CnEvIoT CoMPANY LIMITED

Cl N

Group
Cheviot

: 165993W81897P1C001409

Registered & Administrative Office

24 Park Street, Magma House, 9tt Floor, Kolkata-7O0 016
Ph: +91 82320 8791111U13; Fax (033) 22497269122172488
Email: cheviot@cheviute.com ; Website: www.groupcheviot.net

Datei29-7-2OL6

Ref: CCL/Share/
BSE

Limited

Phiroze Jeejeebhoy Towers

Dalal Street

Mumbai

400 001

Ref: Company's Code No, 526817

Re: Un-audited Financial Results of the Companv for the

lst quarter ended 30th June. 2016

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
we are forwarding herewith the un-audited financial results of the Company for the 1st quarter ended
30th June, 2016, which has been approved and taken on record at the Board Meeting held on Friday, 29th
July, 2016 and that the statutory auditors of the Company have also carried out Limited Review of the
said results.
ln this connection, we are also enclosing herewith the copy of the limited review report of the statutory
auditors of the Company, which we trust you will find in order.
The meeting of the Board of Directors commenced at 10:30 A.M. and concluded at 10.55 A.M.
Please display the un-audited financial results in your Notice Board

informed.
Thanking you,
Yours faithfully

For

Company Limited
Aeviot
\,r

\ \';._-t

(Aditya Bane$eel
Company Secretary
and Compliance Officer
Encl. as stated above

to keep the members of the Exchange

JA|N & CO.

Ghartered Accountants
P 21122 Radha Bazat Street, Kolkata

Pho es: 2242-72'15 I 6541

700 001

Fax:

Email: pkj1956@gmail.com

91-33-224a6264

LIMITED REVIEW REPORT

Review Report to
The Board of Directors,
M/s Cheviot Co. Ltd.,
24,Park Street, Kolkata- 16

We have reviewed the accompanying statement of unaudited financial results of M/s. Cheviot Co.

Ltd., for the quarter ended 30th June, 2016. This statement is the responsibility of the Company's
management and has been approved by the Board of Directors. Our responsibility is to issue a
report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,

"Review of Interim Financial Information performed by the Independent Auditor of the Entity"
issued by the Institute of Chartered Accountants of India. This standard requires that we plan and

perform the review to obtain moderate assurance as to whether the financial statements are free of

material misstatement.

A review is limited primarily to inquiries of

company personnel and

analltical procedures applied to financial data and thus provide less assurance than an audit. We
have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to

believe that the accompanying statement of unaudited financial results prepared in accordance

with applicable accounting standards and other recognised accounting practices and policies

has

not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in
which it is to be disclosed, or that it contains any material misstatement.

V
Place: Kolkata
Dated: 29th day

(ffi"
(CAP.K. Jain)

ofJuly, 2016

Branchr A-6 Nariana Vihar, Ring Road, New

Email: akj@ainandco.com

For Jain & Co.

Chartered Accountants
RegistratiqLJNo . 3020238

Delhi- 110 028

Partner
(Membership No.52018)

Phones: 25893411 /

Faxi

34'12

91-11-2579-7973

CHEVIOT COMPANY LIiIITED

Cl
Regd OfRc. : 2a, Part

:L65993wBl897PLC00l'ol

Stres!

.gma Hou3.

llh

Floor L

Kolk.h .700 010

Phono : 82320 8791l rl Z13i Fat 1033122a9726t1221724a4

Emall : chsvlo@chevjute.com ; Yf.b.lb : w{w.groupcheviotnlt
STATEMENT OF STANDALONE UNAUDITEO FINANCIAL RESULTS FOR THE QUARTER ENDED 30/06/2016

ln Lekhs

3 months

Prscsding
3 months

endod

ended

30/06/2018

(Un.udited)

Particularg

Co.responding
3 monlhs ended
pfevloua yea.

P.eviou!
yeafended

31t03t2014

30/06,201s

3,t/03/20t6

l{ot

(Unaudited)

lRei.r

ln the

1{o.5)

Audited )

lncoma ftom openllon3

a. Net sales/incomo frcm opcralbns (Nt of

6472.29

C63)

Olher operaling income

Total lncoma trom opontlont (n!q

33651.20

9664.15

5546.60

14273

't9549

652.60

7033.81

9806.88

57,12.09

34303.80

3547 _47

19261.23

2 Expen3e!
(a) Cost of mateiab con3umed
(b) Chang$ in anvedones of finished goods 8nd wotk-in-progr$s
(c) Employ6 bnefrc cxpens
(d) Depreciatbn and amonisation expense
(e) Other expenses

Total expn3o!

3 Profit from openfona bgfora other lncomc, nnance coslr md ercepdonal ltona ll'2)
4 Olher incomc
5 Profit from ordlnary acuvltles bsiob fnanca co3t3 and excgptional ltem3 (3+4)
6
7 Proft from o.dlnary sctiyilies .frer fnance costa but before exc.ptlonrl ltolna 156l

5972.14

5856.85

(2554.79)

(298.17)

\'1280.44)

(e58.15)

1365.86

1443.'17

1156.30

5658.84

139.40

149.63

132.13

572.93

r335 87

1509.92

1319.E7

5460 59

6258.78

8701.,10

4905.73

30395.53

775.03

l't05.48

E36.34

3908.27

5:15.83

145.89

547.77

1271.66

1320.46

1251.3?

138,1.13

5179.t3

19.53

33.20

22.64

8't.63

t30l.l3

121A-17

t36t..9

5098.30

l30t-13

1345.t1

l35t,a9

50t8.30

2E2.OO

437.83

325.00

1450.83

1019.13

to8.28

1036.49

3647.17

'1019.'t3

90E.2E

1036.49

t6l7.17

451.13

451.13

451.13

451.r3

127.U

Exceptional items - (Refer Note 3 beiow)

P.ofil ftom odinaiy rcfyltie! before hx O+8)

10

ordln.ry .ctlvitiaa
Extlaordinary items

11 Not Profit ftom

12

rlt rt

x{9-10)

13 l{ot Profit ior the ps.iod {l I -l 2}

14 Psid-up ordinary share capital (Facvalu - ? 10 eacn )
15 Resrves excluding Revaluation ReseNe as per balance sheet of previous

31289.18

eccouniing year
16
i

E.rningr P.rSh.reoff

10r-

efth {EPSIllnt)

Basic and d uted EPS blore e(raodinery items - (fot the pdod . not snnualisd)

22.59

20.13

22.94

80.85

LRr...nd

22 59

2(j13

22.94

ad 85

l{oTEs

dilured EPS

,n.r n66dinaru

items - {lor lh Doiod - nol annuahsd)

Statutory Auditors of the Company hav carried out a limited review ol the above unaudited fnancial resultg lor the quarter ended 30th June, 2016 in
terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 The

br been following historical cost convention on all its assets with the exceptlon of crtain tangible assets (freehold land, buildings,
plant & equipment and eleclrical installations & equipment) which vrere revalud at rcplacement values as prevalent during earlir years. Now, in accordance
with Accounting Standard 10 on Property, Plant and Equipment, effective 1st April, 2016, of Companies (Accounting Standards) Rules, 2006, the Company
has adopted th; cost rnodel as its accountjng polic,y on all the assets, except on Freehold Land, which continues to appear at .evalued fguros. Accordingly,
he amount appearing in the revaluation reseNe amounting to { 424.62 lakhs as on 1.4.20i6, in respecl ot buildinls revalued in the years snded 31.3.i997
and 31.3.2003 as,.!tl as of plant & equipment and eleclrical installations & equipment revalued in the years onded 31.3.1998 and 31.3.2003, has been
adjusted agajnst the carrying arnount of the respclive items of aseeugeneral resrve. On account of the above change in the acaounting policy, the charge
of deprecittion br the quarter is lorrer by < 4.34 lakhs and the profit on sale of fixed assets shorn under the head other income is higher by { 1.32 lakhs,
with prolSts for the quarter conespondingly higher to that extent

Exceptional item in the preceding 3 months ended 31st Marcfi 2016, represents reveFal of additional liability of bonus for the fnancialyear 2014'15, which
was provided as a prudent measure in lhe quarter ended 31st December, 2015, since the validity of retrospedive amendment of lhe Payment of Bonus
Act,1965 w.e.f- 1st Ap.il, 20'14 was challenged at various high courts, wih inteim stay granted, and adjudication pending.

The ComDany is engaged in a single business segment i.e. manufacturing and sale of Jute Goods. Hence segment reporting as requked by AS-17, issued
8y the lnstitute of Chartered Aocountanb of lndia is not applicable
The fgures br the preceding 3 months ended 31st March, 2016 are the balanong fguEs betven the audited figures in respec{ of the fnancjal year ended
31st March, 2016 and the published year to date unaudited fgures (rerouped /.edassifed) of the 9 months period ended 31st December, 2015.

6
7

The Company has so

prevaous period / year fgurcs have been

re{rouped / reclassifed to make them comparable to the cunent period ptesentation

The above unaudited fnancial results after view of the Audit committee were approved by the Board of Direclors at their meeting held on 29th July, 2016.

For ChoYlot Company Limited

(./
Pl.ce

: Kolhtr

Dated

29th July,201G

Hargh Va.dhan Kanorla

Ch.irman and ilanaglng Oitector

Chief Executlvo Officer
(DlN : 000@2s9)