2. Secured Loan taken from Tea Board are repaid / adjusted during the year.

3. Interest accured on Secured Loan from Tea Board are repaid / adjusted during the year.

4. Secured loans taken from a bank are against purchase of vehicles and the loan amount are repayable over 3 years.

5. Secured loans taken from a financial company are against purchase of machineries and the same are repayable over 3 years.

6. Secured loans from a financial company include loan Rs.221966/-( Previous year Rs. 285138/-) against purchase of tractor and the same are repayable over 3 and 1/2 years.

7. Unsecured Loan taken from a Body Corporate is interest free and is repayble within remaining 4 years.

8. As there is uncertainty that sufficient future taxable income will be available, deferred tax assets have not been recognised and reviewed during the year. However, the components of deferred assets and liabilities as on 31st March, 2013 are as above.

9. Unsecured- Other Loans includes Rs. 1,71,55,003/-(Previous year Rs.97,49,529/-) as interest bearing loans and the balance amount Rs. 1,44,37,043 ( Previous year Rs. 95,31,243/-) are without bearing interest. Loan amounts are repayable on demand.

10. Details of amounts outstanding to Micro, Small and Medium Enterprise are not readiable available with the company

11. Other payables include statutory dues, Cess , P.F. dues, and unclaimed dividend.

12. The Company has defaulted in payment of P.F. dues with appropriate Authorities in earlier years. The aggregate amount of default amount as on 31.03.2014 as per the records of the Company is Rs.47,33,166/- (previous year Rs.50,77,943/-) which includes Rs. 1,56,954/- (previous year Rs.79,525/-) for the year 2013-14 which has since been paid . The P.F dues amounts are the aggregate of both Employers and Employees contributions and net of P.F. collection and P.F. Advance. The Company has paid during the year the old defaulted amounts as under :-

i) Rs.3,81,807/- (previous year Rs.3,25,000/-) in aggregate have been paid for P.F. dues against P.F. Bakijai case no.02/07-08/PF

ii) Rs.3,38,193/- (previous year Rs.3,25,000/-) in aggregate have been paid for P.F. dues against P.F. Bakijai case no.09/10-11/PF

iii) Rs. 6,83,216/- ( previous year Rs. 8,00,245/-) net of earlier payment of Rs.25000/-in 2012-13 , has been accounted for as interest on delayed deposits of P.F. dues for the period from 28.05.2002 to 27.01.2003 vide letter no PF/L/2011/C-5/7260-61 dated 21.05.2011 of Additonal P.F. Commissioner, Guwahati.

13. Necessary steps have been taken to regularise payment of certain statutory non-compliance in regard to Profident Fund dues , Excise Duty,Cess on land revenue etc. Interest and Levies due on due to such delay shall be accounted for as and when ascertained.

The Company has however regularly depositing Tax Deducted at Source and Profident Fund contributions for the year with the concerned authorities.

14. In absence of taxable income , no provision for current Income tax and for Assam Agricultural Tax has been considered necessary in the accounts as per the relevant tax laws.

15. Income Tax assessment for various years are pending at different stages before Appellate Authorities/ Trubunal . Pending Final decision in this regard , the amount payble or receivable is presently not ascertained . In the opinion of management, provision made in the books is sufficient to cover the Income tax liabilities. Adjustments if any, will be carried out after final disposal of the relevant proceedings.

16. Investment in Unquoted shares held as Stock-in -trade on conversion in the earlier years were taken at book cost and investment of 40,000 equity shares of Rajhans Vincom Pvt Ltd has converted into stock-in-trade are yet to be transferrered in the name of the Company.

17. The company has finished stock of tea ,shares as stck in trade and stores as at year end . There in no stock of green leaf as on that date The company has consistently followed valuation of finished goods at net realisable value. Pursuant to the Accounting Standard (AS 2) - on inventory valuation, issued by the Institute of Chartered Accountants of India and made mandatory w.e.f. 01.04.1999, inventories are to be valued at cost or net realisable value whichever is lower. Considering the nature of business the management has continued the practice of valuation at net realisable value and in the preceding year except the shares and stores are valued and taken at book cost.

18. No provision for diminution in value of share held as Stock-in trade, if any, has been accounted for in the accounts and the same is considered to be of temporary in nature.

19. Shares held as Stock-in-trade could not be made available to Auditors for their verification.

20. The company has not identified slow/non moving and obsolute stores during the year.

21. Trade receivables include Debtors amouting Rs 2,00,069/-(previous year Rs.1,21,393-) are overdue for recovery. In view of the pursuasiv steps being taken for recovery, these balances have been considered goods and fully recoverable.

22. Subsidy on plantations amounting Rs.1589891/- received during the year has been adjusted from expenditures incurred on Old Cultivation account

23. NOTE:

I. All assets except motor vehicles have been revalued on 30.09.94 by an approved valuer and increase in value of these assets aggregating to Rs.6,57,50,953/- (net) on account of the same has been transferred to Revaluation Reserve Account.

II. Machinery includes Rs.28,85,622/- (Previous Year Rs.28,85,622/-) acquired on Hire Purchase Scheme under Tea Board Finance Scheme against which Rs.Nil/- (Previous Year Rs.12,82,211/-) is outstanding.

III. No Provision has been made for Amortisation of Leasehold Land. The Lease deed has expired and necessary application for renewal of the same is still pending before the respective authorities.

IV. Provision for Depreciation Rs.18,09,840/- ( previous year Rs. 1809840/)-in aggregate on machineries for the year 2010-11 & 2011-12 have been provided in the accounts and correspondingly Rs422604/( previous year Rs. 422604/-)-on account of revalued machinery amount for the said years has been adjusted in Revaluation Reserve account.

V.**

i) Machineries include Rs. 651500/- (Previous year Rs.496500/-) which are secured by hypothecation to a finance company against which the outstandings as on 31.03.2014 are Rs.254007/- (Previous year Rs. 363198/-)

ii) Motor vehicles include Rs.16,98,984/- (Previous year Rs.1698984/-) which are secured by hypothecation to a bank against which the outsatandings as on 31.03.2014 are Rs.967269

iii) Tractor Rs.5,44,292/- (Previous year Rs.544292/-) represents secured by hypothecation to a finance company against which outstanding as on 31.03.2014 is Rs.358088/-

VI. Title deeds of the lease hold land of the Company 's Tea Estate " Arcuttipore Tea Estate " are yet to be received by the said Central Bank of India , Kolkata through the intermeditary Messers ASREC ( India ) Limited, Kolkata.

24. Information given in accordance with the requirements of Accounting Standard - 17 on Segment reporting issued by the Institute of Chartered Accountants of India: - The Company has one primary business Segment having two divisions: -

i. Tea Division

ii. Trading Division including insurance service

The Tea Division of the Company is engaged in the business of cultivation manufacturing,Sale of Tea & Green leaf. The Company's Trading Division is engaged in purchase & sale of shares and service charges on insurance business.

25. Confirmations for Credit and Debit balances including Secured Loan and Unsecured Loans, Sundry Debtors, Sundry Creditors, Advances received from customers loans and advances are to be obtained. Necessary consequential adjustments will be made as and when ascertained.

26. Unprovided estimated gratuity liability Rs. 4,12,128.13/- (previous year Rs.6,28,517/-) for the year and the total unprovided gratuity as on 31.03.2014 as extimated by the Management amounts to Rs.11679381.63 (previous year Rs.10650382/-) including in respect of employees retired till 31.03.2014. However, the company has paid gratuity of Rs.362332/- (previous year Rs.461800/-) to its employees during the year and charged to this statement of Profit and Loss. Moreover, the company has paid amount Rs.534600/- (previous year Rs 318500/-) to the retired employees on account against their gratuity dues and the same are shown as advances at the year -end.

27. Contingent Liabilies not provided in respect of :-

                                            2013-2014         2012-2013
                                     (Figures in Rs.)  (Figures in Rs.)

ii) Excise duty demanded against which petition has been field 3,92,841/- 3,92,841/- before cout and decision is pending

iii) Income Tax demands pending                     -     3,11,90,000/-
in Tribunal appeals for Rs. 240.97 
Lacs

29. Previous year's figures have been re-grouped/re-arranged wherever considered necessary.