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Tea Time Ltd. Notes to Accounts
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You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) 0.58 Cr. P/BV 0.02 Book Value (Rs.) 83.18
52 Week High/Low (Rs.) 3/2 FV/ML 10/50 P/E(X) 0.00
Bookclosure 31/08/2021 EPS (Rs.) 0.00 Div Yield (%) 0.00
Year End :2014-03 
1 CORPORATE INFORMATION

The Company mainly deals in Export of manufactured/blended Tea to the middle-east countries. Due to Political uncertainty and economic crisis in those countries, in the recent past, the Company was unable to procure any business. The Company has been trying to develop business in other markets.

2 Contingent Liabilities in respect of Income Tax matter under appeal Rs 1,236,646/- (Previous Year Rs 1,236,646/-)

3 Segment Reporting :

Segment Reporting as defined in Accounting Standard - 17 on 'Segment Reporting' issued by ICAI is not applicable since the operations of the company relates to only one segment.

4 Related Party Disclosure :

The management is of the opinion that considering the shareholding and composition of Board of Directors, the company cannot be considered to be an associate or to have control over any other enterprise. The relationship and transactions with Key Management Personnel are disclosed,

Meeting Attendance Fees aggregating to Rs. 12,000/- to the Directors. Service Charges Rs. 960,000/- to Sri V N Agarwal.

5 Deferred Tax Assets/Liabilities :

The difference between taxable income and accounting income generally give rise to deferred tax assets and liabilities, but in view of the uncertainty and insufficiency of future profits, it has not been considered prudent by the management to account for such assets and liabilities.

6 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.

7 Previous years figures have been regrouped and rearranged, wherever necessary.


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