Notes to Accounts of TSL Industries Ltd.

Mar 31, 2014

A. Balance on sundry Creditors and Loans are subject to confirmation and reconciliation from respective parties.

b. In the opinion of the Board of Director of the Company aggregate value of current Assets, Loans 8s Advances on realization in the ordinary course of business will not be less than the amount at which these stated in the Balance Sheet.

c. Previous year figures have been regrouped / reclassified wherever necessary.

d. Amounts are rounded off to the nearest rupee.

e. Earning in Foreign Exchange Nil

f. Remittance in Foreign Exchange Nil

g. Directors Remuneration Current Yr. Previous Yr. Nil

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Mar 31, 2012

1) Pursuant to the Notification No.447 (E) dated February 28,2011 and Notification No.653 (E) dated March 30, 2011, issued by the Ministry of Corporate Affairs, the Company has prepared its financial statements for the year ended March 31, 2012 as per revised schedules VI to the Companies Act, 1956. Accordingly, the previous year's figures have been regrouped / reclassified, wherever required to align the financial statements

a. Balance on sundry Creditors and Loans are subject to confirmation and reconciliation from respective parties.

b. In the opinion of the Board of Director of the Company aggregate value of current Assets, Loans & Advances on realization in the ordinary course of business will not be less than the amount at which these stated in the Balance Sheet.

c. Previous year figures have been regrouped / reclassified wherever necessary.

d. Amounts are rounded off to the nearest rupee.

e. Earning in Foreign Exchange Nil

f. Remittance in Foreign Exchange Nil

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Mar 31, 2010

1. In the Opinion of the Board of Directors, Current Assets, Loans and Advances have valued on realization not less than which they have stated in the Balance Sheet and provisions for all known liabilities have been made. Balance of advances are subject to confirmation from the respective parties.

2. Claim lodged against the company not acknowledged as debt - Nil (Pr. Yr - Not applicable)

3. The institute of Chartered Accountants of India has made Accounting Standard - Impairment of Assets - AS 281 mandatory for the Accounting Period commencing for 1st April 2004 and the company has carried out comprehensive exercise to assess the impairment loss of assets. Based on such exercise, there is no impairment of assets. Accordingly, no adjustment in respect of loss on impairment of assets is required to be made in the Accounts.

4. Contingent Liabilities Not acknowledged as debts: Nil.

5. Schedule 1 to 9 integral to and part of the accounts as at 31st March 2010.

6. Previous Years figures have been re-grouped / re-arranged wherever necessary.

7. The company is classified as Level II enterprise in terms of classification prescribed by ICAI for applicability of Accounting Standard. No disclosure have been made in respect of such Accounting Standard which are not applicable.

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Mar 31, 2009

1. In the Opinion of the Board of Directors, Current Assets, Loans and Advances have valued on realization not less than which they have stated in the Balance Sheet and provisions for all known liabilities have been made. Balance of advances are subject to confirmation from the respective parties.

2. Claim lodged against the company not acknowledged as debt - Nil (Pr. Yr - Not applicable)

3. The institute of Chartered Accountants of India has made Accounting Standard - Impairment of Assets - AS 281 mandatory for the Accounting Period commencing for 1st April 2004 ad the company has carried out comprehensive exercise to assess the impairment loss of assets. Based on such exercise, there is no impairment of assets. Accordingly, no adjustment in respect of loss on impairment of assets is required to be made in the Accounts.

4. Contingent Liabilities Not acknowledged as debts Nil.

5. Schedule 1 to 9 integral to and part of the accounts as at 31st March 2009.

6. Previous Years figures have been re-grouped / re-arranged wherever necessary.

7. The company is classified as Level II enterprise in terms of classification prescribed by ICAI for applicability of Accounting Standard. No disclosure have been made in respect of such Accounting Standard which are not applicable.