Ledo Tea Company Limited is a public limited company domiciled in India and incorporated in 1983 under the Provisions of the Companies Act,1956.Its shares are listed with Bombay Stock Exchange Limited of India.

It is engaged in the business of manufacturing of tea and having its tea estate in Tinsukia district of Assam. The estate has a processing factory capable of producing CTC tea with an installed capacity of 1,100 tones.

2. Employee Benefits

As on 31st March 2015 provision amounting to Rs. 40.06 Lacs(P.Y Rs. 29.10 lacs) has not been made in respect of present liabilities for future payment of gratuity to the staff and workers, which will be charged to accounts as and when paid. According to acturial valuation under Revised AS-15, the liability for gratuity obligation to staff and workers as on 31st March, 2015 is Rs. 113.75 Lacs (Previous Year Rs. 102.79 lacs)

3. The Company has charged depreciation based on the revised remaining useful life of the assets as per the requirement of the Schedule II of the Companies Act, 2013 effected from 1st April 2014. The consequential impact on the depreciation

4 Further to 2(p) above, the Company has assessed recoverable value of cash generating unit based on value in use method which has been worked out to be much higher than corresponding book value of net assets thereby not warranting further exercise of arriving at their net selling price. This further confirmed absence of exigency of making any provision against impairment loss.

5. The Company has not received the required information from creditors regarding their status under The Micro, Small and Medium Enterprises Development Act. 2006. Hence disclosure, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been made.

6. Previous year's figures have been re-grouped and/or re-arranged wherever necessary, to confirm the current year classification.