BATELI TEA COMPANY LIMITED UNLISTED SHARE
Bateli Tea Company Limited was founded on May 24, 1919 and it is involved in the business of manufacturing and processing tea. It is registered at the registrar of companies in Kolkata. Paid-up capital of the company was Rs. 21,42,000 and an authorized equity share capital of Rs. 24,00,000.
The following are the company's products and services:
Assam Loose Tea
Earl Grey Tea Leaf
Goodwyn Earl Grey Tea
Grown Green Tea
The Company owned one of the oldest tea gardens in Assam. It is spread over approximately 1000 acres and is located in the premium tea quality belt of Assam, India. It is blessed with abundant natural resources and favorable climatic conditions. The tea estate is well-managed by a team of tea agriculture specialists, soil scientists, and irrigation and drainage experts.
INCORPORATION DETAILS
CIN | L40100WB1919PLC003227 |
Registration Date | 24 May 1919 |
Company Name | BATELI TEA COMPANY LIMITED |
Email Address | kolkata@mldgroup.in |
Category/Sub-category of the Company | Company Limited by Shares/Non-Government Company |
Class of Company | Public Company |
Registration Number | 3227 |
Name, Address of the Registered office & contact details | 130, Cotton Street, Kolkata – 700007 |
Name, Address, and Contact details of Registrar and Transfer Agent | ABS Consultant Pvt. Ltd. 99, Stephen House, 6th Floor, 4, B. B. D. Bagh (East), Kolkata - 700 001 Phone No. – 033-2230-1043 |
Listing Status | Listed |
BOARD OF DIRECTORS
S. No. | Name of Directors | Category of Directors |
1. | Mr. Rajinder Prasad Jain | Chairman (Independent Director) |
2. | Mr. Girdhar Gopal Dalmia | Managing Director |
3. | Mr. Vijay Dalmia | Whole-Time Director and CFO |
4. | Mr. Parekh Mani Baro | Whole-Time Director |
5. | Mr. Manish Dalmia | Non–Executive Non-Independent Director |
6. | Mrs. Sonam Jalan | Independent Director |
Principal Business Activities of the Company
S. No. | Name & Description of main products/services | NIC Code of the Product /service | % of the total turnover of the company |
1 | Growing, Manufacturing, and processing Black Tea | 01271, 1079, 10791 | 90.76% |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholder’s Category | No. of Shares | % of total Shares of the company |
1 | Promoter and Promoters Group | 1,28,350 | 59.92% |
2 | Public | 85,879 | 40.08% |
| Total | 2,14,229 | 100.00% |
PROFIT & LOSS STATEMENT OF BATELI TEA COMPANY LIMITED
(Rs. in Lakhs)
(As of 31-03-2018 to 31-03-2020)
Particular | 2020 | 2019 | 2018 |
Revenue: |
| ||
Revenue from Operations | 5,847.78 | 5,632.35 | 7,215.55 |
Other Income | 592.25 | 68.22 | 41.90 |
Finance Income | - | - | 20.86 |
Total Revenue | 6,440.03 | 5,700.57 | 7,278.31 |
Expenses: |
| ||
Cost of Materials Consumed | 1,851.47 | 1,801.61 | 1,674.89 |
Purchase of Stock-in-Trade | 2.65 | 23.32 | - |
Changes in Inventories of Finished Goods, Work-In-Progress and Stock-In Trade | 82.54 | (136.95) | 1,159.47 |
Employee Benefits Expense | 1,526.63 | 1,181.02 | 1,253.59 |
Finance Costs | 321.15 | 308.78 | 354.88 |
Depreciation & Amortisation expenses | 515.60 | 557.53 | 511.14 |
Other Expenses | 1,253.31 | 1,355.02 | 1,640.48 |
Total expenses | 5,553.35 | 5,090.33 | 6,594.45 |
Profit / (Loss) Before Tax | 886.68 | 610.24 | 683.86 |
Tax expenses: |
| ||
Current tax | 140.32 | 130.28 | 134.95 |
MAT Credit Entitlement | - | - | (129.12) |
Deferred Tax/(Credits) | (42.59) | (83.46) | (12.04) |
Total Tax Expenses | 97.73 | 46.82 | (6.21) |
Profit / (Loss) After Tax | 788.95 | 563.42 | 690.07 |
Other Comprehensive Income |
| ||
Items that will not be reclassified to profit and loss | (55.88) | 37.62 | (7.13) |
Tax relating to the above items | 15.55 | (10.47) | 1.98 |
Total Comprehensive Income | (40.33) | 27.15 | (5.15) |
Total Comprehensive income for the period | 748.62 | 590.57 | 684.92 |
Earnings per Equity Share: |
| ||
Earnings per Equity Share (Basic) | 368.32 | 263.03 | 322.16 |
Earnings per Equity Share (Diluted) | 368.32 | 263.03 | 322.16 |
BALANCE SHEET OF BATELI TEA COMPANY LIMITED (Rs. in Lakhs)
(As of 31-03-2018 to 31-03-2020)
PARTICULARS | 2020 | 2019 | 2018 |
ASSETS | |||
Non-Current Assets | |||
Property, Plant, and Equipment | 7,776.50 | 8,224.05 | 7,900.15 |
Capital Work-In-Progress | 1,367.11 | 1,352.25 | 1,156.72 |
Financial Assets: | |||
Others Financial Assets | 524.21 | 7.21 | 8.41 |
Other Non-Current Assets | 49.25 | 42.76 | 54.33 |
Total Non-Current Assets | 9,717.07 | 9,626.27 | 9,119.61 |
Current Assets |
| ||
Inventories | 879.07 | 841.29 | 724.90 |
Biological Assets other than Bearer Plants | 25.59 | 11.74 | 26.06 |
Financial Assets: | |||
Investments | 1,472.64 | 1,472.79 | 1,473.14 |
Trade Receivables | 219.39 | 391.17 | 403.98 |
Cash & Cash Equivalents | 51.31 | 52.70 | 39.34 |
Bank Balances other than Cash & Cash Equivalents | - | 5.17 | - |
Other Financial Assets | 2,105.96 | 1,799.39 | 1,024.89 |
Other Current Assets | 224.00 | 132.25 | 200.41 |
Total Current Assets | 4,977.96 | 4,706.50 | 3,892.72 |
TOTAL ASSETS | 14,695.03 | 14,332.77 | 13,012.33 |
EQUITY AND LIABILITIES | |||
Equity |
| ||
Equity Share Capital | 21.42 | 21.42 | 21.42 |
Other Equity | 8,072.09 | 7,323.47 | 6,732.90 |
Total Equity | 8,093.51 | 7,344.89 | 6754.32 |
Liabilities |
| ||
Non-Current Liabilities |
| ||
Financial Liabilities | |||
Borrowings | 2,957.64 | 3,453.31 | 2,848.15 |
Deferred Tax Liabilities (Net) | 894.38 | 952.50 | 1,025.50 |
Other Non-Current Liabilities | 209.67 | 143.67 | 218.48 |
Total Non-Current Liabilities | 4,061.69 | 4,549.48 | 4,092.13 |
Current Liabilities |
| ||
Financial Liabilities: |
| ||
Borrowings | 1,234.95 | 853.49 | 951.74 |
Trade Payables | |||
Total outstanding dues of creditors other than Micro Enterprise & small enterprise | 336.26 | 285.84 | 183.43 |
Total outstanding dues of Microenterprise & small enterprise | - | - | - |
Other Financial Liabilities | 804.52 | 870.81 | 903.76 |
Other Current Liabilities | 68.84 | 363.47 | 45.72 |
Current Tax Liabilities (Net) | 95.26 | 64.79 | 81.23 |
Total Current Liabilities | 2,539.83 | 2,438.40 | 2,165.88 |
TOTAL LIABILITIES | 6,601.52 | 6,987.88 | 6,258.01 |
TOTAL EQUITY AND LIABILITIES | 14,695.03 | 14,332.77 | 13,012.33 |
DIVIDEND AND RETAINED EARNINGS
(As of 31-03-2018 to 31-03-2020)
Particulars | 2020 | 2019 | 2018 |
Dividend | Nil | Nil | Nil |
Retained Earnings (Rs. In Lakhs) | 748.62 | 590.57 | 684.92 |
PERFORMANCE OF THE COMPANY
Revenue from operations increased from Rs. 5,632.35 Lakh in FY 2019 to Rs. 5,847.78 Lakh in FY 2020, showing a growth of 3.82% as compared to the previous financial year.
Finance Cost has increased from Rs. 308.78 Lakh in FY 2019 to Rs. 321.15 Lakh in FY 2020 showing a growth of 4.00% as compared to the previous financial year.
In FY 2020, Company’s Net profit stood at Rs. 788.95 Lakh, 40.02% higher than the net profit of Rs. 563.42 Lakh in FY 2019 as compared to the previous financial year.
The current Ratio of the company as of 31st March 2020 was 1.95.
The debt to Equity ratio of the company as of 31st March 2020 was 0.81.
In the Financial Year 2019-20, the company has not paid dividends.
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