SENSEX NIFTY India | Notes to Account > Plantations - Tea & Coffee > Notes to Account from Hatigor Tea Estates - BSE: 531059, NSE: N.A

Hatigor Tea Estates

BSE: 531059|ISIN: INE205E01019|SECTOR: Plantations - Tea & Coffee
Hatigor Tea Estates is not traded in the last 30 days
Hatigor Tea Estates is not listed on NSE
Notes to Accounts Year End : Mar '00
 1. Previous years figures have been re-grouped/re-arranged wherever found
 2. Estimated amount of contracts remaining to be executed on capital
 account and not provided for (Net of Advances) Rs,. NIL.  (Previous year
 Rs. NIL)
 3. No provision has been made for Debtors (Export Receivables)
 amounting to Rs. 3,11,916.60 considered Doubtful of recovery for which
 necessary steps are being taken with appropriate authorities for
 4. Miscellaneous Expenses in Schedule - Q includes Loss on theft of
 Motor Cycle amounting to Rs. 37,382/- for which necessary claim has
 bene made with the Insurance Company.  The same will be accounted for
 as and when the claim will be received.
 5. In accordance with AS-2 issued by the Institute of Chartered
 Accountants of India, the stock in trade have bene valued at cost or
 market price whichever is lower, which were valued  at cost in
 Previous Year.  However the impact of such change in valuation is nil
 on Profit & Loss Account.
 6. Capital Work-in-Progress includes Advances given to Plant Suppliers
 on Turnkey basis amounting to Rs. 28,50,000/- (Previous year Rs.
 7. Sundry Creditors for goods in Schedule J includes SSI units as below
 Creditors exceeding Rs. 1 lakhs for a period for more than one month -
 Other Creditors - Nil
 8. No Provision has been made for Income Tax demand amounting to Rs.
 1,31,161/- in respect of Assessment year 1996-97.  The same will be
 accounted for as & when paid.
 9. Advances recoverable in Cash or in kind or for value to be
 received includes advances given to firm and companies under same
 management amounting to Rs. 37,40,282.05 (Previous year Rs.
 64,32,082.54) for supply of green tea leaf and other advances wherein
 the Directors of the Company are interested.  Maximum amount due during
 the year from such companies/firms are as under.
 NAME OF THE PARTIES                                  MAXIMUM AMOUNT DUE
                                             At any time during the year 
 Hatigor Tea Estate                                     Rs. 67,59,031.20
 Assam Farmers Tea Holding (P) Ltd.                     Rs. 17,07,659.00
 Hatigor Exports Ltd.                                   Rs.  1,68,602.76
 Bajrang Enterprises Pvt. Ltd.                          Rs.    90,000.00
 SPGI Holdings Pvt. Ltd.                                Rs.    71,743.00
 10. Additional information Pursuant to Part II of Schedule VI to the
 Companies Act, 1956.
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