Notes to Accounts of Axon Ventures Ltd.

Mar 31, 2015

1. Share Capital

(a) Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of directors is subject to the approval of the shareholders in ensuing Annual General Meeting. In event of liquidation of the Company,the holders of equity shares would be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The Distribution will be in proportion to the number of equity shares held by the shareholders.

2. Balances of Loans and Advances, Secured Loans, Trade Payables & Others are subject to confirmation and reconciliation.

3. In the opinion of the Board & to the best of their knowledge & belief the value of realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet & the provisions for all the loans & determined liabilities is adequate and not in excess of the amount.

4. Provision for retirement benefits to employees was provided on accrual basis, which is 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 Statement of Profit & Loss.

5. According to a technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of accounting standards-28 issued by the Institute of Chartered Accountants of India.

6. The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the yearend together with interest paid/payable as required under the said Act have not been made.

7. Related Party Transaction:

Related Parties and Nature of Relationship:

Related Party Nature of Relationship

Girraj Kishor Agrawal Managing Director

Zubin Jasi Pardiwala Director

Jatinkumar Chintamani Agarwal Director

Seema Sidhu Director

Ashok Lalji Vishwakarma CFO

Five X Finance & Investment Limited Group Companies

Kayaguru Capital Market Private Limited Group Companies

Rockon Capital Market Pvt. Ltd. Group Companies

Agrawal Bullion Ltd Group Companies

[Formerly Kayaguru Health Solutions Ltd]

Banas Finance Ltd. Group Companies

Rockon Fintech Ltd. GrouP Companies

Shree Nath Commercial & Finance Ltd. Group Companies

Tilak Finance Ltd. Group Companies

Handful Investrade Pvt. Ltd. Group Companies

Note: Related Parties as disclosed by the management and relied upon by auditors

8. Segment Information (AS-17)

The Segments are identified based on the dominant sources and nature of risks and return. Unallocated Corporate Expenses relate to the enterprises as a whole and are not attributable to the segments.

9. The company has not appointed internal auditor required as per section 138 of companies Act, 2013.

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Mar 31, 2014

1. Balances of Loans and Advances, Secured Loans, Trade Payables & Others are subject to confirmBtfcneaDnciliation and consequential adjustments, if any.

2. In the opinion of the Board & to the bet of their knowledge & belief the value of realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they areedteiti the Balance Sheet & the provisions for all the loans & determiied liabilities is adequate and not in excess of the amount.

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

4. According to a technical assessment carried out by the Company, there is impairment in the carrying cost of cash generating units of the Company in terms of accounting standard^ issued by the Institute of Chartered Accountants of India.

5. The Company has not received the required information from suppliers regarding their stos under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid astha yearend together with interest paid/payable as required under the said Act have not been made.

6. According to a technical assessment carried out by the Company, there is no impairment in the cartyiaost of cash generating units of the Company in terms of accounting standard issued by the Institute of Chartered Accountants of India.

7. Segment Information (AS17)

Company has only one segment of activity namely Frading and Financial activities Since there is No export turnover, there are no reportable geographical segients.

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Mar 31, 2013

1. Balances of Debtors, Loans and Advances, Secured Loans, Sundry Creditors & Others are subject to confirmation and reconciliation and consequential adjustments, if any.

2. In the opinion of the Board & to the best of their knowledge & belief the value of realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet & the provisions for all the loans & determined liabilities is adequate and not in excess of the amount.

3. 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 Statement of Profit & Loss.

4. According to a technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of accounting standards-28 issued by the Institute of Chartered Accountants of India.

5. The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the yearend together with interest paid/payable as required under the said Act have not been made.

6. According to a technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of accounting standards-28 issued by the Institute of Chartered Accountants of India.

7. Segment Information (AS-17)

Company has only one segment of activity namely "Trading and Financial Activities". Since there is No export turnover, there are no reportable geographical segments.

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Mar 31, 2012

(a) Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of 10 per share.Each holder of equity shares is entitled to one vote per share. The Company decleres and pays dividend in Indian Rupees. The dividend proposed by the Board of directors is subject to the approval of the shareholders in ensuing Annual General Meeting. In event of liquidation of the Company,the holders of equity shares would be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The Distribution will be in proportion to the number of equity shares held by the shareholders.

1. Balances of Debtors, Loans and Advances, Secured Loans, Sundry Creditors & Others are subject to confirmation and reconciliation and consequential adjustments, if any.

2. In the opinion of the Board & to the best of their knowledge & belief the value of realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet & the provisions for all the loans & determined liabilities is adequate and not in excess of the -3 amount.

3. Provision for retirement benefits to employees was not provided on accrual basis, which l 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 Statement of Profit & Loss.

4. According to a technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of accounting standards-28 issued by the Institute of Chartered Accountants of India.

5. The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence § disclosures, if any, relating to amounts unpaid as at the yearend together with interest § paid/payable as required under the said Act have not been made. |

6. Earnings Per Share (AS-20): ;. The Earning Per Share computed as per the requirement under Accounting Standard 20 > on Earning Per Share issued by The Institute of Chartered Accountant of India, is as

7. According to a technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of accounting standards-28 issued by the Institute of Chartered Accountants of India.

8. Accounts payable to Small Scale Industrial Undertaking under the head of Sundry Creditors - NIL

(Previous Year - NIL)

9. The Company does not have a full time Company Secretary though the same is required as per the provisions of Section 383A of the Companies Act, 1956.

10. Segment Information (AS-17)

Company has only one segment of activity namely "Trading and Financial Activities". Since there is No export turnover, there are no reportable geographical segments.

11. The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.

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Mar 31, 2011

1. Balances of Debtors, Loans and Advances, Secured Loans, Sundry Creditors & Others are subject to confirmation and reconciliation and consequential adjustments, if any.

2. In the opinion of the Board & to the best of their knowledge & belief the value of realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet & the provisions for all the loans & determined liabilities is adequate and not in excess of the amount.

3. 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.

4. The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the yearend together with interest paid/payable as required under the said Act have not been made.

5. According to a technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of accounting standards-28 issued by the Institute of Chartered Accountants of India.

6. Accounts payable to Small Scale Industrial Undertaking under the head of Sundry Creditors – NIL (Previous Year – NIL)

7 . The Company does not have a full time Company Secretary though the same is required as per the provisions of Section 383A of the Companies Act, 1956.

8. Balance Sheet Abstract & Company's general business profiles as required by part IV of Schedule VI to the Companies Act, 1956 is enclosed in ANNEXURE "B".

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

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Mar 31, 2010

1. The Company has issued 50,00,000 Equity Shares through Extra-Ordinary General Meeting held on 27/01/2010 under section 81(1A) and other applicable provision of the Company Act, 1956. These shares have been allotted at a price of Rs. 20/- (including premium of Rs.10/-) each which is in accordance with the Preferential Issue Guidelines issued by Securities & Exchange Board of India.

2. Balances of Debtors, Loans and Advances, Secured Loans, Sundry Creditors & Others are subject to confirmation and reconciliation and consequential adjustments, if any.

3. In the opinion of the Board & to the best of their knowledge & belief the value of realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet & the provisions for all the loans & determined liabilities is adequate and not in excess of the amount.

4. 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.

5. The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the yearend together with interest paid/payable as required under the said Act have not been made.

6. According to a technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of accounting standards-28 issued by the Institute of Chartered Accountants of India.

7. Accounts payable to Small Scale Industrial Undertaking under the head of Sundry Creditors - NIL

(Previous Year - NIL)

8. Related Party Transaction :

9. Related Parties and Nature of Relationship:

Related Party Nature of Relationship

Girraj Kishor Agrawal Director

Tanu Girraj Kishore Agrawal Director

Pradeep Natvarlal Dhanuka Director

Zubin Jasi Pardiwala Director

Handful Investrade Pvt. Ltd. Substantial Interest of Director

Kayaguru Health Solutions Pvt.Ltd. Substantial Interest of Director

Kayaguru Insurance Broker Pvt. Ltd. Substantial Interest of Director

Kayaguru Wellness Pvt. Ltd. Substantial Interest of Director

Keystone Stockfin Pvt. Ltd Substantial Interest of Director

10. Schedule I to XII forms the integral part of the Balance Sheet as at 31st March 2010 and the P & L A/c for the year ended on that date.

11. The Company does not have a full time Company Secretary though the same is required as per the provisions of Section 383A of the Companies Act, 1956.

12. Balance Sheet Abstract & Companys general business profiles as required by part IV of Schedule VI to the Companies Act, 1956 is enclosed in ANNEXURE "B".

13. Previous years figures have been regrouped, rearranged and reclassified wherever necessary to conform to the currents classification/ presentation.

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Mar 31, 2003

1 There are no liabilities of contingent nature, other than those provided for in the books of accounts.

2. Current Assets, Loans and Advances are of the value stated in the Balance Sheet, if realized in the ordinary course of business. The provisions of all known liabilities are adequate and not in excess of amounts reasonably necessary Loans and Advances are partly confirmed.

3. This being the first year the question of previous years figures does not arise

4. Other requirements of Para 3 & 4 of Part VI of the Companies Act, 1956 are not applicable to the Company.