| Terms/rights attached to Equity Shares
The Company has only one class of Equity Shares having a par value of
Rs 10/- per share. Each holder of Equity shares is entitled to one vote
per share and equal right for dividend. The dividend proposed by the
Board of Directors is subject to the approval of Shareholders in the
ensuing Annual General Meeting, except in case of interim dividend. In
the event of Liquidation, the equity shareholders are eligible to
receive the remaining assets of the company after payment of all
preferential amounts, in proportion of their shareholding.
a) Contingent Liabilities in respect of Income Tax matter under appeal
for Assessment years 2002-03, 2003-04, 2005-06 and 2006-07 Rs.
24,527,358/- (Previous Year Rs. 24,527,358/-)
b) As the company's activities falls within a single primary business
segment viz. Tea export so disclosure requirement of Accounting
Standard 17 "Segment Reporting" issued by ICAI has not been given.
c) No amount have been written 0ff in respect of debts to or due from
related parties.
d) The Company has no amounts due to suppliers under the Micro, Small &
Medium Enterprises as defined under the Micro, Small & Medium
Enterprises Development Act, 2006 (MSMED) as at 31.03.2014. Hence no
additional disclosure have been made. The information regarding Micro,
Small and Medium Enterprises has been determined to the extent such
parties have been identified on the basis of information.
e) Previous year figures have been regrouped and reclassified wherever
necessary.
|