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Notes to Accounts of CCL Products India Ltd.

Mar 31, 2015

1 Rights attached to equity shares

The Company has only one class of equity shares having a face value of Rs. 2 /- each (Previous Year Rs. 2 /-). Each holder of equity share is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The dividend of Rs. 1.50/- per share (Previous Year Rs.1.20/- per share) proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

2 On account of depreciation adjustment in compliance with Schedule II of the Companies Act, 2013

Details of security:

Working Capital Facilities by State Bank of India, State Bank of Hyderabad, ICICI Bank Limited and Kotak Mahindra Bank Ltd under consortium are secured by way of first pari-passu charge on current assets and second pari-passu charge on fixed assets of the Company.

3 There are no transactions with Micro and Small enterprises, hence disclosures are not given as required under MSMED Act, 2006.

4 During the year the Company has transferred unclaimed dividend of Rs.2.14 Lakhs pertaining to Financial Year 2006-07 to Investor Education and Protection Fund on expiry of 7 Years.

5 Deposits with Statutory Authorities of Rs.2729.35 Lakhs represents amount paid to Income Tax Authorities under protest.

2015 2014

(I) Contingent Liabilities

(A) Claims against the Company/ disputed liabilities not acknowledged as debts :

* Excise & Customs 31.76 31.76

* Service Tax 550.66 550.66

* Income Tax - -

(B) Guarantees

- Bank Guarantees (includes Corporate Guarantees)* 14,992.55 18,874.84

(II) Commitments

Estimated amount of contracts remaining to be executed on capital account and not provided for 344.70 23.54

* Corporate Guarantees of Rs.13832.57 lakhs (Previous Year Rs.17729.44 lakhs) given to subsidiary - Ngon Coffee Company, Vietnam

6 Segment Reporting

Based on the guiding principles given in Accounting Standard on ''Segment Reporting (AS-17) issued by the Institute of Chartered Accountants of India the Company''s primary business segment is Instant Coffee.

Segment accounting policies

In addition to the significant accounting policies applicable to the business segment as set out in Note 1 to the Financial Statements the accounting policies in relation to segment accounting are as under:

a) Segment assets and liabilities

All segment assets and liabilities are directly attributable to the segment.

Segment assets include all operating assets used by the segment and consist principally of fixed assets, inventories, sundry debtors, loans and advances and operating cash and bank balances. Segment assets and liabilities do not include investments, inter corporate deposits, reserves and surplus, borrowings, provision for contingencies and income tax (both current and deferred).

b) Segment revenue and expenses:

Segment revenue and expenses are directly attributable to the segment. Segment revenue and expenses do not include interest income on inter-corporate deposits, profit on sale of investments, interest expense, provision for contingencies and income tax.

7 Related Party disclosures as per (AS-18) read with Companies Act, 2013

The disclosures of transactions with the related parties are given below:

(i) Names of related parties and description of their relationship:

1. Key Managerial Personnel Mr. Challa Rajendra Prasad, Whole time Director

Mr. Challa Srishant, Managing Director

Mr. K.V.L.N. Sarma, Chief Financial Officer

Ms. Sridevi Dasari, Company Secretary

2. Non-whole time Directors Mr. I.J. Rao, Non-Executive Director

Mr. Zafar Saifullah, (upto 25.07.2014) Non-Executive Director

Mr. Vipin K.Singal, Non-Executive Director

Mr. K. Chandrahas, Non-Executive Director

Mr. J. Rambabu, Non-Executive Director

Mr. B. Mohan Krishna, Non-Executive Director

Mr. K.K. Sarma, Non-Executive Director

Mr. G.V. Krishna Rau, Non-Executive Director

Ms. Kulsoom Noor Saifullah, Non-ExecutiveDirector

Mr. Jonathan T. Feuer, (upto 16.03.2015) Non-Executive Director

3. Relatives of Key Managerial Personnel Ms. Challa Shantha Prasad (Spouse of Mr. Challa Rajendra Prasad, Executive Chairman)

Ms. Challa Soumya (Daughter of Mr. Challa Rajendra Prasad, Executive Chairman)

4. Subsidiary Companies M/s. Jayanti Pte Ltd., Singapore

M/s. Continental Coffee Pvt.Ltd., India

M/s. Grandsaugreen SA, Switzerland (Subsidiary of Jayanti Pte. Ltd., Singapore)

M/s. Ngon Coffee Company Ltd., Vietnam (Subsidiary of Jayanti Pte. Ltd., Singapore)

8 Previous Year''s figures are regrouped/rearranged wherever considered necessary to conform the current year figures .


Mar 31, 2014

1.1 Segment Reporting

Based on the guiding principles given in Accounting Standard on `Segment Reporting (AS-17) issued by the Institute of Chartered Accountants of India the Company''s primary business segment is Instant Coffee.

Segment accounting policies

In addition to the significant accounting policies applicable to the business segment as set out in Note 1 of the notes to the Financial Statements the accounting policies in relation to segment accounting are as under:

a) Segment assets and liabilities

All segment assets and liabilities are directly attributable to the segment.

Segment assets include all operating assets used by the segment and consist principally of fixed assets, inventories, sundry debtors, loans and advances and operating cash and bank balances. Segment assets and liabilities do not include investments, inter corporate deposits, reserves and surplus, borrowings, provision for contingencies and income tax (both current and deferred).

b) Segment revenue and expenses:

Segment revenue and expenses are directly attributable to the segment. Segment revenue and expenses do not include interest income on inter-corporate deposits, profit on sale of investments, interest expense, provision for contingencies and income tax.

(ii) Names of related parties and description of their relationship:

1. Key Management Personnel Mr.Challa Rajendra Prasad, Executive Chairman

Mr.Challa Srishant, Managing Director

2. Relatives of Key Management Personnel Mrs.Challa Shantha Prasad

(Spouse of Mr.Challa Rajendra Prasad, Executive Chairman)

Ms.Challa Soumya

(Daughter of Mr.Challa Rajendra Prasad, Executive Chairman)

3. Subsidiary Companies M/s. Jayanti Pte Ltd., Singapore

M/s. Continental Coffee Pvt Ltd., India M/s. Grandsaugreen SA, Switzerland (Subsidiary of Jayanti Pte. Ltd., Singapore) M/s. Ngon Coffee Company Ltd., Vietnam (Subsidiary of Jayanti Pte. Ltd., Singapore)

1.2 Previous Year''s figures are regrouped/rearranged/recasted wherever considered necessary to conform the current year figures.


Mar 31, 2013

1.1 Segment Reporting

Based on the guiding principles given in Accounting Standard on ''Segment Reporting (AS-17) issued by the Institute of Chartered Accountants of India the Company''s primary business segment is Instant Coffee.

Segment accounting policies

In addition to the significant accounting policies applicable to the business segment as set out in Note 1 of the notes to the Financial Statements the accounting policies in relation to segment accounting are as under:

a) Segment assets and liabilities

All segment assets and liabilities are directly attributable to the segment.

Segment assets include all operating assets used by the segment and consist principally of fixed assets, inventories, sundry debtors, loans and advances and operating cash and bank balances. Segment assets and liabilities do not include investments, inter corporate deposits, reserves and surplus, borrowings provision for contingencies and income tax (both current and deferred).

b) Segment revenue and expenses:

Segment revenue and expenses are directly attributable to the segment. Segment revenue and expenses do not include interest income on inter-corporate deposits, profit on sale of investments, interest expense, provision for contingencies and income tax.

1.2 Related Party disclosures

As per AS-18, the disclosures of transactions with the related parties are given below: (i) Details of the related party transactions

(ii) Names of related parties and description of their relationship:

1. Key Management Personnel Mr.Challa Rajendra Prasad, Chairman & Managing Director

Mr.Challa Srishant, Executive Director

2. Relatives of Key Management Personnel Mrs.Challa Shantha Prasad

(Spouse of Mr.Challa Rajendra Prasad, C.M.D.)

Ms.Challa Soumya

(Daughter of Mr.Challa Rajendra Prasad, C.M.D.)

3. Subsidiary Companies M/s. Jayanti Pte Ltd., Singapore

(Subsidiary of CCL Products (India) Limited - India) M/s. Grandsaugreen SA, Switzerland (Subsidiary of Jayanti Pte. Ltd., Singapore) M/s. Ngon Coffee Company Ltd., Vietnam (Subsidiary of Jayanti Pte. Ltd., Singapore)

1.3 Previous Year''s figures are regrouped/rearranged/recasted wherever considered necessary to conform the current year figures


Mar 31, 2012

A) Details of security:

The Term Loans are secured by Paripassu Charge on all the Fixed Assets of the Company by way of deposit of title deeds in respect of Factory and Land admeasuring Acr.19.3475 Cents situated at Duggirala Mandal, Guntur District. The said facility is further secured by way of second charge on the current assets of the company both present and future. The Term Loans availed by the company are also secured by the personal guarantee of the Chairman & Managing Director.

b) Deferred payment liabilities represent sales tax deferment. This loan is interest free and repayable as Rs. 11.71 lakh in the year 2012-13, Rs. 8.48 lakh in the year 2013-14 and Rs.13.40 lakh in the year 2014-15 respectively.

Details of security:

Working Capital Facilities by State Bank of India, State Bank of Hyderabad, ICICI Bank Limited and Kotak Mahindra Bank Ltd under consortium are secured by way of first paripassu charge on Hypothecation of stocks of raw materials, semi finished, finished goods consumables, stores, book debts and such movable assets present and future and second charge on all fixed assets of the Company.

# Withholding and other taxes payable include Sales Tax deferment amounting to Rs. 11.71 Lakh (Previous Year Rs. 15.99 lakh) {refer note 2.3 ( c ) }

## These Figures do not include any amounts, due and outstanding, to be credited to Investor Education and Protection Fund

1.1 Contingent Liabilities and Commitments

2011-12 2010-11

(I) Contingent Liabilities

(A) Claims against the company/ disputed liabilities not acknowledged as debts :

- Income Tax 2,942.11 2,942.11

- Excise & Customs 31.76 31.76

- Service Tax 550.66 -

(B) Guarantees

- Bank Guarantees (includes Corporate Guarantees) 15,144.78 10,818.80

(II) Commitments

Estimated amount of contracts remaining to be executed on capital account and not provided for 404.91 -

(*) No provision was made in the books as the fair value of plan assets are more than the present value of obligations.

1.2 Remittance in foreign currency on account of Dividend

The Company has paid dividend in respect of shares held by Non-Residents on repatriation basis. The exact amount of dividend remitted in Foreign Currency cannot be ascertained. The total amount remittable in this respect is given herein below :

1.3 Segment Reporting

Based on the guiding principles given in Accounting Standard on 'Segment Reporting (AS-17) issued by the Institute of Chartered Accountants of India, the Company's primary business segment is Instant Coffee.

Segment accounting policies

In addition to the significant accounting policies applicable to the business segment as set out in Note 1 of the notes to the Financial Statements, the accounting policies in relation to segment accounting are as under:

a) Segment assets and liabilities

All segment assets and liabilities are directly attributable to the segment.

Segment assets include all operating assets used by the segment and consist principally of fixed assets, inventories, sundry debtors, loans and advances and operating cash and bank balances. Segment assets and liabilities do not include investments, inter corporate deposits, reserves and surplus, borrowings provision for contingencies and income tax (both current and deferred).

b) Segment revenue and expenses:

Segment revenue and expenses are directly attributable to the segment. Segment revenue and expenses do not include interest income on inter-corporate deposits, profit on sale of investments, interest expense, provision for contingencies and income tax.

1.4 Related Party disclosures

As per AS-18, the disclosures of transactions with the related parties are given below:

(i) Details of the related party transactions

(ii) Names of related parties and description of their relationship:

1. Key Management Personnel Mr.Challa Rajendra Prasad, Chairman & Managing Director

Mr.Challa Srishant, Executive Director

2. Relatives of Key Management Personnel Mrs.Challa Shantha Prasad

(Spouse of Mr.Challa Rajendra Prasad, C.M.D.)

Ms.Challa Soumya

(Daughter of Mr.Challa Rajendra Prasad, C.M.D.)

3. Subsidiary Companies M/s. Jayanti Pte Ltd., Singapore

(Subsidiary of CCL Products (India) Limited - India)

M/s. Grandsaugreen SA, Switzerland (Subsidiary of Jayanti Pte. Ltd., Singapore)

M/s. Ngon Coffee Company Ltd., Vietnam (Subsidiary of Jayanti Pte. Ltd., Singapore)

1.5 Previous Year's figures are regrouped/rearranged/recasted wherever considered necessary to conform the current year figures


Mar 31, 2011

1 Contingent Liabilities:

As on Balance sheet date existing contingent liablities are Bank Guarantees including Corporate Guarantees Rs. 10,818.80 lakhs (Previous Year: Rs. 4,112.53 lakhs); disputed taxes/ duties Rs. 2,973.87 lakhs (Previous Year: Rs. 31.76 lakhs) aggreegating to Rs. 13,792.67 lakhs (Previous Year: Rs. 4,144.29 lakhs)

2 Loans, Advances & Debtors:

Loans, advances and debtors as stated in the Balance Sheet are, in the opinion of the Management, realizable in the ordinary course of business.

3 Secured Loans:

i) The Term Loans, including the Rs. 25 Crores availed during the year, are secured by Paripassu Charge on all the Fixed Assets of the Company by way of deposit of title deeds in respect of Factory and Land admeasuring Acr.19.3475 Cents situated at Duggirala Mandal, Guntur District. The said facility is further secured by way of second charge on the current assets of the company both present and future. The Term Loans availed by the company are also secured by the personal guarantee of the Chairman & Managing Director.

ii) Working Capital Facilities by State Bank of India, State Bank of Hyderabad and ICICI Bank Limited under consortium are secured by way of first paripassu charge on Hypothecation of stocks of raw materials, semi finished, finished goods, consumables, stores, book debts and such movable assets present and future and second charge on all fixed assets of the Company.

4 As per the Certificate given by the Management, there is no delay in making payments to Micro, Small and Medium Enterprises attracting the provisions of the Micro, Small and Medium Enterprises Development Act, 2006.

5 Disclosure as per AS 15:

a) Gratuity:

The Company has covered its gratuity liability by a Group Gratuity Scheme issued by LIC of India. Under the plan the eligible employees are entitled to Gratuity under a defined benefit plan.

b) Leave Encashment:

The Company has made provision for leave encashment of Rs. 4,22,558/- based on actuarial valuation. Since actuarial valuation is done first time, previous year figures are not given.

6. Quantitative & Other Information:

F) Details required under Clause C of Para 4D in Part II of Schedule VI pertaining to percentage and value of Imported Raw Materials, Spare Parts and components has not been provided as this information is confidential and market sensitive.

7. Segment Reporting:

Based on the guiding principles given in Accounting Standard on Segment Reporting (AS-17) issued by the Institute of Chartered Accountants of India the Company's primary business segment is Instant Coffee.

Segment accounting policies:

In addition to the significant accounting policies applicable to the business segment as set out in Note 1- Schedule 14 of the Notes to the Accounts, the accounting policies in relation to segment accounting are as under:

a. Segment revenue and expenses:

Segment revenue and expense are directly attributable to the segment. Segment revenue and expense do not include interest income on inter-corporate deposits, profit on sale of investments, interest expense, provision for contingencies and income tax.

b. Segment assets and liabilities:

All segment assets and liabilities are directly attributable to the segment.

Segment assets include all operating assets used by the segment and consist principally of fixed assets, inventories, sundry debtors, loans and advances and operating cash and bank balances. Segment assets and liabilities do not include investments, inter corporate deposits, reserves and surplus, borrowings, provision for contingencies and income tax (both current and deferred)

8 Reporting on related parties : In accordance with the Accounting standard 18, Name of related Parties and description of relationship is as under:

1 Key Management Personnel Mr. Challa Rajendra Prasad, Chairman & Managing Director

Mr. Challa Srishant, Executive Director

2 Relative of Key Management Personnel Mrs. Challa Shantha Prasad - (Spouse of Mr. Challa Rajendra Prasad C.M.D.)

Ms. Challa Soumya - (Daughter of Mr. Challa Rajendra Prasad C.M.D.)

3 Subsidiaries M/s. Jayanti Re Ltd., Singapore (Subsidiary of CCL Products (India) Limited - India)

M/s. Grandsaugreen SA, Switzerland (Subsidiary of Jayanti Pte. Ltd., Singapore)

M/s. Ngon Coffee Company, Vietnam (Subsidiary of Jayanti Pte. Ltd., Singapore)

Note:

1. Figures in brackets indicate corresponding previous year figures.

2. During the year the Company has made disinvestment of shares in M/s.Associated Coffee Merchants (International) Limited - UK. Hence, transactions upto the date of disinvestment is disclosed.

9 Previous Year's figures are regrouped/rearranged/recasted wherever considered necessary to conform the current year figures

 
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