| GOLDIAM INTERNATIONAL LIMITED | ||||||||||||||||||||||
| MANUFACTURERS & EXPORTERS OF JEWELLERY | ||||||||||||||||||||||
| REGISTERED OFFICE | ||||||||||||||||||||||
| GEMS & JEWELLERY COMPLEX | ||||||||||||||||||||||
| SEEPZ , ANDHERI (EAST) | ||||||||||||||||||||||
| MUMBAI -400096 | ||||||||||||||||||||||
| Audited Financial Results for the Year ended 31st March,2009 | ||||||||||||||||||||||
| (Rs.in Lacs) | ||||||||||||||||||||||
| Figures for the | Audited for the | Consolidated | ||||||||||||||||||||
| Sr. | Particulars | Quarter Ended on | year ended on | Figures for the | Audited for the | |||||||||||||||||
| No. | Quarter Ended on | the period ended on | ||||||||||||||||||||
| 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | |||||||||||||||
| 1 | Net Sales/ Income from operations | 1,010.75 | 1,017.48 | 5,593.97 | 9,411.43 | 2,492.13 | 5,433.88 | 21,282.26 | 28,064.75 | |||||||||||||
| 2 | Expenditure | |||||||||||||||||||||
| a) | (Increase)/decrease in stock in trade | 132.12 | (81.54) | 231.80 | (299.62) | (113.30) | (201.23) | (365.86) | (395.23) | |||||||||||||
| b) | Consumption of Raw Materials | 480.95 | 499.29 | 3,735.61 | 7,294.18 | 972.81 | 4,254.96 | 15,928.46 | 22,823.43 | |||||||||||||
| c) | Purchase of Traded Goods | 607.29 | 186.34 | 959.92 | 644.58 | 798.13 | 171.36 | 1,150.76 | 549.69 | |||||||||||||
| d) | Employees Cost | 72.80 | 155.00 | 692.22 | 664.25 | 306.42 | 403.56 | 1,695.16 | 1,523.36 | |||||||||||||
| e) | Depreciation | 48.82 | 32.67 | 163.45 | 182.45 | 80.44 | 61.30 | 327.24 | 342.71 | |||||||||||||
| f) | Other expenditure | 135.11 | 461.69 | 1,788.33 | 1,278.72 | 698.94 | 829.03 | 3,322.82 | 2,368.65 | |||||||||||||
| g) | Total | 1,477.08 | 1,253.45 | 7,571.33 | 9,764.56 | 2,743.44 | 5,518.97 | 22,058.58 | 27,212.61 | |||||||||||||
| 3 | Profit from Operations before Other | |||||||||||||||||||||
| Income, Interest & Exceptional Items | ||||||||||||||||||||||
| (1-2) | (466.33) | (235.97) | (1,977.36) | (353.13) | (251.30) | (85.08) | (776.33) | 852.14 | ||||||||||||||
| 4 | Other Income | 344.77 | (225.26) | 596.52 | 441.31 | 327.07 | (321.38) | 488.57 | 338.42 | |||||||||||||
| 5 | Profit before Interest & Exceptional | |||||||||||||||||||||
| Items | ||||||||||||||||||||||
| (3+4) | (121.57) | (461.23) | (1,380.84) | 88.18 | 75.77 | (406.47) | (287.76) | 1,190.58 | ||||||||||||||
| 6 | Interest | 6.11 | 8.96 | 14.07 | 36.43 | 76.95 | 42.28 | 312.34 | 277.72 | |||||||||||||
| 7 | Profit after Interest but before Exceptional | |||||||||||||||||||||
| Items.(5-6) | (127.68) | (470.19) | (1,394.90) | 51.75 | (1.19) | (448.75) | (600.10) | 912.84 | ||||||||||||||
| 8 | Exceptional Items | - | - | - | - | - | - | - | - | |||||||||||||
| 9 | Profit(+)/Loss(-) from Ordinary Activities | (127.68) | (470.19) | (1,394.90) | 51.75 | (1.19) | (448.75) | (600.10) | 912.84 | |||||||||||||
| before tax (7+8) | ||||||||||||||||||||||
| 10 | Tax Expenses | (45.52) | (119.35) | (32.60) | 62.13 | (95.01) | (96.91) | (68.80) | 95.20 | |||||||||||||
| 11 | Net Profit(+)/Loss(-) from Ordinary Activities | (82.16) | (350.84) | (1,362.30) | (10.38) | 93.82 | (351.84) | (531.30) | 817.64 | |||||||||||||
| after tax(9-10) | ||||||||||||||||||||||
| 12 | Extraordinary Items ( net of tax Expense | - | - | - | - | - | - | - | - | |||||||||||||
| Rs. Nil ) | ||||||||||||||||||||||
| 13 | Minority Interest | - | - | - | - | 45.82 | (68.01) | (36.76) | 96.18 | |||||||||||||
| 14 | Net Profit(+)/Loss(-) for the period.(11-12-13) | (82.16) | (350.84) | (1,362.30) | (10.38) | 47.99 | (283.82) | (494.54) | 721.46 | |||||||||||||
| 15 | Paid up Equity Share Capital | 2,554.60 | 2,703.28 | 2,554.60 | 2,703.28 | 2,554.60 | 2,703.28 | 2,554.60 | 2,703.28 | |||||||||||||
| (Face Value Rs.10/-) | ||||||||||||||||||||||
| 16 | Reserves excluding revaluation | - | - | 12,942.74 | 14,749.33 | - | - | 15,328.17 | 16,365.45 | |||||||||||||
| reserves | ||||||||||||||||||||||
| 17 | Earning Per Share (EPS) | |||||||||||||||||||||
| a) Basic and diluted EPS before Extraordinary | ||||||||||||||||||||||
| items for the period, for the year to date and | ||||||||||||||||||||||
| for the previous year ( not to be annualised) | (0.32) | (1.30) | (5.33) | (0.04) | 0.19 | (1.05) | (1.94) | 2.67 | ||||||||||||||
| b) Basic and diluted EPS after Extraordinary | ||||||||||||||||||||||
| items for the period, for the year to date and | ||||||||||||||||||||||
| for the previous year ( not to be annualised) | (0.30) | (1.30) | (5.24) | (0.04) | 0.18 | (1.05) | (1.90) | 2.67 | ||||||||||||||
| 18 | Public Shareholding | |||||||||||||||||||||
| a) No. of shares | 11,997,896 | 13,287,263 | 11,997,896 | 13,287,263 | 11,997,896 | 13,287,263 | 11,997,896 | 13,287,263 | ||||||||||||||
| b) Percentage of shareholding | 46.96 | 49.15 | 46.96 | 49.15 | 46.96 | 49.15 | 46.96 | 49.15 | ||||||||||||||
| 19 | Promoters and promoter group Shareholding | |||||||||||||||||||||
| a) Pledged/Encumbered | ||||||||||||||||||||||
| Number of shares | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | ||||||||||||||
| Percentage of shares ( as a % of the total | ||||||||||||||||||||||
| shareholding of promoter and promoter | ||||||||||||||||||||||
| group) | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | ||||||||||||||
| Percentage of shares ( as a % of the total | ||||||||||||||||||||||
| share capital of the company) | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | ||||||||||||||
| b) Non-encumbered | ||||||||||||||||||||||
| Number of shares | 13,548,100 | 13,745,537 | 13,548,100 | 13,745,537 | 13,548,100 | 13,745,537 | 13,548,100 | 13,745,537 | ||||||||||||||
| Percentage of shares ( as a % of the total | ||||||||||||||||||||||
| shareholding of promoter and promoter | ||||||||||||||||||||||
| group) | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | ||||||||||||||
| Percentage of shares ( as a % of the total | ||||||||||||||||||||||
| share capital of the company) | 53.04% | 50.85% | 53.04% | 50.85% | 53.04% | 50.85% | 53.04% | 50.85% | ||||||||||||||
| 1 | The above Audited results have been duly considered by the Audit Committee and were taken on record by the Board of Directors of the Company at its meeting held on 26th June,2009. | |||||||||||||||||||||
| 2 | Consolidated financial statements of the Company and its subsidiaries have been prepared as per Accounting Standard AS 21 issued by The Institute of Chartered Accountants of India. | |||||||||||||||||||||
| 3 | Other expenditure includes foreign currency loss of Rs.0.75 crores and Rs.12.03 crores for the quarter ended 31.03.09 and year ended 31.03.09 respectively and corresponding quarter/year for the previous year Rs. 1.44 crores. Further, in respect of the consolidated results, other expenditure includes foreign currency loss of Rs.3.05 crores and Rs.15.53 crores for the quarter ended 31.03.09 and year ended 31.03.09 respectively and corresponding quarters/ period for the previous year Rs.1.51crores. | |||||||||||||||||||||
| 4 | Tax Expenses includes Current Tax, Deferred Tax and Fringe Benefit Tax. | |||||||||||||||||||||
| 5 | Eight complaints received during the quarter have been replied/redressed. There were no complaints pending at the beginning and end of the quarter. | |||||||||||||||||||||
| 6 | The Stand alone results of the Company are available on the Company's website www.goldiam.com and also available on Bombay Stock Exchange and National Stock Exchange websites www.bseindia.com and www.nseindia.com respectively. | |||||||||||||||||||||
| 7 | The figures in Rs.Lacs are rounded off to two decimals. | |||||||||||||||||||||
| GOLDIAM INTERNATIONAL LIMITED | ||||||||||||||||||||||
| Segment wise Revenue, Results and Capital Employed under Clause 41of the Listing Agreement | ||||||||||||||||||||||
| Figures for the | Audited for the | Consolidated | ||||||||||||||||||||
| Sr. | Particulars | Quarter Ended on | Year ended on | Figures for the | Audited for the | |||||||||||||||||
| No. | Quarter Ended on | Year ended on | ||||||||||||||||||||
| 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | |||||||||||||||
| A | PRIMARY SEGMENT: | |||||||||||||||||||||
| 1 | Segment Revenue : | |||||||||||||||||||||
| a) Jewellery | 1,104.12 | 1,017.85 | 5,692.79 | 9,465.88 | 2,618.96 | 5,376.85 | 21,409.08 | 28,067.75 | ||||||||||||||
| b) Investments | 162.16 | (225.63) | 406.23 | 386.85 | 63.44 | (264.34) | 224.94 | 335.43 | ||||||||||||||
| Total | 1,266.28 | 792.22 | 6,099.02 | 9,852.73 | 2,682.40 | 5,112.51 | 21,634.02 | 28,403.18 | ||||||||||||||
| Less : Inter Segment Revenue | - | - | - | - | - | - | ||||||||||||||||
| Net Sales/ Income from operation | 1,266.28 | 792.22 | 6,099.02 | 9,852.73 | 2,682.40 | 5,112.51 | 21,634.02 | 28,403.18 | ||||||||||||||
| 2 | Segment Results : | |||||||||||||||||||||
| Profit/(Loss) before tax and interest | ||||||||||||||||||||||
| a) Jewellery | (275.47) | (214.86) | (1,740.59) | (223.40) | 87.51 | (118.91) | (388.87) | 932.88 | ||||||||||||||
| b) Investments | 166.13 | (241.42) | 390.82 | 337.39 | 67.39 | (281.19) | 206.74 | 284.90 | ||||||||||||||
| Total | (109.34) | (456.28) | (1,349.77) | 113.99 | 154.90 | (400.10) | (182.13) | 1,217.78 | ||||||||||||||
| Less : i) Interest | 6.11 | 8.96 | 14.07 | 36.43 | 76.95 | 42.28 | 312.34 | 277.72 | ||||||||||||||
| ii) Other un - allocable expenditure (Net) | 12.23 | 4.95 | 31.06 | 25.81 | 79.14 | 6.37 | 105.63 | 27.22 | ||||||||||||||
| Total Profit Before Tax | (127.68) | (470.19) | (1,394.90) | 51.75 | (1.19) | (448.75) | (600.10) | 912.84 | ||||||||||||||
| Net Assets | ||||||||||||||||||||||
| a) Jewellery | 6,992.15 | 11,640.19 | 6,992.15 | 11,640.19 | 10,685.72 | 14,109.24 | 10,685.72 | 14,109.24 | ||||||||||||||
| b) Investments | 7,115.77 | 5,073.92 | 7,115.77 | 5,073.92 | 5,175.86 | 3,310.67 | 5,175.86 | 3,310.67 | ||||||||||||||
| c) Unallocated assets / (Liabilities) | 1,389.42 | 738.50 | 1,389.42 | 738.50 | 2,021.20 | 1,648.82 | 2,021.20 | 1,648.82 | ||||||||||||||
| Total | 15,497.34 | 17,452.61 | 15,497.34 | 17,452.61 | 17,882.77 | 19,068.73 | 17,882.77 | 19,068.73 | ||||||||||||||
| B | SECONDARY SEGMENT | |||||||||||||||||||||
| 1 | Segment Results: | |||||||||||||||||||||
| Within India | (48.62) | (405.75) | (166.05) | (200.99) | (644.75) | (452.23) | (762.18) | (196.53) | ||||||||||||||
| Exports Outside India | (226.86) | 190.90 | (1,574.55) | (22.41) | 732.26 | 333.32 | 373.31 | 1,129.40 | ||||||||||||||
| Total Revenue | (275.47) | (214.85) | (1,740.59) | (223.40) | 87.51 | (118.91) | (388.87) | 932.88 | ||||||||||||||
| 2 | Segment Assets | |||||||||||||||||||||
| Within India | 484.38 | 797.89 | 484.38 | 797.89 | 196.62 | 864.35 | 196.62 | 864.35 | ||||||||||||||
| Exports Outside India | 8,490.95 | 13,395.55 | 8,490.95 | 13,395.55 | 22,031.25 | 27,089.27 | 22,031.25 | 27,089.27 | ||||||||||||||
| Total Assets | 8,975.34 | 14,193.44 | 8,975.34 | 14,193.44 | 22,227.87 | 27,953.62 | 22,227.87 | 27,953.62 | ||||||||||||||
| 3 | Segment Liabilities | |||||||||||||||||||||
| Within India | 15.29 | 460.95 | 15.29 | 460.95 | 15.87 | 460.95 | 15.87 | 460.95 | ||||||||||||||
| Exports Outside India | 1,967.89 | 2,092.30 | 1,967.89 | 2,092.30 | 11,526.29 | 13,383.43 | 11,526.29 | 13,383.43 | ||||||||||||||
| Total Liabilities | 1,983.18 | 2,553.25 | 1,983.18 | 2,553.25 | 11,542.15 | 13,844.38 | 11,542.15 | 13,844.38 | ||||||||||||||
| 1 | The Company has identified Two Reportable Segments viz. Jewellery Manufacturing and Investment Activity. Segments have been identified and reported taking into account nature of products and services, the different risks and returns and the internal business reporting systems. | |||||||||||||||||||||
| 2 | The Company has identified Geographic Segments as its Secondary Segment. Geographic segments of the Company are mainly local market in India and exports out of India. | |||||||||||||||||||||
| 3 | The capital employed in the respective segments is worked out after considering the operating assets and liabilities that are directly attributable to the segments as well as allocated to the segments on a reasonable basis. | |||||||||||||||||||||
| For Goldiam International limited | ||||||||||||||||||||||
| Place : Mumbai | Rashesh Bhansali | |||||||||||||||||||||
| Dated : 26th June, 2009 | Vice Chairman & Managing Director | |||||||||||||||||||||