1. The Company is a Small and Medium Sized Company (SMC) as defined in
 the General Instructions in respect of Accounting Standards notified
 under the Companies Act, 1956.  Accordingly, the Company has complied
 with the Accounting Standards as applicable to a Small and Medium Sized
 Company.
 
 2. The Company operates defined Benefit Schemes of Gratuity (unfunded)
 and Superannuation (funded) based on current salaries in accordance
 with the rule of the fund/Plan. In terms of Accounting Policies
 enumerated in Note 18 the following Table sets forth the particulars in
 respect of Defined Benefit Plans of the Company for the year ended 31st
 March, 2011 arising out of actuarial valuations :
 
 VII. Principal Actuarial Assumptions of funded and unfunded plans as
 applicable
 
 Actuarial valuation considered estimates of future salary increases
 taking into account inflation and other relevant factors.
 
 The expenses for the above mentioned benefits have been disclosed under
 Salaries, Wages, Bonus and Gratuity and Contribution to Superannuation
 Fund in Schedule 14.
 
 Post Employment Contribution Plan
 
 During the year an aggregate amount of Rs. 110 (Previous Year - Rs.
 108) has been recognized as expenditure towards defined contribution
 plan of the Company.
 
 3.  The Company is awaiting approval from the appropriate authority in
 respect of a separate Gratuity Fund established on 26th March, 1999
 with an initial token contribution of Rs. 10.
 
 4.  Contingent liabilities
 
 a) Income Tax matters under Appeal Rs. 24,960 (Previous Year Rs.
 24,960).
 
 b) Sales Tax matters under Appeal Rs. 1,280 (Previous Year Rs. 1,280).
 
 c) Legal matters amounting to Rs. 299 ( Previous Year Rs. 299).
 
 5.  Cancellation of Bank Guarantees covered by Fixed Deposits amounting
 to Rs. 750 (Previous Year Rs. 750) on account of Tippuk Tea Estate
 already sold are in process.
 
 6. Related Party Disclosures
 
 a) Disclosure of relationships :
 
 Relationship                          Name
 
 Significant Influence by              Warren Tea Limited
 Key Management Personnel
 
 Key Management Personnel              Mr S K Ghosh (Managing Director)
 
 7.  Buyers'' accounts for sale/transfer of tea estates of the Company
 in earlier years are pending settlements.
 
 8.  There has been no loss on account of Impairment of Assets since
 the carrying amount of Fixed Assets does not exceed the recoverable
 amount.
 
 9.  Previous year''s figures have been regrouped or rearranged,
 wherever necessary.
 
 10. Major Accounting Policies :
 
 The financial statements have been prepared consistently in accordance
 with the standards of accounting prescribed under the Companies Act,
 1956. A summary of significant Accounting Policies is set out below :