1 The company has received 31,000 Equity Shares of Bank of Rajasthan
 Limited held as security against Inter Corporate Loan of Rs.
 50,00,000/-, provided earlier. Hence the entire amount has been
 allocated towards cost of acquisition of the said shares. However,
 26,000 Equity Shares of Bank of Rajasthan Ltd., out of 31,000 shares
 are yet to be transferred in the name of the Company, which is in
 process.
 
 2 No provision, if any, for fall in market value of investments is made
 in the accounts, being temporary in nature.
 
 a) Contingent Liabilities provided in respect of :
 
 I) Income Tax matter under appeal 13,30,585/- (Previous Year
 13,30,585/-)
 
                                               31.03.2012  31.03.2011
 
 II) Guarantee given to Sales Tax Authority 
 at Coonoor                                      5,000.00    5,000.00
 
 b) In view of press release No. 1998-99/1269 dt. 8th April,1999 issued
 by RBI the Company has filed application for registration as an NBFC.
 But no communication regarding it has been received till date. In view
 of pending registration, the company has complied with the prudential
 norms prescribed for an NBFC (Notification No. : DFC-199/DG(SPT)-98
 dtd. 31.01.1998.)
 
 c) As the company''s activities fall within a single primary business
 segment viz. Tea export so disclosure requirement of Accounting
 Standard 17 Segment Reporting issued by ICAI has not been given.
 
 d) As per Related Party disclosure pursuant to Accounting Standard (AS)
 18 Related Party Disclosure issued by ICAI:
 
 e) Pursuant to Accounting Standard AS-22 Accounting for taxes on
 Income issued by ICAI the Company had a deffered Tax Assets which had
 been ignored on prudent basis as the amount is negligible.
 
 f) The Company has no amounts due to suppliers under the Micro, Small &
 Medium Enterprises as defined under the Micro, Small & Medium
 Enterprises Development Act, 2006 (MSMED) as at 31.03.2012. Hence no
 additional disclosure have been made. The information regarding Micro,
 Small and Medium Enterprises has been determined to the extent such
 parties have been identified on the basis of information.
 
 g) The Ministry of Corporate Affairs has notified the Revised Schedule
 VI on 28th February, 2011 which has replaced the existing Schedule VI
 in respect of Balance Sheet and Profit and Loss Account from the
 financial year commencing 1st April 2011. Accordingly the company has
 adopted the Revised Schedule VI from 1st April 2011 which does not
 impact recognition and measurement of principles followed for
 preparation of financial statements. However it significantly impacts
 presentation and disclosures made in the financial statements. Previous
 year figures have been reclassified for comparison and conforms to
 current year''s classification.