A court has imposed a timid penalty on a key banking industry supplier for late lodgement of financial accounts.The Australian Securities and Investments Commission yesterday publicised the conviction last Thursday of GRG International Ltd, the owner of a fleet of automatic teller machines in Australia.ASIC said GRG, which was delisted from the ASX in January this year, appeared at the Melbourne Magistrates' Court last Thursday for failing to submit multiple financial reports on time between 2012 and 2014.The court convicted and fined GRG A$37,500 for failing to lodge annual financial reports for financial years 2011/2012, 2012/2013 and 2013/2014 and half year reports ending December 2012 and 2013.GRG International Limited was suspended from trading on the ASX in October 2012. While unable or unwilling to submit accounts GRG still found occasion to disclose other developments.Its latest bit of PR was an announcement towards the end of 2015 that the Australian arm of Canadian outfit DC Payments, a local industry consolidator, was to buy GRG's Australian ATM business. GRG said it was selling the business for an initial payment of A$2 million and a further $2 million payable on renewal and assignment of small number of key contracts. The company also acknowledged it had not lodged financial information with ASX "for some time" adding that, on approval of the offer from DC by its shareholders, GRG intended to lodge all outstanding financial reports "as soon as practicable". DC Payments, a listed entity, made no matching announcement at the time or since.