1.  Gratuity:
 
 The Company has provided for gratuity on the basis of actuarial
 valuation .
 
 2.  Quantitative information   
 
 Manufactured Item     Tea Licensed
 Capacity              Not Applicable 
 Installed Capacity    (In kg): 1,00,00,000      (1,00,00,000)
 
 2.  No provision for contingent liability in respect of the following
 has been made in the accounts- 
 
 i. Outstanding Bank Guarantees amounting to 70.61 Lakhs ( 74.76 lakhs)
  
 ii. Guarantees to Banks/ other institutions for limits in favour of
 associate companies 634.76 lakhs ( 581.51 lakhs).   
 
 iii. In respect of Capital Contracts Net of Advances NIL ( 49.90
 Lakhs).
 
 4.  The company has accounted for Agricultural Income Tax on cash
 basis. Total Agricultural Income Tax liability including interest
 payable thereon not accounted for aggregate 54.39 lakhs. However, total
 demand is disputed and case is pending at West Bengal Tax Tribunal.
 
 5.  The Company acquired by way of purchase Dharnipur Tea Estate as a
 going concern from its owner Sri Dhirendra Nath Bhowmick (since
 deceased) and Dharnipur Tea Industries (P) Ltd. as confirming party and
 the Deed of conveyance was duly executed and registered in the name of
 the Company. The said Deed of Conveyance was cancelled in view of
 pending dispute between the seller and another party. However the
 agreement for purchase of the said Tea Estate subsists and is subject
 matter of a specific performance suit pending before Hon''ble Calcutta
 High Court. The Company is not in possession of the said Tea estate and
 has accordingly not accounted for the profit and/or loss on account of
 the operation or own- ership of the said Tea Estate. The value of
 Dharnipur Tea estate represents the costs paid at the time of purchase
 and the legal expenses incurred therefore.
 
 6.  The Company acquired certain interest in a plot of land at
 Bangalore for which registration in the name of the company has not
 been done. All expenses of litigation in respect of the said land are
 considered as deemed cost of land.
 
 7.  As per Accounting Standard 18, issued by the Institute of
 Chartered Accountants of India, the disclosure of transactions with the
 related parties as defined in the Accounting Standard are given below :
 
 i) List of Related Parties with whom transactions have taken place and
 relationships :
 
 Sl  Name of Related Party                     Nature of Relationship
 No.
 1   East Indian Produce Limited               Associate Companies
 
 2   Jaldacca Tea Plantations Private 
     Limited
 
 3   Abhijit Tea Company Private Limited
 
 4   Terai Infrastructures Limited
 
 5   Terai Ispat & Trading Limited
 
 6   Terai Dooars Tea Company Private 
     Limited 
 
 7   Sayedabad Tea Company Limited
 
 8   Terai Jute Pvt. Limited
 
 9   Terai Financial Services (P) Limited
 
 10  The Kharibari Tea Company Limited
 
 11  Terai Overseas Limited
 
 12  Terai Distilleries Limited
 
 13  Terai Resorts & Country Club (P) 
     Limited
 
 14  Amit Paridhan Private Limited
 
 15  Kanchaanview Tea Estate                   Enterprises of Key 
                                               Management Persons
 
 16  Ajit Kumar Agarwala & Others (HUF)
 
 17  Sri Ajit Kumar Agarwala                   Key Management Persons
 
 18  Smt. Shashikala Agarwala
 
 8. As the Company''s business activity falls within a single primary
 business segment viz. Tea plantation and production, disclosure
 requirement of Accounting Standards (AS-17) Segment Reporting issued
 by the Institute of Chartered Accountants of India are not applicable.
 
 9. The company has not received information from vendors regarding
 their status under the Micro, Small and Medium Enterprises Development
 Act, 2006 and hence disclosures relating to amounts unpaid as at the
 year end together with interest paid / payable under this Act have not
 been given.