1.  a) As per the policy of management each year actual bad debts are
 ascertained after the consideration and they are written off.
 
 (b) Balance of Deposits and Advances are subject to confirmation from
 the respective parties.
 
 2.  Rs.6,61,800/- paid to Tollygunge Club Ltd. and Rs.5,61,800/- paid
 to Calcutta Club Ltd. for corporate Membership for 5 & 7 years
 respectively is proportionately amortized over the life span of the
 membership.
 
 3.  Related Party Disclosures :
 
 As per Accounting Standard-18, the disclosures of transactions with the
 related parties are given below:
 
 Note:
 
 (a) The company is engaged in the business of sale of made tea
 (including blending), industrial items etc,. The Products and their
 applications are homogeneous in nature. The business segments are
 organized as domestic and international on the basis of geographical
 segment.
 
 (b) Segment assets & liabilities, as well as revenue and expenses are
 directly attributable to the segment.
 
 (c) All unallocated assets and liabilities and revenue and expenses are
 treated separately.
 
 (d) There are no separate reportable secondary segments.
 
 (e) Accounting policies of the segment are the same as those described
 in Summary of significant accounting policies as set out in Note No. 1
 of Schedule.
 
 4 The Company accounts for the profit/loss on forex derivative
 contracts as & when they are settled as against AS-30, issued by the
 Institute of Chartered Accountants of India on Financial Instruments:
 Recognition and Measurement which requires the company to provide for
 loss on outstanding forex derivative contracts as at Balance Sheet
 date.
 
 5. There are no outstanding dues against entities falling under the
 provisions of Micro Small and Medium Enterprises Development Act, 2006.
 
 6.  Earning in Foreign Exchange during the year amounted to Rs.
 125,74,60,001/-
 
 7.  Previous year''s figures have been re-grouped/re-arranged wherever
 found necessary to the nearest rupees.''