Notes to Accounts of Tamboli Industries Ltd.

Mar 31, 2018

Note No. 1

In the opinion of the Directors, the current assets, loans and advances are approximately of the value as stated in the balance sheet, if realized in the ordinary course of the business. The provision of all known liabilities is adequate and not in excess of the amount reasonably required.

Note No. 2

Deferred tax Asset of Rs. 1,100 credited to the profit & loss statement is on account of timing difference related to deprecation charged in the accounts and as claimed under the Income Tax Act.

Note No. 3

As the company''s business activity, in the opinion of the management, falls within a single primary segment subject to the same risks and returns, the disclosure requirements of Accounting Standard AS-17 "Segment Reporting" are not applicable.

Note No. 4

Proposed Dividend:

The Board of Directors at its meeting held on May 15, 2018 has recommended a dividend of Rs.0.70 per equity share (aggregating to Rs.6,944,000) for the year ended March 31, 2018 (March 31, 2017: Rs.0.70 per equity share, aggregating to Rs.6,944,000). The declaration and payment of dividend is subject to the approval of the shareholders in the Annual General Meeting.

Note No. 5

As none of the vendors are registered under Micro, Small and Medium Enterprises Development Act, 2006, disclosure relating to amounts unpaid as at the year end together with interests paid/payable under this act is not applicable.

Note No. 6

Earning and Expenditure in Foreign Currencies: Nil (Nil)

Note No. 7

a) Figures of the previous year have been regrouped and rearranged wherever necessary.

b) All the amounts are stated in India Rupees, unless otherwise stated.

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Mar 31, 2017

Note No.1

In the opinion of the Directors, the current assets, loans and advances are approximately of the value as stated in the balance sheet, if realized in the ordinary course of the business. The provision of all known liabilities is adequate and not in excess of the amount reasonably required.

Note No. 2

Deferred tax Asset of '' 1,100 credited to the profit & loss statement is on account of timing difference related to deprecation charged in the accounts and as claimed under the Income Tax Act.

Note No. 3

As the company''s business activity, in the opinion of the management, falls within a single primary segment subject to the same risks and returns, the disclosure requirements of Accounting Standard AS-17 "Segment Reporting" are not applicable.

Note No. 4

Proposed Dividend

The Board of Directors at its meeting held on May 18, 2017 has recommended a dividend of Rs. 0.70 per equity share for the year ended March 31, 2017 (March 31, 2016: Rs. 0.60 per equity share). The declaration and payment of dividend is subject to the approval of the shareholders in the Annual General Meeting.

Proposed Dividend: Rs. 6,944,000

According to the revised AS 4 - ''Contingencies and events occurring after the balance sheet date'' as notified by the Ministry of Corporate Affairs through amendments to Companies (Accounting Standards) Amendment Rules, 2016, the Company not accounted for proposed dividend (including tax) as a liability for the year ended March 31, 2017.

Note No. 5

As none of the vendors are registered under Micro, Small and Medium Enterprises Development Act, 2006, disclosure relating to amounts unpaid as at the yearend together with interests paid/payable under this act is not applicable.

Note No. 6

Earning and Expenditure in Foreign Currencies: Nil(Nil)

Note No. 7

8. Figures of the previous year have been regrouped and rearranged wherever necessary.

9. All the amounts are stated in India Rupees, unless

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Mar 31, 2016

Note No. 1

As the company''s business activity, in the opinion of the management, falls within a single primary segment subject to the same risks and returns, the disclosure requirements of Accounting Standard AS-17 "Segment Reporting" are not applicable.

Note No. 2

In the opinion of the Directors, the current assets, loans and advances are approximately of the value as stated in the balance sheet, if realized in the ordinary course of the business. The provision of all known liabilities is adequate and not in excess of the amount reasonably required.

Note No. 3

Deferred tax Asset of Rs. 450 credited to the profit & loss statement is on account of timing difference related to deprecation charged in the accounts and as claimed under the Income Tax Act.

Note No. 4

As none of vendors registered under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at the yearend together with interests paid/payable under this act is not applicable.

Note No. 5

Earning and Expenditure in Foreign Currencies: Nil(Nil)

Note No. 6

a) Figures of the previous year have been regrouped and rearranged wherever necessary.

b) All the amounts are stated in India Rupees, unless otherwise stated.

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Mar 31, 2015

Note No. 1

In the opinion of the Directors, the current assets, loans and advances are approximately of the value as stated in the balance sheet, if realised in the ordinary course of the business. The provision of all known liabilities is adequate and not in excess of the amount reasonably required.

Note No. 2

Deferred tax Asset of Rs. 250 charged to the profit & loss statement is on account of timing difference related to deprecation charged in the accounts and as claimed under the Income Tax Act.

Note No. 3

As the company's business activity, in the opinion of the management, falls within a single primary segment subject to the same risks and returns, the disclosure requirements of Accounting Standard AS-17 "Segment Reporting" are not applicable.

Note No. 4

The Company has not received information from its vendors regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at the year end together with interests paid/payable under this act have not been given.

Note No. 5

Earning and Expenditure in Foreign Currencies: Nil(Nil)

Note No. 6

a) Figures of the previous year have been regrouped and rearranged wherever necessary.

b) All the amounts are stated in India Rupees, unless otherwise stated..

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Mar 31, 2014

Note No. 1

In the opinion of the Directors, the current assets, loans and advances are approximately of the value as stated in the balance sheet, if realised in the ordinary course of the business. The provision of all known liabilities is adequate and not in excess of the amount reasonably required.

Note No. 2

Deferred tax liability of Rs. 1,300 charged to the profit & loss statement is on account of timing difference related to deprecation charged in the accounts and as claimed under the Income Tax Act.

Note No. 3

As the company''s business activity, in the opinion of the management, falls within a single primary segment subject to the same risks and returns, the disclosure requirements of Accounting Standard AS-17 "Segment Reporting" are not applicable.

Note No. 4

Figures of the previous year have been regrouped and rearranged wherever necessary.

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Mar 31, 2013

Note No. 1

In the opinion of the Directors, the current assets, loans and advances are approximately of the value as stated in the balance sheet, if realised in the ordinary course of the business. The provision of all known liabilities is adequate and not in excess of the amount reasonably required.

Note No. 2

Deferred tax liability of Rs. 3,200 charged to the profit & loss statement is on account of timing difference related to deprecation charged in the accounts and as claimed under the Income Tax Act.

Note No. 3

As the company''s business activity, in the opinion of the management, falls within a single primary segment subject to the same risks and returns, the disclosure requirements of Accounting Standard AS-17 "Segment Reporting" are not applicable.

Note No. 4

Figures of the previous year have been regrouped and rearranged wherever necessary.

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Mar 31, 2012

1.1 Share Capital

a. Equity shares issued as fully paid up bonus shares or otherwise than by cash during the preceding five years: Nil

Note No. 2

In the opinion of the Directors, the current assets, loans and advances are approximately of the value as stated in the balance sheet, if realised in the ordinary course of the business. The provision of all known liabilities is adequate and not in excess of the amount reasonably required.

Note No. 3

As the company's business activity, in the opinion of the management, falls within a single primary segment subject to the same risks and returns, the disclosure requirements of Accounting Standard AS-17 "Segment Reporting" are not applicable.

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Mar 31, 2011

1.0 Advance payment of Taxes is stated net of provision for taxes Rs. 0.53 Lacs including current year's provision Rs, 0.53 Lacs. (previous year Nil)

2.0 Loans to Wholly Owned Subsidiary, Tamboli Castings Ltd, of Rs. 536.00 Lacs is free of interest.

3.0 In the opinion of the Directors, the current assets, loans and Figures in the brackets are the figures for the previous year, unless otherwise stated.

All the amounts are stated in Indian Rupees, unless otherwise stated.

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Mar 31, 2010

Figures in the brackets are the figures for the previous year, unless otherwise stated.

All the amounts are stated in Indian Rupees, unless otherwise stated.

1.0 Advance payment of Taxes is stated net of provision for taxes Rs. 2.50 Lacs including current years provision Nil. In the previous year, provision for taxes are stated net of tax payments.

2.0 Loans to Wholly Owned Subsidiary, Tamboli Castings Ltd, of Rs. 536.00 Lacs is free of interest.

3.0 In the opinion of the Directors, the current assets, loans and advances are approximately of the value as stated in the balance sheet, if realised in the ordinary course of the business. The provision of all known liabilities is adequate and not in excess of the amount reasonably required.

4.0 As the companys business activity, in the opinion of the management, falls within a single primary segment subject to the same risks and returns, the disclosure requirements of Accounting Standard AS–17 "Segment Reporting" issued by the Institute of Chartered Accountants of India are not applicable.

5.0 Related Party Disclosures:

6.0 Figures of the previous year have been regrouped and rearranged wherever necessary.

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Mar 31, 2009

1.0 The Company has not entered into any financial transactions with associates during the financial year under review.

2.0 Since the Company is not engaged in any manufacturing activities during the period, quantitative and other details cannot be given.

3.0 This being the first year of financial statements, figures for the corresponding previous period is not given.