అకౌంట్స్ గమనికలుChemkart India Ltd.

12. Provisions, Contingent Liabilities and Contingent Assets

The Company recognizes a provision when there is a present obligation as a result
of a past event that probably requires an outflow of resources and a reliable
estimate can be made of the amount of the obligation.

A disclosure for a contingent liability is made when there is a possible obligation
or a present obligation that may, but probably will not, require an outflow of
resources.

Where there is a possible obligation or a present obligation but the likelihood of
outflow of resources is remote, no provision or disclosure is made.

Contingent Assets are neither recognized nor disclosed.

13. Accounting Estimates

The preparation of financial statements requires estimates and assumptions to be
made that affect the reported amounts of assets and liabilities on the date of
financial statements and the reported amounts of revenue and expenses during the
reporting period. Difference between the actual results and the estimates are
recognized in the period in which the results are known/ materialized.