GOLD ROCK INVESTMENTS LIMITED

CIN NO.: L65990MH1978PLC020117

Regd. Off.: 714, Raheja Chambers, 213, Nariman Point, Mumbai - 400 021
Tel.: 022-22022621 Fax: 022-2282 0538
E-mail id: goldrockinvest@yahoo.co.in

Upload: listing. bseindia.com

By E-mail @ Corp.relations@bseindia.com
16th August, 2016
To,
General Manager,
The Department of Corporate Services - CRD,
BSE Limited,
1st Floor, P J Towers,

Dalal Street, Mumbai - 400 001

Dear Sir / Madam,
BSE CODE: 501111
Sub: Outcome of Board Meeting

=====================================
With the. Reference of Exchange Circular No. DCS/COMP/04/2016-17 dated June 01,
2016 with respect to Disclosure of the Impact of Audit Qualifications by the Listed Entities.
We are re-submitting the same in the Prescribed Format as per stated in the above
mentioned circular for the 4th Quarter and Twelve months ended 31st March, 2016.
Please bring it to the notice of all concerned.
Thanking you,
Yours faithfully

Encl: 1. Main Covering Letter

2. Audit Qualification Statement
(As per New Format)

SURVODAVA INVESTMENT AND TRADING COMPANY LIMITED

CIN NO.: L65990MH197SPLC018475
Regd. Off. 714, Raheja Chambers, 213, Nariman Point, Mumbai -400 021
Tel.:
022-22022621 Fax:
022-2282 0538
e-mail id: suryodayainvest@yahoo.com

Statement on Impact of Audit Qualifications (for Audit Report with modified

opinion) submitted along with Annual Audited Financial Results (Standalone)
Statement on Imnact of Audit Qualifications for the Financial Year Ended 31st March 2016
(See Ref!u/ation 33 of the SEBJ(LODR Reou/ations 2015)
SI.
Audited Figures Adjusted
Particulars
Figures
I.
No.
(as reported
before adjusting (Audited
Figures after
for
adjusting for
Qualifications)
Qualifications)
Rs. Jn Lacs
0.32
1
0.32
Turnover I Total Income
5.14
2
Total Expenditure
5.14
1.83
3
Net Profit/ (Loss)
1.83
0.14
4
0.14
Eamin12:s Per Share*
2300.24
5
Total Assets
2300.24
2300.24
6
2300.24
Total Liabilities
2283.98
2283.98
7
Net Worth
8
Any other Financial Item(s) (as felt
appropriate by the management
*Amt. in Rupees
.i

II.

Audit Qualification (each Audit Qualification Separately):

a. Details of Au~it Qualification: Refer Annexure -1
b. Type of Audit Qualification : Qualified Ovinion
c. Frequency of Qualification : Repetitive
d. For Audit Qualification(s) where the impact is quantified by the auditor,
mana2ements view: - N.A.
e. For Audit Qualification(s) where the impact is not auantified by the auditor:
(i)

Managements estimation on the impact of audit qualification: N.A.

(ii) If management is unable to estimate the impact, reason for the same :
Refer Annexure - II
(iii) Auditor's Comment on (i) or (ii) above: Qualifications and management
response is self explanatory.

III.

Signatories

Director

[RS Bhangui]
(DIN: 00291146)

CFO

----------~
~------------[Bhanw;;ftip~;~ek]
Chief Financial Officer

Audit Committee Chairman

-------------~
-~-----Sin~~j]~-~-----[S. M.

Chairman of Audit Committee Meeting

Director
(DIN: 00102319 )

Auditor(s) of the Company

Statement on Impact of Audit Qualifications (for Audit Report with modified opinion) submitted
along with Annual Audited Financial Results - (Standalone)

Annexure-1
(a) The Company accounts Gratuity and Leave Encashment on cash basis. The same is not in line with
Accounting Standard 15 "Employee Benefits" issued by the Institute of Chartered Accountants of India. The
impact thereof on financial results is not ascertained.

(b) The Company has not Provided diminution in the value of LML Shares since rehabilitation package has
yet to be sanctioned by BIFR and as a consequence the diminution in the value of investment is not
ascertainable as such no provision has been made.

{c) The Company has not recognized and accounted for the Deferred Tax Liability/Asset (amount not
ascertained) in accordance with Accounting Standard 22 "Accounting for Taxes on Income" issued by the
Institute of Chartered Accountants ofIndia.

Statement on Impact of Audit Qualifications (for Audit Report with modified opinion) submitted
along with Annual Audited Financial Results -(Standalone)

Annexure - II

(a) Since the no. of employees is now reduced to less than the threshold limit of the Gratuity Act, same
will be accounted on payment basis. The management however is of the view that there will be no
material impact.
(b) The Company has not Provided diminution in the value of LML Shares since rehabilitation package
has yet to be sanctioned by BJFR.

(c) The Deferred tax has not been created on Gratuity and Leave encashment as it has been accounted on
cash basis.