MK Aromatics Ltd. के अकाउंट के लिये नोट

Mar 31, 2011

1 CONTIGENT LIABILITY - NIL

2 REVENUE RECOGNITION

3 Debit and credit balances on whatsoever account are subject to confirmation from parties, as such their effect on profit & loss account cannot be reflected.

4 In opinion of the board, all the current assets, loans and advances have the value realisation in the ordinary course the business, at least equal to the amount stated.

The Managing director has been paid remuneration. The above remuneration has been paid as minimum remuneration in the absence on inadequacy of profits. No commission has been paid to the Managing Director due to inadequacy of profits.

5 FIXED ASSETS

Fixed Assets are stated at historical cost and net of canvas credit, if any , and depreciation.

6 DEPRECIATION

Depreciation provided on written down value basis in accordance with the provisions of Section 205(2) (b) of Companies Act, 1956.

7 INCOME AND EXPENDITURE RECOGNITION

Revenue on sales and other sources are recognised on accrual basis and are accounted as liabilities on the due basis.

8 PRELIMINARY EXPENSES

1/5 of the pre-operative expenses of the new project of last year has been written off as per Sec 35D of the Income Tax Act, 1961.

9 INVESTMENT

Investments & Deposits are valued at cost. Investments are certified by the management.

10 The previous years figures have been recast/regrouped wherever necessary to confirm to this year's classification.

11 Figures have been rounded off to nearest rupee