About Tongani Tea Company Limited Unlisted Shares
Tongani Tea Company Limited is a Public incorporated on 04 February 1893. It is classified as Non-govt Company and is registered at Registrar of Companies, Kolkata. It cultivates, manufactures, and sells tea. The Company offers white and green tea in various sized gram and kilogram retail packages. Tongani Tea serves customers in India. The Tongani Tea Estate is situated in Mangaldoi Tea District of Assam. It is over four hundred-acres yield the most sought-after teas in the world. Producing about half a million kilograms of tea annually, Tongani figures amongst the highest yielding gardens in the entire Assam Valley. The plantation of the estate consists of young tea bushes using the latest varieties in clonal plantation. The Tongani product range includes excellent quality CTC, Orthodox, White Tea and Green Tea. Tongani has its own retail packages of 100 grams, 200 grams, 250 grams, 2kg and 5kg that are in high demand in the domestic market and have been well received internationally.
INCORPORATION DETAILS
|
CIN |
L01132WB1893PLC000742 |
|
Registration Date |
04 February 1893 |
|
Category/Sub-category of the Company |
Limited by Shares/ Non-govt company |
|
Address of the Registered office and contact details |
Tongani Tea Company Limited, 15B, Hemanta Basu Sarani, 3'd Floor, Kolkata-700 001 Telephone: 2248 7685 |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
Niche Technologies Pvt. Ltd 3A, Auckland Place, 7th Floor, Room No.7A &78, Kolkata – 700017 Telephone: 033 2280-66161 17 118 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Tea |
1104 |
100% |
BOARD OF DIRECTORS
Mr. Manoj Kumar Daga, Chairman & Non-Executive Director
Mr. Ashok Vardhan Bagree, Independent Director
Mr. Ravindra Kumar Murarka, Independent Director
Mrs. Sumana Raychaudhuri, Non-Executive Director
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Tongani Tea Company Limited does not have any subsidiary or associate company.
SHAREHOLDING PATTERN (As of 30-09-2022)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1. |
Promoter Group |
1,39,200 |
74.93% |
|
2. |
Public Shareholding |
46,575 |
25.07% |
|
|
Total |
1,85,775 |
100.00% |
INDUSTRY OUTLOOK
Production of tea in India was 1329 million kgs. in 2021 compared to 1257 million kgs. in 2020. Tea being essentially an agricultural produce, is always subject to enviro-climatic inconsistencies which affects both quality and quantity of produce and thereby Company's performance. The Company's income is from sale of tea. The costs of production of tea, comprises of various inputs which are required to be met by the Company as stipulated under various statutes including the Plantation Labour Act. The Company's main business is plantation, processing and sale of tea. Tea being a Seasonal Industry, the plantation activities is subject to the vagaries of nature. The crop yield depends on the climatic conditions to a very large extent.
PROFIT & LOSS STATEMENT OF TONGANI TEA COMPANY LIMITED (In Rs. Hundreds)
|
PARTICULARS |
2022 |
2021 |
2020 |
|
Revenue from Operations |
843732.88 |
953498.16 |
745026.49 |
|
EBITDA |
142277.84 |
168545.69 |
21352.55 |
|
EBITDA margins |
16.86% |
17.67% |
2.86% |
|
Finance Cost |
29363.04 |
40816.28 |
36440.50 |
|
Depreciation |
24801.40 |
24496.94 |
24014.05 |
|
Other Income |
32634.38 |
35145.25 |
29770.37 |
|
Profit/Loss before Exceptional items and Tax |
88113.40 |
103232.47 |
(39102) |
|
Exceptional items |
- |
- |
- |
|
Total Tax |
8557.63 |
9214.3 |
2962.41 |
|
Profit After Tax (PAT) |
79555.77 |
94018.17 |
(36139.59) |
|
PAT Margin |
9.42% |
9.86% |
(4.85)% |
|
EPS |
0.43 |
0.51 |
-0.19 |
BALANCE SHEET OF TONGANI TEA COMPANY LIMITED (In Rs. Hundreds)
|
PARTICULARS |
31st March 2022 |
31st March 2021 |
31st March 2020 |
|
ASSETS |
|||
|
NON CURRENT ASSETS |
|||
|
Property, Plant & Equipment |
705529.61 |
671640.99 |
691982.73 |
|
Capital Work in Progress |
- |
- |
- |
|
TOTAL NON CURRENT ASSETS |
1173234.34 |
989316.33 |
1006249.36 |
|
CURRENT ASSETS |
|||
|
Inventories |
82340.69 |
45522.84 |
56554.36 |
|
Trade receivables |
8700.19 |
21741.63 |
5707.41 |
|
Cash and cash equivalent |
7087.18 |
21988.93 |
19622.29 |
|
Other Financial assets |
7036.05 |
9045.88 |
9632.60 |
|
Other current assets |
250225.87 |
222528.45 |
225321.71 |
|
TOTAL CURRENT ASSETS |
726236.61 |
831621.01 |
710528.51 |
|
TOTAL ASSETS |
1899470.95 |
1820937.34 |
1716777.87 |
|
EQUITY AND LIABILITIES |
|||
|
EQUITY |
|||
|
Equity Share Capital |
18577.50 |
18577.50 |
18577.50 |
|
Other Equity |
1175150.78 |
1112371.82 |
1019604.76 |
|
TOTAL EQUITY |
1193728.28 |
1130949.32 |
1038182.26 |
|
LIABILITIES |
|||
|
NON CURRENT LIABILITIES |
|||
|
Borrowings |
133977.28 |
72647.07 |
89397.14 |
|
Deferred Tax Liabilities |
43846.89 |
44738.28 |
32607.83 |
|
TOTAL NON CURRENT LIABILITIES |
250900.8 |
252104.37 |
259952.47 |
|
CURRENT LIABILITIES |
|||
|
Borrowings |
322740.21 |
352066.81 |
358673.14 |
|
Trade Payables |
38350.66 |
7632.34 |
17957.01 |
|
Other Financial Liabilities |
10259.38 |
12672.82 |
21040.70 |
|
Provisions |
68058.83 |
58590 |
18000 |
|
Other Current Liabilities |
5351.09 |
5924.36 |
2972.29 |
|
TOTAL CURRENT LIABILITIES |
454841.87 |
437883.64 |
418643.14 |
|
TOTAL LIABILITIES |
705742.67 |
689988.01 |
678595.61 |
|
TOTAL EQUITY AND LIABILITIES |
1899470.95 |
1820937.34 |
1716777.87 |
DIVIDEND HISTORY
|
Particulars |
2022 |
2021 |
2020 |
|
Dividend (final + interim) (In Rs.) |
9 |
15 |
- |
|
Retained Earnings(In Rs. Hundreds) |
7,30,493.77 |
6,67,704.21 |
5,74,937.15 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company decreased by 11.51% from Rs. 9,53,498.16 hundreds in FY 2021 to Rs. 8,43,732.88 hundreds in FY 2022.
EBITDA of the company decreased by 15.58% from Rs. 1,68,545.69 hundreds in FY 2021 to Rs. 1,42,277.84 hundreds in FY 2022.
Total borrowings of the company increased from Rs. 4,24,713.88 hundreds as of 31st March 2021 to Rs. 4,56,717.49 hundreds as of 31st March 2022.
Finance cost of the company decreased by 28.06% from Rs. 40,816.28 hundreds to Rs. 29,363.04 hundreds.
Profit after Tax of the company decreased by 15.38% from Rs. 94,018.17 hundreds in FY 2021 to Rs. 79,555.77 hundreds in FY 2022.
The Current Ratio of the company as of 31st March 2022 was 1.59.
The Debt to Equity Ratio of the company as of 31st March 2022 was 0.38.
The book value of the company as of 31st March 2022 was Rs.642.56.
