GROMO TRADE & CONSULTANCY LIMITED

(Formerly Kamalabshi Finance Corporation Limited)

Regd Off: B/411, Crystal Plaza, Opp. Infinity Mall, New Linke Road, Andheri West), Mumbai- 400053
?el No: 022-60505001 I Email: infOgrOMOVgniail.COM
I

Website; gromotrade.com I CIN: L 6 7120MH1973PLC016243

Date: 28/05/2016
To,
The Bombay Stock Exchange Ltd
Corporate Relationship Dept,
1st Floor, New Trading Ring,
Rotunda Building, P. J. Towers,
Dalal Street, Fort, Mumbai - 400 001
Ref: BSE Code 501314
Sub: Outcome of Board Meeting

Dear Sir,
This is to inform that BM/02/2016-17 meeting of the Board of Directors of the Company was
held on Saturday, 28th May, 2016 at 01:30 P.M. at the Registered Office of the Company at B-411,
Crystal Plaza, New Link Road, Opp. Infinity Mall, Andheri (West), Mumbai - 400053 and the
Board approved the following:
1. Audited Financial Results for the quarter and year ended 31st March, 2016 along
with Auditors' Report and Notes forming parts to accounts
2. Took the note on Compliance done as per LODR, Regulation 2015 for the quarter
ended 31.03.2016
Kindly acknowledge the Receipt.

Thanking you,
Yours faithfully,
For Gromo Trade & Consultancy Limited
kiirti\* 9Askl`

Dheeraj Shah
(Managing Director

End: a/a

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Generalinformationaboutcompany
Scripcode

501314

Nameofcompany

GromoTrade&Consultancy
Limited

ResultType

MainFormat

Classofsecurity

Equity

Dateofstartoffinancialyear

01042015

Dateofendoffinancialyear

31032016

Dateofboardmeetingwhenresultswereapproved

28052016

Dateonwhichpriorintimationofthemeetingforconsideringfinancialresultswasinformedtothe
18052016
exchange
Descriptionofpresentationcurrency

INR

Levelofroundingusedinfinancialresults

Lakhs

ReportingQuarter

Yearly

Natureofreportstandaloneorconsolidated

Standalone

Whetherresultsareauditedorunaudited

Audited

SegmentReporting

Multisegment

Descriptionofsinglesegment

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Quarterly&HalfYearlyFinancialResultbyCompaniesOtherthanBanks

Particulars

Previous3
Corresponding3
Yeartodate
3months
months
monthsendedinthe figuresforcurrent
ended(dd
ended(dd previousyear(dd periodended(dd
mmyyyy)
mmyyyy)
mmyyyy)
mmyyyy)

Yeartodate
figuresfor
previousperiod
ended(ddmm
yyyy)

Previous
accounting
yearended
(ddmm
yyyy)

Dateofstartof
reportingperiod

0101
2016

01102015

01012015

01042015

01042014

01042014

Dateofendofreporting
period

3103
2016

31122015

31032015

31032016

31032015

31032015

Whetherresultsare
auditedorunaudited

Audited

Unaudited

Audited

Audited

Audited

Audited

Standalone

Standalone

Standalone

Standalone

Natureofreport
standaloneor Standalone Standalone
consolidated

D
PartI
1

RevenueFromOperations
NetsalesorRevenue
fromOperations
Otheroperating
revenues
TotalRevenuefrom
operations(net)

324.43

585.62

649.1

1084.6

984.57

984.57

0.19

324.43

585.81

649.1

1084.6

984.57

984.57

Expenses

(a)

Costofmaterials
consumed

(b)

Purchasesofstockin
trade

239.321

802.33

501.23

1041.651

874.52

874.52

(c)

Changesininventories
offinishedgoods,
workinprogressand
stockintrade

5.762

91.31

276.67

169.292

129.5

129.5

(d)

Employeebenefit
expense

2.136

0.72

4.86

8.316

15.68

15.68

(e)

Depreciationand
amortisationexpense

0.007

0.01

0.017

0.02

0.02

(f) OtherExpenses
1

OthreExpenses

6.725

5.85

59.47

18.735

78.29

78.29

Totalotherexpenses

6.725

5.85

59.47

18.735

78.29

78.29

Totalexpenses

253.951

900.21

842.24

1238.011

1098.01

1098.01

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Quarterly&HalfYearlyFinancialResultbyCompaniesOtherthanBanks

Particulars

Previous3
3months
months
ended(dd
ended(dd
mmyyyy)
mmyyyy)

Corresponding3
monthsendedin
thepreviousyear
(ddmmyyyy)

Yeartodate
figuresfor
currentperiod
ended(ddmm
yyyy)

Yeartodate
figuresfor
previousperiod
ended(ddmm
yyyy)

Previous
accounting
yearended
(ddmm
yyyy)

Dateofstartofreporting
period

0101
2016

0110
2015

01012015

01042015

01042014

01042014

Dateofendofreporting
period

3103
2016

3112
2015

31032015

31032016

31032015

31032015

Whetherresultsareaudited
orunaudited

Audited

Unaudited

Audited

Audited

Audited

Audited

Natureofreport
Standalone Standalone
standaloneorconsolidated

Standalone

Standalone

Standalone

Standalone

PartI
3

Profit(loss)from
operationsbeforeother
income,financecostsand
exceptionalitems

Otherincome

Profit(loss)from
ordinaryactivatesbefore
financecostsand
exceptionalitems

Financecosts

Profit(loss)from
ordinaryactivitiesafter
financecostsbutbefore
exceptionalitems

70.479

314.4

193.14

153.411

113.44

113.44

0.036

0.24646

70.515

314.4

193.14

153.165

113.44

113.44

0.03

70.515

314.37

193.14

153.165

113.44

113.44

Priorperioditemsbefore
tax

Exceptionalitems

10

Profit(loss)from
ordinaryactivitiesbefore
tax

70.515

314.37

193.14

153.165

113.44

113.44

18.78

18.78

18.78

70.515

314.37

174.36

153.165

94.66

94.66

70.515

314.37

174.36

153.165

94.66

94.66

Profit(loss)from
15 discontinuingoperations
beforetax

Taxexpenseof
discontinuingoperations

11 TaxExpense
12

Netprofit(loss)from
ordinaryactivitiesafter
tax

13 Extraordinaryitems
14

16

NetProfitLossforthe
periodfromcontinuing
operations

17

Netprofit(loss)from
discontinuingoperation
aftertax

18

Profit(loss)forperiod
beforeminorityinterest

70.515

314.37

174.36

153.165

94.66

94.66

21

NetProfit(loss)after
taxesminorityinterest
andshareofprofit(loss)
ofassociates

70.515

314.37

174.36

153.165

94.66

94.66

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Quarterly&HalfYearlyFinancialResultbyCompaniesOtherthanBanks
Particulars

3months
ended(dd
mmyyyy)

Previous3
months
ended(dd
mmyyyy)

Corresponding3
monthsendedinthe
previousyear(dd
mmyyyy)

Yeartodatefigures Yeartodatefigures
forcurrentperiod forpreviousperiod
ended(ddmm
ended(ddmm
yyyy)
yyyy)

Previous
accounting
yearended
(ddmmyyyy)

Dateofstartof
reportingperiod

0101
2016

01102015

01012015

01042015

01042014

01042014

Dateofendof
reportingperiod

3103
2016

31122015

31032015

31032016

31032015

31032015

Whetherresults
areauditedor
unaudited

Audited

Unaudited

Audited

Audited

Audited

Audited

Natureofreport
standaloneor Standalone
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

PartI
22 Detailsofequitysharecapital
Paidupequity
sharecapital

2839

2839

2839

2839

2839

2839

10

10

10

10

10

10

1112.895

1126.847

1266.06

1112.895

1266.06

1266.06

Basicearnings
persharebefore
extraordinary
items

0.247

1.11

0.68

0.54

1.87

1.87

Dilutedearnings
persharebefore
extraordinary
items

0.247

1.11

0.68

0.54

1.87

1.87

Facevalueof
equityshare
capital
23 Detailsofdebtsecurities
24

Reserves
excluding
revaluation
reserve

26 Earningspershare
i

Earningsper
sharebefore
extraordinary
items

ii Earningspershareafterextraordinaryitems
Basicearnings
pershareafter
extraordinary
items

0.247

1.11

0.68

0.54

1.87

1.87

Dilutedearnings
pershareafter
extraordinary
items

0.247

1.11

0.68

0.54

1.87

1.87

Disclosureof
30 noteson
financialresults

TextualInformation(1)

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TextBlock
1.TheaboveFinancialResultsforthequarterandyearended31stMarch,2016havebeen
reviewedbytheAuditCommitteeandapprovedbytheBoardofDirectorsintheirhedon28thMay,
2016andauditedbythestatutoryauditor.

2.Thefigureforthepreviousquarter/yearhavebeenregrouped/reclassified/restated
wherevernecessary.

3.InvestorComplaintfortheQuarterEnded31/03/2016.Opening0,Received0,Resolved0,
Closing0.
TextualInformation(1)

4.ThisResultisavailableonourWebsitewww.gromotrade.com

5.TheCompanyoperatesintwoBusinessSegmenti.e.CommodityBusinessandFinanceBusiness
Activities.Businesssegmenthasbeenidentifiedasseparableprimarysegmentinaccordancewith
AccountingStandard17'SegmentReporting'asprescribedunderCompanies(Accounting
Standards)Rules,2006,takingintoAccounttheorganizationalandinternalreportingstructureas
wellasevaluationofriskandreturnofthesesegments

6.weherebydeclarethattheAuditors'haveauditedthefinancialresultsandprovidedtheaudit
reportwithunmodifiedopinion.Noqualificationhasbeenreportedbytheauditor.

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StatementofAssetandLiabilities
Currentyearended(ddmm
yyyy)

Previousyearended(ddmm
yyyy)

Dateofstartofreportingperiod

01042015

01042014

Dateofendofreportingperiod

31032016

31032015

Audited

Audited

Standalone

Standalone

Particulars

Whetherresultsareauditedorunaudited
Natureofreportstandaloneorconsolidated
Equityandliabilities
1

Shareholders'funds
Sharecapital
Reservesandsurplus

2839

2839

1112.895

1266.06

Moneyreceivedagainstsharewarrants

0
3951.895

4105.06

Shareapplicationmoneypendingallotment

Totalshareholders'funds

Deferredgovernmentgrants

Noncurrentliabilities
0

Longtermborrowings
Deferredtaxliabilities(net)

Foreigncurrencymonetaryitemtranslationdifferenceliability
account

Otherlongtermliabilities

Longtermprovisions

13.248

283.37

0.08

0.256

Totalcurrentliabilities

13.504

283.45

Totalequityandliabilities

3965.399

4388.51

0.27

0.08

Totalnoncurrentliabilities
6

Currentliabilities
Shorttermborrowings
Tradepayables
Othercurrentliabilities
Shorttermprovisions

Assets
1

Noncurrentassets

(i) Fixedassets
Tangibleassets
Producingproperties

Intangibleassets

Preproducingproperties

Tangibleassetscapitalworkinprogress

Intangibleassetsunderdevelopmentorworkinprogress
Totalfixedassets

0.27

0.08

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StatementofAssetandLiabilities
Currentyearended(ddmm
yyyy)

Previousyearended(ddmm
yyyy)

Dateofstartofreportingperiod

01042015

01042014

Dateofendofreportingperiod

31032016

31032015

Audited

Audited

Standalone

Standalone

Particulars

Whetherresultsareauditedorunaudited
Natureofreportstandaloneorconsolidated
(ii)

Noncurrentinvestments

9.125

9.12

(v)

Deferredtaxassets(net)

18.78

18.78

(vi)

Foreigncurrencymonetaryitemtranslationdifferenceasset
account

(vii)

Longtermloansandadvances

0
0

54.135

82.31

27.98

6.165

175.45

11.845

343.81

73.79

80.08

3791.289

3761.19

Totalcurrentassets

3883.089

4360.53

Totalassets

3965.399

4388.51

(viii) Othernoncurrentassets
Totalnoncurrentassets
Currentassets
Currentinvestments
Inventories
Tradereceivables
Cashandbankbalances
Shorttermloansandadvances
Othercurrentassets

Disclosureofnotesonassetsandliabilities

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FormatforReportingSegmenetwiseRevenue,ResultsandCapitalEmployedalongwiththecompanyresults
3months
ended(dd
mmyyyy)

Previous3
months
ended(dd
mmyyyy)

Corresponding3
monthsendedinthe
previousyear(dd
mmyyyy)

Dateofstartof
reportingperiod

0101
2016

01102015

01012015

01042015

01042014

01042014

Dateofendofreporting
period

3103
2016

31122015

31032015

31032016

31032015

31032015

Whetheraccountsare
auditedorunaudited

Audited

Unaudited

Audited

Audited

Audited

Audited

Standalone

Standalone

Standalone

Standalone

Standalone

Particulars

Natureofreport
standaloneor Standalone
consolidated

Yeartodatefigures Yeartodatefigures
forcurrentperiod forpreviousperiod
ended(ddmm
ended(ddmm
yyyy)
yyyy)

Previous
accounting
yearended
(ddmmyyyy)

1 SegmentRevenue(Income)
(netsale/incomefromeachsegmentshouldbedisclosed)
1

CommodityTrading

239.31

494.71

507.78

734.02

507.78

507.78

FinanceBusiness

85.12

90.91

137.5

350.58

472.97

472.97

OtherIncome

0.19

3.82

3.82

3.82

TotalSegment
Revenue

324.43

585.81

649.1

1084.6

984.57

984.57

324.43

585.81

649.1

1084.6

984.57

984.57

Less:Intersegment
revenue
Revenuefrom
Operations
2 SegmentResult
Profit(+)/Loss()beforetaxandinterestfromeachsegment
1

CommodityTrading

7.446

168.5

6.55

175.946

6.55

6.55

FinanceBusiness

79.356

139.52

135.34

42.156

26.52

26.52

OtherIncome

TotalProfitbefore
tax

71.91

308.02

128.79

133.79

19.97

19.97

i.Financecost

0.61

0.61

0.61

ii.Other
Unallocable
Expenditurenetoff
Unallocableincome

1.395

6.35

59.92

19.375

89.04

89.04

Profitbeforetax

70.515

314.37

189.32

153.165

109.62

109.62

3 CapitalEmployed
(SegmentAssetSegmentLiabilities)
1

CommodityTrading

0.318

105.16

67.79

0.318

67.79

67.79

FinanceBusiness

3952.213

3986.52

4037.22

3952.213

4037.22

4037.22

OtherIncome

TotalCapital
Employed

3951.895

3881.36

4105.01

3951.895

4105.01

4105.01

Disclosureofnotes
onsegments

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