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Moneycontrol.com India | Notes to Account > Diamond Cutting/Precious Metals/Jewellery > Notes to Account from Professional Diamonds - BSE: 523001, NSE: N.A
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Professional Diamonds
BSE: 523001|SECTOR: Diamond Cutting/Precious Metals/Jewellery
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Professional Diamonds is not traded in the last 30 days
Professional Diamonds is not listed on NSE
« Mar 11
Notes to Accounts Year End : Mar '12
Basis of Preparation of Financial Statements : These financial
 statements have been prepared on an accrual basis and under historical
 Cost convention and in compliance, in all material aspects, with the
 applicable accounting principles in India, the applicable accounting
 principles in India, the applicable accounting standards notified under
 section 211 (3C) and the other relevant provisions of the Companies
 Act, 1956.
 
 All the assets and liabilities have been classified as current or
 non-current as per the Company''s normal operating cycle and other
 criteria set out in Schedule VI to the Companies Act, 1956. Based on
 the nature of the products and the time between the acquisition of
 assets for processing and their realisation in cash and cash
 equivalent, the Company has ascertained its operating cycle to be less
 than 12 months.
 
 The Company has only one class of equity shares having a par value of
 Rs. 10 per share. Each holder of equity share is entitled to one vote
 per share. The Company declares and pays dividend in Indian Rupees. The
 dividend proposed, if any, by the Board of Directors is subject to the
 approval of the shareholders in the ensuing Annual General Meeting.
 
 In the event of liquidation of the Company, the holders of the equity
 shares will be entitled to receive remaining assets of the Company,
 after distribution of all preferential amounts. The distribution will
 be in proportion to the no. of equity shares held by the shareholders.
 
 1.1 There were no transactions with related parties based on
 disclosure certificate issued by the directors, hence no disclosure as
 per the provisions of Accounting standard 18 ''Related party
 Transactions is made
 
 1.2 As per the information available with the Company and certified by
 them, total outstanding due to small Enterprises as required to be
 disclosed under the Micro, Small and Medium Enterprises Development Act
 2006 at the end of is Nil (Nil)
 
 1.3 Additional Information required under para 4-D of Part -II of
 Schedule VI to the Companies Act, 1956 as certified by a Director is as
 follows :
 
 Expenditure in Foreign Currency        NIL       (NIL)
 
 Earning in Foreign Currency            NIL       (NIL)
 
 1.4 Previous year''s figures have been regrouped wherever necessary so
 as to make them comparable with those of the current year.
Source : Dion Global Solutions Limited
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