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Directors Report of Justride Enterprises Ltd.

Mar 31, 2014

Dear Members,

Your Directors feel pleasure in presenting the Annual Report of your Company together with the audited Statement of Accounts for the financial year ended on March31,2014

Financial Results

As on March 31, As on March 31, ITEM 2014(in Rs.) 2013(in Rs.)

Sales & other Income

Gross Profit/Loss (1.536,233.66) (1,123,740 84)

Depreciation NIL NIL

Income tax paid for earlier year

Profit/Loss brought forward (1,536,233.66) (1.123,740.84)

Transferred to General Reserve - -

Profit / Loss available for - - appropriation

Balance carried to Balance Sheet (1,536,233.66) (1,186,478.84)

Current Operations & Future Outlook

Due to liquidity crunch and continuous losses, the Company has not been able to carry on any business activity during the year and the cash losses have been incurred due to routine expenses incurred under review. However, the management of the Company is in the process of reviewing and preparing necessary business plans Svarious strategies for initiating its operations in the field of trading in tricyclesand plastic items

Dividend

There being no profits, the directors regret their inability to recommend any dividend for the Financial Year beginning on April 1 2013 and ending on March 31, 2014

Directors

Mr Hemant Rastogi Chairman, Non-Executive & Non- Independent Director of the Company is proposed to be appointed as Whole Time Director of Company in compliance with the terms ofSection 196, 197 and 203 read with Schedule V and the Companies (Appointment and Remuneration of Managerial Personnel) Rules. 2014 and all other applicable provisions of the Companies Act, 2013 (including any statutory modification(s) or re-enactment thereof, for the time being in force).

The Board of Directors has proposed to constitute a vigilance mechanism for Directors and Employees to provide adequate path to have direct access to the chairperson of Audit Committee for the better corporate governance

The Board of Directors proposed to change the nomenclature of "Share Transfer and Investor Grievance Committee" to "Stakeholders Relationship Committee" w e f the date of Board Meeting held on September 03 2014

Directors Responsibility Statement

1 The annual accounts for the financial year ended March 31, 2014 were prepared as per the applicable Accounting Standards along with proper explanations relating to material departures,

2 The Directors have selected such accounting policies & applied them consistently & made judgments & estimates that are reasonable & prudent so as to give a true & fair view of the state of affairsand losses of the Company at the end of the financial year,

3. The Directors have taken proper & sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing & detecting fraud & other irregularities;

4. The Directors have prepared the annual accounts of the Company for the Financial Year ended March 3151 2014 on a going concern basis.

Deposits

Your Company has not accepted any deposits during the period under review within the meaning of Section 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposit) Rules. 2014

Particulars of Employees

During the year, there was no employee covered under Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975.

Status of Listing

The Company's shares are listed at BSE Limited, Delhi Stock Exchange Limited and Calcutta Stock Exchange Limited

Auditors

The Statutory Auditors of the Company, M/s BNPSY & Associates. Chartered Accountants who are been retiring at the ensuing Annual General Meeting have expressed their willingness to continue as Auditors of the Company,

A consent letter has been received from M/s. BNPSY & Associates, Chartered Accountants, for its reappointment as statutory auditors of the company for the financial year 2013-2014 A written certificate to the effect that the reappointment, if made, will be in accordance with the limits specified in Section 141 and the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re- enactment thereof, for the time being in force), has also been obtained by the company from the statutory auditors

Your directors recommend the appointment of M/s BNPSY & Associates, Chartered Accountants as Statutory Auditors of the Company till the conclusion of next Annual General Meeting for audit of Accounts for the financial year 2014-15

Book Closure

The transfer books of the company will be closed from September 26,2014 to September 30, 2014 both days inclusive for purpose of Annual General Meeting dated September 30lh, 2014.

Management Discussion and Analysis Report

A report on industry analysis is attached hereto and forms part of the Directors Report.

Corporate Governance

A separate section on Corporate Governance is attached hereto and forms part of this report Material Changes

During the year under review, the name of the Companyhas been changed from 'Tobu Enterprises Limited' to 'Justride Enterprises Limited'i.e. w.e.f. September 10, 2013.

Internal Control

The Company has adequate internal control procedures commensurate with the size and nature of business The Board of Directors periodically reviews the audit plans, internal audit reports, adequacy of internal controls and risk management.

Particulars of Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo as per Section 134(3)(m) of Companies Act, 2013 along with Rule 8 of Companies (Accounts) Rules, 2014 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988.

Conservation of Energy

Presently there being no operations involving energy consumption, thus the provisions with respect to conservation of energy does not apply.

Form of Disclosure of Particulars with respect to Absorption of Technology, Research & Development.

Research & Development

1 Specific areas in which R & D carried out by the company-There was no research and development activity carried out during the financial year

2 Benefits derived as a result of the above R&D- No benefits were derived, as no R&D was undertaken

3. Future plan of action -The Management of the Company is making necessary roadmap for starting new business operations i.e. for undertaking projects in the field of rail infra

4 Expenditure on R & D -No R&D activity was undertaken during the last financial year.

Technology Absorption, Adaptation and Innovation

No technology was absorbed, adapted or innovated during the financial year.

1 Efforts, in brief, made towards technology absorption, adaptation and innovation-No technology was absorbed, adapted or innovated during the last financial year

2 Benefits derived as a result of the above efforts, e.g., product improvement, cost reduction, product development, import substitution, etc- Not applicable, as no such initiatives in this behalf were undertaken.

3 Import of Technology- No technology has been imported during the last financial year.

Foreign Exchange-Earning /Outgo

There is no transaction made by the company involving Foreign Exchange

Acknowledgement

Your Directors would like to express their grateful appreciation for the assistance, cooperation and trust reposed in your Company by the investors, Banks, Securities and Exchange Board of India, Reserve Bank of India, Stock Exchanges and other Government Authorities during the financial year under review Your Directors wish to place on record their deep sense of appreciation for its clients and for the devoted services of the young team of professionals of the Company for its success.

Your Directors also wish to place on record their sincere appreciation of the contribution made by the employees of the Company and are thankful to the shareholders for their continued patronage and support.

By order of the Board of Directors For Justride Enterprises Limited

Sd/- Hemant Rastogi Chairman DIN-00479470

Date September 03, 2014 Place New Delhi


Mar 31, 2013

To The Members

The Directors feel pleasure in presenting the Annual Report of your Company together with the audited Statement of Accounts for the financial year ended on 31st March, 2013.

Financial Results

ITEM As on 31st March As on 31st March 2013 (in Rs.) 2012 (in Rs.)

Sales & other Income - 286,559.00

Gross Profit/Loss (1,186,478.84) (422,134.00)

Depreciation NIL NIL

Income tax paid for earlier year - -

Profit /Loss brought forward (71,643,745.93) ( 71,221,611.93)

Transferred to General Reserve - -

Profit / Loss available for appropriation

Balance carried to Balance Sheet (72,830,224 77) (71,643,745.93)

Current Operations & Future Outlook

Due to liquidity crunch and continuous losses, the Company has not been able to carry on any business activity during the year and the cash losses have been incurred due to routine expenses incurred under review. However, the management of the Company is in the process of reviewing and preparing necessary business plans & strategies for initiating its operations in the field of trading in tricycles and plastic items.

In this respect, we are pleased to report that on July 23, 2012, we have received the BSE''s in Principe approval for revocation of suspension and to accord the final approval, the Company had submitted all the requisite documents well within time. However, due to change in the bye-laws of the BSE, the Company has recently in June, 201, submitted the additional documents as sought by BSE including Information Memorandum (prepared in compliance with the provisions of Schedule II of the Companies Act, 1956).

Dividend

There being no profits, the directors regret their inability to recommend any dividend for the Financial Year beginning on 1st April 2012 and ending on 31** March 2013.

Directors

The Board of Directors of the Company is duly reconstituted and Mr. Harish Agarwal and Mr. Tulsi Bansal who were earlier appointed as additional directors, were regularized as Directors during the year ended 31st March, 2013.

Directors Responsibility Statement

1. The annual accounts for the financial year ended 31''st March, 2013 were prepared as per the applicable e Accounting Standards along with proper explanations relating to material departures;

2. The Directors have selected such accounting policies & applied them consistently & made judgments & estimates that are reasonable & prudent so as to give a true & fair view of the state of affairs and losses of the Company at the end of the financial year;

3. The Directors have taken proper & sufficient care for the maintenance of adequate accounting records n accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing & detecting fraud & other irregularities;

4 The Directors have prepared the annual accounts of the Company for the Financial Year ended 31st March, 2013 on a going concern basis.

Deposits

Your Company has not accepted any deposits during the period under review within the meaning of Section 58A of the Companies Act, 1956 read with ''Companies (Acceptance of Deposit) Rules 1975''.

Particulars of Employees

During the year, there was no employee covered under Section 217(2A) of the Companies Act, 19E6 read with the Companies (Particulars of Employees) Rules, 1975.

Status of Listing

The Company''s shares are listed at BSE Limited, Delhi Stock Exchange Limited and Calcutta Stock Exchange Limited.

Auditors

The Statutory Auditors of the Company, M/s BNPSY & Associates, Chartered Accountants, who are been retiring at the ensuing Annual General Meeting have expressed their willingness to continue as Auditors of the Company.

A consent letter has been received from M/s BNPSY & Associates, Chartered Accountants, for its reappointment as statutory auditors of the company for the financial year 2013-2014. A written certificate, to the effect that the reappointment, if made, will be in accordance with the limits specified in sub-section (1B) of Section 224, has also been obtained by the company from the statutory auditors

Your directors recommend the appointment of M/s BNPSY & Associates, Chartered Accountants ;as Statutory Auditors of the Company till the conclusion of next Annual General Meeting for audit of Accounts for the financial year 2013-14.

Book Closure

The transfer books of the company will be closed from September 26, 2013 to September 30, 2013 both days inclusive for purpose of Annual General Meeting dated September 30, 2013.

Management Discussion And Analysis Report

A report on industry analysis is attached hereto and forms part of the Directors Report.

Corporate Governance

A separate section on Corporate Governance is attached hereto and forms part of this report.

Material Changes

There has been no material changes occurred during the last financial year.

Qualification

Auditors Report of the Company contains Qualifications/reservation/adverse remark by the Auditors. The management''s reply to the adverse remarks is annexed at Annexure-I.

Internal Control

The Company has adequate internal control procedures commensurate with the size and nature of business. The Board of Directors periodically reviews the audit plans, internal audit reports, adequacy of internal controls and risk management.

Particulars of Conservation of Energy. Technology Absorption and Foreign Exchange Earnincis and Outgo as per Section 217(1)(e) of Companies Act. 1956 read with Companies (Disclosure at Particulars in the Report of Board of Directors) Rules. 1988

Conservation of Energy

Presently there being no operations involving energy consumption, thus the provisions with respect to conservation of energy does not apply.

Form of Disclosure of Particulars with respect to Absorption of Technology. Research & Development.

Research & Development

There was no Research and development activity carried out during the financial year

1 Specific areas in which R & D carried out by the company- There was no research and development activity carried out during the financial year.

2. Benefits derived as a result of the above R&D- No benefits were derived, as no R&D was undertaken

3. Future plan of action - The Management of the Company is making necessary roadmap for starting new business operations i.e. for undertaking projects in the field of rail infra.

4. Expenditure on R & D - No R&D activity was undertaken during the last financial year.

Technology Absorption, Adaptation and Innovation

No technology was absorbed, adapted or innovated during the financial year.

1. Efforts, in brief, made towards technology absorption, adaptation and innovation- No technology was absorbed, adapted or innovated during the last financial year.

2. Benefits derived as a result of the above efforts, e.g., product improvement, cost reduction, product development, import substitution, etc- Not applicable, as no such initiatives in this behalf were undertaken.

3. Import of Technology- No technology has been imported during the last financial year.

Acknowledgement

Your Directors would like to express their grateful appreciation for the assistance, co operation and Trist reposed in your Company by the investors, Banks, Securities and Exchange Board of India, Reserve Bank of India, Stock Exchanges and other Government Authorities during the financial year under review. Your Directors wish to place on record their deep sense of appreciation for its clients and for the devote services of the young team of professionals of the Company for its success.

Your Directors also wish to place on record their sincere appreciation of the contribution made by the employees of the Company and are thankful to the shareholders for their continued patronage and support.

By order of the Board of Directoifs

For Tobu Enterprises Limited

Sd/-

Hemant Rastogi

Chairman

DIN-00479470

Date: September 2, 2013

Place: New Delhi


Mar 31, 2011

To The Members of TOBU ENTERPRISES LIMITED

The Director take pleasure in presenting the Forty Fifth Annual Report together with Audited Statements of Accounts tor the year ended 31st March 2011

Amount in (Rs)

FINANCIAL RESULTS Current Year Previous Year

Turnover /other income 682,062 92,635

Gross Profit/loss (162,712) (1274769)

Depreciation 0.00 0.00

Income tax paid for earlier year Profit/(Loss) brought toward (71,058.397) (70,784,128)

Transferred from General reserve - -

Profit/Loss available for appropriation - -

APPROPRIATIONS

Balance Carried to Balance Sheet (71,221.609) (71058897)

CORPORATE OVERVIEW:

With the growing competition and aggressive pricing policies, the Company with a not so good liquidity position has not been able to maintain its performance.

During the year under review the turnover of your Company increased to Rs.589,427. The losses for the company has decreased to Rs.112057.

(iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

(iv) That the Directors have prepared the Annual Accounts on a going concern basis.

Particulars of Employees and Disclosure of information

There were no employees drawing remuneration more than the limit prescribed under Section 217(2A) of the companies Act, 1956 read with the companies (Particulars of Employees) Rules. 1975

Status of Listing

The Company's shares are listed at The Delhi Stock Exchange Ltd; The Stock Exchange, Mumbai.

Auditor

Members are requested to re-appoint M/s Padam Bahl & Co. Chartered Accountants, as Auditors of the Company for the current year and to fix their remuneration

Auditors Report of the company contain the qualifications given by the Auditor

The Company has adequate internal control procedures commensurate with its size and nature business The Board of Directors periodically reviews the audit plans, internal audit reports adequacy of internal controls and risks management

Harmonious Industrial climate and inter personal relationship continue to prevail and will further strengthen the well established traditions and commitments to the future growth of the employees.

In view of the nature of activities which are being carried out the Company, Rules (a) & (b) Companies (disclosure of particulars in report of Board of Directors) Rules. 1988 concerning conservation and technology absorption respectively are not applicable to the Company.

Acknowledgement

Your Directors would like to express their grateful appreciation for the assistance, cooperation and trust reposed in your Company by the investors, Banks, Securities and Exchange Board of India, Reserve Bank of India, Stock Exchanges and other Government Authorities during the financial year under review. Your Directors wish to place on record their deep sense of appreciation for its clients and for the devoted services of the young team of professionals of the company for its success.

Your Directors also wish to place on record their sincere appreciation of the contribution made by the employees of the Company and are thankful to the shareholders for their continued patronage and support.



FOR AND ON BEHALF OF THE BOARD

TOBU ENTERPRISES LIMITED

For Tobu Enterprise Limited

Director

Ajay Mathur Hemant Rastogi

(Managing Director) (Director)

Place: New Delhi

Date: 29/08/2011


Mar 31, 2010

To The Members of TOBU ENTERPRISES LIMITED

The Directors take pleasure in presenting the Forty Fourth Annual Report together with Audited statements of Accounts for the year ended 31st March 2010

Amount in (Rs,) FINANCIAL RESULTS Current Year Previous Year

Gross Profit (loss) (274769) (155303)

Depreciation 0.00 0.00

Income tax paid for earlier year - -

Profit (Loss) brought forward (70784128) (70628825)

Transferred from General Reserve - -

Profit/ Loss available for appropriation - -

APPROPRIATIONS

Balance Carried to Balance Sheet (71058897) (70784128)

Corporate Overview:

With the growing competition and aggressive pricing policies the company with a not so good liquidity position has not been able maintain its performance.

During the year under review the turnover of your company increased to Rs.92635 The losses for the company has increased to Rs.119466

Outlook for Exports

The company is in the process of exploring New markets overseas and hope to Achieve new export horizons.

Review of Operations and Future outlook

The company has made a loss during the year.

Dividend

Keeping in view the financial performance your Directors do not recommend any dividend at this stage for the year ended 31st March 2010

Public Deposits

The Company has not accepted deposited pursuant to section 58A of the companies Act, 1956

Director

In accordance with the Articles of Association of the company Mr. Hemant Rastogi Director of the company retire by rotation and being eligible, offer himself for re-appointment.

Management Discussion and Analysis

In this Annual Report we have attached Management's Discussion and Analysis section that highlights the company industry and Markey overview, opportunities threats, a segment wise performance outlook risk and concern, adequacy of internal control systems financial and operational performance as well as issues of human resource and development.

Corporate Governance

Reports on Corporate governance in accordance with clause 49 of the listing Agreement with stock Exchanges along certificates from Auditors are given separately in this Annual Report.

Director Responsibility Statement

Your Director Confirm

(i) That in the preparation of the Annual Accounts the applicable accounting standards have been followed;

(ii) That the Director have selected such accounting policies and applied them consistently and made judgments and estimates that are Reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year ended 31st March 2009, and of the Profit of the company for that year.

iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities and

iv) That the Director have prepared the Annual Accounts on a going concern basis

Particulars of Employees and Disclosure information

There were no employees drawing remuneration more than the limit prescribed under section 217(2A) of the companies Act, 1956 read with the companies (Particulars of Employees) Rules 1975

Status do Listing

The Company's shares are listed at the Delhi Stock Exchange Ltd. The Stock Exchange Mumbai.

Auditors

Members are requested to re-appointment M/s Padam Bahl & CO,. Chartered Accounts as auditors the company for the current year and to fix their remuneration.

Auditors Report

Auditors Report of the company contain the qualifications given by the auditor.

Risk and Internal Adequacy

The company has adequate internal control procedures commensurate with its size and nature business. The board of Directors periodically reviews the audit plans, internal audit repots adequacy of internal controls and risk management.

Industrial Relations

Harmonious Industrial climate and inter personal relation continue to prevail and will further strengthen well established traditions and commitments to the future growth of the employees.

Conservation of Energy Technology Absorption and Foreign Exchange Earnings and outgo.

In view of the nature of activities which are being carried out the company Rules (a) & (b) of companies (disclosure of particulars in report of Board of Directors) Rules 1988 concern conservation and technology receptivity are not applicable to the company.

Acknowledgement

Your Directors would like to express their grateful appreciation for te assistance cooperation and trust deposed in your company by the investors Banks Securities and Exchange Board of India, Reserve Bank of India , stock Exchanges and other Government Authorities during the financial year under review Your Director wish to place on record their deep sense of appreciation for its clients and for the devoted services of the young team of professionals of the company for its success.

Your Directors also wish to place on record their sincere appreciation of the contributions made by the employees of the company and are thankful to the shareholders for their continued patronage and support.

FOR AND ON BEHALF OF THE BOARD

TOBU ENTERPRISES LIMITED

Ajay Mathur Hemant Rastogi (Managing Director) ( Director)

Place; New Delhi

Date:30/08/2010

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