ABOUT NEW CHUMTA TEA COMPANY LIMITED UNLISTED SHARE
Established on 24 June 1889, New Chumta Tea Company Limited is registered at the Registrar of Companies, Kolkata. Its authorized share capital is Rs. 3,00,00,000 and its paid-up capital is Rs. 2,14,00,000.
In the year 1909, The New Chumta Tea Company acquired Additional 200 acres belonging to an out garden Subtiguri. Introduction to the modern technology of the time and electricity was nowhere in the card of this region for the leaves to be processed.
Even as late as 1940, leaves were carried by Bullock Cart from Subtiguri to the Factory at Chumta. Illuminations were carried by Kerosene Lanterns. In 1953, the old Factory was burnt down and a new one was set up. Artificial irrigation was laid down at Subtiguri in 1958, The water flowing through small streams was drawn towards the garden. With all these struggling efforts of so many years, the manufacture of CTC was started in 1964.
In 1983, the crops of the Chumta Tea Association were about 760 Mounds. Today, the annual output of the Company is more than 10,500 mounds. New Chumta Is a revolutionizer in quality tea production and supply throughout India and abroad.
INCORPORATION DETAILS
|
CIN |
L01132WB1889PLC000576 |
|
Registration Date |
24th June 1889 |
|
Company Name |
New Chumta Tea Company Limited. |
|
Email Address |
|
|
Category/Sub-category of the Company |
Company Limited by Shares /Non-Govt. Company |
|
Registration Number |
576 |
|
Address of the Registered office & contact details |
“McLeod House” 3 Netaji Subhas Road Kolkata 700 001. Tel : (033) 2248 9161 / 0047 |
|
Company Secretary & Compliance Officer |
S. K. SHUKLA |
|
Name, Address & contact details of the Registrar & Transfer Agent, if any |
M/s. Maheshwari Datamatics Pvt. Ltd 23, R. N. Mukherjee Road 5th Floor, Kolkata – 700 001 Phone: (033) 2248-5029, Fax: (033) 2248-4787 |
BOARD OF DIRECTORS
|
S.NO. |
Name of the Directors |
Category |
|
1. |
Mr. Dhanraj Baid |
Independent Director |
|
2. |
Ms. Gauri Bajoria |
Director |
|
3. |
Mr. Sharad Bajoria |
Managing Director |
|
4. |
Mr. Niraj jhunjhunwala |
Director |
|
5. |
H. K. SHARMA |
C.F.O |
|
6. |
S. K. SHUKLA |
S. K. SHUKLA |
Principal Business Activities of the Company
|
Name & Description of main products/services |
NIC Code of the Product /service |
% to total turnover of the company |
|
Manufacturing Activity |
10791 |
100% |
SHAREHOLDING PATTERN (As of 31-03-2018)
|
S. No. |
Shareholder’s Category |
No. of Shares |
% of total Shares of the company |
|
1 |
PROMOTERS |
2022624 |
94.51 |
|
2 |
PUBLIC |
117376 |
5.48 |
|
|
Total |
2140000 |
100.00 |
PROFIT & LOSS STATEMENT OF NEW CHUMTA TEA COMPANY LIMITED ( Amount In Rs. Lakhs ) (As of 31-03-2019 to 31-03-2021)
|
Particular |
2021 |
2020 |
2019 |
|
Income |
|
|
|
|
Revenue from Operations |
3780.90 |
3226.67 |
3051.15 |
|
Other Income |
10.20 |
8.57 |
14.98 |
|
Total Revenue |
3791.10 |
3253.24 |
3066.13 |
|
Expenses |
|
|
|
|
Cost Of Materials Consumed |
863.21 |
620.40 |
737.42 |
|
Purchase of Stock In trade |
467.91 |
192.06 |
7.09 |
|
Changes in Inventories of finished goods |
(28.29) |
(55.50) |
(15.72) |
|
Employee Benefits Expense |
1409.74 |
1351.80 |
1266.61 |
|
Depreciation and amortization expense |
110.90 |
105.33 |
104.19 |
|
Finance Costs |
31.16 |
34.61 |
46.47 |
|
Other Expenses |
899.13 |
949.83 |
874.85 |
|
Total Expenses |
3753.76 |
3198.54 |
3020.91 |
|
Profit before Tax |
37.34 |
36.70 |
45.22 |
|
Tax Expenses |
|
|
|
|
Current Tax |
5.00 |
5.00 |
6.00 |
|
Deferred Tax |
- |
- |
|
|
Tax expenses of the earlier year |
- |
- |
- |
|
(Loss) / Profit after tax for the year |
32.34 |
31.70 |
39.22 |
|
Other Comprehensive Income |
|
|
|
|
Items that will not be reclassified to profit and loss |
|
|
|
|
Investments in fair value measured through OCI |
2.30 |
0.05 |
(0.58) |
|
Total other comprehensive income/Loss for the year ( net of tax) |
2.30 |
0.05 |
(0.58) |
|
Total comprehensive income |
34.64 |
31.75 |
38.64 |
|
Earnings per equity share |
|
|
|
|
Basic |
1.62 |
1.48 |
1.83 |
|
Diluted |
1.62 |
1.48 |
1.83 |
BALANCE SHEET OF NEW CHUMTA TEA COMPANY LIMITED (Amount In Rs. Lakhs) (As of 31-03-2019 to 31-03-2021)
|
PARTICULARS |
2021 |
2020 |
2019 |
|
Equity and Liabilities |
|
||
|
Share Capital |
214.00 |
214.00 |
214.00 |
|
Other Equity |
1789.73 |
1755.08 |
1723.33 |
|
TOTAL EQUITY |
2003.73 |
1969.08 |
1937.33 |
|
Non-Current Liabilities |
|
||
|
Financial liabilities |
|
||
|
Borrowings |
122.00 |
290.22 |
297.14 |
|
Provisions |
80.62 |
80.62 |
80.62 |
|
Deferred tax liabilities (net) |
0.65 |
0.65 |
0.65 |
|
Other Non-current liabilities |
- |
30.33 |
30.33 |
|
Total Non-Current Liabilities |
203.27 |
401.81 |
408.73 |
|
Current Liabilities |
|
||
|
Financial liabilities |
|
||
|
Borrowings |
158.94 |
4.69 |
17.70 |
|
Lease liabilities |
|
||
|
Trade Liabilities |
124.29 |
168.61 |
143.29 |
|
Other financial Liabilities |
19.62 |
28.83 |
46.74 |
|
Other Current Liabilities |
241.46 |
244.84 |
223.88 |
|
Total current liabilities |
544.31 |
446.98 |
431.61 |
|
Total liabilities |
747.58 |
848.79 |
840.34 |
|
Total equity and liabilities |
2751.30 |
2817.87 |
2777.68 |
|
Assets |
|
||
|
Non-Current Assets |
|
||
|
Property, Plant, and Equipment |
1358.95 |
12099.65 |
1294.25 |
|
Capital Work in Progress |
- |
215.99 |
192.52 |
|
Investments |
4.33 |
2.04 |
1.99 |
|
Others |
91.47 |
85.25 |
79.80 |
|
Other non-current assets |
774.83 |
774.83 |
798.96 |
|
TOTAL NON-CURRENT ASSETS |
2229.58 |
2287.75
|
2343.38 |
|
Current Assets |
|
||
|
Inventories |
376.87 |
322.11 |
242.83 |
|
Biological Assets |
5.94 |
- |
7.37 |
|
Financial assets |
|
||
|
Investments |
0.94 |
67.95 |
55.96 |
|
Trade Receivables |
67.45 |
69.63 |
74.12 |
|
Cash and Cash Equivalent |
8.84 |
23.44 |
14.40 |
|
Current Tax Assets (Net) |
42.02 |
28.84 |
24.26 |
|
Other current assets |
19.67 |
18.16 |
15.34 |
|
TOTAL CURRENT ASSETS |
521.72 |
530.12 |
434.28 |
|
Total Assets |
2751.30 |
2817.87 |
2777.68 |
DIVIDEND AND RETAINED EARNINGS (As of 31-03-2019 to 31-03-2021)
|
Particulars |
2021 |
2020 |
2019 |
|
Dividend(Interim dividend) |
N.A. |
N.A. |
N.A. |
|
Retained Earnings (In Lakhs ) |
N.A. |
N.A. |
N.A. |
PERFORMANCE OF THE COMPANY
Revenue from Operations Increased from Rs. 3226.67 Lakhs in FY 2020 to Rs. 3780.90 Lakhs in FY 2021, showing an increase of 17.18% as compared to the previous financial year.
In FY 2021, Company’s Net profit stood at Rs.34.64 Lakhs, 9.10% higher than the Net Profit of Rs. 31.75 Lakhs in FY 2020.
The current Ratio of the company as of 31st March 2021 was 0.96.
The debt to Equity ratio of the company as of 31st March 2021 was 0.37.
