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Moneycontrol.com India | Notes to Account > Plantations - Tea & Coffee > Notes to Account from Tata Coffee - BSE: 532301, NSE: TATACOFFEE
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Tata Coffee
BSE: 532301|NSE: TATACOFFEE|ISIN: INE493A01019|SECTOR: Plantations - Tea & Coffee
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« Mar 10
Notes to Accounts Year End : Mar '11
1. a) Contingent Liabilities:
 
                                        As at 31st         As at 31st
                                       March, 2011        March, 2010
                                      Rs. in Lakhs       Rs. in Lakhs
 
 i) Bank Guarantees                       1,000.81             897.95
 
 ii) Bills discounted                       137.36                  -
 
 2. Micro enterprises and small enterprises under the Micro, Small and
 Medium Enterprises Development Act, 2006 have been determined based on
 the confirmations received in response to intimation in this regard
 sent by the Company to the suppliers. Interest Accrued but not paid as
 at 31st March, 2011 is Rs 0.05 Lakhs (Previous Year Rs 0.07 Lakhs)
 
 3.  Segmental Reporting:
 
 The Companys operations predominantly relate to Coffee & Other Produce
 comprising of growing of Coffee, Pepper, Tea and other plantation crops
 and conversion of Coffee into Value added products such as Roast and
 Ground Coffee and Instant Coffee. The Company is also in the business
 of Curing operations of Coffee and trading of items required for Coffee
 plantations. Accordingly the revenue from Coffee & Other produce,
 Trading and Curing (others) comprise the primary basis of segmental
 information set out in these financial statements. Secondary segmental
 reporting is performed on the basis of geographical locations of the
 customers.The accounting principles consistently used for the
 preparation of Financial statements are also applied to record Income
 and Expenditure in individual segments. These are set out on the note
 as significant accounting policies. Fixed assets used in Companys
 business and liabilities contracted have been identified to the
 reportable segments. Inter unit transfers have been made at market
 prices.
 
 PRIMARY SEGMENT
 
 Geographical revenues are segregated based on the locations of the
 customers who are invoiced or in relation to which the revenues is
 otherwise recognised. The Companys exports are made to two major
 geographical areas in the world. In India its home country the Company
 sells Coffee, Pepper, Tea, Roast, Ground Coffee and Instant Coffee. The
 Plantation and Manufacturing facilities of the Company are located in
 India. The Trading and Curing (others) are carried out exclusively in
 India.
 
 Names of related parties and 
 description  of relationship
 
 1.  Holding Company              Tata Global Beverages Limited
 
 2.  Subsidiaries/JVs            Consolidated Coffee Inc.,
                                  Eight OClock Coffee Company 
                                  Alliance Coffee Limited 
                                  Tata Coffee (Uganda) Ltd.
 
 3   Key Management Personnel     Mr. Hameed Huq, Managing Director
                                  Mr. M. Deepak Kumar, Executive 
                                  Director (w.e.f. 25.10.2010)
 
 4   Fellow Subsidiary            Tata Russia (Grand JV)
                                  Tata Global Beverages Overseas Ltd.
 
 The remuneration and commission to key management personnel is
 disclosed in Note No. B16 and B17 of Schedule No. 13
 
 4.  Comparative figures relating to the previous year have been
 reclassified wherever necessary to conform to the classification
 adopted this year.
Source : Dion Global Solutions Limited
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