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
(a) The company is engaged in the business of sale of made tea
(including blending), Logs & Iron & Steel 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
(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
(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
2. 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.
3. Based on the intimation received by the company none of the
suppliers have confirmed to be registered under The Micro Small and
Medium Enterprises Development Act, 2006. Accordingly the
disclosures relating to amounts unpaid as at the year ended together
with interest paid or payable is not required to be furnished.
4. The financial statements for the year ended 31 st March, 2011 had
been prepared as per the then applicable, pre-revised Scheduled VI to
the Companies Act, 1956. Consequent to the notification under the
Companies Act, 1956, the financial statements for the year ended 31 st
March, 2012 are prepared under revised Schedule VI. Accordingly, the
previous year figures have also been reclassified to conform to this
5. The information as required to be furnished pursuant to the
General Instructions to Part I & Part II of the Schedule VI to the
Companies Act, 1956 have been given to the extent applicable.