1. Contingent liabilities and Commitments:
(i) Contingent Liability not provided for in respect of: J Claims
against the company not acknowledged as debt Rs 18,20,091 (Previous Year
(ii) Commitments :
Estimated amount of contracts remaining to be executed on capital
account and not provided for (net off advances) Rs 8,92,200 (Previous
year Rs Nil)
2. In the opinion of the Board of Directors, Current Assets, Loans
and Advances have realizable value at least equal to amount stated in
Balance Sheet in the ordinary course of business.
3. Amounts due to Micro, Small and Medium Enterprises
Disclosure of amounts due to Micro, Small and Medium Enterprises under
current liabilities is based on the information with the company
regarding status of the supplier as defined under Micro, Small and
Medium Enterprises Development Act, 2006 As certified by the
management, accounts overdue as on March 31, 2012 to Micro, Small and
Medium Enterprises on account of principal amount together with
interest aggregate to Rs Nil (Previous Year - Nil)
4. Deferred Taxation
No provision has been made for deferred tax assets in respect of
carried forward business losses as there is no virtual certainty of
having adequate taxable profit in the near future to realize such
The Earning per Share has been calculated based upon the Weighted
Average number of shares in accordance with AS-20.
5. Related Party Disclosure under AS-18:
Related parties with whom transactions have taken place during the year
Holding Company : Tata Global Beverages Limited
Key Managerial Personnel : Mr Pradeep Poddar, Managing Director & CEO
* Ms. Abanti Sankaranarayanan was the Executive Director for a part of
the year 2010-11.
The above table does not include the contribution to Gratuity, as the
same is not separately available.
Note: (i) Relationships with Related parties are specified by the
management and relied upon by the Auditors,
(ii) Figures in brackets are in respect of the previous year.
6. Applicable disclosures as per AS-15 (Revised).
The Company has calculated the various benefits provided to employees
A) Defined Contribution Plans
Provident Fund including Employee pension scheme
During the year Company has recognized the following amounts in Profit
& Loss Account for the year ended March 31, 2012
Employers'' Contribution to Provident Fund Rs 23,95,067/-(Previous Year
7. There is no separate reportable segment, as the company is
predominantly engaged in only one segment i.e. Packaged Natural
Mineral Water Therefore, the provisions of AS-17 issued by the
Institute of Chartered Accountants of India, pertaining to Segment
Reporting, is not applicable. There is only one geographical segment in
which the company operates i.e. India.
8. (i) Exceptional Item represents one time ex-gratia payments made
to employees who have left the company,
(ii) Sale of goods during the year represents sales to PepsiCo India
Holdings Private Ltd (PIH) and NourishCo
Beverages Ltd (NBL) pursuant to arrangements between the Company and
PIH/NBL respectively (the Company currently has a Brand licensing and
manufacturing arrangement with NBL). Since pursuant to these
arrangements the selling, distribution and marketing activities were
handled by PIH and NBL during the year, the Company did not incur any
expenditure in respect thereof.
e) Earnings in Foreign Exchange : NIL
Note: Figures in brackets represent those of previous year.
9. The figures of the previous year have been regrouped/rearranged,
wherever necessary, to conform to current year''s presentation.