Tinplate of India : Statement of Audited Financial Results for the Quarter and Year Ended 31st March 2022Download

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THE TINPLATE COMPANY OF INDIA LIMITED

CIN : L28112W81920PLC003606

REGD. OFFICE : 4, Bankshall Street, Kolkata 700 001, WORKS : Golmuri, Jamshedpur 831 003

Tel [phone] / Fax [phone]. Email : [e-mail] : www.tatatinplate.com.

OF AUDITED FINANCIAL FOR THE QUARTER AND 31ST MARCH, 2022

PARTICULARS

1

Revenue from Operations

• (a) Sale of products

• (b) Other operating revenue Revenue from Operations

2 3 4

Other lncome Total Income (1+2) Expenses:

(a) Cost of materials consumed

• (b) (lncrease)/ Decrease in inventories offinished goods, work-in-progress and scrap

• (c) Employee benefi ts expense

• (d) Finance costs

• (e) Consumption of stores and spare parts

(0 Consumption of packing materials

• (s) Power and fuel

• (h) Depreciation and amortisation expense

• (i) Other expenses

  Total Expenses

  5

  6

  Profit before taxes (3-4) Tax Expenses

  Current tax on profit for the period/ year Current tax relating to earlier years Deferred tax charge/ (credit)

  Total tax expenses

  7

  8

  Profit for the period/ year (5-6) Other comprehensive income

  Items that will not be reclassified to profit or loss lncome tax relating to these items

  o

  Total other comprehensive income/ (loss), net of tax Total comprehensive income for the period/ year {7+8)

  't0

  Paid up equity share capital (Face value of equity share

  is Rs. 10/- each)

  11

  Other

12 (i) Earnings per equity share

(not annualised - in Rupees)

• (a) Baslc

• (b) Diluted

31.03.2022 (Audited)

31.12.2021 (Audited)

1,10,607.99 12,079.86 1,22,687.85

1,06,584.02 1 1,366.83 1,17,950.85

1,147 .72 1.23.835.57

1,034.59 1,18,985.44

• 75,693.75 81,102.23

  9,336.34

  951.70

• 3,962.73 3,511.14

I ,771 .28 1,469.39 4,719.18 1,615.29

170.77

197.61 1,456.67 1,507.96 4,459.36 1 ,480.10

• 9,883.56 1 1 ,616.78

1,08,622.29 15,213.28

3,784.23

(56.84)

44.10

1,06,283.55 12,701.89 3,002.55

3,771.49

205.06 3,207.61

11,441.79

• 9,494.28 5,61s.59

(468.80) 28.06

444 OO (7.06)

(350.81) 21.00

31.03.2021 (Audited)

YEAR 31.03.2022 (Audited)

• 69,479.09 3,86,148.40

• 6,018.90 38,802.39

• 75,497.99 4,24,950.79

788.38 76,286.37

4,003.13

4.28,953.92 2,30,593.79

53,338.1 1

(2,626.92)

3,455.93

305.74

1,551.24

1,042.92

3,618.73

1,546.48

6,605.80

3,01 ,1 18.67 1,50,859.97

(6,51 2.93)

14,552.02 820.07

• 6,322.49 5,329.27

  5,579.59

• 16,695.93 12,830.17

  6,080.24

• 37,179.34 19,888.39

• 68,838.03 3,81,835.42

  in Lakhs

  {DED 31.03.2021 (Audited)

  2,10,467.08 17,669.70 2,28,136.78

  2,457.01

  5,340 33 12,787.39 775.59

  3,425 39

  6, 1 66.04

  2,17,402.54

• 7,448.34 47,118.50 13,191.25

  1,915.56 7.07 (89.88)

• 11.867.25 3,812.61

(56.84) 16.75

7.07 (443.32)

1,832.75 11,827.16 3,376.36

35,291.34 9,814.89

(1 13.60)

(40.46) (154.06)

(949.45) 238.96 (710.491

(80.80)

(152.41 (233.211

1

1,090.98

9,515.28

5,461.53

34,580.85 9,581.68

10,479.80

10,479.80

10,479.80

10,479.80 10,479.80

1 ,06,617.18

74.129.68

10.93 10.93

9.07 9.07

5.37 9.38

5.37

3J.tZ 9.38

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THE TINPLATE COMPANY OF INDIA LIMITED

CIN : L281 12W81920PLC003606

REGD. OFFICE : 4, Bankshall Street, Kolkata 700 001, WORKS : Golmuri, Jamshedpur 831 003

Tel [phone] / Fax [phone]. Email

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ASSETS Non-current Assets

STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH, 2022

Particulars

• (a) Property, Plant And Equipment

• (b) Right-of-Use Assets

• (c) Capital Work-in-progress

• (d) lntangible Assets

• (e) Financial Assets

i)

lnvestments

• ii) Loans

• iii) Other Financial Assets

  (0 (s)

  Non Current Tax Assets (net) Other Non Current Assets Sub-total - Non Current Assets

  Current Assets

  • (a) lnventories

  • (b) Financial Assets

• (i) lnvestments

(i i)

Trade Receivables

• (iii) Cash and Cash Equivalents

• (iv) Bank balances other than (iii) above

• (v) Loans

• (vi) Other Financial Assets

• (c) Other Current Assets

  Sub-total - Current Assets

TOTAL ASSETS

II.

EQUIryANDLIABILITIES

(a) (b)

EQUITY

Equity Share Capital Other Equity

Total Equity Liabilities

Non-cu rrent Liabilities

(a) i) Financial Liabilities

• (b) Provisions

  Lease Liabilities

• (c) Deferred Tax Liabilities (net)

  (a) i) Financial Liabilities

  Sub-total - Non Current Liabilities Gurrent liabilities

Lease Liabilities

ii) Trade Payables

• a) total outstanding dues of micro and small enterprises

• b) total outstanding dues of creditors other than micro and small enterprises

• (b) iii) Other Financial Liabilities

(c)

(d)

Contract Liabilities Provisions

(e)

Current Tax Liabilities (Net) Other Current Liabilities Sub-total - Current Liabilities Total Liabilities

TOTAL EQUITY AND LIABILITIES

Website :www.tatatinplate.com.

Rs. in LakhsAs at 31.03.2022 (Audited)As at 31.03.2021 (Audited)

53,9'l'1.70 53,027.75

1,211.94 1,364.02

5,446.65 1,535.95

426.81 107.44

0.33 0.33

3.00 2.40

341.07 3,759.92

2,147.94 1,726.77

531.20

1.334.'.13

64,020.64 62,858.71

42,815.51 26,907.65

21,345.00 7,218.85

5,291.12 7,559.60

14,177.67 32,090.30

9,201 .61 12,630.89

9.57 5.90

751.55 319.27

17,574.60 8,866.41

't,34,055.32 72,710.18

1,98,075.96

1.3s.568.89

10,479.80 10,479.80

1,06,617.18 74,129.68

1.17.096.98 84,609.48

1,026.25 1,176.48

8,853.18 8,020.27

3,797.71 3,617.93

't3,677.14

157.80

12.814.68

161 .83

348.80 39,879.61 4,38't .1 0

126.27 23,908.81 1,61 't .35

9,735.46 1,378.74

1,421.02 1,886.26

985.91 1,836.47

10,392.14 7,235.00

67,301.84 38,144.73

80,978.98 50,959.41

1,98,075.96

1,35,568.89

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THE TINPLATE COMPANY OF INDIA LIMITED

CIN : L28112W81920PLC003606

REGD. OFFICE : 4, Bankshall street, Kolkata 700 001, woRKs : Golmuri, Jamshedpur 831 003

Tel [phone]/ Fax [phone]. Email :[e-mail].

Website :www.tatatinPlate.com.

Rs. in Lakhs

STATEMENT OF CASH PARTICULARS

THE YEAR ENDED

2022

YEAR ENDED 31.03.2022 31.03.2021 (Audited) (Audited)

A. Cash Flows from Operating Activities:

47,118.50	13,191 .25
6,080.24	6;166.04
7.71	6.52
lnterest lncome on financial assets carried at amortised cost	(1,442.61)	(730.53)
Profit on Sale of lnvestments classified as fair value through proflt or loss	(282.16)	(1 50.32)
Gain on fair valuation of investments classifled as fair value through proflt or loss	(16.5s)	(5.01)
Finance Costs	820.07	775.59
Advances written back	(12.57)
Allowance for Expected credit loss and Other Assets	(27.e5)	41.49
Capital Work in Progress Written Off	14.37
Bad Debts	89.76
Loss on discard of property, plant and equipments	1'15 01	27.63
Mark to Market Loss/ (Gain) on Forward Contracts	(33.46)	248.27
Provision/ Liability No Longer Required Written Back	(181 .93)	(222.52)
Foreign Exchange Differences (net)	22.49	(273.65)
Other Non Cash ltems	(39.07)	62.38
Operating Profit before changes in Operating Assets and Liabilities	52,127.68	19,241.27
Adjustments for (increase)/ decrease in Operating Assets
lnventories	(15,868.79)	5,307.69
Trade Receivables	2,308.60	(608.59)
Non-currenV current flnancial and non-financial assets	(8,777.07)	(2,417.83)
Adjustments for increase/ (decrease) in operating Iiabilities
Trade Payables	16,274.97	4,293.26
Non-currenu current financial and non-financial iiabilities	12,589.05	3,491 .90
Non-currenv current provislons	(581.78)	(164.79)
Cash Generated from Operations	58,072.66	29,142.91
lncome Taxes Paid	(12,685.16)	(3,894.68)
Net Cash Flow from Operating Activities	45,387.50	25,248.23
B. Cash Flows from lnvesting Activities:
Payment for acquisition of Property, Plant and Equipment, Capital Work in Progress	(8,559.13)	(3,087.50)
and lntangible Assets
Proceeds from sale of Property, Plant and Equipment	5.48	128.53
Payment for purchase of Current lnvestments	(2,28,607.56)	(1,31,502.64)
Proceeds from sale of Current lnvestments	2,14,780.16	1,33,748.43
Fixed Deposits Placed (net)	(16,045.35)	(15,983.00)
lnterest Income Received	1,083.84	489.70
Net Cash Flow used in lnvesting Activities	(37,342.s5)	(16,206.48)
C. Cash Flows from Financing Activities:
Finance Costs Paid	(706.42)	(432.59)
Payment of Lease liabilities (including interest thereon)	(26e.1 1 )	(307.42)
Dividend Paid	(2,093.35)	(1,046.68)
Net Cash Flow used in Financing Activities	(3,068.88)	(1,786.69)
increase in Cash and Cash Equivalents	4,976.06	7,255.06
and Cash Equivalents as at the beginning of the year	9,201.61	1,946.55
and Cash Equivalents as at the end of the year	't4,177.67	9,201.61
Ch
Chartered Accountants

Loss on disposal of Property, Plant & Equipment (net)

Profit before tax

Adjustments for:

Depreciation and Amortisation Expense

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E TINPLATE COMPANY OF INDIA LIMITED

CIN : L281 12WB1920PLC003606

REGD. OFFICE : 4, Bankshall Street, Kolkata 700 OO1, WORKS : Golmuri, Jamshedpur 831 003

Tel [phone]/ Fax [phone]. Email : company.secretariat@ tat

'tatatinplate.com'

• 1 The above audited results have been reviewed and recommended by the Audit Committee and thereafter approved by the of Directors of the Company at their respective meetings held on April 12,2022'

• 2 The Company's operations are predominantly in the manufacture and sale of Electrolytic Tin Mill products. The Company managed orginizaiionally as a unified entity and according to the management, this is a single segment company as envisaged lnd A5-108 --segment Reporting notified under the Companies (lndian Accounting Standards) Rules' 2015.

• 3 The financial results of the Company have been prepared in accordance with the Indian Accounting Standards (lnd AS) notified under the Companies (lndian Accounting Standards) Rules, 20'15.

4

ln vrew of the COVID-1 9 pandemic, considering the current internal and external factors, the Companyhas made detailedassessment of its liqtuidity position/ cash flow for the next one year and of the carrying values of its assets AS at March Jand has concluded that there are no adjustmenls required economic conditions.

in these financial results The company continues to monitor theS The Board has recommended a dividend of Rs. 4 per Equity Share of Rs. 1 0 each for the year ended March 31 , 2022.

6 The results for the quarter ended March 31 ,2022 and March 31,2021 are balancing figures between audited figures in respect the full financial year and the published audited financial results of nine months ended December 31,2021 and December 3 2020 respectively.

April 12,2022

R N Murthy Managing Director (DlN : 06770611)

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Charlered Accountants

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