1. Manufacturing Income of Rs. NIL (Previous year Rs. 42,80,595/-) is
on account of Tea manufactured for other concern.
2. Other liabilities in Schedule 11 include Rs. 2,77,872/- (Previous
year Rs. 77,946/-) in respect of unclaimed dividends.
4. Estimated amount of contracts remaining to be executed on capital
account and not provided for Rs. Nil (Previous Year Rs. Nil)
5. Interest paid includes Rs. 1,35,76,056/- on Fixed Period
Loans.(Previous Year Rs. 72,64,052/-)
6. No provision pursuant to the Accounting Standard for Investment
(AS-13) of Companies (Accounting Standard) Rule, 2006 has made for
diminuation if any in the value of long term investments as the
management feels that there is no permanent diminuation in value.
Current Year Previous Year
8. Contingent Liabilities
- Guarantee provided to State Bank of
India in respect of working capital
of Subsidiary Company – 10,45,00,000
- Liability for Excise Duty 11,27,944 12,61,660
- Liability for Provident Fund (for
ration to employees) 11,83,069 –
9. As per Accounting Standard-15 Employees'' Benefits have been
provided in the Accounts.
16. The Company has only one business segment of manufacture and sale
of black tea, hence AS 17 of Companies accounting Rules 2006 do not
apply.
18. Related party disclosure - pursant to AS 18 of Companies
(Accounting Standards) Rules 2006 :
a) Where control exists :
Related Parties Relationship
Name : B&A Packaging India Ltd.
(Formerly B&A Multiwall Packaging Ltd.) Subsidiary Company
b) Others
Mr. H. P. Barooah Key Management Personnel
Mr. Somnath Chatterjee Key Management Personnel
Mrs. Sarmila Shetty Key Management Personnel
Mrs. Gargi Barooah Relative of Key Management Personnel
20. Green leaf purchased & consumed during the year : 87,94,981 Kg.
(Previous Year 77,37,327 kg.)
21. Previous Year''s figures have been regrouped and rearranged,
whereever considered necessary.
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