1. Corporate information
Prabhat Telecom (India) Limited ("the Company") {CIN: L72100MH2007PlC169551} was incorporated on 02nd April 2007 at Mumbai, India. The company is engaged in EMS, designing, development and distribution of mobile phones & accessories.
2. Basis of Preparation
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The Company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 2013. The financial statements have been prepared on an accrual basis and under the historical cost convention. The accounting policies have been consistently applied by the Company.
b. Terms/rights attached to equity shares
The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.
3 Details Of Dues To Micro And Small Enterprises As Defined Under The MSMED Act, 2006
The identification of Micro, Small and Medium enterprises is based on the management's knowledge of their status. The Company has not received any intimation from suppliers regarding their status under "The Micro, Small and Medium Enterprises Development Act, 2006".
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