The Company has only one class of Equity Shares having par value of Rs. 10 Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors are subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holder of equity shares will being entitled to receive any of the remaining assets of the company, after distribution of all preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Employee benefits

Provision for retirement benefits to employees was not provided on accrual basis, which is not in conformity with Accounting Standard-15 issued by ICAI and the amount has not been quantified because actuarial valuation report is not available. However, in the opinion of the management the amount involved is negligible and has no material impact on the Profit & Loss Account.

3. Contingent Liability & Capital Commitment:

                                          2014-2015        2013-2014
                                          Amount in Rs.   Amount in Rs.

Contingent Liabilities not provided for** 35,16,460 NIL

Capital Commitment not provided for            NIL             NIL

Others                                         NIL             NIL

**The demand was raised by the jurisdictional assessing officer u/s 147 r.w.s 143(3) of the Income Tax Act, 1961 for income escaping assessment conducted by the Income Tax Authorities for the Assessment Year 2007-08. The management feels that the demand raised is likely to be either deleted or substantially reduced as the company has filed appeal in response to the demand raised by the Assessing officer and accordingly no provision is considered.

4. Related Party Transactions:

List of Related Parties :

a) Key Management personnel :-

i) Tanu Agrawal

b) Relatives of Key Management personnel :-

i) Girraj Kishor Agrawal

ii) Girraj Kishor Agrawal HUF

iii) Saloni Agrawal

c) Related parties (Group Companies) :-

i) Agrawal Bullion Limited (Formerly Kayaguru Health Solutions Limited)

ii) Axon Finance Limited (Formerly Axon Infotech Limited)

iii) Banas Finance Limited

iv) Five X finance & Investment Limited

v) Handful Investrade Pvt Limited

vi) Kayaguru Capital Market Private Limited

vii) Rockon Capital Market Private Limited

viii) Shree Nath Commercial & Finance Limited

ix) Tilak Finance Limited (Formerly Out of City Travel Solutions Limited)

5. As per information available with the Company, none of the creditors has confirmed that they are registered under the Micro, Small and Medium enterprises Development Act, 2006.

6. Trade Receivable, Trade Payable, Short Term Borrowings and Short Term Loans and Advances balances are subject to confirmation and reconciliation.

7. The financial assets of the company constitute more than 50% of the total assets of the company. However, during the year, the company has started a new business of trading in Textiles, the income from which exceeds more than 50% of the gross income of the company. Since, the company does not fulfill one of the criteria prescribed for NBFC in terms of section 45-IA of the RBI Act, 1934, the NBFC provisions are not applicable in the current financial year (as was applicable last year).

8. Majority of the loans given are demand loans, therefore in some cases the terms of repayment and loan agreement are not available. In view of the management all the loans outstanding are considered good and therefore no provision has been made for bad and doubtful assets. Demand and other loans given are governed by the Board policies. Considering the close monitoring of Board no appraisal, renewal, Policies, Procedure, Committee or documents have been prescribed and executed.

9. As the intention is to hold the unquoted securities for sale in short term and in absence of flow of periodic data, absence of liquidity and market related data closing stock of unquoted shares are valued at cost.

10. The company does not have Internal Auditors for conduct of Internal Audit.

11. Segment Information:

The Company has identified business segments as its primary segment. Business segments are primarily "Finance & Securities" and "Textile Trading". Revenue and expenses, assets and liabilities directly attributable to segments are reported under each reportable segment.

12. Previous year's figures have been regrouped, rearranged and reclassified wherever necessary to conform to the current's classification/ presentation.