Mar 31, 2014
1. CONTINGENT LIABILITES
As on As on As on
31.03.2014 31.03 2013 31.03.2012
1 contingent liabilites not 60000 60000 60000
provided far Bank Guartmiee
in Favour of Sales Tax
Authorities
2 Sales Tax Demand tn Appeal
3 Amount Deposited with High Court 25000 55000 55000
2 The company does not have my rofornutiar. scprJing 'Joe xutuv of
sopplicn under the micro, Development Act,2006 Bid hence ilnxlosurc*.
if nnv, relating to arncml unpaid m. the end tf the year together with
interest paid payables as required under the said Act have not been
provided
3. There a no micro, small
4. Previous years figures has beet regrouped rearranged wherever
considered necessary
5 In die opinion of the Board of duecton, Board of Directors, the
Current Assets. Loans and advances have a value of realisation at least
equal to the amount at which they are auied in the Balance Sheet and
provisions Cor all known liabilities has been made
6. During the current financial year the Company has not inv ested any
project
7 The company has not meuired any expend; mrc rr. foreign currency
dining the year
8. Dimpg the current financial year no share has been issued by the
company whethe- equity or prefrence
9. During the financial year the company had an authorised share
capital of Rs five acres forty Lacs divided into 54 lacs equity shares
of Rs 10/« each worth Five crores Forty* Lacs
10. During the current financial year no conversion has been made from
prefrotcc share to Equity Share raid no any fresh issue has been made
11 DEGERRED TAX
No provision for Deferred tax is creaied m the books as per AS-22. m
view of the fact that it a not virtually certain that sufficient
taxable income will be available oguimt which deferred tax asset can be
realised
12. SEGMENT INFORMATION
The company is engaged m business m indi.i only . which m the context
of Accounting Standard 17 of die Segment Reporting issued by the 1CAL
is considered u only geographical segment
Mar 31, 2013
1 The company does mol have any information regarding (he status. of
suppliers under the micro, Development Act 2006 and hence disclosures,
if any. relating to amount unpaid at the end of the yet ocher with
instructs paid'' enable as required under the Mid Act above not been
provided
2. There is micro small & medium enterprises to whom the company owes
dues which are outstanding for more than 45 days as at 31st December
2011 This information as required to be disclosed under the micro small
and medium enterprise Development Act 2006 has been date maimed to the
extent such parties leave been indentified on the basis of information
available with the company.
3. Previous. jeer, logiest hat been regrouped rearranged whether
considered necessary
4. Doming the current financial year the Company has not invested any
project
5. The company hat not incurred any expenditure n foreign currency
dung the year
6. During the caret financial year no share has been issued by the
company whether equity or presence
7. During the financial year the company had an authorized share
capital of Rs. five crores forty lacs divided in to 54 lacs equity
share of Rs.10/- each wroth five cores forty lacs.
8. During the current financial year no conversation has been made from
preference share to Equity share and no any fresh issued has been made.
9. DEFERRED TAX
No provision for Deferred tax is created in the books as per AS-22. in
via* of the fact that it not virtually clam that sufficient
taxable income be available against which deferred tax asset cm be
realized
10. CONTINGENT LIABILITES
As on As on As on
31.03.2013 31.03.2012 31.03.2011
1. Contingent liability 60000 60000 60000
but provided for bank
Guarantee in favor of
sales tax authorities
2. Sales Tax Demand in Appeal
3. Amount Deposited with 55000 55000 55000
high court
Mar 31, 2012
1.1 OVERVIEW
Tobu Enterprises Limited was incorporated in 1967 and commenced its
operations as a Manufacturing of Tobu Tri- Cycles from F/Year1967-68 in
combination with Steel and Plastic.
Mar 31, 2011
I. Claims against the company not acknowledged as debts amounting to
Rs. 47,520/- (Previous Year Rs. 47,520/-)
ii. Bank balance of Bank of Madura amounting to Rs. 1,10,628/- has
been written off during the
iii. Labour cases are pending against the company in the courts. The
total approx liability against the company is to the tune of
Rs.48,43,000/-
iv. The company has borrowed a sum of Rs. 175 lacs on interest payable @
16% on quarterly rests. Due to a dispute no interest has been provided
on this loan amounting to Rs.1,39,58,831/- for the year ended
31.03.2011. In addition to this total interest of Rs 6,46,79,136/-
pertaining to year 31.03.2001 to 31.03.2010 have not been provided for.
Hence loss during the year is understated by Rs.1,39,58,831/-.
v. The company has written off certain doubt full debts, loans and
advances and written back sundry creditors during the year amounting to
Rs.6,82,061/- (NET). We are unable to comment on this write off.
vi. Figures for the previous year have been regrouped/rearranged
wherever considered necessary.
vii. The company has incurred huge financial losses. In the opinion of
the Directors, there is no chance of its revival. The company had
disposed off substantial part of its fixed assets during the year,
which was affected the status of the company as a going concern.
However, the company is not planning to acquire any fixed assets to
maintain its status as a going concern.
viii. Break- up of employees who are in receipt of remuneration
amounting in aggregate to Rs. 24,00,000/- or more, if employed for full
year and Rs. 2,00,000/- p.m., if employed for a part of the year Rs.NIL
(Previous Year Rs.NIL).
ix. One of the Directors Mr.Hitender Dhaka has absconded with all the
Fixed Assets of the company i.e. Machines, Dies & Moulds etc. The
Company has filed a Criminal as well as a Civil Case against the above
said Director in the Delhi Court.
Mar 31, 2010
I) Contingent liabilities
Contingent liabilities are not provided for in the accounts and are
shown separately in notes.
ii. Claims against the company not acknowledged as debts amounting to
Rs.47.520/-(Previous year Rs.47.520)
iii) The company has borrowed a sum of Rs.175 lacs on interest
payable @ 16% on quarterly rests, due to a dispute no interest has been
provided on this loan amounting to Rs.1,19,32,063/- for the year ended
31.03.2008. Further interest of Rs.25.24.487 in the pertaining to the
year ended 31.03.2001 Rs,34.01.331/- Pertaining to year ended 31.0.2002
and Rs.39.79.076/- pertaining to year ended 31.03.2003 and
Rs.46,54,955/- pertaining to the year ended 31.03.2004 and
Rs.54.45.640/- pertaining to the year ended 31.03.2005 and Rs,
63,70,628 pertaining to the year ended 31.03.2006 and Rs74.5.733/-
pertaining to the year ended 31.03.2007 and Rs,87,18,644/- pertaining
to the year ended 31.03.2008 and Rs.1,01,99,579/- pertaining to the
year ended 31.03.2009 were also not provided for. Hence loss during he
year is understated by Rs.1.19,32,063/-
iv) No provisions has been made in the accounts for doubt full debts,
loans and advances amounting to Rs.24,79,683/- (Previous Year
Rs.24,79,683) Out of the above legal cases for Rs.10,82,904/-(Previous
Year Rs,10,82,904/-)m field by the company are pending Income Tax
Matters under appeal.
v. Figures for the previous year have been regrouped rearranged
wherever considered necessary.