అకౌంట్స్ గమనికలుNorthern Projects Ltd.

Mar 31, 2014

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.

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Mar 31, 2011

A) Contingent Liabilities in respect of Income Tax matter under appeal for Assessment Years 2002-03, 2003-04, 2005-06 and 2006-07 * 2,20,69,194/- (Previous Year X 2,20,69,194/-)

b) No provision for fall in market value of investments has been made in the accounts being temporary in

c) As the company's activities falls within a single primary business segment viz. Tea export so disclosure requirement or Accounting Standard 17 "Segment Reporting" has not been given.

d) Figures for the Previous year have been regrouped and/or recasted wherever necessary and have been indicated in bracket.

e) Gratuity and other Long Term employee benefits are not applicable to the company. However, Gratuity for one employee has been provided at estimated basis.

f) The Company has no amounts due to suppliers under the Micro, Small & Medium Enterprises as defined under the Micro, Small & Medium Enterprise Development Act, 2006 (MSMED) as at 31.03.2011. Hence, no additional disclosure have been made. The information regarding Micro, Small and Medium Enterprise has been determined to the extent such parties have been identified on the basis of information available with the company.

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Mar 31, 2010

31.03.2010 31.03.2009

a) Contingent Liabilities not provided in respect of : Income Tax matter under appeal for Assessment Years 2002-03, 2003-04, 2005-06, 2006-07 22,069,194 83,650,440

b) No provision for fall in market value of Investments has been made in the accounts being temporary in nature.

c) As the company's activities also within a single primary business segment viz. Too export so disclosure requirement or Accounting Standard 17 segment Reporting has not been given.

d) Figures for the previous year have been regrouped and/or recasted wherever necessary and have been indicated in bracket.

e) Gratuity and other Long Term Employee benefits are not applicable to the company. However, Gratuity for one employee has been provided at estimated basis.

f) The company has no amounts due to suppliers under the Micro, Small & Medium Enterprises as defined under the Micro, Small & Medium Enterprise Development Act, 2008 (MSMED) as at 31.03.2010. 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 idenfied on the basis of information available with the company.