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Notes to Accounts of GRM Overseas Ltd.

Mar 31, 2015

1. General Information

GRM Overseas Limited (the 'Company') is a public limited company domiciled in India, incorporated under the provisions of the Companies Act, 1956 and is listed on one stock exchange in India. The Company is engaged in the business of manufacturing and trading of Rice.

2. No information has been received by the Company from the creditors whether they are covered under Micro, Small and Medium Enterprises Development Act, 2006.


Mar 31, 2014

1. General Information

GRM Overseas Limited (the ''Company'') is a public limited company domiciled in India, incorporated under the provisions of the Companies Act, 1956 and is listed on one stock exchange in India. The Company is engaged in the business of manufacturing and trading of Rice.

2.0 Cash and Cash Equivalent

In the Cash Flow Statement, cash and cash equivalents include cash on hand, demand deposits with banks, other short-term highly liquid investments, if any, with original maturities of three months or less.

2.1 Earning Per Share

Basic earning per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

3. Share Capital

(a) Rights, preference and restrictions attached to shares issued: The Company has only one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. The dividend if proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding."

(b) Detail of shares held by shareholders holding more than 5% of the aggregate shares in the Company."

4. No information has been received by the Company from the creditors whether they are covered under Micro, Small and Medium Enterprises Development Act, 2006.


Mar 31, 2013

1. General Information

GRM Overseas Limited (the ''Company'') is a public limited company domiciled in India, incorporated under the provisions of the Companies Act, 1956 and is listed on one stock exchange in India. The Company is engaged in the business of manufacturing and trading of Rice.

NOTE 2

No information has been received by the Company from the creditors whether they are covered under Micro, Small and Medium Enterprises Development Act, 2006.


Mar 31, 2012

1. General Information

GRM Overseas Limited (the 'Company') is a public limited company domiciled in India, incorporated under the provisions of the Companies Act, 1956 and is listed on one stock exchange in India. The Company is engaged in the business of manufacturing and trading of Rice.


Mar 31, 2010

1. Cash credit facilities availed from S.B.I., G.T. Road, Panipat are secured by the hypothecation of inventories and personal guarantee of directors.

2. The outstanding balance of debtors, creditors etc. are subject to confirmation & reconciliation.

3. The Company generally follows mercantile system of accounting and recognizes income and expenditure on accrual basis except taxes, interest & penalties by sales tax authorities, which are taken on payment basis.

4. Previous year figures have been regrouped/rearranged wherever necessary.

5. Additional Information

a. Class of goods manufactured Rice.

b. Capacity/Licensed

c. Installed

6. Expenditure on employees

Employees in receipt of remuneration in aggregate not less than Rs. 12,00,000/- per annum if employed throughout the year or Rs. 1,00,000/- per month if employed for the part of the year. No. of employees : NONE Amount : Nil

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