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Notes to Accounts of Gokul Solutions Ltd.

Mar 31, 2015

1.1. Preliminary expenses are amortized over a period of five years.

1.2. Previous year's figure are re-grouped or rearranged wherever necessary.

1.3. The Provision regarding additional information as required under Para 4C and 4D of Part II of schedule III to the Companies Act are not applicable.

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

1.5. Earning Per Share (EPS):

The Earnings considered in ascertaining the Company's EPS comprises the net profit (loss) and includes the post tax effect of any extraordinary items. The number of shares used in computing Basic EPS is weighted average number of shares outstanding during the year.

1.6. Additional information pursuant to the provision contained vides part II of the schedule ill of the Companies Act. 2013.

I. Earning in foreign Exchange : NIL

li. Expenditure in Foreign Currency : NIL

III. Opening stock Purchase, Sales and Closing Stock: Not Applicable.

1.7. Managerial Remuneration to Directors during the year is NIL.

1.8. Taxation:

(a) Provision for current year tax is determined on the basis of provisions on Income Tax Act, 1961.

1.9. Revenue recognition:

Revenue is recognized on transfer of significant risk and reward in respect of ownership.

Oct 21, 12:00 am
Oct 21, 4:14 pm
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