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Moneycontrol.com India | Notes to Account > Miscellaneous > Notes to Account from Prraneta Industries - BSE: 531611, NSE: N.A
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Prraneta Industries
BSE: 531611|ISIN: INE063D01022|SECTOR: Miscellaneous
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« Mar 08
Notes to Accounts Year End : Mar '11
1.  PREVIOUS YEAR''S FIGURES
 The Previous year''s figures have been recast/restated, wherever
 necessary to confirm to current year classification.
 
 2.  LOANS & ADVANCES
 
 Advances recoverable in cash, kind or value to be received are
 primarily towards prepayments for value to be received and same has
 been confirmed by the management.
 
 3.  Sundry Debtors, Creditors, Loans & Advances and bank balances are
 stated as appear in the books of accounts in the ordinary course of
 business. The balances are un-confirmed and are subject to confirmation
 from the party/Bank.
 
 4.  Investments in quoted or unquoted shares are subject to physical
 verification. The market values of unquoted shares are not
 ascertainable.
 
 5.  As per Accounting Standard 17 issued by the Institute of Chartered
 Accountants of India regarding Segmental Reporting, As per the
 explanation and clarification given by the management the Company has
 following reported segment:
 
 6.  During the financial year 2010-11 the Company has taken
 application money for issue of 4,50,00,000 No''s Convertible Equity
 Warrants on Preferential basis to various allot tees with each Warrant
 Convertible into one Equity share of Rs.1/-each At a price of
 Rs.70/-Per Share which include a premium of Rs.69/- Per Share,
 entitling each holder thereof to get One fully paid Equity Share of
 Rs.1/-each to be issued and allotted upon conversion of the Warrants,
 at the sole option of the warrant holder.
 
 7.  MICRO, SMALL AND MEDIUM ENTERPRISES:- There are no Micro, Small &
 Medium Enterprises in respect of whom the company''s dues are
 outstanding for more than 45 days as at the balance sheet date
Source : Dion Global Solutions Limited
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