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T C M LIMITED

CIN-L24299KL1943PLC001192
Regd. Office: 54/555,Elenjickal, MLRWA -21, Muttathil Lane, Kadavanthara, Cochin - 682020
Audited Standalone Financial Results for the Quarter and year ended 31st March 2016
Rs. In Lakhs
Annexure - 1

Corresponding 3 Previous
3 months ended Preceeding 3 months Year ended 31-
months ended 31- year ended
31-03-2016 ended 31-12-2015 03-2016
03-2015 31-03-2015
Particulars
Audited Unaudited Audited Audited Audited
1 Income from operations
a) Net Sales/Income from Operations ( Net of excise
duty) - - - - -
b) Other Operating Income - - - - -
Total income from Operations (net) - - - - -
2 Expenses

a) Cost of material consumed - - - - -


b) Purchase of stock in trade - - - - -
c) Changes in inventories of finished goods work in
progress and stock in trade - - - - -
d) Employee benefits expenses 0.05 1.47 0.13 4.36 4.89
e) Depreciation & Amortisation expense 1.56 1.58 1.84 6.29 7.37
f) Fuel - - - - -
g) Export Duty - - - - -
h) Other expenditure 9.13 14.72 11.61 45.43 37.97
Total Expenses 10.74 17.77 13.58 56.08 50.23

Proft/(loss) from operations before other income,


3 finance costs and exceptional items (1-2) (10.74) (17.77) (13.58) (56.08) (50.23)
4 Other Income - 0.03 2.10 6.29 2.10
Profit/(Loss ) from ordinary activities before finance
5 cost & exceptional items (3+-4) (10.74) (17.74) (11.48) (49.79) (48.13)
6 Finance Costs - - - 0.07 0.07
Profit/(Loss ) from ordinary activities after finance
7 cost & before exceptional items (5+-6) (10.74) (17.74) (11.48) (49.86) (48.20)
8 Exceptional items - - - - -

9 Profit/(loss) from ordinary activities before tax (7+-8) (10.74) (17.74) (11.48) (49.86) (48.20)
10 Tax expenses - - - - -
11 Net/(Loss) from ordinary activities after tax (9+-10) (10.74) (17.74) (11.48) (49.86) (48.20)
12 Extraordinary items (net of tax Expenses lakhs) - - - - -
13 Net profit/loss for the period (11+-12) (10.74) (17.74) (11.48) (49.86) (48.20)
14 Net profit/(loss) after taxes (10.74) (17.74) (11.48) (49.86) (48.20)
Paid up equity share capital (33,99,035 shares of
15 Rs.10 each) 339.90 339.90 339.90 339.90 339.90
Reserve excluding revaluation reserves as per balance
16 sheet of previous accounting year 98.68 98.68 98.68 98.68 98.68

i. Earning per Share ( before extra ordinary items)


17 3399035 Equity Shares of Rs. 10./each not annualised:
a. Basic (0.32) (0.52) (0.34) (1.47) (1.42)
b. Diluted (0.32) (0.52) (0.34) (1.47) (1.42)

T C M LIMITED
CIN-L24299KL1943PLC001192
Regd. Office: 54/555,Elenjickal, MLRWA -21, Muttathil Lane, Kadavanthara, Cochin - 682020
Statement of Assets and Liabilities Standalone
(Rs. In lakhs)
Particulars As at current As at previous
year ended year ended
31.03.2016 31.03.2015
Audited Audited
A EQUITY AND LIABILITIES
1 SHAREHOLDERS' FUNDS:
(a) Share Capital 339.90 339.90
(b) Reserves and Surplus (2,969.96) (2,920.10)
(c) Money received against share
warrants
Sub-total-Shareholders' Funds (2,630.06) (2,580.20)
2 Share application money pending
allotment
3 Minority nterest
4 Non-current liabilities
(a) Long Term Borrowings 1,967.53 1,967.53
(b) Deferred Tax Liability(net) - -
(c) Other long-term liabilities - -
(d) Long term provisions 10.50 10.50
Sub-total-Non-current liabilities 1,978.03 1,978.03
5 Current liabilities
(a) Short term borrowings 547.28 500.70
(b) Trade payables 337.56 337.45
(c) Other current liabilities 0.76 0.76
(d) Short tem provisions 380.21 380.10
Sub-Total-Current Liabilities 1,265.81 1,219.01
TOTAL-EQUITY AND LIABILITIES 613.78 616.84
B ASSETS
1 Non current assets
(a) Fixed assets 132.68 138.96
(b) Goodwill on consolidation - -
(c) Non-current Investments 23.61 23.61
(d) Deferred tax assets(net) - -
(e) Long term loans and advances 191.36 191.36
(f) Other non-current assets - 0.16
Sub-total-Non-current assets 214.97 215.13
2 Current assets
(a) Current Investments - -
(b) Inventories 95.35 95.35
(c) Trade receivables 150.63 150.63
(d) Cash and cash equivalents 18.95 15.77
(e) Short term loans and advances - -
(f) Other current assets 1.20 1.00
Sub-total-Current assets 266.13 262.75
TOTAL - ASSETS 613.78 616.84

Notes
1 Segmental Reporting is not applicable as the company has only one segment.
2 The above results duly approved by the Audit Committee were taken on record
at the meeting of the Board of Directors held on 30-05-2016
3 Previous period figures are regrouped wherever necessary to conform
to the present format.

Erbakulam
30-05-2016
For VBSK & Company On behalf of the Board of Directors
Chartered Accountants
( FRN 010779S)

Joseph Varghese
Suresh. G DIN - 00585755
Partner ( M No.210211) Managing Director
FORM B

COVERING LETTER OF THE ANNUAL AUDIT REPORT TO BE FILED WITH THE


STOCK EXCHANGES

Qualifications/observations

Repetitive since 5 years

he annual financial statements and


anagement response to the
qualification in the directors report:

The irregularitieslnon-compliances are


boardlaudit committee chair: mainly due to the company being sick
and closed for a very long period.
Necessary corrective steps will be taken
once BlFR sanctions the company's
revival scheme.

CEOIManaging Director

Auditor of the company

Audit Committee Chairman


-
AUDIT REPORT 2015 - 2016, Annexure I to Form B

Qualification Management Response

1 All creditors and debtors are subject to The company is trying to obtain confirmation
confirmation; we are unable to report upon its from debtors and creditors. However, the
financial implication on the financial statements company being not in operation for a long
under audit. period of time and registered with BIFR, there
are limitations in this regard.

2 None of the underlying documents in support of The company, a sick unit without normal
the investments as per the financial statements functioning, is trying to obtain certified copies
were made available for our verification except of all documents in respect of the investment
Equity Shares in Shamrao Vithal Co-op Bank as these were lost I misplaced during the long
Ltd for Rs. 50,0001-. Hence we are unable to period of closure of the company
express an opinion on the valuation and
existence of those investments as on 3 IS' March
2016
3 Point No. 111 to the Additional Disclosures and The company is trying to get its applications
Explanatory Notes regarding excess land for exception from land ceiling disposed of at
the earliest

4 Non confirmation of deposits as per point no.VII Letters of confirmations of deposits were sent
to the Additional Disclosures and Explanatory to all parties who have not replied probably
because the accounts are non operative for
Notes
long time

5 Non confirmation of balance4 with banks as per Letters of confirmations of balances were sent
to all banks who have not replied probably
point no. VIIl to the Additional Disclosures and
because the accounts are non operative for
Explanatory Notes
long period.

According to the information given to us by the The company being closed for a very long
7
Management and on the basis of our verification period and continue to be a sick unit,
of the books and accounts and other records of necessary steps in respect of regularizing all
statutory dues are being taken, considering
the company, the company is irregular in
depositing undisputed statutory dues. the revival scheme pending with BlFR

The company being closed for a very long


8 There were some amounts which were required
period and continue to be a sick unit,
to be transferred to the Investor Education and
necessary steps are being taken to transfer this
Protection Fund by the Company Amount
amount to the IEPF
Rs.756201-