KANCO ENTERPRISESLIMITET)

Registered Of f ice : "Jasmine Tow er", 3rd Floor

31 Shakespeare Sarani,Kolkata- 700 017. India, Telefax:2287-5217
E-mail : compliance@kanco.in, Website : www.kanco.in
KANCO
C o r p o r a t el d e n t i t y N u m b e r ( C I N ) - L 5 1 9 0 9 W 8 1 9 9 1 P L C 0 5 3 2 8 3

Ref:Kanco_BMeeting 14,2017
February

To,
TheManager,
Affai
Corporate rsDepartment,
BombayStock Limited
Exchange
Towers
Jeejeebhoy
Phiroze
Dalal
Street,
Mumbai- 400001

Scrip Code/l
D-590084/KANCOENT

DearSir,

33of SEBI(L0DR)
Sub-Requlation 2015
Requlations

of the Companyat their Meetingheld today

This is to informyou that the Boardof Directors
i.e February 14,2017hasconsideredandapproved Standalone
theUnaudited Results
Financial along
withLimitedReviewReportforthequarter
andninemonths ended 31,2016.
December

TheBoard
Meeting
commenced at3.15P.M
at2:30P.Mandconcluded

you,
Thanking

Faithfully,
Yours
Limited
ForKancoEnterprises

_ #hT
V Tewary
Sushil
Officer
Compliance

Encl:a/a
 w

LIMITED
KANCOENTERPRISES

31.12.20 3't.'t2.201631j2.2015 3 1 . 0 3 . 2 0 1 6

Incomefrom oPerations 7,O75 14,174

95
(a) Net sales/incomefrom operations(Netof exciseduty)
(b) Otheroperatingincome
; 20 41
95 2 7,095 14,215
Totalincomefrom operations(net)
Expenses (32\ 4,627 9,356
(a) Costof materialsconsumed 512 617
of finishedgoods,wQrk-inprogressand stocks-in-trade 102
Changesin inventories
,t ,i 31 75 623
983
1,268
1,990
3 3 37 8
(d) Power& fuel 215 432
71 71 7'l 213
(e)Depreciation and amortisationexpense 206
104
(f) Selling& distribution
expense 925
8 22 29 49 439
(g) Otherexpenses 14,794
105 121 238 345 7,503
Totalexpenses (143) (408) (57e)
(105) (121)
/ (Loss)fromoperationsbeforeotherincome,financecostsand exceptional
(1-2) 73
15 4 37 21
tncome (306) (506)
(117) (143)
/ (Loss)from ordinaryactivitiesbeforefinancecosts and exceptionalitems
265 233 771 750 1,427
Financecosts (376) (1,o77) (1,137) (1,e33)
Profiu(Loss)from ordinaryactivitiesafter financecosts but beforeexceptional
items(5-6)
Exceptionalitems ('t,077\ (1,137\ (1,e33)
Profit/(Loss)from ordinaryactivitiesbeforetax (7+8)
lrtil
Tax expenses (1,933
Net ProfiU(Loss) from ordinaryactivitiesaftertax (9-10)
(376) 1r,orr_l x,rti_t
Extraordinary items(netof tax expenses) (1,137) (1,e33)
Net ProfiU(Loss) for the period(11-12) 1.ril (1,O77)
179: 1793 1,793 1,793
Paid-up equitysharecapital(Facevalueper share{'10/-) (5,4e4)
Reservesexcludingrevaluationreserve
Earningper share(before& afterextraordinary items)(oft'10 each) (6.34) (10.78)
(2.13) (2.1o)
a. Basic(notannualised)

Notes:
at the meetingof Boardof Directorsheldon February14'2017;and these
1. The abovefinancialresultswere reviewedby the Auditcommitteeand approved
have been dealt with the Note Nos' 4' 5 & 6 below
their qualifications
have been subjectto a limitedreviewoy tne statutoryAuditorsof the companyand
whichare selfexPlanatory. a singlebusiness
2. The company is engagedin the businessof manufacturing of cottonyarn & knittedfabrics.since the company's businessfalls within
inier Accounting Standard (AS) -17 Segment-Reporting is not applicable'
segment,disctosure tax liability,as stipulatedby Accounting
3. In absenceof virtualcertainity, the company rrJs recognir6oa"t"ri"o taiassets bn! to the extentof deferred
t
Standard-22.
go,zo12,stateBankof lndia(sBl) has unilaterally cancelledthe forwardcontractsand debitedr'1178'81 lacs' beingthe
4. Duringthe year endedseptember from us' The companywas
ii any, into our cash_credit accountwithoutany authorization
losseson accounlof foreignexchangedifferenceexcludinginterest, a suit in Hon'ble High court at calcuttaon 6th day
sBl. The company has filed
not in agreemenrwiththe actiontakenby the SBI and lodgedits objectionwith been transfered to the Hon'ble city civil court at
loss.The said iuit has
of August,2013 againststate Bank of India and thereforedisputesthe forex therefore has not recognized the saidforex
gth day of August 2014of Hon'bleHighcourt at calcutta. The company
Ahmedabadpursuantto the orderdated l
loss in its booksof accounts. The disputeis sub-judice' theseaccounts
lendersnamelystate Bank of Indiaand lDBl Limited'Intereston
s. The loan accountsof the company have becomeNpA in the booksof the
been providedas per the lastiommunicated rates or at the ratedebited by the bank'
has loan of t'4'34'34'766 from
to December31, 2016 on unsecuredintercorporate
6. The company has not providedinterestf. ih; ferioc trom nprir r, zois
receivedfrom.non-related party'
relatedpartyand unsecuredloanof t, 1,50,00,000/- The incentives
due to un-favorablemarketgonditionsand financialconstraints'
7. The company suspendedoperationsin september,2015 to.contalntossJs
playingfield making it difficultfor the older units to competein times of
given to new cotton spinningunits under the state textile poricycreated an uneven have beenthereforebeen preparedon
as at 30-09-2OtSand aftenrrards
generallack of demandand-asituationof oversupplyin the market.This statement

in AppelareAuthorityfor rndustriatand FinancialReconstruction u/s 25(1)the sick Industrialcompanies(special

8. fi:Hlrt::^r:j$331i;'"0 on,t8to1t2o13 (BIFR)for referencebearingno'312012
provisions)Act,1985(slcA, 1985)againstthe order passedby the Boardof Industrialand FinancialReconstruction to NationalcompanyLaw
reference bearing no.o/zolifiled u/s 15(1)of slcA, 1985 filed with BIFRwillbe transferred
fitedu/s 15(1)of the stcA,19B5and the
same will be filedoy ine Company within180 days of its coming into force'
Tribunalandfreshapplication for the on 31stMarch'2015
g. The resultsfor the ninemonthsended31sto"""ro"r, iols rig;resarrivedat ov ii'otia"ctingthe resultsfor six monthsended
31 st Decembet, "r"obriu6o
2015.
fromthe resultsfor the fifteenmonthsended
10. Thefigureshave beenre-groupedand re-classified wherevernecessaryto makethem comparable'
Ythe orderof the Board
t'
{'ttrr",*a,n--*q/
U.Kanoria
Chairman& ManagingDirector
DIN:00081108
Kolkata,the 14thFebruary,2017
 w

712,Atma flouse,
B. R. Shuh & Associates Opp. Old RBI, Ashram Road,
Ahmedabad380009
CharteredAccountants Tel: +91 79 26564175
Fax: +91 79 26563704

REVIEW
LIMITED REPORT

TheBoardof Directorg
KancoEnterprlses Limited
JasmineTowers.
3d Floor,31,Shakespeare
Sarani,
- 700017
Kolkaia
'L We havereviewed 'Statement')as on thatdate(the'Statemenf) of Kanco
the statement of unaudited financialresulb(the
Enterprises (the
Limited "Company') '3i for lhe quarterended December 31, 2016. This statementhas been preparedby the
Company pursuant 6 negulation of the SEBI(ListingObligations and Disclosure Requlremenis) 2015(the
Regulation,
;julation, 2015'),whichhasbeeninitialled
"Listiirg purpose.
by usfor identification ThisStatement of the
i3 theresponsibility
Compiny'iManagemeni andhasbeenapproved by the Boardof Directors.Our responsibilityis to issuea reporton the
Statement basedon our review.

2. We conductedour reviewin accordance with the Standardon ReviewEngagement (SRE)2410,'Reviewof Interim

FinancialInformationPerformedby the IndependeniAuditor of the Entity" issued by the Inslituteof Chartered
Accountants of India. This Standardrequiresthatwe planand performthe reviewto obtainmoderateassurance as to
whetherthe Statement is freefrommaterial misslatement.

3. A reviewis limitedprimarily of companypersonnel

to inquiries andanalyticalproedures daiaandthus
appliedto financial
Drovidelessassurance thananaudit.We havenotperformed wedo notexpress
an auditand,accordingly, anauditopinion.

4. (a) Dufing the War ended September30,m12, the Company has not accounbd tor Foreign Excfiange,oss of Rs.
tizA.at Ecs, iising out of Clancetlation'ofFo;wan! Coninci On accountof this, accumulabd loss as at March 31,
2016k towerby th; saidamount ltre ,oss abovedoesnot inctude interest lf any.
(b) tntereston Loan accountswith State Bankof India has beendebitedin the books of accounb as per last agreod
''te,
We have beenexplaind that the Company has no lnfomatlon about any change,in tha mE ot interest so
and Surplusis not de'3,|minable.
lmpactif any,of the sametn statqnentof profit int! Ioss and Rs'trve
(c) the comparry has not pfwided intercst for the period from Aprit 1., 2015to D:c-elnber31,.2016on unsecufed
iitercorporia Aan ot Rs.4g4.g5tacstuom,etatd p;fty and unsecired loanof Rs.I 50 lacs receivedfrom non'retated
pirty. inount of Ae htercst fot the sald periocton tie sald loa-n-as Pet tast ageed-?P..n'n' tt:!!ry* is Rs' 9t'85
'tac;
On accountof this, for the quattere;cted December31,2OiES;ptqnber 30,2016,Nine monthsdtded December
ii, ZOtaani eignteenionths eided March 31,m16, sta|din afra'he.t s/Fr/f'mentof profit and tossis lowerby Rs.
ti,A3 t"cs, Rs ?3.03 lacq Rs. 10.75lacs and ils. U.OS tacs respecliuety.tf this in/F.r!.s'tprov/6,ionwould have been
accountecltfier, ,osses per sharefor quarter enctedD*embi gt, ZOiA, quarter endd SePbmber.So'2016,nine
monthsendd Decemb6r31, 2016andZighben monthsendd March 31,2016woutd have beenhigher by Rs.0.08,
Rs.0.08,Rs.0.23and Rs.0.3Orcspec{ively.
(d) Becauseof operational and to curtailthe loss,compan-y
difficulties has suspended.its operationfrom
prepared
onT?!r91{i19
nongoingconcembasisand
seDtember 30,2015.Thestatement as at 31-12-2016 have been been
therefore
assetsarestatedat lo/r,er
of carryingvalueor netrealisablevalue.

5. Basedon our reviewconducted as aboveandexceptfor the above,nothinghas cometo our attntion thatcausesus to
believethattheaccompanying statemenl of unaudiled prepared
resulis
financial in with
accordance theapplicableaccounting
standards andotherrecog;iz;daccounting andpolicieshasnotdisclosed
praclices required
theinformation in
to bedisclosed
iermsof Regulation 33 oithe SEBI (Listin-g and
bbligations DisclosureRequirements) 2015
Regulation, the
including manner
anymaterial
or thalit contains
inwhichit is to bedisclosed, misstatement

ForB.R,Shah& Associates
No.129053w
FirmRegistration
Accountants
Chartered

D,GQ"-'",
DevalDesai
Partner
MembershipNo. 132426

Ahmedabad
Date: February14,2017
 rO (o cf) go)
ro .If o) f- (o o, O O o o
t-r o t- t- r =o)
(l)lJO cf) cf)
8 c.i e.i e.i c.i
co ftt
E OC{
?_
o
r
fi-F
o bg
ooJ
C{F
EEN
n t O\
f
$
c
cq .=
rl) (O hz
v
Co f
E EN
(It =Y
o--! (o
9R
O-f
e<o F
]J
c)
c{ l-
r\
o o
f-
f\
(r)
o) o
l- c! o o o o
r
Egsq s
0)
. - . 5 8F
'sO)
cEo
O (DN .=
o
(f)

q
(o (o (o @
\a e E
L ,d
l.=
o
>PN f OocO
CY O
(U
{P
PF O F
oF = o
om o dl CA
),{ c 3 -,i a
R=.U L

z(o f F.g-9{ q)
eg
.

sBu
ODLI
]C c\I N
cf)
o)
t
O)
slf) .la

(o (o
+ i *
(o (o
! fr-EE:
LU,yo= o
I $@
>3
-g6E P E
lf) rf) f- q q q q -Y* L I
cf) R:
-8
eiE J":E
cf)
6R =c) r
g;;.9
bN
E
f 6fr88 6 \YbE8
FBg g g
.i ()
E;r,i
c
L 1
(Ur
o
c !ge=
h =e
@UE o
= cf) f
E6E A B' rJ,=oo
Ozr f Gl
CIco m E< 9
e b g> o $ >^E
H 8.; P 5 EE8
= 312 5.9:0)
r f ;-r"-A a

?t
ilp
:
E
--c)
o
o)
o) _c
:88:
o-o o o
o _c rrOSo
3E
l- ;)
9E
q
L
o
a
q)
o
o
(J
(o P Pb f
c () I
c)
t
, - a - J

6.Eo 10
L
c
o
o
o
I
ilEEF
H , - R iI o
o $ dJ*q
ZP E
N X X
l- _o
L
o w
Fm & *
ItJ crl : ct LU c) o dt-tl5 Z
P-b6; L
c) G)
L
o
a
u,
E o E? = a
2 = 8= a o N
o
c)
o
.= E
0) dEPq
t F F E
t-
S o v, x
o o
L e .= bb =
P:o-( f 0) o
o a .g
L
o i-S
- \e l
trt.o L
(It
:> 0) t- c)
E.
]C
.g F

F83
+= o o-
o ()
c o o c o
o
p
L
E-t=7
-fitc o l- o GE-
a E $
o tlt C
L

G o o X
o
l- 6 = >g
'-E .9 .c
L
c) f
(Urr o E
X
c) E
o
E E6 b
o:E $ io
!-
o o c)
o c) .9. c) !c) .9,
l- 6trEtr
o o
L
q) oq) rts ELOd
o .9. o
oN:f
gro
gE5
$
o- E
o o t-
E.
(It o r P
o .=
-o (It f o nt =
o cf cc o =
.9, o
c
e#dH
;o ; !=. c e o
lt-
r
E o c c o
'Ct /r),NX- b o N o.
L
o c o G c
L
o N
-c (It
0)Cq.*
L a
a
0) o
a
a
o
() f=
oO a o c a o o
o -c o
EEt E 5
E<">6 0) x() + *c !v'= n -O
(It
c) *c c) *c
E5E=
L L
E L

FF o
fit
$8 o- o o_ !
:f
L
-o
o .9 o o) . 9 o F g'
(J
o o a 99
ia= i.=
c oo
*6 ._c o a f, . g o :-
U'
il6 G
o- o- .=
=
o c) c) o 6 9
H9 L
c co i5 ct- m o . e ,d =
F t s #
d- 6rJ-
J_C

Eq) F z z TU E a
o o
LU (u -o TU (It _o
gt orE .9s
)(r

l-
ci _EulF-g
z tit ro (o a,Itti F -o
N cf) f-
6E
--i
a 9FEFg (LO