AI assistant
Thacker & Co. Ltd. Interim / Quarterly Report 2019
62883_rns_2019-11-02_a6ee4ae7-9cfc-48a1-82b3-1b23b1a3de94.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
Ref.: TCL/19-20/ 021d November, 2019
The Secretary, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.
Dear Sir/Ma'am,
Ref: Scrip Code- 509945
Sub: Outcome of Board Meetinq pursuant to Requlation 30 of SEBI (Listing Obliqation and Disclosure Requirements) Requlations 2015.
Please be informed you that the Board at its meeting held today, which commenced at 02.15 p.m. and concluded at 04.30 p.m., considered and approved the unaudited financial results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2019 along with Statement of Assets and Liabilities, Cash Flow Statement and the Limited Review Report by the Auditors.
Copy of the same are enclosed.
Please take the same on record.
Thanking you,
Yours faithfully, For THACKER AND COMPANY LIMITED
1
Arunku mar Mahabirprasad Jatia
Director End: As above.
Regd. Off.: Bhogilal Hargovindas Building, Mezzanine Fl.18/20,K.Dubhash Marg, Mumbai-400001, India Corporate Office: Jatia chambers, 60 Dr. V.B.Gandhi Marg, Mumbai-400001, India Tel: 91-22-43553333, Web-Site: www.thacker.co.in , E-mail: [email protected] CIN No. : L21098MH1878PLC000033 GST No. : 27AAACT3200A1Z7
THACKER AND COMPANY LIMITED
Regd. Office : Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K. Dubash Marg, Mumbai 400 001
Tel. No. : 91-22-43553333 E-Mail: [email protected] Website: www.thacker.co.in
| (Rs. in lakhs, unless otherwise stated) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Standalone | Consolidated | ||||||||||||
| Particulars | Quarter Ended | Half year ended | Year ended | Quarter Ended | Half year ended | Year ended | |||||||
| (Unaudited) 30.09.2019 |
(Unaudited) 30.06.2019 |
dited) 2018 30.09. Unauc |
(Unaudited) 30.09.2019 |
(Unaudited) 30.09.2018 |
31.03.2019 (Audited) |
Unaudited) 30.09.2019 |
30.06.2019 (Unaudited) |
(Unaudited) 30.09.2018 |
(Unaudited) 30.09.2019 |
(Unaudited) 30.09.2018 |
31.03.2019 (Audited) |
||
| ø | Net sales / income from operations Income from operation |
50.11 | 7.15 | 0.90 | 57.27 | 5.15 | 115.44 | 72.97 | 78.33 | 142.77 | 260.98 | ||
| م | Other Operating Income | 93.26 | 59.80 | 90.51 | 153.06 | 2.41 147.76 |
262.81 | 95.72 | 62.76 | 93.14 | 188.60 158.38 346.98 |
152.47 | 272.84 |
| Total Income from operations (net) [1a + 1b] | 143.37 | 66.95 | 91.41 | 210.33 | 150.17 | 267.96 | 211.16 | 135.73 | 171.47 | 295.24 | 533.82 | ||
| $\mathbf{\hat{z}}$ | Expenses | ||||||||||||
| α α | Purchases of stock-in-trade | ٠ | 44.80 | 31.17 | 58.86 | 75.97 | 66.39 | 120.49 | |||||
| Changes in inventories of stock in trade | (9.02) | (19.21) | (9.87) | ||||||||||
| Employee benefits expense | 5.15 | 5.07 | 5.93 | 10.21 | 11.29 | 22.70 | 6.99 | 7.17 | 7.80 | 14.35 | $(18.22)$ $14.99$ |
$(20.80)$ $32.53$ |
|
| Depreciation and amortisation expense | 52.60 | 52.60 | 59.33 | 105.21 | 118.71 | 237.42 | 53.51 | 52.79 | 59.71 | 106.30 | 119.47 | 238.65 | |
| Finance cost | 4.22 | 5.05 | 9.27 | 14.78 | 28.50 | 4.96 | 5.72 | 7.86 | 10.69 | 15.23 | 29.32 | ||
| o | Other expenses | 23.78 | 5.95 | 7.56 7.60 |
29.73 | 14.66 | 25.64 | 42.91 | 21.76 | 39.43 | 64.57 | 63.08 | 149.84 |
| Expenses [sum of (a) to (g)] | 85.75 | 68.67 | 154.42 | 159.44 | 314.26 | 144.16 | 117.77 | 154.45 | 262.01 | 260.94 | 550.03 | ||
| s | Profit/(Loss) before Tax (1-2) | 57.62 | (1.71) | $\frac{8042}{10.99}$ | 55.91 | (9.27) | (46.30) | 67.01 | 17.96 | 17.01 | 84.97 | 34.31 | (16.22) |
| Tax expense | (0.06) | 0.15 | (0.12) | 0.09 | (0.26) | (0.54) | 0.95 | 4.69 | 2.07 | 5.64 | 10.83 | 7.09 | |
| 10 | Net Profit from Ordinary Activities After Tax (3-4) | 57.68 | (1.86) | 11.11 | 55.82 | (9.01) | (45.76) | 66.06 | 13.27 | 14.94 | 79.33 | 23.48 | (23.30) |
| $\pmb{\omega}$ | Extraordinary Items | ||||||||||||
| $\frac{1}{8}$ | Share of profit / (loss) of associates Net Profit for the period (5+6) |
57.68 | (1.86) | 11.11 | 55.82 | (9.01) | 45.76 | 66.06 132.30 |
13.27 81.97 |
14.94 | 79.33 214.27 |
23.48 | $(23.30)$ 302.90 |
| Net profit after taxes and share of profit / (loss) of | |||||||||||||
| œ | associates (7+8) | 57.68 | (1.86) | 11.11 | 55.82 | (9.01) | (45.76) | 198.36 | 95.24 | 133.80 | 293.60 | 230.85 | 279.60 |
| 10 | Other comprehensive income | ||||||||||||
| - Changes in fair value of FVOCI equity instruments Share of changes in fair value of FVOCI equity |
(57.21) | (33.52) | 10.33 | (90.73) | (19.66) | (74.85) | (77.09) | (45.17) | 13.92 | (122.25) | (26.49) | (100.86) | |
| instrument from associate | (11.23) | 22.94 | (14.25) | 11.71 | (13.35) | (67, 63) | |||||||
| Share of Remeasurements of post-employment Remeasurements of post-employment benefit oligations |
|||||||||||||
| benefit obligations from associate | 1.37 | 127 | 1.37 | 2.64 | 2.55 | 5.33 | |||||||
| Other comprehensive income for the period | (57.21) | (33.52) | 10.33 | (67.73) | (19.66) | (74.85) | (86.98) | (20.96) | 1.04 | 107.90 | (37.29) | 163.16 | |
| F | Total comprehensive income for the period (9+10) | 0.48 | (35.38) | 21.44 | (34.91) | (28.67) | 120.61) | 111.41 | 74.28 | 134.84 | 185.70 | 193.56 | 116.44 |
| 12 | Paid up Equity Share Capital (face value Re. 1 per share) Reserves excluding Revaluation reserves as per audited |
10.88 | 10.88 | 10.88 | 10.88 | 10.88 | 10.88 | 10.88 | 10.88 | 10.88 | 10.88 | 10.88 | 10.88 |
| 13 | balance sheet of previous accounting year | 1,043.43 | , | , | 5,596.02 | ||||||||
| # | Earnings Per Share (EPS) (not annualised): (Basic & Diluted) |
5.30 | $(0.17)$ $(0.17)$ |
$1.02$ $1.02$ |
5.13 | $(0.83)$ $(0.83)$ |
$(4.21)$ $(4.21)$ |
18.23 18.23 |
8.75 8.75 |
$12.30$ $12.30$ |
26.99 26.99 |
21.22 | 25.70 25.70 |
L $\overline{c}$ .
Distribution of
Q.
| Standalone | I | Consolidated | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Particulars | Quarter Ended | Half yearended | Year ended | Quarter Ended | Half year ended | Yearended | ||||||
| (Unaudited) 30.09.2019 |
30.06.2019 1 30.09.2018 1 30.09.2019 (Unaudited) 1 (UnaudTti) I |
(unaudited)I (unaudited)I I |
30,09.20181 31.03.2019 (Audited) |
(Unaudited) | 30.09.2019 1 30.06,2019 1 30.09.2018 | (Unaudited)I (Unaudited) | 01 L(Unaudited) 09.2 30. I |
(Unaudited) 9 30.09.2018 |
31.03.2019 (Audited) |
|||
| mentRevenue Seg |
||||||||||||
| Investment & Finance | '- | - ' U) |
||||||||||
| Business Centre | 0) CD '0-CD Cl) CD |
0'- '—CO |
Cl) Cl) Cl) F- Cl) U) |
CD CD U)'— CD 0) '0 It) |
ION- T7 cR |
CD'— (NW U) U) |
0) 0 00 0)'— U) CD |
CD CD'— '—U) U) |
U) Cl) U) F- U) U) |
CD CD U)'— CD 0) U) |
ION. W F- |
C> - (NW CD CD U) Cl) |
| Trading Business | F- U) | (D 0C | b. c. d. |
a. | b. c. |
d. a. |
a. b. c. |
(0 (N | ||||
| -Scanners & related Products | C | C | 0) F-- U) |
U) F- U) CD |
CD CD CD U) |
U) CD CD U) |
0 U) U) |
to U) U) (N |
||||
| -Others | C | C | ||||||||||
| OtherUnallocables | U) U) (N |
U)0 | U) C'- |
U) F- CD |
U) | co F- I (N |
00 N |
- U) '- |
U) CD |
- LO ,- |
It) - |
|
| Net Sales/Revenue from Operation | F- C-) U) 0- |
U) CD CD |
0) | (C) U) 0 '-'- (N |
N. T7 '—CD T7 U) |
LOU) -O) '—F- U) |
W U) - (N |
U) r- U) U) |
F- F- |
U) F--a) U) C-, |
le (N 16 0) (N |
(N U) U) Cl) U) |
| SegmentResults 2 |
U) | |||||||||||
| Profit before Interest & Tax | ||||||||||||
| Investment& Finance | 00 | CN | 01 | U) M U) Cl) |
(N | U) | (N | |||||
| Business Centre | CD U) CD CD Cl) CO |
0) U) | '—U) (NF- 0) F- |
CD (N | 0)01 U)(l? U) '0 04'— |
OW 04W 0) U) '—(N |
CD U) (D0 CD CD U) U) |
0) U) F- (N'— |
- U) (NF- 0) F- |
CD (N U)'— Cl) |
O)(N Cl) CO CD Nr |
CD U) (NW CO LO (N |
| Trading Business | ||||||||||||
| -Scanners & related Products | C | C | C | (N '- CD |
00 CD 0) '- |
(N U) CO |
N- CD Cl) |
- U) |
CD U) |
|||
| -Others | C | C | C | |||||||||
| d.Add/Less: Other Unallocables | CD | '- | '- | |||||||||
| Total SegmentResult | (NU)CNW '0- CD |
'0- U) U) | '0 to CD '- 00 F- |
U) U) F- CD |
CD CD to 4 | '0U)CD 00CC) '-'- CD CD F- |
U) F- CD 010) CT) '0'— F- |
'—-Lt) '0-U) U) (N |
(N F-6 | U) U) 0) CD U) CD |
(NCDCD('J - U) CD (I) CD (0 |
0) 0 (N -.- (N CD 0 CD U) 0) |
| Less: e) Interest / financecost | 04 | U) | '- | F- U) (N'— |
CD (N | |||||||
| Total Profit! (Loss) BeforeTax | (N F- U) |
C) r_ |
0) 0)U)U)0) 0 |
(N'-040) U) |
CDCD'-F-- co 0U)U)F-(N C) |
0 Cl) CD |
0 0 F- CD |
U) CDCDa) F- |
0)CDCDO F- |
F- (NCDU)QC 0) '—U) |
- OU)CDU)U) ' Cl) |
(N O)0CD'—U)(N (0 |
| (SegmentAssets-SegmentLiabilities) 3 Capital Employed |
||||||||||||
| Investment& Finance | ||||||||||||
| Business Centre | 00 U) LO 00 CD 0- 00 — cN |
F- CD Cl) OD U) 0) (N LO |
0)0 F- CO U) U) CD U) '-(N |
U) U) U) U) CD Nt Wj-. |
1-00 U)O U) U) (N It) (DU) |
'0- U)0) 04 CD U) CD |
Cl) U) (NW F- 4 0) '0 U)- L(i (N |
'- CD (D 00 0 0) '—U) U) (N |
(N CD CO LI) 00 U) U) U) (N |
U) U) (NW F- (3) L6 C4 |
(NO U) to U) U) (U) U) (N |
(NO) 0)— (3) CD Iq CD C%4 C14 U)(N |
| Trading Business | (N | C 04 CO | (N | (N | U) - U)-- |
W | ||||||
| -Scanners & related Products | U) | CD | (N | |||||||||
| -Others | - | |||||||||||
| Unallocated | - CD (N CDF- 146 U) r- |
U) U)U)C) U) t CD U) |
U) It) CD |
CD (N CDF- C '0- 0) F- |
'--0- U)U)N- ,-,-0 '—CD |
0)0) (D (N CLr; 06 (D a) |
U) U) (N O)U)N-- U) 4 0) 0) Cl) F |
U) 0) U) -U)U)U) DC U) '0 (D (D U) |
CD-.- U) U) CD |
- U) 0 (N O)(DF 0) IT (Y) .- 0) U) F- |
0'— 'UU)LO CD |
(NO) CO (NCD(NO) U) U) U) CD 0) |
| Total Capital Employed | 3,058.52 | U) 03 0 U) |
f 3,400 |
(N U) CO II) q U) |
0 | 3,195.20 | (N U) U) U) F |
0 U) F |
7,927.38 | (N V. CD CO CO F |
7,927.38 | CD U) F F |
| F- - - |
- |
| (Rs. in lakhs, unless otherwise stated) | ||||
|---|---|---|---|---|
| PARTICULARS | STANDALONE | CONSOLIDATED | ||
| 30.09.2019 | 31.03.2019 | 30.09.2019 | 31.03.2019 | |
| (Unaudited) | (Audited) | (Unaudited) | (Audited) | |
| ASSETS | ||||
| Non-current assets | ||||
| a. Property, plant and equipment | 2,347.32 | 2,451.66 | 2,360.39 | 2,457.07 |
| b. Intangible Assets | 0.94 | 1.81 | 0.94 | 1.81 |
| d. Financial assets | ||||
| i. Investments | 810.15 | 900.88 | 5,538.80 | 5,288.59 |
| e. Deferred tax assets (net) | 4.43 | 4.52 | 6.65 | 6.93 |
| f. Income tax assets (net) | 92.29 | 98.00 | 98.86 | 101.94 |
| Total non-current assets | 3,255.13 | 3,456.86 | 8,005.63 | 7,856.35 |
| Current assets | ||||
| a. Inventories | 22.60 | 22.60 | 67.63 | 57.75 |
| b. Financial assets | ||||
| iii. Trade receivables | 34.41 | 17.40 | ||
| iv. Cash and cash equivalents | 56.91 | 63.16 | 140.59 | 233.16 |
| v. Other financial assets | 3.19 | 5.53 | 3.83 | 13.48 |
| c. Other current assets | 6.36 | 13.11 | 12.71 | 46.16 |
| Total current assets | 89.05 | 104.40 | 259.17 | 367.95 |
| TOTAL ASSETS | 3,344.18 | 3,561.26 | 8,264.80 | 8,224.30 |
| EQUITY AND LIABILITIES | ||||
| a. Equity | ||||
| Equity share capital | 10.88 | 10.88 | 10.88 | 10.88 |
| b. Other equity Reserves and surplus |
3,047.64 | 3,184.32 | 7,875.24 | 7,726.03 |
| Total equity | 3,058.52 | 3,195.20 | 7,886.12 | 7,736.91 |
| LIABILITIES | ||||
| Non-current liabilities | ||||
| a. Financial Liabilities | ||||
| b. Employee benefit obligations | ||||
| c. Deferred tax liabilities | ||||
| d. Other non current liabilities | ||||
| Total non-current liabilities | ۰ | ۰ | ۰ | |
| Current liabilities | ||||
| a. Financial liabilities | ||||
| i. Trade payables | ||||
| - Dues to micro and small enterprises | ||||
| - Dues other than micro and small enterprises |
13.93 | 2.85 | 73.47 | 74.68 |
| ii. Other financial liabilities | 268.71 | 360.19 | 270.50 | 392.64 |
| b. Employee benefit obligations | 3.03 | 3.03 | 3.03 | 3.03 |
| c. Other current liabilities | 31.67 | 17.03 | ||
| Total current liabilities | 285.66 | 366.06 | 378.68 | 487.38 |
| Total liabilities | 285.66 | 366.06 | 378.68 | 487.38 |
| TOTAL EQUITY & LIABILITIES | 3,344.18 | 3,561.26 | 8,264.80 | 8,224.30 |
| Statement of Standalone Cash flow for the half year ended 30th Sept, 2019 | |||
|---|---|---|---|
| (Rs. in lakhs, unless otherwise stated) | |||
| Particulars | As at | As at | |
| 30.09.2019 | 30.09.2018 | ||
| A. CASH FLOW FROM OPERATING ACTIVITIES: | |||
| Profit / (Loss) before Extraordinary Items & Tax | 55.91 | (9.27) | |
| Add / (Less) Adjustments for: | |||
| Depreciation and amortisation expense | 105.21 | 118.71 | |
| Rental income & Licence Fees | (53.99) | (2.40) | |
| Amortisation of Revaluation reserve | (101.78) | (112.47) | |
| Dividend income | (38.48) | (32.11) | |
| Operating profit before working capital changes | (33.13) | (37.54) | |
| Add/(Less) Adjustments for: | |||
| (Increase) / decrease in Trade & Current Asset | 9.09 | 3.00 | |
| (Increase) / decrease in Inventories | 0.00 | ||
| Increase / (decrease) in Current Liabilities | (15.49) | (15.07) | |
| Cash Generated from/(Used in)Operations | (39.53) | (49.61) | |
| Direct Taxes Paid / (Refund) | 5.71 | 2.09 | |
| NET CASH GENERATED FROM/(USED IN) OPERATING ACTIVITIES [A] | (33.82) | (47.52) | |
| B. CASH FLOW FROM INVESTING ACTIVITIES: (Purchase)/Sale of Fixed Assets (Purchase)/Sale of Investment Rental Income |
53.99 | 2.40 | |
| Dividend Income | 38.48 | 32.11 | |
| Profit on sale of Investment | |||
| NET CASH GENERATED FROM / (USED IN) INVESTING ACTIVITIES: [B] | 92.47 | 34.51 | |
| C. | CASH FLOW FROM FINANCING ACTIVITIES: | ||
| Proceeds from Intercorporate deposit | 76.40 | ||
| Repayment of Intercorporate deposit | (64.90) | (60.30) | |
| NET CASH GENERATED FROM /(USED IN) FINANCING ACTIVITIES: [C] | (64.90) | 16.10 | |
| Net increase in Cash and Cash equivalents [A+B+C] | (6.25) | 3.09 | |
| Cash and Cash Equivalents At The Beginning Of The Year | 63.16 | 63.57 | |
| Cash And Cash Equivalents At The End Of The Year | 56.91 | 66.66 |
Notes:
The above Cash Flow statement has been prepared under the "Indirect Method" set out in Indian Accounitng Standard (Ind AS
7) on statement of Cash Flow
| Statement of Consolidate Cash flow for the half year ended 30th Sept, 2019 | |||
|---|---|---|---|
| in lakhs, unless otherwise stated) | |||
| Particulars | As at | As at | |
| 30.09.2019 | 30.09.2018 | ||
| А. | CASH FLOW FROM OPERATING ACTIVITIES: | ||
| Profit / (Loss) before Extraordinary Items & Tax | 84.97 | 34.31 | |
| Add / (Less) Adjustments for: | |||
| Depreciation and amortisation expense | 106.30 | 119.47 | |
| Loss on sale of assets | 0.15 | ||
| Rental income & Licence Fees | (53.99) | (2.40) | |
| Amortisation of Revaluation reserve | (101.78) | (112.47) | |
| Dividend income | (39.07) | (32.70) | |
| Operating profit before working capital changes Add/(Less) Adjustments for: |
(3.41) | 6.21 | |
| (Increase) / decrease in Trade & Current Asset | 25.72 | (33.44) | |
| (Increase) / decrease in Inventories | (9.87) | (18.22) | |
| Increase / (decrease) in Current Liabilities | (43.44) | 14.80 | |
| Cash Generated from/(Used in)Operations | (31.00) | (30.65) | |
| Direct Taxes Paid / (Refund) | 2.27 | (7.51) | |
| NET CASH GENERATED FROM/(USED IN) OPERATING ACTIVITIES [A] | (33.27) | (38.16) | |
| В. | CASH FLOW FROM INVESTING ACTIVITIES: | ||
| (Purchase) / Sale of Fixed Assets | (8.90) | ||
| (Purchase) / Sale of Investment | (78.56) | ||
| Rental Income | 53.99 | 2.40 | |
| Dividend Income | 39.07 | 32.70 | |
| NET CASH GENERATED FROM / (USED IN) INVESTING ACTIVITIES: [B] | 5.60 | 35.10 | |
| CASH FLOW FROM FINANCING ACTIVITIES: | |||
| Proceeds from Intercorporate deposit | 3.00 | 76.40 | |
| Repayment of Intercorporate deposit | (67.90) | (60.30) | |
| NET CASH GENERATED FROM /(USED IN) FINANCING ACTIVITIES: [C] | (64.90) | 16.10 | |
| Net increase in Cash and Cash equivalents [A+B+C] | (92.57) | 13.04 | |
| Cash and Cash Equivalents At The Beginning Of The Year | 233.16 | 179.58 | |
| Cash And Cash Equivalents At The End Of The Year | 140.59 | 192.62 |
The above Cash Flow statement has been prepared under the "Indirect Method" set out in Indian Accounitng Standard
(Ind AS 7) on statement of Cash Flow
А Mumba
207.37 230.85 $(37.29)$ This reconciliation statement has been provided in accordance with circular CIR/CFD/FAC/62/2016 issued by SEBI dated July 5, 2016 on account of implementation of 23.48 Pursuant to an application made by the Company to Reserve Bank of India ('RBI'), for voluntary surrender of its Non-Banking Finance Institution ('NBFI') license, RBI (Rs. in lakhs, unless otherwise stated) 193.56 Consequent upon surrender of NBFC license, as aforesaid, these statements have been prepared in accordance with the Companies (Indian Accounting Standards) Consolidated 30.09.2018 The Limited Review under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 has been carried out by the Statutory Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. Half Year Ended $\equiv$ $(19.01)$
$(19.66)$ $(9.01)$ $(28.67)$ The reconciliation of net profit reported in accordance with Indian GAAP to total comprehensive income in accordance with Ind AS is given below: 30.09.2018 Standalone vide Order dated November 30, 2018 ('Order') has cancelled its Certificate of Registration as a NBFI, with effect from date of the Order. The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors. The figures for the previous period have been recast/ regrouped wherever necessary to confirm to current period's presentations. 118.86 133.80
1.04 14.94 134.84 Consolidated FOR Thacker & Company Limited 30.09.2018 Quarter ended Beginning April 1 2018, the Company has for the first time adopted Ind AS with a transition date of April 1, 2017. Prid $c_{o}$ $\equiv$ $\frac{11.11}{10.33}$ 21.44 Arun Kumar Jatia 11.11 CALL OF SPIRIT 30.09.2018 Standalone (Director) Subsidiary Company Associate Company Associate Company Relationship Other comprehensive income for the period, net of tax The consolidated financials results include results of :-Vet profit as per previous GAAP (Indian GAAP) Description Total comprehensive income for the period nd AS adjustments impacting net profit Pudumjee Paper Products Limited Date: 02nd November, 2019 Ind-AS by listed companies. Fujisan Technologies Limited AMJ Land Holdings Limited Net profit as per Ind AS Transition to IND AS: Place: Mumbai Name otes: íq a $\mathbf{N}$ ത് 4. မာ 6
Limited Review Report on unaudited standalone quarterly and Year to date Financial Results of Thacker and Company Limited Under regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Review report to,
The Board of Directors,
Thacker and Company Limited.
We have reviewed the accompanying statement of Standalone unaudited financial results of Thacker and Company Limited ("the Company") for the Quarter & Half Year ended September 30, 2019 ("the Statement"). 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 these financial statements based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of Indiir. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides 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 above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
We did not review the interim financial results of two Associate Companies included in accompanying statement details of which are as under:
One associate company included in accompanying statement whose results reflect total assets of Rs. 12,009.39 lakhs as at September 30, 2019 and revenue of Rs. 447.17 lakhs and Rs. 884.85 lakhs, net profit after tax of Rs. 116.07 lakhs and Rs. 123.86 lakhs, and total comprehensive income of Rs. 339.13 lakhs and Rs. 199.25 lakhs for the quarter and half year ended September 30, 2019 respectively, and cash flows (net) of Rs. 137.90 lakhs for the half year ended September 30, 2019 as considered in the Statement. The interim financial results of this associate company have been reviewed by the other auditors whose report have been furnished to us by the Management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this associate company, is based solely on the report of such other auditors.
Our Conclusion on statement is not modified in respect of above matter.
Further, another associate company included in accompanying statement whose results reflect total assets of Rs. 50,192.27 lakhs as at September 30, 2019 and revenue of Rs. 15,990.86 lakhs and Rs. 32,064.28 lakhs, net profit after tax of Rs. 764.28 lakhs and Rs. 1,340.40 lakhs, and total comprehensive income of Rs. 773.35 lakhs and Rs. 1,358.54 lakhs for the quarter and half year ended September 30, 2019 respectively, and cash
flows (net) of Rs. (75.29) lakhs for the half year ended September 30, 2019 as considered in the Statement. The interim financial results of this joint operation have been reviewed by the other auditors whose report have been furnished to us by the Management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this associate company, is based solely on the report of such other auditors.
Our Conclusion on statement is not modified in respect of above matter.
For and on behalf of, ADV & Associates Chartered Accountants FRN: 128045W
Prakash Mandhaniya Partner Membership No. : 421679 Place: Mumbai Date: 02nd November, 2019 UDIN: 19421679AAAABX1884
Independent Auditor's Review Report On consolidated unaudited quarterly and year to date financial results of Thacker and Company Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
TO,
THE BOARD OF DIRECTORS OF, THACKER AND COMPANY LIMITED
-
- We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Thacker and Company Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit/ (loss) after tax and total comprehensive income / loss of its associates and joint ventures for the quarter & half year ended September 30, 2019 and being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Attention is drawn to the fact that the consolidated figures foi" the corresponding quarter ended and the corresponding period as reported in these financial results have been approved by the Parent's Board of Directors, but have not been subjected to review.
-
- This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2411) "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons' responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
- The Statement includes the results of the followin entities:
| Sr. No. | Name of the Entity | Relationship |
|---|---|---|
| 1. | Fujisan Technologies Limited | Subsidiary Company |
| 2. | AMJ Land Holdings Limited | Associate Company |
| 3. | Pudumjee Paper Products Limited | Associate Company |
Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors, nothing has come to our attention that
causes us to believe that accompanying statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
- We did not review the interim financial results of two associate companies included in the Statement Details of which are as under:
One Associate company included in the statement whose result reflect total assets of Rs. 7,273.57 lakhs as at September 30, 2019 and revenue of Rs. 447.17 lakhs and Rs. 884.85 lakhs, net profit after tax of Rs. 116.07 lakhs and Rs. 123.86 lakhs, and total comprehensive income of Rs. 339.13 lakhs and Rs. 199.25 lakhs for the quarter and half year ended September 30, 2019 respectively, and cash flows (net) of Rs. 137.90 lakhs for the half year ended September 30, 2019 as considered in the Statement. The Statement also includes the Group's share of net profit after tax of Rs. 18.03 lakhs and Rs. 19.24 lakhs and total comprehensive income of Rs. (11.23) lakhs and Rs. 11.71 lakhs for the quarter and half year ended September 30, 2019 respectively, as considered in the Statement in respect of associate company, whose financial results have not been reviewed by Its. These interim financial results have been reviewed by the other auditors whose reports have been furnished to us by the Management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these associate company, is based solely on the reports of such other auditors and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of the above matters.
Further, another Associate company included in the statement whose result reflect total assets of Rs. 50,192.27 lakhs as at September 30, 2019 and revenue of Rs. 15,990.86 lakhs and Rs. 32,064.28 lakhs, net profit after tax of Rs. 764.28 lakhs and Rs. 1340.40 lakhs, and total comprehensive income of Rs. 773.35 lakhs and Rs. 1,358.54 lakhs for the quarter and half year ended September 30, 2019 respectivOly, and cash flows (net) of Rs. (75.29) lakhs for the half year ended September 30, 2019 as considered in the Statement. The Statement also includes the Group's share of net profit after tax of Rs. 114.27 lakhs and Rs. 195.03 lakhs and total comprehensive income of Rs. 1.37 lakhs and Rs. 2.64 lakhs for the quarter and half year ended September 30, 2019 reVectively, as considered in the Statement in respect of associate company, whose financial results have not been reviewed by us. These interim financial results have been reviewed by the other auditors whose reports have been furnished to us by the Management and our conclusion in so far as it relates to the amounts and disclosures included in respect of these associate company, is based solely on the reports of such other auditors and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of the above matters.
Place: Mumbai Date: 02^d November, 2019 UDIN: 19421679AAAABX1884