Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 192

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 192
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 as of March 31, 2024      liquid capital          maintained  
                                           requirements                      
 ─────────────────────────────────────────────────────────────────────────────
  Grande                                       $384,615          $2,303,261  

The
Company’s operation subsidiary maintains a capital level greater than the minimum liquid capital requirements and it is in compliance
with the minimum liquid capital established by the Securities and Futures Commission of Hong Kong.

NOTE
16 - RISKS

  Credit  

Accounts
receivable

In
order to minimize the credit risk, the management of the Company has delegated a team responsible for determination of credit limits
and credit approvals. Other monitoring procedures are in place to ensure that follow-up action is taken to recover overdue debts. Internal
credit rating has been given to each category of debtors after considering aging, historical observed default rates, repayment history
and past due status of respective accounts receivable. Estimated loss rates are based on probability of default and loss given default
with reference to an external credit report and are adjusted for reasonable and supportable forward-looking information that is available
without undue costs or effort while credit-impaired trade balances were assessed individually. In this regard, the directors consider
that the Company’s credit risk is significantly reduced. The maximum potential loss of accounts receivable and contract assets
for the year ended March 31, 2025 is $ 1,384,630

F-23

  GRANDE                                      
  GROUP LIMITED                               
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  
  FOR THE YEARS ENDED MARCH                   
  31, 2025, 2024 and 2023                     
                                              
  (Stated                                     
  in US Dollars)                              
 ──────────────────────────────────────────────

NOTE
16 - RISKS

Bank
balances

The
Company is exposed to concentration of credit risk on liquid funds. The Company maintains the bank accounts in Hong Kong. Cash balances
in bank accounts in Hong Kong are insured under the Deposit Protection Scheme introduced by the Government of Hong Kong for a maximum
amount of $ 102,564 800,000

Other
current assets

The
Company assessed the impairment for other current assets individually based on internal credit rating and ageing of these debtors which,
in the opinion of the directors, have had no significant increase in credit risk since initial recognition. Based on the impairment assessment
performed by the Company, the directors consider the loss allowance for other current assets as of March 31,