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Notes to Accounts of Gromo Trade & Consultancy Ltd.

Mar 31, 2014

1. Earnings per Share

In compliance of Accounting Standard -20 on "Earning Per Share" issued by The Institute of Chartered Accountants of India, the computation of Earning per share is as under:

2. Related Party Transactions

In accordance with the Accounting Standard 18 on "Related Party Disclosures" issued by the Institute of Chartered Accountants of India, the transactions with the related parties of the Company are disclosed below:

3. Contingent Liabilities: - NIL

4. There is no impairment of assets as per AS 28 issued by ICAI.

5. In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount which they are stated in the Balance Sheet and provision for all known and determined liabilities is adequate and not in Excess of amount reasonably required. Further balances are subject to confirmation.

6 Non provision of dimension value of investment Rs 45,52,880 /-

7 Non Provision of Deferred Tax due to uncertainty of revenue.

8 Previous year figures have been regrouped, reclassified and recast wherever considered necessary.

9 Figures have been rounded off to nearest rupee.

Mar 31, 2013


It is informed to us by the management that there is no Contingent Liabilities.


Other information required under Part I & Part II of Schedule VI to The Companies Act,1956 are either NIL or NOT APPLICABLE.

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