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. |