparedin accordancewith AccountingStandard-21" ConsolidatedFinancial
Statements".
3. The Boardhas recommendeda divjdendof Rs.7/-and Rs.s/-per PreferenceShareof FaceVatueof Rs.1oO^EquityShareof Face
Valueof Rs.10/-per share being7% and 50% respectively
for the year ended3'1stMarch,2o16subjectto approvalof Shareholders
in the ensuingAnnualGeneralMeeting.
4. lnformationon StandaloneAccountsas per Regulation33 of SEBI(ListingObligations& DisclosureRequirements)Regulations,
2015
Particulars

\o

tl
ill

5.
6.
7.

QuarterEnded
Year ended )
31/03/2016 3 1 t 1 2 t 2 0 1 5 31t03t2016
Audited
Audited
Unaudited
(Turnover)
ncomefrom ODerations
1323
843
4171
)roflt beforetax
aa.
(9631
161
rroflt after tax
'161
( 10 14 )
181
The Companyhas one reportablesegment,which is tea. Accordingly,no disclosureunder AccountingStandard-17dealingwith
SegmentReportinghas been made.
The costof materialsconsumedrepresentsonlygreenleaf purchasedfromthirdparties.
The Provisionfor TaxesincludesCurrentTax and DeferredTax and Mat CreditEntitlement.
The figuresof last quarterfor the currentyear is the balancingfiguresbetweenauditedfiguresin respectof the full financialyear
ended31st Marchand the unauditedpublishedyear-to-date
figuresupto thirdquarter31st December,which was subjectto limited
revtew.
The subsidiarywas incorporated
on 30th of March,2o16and commencedits operationof businessin the currentyear and this being
the firstyearof operationof subsidiary,prevrousyear figuresare not available.
By the orderof the Board

/.tLz_*nl.-*_
Kolkata,the 14thMay,2016

U.Kanoria
Chairman& Director
DIN:00081108

JAIN & GO.

Ghartered Accountants
P 21122RadhaBazarStreet,Kolkata- 700 001

Phones: 2242-919014005
1810

Email:mkjainandco@gmail.com

MobileNo 9051083800

Auditor's Report On Ouarterllz Consolidated Financial Results and year to Date

Resultsof the Company Pursuantto the Regulation33 of the SEBI (listing Obligations
and DisclosureRequirements)Regulations,20L5
To
Board of Directorsof KANCO TEA & INDUSTRIES LIMITED.

We have audited the quarterly consolidated financial results of KANCO TEA &
INDUSTRIES LIMITED for the quarter ended 31s March,20'16and the consolidated
year to date results for the period April,2015 to March,20'1.6
attachedherewith , being
submitted by the company pursuant for requirement of Regulation 33 of SEBI( Listing
Obligations and Disclosure Requirements ) Regulations,2015.These consolidated
quarterly financial results as well as the consolidatedyear to date financial results have
been prepared from consolidated interim financial statements, which are the
responsibilityof the company's management.Our responsibility is to expressan opinion
on theseconsolidatedfinancial results based on our audit of such consolidatedinterim
financial statements, which have been prepared in accordancewith the recognitionand
measurement principles laid down in Accounting Standard for Interim Financial
Reporting ( AS 25 / Ind AS 34 ), mandated under Section 133 of the CompaniesAct,
2013 read with relevant rules issued thereunder or by the Institute of Chartered
Accountantsof India, as applicable and other accountingprinciples generally accepted
in India.

We conductedour audit in accordancewith the auditing standardsgenerallyacceptedin

India. Thosestandardsrequire that we plan and perform the audit to obtain reasonable
assuranceabout whether the financial results are free of material misstatement(s). An
audit includes examining, on a test basis,evidencesupporting the amounts disclosedas
financial results. An audit also includes assessingthe accounting principles used and
significant estimates made by manag

We believe that our audit provides a

reasonablebasisfor our ooinion.

I

Branch:4-6 NarianaVihar,RingRoad,NewDelhi- 110028

I 3412
Phones: 25893411

Email:akj@ainandco.com

Fax:

9'l-11-2579-7973

JAIN & GO.

Ghartered Accountants
P 21122RadhaBazarStreet,Kotkata- 700 001

Phones: 2242-919014005
1810

Email:mkjainandco@gmail.com

MobileNo 9051083800

We did not audit the financial statement of 1 (one) subsidiary included in the
consolidatedquarterly financial results and consolidated year to date results , whose
consolidatedinterim financial statementsreflect total assetsof Rs 1,,02,73,006/as at}l't
- as at the quarter ended 31't March,201,6;
March,2016and Rs 1,02,73,006/
as well as the
total revenueof Rs 9,95,838/- as at 3LstMarch, 2016 and Rs 2,26,626/- as at the quarter
ended 3L't March, 201'6. These interim financial statements and other financial
information have been audited by other auditors whose report has beenfurnished to us,
and our opinion on the quarterly financial results and the year to date results , to the
extent they have been derived from such interim financial statementsis basedsolely on
the report of such auditors.

In our opinion and to the best of our information and according to the explanations
given to us thesequarterly and yearly consolidatedfinancial results:
(i) include the quarterly and year to date financial results of Winnow Investments
And SecuritiesPrivate Limited;
(ii)have been presentedin accordancewith the requirementsof Regulation33 of the
SEBI ( Listing Obligation and Disclosurerequirements)Regulations,2015in this
regards,and
(iii) give a true and fair view of the consolidated net profit and other financial
information for the quarter ended 31't March,20-1,6
as well as the consolidatedyear
to date results for the period from April 1,2015to March 3'1,,20'J.6
For |ain & Co.
Chartered Accountants
(Registration No. 302023E)

Place : Kolkata
Dated the L4thday of May,2016

(Membership No 55048)

Branch:A-6 NarianaVihar,RingRoad,New Delhi- 110028

Phones: 25893411I 3412

Email:akj@jainandco,com

Fax:

91-1'l-2579-7973

KANCOTEA& INDUSTRIES
LIMITED
Registered Offlce : "Jasmine Tower",
3rd Floor
31 shakespeare
sarani,Kolkata- 700 017, India,Telefax:22gr-b217
E - m a i l : c o n t a c t @ k a n c o t e a . iwne, b s i t e : w w w . k a n c o t e a . i n
C o r p o r a t eI d e n t i t y N u m b e r ( C I N ) - L 1 5 4 9 1 W 8 1 9 8 3 P L C O 3 5 7 9 3

KANCO

FORM A
Nameof the Com
K A N C OT E A& I N D U S T R I ELSI M I T E D
AnnualConsolidated
Financial
Statements
forthe i 3 ' '"!' M a r c h2, 0 1 6
ar ended

Typeof AuditObservation
Frequency
of observation

To be signedby:
- Mrs.Anuradha
WholeTimeDirector
Kanoria

ChiefFinancial
Officer-Mr.SubhraKantaParhi

of EmphasisIUntvtoOiReO/Matter
i un HlooiReo
Whether
appeareo
time...irepetitive.../since
how long
period"...Since the Audit Report is
Un Modified,the clarification on this
is not

IrDe ?ee & IndurtrteoLtd

A-t4]--ir-;

tf,tcl,rtlne Dlrector
tor trracofce i |l6srfiltr Udt-,
1_-rr1r1rrJ1oohf:C,t,
.Ii&rf Hlnr6statfr.

Auditorof theCompanyJain& Co
Mr.M K. Jain,Partner
P-21122,
RadhaBazarStreet,
Kolkata700001

& co.
a-

Pffitner

AuditCommittee,
ChairmanMr.NavinNavar

Forandon behalfof AuditCommittee

r\hrr* \-lry.SrgnatLire